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 National Park Service is looking for a residential volunteer to help staff the historic Point Reyes Lighthouse this fall and winter, with free housing included.
Most major retail stores and grocery chains will remain open on Labor Day, while banks will close.
The average price of regular gas was $4.15 a gallon on Labor Day, well above the Labor Day weekend record of $3.82 from 2012, and diesel was at a new all-time record of $5.90.
Discover a city where innovation meets history. From historic missions to high-tech marvels, there's endless things to do for everyone.
An Amber Alert was issued across multiple California counties for a teenage girl and her father after their newborn was found dead last month, authorities said.
The National Park Service is looking for a residential volunteer to help staff the historic Point Reyes Lighthouse this fall and winter, with free housing included.
Most major retail stores and grocery chains will remain open on Labor Day, while banks will close.
An Amber Alert was issued across multiple California counties for a teenage girl and her father after their newborn was found dead last month, authorities said.
Two people from Solano County died in a crash on Interstate 80 near the Highway 113 interchange on Sunday, authorities said.
An Amazon cargo plane overran a runway at Miami International Airport and struck several vehicles, killing at least five people and injuring five others, officials said.
A mountain lion was spotted roaming around San Francisco's Panhandle, prompting animal control to respond to the area.
On this busy Labor Day weekend, visitors packed some of San Francisco's most recognizable destinations, from the Golden Gate Bridge and Fisherman's Wharf to Pier 39 and Chinatown.
A person was stabbed while trying to stop a would-be thief who had taken a tip jar from a Marina District business, a witness told CBS News Bay Area.
A San Francisco restaurant is offering more than double the minimum wage to lure the best dishwasher in the city.
A special exhibition honoring the legacy of the Grateful Dead opens in San Francisco's Golden Gate Park, which will include one of the most recognized symbols of the counterculture era of the early 60s.
The crash happened around 6:15 a.m. near Sand Creek Road and Shady Willow Lane.
A Richmond police officer was shot and injured after responding to a wellness check Thursday evening near the El Cerrito city limit.
A shooting at Pittsburg police headquarters on Thursday injured an officer and a suspect who brought a gun into a holding cell after not being properly searched, sources told CBS News Bay Area.
Authorities in the East Bay are searching for a suspected shooter after a driver in a pickup was shot on Interstate 80 on Tuesday night.
Fire burned three buildings in downtown Oakland adjacent to Interstate Highway 880 on Wednesday.
Eight people, including a teenager, were arrested this week in connection with a deadly shooting in downtown San Jose that took place near a FIFA World Cup watch party venue, police said.
A man riding an e-bike in San Jose early Thursday morning was struck and killed by a dump truck, police said.
A San Francisco Bay Area woman has been charged after police said she intentionally ran over her friend with her vehicle in the parking lot of an apartment complex where they both lived.
San Jose police are searching for a suspect after a shooting left a man with life-threatening injuries late Wednesday night.
Firefighters battling two large wildfires in California's Big Sur region said Thursday that while they are making progress on the Timber Fire, the larger Plaskett Fire continues to grow.
The National Park Service is looking for a residential volunteer to help staff the historic Point Reyes Lighthouse this fall and winter, with free housing included.
A minor earthquake shook Sonoma County Thursday morning, according to the U.S. Geological Survey.
Suisun City and the California Forever development group announced on Tuesday that they have finalized the first phase of a revitalization plan for the downtown area of the city.
Two campers who were found dead after they went missing during a canoe trip on Tomales Bay over the weekend have been identified.
A man arrested in connection with a series of home burglaries in the North Bay and the East Bay has been connected to additional thefts, deputies said.
Bo Bichette launched a go-ahead three-run homer with two outs in the eighth inning after an intentional walk to Juan Soto, and the Mets rallied for a 4-2 victory over the Giants on Sunday.
Wayne Knight ran for two touchdowns in the fourth quarter following interceptions by Ta'Shawn James and UCLA opened the Bob Chesney era with a 45-24 victory over California.
