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is an investigative reporter, who digs into a broad range of topics from Pentagon spending to toxic chemicals.
Elon Musk aggressively elbowed his way into the space launch business over the past two decades, combining engineering genius and an entrepreneurial drive with a demand that the U.S. government stop favoring the big, slow-moving contractors that had long dominated the industry. Today, it is Mr. Musk who is dominant. His company, SpaceX, is the primary provider of launch services to NASA and to the Pentagon. His rockets carry far more commercial satellites into orbit than anyone else’s, including those for his own Starlink communications network. The new generation of space entrepreneurs trying to emulate Mr. Musk is sufficiently concerned about what they see as his anticompetitive tactics that some of them are now willing to take him on publicly.
Persons: Elon Musk, Musk Organizations: SpaceX, NASA, Pentagon
CNN —Bill Walton, the basketball Hall of Fame center who won two national titles at UCLA, two NBA championships in Portland and Boston and later put the “color” in color commentator, died Monday following a prolonged battle with cancer, the National Basketball Association announced. “Bill Walton was truly one of a kind,” NBA Commissioner Adam Silver said in a statement. He was named the NBA Finals Most Valuable Player in that playoffs, and the next season he was named the NBA’s regular season MVP. Boston Celtics Bill Walton battles Los Angeles Lakers Kareem Abdul-Jabbar during the 1985 NBA Finals. I am the luckiest guy on earth.”NBC basketball announcers Bill Walton and Marv Albert pose before the start of Game 4 of the NBA Finals in East Rutherford, New Jersey, on June 12, 2002.
Persons: Bill Walton, Walton, “ Bill Walton, Adam Silver, “ Bill, John Wooden, Wooden, Robert Parish, Kevin McHale, Boston Celtics Bill Walton, Los Angeles Lakers Kareem Abdul, Jabbar, Bob Riha, It’s, , I’ve, I’d, Marv Albert, Mike Blake, Jay Blakesberg, Bill Walton’s, ” Mick Cronin, it’s Organizations: CNN, of Fame, UCLA, NBA, National Basketball Association, Fame, Bruins, Portland Trail Blazers, San Diego, Los Angeles Clippers, Boston Celtics, Houston Rockets, Los Angeles Lakers, Naismith, Basketball Hall of Fame, NCAA, ESPN, NBC Locations: Portland, Boston, Vietnam, East Rutherford , New Jersey, Santa Clara , California
Louisville police released two videos Thursday showing some of the arrest of star golfer Scottie Scheffler last week and announced the detective who arrested him was disciplined for not turning on his body-worn camera at the time. The Louisville Metro Police Department released video from a police dashcam showing two officers escorting a handcuffed Scottie Scheffler last Friday. Our position is the same as it was last Friday: Scottie Scheffler didn’t do anything wrong. What we know about the arrestDespite the arrest, Scottie Scheffler finished the PGA Championship tied for 8th place. The officer, identified as Gillis, stopped Scheffler and “attempted to give instructions,” the report states.
Persons: Scottie Scheffler, dashcam, Scheffler, Steve Romines, We’re, it’ll, Scottie, Prosecutors, , Josh Abner, ” Scheffler, teed, Charles Schwab, Louisville’s, Bryan Gillis, Gillis, Jacquelyn Gwinn, Villaroel, , Craig Greenberg, Michael Reaves, Romines, Scheffler “, ESPN’s Jeff Darlington, ” Darlington Organizations: Louisville, Police, PGA, Valhalla Golf Club, Louisville Metro Police Department, Louisville Metro Police Department Scheffler, Scheffler, CNN, ” Police, Louisville Metro Police, ESPN, Darlington Locations: Louisville, Jefferson County, Jefferson, Fort Worth , Texas, Valhalla
A bipartisan group of four congressional lawmakers have objected to the Biden administration plan to boost access to metals needed for electric vehicle batteries by easing sanctions on an Israeli mining executive accused of corrupt practices in the Democratic Republic of Congo. The objection came as the Biden administration moves to allow Dan Gertler, an Israeli billionaire, to sell his financial stake in three mines in Congo as part of an effort to remove him from the mining trade there. Senior Biden officials have argued this will help Congo, the largest producer of cobalt in the world, by enticing more Western-leaning investors. Mr. Gertler has said that all his investments in Congo were aboveboard. But the four lawmakers — two senators and two House members — disputed that, saying the Biden administration was wrong to propose allowing Mr. Gertler to profit as he sells off his holdings in Congo.
