A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt

A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt

(Bloomberg) — Contagion from the messy implosion of Sam Bankman-Fried’s crypto empire is spilling into the world of decentralized finance, after a hedge fund was declared in default on almost $36 million of loans. Most Read from Bloomberg Orthogonal Trading said in a tweet on Tuesday that it had been “severely impacted by the collapse … Read more

Gossamer Bio’s stock falls 64% on findings for Phase 2 study for hypertension drug

Gossamer Bio's stock falls 64% on findings for Phase 2 study for hypertension drug

Shares of Gossamer Bio Inc. GOSS, +2.99% plunged 64.5% in premarket trading on Tuesday after Wall Street analysts questioned the performance of the company’s experimental hypertension drug in a Phase 2 clinical trial. Though Gossamer said the drug, seralutinib, met the primary endpoint in a Phase 2 clinical trial, SVB Securities analyst Joseph Schwartz told … Read more

Textron Wins $80 Billion U.S. Army Helicopter Contract. Stock Soars.

Textron Wins $80 Billion U.S. Army Helicopter Contract. Stock Soars.

Shares of industrial-defense company Textron are soaring Tuesday. Winning an $80 billion contract will do that. Monday evening, the U.S. Army announced it had selected Textron (ticker: TXT) subsidiary Bell Helicopter to supply its new long-range assault helicopter. Textron beat a joint bid from Lockheed Martin (LMT) and Boeing (BA).

I’m 56 and plan to retire at 62. I’ll have both a state retirement plan and Social Security — but I also have a child starting college, which I want to pay for. Do I need professional help?

I’m 56 and plan to retire at 62. I’ll have both a state retirement plan and Social Security — but I also have a child starting college, which I want to pay for. Do I need professional help?

Getty Images/iStockphoto Question: I’m 56 years old and working for a state university, so I will have a state retirement plan. I previously worked full time and contributed to Social Security for 20 years. I still work part time and contribute to Social Security. I’m planning to retire in six years when I’m 62, and … Read more

Bankman-Fried Used “Stolen Customer Money,” Experts Say

Bankman-Fried Used "Stolen Customer Money," Experts Say

Sam Bankman-Fried has gone on a damage-control tour as the impact if his collapsed FTX Group crypto empire mushrooms. Against the advice of his lawyers, the former CEO spoke with the New York Times and ABC’s “Good Morning America” last week in his first public interviews since FTX filed for bankruptcy on Nov. 11. A … Read more