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☆ Elon Musk demands another huge payday from Tesla
▼ + stars: | 2024-01-16 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk says he wants a significantly larger stake in Tesla than the one that already made him the richest person on the planet. Enough to be influential, but not so much that I can’t be overturned,” Musk wrote in a post on X. Musk and the Tesla board of directors were accused of breaching their fiduciary duties for waste and unjust enrichment. Musk on Monday said he and Tesla are waiting for ruling in the case before they agree to a new pay package. But Musk said a dual-class system at Tesla was a nonstarter, blaming a “post-IPO Delaware.” It’s unclear exactly what Musk meant by that.

Persons: New York CNN — Elon Musk, Musk, Tesla, ” Musk, “, Mark Zuckerberg, ”, they’re Organizations: New, New York CNN, Wall Street, Tesla, Fidelity, Meta, Vanguard, BlackRock, Regulators Locations: New York, Tesla, Worth, Delaware, BlackRock

☆ Boeing’s stock tumbles after report warns investigation will open ‘a whole new can of worms’
▼ + stars: | 2024-01-16 | by ( David Goldman | ) edition.cnn.com time to read: +8 min

The Wells Fargo report, entitled “FAA audit opens up a whole new can of worms,” noted that Boeing’s quality control and engineering problems have been ongoing for years. After part of an Alaska Airlines] 737 Max 9 jet fell off the plane mid-flight, the likelihood of the US Federal Aviation Administration coming out of its investigation without significant findings was very low. The FAA last week opened an investigation into Boeing’s quality control after the Alaska Airlines incident. He also said Boeing is now more closely monitoring the work of a key supplier that builds the 737 Max fuselage. Wells Fargo analysts noted in their report that the FAA investigation could take some time to complete, noting many of its probes remain “under investigation” months after the original incidents.

Persons: Wells, ”, Max, Boeing “, Kirkland H, Donald “, Donald, David Calhoun, Stan Deal, Deal, Mike Whitaker, Calhoun, Jennifer Homendy, United Airlines —, —, Pete Muntean, Chris Isidore, Ramishah Maruf Organizations: New, New York CNN, Boeing, Wall, FAA, Alaska Airlines, US Federal Aviation Administration, NTSB, US, CNN, National Transportation, United Airlines Locations: New York, Portland , Oregon, Alaska, United, Indonesia, Ethiopia

☆ Apple has an approved fix to get around the Watch ban. Customers may not like it
▼ + stars: | 2024-01-15 | by ( David Goldman | Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —Apple has received approval to change the way its smartwatches function so the company can overcome the Apple Watch ban imposed by a US court. Masimo’s attorney said that although the proceeding itself is confidential, he confirmed that the government had no objection to Apple importing the Apple Watch as long as it did not contain that pulse oximeter functionality. Apple had successfully sued to temporarily block a US International Trade Commission ruling that prevents Apple from importing the Apple Watch Series 9 and Apple Watch Ultra 2, among other newer models, because they violate Masimo’s patents. Apple had said it “strongly disagrees” with the ban and pledged to “take all measures” to bring the Apple Watch back to US customers soon. Apple has routinely marketed its smartwatch as a life-saving device, which has helped launch the Apple Watch into the stratosphere, making it the most popular watch sold around the world.

Persons: New York CNN — Apple, Joseph R, Apple, “, Masimo, preemptively Organizations: New, New York CNN, Apple Watch, Apple, Masimo, US Customs, Border Protection, US International Trade Commission, Sales Locations: New York, Irvine , California, United States

☆ A Native woman launched a forensics nonprofit to address missing and murdered Indigenous people after her relative went missing and was never found
▼ + stars: | 2024-01-15 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

When Haley Omeasoo used her forensics expertise to launch a nonprofit aimed at assisting the families of missing and murdered Indigenous people, the name Ohkomi Forensics seemed fitting. The 27-year-old said she went into forensic anthropology specifically so she could help the families of missing and murdered Indigenous people (MMIP), including those she knew on her own reservation. That's where Omeasoo hopes Ohkomi Forensics can come in. AdvertisementFamily members of missing and murdered indigenous women in Montana gather in front of the state Capitol in Helena, Mont., Wednesday, May 5, 2021. The FBI typically steps in to investigate cases, but Indigenous families frequently express frustration and say there is a lack of progress and communication.

