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☆ Trump’s Loss of Loyalty
▼ + stars: | 2023-10-24 | by ( Susan Milligan | ) www.usnews.com time to read: +7 min

But for Trump, Ellis' plea was especially damaging, since it underscored the steady evaporation of something Trump has demanded from staff and associates since his days as a New York businessman: loyalty. "If I knew then what I know now, I would have declined to represent Donald Trump in these post-election challenges. The three former Trump lawyers who pleaded guilty in Georgia were facing some serious potential consequences, he noted, including not just time behind bars but the loss of their law licenses – and that may take priority over honoring Trump's demands for loyalty. "This is not about Donald Trump vs. Michael Cohen," Cohen said as he entered the New York courtroom. You saw Donald Trump try to walk away from Sidney Powell – despite documentary evidence that he had called her his lawyer.

Persons: Donald Trump, Jenna Ellis, Ellis, Trump, Sidney Powell, Kenneth Chesebro, “, ”, Powell, Chesebro, David Becker, Becker, Republicans –, –, Tom Emmer, Joe Biden, Jim Jordan of, Jordan, Emmer, Trump's, Team Trump, Michael Cohen, Cohen, ” “, it’s, ” Trump, Mark Meadows, Meadows, Jack Smith, Smith, Norman Eisen, Sidney Powell –, That’s, Bunny, Amy Lee Copeland, Rouse, Copeland, ” Copeland Organizations: Trump, Donald Trump View, Election Innovation, Research, D.C, Hill, Republicans, Team, New, ABC News, ABC Locations: Georgia, New York, Georgia’s Fulton County, New York City, Washington, Minnesota, Jim Jordan of Ohio, Meadows, Savannah , Georgia

☆ How Indeed is using AI to better match employers and job seekers while keeping humans at the center of hiring
▼ + stars: | 2023-10-24 | by ( Sponsor Post | Created Indeed With Insider Studios | ) www.businessinsider.com time to read: +7 min

Embracing AI to create matchesThough AI has powered Indeed job searches from the very beginning, it's now matching employers and job seekers in new and exciting ways. When a job seeker views a posting, Indeed uses hundreds of millions of salary data points to estimate the pay for that job and helps the job seeker view how that pay matches their expectations. Indeed has spent the past two years building and fine-tuning an AI-powered job description generator that is incredibly simple and effective. Employers can specify pay, and our AI will compare that pay with local listings and job seeker preferences to recommend competitive pay ranges. This uses generative AI to automatically compose a personalized message to the job seeker, explaining why their job is right for them.

Persons: ChatGPT, Chris Hyams, it's, We're, we've, you'll, " Hyams Organizations: Insider Studios

ORLANDO, Fla. (AP) — The state of Florida is asking the U.S. Supreme Court to block lower court rulings that prohibit the enforcement of a new law targeting drag shows. Florida officials filed an application with the nation's highest court on Friday asking that the prohibition against enforcing the anti-drag show law only be limited to the Orlando, Florida, restaurant which challenged its constitutionality. Circuit Court of Appeals upheld a lower court’s granting of a preliminary injunction stopping the law from being enforced. The appeals court panel ruled against a request from Florida officials to limit the injunction to the Hamburger Mary's restaurant, saying that Florida officials hadn’t shown that the lower court erred by prohibiting the universal enforcement of the law. Political Cartoons View All 1218 ImagesHamburger Mary’s regularly hosts drag shows, including family-friendly performances on Sundays that children are invited to attend.

Persons: Hamburger, hadn’t, Ron DeSantis Organizations: U.S, Supreme, Circuit, Republican Gov Locations: ORLANDO, Fla, Florida, Orlando , Florida, U.S

☆ Op-ed: We cannot allow AI to make Big Tech even bigger, argues Steve Case
▼ + stars: | 2023-10-24 | by ( Steve Case | ) www.cnbc.com time to read: +6 min

Policymakers in Washington are now engaged in a wide range of discussions regarding how to prevent AI technology from spinning out of control. Rather than upending the old order, there's a real possibility in this case that disruption will help the big get bigger, with challengers struggling to gain any real traction. In short, AI shouldn't be a vehicle used to ensure that Silicon Valley-based Big Tech can extend its dominance. America has not always remained true to its embrace of bottom-up innovation — and the innovation economy has suffered as a result. This new technology should not be a wedge that further separates the tech world from the rest of America.

