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☆ FAA system outage disrupts thousands of flights across U.S.
▼ + stars: | 2023-01-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

The FAA's outage was the second major air travel disruption in less than a month and drew bipartisan criticism. Later Wednesday, Canada's air navigation agency said its similar notification system experienced a brief outage, but said no flights were delayed as a result. Zoom In Icon Arrows pointing outwards FAA system failure created mass cancellations across the U.S. on Jan. 11th, 2023. FlightawareWednesday's FAA issue added to concern from Washington from both Republicans and Democrats, particularly about technology that the complex U.S. air system, the world's busiest, relies on. More than a third of Delta's and United's mainline flights were delayed, while about 50% of American's were running late.

☆ Factbox: What do we know about the Ukrainian New Year's Eve attack on Russian troops?
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +4 min

What do we know, and what do we not know, about what happened? Russia's defence ministry said Ukraine struck with six U.S.-made HIMARS rockets. The ministry acknowledged the attack only in the final paragraph of a 528-word daily roundup, more than 36 hours after the attack took place. Grey Zone, a Telegram channel linked to the Wagner mercenary outfit, said that around 500 men were billeted in the complex. You see, they turned on their phones and got spotted," wrote Grey Zone, a Telegram channel linked to the Wagner Group mercenary outfit.

☆ Mark Cuban offered multiple $1 million 'Shark Tank' investments this year—here's what they have in common
▼ + stars: | 2022-12-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban, who built his fortune starting and selling tech companies, only offered two $1 million investments on ABC's "Shark Tank" in 2022. Instead, the owner of the NBA's Dallas Mavericks gave his biggest investments of the year to two food companies. It's not unusual for a "Shark Tank" investor and company to abandon or revise their partnership. In May, CupBop told CNBC Make It it was operating 36 locations across six U.S. states and more than 100 locations in Indonesia. Cuban, who went vegetarian in 2019, has invested millions of dollars over the past few years in other food companies on "Shark Tank."

Dec 27 (Reuters) - FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company's holdings of digital assets belong to customers. The proposed class, which wants to represent more than 1 million FTX customers in the United States and abroad, seeks a declaration that traceable customer assets are not FTX property. The customer class also wants the court to find specifically that property held at Alameda that is traceable to customers is not Alameda property, according to the complaint. The lawsuit seeks a declaration from the court that funds held in FTX U.S. accounts for U.S. customers and in FTX Trading accounts for non-U.S. customers or other traceable customer assets are not FTX property. If the court determines it is FTX property, then the customers seek a ruling that they have a priority right to repayment over other creditors.

☆ Ukraine war live updates: Zelenskyy's visit to Washington hailed a historic success; Kyiv's energy situation remains dire
▼ + stars: | 2022-12-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Ukraine President Volodymyr Zelenskyy's visit to Washington has been hailed as a historic, diplomatic success and it's sure to be one that Kyiv hopes will boost the chances of ongoing financial and military support for Ukraine as the war continues. The Ukrainian leader then gave a rousing and historic 32-minute address to U.S. lawmakers at the Capitol building in Washington on Wednesday night. Ukraine is alive and kicking," Zelenskyy said to a loud round of applause and several standing ovations. Zelenskyy assured Americans that their money isn't being wasted in Ukraine, saying its soldiers know perfectly well how to operate complex U.S. weapons systems and planes. Andriy Yermak, the head of Ukraine's presidential office, said on Telegram that the meeting between the two presidents is "historic."

☆ These ETFs can help investors navigate stubbornly high inflation in 2023
▼ + stars: | 2022-12-07 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

Gargi Pal Chaudhuri, head of iShares Investment Strategy Americas, said that she expects inflation to still be above 3% by the end of 2023, driven by services inflation. However, there's also the other part of inflation which is services inflation. Services inflation makes up about 60% or so of the consumer basket," Chaudhuri said. One way to play this is through infrastructure vehicles, like the iShares U.S. Infrastructure ETF (IFRA) . The iShares TIPS ETF have a total return of about -10.4% this year.

