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☆ Prosecutors want Binance's CZ kept on tighter leash ahead of sentencing
▼ + stars: | 2024-02-23 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

U.S. prosecutors Friday asked a judge to tighten the bond conditions of billionaire Binance founder Changpeng "CZ" Zhao as he awaits his April sentencing for breaking a federal anti-money laundering law, court filings show. Under the proposed bond, Zhao would be required to provide prosecutors and pretrial services with at least three days' notice before any travel within the country, to give them time to raise any potential objections. An attorney for Zhao did not immediately respond to CNBC's request for comment. Pretrial Services also recommended "a location-monitoring condition," the filing said in a footnote. The filing does not explicitly ask the judge to impose that condition.

Persons: Changpeng Zhao, Binance, Changpeng, Zhao, Richard Jones Organizations: Viva Technology, Porte de, U.S, Zhao, Canadian, United, United Arab Emirates, Court Locations: Porte, Paris, United States, United Arab, Seattle, Washington

☆ Criminal sentencing of Binance founder CZ postponed to late April
▼ + stars: | 2024-02-12 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. The criminal sentencing of Binance founder Changpeng Zhao on a money laundering rule charge has been postponed until April 30, according to a notice Monday in Seattle federal court. That docket entry did not explain what would be a two-month delay in sentencing Zhao, a Canadian national widely known as "CZ" who is free on a $175 million release bond in the United States. Federal sentencing guidelines suggest a maximum sentence of 18 months in prison for Zhao, but prosecutors reportedly have considered asking for a harsher sentence. Zhao pleaded guilty on Nov. 21 to a charge of failure to maintain an effective anti-money laundering program at Binance, the world's largest cryptocurrency exchange.

Persons: Changpeng Zhao, Zhao, William Burck Organizations: Viva Technology, Porte de, Canadian, CNBC, Department of Justice, Emergency Economic Locations: Porte, Paris, Seattle, United States, Binance

☆ Spanish Police Scuffle With Farmers, Truck Drivers on Fifth Day of Protests
▼ + stars: | 2024-02-10 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

A group representing drivers, Plataforma Nacional, and a newly created farmers' group, Plataforma 6-F, on Saturday came together to jointly demand action from Spanish and European leaders. Members of both groups, waving Spanish flags, wearing yellow vests and shouting 'Viva Espana', gathered in a car park near the Atletico de Madrid stadium and voted in favour of joining forces. That is why we are calling on politicians to take responsibility and do something," said Manuel Hernandez, head of the Plataforma Nacional, representing truck drivers. Since Tuesday, Spanish farmers have joined their counterparts from Germany, France, Italy, Portugal and Belgium in daily protests that include blocking several highways and ports. Both groups vowed to keep protesting, in Madrid and across the country, until their demands were met.

Persons: Manuel Hernandez, Catarina Demony, Guillermo Martinez, Jessica Jones, Jonathan Oatis Organizations: Spanish, European Union, Plataforma Nacional, Saturday, Espana, Atletico de Madrid, Nacional, Socialist Locations: MADRID, Madrid, Spanish, Germany, France, Italy, Portugal, Belgium

☆ Snap plunges 30% on revenue miss and light guidance, as Middle East conflict creates 'headwind'
▼ + stars: | 2024-02-06 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

Revenue : $1.36 billion vs. $1.38 billion expected, according to LSEG. : $1.36 billion vs. $1.38 billion expected, according to LSEG. Global Daily Active Users : 414 million vs. 412 million expected, according to StreetAccount. : 414 million vs. 412 million expected, according to StreetAccount. Daily active users for the first quarter will be 420 million, Snap said, slightly topping analyst estimates of 419.3 million.

Persons: Evan Spiegel, Porte, Debra Aho Williamson, Mark Zuckerberg, Linda Yaccarino, Shou Zi Chew, Jason Citron, Pinterest Organizations: Inc, Viva Technology, Porte de, CNBC, Meta Locations: Paris, Israel

☆ Tesla erases references to DEI from its new 10-K following Elon Musk’s criticisms
▼ + stars: | 2024-02-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —Tesla CEO Elon Musk has a new social media target: Diversity, Equity and Inclusion. Following Musk’s recent critical posts about DEI policies and racial discrimination lawsuits against Tesla, the electric car company has omitted all language regarding minority workers and outreach to minority communities in its 10-K filing with the SEC made January 29. In Musk’s eyes, DEI is “just as morally wrong as any other racism and sexism,” he tweeted in December. And as recently as 2020, Tesla had been publishing its own corporate DEI reports, reaffirming its commitment to the mission. CNN has reached out to Tesla for comment, though the company does not usually respond to press requests.

