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For years, a thorny question has dominated pretrial hearings in the military commissions case over the Sept. 11, 2001, attacks: Did the men accused of plotting them voluntarily confess in 2007 after the C.I.A. had stopped torturing them, and could those statements be used as evidence at their eventual death-penalty trial? analyst revealed that in 2009, when the Obama administration was planning to instead try the men in civilian court, federal prosecutors had decided against trying to offer the statements as evidence. The revelation sets in stark relief the contrary decision by military prosecutors to build their case around summoning the F.B.I. It also underlines how that decision has opened the door to years of litigation and contributed to a lengthy delay in getting the case to trial.
Persons: Obama, Mark S, Martins Organizations: Brig Locations: Guantánamo
The Consumer Financial Protection Bureau headquarters in Washington, D.C., on May 14, 2021. The Supreme Court ruled Thursday that the funding structure of the Consumer Financial Protection Bureau is legal. The court in a 7-2 decision rejected an argument that the CFPB's funding method violated the U.S. Constitution's Appropriations Clause because Congress had not annually authorized money for the agency. Instead, Congress authorized the CFPB to draw funding from the Federal Reserve system that the agency's director deems necessary for its work. The majority's ruling reversed a decision by the 5th Circuit U.S. Court of Appeals, which found the CFPB's funding mechanism was unconstitutional.
Persons: Clarence Thomas, Thomas, John Roberts, Brett Kavanaugh, Amy Coney Barrett, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Samuel Alito, Neil Gorsuch, Thursday's, Alito groused Organizations: Consumer Financial, Washington , D.C, Federal Reserve, Federal, System, 5th Circuit U.S, of Appeals, Community Financial Services Association of America, Consumer Service Alliance of Texas Locations: Washington ,
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc's strict online content law over child safety risks. The Commission added that it is concerned about age verifications on Meta's platforms, as well as privacy risks linked to the company's recommendation algorithms. "This is a challenge the whole industry is facing, and we look forward to sharing details of our work with the European Commission." The EU said it will carry out an in-depth investigation into Meta's child protection measures "as a matter of priority."
Persons: Mark Zuckerberg, Meta, Thierry Breton Organizations: Dirksen, Facebook, Meta, European Union, European Commission, CNBC Locations: Washington ,
Read previewTesla CEO Elon Musk made the snap decision to fire the entire Supercharger team after its division chief refused to make further layoffs happen, Reuters reported on Wednesday. The billionaire said in an email to staff on April 29 that he was dissolving the entire team behind Tesla's charging infrastructure, per The Information. AdvertisementRepresentatives for Tesla, Musk, and Tinucci didn't respond to Reuters' request for comment. The Tesla chief moved quickly to assuage concerns, and assured investors that Tesla's Supercharger network isn't going anywhere. A slowdown in the rollout of Tesla's charging infrastructure would thus be a setback for Biden's clean-energy agenda.
Persons: , Elon Musk, Musk, Rebecca Tinucci, Tinucci, Tesla's, Tesla, Mercedes Benz, haven't, Aaron Luque, Joe Organizations: Service, Reuters, Bloomberg, Business, Tesla, The, Motors, Ford, Politico, BI
U.S. President Joe Biden delivers remarks while meeting with the Joint Chiefs and Combatant Commanders in the Cabinet Room of the White House May 15, 2024 in Washington, DC. WASHINGTON — President Joe Biden has asserted executive privilege over an audio recording of his interview with special counsel Robert Hur, the Republican federal prosecutor who declined to recommend charges against the president over his handling of classified documents. White House counsel Ed Siskel notified Reps. James Comer and Jim Jordan of the decision in a letter on Thursday. The decision came after Attorney General Merrick Garland recommended that Biden assert executive privilege. Biden defended his memory, and Garland later said it would be "absurd" for him to have tried to block Hur's language about the president's memory.
