Robert F. Kennedy Jr. announced he was running for president as an independent, ending his bid for the Democratic nomination.

RFK Jr draws quite a crowd: What does it mean for 2024 US elections?

The police in New York have arrested and charged a Connell University student who is accused of posting violent threats to Jewish classmates over the weekend.

US: Gaza siege triggers rise in anti-Semitism; Cornell University says, 'we are shocked' | WION

US Secretary of State Antony Blinken will embark on the visit of five nations, whose conclusion will be marked by his visit to India to participate in the 2+2 Ministerial Dialogue in November, the State Department informed in a statement. Blinken will be visiting Israel, Jordan, Japan, South Korea and lastly, India.

US State Secy Anthony Blinken, Defense Secy Lloyd Austin to be in India for 2+2 dialogue|

U.S.' Llyod Austin and  Antony Blinken to travel to India for 2+2 Ministerial dialogue

US: Cornell University students charged with anti-Semitic threats to students | World News | WION

The anger within the US against Israel's offensive is rising. Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin testified to the Senate Appropriations Committee on Biden's request for $105 billion to fund ambitious plans for Ukraine, Israel and US border security.

Israel-Palestine war: US President Biden initially supported swift & decisive action

Flexible workspace provider WeWork reportedly plans to file for bankruptcy as early as next week. This development comes amid its struggles with massive debt & hefty losses. Shares of the company fell 32% in extended trading after the Wall Street Journal first reported the news. They have fallen roughly 96% this year.

Reports: We Work likely to file for bankruptcy by next week

In a bipartisan call to action, leaders of a US congressional committee are pressing treasury secretary Janet Yellen, to swiftly implement outbound investment restrictions on China.

US-China investment rules under scrutiny | World Business Watch

Consumer confidence in the US hit a five-month low in October as gloomier economic forecasts & rising prices dampened optimism. Data released on Tuesday showed that the conference board's index dropped to 102.6 last month from 104.3 in September.

US consumer confidence drops to a five-month low

Shares of Nvidia Corp, a prominent player in the artificial intelligence (AI) industry, tumbled by nearly 5 per cent, reaching a five-month low in the wake of a report that the company may be compelled to cancel advanced chip orders valued at up to $5 billion destined for China.&nbsp;

According to Reuters, the reason behind this potential cancellation is the necessity to comply with new U.S. government restrictions.&nbsp;

Nvidia's stock price plunged to as low as $392.30, representing a 4.7 per cent decline. This marks the lowest level the company's stock has reached since mid-June. The stock, which played a significant role in driving the Nasdaq's gains, has now fallen by nearly 20 per cent from its record high close of $493.55 achieved on August 31.&nbsp;

Nvidia recently received notification that its AI chip orders, set for delivery to major Chinese technology firms in the next year, including giants like Alibaba Group, ByteDance (the parent company of TikTok), and Baidu, are now subject to the most recent export restrictions unveiled by the U.S. Commerce Department.

Tom Plumb, the CEO and lead portfolio manager at Plumb Funds, noted, "The stock is getting oversold," adding that Nvidia had previously indicated that the impact of these restrictions would be more long-term rather than immediate. Despite the current volatility, he still views Nvidia as a strong long-term investment.&nbsp;

A Nvidia spokesperson told Reuters about the "high demand" for its advanced chips, which often entail a significant lead time for production. The company is actively working on distributing orders to a broad range of customers in the United States and elsewhere, emphasising that these new export controls are not anticipated to have a significant short-term impact.&nbsp;

This development follows the Biden administration's imposition of export restrictions earlier this month on the shipment of AI chips designed by Nvidia and other firms to China. The objective of these restrictions is to prevent Beijing from accessing cutting-edge U.S. technologies that could potentially strengthen its military capabilities. These new regulations are scheduled to go into effect in November and encompass export controls extending to countries such as Iran and Russia.&nbsp;

(With inputs from Reuters)&nbsp;

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Shares of Nvidia Corp, a prominent player in the artificial intelligence (AI) industry, tumbled by nearly 5 per cent, reaching a five-month low in the wake of a report that the company may be compelled to cancel advanced chip orders valued at up to $5 billion destined for China.