Persons: Elon Musk, Tesla, ”, It’s, George Floyd’s, Harvard’s, Claudine Gay, Gonzalo Fuentes, Bill Ackman, Musk, ” Musk, Owen Diaz, Mark Cuban, “, Catherine Thorbecke, Nicquel Terry Ellis Organizations: New, New York CNN, Equity, SEC, Bloomberg, Tesla, Black Colleges, Universities, ”, Asian Pacific Islanders, Minneapolis, CNN, SpaceX, Twitter, Viva Technology, Reuters Billionaire, Harvard, DEI, California Department of Fair, Housing, Fremont, Dallas Mavericks Locations: New York, America, Paris, France, Fremont , California, Fremont, United States, ” Cuban

Details of the medical procedure were also blacked out in the letter, which noted that federal prosecutors had not consented to Zhao's request. Jones held a closed hearing on the request on Dec. 29, and denied Zhao's bid to travel, court records show. Jones earlier in December rejected another request to allow Zhao to travel to the UAE. The judge said Zhao's "enormous wealth" made him a significant flight risk. His family resides in the UAE and it appears that he has favored status in the UAE," Jones wrote in a six-page order on Dec. 7.

Persons: Zhao Changpeng, Binance, Changpeng, Richard Jones, Zhao, Judge Jones, Jones, Zhao's Organizations: Viva Technology, Porte de, United Arab Emirates, Jan Locations: Porte, Paris, France, U.S, Seattle, Abu Dhabi, UAE, United States

☆ I sailed on two Norwegian cruises — one that's $685 a night and one that's $130. Here's how I think they compare.
▼ + stars: | 2024-01-21 | by ( Brittany Chang | ) www.businessinsider.com time to read: +9 min

The cruise giant oversees three brands: mass-market Norwegian Cruise Line, premium Oceania Cruises , and ultra-luxury Regent Seven Seas Cruises. Norwegian Cruise Line's Prima — the traditional option with splashy, family-friendly amenitiesThe Norwegian Prima was the first of six Prima class vessels. Brittany Chang/Business InsiderIn October 2022, Norwegian Cruise Line invited me on the Norwegian Prima's non-revenue inaugural sailing. Regent Seven Seas Cruises' Grandeur — the ultra-luxury option with ultra-expensive faresThe Seven Seas Grandeur joined Regent's fleet in 2023. Norwegian Cruise Line and Regent Seven Seas Cruises couldn't be more the oppositeThere are no go-karts in sight on Regent Seven Seas' ships.

Persons: —, Prima, Brittany Chang, Viva's, Chartreuse, filet mignon, who've, Pablo Picasso, would've, What's Organizations: Service, Cruise Line Holdings, Business, Cruise, Oceania Cruises, Regent Seven Seas, Norwegian Cruise, Cruise Line, Norwegian, Starbucks, Norwegian Prima, Regent Seven Locations: Norwegian, Brittany, New York City

☆ My dad has 3 lessons for a more fulfilled life—happiness experts and CEOs agree with him
▼ + stars: | 2024-01-21 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

DON'T MISS: My mom has 4 rules for a meaningful, fulfilled life: A happiness expert says she ‘loves’ them This April, my dad will officially be 50 years old. A lot of times, it usually steers you in a better direction," my dad says. For this reason, my dad believes that some stressful situations can, and should, be avoided for your mental and physical health. Fight to get to what is going to make you feel better on a daily basis," my dad says. And even when he worked as a security guard, my dad found things to love about his job while also creating art in his spare time.

