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☆ Home buyers are accepting higher mortgage rates, says Compass CEO Robert Reffkin
▼ + stars: | 2024-11-21 | 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 EmailHome buyers are accepting higher mortgage rates, says Compass CEO Robert ReffkinRobert Reffkin, Compass co-founder and CEO, joins CNBC's 'Squawk on the Street' to discuss the state of the real estate market, where inventory is building, and more.

Persons: Robert Reffkin Robert Reffkin

☆ Here are Thursday's biggest analyst calls: Nvidia, Netflix, Amazon, Microsoft, Tesla, Meta, Campbell Soup and more
▼ + stars: | 2024-11-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Citi initiates Gilead Sciences as buy The firm said it is bullish on the biotech company's HIV franchise. Piper Sandler upgrades Campbell Soup to overweight from neutral Piper Sandler said it sees an attractive entry point for the stock. UBS initiates Cogent as buy The firm said it sees meaningful revenue acceleration for the internet services company. Jefferies reiterates Tesla as hold The firm raised its price target on the stock to $300 per share from $195. Morgan Stanley reiterates Meta as overweight The firm said Meta is a major artificial intelligence beneficiary. "

Persons: Piper Sandler, Campbell, Oppenheimer, Jefferies, Tesla, Morgan Stanley, Papa, KeyBanc, Papa John's, BXP, Wells, Wells Fargo, BURL, Meta, Needham, Eli Lilly's Organizations: Citi, Gilead Sciences, HIV, SOVO, UBS, Nvidia, Bank of America, Neutral Bank of America, ISI, Papa Johns International, Company, JPMorgan, Medicines, 3Q, Netflix, Barclays, Airlines, FDA, Novo Nordisk, Microsoft Locations: Europe, Asia, Africa, America, Manhattan, Burlington

☆ What Trump's mass deportation plan would mean for immigrant workers and the economy
▼ + stars: | 2024-11-10 | by ( Kevin Williams | ) www.cnbc.com time to read: +13 min

Mass deportation would exacerbate this economic issue, say employers and economists. Leverant says it is still being determined how jobs lost from a mass deportation would be filled. "Looking at specific occupations, about one-quarter of farm workers, agricultural graders, and sorters are undocumented workers. "One of the natural problems with undocumented workers, we don't know how many are here because they are undocumented. A mass deportation is not possible without crippling economic impact," he said.

Persons: Donald Trump, Donald J, Trump, Jason Leverant, Leverant, Chad Prinkey, AtWork, Janeesa Hollingshead, Hollingshead, Uber, Trump's, David Leopold, Leopold, Kristen Welker, isn't, they're, Nan Wu, Wu, Prinkey Organizations: U.S, White, TPS, AtWork, American Progress, American Immigration Council, American Community Survey, Pew Research Center, Consulting, Uber Works, American Immigration, Citizenship, Immigration Services, Trump, NBC News, AIC, USDA, Conservative, CNBC Workforce, cnbccouncils.com, wec Locations: Mexico, Eagle, , Texas, Piedras Negras, U.S, United States, Madison, New York, Greensfelder, California, Prinkey, Boston, Austin

☆ A mansion that was once America's priciest home just got another price chop. See inside the $165 million estate.
▼ + stars: | 2024-11-08 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

An LA mansion that was once the most expensive in America got another price cut, to $165 million. The seller is the widow of telecom tycoon Gary Winnick, who paid $94 million for it in 2000. Related Video Inside the most expensive neighborhoods of Singapore, home to TikTok CEO Shou Zi ChewNow the property is $30 million off. This week, the 60-room mansion cut its ask to $165 million, a 34% drop from its highest price tag. With the latest price cut, it's no longer the most expensive listing in California.

