October 25, 2023

Markets Now


Sam Bankman-Fried set to testify in fraud trial as soon as Thursday                  

Sam Bankman-Fried plans to take the stand in his own defense in the coming  days, his lawyer told the court on Wednesday. Bankman-Fried has pleaded not guilty to seven counts of federal fraud related to the collapse of his cryptocurrency empire nearly a year ago.   
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Deutsche Bank shares surge as it promises more cash for investors        

Shares in Deutsche Bank surged nearly 7% Wednesday after it said strong earnings meant it could pay out more cash to shareholders over the next two years than previously anticipated.   
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Big Tech earnings can make or break this market                

In an unstable economic climate marked by geopolitical unrest, concerns about the Federal Reserve and soaring Treasury yields, investors are closely watching this week’s Big Tech earnings for clues about where the volatile stock market may head next.   
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Air Force One debacle: Boeing has now lost more than $1 billion on each of the president's two new jets

Cost overruns for the new Air Force One jets continue to pile on massive losses for Boeing.   
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McDonald's is getting rid of McFlurry spoons              

The McFlurry plastic spoon, which sparked confusion among its fans for being hollow, is being phased out as the fast food chain seeks more sustainable alternatives.   
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Woman who burned herself on Dunkin' coffee settles for $3 million              

A Dunkin’ franchisee is paying a woman $3 million to settle a lawsuit involving hot coffee falling on her lap that she alleges caused severe burns and life-altering injuries, according to her lawyers.   
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Source: CNN Business

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