Talk about a rough week at the office. Over the past week, Wall Street has been picking through the implosion of a $10B fund called Archegos Capital Management. A number of highly leveraged bets went sideways and the fund — run by industry vet Bill Hwang...
The Turkish lira’s dramatic slump has added fuel to a surge in cryptocurrency trading in the country, data showed, with investors hoping to both gain from bitcoin’s rally and shelter against inflation. Turkey’s currency has lost over 13% since President Tayyip...
Taiwan Semiconductor Manufacturing Co plans to spend US$100 billion over the next three years to expand its chip fabrication capacity, a staggering financial commitment to address booming demand for new technologies. TSMC, the world’s leading manufacturer of...
(CNN)It’s been a great time to be selling really, really expensive cars. “I’ve been in this business 40 years and I’ve never seen it like this,” said Brian Miller, president of Manhattan Motors, a high-end dealership that sells...
Volkswagen could end up in hot water over its ‘Voltswagen’ marketing stunt New York (CNN Business)Volkswagen of America says its “Voltswagen” name change was merely a joke “in the spirit of April Fools’ Day” to promote a new...