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
The Kardashian empire is expanding ... with Khloe Kardashian prepping her very own podcast, powered by Elon Musk's X. The reality star revealed she's signed a.. TMZ.com
Elon Musk doesn't want to end up like John Lennon ... and he's paranoid one of his fans will try to kill him, just like the slain Beatles singer. The Tesla.. TMZ.com
‘Multiple People’ May Be Charged , in Matthew Perry’s Death.
On June 25, 'People' was informed by a law enforcement
source that the investigation into Perry's untimely death
was "nearing its conclusion," 'New York Post' reports. .
The source went on to say that "multiple people" may be charged in connection with Perry's death.
The U.S. Attorney's Office will reportedly decide whether to press charges against those individuals. .
Perry was found dead at his
home in Los Angeles on Oct. 28.
Perry was found dead at his
home in Los Angeles on Oct. 28.
He was 54 years old. .
His death, which was ruled accidental, was
confirmed to be caused by the effects of ketamine.
According to an autopsy report, the 'Friends' actor had 3.54 micrograms per milliliter of ketamine in his bloodstream.
That's almost three times the typical amount a person would normally use, 'New York Post' reports. .
In his 2022 memoir,
'Friends, Lovers and the Big Terrible Thing,' Perry described ketamine as a "giant exhale.".
‘Oh,’ I thought, ‘This is what happens when
you die.’ Yet I would continually sign up for
this s--- because it was something different,
and anything different is good, Matthew Perry, via 'Friends, Lovers and the Big Terrible Thing'.
Other factors contributing to Perry's death included drowning, coronary artery disease and the effects of buprenorphine.
Local police and the DEA launched an investigation in May to determine where Perry got the ketamine that led to his death.
Credit: Wibbitz Top Stories Duration: 01:31Published
Drinking Coffee While Pregnant , May Make Your Kids Shorter, Study Suggests.
The study was published by the
'Journal of the American Medical Association.'.
2,500 children between the ages of 4 and 8 were surveyed around the country.
Instead of relying on mothers to accurately report their coffee consumption as with previous studies.
blood samples were used to find exact caffeine and paraxanthine levels.
Researchers found that drinking half a cup of coffee each day while pregnant may make your child an inch shorter by the time they enter elementary school.
Researchers found that drinking half a cup of coffee each day while pregnant may make your child an inch shorter by the time they enter elementary school.
Though the clinical implications of an approximately 2-cm height difference are unclear, our findings for height are similar in magnitude to those of children whose mothers smoked during pregnancy, Study researchers, via 'New York Post'.
We consistently observed shorter height, which has been associated with increased risk of multiple cardiometabolic diseases in both pregnant and nonpregnant individuals, Study researchers, via 'New York Post'.
It is important to determine whether in utero caffeine exposure has long-term growth implications in offspring, Study researchers, via 'New York Post'.
'New York Post' reports that previous studies have also linked a lower birth weight to moderate coffee consumption while pregnant
Credit: Wibbitz Top Stories Duration: 01:29Published
iPhone iOS 17.5 Update , Causes Users’ Deleted Photos to Reappear.
Apple's latest iOS update is making years-long deleted photos resurface on customers' phones, and it's freaking them out.
In particular, many users were shocked to see sensitive photographs, such as nudes, reappear
on their phones, 'New York Post' reports. .
I went to send a picture and saw that
the latest pictures were [not safe for
work] material we’d made years ago
when we were living apart, Apple product user, via Reddit.
But WTF. It was permanently deleted.
Years ago but magically it’s back??
I checked my iPad and it also has pictures (some art work I did
years ago). I feel so uncomfortable, Apple product user, via Reddit.
Other users referred to the issue as
"the worst software experience ever.".
These just came out of nowhere
this has to be the worst software
experience ever. I thought Apple
had a solid OS, ever since
iOS 16 it's been shambles. , Apple product user, via X.
