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WSJ What’s News

FTX’s Sam Bankman-Fried Charged With Bribing Chinese Officials

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 28 March 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

P.M. Edition for March 28. A U.S. indictment unveiled Tuesday alleges that in 2021, the FTX founder directed payoff to regain access to more than $1 billion in frozen cryptocurrency. Plus, rising interest rates haven’t hit U.S. companies that hard yet. But Heard on the Street columnist Justin Lahart says this could soon change and explains what it could mean for consumers. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Some things leave you guessing.

0:03.0

Like, why are yours contagious?

0:06.0

But not MailChimp.

0:07.0

MailChimp eliminates guesswork from email marketing

0:10.0

by analyzing data from billions of emails

0:12.0

to offer up personalized recommendations

0:14.0

for how to improve your email content and targeting.

0:17.0

Guess less than sell more within to it MailChimp.

0:25.0

FTX Founder Sam Bankman-Free is hit with another criminal charge

0:29.0

and a judge rules that former Vice President Mike Pence

0:32.0

must testify in the January 6th probe.

0:35.0

Plus, US companies haven't been hit hard yet

0:38.0

by rising interest rates.

0:40.0

But that could change this year

0:42.0

and it could have consequences for consumers.

0:44.0

Well, to the extent that companies have higher costs

0:47.0

because of higher interest rate expenses,

0:50.0

they're going to try and pass it on.

0:52.0

And passing it on, that comes out in inflation.

0:55.0

Probably that the more important way that it affects consumers

0:59.0

is it's going to affect the job market.

1:01.0

It's Tuesday, March 28th.

...

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