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☆ Romanian prosecutors change human trafficking charge against Andrew Tate
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

BUCHAREST, June 13(Reuters) - Romanian prosecutors said on Tuesday that social media influencer Andrew Tate, his brother Tristan and two other suspects were being investigated for human trafficking in continued form, saying it was a more serious crime than separate counts of trafficking. The Tate brothers and two Romanian female suspects are under house arrest pending a criminal investigation for suspected human trafficking, rape and forming a criminal gang to sexually exploit women, accusations they have denied. Under Romanian legislation, prosecutors have filed charges against the four suspects, but the case is under investigation and has not yet gone to trial. On Tuesday, Romania's DIICOT anti-organised crime prosecuting unit notified the Tate brothers that the human trafficking charge had changed to trafficking in continued form, a DIICOT spokesperson said. Also on Tuesday, DIICOT prosecutors said they had opened a separate criminal investigation against a Romanian man close to the Tate brothers on allegations of human trafficking and forming a criminal crime group to sexually exploit seven women.

Persons: Andrew Tate, Tristan, Tate, Romania's, DIICOT, Vlad Obuzic, Luiza Ilie, Ed Osmond Organizations: Prosecutors, Tate, Thomson Locations: BUCHAREST, Bucharest, Romanian

☆ Coca-Cola launches new flavor for gamers
▼ + stars: | 2023-06-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

New York CNN —Coca-Cola is launching a new limited-edition flavor for gamers, a demographic increasingly pursued by mainstream food and beverage brands. For this new flavor, called Coca-Cola Ultimate, the soda maker partnered with Riot Games, which publishes the multi-player online battle arena game League of Legends. Coca-Cola Ultimate bottles. As in most of those cases (Marshmello’s flavor had notes of strawberry and watermelon) Coca-Cola won’t share what Ultimate is actually supposed to taste like. And the relationship between Riot and Coca-Cola is deeper than the limited-edition flavor.

Persons: Coke, Rosalía, “ We’re, Oana Vlad, James Quincey, they’re, ”, Gen, Ava Max, Vlad, Red Bull, Eric Krause Organizations: New, New York CNN, Riot Games, of, League of, Coke, PepsiCo, League of Legends Locations: New York, Dreamworld, Fortnite

☆ A.I. and crypto are in focus at the annual gathering of the Wall Street trading community
▼ + stars: | 2023-06-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

It's time for the annual gathering of the trading community. Here's a rundown of some of the hot topics: Crypto in focus: SEC Chair Gary Gensler will be speaking at noon on Thursday. Electronic trading changed the trading world 30 years ago, is AI poised to do the same? Two pioneers of electronic trading, Virtu Financial founder Vinnie Viola and Peterffy, will be speaking at noon today, reflecting on the past and future of trading and will certainly be asked about the role AI will play in future trading. Tradeweb CEO Billy Hult and MarketAxess CEO Chris Concannon will discuss the growth in Treasury trading and the increasing electronification of the bond market.

Persons: I'm, Piper Sandler, Gary Gensler, Gensler, Binance, Michael Novogratz, Jean, Marie Mognetti, Vlad Tenev, Doug Cifu, Thomas Peterffy, Vinnie Viola, Peterffy, Ed Tilly, Terry Duffy, Billy Hult, Chris Concannon, Rich Repetto's, Rich Repetto Organizations: Piper, Piper Sandler Global Exchange, New York City, NYSE, Nasdaq, Cboe, London Stock Exchange, SEC, Galaxy Digital, Virtu, Global, Treasury, CME, Citadel, CNBC PRO Locations: New York

☆ Biohaven CEO Vlad Coric goes one-on-one with Jim Cramer
▼ + stars: | 2023-06-02 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Biohaven CEO Vlad Coric goes one-on-one with Jim CramerBiohaven CEO Dr. Vlad Coric sits down with JIm Cramer to discuss the company's latest drug innovations, the recent Pfizer acquisition, and more.

