The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Tesla CEO Elon Musk faces a range of penalties from the civil charges the SEC revealed Thursday if he is found guilty, according to a former chair of the Securities and Exchange Commission.
"He can face a number of penalties ... he can have fines imposed against him, he can effectively be barred for a period of time or permanently from serving as a principal officer or a director of a public company," former SEC Chairman Harvey Pitt told CNBC's "Closing Bell " on Thursday. "That last element would of course strike a very severe blow to Tesla. "
The SEC lawsuit alleges that Musk issued "false and misleading" statements and failed to properly notify regulators of material company events. Sources close to the company told CNBC the company was also expecting to be sued, although Tesla was not named as a defendant in the complaint.
A criminal probe reportedly opened by the Justice Department earlier this month could lead to even more serious consequences for the outspoken founder if he is found guilty there, according to Pitt. Tesla said the DOJ requested documents last month regarding Musk's tweets about taking the company private.
"It shouldn't be forgotten that there's a criminal investigation proceeding. If, in fact, criminal charges are brought and they are brought against Mr. Musk, he could face jail time as well as additional fines," Pitt added.
Shares of the automaker fell about 11 percent in extended trading Thursday. The stock is roughly 30 percent below its 52-week high of $387.46.
His tweet on Aug. 7 cost investors betting against Tesla about $1.3 billion, according to estimates from financial technology and analytics firm S3 Partners. If federal investigators find that Musk was intentionally trying to cost them money, he could face criminal charges, securities lawyers have said.