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☆ Under Armour was a real threat to Nike. Now it’s fighting to stay relevant
▼ + stars: | 2024-05-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

It was the upstart athletic brand that was making real inroads against Nike, the dominant name in the industry. People saw it as a company that actually could break through and take market share from Nike among the hardcore athletes,” Swartz said. String of controversiesThe period from 2016 onward is when “things really started to fall apart” at Under Armour, Swartz said. A bulk of Under Armour products are sold through sporting goods retailers and department stores, including Macy’s and Kohl’s, and online. The basketball superstar Curry, arguably the best shooter in history, famously signed with Under Armour instead of Nike in 2013.

Persons: Armour, Stephen Curry, Jordan Spieth, Kevin Plank, Howard Schultz’s, Bob Iger’s, Plank, ”, David Swartz, Morningstar, ” Swartz, Justin Sullivan, Tommy Gilligan, ” Plank, Swartz, “, —, Stephanie Linnartz, ” Schwartz, Andrew Kelly, Merrell, Zak Stambor, Stambor, Plank’s, Noel Celis, Eric Smallwood, Dwayne Johnson, Johnson, ” Smallwood, Smallwood, Curry, Joel Embiid, Embiid, Skechers, Caitlin Clark Organizations: New, New York CNN, Nike, Starbucks, Disney, CNN, Sports, North, Maryland Terrapins, Southern Methodist Mustangs, Capital, Maryland, Reuters, —, Armour, Sports Authority, Sporting Goods, UCLA, US Securities and Exchange Commission, Footwear News, Adidas, NBA Golden State Warriors, UA Curry II, Getty, Apex Marketing, United Football League, NBA, WNBA Locations: New York, San Rafael , California, North America, College Park , Maryland, Manhattan , New York, Petaluma , California, Manila, AFP

☆ Study proves black holes have a ‘plunging region,’ just as Einstein predicted
▼ + stars: | 2024-05-17 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

Using telescopes capable of detecting X-rays, a team of astronomers has for the first time observed this area — called the “plunging region” — in a black hole about 10,000 light-years from Earth. The study’s findings could help astronomers better understand the formation and evolution of black holes. One thing that’s missing from the study is an actual image of the black hole, because it is too small and far away. But another team of Oxford researchers is working on something even better than a picture: the first movie of a black hole. “For example, it can be used to measure the rotation rate of the black hole,” said Reynolds, who was not involved in the study.

Persons: CNN — Albert Einstein, “ We’ve, ”, Andrew Mummery, ” It’s, Einstein’s, Mummery, “, We’ve, ” Mummery, Weiss, Christopher Reynolds, Reynolds, Dan Wilkins, Wilkins, ” Wilkins Organizations: CNN, Royal Astronomical Society, Leverhulme, Peierls, University of Oxford, NASA, Space, JPL, Caltech, Oxford, University of Maryland, College, Stanford University in Locations: United Kingdom, Africa, Namibia, Stanford University in California

☆ The top 10 most affordable colleges on the 'New Ivies' list from Forbes—2 are private schools
▼ + stars: | 2024-05-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Going to an Ivy League school for college may help you earn a competitive salary down the line. The average tuition price across the Ivy League colleges is $64,829 — and that's before factoring in housing, food, books and other fees, according to the schools' latest available listed prices. Often, as is the case with Ivy League schools, private colleges can offer better financial aid packages through institutional grants and scholarships. These are the 10 new Ivies with the lowest average net price, according to Department of Education data:1. University of Michigan—Ann ArborOut-of-state tuition: $27,864 (figure reflects 2023-24 tuition price, 2024-25 price not available)Average net price: $16,7928.

