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☆ Calls of the Day: AMD, American Express, Snowflake and Uber
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: AMD, American Express, Snowflake and UberThe Investment Committee discuss the latest Calls Of The Day.

Organizations: American Express, The Investment

☆ Asia markets are mixed ahead of Fed and BOJ decisions this week; Australia and China markets closed
▼ + stars: | 2024-06-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were mixed on Monday after a stronger-than-expected U.S. jobs report on Friday revealed hiring and wage growth picked up in May. This adds to the narrative the Fed doesn't have to rush to lower interest rates. Traders don't expect the Federal Open Market Committee to cut rates at its meeting this week or the next meeting in July. This week in Asia, investors will be looking at Japan's first-quarter gross domestic product numbers on Monday, followed by the Bank of Japan's rate decision on Friday. Separately, China and India's inflation numbers for May will be released on Wednesday.

Organizations: Bank of Japan, Bank of Locations: Tokyo . Asia, Pacific, Asia, China

☆ A top US Army general says it's not the right time to build a new drone branch
▼ + stars: | 2024-06-10 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

Read previewUS Army Gen. James Rainey, who serves as the commanding general of Army Futures Command, said it's too soon for the service to establish a new drone branch, reiterating a point made by other Army leaders. These systems have been used for strikes, reconnaissance, targeting, and more on a scale previously unseen, and Ukraine established a drone branch earlier this year. That said, top Army officials don't feel a drone branch is needed right now. AdvertisementArmy Undersecretary Gabe Camarillo previously pushed back on the proposal to establish a drone corps. "I don't think it would be helpful to have a separate drone branch," he said.

Persons: —, James Rainey, it's, Rainey, Thomas Karako, Rob Wittman, Virginia, Gabe Camarillo, we're, Randy George Organizations: Service, Army Futures Command, Center for Strategic, International Studies, Business, Army, Aerial, House Armed Services Committee, CSIS Locations: Ukraine, Europe

☆ DNC is infusing $2 million into state parties in push to win key down-ballot races and boost voter registration efforts
▼ + stars: | 2024-06-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewThe Democratic National Committee is spending nearly $2 million in additional targeted state investments to boost down-ballot candidates and fund critical voter registration efforts ahead of November. In South Dakota, national Democrats are investing $70,000 in a critical voter registration program to boost turnout among Native Americans. The DNC is also investing additional money for state parties in Colorado, Kansas, Maryland, Minnesota, Nebraska, New Mexico, Texas, Utah, and Washington State. AdvertisementSome of the key down-ballot races the national party will target with the funding are the Maryland Senate contest between Democrat Angela Alsobrooks and former GOP Gov. In Texas, the national party will spend an additional $45,000 on organizing efforts to boost voter registration before the fall.

Persons: —, Joe Biden, Jaime Harrison, Donald Trump, Harrison, Angela Alsobrooks, Larry Hogan, Gabe Vasquez, Yvette Herrell, Colin Allred's, Ted Cruz, The Trump Organizations: Service, Democratic National Committee, Business, Republicans, DNC, Indiana Democrats, Washington State, Maryland Senate, GOP Gov, New, Congressional, Democratic, GOP, Republican National Committee, RNC Locations: Indiana, South Dakota, Colorado , Kansas , Maryland, Minnesota , Nebraska, New Mexico , Texas , Utah, Maryland, New Mexico, In Texas, Texas, Manhattan, Montana and Ohio

☆ India elections: Modi and his Hindu nationalist BJP have another five years in power. What does it mean for the world?
▼ + stars: | 2024-06-08 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

CNN —Narendra Modi has raised India’s stature on the global stage like no other recent leader of the world’s most populous country. But the election results also place Modi in a radically different position from the one he enjoyed during his first decade in power. Now, Modi’s BJP will need to answer the interests of its coalition allies – and face stronger checks from a resurgent opposition, which could dampen its Hindu-nationalist agenda. In the meantime, some observers suggest that while the election results may not have boosted Modi, they are already a boon for India’s global clout. “India coming back as a proper democracy is good for the world order in many senses,” he added.