Persons: Encantada, it's, Gary Winnick, —, Conrad Hilton, Jeff Bezos, Shou Zi Chew, Casa Encantada, It's, John Donahue, Karen Winnick, Encantada's, Josh Flagg, Flagg Organizations: Service, Bel Air, Hilton Hotels, Pritzker, Global, Business, Bel, Air Country Club Locations: America, Los Angeles, Singapore, Naples, Florida, California

☆ How the Houston teacher certification scheme worked
▼ + stars: | 2024-11-03 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +12 min

CNN —Robert “Boo Lee” Williams was still seething days after a popular basketball coach and two assistant principals at Houston’s first two historically Black high schools were arrested in an alleged teacher certification scheme. “In fact, when he was caught red-handed in February of 2024 he was logged into one test,” Levine said. A pattern of long drives helps unravel schemeHarris County District Attorney Kim Ogg, left, and felony chief prosecutor Mike Levine announce arrests in teacher certification scheme. They then drove sometimes four or more hours to the Houston area and suddenly they were passing the test,” Levine said. “This ain’t just a Black school in Houston.

Persons: Robert “ Boo Lee ” Williams, ”, Williams, Jack Yates, … I’m, Kim Ogg, “, Vincent Grayson, Booker T, Nicholas Newton, LaShonda Roberts, Yates, Ogg, ” Ogg, Tywana Gilford Mason, Gilford Mason, Grayson, Black, Cheryl Irvin, Irwin, It’s, Mike Levine, ” Levine, Levine, Newton, Feroz Merchant, Roberts ’, Brandon Leonard, we’ve, Roberts, Kirk Sides, Texas Education Agency “, Alexandra Elizondo, ” Elizondo, Houston Jon Shapley, Pearson VUE, ” Pearson, Allison Bazin, “ They’re, Jackie Anderson, KHOU, ” Williams, Roland Martin, Phylicia Rashad, Debbie Allen, Vincent Grayson’s Organizations: CNN, Jack Yates Senior High School, Houston Independent School District, Washington High, Prosecutors, Wilhite, HISD, Booker, Washington, Tuskegee Institute, KHOU, Houston Chronicle, Texas Education Agency, Investigators, Washington High School, State, “, Houston Federation of Teachers, Yates, ” Locations: Ward, Texas, …, ” Harris County, Harris County, Harris, Houston, ”, Dallas

☆ Israel’s military leaders signal their work in Gaza and Lebanon is done. Will Netanyahu listen?
▼ + stars: | 2024-10-31 | by ( Mick Krever | ) edition.cnn.com time to read: +5 min

It comes as Lebanon’s prime minister says that a ceasefire between Hezbollah and Israel could be imminent. In Gaza, he said, “if we take out the northern Gaza Brigade commander, it’s another collapse…. Amir Cohen/ReutersIsraeli Prime Minister Benjamin Netanyahu has repeatedly pledged “absolute victory.” His defense minister and longtime political tormentor Yoav Gallant has bristled at that goal. That’s a far cry from the existing, maximalist war aim of eliminating Hamas’ military and governance capabilities. A spokesperson for the prime minister declined to comment.

Persons: –, ” Herzi Halevi, Staff Herzi Halevi, Amir Cohen, Benjamin Netanyahu, ”, Yoav Gallant, ” Gallant, Najib Mikati, Amos Hochstein, Israel, Hassan Nasrallah, Mikati, Ariel Hermoni, Gallant, “, Netanyahu Organizations: Jerusalem CNN, Israel Defense Forces ’, “, General Staff, Hezbollah, Gaza, Staff, Reuters, CNN, Defense, State Locations: Jerusalem, Lebanon, Gaza, Israel, there’s, Reuters Israeli, we’re, Iran, Qatar

☆ 13 things you probably didn't know about 'Halloween'
▼ + stars: | 2024-10-31 | by ( Andrew Lasane | ) www.businessinsider.com time to read: 1 min

Director John Carpenter's then-girlfriend cowrote the screenplay with him. John Carpenter and Debra Hill cowrote "Halloween." Compass International PicturesAs the director, John Carpenter often gets all the credit for "Halloween," but he didn't do it alone. Debra Hill, a producer on the film and Carpenter's then-girlfriend, actually cowrote the film with him. She also helped write some of the sequel films, including "Halloween II" (1981).

