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☆ Russia is raising a stink about F-16s in Ukraine by saying they're nuclear-capable, even though the types of warplanes already deployed there can carry nukes
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Russia said on Monday that it would treat F-16s in Ukraine as an escalation because they're nuclear-capable. AdvertisementRussia warned on Monday against the expected arrival of F-16s in Ukraine, saying the US warplanes would be treated as an escalation given their potential as nuclear weapons platforms. AdvertisementMeanwhile, Russia has for months said the delivery of the F-16s is a provocation from NATO because they can be fitted to carry nuclear weapons. In any case, Ukraine does not possess any nuclear weapons in its arsenal, having surrendered them in 1994 when it gained independence. It is subject to the Treaty on the Non-Proliferation of Nuclear Weapons.

Persons: —, Sergey Lavrov, Ukraine's Su, it's, They're, Jake Epstein, Epstein Organizations: Foreign Ministry, Service, NATO, Russian Foreign Ministry, North Atlantic Treaty Organization, Russia, Soviet, British Storm Shadow, Nuclear Weapons, US Navy Locations: Russia, Ukraine, United States, North, Belgium, Denmark, Norway, Netherlands, Kyiv, Russian, Belarus, Minsk, Moscow

☆ AI revolution being 'held up a little bit by fear,' Appian CEO says
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI revolution being 'held up a little bit by fear,' Appian CEO saysMatthew Calkins, CEO of Appian, discusses the state of the AI industry in the U.S. and Europe and weighs in on what could lie ahead.

Persons: Appian, Matthew Calkins Locations: U.S, Europe

☆ Boeing is under FAA investigation after disclosing some employees didn't perform safety tests on the wings of a 787 but recorded that they did anyway
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The FAA said on Monday that it's probing Boeing amid reports of employees not completing 787 checks. AdvertisementThe Federal Aviation Administration is investigating whether Boeing employees may have falsified plane safety records for the 787 Dreamliner, adding to the manufacturer's woes as it faces regulatory scrutiny. "The FAA is investigating whether Boeing completed the inspections and whether company employees may have falsified aircraft records," the statement said. Several former Boeing employees who became company whistleblowers have raised concerns about 787 Dreamliner production, alleging that the manufacturer was prioritizing profit over quality. AdvertisementAnother ex-employee, John Barnett, slammed 787 production for years and said he observed issues with oxygen mask deployment in the jets, which he felt weren't properly addressed.

Persons: —, Scott Stocker, " Stocker, Stocker, Max, Dave Calhoun, Sam Salehpour, John Barnett, weren't, Barnett, Joshua Dean, Spirit AeroSystems Organizations: FAA, Boeing, Service, Aviation Administration, Business, American Airlines, Spirit Locations: Charleston, South Carolina, Indonesia, Ethiopia

Ms. Daniels could take the stand to testify against Mr. Trump as early as this week. Her presence would let Mr. Trump’s defense lawyers attack Ms. Daniels as an extortionist and question her credibility. Nor can she testify about the plan for Mr. Trump to hide his reimbursements to Mr. Cohen by characterizing them as legal fees. Mr. Trump’s lawyers contend that he did not know that the checks he signed for Mr. Cohen were not for legal fees, and that Mr. Cohen and Mr. Trump’s employees were responsible for any false records. “He has never thought that the little man, or especially women, and even more, women like me, matter,” Ms. Daniels said.

Persons: Donald J, Trump, Stormy Daniels, Daniels, Alvin L, Bragg, Trump’s, Michael Bachner, Bachner, Dave Sanders, Stephanie Clifford, Barrett, “ I’m, Donald Trump, ” Ms, Norm, ”, Peacock, J., r. “ Organizations: Mr, The New York Times Locations: Manhattan, New York City, Baton Rouge, La, Texas, Florida, New York

☆ In Trump Trial, the Next Major Witness Is a Mystery
▼ + stars: | 2024-05-07 | by ( Matthew Haag | More About Matthew Haag | ) www.nytimes.com time to read: 1 min

Testimony in the criminal trial of Donald J. Trump has pivoted from weeks of salacious stories of sex and scandal to focus on the financial transactions at the center of the case. A current and a former employee in the Trump Organization’s accounting department on Monday walked jurors through the dry but crucial financial records that tie Mr. Trump to reimbursements made to his longtime fixer, Michael D. Cohen, for a $130,000 hush-money payoff to a porn star days before the 2016 election. The porn star, Stormy Daniels, who said she had sex with Mr. Trump in 2006, wanted to go public about her encounter in 2016, but Mr. Cohen made a deal to bury her story before Election Day. The former president is accused of falsifying business records to cover up reimbursements to Mr. Cohen, who made the hush-money payment himself.

