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Reese had 16 points and 11 rebounds before fouling out late in the game for the Tigers, who closed the game on a 14-2 run. LSU advanced to the Elite Eight, where it will face either Iowa or Colorado in Monday night’s regional final. Lauren Betts had 14 points and 17 rebounds for UCLA, which finished the season at 27-7. That ended an 8-0 LSU run and cut what had been a 10-point lead to 34-27. UCLA: The Bruins have made 19 NCAA Tournaments and have been in the Sweet 16 nine times, including three in the last four years.

Persons: — Flau’jae Johnson, Angel Reese, Reese, Aneesah Morrow, Mikaylah Williams, Lauren Betts, Londynn Jones, Gabriela Jaquez, Kiki Rice, Jones, Johnson, Kim Mulkey Organizations: LSU, UCLA, Tigers, Bruins, Washington Post, UConn Locations: ALBANY, N.Y, Iowa, Colorado

☆ 4 takeaways from Sam Bankman-Fried’s sentencing
▼ + stars: | 2024-03-28 | by ( Allison Morrow | Lauren Del Valle | ) edition.cnn.com time to read: +3 min

25 years … with caveatsBankman-Fried’s 25-year sentence is about half of the 40 to 50 years prosecutors had sought. Judge Kaplan said he weighed a number of factors, including the brazenness of the crimes and Bankman-Fried’s potential to commit crimes in the future. “It haunts me every day.”Judge Kaplan appeared unmoved by parts of Bankman-Fried’s apology about customers being hurt. FTX victims are waitingJudge Kaplan roundly rejected Bankman-Fried’s argument that there was no loss to former customers of FTX because the bankruptcy estate indicated those victims are poised to recoup most of their funds. To say that FTX customers and creditors will be paid in full “is misleading, it is logically flawed, it is speculative,” Kaplan said.

Persons: Sam Bankman, Fried, Judge Lewis Kaplan, Judge Kaplan, ” Kaplan, ” Mitchell Epner, Gary Wang, Caroline Ellison, ”, ” Judge Kaplan, Kaplan, “, ” Epner, FTX, John J, Ray III, Ray Organizations: New, New York CNN, Prisons, CNN, Enron Locations: New York, San Francisco, Bankman, ”

☆ Trump Media is a risky bet, whether you love it or hate it
▼ + stars: | 2024-03-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

Those who have already swallowed the high borrowing costs to short Trump Media are getting hosed. But if the stock price keeps going up, there’s no limit to the amount you’d have to pay to replace the borrowed shares. “But…long shareholders have a much different and much more positive view” on Trump Media. Bottom line: Trump Media, trading under the ticker DJT, is a classic meme stock (if “classic” can apply to a three-year-old concept). Whether you’re going short or long, “think of that as you’re making a political statement,” said Laurence White, an economics professor at New York University’s Stern School of Business.

Persons: CNN Business ’, New York CNN —, Donald Trump’s, it’s, ”, Ihor Dusaniwsky, Trump, you’re, Laurence White, University’s Organizations: CNN Business, New York CNN, New York CNN — Trump, Trump Media, S3 Partners, GameStop, AMC, University’s Stern School of Business Locations: New York, New

☆ Sam Bankman-Fried sentenced to 25 years in federal prison
▼ + stars: | 2024-03-28 | by ( Lauren Del Valle | Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Sam Bankman-Fried has been sentenced to 25 years in federal prison for defrauding customers and investors in his failed crypto exchange FTX, a Manhattan court ruled Thursday. In this courtroom sketch, Sam Bankman-Fried, second from right, stands while making a statement during his sentencing in Manhattan federal court on March 28, 2024. There is no parole in federal cases, but Bankman-Fried may still be able to shave years off his term. Since 2018, however, nonviolent federal inmates can reduce their sentence by as much as 50% under prison reform legislation known as the First Step Act. In addition to the prison sentence, Kaplan also ordered a forfeiture of $11.02 billion.

