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☆ FTX co-founder admits he and Sam Bankman-Fried committed fraud
▼ + stars: | 2023-10-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —A key witness for prosecutors in the trial of Sam Bankman-Fried testified that both he and Bankman-Fried committed multiple financial crimes related to their oversight of now-bankrupt crypto exchange FTX. Gary Wang, who co-founded FTX with Bankman-Fried, told jurors — in compliance with an earlier plea deal — that he was guilty of wire fraud, securities fraud and commodities fraud, and that he committed those crimes under the direction of Bankman-Fried. Alameda’s ‘unlimited’ slush fundUnlike regular customers of FTX — a platform for individual investors and institutions to trade crypto — Alameda was allowed to run a negative balance and make “unlimited withdrawals” from FTX customers, Wang said. In response, “Sam said something like, ‘We were bulletproof last year; we’re not bulletproof this year,’” Yedidia told the jury. The $8 billion represented the money that FTX customers would be owed if they decided to withdraw their deposits, Yedidia said.

Persons: Sam Bankman, Fried, Gary Wang, Wang, FTX, haven’t, Mark Cohen, Nicolas Roos, ” Wang, empaneled, ‘, Adam Yedidia, Yedidia, SBF, “ Sam, ’ ” Yedidia, “, Sam, ” Yedidia, MIT undergrads, ” Organizations: New, New York CNN, Alameda Research, Prosecutors, MIT Locations: New York, Alameda, FTX

☆ Ukraine could soon be a muddy mess, but its new Abrams were made for this fight
▼ + stars: | 2023-10-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +10 min

The first batch of US-provided Abrams tanks have arrived in Ukraine. The heavy tanks are joining the battle just in time for the infamous muddy season, which has bogged down some systems. AdvertisementAdvertisementUkraine's infamous mud season is on the horizon, raising questions about how the country's new Western-made armor, like the heavy US-provided M1A1 Abrams tanks, will perform in the coming muddy mess. AdvertisementAdvertisementAn Abrams tank from 1st Battalion, 8th Cavalry Regiment pulls security during Combined Resolve XIII at the Joint Multinational Readiness Center Hohenfels, Germany, on Feb. 02, 2002. In order to maintain the Abrams' Honeywell AGT1500 engine, Ukraine will need a consistent support and a solid supply chain able to provide sufficient spare parts.

Persons: Abrams, —, Robert Greenway, Volodymyr Zelenskyy, YEVHEN TITOV, George Barros, Vladimir Putin's, Barros, they've, It's, Omar Marques, Mark Cancian, They're, Greenway, Douglas R, Bush, it's Organizations: Service, Hudson Institute, Army, 1st Battalion, 8th Cavalry Regiment, Joint Multinational Readiness Center, US Army, Soviet, Getty, Institute for, ARIS MESSINIS, Nowa, Center for Strategic, International Studies, Marine Corps, Abrams, Honeywell, US Locations: Ukraine, Germany, Russia, AFP, Ukrainian, Bakhmut, Donbas, Southern Ukraine, Kyiv, Kharkiv, Nowa Deba, Poland, Soviet, Soviet Union, Latvia

NEW YORK, Oct 5 (Reuters) - Sam Bankman-Fried's college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder's fraud trial that Bankman-Fried told him to give a hedge fund they co-owned special trading privileges on FTX. The special privileges granted to the hedge fund, Alameda Research, included a $65 billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow, he said. He added that Bankman-Fried had directed him to implement the changes giving Alameda special privileges. Wang, 30, is the first of three former close associates of Bankman-Fried to testify at the trial, which began on Tuesday. Wang said Bankman-Fried decided to name the firm Alameda Research because it "makes it easier to do business if the name doesn't mention trading or cryptocurrency."

