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By Luc Cohen NEW YORK (Reuters) -FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back…

The European Central Bank (ECB) has initiated a two-year project for the “digital euro,” commencing a preparation phase in November, following a two-year exploration period. The…

© Reuters. Rite Aid (RAD) files for bankruptcy, reaches agreement on restructuring with creditors Rite Aid Corporation (NYSE:) said it has reached an agreement in principle…

The numbers: Construction of new U.S. homes rebounded 7% in September to an annual pace of 1.36 million units after a sharp 1.5% drop in the…

Bonds issued by troubled drugstore chain Rite Aid Corp. sold off on Monday, after the company filed for bankruptcy, facing billions of dollars of debt related to…

Adidas shares advanced on Wednesday as the apparel maker boosted its full-year guidance. Adidas shares ADS, +3.16% rose 4% as the company pre-released its third-quarter numbers,…

Venture capitalist David Magerman is the latest major donor to the University of Pennsylvania cutting off financial support to the Ivy League school, and he’s calling…

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1.…

With Rep. Jim Jordan’s candidacy for House speaker in doubt Wednesday, a growing number of Republicans and Democrats were coalescing around a plan to formally elect…

Remember when Amazon AMZN was just considered an online bookstore? Few folks had the foresight to see how the company would eventually go on to dominate…