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Mariyam Tariq Khan/Handout via REUTERSDuring her rollercoaster ride, bitcoin prices swung from under $1,000 to nearly $20,000. She is part of a relatively new class of retail investors who joined the crypto market years ago, helping propel bitcoin’s price to a high of nearly $20,000. Like O’Dell, however, several retail investors who had money on the line during prior bitcoin whipsaws expressed the same emotion about having divested: relief. Unlike stocks or bonds, where business trends or central bank decisions can affect prices, crypto values remain an enigma. Many crypto experts say, though, that institutional investors have played a bigger role than this year than in the past.
Persons: Arianna O’Dell, Akram Tariq Khan, Mariyam Tariq Khan, Handout, I’ve, ” O’Dell, Bitcoin, , Tim Ogilvie, Paul Tudor Jones, Stanley Druckenmiller, whipsaws, you’ve, Khan, , Masayoshi Son, Japan’s Softbank, Michael Edesess, bitcoin, “ They’ll, Colin Platt, , Livi Morris, Morris, She’s Organizations: REUTERS, Reuters, YourLibaas, New York Times, Hong Kong University of Science, Technology, Main Locations: New York City, cryptocurrency, New Delhi, India, Vegas, , cryptocurrencies, London
South Korean protests fan COVID-19 fears
  + stars: | 2020-11-25 | by ( Hyonhee Shin | ) sentiment -0.97   time to read: +2 min
SEOUL (Reuters) - South Korea called on unionists to cancel protests on Wednesday as the country grapples with a third wave of coronavirus infections, warning any violations of social distancing measures will be punished. FILE PHOTO: A woman looks at her mobile phone next to an exit of a subway station amid the coronavirus disease (COVID-19) pandemic at a shopping district in Seoul, South Korea, November 24, 2020. “There are still high risks of infections during meetings and movements before and after the protests,” health ministry spokesman Son Young-rae told a briefing. Union members are protesting over provisions of a bill which would ban labourers from occupying certain facilities at workplaces during strikes. The rallies have revived memories of a major COVID-19 outbreak following a political protest in August.
Persons: Kim Hong, Ji, Son Young, rae, , Chung Sye, kyun Organizations: REUTERS, Korean, of Trade Unions, , Korea Disease Control, Prevention Agency Locations: SEOUL, South Korea, Seoul, Changwon, , Korea, Union, COVID
BRASILIA/RIO DE JANEIRO (Reuters) - China’s embassy in Brazil on Tuesday said a son of President Jair Bolsonaro had harmed relations between the two countries with critical comments about telecommunications equipment firm Huawei. Congressman Eduardo Bolsonaro, the president’s son, has made statements that “darken the friendly atmosphere between the two countries and hurt the image of Brazil,” the Chinese embassy wrote on Twitter. Part of the initiative focuses on building 5G mobile phone networks that exclude equipment from China’s Huawei and ZTE. Brazil’s top carriers, meanwhile, are already testing Huawei equipment for 5G and have said they would prefer to have as many options as possible. Eduardo Bolsonaro on Monday referred in a tweet to Huawei technology as “Chinese espionage” before deleting the post.
Persons: Jair Bolsonaro, Eduardo Bolsonaro Organizations: RIO DE, Reuters, Huawei, Huawei Technologies Co, Twitter, U.S, Clean Network, 5G, Clean, Chinese Communist Party Locations: BRASILIA, RIO, RIO DE JANEIRO, Brazil, China, United States
China's embassy in Brazil on Tuesday said a son of President Jair Bolsonaro had harmed relations between the two countries with critical comments about telecommunications equipment firm Huawei. Congressman Eduardo Bolsonaro, the president's son, has made statements that "darken the friendly atmosphere between the two countries and hurt the image of Brazil," the Chinese embassy wrote on Twitter. Brazil's top carriers, meanwhile, are already testing Huawei equipment for 5G and have said they would prefer to have as many options as possible. Eduardo Bolsonaro on Monday referred in a tweet to Huawei technology as "Chinese espionage" before deleting the post. In a series of Twitter posts on Tuesday, the Chinese embassy called the comments "totally unacceptable."
