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FTX collapse: Genesis denies it is on the brink of bankruptcy

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Camouflage surrounds the future of Genesis crypto lender.

Bloomberg News The company has reportedly warned investors that it could file for bankruptcy if it doesn’t find new cash quickly. Genesis has spent the past several days looking for at least $1 billion in fresh capital, the news outlet reported, citing anonymous sources.

The warning stems from the company’s exposure to cryptocurrency exchange FTX, which was filed under bankruptcy laws.

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But a Genesis spokesperson told TheStreet that the Bloomberg News article is not accurate and that the platform has no intention of filing for bankruptcy.



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Lowe’s confirms 2022 profit targets and reveals $15 billion buyback

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Lowe’s comp (a little) – Get a free report It unveiled a new $15 billion stock buyback plan on Wednesday, while confirming full-year earnings targets, ahead of its annual investor event in New York.

Lowe’s, which posted better-than-expected third-quarter earnings thanks to higher home improvement demand, said it has approved a new $15 billion buyback that adds to the previous program’s balance of $6.4 billion as of Dec. 6.

The group also confirmed its full-year earnings targets, which include earnings of $13.65 to $13.80 per share and revenue in the region of $97 billion and $98 billion. Lowes said same-store sales will be either flat or down 1% from 2021 levels.

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Barclays Names Currie Chief Operating Officer via Reuters

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© Reuters. FILE PHOTO: The Barclays logo appears in front of the stock chart shown in this illustration taken on June 21, 2017. REUTERS/Dado Rovik/Illustration/File Photo

By Lawrence White

LONDON (Reuters) – Barclays said it appointed Alistair Currie as its chief operating officer on Wednesday, while chief executive CS Venkatakrishnan shuffled the ranks of its executive committee.

Corey replaces Mark Ashton Rigby, who will be stepping down and advising the Bank on a part-time basis.

Corey had headed the lender’s retail banking and payments business and will be replaced in that role by Wim Maru, who joins from Lloyds Banking Group (LON:).

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Changes come at a time when Barclays (LON:) “The executive committee of senior managers has gained prominence in the bank’s management, while Venkatakrishnan is being treated for cancer.

The chief executive, known within the British bank as Venkat, said last month that he would undergo 12-16 weeks of treatment for non-Hodgkin lymphoma, but that his prognosis was good.

Currie, the new chief operating officer, will, in addition to this role, run BX, the bank’s name for his company-wide company that provides technology and other support services to all parts of the business.

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A lawsuit says the popular Apple device puts women at risk

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Technology has made our lives increasingly more convenient.

How many phone numbers do you know off the top of your head?

Probably not much, since our phone technology has eliminated the need to keep track of all those numbers.

But progress has a cost, and for most modern technologies, the cost is either your privacy or your security.

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Enter Apple (AAPL) – Get a free report.

Apple has undoubtedly been one of the biggest players in the transition to the digital age. The iPhone revolutionized mobile phones and the company has been in the fashion industry for decades now.



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