Persons: It's, he's, —, ‘, Here's, Ryan Roslansky, Roslansky, Dan Roth, Steer, He's, Onque, Viva Organizations: American Psychological Association Locations: Newark , N.J

☆ Considering a move abroad in 2024? These are the best countries for expats
▼ + stars: | 2024-01-13 | by ( Blane Bachelor | ) edition.cnn.com time to read: +26 min

The survey, which has been running for a decade, reflects input from nearly 12,000 expats representing 177 nationalities in 181 countries or territories. John Coletti/The Image Bank Unreleased/Getty ImagesA longtime retirement destination for Americans, Mexico also has attracted more families and the digital nomad set over the past few years. Pros: Mexico ranked first in InterNations’ 2023 Expat Insider survey and has ranked among the top five countries since 2014. Cons: As is the case in Mexico and other countries with large expat communities, there’s growing backlash against the influx of foreigners, especially Americans, and especially in Lisbon. That popularity among auslanders has contributed to a housing pinch in major cities, especially Berlin, where finding accommodation is one of the most stressful aspects of a move.

Persons: It’s, Megan Frye, Frye, ”, “, We’ve, John Coletti, San Miguel de Allende, margarita, Sean Pavone, expats, Alex Ingrim, Chase, Ingrim, it’s, pollsters, they’re, it’s MVV, Arielle Tucker, that’s, auslanders, Andriy Kravchenko, “ Costa, ” David Lesperance, Costa Rica’s, “ Tico, Sebastien Lecocq, Lesperance, he’s, what’s, Emily, ” Tucker, Roth, Tucker, Carte Organizations: CNN, Invest Overseas, Braga, InterNations, Mexico, National Institute of Statistics, Human Rights Watch, Visa, USA, CNN Travel, ”, Spain, International, Travel Association, pollsters Gallup, Michelin, Changi, Cons, United, Costa Rica Costa, Central, Costa, Lesperance, Associates, Panama Panama, Miami of, Panama City, Panama Qualified Investment, Panama Golden Visa, France France Locations: Valencia, Spain, Portugal, Mazatlán, Mexico, United States, Mexico City, Michigan, Mexico Mexico, Plaza Carso, Polanco, North America, —, Oaxaca, San Miguel, Playa, Carmen, InterNations, Portugal Portugal, Porto, Douro, Europe, Lisbon, Western Europe, Madrid, Barcelona, Seville, Bilbao, Catalonia, Catalan, Netherlands, Amsterdam, Statista, Haarlem, Delft, Leiden, Maastricht, Washington, Miami , New York, San Francisco, Germany Germany, Munich, Germany, Berlin, Frankfurt, Stuttgart, Switzerland, Singapore Singapore, Singapore, Asia, Entre, Costa Rica, “, “ Costa Rica, Costa Rican, Panama City, Miami, Miami of Central America, Panama, North, South America, Italy, Venice, Italian, Paris, France, Lyon, Strasbourg

☆ Meta was our second-best stock performer last year. Here's what we see in store for 2024
▼ + stars: | 2024-01-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Meta Platforms ' savvy use of artificial intelligence and untapped potential in business messaging are reasons why we see more upside ahead for the stock in 2024. The stock nearly tripled last year and was the second-best performing Club stock behind Nvidia . Here's a timeline of Meta's stock performance around earnings in 2023. Outside of AI, Meta continues to grow its successful business messaging across its services. Given that TikTok's Chinese owner ByteDance is facing backlash from U.S. officials, a potential TikTok ban in the U.S. would be a major catalyst for Meta stock.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Jim Cramer, We're, ByteDance, Jim Cramer's, Jim, Benoit Tessier Organizations: Nvidia, Meta, Facebook, UBS, Hamas, Reality Labs, Meta's, Apple, CNBC, Inc, Viva Technology, Porte de Locations: U.S, Porte, Paris

☆ Elon Musk's AI firm xAI files to raise up to $1 bln in equity offering
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsDec 5 (Reuters) - Elon Musk's artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday. In a Twitter Spaces event earlier in the year he said that rather than explicitly programming morality into its AI, xAI will seek to create a "maximally curious" AI. The billionaire, who has criticized Big Tech's AI efforts as ridden with censorship, in July launched xAI, calling it a "maximum truth-seeking AI" to rival Google's (GOOGL.O) Bard and Microsoft's Bing AI. In 2015, Musk co-founded OpenAI, the company behind ChatGPT, which has created a frenzy for generative AI technology around the world, but stepped down from the board in 2018. The team behind xAI, which launched in July this year, comes from Google's DeepMind, the Windows parent, and other top AI research firms.

