The strong November jobs report keeps the Federal Reserve on track to raise interest rates by a half percentage point at its meeting in two weeks and underscores the risk that officials will raise rates above 5% next year.
U.S. regulators granted SpaceX permission to launch as many as 7,500 upgraded satellites for its Starlink internet business, but withheld approval for the nearly 30,000 sought by the Elon Musk-led business.
Sam Bankman-Fried said that he didn’t intend to commit any fraud or use customer funds to back leveraged bets that went wrong at Alameda Research, a crypto hedge fund attached to FTX that pushed the exchange to bankruptcy.
Years before Sam Bankman-Fried‘s crypto empire collapsed, a group of employees quit in a power struggle—after becoming concerned about what they say was his cavalier approach to risk, compliance and accounting.
French President Macron’s visit to the U.S. is likely to focus on trade and geopolitical concerns, as European officials begin to express frustration at their increasing reliance on the U.S. for security and economic stability as the war in Ukraine continues.
The companies are using strategies to maintain access to resources and markets across the world’s two largest economies, while seeking to avoid the kind of attention that comes with being labeled a Chinese company.