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☆ Apple and Goldman Sachs ordered to pay $89 million after Apple Card failures
▼ + stars: | 2024-10-23 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —The US Consumer Financial Protection Bureau ordered Goldman Sachs and Apple to pay $89 million, and Goldman was temporarily banned from issuing new credit cards, because of the companies’ mishandling of their Apple Card partnership. Apple neglected to send tens of thousands of Apple Card disputes to Goldman Sachs, the CFPB said. The Apple Card issued by Goldman Sachs and running on the Mastercard network rolled out in August 2019. In April 2023, Apple announced it would be offering its Apple Card holders a 4.15% high-yield savings account with Goldman Sachs. They may park both the 3% cash back they receive from using the Apple Card on select purchases plus other savings they may wish to deposit.

Persons: Goldman Sachs, Goldman, Apple, ” Goldman Sachs, ”, Marcus Organizations: New, New York CNN, Consumer Financial Protection, Apple, Apple Card, SEC, General Motors, Barclays, Mastercard Locations: New York

☆ EY fired staff for an ethical breach after they watched multiple online training courses at the same time
▼ + stars: | 2024-10-22 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

EY has fired dozens of staff in the US over code of conduct breaches, the FT first reported. The staff watched multiple online training courses simultaneously, the report said. The dismissals took place last week after an investigation found that the staff had watched multiple online training courses simultaneously during "EY Ignite Learning Week" in May, the FT reported. They said that there had been no warning that watching courses simultaneously was not allowed and that multitasking was part of EY's culture. The SEC said hundreds of EY accounting staff shared answers to exam questions "over multiple years."

Persons: EY, — Organizations: Business, Service, Financial Times, US Securities and Exchange Commission, SEC, Big, Public Company Locations: Indonesia, Philippines

☆ This tax-free income play is set up for a strong year-end performance, says UBS
▼ + stars: | 2024-10-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Municipal bonds not only offer solid, tax-free income — they should also see some capital appreciation later this year, according to UBS. Consumers are still spending and the combination of job growth, higher wages and slowing inflation should continue to push households' real disposable income higher, he added. Further, the longer end of the muni bond yield curve is also starting to look attractive, he said. Investors hoping to take a diversified approach to municipal bonds may want to consider an exchange-traded fund. Schwab's Municipal Bond ETF (SCMB) , which has an expense ratio of 0.03% and a 30-day SEC yield of 3.25%.

Persons: Sudip Mukherjee, Mukherjee, Bonds Organizations: UBS, muni, Index Fund, SEC, Schwab's Municipal Bond ETF

☆ Five NBA rookies to watch this season: Zach Edey, Bronny James and more
▼ + stars: | 2024-10-22 | by ( Johannes Sasay-Wada | ) edition.cnn.com time to read: +10 min

Here are five NBA rookie storylines to watch in 2024-25. Zach Edey, center, Memphis GrizzliesThe first thing you will notice about Canadian rookie Zach Edey is his formidable size, measuring in at 7-foot-4-inches and 305 pounds. Jared McCain, guard, Philadelphia 76ersOne of the highest profile rookies entering the league this season, former Duke guard Jared McCain has become a social media sensation due to his larger-than-life personality. Bronny James, guard, Los Angeles LakersBronny James comes into the NBA as one of the most scrutinized second round picks of all time. This is because his father is four-time MVP and NBA champion LeBron James, as well as the league’s all-time leading scorer.