☆ Two words investors need to follow to find stocks to ride this comeback — 'Old School'
▼ + stars: | 2022-11-28 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The Dow Jones Industrial Average has gained 4.9% in November, outperforming the other major averages. MKM chief market technician JC O'Hara said in a note to clients on Sunday that "old school leadership" is here to stay. "If this old index can continue to push higher and deeper into overbought territory, that will help break the S & P 500 out." One way for investors to play this trend is ETFs of old-school stocks, including the SPDR Dow Jones Industrial Average ETF (DIA) . The fund tracks the 30 stocks in the Dow Average, with an expense ratio of 0.16%, or $1.60 for every $1,000 invested.

☆ Binance, other crypto firms line up bids for bankrupt Voyager Digital after FTX collapse
▼ + stars: | 2022-11-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Binance and other crypto firms are preparing takeover offers for beleaguered digital currency lender Voyager Digital after FTX, which had initially agreed to acquire the firm, filed for bankruptcy. Voyager filed for Chapter 11 bankruptcy protection, which seeks to restructure troubled firms as viable business operations, in July after crypto hedge fund Three Arrows Capital defaulted on a loan from the company worth $670 million. It was then thrown back to square one after FTX itself filed for bankruptcy after experiencing its own bank run-style surge in withdrawals. This week, Binance confirmed reports that its U.S. subsidiary Binance.US plans to make an offer to rescue Voyager from collapse. CrossTower, a crypto and NFT trading platform, was among the parties that initially competed to buy Voyager in the court auction.

Nov 14 (Reuters) - UK-founded law firm Linklaters on Monday said it has hired a finance-focused partner from Sidley Austin in New York to head its energy and infrastructure practice in the Americas. Ron Erlichman specializes in the financing and development of infrastructure projects, particularly renewable energy and carbon neutral projects, according to an archived profile on Sidley Austin’s website. Prior to Sidley, Erlichman co-chaired the project finance group at Houston-headquartered law firm Bracewell. Erlichman’s experience in the renewable energy and project finance practices “will be invaluable as we guide domestic and international clients through the rapidly changing and complex U.S. energy and infrastructure market,” Linklaters global energy and infrastructure group leader Daniel Tryer said in a statement. A Sidley Austin spokesperson did not immediately respond to a request for comment on Erlichman’s departure.

☆ FTX collapse being scrutinized by Bahamas authorities
▼ + stars: | 2022-11-13 | by ( Jasper Ward | ) www.reuters.com time to read: +4 min

[1/3] The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. REUTERS/Marco BelloNASSAU, Bahamas, Nov 13 (Reuters) - The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any "criminal misconduct occurred," the Royal Bahamas Police said on Sunday. Bankman-Fried had transferred $10 billion of customer funds to his trading company, Alameda Research, the sources said. Blockchain analytics firm Nansen said on Saturday it saw $659 million in outflows from FTX International and FTX U.S. in the preceding 24 hours. In its bankruptcy petition, FTX Trading said it has $10 billion to $50 billion in assets, $10 billion to $50 billion in liabilities, and more than 100,000 creditors.

☆ FTX says investigating 'unauthorized transactions'
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +2 min

Nov 12 (Reuters) - Collapsed crypto exchange FTX said on Saturday it had seen "unauthorized transactions", with analysts saying millions of dollars worth of assets had been withdrawn from the platform. FTX U.S. general counsel Ryne Miller said in a tweet shortly after 0700 GMT on Saturday that the firm had "expedited" the process of moving all digital assets to cold storage "to mitigate damage upon observing unauthorized transactions." loadingCold storage refers to crypto wallets that are not connected to the internet to guard against hackers. Earlier on Saturday, Miller said in a tweet that he was "investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges." "FTX has been hacked," an account administrator in the FTX Support Telegram channel wrote in a message, according to CoinDesk.

The firm's founder Sam Bankman-Fried had transferred $10 billion of customer funds to his trading company, Alameda Research, the sources said. Blockchain analytics firm Nansen said it saw $659 million in outflows from FTX International and FTX U.S. in the last 24 hours. In January, FTX had raised $400 million from investors at a $32 billion valuation. "Over four years, FTX raised $1.8 billion from venture capital and pension funds. In its bankruptcy petition, FTX Trading said it has $10 billion to $50 billion in assets, $10 billion to $50 billion in liabilities, and more than 100,000 creditors.

