Prosecutors drop a different charge from FTX co-founder Sam Bankman-Fried

Key Points

Federal prosecutors advised a Manhattan choose that they wouldn’t pursue a marketing campaign finance cost against FTX founder Sam Bankman-Fried following a procedural failing.
It is really the next time Manhattan prosecutors have had to forgo charging the billionaire, who is accused of precipitating the collapse of his crypto exchange via a multi-billion dollar fraud.
Bankman-Fried nonetheless faces several wire and securities fraud fees.

Resource

Stock and crypto trading site eToro prices IPO at per share ahead of Nasdaq debut

Finance

Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut

May 13, 2025

Key Points Israel-based stock brokerage platform eToro said it has priced shares at $52 for its IPO, above its expected range of $46 to $50. The retail trading platform filed for an IPO in March, but as tariff uncertainty rattled markets, the company temporarily shelved ITS plans. EToro scrapped a prior effort to go public […]

Finance

Stocks making the biggest moves midday: Nvidia, Boeing, Coinbase, First Solar and more

May 13, 2025

Check out the companies making the biggest moves midday: Nvidia — The chipmaker jumped 6% following the announcement it will sell more than 18,000 of its artificial intelligence chips to Saudi Arabian company Humain to be used in the latter’s 500 megawatt data center. UnitedHealth Group — The insurance stock tumbled 16% to trade at […]

Finance

Here’s the inflation breakdown for April 2025 — in one chart

May 13, 2025

Key Points The consumer price index declined to 2.3% in April from 12 months earlier, the lowest reading since February 2021. However, tariffs levied by President Donald Trump are expected to re-ignite inflation as soon as next month, according to economists. Prices declined for categories like gasoline, groceries, apparel, used cars and airline fares during […]