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☆ Jim Cramer’s guide to investing: Don’t look past a bad balance sheet
▼ + stars: | 2023-10-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer stressed that investors shouldn't fall in love with a company if it has a poor balance sheet. Cramer said he became enamored with Walt Disney for the CNBC Investing Club's Charitable Trust, sticking by the company "through thick and thin" even as the company's balance sheet seemed weak and its stock plummeted. According to Cramer, Disney made poor choices that started to weaken its balance sheet over the past few years, including bringing on bad management. But after two years of Chapek, Disney brought former CEO Bog Iger back on board, and Cramer said the company has been making progress on its balance sheet since then. He said he still believes in Disney's franchises, and he even bought more of Disney on weakness for the charitable trust.

Persons: CNBC's Jim Cramer, Cramer, Walt Disney, Disney, Bob Chapek, that's Organizations: CNBC, Disney

☆ Starboard Value CEO Jeff Smith on stake in News Corp., push for separation of divisions
▼ + stars: | 2023-10-17 | 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 EmailStarboard Value CEO Jeff Smith on stake in News Corp., push for separation of divisionsStarboard Value CEO Jeff Smith joins 'Squawk on the Street' to discuss the Starboard's stake in News Corp., why he believes it makes sense for News Corp. to spin off its Dow Jones news division and its REA real estate division, and more.

Persons: Jeff Smith, REA Organizations: News Corp, Dow Jones

☆ Stocks making the biggest moves midday: Lululemon, Pfizer, News Corp, Charles Schwab and more
▼ + stars: | 2023-10-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Pfizer — Shares rallied 3.61% following an upgrade by Jeffries to buy from hold. The firm sees an attractive buying opportunity after Pfizer cut its full-year guidance last week on slumping vaccine sales. Alignment Healthcare — Shares soared 17.22% after being upgraded to strong buy from outperform by Raymond James. Tal Education — The education technology stock popped 6.73% after UBS upgraded shares to a buy rating, citing an attractive valuation and tailwinds from Tal Education's nonacademic tutoring business. Greenbrier — Shares of the transportation services company gained 3.81% Monday morning after Susquehanna upgraded the stock to a positive rating.

Persons: Dow, Lululemon, Jeffries, Novavax, Raymond James, Morgan Stanley, Jim Ratcliffe, Sheikh Jassim bin Hamad al Thani, Glazer, Tal Education's, Charles Schwab —, Schwab, Albemarle —, Albemarle, Bascome, Henry Schein —, Yun Li, Fred Imbert, Hakyung Kim, Samantha Subin, Alex Harring, Pia Singh, Lisa Han Organizations: Dow Jones Indices, Activision, Microsoft, Pfizer —, Pfizer, Moderna, News Corp, Reuters, Street, Street Journal, Systems, Manchester United, Tal Education, UBS, Liontown, Greenbrier —, Susquehanna Locations: BioNTech, Greenbrier

☆ The CEO of Dropbox has a 90/10 rule for remote work
▼ + stars: | 2023-10-16 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Dropbox CEO Drew Houston told Fortune his company uses a 90/10 rule for remote work. This means 90% of the year is spent on remote work, and the remaining 10% is dedicated to employee off-site events. AdvertisementAdvertisementDrew Houston, the CEO of file storage company Dropbox, is continuing to tout a predominantly remote work culture, even as business leaders increasingly call for their workers to return to the office. Dropbox uses a 90/10 rule, with 90% of the year spent on remote work and the remaining 10% spent on a handful of employee off-sites, the company's CEO told Fortune in an interview published Sunday. The company first announced it was becoming a "virtual first" company in 2020 amid the COVID-19 pandemic, making remote work the default for workers.

Persons: Drew Houston, Fortune, —, Houston, Mark Zuckerberg, Goldman Sachs, David Solomon, Jamie Dimon, hasn't Organizations: Houston, Service, Dropbox, Forbes, JPMorgan Locations: San Francisco, Houston

☆ Farrell kicks England into semis with classic win over Fiji
▼ + stars: | 2023-10-15 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

Centres Manu Tuilagi and Joe Marchant scored tries as England led 24-10 early in the second half on the back of their most impressive performance for years. However, in classic style, Fiji scored two tries in four minutes to change the mood, only for England, thanks to surging runs by outstanding number eight Ben Earl, to regain a lead they held on to in a dramatic finale. England reached their sixth World Cup semi-final and will go in search of a fifth final appearance when they meet France or South Africa. "There was obviously a spell where Fiji scored two back-to-back tries, which Fiji can do probably better than anyone else in the world. For most of the match, a fired-up England were unrecognisable from the team who looked so lacklustre against Samoa last week.

