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☆ Mike Johnson: Doing ‘the right thing’ may cost the speaker his gavel
▼ + stars: | 2024-04-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —It took less than six months for Speaker Mike Johnson to reach his existential moment. His tiny majority means he can’t afford to lose more than one GOP vote to pass a bill on a party-line vote. But a GOP speaker dependent on Democratic votes will be seen by many Republicans as a tool of the minority party and would be on borrowed time. In this way, those who oppose Ukraine aid on principle could vote against it, allowing Democrats who support it to ensure its passage. These are important responsibilities,” Johnson told Tapper.

Persons: Mike Johnson, Kevin McCarthy, Paul Ryan, John Boehner –, Johnson, ” Johnson, CNN’s Jake Tapper, Marjorie Taylor Greene, Thomas Massie of, Donald Trump’s, Trump, Greene, Chip Roy, Roy, ”, –, CNN’s Manu Raju, ’ Johnson, he’s, Tapper, “, Dan Crenshaw, CNN’s Raju, Johnson “, ” Trump, hasn’t, bankrolling, Dwight Eisenhower, George W, Bush, Vladimir Putin doesn’t, We’re, Putin, Xi, Lloyd Austin, Biden, he’d Organizations: CNN, Louisiana Republican, Republicans, Texas Rep, Democratic, GOP, White, Texas GOP, Lago, Trump, Senate, “, ”, House Defense Locations: Ukraine, Israel, Taiwan, Marjorie Taylor Greene of Georgia, Thomas Massie of Kentucky, Mexico, Kyiv, Washington, Texas, Mar, Trumpism, Europe, Iran, North Korea, British, Jordanian, Russia, Russia’s, United States

☆ A Harvard professor is risking his reputation to search for aliens. Tech tycoons are bankrolling his quest.
▼ + stars: | 2024-04-08 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +26 min

The Harvard professor's research is bankrolled by tech tycoons "pissed off" at academia's dogma. But this boundary-pushing is exactly why he's backed Loeb's research. AdvertisementDesch, the astrophysicist from Arizona University, posted a critique of Loeb's work on arXiv alleging "multiple fatal flaws with the manuscript's arguments." Asked whether he no longer believes in a possible technological origin for the meteor, Loeb said they need to investigate further. As he plans more extravagant expeditions to prove the origin of the interstellar meteor, Loeb likens his critics to crows pecking at the neck of an eagle.

Persons: Avi Loeb, Loeb, —, Steven Desch, they're, Loeb's, they've, Charles Hoskinson, that's, Anibal Martel, Mark Zuckerberg, Stephen Hawking, Lucas Jackson, Oumuamua, Desch, It's, Meech, Hoskinson, Rather, Lane Turner, James Webb, Bill Diamond, Stenzel, AARO, UAPs, Loeb hasn't, Joe Rogan's, Eugene Jhong, Galileo, ", Frank Laukien, Laukien, Charles Alcock, Seth Shostak, Stephen Wolfram, Richard Branson's, Vera, Rubin, Avi Loeb Loeb, what's, Rob McCallum, Mariana Trench, James Cameron, Avi Loeb Hoskinson, spherules, Harvard's Stein Jacobsen, Loeb didn't, Monica Grady, Patricio Gallardo, it's, Diamond, That's Avi, Adam Glanzman Organizations: Harvard, Service, Arizona State University, Netflix, Galileo, Anadolu Agency, Reuters, University of Hawaii, Boston Globe, James Webb Telescope, NASA, SETI Institute, Pew Research Center, Department of Defense, UAP Department of Defense, Jhong, Bruker Corporation, Smithsonian's, for Astrophysics, MIT, Wolfram Research, Harvard University, Survey, US Space Command, Hoskinson, UK's Open University, University of Chicago, Arizona University, U.S . Government, The Washington, Getty, Loeb, Astronomy, Astrophysics Locations: Lexington , Massachusetts, United States, Getty, Loeb's, New York, Cambridge, Massachussetts, UAPs, Colorado, Chile, Papua New Guinea, 2401.09882, IM1

☆ Opinion | Trump Is Financially Ruining the Republican Party
▼ + stars: | 2024-03-31 | by ( Michelle Cottle | ) www.nytimes.com time to read: +2 min

Which leads me to gently note: Hey, Republican Party, pay attention! You are being herded toward potential financial ruin. One might assume that a presidential nominee who generates as much devotion as Mr. Trump would be a financial boon to his party. With Mr. Trump, everything is about Mr. Trump. ($44.8 million).” While the Republican base may be smitten with Mr. Trump, plenty of big-money donors are skittish about bankrolling his nonsense.

