House Financial Services Committee Chairwoman Maxine Waters said in a tweet on Wednesday that a subpoena for FTX CEO Sam Bankman-Fried to testify "is definitely on the table" at a Dec. 13 hearing about the dive bomb his crypto exchanged experienced last month, despite reports indicating she had no plans to subpoena him. Still, the…
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Image source, Getty ImagesImage caption, Sunny Balwani was convicted on 12 counts of wire fraud and conspiracy to commit wire fraud in JulyBy Madeline HalpertBBC News, WashingtonRamesh "Sunny" Balwani, the business partner of disgraced Theranos founder Elizabeth Holmes, has been sentenced to nearly 13 years in prison. Balwani was convicted in July of 12 counts…
Indexes close higher following afternoon rallyAll three indexes ended higher Wednesday, coming off a rally on the back of Fed Chair Jerome Powell's comments.The Dow closed up 737.24 points, or 2.18%, to 34,589.77. Meanwhile, the Nasdaq Composite jumped 4.41% to 11,468.00. The S&P 500 added 3.09% to 4,080.11.That marked a reversal from earlier in the…
Medtronic falls to lowest level since March 2020One more stock hit a fresh 52-week low in addition to the open. Shares of Medtronic were trading at lows not seen since March 2020. Meanwhile, two new stocks were trading at new 52-week highs after the open. Shares of Ross Stores traded at levels not seen since…
The Dow Jones Industrial Average rose Friday, notching a gain during the holiday-shortened trading week.The Dow rose 152.97 points, or 0.45% to 34,347.03, marking the third consecutive session of gains. The S&P 500 fell 0.03% to end the day at 4,026.12. The Nasdaq Composite slipped 0.52% to 11,226.36, weighed down by shares of Activision Blizzard,…
Video shows workers clash with police at world's largest iPhone assembly factory 01:30 - Source: CNN Hong Kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces…
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Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey.Michael Loccisano | Getty ImagesPeloton posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue.The company's shares fell nearly 10% in morning trading Thursday. As…
Holding out for one of the best Black Friday TV deals? Well, you might not have to. Some of the best deals are already available from the likes of Amazon and Best Buy. As of right now, there's a 48-inch LG OLED TV that's just $569 at Best Buy (opens in new tab) as well as…