Business News [UP]

Cryptocurrency exchange FTX Group — with about 130 affiliated companies — tweeted Friday that it has commenced voluntary Chapter 11 bankruptcy proceedings....Read More

Government figures show the British economy shrank during the third quarter of 2022, indicating that a recession was on the horizon as inflation and high energy prices continued to squeeze the country....Read More

Keurig Dr. Pepper CEO Ozan Dokmecioglu resigned Thursday after violating the company’s code of conduct....Read More

KFC has apologized after it sent promotions to customers in Germany for its new cheesy chicken, urging them to celebrate Kristallnacht this week....Read More

A key indicator of U.S. inflation grew by a lower-than-expected number in October, its lowest annual increase since January, sending American markets soaring on Thursday morning....Read More

Hybe Co., the agency behind BTS, said it will support collaborations between record labels under its wing to introduce diverse content in what is seen as efforts to fill the hole left by the flagship band’s...

Binance, the world’s largest cryptocurrency exchange, pulled out of its deal to acquire competitor FTX after learning the company’s financial situation was worse than expected....Read More

Astra, a California-based launch system company, is laying off 16% of its workforce to focus more resources on development....Read More

The U.S. Energy Department sees wholesale natural gas prices at about twice the level they were last year....Read More

Facebook’s parent company, Meta, will be laying off 11,000 employees, founder and CEO Mark Zuckerberg said Wednesday....Read More