Persons: Donald J, Trump, reimbursements, Michael D, Cohen, Stormy Daniels Organizations: Trump

☆ Nvidia will surge another 22%, and is still cheap compared to peers despite nearly doubling this year, Goldman Sachs says
▼ + stars: | 2024-05-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock still has 22% upside, even after its near-doubling this year, according to Goldman Sachs. According to Goldman, Nvidia stock still trades at a relatively attractive valuation compared to its peers given how quickly it is growing and how durable those growth trends look in the coming years. Goldman SachsThose investments should power continued revenue and profit growth at Nvidia, especially with its next-generation Blackwell AI chip set to be released later this year. "Notable intra-quarter data points that support the view that AI spending is likely to continue beyond 2024 include" commentary from tech-focused companies, Hari said. Super Micro Computer reported strong revenue growth and a record backlog driven by elevated demand for AI servers.

Persons: Goldman Sachs, Goldman, —, Toshiya Hari, Hari, TSMC Organizations: Nvidia, Service, Blackwell, AMD, Micro Computer

☆ Russia's former president threatened nuclear attacks on Western capital cities if NATO sends any troops to Ukraine
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Dmitry Medvedev is at it again, threatening Western leaders with nuclear attacks if they cross a line. Medvedev says no leaders in Washington, Paris, and London won't "be able to hide" if they send troops to Ukraine. AdvertisementFormer Russian President Dmitry Medvedev on Monday threatened nuclear strikes on Western leaders who want to send their troops to Ukraine, doubling down on his increasingly hostile rhetoric toward the North Atlantic Treaty Organization. Related storiesStrategic nuclear weapons are those typically launched via intercontinental ballistic missiles. But such threats have also been categorized as bluffs by Western leaders, who say the Kremlin hopes to scare Ukraine's allies off.

Persons: Dmitry Medvedev, Medvedev, —, nonstrategic, Vladimir Putin, Putin, isn't, Emmanuel Macron, Macron, Sinead Baker, Tony Soprano's, Edward Lucas Organizations: London, Service, Atlantic Treaty Organization, NATO, Capitol, Monday, Russia's, Hague, Center for, Russia's Security Locations: Washington, Paris, Ukraine, Russian, France, Baltics, Poland, Kyiv, Russia, Ukraine's, Elysee, Downing Street, Moscow

☆ A high-stakes report looms over Biden on whether Israel violated international law
▼ + stars: | 2024-05-07 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +19 min

Nic Antaya/Getty Images Pro-Palestinian protesters demonstrate on the New York University campus in New York on Friday, May 3. Mike Blake/Reuters Pro-Palestinian protesters stand their ground after police breached their encampment at UCLA on May 2. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: CNN —, Biden, Joe Biden, Benjamin Netanyahu, Antony Blinken, “, Matthew Miller, Adam Schultz, Netanyahu, Israel, Mahmud Hams, It’s, ”, Democratic Sen, Chris Van Hollen, Sen, Alex Brandon, Van Hollen, Miller, ” Miller, Melissa Overton, Nic Antaya, Seth Harrison, Jenny Kane, Chip Somodevilla, Mathieu Lewis, Rolland, Craig Hudson, Emma, Roberto Schmidt, Etienne Laurent, Mike Blake, Spencer Platt, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk Organizations: CNN, State Department, Israeli, Congress, Hamas, Capitol, ”, National Security, Getty, State Department’s Bureau, Political, Military Affairs, Defense Department and National Security Council, Biden, Israel, Palestinian, Israel Defense Forces, United Nations Office, Human Rights, Biden Democrats, Democratic, Democratic Party, Republican, Department, Protesters, University of Michigan's, New York University, Westchester County Journal, USA, Network Police, Portland State University, AP, George Washington University, The George Washington University, AFP, Police, University of California, UCLA, Reuters, Fordham, Lincoln Center, Getty Images Police, Hamilton, Columbia University, Reuters Police, Columbia, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, Sunday, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, USAID Locations: Israel, Gaza, Rafah, Capitol Hill, Iran, Palestinian American, Jabalia, AFP, Ann Arbor , Michigan, New York, Westchester, Portland , Oregon, Washington ,, Portland, The, Los Angeles, The City College of New York, Columbia, Columbia's, Palestine, Providence , Rhode Island, Texas, Austin, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge

