Debt

Sam Bankman-Fried was just the start

Get ready for what will feel like an inescapable wave of corporate fraud.

Twitter has made its first interest payment on its more than $12.5 billion in looming debt, according to reports from Bloomberg and

The ongoing Chapter 11 bankruptcy of FTX is still trying to claw back the billions of dollars needed to make customers and investors whole. One problem with this lofty goal is the nearly 10 million FTX customers who still had funds on the exchange before its collapse are apparently being lumped in with FTX employees’…

Good morning. I'm Phil Rosen, reporting from Los Angeles. 

The good weather here has left me postponing my return to wintry New York. After weeks of sunshine, a few seconds of Manhattan air just might give me frostbite at this point.

And speaking of cold hard reality, the Wall Street Journal reported that Elon Musk is trying to raise fresh funds to pay off some of the pricier bits of his $13 billion Twitter loan.