Persons: —, Haley Omeasoo, Omeasoo, Montana, Iris Samuels, Ashley HeavyRunner Loring, Omeasoo's, Loring, Kimberly Loring, David Goldman Organizations: Service, Business, Anthropology, Montana Department of Justice, Ohkomi Forensics, FBI, Forensics, University of Locations: Montana, Helena, Mont, MMIP, Blackfeet, Browning , Montana, Canada

☆ Why Amazon just sent you an email about ads on Prime Video
▼ + stars: | 2023-12-28 | by ( Jordan Valinsky | David Goldman | ) edition.cnn.com time to read: +3 min

Starting January 29, Prime Video will feature “limited” advertisements, Amazon said in its email. Prime Video is joining most other streaming services by inserting ads into its programming and raising prices on ad-free tiers. Hulu, in which Disney owns a majority stake, will also hike its monthly ad-free subscription $3 to $17.99. Consumer demand for streaming services has slowed dramatically since the pandemic, cutting into streamers’ revenue growth. Prime Video, which is home to “The Marvelous Mrs. Maisel” and “Citadel,” is included in the $139 yearly Prime subscription.

Persons: Amazon, ’, Maisel Organizations: New, New York CNN, Amazon, Netflix, Disney, Hulu, CNN, Warner Bros, NBCUniversal, “ Citadel Locations: New York, United States, “, ”

☆ Pornhub’s parent company admits it profited from sex trafficking
▼ + stars: | 2023-12-22 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

Aylo, Pornhub’s parent company, will pay a $1.8 million fine and compensate the sex trafficking victims as part of a deferred prosecution agreement. The company pleaded not guilty to the government’s charge of engaging in unlawful monetary transactions involving sex trafficking proceeds, although it acknowledged the illegal material was posted on its site and said it regrets that fact. The government did not accuse Aylo itself of violating any federal sex trafficking laws, but said the company should have known it was doing business with a group that was engaging in sex trafficking. And Aylo became aware of a federal lawsuit against the production company in 2017, court documents show. In a statement, Aylo, which is under new management since the alleged incidents occurred, said it “deeply regrets” that Pornhub hosted the content.

Persons: Pornhub, Aylo, “, ”, James Smith, Solomon Friedman, ” Friedman Organizations: Washington CNN, Eastern, of, FBI, Aylo Holdings, CNN, Ethical Capital Partners Locations: Peace, of New York, Canada

☆ EPA to Force Oil-and-Gas Industry to Plug Methane Leaks
▼ + stars: | 2023-12-02 | by ( Eric Niiler | ) www.wsj.com time to read: 1 min

Methane is an odorless, colorless byproduct of oil-and-gas operations. Photo: David Goldman/Associated PressThe Biden administration is slapping tough new regulations on the oil-and-gas industry, requiring operators to plug methane leaks and stop burning excess gas with flares. The regulations also mandate regular inspections of facilities to make sure the planet-warming compound isn’t escaping into the atmosphere. Administration officials say the methane rule, which will be phased in over the next two years after two years of contentious debate, will cool the planet and improve public health.

Persons: David Goldman, Biden Organizations: Associated

☆ OpenAI officially announces Sam Altman has returned as CEO and Microsoft gains a non-voting board seat
▼ + stars: | 2023-11-29 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Twelve days after OpenAI fired Sam Altman as CEO, the company formally announced that it has hired him back. OpenAI called the new board “initial,” signaling that it will add more directors in the future. Altman, in a company blog post, thanked the previous board that fired him for their contributions to the company. In a post on X, Altman acknowledged “real misunderstandings” between him and members of the board. “For my part, it is incredibly important to learn from this experience and apply those learnings as we move forward as a company,” Altman wrote on X.

