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A few months ago, a top prosecutor on former President Donald J. Trump’s classified documents case stood up in court and told Judge Aileen M. Cannon that he was concerned about the pace of the proceeding, gingerly expressing his desire to keep the matter “moving along.”Almost instantly, Judge Cannon got defensive. “I can assure you that in the background there is a great deal of judicial work going on,” she snapped. “So while it may not appear on the surface that anything is happening, there is a ton of work being done.”In some sense, Judge Cannon had a point. Much of what judges do unfolds out of sight in the sanctity of their chambers. But at seven public hearings over more than 10 months, Judge Cannon has left an increasingly detailed record of her decision-making skills and judicial temperament.
Persons: Donald J, Trump’s, Aileen M, Cannon, Judge Cannon
My dad owned a wide variety of businesses. My dad worked the grill and made the hot dishes while my mom took customer orders and packed the food. AdvertisementI vouched for my dad at my jobMy dad told me that he still wanted to work after he sold the lease. That's when I thought he could get a job working in the kitchen at the hospital where I worked. I talked to the manager of food services at my hospital and asked if they'd give my dad a job in the kitchen.
Persons: he'd, Ryu, Grace Ryu, , He's, they'd, I'd, he's, I've, She's Organizations: Service, Business Locations: Maryland, Baltimore, Ocean City, California, America
London CNN —The owner of Royal Mail has accepted a £3.5 billion ($4.5 billion) takeover bid from Czech billionaire Daniel Křetínský, paving the way for the sale of one of Britain’s oldest and most iconic institutions to a foreign owner for the first time. The deal follows a torrid few years for Royal Mail, which was privatized in 2013. “Royal Mail is as British as it gets, and Labour will take the necessary steps to safeguard its undeniable identity and place in public life,” he wrote in the letter, which he posted on X. A low-profile Czech national, Křetínský made his fortune through a sprawling empire of European energy companies, retailers and football clubs. He is worth an estimated $7.7 billion, according to the Bloomberg Billionaires Index, and owns a 27% stake in West Ham United Football Club.
Persons: Daniel Křetínský, Křetínský’s, Jonathan Reynolds, , Křetínský Organizations: London CNN, Royal Mail, Distribution Services, Labour Party, Conservative, Labour, Royal, Bloomberg, West Ham United Football Club Locations: Czech, United Kingdom, West
When her daughter enrolls in kindergarten soon, Horrocks said she will return to the workforce but not to the high-stress position she held. Instead, given the luxury to pursue her passions, she's considering financial coaching or planning as options. "I think work is not the goal. She no longer needs to strive for the highest-paying or most prestigious position, and she's considered becoming a financial coach to help people achieve their financial goals. "Also, a lot of financial advisors don't have their client's best interests at heart and aren't wealthy themselves."
Persons: Sabina Horrocks, Horrocks, isn't hustles, Nobody's, We've, They've, we've, she's Organizations: Service, Business, Advisors Locations: Chicago
However, the average millennial reported roughly $63,000 in retirement savings so far. While millennials will need more money to retire comfortably, many are far away from the savings milestone experts suggest. What's more, the future of the US Social Security system is uncertain, and longer expected lifespans — while a positive development — will require more retirement savings. How to figure out how much retirement savings you needTiffany Bell, a 36-year-old business management professional based in Houston, didn't always take retirement savings seriously. How millennials can get their retirement savings back on trackWhile some millennials are struggling financially, it's not all doom and gloom when it comes to their retirement prospects.
Persons: Nathaniel Hudson, Hartman, millennials, Tiffany Bell, didn't, Bell, she's, they're, Chris Chen, Chen, Judi Leahy, it's, Leahy, NerdWallet, Bell —, , X, What's, Nilay Gandhi, Roth, Rita Assaf, Assaf, Gandhi Organizations: Business, Northwestern Mutual, Pew, US Social Security, Fidelity, Financial, Citi, Wealth Management, Vanguard, Big, CFP, Roth IRA, Fidelity Investments, Savings, Hudson Locations: Portland, Houston, New York, Montana
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow Jones Industrial Average fell more than 200 points after hawkish comments from Minneapolis Federal Reserve President Neel Kashkari. Fed's Kashkari seeks more inflation dataThe Federal Reserve should wait for significant progress on inflation before cutting interest rates, Kashkari told CNBC on Tuesday. GameStop soarsShares of GameStop jumped more than 20% after the video game retailer announced it raised $933 million from a share offering. [PRO] Riding the AI boomCNBC's Todd Gordon analyzes a cybersecurity company that could benefit from investor enthusiasm for artificial intelligence-related stocks.
