Former President Trump on Tuesday lashed out at Senate Minority Leader Mitch McConnell (R-Ky.) and his wife, former Trump administration Transportation Secretary Elaine Chao, for “unnecessary turmoil” within the GOP in the wake of House Republican Leader Kevin McCarthy’s (Calif.) failure to win the lower chamber’s Speakership. “There is so much unnecessary turmoil in the Republican Party,” Trump said,…
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. And we’re back! Well, just me for now anyway. Haje is covering CES, so if you are there, seek him out and say “Hi!” Thanks so much to Henry for conducting the…
A terrible year for cryptocurrencies in 2002 accelerated toward a calamitous bottom on Nov. 8 as the value of the now-bankrupt FTX exchange plummeted. The company was a mechanism people used to buy and sell cryptocurrencies such as bitcoin and ether. But confidence in FTX was destroyed as its customers hurried to withdraw their money…
Amazon has secured an $8 billion loan in anticipation of market headwinds. Provided by DBS Bank, Mizuho Bank and others, the loan — which will mature in 364 days (January 3, 2024), with an option to extend for another 364 days — will be used for “general corporate purposes,” Amazon said in a filing with…
Just three days into the new year, the crypto space is already tearing itself apart in public. A conflict that was being played out behind the scenes has just been publicized. This conflict is one of the consequences of the bankruptcy of the empire of the former crypto emperor Sam Bankman-Fried. It pits three of…
Since its inception in the mid-2000s, Chipotle has seen incredible success with its signature burrito bowl. If you’ve never had the pleasure, allow me to explain. Guests can choose a variety of rice, beans, meat, salsa, and other fixings typically found on a burrito in a bowl. It’s simple, capitalizing on the restaurant’s “make-it-your-way” service…
© Reuters. FILE PHOTO: Indonesia’s Finance Minister Sri Mulyani Indrawati speaks during a side event on the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 14 July 2022. Made Nagi/Pool via REUTERS By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia recorded a 464.3 trillion rupiah ($29.77 billion)fiscal deficit…
© Reuters. FILE PHOTO: A woman walks near a construction site of apartment buildings in Beijing, China, July 15, 2022. REUTERS/Thomas Peter BEIJING (Reuters) – Chinese new-home sales rose more than 20% year-on-year over the three-day New Year holiday starting from Dec. 31, due to promotions, support policies taking effect and the gradual release of…
Hope Hicks said she and others in the Trump administration looked like “domestic terrorists” and would be unemployable after the Capitol riot, according to text messages released Sunday by the January 6 committee.Hicks, who served as White House communications director and a counselor to the president under former President Donald Trump, appeared to have been…
Consumers and investors are wondering how much the cost of living will rise as inflation remains at a 40-year high. But the question that frightens everyone — consumers, markets and government — is whether the economy will enter a recession. The “R” word is the scary word. But for many economists there is no longer…
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