A first generation iPhone going up for auction hopes to fetch $50,000

New York CNN — An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It … Read more

Robert Kraft tells CNN he wants Tom Brady to sign a one-day contract and retire as a New England Patriot

CNN — New England Patriots owner Robert Kraft told CNN on Thursday that he wants Tom Brady to sign a one-day contract and officially retire as a Patriot. “Not only do I want it, our fans are clamoring for it,” Kraft said. “To us, he is always has been and always will be a Patriot. … Read more

Prosecutors say Sam Bankman-Fried tried to obscure his crimes with Robinhood’s stock

CNN — Federal prosecutors said FTX founder Sam Bankman-Fried’s efforts to control about $500 million worth of Robinhood shares last year indicates steps the former crypto entrepreneur has taken to “obscure” his alleged crimes. Prosecutors have since seized the stock and other assets totaling more than $700 million after Bankman-Fried laid claim to the shares … Read more

Prosecutors say Sam Bankman-Fried’s contact with FTX’s ex-general counsel is “suggestive” of witness tampering

CNN — Federal prosecutors said FTX founder Sam Bankman-Fried contacted the former general counsel of the crypto trading platform earlier this month in a move they say may constitute witness tampering. A spokesperson for Bankman-Fried declined to comment. Prosecutors with the US attorney’s office for the Southern District of New York asked the judge to … Read more

FTX creditors include Goldman Sachs, New York Times and Netflix

New York CNN — Newly unsealed bankruptcy documents revealed thousands of creditors to whom FTX owes money after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named in the creditor list, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. FTX … Read more

Elon Musk meets with House Speaker Kevin McCarthy and Hakeem Jeffries

CNN — Twitter and Tesla CEO Elon Musk met with House Speaker Kevin McCarthy and Democratic leader Hakeem Jeffries at the US Capitol in Washington on Thursday evening. McCarthy, leaving the meeting with Musk in his office, declined to comment other than to say: “He came for my birthday.” The California Republican turned 58 on … Read more

Elon Musk meets with House Speaker Kevin McCarthy

CNN — Twitter and Tesla CEO Elon Musk met with House Speaker Kevin McCarthy at the US Capitol in Washington on Thursday evening, according to two sources familiar with the meeting. McCarthy, leaving the meeting with Musk in his office, declined to comment other than to say: “He came for my birthday.” McCarthy turned 58 … Read more

Madison Square Garden CEO doubles down on use of facial recognition tech

CNN — The chief executive of the Madison Square Garden Entertainment Corporation has doubled down on using facial recognition at its venues to bar lawyers suing the group from attending events. Speaking to Fox 5 on Thursday, MSG Executive Chairman and CEO James Dolan said Madison Square Garden is a private company and therefore entitled … Read more

BuzzFeed says it will use AI to help create content, stock jumps 150%

New York CNN — BuzzFeed said Thursday that it will work with ChatGPT creator OpenAI to use artificial intelligence to help create content for its audience, marking a milestone in how media companies implement the new technology into their businesses. Jonah Peretti, the company’s co-founder and chief executive, told employees in a memo that they … Read more

Rupert Murdoch abandons plan to recombine Fox and News Corp

New York CNN — Rupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his broadcasting and print publishing companies under one roof. The companies said in nearly identical press releases that they had received a letter from Murdoch indicating that both he, and his son Lachlan, … Read more