AvatarFOX BusinessAvatarAvatar2 hours agoSam Bankman-Fried gets 25 years: where will he serve his sentence?verified_publisherFOX Business - Eric RevellFTX founder and former CEO Sam Bankman-Fried was sentenced to 25 years in prison for fraud on Thursday by a federal judge, who made a recommendation about where the disgraced crypto king should serve his sentence. Bankman-Fried, 32, was found guilty in November on two counts of wire fraud and five …
AvatarFOX BusinessAvatarAvatar1 day agoFormer crypto king Sam Bankman-Fried set for sentencingverified_publisherFOX Business - Breck DumasFTX co-founder and ex-CEO Sam Bankman-Fried will learn his fate Thursday after being convicted last fall of defrauding investors and customers of the now-bankrupt cryptocurrency exchange. The former crypto billionaire is slated to appear before U.S. District Judge Lewis Kaplan in Manhattan federal …
AvatarFOX BusinessAvatarAvatar4 days agoFormer crypto king Sam Bankman-Fried set for sentencing this weekverified_publisherFOX Business - Breck DumasFTX co-founder and ex-CEO Sam Bankman-Fried will learn his fate this week after being convicted last fall of defrauding investors and customers of the now-bankrupt cryptocurrency exchange. The former crypto billionaire is slated to appear Thursday before U.S. District Judge Lewis Kaplan in Manhattan …
AvatarFOX BusinessAvatarAvatar6 days agoNew FTX CEO says Sam Bankman-Fried 'living life of delusion' ahead of sentencingverified_publisherFOX Business - Breck DumasFTX co-founder and former chief executive Sam Bankman-Fried is not living in reality with his claims that the bankruptcy of his cryptocurrency exchange was not necessary and that he did not steal from customers, new CEO John Ray said Wednesday. "Mr. Bankman-Fried continues to live a life of …
AvatarFOX BusinessAvatarAvatarBillionaire Mark Cuban attends Biden fundraiser following Haley defeatverified_publisherFOX Business - Timothy NerozziBillionaire Mark Cuban attended a fundraiser for President Biden this week, saying Biden now has his support in the 2024 presidential election. The "Shark Tank" entrepreneur made an appearance at a Dallas fundraiser Wednesday night held in the backyard of a private residence. Cuban told ABC News he …
AvatarFOX BusinessAvatarAvatarAngela Chao death: Foremost Group CEO was intoxicated when she reversed into pond, police sayverified_publisherFOX Business - Chris PandolfoAngela Chao, a shipping CEO and sister-in-law to Senate Minority Leader Mitch McConnell, was drunk when she backed her Tesla into a pond and died last month in Texas, police say. The Blanco County Sheriff's Office ruled Chao's death an "unfortunate accident," according to a report on the …
AvatarFOX BusinessAvatarAvatar5 women-owned alcohol brands to get behind during Women's History Monthverified_publisherFOX Business - Gabriele RegalbutoFemale-led brands, whether founded or owned, are not as few and far between as a consumer may think. Globally, 34% of small, medium and large firms are owned by at least one woman, according to the World Economic Forum. In 2021 in the U.K., the number of women running a microbusiness – a business …
AvatarFOX BusinessAvatarAvatarCarrie Kellar, co-founder of Baxus, on being on the cutting edge of AI and the alcohol marketverified_publisherFOX Business - Gabriele RegalbutoIn late 2022, Microsoft’s launch of deep learning technology, ChatGPT, was released to the public and took the internet by storm. In just six months of its groundbreaking introduction, ChatGPT saw 3.86 million downloads across the U.S. market. One month later, downloads more than tripled. In …
AvatarFOX BusinessAvatarAvatarShirley Leigh-Wood Oakes, partner and CEO of Mezcal Campante on traditional spirits and being a business womanverified_publisherFOX Business - Gabriele RegalbutoTrue mezcal, much like tequila and champagne, only comes from designated areas around the globe. When it comes to traditional mezcal, it must derive from one of the nine designated states in Mexico: Durango, Guerrero, Guanajuato, Michoacán, Oaxaca, Puebla, San Luís Potosí, Tamaulipas and Zacatecas. …
AvatarFOX BusinessAvatarAvatarAlexandra Dorda-Marcu, founder of Kasama Rum, details what it is to be a woman in the spirits categoryverified_publisherFOX Business - Gabriele RegalbutoRum has a rich history that steals a commanding portion of the alcohol beverage industry. The dark and stormy past of rum dates back to the 15th century B.C., when sugarcane was discovered. Christopher Columbus is alleged to have brought rum to the Americas. At the time, the sugarcane was named …
AvatarFOX BusinessAvatarAvatarThe story of Taco Bell: How former Marine created fast-food chain with Mexican-inspired menuverified_publisherFOX Business - Ashlyn MessierEvery big business had to start somewhere. The story of Taco Bell is one of humble beginnings. Since its start, the restaurant has steadily evolved into one of the world's largest food chains. Taco Bell was started by a man named Glen Bell (thus the Bell in Taco Bell). Bell was a former Marine who …
AvatarFOX BusinessAvatarAvatarWhat are the 'Magnificent Seven' stocks? Nvidia, Meta, Apple and other companies part of the groupverified_publisherFOX Business - Ashlyn MessierThe "Magnificent Seven" in business are a group of high-performing stocks. These stocks are influential in the U.S. stock market and are heavily driven by innovations in technology, brand equity and financial performance, according to Investopedia. The companies included in the Magnificent Seven are …