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May 8, 2024
05/24
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when ftx colla sed what can you tell us? when ftx collapsed in _ what can you tell us? when ftx collapsed in november- what can you tell us? when ftx collapsed in november 2022 - collapsed in november 2022 around 2 million customers were left with no access to their funding and also they continue to lose interest on the money they had on the exchange because it stopped trading. now, ftx has filed for bankruptcy and its founder has been convicted of fraud but during those bankruptcy proceedings it has been found that the crypto exchange actually has more access than previously thought. it is in the process of selling off a lot of his access but part of the reason a lot of its axis are in crypto currency and it is valued very highly at the moment and in recent months it has really gone up. —— assets. experts are saying that it is rare in bankruptcy cases for customers to get all of their money back. in this case they might get more than 100% of their money back but that will still be a long way off because of these bankruptcy proceedings will take some time.— will t
when ftx colla sed what can you tell us? when ftx collapsed in _ what can you tell us? when ftx collapsed in november- what can you tell us? when ftx collapsed in november 2022 - collapsed in november 2022 around 2 million customers were left with no access to their funding and also they continue to lose interest on the money they had on the exchange because it stopped trading. now, ftx has filed for bankruptcy and its founder has been convicted of fraud but during those bankruptcy proceedings...
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May 15, 2024
05/24
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BLOOMBERG
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potentially you are re-creating conditions for another ftx. you are pushing the activity from onshore regulated companies to offshore illegal companies that can steal customer funds. >> it's a fascinating company. we hope to have you back. you also overlap with crypto. that is why we have you on the show. i think prediction markets are fascinating on their own. thank you for joining us. kalshi ceo. that does it for bloomberg crypto. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's
potentially you are re-creating conditions for another ftx. you are pushing the activity from onshore regulated companies to offshore illegal companies that can steal customer funds. >> it's a fascinating company. we hope to have you back. you also overlap with crypto. that is why we have you on the show. i think prediction markets are fascinating on their own. thank you for joining us. kalshi ceo. that does it for bloomberg crypto. her uncle's unhappy. i'm sensing an underlying issue....
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May 8, 2024
05/24
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when ftx colla sed what can you tell us? when ftx collapsed in _ what can you tell us? when ftx collapsed in november- what can you tell us? when ftx collapsed in november 2022 - collapsed in november 2022 around 2 million customers were left with no access to their funding and also they continue to lose interest on the money they had on the exchange because it stopped trading. now, ftx has filed for bankruptcy and its founder has been convicted of fraud but during those bankruptcy proceedings it has been found that the crypto exchange actually has more access than previously thought. it is in the process of selling off a lot of his
when ftx colla sed what can you tell us? when ftx collapsed in _ what can you tell us? when ftx collapsed in november- what can you tell us? when ftx collapsed in november 2022 - collapsed in november 2022 around 2 million customers were left with no access to their funding and also they continue to lose interest on the money they had on the exchange because it stopped trading. now, ftx has filed for bankruptcy and its founder has been convicted of fraud but during those bankruptcy proceedings...
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May 29, 2024
05/24
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ftx executives has been sent to , been sent to prison. prison. he led been sent to prison. prison. he pled guilty _ been sent to prison. prison. he pled guilty in — been sent to prison. prison. he pled guilty in 2023 _ been sent to prison. prison. he pled guilty in 2023 to _ been sent to prison. prison. he pled guilty in 2023 to money i pled guilty in 2023 to money laundering charges. he will serve a 7.5 year sentence followed by three years of supervised release. before ftx collapsed, he was a key figure at the exchange and overseeing its subsidiary in the bahamas for the company was based. he�*s the first of sam bankman—fried�*s team to be sentenced since he filed for bankruptcy in 2022. and that�*s it for this edition of business today. thanks for watching. hello, i�*m marc edwards, welcome to sportsday. here�*s what we�*ve got coming up on the show. djok and roll — the world number one opens his french open title defense with a solid win over home hope pierre—hugues herbert. a date with destiny as dortmund dare to
ftx executives has been sent to , been sent to prison. prison. he led been sent to prison. prison. he pled guilty _ been sent to prison. prison. he pled guilty in — been sent to prison. prison. he pled guilty in 2023 _ been sent to prison. prison. he pled guilty in 2023 to _ been sent to prison. prison. he pled guilty in 2023 to money i pled guilty in 2023 to money laundering charges. he will serve a 7.5 year sentence followed by three years of supervised release. before ftx collapsed, he was...
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May 1, 2024
05/24
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BBCNEWS
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but unlike ftx, binance is still the biggest cryptocurrency exchange in the world and cz has his own eyes on the future. recently announcing plans to launch a new non—profit education platform, giggle academy. colombia university, as you see from preachersjust colombia university, as you see from preachers just outside police have barricaded the area and restricted some price from getting close to the events —— press. we know that hamilton hall, part of colombia university that's been occupied by students who are protesting israel's defensive in gaza have been camping there overnight and police have been informed or have been taking action to get them out of hamilton hall and another police buster, nypd is in the arrive of the street and up to assist with activities stop lots of press and media coverage of the event and media coverage of the event and we will bring you more of it in the hours ahead right here on bbc news. let's get you “p here on bbc news. let's get you up to speed on more business news. it is the first of may today and many markets in asia are closed today f
but unlike ftx, binance is still the biggest cryptocurrency exchange in the world and cz has his own eyes on the future. recently announcing plans to launch a new non—profit education platform, giggle academy. colombia university, as you see from preachersjust colombia university, as you see from preachers just outside police have barricaded the area and restricted some price from getting close to the events —— press. we know that hamilton hall, part of colombia university that's been...
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May 1, 2024
05/24
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unlike ftx, binance is still the biggest cryptocurrency exchange in the world and changpeng zhao has his eye on the future. we recently announced plans to have an online profit education platform. in other news, mcdonald's reported a weaker than expected quarterly profit as consumers cut back on their spending. globalsales as consumers cut back on their spending. global sales were down 1.9% year over year, that is lower than it increase seen in the first quarter 2023. many first —— of us food restaurants have increased their prices due to increased costs. starbucks has reported a surprise drop in labour challenges will my on some parts of asia. the international monetary fund is forecasting slower growth. as anthony is ahead. due to an ageing population now. we hear more from the director of the asia—pacific region. iii director of the asia-pacific re . ion. , ., director of the asia-pacific re.ion_ l, director of the asia-pacific reuion. ,, ., ., region. if you look at china, the population _ region. if you look at china, the population is _ region. if you look at china, the p
unlike ftx, binance is still the biggest cryptocurrency exchange in the world and changpeng zhao has his eye on the future. we recently announced plans to have an online profit education platform. in other news, mcdonald's reported a weaker than expected quarterly profit as consumers cut back on their spending. globalsales as consumers cut back on their spending. global sales were down 1.9% year over year, that is lower than it increase seen in the first quarter 2023. many first —— of us...
