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Could be 100-plus years, or mere decades

A jury of twelve found FTX founder Sam Bankman-Fried guilty of all seven criminal charges brought against him. The question of how long he’ll remain in prison, however, is one that Judge Lewis Kaplan will spend the next few months deliberating by himself. The no-nonsense 78-year-old judge is a veteran …

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Three hours were all the jury needed to convict Sam Bankman-Fried

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, January 3, 2023. David Dee Delgado | Reuters In Sam Bankman-Fried’s fraud trial, prosecutors won quickly by …

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Inside the courtroom when Sam Bankman-Fried found out he was guilty

Sam Bankman-Fried stands as forewoman reads the verdict to the court. Artist: Elizabeth Williams Just before 8 p.m. on Thursday, 12 jurors found Sam Bankman-Fried guilty of all seven counts against him. You could have heard a pin drop in the courtroom as the forewoman repeated the word “guilty” seven …

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Over 75% of US workers say they productive 4 days rather than 5

As younger generations, particularly Gen Z and Millenials, are aging to make up more of the workforce, workplace expectations from employees are shifting. One such shift is the increase in demands for a 4-day workweek. Among US workers, over 75% say they could complete their current workload in a four-day …

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U.S. payrolls increased by 150,000 in October, less than expected

The U.S. economy saw job creation decelerate in October, confirming persistent expectations for a slowdown and possibly taking some heat off the Federal Reserve in its fight against inflation. Nonfarm payrolls increased by 150,000 for the month, the Labor Department reported Friday, against the Dow Jones consensus forecast for an …

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Shipping giant Maersk announces 10,000 job cuts, warns of volatility

The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020. JONATHAN NACKSTRAND | AFP | Getty Images Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit …

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Don’t trust the stock market rally, strategist warns

LONDON — Stocks are heading for a bumper week, but there are many reasons to be wary, one strategist warned on Friday. “In short, we don’t believe this rally,” Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, told CNBC’s “Squawk Box Europe.” “We had a tough …

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Israel’s war with Hamas in Gaza is nothing like what it’s faced before

Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group Hamas continues, in this handout image released on November 1, 2023.  Israel Defense Forces | Reuters Israeli Prime Minister Benjamin …

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Neopets plans comeback in a vastly different era of gaming

Neopets CEO Dominic Law speaking at the gamescom Asia event in Singapore. Ever since the $4 million takeover of Neopets in July, Law and his team have been on a “reactivation campaign” to draw players back to the game. Koelnmesse Pte Ltd / gamescom asia Moving abroad can be a …

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Tesla boss Elon Musk says AI will create situation where no job is needed

Elon Musk, chief executive officer of Tesla Inc., at the AI Safety Summit 2023 at Bletchley Park in Bletchley, UK, on Wednesday, Nov. 1, 2023. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — Elon Musk thinks that artificial intelligence could eventually put everyone out of a job. The …

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