Persons: Elon Musk, Porte, Gonzalo Fuentes, xAI, Google's, Bard, Microsoft's Bing, XAI, Musk, Google's DeepMind, Akash Sriram, Jaiveer, Arsheeya Bajwa, Shailesh Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Elon, Securities and Exchange Commission, Microsoft Corp, Regulators, Thomson Locations: Paris, France, Bengaluru

☆ Spanish media association files $598 mln lawsuit against Facebook owner Meta
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

A Meta logo is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsMADRID, Dec 4 (Reuters) - A group representing 83 Spanish media outlets on Monday said it has filed a 550 million euro ($598 million) lawsuit against Facebook owner Meta Platforms (META.O), citing unfair competition in the advertising market. The lawsuit was filed by the AMI newspaper publishing association in a commercial court on Friday, the association said in a statement on Monday. The complaint is the second time Spanish media are challenging tech companies to protect their turf. In 2014, the Spanish government forced the closure of Alphabet's (GOOGL.O) Google News service until 2022 when new legislation allowing media outlets to negotiate directly with the tech giant was passed.

Persons: Gonzalo Fuentes, El, Inti Landauro, Jakub Olesiuk, David Goodman, Emelia Organizations: Viva Technology, Porte de, REUTERS, Rights, Facebook, Meta, AMI, El Pais, ABC, Google, Thomson Locations: Porte, Paris, France, Spanish

The Tesla (TSLA.O) CEO told advertisers who have fled his social media platform X over antisemitic content to "Go fuck yourself!" Several business communications analysts said they couldn't remember a similar case of an executive publicly cursing at their customers. Musk, Tesla and X did not respond to requests for comment. Musk apologized for it and then cursed and dismissed the concerns of the advertisers fleeing the platform. Cappelli said Musk wishes to see himself as a rock star, not a business leader who needs to take account of many constituencies.

Persons: Elon Musk, Porte, Gonzalo Fuentes, It's, Andy Challenger, Challenger, Michael O'Leary, Jim Hagedorn, Sam Zell, Musk, Yehuda Baruch, Baruch, Peter Cappelli, Cappelli, Ross Kerber, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Ryanair, Boeing, Scotts Miracle, University of Southampton, University of Pennsylvania's Wharton School, Thomson Locations: Paris, France

After apologizing for his post at the event on Wednesday, Musk unleashed a profanity-laced tirade against some of the advertisers for fleeing the platform. The Tesla (TSLA.O) chief acknowledged that an extended boycott by advertisers could bankrupt X, formerly Twitter, but suggested that the public would blame the brands and not him for a potential collapse. "We believe there is risk that more companies will stop advertising on X; at least on a short-term basis," D.A. Monthly U.S. ad revenue at X has declined at least 55% year-over-year each month since Musk bought the company in October 2022, Reuters reported last month. "Musk has stated that Twitter is worth a lot lesser than the $44 billion he had paid for it.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Elon, Walt Disney, Musk, D.A, Tom Forte, Russ Mould, AJ Bell, Chavi Mehta, Jaspreet Singh, Aby Jose Koilparambil, Anil D'Silva Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, New York Times, Warner Bros ., Davidson &, U.S, X, Reuters, Thomson Locations: Paris, France, Bengaluru

☆ Elon Musk curses out advertisers who left X over antisemitic content
▼ + stars: | 2023-11-29 | by ( Sheila Dang | ) www.reuters.com time to read: +4 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNov 29 (Reuters) - (Please note strong language in paragraphs 1 and 6)Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to "Go fuck yourself" in a fiery Wednesday interview. Musk said repeatedly he was sorry for publishing a tweet on Nov. 15 that agreed with an anti-Jewish post. Musk in his post said the user, who referenced the "Great Replacement" conspiracy theory, was speaking "the actual truth." Musk's post drew condemnation from the White House for what it called an "abhorrent promotion of antisemitic and racist hate." Musk in Israel said he is against antisemitism and anything that "promotes hate and conflict" and stated that X would not promote hate speech.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Billionaire Elon Musk, Musk, bristled, Bob, Robert Iger, Walt Disney, Iger, Musk's, Chuck Schumer, Schumer, Benjamin Netanyahu, Netanyahu, Joe Biden, Donald Trump, Sheila Dang, David Gaffen, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Billionaire, New York Times, Walt, U.S, White House, Warner Bros Discovery, Comcast, Media, Israeli, Thomson Locations: Paris, France, Israel, U.S, Dallas

