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☆ At Art Auctions Market Seeks Its Footing After Stumbling Sales and a Hack at Christie’s
▼ + stars: | 2024-05-12 | by ( Zachary Small | Julia Halperin | ) www.nytimes.com time to read: +1 min

Estimates are still soaring past the $20 million mark and canvases still bear the signatures of dependable ringers like Warhol, Basquiat and Picasso. A cyberattack at Christie’s brought down the company’s website on Thursday, and as of Sunday morning, Christie’s had not yet regained control of it, but promised the auctions would proceed, at least in person. (A place-holder website was set up allowing access to the digital catalogs, but did not allow online bidding.) With the site down and questions still unanswered about the fate of confidential data, analysts are uncertain about the impact on buyers and sellers. Over the next week, more than 1,700 works of modern and contemporary art are expected to be offered at the three major houses — Sotheby’s, Christie’s and Phillips — with an estimate of $1.2 billion to $1.8 billion.

Persons: Warhol, Basquiat, Picasso, Christie’s, Phillips Organizations: Christie’s Locations: Christie’s

☆ An early retiree explains the IRS rule he uses to withdraw $20,000 a year of his retirement money penalty-free even though he hasn't reached age 59 ½
▼ + stars: | 2024-05-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Courtesy of Eric CooperThe idea of early retirement didn't start to percolate until 2019. "That's when I found the Mr. Money Mustache website and this article that explained the simple math behind early retirement and the 4% rule." According to the 4% rule, which helps retirees determine how much they can spend without running out of money, Cooper had a big enough portfolio to stop working. Using Rule 72(t) to access his retirement money without penaltyWhen you contribute to retirement accounts like a 401(k) and IRA, you can start taking penalty-free withdrawals after age 59½. He rolled over $300,000 because that's about how much money he'll need for a $20,000 annual distribution each year until he's 59 ½.

Persons: Eric Cooper, Cooper, I'd, Cooper's, didn't, I've, It's, you've, That's Organizations: Business, Google, IRS Locations: percolate, Louisville

☆ FTX customers are getting a rare good deal. Here’s why some are still angry
▼ + stars: | 2024-05-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

And yet, for FTX customers, there’s an unavoidable twinge of resentment over what could have been. See here: If you had one bitcoin in an FTX account in mid-November of 2022, it was worth about $17,500. The bankruptcy managers tracked down all of FTX’s crypto and other holdings and hired an investment manager to sell them. The bull run inflated the value of FTX’s significant crypto holdings, leaving the estate with more than enough to pay back customers. Although FTX said it would have as much as $16 billion to disburse, customers and Uncle Sam get paid out first.

Persons: CNN Business ’, bitcoin, it’d, you’d, Tom Brady, John Ray III, Ray, they’ll, FTX, Uncle Sam, Sam Bankman, SBF, he’d, SBF’s, who’s, Fried Organizations: CNN Business, New York CNN —, Sequoia, Prosecutors Locations: New York, FTX, bitcoin, Bankman

☆ Video targeting Muslims faces India police probe as critics accuse Modi’s party of divisive election campaign
▼ + stars: | 2024-05-08 | by ( Rhea Mogul | ) edition.cnn.com time to read: +3 min

CNN —Police in southern India are investigating a senior leader of the country’s ruling Bharatiya Janata Party (BJP) over a campaign video targeting Muslims, as critics accuse Prime Minister Narendra Modi of running an increasingly divisive election. The party has long denied being anti-Islam but opposition politicians and prominent Muslims have warned that its leaders have been deploying openly divisive rhetoric to turbo-charge their campaign. The video was removed Wednesday after a request to X from India’s Election Commission to take it down. Modi’s speech ignited widespread anger among Muslim leaders and opposition politicians and calls for election authorities to investigate. BJP party spokespeople subsequently said Modi was talking about undocumented migrants.

