CNN — When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those … Read more
Hong Kong/London CNN — UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of completing the bank’s emergency takeover of rival Credit Suisse (CS). The surprise appointment, announced Wednesday, highlights the scale of the challenge facing the Swiss lender as it executes a first-of-its-kind merger of … Read more
CNN — Indian opposition leader Rahul Gandhi said on Saturday he had been disqualified from parliament because he has been asking Prime Minister Narendra Modi tough questions about his relationship with Gautam Adani, founder of the Adani conglomerate. Modi’s Hindu nationalist Bharatiya Janata Party responded saying Gandhi had been punished under the law for a … Read more
New York CNN — Tesla CEO Elon Musk gave 11.5 million shares of his stake in the electric automaker to an undisclosed charity last year, shares worth about $1.9 billion at the time they were donated. The donation would make him the second largest charitable donor in 2022, according to a ranking of the Chronicle … Read more
CNN Business — Ramesh “Sunny” Balwani, the former chief operating officer of failed blood testing startup Theranos, was sentenced Wednesday to nearly 13 years in prison for fraud. It marks an end to the stunning downfall of a high-flying Silicon Valley company that resulted in the rare convictions of two tech executives. “There is an unfortunate saying in Silicon … Read more
Washington CNN Business — New Twitter owner Elon Musk declared last month that “hate speech impressions” had dramatically fallen on the platform since he took over. It was a remarkable claim, given that Musk has executed mass layoffs and chased away hundreds of employees, draining the company of much-needed resources to enforce content moderation policies, … Read more
Atlanta, Georgia CNN — Tosca Musk strides onto the red carpet at a Regal Cinemas, statuesque in a white pant suit and glistening burgundy silk top. A hush comes over a group gathered outside the theater’s doors. Some whip out cell phones and start recording her every move. It’s a chilly October night in Atlanta, … Read more
CNN — For four years, Lauren Sánchez has been quietly working behind the scenes to help Amazon founder, Jeff Bezos, strategically give away his vast wealth to a variety of causes. In their first sit-down interview as a couple at their sprawling Washington, D.C. home, Sánchez got candid about her philanthropic projects, space travel and … Read more
New York CNN Business — Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users wrote what they feared might be their last posts, offering apprehensive goodbyes and listing the other (more stable) social media platforms where they can still be found. They were reacting … Read more
CNN — Jimmy Fallon is asking Elon Musk to help put a stop to a disturbing trend on Twitter. “The Tonight Show” host asked the social media giant’s new CEO to take down the hashtag #RIPJimmyFallon that has been trending on the platform. Fallon tweeted, “Elon, can you fix this? #RIPJimmyFallon.” As of Wednesday morning, … Read more