Shares of Nvidia Corp, a prominent player in the artificial intelligence (AI) industry, tumbled by nearly 5 per cent, reaching a five-month low in the wake of a report that the company may be compelled to cancel advanced chip orders valued at up to $5 billion destined for China. According to Reuters, the reason behind this potential cancellation is the necessity to comply with new U.S. government restrictions. Nvidia's stock price plunged to as low as $392.30, representing a 4.7 per cent decline. This marks the lowest level the company's stock has reached since mid-June. The stock, which played a significant role in driving the Nasdaq's gains, has now fallen by nearly 20 per cent from its record high close of $493.55 achieved on August 31. Nvidia recently received notification that its AI chip orders, set for delivery to major Chinese technology firms in the next year, including giants like Alibaba Group, ByteDance (the parent company of TikTok), and Baidu, are now subject to the most recent export restrictions unveiled by the U.S. Commerce Department. Tom Plumb, the CEO and lead portfolio manager at Plumb Funds, noted, "The stock is getting oversold," adding that Nvidia had previously indicated that the impact of these restrictions would be more long-term rather than immediate. Despite the current volatility, he still views Nvidia as a strong long-term investment. A Nvidia spokesperson told Reuters about the "high demand" for its advanced chips, which often entail a significant lead time for production. The company is actively working on distributing orders to a broad range of customers in the United States and elsewhere, emphasising that these new export controls are not anticipated to have a significant short-term impact. This development follows the Biden administration's imposition of export restrictions earlier this month on the shipment of AI chips designed by Nvidia and other firms to China. The objective of these restrictions is to prevent Beijing from accessing cutting-edge U.S. technologies that could potentially strengthen its military capabilities. These new regulations are scheduled to go into effect in November and encompass export controls extending to countries such as Iran and Russia. (With inputs from Reuters) WATCH WION LIVE HERE

Nvidia's shares plunge to five-month low amid cancelled China orders

Nvidia, the AI giant, is feeling the pressure as its stock takes a nosedive. Shares of Nvidia Corp have plummeted nearly 5% to their lowest point in almost five months. The reason? Reports suggest that the company may be forced to cancel up to $5 billion worth of advanced chip orders to China due to new US government restrictions.

US export rules hit Nvidia, stock hits 5-month low | World DNA

Today marks day 26 of the ongoing conflict in the Middle East, as Israel and Hamas engage in a war that threatens the region with&nbsp;spillover tensions. An Israeli strike on one of the largest&nbsp;refugee camps in Gaza has claimed 50 lives, the nation's increasingly aggressive offensive has prompted&nbsp;Bolivia to sever diplomatic ties with Israel. The nation has also&nbsp;accused Israel of committing crimes against humanity in its attacks on the Gaza Strip.

Meanwhile, in the US, FBI Director Christopher Wray has&nbsp;warned that due to the ongoing war, America is in a dangerous period with a high threat of hate crimes and possible attacks.

In other news, Ukrainian President Volodymyr Zelensky has warned against expecting rapid success from Kyiv’s counteroffensive against Russia.

Click on the headlines to read more

<a href="https://www.wionews.com/world/israel-hamas-war-live-israel-army-says-refugee-camp-bombed-to-kill-top-hamas-commander-653645">Israel-Hamas war LIVE: Gaza's largest telecommunications provider says internet cut off completely</a>

<img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/11/01/390381-new-wion-46.jpg?imwidth=1920" />

More than 50 people were&nbsp;killed after Israeli forces struck one of the&nbsp;largest refugee camps in Gaza, according to the Hamas-run Palestinian Ministry of Health.&nbsp;Jabalia is the largest of the Gaza Strip’s eight refugee camps, and it's tightly packed with narrow streets and breeze-block buildings. Before the war, it housed around 116,000 residents who lived in just 1.4 sq km.

<a href="https://www.wionews.com/world/israel-hamas-war-fbi-director-cautions-against-al-qaeda-threat-in-the-us-653706">Israel-Hamas war: FBI director cautions against Al-Qaeda threat in the US</a>

<img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/11/01/390385-untitled-design-2023-11-01t084104454.png?imwidth=1920" />

US intelligence agency FBI's Director Christopher Wray warned on Tuesday (Oct 31) that amid ongoing war between Israel and Hamas, the US is "in a dangerous period" and the threat of targeted attacks including hate crimes not seen in about a decade remains high.

<a href="https://www.wionews.com/world/dont-expect-rapid-success-in-offensive-says-zelensky-un-confirms-death-of-over-9900-civilians-in-ukraine-653703">‘Don’t expect rapid success’ in offensive, says Zelensky; UN confirms death of over 9900 civilians in Ukraine</a>

<img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/11/01/390383-wion-images-2023-11-01t083540399.png?imwidth=1920" />

Ukrainian President Volodymyr Zelensky on Tuesday (Oct 31) warned against expecting rapid success in the country’s counteroffensive which aims to reclaim occupied land from Russia saying that Moscow’s forces are gearing up for a fresh wave of attacks in different parts of the frontline.&nbsp;

<a href="https://www.wionews.com/world/russia-denies-us-russian-journalists-appeal-against-detention-653683">Russia denies US-Russian journalist's appeal against detention</a>

<img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/11/01/390375-wion-images-2023-11-01t053656318.png?imwidth=1920" />A Russian court on Tuesday denied an appeal by US dual citizen journalist Alsu Kurmasheva against her pre-trial detention on charges of allegedly failing to register as a "foreign agent".

<a href="https://www.wionews.com/entertainment/hollywood/news-mission-impossible-dead-reckoning-sparked-joe-bidens-concerns-about-artificial-intelligence-653691">Mission Impossible Dead Reckoning sparked Joe Biden's concerns about artificial intelligence</a>

<img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/11/01/390376-joe-biden-mission-impossible.png?imwidth=1920" />

US President Joe Biden recently signed an executive order outlining new standards and security measures for artificial intelligence (AI). While addressing the growing importance of AI technology, the President referenced a specific cinematic experience as a contributing factor in his decision.

