Money

Jury deliberates in FTX founder Sam Bankman-Fried’s fraud trial

Published

7 months ago

November 3, 2023

ticker NEWS

After weeks of testimonies and legal arguments, the jury in the fraud trial of FTX founder Sam Bankman-Fried has begun its deliberations.

The trial, which has captured significant attention in the cryptocurrency and financial communities, centers around allegations of fraudulent activities related to the popular cryptocurrency exchange.

Bankman-Fried, a prominent figure in the world of cryptocurrencies, stands accused of orchestrating a scheme that misled investors and manipulated markets.

Prosecutors have presented evidence suggesting that he engaged in deceptive practices to inflate trading volumes and attract more users to the platform. If convicted, he could face significant fines and potential prison time.

The trial has raised important questions about the regulation and oversight of the cryptocurrency industry, which has been largely unregulated compared to traditional financial markets.

It also highlights the challenges faced by regulators in addressing fraudulent activities in this rapidly evolving space.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending