By Matt Egan, CNN Senator Elizabeth Warren is raising concerns about conflicts of interest and potential legal violations for Tesla following Elon Musk’s takeover of Twitter. In a letter to Tesla Chair Robyn Denholm, the Massachusetts Democrat argued Tesla shareholders may be hurt by its CEO’s ownership of Tesla and questioned whether the electric car
Continue Reading By Matt Egan, CNN Senator Elizabeth Warren is raising concerns about conflicts of interest and potential legal violations for Tesla following Elon Musk’s takeover of Twitter. In a letter to Tesla Chair Robyn Denholm, the Massachusetts Democrat argued Tesla shareholders may be hurt by its CEO’s ownership of Tesla and questioned whether the electric car
Continue Reading By Kara Scannell, Patrick Oppmann and Allison Morrow, CNN FTX founder Sam Bankman-Fried agreed to be extradited to the United States, where federal prosecutors have indicted him on eight counts of fraud and conspiracy. Jerone Roberts, the attorney representing Bankman-Fried in the Bahamas, confirmed Monday afternoon that his client “has agreed to be voluntarily extradited
Continue Reading By Jeanne Sahadi, CNN Let’s be honest: Saving and investing may be necessary, but they often can feel like a chore. Both become a lot more rewarding, however, when you think of them as more than just spreading your money across different investment categories, such as stocks and bonds, to fund a seemingly far-off, no-guarantees
Continue Reading By Matt Egan, CNN Business The great gasoline spike of 2022 has completely unwound, giving consumers a major boost after a year of high inflation. The national average for regular gasoline dropped to $3.14 a gallon on Monday, according to AAA. Gas prices haven’t been this low since July 2021. After moving steadily higher last
Continue Reading By Brian Fung, CNN Epic Games, maker of the hit video game “Fortnite,” has agreed to pay a total of $520 million to settle US government allegations that it misled millions of players, including children and teens, into making unintended purchases and that it violated a landmark federal children’s privacy law. As part of the
Continue Reading By Hanna Ziady, CNN European Union governments have reached a deal on the world’s first major carbon border tax, as part of an overhaul of the bloc’s flagship carbon market that aims to make its economy carbon-neutral by 2050. EU ministers finalized details of the Carbon Border Adjustment Mechanism early Sunday after reaching a provisional
Continue Reading By Brian Fung, CNN A Twitter poll created by Elon Musk asking whether he should “step down as head of Twitter” ended early Monday morning with most respondents voting in the affirmative. Musk had said he would abide by the results of the unscientific poll, which began Sunday evening and concluded with 57.5% voting yes,
Continue Reading By Brian Fung, CNN The European Union is investigating Facebook-parent Meta for possible antitrust violations stemming from the tight link between its core social media service and its online shopping platform, Facebook Marketplace. Because of Meta’s powerful position in social media, competition regulators in Europe worry that the company’s simultaneous offering of both services in
Continue Reading By Jordan Valinsky, CNN Business Fans of Lionel Messi looking to scoop up his official Argentina jersey following the soccer star’s first-ever FIFA World Cup win may be out of luck. Adidas has sold out of Messi and Argentina team kits worldwide, telling CNN in a statement that it’s been “working to meet the extraordinary
Continue Reading By Nicole Goodkind, CNN As the year comes to a close, it seems that the market’s focus on inflation rates are shifting to a new area of concern: Unemployment. While the Federal Reserve has taken steps to fight inflation by curbing economic growth, the full extent of the damage to the employment market is yet
Continue Reading By Laura He, CNN Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private industry, including the struggling tech and property sectors. The new pledge marks a big shift from leader Xi Jinping’s years-long effort to rein in private businesses, which were perceived
Continue Reading By Katie Polglase and Gianluca Mezzofiore, CNN In between being blindfolded, locked in solitary confinement, and interrogated in a wheelchair while she was on a hunger strike following her late September arrest, Negin says she had a realization: Iranian officials were using her private Telegram chats, phone logs and text messages to incriminate her. “They
Continue Reading By Katie Polglase and Gianluca Mezzofiore, CNN In between being blindfolded, locked in solitary confinement, and interrogated in a wheelchair while she was on a hunger strike following her late September arrest, Negin says she had a realization: Iranian officials were using her private Telegram chats, phone logs and text messages to incriminate her. “They
Continue Reading By Brian Fung, CNN Twitter deleted its controversial new policy on Sunday evening that had banned links to certain other social media platforms, less than 24 hours after the policy’s initial introduction. The development comes shortly after company owner Elon Musk launched a Twitter poll asking users whether he should step down as head of
Continue Reading By David Goldman, CNN Twitter’s mercurial new boss may be out the door after less than two months on the job, if results of a Twitter poll go against him. Elon Musk tweeted a poll Sunday evening asking people to vote on whether he should step down as Twitter’s CEO. Musk said he would abide
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 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 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