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On their way to the US Supreme Court, Trump's lawyers would first need to exhaust their New York state appellate options. AdvertisementNew York Supreme Court Justice Arthur Engoron presided over closing arguments in the Trump civil fraud trial. Shannon Stapleton/ReutersThrowing the case to the US Supreme Court could, at the least, delay the imposition of penalties, Scholl said. It's unlikely the US Supreme Court would throw out New York's executive law in its entirety, he predicted. But the court could quite possibly pare back, at least in Trump's case, its most severe penalties.
Persons: , Donald Trump, Letitia James's, Trump, Shannon Stapleton, SCOTUS, Marc Frazier Scholl, Trump's, Scholl, Lewis Baach Kaufmann Middlemiss, Jane Rosenberg, it's, James, Arthur Engoron, pare, Letitia James, Christopher Kise, Donald Trump's, Kise, Alina Habba, Clifford Robert . Pool, Adam S, Kaufmann, There's, President Trump Organizations: Service, York, New York, Trump, Business, Court, Reuters, Manhattan, Attorney's, New, Appeals, Trump Organization, US, Fifth Locations: Manhattan, New York, York, Florida
“It’s an ongoing effort,” said White House chief of staff Jeff Zients. “Under his leadership, we’ve attacked inflation from every angle.”The question is whether voters are feeling the improvement and will reward Biden. Or will they penalize him because inflation became a problem on his watch as the U.S. emerged from pandemic shutdowns? Past and current Biden administration officials say the decline in inflation since then was a result of a set of choices. Much of the public saw inflation through the lens of their grocery stores, strip malls and gas stations, but the White House considered it a worldwide issue.
Persons: Joe Biden, he's, Biden, , Jeff Zients, we’ve, Jason Smith of Missouri, Donald Trump, ” Trump, “ We're, Bharat Ramamurti, shutdowns, , Jared Bernstein, White, Ben Harris Organizations: WASHINGTON, White, Bureau of Labor Statistics, Biden, Federal Reserve, House, National Economic Council, Congressional, Medicare, Factories, Shipping, White House Council, Economic Advisers, White House, U.S, Republican, Treasury Department, Associated Press, NORC, for Public Affairs Locations: , U.S, Los Angeles, Long Beach , California, Russia, Ukraine, Israel, Red
Aaron Rodgers' ESPN ban lasted a full day
  + stars: | 2024-01-11 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +4 min
Read previewRemember when the Aaron Rodgers/Pat McAfee/Jimmy Kimmel situation was resolved because Rodgers was no longer going to be on ESPN? Thursday, the NFL quarterback was back on McAfee's ESPN show, commenting on Patriots coach Bill Belichick's departure . But that doesn't really matter. And for a day, at least, that's working out for McAfee and Disney, since Rodgers didn't use his TV time to attack another Disney star. The unanswered question: What happens if Rodgers — or anyone else McAfee books — causes problems for Disney again?
Persons: , Aaron Rodgers, Pat McAfee, Jimmy Kimmel, Rodgers, Bill Belichick's, McAfee, Disney, Kimmel, Bob Iger, it's, he'll, We've Organizations: Service, ESPN, NFL, Patriots, ABC, Disney, Business, McAfee, Rodgers, Big Time
Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during its Future Minerals Forum held in Riyadh this week, ministers told CNBC. Estimates for the kingdom's untapped mineral reserves have jumped from $1.3 trillion in a 2016 forecast to $2.5 trillion, according to Saudi Mineral Resources and Industry Minister Bandar Al Khorayef. The resources include gold, copper, phosphate and rare earth elements, offering new sources of subterranean wealth on top of Saudi Arabia's mammoth oil reserves. "We are very excited about this news ... it's really a result of what we have been doing in the last four years," Al Khorayef told CNBC's Dan Murphy on Wednesday. Saudi Arabia has developed 33 new exploration sites for mining, and aims to award foreign investors more than 30 mining exploration licenses in 2024, it announced at the forum.
Persons: Bandar, it's, Al Khorayef, CNBC's Dan Murphy Organizations: Minerals, CNBC, Saudi Mineral Resources, Industry, Saudi Locations: Saudi Arabia, Riyadh, Bandar Al Khorayef, Africa
Read previewThere are some months when Jason McConahy, a part-time Lyft driver in Las Vegas, drives as few as 10 hours. That's because the 48-year-old gets more out of ride-hailing than some supplemental income and flexible working hours ; it's provided him with a valuable source of social interaction . This story is available exclusively to Business Insider subscribers. Several Uber and Lyft drivers have told Business Insider they've faced everything from rude comments to harassment while working. While he loves the social interaction and flexibility of ride-hailing, he said he doesn't think it's sustainable as a full-time job.