Persons: Sam Bankman, Fried, Lewis Kaplan, it’s, ” Kaplan, Fried “, Bernard Madoff, Elizabeth Holmes, Elizabeth Williams, ” Mitchell Epner, Epner, ” Epner, Jordan Estes, Kramer Levin, “, ” Estes, Kaplan, Joe Bankman, Barbara Fried, ” Organizations: New, New York CNN, CNN, Federal, of Prisons Locations: New York, Manhattan, San Francisco

☆ Some New England universities and colleges break $90,000 barrier for total cost in upcoming school year
▼ + stars: | 2024-03-27 | by ( Zenebou Sylla | ) edition.cnn.com time to read: +5 min

CNN —Several New England universities and colleges have reached a pinnacle of at least $90,000 for undergraduate tuition and costs starting this fall. The nearly six-figure sums reflect the rising cost of higher education, far outstripping the average inflation for other goods and services. Schmeidel said very few Wellesley students pay the total fee, adding nearly 60% of its students receive financial aid and the average financial aid award is $67,469. Riley added 56% of domestic students received some form of aid for this academic year, with the average financial aid package being $67,000, for an average cost of attendance of $16,000. “Because this is an average, some of the students with greatest demonstrated financial need paid $0, and others paid more,” Riley said.

Persons: trumping Wellesley, “, Stacey Schmeidel, Schmeidel, ” Schmeidel, Colin Riley, Riley, ” Riley, Jeremiah Quinlan, ”, Quinlan, Patrick Collins, Collins, ” Collins, CNN’s Allison Morrow Organizations: CNN, Yale University, Tufts University, Boston University, BU, Wellesley College, Tufts, Wellesley, College, Colleges, of Education, Labor, Yale Locations: New England, Boston

☆ Sam Bankman-Fried faces sentencing this week. Here’s what to expect
▼ + stars: | 2024-03-27 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Sentencing is a much more fluid process, with both sides allowed to make sweeping arguments to try to make their case to the judge. But instead, his life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money,” prosecutors wrote in a memo. In a letter to the court, Marc Mukasey, the lawyer Bankman-Fried retained for sentencing, called the government’s memo “disturbing” and accused the government of trying to “break” Bankman-Fried. His behavior may come back to haunt Bankman-Fried in sentencing, Fischer said. But legal experts say that even if 100% of FTX customers get their money back, it’s not necessarily going to sway the judge to go easy on Bankman-Fried.

Persons: Sam Bankman, Judge Lewis Kaplan, ”, Kaplan, Howard Fischer, Moses Singer, Prosecutors, Fried, Marc Mukasey, Bankman, ” Mukasey, “, Sam, ’, Caroline Ellison, Fischer, ” Ellison, Bernie Madoff, it’s, ’ ”, John Ray, ” Ray Organizations: New, New York CNN, Southern, of, Prosecutors, Bankman, MIT, Detention, ” Prosecutors, Alameda Research Locations: New York, Manhattan, of New York, Palo Alto , California, Brooklyn, Bankman, FTX, Alameda

☆ Erin Hawley: The Woman Arguing Against the Abortion Pill
▼ + stars: | 2024-03-26 | by ( Elizabeth Dias | Abbie Vansickle | ) www.nytimes.com time to read: +1 min

It was 2014, and Erin Morrow Hawley was fighting against the egg-laying hens of Missouri. A law professor from five generations of ranchers and the wife of Senator Josh Hawley, Ms. Hawley joined a challenge to California, which required more spacious enclosures for hens laying eggs to be sold there. Ms. Hawley continued teaching, and Ms. Harris became Joe Biden’s vice president. Ten years later, Ms. Hawley, 44, is now at the center of one of the country’s most heated cultural battles about bodily autonomy, gender roles and abortion. And Ms. Hawley was the woman standing before the justices, arguing to sharply curtail access to the abortion pill.