Persons: Farrell, Captain Owen Farrell, Manu Tuilagi, Joe Marchant, Ben Earl, England, Steve Borthwick, Simon Raiwalui, Marchant, Viliame Mata, Peni Ravai, Vilimoni, Simione, Earl, Vilimoni Botitu, Mitch Phillips, Ed Osmond Organizations: Fiji, France, Islanders, Samoa, Twickenham, England, Blacks, Thomson Locations: South Africa MARSEILLE, France, England, South Africa, Fiji, Paris

☆ ICC Cricket World Cup: Afghanistan stuns England in one of the biggest ever sporting upsets
▼ + stars: | 2023-10-15 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —The pantheon of great sporting upsets gained another monument on Sunday as Afghanistan roundly defeated England by 69 runs at the ICC Cricket World Cup in Delhi, India. It was an upset of immense proportions – Afghanistan had only ever won one World Cup match in its entire history while England is the defending world champion, still basking in the glow of a golden era that has bestowed mythical status on much of its team. But England sputtered from the very start as some loose bowling allowed Afghanistan to build an impressive platform, putting on more than 100 runs without losing a wicket. Defeating England following the earthquake added another dimension to Afghanistan’s historic victory, one which captain Rashid Khan hoped will give Afghans a “little bit of smile on their faces,” he said, per ESPN Cricinfo. After already losing to New Zealand, this shock defeat leaves England in real danger of crashing out the World Cup in the group stages, giving Saturday’s game against South Africa even more importance.

Persons: Rahmanullah Gurbaz, Ikram Ali Khil, Harry Brook’s, Afghanistan's, Alikhil, Money Sharma, Ur Rahman, Rashid Khan, ” Organizations: CNN, England, ICC Cricket, Getty, Sky Sports, ESPN, New, South, New Zealand Locations: Afghanistan, Delhi, India, England, Herat, New Zealand, South Africa

☆ I use a rainy day cash fund to splurge on items like SZA tickets. My method is a little 'girl math' and a little 'cash stuffing,' but it works for me.
▼ + stars: | 2023-10-15 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

I bought SZA concert tickets with a rainy day cash fund. On the back in gold gel-pen letters, I'd written "Rainy Day Cash." Inside was a small amount of cash I'd received for my birthday a couple of months ago. Girl math became the topic of viral videos on TikTok in which women justify spending money on coffee, clothes, or concert tickets because the cost is relative to the value they place on it. Timothy Norris/GettyMy cash envelope was similar to another personal finance strategy called " cash stuffing ," by which people budget their monthly expenses in cash envelopes and only spend what they have set aside for each category.

Persons: —, Taylor, I'd, Imani Barbarin, SZA, Timothy Norris, Getty Organizations: Service, Ticketmaster, Barclays Center

Hunter led the Buffaloes with 13 catches for 140 yards and two touchdowns in his first game in nearly a month, and he collected five solo tackles on defense. Hunter celebrated his much-anticipated return to action with a 24-yard catch-and-run touchdown in the first quarter. When the Buffaloes started out on defense against Stanford (2-4, 1-3), Hunter received a big hug from his coach as he trotted out to play cornerback. When the Buffaloes forced a quick punt and got the ball for the first time, Hunter lined up wide right. Hunter returned to the game but later left to go to the hospital, where he was diagnosed with a lacerated liver.

Persons: Travis Hunter, Hunter, Cardinal, Elic Ayomanor, corralled Ashton Daniels, Deion Sanders didn't, Sanders, “, ” Ayomanor, Mitch Leigber, Stanford, Shedeur Sanders, Joshua Karty, Shedeur, Boulder . Hunter, Henry Blackburn, Blackburn, Hunter chimed Organizations: Stanford, Buffaloes, Colorado, Jackson State, Florida State, TCU, Nebraska, Rocky, Colorado State, Oregon, USC, Arizona State, UCLA, Folsom, Rams, Blackburn, AP Locations: BOULDER, Colo, Colorado, Boulder, Jackson, Florida, Mississippi, Boulder .

