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According to Interfax news agency, Russian Deputy Prime Minister Novak said that Russia is still considering implementing a diesel export ban.On June 30th, the Wall Street Journal analyzed that although Federal Reserve Governor Cook emerged as a direct winner in the Supreme Court ruling, the biggest beneficiary might be Warsh, who just took office as Federal Reserve Chairman in May. The US Supreme Court ruled to prevent President Trump from removing Cook from office, reaffirming the protections granted to Federal Reserve governors by Congress. This means the president cannot easily remove a Federal Reserve governor on controversial grounds, thus limiting the space for pressuring the Fed through replacements and providing institutional guarantees for Warsh to lead the Fed more independently. The analysis points out that if the president could easily dismiss a Federal Reserve governor and replace him with a like-minded official, the Feds independence would be severely weakened, and Warsh would find it difficult to manage the institution. Investment manager Mark Spindall stated that allowing the president to remove governors on flimsy grounds and fill the vacancies with "loyalists" would undermine Warshs ability to focus on achieving the Feds policy objectives. However, the report believes that this ruling does not completely eliminate the possibility of presidential pressure on the Fed; the Feds future independence still depends on how Trump treats Warsh, whom he personally appointed, and whether the Supreme Courts 5-4 ruling will be upheld in future cases.Iranian Deputy Foreign Minister: Experts from Iran and Oman will begin talks on this matter in the coming days.Google (GOOG.O): Starting today, a free personalized photo generation feature is available to U.S. users in the Gemini app.Honeywell Aerospace CEO: Operating independently will allow the company to better support Boeing and Airbus in increasing production capacity. The company is diversifying its supplier base as part of its capacity-boosting strategy. It is also considering acquisitions to expand into electrification, automation, safety, and production efficiency technologies.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.


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