Business

Avatar: The Way of Water has surpassed $1 billion in global ticket sales after two weeks in theaters, Walt Disney Co. The film reached the sales milestone faster than Top Gun: Maverickby Paramount Global and Jurassic World: Dominion, by Comcast Corp.’s Universal, are the only other 2022 films to have sold $1 billion in tickets. It’s the fastest thing a…

Goldman Sachs Group Inc. is working on a new round of job cuts, which will be announced in a few weeks, Chief Executive Officer David Solomon said in his traditional year-end message to employees. “We are conducting a careful review and while talks are ongoing, we expect our downsizing to take place in the first half of January,” Solomon said.…

In June 1867, over 700 US troops led by Lieutenant Colonel George Armstrong Custer were defeated by the Lakota Sioux and allied Native American tribes in the legendary Battle of the Little Bighorn, also known as Custer’s Last Stand. It’s rare for Wall Street analysts to point to 19th-century history, but Anthony Chukumba, Loop Capital’s managing director, believes that’s pretty…

The US will require airline passengers arriving from China to present negative Covid-19 tests as global concerns about the spread of the virus have increased since the country lifted restrictions aimed at eradicating infections. Travelers arriving directly from China or who were in the country 10 days prior to their departure for the United States must have either a negative…

In modern capitalism, it seems like the tales of corporations and managers engaging in fraud and defrauding their investors happen like the changing of the seasons. In fact, these scandals can be traced back to the very beginnings of publicly traded companies, when the first stockbrokers bought and sold company shares and government securities in the coffee houses of London’s…

Checks may be a thing of the past thanks to electronic funds transfers that can be done online or through your mobile apps. But at some point you may have to write a physical check. For example, some apartment complexes still require rent checks. If you need to write a check, there are steps to ensure it’s done correctly while…

For more than a decade after the Great Financial Crisis, central banks around the world kept interest rates low in an attempt to restart the economy. It was an era of easy money that fueled risky investments in underperforming tech stocks, shady cryptocurrencies, and backdoor IPOs known as SPACs. And when COVID struck and central banks doubled down on easy…

FTX founder Sam Bankman-Fried said he and former CEO Gary Wang borrowed more than $546 million from Alameda Research to buy a nearly 8% stake in Robinhood Markets Inc, according to court filings. The couple borrowed the funds earlier this year. The transactions were documented in a series of promissory notes detailed in an affidavit emerged Tuesday in a lawsuit…

If you are not convinced of the power of artificial intelligence, look at the figure above. I generated it in a few seconds by typing the prompt “Vaporwave robot carrying a briefcase full of cryptocurrency in a dark alley” into DALL-E 2, a free tool from OpenAI, the Elon Musk-funded AI company Has. OpenAI’s latest AI model is even more…

BioNTech SE’s Chinese partner has started allowing mainland Chinese to register for its mRNA-COVID-19 vaccine in Hong Kong before the border reopens early next month, which could spark a wave of visitors to the financial hub. Shanghai Fosun Pharmaceutical Group Co. allows people to register for enrollment through its app and online, with the company asking users for their personal…