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Divers scouring the wreckage of the superyacht that sank off the Sicilian coast have found the body of the last person missing from the luxury boat, believed to be the daughter of a British tech magnate. The body of Mike Lynch's 18-year-old daughter Hannah was discovered early Friday, the Italian Coast Guard said, according to the Associated Press news agency — the culmination of a challenging five-day rescue operation. One other body, of the ship’s cook Recaldo Thomas, was recovered shortly after the accident. The local prosecutor's office has launched an investigation, though no cause or possible suspects had been publicly identified. Italian prosecutors investigating the case have scheduled a news conference on Saturday.

Persons: Mike Lynch's, Hannah, Lynch, Recaldo Thomas, Morgan Stanley, Jonathan Bloomer, Judy Organizations: Italian Coast Guard, Associated Press, Palermo, Morgan, Morgan Stanley International, AFP, Getty Locations: British, United States, Sicily’s

☆ The maker of Mike Lynch's yacht says it took 16 minutes to sink and the crew should have had time to rescue passengers
▼ + stars: | 2024-08-23 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThe maker of Mike Lynch's superyacht, which sank off the coast of Sicily, said it was "absolutely stable" and that it never should have gone down. It went down in 16 minutes," Costantino told the Financial Times. Advertisement"The boat sank because it took on water," Costantino said. Advertisement"The water came in from [hatchways] left open," Costantino told FT. "There is no other possible explanation. Witnesses told BBC News they saw a waterspout — an uncommon weather phenomenon consisting of tornadolike wind and water — before the ship went down.

Persons: —, Mike Lynch's superyacht, Lynch, Hannah, Mike Lynch, Yui Mok, Giovanni Costantino, Costantino, Recaldo Thomas, Stephen Askins, MailOnline, Matthew Schanck, Schanck Organizations: Service, Business, Divers, Italian Coastguard, Italian Sea Group, Financial Times, BBC News Locations: Sicily, Palermo, Italy, London

☆ Only 15% of Gen Z regularly saves a portion of their paycheck—how to start saving more today
▼ + stars: | 2024-08-23 | by ( Jade Thomas | ) www.cnbc.com time to read: +1 min

Gen Z adults aren't saving their money. Only 15% of Gen Z regularly puts a portion of their paycheck into a savings account, according to a recent Bank of America survey. And just 1 in 5 Gen Zers are contributing to a retirement account. Gen Z is typically defined as those born between the years of 1997 and 2012. The good news: Gen Zers are still under 30, and have plenty of time to save money and develop smart financial habits.

Persons: Gen Z, Zers, Gen, it's, Douglas Boneparth, Winnie Sun, Sun, you've Organizations: of America, Sun Group Wealth Partners

☆ Bayesian yacht: Body believed to be that of tech entrepreneur Mike Lynch’s daughter found by divers searching sunken Sicily boat
▼ + stars: | 2024-08-23 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +2 min

After retrieving six bodies from the wreck over the past four days, Lynch’s is the final body being searched for by Italian authorities. The body of her father, Mike Lynch, was retrieved and identified on Thursday, an Italian interior ministry official told Reuters. Fifteen people were rescued on Monday and one body was recovered – thought to be that on the onboard chef Recaldo Thomas. Five days on, Italian authorities are still working to understand how the 56-meter (184-foot) yacht sank so quickly. “In just 60 seconds, you can see the ship disappear,” he told Italian outlet ANSA.

Persons: Hannah Lynch, Mike Lynch, –, Lynch’s, Recaldo Thomas, Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Chris Morvillo, Neda Morvillo, ” Organizations: Italy CNN, Reuters Locations: Porticello, Italy, Sicily, Italian, American, “

☆ Body of final person missing from sunken superyacht found off Sicily
▼ + stars: | 2024-08-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters leave Porticello harbor near Palermo, to resume research for a last missing person on August 23, 2024, four days after the British-flagged luxury yacht Bayesian sank. Divers on Friday found the body of the final person missing after a luxury yacht sank off the coast of northern Sicily, the Italian fire service said. Eighteen-year-old Hannah Lynch, daughter of British tech entrepreneur Mike Lynch, is the last person still unaccounted for, out of six people that went missing after the superyacht Bayesian sank suddenly during a violent storm in the early hours of Monday morning. Recaldo Thomas, a Canadian-Antiguan national who was working as a chef onboard, was confirmed dead earlier this week.