Persons: Zach Edey, Edey, Trevor Ruszkowski, Myles Turner, Ja, Jared McCain, McCain, Bill Streicher, Duke, Tyrese Maxey, Maxey, Joel Embiid, Paul George, Rob Dillingham, Anthony Edwards, Vincent Carchietta, Dillingham, Stephon, Victor Wembanyama, Eric Gay, of Famer Chris Paul, Gregg Popovich, Paul, Pop –, Bronny James, James, LeBron James, LeBron, Bronny James dribbles, Cary Edmondson, Bronny, JJ Redick – Organizations: CNN, NBA, Summer League, Memphis Grizzlies, Purdue, UConn, Naismith, Basketball, USA, NCAA, Indiana Pacers, Grizzlies, Philadelphia 76ers, Sixers, Duke, Zion, Boston Celtics, Eastern, Minnesota Timberwolves, Wildcats, SEC, San Antonio Spurs, Team USA, Timberwolves, Dillingham, Big, Huskies, New Spurs, AP, of Famer, Spurs, Los Angeles Lakers, Bronny, University of Southern, Lakers, Golden State Warriors, Sports, Reuters, USC, Trojans, League, South Bay Lakers, LeBron Locations: TikTok, Duke, shifty, The North Carolina, Kentucky, Minnesota, Stephon, San Antonio, University of Southern California

☆ The tax code could be in for upheaval. How to prepare your portfolio, per Bank of America
▼ + stars: | 2024-10-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The Tax Cuts and Jobs Act (TCJA), which took effect in the beginning of 2018, overhauled the federal tax code. It roughly doubled the standard deduction, adjusted individual income tax brackets , lowered most of the rates and applied a $10,000 cap on the state and local tax deduction. Mutual funds tend to have higher turnover – that is, buying and selling of underlying securities – and by law they must distribute capital gains. Meanwhile, income from Treasurys are subject to federal income tax, but exempt from state and local tax. Seek tax-efficient opportunities for your holdings Take a look at your portfolio and see whether there are opportunities for tax-advantaged yield, Woodard said.

Persons: Jared Woodard, Woodard, MLPA Organizations: Bank of America, Mutual, Bloomberg, ETF, SEC, Muni, MLP & Energy Infrastructure, Global, MLP, MLPX, & $ Locations: U.S

☆ McDonald's is the latest election battleground for Trump and Harris
▼ + stars: | 2024-10-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

It was the latest in a long tradition of presidential candidates invoking the fast-food chain. On Sunday, former President Trump reportedly served fries and handed them out at the drive-thru window of McDonald's in Feasterville, Pennsylvania, for about 15 minutes. Visitors to the drive-thru had to be screened by the Secret Service and didn't get to choose what Trump handed them, the Post reported. AdvertisementIn response, Harris' campaign has confirmed her early job at McDonald's — and questioned Trump's familiarity with the middle class. Candidates like Harris and business leaders like Jeff Bezos have often mentioned their work at McDonald's as a formative experience.

Persons: Donald Trump, McDonald's, —, Donald Trump's, Trump, Mitt Romney, Bill Clinton's, didn't, Kamala Harris, Harris, Ian Sams, Jeff Bezos, Paul Ryan, Mitt Romney's, Ryan, Derek Giacomantonio Organizations: Service, Washington Post . Visitors, Secret, Trump, Hobart, SEC Locations: Pennsylvania, Arkansas, Feasterville , Pennsylvania, McDonald's, America

☆ KKM Financial's Essential 40 stock fund is now an ETF
▼ + stars: | 2024-10-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

KKM Financial has converted its Essential 40 mutual fund into an ETF, joining the growing shift by asset managers to a more tax-efficient fund model. "A lot of the wealth advisors that I work with really have issues with the capital gain distribution typical to a mutual fund." The newly converted KKM fund will trade on the Nasdaq under the ticker ESN. The old mutual fund version of the Essential 40 had a three-star rating from Morningstar. The ETF will have a net expense ratio of 0.70%, equal to that of the old mutual fund.

Persons: Jeff Kilburg, Eli Lilly, Morningstar, They've Organizations: KKM, CNBC, SEC, Securities and Exchange Commission, Nasdaq, JPMorgan Chase, Waste Management, Morningstar Locations: U.S

☆ The rise and fall of 23andMe
▼ + stars: | 2024-10-20 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

2024: Wojcicki responds to consumer concernsWojcicki said she would not consider "third-party takeover proposals." Steve Jennings/Getty Images for TechCrunchThe company's reputation took another hit in September when an SEC filing said Wojcicki "would be open to considering third-party takeover proposals." "Accordingly, in order to update my prior statement and avoid any confusion in the market, I am no longer open to considering third-party takeover proposals for the Issuer." The Atlantic reported that the sale of 23andMe could also mean the potential sale of user data. A 23andMe spokesperson told BI that Wojcicki "has publicly shared she intends to take the company private, and is not open to considering third-party takeover proposals."

