STAMFORD — Embattled cryptocurrency conglomerate Digital Currency Group is shutting down one of its Stamford-based subsidiaries, while another of its businesses has filed for bankruptcy and faces federal charges — pressures that reflect widespread disruption in its industry. In a letter last week to shareholders, DCG founder and Chief Executive Officer Barry Silbert said the … Read more
NEW YORK (AP) — One day in January, a once-regular customer at Fuel Training Studio in Newburyport, Massachusetts, stopped in to take a “shred” class. She hadn’t stepped foot in the gym since before the pandemic. The customer told owners Julie Bokat and Jeanne Carter that she had been working out at home alone in … Read more
SAN ANTONIO — Kawhi Leonard scored a season-high 36 points against his former team, and the Clippers ended a two-game skid by beating the San Antonio Spurs 131-126 on Friday night. The Clippers had lost nine of 11, but coach Tyronn Lue believes this game could mark the start of a turnaround for his team. “I … Read more
SAN FRANCISCO (AP) — Elon Musk has taken the witness stand to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening. That tweet resulted in a $40 million settlement with securities regulators and a class-action lawsuit alleging he misled investors. … Read more
The website Buildworld got its list of “Top Ten Eyesore Buildings in the U.S.” from the percentage of tweets criticizing the buildings’ designs. SAN ANTONIO — The iconic Alamodome, which holds so many memories for many people in San Antonio, popped up on a list of the top ten ugliest buildings in the country. The … Read more
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Alphabet Inc., up $4.97 to $98.02. Google’s owner is cutting 12,000 jobs, about 6% of its workforce, the latest tech company to trim staff. Netflix Inc., up $26.72 to $342.50. Subscriber growth is surging again at the streaming video pioneer, an … Read more
A rough week on Wall Street dominated by worries about a weakening economy ended Friday with a broad rally that gave the market its best day in two weeks. The S&P 500 rose 1.9%. Despite the gains, the benchmark index still ended with its first weekly loss in the last three. The Dow Jones Industrial … Read more