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The Latest Breaking News from Enron

VinFast shares tanks after Jim Chanos brands it a 'meme stock'

The Wall Street speculator that famously bet against Enron this time took aim at the inflated value of VinFast, the world's third largest carmaker by market cap.

Fortune

Did Fitch ditch its credibility by playing politics? Here’s why ratings agencies have a knack for getting it wrong

A review of the ratings agencies’ track record suggests that they are not very good at their raison d’être: giving ratings.

Fortune

22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a 'completely unacceptable' state

In 2001, the Big Five became the Big Four, and now the PCAOB again finds "audit quality is moving in the wrong direction"—a 40% error rate.

Fortune

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read the most diverse news in one place.

‘Succession was like coming home’: Lucy Prebble on life inside TV’s greatest show

The Enron playwright felt her career was floundering when the call came from Jesse Armstrong’s acclaimed series and changed everything. She talks about why writing is a lonely calling, and the problem with ‘grandparent-pleasing’ theatre

The Guardian - UK

3 Top 100 Stocks To Buy I Could Get on Board With

Two of the three top 100 stocks to buy I could get behind are construction-related. The third is a beautiful long-term hold that ought to continue to grab a larger share of the beauty industry.

Barchart

Q&A: Director Alex Gibney on ‘Boom! Boom! The World vs. Boris Becker’ Documentary

The filmmaker behind Apple TV’s upcoming release discusses the German tennis star’s whirlwind story, the making of a sports documentary and more.

Sports Illustrated

Notable Twitter accounts that say they won’t pay for verification

From April 1, Twitter users will have to pay for a blue check mark

Evening Standard

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WeWork mugs for $500: 10 of the strangest merch items from companies that crashed

FTX fortune cookies and Theranos gift cards offer souvenirs from recent business disasters

The Guardian - US

Is Blockbuster video about to make a comeback?

The mysterious reactivation of the long-moribund brand’s site, accompanied by a cryptic message, has fans asking if a mighty return is on the cards

The Guardian - US

The 10 most baffling Oscar victories

Helen O’Hara unveils some of the greatest injustices at the Academy Awards

The Independent UK

Trump’s attorney hires his own attorney in classified documents probe

Michael Levy previously represented Enron executives.

The Independent UK

How Gautam Adani selloff stacks up against the biggest stock collapses

NEW DELHI: The magnitude of the plunge in stocks tied to Indian billionaire Gautam Adani is rivaled by only a handful of short-seller campaigns in history.

The Times of India

Short seller Jim Chanos warns Tesla bulls the good times are over—permanently

The investor that made a name on Wall Street shorting Enron believes Tesla could see its earnings per share this year nearly cut in half.

Fortune

The 10 most baffling Oscar wins

Helen O’Hara unveils some of the greatest injustices at the Academy Awards

The Independent UK

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The Guardian - US

Seth Meyers on Sam Bankman-Fried: ‘A guy who looks the way Cheeto dust smells’

Late-night hosts discuss Sam Bankman-Fried’s arrest for alleged FTX fraud, Ron DeSantis’s vaccine conspiracies and Elon Musk’s Twitter not paying rent

The Independent UK

New FTX CEO says lax oversight, bad decisions caused failure

The new CEO of the cryptocurrency exchange FTX is appearing before a House committee Tuesday, detailing for lawmakers the lack of oversight and financial controls that he discovered since taking over the company a month ago

The Independent UK

Who Sam Bankman-Fried was going to blame for FTX’s collapse – until his arrest

Founder and CEO of cryptocurrency exchange could not appear before Congress

The Independent UK

Bankman-Fried to face off with lawmakers over FTX collapse

The former CEO of the failed cryptocurrency firm FTX will testify before a Congressional committee Tuesday, his first appearance under oath since FTX filed for bankruptcy roughly a month ago

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news in one place.

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St. Louis Post-Dispatch

Editorial: The FTX saga is hard to understand, but the greed behind it isn't

Back in 2001, precious few Americans could have explained what Houston-based Enron did as a company and how it got so spectacularly wealthy. But when it filed for a record-breaking bankruptcy, Americans got schooled fast about not putting their trust and money behind swaggering, fast-talking con artists. But fools and…

Axios

Crypto's Enron-sized scandal threatens to undermine its core reason to exist

The crypto industry was already facing a trust deficit, and this has set it back far.

Fortune

Former FTX users say the failed crypto exchange was a 'Ponzi scheme.' Here's how Ponzis work

SBF, as Bankman-Fried was often called, says he didn’t commit fraud. But bankruptcy specialists say the findings so far are ‘pretty devastating.’

Reason

Did Sam Bankman-Fried's Millions Buy the Media's Loyalty?

The mainstream coverage of SBF and FTX is more than a little blasé.

The Guardian - UK

Polyamory, penthouses and plenty of loans: inside the crazy world of FTX

After the crypto firm collapsed, the executive who handled the Enron debacle was brought in – and said he’d never seen anything like it

Fortune

The FTX crash could be the start of a 'gold rush' for crypto lawyers

Lawyers with specialties in digital assets are giving way to experts in restructuring. “There's going to be a lot of work.”

Fortune

Tech venture capital fueled FTX’s rise—and bears some responsibility for its downfall

Mounting evidence shows VC firms ignored major warning signs and failed to take basic risk-mitigation steps.

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