Persons: Wojcicki, Steve Jennings, Wojcicki's, Anne Organizations: Getty, SEC, Electronic Frontier Foundation

☆ Top crypto PAC targets close House races as 2024 election hits final stages
▼ + stars: | 2024-10-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group's agenda over the top. Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that's favored Republicans, and $5 million to Protect Progress, which has only supported Democrats. Of the House donations, $6.2 million went to Democratic candidates and $2.3 million to Republicans. Crypto groups have spent over $130 million in congressional races for this year's election, including the primaries, according to FEC data.

Persons: Trump, that's, Fairshake, James Delmore, Southern California Republicans David G, Valadao, Michael Garcia, They've, Delmore, Patrick Ryan, Steven Horsford, Angela Dawn Craig, Derek Yoo, Katie Porter Organizations: US, —, American Jobs PAC, Republicans, CNBC, Southern, Southern California Republicans, Democratic, Progress, Senate, Public Citizen, SEC, Moonsong, California Senate, Fairshake's, Crypto Locations: Nashville , Tennessee, New York , Nevada, California, Southern California, Illinois , Colorado , Oregon , Iowa, Arkansas, Arizona, Michigan, Utah

☆ Georgia upset No. 1 Texas in game marred by Longhorns fans throwing trash on the field
▼ + stars: | 2024-10-20 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

1 Texas Longhorns 30-15 in Austin on Saturday evening as Bulldogs running back Trevor Etienne ran for three touchdowns in a game marred by Texas fans throwing trash on the field. Texas fans expressed their frustration with the call by throwing water bottles and other trash onto the field at Darrell K Royal-Texas Memorial Stadium, which were cleared up by cheerleaders and other team staff. Fans threw trash onto the field during the game. Bulldogs running back Trevor Etienne ran for three touchdowns during the game. “Unfortunately we didn’t play our best football tonight but we were still competitive,” Texas coach Steve Sarkisian told reporters afterward.

Persons: Trevor Etienne, Jahdae Barron, Darrell K, Quinn Ewers, Jeffrey Vest, “, Kirby Smart, ”, you’ve, Etienne, Alex Slitz, Steve Sarkisian Organizations: CNN, Georgia Bulldogs, Texas Longhorns, Texas, Darrell K Royal, Longhorns, Southeastern Conference, SEC, Georgia, Bulldogs, Getty Images, AP, ESPN Research, ”, Oregon Ducks Locations: Austin, Texas, Georgia, Getty Images Texas, ” Texas

We've compiled everything you need to know about how to watch Georgia vs. Texas, including cable and live streaming options. The Georgia vs. Texas game will air on ABC in the US. How to watch Georgia vs. Texas in the USIf you don't have cable or access to a good antenna, there are a couple of ways to live stream the Georgia vs. Texas game, including broad live TV packages and a streaming service tooled toward specific games, like tonight's match-up. Check price at FuboHow to watch Georgia vs. Texas from anywhereFootball fans traveling away from home don't need to worry about missing out on any of the action. Check price at ExpressVPNHow to watch Georgia vs. Texas with a VPNSign up for a VPN if you don't have one.

Persons: We've, we've, There's, ExpressVPN Organizations: Business, Texas Longhorns, SEC, Georgia Bulldogs, Georgia, Texas, Longhorns, Bulldogs, ABC, . Texas, ESPN, UFC, MLB, NHL, NFL, Hulu, Disney Plus, DirecTV, DirecTV Stream, Football Locations: . Texas, Georgia, Austin, Texas, Alabama, .