Persons: Sam Bankman, Gary Wang, Fried, Wang, FTX, FTX's, Mark Cohen, Matt Huang, Huang, Bankman, Nishad Singh, Caroline Ellison, Alameda's, Adam Yedidia, Yedidia, Sam, Joseph Bankman, Barbara Fried, Luc Cohen, Jody Godoy, Amy Stevens, Matthew Lewis Organizations: Alameda Research, Alameda, Massachusetts Institute of Technology, Prosecutors, MIT, Stanford Law, Thomson Locations: Alameda, tatters, Manhattan, FTX, China, United States, Bahamas, Yedidia, New York

☆ Sam Bankman-Fried decided at the last minute he didn't want to speak at the World Economic Forum in Davos, leaving organizers scrambling
▼ + stars: | 2023-10-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried was supposed to speak at the WEF's flagship event in Davos. However, he decided not to show up the night before the event, per Michael Lewis' biography on the disgraced FTX founder. Lewis wrote SBF would cancel on people "because he'd done some math in his head that proved that you weren't worth the time." "CEOs had flown to the Bahamas under the mistaken impression that Sam had agreed to buy their companies," Lewis wrote in his book. The World Economic Forum Annual Meeting is the organization's flagship event held at the end of each January in Davos, Switzerland.

Persons: Sam Bankman, Fried, Michael Lewis, Lewis, SBF, —, Sam, It's, Mark Cohen Organizations: Service, Economic, Political, Bankman Locations: Davos, Davos —, Bahamas, Switzerland, Dubai

Sam Bankman-Fried's lawyer tried to blame Caroline Ellison for FTX's collapse during opening statements. AdvertisementAdvertisementSam Bankman-Fried's defense attorney, Mark Cohen, took aim at the FTX cofounder's ex-girlfriend, Caroline Ellison, during his opening statements in the criminal trial over the collapse of FTX on Wednesday. Bankman-Fried is on trial in Manhattan federal court on charges that he defrauded FTX customers and investors out of billions of dollars. AdvertisementAdvertisementMeanwhile, prosecutor Thane Rehn told the jury that Bankman-Fried stole more than $10 billion from FTX customers, all while telling customers they could access their money at any time. "When customers put money in FTX, he stole it.

Persons: Sam Bankman, Caroline Ellison, —, Mark Cohen, Cohen, Fried, Ellison, Ellison didn't, What's, who'd, Thane Rehn, Rehn Organizations: Service, Alameda Research, New York Times, Reuters Locations: FTX, Alameda, Manhattan

Sam Bankman-Fried Trial appears at Federal Court in New York on Oct. 4th, 2023. Two years later, Julliard stood as the prosecution's first witness in the criminal fraud trial against FTX founder Sam Bankman-Fried, who's accused of misusing billions of dollars in client money. He and thousands of other FTX customers were practically wiped out when the exchange went belly up late last year. Allan Joseph Bankman, father of FTX Co-Founder Sam Bankman-Fried, and Barbara Fried, mother of FTX Co-Founder Sam Bankman-Fried, arrive at court in New York, US, on Wednesday, Oct. 4, 2023. WATCH: Sam Bankman-Fried criminal trial begins in New York

Persons: Sam Bankman, Claudia Johnson Marc, Antoine Julliard, Julliard, who's, FTX, Gisele Bündchen, Fried, Jane Rosenberg, Sam, Mark Cohen, Cohen, Attorney Thane, Rehn, Alameda's, Caroline Ellison, Allan Joseph Bankman, Barbara Fried, Stephanie Keith, Ellison's, Sam Trabucco, Trabucco, Rein, Adam Yedidia, Bankman, Yedida, hadn't, Gary Wang Organizations: Court, FTX, Federal Court, Reuters Defense, Alameda Research, Bankman, Assistant U.S, Attorney, Capitol, U.S, Bloomberg, Getty, MIT, Massachusetts Institute of Technology, Prosecutors Locations: New York, London, Manhattan, FTX, New York City, U.S, Alameda, Attorney Thane Rehn, Rehn

In his opening statement, Rehn said Bankman-Fried used more than $10 billion in FTX customer funds to amass his own wealth, power and influence. But Rehn said FTX collapsed because of Bankman-Fried's plundering of FTX customer cash. According to prosecutors, Bankman-Fried installed Ellison, his sometime romantic partner, as a "front" to lead Alameda in 2021. "In reality he was still calling the shots at Alameda," Rehn said. But Bankman-Fried's lawyer said that handing over the reins was normal as FTX grew and took up his time.

