A federal judge has sentenced former FTX CEO Sam Bankman-Fried to 25 years for defrauding the crypto exchange's (FTT-USD) investors and customer base. Bankman-Fried has been ordered to forfeit $11 billion to compensate the victims. CoinDesk Managing Editor Nik De sits down with Yahoo Finance Live in-studio to discuss Bankman-Fried's sentencing, how much time the disgraced FTX co-founder will likely be made to serve in prison, and other details from Thursday's ruling. "From the beginning, it felt like prosecutors were making this... almost a poster child of what they can bring to bear against alleged criminal activity in crypto, at least as far as running exchanges go," De comments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Luke Carberry Mogan.
The University of Michigan released its latest reading of the Consumer Sentiment Index for March of 2024. Consumer Sentiment increased from last month, reaching its highest point since July 2021. Yahoo Finance Reporter Josh Schafer joins Market Domination to discuss the consumer sentiment report for March and what it means for the market going forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Nicholas Jacobino
2024's first quarter has been fruitful for investors.
Palantir Technologies (PLTR) shares are trading lower Thursday after Brian White, an analyst from Monness, Crespi, Hardt & Co., downgraded the stock to Sell from Neutral. Additionally, White lowered his price target to $20, citing an "excessive" valuation fueled by the AI boom and that he believes "the darkest days of this economic downturn are ahead of us." Yahoo Finance's Josh Lipton and Akiko Fujita breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
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