Usa Financial News

The FTX affair continues to unravel. Sam Bankman-Fried, the former CEO of the failed crypto exchange, will be held in jail through the end of his two upcoming trials. Judge Lewis Kaplan ordered the revocation of the entrepreneur’s $250 million bail following The New York Times report about his alleged attempt to intimidate witnesses. Bankman-Fried faces 12 criminal charges spread across two trials scheduled to begin in October 2023 and March 2024.

The United States Attorney’s Office has released a new superseding indictment against former FTX CEO Sam Bankman-Fried, which includes allegations of campaign finance law violations as part of a wire fraud scheme.

Bankrupt crypto lender Celsius can start sending out ballots to its customers for a vote on a proposed settlement plan that would see a consortium called Fahrenheit buy Celsius’ assets and launch a new company. That company would distribute Celsius assets and equity in the new company to its customers. 

Netflix's acclaimed series, The Sandman is poised to make its tangible debut in the United Kingdom through a DVD and Blu-Ray release on November 27, 2023. News of this anticipated release emerged on August 11, initially catching the eye on Amazon's UK platform. This unveiling came in the form of region-free pre-order options for both Blu-Ray and DVD versions, priced at £30 and £20, respectively. The description for the forthcoming series release reads, «Drawing inspiration from the beloved, award-winning DC comic series penned by the masterful Neil Gaiman (known for works like American Gods and Coraline), THE SANDMAN weaves a captivating tapestry of rich characters, mythical elements, and dark fantasy.” “Unfolding over ten enthralling chapters, plus an extra episode featuring two cherished fan-favorite narratives, the story follows the intriguing escapades of Dream (portrayed by Tom Sturridge, acclaimed for roles in Sweetbitter and Velvet Buzzsaw), a cosmic entity of immense power who governs the realm of dreams,” it added. “Unexpectedly ensnared and imprisoned for more than a century, Dream embarks on a multidimensional odyssey across diverse worlds and timelines. His mission: to mend the turmoil ensuing from his prolonged absence,» it further said. Scheduled for a runtime of 8 hours and 23 minutes, this physical release will be proudly distributed by the renowned Warner Bros. The promotional artwork accompanying the Amazon listing notably showcases the iconic DC logo in conjunction with The Sandman's imagery, underscoring the fusion of creative forces at play.

By Nate Raymond and Jonathan Stempel

Rock band Death Cult is celebrating its 40th anniversary with a tour across the UK, the US, and Ireland. The band, whose members are Billy Duffy and Ian Astbury, will perform at renowned venues that hold significance from their early days.

MiG-23 jet crashed at a Michigan air show, with its pilot and passenger ejecting just in time before the crash. The incident happened during the Thunder Over Michigan air show in Belleville, Michigan. The MiG-23 jet was being operated by two occupants, and they both used parachutes to safely land on the ground. They were taken to the hospital as a precaution, but no injuries were reported. The crash occurred at around 4:00 PM ET on Sunday at the Yankee Air Museum's air show. The Soviet-era jet crashed into unoccupied vehicles in a parking lot at the Waverly on the Lake Apartments. Fortunately, it narrowly missed hitting an apartment building. The plane caught fire upon impact, and emergency crews arrived to put out the flames. Black smoke billowed into the sky. Video footage captured the ejection of the pilot and passenger just before the crash. The cause of the crash is currently under investigation by the Federal Aviation Administration (FAA). The MiG-23 jet was piloted by Dan Filer, a retired Navy pilot from Texas. Filer, who is known for collecting Soviet-made fighter jets, had been flying the only privately owned flying MiG-23 in the world. The MiG-23 was a prominent Soviet war plane during the Cold War, recognized for its advanced radar and fire control system that allowed it to launch missiles at targets beyond visual range, according to the National Museum of the United States Air Force.

Billy Porter has openly expressed his dissatisfaction with Harry Styles' Vogue cover from 2020. In an interview with The Telegraph, Porter detailed his perspective, asserting that Styles was chosen for the inaugural male cover due to his «white and straight» identity. Porter further revealed that prior to the cover's release, Anna Wintour, the editor-in-chief, had engaged in a conversation with him, seeking guidance on the direction Vogue should take. Notably, Porter had previously shared his critique of Styles' Vogue cover, clarifying that his stance wasn't a personal attack on the artist. He articulated his concerns, highlighting that the situation left a negative impression on him. He expressed that he found it disconcerting that Styles appeared to be leveraging Porter's community for his own elevation without making any meaningful sacrifices. Porter recounted an interaction with Anna Wintour before the cover's publication, indicating that she had inquired about improving Vogue's approach. Reflecting on this encounter, Porter felt caught off guard and regretted not expressing his thoughts more assertively: «That comment caught me by surprise, and I missed the opportunity to convey what I truly should have said.» In summary, Billy Porter's critique underscores his belief that the choice of Harry Styles for the Vogue cover exemplified a lack of inclusivity and genuine understanding of the LGBTQ+ community.

Investing.com — The Dow closed higher Monday, as weakness in banks was offset by renewed demand for tech amid a surge in Nvidia (NASDAQ:NVDA) ahead of a slew of incoming economic data set to provide further insight on the consumer.

By Luc Cohen

Former chairman of the US Securities and Exchange Commission (SEC) Jay Clayton just called for the approval of a spot Bitcoin Exchange Traded Fund (ETF) in an appearance on CNBC TV.

HBAR, the token that powers Hedera Hashgraph’s decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm, has been pumping on Monday.

Bitcoin exchange-traded fund (ETF) hopefuls have faced a setback as the US Securities and Exchange Commission (SEC) decided to delay their ruling on Ark Invest’s spot Bitcoin ETF application.

The legal team defending Sam Bankman-Fried (SBF) against criminal charges has requested a federal judge allow the former FTX CEO to have access to antidepressants while in jail.

NEW DELHI : The Securities and Exchange Board of India (Sebi) sought a 15-day extension from the Supreme Court to conclude its investigation into stock manipulation allegations against Adani Group by US short-seller Hindenburg Research, asserting that the markets regulator has made substantial progress in the probe. Sebi said the extension would allow it to submit the final status report on 24 issues it has investigated in connection with the Hindenburg report.

Tesla cut prices again in China, sending auto stocks tumbling on concerns the move will rekindle an international price war that had shown signs of abating.

Plenty of action in the energy sector – and it’s not just restricted to the generators and retailers. Institutional investors – from Brookfield Asset Management and EIG at Origin Energy and Macquarie at EnergyAustralia – may be looking at those major assets, but Street Talk has found another significant opportunity being marketed by Lazard.

New York | Senior partners at accounting firm BDO USA are in line for a big windfall after the arrangement of a $US1.3 billion ($2 billion) debt deal with Apollo Global Management, according to people familiar with the situation.

About 30 to 50 people, described as a “mob of criminals” by California police, descended on a Nordstrom location in Los Angeles and made off with tens of thousands of dollars in luxury goods.

Nestlé USA has taken swift action to recall specific batches of Nestlé Toll House Chocolate Chip Cookie Dough «break and bake» bars due to reports from consumers regarding the presence of wood fragments in the product.

Sam Bankman-Fried, the indicted founder of bankrupt cryptocurrency exchange FTX, needs access to medications to treat depression and attention deficit hyperactive disorder (ADHD) while jailed ahead of his fraud trial, his lawyers said on Monday. In a letter, Bankman-Fried's lawyers asked US District Judge Lewis Kaplan to order the Metropolitan Detention Center (MDC) in Brooklyn to ensure their client has a daily Emsam skin patch for depression and three or four doses a day of Adderall for ADHD.