Persons: Narendra Modi, Vijayendra, “, Rahul Gandhi, Critics, Manickam Tagore, ”, Modi’s, Modi, –, spokespeople, Rana Ayyub Organizations: CNN — Police, Bharatiya Janata Party, BJP, CNN, India’s, Times Locations: India, Karnataka, Congress, Rajasthan, Islam

☆ Amateur archaeologists found a mysterious 12-sided object from the Roman Empire that experts can't explain
▼ + stars: | 2024-05-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

An amateur archaeology group found a mysterious dodecahedron near an ancient Roman villa. Amateur archaeologists with the Norton Disney History and Archaeology Group have been excavating its remains, including a bathhouse, gatehouse, and ancient tiled mosaic floors for the last few years when they made a miraculous discovery. Though he'd never seen one in person, Rob Evershed, a member of the group, recognized the hollow, rounded object as a Roman dodecahedron. No one knows the purpose of the dodecahedronThe Norton Disney History and Archaeology Group on the day they discovered the dodecahedron. Dodecahedrons may have been custom-madeParker thinks it would've taken an expert to make the dodecahedron that the Norton Disney group found.

Persons: —, Richard Parker, Richard Watts, they've, Norton, we'd, Parker, he'd, Rob Evershed, Frances McIntosh, McIntosh, haven't, dodecahedrons Organizations: Service, Norton Disney, Group, BBC, Lincoln Museum, English Heritage, Washington Post Locations: London, Hertfordshire, England, England's Midlands, British, Britain, Roman, Belgium, Croatia, France, Germany, Great Britain, Hungary, Luxemburg, Netherlands, Switzerland, Italy, Spain, Africa, Turkey

☆ Watch out for these momentum losers that could underperform, Evercore ISI says
▼ + stars: | 2024-05-07 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A collection of so-called momentum misers are already seeing their 2024 earnings estimates revised downward and the stocks have few reasons that could drive them higher, according to Julian Emanuel, Evercore ISI managing director and head of equity, derivatives and quantitative strategy. Lowe's first-quarter results are due out on May 21, but 2024 earnings estimates have fallen 4.7% year to date, according to Evercore. LOW YTD mountain Lowe's stock. MicroStrategy also made the Evercore list. Still, its 2024 earnings estimates have been revised down by more than 116% since the year began.

Persons: Julian Emanuel, Emanuel, Russell, Lowe's, Morgan Stanley, Simeon Gutman, Gutman, MicroStrategy Organizations: ISI, Coterra Energy, Citigroup

The information for the following product(s) has been collected independently by Business Insider: Capital One Spark 1% Classic†, Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit Card, FNBO Business Edition® Secured Mastercard® Credit Card, Capital One Spark Cash Select for Excellent Credit†. Introduction to the Capital One Spark 1% ClassicThe Capital One Spark 1% Classic† credit card is designed for small business owners with fair credit who need a business credit card for company purchases, bookkeeping and tax preparation management. Capital One Spark 1% Classic OverviewThe Capital One Spark 1% Classic† could be considered the entry level card in Capital One's line of small business cards, which are all branded with Spark name. Spark vs. QuicksilverMany people online compared the Capital One Spark business cards to the consumer-targeted Capital One Quicksilver cards. Capital One Spark 1% Classic Frequently Asked QuestionsWhat are the main features of the Capital One Spark Classic card?

Persons: Cardholders, it's, cardholders, Redditors, Jason Steele Jason Steele, Jason, Miles, Guy, Read, Angela Fung Organizations: Business, Bank of America Business, Credit, Mastercard, Capital, Accounting, Business Management, Abacus, Travel Insurance, Quicksilver, Chevron, Conference, Credit Card Media, Finance Locations: One's, Xero, Chevron, Denver , Colorado

Spokespeople for Paramount, Redstone's National Amusements, the special committee and Skydance declined to comment. Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. Paramount Global shares jumped more than 12% on the news that Sony and Apollo submitted a letter formalizing its interest, earlier reported by The New York Times and Wall Street Journal. A $26 billion offer for Paramount Global values the company higher than the company's current $22 billion enterprise value. Redstone could also argue she's more comfortable with pushing forward at Paramount Global without a sale.