Persons: John Carpenter's, John Carpenter, Debra Hill cowrote, Debra Hill, Carpenter's

☆ Inside Realtors' Fight for Control of America's for-Sale Home Listings
▼ + stars: | 2024-10-31 | by ( James Rodriguez | ) www.businessinsider.com time to read: +17 min

Agents might be emboldened to share listings among private networks of in-the-know brokers rather than market them to everyone. And if the goal is a transparent market that prioritizes consumers, the clear-cooperation policy is a flawed tool. Redfin estimated that in the second quarter of 2019, about 1.7% of listings, or some 18,000 homes, were likely pocketed. In a hot market, it's easier for brokers to market a home off the databases and still get it sold. What has changed since the rule went into effect is brokerages' eagerness to control access to home listings.

Persons: Smart, —, they'll, Brian Boero, Goliath, Davids, MLSes, doesn't, weren't, Joe Schmo, Saul Klein, Howard Hanna's, Howard Hanna IV, Robert Reffkin, Mauricio Umansky, Redfin, Glenn Kelman, Kelman, haven't, Victor Lund, There's, Buckle Organizations: MLS, National Association of Realtors, NAR, Coldwell, Network, San Diego, Compass, Service, of Justice

☆ Arizona is the epicenter of the debate over how Trump's mass deportation plan would hit the economy
▼ + stars: | 2024-10-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

Donald Trump proposed mass deportation to lower housing costs and boost job opportunities. AdvertisementThe mass deportation of people living in the US illegally has been one of the cornerstones of the Republican presidential ticket leading up to the November election. Many Democrats say mass deportations would hurt businesses and employment opportunities for all Americans, in addition to separating families and displacing millions of people. She told BI that a mass deportation would devastate the agriculture, construction, and hospitality industries. AdvertisementHow much a mass deportation would cost the governmentThe Trump campaign has talked little about how mass deportations could be implemented and on what scale.

Persons: Donald Trump, —, Trump, Kamala Harris, Biden, Harris, Douglas Nicholls, Nicholls, Regina Romero, Romero, " Romero, Duncan Braid, Braid, Davis, Chloe East, Taylor Rogers, Trump's, Rogers, hasn't, Marcus Noland Organizations: Service, Republican, Pew Research Center, Business, Pew Research, Trump, Immigration, Customs, American Compass, University of California, Brookings Institution, ICE, New York Times, American Immigration, Taxation, Economic, Manhattan Institute, FEMA, RNC, Peterson Institute for International Economics, American Immigration Council, Peterson Institute Locations: Los Angeles, Springfield, Aurora, Ohio, Colorado, Arizona, Yuma , Arizona, Mexico, Yuma, Tucson, Reading , Pennsylvania, US, Aurora , Colorado

PITTSBURGH — Inside Acrisure Stadium, home of the Pittsburgh Steelers, Minnesota Gov. “The Steelers are largely a cultural identity for the whole region,” said state Rep. Nick Pisciottano, a Democrat from Allegheny County. “I mean, Brown is the Pittsburgh Steelers’ [second] all-time leading receiver. “Former Pittsburgh Steelers are split on the Presidential election,” Ryan Clark, an ESPN personality and former Steelers safety, posted on X. For Pisciottano, the difference between Trump’s and Harris’ Steelers backers is that Harris’ have much more substantial ties to Pittsburgh and the region than Trump’s do.

