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Provoked Violence, Unchecked for Hours The New York Times used videos filmed by journalists, witnesses and protesters to analyze hours of clashes — and a delayed police response — at a pro-Palestinian encampment on Tuesday. On Tuesday night, violence erupted at an encampment that pro-Palestinian protesters had set up on April 25. The videos showed counterprotesters attacking students in the pro-Palestinian encampment for several hours, including beating them with sticks, using chemical sprays and launching fireworks as weapons. The melee began when a group of counterprotesters started tearing away metal barriers that had been in place to cordon off pro-Palestinian protesters. 12:26 a.m.Sean Beckner-Carmitchel via ReutersAt times, counterprotesters swarmed individuals — sometimes a group descended on a single person.
Persons: KAPLAN, COUNTERPROTESTERS, ROYCE HALL POWELL LIBRARY KAPLAN, counterprotesters, Mel Buer, Harbu, , Sean Beckner, Sergio Olmos, Calmatters, , Counterprotesters, Mary Osako, , U.C, Michael Drake, L.A.P.D, Mark Abramson, Gene Block, Gavin Newsom, enforcement’s, Hussam Ayloush, U.C.L.A Organizations: The New York Times, . University of California, Los Angeles University of California, Los Angeles ROYCE HALL, POWELL LIBRARY KAPLAN, ROYCE HALL POWELL, HAINES, ROYCE HALL, POWELL, COUNTERPROTESTERS KAPLAN, HAINES HALL POWELL LIBRARY, ROYCE HALL POWELL LIBRARY, UCLA, Powell Library, Royce Hall, Palestinian, Arrows, Police, New York, University of California, Times, Security, Real News, Israel Defense Forces ’, The Times, Reuters, Associated Press, Los Angeles Police Department, Patrol, Riot, California, Daily Bruin, California Gov, Los Angeles Jewish, Los, Los Angeles Area, Islamic, Jewish Federation Los Locations: U.C.L.A, Los, Los Angeles, Israel, Gaza, Carmitchel, StringersHub, California, Palestine
Read previewThis as-told-to essay is based on a conversation with Andy Collins, a 26-year-old software engineer from Chicago pursuing a professional esports career playing the first-person shooting game Valorant. Being a professional esports competitor wasn't the most well-known or traditional career path at the time. Valorant has only been out for four years, but its professional esports scene is rapidly growing in popularity. Even though I'm playing far fewer hours per day than before — I only spend around four hours after work each day playing other teams and strategizing for my weekly matches — I'm in my best-ever form. Are you a professional esports athlete and want to share your story?
Persons: , Andy Collins, didn't, would've, Valorant, — you've, DarkZero, Valorant esports, I'm, wasn't, I've Organizations: Service, Business, Robert Morris University ., Valorant's Challengers League, North American, League, , The Guard, Riot Games, DoorDash, Starbucks, Madison Locations: Chicago, United States, Austin, Valorant, mhall@businessinsider.com
Tesla , Li Auto — Tesla shares declined nearly 4%, hitting a 52-week low, following announcements of price cuts. Verizon reported $33 billion in revenue, slightly under the $33.32 billion figure penciled in by analysts, per FactSet. Informatica — The enterprise data management company tumbled nearly 9% after acquisition talks with Salesforce broke down. Salesforce shares inched higher by less than 1%. Riot Platforms — The bitcoin miner rallied 14% following the " halving" event , in which bitcoin mining rewards were cut in half.
Persons: Li Auto, Li, CNBC's David Faber, Salesforce, Crypto, Coinbase, MicroStrategy, UnitedHealth's OptumRx, Cardinal Health's, Zions, , Jesse Pound, Samantha Subin, Michelle Fox, Alexander Harring Organizations: Tesla, Reuters, Li Auto, Verizon Communications, Verizon, Paramount Global, Sony, Informatica, JPMorgan, Health Locations: China
Li Auto , Tesla — The electric vehicle makers tumbled more then 7% and 3%, respectively, following announcements of price cuts. Tesla chopped down the sticker price of its Model 3 in China, on top of decreases in other markets Reuters reported . Verizon — The telecommunications giant traded 1.5% higher as earnings per share came in ahead of expectations. Block — Shares added 0.7% after Bank of America reiterated its buy rating on the financial services stock. Hut 8 — Shares gained 2.6% after Benchmark initiated coverage of the data center operator with a buy rating, citing Hut 8's diversified business model and its sizeable bitcoin holdings.
