FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round

FTX in talks to raise up to  billion at valuation of about  billion, in-line with prior round


Crucial Points
  • FTX is talking with possible buyers about a funding round that would preserve the company’s valuation in-line with a prior financing earlier this year.
  • The privately held company has been on a buying frenzy all through the “crypto winter.”
  • Existing investors include things like Singapore’s Temasek, SoftBank’s Vision Fund 2 and Tiger World.



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Stocks making the biggest moves after hours: Nike, Dave & Buster’s, RH and more
Finance

Stocks making the biggest moves after hours: Nike, Dave & Buster’s, RH and more

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Warren Buffett says Iran bomb would make nuclear disaster harder to avoid
Finance

Warren Buffett says Iran bomb would make nuclear disaster harder to avoid

Key Points Berkshire Hathaway chairman Warren Buffett said that the rising number of nuclear-armed states has altered the global risk landscape. “I would say that one way or another… in the next 100 years — maybe it’s 200 years, who knows — something will happen to cause it to be used,” he said. Source

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While low-income consumers struggle with rising gas prices, higher earners grow nervous as markets fall
Finance

While low-income consumers struggle with rising gas prices, higher earners grow nervous as markets fall

Higher oil prices due to the U.S.-Iran war are straining an already strapped lower-income consumer . But as equities fall, there’s a warning sign that higher earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card spending revealed that from the start of the war through […]

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