Persons: Tim Walz, Will Allen, ”, Antonio Brown, Allen, deriding Walz, Donald Trump, ” Brown, Trump, Kamala Harris, Brown, Harris, Walz, Bell, Nick Pisciottano, Joe Greene, Jerome Bettis, Franco Harris, Mel Blount, Le'Veon Bell, Jim Watson, Mike Wallace, Jack Lambert, couldn’t, —, ” Allen, “, Tim ”, “ Trump, MAGA Memecoin, Sen, JD Vance, Donald Trump Jr, Alex Bruesewitz, ” Bruesewitz, It’s, he’s, Bruesewitz, Maxx Crosby, Lawrence Taylor, He’s, ” Ryan Clark, Troy Polamalu, Clark, ” Dave McCormick, ” Gregg Paladina, Josh Shapiro, Antonio Brown’s, ” Dok Harris, Franco Harris ’, they’re, Lynn Swann, Dan Rooney, Barack Obama, Rooney, … Organizations: PITTSBURGH, Pittsburgh Steelers, Minnesota Gov, Steelers, “, Super, Trump, Democrat, New York Jets, Democratic National Committee, Getty, Fame, ’ Steelers, ”, Daily, Pittsburgh Steelers ’, Kodak, NFL, Las Vegas Raiders, New York Giants, Steeler, “ Former Pittsburgh Steelers, ESPN, GOP, NBC News, Democratic Gov, Trump Steelers, Harris ’ Steelers, Pittsburgh Locations: Latrobe , Pennsylvania, Pennsylvania, Allegheny County, Latrobe , Pa, AFP, Latrobe, R, Ohio, Acrisure, Trump, Florida, “, New Castle , Pennsylvania, Pittsburgh, Ireland

Tech billionaire Darwin Deason has spent about $86 million creating his own personal Versailles. It took years to finish the Sand Castle, his Pacific Ocean-front estate in La Jolla, California. The tech billionaire has listed his opulent estate overlooking the Pacific Ocean in La Jolla, California, for $108 million. AdvertisementOver about six years, the Journal said, Deason spent about $60 million turning the lots into a sandy-colored, balcony-laden 13,000-square-foot mansion. Deason mainly uses the 10-bedroom property, located at 1900 Spindrift Drive and dubbed the Sand Castle, as a vacation retreat.

Persons: Darwin Deason, Deason, —, Darwin, Egon Durban, Forbes, Brett Dickinson, Ross Clark Organizations: Tech, Service, Affiliated Computer Services, Xerox, Wall Street, of, Compass Locations: Versailles, La Jolla , California, Diego County, of Versailles, South of France, Dallas, Texas, Mexico, La Jolla

☆ Compass CEO Robert Reffkin talks the housing market
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompass CEO Robert Reffkin talks the housing marketRobert Reffkin, Compass CEO & co-founder, joins 'Closing Bell Overtime' to talk integrating AI into its business, latest housing data, and more.

Persons: Robert Reffkin Organizations: Compass

☆ Ken Griffin's move to Florida means losing millions on homes he never even lived in
▼ + stars: | 2024-10-21 | by ( Lian Kit Wee | Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Ken Griffin's Chicago penthouse — listed for $10 million less than he paid for it — has a buyer. A representative for Griffin said that his real-estate investments in Florida make up for the loss. AdvertisementGriffin and the listing agents for the Chicago penthouse did not respond to requests for comment sent by Business Insider. In 2023, he added, only four properties sold for that amount. AdvertisementAccording to Rafael Murillo, a Compass agent in Chicago, properties that cost eight figures are not a regular occurrence.

Persons: Ken Griffin's, —, Griffin, Ken Griffin, Walton, he's, Zia Ahmed, Michael LaFido, Knight, Rafael Murillo, Murillo, Michael Jordan's, Jordan, LaFido, homebuyers Organizations: Service, Citadel, Cook, Bloomberg, Chicago, Business, Chicago Tribune Locations: Ken Griffin's Chicago, Florida, Chicago, Gold Coast, Lake Michigan, South Florida, Coconut Grove, Miami, Palm Beach, Chicagoland, New York, city's St, Regis, Highland, COVID, Illinois

WASHINGTON — Michael Cohen is an unlikely civil rights warrior. Where Cohen, now a voluble Trump critic, aligns with civil rights advocates is on trying to turn the tide on the Supreme Court’s hostility to claims against federal officials for constitutional violations. Cohen also faces an unlikely alliance opposing his request: Joe Biden and Donald Trump. The current president’s Justice Department has filed a brief agreeing with the former president that the Supreme Court should not get involved. In Trump’s brief, his lawyer Alina Habba wrote that lower courts “faithfully applied” Supreme Court precedent in ruling against Cohen.

