SEC sues Elon Musk, accusing him of withholding info from Twitter investors
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
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The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
This comes just two years after Bitcoin's price dropped below $17,000 following the collapse of crypto exchange FTX.
OpenAI whistleblowers have filed a complaint with the Securities and Exchange Commission and asked the agency to investigate whether the company illegally restricted workers from speaking out about the risks of its artificial intelligence technology.
Audit firm BF Borgers allegedly failed to comply with accounting standards and fabricated audit documentation, regulators claim.
A judge has ordered Elon Musk to testify as part of the Securities and Exchange Commission's investigation into his $44 billion purchase of Twitter, now called X, in 2022.
Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker's partially automated driving systems, and they have issued subpoenas for information instead of simply requesting it.
Elon musk has wrapped up three days on the witness stand at the securities fraud trial unfolding in San Francisco. The trial is over a tweet the Tesla CEO sent claiming he had funds "secured" to take the automaker private. Wilson Walker reports. (1/24/23)
Cryptocurrencies are extremely volatile and the U.S Securities and Exchange Commission said Friday that the Santa Clara company did not disclose to investors in 2018 the potential future risks of such sales.
Tesla CEO Elon Musk is asking a federal judge to nullify a subpoena from securities regulators and throw out a 2018 court agreement in which Musk had to have someone pre-approve his posts on Twitter.
Tesla is under regulatory investigation after a whistleblower alleged the company failed to properly disclose fire risks associated with solar panel defects.
A former vice president at Silicon Valley Bank agreed to plead guilty Wednesday to two counts of securities fraud the same day charges were filed by both the U.S. Attorney's Office and the Securities and Exchange Commission.
San Mateo gaming company the Roblox Corporation got hit with a federal class action lawsuit Tuesday for allegedly cheating users through a "clever content deleting scheme."
A former Silicon Valley information technology manager pleaded guilty in federal court in San Jose Wednesday to a charge of conspiring to commit securities fraud through insider trading of the company's stock.
A federal judge has ordered Tesla CEO Elon Musk and U.S. securities regulators to meet for at least an hour to try and settle a dispute over Musk's tweets.
A federal judge will hear oral arguments Thursday about whether Tesla CEO Elon Musk should be held in contempt of court.
Securities regulators countered Tesla CEO Elon Musk's contempt-of-court defense Monday night, writing in court papers that he brazenly disregarded a federal judge's order.
The clock is ticking down on Elon Musk's deadline to explain why he shouldn't be held in contempt of court.
Elon Musk, CEO of Bay Area based Tesla, has until March 11 to explain to a federal judge in New York why he shouldn't be held in contempt of court.
Bay Area-based Tesla CEO Elon Musk told "60 Minutes" he doesn't respect the Securities and Exchange Commission, but says he's only abiding by the terms of a settlement he made with the SEC because "I respect the justice system."
San Francisco-based Lyft is another step closer to becoming a publicly traded company.
Securities investigators have subpoenaed information from Tesla about production forecasts for the Model 3 electric car that were made last year.
Elon Musk will buy another $20 million of Tesla stock with his own money, covering the cost of the fine the company has to pay for his tweets.
Elon Musk taunted the Securities and Exchange Commission on Twitter Thursday shortly after he reached a deal with the agency to settle a lawsuit over his prior tweets.
Tesla CEO Elon Musk and the federal regulator that settled his fraud case just got some homework.
Investors are cheering Tesla's deal with the SEC that keeps Elon Musk as CEO.
The summit's themes include AI and the future of learning, as well as the impact of tech on youth mental health.
Ninety years ago, an Oakland library official recommended that a branch in a predominantly Black neighborhood be closed with the words, "This is not a reading neighborhood." Now, a new branch is being proposed to correct a historical wrong.
One attendee said she is almost done with her fellowship and is deciding whether to remain on the East Coast or begin a new chapter in the Bay Area.
An attorney who helped write San Francisco's sanctuary policies and state laws limiting local cooperation with federal immigration enforcement says she believes the video shows officers actively helping ICE.
A person was barricaded inside a residence in San Francisco's Tenderloin neighborhood on Tuesday afternoon in a standoff with officers, police said.
The summit's themes include AI and the future of learning, as well as the impact of tech on youth mental health.
Ninety years ago, an Oakland library official recommended that a branch in a predominantly Black neighborhood be closed with the words, "This is not a reading neighborhood." Now, a new branch is being proposed to correct a historical wrong.
One attendee said she is almost done with her fellowship and is deciding whether to remain on the East Coast or begin a new chapter in the Bay Area.
An attorney who helped write San Francisco's sanctuary policies and state laws limiting local cooperation with federal immigration enforcement says she believes the video shows officers actively helping ICE.
A person was barricaded inside a residence in San Francisco's Tenderloin neighborhood on Tuesday afternoon in a standoff with officers, police said.
The summit's themes include AI and the future of learning, as well as the impact of tech on youth mental health.
One attendee said she is almost done with her fellowship and is deciding whether to remain on the East Coast or begin a new chapter in the Bay Area.
An attorney who helped write San Francisco's sanctuary policies and state laws limiting local cooperation with federal immigration enforcement says she believes the video shows officers actively helping ICE.
A person was barricaded inside a residence in San Francisco's Tenderloin neighborhood on Tuesday afternoon in a standoff with officers, police said.
A man suspected in an attack that injured two people in San Francisco last month has turned himself in to authorities, police said Tuesday.
Ninety years ago, an Oakland library official recommended that a branch in a predominantly Black neighborhood be closed with the words, "This is not a reading neighborhood." Now, a new branch is being proposed to correct a historical wrong.
