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Search resuls for: "– CNN’s Allison Morrow"


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☆ Elon Musk claims George Soros ‘hates humanity.’ The ADL says Musk’s attacks ‘will embolden extremists’
  + stars: | 2023-05-16 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
While Musk’s remarks don’t mention the billionaire philanthropist’s ethnicity, Musk was criticized for dangerous rhetoric that could potentially fuel further attacks on Soros. When a Twitter user defended Soros as having good intentions which are criticized by those who disagree with his politics, Musk responded, “You assume they are good intentions. Attacks on Soros have increased in recent years alongside a broader increase in incidents of antisemitic attacks. Studies by the ADL and the Center for Countering Digital Hate found that the volume of hate speech on Twitter has grown dramatically under Musk’s stewardship. He most recently sold 22 million shares in December.
☆ Silicon Valley Bank collapse sends tech industry into a panic
  + stars: | 2023-03-10 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +5 min
Following the bank’s collapse on Friday, uncertainty in the startup community only grew. Founders Fund, an influential venture capital firm founded by billionaire Peter Thiel, reportedly advised its portfolio companies to pull money from the bank. “SVB is the most important capital provider to tech startups and the biggest supporter of the community,” he said in a tweet. “Now is the time to support them.”The rapidly unfolding fallout at Silicon Valley Bank comes at a challenging moment for the tech industry. Now, the bank’s collapse risks compounding the industry’s cash crunch and broader turbulence.
☆ Massive changes could be coming to the way the stock market functions
  + stars: | 2022-12-15 | by ( David Goldman | ) edition.cnn.com   time to read: +3 min
New York CNN —Wall Street’s top cop has voted in favor of major changes to the way millions of everyday investors buy and sell stocks. The Securities and Exchange Commission Wednesday proposed a rule that it says would add competition to an unseen — but potentially costly — part of the stock trading system for retail investors. Payment for order flow has come under intense scrutiny by regulators following the fallout from the January 2021 run-up in meme stocks like GameStop. “Today’s markets are not as fair and competitive as possible for individual investors — everyday retail investors,” Gensler said. “Thus, today’s proposal is designed to bring greater competition in the marketplace for retail market orders.”– CNN’s Allison Morrow contributed to this report
☆ Why Tom Brady, David Ortiz, Jimmy Fallon and other celebrities are getting sued over crypto
  + stars: | 2022-12-14 | by ( Jennifer Korn | ) edition.cnn.com   time to read: +4 min
Tom Brady, Madonna, Gwyneth Paltrow and baseball Hall-of-Famer David Ortiz are just some of the big names facing lawsuits from investors as the crypto world crumbles in the wake of FTX’s fall from grace. The backlash started earlier this month, when a class-action suit was filed against celebrities, including Jimmy Fallon, Justin Bieber and Serena Williams for promoting Bored Ape Yacht Club NFTs. None of the celebrities named in the lawsuits immediately responded to requests from CNN for comment. Investors in FTX are not expected to be able to recover their money, the company’s CEO testified on Capitol Hill Tuesday. And after the crypto market bust and a round of lawsuits, celebrities may think twice about what they endorse in the future, too.
☆ Beyond Meat executive who allegedly bit a man’s nose will leave the company
  + stars: | 2022-10-14 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +2 min
New York CNNBusiness —Beyond Meat Chief Operating Officer Doug Ramsey is leaving the company after his recent arrest for assault. Ramsey was arrested last month on on charges of “terroristic threatening” and third-degree battery after he allegedly bit a man’s nose following a Arkansas football game. In a SEC filing, the company announced Ramsey’s departure, noting Friday will be his last day of employment. Ramsey joined Beyond Meat in December last year, pivoting from a three-decade career at Tyson Foods (TSN). Beyond Meat had been a market leader in the plant-based meat space, alongside rival Impossible Foods.
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