Category Archives for "Latest Business News"

Disgraced Crypto Co-Founder Faces 12 Criminal Charges, Including Conspiracy

Sam Bankman-Fried, the disgraced co-founder of now-defunct cryptocurrency exchange FTX, faces 12 criminal charges, including four additional counts of conspiracy, after a superseding indictment was unsealed on Thursday.[0] The new charges include conspiracy to commit bank fraud, conspiracy to operate an unlicensed money transmitting business, and conspiracy to defraud the Federal Election Commission.[1] According to […]

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Humana Exits Employer Group Commercial Medical Products Business to Focus on Government-Sponsored Products

Humana Inc. (NYSE: HUM) is exiting its Employer Group Commercial Medical Products business, the company announced Thursday.[0] This move follows Humana’s decision in 2017 to stop participating in the individual commercial market covering people buying their own plans through the Obamacare health exchanges.[1] This decision enables Humana to focus resources on its greatest opportunities for […]

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Sam Bankman-Fried, FTX Founder, Facing New Criminal Charges and Allegations of Political Donations

Sam Bankman-Fried, the disgraced founder of the now-defunct crypto exchange FTX, is facing four new criminal charges in addition to the eight already pending against him in a Manhattan federal court.[0] The additional charges include allegations of illegal political donations and bank fraud. The indictment reveals that Bankman-Fried is accused of misusing billions of dollars […]

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Lucid Group, Inc. Reports Q4 and Full-Year 2022 Financial Results; Shares Down 9% in After-Hours Trading

Lucid Group, Inc. (NASDAQ: LCID) reported its fourth-quarter and full-year 2022 financial results after the market close on Wednesday. The electric vehicle maker posted a loss of $0.28 per share and $608.2 million in annual revenue, missing Wall Street estimates. The company also provided conservative production guidance for 2023, sending its stock down 9% in […]

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