Business
Sam Bankman-Fried to Testify Before Congress on FTX Failure
FTX founder Sam Bankman-Fried will testify next week at a US Congressional hearing on the collapse of his crypto group, in a twist that will mark his first public contact with US officials about the events surrounding its bankruptcy. Maxine Waters, chair of the U.S. House Committee on Financial Services, announced on Friday Bankman-Fried’s participation …
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Democratic lawmakers accuse big oil companies of ‘greenwashing’
Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Exxon and Chevron posted record profits in the second quarter of 2022 as energy stocks have weakened in recent months. Brandon Bell | Getty Images On Friday, two Democratic lawmakers accused the largest oil companies in the United States …
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Tesla’s Musk makes a harsh prediction about a rival
When Elon Musk tweets, people listen. The billionaire Tesla (TSLA) – Get a free report The CEO and recent owner of Twitter tends to shake things up whenever he lets his fingers do the talking. His takeover of Twitter has seemingly sparked endless controversy with mass layoffs, the reinstatement of former President Donald Trump’s account …
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Perfect Storm Fuels Massive Surges in West Coast Natural Gas Prices; Northern California Reaches $55/MMBtu – Natural Gas Intelligence
Against the backdrop of generally mild weather in the Lower 48, winter unleashed its fury on the West Coast earlier this season. Freezing temperatures and unusually heavy rainfall have fueled demand for natural gas at a time when storage inventories are low, a the drought has reduced hydroelectric power supplies, and regional utilities are struggling …
Stocks open lower on hot inflation data
The Dow Jones Industrial Average fell Friday on warmer-than-expected inflation data ahead of the Federal Reserve’s rate policy meeting next week. Broadcom, Costco and Lululemon were earnings drivers ahead of Friday’s market open, while Netflix jumped on an analyst upgrade. X Wholesale inflation data was released on Friday, with the release of the Department of …
Hong Kong stocks briefly climb 2%; China releases inflation data in line with expectations
Hong Kong movers: Real estate and tech stocks rise as optimism reopens CNBC Pro: Wall Street says a recession is coming. An investment pro names her favorite stocks to resist Wall Street pros are increasingly sounding the alarm about an impending recession. As economic growth slows and inflation stays high for longer, how should investors …
The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims
Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …
(UPDATE) ‘It’s beyond frustrating’: Yurok VP calls out interim winners of offshore wind power bid for failing to engage with tribe ahead of this week’s auction
UPDATE 2:50 p.m.: One of the successful bidders, RWE Offshore Wind Holdings, LLC, sent the following response to Outpost request for additional comment: “RWE is committed to thoughtfully engaging tribes and tribal fisheries throughout all stages of project development,” Dominik Schwegmann, US West Offshore Development Manager for RWE, wrote in an email. Outpost. “Before the …
Former FTX CEO Sam Bankman-Fried hit with campaign finance complaint over GOP ‘dark’ money
Sam Bankman-Fried, Founder and Managing Director of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, U.S., Wednesday August 17, 2022. Jeena Moon | Bloomberg | Getty Images An ethics watchdog group has asked the Federal Election Commission to investigate former FTX CEO Sam Bankman-Fried …