Persons: Jair Bolsonaro, Eduardo Bolsonaro Organizations: Huawei, Huawei Technologies, Twitter, U.S, Clean Network, 5G, Clean, Communist Party Locations: Shanghai, China, China's, Brazil, United States
"We have been selling asset-based businesses all over the world using drones for site visits and fly-overs," Feldgoise said in a phone interview. Now, deals are being closed almost entirely on screens, using teleconferencing tools including Zoom, BlueJeans, Cisco Webex and Microsoft Teams. As a substitute for in-person site tours, drones are being used for recorded videos or live sessions. Of the several hundred transactions that Goldman has advised on during the pandemic, more than 95% were done without any face-to-face interaction, said Feldgoise. Drones are likely here to stay, he says: "We believe it will change the M&A landscape forever."
Persons: Goldman Sachs, Stephan Feldgoise, Feldgoise, Goldman Organizations: Street, Investment, Cisco Webex, Microsoft
In the wake of the November 3 US presidential election, social media was flooded with misinformation. The top 25 Facebook pages responsible for election-related misinformation were responsible for over 25% of all election-related misinformation, the study found. Election misinformation has run rampant in the wake of the November 3 United States presidential election, and the sitting president is reportedly most responsible for its spread. That's according to a new report compiled by the global human rights group Avaaz, which pointed to President Trump as the number one Facebook user who's most responsible for spreading election misinformation. Following the presidential election on November 3, results were still coming in for days.
Persons: Donald Trump Jr, vloggers, Avaaz, Trump, Dan Bongino, Mark Levin, Joe Biden, Ben Gilbert Organizations: New York Times, United, General Services Administration, Facebook, Twitter, Times
JPMorgan Chase agreed Tuesday to pay a $250 million fine after one of its U.S. regulators found a "pattern of misconduct" in its asset and wealth management division. The Office of the Comptroller of the Currency said in a release that the New York-based bank's risk management controls were "deficient" and the firm couldn't avoid "conflicts of interest" in the business. However, the bank neither admitted to or denied the accusations, and the OCC said that JPMorgan has already fixed the shortcomings that prompted the penalty. It was the second time in two months that the bank agreed to pay a massive settlement to U.S. regulators over how it conducts business. In late September, JPMorgan agreed to pay $920 million to settle investigations from three federal agencies over its role in the manipulation of global markets for metals and U.S. Treasurys.
Persons: JPMorgan Chase Organizations: JPMorgan, Currency, Bank, OCC, Treasurys, Securities and Exchange Commission Locations: New York, U.S
Federal judge Esther Salas has been motivated by the memory of her son to fight for a new state law to protect public officials after her only child was murdered by a gunman at her family's home this summer. That tragic day fueled Salas to push for "Daniel's Law," a new law signed by New Jersey Gov. The gunman, a self-described "anti-feminist lawyer" named Roy Den Hollander, was found dead with a self-inflicted gunshot wound just hours after the attack. Salas' husband survived the attack after she said her son took a bullet to the chest to protect him. Salas is now pushing to expand Daniel's Law beyond New Jersey.
Persons: Esther Salas, Salas, Mark Anderl, Daniel, Phil Murphy, Savannah Guthrie, Roy Den Hollander, Den Hollander, Regrettably, Mark, " Salas Organizations: New Jersey Gov, NBC, Facebook, Twitter Locations: New Jersey, Daniel's
FILE PHOTO: The General Electric Co. logo is seen on the company's corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. REUTERS/Alwyn ScottWASHINGTON (Reuters) - General Electric Co. and a Vietnamese company on Saturday signed a memorandum of understanding to develop a liquified natural gas power plant, according to GE and a senior Trump administration official. GE said the Long Son LNG facility in Ba Ria-Vung Province would provide 3,600-4,500 megawatts of power to the country. Pacific Corp., Vietnam’s Power Engineering Consulting Joint Stock Company 2 and TTC Group, and Mitsubishi’s Corp.’s local subsidiary, also will participate in the project, GE said. O’Brien was scheduled to meet government officials and speak to students during his visit.