☆ Georgia knocks off No. 1 Texas: Bulldogs back in SEC race; Quinn Ewers’ struggles loom large
▼ + stars: | 2024-10-19 | by ( The Athletic College Football | ) www.nytimes.com time to read: +10 min

As the garbage came down, Texas coach Steve Sarkisian and then other members of the Texas team walked to the corner of the end zone waving their hands and asking students to stop. They were unable to go sideline-to-sideline or downhill as Georgia met Texas with force every step of the way. The second half got dicey, with Georgia giving up two touchdowns on relatively short fields, one after the controversial interception/overturned pass interference, the other after Georgia for some reason squib-kicked the second half kickoff. In the second half, Ewers returned and led a touchdown drive to open the third quarter. Mykel Williams forced a second Ewers fumble with 10:23 left in the game, thwarting a Texas drive in Georgia territory.

Persons: Sam Khan Jr, Chris Vannini, Seth Emerson, —, Quinn Ewers, Arch, There’s, Ole, Georgia’s, — Seth Emerson, Jahdae Barron, Carson Beck, Barron, Darrell K, Steve Sarkisian, “, Kirby Smart, Katie George, “ Nobody, I’m, — Sam Khan Jr, Jalon Walker —, Daylen Everette, Beck, Arian Smith, Oscar Delp, — Emerson, tersely, Arch Manning, Manning, Texas ’, Ewers, ” Sarkisian, Quinn, ‘, let’s, ”, Mykel Williams, can’t, we’ve, Everybody’s, — Khan, Tim Warner Organizations: SEC, College, Bulldogs, Longhorn, Alabama, Kentucky, Mississippi State, Ole Miss, Texas, Tennessee, College Football, Clemson, Georgia, Darrell K Royal, Longhorns, Longhorns ’ College, Oklahoma, Texas ’, Credit Georgia, Getty Locations: Georgia, Texas, Arch Manning, Alabama, Auburn, Tennessee, Florida, , Texas, “, Ewers

☆ Wild Tennessee rivalry win against Alabama puts Tide in previously unthinkable position
▼ + stars: | 2024-10-19 | by ( The Athletic College Football | ) www.nytimes.com time to read: +9 min

A few possessions later, Tennessee sealed the win with a Will Brooks interception of Jalen Milroe with 1:24 to play. Though the Tide won last year in Tuscaloosa, Saturday marked Tennessee’s second consecutive win against Alabama at Neyland Stadium, something that hadn’t happened since 2004 and 2006. The Vols jumped to 56 percent after the win, and the Tide fell to 53 percent, according to The Athletic’s Austin Mock. A loss to Tennessee coupled with the loss to Vanderbilt and a lackluster win against South Carolina puts Alabama in a simple but challenging position: win out or bust. Four Tennessee drives reached Alabama territory in the first half Saturday, but the Volunteers failed to score on any of them.

Persons: Kennington Smith, Joe Rexrode, David Ubben, Crimson, Kalen DeBoer, Nico Iamaleava, Chris Brazzell II, Will Brooks, NICO, A. Organizations: Tennessee, rival’s College Locations: David Ubben KNOXVILLE, Tenn, —, Alabama, , Tennessee, Tennessee, 7 y

☆ F1 meets Georgia-Texas: Austin readies for one of its biggest sports weekends
▼ + stars: | 2024-10-19 | by ( Madeline Coleman | ) www.nytimes.com time to read: +8 min

AUSTIN, Texas — Just outside Circuit of the Americas stands a large, multicolored billboard. 5 Bulldogs, is one of the biggest college football matchups this year, with two Southeastern Conference powerhouses set to clash. Legendary football coach Nick Saban did a hot lap on Friday, and Jess Sims tested several drivers’ knowledge of American college football, including Lando Norris. Iconic American college football and Formula One racing,” said Drew Martin, Texas’ Executive Senior Associate Athletics Director for External Affairs. “I know the Europeans are particularly fond of college football, in particular the halftime show.

