FTX founder Sam Bankman-Fried charged, consumer price index inches up. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
The Federal Reserve is set to make its final interest rate hike for the year, prompting mixed world shares.At home, U.S. futures were down slightly and oil prices also fell.
Jack Dorsey, co-founder and former CEO of Twitter, said he will give $1 million per year to encrypted messaging app Signal to support"open internet development."The $1 million per year payment he plans to give to Signal will be made as a grant to the company. Since departing Twitter, Dorsey has said social media should not be"owned by a single company or group of companies.
The council was scheduled to meet with Twitter representatives on Monday night but Twitter prefaced the meeting by disbanding the group. The Federal Reserve is set to slow its rapid pace of interest rate increases at its final meeting of the year this week amid early signs that stubbornly high inflation is finally starting to cool.
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