The Goldman Sachs banker convicted in the $4.5 billion 1MDB embezzlement scheme is suing his former boss for fraud and $130 million damages. Roger Ng, who is appealing his April conviction, says…
Category: Business
Janet Yellen says crypto must be regulated after FTX fiasco
The shocking collapse of the once-respected cryptocurrency exchange FTX is proof digital assets markets need “very careful regulation,” US Treasury Secretary Janet Yellen said. “It shows the weaknesses of this entire sector,”…
FTX clients out up to $2 billion after crypto collapse: reports
At least $1 billion of customer funds — and possibly as much as $2 billion — have gone missing in the shocking implosion of the crypto currency exchange FTX, according to reports….
Wendy’s Peppermint Frosty to launch as new holiday treat
The holiday season will be in full swing at Wendy’s this month with the chain’s new Peppermint Frosty. Wendy’s restaurant locations will start serving the minty soft-serve dessert nationwide on Tuesday, Nov. 15, according…
MSG Network plans to launch paid app to show Knicks and Rangers games without cable
Knicks and Rangers owner James Dolan will launch a direct-to-consumer service this season that lets fans watch the teams without a cable subscription, The Post has learned. The price of the “over-the-top”…
Monkey slave labor rampant on Thailand’s coconut farms: report
Forced monkey labor on coconut plantations in Thailand is more widespread than previously known — and some US brands and retailers are still buying the country’s coconut milk despite grisly reports of…
Musk’s lawyer scrambles to calm Twitter staffers who fear jail over FTC scrutiny
The head of Elon Musk’s legal team scrambled to assuage the concerns of Twitter staffers who reportedly fear they could face prison if the company runs afoul of federal regulations. In a…
Amazon’s new ‘Sparrow’ robot threatens to take warehouse worker jobs
Amazon unveiled its new ‘Sparrow’ sorting robot that could soon replace some human workers in its warehouses. The robot is designed to identify and sort specific products along Amazon’s fulfillment line, a…
Theranos fraudster Elizabeth Holmes seeks home confinement
Elizabeth Holmes urged a US judge not to send her to prison, as the founder of Theranos prepares to be sentenced next week for defrauding investors in the blood testing start-up. In a Thursday…
Donald Trump demands CNN go ‘conservative’ and ‘only have me on’ in latest tirade
Former President Donald Trump bizarrely suggested Friday that his longtime foes at CNN shift toward conservative coverage — and make him the centerpiece — to save the struggling cable network. “If CNN…