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☆ Robin Williams wrote a letter to a school principal urging they 'rethink' the expulsion of a 'Mrs. Doubtfire' child star
▼ + stars: | 2024-05-04 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Read previewOne of the child stars of "Mrs. Doubtfire" revealed that Robin Williams went to bat for her after she was expelled for taking time off to star in the blockbuster comedy film. "Mrs. Doubtfire" starred Williams as a divorced dad who hatches an elaborate plan to imitate a female housekeeper so he can work for his estranged wife and see his children. "I got thrown out of high school on 'Doubtfire,'" Jakub told her costars. I was attending high school in Canada, then I left for four months to go film the movie." Speaking to Business Insider last year on the 30th anniversary of the movie, "Mrs Doubtfire" director Chris Columbus said that he and Williams began discussing the possibility of a sequel in 2014.

Persons: —, Doubtfire, Robin Williams, Williams, Lisa Jakub, Sally Field's, Mara Wilson, Matthew Lawrence, Jakub, Robin, Sally Field, Lawrence, hadn't, Chris Columbus Organizations: Service, Business, Fox, University of Southern, LA Locations: Canada, University of Southern California, Columbus

☆ US Marine Corps urgently modernizes its counter-drone capabilities to keep pace with Russia and China
▼ + stars: | 2024-05-03 | by ( Drew F. Lawrence | ) www.businessinsider.com time to read: +5 min

Read previewThe Marine Corps wants to field better counter-drone capabilities yesterday. Since that is not possible, the service says it's looking to get them to Marines right now, or at least very soon. Over the last five years, the Marine Corps has been improving its counter-drone systems as it looks to reshape the force and compete with near-peer adversaries. US Marines observed targets during a counter-unmanned aircraft system (UAS) range on Marine Corps Base Camp Lejeune in North Carolina. That challenge has only grown, according to officials Tuesday, and the need for the Marine Corps to thwart it is critical.

Persons: —, Steve Bowdren, It's, it's, Neil Mabini Bowdren, Stephen Lightfoot, Moises Sandoval Lightfoot, Camp, Military.com, Col, Brendan Sullivan, Lance Cpl, Anakin Smith, David Berger, Lightfoot Organizations: Service, Corps, Marines, Marine Corps, Modern, Business, Marine Air Defense Integrated Systems, US Navy, Marine Air Defense Integrated, Carter, . US Navy, Air Defense Battalion, Darwin, 1st Marine Division, Marine Corps Base, US Marine Corps, 24th Marine Expeditionary Unit, Light Marine Air Defense Integrated Locations: Washington ,, Russia, China, Yuma, Yuma , Arizona, Ukraine, Brig, Camp Lejeune, North Carolina

☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
▼ + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +13 min

Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.

Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton

☆ Affordable internet gave Native Americans a way to preserve community and culture. Now it’s another broken promise
▼ + stars: | 2024-05-01 | by ( Brian Fung | ) edition.cnn.com time to read: +12 min

Within weeks, the two-year-old US Affordable Connectivity Program (ACP) is set to run out of funds, and Congress appears unlikely to authorize more. Even as many older and rural Americans may be thrust into financial hardship due to the ACP’s collapse, indigenous communities could fare even worse. Because tribal members can now work remotely, they are no longer forced to move away from their communities to seek opportunity, they told CNN. For example, Mitchell said, after decades of decline in Mohawk fluency, a growing number of tribal members are now involved in online language immersion. (AP Photo/Seth Wenig) Seth Wenig/AP/FileInstead, some say, the collapse of the ACP will become another stain on the US government’s centuries-long track record of breaking promises to tribal communities.