Persons: Donald Trump, barker, aren’t, Trump, MAGA, Biden’s, Axios, “ The Organizations: Republican Party, Congress, “ The Biden, Trump, Republican, Miss Universe

A different kind of battle for Third PointA small computer chip design company, R2 Semiconductor, has been notching wins in a potentially big patent fight against Intel over the past few months — a dispute that could force Intel to stop selling several chip lines in Europe. The context: R2 sued Intel, as well as two customers, Hewlett Packard Enterprise and Dell, in Germany, alleging that the chipmaker had infringed on a patent dealing with voltage regulation in semiconductors. A regional court in February issued injunctions against the sale of at least some Intel chips. And on March 8, a higher court rejected Intel’s effort to halt the decision. Meanwhile, a trial in Britain over the patent is set to begin next month.

Persons: DealBook, Dan, haven’t Organizations: R2 Semiconductor, Intel, Amazon Web Services, Fujitsu, Hewlett Packard Enterprise, Dell Locations: Europe, Germany, Britain

☆ Who is Jeff Yass? The billionaire donor with investments in TikTok’s parent company
▼ + stars: | 2024-03-12 | by ( Kalhan Rosenblatt | ) www.cnbc.com time to read: +3 min

Yass co-founded the Philadelphia-based trading firm Susquehanna International Group, which owns a 15% stake in TikTok's China-based parent company, ByteDance. Yass' investment is under threat today, and the typically press-shy billionaire is taking fire from both the left and the right. "This would be a nightmare for Yass, given the major investment in TikTok, if a forced ban hit the company under the Biden administration," Ives said. Today, at least 150 million Americans use TikTok regularly, according to company data. The company has said it stores U.S. users' data securely and rejects the idea that it poses a threat to national security.

Persons: Jeff Yass, Yass, Donald Trump, ByteDance, Joe Biden, Dan Ives, Biden, Ives, TikTok, Chip Roy, Shou Zi Chew Organizations: Susquehanna International Group, TikTok, Wedbush Securities, Susquehanna, NBC, Capitol Locations: TikTok, Washington, Yass, Philadelphia, TikTok's China, bankrolling, ByteDance, Beijing, Texas

☆ Russia's war with Ukraine has its economy facing 'death by a thousand cuts,' economist says
▼ + stars: | 2024-02-26 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

Russia's war with Ukraine has its economy facing "death by a thousand cuts," a British economist wrote. Russia's economy seems to be getting along amid its protracted war in Ukraine and harsh sanctions from the West, but that can't go on forever, according to one economist. "Russia's economy faces death by a thousand cuts," British economist Roger Bootle wrote in the Telegraph on Sunday. In spite of heavy sanctions, Russia's economy actually grew 3.6% last year, faster than most countries in Europe, Bootle noted. War spending is booming, and as war production rises, its gains spill into other pockets of the economy.

Persons: Roger Bootle, Bootle Locations: Ukraine, British, Russia, Europe, Bootle

☆ US divisions over Putin’s Russia present grave global implications
▼ + stars: | 2024-02-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —US politics is now split by a fault line over Russia that could have far graver global implications even than condemning Ukraine to defeat after President Vladimir Putin’s invasion. Trump has also not repudiated his recent comment that he’d invite Russia to invade NATO nations that fell short of non-binding targets on defense spending. Aside from the mysterious hold that Putin appears to exert over Trump, the ex-president’s hostility towards Ukraine is easily explainable. Opposing aid to Ukraine is also an almost perfect issue for the ex-president and his allies in the GOP primary. These pressures weigh on Republican lawmakers as they cast increasingly tough votes on Ukraine aid.

