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☆ Miss Hawaii is taking over as Miss USA following Noelia Voigt's historic resignation
▼ + stars: | 2024-05-09 | by ( Anneta Konstantinides | Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Miss Hawaii Savannah Gankiewicz is taking over as Miss USA. Miss USA Noelia Voigt resigned from the position on Monday, citing her mental health. She is the first Miss USA in the pageant's 72-year history to voluntarily give up the crown. Savannah Gankiewicz will be the new Miss USA 2023Miss USA revealed Gankiewicz's appointment in the caption of an Instagram photo, saying the organization was "thrilled to announce that Miss Hawaii USA Savannah Gankiewicz is Miss USA 2023." "Please know that my decision to accept the Miss USA crown was not one that was made lightly," she wrote.

Persons: Noelia Voigt, Miss Teen USA UmaSofia Srivastava, —, Voigt, Savannah, Miss Hawaii USA Savannah Gankiewicz, Laylah Rose, Rose, Miss USA, Gankiewicz, Voigt's, Claudia Michelle, Michelle, Max Sebrechts, Sebrechts, Crystle Stewart Organizations: Miss, Miss USA, Miss Teen USA, Service, USA, Miss Hawaii, USA's, Savannah Miss, BI, Miss Universe Locations: Savannah, Utah, Miss USA, Miss Hawaii USA Savannah, Hawaii, Savannah Miss USA, Lahaina, Maui, New Jersey, Miss

☆ Kevin Costner says he 'hopes' to return for final episodes of 'Yellowstone,' after previously threatening to sue the show's producers over a pay dispute
▼ + stars: | 2024-04-13 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

Read previewKevin Costner has said he is open to returning to "Yellowstone" to wrap things up despite previously stating his intentions to take the show's producers to court over a pay dispute. Reports of a feud between "Yellowstone" cocreator Taylor Sheridan and Kevin Costner began in February 2023. Season five of "Yellowstone" saw John Dutton (Kevin Costner) elected governor of Montana. AdvertisementRepresentatives for Costner, Sheridan, and Paramount Network did not immediately respond to a request for comment from Business Insider, made outside regular working hours. Previously, Sheridan has hinted that the ending of "Yellowstone" could see Costner's character killed off.

Persons: —, Kevin Costner, Costner, Taylor Sheridan, cocreator Taylor Sheridan, Frederick M, Brown, John Dutton, — Costner, they've, Christine Baumgartner, Sheridan, Jerod Harris, Matthew McConaughy, Michelle Pfieffer Organizations: Service, Paramount Network, Business, Entertainment, Montana . Paramount, People, Getty, Hollywood, Paramount Locations: Montana, Las Vegas , Nevada, Yellowstone, Kingstown

☆ Anne Hathaway said 'The Dark Knight Rises' was her toughest gig ever. Christopher Nolan paid her back by saving her career during 'Hathahate.'
▼ + stars: | 2024-03-25 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Read previewAnne Hathaway told Vanity Fair that Christopher Nolan gave her the toughest role on her résumé, but also saved her career during the "Hathahate" scandal. Hathaway's performance was one of the many highlights of "The Dark Knight Rises," which earned $1 billion worldwide, according to Box Office Mojo. Hathaway told Vanity Fair that the backlash cost her roles, even after she won her first Oscar in 2013. "Interstellar" was a success, making $733 million at the box office, according to Box Office Mojo. "Humiliation is such a rough thing to go through," Hathaway told Vanity Fair.

Persons: —, Anne Hathaway, Christopher Nolan, Hathaway, Michelle Pfeiffer's, Nolan, Oscar, I've, Alice, Jessica Chastain Organizations: Service, Business, Office Mojo

☆ How, when and where you can watch the 2024 Oscars
▼ + stars: | 2024-03-09 | by ( Tom Page | ) edition.cnn.com time to read: +6 min

Yes, it’s Oscars weekend. Comparisons are already being made to 1998 and 2004, when “Titanic” and “The Return of the King” steamrolled their respective competition on their way to a record 11 Oscars each. Emily Blunt (as Kitty Oppenheimer) with writer, director, and producer Christopher Nolan and Cillian Murphy (as J. Robert Oppenheimer) on the set of "Oppenheimer." The host and presentersJimmy Kimmel on stage at the Oscars in 2023. Gladstone and Stone split the Golden Globes, Stone won the BAFTA and Glastone won the SAG award, leaving this contest finely poised.

