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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jan 08, 2023

Page

12

Bankman-Fried pleads not guilty in a Manhattan court

Sam Bankman-Fried, founder of FTX, pleads not guilty to fraud and related charges in federal court. Judge Lewis Kaplan penciled in Oct 2 as a tentative trial date with potential shifts. Prosecutors say a month is enough to present the case. defense anticipates two to three weeks of testimony. Bankman-Fried appeared calm, spoke little, and left without speaking to reporters.

FIX Sam Bankman-Fried Manhattan Bankman-Fried FTX Alameda Research Mark Cohen Lewis A. Kaplan

Fed cites strong hiring to justify continued rate rises

Federal Reserve officials said in mid December minutes that solid job growth could keep inflation elevated and justify raising rates more this year than previously forecast. They stressed that smaller hikes were not a sign of resolve wavering or inflation easing, noting risks inflation could stay higher than expected while remaining committed to keeping rates high.

Federal Reserve Fed RTN Imo TYR Telecommunications Trean Insurance Gro Waterdrop Inc Arbor Raph Cp Bio A Arck Madrigal Pharmac Viking Therapeutics Icosavax Inc MicroCloud Inc Innovate Corp Fmm Skyx Platforms Corp Skyx XOM Exxon Mobil Corp Cenovus Energy Cve A Suncor Energy SU Ad Chevron Corp Cvx CalAmp Cap Camp Lm 323 Genasys Inc Gnss Telesat Corp AB Tsat Cadiz Inc Cdzi Mmm Star Gas Partners Sgu FED Funds Fed/Hermes Muni Bath &Beynd Money Fund iMoneyNet Inc Palisade Bio Inc PALI Biora Therapeutics BIOR Phathom Pharmaceut Phat Atas Life Sciences Silvergate Capital SI Sonendo Inc Sonx AnaptysBio Inc

Amazon and Salesforce announce massive U.S. job cuts

Amazon will cut about 18,000 positions in its largest layoff in Seattle company history, mainly affecting brick and mortar stores and PXT HR functions. Salesforce plans about 8,000 cuts, or 10 percent of its workforce, the largest reduction in its 23 years.

T-Commerce Amazon Salesforce U.S Andy Jassy Amazon Fresh Amazon Go PXT San Francisco Oracle Marc Benioff

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