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Morning rundown: COVID emergency ending; winter storm grounds flights
The federal COVID emergency will officially come to an end this spring; winter weather is again grounding flights nationwide; first responders involved in the Tyre Nichols case have been fired; and an appeals court rules that Johnson and Johnson cannot use a subsidiary to protect itself from lawsuits. These stories and more highlight the daily…
FTX finds $5.5B in liquid assets, SBF again claims company is solvent
The trial for one of the biggest fraud cases in more than a decade is still nearly nine months away. Still, it seems nearly every day new information is uncovered about FTX, the collapsed cryptocurrency exchange. FTX has $5.5 billion in liquid assets This week, FTX reported to creditors that it has recovered $5.5 billion…
FTX founder Sam Bankman-Fried pleads not guilty to slew of criminal charges
Disgraced cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty to a host of criminal charges Tuesday in federal court. The former FTX CEO has been living under house arrest at his parents’ after controversially securing his $250 million bail. Bankman-Fried is charged with illegally funneling funds from FTX customer deposits to prop up his hedge…
You’ve got mail? Here are 5 companies you probably didn’t know still exist
We’ve all had a moment like this. You’re in a dentist office waiting room. You reach for the stack of magazines on the table and think to yourself, “Wait, Reader’s Digest still exists?” We’re taking a look at some of the companies you may not realize are still hanging on in this week’s Five for…
FTX’s Bankman-Fried released on $250M bail, coworkers plead guilty
A judge ruled FTX founder Sam Bankman-Fried could be released on $250 million bail and put under house arrest at his parents’ California home while he awaits trial in New York City on eight federal criminal charges. As Bankman-Fried fights the charges against him, some of his coworkers have already pleaded guilty to fraud charges…
FTX founder Bankman-Fried charged in US, new CEO calls him ‘unsophisticated’
FTX founder Sam Bankman-Fried is facing charges from multiple U.S. agencies after getting arrested Monday night in the Bahamas. Once considered crypto’s white knight, Bankman-Fried’s arrest and charges come one month after his cryptocurrency exchange filed for bankruptcy following a spectacular collapse. The Securities and Exchange Commission on Tuesday charged the fallen CEO in “orchestrating…
US avoids rail strike, Alex Jones files bankruptcy, fentanyl vaccine unveiled
Congress avoids a looming rail strike; Alex Jones files for bankruptcy; and a vaccine is unveiled for fentanyl. These stories and more highlight the midday rundown for Friday, Dec. 2, 2022. Rail strike avoided, Congress bill signed The president has signed a bill that will prevent railroad workers from going on strike, despite their unions…
Bankman-Fried, Holmes not the only infamous billionaires to get busted
Stepping into the limelight as the next up-and-coming billionaire brings a lavish lifestyle and a lot of media attention. But is being called the next Warren Buffett or Bill Gates a compliment or something else? Some wonder if being compared to the Oracle of Omaha in print is a curse, similar to the Sports Illustrated…
FTX books a ‘complete failure’, investors did ‘little homework’ with billions owed
Embattled and bankrupt, cryptocurrency exchange FTX said it owes its top 50 creditors more than $3 billion. The largest single lender is out around $226 million, according to a court filing. As FTX and founder Sam Bankman-Fried continue the fall from grace, contagion is spreading. Almost immediately following the fallout, Solana DeFi lost almost $700…
Oath Keepers’ jury deliberates, Ukrainians face deadly winter
Jurors have started deliberations in an Oath Keepers trial; Ukrainians face deadly winter; and Alabama has paused executions after errors. These stories and more highlight the midday rundown for Tuesday, Nov. 22, 2022. Jurors begin deliberations in Oath Keepers trial A jury is now deliberating in the trial against Oath Keepers founder Stewart Rhodes and four…
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