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Liquidators for FTX filed a petition to a New York court, rejecting the validity of US bankruptcy proceedings, arguing that Bahamanian law takes precedent.

Billionaire investor Ken Griffin, the founder and CEO of multinational hedge fund Citadel, warned that the collapse of cryptocurrency giant FTX could weaken confidence in financial markets at large and hurt the ability of younger investors to save for retirement.

The bankruptcy of FTX is expected to trigger more failures among cryptocurrency companies but whether those failures spill into the general economy is still undetermined.

FTX, one of the world's largest cryptocurrency exchanges, has rapidly collapsed. Here are some of the entities and individuals potentially impacted by it.

Alphabet and others have made large profits while buying back billions of dollars in shares in recent years as interest rates remained low in the developed world.

Bankrupt cryptocurrency exchange FTX said it may have more than a million creditors, including tens of thousands of customers as its assets remain frozen in the Bahamas and criminal probes get underway.

Nearly 48,000 unionized academic workers at University of California campuses went on strike Monday, calling for pay increases and various additional benefits.

The bankruptcy of FTX is not expected to trigger another year 2000-type dot-com meltdown but instead expose weaknesses in the business models of cryptocurrency exchanges.

A new study indicates more than half of America's youngest generation of adults are now living with their parents due to high inflation and the economy.

CEO Tim Cook said in a Monday CBS interview that Apple is being "very deliberate" about hiring as it navigates current and future economic conditions.

Amazon will reportedly lay off 10,000 employees as soon as this week amid the uncertain economic environment, according to a report. It said the number of layoffs "remains fluid."

Human resource experts weigh in on asking for a raise in a tough economy — and the best ways for employees to highlight their contributions to the company during meetings with the boss.

Consumers are growing more pessimistic as inflation expectations tracked by the Federal Reserve Bank of New York increased across all horizons, while unemployment expectations deteriorated.

The CEO of Binance has announced his crypto exchange will no longer accept tokens from FTX for deposit.