Caroline Ellison, the former chief executive officer of Alameda Research, arrived in court ahead of her testimony for the Sam Bankman-Fried trial, making her first public appearance since Alameda and FTX collapsed into bankruptcy a year ago. Ellison arrived as Gary Wang, the co-founder of FTX, was under cross-examination by Bankman-Fried’s lawyers. Ellison, who was … Read more
Business Of Sports If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and … Read more
The first days of the former cryptocurrency billionaire Sam Bankman-Fried’s criminal trial, in lower Manhattan, unfolded during an unseasonably warm spell in early October. On Wednesday, Bankman-Fried, who is well known for his propensity for casual clothes and for wearing a mop of shaggy hair, arrived in court from a federal prison in Brooklyn in … Read more
AI’s ‘Moneyball’ Approach to Beating Human Stock Pickers Bloomberg Source link
The trial of Sam Bankman-Fried, the former CEO of a major cryptocurrency exchange FTX, begins on Tuesday, marking a pivotal moment in a story of rapid ascent and a dramatic fall from grace. Sam Bankman-Fried’s Ascent Fraud trial of Sam Bankman-Fried, the founder of failed cryptocurrency brokerage FTX, begins Tuesday with jury selection. (AP Photo/Seth … Read more
September 19, 2023 at 2:10 PM EDT Let’s say you own a bunch of stocks, say $1 million worth of the stocks in the S&P 500 Index. You think they will go up (that’s why you own them), but you worry that they might go down. You can buy insurance against that risk: You can … Read more
Three high-profile endorsers of the failed FTX cryptocurrency exchange – including NFL quarterback Trevor Lawrence – agreed to settle claims they helped dupe investors who lost billions in the meltdown of Sam Bankman-Fried’s digital-asset empire. The proposed agreements with Lawrence, a star for the Jacksonville Jaguars, and YouTube influencers Kevin Paffrath and Tom Nash were … Read more
An oil pumpjack pulls oil from the Permian Basin oil field on March 14, 2022 in Odessa, Texas. Joe Raedle | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
Drilling rigs sit unused on a companies lot located in the Permian Basin area on March 13, 2022 in Odessa, Texas. Joe Raedle | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more