☆ Salesforce raises annual profit view on steady cloud demand
▼ + stars: | 2023-11-29 | by ( Zaheer Kachwala | ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 29 (Reuters) - Salesforce (CRM.N) raised its annual profit forecast and its third-quarter results beat Wall Street targets on Wednesday, benefiting from a strong demand for its cloud and business products in an uncertain economy. Salesforce expects fourth-quarter adjusted profit in the range of $2.25 to $2.26 per share compared with estimates of $2.17. It forecast revenue between $9.18 billion and $9.23 billion, the midpoint of which exceeded estimates of $9.21 billion, according to LSEG data. The company's third-quarter revenue of $8.72 billion narrowly beat expectations, while adjusted profit of $2.11 per share beat estimates by 5 cents. It also raised the lower end of its annual revenue forecast to $34.75 to $34.8 billion.

Persons: Porte, Benoit Tessier, Salesforce, Charlie Miner, Einstein, Slack, Zaheer Kachwala, Arun Koyyur Organizations: Viva Technology, Porte de, REUTERS, Wall, Thomson Locations: Paris, France, Bengaluru

☆ 'The most taboo topic I've ever seen': Inside Microsoft's war over the war in Gaza
▼ + stars: | 2023-11-28 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +16 min

Viva Engage, Microsoft's slick message board designed to compete with Slack, is often touted as "Facebook for work." In October, according to internal messages viewed by BI, a Microsoft employee shared a post praising child tax credits as a way to reduce poverty. Employees with pro-Palestinian views have also used inflammatory language in their posts on Viva Engage. It has cut off the comments to Viva Engage posts it considered too incendiary. "It's important to recognize the pain and suffering of so many people, including our colleagues, as the events in Israel, Gaza, and the surrounding region continue to unfold," Nadella wrote.

Persons: Slack, —, Sandy Hook, chimed, George Floyd, Satya Nadella, Roe, Wade, Kathleen Hogan, Israel, Nadella, Benjamin Netanyahu, Charlie Bell, Scott Guthrie, Rajesh Jha, Microsoft's, Cherry, Davis Polk, Israel's, Ashley Stewart Organizations: Viva Engage, Facebook, Microsoft, Business, Engage, BI, Employees, Israel, Israel Defense Forces, Harvard, Hamas, Wardwell, Ivy League, New York Times, Apple, Amazon Web Services Locations: Israel, Gaza, Uvalde, Columbia, Silicon Valley, America, Haifa, Herzliya , Tel Aviv, Nazareth, Palestine, Gaza . Harvard, Tel Aviv, Seattle

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 27 (Reuters) - Former Binance chief Changpeng Zhao must stay in the United States for the time being, a federal judge said on Monday, after the founder of the world's largest cryptocurrency exchange pleaded guilty to violating U.S. anti-money laundering laws. U.S. District Judge Richard Jones in Seattle said he would review whether Zhao should have to stay in the United States after the U.S. government appealed a decision by another judge allowing Zhao to return to the UAE before his Feb. 23 sentencing hearing. Last week, Zhao conceded: "I made mistakes, and I must take responsibility." The government had said it may be unable to secure Zhao's return to the United States given it has no extradition treaty with the UAE. Lawyers for Zhao disputed that he was a potential flight risk, noting that he paid a "substantial" bail package and voluntarily came to the United States to accept responsibility for his actions.

