On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement.
.
NBC reports that the SEC requirement
would require a lawyer to review
the Tesla CEO's social media posts.
.
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment.
.
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment.
.
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC deemed the tweets
"materially false and misleading,"
and in clear violation of securities laws.
At the time, Musk agreed to settle the issue
with the SEC, which included his signing off
on the so-called "Twitter sitter" provision.
NBC reports that Musk has since said
the restrictions are unconstitutional and that
he was coerced into signing the SEC agreement.
According to court papers, lawyers
representing Musk have accused the SEC
of waging an "ongoing campaign" against Musk.
Musk's legal team claim the provision , "restricts Mr. Musk’s speech even
when truthful and accurate.".
It extends to speech not
covered by the securities laws
and with no relation to the conduct
underlying the SEC’s civil action, Elon Musk legal team, via NBC.
In response, the SEC said in court papers
that Musk waived his right to appeal
when he signed off on the settlement.
Donald Trump was shot at today during an election rally in Pennsylvania. The former US President is reported to be safe and recuperating under medical care. However, conflicting reports are emerging about the incident. While Trump asserts that he was shot with a bullet that pierced the upper part of his right ear, law enforcement officials claim he was hit by glass fragments, possibly from a teleprompter broken by the bullets. This discrepancy has fueled conspiracy theories, with some social media users calling the event a staged 'photo op' for sympathy and votes. President Biden has condemned the attack as "sick," and tech mogul Elon Musk has publicly endorsed Trump following the incident. The true details of what happened remain under investigation.
#TrumpShooting
#Election2024
#GlassOrBullet
#ConspiracyTheories
#TrumpRally
#PoliticalNews
#BreakingNews
#DonaldTrump
#USPolitics
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Supreme Court Rules , Against SEC's Authority, to Impose Fines.
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
The SEC relies on administrative
law judges (ALJ) to make legal conclusions
in cases brought before the agency.
The Supreme Court's decision has the potential
to send ripples through dozens of agencies,
from labor rights to energy regulation.
The Court did exclude from its decision those
agencies dealing with federal benefits, while some
conservative justices wanted the ruling to go further.
The three liberal justices
in dissent blasted the
decision by the majority. .
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
An in-house evidentiary hearing fined Jarkesy $300,000,
ordered him to pay back almost $700,000 in ill-gotten
profits and barred him from the securities industry.
Jarkesy argued that he was entitled to a jury trial
held in a federal court and that Congress lacked
the power to delegate such authority to the SEC.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk , Welcomes 12th Child.
Musk and Neuralink executive Shivon Zilis welcomed their third child together earlier this year, CBS News reports.
Musk recently confirmed the birth in a
'New York Post' interview but didn't
share the baby's name or sex.
He also addressed rumors
that the birth was a secret.
As for 'secretly fathered,'
that is also false. , Elon Musk, to the 'New York Post'.
All our friends and family know. Failure
to issue a press release, which would
be bizarre, does not mean 'secret.', Elon Musk, to the 'New York Post'.
Musk and Zilis also had twins in 2021,
months before the Tesla and SpaceX CEO
had a second child with Grimes.
Musk and Zilis also had twins in 2021,
months before the Tesla and SpaceX CEO
had a second child with Grimes.
He had a third child with Grimes in 2023.
In a 2022 tweet, Musk said that declining
birth rates represent "the biggest
danger civilization faces by far.".
He also said, "Doing my best to
help the underpopulation crisis.".
Many countries are already well
below replacement rate, and the
trend is that almost all will be. This is
simply a fact, not a 'debunked theory.', Elon Musk, to the 'New York Post'.
Musk also fathered six children with
Justine Wilson, although they lost their first child to Sudden Infant Death Syndrome (SIDS).
He was married to the
Canadian author from 2000 to 2008
Credit: Wibbitz Top Stories Duration: 01:30Published
The Shehbaz Sharif-led government in Pakistan has decided to ban the jailed former Prime Minister Imran Khan's Pakistan Tehreek-e-Insaf (PTI) party, the country's Information Minister announced on Monday. The PTI is Pakistan's largest opposition party. Attaullah Tarar, the Pakistani Minister for Information and Broadcasting, announced in a press conference that the decision to ban the PTI was made due to alleged anti-state activities. The case will be referred to the Supreme Court, according to Pakistani media.
