Bankman-Fried execs likely to be freed on bail right after FTX fraud pleas

Important Factors

FTX co-founder Gary Wang and Alameda Exploration CEO Caroline Ellison lower a offer with federal prosecutors for $250,000 bail and travel limitations as element of their plea discounts in FTX’s implosion.
Ellison and Wang were being two of Sam Bankman-Fried’s prime executives and were being intricately concerned in executing his multibillion-dollar fraud, according to federal charges and regulatory problems.

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Finance

Trump signals he has a favorite for Fed chair: ‘Down to maybe one, in my mind’

January 21, 2026

Key Points President Donald Trump said Wednesday he is nearing the end of a search to replace Federal Reserve Chair Jerome Powell and hinted he has his candidate in mind. “I’d say we’re down to three, but we’re down to two. And I probably can tell you, we’re down to maybe one, in my mind,” […]

Finance

Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise

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Key Points President Donald Trump urged Congress to pass a law limiting credit card interest rates to 10%. It followed a social media post where he urged banks to set that cap. The banking industry has criticized the proposal. Source

Finance

Berkshire prepares to exit 28% stake in Kraft Heinz as new CEO aims to move on from rare Buffett gaffe

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Warren Buffett, Greg Abel and Ajit Jain during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Berkshire Hathaway, with new CEO Greg Abel in charge, has taken a formal step toward unwinding a rare misstep by Warren Buffett. The conglomerate, which owns GEICO insurance and BNSF Railway, registered its […]