: ‘We thought of ourselves as legitimately trying to do good.’ SBF says he cares most about helping humanity as he tries to explain FTX collapse

FTX founder and former billionaire philanthropist Sam Bankman-Fried says he was thinking about trying to save lives as he built his now-failed crypto exchange, and that most corporate philanthropy is “bullshit.”  Bankman-Fried, or SBF, made the remarks as he defended himself in a Wednesday interview with the New York Times during which he was asked […]

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Market Snapshot: Dow rises 250 points after Powell signals smaller interest-rate hikes ahead

U.S. stocks rose in afternoon trading on Wednesday after Federal Reserve Chairman Powell said the central bank’s pace of interest-rate increases can slow as soon as its December meeting, while investors digested a round of economic data, including a weaker-than-expected reading on private-sector payrolls and an upward revision to third-quarter economic growth. How are stocks […]

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The Conversation: Protests against strict COVID-zero policy are sweeping China but there is no sign yet of a national political movement

Public protests in China related to the government’s COVID-19 restrictions have hit the news worldwide over the weekend, following a fatal apartment fire in Urumqi, Xinjiang, last week which killed 10 people. Many internet users claimed some residents could not escape because the apartment building was partially locked down, though authorities denied this. There have been reports some demonstrators have called […]

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Market Snapshot: Dow turns higher, S&P 500 flat in afternoon trade as investors gauge China zero-COVID policies and await Powell speech

U.S. stocks trimmed losses in midday trading Tuesday, as investors gauged the chances that Beijing may ease its COVID-zero policies which provoked widespread protests over the weekend and added to investor worries about global economic growth. Wall Street was weighing downbeat data on U.S. consumer confidence, the housing market, and comments from Federal Reserve officials […]

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: Families of Iran’s soccer team threatened if players fail to ‘behave’ ahead of US World Cup game, report says

Amid ongoing anti-government protests in Iran, the families of the country’s soccer team have allegedly been threatened with imprisonment and torture if the players fail to “behave” in their pivotal World Cup match against the U.S. on Tuesday. Citing a security source involved in the security of Iran’s World Cup games, CNN reports that the […]

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Dow Jones Newswires: Hong Kong consumer stocks extend rally

Hong Kong consumer-goods and services stocks advanced further as China moved to reiterate its commitment to targeted pandemic curbs and avoid long-term restrictions. Consumer-goods makers and services providers jumped in Tuesday afternoon trading. Restaurant operator Haidilao International Holding Ltd. 6862, +12.04% rose as much as 15%, food-delivery company Meituan was recently 11% higher and sportswear […]

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FA Center: These 7 giving tips will have you donating to charity like a billionaire — even if you’re really a ‘thousandaire’  

Examples of generosity range widely in size and style, from grantmaking that bestows millions of dollars upon a single charity to simple acts of kindness such as mentoring a teen or visiting nursing home residents to offer companionship.  While some of the most inspired and fulfilling gifts are made spontaneously, thinking about charitable giving as […]

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Dow Jones Newswires: Eisai shares fall following report of patient death in Alzheimer’s trial

Eisai Co.’s shares fell Tuesday following a report that a woman died after receiving the company’s experimental Alzheimer’s drug. Eisai’s shares 4523, -8.07% fell as much as 12% to Y8,473 and were recently 9.9% lower. U.S.-based scientific news website Science reported on Sunday that a woman who had received the experimental Alzheimer’s drug lecanemab developed […]

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The Wall Street Journal: Crypto exchange Kraken will pay $362,000 to settle allegations it violated Iran sanctions

Cryptocurrency exchange Kraken has agreed to pay more than $ 362,000 to settle allegations it violated U.S. sanctions against Iran, the U.S. Treasury Department said Monday.  Kraken violated U.S. sanctions laws by failing to prevent users in Iran from accessing its platform, which allowed them to conduct transactions worth more than $ 1.68 million between […]

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