Follow our live updates of the DealBook Summit. An RSVP is no longer necessary. FTX, the cryptocurrency exchange that Sam Bankman-Fried co-founded, was valued at $32 billion last month. Since
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Crypto exchange Kraken lays off 1,100 employeesCrypto exchange Kraken lays off 1,100 employees
Jesse Powell, CEO of cryptocurrency exchange Kraken, sits for a photograph at the company’s San Francisco office in 2014. David Paul Morris | Bloomberg via Getty Images Kraken, one of

DealBook Summit Live Updates: Mark Zuckerberg, Ben Affleck and More to SpeakDealBook Summit Live Updates: Mark Zuckerberg, Ben Affleck and More to Speak
Video Treasury Secretary Janet L. Yellen called the collapse of the cryptocurrency exchange FTX a “Lehman Moment,” referring to the investment bank that filed for bankruptcy in 2008.CreditCredit…Winnie Au for

US companies added just 127,000 jobs in November as hiring slowsUS companies added just 127,000 jobs in November as hiring slows
FHN Financial chief economist takes a closer look at consumer confidence falling for the second straight month on ‘Making Money.’ Private payroll job growth slowed sharply in November, evidence that

Watch a Live Interview With Sam Bankman-Fried.Watch a Live Interview With Sam Bankman-Fried.
Follow our live updates of the DealBook Summit. FTX, the cryptocurrency exchange that Sam Bankman-Fried co-founded, was valued at $32 billion last month. Since then, it has all collapsed. Mr.

European Central Bank says bitcoin is on the ‘road to irrelevance’European Central Bank says bitcoin is on the ‘road to irrelevance’
The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin

S&P 500 futures are flat as Wall Street awaits Powell speech on economyS&P 500 futures are flat as Wall Street awaits Powell speech on economy
S&P 500 futures were flat on Wednesday as Wall Street awaits an afternoon speech on the economy from Federal Reserve Chair Jerome Powell. S&P 500 futures were essentially little changed,

China’s Zhengzhou, home to world’s largest iPhone factory, ends Covid lockdownChina’s Zhengzhou, home to world’s largest iPhone factory, ends Covid lockdown
hong kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory, has lifted a five-day Covid lockdown, in a move that analysts have

China enlists Alibaba and Tencent in fight against US chip sanctionsChina enlists Alibaba and Tencent in fight against US chip sanctions
China has enlisted tech giants Alibaba and Tencent to aid its efforts in designing semiconductor chips, as Beijing braces for further US-led sanctions aimed at suppressing Chinese computing power. The

Dow Jones Futures: Stock Market Rally Awaits Fed Chief Powell, Key Economic DataDow Jones Futures: Stock Market Rally Awaits Fed Chief Powell, Key Economic Data
Dow Jones futures tilted higher early Wednesday, while S&P 500 futures and Nasdaq futures rose slightly with Fed chief Jerome Powell and the start of key economic data on tap.