Persons: Neel Kashkari, Fed's Kashkari, Kashkari, Vasu Raja, Raja, Korea's, Hang Seng, Todd Gordon Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Minneapolis Federal, Federal, American Airlines, GameStop, Japan's Nikkei, China's CSI, International Monetary Fund Locations: Minneapolis, Asia, Pacific
I always wanted to work in Big Tech, and when I graduated from college, I made it happen. Working in Big Tech has lots of perksI loved learning how each of these big companies operated. Related storiesI realized I was just making big companies more money. The people around me would only talk about other tech companies and tech advancements and only hang out with other tech workers. Since leaving Big Tech, I feel like a new personI'm so much happier now.
Persons: , Jean Kang, who's, It's, Pinterest, overdeliver, I'm, I'd, hustles, I've, would've Organizations: Service, Meta, Intuit, LinkedIn, Big Tech, Business, Big Locations: San Francisco, Big, Big Tech, Japan, Korea
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nasdaq hits record in muted tradeThe Nasdaq Composite closed above 17,000 for the first time, driven by a surge in Nvidia shares, in an otherwise lackluster day for the market. The yield on the 10-year Treasury note rose following a $70 billion Treasury Department auction of 5-year notes that met with weak demand. T-Mobile plans to use U.S. Cellular's wireless spectrum to improve coverage in rural areas.
Persons: Neel Kashkari, Vasu Raja, Raja, Ryan Salame, Sam Bankman, Salame, Todd Gordon Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Minneapolis Federal, . American Airlines, American Airlines, Mobile, U.S, Cellular, U.S . Cellular, GameStop, Commission
What to Know About the Open Versus Closed Software Debate
  + stars: | 2024-05-29 | by ( Mike Isaac | ) www.nytimes.com   time to read: +1 min
Few debates have raged longer and more contentiously in the computing industry than one: Is “open source” better than “closed” when it comes to software development? Source code makes up the underlying building blocks of the apps you use. Developers can write tens of thousands of lines of source code to create programs that will run on a computer. Open-source software is any such computer code that can be freely distributed, copied or altered to a developer’s own ends. The nonprofit Open Source Initiative, an industry organization, sets other stipulations and standards for what software is considered open source, but it is largely a matter of the code’s being free and open for anyone to use and improve.
Organizations: Google, Microsoft, Initiative
Opinion | You Can’t Perform a Good Marriage
  + stars: | 2024-05-29 | by ( Jessica Grose | ) www.nytimes.com   time to read: +1 min
I saw the new Netflix documentary series “Ashley Madison: Sex, Lies & Scandal,” anticipating just some prurient garbage to half-watch before drifting off to sleep. That’s because ashleymadison.com is a website for married people looking to find partners in infidelity — its tagline is “Life is short. The heart of the series comes from the couples who were affected. Though one couple that had an open marriage seemed unruffled by the invasion of privacy, two other families are featured that were devastated by the hack. One of those couples is Sam and Nia Rader, a Texas-based Christian vlogging couple who had gone viral a few times before the hack.
Persons: Ashley Madison, , Daniel Victor, Nia Rader, ” Sam Rader, “ vlogging, John Gibson, Christi Gibson Organizations: Netflix, YouTube, Disney Locations: Texas, Louisiana
CNN —Archaeologists in France have uncovered nine “astonishing” graves containing the skeletons of 28 horses that were buried about 2,000 years ago, though their precise cause of death remains a mystery. All these horses were buried at the same time shortly after their deaths, archaeologists said after observing the position of the skeletons and the connections between the bones. That leaves, archaeologists said, the possibilities that these horses were either killed in battle or as part of a ritual sacrifice. The horses may have been killed in battle or sacrificed. If these horses were indeed buried as part of a ritual rather than killed in battle, the sheer number shows the “importance and extent of the sacrifice,” the statement added.
