A selloff in global bond markets gathered pace, driving long-term borrowing costs in the US and Europe to the highest level in more than a decade, quashing appetite for riskier assets and dimming the outlook for growth.
Opening arguments start Wednesday as Sam Bankman-Fried stands trial accused of orchestrating one of the biggest financial frauds in American history. At his peak, was the crypto industry’s golden boy. He had $16 billion and a digital assets empire.Prosecutors will tell the court how Bankman-Fried directed the use of customer funds for trading at sister hedge fund Alameda Research, lavish property purchases in The Bahamas, executive loans and political donations at a time when Congress was grappl
A global financial rout paused Wednesday as Treasury yields found firmer footing and the dollar steadied after climbing to a 10-month high against a basket of Group-of-Ten peers.
Apple Inc. was downgraded at KeyBanc Capital Markets Inc., which said shares of the iPhone maker are trading near all-time high valuation levels though its sales growth is likely to slow.
Iceland’s central bank unexpectedly kept western Europe’s highest borrowing costs on hold as two and a half years of tightening begins to bite, cooling the island’s economy.
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