Persons: CNN —, “ Oppenheimer, ”, Christopher Nolan’s, Emily Blunt, Kitty Oppenheimer, Christopher Nolan, Cillian Murphy, Robert Oppenheimer, Oppenheimer, Melinda Sue Gordon, We’ll, “ Oppenheimer ”, Jimmy Kimmel, Kevin Winter, Steven Spielberg, Sally Field, Jennifer Lawrence, Dwayne Johnson, Rita Moreno, Al Pacino, Zendaya, Michelle Pfeiffer, Ryan Gosling, Margot Robbie, Greta Gerwig, Barbie, Jaap Buitendijk, “ Barbie, I’m, Ken ”, Billie Eilish, Jon Batiste, Becky G, Scott George, Emma Stone, Nolan, Oscar, Da’Vine Joy Randolph, Alexander Payne’s “, Robert Downey Jr, Lewis Stauss, Jonathan Glazer’s, Justine Triet’s Palme, Anatomy’s, Sandra Hüller, Lily Gladstone, Gladstone, Stone, Glastone, JaNae Collins, Cara Jade Myers, Jillian Dion, It’d, Martin Scorsese, Miyazaki, ” Steven Spielberg Organizations: CNN, Hollywood, Universal, ABC, Hulu Live, Warner Bros . Pictures, Osage, Searchlight Pictures, Globes, BAFTA, SAG, Apple, Sony Locations: “, Poland, France

9 to 0 — I’m going to say that again — 9 to 0, ruled that states can’t keep Donald Trump off their ballots. It’s how — Trump has said to his loyalists, I am your retribution, so maybe we should just look at this as a blueprint for retribution. He’s going to end up — when he gives his big convention speech, he’s going to end up making promises on economic policy, domestic policy, and so on. ross douthatSo here’s why I’m sort of — Carlos, especially to your point — like, trying to focus us on the sharpest possible conflicts. But if most of the country’s political and emotional energy is instead focused on Trump himself, rather than real, actual debates, then I think Trump is winning, period, and the country is losing.

Persons: carlos lozada, polgreen Wow, ross douthat, lydia polgreen, Kiefer Sutherland, carlos lozada Totally, michelle cottle Perfect, lydia polgreen You’re, Kiefer, I’m Ross Douthat, michelle cottle I’m Michelle Cottle, carlos lozada I’m Carlos Lozada, Lydia Polgreen, michelle cottle Chin, Biden, lydia polgreen It’s, —, can’t, Donald Trump, Grover Cleveland, michelle cottle, Jesus, Donald Trump’s, Carlos Lozada, it’s, Carlos, ross, carlos lozada You, “, Trump, Nikki Haley, carlos lozada Yes, He’s, United States — carlos lozada, carlos lozada Harold Meyerson, ”, Harold — carlos lozada —, michelle cottle —, — Trump, Trumpism, lydia polgreen Trump, carlos lozada —, part’s, michelle cottle You’re, Lydia, let’s, Michelle, — ross douthat Michelle, michelle cottle Oh, Hillary Clinton, — ross, lydia polgreen Get, michelle cottle Mexico’s, Mike Shear, Julie Davis’s, ” ross douthat, carlos lozada Michelle, michelle cottle I’m, George Floyd, I’m — ross, polgreen, I’m, — michelle cottle, he’s, lydia polgreen I’m, Dobbs, ross douthat Carlos, we’ve, unquote, carlos lozada Well, carlos lozada He’s, — carlos lozada Boo, Matt Iglesias, That’ll, that’ll, Peter Navarro, doesn’t, there’ll, lydia polgreen There’ll, carlos lozada Ross, there’s, ” michelle cottle, lydia polgreen Couldn’t, John Roberts, Peter Baker, Susan Glasser’s, Maggie Haberman’s, — michelle cottle Beat, ross douthat —, It’s, Asli Aydintasbas, she’s, Ross, Viktor Orbán, Joe Biden, ideologues, ross douthat Lydia, — carlos lozada, ross douthat Go, nope — ross, Miley Cyrus, it’s Truman, I’ve, lydia polgreen There’s, Bilbo, Martin Freeman, michelle cottle Big, michelle cottle Carlos, We’ve, carlos lozada You’re, We’ll, lydia polgreen Bye Organizations: New York, Republican, New York Times, Siena College, Trump, Heritage Foundation, Leadership, GOP, Republicans, HHS, Department of Health, Human Services, Department of Life, CDC, Department of Justice, Justice Department, National Guard, of Homeland Security, Democrats, Politico, America, United States Constitution, Swans, East, Brooklyn, Northwest Missouri State University, carlos lozada Business Locations: New, America, Douthat, ”, Washington, United States, lydia polgreen Get Mexico, Francisco, China, Turkish, Turkey, Manhattan, Brooklyn

