Tesla is being sued by the family of a driver who died in a 2023 collision, claiming that the company's "fraudulent misrepresentation" of its Autopilot technology was to blame. The Tesla driver, Genesis Giovanni Mendoza-Martinez, died in the crash involving a Model S sedan in Walnut Creek, California. His brother, Caleb, who had been a passenger at the time, was seriously injured. The Mendoza family sued Tesla in October in Contra Costa County, but in recent days Tesla had the case moved from state court to federal court in California's Northern District. The Independent first reported on the venue change. Plaintiffs generally face a higher burden of proof in federal court for fraud claims.
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CNBC reposted this
Oracle announced its fiscal, second-quarter earnings on Monday that missed on the top and bottom lines, which sent its shares falling in after-hour trading. The database giant also said that it signed up Meta as a customer, in which it will let the the social media giant access its cloud infrastructure to help with various projects related to the Llama family of large language models. Read more here on CNBC:
Oracle shares slide on earnings and revenue miss, disappointing forecast
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Insider trading cases are difficult to prove because of the legal gray area and the high threshold for proof regarding proof of intent.
Why insider trading is so difficult to stop
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CNBC's Jim Cramer on Monday reviewed several companies that surpassed $100 billion in market cap this year, noting that the names capture the "zeitgeist of the moment" on the market. "When you get this much money coming in, you can see how all these companies can reach $100 billion, creating a huge amount of wealth, at least on paper," he said. "One more reason why it wouldn't be so bad if some of the winning investors in this market took something delicious off the table." Cramer first mentioned AppLovin, an enterprise software company that is currently up nearly 760% year-to-date. Some investors think AppLovin could become an extremely successful e-commerce outfit as it does well advertising in the video game space, he said. Palantir has also seen enormous gains, currently up 322% year-to-date. According to Cramer, Wall Street loves this stock because it makes high-profile government deals, and some think it could reinvent the U.S. defense budget. Click here to download Jim
Jim Cramer reviews companies that cracked $100 billion in 2024
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The man considered a "strong person of interest" in the fatal shooting of UnitedHealthCare CEO Brian Thompson is a private-school valedictorian and tech whiz, who used social media to critique society. Luigi Mangione, 26, of Towson, Maryland, maintains several social media accounts, including a Goodreads profile he used to give the anti-technology manifesto penned by "Unabomber" Ted Kaczynski a four-out-of-five-star review. While Kaczynski was a "violent individual" and "rightfully imprisoned," his actions are "more accurately seen as those of an extreme political revolutionary," Mangione wrote.
UnitedHealthcare CEO killing: Luigi Mangione called Unabomber 'revolutionary'
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Oracle shares slid in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts' estimates. Find the numbers: cnb.cx/3ZvAab2
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Amazon's marketplace sellers will be able to bring their expense, inventory and tax data into Intuit QuickBooks through a new integration.
Amazon is bringing Intuit QuickBooks software to its millions of third-party sellers
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Oracle shares fell in extended trading after the database software company issued disappointing quarterly results.
Oracle shares slide on earnings and revenue miss
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Amazon has for years counted on millions of third-party sellers to provide the bulk of the inventory that consumers buy daily. But keeping track of their finances has long been a challenge for outside merchants, particularly smaller mom-and-pop shops. Amazon said on Monday that it's partnering with Intuit to bring the software company's online accounting tools to its vast network of sellers in mid-2025. Intuit QuickBooks will be available on Amazon Seller Central, the hub sellers use to manage their Amazon businesses, the companies said. Eligible sellers will also have access to loans through QuickBooks Capital. "Together with Intuit, we're working to equip our selling partners with additional financial tools and access to capital to help them scale efficiently," Dharmesh Mehta, Amazon's vice president of worldwide selling partner services, said in the joint release.
Amazon is bringing Intuit QuickBooks software to its millions of third-party sellers
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"When you get stocks that just go straight up and then up and then up some more, you have to wonder whether something really has changed," Cramer says.
I have not seen a stock market like this in 42 years. Here's why and how to approach it
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