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☆ New Senate bill aims to kill proposed SEC rule on AI conflicts of interest
▼ + stars: | 2024-02-06 | by ( Emily Wilkins | ) www.cnbc.com time to read: +3 min

More than 20 Republican lawmakers in the House and Senate sent Gensler a letter last fall, calling on the SEC to withdraw the rule. Ted Cruz (R-Texas) and Bill Hagerty (R-Tenn.). The Senate bill currently lacks Democratic support, meaning it's unlikely to get much traction as long as Democrats control the Senate. If the final SEC rule is issued after the beginning of November, and not before it, then the rule could fall in the window of CRA, come January 2025. He also argued the precedent has been for the SEC to require firms to disclose potential areas of interest, not eliminate them completely.

Persons: Ted Cruz, Sen, Bill Hagerty, WASHINGTON —, Gary Gensler, Gensler, Sens, Cruz, Ritchie Torres Organizations: Republican, Republicans, U.S, Capitol, Washington , D.C, Securities and Exchange Commission, SEC, Senate, CNBC, Democratic, Act Locations: Texas, Washington ,

☆ Republicans target SEC's proposed AI rule for financial advisors
▼ + stars: | 2024-02-06 | 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 EmailRepublicans target SEC's proposed AI rule for financial advisorsCNBC's Emily Wilkins joins 'Squawk Box' with the latest news out of Washington.

Persons: Emily Wilkins Locations: Washington

ESPN, Fox and Warner Brothers Discovery announced plans on Tuesday to launch a sports streaming platform in the fall that will include offerings from at least 15 networks and all four major professional sports leagues. “This new sports service exemplifies our ability as an industry to drive innovation and provide consumers with more choice, enjoyment and value and we’re thrilled to deliver it to sports fans,” Warner Brothers Discovery CEO David Zaslav said in a statement. Photos You Should See View All 45 ImagesIt will include offerings from 15 linear networks — ESPN, ESPN2, ESPNU, SEC Network, ACC Network, ESPNEWS, ABC, FOX, FS1, FS2, Big Ten Network, TNT, TBS, truTV — and ESPN+. The announcement of the bundle also comes as ESPN and Warner Brothers Discovery are preparing to enter negotiations to renew their NBA rights, which expire at the end of next season. ESPN has also been searching for strategic partners as it prepares to launch a direct-to-consumer product in the next year or two.

Persons: ”, David Zaslav, truTV —, “, Lachlan Murdoch, Bob Iger Organizations: ESPN, Fox, Warner Brothers Discovery, ” Warner Brothers Discovery, NFL, NBA, MLB, NHL, WNBA, NASCAR, FIFA, ESPN2, ESPNU, SEC Network, ACC Network, ABC, FOX, Big Ten Network, TNT, TBS, Disney, ” Fox, ” Walt Disney Company Locations: Hulu

☆ Sen. Bill Hagerty on regulating AI in financial markets, fate of $118B border security package
▼ + stars: | 2024-02-06 | 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 EmailSen. Bill Hagerty on regulating AI in financial markets, fate of $118B border security packageSen. Bill Hagerty (R-Tenn.) joins 'Squawk Box' to discuss his opposition against proposed SEC rules on how financial advisors use AI, how to best regulate AI, why he's against the $118 billion border deal package, and more.

Persons: Email Sen, Bill Hagerty, Sen Organizations: Email, SEC

Reigning national champion Connecticut, Purdue and North Carolina remained atop The Associated Press Top 25 men's college basketball poll for the third consecutive week, while South Carolina cracked the rankings for the first time in nearly seven years. 1 for the fourth straight week in Monday's poll, while the Boilermakers topped the ballots of 16 other voters. The top of the poll remained set after a big week that included four top-10 matchups over the weekend, with Purdue winning at Wisconsin and UNC beating rival Duke. In all, nine teams moved up from last week's poll. The Big Ten, Big East and Mountain West conferences were next with three.

