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☆ As China's navy grows, the US fleet is on a 'downward trajectory,' maritime expert says
▼ + stars: | 2024-04-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

"It's the end of the pacifist period on the seas," Dr Steven Wills of the Center for Maritime Strategy, told Business Insider. The US fleet is still widely considered the world's most powerful navy due to its 11 aircraft carriers and cutting-edge nuclear submarine capabilities. "They're scrapping more ships than they're building, which means the US Navy is on a downward trajectory, not an upward trajectory," said Dr Salvatore Mercogliano, a maritime historian at Campbell University. Another piece of the puzzle is shipbuilding capacity. Expanding American shipbuilding capacity ought to start now, Wills said: "You don't make the arsenal of democracy overnight."

Persons: —, Dr Steven Wills, Gerald R, Ford, Nikos Libertas, Wills, Doug Livermore, Arleigh Burke, Salvatore Mercogliano, Tang Ke, Livermore, Defense Mark Esper, David Sacks, Mercogliano, That's, Xi Jinping, HECTOR RETAMAL, Sacks, I'm Organizations: Service, Center for Maritime Strategy, Business, Navy, US Navy, Campbell University, Naval, People's Liberation Army Navy, Defense, of Naval Intelligence, Council, Foreign Relations, Corpus Christi, Pearl, Naval Shipyard . US Navy, Pacific, of Foreign Relations, CSIS, US, South China, Australia Locations: China, Russia, Ukraine, Virginia, Yantai Port, Asia, America, Japan, South Korea, Los Angeles, Corpus, Taiwan, Beijing, Pingtan, China's, Pacific, Philippines, South

☆ The 1968 killing of a milkman who was a WWII veteran has been solved 56 years later
▼ + stars: | 2024-04-13 | by ( Mallika Kallingal | ) edition.cnn.com time to read: +3 min

CNN —Fifty-six years after a Florida milkman failed to return home after his rounds, his homicide has been solved, closing the oldest cold case in Indian River County Sheriff’s Office history. The next day, Grayam’s body and truck were located in a wooded area in what was described as a “chilling scene,” the sheriff’s office said in a statement. Over the subsequent years, 16 separate investigations occurred through April 1974 in an effort to solve the case, Flowers said. After receiving that information, detectives tracked down the suspect’s ex-wife, who also said Williams confessed to her, Flowers said. The witnesses said the suspect had been arrested and convicted several times on other charges, the sheriff’s office added.

Persons: Hiram “ Ross ” Grayam, Larry Grayam, Hiram Grayam, Eric Flowers, “, Grayam, ” Flowers, Flowers, Thomas J, Williams, ” Williams, “ Thomas Williams, ” Cara Lynn Clarkson Organizations: CNN Locations: Florida, County, Vero Beach

The U.S. has passed a series of export controls starting in October 2022 aimed at restricting China's access to advanced chip technology, particularly those used in AI applications. According to data from tech consultancy Omdia, China consumes nearly 50% of the world's semiconductors as it is the biggest market for assembling consumer devices. But, soon after, it was reported that Nvidia was working on a new chip made for China. The company did not respond to a request for comment on their plans for the China market. An analysis of Huawei's Mate 60 Pro smartphone by TechInsights revealed an advanced chip made by China's top chip maker, SMIC.

Persons: Wong Yu Liang, Chris Miller, William B, Bailey, Donald Trump, TechInsights Organizations: AMD MU, P Global, Intel, Broadcom, Qualcomm, Marvell Technology, U.S, The, CNBC, Nasdaq, Intelligence, Micron Technology, AMD, Nvidia, Huawei, Semiconductor Industry Association, America's Micron, country's Cyberspace Administration, Micron Locations: China, The U.S, U.S, Washington, Xi'an, Netherlands, Beijing

☆ See eclipse images captured across the path by CNN readers
▼ + stars: | 2024-04-12 | by ( Ashley Strickland | ) edition.cnn.com time to read: +3 min

CNN —The total solar eclipse that delighted spectators across Mexico, the United States and Canada on Monday was a celestial experience not to be missed. Millions were in the path of totality to watch as the moon moved between Earth and the sun. “After 20 years (of) not seeing an eclipse we got to experience it again,” he said via email. After launching the balloon, the quartet traveled to Burlington, Ontario, to be in the path of totality, where Goldstein snapped images of the eclipse with a Lumix FZ80 camera. “Ever since I was 1 years old I was very interested in space and space events.