Persons: Joe Biden, Robert Hur, Ed Siskel, James Comer, Jim Jordan, General Merrick Garland, Biden, Carlos Felipe Uriarte, Garland, Hur, Donald Trump Organizations: Joint Chiefs, WASHINGTON, Republican, Department, House Judiciary, White, Republicans Locations: Washington , DC
Dollar sags as slower U.S. inflation boosts rate cut expectations
  + stars: | 2024-05-16 | by ( ) www.cnbc.com   time to read: +3 min
The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years and retail sales turned flat, which pulled forward expectations for rate cuts in the world's biggest economy. The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years and retail sales turned flat, which pulled forward expectations for rate cuts in the world's biggest economy. Stocks and other risk-sensitive assets such as the Australian dollar led gains in the wake of the data release. The New Zealand dollar hit a two-month high at $0.6131. Softer-than-expected retail sales figures, which were flat last month instead of the 0.4% gain that economists had forecast, reinforced the newfound confidence in rate cuts.
Persons: Sterling, Bart Wakabayashi, China's, Bitcoin Organizations: Australian, New Zealand, U.S, State, European Central Bank Locations: Asia, Tokyo, Treasuries
Facing unknown costs of attendanceAnsah knew she needed financial aid to attend college. "I knew that ultimately the decision of where I'm going to go would be heavily impacted by the financial aid aspect." Typically, when incoming students receive their college acceptance letters, they also receive a financial aid offer if they applied and qualify for assistance. And now, as students are making college decisions, some still haven't seen financial aid offers. But neither of her acceptance letters from Penn or Princeton included financial aid award information.
Persons: , Ansah, It's, We've, wouldn't, She'd Organizations: Princeton University, University of Pennsylvania, CNBC, Ivy League, Princeton, Penn, Federal Student Aid, of Education, Rutgers University, Howard University, University of Maryland Locations: New Jersey, Penn
Read previewReal estate mogul Frank McCourt is the latest person to raise his hand to try to acquire TikTok's US business. Related stories"We thought this was a really fantastic opportunity to accelerate the creation of an alternative internet," McCourt told the Associated Press. McCourt wants to change TikTok's basic business to an open-source model that allows users and creators more control over their data. McCourt told the New York Times that he doesn't want the algorithm. "We doubt very much that China would sell TikTok with the algorithm," McCourt told the Times.
Persons: , Frank McCourt, McCourt, Kirkland, Ellis, TikTok, Forbes, Tim Berners, Lee, TikTok . McCourt, Eric Schmidt, Steven Mnuchin, he's Organizations: Service, Guggenheim Securities, Business, Associated Press, Liberty, Los Angeles Dodgers, Big Tech, New York Times, Times Locations: China
The no-confidence resolution was introduced by the campus chapter of the American Association of University Professors, a professional faculty organization. The group that brought the no-confidence resolution against Dr. Shafik does not “represent many faculty and students at Columbia University,” the letter stated. On Wednesday, Dr. Shafik wrote a conciliatory note to students and published it in the school newspaper in lieu of a graduation speech. Of the 899 faculty members eligible to vote, 709 completed a ballot. There are about 4,700 full-time faculty members at Columbia, of which the Faculty of Arts and Science represents about 20 percent.
Persons: Nemat, Shafik, , ” Ben Chang, David Ahmed Ali, , Robert Newton, ” Dr, Newton, Liset Cruz Organizations: of Arts and Sciences, Columbia University, American Association of University, University Senate, Hamilton Hall, Columbia College, , Israel, Mailman, of Public Health, New School, City University of New, CUNY, New York University, Columbia, Ivy League, of Arts and Science Locations: Israel, Hamilton, Columbia, Gaza, City University of New York
The no-confidence resolution was introduced by the campus chapter of the American Association of University Professors, a professional faculty organization. Of the 709 professors who voted, 65 percent were in favor of the resolution and 29 percent were against it. Six percent abstained. The resolution particularly criticized Dr. Shafik’s decision to call the police into campus to clear a pro-Palestinian student encampment on April 18, even after the executive committee of the University Senate had unanimously told her not to do it. The resolution said that she had “falsely claimed” that the students were a “clear and present danger to the substantial functioning of the university,” arguing instead that they were peaceful.
Persons: Nemat, Shafik, Organizations: of Arts and Sciences, Columbia University, American Association of University, University Senate Locations: Israel
CNN —Donald Trump’s former fixer Michael Cohen goes back on the stand Thursday braced for another bruising day of cross-examination that is shaping up as the most crucial chapter in the first criminal trial of a former president. A suddenly compressed political calendarEvery criminal trial is a grave process since a defendant’s reputation and even liberty is on the line. The Supreme Court is expected to deliver its decision on Trump’s sweeping claims of immunity from prosecution. That would almost certainly delay Trump’s trial in his federal election interference case until after the election, meaning he wouldn’t be brought to account for the worst attack on democracy in modern times before a subsequent election. In that case, the hush money trial may be the only one held before the election.