Persons: Lamont Paris, Creighton, ___ Organizations: Connecticut, Purdue, Press, Huskies, Boilermakers, Wisconsin, UNC, Duke, Kansas, Houston, Cougars, Wildcats, Fighting Illini, Gamecocks, San Diego State, TCU, Southeastern, Baylor, Iowa State, Texas Tech, Cincinnati, Florida Atlantic, UConn, CONFERENCE, SEC, Big, Atlantic Coast Conference, USA Locations: North Carolina, South Carolina, Marquette , Arizona, Duke, Illinois, Carolina, Oklahoma, Alabama, Mexico

☆ Meta warns investors that Mark Zuckerberg's love of extreme sports could kill him
▼ + stars: | 2024-02-02 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Meta CEO Mark Zuckerberg loves extreme sports and other high-risk activities. Now Meta is warning investors that Zuckerberg's risk tolerance could be a problem for the company. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meta is presumably referring to Zuckerberg's well-documented embrace of all kinds of brotastic fun, including mixed martial arts, hydrofoiling and CrossFit. AdvertisementSo while Meta does take Zuckerberg's well-being very seriously — in 2022 it spent $15 million on personal security for him and his family — it's unlikely they think he's really going to get really, really hurt.

Persons: Mark Zuckerberg, —, Zuckerberg, Meta, Elon Musk, who's, Musk's Tesla, Tesla, he's, Peers, I've Organizations: Service, Meta, SEC, Big Tech, SpaceX, Microsoft, Apple

☆ Tesla erases references to DEI from its new 10-K following Elon Musk’s criticisms
▼ + stars: | 2024-02-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —Tesla CEO Elon Musk has a new social media target: Diversity, Equity and Inclusion. Following Musk’s recent critical posts about DEI policies and racial discrimination lawsuits against Tesla, the electric car company has omitted all language regarding minority workers and outreach to minority communities in its 10-K filing with the SEC made January 29. In Musk’s eyes, DEI is “just as morally wrong as any other racism and sexism,” he tweeted in December. And as recently as 2020, Tesla had been publishing its own corporate DEI reports, reaffirming its commitment to the mission. CNN has reached out to Tesla for comment, though the company does not usually respond to press requests.

Persons: Elon Musk, Tesla, ”, It’s, George Floyd’s, Harvard’s, Claudine Gay, Gonzalo Fuentes, Bill Ackman, Musk, ” Musk, Owen Diaz, Mark Cuban, “, Catherine Thorbecke, Nicquel Terry Ellis Organizations: New, New York CNN, Equity, SEC, Bloomberg, Tesla, Black Colleges, Universities, ”, Asian Pacific Islanders, Minneapolis, CNN, SpaceX, Twitter, Viva Technology, Reuters Billionaire, Harvard, DEI, California Department of Fair, Housing, Fremont, Dallas Mavericks Locations: New York, America, Paris, France, Fremont , California, Fremont, United States, ” Cuban

☆ Tax season is underway. Here’s what investors should know to prepare
▼ + stars: | 2024-02-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Tax filing season officially started on Monday, and investors could pay the price following last year's stock market bonanza. Meanwhile, investors collected yields exceeding 5% in money market funds, certificates of deposit and high yield savings accounts. In New York, the top income tax rate is 10.9%, and it's 13.3% in California. Vanguard's New York Municipal Money Market Fund (VYFXX) has a 7-day SEC yield of 4.25% and an expense ratio of 0.16%. Fidelity offers the California Municipal Money Market Fund (FSPXX) , which has a 7-day yield of 3.54% and an expense ratio of 0.3%.

Persons: Tim Steffen, Brenna McLoughlin, you've, McLoughlin, Vanguard's, Sam Nofzinger, Steffen, it's, There's Organizations: Baird, Wealthstream Advisors, York Municipal Money Market Fund, SEC, Fidelity, Money Market Fund, Public Locations: Milwaukee, New York, California, York, –

A judge just voided Elon Musk's $55 billion Tesla pay package. The ruling, which Tesla can appeal, threatens Musk's spot as the richest person in the world. AdvertisementElon Musk's wealth is facing a potential financial hit after a Delaware judge struck down the billionaire's $55 billion Tesla pay package on Tuesday, voiding the record-setting executive compensation plan. Without the $51.1 billion compensation plan, Musk's net worth would drop to roughly $154 billion, knocking him down several notches on the current list of the world's richest people, Bloomberg reported. His pay package centers around 304 million stock options in 12 tranches tied to a series of goalposts around the carmaker's financial growth, BI previously reported.