Persons: Vlad Coric, Jim Cramer, JIm Cramer Organizations: Pfizer

☆ Wall Street's succession summer
▼ + stars: | 2023-05-30 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +5 min

But first, it's the summer of succession — and no, we're not talking about the TV show. Wall Street CEOs pretend that succession planning is another chore, like hashing out the annual budget or organizing an earnings call. But behind the boring press announcing their succession plans is often a story of intrigue and drama. And then, of course, there's Jamie Dimon, Wall Street's longest-serving CEO. Earlier this week, Insider highlighted 17 young analysts poised to shine.

☆ An ominous policy change is a sign Russia is preparing for a long, bloody war in Ukraine
▼ + stars: | 2023-05-08 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Recent changes to Russian conscription law indicate Moscow is preparing for a long war in Ukraine. Beyond a need for manpower, the changes may reflect the Kremlin's embrace of more heavy-handed rule. But Russian leaders appear to preparing for a long and bloody fight, judging by a series of new measures related to military conscription. The Russian government is "methodically stepping through a process to go over to a higher readiness and protracted war," Massicot added. Michael Peck is a defense writer whose work has appeared in Forbes, Defense News, Foreign Policy magazine, and other publications.

☆ Russia's desperately trying to drum up new recruits by selling military service as a 'worthy future' as thousands of troops die in Ukraine
▼ + stars: | 2023-04-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Russia is desperately selling military service as a "worthy future" to prospective recruits. The Washington Post reported that much of Russia's recruitment is happening regionally. Some of the army brochures say that "Contract service is a worthy future," the Post reported. Vlad Karkov/SOPA Images/LightRocket via Getty ImagesIn recent months, Russian authorities have also increasingly sensationalized military enrollment in television ads. Russia's push for more troops and glamorization of military enrollment comes as the country's casualties continue to climb.

☆ Recasting the upcoming GameStop movie: Here's who should play Ken Griffin, Steve Cohen, and the rest of the gang
▼ + stars: | 2023-04-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Wall Street is getting the Hollywood treatment again. - Paul Giamatti as AMC's Adam Aron (This guy knows his way around Wall Street.) For more on the upcoming GameStop movie, including who is set to play the "pot-smoking retail trader," click here. Here's why the rest of Wall Street might be motivated to help First Republic. Meet the new generation of the ultra-rich on Wall Street.

☆ Bloomberg insiders can't be sure if Mike Bloomberg will choose an internal successor because he 'believes in stability, and then change,' report says
▼ + stars: | 2023-04-20 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Sources told the FT that Bloomberg may decide to shun internal frontrunners and bring in an outsider. Bloomberg, who turned 81 in February, is worth nearly $95 billion, according to Forbes. "Only two people" run the company – Zammitt and Kliatchko – a former senior Bloomberg executive told the FT. He gave $1.7 billion to the organization last year, bringing his lifetime charitable donations to more than $14 billion, according to the site. Bloomberg didn't immediately respond to a request for comment from Insider made outside normal working hours.

☆ Moscow's promise of big payments to its troops is creating a new headache for the Russian military
▼ + stars: | 2023-04-18 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

But there are already reports of Russian troops not getting paid on time or at all. Anger over pay issues could worsen the already poor morale among Russian troops in Ukraine. Lev Vlasov/SOPA Images/LightRocket via Getty ImagesOn the other hand, life in the Russian military is no picnic. Nonetheless, military pay looks generous compared to the civilian sector, where the average monthly wage is 63,000 rubles, or $770. However, cutting military pay – or failing to pay salaries and bonuses – would be a risky move.

☆ RingCentral CEO Vlad Shmunis on company's new A.I. product launch
▼ + stars: | 2023-03-27 | 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 EmailRingCentral CEO Vlad Shmunis on company's new A.I. product launchRingCentral CEO Vlad Shmunis joins ‘Closing Bell: Overtime’ to discuss the launch of their new product, RignSense.