ROME (AP) — For nearly six decades, the Tirelli atelier in Rome has woven itself into the fabric of Italian and international film history, earning the nickname the “Oscar tailor’s shop” for its contribution to cinematic costume design. Established in November 1964 by the late Umberto Tirelli, the shop has been behind 17 Academy Awards for best costume design. “Of course, the Oscar is not won by the tailor’s shop, the Oscar is won by the costume designer. But the tailor’s shop has the merit and the honor of having participated to make it win.”The atelier’s origins stem from Tirelli’s passion for collecting antique clothing. Photos You Should See View All 60 ImagesAfter the 1984 “Amadeus” design Oscar, Tirelli could have gone more international “because the market was immediately interested," Trapetti said.

Persons: Oscar tailor’s, Umberto Tirelli, Janty Yates, Dave Crossman, Ridley, Napoleon, ”, Dino Trappetti, Oscar, ” Trappetti, Tom Hulce, Wolfgang Amadeus Mozart, Milos Forman’s “ Amadeus ”, Theodor Pistek, Michelle Pfeiffer's, Gabriella Pescucci, Amadeus, Tirelli, Trapetti, Trappetti, “ I’m Organizations: ROME, weekend's Locations: Rome, Prati, America, Formello

☆ Why ‘Cruel Intentions’ still inspires, 25 years on
▼ + stars: | 2024-03-05 | by ( Jemal Polson | ) edition.cnn.com time to read: +5 min

The characters outfits came from a variety of sources including luxury brands such as Prada, Gucci, Calvin Klein and Donna Karan. Christine Baranski, who appears as Bunny Caldwell – Cecile’s WASP-y mother – was adorned in Chanel-style suits from St John. A quarter of a century after it's initial release, the clever styling of Cruel Intentions is finding favor with a whole new demographic. “I was definitely inspired by Audrey Hepburn for the scene in the park,” Wingate says. Sarah (Michelle Gellar) and I both loved the idea.”A quarter of a century on, the influence “Intentions,” had — and continues to have — is undeniable, spawning a musical and a forthcoming series from Amazon.

Persons: CNN —, Kathryn Merteuil, Sarah Michelle Gellar, Sebastian Valmont, Ryan Phillippe, Annette Hargrove, Reese Witherspoon, Cecile Caldwell, Selma Blair, Pierre Choderlos de, ” “, Denise Wingate, Prada, Gucci, Calvin Klein, Donna Karan, Bob Frame, Shutterstock Keen, ”, Glenn Close, John Malkovich, Michelle Pfeiffer, Wingate, “, Sebastian, Christine Baranski, Bunny Caldwell – Cecile’s, –, St John, Cecile, Kathryn, Annette, Tessa Posnansky, Gary John Steele, deconstruct, Louis XIV, Harry F, —, ” Posnansky, Melissa Moseley, du, Audrey Hepburn, ” Wingate, Sarah, Michelle Gellar, noughties, Netflix’s Organizations: CNN, Manhattan, Sinclair, New, — Locations: French, LA, Sebastian, Columbia

☆ Valentine’s Day movies for almost every mood
▼ + stars: | 2024-02-14 | by ( Dan Heching | Alli Rosenbloom | ) edition.cnn.com time to read: +7 min