Persons: Biden, Dan Gertler, Gertler, Organizations: Democratic, Biden Locations: Democratic Republic of Congo, Congo
The Pentagon is rushing to expand its capacity to wage war in space, convinced that rapid advances by China and Russia in space-based operations pose a growing threat to U.S. troops and other military assets on the ground and American satellites in orbit. Details of the push by the Pentagon remain highly classified. But Defense Department officials have increasingly acknowledged that the initiative reflects a major shift in military operations as space increasingly becomes a battleground. No longer will the United States simply rely on military satellites to communicate, navigate and track and target terrestrial threats, tools that for decades have given the Pentagon a major advantage in conflicts. Instead, the Defense Department is looking to acquire a new generation of ground- and space-based tools that will allow it to defend its satellite network from attack and, if necessary, to disrupt or disable enemy spacecraft in orbit, Pentagon officials have said in a series of interviews, speeches and recent statements.
Organizations: Pentagon, Defense, Defense Department Locations: China, Russia, U.S, United States
Despite AT & T 's stock trailing the overall market, analysts from JPMorgan and Wells Fargo think the storied company is well positioned for long-term growth. AT & T dates back to 1876, when Alexander Graham Bell invented the telephone and then founded Bell Telephone Company a year later. Both JPMorgan and Wells Fargo think the firm can continue to grow its wireless business with a steady stream of new customers. The analyst maintains an overweight rating on AT & T stock with a $20 per share price target, implying 15% upside moving forward. In the first-quarter, the company said it reported the lowest level of postpaid customer churn for that time period ever.
Persons: Wells, Sebastiano Petti, Alexander Graham Bell, Petti, Wall, Eric Luebchow Organizations: JPMorgan, Bell Telephone Company, 5G
The Serbian government has approved a contract with Jared Kushner on plans to build a luxury hotel on the site of the former defense ministry in Belgrade, putting him directly into business with a European state as his father-in-law, Donald J. Trump, vies to return to the White House. Mr. Kushner is pursuing the $500 million hotel project in partnership with Richard Grenell. A former Trump administration aide, Mr. Grenell first proposed that U.S. investors attempt to redevelop the long-vacant bombed-out site of the former Yugoslav Ministry of Defense while Mr. Grenell was still a diplomat, serving as a special envoy to the Balkans. The deal, which provoked protests in Belgrade on Thursday, is with an affiliate of Mr. Kushner’s Affinity Partners, the three-year-old, $3 billion investment fund backed by the sovereign wealth fund of Saudi Arabia. “The government of Serbia has chosen a reputable American company as a partner in this venture, which will invest in the revitalization of the former Federal Secretariat for National Defense complex,” a Serbian government official said in a statement released on Wednesday.
Persons: Jared Kushner, Donald J, Trump, vies, Kushner, Richard Grenell, Grenell Organizations: Serbian, Yugoslav Ministry of Defense, Mr, Kushner’s Affinity Partners, Federal Secretariat, National Defense Locations: Belgrade, Balkans, Saudi Arabia, Serbia, American
Three years after Biden administration officials tightened sanctions on a billionaire Israeli mining executive for corrupt business practices in the Democratic Republic of Congo, they have reversed themselves and are offering the executive a deal they hope will bolster the supply of a metal vital to electric vehicles. The plan would allow the executive, Dan Gertler, to sell off his remaining stakes in three giant copper and cobalt mining operations in Congo. Once Mr. Gertler sells his positions, the Biden administration hopes Western-leaning companies will be more willing to invest in Congo, perhaps delivering a greater supply of cobalt to the United States as automakers race to increase domestic production of batteries. But certain State and Treasury Department officials strongly opposed the effort, saying that Mr. Gertler should not be allowed to profit from his deal-making, which the Biden administration earlier argued had cheated the citizens of Congo out of more than $1 billion in mining revenues.