Persons: Donald Trump’s, Michael Cohen, Cohen, Trump, Trump’s, , Todd Blanche, CNN’s Paula Reid, Blanche –, Blanche, Reid, , he’d, It’s, there’d, Joe Biden, Biden, they’d, he’s, Mike Johnson Organizations: CNN, Trump, , ABC, GOP, Republican Locations: New York, Manhattan, Georgia, Florida
Congress created the bureau in 2010 to protect consumers from financial scams. The payday lending groups sued over a 2017 bureau rule that prohibited attempts to withdraw payments from accounts after two consecutive tries failed due to insufficient funds. Because of that, the conservative appeals court tossed the payday lending rule. The Biden administration appealed to the Supreme Court in 2022. CNN Supreme Court analyst Steve Vladeck said the ruling is another instance of the high court not endorsing controversial opinions from the 5th Circuit.
Persons: Clarence Thomas, Biden, Massachusetts Democratic Sen, Elizabeth Warren, ” Thomas, Steve Vladeck, , would’ve, , Vladeck, Samuel Alito, ” Alito, Neil Gorsuch, Stuart, Trump Organizations: CNN, Massachusetts Democratic, Federal Reserve, Circuit, University of Texas School of Law Locations: New Orleans
The index has rallied nearly 30% from its January low, having entered a bull market earlier this month. Longfor Group, the ninth largest homebuilder in China, surged 11%, becoming the top performing stock on the Hang Seng Index. “We think this is a largely symbolic move to show support for the sector with a ‘national team’ for the housing market,” said Citi analysts. “We are cautiously optimistic about the ‘government-led buying on unsold units’ as it’s still being rolled out in more cities, “ said Jeff Zhang, an equity analyst at Morningstar. Nasdaq Golden China Index, which tracks Chinese companies listed on Wall Street, has gained 11% since the start of April.
Persons: , , Jeff Zhang Organizations: Hong Kong CNN, Longfor, China Holdings, National Development, Reform Commission, , Citi, ING Group, Morningstar, homebuyers, Communist Party, Nasdaq Locations: China, Hong Kong, Beijing, Hangzhou, Xi’an, Chengdu, Shanghai
On May 9, the Miss USA organization announced that Gankiewicz would become Miss USA following Voigt's resignation. She also told the outlet she's only had positive experiences with both Miss Hawaii USA and Miss USA. AdvertisementThe Miss Teen USA first runner-up didn't accept her crownTwo days after Voigt gave up her title, Miss Teen USA UmaSofia Srivastava also resigned. Miss USA Noelia Voigt and Miss Teen USA UmaSofia Srivastava both resigned. Chance Yeh/Getty Images for Supermodels UnlimitedHer crown was offered to Stephanie Skinner, the first runner-up in the Miss Teen USA pageant and Miss Teen New Jersey for 2023.
Persons: , Gankiewicz, Noelia Voigt, Miss Teen USA UmaSofia Srivastava, Voigt, Josh Green, Miss USA, It's, They've, didn't, Chance Yeh, Stephanie Skinner, Skinner, Claudia Michelle, Colorado Arianna Lemus, BI's Anneta Konstantinides, Srivastava, NDAs, Jackeline Voigt, Barbara Srivastava, Miss USA's, Laylah Rose Organizations: Service, Miss USA, Miss Hawaii, Miss Teen USA, Business, Miss, CNN, Miss Hawaii USA, Teen USA, Miss Teen Locations: Miss USA, Hawaii, Honolulu, Miss Teen New Jersey, Instagram
The In-n-Out logo is displayed on the front of an In-n-Out restaurant on October 28, 2021 in Pleasant Hill, California. The new ranking doesn't surprise LaShawn Davis, a leadership and workplace culture expert who founded and runs consulting firm The HR Plug. Davis has worked in human resources for more than a decade, and says it's clear why In-N-Out Burger rivals those tech companies when it comes to leadership and culture. "It starts with the CEO," Davis tells CNBC Make It. In-N-Out's CEO is Linsi Snyder, 42, who took over her family's business at age 27 after a series of family deaths.
