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☆ Trump delivers fiery post-indictment speech: 'They're coming after you'
▼ + stars: | 2023-06-10 | by ( Matt Dixon | ) www.cnbc.com time to read: +8 min

They're coming after you — and I'm just standing in their way," Trump said. The indictment alleged that Trump not only withheld classified documents but lied to federal agents and investigators about his involvement. Another person in attendance was the conservative Trump ally Rep. Marjorie Taylor, R-Ga., whom the former president brought onstage for brief remarks. He said the details of the Trump indictment were "devastating." Trump was also set to speak at the North Carolina Republican Party's annual convention on Saturday night.

Persons: Donald Trump's, Trump, — Donald Trump's, they're, They're, Biden, Jack Smith, Smith, Joe Biden, Brian Kemp, Brad Raffensperger, Raffensperger, Kemp, Burt Jones, Marjorie Taylor, —, Kari Lake, That's, Ron DeSantis, Hunter, DeSantis, Chris Christie, Sen, Mike Rounds, Mike Pence Organizations: Newark International Airport, Biden administration's weaponized Department, Injustice, Georgia Republican, Columbus Convention, Trade Center, Trump, Justice Department, FBI, DNC, Republican, Fox News Saturday, Gov, Army, Arizona, Georgia Republicans, National Rifle Association, New, Republicans, North, North Carolina Republican Locations: Newark , N.J, Georgia, North Carolina, COLUMBUS, Chattahoochee, Columbus, Trump, Miami, Florida, New Jersey, America, New York, Iowa

☆ Trump set to deliver fiery post-indictment speech: 'They're coming after you'
▼ + stars: | 2023-06-10 | by ( Matt Dixon | ) www.cnbc.com time to read: +7 min

"In the end, they're not coming after me, they're coming after you -- and I'm just standing in their way," Trump will say, according to his prepared remarks. The indictment alleges Trump not only withheld classified documents but lied to federal agents and investigators about his involvement. "The weaponization of federal law enforcement represents a mortal threat to a free society," Florida Gov. He said the details of the Trump indictment is "devastating." Trump was also set to speak at the North Carolina Republican Party's annual convention on Saturday night.

Persons: Donald Trump's, Trump, — Donald Trump's, they're, Jack Smith, Joe Biden, Brian Kemp, Brad Raffensperger, Kemp, Raffensperger, Burt Jones, Biden, Kari Lake, That's, Ron DeSantis, Hunter, DeSantis, Chris Christie, Sen, Mike Rounds, Mike Pence Organizations: Newark International Airport, Georgia Republican, Columbus Convention, Trade Center, America, FBI, DNC, Trump, Republican, Fox News, Gov, Arizona, Georgia Republicans, National Rifle Association, Department, Justice, New, Republicans, Department of Justice, North, North Carolina Republican Locations: Newark , N.J, Georgia, North Carolina, COLUMBUS, Chattahoochee, Columbus, Trump, State, Miami, Florida, New Jersey, America, New York, Iowa

☆ A.I. will give cyberattack defenders an 'asymmetrical advantage,' says Microsoft
▼ + stars: | 2023-06-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. will give cyberattack defenders an 'asymmetrical advantage,' says MicrosoftTom Burt of Microsoft says that while cyberattacks have become more sophisticated, in the longer run, he is optimistic that A.I. will grant an advantage to defenders rather than those who weaponize it.

Persons: Microsoft Tom Burt Organizations: Microsoft

☆ Here's what earnings from industry rivals mean for two Club names
▼ + stars: | 2023-06-01 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

And that's what we care most about as investors in the cybersecurity industry since February, when we first took a position in Palo Alto . "We don't see the demand for cybersecurity slowing down.," Palo Alto CEO Nikesh Arora told CNBC Thursday. Palo Alto last week delivered a quarterly beat, while raising its full-year earnings guidance . We prefer Palo Alto over CrowdStrike for multiple reasons, including the former's profitability profile, its leading multi-platform approach and Arora's deft leadership. With ample growth still ahead, we're staying long Palo Alto.

Persons: Palo, Nordstrom, Macy's, Jeff Gennette, Gennette, Wednesday's, Erik Nordstrom, —, CrowdStrike, Burt Podbere, Podbere, Nikesh Arora, we're, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: Nordstrom, TJX Companies, Palo Alto Networks, Marshalls, Palo, CNBC, Palo Alto, TJ Maxx, Bloomberg, Getty Locations: New York, U.S, Palo Alto, CrowdStrike, Peoria , Illinois

☆ CrowdStrike shares tumble as revenue shows signs of slowing
▼ + stars: | 2023-05-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth. : 57 cents, adjusted, vs. 51 cents expected. Revenue: $692.6 million, vs. $676.4 million expected. CrowdStrike swung to a profit of $500,000, or breakeven per share, compared with a loss of $31.5 million, or 14 cents a share, a year ago. The company offered current quarter guidance of $717.2 million to $727.4 million, compared with a consensus range of $698 million to $742 million.

