Former FTX CEO, Sam Bankman-Fried, was convicted on seven counts of fraud ranging from money laundering to conspiracy. His crimes carry maximum sentences totaling 110 years. Bankman-Fried’s sentencing is scheduled to be held on March 28. The final sentencing decision will be made by the judge presiding over his case. Yahoo Finance’s Legal Reporter Alexis Keenan breaks down the all details, providing insights on the possible length of his sentencing based on guidelines that consider factors like the scale of money stolen. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #crypto #yahoofinance Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb […]
This segment was previously recorded on November 3, 2023. The El Niño weather event caused the driest October on record for the Panama Canal since its origins in 1950. The event has caused the Panama Canal Authority to cut daily ship passages from 25 to 18 by February 2024. Questions now arise around global climate change and the impacts it has on global shipping. U.S. Energy Information Administration Industry Economist Josh Eiermann joins Yahoo Finance to discuss these impacts and what they mean in both the near and long term for global shipping. On the immediate impact, Eiermann states: “What we are seeing that is more ships now are being […]
Yahoo Finance spoke to experts including Nick Timiraos The Wall Street Journal chief economics correspondent, economist Claudia Sahm, and Eurasia Group President and Founder Ian Bremmer about JPMorgan Chase CEO Jamie Dimon’s latest comments on the Fed, inflation, lending, the American consumer, what will rattle markets, geopolitical risks, and the global economy. #JPMorgan #yahoofinance #youtube JPMorgan Chase CEO Jamie Dimon about the curr Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get […]
The criminal fraud trial of disgraced FTX CEO Sam Bankman-Fried and the subsequent guilty verdict on Friday, November 3, has drawn the attention of many — from crypto bulls to skeptics and even U.S. regulators — raising questions about the legitimacy of the greater cryptocurrency market. The Wolf Of All Streets Podcast Host Scott Melker does not believe the FTX fallout has any lasting impact, stating plainly: “This was a case of fraud that has literally nothing to do with crypto.” Melker specifies that crypto was just the vehicle to perpetuate SBF’s Ponzi scheme and that on a global scale, this case is just “an American phenomenon.” Cahill Gordon & […]
This segment previously aired on November 3, 2023. Starbucks (SBUX) will roll out a reinvention and efficiency strategy over the next three years, hoping to save $3 billion in costs and contribute to its global expansion plans. Starbucks CFO Rachel Ruggeri joins Yahoo Finance’s Brooke DiPalma at the Nasdaq MarketSite to discuss the updates to the coffee chain’s cost-saving plans and how it is considering menu prices. “The $3 billion is broken, really, into two areas — the first area is in our stores,” Ruggeri says, outlining plans to better fund in-store equipment needs and labor costs for busier franchises. “The remainder of the $2 billion is largely in cost […]
Microsoft (MSFT), Alphabet (GOOG, GOOGL), and Amazon (AMZN) are all competing in the cloud. But how do they stack up? Constellation Research Founder R “Ray” Wang says the “cloud wars are real. The three big players are at it and Microsoft wants to be number two.” Wang breaks down how each company is ramping up their cloud efforts, from Microsoft’s sales team to Amazon’s AI efforts. In the video above, you can also find out how Wang says Apple (AAPL) is using AI. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #Amazon #stockmarket Subscribe to Yahoo Finance: […]
The jobs report for October showed slowing labor growth as the U.S. unemployment rate slightly increased. The prolonged strikes from auto workers, Hollywood actors, and healthcare workers are significant contributors to the jobs slowdown, according to the Bureau of Labor Statistics survey conducted during the middle of these strikes. Yahoo Finance Reporters Alexandra Canal and Anjalee Khemlani join the Live show to discuss the impact strikes had on the jobs report and how the future of the strikes may continue to impact their respective markets. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #yahoofinance #stockmarket Subscribe to […]
Apple (AAPL) stock dipped Friday morning despite reporting a fiscal fourth-quarter earnings beat, communicating caution on its growth outlook in China. While new iPhone launches alone may not be enough to propel the stock forward, could Apple’s services segment be just what it was looking for all along? Yahoo Finance Tech Editor Dan Howley details Apple services segment’s overwhelming $22.3 billion in net sales and the growth it could offer to the company as Apple unveils new M3 semiconductor chips and wearable devices. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo […]
Sam Bankman-Fried, former CEO of crypto exchange FTX, has been convicted on all seven fraud charges at his criminal trial. The charges are related to allegations that Bankman-Fried deceived FTX customers and investors, misusing billions in client funds. The guilty verdict carries a maximum penalty of up to 110 years in prison if Bankman-Fried receives the highest sentence for each count. Former Federal Prosecutor Renato Mariotti explains that the conviction is “[sending] a message to the crypto industry,” which U.S. regulators appointed by the Biden administration are watching closely. He notes substantial resources were used for this case, defying expectations that Bankman-Fried’s Democratic ties would allow for leniency. “I really […]
Crypto platform Coinbase (COIN) posted a mixed third-quarter earnings report, beating revenue estimates as trading volumes declined over the quarter. Yahoo Finance Live monitor Coinbase’s stock action while sharing a consensus on the overall crypto landscape, referencing fallout from recent crypto scandals including FTX’s collapse while under the helm of Sam Bankman-Fried. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #crypto #youtube About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial […]
