Category: Financial News

Sam Bankman-Fried pleaded not guilty to eight different counts of wire fraud, securities fraud, and conspiracy before a US federal court in the Southern District of New York on Tuesday.

US prosecutors allege that under Bankman-Fried’s direction, FTX, once considered one of the largest and most-trusted cryptocurrency exchanges, transferred billions in customer assets to his trading firm, Alameda Research.

If convicted of these charges, Bankman-Fried faces up to 115 years in prison.

A trial date was set for October 2, 2023.

Bankman-Fried initially appeared before the court on December 22, following his extradition from custody in The Bahamas after his December 12 arrest. Bankman-Fried has been free on a $250 million bond at his parents’ home in Palo Alto, California.

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. - Bankman-Fried faces criminal fraud charges over the spectacular collapse of his crypto exchange. (Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. (Photo by

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Having $2,000 to $3,000 to invest is a good feeling, but how you allocate those funds can impact your finances more than you might realize. Where investing your small nest egg and adding to it regularly can lead to significant returns over time, stuffing $2,000 to $3,000 in cash under your mattress can mean losing money to inflation over time.

Before you decide where to invest $2,000 to $3,000, think about when you’ll need the money. While some options are designed to keep your money safe in the short term, taking on more risk can yield better results over the long run.

To help you figure out what to do, here are 17 of the best strategies for investing $2000 to $3000.

Best Short-Term Investments for $2,000 to $3,000

While investing $2,000 to $3,000 can help you make progress towards any number of financial goals, there are situations where you

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Regulatory scrutiny forced the Hangzhou-based Ant Group to abruptly suspend its massive IPO plans in 2020.

vcg | Visual China Group | Getty Images

BEIJING — Ant Group’s consumer finance unit has received approval to more than double its registered capital, a sign of progress in resolving regulators’ concerns.

Since the abrupt suspension of its massive IPO in late 2020, Ant has been working with Chinese regulators to restructure its business. Alibaba owns 33% of Ant, which operates one of China’s two dominant mobile pay apps.

Alibaba’s Hong Kong-traded shares traded 8% higher Wednesday. Shares listed in New York closed 4.4% higher overnight.

Ant launched its consumer finance company in 2021 as part of the restructuring.

On Friday, the China Banking and Insurance Regulatory Commission said it approved Ant’s request to increase the amount of registered capital for the consumer unit, to 18.5 billion yuan from 8 billion yuan.

Ant

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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 am ET. Subscribe

Tuesday, January 3, 2022

Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App.

After a brutal 2022, investors are thrilled to see the calendar flip over to 2023.

The S&P 500 suffered its worst year since the financial crisis in 2008. By one measure, the bond market had its worst year on record.

And while some investors are still licking wounds from one of the most challenging years in a generation, others may see a market full of opportunities to buy great companies at big discounts.

As the investment world spends the next few months —

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