A federal judge in Seattle has issued arrest warrants for a Washington couple convicted last year of bilking more than 3,000 customers of over $30 million through an online precious metals firm after they failed to show up to their sentencing hearing Friday.
The FBI, which issued wanted posters for the couple, believes they fled their Auburn, Wash., home last week, but still may be in south King County or possibly California.
BlackRock, the world's largest asset manager, released a new exchange traded fund (ETF) last week that tracks the cryptocurrency industry, with the iShares Blockchain and Tech ETF.
Why it matters: A crypto product from the investing giant is another signal that traditional finance is not ignoring blockchain technology any longer.
Good news for the NFT industry: People are still spending around $50 million per day on non-fungible tokens. Bad news: In January that rate was about $100 million per day, according to NonFungible.com.
Why it matters: NFTs drove 2021's boom in cryptocurrency. They are the reason people are talking about blockchains again, but — for the second time since the world discovered NFTs last year — the appetite for jpegs has waned.
The Department of Labor earlier this year published guidance on employee retirement programs that offer cryptocurrency investments. Fidelity Investments' take: Not helpful.
Why it matters: Fidelity's intention to offer a retirement plan with bitcoin later this year is testing the government's understanding of the crypto market and how it relates to its conservative stance on Americans' retirement savings accounts.
The manufacturing sector is still bustling, but it’s beginning to lose momentum.
By the numbers: The Institute for Supply Management (ISM) Manufacturing PMI index — a closely watched gauge of the health of manufacturers — hit a 20-month low in April.
The market’s rocky start to 2022 is testing the mettle of retail traders who dove head first into the stock market earlier in the pandemic.
Why it matters: Last year’s meme stock phenomenon helped usher in a new generation of retail traders, who are expected to continue to have a significant influence on the market. How active they remain will shape the financial services industry.
Amazon workers at a Staten Island warehouse voted against unionizing on Monday, one month after a neighboring warehouse formed Amazon's first union in the U.S.
Why it matters: All eyes have been on Amazon workers to see if the Amazon Labor Union's (ALU) success from last month can be replicated. Since its April victory, workers at multiple other Amazon facilities have asked ALU for help organizing against the tech giant, which has resisted unionization efforts in its U.S. operations, VICE reports.
Amazon has told its U.S. employees that it will cover their expenses when they travel to access non-life threatening medical procedures, including abortions, Reuters reported and Axios has confirmed.
The big picture: Amazon's decision comes after Citigroup and Yelp both announced they would reimburse travel expenses for abortion care as a direct response to a slew of bills passing in red states looking to restrict access to the procedure.
The Recount is planning to restructure its business, sources tell Axios. Staff cuts are expected in the next few weeks. Its chief content officer Ryan Kadro has exited the company.
Why it matters: The three-year-old video news startup was planning to raise money in the near future. Its reevaluating plans as it looks to build a new leadership team.
Spirit Airlines announced on Monday that it has rejected an acquisition offer from JetBlue, saying it feared the deal would not be cleared by antitrust regulators.
Driving the news: Last month, JetBlue made an unsolicited offer to buy Spirit for $3.6 billion.
The stock market fell off the ugly tree in April, hitting every branch on the way down.
Driving the news: The closing bell on Friday marked the end of a nasty day, a dismal week and a miserable month in what's turning into a horrible year for the S&P 500.
Job listingscould get much more interesting in New York City this fall. Starting Nov. 1, employers will be required to post the maximum and minimum salary for a role, so you can actually know how much a job pays before you take that interview.
Why it matters: This is quickly becoming a thing. Salary transparency is believed to be a way to diminish unfair gender and racial pay disparities, and more states and cities are doing it.
GM expects car buyers to pay an average of $135 a month in coming years for bonus features like navigation, hands-free driving technology and other digital services that customize the in-car experience.
That's on top of their monthly car payment.
Yes, but: Whether people will actually cough up those monthly subscription fees, on top of the vehicle's purchase price, isn't clear.
Qantas has ordered 12 Airbus A350s to be used for nonstop flights from Australia to cities such as New York and London from late 2025, the company announced Monday.
Why it matters: The planes are "capable of flying direct from Australia to any other city" in the world, per a Qantas statement.
United Nations officials have been "blocked" from accessing "besieged cities like Mariupol, Mykolaiv and Kherson" — raising concerns of mass starvation in the Ukrainian cities that have been devastated by Russia's military invasion.
Driving the news: That's according to UN World Food Program chief David Beasley, who told CBS' "60 Minutes" journalist Scott Pelley in an interview broadcast Sunday that denying civilians in the eastern Ukrainian cities access to food was "just wrong, evil."
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