Amazon could be the largest retailer in 2024, according to a report while FTX is suing former disgraced CEO Sam Bankman-Fried to retrieve funds. And the Directors Guild of America members voted in favor of a new contract.

<div class="block">Amazon could be the largest retailer in 2024, according to a report while FTX is suing former disgraced CEO Sam Bankman-Fried to retrieve funds. And the Directors Guild of America members voted in favor of a new contract.</div>

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Biz Headlines: Amazon Could be Largest Retailer in 2024, FTX Sues Former CEO, Directors Guild Approve Contract

All right, let's get to the business headlines that you need to know today. JP Morgan analysts say that Amazon is on track to dethrone Walmart as the US S largest retailer in 2024. Now this change comes after JP Morgan. Analysts estimate Amazon's gross merchandise volume will grow to 477 billion in 2023 and have solid growth in under penetrated categories like groceries and apparel plus faster delivery speeds with 2023 tracking towards Amazon's fastest delivery speeds ever. Analysts also pointed out that Amazon will benefit from increased business to business capabilities and new fintech offerings like buy with prime and chat GP T style product searches. Fx's new management is looking to retrieve more than $700 million from former disgraced crypto mogul Sam bank freed for allegedly using the money to buy influence amongst celebrities. Now, a lawsuit filed last week claims that bank freed met Michael Knives, former Hollywood agent turned investor and ex aide to Hillary Clinton and Knives then help bank free make connections and the crypto mogul allegedly authorized the transfer of $700 million to Knives K five entities throughout 2024. According to the lawsuit and the directors Guild of American members ratified a new contract with 87% of members in favor of the new provisions on Saturday. The agreement included a 70 75% increase and foreign streaming residuals. Actually, they say that plus this also included provisions on A I and family leave. And the GDG A has become the first of the industry unions to secure a new deal with studios. In a statement, the Guild president Leslie Link said that a new contract secures gains on wages, global streaming, residuals, safety, diversity, and creative rights that build for the future and impact every category and every member of their guild.