Persons: Burger, LaShawn Davis, Davis, Linsi Snyder, Snyder, NBC's, Lynsi Snyder, Lynsi Torres, Rod Association's Lucas, Bob Johnson, , Forbes —, Daniel Zhao, who've, Zhao Organizations: Nvidia, CNBC Locations: Pleasant Hill , California, Burger, Redding , California
The House vote has seemingly been partly designed to put pressure on Democrats and is expected to expose divisions within the party over the issue. The bill is unlikely to be taken up in the Democratic-led Senate and the White House has said that Biden would veto the bill if Congress passed it. The Biden administration on Tuesday began the early stages of a process to move ahead with a new $1 billion arms deal for Israel, according to two congressional sources. The move comes as the Biden administration has paused the shipment of 2,000-pound bombs and 500-pound bombs to Israel, citing opposition to the weapons being used in the densely populated areas of Rafah. Biden has come under extraordinary pressure, including from some members of his own party, to limit shipments of arms amid a humanitarian crisis in Gaza.
Persons: Joe Biden, Biden, CNN’s Erin Burnett, Benjamin Netanyahu, Israel ”, Adam Smith, , ” Smith, , Kevin Liptak, Kylie Atwood Organizations: CNN, GOP, Congress, State Department, Defense Department, National Security Council, Democratic, White, Tuesday, House Democratic, Hamas, Israel, ” Democratic, House Armed Services Committee Locations: Israel, Gaza, United States, Rafah
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Thousands of ad operations professionals log in daily to several different adtech platforms, setting campaigns live, tinkering with budgets and targeting, and producing reports. AdvertisementThe no-code platform allows users to use natural-language prompts to configure different "autopilots" across the various platforms they use. An ad-operations professional at a streaming company might use PilotDesk to automate tasks related to managing orders, campaign tracking, and post-campaign reporting. Check out the key slides from the pitch deck that helped PilotDesk secure $3 million in seed funding.
Persons: , PilotDesk, Joe Hirsch, Hirsch, Phil Herget, Herget Organizations: Service, Business, Google, Labor, Ardent Venture Partners, Roster Capital, Ardent
More than 5,000 Mercedes-Benz workers in Alabama are voting this week on whether to join the United Automobile Workers union, a decision both supporters and opponents say will have consequences far beyond two factories near Tuscaloosa where the German carmaker churns out luxury sport utility vehicles and batteries for electric cars. Conservative political leaders have portrayed the union campaign to organize Mercedes workers as an assault by outsiders on the region’s economy and way of life. The vote tally is expected to be released by federal officials on Friday. Six Southern governors, including Kay Ivey, an Alabama Republican, issued a statement last month criticizing unions as “special interests looking to come into our state and threaten our jobs and the values we live by.” Alabama recently passed a law intended to discourage union organizing. For the union, a win would add to a string of victories in the South, where organized labor has traditionally been weak, and provide momentum to the U.A.W.’s efforts to win over workers at other nonunion automakers like Hyundai, Toyota, Honda and Tesla.
Persons: Kay Ivey Organizations: Benz, United Automobile Workers, Conservative, Six, Alabama Republican, , Hyundai, Toyota, Honda Locations: Alabama, Tuscaloosa, Six Southern, ” Alabama
Read previewTwo-year-old Graza has popularized squeeze bottles filled with olive oil that appear in seemingly every food influencer's social videos. And those influencers are playing a key role in the brand's largest product launch to date beyond the squeezable bottles: Beer-can refills. On May 9, Graza rolled out beer cans of olive oil, sending the new product to about 300 creators, said Kendall Dickinson, head of social and influencer marketing for Graza. The goal was to show people how to refill the signature squeezable bottles with more sustainable cans and a kitchen funnel. For example, a TikTok and Instagram video shows how to make onion rings using Pabst Blue Ribbon beer and Graza's olive oil.
Persons: , Graza, Kendall Dickinson, Andrew Benin, influencers, Dickinson, Harris Teeter, We've Organizations: Service, Graza, Business, Procter, Gamble, Walmart Locations: Benin
Anduril founder Palmer Luckey believes the technology will lead to better decision-making and fewer blunders. Putin wouldn't have invaded Ukraine when he did if AI had helped him strategize, Luckey told Bloomberg. But Anduril founder Palmer Luckey believes the technology will improve war for everyone. "AI is going to be a tool to put all the cards on the table for everyone," Luckey told Bloomberg's Emily Chang in the latest episode of "The Circuit." "My hope is that you're going to have dictators who make better decisions because even they have better information from AI."