Persons: OpenAI, Sam Altman, Bret Taylor, Larry Summers, Adam D’Angelo, Altman, Greg Brockman, Satya Nadella, Mira Murati, Murati, Twitch, Emmett Shear, —, Brockman, Ilya Sutskever, Sustkever, Ilya, ” Altman, OpenAI didn’t, “, ” Organizations: New, New York CNN, Microsoft Locations: New York, OpenAI

☆ Rosalynn Carter repose: Former first lady’s motorcade will route from wreath-laying ceremony to Carter Presidential Center
▼ + stars: | 2023-11-27 | by ( Christina Maxouris | ) edition.cnn.com time to read: +12 min

In May, the Carter Center said Rosalynn Carter had dementia. The motorcade will stop for a wreath-laying ceremony at Rosalynn Carter’s alma mater, Georgia Southwestern State University, before making its way to Atlanta. Former first lady Rosalynn Carter poses for a portrait in New York in 2011. Alice S. Hall/NBCUniversal/Getty Images) Rosalynn gets a kiss from her husband after they were awarded Presidential Medals of Freedom in 1999. “Thank you all for joining us in celebrating what a treasure she was, not only to us, but to all humanity.”The Carter Center said in lieu of flowers, donations be made to the Carter Center Mental Health Program or the Rosalynn Carter Institute for Caregivers.

Persons: Rosalynn, Rosalynn Carter, Jimmy Carter, “, Andy Huggins, David Goldman, ”, Mike Stewart, Joe Biden, Jill Biden, Kamala Harris, Nikki Kahn, Horace Cort, Mikki Ansin, Jason, Amy, Jeff, Jack, Dan Farrell, Jimmy, Barbara Walters, Richard Howard, Suzanne Vlamis, Diana Walker, Joan Mondale, Walter Mondale, Muriel Humphrey, Hubert Humphrey, Ruth Carter Stapleton, Jimmy Carter's, Wally McNamee, Corbis, Carter, Ronald Reagan, Ron Galella, Bromberger Hoover, Jay Leno, Alice S, Tami Chappell, Charlie Neibergall, Laura Rauch, Carolyn Kaster, Sebastian Scheiner, Barack Obama's, Bill Clark, John Bazemore, Amy Davis, Saul Loeb, Errol, Jimmy's, Branden Camp, Caroline Kennedy, Hillary Clinton, Nancy Reagan, David McNew, Matt McClain, Adam Schultz, The New York Times Adam Schultz, White, Erin Schaff, Michael S, Williamson, CNN’s Jaide Timm, Garcia, Eva McKend Organizations: CNN, Carter Center, White House, Atlanta ., Secret, Georgia Southwestern State University, Rosalynn Carter, Health, Human Sciences, Carter, Jimmy Carter Presidential, Glenn Memorial United Methodist Church, Emory University, Maranatha Baptist Church, Washington Post, Atlanta, NY, Hulton, Disney, Bettmann, Mental Health, Mental Health Systems, Harlem Globetrotters, Getty, Democratic National Convention, Toronto, Presidential, Humanity, Baltimore Sun, Tribune, Service, Capitol, Aging, NBA, The New York Times Locations: Plains , Georgia, Atlanta, Georgia, Plains, Americus, alma mater, Plains ., New York, Brazil, Dubuque , Iowa, Waterloo , Iowa, San Francisco, Ashkelon, Israel, Baltimore, Annapolis , Maryland, Americus , Georgia, Rosalynn

☆ Sam Altman returns to OpenAI in a bizarre reversal of fortunes
▼ + stars: | 2023-11-22 | by ( Clare Duffy | David Goldman | ) edition.cnn.com time to read: +5 min

In its announcement of Altman’s firing, OpenAI claimed that Altman had been insufficiently “candid” with the board. But then hundreds of OpenAI employees, nearly the company’s entire staff, threatened to leave, potentially for Microsoft, if the company’s board didn’t resign and reinstate Altman as CEO. It’s unclear how Shear will be affected by Altman’s return. “We are encouraged by the changes to the OpenAI board,” Microsoft CEO Satya Nadella said on X. Publicly, Altman has long cautioned about risks posed by AI, and he has pledged to lawmakers and customers that he would move OpenAI forward responsibly.