Persons: Skydance, hasn't, David Ellison's Skydance, Shari Redstone, It's, Redstone's, Bob Bakish Organizations: Paramount, Sony, Apollo, Skydance, RedBird Capital, KKR, Sony Pictures, Apollo Global Management, Paramount Global, The New York Times, Wall Street Journal, Hollywood, Matrix Asset Advisors, Aspen Sky Trust, Redstone Locations: Apollo

☆ Cartier tried to stop a man from buying $13,600 earrings for $13 after a website typo, but he got them anyway
▼ + stars: | 2024-05-02 | by ( Amanda Krause | ) www.businessinsider.com time to read: +3 min

Read previewRogelio Villarreal Jasso got extremely lucky when he found heavily discounted Cartier earrings online. On December 1, 2023, the Mexico native noticed an Instagram advertisement for gold-and-diamond Cartier earrings priced at 232 pesos, or about $13, he told Business Insider. AdvertisementThe Cartier earrings purchased by Rogelio Villarreal Jasso. After being contacted by the agency, Cartier seemingly took matters into its own hands and settled the issue by sending Jasso his order. "It is more important to be honorable than to have Cartier earrings," she wrote.

Persons: —, Rogelio Villarreal Jasso, Cartier, Jasso, Champagne, Lilly Téllez Organizations: Service, Business, Federal, The New York Times, The Times, Times Locations: Mexico, Cartier's Mexico

☆ Sony and Apollo offer $26 billion for Paramount: report
▼ + stars: | 2024-05-02 | by ( Paul Squire | Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

Sony and Apollo Global Management are reportedly bidding big for Paramount. AdvertisementSony and the private equity firm teamed up for an all-cash offer of $26 billion for Paramount Global, The Wall Street Journal reported on Thursday. Sony and Apollo's offer was nonbinding, according to the JournalApollo's bid comes after Paramount announced its CEO Bob Bakish was stepping down Monday. Apollo previously bid $11 billion for just Paramount's movie studio, the Wall Street Journal reported in March. Apollo partner Aaron Sobel co-signed the offer letter with Sony CEO Tony Vinciquerra, people familiar with the situation told the Journal.

Persons: Bob Bakish, They've, Hayley Cuccinello, Aaron Sobel, Tony Vinciquerra, Sobel, Lee Solomon, Shari Redstone hasn't Organizations: Sony, Apollo Global Management, Paramount, Paramount Global, Street, Skydance Media, RedBird Capital Partners, KKR, Apollo, Wall Street, Legendary Entertainment, Concord Music Group

☆ Saúl ‘Canelo’ Álvarez: Mexican boxer puts undisputed world title on the line against compatriot Jaime Munguía
▼ + stars: | 2024-05-01 | by ( Jonny Velasquez | Gonzalo Alvarado | ) edition.cnn.com time to read: +5 min

Álvarez is putting all four of his super middleweight belts on the line as he takes on Munguía. After the fight, Munguía said it would be an “honor” to fight his compatriot Álvarez, who is still one of the biggest names in boxing. Patrick T. Fallon/AFP/Getty ImagesThe Oscar De La Hoya factorFormer boxing great Oscar De La Hoya is Munguía’s promoter. “Let me give you exactly what happened, why he is so mad at me,” De La Hoya said. At age 20, the American became the youngest super middleweight title holder in the history of the sport.