Persons: Readers, Daniel McCartney, ”, McCartney, Mariel Williams, “, Williams, Juan M, Soto Peña, Fabiola, Luciana, Michael Goldstein, Goldstein, Ilan Kagedan, Brady Sonshine, Michael “ Misha ” Vishnever, ” Kagedan, Vishnever’s, Cynthia Gilmore, Joshua, Joshua Gilmore, ” Vishnever Organizations: CNN, Big, Galactic, Center, “ Locations: Mexico, United States, Canada, Big Moose, New York, Syracuse , New York, Dayton , Ohio, Royal Oak , Michigan, Tucson , Arizona, Mexican, Sonora, Toronto, Burlington , Ontario, Concord, Vaughan , Ontario, Green Hills, North Conway , New Hampshire, New Hampshire, Center Conway , New Hampshire

☆ Beyoncé bounce: Western boot sales jump more than 20% week over week since 'Cowboy Carter' launch
▼ + stars: | 2024-04-12 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Beyonce leaves the Luar fashion show at 154 Scott in Brooklyn during New York Fashion Week on February 13, 2024 in New York City. The country fashion staple's sales surged more than 20% in the week after the music superstar released her "Cowboy Carter" album, according to consumer behavior firm Circana. "Cowboy Carter," which came out late last month, marked the "Halo" singer's foray into the country genre. Louis Vuitton unveiled an American Western line during Paris Fashion Week earlier this year, featuring models in everything from cowboy hats to bolo ties. Beyoncé's chart-topping album can provide a same-store sales boost and help lasso in women shoppers at Boot Barn , said Williams analyst Sam Poser.

Persons: Beyonce, Carter, Cowboy Carter, Circana, Louis Vuitton, Taylor Swift's, Williams, Sam Poser Organizations: Scott, New York, Paris Locations: Brooklyn, New, New York City, Beyoncé, American, California

CNN —Ukraine’s parliament has scrapped plans to give soldiers who have spent prolonged periods fighting on the frontlines the chance to return home on rotation, after passing a draft law seeking to boost the number of soldiers in its military. The draft law passed Thursday with 283 votes in favor, including a raft of measures aimed at providing a desperately needed boost for Ukraine’s military. Dozens of wives and relatives of servicemen gathered outside Ukraine’s parliament Thursday to protest the passing of the draft law, demanding that demobilization deadlines be included. Libkos/Getty ImagesThe issue of mobilization has bedeviled Ukrainian lawmakers for months, as the needs of its military clash with political constraints. It is not clear when the draft law passed Thursday will receive presidential approval.

Persons: CNN —, Rustem Umerov, Oleksandr Syrskyi, Chris Cavoli, Anastasia Bulba, Vitalii, ”, “, Young, Libkos, Zaluzhnyi, Ukraine “, ” Zaluzhnyi, Volodymyr Zelensky, Zelensky Organizations: CNN, Defense, European Command Locations: Ukraine, Kharkiv, Odesa, Lviv, Zaporizhzhia, Kyiv, Ukraine’s, Russia

☆ Blizzard, NetEase deal: ‘World of Warcraft’ and other hit games return to China as dispute ends
▼ + stars: | 2024-04-10 | by ( Diksha Madhok | Wayne Chang | ) edition.cnn.com time to read: +3 min

CNN —China’s gaming giant NetEase will bring back the iconic “World of Warcraft” and other popular video games by Microsoft’s Blizzard Entertainment to the country, the companies said in a joint statement Wednesday. California-based Blizzard and Hangzhou-based NetEase had ceased their 15-year relationship in 2023 after an acrimonious fallout, leaving millions of fans in China heartbroken. “After a year of negotiations, Blizzard and NetEase are pleased to align on a path forward to once again serve players in mainland China,” the companies said in a post on NetEase Games’ official Weibo account. The new deal will see the return of “World of Warcraft” and “Hearthstone” games to China, as well as other titles in the Warcraft, Overwatch, Diablo and StarCraft universes, according to the statement. Foreign publishers must work with local partners to offer video games in China.

