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FTX founder Sam Bankman-Fried set to face market manipulation probe

FTX founder Sam Bankman-Fried set to face market manipulation probe

Federal prosecutors are investigating whether FTX founder Sam Bankman-Fried manipulated the market for two cryptocurrencies last spring, causing them to crash and creating a domino effect that ultimately caused his own exchange to implode. cryptocurrency last month, according to two people with knowledge of the matter. US prosecutors in Manhattan are investigating the possibility that …

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Remaking the Market: West Side Market vendors share renovations, concerns and hopes for the transition

Remaking the Market: West Side Market vendors share renovations, concerns and hopes for the transition

The market is nearing the end of its current stage in the 10-month plan to transition to a nonprofit organization. CLEVELAND — On Tuesday evening, West Side Market Advisory Board and Consultant Ted Spitzer, spearheading the 10-month master plan to transition the market to non-profit ownership, finalized the mission, vision and values of Cleveland Public …

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Wealthy Chinese keep spending while others cut spending, survey finds

Wealthy Chinese keep spending while others cut spending, survey finds

Pictured is a science fiction-themed installation at Maison Hermes in Shanghai, China, November 28, 2022. Edition of the future | Edition of the future | Getty Images BEIJING — Wealthier Chinese were more likely to spend this year, while poorer people cut spending even more, McKinsey and Company found in a survey released Thursday. The …

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big moon lander in art, against a hill on the moon. an astronaut stands next to it to show the vast size difference

NASA’s new lunar lander competition heats up with Blue Origin, Northrop Grumman

NASA’s latest lunar lander competition round saw a huge shake-up of the team. In the second Human Landing Systems (HLS) bidding process, former collaborators Northrop Grumman and Blue Origin are now part of different teams vying for the lunar transport of future astronauts under the Artemis program. And this time, SpaceX is not among the …

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Layoffs: Companies copy others 'in almost blind imitation', says professor

Layoffs: Companies copy others ‘in almost blind imitation’, says professor

Evercore ISI Managing Director Mark Mahaney reveals which stocks could outperform if the US economy is hit by a recession on “Varney & Co.” The number of companies implementing layoffs is growing, with most citing tough economic conditions and recession fears as the driver. Even with high borrowing rates and persistent inflation, Jeffrey Pfeffer, a …

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Stocks and bond yields fall as US data clouds Fed rate outlook

Stocks and bond yields fall as US data clouds Fed rate outlook

Wall Street extends losses as recession worries mount Crude oil at lowest since January Bank of Canada signals slowing pace of rate hikes China eases COVID rules but imports and exports slump http://tmsnrt.rs/2yaDPgn NEW YORK/MILAN, Dec 7 (Reuters) – Global stocks fell further and Treasury yields fell on Wednesday as U.S. worker productivity data beat …

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