NEW YORK — FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform as a judge set a tentative trial date for October. Bankman-Fried, 30, denied charges ...
Wall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008. The benchmark index finished with a loss of 19.4 percent for 2022, or 18.1 percent, including dividends. It’s just its third annual decline since the ...
KINGSHILL, U.S. Virgin Islands — President Joe Biden on Thursday signed a $1.7 trillion spending bill that will keep the federal government operating through the end of the federal budget year in September 2023, and provide tens of billions of dollars in new aid to Ukraine for its fight ...
LOS ANGELES — Owning Tesla stock this year has been anything but a smooth ride for investors. Shares in the electric vehicle maker are down nearly 70 percent since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks. By comparison, the ...
JEFFERSON CITY, Mo. — State governments emerging from the coronavirus pandemic built historic cash surpluses as inflation in prices and wages drove up sales and income tax collections. Now many states are reaping another reward: banking millions of dollars off those surpluses as the ...
Wall Street pointed slightly higher in premarket trading Friday as investors await the government’s final inflation-related report of the year. Futures for the S&P 500 rose 0.2% and futures for the Dow Jones Industrials were up 0.3%. On tap Friday is the Commerce Department’s consumer spending report for November, which includes measure of inflation that is closely monitored by the Federal Reserve. The report for October showed that inflation eased somewhat, with prices rising 6% in October from a year earlier. That was the smallest increase since November 2021. Analysts ...
