DIRS.INFO The most relevant business & tech news

☆ Rita Moreno says her only daughter has helped her cope with aging: '92 is not easy in many ways'
▼ + stars: | 2024-04-29 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

Rita Moreno, 92, says her daughter helps her cope with the difficulties of aging. Moreno told People she needs her daughter's wisdom "more often than you might think." AdvertisementRita Moreno, 92, says aging has brought her closer to her daughter. "I'm constantly calling upon her to do things," Moreno told People. "I have a problem with remembering names, names of things, and names of people.

Persons: Rita Moreno, Moreno, —, Fernanda Luisa Gordon, Leonard Gordon, I'm Organizations: Urban Institute, Service, Business

☆ Julian Assange’s mission was to change the world - but at what cost?
▼ + stars: | 2024-04-27 | by ( Lauren Said-Moorhouse | Claudia Rebaza | ) edition.cnn.com time to read: +14 min

Julian Assange leaves a Melbourne court after facing charges of computer hacking in 1995. WikiLeaks/ReutersUnder a global spotlightAs WikiLeaks continued its disclosures, Assange found himself the latest cause célèbre – his every movement intensely scrutinized. … He liked the fuss that (the disclosures) caused but he was oddly incurious actually about the documents.”Others offer alternative explanations for Assange’s eccentricities. There were mounting calls for Assange to leave WikiLeaks and, when he didn’t, many cut ties with it. Outside the confines of his diplomatic shelter, the world questioned whether Assange was trying to circumvent justice.

Persons: London CNN — Julian Assange, ”, He’s, Chelsea Manning, Joe Biden, Assange’s, Anthony Albanese, Assange, “, ” –, Julian Assange, Ian Kenins, Sarah Palin’s, Atika Shubert, Shubert, ” Shubert, célèbre, Fidel Narvaez, “ Assange, ” Narvaez, James Ball, Joe Raedle, ” Ball, Ball, …, Narvaez, Hans Crescent, Lenin Moreno, Moreno, Abu Hamza al, Masri, Stella Assange, Daniel Leal, Stella, “ I’m, Nick Vamos, It’s, Alice Jill Edwards, Agnès Callamard, El País, Der Spiegel, Jameel Jaffer, Xiaofei Xu, Alex Stambaugh Organizations: London CNN, WikiLeaks, Court, Ecuadorian, Army, Australian, Pentagon, NASA, University of Melbourne, Fairfax Media, of Scientology, Republican, CNN, Chelsea, Apache, Reuters, Guardian, Ellingham, Hans, London’s Metropolitan Police, US Justice Department, of Justice, Britain's, Getty, Peters & Peters, Prosecution Service, Human Rights, UN, Amnesty, The New York Times, Columbia University Locations: United States, Australian, London’s, Australia, Townsville, Queensland, cybercrime, Melbourne, Guantanamo Bay, Cuba, Iraq, London, Afghanistan, ”, Sweden, Ecuador, UK’s, Belmarsh

☆ Auto Safety Regulator Investigating Tesla Recall of Autopilot
▼ + stars: | 2024-04-26 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

The federal government’s main auto safety agency said on Friday that it was investigating Tesla’s recall of its Autopilot driver-assistance system because regulators were concerned that the company had not done enough to ensure that drivers remained attentive while using the technology. The National Highway Traffic Safety Administration said in documents posted on its website that it was looking into Tesla’s recall in December of two million vehicles, which covered nearly all of the cars the company had manufactured in the United States since 2012. The safety agency said that it had concerns about crashes that took place after the recall and results from preliminary tests of recalled vehicles. The investigation adds to a list of headaches for Tesla, the dominant electric vehicle maker in the United States. Tesla announced in December that it would recall its autopilot software after an investigation by the auto safety agency found that the carmaker hadn’t put in place enough safeguards to make sure the system, which can accelerate, brake and control cars in other ways, was used safely by drivers who were supposed to be ready at any moment to retake control of their cars using Autopilot.