CNN —Like so many other holidays, Valentine’s Day can evoke a staggeringly wide range of feelings. The good news: Whether you lean in to the romance of it all or run screaming from it, there’s a movie out there for you. In light of the very subjective nature of this red heart-drenched day, here’s a list of mood-specific film recommendations that are sure to scratch whatever itch you might be feeling. If you hate the whole concept of Valentine’s Day, watch ‘True Romance’ or ‘Heathers’If you’re feeling like you need a little bit of die-for-you action to get you through the day – or just the terrific sonic offerings of a Hans Zimmer score – flip on the Quentin Tarantino-written “True Romance.” Not your speed? If you like a little bit of fantasy with your romance, watch ‘Kate & Leopold’There she is again!

Persons: there’s, Cary Grant, Deborah Kerr, Meg Ryan, Hans Zimmer, Quentin Tarantino, “, who’s, Whitney Houston, Kevin Costner, Dolly Parton, Warner, Laura Esquivel, ’, ”, you’re, George Clooney, Michelle Pfeiffer, Julia Roberts, Luca, Timothee, Celine Song’s, Jennifer Lopez, Steven Soderbergh, –, Oscar, Dame Judi Dench, Bill Nighy, Harry Met Sally ’, Harry Met Sally ”, Billy Crystal, Meryl Streep, Uma Thurman, Harry Met Sally, Jon M, Chu, Henry Golding, Constance Wu, Michelle Yeoh, Kate, Leopold ’, Duke, Hugh Jackman, Jude, Jim Sturgess, Lucy, Evan Rachel Wood, Valentine ’ Organizations: CNN, Houston, Warner Bros, Everett, Sony Pictures, Rich, Valentine’s Locations: Seattle, Chicago, Italy, India, New York City, Columbia, Singapore, York City

☆ Michelle Pfeiffer in negotiations to play female lead in new 'Yellowstone' spinoff opposite Matthew McConaughey: report
▼ + stars: | 2024-02-08 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMichelle Pfeiffer is in the final stage of negotiations to take on the female lead in the new as-yet-untitled "Yellowstone" sequel, according to Puck. Not much is known about the series, which was announced in May 2023 as an "expansion of the Yellowstone universe." At the time, he said that McConaughey "seems like a natural fit" to lead the "new chapter" of the Dutton saga. Reilly and Hauser have asked their per-episode salary to be upped to $1.2 million and $1.25 million, respectively, he stated, citing industry sources.

Persons: —, Michelle Pfeiffer, Puck, Matthew Belloni, Pfeiffer, Tim McGraw, Faith Hill, Helen Mirren, Harrison Ford, Matthew McConaughey's, Taylor Sheridan, Kevin Costner, Sheridan, Jonathan Bachman, McConaughey, Jon Linson, Dutton, Buddy, Kelly Reilly, Cole Hauser, Danno Nell, Luke Grimes, Belloni, Reilly, Hauser, Grimes, wasn't, Costner Organizations: Service, Marvel, Paramount, Paramount Global, Business, Hollywood, Paramount Network Locations: Sheridan

☆ Jennifer Jason Leigh on 'Fargo,' 'Fast Times,' 'Hateful Eight' & Most Famous Roles
▼ + stars: | 2023-12-14 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

Jennifer Jason Leigh knows how to make an entrance. Juno Temple as Dorothy "Dot" Lyon and Jennifer Jason Leigh as Lorraine Lyon in "Fargo" season five. Phoebe Cates and Jennifer Jason Leigh in "Fast Times at Ridgemont High." On the enjoyable experience of getting punched by Kurt RussellKurt Russell and Jennifer Jason Leigh in "The Hateful Eight." On losing out on Catwoman — and the other role that got awayJennifer Jason Leigh as Sadie Flood in "Georgia."

