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Business

Sam Bankman-Fried has a new currency to trade in prison: rice

Bankman-Fried has lost 25 pounds, Puck reports, and looks fitter, which may be in part because he says the vegan food he is served is inedible.

October 7 Survivors Sue Campus Protesters, Say Students Are “Hamas’s Propaganda Division”

Four lawsuits alleging Hamas ties against Students for Justice in Palestine, the AP, UNRWA, and a cryptocurrency exchange share many of the same plaintiffs. The post October 7 Survivors Sue Campus Protesters, Say Students Are “Hamas’s Propaganda Division”

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Open-source cybersecurity could derail the internet as we know it

In March, a software bug threatened to derail large swaths of the web. XZ utils, an open-source compression tool embedded in myriad software products and operating systems, was found to have been implanted with a backdoor. Read more...

The Dow rises 300 points as Amazon hits a 52-week high

The market rally continued for a seventh day, as a weak jobs report fueled investors’ hopes that the Fed might still cut interest rates this year

A weak job report raises hopes of a rate cut, sending the Dow up 200 points

The Dow and other indexes opened higher on Thursday as the latest jobs report suggests the Federal Reserve may lower interest rates this year. Read more...

Bitcoin and crypto have a lot of terms. We've got a glossary for what you need to know

Since its inception, Bitcoin has captured the attention of countless individuals, which has led to the creation of a bustling cryptocurrency industry. As the crypto industry is new, its terms and jargon are often unfamiliar, which makes it difficult to un

Inflation hits McDonald's, FTX customers get paid back, Spirt Airlines struggles: Business news roundup

Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchange’s collapse — if not more. Read more...

Robinhood stocks are up, despite being under the SEC's scrutiny

Robinhood’s shares surged by approximately 6% on Thursday morning following the announcement of its record quarterly revenue and profits that exceeded analysts’ predictions.Read more...

FTX customers are getting back all the money they lost in the crypto exchange's collapse

Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchange’s collapse — if not more.Read more...