Persons: Alwyn Scott WASHINGTON, Robert O’Brien, Donald Trump’s, Vietnam’s EVNGenco3, O’Brien, Michael Nguyen Organizations: General, Co, REUTERS, General Electric Co, Saturday, GE, Trump, . Pacific Corp, Power Engineering, Company, TTC Group, Mitsubishi’s Corp Locations: Boston , Massachusetts, U.S, Vietnamese, Hanoi, Vietnam, Massachusetts, Ho Chi Minh City, Son, Ba Ria, Vung Province
Andrew Giuliani, a White House aide and son of Rudy Giuliani, said on Friday he tested positive for COVID-19 and his experiencing "mild symptoms." Rudy Giuliani's son, Andrew, announced he tested positive for the coronavirus a day after attending his father's press conference, in which Trump's personal attorney was seen sweating profusely. During the briefing, Rudy Giuliani sweated profusely, causing his hair dye to run down his face. In the last few days, three lower-level White House aides have tested positive for coronavirus, NBC reported on Friday. Business Insider reached out to Rudy Giuliani but did not hear back in time for publication.
Persons: Andrew Giuliani, Rudy Giuliani, Giuliani, Trump, Rudy Giuliani's, Andrew, Rudy Giuliani sweated, Drew Angerer, Jenna Ellis, Ellis, Donald Trump Jr Organizations: Twitter, Republican National Committee, White House, Trump, New, Newsweek, White, NBC, Trump Jr, Business Locations: Washington ,, New York
DEDHAM, Mass.—The first sound Michael Taylor typically hears each morning is a loud buzz as his cell door is unlocked at 6 a.m. The former Green Beret joins other orange-clad inmates for a modest breakfast, and is allowed to exercise for a short period in a concrete yard. Fears of a coronavirus outbreak have led to restrictions on family visits.
Persons: , Michael Taylor Organizations: Green Beret Locations: DEDHAM, Mass
Arabov said he was involved in getting Elite Daily off the ground in its first year and then left. Within the general sphere of education, Arabov said the company has been focused on supporting what he calls "distributive education" — online courses, training classes, and coding boot camps — all of which bypasses the traditional model of four-year schooling. Aside from the future of education, Arabov is also betting on a big future for himself. His brother, David, left Elite Daily in 2016 and went on to cofound the mobile phone company, Wing. His father, Jacob, is still one of the best-known jewelers in New York City.
Persons: Benjamin Arabov, Jacob Arabo, Jacob, Biggie, Jay Z, Arabov, Paris Hilton, Pharrell, Rudy Giuliani, Arabo, what's, we're, David Arabov, Benjamin Arabov Five, Slick Rick, Jay, Diddy, Foxy Brown, Harry Winston, Jennifer Lopez, Beyoncé, Busta, Aaron Davidson, Benjamin Arabov Arabov, David Organizations: Business, Daily Mail, Google, The New York Times, Education, Daily, Tinuiti, Pace University, Research, HubSpot Academy, LA Film School, Perdue University Locations: Sierra Leone, Uzbekistan, New, New York City
Andrew Giuliani attends the Golf Channel's "Big Break Dominican Republic" screening at Le Cirque on September 27, 2010 in New York City. Andrew Giuliani, a special assistant to President Donald Trump and the son of Trump campaign lawyer Rudy Giuliani, said he tested positive for coronavirus Friday, a day after attending a crowded press conference where his father and other campaign attorneys did not wear masks. His Twitter profile says he is "Currently serving the American public as Special Assistant to President Donald J. Trump until January 20, 2025." The Trump campaign and allies have so far failed to convince any judges of such fraud in multiple court actions. Rudy Giuliani, who is the personal lawyer for President Donald Trump, did not immediately respond to a request for comment.