Persons: CNN — Narendra Modi, –, Modi, ”, T.V, Paul, “, Nehru, ” Modi, Joe Biden, Pete Marovich, that’s, Washington, Farwa Aamer, assertiveness –, Justin Trudeau, Nasir Kachroo, Pakistan –, Sushant Singh, Fahd Humayun, India’s Organizations: CNN, Bharatiya Janata Party, BJP, Reuters, Japan, South Asia, Asia Society Policy, Modi . Canadian, Canadian, Yale University, Indian, Tufts University, ”, McGill University Locations: India, Delhi, United States, China, Pakistan, Australia, New York, New Delhi, Washington, Russia, Canada, Indian, American, Jammu, Kashmir, Modi’s BJP, BJP, Islamabad

For much of the war, Ukraine has been constrained when it comes to using powerful Western weapons against Russia. Kostiantyn Liberov/Libkos/Getty ImagesNortheast of Kharkiv, Russian forces continue to maintain a foothold in the town of Vovchansk. But “most of the city is under the control of the Ukrainian Defense Forces” Voloshyn told CNN. Further south along the eastern front line, Russians have made advances to the west of the city of Avdiivka which fell to Russian forces in February. Western weapons and a new push to draft more soldiers in to the Ukrainian military could give Ukraine the boost it needs.

Persons: Kyiv’s, Russia hasn’t, Defense Lloyd Austin, CNN’s Wolf, Valentyn Ogirenko, Yehor Cherniev, ”, Moscow’s, Kostiantyn, Nazar Voloshyn, Ukrainian Defense Forces ” Voloshyn, Yurii Fedorenko, HRMMU, Chasiv Yar, “ Organizations: CNN, Ukraine’s Security, US, ”, Defense, Ukrainian, National Security, Intelligence, HIMARS, Russian, Kharkiv –, Ukrainian Defense Forces, “, …, 92nd Separate Mechanized Brigade, UN, Rights, NATO Locations: Ukraine, Kherson, Moscow, Russia, Kharkiv, France, Germany, “, Russian, Hlyboke, Lyptsi, Ukrainian, Vovchansk, Chuhuiv Raion, Kharkiv Oblast, Donetsk, Luhansk, Chasiv, Avdiivka, Voloshyn

☆ Interviewers keep giving Trump an off-ramp to his revenge tour. He isn’t taking it
▼ + stars: | 2024-06-07 | by ( Steve Contorno | ) edition.cnn.com time to read: +6 min

The open calls for revenge have effectively put retaliation on the ballot this November, and Trump allies have said as much. Trump launched his third campaign for president still seething over his 2020 defeat and signaling revenge against those who kept him from a second term. In March 2023, Trump told the Conservative Political Action Conference: “I am your retribution.”At the urging of some advisers, Trump has at times stepped back from the harsh rhetoric. Trump told the same conservative gathering earlier this year, “Retribution is going to be through success.”It’s a sentiment Trump has repeated many times since — including in the days after his hush money trial ended — but it’s not one he appears fully committed to. After his interview with Trump, McGraw told CNN’s Abby Phillip that he tried to get the former president to understand that a “revenge tour” wouldn’t heal the country and bring people together.

Persons: Donald Trump, Phil McGraw, Phil, Trump, ” McGraw, ” Trump, ”, Sean Hannity, it’s Joe Biden, Hannity, Stormy Daniels, Jim Jordan, Attorney Alvin Bragg, Matthew Colangelo, “, Marco Rubio, JD Vance, Ohio —, Biden, ” Rubio, Stephen Miller, ” Miller, Russell Vought, Kellyanne Conway, ” Conway, Hillary Clinton, ‘ Lock, ’, Steve Bannon, McGraw, CNN’s Abby Phillip, that’s, ” CNN’s Kate Sullivan Organizations: CNN, Fox News, Ohio, Attorney, Trump, GOP, Republican Party, Capitol, Conservative Political, Fox Locations: Manhattan, Marco Rubio of Florida, Washington

☆ Senators demand UnitedHealth own patient data hack
▼ + stars: | 2024-06-07 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

Federal law known as the Health Information Portability and Accountability Act (HIPAA) generally requires health care providers to notify people within 60 days of discovering a breach affecting their personal health data. The Department of Health and Human Services is already investigating whether UnitedHealth is compliant with HIPAA obligations to protect patient data. HHS can use HIPAA to fine companies for failing to protect patient data. The department announced a $4.75 million settlement in February with a nonprofit hospital system in New York for “data security failures” that the department said resulted in an employee stealing and selling patient data. On May 31, the HHS Office for Civil Rights clarified that health care providers can delegate that obligation to Change Healthcare.