☆ More millennials are turning 40 — and they're changing travel as we know it
▼ + stars: | 2023-03-27 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

And they're bringing their tech-savviness, social consciousness and spending habits in tow, which is transforming a travel industry intent on staying ahead of the times. "When it comes to nearly all travel behaviors, millennials are the generation most likely to engage — and they do so often," said Lindsey Roeschke, travel and hospitality analyst at Morning Consult. Where millennials stayFrederic Lalonde, CEO of the travel app Hopper, said its customers are twice as likely to stay in a home than a hotel. "It's all driven by our primary users, who are millennials and Gen Z," he said at the Skift Global Forum 2022. Since 2019, Airbnb home rentals increased the most among travelers with children aged six and younger, according to the company.

☆ Robinhood’s stock awards tell a cautionary fable
▼ + stars: | 2023-02-22 | by ( John Foley | ) www.reuters.com time to read: +7 min

The now-abandoned payouts to Tenev and Bhatt were a slab of “market-based restricted stock units” distributed ahead of Robinhood’s initial public offering in July 2021. The system works in reverse, too, however: When executives give back stock awards, the company gains nothing in cash terms. U.S. accounting rules treat stock awards geared to a company’s stock price as a gift that cannot be returned. In short, by handing back their awards, Robinhood’s founders have neither robbed from themselves, nor given to anyone else. Even without this unhappy effect on earnings, shareholders should be wary of the kinds of awards Robinhood doled out at its public company debut.

☆ Bloomberg LP is hiring 1,000 people while other media, finance, and tech companies slash staff
▼ + stars: | 2023-01-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +2 min

Bloomberg LP plans to hire 1,000 people this year as other media and finance companies slash staff. Bloomberg LP is on a hiring tear while other media, finance, and tech companies slash staff amid the softening economy. Mike Bloomberg's software, data, and media company is known for hiring in downturns, an advantage of being a privately held company. Bloomberg also announced it's creating a new team of product and tech workers under news-side exec Chris Collins as chief product and technology officer. The goal is to improve the user experience and discoverability of news on the Bloomberg Terminal, Bloomberg editor in chief John Micklethwait wrote in a staff memo.

It came after Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. The company had 2,450 employees, according to PitchBook data, suggesting around 490 employees were laid off. In a letter to employees, CEO Logan Green and President John Zimmer pointed to "a probable recession sometime in the next year" and rising ride-share insurance costs. Shopify: 1,000 jobs cutIn July, Shopify announced it laid off 1,000 employees, which equals 10% of its global workforce. Tesla: 6,000 jobs cut

☆ Sam Bankman-Fried's $470 million Robinhood stake is set to be seized by US authorities, attorney says
▼ + stars: | 2023-01-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's Robinhood shares are set to be seized by US authorities, an attorney said Wednesday. Bankman-Fried, FTX's new bosses, bankrupt crypto lender BlockFi and FTX creditor Yonatan Ben Shimon have all laid claim to the Robinhood stake, per a December 22 court filing. Bankman-Fried disclosed a 7.6% stake in Robinhood in May, acquiring 56.3 million shares in the trading platform for $648 million through an Antigua-based holding company called Emergent Fidelity Technologies. Robinhood shares traded at $8.36 as of Wednesday's closing bell – meaning that Emergent's position is now worth just over $470 million. Read more: Sam Bankman-Fried is facing off against FTX's new bosses in a 4-way battle for $450 million of Robinhood shares

The Justice Department said Wednesday that has moved to seize millions of shares of Robinhood, the popular stock-trading app, whose ownership is disputed by several parties, including Bankman-Fried himself, his bankrupt crypto exchange FTX and another bankrupt crypto company. Four separate entities have laid claim to the approximately 56 million shares, worth about $460 million. That company, Emergent Fidelity Technologies, borrowed more than $546 million from crypto hedge fund Alameda Research, according to an affidavit Bankman-Fried filed in December. Also claiming the Robinhood shares are bankrupt crypto lender BlockFi and an individual FTX creditor. As of December 31, roughly $150 million of Silvergate’s deposits were from customers that have filed for bankruptcy.

