Tuesday, December 13, 2022

FTX founder indicted on eight criminal charges including fraud and conspiracy

The Securities and Exchange Commission charged Sam Bankman-Fried on Tuesday with defrauding investors in his failed crypto exchange FTX.
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FTX founder indicted on eight criminal charges including fraud and conspiracy
The Securities and Exchange Commission charged Sam Bankman-Fried on Tuesday with defrauding investors in his failed crypto exchange FTX. Read more »
 
Inflation is finally falling. But the days when prices rose just 2% may never return
For the first time in decades, people in Europe and North America have been forced to contend with the harsh consequences of rapid inflation. That's meant higher grocery bills, wages that don't stretch as far and savings that lose value. For some, it's meant choosing between heating their homes and putting food on the table. Read more »
 
Inflation cooled more than expected in November
Inflation in November rose 7.1% annually, down from 7.7% in October, according to the Bureau of Labor Statistics' closely watched Consumer Price Index. Read more »
 
Sears Hometown files for Chapter 11 bankruptcy protection
The "other Sears" is in financial turmoil, just like its more famous former parent company. Read more »
 
OJ prices are rising: Florida orange production expected to fall to lowest level in over 80 years
The combination of extreme weather and a disease impacting citrus fruit is expected to drive down Florida's orange crop to its lowest level since before World War II, shrinking the state's already dwindling supply and promising to send orange juice prices even higher. Read more »
 
How the Fed could do a smaller rate hike and still upset markets
The Federal Reserve is expected to respond to persistently high inflation by hiking interest rates half a point on Wednesday. That will mark its seventh and final painful hike of the year, albeit a smaller one than the last four historically high three-quarter point increases. Read more »
 
 
 
 
Dow Nasdaq S&P
+103.60   +113.08   +29.09
34,108.64   11,256.81   4,019.65
+0.30%   +1.01%   +0.73%
YTD -6.14%   YTD -28.05%   YTD -15.66%
 
Biggest Winners
Halliburton Co +7.87%
 
Epam Systems Inc +5.35%
 
Cooper Companies Inc +5.00%
 
West Pharmaceutical Services Inc +4.40%
Biggest Losers
Centene Corp -4.22%
 
Delta Air Lines Inc -4.00%
 
M&T Bank Corp -3.56%
 
Regions Financial Corp -3.31%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $75.26 +2.09 / +2.86%
Gold $1,822.20 +29.90 / +1.67%
10-yr 3.50% -0.11
Euro $1.06 +0.01 / +0.86%
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