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☆ US men’s soccer team dealt heavy defeat by host France in opening Olympic match
▼ + stars: | 2024-07-25 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —The US men’s soccer team suffered a brutal return to Olympic action as it was beaten 3-0 by host nation France in its opening match of the Paris Games on Wednesday. The soccer tournament at this year’s Olympics kicked off two days before the Opening Ceremony, with teams consisting predominantly of under-23 players. Playing in its first Olympic Games since 2008, the young US men’s team knew an opening match against the host would be a tough test but, for the first hour at least, it looked more than capable of causing an upset. It will then play Guinea in the final group match on July 30. Meanwhile, Spain beat Uzbekistan 2-1, while Japan thrashed Paraguay 5-0 in some of the other standout scores of the soccer tournament so far.

Persons: Marko Mitrović, Luisa Gonzalez, Djordje Mihailović, Alexandre Lacazette, John Tolkin, Michael Olise, Loïc Badé, “ I’m, Thierry Henry Organizations: CNN, Paris Games, Olympic Games, US, Stade Vélodrome, Reuters, Bayern Munich, ”, Zealand Locations: France, Marseille, ” France, Guinea, , New Zealand, Spain, Uzbekistan, Japan, Paraguay

☆ Trump's NY fraud judge declines to recuse himself over 'nothingburger' hallway conversation
▼ + stars: | 2024-07-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Manhattan judge who ordered Donald Trump to pay a nearly $500 million fraud judgment has declined — in no uncertain terms — the former president's demand that he recuse himself from the case over a brief hallway conversation. The sum owed by Trump accrues another $1 million in interest every nine days, and had reached $471 million by Thursday. Engoron did not mince words in saying on Thursday that he would not step down over "this 90-second, unsolicited diatribe." Lawyers for Trump and Bailey did not immediately respond to requests for comment.

Persons: —, Donald Trump, Arthur Engoron, Trump, Engoron, Adam Leitman Bailey, Bailey, defamatorily, Read Organizations: Service, New, Business, Trump, Trump Organization

☆ Honeywell drops on cuts to guidance. Here's why it may provide an opportunity
▼ + stars: | 2024-07-25 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

It also came in above the high end of management's guidance. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance. The changes are tied to the inclusion of previously closed and announced acquisitions, as well as a slower-than expected-rebound for short-cycle businesses. Unfortunately, despite some "pockets of short-cycle strength," other short-cycle businesses "are not accelerating as much as we had hoped," CFO Greg Lewis said on the call. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance.

Persons: Honeywell downwardly, Greg Lewis, Vimal, Lewis, abate, Jim Cramer's, Jim Cramer, Jim, Daniel Barry Organizations: Honeywell, Revenue, LSEG, Emerson, Aerospace Technologies, Management, Aerospace, Automation, Carrier's, Solutions, CAES Systems Holdings, Air Products, Industrial Automation, Energy, Sustainability Solutions, CNBC, Bloomberg, Getty Locations: UOP, Morristown , New Jersey

☆ I used to explore abandoned places as a kid. When I started exploring them again as an adult, I made a career out of it.
▼ + stars: | 2024-07-25 | by ( Blake Pfeil | ) www.businessinsider.com time to read: +5 min

Read previewAs a kid who dreamed of being a professional artist, I spent hours at an abandoned dairy farm near my childhood home. After the dairy farm burned down, it slowly faded from my memory. The practice of exploring abandoned spaces calmed the symptoms of what eventually became a cyclothymia diagnosis — a rare mood disorder — much later in life. As I got older and moved away, my childhood fascination with abandoned spaces almost vanished completely. I lay in bed, thinking about the abandoned dairy farm, and I wondered if there were any abandoned buildings near where I live in the Hudson Valley, New York.