Persons: we're, we've, That's worrisome, Ma Bell, Steve Case Organizations: Big Tech, Brookings, America, Carolinas, D.C, Schumer's Locations: Washington, China, Silicon Valley, That's, Silicon, America, Arkansas, Sen

In particular, the judge cited provisions empowering officials to evaluate an applicant's “good moral character” and whether “good cause exists for the denial” of gun permits. The Supreme Court’s so-called Bruen decision, which struck down a New York gun law, was the high court’s first major gun decision in over a decade. Political Cartoons View All 1218 ImagesThe judge said he was staying the effect of his ruling until midnight Thursday to give the city time to appeal. Someone may be deemed to have good moral character by one person, yet a very morally flawed character by another. Such unfettered discretion is hard, if not impossible, to reconcile with Bruen,” Cronan wrote.

Persons: “, ”, John P, Joseph Srour, Cronan, Srour, Amy Bellantoni, ” Cronan, Bruen Organizations: —, Supreme, New York Police Locations: New York, Manhattan, U.S, New York City, Srour

☆ Israel arms civilian security squads, fearing internal strife
▼ + stars: | 2023-10-22 | by ( Dan Williams | ) www.reuters.com time to read: +3 min

The last Gaza war in 2021 saw sometimes violent pro-Palestinian protests among the Arab citizens who make up 21% of Israel's population. Israeli police have arrested dozens of Arab citizens on suspicion of incitement and support for Hamas, based on social media posts. An additional measure has been the setting up of volunteer security squads to patrol the streets and back up police. Shabtai said security squads would be subordinate to police. "It is good that there will be a lot of security squads and force, but caution must be exercised with this," he said.

Persons: Ammar Awad, Israel's, Kobi Shabtai, Itamar Ben, Gvir, Shabtai, Ben, Eliezer Rosenbaum, Naella, Dan Williams, David Holmes Organizations: REUTERS, Rights, West Bank, Hamas, Thomson Locations: Old City, Jerusalem, Israel, Gaza, Lebanese, Haifa

☆ How toy and game companies are winning back their grown-up former customers
▼ + stars: | 2023-10-21 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

I’m almost embarrassed to share that Zoo Pals are paper plates that feature the bright, adorable faces of animals like pigs, turtles, ducks and whales. And I had an incentive to finish my plate so I could see my Zoo Pal’s face again. In August Hefty relaunched Zoo Pals after discontinuing the plates featuring animals nearly a decade ago. Hefty said one of the reasons it brought back Zoo Pals was "so our fans can relive their fondest childhood memories." Christopher Dilts/Bloomberg/Getty ImagesMattel Inc.’s American Girl doll line has also seen an influx of purchases made by kidults over the past few years, “and it continues to grow in popularity,” Jamie Cygielman, the president of American Girl, told CNN.

Persons: New York CNN —, I’m, —, Covid, Krystine Batcho, ”, Batcho, she’s, Gen, Juli Lennett, ” Lennett, Christopher Dilts, kidults, ” Jamie Cygielman, Cygielman, Z, Instagramers, @inbloombyemily, hasn’t, “, Lennett, ” Batcho Organizations: New, New York CNN, Zoo, CNN, Le Moyne College, Consumers, Lego, Bloomberg, Getty, Mattel Inc, American, Girl, Social Locations: New York, United States, Syracuse , New York, Chicago, American

Graphite is used in virtually all EV battery anodes, which is the negatively charged portion of a battery. Their announcement boosted China's exports in July as overseas buyers rushed to lock in supply, while the launch of the restrictions slashed exports in August-September. It also makes more than 90% of the final processed material for EV battery anodes. "We have been waiting for (China's) graphite exports to slow," said John Meyer at SP Angel. "Having overproduced synthetic graphite we reckon China is also keen to keep this material within China to meet rapid growth in EV battery demand."