Persons: Julius Caesar, Gaul Organizations: CNN — Archaeologists, French National Institute for Preventive Archaeological Research, Inrap Locations: France, Villedieu
This means there's a lag time when selling private shares, unlike stocks that can be sold within a millisecond of hitting a button. AdvertisementFinally, when a company goes public, there's a lock-up period. Depending on the platform the shares were purchased through, pre-IPO holders may still sell their shares to others within the platform, Endoso said. One example of a private AI company that recently went public in late March is Astera Labs (ALAB), which was trading near $69 as of Tuesday. 5 early-stage AI companiesAs for forward-looking AI investment opportunities with IPO prospects, Endoso pointed to five promising companies he's excited about.
Persons: , scurrying, Russell, It's, Joe Endoso, it's, Endoso, there's, Anthropic, Claude, Elon Musk Organizations: Service, Business, Venture, Cambridge Associates, Venture Capital, Securities and Exchange Commission, Astera Labs, Endoso, Bloomberg, Elon, Nvidia
CNN —Weird, dark but compulsively watchable, “Eric” stars Benedict Cumberbatch and a hulking foul-mouthed puppet, not necessarily in that order. When Edgar abruptly goes missing, both parents blame Vincent, who becomes convinced his child’s drawings of an ogre-like puppet named Eric are somehow the key to finding him. As Vincent turns to self-medication to ease his anxiety and guilt, Eric appears to him, and him alone, ostensibly to help him locate the boy. Ivan Howe plays the missing child in Netflix's "Eric." Eric might need somebody to pull his strings, but give credit to “Eric” – especially considering the challenging nature of the concept – for so effectively tying those threads together.
Persons: “ Eric ”, Benedict Cumberbatch, Edgar, Ivan Howe, Vincent, Cumberbatch, , Cassie, Gaby Hoffmann, isn’t, Eric, Lennie, Dan Fogler, Abi Morgan, McKinley Belcher III, , hasn’t, Henry Sugar, Morgan, Eric ”, “ Eric ” – Organizations: CNN, Netflix, Locations: New York, Netflix's, Welsh, York
I always wanted to work in Big Tech, and when I graduated from college, I made it happen. Working in Big Tech has lots of perksI loved learning how each of these big companies operated. Related storiesI realized I was just making big companies more money. The people around me would only talk about other tech companies and tech advancements and only hang out with other tech workers. Since leaving Big Tech, I feel like a new personI'm so much happier now.
Persons: , Jean Kang, who's, It's, Pinterest, overdeliver, I'm, I'd, hustles, I've, would've Organizations: Service, Meta, Intuit, LinkedIn, Big Tech, Business, Big Locations: San Francisco, Big, Big Tech, Japan, Korea
Johannesburg, South Africa CNN —Millions of South Africans are voting in what is expected to be the most pivotal general election since the end of apartheid. While polling can be challenging in South Africa, most analysts believe that the ANC faces its stiffest challenge yet with a population deeply frustrated by the country’s direction. SOUTH AFRICA GENERAL ELECTION 101 South Africa uses a “proportional representation” system. South Africa is the most unequal country in the world, according to the World Bank. This is the seventh general election South Africa has held since the end of white minority rule 30 years ago.
Persons: Nelson Mandela, Cyril Ramaphosa, ” Ramaphosa, Anders Pettersson, Jacob Zuma’s uMkhonto, Zuma, , , John Steenhuisen Organizations: South Africa CNN, National Congress, ANC, SOUTH, Independent Electoral, South, World Bank . Citizens, Workers, African National Congress, Fighters, Jacob Zuma’s uMkhonto weSizwe Party, Democratic Alliance, Party Locations: Johannesburg, South Africa, SOUTH AFRICA, Africa, Alexandra Township, Benoni
Seoul/Hong Kong CNN —A labor union representing tens of thousands of workers at Samsung Electronics in South Korea has called a one-day strike next week, in what would be the first such walkout at the smartphone and chipmaking giant. The Nationwide Samsung Electronics Union (NSEU) said on Wednesday during a press conference streamed on its official Youtube channel that its 28,000 members — just under a quarter of the company’s total workforce in the country — would strike on June 7, following failed negotiations over pay and bonus arrangements. Son Woomok, leader of the Nationwide Samsung Electronics Union, speaks to CNN on May 29, 2024. The vast majority of the world’s advanced microchips are made in just two places: Taiwan and South Korea. Taiwan’s industry is larger and more dominant, something South Korea is keen to challenge.
