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Read previewOn Tuesday, a judge will decide what sentence to give Caroline Ellison, who pleaded guilty to conspiring with Sam Bankman-Fried in an $11 billion fraud scheme. Ellison's sentencing sets up a high-stakes balancing test. She still participated in a massive fraud scheme, after all, the value of which he put at $11 billion. Ellison was the SBF trial's star witnessEllison pleaded guilty to fraud and money laundering for her role in the FTX scandal. Because the Bankman-Fried case went to trial, Kaplan has a lot of information at his disposal when deciding Ellison's sentence.
Persons: , Caroline Ellison, Sam Bankman, Lewis Kaplan, Bankman, Fried, Ellison, Kaplan, FTX, cooperators, Sarah Krissoff, Cozen O'Connor, Joshua Naftalis, That's, Naftalis, Fried JANE ROSENBERG, John J, Ray III, Ryan Salame, Salame's, Gary Wang, Nishad Singh, Ellison's, Krissoff Organizations: Service, Business, Alameda Research, LLP, Prosecutors, Fried JANE ROSENBERG Prosecutors, Securities Exchange Commission, Commodity Futures Trading Commission, Government, MIT, Bankman Locations: Bankman, Manhattan, Alameda, New York, Brooklyn
Federal Reserve Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week's half percentage point interest rate cut as she worries that inflation could reignite. In explaining her rationale, Bowman said the half percentage point, or 50 basis point, reduction posed a number of risks to the Fed's twin goals of achieving low inflation and full employment. Though Bowman favored a reduction, she preferred the Fed lower by a quarter percentage point, more in line with the traditional moves at the central bank. In recent statements, Fed officials have cited easing inflation and a softening labor market as justification for the cut. At last week's meeting, individual policymakers indicated they expect another half percentage point in cuts this year and another full point in 2025.
Persons: Michelle Bowman, Bowman Organizations: Federal Locations: Kentucky
Read previewThis as-told-to essay is based on a conversation with Robert Doyle, a Walmart store manager in Cibolo, Texas. As a store manager, each day is a little different, but the process is the same. At about 8 o'clock I'll start working with my morning management team, which includes a few coaches and some team leads. The technology is growing so fast and it changes day to day to day, and we're working to stay on top of it. I like to present my store as the best store in town — whatever competitor I have, I've got the best store.
Persons: , Robert Doyle, I've, There's, that's, We've, Dominick Organizations: Service, Walmart, Business, Home Office Locations: Cibolo , Texas, DeLand , Florida, Germany, Florida, Illinois, North Carolina, Pennsylvania, Texas
Read previewThis as-told-to essay is based on a conversation with Jonathan Sit, a regional general manager for ONE15 Marina. I joined ONE15 Marina at Sentosa Cove Singapore in 2014 as a management associate for two years before becoming regional general manager. You're starting an argument, and members don't want to argue. Don't put wealthy people on a pedestalIt sounds cliché, but the marina industry is a people business, and members want to be treated like humans. Learning a bit about yachting also helps me relate to the members better.
Persons: , Jonathan Sit, It's, I've, it's, they've, we've, They're Organizations: Service, ONE15 Marina, Michelin Star, Business, ONE15, CNBC Locations: Hong Kong, Singapore, Sentosa Cove Singapore, Sentosa
In today's big story, why you should care about a potential Intel-Qualcomm deal , even if it might not work. Getting all that varied experience has proved particularly beneficial for TSMC in the age of cutting-edge mobile and AI chips. The US needs Intel to keep (and get better at) manufacturing chips. The problem with that is that this manufacturing business would have almost no customers, and would fall even further behind TSMC. Experts seem incredibly skeptical about a Qualcomm deal going through.
Persons: , Jamie Dimon, Moneyball, Rupert Murdoch's, Chelsea Jia Feng, I'm, it's, Palantir alums, Jamie Dimon Tom Williams, he's, Goldman Sachs, Chelsea JIa Feng, ChatGPT, Vinod Khosla, Chris Gash, Lachlan Murdoch, Murdoch, Lachlan's, Caroline Ellison, Biden, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Milan Sehmbi, Amanda Yen Organizations: Service, Intel, Qualcomm, Business, Tech, Getty, TSMC, Inc, JPMorgan, Bank of America, Big Tech, Web Services, Employees, Bloomberg Global Business Forum, FAA, OPEC, Oil Locations: Taiwan, China, San Francisco, Nevada, New York, London
CNN —President Joe Biden welcomed National Women’s Soccer League (NWSL) champion NY/NJ Gotham FC to the White House on Monday, the first time in the league’s history that a team has received the invite. Krieger, who earned more than a century of national team caps, won the NWSL title with Gotham FC in her last season as an active player. “Reflecting on my career, I recall times when women’s soccer lacked coverage and support,” she said. It won the inaugural Women’s Professional Soccer championship in 2009 and was a founding member of the NWSL in 2013. Gotham FC won its first NWSL championship in November last year, defeating OL Reign 2-1 in the final.
