Devin Booker of the Phoenix Suns high fives fans as he walks off the court. Even before the Ishbia brothers announced plans to pay a record sum for the Suns, the team had soared in value in 2022. Gett...
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Record Snowfall And 2 Million Without Power As Elliott Batters States
Topline Winter Storm Elliott ravaged the Midwest and Northeast on Friday and Saturday, canceling flights, causing widespread power outages and breaking record snowfall totals in Buffalo, New York, as ...
125,000 Laid Off In Major Cuts As Recession Fears Spiked, According To Forbes Tracker
Topline Nearly 125,000 employees lost their jobs so far this year as more than 120 large U.S. tech companies, banks and manufacturers implemented massive rounds of layoffs, according to the Forbes lay...
Elliott Batters States—2 Million Without Power And Another 1,700 Canceled Flights
Topline Winter Storm Elliott ravaged the Midwest and Northeast on Friday and Saturday, canceling flights and causing widespread power outages, as more than half of the U.S. is placed under winter stor...
‘Once-In-A-Generation’ Storm Batters Midwest And Northeast—1.5 Million Without Power
Topline Winter Storm Elliott ravaged the Midwest and Northeast on Friday, canceling flights and causing widespread power outages, as more than half of the U.S. is placed under winter storm watches, wa...
Congress Passes Bill To Ban TikTok From Federal Devices
Topline Congress approved a ban on TikTok from federal devices Friday as part of a larger government spending bill, amid a recent surge by state governments banning the app—owned by Chinese firm ByteD...
Bidders Are Offering More Than Expected For The NFL’s Washington Commanders. A Lot More.
Yes, Antonio Gibson of the Washington Commanders. It’s a flex. (Photo by Scott Taetsch/Getty Images) Getty Images Embattled owner Daniel Snyder has received bids for the Washington Commanders “w...
Danish Forbes 30 Under 30 Entrepreneur Secures $1.8 Million, Inks Tour De France Organizer Merchandizing Deal
Oscar Bjørn-Rosager, co-founder of Danish start-up ProOwnedCycling now known as Cykom. Cykom Business angels have invested $1.8m in the Danish cycling startup Cykom. Initially known as ProOwnedCycling...
Taxpayers’ $36 Billion Pension-Fund Bailout Comes With One Thin String Attached
The government’s rescue of private pension plans comes with few strings attached. Illustration by Fernando Capeto for Forbes; Photos by Klaus Vedfelt/Getty Images; Westend61/Getty Images Here’s ...
Wintermute sees revenue plunge but CEO remains optimistic: Forbes
Digital asset trading firm Wintermute booked $225 million in revenue during the first nine months of 2022, compared to $1 billion for all of 2021, Forbes reported. In 2021, the firm — led by for...
Sam Bankman-Fried Charged With Eight Criminal Counts—Including Wire Fraud And Campaign Finance Violations
Topline U.S. prosecutors unsealed eight criminal counts against Sam Bankman-Fried on Tuesday, charging the former FTX boss and one-time cryptocurrency billionaire with wire fraud, money laundering and...
Goldman Sachs Cutting Hundreds More Jobs, Report Says
Investment firm Goldman Sachs is now the latest U.S. company to plan for a large round of layoffs, Bloomberg reported Monday—as employers fear high inflation could slide the economy into recession. De...
Ticketmaster Gives Some Fans Another Chance At Taylor Swift ‘Eras’ Tickets After Presale Fiasco
Topline Ticketmaster gave select fans another opportunity to purchase tickets for Taylor Swift’s “Eras” tour on Monday, after the company was widely criticized by Swift and her fans for website glitch...
FTX Founder Blames ‘Bad Legal Advice’ For Crypto Firm’s Bankruptcy
Topline Sam Bankman-Fried insinuated law firms looking for a massive payday contributed to cryptocurrency exchange FTX’s decision to file for bankruptcy last month, during a Monday morning interview w...
France Defeats England, Advancing To World Cup Semifinals
Topline France defeated England 2-1 in the World Cup quarterfinals on Saturday, after a 78th-minute French goal just minutes after England tied the game on a penalty kick—sending France to the semifin...
France Holds Narrow 1-0 Lead Over Rival England In World Cup Quarterfinals
Topline The English men’s national football team is trailing the defending champion French team 1-0 after the first half of their quarterfinals match Saturday, with the winner facing underdog Morocco ...
Morocco Defeats Portugal, Becomes First African Or Arab Country To Advance To Semifinals
Topline Morocco advanced to the World Cup semifinals on Saturday, defeating Portugal 1-0 and becoming the first Arab and African country to make it to the round of four in tournament history. Jawad El...
Here’s What To Know About Russia’s ‘Merchant Of War’ And Why He Was The Prisoner Exchanged For Brittney Griner
Topline U.S. officials released convicted arms dealer Viktor Bout in their prisoner swap for WNBA star Brittney Griner Thursday morning, returning the man known as the “Merchant of Death” to Russia wh...
Adobe Reportedly Cutting 100 Employees While Plaid Axes 260
Plaid became the latest U.S. tech startup to conduct a massive round of layoffs on Wednesday, just as Adobe reportedly started laying off its staff—as employers fear high inflation could slide the eco...
Salesforce Executives Have Millions Of Reasons To Leave Amid Share-Price Plunge
Salesforce executives are jumping ship as the company’s stock price plunges. Getty Images Executives at Salesforce are jumping ship. Co-CEO Bret Taylor put in his notice last week, saying he wan...
Inflation Fears Did Not Increase In November—First Time In More Than A Year
Topline For the first time in more than a year, Americans’ inflation fears have not increased, according to a new Gallup poll, as high prices, led by the cost of gas, continue to fall heading into the...
National Average About The Same As This Time Last Year
Topline The national average price for a gallon of gas dropped to $3.38 on Saturday, according to GasBuddy, bringing it within two cents of where they were at this time last year, as gas prices contin...
SBF had detailed info on Alameda’s finances as recently as March, Forbes reveals
In contrast to Sam Bankman Fried’s recent claims that he wasn’t aware of Alameda’s position, Forbes recently released its communication with SBF when drafting their billionaires’ list, indicating that...
Inside The NFL’s Fight Over Fully Guaranteed Player Contracts Like Deshaun Watson’s
The Cleveland Browns are paying their controversial quarterback the most guaranteed money in NFL history, angering other team owners and drawing the interest of the players union. Top players around t...
Crypto Founders Make The Cut For Forbes 30 Under 30
Despite an overwhelmingly bleak year for the crypto industry, some executives and founders are still getting recognition. Forbes has recently published its Fintech ’30 under 30′ list, and a surprising...
Steve Forbes Blasts “Preposterous” Biden Promise To Pay “Climate Change Reparations” To Poor Nations
The U.S. and other developed countries have endorsed the creation of a fund to compensate poorer countries for damages from natural disasters allegedly caused by industrialization. This segment of Wha...
Forbes Asia 100 To Watch Webinar 2022: Key Insights And Highlights
Forbes Asia recently published its second edition of the 100 to Watch list, which spotlights notable small companies and startups on the rise across the Asia-Pacific region. Under the theme ‘The Road ...