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NEW YORK (AP) – Sam Bankman-Fried authorized the illegal use of FTX customers´ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange´s earliest days, FTX´s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. The Nasdaq composite rose 211.51 points, or 1.6%, to 13,431.34 The Russell 2000 index of smaller companies rose 14.05 points, or 0.8% to 1,745.56.
The S&P 500 rose 50.31 points, or 1.2%, to 4,308.50. The Dow Jones Industrial Average rose 288.01 points, or 0.9%, to 33,407.58. Since mid-summer, the yield on the 10-year Treasury note has steadily climbed, causing a spillover rise in other borrowing costs. The jump in longer-term rates coincides with other threats, from higher gas prices and this week´s resumption of student loan payments to autoworkers´ ongoing strike and the risk of a government shutdown next month.
WASHINGTON (AP) – Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve´s drive to tame inflation without causing a deep recession. The costs of mortgages, auto loans and credit card debt have all risen in response. The collective impact of higher rates across the economy could also weaken the government´s own finances. If you treasured this article so you would like to obtain more info with regards to phil168 online casino login please visit the page. ARC has refused to issue a full-scale recall, setting the stage for the possible court fight.
WASHINGTON (AP) – The U.S. The National Highway Traffic Safety Administration held a public hearing Thursday on air bags made by ARC Automotive of Tennessee. Thursday´s hearing was one of the final steps before the agency can issue a formal recall order and take the case to court for enforcement. At least 25 million vehicles containing ARC-made air bags could be affected. The company maintains that no safety defect exists. government appears poised to order a recall of millions of air bag inflators due to a manufacturing flaw that could send metal shrapnel rocketing through a car interior.
Under the Inflation Reduction Act buyers can transfer the credits to dealers, which can apply them at the point of sale starting Jan. This year eligible buyers can receive the credits, but they have to wait until they file their 2023 federal income tax returns to get the money.