Cramer gave his take on the collapse of FTX and its new CEO John Ray's comments about the company's failure to practice corporate governance.
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TSM FTX drops FTXFTX had signed a huge sponsorship deal with TSM.
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The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
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Former SEC Official Doubts FTX Crash Will Prompt Congress to Act on Crypto RegulationsFormer SEC Branch Chief LisaBraganca doesn't think Congress will act to set guidelines for crypto regulations in the aftermath of FTX's collapse. _franvela reports.
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The Fall of Crypto's Golden Boy - The Journal. - WSJ PodcastsUntil last week, FTX founder Sam Bankman-Fried was the face of crypto. Admirers saw him as an approachable, friendly billionaire eager to deploy his wealth for good. Then his crypto empire imploded, leaving hundreds of thousands of investors’ assets in doubt. WSJ’s Greg Zuckerman profiles the man behind FTX. Further Reading: -How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to Villain -FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall -Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds -FTX’s Collapse Leaves Employees Sick With Anger Further Listening: -How Crypto Giant FTX Suddenly Imploded
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Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategyStocks slumped on Wednesday after Target reported a sales decline.
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