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close video WATCH LIVE: House Financial Services hearing Investigating the Collapse of FTX The House Financial Services holds a hearing after disgraced FTX crypto founder’s arrest. Current FTX CEO John Ray III laid the blame for the cryptocurrency exchange's collapse on founder and former chief executive Sam Bankman-Fried and his top executives, telling Congress they
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US securities regulators have charged Sam Bankman-Fried with defrauding investors in his recently bankrupt cryptocurrency exchange FTX, the first move in an expected onslaught of criminal and civil charges following his arrest in the Bahamas late on Monday. The Securities and Exchange Commission said on Tuesday it had charged Bankman-Fried with defrauding venture capitalists and
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The U.S. index futures point to a higher open for Wall Street stocks on Monday following a down week. The mood is likely to remain cautious as the market navigates through a trio of key economic catalysts over the week. Recession fears overwhelmed traders in the week ended Dec. 9, dragging the major averages lower.
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BEIJING – Days after most of its Covid-19-related measures were lifted, a massive outbreak has forced parts of Beijing into voluntary quarantine, with hospitals overwhelmed, pharmacies out of cold and fever medication, and well-oiled delivery networks pushed to their limits. Amid the capital citys worst pollution in a year, scores of people were seen lining
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Its a tale of two men vying for the 2024 presidential election.   President Biden hasnt officially announced another White House bid, but his informal reelection rollout is in motion and things have generally been going his way since the midterms gave Democrats a lift.   Biden managed to have the best first-term performance in the midterms
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Microsoft has agreed to buy a £1.5bn stake in London Stock Exchange Group as part of a 10-year strategic partnership between the US software company and the 300-year-old UK bourse. The deal, announced on Monday, marks the latest tie-up between exchanges and Big Tech. In November, Google invested $1bn in Chicago-based CME as part of
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Elon Musk-owned Twitter will be holdinga year-end auction to eliminate some of the surplus items it has in its San Francisco office. The items in the auction are listed on the website BidSpotter under the heading "Online Auction Sale Featuring Surplus Corporate Office Assets of Twitter,"reportsFortune. Twitter will sell kitchen equipment, electronics, furniture, and memorabilia
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