Persons: Dan Gertler, Gertler, Biden Organizations: Biden, Democratic, Treasury Department Locations: Democratic Republic of Congo, Congo, United States
Whether retail investors profit from their bets on GameStop and AMC Entertainment or not, one group of companies looks set to cash in from the frenzied trading: stock exchanges. So-called meme stocks, which gained popularity through social media platforms like Reddit and Twitter (or X), have attracted retail investors looking to make a quick profit. Through this new innovative offer, we will offer retail investors a true one-stop-shop experience for equity trading," he said in May 2023. "The rise of retail options trading is another secular trend we're excited to build on with more platforms coming online for index options trading later this year, giving retail investors expanded access to our products," Howson said on an earnings call to analysts this month. ICE, which owns the New York Stock Exchange and several other exchanges, offers trading in stocks, bonds, commodities, currencies and derivatives.
Persons: Eric Leupold, Deutsche Boerse, Benjamin Goy, Stéphane Boujna, FactSet, David Howson, Howson, Oppenheimer, Hannah Gooch, Peters, Marco Iachini ​, Organizations: GameStop, AMC Entertainment, Twitter, Deutsche Borse AG Deutsche Börse, Frankfurt Stock Exchange, Corona, Deutsche Börse, DB1, Deutsche Bank, Global Equity, Cboe, Wall Street, Intercontinental Exchange, Sanlam Investments, ICE, New York Stock Exchange, Vanda Locations: Germany, U.S, Switzerland, Italy, Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, Paris, France, Portugal, Europe
That may have impacted the ship’s operations when it left the port a day later, she said. “Switching breakers is not unusual but may have affected operations the very next day on the accident voyage,” Homendy said. The NTSB report found that the Dali had experienced two blackouts a day earlier while still moored in the port. The NTSB report details the frantic efforts of those on the Dali to stop the ship and warn those on the bridge of potential disaster. “He ran north and made it to the nearest surviving span before the rest of the bridge collapsed,” the report states.
Persons: Dali, Francis Scott Key, Jennifer Homendy, ” Homendy, Homendy, Peter Gautier, William H, Shailen Bhatt, Gautier, Graham, Bhatt, Organizations: CNN, National Transportation Safety, NTSB, Committee, Transportation, Hyundai, Coast Guard, Army Corps of Engineers, Federal, Administration Locations: Port of Baltimore, Homendy, El Salvador, Mexico, Guatemala, Honduras
CNN —The man accused of killing nursing student Laken Riley in February was indicted Wednesday on charges of murder and aggravated assault with intent to rape as well as for an earlier incident in which he allegedly peeped into the window of a student. Riley, a 22-year-old Augusta University College of Nursing student, was killed on February 22 while out for a run on the University of Georgia’s campus. Ibarra struck Riley in the head with a rock multiple times and asphyxiated her, according to the indictment. Ibarra, of Athens, Georgia, is an undocumented immigrant from Venezuela who was not a university student. Clarke County Sheriff’s OfficeThe killing and suspect’s immigration status renewed debate on the country’s immigration policies at the highest level.
Persons: Laken Riley, Jose Antonio Ibarra, Tom, Riley, Ibarra, , Tom ”, Investigators, ” Jose Antonio Ibarra, Joe Biden, “ Laken Riley, legals, ” Biden, Organizations: CNN, Augusta University College of Nursing, University of Georgia’s, University of Georgia, State, MSNBC Locations: Athens , Georgia, Venezuela, Clarke, Georgia
Washington CNN —The Metropolitan Police Department in Washington, DC, cleared out a pro-Palestinian encampment on George Washington University’s campus early Wednesday and arrested 30 protesters there and three others in a separate altercation, Metro Police Chief Pamela A. Smith said. Yet after police cleared the encampment, House Oversight Chair James Comer, a Republican from Kentucky, announced the hearing was canceled and took credit for spurring action. GW’s encampment was set up about two weeks ago in the University Yard, a grassy square on campus surrounded by a food hall and university buildings. Officers deployed pepper spray three timesPeople listen as activists and students protest near an encampment at University Yard, George Washington University on April 28, in Washington, DC. Ahmed El Masry, a demonstrator at the GW encampment, said he left the encampment at about 2 a.m. but rushed back about two hours later when he heard police were working to clear the space.
