Tag Archives: CNBC

Parent of FTX victim who lost $130,000 asks judge to go easy on SBF, suggests six years in prison versus DOJ’s 40-50

Defense submitted additional character references to the court as Judge Lewis Kaplan nears a decision on Bankman-Fried’s sentence.

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Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

Amazon is spending billions more to back an artificial intelligence startup as it looks for an edge in this new technology arms race. 

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SEC scores big win in lawsuit against crypto exchange Coinbase

The ruling in favor of the SEC comes as Coinbase has become a go-to partner for big Wall Street assert managers looking to offer cryptocurrency trading options.

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The UK is regulating memes about crypto and other investments to curb scams from ‘finfluencers’

The Financial Conduct Authority said marketing for financial products — including those expressed in memes — should be fair, clear, and not misleading.

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Adam Neumann’s bid to buy back WeWork faces uphill battle due to financing challenges

WeWork founder Adam Neumann is reportedly trying to buy back the company that ousted him in 2019, but he faces plenty of hurdles along the way.

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Reddit investors shrug off hold rating, bid up stock another 15% as post-IPO rally continues

Reddit’s post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst.

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SEC settles insider trading charges against Andy Bechtolsheim, co-founder of Arista, Sun Microsystems

Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks, reached a settlement with the SEC on insider trading charges.

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Apple announces its big annual conference, where it could reveal its AI strategy

Apple typically reveals the latest versions of its iPhone, iPad, Mac and Apple TV software at WWDC via a “keynote” video on the first day, led by CEO Tim Cook.

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How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla

Warren Buffet-backed BYD recently became the world’s top EV maker, and has ambitious plans to win over foreign markets with its cost-competitive cars.

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Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership

Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.

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