Persons: Tesla, —, Elon, Musk, Jeff Bezos, He's, Bernard Arnault, tranches, Richard Tornetta, Greg Varallo, Delaware — Elon, Angela Reddock, Wright, Cynthia Augello, Joshua Tyler White, they're, They've Organizations: Elon Musk's, Bloomberg, Service, New York Times, SEC, Vanderbilt Locations: Delaware, French, Los Angeles, New York, China

☆ Ether takes center stage as bitcoin heads into one of its strongest months
▼ + stars: | 2024-01-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Ether is ready to take the limelight in the month ahead after bitcoin and newly-launched bitcoin ETFs dominated crypto investor attention in January. Both bitcoin and ether are on pace to finish the month higher by nearly 2%, according to Coin Metrics. As investors came to expect slow, steady flows into bitcoin through newly institutionalized ETFs in coming months, ether and altcoins have been ready for a breakout. February is a historically strong month for both bitcoin and ether. The SEC is due to give decisions on spot ETH ETF applications beginning in May.

Persons: Darius Tabatabai, Bitcoin, Jeff Dorman, Ethereum, Dorman, Jason Urban, bitcoin, they've, Polygon's, — CNBC's Michael Bloom Organizations: Metrics, ETH, Securities and Exchange Commission, SEC, BlackRock, Standard Chartered, Solana, Arca, Galaxy Locations: U.S, bitcoin, Invesco, Solana

☆ CNBC Daily Open: Fed rate cut path in sharp focus
▼ + stars: | 2024-01-30 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Traders react as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. REUTERS/Brendan McDermidThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street ends highU.S. stocks ended on a positive note on Monday. The S&P 500 closed at a new record high as Wall Street looked ahead to Big Tech earnings and the Federal Reserve's rate policy decision.

Persons: Brendan McDermid, Erek Barron, Biden, Joe Biden, Brad Gerstner Organizations: New York Stock Exchange, REUTERS, CNBC, Big Tech, Dow, Nasdaq, DOJ, SEC, of Justice, Securities and Exchange Commission, Republicans, Hamas Locations: New York City, U.S, Maryland, Iran, Jordan, Iraq, Iranian, Israel

☆ CNBC Daily Open: Fed rate cut timing in focus
▼ + stars: | 2024-01-30 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] SK Hynix analysts' top callSouth Korea's SK Hynix, the world's second-largest memory chipmaker, is getting a lot of attention. Analysts are bullish on the stock and expect SK Hynix to drive the next generation of AI growth.

Persons: Dow, Elon Musk's Tesla, Erek Barron Organizations: New York Stock Exchange, CNBC, CSI, Big Tech, Nasdaq, China EV, DOJ, SEC, of Justice, Securities and Exchange Commission, SK Hynix, South Korea's SK Hynix Locations: New York City, U.S, Hong Kong, Asia, China, Maryland

☆ Bill Ackman accuses Harvard of ‘election interference’ and Mark Zuckerberg wades into board battle
▼ + stars: | 2024-01-29 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Each January, Harvard University alumni are eligible to gather enough signatures to run for the university’s Board of Overseers. Mark Zuckerberg is throwing his support behind former Facebook exec Sam Lessin, a venture capitalist calling for significant reform to Harvard. Ackman, who led the campaign to oust former Harvard president Claudine Gay, is drawing attention to the tedious process of gathering signatures from alumni. “In the securities world, the SEC would come in an prosecute a company that made it this difficult to vote for an alternative slate,” Ackman wrote. It’s not more complicated than that.”During the virtual event on Friday, Zuckerberg said Lessin is the “type of person” he’d want governing Harvard.

