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Defense lawyers also had requested a no-prison sentence for Ellison, who had run Alameda Research , a hedge fund connected to FTX. Kaplan allowed Ellison to remain free on bail until she surrenders to prison either on or after Nov. 7. He was sentenced to 25 years in prison in March and also was ordered to pay $11 billion in forfeiture by Kaplan. On Tuesday, before sentencing Ellison, Kaplan contrasted her conduct after she was charged with that of Bankman-Fried. Both Bankman-Fried and Ellison had faced the same statutory maximum sentence of about 110 years in prison for their crimes.
Persons: Ellison, Lewis Kaplan, Caroline Ellison, Sam Bankman, Kaplan, I've, Miss Ellison, FTX spiraled, Ellison's Organizations: Alameda Research, federal, Department Locations: New York, U.S, Manhattan, FTX
Washington CNN —During his presidency, Donald Trump talked repeatedly about the terrorist attacks that occurred in the United States on his watch. Now, though, he keeps saying he presided over no terror attacks at all. Throughout his 2024 presidential campaign, Trump has lied that there were zero terror attacks during his presidency. There were numerous terror attacks during his presidency, including high-profile jihadist attacks in his hometown of New York City. Other terror attacks under TrumpThere were a variety of other terrorist attacks during Trump’s presidency.
Persons: Donald Trump, , Trump, , Steve Scalise Organizations: Washington CNN, CNN, New, Trump, ISIS, ” Trump’s, Department, White, Republican, Democratic Locations: United States, New York, , Pittsburgh, El Paso, California, Pennsylvania, New York City, Saudi, Florida, al Qaeda, Virginia, Texas
Learn moreThe Madewell Insiders event is here, and everything is at least 25% off in stores and online. Sale items are an additional 40%, so there are savings around every corner. At its base plan, Madewell Insiders get free shipping and handling, a birthday gift, and access to sales like this, among other perks. The best discounts come from items that are already on sale because those get an additional 40% discount, making most sale items well over half-off. Check out some of the best items from the Madewell Insiders event below.
Organizations: Business, PT, Insiders, Amazon Prime
Reuters —Russia appears to have suffered a “catastrophic failure” in a test of its Sarmat missile, a key weapon in the modernization of its nuclear arsenal, according to arms experts who have analyzed satellite images of the launch site. It’s a big hole in the ground,” said Pavel Podvig, an analyst based in Geneva, who runs the Russian Nuclear Forces project. A September 21 satellite image shows a closer view of the launch site after the apparent launch failure. Maxar TechnologiesIISS analyst Wright said a test failure did not necessarily mean that the Sarmat program was in jeopardy. “However, this is the fourth successive test failure of Sarmat which at the very least will push back its already delayed introduction into service even further and at most might raise questions about the program’s viability,” he said.
Persons: Maxar, , Pavel Podvig, Timothy Wright, James Acton, Vladimir Putin, Satan, Putin, Sergei Shoigu, Wright, Moscow –, Nikolai Sokov Organizations: Reuters, Plesetsk, Russian Nuclear Forces, International Institute for Strategic Studies, Carnegie Endowment, International Peace, Technologies, SS, Design, Moscow Institute of Thermal Technology Locations: Russia, United States, Europe, Geneva, London, Ukraine, Moscow, Plesetsk, Arkhangelsk, Russian, Soviet
Though the judge spoke favorably about Ellison, he said that he could not let her off scot-free. "Her physical appearance has been the subject of internet fascination and scrutiny," her lawyer, Anjan Sahni, told the judge at the Tuesday sentencing hearing. Advertisement"She had a crush on him from the beginning," Sahni told the judge in the sentencing hearing. Related stories"I found myself drifting away," Ellison told the judge in her own remarks Tuesday. "Numerous films and TV shows are in production about the downfall of FTX, which will only perpetuate the public scrutiny Ellison has faced to date," prosecutors wrote in a filing ahead of the sentencing hearing.
