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☆ Sam Bankman-Fried faces over 100 years in prison at sentencing. Experts weigh in on how much time he'll actually get
▼ + stars: | 2023-11-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

A jury of twelve found FTX founder Sam Bankman-Fried guilty of all seven criminal charges brought against him. The question of how long he'll remain in prison, however, is one that Judge Lewis Kaplan will spend the next few months deliberating by himself. "So I should preface this by saying I'm not a lawyer," Bankman-Fried began one answer. After several dozen of these instances, the government often presented evidence that would either directly refute the defendant's testimony or offer an answer to the question Bankman-Fried had dodged. So now, the question of prison time goes to Judge Kaplan.

Persons: Sam Bankman, Lewis Kaplan, Kaplan, Judge Kaplan, I'm, Fried, FTX, Danielle Sassoon, wasn't Organizations: Southern, of, Massachusetts Institute of Technology, CNBC Locations: of New York, Manhattan, Alameda, FTX

☆ Three hours to guilty: How the government nailed Sam Bankman-Fried
▼ + stars: | 2023-11-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

David Dee Delgado | ReutersIn Sam Bankman-Fried's fraud trial, prosecutors won quickly by keeping it simple. "While the cryptocurrency industry might be new and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time," Williams said. Sam Bankman-Fried's parents, seated to the left, react to the verdict. "Sam Bankman-Fried will be remembered as one of the biggest fraudsters of our lifetimes," Mariotti said. WATCH: Sam Bankman-Fried found guilty on all seven counts

Persons: Sam Bankman, David Dee Delgado, CNBC they'd, Yesha Yadav, Fried, Nicolas Roos, Danielle Sassoon, Crypto, Roos, Sassoon, Marc, Antoine Julliard, Renato Mariotti, who's, Bryan Cave Leighton Paisner, Damian Williams, Williams, Andrew Ross Sorkin, Sorkin, that's, It's, SBF, Mariotti, Paul Tuchmann, Wiggin, Dana, Tuchmann, Elizabeth Williams, Caroline Ellison, Bankman, Ellison, James Koutoulas, Koutoulas, Gary Wang, Nishad Singh, FTX coder Adam Yedidia, FTX's, Sun, Kevin J, O'Brien, Mark Cohen Organizations: FTX, Manhattan, Reuters, CNBC, Vanderbilt University ., U.S . Justice Department's Securities, Commodities, Southern, of, Prosecutors, Stanford, Alameda Research, New York Times DealBook, Washington , D.C, U.S, Justice Department, Trading Commission, Securities and Exchange Commission Locations: New York City, London, Chicago, U.S, of New York, Alameda, Washington ,, Bankman, New York

☆ For days Sam Bankman-Fried, the MIT grad who founded FTX, repeatedly told a jury he couldn't remember actions from his time as CEO
▼ + stars: | 2023-10-31 | by ( Katie Balevic | ) www.businessinsider.com time to read: +9 min

It was during those hours of questioning that Bankman-Fried repeatedly said he couldn't recall specific details from his time as CEO of FTX, his now-defunct cryptocurrency exchange. Asked whether his support for regulation in the crypto industry was contingent upon protecting customers, Bankman-Fried testified Monday: "I don't recall that specifically, no." He similarly struggled to recall whether he ever mentioned to the public that while trading on FTX, Alameda didn't play by the same rules as other customers. AdvertisementAdvertisementBankman-Fried's instructions as CEO were just 'suggestions'Chelsea Jia Feng/InsiderBankman-Fried insisted on the stand that he didn't recall making various instructions to his employees, especially those like Ellison, Gary Wang, and Nishad Singh. Asked if he instructed Ellison to purchase cryptocurrencies in her capacity as co-CEO of Alameda, Bankman-Fried was vague, saying, "I don't recall an instance.