Persons: Hannah Lynch, Mike Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Clifford Chance, Chris Morvillo, Neda Morvillo, Recaldo Thomas, Angela Bacares Organizations: Italian Corps, Firefighters Locations: Porticello, Palermo, British, Sicily, Canadian

☆ What to Know About the Business Execs With Mike Lynch on His Yacht
▼ + stars: | 2024-08-23 | by ( Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

The corporate world reeled this week after a superyacht carrying the British software mogul Mike Lynch, his family and associates and others sank on Monday during a violent storm off the coast of Sicily. Of the 22 people on the yacht, 15 were rescued and seven bodies were recovered, including that of Mr. Lynch, an official in the Italian city of Palermo confirmed. The bodies of two other prominent business figures — Christopher J. Morvillo, a top white-collar defense lawyer, and Jonathan Bloomer, the chairman of Morgan Stanley International — were among those recovered. Others who were missing but whose bodies have now been recovered are Hannah Lynch, Mr. Lynch’s 18-year-old daughter; Mr. Morvillo’s wife, Neda Morvillo; and Mr. Bloomer’s wife, Judy Bloomer. Image Christopher J. Morvillo in New York in 2011. Credit... Scott Eells/BloombergChristopher MorvilloMr. Morvillo, 59, was a partner at Clifford Chance, the international law firm.

Persons: Mike Lynch, Mr, Lynch, — Christopher J, Jonathan Bloomer, Morgan Stanley, —, Hannah Lynch, Lynch’s, Morvillo’s, Neda, Bloomer’s, Judy Bloomer, Recaldo Thomas, Christopher J, Morvillo, Scott Eells, Bloomberg Christopher Morvillo Mr, Clifford Chance, Robert, Martha Stewart Organizations: Morgan, Bloomberg Locations: British, Sicily, Italian, Palermo, New York

The next day, three minutes before shots were fired toward Trump, local police radioed that a man was on a nearby roof. That warning never made it to the Secret Service, whose snipers didn’t know the would-be assassin was on the roof until shots rang out. “I can confirm that the Butler County ESU team made radios available to the Secret Service and that they were not utilized by the Secret Service,” Goldinger said in a statement. But the issue of how to directly communicate with local law enforcement remains unresolved. Evan Vucci/AP Secret Service agents rush the stage immediately after the shooting.

Persons: Donald Trump, didn’t, “, bro, ‘, “ We’re, Clay Higgins, Higgins, ”, Richard Goldinger, ” Goldinger, Goldinger, ” Higgins, Butler, ’, Gene J, Ronald Rowe, Thomas Crooks, Crooks, Trump, ” Sen, Chuck Grassley, ” Grassley, “ It’s, Jonathan Wackrow, Wackrow, Evan Vucci, Brendan McDermid, Reuters Trump, Anna Moneymaker, Rebecca Wright, CNN Trump, Will Lanzoni, they’ve, Rowe Organizations: CNN, Secret Service, Trump, Louisiana Republican, Fairgrounds, Butler, ESU, Secret, White House Communications Agency, Department of Defense, Iowa, Republican, Service, NSA, Reuters, Milwaukee Brat House, Republican National Convention, Reuters Police, AP, AP Trump, Pennsylvania, Department of Homeland Security, State Police Locations: Louisiana, Butler, Butler , Pennsylvania, Pa, Pennsylvania, Milwaukee

☆ DNA analysis of Jamestown burials reveals governor’s family scandal
▼ + stars: | 2024-08-23 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

Recently, DNA analysis of two skeletons from unmarked graves in a Jamestown church revealed that both people were related to West. That connection led researchers to documents proving that one of the men — Captain William West — was illegitimate, born to Thomas West’s spinster aunt, Elizabeth. An X-ray scan (left) of the spangled military sash fringed in silver (right) found in the grave of Captain William West. Jamestown Rediscovery Foundation (Preservation Virginia)Unmarked burials in colonial JamestownResearchers found four unmarked graves at Jamestown in 2014, in an Anglican church that the colonists used from about 1608 to 1616. MPI/Archive Photos/Getty ImagesWhile there wasn’t enough DNA to show immediate family ties, Wenman and Captain West both shared the haplogroup H10e.

Persons: Thomas West, Captain William West —, Thomas West’s, Elizabeth, Captain West, James Fort, ”, Christine Lee, Lee, Captain William West, Sir Ferdinando Wenman, —, Kari Bruwelheid, ” Bruwelheid, Éadaoin Harney, William West’s, ’, Ferdinando Wenman’s, ” Harney, West’s, Mary Blount, West “, West, Governor Thomas West, Ferdinando Wenman, Michael Lavin, ” Lavin, ” Mindy Weisberger Organizations: CNN, Jamestown Rediscovery, Preservation, University of Mississippi, spangled, Jamestown, Smithsonian National Museum of, Harvard University, MPI, Governor, Jamestown Rediscovery Foundation, Scientific Locations: Jamestown , Virginia, Jamestown, England, Preservation Virginia, Wenman, West, Washington ,, North America