Persons: NetEase, “, ”, we’ve, William Ding, ’, Phil Spencer Organizations: CNN, Microsoft’s Blizzard Entertainment, Blizzard, Games, Weibo, Microsoft Gaming, Xbox, Microsoft, Activision, Big Locations: China, California, Hangzhou, Beijing, Big Tech

☆ Ecuadorians wanted an action man. President Noboa has fulfilled that role — embassy raid included
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +7 min

The President of the Republic of Ecuador, Daniel Noboa, during the Spain-Ecuador business meeting at the headquarters of the CEOE, on 25 January, 2024 in Madrid, Spain. "President Noboa has given a strong message to the nation," said Carlos Galecio, a political communications consultant and coordinator of the communications program at Ecuador's Casa Grande University. "I am in favor of President Noboa's actions. "The priority is to clean, sanitize, continue with a process as important as President Noboa's to put the house in order." "The United States takes very seriously the obligation of host countries under international law to respect diplomatic missions," said Brian Nichols, assistant secretary of state for Western Hemisphere affairs.

Persons: Daniel Noboa, Daniel Noboa's, Ecuadorians, Noboa, Carlos Galecio, Rafael Correa, Nayib Bukele, Cedatos, Jorge Glas, Glas, Noboa's, Gabriela Sandoval, Roberto Aspiazu, Will Freeman, Freeman, Brian Nichols Organizations: Ecuadorian, Associated Press, Casa Grande University, Statistics, Police, Vienna Convention, America's Pacific Alliance, Foreign Relations, Mexico's, Jalisco New Generation, United, Western Hemisphere Locations: Republic of Ecuador, Spain, Ecuador, Madrid, Belgium, El Salvador, Quito, Vienna, Mexico, The Hague, Noboa, York, Latin America, Colombia, Peru, Mexico's Sinaloa, Jalisco, U.S, United States

☆ One man’s artistic wonderland, created secretly in rented apartment, given protected status
▼ + stars: | 2024-04-07 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +7 min

Gittins surrounded the fireplace in this room with a large minotaur head, above which he painted portraits of Greek philosophers. Together they established the Wirral Arts and Culture Community Land Trust (WACCLT), which launched a crowdfunding campaign through the website Ron’s Place, applied for listed status and eventually bought the building last year. Now, the property has been granted “Grade II” listing by Britain’s Department for Culture, Media and Sport on the advice of national heritage body Historic England. Ron’s Place is the first example of Outsider Art to be given protected status in England, according to Historic England. There is little to hint at what lies behind the front door of this red-brick house in Birkenhead, England.

Persons: Ron Gittins, Gittins, Jan Williams, “, ”, Williams, Chris Teasdale, Ron, ” Williams, ‘, I’ve, Tate, Jarvis Cocker, Cocker Organizations: London CNN, Historic, CNN, Wirral Arts, Culture, Land Trust, “, Britain’s Department for Culture, Media, Sport, England Locations: British, Birkenhead, Liverpool, England, Egypt, Georgian England, Historic England, Jan Williams . Historic England, Ron’s, Birkenhead , England

☆ Boebert continues stoking controversy amid intense battle to keep her job
▼ + stars: | 2024-04-05 | by ( Melanie Zanona | ) edition.cnn.com time to read: +10 min

“It hasn’t encumbered her job performance,” GOP Rep. Byron Donalds of Florida told CNN. I’m not afraid of a challenge though,” Boebert told CNN before the House left for a two-week break. And unfortunately, I’ve had a front row seat,” Boebert told CNN. “I did it because we don’t have to have two separate elections and cost the taxpayers two separate elections,” he told CNN. And she’s probably made more jokes about her own stupidity in that movie theater than I’ve heard elsewhere,” one GOP lawmaker told CNN.

Persons: Lauren Boebert, Donald Trump, Boebert, Trump, MAGA, carpetbagging –, Byron Donalds, we’re, I’m, ” Boebert, ”, Ken Buck, –, Buck, Greg Lopez, “ Greg, they’re, “ You’ve, Buck Still, Mike Johnson, Boebert’s, There’s, I’ve, “, ” Buck, Marjorie Taylor Greene –, She’s, Lauren Organizations: CNN, Colorado Republican, New York Young Republican, Trump, GOP, Pueblo Jobs, Democrat, Republican, Colorado Republicans, Boebert, Democratic, “, Caucus, Freedom Caucus Locations: Denver, Manhattan, Colorado, Florida, Colorado’s, Boebert

☆ The total solar eclipse will create an optical illusion known as the Purkinje effect. Here’s how to see it
▼ + stars: | 2024-04-04 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +5 min

The phenomenon, now known as the Purkinje effect, explains why colors look different depending on how much light is present. Usually, the Purkinje effect unfolds slowly as day gives way to night. “What we’re seeing with the Purkinje effect isn’t actually happening. To see the Purkinje effect, people will have to take off their eclipse glasses, but they should do so only when looking at their surroundings, Rylander said. … The Purkinje effect is visible if you look at objects around you during occlusion, not at the sun,” Rylander said in an email.