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May 9, 2024
05/24
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MSNBCW
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plus ftx customers are set to get their money back. we'll dig into the recovery plan the failed crypto currency exchange is now proposing. we'll be right back with all of that. s now propinosg. we'll be right back with all of that it's a beautiful... ...day to fly. wooooo! i thought i was sleeping ok... but i was waking up so tired. then i tried new zzzquil sleep nasal strips. their four—point lift design opens my nose for maximum air flow. so, i breathe better. and we both sleep better. and stay married. (man) mm, hey, honey. and we both sleep better. looks like my to-do list grew. "paint the bathroom, give baxter a bath, get life insurance," hm. i have a few minutes. i can do that now. oh, that fast? remember that colonial penn ad? i called and i got information. they sent the simple form i need to apply. all i do is fill it out and send it back. well, that sounds too easy! (man) give a little information, check a few boxes, sign my name, done. they don't ask about your health? (man) no health questions. -physical exam? -don't need
plus ftx customers are set to get their money back. we'll dig into the recovery plan the failed crypto currency exchange is now proposing. we'll be right back with all of that. s now propinosg. we'll be right back with all of that it's a beautiful... ...day to fly. wooooo! i thought i was sleeping ok... but i was waking up so tired. then i tried new zzzquil sleep nasal strips. their four—point lift design opens my nose for maximum air flow. so, i breathe better. and we both sleep better. and...
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May 15, 2024
05/24
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CSPAN3
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>> it would address the risk that ftx presented. and the proposed rule lack of clarity regarding whether these technologies are covered only makes it harder for developers and users to deploy that technology given the regulatory uncertainty. >> thank you. my time is expired. >> we turn to the gentleman from texas for five minutes. >>> thank you, mr. chairman. i think the ranking member and witnesses as well. mr. odinet, they recently submitted a statement for the senate banking committee outlining how the scale of payment fraud a sizable and increasing, including payment apps. the statement indicated that reported 100 million and authorize -- unauthorized transactions on cash app and 57 million on venmo in 2022 alone. how with the cfpb proposed rule will it help to alleviate the amount of payment fraud in the market? >> so with respect to fraud, specifically, when the cfpb has supervision over a firm, it conducts regular examinations to make sure there is compliance with stringent guidelines. and in this case related to electronic f
>> it would address the risk that ftx presented. and the proposed rule lack of clarity regarding whether these technologies are covered only makes it harder for developers and users to deploy that technology given the regulatory uncertainty. >> thank you. my time is expired. >> we turn to the gentleman from texas for five minutes. >>> thank you, mr. chairman. i think the ranking member and witnesses as well. mr. odinet, they recently submitted a statement for the...
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May 16, 2024
05/24
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CSPAN3
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so, we know there's an abundance-- never mind ftx, mixon, terra, pay connect, bitcoin, all gone to zero. there's a huge amount of risk and volatility in that and some would say there's no risk-based reason for cfpb to venture into this. let me just ask you the last question. if i set up a banking system that has all of the bells and whistles, all of the banking regulations for one group and then i create another one that has no regulations, completely unregulated, what-- where is the money going to migrate in your estimation? where will the money migrate and the financial activity migrate to? the heavily regulated one that protects consumers or the fintec area with no regulation? >> i think quite simply, it will migrate over to the nonbank area because there are lower regulatory burdens in that space. but, the trade-off there is that there can be more consumer harm in that space because there is less watching of the players in that market. >> thank you. i yield back. >> the gentleman yields back. >> mr. lucas of oklahoma is recognized for five minutes. >> thank you, mr. chairman. the u.
so, we know there's an abundance-- never mind ftx, mixon, terra, pay connect, bitcoin, all gone to zero. there's a huge amount of risk and volatility in that and some would say there's no risk-based reason for cfpb to venture into this. let me just ask you the last question. if i set up a banking system that has all of the bells and whistles, all of the banking regulations for one group and then i create another one that has no regulations, completely unregulated, what-- where is the money...
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May 8, 2024
05/24
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KNTV
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that would come from assets the lawyers have pooled since ftx imploded in 2022. it will still take months for the payouts to start, and movie theaters are still seeing foot traffic well below pre-pandemic levels. data from analytics firm placer.ai shows. visits to amc were down 65% in april versus 2019, and 50% year over year. the declines are similar at cinemark and regal cinemas, and some of the drop can be attributed to theater chains closing some locations and people still watching movies at home. the absence of new blockbusters is also taking its toll. however, moviegoers are more likely to spend on concessions and premium formats like imax, which are more profitable for theaters. kris kris popcorn is. you know, i haven't been to the movie. i haven't been to a movie theater in years. i think i've been once in the last couple of years. yeah, we didn't go before the pandemic. really? yeah. we rented out a movie theater during the pandemic. it was like 99 bucks. yeah, it was the one thing we did over months and months and months. it was fantastic. but wow. stil
that would come from assets the lawyers have pooled since ftx imploded in 2022. it will still take months for the payouts to start, and movie theaters are still seeing foot traffic well below pre-pandemic levels. data from analytics firm placer.ai shows. visits to amc were down 65% in april versus 2019, and 50% year over year. the declines are similar at cinemark and regal cinemas, and some of the drop can be attributed to theater chains closing some locations and people still watching movies...
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May 9, 2024
05/24
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KRON
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plus interest the refunds will be based upon their value just before ftx went bankrupt. a recent surge in the crypto market has driven values to triple what they were in 2022. victims will not benefit from that surge. the first checks start going out in few months. >> google will be leaving one market plaza in san francisco when its lease expires. a company spokesperson confirmed to kron 4 the company will move out of one markets spirit hour later this year. but we'll continue to occupy one markets landmark building employees who are based one market spirit hour will be moved to other nearby google buildings in san francisco. >> taking a live look outside now at downtown san francisco. another absolutely beautiful day out there today. it really calm in the day in terms of >> temperatures really pleasant, windy, but we are dealing with anything compared to the rest of the country, you know, have been really lord's going through it. i mean, deaths, destruction. it's been horrible. yeah, these last 3 weeks just been unbelievable. across the country's midsection. >> tonight,
plus interest the refunds will be based upon their value just before ftx went bankrupt. a recent surge in the crypto market has driven values to triple what they were in 2022. victims will not benefit from that surge. the first checks start going out in few months. >> google will be leaving one market plaza in san francisco when its lease expires. a company spokesperson confirmed to kron 4 the company will move out of one markets spirit hour later this year. but we'll continue to occupy...
