On the same day that that the Bahamas extradited FTX co-founder and former CEO Sam Bankman-Fried to the U.S. to face criminal charges, two former executives at FTX and Alameda Read more
Tag: government policy
Federal spending bill’s pandemic provisions: more public health data, no investigation into COVID’s origin
COVID-19 cases are once again rising in the U.S., but how prepared are we for the next pandemic? That’s a question worth asking. The $1.7 trillion omnibus spending bill presented Read more
China predicts COVID ‘normalcy’ within months, but experts forecast more than 1 million deaths
China’s closely watched reopening is now causing concern as the number of new COVID-19 cases grows and the country reports the first deaths in several weeks. Much of the news Read more
Wells Fargo ordered to pay $3.7 billion for alleged mismanagement of auto, mortgages and deposit accounts
The Consumer Financial Protection Board (CFPB) on Tuesday said it is requiring Wells Fargo & Co. to pay $3.7 billion for alleged widespread mismanagement of auto loans, mortgages and deposit Read more
House Jan. 6 select committee expected to advise Justice Department to hit Trump with criminal charges
WASHINGTON (AP) — The House Jan. 6 committee is wrapping up its investigation of the violent 2021 U.S. Capitol insurrection, with lawmakers expected to cap one of the most exhaustive Read more
White House preps fresh push to urge COVID preparedness ahead of holidays, including free tests for all households
The White House has unveiled a fresh push to increase COVID preparedness heading into the holidays and will again make free tests available to Americans, after a three-month hiatus. Starting Read more
Elon Musk says he’s taking ‘legal action’ against owner of Twitter account that tracked his plane
Twitter owner Elon Musk has gone back on a “commitment” made just over a month ago. Since taking over Twitter, Musk has vowed to make the platform more oriented to Read more
SEC votes to propose major overhaul of U.S. stock-trading rules
The Securities and Exchange Commission on Wednesday voted to propose a package of rule changes, including measures that could affect, but not block, the controversial practice known as payment for Read more
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
The last 12 months was a year of fast-rising inflation, fast-rising interest rates and fast-rising questions about a future recession. Prices went up while stock markets and savings account balances Read more
SEC charges Sam Bankman-Fried with defrauding investors in now-bankrupt FTX
The Securities and Exchange Commission on Tuesday charged Samuel Bankman-Fried with committing fraud after raising $1.8 billion from investors, as the U.S. government hammer came down on the founder and Read more