Persons: Li Auto, Tesla, Li, Xpeng, JPMorgan Chase, Morgan Stanley, , Lisa Kailai Han, Hakyung Kim, Sarah Min Organizations: Tesla, Reuters, Verizon, FactSet, Wall Street, JPMorgan, Marathon, Alcoa, Bank of America Locations: China, New York
watch nowThe Bitcoin network on Friday evening completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25. After the 2012, 2016 and 2020 halvings, the bitcoin price ran up about 93x, 30x and 8x, respectively, from its halving day price to its cycle top. Hash rates are a measure of the computational power used to process transactions on the bitcoin network. "The market so far has seen bitcoin mining stocks as mere BTC proxies, in absence of bitcoin ETFs," said Bernstein analyst Gautam Chhugani. "[The] Bitcoin halving is already partially priced in by the market and we do not expect prices to increase significantly following the halving event," the firm's Marion Laboure said in a note Thursday, adding that it "has been widely anticipated in advance due to the nature of the Bitcoin algorithm."
Persons: Reginald Smith, Bernstein, Gautam Chhugani, MARA, Nikolaos Panigirtzoglou, Marion Laboure Organizations: Metrics, JPMorgan, BTC, IRIS, Deutsche Bank Locations: Friday's
While most of the public cryptocurrency miners are positioned to survive the supply shock of the bitcoin halving, JPMorgan has named its top picks. "With the bitcoin halving on the horizon, we expect heightened volatility and trading volume in both bitcoin and mining stocks," Reginald Smith, an analyst at JPMorgan, said in a note this week. The bitcoin halving is estimated to take place in the next couple of days , and mining companies are preparing for reduced rewards revenue that will follow the event. Nevertheless, uncertainty ahead of the halving has pressured mining stocks, most of which are down double digits for the year. The halving occurs when incentives for bitcoin miners shrink to 3.125 newly created bitcoins — or about $20,000 at Thursday morning's prices — from 6.25, as mandated by the code of the bitcoin blockchain.
Persons: Reginald Smith, Smith, Iris, Iris Energy, MARA, CleanSpark, — CNBC's Michael Bloom Organizations: JPMorgan, Iris Energy, Iris
CNN —“Ireland, we are at war,” UFC star Conor McGregor declared to his millions of social media followers on November 22, 2023. This comes after the Garda – as Ireland’s police are known – told CNN there were 231 anti-immigration related public gatherings in 2023. A working-class boy from Dublin, McGregor was driven by a desire to become world champion in a sport relatively unknown in Ireland. Political analysts and far-right experts have told CNN that McGregor’s unique brand of Irish patriotism that won him supporters as a fighter has mutated into a strand of “far-right” Irish nationalism. O’Keefe regularly writes to McGregor on X, calling him “President McGregor.” O’Keefe did not respond to CNN’s request for comment.
Persons: CNN —, , Conor McGregor, It’s, McGregor, Ciarán, ” O’Connor, McGregor’s, , Petery Murphy, Paul Murphy, , Murphy, Drew Harris, ” Conor McGregor, Dustin Poirier, Stacy Revere, Khabib Nurmagomedov, Floyd Mayweather Jr, Aodhán Ó Ríordáin, ” Ewan MacKenna, ” McGregor, Patrick T, Fallon, , “ McGregor, Matthew Donoghue, Megan Briggs, Mick O’Keefe, O’Keefe, ” O’Keefe, Keith Woods, lambasts, Woods, Nick Fuentes ’, Fuentes –, Padraig Pearse, Artur Widak, Europe’s, Heidi Beirich, ” Donoghue Organizations: CNN, CNN — “, ” UFC, Institute for Strategic, Police, Flames, Getty, Irish, People, Profit, Irish National Party, Irish Freedom Party, Garda, Local, UFC, Guardian, Mobile, Forbes, Labour, RTÉ, Central Statistics Office Ireland, Ireland, University College Dublin, Denver Nuggets, Miami Heat, Kaseya Center, North, American White, Blacks, Leinster House, , Global, Twitter Locations: CNN — “ Ireland, Dublin, Irish, Ireland, Algeria, AFP, Las Vegas , Nevada, It’s, East Wall, Miami , Florida, North America, American, “ Ireland, Europe’s “, Germany, France, Italy, Sweden
CNN —A Moscow court has sentenced a Russian university student to 10 days in jail for naming his Wi-Fi router with a pro-Ukrainian slogan, Russian media reported. The student was found guilty of propaganda and the “public display of Nazi symbols” by the Nikulinsky District Court of Moscow on Thursday, and authorities confiscated his router, state-run RIA reported. Dissent has been effectively outlawed in Russia since Russian President Vladimir Putin launched his full-scale invasion of Ukraine. Expressing support for the Russian opposition figure, whose movement authorities outlawed as extremist, can be perilous. Russian state media largely ignored his death, while hundreds of people were reportedly detained for turning out at makeshift memorials in the largest wave of arrests at political events in the country in two years.