Persons: Sam Bankman, Lewis Kaplan, —, Fried, Danielle Sassoon, FTX, SBF, FTX's, Judge Lewis Kaplan, Caroline Ellison, Eduardo Munoz Alvarez, Sam Trabucco, beholden, Sassoon, Chelsea Jia Feng, Ellison, Gary Wang, Nishad Singh, I'm, Jane Rosenberg, Gary, Nishad, Ryan Salame, it's, Mark Cohen, Judge Kaplan Organizations: Service, Alameda Research, Alameda, REUTERS Locations: Bankman, Manhattan, Alameda, FTX

PHILADELPHIA (AP) — James Harden vowed he would never play for a franchise run by 76ers team president Daryl Morey. Coach Nick Nurse, in his first season after five years with Toronto, is preparing for games without Harden. Harden even declined in June 2022 his $47.4 million option, saying he wanted to give the 76ers flexibility to improve their roster and compete for a championship. He signed a deal worth slightly over $68 million, paying him about $33 million last season with a $35 million player option for this season. The player known as The Beard instead picked up his $35.6 million option with the 76ers for this season, with the desire to force a trade.

Persons: — James Harden, Daryl Morey, Harden, Harden —, Nick Nurse, “, ” Nurse, We’ve, Morey, Kevin Durant, Kyrie Irving, Joel Embiid, Tucker, Beard, —, “ Daryl Morey, ” Harden, ”, “ It’s Organizations: PHILADELPHIA, 76ers, Sixers, Wells, Center, Atlanta, Milwaukee, Toronto, Portland, Los Angeles Clippers, Morey, NBA, Clippers Locations: Toronto, Houston, Brooklyn, yup, Philly, China, New Jersey, Embiid

☆ Anna Wintour's furious staff said Sam Bankman-Fried would 'never step foot in fashion again' after he snubbed her Met Gala invite
▼ + stars: | 2023-10-03 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Anna Wintour invited Sam Bankman-Fried to the Met Gala during a Zoom meeting on Valentine's Day 2022. Wintour's team were furious when he ultimately snubbed the invite, per Michael Lewis' new book about FTX. After the meeting Bankman-Fried thought: "'I would have to think hard if this is a thing I want to go to,'" per the excerpt. Bankman-Fried ultimately decided not to go, but it was FTX's former head of public relations, Natalie Tien, who had to deal with the fallout with Wintour's team. AdvertisementAdvertisementLewis wrote: "Natalie was prepared for Anna Wintour's people to be disappointed when she told them that Sam wouldn't be there.

Persons: Anna Wintour, Sam Bankman, Fried, Michael Lewis, —, Anna Wintour's, FTX's, Wintour, didn't, Lewis, Louis Vuitton, Tom Ford, Natalie Tien, Natalie, Sam wouldn't, Sam, FTX Organizations: Valentine's, Service, Beverly Hilton, CBS, Alameda Research Locations: Los Angeles, America, Alameda

☆ I moved to a tiny Alaskan village and worked as a teacher to 5 students. I was able to save $1,000 a month, see the Northern Lights, and walk on glaciers.
▼ + stars: | 2023-09-26 | by ( Taryn Williams | ) www.businessinsider.com time to read: +7 min

Taryn Williams moved to a tiny Alaskan village to work as a teacher, in 2020. AdvertisementAdvertisementIn 2020, I moved to a tiny village in Alaska to take a teaching job. Courtesy of Taryn WilliamsWorking with the families that invited me into different villages has been an incredible experience. When I traveled to the different villages with my students, I was able to learn the cultural customs of each group. I've also been able to travel with my students, which is a uniquely incredible and gratifying experience.

