FTX, Sam Bankman-Fried facing possible consequences in Congress | LiveNOW from FOX
House Financial Services Committee Chair Maxine Waters told Democrats she doesn?t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a hearing about the crypto exchange?s rapid demise, according to people with direct knowledge of the conversation. Bankman-Fried replied to Rep. Waters, and the House Committee on Financial Services on Twitter. Writing, "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain. I'm not sure that will happen by the 13th. But when it does, I will testify."
House Financial Services Committee Chair Maxine Waters told Democrats she doesn?t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a hearing about the crypto exchange?s rapid demise, according to people with direct knowledge of the conversation. Bankman-Fried replied to Rep. Waters, and the House Committee on Financial Services on Twitter. Writing, "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain. I'm not sure that will happen by the 13th. But when it does, I will testify."
Theranos sentencing: Sunny Balwani gets 13 years in prison | LiveNOW from FOX
Former Theranos executive Ramesh ?Sunny? Balwani was sentenced to 13 years in prison for his role in a blood-testing technology scam that duped sophisticated investors and unwitting patients. His partner, Elizabeth Holmes, was sentenced to more than 11 years in prison.
Former Theranos executive Ramesh ?Sunny? Balwani was sentenced to 13 years in prison for his role in a blood-testing technology scam that duped sophisticated investors and unwitting patients. His partner, Elizabeth Holmes, was sentenced to more than 11 years in prison.
These US states are raising minimum wage in 2023, with 4 above $15
More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.
More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.
The world's most expensive cities in 2022
Here are the 11 cities in the world with the highest cost of living, according to an annual survey.
Here are the 11 cities in the world with the highest cost of living, according to an annual survey.
Still missing your tax refund? The IRS will soon pay you 7% interest
Taxpayers still waiting to receive their 2021 tax refund will soon be paid 7% interest on the money by the IRS – but the money is taxable.
Taxpayers still waiting to receive their 2021 tax refund will soon be paid 7% interest on the money by the IRS – but the money is taxable.
More Americans getting a second job as high inflation rages
High inflation is pushing more Americans to take on a side hustle.
High inflation is pushing more Americans to take on a side hustle.
Rail workers say deal to avoid strike won't resolve quality-of-life concerns
Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.
Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.
Economic expert breaks down November jobs report
With the latest jobs report released Friday morning, Dr. Mike Walden with N.C. State University spoke with LiveNOW from FOX's Josh Breslow to help break down the latest numbers.
With the latest jobs report released Friday morning, Dr. Mike Walden with N.C. State University spoke with LiveNOW from FOX's Josh Breslow to help break down the latest numbers.
FTX fallout: Sam Bankman-Fried speaks to media for first time since collapse | LiveNOW from FOX
In his first live appearance since the collapse of FTX, founder Sam Bankman-Fried took questions at the DealBook Summit regarding the now-bankrupt cryptocurrency exchange he founded. Bankman-Fried spoke remotely from the Bahamas, where FTX is headquartered, rather than appearing in person. He is reportedly under investigation by the Dept. of Justice and the Securities and Exchange Commission and may face extradition to the U.S. in the future. Bankman-Fried is also expected to testify before congressional committees in the weeks ahead.
In his first live appearance since the collapse of FTX, founder Sam Bankman-Fried took questions at the DealBook Summit regarding the now-bankrupt cryptocurrency exchange he founded. Bankman-Fried spoke remotely from the Bahamas, where FTX is headquartered, rather than appearing in person. He is reportedly under investigation by the Dept. of Justice and the Securities and Exchange Commission and may face extradition to the U.S. in the future. Bankman-Fried is also expected to testify before congressional committees in the weeks ahead.
How would a rail strike affect the U.S. economy?
With so many questions about a looming rail strike, LiveNOW from FOX's Josh Breslow spoke with Dr. Andrew Thomas at the University of Akron to get his take on the potential impacts.
With so many questions about a looming rail strike, LiveNOW from FOX's Josh Breslow spoke with Dr. Andrew Thomas at the University of Akron to get his take on the potential impacts.
DoorDash to cut 1,250 corporate jobs after COVID-19 pandemic hiring surge
Delivery company DoorDash is eliminating more than 1,200 corporate jobs, about 6% of its total workforce, saying it hired too many people when demand for its services increased during the COVID-19 pandemic.
Delivery company DoorDash is eliminating more than 1,200 corporate jobs, about 6% of its total workforce, saying it hired too many people when demand for its services increased during the COVID-19 pandemic.
Fed Chair to speak ahead of next interest rate hike
With the Fed Chair expected to speak Wednesday afternoon, LiveNOW from FOX's Josh Breslow spoke with FOX Business Network's Edward Lawrence about what Jerome Powell will say.
