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☆ Bruce Lehrmann: Accused rapist loses defamation case against TV network after judge finds truth to story
▼ + stars: | 2024-04-15 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +5 min

After meticulously studying the video, Lee concluded that Higgins had consumed 11 drinks, and was seen on camera to have stumbled. Lee said Lehrmann “knew she was drinking excessively.”Lee also accepted the evidence of a colleague who saw Lehrmann and Higgins engage in a passionate kiss at the bar, though both Lehrmann and Higgins had denied kissing. Higgins left Parliament House alone after a couple of hours and didn’t immediately file a case with police. Videos posted by journalists online Monday showed Lehrmann leaving court and declining to answer multiple questions shouted at him by reporters. Outside the court, Network Ten journalist Wilkinson told reporters she sincerely hoped the judgment “gives strength to women around the country.”

Persons: Australia CNN —, Brittany Higgins, Bruce Lehrmann, “ Mr Lehrmann, Miss Higgins, ”, Michael Lee, Higgins, Lehrmann, Lisa Wilkinson, Wilkinson, Lee, “ I’m, “, Mr Lehrmann, Don Arnold, ” Lee, Lehrmann “, Lehmann, Lee didn’t, Lee’s Organizations: Australia CNN, YouTube, Federal Court, CNN, Getty, House, Network Locations: Brisbane, Australia, Sydney, Lehrmann’s, Canberra

☆ In ‘Monkey Man,’ Dev Patel attempts to reclaim Hinduism for the underdog
▼ + stars: | 2024-04-15 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —“Monkey Man,” Dev Patel’s directorial debut action thriller that he also stars in, wrote and produced, opens with a tale familiar to Hindus around the world. This mythology is the foundation of “Monkey Man,” which hit theaters on April 5. In "Monkey Man," Kid plots revenge on the corrupt forces that raided his forest village and killed his mother. Dev Patel directed, wrote, produced and starred in the action thriller "Monkey Man," which is inspired by the Hindu legend of Hanuman. “Monkey Man,” then, is a warning about what can happen when people are oppressed and disempowered for too long.

Persons: ” Dev Patel’s, Hanuman, Patel himself, —, Patel, ” Patel, Kid, ’ ”, Rana Singh, Sikandar Kher, Baba Shakti, Makarand Deshpande, Rana, Sita, Sobhita, Rama, Ravana, Lord Rama, Sailaja Krishnamurti, ‘ What’s, ” Krishnamurti, “, Thrisha Mohan, Narendra Modi, Lord Ram, Imtiyaz Khan, ” Mohan, Baba Shakti —, ”, Krishnamurti, Mohan, Modi, it’s, wasn’t, Siddhant Adlakha, ” Adlakha, It’s, Amitabh Bachhan, Bruce Lee, Jackie Chan, Keanu Reeves, Hollywood’s, Hollywood’s “ John Wick ”, India’s underclasses, “ He’s, Dev Patel, Monica Schipper, hijras, Kid bungles, he’s, Baba, Shiva, Parvati, Bedatri D, Choudhury Organizations: CNN, SXSW, Universal Pictures, Queen’s University, Human Rights, Indian, Anadolu, Getty, Modi’s Bharatiya Janata Party, BJP, TIME, Alpha, Philadelphia Inquirer Locations: Yatana, India, Ayodhya, Hong Kong, Hollywood’s “, Kid’s

☆ Validation for Woman Who Said She Was Raped in Australia’s Parliament
▼ + stars: | 2024-04-15 | by ( Yan Zhuang | ) www.nytimes.com time to read: +1 min

When a young former government employee said on national television in 2021 that she had been sexually assaulted in Australia’s Parliament two years earlier, it shocked the nation and unleashed a wave of anger aimed at the country’s insular, male-dominated political establishment. The employee, Brittany Higgins accused her colleague Bruce Lehrmann of raping her when she was inebriated, and said that she felt pressure from the government at the time not to report the assault. She became a figurehead for a reckoning on women’s rights that ultimately contributed to the electoral ousting of Australia’s conservative national government. The proceedings did not take place in a criminal court, and the offense did not have to be proven beyond a reasonable doubt. Instead, the standard of proof was a balance of probabilities — a legal term meaning whether something is more likely than not to have occurred.