Today marks day 26 of the ongoing conflict in the Middle East, as Israel and Hamas engage in a war that threatens the region with spillover tensions. An Israeli strike on one of the largest refugee camps in Gaza has claimed 50 lives, the nation's increasingly aggressive offensive has prompted Bolivia to sever diplomatic ties with Israel.

Today marks day 26 of the ongoing conflict in the Middle East, as Israel and Hamas engage in a war that threatens the region with spillover tensions. An Israeli strike on one of the largest refugee camps in Gaza has claimed 50 lives, the nation's increasingly aggressive offensive has prompted Bolivia to sever diplomatic ties with Israel. The nation has also accused Israel of committing crimes against humanity in its attacks on the Gaza Strip. Meanwhile, in the US, FBI Director Christopher Wray has warned that due to the ongoing war, America is in a dangerous period with a high threat of hate crimes and possible attacks. In other news, Ukrainian President Volodymyr Zelensky has warned against expecting rapid success from Kyiv’s counteroffensive against Russia. Click on the headlines to read more Israel-Hamas war LIVE: Gaza's largest telecommunications provider says internet cut off completely More than 50 people were killed after Israeli forces struck one of the largest refugee camps in Gaza, according to the Hamas-run Palestinian Ministry of Health. Jabalia is the largest of the Gaza Strip’s eight refugee camps, and it's tightly packed with narrow streets and breeze-block buildings. Before the war, it housed around 116,000 residents who lived in just 1.4 sq km. Israel-Hamas war: FBI director cautions against Al-Qaeda threat in the US US intelligence agency FBI's Director Christopher Wray warned on Tuesday (Oct 31) that amid ongoing war between Israel and Hamas, the US is "in a dangerous period" and the threat of targeted attacks including hate crimes not seen in about a decade remains high. ‘Don’t expect rapid success’ in offensive, says Zelensky; UN confirms death of over 9900 civilians in Ukraine Ukrainian President Volodymyr Zelensky on Tuesday (Oct 31) warned against expecting rapid success in the country’s counteroffensive which aims to reclaim occupied land from Russia saying that Moscow’s forces are gearing up for a fresh wave of attacks in different parts of the frontline. Russia denies US-Russian journalist's appeal against detention A Russian court on Tuesday denied an appeal by US dual citizen journalist Alsu Kurmasheva against her pre-trial detention on charges of allegedly failing to register as a "foreign agent". Mission Impossible Dead Reckoning sparked Joe Biden's concerns about artificial intelligence US President Joe Biden recently signed an executive order outlining new standards and security measures for artificial intelligence (AI). While addressing the growing importance of AI technology, the President referenced a specific cinematic experience as a contributing factor in his decision.

Morning news brief: Israel-Hamas war updates, FBI warns against terror threats in US, and more

Did you know that cybercrime will cost companies worldwide an estimated $10.5 trillion annually by 2025. US is the worst hit that's about 46% of the share - reported incidents of cyber attacks this year.

Will not paying ransomware stop cyberattacks? 40 countries vow not to pay ransom to cybercriminals

United States President Joe Biden aims to have “constructive” talks with his Chinese counterpart Xi Jinping on the sidelines of a summit in California in November, said the White House&nbsp;on Tuesday (Oct 31) ahead of an expected meeting between the two leaders.&nbsp;

Biden administration officials also said that the teams of the leaders have an agreement in principle for the meeting on the sidelines of the upcoming Asia Pacific Economic Cooperation (APEC) forum which will be held in San Francisco.&nbsp;

<h2>Will Biden and Xi meet?</h2>

White House press secretary Karine Jean-Pierre at her daily press briefing said that the two leaders aim to have a “constructive conversation” on the sidelines of the summit.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/biden-meets-chinas-top-diplomat-paving-way-for-potential-meeting-with-xi-652142">Biden meets China’s top diplomat Wang Yi, paving way for potential meeting with Xi Jinping</a>

“There is an agreement in principle to meet in San Francisco in November. We are still working through important details needed to finalize those plans,” said the White House official.&nbsp;

However, China has not yet confirmed that Xi will come. The remarks also came days after China’s top diplomat Wang Yi made a rare visit to Washington to pave the way for Xi to meet Biden at the upcoming summit.&nbsp;

“The president has said that he fully expects to meet again with President Xi. These are two guys that have a long-standing relationship and we’re confident that that’s going to happen,” National Security Council spokesman John Kirby said during Wang’s visit on Friday (Oct 27).&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/need-to-have-dialogue-chinas-wang-yi-tells-us-as-he-lays-groundwork-for-xi-biden-meet-651753">‘Need to have dialogue,’ China’s Wang Yi tells US as he lays groundwork for Xi-Biden meet</a>

<h2>Wang’s visit to Washington</h2>

China’s top diplomat met with several senior US officials last week and the White House has said that the two sides are “working together towards a meeting”. However, Wang over the weekend said that the road to talks was still “not smooth.”