Persons: , Caroline Ellison —, Sam Bankman, Lewis Kaplan, Ellison, she's, Kaplan, Bankman, scot, FTX, Anjan Sahni, Fried, New York Times —, Jane Street, Sahni Organizations: Service, Bankman, Business, Alameda Research, New York Times, Prosecutors Locations: Manhattan, Bankman
The latest poll finds Harris and Trump roughly even with independent likely voters – Harris at 45% to Trump at 41% - with a gender gap that is centered among independents. Harris is well ahead among likely voters younger than 30 (55% support her to 38% who favor Trump), and among Black (79% Harris to 16% Trump) and Latino (59% Harris to 40% Trump) likely voters. Likely voters overall say they trust Trump over Harris to handle the economy (50% Trump to 39% Harris), immigration (49% Trump to 35% Harris) and foreign policy (47% Trump to 40% Harris). Likely voters generally favor Harris’ approach on abortion and reproductive rights (52% Harris to 31% Trump), uniting the country (43% Harris to 30% Trump), and protecting democracy (47% Harris to 40% Trump). Likely voters include all registered voters in the poll weighted for their predicted likelihood of voting in this year’s election.
Persons: Kamala Harris, Donald Trump, Harris, SSRS, Libertarian Chase Oliver, Jill Stein, Trump, Harris ’, That’s, Joe Biden, – Harris, outpacing Trump, Trump’s, Tim Walz, Ohio Sen, JD Vance, Hillary Clinton, Clinton Organizations: CNN, Trump, Libertarian, Green Party, Democratic, Independent, White, Minnesota Gov, Voters, Republican
Smartsheet — Shares surged more than 6% after Blackstone and Vista Equity Partners agreed to buy the software maker for $56.50 a share in cash, or about $8.4 billion . Unless another offer is made, the deal is expected to close by January 2025, pending shareholder approval. China stocks — Shares of Chinese companies soared after China's central bank unveiled a host of stimulus measures . Thor earned $1.68 per share on $2.53 billion in revenue in its fiscal fourth quarter. Flowserve — The stock moved nearly 5% higher after Bank of America reiterated a buy rating, saying its exposure to nuclear power is "underappreciated."
Persons: Alibaba, Li, Thor, LSEG, Morgan Stanley, BioNTech, Guggenheim, Joseph, Alex Harring, Samantha Subin, Lisa Kailai Han, Jesse Pound, Sarah Min Organizations: Bloomberg, Justice Department, Blackstone, Vista Equity Partners, JD.com, PDD Holdings, Li Auto, Thor Industries, Arlo Technologies, Bank of America, GE, Joseph Osha Locations:
Read previewOn Tuesday, a judge will decide what sentence to give Caroline Ellison, who pleaded guilty to conspiring with Sam Bankman-Fried in an $11 billion fraud scheme. Ellison's sentencing sets up a high-stakes balancing test. She still participated in a massive fraud scheme, after all, the value of which he put at $11 billion. Ellison was the SBF trial's star witnessEllison pleaded guilty to fraud and money laundering for her role in the FTX scandal. Because the Bankman-Fried case went to trial, Kaplan has a lot of information at his disposal when deciding Ellison's sentence.
Persons: , Caroline Ellison, Sam Bankman, Lewis Kaplan, Bankman, Fried, Ellison, Kaplan, FTX, cooperators, Sarah Krissoff, Cozen O'Connor, Joshua Naftalis, That's, Naftalis, Fried JANE ROSENBERG, John J, Ray III, Ryan Salame, Salame's, Gary Wang, Nishad Singh, Ellison's, Krissoff Organizations: Service, Business, Alameda Research, LLP, Prosecutors, Fried JANE ROSENBERG Prosecutors, Securities Exchange Commission, Commodity Futures Trading Commission, Government, MIT, Bankman Locations: Bankman, Manhattan, Alameda, New York, Brooklyn
Even so, the share of people working remotely and hybrid has ticked up in the last year, while those working from an office full-time declined, according to a new report. Another 11% say they work fully remotely, up from 7% in the last year, according to the report. The remaining 62% say they work from a physical office five days a week, down from 66% this time last year. It's "a surprise" to see remote and hybrid work increase slightly in what's shaping up to be "the year of the mandate," says Frank Weishaupt, CEO of Owl Labs. But hybrid workers continue to face challenges in what they want versus what their employers require.
