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A frost advisory in effect for Rockbridge Region

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A frost advisory in effect for Rockbridge Region

ANDREW ROSS SORKIN


The question CNBC’s Andrew Ross Sorkin asks himself ‘100 times a day’ to be more successful

'Squawk Box' co-anchor Andrew Ross Sorkin shares some of his best tips for success.

cnbc.com

Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet

Despite Amazon's mixed fourth-quarter earnings report, analysts were encouraged by the company's potential for long-term growth and efforts to tame expenses.

cnbc.com

Pete Buttigieg: EV incentives needed or 'warming happens just a little quicker and a few more people die'

Pete Buttigieg insisted on Wednesday that electric vehicles be "quickly mainstreamed" because lower-income families would benefit from them the most.

foxnews.com

Former FTX spokesman Kevin O'Leary defends endorsement of Bankman-Fried's crypto firm

Kevin O'Leary appeared on CNBC's Squawk Box to address his Senate testimony and his sponsorship deal with FTX, trading barbs with CNBC's anchors.

cnbc.com

Sam Bankman-Fried, former CEO of FTX, says ‘we messed up big’

Bankman-Fried said he little idea what was going on at the company he founded.

washingtonpost.com

Ex-FTX CEO says he didn't 'knowingly' misuse clients' funds

The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly” misuse customers' funds.

FTX CEO Sam Bankman-Fried denies he was trying to buy influence with donations to news outlets

Sam Bankman-Fried, the disgraced founder and CEO of the bankrupt crypto company FTX, was asked about his donations to news outlets at The New York Times' DealBook Summit.

foxnews.com

'I didn't ever try to commit fraud on anyone,' former FTX CEO Sam Bankman-Fried says

Former FTX CEO Sam Bankman-Fried sat down with CNBC's Andrew Ross Sorkin at the Dealbook Summit, discussing the collapse of FTX.

cnbc.com

Mark Zuckerberg says Apple's App Store policies are not 'sustainable or good place to be'

At the DealBook Summit on Wednesday, Meta CEO Mark Zuckerberg spoke critically of Apple's App Store policies.

cnbc.com

Vivek Ramaswamy duels CNBC anchor over censorship: Government deciding what is true is a threat to democracy

Vivek Ramaswamy appeared on CNBC's "Squawk Box" Thursday morning to discuss a variety of topics, including content moderation policies on Twitter.

foxnews.com

Man In Underwear Interrupts CNBC Stock Segment Because... Live TV

Finance expert Karen Firestone had an unexpected co-star in her "Squawk Box" interview with Andrew Ross Sorkin.

news.yahoo.com

Barry Diller denies insider trading on Microsoft, Activision deal as DOJ and SEC investigate him and Geffen

Barry Diller, David Geffen and Alex von Furstenberg made large bets on Activision Blizzard stock options before an announced purchase by Microsoft

cnbc.com

Lobbyists shielded carried interest from Biden's tax hikes, top White House economist says

Jared Bernstein said lobbyists on Capitol Hill protected the carried interest loophole from being included in Biden's tax hikes.

cnbc.com

SoftBank says new Latin America fund has at least $3 billion to invest in regional start-ups

SoftBank and others are racing to invest in Latin America, which is home to several fast-growing financial service companies.

cnbc.com

SoftBank’s Masayoshi Son says he's not worried Big Tech power will crowd out start-ups

"Those big companies, of course, have to behave within the reasonable range, but they are reasonable companies," SoftBank CEO Masayoshi Son told CNBC.

cnbc.com

SoftBank's Masayoshi Son says he expects even more massive returns from his Vision Fund portfolio

"I want to create an ecosystem... where we would have multiple companies going for IPOs," Masa Son said of the Vision Fund.

cnbc.com

How Dr. Scott Gottlieb protects his young kids on playdates before they can get Covid shots

Dr. Scott Gottlieb on Monday explained how he's trying to keep his three young daughters safe from Covid before their age groups can get vaccinated.

cnbc.com

Anthony Scaramucci says it's not too late to buy bitcoin — just look at Amazon's run since 2009

SkyBridge Capital founder Anthony Scaramucci believes bitcoin can move even higher over the long term and become a less volatile asset as adoption picks up. Amazon shares have surged more than 3,600% from the company's IPO in May 1997 to May 2009. Bitcoin's value by market cap has nearly doubled this year alone, according to CoinDesk data. In 2018, however, bitcoin lost about 80% of its value in what's now known as the "crypto winter." Scaramucci, whose firm has a bitcoin fund, said the currency is still in a "transitory period," like Amazon shares years ago.