Persons: Sam Bankman, Attorney Thane Rehn, Jane Rosenberg REFILE, Fried, Thane Rehn, Mark Cohen, Rehn, Cohen, Zhao, FTX, duping, Caroline Ellison, Ellison, Jody Godoy, Luc Cohen, Amy Stevens, Matthew Lewis Organizations: U.S, Attorney, Federal Court, REUTERS, Alameda Research, Alameda, Bankman, Thomson Locations: Bankman, FTX, New York City, U.S, Bahamas, Alameda, New York

☆ Sam Bankman-Fried’s crypto empire was ‘built on lies,’ US prosecutor says
▼ + stars: | 2023-10-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —In their opening statements to a newly sworn-in jury in Manhattan federal court, lawyers laid out previews of their cases, offering two divergent narratives for the collapse of Sam Bankman-Fried’s crypto empire. The US government has charged Bankman-Fried with multiple counts of fraud and conspiracy, following the implosion of his crypto-trading platform, FTX, last year. But as his own lawyer, Mark Cohen, stepped up to speak, Bankman-Fried’s demeanor softened and his focus shifted to the jury box. “Sam didn’t defraud anyone,” he told jurors, arguing that his client acted in good faith throughout the rise and fall of his startups. Legal experts say Bankman-Fried’s lawyers have their work cut out for them.

Persons: Sam Bankman, Thane Rehn, ” Rehn, Fried, “, ”, Elizabeth Williams, Rehn, Mark Cohen, Cohen, Sam didn’t, Sam, ” Cohen, FTX’s, FTX, “ It’s Organizations: New, New York CNN, Prosecutors Locations: New York, Manhattan, Bahamas

☆ SBF's attorney tried to blame the FTX collapse on the turbulence of cryptocurrency in general
▼ + stars: | 2023-10-04 | by ( Lloyd Lee | Katie Balevic | ) www.businessinsider.com time to read: +4 min

Prosecutors now say that Sam Bankman-Fried committed fraud and conspiracy when he oversaw FTX. AdvertisementAdvertisementThe collapse of FTX in 2022 wasn't the result of fraud or a deliberate scheme to steal from customers; it was just the nature of a volatile cryptocurrency market, Sam Bankman-Fried's attorney argued on Wednesday. His attorney, Mark Cohen, argued during opening statements on Wednesday that Bankman-Fried never intended to defraud anyone or mislead customers to get them to invest in FTX. For the first time since 2021, the crypto market overall was worth less than $1 trillion by June 2022. That kind of turbulence is precisely what can overwhelm burgeoning companies like FTX, Cohen tried to argue.

Persons: Sam Bankman, Fried, SBF, —, Bankman, Mark Cohen, Cohen, Sam, FTX, Sheila Warren, Qiao Wang Organizations: Prosecutors, Service, Alameda Research, Crypto, Innovation, New York Times, Alliance Locations: FTX, Manhattan, Bahamas

But FTX had asserted the opposite in an online post about a car race it sponsored in Miami Beach, Florida, six months before its November 2022 collapse. loadingAt Bankman-Fried's trial on Wednesday, prosecutors played for the jury FTX video advertisements in which a narrator said, "we're inviting everyone in," as well as spots featuring NFL quarterback Tom Brady and comedian Larry David. Bankman-Fried, 31, has pleaded not guilty to two counts of fraud and five counts of conspiracy over the collapse of FTX. Mark Cohen, Bankman-Fried's lawyer, said his client never intended to steal funds. "But on the other hand, many factors that nobody controlled could make crypto go up and down in value.

Persons: Sam Bankman, Mark Cohen, Jane Rosenberg, FTX, Shaquille O'Neal, Tom Brady, Larry David, Bankman, Prosecutors, cryptocurrency, Thane Rehn, Fried, Rehn, Cohen, O'Neal, Brady, David, Luc Cohen, Jody Godoy, Amy Stevens, Matthew Lewis Organizations: Federal Court, REUTERS, Twitter, Miami Heat, Thomson Locations: Bankman, FTX, New York City, U.S, Miami Beach , Florida, New York

Companies Champion Trust Llc FollowNEW YORK, Oct 3 (Reuters) - Sam Bankman-Fried's fraud trial got under way with jury selection on Tuesday, nearly a year after his now-bankrupt cryptocurrency exchange's collapse shocked markets and tattered his reputation. He was dressed in a suit and tie, with his once signature curly, unkempt hair cut into a neater trim. Bankman-Fried's is the highest profile case U.S. prosecutors have so far brought against a former cryptocurrency executive. Prosecutors say Bankman-Fried built that reputation on lies and bolstered it with endorsements from celebrities and star athletes. He will be brought to court early on most days to allow him to prepare with his lawyers.

