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☆ Mike Tyson details regime of abstinence as bout with Jake Paul is sanctioned as professional fight
▼ + stars: | 2024-04-29 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Mike Tyson is clearly taking his fight with Jake Paul seriously as he detailed elements of his training regime, which he says includes not smoking marijuana as well as abstaining from sex. Tyson, 57, will return to the ring to face YouTuber-turned-boxer Paul at AT&T Stadium in Arlington, Texas on July 20. The 57-year-old has also started his own cannabis brand, Tyson 2.0, with Forbes estimating it generated $150 million in revenue last year. “Why did God, the universe, whatever we believe, why am I the face of it?” Tyson said. “An uneducated guy, Mike Tyson, why am I the face of cannabis and psychedelics?

Persons: Mike Tyson, Jake Paul, Tyson, Paul, ” Tyson, “, Damon Elliott, Elliott, ”, Mike ”, Roy Jones Jr, Tommy Fury, Tyson Fury, Andrew Golota, Evander Holyfield’s, Tyson’s, Holyfield, Lakiha Spicer, Holyfield –, Mike, ’ Tyson, Chris Unger, Forbes Organizations: CNN, T, Forbes Life, Texas Department, Dallas Cowboys, YouTube, Forbes, UFC, Mobile Locations: Arlington , Texas, Michigan, Las Vegas , Nevada

☆ Ryan Garcia: Boxer was three pounds overweight for major fight. It went ahead and he shocked the world
▼ + stars: | 2024-04-24 | by ( Jonny Velasquez | Ben Morse | ) edition.cnn.com time to read: +7 min

Ahead of the fight, Garcia missed the weight limit for the bout, which ended his chances of competing for a world title on April 20. “In the ring, I’m gonna beat your a**,” Garcia posted on Instagram ahead of the fight. I bet you hoped it was some kind of mental health issues.”Many speculated that Ryan was going through a mental health crisis, including boxing promoter Eddie Hearn. Garcia hasn’t shied away from talking about his struggles with mental health. During the press conference for the fight, Haney asked Garcia to pay him $500,000 per pound if he missed weight.

Persons: jabbed, Ryan Garcia, Canelo, Óscar Valdez, Lord Jesus Christ, of Kings, Lord of Lords, ” Garcia, Garcia, Andrea Celina, Haney, It’s, reestablishes Garcia, “, Devin Haney, ”, I’m, Cris Esqueda, Muhammad Ali, Mike Tyson, Tyson Fury, Deontay Wilder, Ryan, Eddie Hearn, Ryan Garcia implode, ” Hearn, Garcia hasn’t shied, Luke Campbell, you’re, Emmanuel Tagoe, ‘, he’s, Youtuber, Jake Paul, Garcia’s, Garcia pounced, Saturday’s, Gervonta Davis Organizations: CNN, WBC, Barclays Center, Truman, Boxing Social, Breakfast, ” CNN, New York State Athletic Commission, ESPN Locations: Brooklyn , New York, San Antonio , Texas, New York State

☆ Netflix blows past earnings estimates as subscribers jump 16%
▼ + stars: | 2024-04-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Total memberships rose 16% in the first quarter, reaching 269.6 million, well above the 264.2 million Wall Street had expected. However, the quarter marks one of the last glimpses investors will get of the company's subscriber base going forward. The company posted revenue of $9.37 billion for the quarter, up from $8.16 billion in the year-ago quarter. Netflix could also provide more insight into its partnership with TKO Group Holdings to bring WWE to the platform. As of Thursday morning, the company's stock was up 27% year to date and around 85% over the last 12 months.