Persons: Andrew Giuliani, Donald Trump, Trump, Rudy Giuliani, Andrew, Donald J, Joe Biden, Melania Trump, Barron, Kayleigh McEnany, Bill Stepien, CNBC's Kevin Breuninger Organizations: White, NBC News, New, New York City, Republican National Committee Locations: Dominican Republic, New York City, New York, Washington ,
Rudy Giuliani's son Andrew, a White House staffer, tests positive
  + stars: | 2020-11-20 | by ( Nbc News | ) + 0.00   time to read: +9 min
SEE NEW POSTSRudy Giuliani's son Andrew, a White House staffer, tests positive Rudy Giuliani's 34-year-old son, Andrew, said Friday, that he tested positive for Covid-19. José Luis Alomía Zegarra, Mexico’s director of epidemiology, announced late Thursday that Mexico had 100,104 confirmed COVID-19 deaths, behind only the United States, Brazil and India. One million new cases of Covid-19 were reported in the United States during that seven day period. The 8,461 deaths reported during the seven-day period is the highest weekly death count since May, they said. The EUA Pfizer seeks, Gottleib said, would allow distribution of the vaccine candidate prior to its full clinical approval.
Persons: Rudy Giuliani's, Andrew, Andrew Giuliani, José Luis Alomía Zegarra, Bill de Blasio, I've, , Ana Urbina, , Urbina, Pelosi, Nancy Pelosi, Mitch McConnell, Scott Gottleib, Joe, Gottleib, wouldn’t Organizations: White House, Republican National Committee, Trump, Toronto Raptors, NBA, Tampa TORONTO —, Canadian, Raptors, Blue Jays, MEXICO CITY, WNYC, WABC, National Center for Health Statistics, Census, FDA, Pfizer Locations: Trump's White, Tampa, Toronto, Tampa , Florida, Canada, U.S, Mexico, MEXICO, United States, Brazil, India, New York City, Miami, Ky
Brex reached unicorn status in 2018 months after launching its first product, a corporate charge card for start-ups. That has benefited Brex and other fintech firms offering small businesses the most modern experiences, companies Dubugras referred to as "frenemies": Payments firm Square and e-commerce platform Shopify. If Brex customers had losses beyond a certain threshold, the banks could've yanked the credit lines, which would've been a disaster. "We assume that 70% of our businesses are going to go out of business every couple of years, because we serve start-ups and most start-ups fail," he said. By June, Brex was again growing briskly, Dubugras said, and the company restored many of its customers' credit lines.
Persons: Henrique Dubugras, David Paul Morris, somethings, Brex, R.I.P, That's, Dubugras, We've, Pedro Franceschi, Franceschi, would've Organizations: Brex Inc, Bloomberg, Getty, Brex, Sequoia Capital, Federal Reserve, Investments, Amazon Web Services, Ebay, eBay, Facebook, Franceschi, Stanford University, American, Barclays, Credit Suisse Locations: San Francisco , California, U.S, Stanford, Silicon, San Francisco, Los Angeles, Silicon Valley, Brazil, Sao Paulo, Rio de Janeiro
Such praise, while well-intentioned, inadvertently glosses over just how trailblazing "The Fresh Prince" really was, a reality emphasized in HBO Max's highly enjoyable reunion special this week. But in fact, when "The Fresh Prince" first aired, there was no "Living Single" starring Queen Latifah or "In The House" starring LL Cool J. So such praise, while well-intentioned, inadvertently glosses over just how trailblazing "The Fresh Prince" really was, a reality emphasized in HBO Max's highly enjoyable reunion special this week. Yet the "Fresh Prince" cast relays it with little acrimony. Thirty years later, however, "The Fresh Prince" has done more than maintain its flavor.
