World

The House Financial Services Committee will hold hearings on the collapse of cryptocurrency exchange FTX in December, lawmakers announced Wednesday.

The collapse of cryptocurrency exchange FTX amid reports at least $1 billion in client funds disappeared has prompted comparisons to notorious financial scandals in recent decades.

Sam Bankman-Fried donated the maximum allowed amount to Democratic Caucus Chairman Hakeem Jeffries who is expected to succeed Speaker Nancy Pelosi as the top House Democrat.

To reduce price of electric cars, caused by supply-chain snarls, soaring demand, and inflation, EV makers are switching to lithium-iron-phosphate batteries.

Sen. Sherrod Brown, D-Ohio, said former FTX CEO Sam Bankman-Fried should testify before Congress regarding the collapse of his company. Billions of dollars have gone missing.

Who’s really to blame for FTX crypto collapse? Venture capitalists, investors and poor regulation share blame, while crypto problems drive investors to Bitcoin.

Walmart is the latest company to announce a settlement with local governments over allegations of improperly filling prescriptions for powerful painkillers

The total assessed included a record $4.2 billion in civil penalties, up from a total amount of $3.6 billion in 2021, as it filed 760 total enforcement actions.

A dessert maker in San Antonio shut down her shop after a string of break-ins this year, saying other local business closures left her "in the middle of a dark neighborhood."

OPEC lowered its forecast for global oil demand growth this year by 100,000 barrels a day to 2.5 million barrels a day. It also lowered its 2023 demand growth forecast.

American shoppers now have to pay 38% more at home than they would for the same product in Europe, according to Bank of America data, compared with about 20% historically.

Taiwan's trade talks with the U.S. and Britain sparked anger in the Chinese government.

Former Crypto billionaire and top Democratic donor Sam Bankman-Fried's FTX crypto market is facing a criminal investigation in the Bahamas, police announced Sunday.

Chinese President Xi Jinping has not left his country's COVID-19 bubble since the pandemic started, making his G-20 summit appearance a prime opportunity for discussions.

KFC Germany claimed that a "semi-automated" system generated the message due to a process of creating promotional messages tied to holiday observances.

Gen. Keith Kellogg previewed Biden's meeting with China's Xi Jinping arguing the president should focus on Taiwan, Russia and COVID rather than climate change.

Dr. Kao Kim Hourn, ASEAN Secretary-General-elect, has urged the U.S. and China to work towards strong partnerships instead of making the region the focus for geopolitical rivalry.

It will be the first in-person meeting between President Biden and President Xi Jinping, the leaders of the world’s two biggest economies, since Biden became president in January 2021.

Coal miners and industry groups lambasted President Biden for his pledge last week to shut down coal plants 'all across America,' saying he was out of touch with Americans.