Persons: Jennifer Jason Leigh, Lorraine Lyon, Leigh, she's, Daisy Domergue, Quentin Tarantino's, Hedy Carlson, Sadie Flood, Noah Hawley's, Dot, Juno Temple, Dorothy, Lyon, Michelle Faye, Temple, Phoebe Cates, Julia Roberts, Stacy, Kurt Russell Kurt Russell, Kurt Russell, Kurt, I'd, Catwoman —, Miramax You've, Tim Burton, Michelle Pfeiffer, I've, there's, There'd Organizations: Business, Juno, Lorraine, TWC, Miramax, Miami, Hulu Locations: Minnesota, Hollywood, Georgia, Fargo, Dot, Ridgemont

☆ Gen Z is bringing a whole new vibe to the workplace: anxiety
▼ + stars: | 2023-12-11 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

Another Gallup survey found that Gen Z was the least engaged group in the workplace and the most burned out from their jobs. To cope, Gen Z employees are taking significantly more sick days than their older peers — often due to mental health. You don't know what you don't know. Lou Ali, 41, who manages Malcolmson and another Gen Z employee at the PR agency Honcho, said she was puzzled by what she saw as the paradox of Gen Z's workplace anxiety. She added, "You don't know what you don't know.

Persons: Emma Malcolmson, Malcolmson, Gen Zers, Gen Xers, millennials, Z, Gen Z's, Gen Z, Zers, —, Mele, Cloey Callahan, I'm Slack, Callahan, it's, Lou Ali, Ali, they've, Z's, Ellen Hendriksen, Hendriksen, there's, Henriksen, we'll, Michelle P, King, Eve Upton, Clark Organizations: Health, Safety, Deloitte, Gallup, Depression Association of America, Google, OnePoll Locations: Canada, New York

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. Crypto companies spent $18.96 million in the first three quarters of 2023 on lobbying, compared with $16.1 million during the same period in 2022. That was despite last year's spectacular meltdown of crypto exchange FTX, which had been a top-ten spender. Coinbase (COIN.O), the largest U.S. crypto exchange, led the pack again, spending $2.16 million, followed by Foris DAX, which operates Crypto.com, the Blockchain Association and Binance Holdings. Although those bills have yet to advance further, crypto lobbyists are not letting up.

Persons: Marco Bello, spender, FTX, Foris DAX, Kristin Smith, Sam Bankman, Fried, Coinbase, Binance, Crypto.com, Hannah Lang, Michelle Price, Matthew Lewis Organizations: REUTERS, Rights, Blockchain Association, Binance Holdings, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Miami Beach , Florida, U.S, Washington, Manhattan, Binance

☆ Gen Z may be on track to kill middle management
▼ + stars: | 2023-12-05 | by ( Lindsay Dodgson | Sawdah Bhaimiya | ) www.businessinsider.com time to read: +12 min

The result may be that Gen Z largely kills off middle management roles for good. AdvertisementIt may even be that Gen Z kills off middle management for good. Success looks different to Gen ZBen Voyer, an ESCP Business School professor and founder of the Gen Z Observatory, told BI that his research showed that "success takes many more different forms" for Gen Z workers. Advertisement"It seems like the employees like to blame the middle managers, and the leadership likes to blame middle managers," she said. AdvertisementKing also agreed that Gen Z rejecting middle management is not because they're work-averse or lazy.

Persons: —, Wendy, — millennials, Zers — Wendy, wasn't, Millennials, Gen Zers, Vivian Lynn, dwindles, Z Ben Voyer, Michelle P, Netflix's, it's, King, Morgan Sanner, they're, Sanner, Voyer, there's, Gen, Zers, they'll, haven't, millennials, Lynn, she's Organizations: Service, Business School, Resource Solutions, American Staffing, Harris, Pew Research Center Locations: America

Spokespeople for the banks declined to provide comment ahead of the hearing or did not respond to requests for comment. Kevin Fromer, president of the Financial Services Forum, which represents the CEOs, said he expected Basel to be a focus. Big bank CEOs have been appearing before Congress for several years after the 2007-09 financial crisis and subsequent scandals thrust the industry into Washington's crosshairs. Former Wells Fargo CEO Tim Sloan, meanwhile, resigned in March 2019 after stumbling during a hearing about the bank's regulatory woes. But after years of playing defense, the CEOs are expected to be more assertive, this time backed by Republicans critical of red tape.