#ImranKhan #PTIBan #ImranKhanPartyBan #PTIBanNews #ShehbazSharif #PakistanPolitics #PTI #PoliticalCrisis #PakistaniGovernment #ImranKhanJailed #PMLN #SupremeCourt #PoliticalTurmoil #PakistanNews #OppositionParty #PakistaniPolitics #PTIUnderFire
~HT.97~PR.152~ED.194~
The West Bengal government, led by Mamata Banerjee, has approached the Supreme Court against Governor CV Ananda Bose for stalling eight assembly-passed bills,.. IndiaTimes
The Supreme Court, led by Justice Khanna, rejected the Delhi Medical Association's plea for doctors' protection, asserting existing IPC laws suffice. Advocate.. IndiaTimes
Musk Threatens Ban , After Apple Announces , OpenAI Partnership.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
Reuters reports that Elon Musk has threatened to
ban Apple devices at his companies if the iPhone
producer goes forward with plans to integrate OpenAI.
That is an
unacceptable
security violation, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
And visitors will have to
check their Apple devices
at the door, where they will
be stored in a Faraday cage, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
On June 10, Apple announced a number of
new AI features to be introduced across
the company's apps and operating platforms. .
Apple also announced a new partnership
with OpenAI that will see ChatGPT technology
added to all of the company's devices.
According to Apple,
privacy was "at the core"
of its efforts to integrate AI.
It's patently absurd that
Apple isn't smart enough
to make their own AI, yet is
somehow capable of ensuring
that OpenAI will protect
your security & privacy!, Elon Musk, CEO of Tesla & SpaceX, via Reuters.
Previously, Musk sued OpenAI and its CEO Sam Altman
for abandoning the company's original mission to create
AI for the betterment of humanity rather than profit.
Previously, Musk sued OpenAI and its CEO Sam Altman
for abandoning the company's original mission to create
AI for the betterment of humanity rather than profit.
Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT.
Following the legal challenge, Musk started his own startup, xAI, to challenge OpenAI with an alternative to the popular chatbot ChatGPT.
Reuters reports that Musk's xAI has been
valued at $24 billion, after raising $6 billion in
series B funding during its last funding round
Credit: Wibbitz Top Stories Duration: 01:30Published
Hertz Sells Teslas for $25,000 , Amid EV Slump.
Hertz Sells Teslas for $25,000 , Amid EV Slump.
Hertz Global Holdings has been trying
to unload Teslas since January.
The move comes after Hertz
revealed plans to buy hundreds of
thousands of electric vehicles (EVs) in 2021.
Our EVs can be found nationwide
in most major metros and
averaging around $25,000, Hertz spokesperson, via email to CNBC.
The sale reflects the EV market's
waning pace of growth.
Even though sales of electric vehicles have "more than quadrupled from 2020 to 2023,".
automakers are currently more concerned about selling hybrids, CNBC reports. .
So if you've been eyeing a Tesla for a
while but waiting for a more manageable price, Hertz' sale may be your answer.
Hertz-certified vehicles undergo
a 115-point inspection and come with
a 12-month/12,000 mile warranty.
Some used EVs are also eligible for tax credits.
Used car expert Yossi Levi offered tips
for purchasing used electric vehicles.
The best bang for the buck
for consumers in the market today,
bar none, is the used electric vehicle.
And the best-value purchase
is likely a three-year-old EV, Yossi Levi, Car Dealership Guy, via CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Some Early Tesla Bulls , Are Ditching the Stock.
Reuters reports that Tesla's shares
are down about 30% this year.
Since 2021, shares have fallen
over 50%, causing the company to
lose $600 billion in market value. .
Q1 results fell short of analysts' expectations.
As a result, many of Tesla's
institutional shareholders are saying
goodbye to the stock, Reuters reports. .
Gabelli Funds sold all of
its 65,900 shares in Q1. .
It started to feel like the
fundamentals were becoming
detached from reality. , John Belton, a portfolio manager at Gabelli Funds, via NPR .
We think the stock works best when
there are auto company fundamentals
that justify the stock price, John Belton, a portfolio manager at Gabelli Funds, via NPR .
Ross Gerber of Gerber Kawasaki Wealth
& Investment Management has sold
about 200,000 Tesla shares this year. .
I think the story is over,
is the best way to say it, Ross Gerber of Gerber Kawasaki Wealth
& Investment Management, via NPR.
Over the last year and a half, Elon’s
personal quests based on the way that
he sees the world have superseded the
interests of Tesla and its shareholders, Ross Gerber of Gerber Kawasaki Wealth
& Investment Management, via NPR.
However, not all of Wall Street
has given up on the stock.