Persons: WASHINGTON — Michael Cohen, Donald Trump, Cohen, Trump, —, ” Cohen, ”, Mark Milley, William Barr, Jon, Michael Dougherty, Egbert, “ Bivens, Bivens, Patrick Jaicomo, Joe Biden, Elizabeth Prelogar, Biden, Alina Habba, Vladimir Putin, Bill Barr Organizations: Trump, Republican, Joint Chiefs, Staff, Federal Bureau of Narcotics, Border Patrol, for Justice, NBC News, 2nd Circuit U.S, president’s Justice Locations: New York

☆ U.S. economy is more robust than what people are saying, Compass Diversified CEO says
▼ + stars: | 2024-10-08 | 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 EmailU.S. economy is more robust than what people are saying, Compass Diversified CEO saysElias Sabo, the CEO of Compass Diversified, discusses the U.S. economy and consumer demand.

Persons: Elias Sabo Organizations: U.S, Compass

☆ The Best Survival Kits and Emergency Supplies of 2024
▼ + stars: | 2024-10-07 | by ( Harry Rabinowitz | ) www.nbcnews.com time to read: +11 min

An emergency kit — sometimes called a survival kit — can help you be more prepared. Nearly half of Americans (48%) have already assembled some kind of emergency supplies, according to FEMA’s 2023 National Household Survey. SKIP AHEAD How I picked the best emergency kits and supplies | Top-rated emergency kits of 2024 | Top-rated emergency supplies of 2024 | Why trust NBC Select? Top-rated emergency kits of 2024These top-rated emergency kits have most of the supplies recommended from agencies like FEMA, the CDC and The American Red Cross. Persons: 1 | Time: 72 hours | Weight: UnlistedTop-rated emergency supplies of 2024You’ll probably want to supplement any pre-built survival kit with other tools and supplies.

Persons: U.S . Department of Homeland Security’s, you’re, I've, Judy, Max, You’ll, TikTok Organizations: U.S . Department of Homeland, Survey, FEMA, CDC, NBC, U.S . Department of Homeland Security, for Diseases Control, Prevention, NOAA Weather, Judy, Utah Department of Public, AA, AAA, Ready.gov, Radio, NOAA, Cross, U.S . Geological Survey, Entertainment, Facebook, Twitter Locations: U.S

"We have kind of a two-level house — it's not a two-story, but there are two levels," Smith-Frady told Business Insider. AdvertisementIn May 2024, the average cost of flood insurance in Florida was $781 a year, according to personal-finance company NerdWallet. Advertisement"It basically makes the home a total loss if they don't have flood insurance," Meyer Lucas said. "In Florida, there's really high flood risk, which I think is broadly understood, but that the cost associated with that flood risk is not being captured in home values." "The storms are happening so diversely in so many different areas of the state," D'Amario told Business Insider.

Persons: Helene, —, Hurricane Helene, Alexis Smith, Smith, Frady, Idalia, She's, Katie Mallah, Mallah, Katie Mallah Mallah, it's, Heather Cameron, Cameron, Holly Meyer Lucas, Meyer Lucas, Jon Schneyer, Pete, haven't, Jesse Gourevitch, there's, Ryan D'Amario, D'Amario Organizations: Service, FEMA, Business, Flood Insurance, Hurricanes, Sunshine State, Farmers Insurance, Bankers Insurance, Miami Herald, Capital Economics, Palm, Street Journal, Environmental Defense Fund Locations: Florida, St, Petersburg, Hurricane, Bradenton, North Carolina, Tampa, Sarasota, St . Petersburg, Shore, Shore Acres , Florida, Insurify, Palm Beach, Nature, Appalachia, Gulf

☆ Gen Z found a home in Asheville. Hurricane Helene swept it away.
▼ + stars: | 2024-10-05 | by ( Allie Kelly | Jordan Pandy | ) www.businessinsider.com time to read: +10 min

But natural disasters like Helene may influence if Gen Zers stay in western North Carolina. The 24-year-old and her partner moved to Asheville, North Carolina from Philadelphia a few weeks ago and signed a lease on their new apartment. AdvertisementGen Zers moved to Asheville for work opportunities and communityOver the past decade, Gen Z has been flocking to the Asheville area. Scott Pridemore of Pridemore Properties at Compass, a real-estate brokerage in North Carolina, told BI that many people go to nearby universities like Appalachian State University or University of North Carolina Asheville and never leave. "Post Covid, we definitely saw a lot of people opting for life in the North Carolina Mountains," Pridemore said.

