Stocks Hold Steady Amid Mixed Wall Street Trading
Stocks were mixed as the S P 500 slipped 0 2 percent to 3971 27 while the Dow dipped 0 1 percent to 3394 25 and the Nasdaq fell 0 4 percent to 11716 08 Traders weigh a May rate move even as regulators act to support banks Apple and Microsoft slipped while McCormick & Co jumped 9 6 percent on stronger quarterly results
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Rob Haworth
U.S. Bank Wealth Management
Fed
Haworth
Apple
Microsoft
McCormick & Co
Consumer confidence ticks up in March amid inflation and bank turmoil
The Conference Board reports March confidence at 104.2 up from 103.4 as current conditions slip and six month outlook improves. The index stays below 2022's 104.5 average while inflation expectations remain elevated and housing activity cools.
MENTIONED IN THIS ARTICLE
Washington
Conference Board
Business Research Group
Federal Reserve
U.S
Fed
Alameda Research indictment and Yellen push for ownership registry
The indictment ties Alameda Research to alleged bribes with Chinese authorities freezing about 1 billion in Alameda accounts on two major exchanges. Carolyn Ellison and two former FTX executives have pleaded guilty or agreed to testify. Separately, Treasury Secretary Janet Yellen announced the U S plan to maintain a beneficial ownership registry to deter dirty money and aid enforcement. The two day Summit for Democracy opens with the U S co hosting alongside Costa Rica the Netherlands South Korea and Zambia.
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Alameda Research
Alameda
China
Bankman-Fried
Carolyn Ellison
FTX
Washington
Treasury
Janet Yellen
America
Biden
Yellen
U.S
Colombia
Malta
Japan
Shell
United States
Russia
Ukraine
Costa Rica
Netherlands
South Korea
Zambia
Bankman-Fried Hit With Bribery Conspiracy Indictment In NY
A rewritten indictment unsealed in New York accuses Sam Bankman-Fried of directing about 40 million in bribes to Chinese officials to unfreeze assets tied to FTX. The case raises his total charges to 13 as he awaits arraignment before Judge Lewis A. Kaplan. He is free on a 250 million bond and prohibited from contacting FTX or Alameda staff, with strict limits on devices and communications.
MENTIONED IN THIS ARTICLE
New York
FTX
Sam Bankman-Fried
Bankman-Fried
Bahamas
United States
Damian Williams
Palo Alto
California
U.S
Lewis A. Kaplan
Alameda Research
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My Ousst & Wadsworth
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