☆ Exclusive: Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources
▼ + stars: | 2023-10-13 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

The fund's plans and the size of its stake in News Corp could not be learned. News Corp declined to comment and Starboard did not respond to a request for comment. Starboard, which has pushed for changes at companies ranging from Salesforce (CRM.N) to Darden Restaurants (DRI.N), would struggle to shake up News Corp without Murdoch's consent. Irenic did succeed in drumming up investor opposition to Murdoch's proposed merger with his other company Fox Corp (FOXA.O), forcing him to abandon the plan. Reporting by Svea Herbst-Bayliss in New York Editing by Greg Roumeliotis and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Rupert Murdoch, Lachlan Murdoch, Bing Guan, Jeffrey Smith, Rupert Murdoch's, Smith, Murdoch, Dow Jones, Irenic, Murdoch's, Lachlan, Svea Herbst, Bayliss, Greg Roumeliotis, David Gregorio Our Organizations: News Corporation, News Corp, Fox, REUTERS, 13D, Investment, New York Times Co, Darden, Corp, Irenic Capital Management, Wall Street, Fox Corp, Reuters, Svea, Thomson Locations: New York, U.S

☆ Australia Voice referendum: Voters urged to 'choose love' as polls show referendum poised to fail
▼ + stars: | 2023-10-13 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +6 min

A No campaign worker hands out leaflets outside an early voting center on October 4, in Ballina, Australia. “But it’s also about love of ourselves, whether we have the courage to love what Australia is. Lisa Maree Williams/Getty ImagesNo love for Yes campaignHowever, a leading No campaigner mocked Pearson’s speech, accusing the Yes campaign of promoting empty slogans. “The Yes campaign, it’s the vibe. If the referendum fails, Albanese said he will respect the democratic vote of the nation and won’t legislate a Voice to Parliament.

Persons: Anthony Albanese, –, James D, Morgan, Albanese, Stringer, ” Albanese, it’s, Noel Pearson, ”, Pearson, Amar Singh, Rachel Perkins, Lisa Maree Williams, they’ve …, Nyunggai Warren Mundine, Mundine, “, you’ve, ’ ”, there’ll, we’ve, ” Mundine, “ We’re Organizations: Australia CNN, Nations, Aboriginal, Torres Strait Islanders, Voice, Australian, Getty, National Press Club, Australian Broadcasting, Indigenous Locations: Brisbane, Australia, Ballina, Uluru, AFP, Sydney

☆ Here's a 5-step guide for frequent business travelers to unlock productive and stress-free trips
▼ + stars: | 2023-10-13 | by ( Sponsor Post | Created Insider Studios With Ihg | ) www.businessinsider.com time to read: +6 min

Consider this guide your roadmap for transforming your next business trip into a stress-free and enjoyable experience. Over 5,000 IHG hotels worldwide now offer Wi-Fi Auto Connect – an effortless way to automatically join the internet without separate login codes or passwords. Enrolling in IHG Business Rewards also earns frequent business travelers points every time you book accommodations, meetings, and events. Learn how IHG Hotels & Resorts can accommodate your next business trip. This post was created by Insider Studios with IHG Hotels & Resorts.

Persons: it's, shouldn't Organizations: JTB Business, Resorts, Insider Studios, IHG Hotels Locations: American, Lion City, Crowne, InterContinental

☆ 3D-weaving tech that uses body-scan data from shoppers could mean a better fit, fewer returns, and a zero-waste future for fashion
▼ + stars: | 2023-10-12 | by ( Jake Hall | ) www.businessinsider.com time to read: +10 min

But 3D manufacturing, including printing and weaving, is helping create a zero-waste future. AdvertisementAdvertisementIn the late 1990s, the designer Issey Miyake unleashed his game-changing A-POC project, an early attempt at zero-waste fashion. Existing innovations are being fine-tuned daily, and creators are dreaming up ways to turn zero-waste fashion from a utopian dream into a reality. Despite these restrictions, Pasricha's designs were proof that zero-waste 3D printing was possible, especially with small designs such as buttons and jewelry. AdvertisementAdvertisementThe tech isn't there yet to ensure a zero-waste fashion industry, for various reasons.