Persons: Tesla, hadn’t Organizations: Traffic Safety Administration Locations: United States

☆ Southwest Quits Four Airports in Cost-Cutting Drive
▼ + stars: | 2024-04-25 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Southwest Airlines is ceasing operations at four airports, and reducing flights from others, in an effort to cut costs after its growth plans were curtailed by fewer than expected plane deliveries from Boeing. The airline, which flies only Boeing 737 planes, said on Thursday that delays from the embattled aircraft manufacturer were behind its struggles. Southwest reported a loss of $231 million for the first quarter, worse than analysts expected, sending its share price down 10 percent in early trading. To cut costs because of its curtailed growth plans, Southwest said it would cease operations at four airports from early August: Bellingham International Airport in Washington State, Cozumel International Airport, George Bush Intercontinental Airport in Houston, and Syracuse Hancock International Airport. It would also “significantly restructure” its flights from other airports, most notably by reducing flights at Hartsfield-Jackson Atlanta International Airport and Chicago O’Hare International Airport.

Persons: George Bush Organizations: Airlines, Boeing, Bellingham International Airport, Cozumel International Airport, George, George Bush Intercontinental Airport, Syracuse Hancock International, Hartsfield, Jackson Atlanta International Airport, Chicago O’Hare International, Max, Alaska Airlines Locations: Bellingham, Washington State, Cozumel, Houston

☆ Business Groups Sue to Stop F.T.C. From Banning Noncompete Clauses
▼ + stars: | 2024-04-24 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

The lawsuit, filed in a U.S. District Court in Texas, argued that the F.T.C. The Chamber of Commerce was joined by three other business groups: the Business Roundtable, the Texas Association of Business and the Longview Chamber of Commerce. announced a final rule to ban the noncompete agreements. The rule was approved in a 3-to-2 vote, with both Republican commissioners voting against the measure. The Chamber of Commerce vowed to challenge the rule shortly after the vote.

Organizations: U.S . Chamber, Commerce, Federal Trade Commission, Business, Texas Association of Business, Longview Chamber of Commerce Locations: U.S, Texas, Longview

☆ F.T.C. Issues Ban on Worker Noncompete Clauses
▼ + stars: | 2024-04-23 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission on Tuesday banned employers from limiting their workers’ abilities to work for rivals, a sweeping change that the agency says could help raise wages and increase competition among businesses. The move bars contracts known as noncompetes, which prevent workers from leaving for a competitor for a certain amount of time, in most circumstances. The agency has said the proposal would raise wages by forcing companies to compete harder for talent. The proposal was approved by the agency in a 3-to-2 vote. She estimated the decision would lead to 8,500 new start-ups created in a year.

Persons: Melissa Holyoak, Andrew N, Ferguson, ’, Lina M, Khan Organizations: Federal Trade Commission

☆ Supreme Court to Hear Starbucks Challenge to Labor Ruling
▼ + stars: | 2024-04-23 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

The Supreme Court is set to hear Starbucks’s challenge on Tuesday to a federal judge’s order to reinstate workers who were attempting to unionize a store in Memphis. Starbucks is asking the court to make it harder for the National Labor Relations Board to obtain intervention by judges in cases where a company is accused of violating labor law. Starbucks, which has faced hundreds of accusations of labor law violations across the country, argues that there is a patchwork of standards under which the N.L.R.B. The appellate court in this case, the U.S. Court of Appeals for the Sixth Circuit, applies a lower standard, and Starbucks is pushing the Supreme Court to apply a more strict, uniform standard that is in line with other circuits. Starbucks Workers United, the union representing the company’s workers, filed an unfair labor practice charge over the firings, arguing that the company selectively enforced the rules against organized workers.

Organizations: National Labor Relations Board, Starbucks, U.S ., Appeals, Sixth, Starbucks Workers United Locations: Memphis

☆ Tesla Will Recall Cybertruck in Latest Setback
▼ + stars: | 2024-04-19 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Tesla has agreed to recall nearly 4,000 of its Cybertruck pickups to fix an accelerator pedal that can get stuck, raising the risk of crashes, a federal safety agency said on Friday. The defect could cause the vehicle to accelerate unintentionally, the National Highway Traffic Safety Administration said in a notice posted on its website. Tesla started selling the Cybertruck, its first pickup truck, in November after many delays. The recall is yet another setback for Tesla, the largest electric vehicle manufacturer in the United States. Tesla’s recent troubles have unnerved investors, and the company’s stock has fallen roughly 40 percent so far this year.

