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Iwao Hakamada was acquitted after 46 years on death row for a 1968 quadruple murder. Hakamada was the longest-serving inmate on death row of any prisoner worldwide. Go to newsletter preferences Thanks for signing up! AdvertisementAn 88-year-old man has been acquitted of multiple murders in Japan after spending 46 years on death row — most of them in solitary confinement. Iwao Hakamada, the world's longest-serving death row inmate, was found guilty in 1968 of murdering his boss, his boss's wife, and their two children and setting fire to their home.
Persons: Iwao Hakamada, Hakamada, Organizations: Service, Business Locations: Japan
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sources tell me the opt-out also affects "Sunday Ticket," the league's out-of-market package for which Alphabet's YouTube paid about $2 billion. That means that after the 2029 Super Bowl, the NFL has the right to completely rejigger the media landscape, if it so chooses. Five years is a lifetime in the media industry given the rapid pace of change. I don't think it's hyperbole to say 2029 could be the end of the modern media era.
Persons: Alex Sherman, NBCUniversal's Peacock, HBO Max, hadn't, it's Organizations: CNBC, Disney, YouTube, NFL, Paramount, HBO, Netflix, Google, Apple Locations: U.S
Read previewAn investor has filed a class action lawsuit against Domino's Pizza, claiming the restaurant chain "overstated" its business and financial prospects. AdvertisementSpecifically, the company's annual global net store growth. The complaint says Domino's hosted its 2023 Investor Day that December, during which it discussed the long-term guidance for the annual global net store growth between 2024 and 2028. The class action lawsuit against Domino's Pizza Inc. is about its annual global net store growth. Despite investor concerns over its global net store growth, revenues at Domino's has grown.
Persons: , Pizza, Bernstein Lierbhard, Russel J, Weiner, Sandeep Reddy, Justin Sullivan, Domino's, Matt Cardy, Stringer Organizations: Service, Pizza Enterprises, Business, Domino's, BI, Domino's Pizza Enterprises, Domino's Pizza, U.S, Company Locations: Michigan, Domino's
Read previewSpeaking at the US Treasury Market Conference on Thursday, Treasury Secretary Janet Yellen referenced her predecessors — and their mistakes — often. This story is available exclusively to Business Insider subscribers. "In January 2021, I stepped into a Treasury Department whose focus on financial stability had all but disappeared," she said. "Put simply, we were without crucial tools to identify and help respond to risks to financial stability," she said. Related storiesThere's nothing indicating that a second Trump administration would bring a different attitude toward regulation than his first.
Persons: , Janet Yellen, Donald Trump, Yellen, Trump's, Trump, Steven Mnuchin, Jon Hilsenrath, Kamala Harris Organizations: Service, US Treasury Market Conference, Business, Treasury Department, Federal Reserve, Securities, Exchange, Politico, Trump, Wall Street Locations: Basel III, mull
Russian President Vladimir Putin said he's considering changing the country's nuclear weapons rules. It would mean an attack from a state backed by a nuclear power would be seen as a "joint attack." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussian President Vladimir Putin is stepping up his nuclear threats against the West, as the US and its allies waver over allowing Ukraine to use long-range weapons they've supplied on targets in Russia.
Persons: Vladimir Putin, Putin, Organizations: Military, Service, National Security, Business Locations: Ukraine, Russia
NYC Mayor Eric Adams isn't messing around defending himself against a federal indictment. The mayor has hired high-powered attorney and Elon Musk favorite, Alex Spiro, Bloomberg reported. Adams was indicted this week on charges related to bribery, fraud, and conspiracy. Go to newsletter preferences Thanks for signing up! AdvertisementNew York City Mayor Eric Adams is reportedly turning to one high-profile person to help fight his recent indictment: Elon Musk's favorite lawyer.
Persons: Eric Adams isn't, Elon Musk, Alex Spiro, Adams, , Eric Adams, Elon Musk's Organizations: Bloomberg, Service, York City, NYPD, Business Locations: York
The internet's newest celebrity, Moo Deng, is winning hearts and sparking makeup trends. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe internet's newest sweetheart — the baby pygmy hippopotamus Moo Deng from Thailand — is sparking a new makeup trend on social media. Moo Deng has become a social media sensation in its short two-and-a-half months of existence.
Persons: Moo Deng, , Deng Organizations: Service Locations: Thailand, Khao Kheow, Bangkok
Read previewBig tech cloud providers have been investing in their own homegrown AI chips lately, in hopes of replicating Nvidia's success. Amazon Web Services have worked on Trainium and Inferentia processors for several years, while Google unveiled its sixth generation TPU line of AI chips this year. Davidson, AWS's AI chips may have one potential advantage: more regional availability. Regional deployment rate of AI chips by Microsoft, Amazon, and Google D.A. The company has doubled down on its silicon business lately, but its AI chips have so far seen mixed results against Nvidia's dominance.
