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☆ Truth Social owner Trump Media sues two of its own co-founders, seeking to wipe out their shares
▼ + stars: | 2024-04-02 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

CNN —Trump Media & Technology Group, the Truth Social owner controlled by former President Donald Trump, recently filed a lawsuit against two of its co-founders seeking to eliminate their stakes in the multi-billion dollar company. The lawsuit marks the latest twist in the legal saga surrounding the quest to bring Trump Media and Truth Social public — a deal that has spiked Trump’s net worth and created a frenzy on Wall Street. Trump Media filed a lawsuit on March 24 in Florida state court against Andy Litinsky and Wes Moss, two co-founders of Trump Media. The lawsuit states that Litinsky and Moss were to receive 8.6 million shares in the new company, through United Atlantic Ventures. Trump owns 78.8 million shares in Trump Media, which went public last week.

Persons: CNN —, Donald Trump, Andy Litinsky, Wes Moss, “ Moss, Litinsky, Moss, Maruf Organizations: CNN, CNN — Trump Media & Technology Group, Trump Media, Truth, United Atlantic Ventures, Bloomberg News, Trump Locations: Florida, Moss, Delaware

☆ Trump Media sues its co-founders, accuses them of 'severe mismanagement'
▼ + stars: | 2024-04-02 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

The media company that Donald Trump recently took public is suing its co-founders, accusing them of failing "spectacularly" to get the company off the ground and then trying to "thwart the deal." In February, Moss and Litinsky sued Trump Media in Delaware Chancery Court over their stake in the company. They made "wasteful decisions" that caused "significant damage" to Trump Media and a decline in DWAC's stock price, the company claims. Trump Media calls the claim that UAV is owed stock "baseless," and says the services agreement Trump signed with UAV in 2021 is no longer valid. Lawyers for Trump Media did not immediately respond to CNBC's request for comment on the lawsuit.

Persons: Donald Trump, Wesley Moss, Andrew Litinsky, Trump, Moss, Litinsky, Patrick Orlando, Eric Trump Organizations: Trump Media & Technology Group, United Atlantic Ventures, Trump, Trump Media, Corp, Nasdaq, Orlando's, Securities and Exchange Commission, Bloomberg, Lawyers Locations: Sarasota County , Florida, Delaware Chancery, Florida

☆ Opinion: Trump videos send wildly different messages
▼ + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.

Persons: Matthew Arnold, Homer, King James, Donald Trump, ”, Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, …, ” Clay, “, Obama, “ Obama, CNN Trump, —, Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, ’, Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, ‘, ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, “, Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia

☆ From Pizzagate to the 2020 Election: Forcing Liars to Pay or Apologize
▼ + stars: | 2024-03-31 | by ( Elizabeth Williamson | ) www.nytimes.com time to read: +1 min

Michael J. Gottlieb can never remember the exact amount — it’s $148,169,000— that a jury ordered Rudolph W. Giuliani to pay the Georgia election workers Ruby Freeman and Shaye Moss. “Don’t waste your time being angry at those who did this to me and my daughter,” said Ms. Freeman 65, who with her daughter Ms. Moss, 39, was falsely accused by Mr. Giuliani of aiding an imagined plot to steal the 2020 presidential election. “We are more than conquerors.”Less than a decade ago, the two women would have struggled to find a lawyer. But Mr. Gottlieb, a partner at the firm Willkie Farr & Gallagher and a former associate counsel in the Obama White House, represented them for free. Mr. Gottlieb has also represented the owner of the Washington pizzeria targeted by “Pizzagate” conspiracy theorists as well as the brother of Seth Rich, a young Democratic National Committee staff member whose 2016 murder ignited bogus theories implicating his family.