Persons: Tesla Organizations: Traffic Safety Administration Locations: United States

☆ Fake Priest Who Targeted Churches Across U.S. Is Arrested, Sheriff Says
▼ + stars: | 2024-04-18 | by ( Johnny Diaz | More About Johnny Diaz | ) www.nytimes.com time to read: +1 min

A man who impersonated a priest and called himself Father Martin to steal from churches around the United States was arrested in California this month, the authorities in Riverside County said. The man, Malin Rostas, 45, of New York, was taken into custody on April 10 after sheriff’s deputies found a vehicle matching the description of one associated with the burglaries, according to the county sheriff in Riverside, Calif.Mr. Rostas, the driver of the black sedan, was arrested. Investigators determined that he was the man posing as Father Martin and that he had tried to steal from a church in Moreno Valley, a city about 60 miles east of Los Angeles, the sheriff’s office said. Mr. Rostas was booked at the Robert Presley Detention Center in Riverside on an outstanding burglary warrant from Pennsylvania. Additional charges were expected to be filed for the attempted church burglary in Moreno Valley, the authorities said.

Persons: Father Martin, Malin Rostas, Rostas Organizations: Mr, Robert Presley Detention Locations: United States, California, Riverside County, New York, Riverside , Calif, Moreno Valley, Los Angeles, Riverside, Pennsylvania

☆ U.S. Mortgage Rates Jump Above 7% for the First Time This Year
▼ + stars: | 2024-04-18 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Mortgage rates rose above 7 percent for the first time this year, crossing a symbolically concerning threshold that threatens to keep millions of potential home buyers and sellers on the sidelines of a U.S. housing market that is increasingly showing signs of slowing. Mortgage rates reached a recent high of nearly 8 percent late last year — a level not seen since 2000. As mortgage rates have risen in recent months, making homeownership costlier for buyers, potential sellers who may feel locked into lower rates on their existing loans have been keeping their houses off the market, in effect pushing prices higher, too. “Potential home buyers are deciding whether to buy before rates rise even more, or hold off in hopes of decreases later in the year,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “It remains unclear how many home buyers can withstand increasing rates in the future.”

Persons: Freddie Mac, ” Sam Khater, Freddie Mac’s, ” Locations: U.S, United States

As sales of Teslas drop and demand for electric vehicles cools — even as more models enter the market — an increasing number of automakers are competing for a slice of a shrinking pie. Nearly 269,000 electric vehicles were sold in the United States in the first three months of this year, according to Kelley Blue Book. And amid the quarter-to-quarter slowdown in the industry, Tesla’s market share has fallen from 62 percent at the start of 2023 to 51 percent now. Elon Musk told employees on Monday that Tesla would cut 10 percent of its work force. Investors, in turn, have been spooked: Tesla’s stock price has dropped over 30 percent this year, erasing billions of dollars in market capitalization.

Persons: Kelley, Elon Musk, Tesla Locations: United States

☆ Norfolk Southern Settles Derailment Suit for $600 Million
▼ + stars: | 2024-04-09 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Norfolk Southern announced on Tuesday that it agreed to pay $600 million to settle a class-action lawsuit stemming from a February 2023 derailment of a train carrying hazardous materials in East Palestine, Ohio. The settlement, which must be approved by U.S. District Judge Benita Y. Pearson, includes payments to residents and businesses within 20 miles of the derailment. It also resolves personal injury claims within a 10-mile radius of the derailment. “Individuals and businesses will be able to use compensation from the settlement in any manner they see fit to address potential adverse impacts from the derailment,” Norfolk Southern said in a statement. “This could include health care needs and medical monitoring, property restoration and diminution, and compensation for any net business loss.”The lawyers representing the victims said the settlement was “a fair, reasonable and adequate result for the community on a number of levels,” including the speed in which the resolution was reached and how much money residents and businesses would receive.

