By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried, the former billionaire cryptocurrency wunderkind, is set to be sentenced on Thursday over his conviction for stealing $8 billion from customers of the now-bankrupt FTX exchange he founded. Bankman-Fried, 32, faces the prospect of decades behind…
Chinese leader Xi Jinping has told Dutch Prime Minister Mark Rutte that “no force can stop China’s scientific and technological development.” Xi’s comments come as a chip war rages between China and Western countries, including the Netherlands, which is home to ASML — the world’s sole manufacturer of extreme ultraviolet lithography…
USD/CAD pushes higher on USD strength after Fed officials advocate caution in cutting interest rates. Oil remains bid despite higher inventories as official government figures moderate previous data. BoC could turn dovish at the next meeting on lower inflation and negative growth outlook. USD/CAD continues channeling higher, up by almost…
Although Bitcoin (BTC) has already gained nearly 70% in 2024, shares of Argo Blockchain, a cryptocurrency mining company publicly listed in London and the USA, are scraping the bottom, falling by 55%. The company’s solution to some of its problems and shareholder discontent is selling its data center in Mirabel,…
Home Depot on Thursday said it is acquiring SRS Distribution in a $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals.The home improvement retailer expects the deal to close this fiscal year, which ends…
Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back
While prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that’s roughly 90% shorter.Bankman-Fried’s fate will be announced in Manhattan on Thursday morning by Judge Lewis Kaplan, who presided over…
By Jeff Mason WASHINGTON (Reuters) – President Joe Biden will get a…
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A look at the day ahead in U.S. and global markets from…
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Sushi price flips the $1.628 resistance level into a support floor after…
POLITICS
View MoreOne day after the Supreme Court heard arguments in the first abortion-related case since Roe v. Wade was overturned, retired Justice Stephen Breyer told CNN that the justices will be forced to consider abortion “more and more and more.” In an interview with CNN’s Wolf Blitzer, Breyer chided the conservative majority for believing that the “harmful” Dobbs decision in 2022 would put an end to Supreme Court cases challenging abortion access. “The majority thinks it’s going to turn the whole issue over to the legislatures of states, and we’ll never have to deal with it again,” Breyer said of the landmark decision. “’Oh really,’…
Sometimes when a president needs a hand, only another president – or another two – will do. President Joe Biden’s bid for a second term and reelection campaign coffers will…
Democrats have been growing increasingly anxious about public polls showing former President Donald Trump making unprecedented inroads among Black and Hispanic voters. But there may be reasons for Republicans to…
Lieberman describes the ‘hardest thing’ he’s ever done in public life (1998) In a 1998 interview with Larry King, Sen. Joe Lieberman (D-CT) describes how calling former President Bill Clinton…
Markets
View MoreBy Simon Jessop LONDON (Reuters) – UBS will look to increase lending to the shipping sector and run off some…
Finance
View MoreA former Apple employee says the company is facing a “battle for the soul,” per WSJ.His thoughts come as Apple faces a DOJ’s anti-trust lawsuit and a…
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Investing
Several New England universities and colleges have reached a pinnacle of at least $90,000 for undergraduate tuition and costs starting this fall. Yale University, Tufts University, Boston University (BU), and Wellesley College are among a few private institutions that will top this year’s costs for tuition, housing and other expenses, according to…
Economy
By Matt Tracy WASHINGTON (Reuters) – U.S. banks with significant lending exposure…
Fintech
Treasury Secretary Janet Yellen on Wednesday warned that China is treating the…