Persons: Bel, Queen Latifah, LL Cool, Martin, didn't, Peacock, Sanford, Son, , Will Smith, DJ Jazzy Jeff, Alfonso Ribeiro, Michael Jackson, Tatyana Ali, Karyn Parsons, Joseph Marcell, Daphne Maxwell Reid, Ashley, Hillary, Geoffrey, Viv, James Avery, Uncle Phil, Ribeiro, Smith, Ali, Avery, Janet Hubert, Smith's, Miles Beller Organizations: New York Times, HBO, ABC, CBS, NBC, West Philadelphia, Air, HBO Max, Michael Jackson Pepsi, Jazz, Carlton, Americans, Hollywood Locations: West, Bel, Hollywood
LOS ANGELES — Bobby Brown Jr., the son of the R&B artist and producer, was found dead at a home Wednesday, according to Los Angeles police. TMZ first reported Bobby Brown Jr.'s death, citing a person described as a source close to the family. Brown Jr. was the son of Bobby Brown and Kim Ward. The elder Bobby Brown lost daughter Bobbi Kristina Brown in 2015 when she was 22. The elder Bobby Brown is known for hits including "My Prerogative" and "Every Little Step."
Persons: Bobby Brown Jr, Brown Jr, Brown, Bobby Brown, Kim Ward, Bobbi Kristina Brown, Whitney Houston, Nick Szatmari Organizations: Los Angeles police, Los, TMZ, Authorities, Universal Attractions Agency Locations: Los Angeles, Encino, Los Angeles County, Houston, Beverly Hills , California
Bobby Brown Jr., the son of singer Bobby Brown, dies at 28
  + stars: | 2020-11-19 | by ( Madeline Holcombe | ) sentiment -0.99   time to read: 1 min
(CNN) Bobby Brown Jr., the son of singer Bobby Brown, was found dead in his Los Angeles home on Wednesday, authorities confirmed to CNN. Brown Jr., the half brother of Bobbi Kristina Brown who died in 2015, was 28. Officers with the Los Angeles Police Department responded to a call for a medical emergency on Wednesday around 1:50 p.m., spokesman Jeff Lee confirmed to CNN. Brown Jr. was pronounced deceased at the scene. In a statement to CNN, Nick Szatmari, the agent for Brown senior, said he had "no comment" regarding the death.
Persons: Bobby Brown Jr, Bobby Brown, Brown Jr, Bobbi Kristina Brown, Jeff Lee, Brown, Lee, Nick Szatmari, Read Organizations: CNN, Los Angeles Police Department Locations: Los Angeles
Tiger Woods and son Charlie will team up in the PNC Championship
  + stars: | 2020-11-19 | by ( Matias Grez | ) + 1.00   time to read: 1 min
(CNN) Tiger Woods and son Charlie will play together in next month's PNC Championship, according to the PGA Tour. The PNC Championship, formerly known as the Father/Son Challenge, sees some of the top PGA and LPGA Tour players team up with a family member. Woods, a 15-time major winner, will be competing at the event for the first time. Charlie, 11, is an accomplished junior player and a video of his impressive swing went viral earlier this year. Woods has caddied for his son on a number of occasions.
Persons: Tiger Woods, Charlie, Woods, Read Organizations: CNN, PNC, PGA Tour, PGA
Megyn Kelly said that she pulled her sons out of their NYC school after the school circulated a letter about racism. Kelly said that the school had "gone off the deep end" by asking faculty to read the letter, entitled "If You Really Want to Make a Difference in Black Lives, Change How You Teach White Kids." Nahliah Webber, the executive director of the Orleans Public Education Network, published the letter in June, and it's been widely circulated since. Kelly said that schools, including the one her sons attended, have "gone around the bend...gone off the deep end." Kelly asked: "Which boy in my kids' school is the future killer cop?