Persons: Vladimir Putin’s, Donald Trump, Trump, Mike Johnson –, Johnson, Joe Biden, Biden, Volodymyr Zelensky, Russia’s, ” Biden, Zelensky, –, Alexey Navalny, Hungary’s Viktor Orban, Putin’s, Putin, Trump’s, Kevin McCarthy’s, hasn’t, Ohio Sen, JD Vance, Ukraine “, Vladimir Putin, ” Vance, Barack Obama, “, ”, Vance, Nikki Haley, Haley, Sen, Pete Ricketts, Ricketts, ’ ” Ricketts, ‘, ’ ”, It’s, Mitch McConnell Organizations: CNN, Donald Trump Republicans, NATO, Trump, GOP, Senate, Republican, Soviet, European Union, Russian, Republican Party, Republicans, Munich, Ohio, United, Chicago Council, Global Affairs, Trump Republicans, Ukraine Locations: Russia, Ukraine, Europe, Avdiivka, Russian, Kremlin, America, United States, Munich, China, “, Ohio, Crimea, East Asia, Beijing, Moscow, Iran, North Korea, we’re, ’ ” The Nebraska, Soviet Union

☆ The 'True Detective: Night Country' showrunner wants you to decide what actually happened in the finale
▼ + stars: | 2024-02-19 | by ( Kirsten Acuna | Palmer Haasch | ) www.businessinsider.com time to read: +7 min

The finale of "True Detective: Night Country" answered some of our biggest questions — and left others open. Warning: Major spoilers ahead for episode six of "True Detective: Night Country." Warning: Major spoilers ahead for episode six of "True Detective: Night Country." Jodie Foster as Danvers in "True Detective: Night Country." Jodie Foster and Kali Reis as Danvers and Navarro in episode six of "True Detective: Night Country."

Persons: —, Issa López, Liz Danvers, Jodie Foster, Evangeline Navarro, Kali Reis, López, I'm, Danvers, Michele K, Annie Kowtok's, Raymond Clark, Annie Kowtok, bankrolling, Clark, Tsalal, Kowtok, Silver, Hank, Navarro, Bee, it's, Otis Heiss, Hank Prior Organizations: HBO, Silver Sky, Danvers Locations: Danvers, Tsalal, Navarro

☆ Why Elon Musk's battle with Delaware is about more than a $55 billion pay package
▼ + stars: | 2024-01-31 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Musk's Tesla pay was structured without a salary to involve 12 stock option awards that would only be given once performance goals for each of them were met. Though Musk can appeal the decision, there are signs that this battle is about more than just the massive pay package that has propelled him to a $205 billion fortune. The carmaker is currently worth $600 billion, up from roughly $50 billion in 2018, when Musk received his pay plan. So it's reasonable to take Musk at face value when he says his Tesla pay, as McCormick put it, is a "means of bankrolling that mission." Closer to home, Musk's legal battle could trigger a rethink of where Corporate America goes to do business.

Persons: —, Elon, Thomas Jefferson, Tesla, Richard Tornetta —, Musk, Judge Kathaleen McCormick, Musk's Tesla, Chandan Khanna, …, Judge McCormick, McCormick, DealBook, that's Organizations: Service, The, The Diamond State, Business, SpaceX, Toyota, Delaware Inc, Corporate America Locations: Delaware, The Diamond, Tesla, Mars, America's, America, Nevada, Texas

FORT LAUDERDALE, Fla. (AP) — Inter Miami played six preseason matches last season. It's basically an around-the-world, big-crowd, big-money, bright-spotlight batch of preseason games for Inter Miami, which instantly became a global brand when Messi announced last summer that he was joining the Major League Soccer club. Political Cartoons View All 253 Images“It’s incredible,” said DeAndre Yedlin, the Inter Miami defender who was captain until Messi arrived. But Inter Miami not only understands the value of having Messi, it welcomed this massive preseason stretch in advance of an MLS season that starts Feb. 21. “You have to see how many times these people are going to have this possibility.”The financial benefit of Inter Miami and Messi playing in Saudi Arabia hasn't been revealed.

