SkyBridge Capital Founder Anthony Scaramucci acknowledges former FTX CEO Sam Bankman-Fried’s recent fraud conviction while sitting down with Yahoo Finance's Anjalee Khemlani at the Yahoo Finance Invest conference. The former White House Communications Director commented on his business relationship with SBF, saying outright the disgraced FTX co-founder "did something very malevolent” in his series of fraud that was enabled and encouraged by "groupthink." FTX still owns a 30% stake in SkyBridge Capital. Scaramucci advises investors to do their due diligence when researching private companies, later commenting investors would be "very foolish not to own crypto" despite all the scandals and investigations into fraudulent behavior. Click here to watch more from Yahoo Finance Invest.
SkyBridge Capital Founder Anthony Scaramucci acknowledges former FTX CEO Sam Bankman-Fried’s recent fraud conviction while sitting down with Yahoo Finance's Anjalee Khemlani at the Yahoo Finance Invest conference.
The former White House Communications Director commented on his business relationship with SBF, saying outright the disgraced FTX co-founder "did something very malevolent” in his series of fraud that was enabled and encouraged by "groupthink." FTX still owns a 30% stake in SkyBridge Capital.
Scaramucci advises investors to do their due diligence when researching private companies, later commenting investors would be "very foolish not to own crypto" despite all the scandals and investigations into fraudulent behavior.
Click here to watch more from Yahoo Finance Invest.
Reuters
Video sharing app TikTok and social media platform X both need to step up their efforts to counter illegal hate speech, European Commission Vice President Vera Jourova said after meetings with their executives on Tuesday. Jourova, the EU commissioner responsible for the digital economy, met TikTok Chief Executive Shou Chew and X's head of global affairs, Nick Pickles, as the European Union investigates Big Tech's efforts to remove harmful content.
Barrons.com
Microsoft stock is on pace for a new all-time closing high—but there could be some hiccups in the short term. Microsoft (MSFT) stock has gained 1.5% to $361.87. What’s more, Microsoft is rising for an eighth consecutive days, putting it on pace to match its longest streak since Jan. 28, 2021.
Bloomberg
(Bloomberg) -- A jump in US yields over recent weeks amounts to nothing less than an “earthquake” for the bond market, according to Federal Reserve Governor Christopher Waller.Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the White HouseTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateS&P 500 Extends Winning Run to Defy Fed ‘Pushback’: Markets WrapApple Delays Work on Next Year’s iPhone, Mac S
Barrons.com
Datadog stock was on track for its best day on record after reporting earnings. Shares of the security software provider surged more than 29% in Tuesday trading, which would be its largest one-day percentage gain since Datadog went public in 2019.
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