Persons: Michael J, Gottlieb, Rudolph W, Giuliani, Ruby Freeman, Shaye Moss, ”, Freeman, Moss, “, Willkie Farr, Gallagher, Obama, “ Pizzagate, Seth Rich, Meryl Governski Organizations: House, Washington, Democratic National Committee, Protect Democracy Locations: Georgia

☆ Opinion: This Easter, reflect on how your Bible came into being
▼ + stars: | 2024-03-30 | by ( Opinion Candida Moss | ) edition.cnn.com time to read: +11 min

CNN —The version of Easter you’re likely familiar with probably starts with how the Bible tells the story. As I show in my book, “God’s Ghostwriters: Enslaved Christians and the Marking of the Bible,” ancient dictation was bare bones and idiosyncratic. Someone might respond that while enslaved and formerly enslaved secretaries and copyists were present, they were still not authors. What we know is that Paul and Tertius wrote the Letter to the Romans together and that collaboration moves us into the realm of speculation. Saying that Paul “wrote Romans” when Romans itself claims that it was written by Tertius isn’t just speculative, it’s wrong.

Persons: Candida Moss, Edward Cadbury, John, Pontius Pilate, Jesus, Candida Moss Brian McConkey, Pilate, ” Pilate, It’s, Paul, Tertius, “, Mark, Peter’s “, Peter, ’, Roman enslavers, Varro, Martial, Roman, papyrologists Roger Bagnall, Raffaella, Douglas Sacha, ”, copyists, ” John Calvin, William Barclay, Tertius “, Barclay, Paul “, Tertius isn’t, Lord Jesus Christ, — Organizations: University of Birmingham, Notre Dame, CNN, Jewish, “ Institutes Locations: Judea

☆ Opinion: 25 years later, ‘The Matrix’ is less sci-fi than tech reality
▼ + stars: | 2024-03-30 | by ( Opinion Rizwan Virk | ) edition.cnn.com time to read: +11 min

In 2003, Oxford philosopher Nick Bostrom imagined a “technologically mature” civilization could easily create a simulated world. With simulated worlds far outnumbering the “real” world, the likelihood that we are in a simulation would be significantly higher than not. Remember, the simulations would be so good that you wouldn’t be able to tell the difference between a physical and a simulated world. Either the signals are being beamed directly into your brain, or we are simply AI characters inside the simulation. Already, millions of humans are chatting with AI characters, and millions of dollars are pouring into making AI characters more realistic.

Persons: Virk, X, CNN — It’s, ”, Lana, Lilly Wachowski, Philip K, Dick, Tessa, Morpheus, Laurence Fishburne, Keanu Reeves, Nick Bostrom, Elon Musk, Smith, Hugo Weaving, Carrie Ann, Moss, Musk, OpenAI, it’s, Reeves ’ Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Center for Science, CNN, Apple, Trinity Locations: zenentrepreneur.com, Oxford, Silicon, Silicon Valley

☆ Gardens of Stone, Moss, Sand: 4 Moments of Zen in Kyoto
▼ + stars: | 2024-03-26 | by ( Paula Deitz | ) www.nytimes.com time to read: 1 min

Once, when the Buddha was asked to preach about a flower he was presented, he instead “gazed at it in silence,” according to the British garden designer Sophie Walker in her book “The Japanese Garden.” In this spiritual moment Zen Buddhism was born, inspiring the serene and eternal dry or rock gardens called karesansui. Unlike a garden designed for strolling, which directs visitors along a defined path to take in scenic views and teahouses, a dry garden is viewed while seated on a veranda above, offering the heightened experience of traveling through it in the imagination, revealing its essence in meditation.

Persons: Sophie Walker Locations: British

The world's governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December. Here are the big hurdles to solar, wind and other renewable energy projects:COSTLY CREDITCentral banks in Europe and the U.S. have raised interest rates to combat inflation. Renewables have much higher up-front costs to build wind farms, solar arrays and more, and that borrowing costs money. Germany's southern region of Bavaria, for example, is known for resisting the noise and appearance of wind turbines in its scenic landscape. Installations have lagged in Bavaria and other regions despite the German government's push for more renewable energy after losing affordable Russian natural gas used to heat homes, generate electricity and power factories.