☆ TikTok is taking the US to court to stop its ban
▼ + stars: | 2024-05-07 | by ( Dan Whateley | Geoff Weiss | ) www.businessinsider.com time to read: +4 min

TikTok is suing the US government over its new law that forces a sale or ban of the app. AdvertisementTikTok promised to fight its ban in the US — and now the social-media giant has made it official. TikTok has denied both of these claims, and the US government has yet to present evidence that either action has occurred. Legal scholars told Business Insider that well-articulated First Amendment arguments tend to prevail in court, but Congress' national-security concerns could ultimately win out. Hans, an associate clinical professor of law at Cornell Law School and associate director of its First-Amendment clinic, told BI.

Persons: TikTok, —, ByteDance, Joe Biden, G.S, Hans, Matthew Schettenhelm, Schettenhelm Organizations: Service, Chinese Communist Party, Foreign, Business, Cornell Law School, Appeals, DC Circuit, Bloomberg Intelligence Locations: China, Russia, Beijing, India

CNN —Vladimir Putin has formally begun his fifth term as Russia’s president in a carefully choreographed inauguration ceremony, in a country he has shaped in his image after first taking office nearly a quarter of a century ago. Putin won Russia’s stage-managed election by an overwhelming majority in March, securing for himself another six-year term that could see him rule until at least his 77th birthday. Attendees wait in the Kremlin as Putin arrives for his inauguration ceremony. Putin waves during his inauguration ceremony. To ensure it has enough drones and missiles to bombard Ukraine, Russia has also entered into deeper partnerships with Iran and North Korea.

Persons: CNN — Vladimir Putin, Putin, – Putin, “, Matthew Miller, Putin’s, Maxim Shemetov, Wagner, Yevgeny Prigozhin, Prigozhin, Alexey Navalny, Navalny, ”, ” Putin Organizations: CNN, Kremlin, US State Department, Reuters, US Embassy, Presidential Locations: Russia, Ukraine, United States, Kremlin, Moscow, Russian, Luhansk, Donetsk, Kherson, Zaporizhzhia, Iran, North Korea

☆ Columbia University protests: Trump-appointed judges say they’ll boycott Columbia grads over university’s handling of student dissent
▼ + stars: | 2024-05-07 | by ( Gloria Pazmino | ) edition.cnn.com time to read: +3 min

New York CNN —A group of 13 conservative US federal judges are vowing to not hire Columbia University law students or undergraduates because of how the school has handled pro-Palestinian demonstrations on its campus in recent weeks. “As judges who hire law clerks every year to serve in the federal judiciary, we have lost confidence in Columbia as an institution of higher education. CNN has reached out to Columbia University for comment. They typically hire law school graduates for clerkships that can eventually lead to high-paying and prestigious jobs. If not, employers are forced to assume the risk that anyone they hire from Columbia may be one of these disruptive and hateful students,” the judges wrote.

Persons: Minouche Shafik, Gillian Lester, Judge James C, Elizabeth L, Matthew H, Solomson, Donald Trump, Matthew Kacsmaryk Organizations: New, New York CNN, Columbia, . ” Columbia University, New York Police Department, Police, CNN, U.S ., Appeals, Fifth Circuit, Eleventh Circuit, U.S . Court, Federal, Columbia University, Northern District of, Hamilton Hall Locations: New York, Manhattan, Gaza, Columbia, Texas, Northern District, Northern District of Texas, Amarillo

☆ An ultra-rare Magic: The Gathering card just sold for a record $3 million
▼ + stars: | 2024-05-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

An ultra-rare Magic: The Gathering card just sold for a record $3 million. The new record exceeds Post Malone's $2 million purchase of a one-of-a-kind Magic: The Gathering card last year. AdvertisementAn ultra-rare Magic: The Gathering card just shattered records and sold for $3 million, according to CGC Cards. AdvertisementThe previous record sale for a Magic: The Gathering card took place last year when rapper Post Malone acquired the one-of-a-kind "One Ring" card for $2 million. The buyer of the $3 million Black Lotus card remains unknown.

