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☆ Trump claims he faced 'unacceptable intrusion' over FBI Mar-a-Lago raid in notice to sue the DOJ for $100 million
▼ + stars: | 2024-08-12 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump is planning to sue the Department of Justice for $100 million in damages over the FBI's August 2022 raid on his Mar-a-Lago estate in Florida. This story is available exclusively to Business Insider subscribers. Advertisement"President Trump had a clear expectation of privacy at Mar-a-Lago, his and his family's personal residence," the memo reads. The DOJ declined to comment on the notice of claim to Business Insider. Advertisement"This malicious prosecution led President Trump to spend tens of millions of dollars defending the case and his reputation," the memo reads.

Persons: —, Donald Trump, Daniel Epstein, Trump's, Trump, Jack Smith, General Merrick Garland, Aileen Cannon —, Trump —, Department's, Smith, Cannon, Garland, Christopher Wray's, Steven Cheung, Kamala Harris, Joe Biden's, Cheung Organizations: Service, of Justice, DOJ, FBI, Business, Mar, Trump, Republican, weaponized Department of Justice, Democrat Witch Hunts Locations: Lago, Florida, Mar

☆ A crypto data leak led the FBI to America's most wanted sex trafficking fugitive. Now, the victims want his bitcoins.
▼ + stars: | 2024-08-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +16 min

Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.

Persons: —, Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim

☆ DNA leads police to arrest of mother in 1987 California baby death
▼ + stars: | 2024-08-11 | by ( Melissa Alonso | Steve Almasy | ) edition.cnn.com time to read: +2 min

CNN —Cold case investigators have arrested a 55-year-old woman in North Carolina in connection with the death of a newborn girl found in a California dumpster 37 years ago, according to the Riverside Police Department. Through DNA testing, detectives identified the baby’s mother as Melissa Jean Allen Avila, police said in a Thursday news release. In 2020, the department’s new homicide cold case unit reopened the case. “Othram assisted with investigators’ reference testing efforts using (a method of testing that) allows investigators to infer kinship in closely and distantly related individuals,” the company said. “Thanks to the persistent efforts of our investigators and partners, this victim now has an identity, bringing resolution to the case,” Riverside Police Chief Larry Gonzalez said.

Persons: Melissa Jean Allen Avila, Avila, Othram, ” Melissa Jean Allen Avila, “ Othram, Charlotte . Avila, Larry Gonzalez, “, ” Avila’s Organizations: CNN, Riverside Police Department, Avila, City News Service, Attorney’s, Police, ” Melissa Jean Allen Avila Riverside Police Department, ” Riverside Police Locations: North Carolina, California, Riverside County, Riverside, recyclables, Shelby , North Carolina, Charlotte

☆ 'These are not normal;' A new type of dealmaking for AI startups is rattling Silicon Valley
▼ + stars: | 2024-08-10 | by ( Ben Bergman | Sri Muppidi | ) www.businessinsider.com time to read: +7 min

Google unnerved Silicon Valley last week when it agreed to pay $2.5 billion to license Character.AI's technology, hire its two superstar cofounders and 20 percent of employees. The deal came after AI developers Adept and Inflection both effectively sold themselves to Amazon and Microsoft, respectively, in recent months. It was only last year Character.AI raised $150 million in venture funding, which valued the company at $850 million. Its appeal as a chatbot that uses AI to make virtual characters that interact with users seems decidedly niche. Related storiesMost of the founders and investors Business Insider spoke to for this story say Google has little interest in Character.AI's actual product.