Persons: Taryn Williams, Williams, —, Bush, I've, Taryn Williams I've, hadn't, It's Organizations: Service, Bush, Anchorage — Locations: Alaska, Perryville, Philadelphia, Anchorage, Europe, Instacart, Fairbanks, Anchorage —

☆ Christie’s Big Bet: ‘If I Don’t Do Well in New Hampshire, Then I’ll Leave’
▼ + stars: | 2023-09-14 | by ( Nick Corasaniti | More About Nick Corasaniti | ) www.nytimes.com time to read: +2 min

His path to the Republican nomination runs through New Hampshire, the first-in-the nation primary. “If Donald Trump wins here, he will be our nominee. I think once Donald Trump loses in one place, that entire rotted building will crumble.” “Is there any scenario that you could see where you would drop out?” “Look, Nick, if I don’t do well in New Hampshire, then I’ll leave. And if I do very well here, then you bet I’ll continue on through the convention.” More so than any other candidate in this race, Governor Christie has been harshly critical of former President Trump. “And we watched you stand up there and say that, you know, Donald Trump was unfit, and you were very right.

Persons: Chris Christie, Donald Trump, Trump, Nick, I’ll, ”, Christie, ” “, —, Hillary Clinton, don’t Organizations: Gov, Republican Locations: New Hampshire

☆ These are the five stocks Jim Cramer would buy today – and why
▼ + stars: | 2023-08-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

There are five stocks I would buy right now if I were just joining the Club, or had come into some new money. And Dupont has a ton of cash to buy back stock while it happens. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jerome Powell, Powell, Ed Breen, Dupont, Danaher, Eli Lilly, Vimal Kapur, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: Club, DuPont de Nemours, GE HealthCare, Honeywell, Boeing, General Electric, GE, Airbus, SWK, CNBC, US Federal Reserve, Market, Bloomberg, Getty Locations: GEHC, Washington , DC

SEOUL/TOKYO, July 12 (Reuters) - North Korea fired an intercontinental ballistic missile (ICBM) off its east coast on Wednesday, prompting U.S. condemnation, as well as from the leaders of South Korea and Japan who met on the sidelines of a NATO summit. The White House condemned the launch and said it would take all necessary measures to ensure its security and that of South Korea and Japan. South Korean President Yoon Suk Yeol, in Lithuania for the NATO summit, convened an emergency national security council meeting and vowed to use the summit to call for strong international solidarity to confront such threats. [1/3]Passengers wait for their train in front of a TV broadcasting a news report on North Korea firing a ballistic missile off its east coast, at a railway station in Seoul, South Korea, July 12, 2023. REUTERS/Kim Hong-JiThe top military generals of the United States, Japan and South Korea gathered for a rare trilateral meeting in Hawaii just before the missile launch.

Persons: Hirokazu Matsuno, Adam Hodge, Yoon Suk Yeol, Yoon, Fumio Kishida, Kishida, Kim Hong, Ji, Kim Dong, Yang, Leif, Eric Easley, Josh Smith, Soo, hyang Choi, Hyunsu Yim, Hyonhee, Rami Ayyub, David Brunnstrom, Elaine Lies, Tom Hogue, Lincoln, Raju Gopalakrishnan Organizations: NATO, House, National Security, REUTERS, University of North Korean Studies, Analysts, Reuters Graphics Reuters, Asan Institute, Policy Studies, Ewha Womans University, Thomson Locations: SEOUL, TOKYO, North Korea, South Korea, Japan, Korean, American, Pyongyang, Lithuania, Japanese, United States, Australia, New Zealand, Seoul, Hawaii, Japan's, U.S, Washington, Tokyo

☆ Farmer owes $82,000 in contract dispute over use of a ‘thumbs-up’ emoji, judge says
▼ + stars: | 2023-07-07 | by ( Jennifer Henderson | ) edition.cnn.com time to read: +3 min

New York CNN —A Canadian farmer owes $82,000 for breach of contract after using a “thumbs-up” emoji in a text. After phone calls with farmers Bob and Chris Achter, SWT drafted a contract for Chris Achter to sell SWT 86 metric tons of flax for $17 a bushel and deliver the flax in November. He said the only difference this time was Achter responded with a “thumbs-up” emoji instead of “ok”, “yup” or “looks good.”According to Achter in the court documents, he confirmed “the thumbs-up emoji simply confirmed that I received the Flax contract. It was not a confirmation that I agreed with the terms of the Flax Contract. In my opinion, when considering all of the circumstances that meant approval of the flax contract and not simply that he had received the contract and was going to think about it.

