CNBC: Never seen ‘such a complete failure’ of corporate controls, says new FTX CEO who also oversaw Enron bankruptcy
CNBC reports: Newly appointed FTX CEO John Ray III minced no words in a filing with the U.S. ...
CNBC reports: “Saudi Aramco, the world’s largest initial public offering (IPO), surged past expectations as it debuted on the country’s stock exchange on Wednesday morning. Shares of the state-owned oil company rose to 35.2 Saudi riyals ($9.38) from 32 riyals in early deals in Riyadh, up 10% and hitting their daily limit. It gives it a valuation of $1.88 trillion and makes it the largest listed company in the world.”
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