Rafael Devers and Christian Koss each homered twice Saturday, powering the Giants to a 9-5 win over the Mets.
"I was just eager to get on the field," said Mensah, who transferred this offseason from Duke.
Francisco Alvarez hit two of New York's five home runs Friday night, leading Nolan McLean and the Mets to a 10-6 win over the Giants.
A person was stabbed while trying to stop a would-be thief who had taken a tip jar from a Marina District business, a witness told CBS News Bay Area.
Eight people, including a teenager, were arrested this week in connection with a deadly shooting in downtown San Jose that took place near a FIFA World Cup watch party venue, police said.
An investigation is underway after two people were wounded in a drive-by shooting in Solano County on Thursday evening, authorities said.
A Richmond police officer was shot and injured after responding to a wellness check Thursday evening near the El Cerrito city limit.
Five people were arrested in two separate burglary investigations at Woodland's County Fair Mall, police said Thursday.
As Californians prepare to celebrate Labor Day and the contributions of American workers, labor unions are raising alarms about what they see as a growing threat to the future of human work.
An HVAC expert said he is using AI to collect data on every call for service, so when another technician runs into a similar situation, they can check previous information.
Meta upgrades its AI glasses' privacy features to block device users from filming people without their consent.
MapQuest topped ChatGPT as Apple's most-downloaded free app after the digital mapping company said it would keep "historical, familiar" lake names.
Regulators allege that sellers and brands were overcharged by tens of billions of dollars through secretly inflated ad prices.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Multiple unpermitted street food vendors in Fairfield were cited for violations last week after inspections found them selling food unsafe for public consumption, authorities said.
After weeks of uncertainty, students at Richmond's John F. Kennedy High School will start their classes on schedule after weeks after toxic chemicals were found underneath the campus.
Sunnyvale police raided smoke shops across the city and seized thousands of illegal products over the past two months, the city's Department of Public Safety said.
The filing comes after a U.S. District Court judge extended an order against the Postal Service enforcing President Trump's executive order for the November elections.
A federal judge extended her block on the U.S. Postal Service's new requirements for mail voting, as states prepare to begin sending mail ballots to voters for the November midterm elections.
FBI Deputy Director Christopher Raia says the bureau is turning to artificial intelligence as a tool to identify threats and act on them faster.
A federal judge is considering whether to continue blocking a U.S. Postal Service rule imposing new requirements for mail voting.
A bill that would toughen penalties for assaults against utility workers is being sent to Gov. Gavin Newsom's desk, after being approved by the California legislature.
California Attorney General Rob Bonta has joined a coalition of 19 attorneys general in supporting a federal lawsuit challenging Idaho's law that bars transgender students from using school restrooms and other sex-separated facilities that align with their gender identity.
Berlin police did not identify the suspect, who is still at large, by name but said that he was already known to police and is from Berlin.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Major League Baseball has warned players about writing on their uniforms after San Francisco starter Landen Roupp and two other pitchers added Bible verses to their Pride Night caps on Friday night.
A special exhibition honoring the legacy of the Grateful Dead opens in San Francisco's Golden Gate Park, which will include one of the most recognized symbols of the counterculture era of the early 60s.
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
Fans of some of Hollywood's most iconic movies lined up outside legendary filmmaker Phil Tippett's Berkeley studio Friday, hoping to take home a piece of movie history.
Pokémon fans from across the country and around the world are pouring into San Francisco this weekend for the largest Pokémon World Championships in the event's history.
Sixty years ago, San Francisco native Gus Tham was living the dream.
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.
Neighbors in Pacifica say they're feeling a slowdown due to the pier collapse.
Here's a look at the weather forecast Sunday evening.
A mountain lion that was spotted in San Francisco's Panhandle on Saturday is believed to have left the area.
with Zoe Mintz.
Zoe Mintz reports on a Kelvin Wave that will temporarily raise sea surface heights.
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.