Archive List for News

Sam Bankman-Fried criminal FTX trial moves to closing arguments

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yahoo finance

Closing arguments begin today in Sam Bankman-Fried’s criminal fraud trial, after the FTX (FTT-USD) founder took the pivotal step of testifying in his own defense against seven charges. SBF has pleaded not guilty, even as former executives admitted the scheme was fraudulent. Yahoo Finance’s Alexis Keenan breaks down SBF’s testimony, highlighting key points from both the defense and prosecution as closing arguments approach. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #FTX #crypto 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, […]

Months before mass shooting, people who knew Maine suspect warned of his behavior

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CNBC

Concerns about Robert Card’s mental health and access to firearms were flagged to law enforcement and to his Army Reserve Unit, according to records from the county sheriff. NBC News’ Emilie Ikeda reports on the apparent missed warning signs. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from […]

FBI director warns of growing domestic threat amid Israel-Hamas war

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CNBC

FBI Director Christopher Wray is warning about the growing threat at home from the Israel-Hamas war, saying the actions of Hamas and its allies “will serve as an inspiration.” NBC News’ Garrett Haake has more details on the government’s forthcoming vote to send aid overseas. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video […]

Deadly strike on Gaza refugee camp

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CNBC

In Gaza, a massive Israeli airstrike devastated part of a refugee camp. A Hamas-run hospital says dozens of Palestinians were killed and hundreds injured. NBC News cannot independently confirm those numbers. Israel says it was targeting a Hamas commander and blames Hamas for using civilians as human shields. NBC News’ Richard Engel has the latest. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective […]

Apple earnings: Guidance will be ‘top of mind,’ analyst says

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yahoo finance

Apple (AAPL) is set to announce earnings on Thursday, Nov. 2 and many investors are already looking ahead to the fourth quarter. With the recent release of the iPhone 15, questions about demand are still swirling. Ben Bajarin, Creative Strategies CEO and Principal Analyst joins Yahoo Finance Live to weigh in on demand and consumer trends that could indicate how the tech giant is faring, globally. Noting “”a couple challenges”” including supply constraints, Bajarin suggests a sense of “”some elongated demand”” but its too soon to gauge. 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 […]

Zillow, real estate stocks fall on brokers commission verdict

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yahoo finance

Zillow (Z, ZG) shares closed nearly 7% lower after a Missouri jury ruled the National Association of Realtors colluded with brokerages to keep agent commissions high, awarding nearly $1.8 billion in damages. The class action lawsuit focused on the opaque nature of brokerage fees and commission splits. Other real estate stocks like Compass (COMP) and Redfin (RDFN) also fell on the news, though none of the real estate companies were named in the suit. 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. […]

SBF cross-examined in FTX fraud trial, defense rests case

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yahoo finance

The fraud trial against FTX Co-Founder Sam Bankman-Fried continued on Tuesday with SBF taking the stand. The defense made its final arguments and rested its case while the prosecution continued with cross-examination. Lead prosecutor, U.S. Assistant Attorney Danielle Sassoon, continued to poke holes in SBF’s testimony and find points of contradiction in his previous statements. CoinDesk U.S. Markets Reporter Helene Braun joins Yahoo Finance to discuss what she witnessed in the courtroom and the overall feeling of the trial. “”[Sassoon] also pulls out a video of Sam with former U.S. President Bill Clinton and U.K. Prime Minister Tony Blair in the Bahamas, which Sam claims were there for the FTX […]

WeWork stock plunges on reports of bankruptcy filing plans

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yahoo finance

WeWork (WE) shares sink even lower on headlines that the company is planning to file for bankruptcy next week, according to the Wall Street Journal. Yahoo Finance anchors Julie Hyman and Josh Lipton comment on the coworking space provider’s fall from grace as an original startup darling. 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 tools you need to invest with confidence. Discover new opportunities with expert research and investment […]

Market strategist on how to invest right now: Go long

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yahoo finance

Uncertainty remains in the market, stemming from a variety of factors— economic headwinds, geopolitical conflicts, an inert Congress, inflation — extending volatility. Investors are rushing to safer, more stable investments, but do they have the whole picture? Is there more that needs to be considered? BloxCross Global Head of Markets & Strategy Keith Bliss joins Yahoo Finance to discuss the broader market and what investors need to pay attention to heading into 2024. “”The stock market hates two things: an increasing rate environment and a lack of earnings. Generally, they go hand-in-hand, especially in the financial sectors. So the market has not really come to grips with that.”” Bliss continues, […]

Fed may not reach 2% goal this time next year: Strategist

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yahoo finance

Federal Reserve officials are convening for their November FOMC meeting with Chair Jerome Powell to announce the Fed’s decision on interest rates on Wednesday. Cindy Beaulieu, Conning CIO for North America, joins Yahoo Finance Live to discuss what December could look like based on the likelihood of tomorrow’s decision and what may be causing division between Fed regulators. “”Part of the reason they’ve been careful in their pauses along the way here has been because we have seen so many, so many lag effects in this that have taken place and that’s why they’re being cautious and careful,”” Beaulieu says on consumer savings. “”But I think the problem they have […]