Money

Sam Bankman-Fried is jailed after bail revoked

Published

2 years ago

August 12, 2023

Sam Bankman-Fried, the 31-year-old founder of a cryptocurrency firm, has been ordered to await trial in jail by a US judge following the revocation of his bail.

Arrested on fraud charges last year due to his cryptocurrency company’s collapse, Bankman-Fried was led away in handcuffs from the court while his mother looked on tearfully.

The decision was made after Judge Lewis Kaplan concurred with prosecutors who accused Bankman-Fried of attempting to influence potential witnesses against him.

Despite his denial, Judge Kaplan stated that there was “probable cause to believe that the defendant has attempted to tamper with witnesses at least twice.”

The trial, scheduled for October, will investigate allegations that Bankman-Fried misappropriated funds from his bankrupt cryptocurrency exchange FTX to cover property expenses, political donations, and losses at his hedge fund, Alameda Research. Following his arrest, he had been released on a $250 million bond to his parents’ home in Palo Alto, California.

However, after tighter restrictions were placed on him due to his communications and media interactions, prosecutors further requested his incarceration.

The decision followed the surfacing of an article in July by the New York Times, quoting confessional writings from Bankman-Fried’s former girlfriend and former CEO of Alameda, Caroline Ellison.

Prosecutors claimed that Bankman-Fried shared these documents to portray Ellison as a “jilted lover” acting alone and to bolster his media defense. Concerns were raised that this could deter other potential witnesses by exposing them to personal humiliation and reputation damage beyond what would occur in court.

Prosecutors asserted that Bankman-Fried engaged in around 1,000 calls with the press in recent months.

Money

How to position investments for 2026: Expert advice on market cycles

As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

Published

17 hours ago

January 14, 2026

Harvey Vargas

As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

As 2026 begins, investors are navigating an evolving market landscape. Experts stress that positioning your investments strategically is far more important than trying to predict market movements.

Key factors include focusing on quality companies, maintaining strong cash flow, and diversifying intelligently.

Dale Gillham from Wealth Within Group joins us to break down what defines a major market cycle and why understanding it can shape your investment approach. From identifying inflation-resilient businesses to selectively tapping into growth themes like AI, this discussion covers essential strategies for the year ahead.

We also explore the role of risk management, the importance of an exit strategy, and how emotional decision-making can impact your portfolio. For anyone looking to strengthen their investing education and skills, this episode offers actionable insights to gain an edge in 2026.

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#Investing2026 #MarketCycles #WealthManagement #AIInvesting #FinancialStrategy #RiskManagement #InvestmentTips #TickerNews

Money

Markets in 2026: Fed rates, gold surge, oil tensions & AUD strength

As 2026 begins, markets face economic shifts; gold and silver soar, while energy and currencies impact global investors.

Published

2 days ago

January 13, 2026

Harvey Vargas

As 2026 begins, markets face economic shifts; gold and silver soar, while energy and currencies impact global investors.

As 2026 begins, global markets face a mix of economic shifts and geopolitical tensions shaping currencies, commodities, and interest rates. The Federal Reserve’s next moves are under the microscope, and Zoran Kresovic from Blueberry Markets says understanding these changes is key for investors navigating the year ahead.

Gold and silver are hitting all-time highs, driven by market volatility and economic uncertainty. Kresovic notes that both metals are likely to continue climbing, remaining essential safe-haven assets amid inflation concerns.

Energy markets are also volatile, with crude oil prices rising amid geopolitical tensions. Meanwhile, the Australian dollar is showing strength against the U.S. dollar. Kresovic highlights that these trends in energy and currency markets can ripple across the global economy, making them critical for investors to watch.

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#MarketUpdate #FedRates2026 #GoldPrices #SilverSurge #CrudeOil #AUDUSD #InvestingInsights #TickerNews

Money

Stocks hit record high as Powell faces investigation and Trump proposes credit cap

S&P 500 hits all-time high amid Fed scrutiny; Trump’s credit card cap proposal raises investor concerns over bank profits.

Published

2 days ago

January 13, 2026

Harvey Vargas

S&P 500 hits all-time high amid Fed scrutiny; Trump’s credit card cap proposal raises investor concerns over bank profits.

The S&P 500 reached a new all-time high, with the Nasdaq climbing 0.5% while the Dow Jones held steady. This comes amid news of a criminal investigation into Federal Reserve Chair Jerome Powell. Despite the scrutiny, analysts believe short-term interest rates and inflation are unlikely to be impacted.

Meanwhile, Trump’s proposal to cap credit card rates at 10% for a year sparked concern among investors about potential effects on lending and bank profitability. Major bank stocks reacted sharply, with Citigroup down 3% and Capital One falling 6%.

In commodities, gold futures rose 2%, reflecting fears that political pressure on the Fed could challenge its ability to manage inflation effectively.

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#StockMarket #SP500 #Nasdaq #FederalReserve #JeromePowell #TrumpNews #BankStocks #GoldFutures