Persons: CrowdStrike, George Kurtz, Burt Podbere, Kurtz Organizations: Revenue, Nasdaq, Microsoft, U.S . Navy, National Security Agency, U.S . Department of Justice Locations: cybersecurity, China, U.S, Guam

☆ A 'Big Short' investor who called the 2008 housing-market collapse warns about another big threat to home prices
▼ + stars: | 2023-05-30 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +2 min

"Big Short" investor Dave Burt said people don't see how the climate crisis will hurt home values. He told CNBC that that mortgage lenders aren't taking into account climate risk, like flooding. He warned that the housing market is in for a 2008-level price correction if the pattern continues. "Ultimately, until people have good information about what these climate-related costs are going to look like, we're creating new problems every day," Burt told CNBC. If this does not change, he warned, the housing market is in for another crash: a 2008-level price correction.

☆ A 'Big Short' investor sees financial disaster brewing in housing markets — again
▼ + stars: | 2023-05-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

A 'Big Short' investor fears an often-overlooked climate risk could see history repeating itself in the housing market. He helped two of the protagonists of Michael Lewis' bestselling book "The Big Short" bet against the mortgage market in the lead-up to the 2008 economic collapse. Now, Burt believes the mortgage market is underestimating another systemic issue: flood risk. If realized, he warns the fallout could resemble the massive correction seen during the global financial crisis. So, why does the U.S. housing market seem to be underestimating the cost of flooding?

☆ Fact Check-Burning Bible or pride flag is protected in US, absent other crimes
▼ + stars: | 2023-05-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

But if you burn a trans Pride flag, it’s a hate crime. Another example on Facebook adds that burning the Bible and the U.S. flag is “permitted” (here). However, said Robert Post, a law professor at Yale Law School (law.yale.edu/robert-c-post), the First Amendment does not protect an individual from liability for burning a pride flag or Bible. “If you burn someone else’s Pride flag with the intent of trashing gays because of their status, it might be a hate crime,” Neuborne said. Burning the Bible and the pride flag are protected by the U.S. Constitution’s First Amendment, but circumstances of the burning can lead to charges for hate crime or other types of crimes.

☆ Why retail theft is soaring: inflation, the economy – and opportunity
▼ + stars: | 2023-05-23 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +7 min

But as economic fears grow amid inflation and rising borrowing costs, shoplifting often comes with the territory, industry watchers say. Need and opportunity become forceful catalysts for driving up incidents of retail crime, experts said. He described two types of store theft plaguing retailers currently. “This is organized retail crime. “What’s happening in the overall economy matters when you analyze retail crime overall, but also what is happening more locally, in towns and neighborhoods,” said Hayes.

Persons: Nordstrom, can’t, ”, Read Hayes, criminologist, Hayes, Burt Flickinger, “, Mark Cohen, Cohen, Brian Cornell, Cornell, ” Cornell, that’s, Doug McMillon Organizations: New, New York CNN —, Foods, University of Florida, Prevention Research Council, Walmart, Target, Strategic Resource, Gallup, Columbia Business School, National Retail Federation, CNN, ” Walmart, CNBC Locations: New York, San Francisco, Target

☆ Etsy launches wedding registry service for handmade gifts in wake of Bed Bath & Beyond bankruptcy
▼ + stars: | 2023-05-10 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Etsy launched a wedding registry service Wednesday. The move comes as some stores roll back wedding registry services and on the heels of Bed Bath & Beyond's bankruptcy. In conjunction with the launch of the registry service, Etsy published several blog posts outlining popular wedding trends and gift ideas. Personalized wedding and bridal gifts have long been popular on Etsy and frequently showcased in gift guides. Other recent retail closures, restructurings, and bankruptcy filings from companies like JCPenney, Lord & Taylor, Barneys, and Neiman Marcus have also impacted the registry market, retail expert Burt Flickinger told CNN.

☆ Etsy is wasting no time jumping into the wedding registry business
▼ + stars: | 2023-05-10 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

While Bed Bath and Beyond and its popular wedding registry service teeter on the edge, Etsy is stepping in to fill any potential void. Etsy announced on Wednesday that the online marketplace for handcrafted items is launching its own wedding registry. In addition to selecting registry items from Etsy’s vast offerings of handmade and vintage items, the company said the Etsy Registry will also provide couples with a personalization service for nuptial-related paraphernalia, such as wedding decor and bridal party items. “So, launching Etsy Registry was a natural next step,” she said. Etsy has launched its own wedding registry called Etsy Registry.

