Elon Musk suggests Sam Bankman-Fried should go to prison, saying he needs an ‘adult timeout in the big house’

Sam Bankman-Fried and Elon Musk. Tom Williams/CQ-Roll Call Inc via Getty Images; Carina Johansen/Getty Images Elon Musk has suggested FTX cofounder Sam Bankman-Fried should go to prison. Musk said of the crypto boss: “Let’s just give him an adult timeout in the big house & move on.” This isn’t the first time Musk has taken…

Elon Musk says Twitter’s team was ‘too intense’ with suspending false accounts and is ‘moving to chill mode’

Musk says Twitter team was “too intense” with removing spam and bot accounts from the platform. Susan Walsh/AP Musk said Twitter’s team had been “too intense” with suspending fake accounts. One user complained that accounts posting positive content and memes were being suspended.  Musk said the team in charge of suspensions was “moving to chill…

Watch out for another Fed policy mistake given these ‘clouds on the horizon’ in the jobs report, Mohamed El-Erian says

Mohamed El-Erian. Rob Kim/Getty Images The latest jobs report showed there are economic ‘clouds on the horizon’, Mohamed El-Erian has warned. US labor force participation fell even as wages carried on rising, according to November’s employment data. Markets need to watch out for a possible Federal Reserve policy mistake, El-Erian said. The latest US jobs…

Earnings from high-yield savings accounts or CDs are subject to income tax. Here’s how that works

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. High-yield savings accounts are a great tool to help you earn more…

‘It’s stolen customer money’: Coinbase CEO Brian Armstrong blasts claims of accounting mistakes in FTX’s downfall

Coinbase CEO Brian Armstrong. Patrick T. Fallon / Getty Images Coinbase’s Brian Armstrong rejects claims that FTX’s downfall was due to an accounting error. FTX founder says he didn’t “knowingly commingle funds” between his crypto exchange and hedge fund. “Even the most gullible person should not believe Sam’s claim that this was an accounting error,”…

Denmark’s new ‘energy islands’ could revolutionize Europe’s power systems

  A rendering of Denmark’s energy island. Courtesy of the Danish Energy Agency Denmark’s energy islands will be a hub for transmitting wind-generated electricity and producing green hydrogen. The energy islands will create a new power system that will be able to transmit offshore wind power over large distances. This article is part of “The…

What you should know about the ‘buy now, refinance for free later’ deals some mortgage lenders are offering

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. A “buy now, refinance for free later” mortgage could potentially save borrowers…

US stocks drop and bond yields rise as traders await round of new economic data

Spencer Platt/Getty US stocks fell to start the week, with investors awaiting more economic data after the November jobs report.  On tap this week is the latest Producer Price Index Reading on Friday, as well as new consumer sentiment data.  Bond yields rose, with the 10-year Treasury trading four basis points higher at 3.55%.  US…