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Financial News Around the World

FTX’s venture backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, new filings show

FTX’s roster of big-name backers included Paul Tudor Jones and Robert Kraft as well as Tom Brady and Gisele Bündchen.

Published 10 January 2023
Categorised as Finance News

House Republicans vote to strip IRS funding, following pledge to repeal nearly $80 billion approved by Congress

House Republicans on Monday night voted to slash funding for the IRS, following a pledge to repeal the nearly $80 billion approved by Congress last year. 

Published 10 January 2023
Categorised as Finance News

Stocks making the biggest moves midday: Bed Bath & Beyond, Coinbase, Virgin Orbit and more

These are the stocks posting the largest moves midday.

Published 10 January 2023
Categorised as Finance News

Fed’s Bowman says there’s ‘a lot more work to do’ to bring down inflation

Bowman said Tuesday she expects more interest rate increases ahead, with higher rates to prevail for a while until inflation is subdued.

Published 10 January 2023
Categorised as Finance News

How Paul Tudor Jones is looking at the stock market this year and the chances for a comeback

The founder and chief investment officer of Tudor Investment said he believes the Fed will stop short of breaking the economy, engineering a soft landing.

Published 10 January 2023
Categorised as Finance News

Powell stresses need for Fed’s political independence while tackling inflation

The central bank leader noted that stabilizing prices requires making tough decisions that can be unpopular politically.

Published 10 January 2023
Categorised as Finance News

Mega Millions jackpot is $1.1 billion. How big winners can prep for ‘the inevitable asking for money’ from family, friends

While winning can make you a target for people seeking to benefit from your newfound wealth, there are ways to minimize the requests for money.

Published 10 January 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Oak Street Health, Frontline, Boeing and more

These are the stocks posting the largest moves in premarket trading.

Published 10 January 2023
Categorised as Finance News

Coinbase to slash 20% of workforce in second major round of job cuts

CEO Brian Armstrong pointed to more pressure on the crypto sector thanks to “unscrupulous actors in the industry.”

Published 10 January 2023
Categorised as Finance News

Mark Cuban says he doesn’t need his billions: I’d ‘for sure’ be just as happy with 1% of my net worth

An interviewer asked Mark Cuban if he’d be as happy with just 1% of his $4.6 billion net worth. ‘If I had my same family and everything, for sure,’ Cuban said.

Published 10 January 2023
Categorised as Finance News

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