(Reuters) – The Bahamas police have arrested former FTX CEO Sam Bankman-Fried, the country’s attorney general said in a statement on Monday, adding that The Bahamas has received formal notification from the United States of criminal charges against him. (Reporting by Jasper Ward in Washington and Brian Ellsworth in Miami)
WASHINGTON (Reuters) – The November U.S. budget deficit jumped by $57 billion or 30% from a year earlier to $249 billion, a record for the month, as revenues fell and outlays for education, healthcare and interest on the public debt rose sharply, the U.S. Treasury said on Monday. Receipts for November fell 10% or $29…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. As investors enter something of a holding pattern ahead of key central bank policy decisions this week, China’s markets are on the defensive after yet another indication that the country’s economic growth engine is far from purring. New…
DETROIT (AP) — Fuel economy for 2021 model year vehicles in the U.S. stayed flat with 2020 as people continued to buy less-efficient trucks and SUVs, according to an annual government report published Monday. The fleet of new vehicles got 25.4 miles per gallon (10.8 kilometers per liter) for the model year, while greenhouse gas…
NEW YORK (AP) — Twitter is once again attempting to launch its premium service, a month after a previous attempt failed. The social media platform said it would let users buy subscriptions to Twitter Blue to get a blue check mark and access special features starting Monday. The company owned by billionaire Elon Musk has…
NEW YORK (AP) — The House Financial Services Committee plans to hold a hearing into the collapse of crypto exchange FTX on Tuesday, but its star witness will be missing. Sam Bankman-Fried was scheduled to testify in front of the House Financial Services Committee, along with the company’s current CEO, John Ray III. However Bankman-Fried…
By Laila Kearney NEW YORK (Reuters) -Oil prices settled up about $2 a barrel on Monday on supply jitters, as a key pipeline supplying the United States closed and Russia threatened a production cut even as China’s loosening COVID-19 restrictions bolstered the fuel demand outlook. Brent crude futures settled at $77.99 a barrel, gaining $1.89…
(Reuters) – FTX CEO John Ray will tell lawmakers on Tuesday that the bankrupt cryptocurrency exchange had “unacceptable management practices” including the commingling of assets and lack of internal controls, according to prepared remarks published by the U.S. House Financial Services Committee. FTX filed for U.S. bankruptcy protection last month and its founder Sam Bankman-Fried…
(Reuters) – Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. Gold is less likely to be influenced by tighter financial conditions, meaning it is “a useful portfolio diversifier,” said Goldman, especially given that gold has developed…
By Michael S. Derby and Howard Schneider (Reuters) – Americans said last month that they are expecting waning inflation pressures over the next few years even as they expect their incomes to perk up, the New York Fed said Monday in its latest Survey of Consumer Expectations. The bank reported that respondents foresee a record…