Persons: , Jason McConahy, it's, they've, McConahy, Uber, Lyft, I've, It's Organizations: Service, Business Locations: Las Vegas, Spokane , Washington,
"There's a low barrier to entry," the 20-year-old told Business Insider of the main reason he started with retail arbitrage. The trade-off is that retail arbitrage is a time-intensive strategy. Like arbitrage, you're buying and reselling an existing product; but you're buying in bulk, meaning you're spending more money upfront on inventory. Starting a private label brand is going to require the most upfront investment, both in terms of your time and money. Comparatively, with retail arbitrage, "I'm handling everything," he said.
Persons: , Sahaj Dhingra, Dhingra, you've, He's Organizations: Service, Costco, Walmart, Amazon, Business, Virginia Commonwealth University, VCU
Activists take part at a "Look Down action" rally to stop deep sea mining outside the European Parliament in Brussels on March 6, 2023. In a parliamentary vote on Tuesday, lawmakers in the northern European country are expected to approve the government's proposal to open Norwegian waters for commercial-scale deep-sea mining. Critics say deep-sea mining is "extremely destructive," while scientists warn the full environmental impacts are hard to predict. Ocean Rebellions protest The Deep Sea Says No Why the deep sea? (Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images
Persons: Kenzo TRIBOUILLARD, KENZO TRIBOUILLARD, Kenzo Tribouillard, What's, Luciana, Charles M Organizations: Getty, Afp, Environmental Justice Foundation, European Commission, SOUTH Locations: Brussels, AFP, Norway, Svalbard, ROTTERDAM, SOUTH HOLLAND, NETHERLANDS
Elon Musk's X to launch peer-to-peer payments this year
  + stars: | 2024-01-09 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +2 min
Elon Musk's social media platform X, formerly known as Twitter, announced it will launch peer-to-peer payments this year, according to a Tuesday blog post. X said the payments will unlock "more user utility and opportunities for commerce" as the platform works to "revolutionize 2024." The blog post did not offer specific details about how the payments will work or when they will officially launch. According to the Nationwide Multistate Licensing System website, X Payments LLC — the payment subsidiary of X — has only obtained money transmission licenses in 14 states so far. Introducing peer-to-peer commerce to the platform would mark the latest sweeping change at X since Musk acquired the company for $44 billion in late 2022.
Persons: Elon, Twitter —, X, , Musk Organizations: SpaceX, Twitter, New York Times, X, eToro Locations: New York City
Low-risk retail arbitrage is time-intensive, however. He had a few summer vacation months ahead: the perfect opportunity to scale a retail arbitrage operation. With FBA, he wouldn't have been able to list products until Amazon received them, which would have killed his strategy of listing products before purchasing inventory. Dhingra, now 20, is in his junior year at VCU and focused on other entrepreneurial projects since retail arbitrage requires so much time. He has reinvested 100% of his profits back into the arbitrage business, he said: "I haven't taken a single disbursement from my business checking.
Persons: Sahaj Dhingra, Dhingra, it's, Perrier, Nestlé, it'll, wouldn't, He'd Organizations: YouTube, Amazon, Costco, Walmart, Business, Virginia Commonwealth University, VCU, UPS, USPS Locations: Virginia, Dhingra
Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.
Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa
I knew something was amiss when the taxi meter read 10.50 euros as we pulled away from the Roma Termini train station. Some travel sites suggest there's an additional 2 euro surcharge for all taxi rides from Roma Termini, although that information is not listed on official sites. Before arriving in Italy, download taxi hailing apps associated with the major Italian taxi companies, such as ItTaxi, FreeNow and Free Taxi. The event took place on Nov. 9, 2023, in Rome, Italy. Do your researchLearn to recognize official white cabs and the various city emblems, and where taxi drivers post their taxi licenses and vehicle registration numbers.
Persons: Milan —, Roberto Gualtieri, Eugenio Patane, Claudia Gualdi, Francesca Volpi, Aurelian, Gabriel Bouys Organizations: Taxi, Mayor, Mobility, Nurphoto, Getty, Bloomberg, Fiumicino Airport, AFP Locations: Roma, Italy, Trastevere, Rome, Piazza del, Riskline, Duomo, Milan, Florence
Most hawkers collect their ice cream and dry ice from wholesale distributors around the country. Lester Ledesma for Business InsiderLiang is one of Singapore's remaining traditional ice cream sellers and part of a bygone era. Buying one from one of Singapore's "ice cream uncles" is almost a right of passage. But Liang, Tan, and many other traditional ice cream sellers in the country find themselves working well into their golden years. In addition to the ice cream cart, the ice cream hawkers often also use big cooler boxes for additional storage.
