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☆ Jailed former Malaysian Prime Minister Najib Razak loses final bid to review graft conviction
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: +1 min

Malaysia's former prime minister Najib Razak (C) greets supporters as he walks out during a break in the trial during an appeal against his corruption conviction over the 1MDB financial scandal, at the federal court in Putrajaya, on Aug. 23, 2022. Malaysia's top court on Friday dismissed a bid by jailed former prime minister Najib Razak to review his corruption conviction over the multi-billion dollar scandal at state fund 1MDB, ending Najib's judicial efforts to challenge the guilty verdict. Najib was jailed last year after Malaysia's Federal Court upheld a guilty verdict and 12-year prison sentence handed down to him by a lower court. Federal Court Judge Vernon Ong said a five-member panel voted 4-1 to dismiss Najib's application to review the conviction. "In the final analysis, and having regard to all circumstances, we are constrained to say that the applicant (Najib) was the author of his own misfortunes," Ong said.

☆ Jailed Malaysian ex-PM Najib loses final bid to review graft conviction
▼ + stars: | 2023-03-31 | by ( Rozanna Latiff | ) www.reuters.com time to read: +2 min

KUALA LUMPUR, March 31 (Reuters) - Malaysia's top court on Friday dismissed a bid by jailed former prime minister Najib Razak to review his corruption conviction over the multi-billion dollar scandal at state fund 1MDB, ending Najib's judicial efforts to challenge the guilty verdict. Najib was jailed last year after Malaysia's Federal Court upheld a guilty verdict and 12-year prison sentence handed down to him by a lower court. Federal Court Judge Vernon Ong said a five-member panel voted 4-1 to dismiss Najib's application to review the conviction. Najib faces three other trials related to graft at 1MDB and other government agencies. Reporting by Rozanna Latiff; Writing by A. Ananthalakshmi; Editing by Ed Davies and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

A Cruise Ship next to Hong Kong Skyline on March 21, 2023 in Hong Kong, China. (Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets were mixed on Monday as investors continue to assess the impact of the banking troubles in the U.S and Europe. On Friday, Deutsche Bank saw a selloff of its U.S.-listed shares, after the German lender's credit default swaps jumped, without an apparent catalyst. In Australia, the S&P/ASX 200 rose 0.26%, while Japan's Nikkei 225 also opened 0.15% higher and the Topix climbed 0.21%. Hong Kong markets were also poised to fall, with Hang Seng futures trading at 19,864 compared to 19,915.68.

☆ Russian state media touts video of schoolchildren in Crimea drilling with rifles and training in hand-to-hand combat
▼ + stars: | 2023-03-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

A new video shows schoolchildren in Crimea training with rifles and completing hand-to-hand combat. The lessons are reportedly part of a training course that will come to other schools this year. The lessons appear to be part of a military training course that students across grade levels are participating in. In the video, originally shared by RIA Novosti Crimea, students first handle rifles in a competitive timed exercise. The new strategy marks a shift from Wagner's previous efforts to recruit Russian prisoners in exchange for reduced jail time.

☆ Instant View: U.S. February CPI increase leaves market guessing on Fed
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +9 min

Core CPI without food and energy prices increased 0.5% after rising 0.4% in January. Year over year core CPI gained 5.5% vs 5.6% in January. Economists polled by Reuters had forecast monthly CPI and core CPI up 0.4%. So they're going to have to respond to the banking crisis that's probably just not over yet." If the Fed’s worried about saving face or coming off as wishy washy or worried about losing credibility with the market, they're going to raise by 25 basis points.

☆ New York bike path attacker spared death penalty after jury deadlocks
▼ + stars: | 2023-03-13 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

REUTERS/Jane RosenbergNEW YORK, March 13 (Reuters) - Sayfullo Saipov, the man convicted of killing eight people in an attack on a Manhattan bike path in 2017, was spared the death penalty on Monday after a federal jury deadlocked on whether he should be executed. Saipov's case is the first federal death penalty trial since President Joe Biden, a Democrat, took office in 2021 after pledging during his campaign to abolish capital punishment. Jurors agreed that other aggravating factors weighed in favor of the death penalty, including that Saipov planned his attack in advance and carried it out to support Islamic State. Patton said in his closing argument that the death penalty was "not necessary to do justice." Prosecutors sought the death penalty despite U.S. Attorney General Merrick Garland's July 2021 moratorium on federal executions so the Department of Justice could review its use of the punishment.