Persons: Jan Evangelista Purkyně, Will Snyder, James S, Snyder, It’s, ” Snyder, Grady Rylander III, Rylander, ” Rylander Organizations: CNN, Saint Louis Science, McDonnell, University of Texas, Saint Louis Science Center, Planetary Society Locations: Missouri, Mexico, United States, Canada, Austin

☆ NATO looking at options to shore up long-term support for Ukraine amid concerns about Trump winning November’s election
▼ + stars: | 2024-04-03 | by ( Kylie Atwood | ) edition.cnn.com time to read: +3 min

Stoltenberg said on Tuesday that the alliance needs to commit to providing more support for Ukraine and rely less on voluntary contributions. This move would mean that Trump winning the presidency would have less of an impact on the mechanics of getting necessary weapons support into the country from dozens of nations around the globe. Politico was first to report on NATO considering taking these steps. Another ongoing push is for NATO countries to independently establish their own commitments with Ukraine, explained one of the sources. This would mean that not all Ukraine support gets funneled through NATO – creating sources of funding that could not be disrupted by individual alliance members.

Persons: Jens Stoltenberg, ”, Donald Trump, Stoltenberg, CNN’s Louis Mian, Eve Brennan Organizations: CNN, NATO, Kyiv, Ukraine, Trump, Pentagon, Ukraine Contact Defense, Politico Locations: Ukraine, European, Russia, Brussels

☆ Mike Lynch-backed legal tech startup Luminance raises $40 million, capitalizing on AI hype
▼ + stars: | 2024-04-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Mathisworks | Digitalvision Vectors | Getty ImagesLegal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence. The company told CNBC that it raised the fresh capital in a Series B funding round led by U.S. venture fund March Capital. "We had lots of interest from lots of VCs," Eleanor Lightbody, CEO of Luminance, told CNBC in an interview on Tuesday. Lightbody said that businesses are investing in AI tools like Luminance's to keep a competitive edge, as well as to reduce costs. Luminance is one firm of the many generating buzz from investors thanks to the hype swirling around artificial intelligence.

Persons: Slaughter, Eleanor Lightbody, Lightbody Organizations: CNBC, U.S, National Grid Partners, National Grid, Koch Industries, Hitachi, Yokogawa, Liberty Mutual, LG Chem, BBC Studios, University of Cambridge, Companies, Mistral, Microsoft, Amazon, Investors

☆ Venezuela battles record wildfires worsened by Amazon drought
▼ + stars: | 2024-04-02 | by ( Billy Stockwell | Story Reuters | ) edition.cnn.com time to read: +6 min

Reuters —Venezuela is battling a record number of wildfires, according to data released on Monday, as a climate change-driven drought plagues the Amazon rainforest region. An aerial view shows a burned forest after a forest fire in Henri Pittier National Park on March 30. Leonardo Fernandez Viloria/ReutersA Bolivarian National Police helicopter flies over during a wildfire in the Henri Pittier National Park on March 29. The fires are blanketing with smoke Guayana City, Venezuela’s largest urban center in the Amazon, according to a Reuters witness. In Venezuela, Lozada, firefighters and other experts said the government response was lacking.

Persons: Manoela Machado, ” Machado, “, ”, Carlos Carruido Perez, Henri Pittier, Leonardo Fernandez Viloria, Henri, Jose Rafael Lozada, Michael Coe, Lozada, Juan Carlos Hernandez, ” Lozada, Oxford’s Machado, William Lopez Organizations: Reuters —, Satellites, University of Oxford, Henri, Reuters, Bolivarian National Police, NASA, Universidad de Los, Research, AFP, Getty, “ Firefighters Locations: Reuters — Venezuela, Venezuela, South America, Pacific, Brazil’s, Brazil, Henri, Uverito, Manhattan, Universidad de Los Andes, Merida, Brazil’s Roraima, Roraima, Naguanagua, Carabobo State

SOFIA, Bulgaria (AP) — Romania and Bulgaria partially joined Europe’s ID-check-free travel zone on Sunday, marking a new step in the two countries’ integration with the European Union. After years of negotiations to join the Schengen area, there is now free access for travelers arriving by air or sea from both countries. The Schengen Area was established in 1985. Before Bulgaria and Romania’s admission, it was comprised of 23 of the 27 EU member countries, along with Switzerland, Norway, Iceland and Liechtenstein. Truck drivers are frequently stuck in kilometers-long queues at the borders of both Romania and Bulgaria.

