Money

Sam Bankman-Fried must be jailed, prosecutors say

Published

2 years ago

July 27, 2023

Prosecutors in the Manhattan federal court are seeking to jail cryptocurrency mogul Sam Bankman-Fried, the former CEO of FTX, ahead of his fraud trial.

They allege that he “crossed a line” by working with a journalist to pressure a key witness, his ex-girlfriend Caroline Ellison, who is set to testify against him.

Prosecutors claim that this amounts to witness tampering, as Bankman-Fried provided the reporter with personal writings from Ellison. They point out that he has had more than 1,000 phone calls with journalists, which they consider an escalation of an ongoing campaign with the press.

Gag order

During a hearing, Judge Lewis Kaplan ruled that Bankman-Fried could temporarily remain free on bond but imposed a gag order. The judge warned him to take the situation seriously.

The gag order will remain in place until Kaplan makes a proper ruling once the official motions from both the prosecution and the defense are filed on August 1 and August 3, respectively.

Bankman-Fried’s defense attorney, Mark Cohen, objected to the request to detain his client, arguing that the sudden request blindsided them and infringes on his right to speak to the press.

He emphasised that Bankman-Fried has had negative stories published about him, and his interactions with the media were an effort to protect his reputation.

The case revolves around allegations of misappropriating billions of FTX customer funds to cover losses from risky bets at the cryptocurrency hedge fund, as well as bankrolling a lavish lifestyle.

Bankman-Fried faces trial on October 2 and has denied any wrongdoing, pleading not guilty to the charges. Ellison, along with two other former FTX executives, has agreed to cooperate with authorities in the case against him.

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

18 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