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Crypto exchange Binance pulls out of acquisition for rival FTX

The crypto exchange Binance has pulled out of a deal to acquire rival digital currency company FTX just 24 hours after it announced the tentative agreement, the company said in a statement Wednesday on Twitter.  The company tweeted that the deal fell through during the corporate due diligence process following a report that federal investigators …


CNBC pulls the plug on ‘The News with Shepard Smith’

CNBC is ending its nightly newscast with Shepard Smith, the former Fox News anchor who moved to the business channel in 2020. KC Sullivan, who recently took over leadership of the NBCUniversal-owned outlet, told staffers in a memo Thursday that Smith’s final program will air at the end of the month. A CNBC representative said …