Persons: Kelly, ”, “, “ That’s, ” Kelly, Mike Johnson, Pennsylvania Democratic Sen, John Fetterman, Fetterman’s, Jonathan Nez, “ I’ve, Loren King, Geoffrey Starks, ” Starks, Allyson Mitchell, Mitchell, Nez, ” Nez, Derrick VanSoolen’s, Choctaw, ” VanSoolen, they’re, Bois, Randy Long, Gary Johnson, Paul, Seth Wenig, I’ll Organizations: Washington CNN, Mohawk, CNN, Connectivity Program, FCC, Pennsylvania Democratic, Federal Communications Commission, Treasury, US Federal Communications Commission, Mohawk Networks, Navajo, ACP, Emergency, Program, Choctaw Nation, Bois Forte, Paul Bunyan Communications Locations: St, Lawrence, New York, Canadian, Mohawk, America, Navajo, Oklahoma, Oklahoma , Arizona, New Mexico, Alaska, South Dakota, Arizona, Minnesota, Regis

☆ Amy Schumer and Jennifer Lawrence intend to collaborate on a project with ‘grit’ instead of sibling comedy
▼ + stars: | 2024-04-30 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

“The way we’re hoping our careers go, we might do something with more grit and teeth,” Schumer told Variety in an interview published on Tuesday, referencing her and Lawrence’s ideal collaboration. A movie with “grit” is a departure from the sibling comedy that Schumer and Lawrence had previously announced that they were developing together. Nearly 10 years later, however, Schumer told the outlet she doesn’t think that project “will ever happen.”“Life kept going,” she said of the reason the film didn’t pan out. I don’t want to say any more than that.”Echoing Schumer’s sentiment, Lawrence also told the outlet that the project is indeed no longer on the table. And despite that project not panning out, the “No Hard Feelings” actor also told Variety this week that they still “have every intention of working together.”

Persons: Amy Schumer, Jennifer Lawrence, ” Schumer, Schumer, Lawrence, ”, “, “ Amy, ” Lawrence, Andy Cohen Organizations: CNN, New York Times, Variety

☆ ‘Numerous’ officers shot in ‘active situation’ in Charlotte, North Carolina, police say
▼ + stars: | 2024-04-29 | by ( Devon M. Sayers | Shawn Nottingham | ) edition.cnn.com time to read: +1 min

CNN —“Numerous law enforcement officers” have been shot in an “active situation” in Charlotte, North Carolina, police say. “The scene is still active. The incident is at the 5000 block of Galway Drive, police said, and a SWAT team is on scene. “Multiple law enforcement officers have been struck by the gunfire and are being transported to the hospital.”“Mayor Vi Lyles is monitoring the situation,” City of Charlotte spokesperson Lawrence Corley told CNN. Police said “gunfire continues on the scene” in an earlier post on X.

Persons: “, Galway Dr, Vi Lyles, Lawrence Corley Organizations: CNN, Mecklenburg Police, SWAT, US, Task Force, Police Locations: Charlotte , North Carolina, Charlotte, Galway, ”, ” City

☆ Supreme Court rejects Elon Musk over agreement with SEC to vet social media posts
▼ + stars: | 2024-04-29 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +2 min

He has long been an impulsive user of Twitter, now renamed X. Musk acquired the social media company in 2022. As part of that agreement, he signed off on the social media provision. His lawyers say in court papers that the SEC has waged an "ongoing campaign" against Musk. The provision "restricts Mr. Musk's speech even when truthful and accurate. The SEC responded in court papers that Musk had waived his right to bringing his argument when he signed off on the settlement.

Persons: Elon Musk, Tesla, Porte, WASHINGTON —, Elon Musk's, Musk Organizations: Twitter, Viva Technology, Porte de, WASHINGTON, Securities and Exchange Commission, New, Circuit, Appeals, SEC, Tesla Locations: Paris, France, New York

☆ How one nonprofit is turning to AI to help boost women's financial literacy
▼ + stars: | 2024-04-29 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

One women-focused nonprofit has launched a new way to help them get faster answers to their queries through the use of an online AI chatbot. The organization, Savvy Ladies, was founded more than 20 years ago by Stacy Francis, a certified financial planner and president and CEO of Francis Financial in New York City. After seeing her grandmother stay in an abusive situation because she lacked financial resources, Francis created the nonprofit with the goal of helping other women avoid similar situations. watch nowThe new chatbot — provided through Microsoft Copilot — allows visitors to the Savvy Ladies website to type in their financial questions and receive immediate answers curated from the website's content written by CFPs and other financial professionals. Investors are more likely to trust advice from generative AI tools than from social media, according to a survey released last year from the CFP Board, a professional organization representing professional financial planners.