Persons: COTA, GameDay, Elle Duncan Show, Nick Saban, Jess Sims, Lando Norris, It’s, ”, Drew Martin, Martin, “, ” Martin, “ It’s, ” Jess Sims, It’ll, ” COTA, Bobby Epstein, Epstein, Austin ”, Martin reckons, Darrell, Oscar Piastri, ’ Epstein, Eminem, ” Epstein, ’, Alex Albon, Jared C, Tilton Organizations: Tire, Sting, Texas Longhorns, Georgia Bulldogs, United, Texas, Oklahoma State, Kansas State, Southeastern Conference, Iconic American, Formula, Affairs, ” College football gamedays, SEC, University of Texas, Longhorn, ESPN, Dallas Grand Prix, Texas -, Darrell K Royal, Longhorns, McLaren, ” University of Texas Athletics, Circuit, Americas, Austin, Getty Locations: AUSTIN , Texas, Americas, Austin, United States, COTA, Texas, Europe, Texas - Georgia, Georgia, Austin , Texas

☆ In college football showdown, Texas will try beating Georgia at its own game
▼ + stars: | 2024-10-18 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +3 min

That changed in 2023, when Texas went 12-2 in coach Steve Sarkisian’s third season and appeared in the College Football Playoff for the first time. Like Texas, Georgia spent much of the last 30 years boasting a past national championship and a campus in a recruiting-rich part of the country, with little modern success to show for it. The quarterback of the Bulldogs’ back-to-back championship teams was not a former high-star recruit but he did grow up in Georgia. In the decade before Sarkisian’s hiring, Texas recruiting classes finished with an average rank of 10.8 in the country; in three recruiting classes under Sarkisian, Texas has averaged a ranking of 4.6. In the eyes of Texas fans, the Longhorns won’t qualify as fully back until they win the program’s first football national championship since 2006.

Persons: Steve Sarkisian’s, Quinn Ewers, Arch Manning, Peyton, Eli Manning, Kirby Smart, Nick Saban Organizations: Longhorns, College Football, SEC, Bulldogs, Georgia, USA Today, Saban, Southeastern, Mississippi State Locations: Texas, Georgia, Alabama, When Texas, , Texas

☆ Week 8’s top 10 college football games: Georgia-Texas, Alabama-Tennessee and much more
▼ + stars: | 2024-10-18 | by ( Justin Williams | ) www.nytimes.com time to read: +10 min

On the heels of two of the more riveting weeks of college football in recent memory comes a jam-packed Saturday that features a trio of SEC headliners, including a top-five clash between blue bloods. There’s also multiple rivalry games that feature boots (sort of), and a potential College Football Playoff showcase in Bloomington, Indiana, of all places. Stream college football on fubo. 17 Kansas State (5-1) at West Virginia (3-3), 7:30 p.m., Fubo, FoxThere are intriguing matchups involving the Big 12’s three ranked teams this week, including Oklahoma State at No. 8 LSU (5-1) at Arkansas (4-2), 7 p.m., Fubo, ESPNIt’s the Battle for the Golden Boot, one of the more underappreciated rivalry names and trophies in college football.