Persons: Joe Biden, Biden, Gotham, ” Biden, , Susan Walsh, Ali Krieger, Krieger, Organizations: CNN, National Women’s Soccer League, NY, Gotham FC, White, Gotham, Jersey Sky, Sky Blue FC, League of United Soccer Leagues, Professional Soccer, Utah Royals Locations: United States
It’s only Week 4 in the NFL, and already the league has given us plenty of surprises. AdvertisementLast week: 2Monday: Beat Jacksonville Jaguars 47-10Surprise: That all of their offseason losses haven’t hurtIn fact, some of them might have helped. Seattle Seahawks (3-0)Last week: 10Sunday: Beat Miami Dolphins 24-3Surprise: This team leads the NFC West by two gamesIt’s not the 49ers. pic.twitter.com/5ZUE81lJQm — NFL (@NFL) September 20, 202416. For the season, NFL kickers have hit 76.5 percent of their field goals from beyond 50 yards.
Persons: Trevor Lawrence, we’ve, Josh Allen, Allen, Damar Hamlin, Travis, isn’t, Kelce, Patrick Mahomes, Amon, Ra St, Brown, Jahmyr Gibbs, Gibbs, J., m., abel, m. E Organizations: NFL, Seattle Seahawks, Beat Jacksonville Jaguars, Bills, Baltimore Ravens, Beat Atlanta Falcons, Chiefs, , Los Angeles Chargers, Beat Arizona Cardinals Locations: 7 y, 9 y, 1 y, 4 y, 2 y, 5 y
John Roese, the global chief technology officer and chief AI officer of Dell Technologies. In the long term, those two have to come closer together to achieve the speed necessary for an AI cycle. So the quality of what you produce in your organization as a CTO — if you're going to provide models built in-house — better be superstar quality, or no one's using it. Once you understand that those are high level, then you have to ask if you are actually on a path where if you apply AI, you're going to get to an outcome. DeCesare: I've been most inspired to drive the leverage of AI through the company by finding out how people have applied it.
Persons: Emma Cosgrove, La'Naia Jones, John Roese, Elaine Zhou, Faisal Masud, Erin DeCesare, What's, it's, Claude, It's, She's, ChatGPT, Cosgrove, we've, cocreate, that's, We've, Masud, That's, they're, Jones, You've, Everyone's, Aaron, Jensen, Huang, I've Organizations: Business, BI's, CIA, Dell Technologies, HP, Star, Amazon, Nvidia Locations: Spain, Madrid, Silicon
Rachel Green from "Friends" is one of the most iconic characters of the 1990s and early 2000s. Rachel was the only person who kissed everyone in the main "Friends" group. Go to newsletter preferences Thanks for signing up! AdvertisementRachel Green from "Friends" is one of the most iconic characters of the 1990s and early 2000s. Even "Friends" fans who have seen every episode of the series might not know some of these interesting facts about Rachel.
Persons: Rachel Green, Rachel, Jennifer Aniston, , Jennifer Aniston's, It's, it's Organizations: Service, NBC
Low global demand forecasts, coupled with new oil supply coming from non-OPEC countries, spell a long period of subdued crude prices. Has demand growth hit its apex, and is it just downhill from here? The oil producer group's 2024 World Oil Outlook report, released Tuesday, predicts strong energy demand growth of 24% globally between now and 2050. It also forecasts "robust medium-term growth" in oil demand reaching 112.3 million barrels per day in 2029, an increase of 10.1 million barrels per day compared to 2023. The IEA still sees global oil demand rising; it just forecasts a smaller rise, and expects it to peak by the end of the decade.
Persons: It's Organizations: Brent, International Energy Agency, The, IEA Locations: Saudi, Ras Tanura, Saudi Arabia, OPEC, The Paris
AP —Thailand’s landmark marriage equality bill was officially written into law Tuesday, allowing same-sex couples to legally wed. The law was published in the Royal Gazette after endorsement by King Maha Vajiralongkorn, and will come into effect in 120 days. This means LGBTQ+ couples will be able to register their marriage in January next year, making Thailand the third place in Asia, after Taiwan and Nepal, to allow same-sex marriage. Thailand has a reputation for acceptance and inclusivity but struggled for decades to pass a marriage equality law. Bangkok Deputy Governor Sanon Wangsrangboon said last week that the city officials will be ready to register same-sex marriages as soon as the law gets enacted.