☆ New spy series 'Citadel' is Amazon Studios' most ambitious — and riskiest — bet ever
▼ + stars: | 2023-02-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

"Citadel," Amazon Studios' ambitious spy series, is on track to be one of the costliest series ever made. Amazon Studios early on was known for prestige shows like "Transparent" and "Maisel" as well as action hits like "Jack Ryan." Amazon Studios' Head of Global Television, Vernon Sanders, told Insider that "Citadel" is new territory for the company. Inside and outside of Amazon Studios, there are concerns about a lack of clear creative direction as well as the division's future role in the larger Amazon ecosystem. Insider spoke to 21 current and recently departed Amazon Studios executives, Hollywood agents, and other industry insiders about the opportunities and challenges.

☆ How 'Citadel,' Amazon Studios' ambitious new spy series from the Russo brothers, became one of the costliest shows ever made
▼ + stars: | 2023-02-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

☆ Amazon Studios is growing fast and spending big on shows like 'Citadel,' but insiders say unclear creative direction, leadership shifts, and tech bureaucracy threaten to drive away staff and talent
▼ + stars: | 2023-02-10 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +20 min

The dust has been settling at Amazon Studios after a big reorg in the fall that solidified Jen Salke's power. Yet Amazon Studios faces major challenges. Amazon Studios' Head of Global Television Vernon Sanders told Insider that the goal is to deliver content with global cultural relevance. Amazon Prime VideoWhile spending on such big swings has soared, some insiders see far less budgetary support for underrepresented casts. "I do think people wonder what's the commitment to Amazon Studios," the current insider said.

/USThe dollar index fell 0.21% from one-month highs, while the Japanese yen gained 1.21% to 131.08 per dollar after unusually strong Japanese wage data. The Australian dollar bolted 1.02% higher after its central bank reiterated further increases would be needed. Asian stocks stabilized overnight after they, like most global share markets, suffered steep losses following that U.S jobs data. Oil prices climbed more than 3% after Powell eased market concerns over rate hikes, while recovering demand in China also boosted prices. Gold eked out gains, tracking a slight pullback in the dollar, as investors mulled comments by Powell and the outlook for the Fed's rate-hike policy.

"We didn't expect it to be this strong," Powell said, but it "shows why we think this will be a process that takes quite a bit of time." It has just confounded all sorts of attempts to predict," Powell said, noting that wage growth has slowed even with continued strong job gains. Officials raised the target interest rate a quarter point to a range between 4.5% and 4.75% at that session, and said in the latest policy statement that "ongoing increases" would be needed. 1 2 3 4 5As of December, the Fed's preferred measure of inflation was increasing at a 5% annual rate, still more than double the Fed's target. While Powell said he expected "significant declines in inflation" this year, the U.S. economy was still "in the beginning of getting that down."

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

After finding Sayfullo Saipov guilty of committing murder with the goal of joining the militant group Islamic State, also known as ISIS, the Manhattan jury will return on Feb. 6 to consider whether the death penalty is appropriate punishment. The only point of contention between prosecutors and Saipov's lawyers was whether the defendant carried out the attack in order to join Islamic State, which the United States brands a terrorist organization. These included murder and attempted murder to gain entrance to Islamic State, providing material support to a terrorist organization, and damage or destruction of a motor vehicle. The U.S. Department of Justice said in September that it intends to seek the death penalty for Saipov, despite a moratorium on federal executions since July 2021 as the department reviews the practice. Reporting by Luc Cohen in New York; Editing by Leslie Adler, Bill Berkrot and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Watch CNBC's full interview with Bernstein's David Vernon
▼ + stars: | 2023-01-26 | 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 EmailWatch CNBC's full interview with Bernstein's David VernonDavid Vernon, a senior transportation analyst at Bernstein, joins 'Power Lunch' to discuss how to trade airline names, the top airline stock to buy, and more.

☆ Bernstein's David Vernon discusses his favorite airline stocks
▼ + stars: | 2023-01-26 | 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 EmailBernstein's David Vernon discusses his favorite airline stocksDavid Vernon, a senior transportation analyst at Bernstein, joins 'Power Lunch' to discuss how to trade airline names, the top airline stock to buy now, and the demand for travel in recession times.

☆ New York girl, 15, sentenced to up to 9 years in jail in fatal stabbing of cheerleader
▼ + stars: | 2023-01-25 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

A 15-year-old New York girl who fatally stabbed a 16-year-old cheerleader in April has been sentenced to up to nine years behind bars. The April 8 stabbing unfolded after a parade was held to honor the boys basketball team at Mount Vernon High School for its state championship win. The defendant stabbed Green in the abdomen with a knife on Gramatan Avenue in Mount Vernon, prosecutors said. We had a young lady in school, wreaking havoc in the Mount Vernon school system." NBC News has reached out to an attorney for the teen defendant, and the school district, for comment.