Persons: Erin Morrow Hawley, Josh Hawley, Hawley, Kamala Harris, Harris, Joe Biden’s, Roe, Wade Locations: Missouri, California

☆ Boeing’s embattled CEO is poised to walk away with millions
▼ + stars: | 2024-03-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Exactly how much Calhoun will receive isn’t clear yet, as it depends on how Boeing’s stock performs. According to Boeing’s most recent proxy statement, Calhoun is set to walk away with about $15 million worth of stock, cash and options in retirement. One estimate, according to Fortune, suggests Calhoun could walk away with $24 million, with the potential to collect $45.5 million more if Boeing’s stock goes up 37%. And while Muilenburg was denied severance pay, he still walked away with $80 million worth of stock and other assets. Even as the board heaped praise on Calhoun, Boeing’s own customers started sounding off about their frustrations with the leadership.

Persons: CNN Business ’, Dave Calhoun, he’ll, There’s, Calhoun, Dennis Muilenburg, Muilenburg, “, CNN’s Chris Isidore Organizations: CNN Business, New York CNN, Boeing, Ryanair, Avalon Locations: New York, America, Calhoun, Washington, South Carolina, Seattle

☆ Kim Mulkey: No. 3 LSU advances to women’s March Madness Sweet 16 amid distraction surrounding head coach
▼ + stars: | 2024-03-25 | by ( Ben Morse | Jacob Lev | ) edition.cnn.com time to read: +3 min

11 Middle Tennessee Blue Raiders to advance to the women’s March Madness Sweet 16 on Sunday, amid distractions surrounding head coach Kim Mulkey. The defending champions overcame a slow start to easily beat Middle Tennessee 83-56 at Pete Maravich Assembly Center to make the Sweet 16 round for the second straight year. Absolutely not,” Mulkey said after reaching the 17th Sweet 16 round of her career. From that, the team’s offense sprung into life, with LSU outscoring Middle Tennessee 51-20 in the second half. Reese drives to the basket against Middle Tennessee Blue Raiders center Anastasiia Boldyreva.

Persons: Kim Mulkey, Mulkey, we’re, ” Mulkey, “, Hailey Van Lith, Angel Reese, Flau’Jae Johnson, Reese, Boldyreva, Stephen Lew, Reuters Aneesah Morrow, Mikaylah Williams, ” Reese, ”, Creighton, Johnson, ” Johnson, it’s Organizations: CNN, LSU Tigers, Tennessee Blue Raiders, Middle Tennessee, Pete Maravich Assembly Center, Washington Post, Post, LSU’s, Tigers, LSU, Reuters, Blue Raiders, UCLA, Saturday Locations: Middle, PMAC, Albany

☆ The last time Trump took a ‘DJT’ business public, it ended up in bankruptcy
▼ + stars: | 2024-03-25 | by ( Allison Morrow | David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —Starting Tuesday, there’s a new company on the Nasdaq: Trump Media & Technology Group, which will trade under the stock ticker DJT. The social media app was never a blockbuster, though, and it’s unclear how the company will ever make money. While Trump Media may be new, its stock ticker is a throwback to Trump’s only other publicly traded company. Trump bestowed the same initials on his Atlantic City casino business, Trump Hotels and Casino Resorts, back when that company went public in 1995. Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to SEC filings.

Persons: there’s, Donald John Trump, we’ve, Trump, “, ” Trump, ”, Jonathan Macey, Matt Egan, he’s, CNN’s Matt Egan Organizations: New, New York CNN, Nasdaq, Trump Media & Technology Group, Republican, Capitol, Trump Media, Atlantic City, Trump Hotels, Casino Resorts, Mahal, New York Times, Trump Entertainment Resorts, SEC, Twitter, Trump Locations: New York, ” Yale

☆ A market mystery: Why do capers come in such tiny jars?
▼ + stars: | 2024-03-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

This is a story about one of modern life’s least consequential but most acutely annoying experiences: getting a sufficient number of capers out of those dollhouse-size jars they’re sold in. Capers are expensive, so producers sell them in smaller jars to make each unit more affordable. Why such narrow jars? Skinny jars just look nicer, Mezzetta says. As one Redditor said: “I’ve never been in a situation where I don’t decide to just use the entire tiny jar for what I’m making.”