Persons: Álvarez, Jaime Munguía, it’s, ” Álvarez, ”, Russian Dmitry Bivol, Julio César Chávez, “, Katelyn Mulcahy, John Ryder, Munguía, Charlo, Dmitry Bivol, Patrick T, Fallon, De, Oscar De La, Eddie Hearn, I’ve, Hearn, De La Hoya, FightHype, ” De, ” De La Hoya, Eddie Reynosa, Ryder, Hector Vivas, David Benavidez, Floyd Mayweather Jr, ” Mayweather Jr, Español Organizations: CNN, Cinco de Mayo, WBC, WBA, WBO, IBF, Beverly Hills Hotel, Getty, Briton, Mobile, Boxing YouTube, De La, De La Hoya, Munguía, boxing’s Locations: France, Puebla, Las Vegas, Russian, Beverly, Tijuana , Mexico, Las Vegas , Nevada, AFP, Hoya, De La Hoya, Oscar De La Hoya, ”, ” De La, American

☆ Election Updates: Trump campaigns in battleground states for the first time since his trial began.
▼ + stars: | 2024-05-01 | by ( Chris Cameron | ) www.nytimes.com time to read: +6 min

The Louisiana secretary of state has ordered that the congressional map be finalized by May 15. Even so, they said, it was evident that creating a second district with a majority of Black voters was lawmakers’ overarching objective. But in the map drawn by the Republican-controlled Legislature, only one of the six congressional districts had a majority Black population. The ruling reaffirmed the Voting Rights Act of 1965, which had been diminished over the years by the court’s conservative majority. Critics of Tuesday’s ruling argued that the repercussions in Louisiana could extend beyond a single election, or even partisan divisions.

Persons: ”, Critics, Eric H, Holder Jr, Liz Murrill, “ I’ve, ’, David C, Joseph, Robert R, “, Carl E, Stewart, —, Tuesday’s, Ashley Shelton, Ms, Shelton Organizations: Black, U.S . Constitution, National Democratic, Republican, U.S, Supreme, . Constitution, State Legislature, Lawmakers, U.S ., Appeals, Fifth Circuit, American, Western, Western District of, Louisiana Legislature, voters, Power Coalition for Equity, Justice Locations: Louisiana, U.S ., ., Baton Rouge, Shreveport, Western District, Western District of Louisiana, Black, U.S

☆ My $500,000 Home Renovation Turned Into a Real-Estate Nightmare
▼ + stars: | 2024-05-01 | by ( Christine Chitnis | ) www.businessinsider.com time to read: +13 min

What was supposed to be a yearlong $140,000 renovation ballooned into three excruciating years that cost us more than $500,000 — and the work is still not finished. But as my husband and I soon discovered, unless you've made a plan, legal protections for homeowners are close to nonexistent. Every time our contractor turned up the temperature, we grimly adjusted to the reality of our demise. Knowing the cardinal rule of home renovation — never pay in full until the job is over and inspected — we grew suspicious. Despite completing several home-improvement and renovation projects with her husband over the years, she lacked the confidence to DIY the renovation of her newly purchased 6,500-square-foot home.

Persons: Arcadis, you've, Christine Chitnis, wasn't, It's, We've, Amanda Jane Jones, Jones, David Jensen, Greenberg Traurig, He'd, Jensen, Lisa DiAntonio, DiAntonio, hadn't, what's, Condé Organizations: Homeowners, Harvard's, for Housing Studies, Department of Business, American Institute of Architects, Vogue, The New York Times Locations: Rhode Island, North America, Northern Michigan, Michigan, Utah, New Jersey, Andover , Massachusetts

☆ American Express CEO explains how the company is attracting younger consumers
▼ + stars: | 2024-04-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday how the company attracted more Millennial and Gen Z customers, saying the cohort made up 60% of new card acquisitions during the last quarter. Squeri said American Express realized that attracting younger clientele was a "key thing" for the company, so it was important to offer cards with a high enough value proposition for that group. Younger card holders create a greater "lifetime value" than older ones, as they will continue to use their American Express cards as they age, he added. "We used to go after them with a no-fee card, but a no-fee card didn't have a lot of benefits—that's why you pay no fee for it," Squeri said of Millennials and Gen Z. The younger customer base is also growing because more merchants accept American Express cards than in previous years, Squeri added.

