On November 3rd, the extremely publicized trial of Former FTX CEO Sam Bankman-Fried came to an end, as the former Crypto King was found guilty of all seven charges that were brought against him. These charges included two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of money laundering conspiracy, and one count of commodities fraud.
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The recent collapse of Silicon Valley Bank, one of the top 20 largest American commercial banks, sent shockwaves throughout the banking industry. Trust in the American banking system was shaken across the board, raising questions regarding who was at fault for the collapse. Majority have directed the blame towards two parties: The Federal Reserve, and the executives at SVB.
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Since the invasion of Ukraine, tensions between Russian and Western powers have been steadily building. In an attempt to evade financial restrictions from the West, Russia has turned to its new alternative currency: the Chinese yuan.
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An already red-hot Electric Vehicle (EV) market was given another nudge of momentum when the U.S. Treasury recently updated their standards for what qualifies for a tax credit… These are specifically potent as EV makers focus more resources on developing different types of electric cars. Gone are the days of the one ton, shoebox SMART cars as SUVs, crossovers, vans, and pick up trucks litter the market.
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Renown rapper and businessman, Kanye West, now known as Ye, has been in headlines over the past few weeks for making various anti-Semitic comments and tweets. In the wake of these comments, large social media platforms such as Twitter and Instagram have taken action, locking Ye out of his accounts on their platforms.
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The NFL has long dominated the entertainment industry. In 2021, 23 of the top 25 telecasts were NFL games, the other two were Joe Biden’s Inaugural address, and an episode of The Equalizer, which came on directly after the Super Bowl.
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