Persons: There’s, James Madison, Cam Skattebo, Sam Leavitt, Jeff Sims, Brendan Sorsby, hasn’t, Red Grange, Benjamin Morrison, Haynes King, King can’t, Zach Pyron, Curt Cignetti, Joe Rexrode, They’ve, Dylan Raiola, Sam Pittman, —, Garrett Nussmeier, Ole, Coach Howard Schnellenberger, — Mark Ennis, Cam Ward, Tyler Shough, Ward, David Ubben, Kennington Smith, Quinn Ewers, Kevin C, Cox Organizations: SEC, Oklahoma, BYU, Clemson, Auburn, Georgia Southern, UCF, Iowa State, fubo, Arizona State, Sun Devils, Bearcats, ASU, UNLV, Oregon State, CW The Rebels, Syracuse, Utah State, Boise State, Broncos, Group, Kansas State, Fox, Oklahoma State, Wildcats, CBS, Purdue, Illini, Red, Wolverines, Notre Dame, Irish, Georgia Tech, North, Navy, Army, USC, Indiana, Hoosiers, Nebraska, Huskers, Ohio State, LSU, ESPN, Tigers, Ole Miss, Razorbacks, Miami, ABC, Cardinals, Louisville Sports Commission, Virginia Tech, Cal, Hurricanes, Louisville, Virginia, FBS, Oregon, Georgia, Getty Locations: Bloomington , Indiana, BYU , Ohio, Miami ( Ohio, Virginia, Missouri , Louisiana, Coastal Carolina, Toledo, NIU , Colorado, Arizona, Cincinnati, Utah, Las Vegas, Corvallis, Oregon, Nevada, West Virginia, Morgantown, Kansas, Michigan, Illinois, . Illinois, North Carolina, Nebraska, Indiana, Bloomington, Arkansas, Louisville, Miami, Tyler Shough . Miami, Alabama, Tennessee, Georgia, Texas, Austin

☆ Battle of the billionaires: Harris deploys Mark Cuban as Elon Musk stumps for Trump
▼ + stars: | 2024-10-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +8 min

The Grinch is the one that's going to be putting these small business out of business." Unlike Musk, who has donated nearly $75 million and counting to Trump-aligned groups, Cuban is not a political donor. Ben Wikler, Wisconsin's Democratic Party Chair, praised Cuban's "talents" and said he has credibility to reach voters on business and economic issues. But I trust her.”None of this, however, is unfamiliar territory for Cuban, who played a similar role in 2016 for Clinton’s ultimately unsuccessful campaign against Trump. Before that campaign, Trump and Cuban had a hot-and-cold relationship.

Persons: Elon Musk, Donald Trump, Kamala Harris, Mark Cuban, Hillary Clinton, Cuban, Harris, Doug Emhoff, Harris —, —, He’s, Kamala, Trump, Zoe Lofgren, Ben Wikler, Cuban's, Wikler, Jim Watson, Musk, ” Cuban, Chuck Todd, “, Elon, ‘ There’s, ”, Theo Von’s, Diddy, knifed Trump, I’d, Von, Clinton’s, Clinton, Stephen Colbert’s, “ Donald, Gennifer, ” Trump, Bill Clinton, — Trump, Mandel Ngan, Jeff Hauser, Lina Khan, Alexandria Ocasio, “ Harris ’ Organizations: Elon, IGN, Cuban, Venture, SpaceX, Trump, Commission, Equis Research, Wisconsin's Democratic Party, Getty, NBC News, NBA, Dallas Mavericks, Democrats, “ Major League Baseball, Security and Exchange Commission, SEC, Fox News, Department of Health, Human Services, Federal Locations: Wisconsin, Phoenix, Michigan, La Crosse , Wisconsin, Pennsylvania, AFP, Cuban, United States, Harris, Alexandria, Cortez

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFBI arrests man in connection with fake bitcoin post on SEC X account: 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, Solo Ceesay of Calaxy reacts to bitcon's recent price action and what the U.S. election means for crypto prices.

Persons: explainers Organizations: FBI, SEC, CNBC Crypto, CNBC

☆ FBI arrests Alabama man for SEC X hack that spiked price of bitcoin
▼ + stars: | 2024-10-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

FBI agents on Thursday arrested an Alabama man for his alleged role in the Jan. 9 hack of the Securities and Exchange Commission's X account, which sent the price of bitcoin spiking by more than $1,000, the Department of Justice announced. The tweet said, "Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges." Shortly afterward, the SEC regained control of its social media account, and announced the tweet was false and the result of a hack. A day after the hack, the SEC approved rule changes that allowed the creation of bitcoin ETFs in the United States. Council, who used the online handles "Ronin," "Easymunny," and "AGiantSchnauzer," allegedly was paid in bitcoin by co-conspirators for his role in the hack.