Another person said that
25 previously-deleted voicemails also
reappeared on their phone, 'New York Post' reports. .
The reports could be down to an
indexing bug, photo library corruption,
or a syncing issue between local
devices and iCloud Photos, Via MacRumors.
Another possibility is that in
attempting to fix a photo syncing
bug that occurred in iOS 17.3,
Apple has inadvertently caused
a new syncing issue to occur that
may involve iCloud backups, Via MacRumors
Credit: Wibbitz Top Stories Duration: 01:30Published
Ex-Employees Sue Elon Musk and SpaceX , Over Illegal Firings.
The lawsuit was filed on June 12, CNN reports.
Eight former employees allege that they were illegally terminated for speaking out about gender discrimination and harassment at SpaceX.
The lawsuit claims that Musks desires to be
"the leader to a brave new world of space
travel, but runs his company in the dark ages —".
... "treating women as sexual objects to be evaluated on their bra size, bombarding
the workplace with lewd sexual banter," .
... "and offering the reprise to those
who challenge the ‘Animal House’ environment that if they don’t like it they
can seek employment elsewhere.".
In 2022, the eight former employees wrote an open letter, which was signed by 400 other employees.
calling out Musk and urging company executives to make SpaceX more inclusive.
The eight employees were fired shortly
after the letter was released.
The suit alleges that "Musk personally
ordered the Plaintiffs' terminations.".
Tom Moline, a plaintiff in the
lawsuit, once told CNN...
... that SpaceX utilized an , "‘ends justifies the means’ philosophy to turn a blind
eye to the ongoing mistreatment, harassment, and abuse
reported by my colleagues, much of which was directly encouraged and inspired by the words and actions of the CEO.”.
The lawsuit seeks monetary damages for
"lost wages, earnings, and other employee benefits, emotional distress."
Credit: Wibbitz Top Stories Duration: 01:31Published
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
![Supreme Court Rules Against SEC's Authority to Impose Fines [Video]](https://video.newsserve.net/300/v/20240627/1379804990-Supreme-Court-Rules-Against-SEC-Authority-to.jpg)
![‘Multiple People’ May Be Charged in Matthew Perry’s Death [Video]](https://video.newsserve.net/300/v/20240626/1379692734-Multiple-People-May-Be-Charged-in-Matthew-Perry.jpg)
![Drinking Coffee While Pregnant May Make Your Kids Shorter, Study Suggests [Video]](https://video.newsserve.net/300/v/20240528/1376748702-Drinking-Coffee-While-Pregnant-May-Make-Your-Kids.jpg)
![iPhone iOS 17.5 Update Causes Users’ Deleted Photos to Reappear [Video]](https://video.newsserve.net/300/v/20240517/1375742904-iPhone-iOS-17-Update-Causes-Users-Deleted.jpg)
![NASA launches final SpaceX weather satellite into orbit [Video]](https://video.newsserve.net/300/v/20240626/1379638882-NASA-launches-final-SpaceX-weather-satellite-into-orbit.jpg)
![Ex-Employees Sue Elon Musk and SpaceX Over Illegal Firings [Video]](https://video.newsserve.net/300/v/20240613/1378472912-Ex-Employees-Sue-Elon-Musk-and-SpaceX-Over.jpg)
![Musk Threatens Ban After Apple Announces OpenAI Partnership [Video]](https://video.newsserve.net/300/v/20240611/1378264496-Musk-Threatens-Ban-After-Apple-Announces-OpenAI-Partnership.jpg)
![Hertz Sells Teslas for $25,000 Amid EV Slump [Video]](https://video.newsserve.net/300/v/20240607/1377778116-Hertz-Sells-Teslas-for-25-000-Amid-EV.jpg)
![Some Early Tesla Bulls Are Ditching the Stock [Video]](https://video.newsserve.net/300/v/20240605/1377501868-Some-Early-Tesla-Bulls-Are-Ditching-the-Stock.jpg)