Persons: Sam Altman, Bret Taylor, Adam D’Angelo, Larry Summers, “, Altman, Steve Jobs, OpenAI, Kara Swisher, Nadella, Greg Brockman, Altman’s, —, Emmett Shear, didn’t, Shear, …, ” Brockman, Satya Nadella, Jony, CNN’s Juliana Liu, Diksha Madhok Organizations: New, New York CNN, Twitter, Microsoft, CNN, Twitch Locations: New York, OpenAI, Silicon

☆ Opinion: The drama around Sam Altman is an urgent warning
▼ + stars: | 2023-11-21 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +7 min

And OpenAI, the company behind ChatGPT, is on its third CEO in as many days. And how should other institutions – governments, non-tech industries, global alliances, regulatory bodies – reign in the worst excesses of potentially dangerous AI innovators? This dynamic – a potentially dangerous technology developed at extreme speed, largely behind closed doors – is partly to blame for Altman’s firing. And we all have a stake in whose interests AI will serve – and right now, its development is being funded with billions of dollars by people expecting to make a huge profit. The Altman story is fascinating because Altman is the most powerful figure in AI technology, which in effect makes him one of the most powerful men in the world.

Persons: Jill Filipovic, Sam Altman, Altman, Jill Filipovic It’s, OpenAI, CNN’s David Goldman, he’ll, ”, – Organizations: Twitter, CNN, Microsoft, Israeli Defense Force Locations: New York, Big Sur, Yorker, Atlantic, Silicon Valley

☆ Sam Altman joins Microsoft as OpenAI taps Shear for interim CEO
▼ + stars: | 2023-11-20 | by ( Diksha Madhok | David Goldman | ) edition.cnn.com time to read: +5 min

New Delhi/New York CNN —Microsoft has hired Sam Altman to power up its artificial intelligence research efforts just days after the co-founder of OpenAI was ousted as CEO in a chaotic boardroom coup. Meanwhile, Emmett Shear, the former CEO of Amazon’s streaming service Twitch, will join OpenAI as interim CEO. “We look forward to getting to know Emmett Shear,” Microsoft CEO Satya Nadella said in a post on X, formerly known as Twitter. In a post on X early Monday, Shear described the chance to join OpenAI as “a once-in-a-lifetime” opportunity. More recently, Altman announced that OpenAI would make its tools widely available so anyone could create their own version of ChatGPT.

Persons: Sam Altman, OpenAI, Greg Brockman, Brockmann, Altman, Emmett Shear, Satya Nadella, ” Nadella, Shear, “, Brockman, Ilya Sutskever, Kara Swisher, Jony, Bing, Swisher, ’, OpenAI “, ”, “ I’m Organizations: New York CNN, Microsoft, OpenAI Locations: New Delhi, New York, Altman’s

☆ DeSantis refuses to condemn Elon Musk for endorsing antisemitic conspiracy theory
▼ + stars: | 2023-11-19 | by ( Alison Main | ) edition.cnn.com time to read: +3 min

CNN —Republican presidential candidate Ron DeSantis on Sunday refused to directly condemn Elon Musk for publicly endorsing an antisemitic conspiracy theory popular among White supremacists. The X post, which Tapper showed DeSantis, said: “Jewish communties (sic) have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them.” The post also referenced “hordes of minorities” flooding Western countries, a popular antisemitic conspiracy theory. The Council on American-Islamic Relations has also seen an uptick in reports following the attack, but it did not have numbers to release. Pressed by Tapper again on Musk’s tweet, DeSantis maintained: “I have no idea what the context is.”“I know Elon Musk, I’ve never seen him do anything. CNN’s Jack Forrest, David Goldman, Avery Lotz, Jack Forrest, Brian Fung, Clare Duffy and Samantha Delouya contributed to this report.

