By Allison Morrow, CNN When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed the deal with more than half a billion dollars borrowed from his own hedge fund — the entity that prosecutors say was illegally funneling customer funds from its affiliated platform, FTX. In
Continue Reading By Kara Scannell, CNN Former FTX CEO Sam Bankman-Fried is expected to appear in a Bahamas court on Monday to reverse his decision to contest extradition to the US, a person familiar with the matter told CNN. Bankman-Fried is expected to agree to extradition to the US, the person said. Reuters first reported thank Bankman-Fried
Continue Reading By Clare Duffy, CNN When Elon Musk polled Twitter users about whether to reinstate former President Donald Trump’s account, he quickly followed through on the majority’s wish to do so. “Vox Populi, Vox Dei,” he pronounced via tweet, Latin for “the voice of the people is the voice of God.” Likewise, when Twitter users voted
Continue Reading By Brian Fung, CNN Twitter said Sunday it would ban links to other social media services and suspend accounts that try to direct users to alternative platforms, in an apparent attempt to stem user defections to competitors. But Twitter CEO Elon Musk later relented, loosening the policy and causing widespread confusion about what kind of
Continue Reading By Ramishah Maruf, CNN The highly anticipated “Avatar: The Way of Water” took in $134 million at the US box office, giving director James Cameron his first $100 million opening weekend — despite falling short of analyst predictions. Although notching the second highest world-wide opening this year didn’t quite match expectations, the film’s ultimate success
Continue Reading By Ramishah Maruf, CNN Video game pioneer John Carmack is resigning from his consulting position at Meta with “mixed feelings” about the “end of his decade in VR,” he announced in a Facebook post Friday. Carmack stuck around through the company’s more than $10 billion investment into virtual reality technology. And although he still believes
Continue Reading By Samantha Murphy Kelly, CNN Business When Huawei recently teased a new smartwatch in a promotional video, it featured an unusual design: the watch face flipped open to reveal a secret compartment where a pair of magnetic earbuds sat inside charging. While the product might only appeal to some users, the inclusion of the earbuds
Continue Reading By Paul R. La Monica, CNN Mortgage rates have ticked down recently, but are still up dramatically from a year ago thanks to the surge in long-term bond yields as the Federal Reserve hiked interest rates. While that’s already had a negative impact on the housing market, we’ll get more details this week about how
Continue Reading By Oliver Darcy New Twitter owner Elon Musk offered several of the journalists he banned from the social media website earlier this week the ability to return to the platform if they deleted the tweets he falsely claimed shared his “exact real-time” location. The move from Musk came after he posted an unscientific poll on
Continue Reading By Oliver Darcy New Twitter owner Elon Musk offered several of the journalists he banned from the social media website earlier this week the ability to return to the platform if they deleted the tweets he falsely claimed shared his “exact real-time” location. The move from Musk came after he posted an unscientific poll on
Continue Reading By Parija Kavilanz, CNN Stores are drowning in a glut of merchandise this holiday season, keeping the discounts fast and furious in the runup to Christmas. And the deals are only getting juicier. So if you have the patience and the willpower to wait to grab a few bargains for yourself, you’ll be richly rewarded.
Continue Reading By Zoe Sottile, CNN Just in time for the holidays, artist collective MSCHF is releasing its newest playful art piece: a giant, 930-calorie, $19.99 fruit loop. MSCHF, a Brooklyn-based group of artists, is no stranger to headlines documenting their provocative, irreverent releases. Most recently, they operated an ATM at Art Basel Miami Beach that displayed
Continue Reading By Nathaniel Meyersohn, CNN A new checkout trend is sweeping across America, making for an increasingly awkward experience: digital tip jars. You order a coffee, an ice cream, a salad or a slice of pizza and pay with your credit card or phone. Then, an employee standing behind the counter spins around a touch screen
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JEFFERSON CITY, Mo. (KMIZ) A resident recently won $300,000 on a ticket bought at Convenient Road Mart, 3714 W. Truman Blvd. in Jefferson City, a press release stated. The woman – who was not named in the press release — bought a “Holiday Gold” ticket. The top prize was $300,000. She won $20 on another
Continue Reading By Catherine Thorbecke, CNN Amazon warehouse workers at a facility in the United Kingdom plan to go on strike, their union confirmed to CNN on Friday, in a move that’s being billed as a first for the company’s workers in the country. The GMB union, which represents workers in a range of industries in the
Continue Reading By Brian Fung, CNN Elon Musk’s Twitter sparked an international outcry on Thursday by suspending a number of journalists at major news organizations who cover him. But a different and possibly related move that Twitter took around the same time, against a fast-growing rival, could open the company up to regulatory scrutiny, some legal experts
Continue Reading By Anna Bahney, CNN The Federal Reserve hiked its benchmark lending rate this week for the seventh time this year, capping a year of intense pressure on the housing market that pushed mortgage rates above 7% for the first time since 2002. But now that the Fed has signaled a softer approach to cooling the
Continue Reading By Danielle Wiener-Bronner, CNN High lettuce costs are coming for Olive Garden’s never-ending salad. Darden Restaurants, which owns the casual dining chain in addition to Longhorn Steakhouse, Cheddar’s Scratch Kitchen and other restaurant chains, said that a spike in wholesale lettuce prices led to a big hit in the quarter ending November 27. “It was,
Continue Reading By Jon Sarlin, CNN Donald Trump’s entrance into the NFT world came at the worst possible moment. The former president’s hyped-up “major announcement” turned out to be a set of digital trading cards for $99 a pop, sparking widespread mockery from late-night hosts to even some Trump loyalists like Michael Flynn and Steve Bannon. But
Continue Reading By Jon Sarlin, CNN Donald Trump’s entrance into the NFT world came at the worst possible moment. The former president’s hyped-up “major announcement” turned out to be a set of digital trading cards for $99 a pop, sparking widespread mockery from late-night hosts to even some Trump loyalists like Michael Flynn and Steve Bannon. But
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