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China stocks soar in stimulus afterglow; dollar sags on rate bets

By Kevin Buckland TOKYO (Reuters) – Chinese stocks surged on Wednesday, lifting regional markets and helping extend a stimulus-fueled global rally that also underpinned risk-sensitive currencies, while Brent crude hovered near a three-week high. The dollar drooped after weak U.S. macroeconomic data overnight boosted the case for a second super-sized …

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Caroline Ellison sentenced to two years in prison for FTX fraud

Caroline Ellison, the former CEO of FTX affiliate Alameda Research, was sentenced to two years in prison on Tuesday. Ellison pled guilty to conspiring with FTX’s Sam Bankman-Fried to steal $8 billion worth of customers’ funds, but she was an exceedingly cooperative witness, helping law enforcement to investigate the massive …

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