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Defense lawyers also had requested a no-prison sentence for Ellison, who had run Alameda Research , a hedge fund connected to FTX. Kaplan allowed Ellison to remain free on bail until she surrenders to prison either on or after Nov. 7. He was sentenced to 25 years in prison in March and also was ordered to pay $11 billion in forfeiture by Kaplan. On Tuesday, before sentencing Ellison, Kaplan contrasted her conduct after she was charged with that of Bankman-Fried. Both Bankman-Fried and Ellison had faced the same statutory maximum sentence of about 110 years in prison for their crimes.
Persons: Ellison, Lewis Kaplan, Caroline Ellison, Sam Bankman, Kaplan, I've, Miss Ellison, FTX spiraled, Ellison's Organizations: Alameda Research, federal, Department Locations: New York, U.S, Manhattan, FTX
Read previewIf you've considered sending your kid abroad for college, you're not alone. Amid soaring tuition fees and a desire to carve out niche college experiences, college advisors Business Insider spoke to have observed that more students and their parents are looking into opportunities to move abroad for college. For example, students can ask themselves if they would prefer living in a college town or a city college. London, for example, is great for students interested in finance, while Stockholm is ideal for students interested in the tech industry, he added. Recognize that other parts of the world operate differentlyWhen applying for college abroad, it's key to take note of the different requirements for your application.
Persons: , Greg Kaplan, Kaplan, Robert Harry, Harry, It's, Sharon Butler, Butler, Amanda Mrozek, wasn't, Scarlett Kiaras Organizations: Service, Kaplan Educational Group, Colleges, Business, Kent School Locations: London, Stockholm, Europe, Connecticut, America, Flywire, Michigan, Cologne, Germany, Kentucky, Scotland
Childcare is often top of mind for parents — and it might also be a deciding factor at the ballot box. Many parents just don't have the luxury of relying on family to provide childcare, Drew said, and they shouldn't have to. Schell said that grandparents have actually stepped in to help provide childcare for some parents, especially during the pandemic. Bock said that it would be helpful to find a way to pay grandparents for childcare responsibilities. AdvertisementBut without that extra support, handing childcare over to grandparents isn't feasible.
Persons: , Ohio Sen, JD Vance, Donald Trump's, Charlie Kirk, Vance, Kirk, he's, Taylor Van Kirk, Debbie Drew, wasn't, Drew, Wendi Schell, Schell, Renee Bock, Bock, " Bock, Elliot Haspel, It's, it's Organizations: Service, Business, Teachers, Republicans, New York Department of Education, Social Security, Capita Locations: Portage , Wisconsin, Bronx
The HOMES Act would establish a new federal housing development authority charged with building and rehabilitating more than a million permanently affordable homes. This so-called "social housing" is notably different from traditional public housing, which is entirely reserved for the poorest households. Rent for all tenants in social housing would be capped at 25% of their income. "There is another way: social housing," Ocasio-Cortez and Smith said in their op-ed. And in California, lawmakers introduced a bill to construct mixed-income social housing on government-owned land.
Persons: , Alexandria Ocasio, Sen, Tina Smith, Cortez, Gianpaolo Baiocchi, Smith, Baiocchi, Emily Gallagher's, Kamala Harris, she's, Donald Trump, Smith —, Harris, Walz Organizations: Service, New, New York Democrat, Minnesota Democrat, Senate, Business, Urban Democracy Lab, New York Times, New York Locations: Alexandria, Cortez, New York, Minnesota, New, California, Vienna
Lawrence co-wrote “When I Was Your Man” with Mars, Ari Levine, and Andrew Wyatt. Mars is not named as a plaintiff in the suit, and a representative for the singer did not immediately respond to a request for comment from NBC News. More than two dozen other companies accused of distributing the song were also named in the lawsuit. A representative for Cyrus did not immediately respond to a request for comment from NBC News. “It is undeniable based on the combination and number of similarities between the two recordings that ‘Flowers’ would not exist without ‘When I Was Your Man,’” the lawsuit said.
