FTX co-founder and ex-head of hedge fund Alameda Research respectively… – CNN | NutSocia

CNN — Two senior executives linked to collapsed crypto exchange FTX have pleaded guilty to multiple criminal charges and are cooperating with federal prosecutors, according to unsealed court filings. In addition, the couple faces civil fraud charges from the Securities and Exchange Commission, which were announced Wednesday night. Gary Wang, the co-founder of FTX, and … Read more

Fed and White House unite for day that gets to the heart of Biden’s policy issue – CNN | NutSocia

CNN — Two centers of power in Washington on Wednesday will reveal the politically toxic dynamics of the key economic issue threatening President Joe Biden’s congressional majorities with midterm elections less than a week away. The Fed is likely to trigger another historic rate hike, and Biden will host an event about a half-mile away … Read more

White House to announce additional oil reserve sales after OPEC+ cut – CNN | NutSocia

CNN — President Joe Biden on Wednesday will announce the sale of an additional 15 million barrels from the Strategic Petroleum Reserve in December, a senior administration official said, as his administration seeks to counter market pressure created by OPEC+’s decision to extend oil production targets to just three weeks to cut back from the … Read more