Persons: Todd Moss Organizations: U.S, Renewables, State Department, Energy, Growth Locations: Europe, Germany's, Bavaria, Ghana, U.S, Washington

☆ See Timothée Chalamet transform into Bob Dylan in ‘A Complete Unknown’
▼ + stars: | 2024-03-19 | by ( Leah Asmelash | ) edition.cnn.com time to read: +2 min

CNN —After multiple delays in production, the new Bob Dylan biopic has started filming — which means a first look at actor Timothée Chalamet as the legendary folk singer. “This is not Bob Dylan, it’s simply every man who has ever tried to talk to me about Bob Dylan,” wrote author Marissa R. Moss. After first being announced in 2020, production for “A Complete Unknown” experienced numerous lags, from the pandemic to the SAG-AFTRA strike. Still, the movie has retained complete support from Dylan himself, who gave director James Mangold detailed annotated notes on the script. “A Complete Unknown” does not yet have a release date.

Persons: Bob Dylan, Timothée Chalamet, ”, it’s, Marissa R, Moss, Dylan, James Mangold, “ I’ve, ” Mangold, “, Mangold, Woody Guthrie, Chalamet, Austin Butler, ” Dylan, Todd Haynes, Martin Scorsese Organizations: CNN, SAG Locations: New York, “ Elvis

☆ Judge in classified documents case grapples with how Trump’s personal records claim could be explained to a jury
▼ + stars: | 2024-03-18 | by ( Hannah Rabinowitz | Katelyn | ) edition.cnn.com time to read: +4 min

I don’t understand where she is going with this order,” Brad Moss, a national security lawyer, told CNN on Monday. Part of the law under which Trump is charged criminalizes a person having unauthorized possession of records related to national defense. Still, the judge asked prosecutors and defense lawyers to write versions of their proposed jury instructions that consider the PRA by April 2. “Engage with the following competing scenarios and offer alternative draft text that assumes each scenario to be a correct formulation of the law to be issued to a jury,” Cannon wrote on Monday. The second scenario would assume that as president, Trump had complete authority to take records he wanted from the White House under the PRA.

Persons: Aileen Cannon, Donald Trump’s, Trump, – Cannon, Cannon, wouldn’t, Brad Moss, “, ” Moss, she’s, ” Cannon, Moss Organizations: CNN, Justice Department, Department, “, White House, National Archives Locations: Trump’s

Early analyst calls featured one firm calling for more gains for Nvidia and an upgrade to a major beverage and snacks maker. HSBC raised its price target on Nvidia to $1,050, which implies upside of nearly 20% for the chipmaker. His price target of $190 indicates upside of 15.4% over the next 12 months. — Fred Imbert 5:43 a.m.: HSBC hikes Nvidia price target ahead of GTC Conference HSBC sees more upside in store for shares of Nvidia as the chip giant defends its AI position and reaches new markets. Given this backdrop, analyst Frank Lee boosted the firm's price target to $1,050 from $880 a share, reflecting nearly 20% upside from Friday's close.

Persons: Morgan Stanley, Raymond James downgrades, Raymond James, Steve Moss, Moss, management's, Samantha Subin, Brad Lin, Lee, bode, — Samantha Subin, Dara Mohsenian, Fred Imbert, Frank Lee Organizations: CNBC, Nvidia, HSBC, PepsiCo, York Community Bancorp, New York Community Bancorp, Bank of, Taiwan Semiconductor, AI, Bank of America, Intel, GTC Conference HSBC, GTC Conference

☆ Creditors are coming after Rudy Giuliani's $3.5 million Florida condo in bankruptcy filing
▼ + stars: | 2024-03-16 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Rudy Giuliani may have to sell his Palm Beach condo to settle his bankruptcy debts. Creditors pointed out the $3.5 million property is not exempt in his Chapter 11 bankruptcy filing. Then there is his $3.5 million Florida condo, which is not exempt. However, Giuliani has not taken any steps to sell the Florida home, the filing says. Lawyers for Giuliani and creditors did not immediately respond to a request for comment from BI.