Persons: Lionel Messi's, Al Nassr, Messi, Cristiano Ronaldo, ”, DeAndre Yedlin, it’s, Leo, he’s, what's, Ballon, Messi —, Germain, Gerardo “ Tata ” Martino, Saudi Arabia hasn't, Sergio Busquets, Jordi Alba, Luis Suarez, LIV Golf, hasn't, ” Messi, Drake Callender, “ Organizations: — Inter Miami, Inter Miami, Al, Dallas, Cotton, Major League Soccer, ” Inter Miami, Argentina, MLS, Inter Miami —, Paris Saint, “, Messi, Saudi, Florida International University, it's, Ronaldo Locations: FORT LAUDERDALE, Fla, Florida, Saudi Arabia, Hilal, Portugal, El Salvador, Hong Kong, Japan, Saudi, Spanish, Riyadh, “

☆ Ukraine’s US lifeline is hanging by a thinning thread
▼ + stars: | 2023-12-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

In a grave blow to its prospects, Ukraine aid has now been embroiled by Republicans in a separate imbroglio over immigration. While Ukraine’s survival is at stake, so is the reputation of the United States as a global leader. Johnson may struggle to retain his tenuous hold on his job if he uses Democratic votes to pass a Ukraine funding package. The Ukraine aid package is now caught in the most intractable US political issue — immigration. “We are at a moment in history.”But a group of Republican senators who normally back Ukraine aid signaled Monday they couldn’t move forward without immigration changes attached to the measure.

Persons: Vladimir Putin’s, Joe Biden, Israel —, “, Jake Sullivan, Vladimir, ”, Sullivan’s, Shalanda Young, Mike Johnson, United States Oksana Markarova, CNN’s Wolf, Volodymyr Zelensky, Lloyd Austin, Zelensky, Donald Trump, Putin, Trump –, Republican Sen, Jim Risch of, “ Vladimir Putin, …, he’s, outlasting, ” Risch, Ben Hodges, ” Hodges, Johnson, Biden, Chuck Schumer, Texas Sen, John Cornyn Organizations: CNN, White, of Management, GOP, Wing, Kremlin, Trump, Republican, Intelligence and Foreign Relations, Halifax International Security, US Army, of, Republicans, Democratic, New York Democrat, Texas, Ukraine, US Defense Department, Internal Revenue Service, – Locations: Israel, Ukraine, Russian, U.S, United States, Russia, Moscow, North Korea, Iran, Kyiv, Washington, China, Jim Risch of Idaho, Canada, Ret, — Washington, Berlin, Paris, London, of America, Europe, Crimea, Ukrainian, Mexico, Taiwan

The conflict is also testing the limits of the regional coalition whose members - which include the Syrian government, Hezbollah, Hamas and other militant groups from Iraq to Yemen - have differing priorities and domestic challenges. On Oct. 7, Hamas' military commander Mohammed Deif called on its axis allies to join the struggle. Yet, like its backer Iran, Hezbollah has avoided an all-out confrontation. Iran does not recognise Israel's existence, while Israel has long threatened military action against Iran if diplomacy fails to curb its disputed nuclear activity. "Iran has shown a four-decade commitment to fighting America and Israel without entering into direct conflict.

Persons: Ali Khamenei, Ismail Haniyeh, wouldn't, Yemen's Houthis, Mohanad Hage Ali, Israel, Mohammed Deif, Khaled Meshaal, Dennis Ross, Hamas didn't, didn't, Sayyed Hassan Nasrallah, Joe Biden, Lloyd Austin, Yoav Gallant, Israel didn't, Karim Sadjadpour, Parisa Hafezi, Laila Bassam, Arshad Mohammed, Tom Perry, Jonathan Saul, Idrees Ali, Phil Stewart, Pravin Organizations: Israel, Reuters, Hezbollah, Carnegie Middle East Center, Hamas, Washington Institute for Near, Iran, AMERICA, United, U.S, Pentagon ., . Defense, NORTH Austin, Carnegie Endowment, International, Thomson Locations: DUBAI, Tehran, Israel, Iran, Palestinian, Iraq, Syria, Yemen, Beirut, Gaza, Lebanon, Palestine, United States, U.S, East, Iranian, Afghanistan, Seoul, ISRAEL, America, Dubai, Saint Paul, Jerusalem, Washington