Persons: Phil Noble, Tom Burkett, James Willoughby, Wood Mackenzie, Daisy Jennings, Gray, Willoughby, John Meyer, Polina Devitt, Amy Lv, Eric Onstad, Veronica Brown, Josie Kao Organizations: REUTERS, EV, Global Graphite Advisory, Companies, Benchmark Mineral Intelligence, SP, Thomson Locations: Manchester, Britain, BEIJING, China, Canada, Africa, Australia, Brazil, U.S, Wood, Japan, United States, South Korea, India

A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. The U.S. on Wednesday lifted most restrictions on Venezuela for six months for producing, selling and exporting oil to its chosen markets. But it is not expected to significantly boost Venezuela's deteriorated oil production or immediately lead to stronger exports. Venezuela can now receive direct payments for goods or services under the license issued by OFAC, which oversees American sanctions. PDVSA and Venezuela's oil ministry did not immediately reply to requests for comment.

Persons: Ivan Alvarado, PDVSA, Washington, Pedro Tellechea, Francisco Monaldi, Rice, Nicolas Maduro's, Monaldi, Maduro, Spain's, Joe Biden's, Marianna Parraga, Will Dunham, Marguerita Choy Organizations: REUTERS, Rights, U.S, Treasury's, Foreign Assets, Oil, OFAC, Washington, Chevron, Baker Institute, Venezuelan, Citgo Petroleum, Valero Energy, PBF Energy, India's Reliance Industries, Nayara Energy, Eni, Thomson Locations: Caracas, Venezuela, Venezuelan, U.S, Asia, PDVSA, United States, American, CHINA, EUROPE, China, India, PetroChina, Houston, Maduro, Washington

A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. The United States on Wednesday lifted for six months most restrictions on Venezuela for producing, selling and exporting oil to its chosen markets. Not all sanctions on PDVSA were lifted by the United States. Before sanctions, India and the United States were other top destinations. PDVSA and Venezuela's oil ministry did not immediately reply to requests for comment.

Persons: Ivan Alvarado, PDVSA, Francisco Monaldi, Rice, Nicolas Maduro's, Monaldi, Maduro, Spain's, Joe Biden's, Marianna Parraga, Will Dunham Organizations: REUTERS, Rights, U.S, Treasury's, Foreign Assets Control, Washington, Chevron, Baker Institute, Venezuelan, Citgo Petroleum, Valero Energy, PBF Energy, India's Reliance Industries, Nayara Energy, Italy's Eni, United, Thomson Locations: Caracas, Venezuela, Venezuelan, United States, U.S, Asia, PDVSA, American, CHINA, EUROPE, China, India, PetroChina, Maduro, Washington

REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsNEW YORK/CARACAS, Oct 19 (Reuters) - Venezuela's sovereign bonds rallied on Thursday, a day after the United States lifted its ban on secondary market trading of some of the country's eurobonds, with investors eyeing a debt restructuring on some $60 billion of defaulted debt. "Prices have almost doubled in the past 24 hours but are still well below the pre-sanctioned levels," said Edward Cowen, CEO of Winterbrook Capital, who has co-invested in a fund to buy Venezuelan debt. Cowen added that a return to Venezuela's regular weighting on global indexes like JPMorgan's would give the prices further support. "I think the market was caught by surprise as the ban on secondary trading of bonds was not expected to be removed this early in the negotiation," said Armando Armenta, senior economist for global economic research at AllianceBernstein. Small funds and investors outside the United States had looked to increase their exposure to Venezuelan bonds on the expectation of debt renegotiations.

