Sam Bankman-Fried’s Alameda quietly utilized FTX shopper cash without boosting alarm bells, say sources

Vital Details

Alameda Analysis, a trading organization founded by Sam Bankman-Fried, was investing billions of dollars from FTX accounts and leveraging the exchange’s indigenous token as collateral, in accordance to a resource.
Numerous staff and outdoors auditors were being unaware that FTX did not have plenty of cash to match purchaser withdrawals, the supply states.
3 sources common with the corporation advised CNBC that they were being blindsided by FTX’s missteps and that only a little cohort realized about the likely misuse of consumer deposits.

Supply

Using my phone as a Paris guidebook cost me — here’s how to save on your bill when traveling abroad

Finance

Using my phone as a Paris guidebook cost me $50 — here’s how to save on your bill when traveling abroad

August 9, 2025

Key Points There are a few ways to prevent your cell phone bill from increasing much while traveling internationally, experts said. Among their biggest tips: Consider a T-Mobile cell plan, buy an eSIM or rely solely on Wi-Fi networks. Source

EV sales soar as Trump axes ,500 tax credit: ‘People are rushing out’ to buy, analyst says

Finance

EV sales soar as Trump axes $7,500 tax credit: ‘People are rushing out’ to buy, analyst says

August 8, 2025

Key Points President Donald Trump’s so-called “big beautiful bill” ends a $7,500 EV tax credit after Sept. 30. Consumers are acting quickly to claim the tax credit before it disappears, according to analysts and sales data. Source

Finance

Stocks making the biggest moves midday: Gilead Sciences, Monster Beverage, Trade Desk, MP Materials, Sweetgreen and more

August 8, 2025

Check out the companies making headlines in midday trading: Trade Desk — Shares cratered 37% after a slew of Wall Street firms including Bank of America and MoffettNathanson downgraded the stock . While Trade Desk’s earnings were surprisingly strong, CEO Jeff Green warned revenue growth could slow in the third quarter. During the earnings call, […]