congressional

Billionaire Who Tried to Buy Congressional Seat in Oregon Goes Bankrupt as His Crypto Companies Crash

Billionaire Who Tried to Buy Congressional Seat in Oregon Goes Bankrupt as His Crypto Companies Crash

Six months ago, billionaire Sam Bankman-Fried spent millions to install his favorite candidate in the new seat of the US Congress in Oregon. Now the crypto companies that made him rich are bankrupt. Bankman-Fried, a resident of the Bahamas, upended the political order in Oregon last spring by spending $11.4 million to support political newcomer …

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Live stock market news updates: Stocks fall as congressional scrutiny remains up in the air

Live stock market news updates: Stocks fall as congressional scrutiny remains up in the air

U.S. stocks fell on Wednesday after three days of gains as investors reflect on a mixed verdict from the midterm election results that challenged expectations about who will control the U.S. House and Senate. The S&P 500 (^GSPC) lost 1.8%, while the Dow Jones Industrial Average (^DJI) fell 1.6%. The tech-heavy Nasdaq Composite (^IXIC) fell …

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