TikTok’s CEO testifies on Capitol Hill; Wyoming’s abortion ban blocked; and the latest on former President Donald Trump’s indictment. These stories and more highlight the Straight Arrow News daily rundown for Thursday morning, March 23, 2023. TikTok CEO to testify on Capitol Hill TikTok’s CEO will testify before a House committee today, March 23, defending…

This week TD Bank agreed to pay $1.2 billion to settle a case involving a $7 billion Ponzi scheme involving Allen Stanford. The Canadian bank denied any wrongdoing but said it chose to settle to “avoid the distraction and uncertainty of continuing a long legal proceeding.” Ponzi schemes are when the orchestrator pays out old…

The Securities and Exchange Commission has fined the Church of Jesus Christ of Latter-Day Saints, known more colloquially as the Mormon church, for allegedly hiding how much money it has. The church agreed to pay a $1 million fine while its investment portfolio manager, Ensign Peak Advisors, agreed to pay $4 million. The SEC said…

China’s population has declined for the first time in decades; a former candidate has been arrested in shootings at New Mexico elected officials’ homes; and Elon Musk’s trial over a tweet he posted about Tesla begins today. These stories and more highlight the daily rundown for Tuesday morning, Jan. 17, 2023.  Trial over Musk Tesla…

Disgraced cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty to a host of criminal charges Tuesday in federal court. The former FTX CEO has been living under house arrest at his parents’ after controversially securing his $250 million bail. Bankman-Fried is charged with illegally funneling funds from FTX customer deposits to prop up his hedge…

A judge ruled FTX founder Sam Bankman-Fried could be released on $250 million bail and put under house arrest at his parents’ California home while he awaits trial in New York City on eight federal criminal charges. As Bankman-Fried fights the charges against him, some of his coworkers have already pleaded guilty to fraud charges…

Ukraine President Volodymyr Zelensky is in Washington to meet with President Biden and address a joint session of Congress. According to a senior administration official, President Biden will announce a $2 billion security package to Ukraine, which will include a Patriot missile battery. According to the State Department, Patriots are capable of defending against cruise…

FTX founder Sam Bankman-Fried is facing charges from multiple U.S. agencies after getting arrested Monday night in the Bahamas. Once considered crypto’s white knight, Bankman-Fried’s arrest and charges come one month after his cryptocurrency exchange filed for bankruptcy following a spectacular collapse. The Securities and Exchange Commission on Tuesday charged the fallen CEO in “orchestrating…

Two Republican senators introduced a bill they said will protect small family farmers and ranchers from proposed Securities and Exchange Commission (SEC) rules regarding greenhouse gas emissions disclosures. The Protect our Farmers from the SEC Act would exempt family-owned businesses from value chain reporting. The SEC-proposed rule would require public companies to disclose their greenhouse…

The Labor Department is clearing a path for people to consider climate change and other environmental, social and governance factors when choosing retirement plans. The move reverses a Trump-era ruling that restricted financial firms to only consider how investments perform when determining what plans it would offer participants. ESG funds purportedly screens companies for positive…