The court trial to decide whether a tweet Elon Musk sent in 2018 cost Tesla investors millions of dollars will resume Friday, with Musk himself potentially taking the stand. Tesla shareholders are suing the company to recoup losses they say they suffered amid Musk's claims that he had "secured" money to take the company private at $420 per share. Had the plan ultimately materialized, people who owned shares of Tesla at the time could have earned profits on their holdings. After the trial adjourned Wednesday, Porritt told The Associated Press he hopes to call Musk to the stand Friday after two other witnesses testify. Littleton told the nine-person San Francisco jury that Musk’s claim about the financing alarmed him.

☆ Wall St Week Ahead Tech stock rebound faces doubters with earnings season ahead
▼ + stars: | 2023-01-20 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The tech-heavy Nasdaq 100 index (.NDX) has gained over 3% in 2023, double the rise for the S&P 500 (.SPX). The Nasdaq 100 fell 33% in 2022, while the S&P 500 lost 19.4%. Apple, the largest U.S. company by market value, and Google-parent Alphabet report the following week. Fourth-quarter earnings in the tech sector are expected to have declined 9.1% from a year ago, compared to a 2.8% decline for S&P 500 earnings overall, according to Refinitiv IBES. The S&P 500 tech sector still trades at a roughly 19% premium to the broader index, above its 7% average of the past 10 years, according to Refinitiv Datastream.

☆ Bed Bath & Beyond is closing dozens of stores in 2023 — see the full list
▼ + stars: | 2023-01-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +10 min

Bed Bath & Beyond released an updated list of store closures set to take place by March. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. ArterialKansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd PlaceKentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd. Wisconsin:Mequon: 11110 N. Port Washington RoadPuerto Rico:Bayamon: Plaza Del Sol, 725 West Main Ave.Do you work for Bed Bath & Beyond?

☆ Terrorism trial begins against accused New York bike path killer
▼ + stars: | 2023-01-09 | by ( Jonathan Allen | ) www.reuters.com time to read: +2 min

NEW YORK, Jan 9 (Reuters) - Federal prosecutors were due to make opening statements on Monday in the trial of the man charged with using a truck to kill eight people on a Manhattan bike path on Halloween in 2017. It is the first federal death penalty trial under U.S. President Joe Biden, a Democrat who took office in January 2021. According to prosecutors, Saipov chose Halloween because he thought more people would be on the streets, and also planned to strike the Brooklyn Bridge. Prosecutors have told the court they intend to show the 12-member jury photographs and videos of the attack. Federal executions had resumed in 2020 under then U.S. President Donald Trump, a Republican, after a 17-year hiatus, with 13 executions carried out before Trump left office in 2021.

