Business

Witthaya Prasongsin/Getty Images (NEW YORK) — Embattled crypto executive Sam Bankman-Fried now faces an additional criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, according to a superseding indictment unsealed Tuesday in the Southern District of New York. The new charge brings to 13 the total number of counts […]

Tetra Images – Henryk Sadura/Getty Images (WASHINGTON) — The country’s top banking regulators faced a grilling from lawmakers Tuesday about who was responsible for the the failures of Silicon Valley Bank and Signature Bank. The Senate Banking Committee heard testimony from officials at the Federal Reserve, Federal Deposit Insurance Corporation and the Treasury Department in […]

Karl Tapales/Getty Images (NEW YORK) — Social media app TikTok faces mounting bipartisan hostility in Washington D.C., where Biden administration officials and lawmakers are weighing a possible ban of the platform. The app, which counts more than 150 million U.S. users each month but is owned by a China-based parent company, has faced growing scrutiny […]

Fabrice Coffrini/AFP via Getty Images (NEW YORK) — Toblerone, the triangular-shaped chocolate with Switzerland’s famed Matterhorn mountain immortalized on its packaging, will soon be changing its look to adhere to Swiss legislation. The candy bar, which is molded to mimic a mountain peak, can no longer be dubbed “Swiss chocolate” after Mondelez, the parent company […]

Zbigniew Bzdak/Chicago Tribune/Tribune News Service via Getty Images (NEW YORK) — Electric carmaker Tesla slashed the prices of its two most expensive cars in the U.S., the automaker’s website showed on Monday. The price cuts affected the performance version of the Model S and the more expensive Model X. The move follows a previous cut […]