As Sam Bankman-Fried awaits jail, FTX customers await full repayment

As Sam Bankman-Fried awaits jail, FTX customers await full repayment

Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY As Sam Bankman-Fried prepares to face sentencing next month for his criminal fraud conviction tied to the epic collapse of FTX in 2022, former customers of the crypto exchange have reasons to believe they could actually recoup their money. Bankman-Fried, who could spend the rest of his life behind bars, was found guilty in November on seven criminal counts after roughly $10 billion in customer funds from his company went missing. Some of that money went to pay for Bankman-Fried’s lavish lifestyle, but much of it went...

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Putin hints at swapping Wall Street Journal reporter for Russian prisoner

Putin hints at swapping Wall Street Journal reporter for Russian prisoner

U.S. journalist Evan Gershkovich, who was detained in Russia on spying charges, is escorted out of the Lefortovsky Court building in Moscow on Jan. 26, 2024. Alexander Nemenov | Afp | Getty Images Russian President Vladimir Putin said “an agreement can be reached” over the release of detained Wall Street Journal reporter Evan Gershkovich, signaling he is open to an exchange for a Russian prisoner serving time in Germany. Putin’s comments Tuesday were translated by the team of former Fox News journalist Tucker Carlson, who carried out the Kremlin leader’s first interview with the Western media since Moscow’s invasion of...

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I was miserable in my 30s. Then I turned 50 and I’ve never been happier—here’s the No. 1 reason why

I was miserable in my 30s. Then I turned 50 and I’ve never been happier—here’s the No. 1 reason why

Why higher emotional intelligence boosts happiness Emotional intelligence, which is the capacity to understand and control our emotions, as well as being sensitive to others’ feelings, nurtures our relationships and boosts our empathy. This can lead to stronger social connections. And as we age, our social bonds become even more vital to our well-being. With higher emotional intelligence, you’re also better equipped to grasp and empathize with the emotions of others, fostering deeper, more fulfilling relationships. Here’s how my emotional intelligence has grown since I’ve gotten older: 1. I feel more compassion for others As I age, I’ve softened …...

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Somali pirates are back on the attack at a level not seen in years

Somali pirates are back on the attack at a level not seen in years

PUNTLAND, SOMALIA – JANUARY 29: Puntland Maritime Police Forces (PMPF) are patrolling against the recently increasing pirate attacks off the coast in Puntland, Somalia on January 29, 2024. (Photo by Abuukar Mohamed Muhidin/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Somali pirates are back on the attack, with piracy around the Horn of Africa rising sharply in recent months and adding to concerns for shipping vessels, government forces and private security already locked in a battle in the Red Sea with Houthi rebels. Over the past three months, there has been more piracy in the Horn of Africa...

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Eli Lilly (LLY) earnings Q4 2023

Eli Lilly (LLY) earnings Q4 2023

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.  Brendan McDermid | Reuters Eli Lilly on Tuesday reported fourth-quarter revenue and adjusted earnings that topped expectations on the strong launch of its new weight loss drug, Zepbound, and higher prices for its blockbuster diabetes treatment, Mounjaro. Zepbound, which won approval from U.S. regulators in early November, raked in $175.8 million in sales for the fourth quarter. The quarterly results are the first to include sales of Zepbound, which some analysts say could post more than a billion dollars in sales...

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Delivery Hero (DHER) unaudited earnings released after stock plunge

Delivery Hero (DHER) unaudited earnings released after stock plunge

Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Delivery Hero shares sank Monday morning, extending losses from last week, as investors reacted to preliminary financial results released by the company. Shares of Delivery Hero were down 8% at one stage during the morning session before paring losses to trade 4% lower by 11 a.m. London time. The financials, which were unaudited and released a week early, show the Germany-based company grew sales in line with its guidance last year and is forecasting stronger profitability...

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Biden nets landslide victory in South Carolina Democratic primary, over 95% of votes

Biden nets landslide victory in South Carolina Democratic primary, over 95% of votes

U.S. President Joe Biden reacts as he attends the opening of the Biden for President campaign office in Wilmington, Delaware, U.S., February 3, 2024.  Joshua Roberts | Reuters President Joe Biden won a landslide victory in South Carolina’s Democratic primary Saturday, where voters sent a clear message that they are ready for Biden to pivot to the November election. As of 12:00 a.m. ET, Sunday, Biden had won 96.2% of ballots cast, with 97% of the total votes tallied. The other two Democrats on the ballot, House Rep. Dean Phillips, D-Minn., and self-help author and 2020 Democratic candidate Marianne Williamson...

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LVMH luxury watches at Watch Week in Miami

LVMH luxury watches at Watch Week in Miami

Luxury giant LVMH is making a push to gain share of the global luxury watch business, with a newly formed watch division and an array of new, higher-priced models. Sales of luxury watches worldwide are estimated at about $30 billion this year, according to market research firm IMARC Group. They’re expected to grow to more than $37 billion by 2032, as global wealth increases and Generation Z and millennials become more interested in high-end mechanical watches. LVMH’s jewelry and watch division posted sales of $11.8 billion in 2023, representing a 7% increase in organic growth. The luxury giant now has...

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Apple’s biggest issues in China right now after sales plunged

Apple’s biggest issues in China right now after sales plunged

Apple CEO Tim Cook listens during a program at the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week at Apple Park in San Francisco, Nov. 17, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Apple is facing renewed challenges in China, one of its most critical markets. The iPhone giant’s sales in the greater China region in the December quarter fell nearly 13% to $20.8 billion. China was once seen as the major growth driver for the company but last year, cautious consumer sentiment combined with intense competition, in particular from a rejuvenated Huawei, posed a challenge to the Cupertino-based giant. And...

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Taylor Swift songs removed from TikTok after UMG spat

Taylor Swift songs removed from TikTok after UMG spat

Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Songs from artists signed to Universal Music Group have started disappearing from TikTok after the two sides failed to agree a new deal over content licensing, sparking a public spat. Music by artists including Taylor Swift and Drake was no longer available on TikTok when CNBC checked on Thursday morning. A licensing agreement between UMG and TikTok, which is owned by Chinese tech giant ByteDance, expired on Wednesday. UMG accused TikTok of bullying and intimidation in its contract...

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