Persons: Frank Weishaupt Organizations: Amazon, Citigroup, Walmart, UPS, Owl Labs
Around 100 demonstrators were present on the prison grounds protesting capital punishment and Williams’ execution, Pojmann said. Williams’ team filed a clemency petition to the US Supreme Court last week, noting Missouri’s previous governor had postponed Williams’ execution indefinitely amid questions about the integrity of Williams’ trial. Eric Greitens previously halted Williams’ execution and formed a board to investigate his case and determine whether he should be granted clemency. “The Board investigated Williams’ case for the next six years — until Governor Michael Parson abruptly terminated the process,” Williams’ attorneys wrote. “The Governor’s actions have violated Williams’ constitutional rights and created an exceptionally urgent need for the Court’s attention,” Williams’ attorneys said in court documents.
Persons: Marcellus Williams, Williams, Williiams, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Felicia Gayle, Gayle’s, Mike Parson, Trevor Foley, , Larry Komp, ” Komp, Tricia Rojo Bushnell, CNN’s Jake Tapper, doesn’t, Governor Parson, Parson, Louis County, Williams ’, ” Williams, Karen Pojmann, Imam Jalahii Kacem, Pojmann, Andrew Bailey, Wesley Bell, Louis, ” Bailey, Jonathan Potts, Michael Spillane, ” Spillane, “ Mr, ” Parson, , – Williams, Alford, general’s, Eric Greitens, Michael Parson, ” CNN’s Dakin Andone, Lauren Mascarenhas, John Fritze, Jennifer Hauser Organizations: CNN, US, , Missouri Department of Corrections, NAACP, Williams, of Corrections, Attorney’s Office, Missouri Attorney General’s, Jail, Court, Missouri Supreme, Republican Gov, Supreme, Attorney’s, GOP Gov Locations: Missouri, Bonne Terre, St, Louis
CNN —After more than five decades at the forefront of United States foreign policy, President Joe Biden may have hoped to use his speech to over a hundred world leaders at the United Nations General Assembly in New York to burnish both his own legacy and the country’s leadership on the world stage. “The world has changed, and the world’s gotten more difficult in many ways,” one senior administration official said. Election loomingIn New York, world leaders will find themselves grappling with the growing list of global flashpoints – all while an election just weeks away looms over the US’ role as the democratic world’s champion, benefactor and leading arms supplier. While Biden will be formally representing the US at the table, former president Donald Trump and Vice President Kamala Harris are separately meeting with world leaders to bolster relationships and outline their own goals. This will be followed by a meeting focused on Ukraine reconstruction with world leaders – a critical topic ahead of Biden’s meeting with Zelensky later this week.
Persons: Joe Biden, Biden, ” Biden, ” –, Ukraine –, Volodymyr Zelensky, , Donald Trump, Kamala Harris, , We’re, ” Ali Zaidi, Zelensky, Sheikh Mohamed bin Zayed Al Nahyan, we’re, Linda Thomas, Greenfield, Jon Alterman, ” Alterman, ” Thomas, Organizations: CNN, United, United Nations General Assembly, General, White House White, Global Coalition, United Nations, Hezbollah, UN Security Council, UN, Center for Strategic, International Studies, US, Biden Locations: United States, New York, Israel, Lebanon, Gaza, Ukraine, Lebanon’s, Russia, China, White, Vietnam, Southeast Asia, Australia, India, Japan, Wilmington, United Arab Emirates, Sudan, , Africa, Greenfield
The international poverty line, which the U.N. uses to measure global poverty, is very low. The international poverty line is valuable because it has succeeded in drawing the world’s attention to the extreme poverty of the world’s very poorest people. But to end poverty in all its forms everywhere, studying this poverty line alone is not enough. One way to see whether this higher poverty line is reasonable is to check whether it aligns with established national poverty assessments. For this, we need an appropriately ambitious poverty line that receives the same attention as the low international poverty line.