Persons: , Maia, Gil Luria, Davidson, AWS's, Luria, Microsoft's Maia, Patrick Neighorn, we're Organizations: Service, Services, Google, Microsoft, Business, D.A, Davidson, AWS, Nvidia's
It's been a wild 24 hours at OpenAI. Meanwhile, CEO Sam Altman said Thursday the exec departures were unrelated to restructuring talks. AdvertisementIt's been a wild 24 hours at OpenAI, with three high-level execs leaving the company — including CTO Mira Murati — and reports it's restructuring as a for-profit benefit corporation. Speaking at Italian Tech Week Thursday, OpenAI CEO Sam Altman said the executive departures and restructuring talks were unrelated. "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," he wrote.
Persons: It's, Sam Altman, , Mira Murati —, Sam Altman's, execs, Altman, Elon Musk, Gary Marcus —, Altman —, Sora hasn't, Marcus, Nicolas Miailhe, Miailhe, I've, it's, Mark Chen, Bob McGrew Organizations: Service, Italian Tech, OpenAI, Bloomberg, Reuters, Geometric Intelligence, Future Society Locations:
Famed "Big Short" investor Michael Burry is benefiting from the recent surge in Chinese stocks. Burry began aggressively buying Chinese stocks in the fourth quarter of 2022, and it seems to finally be paying off. AdvertisementBurry also has 12% of his portfolio invested in Baidu, and another 12% of his portfolio invested in JD.com. Billionaire investor David Tepper said on Thursday that it's a buy "everything" moment for Chinese stocks. Tepper believes there's more upside to be had in Chinese stocks due to their depressed valuations.
Persons: Michael Burry, , Burry, Alibaba, David Tepper, Tepper, there's Organizations: Scion, Management, Service, Scion Asset Management, Baidu, People's Bank of China, Alibaba, CNBC Locations: JD.com, China, HedgeFollow, China's
The communications services sector has been on an unbelievable tear for nearly two years. Since hitting a low on October 2022, the Communication Services Select Sector (XLC) has nearly doubled, outperforming the S & P 500 in that time. "The smallest sector in the market (by constituents not value) has been one of the most dominant over the past two years," wrote Wolfe Research's Rob Ginsberg. Our sense is that is better for sale here," Ginsberg wrote. Elsewhere on Wall Street this morning, Bernstein upgraded Starbucks to outperform from market perform.
Persons: Wolfe, Rob Ginsberg, Ginsberg, Bernstein, Brian Niccol, Danilo Gargiulo Organizations: Communications, Netflix, Taco Bell Locations: GOOGL
AdvertisementSalesforce will close its office in Hillsboro, Oregon, and is asking many of its employees based there to either relocate or accept a severance package. In virtual meetings Thursday afternoon, the cloud software giant notified staffers who report to its Hillsboro office, thirty minutes outside of Portland, of its decision. AdvertisementSalesforce opened its Hillsboro office in 2013. The Hillsboro office was Salesforce's only location in the Portland metro area. The Hillsboro office closure also comes as Salesforce, which makes and sells cloud-based software for customer relationship management, attempts to rebrand as a company powered by artificial intelligence.
Persons: Salesforce, , Marc Benioff, Ellen Thomas Organizations: Service, Hillsboro office's, Business, Oregonian Locations: Hillsboro , Oregon, San Francisco, Hillsboro, Portland, Indianapolis, Atlanta, Seattle, Seattle .
Read previewAlex Jones' conspiracy theory empire Infowars will be sold off for parts to pay off a fraction of his massive court judgments — but it likely won't be the end of the far-right commentator. In a court hearing on Tuesday, a Texas bankruptcy judge announced that he will approve the auctioning off of Infowars' parent company, Free Speech Systems, which Jones fully owns, according to The Associated Press. The auction is a result of Jones agreeing in June to liquidate his assets after both he and Free Speech Systems filed separately for bankruptcy in 2022. Advertisement"It's very cut and dry that the assets of Free Speech Systems, the website, the equipment, the shopping cart, all that, can be sold," Jones said. The bankruptcy trustee overseeing Jones' assets said in court this week that some potential buyers have already expressed interest in getting a piece of Free Speech Systems, NPR reported.