Persons: Bob, Chris Achter, SWT, ” Achter, Achter, emoji, Mikleborough, ”, jud, tim, abou Organizations: New, New York CNN, Saskatchewan, South West, Achter, pla Locations: New York

The announcement did not name Choi and gave only limited details, although some media subsequently identified Choi and his links with Foxconn. The unreleased 18-page indictment, reviewed by Reuters, provides details in the case against Choi, including how he is alleged to have stolen Samsung's trade secrets and details about the planned Foxconn plant. Choi's Singapore-based consultancy Jin Semiconductor won the contract with Foxconn around August 2018, according to the indictment. According to the indictment, the new Foxconn plant had planned capacity of 100,000 wafers per month using 20-nanometre DRAM memory chip technology. However, Foxconn ended the contract just a year later and only paid salaries related to the project, the lawyer said.

Persons: Kim Hong, Choi Jinseog, Taiwan's Foxconn, Choi, Kim Pilsung, Cho Young, sik, Samoo, Choi's, Chung Chan, Kim, Foxconn, Cho, HanmiGlobal, Chung, Lee Jong, Lee, Jin Semiconductor's, Yoon Suk, 1,294.4600, Heekyong Yang, Ben Blanchard, Chen Lin, Josh Ye, Miyoung Kim, Lincoln Organizations: Samsung Electronics, REUTERS, Samsung, South, Prosecutors, Reuters, Jin Semiconductor, Foxconn, Samoo Architects & Engineers, Google, SK Hynix, Samsung's, Sangmyung University, Hai Precision Industry Co Ltd, South Korean, Thomson Locations: Suwon, South Korea, SEOUL, China, Choi's Singapore, Xian , China, HanmiGlobal, South, CHINA, United States, Taipei, Singapore, Hong Kong

☆ Fact Check-Quote about truth and fools is falsely attributed to Mark Twain
▼ + stars: | 2023-06-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

American writer Samuel Langhorne Clemens, known by his pen name Mark Twain, did not say, “The truth has no defense against a fool determined to believe a lie,” according to experts familiar with his life and work. – Mark Twain.”“Perfect description of a liberal Democrat,” reads one comment, while another says, “Yup, people who believe in god is biggest example.”Reuters did not find the quote attributed to Twain in websites dedicated to his work, such as the Mark Twain Project Online (here), the Center for Mark Twain Studies (here) and Twain Quotes (www.twainquotes.com/). “I can't say that I know of any evidence, in print or manuscript, that Clemens said that,” said Robert H. Hirst, general editor of the Mark Twain Project Online and curator of the Mark Twain Papers (here, here) in an email to Reuters. “In fact, I have not seen an attribution to Twain dated prior to 2021.”VERDICTFalse. There is no evidence that American writer Mark Twain said this quote.

Persons: Samuel Langhorne Clemens, Mark Twain, ”, “ Yup, Twain, Clemens, Robert H, Hirst, “ it’s, ” Matthew Seybold, ” Seybold, “, Twain’s, Read Organizations: ” Reuters, Mark, Mark Twain Studies, Reuters, Center, Elmira College

☆ How Gwyneth Paltrow Put Concussions On Trial
▼ + stars: | 2023-05-02 | by ( Mireille Silcoff | ) www.nytimes.com time to read: +2 min

In March, on Day 7 of the Gwyneth Paltrow ski trial, after the court spectacle had already been branded everything from a “meme machine” to “the whitest trial of all time,” the retired optometrist Terry Sanderson sat in the witness box, somewhat deflated already. By that point, he probably knew that his pursuit of Paltrow for damages connected to a ski collision he said was her fault was a pretty bad idea. “This is a picture of you and your girlfriend, smiling big, right?”“Smile, camera, yup,” Sanderson replied. At a ski resort? As far as controversies go, the trial was as Diamond Life as you can get.

