Sam Bankman-Fried Faces Lengthy Sentence, Judge Warns
Indicted founder of the now-defunct cryptocurrency exchange FTX, Sam Bankman-Fried, could be looking at an extended sentence if convicted, U.S. District Judge Lewis Kaplan cautioned
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Chicago Fed President Goolsbee Addresses Inflation Concerns
Chicago Fed President Austan Goolsbee affirmed on Thursday the Federal Reserve’s unwavering dedication to combat inflation, emphasizing the central bank’s capacity to curtail rising prices
OpenAI and Jony Ive Forge Historic Alliance for AI Breakthroughs
OpenAI, renowned for its creation of chatGPT, has entered into advanced discussions with former Apple design luminary Jony Ive and SoftBank’s CEO, Masayoshi Son, with
Jefferies Financial Group Sees Modest Q3 Rise
Jefferies Financial Group (JEF) has reported its first quarterly surge in investment banking revenue since the close of 2021, indicating a potential upswing in dealmaking
CarMax Reports Lower Quarterly Profits
CarMax, a prominent player in the preowned car market, reported a dip in its quarterly profits on Thursday, attributing it to a waning demand for
Donald Trump Comments Stir Controversy Amid UAW Strike
Former President Donald Trump made a visit to Michigan on Wednesday night with the ostensible aim of rallying the United Auto Workers (UAW) union at
2023 Code Conference: Roth and Yaccarino of X Face Off
The 2023 Code Conference, which unfolded largely as anticipated, took an unexpected turn in its final hours on Wednesday, as a clash of words between
US Economy Shows Resilience Despite Higher Interest Rates
The US economy has demonstrated remarkable resilience in the face of escalating interest rates, posting a growth of 2.1 percent in annual terms from April
US Unemployment Benefits Tick Up, Economy Remains Strong
The US Department of Labor announced on Thursday that applications for unemployment benefits saw a modest increase, rising by 2,000 to 204,000 for the week
High Mortgage Rates Deter Homebuyers Across the Nation
Homebuyers across the United States are taking a step back from the real estate market as rising mortgage rates erode their purchasing power, casting a
