Wednesday, May 8, 2024

'An Unbelievable Result' in FTX Bankruptcy (Newser Morning 8)

Newser Newsletter
May 8, 2024
 
 
"Real happiness is cheap enough, yet how dearly we pay for its counterfeit."
—Hosea Ballou
 
1
Disney had some good news to share during its latest quarterly report, including the profit its streaming services (Disney+ and Hulu) turned this time around. Keep reading
 
2
Customers of Sam Bankman-Fried's imploded cryptocurrency exchange will get paid—with interest. Keep reading
 
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At a Glance
At a glance
The Belem, a three-masted sailing ship carrying the Olympic flame, is accompanied by other boats approaching Marseille, southern France, Wednesday, May 8, 2024. After leaving Marseille, a vast relay route will be undertaken before the torch odyssey ends on July 27 in Paris. The Paris 2024 Olympic Games will run from July 26 to Aug.11, 2024. (AP Photo/Nicolas Garriga) Keep reading
 
3
A planned shipment from the US to Israel that was to include 1,800 2,000-pound bombs and 1,700 500-pound bombs was paused last week due to concerns that Israel was planning to defy US wishes and invade Rafah, launching a full-scale assault on the southern Gaza city in a major expansion of Israel's military operation there. Keep reading
 
4
A massive, newly released report on the workplace culture at the Federal Deposit Insurance Corp. includes major accusations against the government agency. Keep reading
 
5
Kim Ki Nam, a North Korean propaganda chief who helped build personality cults around the country's three dynastic leaders, has died at 94, the North's state media said. Keep reading
 
6
Panera's Charged Lemonade has been blamed for two deaths, and now the restaurant chain is reportedly ditching the energy drink. Keep reading
 
7
Prince Harry is back in the UK for the first time since February, but he won't be seeing his father on this visit. Keep reading
 
8
Before Donald Trump's hush-money trial adjourned for the day on Tuesday, there were some tense exchanges between Stormy Daniels and Trump lawyer Susan Necheles. Keep reading
 
This Day in History
In 2020, the unemployment level surged to 14.7%, a level last seen when the country was in the throes of the Great Depression; the government reported that 20 million Americans had lost their jobs in April amid the economic fallout from the coronavirus pandemic.
Find out what else happened on this date here.
 
From the Newser Archives
 
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