Bankman-Fried’s lawyer says FTX founder’s trial was ‘fundamentally unfair’

Sam Bankman-Fried's legal team is set to argue for a new fraud trial for the FTX founder. This development comes as they seek to challenge the previous verdict and present new evidence in the case.

A group of seasoned foreign-exchange veterans is making waves by attempting to bring Wall Street's structured approach to the more chaotic realm of cryptocurrency. This initiative is significant as it could lead to greater stability and trust in the crypto market, potentially attracting more investors and legitimizing digital currencies in the eyes of traditional finance.

Palantir Technologies is facing scrutiny as its shares dropped in premarket trading after a significant rally this year. Despite raising its annual revenue outlook to $4.4 billion and exceeding third-quarter sales estimates, analysts express concerns about the company's high stock valuation. CEO Alex Karp acknowledged the situation, indicating that the stock is in a precarious position. This matters because it highlights the volatility in the tech sector and raises questions about sustainable growth amidst inflated valuations.

Elon Musk has publicly endorsed Andrew Cuomo in the New York mayoral race, suggesting voters should support him while also criticizing Zohran Mamdani, who is currently leading in the polls. This endorsement from a high-profile billionaire like Musk could influence public opinion and voter turnout, especially as the election approaches. The dynamics of this race are heating up, and it will be interesting to see how these endorsements play out.

A recent analysis by GoBankingRates has revealed that to be part of New York's ultra-wealthy club, households need to earn an impressive $619,178 a year, which is seven times the average wage. This information highlights the significant income disparity in one of the world's most expensive cities and underscores the financial challenges many face in achieving such wealth. Understanding these figures can help individuals and families set realistic financial goals and navigate their economic landscape.

As the potential victory of democratic socialist mayoral candidate Mamdani looms, Miami realtors are proactively marketing safe spaces for millionaires considering a move from New York. While the anticipated exodus has not yet occurred, the real estate market in Miami is gearing up for a possible influx of wealthy individuals seeking refuge from political changes. This trend highlights the ongoing conversation about how local politics can influence real estate dynamics and the movement of affluent populations.

A former Airbnb engineer has successfully raised $25 million for Teleskope, an AI security platform, with M13 leading the Series A funding round. This investment is significant as it highlights the growing interest in AI-driven security solutions, especially in a time when digital safety is paramount. The backing from notable investors like M13 and Lerer Hippeau underscores the potential of Teleskope to innovate in the security space.

In a recent interview with '60 Minutes', Donald Trump claimed he does not know who Changpeng Zhao, the founder of Binance, is, despite having pardoned him. This statement raises eyebrows, especially since Trump described Zhao as a victim of a 'Biden witch hunt.' The implications of this disconnect highlight the complexities of political pardons and the ongoing tensions in the crypto industry, making it a significant moment in the intersection of politics and finance.

IBM is reportedly planning to cut thousands of jobs, raising concerns about the future of employment within the company. This move reflects ongoing challenges in the tech industry and could impact many employees.

Apollo has decided to withdraw its bid to take the pizza chain Papa John's private at $64 a share, according to sources. This move raises questions about the future of the company and its strategic direction.

As Wall Street prepares for the upcoming NYC mayoral vote, analysts are also keeping an eye on the governor races, which could provide insights into the midterm elections. The political landscape is shifting, and the outcomes may influence economic forecasts.

A judge has ruled that the Trump administration may reconsider the approval of the SouthCoast Wind project. This decision opens the door for potential changes in the project's future, reflecting ongoing debates about energy policies and environmental impacts.

A former retail worker from Dundee is sharing her experiences of abuse at work and is supporting a campaign that encourages shoppers to treat staff with respect. Her story highlights the importance of kindness and consideration in retail environments.

Starbucks is adjusting its strategy in China, highlighting the challenges Western brands face in capturing this lucrative market. With the CEO now able to focus more on revitalizing the U.S. business, the company aims to navigate the complexities of international expansion.