Persons: Stacy Francis, Francis, CFPs, Judy Herbst, Michael Roberts, William H, Lawrence, Roberts Organizations: Francis Financial, Microsoft, CNBC's FA, Wharton School, University of Pennsylvania, CFP Locations: New York City, CNBC's

☆ Scammers stole more than $400,000 from a woman through an elaborate Publisher's Clearing House sweepstakes scam: police
▼ + stars: | 2024-04-27 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Scammers reportedly tricked a woman into believing she won $3 million, then stole $400,000 from her. AdvertisementScammers in Florida tricked a woman into thinking she won $3 million, then stole $400,000 from her bank account. AdvertisementDuring Friday's press conference, Judd said the scammers targeted an elderly woman with early signs of dementia. They told her she won $3 million in a Publisher's Clearing House sweepstakes, and that she needed to pay them taxes, Judd said. The Federal Trade Commission says the best way to spot a sweepstakes scam is to look at what the party offering the money asks you to do next.

Persons: Scammers, —, Michael Lawrence, Max Richards, Grady Judd, Lawrence, Richards, Judd, Polk Organizations: FTC, Service, Fox, Federal Trade Commission Locations: Florida, Polk County, Polk

☆ Opinion: What made Duke Ellington a true genius
▼ + stars: | 2024-04-27 | by ( Opinion Sammy Miller | ) edition.cnn.com time to read: +8 min

CNN —This spring marks both the 50th anniversary of Duke Ellington’s death, and what would have been his 125th birthday. I use their particular ways of expressing themselves and it all becomes part of my own style.”To know Duke Ellington is to know his band — although few can name its other members today. Composer and bandleader Duke Ellington hovers over fellow pianist and band member Billy Strayhorn in this 1948 photograph. “Ellington plays the piano, but his real instrument is the band,” Strayhorn said. If it involved music, Ellington gave it a shot, always with his band in tow.

Persons: Sammy Miller, Duke Ellington’s, Duke ”, Ellington, “, ” Ellington, Duke Ellington, Sonny Greer, Greer, Miley, Jimi Hendrix’s, Harry Carney, Billy Strayhorn, Strayhorn, “ Ellington, ” Strayhorn, ”, Juan Tizol, Lawrence Brown, Clark Terry, — Organizations: Juilliard, CNN, New, Washington D.C, Harlem Renaissance, Ellington, Getty Locations: Harlem, New York, Washington, New Orleans, Pittsburgh, Sugar

Mortgage rates should go down later this year, increasing affordability for many hopeful homebuyers. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 7.17% this week, according to Freddie Mac. 15-year Fixed Mortgage RatesThis week, average 15-year mortgage rates were 6.44%, a five-basis-point increase from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: Freddie Mac, Lawrence Yun, homebuyers, you'll, it's Organizations: National Association of Realtors, NAR, Zillow, Federal Reserve Locations: Chevron

☆ Stagflation fears just hit Wall Street. Now for the next crucial report on prices
▼ + stars: | 2024-04-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The Federal Reserve’s favorite inflation reading is due Friday morning. Investors are nervously awaiting the report after first-quarter US GDP came in softer than expected Thursday. Stocks tumbled as the slowdown in GDP, coupled with stubbornly high inflation data, stoked fears of stagflation. Wall Street earlier this year expected that the central bank would ease rates as many as six times in 2024, beginning in March. Yellen said the weaker reading was not “concerning,” mentioning that measures of underlying growth were strong in Thursday’s report.