Persons: Miley Cyrus, , ” Cyrus, Bruno Mars, Philip Lawrence, , Lawrence, Ari Levine, Andrew Wyatt, Mars, Cyrus, Bruno Mars ’, Miley Cyrus ’, , Cyrus ’, ” Tempo, “ Flowers ” Organizations: Central, Central District of, Investments, NBC News, NBC, Tempo Music Investments Locations: U.S, Central District, Central District of California
Ben Higgins tried to parlay his Bachelor success into a political career, but the campaign didn't last long. The focus on Bachelor Nation also makes sense given the franchise's viewership is dominated by one of the most crucial swing votes of recent elections: white women. In the past two presidential elections, white women were the most closely split demographic subgroup tracked by major exit polls. In 2016, Donald Trump won over 52% of white women against Hillary Clinton's 43%, exit polls found, while Trump bested Joe Biden in 2020 among white women 55% to 44%. The overlap between the swingiest demographic and the "Bachelor" audience suggests Bachelor Nation has value to those who seek to lead our nation.
Persons: Ben Higgins, Charming, Higgins, He's, that's, Acierto, Young Sheldon, Joey Graziadei's, Graziadei, Doug Emhoff, Kamala Harris, Chad Kultgen, Lizzy Pace, Pace, Harris, Kultgen, Joey Graziadei, John Fleenor, Walz, Big, YouGov, Donald Trump, Hillary Clinton's, Trump, Joe Biden, Hulu —, they're, Natasha Scott, Reichel, Rose, Scott, Claire Fallon —, , Becca Kufrin's, Fallon, Emma Gray, Garrett Yrigoyen, Kufrin, Yrigoyen, — Colton Underwood, — Fallon, Matt James, Rachael Kirkconnell, James ', Chris Harrison, it's, Justine Kay, Charity Lawson —, Joe Biden's, he's, Juliana Kaplan, Andy Kiersz Organizations: Disney, ABC, NFL, Valentine's, White, Daily, Nation, Pew Research, Trump, Hulu, Girls, Bachelor Nation Locations: American, Colorado, America, Atlanta, Quinnipiac, Georgia, North Carolina, Hulu, Washington
The decision marks a significant shift from Amazon's earlier policy, which required employees to badge in three days a week. Following the announcement, anxious workers have flooded LinkedIn and X feeds with posts wondering if their companies would be next to get rid of flexible work arrangements. Just one-third (33%) of U.S. companies require employees to come to the office five days a week, according to recent data from Flex Index, a platform that tracks companies' flexible work policies. Under 10% of tech companies with more than 1,000 employees have such a requirement. "We might see other smaller tech companies follow Amazon's lead, but most will continue sticking to some kind of hybrid arrangement," he says.
Persons: Andy Jassy, Jassy, we've, Dan Kaplan, haven't, Brian Elliott, hasn't, Kaplan, Elliott, we'll Organizations: Amazon.com Inc, Amazon, Citigroup, Walmart, UPS, Kastle Systems, Flex, Workers, Employees Locations: Seattle , Washington, lockstep, U.S
It’s also a sign of confidence from Fed officials that inflation has come under control just enough to comfortably dial back policy. Typically, in the lead-up to a Fed policy decision, Wall Street and economists are in alignment on what to expect. But investors’ wagers for a half-point cut ramped up on Monday; and as of Tuesday afternoon, federal funds futures contracts were pricing in a 63% chance of a jumbo rate cut, up from around 30% on Thursday, according to the CME Group. As inflation skyrocketed in 2021 and 2022, American employers pumped out jobs and the unemployment rate declined to half-century lows. The Fed eventually responded to the country’s inflation problem with its bitter medicine of high interest rates.
Persons: It’s, Christopher Waller, Elizabeth Warren, Robert Kaplan, Bill Dudley, , Powell, ” Gregory Daco, , ” Julia Hermann Organizations: Washington CNN, Federal Reserve, Street, CME, Fed, Democratic, Dallas Fed, CNBC, Former New York, Bloomberg, Dow, Labor, New York Life Investments, CNN
Our top pick for buying online contacts is 1-800 Contacts; this company offers an easy-to-use online shop and has over 250 brands to choose from. We also recommend GlassesUSA; we're big fans of GlassesUSA for prescription eyewear, and its contacts store is just as convenient, offering a variety of brand choices at affordable prices. To help you shop, we researched, tested, and rounded up the best places to buy contacts online, from major retailers that offer mainstream brands to smaller startups. Whether you want a yearly supply or prefer smaller quantities to alternate between glasses, these are the most dependable places to order from. If you're also shopping for prescription eyewear, these are best places to buy glasses online using insurance.