Persons: Ron DeSantis, Elon Musk, White, CNN’s Jake Tapper, Musk, Tapper, DeSantis, Robert Bowers, ”, I’ve, Jamie Raskin, “, CNN’s Jack Forrest, David Goldman, Avery Lotz, Jack Forrest, Brian Fung, Clare Duffy, Samantha Delouya Organizations: CNN, Republican, Sunday, Defamation League, Islamic Relations, Twitter, Disney, Paramount, Comcast, Lionsgate, Warner Bros, Democratic Locations: Florida, Pittsburgh, Israel, America

☆ Sam Altman is back at OpenAI … with a guest badge
▼ + stars: | 2023-11-19 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Sam Altman is back at OpenAI. But Altman, Brockman and Sutskever in 2019 formed OpenAI LP, a for-profit entity that exists within the larger company’s structure. Altman had pushed the for-profit company to innovate faster and go to market with products. If not, Altman reportedly may opt for another venture, perhaps taking loyalists away from OpenAI to his new landing spot. Either way, OpenAI’s board made a consequential decision that will make massive waves in the AI industry for years to come.

Persons: Sam Altman, “, ” Altman, Greg Brockman, Brockman, Altman, Altman haven’t, Ilya Sutskever, Adam D’Angelo, Tasha McCauley, Helen Toner, Altman “, Kara Swisher, OpenAI Organizations: New, New York CNN, Wall Street, New York Times, Microsoft, GeoSim Systems, Georgetown’s Center for Security, Emerging Technology, CNN Locations: New York, OpenAI, San Francisco, Sutskever

☆ How OpenAI so royally screwed up the Sam Altman firing
▼ + stars: | 2023-11-19 | by ( David Goldman | ) edition.cnn.com time to read: +8 min

A company’s board of directors has an obligation, first and foremost, to its shareholders. Strange board structureThe bizarre structure of OpenAI’s board complicated matters. And some, including former OpenAI board member Elon Musk, fear the technology will surpass humanity in intelligence and could wipe out life on the planet. Microsoft, despite its massive stake, does not hold an OpenAI board seat, because of the company’s strange structure. Alternatively, it could become a competitor to Altman, who may ultimately decide to start a new company and drain talent from OpenAI.

Persons: New York CNN —, Sam Altman, Altman, –, Bing, “, Kara Swisher, weren’t, Greg Brockman, Brockman, OpenAI, mulligan, Ilya Sutskever, they’re, Swisher, Elon Musk, Mark Zuckerberg, OpenAI’s, Satya Nadella Organizations: New, New York CNN, Microsoft, Altman, Co, Office, Google, Amazon, IBM, Economic, Twitter, Wall Street, New York Times Locations: New York, Silicon Valley, Bing

☆ Elon Musk agrees with X post that claims Jews ‘push hatred’ against White people
▼ + stars: | 2023-11-15 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

This is because they cannot, by their own tenets, criticize the minority groups who are their primary threat.”It’s unclear what Musk was referring to. Yet Musk suggested that the ADL promotes racism against White people. “I am deeply offended by ADL’s messaging and any other groups who push de facto anti-white racism or anti-Asian racism or racism of any kind,” he said. The ADL has been critical of X, particularly since Musk took control of the platform over a year ago. Musk in September threatened to sue the ADL for defamation, claiming that the organization’s reports have hurt advertising sales on X.

Persons: New York CNN —, Elon Musk, Musk, Robert Bowers, Defamation League “, “, ” Musk, Jonathan Greenblatt, ” Organizations: New, New York CNN, Whites, Defamation League, ADL, White, Center Locations: New York, Pittsburgh, Israel, United, “

☆ Why did Democrats win the Kentucky governor's race but come up short in Mississippi? It was an election cycle of unique contrasts.
▼ + stars: | 2023-11-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Andy Beshear won reelection, but Brandon Presley lost the Mississippi governor's race. Kentucky is also a conservative Southern state where voters generally back Republicans in most statewide races, yet Democratic Gov. AP Photo/Timothy D. EasleyIn Kentucky, Beshear ran an ad featuring Hadley Duvall, a young woman who had been raped by her stepfather at age 12. In Louisville, which is consolidated with Jefferson County, Beshear won 70% of the vote. AdvertisementAdvertisementIn Mississippi, Presley relied more on an urban-rural coalition.