Persons: cofounders, Brent Queener, Kyle Sanford, Character.AI, Iris Sun, Noam Shazeer, Daniel De Freitas, Jack Selby, Peter Thiel's, Steve Brotman, Shazeer, De Freitas, PitchBook's Sanford, they're, Roy Bahat, Arvind Jain, Cameron Lester, Lester Organizations: Service, Microsoft, Bonfire Ventures, Business, Apple, Big Tech, AZ, Biden Administration, Federal Trade Commission, Department of Justice, Alpha Partners, FTC, DOJ, New York Times, Google, Madrona Venture, Bloomberg Beta, Jefferies

With the national spotlight on Ferguson, residents renewed their calls for improvements, but none of those cries have wrought substantial change in the 10 years since, they say. Few people understand this urgency, and frustration, more than Michael Brown Sr. Michael Brown Sr., father of Michael Brown Jr., says the death of his son forced him to "grow up." Michael B. Thomas for NBC NewsAlmost everywhere in Ferguson are reminders of his 18-year-old child — on billboards, in businesses, on T-shirts. Michael B. Thomas for NBC NewsBut most of those who spoke to NBC News said progress in Ferguson has been frustratingly slow.

Persons: Brown, Darren Wilson, Wilson, Wesley Bell, Michael Brown Sr, ”, Michael Brown Jr, “, Michael B, Thomas, Ferguson, Michael, that’s, Mike Brown, Justin Idleburg Organizations: U.S . Department of Justice, NBC, National Urban League, Urban League Community Development Center, NBC News, Boys, Girls Club Locations: Louis County, Ferguson, There’s, Coldwater, West

☆ Prosecutors say Romanian businessman hired Hunter Biden to seek U.S. policy influence
▼ + stars: | 2024-08-08 | by ( ) www.cnbc.com time to read: +1 min

Hunter Biden, son of President Joe Biden, makes a statement to the press outside the U.S. Capitol about testifying publicly to the House Oversight and Accountability Committee on Wednesday, Dec. 13, 2023. Prosecutors in the U.S. criminal tax case against Hunter Biden accused him of accepting payments from a Romanian businessman who sought to "influence U.S. government agencies" in connection with a criminal probe in Romania. ABC said the claim stems from Hunter Biden's work for Gabriel Popoviciu, a wealthy Romanian identified as "G.P." in the filing, and who prosecutors say hired Hunter Biden for legal work in late 2015 when Joe Biden was U.S. vice president. Lawyers for Hunter Biden did not immediately respond to requests for comment.

Persons: Hunter Biden, Joe Biden, Joe Biden's, Hunter Biden's, Gabriel Popoviciu, Popoviciu Organizations: U.S, Capitol, Prosecutors, U.S . Department of Justice, ABC, Reuters Locations: U.S, Romanian, Romania, Los Angeles

☆ Attorneys say Austin violated military rules in halting deal for alleged 9/11 conspirators
▼ + stars: | 2024-08-07 | by ( Haley Britzky | ) edition.cnn.com time to read: +8 min

Wednesday’s pretrial hearing, which has been scheduled for months, followed a whiplash decision by Austin to revoke a plea deal that had been announced just two days prior last week. “What he did was illegal,” Eugene Fidell, who teaches military justice at Yale University and co-founded the National Institute of Military Justice, told CNN. But Sowards argued Wednesday that by revoking the deal, Austin was actually doing more harm to the families. While the terms of the pretrial agreement had not been released publicly, among them was the assurance that the detainees would answer questions by 9/11 victim family members. Sowards said family members had already “been submitting questions in good faith,” and expecting answers in return as part of the deal.

Persons: Lloyd Austin, ”, ” Walter Ruiz, Mustafa Ahmed Adam al Hawsawi, Austin, Susan Escallier, Khalid Shaikh Mohammad, Walid Muhammad Salih Mubarak Bin ‘ Attash, Ruiz, “, ” Austin, ” Eugene Fidell, Gary Sowards, Mohammad, ” Sowards, Clayton Trivett, ’ ”, Austin “, Antony Blinken, “ I’m, Sowards, Wells Dixon, Majid Khan, Khan, Dixon, ” Dixon, Eugene Fidell’s Organizations: CNN —, Defense, Guantanamo, Pentagon, White, White House, Yale University, National Institute of Military, CNN, Military Commissions, Austin, Military, Australian, American, ”, Center for Constitutional Rights Locations: Guantanamo, Austin, Belize

☆ CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound
▼ + stars: | 2024-08-06 | by ( Abid Ali | Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow plummeted over 1,000 points, while the S&P 500 and Nasdaq Composite fell 3% and 3.4%, respectively. Wharton finance professor Jeremy Siegel urged the Federal Reserve to make an emergency 75-basis-point cut in the federal funds rate following Friday's disappointing jobs data. Siegel believes the current fed funds rate "should be somewhere between 3.5% and 4%," citing the higher-than-expected unemployment rate and declining inflation as reasons for the cuts. "How much have we moved the fed funds rate?

