Ex-Theranos president Balwani sentenced to nearly 13 years for fraud

Dec 7 (Reuters) – A U.S. judge on Wednesday sentenced former Theranos Inc chairman Ramesh “Sunny” Balwani to 12 years and 11 months in prison for defrauding investors and patients of the blood testing startup run by Elizabeth Holmes, spokeswoman for the U.S. Attorney’s Office confirmed. U.S. District Judge Edward Davila in San Jose, Calif., …

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Hong Kong stocks rise nearly 3% after reports say city is considering Covid rule easing

Hong Kong plans to scrap outdoor mask rules: report Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to decline significantly by 7% to 10% next year, it said in its latest outlook. report. The agency also predicts that house prices in China will fall …

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Why This Market Rally Is So Dangerous; Tesla Nears Bear Lows On This Move

Dow Jones futures fell slightly in extended trading, along with S&P 500 and Nasdaq futures. The stock market rally saw a flat to lower session on Wednesday. X The Nasdaq led the declines as Apple (AAPL), parent company of Google Alphabet (GOOGL) and Tesla stock extended big weekly losses. Shares of Apple and Google fell …

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House Finance Chair Rep. Maxine Waters subpoena of Sam Bankman-Fried over FTX collapse ‘on the table’

Grit Capital CEO Genevieve Roch-Decter gives her take on investor-entrepreneur Kevin O’Leary’s response to the FTX scandal on “Making Money.” House Financial Services Committee Chair Maxine Waters said in a tweet Wednesday that a subpoena for FTX CEO Sam Bankman-Fried to testify “is definitely on the table” at a December 13 hearing into the dive …

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Wawa announces plans to open stores in Ohio, Kentucky, Indiana

A chain of convenience stores popular in the east and south is coming to the tri-state area. At Wawa, growth means strengthening our existing markets as well as expanding into adjacent and new markets so that we can reach new friends and neighbors and welcome them into our extended family,” said Wawa President and CEO, …

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Vanguard quits climate alliance in blow to net zero project

Vanguard is pulling out of the top financial alliance on fighting climate change at a time when US Republicans have stepped up their attacks on financial institutions they say are hostile to fossil fuels. With $7.1 billion under management and over 30 million clients as of October 31, Avant-garde is the world’s second largest fund …

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Why Everyone’s Obsessed With ChatGPT, a Mindblowing AI Chatbot

There’s a new AI robot in town: ChatGPT. And you better take heed. The tool, from a powerful player in artificial intelligence, allows you to type in natural language questions which the chatbot answers in conversational, albeit somewhat stilted, language. The bot remembers the thread of your dialogue, using previous questions and answers to inform …

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Amazon’s checkout page stopped working for some users

CNN — Thousands of customers looking to buy an item on Amazon early Wednesday encountered an error message on the e-commerce site’s checkout page, a rare problem for a platform that has become even more of a central shopping hub for countless households during the pandemic. More than 9,000 users reported issues with Amazon.com as …

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Carvana Plunges as Apollo-Pimco Creditor Truce Creates Stock Doubts

(Bloomberg) – Carvana Co. plunged on Wednesday as Wall Street pessimism spilled over its shares after the online car dealership’s biggest creditors signed an agreement to act together in negotiations with the company. Bloomberg’s Most Read Its shares fell a record 45%, triggering at least a halt in volatility, after Wedbush analyst Seth Basham cut …

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