☆ Robin Thede Is on a Mission
▼ + stars: | 2023-04-28 | by ( Leigh-Ann Jackson | ) www.nytimes.com time to read: +2 min

We don’t bring characters or story lines back unless we really feel like we have something good. But even if you don’t, you’re going to get pure laughs. Every season is special in its own way, and the cast always has some sort of change, and the writers are different. Should I?” Having run shows and created shows, I know that all I can do is create a good show. I always feel a certain amount of responsibility to represent us correctly, but I also know that I can’t be the voice of every Black woman, so I don’t try.

☆ Fact Check-Photo shows group of anti-Trump Republican demonstrators
▼ + stars: | 2023-04-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A photograph of a group of mostly Republican anti-Trump demonstrators at a 2021 campaign event is being miscaptioned by users online who claim that it shows hired actors dressed as white supremacists. The Lincoln Project group claimed responsibility for the demonstration, Reuters reported, saying it was intended to remind voters of the 2017 Charlottesville rally where a man who described himself as a neo-Nazi drove into a crowd of counter-protesters, killing one (here). The Lincoln Project political action committee was formed in 2019 by current and former Republicans opposed to former U.S. President Donald J. Trump, according to Ballotopedia (here). The photograph shows a demonstration by the Lincoln Project in October 2021. This article was produced by the Reuters Fact Check team.

☆ Taxes and adulting: What to know about filing taxes on your own for the first time
▼ + stars: | 2023-04-03 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

Taxes are genuinely confusingIf you’re confounded by filing your taxes, you may think it’s because you’re young and inexperienced. Organize everything before filling out anythingYour tax return is a financial snapshot of your life over a 12-month period, in this case 2022. Above those levels, the child tax credit starts to get reduced. Deadlines matterYour federal tax return is due on April 18. That is the day by which you must have filed your 2022 individual tax return and paid any remaining federal income taxes owed for last year.

☆ Twitter to charge for SMS two-factor authentication
▼ + stars: | 2023-02-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Twitter Blue subscribers will be the platform’s only users able to use text messages as a two-factor authentication method, Twitter announced Friday. Twitter users will have two other ways to authenticate their Twitter log-ins at no cost: an authentication mobile app and a security key. As of 2021, only 2.6% of Twitter users had a 2FA method enabled – and of those, 74.4% used SMS authentication, a Twitter account security report said. Disabling text message 2FA won’t automatically disassociate the user’s phone number from their account, Twitter said. Musk responded “Yup” to a tweet claiming a telecommunications company used bot accounts “to Pump 2FA SMS” and that Twitter was losing $60 million a year “on scam SMS.”

☆ Twitter to charge users to secure accounts via text message
▼ + stars: | 2023-02-18 | by ( ) www.cnbc.com time to read: +1 min

Twitter said on Friday it will allow only paid subscribers to use text messages as a two-factor authentication (2FA) method to secure their accounts. Twitter said on Friday it will allow only paid subscribers to use text messages as a two-factor authentication (2FA) method to secure their accounts. After March 20, "only Twitter Blue subscribers will be able to use text messages as their two-factor authentication method," the company tweeted. Two-factor authentication, meant to make accounts more secure, requires an account holder to use a second authentication method in addition to a password. Twitter allows 2FA by text message, authentication app and a security key.

☆ Twitter will reserve text-message authentication for Twitter Blue subscribers because it's being 'abused' by 'bad actors'
▼ + stars: | 2023-02-18 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Twitter said only Twitter Blue subscribers can use text messages to secure accounts from March 20. Text message two-factor authentication was being "abused" by "bad actors," the company said. A Twitter Blue subscription costs $11 a month on Android or iOS. It believed that text-based two-factor authentication was being "abused" by "bad actors," according to a blog post published Wednesday and shared in Twitter's latest announcement. Shortly after Elon Musk's takeover last October, it introduced Twitter Blue, which allows users to pay for the blue checkmarks previously reserved to high-profile figures.

