State California Financial News

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members

A California company will pay $1 million for violating federal environmental laws by making and selling devices that defeated smog controls on diesel trucks

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

Nearly 30 invasive fruit flies have prompted a produce quarantine in Los Angeles County as state and local officials try to stop the fly from spreading to more fruits and vegetables

Mercer Advisors has expanded its network of registered investment advisory firms with the acquisition of a $720 assets under management business in San Diego, California.

August has a history of being a somewhat quiet month in the financial world.

Xavi Hernandez, confirmed on Tuesday that winger Ousmane Dembele is on the verge of leaving the club after receiving an offer from Paris Saint-Germain (PSG). Dembele, 26, was left on the bench during Barcelona's 1-0 victory over AC Milan in Las Vegas, marking the conclusion of their North American pre-season tour. Following the match, Xavi informed Spanish television that Dembele, who had scored in the recent victory against Real Madrid in Dallas, expressed his desire to leave the Spanish giants. The French international revealed that he had a proposal from PSG and was set on accepting it. With one year left on his contract with Barcelona, Dembele's personal decision could lead to his departure.

A non-profit organization dedicated to growing the development of nonfungible tokens (NFTs) on Bitcoin (BTC) has been launched by the team behind the Bitcoin Ordinals protocol.

OpenAI's widely recognized AI-powered tool, GPT-3, has been discovered to demonstrate reasoning abilities on par with college undergraduate students, according to scientific research. During the study, the artificial intelligence large language model (LLM) was presented with reasoning problems commonly found in intelligence tests and standardized exams like the SAT, which are crucial in the admissions process for colleges and universities in the United States and other nations, reported PTI. The findings highlight the impressive capabilities of GPT-3 in tackling complex cognitive tasks.

Freshworks on Tuesday reported a 19% rise in its revenues to $145.1 million for quarter ending in June, and raised its full-year financial forecast for 2023 midpoint saying it will hit adjusted operating profit of $28 million. The Chennai and San Mateo, California-headquartered company said its net loss shrank to $35.66 million, or 12 cents per share, in the first quarter ended June 2023, from $69.75 million, or 24 cents per share, a year earlier. The company had raised its full-year 2023 financial forecast to an adjusted operating profit of $5 million in the previous quarter ended March 31, 2023.

FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrong to seek his detention prior to trial because their arguments are built on «innuendo, speculation, and scant facts.» The written submission in Manhattan federal court was a response to the prosecution's claim last week that no bail conditions can stop the onetime cryptocurrency power broker from trying to improperly influence the potential jury pool for his October 2 trial. Bankman-Fried, 31, has been free on a $250 million personal recognizance bond since his December extradition from the Bahamas to face charges in New York that he defrauded investors in his businesses by diverting millions of dollars from their intended purpose.

A vintage Apple computer signed by company co-founder Steve Wozniak is being sold at auction

A nonprofit organization that researches links between social media, hate and extremism has been sued by X, the social media platform formerly known as Twitter

The largest solar panel recycling plant in North America has opened in Yuma, Arizona, just as the flow of used and spent solar panels sharply ramps up

Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, he added.

Progressive lawmakers want to implement a wealth tax to reduce economic inequality, but financial advisors doubt that levying taxes based on assets would work.

Reservation Dogs, the hit Indigenous American TV drama, premieres on Wednesday, August 2. The show follows the Rez Dogs, a group of four Oklahoman teens who are mourning the loss of their friend and are eager to move from their Reservation to California. It has been recognized as the first-ever series to feature an entirely Indigenous creative cast and has garnered numerous awards since its debut in 2021. In the previous two seasons, the Rez Dogs attempted to leave their Reservation and even succeeded in doing so, but now they find themselves questioning whether their initial decision was the right one. Don't miss the last hurrah of the Rez Dogs as they navigate their final journey in the much-anticipated season 3 of Reservation Dogs. Viewers in the US can catch the show on Hulu, while it is not yet available for streaming in the UK.

Shygirl and Tinashe are teaming up for an exciting co-headlining tour across North America in October and November this year. The tour kicks off in Chicago and concludes in Oakland, with stops in cities like Toronto, New York, and Atlanta. Tinashe's upcoming album, BB/ANG3L, is expected to release later this year, while Shygirl recently dropped her Nymph in the Wild EP, following her last year's full-length album Nymph. Earlier this year, she released a deluxe version of Nymph featuring Tinashe on an updated version of «Heaven» and a Björk remix of "Woe."

USA TODAY, Brenna Siperko, a 20-year-old from Ellicott City, Maryland, shared her remarkable journey of discovering her half-siblings conceived through sperm donation. Growing up in a single-child household until her mom and stepdad welcomed her younger brother, Brenna had always been aware of her unique conception. However, it wasn't until January 2022 that she decided to delve deeper into her background by taking a DNA test. Her suspicions were confirmed when the test results from 23andMe revealed that she had around 13 siblings. Surprisingly, this number increased exponentially when she joined group chats, eventually connecting her to a total of 65 half-siblings she had never known before. Some of these newfound siblings have even become part of her life, as she had the opportunity to meet them in person. The journey of discovery continues, opening up new connections and relationships that she never anticipated.

Selena Gomez took to Instagram on Monday to share the joy of her close friend Connar Franklin's bachelorette celebration. The star expressed pride in her friend and cherished the meaningful girls' trip, sharing a series of photos that captured the essence of their bond.