Persons: Leonardo Fernandez Viloria, PDVSA, Edward Cowen, Cowen, Armando Armenta, Maria Corina Machado, Rodrigo Campos, Mayela, Marc Jones, Corina Rodriguez, Christina Fincher, Will Dunham Organizations: REUTERS, South, Winterbrook, U.S . Treasury Department, Petroleum, Venezuelan, U.S . State Department, Mayela Armas, Thomson Locations: Bolivar, Caracas, Venezuela, CARACAS, United States, South American, U.S, Venezuela's, Venezuelan, New York, London, Madrid

☆ Coinbase picks Ireland as its main EU regulatory hub as U.S. authorities go on the offensive
▼ + stars: | 2023-10-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

If and when it is approved, Coinbase will have a universal "MiCA license" in Ireland, which it can then use to "passport" its services into Germany, France, Italy, the Netherlands and other EU countries. The rules will allow crypto companies to use one license in one country to operate across all 27 EU member states. Currently, Coinbase has an electronic money institution license and virtual asset service provider registration in Ireland; a crypto license in Germany; and national registrations in other EU member states including Italy, the Netherlands and Spain. Paul Grewal, Coinbase's chief legal officer, said that progress has been "slower" than he'd like when it comes to achieving crypto regulation in the U.S. "We're now seeing in court cases real questions being asked about the U.S. approach to crypto regulation and in particular securities regulation," he said.

Persons: Coinbase, Nana Murugesan, we've, Murugesan, Paul Grewal, isn't, Grewal, CNBC's Arjun Kharpal — Organizations: Getty, European Union, CNBC, Central Bank of Ireland, EU, U.S . Securities, Exchange Commission, SEC Locations: Crypto, Dublin, Ireland, Germany, France, Italy, Netherlands, Spain, U.S, San Francisco, United States, Central, Northern, Western Europe, North America, Europe, headcount

☆ NYC Airbnb crackdown heats up: First property manager sues the short-term-rental giant under new rules
▼ + stars: | 2023-10-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

A property manager is suing their tenant for listing a rental on Airbnb citing the city's new rules. It's a test of how effective the strict licensing requirements are for short-term rentals in NYC. AdvertisementAdvertisementNew York City's new short-term-rental regulations are being put to the test, raising the question of whose job it is to enforce the crackdown. AdvertisementAdvertisementBut the property manager also blames Airbnb for letting the rental advertise on the platform in the first place. Licenses are a popular tool for regulations, as cities from Memphis to Montreal crack down on short-term rentals.

Persons: It's, —, They've, Airbnb, Michael A, Rosenberg, Pensabene, Brian Chesky Organizations: Service, Canvas, Apple, New Locations: New York City, New York County, Airbnb, Memphis, Montreal, Philadelphia, New York, Paris

☆ Exclusive: US easing Venezuela oil sanctions after election deal -official
▼ + stars: | 2023-10-18 | by ( Matt Spetalnick | ) www.reuters.com time to read: +4 min

Venezuela's President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. The U.S. imposed tough sanctions on Venezuela to punish President Nicolas Maduro's government following his 2018 re-election, which the U.S. and other Western governments rejected as a sham. Since 2019, U.S. sanctions have banned state-run oil company PDVSA from exporting to its chosen markets. The official warned, however, that U.S. decisions on relaxed sanctions would depend on Maduro complying with the latest agreement and working toward free and fair elections. Some opposition figures told Reuters on Monday they doubt Maduro's administration will follow through on the election pledges.

Persons: Nicolas Maduro, Ebrahim Raisi, Leonardo Fernandez Viloria, Joe Biden's, Nicolas Maduro's, Biden, Donald Trump's, We're, Maria Corina Machado, Maduro, Matt Spetalnick, Marianna Parraga, Mayela Armas, Josie Kao Organizations: REUTERS, Rights, Venezuelan, U.S . State Department, Reuters, U.S, EIA, Biden, Thomson Locations: Miraflores, Caracas, Venezuela, U.S, Maduro, Caribbean, OPEC, The U.S, Barbados, BARBADOS

☆ Why the post-earnings Morgan Stanley sell-off is an overreaction
▼ + stars: | 2023-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Meanwhile, Club name Morgan Stanley (MS) also reported a quarterly beat , even as EPS fell 6% year-over-year, to $1.38. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, G, Morgan Stanley, It's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Israel . West Texas, Treasury, Club, Procter, Gamble, Nvidia, Citi Locations: Iran, Israel, U.S, China

☆ Citi cuts Nvidia price target on U.S. chip export restrictions to China
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Citi maintained its buy rating on Nvidia but lowered its price target to $575 from $630. The bank's lowered outlook comes after the U.S. Department of Commerce announced new export restrictions Tuesday that would curb the sale of more advanced artificial intelligence chips to China. The move will restrict the export of Nvidia's A800 and H800 chips as the federal government attempts to further tighten last year's restrictions on AI chip exports. Malik lowered his full-year 2025 earnings per share by 0.3% to reflect lowered China exposure with Nvidia's GeForce RTX 4090 graphics cards. Morgan Stanley analyst Joseph Moore lowered his target by $30 to $600 on the back of the new export controls.