Persons: Oleg Tarasov, Slava Ukraine, Vladimir Putin, Alexey Navalny, “ Putin, ” –, Putin Organizations: CNN, Moscow State University, Ukraine ”, Russian Telegram, Novosti, Riot Locations: Moscow, Ukrainian, Ukraine, Nikulinsky, Russia, Russian
Super Micro Computer , Deckers Outdoor — The technology firm and athletic footwear designer respectively popped 27% and nearly 3% after S & P Dow Jones Indices announced Friday that the two stocks would be added to the S & P 500 on March 18. Super Micro Computer and Deckers Outdoor will replace Zions Bancorpation and Whirlpool , which will move to the S & P MidCap 400 Index. Macy's — Shares skyrocketed 16% after Arkhouse Management said it and Brigade Capital Management have raised their offer for the department store . DoorDash — Shares jumped more than 5% after RBC upgraded the food delivery company to outperform from sector perform. Lyft — The ride-sharing platform added 6% after RBC upgraded the stock to an outperform rating from sector perform.
Persons: Dow, Zions, , Lyft, Morgan Stanley, Li, Piper Sandler, Ford, CNBC's Michelle Fox, Alexander Harring, Hakyung Kim, Tanaya Macheel, Yun Li, Jesse Pound, Samantha Subin Organizations: Micro Computer, Dow Jones, Whirlpool, Arkhouse Management, Brigade Capital Management, Apple, European, Miners, Marathon Digital, Cipher Mining, Iris Energy, RBC, Kyverna Therapeutics, Wells, JPMorgan, Ferrari —, Citi, Li Auto, Dutch Bros, American Airlines —, Max Locations: Wells Fargo
CNN —Hundreds of people have been flocking to the grave of late Russian opposition figure Alexey Navalny. Images from OVD-Info, an independent Russian human rights group that monitors Russian repression, show a long line of people queuing at Navalny’s grave and laying flowers at the Borisovsky Cemetery in Moscow. Ulf Mauder/picture-alliance/dpa/APThousands of mourners defied threats of arrest and gathered for Navalny’s funeral on Friday, two weeks after he died aged 47 in an Arctic penal colony. There was heavy security in place and some in the crowd chanted his name or anti-Putin slogans. At least 103 people were detained across 20 Russian cities on the day of Navalny’s funeral, OVD-Info reported on Sunday.
Persons: Alexey Navalny, Navalny’s, Lyudmila, Yulia, Navalny, Ulf Mauder, , Olga Maltseva Organizations: CNN, , Reuters, Kremlin, . Riot, Getty Locations: Moscow, AFP, Russia, Germany
The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. At its session high, bitcoin hit $54,965.26 and reached its highest level since December 2021. "Today is settlement day for bitcoin futures, which is contributing to the price jump we're seeing," said Ryan Rasmussen, analyst at Bitwise Asset Management. "We're approaching the window where we typically see traders positioning themselves ahead of the bitcoin halving, which will happen in the second half of April. Bitcoin traded flat in the week leading up to Monday, when the breakout began, and put it on track for a 27% monthly gain.
