Sam Bankman-Fried’s assets worth nearly $700 million will be confiscated if he is convicted of fraud, according to federal prosecutors leading the case against the FTX founder. In a court filing Friday, U.S. Attorney for the Southern District of New…
Elon Musk has denied that his frequent Twitter posts have moved Tesla’s stock price, as he begins to testify Friday in a trial that his 2018 “hedge fund” tweets illegally manipulated the electric car maker’s value. Dressed in a dark…
Alex Spiro, attorney for Elon Musk, center, leaves court in San Francisco, California, USA, Tuesday, January 17, 2023. Benjamin Fanjoy Bloomberg Getty Images Tesla CEO Elon Musk appeared in San Francisco federal court on Friday to defend a tweet he…
Proponents of taxes for the wealthy insist that people are emerging from the COVID-19 pandemic with a greater appetite for what they call “tax justice.” Bills announced in California, New York, Illinois, Hawaii, Maryland, Minnesota, Washington and Connecticut differ in…
Chris Hipkins is set to become New Zealand’s next prime minister after being named as Labor’s sole candidate to replace leader Jacinda Ardern. Hipkins, the country’s education minister, has been tipped to succeed Ardern, who announced this week that she…
CNBC’s Jim Cramer on Friday offered investors a list of e-commerce plays he believes should be bought, despite the group’s rough performance in 2022. “There are still some e-commerce plays that I’d like to see here, which really put the…
Since the initial pandemic lockdown, economic conditions and recession predictions have been different. But one thing remains constant: JPMorgan CEO Jamie Dimon’s opinion on remote work. That is: unproductive. Dimon explained a long-standing complaint with remote work in an interview…
A powerful group of crypto executives returned to the World Economic Forum in Davos, but without their trademark swagger, pointing to the failure of the FTX trading platform that has plagued the industry. At the previous Alpine meeting of the…
A visual representation of Bitcoin. Edward Smith Getty Images Cryptocurrencies rallied this week even as US equities pulled back briefly from their new year rally and major crypto lenders filed for long-awaited bankruptcy. Bitcoin was last higher by about 12%…
The former president of one of the nation’s largest police unions pleaded guilty Friday to stealing hundreds of thousands of dollars from the union to fund a lavish lifestyle that prosecutors say included high-end restaurants and lavish personal items. Ed…