cnbc.com

Ken Griffin says he doesn't see the 'economic underpinning' of cryptocurrencies

Ken Griffin, who runs a sprawling Wall Street empire that includes market-making operations and a hedge fund, was dismissive of cryptocurrencies on Friday even as some see the emerging asset as the future of finance. "I don't see the economic underpinning of cryptocurrencies. Employees and customers of major Wall Street banks are also pushing for greater involvement in cryptocurrencies. Griffin also founded a hedge fund named Citadel. The Citadel hedge fund also made an investment in January in Melvin Capital, one of the funds hit hardest by GameStop's rapid rise.

cnbc.com

Trump probably should be allowed back on social media, Bill Gates says

Billionaire philanthropist Bill Gates told CNBC that social media companies should eventually take their muzzles off former President Donald Trump, despite his "corrosive" election fraud conspiracy theories. "I think at some point he probably will be allowed back on and probably should be allowed back on," the Microsoft co-founder said in an interview that aired Thursday morning. CNBC "Squawk Box" co-host Andrew Ross Sorkin had asked Gates whether he would let Trump back on social media if he were on Facebook's oversight board. And how corrosive that is," said Gates, who also has criticized the Trump administration's handling of the coronavirus pandemic. With social media unavailable to him, Trump has issued fewer statements since leaving the White House on Jan. 20.

cnbc.com

Robinhood CEO: Tapping credit lines proactive, not a sign of cash crunch in GameStop frenzy

Robinhood's decision to tap into its bank credit lines during the Reddit-sparked trading frenzy was done proactively, the CEO of the brokerage app, Vlad Tenev, told CNBC's Andrew Ross Sorkin. The news of Robinhood drawing on its bank credit lines, worth hundreds of millions of dollars, came after the broker on Thursday restricted users' ability to buy 13 securities, including shares of GameStop and AMC Entertainment. "By drawing on our credit lines, which we do all the time, as part of normal day-to-day operation, we get more capital that we can deposit with the clearinghouses. Many of those restricted stocks suffered major losses Thursday, with GameStop tanking more than 40% and AMC falling more than 55%. Robinhood received fierce backlash for implementing trading limits from both customers and a bipartisan group of lawmakers in Washington.

cnbc.com

Robinhood raises $1 billion and taps credit lines to make trading of GameStop available to customers

Robinhood CEO Vlad Tenev told CNBC that tapping the credit lines was a proactive measure and denied it was because of a liquidity issue. Shares of the popular retail trading names all rose in premarket trading on Friday in anticipation of Robinhood easing some restrictions. Amid a wild week of speculative retail trading, Robinhood earlier Thursday limited trading in 13 equities, including GameStop and AMC Entertainment. Robinhood has experienced unprecedented high volume of trading this week as Reddit-reading retail traders attempt a takeover of certain highly shorted stocks. The $1 billion raised came from previous venture capital investors in Robinhood, including Sequoia, and the credit lines are from banks including JPMorgan and Goldman Sachs.

cnbc.com

Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position

Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, the hedge fund's manager told CNBC's Andrew Ross Sorkin. GameStop, hedge funds' most-hated stock, was targeted by an army of retail investors who marshaled forces against short sellers in online chat rooms. CNBC could not confirm the amount of losses Melvin Capital took on the short position. Citadel and Point72 have infused close to $3 billion into Gabe Plotkin's hedge fund to shore up its finances. GameStop was the single most traded name in the U.S. stock market on Tuesday, topping Tesla and Apple, even though they are 81 and 233 times larger in market cap terms, according to Deutsche Bank strategist Jim Reid.

cnbc.com

Heated on-air CNBC exchange between Sorkin and Santelli mirrors national debate over Covid lockdowns

"Squawk Box" co-host Andrew Ross Sorkin and CNBC bond maven Rick Santelli engaged in a heated on-air debate Friday over coronavirus restrictions, a back-and-forth that mirrored the ongoing divide among many Americans throughout the pandemic and the derisiveness of the presidential race. The intense disagreement over lockdowns between Sorkin and Santelli, which was also a central theme in the November election, came after the release of a weaker-than-expected November jobs report. The slowest pace of nonfarm payrolls growth since April coincided with a sharp rise in coronavirus cases and hospitalizations across the country, which led many governors and other local officials to reimpose virus mitigation measures. "Five hundred people in a Lowe's aren't any safer than 150 people in a restaurant that holds 600. Both cases and deaths in the U.S. account for about a fifth of the world's totals.