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May 29, 2024
05/24
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KNTV
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it is sentencing day for the top executive for ftx. that's sam bankman-fried now collapsed cryptocurrency exchange. a federal judge today sentenced ryan salem to seven and a half years in prison. last september. salem pleaded guilty to making illegal contributions to political candidates and operating an unlicensed money transmitting business. he ultimately turned on bankman-fried when the exchange was failing. he reported him for committing fraud by mishandling the assets of clients. that led to bankman-fried's 25 year sentence for defrauding users. salem claims he cooperated and even provided documents that aided prosecutors in their investigation. in exchange, he asked for leniency in his conviction, but he got a heavier penalty than expected. three other ftx executives still await their sentences. it was an 11th hour day in the so-called trump hush money trial, as both sides delivered their closing arguments today, the prosecution just wrapping up. minutes ago, the lead prosecutor spent more than four hours making his case, trying
it is sentencing day for the top executive for ftx. that's sam bankman-fried now collapsed cryptocurrency exchange. a federal judge today sentenced ryan salem to seven and a half years in prison. last september. salem pleaded guilty to making illegal contributions to political candidates and operating an unlicensed money transmitting business. he ultimately turned on bankman-fried when the exchange was failing. he reported him for committing fraud by mishandling the assets of clients. that led...
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May 8, 2024
05/24
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KTVU
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executives through ftx investments. elon musk's social media platform x is being investigated for possibly violating europe's digital service act. the european union is accusing the platform of not doing enough to stop the spread of illegal and false information. now, the san francisco based social media platform is the first tech company to be investigated under new eu laws designed to protect people from toxic content. the x says it is committed to cooperating during the process. i'm pam cook. that's a look at your dollars and cents. >> okay pam time 747. the richmond city council wants california to cut ties with pg and e. >> council member yes. vice mayor jimenez. yes. council member mclaughlin. yes. council member. robinson. yes. council member. willis yes. and mayor. martinez. yes motion passes with council members of the richmond city council passed a resolution calling on the state to replace pg, and e is california's main power supplier and criticizes pg and e for the company's contributions to wildfires, utili
executives through ftx investments. elon musk's social media platform x is being investigated for possibly violating europe's digital service act. the european union is accusing the platform of not doing enough to stop the spread of illegal and false information. now, the san francisco based social media platform is the first tech company to be investigated under new eu laws designed to protect people from toxic content. the x says it is committed to cooperating during the process. i'm pam...
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May 8, 2024
05/24
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MSNBCW
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. >>> plus, nearly two years after the ftx collapse, there's a plan to pay back the victims billions, plus interest. the details on that ahead. the d. n that helps treat and prevent, all in one. to those with migraine, i see you. for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. don't take if allergic to nurtec odt. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion, and stomach pain. it's time we all shine. talk to a healthcare provider about nurtec odt from pfizer. here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. (avo) kate made progress with her mental health... ...but her medication caused unintentional movements in her face, hands, and feet called tardive dyskinesia, or td. so her doctor prescribed austedo xr— a once-daily td treatment for adults. ♪ as you go with austedo ♪ austedo xr significantly
. >>> plus, nearly two years after the ftx collapse, there's a plan to pay back the victims billions, plus interest. the details on that ahead. the d. n that helps treat and prevent, all in one. to those with migraine, i see you. for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. don't take if allergic to nurtec odt. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion,...
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May 29, 2024
05/24
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FBC
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. >>> a former top eggtive at ftx got sentenced to prison. what was he convicted of, and how much time did he get, lauren? lauren: this is ryan a salem. he led if ftx bahamian subsidiary and pled guilty to to operating an illegal money-transmitting business. the same judge that sentenced sam bankman-fried himself gave salem, here's your answer, 990 months or almost -- 90 months plus 3 years of supervised release and $11 million to pay back. my opinion, that was steep. the u.s. attorney said salem's involvement in two serious federal crimes undermine public trust in american elections and the financial system. stuart: well, kevin, you know something about this situation. do you think in this case the punishment, strong punishment, fitted the crimesome. >> well, full disclosure, i was an investor in ftx and a paid spokesperson for them during that period. i find this a little heavy. lobbying, political lobbying if and donating to democrats and republicans, has been done by corporations for while. obviously, in this case the judge deemed and jur
. >>> a former top eggtive at ftx got sentenced to prison. what was he convicted of, and how much time did he get, lauren? lauren: this is ryan a salem. he led if ftx bahamian subsidiary and pled guilty to to operating an illegal money-transmitting business. the same judge that sentenced sam bankman-fried himself gave salem, here's your answer, 990 months or almost -- 90 months plus 3 years of supervised release and $11 million to pay back. my opinion, that was steep. the u.s. attorney...
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May 8, 2024
05/24
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KNTV
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since ftx imploded in 2022, it still will take months for the payouts to start a movie. theaters are still seeing less foot traffic. a post pandemic. data from analytics firm placer.ai shows visits to amc were down 65% in april versus 2019 and 50% year over year. this decline is similar at cinemark and regal cinemas. some of the drop can be attributed to theater chains closing some locations and people still watching movies at home. okay, so they say california leads the way. and this is not one of those good ones. new at six. the bay area takes two of the top three spots on a new list of the worst cities to drive in. who says this? forbes forbes evaluated driving conditions across 47 densely populated cities. it looked at four categories driving experience, safety, cost of car ownership, and access to maintenance services. oakland ranked number one because of the number of fatal car accidents, steep gas prices, and lengthy average commute times. next up miami, florida and rounding out the top three san francisco. wow. i feel lucky that i'm driving in the south bay mostl
since ftx imploded in 2022, it still will take months for the payouts to start a movie. theaters are still seeing less foot traffic. a post pandemic. data from analytics firm placer.ai shows visits to amc were down 65% in april versus 2019 and 50% year over year. this decline is similar at cinemark and regal cinemas. some of the drop can be attributed to theater chains closing some locations and people still watching movies at home. okay, so they say california leads the way. and this is not...
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May 8, 2024
05/24
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CNNW
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it is extremely rare for that to happen we'll company in bankruptcy ftx as it's been able to recover assets, were roughly $15 and we'll use them to pay stakeholders back in march, former ftx ceo sam bankman-fried with sentence two once you've five years in prison on fraud and conspiracy charges, and nasa's boeing starliner will take off next week for the international space station. two astronauts were already he strapped into the capsule. they were ready to go on monday when a valve started buzzing and that launch was scrubbed the last minute for safety. now says the valve is being replaced and it will announce a new launch time soon and speaking of flying high wnba commissioner kathy englebart's says, the league will start for flying. it's athletes on private planes instead of flying commercial is they do now during the regular season for years, players have complained of safety concerns and security security issues at airports engelberg told a group of sports editors the league is committing 50 million over the next two seasons. they're going to start flying the women on chartered
it is extremely rare for that to happen we'll company in bankruptcy ftx as it's been able to recover assets, were roughly $15 and we'll use them to pay stakeholders back in march, former ftx ceo sam bankman-fried with sentence two once you've five years in prison on fraud and conspiracy charges, and nasa's boeing starliner will take off next week for the international space station. two astronauts were already he strapped into the capsule. they were ready to go on monday when a valve started...
