CFTC piles on with new prices from Bankman-Fried

CFTC piles on with new prices from Bankman-Fried


Vital Factors
  • The Commodity Futures Buying and selling Commission has unveiled new rates versus Sam Bankman-Fried, alleging that FTX commingled client funds and that Bankman-Fried violated the Commodities Exchange Act.
  • The charges appear just before prosecutors in the Southern District of New York are predicted to unveil legal rates in opposition to Bankman-Fried, who is languishing in Bahamian jail following staying seized Monday night by regulation enforcement there.



Resource

Moody’s says the banking system, private credit markets are sound despite worries over bad loans
Finance

Moody’s says the banking system, private credit markets are sound despite worries over bad loans

Key Points Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to Marc Pinto, Moody’s head of global private credit. “One cockroach does not a trend make,” Pinto said. Market sentiment appeared to improve Friday after a sell-off Thursday. Source

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Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion
Finance

Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion

Key Points Pony.ai’s Luxembourg unit and Stellantis said Friday they will work together on testing robotaxis for Europe. The companies will start testing in Luxembourg in the coming months, before expanding to other parts of Europe next year. The agreement comes as Waymo this week announced plans to start testing robotaxis in London. Source

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Stocks making the biggest moves after hours: Novo Nordisk, Interactive Brokers, CSX and more
Finance

Stocks making the biggest moves after hours: Novo Nordisk, Interactive Brokers, CSX and more

Check out the companies making headlines in after-hours trading. CSX Corporation — Shares of the railroad jumped 2% on the back of its strong quarterly results. CSX reported adjusted earnings of 44 cents per share on revenue of $3.59 billion for its third quarter, just beating analysts’ earnings expectations of 42 cents per share on […]

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