October 2, 2023

Markets Now

A landmark marijuana bill is headed to the Senate floor

The Senate Banking Committee approved a historic marijuana banking bill last week that breaks barriers between financial institutions and cannabis companies.  
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Be prepared for 7% interest rates, warns Jamie Dimon

JPMorgan Chase CEO Jamie Dimon issued a stark warning Monday to Wall Street: The Federal Reserve may be far from finished with its aggressive regimen of interest rate hikes in the fight against elevated inflation.  
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Sam Bankman-Fried's fraud trial is about to start. Here's what you need to know

Eleven months ago, Sam Bankman-Fried was living in the Bahamas as a crypto superstar, running a celebrity-backed startup, surrounded by fans and friends who believed he was the real deal: An MIT math whiz. A visionary who ditched the Wall Street track to chart his own course. A philanthropist building a fortune which, he repeatedly said, he intended to give away entirely.  
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Feeling lucky? A $1.04 billion Powerball jackpot is up for grabs in tonight's drawing

Get your tickets ready: An estimated $1.04 billion dollar jackpot could be yours in Monday night’s Powerball drawing.  
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Corporate America praises the 'adults' who averted a government shutdown

Corporate America is breathing a sigh of relief after lawmakers narrowly avoided a chaotic shutdown of the federal government.  
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Tesla sales slow, missing Wall Street forecasts

Tesla reported slower third quarter sales that fell short of Wall Street forecasts.  
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Source: CNN Business

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