Persons: Steve Squeri, CNBC's Jim Cramer, Squeri, Millennials, who's, Amex Organizations: American Express

☆ Woman was denied top-secret US security clearance for being a close relative of dictator
▼ + stars: | 2024-04-30 | by ( Haley Britzky | ) edition.cnn.com time to read: +6 min

CNN —An unnamed woman was denied a top-secret security clearance this year due to being a “close” relative of an authoritarian dictator of an unnamed country, according to a publicly available document from the Defense Department’s Office of Hearings and Appeals. The judge said that Country X “supports international terrorism, and it conducts cyberattacks and espionage against the United States.”“Applicant was born a citizen of Country X,” the record says. “A close family member (cousin, aunt, uncle, niece, or nephew) is the dictator of Country X. Applicant’s parents and their children, including Applicant, immigrated to the United States in the 1990s when she was young. Administrative decisions on security clearance eligibility are regularly posted publicly by the Defense Office of Hearings and Appeals. “One thing people forget is it’s not like you get the keys to the kingdom,” Posard said of a secret clearance, which is the second lowest level security clearance available.

Persons: —, ”, “, ’, Edward Loughran, credibly, Loughran, Marek Posard, Kim Jong, ” Posard, ” Loughran, Posard, it’s, It’s Organizations: CNN, Defense Department’s, Defense, RAND Corporation, The Washington Locations: United States, American, Country, North Korea, DPRK, Cuba, Iran, Syria, The, Loughran

☆ Walmart heir Rob Walton is stepping down from the retailer's board after four decades
▼ + stars: | 2024-04-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Rob Walton, eldest son of Walmart founder Sam Walton, is stepping down from the company's board. He first joined Walmart in 1969 and has served on the board for more than 40 years. The company said Walton "helped shape some of the most important moments in Walmart history." AdvertisementRob Walton, eldest son of Walmart founder Sam Walton's three children, is stepping down from the company's board of directors in June. Even in retirement, Walton will have significant influence over Walmart through his co-ownership of Walton Enterprises, which is the largest holder of Walmart stock.

Persons: Rob Walton, Sam Walton, Walton, —, Sam Walton's, Sam, Greg Penner Organizations: Walmart, Service, Walton Enterprises, Bloomberg

☆ A 'buy bitcoin' sign flashed behind Janet Yellen during a 2017 hearing just sold for $1 million
▼ + stars: | 2024-04-25 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

A"Buy Bitcoin" sign held up behind Janet Yellen during a 2017 testimony just sold for over $1 million. Christian Langalis, a then-22-year-old intern who held the sign, decided to sell it to fund his crypto startup. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA sign with "Buy Bitcoin" written in all caps on cheap yellow legal pad that was held up behind Janet Yellen during a 2017 congressional hearing was just sold at auction for over $1 million. According to Bloomberg on Thursday, the "Buy Bitcoin" sign held by an intern during then-Federal Reserve Chair Janet Yellen's 2017 Congressional testimony went for $1.027 million at auction.

Persons: Janet Yellen, Christian Langalis, Bitcoin, —, Janet Yellen's, Yellen, CoinDesk Organizations: Service, Bloomberg, Federal, Libertarian, Cato Institute, Financial Services Locations: City

☆ Gold prices have another 29% upside as China's central bank continues its buying spree, famed economist says
▼ + stars: | 2024-04-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Gold prices are set to continue their record bull run to $3,000 per ounce, according to David Rosenberg. Rosenberg highlighted a buying spree from China's central bank as one reason why prices will rise. AdvertisementFamed economist David Rosenberg is feeling good about where gold prices are headed. But its share of gold reserves is tiny compared to other central banks, with the global average being 13%. That means there could be plenty of runway left for China to keep adding to its gold reserves.