☆ Secret Service employees put on administrative duties following Trump assassination attempt
▼ + stars: | 2024-08-23 | by ( Whitney Wild | Holmes Lybrand | ) edition.cnn.com time to read: +2 min

CNN —Multiple Secret Service personnel from the Pittsburgh Field Office and one member of Donald Trump’s security detail involved in the advance planning for Trump’s July 13 rally have been reassigned to administrative duties and ordered to work from home, a source familiar with the matter tells CNN. The Secret Service has been under immense pressure from lawmakers to discipline or fire those involved in the preparation for the rally. “This was a Secret Service failure,” Rowe told reporters during a news conference earlier this month – a clear shift in tone from when the agency previously pointed blame on locals for their failure to keep eyes on would-be Trump assassin Thomas Crooks that day. “That roof should have been covered.”“The U.S. Secret Service is committed to investigating the decisions and actions of personnel related to the event in Butler, Pennsylvania and the attempted assassination of former President Donald Trump. “The U.S. Secret Service holds our personnel to the highest professional standards, and any identified and substantiated violations of policy will be investigated by the Office of Professional Responsibility for potential disciplinary action.

Persons: Donald Trump’s, Ronald Rowe, ” Rowe, Thomas Crooks, Donald Trump, ” Anthony Guglielmi, “, CNN’s Zachary Cohen Organizations: CNN, Pittsburgh Field Office, Trump’s, Department of Homeland Security, Trump, The, Communications, U.S, Secret, Secret Service Locations: Butler , Pennsylvania

☆ Ahead of final campaign sprint, Black women leaders urge Harris to stay focused in the face of personal attacks
▼ + stars: | 2024-08-23 | by ( Eva Mckend | Arit John | ) edition.cnn.com time to read: +6 min

For many woman of color, particularly those who have run for office and been in the political spotlight, it’s a familiar challenge. In interviews and convention speeches, Black women leaders said the Harris campaign should continue to avoid engaging directly with personal attacks. This is another attempt by the media and the Harris campaign to deflect from Kamala Harris’ lack of having a complete policy agenda for the American people.”The Harris campaign has chosen not to engage. Gholar pointed to Harris’ campaign as an example. “She’s staying focused, she’s hitting back as needed, but she’s been extremely measured,” Stewart-Cousins said.

Persons: Kerry Washington, –, ”, Kamala Harris ’, ” Washington, Washington, Harris ’, Amara, Leela Ajagu, Harris, it’s, Val Demings, “, Michelle Obama, Donald Trump’s, Barack Obama wasn’t, ” Obama, Trump, “ Trump, Chris Sununu, ” Janiyah Thomas, “ Kamala Harris, they’ve, Jasmine Clark, ” A’shanti Gholar, Gholar, she’s, ” Gholar, ’ ” Andrea Stewart, Cousins, Shirley Chisholm, Hillary Clinton, “ She’s, ” Stewart, that’s Organizations: Chicago CNN, Democratic National Convention, Democratic, Florida US, Republican, ”, New, New Hampshire Republican, Union, Trump, CNN, New York Senate, New York Rep Locations: Florida, United States, New Hampshire, “ State, Georgia

☆ Mike Lynch, man once dubbed 'Britain's Bill Gates,' dies at age 59
▼ + stars: | 2024-08-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +9 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Dominic Lipinski | PA Images | Getty ImagesDuring the course of the trial, Lynch took the stand in his own defense. He became a key voice supporting the U.K. technology industry, backing key names like cybersecurity firm Darktrace and legal tech firm Luminance. Mike Lynch, founder of software firm Autonomy, at the company's headquarters in, Cambridge, U.K., Aug. 24, 2000. Bryn Colton | Hulton Archive | Getty Images"I keep rare breeds," Lynch told LeadersIn in a 2016 interview.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch, —, Angela Bacares —, Bacares, Hannah, Bill Gates, Graham Barclay, David Tabizel, Richard Gaunt, Thomas Bayes, Dominic Lipinski, Autonomy's, Stephen Chamberlain, Sushovan Hussain, Hussain, Thoma, Bryn, LeadersIn Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, CNBC, Sky News, Bancroft's, British Industry, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, HP, U.S, Packard, Prosecutors, Capital Management, Thoma Bravo, BBC, Council for Science, Technology, Forbes, East Anglian Times, The Times Locations: Sicily, U.S, Porticello, Palermo, Italy, Ilford, East London, Chelmsford, English, Essex, Woodford Green, London, Cambridge, Britain, Suffolk, Bryn Colton, England

☆ NFL Draft 2025 Big Board: Will Johnson, Abdul Carter lead Dane Brugler’s initial top 50
▼ + stars: | 2024-08-21 | by ( Dane Brugler | ) www.nytimes.com time to read: +46 min

