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☆ Watch CNBC's full interview with the Omega Family Office's Leon Cooperman
▼ + stars: | 2023-01-05 | 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 the Omega Family Office's Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Closing Bell: Overtime' to offer his outlook for the market, the Fed and inflation.

☆ Stock futures rise slightly as investors look ahead to Friday's jobs report
▼ + stars: | 2023-01-05 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures rose slightly on Thursday night as investors looked ahead to the December jobs report Friday. Dow Jones Industrial Average futures rose by 42 points, or 0.13%. S&P 500 and Nasdaq 100 futures climbed 0.19% and 0.21%, respectively. During the regular session Thursday, the Dow Jones Industrial Average fell 339.69 points, or 1.02%. Traders are anticipating the December jobs report before the bell Friday.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Nonstop partying, lavish spending, and sexual-harassment accusations: Inside the self-destruction of Pollen, the music startup once worth $800 million
▼ + stars: | 2022-12-20 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +41 min

About 400 Pollen employees were camped out in Mendocino County, California, for five straight days of partying. Two former Pollen employees told Insider that they recalled the assistant telling them about Callum's inappropriate comments at the time. (The Pollen representative said Callum and Bedi didn't date at Pollen or at any other company connected to Pollen. Out of 360 events Pollen announced over the past 12 months, 39 were canceled, the Pollen representative said. (The Pollen representative said that "out of hundreds of thousands of customers, fewer than 100 people were moderated" online.)

Bankman-Fried initially had said he would fight extradition after his arrest a week ago in the Bahamas, where he lives and FTX is based. Reuters reported first on Saturday that Bankman-Fried would return to court to reverse his decision, citing a source. Bankman-Fried's defense lawyer however told Magistrate Shaka Serville that he does not know why Bankman-Fried was brought to court this morning. LONG ROAD TO EVENTUAL TRIAL[1/7] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried arrives at the Magistrate Court building in Nassau, Bahamas December 19, 2022. REUTERS/Dante Carrer 1 2 3 4 5Upon being extradited to the United States, Bankman-Fried would be required to appear before a judge in Manhattan within two days, though the hearing would likely take place quickly.

Dec 19 (Reuters) - Sam Bankman-Fried, founder of now-bankrupt crypto exchange FTX, is expected to appear in court in the Bahamas on Monday and agree to be extradited to the United States, where he faces fraud charges. Bankman-Fried initially said he would fight extradition after his arrest a week ago in the Bahamas, where he lives and FTX is based. Reuters reported first on Saturday that Bankman-Fried would return to court to reverse his decision. Upon being extradited to the United States, Bankman-Fried would be required to appear before a judge in Manhattan within two days, though the hearing would likely take place quickly. Any trial of Bankman-Fried is likely more than a year away, legal experts told Reuters.

☆ Exclusive: Sam Bankman-Fried to reverse decision on contesting extradition
▼ + stars: | 2022-12-17 | by ( Jasper Ward | ) www.reuters.com time to read: +4 min

His decision to consent to extradition would pave the way for him to appear in U.S. court to face wire fraud, money laundering and campaign finance charges. At his initial court hearing in Manhattan, Bankman-Fried would be asked to enter a plea and a judge would make a determination on bail, Margulis-Ohnuma said. The attorney added that such a hearing must take place within 48 hours of Bankman-Fried's arrival in the United States, though it would likely be sooner. Bankman-Fried has acknowledged risk management failings at FTX but has said he does not believe he has criminal liability. 'BIGGEST FINANCIAL FRAUDS IN AMERICAN HISTORY'It was not immediately clear what prompted Bankman-Fried to change his mind and decide not to contest extradition.

☆ Germany heavily criticizes Elon Musk's Twitter for suspending journalists, saying the free press 'must not be switched on and off at will'
▼ + stars: | 2022-12-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

The German Foreign Office has warned Twitter about suspending journalists' accounts. Multiple journalists who reported on Elon Musk have been unable to post on the platform. On Thursday, Twitter suspended the accounts of multiple journalists that reported on the platform's new owner, Elon Musk. Wolfgang Buechner, the country's deputy government spokesperson, said in a separate tweet: "Arbitrary locking of journalists' accounts is unacceptable. On Friday, a top European Union official warned Elon Musk about possible Twitter sanctions, following what it described as the platform's "arbitrary suspension of journalists."