Persons: —, I've, I'd, Blake Pfeil Organizations: Service, Business Locations: Hudson Valley , New York

☆ 2 lions made a mile-long swim across a crocodile-infested channel in search of mates. It's a sign of how desperate the animals are getting.
▼ + stars: | 2024-07-25 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Read previewTwo lions recently proved that there's no river wide enough to keep them from potential mates. In February, the pair of brothers, Jacob and Tibu, swam for nearly a mile across a channel between two lakes in Uganda's Queen Elizabeth National Park. This story is available exclusively to Business Insider subscribers. Advertisement"We didn't know lions could do this," Braczkowski, told Business Insider in an email. And when it does come down to a fight, Jacob probably wouldn't be all that helpful to Tibu, Packer said, "but he's still better than nothing."

Persons: —, Jacob, Tibu, Alexander Braczkowski, Braczkowski, Craig Packer, Bosco Atukwatse, King, Packer, wouldn't Organizations: Service, Uganda's Queen Elizabeth, Griffith University, Business, Lions, New, University of Minnesota's Lion Locations: Uganda's Queen, Uganda, what's

In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. But within 24 hours, Democratic leaders unofficially crowned Ms. Harris and stamped out any notable opposition. His team considered mounting legal challenges to her campaign committee to make it harder for Ms. Harris to hit the ground running. And Mr. Trump is still cycling through nicknames for Ms. Harris — a sign that he hasn’t yet figured out how he intends to portray her. And some Trump campaign officials have telegraphed plans to “Willie Horton” Ms. Harris.

Persons: Donald J, Biden, Trump, It’s, Kamala Harris, Mr, Biden’s, Harris, “, —, viscerally, jostled, Erin Schaff, Brian Hughes, ” Mr, Biden’s “ Cackling, Laffin ’ Kamala Harris, ”, Kamala ”, Hillary Clinton, Kamala, Alex Castellanos, that’s, Kevin McCarthy, Mike Johnson, Doug Mills, ” Liam Donovan, ” Guy Cecil, “ Kamala Harris, David McCormick, Biden’s frailty, Willie Horton ” Ms, Michael Dukakis, Horton, Dukakis, Hilary Rosen Organizations: Republican National Convention, Democratic, Sunday, Black, Trump, The New York Times, Mr, Republicans, Republican, Indian, Indian American U.S, New York Times, National Republican, “ Republicans, Green, MAGA Inc Locations: Wilmington, Del, Indian American, Grand Rapids, Mich, Credit, Charlotte, —, Pennsylvania, Massachusetts, California

☆ Remember when Taylor Swift wore drag in ‘The Man’ music video
▼ + stars: | 2024-07-25 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +12 min

Ethan Miller/TAS23/Getty Images Swift performs "Lover" with her band, backup singers and dancers in Nashville, Tennessee, in May 2023. John Shearer/TAS23/Getty Images Swift performs in Glendale, Arizona, during the opening weekend of "The Eras Tour" in March 2023. John Shearer/TAS23/Getty Images Swift sings "I Can Do It With a Broken Heart" in Paris in May 2024. Allen J. Schaben/Los Angeles Times/Getty Images Swift performs the 10-minute version of "All Too Well" in Nashville in May 2023. John Shearer/TAS23/Getty Images Swift leaves the stage after the "Speak Now" set in Nashville in May 2023.

Persons: He’s, it’s Taylor Swift, Swift, ”, Taylor —, “ Tyler ”, Tyler, Taylor, Swift's Versace, Peter Kelleher, that’s, “ Taylor Swift, Bahama, ” Kate Bailey, Versace, Queen, Mariah Carey, Lady Gaga, Jo Calderone, Zayn Malik, Troye Sivan, Taylor Swift, Kevin Mazur, Natasha, Ethan Miller, John Shearer, Kevin Winter, Benjamin B, Braun, Jutharat, Phoebe Bridgers, Bridgers, Raymond James, Zack Wittman, Hector Vivas, Gareth Cattermole, Don Arnold, TAS24, Rachel Wisniewski, Terence Rushin, Travis Kelce, Haim, Jeff Kravitz, Erin Clark, Sarah Yenesel, Sabrina Carpenter, William West, Christopher Polk, Bob Levey, TAS23, Allen J, ” Swift, Biden Organizations: CNN, MTV, Victoria, Albert Museum, Little, Swift City, Pittsburgh, MetLife Stadium, New York Times, Department, Lincoln Financial, Washington Post, Ticketmaster, Boston Globe, Getty, Penske Media, Los Angeles Times Locations: London, East Rutherford , New Jersey, Chicago, Las Vegas, Nashville , Tennessee, Glendale , Arizona, Glendale, Swift, Los Angeles, Pittsburgh, East Rutherford, Paris, Nashville, Tampa , Florida, Mexico City, Edinburgh, Scotland, Sydney, Philadelphia, Atlanta, Santa Clara , California, Foxborough , Massachusetts, Kansas City , Missouri, Coney, Melbourne, AFP, Lyon, France, Houston, Inglewood , California, Cincinnati