Persons: King Maha Vajiralongkorn, , Paetongtarn Shinawatra, Sanon Wangsrangboon Organizations: Royal Gazette, Senate, , Bangkok Pride, Facebook Locations: Thailand, Asia, Taiwan, Nepal, LoveWins, Bangkok
Some Wall Street analysts and money managers see a path to monetization ahead for Apple 's latest artificial intelligence features despite some near-term rollout headwinds. Earlier this month, the technology behemoth debuted its iPhone 16 , incorporating its new AI features known as Apple Intelligence. While including Apple Intelligence as a paid tool may not be on investors' radar, some see a strong case for a future added cost down the road. AAPL YTD mountain Apple shares in 2024 The setup with Apple Intelligence could resemble the company's Apple TV debut, notes CFRA Research analyst Angelo Zino. The portfolio manager also sees an avenue for third-party developers to draw on Apple's AI features to improve their offering.
Persons: Craig Moffett, Moffett, Angelo Zino, Zino, Gene Munster, Apple, OpenAI's, John Belton Organizations: Street, Apple, Apple Intelligence, Meta, Deepwater Asset Management Locations: Europe, China
Read previewWith so many types of Pilates classes out there, I decided to test as many as possible to find which ones worked best for my body. Getting sweatyReformer Pilates classes are popular with those wanting a different type of cardio workout. Gentle doesn't mean ineffectiveA traditional mat Pilates class is based on the classical repertoire of Joseph Pilates. AdvertisementI went during pregnancy and postpartumI went to clinical Pilates classes at a physiotherapist during my pregnancy and after I had my daughter. I prefer Studio PilatesStudio Pilates classes are also based on the teachings of Joseph Pilates.
Persons: , it's, I'd, I'm, Joseph Pilates Organizations: Service, Business
“We are the closest we’ve been to spiraling to a regional war” since Hamas’ October 7 attack, one of the officials said. The US assesses that neither Israel nor Hezbollah are interested in a full-scale war, officials said. On Monday, Nasser Kanaani, a spokesman for Iran’s foreign ministry, warned of “dangerous consequences” following Israel’s strikes. Israel has told the US that a full-scale war is not the intent of its strikes, according to an Israeli official. The goal is a diplomatic solution through escalation, the Israeli official said.
Persons: , Israel, Nasser Kanaani, “ They’ve, Joe Biden’s, ” “, Daniel Hagari, Hagari, ” Hagari, Hassan Nasrallah, Ismail Haniyeh, Masoud Pezeshkian, “ Ismail Haniyeh, ” Pezeshkian, “ Israel Organizations: CNN, Ramat David, State Department, UN, Assembly, Pentagon, General Assembly, Hamas, Israel Defense Forces, Hezbollah Locations: Israel, Lebanon, East, Beirut, Ramat, Haifa, Iran, Tehran, New York, , Gaza
OpenAI CEO Sam Altman used to be "super anti-Burning Man." Altman said on the podcast he's been to Burning Man five or six times. "Everyone so happy, so engaged, so present that I was like, 'OK, I was wrong to be so negative on Burning Man.'" A photo of Burning Man attendees on the playa of Black Rock City. "This is one possible, like, part of what the post-AGI world can look like," Altman said on the podcast.
Persons: Sam Altman, Altman, he's, Aly Weisman Altman, we'll, everyone's, Organizations: Service, Business, bros, Black Rock City . Business Locations: Nevada's, Black Rock
The international poverty line, which the U.N. uses to measure global poverty, is very low. The international poverty line is valuable because it has succeeded in drawing the world’s attention to the extreme poverty of the world’s very poorest people. But to end poverty in all its forms everywhere, studying this poverty line alone is not enough. One way to see whether this higher poverty line is reasonable is to check whether it aligns with established national poverty assessments. For this, we need an appropriately ambitious poverty line that receives the same attention as the low international poverty line.
Persons: Michail Moatsos, , Lant Pritchett, Lyndon Johnson Organizations: The New York Times, Getty Images, United Nations General Assembly, Democratic, Bank, World Bank Locations: adulthood.Today, New York City, Mozambique, Democratic Republic of Congo, , Bolivia, Nigeria, India, United States, Denmark, Switzerland, Netherlands, Norway
In today's edition, our team breaks down a key Nebraska state senator's decision to stand in the way of a Trump-backed drive to change how the state allocates its electoral votes. Trump allies have pushed for a special legislative session intended for the Republican-controlled legislature to change Nebraska to a winner-take-all system instead of awarding electoral votes by congressional district. The developments appear to cap months of deliberations over whether Nebraska lawmakers could change the way the state apportions its electoral votes in a way that would benefit Trump. Nebraska allocates its electoral votes by congressional district, and the swing district around Omaha has twice gone to Democrats in recent years, giving them one electoral vote from an otherwise ruby-red state. But if lawmakers changed that to a winner-take-all model, Trump would be all but certain to win all of Nebraska’s electoral votes.
