Amid another reset, Shift Technologies is evaluating options to raise additional capital
The company is considering “all avenues” to raise capital, including negotiating with its debt holders, company CFO Oded Shein said Thursday.
Judge sends FTX founder Sam Bankman-Fried to jail, says crypto mogul tampered with witnesses
By LARRY NEUMEISTER (Associated Press)
NEW YORK (AP) — FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him.
Bankman-Fried drooped his head as Judge Lewis A. Kaplan explained at length why he believed the California man had repeatedly pushed the boundaries of his $250 million bail package to a point that Kaplan could no longer ensure the protection of the community, including prosecutors’ witnesses, unless the 31-year-old was behind bars.
After the hearing ended, Bankman-Fried took off his suit jacket and tie and turned his watch and other personal belongings over to his lawyers. The clanging of handcuffs could be heard as his hands were cuffed in front of him. He was then led out of the courtroom by U.S. marshals.
It was a spectacular fall for a man who prosecutors say portrayed himself as “a savior of the cryptocurrency industry” as he testified before Congress and hired celebrities including Larry David, Tom Brady and Stephen Curry to promote his businesses.
Changan Ford Motor to set up electric car JV with Chongqing Changan Auto
Changan Ford Motor will own a 60% stake and Chongqing Changan Automobile the remaining 40% stake.
PODCAST: Universal’s Minion Land blasts off and HHN’s spooky expectation (Ep. 191)
Universal Studios officially opened Minion Land. Orlando Sentinel tourism reporter Dewayne Bevil and Central Florida Explorer Patrick Connolly discuss the new interactive attraction, Illumination’s Villain-Con Minion Blast, and the tasty treats offered: Think banana-flavored popcorn and banana bread beer. They then switch gears and focus on Halloween Horror Nights, the after-hours ticketed event that begins Sept. 1.
- Minion Land (2:32)
- Minion Blast (5:03)
- Minion Cafe (10:00)
- Character meet and greet (14:32)
- HHN houses (15:30)
- HHN scare zones, shows, taste of terror (26:12)
AutoCanada Q2 net income rises 16% to $45 million
AutoCanada Executive Chairman Paul Antony credited improving new-car inventories, greater internal efficiency readying used vehicles for resale and the “robust performance” of dealership service departments for the strong results.