☆ Trump and His Allies Adapt to a New Role: Fighting for Attention
▼ + stars: | 2024-07-25 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

For the first time since Donald J. Trump was indicted in the spring of 2023, he has lost his grip on the news cycle and — temporarily at least — his message. Instead of commanding morning-to-night media attention, the former president and his allies suddenly find themselves reacting to their opponents. It’s an unfamiliar experience for Mr. Trump, who has monopolized America’s televisions, newspapers and smartphones for more than 12 months through indictments, primary victories, 34 felony convictions, an assassination attempt and a Republican National Convention at which he was celebrated as a quasi-religious figure. In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. Vice President Kamala Harris, whom Mr. Biden endorsed on Sunday and around whom Democrats rapidly coalesced, has enjoyed a political hot streak that Mr. Biden’s advisers could have only dreamed of during the 2024 campaign.

Persons: Donald J, Trump, It’s, Biden, Kamala Harris, Mr Organizations: Republican National Convention, Democratic, Sunday

☆ Ismael “El Mayo” Zambada: US operation to capture Sinaloa cartel leaders had the help of one of the captured men: a son of ‘El Chapo,’ official says
▼ + stars: | 2024-07-25 | by ( Emma Tucker | Polo Sandoval | Evan Perez | ) edition.cnn.com time to read: +9 min

Ismael “El Mayo” Zambada, 76, the alleged co-founder and leader of the powerful Sinaloa cartel, was arrested in El Paso, Texas, Thursday, Attorney General Merrick Garland said in a statement. Another alleged cartel leader, Joaquin Guzman Lopez, 38, was also arrested, he said. But Zambada didn’t know US investigators had exploited a rift in the Sinaloa cartel and Guzman Lopez was helping with Zambada’s capture, the official said. Ismael “El Mayo” Zambada, a historic leader of Mexico’s Sinaloa cartel, left, and Joaquín Guzmán López, a son of another infamous cartel leader, after they were arrested by US authorities in Texas, the US Justice Department said Thursday. “Ismael Mario Zambada Garcia is the long-time leader of the Zambada Garcia faction of the Sinaloa Cartel.

Persons: CNN —, Ismael “ El, General Merrick Garland, Joaquin Guzman Lopez, Guzman, Joaquin “ El Chapo ” Guzman, Zambada, Guzman Lopez, Ismael “ El Mayo ” Zambada, Guzmán, Rosa Icela Rodriguez, “, ” Rodriguez, Andres Manuel Lopez Obrador’s, Rodriguez, Rodriquez, ” Garland, extraditions, “ Ismael Mario Zambada Garcia, Zambada Garcia, Christopher Wray, ” Wray, Anne Milgram, El, ”, Vicente Zambada Niebla, Chapo, “ El, “ El Mayo ” Zambada Organizations: CNN, Ismael “ El Mayo ” Zambada, FBI, Reuters, Ismael “ El Mayo ”, US Justice Department, US Department of State, AP, Mexico’s National Immigration Institute, Cessna, Justice Department, US State Department, Drug, Administration, ”, Sinaloa Cartel, Eastern, of, ” CNN, “ El Mayo ”, Police, Border Patrol Locations: Mexican, United States, Sinaloa, El Paso , Texas, Mexico, El Paso, Santa Teresa, “, Mexico’s Sinaloa, Texas, Hermosillo, Illinois, Chicago, Guatemala, Brooklyn, of New York, Ciudad Juarez, American, Juarez, Columbus , New Mexico