Persons: Sam Bankman, District Judge Lewis Kaplan, Kaplan, Bankman, Fried, Nicolas Roos, Mark Cohen, Caroline Ellison, Gary Wang, Nishad Singh, Ellison, Jody Godoy, Luc Cohen, Amy Stevens, Lincoln, Nick Zieminski Organizations: District, Alameda Research, Manhattan U.S, Prosecutors, Thomson Locations: Manhattan, FTX, Alameda, New York

☆ SCOTUS to hear case on the constitutionality of CFPB's funding
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSCOTUS to hear case on the constitutionality of CFPB's fundingMark Calabria, senior advisor at The Cato Institute and former director of The Federal Housing Finance Agency, along with NBC and MSNBC's Danny Cevallos, join 'The Exchange' to discuss Supreme Court hearing a case on the constitutionality of the Consumer Financial Protection Bureau's funding supply, how this supreme court ruling could impact similarly funded agencies, and the likelihood of the court returning a narrow decision.

Persons: SCOTUS, Mark Calabria, Danny Cevallos Organizations: Cato Institute, Federal Housing Finance Agency, NBC, Consumer

☆ These 'Shark Tank' founders 'desperately' needed a rebrand—they still snagged a $500K deal with Mark Cuban
▼ + stars: | 2023-10-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

The company, called Gatsby Chocolate, appeared on Friday's season premiere of ABC's "Shark Tank." The appeal for Gatsby Chocolate was evident — lots of people have a sweet tooth, and a candy bar with less calories but "no compromise on taste" sounds like a no-brainer. But for Lori Greiner and guest shark Candace Nelson, founder of Sprinkles Cupcakes, it just didn't fit. While Lori entertained that notion, for a 25% stake, Cuban balked: "My brand is too big to be the face of the brand," the billionaire said. "Specifically, we're actively looking into 'Gatsby Chocolate: The good for you bar,' after discussing with Mark and Lori, so be on the lookout!"

Persons: Mark Cuban, Doug, Ryan Bouton, Ryan, Gatsby, Lori Greiner, Candace Nelson, Sprinkles, Greiner, Nelson, Kevin O'Leary, O'Leary, Daymond John, Z, Lori, they'd, Cuban, Ryan couldn't, We're, Mark, we're Organizations: Walmart Safeway, Cuban, CNBC

The measure didn't include the $6 billion in military assistance that Ukraine said it urgently needed. They argue that if Russia's invasion is not stopped in Ukraine, other nations — including NATO allies — could be endangered. That faction was pivotal in getting Ukraine funding stripped from the last-minute 45-day funding bill that prevented a shutdown. Likewise, some European allies, including Poland, have begun to pull back on their support for the war, citing the need to prioritize their own defenses. Britain, which is no longer in the EU, has pledged nearly $6.6 billion worth of military support for Ukraine.

Persons: —, Volodymyr Zelenskyy, Donald Trump, Joe Biden, ” Biden, John Hardie, Mark Cancian, ” Cancian, Hardie, ”, John Herbst, Herbst, Jamey Keaten Organizations: WASHINGTON, —, Pentagon, White, NATO, Patriot, U.S, Republican, Foundation for Defense of Democracies, Center for Strategic, International Studies, ., Ukraine “, Atlantic Council, Kiel Institute, EU Locations: — Ukraine, Ukraine, U.S, Brussels, Russia, Poland, United States, Union, Germany, Denmark, Netherlands, France, Britain, Western, Italy, Lithuania, Norway, Geneva

The lawsuit by X Social Media claims that X Corp, which owner Elon Musk began rebranding to X from Twitter in July, was likely to cause consumer confusion. X Social Media declined to comment. Windermere, Florida-based X Social Media is an ad agency focused on mass-tort litigation. The lawsuit said the agency has used the "X Social Media" name since 2016 and owns a federal trademark covering it. X Social Media asked the court to force Musk's company to stop using the "X" name and requested an unspecified amount of money damages.