☆ Fiji's ruling party leads provisional count after national election
▼ + stars: | 2022-12-15 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

Dec 15 (Reuters) - The ruling Fiji First party led provisional national election results, boosted by a 31.42% vote for Prime Minister Frank Bainimarama, with half of polling stations counted in the Pacific island nation after Wednesday's vote. He is in a tight race against another former coup leader and one-time prime minister, Sitiveni Rabuka, whose People's Alliance Party has formed a coalition with Fiji's oldest political party, the National Federation Party. The provisional result showed Fiji First with 45.88% of votes at 7 a.m. Thursday, ahead of the People's Alliance Party with 32.66% of votes, while the National Federation Party had 9.29% of votes. On Thursday morning, Fiji's election commissioner, Mohammed Saneem, demonstrated to media a "double blind data entry" system being used to avoid errors in the final count. Australia's foreign minister Penny Wong told reporters Fiji's election appeared to have been conducted "peacefully and in an orderly manner".

Now, with the fraud charges filed earlier this week against Sam Bankman-Fried, the founder of the bankrupt FTX exchange, Williams has further solidified his office's growing role in prosecuting financial crimes involving cryptocurrency, according to interviews with a half-dozen former prosecutors. Bankman-Fried, 30, has acknowledged risk management failures at FTX but said he does not believe he has criminal liability. In the wake of Bankman-Fried's arrest, Williams has made clear he would plow on with cryptocurrency enforcement. On Wednesday, he announced wire fraud conspiracy charges against the founders of two separate cryptocurrency mining and trading companies he called Ponzi schemes. On Tuesday, Williams told reporters more charges in the FTX probe were possible.

☆ A Republican congressman from Colorado is the latest to violate a federal conflict-of-interest and transparency law
▼ + stars: | 2022-12-12 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

A Republican congressman from Colorado has violated the federal STOCK Act. Rep. Doug Lamborn and his wife traded stocks valued at up to $120,000 but was months late disclosing them. In August, Lamborn and his wife traded stock worth between $68,000 and $120,000 in NetApp, a data management company. "During the recent political campaign, Congressman Lamborn mistakenly lost track of filing deadlines," Sebastian said. Congressman Lamborn strives to file disclosures accurately and on time and has a history of doing so.

The visit by a team from Global Rights Compliance, an international legal practice headquartered in The Hague, has not previously been reported. More than 50,000 alleged incidents of international crimes have been reported by Ukraine's prosecutor general since Russia's full-scale invasion. Widespread or systematic sexual violence could amount to crimes against humanity, generally seen as more serious, legal specialists said. He added that more than half said they had been subjected to various forms of sexual violence. UNIQUE CHALLENGESElderfield said sexual violence was not always given the prominence it should have in national and international investigations.

☆ Shell injects $1.5 bln into UK retail power business to help it weather volatility
▼ + stars: | 2022-12-08 | by ( Ron Bousso | ) www.reuters.com time to read: +2 min

The volatility led to several bankruptcies in the sector, including Bulb, which the British government is set to rescue at a cost of up to 6.5 billion pounds ($8 billion). Shell Energy's operating loss rose to 102.4 million pounds in 2021 from 83.6 million pounds a year earlier, according to the company's financial results, released on Thursday. To help its subsidiary, Shell injected a total of 1.2 billion pounds to Shell Energy this year, Shell Energy said. Shell also extended to Shell Energy a working capital facility of 680 million pounds "to meet its short-term working capital needs" until the end of next year. Shell Energy was formed after Shell acquired First Utility in 2018 as part of its long-term strategy to turn Britain into a hub for supplying renewable energy.