Persons: —, Adam Cai, Post Malone, Tolkien's, Malone, Christopher Rush Organizations: Service, Post

☆ What earnings beat? Disney's streaming slowdown is all anyone on Wall Street cares about
▼ + stars: | 2024-05-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

But that wasn't enough for Wall Street, with the stock diving as much as 11% following the earnings report, its worst daily decline in 18 months. Related storiesWhile Disney+ added 6.3 million new subscribers in the quarter, its total number of streaming subscribers, 153.6 million, was below Wall Street estimates by about 2 million. AdvertisementThe sharp move lower highlights the high standard Wall Street has set for Disney's streaming portfolio, which includes Disney+, Hulu, ESPN, and India's Hotstar. So far, that doesn't appear to be happening, at least not at a quick enough pace for Wall Street. And while Disney's streaming business is moving in the right direction overall, it will likely still be a bumpy ride ahead for the unit to deliver consistent profits.

Persons: —, India's, Hugh Johnston, Geetha Ranganathan, Kevin Organizations: Service, Business, Disney, ESPN, Netflix, Wall, Wall Street, Bloomberg Intelligence Locations: Hulu, India

☆ Stormy Daniels Testified About Core Details in Trump’s Trial
▼ + stars: | 2024-05-07 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

There is probably no one, other than Donald Trump, more central to his New York trial — the first criminal trial of an American president — than Stormy Daniels. Today, in a courtroom in Lower Manhattan, Daniels took the stand for several hours. She spoke quickly, unspooling so many salacious details that the judge overseeing the case balked at some of the testimony, implying that it was gratuitously vulgar, and the defense unsuccessfully sought a mistrial. Daniels has told her story widely, but never to jurors, and not with Trump in the room. During cross-examination, which is expected to continue on Thursday, Trump’s lawyers sought to paint Daniels as a liar driven by greed.

Persons: Donald Trump, —, Stormy Daniels, Trump, Daniels, unnerve Trump, Trump’s Organizations: Trump Locations: New York, Lower Manhattan

☆ Stock market today: US stocks climb as investors keep rate-cut hopes alive
▼ + stars: | 2024-05-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks jumped on Monday as investors kept hopes of Fed interest rate cuts alive. The renewed hopes for interest rate cuts came following the lighter-than-expected April jobs report. The futures market is now pricing in two interest rate cuts by the end of the year. AdvertisementUS stocks edged higher on Monday, extending its gains from Friday as investor hope around potential interest rate cuts continues to build. Investors will look for further clues about interest rate cuts from several Federal Reserve members this week, with nine scheduled to speak between throughout the week.

Persons: — Organizations: Service, Federal Reserve Locations: Fundstrat, Here's

☆ China's hype video for its lunar base showed what looked like a NASA Space Shuttle lifting off, which it then realized and tried to fix
▼ + stars: | 2024-05-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's new teaser for its lunar base appeared to show a NASA Space Shuttle taking off. The Space Shuttle was later blurred out in a state media version of the CGI video. AdvertisementA new concept video showcasing China's planned lunar base appeared to feature a NASA Space Shuttle lifting off from the facility — a detail that was then omitted in a later broadcast of the clip. Related storiesIt's unclear if showing a Space Shuttle was intended by China's space administration, but the spacecraft using a Chinese base in 2045 would be nearly impossible. Beijing says it plans for its international lunar base to be built jointly by other countries as a collaborative effort.

Persons: —, CNSA, It's, Artemis Organizations: NASA Space Shuttle, Shuttle, Service, China National Space Administration, Research, American, NASA, Space, Orbiter, Getty, Orion Spacecraft, Elon, SpaceX, International Space, Space Shuttle, Business Insider Locations: China, Beijing

☆ Elon Musk says Warren Buffett should buy Tesla stock. Here's why he probably never will.
▼ + stars: | 2024-05-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Warren Buffett's Berkshire Hathaway should buy Tesla stock, according to Elon Musk. Detailed below is why Warren Buffett probably won't invest in Tesla, despite the encouragement. AdvertisementWarren Buffett should buy Tesla stock, according to Elon Musk. Related storiesBut Musk's dream of Berkshire Hathaway giving Tesla its stamp of approval and buying the stock is probably never going to happen. This isn't the first time Musk suggested Berkshire Hathaway should invest in Tesla.

