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☆ Adidas employees raised concerns about Ye's conduct for years, report says
▼ + stars: | 2022-11-27 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

The presentation included a number of mitigation strategies that included cutting ties with the Yeezy creator, the report said. During one meeting in September of this year, the report said, Ye accused Adidas executives of stealing his designs and showed them a clip of an adult video. A month later, Adidas announced that it is investigating accusations made by staff relating to Ye's conduct after an anonymous letter alleged years of abuse. Some of them had raised concerns about Ye to leaders and human resources at Adidas as far back as 2018. "It is currently not clear whether the accusations made in an anonymous letter are true," Adidas said in a statement Thursday.

☆ The U.S. is 'certainly' still in a Covid-19 pandemic, Dr. Fauci says
▼ + stars: | 2022-11-27 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Dr. Anthony Fauci, White House chief medical advisor, speaks during a briefing on COVID-19 at the White House on November 22, 2022 in Washington, DC. The nation's top infectious disease expert, Dr. Anthony Fauci, said the U.S. is "certainly" still in the middle of a Covid-19 pandemic and he is "very troubled" by the divisive state of American politics. "I don't care if you're a far-right Republican or a far-left Democrat, everybody deserves to have the safety of good public health and that's not happening." The 81-year-old became a household name during the Covid-19 pandemic, battling back against misinformation — sometimes from the highest levels of government. White House Covid-19 Response Coordinator Dr. Ashish Jha said Sunday he knows it has been a long two years for Americans, but that it is still "incredibly important" to get vaccinated ahead of the holiday season.

☆ Black Friday online sales top $9 billion in new record
▼ + stars: | 2022-11-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers' websites. Overall online sales for the day after Thanksgiving were up 2.3% year over year, and electronics were a major contributor, as online sales surged 221% over an average day in October, Adobe said. Black Friday shoppers also broke a record for mobile orders, as 48% of online sales were made on smartphones, an increase from 44% last year. Typically, shoppers spend about $2 billion to $3 billion online in a day, according to Adobe. Adobe expects consumers to spend $4.52 billion on Saturday and $4.99 billion on Sunday, ahead of the year's biggest online shopping day, Cyber Monday.

☆ Trump would beat DeSantis in 2024, as Biden approval rate remains underwater, new poll finds
▼ + stars: | 2022-11-22 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Ron DeSantis by a wide margin in a hypothetical 2024 Republican presidential primary, according to a new poll. Trump received 55% of Republican registered voters' support, while DeSantis, his potential rival for the White House nomination, received just 25%, the Emerson College poll found. And in a potential rematch of the 2020 election in 2024, Biden would defeat Trump by a margin of 45% to 41%, the survey found. Voters with a high school degree or less support Trump by 71%. Republican voters with a postgraduate degree support Trump the least, at 32%.

☆ UK to investigate Apple and Google's 'stranglehold' over browsing
▼ + stars: | 2022-11-22 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

The U.K.'s Competition and Markets Authority launched an investigation Tuesday into Apple and Google 's control of the mobile browser market. The authority will explore the companies' "stranglehold" over browsing, as well as Apple's control over cloud gaming through the App Store, it said in a release. The agency said Google and Apple powered 97% of all web browsing that took place in the U.K. in 2021. "Many U.K. businesses and web developers tell us they feel that they are being held back by restrictions set by Apple and Google," she said. It also enables developers to choose the browser engine they want, and has been the launchpad for millions of apps.

Photo of Neil Walter included in an FBI affidavit file in federal court in connection with criminal charges against Michigan man seen in fotos for threatening FBI director and member of Congress. A Michigan man who owns a registered handgun was arrested for allegedly making death threats against FBI Director Chris Wray two weeks after allegedly making similar threats against Democratic Rep. John Garamendi, of California, according to a federal court filing released Tuesday. The man, identified as Neil Matthew Walter, was charged with transmitting in interstate commerce a communication containing a threat to injure another person. You're gonna die," the voicemail said, according to an affidavit by an FBI agent that was attached to the complaint. Walter then "placed the handgun in the pocket of his hooded sweatshirt but kept his hand over the firearm during police contact."

