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Wall Street News & Breaking Stories

Sam Bankman-Fried: Unraveling the Story of the Convicted Fraudulent Ex-Crypto Mogul
  • 3rd Nov 2023

Sam Bankman-Fried: Unraveling the Story of the Convicted Fraudulent Ex-Crypto Mogul

Sam Bankman-Fried, founder of cryptocurrency exchange FTX, has been convicted of one of the biggest financial frauds in US history. Bankman-Fried, who amassed a net worth of $26 billion before turning 30, used his wealth to gain political influence and hired celebrities to promote FTX as safe. However, prosecutors claim that his responsible image was a cover for embezzling customer funds. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy.

Calls to empower Patrick McHenry as Republicans again fail to select Speaker
  • 18th Oct 2023

Calls to empower Patrick McHenry as Republicans again fail to select Speaker

Growing opposition to Rep. Jim Jordan's bid for Speaker of the House has sparked calls to empower Rep. Patrick McHenry with new powers to get the House operational again. McHenry, who currently oversees the chamber as Speaker Pro Tempore, would be faced with challenges such as government spending fights and ongoing cryptocurrency efforts. The idea has gained support from prominent conservative figures, including three former GOP House speakers, and Democrats have also expressed support for expanding McHenry's authorities. However, the proposal faces challenges from Jordan and his allies, and the extent and duration of McHenry's powers are still up for debate.

  • 11th Oct 2023

"Rep. George Santos Indicted on 23-Count Superseding Indictment for Conspiracy, Wire Fraud, and More"

U.S. Rep. George Santos, R-N.Y., has been charged with conspiracy, wire fraud, and other offenses in a 23-count superseding indictment. The charges include stealing people's identities, making unauthorized charges on donors' credit cards, and lying to the Federal Election Commission. Santos allegedly inflated his campaign's reported receipts and submitted false reports to the FEC to mislead officials and the public. The indictment also alleges that Santos participated in multiple fraudulent schemes. His treasurer, Nancy Marks, has already pleaded guilty to related conduct. Santos has refused to resign and denies the new charges.

Fair Play Review
  • 7th Oct 2023

Fair Play Review

"Fair Play" is a gripping and intense thriller about a finance power couple navigating fractured egos and power dynamics.

A Federal Government Shutdown: What To Know
  • 21st Sep 2023

A Federal Government Shutdown: What To Know

The possibility of a government shutdown is looming large, after Republican leadership scrapped a procedural vote on a stopgap funding bill to keep the government running through October. Intraparty feuding between moderates and the hard-right lies at the heart of the GOP's inability to reach a compromise and highlights the challenge before House Speaker Kevin McCarthy (R-Calif.).

Movie Review: 'Dumb Money' recalls GameStop squeeze, when regular investors clashed with Wall Street
  • 20th Sep 2023

Movie Review: 'Dumb Money' recalls GameStop squeeze, when regular investors clashed with Wall Street

"Dumb Money" is a movie that tells the real story of a financial rebellion led by small investors against Wall Street. It focuses on the GameStop stock surge and the impact it had on hedge funds. The film aims to champion the little guy and shed light on the flaws of the financial system. The cast includes Paul Dano, Pete Davidson, America Ferrera, and Seth Rogen. The movie highlights the power of social media and the role it played in the stock market frenzy.

Billionaire Investors Load Up on Apple Stock: Should You?
  • 12th Sep 2023

Billionaire Investors Load Up on Apple Stock: Should You?

Billionaire investors are loading up on Apple stock, prompting retail investors to take a closer look. Apple's iPhone ecosystem is strong, and the company continues to share its success with shareholders. While there are concerns about declining sales and a high valuation, many believe Apple is still a good long-term pick.

What news can we find under Wall Street News Section?

Exploring What's Brewing on Wall Street

You know, as news buffs, we often fancy the idea of staying tuned in to 'Wall Street'. But have you ever paused and wondered: what exactly is this wide range of news under the umbrella term "Wall Street"? Well, stay with me here for a bit. This article will take you by hand and guide you through.

When someone says "I read about Wall Street", it's almost like saying they're checking out a sprawling marketplace where many vendors sell different yet interconnected products - each having their own tantalizing story. So what are these metaphorical vendors? Let's dig in!

Economic Happenings

The first stop on our guided tour happens to be economics. A large chunk of what goes down at Wall-Street revolves around economic trends & indicators such as GDP growth rates, employment stats or inflation records.

We aren't fortune tellers but examining these could indeed clue us into future market movements.

Corporate Developments

Moving forward, think of corporate announcements like listening into whispers & murmurs in an exciting bazaar! Remember those childhood days when a little piece of gossip would race across the school jubilantly? Similarly, any whisper regarding M&A deals or leadership shakeups can send ripples across this financial playground!

Policies and Regulations

The last corner holds policy changes and regulatory decisions that play key roles behind-the-scenes. Think Sherlock Holmes unraveling mysteries based on scattered clues. Nifty isn’t it?

In summing up this mini journey – next time someone mentions ‘News from Wall Street’, try picturing yourself exploring this bustling marketplace filled with riveting stories waiting for your eyes & ears! Ready for your next visit?



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