Persons: Rudy Giuliani, Giuliani, —, Giuliani's, Politico's Kyle Cheney, he's, Georgia —, Ruby Freeman, Moss Organizations: Service, New, CNN, Florida and Locations: Beach , Florida, New York, Giuliani's New York, Florida, New York City, New York State, Florida and New York, Georgia

NEW YORK (AP) — The new documentary “High & Low — John Galliano” covers all the complexities of the famous British designer, one of the most celebrated and controversial figures in the fashion industry. The Associated Press talked to Macdonald about Galliano’s rise and fall and why many friends and fans stayed loyal to him. How do we really know why someone said something? AP: Do you think Galliano feels remorse about his past comments and behavior? It feels like, “OK, I’ve got that off my chest now, now I can ... do what I’m really, really good at and express myself more personally again.”

Persons: John Galliano ”, Kevin Macdonald, Galliano, Anna Wintour, Naomi Campbell, Penelope Cruz, Kate Moss, Charlize Theron, Givenchy, Christian Dior, “, Hitler, ”, Dior, Maison Margiela, Macdonald, MACDONALD, “ Alexander McQueen, there’s, —, I’m, Maison, It’s, it’s, I’ve Organizations: Dior, Associated, Maison Margiela Locations: British, France, Paris

☆ ‘Roswell’: Take a Roadtrip to U.F.O. Country - The New York Times
▼ + stars: | 2024-03-12 | by ( Bill Brown | ) www.nytimes.com time to read: +1 min

I listened to “Motorway to Roswell” by the Pixies a million times, but it’s not exactly where this movie came from. paperbacks I inhaled as a nerdy kid in Lubbock, Texas, and partly it was Lubbock itself. Then I took Robb Moss’s nonfiction filmmaking class at Harvard. For Marker, movies don’t replace our memories, exactly, but they create a little memorial in the place where a memory used to be. So that’s what my movie is for me now, 30 years later: a memento.

Persons: Roswell ”, Robb Moss’s, Moss, Chris Marker’s “ Organizations: Harvard Locations: Roswell, Lubbock , Texas, Lubbock, West Texas

☆ A new documentary wrestles with the highlights — and lowlights — of John Galliano’s controversial career
▼ + stars: | 2024-03-12 | by ( Trey Taylor | ) edition.cnn.com time to read: +9 min

CNN —After a first intervention for the fashion house’s seismic creative director John Galliano failed, Dior’s then-CEO Sidney Toledano staged a second, more serious one. In response, as Toledano recounts in the new documentary “High & Low: John Galliano,” the then-50-year-old gym-obsessive ripped open his shirt to reveal a rippling torso and said, “Does this look like the body of an alcoholic?”And so the designer’s drinking and pill-popping rolled on. At least, “High & Low” director Kevin Macdonald, whose documentary performs a thrilling autopsy of Galliano’s career collapse, thinks so. Nicholas MatthewsUnraveling threadsAs its title suggests, “High & Low” scrutinizes the designer’s extraordinary rise and dramatic flameout. John Galliano, pictured at his home in Beauvais, France.