Persons: Brittany Higgins, Bruce Lehrmann, Lehrmann, Higgins

☆ Could Trump go to jail? Questions about Trump’s trial, answered
▼ + stars: | 2024-04-13 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +12 min

If Trump were sent to prison, would he still have his presidential Secret Service protecting him in jail? The judicial process is built around the idea that defendants are there to answer charges, and New York law requires that a defendant be present at trial. The felony charge here, which is the lowest level felony under New York law, is falsifying business records to further some other crime. His federal trial on classified documents is proceeding slowly in Miami. While Trump, under New York law, has a right to know their names, their identities will be kept from public view.

Persons: CNN —, Donald Trump’s, –, I’ve, Trump, Laura Coates, Coates, Watch Coates, David, Juan Merchan, Stormy Daniels, CNN’s, Daniels, Bruce, Karen McDougal, Trump’s fixer, Michael Cohen, Cohen, Attorney Alvin Bragg, Will, Francis, Elie Honig, Honig, SCOTUS, Mark Honig, He’s, Kathryn, Trump’s, It’s, hasn’t, Norman Eisen, ”, Scott, That’s, Frank Bowman, he’s, Bowman Organizations: CNN, Trump, Raleigh NC Daniels, Seattle Trump, National Enquirer, Playboy, of Justice, Manhattan, Attorney, New, University of Missouri, Prisons, White Locations: New York, Tokyo, York, Georgia, Seattle, Cupertino, Miami, Fulton County , Georgia, Philadelphia

☆ How the Columbia disaster changed the future of spaceflight
▼ + stars: | 2024-04-13 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

The CNN Original Series “Space Shuttle Columbia: The Final Flight” uncovers the events that ultimately led to disaster. The tragedy killed seven astronauts as the Columbia shuttle disintegrated upon its return to Earth on February 1, 2003, due to damage the vehicle sustained during launch. Changes at NASA were necessary, according to a formal investigation about the Columbia disaster published six months after the accident. Cultural changes: ‘Safety days,’ review boards and round tablesColumbia marked the second deadly mishap for the shuttle program after the space shuttle Challenger exploded during launch in January 1986. Following the Columbia disaster, NASA grounded its remaining fleet of three shuttles as the space agency sought to parse what went wrong.

Persons: ”, “, ” Wayne Hale, Rick D, Evelyn Husband, Bill Readdy, Bruce Weaver, Hale, ” Hale, Garrett Reisman, ” Reisman, Ilan Ramon, Reisman, —, NASA didn’t, SpaceX’s, Kevin Dietsch Organizations: CNN, Shuttle Columbia, Sunday, Columbia, SpaceX, NASA, Space Shuttle Columbia, Kennedy Space Center, Getty, Endeavour, Atlantis, International Space, Elon, Boeing, Columbia —, Challenger, International Space Station, Vigilance, ” Locations: Russia, AFP, California, Israel, Columbia

☆ China's policy to boost demand by $700 billion will have a 'bigger and bigger' impact, official says
▼ + stars: | 2024-04-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday. "We believe this work will achieve bigger and bigger results," he said in Mandarin, translated by CNBC. He noted that equipment upgrades account for 9% to 10% of total GDP. 'Strong' central government fiscal supportIn terms of fiscal funding for those upgrades, Zhao said the central government would provide "strong support." Part of the equipment upgrade and consumer trade-in policy also focuses on improving standards for the kinds of products that can be used.

Persons: That's, Zhao Chenxin, Goldman Sachs, Morgan Stanley, Zhao, Bruce Pang, Fu Jinling, Fu, Francoise Huang, We're, JLL's Pang, Shan Zhongde Organizations: Visual China, Getty, BEIJING, National Development, Reform Commission, CNBC, Analysts, People's Bank of, Allianz Trade, Ministry of Industry, Information Technology, Ministry of Housing, Ministry of Commerce, State Administration, Market, China's Ministry of Commerce, Industry, Global Locations: Qingzhou, Weifang City, Shandong Province, China, oversupply, Beijing, JLL, People's Bank of China

☆ Opinion: What we may never understand about O.J. Simpson
▼ + stars: | 2024-04-11 | by ( Gene | Opinion Gene Seymour | ) edition.cnn.com time to read: +13 min

Walter Iooss Jr./Sports Illustrated via Getty Images Simpson competes during a track event at the University of Southern California in 1967. Focus On Sport via Getty Images Simpson gets ice applied to his bandaged right foot from his wife Marguerite in 1967. Bettmann Archive/Getty Images Simpson poses with the Heisman Memorial Trophy after receiving the award in 1968. Bettmann Archive/Getty Images Simpson is brought down by another football player during the Hula Bowl in 1969. ABC Photo Archives/Disney General Entertainment Content via Getty Images Simpson acts in a scene from the 1978 film "Capricorn One."

