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Combination showing Former FTX CEO, Sam Bankman-Fried (L) and President Donald J. Trump.Reuters | Getty ImagesSam Bankman-Fried has formally submitted a request for a presidential pardon to President Donald Trump, according to information listed on the U.S. Department of Justice Office of the Pardon Attorney website.The cofounder of the now defunct FTX crypto exchange is currently serving a 25-year federal prison sentence after he was found guilty of orchestrating a massive fraud scheme that misused billions of dollars in customer funds at FTX and its affiliated trading firm, Alameda Research. The exact date of the filing isn’t clear but DOJ…
Stay informed with free updatesSimply sign up to the UK property myFT Digest — delivered directly to your inbox.The mystery owner of one of London’s priciest mansions is nearing a deal to sell it at a sharp increase to the price they paid less than two years ago. The Regent’s Park mansion known as the Holme is being sold for approximately £190mn, according to people familiar with the matter, marking one of London’s most expensive house purchases ever. The seller had paid £139mn to buy the 40-bedroom residence out of receivership in 2024. It was previously owned by Saudi royals.…
The U.S. food supply is “not at risk” from the return of the flesh-eating screwworm parasite to Texas, U.S. Department of Agriculture Secretary Brooke Rollins said Monday. “This is not a virus, it’s not a disease, it’s just a little pest, a larva that lands in a calf’s wound, for example, and it can be treated,” Rollins said in an interview on CNBC’s “Squawk Box.””We have boots on the ground … we’ll be able to beat this back, but we’re going to do everything we can, investing over a billion dollars to push this pest back into Mexico, then to eradicate,…
Why is SmartRent stock rallying today? Source link
Like the existing Commerce regulations, the bill would create a mechanism by which OEMs can apply for authorization “to allow otherwise prohibited vehicles to enter the US.” “Specific authorizations could only be granted under strict conditions, with both transparency and congressional oversight,” the bill says. Customs and Border Protection would have 90 days to implement the rules, “including [generating] a list of prohibited vehicles.” “We’re gonna be aggressive here because Michigan jobs are on the line, but also so is national security. So close our border to Chinese vehicles and Chinese technology in the vehicles, even for day trips. That’s…
Chip stocks are bounding back Monday, but the rebound doesn’t mean tech investors are in the clear.The PHLX Semiconductor Index (SOX) suffered its fifth-largest single-day decline in history. When a sector that has effectively anchored the entire macro tech narrative moves with that kind of violence, we shouldn’t treat it as routine noise. To understand the gravity of Friday’s move, you have to look at the other four instances on this infamous leaderboard:The Tech Wreck (March 2000): The top spot belongs to the opening bell of the dot-com bear market. Within that multi-year unwinding, the SOX suffered two more gut…
Apple doesn’t typically release new iPhones during the summer, but the software updates revealed on Monday at WWDC will launch alongside new hardware in the fall. Apple will also reveal more of its artificial intelligence strategy, including updates to Siri and its partnership to use Google’s Gemini models. Apple stock has neared record highs in recent weeks as investors and analysts approved of a Google AI partnership announced in January and the latest iPhones have shown strong, continuing sales momentum.But Apple needs to communicate to investors that it has a strong plan to win in AI and needs to convince…
Intesa launches $35 billion Monte dei Paschi bid to redraw Italian financial map Source link
Speaker of the House Mike Johnson, R-La., speaks during the news conference following the House Republican Conference caucus meeting at the Republican National Committee headquarters in Washington on Wednesday, May 13, 2026. Bill Clark | CQ-Roll Call, Inc. | Getty ImagesThe U.S. House is poised to vote to on a $70 billion package to fund immigration enforcement agencies and, after months of partisan fighting, send the measure to President Donald Trump’s desk.The package would fund Immigration and Customs Enforcement and Customs and Border Protection, two Department of Homeland Security subagencies left out of an earlier spending bill amid Democratic opposition,…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — I’m old enough to remember when people were bullish on Prologis (PLD) because of its reputation as “the landlord of e-commerce” circa 2021. I was trading the stock back then for this exact reason. When Amazon and every other retailer needed warehouse space close to consumers, Prologis had the locations, the scale, and the relationships. That story hasn’t gone away, but there’s a new one running alongside it. The company is now pushing aggressively into data…