Persons: they’re, God, capers, It’s, purveyors, Goya, Russell Zwanka, ” Zwanka, “, Rebecca Wright, Jeff Mezzetta, they’re tippy, ”, Mezzetta, Zwanka, chef’s, ” Duane Stanford, Bull, Brian Noone, Redditor, “ I’ve Organizations: New, New York CNN, Western Michigan University, CNN, Beverage, Redditors Locations: New York, New York City, California, Labrador, Morocco, Tunisia, Greece, Turkey, Adelaide, South Australia, Malta

☆ Trump’s New York properties may be on the chopping block soon
▼ + stars: | 2024-03-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Former President Donald Trump doesn’t have the cash he needs to stop the state of New York from potentially seizing his assets. In a court filing Monday, Trump’s lawyers laid out the stark economic reality facing the leading Republican candidate for president. Trump’s lawyers, for their part, say the ruling is unprecedented and underwriters don’t write checks that big — even to billionaires. What could happen to Trump’s properties? James has made it clear she won’t hesitate to go after Trump’s properties if he doesn’t come up with the cash.

Persons: CNN Business ’, Donald Trump doesn’t, Arthur Engoron, Trump, Letitia James, underwriters don’t, James, “, ”, Temidayo Aganga, Williams, Selendy Gay, Judge Engoron, Jean Carroll, Banks, ” Aganga, they’re, who’d, Mitchell Epner, Rottenberg Lipman Rich, underwriters Trump, Engoron, ” Epner, Tish James Organizations: CNN Business, New York CNN, Republican, Trump, New York, underwriters, ABC, ABC News, Financial, Trump Organization, “, Forbes Locations: New York, York

☆ Prosecutors want Sam Bankman-Fried to serve 40 to 50 years in prison for FTX fraud
▼ + stars: | 2024-03-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Federal prosecutors are calling for onetime crypto billionaire Sam Bankman-Fried to be sentenced to 40-50 years in prison for stealing billions of dollars from customers and defrauding investors in his now-bankrupt crypto exchange, FTX. Bankman-Fried, who turned 32 this month, was convicted in November of stealing more than $8 billion and engaging his employees in a yearslong coverup, in what prosecutors have called one of the largest financial frauds in history. “The enormous scale of the fraud at FTX is measured not just by the amount of money that was stolen,” prosecutors said in a filing in Manhattan federal court on Friday. Under federal sentencing guidelines, Bankman-Fried could face a maximum sentence of 110 years. Bankman-Fried’s lawyer, Marc Mukasey, told CNN on Friday the defense would have a response “early next week.”

Persons: Sam Bankman, “, Fried, Lewis Kaplan, Prosecutors, ”, Marc Mukasey Organizations: New, New York CNN, Federal, ”, Bankman, CNN Locations: New York, Manhattan, Brooklyn

☆ Dave Calhoun was the CEO hired to fix Boeing. It has been in crisis since he took over
▼ + stars: | 2024-03-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

So how does CEO Dave Calhoun still have a job? Boeing said it is working closely with regulators’ investigations and has plans in place to improve safety measures at its production facilities. Boeing’s 737 Max problems would be egregious enough on its own. But Dave Calhoun, Boeing’s chief executive since 2020, remains in his job, as does the entire C-suite at the time of this writing. Boeing hired Calhoun to right the ship.

Persons: New York CNN —, Dave Calhoun, “ It’s, ” Richard Aboulafia, ”, Max, John Barnett, Barnett’s, ‘, Calhoun, ’ ”, Aboulafia, McDonnell Douglas, “, ” Aboulafia, Boeing hasn’t, haven’t, ” Gad Allon, Allon isn’t Organizations: New, New York CNN, Boeing, ” Boeing, Airbus, CNN, University of Pennsylvania’s Wharton School of Business Locations: New York, Australia, New Zealand, Calhoun

☆ Who will buy TikTok from ByteDance?
▼ + stars: | 2024-03-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

At $100 billion, there are few companies that could afford to buy TikTok outright. Citing people familiar with the matter, the Journal wrote that Kotick “floated the idea of partnering to buy TikTok to a table of people that included OpenAI CEO Sam Altman.”CNN couldn’t independently confirm the report. Its one go at the social media scene, the buggy and short-lived Ping, was one of Apple’s biggest flops. And any tech executive or private equity investor thinking of buying TikTok would need to be prepared to enter the social media quagmire. A key question in assessing the value of a TikTok deal is whether China would allow ByteDance to export its algorithm — the secret sauce that keeps TikTok users glued to their phones.