Persons: George Washington, Pamela A, Smith, Muriel Bowser, James Comer, Mayor Bowser, ” Comer, Ellen Granberg, , Kent Nishimura, Jeffery Carroll, GW, ” GW, Ahmed El Masry, , , “ I’m, we’ve, ” Dante O’Hara, ” O’Hara, , Joyce F, Brown, spokespeople, ” Brown, Chancellor Javier Reyes, George Floyd, Pam Smith Organizations: Washington CNN, The Metropolitan Police Department, Metro Police, Washington, Republican, Police, University Yard, MPD, Yard, George Washington University, GW Police, , Police Department’s, DC, Coalition, UMass, Amherst, CNN, Fashion Institute of Technology, University of Massachusetts, NYPD, Massachusetts Daily Collegian, University of Massachusetts Police Department, DC Metropolitan Police Locations: Washington , DC, Kentucky, Gaza, Israel, , GWU, New York City, Amherst
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett 'still has a money machine,' investment management firm saysEric Lynch of Scharf Investments, discusses the decision of Warren Buffett's Berkshire Hathaway to reduce its stake in Apple.
Persons: Warren Buffett, Eric Lynch, Scharf, Warren Buffett's Berkshire Hathaway Organizations: Scharf Investments, Apple
CNN —Judge Juan Merchan has found former President Donald Trump in contempt for violating the gag order in his hush money trial for the 10th time and said he’ll consider jail time going forward. Last week, the judge fined Trump $9,000 for nine previous violations of the judge’s gag order. Violations of the gag order are punishable by a fine of up to $1,000, by jail time of up to 30 days, or both. In a statement, Trump campaign spokesman Steven Cheung called the gag order “unconstitutional and un-American” and criticized the judge and his ruling. In a written ruling, the judge said those comments violated the gag order.
Persons: Juan Merchan, Donald Trump, he’ll, , ” Merchan, “ Mr, Trump, Michael Cohen, Stormy Daniels, Steven Cheung, , Crooked Joe Biden, Karen Friedman Agnifilo, Merchan, ” Trump, “ Defendant, ” Prosecutors, David Pecker Organizations: CNN, Trump, Prosecutors, , Real America’s Locations: United States, New York
Critics highlight the strong chemistry between stars Ryan Gosling and Emily Blunt. But what he's elevated here with "The Fall Guy" is telling the story within a movie-in-a-movie structure. "The Fall Guy" features everything from Phil Collins' "Against All Odds (Take A Look At Me Now)" to Taylor Swift's "All Too Well." AdvertisementEmily Blunt and Ryan Gosling are a perfect tandem, giving the movie a rom-com vibeRyan Gosling and Emily Blunt in "The Fall Guy." "The Fall Guy" definitely has that vibe with its lighthearted tone and thrills.
Persons: Ryan Gosling, Emily Blunt, Guy, , Lee Majors, Colt Seavers, Aaron Taylor, Johnson, David Leitch, Here's, Leitch, Drew Pearce, Chris O'Hara, Eric Laciste, Phil Collins, Taylor, Katie, Gosling, Blunt, Lovia Gyarkye, David Fear, Jonathan Sela, Peter Debruge Organizations: Rotten, Service, Universal Pictures, Universal, Hollywood, Variety Locations: Hollywood
Holladay was driving the cars during the early car crash scene and the final car jump scene. He recalled breaking the Guinness World Record for most cannon rolls performed in a car to Business Insider. When I was hired as Ryan Gosling's stunt driver for "The Fall Guy," the film's stunt coordinator gave me one big objective. Although we had other stunts and cannon rolls to perform for other scenes, completing this big stunt felt like a real victory. A side-by-side picture of the car jump.
Persons: Logan Holladay, Ryan Gosling's, Guy, Holladay, , Adam Kirley, Daniel Craig's, Eric Laciste, we'd, Ryan Gosling, David Leitch, Colt, Tom Ryder, Aaron Taylor, Johnson, Emily Blunt, Chris O'Hara, Ryder Organizations: Business, Service, Guinness, Universal Pictures Locations: Sydney, Australia
Their latest film, "The Fall Guy," looks to continue that streak of success. 'The Fall Guy' evolved from film noir to action rom-comRyan Gosling plays stuntman Colt Seavers in "The Fall Guy." Eric Laciste/Universal Pictures"The Fall Guy" movie adaptation had been bouncing around Hollywood for decades, with everyone from Nicolas Cage to Dwayne "The Rock" Johnson attached to star. AdvertisementIn "The Fall Guy," Gosling's Colt must clear his name after footage appears to implicate him in the death of another stuntman. AdvertisementThe Taylor Swift song "All Too Well" wasn't originally in the movieRyan Gosling and Emily Blunt in "The Fall Guy."
