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.
Gov. Newsom's office is escalating its fight with the Trump administration, sending a letter Tuesday to Acting U.S. AG Todd Blanche accusing the Justice Department of conducting a politically motivated investigation into his wife and associates.
Two weeks ago, Oakland Mayor Barbara Lee made a rare appearance before the City Council to promote a ballot initiative that would give her a lot more power over the operation of the city.
For the first time since joining international competition, the Hashemite Kingdom of Jordan has qualified for the FIFA World Cup, marking a milestone achievement for the nation's soccer program and sparking celebrations among Jordanians around the world.
CBS News Bay Area uncovered evidence that some donations were used to cover personal expenses. Tax documents show program officials spent more than $1 million for things like personal mortgages, car payments and rent.
Two women who died after being rescued when they were swept out to sea off a Santa Cruz County beach last week were identified as Bay Area college students from Fremont.
Gov. Newsom's office is escalating its fight with the Trump administration, sending a letter Tuesday to Acting U.S. AG Todd Blanche accusing the Justice Department of conducting a politically motivated investigation into his wife and associates.
Two weeks ago, Oakland Mayor Barbara Lee made a rare appearance before the City Council to promote a ballot initiative that would give her a lot more power over the operation of the city.
For the first time since joining international competition, the Hashemite Kingdom of Jordan has qualified for the FIFA World Cup, marking a milestone achievement for the nation's soccer program and sparking celebrations among Jordanians around the world.
CBS News Bay Area uncovered evidence that some donations were used to cover personal expenses. Tax documents show program officials spent more than $1 million for things like personal mortgages, car payments and rent.
Two women who died after being rescued when they were swept out to sea off a Santa Cruz County beach last week were identified as Bay Area college students from Fremont.
For the first time since joining international competition, the Hashemite Kingdom of Jordan has qualified for the FIFA World Cup, marking a milestone achievement for the nation's soccer program and sparking celebrations among Jordanians around the world.
CBS News Bay Area uncovered evidence that some donations were used to cover personal expenses. Tax documents show program officials spent more than $1 million for things like personal mortgages, car payments and rent.
A wayward mountain lion that was captured in the backyard of a Redwood City home on Monday was released into its natural habitat in the Santa Cruz Mountains, authorities said Tuesday.
On Monday morning, federal, state and local leaders gathered to urge the Trump administration to provide federal disaster funding to try to save the structure.
Fireworks will be launched from the Golden Gate Bridge for only the third time in its history as part of the nation's 250th birthday, San Francisco Mayor Daniel Lurie announced Monday.
Two weeks ago, Oakland Mayor Barbara Lee made a rare appearance before the City Council to promote a ballot initiative that would give her a lot more power over the operation of the city.
Emeryville police said the body found at a landfill facility in San Leandro has been identified as a man who was reported missing on June 1.
A fight that broke out between a customer and the employees of an outdoor phone vendor stand in Antioch led to the death of the customer over the weekend, authorities said.
A mosquito trapped in Newark has tested positive for West Nile virus, the first mosquito-borne sample of the virus detected in Bay Area this year.
On opening day, the Oakland Athletic Club had to turn people away as fans packed the restaurant for the Mexico and South Africa match.
A woman died Monday after being stabbed in San Jose home and a man who knew her was arrested in connection with the killing, police said.
Richard Tillman, brother of the late National Football League star and U.S. Army Ranger Pat Tillman, was sentenced on Monday to five years in federal prison for setting a San Jose post office on fire in 2025.
Health officials in the San Francisco Bay Area issued a warning about a potential measles exposure after an infected resident traveled through San Francisco International Airport and local businesses.
San Jose police said a driver ran a red light and crashed into an uninvolved vehicle after refusing to pull over for Santa Clara officers. The driver who ran the red light was seriously injured, and his passenger was killed in the crash, police said.
For Bay Area soccer fans, having the World Cup in their own backyard feels like a once-in-a-lifetime opportunity. In the South Bay, they're doing everything they can to capitalize on it.
Around 12:30 p.m., an officer patrolling near the Novato Fair shopping center spotted a man he believed was acting erratically and may be under the influence of drugs, police said.
A deer fawn was rescued on Wednesday from an outdoor wire dog crate at a Sonoma County home, authorities said.
A mountain biker who was injured in a remote Sonoma County trail Wednesday morning was airlifted to safety following a multi-agency rescue, authorities said.
The warning covers parts of the East Bay hills and the North Bay interior mountains, and begins at 11 p.m. Wednesday.
On Sunday, marchers began the second part of a three-day journey protesting U.S. Immigration and Customs Enforcement's presence in the Bay Area.