Persons: CNN Business ’, There’s, Joe Biden’s, who’d, Dan Ives, ” Ives, Who’s, ”, Gene Kimmelman, OpenAi, Bobby Kotick, Activision Blizzard, “, Sam Altman, ” CNN couldn’t, Altman didn’t, doesn’t, quagmire, They’d, Mark Zuckerberg, Shou Chew, It’s, Trump, —, Brian Fung Organizations: CNN Business, New York CNN, Senate, Microsoft, Department, Google, ” Meta, Facebook, Street Journal, Activision, ” CNN, Kotick, Apple, Oracle, Walmart, Communist Party, ByteDance Locations: New York, United States, Beijing, Europe, China

☆ How do we solve a problem like Boeing?
▼ + stars: | 2024-03-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —It took decades for Boeing to build a reputation as one of the most reliable companies on the planet. The latest headache for Boeing came Monday, when a 787 Dreamliner flying from Australia to New Zealand plunged suddenly mid-flight, injuring several passengers. It’s not clear what, if any, culpability Boeing has here — it said it’s gathering information about what went wrong. So, how do we solve a problem like Boeing? “This can be really as big as a financial crisis,” considering how many businesses around the world rely on Boeing planes.

Persons: CNN Business ’, Tesla, Brian Jokat, it’s, can’t, ” Gad Allon, “, ” Allon isn’t, Matt Stoller, ” Stoller, that’s, “ There’s, ” Allon Organizations: CNN Business, New York CNN, Boeing, American, Regulators, Latam Airlines, CNN, Wall Street Journal, FAA, Airbus, Pilots, University of Pennsylvania’s Wharton School of Business, American Economic Liberties, Boeing isn’t Locations: New York, Australia, New Zealand, American

☆ Musk’s haphazard philanthropy is under scrutiny
▼ + stars: | 2024-03-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

As CEO of Tesla, “I’ve done more for the environment than any single human on Earth,” he told the New York Times last year. But American tax law dangles some significant incentives for them to do so. Musk likely managed to shave a couple billion off his $11 billion tax bill in 2021, thanks to the $5.7 billion he donated to the Musk Foundation, according to the Times. In Musk’s case, according to the Times, that meant giving millions of dollars to Cameron County, Texas. “The way I see Elon Musk is that he’s really pushing the limits of the alternative approaches to philanthropy,” Pasic said.

Persons: CNN Business ’, New York CNN — Elon Musk, Tesla, ”, MacKenzie Scott, Jeff Bezos, “, ’, ’ ” Musk, Musk, ” Amir Pasic, Indiana University Lilly, Elon, ” Pasic Organizations: CNN Business, New York CNN, New York Times, Musk, Times, Indiana University, Indiana University Lilly Family School of Philanthropy, SpaceX Locations: New York, Cameron County , Texas

She decided to try a book she had heard about often, bell hooks’ “All About Love: New Visions." Tiffany Stewart, a writer and producer in Los Angeles, first read “All About Love” two years ago with her reading group and reread it recently. “For bell, the love she talks about is a love for justice. 'All About Love' is a love letter to justice." She responded to hooks' insistence that love was more a verb than a noun, an act of will as opposed to an abstract ideal.