Organizations: Business
If Robert Kaplan still had a say in the matter, he'd be pushing for a half percentage point interest rate reduction at this week's Federal Reserve meeting. The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year and the economic challenges ahead. "If I were sitting at the table, I would be advocating for 50 in this meeting," Kaplan said during a "Squawk Box" interview. One basis point equals 0.01%. Kaplan ran the Dallas Fed from 2015-21 and is now a managing director at Goldman Sachs.
Persons: Robert Kaplan, Kaplan, Jerome Powell, Jay Powell, Goldman Sachs Organizations: Dallas Fed, CNBC, Federal
The meeting wraps up Wednesday afternoon, with the release of the Fed's rate decision coming at 2 p.m. "I hope they cut 50 basis points, but I suspect they'll cut 25. Here's a breakdown of what's on tap:The rate waitThe FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023. The 'dot plot'Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. In June, FOMC members penciled in just one rate cut through the end of the year.
Persons: Jerome Powell, William McChesney Martin Jr, Andrew Harnik, they'll, Mark Zandi, that's, Tom Simons, Zandi, Robert Kaplan, There'll, Seema Shah, FOMC, Moody's, Goldman Sachs, Powell presser, Goldman, Simons Organizations: Federal Reserve, Committee, Moody's, Wall, Jefferies, Dallas Fed, CNBC, Asset Management Locations: Washington , DC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President Robert Kaplan: I would be advocating for a 50 basis point rate cutRobert Kaplan, Goldman Sachs vice chairman and former Dallas Fed President, joins 'Squawk Box' to discuss the Fed's policy meeting this week, what to expect from the central bank on interest rates, why he's advocating for a 50 basis point rate cut, state of the economy, and more.
Persons: Robert Kaplan, Goldman Sachs Organizations: Former Dallas Fed, Dallas Fed
AdvertisementIt's a story all too familiar for some older Americans: An unexpected health crisis derails their retirement planning. With insufficient help from health insurance or Social Security, medical bills eat up any savings or income they have. Jones, who gets $2,200 a month in Social Security, has had to take on part-time work, which made her ineligible for some federal assistance. She paid for chemo out of pocket, spending her way through her retirement savings and maxing out her credit cards. Amend said it's crucial for older Americans to believe everything will be OK, noting "your mindset perpetuates what your outcome will be."
Persons: , Kimberly Mullen, Mullen, She's, she'll, Nancy Altman, Saul Martinez, Karen Knudsen, they've, Uber, Wendy Jones, it's, she's, Jones, Teresa Ghilarducci, , Ghilarducci, Rebecca Buffum, Buffum, I'm, Andrew Whitaker, Marion, Robert Papalia, Papalia, Leonard Bianconi, Bianconi, Gallup, Monique Morrissey, haven't, Harris, Morrissey, Frank, Weeks, he's Organizations: Service, Business, Social Security, American Cancer Society, Social, Walmart, Medicare, New School for Social Research, Schwartz, for Economic, Kaiser Family Foundation, BI, Institute, Biden, American Heart Association Locations: Kentucky, North Carolina
Many said he failed to acknowledge the real reason many grandparents don't help with childcare more: They can't afford to. Many American families are stuck between a retirement crisis and a childcare crisis, with young parents unable to help their own parents — and vice versa. The childcare crisis meets the retirement crisisSandra, 51, has been dealing with both childcare and eldercare challenges over the past year. "And that would help parents who want to stay home and care for kids; it would also help grandparents who want to help care for kids while their parents are working." AdvertisementRachidi also said that revisiting the usefulness of regulations around informal care — settings like friend and family care — should be on the table, too.