Persons: Michail Moatsos, , Lant Pritchett, Lyndon Johnson Organizations: The New York Times, Getty Images, United Nations General Assembly, Democratic, Bank, World Bank Locations: adulthood.Today, New York City, Mozambique, Democratic Republic of Congo, , Bolivia, Nigeria, India, United States, Denmark, Switzerland, Netherlands, Norway
Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Caroline Ellison was the star witness in the criminal case against disgraced FTX founder Sam Bankman-Fried. Bankman-Fried and Ellison are both, in the eyes of the U.S. judicial system, guilty of the same crimes. Two counts of wire fraud, two counts of conspiracy to commit wire fraud, one count of conspiracy to commit securities fraud, one count of conspiracy to commit commodities fraud, and one count of conspiracy to commit money laundering. Unlike Bankman-Fried, Ellison agreed to a plea deal in December 2022.
Persons: Caroline Ellison, Sam Bankman, Fried, Ellison Organizations: Alameda Research, CNBC Locations: New York
CNN —A diamond necklace that has been worn at two British coronations, and is thought to have stones from the infamous necklace at the heart of a Marie-Antoinette scandal, is expected to fetch up to $2.8 million at auction. PA Images/Getty ImagesAfter the family parted with the diamond piece in the 1960s, it was exhibited in the American Museum of Natural History before being acquired by a private collector. Sotheby'sThe piece consists of three rows of diamonds that trail on either side into a diamond tassel. A glittering scandalSome of the diamonds from the necklace may have come from the piece at the heart of the “Affair of the Diamond Necklace” scandal, according to the auction house. The necklace, in the hands of a trickster, had in the meantime actually been broken up and sold in London.
Persons: Marie, Antoinette, Royal, Noble, Sotheby’s, Marjorie Paget, marchioness of, King George VI, Queen Elizabeth II, Lady Woolton, Marquess, Marchioness, , Andres White Correal, Hope Diamond, Louis XVI, of, Queen Organizations: CNN, Westminster Abbey, American Museum of Locations: Sotheby’s, London, Geneva, Switzerland, Anglesey, marchioness of Anglesey, Europe, Middle, Golconda, of France
Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week. Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week. Brent crude futures for November were up 21 cents, or 0.3%, at $74.11 a barrel at 0030 GMT. "The oil market has been concerned that rising tensions in the region were dragging the OPEC oil producer closer to engagement," said ANZ bank said in a note, referring to Iran. U.S. oil producers were evacuating staff from Gulf of Mexico oil production platforms as forecasters predicted the second major hurricane in two weeks could tear through offshore oil producing fields.
Organizations: Brent, Hezbollah, ANZ, U.S, National Hurricane Center Locations: Israel, U.S, Lebanon, Iranian, Hamas, Gaza, Iran, Gulf Coast, Gulf, Mexico, Cuba
Read previewDown rounds and flat rounds for VC-backed startups have hit an all-time high this year since 2014. And AI startups, which have been the darlings of the tech ecosystem since late 2022, aren't exempt from the trend. The deal was seen by some investors as an omen for a wider phenomenon in the AI ecosystem — an impending wave of flat rounds and down rounds. "Investors went crazy for AI startups with zero revenue, at higher valuations, which will be an issue," said Umesh Padval, managing director at Thomvest Ventures. Down rounds are on the riseIn 2022, 90.2% of AI startups in the US raised up rounds, while 6.5% raised down rounds, according to PitchBook data.
Persons: , we've, Andreas Riegler, Umesh Padval, Padval, Francesco Ricciuti Organizations: Service, Microsoft, Business, Big Tech, APEX Ventures, Jasper, Google, Thomvest Ventures, Runa Locations: London
After the U.S. Federal Reserve cut interest rates by a bumper 50 basis points , investors have been left wondering whether growth or value stocks are the best bet. On CNBC's upcoming Pro Talks , Silvia Amaro will ask value investor Sean Peche where he sees opportunities in the current market. Peche is portfolio manager at the U.K.-based Ranmore Fund Management and manages its $329 million Ranmore Global Equity Fund . As of Aug. 31, the Ranmore Global Equity Fund has returned 21.6% over the last year, underperforming its benchmark MSCI World Index's 24.4%. CNBC Pro subscribers can watch Pro Talks live on Wednesday, Sept. 25, at 7 a.m.