☆ Opinion: I’m a former Olympic swimmer who almost drowned as a child. It’s a preventable danger
▼ + stars: | 2024-07-25 | by ( Opinion Cullen Jones | ) edition.cnn.com time to read: +6 min

In the 1960s, many public pools were filled with concrete or destroyed to avoid allowing Black Americans to swim in them. In fact, park managers opted to shut down the Historic Audubon Park Natatorium in New Orleans, the largest public pool in the South, rather than see it integrated. Black children ages 10-14 years drown in swimming pools at a rate that is almost 8 times higher than White children. Third places are incredibly important for public health and wellbeing however because they give people a place to socialize and build community. We also need better national data about our public pool system that goes beyond project- or funding-specific tracking.

Persons: Cullen Jones, Cullen Jones Maddie Meyer, Paris —, Heather McGhee, Prosper Organizations: USA, Foundation, CNN, Olympics, Rutgers Aquatic Center, ”, White Americans, Black, Historic Audubon, Disease Control, Prevention, Trust, Community Locations: @CullenJones, Philadelphia, Paris, Newark , New Jersey, ”, United States, New Orleans, White

☆ Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
▼ + stars: | 2024-07-25 | by ( Ellie Stevens | ) www.cnbc.com time to read: +1 min

It's a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut. Franklin Templeton is one of the nine spot ether ETF applicants which got approval Tuesday from the Securities and Exchange commission. CEO Jan Van Eck expects spot ether ETFs will help investors diversify, but he sees a different energy level for spot ether ETFs. "I don't think they're going to be the same, same kind of hit [as spot bitcoin ETFs]" Van Eck said. Long-term, Morningstar's Ben Johnson considers the volumes for spot ether ETFs as normal because they're roughly proportional to the relative market cap of ether versus bitcoin .

Persons: Franklin Templeton, —, David Mann, CNBC's, Jan Van Eck, Van Eck, Morningstar's Ben Johnson Organizations: Securities, Exchange, Franklin Ethereum Locations: cryptocurrencies

☆ Barbie’s gynecologist appointment increased online search interest around reproductive health, new study finds
▼ + stars: | 2024-07-25 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

CNN —When she leaves Barbie Land for the real world, Barbie must keep up with her regular health maintenance, which includes seeing her gynecologist. Those examples and others inspired the researchers to look into the “Barbie” effect on interest in women’s reproductive health. But the authors noted that an increase in seeking gynecologic care may not be accurately captured in search trends. It’s possible that the searches were from people who don’t need gynecologic care, the authors note in the study. “I feel like (the scene) starts the conversation — anything that starts the conversation about reproductive health tends to cause folks to want to explore that and go in and take a look at what they should be doing about their own health,” Irobunda said.

Persons: Barbie, Barbie ”, ”, Katie Couric, Angelina Jolie, Eva Sénéchal, ” Sénéchal, he’s, Nitu, Bajekal, —, “, “ I’m, Barbie exuberantly, ‘, ’, Kate Connors, “ Barbie, Greta Gerwig, ‘ Barbie, ” Gerwig, Gynecologists, Heather Irobunda, ” Irobunda Organizations: CNN, JAMA, McGill University, American College of Obstetricians, USA Today, The American College of Obstetricians, New York, New York City Health, Hospitals Corporation Locations: Montreal, London, Perimenopause, New, New York City

☆ Boeing's crewed Starliner flight won't return until at least August, NASA says
▼ + stars: | 2024-07-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Boeing's crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold while the company and agency study problems that arose early in the flight. Starliner capsule "Calypso," which carried NASA astronauts Butch Wilmore and Suni Williams to the ISS, has now been in space 50 days and counting. NASA needs to conduct a review that won't happen until the first week of August, Stich said, and only after that review will the agency schedule Starliner's return. Currently, the organizations are analyzing the thruster that was tested in White Sands and this weekend expect to have the Starliner capsule conduct test firings while docked with the ISS. Stich acknowledged again that NASA has contingency plans in case the agency determines that Starliner should return without Wilmore and Williams — alternatives that include using SpaceX's Dragon capsule to bring back NASA's astronauts.