Persons: we've, we're, Ted Sarandos, Jake Paul, Mike Tyson Organizations: Netflix, LSEG Revenue, LSEG, TKO, Holdings, WWE

☆ An options trade that seeks to capitalize on Intel weakness Friday
▼ + stars: | 2024-04-12 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

This trade seeks to take advantage of the current discount and the heightened volatility being applied to Intel. INTC SOXX 5Y mountain Intel, 5 years Earlier this week, Intel unveiled its latest artificial intelligence chip, called Gaudi 3. Intel is trying to penetrate and take market share from AI leader Nvidia, which possesses nearly 80% of the market share in the AI chip market. This trade seeks to capitalize on the increase in volatility as Intel dropped nearly 4% on the open. DISCLOSURES: (Long intel and this trade) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Mike Tyson, YouTuber Jake Paul, Gaudi Organizations: Intel, AMD, Nvidia, intel Locations: China

☆ Mike Tyson says he is still a huge draw despite age
▼ + stars: | 2024-04-02 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

CNN —Mike Tyson will be 58 when he takes on Jake Paul on July 20 in Texas but he said fans are still clamouring to see the former heavyweight champion in action. I’m getting billions of views from just talking to somebody about fighting,” Tyson told Reuters. “Everybody, even most of the athletes, they’re jealous, that’s whack … I say in your prime you couldn’t draw a million people, man. “Why you think he wants to fight me and not anybody else?” Tyson said of Paul, who has a 9-1 record with six knockouts. “The other guys, their parents might not even come watch them.

Persons: Mike Tyson, Jake Paul, Paul, ” Tyson, they’re, Mike, ’, “, Tyson, Roy Jones Jr Organizations: CNN, T, Netflix, Reuters, USA Locations: Texas, Arlington

☆ Netflix Explores Streaming Live Boxing Match
▼ + stars: | 2023-11-03 | by ( Jessica Toonkel | ) www.wsj.com time to read: 1 min

Boxer Jake Paul in a scene from the Netflix documentary ‘Untold: Jake Paul the Problem Child.’ Photo: NetflixNetflix is considering stepping into the boxing ring with its first livestreamed match. The company has discussed streaming a match featuring boxer and YouTube influencer Jake Paul , as well as a potential bout between boxers from Premier Boxing Champions—a show currently on Paramount’s Showtime—according to people familiar with the situation.

Persons: Boxer Jake Paul, Jake Paul Organizations: Netflix, Netflix Netflix, YouTube, Premier Boxing, Showtime

☆ Tommy Fury defeats KSI on points
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +1 min

Boxing - KSI v Tommy Fury - AO Arena, Manchester, Britain - October 14, 2023 Tommy Fury celebrates winning his fight against KSI Action Images via Reuters/Jason Cairnduff Acquire Licensing RightsOct 15 (Reuters) - Tommy Fury beat YouTuber KSI on a points decision in their bout at the AO Arena in Manchester on Saturday. Fury was also deducted a point in the second round for a blow to the back of KSI's head. Of the three judges, one scored it 57-57, while the other two ruled it as 57-56 to Fury, with KSI calling the decision a "robbery" in his post-fight interview. Fury is the younger half-brother of heavyweight champion Tyson Fury. The British Boxing Board of Control did not sanction the match as a professional boxing fight, according to the BBC.

Persons: Tommy Fury, Jason Cairnduff, YouTuber KSI, Fury, Tyson Fury, Jake Paul's, Logan, Aadi Nair, Clarence Fernandez Organizations: AO, British Boxing Board, Control, BBC, Thomson Locations: Manchester, Britain, Bengaluru

☆ How F1 and ‘Drive to Survive’ are changing way we watch sports
▼ + stars: | 2023-10-15 | by ( Leah Asmelash | ) edition.cnn.com time to read: +14 min

“Hard Knocks” is a docuseries that focuses on a single NFL team as it prepares for the upcoming NFL season. F1 is already a dangerous and exciting sport on its own, but “Drive to Survive” transforms it into a soap opera. By the end, hopefully, they’re consuming the product; in this case, actually watching the live sport. But his strength on the field isn’t why Travis Kelce is a household name. In last season’s Super Bowl, Travis Kelce went head-to-head against brother Jason Kelce, when the Chiefs faced the Philadelphia Eagles.