Persons: Mark Zuckerberg, Sam Lessin, Lessin, Penny Pritzker, Bill Ackman, Ackman, Claudine Gay, Gay, “, ” Ackman, ” Harvard, Bill, ” Lessin, ”, they’ve, Zuckerberg, Josh Kushner, Alfred Lin, Mark, He’s, It’s, Sam, ” Zuckerberg Organizations: New, New York CNN, Harvard University, university’s, Harvard, Facebook, Harvard Corporation, SEC, “, CNN, Sequoia Locations: New York, Harvard, Israel

☆ Watch CNBC's full interview with Andreessen Horowitz general partner Chris Dixon
▼ + stars: | 2024-01-29 | 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 EmailWatch CNBC's full interview with Andreessen Horowitz general partner Chris DixonChris Dixon, Andreessen Horowitz general partner, joins 'Squawk Box' to discuss the ramifications of SEC's spot bitcoin ETFs decision, the NFT market, the state of crypto at large, future of crypto regulation, and more.

Persons: Andreessen Horowitz, Chris Dixon Chris Dixon

Wisconsin rode a slew of losses by top-10 teams, and wins over Minnesota and Michigan State, to climb seven spots to No. Wisconsin moved up seven spots, New Mexico moved up six and Duke, Marquette and Texas Tech all advanced five spots. Their gain came in part at the expense of Oklahoma, which tumbled 12 spots to No. CONFERENCE WATCHThe Big East, Big Ten, ACC, Big 12 and SEC each have a top-five team — in fact, each had two in the top 10. But the Big 12 still leads the overall Top 25 count with eight ranked teams after the Horned Frogs returned to the poll this week.

Persons: Xavier, Danny Hurley, Hurley, we're, Zach Edey, Duke, Lamont Paris, ___ Organizations: UConn, Purdue, Huskies, Boilermakers, Cougars, NCAA, Rutgers, Big, Heels, Wake, Florida State, BYU, Kansas State, Tennessee, Vanderbilt, That's, Minnesota, Michigan State, Badgers, South, Iowa State, Kansas, The Cyclones, Creighton, Texas Tech, Oklahoma, Auburn, Mississippi State, Utah State, Baylor, Florida, Alabama, TCU, Duke, Dayton, Flyers, Richmond, Crimson Tide, Memphis, UAB, Colorado State, Gamecocks, Kentucky, CONFERENCE, Big Ten, ACC, SEC, AP Locations: North Carolina, Houston, Tennessee, Wake Forest, Florida, Wisconsin, Kansas, Marquette and Kentucky, South Carolina, Arizona, Creighton , Illinois, Alabama, Mississippi, Baylor . New Mexico, Nevada, North Texas, Dayton, Texas, New Mexico, Marquette, Oklahoma, Wyoming, Carolina, Missouri

☆ Blockchain technology is 'the future of the internet', says key crypto investor Chris Dixon
▼ + stars: | 2024-01-29 | 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 EmailBlockchain technology is 'the future of the internet', says key crypto investor Chris DixonChris Dixon, Andreessen Horowitz general partner, joins 'Squawk Box' to discuss the ramifications of SEC's spot bitcoin ETFs decision, the NFT market, the state of crypto at large, future of crypto regulation, and more.

Persons: Chris Dixon Chris Dixon, Andreessen Horowitz

☆ The WWE knew Vince McMahon was a liability. So why did it bring him back after his scandalous departure?
▼ + stars: | 2024-01-29 | by ( Kyle Feldscher | David Goldman | ) edition.cnn.com time to read: +8 min

CNN —WWE’s parent company knew Vince McMahon — the founder of the wrestling behemoth — was a potential liability. That risk was realized Thursday when a former WWE employee accused McMahon of sexual assault and trafficking in a disturbing and graphic lawsuit. The company said McMahon has since repaid the company about $20 million for misappropriated corporate funds and for the legal fees TKO and WWE paid to investigate McMahon. Vince McMahon, Jr., was more akin to a king than a business executive in the world of WWE, his fingerprints on everything. “I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation,” McMahon said in a statement at the time.

