Bloomberg News News

Tupperware Brands is preparing to file for bankruptcy as soon as this week, Bloomberg News reported on Monday, citing people with knowledge of the plans. The company's shares were down 15.8% at 43 cents after the bell. They closed down 57%. Founded in 1946 by chemist Earl Tupper, the company's popularity exploded in the 1950s as women of the post-war generation held «Tupperware parties» at their homes to sell food storage containers as they sought empowerment and independence.

Changpeng “CZ” Zhao, a few months out of prison and worth US$70 billion thanks to the relentless crypto rally, is turning the former venture capital arm of his Binance Holdings Ltd. into a family office.

President-elect Donald Trump is poised to sign a flurry of executive orders as soon as he's sworn in, but imposing tariffs on U.S. trading partners won't be one of the actions Monday.

Netflix Inc's foray into live sports streaming with the boxing match between Mike Tyson and Jake Paul drew a massive global audience that peaked at 65 million viewers but resulted in thousands of complaints from viewers about connection problems and frozen screens. «We crashed the site,» said Paul after claiming victory over the 58-yr-old Tyson. «This is the biggest event.» In an internal company memo seen by Bloomberg News, chief technology officer Elizabeth Stone said the bout drew a maximum of 65 million viewers at any one time, rivaling some of the most-watched sporting events. Some of those viewers took to social media to vent their frustration over glitches in streaming the highly-anticipated showdown. More than 100,000 users reported network issues on the Downdetector website throughout the livestreaming, commenting on slow buffering and network issues. Netflix declined to comment on the outcome of the event. -Bloomberg

Tokyo's Nikkei index shed more than three percent on Monday, after weaker than expected US jobs growth and speculation over a Fed rate cut caused global markets to slump. The benchmark Nikkei 225 was down 3.02 percent, or 1,098.77 points, at 35,292.70 in early trade, while the broader Topix index fell 2.67 percent, or 69.28 points, at 2,528.14.

Bilt Rewards, the customer-loyalty program provider that converts rental payments into points for airline miles, hotel stays, restaurant meals and other perks, has raised US$150 million in additional equity funding led byOntario Teachers’ Pension Plan. 

Premarket trading was mixed on Wall Street Thursday, one day after the technology sector took a drubbing on worries over potentially worsening trade tensions with China

Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies

Stocks that traded heavily or had substantial price changes on Wednesday: ASML, Five Below fall; J&J, V

By Martin Coulter

OpenAI CEO Sam Altman is visiting South Korea on Friday and meeting leaders of chipmakers Samsung Electronics and SK Hynix, two sources with knowledge of the matter said. Altman is expected to discuss potential partnerships for making chips, the sources said, declining to be identified.

(Reuters) — Amazon.com (NASDAQ:AMZN)'s streaming unit Twitch is set to cut 35% of its staff, or about 500 workers, Bloomberg News reported on Tuesday, citing people familiar with the plans.

Robinhood Markets Inc said on Thursday it has launched commission-free crypto trading to customers in the European Union. «It is the only custodial crypto platform where customers will get a percentage of their trading volume back every month, paid in Bitcoin (BTC),» Robinhood said in a blog post. The app will allow European investors to buy and sell more than 25 cryptocurrencies, including Bitcoin, Ether and Solana's SOL. The launch comes a week after Robinhood announced it will roll out brokerage services in the UK as part of an international expansion plan to «democratise finance» and increase access to markets.

Top management of artificial intelligence company, OpenAI, are scrambling to “reunify” the organization following the dramatic ousting of co-founder, Sam Altman.

Rockstar Games, a division of Take-Two Interactive Software Inc., plans to announce the next highly anticipated Grand Theft Auto game as early as this week, according to people familiar with its plans.

(Reuters) — U.S. asset management giant Vanguard Group has sold its 49% stake in a joint venture with Jack Ma-backed Ant Group Co, Bloomberg News reported on Tuesday, citing people familiar with the matter.

(Reuters) — The U.S. securities regulator is investigating how Twitter managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought the social media platform last year, Bloomberg News reported.

(Reuters) — Walgreens Boots Alliance (NASDAQ:WBA) is considering former Cigna (NYSE:CI) executive Tim Wentworth to be its next chief executive, Bloomberg News reported on Friday, citing people familiar with the matter.

(Reuters) — «Fortnite» maker Epic Games is laying off about 900 employees, or 16% of its staff, Bloomberg News reported on Thursday.

The interim judicial managers of embattled crypto lender Hodlnaut have opposed the takeover terms from OPNX, a digital asset exchange associated with the founders of failed hedge fund Three Arrows Capital.