Persons: Atif Malik, Malik, Morgan Stanley, Joseph Moore, Moore, — CNBC's Michael Bloom Organizations: Citi, Nvidia, U.S . Department of Commerce, NVIDIA, federal, United Arab Locations: China, Saudi Arabia, United Arab Emirates, Vietnam

Political Cartoons View All 1211 ImagesThe first woman to be Italy's premier, Meloni "won out against Salvini and Berlusconi. Fears for Italy's democracy have proved to be “exaggerated,’’ said Franco, who noted that Italy's president serves as a guarantor of the republic's post-war constitution. Meloni contends the rulings support a long-held belief on the political right that Italy’s magistrates sympathize with the left. Since becoming premier, Meloni has topped surveys of eligible voters, hovering near 30% — compared to the 26% of votes her party garnered in the 2022 election. Currently, Italy's president asks someone likely able to command a parliamentary majority the task of forming a government.

Persons: Giorgia Meloni, —, Matteo Salvini, Silvio Berlusconi, Vladimir Putin, Meloni, Salvini, Berlusconi, Massimo Franco, ”, Tommaso Grossi, Ursula von der Leyen —, Joe Biden, ’ ’, Franco, it’s, ” Meloni, Von der Leyen, ″, Roberto Calderoli, Antonio Tajani, Tajani, Meloni’s, “, ″ Grossi, nostalgists, Benito Mussolini, Di Segni, Mussolini, Raf Casert Organizations: ROME, Union, European Commission, EU, Kyiv, Russia’s, Forza Italia, European Policy, White, Italian Rai, European Union, “, Union of Italian, Nazi, Associated Locations: Italy’s, Europe, Italy, Brussels, Rome, Hungary, Poland, Meloni, Ukraine, Lampedusa, Libyan, Tunisia, Italian, Israel, Nazi

☆ US easing Venezuela oil sanctions after election deal
▼ + stars: | 2023-10-18 | by ( Matt Spetalnick | ) www.reuters.com time to read: +2 min

Venezuela's President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsWASHINGTON, Oct 18 (Reuters) - The Biden administration on Wednesday broadly eased sanctions on Venezuela's oil and gas sector in response to a 2024 election deal reached between the Venezuelan government and the country's opposition. Treasury is prepared to amend or revoke the authorizations at any time if representatives of President Nicolas Maduro fail to follow through on their commitments in the deal with the opposition, it added. The changes include the issuance of a six-month general license for the oil and gas sector in Venezuela and another general license authorizing dealings with Minerven – the Venezuelan state-owned gold mining company. The frontrunner in an opposition primary scheduled for Sunday, Maria Corina Machado, is barred from office for 15 years as of June.

Persons: Nicolas Maduro, Ebrahim Raisi, Leonardo Fernandez Viloria, Biden, Minerven, Maria Corina Machado, Donald Trump, Maduro, Matt Spetalnick, Marianna Parraga, Mayela Armas, Vivian Sequera, Josie Kao, Lisa Shumaker Organizations: REUTERS, Rights, Venezuelan, U.S . Department of, Treasury, Treasury Department, U.S . State Department, Reuters, Washington, Biden, Thomson Locations: Miraflores, Caracas, Venezuela, Venezuelan, U.S

☆ Here are Wednesday's biggest analyst calls: Nvidia, Microsoft, Apple, Amazon, Arm, Meta, Ulta & more
▼ + stars: | 2023-10-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

KeyBanc initiates Arm Holdings as overweight Key said it sees "meaningful market share gains" for Arm. " Bank of America reiterates Microsoft as buy Bank of America said Microsoft remains a top pick heading into earnings next week. Deutsche Bank reiterates Ulta as buy Deutsche said despite softening beauty sales, Ulta remains "compelling." "After tripling its market share in China in the last decade, NetEase is emerging as a global video games content powerhouse by forming synergistic partnerships with gaming industry veterans globally that will likely drive a similar runway for its global market share." "As we had anticipated (although we thought it would come in January), ASML reset expectations for CY24 to flat revenue growth vs prior guide of 'growth.'"