☆ Japan's Q3 GDP revised up to 0.8% annualised contraction
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: 1 min

TOKYO, Dec 8 (Reuters) - Japan's economy shrank at an annualised 0.8% in the July-September quarter, slower than the initial estimate of a 1.2% contraction, revised government data showed on Thursday. The revised figure for gross domestic product (GDP) released by the Cabinet Office compared with economists' median forecast for a 1.1% decline in a Reuters poll. On a quarter-on-quarter basis, GDP contracted 0.2%, compared with the initial reading for a contraction of 0.3% and a median forecast for the same extent of falls. For the full tables on the Cabinet Office's website: https://www.esri.cao.go.jp/en/sna/sokuhou/sokuhou_top.htmlReporting by Tetsushi Kajimoto Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

☆ Dutch conclude lobbying didn't influence Uber International's taxes
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

"The conclusion of the investigative report is that no advantaging of Uber took place," the document sent to parliament on Tuesday said. "Whatever Uber thought or hoped it would achieve in terms of special fiscal treatment did not succeed." The Dutch subsidiary Uber International BV has around 1,000 employees in Amsterdam. Dutch tax authorities do not reveal information about how they treat individual companies and parts of the findings were redacted. In one redacted passage, the review said that pressure from Uber and the Dutch government's agency tasked with attracting foreign investment "was resisted in an effective way" by the Dutch tax office.

☆ Manhattan DA's office hires attorney with extensive experience investigating Trump, suing his administration
▼ + stars: | 2022-12-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

The Manhattan DA's office has hired Matthew Colangelo as it heats up investigations into Trump. Colangelo oversaw lawsuits against the Trump administration while he worked at the NY AG's office. He also spearheaded the lawsuit that led to the dissolution of the Trump Foundation. Manhattan District Attorney Alvin Bragg overlapped with Colangelo at the New York attorney general's office during the Trump years. At the time, Bragg had taken over the office from Cyrus Vance Jr., the district attorney who initiated the investigation.

☆ FTX hired private planes to fly Amazon packages from Miami to staff at its Bahamas HQ because it didn't deliver to the country, report says
▼ + stars: | 2022-11-30 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The US office's 75 employees could spend $200 a day on DoorDash food delivery – a total of $15,000. And when they realized Amazon didn't cover The Bahamas, deliveries were flown privately from Miami. With around 75 staff based at FTX's American firm per Axios, that would mean a $15,000 allowance in DoorDash food delivery credits every day. After FTX moved its head office from Hong Kong to The Bahamas in September 2021, employees realized that Amazon didn't deliver to the island. In bankruptcy court, it was also revealed that staff submitted expenses through online chat platforms, which were approved with emojis.

☆ Consumer spending remains strong but will be tested in early 2023, says BMO Family Office's Schleif
▼ + stars: | 2022-11-28 | 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 EmailConsumer spending remains strong but will be tested in early 2023, says BMO Family Office's SchleifCarol Schleif, CIO at BMO Family Office, and Ross Mayfield, investment strategy analyst at Baird, join CNBC's 'Squawk Box' to discuss the health of the U.S. consumer this holiday season and what it means for markets.

☆ German regulator stays vigilant as Meta changes VR headset rules
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 23 (Reuters) - Facebook's parent company Meta Platforms (META.O) has responded to the German cartel office's concerns by allowing the use of its virtual reality headset without a Facebook account, the office said on Wednesday. The cartel office has been closely watching Meta since May when it declared it was of "paramount significance for competition across markets", a classification that gives the regulator more scope to curb digital companies' market power. In a statement on Wednesday, Germany's cartel office said Meta will allow the device to be used with a separate Meta account, clearing the path for it to begin selling the Quest 2 headset in Germany. Cartel office chief Andreas Mundt pointed to Meta's strong position in social media as well as the growing VR market. Despite the headset being made available to others via the Meta account, the German regulator said it would continue to monitor the design of user choices and issues relating to the aggregation and processing of user data from Meta services.

