FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion

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Caroline Ellison, who headed a hedge fund affiliated with doomed crypto exchange FTX, testified against her former boyfriend Sam Bankman-Fried at trial.
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Bank of Japan holds rates at 0.25%, yen weakens

The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%.
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December 19, 2024

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Trump joins Elon Musk in opposing House GOP’s government funding bill

President-elect Donald Trump came out against a government funding bill backed by Republican House Speaker Mike Johnson.
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December 19, 2024

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Expectations on Fed cuts were the lethal blow to markets

Wednesday’s dramatic sell-off in markets is a stark reminder that forecasts influence stock movements much more than current circumstances.
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Chinese self-driving trucking company pivots to generative AI for video games

Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.
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FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion

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