Persons: Butch Wilmore, Suni Williams, Steve Stich, we're, " Stich, Stich, Williams Organizations: International, Station, NASA, Boeing Locations: White Sands , New Mexico, White Sands

☆ AI comes to the Olympics: In Paris, new tech will change your view of the Games
▼ + stars: | 2024-07-25 | by ( Matthew Futterman | ) www.nytimes.com time to read: +7 min

Follow our Olympics coverage from the Paris Games. In real-time, the high-tech cameras can calculate each athlete’s stroke rate and the distance they are covering. The expansive beach volleyball court requires a lot of movement to cover during a match. (Daniel Leal / AFP via Getty Images)Running on the beach, quick moves on the tennis courtThe first thing anyone who tries to play beach volleyball realizes is how insanely large the court is. “This is why Computervision and AI are so helpful,” he said, especially with engineers focusing so heavily on biomechanics rather than biometrics.

Persons: Alain Zobrist, Zobrist, “, ” Zobrist, Greg Louganis, Clive Rose, Smart, bib, who’s, Daniel Leal, Roland Garros, won’t, Alexander Zverev, ”, Ulrik Pedersen, NurPhoto Organizations: Paris Games, Olympic Games, Olympics, Omega, Games, NBC, Eiffel, Aquatic, Getty, Roland, U.S, Tokyo Locations: Paris, American, Seoul, Louganis

☆ Man accused of stabbing author Salman Rushdie is charged with federal terrorism-related counts
▼ + stars: | 2024-07-24 | by ( Nicki Brown | ) edition.cnn.com time to read: +2 min

CNN —The man accused of stabbing author Salman Rushdie was charged with three federal terrorism-related counts, according to a grand jury indictment unsealed Wednesday. Hadi Matar is charged with committing an act of terrorism transcending national boundaries, attempting to provide material support to a foreign terrorist organization and providing material support to terrorists. Matar has already pleaded not guilty to state charges of second-degree attempted murder and second-degree assault in connection with the stabbing. Matar recently rejected a state plea deal that would have tied in a federal terrorism-related charge and reduced his state prison sentence. Matar will appear in federal court at 2 p.m. Wednesday in Buffalo, New York, according to court records.

Persons: Salman Rushdie, Hadi Matar, Rushdie, Matar, “, Matar “, Nathaniel Barone, ” Barone, ”, Ruhollah Khomeini, Prophet Mohammed, Nouran Salahieh Organizations: CNN, Chautauqua Institution Locations: New York, “, United States, Buffalo , New York

The birdie is about the fastest projectile you’ll see at these Olympics, and it’s as light as a feather — literally. When you’re watching the Games, keep in mind just how much an object’s speed can determine the outcome. Is the object fast enough to go great distances? Is it fast enough to befuddle an opponent? Follow The New York Times Olympic coveragePlay againMethodology: The speeds of the objects were collected using a sports radar gun.

Persons: It’s, you’re, we’ve, Ming Tan, Chris Huffins, Marissa Chew, , Yu Shao Organizations: Summer, New York Times, Lancaster Archery Academy, Badminton Center, Texas Christian University, Yu Shao , New York Indoor Sports Club, Volleyball, Guinness Locations: Long, Yu Shao ,

☆ How startups can get in top shape for an IPO, according to Silicon Valley lawyer Louis Lehot
▼ + stars: | 2024-07-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

Louis Lehot, a Silicon Valley law-firm partner, specializes in taking companies from startup to IPO. The IPO market is expected to pick up later this year, so Business Insider emailed Silicon Valley lawyer Louis Lehot, a partner at Foley & Lardner, for advice on how startups should prepare for life as public companies. Are public market investors generally keen to invest in IPOs, or are they focused elsewhere? Public market investors are selective, focusing on established profitability and sustainable growth over speculative, high-growth stories. What are the key process changes companies need to make ahead of an IPO?