Persons: John Galliano, Dior’s, Sidney Toledano, Galliano, Dior, Bernard Arnault, Arnault, Toledano, ”, Perle, Hitler, ” John Galliano, France —, Dominique Charriau, decamped, Low, Kevin Macdonald, I’d, ” Macdonald, “, ’, Macdonald, Anna Wintour — Galliano’s, —, Wintour, ’ ” Macdonald, shouldn’t, I’m, John —, Nicholas Matthews Galliano, Nicholas Matthews, ” Johann Brun, John, “ John, ” Galliano, John Galliano’s, Derek Hudson, He’s, you’d, John then, Tim Blanks, Cecil B, DeMille, Kate Moss, Jamie Hince, Oscar de la, Maison, Pat McGrath, Galliano’s, it’s Organizations: CNN, Paris Fashion, Couture, Rodin, Dior, Hulton Locations: Paris, France, Scottish, Couture, Beauvais

☆ Potential Obstacle to Trump Media’s Merger Appears to Have Been Cleared
▼ + stars: | 2024-03-09 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

The threat of a last-minute obstacle to the merger of former President Donald J. Trump’s social media company and a cash-rich shell company appears to have subsided. Two early founders of Trump Media & Technology Group reached a temporary truce with Mr. Trump’s company at a hearing on Saturday morning in Delaware Court of Chancery. The lawsuit, filed on Feb. 28 by a company controlled by Wes Moss and Andy Litinsky, had the potential to delay a scheduled March 22 vote by shareholders of Digital World Acquisition Corp. on the long-delayed merger with Trump Media. If shareholders approve the merger, it would give Trump Media more than $300 million in badly needed cash to keep operating. The deal would also boost Mr. Trump’s net worth by more than $3 billion, based on Digital World’s current stock price.

Persons: Donald J, ’, Wes Moss, Andy Litinsky Organizations: Trump Media & Technology Group, Truth, Digital, Trump Media Locations: Delaware Court

☆ Paris Fashion Week: Fashion, feminism and a fake Kate Moss
▼ + stars: | 2024-03-06 | by ( Alice Pfeiffer | ) edition.cnn.com time to read: +15 min

Pascal Le Segretain/Getty ImagesEqually at Rabanne, tartan blazers were given a grungier edge with leather-trimmed sleeves and fasteners. The rise of ‘Les People’Traditionally, showing interest in celebrities (“Les people” in Parisian slang) was a big no-no amongst the proudly snobby French fashion press. For busy women, multitasking women, women who can. Pascal Le Segretain/Getty ImagesStockman-style coats in colored, patent and soft leather were everywhere at Chloé, as were thigh-high boots and wafting, chiffon dresses. Pascal Le Segretain/Getty ImagesTraditional preppy skirt suits were given an edge with "Miss Dior" emblazoned in a graffiti style scrawling.

Persons: Saint Laurent, —, Wim Wenders, “, ” Balmain’s, Ester Manas, Nina Ricci, Kate Moss, Denise Ohnona, Serre, Arnel Dela, Alessandro Vigilante, ”, Coco, Kroes, Pascal Le Segretain, Chemena, Sienna Miller, Gaby Aghion, preppy Kristin Scott Thomas, Miu Miu, Farida Khelfa, Carine, Julia Roitfeld, Victoria Beckham, Anna, Pat Cleveland, Jerry Hall, Georgia Jagger, Kiernan Shipka, Georgia May Jagger, Julien de Rosa, ’ ’, Charles de Vilmorin, Aldama, Loewe, Dior ” —, Jackie O, Salma Hayek, Kim Kardashian, Naomi Campbell, Penelope Cruz, Hari Nef, Emily Ratajkowski, Victor Aubry, Sipa, JM Haedrich, Alexandre Maras, Louise Trotter, Sophie Abriat, Valentino, Givenchy, Laurent, Demna, BFRND, scupltor, Jaanisoo, Rémy Brière, Nicolas Di Felice, Louis Sullivan, Justin Shin, McQueen, Seán, Ib Kamara’s, Nicolas Ghesquière, Louis Vuitton, Stockman, Jonas Gustavsson, Coco Chanel, Casey Cadwallader's, Albert York, Dior, Victor Virgile, Kristin Scott Thomas, Miu, Olivier Rousteing, Ik Aldama, Chloe —, Miller's, Arnold Jerocki, Filippo Fior, Gonzalo Fuentes, Thierry Chesnot, Ester Manas's Organizations: CNN, Paris, Paris CNN —, Eiffel, Saint Laurent Museum, Chloé, Victoria, Getty, Loewe, Dior, Monde, Saint Laurent, The Washington Post Locations: Paris, Trocadero, British, Deauville, Normandy, Mugler, Chloé, Georgia, AFP, Balenciaga, Chanel, Estonian, Courrèges, Dior