Persons: Silvia Amaro, Sean Peche, He'll, Warren Buffett, Eli Lilly, ager, CNBC's Silvia Amaro Organizations: U.S . Federal Reserve, Ranmore Fund Management, Global Equity Fund, Investors, Ranmore, Equity, Petrobras, Baidu, ABN Amro, Ranmore Global Equity Fund, Decillion Fund Management, Orbis Investment Advisory, CNBC, Beyond Locations: Carrefour, China, U.S, London
But Moscow doesn't appear ready to acknowledge that it's not in a financial position to cut Europe off from its natural gas exports completely. Russia's oil and gas revenues hit 8.82 trillion rubles, or $94.6 billion, in 2023. That's 24% lower than the 11.6 trillion rubles it recorded in 2022, when revenues jumped due to oil price volatility. In 2021, Russia's oil and gas sales revenue stood at 9 trillion rubles. To be sure, other geopolitical factors could also be playing into Russia's decision to keep natural gas exports moving into Europe.
Persons: , it's, Sergey Lavrov, Lavrov, It's, There's, Naftogaz Organizations: Service, Sky News Arabia, Russian, Business, West, P, Oxford Institute for Energy Studies, Bloomberg Locations: Moscow, Russia, Europe, United States, Ukraine, Nord, Ukraine's
The asteroid, dubbed 2024 PT5, is 33 feet long — roughly equivalent to a standard school bus. The asteroid is expected to enter Earth’s orbit Sunday and lurk there until Nov. 25, just over 56 days, Marcos said. Astronomers in Arizona spotted a different visiting mini-moon — a tiny asteroid named 2020 CD3 — in Earth’s orbit in February 2020. “A short mini-moon episode may last hours, days, weeks or a few months, and the affected object does not complete one revolution around Earth,” he said in an email. An early warning system for asteroids known as ATLAS (short for Asteroid Terrestrial-impact Last Alert System) discovered 2024 PT5 in early August.
Persons: , Carlos de la Fuente Marcos, Marcos, It’s, ” Marcos Organizations: American Astronomical Society, Gran, Canarias, NASA, University of Hawaii Locations: Spain, Arizona, Canary
LOS ANGELES — Former Southern California football star Reggie Bush has filed a lawsuit against his school, the NCAA and the Pac-12 in a bid to recoup money made on his name, image and likeness during his career with the Trojans two decades ago. “It’s about setting a precedent for the fair treatment of all college athletes. Bush forfeited his Heisman in 2010 after USC was hit with massive sanctions partly related to Bush’s dealings with two aspiring sports marketers. There is a settlement agreement in place to pay $2.78 billion to hundreds of thousands of college athletes. The NCAA changed its rules in 2021 to allow athletes to make money through sponsorship and endorsement deals after fiercely fighting against it for decades.
Persons: Reggie Bush, Reggie Bush’s, , Evan Selik, , ” Bush, Bush, ” Levi McCathern, USC didn’t, Denard Robinson, Braylon Edwards Organizations: ANGELES, Former Southern California, NCAA, USC, Heisman, Trust, Coliseum, Associated Press, Michigan, Big Ten, NC, Collegiate Licensing Company
A Colorado jury on Monday rejected an insanity defense and convicted the man who gunned down 10 people at a Boulder supermarket three years ago of murder. Ahmad Alissa, 25, was found guilty on all 55 charges, including 10 counts of first-degree murder, in the March 22, 2021, assault at King Soopers. Alissa remained seated as the verdicts were read and didn’t appear to show any demonstrative reaction. Responding Boulder Police Officer Eric Talley, 51, was the first law enforcement agent to arrive at the King Soopers when he was killed. "There are no words that describe how much we love and miss him," Nicolina Stanisic told the court during the sentencing phase after the verdict.