During an event in Washington hosted by the Aspen Strategy Group, China’s foreign minister said that “both sides hope to stabilize and improve bilateral relations as soon as possible and agreed to work together toward a San Francisco summit between the two heads of state,” reported the Chinese state news agency Xinhua.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/chinas-top-diplomat-wang-yi-to-visit-us-to-discuss-a-range-of-issues-says-washington-650485">China’s top diplomat Wang Yi to visit US, will discuss a range of issues, says Washington</a>

He added, “The path to San Francisco is not smooth and cannot be left to ‘autopilot’”. Wang, as per Xinhua, also said that both sides must “eliminate interference, overcome obstacles, enhance consensus and accumulate results.”&nbsp;

(With inputs from agencies)

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United States President Joe Biden aims to have “constructive” talks with his Chinese counterpart Xi Jinping on the sidelines of a summit in California in November, said the White House on Tuesday (Oct 31) ahead of an expected meeting between the two leaders.

United States President Joe Biden aims to have “constructive” talks with his Chinese counterpart Xi Jinping on the sidelines of a summit in California in November, said the White House on Tuesday (Oct 31) ahead of an expected meeting between the two leaders. Biden administration officials also said that the teams of the leaders have an agreement in principle for the meeting on the sidelines of the upcoming Asia Pacific Economic Cooperation (APEC) forum which will be held in San Francisco. Will Biden and Xi meet? White House press secretary Karine Jean-Pierre at her daily press briefing said that the two leaders aim to have a “constructive conversation” on the sidelines of the summit. ALSO READ | Biden meets China’s top diplomat Wang Yi, paving way for potential meeting with Xi Jinping “There is an agreement in principle to meet in San Francisco in November. We are still working through important details needed to finalize those plans,” said the White House official. However, China has not yet confirmed that Xi will come. The remarks also came days after China’s top diplomat Wang Yi made a rare visit to Washington to pave the way for Xi to meet Biden at the upcoming summit. “The president has said that he fully expects to meet again with President Xi. These are two guys that have a long-standing relationship and we’re confident that that’s going to happen,” National Security Council spokesman John Kirby said during Wang’s visit on Friday (Oct 27). ALSO READ | ‘Need to have dialogue,’ China’s Wang Yi tells US as he lays groundwork for Xi-Biden meet Wang’s visit to Washington China’s top diplomat met with several senior US officials last week and the White House has said that the two sides are “working together towards a meeting”. However, Wang over the weekend said that the road to talks was still “not smooth.” During an event in Washington hosted by the Aspen Strategy Group, China’s foreign minister said that “both sides hope to stabilize and improve bilateral relations as soon as possible and agreed to work together toward a San Francisco summit between the two heads of state,” reported the Chinese state news agency Xinhua. ALSO READ | China’s top diplomat Wang Yi to visit US, will discuss a range of issues, says Washington He added, “The path to San Francisco is not smooth and cannot be left to ‘autopilot’”. Wang, as per Xinhua, also said that both sides must “eliminate interference, overcome obstacles, enhance consensus and accumulate results.” (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Biden aims for ‘constructive’ talks with Xi in November: White House

The Pentagon missed a “good opportunity” to send US Defence Secretary Lloyd Austin to the Beijing Xiangshan Forum, where he could have met top brass of the People's Liberation Army (PLA) and resumed long-stalled dialogues between senior military officials, a Chinese lieutenant general has said.

Austin's absence at the Xiangshan forum to affect US-China ties

Police in Indiana, USA have arrested a 61-year-old man in connection with a Halloween murder case which was unsolved for 41 years, say reports in US media. Ronald Anderson, the arrested person is accused of killing Clifford Smith (24) on October 31, 1982. The arrest was made on Tuesday night (October 31). The police have released information about the case that had previously gone cold.

Smith's wife reportedly filed a missing persons report on November 4, 1982. His body was later found near a river in Rockford, Indiana. It was found that he had died of a shotgun wound to his head. The case went cold and no arrests were made until now.

Sgt Kip Main of the Indiana State Police took over the case in 2015. The police had, in past, had even spoken with Anderson shortly after Smith's death and later on but wasn't arrested

Sgt Kip Main took a look at the investigation anew and conducted fresh interviews.

"Information gathered during the investigation indicated that Anderson was responsible for the death of Smith," said the police statement.

Also Read | <a href="https://www.wionews.com/science/fda-weighs-risks-and-benefits-of-crispr-therapy-for-sickle-cell-disease-653869">FDA weighs risks and benefits of CRISPR therapy for sickle cell disease</a>

It was reportedly revealed during the fresh investigation that Anderson was at a house in Seymour, Indiana. He left the house in a vehicle with Smith. Before leaving, Anderson had taken a shotgun from the house. Clifford Smith was never seen alive after that. Police say that Anderson even returned to the house to hand-back the shotgun and then left "to hide potential evidence."

Also Read | <a href="https://www.wionews.com/business-economy/us-consumer-confidence-hits-a-five-month-low-653811">US consumer confidence hits a five-month low</a>

Anderson was arrested on Tuesday from his home located on the east side of Seymour. He has been taken to jail and is due to appear in court.

