By Echo Wang (Reuters) – U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukrai[...]
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Bankman-Fried set to enter not guilty plea in FTX fraud case -source
By Jack Queen NEW YORK (Reuters) -Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrup[...]
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Stocks end 2022 with a thud; Treasury yields, oil prices rise
By Sinéad Carew and Carolyn Cohn NEW YORK, LONDON (Reuters) – Wall Street equity indexes finished lower on Friday on 2022’s last trading day, while Treasury yields rose along with oil futu[...]
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Inflation, recession and earnings among factors to drive U.S. stocks in 2023
By Lewis Krauskopf NEW YORK (Reuters) – U.S. stock investors could not be more eager to turn the page on 2022, a brutal year that lopped about $8 trillion in market capitalization from the S[...]
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Canada’s antitrust tribunal clears C$20 billion Rogers-Shaw deal
By Divya Rajagopal and Akriti Sharma (Reuters) -Canada’s antitrust tribunal approved Rogers Communications Inc’s C$20 billion ($14.77 billion) bid for rival Shaw Communications Inc, ending[...]
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U.S. examining crypto wallets linked to FTX’s Bankman-Fried – Bloomberg News
(Reuters) – Federal prosecutors are looking into a series of crypto transactions that online analysts have tied to digital wallets associated with Sam Bankman-Fried, Bloomberg News reported on F[...]
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Fidelity marks down value of Twitter stake by 56%
(Reuters) – Fidelity funds slashed the value of their Twitter stake by 56% in November, according to a monthly disclosure by the investment firm released on Friday, as the social media giant nav[...]
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Oil ends year of wild price swings with 2nd straight annual gain
By Laila Kearney NEW YORK (Reuters) -Oil prices swung wildly in 2022, climbing on tight supplies amid the war in Ukraine, then sliding on weaker demand from top importer China and worries of an econom[...]
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Bahamas regulator holds FTX assets pending delivery to customers, creditors
(Reuters) -The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver th[...]
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