Persons: Gene Seymour, Orenthal James Simpson, Gene Seymour Jeremy Freeman, we’ve, We’ll, Simpson, Jim Brown, Muhammad Ali, Bill Russell, “ I’m, acclimate, Simpson’s, Nicole Brown Simpson, Ronald Goldman, O.J, Bundy, Vince Bucci, Malcolm W, Emmons, Walter Iooss Jr, Marguerite, Arnelle, Tony Tomsic, Jason, Michael Ochs, Lola Falana, Richard Burton, Everett, George Gojkovich, Bruce Bennett, Jim Ringo, LeVar Burton, Gilda Radner, Jane Curtin, Joe Namath, Frank Gifford, Mickey Pfleger, Nicole, Adam, PhotoQuest, Vinnie Zuffante, Leslie Nielsen, George Kennedy, Al Cowlings, Ford Bronco, Simpson's, Ronald Lyle Goldman, Allen J, Simpon, Cowling, Ron Galella, Chris O'Meara, Robert Kardashian, Alvin Michelson, Kardashian, Barbara Alper, Johnnie Cochran , Jr, Myung J, Chun, Reuters Simpson, Wilfredo Lee, Colin Braley, Christy Prody, Frazer Harrison, Jason Bean, Brooke Keast, AP Simpson, Jeffrey T, Barnes, Brown, O.J . Simpson, Mark Fuhrman Organizations: The New York Times, Newsday, Entertainment, The Washington, CNN, University of Southern, LA Coliseum, Fame, Getty, Sporting, USC, Bettmann, UCLA, Buffalo Bills, USA, Michael Ochs Archives, New York Jets, NFL, ABC, Disney, Warner Bros, San Francisco 49ers, AP, United, Paramount, Everett, Ford, Los Angeles Times, Los Angeles Police, New York Daily News, Los Angeles Daily, AP Simpson, Reuters, Lovelock Correctional, Nevada Department of Corrections, Goldman, Los Angeles Police Department Locations: University of Southern California, San Francisco, O.J, Los Angeles, Simpson, AFP, Hollywood, California, Cowlings, Simpson's Brentwood , California, Tampa , Florida, Los, Surrey, England, Miami, Dade County, Lovelock , Nevada, Las Vegas, Lovelock, Nevada

☆ NFL Hall of Famer Bruce Smith talks Virginia casino venture
▼ + stars: | 2024-04-11 | 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 EmailNFL Hall of Famer Bruce Smith talks Virginia casino ventureHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: of Famer Bruce Smith, Brian Sullivan, “ Organizations: of Famer, CNBC Locations: Virginia

☆ JPMorgan drops its recession call for the first half and now sees a 55% chance of a soft landing for the global economy
▼ + stars: | 2024-04-09 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

JPMorgan scrapped its recession forecast for the first half of 2024 and now sees 55% odds of a soft landing. The bank sees a 30% chance that global expansion persists without major policy easing. AdvertisementJPMorgan has backed off from its recession forecast for the first half of 2024 and says it now sees a 55% chance of a "soft landing" for the global economy through late next year. Related storiesBut now, with upbeat data painting a rosier picture, the bank sees a 55% chance of a soft landing scenario extending through at least the end of next year. On the earnings side, corporates in developed markets surpassed expectations last year, with margins holding close to record highs, demonstrating surprisingly resilient profitability despite high policy rates.