☆ Mitch McConnell warns GOP senators they’ll face ‘incoming’ if they back Hawley bill to limit corporate giving in campaigns
▼ + stars: | 2023-10-31 | by ( Manu Raju | ) edition.cnn.com time to read: +3 min

According to multiple sources familiar with the Tuesday lunch meeting, McConnell warned GOP senators that they could face “incoming” from the “center-right” if they signed onto Hawley’s bill. On that list of senators: Hawley himself, according to sources familiar with the matter. But there’s also no love lost between McConnell and Hawley, who has long criticized the GOP leader and has repeatedly called for new leadership atop their conference. In an interview, Hawley defended his bill and said that corporate influence should be limited in elections. “I think that’s wrong,” Hawley told CNN.

Persons: Mitch McConnell, Sen, Josh Hawley, McConnell, Hawley, there’s, ”, Chuck Schumer, ” Hawley, “, Chris Christie, Donald Trump, Mike Braun, Kevin Cramer of North, Marsha Blackburn of, Dan Sullivan, Joni Ernst of Iowa, Roger Marshall of Kansas, Susan Collins of, Steve Daines, Thom Tillis, Lindsey Graham of, Katie Britt, Alabama, Lisa Murkowski, Eric Schmitt of Missouri, Ted Budd of, JD Vance, Ohio, Ron Johnson Organizations: CNN, GOP, Kentucky Republican, Fund, McConnell, New, New York Democrat, Missouri Republican, Indiana Locations: New York, Ukraine, Israel, Colorado, Kevin Cramer of North Dakota, Marsha Blackburn of Tennessee, Alaska, Susan Collins of Maine, Montana, North Carolina, Lindsey Graham of South Carolina, Ted Budd of North Carolina, Ron Johnson of Wisconsin

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Persons: —, he's, They've, haven't, we've, we're, it's, you've Organizations: Service

☆ Trump endorses Jordan as he injects himself into House chaos
▼ + stars: | 2023-10-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

The ex-president dived into the mayhem following the ouster of House Speaker Kevin McCarthy, characteristically seeking to cast himself as kingmaker and to steal the spotlight for himself. Then Trump teased the possibility that he could even step in as speaker himself on an interim basis. But the ex-president’s biggest bombshell was still to come – shortly after midnight, he endorsed Judiciary Chairman Jim Jordan for the job. Jordan, who is running against Republican House Majority leader Steve Scalise of Louisiana for the top job, would likely augur a new period of fierce combat with the White House if he wins the speakership. He has opposed the US lifeline of arms and ammunition to Ukraine, and a Republican House majority led by Jordan would likely increase the chances of a government shutdown next month in a showdown over spending with Democrats.

Persons: –, Donald Trump, Kevin McCarthy, Trump, Jim Jordan, “, ” Trump, Joe Biden, Jordan, Steve Scalise, Scalise, McCarthy, ”, ” William Cohen, Bill Clinton, CNN’s Anderson Cooper, McCarthy –, Matt Gaetz, Nancy Pelosi, Steny Hoyer, it’s, ” Rep, Dusty Johnson, ” Johnson, Biden, Volodymyr Zelensky, Matt Rosendale, Rosendale, Jim Sciutto, CNN Max, Vladimir Putin Organizations: CNN, Republican, Trump White House, Capitol, Ohio Republican, Trump, Republicans, Washington, GOP, Democratic, White, ABC News, Biden, ”, CNN News Central, Ukraine Locations: Washington, Louisiana, Ukraine, Jordan, bankrolling, Russia, Maine, Florida, California, South Dakota, Southern, Matt Rosendale of Montana, Russian

☆ Opinion: Why Putin wants a ‘forever war’
▼ + stars: | 2023-10-03 | by ( Sheena Mckenzie | Opinion Mark Galeotti | ) edition.cnn.com time to read: +6 min

CNN —When Westerners talk about the conflict in Ukraine becoming a “forever war,” they tend to mean it as a bad thing. As the forever war becomes the organising principle of “late Putinism,” it excuses — even demands — the tightening grip of repression Putin needs to maintain his control of the nation. From Putin’s point of view, talk of a ‘forever war’ has one final virtue for him — it is demoralising to his enemies. However, from his point of view, talk of a “forever war” has one final virtue for him — it is demoralising to his enemies. No war lasts forever, but peace is still well over the horizon.