Persons: “ I’ve, it’s, Michael Jordan, Travis Vogan, Vogan, ” Vogan, Aaron Rodgers, isn’t, It’s, They’re, ”, “, Lewis Hamilton, Tom Brady’s, Sergio Perez’s, James Gay, Rees, “ It’s, ” Gay, weren’t, ” Haas, Mick Schumacher, Patrick T, Fallon, Cody Havard, Woods, Williams, Lance Armstrong, they’ve, “ They’re, they’re, Travis Kelce, Kelce, Jason Kelce, Travis, Taylor Swift, Swifties, Swift, David Eulitt, ‘, ’ ” Havard, There’s, Muhammad Ali, Mike Tyson, Jake Paul, Rory McIlroy, Rob McElhenney, Ryan Reynolds, ” Havard, Havard, Patrick McElhenney, Ted Lasso ”, Hannah Waddingham, “ Ted Lasso, — she’s, Marshawn Lynch Organizations: CNN, Sports, Studios, Chicago Bulls, Covid, NFL, HBO, Warner Bros ., NFL Films, University of Iowa, New York Jets, Netflix, Films, PGA Tour, de, Formula One United, Prix, Getty, University of Memphis, Kansas City Chiefs, Chiefs, Philadelphia Eagles, Chicago Bears, Wrexham AFC, Welsh soccer, Los Angeles Lakers, AFC Richmond, Manchester City, West Ham United, English Premier League, Fox Locations: Europe, China, Brazil, Mexico, Austin , Texas, ”, Formula One United States, Wrexham, Welsh, United States, “

Here's where you can watch the Fury vs. KSI fight live stream in the US, UK, and more. How to watch Fury vs. KSI live streams from anywhereIn the United States, you can catch the fight airing live as a pay-per-view event on ESPN Plus ($64.99) or DAZN ($54.99). Watch Fury vs. KSI. Fury vs. KSI fight cardHere are all the fights happening before the main event. KSI vs. Tommy Fury, 6 rounds, cruiserweightsLogan Paul vs. Dillon Danis, 6 roundsSalt Papi vs.

Persons: Tyson Fury's, Tommy Fury, KSI, Olajide, Fury, He's, Tyson Fury, Jake Paul, he's, Jake Paul's, Logan Paul, Dillon Danis, you'll, we'd, It's, they've, Insider's, ExpressVPN, cruiserweights Logan Paul, Slim, Deen, Walid, lightweights King Kenny, Anthony Taylor, Whindersson Nunes, Nate, Los Pineda Coladas, Astrid Wett, Alexia Grace Organizations: ESPN, Walid Sharks Locations: Manchester, England, United States, Canada, Australia, Ireland

☆ How to watch KSI vs. Tommy Fury, Logan Paul vs. Dillon Danis
▼ + stars: | 2023-10-14 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

The build up to Saturday’s fight card – headlined by KSI vs. Tommy Fury and Logan Paul vs. Dillon Danis – has been anything but low-key. Like KSI, Paul also became well-known because of his presence on the internet, but has more recently blossomed into a rising star in the world of wrestling entertainment on WWE. Boxing for legitimacyWhile Danis and Paul don’t have a long history of boxing matches, the same cannot be said about Fury and KSI. Fury celebrates after defeating Jake Paul in Riyadh, Saudi Arabia. The man that defeated the once undefeated Jake Paul is now my opponent and I can’t wait to silence all the doubters that believe I have no chance.

Persons: Tommy Fury, Logan Paul, Dillon Danis –, Paul, Jonathan Brady, KSI, Joe Weller, Floyd Mayweather Jr, Anderson Silva, Olajide, YouTubers, Fury, Tyson Fury, ”, YouTuber Jake Paul –, –, Conor McGregor, Nurmagomedov, Danis, Jake, Logan, Paul “, DAZN, X, Paul’s fiancée, Nina Agdal, Agdal, ” Logan Paul, Jake Paul, Nate Diaz, Sam Hodde, – Paul, hasn’t, Paul don’t, Joe Fournier, Paul Harding, ” KSI, “ Organizations: CNN, KSI, AO, YouTube, Misfits, WWE, UFC, Danis, American Airlines Center, Wembley Arena, Getty Locations: Manchester, England, British, Saudi Arabia, Danis, Riyadh

