Caroline Ellison, former head of trading firm Alameda Research, took to the stand in the fraud trial against Sam Bankman-Fried. Plus, we unpack September’s fresh inflation numbers.
“There were red flags all over FTX,” said the New York Times’ David Yaffe-Bellany. “Even in the kind of renegade world of crypto, these sort of lessons from traditional finance still apply.”
The fresh inflation numbers are in. The headline Consumer Price Index calmed down some, rising just .4% in September. But it’s more than the headlines. We discuss the report with economist Diane Swonk.
Companies like Target, Walmart and Kohl’s held sales this week aimed at holiday shoppers, and Amazon just wrapped up its second Prime Day event of the year.