Persons: Berkshire Hathaway, Amit Mehta, Wharton, Jeremy Siegel, Siegel, Austan Goolsbee, Goolsbee, CNBC's, Korea's Kospi, Richard Kaye Organizations: CNBC, Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Tesla, Berkshire, Google, Department of Justice, Federal Reserve, Chicago Federal, Nikkei, Honda, Renesas Electronics, CSI Locations: U.S, Asia, Pacific

☆ The dark side of the 2024 Paris Olympics
▼ + stars: | 2024-08-06 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +11 min

Read previewAs the 2024 Olympics Games plays out in Paris, some nonprofits are warning of a dark reality looming over the sporting event. Wijeyakumar said Rahab's Daughters had distributed pamphlets ahead of the Paris Olympics at a local refugee camp. Rahab's Daughters has identified labor and sex trafficking occurring mainly within the manufacturing, construction, retail, and hospitality industries in Paris. The US National Human Trafficking Hotline explains on its website, however, that human trafficking is "notoriously underreported." These figures are based on interviews with survivors, reports Rahab's Daughters has received, and data it has collected from online ads.

Persons: —, Sam Wijeyakumar, Rahab's, Wijeyakumar, Lauren Hersh, hadn't, Hersh, William Pinzón, Reyes, Jonathan Machler, Airbnb, Mark Godin Organizations: Service, Paris Games, Business, Volunteers, BI, Olympic, Paris, Labor, US Department of State, State Department, Olympics, National Institute of Justice, US Department of Justice, Coalition, CAP, Paris Olympics Locations: Paris, US, Poland, Germany, France, London

☆ Trump possible target of Pakistani national charged in murder-for-hire plot
▼ + stars: | 2024-08-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Federal prosecutors have charged Asif Merchant, a Pakistani national with alleged ties to Iran, in a murder for hire plot of a U.S. politician or government officials. A Pakistani national with ties to Iran was charged in a foiled plot to assassinate U.S. government officials on American soil, the Department of Justice said Tuesday. Merchant unwittingly coordinated with a confidential law enforcement source, who put him in touch with two more undercover agents purporting to be hitmen, the DOJ said. Law enforcement officials do not believe the alleged plot by Merchant is related to the assassination attempt against Trump at the rally in Pennsylvania, NBC reported. Trump's Secret Service protection was increased prior to that rally, after U.S. officials learned of an Iranian plot to kill Trump, NBC reported in mid-July.

Persons: Asif Merchant, Donald Trump, NBC News . Merchant, Trump, Merchant Organizations: U.S, Department of Justice, NBC News ., DOJ, Republican, Trump, NBC Locations: Iran, U.S, Texas, Pennsylvania, Iranian, Iraq

☆ CNBC Daily Open: Dow sheds 1,000 points
▼ + stars: | 2024-08-06 | by ( Abid Ali | Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street sinksThe Dow Jones Industrial Average and the S&P 500 suffered their sharpest declines in nearly two years, as growing concerns about the U.S. economy rocked global stock markets. The Dow plummeted over 1,000 points, while the S&P 500 and Nasdaq Composite fell 3% and 3.4%, respectively. Wharton finance professor Jeremy Siegel urged the Federal Reserve to make an emergency 75-basis-point cut in the federal funds rate following Friday's disappointing jobs data. [PRO] Don't panicDespite a global stock market rout, several investors and strategists advised against panicking at this point.

