April 1, 2024

Markets Now Monday April 1, 2024

Analysis: One of the largest FTX creditors is trying to recoup millions for victims

Sam Bankman-Fried was sentenced to 25 years in federal prison last week for defrauding customers and investors in his failed crypto exchange FTX. He was also ordered to repay more than $11 billion, a sentence that will likely financially incapacitate him for the rest of his life.  
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Powerball jackpot soars to $1 billion for Monday night’s drawing

This is not an April Fool’s Day joke. Monday night’s Powerball drawing has skyrocketed to $1 billion. Here are the odds of actually winning.  
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US scientists are leaving academia. That’s bad news for drug companies

Scientists in the United States, especially those in the biomedical fields, are increasingly leaving academia for industry jobs amid stagnant funding and low wages.  
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This airline’s CEO thinks his company will remain the cheapest for years to come

Electric flight. Hydrogen fuel. Consolidation. CNN’s Richard Quest speaks with 5 airline CEOs on what their companies may look like in the near and distant future.  
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China’s new factory data shows a bright start to the year

China’s manufacturing activity expanded at the fastest pace in 13 months in March, with business confidence hitting an 11-month high, driven by growing new orders from customers at home and abroad, a private survey showed on Monday.  
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Opinion: Filing tax returns shouldn’t be this difficult

The IRS must rebuild its internal systems to process tax forms, writes Bill Harris.  
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Source: CNN Business

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