Persons: Emma Goodwin, “, ”, Goodwin, Brianna Pippen, Tiffany Stewart, “ We've, William Morrow, Morrow, Rachel Kahan, George Floyd, Kahan, Gloria Jean Watkins, Kimberlé Crenshaw, Intersectionality, Shadee Malaklou, Stewart, ” Stewart, ” Doris Cooper, Cooper, Simon, Simon & Schuster, Lily Edelman, Edelman, Gold, love's, ” Edelman Organizations: —, William Morrow and Company, New York Times, Berea College, Simon & Locations: Philadelphia, Washington, D.C, Los Angeles, Berea , Kentucky, Greenwich, Monterey , California

☆ Ron Perlman on His Movies & TV Shows: 'Hellboy,' 'Sons of Anarchy,' 'Mr. & Mrs. Smith'
▼ + stars: | 2024-03-09 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +10 min

"I'm pretty sanguine, as it all went way, way better than I could have possibly drawn up." Do you have any defining memories of being on set with Guillermo del Toro? It took seven years for del Toro to convince anybody to finance a comic book franchise with me in it. Working with Del Toro is as irreverent an experience as you can get. On whether he’d return for a ‘Sons of Anarchy’ follow-upRon Perlman as Clay Morrow in "Sons of Anarchy."

Persons: Ron Perlman, he's, Smith, Donald Glover, Maya Erskine, Toby Hellinger, Toby, Perlman, Guillermo del Toro, couldn't, Guillermo del Toro Ron Perlman, Hellboy, del Toro, Del Toro, Einstein, who's, they're, spry, Marx, Liz, would've, I’ve, We've, Clay Morrow, “, ”, Jax Teller, Charlie Hunnam, you've, Jax, Theo Rossi, Clay, I'm, ’, Linda Hamilton, Catherine, Vincent, CBS You've, there's, I've, let's, bro, Reinhardt, It’s Organizations: Business, Sony Pictures, Marx Brothers, CBS Locations: Lake Como, Hollywood, donnybrook

☆ Banks are still fighting safeguards even as risks pile up
▼ + stars: | 2024-03-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

Ultimately, it’s very high leverage,” Tomasz Piskorski, a finance professor at Columbia Business School, tells me. Even a year after that exact thing happened — Silicon Valley Bank failed after depositor demand eclipsed the value of its assets — regulators haven’t addressed the core leverage issue. The most obvious answer is one the banking industry hates: Increase the amount of money a bank is required to hold in reserve. And their go-to argument against such regulations is that they force banks to curtail loans to customers, hurting folks in the real economy. The upshot: Despite the banking industry’s protest, banks can handle much higher capital requirements (at least, according to Piskorski et al).

Persons: CNN Business ’, it’s, ” Tomasz Piskorski, there’s, Piskorski, haven’t, Jerome Powell, ” Piskorski Organizations: CNN Business, New York CNN, New York Community Bank, Columbia Business School, Valley Bank, Federal Reserve, National Bureau of Economic Research Locations: New York, Basel, stow, “

☆ The Lindbergh Baby Kidnapping: A Grisly Theory and a Renewed Debate
▼ + stars: | 2024-03-05 | by ( Tracey Tully | ) www.nytimes.com time to read: +1 min

Bruno Richard Hauptmann’s mug shot. The wooden electric chair where he was put to death. A sponge like the one that was dampened with salt water and placed on his head to conduct the deadly jolts of electricity. In the decades since, as the keepers of the Lindbergh kidnapping archives can attest, public interest in the case has never subsided — nor has skepticism about Hauptmann’s guilt. But a bizarre and grisly new theory about Lindbergh’s potential involvement in his son’s death, and renewed legal pressure to force DNA testing of evidence, have combined to thrust one of the country’s most enduring murder mysteries squarely back into public consciousness.

Persons: Bruno Richard Hauptmann’s, Charles A, Lindbergh, Hauptmann, Anne Morrow Lindbergh, Charles A . Locations: New Jersey, New York, Paris

☆ Premarket stocks: What ‘Super Tuesday’ means for your portfolio
▼ + stars: | 2024-03-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Welcome to “Super Tuesday.” Today, a whopping 16 states and territories hold primary elections. But stock market analysts say not to fret and to hold tight. Based on annualized returns for the S&P 500, stocks gained an average 13.75% during Trump’s presidency. Election year math: History shows that stocks typically gain during the fourth year of presidential terms. The S&P 500 has gained 6.2% on average during the fourth year of presidential terms since 1932, according to Yardeni Research.