"The Indiana State Police is committed to solving previously unsolved cases to provide closure to the family and to make an arrest so those responsible for these crimes are held accountable and prosecuted in court," said the police in the statement. 
 
(With inputs from agencies)

Police in Indiana, USA have arrested a 61-year-old man in connection with a Halloween murder case which was unsolved for 41 years, say reports in US media. Ronald Anderson, the arrested person is accused of killing Clifford Smith (24) on October 31, 1982.

Police in Indiana, USA have arrested a 61-year-old man in connection with a Halloween murder case which was unsolved for 41 years, say reports in US media. Ronald Anderson, the arrested person is accused of killing Clifford Smith (24) on October 31, 1982. The arrest was made on Tuesday night (October 31). The police have released information about the case that had previously gone cold. Smith's wife reportedly filed a missing persons report on November 4, 1982. His body was later found near a river in Rockford, Indiana. It was found that he had died of a shotgun wound to his head. The case went cold and no arrests were made until now. Sgt Kip Main of the Indiana State Police took over the case in 2015. The police had, in past, had even spoken with Anderson shortly after Smith's death and later on but wasn't arrested Sgt Kip Main took a look at the investigation anew and conducted fresh interviews. "Information gathered during the investigation indicated that Anderson was responsible for the death of Smith," said the police statement. Also Read | FDA weighs risks and benefits of CRISPR therapy for sickle cell disease It was reportedly revealed during the fresh investigation that Anderson was at a house in Seymour, Indiana. He left the house in a vehicle with Smith. Before leaving, Anderson had taken a shotgun from the house. Clifford Smith was never seen alive after that. Police say that Anderson even returned to the house to hand-back the shotgun and then left "to hide potential evidence." Also Read | US consumer confidence hits a five-month low Anderson was arrested on Tuesday from his home located on the east side of Seymour. He has been taken to jail and is due to appear in court. "The Indiana State Police is committed to solving previously unsolved cases to provide closure to the family and to make an arrest so those responsible for these crimes are held accountable and prosecuted in court," said the police in the statement. (With inputs from agencies)

US: Man arrested for a Halloween murder committed 41 years ago

The Biden admiration is walking a tightrope on the issue of humanitarian pauses in Gaza after vetoing a United Nations resolution that would have paved the way for more Aid into Gaza. The White House has shifted its position to call for more aid in Gaza. The White House says 66 trucks of humanitarian assistance entered Gaza in the last 24 hours dozens of more trucks are expected to be cleared for deliveries.

US President calls for more humanitarian aid to Gaza

Ahead of the 2024 race for the White House photojournalists have outed US President Joe Biden's cheat treats once again. Biden's notes at a recent press conference revealed that the 80-year-old president had prior knowledge of the questions and also the journalist he would be facing at a joint conference with Australian Prime Minister Anthony Albanese.

US President Joe Biden outed for using cheat sheets in conference with Australian PM

Ahead of 2024 race for White House photojournalists have ousted US President Joe Biden's cheat sheet yet again fueling Republican speculation about his mental acuity.

US leaders caught in string of gaffes; Republicans question Biden mental acuity

FTX founder Sam Bankman-Fried, in his latest testimony, has expressed "regret" for failing to investigate the $8 billion debt his hedge fund borrowed from the cryptocurrency exchange before its collapse last November.&nbsp;

The Bankman-Fried's trial revolves around allegations of defrauding FTX customers, looting customer funds to support his Alameda Research hedge fund, and making substantial donations to U.S. political campaigns.&nbsp;

During the trial, Bankman-Fried reiterated his belief that using money deposited by FTX customers into an Alameda-controlled bank account was "permissible."&nbsp;

“I deeply regret not taking a deeper look into it,” Reuters quoted him as saying. &nbsp;

He faced extensive cross-examination, particularly regarding his limited investigation into an inflated debt issue within Alameda in June 2022. The former billionaire admitted to prioritising high-level updates and attributed his inaction to his busy colleagues.&nbsp;

Prosecutor Danielle Sassoon also questioned Bankman-Fried about his relationship with Bahamian officials and the decision to allow FTX customers in the Bahamas to withdraw funds when withdrawals for others had been halted. The prosecution insinuated that Bankman-Fried's actions may have been influenced by a desire to maintain control of funds transferred to the Bahamas after FTX's bankruptcy.&nbsp;

Under direct examination from his lawyers, Bankman-Fried admitted to making "mistakes" that harmed FTX customers and employees but denied any fraudulent activities or fund misappropriation.&nbsp;

Bankman-Fried expressed a mix of emotions during his testimony, including defiance, regret, and frustration at comments and actions taken out of context. He admitted to only discovering in October 2022, shortly before FTX's bankruptcy, that Alameda had spent customer funds from FTX. He attributed this failure to not thoroughly investigate the situation to his trust in his friends and deputies.&nbsp;

