John Jay Ray III took control of the failed cryptocurrency exchange FTX in the small hours of November 11. Ray was asked
Tag: Financial Markets
US confidence rebounds, ending year on high note | Business and Economy News
Despite high inflation, rising interest rates and a possible recession, US consumer confidence saw a sharp rebound. The confidence of American consumers
US housing market slump deepens for 10th month in November | Business and Economy News
The housing market slump deepened in November as sales of previously occupied US homes slowed for the 10th consecutive month – the
FTX founder Sam Bankman-Fried paves way for extradition | Crypto News
Bankman-Fried has signed legal papers paving the way for his extradition to the US from the Bahamas. FTX founder Sam Bankman-Fried has
US sees biggest drop in retail sales in 11 months | Business and Economy News
United States retail sales fell more than expected in November, but consumer spending remains supported by a tight labour market, with the
US Fed hikes interest rates by 0.5 percent, says more to come | Business and Economy News
The US central bank projected interest rates rising to 5.1 percent in 2023, higher than what investors expected. The US Federal Reserve
HSBC to stop funding new oil and gas projects | Business and Economy News
HSBC said it would continue to finance energy companies at the corporate level to help them overhaul their businesses HSBC will stop
Binance withdrawals hit $1.9bn in past 24 hours says data firm | Crypto News
The world’s biggest cryptocurrency exchange said it had ‘temporarily paused’ withdrawals as CEO said it was ‘business as usual’. Binance has registered
US charges FTX’s Bankman-Fried with fraud | Crypto News
US federal prosecutors on Tuesday are alleging Sam Bankman-Fried committed fraud and violated campaign finance laws, and, in addition, the founder and
Former CEO of failed FTX says he’s willing to testify to Congress | Crypto News
Sam Bankman-Fried responds to a series of tweets from the chairwoman of the US House Financial Services Committee. The former CEO of
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