Persons: ’, Edward Jones, Donald Trump, Joe Biden, Angelo Kourkafas, ” Kourkafas, Raymond James, Trump, Obama, ”, Simon Hamilton, Barack Obama, “ That’s, it’s, Hamilton, Goldman Sachs, Allison Morrow, Bitcoin, —, Simone McCarthy, Premier Li Qiang, Hong Organizations: CNN Business, Bell, New York CNN, ”, Markets, White House, Congress, CNN, Republicans, Republican, “, Research, Dow Jones, University of Cincinnati, University of Missouri, Securities and Exchange, Bloomberg, Premier, National People’s Congress Locations: New York, Washington, Hamilton, United States, China, Beijing

☆ Bitcoin surges to a new record high as mainstream money flows into crypto
▼ + stars: | 2024-03-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Bitcoin surged to its all-time high on Monday, shaking off a more than two-year rut that put the future of the entire crypto ecosystem in question. Bitcoin, the world’s first and by-far largest digital currency, was trading at $68,791, topping the previous record of $68,789 reached on November 10, 2021. After just a month, the ETFs had spurred more than $4.2 billion in net new flows, according to Bloomberg. ETFs are investment tools that track a basket of assets but trade like a stock. As bitcoin approaches scarcity, the value is expected to rise.

Persons: New York CNN — Bitcoin, —, Sam Bankman Organizations: New, New York CNN, Securities and Exchange, Bloomberg Locations: New York

☆ With Richard Lewis, Kvetching Was Charismatic
▼ + stars: | 2024-02-29 | by ( Jason Zinoman | ) www.nytimes.com time to read: +2 min

There were broadcasters (Howard Cosell) and the occasional talk show host (Joan Rivers), but no Jews leading a cast on prime time. Then in the final year of the decade, that changed, and a glut of anxious men arrived, kvetching, quipping and dating shiksas. For those who know him as the cranky friend of Larry David on “Curb Your Enthusiasm,” it may be a surprise that Richard Lewis, who died at 76 this week, cut a seductive figure: clever, cool, darkly morose. (Second place: “Family Ties.”) But Lewis brought a nervy energy that pushed against the saccharine instincts of network sitcoms. He once told David Letterman, “The woman I’m with now insisted on having intercourse only with a raven on her shoulder.”

Persons: Howard Cosell, Joan Rivers, Jackie Mason, Jerry Seinfeld, Rob Morrow, Richard Lewis, ”, Jamie Lee Curtis, Michael Myers, Lewis bellyached, Larry David, Seinfeld, Lewis, David Letterman, “ Locations: Alaska, Chicago

☆ Sam Bankman-Fried’s lawyers push for 6-year sentence in multibillion-dollar FTX fraud
▼ + stars: | 2024-02-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

Under federal sentencing guidelines, he could face a maximum of 110 years. In the memo, Bankman-Fried’s lawyer, Marc Mukasey, asks the judge overseeing the case to reject the pre-sentencing report prepared by the Probation Department, which recommends a 100-year sentence. Considering Bankman-Fried’s “charitable works and demonstrated commitment to others” Mukasey recommends a prison sentence between five and six-and-a-half years. The judge overseeing the case, Lewis Kaplan of the Southern District of New York, will weigh several factors in deciding Bankman-Fried’s sentence, including arguments from prosecutors, defense counsel and the recommendations from the Probation Department. Typically, in white-collar crimes, the bigger the financial loss, the longer the sentence.

Persons: Sam Bankman, Fried, Marc Mukasey, ”, “, ” Mukasey, —, Mukasey, FTX, Lewis Kaplan, Jordan Estes, Kramer Levin, Estes Organizations: New, New York CNN, Probation Department, Southern, of, Department, ”, US Attorney’s, Southern District Locations: New York, Manhattan, FTX, Brooklyn, of New York

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