Persons: —, Bruce Kasman, Joseph Lupton, Kasman, Lupton, Jamie Dimon, Dimon Organizations: JPMorgan, Service

☆ 'Curb Your Enthusiasm' ends with a perfect 'Seinfeld' send-up — here's what happened
▼ + stars: | 2024-04-08 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +6 min

The long-running show referenced the polarizing "Seinfeld" series finale in its ending. How did the 'Curb Your Enthusiasm' series finale end? This mirrors the structure of the "Seinfeld" series finale. Related storiesLarry tells Seinfeld that "this is how we should've ended the finale," referencing the widely hated "Seinfeld" finale. Jerry Seinfeld and Larry David in the series finale of "Curb Your Enthusiasm."

Persons: Larry David's, —, David, Larry, Earl Mack, Greg Kinnear, They're, Joe, Saverio Guerra, Irma, Tracey Ullman, Bruce Springsteen, Jerry, Jerry Seinfeld, George, Jason Alexander, Elaine, Julia Louis, Dreyfus, Kramer, Michael Richards, Seinfeld, Larry David, John Johnson, It's, Ken Tucker, who'd, Samuel Beckett, Tucker, Grantland Organizations: Service, HBO, New Yorker Locations: Atlanta, Massachusetts, —

☆ The men's college basketball Final Four teams earn $19.3 million in revenue. The women's teams earn 27% of that.
▼ + stars: | 2024-04-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Women's college basketball popularity is up, but their revenue still lags behind the men's teams. AdvertisementMany women's college basketball teams are setting records for attendance and could see a subsequent revenue boost from ticket, merchandise, and concession sales. Meanwhile, the NCAA sold the television rights to the men's basketball championship separately from the other sports. The deal for men's college basketball is worth more than $1.1 billion annually and also goes through 2032. AdvertisementThose watching for the disparity in revenue between the women's and men's college basketball teams to narrow may have to be patient.

Persons: —, University of Iowa's Caitlin Clark, Angel Reese, JuJu Watkins, University of Connecticut's Paige Bueckers, Nielsen, What's, Darron Cummings, Bruce B, Siegel, Greenspoon Marder, Caitlin Clarks, Reeses, Paige Bueckers, Steph Chambers Organizations: Service, NCAA Division, US Department of Education, NCAA, University of Connecticut, North, North Carolina State, South Carolina State University, North Carolina State University, University of Alabama, Purdue University —, Carolina State University —, University of South, University of South Carolina —, of Connecticut, Iowa State, University of Iowa's, University of Southern, University of, LSU, ESPN, North Carolina State's, Duke, Elite, LSU's, Iowa Hawkeyes, AP, Impact, Vanderbilt University, Hawkeyes, Associated Press Locations: North Carolina, South, University of South Carolina, Louisiana, North

☆ Opinion: ‘Monkey Man’ knocks James Bond out of the ring
▼ + stars: | 2024-04-06 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +8 min

“Monkey Man” is set in a semi-fictionalized Mumbai, replete with homelessness, crime and swooping, askew camera angles. Action movies — even relatively gritty ones without fanciful superhero CGI — require a bigger outlay for location and stunts. “Monkey Man” was plagued by production difficulties and financial struggles. Mindless s**t. I wanted to give it soul.” That’s an admirable sentiment — and one that isn’t just restricted to action movies. “Monkey Man” growls and spits and beats its chest and leaps you’re never quite sure where.

Persons: Noah Berlatsky, …, Dev, Jordan Peele’s, Noah Berlatsky Noah Berlatsky, Peele, Patel, Dev Patel, Rana, Sikandar Kher, gyrating, John Wick, Gordon, James Bond, Chris Hemsworth’s Tyler, slogs, Paul Atreides, Jordan Peele, Vianney Le Caer, —, Bruce Lee’s, Carl Franklin’s, Alice Wu’s, Jordan, didn’t, ”, We’re, there’s, “, Peele hadn’t, ” Patel, you’re Organizations: CNN, Universal Pictures, Everett, Marvel Cinematic, Netflix Locations: Chicago, Mumbai, East Asia, South Asia, Eastern Europe, London, White, Hollywood

☆ What's more important? AI or the election.
▼ + stars: | 2024-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're announcing the finalists for our business, tech, and innovation bracket. What's on deck:This story is available exclusively to Business Insider subscribers. If you're just catching up, a few weeks ago we identified eight of the biggest trends in business, tech, and innovation. And then there were two: the AI race vs the US presidential election. Dan Rosen, founder and partner, Commerce Ventures:Advertisement"As a fintech investor, AI strikes me as more important.