Persons: Louis Lehot, Lehot, —, Lardner, Collison Organizations: Service, Foley, Healthcare, Biotech, Green Energy, Enterprise, Street, Investor

☆ New Zealand enquiry finds 200,000 children and vulnerable adults abused in care, leader says ‘we should have done better’
▼ + stars: | 2024-07-24 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

CNN —New Zealand Prime Minister Christopher Luxon expressed regret on Wednesday after a public enquiry found some 200,000 children, young people and vulnerable adults were abused in state and religious care over the last 70 years. Prime Minister Christopher Luxon speaks during the release of The Royal Commission of Inquiry into Abuse in Care report on July 24, 2024 in Wellington, New Zealand. Hagen Hopkins/Getty ImagesThe report by Royal Commission of Inquiry spoke to over 2,300 survivors of abuse in New Zealand, which has a population of 5.3 million. The inquiry detailed a litany of abuses in state and faith-based care, including rape, sterilisation and electric shocks, which peaked in the 1970s. Those from the Indigenous Maori community were especially vulnerable to abuse, the report found, as well as those with mental or physical disabilities.

Persons: Christopher Luxon, ” Luxon, Hagen Hopkins, Pope, of, Charlotte Graham, Luxon, ”, Tracey McIntosh Organizations: CNN, Zealand, Royal Commission of, Royal Commission, Safe Agency, University of Auckland Locations: New, Wellington , New Zealand, New Zealand, of Canterbury

☆ Jordan Chiles is competing in her second Olympics in Paris. Meet the gymnast who already counts Beyoncé and Michael Jordan as fans.
▼ + stars: | 2024-07-24 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Jordan Chiles has been a gymnast since the age of six. The 5'5 athlete grew up in Vancouver, WA, and was named after Michael Jordan, according to her profile on Team USA's website. Chiles told The Times that she considered quitting in 2017 after having a difficult experience with her former coaches. Jordan Chiles and Simone Biles train together and have been friends for years. "Hey Jordan, this is Michael Jordan.

Persons: —, Jordan Chiles, Simone Biles, Chiles, Elsa, Michael Jordan, Suni Lee, Hezly Rivera, Jade Carey, Timothy, Gina Chiles, she'd, Biles, Carter, Beyoncé, Hey Jordan, Here's, Hope Organizations: Service, Paris Olympics, USA, Business, US, USA's, The New York Times, Times, The Times, UCLA, NBC, Nike, Beyoncé's Locations: Paris, Washington, Vancouver , WA, Texas, Tokyo

☆ Inflation, $2,000 camps are creating a summer crisis for working parents: 'It is complete chaos'
▼ + stars: | 2024-07-24 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

And it will cost Kelley and her husband Richard about $2,000 for their only child. When Kelley searched for full-time, five-day summer camps near Saint Johnsbury, Vermont, where her family lives, she says she couldn't find any options. By the time school starts in August, Kelley's son will have attended day camps in Vermont, New Hampshire and Minnesota, where they'll stay with relatives. All the camps cost between $150 and $400 per week. The local day camp they used last summer closed because of staffing shortages.

Persons: Julie Kelley, Kelley, Kelley's Organizations: CNBC, Federal Reserve, American Camp Association Locations: Vermont, Saint Johnsbury , Vermont, Burlington , Vermont, Vermont , New Hampshire, Minnesota, U.S

☆ Trump Lawyers Distance Themselves From Alina Habba in Fraud-Trial Appeal
▼ + stars: | 2024-07-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewIt's been 10 months since Donald Trump's New York civil-fraud defense lawyers were ordered to pay $7,500 each in sanctions for filing repetitive and frivolous legal motions. The brief argues that in sanctioning the civil-fraud defense lawyers in September, the judge improperly referenced two prior Habba matters that resulted in sanctions for her and Trump. AdvertisementHabba wasn't among the five fraud-trial defense lawyers hit with the small, largely symbolic sanctions last September because her name wasn't on the motions Engoron attacked as "frivolous." Habba and other Trump lawyers didn't immediately respond to a request for comment on the appeal. AdvertisementA nearly $500 million judgment — set by Engoron in February against Trump, The Trump Organization, and key longtime executives — remains on hold during Trump's appeal.