Persons: Andy Beshear, Brandon Presley, —, Tate Reeves, Presley, Daniel Cameron, Roe, Wade, Beshear, Cameron, Timothy D, Hadley Duvall, Duvall, Reeves, David Goldman Lexington, Donald Trump, Steve Beshear, Elvis Presley Organizations: Mississippi, Service, Virginia, Delegates, Republican Gov, Democratic, GOP, Beshear, AP, Easley, Mississippi Democrats, Fayette County Locations: United States, Ohio, Mississippi, Kentucky, Southern, Easley In Kentucky, In Louisville, Jefferson, Jefferson County, Louisville, Fayette County, Fayette, Gulf, Jackson, Delta, Hinds County

☆ Striking actors say they have rejected the Hollywood and TV studios’ ‘best and final offer’
▼ + stars: | 2023-11-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —SAG-AFTRA said it has responded to Hollywood studios’ “last, best & final offer” on Monday as pressure ramps up to reach a deal ending the industry-freezing strike. The actors’ union said in a message to its members that there are several “essential items” that the two sides have yet to reach agreement on, such as the use of AI. SAG-AFTRA, which represents about 160,000 actors, announced its members would walk off sets on July 14, joining the striking writers in a historic double walkout against the studios. Both unions have advocated for restrictions on the use of artificial intelligence, a technology that actors and writers alike believe poses an existential threat to their livelihoods. Members of the Writers Guild of America union ratified a new contract with Hollywood and television studios in early October.

Persons: AFTRA, “, ”, It’s, – CNN’s David Goldman Organizations: New, New York CNN, SAG, ’, Alliance, Television Producers, Disney, Netflix, Warner Bros . Discovery, Warner Bros, CNN, Writers Guild of America, Hollywood Locations: New York

☆ Striking actors are reviewing Hollywood and TV studios’ ‘best and final offer’
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —A deal to resolve film and television actors’ 113-day strike could be imminent, as the union representing them said it is reviewing Hollywood and TV studios’ final offer. The negotiating committee for the SAG-AFTRA union on Saturday said it received a “last, best and final offer” from the Alliance of Motion Picture and Television Producers, whose members include Disney, Netflix, NBCUniversal, and Warner Bros. Warner Bros. Both the actors and writers fought for updated deals that better paid them for shows and movies on streaming services. Disney’s Bob Iger, Warner Bros. Discovery’s David Zaslav, Netflix’s Ted Sarandos, and NBC Universal’s Donna Langley have been directly involved in negotiations.

Persons: ’, It’s, George Clooney, Tyler Perry, Bob Iger, Discovery’s David Zaslav, Ted Sarandos, Donna Langley Organizations: New, New York CNN, Hollywood, SAG, Alliance, Television Producers, Disney, Netflix, Warner Bros . Discovery, Warner Bros, CNN, NBC Locations: New York

☆ National Association of Realtors CEO steps down, days after real estate group found liable for conspiring to inflate rates
▼ + stars: | 2023-11-02 | by ( David Goldman | Anna Bahney | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Bob Goldberg, chief executive officer of the National Association of Realtors, the nation’s largest trade association, is stepping down, the organization announced Thursday. Earlier this week, a federal jury in Missouri found NAR and two brokerages conspired to keep real estate agent commissions artificially high and determined they were liable for $1.8 billion in damages. Nykia Wright, previously CEO of the Chicago Sun-Times, has been appointed NAR interim Chief Executive Officer, starting November 20th. “We are delighted to welcome Nykia as interim CEO,” said NAR President Tracy Kasper, a real estate agent from Nampa, Idaho, and broker-owner of Berkshire Hathaway HomeServices Silverhawk Realty. He added: “Nykia’s strategic expertise and forward-looking perspective are exactly what NAR needs to continue advancing its mission in an ever-changing world.”

