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- FTX bankruptcy judge approves disclosure plan, ballots to be sent to creditors on July 10
FTX bankruptcy judge approves disclosure plan, ballots to be sent to creditors on July 10
Bay Area Times
June 27, 2024
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Top stories today:
- FTX bankruptcy judge approves disclosure plan, ballots out July 10
- Amazon crosses $2T for first time, +4% after AI news
- Tesla close to losing majority of U.S. EV market
- Trump 65.7% favorite to win election: Nate Silver
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. FTX bankruptcy judge approves disclosure plan, ballots to be sent to creditors on July 10
Oct. 7: proposed confirmation hearing.
<$50K creditors would receive their money <60 days after that.
66.7%+ of dollar value and 50%+ of votes tallied required to approve the plan.
Customers expected to get 118%+ of their Nov. 2022-dollarized money back, considering a 9% per year interest rate.
2. Amazon crosses $2T for first time, +4% after discount section news
CORRECTION: Investors liked the news that Amazon plans to launch a discount section with direct shipping from China like Temu and Shein.
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4. Tesla close to losing majority of U.S. EV market
It is still bigger than all the rest combined:
