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Early Tuesday morning, the Securities and Exchange Commission filed charges against Sam Bankman-Fried, alleging the 30-year-old disgraced founder of FTX orchestrated a scheme to defraud the company’s equity investors. “We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” SEC Chair Gary Gensler said in a release. “The alleged fraud committed by Mr. Bankman-Fried is a clarion call to… Source link

Wednesday’s single-game Yahoo contest features the reigning champions France (62 percent to win) versus a resilient Morocco squad that has been elite on the defensive side of the ball in this tournament. The implied goal total is roughly two-and-a-half, but the Northern Africans will no doubt be looking to turn the matchup into a low-scoring affair. Depending on how things shake out, a few different DFS strategies will be in play during this crucial semi-final clash. For detailed stats and… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, December 13, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. At this point, Americans and investors have gotten the message: inflation may be moderating, but it’s still high. Economists predict later… Source link

Tuesday is packed to the gills with NHL action. If you like hockey, this is the day for you. There are 12 games on the docket, so you are spoiled for choice for your DFS lineups. Having said that, to help you hone in, here are some recommendations for players to target, and also to avoid. GOALIE Matt Murray, TOR vs. ANA ($39): Murray has made 10 appearances this season and has posted a 2.50 GAA and .926 save percentage. The Ducks are down in the bottom three in goals per game, and they are… Source link

Share Tweet Share Email Yahoo has announced new interoperability partnerships, including Alliant, AdPredictive, and Tealium, for its cookieless identity solution, Yahoo ConnectID. The new partners add more power to the platform and support for Yahoo ConnectID, as advertisers and publishers seek a privacy-first solution to drive campaign personalisation, performance and measurement.  Yahoo ConnectID now reaches over 290 million addressable users globally, up 40 million users since the start of… Source link

Bahamian authorities arrested former FTX founder and CEO Sam Bankman-Fried Monday evening. The development comes the day before Bankman-Fried had agreed to testify before the U.S. House Financial Services Committee regarding the collapse of his Nassau-based exchange. According to a statement shared by the Bahamian Office of the Attorney General & Ministry of Legal Affairs, the Royal Bahamas Police detained Bankman-Fried following receipt of formal notification from the United States it has… Source link

By Jasper Ward, Luc Cohen and Angus Berwick (Reuters) -FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of U.S. prosecutors on Monday, the day before he was due to testify before Congress about the abrupt failure last month of one of the world’s largest cryptocurrency exchanges. The arrest marks a stunning fall from grace for the 30-year-old entrepreneur who rode a boom in bitcoin and other digital assets to become a billionaire many times over until FTX’s rapid… Source link

Inflation is expected to have slowed again last month, though price increases facing U.S. consumers remain near 40-year highs — even as the Federal Reserve raises interest rates at the fastest pace in decades. The Bureau of Labor Statistics’ November Consumer Price Index (CPI) is scheduled for release at 8:30 a.m. ET on Tuesday. Economists surveyed by Bloomberg expect headline prices rose 0.3% over the prior month and 7.3% over last year. In October, inflation rose 0.4% over the prior month… Source link

Ahead of Tuesday’s U.S. House Financial Services Committee hearing on FTX, John Jay Ray III, FTX’s new CEO since bankruptcy, filed written testimony which outlines several “unacceptable management practices,” the new CEO uncovered at the bankrupt crypto exchange. Ray said in prepared remarks FTX’s demise was due to “the absolute concentration of control in the hands of a very small group of grossly inexperienced and unsophisticated individuals.” Additionally, Ray, who led the liquidation of… Source link

As demand for cosmetics remains resilient, Ulta (ULTA) is proving to be a standout among retailers, according to one analyst. “The consumer has various reasons to shop beauty,” Jessica Ramirez, research analyst at Jane Hali & Associates, told Yahoo Finance Live (video above). “And alone from beauty being a great category at the moment, Ulta has also been a very modern retailer with a very modern retail strategy in place, which… is future-proof for when times are difficult and other… Source link