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Why Wall Street investors are freaking out
  + stars: | 2023-10-04 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
Here’s why investors are freaking out:Rates and the Fed: A surge in corporate debt sales and rising bond yields have sent stocks lower. Moody’s, the only major credit rating firm to keep a perfect score for the United States, has warned that a government shutdown would be “credit negative” for the United States. Geopolitical risks are still elevated as Russia’s war on Ukraine continues and relations between the United States and China remain tense. October also marks the end of the fiscal year for many mutual funds in the United States. Statistical evidence doesn’t quite support the phenomenon, but the level of superstitious caution on Wall Street is real.
Persons: Kevin McCarthy, , Michael Reinking, Mark Twain, ” Sam Bankman, Sam Bankman, Allison Morrow, Judge Lewis Kaplan, , ” Kaplan, SFB, SBF, Caroline Ellison, Bernie Madoff, Chris Isidore, Vanessa Yurkevich Organizations: CNN Business, Bell, New York CNN, Dow, Federal Reserve, Fed, Markets, Republicans, , Prosecutors, GM, Ford, Motors, United Auto Workers, Michigan Assembly, Jeep, Dodge, Chrysler, UAW Locations: New York, America’s Congress, United States, Ukraine, China, Manhattan, Fairfax, Kansas City , Kansas, Toledo, Lockport, Michigan, Wayne , Michigan, Kokomo , Indiana
New York CNN —The trial of Sam Bankman-Fried, a onetime crypto billionaire who stands accused of orchestrating a multibillion-dollar fraud, kicked off Tuesday in federal court in Manhattan. Here are the key things to know about the case, and what we might see over the next several weeks at the trial. Prosecutors opted in June to sever five other charges that were brought after Bankman-Fried’s extradition from the Bahamas, where FTX was based. Sam Bankman-Fried leaving the Bahamas on December 21, 2022, being extradited to the US to face charges. He was arrested in December in the Bahamas on charges including fraud and conspiracy and extradited to the United States in January.
Persons: Sam Bankman, Judge Lewis Kaplan, , , ” Kaplan, SFB, SBF, Caroline Ellison, Bernie Madoff, FTX, Tom Brady, Larry David, Fried, Bankman, Ellison, Howard Fischer, Moses Singer, Fischer, Lewis Kaplan, he’s Organizations: New, New York CNN, Prosecutors, Alameda Research, Super, Royal Bahamas Police Force, Investors, Bankman, Coindesk, Alameda, New York Times, Securities and Exchange, Enron, Metropolitan Detention Locations: New York, Manhattan, FTX, Bahamas, Miami, Alameda, United States, Brooklyn
Every one of the best airports in North America for wait times according to passengers is located in the U.S. The best airport in North America based on wait times: Southwest Florida International AirportThe Southwest Florida International Airport ranked No. The Portland International Airport ranked as the second best airport in North America, according to a Casago report. Nathan Howard | Getty Images News | Getty ImagesThe worst airport in North America based on wait times: Sangster International Airport in JamaicaThe Sangster International Airport is three miles east of Montego Bay, Jamaica. Daniel Slim | Afp | Getty ImagesThe 10 worst airports in North America based on wait times
Persons: Casago, Ronald Reagan Washington, Orlando Sanford, Nathan Howard, Shane Munroe, Daniel Slim Organizations: Southwest Florida International, Florida International Airport, Travel Lens, Google, Fort, Lens, Southwest Florida International Airport, Florida, Portland International, Detroit Metro, Tampa International, Northern Kentucky International, Durham International, Ronald Reagan Washington National, Nashville International, BNA, Orlando, Orlando Sanford International, Chicago Midway International, Centre for Aviation, Power, Associates, Portland International Airport, Getty, Sangster, Jamaica The Sangster, Sangster International, Jamaica Civil Aviation Authority, Jamaica Sun, Cana International, Afp Locations: U.S, North America, Delta, JetBlue, Southwest, Fort Myers, Florida, America, Cincinnati, Raleigh, Oregon, Portland, Jamaica, Montego Bay, Cana
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