Persons: cryptocurrency, bitcoin, Ryan Rasmussen, Ether, Solana, Polygon's, Microstrategy, Bitcoin, Owen Lau, Oppenheimer, JPMorgan's Nikolaos Panigirtzoglou Organizations: Metrics, Bitwise Asset Management, JPMorgan, CNBC PRO Locations:
Tencent's Riot Games unit said Monday it's eliminating 11% of its workforce, or about 530 jobs, and scaling back on its division that publishes games from small developers. Eric Shen will become Legends of Runeterra's executive producer, replacing Dave Guskin, accroding to a blog post from Guskin, who said he'll work on other Riot games. Tencent, based in China, invested in Riot Games in 2011 and became its outright owner four years later. In September, Tencent-backed Epic Games announced it was cutting 16% of its staff. Shares slid 12% in late December after China announced new rules designed to limit excessive gaming.
Persons: Ma, we've, Dylan Jadeja, that's, Nicolo Laurent, Eric Shen, Dave Guskin, Jadeja, Tencent's, Tencent Organizations: Tencent Holdings Ltd, Tencent's, Google, League of, Riot Games, Microsoft, Activision Blizzard, Sony, Epic Games, China Locations: Guangdong, Hong Kong, Macao, Bay, China, Guskin, Forge, Los Angeles, Tencent
Bitcoin miners have tumbled since last Thursday, following the launch of spot bitcoin exchange-traded funds . The declines are in part due to the pullback in the bitcoin price, which is down roughly 6% in the same period. In a Monday note to investors, Bernstein also pointed to lower investor appetite for mining stocks as a bitcoin proxy now that ETFs have entered the market. "Just like bitcoin, the next two months offer dip buying opportunity in bitcoin miners," Chhugani said. Bitcoin miners were top performers in 2023, outperforming even bitcoin.
Persons: Bernstein, Gautam Chhugani, Chhugani, CleanSpark Organizations: Marathon, Energy, Cipher, Securities, Exchange, bitcoin Locations: cashflows, U.S, bitcoin
Israeli airstrikes hit two refugee camps in the central Gaza Strip on Sunday, killing scores of people, health officials said. The strikes came as the U.S. keeps urging Israel to take a humanitarian pause from its relentless bombardment of Gaza and rising civilian deaths. U.S. Secretary of State Antony Blinken traveled to Ramallah in the West Bank for a previously unannounced meeting with Palestinian President Mahmoud Abbas. Political Cartoons View All 1234 ImagesCurrently:— Gaza has lost telecom contact again, while Israel’s military announces it has surrounded Gaza City. — A U.N. official says the average Palestinian in Gaza is living on two pieces of bread a day.
Persons: Israel, Antony Blinken, Mahmoud Abbas, Blinken, Mohammed Shia, Benjamin Netanyahu, Joe Biden, evacuee Sara El, Masry, , JORDAN, Jordan, King Abdullah II, , Michael Hertzog, ” Hertzog, OBAMA, Barack Obama, , he’s, ” Obama, I’ve, Alp Toker, Juliette Touma, Ayatollah Ali Khamenei, Ismail Haniyeh, IRNA, Khamenei, Haniyeh, JERUSALEM —, Jacob Lew, Biden, ” Lew, Isaac Herzog, Lew, Antony Blinken’s Organizations: West Bank, Iraqi, Hamas, Ministry, WHO, GAZA, SYDNEY AIRPORT SYDNEY, Nine, Sydney Airport, Australian, United Arab Emirates, Mideast, Central Command, FIRE, NATIONS, Inter, Agency, UNRWA, United Nations, Jordanian, Twitter, ISRAEL, CBS, JERUSALEM, Paltel, Associated Press, Hezbollah, U.S, Israel, Embassy, . Riot Locations: Gaza, Ramallah, Baghdad, Jordan, Israel, United States, Egypt, Qatar, Gaza City, , U.S, Berlin, israel, Sydney, Rafah, DUBAI, United Arab, Suez, ., Ohio, America's, Iran, UN, Palestinian Territory, GAZA AMMAN, Jordanian, GAZA, Palestinian, IRAN, TEHRAN, Lebanon, GAZA JERUSALEM, Beit Hanoun, TURKEY, ISTANBUL –, Ankara, Turkish
MAPUTO, Mozambique (AP) — Protests in Mozambique over disputed local election results resulted in the deaths of a police officer and a civilian Friday, a corruption watchdog group said. The unrest followed Thursday's official validation of the election results, which gave the ruling Frelimo party victory in 64 out of 65 municipalities. A consortium of election observers had reported widespread ballot stuffing, voter intimidation and falsification of results in favor of Frelimo in the Oct. 11 elections. Demonstrators barricaded streets during the protests, which were concentrated in Mozambique's capital, Maputo, and the northern cities of Nampula and Nacala. In Maputo, main opposition party Renamo led its supporters in a march.
