Page 18 - Evening Edit News Today

FTX filed Saturday morning for court relief in order to pay claims for its critical vendors. The cryptocurrency exchange is also beginning a review of its assets.

John Ray III, the new FTX CEO tasked with investigating the collapse of the crypto exchange, slammed the leadership of predecessor, Sam Bankman-Fried.

Even though the rig count increased during most months over the past two years, weekly increases have averaged zero since the start of the pandemic in March 2020.

California voters on Tuesday rejected a measure that proposed increasing taxes on wealthy residents to put more electric vehicles on the road

Several states are considering tax policy changes during this year's midterm elections, including tax-the-rich measures in Massachusetts and California.

Small business owners say inflation is their top concern leading up to the 2022 midterm elections, ahead of workforce issues and supply chain challenges.

Regulation

Colorado electric vehicle owner Alan O'Hashi says he was "rudely awakened" by his car's slow charging speed and warns drivers are going into purchasing EVs "a bit blindly."

Mortgage rates dipped slightly this week to 6.95% down from a 20-year high last week of 7.08%, this continues to affect the real estate market as demand slumps.

Some big names – including Fox Corporation, Pfizer, Phillips 66, Uber, Prudential Financial and Eli Lilly – are all expected to report earnings on Tuesday.