Position CB CB/WR DT Edge LB OT QB RB S TE WR iOL Class Jr. R-Jr. R-So. Photo: Jonathan Bachman / Getty Images OT Jr. 11 Benjamin Morrison CB Notre Dame Height: 6-0 Weight: 186 Class: Jr. Photo: Tim Warner / Getty Images CB Sr. 42 Barrett Carter LB Clemson Height: 6-0 Weight: 234 Class: Sr. Photo: Kevin C. Cox / Getty Images WR Jr. 50 Drew Allar QB Penn State Height: 6-4 Weight: 230 Class: Jr. Photo: Joe Robbins / Icon Sportswire via Getty Images QB Jr.(Illustration: John Bradford / The Athletic; Photos of Carson Beck, Will Johnson and Travis Hunter: Rich von Biberstein / Icon Sportswire via Getty Images; Gregory Shamus, Ryan Kang / Getty Images)

Persons: Will, Johnson, “ can’t, Devon Witherspoon, Derek Stingley Jr, Sauce Gardner, Thomas Shea, Abdul Carter, LaVar Arrington, NaVorro Bowman, Micah Parsons, Carter, Tom Allen, Scott Taetsch, Travis Hunter, Hunter, Deion Sanders, Ron Chenoy, Jr, Mason Graham, Graham, NFL hasn’t, Quinnen Williams, Williams, Bailey, James Pearce Jr, Pearce, Pierce, —, Donald Page, Tetairoa McMillan, McMillan, Malik Nabers, Rome Odunze, Jedd Fisch, Noah Fifita, Ivan Pierre Aguirre, Luther Burden, Burden, Theo Wease, Brady Cook, Johnnie Izquierdo, Carson Beck, Beck, Stetson Bennett, Brock Bowers, Matt Ryan, Megan Briggs, Starks, Bo Nix, hasn’t, Jamal Adams, Kim Klement Neitzel, Will Campbell, Campbell, Jonathan Bachman, Benjamin Morrison, Morrison, Darryl, Morrison’s, Matt Cashore, Shavon Revel Jr, Revel, wasn’t, Scott W . Grau, Emery Jones Jr, Joe Alt, Blake Fisher, Troy Fautanu, Roger Rosengarten, Caedan Wallace, Jones, Jones wasn’t, Julio Aguilar, Williams hasn’t, Travon Walker, ”, Jeff Blake, Edge, Kelvin Banks Jr, Banks, Steve Sarkisian, Bijan Robinson, Jonathon Brooks, Xavier Worthy, Adonai Mitchell, Nick Tre . Smith, Tyleik Williams, Joseph Maiorana, Deone Walker, Walker, Joe Robbins, Shedeur Sanders, Sandersmania, Sanders, Eli, Manning, “, Sr, Nic Scourton Edge, Scourton, Jeff Brohm, Zach Bolinger, Harold Perkins Jr, Perkins, Brian Kelly, Blake Baker, Baker, who’s, David Rosenblum, Colston, McCarthy, Sherrone Moore, Aaron J, Thornton, Jonah Savaiinaea, Savaiinaea’s, Savaiinaea, Louis, Kevin Langley, Quinn Ewers, Ewers, Ewers wasn’t, Ron Jenkins, Conner Weigman, Weigman, Jimbo Fisher’s, Fisher, Bobby Petrino, Collin Klein, Mike Elko, Maria Lysaker, Jeanty, Chris Williams, Ersery, isn’t, Jason Mowry, JT Tuimoloau, Tuimoloau, Matthew Visinsky, Lander Barton, Barton, Morgan Scalley, Cody, Jackson, Lander, Chris Gardner, Patrick Payton, Payton, Jermaine Johnson, Jared, Isaiah Vazquez, Kenneth Grant, Grant wasn’t, Grant, Troy Taormina, Mansoor Delane, Dorian Strong, Rich Schultz, Maxwell Hairston, Andru Phillips, Kentucky’s, Phillips, Hairston, Carly Mackler, Egbuka, Stroud, Marvin Harrison Jr, Garrett Wilson, Chris Olave, Rick Osentoski, Denzel, Burke, Tim Heitman, Ollie Gordon II, Gordon, Barry Sanders, Brian Bahr, QB Drake Maye, Rich von Biberstein, Ayomanor, Henderson, Danny Stutsman, Stutsman, Lincoln Riley, Brent Venables, Landon Jackson, Preston Smith, Petre Thomas, Jalon Walker, it’s, Quay Walker, Nolan Smith, Perry McIntyre, Jahdae Barron, Barron, Barron doesn’t, Tim Warner, Barrett Carter, Kirby Smart, Dabo Swinney’s, Ken Ruinard, Isaiah Bond, Bond, Jalen Milroe, Kevin C, Cox, Walter Nolen, Nolen, Ole Miss, Jack Sawyer, Sawyer, Dylan Buell, Darrell Jackson Jr, Don Juan Moore, Sam Brown, Cam Ward, Damien Martinez, Brown, Ken Murray, Deion Burks, Burks, Evan Stewart WR, Stewart, Dillon Gabriel, Drew Allar, Allar, Sean Clifford, Allar’s, Will Levis, John Bradford, Will Johnson, Gregory Shamus, Ryan Kang Organizations: NFL, Edge, Will Johnson, Michigan, Wolverines, Detroit, Washington, USA, Abdul Carter Edge, Penn, Indiana, Nittany Lions, Parsons, FCS Jackson State, FBS, Stanford, School, UCLA, Getty, SEC, Arizona, Missouri, Tigers, Bulldogs, Oregon, LSU, Benjamin Morrison CB Notre Dame, Notre Dame, CB, Carolina, Louisburg College, Getty Images, Penn State, Baton, NC, Longhorns, Cass Tech High School, Buffs, Nic Scourton Edge Texas, College, Purdue, Boilermakers, Colston Loveland, St, Wildcats, College Football, Texas, Aggies, Kansas State, Ashton Jeanty, Boise State, Gophers, JT Tuimoloau Edge, Utes, Utah, Patrick Payton Edge, Miami Northwestern, Seminoles, Florida State, Mansoor Delane CB Virginia, Hokies, Virginia Tech, Giants, Buckeyes, Buckeye, Denzel Burke CB, Ollie Gordon II RB, Oklahoma State, Hampton RB, Appalachian State, ACC, Hampton, America, Alabama, Clemson, Tide, Ole Miss, Jack Sawyer Edge, Ohio State, Maryland, Terps, Miami, Hurricanes, West, Houston, Cougars, Sooners, — Penn State Locations: Michigan, Colorado, Servite, Calif, North Carolina, Tennessee, Georgia , Missouri , Texas, Rome, Arizona, Washington, Oklahoma, Georgia, Theo Wease , Missouri, Athens, USA, Louisiana, Alabama , Michigan, Oregon, Winston, Salem, East Carolina, Baton Rouge, Austin, Texas, Ohio, Columbus, Detroit, Alabama, Kentucky, Lexington, Dollaz, Colston Loveland TE, Gooding , Idaho, Loveland, Ann Arbor, American Samoa, Honolulu, College, Boise, Kansas City, JT Tuimoloau Edge Ohio, Utah, Patrick Payton Edge Florida, Miami, C.J, Fort Worth , Texas, Canada, Massachusetts, Notre Dame , Tennessee, Palo Alto, Lincoln Riley and Oklahoma, Alabama’s, But Texas, Jack Sawyer Edge Ohio, Florida, Savannah, Ga, West Virginia

