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Sam Bankman-Fried, the founder of the defunct crypto exchange FTX who was convicted on fraud and conspiracy charges last year, was sentenced to 25 years in prison Thursday in New York court. His sentence is well below the maximum statutory sentence of 115 years and the 40- to 50-year sentence prosecutors had sought, but also significantly above the ...
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When OPEC+ ministers take stock of global oil markets next week, they’ll see plenty of evidence that their production cuts are working. After a subdued start to the year, crude prices are showing increasing signs of life as the supply reductions by Saudi Arabia and its allies combine with surprisingly resilient demand. Market sentiment still lacks the ...