Persons: —, Issey Miyake, Kevin Martin, Ashley Batz, Unspun, Martin, you'll, Catherine University's, Pasricha, Iris van Herpen, Martin lauds, Vega Organizations: Service, Oakland microfactory, Rhino Locations: California, Lam, — St

☆ Putin says he can be a peacemaker in Israel — but he has far more to gain from prolonging the war
▼ + stars: | 2023-10-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

The Kremlin says Putin wants to act as mediator in the Israel-Hamas war. But Putin has little to gain from bringing an end to the conflict. AdvertisementAdvertisementAs violence erupted between Israel and Hamas this week, the Kremlin sought to cast Russian President Vladimir Putin in the role of peace broker. They say Putin has more to gain, not by bringing a swift end to the conflict, but by prolonging it to further Russia's strategic goals, notably in Ukraine. Abbas Gallyamov, a former speechwriter for Putin, told CBC News that Russia had become an "Iran proxy" in the region, like Hamas or Hezbollah.

Persons: Putin, —, Vladimir Putin, Dmitry Peskov, Peskov, We've, shouldn't, Ukraine Putin, Ukraine's, Robert Dover, Aleksandar Vucic, Benjamin Netanyahu, ALEXEY DRUZHININ, Ann Marie Dailey, Bashar al, Assad, Arkadi Doubnov, Le, Abbas Gallyamov, you've, Gallyamov Organizations: Kremlin, Service, Intelligence, National Security, University of Hull, Getty, Rand Corporation, Bloomberg, Hull University, Hamas, CBC News Locations: Israel, Russian, Russia, Gaza, Palestine, Ukraine, Dover, Serbian, Moscow, AFP, Saudi Arabia, Soviet Union, Iran, Israeli, India, South Africa, China, Tehran

☆ Afghanistan coach Trott sees progress despite second World Cup defeat
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

Trott said it was a brave decision to bat first but admitted they were well short on a "350-360 wicket". Trott said his players would have benefited from having the match at the same venue where they play defending champions England on Sunday. Afghanistan are playing at their third World Cup and have now lost 16 of their 17 matches, their only victory coming against Scotland in 2015. "Azmat played really well, stepping up to number five and showing the talent and the pedigree that he's got as an all-rounder," Trott said. "So those are the things we're looking to get right going forward and get ready for England."

Persons: Arun Jaitley, India's Virat Kohli, Shreyas Iyer, Anushree, Jonathan Trott, Rohit Sharma, Trott, " Trott, Hashmatullah Shahidi, Azmatullah Omarzai, Azmat, he's, Rohith Nair, Peter Rutherford Organizations: Cricket, ICC Cricket, REUTERS, England, Scotland, Thomson Locations: India, Afghanistan, New Delhi, DELHI, Delhi, Bangladesh, England, Bengaluru

☆ When your AI says she loves you
▼ + stars: | 2023-10-12 | by ( Rob Price | ) www.businessinsider.com time to read: +36 min

The messaging app let users build a "personal AI" complete with a 3D avatar and an upbeat, down-for-anything texting style. "Seems like AI will replace many human artists," Jay told Calisto in August 2022. Within a year, he was also using AI technology for work, as his firm experimented with generative AI to help draft legal papers. Former Replika users fled to various upstart companion apps that were popping up, like Chai, Paradot, and Soulmate AI. (Soulmate AI later closed down in September 2023, leaving a new wave of users mourning their AI companions all over again.)

Persons: Jay Priebe, they'd, Jay, Calisto, Callisto —, Apollodorus, Callisto, who'd, Jay's, didn't, Jay didn't, Tim Evans, me, Joseph Weizenbaum, Eliza, Weizenbaum, it'll, Replika, Eugenia Kuyda, Siri, Michael Macor, Roman Mazurenko, Luka, Kuyda, chatbots, he'd, Jaswant Singh Chail, Queen Elizabeth II, Chail, Willie —, —, Willie, gamely, Luka —, wouldn't, John, — sexting, Dylan Thomas, Rina, haven't, she'd, I'd, Overripe, Joi, Samantha, Ava, Calisto didn't, unshakable, wasn't, Jay hunched Organizations: Luka, San Francisco, Getty, Windsor, Facebook, Twitter, Reps, AIs Locations: Minneapolis, Twin Cities, Europe, Moscow, San Francisco, America, Replika, Washington, Britain, Mississippi, North Carolina, Texas, Damascus, Chai, California, New York, Northeast Minneapolis, artsy, Japan, Switzerland

☆ When your AI girlfriend says she loves you
▼ + stars: | 2023-10-12 | by ( Rob Price | ) www.businessinsider.com time to read: +36 min