Persons: Andrew, New Hampshire Democratic Sen, Maggie Hassan, Tennessee Republican Sen, Marsha Blackburn, ”, Eric Hausman, Hassan, Blackburn, Sen, Ron Wyden, UnitedHealth’s Organizations: Washington CNN, UnitedHealth, New, New Hampshire Democratic, Tennessee Republican, of Health, Human Services, CNN, HHS, Healthcare, Civil Rights, American Hospital Association, Optum, Capitol, Senate, Oregon Democrat, Federal Trade Commission, Securities and Exchange Commission, SEC Locations: New Hampshire, Tennessee, New York, Wyden

☆ Wall Street is putting its foot down as ‘Roaring Kitty’ sends GameStop soaring again
▼ + stars: | 2024-06-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +9 min

That means that Gill has the right to purchase 12 million shares of GameStop at $20 apiece by a set expiration date. GameStop shares closed Wednesday at $46.55 a share, more than double the price locked in by those options. Gill hasn’t explicitly told anyone to buy GameStop shares or that he thinks it’s headed to the moon. In comparison, shares of GameStop and AMC Entertainment have surged 167% and 99%, respectively, since Gill’s return to social media. Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Feb. 18, 2021.

Persons: Kitty, Keith Gill, Gill, Michael M, Gill hasn’t, it’s, Jay Woods, Woods, hasn’t, Morgan Stanley, Gill isn’t, copycats, Warren Buffett, Berkshire Hathaway, Buffett, Chubb, ”, Bill Galvin, Gill’s, Hanna Ziady, Christine Lagarde —, ” —, Read, OpenAI, Brian Fung, Inflection’s, didn’t, Keith Gill’s Organizations: CNN Business, Bell, New York CNN, GameStop, AMC Entertainment, CNN, Gamestop, New York Stock Exchange, Street, Freedom Capital, Berkshire, The Securities, Exchange Commission, SEC, Financial, Traders, stoke, Wall, Retail, Roaring Kitty YouTube, European Central Bank, US Federal Reserve, Bank of England, ECB, Federal Trade Commission, FTC, Justice Department, Microsoft, Google, Nvidia, of Justice Locations: New York, New York City, Massachusetts, Washington, Europe

☆ Virtual reality could unlock better treatment for psychosis — a use case that's gaining traction globally
▼ + stars: | 2024-06-07 | by ( Jake Hall | ) www.businessinsider.com time to read: +8 min

Some researchers are advocating the benefits of VR therapy for psychosis treatment. A clinical trial showed VR therapy reduced anxiety and agoraphobia in people with psychosis. Anywhere from 15 to 100 people out of 100,000 develop psychosis annually, according to the National Institute for Mental Health. AdvertisementThere's a growing body of research that demonstrates the efficacy of VR treatment, yet Bullock described healthcare providers as a "cautious group by nature." Despite reluctance among US healthcare providers, researchers in the UK, Hong Kong, Canada, and elsewhere are building a convincing case for VR treatment.

Persons: —, Daniel Freeman, Freeman, Kai Conibear, Conibear, It's, Kim Bullock, neuropsychiatrics, Bullock, who've, Jessica Wong, Wong, — Conibear Organizations: Service, Oxford University, National Institute for Mental Health, National Health Service, Stanford University, VR, Museum, hospital's Institute of Mental Health Locations: Tuen Mun District, Hong Kong, Canada

☆ The Fed's rate decision and May inflation data will be key tests for the stock market next week
▼ + stars: | 2024-06-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The next rate decision from the Federal Reserve coupled with May inflation data, both on Wednesday, will play key roles in how stocks perform next week — quite probably lending added volatility to an already jittery market. The Fed's rate decision All eyes are on the Fed next week and its rate decision that's set to come down at 2 p.m. Wednesday. But investors have tempered expectations since then amid a spate of stubborn inflation data. That makes May's consumer price index report due out before the bell Wednesday another key focal point for investors. Economists polled by Dow Jones are bracing for the consumer price index to rise 3.4% year over year and 0.1% on a monthly basis.