☆ Opinion | Read This Before Shopping for Your Bud Light Replacement Beer
▼ + stars: | 2023-04-29 | by ( Matthew Walther | ) www.nytimes.com time to read: +3 min

In the words of a television spot from 1979: “It’s not city beer. Rather than acknowledge Bud Light’s place in a faceless globalized chain of ownership, advertisements for the beer attempt to underscore its supposedly distinctive American and working-class character. Some years ago a series of advertisements featured the Bud Knight, a character who figured in faux-medieval settings alongside a royal personage known as the Dilly Dilly King. In one spot, the king enters a tavern and orders “Bud Lights for everyone,” eliciting cries of approval from the assembled crowd. The implication is that Bud Light is for ordinary decent people who just want to have a good time with their friends, not smug effete connoisseurs.

☆ I made $194,000 in a year as a freelancer taking pictures of M&Ms, Burt's Bees, and other products. Here's the exact email I used to land clients.
▼ + stars: | 2023-04-28 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +8 min

See the email template Schlabs uses to land clients such as Burt's Bees and M&M's. I studied marketing at college and had a marketing job lined up but decided to instead go into freelance product photography after I graduated. I decided to try product photography freelanceWhen I left college in May 2020, I decided to try out product-photography freelancing. My name is Deidre Schlabs, I own Fluff Media, a full-service photography agency focusing on editorial and content product photography. I am reaching out to see if you are in need of product photography and/or social media content creation.

☆ Got a stash of Bed Bath & Beyond coupons? You'd better use them soon
▼ + stars: | 2023-04-23 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

Bed Bath & Beyond said it would sell off its merchandise and then go out of business. Instead, Bed Bath & Beyond expects to offer “deep discounts” on its products as part of its going-out-of-business sales. Bed Bath & Beyond, a staple of wedding registries for years, said customers who registered with Bed Bath & Beyond will eventually have their information transferred to a competitor’s service, where guests can purchase similar items. With stores closed for months, and consumers rethinking their nonessential purchases, Bed Bath & Beyond sales and profit took a hit. Now that the company is going through a liquidation process, Bed Bath & Beyond said it’s the end of the road for the coupons.

☆ A hidden time bomb? A 'Big Short' investor sees financial disaster brewing in housing markets
▼ + stars: | 2023-04-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +7 min

Josh Edelson | Afp | Getty ImagesMore than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a "Big Short" investor once again sees financial disaster brewing in the real estate market. Now, Burt believes an overlooked climate risk could see history repeating itself. U.S. housing market overvalued? watch now"The biggest reason why it matters from our perspective is that climate risk isn't being priced into the housing market," Jeremy Porter, head of climate implications at First Street Foundation, told CNBC. 'A humanitarian crisis'Far from a domestic issue, Burt stressed the climate risks associated with the U.S. housing market posed a major problem for countries worldwide.

☆ Some TD shareholders urge bank to ditch or renegotiate First Horizon deal
▼ + stars: | 2023-04-04 | by ( Maiya Keidan | ) www.reuters.com time to read: +3 min

Regional lenders in the U.S. face a crisis of confidence after the collapse of Silicon Valley Bank and Signature Bank last month. First Horizon shares are trading almost 30% below TD's offer price of $25 each, which points to the high risk to the deal closing. TD offered a 37% premium to buy First Horizon more than a year ago in a deal that would make TD the sixth-largest U.S. bank, operating in 22 states. Even the shareholders who support TD going ahead with the deal say it should not pay the original price proposed. A First Horizon top-20 shareholder told Reuters he expects the deal to be extended with no other changes.

☆ Spring training roundup: A's yield inside-the-park HR, rally past Angels
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +5 min

Taylor Ward scored an inside-the-park home run for the Angels in the first inning. Ward's liner to center got past a diving Esteury Ruiz, and the A's were slow to chase it down. Jake Cave hit his third homer of spring training for Philadelphia, while Pirates veteran Andrew McCutchen hit his first of the spring, a two-run shot. Washington got a two-run homer from Victor Robles and outhit St. Louis 15-6. The Giants had 16 hits, hanging six hits and six runs on Dodgers starter Noah Syndergaard (1-2) over 4 1/3 innings.

☆ Fact Check-‘The Simpsons’ did not predict collapse of Silicon Valley Bank
▼ + stars: | 2023-03-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A clip from a 1995 episode of “The Simpsons” animated series that shows the Silicon Valley Bank (SVB) running out of money has been altered to claim that the show predicted the start-up focused bank’s collapse decades ahead of its time. In the video, panic ensues as character Burt Simpson announces to customers waiting at a bank “What do you mean the bank is out of money? The bank in the original episode is the First Bank of Springfield, named after the fictitious town, where the show is set. Reuters has previously fact-checked several other claims that falsely suggested “The Simpsons” predicted important world events (here), (here) and (here). A 1990s episode of The Simpsons about a bank failure was edited to substitute the name Silicon Valley Bank instead of First Bank of Springfield.