Persons: Zhao Changpeng, Binance, Benoit Tessier, Changpeng Zhao, Zhao, Richard Jones, Chris Prentice, Hannah Lang, Michelle Price, Bill Berkrot Organizations: Viva Technology, Porte de, REUTERS, United Arab, District, U.S, UAE, Binance Holdings, Justice, Lawyers, Thomson Locations: Porte, Paris, France, United States, Seattle, United Arab Emirates, Canada, Binance, New York, Washington

☆ Binance founder Changpeng Zhao ordered by judge to stay in U.S. ahead of prison sentencing
▼ + stars: | 2023-11-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Binance founder Changpeng Zhao, who pleaded guilty last week to criminal charges tied to his cryptocurrency exchange, has to remain in the U.S. at least temporarily, according to a ruling Monday by a federal judge. Zhao was released on a $175 million bond last week and has a sentencing hearing scheduled for Feb. 23. Prosecutors said they'd already made an "exceptional recommendation" in suggesting that Zhao be allowed to remain free until his sentencing. Zhao agreed to step down as CEO of Binance as part of a $4.3 billion settlement with the Department of Justice. WATCH: Binance settlement a 'win' for the exchange and the industry

Persons: Changpeng Zhao, Zhao, Richard Jones, Prosecutors, they'd, Binance Organizations: Viva Technology, Porte de, Prosecutors, United Arab Emirates, U.S, Binance, Department of Justice, Justice Department Locations: Porte, Paris, U.S, Seattle, UAE, United States

☆ Elon Musk begins wartime visit to Israel, aviation tracker says
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

Israeli President Isaac Herzog's office announced on Sunday that Musk would be coming to meet the head of state. Musk's office had no immediate comment. Antisemitism and Islamophobia have risen in the United States and worldwide, including during the now seven-week-old war between Israel and the Islamist Palestinian faction Hamas. In exchange, Israel has been freeing some Palestinians jailed on security grounds. Writing by Dan Williams; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Isaac Herzog's, Benjamin Netanyahu, Musk's, Avi Scharf, Netanyahu, Musk, Dan Williams, Stephen Coates Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Rights, Tech, Haaretz, Palestinian, Hamas, Thomson Locations: Paris, France, Tel Aviv, Gaza, California, United States, Israel

☆ Ex-Binance CEO Zhao urges judge to allow him to leave the U.S. before sentencing
▼ + stars: | 2023-11-25 | by ( ) www.cnbc.com time to read: +3 min

Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department's request to bar him from returning to his home in the United Arab Emirates until he is sentenced for violating anti-money laundering requirements. Zhao's lawyers in a Thursday filing asked U.S. District Judge Richard Jones in Seattle not to reverse bail conditions set by a magistrate judge on Tuesday that would allow him to leave the U.S. while awaiting sentencing. The Justice Department has asked Jones by Monday to reverse a decision by U.S. Magistrate Judge Brian Tsuchida to allow Zhao to return home to the UAE ahead of his Feb. 23 sentencing after he agreed to release him on a $175 million bail bond. Allowing Zhao to return to the UAE would allow him to take care of his partner and three children and prepare them for his sentencing, defense lawyers argued. "In the vast majority of cases, a multi-billionaire defendant who has pleaded guilty, faces possible prison time, and lives in a country that does not extradite its citizens to the United States would be detained," Justice Department lawyers said.

Persons: Zhao Changpeng, Binance, Changpeng Zhao, Richard Jones, Zhao, Jones, Brian Tsuchida Organizations: Viva Technology, Porte de, United Arab Emirates, U.S, District, Islamic, U.S . Commodity Futures Trading Commission, Justice Locations: Porte, Paris, France, Seattle, U.S, UAE, Canada, Binance, al Qaeda, Islamic State, Iraq, Syria, United States

Zhao's lawyers in a Thursday filing asked U.S. District Judge Richard Jones in Seattle not to reverse bail conditions set by a magistrate judge on Tuesday that would allow him to leave the U.S. while awaiting sentencing. Zhao, a citizen of the UAE and Canada, stepped down as CEO of Binance on Tuesday after pleading guilty to willfully causing the global cryptocurrency exchange to fail to maintain an effective anti-money laundering program. Allowing Zhao to return to the UAE would allow him to take care of his partner and three children and prepare them for his sentencing, defense lawyers argued. The Justice Department did not respond to a request for comment on Friday. Reporting by Nate Raymond in Boston; Editing by Alexia Garamfalvi and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Zhao Changpeng, Binance, Benoit Tessier, Changpeng Zhao, Richard Jones, Zhao, Jones, Brian Tsuchida, Nate Raymond, Alexia Garamfalvi, Marguerita Choy Organizations: Viva Technology, Porte de, REUTERS, United Arab Emirates, U.S, District, Islamic, U.S . Commodity Futures Trading Commission, Justice, Thomson Locations: Porte, Paris, France, Seattle, U.S, UAE, Canada, Binance, al Qaeda, Islamic State, Iraq, Syria, Boston

