American entrepreneur and convicted fraud defendant who built FTX
OpenAI has submitted a confidential S‑1 to the US Securities and Exchange Commission for a potential IPO, joining Anthropic and SpaceX in what could become a wave of blockbuster listings. The company has not set timing or deal terms and says it may remain private while it completes plans that are easier offline.
Bitcoin has fallen from its peak as traders weigh Strategy’s bitcoin sale and a string of AI-driven bets, with markets shifting toward IPOs and chipmakers amid broader risk-off moves.
States are moving to prosecute individuals pardoned by the president for federally defined crimes, arguing federal mercy cannot shield conduct that violates state law. Recent cases show Arkansas and Arizona pursuing accountability when federal clemency has occurred. The effort signals a shift in how governors might check presidential overreach.
A wave of updates across multiple outlets shows former FTX founder Sam Bankman-Fried pursuing a presidential pardon after completing his 25-year sentence, while Trump allies keep courting clemency. The reports, drawn from DOJ filings and interviews, highlight continued political leverage around the high-profile case.
Protests over dress-code arrests in Herat have escalated as police have opened fire during demonstrations. The UN and rights groups warn of serious rights abuses amid a harsher enforcement of hijab rules. Multiple arrests and at least one fatality are reported, with authorities insisting actions align with Shariah.
Stocks rebound after major tech IPOs, with AI-focused names leading gains while volatility remains elevated. SpaceX’s blockbuster listing prompts index-weight discussions; traders weigh how dispersion and inflation signals might steer the market ahead of more mega-IPOs.
The ECB has raised its policy rate to 2.25% as inflation remains a concern amid a war-linked energy shock. Markets are watching next week’s meetings with the Fed, BOJ and BoE, with analysts signaling a cautious path ahead.
The World Bank has cut its 2026 global growth forecast to 2.5% and has warned growth could fall to 1.3% if disruptions to oil and fertiliser flows from the Middle East persist. Rising energy and food costs are pushing inflation higher and hitting developing countries hardest; the bank has pledged up to $100bn in support.
A three-judge panel of the 2nd U.S. Circuit Court of Appeals has upheld Bankman-Fried's fraud conviction and 25-year sentence, ruling the government’s evidence was robust. Bankman-Fried’s lawyers may pursue further appeals; he is jailed in California and remains eligible for release in 2044.
The 2nd U.S. Circuit Court of Appeals has upheld Sam Bankman-Fried’s conviction on fraud and conspiracy charges, stating that prosecutors’ evidence was robust. The court rejected defense claims of trial unfairness, noting that Bankman-Fried’s actions showed him using FTX funds as a personal piggy bank while assuring customers funds were safe. He remains jailed with sentencing details and potential appeals still under discussion.
Wall Street has committed vast capital to AI projects while US equity indexes have hit fresh records and volatility sits near year-to-date lows. Big investors have lined up roughly $500 billion to finance AI build-outs linked to Nvidia, and the heavily leveraged hedge fund Situational Awareness has lost around 67% in a month and sold much of its public book to Citadel.