Despite the prosecution's claims that he was intimately involved in decisions that allowed Alameda to take billions from FTX customers, Bankman-Fried asserted that he was less involved in day-to-day operations and decision-making than his associates suggested. He claimed he had "essentially uninvolved" himself from core operations after relinquishing the CEO role, the BBC reported.&nbsp;

The fraud trial against Sam Bankman-Fried is expected to culminate with closing arguments, with the entrepreneur potentially facing a life sentence in prison if convicted on seven federal charges, including wire fraud, securities fraud, and money laundering.&nbsp;

Bankman-Fried's defence team has maintained that he followed "reasonable" business practices as his companies rapidly expanded and emphasised his admission of managerial mistakes while denying any intent to commit fraud.&nbsp;

Moreover, Bankman-Fried's decision to testify in his own defence is being seen as a pivotal moment in the trial, as he aims to persuade the jury to dismiss allegations supported by the testimonies of his former top deputies, some of whom had pleaded guilty.&nbsp;

(With inputs from Reuters)&nbsp;

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<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

FTX founder Sam Bankman-Fried, in his latest testimony, has expressed "regret" for failing to investigate the $8 billion debt his hedge fund borrowed from the cryptocurrency exchange before its collapse last November.

FTX founder Sam Bankman-Fried, in his latest testimony, has expressed "regret" for failing to investigate the $8 billion debt his hedge fund borrowed from the cryptocurrency exchange before its collapse last November. The Bankman-Fried's trial revolves around allegations of defrauding FTX customers, looting customer funds to support his Alameda Research hedge fund, and making substantial donations to U.S. political campaigns. During the trial, Bankman-Fried reiterated his belief that using money deposited by FTX customers into an Alameda-controlled bank account was "permissible." “I deeply regret not taking a deeper look into it,” Reuters quoted him as saying. He faced extensive cross-examination, particularly regarding his limited investigation into an inflated debt issue within Alameda in June 2022. The former billionaire admitted to prioritising high-level updates and attributed his inaction to his busy colleagues. Prosecutor Danielle Sassoon also questioned Bankman-Fried about his relationship with Bahamian officials and the decision to allow FTX customers in the Bahamas to withdraw funds when withdrawals for others had been halted. The prosecution insinuated that Bankman-Fried's actions may have been influenced by a desire to maintain control of funds transferred to the Bahamas after FTX's bankruptcy. Under direct examination from his lawyers, Bankman-Fried admitted to making "mistakes" that harmed FTX customers and employees but denied any fraudulent activities or fund misappropriation. Bankman-Fried expressed a mix of emotions during his testimony, including defiance, regret, and frustration at comments and actions taken out of context. He admitted to only discovering in October 2022, shortly before FTX's bankruptcy, that Alameda had spent customer funds from FTX. He attributed this failure to not thoroughly investigate the situation to his trust in his friends and deputies. Despite the prosecution's claims that he was intimately involved in decisions that allowed Alameda to take billions from FTX customers, Bankman-Fried asserted that he was less involved in day-to-day operations and decision-making than his associates suggested. He claimed he had "essentially uninvolved" himself from core operations after relinquishing the CEO role, the BBC reported. The fraud trial against Sam Bankman-Fried is expected to culminate with closing arguments, with the entrepreneur potentially facing a life sentence in prison if convicted on seven federal charges, including wire fraud, securities fraud, and money laundering. Bankman-Fried's defence team has maintained that he followed "reasonable" business practices as his companies rapidly expanded and emphasised his admission of managerial mistakes while denying any intent to commit fraud. Moreover, Bankman-Fried's decision to testify in his own defence is being seen as a pivotal moment in the trial, as he aims to persuade the jury to dismiss allegations supported by the testimonies of his former top deputies, some of whom had pleaded guilty. (With inputs from Reuters) WATCH WION LIVE HERE

'Deeply regret': FTX founder Sam Bankman-Fried faces intense scrutiny in fraud trial

Trick or treat! Halloween, far from being just a night of scares and sweets, has become a major economic fiesta, at least in the United States.&nbsp;

While the spirits of All Hallows' Eve might seem to favour spooky fun and frolics, the holiday has quietly transformed into a commercial fiesta that sends chills down the spine of the world economy. From costumes to candy, decorations to haunted attractions, Halloween has become a massive industry that contributes significantly to the economy.

Halloween is celebrated every year on the 31st of October. It's a day that is known for its orange and black decorations as well as its spooky costumes. But Halloween is not just about the decorations and costumes; it has a far-reaching impact and plays a significant role in various sectors and industries. 
Americans are gearing up to spend a staggering $12.2 billion on all things Halloween, from eerie yard decorations and the perfect costumes to tantalizingly sweet and sour candy, fostering participation among a spine-tingling 73 per cent of the population, according to the National Retail Federation (NRF).

The NRF estimates that the average American will invest approximately $108 in Halloween paraphernalia, underscoring that this haunting holiday isn’t just for the little ghouls and goblins but entices all age groups to join in the fun.