Persons: Eric Council Jr, Gary Gensler Organizations: Securities, Exchange, Department of Justice, Northern, Northern District of, Prosecutors, SEC, BTC, DOJ, Council, FBI Locations: Alabama, Northern District, Northern District of Alabama, United States

☆ CNBC Sport: Why bars and restaurants are shedding 'Sunday Ticket' subscriptions
▼ + stars: | 2024-10-17 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +29 min

As a condition of that deal, EverPass included the right to build its own commercial streaming connection for "Sunday Ticket," bypassing third-party licensing. 1) Some commercial establishments are switching to EverPass's internet product. 2) Some commercial establishments are cutting the cord on pay-TV in general. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates.

Persons: Alex Sherman, DirecTV's, What's, EverPass, Lillian Rizzo, –, Everpass, It's, Craig Kilborn, Val Ackerman, Ackerman, that's, We're, Alex, you've, they're, Jeff Shell, Tom Brady, Tom Wagner, CNBC's Michael Ozanian, Jessica Golden, Brady, He'll, Wagner, Warner, Jake Piazza, CNBC's Rizzo, Nielsen, That's, — Ian Charles, Arctos, Charles, NBC's Peacock, Christian Miller, Miller, Adam Silver doesn't, Jim Dolan, Abu, Greg Norman, Norman, Rory McIlroy, Tiger Woods, Chiney Ogwumike Organizations: CNBC, NFL, Google, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, Amazon Prime, ESPN, Dish Network, Big East Conference, WNBA, Big, CNBC Sport, Skydance, Paramount Global, Shell, Paramount, Las Vegas Raiders, Knighthead, Raiders, Fox Sports, NBA, Warner Bros, Discovery, TNT, MLB, Los Angeles Dodgers, New York Mets, Mets, Revenue, League, Golden State Warriors, Boston Celtics, Philadelphia Phillies, Wall Street, Comcast, Puma, NBC News, U.S, SEC, New York Times, Sphere Entertainment, Saudi Arabia's Public Investment Fund, Sports Business, PGA, Chiney, Continent Foundation, Philadelphia Eagles, Kansas City Chiefs, Visual China, Getty, Big East Locations: Apple, New York, American, Boston , Philadelphia, Northern California, U.S, Abu Dhabi, Vegas, Queens, Africa, Newport Beach , California

☆ Mark Cuban will campaign for Kamala Harris in 3 key swing states
▼ + stars: | 2024-10-17 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Billionaire Mark Cuban is hitting the stump for Kamala Harris. AdvertisementWhile former President Donald Trump turns to Tesla CEO Elon Musk, Vice President Kamala Harris has a billionaire of her own to help the campaign's home stretch. Harris will stump with billionaire investor and former "Shark Tank" star Mark Cuban on Thursday in Wisconsin. Cuban's campaign appearances come amid speculation that the billionaire might aspire to join Harris' administration if she wins the election. During a previous press call hosted by the Harris campaign, Cuban conceded that Gensler's actions remain an open wound.

Persons: Mark Cuban, Kamala Harris, Harris, —, Donald Trump, Elon Musk, Doug Emoff, Trump, Gary Gensler, Cuban Organizations: Service, Trump, Securities and Exchange, cryptocurrency, Cuban, Politico, SEC, Dallas Mavericks Locations: Wisconsin, Cuban, Harris, Arizona, Michigan, Butler , Pennsylvania

☆ Triller is finally a public company after years of false starts. Here's its pitch to investors.
▼ + stars: | 2024-10-16 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

The creator and marketing company Triller is finally trading on the Nasdaq under the ticker ILLR. The company went public via a reverse merger with a Hong Kong-based company called AGBA. A reverse merger occurs when a private company goes public by acquiring a publicly listed company. That didn't come to fruition, and in December 2021, the company announced plans to complete a reverse merger with a company called Seachange International. Creators, brands, and consumers are the main cohorts that AGBA touts as central to Triller's business in its recent filings.

