US authorities are ratcheting up pressure on Sam Bankman-Fried’s inner circle as they scrutinize former close FTX associate Nishad Singh, according to people familiar with the matter.
US stocks closed lower as continued evidence of strength in the labor market fueled speculation the Federal Reserve has room to keep raising rates. Short-dated Treasuries fell.
(Bloomberg) — After three long years, checkpoints at the border separating Hong Kong from mainland China are set to reopen from Sunday in a move that’s seen as having a muted impact on the city initially.
Colonial Pipeline Co. halted operations on a critical conduit that supplies fuel to the US Northeast, the latest disruption to energy flows following an outage on the Keystone oil pipeline last month.
The Republican impasse over choosing a House speaker has now dragged on longer than balloting for the post in any other US Congress since before the Civil War.
(Bloomberg) — A sharp decline in the M2 measure of the US money supply could be good news for policymakers in their efforts to bring high inflation under control, St. Louis Fed President James Bullard said.
The turmoil that has for three days stalled the start of the new Republican House majority offers a warning that disarray in Washington risks igniting a US debt crisis capable of roiling financial markets later this year.
(Bloomberg) — The US and Germany will send armored vehicles and an additional Patriot air defense system to Ukraine, a significant upgrade in firepower urgently sought by President Volodymyr Zelenskiy in the fight against Russia’s invasion.
(Bloomberg) — Twitter Inc. employees who were laid off shortly after Elon Musk took over are still awaiting details of their severance packages months after being let go, leading to further legal trouble for the new owner.
Bed Bath & Beyond Inc., once a meme-stock darling during the mania that captivated investors a couple of years ago, is now flirting with penny-stock territory as the company teeters on the brink of bankruptcy.