Persons: University of Texas — Austin Organizations: Ivy League, Princeton University, Harvard College, Department, Education's, Forbes, —, CNBC, of Education, University of Florida, University of North, Georgia Institute of Technology, Rice, University of Illinois, University of Maryland —, University of Michigan, University of Wisconsin —, University of Texas —, Johns Hopkins Locations: University of North Carolina, University of Illinois Urbana — Champaign, Ann Arbor

Indiana Fever 2024 scheduleThe Indiana Fever's regular season will run from May 14 to September 19. The table below features the cheapest starting prices for Indiana Fever tickets on Vivid Seats at the time of writing. How to buy Indiana Fever ticketsOriginal standard tickets to Indiana Fever games are sold through Ticketmaster. Original standard Indiana Fever tickets range in price depending on the date, opposing team, and venue. Overall, the cheapest Indiana Fever resale listings range in price from about $10 to $250, with an average of about $125.

Persons: Caitlin Clark, Clark, Kelsey Mitchell, NaLyssa Smith, They'll, StubHub Organizations: Business, NBA, WNBA, Indiana Fever, Eastern Conference, Iowa, NCAA Division, Boston, Indiana, . Indiana Fever, Indiana Fever's, Connecticut Sun, Washington Mystics, Sun, New York Liberty, Seattle Storm Seattle, Angeles Sparks, Las Vegas Aces Las, Seattle Storm Indianapolis, Chicago Sky, Washington Mystics Washington, Atlanta Dream, Atlanta Dream College, Phoenix Mercury, Minnesota Lynx, Las Vegas Aces, Dallas Wings, Ticketmaster Locations: . Indiana, Uncasville , CT, Washington ,, Sun Uncasville, New York Liberty Indianapolis, New York Liberty Brooklyn, NY, Connecticut Sun Indianapolis, WA, Beach, CA, Las Vegas Aces Las Vegas, Angeles Sparks Indianapolis, Chicago Sky Indianapolis, Washington Mystics Indianapolis, Chicago Sky Chicago, Phoenix Mercury Indianapolis, Minnesota Lynx Minneapolis, Las Vegas Aces Indianapolis, Dallas Wings Indianapolis, Indianapolis, Chicago

☆ Caitlin Clark plays in WNBA preseason debut after being drafted No. 1 by Indiana Fever
▼ + stars: | 2024-05-03 | by ( Homero De La Fuente | Ben Morse | ) edition.cnn.com time to read: +7 min

1 overall pick in the 2024 WNBA draft by the Indiana Fever, scored a game-high 21 points in the team’s preseason game Friday against the Dallas Wings. I think it’s a good kickoff to the WNBA season. I think the way we play, you know there’s some things we could’ve executed a little better. Ogunbowale finished with 19 points, including nine points in the fourth quarter, to lift the Wings to the preseason victory. Michael Conroy/APBoston – who averaged 14.5 points and 8.4 rebounds last season – said she hopes to improve on a promising debut WNBA campaign.

Persons: Caitlin Clark, Clark, Clark dazzles, wasn’t, ” Clark, Arike Ogunbowale, Ogunbowale, Jaelyn Brown, could’ve, TickPick, Caleb Williams, Clark merchanise, Michael Conroy, “ It’s, “, you’ve, –, Boston Organizations: CNN, WNBA, Indiana Fever, Dallas Wings, NCAA, Iowa Hawkeyes, College Park Center, NCAA Division I’s, Wings, Dallas, ”, Iowa, Indiana, Chicago Bears, Hawkeye, Fever, Boston, Eastern Conference, Boston –, Atlanta, Connecticut Sun, Mohegan Sun Locations: Arlington , Texas, Boston, Indianapolis, Indiana

☆ 43-year-old started a side hustle in college with $150—now it brings in $200 million a year: It took 'everything that I had'
▼ + stars: | 2024-04-05 | by ( Tom Huddleston Jr. Lauren Shamo | Tom Huddleston Jr. | Lauren Shamo | ) www.cnbc.com time to read: +5 min

By the time he graduated in 2004, Berkowitz signed a lease to open Insomnia's first brick-and-mortar location, near another college campus in Syracuse, New York. Now, with Krispy Kreme looking to sell Insomnia, Berkowitz says he's "grateful for the journey." Seth Berkowitz estimates he spent roughly $150 on baking ingredients to start Insomnia Cookies. "2009 and 2010 [were] some of the hardest years ever at Insomnia Cookies," says Berkowitz, adding: "There wasn't anyone else to do it. 'Insomnia Cookies is a perseverance story'