Persons: Z, Helene, Gen Zers, —, Sierra Isley, Isley, Mario Tama, Zers, Gen Z, Hector Hernandez, Arroyo Hector Hernandez, Arroyo, He's, Hernandez, he's, Iliana, Villatoro, Scott Pridemore, Pridemore, Marilyn Wright, Wright, we're, She's, she's, Rink, Helene devastates Organizations: Service, River Arts, Asheville, Census, Appalachian State University, University of North, University of North Carolina Asheville Locations: Asheville, North Carolina, Asheville , North Carolina, Philadelphia, River, Gulf, Buncombe, Atlanta, Durham, Greensboro, Villatoro, University of North Carolina, California, Northeast , Texas, Florida, Raleigh, Lexington , Kentucky, Asheville —

☆ I flew a Boeing 737 Max simulator and it gave me a new respect for just how hard being a pilot really is
▼ + stars: | 2024-10-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +6 min

I tried out two flight simulators, including one for a Boeing 737 Max. AdvertisementI write about planes nearly every day at Business Insider, but trying out a Boeing 737 Max flight simulator gave me new insights into just how much skill and dedication is required to be a pilot. I was helped along the way by Matthew Yemm, a Skyborne flight instructor who spent a decade in the Royal Navy. Flying the 737 MaxThe more imposing simulator was that of a Boeing 737 Max. The entrance to the Boeing 737 Max simulator.

Persons: —, Matthew Yemm, Pete Syme, Max, Nick Heard, Skyborne, it's enthralling, Heard, wasn't, I'd Organizations: Boeing, Service, Business, Max, Gloucestershire Airport, Royal Navy, Royal Air Force, Cathay Pacific, MCC Locations: England, Gloucestershire

☆ A new report from Redfin shows how stuck the housing market really is
▼ + stars: | 2024-09-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

A rate cut by the Federal Reserve this month has fueled hopes that the interest rate-sensitive housing market will soon experience a fresh jolt. “What this data tells us is that the housing market in 2024 has been really frozen,” said Chen Zhao, Redfin’s economic research lead. Zhao said a market where 30 to 40 of every 1,000 homes changed hands would signify a healthier housing landscape. “That very low inventory on the market was one of the primary drivers of there being so little turnover.”A shortage of new home construction also contributed to America’s sluggish housing market. “Getting to a healthy housing market is very hard from this point,” Zhao said.

Persons: ”, Chen Zhao, “, Zhao, Redfin, —, Jeremiah Vancans, Vancans, ’, Patrick Chamberlin, Chamberlin, Freddie Mac, it’s, ” Zhao, we’ve Organizations: CNN, Federal Reserve, California ., “, Boston, Consumer Financial Protection Bureau, National Association of Realtors Locations: —, Redfin, California, California . Los Angeles, Los Angeles, Austin , Texas, The Texas, Sun Belt, New York City, Phoenix

☆ Homebuyers are much more active than they were before, says Compass CEO Robert Reffkin
▼ + stars: | 2024-09-27 | 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 EmailHomebuyers are much more active than they were before, says Compass CEO Robert ReffkinRobert Reffkin, Compass founder and CEO, joins 'Squawk Box' to discuss the state of the real estate market, impact of the Fed's interest rate decision and lower mortgage rates, housing demand outlook, and more.

Persons: Robert Reffkin Robert Reffkin Organizations: Compass

☆ Caroline Ellison, former FTX exec and Sam Bankman-Fried's ex-girlfriend, sentenced to 2 years in prison
▼ + stars: | 2024-09-24 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Caroline Ellison, whose testimony helped convict her former boss and ex-boyfriend, disgraced cryptocurrency mogul Sam Bankman-Fried, was sentenced Tuesday to two years in prison for fraud and conspiracy. Ellison, 29, accepted a plea deal to charges of conspiracy and financial fraud in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried was convicted of all seven criminal fraud charges against him and sentenced to 25 years in prison. Lawyers for Ellison had asked that she be sentenced to time served and supervised release, citing her cooperation. Ryan Salame, a former top lieutenant of Bankman-Fried, was the first of the FTX executive team to be sentenced.

Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis A, Kaplan, FTX spiraled, Fried, Prosecutors, John Ray, disentangling, FTX, Ryan Salame, Nishad Singh, Gary Wang Organizations: FTX, CNBC, Bankman, U.S, Alameda Research, Super Bowl Locations: U.S, Manhattan, Bahamas, Washington, Caribbean, Bankman

SKIP AHEAD How I tried the Apple Watch Series 9 | Why I love the Apple Watch Series 9 | What I don’t love about the Apple Watch Series 9 | What’s Apple’s return policy? What to know about the Apple Watch Series 9The Apple Watch Series 9 replaces last year’s Series 8 model, one of our favorite smartwatches and fitness trackers. What I like about the Apple Watch Series 9Like its predecessors, the Apple Watch Series 9 is easy to use. What I don’t love about the Apple Watch Series 9Out of the box, the Apple Watch has always been smart, notifying me about everything — my group texts, multiple email inboxes, reminders to stand up and more. Only products purchased directly from Apple, either online or at an Apple store, can be returned to Apple — an Apple Watch purchased through Amazon follows Amazon’s return policy.

Persons: What’s Apple’s, Siri, Jet Black, Rose Gold, Harry Rabinowitz I’ve, I’ve, Harry Rabinowitz, TikTok Organizations: Apple, Garmin, Samsung, Google, Apple’s Health, Apple Watch, Amazon, NBC, Facebook, Twitter

☆ Mohamed Al-Fayed, the late billionaire with links to the royal family, has been accused of sexually abusing multiple women
▼ + stars: | 2024-09-20 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewMohamed Al-Fayed, an Egyptian-born billionaire, owned Harrods, a luxury London department store, for 26 years. After decades of fame and controversy, Al-Fayed died last August aged 94. Now, after years of mounting evidence and speculation, multiple women have come forward to say Al-Fayed sexually assaulted them. I just wanted it to be over," one unnamed woman, who said Al-Fayed raped her at his apartment in London's upmarket Park Lane, told the broadcaster. Al-Fayed owned Harrods for 26 years and later owned Fulham Football Club and the Paris Ritz.

Persons: —, Mohamed Al, Fayed, Princess Diana's, Dodi Fayed, Al, Gloria Allred, Mohamed Al Fayed, Forbes, Diana, Prince William, Prince Harry, St . Tropez Organizations: Service, Business, Harrods, Sky News, BBC, Al, CNN, Fulham Football Club, Paris Locations: Egyptian, Harrods, London, Paris, Park, St .

☆ Jeep CEO enacts turnaround plan after significant sales declines
▼ + stars: | 2024-09-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Nonetheless, Jeep CEO Antonio Filosa believes the brand's worst days are behind it and it's still possible to achieve the 1 million sales target. Jeep salesFilosa said Jeep, which reports sales quarterly, saw U.S. sales rise last month: They were up 28% from August 2023 and 55% from July. The New York Stock Exchange welcomes The Jeep Brand (NYSE: STLA) to the podium, on May 31, 2024. Ahead of such vehicles, Jeep has increased its media spending by 20% compared with the first half of the year, according to the automaker. 2024 Jeep Wagoneer S EV Jeep

Persons: Michael Wayland, Antonio Filosa, Filosa, Cox, Filosa's, Carlos Tavares, Stellantis, Jeep, Lynn Martin, Tavares, Bob Broderdorf, Nathan Laine Organizations: CNBC DETROIT, Jeep, Cherokee, Cox Automotive, CNBC, Council, New York Stock Exchange, Brand, NYSE Group, NYSE, Fiat Chrysler, France's PSA Groupe, Paris, Bloomberg, Getty, U.S, EV Locations: U.S, American

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