Book thief in a plot that cheated famous authors avoids jail

Book thief in a plot that cheated famous authors avoids jail

NEW YORK (AP) — It was the stuff of novels: For years, a con man plagued the publishing house, impersonating editors and agents to commit hundreds of literary robberies. But the manuscripts obtained from high-profile authors were never resold or leaked, making the thefts all the more confusing. The sentencing of Filippo Bernardini in Manhattan … Read more

Elon reportedly backed out of OpenAI because they didn’t want him to be the big boss

Elon reportedly backed out of OpenAI because they didn’t want him to be the big boss

Elon Musk, CEO of Twitter and Tesla, once played the role of Mr. Money Bags for Sicon valley latest darling OpenAIthe creators of ChatGPT And OF-2. The nonprofit has become the center of the tech world’s new obsession with AI, but a new report claims that in 2018, Musk proposed taking over the nonprofit research … Read more

Crypto faces legal reckoning as SEC prepares action against Coinbase

The SEC has informed Coinbase that it plans to sue the company for allegedly violating a series of investor protection laws, the company said this week. An eventual SEC lawsuit against the largest US crypto exchange could help determine the future shape of exchanging dollars for digital tokens such as bitcoin, ether or polkadot. It … Read more

Spire, Momentus face delisting warnings

Spire and Momentus received delisting warnings on Friday, according to the securities filings, as share prices of both companies traded below $1 per share. The companies have 180 days, or about six months, to get their share price back above $1 per share. Both companies noted the possibility of conducting a reverse stock split to … Read more

The Ford plant in Tenn. could make 500,000 electric pickups a year

SANTON, Tenn. – Ford said Friday that its assembly plant under construction in western Tennessee will be able to build up to 500,000 electric pickup trucks a year at full capacity, part of the automaker’s ambition to build 2 million worldwide by the end of the day electric vehicles to be produced per year by … Read more

Blue Origin NS-23 malfunction caused by an overheated rocket motor nozzle

The moment of the anomaly during the New Shepard cargo mission NS-23, when the booster’s engine failed. Blue origin Jeff Bezos’ aerospace company Blue Origin has released findings from an investigation into the failed flight of a cargo mission last year, which it says was due to a problem in the rocket’s motor nozzle. The … Read more

Luminar’s CFO defends the lidar maker’s pricing and earnings

A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar’s Iris, to show the differences in the technologies. Michael Wayland/CNBC Lidar maker Luminar Technologies, stung by a recent Wall Street downgrade, is responding in an unusual way: going straight to shareholders. In a letter seen by CNBC Friday morning, Luminar CFO Tom Fennimore … Read more

Bitcoin Surges $30,000 in Sight. The weekend can bring some wild moves.

Bitcoin and other cryptocurrencies gained on Friday after a volatile but exuberant week. However, Saturday and Sunday lie ahead as a challenge for crypto traders, with a lack of liquidity in the markets likely to exacerbate price swings. Bitcoin’s price is up 1.5% in the last 24 hours to $28,100, bringing it back close to … Read more

Coinbase’s CEO takes to Twitter to highlight work with SEC before the regulatory warning is issued

Published: March 23, 2023 at 6:22 PM ET Brian Armstrong, CEO of Coinbase COIN, and others on Coinbase’s team shared their thoughts on the U.S. Securities and Exchange Commission’s Wells Notice a day earlier, in a Twitter space hosted on Coinbase’s account Thursday night. “We actually didn’t think this was unexpected,” said Armstrong, adding that … Read more

Janet Yellen changed the mood – again

U.S. Treasury Secretary Janet Yellen testifies before a subcommittee on March 23, 2023 in Washington, DC. Alex Wang | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open brings investors up to speed with everything they need to know, wherever they … Read more