Persons: —, we're, Chelsea Jia Feng, Readers, Bruce K, Lee, Dan Rosen, Ira Allen, Tracy Albert, Wendy Craft, Elle, Dodd, Frank, Zach Blank, Nick DiGiovanni, Adam Jeffery, Ian MacNicol, David Einhorn, Jesse Cohn, Greg Coffey, Goldman Sachs, Brian Robinson, Nelson Peltz's, James Park, would've, Justin Sullivan, Marissa Mayer's, Enrique Munoz Torres, Elon Musk, Musk, Lukas Schulze, it's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Keebeck Wealth, Commerce Ventures, CNBC, NBCU, Getty, Elliott Management, Sohn, Street Journal, Disney, UCLA, Yahoo, LinkedIn, Elon, Apple, Ford, Workers, Advertising Research, NCAA Locations: Europe, California, New York, London

☆ 3 things rattling markets this week
▼ + stars: | 2024-04-04 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The S&P 500 tumbled the first two trading days of the new quarter and is down 0.8% for the week after paring back some of its losses on Wednesday. Some Fed officials revealed at the central bank’s policy meeting last month that they see fewer rate cuts than the three they forecast last December for 2024. Traders see a 63% expectation that the Fed cuts rates in June, a drop from more than 70% a week earlier, according to the CME FedWatch Tool. “With Middle East tensions on the rise, OPEC+ supply side measures have pushed crude oil volatility down,” BofA strategists wrote in a Wednesday report. “Adding to a complex backdrop, we now estimate that improving economic growth expectations have helped push global oil markets into a deficit.”The price of gold has also climbed this week.

Persons: New York CNN — Stocks, “, ”, Brent Schutte, Jerome Powell, •, Loretta Mester, Raphael Bostic, Brent, Michael Shvartsman, Gerald Shvartsman, Donald Trump’s, Matt Egan, “ Michael, ” Damian Williams, Bruce Garelick, ” Williams, ” Read, Joe Biden, Sean Lyngaas, China Nicholas Burns, Antony Blinken, Read Organizations: CNN Business, Bell, New York CNN —, Treasury, FactSet, Northwestern Mutual Wealth Management, Hawkish, San Francisco Fed, Stanford University, Wednesday, • Cleveland Fed, Atlanta Fed, CNBC, Traders, Organization of, Petroleum, West Texas, Brent, Bank of America, Trump Media, Trump Media & Technology Group, DWAC, Southern, of, Acquisition Corporation, “, Microsoft, US, Department of Homeland Security, CNN Locations: New York, OPEC, Florida, of New York, Washington, China

☆ Shvartsman brothers plead guilty to insider trading on Trump Media merger plans
▼ + stars: | 2024-04-03 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

"I've made a terrible mistake," Gerald Shvartsman, 46, told Judge Lewis Liman in Manhattan federal court as he pleaded guilty, according to the Associated Press. Michael Shvartsman, 53, and Gerald Shvartsman, who owns a furniture manufacturing company, are scheduled to be sentenced on July 17. Sentencing guidelines recommend that Gerald Shvartsman, who netted about $4.6 million in illegal trading profits, receive a prison term of between 33 and 41 months. Alan Futerfas, a lawyer for Michael Shvartsman, declined to comment on the guilty plea. A lawyer for Gerald Shvartsman did not immediately respond to a request for comment.

Persons: Donald Trump's, Michael Shvartsman, Gerald Shvartsman, DWAC, I've, Judge Lewis Liman, Bruce Garelick, Michael Shvartsman's, Liman, Damian Williams, Alan Futerfas Organizations: Trump Media & Technology Group, Trump Media, Associated Press, Rocket, Manhattan U.S Locations: Florida, New York, Manhattan, Michael Shvartsman's Miami

☆ ‘It felt so wrong’: Chumbawamba wants New Zealand politician to stop playing ‘Tubthumping’ at rallies
▼ + stars: | 2024-04-03 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +8 min

But those headlines were soon eclipsed by Chumbawamba publicly condemning Peters’ use of its song. “Everything that Peters stands for is counter to Chumbawamba’s world view,” the band’s founding member and former vocalist, Dunstan Bruce, told CNN. Chumbawamba, which broke up in 2012, has asked its former record company, Sony Music Publishing, to issue a cease-and-desist letter to New Zealand First. In response to CNN’s request for comment, New Zealand First Party President Julian Paul said the party had nothing further to add. “As we rise, the dirt will start all over again,” he said during a party convention in July, according to a transcript published by New Zealand First.