Persons: , , Woomok, Yoonjung Seo, chipmaker Organizations: Hong Kong CNN, Samsung Electronics, Nationwide Samsung Electronics Union, CNN, Samsung, Wall Street, Intel Locations: Seoul, Hong Kong, South Korea, Taiwan
New York CNN —Walgreens is joining other retailers in cutting prices across the board, from snacks to toiletries and even Squishmallows, in an effort to lure back inflation-weary shoppers turned off by high prices. Prices are dropping immediately on more than 1,500 items online and at its stores, which include both name and store brands, Walgreens announced Wednesday. In the past few weeks, competitors including Target, Walmart and Amazon slashed prices on thousands of household goods to rev up consumer spending. “Walgreens understands our customers are under financial strain and struggle to purchase everyday essentials,” said Tracey D. Brown, Walgreens’ retail president and chief customer officer, in a release. Meanwhile, a host of other retailers report earnings Thursday, including Dollar General and Costco.
Persons: , Tracey D, Brown, , we’ve, Alliance’s, isn’t, Sarah Wyeth, “ There’s, ” Wyeth, Parija Kavilanz Organizations: New, New York CNN, Walgreens, Target, Walmart, Dollar, Costco, Shoppers Locations: New York
The younger generation in Japan has frequently called out their elders for their casual sexism, excessive work expectations and unwillingness to give up power. But a surprise television hit has people talking about whether the oldsters might have gotten a few things right, especially as some in Japan — like their counterparts in the United States and Europe — question the heightened sensitivities associated with “wokeness.”The show, “Extremely Inappropriate!,” features a foul-talking, crotchety physical education teacher and widowed father who boards a public bus in 1986 Japan and finds himself whisked to 2024. He leaves an era when it was perfectly acceptable to spank students with baseball bats, smoke on public transit and treat women like second-class citizens. Landing in the present, he discovers a country transformed by cellphones, social media and a workplace environment where managers obsessively monitor employees for signs of harassment.
Persons: Locations: Japan, United States, Europe
CNN —Children’s sketches of violent scenes of gladiators and hunters battling animals have been uncovered at the archaeological park of Pompeii, the park’s superintendent has said. The drawings, thought to be made by children between the ages of five and seven sometime before Mt. Vesuvius erupted in 79 AD, were found on the walls of a back room in the “Island of chaste lovers” residential sector of the archaeological park. The drawings depict a fight scene with two gladiators, spears in hand, facing what is likely to have been intended to be wild boars. So far, they have determined that the drawings likely came from “direct vision” of an event rather than from pictorial models.
Persons: ” Gabriel Zuchtriegel, Department of Child Neuropsychiatry, Naples ’ Federico, ” Zuchtriegel Organizations: CNN, Department of Child, Naples ’, University Locations: Mt, , Pompeii, Naples
On the Miami River recently, a parade of gleaming white pleasure boats cruised through the city. Half-naked revelers basked on their decks, swaying to Taylor Swift anthems and waving bottles of champagne as they floated by. A few yards away, in the windowless conference room of an aging Hyatt hotel, a group of Florida Democrats was far more sober. The state may be known for careless hedonism and family pleasures, but Democrats will be spending the summer working on a very serious and nearly desperate plan to rescue the Florida Democratic Party. Nikki Fried, the last Democrat elected to statewide office in Florida — over half a decade ago, as agriculture commissioner — dug her heels into the carpeted floor.