Persons: Carlos Barria, Elon Musk, Jacob, Roseanna Malherbe, Blake Brittain, Dietrich Knauth, David Bario, Angus MacSwan Organizations: REUTERS, X Corp, Twitter, X Social Media, Microsoft, Social Media, Thomson Locations: San Francisco , California, U.S, Florida, Windermere , Florida, Gulf of Mexico, Washington, New York

☆ Injuries hamper New Zealand challenge at World Cup
▼ + stars: | 2023-10-02 | by ( Nick Mulvenney | Thomson Reuters | Leads Coverage Of Sport Across The Asia-Pacific. Still Reports On The Full Panoply Of Sport. Many Olympics World Cups World Championships Grand Slams Grands Prix | ) www.reuters.com time to read: +3 min

None was closer than the final of the 50-over World Cup against England four years ago, when New Zealand missed out on boundary countback after two Super Overs failed to separate the teams. The Black Caps accepted the Lord's defeat with admirable good grace, as they had far more emphatic losses to Australia in the 2015 title decider and the 2021 Twenty20 World Cup final. The New Zealand captain made a quite remarkable recovery to take his spot in the World Cup squad but only returned to batting in a warm-up victory over Pakistan on Friday. Williamson will not be available for the tournament opener, a rematch of the 2019 final against England in Ahmedabad next Thursday. The Black Caps have proved highly adept at tournament management in recent World Cups and Stead was unconcerned that they headed to India ranked sixth in the world.

Persons: Zealand's Kane Williamson, Andrew Couldridge, Kane Williamson, Tim Southee, Trent Boult, Williamson, Southee, Boult, Gary Stead, Kane, Stead, Michael Bracewell, Rachin Ravindra, Mark Chapman, Jimmy Neesham, Nick Mulvenney, Ed Osmond Organizations: New, England, New Zealand, Black Caps, Indian Premier League, World, Pakistan, Twenty20, India, Thomson Locations: London, Britain, New Zealand, Australia, India, Ahmedabad, Hyderabad

WASHINGTON (AP) — The Pentagon is warning Congress that it is running low on money to replace weapons the U.S. has sent to Ukraine and has already been forced to slow down resupplying some troops, according to a letter sent to congressional leaders. The letter, obtained by The Associated Press, urges Congress to replenish funding for Ukraine. Congress averted a government shutdown by passing a short-term funding bill over the weekend, but the measure dropped all assistance for Ukraine in the battle against Russia. Pentagon Comptroller Michael McCord told House and Senate leaders there is $1.6 billion left of the $25.9 billion Congress provided to replenish U.S. military stocks that have been flowing to Ukraine. And McCord said it would be too risky for the Defense Department to divert money from that temporary funding bill to pay for more aid to Ukraine.

Persons: Michael McCord, McCord, providesmoney, ” McCord, Joe Biden, ” Biden, “, Mark Cancian, ” Organizations: WASHINGTON, The Associated Press, Ukraine, Congress, Russia, Pentagon, Ukraine Security Assistance Initiative, Center for Strategic, International Studies, Defense Department, Republican Locations: Ukraine, Russia, U.S

ATLANTA (AP) — Jimmy Carter has always been a man of discipline and habit. The latest round includes a flood of messages from world leaders and pop culture figures donning “Jimmy Carter 99” hats, with many of them focusing on Carter’s four decades of global humanitarian work after leaving the Oval Office. The year Carter was born, Congress passed sweeping immigration restrictions, sharply curtailing Ellis Island as a portal to the nation. As governor and president, Carter set new marks for appointing Black Americans to top government posts. At 99, Carter’s Sunday online church circuit includes watching Georgia’s first Black U.S. senator, the Rev.

Persons: Jimmy Carter, Rosalynn, it’s, ”, Jason Carter, Carter, Donna Brazile, “ He’s, ” Jill Stuckey, “, Jimmy, Rosalynn Carter, He’s, Katie Couric, Bill Clinton, ” Clinton, It’s, Peter Gabriel, concertgoers, Republican Ronald Reagan’s, —, Roslaynn Carter, Joe Biden, Biden, Ellis, Reagan, Jim Crow, Georgia’s, Raphael Warnock Organizations: ATLANTA, Georgia Senate, The Carter, White, Democratic, Plains, White House, Habitat, Carter Library & Museum, Republican, House, Ku Klux Klan, Black, U.S, Ebenezer Baptist Church, Supreme Locations: Georgia, U.S, Guinea, United States, Madison, Atlanta, Iran, Delaware, Washington, Ebenezer, Carter’s