Persons: Winston Peters strode, Peters, ” Peters, Chumbawamba, Dunstan Bruce, Winston Peters, Hagen Hopkins, ” Chumbawamba, “ Tubthumping, ”, Bruce, “, Peter Dungate, ” It’s, Eminem, Vivek Ramaswamy, Donald Trump, Rihanna, Pharrell Williams, Bruce Springsteen, Nigel Farage, Hutton Supancic, Julian Paul, Emmanuel Heisbourg, Heisbourg, “ tubthumping, You’re, — Peters, ‘ Organizations: CNN, New Zealand First, Labour, New, National, ACT, New Zealand, General Motors, Sony Music Publishing, APRA, NZ, New Zealand’s National Party, rapper’s, Republican, Independence Party, UKIP, Southwest, SXSW UKIP, University of Montreal Locations: Palmerston, British, Nazi Germany, New, New Zealand

☆ Google just scored a big win in the AI talent war
▼ + stars: | 2024-04-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Some observers say it's a big win for Google to secure OpenAI's "secret weapon." Kilpatrick's move comes as Big Tech firms vie for top expertise in an AI talent war. The move shows the transfer window of AI expertise is firmly open as Big Tech companies battle it out to lure top AI talent. Google AI Studio lets developers integrate Gemini with APIs to create generative AI applications that are also known as "wrappers". Intel's senior AI developers community lead, Ryan Carson, wrote on X: "Things are movin' and shakin' in the AI industry.

Persons: OpenAI's, Logan Kilpatrick, —, OpenAI, he's, Mustafa Suleyman, Satya Nadella's, Bruce Monaco, Monaco, Kilpatrick, Ryan Carson, Logan, He's, Mark Zuckerberg, Google's, Sergey Brin, it's, Aravind Srinivas, who's Organizations: Google, Big Tech, Service, Studio, Microsoft, AI, Workers, Meta, Business Locations: OpenAI

☆ Two investors in Trump Media insider trading case plead guilty
▼ + stars: | 2024-04-03 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

The two brothers were arrested in June and charged with illegally trading on nonpublic knowledge of a shell company’s secret plan to buy Trump Media & Technology Group, the parent company of struggling social network Truth Social. Shares of the shell company, Digital World Acquisition Corporation, spiked after the blank-check company publicly announced an agreement to merge with Trump Media. Trump owns 78.8 million shares in Trump Media, a stake valued at about $4.1 billion. The defendants passed the secret information about the impending Trump Media deal to friends on. There was no allegation in the indictment that Trump himself had any involvement in the alleged insider trading scheme.

Persons: Michael Shvartsman, Gerald Shvartsman, Donald Trump’s, “ Michael, ” Damian Williams, Bruce Garelick, ” Williams, ”, Trump, Michael Shvartsman’s, Gerald Shvartsman’e, CNN’s Kara Scannell Organizations: New, New York CNN, Trump Media & Technology Group, DWAC, Trump Media, Southern, of, Acquisition Corporation, “, Truth, Trump, Digital Locations: New York, Florida, of New York, Las Vegas

☆ Two defendants in Trump Media insider trading case signal possible guilty pleas
▼ + stars: | 2024-04-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

A Florida venture capitalist and his brother moved Monday toward potential guilty pleas in an insider trading case connected to the merger that took Donald Trump's social media company public last week. A new court filing Monday revealed that a change of plea hearing for the brothers will be held Wednesday afternoon in U.S. District Court in Manhattan. Trump Media and Technology Group mentioned the case in a securities filing on Monday. As of late Monday, there was no change of plea hearing for him scheduled on the docket. They are accused of buying up DWAC stock based on nonpublic information that the shell company was considering a possible merger with Trump's social media company, Trump Media and Technology Group, which owns the Truth Social app.

