Business & Practice

Michael Burry, the money manager made famous in The Big Short, warned that Bitcoin’s plunge could deepen into a self-reinforcing “death spiral,” inflicting lasting damage on companies that have spent the past year stockpiling the token.

Bitcoin dropped to its lowest since Donald Trump retook the White House a little more than a year ago, erasing the gains registered by the bellwether digital asset since the election victory of the crypto-friendly US president.

Nvidia Corp. is nearing a deal to invest $20 billion in OpenAI as part of its latest funding round, according to people familiar with the matter, marking the chipmaker’s single biggest investment in the ChatGPT developer.

Emerging-market stocks and currencies rebounded on Tuesday as a weaker dollar, easing volatility in precious metals and renewed optimism around Asian technology stocks lifted risk appetite.

Convicted sex offender Jeffrey Epstein made an early investment in crypto exchange Coinbase Global Inc., years after he was charged by state authorities in Florida and served time in jail there.

Paul Weiss Chairman Brad Karp dropped out of a Tuesday event in which he was slated to discuss “leadership in uncertain times” as details emerge about his communications with disgraced financier Jeffrey Epstein.

Michael Burry, the money manager made famous in The Big Short, warned that Bitcoin’s plunge could deepen into a self-reinforcing “death spiral,” inflicting lasting damage on companies that have spent the past year stockpiling the token.

President Donald Trump’s opinion of Colombia’s leader swung from “sick” to “terrific” as a face-to-face White House meeting eased tensions between the ideological foes.

A federal judge rejected Elon Musk’s attempt to throw out a US Securities and Exchange Commission lawsuit alleging he waited too long to disclose his growing stake in Twitter.

Walt Disney Co.’s corner-office transition brought made-for-TV drama as the entertainment giant named Josh D’Amaro as its new chief executive officer. For its next act, Disney will try to hold onto the leaders who lost out to the themes-park chief.

Netflix Inc. and Warner Bros. Discovery Inc. faced a skeptical Senate panel Tuesday as their executives defended their $82.7 billion media merger against lawmakers’ concerns about the proposed tie-up and its impact on streaming consumers and Hollywood workers.

A financing arrangement between biotech billionaire Dr. Patrick Soon-Shiong and ImmunityBio Inc. helped “bridge the gap” to regulatory approval of a novel bladder cancer drug, an attorney for the company and its executive chairman told a Delaware court Tuesday.

The top House Republican overseeing US export controls said he aims to ensure China doesn’t have access to powerful American artificial intelligence technology to boost its military and economy.

The moratorium on mass layoffs of federal workers will continue into mid-February after Congress passed a stop-gap measure funding the Department of Homeland Security, the office of Sen. Tim Kaine (D-Va.) confirmed.

The US Justice Department and a group of states will appeal a federal judge’s ruling that imposed only modest limits on Alphabet Inc.’s Google contracts related to its search engine and artificial intelligence apps.

The operator of Nurse.com shouldn’t face a Video Privacy Protection Act suit alleging it shares customers’ information with Meta Platforms Inc. without their consent, a federal magistrate judge recommended, because the plaintiffs failed to demonstrate they have standing to sue.

Paul Weiss Chairman Brad Karp dropped out of a Tuesday event in which he was slated to discuss “leadership in uncertain times” as details emerge about his communications with disgraced financier Jeffrey Epstein.

US Supreme Court Justice Brett M. Kavanaugh’s analysis of a Mississippi social media law requiring age verification loomed large during oral arguments Tuesday before the Fifth Circuit, where the state is trying to get a preliminary injunction against enforcement lifted.

Uber Technologies Inc. could be on the hook for $144 million in damages as a jury decides the ride sharing giant’s liability in a case where a woman claims she was raped by her driver during a late-night ride from a bar.

The government’s case against US Supreme Court advocate Tom Goldstein on tax evasion and false statement charges began to come together Tuesday after days of presentations that sometimes felt disjointed.

A Colorado wireless data company can pursue its legal malpractice claims against Hamilton, Brook, Smith & Reynolds PC after the First Circuit ruled the parties had an attorney-client relationship “as a matter of law.”

President Donald Trump’s opinion of Colombia’s leader swung from “sick” to “terrific” as a face-to-face White House meeting eased tensions between the ideological foes.

The Trump administration told the Seventh Circuit that the government is entitled to keep certain immigrants behind bars without a chance at bond, in the second of two arguments before appeals courts involving that issue Tuesday.

The DC appeals court overseeing lawsuits by four Big Law firms against the Trump administration’s punitive executive orders appears to side with the firms in their requests for separate briefings.