☆ Sam Bankman-Fried borrowed $546 million from his hedge fund to buy a Robinhood stake
▼ + stars: | 2022-12-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

In an affidavit that emerged Tuesday, Bankman-Fried said he and FTX co-founder Gary Wang borrowed more than $546 million from the hedge fund, Alameda Research, which they used to purchase the Robinhood shares via a holding company primarily controlled by Bankman-Fried. Wang has since pleaded guilty to four counts of fraud and conspiracy, in cooperation with US prosecutors investigating FTX’s collapse. Four separate entities have laid claim to the approximately 56 million shares, worth about $450 million. Also claiming the Robinhood shares are bankrupt crypto lender BlockFi, and an individual FTX creditor. BlockFi is suing Bankman-Fried for the Robinhood shares, which BlockFi claims it is owed after Alameda defaulted on $680 million in collateralized loan obligations.

☆ Sam Bankman-Fried's Robinhood stake is tied up in FTX bankruptcy proceedings, CEO Tenev says
▼ + stars: | 2022-12-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. Robinhood Markets CEO Vlad Tenev said Tuesday he's unclear what Sam Bankman-Fried, the disgraced former CEO of FTX, is going to do with his 7.6% stake in his trading app. In May, Bankman-Fried took a 7.6% stake in Robinhood worth $648 million in the belief that the shares "represent an attractive investment." As FTX spiraled into bankruptcy, Bankman-Fried's Robinhood stake became the biggest liquid line item on his balance sheet that he could potentially sell. The Robinhood CEO said he's still bullish on cryptocurrencies despite the FTX collapse.

☆ Robinhood CEO Vlad Tenev on launching retirement accounts with a 1% match
▼ + stars: | 2022-12-06 | 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 EmailRobinhood CEO Vlad Tenev on launching retirement accounts with a 1% matchRobinhood CEO Vlad Tenev joins CNBC's 'Squawk Box' to discuss the company's new retirement product and weighs in on the collapse of crypto exchange FTX.

☆ Watch CNBC's full interview with Robinhood CEO Vlad Tenev on new retirement offering, FTX collapse
▼ + stars: | 2022-12-06 | 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 EmailWatch CNBC's full interview with Robinhood CEO Vlad Tenev on new retirement offering, FTX collapseRobinhood CEO Vlad Tenev joins CNBC's 'Squawk Box' to discuss the company's new retirement product and weighs in on the collapse of crypto exchange FTX. "Crypto is here to stay, and this is one player that has had an unfortunate failure," Tenev tells CNBC.

☆ Robinhood is pivoting to retirement accounts as novice traders shun the get-rich-quick appeal of meme stocks
▼ + stars: | 2022-12-06 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Robinhood announced plans to add retirement accounts for customers on Tuesday. The move comes as Robinhood faces a slump in retail trading activity. The retail trading platform popular with meme-stock enthusiasts launched the waitlist for the product on Tuesday. The offering, dubbed Robinhood Retirement, will match 1% of what customers put it into their Roth or traditional IRAs on every eligible dollar. Robinhood offers crypto trading for user brokerage accounts, but will only allow equities and ETFs for its retirement account.

☆ How bots are being deployed inside banks after a pandemic boom in fraud
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: 1 min

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☆ These Children Are Making Millions on YouTube
▼ + stars: | 2022-11-26 | by ( R.T. Watson | Photographs Alfonso Duran For The Wall Street Journal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/youtube-vlad-niki-like-nastya-kids-diana-show-11669412051

☆ Why corporate leaders like Mark Zuckerberg, Jack Dorsey, and Evan Spiegel are all apologizing for the massive layoffs at their companies
▼ + stars: | 2022-11-15 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +10 min

Since the pandemic, the largest tech layoffs have been at Meta, Getir, Booking.com, Twitter, Uber, Better.com., Peloton, and Groupon, Layoffs.fyi data show. Now companies in tech are reversing some of the huge hiring that they did in the past couple of years, Lee said. Mark Zuckerberg, MetaFacebook CEO Mark Zuckerberg speaks about "News Tab" at the Paley Center, in New York on October 25, 2019. In the memo he wrote: "Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. Jack Dorsey, ex-CEO TwitterTwitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee in Washington, DC, in 2018.

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