FTX founder indicted on eight criminal charges including fraud and conspiracy

The Securities and Exchange Commission charged Sam Bankman-Fried on Tuesday with defrauding investors in his failed crypto exchange FTX.

News: What you need to know about the markets     FTX founder indicted on eight criminal charges including fraud and conspiracy The Securities and Exchange Commission charged Sam Bankman-Fried on Tuesday with defrauding investors in his failed crypto exchange FTX. Read more »   Inflation is finally falling. But the days when prices rose just 2% may never return For the first time in decades, people in Europe and North America have been forced to contend with the harsh consequences of rapid inflation. That's meant higher grocery bills, wages that don't stretch as far and savings that lose value. For some, it's meant choosing between heating their homes and putting food on the table. Read more »   Inflation cooled more than expected in November Inflation in November rose 7.1% annually, down from 7.7% in October, according to the Bureau of Labor Statistics' closely watched Consumer Price Index. Read more »   Sears Hometown files for Chapter 11 bankruptcy protection The "other Sears" is in financial turmoil, just like its more famous former parent company. Read more »   OJ prices are rising: Florida orange production expected to fall to lowest level in over 80 years The combination of extreme weather and a disease impacting citrus fruit is expected to drive down Florida's orange crop to its lowest level since before World War II, shrinking the state's already dwindling supply and promising to send orange juice prices even higher. Read more »   How the Fed could do a smaller rate hike and still upset markets The Federal Reserve is expected to respond to persistently high inflation by hiking interest rates half a point on Wednesday. That will mark its seventh and final painful hike of the year, albeit a smaller one than the last four historically high three-quarter point increases. Read more »

Dow Nasdaq S&P +103.60   +113.08   +29.09 34,108.64   11,256.81   4,019.65 +0.30%   +1.01%   +0.73% YTD -6.14%   YTD -28.05%   YTD -15.66%

Biggest Winners Halliburton Co +7.87%   Epam Systems Inc +5.35%   Cooper Companies Inc +5.00%   West Pharmaceutical Services Inc +4.40% Biggest Losers Centene Corp -4.22%   Delta Air Lines Inc -4.00%   M&T Bank Corp -3.56%   Regions Financial Corp -3.31%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $75.26 +2.09 / +2.86% Gold $1,822.20 +29.90 / +1.67% 10-yr 3.50% -0.11 Euro $1.06 +0.01 / +0.86%

More Markets Now   Watch the live digital show, now every Wednesday 12 p.m. to 12:15 p.m. ET.

Hi, let us know what you think of this newsletter!   Tell us what you want to read more of... and less of. Email your tips and feedback to MarketsNow@cnn.com

Sign up for Reliable Sources newsletter   Sign up for Before the Bell newsletter

Tips, thoughts or questions are always welcome at MarketsNow@cnn.com   Want to change how you receive these emails? You can unsubscribe from this list   ® © 2022 Cable News Network Inc. A WarnerMedia Company. All Rights Reserved. You are receiving this message because you subscribed to CNN Business's "Markets Now" newsletter. Our Mailing address is: Cable News Network, Inc. 1 CNN Center Atlanta, GA 30303