June 29, 2023

Markets Now

Prosecutors charge three investors with insider trading in Trump SPAC deal

Federal prosecutors arrested three investors on Thursday on insider trading charges related to a deal to take former President Donald Trump’s media business public.  
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The Fed is secretly stress testing the US economy against nightmare scenarios

Federal Reserve Chair Jerome Powell seemed uncharacteristically relaxed yesterday at the European Central Bank conference in Portugal. The Fed head shed his reading glasses and wore his shirt collar open with no tie as he cracked jokes alongside a panel of his central banking contemporaries.  
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Overstock.com is changing its name. It's one you may recognize

Overstock.com, one of the biggest names in e-commerce, is ditching its name for something just as recognizable: Bed Bath & Beyond.  
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Sriracha sauce is selling for as much as $120 amid prolonged shortage

The prolonged shortage of a certain red sauce is making the black market go wild.  
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Flight problems mostly over — except at United

The problems with flight delays and cancellations that have plagued US travelers this week are mostly over — except at struggling United Airlines.  
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Hot car deaths can be prevented with this new technology

New technologies hold the promise of putting a stop to a deadly trend that has come surging back as more busy parents return to their workplaces. Hot car deaths liof children have happened at least eight times so far this year, according to the auto safety group KidsandCars.org.  
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Source: CNN Business

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