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Monthly Archives: October 2023

Former FTX engineer tells jury about panicky rooftop meeting with SBF

Government exhibit in Sam Bankman-Fried’s criminal trial Source: SDNY In afternoon testimony on Monday, former FTX engineering chief Nishad Singh told a Manhattan jury about two one-on-one meetings he held with Sam Bankman-Fried last year to discuss the dire state of the crypto firm’s finances. Singh, who joined sister hedge …

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How inexpensive AI side hustle DimeADozen sold for thousands

Sal Aiello and Monica Powers built their lucrative side hustle in four days — and spent less than $200 to get it off the ground. At first, they started running their side hustle ideas past ChatGPT, using the generative artificial intelligence chatbot as a starting point for market research. Then, …

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Workers ask for emergency savings accounts as job benefit, survey says

Traditional retirement plans aren’t enough For years, employers’ financial benefits mostly focused on offering robust workplace retirement plans. Yet, when asked where they would put an extra $600 provided by an employer, workers in the EBRI survey said they would spread it out — putting $192 toward funding retirement, $171 …

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53% of Gen Z see high cost of living as a barrier to financial success

Martin-dm | E+ | Getty Images Gen Zers are cutting back on spending. More than half — 53% — say a high cost of living is a barrier to their financial success, according to a new survey from Bank America. Nearly 3 in 4 young adults surveyed — 73% — …

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Series I bonds rate could top 5% in November. Here’s what to know

larryhw | iStock / 360 | Getty Images The annual rate for newly bought Series I bonds could top 5% in November — and there are several things to consider before adding more to your portfolio, experts say.   November’s rate for new purchases could be higher than the current 4.3% …

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FTX top engineer says Bankman-Fried spent $1.13 billion on celebrities

Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, on Monday, Oct. 16, 2023. Yuki Iwamura | Bloomberg | Getty Images Nishad Singh, FTX’s former director of engineering, told jurors on Monday that Sam Bankman-Fried, the founder of the failed crypto exchange, …

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Meta’s open source approach to AI puzzles Wall Street, techies love it

Meta founder and CEO Mark Zuckerberg speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023. Josh Edelson | AFP | Getty Images At Meta’s annual Connect conference last month, virtual reality enthusiasts gathered to hear about Mark Zuckerberg’s multibillion-dollar bet on the metaverse, …

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DeFi founder Ishan Bhaidani raised concerns month before collapse

On Nov. 11 2022, cryptocurrency exchange FTX filed for bankruptcy after users withdrew around $6 billion in funds from the exchange and Binance, a competing offshore crypto exchange, backed out of a deal to buy the company. And now, less than a year later, Sam Bankman-Fried, FTX’s founder and CEO, …

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Without student loan forgiveness, dual enrollment can cut debt

Dual enrollment is growing in popularity More students are catching on, according to a recent report by the National Student Clearinghouse Research Center, which showed a 12.8% jump in dual enrollment since 2022. At Post University’s High School Academy in Waterbury, Connecticut, the number of students enrolled has spiked since the program launched …

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Tether freezes crypto wallets linked to terrorism in Israel, Ukraine

The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.” Justin Tallis | AFP via Getty Images Tether froze 32 virtual wallets linked to crypto-funded terrorism and warfare in Israel and Ukraine, according to a media release published Monday. …

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