Persons: Stocks, ”, Ayako Yoshioka, Janet Yellen, Alessandra Galloni, Alicia Wallace, ” Yellen, “, we’ve, Yellen, Read, Freddie Mac, Bryan Mena, Lawrence Yun Organizations: CNN Business, Bell, New York CNN, Gross, Commerce Department, Atlanta, Fed, Thursday’s, Group, Traders, Bank of America, Reuters, National Association of Realtors Locations: New York, Yellen

☆ US pending home sales jumped in March, beating expectations by a mile
▼ + stars: | 2024-04-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington CNN —Home sales based on contract signings jumped in March despite elevated mortgage rates that month. Contract signings rose across the country in March from the prior month, except in the Midwest. Hotter-than-expected inflation readings in recent months are now keeping the Federal Reserve from cutting interest rates anytime soon. Those are the so-called “golden handcuffs” of low mortgage rates. They began to climb in early 2022 when the Federal Reserve started to hike interest rates in a bid to tamp down high inflation.

Persons: ”, Lawrence Yun, ” Oliver Allen, it’s, Yun Organizations: Washington CNN —, National Association of Realtors, Federal Reserve, Treasury, Pantheon

☆ The US is under pressure to lead the way in reducing plastic pollution — but it keeps making more of it
▼ + stars: | 2024-04-25 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

World leaders are gathering in Ottawa, Ontario, this week to hash out a global treaty to end plastic pollution. This story is available exclusively to Business Insider subscribers. AdvertisementHundreds of businesses and countries support cutting plastic production. Lin represents the Business Coalition for a Global Plastics Treaty, which includes more than 200 companies. Cutting plastic production would also hit the bottom line of oil majors such as Exxon.

Persons: Carroll Muffett, Jose Fernandez, Biden, Allison Lin, Lin, Stewart Harris, Harris, Neil Nathan, Nathan, He's Organizations: Service, Business, Center for International Environmental Law, Organization for Economic Co, Lawrence Berkeley National Laboratory, State Department, Mars Inc, Business Coalition, Global Plastics, Walmart, PepsiCo, International Council of Chemical Association, Oxford Economics, Exxon, The International Energy Agency, UC Santa Barbara, US Locations: Ottawa , Ontario, Russia, Iran, Saudi Arabia, Washington, DC, Paris, Ottawa, Belgium

☆ A complete timeline of Karlie Kloss and Taylor Swift's friendship
▼ + stars: | 2024-04-24 | by ( Claudia Willen | Callie Ahlgrim | ) www.businessinsider.com time to read: +40 min

Taylor Swift and Karlie Kloss became inseparable after meeting at the 2013 Victoria's Secret Fashion Show. AdvertisementThe friendship of Taylor Swift and Karlie Kloss dates back to 2013, when the musician and the supermodel met backstage at the Victoria's Secret Fashion Show. AdvertisementApril 2014: Kloss and Swift are spotted together in New York CityTaylor Swift and Karlie Kloss often spent time together in New York City. November 23, 2014: Swift brings Kloss as her date to the American Music AwardsTaylor Swift and Karlie Kloss at the 2014 AMAs. July 11, 2015: Kloss appears at another of Swift's concerts in New JerseyTaylor Swift's friends went to her concert in New Jersey.