Five mutual funds tracked by Morningstar
increased their Tesla shares last quarter,
and 19 analysts have given Tesla a "buy" or "strong buy" rating, Reuters reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Tesla Recalls Vehicles , Over Faulty Seat Belt Warning System.
Over 125,000 Tesla vehicles are being recalled in the U.S., the National Highway Traffic Safety Administration (NHTSA) said on May 31.
The recall is due to a seat belt warning
system malfunction, NBC News reports. .
Some vehicles failed to flash
warning lights or make noise when a
driver didn't buckle up, the regulator said. .
The following vehicles
are affected by the recall:.
2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y. .
An over-the-air software update will be released by Tesla in June to fix the issue.
Tesla recalled another 200,000 vehicles in January over a software malfunction that could impede drivers' visibility when reversing.
Almost 4,000 Cybertrucks were also recalled in April over a faulty accelerator pedal pad.
Last month, auto safety regulators
launched an investigation to determine
whether Tesla's December recall of
over 2 million vehicles was adequate.
The recall was to implement new Autopilot safeguards following a string of crashes.
Credit: Wibbitz Top Stories Duration: 01:31Published
Lisa Kudrow says she's finally rewatching 'Friends' because of Matthew Perry. The actress has previously admitted that she couldn't bring herself to watch reruns of the beloved NBC sitcom, explaining she didn't want to risk not liking her work on the show. But in a recent interview with The Hollywood Reporter to promote her upcoming Apple TV+ series 'Time Bandits,' Kudrow revealed that she's begun to revisit old 'Friends' episodes, in large part to keep the memory of her late co-star Perry alive. Perry died October 28th, 2023, at age 54.
Credit: The Hollywood Reporter Duration: 01:26Published
Travis Kelce , Makes First Onstage Appearance With, Taylor Swift.
On June 23, at the fourth of eight London
Eras Tour shows, Taylor Swift brought her all-star
boyfriend, Travis Kelce, on stage for the first time.
On June 23, at the fourth of eight London
Eras Tour shows, Taylor Swift brought her all-star
boyfriend, Travis Kelce, on stage for the first time.
Kelce appeared on the diamond walkway
at Wembley Stadium for his first-ever
onstage appearance with Swift.
Kelce appeared on the diamond walkway
at Wembley Stadium for his first-ever
onstage appearance with Swift.
Kelce performed alongside Swift for the intro
of 'I Can Do It With a Broken Heart' in the
new 'Tortured Poets' era of the show.
Normally, for the final transition of the show,
Swift is accompanied by two male dancers
who carry her to a heart-shaped couch. .
NBC reports that Kelce appeared in full
costume and showed off both his acting
and dancing skills while on stage.
The upbeat track from Swift's latest album
is reportedly about the wildly successful
Eras Tour and her breakup with
longtime partner Joe Alwyn in 2023. .
The upbeat track from Swift's latest album
is reportedly about the wildly successful
Eras Tour and her breakup with
longtime partner Joe Alwyn in 2023. .
The pair's high-profile relationship
has been going on for almost a year,
beginning with rumors last summer.
In September, the couple went public
with their relationships at a Kansas City
Chiefs game against the Chicago Bears.
According to NBC, Kelce had
already attended a number of
Swift's London Eras shows. .
Earlier this week, Swift posted a picture to Instagram of
her and Kelce with Prince William, Prince George and
Princess Charlotte, who also attended the June 20 show.
Earlier this week, Swift posted a picture to Instagram of
her and Kelce with Prince William, Prince George and
Princess Charlotte, who also attended the June 20 show
Credit: Wibbitz Top Stories Duration: 01:31Published
Supreme Court Rejects , Challenge to Tax Law on, Foreign Investments.
On June 20, the Supreme Court upheld a tax on foreign
corporate investments enacted by a Republican-controlled
Congress under former President Donald Trump.
On June 20, the Supreme Court upheld a tax on foreign
corporate investments enacted by a Republican-controlled
Congress under former President Donald Trump.
NBC reports that the case had attracted scrutiny when
conservative Justice Samuel Alito refused to recuse
himself despite ties with one of the challenging lawyers.
The case revolved around whether an individual can be
forced to pay taxes on investments in foreign-owned
companies regardless of if they were a source of income.
The case revolved around whether an individual can be
forced to pay taxes on investments in foreign-owned
companies regardless of if they were a source of income.
According to the 16th Amendment
of the Constitution, Congress has the
power to "collect taxes on incomes.".