Persons: Ursula von der Leyen, Siegfried Muresan, ”, Marcel Ciolacu, ” Kalin, “, ___ McGrath Organizations: —, European Union, EU, Schengen, Associated Press, European Commission, The Union of International Carriers Locations: SOFIA, Bulgaria, — Romania, Austria, Switzerland, Norway, Iceland, Liechtenstein, Romania, Croatia, Romanian, Europe, Sofia, The, Sighisoara

☆ Trump asks appeals court to review ruling allowing Fani Willis to remain on Georgia election case
▼ + stars: | 2024-03-29 | by ( ) www.cnbc.com time to read: +2 min

Former President Donald Trump and other defendants accused of illegally trying to interfere in the 2020 election in Georgia on Friday submitted a formal application to appeal a judge's ruling allowing Fulton County District Attorney Fani Willis to remain on the case. McAfee's ruling said Willis could continue her prosecution if Wade left the case, and the special prosecutor resigned hours later. Lawyers for Trump and other defendants then asked McAfee to allow them to appeal his ruling to the Georgia Court of Appeals, and he granted that request. The filing of an application with the appeals court is the next step in that process. The Court of Appeals now has 45 days to decide whether it will take up the matter.

Persons: Fani Willis, Donald Trump, Trump, Willis, Nathan Wade, Scott McAfee, McAfee's, Wade, McAfee, Wade upended, Democrat Joe Biden, Georgia's Organizations: Fulton County Government Center, Trump, of Appeals, Republican, Democrat Locations: Fulton County, Atlanta , Georgia, Georgia

Related storiesEven so, he said he did not think the story of why customers suffered "has been told or told correctly." Customers "could have been paid back" at 2022 prices or current prices, including inflation, Bankman-Fried claimed. Kaplan didn't buy the argument, calling it "speculative" and "misleading." Before handing down Bankman-Fried sentence, Kaplan said he wanted to prevent him from committing more harm, noting that he has previously marketed himself to the media to rebrand his image and version of events at FTX. Bankman-Fried faced a maximum of 110 years in prison following the collapse of FTX.

Persons: —, Sam Bankman, Fried, Lewis Kaplan, It's, Sunil Kavuri, Adam M, Moskowitz, Kavuri, FTX, Kaplan, that's, Kaplan didn't, Fried perjured, didn't, it's, Prosecutors, Bernie Madoff, Damian Williams, " Williams, Williams Organizations: Service, Business, Southern, of Locations: Manhattan, FTX, of New York

☆ Biden hosts fundraiser with his two-term Democratic presidential predecessors, striving to join their ranks
▼ + stars: | 2024-03-28 | by ( Michael Williams | Mj Lee | ) edition.cnn.com time to read: +4 min

Washington CNN —President Joe Biden on Thursday will join Barack Obama and Bill Clinton, the only living two-term Democratic presidents, aiming to use their star power to woo big-pocketed donors as Biden tries to join their ranks. The fundraiser is being held off-camera, though pool reporters will be able to report on the three presidents’ remarks. The Biden campaign said ahead of the fundraiser it had raised more than $25 million – making it the most successful single political fundraiser ever in terms of dollars raised. The fundraiser on Thursday is expected to be just the beginning of Obama’s involvement in Biden’s campaign. He is expected to take a larger role in Biden’s campaign – including traveling to college campuses and crucial battleground stakes – closer to November.

