Sam Bankman-Fried Loses Bid to Overturn Crypto Fraud Conviction

NEW YORK, June 12 (Reuters) – Sam ⁠Bankman-Fried ⁠lost on Friday his ⁠bid to overturn his fraud conviction and 25-year prison sentence ​over the collapse of the FTX cryptocurrency exchange he founded. The decision was handed ‌down by a three-judge panel ‌of the Manhattan-based 2nd U.S. Circuit Court of Appeals. Bankman-Fried, who had been ⁠one …

Read more

Iran state media details apparent deal in the works with U.S.

Iran state media details apparent deal in the works with U.S. – CBS News Watch CBS News Stock markets are feeling the whiplash from conflicting signals about progress toward a deal between Iran and the U.S. CBS News’ Ramy Inocencio outlines how the Iranian state media is currently characterizing the deal’s points.

Today’s News: SpaceX IPO, Trump’s Birthday and El Niño Season | National News

President Donald Trump’s birthday weekend is set to take over Washington, D.C., with large crowds and a full slate of programming expected, including a UFC event at the White House. At the same time, eyes will be on the U.S.-Iran conflict amid shifting signals from Trump and Tehran. Meanwhile, investors are watching SpaceX’s potential record-setting …

Read more

SpaceX set to begin trading after raising $75 billion in record IPO

SpaceX is set to begin trading Friday after completing the largest initial public offering in history, marking the long-awaited Wall Street debut of Elon Musk’s rocket and satellite company. SpaceX on Thursday priced its shares at $135 each, raising $75 billion to finance its ambitious plansincluding establishing a human colony on Mars and deploying solar-powered …

Read more

Behind the scenes of UFC Freedom 250

The White House is moving forward with this weekend’s UFC Freedom 250 despite a pending court challenge. The event on the White House South Lawn is intended to celebrate the U.S.’ 250th birthday. “CBS Mornings” got a behind-the-scenes look at preparations.