Persons: Andy Cecere, William Demchak, Jamie Dimon, Jane Fraser ,, Brian Moynihan, William Rogers, Wells, Bank of America's Brian Moynihan, Citi's Jane Fraser, Wells Fargo's Charles Scharf, Goldman Sachs, David Solomon, Morgan Stanley's James Gorman, Ronald O'Hanley, BNY Mellon's Robin Vince, Sherrod Brown, Brown, Kevin Fromer, Dimon, Elizabeth Warren, Tim Sloan, meanwhile, Tim Scott, Pete Schroeder, Nupur Anand, Tatiana Bautzer, Saeed Azhar, Lananh Nguyen, Michelle Price, Nick Zieminski Organizations: U.S . Bancorp, PNC Financial Services Group, JPMorgan Chase, Co, Citigroup, Jane Fraser , Bank of America, Truist Financial, JPMorgan, Bank of America, Bank of America's, Democratic, Silicon Valley Bank, Financial Services, Big, Former Wells, Republicans, Thomson Locations: WASHINGTON, Wells Fargo, Silicon, Basel, New York

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing RightsNov 29 (Reuters) - The U.S. government will cut off cryptocurrency companies from the broader U.S. economy if they fail to block and report illicit money flows, Deputy Treasury Secretary Wally Adeyemo warned the industry on Wednesday. The Biden administration on Tuesday sent a letter to Congress, requesting new legislation that would grant Treasury the authority to police crypto marketplaces used by actors the U.S. government deems illicit, Adeyemo said. Binance said in response that it had worked hard to make the platform "safer and even more secure." Reporting by Hannah Lang in Washington; Editing by Michelle PriceOur Standards: The Thomson Reuters Trust Principles.

Persons: Marco Bello, Wally Adeyemo, Adeyemo, Biden, Changpeng Zhao, Binance, Hannah Lang, Michelle Price Organizations: REUTERS, U.S, Blockchain Association, Treasury, Palestinian, Prosecutors, Islamic, Thomson Locations: Miami Beach , Florida, U.S, Israel, Gaza, al Qaeda, Islamic State, Iraq, Syria, Washington

☆ In spot bitcoin ETF race, some pioneers stick to the sidelines
▼ + stars: | 2023-11-28 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +6 min

The SEC has long rejected spot bitcoin ETF applications on the grounds they do meet its investor protection requirements. Industry hopes that position would shift surged in June when BlackRock (BLK.N), which has an almost unbroken record of SEC ETF approvals, filed for a spot bitcoin ETF. The only prospective issuer to disclose proposed investor fees so far is Ark Investment, which last week announced its spot bitcoin ETF would charge a fee of 0.8%. To be sure, issuers hoping to launch spot bitcoin ETFs have a more bullish outlook than those sticking to the sidelines. Magoon hopes the buzz surrounding a spot bitcoin ETF will draw more assets to Amplify's BLOK ETF.

Persons: Marco Bello, it's, Dave Mazza, Gary Gensler, Michael Sapir, ProShares, Sapir, Roxanna Islam, Aisha Hunt, Kelley, Christian Magoon, Roundhill, Mazza, Magoon, Tom Staudt, Staudt, Suzanne McGee, Michelle Price, Deepa Babington Organizations: REUTERS, Roundhill Investments, SEC, Industry, BlackRock, Ark Investment, Amplify's, Ark Investments, Thomson Locations: Miami Beach , Florida, U.S, BlackRock, Invesco, Amplify's BLOK

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 27 (Reuters) - Former Binance chief Changpeng Zhao must stay in the United States for the time being, a federal judge said on Monday, after the founder of the world's largest cryptocurrency exchange pleaded guilty to violating U.S. anti-money laundering laws. U.S. District Judge Richard Jones in Seattle said he would review whether Zhao should have to stay in the United States after the U.S. government appealed a decision by another judge allowing Zhao to return to the UAE before his Feb. 23 sentencing hearing. Last week, Zhao conceded: "I made mistakes, and I must take responsibility." The government had said it may be unable to secure Zhao's return to the United States given it has no extradition treaty with the UAE. Lawyers for Zhao disputed that he was a potential flight risk, noting that he paid a "substantial" bail package and voluntarily came to the United States to accept responsibility for his actions.