Persons: Bob Goldberg, Kenny Parcell, Redfin, Nykia Wright, Nykia, ”, Tracy Kasper, Berkshire Hathaway, Silverhawk, Kasper, “, ” Goldberg Organizations: DC CNN, National Association of Realtors, NAR, Chicago Sun, Times, Sun - Locations: Washington, Missouri, Nampa , Idaho, Berkshire

☆ Bitcoin is surging again
▼ + stars: | 2023-10-24 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

BlackRock applied in June to register a bitcoin spot ETF, which is pending approval. A BlackRock bitcoin ETF would give the cryptocurrency a new sense of legitimacy. “However, it may appear as part of BlackRock’s preparations to launch the ETF soon.”Other companies have also applied for approval to launch similar bitcoin ETFs, including Greyscale Investments. As investors look to diversify their portfolios in uncertain times, some turn to bitcoin, ironically as a kind of digital safe haven. Sometimes dubbed “digital gold,” bitcoin has become a way for investors to branch out beyond traditional stocks and bonds.

Persons: New York CNN —, bitcoin, ”, Samer Organizations: New, New York CNN, BlackRock, Depository Trust, Clearing Corp, Nasdaq, Reuters, Greyscale Investments, US Securities and Exchange Commission, Greyscale’s, DC, of Appeals, SEC, “ Locations: New York, BlackRock, bitcoin

☆ Chevron agrees to buy Hess for $53 billion
▼ + stars: | 2023-10-23 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Chevron announced Monday that it has agreed to buy rival Hess in yet another oil industry consolidation deal. Hess (HES) also has large oil assets in Guyana, which Chevron said would help grow its production over the next decade. Chevron said that it would increase buybacks of its stock by $2.5 billion to $20 billion a year. Shares of Chevron slipped 3% in premarket trading following the deal announcement, while Hess’ shares were slightly higher. Since the start of 2022, just ahead of the big run-up in oil prices following Russia’s full-scale invasion of Ukraine, Hess shares are up 120%, while Chevron shares are up 42%.

Persons: Hess, Chevron, ”, Mike Wirth, Wirth, Critics, It’s, Biden, John Hess, — Chris Isidore Organizations: New, New York CNN, Chevron, ExxonMobil, Exxon, Anadarko Petroleum Locations: New York, Texas, Guyana, Ukraine, Marathon

☆ Jon Stewart’s show on Apple is over because of disagreements about China
▼ + stars: | 2023-10-20 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

Stewart informed staff Thursday that he and Apple executives agreed to part ways, according to multiple show staff members with whom Stewart discussed the matter. China worriesChina represents nearly a fifth of Apple’s sales and is the company’s fastest-growing region by far. Apple’s sales in China increased 8% between April and June (the most recent quarter for which Apple has reported its financial statement), while sales fell 6% in the Americas region during that same period. So a potentially critical look at China on Stewart’s show, streamed by Apple, may not have sat well with the consumers and officials Cook is hoping will help boost Apple’s bottom line in the region. But in its most recent season, Stewart started capturing more attention for his show, particularly in clips online, some of which went viral.

Persons: New York CNN —, Jon Stewart ”, Stewart, Tim Cook, Cook, John Oliver’s “, Tim Geithner, Gary Gensler, Nathan Dahm Organizations: New, New York CNN, Apple, The New York Times, Research, HBO, Warner Bros ., SEC, Oklahoma Locations: New York, China, Israel, Americas

☆ Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list
▼ + stars: | 2023-10-18 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

New York CNN —Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring efforts. Over the past six years, Rite Aid has tallied nearly $3 billion in losses. in Costa Mesa, California139 North Grand Ave. in Covina, California20572 Homestead Road in Cupertino, California24829 Del Pradoin Dana Point, California7859 Firestone Blvd. in Yorba Linda, California25906 Newport Road in Menifee, California1600 North Main St. in Meridian, Idaho5808 Ritchie Hwy. in Mill Creek, Washington601 South Grady Way in Renton, Washington2707 Rainier Ave. in South Seattle, Washington– CNN’s David Goldman contributed to this story