☆ Mark Cuban on the key to a successful sale: 'You’re not trying to convince people, you’re trying to help them'
▼ + stars: | 2023-10-01 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Mark Cuban learned the key to a successful sale when he was just 12 years old. In a recent interview with GQ, Cuban was asked what the "key to selling well" was. You're trying to help them." When selling to his customers, Cuban noticed that each customer would say something that would point out how the garbage bags would make life simpler. Cuban went on to sell baseball cards and work as a salesperson at Your Business Software, a PC software retailer in Dallas, Texas.

Persons: Mark Cuban, Cuban Organizations: GQ, Cuban, Business Software Locations: Dallas , Texas, Cuban

☆ Residents alarmed as shoplifting incidents trigger store departures: ‘As a community we can’t allow this to continue’
▼ + stars: | 2023-09-30 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +10 min

“Having Target here helped revitalize East Harlem with hundreds of new jobs, customers and more services to our area. Courtesy Lou MartinsThe retail industry said it is grappling with a particular type of store theft that is more dangerous than petty shoplifting, called “organized retail crime” or ORC. The East River Plaza shopping center in New York City's East Harlem neighborhood. “The East Harlem store could have been doing very high volume in sales but still losing money because of theft,” Cohen said. The Target store in NYC's East Harlem is set to close in October.

Persons: Lou Martins, “ I’ve, ”, Martins, Maria Gonzalez Arrieta, “ We’ve, ” Lou Martins, Alex Abreu, Abreu, “, ” Abreu, it’s, We’ve, Tom Wickman, ” Wickman, “ Abuelitas, ” Xavier Santiago, Santiago Xavier, Santiago, I’ve, Mark Cohen, ” Cohen, Venkatesh Shankar, ” Shankar, Fatih Aktas, Ted Wheeler, ” – CNN’s Matt Egan Organizations: New, New York CNN, Costco, 118th, Target, eBay, Facebook, ”, East Harlem, Blumfeld, The New York Times, New York Police, Walgreens, Business, US Chamber of Commerce, “, Commerce, Community Board, East, Community, Columbia, Texas, Mays Business School, Anadolu Agency, Blumenfeld, CNN, Portland Police Bureau Locations: New York, Manhattan —, New York City, San Francisco, Seattle, Target, Plaza, Harlem, Aldi, Burlington, Pleasant Avenue, East Harlem, NYC's East Harlem, River, Portland

☆ Mark Cuban offered to introduce Taylor Swift to a Dallas Maverick. Travis Kelce wasn’t having it
▼ + stars: | 2023-09-29 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —It appears that everyone wants in on whatever is going on between Travis Kelce and Taylor Swift. The owner of the Dallas Mavericks basketball team appeared on Thursday’s episode of ESPN’s “First Take” and had a message for Swift. Travis Kelce later said he “threw the ball in her court” and told Swift, “I’ve seen you rock the stage in Arrowhead. Swift and Kelce - now known as “Tayvis,” “Traylor,” “Swelce” or “K. “@mcuban Just sign me to a ten day!” Kelce responded on X, formerly known as Twitter, requesting a temporary Mavericks contract.

Persons: Travis Kelce, Taylor Swift, Mark Cuban, ESPN’s, Swift, “ Taylor, Travis, ”, “, here’s, Jason Kelce, “ I’ve, ” “ Traylor, Kelce, James Dean, Swift’s, ” Kelce Organizations: CNN, Dallas Mavericks, Kansas City Chiefs, Philadelphia Eagles, People, Twitter, Mavericks Locations: Kansas, Arrowhead

☆ Mark Cuban wants to give you personalized advice for free now—here’s how to get it
▼ + stars: | 2023-09-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Billionaire entrepreneur and investor Mark Cuban gives out plenty of public advice, from his musings on ABC's "Shark Tank" to his own TikTok account. It's primarily intended for entrepreneurs who want advice: Cuban initially created it just for his portfolio companies before realizing its broader appeal, he says. Cuban's advice network currently requires a free subscription to join. He hopes the advice network will introduce him to new ideas, too. Join the free CNBC Make It: Your Money virtual event on Oct. 17 at 1 p.m.