Persons: David Rosenberg, Rosenberg, —, it's Organizations: Federal, Service, Fed Locations: China

Ukraine’s Race to Hold the Line The days of lightning battlefield breakthroughs may be over. N Anti-tank ditch 1 2 Dragon’s teeth 1 mile 3 Trenches This defensive line in southern Ukraine runs a staggering 27 miles. 25 miles KHERSON N Anti-tank ditch 1 Dragon’s teeth 2 1 mile 3 Trenches This defensive line in southern Ukraine runs a staggering 27 miles. 10 miles Anti-tank ditch 1 Dragon’s teeth 2 3 Trenches 15 miles Ditches. 25 miles N 1 Anti-tank ditch 2 Dragon’s teeth 1 mile 3 Trenches This defensive line in southern Ukraine runs a staggering 27 miles.

Persons: Copernicus, Vyacheslav Madiyevskyy, Christopher G, Cavoli, Chasiv Yar, James Rands, Janes, Rands, ” Organizations: U.S . House, Analysts, Infantry, Reuters, LUHANSK UKRAINE New, Institute for, American, Pentagon, Kurakhove, Defenses, “ Locations: Russia, Ukraine, Ukrainian, KHERSON, Wiesbaden, Germany, Kherson, Zaporizhia, LUHANSK UKRAINE, DONETSK ZAPORIZHIA, Russia KHERSON CRIMEA, ZAPORIZHIA, Russia KHERSON, CRIMEA, Avdiivka, Europe, Marinka, UKRAINE, London, “ Ukraine

☆ London Marathon 2024: Peres Jepchirchir wins London Marathon women’s elite race and breaks women’s-only world record
▼ + stars: | 2024-04-21 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —It was billed as a race that would be harder to win than the Olympic marathon gold in Paris and the London Marathon’s elite women’s race did not disappoint as reigning Olympic champion Peres Jepchirchir won a hugely competitive race and set a new women’s-only world record. The field had a clutch of runners who were capable of breaking the record but it was Jepchirchir who made history, finishing ahead of Ethiopia’s world record holder Tigst Assefa in a sprint finish. I was not expecting to run a world record. I’m happy too to be in Paris for the Olympic marathon. Before the race a tribute was paid to world record holder and 2023 winner Kelvin Kiptum, who died in a traffic accident near his home in Kenya earlier this year.

Persons: Peres Jepchirchir, Mary Keitany, Jepchirchir, Tigst, Joyciline Jepkosgei, “, ” Jepchirchir, I’m, ” Alexander Mutiso Munyao, John Walton, Alexander Mutiso Munyao, Kenenisa Bekele, Emile Cairess, Kelvin Kiptum, Munyao, ”, Bekele, Marcel Hug, Catherine Debrunner Organizations: CNN, London, Olympic, Kenyan, BBC Sport Locations: Paris, jubilation, Kenya, ” Swiss

☆ Taylor Swift fans are 'Down Bad' for her new double album, smashing streaming records on Spotify and Apple Music
▼ + stars: | 2024-04-20 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Taylor Swift's latest album has broken records on Spotify, Apple Music, and Amazon Music. "The Tortured Poets Department" is the most-streamed album in a single day on Spotify and Amazon. Taylor Swift's latest album, "The Tortured Poets Department," smashed records on Spotify, Apple Music, and Amazon Music since its release at midnight on Friday. Both Spotify and Amazon Music declared it the most-streamed album on their respective platforms in a single day. The previous record holder was another Swift album, "Midnights," which amassed 184.6 million streams in a single day.

Persons: Taylor Swift's, Post Malone, Spotify's, —, Taylor, Swift Organizations: Spotify, Apple Music, Amazon, Department, Post, Service, Poets Department, Amazon Music

☆ Beijing half marathon winners stripped of medals after African trio let Chinese runner win
▼ + stars: | 2024-04-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —The top four finishers of the Beijing Half Marathon have been stripped of their medals after an investigation found three African runners deliberately slowed down near the finish line to let a Chinese competitor win, according to organizers. The three African runners were invited to join the race as pacemakers by Chinese sports company Xtep, which sponsored both He and the Beijing Half Marathon, according to the committee. But Xtep failed to note the trio as pacemakers to the race operator, Zhong’ao Lupao Beijing Sports Management company, the committee said. The committee disqualified the operator from hosting the Beijing Half Marathon and banned Xtep from sponsoring any more races this season. He is ranked 74th in the world in the men’s marathon by World Athletics and is expected to lead the way for Asian runners in the upcoming Paris 2024 Summer Olympics.