Persons: hawking, , Liang, Lester Ledesma, Insider Liang, Kenneth Goh, Chip Guan Heng, Goh, Koh Poh Koon, That's, Koh, Tan Ah Hock, He's, " Tan, Tan, There's, Wang, she's, Chan Yong Leng, Chan, TikTok, Darren Tan, it's Organizations: Service, Business, Insider, Singapore Food Agency, SFA, Social Service Office Locations: Singapore, Orchard
Last month, the company launched new updates to Copilot Chat, a chat function that can help developers troubleshoot bugs or answer coding questions. Copyright risksIn September, Microsoft announced a policy that it would provide indemnification coverage to copyright claims related to its AI-powered Copilot tools, including GitHub Copilot. If customers don't want their code included in training sets for AI, they can make their GitHub code bases private. "That's part of listening to the community and trying to understand the feedback and how can we help," McKinley said. "Others are experimenting with AI," Shani said.
Persons: GitHub, GitHub's, Shelley McKinley, McKinley, Inbal Shani, Shani, GitHub McKinley, she's, OpenAI, we've, We're Organizations: Business, Microsoft, Northern Locations: GitHub, Northern California
Meanwhile, Jim Cramer's interview with an influential member of President Joe Biden's cabinet proved encouraging for Club holding Nvidia . It's been a two-session roller-coaster ride that illustrates the importance of staying disciplined and not chasing stocks while they're surging for non-fundamental reasons. Traders were trying to front-run the official announcement, pushing Linde stock up 4.53% Tuesday, to an all-time high of $426.72 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Nvidia CEO Jen-Hsun Huang at the Consumer Elctronics Show (CES) in Las Vegas, USA, 04 January 2017.
Persons: Linde, Jim Cramer's, Joe Biden's, It's, Pfizer's, drugmaker Seagen, there's, Gina Raimondo, Jim, Biden, Raimondo, " Raimondo, Cigna, Humana's, , Humana, Aetna's, Jim Cramer, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Club, Nvidia, LIN, Linde, Nasdaq, Traders, . Commerce, U.S, Bank of America, Wall Street Journal, Humana, CNBC, Consumer, Audi, Getty Locations: China, U.S, Wall, Las Vegas, USA
Oracle shares slide as revenue misses estimates
  + stars: | 2023-12-11 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Oracle shares dropped more than 9% in extended trading Monday after the software company reported fiscal second-quarter revenue and quarterly revenue guidance that fell short of Wall Street expectations. Analysts polled by LSEG had predicted $1.37 in adjusted earnings per share and $13.34 billion in revenue, which implies 7.6% revenue growth. "We did not bring up as much capacity as we could have used this past quarter," Oracle CEO Safra Catz said on the call. OCI is the Oracle Cloud Infrastructure, the company's answer to Microsoft Azure and the market-leading Amazon Web Services.
Persons: Larry Ellison, LSEG, Safra Catz, Oracle, Ellison, Edward Jones Organizations: Oracle Corp, Oracle, Elon, Halliburton, Samsung, Microsoft, Oracle Cloud Infrastructure, Amazon Web Services, Technik Locations: San Francisco, LSEG
The attack has highlighted a growing risk for miners in the Andean nation, the world's no. "Security is now one of the main costs," Poderosa corporate affairs manager Pablo de la Flor told Reuters after the attack. Thousands of trucks of illegal gold were taken out, it said. "There is a black market for minerals," said Gustavo Ramirez, who studies illegal mining for SNMPE. Illegal miners are estimated to produce around another 30 tons.