☆ Exclusive: Drone startup Aerodome flies out of stealth with $6.5 million seed round led by Andreessen Horowitz
▼ + stars: | 2023-10-13 | by ( Ben Bergman | ) www.businessinsider.com time to read: +3 min

After seven months in stealth, Aerodome recently closed a $6.5 million seed round led by Andreessen Horowitz and 2048 VC. Sidhu is currently a reserve officer for the Redondo Beach Police Department and was a full-time officer for two years. Competitors to Aerodome include Motorola, Dronesense, and Skydio, but those companies are more focused on software than the all-in-one package Aerodome is offering. Aside from responding to crime, Sidhu also says Aerodome will also eventually be able to detect wildfires and alert authorities moments after smoke appears. Aerodome has a contract to roll out a trial with Redondo Beach Police Department next month and Albuquerque Police Department in December.

Persons: Rahul Sidhu, Andreessen Horowitz, Jake Paul's, Jamie Siminoff, Nikita Bier, Bier, Sidhu, Kenaniah Cerny, COVID, Aerodome Organizations: Aerodome's, SPIDR Tech, Versaterm, Redondo Beach Police Department, Motorola, Albuquerque Police Department Locations: York

☆ Check out pitch deck slides from a startup that raised $11 million to sell smart basketball hoops that use AI to up your game
▼ + stars: | 2023-10-02 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +4 min

Childhood friends Paul Anton and Lyth Saeed continued to play basketball together while going to college in different states by using Snapchat. It looks like a TV screen behind the hoop and lets players remotely form teams and compete in challenges. "It's more than just the basketball hoop," Saeed, who serves as the company's COO, told Insider. Anton said Atar supported the technology right away and gave Huupe its first $1 million check. Check out 5 key slides from Huupe's most recent pitch deck, which has been updated since their $8 million seed round:

Persons: Paul Anton, Lyth Saeed, Anton, Saeed, Shaquille O'Neal, Dyson Daniels, Thaddeus Young, Huupe, Jake Paul's, Audie Atar, Conor McGregor, Jozy Altidore, Atar, Young, That's Organizations: Huupe, Marvan Ventures, TRI Investments, Studios, Paradigm Sports Management, US Men's National, Ventures Locations: Miami

Sports has become a hot category for venture-capital investors in recent years. While other private investors like private equity firms have set their sights mainly on teams and leagues — looking to cash in on the rising costs of media rights and the growth of live events — early-stage investors are pouring money into startups innovating in areas like sports betting, esports, sports technology, analytics companies, NIL, and more. Insider is highlighting prominent venture-capital investors who are funding startups in sports. Insider compiled this list of investors based on our own reporting as well as nominations we vetted from readers and industry experts. Here are the 26 venture capital and other early-stage investors — listed alphabetically by company — that have made prominent investments in sports in 2023:

Persons: Brad Farkas, Pareek, Jake Paul, Joey Levy's Organizations: HBSE Ventures, trampolines

☆ The 11 sports-betting and online-gambling startups that have raised the most VC funding so far in 2023
▼ + stars: | 2023-08-24 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +4 min

Sports betting and gambling companies have raised $150 million from VCs so far in 2023, according to PitchBook data. US sports betting and gambling startups have raised about $150 million in VC funding through mid-August of this year, per PitchBook, which tracked 25 deals during that time frame. Here are the top 11 companies that have gotten the most funding in 2023 through mid-August, according to PitchBook:1) Jackpot.com — $42 million. The more than 50-year-old casino technology and data company closed the investment from VCs. Oddsworks, a gaming company offering more than 100 games for online and land-based casinos, raised early-stage funding.

Persons: Joey Levy, Jake Paul, Roger Ehrenberg's, James Harden, Joel Embiid, PlayerProfile, Oddsworks Organizations: Roger Ehrenberg's Eberg Capital, Arctos Sports Partners, Bettor, Courtside Ventures, Dallas Cowboys, New York Yankees, Acres, Exchange, Boom Entertainment, Oyster Ventures, Touchdown Ventures, Eberg, IA Sports Ventures, Ikigai Ventures, Trinity West Ventures Locations: VCs

☆ Creator merch startup Fanjoy has filed for bankruptcy
▼ + stars: | 2023-08-16 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +3 min

Creator merch startup Fanjoy has filed for Chapter 11 bankruptcy, a court filing showed. Creator merch startup Fanjoy filed for Chapter 11 bankruptcy this month, according to a court filing viewed by Insider. Then around 2017, Fanjoy pivoted its business model to selling merch for YouTube creators and other internet stars . Fanjoy isn't the first creator-focused merch company to face challenges in recent months. Creators told Insider at the time that Spring had struggled with its business, including with shipping delays and late payments.