Persons: China’s, Jie, Kenya’s Willy Mnangat, gesturing, Robert Keter, Ethiopia’s, Xtep, Xtep “, ” Organizations: Hong Kong CNN, Beijing Sports Management, Marathon, World Athletics Locations: Hong Kong, Beijing, Kenya, China

☆ Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.
▼ + stars: | 2024-04-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

A major private student-loan company is leaving the servicing industry. But before that happens, a group of Democratic lawmakers want it to give some borrowers debt relief. On Wednesday, Sen. Elizabeth Warren led eight of her Democratic colleagues in sending a letter — first reviewed by Business Insider — to Navient's CEO David Yowan, requesting that the company cancel "decades-old predatory private student loans" using a consumer protection law established by the Federal Trade Commission. AdvertisementBut there might be an avenue to still get those borrowers debt cancellation. "Navient should stop making borrowers apply for relief and instead automatically cancel student debt using information the company already has about whether borrowers attended schools that would entitle them to relief," they wrote.

Persons: Sen, Elizabeth Warren, David Yowan, Navient, Warren, Holder Organizations: Service, Democratic, Business, Federal Trade Commission, Family Education, Education Department, Minnesota Attorney Locations: Minnesota, MOHELA, Navient

☆ Caitlin Clark: Here’s what she said after being selected at No. 1 in the WNBA draft
▼ + stars: | 2024-04-16 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —Few things in professional sports have ever been as certain as Caitlin Clark being selected as the No. That’s what I’m going to do. I’m going to be in there and be like, ‘Go make a layup.’ She’s going to make my life easy. “If you’re a women’s basketball fan or you’re not a women’s basketball fan, I encourage you to watch the show when it comes out,” Clark says. I think I’m just excited.

Persons: Caitlin Clark, –, Clark, “, ” Clark, ’ She’s, Cameron Brink, Angel Reese, Adam Hunger, ”, Clark Clark, they’re, It’s, Peyton Manning’s, Kamilla Cardoso, Kiki Rice, Brian Babineau, I’ve, it’s, hasn’t, Steph Chambers Organizations: CNN, Iowa Hawkeyes, NCAA Division, Indiana Fever, Boston, South, NCAA, ESPN, Peyton, Chicago Sky, UCLA Bruins, Clark, Getty, Fever, WNBA, Iowa, Phoenix Mercury, Pacers Locations: men’s, Boston, South Carolina, Los Angeles, New York, Peyton Manning’s Omaha, Phoenix Mercury . Iowa, Indianapolis

☆ Boston Marathon: How to watch and what you need to know ahead of this year’s race
▼ + stars: | 2024-04-15 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —The 128th edition of the Boston Marathon takes place on Monday with 30,000 runners from over 100 countries expected to participate. Here’s what you need to know ahead of this year’s race. How to watchThe men’s and women’s wheelchair divisions get the Boston Marathon underway, setting off at 9:02 a.m. and 9:05 a.m. Eastern Time. The elite men’s race begins at 9:37 a.m. Decorated Kenyan distance runner Hellen Obiri, who won her first major marathon in Boston last year, headlines the women’s race alongside former New York City Marathon champion Sharon Lokedi.

Persons: Evans Chebet, Robert Kipkoech Cheruiyot, Chebet, Eliud, Gabriel Geay, Hellen Obiri, Sharon Lokedi, Sara Hall, Des Linden, Keflezighi, Zdeno Chara, Rob Gronkowski Organizations: CNN, Boston Marathon, Patriots, ESPN2, Eurosport, New York, Marathon, London Marathon, Boston, Boston Bruins, Patriots ’ Locations: Hopkinton, Boston, Europe, FloSports, Australia, Tanzania, Massachusetts

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