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May 29, 2024
05/24
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BBCNEWS
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the ftx president has been sentenced to prison. he pleaded uuil in sentenced to prison. he pleaded guilty in 2023 — sentenced to prison. he pleaded guilty in 2023 to _ sentenced to prison. he pleaded guilty in 2023 to money - guilty in 2023 to money laundering charges. he will serve a seven and a half year sentence, followed by three years of supervised release. he is the first of sam bateman freed�*s team to be sentenced since the exchange filed for bankruptcy in 2022 —— sam bateman freed. and that�*s it for this edition of business today. thanks for watching. hello, i�*m marc edwards, welcome to sportsday. here�*s what we�*ve got coming up on the show. djok and roll — the world number one opens his french open title defense with a solid win over home hope pierre—hugues herbert. a date with destiny as dortmund dare to dream ahead of the champions league final. we hearfrom their manager edin terzic. time to say goodbye for lexi thompson. with multiple lpga tour event wins and a major under her belt, she�*ll call time on her career at the end of the
the ftx president has been sentenced to prison. he pleaded uuil in sentenced to prison. he pleaded guilty in 2023 — sentenced to prison. he pleaded guilty in 2023 to _ sentenced to prison. he pleaded guilty in 2023 to money - guilty in 2023 to money laundering charges. he will serve a seven and a half year sentence, followed by three years of supervised release. he is the first of sam bateman freed�*s team to be sentenced since the exchange filed for bankruptcy in 2022 —— sam bateman...
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May 1, 2024
05/24
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BLOOMBERG
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the worst monthly drop since the collapse of ftx. that is the price over 30 days. down 14%. we will do another preview with a set up of what to expect. we will also listen in for the u.s. treasury section janet yellen on her concerns about this. stay with us, this is bloomberg. ♪ >> i do have concern about where we are going unless we undertake some significant steps to reduce budget deficit. >> that was the u.s. treasury secretary janet yellen testified at a house committee. what a move that has been. this shows you exactly where we are in terms of the debt pile of the united states. 34.6 trillion. almost 35 trillion u.s. dollars. you are well below 10 trillion. 10 trillion in 20 years to almost 35 trillion u.s. dollars. let's flip the chart and see where this leads us in the here and now. they came out with their needs. their most up-to-date estimates in terms of all this. that was above the estimates of some. they got their quarterly refunding. they plan to issue and the -- trajectory has been line in terms of the sizes of these auctions. the questions bent to what exte
the worst monthly drop since the collapse of ftx. that is the price over 30 days. down 14%. we will do another preview with a set up of what to expect. we will also listen in for the u.s. treasury section janet yellen on her concerns about this. stay with us, this is bloomberg. ♪ >> i do have concern about where we are going unless we undertake some significant steps to reduce budget deficit. >> that was the u.s. treasury secretary janet yellen testified at a house committee. what...
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May 8, 2024
05/24
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CNBC
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. >>> still toom se ce,omft x players set to get paid and maybe with some interest what ftx investors need to know after this short break investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >>> some
. >>> still toom se ce,omft x players set to get paid and maybe with some interest what ftx investors need to know after this short break investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. her uncle's unhappy. i'm sensing...
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May 8, 2024
05/24
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KRON
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plus interest their refunds will be based upon the value just before ftx went bankrupt. a recent surge in crypto market has driven values to triple what they were back in 2022. victims won't benefit from that search. the first checks start going out in a few months. >> 10. 22 right now. and coming up on the kron, morning news tiktok is suing the u.s. government now over its law that bans the app will see while trial could have consequences way beyond tiktok. >> we're back to 24 is the time and happening right now. police in oakland have released this sketch of a man they say is wanted for a homicide. that happened back in august of last year. they say it happened about midnight on east 18th avenue. 2 people were shot. officers say one died at the scene. the other was treated at the hospital and police also released this picture of a ford f one, 50 pickup truck. investigators believe this belong to the suspect. so if you have any information, contact police, meanwhile, the city of oakland will have to pay more than 2.5 million dollars to an employee after a jury decided t
plus interest their refunds will be based upon the value just before ftx went bankrupt. a recent surge in crypto market has driven values to triple what they were back in 2022. victims won't benefit from that search. the first checks start going out in a few months. >> 10. 22 right now. and coming up on the kron, morning news tiktok is suing the u.s. government now over its law that bans the app will see while trial could have consequences way beyond tiktok. >> we're back to 24 is...
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May 22, 2024
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., really glad to have you here big fan of your work i have a question about all of the ftx money, you know, talk about how much they're actually getting. >> yeah. >> do you think -- i don't know if it's $11 billion now, will that go back into crypto, where is it going to go? >> yeah, i do think -- most of that money is crypto native, right? it's crypto funds, people that are investing in this, so, i think most of that money will come back in what we've seen so far is a lot of private deals, a lot of private deals in solana that's happened, investors in -- the receiver in ftx was selling solana to investors. so, i think that what's going to happen is, it will just be recycled in. there may be some that leaks out to the side, but most of that money stays in the crypto ecosystem. >> so, you've lined solanf for a l long time. aside from a solana, what is your number one sort of moon shot coin trade -- >> oh. that's a great question. i think you can look at a couple different ones you can look at some of the a.i. coins, something like a fetch a.i., that's been really well. and then what's
., really glad to have you here big fan of your work i have a question about all of the ftx money, you know, talk about how much they're actually getting. >> yeah. >> do you think -- i don't know if it's $11 billion now, will that go back into crypto, where is it going to go? >> yeah, i do think -- most of that money is crypto native, right? it's crypto funds, people that are investing in this, so, i think most of that money will come back in what we've seen so far is a lot of...
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May 8, 2024
05/24
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KQED
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ftx collapsed in november 2022. earlier this year, former ceo and founder sam bankman-fried was sentenced to 25 years in prison for fraud. on wall street, stocks mostly drifted for a second day. the dow jones industrial average gained 172 points to close at 39,056. the nasdaq fell 29 points. the s&p 500 was down a fraction. and there's something new in statuary hall at the u.s. capitol, where each state displays its own prominent, historical figures. today, arkansas unveiled a statue depicting civil rights leader and journalist daisy bates. she played a key role in hools.egating the state's public the state is also adding a statue of country music great johnny cash. they'll replace figures with confederate and white supremacist backgrounds. still to come on the "newshour", congress grills leaders of some of the nation's largest school districts about the rise in antisemitism in their schools. and ukrainians who've lost limbs in the figth with russia receive -- fight with russia receive prosthetics, and hope for the
ftx collapsed in november 2022. earlier this year, former ceo and founder sam bankman-fried was sentenced to 25 years in prison for fraud. on wall street, stocks mostly drifted for a second day. the dow jones industrial average gained 172 points to close at 39,056. the nasdaq fell 29 points. the s&p 500 was down a fraction. and there's something new in statuary hall at the u.s. capitol, where each state displays its own prominent, historical figures. today, arkansas unveiled a statue...
