FTX founder Sam Bankman-Fried faces a maximum possible sentence of 110 years in prison under federal sentencing guidelines for the massive fraud conspiracy that led to the collapse of his cryptocurrency exchange and a related hedge fund, a judge ruled Thursday. Judge Lewis Kaplan increased the sentencing guidelines range for Bankman-Fried after finding that he
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In this article RDDT Follow your favorite stocksCREATE FREE ACCOUNT The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares are plummeting after experiencing a rally stemming from the social media
The presidents of France and Brazil – both wearing white open-necked shirts – have been pictured smiling warmly at each other and embracing, with social media users calling it a “bromance”. Luiz Inacio Lula da Silva clutched Emmanuel Macron’s hand as he led him through some difficult terrain on the island of Combu in the
Tesla (TSLA) is about to finish its quarter, and it is a confusing one for Wall Street. Delivery estimates are all over the place. We reported earlier this month on Tesla analysts falling over themselves to downgrade their delivery estimates for the quarter. Tesla has been growing deliveries at a roughly 50% rate per year
US President Joe Biden’s presidential election campaign is set to raise $25m (£19.7m) due to a star-studded event that will be attended by more than three decades of Democratic leadership. Mr Biden’s campaign team claim the figure is a record. Former Democratic presidents Barack Obama and Bill Clinton will be standing alongside Mr Biden at
Adriana Garcia Mar 28, 2024, 06:08 AM ET Open Extended Reactions Georgia qualified for Euro 2024 on Tuesday, the country’s first major tournament. GIORGI ARJEVANIDZE/AFP via Getty Images Georgia‘s players will be decorated with the country’s Order of Honor following their historic qualification for Euro 2024. Manager Willy Sagnol’s side won 4-2 in a penalty shootout
Energy bills are projected to fall by less than expected this summer and autumn due to an increase in wholesale prices, according to a closely-watched forecast. The energy price cap projection in both quarters – July to September and October to December – has risen by around 7% since predictions made last month. This means
High margins for fuel retailers may mean drivers are still paying over the odds at the pump, according to the competition regulator. In a monitoring report, following its fuel market study of 2022, the Competition and Market Authority (CMA) said fuel margins – the difference between what retailers pay for their fuel and the price
Travelling England and Scotland football fans have been warned of the strength of German beer ahead of Euro 2024. Official guidance from the Foreign, Commonwealth and Development Office (FCDO) has urged people to “drink responsibly” during their time on the continent for this summer’s tournament. It warned that drunk and rowdy football fans could face
The US military has finished draining millions of litres of fuel from a hidden government storage installation in Hawaii that poisoned thousands of people when it leaked jet fuel into Pearl Harbor’s drinking water in 2021. The Red Hill Bulk Fuel Storage Facility has supplied fuel to military ships and planes navigating the Pacific Ocean
HD Hyundai Infracore (HDI) is set to debut a new, 35 kWh lithium phosphate battery pack to power the next generation of electrified commercial equipment. While the new HD Hyundai lithium phosphate battery isn’t technically out yet (it will officially bow at Intermat 2024 at Paris-Nord Villepinte next month), the battery pack has been in
Greater Manchester Police has said it is “reassessing” its decision not to investigate allegations made against Labour’s deputy leader Angela Rayner over her living arrangements after receiving a complaint. The Labour MP has come under the spotlight in recent weeks over the sale of an ex-council house she previously owned in Stockport, having been accused
The melting of polar ice due to human-driven climate change has slightly slowed the Earth’s rotation – and it could affect how we measure time, according to a study. Although the disappearance of the ice has reduced the speed of the planet’s rotation, the Earth is still spinning a bit faster than it used to.
In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT An oil pumpjack in a field in Grandfalls, Texas, on March 24, 2024. Brandon Bell | Getty Images Crude oil futures fell for a second day Wednesday as U.S. crude stockpiles rose. The West Texas Intermediate contract for May delivery dipped 11 cents, or
Elon Musk says that Optimus, Tesla’s general-purpose humanoid robot, should cost “less than half the price of a car”. A few months ago, Tesla unveiled “Optimus Gen 2”, a new generation of its humanoid robot that should be able to take over repetitive tasks from humans. The new prototype showed a lot of improvements compared
Millions of people are being urged to send meter readings to their energy supplier this weekend to ensure they don’t overpay. The regulator’s price cap drops 12.3% on Monday 1 April, from a typical £1,928 per year for a dual-fuel household to £1,690 – an average saving of about £20 per month. Money blog –
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Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) while ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images Reddit’s post-IPO rally continues,
Shares in former US president Donald Trump’s media firm have soared on their stock market debut in New York, leaving his majority holding worth more than $5bn (£4bn) on paper. Trump Media & Technology Group (TMTG), the vehicle for his social media rival to X called Truth Social, gained 40% when trading got under way
First-time buyers are being offered the chance to pay a modest £5,000 deposit and potentially borrow up to 99% of a property’s value. The mortgage from Yorkshire Building Society is valid on places up to £500,000 and comes without a fee – but there are a few key exceptions. Money blog – latest updates It’s