More Twitter workers flee. Western US cities to remove decorative grass. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
U.S. equity futures traded higher to end the week, despite concerns over higher interest rates.Oil is heading for a steep weekly decline.Brent crude futures traded around $90.00 a barrel.St Louis Fed President James Bullard was the latest Fed official to push back on market hopes for a pause in interest rate hikes, saying the funds rate needs to rise to at least 5-5.25% to curb inflation, from 3.75-4% currently.On Thursday, the S&P 500 declined to 3,946.56.
Gap shares are gaining 7% in premarket trading after the retailer beat Wall Street estimates for quarterly sales and posted a profit. Troubled cryptocurrency firm FTX updated its bankruptcy filing in Delaware on Thursday, and the document is chock-full of new insights into the chaotic and questionable business practices that occurred under the leadership of former CEO Sam Bankman-Fried.
There is no question Elizabeth Holmes will serve time in federal detention, it's a matter of how long and where.
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