Persons: Renamo, Orlando Mudomane, Mudomane Organizations: , Police, Riot, Center for Public Integrity, ___ AP Locations: MAPUTO, Mozambique, Maputo, Nampula, Nacala, Mozambican, Quelimane, Matola, Portugal, ___, africa
But the Bitcoin halving is expected in the spring and it will likely reduce companies' revenue. The Bitcoin halving event is highly anticipated event by crypto investors because it historically has set the stage for new bull runs. It takes place every four years when the reward for mining bitcoin – which makes up a significant portion of mining companies' revenue – is cut in half. Marathon famously has the highest energy costs and lowest margins, while Riot has relatively low power costs but shares are expensive. Lower revenue, higher costs Generally, the mining stocks benefit from bitcoin price increases because those translate into higher mining revenue for the company.
Persons: John Todaro, Reginald Smith, Needham, CleanSpark, There's, Smith, bitcoin, Michael Bloom Organizations: JPMorgan, Riot, Miners Locations: Marathon
Michael Lewis gave a peek into details from his new book on Sam Bankman-Fried in a tell-all interview. AdvertisementAdvertisement"The Big Short" author Michael Lewis shared some of the wildest details from his forthcoming book on disgraced FTX cofounder Sam Bankman-Fried during a tell-all interview with "60 Minutes" on Sunday. Tom Brady and Sam Bankman-Fried had an unlikely friendship, according to Michael Lewis. Sam Bankman-Fried, a known "League of Legends" fan, played a video game during his first live TV interview, Michael Lewis said. Sam Bankman-Fried.
Persons: Michael Lewis, Sam Bankman, Lewis, SBF, Tom Brady, Donald Trump, , Bankman, Sam, Erin Schaff, Insider's Lloyd Lee, Fried, Trump, Brady, Sebastian Widmann, Sam wasn't, FTX, he's, Larry David, Steph Curry's, Steph Curry, Anna Wintour, Matt Winkelmeyer, Vogue's Anna Wintour, Wintour, Spokespeople, David, Curry, Michael M, Bernie Madoff, Elizabeth Holmes, Jim Spellman, WireImage Lewis Organizations: Service, Trump, NFL, Super, Miami, Sequoia Capital, Metropolitan Detention, Prosecutors, Alameda Research, Bankman Locations: New York, Trump, Hollywood, America, Bahamas, Brooklyn
Bitcoin miners are barreling toward the "halving" — a major market-making event that some fear will be a death knell to many in the industry. "We're taking a long-term bet on bitcoin and on the fact that bitcoin mining will survive and will bounce back even stronger." Texas has grown to dominate bitcoin mining partly because of support from local authorities and the operator of the Texas energy grid, ERCOT. Even during the bear market, Texas miners are building out, buying new sites and fresh fleets of hardware. The mining company was spun off from Chinese bitcoin mining giant Bitmain and went public via SPAC earlier this year.