Persons: Warren, Berkshire Hathaway, Elon Musk, Musk, Buffett, Warren Buffett, —, Charlie Munger, Munger, Charlie, you've, they're Organizations: Service, Apple, Berkshire, Berkshire Hathaway's Locations: Tesla, Berkshire, BYD

☆ Israel Said Hamas’s Cease-Fire Proposal Fell Short
▼ + stars: | 2024-05-06 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Senior Hamas officials announced today that they had agreed to a cease-fire deal drawn up by Qatari and Egyptian mediators. But the proposal — which officials said included Israel’s complete withdrawal from Gaza during three 42-day phases of cease-fire — failed to meet Israeli demands. Many people began to leave, fearing that Israel was moving ahead with its long-planned invasion of Rafah despite stiff international pressure. By night, Israel carried out another round of what it called “targeted strikes” in Rafah. Hamas has called for a permanent cease-fire, effectively ending the seven-month war; Israel wants a temporary halt in fighting to allow for the exchange of hostages.

Persons: Israel’s, —, “, Israel Organizations: Hamas Locations: Gaza, Rafah, Israel

☆ Stocks making the biggest moves midday: Berkshire Hathaway, Micron, Tyson Foods, Spirit Airlines and more
▼ + stars: | 2024-05-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Spirit also forecast second-quarter revenue between $1.2 billion and $1.34 billion, below a FactSet estimate of $1.46 billion. Paramount — Shares popped 3.3% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo . U.S. Steel shares have room to rise due to internal improvements, even if the Nippon Steel buyout deal collapses, Morgan Stanley said in a note. Morgan Stanley said the market is likely overlooking the Canadian-based company's progress on improving core profit margins. Morgan Stanley downgraded the intimate apparel maker to underweight due to expectations for negative earnings per share revisions.

Persons: Baird, Warren Buffett, Morgan Stanley, Tyson, StreetAccount, Bausch, Coinbase, Li Auto, Alex Harring, Jesse Pound, Samantha Subin, Hakyung Kim, Sarah Min, Matthew Staver Organizations: Berkshire Hathaway, Berkshire, Micron Technology, Spirit Airlines, Paramount, Paramount Pictures, CBS Entertainment Group, Sony Pictures Entertainment, United States Steel, . Steel, Nippon Steel, Medical Properties, Health Care, EHang Holdings, Barclays, Micron Technology Inc, Bloomberg, Getty Locations: The Boise , Idaho, Berkshire, Pittsburgh, China, Weibo, Boise , Idaho

☆ Markets aren't prepared for the price swings that could follow a too-close-to-call election, Goldman says
▼ + stars: | 2024-05-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market hasn't been pricing in sizable volatility risk with the 2024 Presidential election only months away, Goldman says. That uncertainty could stir up price swings that investors aren't currently prepared for, according to the firm. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe upcoming Presidential election poses a big risk for the stock market if the winner is not decisive and the results are drawn out, according to Goldman Sachs. It's not a matter of who wins the election that matters, but rather when they win the election that matters most, Goldman Sachs said.

Persons: Goldman, doesn't, aren't, —, Goldman Sachs, Joe Biden, Donald Trump, Biden, David Kostin, it's, It's Organizations: Service, Trump, Wall Locations: Arizona , Michigan, Pennsylvania

☆ Stock market today: US stocks climb on solid earnings and rate cut hopes
▼ + stars: | 2024-05-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks surged on Monday amid solid first-quarter earnings reports and renewed hopes of interest rate cuts. The futures market is now pricing in at least two interest rate cuts by the end of the year. AdvertisementUS stocks surged on Monday, extending gains from Friday and marking the best three-day rally of the year as investors cheered solid first-quarter earnings report and hopes for interest rate cuts were renewed. AdvertisementThe futures market sees two 25-basis point interest rate cuts from the Federal Reserve by the end of the year, which is an increase from the recent pricing of just one interest rate cut a week ago. Investors will look for further clues about interest rate cuts from several Federal Reserve members this week, with nine scheduled to speak between throughout the week.

