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Sources say Federal Reserve Chairman Warsh has appointed two conservative policy veterans as interim advisors.The API crude oil inventory data for the week ending May 29 will be released in ten minutes.The Dow Jones Industrial Average rose 228.91 points, or 0.45%, to close at 51,307.79 on Tuesday, June 2; the S&P 500 rose 9.94 points, or 0.13%, to close at 7,609.90; and the Nasdaq Composite rose 7.09 points, or 0.03%, to close at 27,093.90.June 3rd - U.S. stocks closed Tuesday with the Dow Jones Industrial Average up 0.45%, the S&P 500 up 0.1%, and the Nasdaq Composite slightly higher. Microsoft (MSFT.O) fell 4%, Google (GOOG.O) fell nearly 4%, and Marvell Technology (MRVL.O) surged 32%. The Nasdaq China Golden Dragon Index closed up 1.8%, and Alibaba (BABA.N) rose over 4%.June 3 - According to data compiled by agencies, Alphabets (GOOG.O) $80 billion equity financing round to raise funds for its artificial intelligence infrastructure is expected to become the largest equity capital market deal in history. The joint offering of shares (including common stock, capital stock, and similar mandatory convertible preferred stock) was priced late Tuesday. Its size will exceed the approximately $70 billion common and preferred stock offering by Petrobras in 2010. The largest single transaction in this deal for Googles parent company—a $40 billion "market offering"—is expected to launch in the third quarter. Such offerings allow the company to sell shares to the market from time to time without prior notice, but must regularly disclose the amount raised in regulatory filings.

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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