Persons: Michael Shvartsman, Donald Trump's, Gerald Shvartsman, Alan Futerfas, Michael Shvartsman's, Futerfas, Donald Trump, Shvartsman, Gerald Shvartman, Roland Riopelle, Bruce Garelick, Garelick, Judge Lewis Liman, Gerald, DWAC Organizations: Manhattan Federal Court, Trump Media, Trump Organization, CNBC, Technology Group, TMTG, DOJ, Department of Justice, U.S, Attorney's, Trump Media's, Nasdaq, Corp, Rocket, Shvartsman Locations: Manhattan, New York City, U.S, Florida, New York, South Florida, Miami, DWAC

☆ Opinion: Two words that made Ramy Youssef’s ‘SNL’ monologue historic
▼ + stars: | 2024-03-31 | by ( Opinion Dean Obeidallah | ) edition.cnn.com time to read: +6 min

He told the audience about one friend, Brian, who’s locked in a messy divorce and asked Youssef to pray he’ll get custody of his beloved dog. He then mentioned another friend, Ahmed, who asked Youssef to pray for his family in Gaza, telling him: “They’re suffering. Please pray for them.”The comedian continued the joke: “So that night I go to pray, and my prayers are — complicated. Please.” Youssef continued, “And please free the hostages, all the hostages, please,” which also elicited applause. Youssef, though, has been undeterred, using his comedy for months to bring attention to the humanitarian catastrophe in Gaza.

Persons: Dean Obeidallah, Ramy Youssef, Kenan Thompson, Rami Malik, Youssef, Youssef —, —, “, ”, Brian, who’s, he’ll, Ahmed, I’ve, ” Youssef, Bojangles, Lenny Bruce, Richard Pryor, Jon Stewart, Melissa Barrera, VII, ” Jonathan Glazer, Susan Sarandon, Taylor Swift, Megyn Kelly, Swift, ‘, Let’s, ’, Benjamin Netanyahu’s, Joe Biden —, Israel —, Biden, ” Israel “ Organizations: CNN, Dean Obeidallah CNN, Globe, Hollywood Reporter, “, East Refugee, year’s, Gallup, Israel, UN Locations: Arab, New Jersey, Palestine, Gaza, ”, Palestinian, Hollywood, Brooklyn

☆ The home insurance market is crumbling. These owners are paying the price
▼ + stars: | 2024-03-29 | by ( Nathaniel Meyersohn | Anna Bahney | ) edition.cnn.com time to read: +9 min

Courtesy Victoria ZangaraIn the past, acquiring or keeping homeowners’ insurance didn’t present much of a problem. There was roughly a 10% to 12% increase in homeowners’ insurance costs last year in the United States, said Mark Friedlander, spokesperson for the Insurance Information Institute, a nonprofit industry association. Jim Watson/AFP/Getty ImagesHomeowners who have a mortgage are not able to go without homeowners insurance as their mortgage servicer will require an escrow account for insurance. Some 6 million homeowners chose to forgo homeowners insurance, according to a report from the Consumer Federation of America. They have lived in their home for 19 years and had a policy with Foremost Insurance, paying about $1,910 a year.

Persons: Alfredo Herrera, Herrera, Zangara, “, ”, ” Herrera, policyholders, Mark Friedlander, Neil Fernandes, Fernandes, David Swanson, Matthew Carletti, Jim Watson, Diana Troxell, Diana Wright Troxell, Bruce, ” CNN’s Ella Nilsen Organizations: New, New York CNN, Louisiana Citizens, ”, National Oceanic, Atmospheric Administration, Louisiana State University, Insurance Information Institute, Farmers Insurance, Farmers, AAA, CNN, Firefighters, Reuters, State, Citizens Property Insurance, JMP Securities, Getty, Homeowners, Consumer Federation of America, CFA, Social Security, Foremost Insurance, California FAIR, FAIR Locations: New York, New Orleans, City, Louisiana, New Orleans , Louisiana, America, United States, Santa Clarita , California, California, Florida, Sycamore, Whittier , California, AFP, Cottonwood , California, ‘

The decision scraps duties as high as 218% on Australian wine exports to China, its largest overseas market once worth more than 1 billion Australian dollars ($653 million). The Australian government said it welcomed Beijing’s decision “which comes at a critical time for the Australian wine industry.”“Since 2020, China’s duties on Australian wine effectively made it unviable for Australian producers to export bottled wine to that market,” the statement read. “There are a lot of people in the Australian wine industry who will be reaching out for a good glass of wine tonight and feeling a whole lot happier about their future,” Bruce Tyrrell, managing director of Tyrrell’s Wines in New South Wales, told CNN. Annual wine production hit its lowest point in more than 15 years during 2022-2023, Wine Australia said. Lee McLean, head of national association of grape and wine producers Australian Grape & Wine, said industry groups were working with the Australian government to “ensure a coordinated re-entry” into the market.