☆ A judge who overturned a $72 million verdict against Boeing disclosed he bought and sold Boeing stock while hearing the case — but says his wife's IRA was to blame
▼ + stars: | 2024-08-21 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

Judge James Robart told Business Insider a bank that managed his wife's individual retirement account purchased Boeing stock in April 2023. He said as soon as he learned about it, he had the stocks sold; his financial disclosures said the shares were sold on two dates in May and June. Based on the prices that Boeing shares traded at on the days her IRA bought and sold the shares, at least one of the two sales was a money-loser, while the second could have been profitable. He and his family disposed of their Boeing shares more than a year before that decision. The amount of Boeing stock traded isn't much compared with Robart's total wealth.

Persons: —, Judge James Robart, Robart, it's, Clarence Thomas, Sonia Sotomayor's, Zunum, Bill Hodes, Gabe Roth, Roth, Charles Schwab, hasn't Organizations: Service, Boeing, Business, BI, Supreme, Street Journal Locations: Seattle

☆ Phil Donahue, talk show host pioneer and husband of Marlo Thomas, dies at 88
▼ + stars: | 2024-08-19 | by ( Deon J. Hampton | ) www.cnbc.com time to read: +3 min

"Groundbreaking TV talk show journalist Phil Donahue died Sunday night at home surrounded by his wife of 44 years Marlo Thomas, his sister, his children, grandchildren and his beloved golden retriever Charlie," said a statement from his family. At his peak, his nationally syndicated "The Phil Donahue Show" — later renamed to "Donahue" — was a ratings hit and precursor to similar shows by hosts Montel Williams and Jerry Springer. "His show debuted nationally, and the whole country came to know his personal brand of issue-driven straight talk," Winfrey said in 2002. "If there had been no Phil Donahue show, there would be no 'Oprah Winfrey' show. "Phil Donahue essentially started this company and began an entire industry in daytime syndication," Bob Turner, then president of Multimedia Entertainment, said in a statement to the Times in 1996 when Donahue announced his retirement.