Persons: Fanjoy, Elyse Myers, Kian, Myers, We've, Chris Vaccarino, Vaccarino, Jake Paul, David Dobrik, Tana Mongeau, Addison Rae Organizations: JC, YouTube, Spring

☆ Nate Diaz: MMA fighter directs homophobic slur at Jake Paul and employee during press conference
▼ + stars: | 2023-08-05 | by ( Ben Morse | ) edition.cnn.com time to read: +1 min

CNN —MMA fighter Nate Diaz used homophobic slurs during a confrontation with an employee of Jake Paul’s betting company ahead of his fight against the YouTuber-turned-boxer. Diaz reacted angrily after Sullivan said he couldn’t wait to watch Paul knock Diaz out and invited Sullivan on the stage. Diaz used homophobic slurs to refer to both Sullivan and Paul during the verbal tirade that ensued. This isn’t the first time Diaz has used homophobic slurs against his opponents. He was suspended by the UFC 10 years ago for using a homophobic slur to describe MMA fighter Bryan Caraway on Twitter.

Persons: Nate Diaz, Jake Paul’s, Diaz, Betr’s Derek Sullivan, Sullivan, Paul, Bryan Caraway Organizations: CNN, American Airlines Center, UFC, Twitter Locations: Dallas , Texas

Keep reading for details on how to watch Paul vs. Diaz live streams once the bell tolls. How to watch Paul vs. Diaz live stream from anywhereThe UK has the best PPV price for Paul vs. Diaz. How to watch Paul vs. Diaz live streams in the USADAZN will also offer the pay-per-view event in the US. Paul vs. Diaz PPV Fight Bundle (ESPN+) Jake Paul vs. Nate Diaz will stream live on ESPN+. How to watch Paul vs. Diaz in AustraliaKayo Sports will offer the championship bout for Australian viewers.

Persons: Jake Paul, Nate Diaz, Diaz, Paul, he's, Amanda Serrano, Heather Hardy, DAZN, Cox, ExpressVPN, It's, CEST, UK's DAZN, Shadasia, Olivia Curry, Ashton Sylve, William Silva, Alan Sanchez, Angel Beltran Villa, Chris Avila, Jeremy Stephens Organizations: American Airlines Center, Paul, UFC, Amazon, Apple, Android, Samsung, LG, PlayStation, TV, Xbox, ESPN, ESPN Plus, Samsung Smart, DAZN's, Sports, UK's Locations: Dallas , Texas, USA, Australia

☆ Fanatics' first big sports-betting acquisition could reignite M&A in the sector, as rumors fly and buyers 'smell blood in the water'
▼ + stars: | 2023-05-18 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +7 min

Fanatics' first big sports-betting acquisition could be the spark that reignites M&A in the sector. Industry insiders speculate on what deals could come next. It's go time for M&A in sports betting as newcomer Fanatics makes its first big acquisition in the sector and rumors fly about who will be snapped up next. On Sunday, Australia's PointsBet announced it had agreed to sell its US operations to Fanatics' betting and gaming division for about $150 million in cash. "I think Fanatics smells blood in the water," said one industry consultant who had been following Fanatics closely.

☆ Top fighters unwilling to put legacy on the line - Paul
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

Former world heavyweight champion Anthony Joshua also invited Fury to think again about a future fight, though nothing has been finalised. "It's annoying, I think in boxing fighters are not willing to risk their undefeated record and put it all on the line," YouTuber-turned-boxer Paul told Sky Sports on Sunday at Formula One's Miami Grand Prix. "Even though he lost he did what a lot of other fighters aren't doing and making big fights happen," Paul added. Having lost to Tommy Fury in their fight in Saudi Arabia in February, Paul said he is confident of facing the British reality TV star in a rematch. "It's going to happen, it's going to happen for sure," Paul said.