Photo of Neil Walter included in an FBI affidavit file in federal court in connection with criminal charges against Michigan man seen in fotos for threatening FBI director and member of Congress. A Michigan man who owns a registered handgun was arrested for making death threats against FBI Director Chris Wray two weeks after making similar threats against Democratic Rep. John Garamendi of California, according to a federal court filing released Tuesday. The man, identified as Neil Matthew Walter, was charged with transmitting in interstate commerce a communication containing a threat to injure another person. You're gonna die," the voicemail said, according to an affidavit by an FBI agent attached to the complaint. Walter then "placed the handgun in the pocket of his hooded sweatshirt but kept his hand over the firearm during police contact."

☆ Coinbase shares tumble as bitcoin slide continues, investors fear contagion from FTX collapse
▼ + stars: | 2022-11-21 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Coinbase shares fell more than 8% Monday, extending a slide that's pushed the crypto exchange to its lowest point since its market debut in April 2021. The drop comes as bitcoin's slump continues and investors worry about contagion from FTX's spectacular collapse earlier this month. In June, the crypto exchange slashed 18% of its workforce. WATCH: CNBC's full interview with Coinbase CEO Brian Armstrong

☆ Former anti-abortion leader alleges Supreme Court leaked another landmark case, report says
▼ + stars: | 2022-11-19 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

A view of the U.S. Supreme Court building on the first day of the court's new term in Washington, U.S. October 3, 2022. Schenck said the ruling was also shared with a handful of advocates, according to the report. The Burwell v. Hobby Lobby decision was a victory for conservatives, much like the Supreme Court's recent 5-4 decision to overturn Roe v. Wade, the historic ruling that established the constitutional right to abortion in the U.S. in 1973. In Burwell v. Hobby Lobby, the court ruled that it was a violation of religious freedom for family-owned businesses to be required to pay for insurance that covers contraception. Representatives for the Supreme Court and Chief Justice John Roberts didn't immediately comment.

☆ Sam Bankman-Fried admits FTX got 'overconfident and careless' ahead of collapse
▼ + stars: | 2022-11-16 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022. Former FTX CEO Sam Bankman-Fried said on Wednesday that the cryptocurrency exchange got "overconfident" and "careless" as it grew into a $32 billion juggernaut. His comments come days after FTX filed for Chapter 11 bankruptcy protection at the end of a catastrophic week. In a series of tweets on Wednesday, Bankman-Fried said "problems were brewing" that were "larger than [he] realized." The FTX founder said the company's assets were "fine" two days before he was desperate for a rescue because of a liquidity crunch.

☆ Cisco shares pop on earnings beat and increased 2023 forecast
▼ + stars: | 2022-11-16 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Cisco reported fiscal first-quarter results on Wednesday that beat analysts' estimates and boosted its guidance for fiscal 2023. Here's how the company did:Earnings per share: 86 cents vs. 84 cents expected , according to Refinitiv86 cents vs. 84 cents expected according to Refinitiv Revenue: $13.6 billion vs. $13.3 billion expected by analysts, according to RefinitivRevenue increased 6% year over year, while net income slid 10% to $2.7 billion. The company now expects sales growth in fiscal 2023 of 4.5% to 6.5%, up from a prior forecast that called for growth of 4% to 6%. Cisco's top business segment, which includes data-center networking switches, delivered $6.68 billion in revenue, up 12% from a year earlier. Sales in the Collaboration segment, which features Webex, contributed $1.1 billion in revenue, down 2% year over year.

The lending arm of the bank serves an institutional client base and is known as Genesis Global Capital. Genesis Trading, which acts as Genesis Global Capital's broker/dealer, is independently capitalized and operated separately from that lending unit, interim CEO Derar Islim told customers on a call Wednesday, according to CoinDesk. He reportedly added that Genesis' trading and custody services remain fully operational. Sam Bankman-Fried's cryptocurrency exchange FTX filed for Chapter 11 bankruptcy protection in the U.S. last week, according to a company statement posted on Twitter. Approximately 130 additional affiliated companies are part of the proceedings, including Alameda Research, Bankman-Fried's crypto trading firm, and FTX.us, the company's U.S. subsidiary.