Persons: nonfarm, Kathryn Kaminski, Scott Wren, they've, it's, Tony Roth, Envestnet's Dana D'Auria, D'Auria, Dow Jones, Wells, Wren, John Belton, Apple, Jerome Powell, John Wiley Friday Organizations: Federal, Nvidia, Apple, Microsoft, GameStop, Dow, AlphaSimplex Group, Fed, Federal Open Market, European Central Bank, European Union, Wells Fargo Investment, Wilmington Trust's, CPI, Apple's Worldwide, Broadcom, Dave, Treasury, Signet Jewelers, University of Michigan Locations: Wells Fargo, Cupertino , California

☆ Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown
▼ + stars: | 2024-06-07 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Al Drago | Bloomberg | Getty ImagesThere is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy. Customers of fintech firms that used Synapse to link up with banks had $265 million in balances. But the banks themselves only had $180 million associated with those accounts, trustee Jelena McWilliams said in a report filed late Thursday. The missing funds explain what is at the heart of the worst meltdown in the U.S. fintech sector since its emergence in the years after the 2008 financial crisis. She said Synapse apparently commingled funds among several institutions, using multiple banks to serve the same companies.

Persons: Jelena McWilliams, Al Drago, Andreessen Horowitz, McWilliams, Bank —, it's, Banks, Cravath, Judge Martin Barash Organizations: Federal Deposit Insurance Corporation, Banking, Housing, Urban Affairs Committee, Washington , D.C, Bloomberg, Getty, Synapse, Evolve Bank & Trust, American Bank, AMG, Bank, Partner Bank Locations: Washington ,, U.S, what's

☆ ValueAct increases Salesforce stake to nearly $1 billion, sending shares up
▼ + stars: | 2024-06-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Mason Morfit, Salesforce board member and co-CEO of activist investor ValueAct, has increased his stake in Marc Benioff's software firm to just under $1 billion, acquiring $99 million worth of shares earlier this week, just days after the company reported its first revenue miss since 2006. The trade was disclosed in a regulatory filing Thursday, sending Salesforce shares up around 3.5% on the news in morning trading. The other activists eyeing Salesforce at the time included Elliott Management, Dan Loeb's Third Point, and Starboard Value. Earlier this year, Salesforce's widely reported pursuit of data management firm Informatica sent shares see-sawing before the putative target said it was not considering a sale. Salesforce shares briefly eclipsed their previous 2021 highs earlier this year, but have since given back those gains and are down 4% year-to-date.

Persons: Mason Morfit, ValueAct, Marc Benioff's, Morfit, Benioff's, eyeing Salesforce, Elliott, Dan Loeb's, Benioff, Salesforce's, Jeff Ubben, Bob Iger, Trian's Nelson Peltz, Ike Perlmutter, Salesforce Organizations: ValueAct, Elliott Management, Informatica, Microsoft, Marvel Locations: New York, U.S, Benioff

The talks between the tour and the Saudi Public Investment Fund, which backs LIV Golf, are "extremely active," the person said. A PGA Tour representative declined to comment. The deal will reportedly be structured similar to their deal with the Strategic Sports Group, a consortium of investors. "By making PGA TOUR members owners of their league, we strengthen the collective investment of our players in the success of the PGA TOUR," Monahan said at the time. After clear lines were drawn, players expressed frustration about the proposed deal, leading the tour to increase financial incentives for golfers.

Persons: LIV, Rory McIlroy, Tiger Woods, John Henry —, McIlroy, PIF, Jay Monahan, Yasir Al, Rumayyan, hasn't, " Monahan, Jimmy Dunne, Dunne, Phil Mickelson, —, Monahan Organizations: THE, Sawgrass, CNBC, Saudi Public Investment Fund, Fenway Sports, Saudi, Strategic Sports Group, The New York Times, Tour Enterprises, PGA, Fenway Sports Group Locations: Ponte Vedra Beach , Florida, Saudi, New York

☆ Johnson Names Hard-Right Trump Allies to Intelligence Panel, Prompting Concerns
▼ + stars: | 2024-06-06 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

Speaker Mike Johnson has appointed two outspoken hard-right allies of former President Donald J. Trump with major ethical and legal issues to the House Intelligence Committee, prompting criticism from members of both parties. Mr. Johnson on Wednesday installed Representatives Scott Perry of Pennsylvania, the former chairman of the right-wing House Freedom Caucus, and Ronny Jackson of Texas, Mr. Trump’s former White House doctor, on the panel. Mr. Perry played a major role in Mr. Trump’s efforts to overturn the 2020 election and has faced legal issues over his actions. The panel has historically operated in a bipartisan manner, and is largely composed of serious-minded lawmakers rather than strident partisans. The break with tradition prompted fears that the intelligence community might pull back on the sensitive national security information it shares with Congress.