☆ KKR is canceling its plans for a big new Manhattan office. It joins Meta, Netflix, and other big firms pulling back on office space.
▼ + stars: | 2022-11-22 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

Two senior leasing executives in Los Angeles told Insider that Meta just canceled its plans to expand by 300,000 square feet in the city. KKR's decision comes as New York City's office market flagsTenants who are on the fence about taking space have little incentive to rush to commit to deals as the city's office market continues to soften. Leasing activity in Manhattan totaled 20.27 million square feet through October, according to CBRE, 38% more than the same period last year. Leasing is on track to finish the year well below prepandemic activity in 2018 and 2019, when 32.4 million and 31.6 million square feet were leased respectively in total. Cushman & Wakefield data showed there was over 21 million square feet of sublease space available in Manhattan in September.

☆ 100 years of stock-market history show the sell-off is likely only half done, says a 30-year market vet who called the downturn. Here are 3 criteria to watch to know when the worst is over.
▼ + stars: | 2022-11-19 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Jon Wolfenbarger thinks stock-market investors are still too optimistic that a bear market bottom is coming sometime in the immediate-to-near future. When bear markets occur when valuations are relatively high, the bear markets tend to drag on longer. The median bear market length during periods of high valuation among those listed above is 17 months, Wolfenbarger said, compared to 13 months when valuations are attractive. Given that the current market sell-off began amid some of the highest valuations in history, Wolfenbarger said he expects the bear market to last 17 months or longer. Wolfenbarger's views in contextIn June, Societe Generale conducted a similar analysis to Wolfenbarger's and looked at bear markets over the last 150 years.

☆ I unashamedly love working from bed. I wrote an entire book from under the covers, and it's where I'm most productive.
▼ + stars: | 2022-11-17 | by ( Lottie Gross | ) www.businessinsider.com time to read: +5 min

Gross finds that early hours working from bed are her most productive of the day. It's widely believed that setting clear boundaries between work and home is key to staying productive outside the office's walls — but that's not always the case. I love working from my bed, and I will not feel ashamedI've been "working from bed" for 12 years now. I usually work in bed until around 10 a.m., when I get up to walk the dog and have a late breakfast or early lunch. Friends and colleagues say they won't work from bed because it blurs the boundaries between work and personal life.

☆ Donald Trump launched a third bid for president at a time when his legal troubles have never been worse
▼ + stars: | 2022-11-16 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +10 min

Trump announced his 3rd presidential bid in the same place that federal agents view as a suspected crime scene. With midterms over, the Justice Department could soon signal its next steps. The Justice Department has pursued its investigations undeterred by Trump's signaling plans for a third presidential bid, and his formal campaign launch will not protect him. The Justice Department could soon signal its next steps. Ahead of the midterms, Republicans warned that they would wield committees to mount oversight investigations and grill the Justice Department and FBI about investigations involving Trump.

☆ Russian missiles cross into Poland during strike on Ukraine, U.S. official tells AP
▼ + stars: | 2022-11-15 | by ( ) www.cnbc.com time to read: +7 min

A second person confirmed that apparent Russian missiles struck a site in Poland about 15 miles from the Ukrainian border. It was Russia's biggest barrage yet, and some of the missiles crossed into Poland, where two people were killed, according to a U.S. official. A Russian missile barrage on the Ukrainian power grid sent the war spilling over into neighboring countries Tuesday, hitting NATO member Poland and cutting electricity to much of Moldova. It reported massive power outages after the strikes knocked out a key power line that supplies the small nation, an official said. At least a dozen regions reported power outages, affecting cities that together have millions of people.

☆ D.C. AG suing Commanders owner Snyder for false statements in workplace investigation
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - D.C. Attorney General Karl Racine on Thursday announced his office was suing Washington Commanders owner Dan Snyder, the team, the NFL and Commissioner Roger Goodell for colluding to deceive residents about an investigation into a toxic workplace culture. "We allege Dan Snyder, the Commanders, Roger Goodell, and the NFL misled the public about what was being done to address the allegations of harassment and the toxic culture the Commanders maintained," Racine said. REUTERS/Jonathan Ernst 1 2 3"They did all of this to hide the truth, protect their images and let the profits roll." The Commanders and the NFL did not immediately respond to a request for comment. read moreReporting by Rory Carroll in Los Angeles, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

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