Persons: Mark Galeotti, Vladimir Putin, Putin, ” Mark Galeotti, ”, ’, bankrolling, Wagner, Yevgeny Prigozhin, Prigozhin’s Organizations: Mayak Intelligence, University College London, CNN, New Regions, Russian Federation, ” Mark Galeotti Mayak Intelligence, General Locations: Chechnya, Ukraine, Ukraine’s Donetsk, Luhansk, Kherson, Zaporizhzhia, Russia, Ukrainian, Russian, Crimea, Moscow

“This process is not behind schedule.”The July agreement included a pledge of 105 million euros ($110 million) earmarked for migration. As arrivals increased last month, the European Commission announced it would send an initial 127 million euros ($133 million) to Tunisia. Apart from migration, the bulk of the funds are contingent on Tunisia reaching agreement with the International Monetary Fund on stalled loan negotiations. In April, he called the terms “diktats from abroad.”Supporters, including Italian Premier Giorgia Meloni, have hailed Europe's agreement with Tunisia as a regional model. Since taking power in 2019, Saied has repeatedly characterized sub-Saharan African migrants as violent and a threat to Tunisia.

Persons: Kais Saied, ” Saied, Saied, Marcus Cornaro, Saied's, “ We're, ”, Giorgia, ___ Sam Metz Organizations: —, Monday, European Union, TAP, EU, UNHCR, European Commission, International Monetary Fund, World Bank Locations: TUNIS, Tunisia, — Tunisia, Europe, Rome, Tunisian, Italy, North Africa, Italian, Germany, Europe’s, Rabat, Morocco, Georgia

☆ As China’s economy hits turbulence, a top Treasury official heads to Hong Kong to deepen ties with Beijing
▼ + stars: | 2023-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —A top US Treasury official is heading to Hong Kong as the White House continues its quest to ease tensions with Beijing and avoid a destabilizing crisis. During the trip, Neiman — the highest-ranking Treasury official to visit Hong Kong since 2019 — plans to meet with government officials, private sector economists and executives from the financial and legal sectors. He is also set to meet with US companies that are members of the American Chamber of Commerce in Hong Kong as well as with students. “Neiman will stress the United States’ focus on securing and advancing our economic and national security interests, along with those of our allies, and protecting human rights,” the Treasury official told CNN. Hong Kong is a semi-autonomous Chinese territory that is also the country’s international financial center.

Persons: Brent Neiman, Neiman, ”, “ Neiman, Ilaria Mazzocco, Joe Biden, Antony Blinken, John Kerry, Janet Yellen, Gina Raimondo, Yellen’s, Biden, Raimondo’s, can’t, Mazzocco, Yellen, Raimondo, “, ’, ” Clayton Allen, ” Allen, ” Nikki Haley, Nikki Haley, CNN’s Jake Tapper, Wally Adeyemo, it’s, ” Adeyemo, CNN’s Poppy Harlow, Andrew King Organizations: New, New York CNN, US Treasury, US, Treasury, CNN, American Chamber of Commerce, Center for Strategic & International Studies, Washington, Apple, Huawei, Eurasia Group, Republican, Future Union Locations: New York, Hong Kong, Beijing, China, States, Washington, West, United States, “ China

☆ MrBeast sues to shut down the ghost-kitchen that produced MrBeast Burger
▼ + stars: | 2023-08-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

MrBeast, whose real name is Jimmy Donaldson, contracted Virtual Dining Concepts, based in Orlando, Florida, to launch the MrBeast Burger concept in 2020 during the Covid-19 pandemic. The MrBeast burger, of the virtual food delivery chain driven by YouTube celebrity Jimmy Donaldson, in New York, Feb. 24, 2021. Because of that harm, the lawsuit claims Donaldson has the right to end the breached contract and shut down the MrBeast burger business. For example, MrBeast Burger in New York has 2.1 stars on Yelp. In 2022, a physical MrBeast Burger opened at the American Dream mall in New Jersey, sending fans swarming the store on its debut.

