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.
California Gov. Gavin Newsom was set to make an announcement on Bay Area public transit funding on Thursday afternoon.
Two robbery suspects arrested in Lafayette on Tuesday are wanted in multiple jurisdictions in Contra Costa County, the Sheriff's Office said.
A Contra Costa County refinery will pay a multi-million-dollar penalty for a series of major violations, including fires, illegal emissions, and leaking tanks.
Former big league manager Bob Melvin is returning to the Athletics as a special assistant in baseball operations.
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
California Gov. Gavin Newsom was set to make an announcement on Bay Area public transit funding on Thursday afternoon.
Two robbery suspects arrested in Lafayette on Tuesday are wanted in multiple jurisdictions in Contra Costa County, the Sheriff's Office said.
A Contra Costa County refinery will pay a multi-million-dollar penalty for a series of major violations, including fires, illegal emissions, and leaking tanks.
Former big league manager Bob Melvin is returning to the Athletics as a special assistant in baseball operations.
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
One exhibit opening Thursday in San Francisco features imagery born from the rebellion of the Black Panthers, thanks to a local man who created a whole new form of Revolutionary Art.
Restaurants and businesses throughout the Mission District were participating in the Carnaval San Francisco Fat Tuesday Celebration with live music and performances.
San Francisco city officials are pushing to change how trees are planted or removed in the city as part of the construction permitting process.
Board member Tony Lau said the weather won't impact the significance of the celebration for the Chinatown community.
Thousands came out to San Francisco's Chinatown Saturday for the Flower Market Fair to celebrate the Year of the Horse.
Two robbery suspects arrested in Lafayette on Tuesday are wanted in multiple jurisdictions in Contra Costa County, the Sheriff's Office said.
A Contra Costa County refinery will pay a multi-million-dollar penalty for a series of major violations, including fires, illegal emissions, and leaking tanks.
A shooting inside a home in Pleasanton on Wednesday left a woman and her adult son dead, and police were investigating the incident as a double homicide, the department said.
A vehicle used to transport Oakland Mayor Barbara Lee was stolen this week after someone removed the keys from her City Hall office, a spokesman for the police officers' union said Wednesday.
Police arrested two suspects in Lafayette following an attempted bank robbery on Tuesday and have linked them to another robbery in Alamo.
A Los Gatos mosque located in a quiet neighborhood has become the center of controversy, right as Ramadan begins.
A large portion of Highway 1 was reopened on Tuesday, but a nearly 7-mile stretch is still under a full closure, Caltrans District 5 said.
On a recent morning at the adult day care center, a small crowd gathered as a robot called Mirokai made its way into the room. The 4-foot-tall robot played music, led trivia games, and was able to hold everyone's attention.
Santa Cruz police said the man is suspected of shooting someone at a campsite along the San Lorenzo Riverbed. The victim was taken to the hospital after he walked to an Ocean Street business and flagged down a resident for help.
Two rafters stranded on the San Lorenzo River in Santa Cruz County were rescued Monday, authorities said.
As the Sugar Bowl Academy grieves following Tuesday's deadly avalanche north of California's Lake Tahoe, the news is also hitting people hard in the Bay Area's Marin County.
California wine giant Gallo is set to close one of its Bay Area production facilities, laying off nearly 100 workers there and at four other wineries and tasting rooms in Napa and Sonoma counties.
A crash in Sonoma on Tuesday evening involving a vehicle and two elderly pedestrians visiting from out of state left one dead and the other with critical injuries, authorities said.
A stabbing at a hotel in Vallejo on Sunday left a man critically hurt and a resident of Wisconsin was arrested in the attack, police said on Tuesday.
Early morning lightning strikes on Tuesday led to two schools in Santa Rosa closing down for the day, including at one site where lightning obliterated a large tree.
Former big league manager Bob Melvin is returning to the Athletics as a special assistant in baseball operations.
Mikaela Shiffrin, the most decorated skier of all time, last won a medal at the 2018 Winter Olympics in PyeongChang.
Collin Morikawa had to wait more than two years to win again on the PGA Tour.
The chief of the U.S. Ski Team says Lindsey Vonn is preparing to return to the United States a week after crashing in the Olympic downhill.
Akshay Bhatia goes into the final round of the AT&T Pebble Beach Pro-Am with a two-shot lead.
Two robbery suspects arrested in Lafayette on Tuesday are wanted in multiple jurisdictions in Contra Costa County, the Sheriff's Office said.
A shooting inside a home in Pleasanton on Wednesday left a woman and her adult son dead, and police were investigating the incident as a double homicide, the department said.
A vehicle used to transport Oakland Mayor Barbara Lee was stolen this week after someone removed the keys from her City Hall office, a spokesman for the police officers' union said Wednesday.
The "signal sniffer" being used in the Nancy Guthrie investigation was mounted on a helicopter on Monday.
Police arrested two suspects in Lafayette following an attempted bank robbery on Tuesday and have linked them to another robbery in Alamo.
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
The Meta CEO defended his company's efforts to keep kids under 13 off of Instagram, but noted that there are "people who lie" about their ages.
On a recent morning at the adult day care center, a small crowd gathered as a robot called Mirokai made its way into the room. The 4-foot-tall robot played music, led trivia games, and was able to hold everyone's attention.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
About 1,300 nurses and support staff at MarinHealth Medical Center plan to stage a one-day strike on Wednesday, citing stalled contract negotiations over wages and healthcare benefits.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
California Gov. Gavin Newsom was set to make an announcement on Bay Area public transit funding on Thursday afternoon.
A commission that advises the federal government on architecture and the arts voted to approve President Trump's overhaul of the White House East Wing.
Billionaire retail tycoon Les Wexner testified before a House committee Wednesday as part of the panel's investigation into Jeffrey Epstein.
San Francisco city officials are pushing to change how trees are planted or removed in the city as part of the construction permitting process.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
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.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
Restaurants and businesses throughout the Mission District were participating in the Carnaval San Francisco Fat Tuesday Celebration with live music and performances.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Board member Tony Lau said the weather won't impact the significance of the celebration for the Chinatown community.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
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.
Meteorologist Jessica Burch says the Bay Area will catch a break from the rain starting on Friday, but not for long.
Two people, a woman and her adult son, were found shot dead in a Pleasanton home Wednesday, and police were investigating the incident as a double homicide.
As the Sugar Bowl Academy grieves following Tuesday's deadly avalanche north of California's Lake Tahoe, the news is also hitting people hard in the Bay Area's Marin County.
A Los Gatos mosque located in a quiet neighborhood has become the center of controversy right as Ramadan begins.
Two separate teachers' unions in Oakland and Berkeley were holding rallies Wednesday evening as they brace for possible strikes. Kelsi Thorud 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.