Persons: Berkshire Hathaway, Amit Mehta, Wharton, Jeremy Siegel, Siegel, Austan Goolsbee, Goolsbee, CNBC's, cryptocurrencies, Bitcoin, bitcoin, Nexo, Antoni Trenchev, panicking Organizations: CNBC, Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Tesla, Berkshire, Google, Department of Justice, Federal Reserve, Chicago Federal, bitcoin Locations: U.S

A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government, filed in 2020, alleged that Google has kept its share of the general search market by creating strong barriers to entry and a feedback loop that sustained its dominance. General search services, according to the court, applies to Google’s core search engine, where it traditionally competed with Yahoo. General search text advertising refers to the text ads that run alongside search results. However, the ruling found that general search advertising is not a market so there can be no monopoly control.

Persons: Sherman, Amit Mehta, Sundar Pichai, Boris Streubel, General Merrick Garland, ”, ” Garland, Kent Walker, ” Walker Organizations: Google, U.S, District of Columbia, DFB The Department of Justice, Colorado and, Department, Yahoo Locations: U.S, Colorado, Colorado and Nebraska

Two special prosecutors said Monday they will file a criminal obstruction of justice charge against a former Kansas police chief who directed warrant searches of a publisher and his newsroom over its retrieval of public information. As of Monday, prosecutors hadn't filed any criminal charges against former Marion Police Chief Gideon Cody. It was not immediately clear if they would be seeking a felony or misdemeanor charge against Cody. The special prosecutors are working with the Colorado Bureau of Investigation, which stepped in at the request of the Kansas Bureau of Investigation. “The findings will be incorporated into charges which will be sought in Marion County District Court,” the report said.

Persons: Marc Bennett, Riley, Barry Wilkerson, hadn't, Gideon Cody, Cody, Marion Mayor David Mayfield, Eric Meyer, Ruth Herbel, Meyer, Phyllis Zorn, Kari Newell, Newell, Zorn, Herbel, Bennett, Wilkerson, Meyer’s, Joan Meyer Organizations: Marion County, Marion Police, Colorado Bureau of Investigation, Kansas Bureau of Investigation, Court, NBC News, Kansas City, Marion Police Department, City Locations: Kansas, Sedgwick County, Riley County, Marion, Marion County

☆ U.S. fugitive 'The Devil' caught in Mexico working as police officer 20 years after Ohio killing
▼ + stars: | 2024-08-05 | by ( Mike Gagliardi | Mike Gagliardi Is A Researcher With The Nbc News Network Desk. | ) www.nbcnews.com time to read: +1 min

“The Devil,” a U.S. fugitive who was featured on “America’s Most Wanted,” has been captured in Mexico, the United States Marshals Service said. Antonio Riano, 62, was arrested Thursday in his hometown of Zapotitlan Palmas, State of Oaxaca, Mexico, officials said, where he was found to be working an ironic job. “When Riano was arrested in Mexico he was found to be working as a local police officer,” the agency said in a press release on Thursday. Afterwards, he fled the United States allegedly to avoid prosecution. After being captured, Riano was flown from Mexico City to Cincinnati, then transported to the Butler County Jail.

Persons: ”, Antonio Riano, Riano, Benjamin Becarra, WLWT, ” Michael T, Gmoser Organizations: United States Marshals Service, Roundhouse, Hamilton , Ohio . Police, U.S, Marshals, U.S . Department of Justice’s, International Affairs, Prosecutor’s, United States Marshal Service, United States Department of Justice Locations: U.S, Mexico, Zapotitlan Palmas, State, Oaxaca, Butler, Hamilton , Ohio, United States, Mexico City, Cincinnati, Butler County

☆ Tulsa commission will study reparations for 1921 race massacre victims and descendants
▼ + stars: | 2024-08-05 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Officials in Tulsa, Oklahoma, announced the creation of a new commission to recommend how reparations can be made for a 1921 massacre that destroyed a thriving Black community in the city. Both reports called for financial reparations, which Tulsa Mayor G.T. The program would be for survivors of the massacre as well as descendants of victims and other residents of north Tulsa, where the massacre occurred. She praised Bynum for establishing the commission and said reparations can include all items listed, though she strongly supports financial payments. In June, the Oklahoma Supreme Court dismissed a lawsuit by the last two known massacre survivors, Viola Fletcher, 110, and Lessie Benningfield Randle, 109, that sought restitution for the destruction.

