Good afternoon.
Markets rally to finish November, Bitcoin climbs above $17,000, and Sam Bankman-Fried tells the NYTimes he 'messed up big.'
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks rallied on Wednesday after a speech by Fed Chair Jerome Powell.
During his speech, Fed Chair Powell signaled that the central bank could soon slow its interest rate increases:
Investors have waited months for signs that the Fed might slow its rate hikes. Powell's comments today sent the S&P 500 up more than 3%.
Sam Bankman-Fried speaks out. In an interview with the NYTimes, the founder of crypto exchange FTX said he 'messed up big' but never committed fraud.
The crypto market climbed on Wednesday, with Bitcoin rallying above $17,000, as cryptocurrencies followed global markets higher.
Catch Up
The S&P 500 finished today above its 200-day moving average for the first time since April.
Sam Bankman-Fried says he has $100k left in his bank account. Last month, he was worth $15 billion.
Elon Musk said Apple has stopped advertising on Twitter and threatened to kick out the app from the App Store.