Persons: Cristobal Bouroncle, Rights LIMA, Pablo de la Flor, De la Flor, Saturday's, la Flor, Poderosa, Gustavo Ramirez, Marco Aquino, Alexander Villegas, Marguerita Choy Organizations: Rights, Reuters, National Society of Mining, Petroleum, Energy, Peru's Ministry of Energy, Mining, Ministry of Energy, Mines, Thomson Locations: Madre de Dios , Peru, Peru, Pataz, India, Switzerland, Canada, Bolivia
That's why "lifting and shifting" existing on-premises SQL Server environments to SQL Server on Azure Virtual machines is a simple, quick, and cost-effective path for companies that are concerned about complex cloud migration for legacy workloads, but need to gain cloud benefits today. Simple path of migration to accelerated performanceSQL Server on Azure Virtual Machines is 100% compatible with on-premises SQL Server. Once migrated, teams can leverage their existing SQL Server skills seamlessly — using the same powerful SQL Server they are familiar with, now in the cloud. SQL familiarity with cloud innovationAzure Virtual Machine customers benefit from a comprehensive cloud computing platform with security from the ground up. The use of Azure Virtual Machines made the success of Atrium's Azure ecosystem possible.
Persons: Nic Hopper Organizations: Virtual Machines, Virtual Machine, Intel, Microsoft, Virtual, Atrium Underwriters, Insider Studios Locations: London
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 18, 2023. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. In one sense, we're now two weeks (and a holiday breather) on from SpaceX's most recent test flight of a Starship prototype. The extremely public display, as well as SpaceX's polarizing owner, is a double-edged sword for understanding Starship test flights. Few call the Starship launches what they are: research.
Persons: SpaceX's, CNBC's Michael Sheetz Organizations: Boca Chica, CNBC's, SpaceX Locations: Brownsville , Texas, U.S, South Texas, Hawaii
And yet, even as the climate crisis inserts itself viscerally into people’s lives, experts say the year has seen alarming backsliding on climate action. Green policies have been watered down, huge new oil and gas projects have been greenlit and coal has had something of a resurgence. As countries gather in Dubai for the UN’s COP28 climate summit, there are “high expectations,” said Harjeet Singh, the head of global political strategy at nonprofit Climate Action Network International. It sent worrying signals about climate backtracking, said Elisa Giannelli, a senior policy advisor at climate think tank E3G. Around 50% of its total capital spending needs to go toward clean energy projects by 2030, according to the report.
Persons: , Harjeet Singh, Kaveh Guilanpour, Singh, Biden, , Erik Grafe, Joe Biden, Countess, Norway —, Elisa Giannelli, “ It’s, Rishi Sunak, Joeri Rogelj, Flora Champenois, It’s, Bernd Lauter, ” Rogelj, Darren Woods, Bernard Looney, Fatih Birol, Guilanpour, Claire Fyson, ” Fyson, “ we’re, ” CNN’s Ella Nilsen, Ivana Kottasová, Gan Organizations: CNN, United Nations, Action, , Climate, Energy Solutions, US Department of Interior, Imperial College London, Global Energy Monitor, GEM, Getty, BP, Chevron, ExxonMobil, Shell, Exxon, IEA, Climate Analytics Locations: Canada, Libyan, Dubai, Alaska, Washington ,, Australia, Norway, Europe, Germany, China, Asia, Ukraine, Eschweiler, COP28
In 2022, Amazon Web Services (AWS) and Microsoft's Azure had a combined 70-80% share of Britain's public cloud infrastructure services market, Ofcom said. Such practices directly harmed customers, and were the only significant barrier to competition in Britain’s cloud computing market, the company said. "A lot of our software and cloud services interoperate, and can run on AWS or on Azure as well, so you're not restricted," he said. "If you don't fix this, eventually you will have fewer cloud providers, and then innovation will not really happen, and investments will start shrinking." Asked why Amazon, which boasts a larger share of the cloud market than Microsoft, did not pose a similarly anticompetitive risk, Zavery said AWS consumers were not facing the same restrictions.
Persons: Arnd, Amit Zavery, Microsoft’s, Zavery, , Martin Coulter, Jeffrey Dastin, Kenneth Li Organizations: REUTERS, Microsoft, Reuters, European Union, CMA, Markets Authority, Ofcom, Amazon Web Services, Google, Google Cloud, Thomson Locations: Zurich, Switzerland, Britain, London, New York
After all, Las Vegas is the headquarters of the family's empire, even if it doesn't have any casino resorts in the city anymore. Adelson is the widow of Las Vegas Sands founder Sheldon Adelson, who died in January 2021. And Las Vegas is now a preeminent destination for sports, with the NHL's Golden Knights, the NFL's Raiders, the WNBA's Aces and a Formula 1 Grand Prix. He is also the president and chief operating officer of Las Vegas Sands. Las Vegas Sands itself has spent years and millions of dollars as well in pursuit of the same goal.