Persons: Joe Biden, Barack Obama, Bill Clinton, Biden, Clinton, Stephen Colbert, Annie Leibovitz, Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo, Lea Michele, ’, Jimmy Carter, Donald Trump, Trump, Jonathan Diller, Diller, ” Trump, “, ”, Julie Chávez Rodriguez, Obama, who’ve, Jeff Zeleny, Donald Judd, Brian Rokus, Kristen Holmes, Fredreka Schouten Organizations: Washington CNN, Obama, Radio City Music Hall, Biden, CNN, Hamas Locations: New York, America, Queens, Midtown Manhattan, Israel, Gaza, North Carolina

☆ Here are investor Jenny Harrington's top income plays — and they all yield around 6% or higher
▼ + stars: | 2024-03-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

When income investor Jenny Harrington looks for top dividend stocks, names like Whirlpool come to mind. The home appliance manufacturer not only has a 6% dividend yield, but it has also gotten very cheap, Harrington said. She buys names that have a "reasonably high dividend yield" for her portfolio, which typically generates a 5% dividend yield or better. "We specifically focus on dividend income rather than dividend growth, because the objective of our portfolio is to generate a strong and sustainable income stream for our clients," Harrington said. WHR 1Y mountain Whirlpool's one-year performance She would also like to see the potential for earnings growth in the names she buys.

Persons: Jenny Harrington, Harrington, Jay Brown, Anthony Melone, Ted Miller, William Brown, cyclically Organizations: Whirlpool, Asset Management, Dow Jones U.S, SEC, Investment Management, Crown Castle, Clearway Energy, Clearway, L3Harris Technologies

☆ Baltimore port bridge collapse: Global ocean carriers declare 'force majeure,' leaving U.S. companies on hook for urgent cargo pickup
▼ + stars: | 2024-03-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

"The impact of the Baltimore port stoppage on construction and contractor supply chains may be significant," said William George, director of research for ImportGenius. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. COSCO announced Wednesday morning that its services would "be concluded" once the diverted container arrives at the alternate port. Out of the diverted ports, New York/New Jersey and Savannah, are included. One of the biggest concerns among logistics companies is availability of chassis for both truck and rail to handle the diverted cargo.

Persons: Dali, Francis Scott Key, William George, ImportGenius, Maersk, COSCO, majeure, CGM, Paul Brashier, Brashier, Matt Castle, Robinson, Val Noel, Mike Wilson, Noel, Alan Baer, Baer, Stephen Edwards, Edwards Organizations: Francis Scott Key Bridge, Logistics, CNBC, Baltimore, Evergreen, CMA, ITS Logistics, U.S Department of Transportation, Home Depot, Nike, Walmart, Union Pacific, BNSF, Robinson, DHL, FedEx, Port, DOT's, Rail, TRAC, Freight, Consolidated Chassis Management, USA, Norfolk . Our Midwest Locations: Baltimore , Maryland, Baltimore, The Port, U.S, Port of Baltimore, Target, East, , New York, New Jersey, Savannah, Chicago, Brunswick, Virginia, Charleston, New York, Philadelphia, Norfolk, Wilmington , Savannah, Jacksonville, UAE, Saudi, Doha, India, Bangladesh, NY, Montreal, Port of Virginia, Port

☆ AI-powered Cherish Health has raised $26 million and is set to raise a $30 million Series B — and hasn't grabbed a single dollar from VCs. Here's why.
▼ + stars: | 2024-03-25 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

But with his latest startup, Cherish Health, he's taking a different approach. To date, Cherish Health, which makes a radar-based device to detect falls in the home, has raised $26 million from these alternative sources. Cherish Health is now gearing up to raise its Series B round, targeting $30 million at a $200 million valuation. In late 2022, Cherish Health landed $5 million in Series A funding led by Alarm.com at a $45 million valuation. If Cherish Health had gone the way of traditional venture capital, Nagpal said, "we would've given up most of our value by now."

Persons: Sumit Nagpal, Nagpal, he's, we've, JP Morgan, Health's, Health, Alarm.com, consortiums, aren't Organizations: pharma, Abbott, Business, Accenture, Health, Apple, Comcast, Amazon, Cherish Health Locations: Alere, Haven, Amazon , Berkshire, Alarm.com, VCs

☆ Going once, going twice: How Trump's cash and properties would be garnished and auctioned to pay his NY fraud debt
▼ + stars: | 2024-03-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

AG Letitia James plans to go after Trump's cash and property if he doesn't pay his civil fraud debt. Is the ball in Letitia James' court? "The burden is on Letitia James to find Trump's assets" and decide what she wants garnished or auctioned, he said. D'Orazio predicts James would first target the cash that Trump and the Trump Organization keep in New York-registered bank accounts. He would then remit $95 million to the Attorney General's Office, and that would go toward paying Trump's judgment.