Zhao's lawyers in a Thursday filing asked U.S. District Judge Richard Jones in Seattle not to reverse bail conditions set by a magistrate judge on Tuesday that would allow him to leave the U.S. while awaiting sentencing. Zhao, a citizen of the UAE and Canada, stepped down as CEO of Binance on Tuesday after pleading guilty to willfully causing the global cryptocurrency exchange to fail to maintain an effective anti-money laundering program. Allowing Zhao to return to the UAE would allow him to take care of his partner and three children and prepare them for his sentencing, defense lawyers argued. The Justice Department did not respond to a request for comment on Friday. Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Jack Guez | Afp | Getty ImagesAfter a weekend of crisis and tumult, Sam Altman has returned as the CEO of OpenAI. Nathan Laine | Bloomberg | Getty ImagesBret Taylor, board chair Bret Taylor is currently a board member at the e-commerce platform Shopify . It isn't clear if Taylor's involvement with his own AI startup will cease with his appointment to lead OpenAI's board. OpenAI's board fired Altman Friday after determining he was "not consistently candid in his communications," but its members never elaborated further. Jack Guez | AFP | Getty ImagesIlya Sutskever Ilya Sutskever co-founded OpenAI and serves as its chief scientist.

Persons: Sam Altman, Ilya Sutskever, Jack Guez, Altman, There's, Satya Nadella, Nadella, Here's, Bret Taylor, Nathan Laine, He's, Elon, Taylor, Salesforce, Larry Summers, David A, CNBC Larry Summers Larry Summers, Clinton, Summers, Jack Dorsey, Adam D'Angelo Adam D'Angelo, D'Angelo, Helen Toner, CSET, Vox, Jerod Harris, Helen Toner Helen Toner, Toner, Tasha McCauley, Carlton Laguna Nigel, Tasha McCauley Tasha McCauley, Joseph Gordon, Levitt, McCauley, Ilya Sutskever Ilya Sutskever, Sutskever, Greg Brockman, Brockman, Brockman's, Sven Hoppe Organizations: Tel Aviv University, Afp, Getty, Microsoft, CNBC, Sequoia, Tiger Global, Salesforce, Viva Technology Conference, Bloomberg, Google, Economic, Grogan, Harvard University, Obama, Economic Council, Twitter, Meta, Facebook, The Ritz, Carlton, Georgetown University's Center for Security, Emerging Technology, Philanthropy, Business Development, Ritz, Rand Corporation, GeoSim Systems, AFP, University of Toronto, Stanford, Technical University of Munich Locations: Tel Aviv, Paris, Davos, Switzerland, Washington, Laguna Niguel, Dana Point , California, Russian Israeli, Canadian

☆ Lewis Hamilton hits back at Las Vegas GP critics, saying the race ‘proved them wrong’
▼ + stars: | 2023-11-20 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —After a bumpy start to the weekend, the Las Vegas Grand Prix eventually lived up to much of the pre-race hype. Max Verstappen was initially critical of the spectacle, but later changed his tune to don an Elvis-themed suit. F1 was returning to Las Vegas for the first time in more than 40 years, with the new street circuit featuring the city’s iconic Strip. Celebrities, including Usain Bolt, were out in force in Las Vegas. Lewis Hamilton said the race proved doubters wrong.

Persons: Max Verstappen, Verstappen, Mercedes, Lewis Hamilton, Jared C, Tilton, ”, ” Verstappen, Elvis Presley’s, Usain Bolt, Angela Weiss, Brad Pitt, Rihanna, David Beckham, Shaquille O’Neal, J Balvin, Kylie Minogue, Tiesto, Andrew Benson, ” Benson, “, Mark Thompson, Tom Cary, Cary, Mike Blake, Stefano Domenicali, Renee Wilm Organizations: CNN, Las Vegas, Getty, Sky Sports, Vegas, Las, Bellagio, Reuters, Las Vegas GP Locations: Baku, Las Vegas, Vegas, 200mph, Paris, Monaco

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