FTX's $1bn Lawsuit Against Founder Sam Bankman-Fried: A Tale of Misappropriated Funds and Criminal Charges
Finance
Former Fed Chair Bernanke Foresees Possible Last Rate Hike in July Amid Cooling Inflation
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Netflix Stock Dips After Earnings Report, but Analysts Remain Bullish
"Netflix, the streaming giant, recently reported its quarterly earnings, revealing a 2.7% rise in revenue to $8.2 billion, a figure that fell in line with the company's expectations. However, the increase was primarily attributed to a surge in new subscribers, rather than a significant uptick in advertising revenue. -
Blackstone Group Hits Trillion-Dollar Asset Milestone Amid Lowest Distributable Earnings in Two Years
"Before the start of U.S. stock trading on July 20, Blackstone Group, the world's largest asset management group, announced its Q2 performance.
The Latest
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JPMorgan Predicts Return of 'Super Cycle' and Potential Energy Crises Ahead
In the past two years, Goldman Sachs has been Wall Street's most bullish advocate for the energy market. They accurately predicted the epic surge in oil prices in 2022. However, this year's plummet in oil prices caught Goldman off guard, leading to the departure of their star analyst and chief commodity strategist, Jeff Currie. 
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Global Rate Hikes Nearing an End? Central Banks Face Unique Challenges
From September 20 to 22, over ten central banks from major economies, including the Federal Reserve, Bank of England, Bank of Japan, Central Bank of Brazil, and South African Reserve Bank, announced their latest monetary policy decisions. These announcements impacted nearly half of the G20 nations and five of the top ten globally traded currencies. 
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Central Banks Must Step Up Amid "Balance Sheet Recession" Concerns
On September 22, Gu Zhao Ming, Chief Economist of Nomura Research Institute, addressed the Bund Financial Summit, revisiting the concept of a "balance sheet recession." 
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China Intensifies Scrutiny on Quantitative Trading Amid Market Volatility - Report
In light of the ongoing challenges faced by China's stock market, regulators are intensifying their scrutiny on hedge funds and brokerages that employ quantitative trading strategies, according to Reuters. This move comes as public sentiment grows increasingly critical of sectors that can capitalize on stock price declines and market volatility. 
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Russia Stirs the Pot: Temporarily Halts Diesel and Gasoline Exports Amid Soaring Oil Prices
On September 21, the Russian government's press office announced on its website that Russia would implement a temporary ban on the export of gasoline and diesel to stabilize its domestic market. 
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Fed Holds Steady for Second Time This Year, Signals Another Rate Hike by Year-End
In the policy meeting that concluded on Wednesday, the Federal Reserve opted to keep rates unchanged, maintaining the federal funds rate target range at 5.25%-5.5%, in line with expectations. This marks the highest interest rate level in 22 years. 
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U.S. Dollar's Nine-Week Rally: Impacts and Insights
The U.S. dollar has been on a remarkable journey, marking its ninth consecutive week of gains since July, a trend that has caught the attention of market watchers and investors alike. This consistent upward trajectory has implications not only for the U.S. economy but also for international markets and companies with global exposure. 
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Oil Prices Nearing Triple Digits: Goldman Sachs Ups Brent Forecast Amid Robust Global Demand
As oil prices surge, Goldman Sachs, often dubbed the "standard bearer for commodities," has revised its oil price forecast upward. With tightening supply and robust demand, the return of oil prices to triple digits seems imminent. 
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Instacart's Strong IPO Signals a Return of Investor Risk Appetite
In a notable display of resilience, Instacart, the grocery delivery giant, made a robust debut on the Nasdaq, with its shares surging by 40%, opening at a commendable $42. This comes after the company's initial public offering (IPO) was priced at $30 a share, valuing the San Francisco-based firm at approximately $10 billion on a fully diluted basis. This valuation, however, was a significant drop from its peak private market valuation of $39 billion during the early days of the Covid pandemic in 2021. The opening price further elevated its valuation to around $14 billion. 
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Instacart's Rocky Road to IPO: From Unicorn Valuation to a $9.9 Billion Debut
The U.S. stock market is buzzing with IPO activity, and following in the footsteps of Arm, Instacart is making its sprint to Nasdaq. 