Persons: , David Leitch, Kelly McCormick, they've, Shaw, Guy, it's, Lee Majors, Colt Seavers, Ryan Gosling, Jody Moreno, Emily Blunt, Leitch, McCormick, who's, Brad Pitt, McCormack, Gosling, Blunt's, Eric Laciste, Nicolas Cage, Dwayne, Johnson, David, Blunt, Jody, Emily, " Leitch, Ryan, Leitch David Leitch, Kiss, Yungblud, I'm, Tom Cruise's, Taylor, Colt, Harry Nilsson's, Taylor's Organizations: Service, Business, Pictures, Universal, Colt, deepfakes, Hollywood Locations: Hollywood
CNN —Former movie producer Harvey Weinstein is set to appear in a New York courtroom Wednesday in his first public appearance since an appeals court overturned his sex crimes conviction. The court’s ruling upended the case against Weinstein, whose downfall stood as a symbol of the success of the #MeToo movement. The appeals court ordered that Weinstein receive a new trial. Yet #MeToo has had mixed success in the courtroom, and this is the second high-profile case to be overturned on appeal. The comedian Bill Cosby was convicted in 2018 of drugging and sexually assaulting a woman, but a Pennsylvania appeals court overturned the conviction in 2021, saying his due process rights were violated.
Persons: Harvey Weinstein, Weinstein, , Emily Tuttle, Weinstein’s, MeToo, Bill Cosby, retry, Miriam “ Mimi ” Haley, ” Haley, , It’s, I’m Organizations: CNN, New, Manhattan, Attorney’s, Mohawk Correctional Facility, Prison, The New York Times, Yorker Locations: New York, Rome , New York, Bellevue, Los Angeles, Hollywood, Love, Pennsylvania
CNN —A Pennsylvania district attorney intends to appeal a judge’s decision last month to overturn the murder convictions of the so-called “Chester Trio” – three men who have spent nearly 25 years in prison for a crime they say they did not commit. In late March – over the objections of prosecutors who fought to have the convictions upheld – Delaware County Judge Mary Alice Brennan vacated the trio’s convictions and granted their request for a new trial. On Tuesday, Delaware County District Attorney Jack Stollsteimer said he had, in fact, decided to appeal. Attorneys for at least two of the men said the district attorney’s announcement was disappointing. “There could be nothing further than justice than the decision to appeal the judge’s order,” said Vanessa Potkin of the Innocence Project, who represents Johnson.
Persons: Derrick Chappell, Morton Johnson, Samuel Grasty, Henrietta Nickens, They’ve, , Mary Alice Brennan, Chappell, Johnson, Grasty, Jack Stollsteimer, Stollsteimer, , Judge Brennan, ” Stollsteimer, , Vanessa Potkin, Nilam Sanghvi, ” Sanghvi, Paul Casteleiro, Stollsteimer “, ” Nickens, Chester, CNN’s Dakin Andone Organizations: CNN, Prosecutors, Pennsylvania Innocence Locations: Pennsylvania, Chester , Pennsylvania, Philadelphia, – Delaware County, Delaware County
CNN —New York Judge Juan Merchan has fined former President Donald Trump for repeatedly violating the gag order in the hush money trial. Merchan ruled Trump violated the gag order nine times for criticizing expected trial witnesses in posts on social media and his campaign page. Reposts are endorsements, judge saysIn last week’s hearing on gag order violations, Trump’s defense argued that reposts of other people’s words do not violate the gag order and that the posts represent protected political speech in response to attacks. Second, Merchan acknowledged that the gag order does allow Trump to respond to political attacks, but said criticisms of key witnesses were not allowed. This is the first sanction against Trump for violating the gag order in this case.