Persons: Benita Y, Pearson Organizations: Norfolk Southern, U.S, District Locations: East Palestine , Ohio

☆ Cities in the eclipse’s path are getting an economic ‘shot in the arm.’
▼ + stars: | 2024-04-08 | by ( Santul Nerkar | J. Edward Moreno | ) www.nytimes.com time to read: +1 min

A vast swath of North America will soon be plunged into darkness. Though momentary, the total solar eclipse on Monday has already proved lucrative. Across the United States, Mexico and Canada, towns and villages have been planning what could be the biggest tourist attraction for many small cities. “We don’t usually have this kind of tourism — it’s not common,” said Edgar Augusto González-Zatarain, the mayor of Mazatlán, Mexico. In Oklahoma, the Choctaw Nation had seen a 200 percent increase as of mid-March in reservations at its resorts and casinos.

Persons: ”, Edgar Augusto González, Hertz, Airbnb Organizations: Choctaw Nation Locations: North America, United States, Mexico, Canada, Mazatlán, Montreal, Oklahoma

☆ Crypto investors are bracing for a busy quarter with the Bitcoin halving, ether ETF updates and potential rate cuts
▼ + stars: | 2024-03-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

The most important driver in second quarter for bitcoin and crypto, however, could be the Federal Reserve decision on interest rate cuts. Traders are now pricing in a roughly 61% chance of a first Fed rate cut taking place in June, according to the CME FedWatch Tool . Demand has increased from 40,000 bitcoin at the start of the year to 213,000 bitcoin currently, largely driven by ETF buying ahead of the late April Bitcoin halving, according to CryptoQuant. However, the SEC's decision on whether or not to allow spot ether ETFs to trade, due in May, will "very likely" be market moving, he added. "If it's not priced in today, then it very likely will be a market moving event if it happens," he said.

Persons: Bitcoin, Zach Pandl, Pandl, –, bitcoin, Julio Moreno, Chris Kuiper, — CNBC's Ganesh Rao Organizations: Securities and Exchange Commission, Federal, Metrics, Fidelity Digital Assets, CNBC, Fidelity, SEC Locations: U.S, BlackRock

☆ Human activities are changing Earth's spin so much that it might affect how we keep time
▼ + stars: | 2024-03-29 | by ( Ellyn Lapointe | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Polar ice melt driven by climate change is affecting Earth's rotation, according to new research. A human-driven change in the Earth's rotation has never been seen before, and may affect computing. DrPixel/Getty ImagesDon't worry — this change in Earth's rotation won't be catastrophic. Denis Tangney Jr./Getty ImagesAs a result, scientists predict that we would need the first-ever negative leap second by 2026. iStock / Getty Images PlusThere are three main mechanisms that control the Earth's spin:One is tidal friction, or the interaction between moving ocean water and the ocean floor, which slows Earth's rotation.

Persons: Duncan Agnew, what's, Denis Tangney Jr, Felicitas Arias, Judah Levine, Agnew, Andres Forza, you've Organizations: Service, Scripps Institution of Oceanography, International Bureau, Time Department, National Institute of Standards, Technology, Washington Post, Northern, Reuters, CNN Locations: Wellesley , Massachusetts, Needham, Northern Canada, Scandinavia, Argentina

☆ Sam Bankman-Fried Sentenced to 25 Years in Prison
▼ + stars: | 2024-03-28 | by ( David Yaffe-Bellany | J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange who was convicted of stealing billions of dollars from customers, was sentenced to 25 years in prison on Thursday, capping an extraordinary saga that upended the crypto industry and became a cautionary tale of greed and hubris. Mr. Bankman-Fried, 32, did not visibly react as Judge Lewis A. Kaplan handed down the sentence in Federal District Court in Manhattan. His parents, the law professors Joe Bankman and Barbara Fried, sat two rows from the front, staring at the floor. He knew it was criminal,” Judge Kaplan said of Mr. Bankman-Fried’s actions. Before the sentence was delivered, Mr. Bankman-Fried, cleanshaven and wearing a loosefitting brown jail uniform, apologized to FTX’s customers, investors and employees.

