United States

DOJ watchdog calls for review over fraud crypto crypto

John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images The Department of Justice has requested that an independent examiner be appointed to review “substantial and serious fraud, dishonesty” and “incompetence” after the implosion of …

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BlackRock’s iShares on how to invest in an environment of higher rates

BlackRock’s ETF division says the investing environment has fundamentally changed, which has “profound implications” for portfolios looking ahead. In its 2023 investor guide, Blackrock’s iShares, one of the largest providers of exchange-traded-funds in the world, said the era of cheap money is over, and the higher-rates-for-longer regime is here to stay. “Elevated levels of inflation …

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Antonio Brown: Tampa Police issue arrest warrant for former Buccaneers receiver after domestic incident

CNN  —  The Tampa Police Department has issued an arrest warrant for former NFL player Antonio Brown after a “domestic battery incident with a woman,” police said in a statement. Police say the former Tampa Bay Buccaneers wide receiver was allegedly involved in a verbal altercation with the victim at a home in South Tampa …

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S&P 500 futures fall slightly as investors await Friday’s US jobs data

S&P 500 futures were slightly lower Thursday night as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.15%. Dow Jones Industrial Average futures were lower by 0.15% and Nasdaq 100 futures fell 0.25%. Shares of tech companies were on the move in after-hours trading following quarterly results. …

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November job growth slowed but will still show strength despite layoffs

Workers sort packages at a FedEx Express facility on Cyber ​​Monday in Garden City, New York, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | Getty Images Job growth in November was expected to have slowed while remaining strong, even in the face of layoffs and job freezes at major companies. The economy is …

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Racism backlash erupts as William and Kate visit Boston

LONDON (AP) — Prince William’s office said “racism has no place in our society” as he sought to prevent the backlash over his godmother’s treatment of a Black advocate for survivors of domestic abuse from overshadowing his trip to the United States. Lady Susan Hussey, 83, resigned Wednesday as an honorary member of the royal …

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Employees to shift focus to ‘career cushioning’ as job cuts rise

Holger Scheibe | The Image Bank | Getty Images The rate of job cut announcements at US employers in November was more than five times greater than a year ago, according to a report by Challenger, Gray & Christmas. Overall, US-based firms announced 76,835 job cuts in November, led by the technology sector. So far …

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10-year Treasury yield slides as traders weigh Fed policy outlook

Treasury yields declined on Thursday as traders digested comments from US Federal Reserve Chair Jerome Powell on interest rate policy plans and looked ahead to key economic data. The yield on the benchmark 10-year Treasury fell to 3.603%, losing 10 basis points. the 2-year Treasury yield was last at 4.326% after declining by more than …

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Biden to greet Prince and Princess of Wales while in Boston

CNN — President Joe Biden will greet the Prince and Princess of Wales while in Boston for a fundraiser Friday, the White House said Wednesday. The Royal couple is visiting Boston for the second annual Earthshot Prize Awards Ceremony, an ambitious initiative founded by Prince William to help tackle some of the planet’s most pressing …

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Russian oil sanctions are about to kick in. And they could disrupt markets in a big way

European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine. Andrey Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil are set to be “really disruptive” for energy markets if European nations fail to set a cap on …

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