Persons: Vince McMahon, —, McMahon, ”, Janel Grant, behemoth McMahon, “, Nick Khan, McMahon’s, Donald Trump’s, Donald J, ” McMahon, McMahon, — Vince McMahon, Vince McMahon’s, Stephanie, Jr, reinstalling, Stephanie McMahon —, Khan, What’s, Grant, CNN’s Sam Delouya, Elizabeth Wagmeister Organizations: CNN, WWE, Companies, US Securities and Exchange Commission, SEC, Wall Street, Trump Foundation, UFC, Endeavor, Securities and Exchange Commission

☆ DOJ and SEC unveil charges in $1.9 billion cryptocurrency fraud scheme
▼ + stars: | 2024-01-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other names. Lee, a 35-year-old also known as Xue Lee, is charged with a single count of conspiracy to commit securities fraud and wire fraud. Chunga, who also is known as Bitcoin Beautee, pled guilty Monday to one count of conspiracy to commit securities fraud and wire fraud, for which she faces the same possible maximum sentence. Chunga separately agreed to settle civil charges by the SEC for violating the anti-fraud and registration provisions of U.S. securities laws. The SEC complaint says she received more than $3.7 million from both the HyperFund platform and from investors.

Persons: Nicole Argentieri, Erek Barron, Sam Lee, Rodney Burton, Brenda Chunga, Lee, Xue Lee, Burton, Chunga, Beautee, HyperFund Organizations: U.S . Department of Justice, Washington , D.C, The, Justice, Securities, Exchange Commission, DOJ, U.S, Attorney, United Arab Emirates, SEC Locations: Washington ,, HyperFund, Maryland, Australian, Dubai, United Arab, Miami, Severna Park , Maryland

Bilas said during the “College Gameday” show that fans should never be allowed on the court, and his comments went viral. “But it seems inevitable that something negative will happen, and we’ll act surprised when it was foreseeable.”A Tulane fan was seen on video making contact with a Memphis player during a court storming in New Orleans hours after the Clark incident on Jan. 21. Fans also stormed the court at Oregon State on Thursday and at Iowa State and Wyoming on Saturday. The court storming at Iowa State's Hilton Coliseum following Saturday's 79-75 win over No. SEC fines are paid to the visiting school if the storming occurred in a conference game.

Persons: Caitlin Clark, Clark, Jay Bilas, Bilas, ” Bilas, ”, Gil Fried, Fried, Micah Willbrand, Ben Johnson, ” Johnson, “, it’s, Herb Vincent, Emeritus Harris Pastides, It's, they'd Organizations: Ohio State, Buckeyes, Hawkeyes, ESPN, Gameday, Associated Press, Tulane, Southeastern Conference, South, Kentucky, Oregon State, Iowa State, University of West, NEC, Iowa State's Hilton, Security, Jayhawks, ISU, SEC, Carolina, Gamecocks, NFL, NBA Locations: Iowa, Columbus, Memphis, New Orleans, South Carolina, Wyoming, University of West Florida, Europe, Latin America, United States, Kansas, Minnesota

☆ MacKenzie Scott sold 65 million Amazon shares worth over $10 billion in the last year
▼ + stars: | 2024-01-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —MacKenzie Scott continues to sell billions of dollars in Amazon stock. In 2023, she unloaded nearly 65.3 million shares of Amazon, currently worth more than $10 billion, according to a filing. She has since sold off portions of her Amazon stake, donating billions of dollars to charity. In 2019, Scott signed the Giving Pledge, a promise signed by hundreds of the world’s richest people to give away the majority of their wealth. Although Scott has sold billions of dollars worth of Amazon shares in recent years, her net worth is still more than $37 billion, according to Bloomberg’s Billionaire Index.

Persons: CNN — MacKenzie Scott, Jeff Bezos, Scott, Bezos, Warren Buffett, Bill Gates, Mark Zuckerberg Organizations: CNN, Amazon, SEC, titans

☆ Here are Friday's biggest analyst calls: Apple, Tesla, Coinbase, Amazon, Alphabet, Pinterest, Snap & more
▼ + stars: | 2024-01-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Oppenheimer reiterates Apple as outperform Oppenheimer said it's bullish on Apple's future in gaming. Bank of America reiterates Alphabet as buy Bank of America raised its price target on the stock to $175 per share from $166. Bank of America reiterates Apple as buy Bank of America said it's standing by its buy rating Apple. Bank of America reiterates Amazon as buy Bank of America said Amazon is "well positioned." RBC downgrades Northrop Grumman to sector perform from outperform RBC downgraded the stock after its earnings earnings and says upside is limited.