☆ New Zealand 's Williamson back for Bangladesh match, Southee to sit out
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

CHENNAI, India, Oct 12 (Reuters) - New Zealand captain Kane Williamson will play his first match of the World Cup against Bangladesh on Friday but fast bowler Tim Southee will continue on the sidelines, the 33-year-old batter said on Thursday. Experienced fast bowler Southee has been recovering following surgery on his fractured right thumb. "Tim's progressing well, but won't be playing tomorrow's game," Williamson, who led his team to the final of the 2019 edition of the tournament, told reporters. Williamson said they drew inspiration from the All Blacks, New Zealand's three-time World-Cup winning rugby team, who face Ireland in the tournament's quarter-finals on Saturday. Looking at their next match, Williamson said New Zealand could not afford to underestimate Bangladesh especially at a spin-friendly venue like Chennai.

Persons: Kane Williamson, Tim Southee, Williamson, Southee, Tim's, it's, Amlan Chakraborty, Toby Davis Organizations: New Zealand, Bangladesh, England, World, Blacks, rugby, Thomson Locations: CHENNAI, India, New, Netherlands, England, New Zealand, Bangladesh, Chennai, New Delhi

☆ Taco Bell throws shade at McDonald's with debut of 'premium' nuggets. 'This is real chicken.'
▼ + stars: | 2023-10-12 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Taco Bell is testing Crispy Chicken Nuggets made with all white meat. Chain reps threw shade at rivals like McDonald's when describing the quality of the Taco Bell nuggets. Taco Bell is also going after McDonald's at breakfast with the nationwide debut of breakfast tacos. According to McDonald's website, "McDonald's Chicken McNuggets are made from 100% chicken breast meat. Taco Bell rolling out Toasted Breakfast Tacos nationwideTaco Bell says its new toasted breakfast tacos are part of a plan to step up the chain's breakfast game.

Persons: Taco, Bell, —, Jessica Perri, Chef Brett Pluskalowski, didn't, Taco Bell, Nancy Luna, that's, Pluskalowski, Honey, Perri, There's, Jessica Wilson, Wilson, Taco Bell Taco Bell, Mark King, King Organizations: Taco Bell, Bell, Service, Taco, Minneapolis . Locations: Irvine , California, Minneapolis

☆ Rubik's Cube-owner Spin Master to buy Melissa & Doug for $950 million
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Oct 11 (Reuters) - Canadian toys and games-maker Spin Master (TOY.TO) said on Wednesday that it has agreed to buy U.S.-based toy-maker Melissa & Doug for $950 million in cash, taking the shares of the Rubik's Cube owner up nearly 8% in early trade. The move comes days after Spin Master signed a deal with the retailing and licensing division of Paramount Global (PARA.O) for a new animated series in the well-known Dora the Explorer franchise. Spin Master said it expects the Melissa deal, which includes $500 million in debt financing, to be immediately accretive to its earnings per share. Melissa & Doug makes toys for children in the preschool ages, and is known for its wooden jigsaw puzzles. Spin Master, which also owns the popular children's cartoon adventure series PAW Patrol, has a market capitalization of C$3.50 billion ($2.57 billion) as of stock's last close.

Persons: Melissa, Dora, Juveria Tabassum, Shailesh Organizations: Spin, Paramount Global, Explorer, Thomson

☆ Here's a rapid-fire update on all 36 stocks in our portfolio, including our latest addition
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia

Former crypto hedge fund Alameda Research CEO Caroline Ellison finds and points out Sam Bankman-Fried during Bankman-Fried's fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 10, 2023, in this courtroom sketch. REUTERS/Jane Rosenberg/File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 11 (Reuters) - Caroline Ellison, the former co-head of Sam Bankman-Fried's hedge fund and a pivotal witness in his trial on fraud charges tied to the collapse of his FTX cryptocurrency exchange, is scheduled to retake the stand on Wednesday morning. Ellison, the former co-chief executive of Alameda Research, testified on Tuesday that she was part of a multibillion-dollar conspiracy led by Bankman-Fried to defraud FTX customers, investors and lenders. Ellison said the hedge fund took about $10 billion in FTX customer funds to repay its debts and make investments. A third cooperating witness, former FTX engineering chief Nishad Singh, is also expected to testify at the trial, which could last up to six weeks.