Persons: Mark Cuban, Falon Fatemi, It's, Cuban, TikToker Bobbi Althoff's, Ansley Carlisle, — Organizations: MCC, Cuban, CNBC, CompuServe, Yahoo, Forbes Locations: Dallas

☆ Mark Cuban says Elon Musk is a 'genius' for buying X but is also his 'own worst enemy'
▼ + stars: | 2023-09-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Mark Cuban thinks Elon Musk is his "own worst enemy" when it comes to managing X successfully. "I think how the platform performs is light years ahead of where it was," Cuban told Insider. AdvertisementAdvertisementMark Cuban believes that an Elon Musk-led X may succeed so long as Musk doesn't get in his own way. Unless he fucks it up himself with his posts on X," Cuban continued. AdvertisementAdvertisementCuban told GQ that when it comes to running X, Musk is his "own worst enemy."

Persons: Mark Cuban, Elon Musk, —, Cuban, he's, I've, Musk, Elon, He's Organizations: X, Service, Elon, Twitter, GQ, Cuban Locations: Cuban

☆ How surging trade with China is boosting Russia’s war
▼ + stars: | 2023-09-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +15 min

Mikhail Tereshchenko | Afp | Getty ImagesThe defense ministries of China and Russia did not respond to CNBC's request for comment on the trade flows. Trade of 'dual-use' goods spikesTotal bilateral trade between Russia and China hit a record high of $190 billion in 2022, up 30% from 2021. Semiconductor sales to Russia from China and Hong Kong more than doubled in 2022 as Western sanctions took hold. Meantime, construction equipment has played an "underappreciated" but significant role in China's contribution to Russia's war efforts, having helped bolster its defenses against Ukraine's counteroffensive, Joseph Webster, senior fellow at the Atlantic Council, said. The findings add to the growing list of Chinese goods and companies reported to be supplying Russia's military, including state-owned enterprises.

Persons: Vladimir Putin's, Mark Cancian, Vladimir Putin, Xi Jinping, Mikhail Tereshchenko, Wang Yi, China's, Putin, Li Shangfu, —, Qilai Shen, Antonia Hmaidi, Cancian, they've, Hong Kong Retekess, Legittelecom, It's, Silva, Hmaidi, Joseph Webster, Webster, that's, Ramzan Kadyrov, Russia's Organizations: CNBC, for Strategic, International Studies, Kremlin, Afp, Getty, Ukraine's Defense Ministry, Ukrainian Armed Forces, Bank of Finland's Institute, Emerging, Semiconductor, CNBC CNBC, Federal, Service, SZ DJI Technology, Robotics, Iflight, SZ, Technology, Bloomberg, Rostov, R Technology, Beijing KRnatural International Trade Co, Mercator Institute for China Studies Defense, Industry, Hong, Mercator Institute for China Studies, Moscow, ImportGenius, Ukraine's, Atlantic Council, Atlantic, U.S, China Taly Aviation Technologies, China Poly Technologies, EU, Beijing, National Security Council Locations: Ukraine, China, Washington, Russian, Moscow, Russia, Beijing, U.S, Kyiv, Hong Kong, Shenzhen, DJI, Liaoning, Shanghai, Berlin, Buryatia, Hubei, Korea, Pyongyang, Russia's, Amur, Chechen Republic, Qianwan, Qingdao Port, Shandong Province, deniability

☆ How Chinese companies are supporting Russia's military
▼ + stars: | 2023-09-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

In 2022, total bilateral trade between Russia and China hit a record high of $190 billion, up 30% from 2021. 2023 is set to eclipse that figure, with total trade hitting $134 billion in the first seven months. They're large enough that they could not continue without the acquiescence of the Chinese government." The companies involved in the trade tend to be small exporters, Antonia Hmaidi from the Mercator Institute for China Studies told CNBC. Watch the video above as CNBC investigates China's hidden hand in Russia's war.

Persons: Mark Cancian, Vladimir Putin's, Antonia Hmaidi, Joseph Webster Organizations: U.S . Marine Corps, Center for Strategic, International Studies, Mercator Institute for China Studies, CNBC, Atlantic Council, Communist Party Locations: Russia, China, Moscow, Ukraine, Beijing, U.S

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