With the Fed Chair expected to speak Wednesday afternoon, LiveNOW from FOX's Josh Breslow spoke with FOX Business Network's Edward Lawrence about what Jerome Powell will say.
FTX Fallout: Blockfi files for bankruptcy following FTX collapse | LiveNOW from FOX
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit. FTX's own bankruptcy, however, all but sealed BlockFi's financial fate. BlockFi suspended withdrawals after FTX's failure, and it had hired bankruptcy specialists in recent days.
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit. FTX's own bankruptcy, however, all but sealed BlockFi's financial fate. BlockFi suspended withdrawals after FTX's failure, and it had hired bankruptcy specialists in recent days.
Early retirement could cost you thousands of dollars
New research by Boston University economists and the Federal Reserve Bank of Atlanta says only 6% of U.S. workers wait until the maximum age of 70 to claim all possible Social Security benefits.
New research by Boston University economists and the Federal Reserve Bank of Atlanta says only 6% of U.S. workers wait until the maximum age of 70 to claim all possible Social Security benefits.
Crypto collapse: new details on FTX, founder Sam Bankman-Fried | LiveNOW from FOX
FTX was one of the largest cryptocurrency exchange platforms in the world before it collapsed and filed for bankruptcy. The scandal started to unfold at the beginning of Nov. 2022, leaked financial data raised a red flag and U.S. regulators began investing the crypto firm. On November 10, 2022 FTX warned customers of a potential trading halt, filed for bankruptcy a day later on November 11 and then on November 12, announced that at least $1 billion dollars of customer deposits were stolen. Now, FTX and Bankman-Fried are scrambling to try and pay back customers as part of the bankruptcy deal but several experts warn that some people may never see their money returned. BitGo, a company hired by FTX following bankruptcy, says the amount of recovered and secured assets has likely risen above $1 billion. DigiBuild CEO Robert Salvador breaks down the fallout from the FTX collapse and what's next for Sam Bankman-Fried.
FTX was one of the largest cryptocurrency exchange platforms in the world before it collapsed and filed for bankruptcy. The scandal started to unfold at the beginning of Nov. 2022, leaked financial data raised a red flag and U.S. regulators began investing the crypto firm. On November 10, 2022 FTX warned customers of a potential trading halt, filed for bankruptcy a day later on November 11 and then on November 12, announced that at least $1 billion dollars of customer deposits were stolen. Now, FTX and Bankman-Fried are scrambling to try and pay back customers as part of the bankruptcy deal but several experts warn that some people may never see their money returned. BitGo, a company hired by FTX following bankruptcy, says the amount of recovered and secured assets has likely risen above $1 billion. DigiBuild CEO Robert Salvador breaks down the fallout from the FTX collapse and what's next for Sam Bankman-Fried.
Black Friday shopping underway in Central Florida
People are gathering at Tanger Outlets in Daytona Beach, Florida for Black Friday deals. FOX 35 Orlando's Matt Trezza joins LiveNOW from FOX's Josh Breslow for a live look at the shopping.
People are gathering at Tanger Outlets in Daytona Beach, Florida for Black Friday deals. FOX 35 Orlando's Matt Trezza joins LiveNOW from FOX's Josh Breslow for a live look at the shopping.
Shoppers head to stores near D.C. for Black Friday deals
No major lines at Tanger Outlets outside of Washington D.C., as Black Friday deals are underway. FOX 5 D.C.'s Ayesha Khan joined LiveNOW from FOX's Josh Breslow with a live look.
No major lines at Tanger Outlets outside of Washington D.C., as Black Friday deals are underway. FOX 5 D.C.'s Ayesha Khan joined LiveNOW from FOX's Josh Breslow with a live look.
Which stores are open on Thanksgiving Day?
Last minute Thanksgiving shoppers need to know... what stores are open today? FOX 35 Orlando's Matt Trezza talks with LiveNOW from FOX's Josh Breslow and has the answer.
Last minute Thanksgiving shoppers need to know... what stores are open today? FOX 35 Orlando's Matt Trezza talks with LiveNOW from FOX's Josh Breslow and has the answer.
Black Friday shopping interview with NRF director
Katherine Cullen, senior director of industry and consumer insights for the National Retail Federation, talks Black Friday shopping outlook.
Katherine Cullen, senior director of industry and consumer insights for the National Retail Federation, talks Black Friday shopping outlook.
Man who spoke against Ticketmaster merger speaks on Taylor Swift fiasco
David Balto, the former policy director of the Federal Trade Commission and a public antitrust lawyer, spoke to LiveNOW from FOX's Josh Breslow about the ongoing issue with Ticketmaster and Taylor Swift.
David Balto, the former policy director of the Federal Trade Commission and a public antitrust lawyer, spoke to LiveNOW from FOX's Josh Breslow about the ongoing issue with Ticketmaster and Taylor Swift.