News

Sam Bankman-Fried not contesting extradition to U.S.

Published

1 year ago

December 19, 2022

ticker NEWS

FTX founder Sam Bankman-Fried will no longer contest extradition to the U.S., after he was remanded to Bahamian jail pending a hearing.

The former crypto billionaire will appear in court this Monday to formally waive his extradition rights, paving the way for federal authorities to secure his return to the U.S.

Extradition between the Bahamas and the U.S. is codified by a 1991 treaty which could take months to complete.

The change of heart would move up the timeline for Bankman-Fried’s federal trial significantly.

The 30-year-old was originally scheduled for his next hearing in February.

Bankman-Fried was indicted in New York federal court on charges of wire fraud, securities fraud, conspiracy to defraud the United States, and money laundering.

If sentenced, he could face the rest of his life in prison.

News

The ongoing alcohol related research many ignore

Published

13 hours ago

May 2, 2024

ticker NEWS

New research shows the impact of alcohol on our gut microbiome.

Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.

Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.

News

How AI is leveraging Amazon’s fast production

Published

14 hours ago

May 2, 2024

Nathan Langridge

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

News

Will the Fed reserve’s cautious stance tame inflation or stifle growth?

Published

15 hours ago

May 2, 2024

Nathan Langridge

The Federal Reserve opted to keep interest rates unchanged, signalling concerns over the sluggish pace of inflation improvement.

On this episode of Hot Shots – US Fed Reserve aim for 2%, Elon Musk makes a bold Tesla choice, Amazon makes big movies thanks to AI and fast-food restaurants are facing a big issue with customer retention.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #hot shots #ticker today