In 2023, families are projected to shell out an impressive $1.4 billion on children's costumes and an even more formidable $2 billion on adult costumes, revealing the extent of enthusiasm across all demographics for this ghostly celebration.

It's not just the neighbourhoods that are decked out in Halloween attire; college campuses are experiencing a significant surge in Halloween revelry.

Interestingly, Halloween holds the ghoulishly delightful No. 5 spot for overall alcohol consumption on holidays, according to a study conducted by Mountain Side, an alcohol and drug rehabilitation organisation.

During the spooky season, costumes play a significant role in generating revenue. Consumers worldwide are more willing to spend on intricate and innovative costumes, not just for kids but also for adults who enjoy the revelry. This increased demand contributes significantly to the fashion and retail industries' bottom line, with brands and retailers profiting from the seasonal craze.

Halloween isn't just about costumes. The business of decorations and party supplies plays a significant role in driving the economy. From pumpkins and cobwebs to skeletal figurines and eerie lighting, the demand for Halloween-themed home décor has created a robust market for retailers. This has contributed to an upsurge in sales before the Halloween season. It's not just residential areas that are feeling the spooky vibes; businesses, both big and small, capitalise on the craze by decorating offices, restaurants, and public spaces. This further boosts the economic activity surrounding the holiday.

Halloween is a season when candy sales skyrocket like witches on broomsticks. Confectionery and chocolate companies experience a massive surge in demand, with the sales of spooky-shaped chocolates and candies hitting record numbers. To entice consumers, companies strategically roll out seasonal and limited-edition treats, resulting in increased sales and profits.

As Halloween approaches, the entertainment industry also joins in on the money-making frenzy. Amusement parks, haunted houses, and other spooky attractions utilise the season to offer terrifying experiences and themed events that attract crowds, generating significant revenue. Themed events, parties, and seasonal experiences have become significant contributors to the leisure and entertainment industries, both locally and internationally.

Halloween is a celebration that not all businesses benefit from. Health and wellness-related firms might face difficulties as consumers indulge in sugary treats, leading to post-Halloween guilt and a rise in gym memberships. Additionally, eco-conscious individuals are worried about the environmental effects of Halloween, with the mass production of single-use costumes and decorations contributing to waste and carbon footprint issues.

Halloween isn't just a holiday celebrated in a few countries like the US. It has become a global phenomenon that benefits the world economy. Manufacturers, suppliers, and retailers from various parts of the world contribute to the production and distribution of Halloween goods and services.&nbsp;

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Trick or treat! Halloween, far from being just a night of scares and sweets, has become a major economic fiesta, at least in the United States. While the spirits of All Hallows' Eve might seem to favour spooky fun and frolics, the holiday has quietly transformed into a commercial fiesta that sends chills down the spine of the world economy.

Trick or treat! Halloween, far from being just a night of scares and sweets, has become a major economic fiesta, at least in the United States. While the spirits of All Hallows' Eve might seem to favour spooky fun and frolics, the holiday has quietly transformed into a commercial fiesta that sends chills down the spine of the world economy. From costumes to candy, decorations to haunted attractions, Halloween has become a massive industry that contributes significantly to the economy. Halloween is celebrated every year on the 31st of October. It's a day that is known for its orange and black decorations as well as its spooky costumes. But Halloween is not just about the decorations and costumes; it has a far-reaching impact and plays a significant role in various sectors and industries. Americans are gearing up to spend a staggering $12.2 billion on all things Halloween, from eerie yard decorations and the perfect costumes to tantalizingly sweet and sour candy, fostering participation among a spine-tingling 73 per cent of the population, according to the National Retail Federation (NRF). The NRF estimates that the average American will invest approximately $108 in Halloween paraphernalia, underscoring that this haunting holiday isn’t just for the little ghouls and goblins but entices all age groups to join in the fun. In 2023, families are projected to shell out an impressive $1.4 billion on children's costumes and an even more formidable $2 billion on adult costumes, revealing the extent of enthusiasm across all demographics for this ghostly celebration. It's not just the neighbourhoods that are decked out in Halloween attire; college campuses are experiencing a significant surge in Halloween revelry. Interestingly, Halloween holds the ghoulishly delightful No. 5 spot for overall alcohol consumption on holidays, according to a study conducted by Mountain Side, an alcohol and drug rehabilitation organisation. During the spooky season, costumes play a significant role in generating revenue. Consumers worldwide are more willing to spend on intricate and innovative costumes, not just for kids but also for adults who enjoy the revelry. This increased demand contributes significantly to the fashion and retail industries' bottom line, with brands and retailers profiting from the seasonal craze. Halloween isn't just about costumes. The business of decorations and party supplies plays a significant role in driving the economy. From pumpkins and cobwebs to skeletal figurines and eerie lighting, the demand for Halloween-themed home décor has created a robust market for retailers. This has contributed to an upsurge in sales before the Halloween season. It's not just residential areas that are feeling the spooky vibes; businesses, both big and small, capitalise on the craze by decorating offices, restaurants, and public spaces. This further boosts the economic activity surrounding the holiday. Halloween is a season when candy sales skyrocket like witches on broomsticks. Confectionery and chocolate companies experience a massive surge in demand, with the sales of spooky-shaped chocolates and candies hitting record numbers. To entice consumers, companies strategically roll out seasonal and limited-edition treats, resulting in increased sales and profits. As Halloween approaches, the entertainment industry also joins in on the money-making frenzy. Amusement parks, haunted houses, and other spooky attractions utilise the season to offer terrifying experiences and themed events that attract crowds, generating significant revenue. Themed events, parties, and seasonal experiences have become significant contributors to the leisure and entertainment industries, both locally and internationally. Halloween is a celebration that not all businesses benefit from. Health and wellness-related firms might face difficulties as consumers indulge in sugary treats, leading to post-Halloween guilt and a rise in gym memberships. Additionally, eco-conscious individuals are worried about the environmental effects of Halloween, with the mass production of single-use costumes and decorations contributing to waste and carbon footprint issues. Halloween isn't just a holiday celebrated in a few countries like the US. It has become a global phenomenon that benefits the world economy. Manufacturers, suppliers, and retailers from various parts of the world contribute to the production and distribution of Halloween goods and services. WATCH WION LIVE HERE

