One of the world’s largest cryptocurrency exchange platforms is in major financial turmoil. FTX CEO Sam Bankman-Fried, who often goes by SBF, saw his estimated net worth drop by nearly $15 billion virtually overnight as his cryptocurrency exchange platform teeters on the brink of collapse. Between Nov. 8-9, Bankman-Fried’s net …
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Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty Images Higher interest rates, a potential recession and persistently high prices made consumers substantially less confident about the current state of the economy as well as where things are heading, …
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Election workers open mail in ballots at the Maricopa County Tabulation and Election Center in Phoenix on Nov. 11, 2022. Justin Sullivan | Getty Images It may take until December to know which political parties control both chambers of Congress after Tuesday’s midterm elections. But that does not mean your …
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The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images New role a ‘challenging assignment,’ former IRS commissioner says Biden’s nomination comes at a critical time for the agency. After another difficult filing season, the IRS is still wrestling with a backlog. As of Nov. 4, there were …
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Shipping containers at a container terminal at the Port of Long Beach-Port of Los Angeles complex, in Los Angeles, California, April 7, 2021. Lucy Nicholson | Reuters An increase in blanked. or canceled sailings, from Asia bound for the U.S. is hitting some of the biggest domestic ports hard, including …
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An aerial view of a Starship prototype stacked on a Super Heavy booster at the company’s Starbase facility outside of Brownsville, Texas. SpaceX While Elon Musk earns daily headlines over changes at Twitter, a significant reorganization is underway at his space company’s Texas launch facility. SpaceX president and COO Gwynne …
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U.S. President Joe Biden discusses the 2022 U.S. midterm election results during a news conference in the State Dining Room at the White House in Washington, November 9, 2022. Tom Brenner | Reuters U.S. President Joe Biden on Friday used a keynote speech at the UN’s COP27 climate conference to …
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Andy Cross | Denver Post | Getty Images Even before the coronavirus pandemic grounded U.S. airlines in March 2020, a shortage of qualified pilots was looming. Today, even though air travel has come back much stronger and earlier than expected — and major carriers are returning to profitability — the …
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Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Images Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 …
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Diane Macdonald | Stockbyte | Getty Images Even healthy infants face a considerable risk of hospitalization from respiratory syncytial virus, according to a large European study published Thursday. Dutch and British scientists, in a study published in Lancet Respiratory Medicine, found that 1.8% of healthy infants are hospitalized with RSV …
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