Lafayette police said the suspect is from Chico, which is about 151 miles north of Lafayette. An investigation into a motive is ongoing, but the Contra Costa County District Attorney's Office believes the killing was a targeted act.
Arizona State has lured Randy Bennett away from Saint Mary's to become its next men's basketball coach.
With months to go before the midterm election, UC Berkeley Professor Eric Schickler has analyzed a newly released campus poll that reveals promising signs for proponents of the proposed tax on billionaires.
Through his social media channel, "Festus Feasts," NBA champion Festus Ezeli is on a mission to give a boost to local restaurants throughout the region.
A suspect in the shooting death of two people in Downtown San Jose last month surrendered to police and was charged with manslaughter, police said.
The caretaker of a 40-year-old San Jose man with developmental disabilities who died of neglect was arrested on a homicide charge last week, police said.
Authorities in Monterey County located two toddlers who were reported missing after they left their rural home Monday morning.
A San Jose man has been arrested on suspicion of murder after he allegedly shot his wife inside their home, police said.
A California Highway Patrol helicopter was brought in to rescue a hiker suffering from heat exhaustion at Big Sur over the weekend.
The prep work will take about a year, with actual construction beginning next spring. The $270 million in funding for the extension is already in place, and SMART expects to be pulling into the old Healdsburg station sometime in late 2028.
Sonoma County sheriff's deputies have made an arrest after a woman died following an attack inside a mobile home near Santa Rosa Wednesday evening.
The county says once funding is completed, construction could begin as soon as this fall, with completion sometime in 2028.
Marcus Ziemer, part of a Bay Area soccer coaching dynasty and longtime Sonoma State University men's soccer team head coach, died in Germany after a weekend accident.
In downtown Santa Rosa, shady spots with a place to sit and rest were commodities. But it was a quiet day for many businesses.
The San Francisco Giants and left-hander Ryan Borucki have agreed to a $1.5 million, one-year contract.
Golden State coach Steve Kerr says Stephen Curry will be available for the play-in tournament if his ailing right knee allows.
Moses Moody scored 23 points before crumpling to the floor with an apparently serious left knee injury late in overtime as the Golden State Warriors beat Dallas 137-131.
It was a packed house at Sutter Health Park for the fifth battle between the Sacramento River Cats and the San Francisco Giants.
Stephen Curry will begin participating in full team practices in the coming days as he works back from a right knee injury that forced the Golden State Warriors star to miss his 21st straight game at Atlanta.
Lafayette police said the suspect is from Chico, which is about 151 miles north of Lafayette. An investigation into a motive is ongoing, but the Contra Costa County District Attorney's Office believes the killing was a targeted act.
A suspect in the shooting death of two people in Downtown San Jose last month surrendered to police and was charged with manslaughter, police said.
A man suspected in an attack that injured two people in San Francisco last month has turned himself in to authorities, police said Tuesday.
Leaders in the community of Foster City declared a state of emergency as a cyberattack continues to hold the city's network hostage.
The caretaker of a 40-year-old San Jose man with developmental disabilities who died of neglect was arrested on a homicide charge last week, police said.
The summit's themes include AI and the future of learning, as well as the impact of tech on youth mental health.
One attendee said she is almost done with her fellowship and is deciding whether to remain on the East Coast or begin a new chapter in the Bay Area.
OpenAI said Tuesday that it will discontinue the company's Sora app, which let users create AI-generated videos.
Leaders in the community of Foster City declared a state of emergency as a cyberattack continues to hold the city's network hostage.
Polymarket tightened its rules after questions surfaced over whether some prediction market customers engaged in insider trading.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
The early-season heat wave gripping the Bay Area also means the allergy season is already kicking into high gear.
He advises people to lie down, extend their arms, and hold the phones above their heads, or people should hold their phone at eye level, rather than looking down.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The city said there was no evidence of community-spread or of an outbreak, and that the health advisory was issued to give health care providers guidance.
An attorney who helped write San Francisco's sanctuary policies and state laws limiting local cooperation with federal immigration enforcement says she believes the video shows officers actively helping ICE.
A command element and some ground forces are expected to be part of the Middle East deployment, according to a source familiar with the planning.
Leaders in the community of Foster City declared a state of emergency as a cyberattack continues to hold the city's network hostage.
Delta is temporarily halting specialty services for members of Congress, citing strain on its resources during the partial government shutdown.
In an on-going overhaul of NASA's Artemis program, agency officials say it will take seven years to build a sophisticated base on the moon.
A man has been arrested and accused of a hate crime after a San Francisco church was vandalized over the weekend, police said.
A Yosemite park ranger was fired last year after helping to display a transgender pride flag from El Capitan.
After more than two years of renovations, the historic Castro Theatre is back open for business.
A large Pride flag has been removed from the Stonewall National Monument in Greenwich Village. The National Park Service said it did so under guidance from the federal government.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Through his social media channel, "Festus Feasts," NBA champion Festus Ezeli is on a mission to give a boost to local restaurants throughout the region.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Illuminate, the nonprofit hosting the event, said founder Ben Davis, and the artist behind The Bay Lights, Leo Villareal, will be in attendance and speak ahead of the grand relighting.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Sooji Nam reports on the Common Sense Summit on Kids and Families.
John Ramos reports on a push for a new library branch in Oakland.
Brad Hamilton reports on the RSAC conference.
Kenny Choi reports San Francisco police facing scrutiny over their actions during an immigration detainment at SFO.
Meteorologist Zoe Mintz says a cooldown is coming, along with chances of rain.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.