Persons: —, Donald Trump's, Arthur Engoron, Alina Habba, Trump, Hillary Clinton, Engoron, Clifford Robert, Michael Farina, Christopher Kise, Armen Morian, Michael Madaio, who's, Robert, Farina, Kise, Morian, — weren't, Letitia James, didn't Organizations: Service, New, Business, Trump, Engoron, The Trump Organization, Associated Press Locations: York, Florida, Bedminster , New Jersey, New York

☆ Dollar firms as commodities slide and carry unwinds
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +3 min

Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.

Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia

☆ Trump Lawyers Distance Selves From Alina Habba in Fraud-Trial Appeal
▼ + stars: | 2024-07-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewIt has been 10 months since Donald Trump's New York civil-fraud defense lawyers were ordered to pay $7,500 each in sanctions for filing repetitive and frivolous legal motions. The brief argues that in sanctioning the civil fraud defense lawyers in September, the judge improperly referenced two prior Habba matters that resulted in sanctions for her and Trump. Habba and other Trump lawyers did not immediately respond to a request for comment on the appeal. AdvertisementA nearly $500 million judgment — set by Engoron in February against Trump, the Trump Organization, and key longtime executives — remains on hold during Trump's appeal. Of that sum, Trump personally owes $471 million, as of Tuesday, including $17 million in post-judgment interest.

Persons: —, Donald Trump's, Arthur Engoron, Alina Habba, Trump, Hillary Clinton, Engoron, Habba, Clifford Robert, Michael Farina, Christopher Kise, Armen Morian, Michael Madaio, Robert, Farina, Kise, Morian, James Organizations: Service, New, Business, Trump, Engoron, Trump Organization, Associated Press Locations: York, Florida, Bedminster , New Jersey, New York

☆ Retailers shift their thinking on costly last-mile delivery as consumer need for speed raises costs
▼ + stars: | 2024-07-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Consumer need for speed in package delivery, which has reached its apex with same-day shipping, has placed retailers in a tough spot when it comes to managing transportation costs. Retail executives surveyed say as more — especially younger — consumers demand same-day delivery, the financial payoff isn't there. Roughly three-quarters (76%) of retail executives surveyed by AlixPartners said delivery cost on a per-package basis has increased since last year, and three out of four said home delivery does not add to profitability. 1 priority for last-mile delivery. To save on delivery costs, retailers are moving away from reliance on single carriers in last-mile delivery.

Persons: AlixPartners, Marc Iampieri, Iampieri Organizations: UPS, FedEx, Retail, Carriers, Teamsters Locations: Manhattan, New York City

☆ NBA rejects Warner Bros. Discovery matching offer in bid to retain games, setting up potential legal showdown
▼ + stars: | 2024-07-24 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

“Warner Bros. Discovery’s most recent proposal did not match the terms of Amazon Prime Video’s offer and, therefore, we have entered into a long-term arrangement with Amazon,” the NBA said in a statement. Disney will retain the NBA Finals, a Christmas Day game broadcast, Wednesday games on ESPN, Saturday prime time games on ABC and Sunday showcase packages. Finishing out the trio, Amazon’s Prime Video will stream the emirates NBA Cup, SoFi NBA Play-In Tournament, and both Thursday and Friday night games. Amazon will also serve as the league’s strategic partner and third-party global destination for the NBA League Pass. The agreements include more nationally broadcast games than in previous years, the NBA shared, adding that all national games will also be available on broadly distributed steaming services.

Persons: “ Warner, ”, Turner, WBD, ” Adam Silver, Peacock Organizations: New, New York CNN, NBA, Wednesday, Warner Bros, Amazon Prime, “ Warner Bros, Amazon, ESPN, Turner Sports, TNT, TNT Sports ’, Disney, ”, Prime, ABC, NBC, Sunday Locations: New York, United States

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