Persons: Seth Berkowitz, Krispy, " Berkowitz, Berkowitz, he's, Grubhub, Uber, —, Jared Barnett —, Barnett Organizations: CNBC, University of Pennsylvania, Syracuse , New York ., College Park , Locations: Syracuse , New York, Champaign , Illinois, College Park , Maryland, Syracuse, New York, Philadelphia

The weeklong Koyukon Athabascan burial ceremony in September was traditional in all ways but one: McCormick died in 1931. The 2,500-mile (4,000 km) journey ended at Morningside Hospital. For more than 15 years, volunteers in Fairbanks and in Portland have been working to identify the people who were committed to the hospital. Most records at the private hospital were lost in a 1968 fire, and territorial officials didn’t document those who were committed. McCormick died within weeks from a post-surgery infection.

Persons: — Lucy Pitka, McCormick, “, ”, Lucy, Wally Carlo, Karen Perdue, Niesje Steinkruger, Meg Green, Ellen Ganley, Robin Renfroe, Eric Cordingley, Ganley, Perdue, Gilford Kriska, Kriska, Henry Waldo Coe, Steinkruger, Cordingley, “ I’m, Baby Louise Haven, Lucy McCormick’s, —, Fairbanks, Helen Callahan, Carlo, Grandma Lucy, they’re Organizations: Morningside Hospital, Interior, National Archives, Alaska Natives, Morningside Locations: ANCHORAGE, Alaska, Fairbanks, Portland , Oregon, Valdez, Portland, Morningside, Oregon, College Park , Maryland, Nulato, Juneau, www.findagrave.com, Rampart

☆ Mars volcano the size of Mount Everest was hiding in plain sight, report says
▼ + stars: | 2024-03-29 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

CNN —Scientists may have pinpointed a massive, oddly shaped volcano taller than Mount Everest on the surface of Mars — and it has been hiding in plain sight for decades, according to new research. Some of the largest volcanoes on Mars lie relatively close to the proposed “Noctis volcano.” Shown here: 1) Olympus Mons, the tallest known volcano in our solar system. This NASA visualization of the Tharsis rise shows Olympus Mons, Tharsis Montes, Noctis Labyrinthus, and Valles Marineris. NASA SVSA volcano, a glacier and the history of MarsThe existence of a volcano in Noctis Labyrinthus could also help explain the creation of this bizarre landscape. The existence of a volcano in the region, Lee said, might offer more support for the latter theory.

Persons: Everest, Pascal Lee, NASA SVS Lee, Sourabh, Lee, “ It’s, ”, NASA’s, Noctis Labyrinthus, “, ” Lee, Shubham, Adrien Broquet, we’ve, —, we’re, Noctis, Ernst Hauber, ” Hauber, David Horvath —, Tucson , Arizona —, Broquet, Horvath, ” Horvath, Carl Sagan Organizations: CNN —, Mars, Planetary Science Conference, Olympus, NASA, University of Maryland, College, CNN, NASA’s Mars Reconnaissance, Marineris, Humboldt Research, German Aerospace Center, SETI Institute, German Aerospace Center’s, of Planetary Research, Planetary Science Institute Locations: The Woodlands , Texas, That’s, Mars, Noctis, Valles, Tharsis Montes, Labyrinthus, Tucson , Arizona

(AP) — Lefty Driesell, the Hall of Fame coach whose folksy drawl belied a fiery on-court demeanor that put Maryland on the college basketball map and enabled him to rebuild several struggling programs, died Saturday. Driesell was inducted into the College Basketball Hall of Fame in 2007, but his entry into the Naismith shrine proved more elusive. He went 9-14 in his debut, one of only two times over an entire season in which he would finish with a losing record as a college coach. Congratulations.”After leaving Maryland, Driesell was hired in 1988 by James Madison, a small Virginia school that finished 10-18 in 1987. I figured it out pretty quickly.”___AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball

Persons: Lefty Driesell, Driesell's, Ty Anderson, Driesell, Len Bias, James Madison, “, Mike Krzyzewski, he’s, ” Driesell, George Raveling, Charlie Scott, Davidson, Scott, ”, Len Elmore, “ Lefty, Brad Davis, Naismith, John Wooden, Tom McMillen, John Lucas, Elmore, ” Krzyzewski, Charles Grice Driesell, Joyce, Gary Williams, Williams, Gary, Dean Smith, Adolph Rupp, Bob Knight, “ I’m, I’ve, Chuck, Chuck Driesell, “ Dad, I’m Organizations: of Fame, Maryland, Wofford, Washington Post, NCAA Division, Davidson, Georgia State, Naismith, Basketball Hall of Fame, NCAA, Atlantic Coast Conference, NBA, UNC, Hall of Fame, Driesell, Americans, trailblazer, College Basketball Hall of Fame, Boston Celtics, Park, UCLA, Terrapins, Terps, ACC, Cole, House, Carolina State, NIT, Granby, Duke, Ford Motor Co, Newport News, Southern Conference, Dukes, The Panthers, Citadel Locations: Md, Maryland, Virginia Beach , Virginia, American, North Carolina, Driesell’s, Carolina, N.C, Norfolk , Virginia, Norfolk, Virginia, Wisconsin, Duke

(AP) — Before Gary Williams led Maryland to the 2002 NCAA championship, Lefty Driesell made the Terrapins relevant. “Coach Driesell is Maryland,” said Jeff Baxter, who played at Maryland from 1982-86. “When you think of Maryland Terrapins, you think of coach Driesell, and of course coach Williams winning the national championship that came about, but it never would have been written if it weren’t for coach Driesell. Those are things I don’t think coach got a lot of credit for. ___AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball

Persons: Gary Williams, Lefty Driesell, ” Williams, Lefty, He’s, ’, Driesell, Len Bias, James Madison, ”, Jeff Baxter, Williams, ” Baxter, Guard Keith Gatlin, ” Gatlin, “ I’d, “ Lefty, “, ” ___ Organizations: Terrapins, Illinois, Atlantic Coast Conference, Duke, North Carolina State, Georgia State, Terps, NCAA, ACC, Basketball Hall of Fame, Maryland, Maryland Terrapins, Guard, UCLA, AP Locations: Md, Maryland, North Carolina, North, ” Maryland, Davidson, —, ”

(AP) — The driver of a stolen tow truck led police on a chase through Maryland on Friday, using the vehicle to break through a barricade of law enforcement vehicles and ram private cars that got in its way. Troopers from the College Park barrack responded to a report of a stolen State Highway Administration truck shortly before 5:15 p.m., according to Maryland State Police. The suspect jumped in the truck and took off when the tow truck operator got out to assist with an incident in Prince George's County where the Interstate 495 beltway intersects Interstate 95, Maryland Department of Transportation spokesperson Shantee Felix said in a text message. Officers smashed the vehicle’s windows and pulled the driver out, helicopter footage from WUSA-TV shows. Photos You Should See View All 33 ImagesThe suspect was arrested shortly before 6:30 p.m., according to state police.

Persons: Shantee Felix Organizations: Administration, Maryland State Police, Maryland Department of Transportation, Officers, WUSA, Officials Locations: Md, Maryland, Prince George's County, Montgomery County

A fast-moving storm system brought several inches of snow to parts of the Northeast and Mid-Atlantic regions for the second time this week, leaving two inches of snow in Central Park but double-digit accumulations in other areas, such as parts of Long Island. Zack Taylor, a meteorologist with the National Weather Service in College Park, Md., described the overnight system, which over-performed in some places, as having a “narrow stripe” that brought eight to 12 inches of snow across portions of central Ohio through central Pennsylvania, north-central New Jersey and clipped the very extreme southern portions of New York. Nearly 10 inches of snow accumulated in Coney Island, while parts of Queens recorded up to six inches, according to the National Weather Service. Two inches of snow fell in Central Park. Snow totals so far have ranged from six to 10 inches across southwestern Long Island, southern portions of northeastern New Jersey and parts of Staten Island, forecasters said.