Persons: Wedbush, Key, IoT, Raymond James, Brinker, FWRG, Jefferies, Ulta, Morgan Stanley, NetEase, Redburn, Guggenheim, Doug McMillon, Bank of America downgrades Sherwin, Williams, Sherwin, Ecolab, McDonald's Organizations: UBS, Apple, Citi, Nvidia, NVIDIA, Holdings, ARM, JPMorgan, Bank of America, Microsoft, Jefferies, Deutsche Bank, Deutsche, Avis Deutsche, Walmart, of America Locations: China, Europe, Japan, Dutch, ESTC, Brazil, underperform

Rolling back Trump-era sanctions, U.S. officials issued general licenses for Venezuela's oil, gas and mining sectors in response to a deal between Venezuelan President Nicolas Maduro and the county's opposition on the 2024 presidential election. SLOW RECOVERYThe sanctions relief authorizes the production, sale and export of Venezuela's crude and gas, while keeping a ban on business with Russia. Since the U.S. imposed secondary oil sanctions on Venezuela in 2020, PDVSA had been unable to fulfill its supply contracts to clients in regions from Europe to Asia. An individual authorization to Chevron Corp (CVX.N) allowed the return of Venezuela's crude to the United States this year. Area chart shows data from U.S. EIA showing Venezuela crude oil production.

Persons: Leonardo Fernandez Viloria, Francisco Monaldi, Rice University's, Nicolas Maduro, Joe Biden, Monaldi, PDVSA, Baker Hughes, Maduro, Marianna Parraga, Julia Symmes Cobb, David Gregorio, William Mallard Organizations: REUTERS, Rights, South, Rice University's Baker Institute ., Trump, Venezuelan, OPEC, U.S, Chevron Corp, U.S Chevron, Eni, EIA, Thomson Locations: Jusepin, Venezuela, South American, U.S, American, Russia, Iran, Europe, Asia, United States, Trinidad and Tobago, China, Caribbean

☆ Republicans are on the verge of electing a speaker who's never passed a bill during his 16 years in Congress
▼ + stars: | 2023-10-17 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

In that time, he's introduced 30 bills. According to Congress' online legislative tracker, Jordan's introduced just 30 bills in total throughout his time in office. As for amendments he's introduced regarding other members of Congress' legislation, the legislative tracker shows he's batting 1 for 17, amending a single bill in 2012 regarding renewable energy and biofuel. Though he's introduced very few bills while in office, Jordan's co-sponsored 949 pieces of legislation. Now, in October 2023, Jordan's on the verge of becoming speaker himself after House Majority Leader Steve Scalise dropped out of the race.

Persons: Jim Jordan, he's, —, Jordan's, Jordan, John Boehner, Steve Scalise, it's, Kevin McCarthy Organizations: Service, Republican, Politico Magazine Locations: Washington, DC's

☆ Canada targets Airbnb, others to ease rental shortage
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Susana Vera/File photo Acquire Licensing RightsOTTAWA, Oct 17 (Reuters) - Canada will take steps in the coming weeks to ease a rental-unit shortage exacerbated by Airbnb (ABNB.O) and other short-term rental platforms, Finance Minister Chrystia Freeland said on Tuesday. Freeland said the government is examining options to ensure more short-term rentals become available as long-term rentals. Cities around the United States are more closely regulating short-term rentals, including by requiring hosts to obtain licenses and pay registration fees. In that province, there are 28,000 daily active short-term rental listings, up 20% from a year ago. Freeland's comments come a day after the banking regulator Office of the Superintendent of Financial Institutions shelved some planned mortgage rules related to tighter regulatory limits on debt-service coverage.