Persons: Linda C, Donald Trump, Joe Biden, Sen, JD Vance, Linda, I'd, Vance, Trump, she's, , Taylor Van Kirk, Van Kirk, Sandra, grandpa, Elliot Haspel, Haspel, Kamala Harris, Jennifer Baker, they'd, that's, Baker, who's, Angela Rachidi, Rowe, Rachidi, Connie Adler, Adler, Vance's Organizations: Service, Democratic, Business, AARP, Capita, American Enterprise Institute, asheffey Locations: California, Sweden, Arizona
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin nears $60,000 as consumer sentiment hits four-month high: 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, Adam Sullivan, CEO of Core Scientific, discusses the company's embrace of AI compute and what the 2024 election could mean for crypto.
Persons: explainers, Adam Sullivan Organizations: CNBC Crypto, CNBC, Core
New York CNN —Lawyers for Sam Bankman-Fried, the convicted former CEO of crypto exchange FTX, filed an appeal Friday, claiming he was denied a fair trial last fall and seeking new proceedings under a different judge. Bankman-Fried, 32, was sentenced to 25 years in prison after a jury convicted him on multiple federal counts of fraud and conspiracy in November. Two years after FTX collapsed in the midst of a cash crunch, Bankman-Fried is arguing that he didn’t get a fair shake in his trial. The court, they say, prohibited Bankman-Fried from introducing evidence of solvency for FTX and its sister firm, Alameda. Ellison pleaded guilty in cooperation with the government and became a star witness against Bankman-Fried during his trial.
Persons: Sam Bankman, FTX, Fried, Lewis Kaplan, , Caroline Ellison, Ellison Organizations: New, New York CNN, , Bankman Locations: New York, Bankman, Alameda
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEToro reaches $1.5 million settlement with the SEC: 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, Thomas Perfumo of Kraken discusses whether the U.S. election is driving crypto prices.
Persons: explainers, Thomas Perfumo Organizations: SEC, CNBC Crypto, CNBC
Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after sentencing in New York City, U.S., May 28, 2024. Former FTX executive Ryan Salame is back in court on Thursday, as Judge Lewis Kaplan looks for answers about the back-room dealings that led to Salame's criminal plea deal, which resulted in a 7.5-year prison sentence. Bond, who was previously a lawyer with the SEC, was indicted in August on campaign finance charges tied to her unsuccessful run for Congress in 2022. The four-count indictment against Bond was unsealed a day after Salame, the father of their nine-month-old child, asked Kaplan to void his plea. But Salame quickly reversed course, submitting a motion to the court within days to withdraw the petition to vacate his guilty verdict.
Persons: Ryan Salame, Lewis Kaplan, Sam Bankman, Kaplan, Salame, Michelle Bond, Bond, Fried Organizations: FTX, Salame, Manhattan U.S, Attorney's, SEC, Prosecutors Locations: New York City, U.S, Salame's
US District Judge Lewis Kaplan scheduled the hearing after Ryan Salame, a former executive of Alameda Research and FTX Digital Markets, tried to withdraw his guilty plea. Salame said prosecutors broke a promise to him by later indicting his romantic partner, Michelle Bond — a claim that prosecutors vigorously disputed. Instead, Kaplan grilled Salame under oath for over 30 minutes in his Manhattan courtroom Thursday morning, accusing him of misrepresenting the plea negotiations. That left Kaplan in a bind: Either Salame lied in his plea hearing, throwing the plea into doubt. Bond would not be pursued if I plead guilty," Salame said.
Persons: , who's, Lewis Kaplan, Ryan Salame, Salame, Michelle Bond, Kaplan, Sam Bankman, Salame didn't, Bond, FTX, Mary Altaffer, wasn't, Danielle Sassoon, Christopher Bartolomucci, he'll, Salame's Organizations: Service, Alameda Research, FTX, Markets, Business, Prosecutors, AP, US, Office, Southern, of Locations: Manhattan, Alameda, of New York
Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion of the crypto empire that was run by her former boss and ex-boyfriend. Judge Lewis Kaplan, who presided over Bankman-Fried’s case, cited Ellison’s testimony when he decided in March to sentence the FTX founder to 25 years behind bars. Ellison, who ran Alameda Research, agreed to a plea deal in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried forced Ellison into a sort-of isolation, culminating in her moral compass being “warped,” the lawyers say. Her former roommates and ex-FTX executives, Nishad Singh and Gary Wang, will be sentenced in October and November, respectively.
Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis Kaplan, FTX spiraled, “ Caroline, John Ray, , Fried, disentangling, , ” She’s, that’s, ” Ellison, Nishad Singh, Gary Wang, — CNBC’s Dan Mangan Organizations: U.S, Alameda Research, court’s, Department, , Bankman Locations: FTX’s Bahamas, Alameda, Boston, Hong Kong, Bahamas, Bankman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaroline Ellison asks to avoid prison in upcoming sentencing tied to FTX collapse: 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, Sergey Nazarov, co-founder of Chainlink, argues that 'crypto adoption is inevitable' and weighs in on whether U.S. politics are impacting crypto prices.
Persons: Caroline Ellison, explainers, Sergey Nazarov, Chainlink Organizations: CNBC Crypto, CNBC
The report examined Americans who have identified as nonprofit workers on the Census' American Community Survey, including many employees in healthcare, educational services, and social assistance. Younger nonprofit workers are particularly struggling. According to the report, 37% of nonprofit workers under the age of 25 fall into the ALICE category. Similarly, 23% of nonprofit workers ages 25 to 44 are considered ALICEs. And, while 16% of white nonprofit workers were below the ALICE threshold, 35% of Black workers in the sector were struggling to make ends meet.
Persons: ALICE, Lisa Kelley, they're, It's, Cherie Tobias, Melissa Hedden Organizations: Service, United, Survey, Business, SNAP, Medicaid Locations: El Paso , Texas, Alexandria , Virginia, Cincinnati, Michigan
Read previewMore children fell into poverty last year — and it could signal a major issue for both candidates as the presidential election heats up. But child poverty rose faster than that, from 12.4% to 13.7%. "The effectiveness of such a policy is evident when one considers the effects of the Child Tax Credit." And with child poverty only worsening, what candidates can deliver for parents might be particularly salient. Is the rise in child poverty and lack of assistance impacting your family?
Persons: , Steven Durlauf, Joe Biden's, Kamala Harris, Donald Trump's, Joseph Costello, Harris, Walz, JD Vance, Anna Kelly, Kelly, Trump, Adam Ruben, Josh Bivens, they'd Organizations: Service, Business, The University of Chicago, Stone Center for Research, Harris School of Public, Child Tax, Pew Research Center, Economic Security, Census, Economic Policy Institute, jkaplan Locations: U.S
In 1970 there had been only 18,333 students enrolled at degree-granting for-profit schools, less than a quarter of a percent of the total number of college students. In 2010, Tom Harkin, chair of the Senate's education committee, began a two-year investigation into for-profit schools. But even more shocking, federal money flowing to for-profit schools accounted for 25% of all federal student aid and 47% of eventual loan defaults. Students' money enriched every corner of the for-profit industry except one: quality of instruction. In fact, these for-profit students were actually worse off than if they hadn't gone to school at all.
Persons: Kaplan, bankrolling, , underperformers, Ashford, Warburg Pincus, Tom Harkin, Harkin, Goldman Sachs, Goldman, Pell Grant, Ryann Liebenthal Harper, Stephanie Riegg Cellini, Cellini, Ryann Liebenthal Organizations: University of, Apollo Group, ITT Tech, Fortune, Federal Family Education, Ashford, University, company's, Ashford University, Bridgepoint Education, New, Defense Department, Bloomberg, Camp Lejeune, Ryann Liebenthal Harper Collins Publishers, Books, HarperCollins Publishers Locations: California, New York City, Bridgepoint, Pell, Vietnam, Iraq, Camp, Oakland , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto will be 'big boon' for financial services over time, Robinhood CEO says: 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, Steven Lubka, head of private clients at Swan Bitcoin, discusses how each potential outcome in the U.S presidential election could influence crypto prices.
Persons: explainers, Steven Lubka, Swan Bitcoin Organizations: CNBC Crypto, CNBC, Swan
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