☆ Musk tells Twitter employees they can still receive stock even though the company is private
▼ + stars: | 2022-11-14 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Musk said the stock plan will resemble the one in place at SpaceX, where he is also CEO. SpaceX employees are granted their stock awards twice a year, on May 15 and Nov. 15. Musk told Twitter employees that "exceptional amounts" of shares will be granted for "exceptional performance." When Musk first took over, some Twitter employees were concerned that he would hasten to fire them before a crucial vesting date. As with SpaceX, exceptional amounts of stock will be awarded for exceptional performance.

☆ Google settles with 40 states over location tracking practices
▼ + stars: | 2022-11-14 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Google agreed to a $391.5 million settlement with 40 states over its use of location tracking, Oregon Attorney General Ellen Rosenblum announced Monday. Even when users thought they'd turned off location tracking in their account settings, Google continued to collect information regarding their whereabouts, Oregon's AG office said. The settlement requires Google to be more transparent with users and provide clearer location tracking disclosures beginning in 2023. Consumers thought they had turned off their location tracking features on Google, but the company continued to secretly record their movements and use that information for advertisers." Google settled a similar lawsuit with Arizona for $85 million last month, and the company faces additional location tracking lawsuits in Washington, D.C., Indiana, Texas and Washington state.

☆ Amazon reportedly plans to lay off about 10,000 employees starting this week
▼ + stars: | 2022-11-14 | by ( Ashley Capoot | ) www.cnbc.com time to read: 1 min

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. Amazon will lay off more than 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. This is breaking news. Please check back for updates.

☆ Sen. Ed Markey hits back at Elon Musk after his response to questions about impersonation
▼ + stars: | 2022-11-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Sen. Ed Markey chastised Twitter's owner Elon Musk Sunday for his response to Markey's request for answers about the platform's new verification and impersonation policies. In response, Musk wrote back to Markey in a tweet Sunday and said, "Perhaps it is because your real account sounds like a parody?" Or Congress will," Markey wrote in a tweet Sunday. The account received a blue verified checkmark, even though Markey already has two legitimate verified accounts. The exchange between Musk and Markey on Twitter is not the first time the pair has gone head-to-head.

☆ Pelosi says Republican's 'red wave' turned into a 'little, tiny trickle'
▼ + stars: | 2022-11-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Nancy Pelosi, Speaker of the U.S. House of Representatives, speaks to the media during the UNFCCC COP27 climate conference on November 11, 2022 in Sharm El Sheikh, Egypt. As states across the country continue to count votes in a tight battle for control of the House of Representatives, House Speaker Nancy Pelosi said Democrats "haven't given up." Republicans had hoped, and many had openly anticipated, a "red wave" would wash Democrats out of their majorities in both branches of the legislature. A California man, David DePape, broke into the couple's San Francisco home, wielded a hammer and was prepared to kidnap and break the kneecaps of Nancy Pelosi, federal prosecutors revealed in a criminal complaint. DePape, 42, was charged with the federal crimes of attempted kidnapping of a federal official and assaulting an immediate family member of a United States official with the intent to retaliate against the official.

In this photo illustration a Twitter logo seen displayed on a smartphone screen with Elon Musk Twitter in the background in Athens, Greece on October 30, 2022. A large number of Twitter's contract workers discovered they were suddenly terminated this weekend after they lost access to Slack and other work systems, according to internal communications shared with CNBC by full-time Twitter employees. An estimated 4,400 of its 5,500 contract workers were cut, according to Platformer, which first reported on the cuts. Twitter co-founder Jack Dorsey apologized last week for growing the company "too quickly," a day after the social media company carried out the layoffs. Since he has taken over, Musk has informed remaining Twitter employees that he sold billions of dollars worth of shares in Tesla , his electric vehicle business, to "save" Twitter.

☆ Trump sues Jan. 6 committee to avoid testifying in the investigation
▼ + stars: | 2022-11-12 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump speaks at a rally to support Republican candidates ahead of midterm elections, in Dayton, Ohio, U.S. November 7, 2022. Former President Donald Trump filed a lawsuit Friday night to avoid cooperating with a subpoena from the House select committee investigating the Jan. 6 riot at the U.S. Capitol. The House select committee voted unanimously on the subpoena and is demanding Trump's testimony under oath as well as records relevant to the probe into the attack. It will be difficult for the panel to secure Trump's testimony before then. Trump's lawsuit was filed in the Southern District of Florida and has not yet been assigned to a judge.