Persons: Miriam Adelson, Adelson, Sheldon Adelson, Adam Silver, LeBron James, he's, Shaquille O'Neal, Patrick Rishe, St . Louis, Dumont, Mark Cuban, Patrick Dumont, Miriam Adelson's, Sivan, Cuban, Sands Organizations: Dallas Mavericks, Western, Golden State Warriors, American Airlines Center, Dallas , Texas ., Las Vegas Sands, NBA's Dallas Mavericks, Vegas Sands, Golden Knights, NFL's Raiders, WNBA's Aces, League Baseball's, Vegas, NBA, Sacramento Kings, Washington University, Dallas, CNBC, Sands, Apollo Global Management, VICI, Mavericks, Dallas Morning News Locations: Dallas , Texas, Las Vegas, Vegas, Oakland, St ., Dallas, Vegas Sands, Texas
Three years ago, journalists at Sports Illustrated were worried that the venerable magazine’s new owners and operators were drastically lowering its standards. On Monday, the science and technology publication Futurism reported that Sports Illustrated had published product reviews under fake author names with fake author biographies. “If true, these practices violate everything we believe in about journalism,” the union representing Sports Illustrated journalists said in a statement after the report was published. “We deplore being associated with something so disrespectful to our readers.”The Arena Group, which publishes Sports Illustrated under a complicated management structure, blamed a vendor, AdVon Commerce, for the situation. Sports Illustrated licenses product reviews from AdVon, and AdVon assured the Arena Group that “all of the articles in question were written and edited by humans,” said Rachael Fink, an Arena Group spokeswoman.
Persons: AdVon, , Rachael Fink, Organizations: Sports Illustrated, Sports, Group, AdVon Commerce, Arena Group
A lower court judge had blocked enforcement of the ban in certain situations on Aug. 4, but the order has been on hold while the state appeals to the Texas Supreme Court. Oral arguments in the case are set for 10 a.m. (1600 GMT) in Austin. She was told she could not have an abortion until fetal cardiac activity stopped or her condition became life-threatening. Other plaintiffs said they were forced to travel out of state for medically necessary abortions. Reporting By Brendan Pierson in New York, Editing by Alexia Garamfalvi and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
Persons: Shelby Tauber, Jessica Mangrum, Molly Duane, Amanda Zurawski, Zurawski, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: REUTERS, Shelby, Texas, Texas Supreme, Center for Reproductive Rights, Thomson Locations: Texas, Denton , Texas, Austin, Travis County , Texas, New York
Here are some of the main players and negotiating blocs involved in the COP28 conference starting Nov. 30 in Dubai. In climate negotiations, Beijing argues that wealthy developed countries like the United States, the biggest historical CO2 emitter, should move first and fastest in climate policy and finance. Despite having the world's second largest economy after the United States, China considers itself as a developing nation in the climate talks. But U.S. delegates will face pressure for climate finance after Washington pledged no new climate cash to the United Nations this year. AFRICAN GROUP OF NEGOTIATORSAfrican countries will be pushing at COP28 for climate finance and financial mechanisms to speed up green energy projects.
Persons: Rula, Kate Abnett, Katy Daigle, Josie Kao Organizations: Abu Dhabi Sustainability, REUTERS, UNITED, Washington, United Nations, EU, GROUP, Marshall, European Union, Thomson Locations: UAE, Abu Dhabi, Dubai . CHINA China, China, Beijing, United States, U.S, Union, United, United Kingdom, London, Brazil, South Africa, India, Saudi Arabia, CHINA, Kenya, Ethiopia, Senegal, Mozambique, Vanuatu, Costa Rica
CNN —Idaho asked the Supreme Court on Monday to allow its state abortion ban that imposes penalties on doctors who perform abortions to take full effect despite federal requirements for emergency room doctors. But a district court blocked the law in hospital emergency rooms that receive Medicare funding, holding that the state law interferes with a federal Medicare statute. The United States sued, claiming that a provision of a federal Medicare statue – the Emergency Medical Treatment and Labor Act (EMTALA) preempts Idaho’s law in emergency rooms. The federal law requires hospitals to provide stabilizing care to emergency room patients regardless of their ability to pay. Now the state, represented by a conservative legal group that opposes abortion, is asking the Supreme Court to step in on an emergency basis to put the district court ruling on hold while appeals play out.
Persons: , preempts, Lynn Winmill, , Dobbs, Erin Hawley, Alliance Defending Freedom, EMTALA Organizations: CNN, Idaho, Idaho’s Defense, United, Labor, Court, of, Alliance Defending Locations: Idaho, United States, of Idaho, Idaho’s, , Texas
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