Persons: Sam Bankman, Bankman, Lewis A, Kaplan, Joe Bankman, Barbara Fried, ” Judge Kaplan Organizations: Court Locations: Manhattan

The Walt Disney Company and Gov. Ron DeSantis of Florida have reached a settlement over control of a special tax district that includes the Disney World theme park in Orlando, the company said on Wednesday. “We are pleased to put an end to all litigation pending in state court in Florida,” Jeff Vahle, president of Walt Disney World, said in a statement. Disney and Mr. DeSantis have been fighting for two years over Disney World, the 25,000-acre theme park and resort complex south of Orlando and one of the state’s largest employers. In response to Disney’s criticism of a Florida education law that opponents called “Don’t Say Gay,” Mr. DeSantis took over the tax district, appointing a new board and ending the company’s long-held ability to self-govern Disney World as if it were a county.

Persons: Ron DeSantis, “, ” Jeff Vahle, DeSantis, ” Mr Organizations: Walt Disney Company, Gov, Disney, Walt Disney Locations: Florida, Orlando

☆ Ohio GOP Senate nominee Bernie Moreno benefited from the kind of diversity initiative that Republicans hate
▼ + stars: | 2024-03-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Read previewBernie Moreno, the GOP nominee for US Senate in Ohio, has long staked his political identity on the car dealership empire he once oversaw. Related storiesBut Moreno benefited from Mercedes-Benz's push for diversity in more ways than one. "They wanted a minority operator there," Moreno said during the 2014 hearing, according to a transcript obtained by Business Insider. Despite Moreno acknowledging that he benefited from Mercedes-Benz considering diversity when deciding who could buy the dealership, he maintains that he is opposed to affirmative action programs. Moreno is set to face incumbent Democratic Sen. Sherrod Brown of Ohio in a race that could determine which party controls the Senate.

Persons: —, Bernie Moreno, Moreno, Roger Penske, Mercedes, Reagan McCarthy, Bernie, McCarthy, Democratic Sen, Sherrod Brown of, Brown, Donald Trump Organizations: Service, GOP, US, Business, Republicans, Penske Corporation, Benz, Penske, YWCA Greater, Mercedes, Penske Automotive Group, Democratic Locations: Ohio, Colombia, United States, Boston, North Olmsted , Ohio, Arizona —, YWCA Greater Cleveland, Florida, Chandler , Arizona, Sherrod Brown of Ohio, Massachusetts

☆ Some in Congress don’t like extreme partisanship either
▼ + stars: | 2024-03-25 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —There was an interesting and telling exchange recently between Sen. Lisa Murkowski, the Alaska Republican, and CNN’s Manu Raju. In the hallway exchange, Murkowski expressed frustration that former President Donald Trump is her party’s presidential nominee. CNNWhen Raju pushed Murkowski about whether she might leave the Republican Party, she said this: “I am navigating my way through some very interesting political times. Moreno won the Republican nomination in last week’s primary and he did so by aligning himself with Trump. Gallagher follows Rep. Ken Buck, the hardline Colorado Republican who resigned early in frustration over Republican election denialism and because House lawmakers are unable to set aside differences to get much done.

Persons: Sen, Lisa Murkowski, CNN’s Manu Raju, Murkowski, Donald Trump, “, ”, Raju, ’ Murkowski, Trump, ” Sen, Raju, Let’s, Bernie Moreno, Moreno, “ We’ve, Mitch McConnell, McConnell, it’s, Kyrsten, Joe Manchin, Kyrsten Sinema, Sinema, Manchin, Jon Tester, Sherrod Brown, CNN RAJU, Mitt Romney, Joe Biden –, Rob Portman, Lamar Alexander, Bob Corker, Mitch McConnell’s, Mike Gallagher, Alejandro Mayorkas, Gallagher, Ken Buck, CNN’s Dana Bash, he’d Organizations: CNN, Alaska Republican, Capitol, Republican Party, Trump, Republican, Capitol Hill, GOP, Republicans, Kentucky Republican, Democratic, Senate, Getty, Democratic Party, Montana Democrat, Sen, Homeland, Colorado Republican Locations: Alaska, Cleveland, Ohio, Sens, Arizona, West Virginia, Montana, Wisconsin

