As hotel staff lowered the shades, signaling the beginning of the “Black on Black” dinner, guests seated in Aspen’s historic Hotel Jerome seemed to take a collective breath — preparing for a joyful and emotional four-hour celebration of the wine industry’s most influential Black leaders. The dinner, hosted Friday during…

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A Victorian brownstone in Washington DC linked to former FTX CEO Sam Bankman-Fried may have been sold. The four-bedroom home near Capitol Hill was listed on Realtor.com as “contingent,” meaning that an offer has been made and accepted, but some additional criteria needs to be met. Cointelegraph reported the news earlier on…

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By John Palmer As Cboe Digital prepares to launch our U.S. regulated, margined futures contracts on Bitcoin and Ether, I’d like to take a few minutes to reflect on the impact it will have on crypto markets. U.S. regulated crypto derivatives have a number of important structural impacts, ranging from…

UBS faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos Capital after Swiss, US and UK regulators completed their investigations into the affair, according to people with knowledge of the probes.Credit Suisse, whose takeover by rival UBS was completed last week, suffered the biggest trading…

House GOP Intel Chair previews Durham hearing this week House Intelligence Chairman Republican Mike Turner tells CNN’s Jake Tapper that lawmakers will consider changes to the FBI after special counsel John Durham found the FBI should not have opened its full Trump-Russia investigation. Read the full article here

Stocks ended the day flat on Wednesday, belying a volatile session that saw big swings as investors digested the Fed’s decision to leave rates on hold while signaling significantly more tightening than market participants expected remains in the pipeline. “It was a bit of a Jekyll and Hyde meeting, as…

PNC Financial Services Group Inc. and U.S. Bancorp raised a combined $7 billion in separate bond offerings Wednesday ahead of stricter capital requirements expected from U.S. regulators. Now eyeing a potential 20% boost to capital requirements, banks are coming back to the investment-grade bond market for the first time since…

What does it take to be considered wealthy in the U.S.? A cool million isn’t enough these days. You’ll need twice that and then some. Americans say it takes $2.2 million to qualify as wealthy these days, according to Charles Schwab’s SCHW, -2.00% 2023 Modern Wealth survey. When Schwab started…