Persons: MrBeast, MrBeast Burger, Jimmy Donaldson, Adam Friedlander, Donaldson, it’s, Burger, He’s, ” Donaldson, ”, “ Organizations: New, New York CNN, Court, of, Concepts, YouTube, The New York Times, Beast Investments, Burger, European Union, Investments Locations: New York, Southern, of New York, Orlando , Florida, European Union Canada, Thailand, Singapore, Mexico, Malaysia, New Jersey

☆ Senators spar over whether CFPB has the power to root out junk fees
▼ + stars: | 2023-07-26 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

The committee's first hearing comes as the Biden administration takes a range of steps to root out junk fees, which the CFPB says includes credit card late fees, overdraft fees and surcharges on ticket purchases. Among other actions, the agency recently fined Bank of America $150 million for charging its customers multiple overdraft fees. In his testimony, Brian Johnson, managing director of financial regulatory consultancy Patomak Global Partners, said the CFPB "has been the most enthusiastic among regulators" in targeting junk fees. Democrats argued the power to target junk fees fits within the CFPB's core duties. "And let's not forget, these are the same banks that are bankrolling the attacks on the CFPB," Warren added.

Persons: Biden, Sen, Thom Tillis, Brian Johnson, Johnson, Donald Trump, Elizabeth Warren, JP Morgan Chase, Warren, Wells, Michelle Henry, Henry, Raphael Warnock, Warnock Organizations: WASHINGTON, Financial, Biden, Bank of America, prudential, Consumer Protection, Patomak Global Partners, CNBC, Pennsylvania, Georgia Democrat Locations: Wells Fargo, Georgia

☆ MrBeast: Behind the success of YouTube’s most popular creator
▼ + stars: | 2023-07-15 | by ( Faith Karimi | ) edition.cnn.com time to read: +12 min

“People would tell me, ‘All you do is talk about YouTube videos. Seven years later, Donaldson, better known online as MrBeast, has 167 million YouTube subscribers – more than any other individual creator on the platform. Donaldson navigates a maze in a screenshot from MrBeast's video, "I Got Hunted By the FBI." “That’s an interesting model, because you’re giving video viewers access to something they would never get to see in real life,” Fischer says. He often uses income from his previous videos to outdo himself in his next videos,” Miller says.

Persons: Jimmy Donaldson, ”, podcasters Colin, Samir, “, You’re, ’ ”, Donaldson, Mark Zuckerberg, Colin, ’, Donaldson breathlessly, Sara Fischer, “ It’s, CNN’s Jon Sarlin, ” Fischer, Pete Davidson, Tom Brady, relatable, Miller, MrBeast, ” Donaldson, Monica Schipper, Vince Miller, ” Miller, – Donaldson, Kristen Ruby, Gen Zers, Ruby, Burger, Dave Kotinsky, MrBeast Burger, –, mobbing, “ I’m Organizations: CNN, East Carolina University, YouTube, FBI, NFL, Netflix, Nickelodeon, Microsoft Theater, University of Kent, Ruby Media, Getty, Google, Records, Harvard Business School, Harvard Locations: North Carolina, Los Angeles, Greenville , North Carolina, New Jersey, Greenville, Chile

☆ Analysis: Biden got almost everything he wanted from the NATO summit
▼ + stars: | 2023-07-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —President Joe Biden got almost everything he wanted from the NATO summit. President Joe Biden speaks at Vilnius University in Vilnius, Lithuania, Wednesday, July 12, 2023, after attending the NATO Summit. On Wednesday for instance, Russia marked the NATO summit by launching airstrikes against Kyiv region. US President Joe Biden (R) attends a meeting with Ukrainian President Volodymyr Zelensky at the sidelines of the NATO Summit in Vilnius on July 12, 2023. That President Biden and NATO didn’t invite Ukraine to NATO because he’s afraid of Russia?” Kaleniuk asked.