Donald Trump-backed Senate Republican candidate Bernie Moreno, who won a tough primary race last week in Ohio, refused to say if he believes the 2020 presidential election was stolen from the former president. We’ve had like three elections since then,” he told CNN last week as he departed a meeting of the Republican conference in the Capitol. “This is not the topic I think people think about,” he said. In January, Moreno’s campaign released a digital ad in which Moreno looked directly into the camera and said, “President Trump says the election was stolen, and he’s right.”The primary pitted Moreno against more establishment Republican candidates such as Matt Dolan. it’s good to be a Republican, you get to have a spirited debate as to who your candidate should be,” he said.

Persons: Donald Trump, Bernie Moreno, “, We’ve, ”, Mitch McConnell, Moreno’s, Moreno, Trump, Matt Dolan, ” CNN’s Manu Raju Organizations: Republican, CNN, “, Democrats, Republicans Locations: Ohio, McDonald’s

☆ Trump-backed candidate Bernie Moreno wins Ohio Republican Senate primary, NBC News projects
▼ + stars: | 2024-03-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

US Senate candidate Bernie Moreno, Republican of Ohio, speaks before former US President and Republican presidential candidate Donald Trump takes the stage during a Buckeye Values PAC Rally in Vandalia, Ohio, on March 16, 2024. Donald Trump-backed businessman Bernie Moreno will win Ohio's Republican Senate primary, NBC News projects, teeing up a high stakes November contest against incumbent Democratic Sen. Sherrod Brown. Moreno's main opponent was State Sen. Matt Dolan, who secured the endorsement of Ohio's popular Republican Gov. My endorsement of President but from President Trump, I wear that with a badge of honor," Moreno said. "It's evident that Donald Trump's endorsement for Bernie Moreno was a key factor," Dolan told reporters after conceding the race to Moreno.

Persons: Bernie Moreno, Donald Trump, Democratic Sen, Sherrod Brown, Moreno, State Sen, Matt Dolan, Mike DeWine, Frank LaRose, Trump's MAGA, President Trump, Trump, Joe Biden, Dolan, Donald Trump's Organizations: Republican, Buckeye, PAC, Republican Senate, NBC News, Democratic, State, Republican Gov, GOP, Trump Locations: Ohio, Vandalia , Ohio, Cleveland

☆ Ohio GOP Senate primary offers an early test of Trump's endorsement strength
▼ + stars: | 2024-03-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Despite his name recognition, LaRose lost momentum in part because Dolan and Moreno were able to self-fund their own campaigns. The Trump testAcross the country, Republicans are closely watching the Buckeye State's primary race for signs of Trump's hold on Republican voters. "Under Trump, Republicans keep losing," former presidential candidate Nikki Haley posted on X, before she dropped out of the race. On Sunday, DeWine dodged questions about whether Trump's Moreno endorsement would be enough to swing Tuesday's primary in Moreno's favor. "Ohio is maybe one of the states that decides who controls the United States Senate.

Persons: Donald Trump, Bernie Moreno, Democratic Sen, Sherrod Brown, Donald Trump's MAGA, Trump, State Sen, Matt Dolan, Mike DeWine, Joe Biden, Frank LaRose, LaRose, Dolan, Moreno, Nikki Haley, Let's, DeWine, Trump's Moreno, Spokespeople, Bernie, Moreno's, Moreno —, Brown Organizations: Ohio Republican, US, Dayton International Airport, Republican, Democratic, Senate, Republicans, State, Ohio, Cleveland Guardians, Trump, Buckeye, GOP, Associated Press, AP, Democrats, United States Senate Locations: Vandalia , Ohio, Ohio, Donald Trump . Ohio, Moreno's, Dayton , Ohio, . Ohio, Moreno