Persons: Phil Donahue, —, he'd, Marlo Thomas, Donahue, Montel Williams, Jerry Springer, Oprah Winfrey, Winfrey, Madalyn Murray O'Hair, Bob Turner, Megyn Kelly, Jude Children's, Danny Thomas Organizations: New York Times, Multimedia Entertainment, Times, MSNBC, NBC News, Jude Children's Research, Notre Dame Locations: Dayton , Ohio

☆ Private jet flights are down 15% in two years as Covid-era demand wanes
▼ + stars: | 2024-08-16 | by ( Robert Frank | ) www.cnbc.com time to read: +7 min

Private jet flights fell 15% in the first half of the year compared with their peak in 2022, as the industry grapples with waning demand and a new competitive landscape for high-end travel. Despite a short boost from the Summer Olympics, with a record 713 private jet flights to Paris the last week of July, the private jet industry continues to lose altitude this travel season. Jet It, a large U.S. private jet operator, shut down last year after grounding its fleet of Phenom 300s, Gulfstream G150s and HondaJets. Private jet passengers who paid six figures for flights started facing delays and cancellations as operators couldn’t buy or lease planes fast enough. “Prices are about 20% higher than they were in 2019,” Private Jet Card Comparisons' Gollan said.

Persons: Washington's, J, David Ake, Robert Frank, Covid, Rob Wiesenthal, George Mattson, VistaJet, Thomas Flohr, Doug Gollan, ”, Jay Duckson, —, ‘, I’m, Gollan, Travis Kuhn, “ It’s, ” Gollan, Berkshire Hathaway, ” Kuhn, “ Organizations: Gulfstream, Washington's Reagan National Airport, Getty, Private, Summer, Argus International, Blade Air Mobility, Delta Air Lines, CNBC, Industry, Central Business Jets, Companies, Jefferies, Argus, Berkshire Locations: Arlington , Virginia, Paris, U.S, Covid, Argus, “

☆ Tropical Storm Ernesto nears hurricane strength as it skirts Puerto Rico, bringing concerns of floods and power outages
▼ + stars: | 2024-08-14 | by ( Elizabeth Wolfe | Robert Shackelford | ) edition.cnn.com time to read: +5 min

Its center was about 40 miles north of San Juan early Wednesday after passing over the Virgin Islands on Tuesday. Hurricane watches and tropical storm warnings are in effect for the Virgin Islands and the small Puerto Rican islands of Vieques and Culebra. And he entire island of Puerto Rico is also under a tropical storm warning. Tourists sit on La Pared beach as Tropical Storm Ernesto whips up surf near Luquillo, Puerto Rico, on Tuesday. “The people of Puerto Rico and the US Virgin Islands are no strangers to storms,” Rothenburg said.

Persons: Ernesto, Puerto Rico –, Thomas, John, Pedro Pierluisi, Hurricane Maria, Alejandro Granadillo, Juan Saca, Saca, Jaclyn Rothenberg, ” Rothenburg, “, ” Rothenberg, Mary Gilbert, CNN’s Ella Nilsen Organizations: CNN, Atlantic, National Hurricane Center, San Juan, Virgin, Puerto Rico, Virgin Islands, US, National Weather Service, Puerto Rico Gov, National Guard, Puerto Ricans, AP LUMA Energy, Federal Emergency Management Agency Locations: Puerto Rico, San, Puerto, Caribbean, Puerto Rican, Vieques, Culebra, St . Croix, St, Luquillo , Puerto Rico, Virgin, Bermuda, It’s, Hispaniola, Bahamas, US East Coast

☆ Jordan Chiles' stripped bronze is gymnastics' biggest controversy since the 2000 Sydney Olympics disaster
▼ + stars: | 2024-08-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kaetlyn-Liddy-Byline-Jm.Jpg | Kaetlyn Liddy | ) www.nbcnews.com time to read: +6 min

U.S. gymnast Jordan Chiles was stripped of her floor exercise bronze medal Sunday by the International Olympic Committee after a scoring inquiry was deemed invalid. Chiles is the only gymnast in history to be stripped of an Olympic medal for reasons other than age falsification or failed drug tests. The bronze medal debacle is the sport's most high-profile controversy since the 2000 Sydney Olympic Games, the site of the biggest scandal in Olympic gymnastics history. Jordan Chiles competes during the Women's Gymnastics Floor Routine final competition at the 2024 Paris Summer Olympics, at the Bercy Arena in Paris, on Aug. 5, 2024. The U.S. women's gymnastics team, which initially finished fourth in 2000, was awarded the bronze medal in 2010 after the Chinese team was disqualified.