Persons: Zack Taylor Organizations: National Weather Service Locations: Central, Long, College Park, Md, Ohio, Pennsylvania, New Jersey, New York, Coney Island, Queens, Central Park, Staten Island

Learn moreFrom soft-yet-durable sheets to powerful vacuums, the Insider Reviews team rigorously tests and reviews a wide variety of items for the home. We interview industry experts and do extensive research and testing to review the best lawn mowers, best paint, best drills, and more. James Brains/InsiderAdvertisementHow we test home productsWe test home products by using them every day for weeks and months. We test products as professionals to evaluate how each item meets industry standards, but we don't stop there. Her work spans from scoping out the best candles to meticulously evaluating the best vacuums.

Persons: Bissell, Dyson, We've, James Brains, he's, Lauren Savoie, Lauren Savoie Lauren, Lauren, She's, Jaclyn Turner, Jaclyn Turner Jaclyn, Jaclyn, James Brains James, Casper, James, — Organizations: Morning America, CBS Money Watch, Poynter, Leadership Academy, Women in Media, Insider, Homes & Gardens, Real Homes, Journalism, Studies, University of Maryland, College Park, Service Locations: Casper, Brooklinen, Bath, Real, Atlanta

BUFFALO, N.Y. (AP) — Brutally cold temperatures and dangerous wind chills stayed put across much of the U.S. Monday, promising the coldest temperatures ever for Iowa's presidential nominating contest, holding up travelers, and testing the mettle of NFL fans in Buffalo for a playoff game that was delayed a day by wind-whipped snow. Saco, Montana, dropped to minus 51 F (minus 26 C). Subzero lows reached as far south as Kansas, Missouri, Illinois and parts of Indiana, Taylor said. The person killed — the fifth death nationwide attributed to the Arctic cold — was among four snowmobilers attempting to cross U.S. Highway 40 in the Strawberry Reservoir area. Ice jam warnings were issued in Wyoming and Montana, where the bitter cold could cause rivers and streams to lock up with ice and overflow their banks.

Persons: —, Zack Taylor, Taylor, Crews, shovelers, Bob Isaacs, Buffalo, “, Monday, Julie Walker, John Wawrow, Matthew Brown, Jack Dura Organizations: U.S, NFL, National Weather Service, Buffalo Bills, South Buffalo, Presidential, Republican, Utah, Patrol, Authorities, Washington, D.C, Associated Press Locations: BUFFALO, N.Y, Buffalo, College Park , Maryland, Montana . Saco , Montana, Kansas , Missouri , Illinois, Indiana, Highmark, Orchard Park , New York, Lake Erie, Hamburg, Angola, West Seneca, Blasdell, South, Iowa, United States, Utah, Salt Lake City, Colorado, East, Vail , Colorado, Jackson County, Wyoming, Montana, New York City, Billings , Montana, Bismarck , North Dakota

The National Weather Service warned that windy, subfreezing conditions in Montana and the Dakotas could push wind chills as low as minus 70 degrees Fahrenheit (minus 56 degrees Celsius). An estimated 95 million people were under weather warnings or advisories for wind chills below zero F (minus 17 C), according to the weather service. Wind gusts as high as 50 mph (80 kph) were also possible, said Zack Taylor, a National Weather Service meteorologist in College Park, Maryland. Sarah Huckabee Sanders declared a state of emergency ahead of the severe weather to give utility trucks and trucks hauling essential supplies greater flexibility to respond. More than 150,000 homes and businesses in Oregon were without electricity Sunday following heavy snow and ice storms, according to poweroutage.us.