Persons: , Alex Jones, Jones, Sandy Hook, CNN —, he'd, it's, Infowars Organizations: Service, Free Speech Systems, Associated Press, Business, ThreeSixty, Speech Systems, CNN, NPR Locations: Texas, Sandy
Read previewA Japanese destroyer sailed through the Taiwan Strait for the first time in decades, Japan's Yomiuri newspaper reported, citing Japanese government officials. Japan's foreign affairs ministry and New Zealand's defense ministry didn't immediately respond to requests for comment. Related storiesIt's not the first time in recent weeks that international vessels have crossed the Taiwan Strait. During a press conference on Wednesday, China's foreign ministry said it was "highly vigilant on Japan's political intention behind this move." According to updates shared by Taiwan's defense ministry , China's aircraft, vessels, and ships now operate around Taiwan almost daily, sometimes crossing the median line in the strait and causing Taiwan to scramble its planes.
Persons: , Fumio Kishida, Japan's, Yoshimasa Hayashi, didn't, Boris Pistorius, Lin Jian Organizations: Service, Yomiuri, Japan's, Defense Force, Business, - Defense Force, Kyoto, NHK, New, Australian Defense Force, German, Foreign Locations: Taiwan Strait, East, China, Taiwan, Japan, New Zealand, South China, Australian
One of China's newest attack submarines sank at a shipyard in Wuhan. China's shipbuilding industry is massive and at the core of its naval modernization efforts. AdvertisementOne of China's newest nuclear-powered attack submarines sank in a Wuhan shipyard, a US official told Business Insider, confirming earlier reporting. Costfoto/NurPhoto via Getty ImagesThe submarine's sinking comes as China's shipbuilding industry continues to fuel its naval modernization plans. The Pentagon has long identified China's shipbuilding industry as key to its naval buildup, which is occurring at a rapid pace.
Persons: , Planet Labs PBC Thomas Shugart, uWFjFFblrZ, Tom Shugart Organizations: Service, Business, Zhou, Wall Street, Planet Labs, Planet Labs PBC Thomas, Center, New, New American Security, People's Liberation Army, PLA Navy, Getty, Pentagon Locations: Wuhan, Wuchang, China, New American, Beijing
Starbucks — The coffee chain rose more than 2% after Bernstein upgraded the stock to outperform from market perform. New York Community Bancorp — Shares of the regional lender gained more than 4% after Barclays upgraded shares to overweight as it repositions itself following a rocky patch. Micron Technology , chip stocks — Micron shares surged nearly 17% after offering a stronger-than-expected revenue forecast for the fiscal first quarter. Nvidia rose 2%, while U.S.-traded shares of ASML Holding added nearly 5%. Southwest Airlines — The travel stock rose about 5% after Southwest hiked its third-quarter revenue forecast.
Persons: Bernstein, Brian Niccol, Graham Doyle, Bilibili, Goldman Sachs, Jefferies, Elliott, Sonos, Morgan Stanley, Erik Woodring, , Alex Harring, Samantha Subin, Jesse Pound, Sarah Min Organizations: New York Community Bancorp, Barclays, Micron Technology, Micron, Nvidia, ASML, Bank of America, NRG Energy, GE Healthcare Technologies, UBS, Jefferies, Southwest Airlines, Southwest, Elliott Management Locations: U.S, China, Bilibili —, dealmaking
For long term investors we continue to believe they have the best enterprise AI platform and retain our 18-month $500 price target." Truist initiates First Solar as buy Truist said the solar company has a wide moat. " Deutsche Bank reiterates Tesla as buy The firm said it's sticking with its buy rating heading into the company's delivery report in October. UBS reiterates Micron as buy UBS said it's sticking with the stock following earnings on Wednesday. "We are taking the opportunity to reaffirm our positive view on DKNG and up our year-end 2025 price target to $54."
Persons: Goldman Sachs, Goldman, Morgan Stanley downgrades, Morgan Stanley, Oppenheimer, Truist, Tesla, Jefferies downgrades Hershey, Jefferies, it's, Orion, Bernstein, NYCB, Morgan Stanley downgrades Sonos, there's, JPMorgan, Ralph Lauren Organizations: UBS, GE Healthcare, Entertainment, Tencent, Microsoft, Inc, Deutsche Bank, Hershey, Susquehanna, Nvidia, NVIDIA, Nike, Deutsche, Apple, Barclays, Community Bank, Micron, MU, " Bank of America, Meta, Bank of America, SONO, UW, GE Vernova, GE, RL Locations: China
Rudy Giuliani has been disbarred — again
  + stars: | 2024-09-26 | by ( Jacob Shamsian | ) www.businessinsider.com   time to read: +1 min
Rudy Giuliani can no longer practice law in Washington, DC. Go to newsletter preferences Thanks for signing up! AdvertisementRudy Giuliani has officially lost his law license — in Washington, DC, this time. It is the latest indignity for Giuliani, who has been shoved out of the legal profession after promoting conspiracy theories about the 2020 election following Donald Trump's election loss, and was previously disbarred in New York. The Washington, DC, Court of Appeals handed down the disbarment order with "reciprocal discipline," finding Giuliani was unable to show why the New York decision to take away his law license was wrong.