cnbc.com

Jamie Dimon lashes out at 'childish behavior' from Congress amid deadlock over coronavirus relief

JPMorgan Chase CEO Jamie Dimon criticized lawmakers for a monthslong deadlock over a second round of coronavirus relief to help unemployed Americans and struggling businesses as the pandemic deepens. Is it $2.2 trillion, $1.5 trillion?" Dimon said Wednesday, referring to competing visions for a relief bill from Democrats and Republicans, at The New York Times' DealBook conference. "You gotta be kidding me," Dimon told Andrew Ross Sorkin, who is a co-anchor of CNBC's "Squawk Box." Congress has so far failed to pass a second relief bill after key parts of the first law, the CARES Act, expired in July.

cnbc.com

Mark Zuckerberg says social networks should not be fact-checking political speech

Facebook CEO Mark Zuckerberg told CNBC he does not think social networks should be fact-checking what politicians post. "Political speech is one of the most sensitive parts in a democracy, and people should be able to see what politicians say." Although Facebook does use independent fact-checkers who review content on its social networks, the point of the fact-checkers is to "really catch the worst of the worst stuff," Zuckerberg said. "In terms of political speech, again, I think you want to give broad deference to the political process and political speech." Facebook announced in October that it would allow politicians to run ads on the social network, even if they include misinformation.

cnbc.com

WeWork reassures investors it has enough cash to weather coronavirus downturn

WeWork is telling investors it has enough cash on hand to execute its long-term plans and weather the near-term challenges posed by COVID-19. In a seven-slide deck for investors, WeWork said it had $4.4 billion in cash and cash equivalents as of the end of 2019. WeWork is the second SoftBank-backed company to reassure investors that its cash position will get it through an increasingly uncertain and volatile year. Last week, Uber told investors that it had enough cash and cash equivalents on its balance sheet to weather the impact of COVID-19 as ridesharing numbers plunge. WeWork's cash position at the end of 2019, at $4.4 billion, is less than half of what Uber had on hand.

cnbc.com

Palantir CEO Alex Karp defends his company's relationship with government agencies

Palantir CEO Alex Karp said he stands by his company's controversial work for the U.S. government, including Immigration and Customs Enforcement. Last March, Palantir won an $800 million contract to build an intelligence system to aid soldiers in remote environments. Karp, however, defends his company's public-private relationship. "It's commonly known that our software is used in an operational context at war," Karp said. "Do you really think a war fighter is going to trust a software company that pulls the plug because something becomes controversial with their life?

cnbc.com

Dimon says the only financial market bubble out there right now is in sovereign debt

J.P. Morgan Chase CEO Jamie Dimon said Wednesday the only financial market bubble he sees right now is in government red ink. At the World Economic Forum in Davos, Switzerland, CNBC's Andrew Ross Sorkin asked Dimon if he sees any frothy areas in the market. The total U.S. public debt outstanding stands above $23 trillion, with debt held by the public north of $17 trillion. If inflation unexpectedly shot higher, it could force central banks to hike interest rates to help cool down the economy. "Do you know anyone who's actually bought a negative interest rate bond?"

cnbc.com

Uber CEO: 'We are very, very, very different from WeWork'

Uber CEO Dara Khosrowshahi defended the ride-hailing company's business Wednesday as its stock continues to tumble and it faces growing investor skepticism around its massive losses. "We are very, very, very different from WeWork," Khosrowshahi said. On stage, Khosrowshahi acknowledged that Uber has felt the effects of a reckoning among public and private investors, wherein the "appetite for the unknown and high risk has gone down." He added that the core ride-hailing business essentially functions as Uber's version of Amazon Web Services, which has become a major profit engine for Amazon, and should help Uber achieve profitability. Uber stock fell 3.8% on Wednesday.

cnbc.com

Peloton's CEO, on IPO day, takes CNBC into livestreaming control room

Peloton Interactive CEO and co-founder John Foley told CNBC he sees his at-home fitness company as more than a maker of high-end stationary bikes and treadmills. Foley brought "Squawk Box" co-host Andrew Ross Sorkin into Peloton's livestreaming control room at Tread Studio in New York ahead of its stock market debut. In its S-1 initial public offering filing, Peloton said it is an "innovation company at the nexus of fitness, technology, and media." But from early on, Peloton's mission was to be more than just a bike maker or fitness-class provider, Foley told Sorkin. After talking with other companies about partnering on the fitness classes, Foley said Peloton determined it could "build more integrated experiences if we controlled the entire technology stack."

cnbc.com
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