Persons: Jonathan Allen, Bridget Bowman, Adam Edelman, Katherine Doyle, Allan Smith, Ben Kamisar, Donald Trump, Sen, Mike McDonnell, Trump, Kamala Harris, Mark Murray, Democratic Party — Harris, Harris, , Biden’s favorability, Harris ’, Trump’s favorability, Trump’s, , Jeff Horwitt, J D, Joh, Hou, ari, us jobs, Rea Organizations: NBC, White House, Capitol, Trump, Key, Key Nebraska Republican, Nebraska Republican, Republican, NBC News, Nebraska, Electoral, Democratic Party, Democrats, Democratic, New York Times, aig Locations: Nebraska, Key Nebraska, , Omaha, Michigan, Pennsylvania, Wisconsin, Siena, Arizona , Georgia, North Carolina
President Joe Biden welcomed the Gotham Football Club to the White House on Monday, the first National Women’s Soccer League championship team to have the distinction. Biden then welcomed to the stage former U.S. women's national soccer team star Ali Krieger, who played with Gotham until her retirement last year. "Reflecting on my career, I recall times when women's soccer lacked coverage and support," Krieger said. Kevin Dietsch / Getty ImagesThough Gotham FC is the first NSWL team to reach the White House, it is not the only women's soccer team to be invited. Two other now-defunct leagues have been formed in the U.S. since 2000— the Women's United Soccer Association and the Women's Professional Soccer league.
Persons: Joe Biden, Biden, , Ali Krieger, Krieger, Juan Carlos Amorós, Midge Purce, Kevin Dietsch, Barack Obama, ” Krieger Organizations: Gotham Football Club, White, National Women’s Soccer League, team, Gotham, NJ, NY Gotham FC, Women's Soccer League, Gotham FC, Women's United Soccer Association, Professional Soccer, Sky Blue FC, WPS, White House Locations: York, New Jersey, San Diego, U.S, New York
The Massachusetts State Police has suspended full-contact boxing training activities among recruits after one died, a state police spokesperson said. Tim McGuirk, a state police department spokesperson, said in a statement Monday that the full-contact boxing training activities between trainees has been suspended until further notice. Mawn also directed the state police’s Division of Standards and Training “to comprehensively review the Academy’s defensive tactics program,” McGuirk said. Early said state police detectives assigned to his office would continue to investigate Delgado-Garcia’s death and work with whomever takes over the investigation. Specifics of the boxing training exercise Delgado-Garcia participated in have not been disclosed.
Persons: Enrique Delgado, Garcia, Tim McGuirk, John Mawn Jr, McGuirk, Mawn, , ” McGuirk, , Elaine Driscoll, Joseph Early Jr, Delgado, Enrique, District Attorney Joseph D, Allan Jung, Karen Read, Garcia’s, Jessie Rossman, “ Enrique Organizations: Massachusetts State Police, Massachusetts State Police Academy, State Police, Attorney’s Office, Division, Medical, District Attorney, Worcester Telegram, Gazette, USA, American Civil Liberties Union of Massachusetts, Westfield State University, State Locations: Worcester, New Braintree, Worcester County, Boston, ” Worcester, Rio Piedras , Puerto Rico, Massachusetts
The Summary A new study found that some members of an octopus species hunt cooperatively in groups with fish. A new study shows that some members of the species Octopus cyanea maraud around the seafloor in hunting groups with fish, which sometimes include several fish species at once. It’s an indication that at least one octopus species has characteristics and markers of intelligence that scientists once considered common only in vertebrates. These hunting groups typically included several species of reef fish, such as grouper and goatfish. These are the ambush predators, the ones that don’t move, don’t look for prey,” Sampaio said.
Persons: aren’t, , Eduardo Sampaio, Simon Gingins, ” Sampaio, it’s, , Martha, I’ve, ” It’s, Jonathan Birch, ” Birch, cyanea Organizations: Max Planck, Animal, London School of Economics Locations: Eilat, Israel
If you want to start your holiday shopping early, look no further because Walmart has officially announced its upcoming Walmart Holiday Deals event. When is the Walmart Holiday Deals event? Walmart Holiday Deals event starts online on Oct. 8 at noon for Walmart Plus members and on Oct. 9 at midnight for everyone else (in-store deals start at 6 a.m.). Who can shop during Walmart Holiday Deals? What deals can you expect during Walmart Holiday Deals?