Persons: Jordan Chiles, Chiles, Romania's Ana Bărbosu, Svetlana Khorkina, “ I’ve, ”, Kathy Kelly, Khorkina, Dmitry Lebedev, Andreea, Răducan, Simona Amânar, Raducan, Thomas Bach, Bach, ” Bach, Dong Fangxiao, Fangxiao's, Switzerland’s Fanny Smith, Germany’s Daniela Maier Organizations: International Olympic, Sport, Sydney Olympic Games, ESPN, Bercy, Kommersant, IOC, Swiss Federal Tribunal, Jordan, Beijing Winter Locations: Sydney, Paris, Soviet, Romania, Beijing, U.S

☆ Murdoch family battle highlights Nevada's secret trust boom
▼ + stars: | 2024-08-13 | by ( Robert Frank | ) www.nbcnews.com time to read: +6 min

The Murdoch family feud taking place in an obscure Nevada court highlights the state’s surging popularity as a global center of family trusts and a friendly home to the world’s biggest fortunes. The Western state’s fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. At the center of the Murdoch case is the Murdoch Family Trust, which holds the powerful voting shares in News Corp. and Fox Corp. that effectively control the companies. (The trust also contains the family farm in Australia, the Murdoch art collection and its Disney shares.) “Normally a family would have some ties in Nevada to establish trust, either living here or having real estate,” Tyrell said.

Persons: Murdoch, ”, Steven Oshins, ” Oshins, Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Rupert Murdoch, Lachlan, James, Elisabeth, Prudence, it’s, Rupert, Elyse Tyrell, Tyrell Law PLLC, Rupert Murdoch —, It’s, ” Tyrell, “ Organizations: IRS, Division, Trust, News Corp, Fox Corp, Disney, The New York Times, Street Journal, Fox, Henderson , Nevada . Trust Locations: Nevada, “ Nevada, South Dakota, Tennessee , Delaware, U.S, Australia, Henderson , Nevada

MANILA, Philippines — The Philippine government said Tuesday that it had filed a diplomatic protest against Beijing after Chinese jets flew dangerously close and fired a volley of flares in the path of a Philippine air force patrol plane over a disputed shoal in the South China Sea. The Southern Theater Command of the Chinese People’s Liberation Army said Saturday that a Philippine air force aircraft “illegally” entered the airspace above the shoal, which China claims, disrupting its combat training activities. The command sent jets and ships to identify, track and drive away the Philippine aircraft, it added. In 2013, China announced a new Air Defense Identification Zone over the East China Sea that covers a chain of disputed islands also claimed by Japan. Washington has repeatedly warned that it is obligated to defend the Philippines, its oldest treaty ally in Asia, if Filipino forces, ships and aircraft come under an armed attack, including in the South China Sea.

Persons: Romeo Brawner Jr, ” Brawner, Teresita Daza, Ferdinand Marcos Jr, ”, Jay Batongbacal, ” Batongbacal, Thomas Shoal Organizations: Philippine military’s, Scarborough, seaway, ” Department of Foreign Affairs, ”, China, Southern Theater Command, People’s Liberation Army, Philippine, U.S, Air Defense, East China, Institute for Maritime Affairs, Law, University of the, Washington Locations: MANILA, Philippines, Beijing, Philippine, South China, Manila, China, People’s Republic of China, United States, Australia, Canada, East, Japan, Washington, University of the Philippines, Brunei, Malaysia, Vietnam, Thailand, Scarborough, Asia

☆ Gen Z isn't lazy — it just needs training, HR experts say
▼ + stars: | 2024-08-13 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

We tend to wind ourselves up about differences among boomers, millennials, and Gen Zers — sorry, Gen X, forgot to include you — even though many of the distinctions are made up. AdvertisementIt's easy to point to young workers and say they're no good at their jobs because, of course, they're often not as experienced as those doing the criticizing. "Mentorship will be huge with this generation," Toothacre said. So, some young workers' desire to focus more on their mental health and well-being could rankle some older workers and fuel why-didn't-I-think-of-that resentments. We're seeing less of them prioritize work, especially if they're not treated well," she said.

Persons: —, Zers —, Gen X, they're, Julia Toothacre, Toothacre, Thomas Roulet, Roulet, Jon Veasey, It's, Gallup Organizations: Service, Business, Cambridge University, YouTube, KPMG, Workers

☆ Kamala Harris has the opportunity right now to define her economic policies, CEO says
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKamala Harris has the opportunity right now to define her economic policies, CEO saysSyga Thomas, CEO at Ensah Advisory Partners, says Vice President Kamala Harris needs to differentiate herself from President Joe Biden when it comes to her economic policies.