Persons: Taylor Swift, Karlie Kloss, Kloss, —, Swift, didn't, Katy Perry, Scooter Braun, Karlie, Michael Kovac, Jamie McCarthy, Milk, Christina Tosi, Randy Brooke, we're BFFs, I'd, Raymond Hall, Kate Bosworth, Harry Josh, Charles James, Oscar de la, They're, Alo Ceballos, She's, Rolling, James Devaney, Ben Stiller, Quinlin, SoHo Taylor Swift, Jeff Kravitz, Dick Clark, Antonio de Moraes Barros Filho, WireImage Kloss, Lily Aldrige, Martha Hunt, taylor, it's, Taylor, Matty Healy, Marie Claire, Beyonce, Jay, Justin Timberlake, Sam Smith, Michael, r was, els, rais, hou, "I, ove, stor, ste, "(M, bro, K, Ma y, orr, "B, Perry, tim e, oe Jonas, maki, J ohn Shea, dow, deo, cele, Jo, hatta, lia, nce, e, hough, lor h, 2016:, Joh, Delilah, L orde, Conn, Loo, ned the photo,, y, as well, loss and Swift, Augu, rld, kee, mus, raun, cate, rau, hite, theo, abou, ody, ted in a, ike H, Derek Bl Organizations: Big, Service, Vogue, Twitter, Hollywood Life, Big Sur, daisies, Surrey, Costume, Metropolitan Museum of Art, Getty, Swift, Apple, New York Knicks, Garden, Chicago Bulls, Madison, American, New York City's, Yahoo, New, YouTube, the de, acc, Adv, ober, Wil, unc, ift, who's known Locations: Big Sur, Swift's New York, New York City, Big, Instagram, New York, Manhattan, brunching, SoHo, Madison, SoHo Taylor, June., ber

☆ I went to the London pub Taylor Swift name-dropped on her new album. Swifties are turning it into a fan club and the owners are thrilled.
▼ + stars: | 2024-04-24 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +7 min

Taylor Swift fans believe "The Black Dog" on her new album is about a London pub with the same name. Tracy, Claudine, and Joy outside The Black Dog pub. Ayomikun AdekaiyeroThe Black Dog now serves Taylor Swift-themed burgers and drinksAnd the owners of The Black Dog couldn't be happier to be touched by the "Taylor Swift effect." Photos of Taylor Swift's lyrics outside The Black Dog Pub. The Taylor Swift effect can't be underestimated," she says, although won't tell me exactly how many fans have visited.

Persons: Taylor Swift, —, Tracy, Joy, Claudine, Swifties, Swift, Matty Healy, Joe Alwyn, Erika Goldring, Jeff Kravitz, Chris J Ratcliffe, I'm, Adekaiyero, Taylor, Travis Kelce, Lily Bottomley, Taylor Swift's, Bottomley, Healy, Alwyn, There's, it's, Asim, Lauren, Lawrence, Hollie Spence, Ashleigh Cusack, Spence, Cusack, She's, Ayomikun Adekaiyero Bottomley, We're Organizations: Swifties, Service, Swift, Poets Department, NFL Locations: London, New Zealand, Swifties, Instagram, Kent

☆ Justice Dept. Reaches $138.7 Million Settlement Over F.B.I.’s Failures in Nassar Case
▼ + stars: | 2024-04-23 | by ( Glenn Thrush | Juliet Macur | ) www.nytimes.com time to read: +1 min

The Justice Department said on Tuesday it would pay $138.7 million to resolve 139 claims by young women, including many top female gymnasts, of abuse by the former U.S.A. Gymnastics doctor Lawrence G. Nassar. The far-reaching settlement, which had been expected, stems from the failure of Federal Bureau of Investigation officials to promptly investigate credible claims that Mr. Nassar had sexually assaulted more than 150 women and girls under the guise of examinations and treatment. It likely marks the end of a yearslong effort by the gymnasts — including the Olympic gold medalists Simone Biles, McKayla Maroney and Aly Raisman — to achieve a measure of justice and public recognition that the institutions entrusted to protect young female athletes failed to protect them. While lawyers for the young women hailed the settlement, they cast the government’s monetary compensation for its early reluctance to fully investigate Mr. Nassar as a case of too little, too late.