Persons: you’re, TikTok Organizations: Walmart, Walmart Plus, Amazon Prime, Deal, NBC, Amazon, Facebook, Twitter
"The key to finishing our work this week will be bipartisan cooperation, in both chambers.”Last week, 14 House Republicans teamed with nearly all Democrats to torpedo a six-month funding bill that included the SAVE Act. “It’s, in my opinion, galactically stupid to do a government shutdown even after an election. Schumer, the Senate Democratic leader, took steps last week to tee up a vote on a government funding bill, preparing the upper chamber to step in if Republicans in the House flame out again. Some Republicans had pushed for the House to act quickly, worried that a funding bill passed by the Democratic-led Senate could be loaded up with extraneous spending. If Congress succeeds in passing the new House CR before the Oct. 1 deadline, they'll have another shutdown fight awaiting them in December.
Persons: WASHINGTON, Donald Trump, Trump, Mike Johnson, Johnson, “ I’ve, ” Johnson, , Joe Biden, Chuck Schumer, D.N.Y, Schumer, “ It’s, it’s, , Mike Garcia, Garcia, Don Bacon, Byron Donalds, ” Schumer, Donald Trump’s, he’d, Johnson “, there’s, “ We’re, Mike Simpson Organizations: White, Sunday, SAVE, Trump, Mar, Lago, CR, Republicans, , Democratic, Republican Locations: Washington, Idaho
Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover. McMaster and John Kelly, all of whom were generals before they took high-ranking positions in the Trump administration. Another post that would loom large in a Trump administration is that of secretary of homeland security. Advisers to Trump’s transition include his sons Donald Trump Jr. and Eric Trump. Trump’s transition team is assembling small teams of people who would help shepherd nominees through to Senate confirmation.
Persons: Donald Trump, Trump, , Hillary Clinton, Chris Christie, They've, , Max Stier, it’s, ” Stier, Kamala Harris, Harris, , ” Sen, Mitt Romney, ” Romney, James Mattis, John Kelly, Romney, won’t, William Barr, Jeff Sessions, Mark Esper, Marc Short, Mike Pence, Sen, Lindsey Graham, ” Graham, Marco Rubio, Bill Hagerty of, Robert O’Brien, Mike Lee, Ken Paxton, — I’m, Dick Durbin, Tom Cotton, Mike Waltz, Mike Pompeo, Thomas Homan, Homan, ” Homan, “ Trump, Howard Lutnick, Cantor Fitzgerald, Linda McMahon, Lutnick’s, McMahon, Lutnick, Donald Trump Jr, Eric Trump ., Robert F, Kennedy Jr, Tulsi Gabbard, Doug Hoelscher, Hoelscher, Lisa Murkowski, Susan Collins of, Luther Strange, Strange, Roy Moore, Moore, Doug Jones, hadn’t, , President Trump, that’s, Stier Organizations: WASHINGTON, White, Former New Jersey Gov, Trump, Public Service, Democratic, H.R, McMaster, Senate, Trump White House, Republican Sens, White House, Harris, Committee, CIA, Customs, Republican National Convention, Small Business Administration, Trump’s, America, Office, Intergovernmental Affairs, Republican, Alabama, Democrat, Brookings, Capitol Locations: Washington, R, Utah, Marco Rubio of Florida, Bill Hagerty of Tennessee, Texas, Milwaukee, Hawaii, Alaska, Susan Collins of Maine, Alabama
I wanted to quit my corporate job — and fast. All of this prompted me to quit my job in the worst way possible. My actions created discomfort at the officeLater that day, my boss sent an email to everyone detailing my resignation. Instead, I lied, which any boss would be able to see through, and that created distrust in those last four weeks. I didn't burn any bridges, but there was a sour taste left in both our mouths.
Persons: , could've Organizations: Service, Business
CNN —Rates of enterovirus D68 infections are on the rise across the United States, according to the nonprofit WastewaterSCAN network. This common virus can lead to a rare but serious polio-like complication known as acute flaccid myelitis. Dr. Leana Wen: Enterovirus D68 is part of a group of more than 100 non-polio enteroviruses. CNN: What can you tell us about acute flaccid myelitis, the rare but dangerous complication that can result from enterovirus D68 infection? CNN: How likely is it that enterovirus D68 infection will result in acute flaccid myelitis?
Persons: Leana Wen, Wen, myelitis Organizations: CNN, George Washington University, US Centers for Disease Control, CDC Locations: United States
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