Persons: Zack Taylor, “ They’re, ” Taylor, “, Sarah Huckabee Sanders Organizations: National Weather Service, Buffalo Bills, Pittsburgh Steelers NFL, Rockies, Tennessee ., Tennessee . Arkansas Gov, Authorities Locations: U.S, Montana, Texas, Buffalo , New York, College Park , Maryland, Arkansas, Mississippi, Tennessee, Tennessee . Arkansas, Oregon, Michigan, Wisconsin, Portland, Lake Oswego , Oregon, California , Idaho , Illinois

CHAMPAIGN, Ill. (AP) — Jahmir Young scored 28 points and Julian Reese had 20 points and 11 rebounds to lead Maryland to a 76-67 victory Sunday over No. 10 Illinois, the 10th time this week a team ranked in the top 10 of the AP poll has lost. Marcus Domask scored 26 points for Illinois (12-4, 3-2) and Luke Goode had 13. Coleman Hawkins, who had scored in double figures in seven straight games for the Illini, fouled out with 2:50 left. Illinois led 39-37 at halftime thanks to Dain Dainja scoring seven straight points for the Illini in the final 1:28.

Persons: — Jahmir Young, Julian Reese, Reese, FanDuel Sportsbook, Marcus Domask, Luke Goode, Coleman Hawkins, Hawkins, He’s, ”, Kevin Willard, Brad Underwood, “, Domask, Dain Dainja, Terrance Shannon Jr, Shannon, Colleen Lawless, ” Shannon, Willard, GREAT SCOTT Maryland’s Donta Scott, ___ Organizations: Maryland, Illinois, Terrapins, Illini, ” Terps, he’s, BIG, Terps, Big, Purdue, Houston, HOME, State Farm Center, Michigan State, Missouri, Colgate, Northwestern, GREAT, Rutgers, LAST, AP Locations: CHAMPAIGN, Ill, Maryland, Illinois, “ Maryland, . Illinois, Lawrence , Kansas, Springfield, Lawrence, Kansas, College Park, Michigan

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

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

☆ Chick-fil-A sells wings through a spinoff restaurant called Little Blue Menu. I tried them and liked them a lot better than CFA's signature chicken sandwich.
▼ + stars: | 2023-11-18 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Chick-fil-A opened the first physical location of Little Blue Menu, a new restaurant, in Maryland. Little Blue Menu serves many Chick-fil-A items, as well as chicken wings and burgers. Little Blue Menu serves up two things you won't find at standard Chick-fil-A restaurants: Chicken wings and burgers. Little Blue Menu started serving food in Nashville and Atlanta through ghost kitchens, which prepare food for delivery or pick-up but don't have dining rooms. To find out if Chick-fil-A's wings are any good, I went to Little Blue Menu in College Park.

Persons: —, Chick Organizations: Service, University of Maryland Locations: Maryland, College Park , Maryland, Nashville, Atlanta, College Park

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

☆ Opinion | Israel, Hamas and the Rules of War
▼ + stars: | 2023-11-17 | by ( ) www.nytimes.com time to read: +4 min

By placing military targets in and under civilian structures, it is Hamas that violates laws of war. Mr. Bartov is mute about Israel’s hundreds of phone calls to Gazans warning them to leave buildings in which Hamas fighters were located. To the Editor:In an urgent effort to prevent genocide, Omer Bartov writes about the horrific carnage committed by Israel in Gaza. But to live and die in a world that makes distinctions between crimes against humanity, war crimes, genocide, proportionality, etc., you can lose sight how all of it is utter madness. Robert RothNew YorkTo the Editor:Re “Measuring Israel by the Yardstick of a ‘Just War,’” by A. Walter Dorn (Opinion guest essay, Nov. 13):Professor Dorn examines whether Israel is adhering to the moral framework of “just war” theory.

Persons: Omer Bartov, Bartov, ”, Israel, Norman J.W, Goda Jeffrey Herf Mr, Goda, Herf, Robert Roth, Walter Dorn, Dorn, David Westrich, Robert N, Cahn Organizations: Hamas, Center for Jewish Studies, University of Florida, University of Maryland, College, York, Congressional Locations: Israel, Gaza, David Westrich Teaneck, N.J, Creek, Calif

Nov 16 (Reuters) - Digital wealth management provider Wealthfront, a pioneer in automated investing, now oversees more than $50 billion in assets and is set to grow revenue by more than 140% this year, the company said on Thursday. Wealthfront was founded in 2008 by Andy Rachleff and Dan Carroll and launched automated investing services in 2011. It is a pioneer in using artificial intelligence to craft low-cost investment portfolios for Americans. The U.S. Securities and Exchange Commission (SEC) recently proposed a rule aimed at managing how AI is used to provide investment advice. "We're trying to take the best investment advice that we can through academic research and make that available at low cost to as many clients as we possibly can," he said.

