The latest business news around the world.
The latest business news around the world.
Is fractional-reserve banking inherently unstable? Over at National Review, Edwin Burton, a visiting economics professor at the University of Virginia, argues that the “mismatch between the maturity of the source of funds and the maturity of the use of funds”…
Note: An earlier version of this article appeared at Economic Forces. Anyone who has followed macroeconomic debates of the last half-century is surely familiar with the Phillips Curve, a name given to the supposed negative relationship between the unemployment rate…
Sam Bankman-Fried is reportedly covering his legal defense fees using funds from Alameda Research. The funds are part of a $10 million gift to SBF’s father, which was given using a loan from Alameda. The gift was sent in 2021…
Binance and its top executives have reportedly concealed ties with China for several years. A recent report claimed that Changpeng Zhao directed employees to hide information regarding their presence in China. The crypto exchange previously claimed that it had left…
The United States and South Korea have both requested the extradition of Do Kwon. Montenegro’s Justice Minister revealed the extradition requests for the Terra founder in a press conference earlier today. Minister Kovac clarified that the legal proceedings in Montenegro…
Retailers are continuing to face challenges from organized labor after the Communications Workers of America (CWA) filed two unfair labor practice charges with the National Labor Relations Board (NLRB) on behalf of Apple retail workers, including those at a Kansas…
GoodwillFinds — the new resale marketplace from nonprofit thrift store chain Goodwill — has added two retail veterans to its C-suite and onboarded three new Goodwill member organizations (representing more than 50 retail stores) to the platform. Launched in October…
Kohl’s is opening its third-party marketplace to sellers in all categories following a successful pilot of the platform. The Kohl’s Marketplace already features thousands of products in categories including apparel, fitness, wellness, toys and home. Now the retailer plans to…
Apple has begun the pre-release of its new Pay Later offering, which was first announced at the company’s developers’ conference in June 2022. Pay Later — which will let users split purchases into four payments spread over six weeks with…
Jeff Gennette, Chairman and CEO of Macy’s since 2017, plans to retire in February 2024 after a total of four decades with the retailer. He will be replaced in the top spot by Macy’s EVP and Bloomingdale’s Chairman and CEO…