☆ Crafts Retailer Joann Files for Bankruptcy
▼ + stars: | 2024-03-18 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +2 min

Joann, the arts-and-crafts retailer that has operated for more than 80 years, has filed for bankruptcy as consumers pare back on D.I.Y. Its filing listed liabilities of $1 billion to $10 billion, and assets of $500 million to $1 billion. Joann’s shares will be delisted after its bankruptcy proceedings, and the company will be owned by its lenders and other stakeholders. The private equity firm Leonard Green & Partners bought Joann for roughly $1.6 billion in 2011, and spun it off publicly in 2021. Joann owes about $12 million to Spinrite, a craft yarn supplier, its largest unsecured creditor.

Persons: Joann, pare, Ann, Leonard Green, Jones Lang LaSalle Organizations: Nasdaq, Leonard Green & Partners, FedEx Locations: D.I.Y, Hudson , Ohio

CNN —Ohio’s Republican Senate primary on Tuesday – this year’s first test of Donald Trump’s clout in a contested Senate race – will help determine a key question this fall: What is the fate of Sen. Sherrod Brown and the Democratic majority? Despite already having clinched the GOP presidential nomination last week, Trump has a lot on the line in Ohio on Tuesday. “Trump endorsed Bernie Moreno for Senate.”But Democrats are also trying to use the former president’s popularity in this red state to their advantage. At over $40 million as of Monday, Ohio’s Senate race trails only the US presidential race, the 2023 Kentucky governor’s race and the 2024 California Senate race in total ad spending so far. “The person who clearly has the best shot of winning in the fall is Matt Dolan – I think our common sense tells us that.”But the governor’s backing could cut both ways for Dolan, Ohio Republican strategists told CNN.

Persons: CNN —, Donald Trump’s, –, Sen, Sherrod Brown, Matt Dolan, Brown, Trump, Bernie Moreno, Republicans –, Moreno, MAGA, “ Trump, Frank LaRose, “ Donald Trump, Montana Sen, Jon Tester, they’ve, West Virginia Sen, Joe Manchin, “ I’ll, ”, “, Mike DeWine, Rob Portman’s, Dolan, Trump –, Joe Biden, ” Dolan, ” DeWine, Vladimir Putin, Matt Dolan –, Republicans Dolan, Eric Lange, GOP Sen, Mitt Romney, CNN’s KFile, Anna Saylor, LaRose, he’s, doesn’t, that’s Moreno, Lange, Brown –, ” Brown, ” Ohio, Barack Obama, “ We’ll, ” CNN’s David Wright Organizations: CNN, CNN — Ohio’s Republican, Democratic, Republican, Buckeye State, Republicans, Senate, ”, Democrats ’, Trump, West Virginia, GOP, Ohio’s Senate, California Senate, Ohio GOP Gov, Trump’s, Cleveland Indians, Cleveland Guardians Locations: Ohio, Columbus, Dayton, Dolan, Bernie Moreno . Ohio, Montana, Kentucky, California, “, Dolan , Ohio, Piqua, Hamilton, Sandusky, Buckeye

☆ Why ether's high price could be at risk despite strong supply and demand outlook
▼ + stars: | 2024-03-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The Ethereum network successfully completed its "Dencun" upgrade on Wednesday, which is meant to help it become faster and cheaper to use. The price of ether has been trading lower since then, which was expected based on the cryptocurrency's behavior following previous tech upgrades. "High activity on the Ethereum network has caused high transaction fees and, consequently, more fees burnt," Julio Moreno, CryptoQuant's head of research, said in a note Wednesday. High transaction activity causes network fees to spike, more fees being burnt and total supply to decrease." They're hoping that the combination of increased activity and the decrease in the supply of ether over time will push the token's price higher.

Persons: CryptoQuant, Julio Moreno, CryptoQuant's, William Ogden Moore Organizations: ETH, They're, bitcoin, Securities and Exchange Locations: Dencun, Solana, U.S

Search resuls for: "" Moreno"

25 mentions found