Persons: Taylor Swift, Nikki Fried, , “ It’s, Fried Organizations: Hyatt, Florida Democrats, Florida Democratic Party, Democrat, Democratic Party Locations: Miami, Florida, Florida —
Several stocks are well-positioned to benefit from any power supply bottlenecks resulting from rapid growth in data centers, according to 11 analysts at TD Cowen who compiled a 169-page report. As a result, they're building data centers where power is available, investing in transmission lines and exploring the use of nuclear energy . Brookfield Renewable Partners , an international renewable power producer and developer, is another beneficiary of the data center boom. "The recently signed framework agreement... is a clear example of BEP's exposure to corporate [power purchase agreement] momentum associated with data center demand. That will contribute to the energy supply needed to power data centers.
Persons: Cowen, Michael Elias, Elias, FactSet, TD Cowen, Sean Steuart, it's, Cowen's David Deckelbaum, Coterra Organizations: Amazon, Oracle, Digital Realty Trust, Digital Realty, Digital, Brookfield Renewable Partners, Microsoft, Brookfield, NuScale Power Corp, Reactor, Regulatory, Energy, Coterra Energy Locations: Northern Virginia, Silicon, Tuesday's, U.S, Europe, Brookfield, Appalachia
Washington CNN —Boeing is expected to release a plan this week to fix its endless string of safety issues that have been under federal investigation following a midflight fuselage blowout in January. Since then, the FAA and Boeing have met multiple times about the company’s progress and the plan’s scope. FAA Administrator Mike Whitaker said last week he sees the plan as only the “beginning” of a process for Boeing. Boeing later agreed to financial penalties and a deferred prosecution agreement to settle a criminal charge of defrauding US regulators. Its marching orders for the plan include addressing the audit and expert panel findings and explaining how it will integrate safety and quality assurance policies into practice.
Persons: Mike Whitaker, “ It’s, ” Whitaker, Max, Dave Calhoun, David Ryder, Whitaker, AeroSystems, Brian West, “ We’re, we’ll Organizations: Washington CNN, Boeing, Aviation Administration, FAA, ABC, Air Force, Alaska Airlines, Transportation Safety, Department of Justice, CNN, Employees, Locations: Portland , Oregon, Wichita , Kansas, Renton , Washington
Seoul, South Korea CNN —North Korea has adopted a new strategy to contend with its southern neighbor: sending floating bags of trash containing “filth” across the border, carried by massive balloons. South Korean authorities said the balloons, which landed in several locations, were filled with "filth and garbage." “All responsibility arising from the North Korean balloons lies entirely with North Korea, and we sternly warn North Korea to immediately stop its inhumane and low-level actions.”Local governments also sent messages to residents in the northern Gyeonggi and Gangwon provinces to warn of the “unidentified objects,” and advised against outdoor activities. Earlier this year a South Korean research group has released rare footage that it claimed showed North Korean teenagers sentenced to hard labor for watching and distributing K-dramas. But the situation in North Korea deteriorated in the following years and diplomatic talks fell apart – prompting strict rules to snap back into place in the North.
Persons: , Kim Kang Il, KCNA, Staff “, ” Kim, Kim Jong Un, Kim Jong Organizations: South Korea CNN, South Korean, country’s, Chiefs of Staff, United Nations Command, Korea’s, Chiefs, Staff, North Korea’s, National Defense, South, South Korea’s, Reuters, North, Fighters Locations: Seoul, South Korea, Korea, North Korea, Gyeonggi, Gangwon, Korean, South, China
The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.
Persons: , MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London
My son was named after a cartoon dog: Copper, from the "Fox and the Hound." We have met many dogs named Copper in the nearly seven years of his life. The 1981 film follows a dog named Copper and a fox named Todd who become the best of friends, so it was only natural we had a fox-themed nursery when Copper was born. Bethaney Phillips and her husband named their first son Copper and their second son Colt. It's pretty straightforward, yet, here we are, finishing his kindergarten year, with people still surprised — and even delighted — at the boy named after the cartoon dog.
Persons: Disney, Todd, Copper, it's, I've, Cooper, Colt, doesn't, Bethaney Phillips, we'd, he's, Organizations: Service, Fox, Business
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