Persons: Letitia James, —, padlocks, Donald Trump's, Trump, James, Bernard D'Orazio, D'Orazio, — James, Mark, we're, doesn't, It's, she'll, Arthur Engoron, Jeff Greenberg, — Trump Organizations: Service, Trump, Trump Plaza, New, Social, Trump —, GOP, AP, Trump Organization, Radio City Music Hall, Forbes, New York, Fire Locations: New York, New York City, Manhattan, New, Westchester County, Trump, Americas

☆ Senegal goes to the polls as country’s once sturdy democracy looks shaky
▼ + stars: | 2024-03-23 | by ( Nimi Princewill | ) edition.cnn.com time to read: +9 min

CNN —Senegalese voters will choose their next president on Sunday in a delayed and high-stakes election that poses a test for the country’s democracy. A long list of candidates are running, but two former tax inspectors - one representing the government, the other the main opposition coalition - are considered frontrunners. Just over seven million of Senegal’s 18 million people are registered to vote in this election, the country’s electoral body said. It shows how desperate these young people are due to the failure of President Sall to create employment,” Thior said. The ruling coalition candidate Ba kicked off his campaign promising “massive employment” for young people and improving the “purchasing power of households” by creating thousands of jobs.

Persons: Macky Sall, –, Sall, “, ”, Zohra Bensemra, Ousmane Sene, Mamadou Thior, Sall’s, Amadou Ba, Bassirou Diomaye Faye, Ousmane Sonko, jeopardizing, Sonko, kickstart, Carmen Abd Ali, Faye, John Wessels, Thior, “ We’re, “ Thior, Idrissa Seck, ” Faye, Ba, Michele Cattani, ” Thior, ” Sene Organizations: CNN, Senegalese, BBC, ”, Reuters, West African Research Center, firebrand, president's Alliance, Republic, Getty, Sonko, International Organization for, International Monetary Fund Locations: West African, Senegal, ” Senegal, Dakar, Senegalese, Diourbel, AFP, Republic, Medina, Canary, Europe, Spain, Nicaragua, “

☆ Buying a Rolex is easier than you think, an official retailer says
▼ + stars: | 2024-03-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. A store director, Caitlin Hausser, walked Business Insider through how to buy a Rolex from William Barthman Jeweler in New York City. It's not as difficult to buy as other luxury accessoriesCaitlin Hausser told Business Insider that Rolex Daytona models were in the highest demand. "Rolex wants new clients," Hausser told BI. Hausser told BI that clients wouldn't have to pay for their new Rolex until it was time to pick it up.

Persons: —, Caitlin Hausser, William Barthman, Jordan Hart, Hausser, It's, Hermès Kelly, Birkin Organizations: Service, Business, New York Stock Exchange, Daytona, Rolex, Rolex Rolex Locations: Swiss, New York City, New York

In an AP-NORC poll conducted in February, 38% of U.S. adults approved of how Biden was handling his job. Black adults are more likely than white and Hispanic adults to approve of Biden, but that approval has dropped in the three years since Biden took office. This is stuff that requires work,” Quentin Fulks, principal deputy campaign manager for the Biden campaign, said in an interview. Still, the Biden campaign and the broader Democratic Party are confronting their own struggles, despite their cash and organizational advantages. And in Nevada, Biden will continue promoting a new housing proposal that would offer a mortgage relief credit for first-time homebuyers and a seller's tax credit to encourage homeowners to offload their starter homes.

Persons: Joe Biden, Harris, Biden, Donald Trump, They're, Trump, Jill Biden, ” Quentin Fulks, “, ”, Maria Cardona, White, Lael Brainard, Sen, Catherine Cortez Masto, —, ” Cortez Masto, Linley Sanders, biden Organizations: WASHINGTON, Democratic, Biden, Asian American, Bilingual, GOP, Republican National, Trump, RNC, Trump's, Democratic Party, AP VoteCast, ”, White, National Economic Council, Republican, Associated Press Locations: Nevada , Arizona, Texas, Reno , Nevada, Washoe County, Las Vegas, Phoenix, U.S, Arizona, Maryvale, Nevada and Arizona, Biden's State, Biden’s, Nevada , Pennsylvania, North Carolina, Wisconsin, In Arizona, Nevada, Dallas, Houston

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