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Bitcoin (BTC) price jumps above $18,000 as CPI shows inflation cooling
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Bitcoin (BTC) price jumps above $18,000 as CPI shows inflation cooling

Cemile Bingol | Digitalvision Vectors | Getty Images Bitcoin on Thursday surged to its highest price in nearly a month, as traders bet on a U.S. inflation cooldown and digested news that lawyers for defunct crypto exchange FTX have found billions of dollars worth of assets. The world’s largest digital currency climbed above $18,000 for...

FAA lifts U.S. ground stop after technology outage delays thousands of flights
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FAA lifts U.S. ground stop after technology outage delays thousands of flights

The Federal Aviation Administration lifted its nationwide halt of departing planes on Wednesday morning after a technology outage delayed thousands of flights, but airlines warned the issue will continue to disrupt travel throughout the day. The FAA said early Wednesday domestic departures would be paused until at least 9 a.m. ET while the agency worked to restore the Notice to...

up to 3,200 employees laid off this week
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up to 3,200 employees laid off this week

People enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is laying off fewer employees than feared, but the cut is still a deep one. The global investment bank is letting go of as many as 3,200 employees starting Wednesday,...

Crypto exchange Huobi to lay off 20% of workforce
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Crypto exchange Huobi to lay off 20% of workforce

The Huobi crypto exchange logo displayed on a smartphone. Nikolas Kokovlis | Nurphoto via Getty Images Digital currency exchange Huobi on Friday reportedly said it plans to reduce its global headcount by about 20%, in the latest round of layoffs to hit the beleaguered cryptocurrency industry. The Seychelles-based company is one of the largest crypto...

Silvergate Capital tanks more than 40% after crypto bank discloses massive Q4 withdrawals
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Silvergate Capital tanks more than 40% after crypto bank discloses massive Q4 withdrawals

Pavlo Gonchar | Lightrocket | Getty Images Shares of Silvergate Capital sank 47% on Thursday after the crypto-focused bank released preliminary fourth-quarter results that showed massive customer withdrawals. Total deposits from digital asset customers declined to $3.8 billion from $11.9 billion at the end of the third quarter, a decline of roughly 68%. The withdrawals...

Manhattan apartment sales plunge in Q4, brokers fear frozen market
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Manhattan apartment sales plunge in Q4, brokers fear frozen market

Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year, according to a report from Douglas Elliman and Miller Samuel. The decline...

Tesla stock down 10% following deliveries report
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Tesla stock down 10% following deliveries report

Tesla vehicles are shown at a sales and service center in Vista, California, June 3, 2022. Mike Blake | Reuters Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. Deliveries are the closest approximation of sales disclosed by Tesla. The...