FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund. The sentence in Manhattan federal court was significantly less than the 40 to 50 years in prison that federal prosecutors wanted […]
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After a difficult application year, college hopefuls have a ‘love-hate relationship’ with ‘Ivy Day,’ expert says
Harvard University’s Dunster House in Cambridge, Massachusetts. Blake Nissen for The Boston Globe via Getty Images March 28 is “Ivy Day,” when the nation’s top schools release long-awaited admissions decisions. A fascination with the eight private colleges that comprise the Ivy League spans decades. It is only now, some say, that […]
SBF sentencing live updates: FTX founder says he made ‘selfish decisions’ at failed crypto exchange
FTX founder Sam Bankman-Fried told a judge at his criminal sentencing hearing that he made a “series of selfish decisions” at the failed cryptocurrency exchange. “They built something really beautiful and I threw all of that away,” Bankman-Fried said of his co-workers at FTX. “It haunts me every day.” SBF […]
BlackRock CEO Larry Fink says 65 retirement age is too low. Here’s what experts say
BlackRock CEO Larry Fink speaks during the New York Times DealBook Summit Nov. 30, 2022 in New York City. Michael M. Santiago | Getty Images News | Getty Images The idea of raising the Social Security retirement age has one more fan: BlackRock Chairman and Chief Executive Larry Fink. “No […]
Rents across the U.S. grew for the first time in 6 months — only Arizona saw price drops in every metro
Ascentxmedia | E+ | Getty Images Rent prices for one- and two-bedroom apartments grew in March for the first time in six months. The monthly cost for a one-bedroom apartment across the U.S. bumped up to $1,487, a 0.3% increase from February. The price of a typical two-bedroom apartment also […]
Betting on March Madness? Don’t forget to report your winnings to the IRS
If you make bets on the March Madness college basketball tournament, don’t spend all of your winnings right away. That’s because the Internal Revenue Service considers all money made from gambling to be taxable income, which means that anywhere between 10% and 37% of the winnings will be owed as […]
SLB to invest nearly $400 million in carbon capture company in push to scale technology
Schlumberger Limited logo and models of an oil rig and oil barrels are pictured in this illustration photo taken in Kyiv on 19 August, 2021. Nurphoto | Nurphoto | Getty Images The oilfield services giant SLB, formerly known as Schlumberger, is aiming to accelerate the deployment of carbon capture technology […]
Xiaomi releases electric car $4k cheaper than Tesla’s Model 3 as price wars heat up
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model 3, as […]
Schlumberger to invest nearly $400 million in carbon capture company in push to scale technology
Schlumberger Limited logo and models of an oil rig and oil barrels are pictured in this illustration photo taken in Kyiv on 19 August, 2021. Nurphoto | Nurphoto | Getty Images The oilfield services giant SLB, formerly known as Schlumberger, is aiming to accelerate the deployment of carbon capture technology […]
Sell it, donate it or trash it? How to declutter, according to professional organizers
If you’re like my boyfriend and me, you’ve decided that now is the time to get rid of the various crap that has accumulated in your home over the winter. Maybe you’re not going full Marie Kondo, but at least want your coffee table to be free of papers, your […]