Binance, the world’s largest crypto exchange, has confirmed that it is indeed backing out of its deal to buy rival FTX’s non-U.S. assets, according to a tweet sent from the Read more
Tag: backing
Argo AI shuts down as Ford, VW pull backing from autonomous-vehicle startup that raised more than $3 billion
Argo AI, an autonomous vehicle startup, is shutting down as its two big backers, Ford Motor Corp. and Volkswagen AG, indicated that the company’s technology is taking too long to Read more
Fed’s George urges caution while backing further rate hikes
The Federal Reserve needs to continue raising interest rates but should be careful about the pace of these moves, said Kansas City Fed President Esther George on Friday. “We may Read more
‘They’re waiting to see if home prices fall’: Home buyers are backing out of contracts in the Sun Belt at a record rate
The tide has turned, and buyers are now backing out of deals in the Sun Belt as rates rise and home prices remain unaffordable. Once pandemic boomtowns, 15.2% of homes Read more