Haunting Economics: Halloween’s spooky influence on the global economy

A Bloomberg report showed that the tech staff of the New York times went on a strike for half a day on Monday afternoon, claiming that the management is unfairly trying to get them back to work without bargaining in good faith.

New York Times tech workers stage half-day strike | World Business Watch

US workers are becoming increasingly concerned about layoffs, even as they have less fears about an impending recession. According to Glassdoor, this month had the greatest level of layoff talk since July 2020.

Layoff fears loom over US workers despite strong economy

X, formerly known as Twitter, which distributed stock grants to its employees recently, has revealed a big drop in its valuation.&nbsp;

According to internal documents obtained by The New York Times, the company's value has plummeted to approximately $19 billion. This figure marks a stark 55 per cent decline from the staggering $44 billion that tech mogul Elon Musk paid to acquire the company merely a year ago.&nbsp;

Elon Musk's acquisition of Twitter transpired at a rate of $54.20 per share, which he himself has subsequently acknowledged as an overpayment for the social media platform.

&nbsp;In March, he conveyed his belief that the company's worth stood at $20 billion, characterising it as "an inverse start-up".&nbsp;

The report by New York Times cited documents detailing the latest stock grants, wherein X disclosed that equity would be extended at $45 per share in the form of restricted stock units, enabling employees to earn these shares over time.&nbsp;

The company has also confirmed that employees will still receive cash equivalent to the original acquisition price of $54.20 per share, pertaining to shares granted under the previous management.&nbsp;

It remains unclear why X's share price has not mirrored the same percentage decrease as the company's overall valuation. It is possible that X adjusted the number of shares available.&nbsp;

During his year of ownership, Elon Musk has executed extensive transformations within Twitter, leading to shifts in both the company's structure and the social media platform itself. The company has witnessed the departure or layoffs of over 80 per cent of its 7,500 employees. Musk has implemented alterations to the platform's verification process and content moderation policies. Notably, advertising, Twitter's primary revenue source, saw a nearly 60 per cent decline in the United States during the summer. To finance the acquisition, Musk also burdened the company with billions of dollars in debt.&nbsp;

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X, formerly known as Twitter, which distributed stock grants to its employees recently, has revealed a big drop in its valuation. According to internal documents obtained by The New York Times, the company's value has plummeted to approximately $19 billion.

X, formerly known as Twitter, which distributed stock grants to its employees recently, has revealed a big drop in its valuation. According to internal documents obtained by The New York Times, the company's value has plummeted to approximately $19 billion. This figure marks a stark 55 per cent decline from the staggering $44 billion that tech mogul Elon Musk paid to acquire the company merely a year ago. Elon Musk's acquisition of Twitter transpired at a rate of $54.20 per share, which he himself has subsequently acknowledged as an overpayment for the social media platform. In March, he conveyed his belief that the company's worth stood at $20 billion, characterising it as "an inverse start-up". The report by New York Times cited documents detailing the latest stock grants, wherein X disclosed that equity would be extended at $45 per share in the form of restricted stock units, enabling employees to earn these shares over time. The company has also confirmed that employees will still receive cash equivalent to the original acquisition price of $54.20 per share, pertaining to shares granted under the previous management. It remains unclear why X's share price has not mirrored the same percentage decrease as the company's overall valuation. It is possible that X adjusted the number of shares available. During his year of ownership, Elon Musk has executed extensive transformations within Twitter, leading to shifts in both the company's structure and the social media platform itself. The company has witnessed the departure or layoffs of over 80 per cent of its 7,500 employees. Musk has implemented alterations to the platform's verification process and content moderation policies. Notably, advertising, Twitter's primary revenue source, saw a nearly 60 per cent decline in the United States during the summer. To finance the acquisition, Musk also burdened the company with billions of dollars in debt. WATCH WION LIVE HERE

X's valuation takes a dive, falls from $44 billion to $19 billion 

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