But Mr. Musk’s Twitter feed is often an echo chamber. 48 hours of Elon Musk’s tweets Circles representing Musk’s tweets are sized by the total retweets, likes, replies and quote tweets in response to what he posted. A chart of Mr. Musk’s original tweets, replies and quote tweets over a two-day period in November. A website tracking Mr. Musk’s private jet movement suggested that he traveled away from San Francisco around that time. Shareholders are now also seeking billions of dollars in damages in a lawsuit after Mr. Musk’s takeover proposal never materialized.

☆ Hope Hicks, former Trump aide, on Jan. 6: ‘We all look like domestic terrorists now’
▼ + stars: | 2023-01-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +2 min

Hope Hicks, who served as a top adviser to former President Donald Trump, told an aide to Ivanka Trump that “we all look like domestic terrorists now” as the Capitol riot unfolded on Jan. 6, 2021. In texts released by the House Jan. 6 committee, Hicks expressed concerns about the consequences of Trump’s actions to Julie Radford, who was then Ivanka Trump’s chief of staff. She departed the White House several days after the Jan. 6 insurrection after serving as a counselor to the president. She previously served as White House communications director as well as director of strategic communications. Before joining the Trump White House, Hicks worked for Trump’s presidential campaign, the Trump Organization and Ivanka Trump’s fashion brand.

☆ Protests in China send a chill through global markets
▼ + stars: | 2022-11-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

The protests had an immediate impact on global markets, and raised questions about the path forward for China’s increasingly sluggish economy. The protests began Friday after 10 people were killed in a fire in China’s Xinjiang province, where Covid lockdown restrictions reportedly hindered first responders from reaching the blaze. Step down, Communist Party!”Meanwhile, the prospect of social upheaval in the world’s second-biggest economy has sent a chill through global markets. Oil prices dropped sharply as investors feared that surging Covid cases and protests in China would sap demand from one of the world’s largest oil consumers. To fix its economy, China needs to ease lockdowns to allow its people to get back to their lives.

☆ Live Results: Mary Peltola defeats Sarah Palin and others: Alaska's at-large district US House election
▼ + stars: | 2022-11-24 | by ( Hanna Kang | Katie Balevic | ) www.businessinsider.com time to read: +7 min

Democratic Rep. Mary Peltola won against three others — including Sarah Palin — in Alaska's at-large congressional district. Alaska has only one congressional district and therefore does not go through a redistricting process. Democratic Rep. Mary Peltola of Alaska has defeated three challengers in Alaska's at-large congressional district general election — most notably former Gov. Palin, the former governor of Alaska, has known Peltola for years and served alongside her in the Alaska state house. Although Alaska's 2022 general election, much like the special election, will largely be centered around Peltola and Palin, Alaska's ranked choice voting system makes this a four-way race.

Democratic Rep. Mary Peltola is running against three others — including Sarah Palin — in Alaska's at-large congressional district. Alaska has only one congressional district and therefore does not go through a redistricting process. Democratic Rep. Mary Peltola of Alaska faces off against three challengers in Alaska's at-large congressional district general election. Palin, the former governor of Alaska, has known Peltola for years and served alongside her in the Alaska state house. Although Alaska's 2022 general election, much like the special election, will largely be centered around Peltola and Palin, Alaska's ranked choice voting system makes this a four-way race.

☆ One sentence from the Fed got markets all worked up. Then Powell spoke
▼ + stars: | 2022-11-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

BIG PICTUREThe Fed is operating on data that’s offered a murky view of the economy’s health in recent months. On one hand, the housing market is cooling off markedly, but higher borrowing costs so far haven’t made a dent in inflation. That may reassure the Fed that there’s room to keep rate hikes going without triggering a recession. There is a glut of avocados in America and that’s triggered a steep drop in wholesale prices. Don’t yell at me, I don’t make the rules…Anyway, starting Thursday, it’s festive cup season, which Starbucks fans seem excited for.

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