Persons: Tulsa Mayor G.T, Bynum, Commission’s, ” Bynum, Vanessa Hall, Harper, ”, Monroe Nichols, “ We’ve, Nichols, Viola Fletcher, Lessie Benningfield Randle, Emmett Organizations: District, Tulsa Mayor, National Guard, Oklahoma Legislative Black Caucus, Tulsa, Oklahoma Supreme, U.S . Department of Justice, NBC Locations: Tulsa , Oklahoma, Tulsa, Greenwood, Oklahoma

☆ Google loses DOJ antitrust lawsuit over search
▼ + stars: | 2024-08-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle loses DOJ antitrust lawsuit over searchCNBC's Deirdre Bosa joins 'Power Lunch' to discuss Google losing its legal battle with the Department of Justice.

Persons: Deirdre Bosa Organizations: Google, Department of Justice

☆ Nvidia is on an acquisition spree even as regulatory scrutiny heats up and AI M&A cools
▼ + stars: | 2024-08-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

According to public announcements, the firm has made four acquisition deals so far in 2024, exactly even with Nvidia's 2020 deal total. Nvidia declined to discuss its acquisition strategy for this report, citing a quiet period before it announces earnings on August 28. In May, Nvidia agreed to acquire Deci AI, another Israeli startup that makes tools for developers to build AI models, for $300 million. In July Nvidia competitor AMD announced an agreement to acquire Silo AI, a Finnish AI startup, for $655 million. And this quiet trickle of deals in various forms is unlikely to stop since the market for AI talent is so tight.

Persons: —, Nader Khalil, Colette Kress, Kress, it's, OpenAI, Paul Baier, GAI, Baier, Umesh Pavdal, Thomvest Organizations: Service, Nvidia, Microsoft, Department of Justice, Federal Trade Commission, Business, ARM, Softbank, Politico, Shoreline, LinkedIn, Citi Global, DOJ, FTC, Amazon, AMD, Silo Locations: Israeli, California, San Francisco, Finnish

☆ Judge orders DOJ to return helmet, spear to 'QAnon Shaman' Jacob Chansley
▼ + stars: | 2024-08-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

"QAnon Shaman" Jacob Chansley will regain possession of the makeshift spear and horned helmet that he carried as he stormed the U.S. Capitol during the Jan. 6, 2021, riot with other Trump supporters, a federal judge ruled Monday. "Since the government has not established that it still needs these items as evidence and has not sought their forfeiture, the Court will GRANT Mr. Chansley's motion," Lamberth wrote. The DOJ last month said it wanted to hold on to Chansley's property, because despite having expressed remorse at his criminal sentencing, he has since challenged his conviction and sentence. "Even if the government may need to reprove Mr. Chansley's guilt, the government has not explained why it would need his property," the judge wrote in Monday's order. "He was like thousands of others that day," Lamberth wrote in Monday's order.

Persons: Jacob Chansley, Royce Lamberth, GRANT Mr, Lamberth, District of Columbia Matthew Graves, Chansley's, Chansley, Joe Biden, Donald Trump, Trump, Mike Pence Organizations: U.S, Senate, U.S . Capitol, Capitol, Trump, Justice, Washington , D.C, DOJ, Attorney, District of Columbia Locations: Washington ,, United States, American

☆ There's a $30 billion reason the Google antitrust ruling will have the search giant very worried right now
▼ + stars: | 2024-08-05 | by ( Hugh Langley | ) www.businessinsider.com time to read: +1 min

Google projected it could lose $30 billion if it lost its default spot on Apple devices. A federal judge ruled that Google's agreements with Apple and others "have anticompetitive effects." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle's agreements with Apple and other companies to be their default search engine have violated antitrust law, a federal judge ruled on Monday.