Persons: Finance Chrystia Freeland, Susana Vera, Chrystia Freeland, Freeland, Airbnb, David Ljunggren, Nivedita Balu, Alistair Bell, Rod Nickel Organizations: Finance, IMF, World Bank, REUTERS, Rights OTTAWA, British Columbia, Thomson Locations: Marrakech, Morocco, Canada, United States, Florence, Italy, Byron, British, Freeland, Toronto, Vancouver, Montreal, Ottawa

In a pretrial court filing, James’ office estimated that Trump exaggerated his wealth by as much as $3.6 billion. They've also called accountants Donald Bender and Camron Harris, whose firms Trump hired to prepare his financial statements. A retired Deutsche Bank official testified the financial statements were key to Trump securing hundreds of millions of dollars in loans. Weisselberg acknowledged that information in Trump’s financial statements wasn’t always accurate, such as valuing his penthouse based on the wrong size. In a decision last month, Engoron resolved the lawsuit's top claim, ruling that Trump committed years of fraud by inflating the value of assets in his financial statements.

Persons: — Donald Trump, Michael Cohen, Cohen, I’m, ” Cohen, Judge Arthur Engoron, It's, Trump, Letitia James, James ’, James, Eric, Donald Trump Jr, —, Allen Weisselberg, Jeffrey McConney, Weisselberg, ”, maligning, Patrick Birney, Mark Hawthorn, They've, Donald Bender, Camron Harris, wasn’t, “, Engoron, he'll, She's Organizations: New, Twitter, Trump, New York, Trump Organization, WHO, Longtime Trump Organization, Democrat, Deutsche Bank, Mar Locations: New York, Lago, Doral, Miami , Florida, Chicago, New York City, Manhattan, Georgia, Washington, Florida, __, Sisak, x.com

☆ Microsoft closes $69 billion acquisition of Activision Blizzard after lengthy regulatory review
▼ + stars: | 2023-10-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

"Today we start the work to bring beloved Activision, Blizzard, and King franchises to Game Pass and other platforms," Microsoft Gaming CEO Phil Spencer said in a blog post . Microsoft has closed its $69 billion acquisition of video game publisher Activision Blizzard , according to a regulatory filing by the company Friday. Activision Blizzard CEO Bobby Kotick will stay on as CEO through the end of the year. Microsoft CEO Satya Nadella, who took the helm in 2014, is aiming to diversify the company's business beyond its core areas such as operating systems and productivity software. WATCH: Microsoft deal with Activision Blizzard set to clear final hurdle

Persons: Phil Spencer, Tony Hawk, It's, Bobby Kotick, Satya Nadella, pushback, Victoria Graham, Activision Blizzard Organizations: Activision, Blizzard, Microsoft, Markets Authority, Federal Trade Commission, European Commission, Markets, Economic, Activision Blizzard, Nintendo, Sony, Nvidia, San, U.S, Appeals, Circuit, Ubisoft, FTC Locations: U.S, San Francisco federal

☆ US allows Samsung, SK Hynix to keep getting US tools in China
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The authorization allows them to continue their Chinese chipmaking operations without the headache of applying for U.S. licenses to get new equipment, after new rules issued last October curbed Chinese chipmakers' access to the coveted tools. The October 2022 rules restricted shipments of advanced chips and chipmaking equipment to China as part of a U.S. bid to slow China's technological and military advances. Samsung Electronics makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi and 20% of its NAND flash chips in Dalian. The companies together controlled nearly 70% of the global DRAM market and 50% of the NAND flash market as of the end of June, data from TrendForce showed.

Persons: Florence Lo, Karen Freifeld, Chris Sanders, Alexandra Alper, Susan Heavey, Doina Chiacu, Jonathan Oatis Organizations: REUTERS, Rights, United, South Korea's SK Hynix, Samsung, U.S, Commerce Department, Taiwan Semiconductor Manufacturing, Samsung Electronics, SK Hynix, Thomson Locations: China, U.S, Nanjing, Xian, Wuxi, Dalian, TrendForce

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