☆ Sam Smith opens Vivienne Westwood’s Fall-Winter 2024 show in Paris
▼ + stars: | 2024-03-04 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

The discombobulating outfit was, in fact, the opening look of Vivienne Westwood’s Fall-Winter 2024 show in Paris — a collection that has proved divisive online. “Vivienne Westwood will be turning in her grave watching Sam Smith in this get up,” wrote one disgruntled fan on X. While many online lamented how Kronthaler’s latest season has “defiled” and “tainted” Westwood’s fashion reputation. The 1990s era of Vivienne Westwood was defined by shape and silhouette, as demonstrated here with Linda Evangelista walking the Fall-Winter 1995 show in Paris. Kronthaler's first solo show for Vivienne Westwood at Paris Fashion Week felt more aligned with the brand's popular 90s silhouettes.

Persons: Sam Smith, trudging, fanny, Mel Gibson’s, Vivienne Westwood’s, Andreas Kronthaler, —, Pascal Le Segretain, Vivienne Westwood, Alexander McQueen, John Galliano, Gen, ”, Linda Evangelista, PL, Kronthaler, Kate Moss, “, Vivienne Westwood's, Giovanni Giannoni, Bella Hadid, Kronthaler's Organizations: CNN, Westwood, PL Gould, Vogue, Penske Media, Paris Fashion, Financial Times Locations: Paris, Sharpie

☆ Former 'apprentices' and Trump Media cofounders file lawsuit claiming company execs tried to dilute their stake ahead of a potential merger
▼ + stars: | 2024-03-02 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Trump Media & Technology Group cofounders accused the company of conspiring to dilute their shares. The lawsuit could complicate an upcoming shareholder vote on a merger that would take the company public. The bid would see Trump's company, the parent company of his social media network Truth Social, merge with blank-check company Digital World Acquisition. The suit also claims that the Trump Media board planned to give new shares to "Trump and/or his associates and children," per The Post. The two-year attempted merger between Trump Media and Digital World Acquisition Corp has faced ongoing delays, partly due to SEC investigations into potential securities violations.

Persons: Trump Media & Technology Group cofounders, Andy Litinsky, Wes Moss, —, Donald Trump's, Trump, Moss, Melania Organizations: Trump Media & Technology Group, Service, United Atlantic Ventures, Washington Post, Trump, Business, Twitter, Securities and Exchange, Digital, Trump Media, UAV, SEC

☆ Wall Street is worried about NYCB's loan losses and deposit levels as stock sinks below $4
▼ + stars: | 2024-03-01 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Mike Segar | ReutersRegional lender New York Community Bank finds itself in an apparently worsening predicament just as the anniversary of last year's banking turmoil nears. "The disclosures add to our concern about NYCB's interest-only multi-family portfolio, which may require a long workout period unless interest rates decline." Days later, ratings agency Moody's cut the bank's credit ratings two notches to junk on concerns over the bank's risk management capabilities after the departure of NYCB's chief risk officer and chief audit executive. The bank's stock was briefly buoyed by a flurry of insider purchases indicating executives' confidence in the bank. Most of those deposits were insured, and it had ample resources to tap if uninsured deposits left the bank, it said.