Persons: Mike Johnson, Donald J, Johnson, Scott Perry, Scott Perry of Pennsylvania, Ronny Jackson of, Trump’s, Perry, Jackson, Michael R, Turner, Jim Himes Organizations: Trump, House Intelligence, Wednesday, Caucus, White House, White, Republican Locations: Scott Perry of, Ronny Jackson of Texas, Ohio, Jim Himes of Connecticut

A federal judge on Thursday told Stephen K. Bannon, a longtime adviser to former President Donald J. Trump, to surrender by July 1 to start serving a four-month prison term imposed on him for disobeying a subpoena to give testimony to the House committee that investigated the Jan. 6, 2021, attack on the Capitol. After Mr. Bannon was sentenced in October 2022 on contempt of Congress charges, Judge Carl J. Nichols, who has overseen the case, allowed him to remain free while he appealed. Lawyers for Mr. Bannon have promised to ask the full appeals court to reconsider the panel’s ruling. Judge Nichols said that Mr. Bannon would have to start serving his sentence in less than four weeks unless the full appeals court takes the case and issues its own ruling to pause the sentence from being enforced. Another former aide to Mr. Trump is already serving a prison term for refusing to take part in the House committee’s wide-ranging investigation into Mr. Trump’s efforts to remain in power after losing the 2020 election.

Persons: Stephen K, Bannon, Donald J, Trump, Carl J, Nichols, Judge Nichols Organizations: Capitol, Lawyers Locations: Washington

☆ 2 war experts say British armor has the same production flaw that contributed to Nazi Germany's downfall
▼ + stars: | 2024-06-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

This was the same problem that partially brought Nazi Germany to its knees, wrote Hamish de Bretton-Gordon and James Holland in a commentary published on Wednesday by The Telegraph. They recalled how Nazi Germany had obsessed over the quality of its tanks, chiefly the King Tiger, but meanwhile only managed to produce less than 500 of them. AdvertisementIn total, Nazi Germany built just under 50,000 tanks during the war, while the US built over 100,000. The sheer numbers made a difference in World War II, and they'll make a difference now, de Bretton-Gordon and Holland wrote. Russia's mass-production gameIn June 2023, de Bretton-Gordon praised British armor for its quality in his commentary on the war in Ukraine.

Persons: —, Hamish de Bretton, Gordon, James Holland, de Bretton, Holland, that's, King Tiger, Sherman, Bretton, Rishi Sunak, Volodymyr Zelenskuy, Andrew Matthews, what's, laud Organizations: Service, British Army, The Telegraph, Business, CBRN, Nuclear Regiment, Gordon, Soviet Union, Challenger, UK Defense, 1st Royal Tank Regiment, Russia's Locations: Britain, Nazi Germany, Holland, Germany, Soviet Union, Kursk, Lulworth , Dorset, England, Ukraine, Russia, China, British, Moscow

☆ Jack Dorsey gave $10 million to an anonymous founder with a deep devotion to a fascist 'guru'
▼ + stars: | 2024-06-06 | by ( Katherine Long | ) www.businessinsider.com time to read: +6 min

"It's a truly open protocol. Advertisement"We don't know who the leader is, it's like this anonymous Brazilian," Dorsey said. It's not clear how much of the $10 million Dorsey gave to support the development of Nostr will make its way to Parra. Parra, as Fiatjaf, sits on a committee established by the organization to organize Nostr development efforts, Bitcoin Magazine reported. After an X user suggested to Dorsey that he help fund Nostr, Dorsey replied within 24 hours, "funding deployed to @fiatjaf."

Persons: —, Jack Dorsey, Dorsey, Nostr, Edward Snowden, Giovanni Torres Parra, Olavo de Carvalho, de Carvalho —, Parra, Olavo, Jair Bolsonaro's, Fiatjaf, It's, . Parra, Forbes Organizations: Service, Business, Pepsi, Forbes, Sats Initiative, Bitcoin Magazine, Austrian Locations: Brazilian, Virginia, Brazil, Dorsey

☆ Final Trades: Amazon, Goldman Sachs, AbbVie and IQVIA Holdings
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Amazon, Goldman Sachs, AbbVie and IQVIA HoldingsThe Investment Committee give you their top stocks to watch for the second half.