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May 8, 2024
05/24
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KRON
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plus interest the refunds will based upon their value just before ftx went bankrupt. a recent surge in the crypto market has driven values to triple what they were in 2022. victims will benefit from that surge. the first checks are going to start going out in a few months. rent continues to outpace wages, rent prices in the u.s. story. 30 1% since 2019, while income only grew by 20% over the same time period, according to zillow, rent has increased more than wages. and 44 of the 50 largest metro areas, the median rent in san francisco as a little over $3,000 a month. california representative eric swalwell along with other u.s. representatives have introduced a bill that will make buying a home easier and more accessible for teachers. that's what they say. the educator down payment assistance act would give local governments the ability to offer down payment assistance. this will provide aid to full-time public school educators and school staff who do this when they buy their first home with rising costs of rental properties. teachers spend about half of their salarie
plus interest the refunds will based upon their value just before ftx went bankrupt. a recent surge in the crypto market has driven values to triple what they were in 2022. victims will benefit from that surge. the first checks are going to start going out in a few months. rent continues to outpace wages, rent prices in the u.s. story. 30 1% since 2019, while income only grew by 20% over the same time period, according to zillow, rent has increased more than wages. and 44 of the 50 largest...
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May 9, 2024
05/24
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KPIX
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. >>> nearly two years after its catastrophic collapse, ftx will return money to its customers. according to a new court filing, the cryptocurrency exchange owes roughly $11.2 billion to its creditors. about 98% of customers are eligible. those that claim $50,000 or less will get about 118% of their claim. ceo and founder sam bankman-fried is serving a 25-year prison sentence after been convicted of fraud and conspiracy. >>> it's the end of an era for general motors. after 60 years on the road, the detroit automaker is shutting down production of its chevy malibu. the change takes effect this november, and gm says it will make room for a bigger focus on electric vehicles. >>> and this could be the most expensive slice of pineapple you've ever seen. del monte is introducing this new and rare red pineapple. it's called the ruby glow and is being advertised as a luxury designer piece of fruit. it's sold without its spiky crown and packaged in a box, but it won't be easy to find. there's a global wait list, and some retailers are selling them for up to $396 each. >>> that's your cbs
. >>> nearly two years after its catastrophic collapse, ftx will return money to its customers. according to a new court filing, the cryptocurrency exchange owes roughly $11.2 billion to its creditors. about 98% of customers are eligible. those that claim $50,000 or less will get about 118% of their claim. ceo and founder sam bankman-fried is serving a 25-year prison sentence after been convicted of fraud and conspiracy. >>> it's the end of an era for general motors. after 60...
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May 9, 2024
05/24
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. >>> ftx says nearly all its customers will receive the money back that they're owed for more than two years after the cryptocurrency exchange collapsed. now it's part of a bankruptcy plan filed in a delaware court. ftx founder and former ceo sam bankman-fried is now serving a 25 year sentence connected to the collapse reed. >>> the california lawmakers wants to ban stores from selling certain anti-aging skin care products to children under 13. yes, children anti-aging. south bay member alex league told us if the bill passes it could force stores to post warnings or even require id checks to buy. doctors say some of the products like retinol based creams can be damaging to younger complexions. and just also aren't necessary for kids. >> when you are a kid, everything in your skin is working perfectly. it has a mechanism in place to exfoliate and to turn over and to do all the things that it's supposed to do. and so you don't need any expensive fancy skin care. >> well, this proposal is a first for california but just a few months ago, a swedish pharmacy chain actually restrict customer
. >>> ftx says nearly all its customers will receive the money back that they're owed for more than two years after the cryptocurrency exchange collapsed. now it's part of a bankruptcy plan filed in a delaware court. ftx founder and former ceo sam bankman-fried is now serving a 25 year sentence connected to the collapse reed. >>> the california lawmakers wants to ban stores from selling certain anti-aging skin care products to children under 13. yes, children anti-aging. south...
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May 24, 2024
05/24
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he's the founder of ftx, a collapsed cryptocurrency exchange company who was convicted of fraud and conspiracy. a judge sentenced bankman-fried to 25 years in prison in march. the wall street journal is now reporting that law enforcement moved him from a jail in new york yesterday, and that he's now at a facility in the town of mendota in fresno county. that is a 2.5 hour drive from his parents home in stanford university. now, the wall street journal reports the move is against his wishes. he requested to stay in new york while he files an appeal. it's the second day of jury selection in the state trial against david depape, and already some of the difficulties in picking a fair, impartial jury in such a high profile case are becoming apparent. depape is the man accused of breaking into former house speaker nancy pelosi's home and attacking her husband with a hammer, as nbc bay area sergio quintana explains, nearly half of the set of jurors and alternates were dismissed. many of the potential jurors say they heard the initial headlines describing the break in at the pelosi house and the attac
he's the founder of ftx, a collapsed cryptocurrency exchange company who was convicted of fraud and conspiracy. a judge sentenced bankman-fried to 25 years in prison in march. the wall street journal is now reporting that law enforcement moved him from a jail in new york yesterday, and that he's now at a facility in the town of mendota in fresno county. that is a 2.5 hour drive from his parents home in stanford university. now, the wall street journal reports the move is against his wishes. he...
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May 29, 2024
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former chief executive at ftx's bahamas subsidiary has been sentenced to seven and a half years in prison. he pleaded guilty to a slough of charges for his role in the collapse of the crypto giant. >>> spacex will launch its falcon 9 flight. >>> we're that much closer to the 2024 olympics. flame bearers continue to carry the torch as the relay made its way to southwestern france. >>> and the world will be able to enter the wu-tang. the only copy of the album will be exhibited for a ten-day period at the museum of old and new art in australia. "early today" will be right back. e right back. inez, let me ask you, you're using head and shoulders, right? only when i see flakes. then i switch back to my regular shampoo. you should use it every wash, otherwise the flakes will come back. tiny troy: he's right, you know. is that tiny troy? the ingredients in head and shoulders keep the microbes that cause flakes at bay. microbes, really? they're always on your scalp... little rascals... but good news, there's no itchiness, dryness or flakes down here! i love tiny troy. and his tiny gorgeous hair.
former chief executive at ftx's bahamas subsidiary has been sentenced to seven and a half years in prison. he pleaded guilty to a slough of charges for his role in the collapse of the crypto giant. >>> spacex will launch its falcon 9 flight. >>> we're that much closer to the 2024 olympics. flame bearers continue to carry the torch as the relay made its way to southwestern france. >>> and the world will be able to enter the wu-tang. the only copy of the album will be...