Persons: Mike Segar, NYCB, Raymond James, Steve Moss, Moody's, Alessandro DiNello, DiNello, D.A, Davidson, Peter Winter Organizations: New York Community Bank, Reuters Regional, New, Community Bank, Silicon Valley Bank, Signature Bank Locations: Yonkers , New York, U.S, NYCB

☆ Lawsuits Threaten to Delay Trump Media’s Merger
▼ + stars: | 2024-03-01 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

A rash of lawsuits are threatening to stall a shareholder vote on the long-delayed merger of former President Donald J. Trump’s social media company and a cash-rich shell company. Two early founders of Trump Media & Technology Group have filed suit to preserve their ownership stake in the business, the parent company of the Truth Social online posting platform. The lawsuit, filed Wednesday under seal in Delaware Chancery Court by a partnership led by Wes Moss and Andy Litinsky, claims that Trump Media is trying to dilute its ownership stake in the company, of which Mr. Trump is a majority shareholder. The lawsuit seeks an expedited hearing in Delaware state court ahead of a March 22 vote by shareholders of Digital World Acquisition Corp. on its merger with Trump Media. Mr. Moss and Mr. Litinsky were contestants on Mr. Trump’s realty television show, “The Apprentice,” and went to him in January 2021 with the idea of creating a social media company.

Persons: Donald J, Wes Moss, Andy Litinsky, Trump, . Moss, Litinsky, ” Organizations: Trump Media & Technology Group, Trump Media, Digital, Trump’s realty Locations: Delaware Chancery, Delaware

☆ There’s a New (Old) It Girl in Paris
▼ + stars: | 2024-03-01 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

For years the Chloé Girl was effectively another, more branded, version of the It Girl. I can’t think of another label that has such an imaginary person, rather than a logo, to embody it. That Chloé Girl is redolent of youth and energy; of freedom and romping in the sun-kissed daisy fields. She is a little bit hippie, a little bit rocker, a little bit romantic and a lot insouciant. And although that version of the Chloé Girl had been absent from fashion for awhile, on Thursday in Paris Chemena Kamali, the new creative director of Chloé, brought her back.

Persons: Gaby Aghion, Karl Lagerfeld, Phoebe Philo, Stevie Nicks, Jane Birkin, Kate Moss, Kamali, Chloé Locations: Paris

☆ Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal
▼ + stars: | 2024-02-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Donald Trump (R) and producer Andy Litinsky (L) attend the Comedy Central Roast Of Donald Trump at the Hammerstein Ballroom on March 9, 2011 in New York City. The partnership, United Atlantic Ventures alleges that Trump Media & Technology Group engaged in "wrongful 11th hour ... maneuvering" to dilute UAV''s minority stake in the media company, a court filing says. Donald Trump attends the 'Celebrity Apprentice' Red Carpet Event at Trump Tower on January 5, 2015, in New York City. "They actually went out and did the work, they created Truth Social, and now the beneficiary of that, Donald Trump, doesn't want to pay." CNBC has requested comment from spokesmen for Trump, TMTG and DWAC about the lawsuit, which was first reported by The Washington Post.

Persons: Donald Trump, Andy Litinsky, Moss, Wes Moss, Trump, Jean Carroll, Christopher Clark, Clark, Donald J, TMTG, UAV's, TMTG's Organizations: Trump Media, Twitter, Facebook, United Atlantic Ventures, Trump Media & Technology Group, Trump Tower, Trump, Republican, TMTG, CNBC, The Washington Post, Securities and Exchange Commission, Department of Justice, SEC Locations: New York City, TMTG, Delaware, New York, partnership's Delaware

☆ We spent over $900 to go on a bucket-list hike hidden in the Grand Canyon region. It was unlike anything I've ever experienced.
▼ + stars: | 2024-02-28 | by ( Bernadette Rankin | ) www.businessinsider.com time to read: +7 min

A quick internet search led me to pursue my dream bucket-list trip at Havasupai Falls. The first step in the journey was securing reservationsThe first part of planning my trip was securing permits to visit Havasupai Falls. We crossed the bridge one by one and ventured on until we got our first jaw-dropping look at the cascading Havasu Falls. AdvertisementOur favorite hike of the trip was on the Havasu Falls Trail, which stretches from Mooney Falls to Beaver Falls. We consoled each other by swearing that we'd be back again to see Havasupai Falls, a place we'd fallen hopelessly and insatiably in love with.

