Short seller Andrew Left charged with fraud by prosecutors, SEC

Andrew Left, founder and CEO of Citron Research Adam Jeffery | CNBC Federal prosecutors have criminally charged the activist short seller and analyst Andrew Left with securities fraud related to allegedly using his public platform to illegally profit to the tune of at least $16 million from manipulating stock market activity contrary to positions he … Read more

The ultra-wealthy just gained $49 trillion in wealth thanks to stocks

People walk by the New York Stock Exchange (NYSE) on June 18, 2024 in New York City.  Spencer Platt | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your … Read more

How CrowdStrike IT outage is hitting global supply chain

Picture Alliance | Picture Alliance | Getty Images The CrowdStrike software bug that crashed Microsoft operating systems and caused the largest IT outage in history caused disruptions at U.S. and global ports, with highly complex air freight systems suffering the heaviest hit, according to logistics experts, as global airlines grounded flights. “Planes and cargo are … Read more

Massive Boat Gets Stuck In Tunnel Under Los Angeles Airport

A truck driver hauling a massive boat on Thursday managed to get it stuck in a tunnel near the Los Angeles International Airport, inconveniencing drivers, folks on their way to fly and boaters in a rare triple transportation threat. The boat was being towed on an oversized load carrier, so it seems the driver at … Read more

Actor Bill Cobbs dead at 90: Reports

(KTLA) – Seasoned character actor Bill Cobbs died on Tuesday in Riverside, California, multiple outlets reported. He had recently turned 90 years old. TMZ cited Cobbs’ publicist Chuck I. Jones as the source of the news that the Emmy Award winner had passed. The news was also confirmed by PEOPLE magazine. Cobbs’ brother, Thomas Cobbs, … Read more

Delta One JFK lounge opens. Here’s what’s inside

The bar at the Delta One lounge at New York’s John F. Kennedy International Airport. Leslie Josephs | CNBC Delta Air Lines’ most exclusive airport lounge opens this week to travelers flying on the right ticket. The Delta One lounge at the carrier’s hub in John F. Kennedy International Airport will open Wednesday to customers … Read more

These 5 US cities are among the most unaffordable in the world

(NewsNation) — Five U.S. cities are considered “impossibly unaffordable” when it comes to housing, placing them among the most expensive markets in the world, according to a new study. Researchers at Chapman University and the Frontier Centre for Public Policy in Canada analyzed 94 major cities in eight countries and determined San Jose, California is … Read more

LAUSD votes to ban student cellphone use

LOS ANGELES (NewsNation) — The Los Angeles Unified School District (LAUSD) Board of Education voted on Tuesday to ban cellphone use during the school day. The new rule will take effect in January 2025, though the Los Angeles Times reports that the details still need to be “approved in a future meeting by the Board … Read more

Cellphone ban OK’d by Los Angeles school board

The Los Angeles school board voted Tuesday to ban cell phones in classrooms, a trend that has been spreading to multiple districts across the U.S.   The move, approved by a 5-to-2 vote, makes the school district the largest yet to ban cell phones, with the board pointing to studies that show they distract students, … Read more