Persons: —, Amit P, Mehta Organizations: Google, Apple, Service, Samsung, Business

☆ Violent, far-right riots overran some UK cities this weekend. What happened, and what comes next?
▼ + stars: | 2024-08-05 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

London CNN —Far-right riots swept Britain over the weekend, with outbreaks of anti-immigrant violence in a number of cities and towns, leaving the new UK government scrambling to control the worst disorder in more than a decade. Throughout Friday, Saturday and Sunday, violent protesters congregated in city and town centers across the UK, many of them apparently intent on clashing with police and causing havoc. The gatherings ostensibly started as anti-immigration marches, organized on social media platforms like X and on WhatsApp and Telegram groups. Violence also took place in Sunderland, Middlesbrough, Stoke-on-Trent and several more cities, mostly across the Midlands and north of England. The man in charge of bringing those offenders to justice was Keir Starmer, then Britain’s Director of Public Prosecutions.

Persons: Keir Starmer, –, ”, Constable Lindsey Butterfield, Owen Humphreys, we’ve, ” Starmer, Christopher Furlong, Nigel Farage, Priti Patel, Diane Abbott, Britain’s, Elon, Tommy Robinson, Joe Mulhall, Robinson, Peter Powell, Musk, “, Starmer, underfunding Organizations: London CNN, Labour Party, Protesters, Rotherham, South Yorkshire Police, Middlesbrough, Stoke, Trent, Office, National Police Chiefs ’ Council, “, Downing, Police, . Police, Reform, Conservative Party, Farage, Conservative, CNN, Getty, Public Prosecutions, British Ministry of Justice, State, Justice, PA Media Locations: Britain, Southport, England, WhatsApp, Rotherham, Tamworth, Midlands, Middlesbrough, Sunderland, United Kingdom, Manchester, AFP, ”, British, London, gridlock, Wales, Afghanistan

☆ An inside look at the Supreme Court and 3 key justices
▼ + stars: | 2024-08-03 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —The US Supreme Court holds immense power over Americans’ lives but is incredibly tight-lipped about how it reaches decisions. Do they care about the perception that the Supreme Court is out of step with the country? How do you think that proposal is going over at the Supreme Court? WOLF: If Trump wins, do you expect any justices would retire? BISKUPIC: If Trump wins, the leading candidates for retirement would be Justices Clarence Thomas (age 76) and Alito (age 74).

Persons: ’, Joe Biden, Joan Biskupic, You’ve, Amy Coney Barrett, Samuel Alito, John Roberts, I’m, Barrett, Alito, WOLF, SCOTUS, Justice Barrett, Trump, Roberts, Donald Trump, Trumpism, Biden, Kamala Harris, Clarence Thomas, Harris, Sonia Sotomayor, Ruth Bader Ginsburg, Antonin Scalia, Ginsburg, Scalia, They’re Organizations: CNN, Supreme, Trump Locations: Idaho, Trump

☆ Intel shares plunge 28%, dragging down global chip stocks
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | Arjun Kharpal Is A Senior Correspondent For Cnbc In London. | ) www.nbcnews.com time to read: +2 min

Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on some of the biggest names in the tech sector. A number of major U.S. chip names also dropped on Friday in U.S. premarket trade, with Nvidia trading around 4% lower. The DOJ is looking at complaints that the chip giant allegedly abused its market dominance in artificial intelligence chips, The Information reported. Adding to the pressure on chip stocks is a global equity sell-off that began in the U.S. and has fed its way through to Asia and Europe. The VanEck Semiconductor ETF, which includes major names in the sector, closed roughly 6.5% lower in the U.S. on Thursday.

