April #JobsReport beats big:
Nonfarm payrolls: +253K vs. +185K expected
Unemployment rate: 3.4% vs. 3.6% expected
Avg. hourly earnings, MoM: +0.5% vs. +0.3% expected
Avg. hourly earnings, YoY: +4.4% vs. +4.2% expected
Avg. weekly hours worked: 34.4 vs. 34.4 expected
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Akiko Fujita
@AkikoFujita
Anchor | Climate and geopolitics | alum | LA native | Loyal Trojan - Fight On! | Akiko.Fujita@yahoofinance.com
Akiko Fujita’s Tweets
Internal combustion technology "is done, it’s gone, it doesn’t exist any more," as the world shifts to electric cars, said the CEO of Pininfarina, Italy's famed car design studio.
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We’re live at the #IIFinTokyo Sustainable Finance Summit, as IIF CEO Tim Adams & conference moderator open the day with welcome remarks.
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Texas farmers abandoned 74% of their planted crops last year because of warming temperatures. That in turn led to surging prices in everything from cloth diapers to bandages. Eye opening story on how climate change is a secret driver on inflation
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Two mass shootings in CA in a span of a few days. My heart aches 💔💔 Enough is enough.
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Former FTX US President speaks out.
According to his account, he saw bad symptoms but not the alleged problem (fraud).
Like many people in crypto, he’s still plagued by the exchanges legacy.
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29/49 In response, I was threatened on Sam’s behalf that I would be fired and that Sam would destroy my professional reputation. I was instructed to formally retract what I’d written and to deliver an apology to Sam that had been drafted for me.
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US economy added 223k jobs in December. Unemployment ticked lower, to 3.5%. Wage gains tho less than expected… sign of some progress in Fed’s effort to tame inflation
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Journalists who cover Elon Musk have been suspended on Twitter tonight: O'Sullivan from CNN, Aaron Rupar and the Washington Post's .
Rupar tells me he has "no idea" why it happened.
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Full doc here: documentcloud.org/documents/2345
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BREAKING | NBC News: A federal indictment has been unsealed against former FTX CEO Sam Bankman-Fried which charges him with 8 counts tied to wire and securities fraud as well as conspiracy to defraud the United States and violate campaign finance laws.
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The Consumer Price Index rose 0.1% in November, rising by 7.1% year on year, less than the 7.3% expected bls.gov/news.release/c
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"Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto." officially charges with defrauding investors sec.gov/news/press-rel
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FTX founder Sam Bankman-Fried has been arrested in the Bahamas after the U.S. filed criminal charges
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Significant upward revision by on capacity growth for renewable energy. Solar power expected to overtake coal in 5 years.
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"What you get is what you signed up for" Co-Founder defending against skepticism around its proof of reserves - and why it hasn't provided detailed breakdown of assets
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“The major problem with FTX and Alameda was the fact that they had been heavily borrowing against their own token,” @Nexo co-founder and managing partner @AntoniNexo says on the crypto landscape. Full comments:
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Some stunning comments from here. "I wasn’t spending any time or effort trying to manage risk on FTX...I got a little cocky, more than a little bit. Part of me felt like we made it."
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"I expect I'm gonna have nothing at the end of this."
Former FTX CEO Sam Bankman-Fried sits down with @GStephanopoulos for a one-on-one interview following both companies in his cryptocurrency empire filing for bankruptcy last month. gma.abc/3udQe1Z
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Look. Protest too in Chengdu, capital of Sichuan province. People yelling “驾崩” - jiā bèng - which is basically calling for the “king” to abdicate, implying Xi Jinping is that man - not an elected leader, and for the entire CCP system to be shattered. 🇨🇳 #ChinaLockdown
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...always finds a way.
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This is amazing. Due to the backlash from Chinese fans seeing unmasked crowds in Qatar, Chinese TV is now replacing live crowds shots during games and instead cutting to close-ups of players and coaches.
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Anger boiling over…
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11月27日 - 武汉，中国最早因为新冠疫情封锁的城市，民众推倒防疫路障和执法站点。
Nov 27 - People tore down COVID prevention roadblocks and law enforcement stations in Wuhan, the first Chinese city that was locked down for COVID in 2020.
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A reminder for those of you traveling this holiday weekend - pilots are being stretched thin too. A little patience goes a long way...
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“Frankly, it’s pushed us to the brink of fatigue… because of management’s inability to plan for this,” @alliedpilots spokesperson Captain Dennis Tajer says on holiday travel demand. “We have not had a break.” Full interview:
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Wishing you all a very Happy Thanksgiving! Hope you’re all surrounded by amazing food and loved ones 🦃 🦃
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The tech layoffs continue. now announcing its cutting 4,000 to 6,000 employees globally over the next 3 years.
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“We have probably witnessed one of the most abrupt and difficult corporate collapses in the history of corporate America.” Good roundup from on day one of bankruptcy hearings for #FTX
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...but what about a draw?
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This is epic. NYSE and NASDAQ should also be closed after every team USA win.
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#Breaking: Former Walt Disney Co Chief Executive Bob Iger is returning to the media company as CEO, the company's board said in a statement on Sunday yhoo.it/3gj7teX $DIS
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“A Twitter whose policies are defined by unilateral edict has little need for a trust and safety function dedicated to its principled development.”
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Theranos Founder Elizabeth Holmes, sentenced to more than 11 years in prison for fraud
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“This is going to be similar to 2008.” saying he’s seen a pickup in hosts looking to earn extra income on in economic downturn. Catch the full conversation
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“We now verify the identity of every guest booking in our top 35 countries,” @Airbnb CEO @bchesky says on the new authentification program. “We have $3 million dollars of protection” per host in case anything were to happen.
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I read the 30 page FTX Bankruptcy court filing.
How bad were FTX's internal controls?
Here are the worst examples 👇
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🤔 🤔 🧐
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FTX is fighting against FTX today in court documents.
Here's some of what's going on...
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THE FTX FIRST DAY DECLARATION
New CEO John Ray is scathing about Sam Bankman-Fried's management.
"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information."
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US official: Russian missiles crossed into Poland, killing 2
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"Whether you're an institution or an individual, whether you're thinking about what exchange to be using... you're going to be looking for the rigor that goes into being a regulated American financial institution," Circle CEO says. finance.yahoo.com
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