Persons: ”, “, that’s, ” Bruce Tyrrell, Lee McLean, ” McLean, Anthony Albanese’s, Albanese, Wang Yi, Penny Wong, Yang Hengjun, Wong Organizations: Sydney CNN, China’s Ministry of Commerce, Canberra, World Trade Organization, Tyrrell’s, CNN, Wine Australia, Global, Wine, China’s Foreign, Anthony Albanese’s Labor, China’s, Ministry, Australian Locations: Hong Kong, Sydney, China, Australia, Beijing, New South Wales, Wine Australia, United Kingdom, Europe, China’s

☆ The Baltimore bridge disaster may lead to the 'largest single marine insurance loss ever,' Lloyd's of London bosses say
▼ + stars: | 2024-03-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Read previewThe collapse of Baltimore's Francis Scott Key bridge could lead to the biggest losses in the history of marine insurance, the bosses of Lloyd's of London warned on Thursday. "The tragedy has the capacity to become the largest single marine insurance loss ever," the commercial insurance market's chairman Bruce Carnegie-Brown said in an interview with Reuters. Related stories"I would say it's certainly going to be one of the largest marine losses in history, of that there is little or no doubt," he said. Barclays analysts estimate that the disaster could lead to $3 billion in insurance claims, while Morningstar DBRS put the figure at $4 billion. AdvertisementBoth of those figures would surpass the $1.5 billion losses triggered by the Costa Concordia disaster.

Persons: —, Baltimore's Francis Scott Key, Bruce Carnegie, Brown, John Neal, Neal, Dali, Morningstar DBRS Organizations: Service, Reuters, Business, BBC Radio, Maersk, Barclays Locations: London, Costa Concordia, Italy

☆ Baltimore disaster may be the largest-ever marine insurance payout, Lloyd's boss says
▼ + stars: | 2024-03-28 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Baltimore City Fire Boat 2 floats past the Dali container vessel after it struck the Francis Scott Key Bridge that collapsed into the Patapsco River in Baltimore, Maryland, U.S., on Tuesday, March 26, 2024. The collapse of a major Baltimore bridge and its knock-on effects could result in the biggest-ever marine insurance payout, the chair of insurance giant Lloyd's of London said on Thursday. I don't at this point anticipate that it's outside our realistic disaster scenario planning. It feels like a a very substantial loss, potentially the largest-ever marine insured loss, but not outside parameters that we plan for." Carnegie-Brown added that, while there would clearly be claims for the ship, cargo and the bridge, it is "second-order impacts" that would become "substantial."

Persons: Francis Scott Key, Bruce Carnegie, Brown, CNBC's Organizations: Fire, Analysts, Carnegie Locations: Baltimore, Dali, Patapsco, Baltimore , Maryland, U.S, London

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Persons: Barack Obama, Joe Biden, Bill Clinton, Robert Byrd, George H.W . Bush, Bob Dole, John McCain, —, Biden, Obama, Clinton, Still, Dole, McCain, Seth Meyers, Donald Trump, Sen, Scott Reed, Reed, Mike Pence's, — McCain, Mark Salter, George W, Bush, Hillary Clinton, Salter, McCain's, Mindy Kaling, Jill Biden, Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo, Lea Michele, Annie Leibovitz, Harris, Jeffrey Katzenberg, Rufus Gifford, Chris Korge, Condé, Anna Wintour, Julie Chavez Rodriguez, DJ D, Stephen Colbert, Jeff Zients, Anita Dunn, Steve Ricchetti, Bruce Reed, Jen O'Malley Dillon, Mike Donilon, Ricchetti Organizations: West Virginia State Capitol, NBC, NBC News, Democratic, Radio City Music Hall, Biden, Biden Victory Fund, DJ, Affordable, Trump, he's Locations: Charleston , West Virginia, New York, New Hampshire

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