Louisiana parishes (which are similar to counties) have pretty consistent borrowing limits for mortgages. As a result, you can compare potential new homes in two distinct parishes without factoring in borrowing limits as much. Louisiana borrowing limits in 2023 by parishesParish Conforming mortgage borrowing limit (single-family home FHA mortgage borrowing limit (single-family home) Acadia Parish $726,200 $472,030 Allen Parish $726,200 $472,030 Ascension Parish $726,200 $472,030 Assumption Parish $726,200 $472,030 Avoyelles Parish $726,200 $472,030 Beauregard Parish $726,200 $472,030 Bienville Parish $726,200 $472,030 Bossier Parish $726,200 $472,030 Caddo Parish $726,200 $472,030 Calcasieu Parish $726,200 $472,030 Caldwell Parish $726,200 $472,030 Cameron Parish $726,200 $472,030 Catahoula Parish $726,200 $472,030 Claiborne Parish $726,200 $472,030 Concordia Parish $726,200 $472,030 De Soto Parish $726,200 $472,030 East Baton Rouge Parish $726,200 $472,030 East Carroll Parish $726,200 $472,030 East Feliciana Parish $726,200 $472,030 Evangeline Parish $726,200 $472,030 Franklin Parish $726,200 $472,030 Grant Parish $726,200 $472,030 Iberia Parish $726,200 $472,030 Iberville Parish $726,200 $472,030 Jackson Parish $726,200 $472,030 Jefferson Parish $726,200 $472,030 Jefferson Davis Parish $726,200 $472,030 Lafayette Parish $726,200 $472,030 Lafourche Parish $726,200 $472,030 La Salle Parish $726,200 $472,030 Lincoln Parish $726,200 $472,030 Livingston Parish $726,200 $472,030 Madison Parish $726,200 $472,030 Morehouse Parish $726,200 $472,030 Natchitoches Parish $726,200 $472,030 Orleans Parish $726,200 $472,030 Ouachita Parish $726,200 $472,030 Plaquemines Parish $726,200 $472,030 Pointe Coupee Parish $726,200 $472,030 Rapides Parish $726,200 $472,030 Red River Parish $726,200 $472,030 Richland Parish $726,200 $472,030 Sabine Parish $726,200 $472,030 St. Bernard Parish $726,200 $472,030 St. Charles Parish $726,200 $472,030 St. Helena Parish $726,200 $472,030 St. James Parish $726,200 $472,030 St. John the Baptish Parish $726,200 $472,030 St. Landry Parish $726,200 $472,030 St. Marin Parish $726,200 $472,030 St. Mary Parish $726,200 $472,030 St. Tammany Parish $726,200 $472,030 Tangipahoa Parish $726,200 $472,030 Tensas Parish $726,200 $472,030 Terrebonne Parish $726,200 $472,030 Union Parish $726,200 $472,030 Vermilion Parish $726,200 $472,030 Vernon Parish $726,200 $472,030 Washington Parish $726,200 $472,030 West Baton Rouge Parish $726,200 $472,030 West Carroll Parish $726,200 $472,030 West Feliciana Parish $726,200 $472,030 Winn Parish $726,200 $472,030Note: You'll need to get a jumbo loan if you want to borrow more than $726,200, regardless of where you want to live in Louisiana. How to determine which mortgage is right for youYou may want to consider an FHA mortgage if you don't think you'll meet the requirements for a conforming mortgage. A conforming mortgage may be a good choice if you plan on getting a home that costs more than the FHA borrowing limit in your county.

Tesla Inc (TSLA.O) fell nearly 10% as the electric-vehicle maker missed Wall Street estimates for quarterly deliveries. Other rate-sensitive technology and growth stocks such as Alphabet Inc (GOOGL.O), Meta Platforms Inc (META.O), Microsoft (MSFT.O) and Amazon.com Inc (AMZN.O) were up between 0.6% and 2.0%. The S&P 500 shed 19.4% in 2022, marking a roughly $8 trillion decline in market cap, while the Nasdaq fell 33.1%, dragged down by growth stocks. The S&P index recorded no new 52-week high and one new low, while the Nasdaq recorded 73 new highs and 23 new lows. Reporting by Shubham Batra, Ankika Biswas and Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Here's where Covid rules for visitors from China are changing
▼ + stars: | 2022-12-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Vernon Yuen | Nurphoto | Getty ImagesBEIJING — Some countries announced new Covid testing requirements for visitors from China after the mainland said it would finally relax border controls. Covid-19 infections surged this month in mainland China, but there is limited data available publicly. Those who test positive will need to quarantine at a designated facility, the ministry said. The new rules also apply to people who visited mainland China within the seven days prior to arrival in Japan, the health ministry said. The rules do not apply to flights from Hong Kong or Macao.

☆ China reopening earlier than expected could hit supply chains in the short term, but boost growth in 2023
▼ + stars: | 2022-12-29 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesMainland China's reopening came sooner than expected for investors, and Goldman Sachs warns it will lead to short-term strains in the workforce and supply chains. Positive outlook for GDP, Chinese yuanDespite shorter-term concerns for China's reopening, economists have a rosy outlook for China's growth in the long run. "Improved growth expectations in 2023 might outweigh unfavorable factors such as deterioration in goods and services trade balances," the Goldman Sachs note said. International travel to resumeThe economists at Goldman Sachs said the latest measures will likely benefit the surrounding region's growth as travel normalizes. Travelers with luggage's inside Terminal 1 at the Hong Kong International Airport on December 20, 2022 in Hong Kong, China.

☆ Southwest's antiquated and atypical flight systems are partially responsible for cancellation chaos, airline experts say
▼ + stars: | 2022-12-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

An outdated scheduling system and unique flight network structure exacerbated the problem. Airline analysts and industry experts told Insider and other outlets that Southwest's outdated scheduling system and atypical approach to mapping its flight network were partially responsible for the crisis. Canceled Southwest Airlines flights show on a monitor at Hollywood Burbank Airport, Tuesday, Dec 27, 2022. The problem has been further inflamed by Southwest's scheduling system. Passengers wait in line to claim their baggage at Nashville International Airport after their flights on Southwest Airlines were cancelled in Nashville, Tennessee, on December 27, 2022.

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