Tag Archives: Substantial

Collapsed crypto exchange FTX said Tuesday it has identified $5.5 billion of liquid assets, but said based on current estimates both the international and U.S. based exchange still face a “substantial shortfall” from what the trading venues owe customers. A court document with the restructuring team’s most recent findings shows this $5.5 billion includes $1.7 billion of cash, $3.5 billion of crypto assets, and $0.3 billion of securities. Some $1.7 billion of the company’s assets are being held… Source link

By Dawn Chmielewski and Sheila Dang (Reuters) – Former Disney CEO Bob Iger said on Wednesday the entertainment giant had determined that a “substantial portion” of Twitter’s users were “not real” in 2016, when Disney was weighing a purchase of the social network. Iger said the Walt Disney Co and Twitter Inc boards were prepared to enter negotiations when he got cold feet. He said that, with Twitter’s help, Disney had learned that “a substantial portion – not a majority -” of users were fake. “I… Source link

On Wednesday afternoon, Secretary of State Antony Blinken announced that the U.S. had offered Russia a “substantial proposal” aimed at securing the release of WNBA star Brittney Griner and former Marine Paul Whelan. Now the question is whether it will be enough to bring the two jailed Americans home. Will the Russians accept a 2-for-1 trade for a notorious arms trafficker who for years has been atop the Kremlin’s prisoner exchange wish list? Or will they seek to extract more concessions… Source link

The Biden administration has “put a substantial proposal on the table” aimed at bringing WNBA star Brittney Griner and fellow jailed American Paul Whelan home from Russia, Secretary of State Antony Blinken said Wednesday. Blinken declined to offer details on the proposed deal with Russia, but convicted arms trafficker Viktor Bout has for years been atop the Kremlin’s prisoner exchange wish list. Russian state media outlets have previously floated the possibility of an exchange involving… Source link

As the oldest ballpark in major league baseball, Fenway Park has endured a storied 110-year history. But, Sam Kennedy, the president and CEO of the Boston Red Sox, says the park’s next chapter will largely be defined by its sustainability efforts. On Tuesday, it took a major step in that effort, signing a partnership with climate finance company Aspiration to put Fenway on a path to carbon neutrality, making the ballpark, famous for its Green Monster, even greener. “It’s really hard to… Source link

The U.S. economy will be battling a continued slowdown in 2022 as it contends with sticky inflation and supply chain bottlenecks, reasons Goldman Sachs (GS) chief economist Jan Hatzius.  “I would say growth is clearly slowing. Obviously we are past the peak [growth] rate, but it’s a relatively graduate slowdown,” said Hatzius on Yahoo Finance Live.  Hatzius and his team made headlines earlier this month for cutting their 2021 GDP growth estimate to 5.6% from 5.7%. The group also issued a… Source link

Bloomberg There’s Plenty Worrying Investors as Europe’s Stocks Hit Records (Bloomberg) — European equities are at records, vaccination rates are picking up and central banks are funneling trillions of dollars into the economy. But there is still plenty that could go wrong, with a resurgent coronavirus outbreak, another missed summer holiday season and elections keeping investors up at night.While the pandemic turned 2020 into a stock market roller-coaster, 2021 has begun on a more… Source link

Welcome to the “public leaks looking to gain leverage” portion of the negotiation between the NBA players union and the league. Less than a week after NBA team owners talked and decided to push for a Dec. 22 start to the season — putting games on Christmas Day and reportedly generating an extra $500 million in revenue — comes this report that a “substantial faction” of players wants the season to start on Jan. 18, Martin Luther King Jr. Day, reports Chris Haynes at Yahoo Sports.