In the case, Charles and Kathleen Moore claim they were
unfairly taxed on their $40,000 investment in an
India-based company called KisanKraft Machine Tools. .
While the company made a profit, the Moores
claim that they received no dividends and that
the money was reinvested in the business.
As a result, the Moores did not pay taxes between
2006 and 2017 on what the U.S. government later
defined as income from their investment. .
Due to a provision that was part of a major tax law
enacted by former President Donald Trump in 2017,
the Moores paid $15,000 in additional taxes.
They later sought a refund for that payment,
arguing that they had been unlawfully taxed
based on an increase in the value of a capital
investment not qualifying as income.
The couple's challenge was rejected
by the Supreme Court 7-2
Credit: Wibbitz Top Stories Duration: 01:30Published
Surgeon General Wants, Social Media to Include , Warning of Mental Health Risks.
On June 17, Surgeon General Vivek Murthy
called on Congress to require social media
platforms to give users a tobacco-style warning. .
On June 17, Surgeon General Vivek Murthy
called on Congress to require social media
platforms to give users a tobacco-style warning. .
NBC reports that Murthy warned that the
mental health crisis among young Americans
has become an urgent problem, citing social
media as "an important contributor.".
NBC reports that Murthy warned that the
mental health crisis among young Americans
has become an urgent problem, citing social
media as "an important contributor.".
According to Murthy, the warning would include
language that alerts users to potential mental health
harms associated with using social media.
A surgeon general’s
warning label, which requires
congressional action, would
regularly remind parents and
adolescents that social media
has not been proved safe, Vivek Murthy, U.S. Surgeon General, via NBC.
Evidence from tobacco labels
shows that surgeon general’s
warnings can increase
awareness and change behavior, Vivek Murthy, U.S. Surgeon General, via NBC.
Murthy reportedly went on to
acknowledge that a warning alone has
limitations and fails to make social media safe.
In an op-ed published in 'The New York Times,'
Murthy linked the amount of time spent using
social media with an increased risk for children
to develop anxiety and depression.
In an op-ed published in 'The New York Times,'
Murthy linked the amount of time spent using
social media with an increased risk for children
to develop anxiety and depression.
According to the American Psychological Association,
teens spend around five hours a day on popular
platforms like Instagram, TikTok and YouTube. .
In his 'NYT' op-ed, Murthy called on all social media
platforms to "proactively enhance and contribute to
the mental health and well-being of our children.".
One 2019 study found that the number of teens with suicidal thoughts increased 47% between 2008 and
2017, a period which also saw social media use soar.
Credit: Wibbitz Top Stories Duration: 01:31Published
Jelly Roll Calls Duet With Eminem , the ‘Coolest Moment’ of His Career to Date.
Jelly Roll performed a surprise duet
with Eminem on NBC's 'Live From Detroit:
The Concert at Michigan Central.'.
Jelly Roll performed a surprise duet
with Eminem on NBC's 'Live From Detroit:
The Concert at Michigan Central.'.
In an interview with 'Entertainment Tonight'
on June 10, the singer shared how elated he was.
When I think about coolest moments
of my career, right now at the top,
there has to be this thing that I got
to go sing with Eminem in Detroit, Jelly Roll, to 'Entertainment Tonight'.
I got to sing ‘Sing for the Moment’
with him, which is a record where
he sampled Steven Tyler. , Jelly Roll, to 'Entertainment Tonight'.
I mean, just what an incredible
night and I got to go do it
in Detroit. It was unreal. , Jelly Roll, to 'Entertainment Tonight'.
Jelly Roll went on to reveal that Eminem was the one who reached out to him to perform. .
Em reached out, his team reached
out and said, ‘Would you be interested
in doing this since he was already
there doing the secret tribute?', Jelly Roll, to 'Entertainment Tonight'.
I couldn’t believe it. I thought it was
a joke until I met Eminem himself …
As soon as I met Eminem, it was like
the coolest moment ever, man, Jelly Roll, to 'Entertainment Tonight'.
I was giddy, like a child.
You could see it all over my
performance. Just the kid in me. , Jelly Roll, to 'Entertainment Tonight'.
Jelly Roll is currently working on his new album, a follow-up to 2023's 'Whitsitt Chapel.'.
I have been drowning in this album. I’ve
never wrote more songs. I’ve never took
it more serious and I’m probably gonna
release more music this year than I’ve
ever released in a year of my career. , Jelly Roll, to 'Entertainment Tonight'
Credit: Wibbitz Top Stories Duration: 01:31Published
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