Persons: Wealthfront, David Fortunato, Fortunato, Andy Rachleff, Dan Carroll, Hannah Lang, David Gregorio Our Organizations: Wealthfront, UBS, Reuters, U.S . Securities, Exchange Commission, SEC, Google, Thomson Locations: Washington

Federal rules require banks to reimburse customers for payments made without their authorization, such as by hackers, but not when customers themselves make the transfer. Following its launch in 2017, Zelle grew to become one of the largest U.S. peer-to-peer payments networks by total payments. A March 2022 New York Times report that scams were flourishing on Zelle caught the attention of lawmakers frequently critical of big banks, including Senator Elizabeth Warren. He said Zelle has seen "a step-change reduction" in fraud and scam rates this year but declined to provide details. Chance said EWS has been engaging with policymakers on the need for a "holistic approach" to combating scams, including advocating for more dedicated law enforcement resources.

Persons: Jamie Dimon, Jane Fraser, Brian Moynihan, Banks, Ben Chance, Zelle, Elizabeth Warren, Warren, Dimon, EWS, Chance, ”, Trace, Carla Sanchez, Adams, we're, Lindsey Johnson, Hannah Lang, Chris Prentice, Michelle Price, Rod Nickel Organizations: JPMorgan Chase, Citigroup, Bank of America, Banking, Housing, Urban Affairs, Capitol, Warning, Reuters, Federal, JPMorgan, New York Times, Federal Trade Commission, Consumer Financial Protection Bureau, PayPal, National Consumer Law, Consumer Bankers Association, Thomson Locations: Zelle, U.S, Warren, Washington, New York

☆ Fact Check: Photo shows concentration camp victims in Germany, not Deir Yassin massacre
▼ + stars: | 2023-11-08 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

On April 9, 1948, Jewish gunmen killed scores of Palestinian men, women and children in the village of Deir Yassin near Jerusalem. Scene of Deir Yassin.” The photo shows a group of people walking around a pile of bodies. The photo, however, shows the bodies of people who died in the Nordhausen concentration camp in Germany in 1945. The caption adds that the image shows “less than half of the bodies of the several hundred inmates who died of starvation or were shot by Gestapo men.”VERDICTMiscaptioned. The circulating image was taken in Germany during World War Two and does not depict Deir Yassin in 1948.

Persons: Deir, “ Israel, “ Long, Deir Yassin, Read Organizations: . Holocaust Memorial Museum, National Archives, College, U.S . National Archives, Records Administration, Reuters, Thomson Locations: Germany, Deir Yassin, Jerusalem, Israel, Gaza, Nordhausen, College Park , Maryland

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - The top U.S. consumer financial watchdog on Tuesday proposed to regulate tech giants' digital payments and smartphone wallet services, saying they rival traditional payment methods in scale and scope but lack consumer safeguards. In a statement on Tuesday, Chopra said the tech sector had expanded into financial services traditionally provided by the closely regulated banking sector. "Today's rule would crack down on one avenue for regulatory arbitrage by ensuring large technology firms and other nonbank payments companies are subjected to appropriate oversight," he said. Representatives of Big Tech companies have previously highlighted their efforts to protect consumer data. The agency said the rule would also foster competition by ensuring that both traditional financial players and the tech sector were equally subject to the same oversight.

Persons: Dado Ruvic, Block's, CashApp, Rohit Chopra, Chopra, CFPB, Lindsey Johnson, Douglas Gillison, Hannah Lang, Chris Prentice, Matthew Lewis, Mark Potter, David Gregorio Our Organizations: PayPal, REUTERS, Rights, Consumer, Apple, Big Tech, Consumer Bankers Association, Electronic Transactions Association, Thomson Locations: Washington, New York

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