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May 24, 2024
05/24
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sam bankman-fried is in california in march, a judge sentenced ftx founder bankman-fried to 25 years for his role in defrauding customers and investors. the wall street journal is reporting that yesterday, law enforcement moved him from a new york jail to a facility in fresno county, 2.5 hours from his parents home near stanford, the journal reports. the move is against bankman-frieds wishes. he requested to stay in new york while he files his appeal. well, it is no secret california is facing a massive budget deficit and the governor has warned that filling that gap will mean some painful funding cuts. but a local county is warning one of those proposed cuts runs too deep. nbc bay area's damian trujillo tells us several bay area counties are now warning critical services are in jeopardy. there are five bay area counties that could be impacted by this state. move including marin and san francisco. santa clara county says the consequences could be devastating. the trend is troubling. every year, the santa clara county da handles more than 500 felony sex assault cases. many of the vict
sam bankman-fried is in california in march, a judge sentenced ftx founder bankman-fried to 25 years for his role in defrauding customers and investors. the wall street journal is reporting that yesterday, law enforcement moved him from a new york jail to a facility in fresno county, 2.5 hours from his parents home near stanford, the journal reports. the move is against bankman-frieds wishes. he requested to stay in new york while he files his appeal. well, it is no secret california is facing...
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May 9, 2024
05/24
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KSTS
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proyecto está en sus inicios y se prevé que su documentación se presente en septiembre y clientes de ftx, la compañía de criptomonedas que cerró en 2022 tras un fraude relaciona podría recuperar el dinero perdido? es que los abogados de la compañía han presentado un plan para que los afectados reciban un pago en efectivo que represente el 118% de las inversiones que hicieron a dicha empresa. sin embargo, de confirmarse, dijeron que tendrían que pasar varios meses para que comiencen a realizarse los pagos. por otra parte, la industria de las salas de cine sufrió un revés tras conocerse que en los últimos 5 años la venta de boletos en la cadena amc 65% y en otras compañías como cinemark y regal manejan cifras similares. el dato fue revelado en un informe de la compañía de la compañía en el que agregan que una de las razones es que la gente está prefiriendo ver películas en casa, lo que también habría provocado el cierre de algunas sucursales. menos afluencia. y hablando de negocios, con el fin de salir adelante y aconsejando precisamente o aconsejado por parte de un am
proyecto está en sus inicios y se prevé que su documentación se presente en septiembre y clientes de ftx, la compañía de criptomonedas que cerró en 2022 tras un fraude relaciona podría recuperar el dinero perdido? es que los abogados de la compañía han presentado un plan para que los afectados reciban un pago en efectivo que represente el 118% de las inversiones que hicieron a dicha empresa. sin embargo, de confirmarse, dijeron que tendrían que pasar varios meses para que comiencen a...
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May 24, 2024
05/24
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ftx founder bankman-fried to 25 years for his role in defrauding customers and investors. now, the wall street journal has reported that he's moved from a new york jail to a facility in fresno county, 2.5 hours from his parents home in stanford. the journal reports the move is against bankman-frieds wishes. he had requested to stay in new york as he files his appeal. well, the owner of two now closed fishermans wharf restaurants is suing the city of san francisco for millions. fisherman's grotto and tarantino's each closed in 2020. shortly after the start of the pandemic, the port of san francisco evicted their restaurants, alleging the owner was $1.5 million behind in rent. the ownership group is now trying to recoup what it claims is $2 million spent on repair costs, along with lost revenue and rent reimbursement, citing failure by the city to honor their lease agreement, the city attorney's office told the chronicle that ownership has attempted a series of maneuvers to get out of paying the money it still owes in back rent, and it looks forward to responding in court a
ftx founder bankman-fried to 25 years for his role in defrauding customers and investors. now, the wall street journal has reported that he's moved from a new york jail to a facility in fresno county, 2.5 hours from his parents home in stanford. the journal reports the move is against bankman-frieds wishes. he had requested to stay in new york as he files his appeal. well, the owner of two now closed fishermans wharf restaurants is suing the city of san francisco for millions. fisherman's...
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May 8, 2024
05/24
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ftx is set to em prove their interest 118% they're getting back ve's very vary for a bankruptcy, gin the story we've heard. we're going to come back right after this > >>> welcome back to "squawk box. eight sleep launches a next generation sleep pod joining us right now are the co-founders of this company eight sleep. i should say up front i am an owner. i bought the first of these mattresses by the way, i bought a couple of them it used to be cheaper. i bo it them during the pandemic and it changed my sleep forever. it's called eight sleep because it's supposed to help you get eight hours of sleep i unfortunately don't get that many, but i'm trying to make my sleep better i can do it because i did -- i use it i sleep on it every night. what is it that you're doing >> so today we're launching pod 4 ultra-the fourth generation of our product, of our best-selling technology it's a mattress cover you can install onto any mattress and it will improve your sleep. the way we do it is by wreck lating your body temperature at night and we keep adjusting that based on biometrics, things like
ftx is set to em prove their interest 118% they're getting back ve's very vary for a bankruptcy, gin the story we've heard. we're going to come back right after this > >>> welcome back to "squawk box. eight sleep launches a next generation sleep pod joining us right now are the co-founders of this company eight sleep. i should say up front i am an owner. i bought the first of these mattresses by the way, i bought a couple of them it used to be cheaper. i bo it them during the...
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May 1, 2024
05/24
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BBCNEWS
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but unlike ftx, binance is still the biggest crypto currency exchange in the world and cz has his eye on the future. recently he announced plans to launch a online nonprofit educational academy. around the world and across the uk. this is bbc news. the boss of whatsapp says that tens of millions of people are using technical workarounds to secretly use the messaging platform in countries where it is banned. iran, north korea and syria don't allow whatsapp. last month china ordered apple to ban it from being downloaded to iphones. the head of whatsapp, will cathcart, has told the bbc that governments banning or blocking apps that they don't like is threatening the open internet. he spoke to our cyber correspondentjoe tidy about internet freedom from a tech giant's perspective. huge increases from northern italy especially for calling... . forthe italy especially for calling... . for the boss of what's things are looking great on paper. his app are looking great on paper. his app is used by around 2 million people and are starting to make money from its business users. it was always min
but unlike ftx, binance is still the biggest crypto currency exchange in the world and cz has his eye on the future. recently he announced plans to launch a online nonprofit educational academy. around the world and across the uk. this is bbc news. the boss of whatsapp says that tens of millions of people are using technical workarounds to secretly use the messaging platform in countries where it is banned. iran, north korea and syria don't allow whatsapp. last month china ordered apple to ban...
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May 13, 2024
05/24
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BLOOMBERG
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years in prison, and as we know, some of the attorneys in here, the prosecutors, were involved in the ftx trial very recently as well. so this is an office coming very hard down on white collar crime. >> sonali, has nothing changed to protect this from happening again, from counter party perspectives? >> that's the best question coming out of this, because this trial does have the potential to draw light again to a lot of the practices that got us here. if you think about it, rules in some form have been altered. the s.e.c. had taken a look at it, they fought over jurisdiction around a lot of these trades. some of the ways that they have been changed were simply post-2008, dodd frank rules, that were changed not until recently. but with family offices and disclosure, that's not been changed, and that is something that regulators may take a look at once again given what happened here and given that nothing is really distant for any future problems. caroline: sonali, we thank you for being outside the manhattan court. now let's go to you, ed. ed: let's get other headlines in today's talking
years in prison, and as we know, some of the attorneys in here, the prosecutors, were involved in the ftx trial very recently as well. so this is an office coming very hard down on white collar crime. >> sonali, has nothing changed to protect this from happening again, from counter party perspectives? >> that's the best question coming out of this, because this trial does have the potential to draw light again to a lot of the practices that got us here. if you think about it, rules...