Persons: Lawrence G, Nassar, Mr, Simone Biles, McKayla Maroney, Aly Raisman — Organizations: Gymnastics, Federal Bureau of

☆ Justice Department reaches $139 million settlement over FBI failures in investigation of Nassar gymnastics abuse claims
▼ + stars: | 2024-04-23 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +1 min

CNN —The Justice Department has reached a $138.7 million settlement with more than 100 victims of disgraced former USA Gymnastics team doctor Larry Nassar over the FBI’s initial failures in investigating the sexual assault case. More than 150 women and girls, including Olympic athletes, have alleged that Nassar sexually abused them under the guise of performing medical treatments. The FBI failed to investigate their claims, the victims say. In 2021, victims of Nassar reached a $380 million settlement with USA Gymnastics, the US Olympic Committee and their insurers. In 2022, the DOJ offered to begin settlement discussions with the sexual assault survivors.

Persons: Larry Nassar, Nassar, Lawrence Nassar, ” Benjamin Mizer Organizations: CNN, The Justice Department, USA Gymnastics, Olympic, FBI, Justice Department, USA, US Olympic Committee, DOJ Locations: Michigan, FBI Indianapolis

☆ Sheetz accused of racial discrimination in its hiring process
▼ + stars: | 2024-04-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —A federal agency accused a popular gas station chain of discriminating against Black, Native American and multiracial applicants in its hiring practices. The Sheetz criminal screening process disproportionately screened out applicants from those legally protected groups, the lawsuit announced by the US Equal Employment Opportunity Commission on Thursday alleged. In a statement, Sheetz said it “does not tolerate discrimination of any kind.”“We take these allegations seriously. As part of the hiring process, applicants must answer questions about their criminal justice history and go through a background check through a third-party vendor. The lawsuit seeks an order for Sheetz to end its current hiring practice and create equal employment policies and programs.

Persons: Sheetz, ” Nick Ruffner, EEOC, ”, Debra M, Lawrence Organizations: New, New York CNN, US, Employment, Civil, RAND Corporation Locations: New York, Court, Maryland, United States, Pennsylvania, West Virginia, Virginia, Maryland , Ohio, North Carolina, Coast

☆ Mortgage rates surge past 7%, reaching highest level since November
▼ + stars: | 2024-04-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington CNN —Mortgage rates soared this week, breaching the key 7% threshold and extending America’s home affordability crisis. Mortgage rates are climbing based on expectations that the Federal Reserve won’t cut interest rates anytime soon. Mortgage rates track the benchmark 10-year Treasury yield, which has risen to its highest level since November at 4.637%. If inflation stalls any further, or even worsens, mortgage rates could climb higher this year. Housing affordability is being stymied not just by high mortgage rates, but also by elevated home prices nationwide.

Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, “, Lawrence Yun Organizations: Washington CNN —, Federal, National Association of Realtors, Treasury, Index, NAR

☆ March homes sales dropped despite a surge in supply. Here's why.
▼ + stars: | 2024-04-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Rising mortgage rates are likely the cause of the slowdown. Mortgage rates stayed lower in January, in the mid 6% range on the popular 30-year fixed loan. Inventory did improve slightly, rising 4.7% month to month to 1.11 million homes for sale at the end of March. Investors pulled back a bit, making up 15% of sales, compared with 21% in February and 17% in March of last year. Mortgage rates have moved even higher this month, with the average rate on the 30-year fixed hovering around 7.5%, according to Mortgage News Daily.

Persons: Lawrence Yun, It's, Yun Organizations: National Association of Realtors, Investors, Mortgage News Locations: West, That's

☆ Tim Cook visits Singapore amid Apple's Southeast Asia expansion efforts
▼ + stars: | 2024-04-18 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Tim Cook, chief executive officer of Apple Inc., center, arrives at Apple Developer Academy at Binus University in Tangerang, Banten, Indonesia, on Wednesday, April 17, 2024. Apple's Tim Cook is in Singapore for the latest leg of his whirlwind tour around Southeast Asia as the CEO pivots toward the region for expansion and sales growth amid struggles in China. Cook's arrival in the city follows Apple's announcement of plans to invest over $250 million into its operations in Singapore. While the tech giant already employs 3,600 people in the country, Apple said the expansion will provide space for new roles, including in artificial intelligence. Apple did not immediately respond to a CNBC request for comment about Cook's itinerary.

