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sam bankman-fried, bankman-fried, ftx, binance, ftx, cryptocurrency, crypto exchange, bankrupt
Trading Insights

What Happened to FTX & Sam Bankman-Fried?

The former CEO of FTX has officially stepped down following a crypto-crisis that sent his net worth plunging, from $16B to $0. The ex-billionaire is now being grilled by Congress over his involvement in the crypto-conundrum.

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FOMC, fed, cpi, payrolls, u.s. payrolls,
Trading Insights

October Payrolls Are In & Unemployment is Rising — What it Means

US Payrolls are in, unemployment AND wages are both higher than expected, and markets are… not sure how they feel about it. Higher unemployment means the Fed is closer to realizing its goal of a “softer” labor market — but with wages continuing to rise, battling the problem of wage-flation could become a drawn out affair. A Fed that wants higher unemployment and lower wages may sound awful, but they believe they’re doing the right thing. Read on to discover their reasoning.

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