Persons: Caroline Ellison, Sam Bankman, Jane Rosenberg, Ellison, FTX, Bankman, shrugged, Fried, Mark Cohen, Gary Wang, Nishad Singh, Jody Godoy, Luc Cohen, Noeleen Walder, Matthew Lewis Organizations: Alameda, Federal Court, REUTERS, Alameda Research, Bankman, Manhattan U.S, Stanford University, Prosecutors, Thomson Locations: FTX, New York City, U.S, Alameda, New York

Ellison said the hedge fund, Alameda Research, took about $10 billion in FTX customer funds to repay its debts and make investments. Gary Wang, FTX's former technology chief, testified that Bankman-Fried falsely tweeted that FTX was "fine" in November as the exchange faced surging demand for withdrawals. Bankman-Fried left in 2017 to found Alameda, and Ellison followed when he offered her a job as a trader. "He was very ambitious," Ellison told the court. In testimony that could undermine that argument, Ellison said she always consulted Bankman-Fried on big decisions and always deferred to him.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Ellison, FTX, Fried, Mark Cohen, Gary Wang, Nishad Singh, Bankman, Jane, Joe Biden's, Cohen, District Judge Lewis Kaplan, Luc Cohen, Jody Godoy, Noeleen Walder, Nick Zieminski, Matthew Lewis Organizations: REUTERS, Alameda Research, Manhattan U.S, Prosecutors, Alameda, Bankman, Wall, Ellison, New York Times, Times, District, Thomson Locations: New York, U.S, Alameda, FTX

In the memo, Bankman-Fried called Alameda's failure to hedge its bets a "mistake." When Everdell asked if the decision not to hedge was Ellison's, Wang replied that she was Alameda's CEO at the time. Prosecutors said last week they planned to call Ellison to take the stand once Wang finishes his testimony. She was seen entering the courthouse on Tuesday morning wearing a blue baseball cap and sunglasses, and carrying a blue thermos. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Christian Everdell's, Gary Wang, Everdell, Wang, Ellison, Prosecutors, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis, Nick Zieminski Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Manhattan, Brooklyn's, Alameda, Washington ,

☆ Malan smashes 140, England amass 364-9 v Bangladesh
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

DHARAMSALA, India, Oct 10 (Reuters) - Opener Dawid Malan smashed 140 and forged century-plus partnerships with Jonny Bairstow and Joe Root to help England rack up 364-9 against Bangladesh in their second match of the 50-overs World Cup on Tuesday. Malan combined with Bairstow in a 115-run opening stand to give England a terrific start after being put into bat by Bangladesh captain Shakib Al Hasan. Even after Bairstow departed for 52, there was no respite for Bangladesh as Malan raised 151 runs with Root, whose 82 followed his 77 in the tournament opener against New Zealand. Malan clobbered five sixes and 16 fours in his 107-ball blitz before losing his off-stump to spinner Mahedi Hasan (4-71). England lost a clutch of wickets in quick successions and could not make the most of their final 10 overs.

Persons: Malan, Jonny Bairstow, Joe Root, Shakib Al Hasan, Bairstow, Root, Graham Gooch, England's, Malan clobbered, Mahedi Hasan, Jos Buttler, Liam Livingston, Sam Curran, Reece Topley, Moeen Ali, Amlan Chakraborty, Peter Rutherford Organizations: Bangladesh, Bairstow, New, England, New Zealand, Thomson Locations: DHARAMSALA, India, England, Bangladesh, New Zealand, Jos, New Delhi

☆ Sam Bankman-Fried's ex-girlfriend set to take stand as fraud trial's star witness
▼ + stars: | 2023-10-10 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

REUTERS/Eduardo Munoz//File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 10 (Reuters) - Sam Bankman-Fried's fraud trial is set to resume on Tuesday with testimony from his former colleagues at the now-bankrupt FTX cryptocurrency exchange, including his onetime girlfriend Caroline Ellison. Prosecutors said last week they planned to call Ellison, the former co-chief executive officer of Bankman-Fried's Alameda Research hedge fund, to take the stand once Wang finishes his testimony. U.S. District Judge Lewis Kaplan said that likely amounted to witness-tampering, and on Aug. 11 revoked Bankman-Fried's bail. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial. Reporting by Luc Cohen and Jody Godoy in New York; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Gary Wang, Prosecutors, Ellison, Wang, Ellison's, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Alameda, Brooklyn's, Manhattan, Washington ,

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