Persons: Juan Merchan, Donald Trump, Merchan, Trump, , ” Trump, ” Merchan, , , Prosecutors, Michael Cohen, Stormy Daniels, Todd Blanche, Cohen, David Pecker Organizations: CNN, New, Trump, Truth, Prosecutors, AMI, New York Locations: New York, New York State
CNN —The New York Court of Appeals on Thursday overturned the sex crimes conviction against Harvey Weinstein, the powerful Hollywood producer whose downfall stood as a symbol of the #MeToo movement. Douglas H. Wigdor, an attorney who has represented eight of Weinstein’s accusers, including two of the “prior bad acts” witnesses at his New York criminal trial, criticized the ruling. In addition, three other women testified during the trial as “prior bad acts” witnesses as prosecutors sought to show Weinstein had a pattern of abuse. The use of “prior bad acts” witnesses has increased in recent years with the rise of the #MeToo movement. “Prior bad acts” evidence is one exception to this rule.
Persons: Harvey Weinstein, , uncharged, Jenny Rivera, ” Weinstein, Weinstein, ” Donna Rotunno, , Emily Tuttle, Douglas H, Weinstein’s, MeToo, Bill Cosby, Miriam Haley, Jessica Mann, Haley, Mann Organizations: CNN, The New, Hollywood, Correctional Facility, of Corrections, Attorney’s, Manhattan, The New York Times, Yorker Locations: The New York, Rome , New York, Los Angeles, New York, Manhattan, York, Hollywood, Love, Pennsylvania
Investment management firm discusses gold versus bitcoin
  + stars: | 2024-04-19 | 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 EmailGold a 'better hedging risk' than bitcoin in a 'real stress test environment': Scharf InvestmentsEric Lynch, managing director at Scharf Investments, says "bitcoin remains more speculative."
Persons: Scharf, Scharf Investments Eric Lynch Organizations: Scharf Investments
Jared Kushner’s investment fund is not especially large by global finance standards. His $3 billion fund is financed almost entirely from overseas investors with whom he worked when he served as a senior adviser in the Trump White House. He has taken money from government wealth funds in Saudi Arabia, Qatar and the United Arab Emirates, as well as from Terry Gou, a founder of Foxconn, the Taiwan-based electronics manufacturer, whose role in Mr. Kushner’s firm has not been previously disclosed. Mr. Kushner’s firm, Affinity Partners, is collecting approximately $40 million a year in management fees from those investors even before any share of profits earned on investments. He has made 10 investments to date, totaling $1.2 billion, many of them in companies based abroad.
Persons: Jared, Donald J, Trump, Terry Gou, Kushner’s Organizations: Trump White House, United Arab, Foxconn, Securities and Exchange Commission, Mr, Affinity Partners Locations: Saudi Arabia, Qatar, United Arab Emirates, Taiwan
“I sit here today to express my deepest sorrows for the families of Hana, Tate, Madisyn, Justin and to all those affected on November 30, 2021,” Jennifer Crumbley said. The parents failed to properly secure the firearm, as James Crumbley hid it in their bedroom but did not use any locking device, the prosecution argued. By contrast, James Crumbley did not testify in his trial, and his attorney argued he simply didn’t know about his son’s plans or mental issues. Still, Jennifer Crumbley was convicted of four counts of involuntary manslaughter in early February, and James Crumbley was convicted of the same counts in March. My actions were that of any other parent,” James Crumbley wrote.
Persons: James, Jennifer Crumbley, Cheryl Matthews, , ” Matthews, James Crumbley, Jennifer Crumbley “, Tate, Madisyn, Justin, ” Jennifer Crumbley, ” “, Ethan, Nicole Beausoleil, Madisyn Baldwin, ” Beausoleil, Ethan don’t, , , Justin Shilling’s, Craig, Craig Shilling, Justin Shilling, Bill Pugliano, , Justin’s, Jill Soave, ” Reina St, Juliana, Hana, Karen McDonald, ” McDonald, McDonald, Crumbley, remorseful, James Crumbley’s, Ethan Crumbley, Sig, St, Tate Myre, Jennifer, “ I’ve, ” James Crumbley, Celina Tebor, Nicki Brown, Antoinette Radford, Maureen Chowdhury Organizations: CNN, Oakland, Opportunity, Prosecutors, Oxford High School Locations: Oxford , Michigan, Detroit, Oakland, Hana, Oakland County
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