Persons: Del, Dana, Glen, Ephraim Ave, Arnold St, Nicholas Ave, Reed, Washington – CNN’s David Goldman Organizations: New, New York CNN — Rite, Real Estate Partners, Rite Aid, Amazon, Walmart, Target, Costco, Aid, Solutions, SEC Alabama, Valley, Firestone, Alvarado St, Fulton, Yorba, Bel Air, Pulaski, Garfield, Main St, Clinton St, Michigan, Whittemore St, Hamilton St, Sunrise, Elmwood, New Carlisle , Ohio Euclid, Gettysburg, Medford, 9th St, Liberty, Eisenhower, Stevenson, 5th St, Reed St, Oxford, 63rd, Brighton, East Central, St, Evergreen, Grady Locations: New York, California, Maryland, Michigan, New Jersey, Ohio, Oregon, Pennsylvania, Washington, Alabama, Idaho, Pike, Monroeville , Alabama, Alhambra , California, Bellevue, Atwater , California, Costa Mesa , California, Covina , California, Cupertino , California, Dana Point , California, Downey , California, Irvine , California, La Mirada , California, Laguna Niguel , California, South Centinela, Los Angeles , California, Alvarado, Monterey , California, St, Ramona , California, Fulton Ave, Sacramento , California, Santa Cruz , California, Yorba Linda , California, Menifee , California, Main St, Meridian , Idaho, Baltimore , Maryland, Bel Air , Maryland, Elkton , Maryland, Glen Burnie , Maryland, Gratiot, Clinton Township , Michigan, Detroit , Michigan, Farmington Hills , Michigan, Fremont , Michigan, Clinton, Grand Ledge , Michigan, Jackson , Michigan, Macomb , Michigan, U.S, Manistee , Michigan, Redford , Michigan, Shelby Township , Michigan, St . Johns , Michigan, Centerville, Sturgis , Michigan, Taylor , Michigan, Wixom , Michigan, Berlin , New Hampshire Grove St, Peterborough , New Hampshire, Browns Mills , New Jersey, Camden , New Jersey, Lumberton , New Jersey, Bridgeton Pike, Mantua , New Jersey, Mullica Hill , New Jersey, Edinburg, Robbinsville , New Jersey, Hamilton, Somerset , New Jersey, Williamstown , New Jersey, Bay Shore , New York, Buffalo , New York, Copiague , New York, East Northport , New York, Floral, , New York, Jamaica , New York, Elmwood Ave, Kenmore , New York, Hempstead, Levittown , New York, Patchogue, Yaphank, Medford , New York, New York , New York, Port Jefferson , New York, Sayville , New York, Smithtown , New York, West Patchogue , New York, New Carlisle , Ohio, Strathmore, East Cleveland , Ohio, Dayton , Ohio, Cleveland , Ohio, Medford , Oregon, Cully, Portland , Oregon, 9th, Chester , Pennsylvania, Coraopolis , Pennsylvania, Erie , Pennsylvania, Greensburg , Pennsylvania, Hanover , Pennsylvania, New Castle , Pennsylvania, New Kensington , Pennsylvania, Pennsburg , Pennsylvania, 5th, Philadelphia , Pennsylvania, Venango St, 63rd St, Pottsville , Pennsylvania, Rochester , Pennsylvania, East Central Ave, Titusville , Pennsylvania, White Haven , Pennsylvania, Bellevue , Washington, Bellingham , Washington, Blaine , Washington, Covington , Washington, Everett , Washington, Lynnwood , Washington, Mill Creek, Renton , Washington, Rainier, South Seattle

☆ Tupperware picks Spanx veteran as new CEO
▼ + stars: | 2023-10-17 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Tupperware Brands named consumer products veteran and former long-time CEO of Spanx Laurie Ann Goldman as its new CEO on Wednesday amid ongoing attempts to continue to survive as a business. In addition to her experience heading up Spanx for 12 years, Goldman also previously was CEO of Avon North America from August 2018 to August 2019. She was most recently CEO of OVME Aesthetics, a provider of medical aesthetics products and services prior to coming on board at Tupperware. Tupperware named Laurie Ann Goldman at its new CEO on Wednesday. Last October, in a massive shift in its business model, Tupperware rolled out its containers onto Target shelves nationwide.

Persons: Laurie Ann Goldman, Goldman, Miguel Fernandez, Tupperware, Sean Zanni, Patrick McMullan, Laurie Ann, ” Susan Cameron, “ Laurie Ann, It’s, –, – CNN’s David Goldman Organizations: New, New York CNN, Brands, Avon Locations: New York, Spanx, Avon North America, Tupperware, The Florida, Bath

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