Author: iannouncethis.com

Sam Bankman-Fried’s lawyers made a third attempt to secure his temporary release from prison, but a New York court denied their request just days before his trial begins in October. District Court Judge Lewis Kaplan ruled that Bankman-Fried must stay at the Brooklyn Metropolitan Detention Center (MDC) since his defense attorneys were unable to provide sufficient reasons for his release. With the trial slated to start Oct. 3, SBF lawyers argued that his release would be crucial in preparing an adequate defense against seven criminal charges including wire fraud. Judge Kaplan found the bid for Bankman-Fried’s release insufficient, siding with…

Following the death and destruction from World War I, leaders of some of the world’s major powers held a conference in Paris to sign the Treaty of Versailles. Unfortunately, the combination of a poorly designed peace treaty and a global economic crisis in the modern world culminated in conditions ripe for World War II. Key Takeaways World War II began when Britain and France declared war on Germany on Sept. 3, 1939.While World War II was a geopolitical event with underlying economic causes.Reparations imposed on Germany following WWI left the country poorer, leading to economic woes and resentment amongst its…

Michael Novogratz, Galaxy Digital founder and CEO, joins ‘Squawk Box’ to discuss the latest market trends, the impact of A.I. on markets, the future of bitcoin, crypto regulatory hurdles, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC…

Oil futures topped $95 per barrel for the first time in a year, as traders react to dwindling inventories. The lead West Texas Intermediate contract CL00, +0.04% rose 14 cents to $93.82, having hit a high of $95.03. Brent BRN00, -0.20%, the global benchmark, rose as high as $97.69. The Energy Information Administration reported that crude stocks at the Cushing, Okla. delivery hub fell to under 22 million barrels. Analysts at Saxo Bank say that is close to operational minimums and lowest since the seasonal lows of 2014. “Market focus is shifting back to the tightening in the physical market,…

Johnson Controls International PLC JCI, +0.66% said late Wednesday a recent cybersecurity incident disrupted operations and could possibly interfere with earnings. In a filing late Wednesday with the Securities and Exchange Commission, the building infrastructure supplier said it is investigating an undated cybersecurity incident along with outside experts. Johnson Controls said the incident caused disruptions in portions of the company’s internal IT infrastructure and apps, but that “many of the company’s applications are largely unaffected and remain operational.” The incident, however, “has caused, and is expected to continue to cause, disruption to parts of the company’s business operations,” Johnson Controls…

Bitcoin price attempted a fresh increase above the $26,500 resistance. However, BTC failed to settle above $26,700 and reacted to the downside. Bitcoin is still struggling to clear $26,500 and $26,700. The price is trading above $26,200 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $26,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could again climb higher unless there is a close below $26,200 and $26,000. Bitcoin Price Faces Uphill Task Bitcoin price started a decent recovery wave from the $26,000 support zone.…

People living in the Prime property markets are optimistic about an incoming Labour government, after current leader Keir Starmer distanced the party from the policies of his predecessor. Former leader Jeremy Corbyn proposed policies like mansion taxes, which has since been ruled out by Starmer. Meanwhile it’s thought changes to capital gains tax are highly unlikely. Mark Parkinson, managing director of Middleton Advisors, said: “Our research suggests cause for optimism ahead of next year’s general election. “The likelihood of an incoming Labour government no longer feels like a massive threat to prime property markets in London and the country. “We…

You don’t need a doctoral degree in finance to calculate your portfolio’s investment returns. A few principles are enough to make even the most math-phobic savvier investors. Knowing your potential returns is not simply wise; it is essential. Your investment returns can be calculated by comparing their current and initial values while accounting for dividends or interest earned. Although you can’t predict exactly how your investment portfolio will perform, you will better understand each asset’s expected gains while gauging consequential factors such as downside risk, market conditions, and the time each investment will take to realize its returns. Key Takeaways…

Peter Smith, Co-Founder & CEO of Blockchain.com, shares his views on what’s next for crypto as an asset class amid an evolving regulatory landscape with Bloomberg’s Jennifer Zabasajja at the 2023 Qatar Economic Forum. The government of the State of Qatar is the underwriter of the Qatar Economic Forum, powered by Bloomberg. ——– Subscribe to Bloomberg Live on YouTube: https://www.youtube.com/channel/UC7UFcUbAd8oyCBWCogVpJ6g?sub_confirmation=1 source

The streak without an outlier day is over! Thursday’s S&P 500 close was enough to qualify as an outlier day. An outlier day is any trading day, up or down, that is beyond 1.50%. Prior to last week, the S&P 500 had gone since early May without a single outlier day. During a typical, bull market year, markets will experience between 10-20 outlier days. So far in 2023, there have been 14 outlier days, with 10 coming in the first three months of the year. None had occurred between May 5 and September 21. The streak of consecutive days without an…