Persons: Kamala Harris, Syga Thomas, Joe Biden Organizations: Advisory Partners

☆ Murdoch family battle highlights Nevada’s secret trust boom
▼ + stars: | 2024-08-13 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The Murdoch family feud taking place in an obscure Nevada court highlights the state's surging popularity as a global center of family trusts and a friendly home to the world's biggest fortunes. The Western state's fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. Yet experts estimate the state likely has hundreds of billions of dollars in trust assets locked away in nondescript office buildings or trust companies, offering little to no visibility to the outside world. In the race among states to attract the hundreds of billions of dollar in new trust assets, Nevada has a comfortable lead. Perhaps its most powerful advantage, and the one with direct bearing on the Murdoch case, is trust flexibility.

Persons: Rupert Murdoch, Lachlan Murdoch, Drew Angerer, Robert Frank, Murdoch, Steven Oshins, Oshins, Thomas Piketty, Emmanuel Saez, Gabriel Zucman Organizations: News Corp, Fox News, Century Fox, Allen & Company Sun Valley Conference, Getty, IRS, Division Locations: Sun Valley , Idaho, Nevada, South Dakota, Tennessee , Delaware, U.S

Meanwhile, Mizuho raised its price target on Palo Alto Networks ahead of the company's upcoming earnings release. But Grambling shaved $4 off his price target to $47, though that still implies 57.5% upside from Monday's close. Long kept his price target unchanged at $97, which reflects just 1.8% in upside over Monday's closing price. Analyst Laurent Yoon downgraded the media stock to market perform from outperform and shaved $2 off his price target to $8. Analyst Gregg Moskowitz raised his price target on the cybersecurity stock to $380 from $350, maintaining his outperform rating.

Persons: Bernstein, Mizuho, Rollins, Wells Fargo, Jason Haas, Haas, — Alex Harring, Thomas Palmer, Palmer, Morgan Stanley, DraftKings, Stephen Grambling, Grambling, Alex Harring, Tim Long, Long, Dell, Damian Karas, Karas, " Karas, Warner, Laurent Yoon, Yoon, Discovery's Turner, Gregg Moskowitz, Moskowitz, Fred Imbert Organizations: CNBC, Warner Bros, Palo Alto Networks, Hormel Foods, Citi, Hormel, Planters, Grambling, DraftKings, Barclays, Dell, Nasdaq, UBS, Discovery, NBA, Discovery's Turner Sports, Mizuho Locations: Wells Fargo, Monday's, Southern, Grambling, Palo Alto

☆ Nearly 40 Years Later, a California Serial Killer Confesses to Another Murder
▼ + stars: | 2024-08-13 | by ( Orlando Mayorquín | ) www.nytimes.com time to read: +1 min

A convicted serial killer on California death row for murdering a dozen people in the 1980s and ’90s confessed to the 1986 murder of a 19-year-old woman in Los Angeles County, the police announced on Tuesday. William Lester Suff, 70, confessed in May 2022 to stabbing Cathy Small to death and dumping her body on a South Pasadena, Calif., cul-de-sac, where her body was discovered by police on Feb. 22, 1986, the Los Angeles County Sheriff’s Department announced at a news conference on Tuesday. Why the announcement came more than two years after the confession was not clear. Ms. Small’s body was found in the morning wearing a nightgown, and she died from multiple stab wounds and strangulation, Lt. Patricia Thomas said. Ms. Small’s body was identified three days later by a man who had read about the killing in the news and had called detectives to say he was concerned that the victim could be his roommate.

Persons: William Lester Suff, Cathy Small, Patricia Thomas Organizations: Los, Los Angeles County Sheriff’s Department Locations: California, Los Angeles County, South Pasadena, Calif, Los Angeles

☆ Many musicians have copyright gripes with Trump, but only some can win in the courts
▼ + stars: | 2024-08-13 | by ( Natalie Musumeci | Laura Italiano | ) www.businessinsider.com time to read: +8 min

"Each songwriter belongs to a single PRO, so the Trump campaign would have needed to secure a license from the appropriate PRO," Litman said. According to BMI, Trump's campaign has taken out a "political entities license" from BMI for his 2016, 2020, and 2024 campaigns. Advertisement"If no license was obtained, the copyright owners in the songs can sue Trump, and they would win," Litman said. Trump's campaign has used Hayes' music at the former president's rallies more than 100 times and as recently as Saturday, Walker said. Walker, a 30-year entertainment-copyright lawyer, said the Hayes family hired him "after getting no response" from the Trump campaign for two years.

Persons: —, Donald Trump, Celine Dion, Trump's, Isaac Hayes, Trump, Hayes, Isaac Hayes III, Jessica Litman, Litman, Jodie Thomas, Thomas, Rihanna, Elton John, Neil Young, Pharrell Williams, Eddy Grant, Grant, James Walker Jr, Walker, we've Organizations: Service, Business, Republican, University of Michigan, American Society of Composers, Publishers, Music Inc, ASCAP, BMI, Trump, BI, National Rifle Association Locations: Montana, Hayes, , Texas

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