For the first time since joining international competition, the Hashemite Kingdom of Jordan has qualified for the FIFA World Cup, marking a milestone achievement for the nation's soccer program and sparking celebrations among Jordanians around the world.
The family of former NFL star Aldon Smith is donating his brain to the Boston University CTE Center to research the long-term effects of repetitive brain injuries following his sudden death at age 36.
Veronica Burton scored 12 points and Cecilia Zandalasini contributed 10 for the Valkyries.
The Golden Knights had taken a two-games-to-one lead in the Stanley Cup Finals, but Carolina came roaring back, winning three straight to take home their first championship since the 2005-2006 season.
Logan Webb and Caleb Kilian combined on a seven-hitter and the San Francisco Giants beat the Chicago Cubs 5-1 to avoid a series sweep.
A woman died Monday after being stabbed in San Jose home and a man who knew her was arrested in connection with the killing, police said.
Richard Tillman, brother of the late National Football League star and U.S. Army Ranger Pat Tillman, was sentenced on Monday to five years in federal prison for setting a San Jose post office on fire in 2025.
Around 12:30 p.m., an officer patrolling near the Novato Fair shopping center spotted a man he believed was acting erratically and may be under the influence of drugs, police said.
A fight that broke out between a customer and the employees of an outdoor phone vendor stand in Antioch led to the death of the customer over the weekend, authorities said.
San Jose police said a driver ran a red light and crashed into an uninvolved vehicle after refusing to pull over for Santa Clara officers. The driver who ran the red light was seriously injured, and his passenger was killed in the crash, police said.
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
A woman has been found guilty of trespassing and other charges for her role in a protest outside the San Francisco headquarters of OpenAI last year, prosecutors said.
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
Meta pledged to invest $115 million to train electricians, plumbers and other workers needed to operate data centers.
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
Health officials in the San Francisco Bay Area issued a warning about a potential measles exposure after an infected resident traveled through San Francisco International Airport and local businesses.
Health officials in Berkeley said one person died and another person was hospitalized after contracting leptospirosis from rats that had infested their RV.
Grocery sales at two Target stores in San Jose were halted over the past week, after health inspectors found evidence of rodent infestations.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
Gov. Newsom's office is escalating its fight with the Trump administration, sending a letter Tuesday to Acting U.S. AG Todd Blanche accusing the Justice Department of conducting a politically motivated investigation into his wife and associates.
Two weeks ago, Oakland Mayor Barbara Lee made a rare appearance before the City Council to promote a ballot initiative that would give her a lot more power over the operation of the city.
Voters in the San Francisco Bay Area are deciding who will fill the remainder of former Rep. Eric Swalwell's congressional seat in a special primary election on Tuesday.
The FBI said it disrupted an attempt to attack Sunday's UFC America 250 event at the White House, with court records detailing an alleged plot to use small drones carrying explosives.
On Monday morning, federal, state and local leaders gathered to urge the Trump administration to provide federal disaster funding to try to save the structure.
Many LGBTQ+ Pride events across the country have had to scale back or even cancel due to political and financial reasons. San Francisco was on the brink. Kara St. Cyr reports.
In one of the most competitive real estate markets in America, a San Francisco real estate agent dons fabulous drag to help promote homes for sale. Itay Hod reports.
The U.S. Department of Justice has launched an investigation into four California school districts over policies pertaining to the instruction of gender and sexual orientation.
Jason Collins, the NBA's first openly gay player, who went on to become a pioneer for inclusion and an ambassador for the league, has died, his family announced Tuesday.
Philz Coffee will once again sport the Pride flag at its cafés after a directive to have them and other flags removed created a backlash.
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
With matches being played in 11 cities across the U.S., Mexico and Canada, fans are getting three World Cup opening ceremonies.
A gaming store in San Francisco keeps getting broken into, leading to loss after loss and a mountain of anxiety for the woman behind the business.
A fixture on San Francisco's drag scene, Katya Smirnoff-Skyy has taken her act off the stage and onto the market. With more than 200,000 followers, her house tour videos have become must-see real estate TV: part open house, part one-woman show.
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.
Kevin Ko reports on how World Cup attendees are getting to the game.
Kara St. Cyr reports on a potential crackdown on e-bikes in Danville.
Loureen Ayyoub reports on the excitement ahead of the World Cup match between Jordan and Austria.
CBS News Bay Area uncovered evidence that some donations were used to cover personal expenses. Tax documents show program officials spent more than $1 million for things like personal mortgages, car payments and rent.
California is heading into an above-average peak wildfire season, but this year, some Bay Area fire agencies are getting much-needed support from PG&E. Kenny Choi reports.
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.