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Former customers of the cryptocurrency exchange FTX Customers expressed dismay and frustration on Thursday following the sentencing of Sam Bankman-Fried, the exchange's former billionaire CEO, to 25 years in prison. The verdict was delivered by a New York judge, sparking outrage among those who had suffered significant losses due to FTX's sudden co…

Federal Reserve officials reaffirmed their commitment to cutting interest rates three times in 2024, despite ongoing concerns about elevated inflation levels. At their latest meeting, the officials opted to maintain the benchmark rate unchanged for the fifth consecutive time, fueling optimism in financial markets. The Fed's decision to maintain its…

The U.S. Federal Trade Commission (FTC) has issued recommendations urging policymakers to investigate stores Grocery Profits which have remained notably high since the onset of the pandemic. Additionally, the FTC has filed a lawsuit aimed at blocking Kroger's proposed acquisition of smaller rival Albertsons, citing concerns over potential price hi…

As Israel navigates through its current Economy challenges, the anticipation of the "day after" unveils a complex social and economic landscape that demands attention. Moody's recent announcement of downgrading Israel's credit rating to 2A, a first-time occurrence, along with a negative rating forecast, amplifies the economic hurdles ahead. This ec…

After a rigorous three-year fundraising effort, World Fund has successfully closed its first fund, securing €300 Million Climate Tech in capital. While this falls €50 million short of its initial target, the achievement remains significant, particularly against a backdrop of geopolitical tensions and economic uncertainty. The venture capital firm, …

On Thursday, the Bank of England announced its decision to keep its main interest rate unchanged at 5.25%, maintaining it at a 16-year high. This move diverges from recent actions taken by other central banks, such as the Swiss National Bank's surprising quarter-point rate cut, marking a distinct approach amidst global economic uncertainty. The dec…

In a remarkable debut on Thursday, Reddit, the popular online forum platform, saw its shares soar by a staggering 48% during its initial public offering Reddit IPO . This marks the first major IPO for a social media company since Pinterest's debut in 2019. The 19-year-old website, known for hosting diverse online forums, set its IPO price at $34 pe…

At a recent press conference, US Attorney General Merrick Garland took a pointed stance against tech giant Apple, citing its alleged abuse of monopoly power in the smartphone market. This move follows a historic antitrust Apple lawsuit filed jointly by the Biden administration and 16 states, targeting Apple's purported manipulation of the iPhone's…

Iowa Construction Employment has reached unprecedented heights, with employment hitting the highest level in over three decades. According to the latest monthly report released by the Iowa Workforce Development, the construction sector employed 85,200 workers in January, marking an increase of 600 from December and a substantial rise of 2,700 from …

Less than a year since its inception, the allure of the "Magnificent Seven" appears to be waning among stock market enthusiasts. The once highly regarded group of megacap stocks, comprising Nvidia, Meta Platforms, Amazon, Microsoft, Alphabet, Tesla, and Apple, is facing growing scrutiny due to disparities in returns among its members. Nvidia, for i…