☆ FTX says it is investigating 'unauthorized transactions'
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +2 min

Nov 12 (Reuters) - Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of "unauthorized transactions", with analysts saying millions of dollars worth of assets had been withdrawn from the platform. Late on Friday, Miller tweeted that he was "investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges." loadingFigures from Singapore-based analytics firm Nansen showed a one-day net outflow from FTX of about $266 million, with $73 million withdrawn from FTX U.S. alone. "FTX has been hacked," an account administrator in the FTX Support Telegram channel wrote in a message, according to CoinDesk. FTX, affiliated crypto trading firm Alameda Research and about 130 of its other companies have filed for bankruptcy court protection from creditors in Delaware, FTX said on Friday.

☆ Before his epic fall, Sam Bankman-Fried was hailed as a crypto genius. Some clients saw smoke and mirrors.
▼ + stars: | 2022-11-11 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +14 min

Until a few days ago, Sam Bankman-Fried was the king of crypto. “I’m sorry I didn’t do better,” Bankman-Fried said Tuesday in a message to investors reviewed by NBC News. The contentions of the people who spoke with NBC News are echoed in a 2019 lawsuit brought in federal court against FTX Alameda, Bankman-Fried and other executives. But the crypto market does not have the protections or price transparency found in listed stock markets, for example. FTX and Alameda, as a major crypto exchange and market maker, attracted crypto developers to list their projects for trading.

☆ Ontario Pension says any loss from FTX investment to have limited impact
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: 1 min

TORONTO, Nov 10 (Reuters) - The Ontario Teachers Pension Plan (OTPP) said on Thursday it had invested a total of $95 million to the troubled cryptocurrency exchange FTX and any financial loss from the exposure will have limited impact on the pension plan. OTPP, Canada's No. 3 pension fund, said it made the investments in FTX International and FTX U.S. exchange through its Teachers' Venture Growth fund, representing less than 0.05% of the pension fund's total net assets, it said. FTX is scrambling to raise funds investors and rivals as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. read moreReporting by Divya RajagopalOur Standards: The Thomson Reuters Trust Principles.

☆ FTX's U.S. website says trading 'may be halted' in a few days but withdrawals still available
▼ + stars: | 2022-11-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

FTX's U.S. website says trading "may be halted" in a few days after the parent company spiraled towards collapse this week from a liquidity crisis. "Please close down any positions you want to close down," FTX U.S. said in an announcement on its site on Thursday. "Withdrawals are and will remain open. FTX U.S. says it is a U.S.-regulated exchange. The unit is a very small piece of FTX, Sam Bankman-Fried's crypto exchange, which has spent the week seeking a bailout as customer withdrawal demands mounted.

☆ U.S. probes FTX over handling of client funds - Bloomberg News
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

Nov 9 (Reuters) - Two top U.S. financial regulators are probing whether crypto exchange FTX.com properly handled customers' funds, and its relationship with other parts of Sam Bankman-Fried's crypto empire, Bloomberg News reported on Wednesday. The Securities and Exchange Commission and the Commodity Futures Trading Commission are probing FTX.com’s relationship with its American counterpart FTX U.S. and Bankman-Fried's trading firm Alameda Research, the report said. The report, citing people familiar with the matter, comes a day after crypto exchange Binance said it would acquire FTX.com. The SEC and FTX.com did not immediately respond to Reuters' requests for comment. Reporting by Niket Nishant in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

As recently as August, Lachlan Murdoch described sports betting as "a huge opportunity" for Fox Sports, telling Wall Street it would fuel viewer engagement. The sports betting app Fox Bet is available in four states, with just 0.2% share of the U.S. market, according to researcher Vixio. A free version called Fox Bet Super 6 has attracted some 6 million users whom Fox hopes to eventually convert to gamblers. The growth of Fox Bet has stagnated since market-leading FanDuel's owner, Flutter Entertainment Plc (FLTRF.L), acquired Stars Group in 2020. The matter is the subject of an arbitration case and Lachlan Murdoch told investors a decision is expected imminently.