Persons: —, van, Hilltop, Bernadette Rankin, I'm, Beyoncé, we'd Organizations: Service, First, Business, Las Vegas Locations: Havasupai, Las, Peach Springs , Arizona, Hilltop, Supai, Supai Village, Havasu, Little Navajo Falls, Navajo, Havasu Falls, Mooney Falls, Beaver Falls, Mooney, Havasu Creek

☆ SAG Awards 2024: Winners list
▼ + stars: | 2024-02-24 | by ( Alli Rosenbloom | Lisa Respers France | ) edition.cnn.com time to read: +7 min

Saturday night’s winners were familiar to those who have been following awards season, as actors from “The Bear,” “Oppenheimer” and “Beef” took home statuettes as expected. Alan Ruck, center, and the cast of "Succession" photographed during the 30th Screen Actors Guild Awards in Shrine Auditorium and Expo Hall in Los Angeles on Saturday, Feb. 24. The cast of “Succession” led the nominations among the television categories with five – nabbing the top honor for best ensemble. “Oppenheimer” reigned victorious with three of those awards, while “Barbie” was shut out. This is the first SAG Awards since last year’s prolonged actors’ strike in Hollywood – a fact that was brought up several times throughout the evening – and is also the last major entertainment awards event before next month’s Oscars ceremony.

Persons: ” “ Oppenheimer, ”, Lily Gladstone, Da’Vine Joy Randolph, “, Idris Elba, Billie Eilish, Jessica Chastain, America Ferrera, Robert Downey Jr, Fran Drescher, Jennifer Aniston, Barbra Streisand, ” Bradley Cooper, Alan Ruck, Robert Gauthier, Streisand, Wears, Meryl Streep, Anne Hathaway, Emily Blunt –, Jeff Goldblum, Geena Davis, David Cronenberg, “ Barbie ”, “ Oppenheimer ”, ’, Bradley Cooper, “ Maestro ” Colman Domingo, “ Rustin ” Paul Giamatti, ” Cillian Murphy, “ Oppenheimer, Jeffrey Wright, Annette Bening, Carey Mulligan, “ Maestro ” Margot Robbie, “ Barbie, Emma Stone, Cillian Murphy, Oppenheimer, Matt Winkelmeyer, Sterling K, Brown, ” Willem Dafoe, Robert De Niro, Ryan Gosling, Emily Blunt, Danielle Brooks, Penélope Cruz, “ Ferrari, Jodie Foster, Matt Bomer, Jon Hamm, David Oyelowo, Bass Reeves, Tony Shalhoub, Mr, Monk’s, Steven Yeun, Painkiller ” Kathryn Hahn, Brie Larson, Bel, Ali Wong, Brian Cox, Billy Crudup, Kieran Culkin, Matthew Macfadyen, Pedro Pascal, Elizabeth Debicki, Bella Ramsey, Keri Russell, Sarah Snook, Brett Goldstein, “ Ted Lasso, Bill Hader, “ Barry ” Ebon Moss, Bachrach, Jason Sudeikis, Jeremy Allen White, Alex Borstein, Maisel, Rachel Brosnahan, Maisel ” Quinta Brunson, “ Abbott, Hannah Waddingham, “ Ted Lasso ” Ayo Edebiri, Frazer Harrison, Abbott, ” “ Barry ”, Ted Lasso ”, Indiana Jones, John Wick Organizations: CNN, Actors Guild, Auditorium, Netflix, SAG, Los Angeles Times, Jewish, “, Getty, Guardians Locations: Los Angeles, “, America, Brooklyn, Europe, Hollywood

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