Business Leaders Debate Attending Saudi Conference Amid Israel-Hamas Conflict; Wall Street Banks Post Strong Earnings; China's Belt and Road Falters as U.S. Plans Chip Export Limits; Witnesses Detail FTX Spending as Bankman-Fried Defense Cites Jail Medication; Vista Outdoor Selling Sports Unit for $1.9 Billion
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Business leaders are debating whether to attend a high-profile Saudi conference amid conflict between Israel and Hamas. Some worry about the optics, but stigma around going has lessened.
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Wall Street banks like Goldman Sachs and Bank of America reported strong earnings, aided by trading revenues and loan growth.
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China's Belt and Road initiative is struggling as economic troubles mount at home. The U.S. plans to restrict semiconductor sales to China.
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Key witnesses are testifying against Sam Bankman-Fried, detailing FTX's lavish spending and misuse of customer funds. His defense raised getting sufficient meds in jail.
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Vista Outdoor will sell its sports unit for $1.9 billion. Neuberger Berman wants Lions Gate to end its dual-class stock structure.