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May 9, 2024
05/24
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KRON
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investors who lost money in the collapse of crypto exchange ftx. they're getting their money back. >> lawyers from the bay area based company say that customers will recover every dollar they invested. plus interest. they say the first checks are going to start going out in a few months. coming up next, chaos for travelers. that's what san francisco officials say will happen once the open airport. >> changes its name to add san francisco to it. their attempt to try to stop the name change. plus the investigation into an electric vehicle after a family of 4 was killed. a family of 4 was killed. >> in the east bay. ( ♪♪ ) you made a cow! actually it's a piggy bank. my inspiration to start saving. how about a more solid way to save? i'm listening. well, bmo helps get your savings habit into shape with a cash reward every month you save. both: cash reward? and there's a cash bonus when you open a new checking account to get you started. wow. anything you can't do? ( ♪♪ ) mugs. ♪ bmo ♪ >> now to answer any questions remain about a potential
investors who lost money in the collapse of crypto exchange ftx. they're getting their money back. >> lawyers from the bay area based company say that customers will recover every dollar they invested. plus interest. they say the first checks are going to start going out in a few months. coming up next, chaos for travelers. that's what san francisco officials say will happen once the open airport. >> changes its name to add san francisco to it. their attempt to try to stop the name...
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May 22, 2024
05/24
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. >> we all remember the ftx disaster that hap happened withm bankman-fried. do we really trust, congress, i know that congress is blaming administration and blaming are any poll cigses up to the task of leg rating this market? >> this is a tremendous challenge to do it and as we see as the congressman said, there's an internal fight going on right now. david: great to see you both. thank you very much. excitement growing ahead of former president trump's rally in south bronx. that takes place tomorrow. many are comparing to ronald reagan's visits to the bronx in 1908 and won that election and state of new york. new york >> when theysay electir me because i'm a democrat. that's what they said and people are so mentally conditioned to vote for democrat that no matter who is running in the democratic line, our people will vote for them but now, now it's different. david: ford, there's a sienna poll out today saying that biden is losing his lead. he still has a big lead over trump in new york, but it's down to single digits. what are you making of this? i mean, i
. >> we all remember the ftx disaster that hap happened withm bankman-fried. do we really trust, congress, i know that congress is blaming administration and blaming are any poll cigses up to the task of leg rating this market? >> this is a tremendous challenge to do it and as we see as the congressman said, there's an internal fight going on right now. david: great to see you both. thank you very much. excitement growing ahead of former president trump's rally in south bronx. that...
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May 31, 2024
05/24
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they're still seems to be a lot of risk associated with events ftx and back to 2014 a lot of fear. >> that said, framed it as a successful launch overall. you're on board with that school of thought >> definitely. look at flows comine iing in definitely successful. coming from institutions large funds, pensions. murkier at the retail investor level for those working with advisers advisor cite a lot of issues around compliance. maybe people are interested or they even are interested in making those allocations, but then brokerage dealers either don't allow them to do so, or do allow them thto so only to a certain extent that's different for everybody so it's still not clear and even the ones that do, you know, no one -- everyone's kind of afraid of getting hit with lawsuits goes all the way up. a regulated vehicle still not regulated enough for advisers. >> thank you good to see you. >>> steve what are you thinking? >> i think the problem is with advisers, what she just left off on that they're so worried about the volatility they don't want to be left holding the bag with something th
they're still seems to be a lot of risk associated with events ftx and back to 2014 a lot of fear. >> that said, framed it as a successful launch overall. you're on board with that school of thought >> definitely. look at flows comine iing in definitely successful. coming from institutions large funds, pensions. murkier at the retail investor level for those working with advisers advisor cite a lot of issues around compliance. maybe people are interested or they even are interested...
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May 9, 2024
05/24
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. >> reporter: today sam bankman-fried founder and ceo of crypto exchange ftx is facing criminal indictments and a wave of civil complaints. >> the sam bankman-fried indictment complicated financial instruments, international currency s,exchanges, and a who lot more.ng it was a first of its kind case for the justice department and for the judicial system that would hear that case, and it took ten months for that case with all its myriad complexities to go to trial. sam bankman-fried was indicted infr the month of december. by the following october he was sitting in a courtroom. as it turns out that is a fair lestandard amount of time for major cases. in october of 2017 former trump campaign manager paul manafort was arrested and charged by robert mueller in washington, d.c. for money laundering and failing to register as a foreign agent. mueller followed that with more related tax and bank fraud charges in virginia a few months later. so two high stakes cases involving the former campaign manager of a sitting u.s. president. but even with all that, the time from manafort's initial arrest to
. >> reporter: today sam bankman-fried founder and ceo of crypto exchange ftx is facing criminal indictments and a wave of civil complaints. >> the sam bankman-fried indictment complicated financial instruments, international currency s,exchanges, and a who lot more.ng it was a first of its kind case for the justice department and for the judicial system that would hear that case, and it took ten months for that case with all its myriad complexities to go to trial. sam bankman-fried...
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May 21, 2024
05/24
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FBC
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the way you bring people in so you don't experience the ftx problem we had where they feel like they have to create their business offshore, is you create clear, simple, playing rules that everybody understands so that they will keep the innovation in this country and they will develop the next generation of the web right here. the other thing? we wanted to delineate what the supervision, the oversight, the regulator was going to be and what circumstance. the biggest one for me, you got to be able to move from a centralized system to decentralized because a project can start as a centralized but then ultimately it can develop into a decentralized network and that's what we're really looking for. charles: i got 30 seconds, i got to ask you, within the party there is talk of a new economic vision being rewritten obviously. you know president trump is the candidate for your party. a lot of your colleagues have left in the last couple years. you know, there is definitely a division between old school gop thinking and this newer gop thinking. how do you fit in there? >> it is time to move
the way you bring people in so you don't experience the ftx problem we had where they feel like they have to create their business offshore, is you create clear, simple, playing rules that everybody understands so that they will keep the innovation in this country and they will develop the next generation of the web right here. the other thing? we wanted to delineate what the supervision, the oversight, the regulator was going to be and what circumstance. the biggest one for me, you got to be...
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May 9, 2024
05/24
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ftx collapsed in november, earlier this year the former founder was sentenced. there is something new at the u.s. capitol. she played a key role in desegregating public schools. the state is adding a statue of johnny cash. still to come on the newshour. congress grills leaders about anti-semitic incidents. prosthetics and hope for the future as the war wages on. he >> this is the pbs newshour at arizona state university. >> the ongoing debate about how colleges and cities are handling protest laid out in washington dc today. early this morning hours before , mayor muriel bowser was being called to testify on the hill, about this police began clearing , out encampments and gatherings at the campus of george wasington university. neary three dozen people were arrested. the hearing was later canceled. over the past week, newshour producers visited that encampment and other campuses across the country to hear why students are protesting, and about the language being used and the limits of free speech. stephanie sy has our report. stephanie: more than -- for nearly t
ftx collapsed in november, earlier this year the former founder was sentenced. there is something new at the u.s. capitol. she played a key role in desegregating public schools. the state is adding a statue of johnny cash. still to come on the newshour. congress grills leaders about anti-semitic incidents. prosthetics and hope for the future as the war wages on. he >> this is the pbs newshour at arizona state university. >> the ongoing debate about how colleges and cities are...