Persons: Ahmad Alissa, King Soopers, Ingrid Bakke, Alissa, hadn’t, Whitney Traylor, “ I’m, ” Traylor, ” Alissa, Eric Talley, Soopers, Talley, Denny Stong, Neven Stanisic, Rikki Olds, Tralona Bartkowiak, Suzanne Fountain, Teri Leiker, Kevin Mahoney, Lynn Murray, Jody Waters, Ali Aliwi Alissa, KUSA, Nicolina Stanisic, There's Organizations: NBC, Boulder Locations: Colorado, Boulder, Denver, Arvada
NBC News takes a look at the hostages who remain in Hamas captivity. Other hostages have been found dead, including the six who were killed by Hamas last month. Hamas also holds two hostages, one taken in 2014 and the other in 2015, as well as the bodies of two slain Israeli soldiers. And after the recent killing of the six hostages in Gaza, Hamas said that hostage guards had been operating under new orders. Judith Weinstein, 70, and Gadi Haggai, 73Married couple Judith Weinstein and Gadi Haggai, both American citizens, were initially believed to have been taken hostage by Hamas, but their statuses were unclear.
Persons: Lee Siegel, Keith Siegel, Aviva Siegel, Lee, , Noa Argamani, — Alon Shamriz, Yotam Haim, Samer Talalka —, Hersh Goldberg, — Nik Beizer, Ron Sherman, Elia Toledano, Siegel, Omri Miran, Miran, Keith, Chen, Nir Oz, Jonathan Dekel, Abu Ubaida, Al, Edan Alexander, , , Yael Alexander, Omer Neutra, NBC's, Hersh, Neutra’s, Orna Neutra, Itay Chen, Ruby, Hagit Chen, Judith Weinstein, Gadi Haggai, Joe Biden Organizations: Aviva, NBC, Israel Defense Forces, Sunday, Hamas, Brigades Locations: Israel, Gaza, American, shrouds, New Jersey
The new offer raised pay, reinstated annual bonuses and increased a bonus that would be given upon the contract’s ratification, among other changes, Boeing said on its website. It also doubled the ratification bonus to $6,000, reinstated an annual machinist bonus and raised the company’s 401(k) match. The labor union, the International Association of Machinists and Aerospace Workers, didn’t immediately comment on the offer. Both Boeing and the union said they were disappointed with negotiations last week. The strike came as workers voted 94.6% against the previous proposal that the union had endorsed.
Persons: didn’t, group’s, Kelly Ortberg, Ron Epstein Organizations: Boeing, International Association of Machinists, Aerospace Workers, Bank of America, CNBC Locations: Renton , Washington, Seattle
WASHINGTON — Crime, including serious violent incidents like murder and rape, dropped nationally from 2022 to 2023, according to new data released by the FBI on Monday. Violent crime was down about 3% from 2022 to 2023 and property crime took a similar drop of 2.4%, the FBI reported in its annual "Summary of Crime in the Nation." Preliminary numbers showed that 2024 crime numbers were also dropping for the early part of this year, continuing a trend of crime easing as America has come out of the pandemic. (Store closures and COVID-19 security measures likely decreased shoplifting in 2020 and 2021, and may have affected 2022 incidents as well.) But the violent crime rate dropped from 2022 to 2023, from 377.1 violent crimes per 100,000 people in 2022 to 363.8 violent crimes per 100,000 people in 2023, the new FBI data shows.
Persons: Donald Trump, Kamala Harris Organizations: WASHINGTON, FBI Locations: America, United States
“Dietmar Woidke and his Brandenburg SPD have made a furious comeback in recent weeks,” said SPD General Secretary Kevin Kuehnert. “For us in the federal SPD, this evening, if things go well, the problems that lie ahead of us will not have gotten any bigger. SPD party members and supporters react during the publication of exit polls in Potsdam. Provisional official results suggested it had gained 5.7 percentage points since the last Brandenburg election in 2019. With the Greens failing to re-enter Brandenburg state parliament, Woidke’s SPD cannot continue its coalition with the CDU and Greens.
Persons: Olaf Scholz’s, Scholz, , ” Scholz, Dietmar Woidke, “ Dietmar Woidke, , Kevin Kuehnert, Tobias Schwarz, Woidke, Tino Chrupalla, Sahra Wagenknecht Organizations: Olaf Scholz’s Social Democrats, SPD, State, Politico, United Nations, Brandenburg SPD, ARD, ZDF, Communist, Getty, Provisional, Greens, Free Democrats, CDU Locations: Brandenburg, Germany, Berlin, New York, Ukraine, Potsdam, Russia, Thuringia, Saxony, Europe
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