The Huge Order Boeing 787 Dreamliners By United Airlines | Former FTX CEO Sam Bankman-Fried Was Arrested
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There is no end to the drama in the cryptocurrency market. FTX CEO has been arrested and is awaiting extradition. Alongside the arrest, United Airlines is making a major purchase of Boeing planes. With the new year approaching, everyone is making New Year's resolutions, Morgan Stanley advises you to look at your finances.
In this article:
- The arrest of former FTX CEO Sam Bankman-Fried
- The huge order
- Morgan Stanley’s financial tips
- India's central bank has lifted informal restrictions
The arrest of former FTX CEO Sam Bankman-Fried
The drama in the cryptocurrency market continues. Today, the main topic of conversation is the arrest of former FTX CEO Sam Bankman-Fried.
The cofounder and former CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas. The United States may require his extradition. Bankman-Fried's arrest by law enforcement in the Bahamas, as well as his expected extradition, suggest that the close cooperation between the Bahamas and the United States will continue to evolve throughout the bankruptcy proceedings.
His arrest is the first concrete move by regulators to hold individuals accountable for the multibillion-dollar FTX implosion. Sam Bankman-Fried faces charges of electronic fraud, electronic fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering.
BREAKING: FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges https://t.co/0zAaXiED9X
— CNBC Now (@CNBCnow) December 12, 2022
Read next: Cathie Wood's ARK Innovation (ARKK) Exchange-Traded Fund Loses Investor Confidence| FXMAG.COM
The huge order
United Airlines buys 100 Boeing 787 Dreamliners with an option to buy another 100. The airline also buys 56 additional Boeing 737 Max single-aisle aircraft and exercises options on 44 more. The huge order is a big boost for Boeing from one of its biggest customers.
United Airlines is buying at least 100 Boeing Dreamliners to replace aging wide-body jets https://t.co/mgJoAtRVE6
— CNBC (@CNBC) December 13, 2022
Financial tips
Morgan Stanley traditionally comes out with financial tips.
The start of a new year offers an opportunity to reflect on the past and set goals for the future. Revisiting both your personal and financial goals can help set you up for success in 2023. How best to do such a financial check, where to start, what to check? Such information is provided by an article by Morgan Stanley. Getting to know yourself financially can be helpful.
Planning future expenses, building a financial cushion, investments can prove to be useful skills in securing oneself financially, especially when many economies around the world are facing recession. Such skills are useful not only in difficult times. Controlling your finances can allow you to become financially independent or make your dreams come true, e.g. about a dream vacation.
As 2023 approaches, take some time to review your financial history in 2022 to help plan for next year’s goals. https://t.co/xYhLUOSIDx
— Morgan Stanley (@MorganStanley) December 13, 2022
India's central bank has lifted informal restrictions
India's central bank has lifted informal restrictions on non-deliverable rupee futures. In October, the central bank informally informed banks to stop building new positions in the NDF market to manage rupee volatility.
The RBI does not currently consider banks using any mispricing between the two markets to pose a threat to the rupee, another private sector banker said. The fall in the value of the dollar and its relatively stable outlook helped the RBI.
Exclusive: India's RBI removes informal restrictions on rupee NDF trades - sources https://t.co/iiq1LN0Ykk pic.twitter.com/FMWzPCqita
— Reuters Business (@ReutersBiz) December 13, 2022