☆ Leaked video: Mark Zuckerberg addresses Meta employees after mass layoff
▼ + stars: | 2022-11-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: 1 min

Meta CEO Mark Zuckerberg addressed employees virtually on Wednesday around 1pm ET, hours after the company announced it is laying off 13% of its staff. In a letter early Wednesday morning, Zuckerberg said Meta is making reductions in every organization but that recruiting will be disproportionately affected since the company plans to hire fewer people in 2023. The company extended its hiring freeze through the first quarter with a few exceptions, Zuckerberg said. Impacted employees will receive 16 weeks of pay plus two additional weeks for every year of service, Zuckerberg said. Here's a transcript of what he said in the video segment:

☆ Elon Musk reverses course, kills new 'official' designation for big-name tweeters
▼ + stars: | 2022-11-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

In his latest series of changes to Twitter's verification system, Twitter owner Elon Musk said he has already "killed" the new "official" designation Wednesday that had started rolling out for some of the platform's biggest names earlier in the day. Some originally verified accounts would sport an "official" label, Crawford said, while any user who pays $7.99 per month for Twitter Blue, the company's subscription product, would sport a blue check mark. Musk himself has benefited from having the Twitter verification check mark. In a tweet Wednesday, Musk wrote, "Blue check will be the greatest leveler." Under Musk's direction, the new Twitter Blue check mark will instead work as a paying subscriber badge that the company nonetheless plans to call "verification."

☆ Meta shares pop 7% as Wall Street rallies around layoffs
▼ + stars: | 2022-11-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. for a virtual future. Shares of Meta jumped more than 7% Wednesday after the company announced it will lay off more than 11,000 employees. Analysts at UBS were encouraged by Meta's announcement Wednesday and said they believe the layoffs are a clear sign that the company "gets it." The analysts reiterated their buy rating on Meta shares and said they liked Zuckerberg's comment about becoming "more capital efficient" in his employee memo. "We think Meta cost reductions – across opex and capex - signals that the company hears investors, and we think the shares can move higher," they wrote in a Wednesday note.

☆ Roblox shares sink after reporting bigger loss than expected
▼ + stars: | 2022-11-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. Shares of Roblox fell more than 15% in premarket trading Wednesday after the company reported a third-quarter loss but beat analyst estimates for bookings revenue. Here's how the company did:Loss per share: 50 cent loss vs. 35 cent loss per share expected, according to Refinitiv50 cent loss vs. 35 cent loss per share expected, according to Refinitiv Revenue (bookings): $702 million vs. $686 million expected, according to RefinitivThe revenue figure is what Roblox calls bookings, which include sales recognized during the quarter and deferred revenue. Roblox said average bookings per daily active user was $11.94, down 11% year over year. The company saw bookings swell more than 200% during the pandemic when kids were spending more time on their screens while stuck at home.

☆ Stocks making the biggest moves midday: Disney, Meta Platforms, Lucid Motors, Roblox and more
▼ + stars: | 2022-11-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Meta Platforms — The stock jumped 8% after the company announced it will lay off more than 11,000 employees. News Corp — Shares slid 5% after the company reported a slight miss on its fiscal first quarter earnings, compared to FactSet estimates. AMC Entertainment — Shares dropped 9.8% after the company reported another quarterly loss as operational costs increased. SeaWorld Entertainment — The stock fell 8% after the company reported weaker-than-expected earnings or $1.99 per share on revenue or $565 million. Roblox — Shares tumbled more than 15% after the company reported a bigger loss than expected for the third quarter.

☆ Judge denies disgraced former Theranos CEO Elizabeth Holmes' motion for new trial
▼ + stars: | 2022-11-08 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

A federal judge denied Theranos founder Elizabeth Holmes' motion for a new trial Monday, according to a court filing. The 38-year-old, a one-time billionaire and darling of Silicon Valley who promised a revolutionary blood-testing technology, was found guilty in January of four charges in her criminal fraud trial. Jurors convicted Holmes of one count of conspiracy to commit wire fraud and three counts of wire fraud against specific investors. U.S. District Court Judge Edward Davila denied Holmes' motion for a new trial based on the new evidence she brought forward. Each wire fraud count carries a maximum sentence of 20 years in prison and the conspiracy count carries a maximum of five years.

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