Persons: Zhao Changpeng, Binance, Benoit Tessier, Changpeng Zhao, Zhao, Richard Jones, Chris Prentice, Hannah Lang, Michelle Price, Bill Berkrot Organizations: Viva Technology, Porte de, REUTERS, United Arab, District, U.S, UAE, Binance Holdings, Justice, Lawyers, Thomson Locations: Porte, Paris, France, United States, Seattle, United Arab Emirates, Canada, Binance, New York, Washington

Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it's quite small," Nansen analysts said. By comparison, investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. Lawyers for Zhao, who founded Binance in 2017, did not respond to requests for comment on Wednesday. Zhao paid a $175 million bail bond, with another $15 million held in a trust account, a court filing showed.

Persons: Dado Ruvic, Changpeng Zhao, Binance, Zhao, Richard Teng, Nansen, ransomware, Arthur Hayes, Hayes, Sam Bankman, Fried, Daniel Silva, Buchalter, Luc Cohen, Michelle Price, Richard Chang Organizations: REUTERS, Nansen, U.S, U.S . Securities, Exchange Commission, Islamic, Binance, Prosecutors, Justice, Reuters, Thomson Locations: al Qaeda, Islamic State, Iraq, Syria, Dubai, Seattle, United States

☆ Binance sees $956 mln in outflows after Zhao steps down to settle U.S. probe
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it’s quite small," Nansen analysts said. Investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. While authorities have probed Zhao and Binance for years, Zhao's exit marks a dramatic development for one of the most powerful figures in the crypto industry.

Persons: Dado Ruvic, Nansen, Changpeng Zhao, Zhao, Richard Teng, Binance, Zhao's, Lisa Pauline Mattackal, Jonathan Stempel, Chris Prentice, Michelle Price, Anil D'Silva Organizations: REUTERS, Investors, U.S, U.S . Securities, Exchange Commission, Justice Department, Thomson Locations: Nansen, Dubai, Seattle, United States, Bengaluru, New York

The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against the Consumer Financial Protection Bureau (CFPB), he said. To be sure, the financial regulators have been sued many times during previous administrations, including by pro-reform advocacy groups. "There are some financial regulators that are walking right into it," he added. In September, for example, bank groups accused regulators including the Federal Reserve of violating the APA with a new capital rule. According to research by Wharton School professor David Zaring, neither industry groups nor individual lenders have filed more than one suit over the past decade challenging Fed policymaking.

Persons: Jim Bourg, Gibson, Dunn, Crutcher, Joe Biden's, Donald Trump's, Tom Quaadman, Jack Inglis, CFPB, Dennis Kelleher, Trump, Eugene Scalia, Gibson Dunn, Scalia, Antonin Scalia, Rebeca Romero Rainey, David Zaring, Kelleher, Douglas Gillison, Chris Prentice, Pete Schroeder, Nate Raymond, Jody Godoy, Megan Davies, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, WASHINGTON, Democratic, Republican, Reuters, APA, U.S . Chamber of Commerce, Securities and Exchange Commission, Consumer Financial Protection Bureau, Funds, Alternative Investment Management Association, Fifth Circuit, Appeals, Better Markets, Biden, American Bankers Association, Labor, Supreme, Independent Community Bankers of, Federal, Wharton School, Thomson Locations: Washington, Independent Community Bankers of America

This raised doubts over whether SEC rules would survive a court challenge. An SEC spokesperson declined to comment on Scope 3 emissions and when the climate disclosure rules will be finalized. Even some advocates of climate action have expressed concerns about the logistical challenges of accurately calculating Scope 3 emissions. For many businesses, however, Scope 3 emissions represent more than 70% of their carbon footprint, according to consulting firm Deloitte. Some voluntary initiatives such as the International Sustainability Standards Board already specify that it is best practice to disclose Scope 3 emissions.

