Low unemployment rates and wage growth may appear to be good for an economy that's close to recession, but has actually proven bad for markets
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. As the year comes to a close, it seems that the market’s focus on inflation rates are shifting to a new area of concern: Unemployment.
Sam Bankman-Fried to appear in court Monday to drop extradition fight Former FTX CEO Sam Bankman-Fried is expected to appear in a Bahamas court on Monday to reverse his decision to contest extradition to the US, a person familiar with the matter told CNN. Bankman-Fried is expected to agree to extradition to the US, the person said. Reuters first reported thank Bankman-Fried would withdraw his extradition fight Monday, reports my colleague Kara Scannell.
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