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...They had asked the judge to refrain from sentencing him to any prison time, while the government had asked the judge to impose the maximum 60 months....
...The US Bureau of Labor Statistics’ weekly data on jobless claims, a proxy for lay-offs, will signal how well the labour market is withstanding higher interest rates....
...Sales fell to an annualised rate of 662,000 in February, the Census Bureau said on Monday....
...“This action is the first in an ongoing collaborative effort with the US Department of Justice, Federal Bureau of Investigation, and our international partners targeting LockBit,” the Treasury said....
...In October, the Federal Trade Commission proposed a rule to bar companies from showing consumers one price — for a concert ticket or hotel room, for example — only to inflate the final cost of the purchase...
...We’re always going to have to be kind of on the balls of our feet.” Wray said Volt Typhoon was just the tip of the iceberg and was one of many such efforts by the Chinese government....
...FTX: Sam Bankman-Fried, founder of cryptocurrency exchange FTX, is scheduled to be sentenced at a Manhattan federal court. He was convicted of fraud and money laundering late last year....
...Thursday’s figures from the Bureau of Economic Analysis are separate to the US’s consumer price index, which rose 3.1 per cent in the year to January....
...US inflation unexpectedly increased to 3.2 per cent last month, highlighting the challenge faced by the Federal Reserve in the “last mile” of its fight against rising prices....
...Federal Reserve officials were wary of cutting interest rates too quickly this year, according to a record of their last meeting in January, as they remained “highly attentive” to the risk of resurgent inflation...
...US stocks started the week on the back foot, ahead of important consumer inflation data that is expected to influence the Federal Reserve’s plans on when to begin cutting interest rates....
...In addition to his prison term, Azari will serve three years of supervised release and will be forced to forfeit more than $4.8mn in illegal gains....
...If convicted on the 34 charges of falsifying business records, Trump could be handed a prison sentence of up to four years....
...The Bureau of Labor Statistics on Tuesday will release its latest US consumer price index report, which is expected to show that headline inflation was unchanged at an annual rate of 3.1 per cent in February...
...“This action is the first in an ongoing collaborative effort with the US Department of Justice, Federal Bureau of Investigation, and our international partners targeting LockBit,” the Treasury said in a...
...Sam Bankman-Fried should be sent to prison for up to 50 years for “orchestrating one of the largest financial frauds in history”, US prosecutors told a judge ahead of the FTX founder’s sentencing this month...
...Workers received an extra 4.2 per cent in their pay packets over the course of 2023, according to figures from the US Bureau of Labor Statistics, down from 4.4 per cent in the 12 months to September....
...On Friday, the Bureau of Economic Analysis will release February’s personal consumption expenditures index data....
...Loretta Mester, president of the Federal Reserve Bank of Cleveland, said in an interview with Bloomberg Television that Thursday’s data showed there was “more work to do” and reiterated her stance that March...
...Judge Lewis Kaplan’s evaluation will be a critical factor in determining whether the 32-year old Bankman-Fried spends a mere handful of years in prison, as his lawyers have suggested, or up to five decades...
...sheriff,” said Jeff Oliver, partner at law firm Baker Botts and a former staff attorney at the Federal Trade Commission’s bureau of competition....
...We asked Max Seddon, the FT’s Moscow bureau chief, to set the scene for us....
...Details of the report also showed soft spending on electronics, personal care items and apparel, in a sign of weakening consumer demand....
...Kaczyński on Thursday claimed the pair were “in very poor health as a result of the crimes that were committed against them while in prison”....
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