Persons: Triller, —, TikTok —, It's, Julius, AGBA, Triller's, Mike Lu, Lu Organizations: Nasdaq, Service, AGBA, Holding, Clubhouse Media, Reuters, Seachange, SEC, Big Tech, AGBA's, Facebook, YouTube, Business, Billboard Locations: Hong Kong, buzzy

☆ RTX subsidiary Raytheon to pay more than $950 million to settle foreign bribery, export control fraud probes
▼ + stars: | 2024-10-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Raytheon Technologies headquarters building is seen at dusk in Arlington, Virginia, on Jan. 20, 2024. The Raytheon subsidiary of defense contractor RTX agreed Wednesday to pay more than $950 million to settle U.S. Department of Justice investigations into an alleged government contract fraud scheme, violations of foreign bribery laws and the Arms Export Control Act. More than $22 million of that settlement will be offset by Raytheon's settlement with the DOJ. The company as part of the DOJ settlement also agreed to enter into deferred prosecution agreements involving that conduct in federal district courts in Brooklyn, New York, and Massachusetts. We are committed to working closely with the incoming independent monitor to improve and further enhance our ethics and compliance program."

Persons: RTX, Kevin Driscoll, Driscoll Organizations: Raytheon Technologies, Raytheon, U.S, Department of, Control Act, U.S . Securities, Exchange Commission, DOJ, State Department, Defense Department, Patriot, SEC, Raytheon Company Locations: Arlington , Virginia, Qatar, Brooklyn , New York, Massachusetts, Brooklyn

☆ We're bending our investment rules and starting positions in 2 of our Bullpen stocks
▼ + stars: | 2024-10-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

We're initiating positions for Jim Cramer's Charitable Trust in BlackRock and CrowdStrike . BlackRock is the world's largest asset management manager and leading provider of investment, advisor, and risk management solutions. There's a good whitepaper on CrowdStrike's website published by IDC that explains the value of the CrowdStrike Falcon XDR platform. It was a major blow for a cybersecurity company, especially one with a pristine reputation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, CrowdStrike, Larry Fink, Fink, George Kurtz, Jim, Satya Nadella, They've, Jim Cramer Organizations: BLK, CRWD, BlackRock, Trust, Investing, Retail, Blackrock, Global Infrastructure Partners, Management, Money, We're, IDC, Falcon, Microsoft, Palo Alto Networks, Alto Networks, SEC, CNBC Locations: BlackRock, CrowdStrike, Blackrock, Palo, Cybersecurity, We're

☆ Harris PAC's $1 million contribution from Ripple's Chris Larsen shows crypto industry warming to VP
▼ + stars: | 2024-10-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

In total, Larsen has given around $1.9 million to support Harris' campaign directly and through PACs, according to FEC data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. "What we've had to date has been almost like purposeful chaos by Gensler to kind of crush the domestic industry," Larsen said. Horowitz said that he and his wife, Felicia, "have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time." On Monday, the Harris campaign unveiled its "Opportunity Agenda for Black Men" in a report.

Persons: Chris Larsen, Donald Trump's, Chris Larsen isn't, Ripple, Kamala Harris, Larsen, who's, Harris, he's, Biden, " Larsen, isn't, James Delmore, that's, Evelyn Hockstein, Andreessen Horowitz, Trump, keynoted, Josh Shapiro, John Deaton, Massachusetts Republican who's, Democratic Sen, Elizabeth Warren, Nancy Pelosi, Gary Gensler, Brad Garlinghouse, Marvin Ammori, Skybridge Capital's Anthony Scaramucci, Scaramucci, Warren, Ben Horowitz, Marc Andreessen, Horowitz, Felicia, Delmore Organizations: YouTube, White, CNBC, Biden, Democratic, Harris, Fund, Forbes, Public Citizen, U.S, Erie International Airport, Democratic Pennsylvania Gov, Massachusetts Republican, Nancy Pelosi Victory Fund, Biden PAC, SEC, Trump, Ripple, White House, Sen Locations: Bay, Erie , Pennsylvania, U.S, Nashville , Tennessee, Massachusetts, Washington ,, New York

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