Persons: Rebecca Cook, Gary Gensler, Joe Biden's, Biden, Gensler, Jarrett Renshaw, Douglas Gillison, Isla Binnie, Chris Prentice, Ross Kerber, Simon Jessop, Michelle Price, Greg Roumeliotis, David Gregorio Our Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Union, Republican, Commission, Democrat, Deloitte, Gensler, Republican SEC, Sustainability, U.S . Chamber, Commerce, Thomson Locations: Detroit , Michigan, U.S, CALIFORNIA, California, Washington, New York, Boston, London

☆ How close are crypto markets to first spot bitcoin, ether ETFs?
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

Word "Crypto" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 20 (Reuters) - A spate of filings for spot bitcoin and ether exchange-traded funds (ETFs), including from traditional finance heavyweights, has revived the crypto market that had been crushed by a series of meltdowns last year. A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August. Here is a pipeline of filings for spot bitcoin ETFs awaiting approval:Reuters GraphicsHere is a pipeline of spot ether ETFs awaiting approval:Here are some ether futures-tied ETFs that have been approved recently:Sources: filings, media reports, company statementsReporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Michelle Price and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: magnifier, Dado Ruvic, Manya Saini, Niket, Michelle Price, Shounak Organizations: REUTERS, SEC, Thomson Locations: Bengaluru

U.S. oversight of Big Tech financial services is fragmented. The CFPB rule would toughen up supervision, requiring Big Tech to comply with its rules on privacy protections, executives' conduct and unfair and deceptive practices. Without regulatory scrutiny, they could leverage their growing dominance of consumer payments to capture other services like lending and card issuing, analysts said. 'LEG UP'Representatives for Big Tech have accused the CFPB of trying to protect traditional lenders. While Big Tech companies have deep pockets and plenty of resources to handle the new scrutiny, the rule could limit how they use and protect consumer data.

Persons: Dado Ruvic, Rohit Chopra, Todd Phillips, Dodd, Frank, It's, Paige Pidano Paridon, Chopra, John Coleman, Hannah Lang, Stephen Nellis, Michelle Price, Richard Chang Organizations: Apple, REUTERS, Wall, Big Tech, Consumer Financial Protection Bureau, Google, Georgia State University, PayPal, Federal, McKinsey, Bank, BPI, Banks, Representatives, Big, Herrington, Thomson Locations: U.S, Washington

☆ US SEC presses judge to force Elon Musk to testify in Twitter probe
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

In a document filed in federal court in San Francisco on Thursday, the SEC defended its efforts to compel Musk's testimony, saying agency officials are acting within their authority. The SEC last month said it was investigating Musk's 2022 purchases of stock in Twitter -- which Musk subsequently renamed X -- and his statements and SEC filings relating to his takeover of the social media giant. Musk had refused to attend a September interview for the probe, the SEC said. Musk and his lawyers on Nov. 2 asked the judge to deny the SEC's motion to compel his testimony, saying Musk had already testified twice and that the agency was exceeding its authority. But the SEC on Thursday rejected those claims, saying agency officials are indeed granted authority by law to seek testimony and documents as they pursue their investigative work.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, Chris Prentice, Michelle Price Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, U.S . Securities, Exchange Commission, SEC, U.S, Thomson Locations: Paris, France, San Francisco

REUTERS/Evelyn Hockstein/ Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The Federal Reserve's top Wall Street cop Michael Barr and other bank regulators will defend plans to hike U.S. bank capital requirements when they appear before Congress this week as they come under increasing pressure from many lawmakers to rein in their efforts. The proposal would overhaul how banks gauge risk and, in turn, how much capital they must hold against potential losses. Regulators say stronger cash cushions will make the financial system safer and are especially crucial after three banks failed earlier this year. As part of their campaign to kill the Basel proposal, banks have been lobbying lawmakers to put pressure on the regulators. On Monday, 39 Senate Republicans stepped up the pressure, asking the regulators to scrap the proposal, citing economic harm.

Persons: Michael Barr, Evelyn Hockstein, Barr, Federal Deposit Insurance Corporation's Martin Gruenberg, Mike Hsu, Mark Warner of Virginia, Jon Tester, Isaac Boltansky, Gruenberg, Michelle Price, Pete Schroeder, Jonathan Oatis Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Rights, Federal, Federal Deposit Insurance, Financial, Democrat, Senate, Republicans, Journal, Industrial, Commercial Bank of China, Treasury, Thomson Locations: Washington , U.S, U.S, Basel, Montana

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