Persons: Oppenheimer, it's, Tesla, TD Cowen, Needham, headwinds, JPMorgan downgrades Dow, Piper Sandler, Piper, UBS downgrades Archer, Daniels, Northrop, Goldman Sachs, Goldman, Jabil, Wedbush, Evercore Organizations: Seagate, Apple, Bank of America, JPMorgan, Airlines, American Airlines Group, UBS, Humana, Intel, SEC, Deutsche Bank, Deutsche, SNAP, Bancorp, Daniels Midland, Price Target, RBC Locations: Mexico

☆ How 'naked greed' caused best friends and Forge co-founders to go to war over control of their latest startup Destiny XYZ
▼ + stars: | 2024-01-26 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

In a lawsuit filed this week viewed by Business Insider, Ramadurgam claims he was the victim of a Machiavellian scheme perpetrated by a power-hungry CEO and his "handpicked henchmen." In his statement to Business Insider, Prasad tells a different story of a co-founder who was "checked out" of the company. In an interview with Business Insider, Ramadurgam disputed Prasad's claims, saying that he missed only about 15 work days in 2022 for meditation retreats. In his lawsuit he claims Prasad was motivated by "naked greed." "I just don't see how you can honestly, with integrity make the argument that I should have 0% stake in the company," Ramadurgam said in an interview.

Persons: Sohail Prasad, Samvit Ramadurgam, Ramadurgam, Prasad, Destiny, Ramadurgan Organizations: Business, Prasad, Silicon, Forge, Coinbase, Plaid, SEC Locations: Silicon Valley, Forge, Ramadurgam's

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC pushes back BlackRock's spot ether ETF decision: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Zachary Bradford, the CEO of CleanSpark, explains how the bitcoin miner is preparing for the upcoming halving.

Persons: explainers, Zachary Bradford Organizations: SEC, CNBC Crypto, CNBC

☆ GM’s self-driving car division is under investigation by DOJ and SEC after pedestrian dragging incident
▼ + stars: | 2024-01-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

In meetings with regulators after the October 2 incident, Cruise officials attempted to show a full video of the impact, shot from the car. Cruise commissioned the law firm of Quinn Emanuel Urquhart & Sullivan to investigate the incident and Cruise’s response to it. Immediately after the incident, Cruise employees were not, themselves, aware that the woman had been dragged, according to the report. Actually, the pedestrian was struck by a human-driven Nissan car first and that impact propelled her into the path of the Cruise car. The report attributed its failures in communication to a “myopic focus” in clearing Cruise of fault in the initial impact.

Persons: CNN — Cruise, Cruise, Quinn Emanuel Urquhart, Sullivan, ” Cruise, Mary Barra, veihicle, “ Organizations: CNN, Motors, Department of Justice, Securities and Exchange Commission, Cruise, GM, Nissan Locations: ”, California, United States

☆ Premarket stocks: Crypto fans got what they wanted. So why is bitcoin falling?
▼ + stars: | 2024-01-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

So, why is the price of bitcoin falling, even after investors got what they wanted? Part of the reason is likely a “buy the rumor, sell the news” mentality, according to Antoni Trenchev, co-founder of crypto lender Nexo. Interestingly, bitcoin ETF activity actually shows net buying. Greyscale’s fund is the largest bitcoin ETF, holding roughly $20 billion in assets. ETFs hold just a small portion of the bitcoin that’s traded, says Eric Balchunas, senior ETF analyst at Bloomberg Intelligence.

Persons: cryptocurrencies, bitcoin, Antoni Trenchev, that’s, Eric Balchunas, ”, Bitcoin, FTX, “ We’re, Craig Erlam, vibing, Bryan Mena, Read, It’s, Janet Yellen, Matt Egan, Yellen, Biden Organizations: CNN Business, Bell, New York CNN —, US Securities and Exchange, SEC, Investors, Bloomberg Intelligence, CNN, Economic, of Chicago, Treasury Locations: New York, America, Chicago, Covid

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