Tag: Bankman-Fried, Sam

The Numbers in the News

Chin@Strategy

Numbers that count 2 Two major central banks — the Bank of Japan and the People’s Bank of China — were the only ones not to raise interest rates this year, as inflation threatened economic growth and sapped consumer purchasing power. Central banks have collectively increased rates by more than 70 percent in 2022, according to LPL Financial, with the same goal: raise borrowing costs to cool rising prices that have been hitting shoppers from London to Poughkeepsie. Many were following the Fed, which increased its prime lending rate to…

In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto

Chin@Strategy

Mr. Zhao founded Binance after a brief career in finance, including a stint at Bloomberg, where he built trading software. He created the exchange when he was living in Shanghai. But soon after, the Chinese government banned cryptocurrency exchanges like Binance from operating in the country, and many of the company’s employees fled. Mr. Zhao maintains an active presence on Twitter but isn’t always easy to track down, having moved between Japan, Singapore, Lithuania, Malta and Dubai. Binance’s lack of a fixed headquarters is in keeping with the trend of…

Elon’s Two-Day War with Apple + How to Beat an A.I. Censor + S.B.F.’s ‘Bad Month’

Chin@Strategy

Listen and follow ‘Hard Fork’Apple | Spotify | Stitcher | Amazon | Google Elon Musk accuses Apple of trying to sabotage Twitter. But after his visit with Apple’s C.E.O., Tim Cook, things are … good? Then, the New York Times reporter Paul Mozur on the tactics Chinese protesters are deploying to avoid the most sophisticated censorship apparatus in the world. Plus: S.B.F. says it’s been a “bad month.” Credits “Hard Fork” is hosted by Kevin Roose and Casey Newton and produced by Davis Land. The show is edited by Paula…

Elon Musk Takes on Apple and Its App Store

Chin@Strategy

Leon Black is accused of raping a woman at Jeffrey Epstein’s home in 2002. Cheri Pierson sued Black, the former Apollo Global Management C.E.O., becoming the second woman to publicly accuse him of sexual assault. A lawyer for Mr. Black denied Pierson’s claims and called them an extortion attempt. Bob Iger commits to reining in expenses at Disney. At his first companywide meeting on Monday, the recently rehired Disney C.E.O. said that he would keep a hiring freeze in place and that Disney+ would focus on turning a profit over…