It was created by OpenAI, a private company backed by Microsoft Corp (MSFT.O), and made available to the public for free. Its ubiquity has generated fear that generative AI such as ChatGPT could be used to spread disinformation, while educators worry it will be used by students to cheat. A second congressional aide described the discussions as focusing on the speed of changes in AI and how it could be used. In an interview with Time, Mira Murati, OpenAI's chief technology officer, said the company welcomed input, including from regulators and governments. "The whole value proposition of these types of AI systems is that they can generate content at scales and speeds that humans simply can't," he said.

"Because the consumer is now under more pressure, and Walmart is under pressure, that sets up a dynamic where there's probably not a lot of pricing going forward." The clout Walmart holds over suppliers also means that Walmart would likely get the lowest percentage of any price hikes manufacturers implement, according to investors who track the company. In 2018, Walmart pulled Campbell Soup Co's (CPB.N) products during the key winter season over a dispute over prices and shelf space promotion. At the time, Tesco labeled Heinz's price hikes as "unjustifiable." After raising prices four times in 2022, he said, Clorox doesn't "have any additional plans" to hike prices this year.

☆ Adidas says dropping Kanye West could cost it more than $1 billion in sales
▼ + stars: | 2023-02-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. The company warned Thursday that it’s expected to lose $1.3 billion (1.2 billion euro) in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. Adidas said selling the sneakers under its own branding would save the company about $300 million in royalty payments and marketing fees. Other options including destroying it or donating unsold Yeezy clothing. Adidas said it also expects “one-off costs” of $213 million (200 million euro) because of a “strategic review” the company is currently undergoing.

☆ U.S. composer Burt Bacharach dies at age 94
▼ + stars: | 2023-02-09 | by ( Bill Trott | ) www.reuters.com time to read: +6 min

Bacharach and David had 30 Top-40 hits in the '60s alone. I'd hear his melodies and I'd hear lyrics. I'd hear rhymes, I'd hear thoughts and I'd hear it almost immediately." Bacharach and David scored the Neil Simon Broadway musical "Promises, Promises," which won them two Tonys and a Grammy. While star performers made his songs hits, Bacharach said he also enjoyed performing himself and making a personal connection with smaller audiences.

☆ Burt Bacharach, legendary composer of pop songs, dies at 94
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: +10 min

Bacharach was both an innovator and throwback, and his career seemed to run parallel to the rock era. He was an eight-time Grammy winner, a prize-winning Broadway composer for "Promises, Promises" and a three-time Oscar winner. Fellow songwriter Sammy Cahn liked to joke that the smiling, wavy-haired Bacharach was the first composer he ever knew who didn't look like a dentist. Bacharach was essentially a pop composer, but his songs became hits for country artists (Marty Robbins), rhythm and blues performers (Chuck Jackson), soul (Franklin, Luther Vandross) and synth-pop (Naked Eyes). He's everybody's composer ... Burt Bacharach!"

☆ Activision Blizzard to pay $35mln to settle workplace charges, U.S. SEC says
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Feb 3 (Reuters) - Activision Blizzard has agreed to pay $35 million to settle allegations over its handling of workplace complaints and violations of whistleblower protection rules, U.S. financial regulators said on Friday. "Activision Blizzard failed to implement necessary controls to collect and review employee complaints about workplace misconduct, which left it without the means to determine whether larger issues existed that needed to be disclosed to investors,” said Jason Burt, who heads the Securities and Exchange Commission's Denver office, said in a statement. Reporting by Susan Heavey; Editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.

[1/2] The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake/File PhotoWASHINGTON/NEW YORK, Feb 3 (Reuters) - Activision Blizzard Inc (ATVI.O) has agreed to pay $35 million to settle U.S. Securities and Exchange Commission charges that it failed to have systems in place to properly handle employee complaints and violated whistleblower protection rules, the regulator said on Friday. The SEC said the company knew employee retention issues were "a particularly important risk in its business" but did not have adequate measures in place to manage workplace misconduct complaints between 2018 and 2021. Representatives for Activision Blizzard, which did not admit or deny the SEC's charges, said in a statement they were "pleased to have amicably resolved this matter" and had "enhanced" their workplace reporting and contract language. Microsoft Corp (MSFT.O), which makes Xbox, had made a $69 billion bid to acquire Activision Blizzard, but the Federal Trade Commission asked a judge in December to block the transaction.

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