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May 23, 2024
05/24
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KGO
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the founder of the cryptocurrency exchange ftx was sentenced to march in march to 25 years in prison in what prosecutors called one of the largest financial frauds in us history. that transfer would put bankman-fried closer to his parents. they are both law professors at stanford supreme court. justice samuel alito is facing a flag controversy. the new york times published this photo of a flag at his beach home. some are linking it to the january 6th rioters. the flag is seen here among the crowd storming the capitol. it's the one that has the tree on it. it has the words appeal to heaven. it dates back to the revolutionary war, but has more recently been linked to christian nationalism and a religious strand of the so-called stop the steal movement. after the 2020 election, dozens of democrats are calling for alito to recuse himself from two cases related to january 6th. here's a warning before your next beach vacation, be careful what you are picking up. >> my kids were picking or they thought they were collecting seashells, but they actually collected clams, 72 to be exact. >> wha
the founder of the cryptocurrency exchange ftx was sentenced to march in march to 25 years in prison in what prosecutors called one of the largest financial frauds in us history. that transfer would put bankman-fried closer to his parents. they are both law professors at stanford supreme court. justice samuel alito is facing a flag controversy. the new york times published this photo of a flag at his beach home. some are linking it to the january 6th rioters. the flag is seen here among the...
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May 23, 2024
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the founder of the cryptocurrency exchange ftx was sentenced to in march to 25 years in prison in what prosecutors called one of the largest financial frauds in u.s. history. this transfer would put bankman-fried closer to his parents. they're both law professors at stanford. here's a warning before your next beach vacation, be careful what you're picking up on the beach. >> my kids were picking, or they thought they were collecting seashells, but they actually collected clams. 72, to be exact . >> what? the ross family didn't know on their vacation to pismo beach late last year. clamming has regulations. they got a ticket on the spot. did you see that number? oh, it was a notice to pay more than $88,000. a judge did take some pity on the family. reduced the fine to $500. wildlife officials say the regulations are important to preserve the clam population. >> can you imagine the clam community is up in arms. >> okay, there's no clam community. >> probably new at six. >> details about a homeless support group shutting down in the south bay. >> and a horrible tragedy in mexico caught on
the founder of the cryptocurrency exchange ftx was sentenced to in march to 25 years in prison in what prosecutors called one of the largest financial frauds in u.s. history. this transfer would put bankman-fried closer to his parents. they're both law professors at stanford. here's a warning before your next beach vacation, be careful what you're picking up on the beach. >> my kids were picking, or they thought they were collecting seashells, but they actually collected clams. 72, to be...
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May 23, 2024
05/24
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the founder of the cryptocurrency exchange ftx was sentenced in march to 25 years in prison in what prosecutors called one of the largest financial frauds in us history. the transfer would put bankman-fried closer to his parents. they are both law professors at stanford. >> a walkout is happening today at uc irvine. memorize protests was sparked by the university's suspension of all students arrested during a campus protest last week. more than 100 people gathered in support of the uci divest coalition. the group had been set up inside a gaza solidarity encampment on campus for about two weeks. the encampment was broken up on may 15th after police responded to the campus for protesters barricaded inside a lecture hall. a landmark deal today that could solve some of the problems facing the city of oakland. it has agreed to sell its stake in the coliseum site to developers, with the expected departure of the a's, this would set the stage for a massive redevelopment. more immediately, it could provide an infusion of cash as the city faces a budget deficit. abc seven news reporter ryan curry tells
the founder of the cryptocurrency exchange ftx was sentenced in march to 25 years in prison in what prosecutors called one of the largest financial frauds in us history. the transfer would put bankman-fried closer to his parents. they are both law professors at stanford. >> a walkout is happening today at uc irvine. memorize protests was sparked by the university's suspension of all students arrested during a campus protest last week. more than 100 people gathered in support of the uci...
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May 8, 2024
05/24
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the irony of all ironies is customers of ftx will be getting their money back, plus interest, something rare for bankruptcy cases. ftx is selling off all of its parts and will be worth over $16 billion, more than what it needs to cover what its customers and creditors lost in the november 2022 collapse. that is about what it valued in 2020 near the height of the pandemic trading boom. although all of the debts will be paid in full, nothing will be left over for the equity holders according to the court documents. that is your bloomberg brief. jonathan: thank you very much. if there is a book i want to read, it is the book on this. the cleanup. but they walked into when they had to look up the bankruptcy of this company. how much was left. you will sit here and say there is enough money to cover the people who are owed money. listen to these numbers. $16.3 billion in cash to distribute. lisa: to me this is the question. how much has leaked out with all of the donations. this is the fundamental issue. is it a crime and how big of a crime is it if everybody gets their money back? a lot of
the irony of all ironies is customers of ftx will be getting their money back, plus interest, something rare for bankruptcy cases. ftx is selling off all of its parts and will be worth over $16 billion, more than what it needs to cover what its customers and creditors lost in the november 2022 collapse. that is about what it valued in 2020 near the height of the pandemic trading boom. although all of the debts will be paid in full, nothing will be left over for the equity holders according to...
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May 16, 2024
05/24
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ftx, $600 million, poof. binance, $586 million, poof. ronan network, $625 million, poof. and poly network, $611 million, poof. all in just the last three years. we have seen multiple hacks of crypto platforms. the unique risks of crypto can create liabilities that seriously impact a company's financial condition. sab121 simply clarifies how companies should account for those risks in their financial disclosures. that's all it's doing. now, there's a second kind of problem with crypto, and that is if a company safeguards property for someone, stock, bonds, jewelry like we talked about earlier, if the company doing the safeguarding goes bankrupt, the true owner of the stocks or the bonds or the jewelry can get their property back. but if the company that goes bankrupt is holding crypto, the recall yurts of -- peculiarities mean that the creditors of the bankrupt company could keep the crypto. the true owner may just be out of luck. once again, sab 121 simply clarifies how companies should make clear those risks in their disclosures. so let's talk for just a minute about wha
ftx, $600 million, poof. binance, $586 million, poof. ronan network, $625 million, poof. and poly network, $611 million, poof. all in just the last three years. we have seen multiple hacks of crypto platforms. the unique risks of crypto can create liabilities that seriously impact a company's financial condition. sab121 simply clarifies how companies should account for those risks in their financial disclosures. that's all it's doing. now, there's a second kind of problem with crypto, and that...