Author: WSJ

Federal prosecutors said Friday that they wouldn’t try Sam Bankman-Fried on additional criminal charges that weren’t part of the fall trial that resulted in the FTX founder’s conviction for fraud related to the collapse of his crypto exchange.The move, announced in a letter to the presiding judge, clears the way for the FTX founder to be sentenced on March 28. A second trial would have delayed that sentencing, and Bankman-Fried already faces the possibility of decades in prison.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Updated Dec. 29, 2023 12:06 am ETSemiconductors have played the starring role in state visits. Nvidia’s chief executive was feted by heads of state like a visiting dignitary. Government delegations have shuttled around the globe hobnobbing with chip makers. For an industry that suddenly finds itself as a geopolitical showpiece, the attention is a mixed bag.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Dec. 29, 2023 6:39 pm ETNasdaq beat the New York Stock Exchange in the battle for initial public offerings in 2023, the fifth consecutive year in which the once-dominant NYSE has fallen behind its rival.IPOs at Nasdaq have raised $13.7 billion compared with $10.4 billion for new listings at the NYSE, according to data provider Dealogic. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

ROME—Elon Musk and Italian Prime Minister Giorgia Meloni have formed one of 2023’s more unlikely trans-Atlantic alliances.Behind their budding friendship lie common interests in political issues such as immigration and demographics, as well as in tech-sector regulation and the risks associated with artificial intelligence.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Dec. 29, 2023 5:02 pm ETThe latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1327 ET – The number of rigs drilling for oil in the U.S. rose by two last week to 500, which was 121 fewer than a year earlier, oil services company Baker Hughes reports. The decline in the number of rigs hasn’t kept U.S. crude oil production from reaching a record-high 13.3 million barrels a day in recent weeks, thanks in part to drilling and fracking efficiencies. Rigs drilling for natural gas are…

Generative AI will remain huge, and we’ll also see big moves with electric vehicles, Apple’s mixed-reality headset, password security and regulation around social media.

At the Jewish Museum, the Argentine artist’s first American survey reveals the breadth of her vibrant creativity. Source link

RUNNING IN temperate seasons like spring and fall is easy. The discipline gets harder in the summer, when just being outside causes sticky sweat to fill my body’s nooks and crannies, but it’s not impossible. You just have to force yourself out of bed earlier.Come December and into January, however, I find jogging through winter’s chilling winds, under the straitjacket of wan gray skies, truly punishing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Dec. 29, 2023 1:36 pm ETRepublican Nikki Haley, who until this week had run a disciplined and largely error-free presidential campaign, has been forced into an uncomfortable and unexpected new chore: doing cleanup on a blunder related to the Civil War and slavery.The former South Carolina governor and United Nations ambassador shifted into defensive mode after she omitted slavery in comments she gave at a New Hampshire campaign event where she was asked what prompted the Civil War. Her long-winded response avoided giving the answer to a basic question most learned in grade school, teeing up a barrage of…

After a decade, Apple still hasn’t introduced an Apple car. Some of its biggest smartphone rivals in China are moving faster.Huawei and Xiaomi, whose phones battle the iPhone for supremacy in China, both released new cars this week with advanced digital features. The companies’ goal is to keep their phone customers engaged in high-tech vehicles and seize turf before Apple’s possible entry into the fray.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8