To see how much jobs in the creator economy pay, Insider analyzed salary data from 142 work-visa applications filed with the US government and decided on between October 2020 and June 2022. The pay data includes salaries ranging from a data scientist position that offers $170,000 per year at Discord to a staff engineer role that earns $250,000 or more at Patreon. At Cameo, a principal software engineer would make $230,000Steven Galanis, CEO of Cameo. Senior Manager, DevOps : $140,000: $140,000 Statistician: $116,979 to $170,000 (Spotter said it internally calls this position "Data Analyst.") At Teachable, a senior software engineer would make $150,000Teachable is a platform where creators can build and sell online courses and coaching programs.

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Register now for FREE unlimited access to Reuters.com RegisterChinese nationals Guochun He and Zheng Wang were charged with trying to interfere in the prosecution, the prosecutors said. Court documents did not name the company, but the complaint referenced the same dates in which the U.S. unsealed its charges against Huawei, in 2019 and 2020. In addition to the case against the two Chinese nationals accused of interfering in the Huawei prosecution, the Justice Department also announced charges in two other schemes. The second case charges four Chinese nationals out of New Jersey with running a decade-long intelligence campaign, while the third accuses seven others of waging a harassment campaign against a U.S. resident in a bid to convince him to return to China. Of the 13 people charged, 10 are Chinese intelligence officers and Chinese government officials.

Prosecutors charged Chinese nationals Guochun He and Zheng Wang with trying to interfere in prosecution of an international telecommunications company. While court documents did not name the company, a person familiar with the investigation said they were trying to interfere with the prosecution of Huawei (HWT.UL). Register now for FREE unlimited access to Reuters.com RegisterA spokesperson for Huawei could not be reached for comment on Monday. Prosecutors also unveiled charges against four Chinese nationals in what they called a long-running intelligence campaign. The complaint against He and Wang alleges they tried to obtain confidential information concerning witnesses, trial evidence and any potential new charges the company could face.

Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. Profits at big banks got a boost last year as they released funds reserved for potential COVID losses. In the third quarter of last year, they released about $4 billion of loan provisions, according to data from Refinitiv. read moreThe biggest U.S. bank by assets kicks off third-quarter results on Friday, followed by Wells Fargo (WFC.N), Citigroup (C.N) and Morgan Stanley. Shares of the big six U.S. banks have plunged between 14% and 34% so far this year.

☆ LeBron James is a pickleball fan. And now he's buying a team
▼ + stars: | 2022-09-28 | by ( Jessica Golden | ) www.cnbc.com time to read: +4 min

LeBron James, the king of basketball courts, is one of the newest owners of a professional pickleball team. "When I started playing pickleball, I immediately connected with the sport's community and its capacity to be both fun and competitive," Carter told CNBC in an interview. "We had this immediate connection over their passion for playing pickleball, their passion for growing pro pickleball grassroots. Worcester said the demand for owning a pickleball team is high with more than 60 different groups expressing interest. "Yes, we would welcome LeBron or Draymond or Kevin Love to think about playing," Worcester said laughing.

☆ Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried's FTX for $1.4 billion
▼ + stars: | 2022-09-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Customers of beleaguered cryptocurrency lender Voyager Digital may find some solace in the news that FTX, the bitcoin exchange founded by billionaire Sam Bankman-Fried, is set to take on the company's assets after winning a bankruptcy auction. After several rounds of bidding, FTX's U.S. subsidiary was selected as the highest bidder for Voyager's assets, the companies said in a statement late Monday. The bid was valued at roughly $1.4 billion, a figure that includes $1.3 billion for the fair market value of Voyager's digital assets, plus a $111 million "additional consideration" in anticipated incremental value. The sale of Voyager's assets to FTX U.S. is dependent on a vote by creditors, as well as "other customary closing conditions," according to the statement.

☆ Big business likes to trumpet ESG credentials. But a 'greenwashing' reckoning could be on the horizon
▼ + stars: | 2022-09-21 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +8 min

Many of these claims are now viewed through the prism of ESG, or environmental, social and governance. But here's the rub: Definitions of ESG often vary and are hard to pin down. Over in the United States, scrutiny of claims about sustainability and ESG is also taking place. When contacted by CNBC, Vale — which has an "ESG Portal" on its website — referred to a statement issued on April 28. The debate surrounding greenwashing is becoming increasingly fierce, with the charge often leveled at multinational companies with vast resources and significant carbon footprints.

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