Persons: Joe Biden, Volodymyr Zelensky, craves, “ It’s, ” Biden, Zelensky, Biden, “, ” Zelensky, Russia –, Putin, NATO’s, craven, Susan Walsh, –, Donald Trump, Mike Pence, Vladimir Putin, Jeff Flake, Fumio Kishida, barnstormed, ANDREW CABALLERO, REYNOLDS, Andrew Caballero, Reynolds, Jake Sullivan, Daria Kaleniuk, ” Kaleniuk, Sullivan, Dmitry Peskov, Ukraine –, William Burns, he’d, ” Organizations: CNN, NATO, Poignantly, Russia, Congress, Nordic, Biden, Vilnius University, Ukraine, Capitol, Republican, Japanese, GOP, ” Ukraine, AFP, Getty, “, NATO didn’t, Kremlin, CIA Locations: Russia, Ukraine, Soviet, Europe, Sweden, Finland, Kyiv, Lithuania, Vilnius, Western, Crimea, US, Ankara, Turkey, AFP, Ukrainian, NATO, Moscow, Russian

My dilemma is that because they think I'm "rich", my siblings and sometimes even my parents expect me to pay for everything. How do I tell my family that I can't afford to pay for everything and I need them to step up? 4 ways to take control of your credit card debt »That said, generosity and family are some of my highest values. You asked me how to tell your family that you can't pay for everything and that you need them to step up. Still, as I am sure you know, credit card debt is often more complicated than being a shopaholic.

Persons: —, it's, Scrooge Organizations: Service Locations: San Fransisco, Kansas City

☆ What 'Ted Lasso' gets wrong about venture capital
▼ + stars: | 2023-06-09 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

Keeley (Juno Temple) starts her own PR agency with funding from an elite venture capital firm. To her dismay, the venture firm installs a chief financial officer to keep watch over the agency and its freewheeling founder. Even Edelman, the world's largest PR firm, cracked $1 billion in revenue after 70 years in business only last year. "The logic that a PR agency would be a good VC deal is ratchet," said Kathy Osborne, founder of Kamel PR. Overnight, the venture firm fires Keeley's staff and shuts down the company, without so much as a call to Keeley.

Persons: Ted Lasso, Keeley, Keeley Jones, girlboss, what's, Juno Temple, Jack Danvers, Keely Jones, Jodi Balfour, Edelman, Kathy Osborne, Kamel, who's, Jack hadn't, Beard, Jack, hasn't, Cash, Barbara Organizations: Apple, Juno, Apple TV, Public Relations, Kamel PR Locations: American, English

PinnedThe PGA Tour and LIV Golf, the insurgent league bankrolled by billions of dollars from Saudi Arabia’s sovereign wealth fund, said on Tuesday that they had agreed to a merger, ending a bitter and costly fight for supremacy of men’s professional golf that had divided top players, everyday fans and corporate sponsors. Now, by merging with the PGA Tour, it has gained a foothold that guarantees it outsize influence in the game’s future. The PIF also will have right of first refusal on new investments in the merged tour, according to the statement announcing the merger. “Going forward, PIF will have the exclusive right to further invest in the new entity, including a right of first refusal on any capital that may be invested in the new entity, including into the PGA Tour, LIV Golf and DP World Tour.” The PGA Tour will appoint a majority of the board, the statement said, and hold a majority voting interest in the combined entity. In a memorandum to PGA Tour players on Tuesday, Monahan said the wealth fund would have a minority position in the new for-profit company that will control men’s golf.

Persons: LIV Golf, bankrolling LIV, “, PIF, LIV, Jay Monahan, we’ve, LIV . Monahan, Yasir al, Monahan, Brooks Koepka, Dustin Johnson, Phil Mickelson, LIV signees, Graeme McDowell, “ It’s, ” Organizations: PGA, Premier League soccer, Public Investment Fund, PGA Tour, ”, Public Investment, U.S Locations: Saudi, Riyadh, Saudi Arabia

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