Persons: Goldman Sachs Organizations: IQVIA Holdings, Investment

☆ Biden makes his play for anti-Trump Republicans he hopes can give him a second term
▼ + stars: | 2024-06-06 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +17 min

Washington CNN —Donald Trump hasn’t shown much interest in reaching out to Republicans who hate him. Or, he argued, “they’re likely to stay home.”Hutchinson told CNN he won’t stay home himself, but he won’t vote for Biden or Trump. “This swath of Republican strategist types are literally begging the Biden campaign to give them a reason to support him,” a former House Republican leadership aide told CNN. “You can hold your nose and vote for Biden and not be in public screaming about it. But Purcell has also not yet heard from the Biden campaign this time.

Persons: Washington CNN — Donald Trump hasn’t, Joe Biden, Adam Kinzinger’s, Austin Weatherford, Nikki Haley, Haley, Biden, Anita Dunn, Cassidy Hutchinson, Anthony Scaramucci, Liz Cheney, John Kasich, Trump, Cindy McCain, shouldn’t, –, ”, Jen O’Malley Dillon, they’ve, mattering, Denver Riggleman, Kinzinger, Paul Ryan, Chris Christie, Mike Pence, Mark Cuban, doesn’t, he’s, Joe, “, Larry Hogan, I’m, ’ ” Hogan, ” Hogan, they’re, Carolina Sen, Lindsey Graham, it’s Biden, Asa Hutchinson, Daisy Bates, Hutchinson, “ You’ve, you’re, ” Hutchinson, “ they’re, won’t, Indiana Sen, Todd Young –, Biden –, ” Young, Young, Christine Todd Whitman, George W, Bush, ” Whitman, Whitman, Joe Walsh, don’t, MAGA, Claudine Schneider, Schneider, Geoff Duncan, Donald Trump, ’ ” Duncan, ” Duncan, “ ‘ Will, Biden George H.W, Hillary Clinton, “ he’s, He’s, Howard Stern, “ Where’s Jeb Bush, Where’s George Bush, ’ ” Biden, Jeb Bush, Hogan, Kristopher Purcell, Purcell Organizations: Washington CNN, Republican, White, Trump, Democratic, Ohio Gov, CNN, Republicans, Trump Republican, Virginia Rep, Denver, Trump Republicans, Former New Jersey Gov, Tech, Biden, Senate, South, Capitol, New, Environmental Protection Agency, Independents, Illinois, Republican Party, MAGA Republicans, Congress, Trump ., Bush Republicans, Maryland Senate Locations: Biden’s, Wilmington, Israel, Ukraine, Former, Dallas, Maryland, Baltimore, York, South Carolina, Carolina, Arkansas, New Jersey, Trump, Rhode Island, Georgia

A federal judge in Washington, D.C., at a hearing Thursday ordered former Trump White House aide Steve Bannon to report to jail by July 1 to begin serving a four-month sentence for his criminal contempt of Congress conviction. Outside of court, Schoen told reporters, "The decision has it wrong factually in many many ways, it's a horrible decision." Bannon told reporters Thursday, "I've got great lawyers, and we're gonna go all the way to the Supreme Court if we have to." It is possible that Bannon's jail sentence could be stayed by an order of the U.S. Circuit Court of Appeals for the District of Columbia, or by the U.S. Supreme Court.

Persons: Steve Bannon, Donald Trump, Carl Nichols, David Schoen, Nichols, I've, Schoen, Bannon, we're, It's, Bannon's, Peter Navarro Organizations: Washington , D.C, Trump White House, Capitol, NBC News, Supreme, U.S, Circuit, Appeals, District of Columbia Locations: Washington ,

☆ Milwaukee-based retail giant Kohl's says 'No' to sponsoring Republican convention events
▼ + stars: | 2024-06-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Milwaukee based department store giant Kohl's says it will not sponsor any events related to the Republican National Convention in that city this summer, where Donald Trump will be crowned the party's nominee for president. Northwestern Mutual is on the host committee and its CEO John Schlifske is reportedly helping to raise money for the group. The absence of Kohl's from the list of Republican convention sponsors notable, given that convention organizers have publicly touted the importance of Wisconsin-based companies helping to fund and organize the event. The Republican convention is aiming to raise roughly $70 million. Representatives for the Republican National Committee and the Milwaukee host committee did not return requests for comment.