Persons: Megyn Kelly, Kelly, Nahliah Webber, it's, George Floyd Organizations: Fox News, NBC News, Former Fox News, NBC, Side New York, Orleans Public Education Network Locations: Side New York City, Orleans
SoftBank CEO Masayoshi Son said he "doesn't understand" bitcoin, even after he invested $200 million in the past. Son still believes that digital currency will be useful, but said he will focus his efforts elsewhere. After investing the money, Son said he would spend about five minutes each day looking at bitcoin prices fluctuate. While Son is glad to be done with bitcoin, he doesn't think bitcoin and other digital currency are going away anytime soon, but he will place his focus on other projects. "But I don't know what digital currency, what structure, and so on."
Persons: Masayoshi Son, Son, Andrew Ross Sorkin, bitcoin, Bitcoin, Joe Biden, Gary Gensler, Gensler Organizations: Visit, The New York Times, Wall, Tesla, Deutsche Bank, PayPal Locations: ., bitcoin
Asia-Pacific markets set to be subdued as investor caution prevails
  + stars: | 2020-11-18 | by ( Weizhen Tan | ) sentiment -0.99   time to read: 1 min
SINGAPORE — Asia-Pacific markets were set to be subdued in Wednesday trade, as investor caution prevailed with coronavirus cases continuing to surge despite vaccine hopes. In Japan, futures pointed to a lower open, as compared to the Nikkei 225's last close. The country is due to report its trade data for October in the morning. Investors will watch SoftBank shares after CEO Masayoshi Son said he aggressively sold assets this year to prepare for a "worst case scenario" in which the world shuts down in a second wave of coronavirus outbreaks. Over in Australia, the S&P/ASX 200 edged up 0.30%.
Persons: Masayoshi Son Organizations: Nikkei Locations: SINGAPORE — Asia, Pacific, Japan, Australia
Hong Kong (CNN Business) Japanese billionaire Masayoshi Son says the Covid-19 pandemic will continue to wreak havoc on companies in the short term, and that he is stockpiling cash to prepare for a "worst-case scenario." While effective vaccines and Covid-19 treatments could soon be coming, the SoftBank CEO said he is pessimistic about second and third wave outbreaks currently playing out around the world. "In the next two [to] three months, any disaster could happen," Son said on Tuesday, speaking from Tokyo at The New York Times' Dealbook Conference held online this year. "It's the first time in our history to liquidate many of the assets as quickly as possible," he said.
Persons: Masayoshi Son, Son, Read Organizations: CNN Business, The New York Times, Dealbook Conference Locations: Hong Kong, Tokyo
Dolly Parton, Covid-19 vaccine investor. The back story: She donated $1 million to Vanderbilt, and that helped pay for early research into the treatment. Now try singing “Vaccine” to the tune of “Jolene.”ImageDay 1 at the summitThe speakers had plenty of newsworthy things to say on the first day of our inaugural Online Summit. “We’ve got to get out of this together.”Dr. Fauci suggested that with effective vaccines seemingly around the corner, health measures should be bolstered, not relaxed. Things are now looking up, he said, especially with the prospect of effective vaccines.
Persons: Judy Shelton’s, Trump’s, Dolly Parton, Covid, “ Jolene, , , , Anthony Fauci, “ I’m, “ We’ve, ” Dr, Fauci, , Son, Adam Neumann, ” ‘, Albert Bourla Organizations: Vanderbilt, Summit, Pfizer, Trump
JPMorgan Chase CEO Jamie Dimon criticized lawmakers for a months-long deadlock over a second round of coronavirus relief to help unemployed Americans and struggling businesses as the pandemic deepens. Is it $2.2 trillion, $1.5 trillion?" Dimon said Wednesday, referring to competing visions for a relief bill from Democrats and Republicans, at the New York Times' Dealbook conference. This is childish behavior on the part of our politicians." Congress has so far failed to pass a second relief bill after key parts of the first law, the CARES Act, expired in July.
Persons: Jamie Dimon, Dimon, Andrew Ross Sorkin, haven't Organizations: JPMorgan, Republicans, New York Times
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