Persons: —, Tom Barkin Organizations: Service, Nvidia, Federal Reserve Locations: Here's

☆ Opinion: Trump trial prosecutors in hush money case rack up points
▼ + stars: | 2024-05-06 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +5 min

He was a financial professional at the Trump Organization for decades who proved to be an effective guide to the second phase of the prosecution’s case. The controller agreed that he “rarely spoke” with Trump while at the Trump Organization, never spoke to Cohen about these issues and was never asked by Trump to make the questioned business entries. Join us on Twitter and FacebookA similar back-and-forth unfolded after the lunch break, including when another member of the Trump Organization accounting staff, accounts payable supervisor Deborah Tarasoff, testified. While we have a ways to go on both halves of the case, prosecutors are scoring more points so far. So while Trump can feel good about his team’s effort, he can’t be very encouraged about where the overall scoreboard stands.

Persons: Norman Eisen, “, Donald Trump, Juan Merchan’s, Jeffrey McConney, Norm Eisen, McConney, David Pecker, Trump, Matthew Colangelo, Allen Weisselberg, Michael Cohen, Stormy Daniels, Cohen, Emil Bove, Deborah Tarasoff, District Attorney Alvin Bragg, Hope Hicks Organizations: CNN, Trump Organization, National Enquirer, Assistant, Trump, Cohen, Twitter, Facebook, District Attorney, White House

CNN —Hamas says it has accepted a ceasefire deal proposed by Egypt and Qatar which seeks to halt the seven-month war with Israel in Gaza. It’s unclear whether Hamas has agreed to the most recent ceasefire proposal, as outlined last week, or a revised version of it. Palestinians in Rafah celebrate news that Hamas has accepted a ceasefire proposal, May 6, 2024. More than 1 million Palestinians have fled to Rafah, where Hamas is believed to have regrouped after Israel’s destruction of much of the north of Gaza. IDF operations ongoingAsked whether Hamas’ acceptance of a deal could change Israel’s plans for Rafah, Israel Defense Forces (IDF) spokesperson Daniel Hagari said the military would continue to operate in Gaza.

Persons: Ismail Haniyeh, William Burns, Sheikh Mohammed bin Abdulrahman, Sheikh Mohammed bin Abdulrahman Al Thani, Benjamin Netanyahu’s, Matthew Miller, “, ”, Daniel Hagari, ” Netanyahu, ” Itamar Ben Gvir, Netanyahu, ” Benny Gantz Organizations: CNN, Hamas, CIA, Qatari, Getty, Israel Defense Forces, Families Forum Locations: Egypt, Qatar, Israel, Gaza, Doha, Qatar’s, Sheikh Mohammed bin Abdulrahman Al, United States, Deir al, Gaza City, Rafah, AFP, Orit, Tel Aviv

☆ Hamas says it accepts cease-fire proposal from Egyptian, Qatari mediators, as U.S. and Israel review details of plan
▼ + stars: | 2024-05-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Hamas said it told Egyptian and Qatari negotiators that it has approved a cease-fire proposal to halt the war in Gaza. Israel is examining the proposal that Hamas approved and has not confirmed whether it would accept or reject it, an Israeli official told NBC News. Hostage release negotiations intensified over the weekend, with facilitation from U.S. CIA Director William Burns, alongside mediators from Egypt and Qatar. U.S. officials have repeatedly warned Israel against an offensive in Rafah, where millions of civilians have taken refuge. President Joe Biden reiterated that stance on a half-hour Monday call with Israeli Prime Minister Benjamin Netanyahu, which took place before Hamas had announced its approval of a cease-fire proposal.

Persons: Ismail Haniyeh, Ashraf Amra, Daniel Hagari, Matthew Miller, William Burns, Burns, Joe Biden, Benjamin Netanyahu Organizations: Hamas, Anadolu, Egyptian, Qatari, NBC, Israel Defense Forces, Department, NBC News, CIA, Israeli Locations: Palestinian, Sakura, Istanbul, Turkiye, Gaza, Israel, Egypt, Qatar, Arab, Gaza's, Rafah

☆ The US government is paying $2 million of interest a minute as rates stay high
▼ + stars: | 2024-05-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The US government is shelling out $2 million per minute in interest payments on its debt. The surge in interest rate expenses has coincided with higher for longer interest rates. The US government is on track to pay more than $1 trillion in interest expenses this year. And that in turn means higher interest rates have actually helped fueled inflation rather than tame it. And you're not going to see meaningful downward pressure on shelter costs, until the Fed lowers interest rates," Manley said.

Persons: —, Louis Fed, Jack Manley, Manley Organizations: Service, US Treasury, Bloomberg, Federal Reserve, Fed, Treasury

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