☆ Diaz to make boxing debut against Paul
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - YouTuber-turned-boxer Jake Paul and ex-UFC fighter Nate Diaz will meet in a boxing match on Aug. 5 in Dallas, organisers said on Wednesday. Diaz is an accomplished boxer who competed in the Ultimate Fighting Championship (UFC) until last year, where he twice fought former UFC champion Conor McGregor, while Paul boasts 20 million YouTube subscribers and has competed in seven professional fights since 2019. I'm the king of combat sports and then I'm headed back to get my UFC belts," Diaz was quoted as saying by Paul's promotion company Most Valuable Promotions. Paul, 26, will return to action after suffering the first loss of his boxing career at the hands of Tommy Fury in February. "My last fight didn't end the way I wanted, but the result was the best thing that could have happened to my professional boxing aspirations," Paul said.

☆ Here's why recent moves by the SEC and CFTC may be just the start of crypto's regulatory troubles
▼ + stars: | 2023-03-29 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +6 min

Both the SEC and the CFTC have taken action against the crypto industry in the last few weeks. He added: "At the end of the day industry participants are searching for regulatory clarity, which has not yet been achieved." "Compliance and regulatory efforts are expensive, but necessary, the personnel will be almost as important as tech people," Yang told Insider. Markets could face more volatility following a crackdown because crypto prices are often sensitive to regulatory news. This, however, would require a widespread effort and coordination between financial regulators, industry participants, and legislators.

☆ The CFTC's suit against Binance marks a deepening crackdown on the crypto industry
▼ + stars: | 2023-03-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

All this comes just days after the SEC charged a spate of high-profile individuals for fraud and crypto market manipulation. That comes months after the total crypto market value saw about $2 trillion erased in a brutal plunge in token prices. The SEC also warned that the platforms investors use to get involved in crypto aren't quite airtight, in the regulator's view. In other news:FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua Reuters2. The World Bank just warned that this could be the start of a "lost decade" for global economic growth.

☆ The SEC just warned investors that crypto assets are at risk of 'significant' losses after $2 trillion in market value was already erased
▼ + stars: | 2023-03-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The SEC warned that cryptocurrencies could still spur significant losses for investors. The warnings comes more than a year after the cryptocurrency market erased $2 trillion in market value. "The only money you should put at risk with any speculative investment is money you can afford to lose entirely," the SEC warned. "Investments in crypto asset securities can be exceptionally volatile and speculative, and the platforms where investors buy, sell, borrow, or lend these securities may lack important protections for investors. The risk of loss for individual investors who participate in transactions involving crypto assets, including crypto asset securities, remains significant," the SEC warned.

☆ A key indicator says a recession is guaranteed in 2023 — and Bill Ackman, Nouriel Roubini, and others are warning of trouble ahead
▼ + stars: | 2023-03-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

From the central bank's latest rate hike to new developments in the ongoing bank crisis, a lot has happened in my absence. And all the while, Jerome Powell's favorite bond-market indicator is quietly telling us that a recession is all but guaranteed this year. Talk of basis points, yield spreads, and other market jargon is obscuring the key message here: Markets think a recession is guaranteed in 2023. How much credence as a recession signal do you give the bond market indicator? He said the current bank crisis isn't a redux of that era, or even of 2008.

☆ The Fed hiked rates further but Wall Street is already pointing to tighter conditions on the ground
▼ + stars: | 2023-03-23 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Between fighting inflation or the bank crisis, the Federal Reserve leaned toward the former. Wednesday's move comes despite the bank crisis, which previously led investors to price in a series of Fed rate cuts starting this summer. Indeed, Wall Street has started pointing to the facts on the ground when it comes to financial conditions. The banks are still tightening credit conditions and … non-bank lenders are as well," he told Bloomberg TV hours before the Fed meeting. Billionaire investor Mark Mobius says he is "very, very skeptical" of investing in bank stocks.

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