Persons: ”, prem Organizations: Intel, Nvidia, U.S . Department of, DOJ, NVIDIA, CNBC, Taiwan Semiconductor Manufacturing, Samsung, SK Hynix, midafternoon, Infineon, AMD, Qualcomm, Nasdaq, VanEck Semiconductor Locations: U.S, Asia, Taiwan, South Korea, TSMC, Europe, Netherlands

☆ U.S. recognizes opposition candidate González as winner of Venezuela’s presidential election
▼ + stars: | 2024-08-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +8 min

Opposition leader Maria Corina Machado, center left, and Opposition presidential candidate Edmundo González, center right, greet supporters at a protest against the result of the presidential election in Caracas, Venezuela, on Tuesday. On Monday, after the National Electoral Council declared Maduro the winner of the election, thousands of opposition supporters took to the streets. The presidents of Colombia and Brazil — both close allies of the Venezuelan government — have urged Maduro to release detailed vote counts. He added that Mexico expects “that the evidence, the electoral results records, be presented.”Pressure has been building on the president since the election. But Machado, the opposition leader, has said vote tallies show González received roughly 6.2 million votes compared with 2.7 million for Maduro.

Persons: Nicolás Maduro, Edmundo González, Edmundo González Urrutia, Antony Blinken, Maduro, Maria Corina Machado, Jesus Vargas, Andrés Manuel López Obrador, Luiz Inácio Lula da Silva, Gustavo Petro of, “, ”, Freddy Superlano, Maria Corina Machado —, —, González, Jorge Rodriguez, Machado, Machado’s, ” Machado, Venezuela’s, López Obrador Organizations: U.S . Department of, Electoral Council, México, Getty Images, Brazilian, Electoral, Foro Penal, National Assembly, Street, AP, Justice, Maduro, Brazil —, Venezuelan, Maduro’s United Socialist Party of Venezuela Locations: CARACAS, Venezuela, United States, Venezuela’s, ” U.S, U.S, Brazil, Caracas, Colombia, Mexico, Gustavo Petro of Colombia, “

☆ Black Muslim group endorses Harris after its 'uncommitted' stance on Biden
▼ + stars: | 2024-08-02 | by ( Yamiche Alcindor | Yamiche Alcindor Is An Nbc News Washington Correspondent. | ) www.nbcnews.com time to read: +6 min

The first national Muslim organization that had declared itself "uncommitted" on President Joe Biden's re-election bid is endorsing Vice President Kamala Harris' candidacy. “She has shown more sympathy towards the people of Gaza then both President Biden and former President Donald Trump,” Suswell said of Harris. The group’s endorsement is significant given the backlash the Biden administration has faced from the Muslim community over its handling of the war. “It wasn’t an easy meeting for the president,” Suswell said. I think she’s more open to having conversations around ending the war.”Suswell added that her group was also moved to support Harris publicly because of her stances on domestic issues.

Persons: Joe Biden's, Kamala Harris, Salima Suswell, Biden, Donald Trump, ” Suswell, Harris, “, Netanyahu’s, Suswell, ”, ” Harris, Benjamin Netanyahu, Israel, Netanyahu, Donald Trump’s, Trump Organizations: Muslim, Black Muslim Leadership Council Fund, NBC, Black Muslim Leadership Council, Biden, Israeli, White Locations: Gaza, Israel, Selma , Alabama, ”, Wisconsin , Michigan, Georgia, Pennsylvania, Palestine

☆ Nvidia reportedly faces a U.S. DOJ antitrust probe after complaints from rivals
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

The U.S. Department of Justice is investigating complaints that Nvidia allegedly abused its market dominance in artificial intelligence chips, The Information reported. The DOJ has reached out to Nvidia's competitors such as AMD to gather information about the complaints, according to the report published on Thursday. Investigators are looking at whether Nvidia charges its customers higher prices for products if that customer wants to buy AI chips from rivals such as AMD, the report said. The DOJ is also looking at whether Nvidia has pressured customers to buy additional products such as cables that connect servers together, The Information reported. Nvidia and the DOJ were not immediately available for comment when contacted by CNBC.

Organizations: U.S . Department of Justice, Nvidia, DOJ, AMD, CNBC

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