Persons: Kevin Zhang, Jihan Wu, Bitmain, Kevin Zhang Crypto, He's, China — he's, Zhang, bitcoin, Barry Silbert's, Foundry's, , Chad Harris, ERCOT, Nic Carter, Shaun Connell, Brad Jones, Brandon Arvanaghi, Jason Les, Navarro, Les, hashrate, Morgan, Bitdeer Organizations: Foundry, Mining, CNBC, U.S, Riot, Cipher Mining, Georgia, Securities Exchange Commission, JPMorgan Chase Locations: Sweden, Republic of Georgia, China, America, Beijing, Shenzhen, Montana, North America, Texas, Wyoming, New York, United States, U.S, . Texas, Castle, Rockdale, Austin, Milam, Odessa , Texas, Minden , Nebraska, , Texas, New Hampshire, Pennsylvania, Nebraska, North Carolina , Kentucky , Oklahoma, Washington
During the crypto boom of 2021, Riot Platforms was raking in cash from bitcoin mining. Now the company is losing so much money that it's counting on energy credits from selling power back to the Texas grid to keep its costs under control. Riot said on Wednesday that it earned $31.7 million in energy credits last month from Texas power grid operator ERCOT. "August was a landmark month for Riot in showcasing the benefits of our unique power strategy," said Jason Les, CEO of Riot, in the company's press release. It's a dramatic strategy shift for Riot, whose revenue soared almost 8,000% in 2021 from booming demand for bitcoin.
Persons: Riot, Jason Les Organizations: Riot, JPMorgan Chase Locations: Texas, U.S
The FBI identified Kyle Fitzsimons in building surveillance from the 2021 riot at the Capitol. Photo: U.S. District Court for the District of Columbia
Persons: Kyle Fitzsimons Organizations: FBI, Capitol, District of Columbia
The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its current and former chief executives of selling unregistered securities when conducting a $1.3 billion offering for XRP, which was created in 2012. Shares in Coinbase, which is also embroiled in litigation with the SEC over its trading of crypto tokens, surged 24.5% on Thursday following the decision, finishing at $107. Coinbase said it would allow trading of the XRP token again on its platform in line with the court ruling. Bitcoin , the world's largest cryptocurrency, was last up 4.1% at 31,584 while Ethereum , the world's second-largest cryptocurrency, rose 6.43% to $1,993.3. Reporting by Chibuike Oguh in New York; editing by Michelle Price and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
Persons: Coinbase, We've, Analisa, Torres, Paul Grewal, Chibuike Oguh, Michelle Price, Deepa Babington Organizations: YORK, Coinbase Global Inc, Ripple Labs, U.S . Securities, Exchange Commission, SEC, Labs, Inc, Marathon Digital Holdings Inc, Microstrategy Inc, Mining Corp, Twitter, Thomson Locations: U.S, Coinbase, New York
PoliticsClashes erupt at protests ahead of France pension rulingPostedProtesters stormed a luxury goods store in Paris, burned cars, sang and chanted in the streets, a day before a key vote on a proposed reform to French pensions. Riot police used tear gas to disperse the crowds as things turned violent. Lucy Fielder reports.
A view of the aftermath of the fire in Evin prison in Tehran, Iran October 17, 2022. The patrols at the Tehran jail began without any apparent provocation by inmates, the sources said. The prisoner and other sources spoke to Reuters on condition of anonymity due to concern for their safety. Ward 7 holds prisoners convicted of general crimes and political prisoners, and is in the same building housing ward 8. "Prisoners from ward 7 tried to break the door of ward 8 to let them out too.
Macron’s government is also on the defensive in parliament, where it lost its majority in legislative elections in June. People gather Sunday in Paris for a march against the high cost of living and climate inaction. Paris police said they didn’t have an immediate estimate for the size of the dense flag-waving crowd that filled squares and streets. There were a few outbreaks of vandalism on the margins, with garbage bins set on fire and bank machines smashed. Demonstrating at Mélenchon’s side was French author Annie Ernaux, who won the Nobel Prize for literature this year.
Coinbase shares slide 11% on hot inflation report
  + stars: | 2022-10-13 | by ( Sofia Pitt | ) www.cnbc.com   time to read: +1 min
Shares of cryptocurrency exchange Coinbase dove more than 11% on Thursday after the Consumer Price Index showed inflation continued to increase in September beyond Wall Street's expectations. But crypto stocks saw steeper falls than major indices like the Nasdaq Composite , down around 1.5%, and the S&P 500 , down about 0.8%. In recent months, an increase in inflation has been followed by volatility on Wall Street. That's because more disappointing news on inflation means the Federal Reserve may implement larger interest rate hikes, further slowing economic growth. Thursday's CPI data likely cements consecutive 0.75 percentage point rate hikes in November and December.
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