David Gura

After the spectacular collapse of the crypto exchange FTX, a growing chorus of people in Washington, D.C., are asking Congress for more clarity on how to regulate crypto.

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

It was nothing but sunny days for crypto at this time last year - But those days are long gone and with one of the world's biggest crypto exchanges filing for bankruptcy on Friday.

FTX, one of the world's largest cryptocurrency exchanges, filed for Chapter 11 bankruptcy Friday. It took less than a week for the company, and its once-popular CEO, to wipe out financially.

One of the world's largest crypto exchanges has filed for bankruptcy. Facing a liquidity crunch, FTX stopped withdrawals, and one of its rivals declined to step in to help.

Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard.

The University of Texas, which is making millions from land it leases for oil and gas drilling, is getting close to overtaking Harvard University as the school with the largest endowment.

Now that Elon Musk owns Twitter, he owes creditors billions of dollars and he is wasting no time cutting costs.

U.S. executives and billionaire investors are mingling and making deals at a conference nicknamed "Davos in the Desert," even as the White House reevaluates relations with Saudi Arabia.

The world's top bank executives, along with billionaire investors, are laying the groundwork for deals at a time when the relationship between the U.S. and Saudi government is at a low point.

After setting records in 2021, endowment returns have fallen dramatically amid economic uncertainty. Some colleges and universities have endowments that rival the economies of entire countries.

The Federal Reserve's attempts to slay the dragon of inflation are creating a major shift for large U.S. banks, with big-money deals falling through but interest income rising.

Nearly all the chief executives in a new survey — 98% — say they're getting their ducks in a row for an impending economic downturn in the United States.

As the Federal Reserve maintains it can get high inflation under control without triggering a recession, 98% of CEOs surveyed say they're preparing for a recession in the next 12 to 18 months.

Sen. Elizabeth Warren, D-Mass., is calling for more oversight of the popular banking service Zelle. In a new report, Warren says the platform is rife with fraud and theft.

The reality TV star hawked a crypto token on her Instagram account without telling her hundreds of millions of followers she'd been paid to do so.

Amid heightened uncertainty about the global economy, all three U.S. indexes are in a bear market as the third quarter comes to a close.

Customarily, the Fed and other central banks do as much as they can to keep markets calm. This time they're the reason behind the volatility.

The volatility in U.S. markets is rocking stock, bond and currency trading in other countries. Many blame the Federal Reserve for the wild swings.

The U.S. dollar is the strongest it has been in 20 years. As it strengthens, other currencies — like the pound — weaken. That's good news for U.S. consumers and importers but bad news for others.