Persons: Donald Trump, ManpowerGroup, John Schlifske, Joe Biden, Kohl's, Herb Kohl, Reince Priebus, Wisconsin's, Macy's, It's, CNBC's Melissa Repko Organizations: Republican National Convention, CNBC, Metropolitan Milwaukee Association of Commerce, Fortune, RNC, DNC, Democratic, Convention, Northwestern Mutual, Trump, Wisconsin, Republicans, Democrats, Republican, Republican National, GOP, FEC, Wall Street Journal, Republican National Committee, Target Locations: Miami , Florida, Milwaukee, Brew, Wisconsin

☆ Steve Bannon ordered to report to prison by July 1 to serve contempt of Congress sentence
▼ + stars: | 2024-06-06 | by ( Tierney Sneed | Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —A federal judge on Thursday ordered Steve Bannon to report to prison by July 1, giving the former Donald Trump adviser a short window to get a higher court’s intervention. The federal judge presiding over the case, Carl Nichols, had initially paused the sentence while Bannon appealed the conviction. Last month, however, a DC Circuit Court of Appeals panel unanimously rejected several challenges Bannon made to the case, and prosecutors immediately asked Nichols to send Bannon to prison to begin serving his sentence. “We’re going to win at the Supreme Court,” he added. Navarro is currently serving a four-month prison sentence for his 2023 conviction.

Persons: Steve Bannon, Donald Trump, Bannon, Carl Nichols, Nichols, Trump, “, ” Bannon, MAGA, There’s, ”, “ We’re, David Schoen, Schoen, John Crabb, Crabb, Peter Navarro, —, Navarro’s, Navarro Organizations: CNN, DC, Justice Department, Supreme, Trump, DC Circuit Locations: Washington

☆ Tim Scott launches multimillion dollar outreach effort to get Black and Latino voters to support the GOP
▼ + stars: | 2024-06-06 | by ( Kit Maher | Eva Mckend | ) edition.cnn.com time to read: +7 min

CNN —South Carolina Sen. Tim Scott, a contender to be former President Donald Trump’s running mate, is launching a multimillion dollar effort to recruit Black voters to support Republicans in 2024. And that translates into a lot of ticked off people who are looking at the Republican Party,” he said. Trump won roughly 1 in 10 Black voters nationally in 2020, according to multiple estimates, including 12% in CNN’s exit poll. In the same survey, 14% of Black voters said that if the election were held today, they would vote for Trump vs. 49% for Biden. As CNN’s Kevin Liptak reported last week, Biden’s aides say they aren’t taking Black voters for granted as surveys suggest an erosion of support, particularly among Black men.

Persons: South Carolina Sen, Tim Scott, Donald Trump’s, Scott, Trump, Biden, ” Scott, “ It’s, ”, aren’t, “ I’ve, we’re, “, ‘, I’m, ’ ” Scott, ” Trump, Kevin Liptak, Biden’s, ” Jennifer DeCasper, ” DeCasper, CNN’s Jennifer Agiesta Organizations: CNN, South, GOP, Great Opportunity PAC, Republican National Committee, Republican, Trump, Republican Party, Black Colleges, Universities, Act, Detroit, Biden, New York Times, Siena College, Black, Trump . Younger, Fox News Locations: South Carolina, Michigan, North Carolina , Georgia, Arizona , Nevada, Pennsylvania, Washington ,, Milwaukee, Philadelphia, Atlanta, Bronx, Siena, CNN’s

☆ He quit OpenAI, branding it reckless. He hopes outside pressure can now force change.
▼ + stars: | 2024-06-06 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Read previewA former OpenAI employee who quit in February spoke out about what led him to quit, and later sign a letter calling for change at AI companies. William Saunders told Business Insider that concerns he raised while working at OpenAI were "not adequately addressed." This story is available exclusively to Business Insider subscribers. Advertisement'Egregiously insufficient'According to Aschenbrenner, OpenAI told employees that he was fired over sharing a document containing safety ideas with external researchers. AdvertisementOpenAI didn't respond to a request for comment from Business Insider.

Persons: —, William Saunders, Saunders, they're, Leopold Aschenbrenner, OpenAI's, podcaster Dwarkesh Patel, Aschenbrenner, OpenAI, he'd, Sam Altman, Altman Organizations: Service, Business Locations: OpenAI

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