November 3, 2023

Markets Now

US banks hit by deposit delays

Bank of America alerted customers on Friday that their deposits may be delayed due to a problem impacting multiple banks.  
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Who is Sam Bankman-Fried, the crypto king who had a stunning downfall?

New York (CNN) — Sam Bankman-Fried, once known as a cryptocurrency whiz kid, was found guilty on Thursday for his role in the collapse of the cryptocurrency exchange FTX.  
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Analysis: November is typically the best month for stocks. So far, it’s looking promising

Analysis: November could offer some relief for investors bruised by losses over the summer if history is a reliable guide.  
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Jeff Bezos is leaving Seattle for Miami

The Amazon founder announced on Instagram that he’s relocating from Seattle, where he has lived since 1994, to Miami.  
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Shipping giant laying off 10,000 as pandemic boom turns to bust

Shipping giant Maersk is laying off thousands more workers as weak demand and lower freight prices pummel its revenues — a sign the pandemic-driven boom in shipping is turning to bust.  
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The 5 most memorable moments from the Sam Bankman-Fried trial

Sam Bankman-Fried was found guilty Thursday following a two-week trial that was almost as crazy as the rapid rise and fall of cryptocurrency exchange FTX itself.  
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Source: CNN Business

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