Persons: Palmer Luckey, Putin wouldn't, strategize, Luckey, , Emily Chang Organizations: Bloomberg, Service, Business Locations: Ukraine
CNN —House Republicans will take their first step towards holding Attorney General Merrick Garland in contempt of Congress on Thursday for refusing to turn over the audio recordings of special counsel Robert Hur’s interviews with President Joe Biden. The House Oversight and Judiciary committees will each hold markups on their respective reports recommending a contempt of Congress resolution against Garland for failing to comply with a congressional subpoena. If passed out of the committees, the resolutions would next go to the House floor for a vote by the whole chamber. While Hur’s probe led to no charges against the president, Republicans have seized on Hur’s description of Biden as a “well-meaning, elderly man with a poor memory” in his final report. DOJ has also outlined distinct privacy concerns related to an audio recording of an interview compared to a written transcript, and how the release of such an audio file could dissuade cooperation from future witnesses in criminal investigations.
Persons: General Merrick Garland, Robert Hur’s, Joe Biden, Garland, Hur, Biden, Mark Zwonitzer, Carlos Uriarte, ” Uriarte, , , Donald Trump Organizations: CNN — House Republicans, of Justice, Republicans, CNN, DOJ, House Republicans, Republican, ” Republicans Locations: New York City
Read previewTwenty years after Dan Niles started running his tech-focused portfolio at Lehman Brothers, he's looking to grow. Niles, a longtime money manager running the Satori Fund and a frequent market commentator, has only recently taken over the fund entirely. After the collapse of Lehman Brothers, which the fund was a part of, Niles spun the fund out. Now, under a new brand — Niles Investment Management — and with the current market environment, Niles is eyeing hundreds of millions in new capital for the fund. "Since 2007, it's been the right product at the wrong time," Niles said about his strategy in an interview with Business Insider.
Persons: , Dan Niles, Lehman, Niles, it's, he's, Stanley Druckenmiller, George Soros, I've Organizations: Service, Lehman Brothers, Business, Niles Investment Management, Google, Microsoft, Amazon Locations: Niles, West Coast, South Florida, Seattle
The woman in the video looks resolute, and a little sad, as she cuts up a pack of birth control pills. “These silly little pills have literally ruined me as a person,” reads the caption. Anecdotal reports from news outlets have suggested that women are quitting the pill in large numbers because of this type of online post. But, according to initial data, prescriptions for the birth control pill are not actually declining at all. Even among those aged 15 to 34, who would be most likely to see negative social media posts, Trilliant found prescriptions had increased.
Persons: , , Deborah Bartz, Trilliant Organizations: Brigham, Women’s, Trilliant Health Locations: United States
But former President Donald Trump says he isn't too bothered by the bad press. "She had a bad week. We all have bad weeks," Trump said. AdvertisementFormer President Donald Trump doesn't appear to be too bothered by the criticism surrounding South Dakota Gov. She had a bad week.
Persons: Kristi Noem, Donald Trump, Trump, , Donald Trump doesn't, Kristi Noem's, there's, Clay Travis, Buck Sexton Organizations: South Dakota Gov, Service, South Locations: South Dakota
CNN —Slovakia’s prime minister, Robert Fico, is out of danger after being shot five times and undergoing surgery, officials say, following an assassination attempt that rocked the central European country and sparked global condemnation. Footage from the scene showed the injured prime minister being bundled into a vehicle by his staff, before it speeds away with him inside. undefined — Slovakia's Prime Minister Robert Fico walks during the European Council summit at the EU headquarters in Brussels, on April 18, 2024. Unlike the president, whose role has limited scope, the prime minister holds rank as the decision-making head of government. Fico previously served as Slovakia’s prime minister for more than a decade, first between 2006 and 2010 and then again from 2012 to 2018.
Persons: CNN —, Robert Fico, Fico, Tomáš Taraba, , Zuzana Čaputová, Kenzo Tribouillard, Šutaj Eštok, ” Fico Organizations: CNN, EU, Getty, Ukraine, Kyiv, NATO, Reuters Locations: Handlova, Banská Bystrica, Brussels, AFP, Slovakia
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