Persons: Tim Cook, Apple's Tim Cook, Cook, Cook's, Lawrence Wong, Lee Hsien Loong, Lee, Wong, Apple, Joko Widodo Organizations: Apple Inc, Apple Developer Academy, Binus University, Bloomberg, Apple, CNBC Locations: Tangerang, Banten, Indonesia, Singapore, Southeast Asia, China, state's, Cupertino , California, Vietnam

☆ US homes sales dropped last month as March prices reached a record high
▼ + stars: | 2024-04-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Sales fell across the country except in the Northeast region, which saw an increase for the first time since November 2023. Rising home prices coupled with mortgage rates stuck at elevated levels means Americans are still dealing with a tough housing market. Sales might not rise meaningfully higher as the Federal Reserve signals that it won’t cut interest rates anytime soon. Then mortgage rates began to decline on hopes that the Fed would cut interest rates aggressively in 2024, but those expectations have been thrown out the window. Mortgage rates have held steady in recent weeks but are poised to rise because they track bond yields, which are climbing on persistently high inflation readings.

Persons: “, Lawrence Yun, haven’t, trickling, Yun, ” Yun, hasn’t Organizations: Washington CNN —, National Association of Realtors, Federal Reserve, NAR Locations: United States, Northeast

☆ Justice Dept. Nears Settlement Over F.B.I.’s Failure to Investigate Larry Nassar
▼ + stars: | 2024-04-17 | by ( Juliet Macur | Glenn Thrush | ) www.nytimes.com time to read: +1 min

The Justice Department is nearing a $100 million settlement over its initial failure to investigate Lawrence G. Nassar, the former U.S.A. Gymnastics team doctor convicted of sexually abusing girls under his care, according to people familiar with the situation. The approach of a settlement comes two and a half years after senior F.B.I. officials publicly admitted that agents had failed to take quick action when U.S. national team athletes complained about Mr. Nassar to the bureau’s Indianapolis field office in 2015, when Mr. Nassar was a respected physician known for working with Olympians and college athletes. He has been accused of abusing more than 150 women and girls over the years.

Persons: Lawrence G, Nassar Organizations: Gymnastics Locations: Indianapolis

☆ Justices question obstruction charge in Jan 6 rioter prosecution, which could affect Trump's case
▼ + stars: | 2024-04-16 | by ( Lawrence Hurley | Ryan J. Reilly | ) www.cnbc.com time to read: +4 min

Some justices expressed similar sentiments during Tuesday's arguments, asking whether the statute in question could be used to prosecute peaceful protesters, including people who at times have disrupted Supreme Court proceedings. Trump himself faces charges of violating the same law, as well as conspiracy to obstruct an official proceeding. Fischer faces seven criminal charges, only one of which is the focus of the Supreme Court case. He also faces charges of assaulting a police officer and entering a restricted building, among others. Conservative Justice Brett Kavanaugh questioned why the Justice Department needed to charge Fischer using the obstruction statute, noting that he faces the six other charges.

Persons: Micki Witthoeft, Ashli Babbitt, Fischer, WASHINGTON, Donald Trump, Joseph Fischer, Joe Biden's, Trump, Neil Gorsuch, Clarence Thomas, Brett Kavanaugh, Ginni Thomas, Trump's Organizations: U.S ., Appeals, District of Columbia, WASHINGTON —, U.S . Capitol, State, Trump, Conservative, Justice Department, Sarbanes, Oxley, Capitol, Prosecutors Locations: Washington ,, U.S, Washington, New York, Trump's

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