Persons: Rudy Giuliani, , Giuliani, Donald Trump's Organizations: Service, New Locations: Washington , DC, New York, Washington ,, The Washington, DC
Elon Musk is worth more than Salesforce or Pepsi after a $100 billion wealth gain since April. Go to newsletter preferences Thanks for signing up! The Tesla CEO's net worth crashed from $229 billion at the start of January to $164 billion by late April, per the Bloomberg Billionaires Index. However, shares of the EV maker have surged by over 80% from their April low, driving a more than $100 billion increase in Musk's wealth to $270 billion at Wednesday's close. That includes an almost $50 billion rise since August 7, when Musk's fortune stood at an estimated $223 billion.
Persons: Elon Musk, , Elon Organizations: Pepsi, Service, Tesla, Bloomberg, Business
Lupita Nyong'o voices the main character Roz in "The Wild Robot," in theaters Friday. Lupita Nyong'o voices Roz in "The Wild Robot." She'd strained her vocal cords so much doing Roz's voice that they formed a polyp, a growth on the vocal cords that forms due to overuse or misuse. Related stories"I wasn't even aware, honestly, of the stress she was putting on her own voice," Sanders said. "The Wild Robot" director Chris Sanders and Lupita Nyong'o.
Persons: Roz, Nyong'o, , Lupita Nyong'o, Chris Sanders, Sanders, She'd, Lupita, Craig Barritt, Getty Nyong'o, Seth Meyers, Taylor, who's Organizations: Service, DreamWorks
The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major 2020 election defamation lawsuit Thursday in a last-minute agreement to avoid a high-stakes trial. But in the run-up to the trial, Smartmatic’s hand weakened significantly, further raising the possibility of a settlement. Smartmatic has claimed that the lies promoted by Newsmax, Fox News, and other Trump allies destroyed its reputation and cost the company billions of dollars. However, as the Newsmax trial approached, Smartmatic’s lawyers reduced the company’s damages claim to approximately $370 million, according to statements in court. It often makes sense to settle rather than pay the expenses of a trial and possible appeals.”The settlement is the latest in a string of 2020 election defamation cases to reach an out-of-court agreement before trial.
Persons: Smartmatic, Newsmax, Erik Connolly, ” Connolly, “ Smartmatic, Donald Trump, ” Howard Cooper, Trump, Eric Davis, , Eric Robinson Organizations: Trump, Smartmatic, Newsmax, Fox News, University of South, Dominion, Systems, News, Fox Corporation, Fox Locations: Wilmington , Delaware, . Delaware, , University of South Carolina
Read previewVice President Kamala Harris has made a number of promises as part of her proposed domestic agenda. That's left Democrats with little choice than to go on offense and try to beat Sen. Ted Cruz in Texas and Sen. Rick Scott in Florida. Cruz and Scott we will crystallize the case against them," Peters said. In Texas, Cruz faces Democratic Rep. Colin Allred, who was recently endorsed by former Republican Rep. Liz Cheney. A source close to Scott signaled that the Florida senator isn't sweating it, telling Business Insider that "if national Democrats decide to spend in Florida, Rick Scott will spend more."
Persons: , Kamala Harris, Harris, She's, Donald Trump, Sen, Joe Manchin's, Tim Walz, Sherrod Brown, Jon Tester, Montana . Brown, Tester, Tim Sheehy, That's, Ted Cruz, Rick Scott, Gary Peters of, Cruz, Scott, Peters, Colin Allred, Liz Cheney, Scott's, Debbie Mucarsel, Powell, Allred Organizations: Service, Business, Senate, Gov, Republican, Democratic Senatorial, Gary Peters of Michigan, Sens, Democratic, Republicans Locations: Ohio, Montana ., Texas, Florida, In Texas, In Florida, New York, California
Russia's central bank says inflation is rising while the nation's economy cools. These are the key ingredients for stagflation, a scenario that's harder to combat than a recession. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs Russia's GDP and inflation figures move in the wrong direction, the worst-case scenario for any economy looms large over Moscow.
Persons: Organizations: Service, Bloomberg, Business Locations: Moscow
Elon Musk purchased Twitter with a pledge to make it a bastion for free speech. AdvertisementA new "transparency report" from X might surprise anyone who has heard its owner, Elon Musk, talk about the importance of free speech. Three years after Musk took control of the company and rebranded it X, it has finally released a new transparency report. According to its transparency reports at the time, Twitter suspended almost 873,000 accounts in the last half of 2019. That number grew to about 1.3 million account suspensions in the latter half of 2021.
Persons: Elon Musk, Musk, Alex Jones, Donald Trump, , X, Donald Trump's, Infowars, Ken Klippenstein's, JD Vance, Trump's, Trump Organizations: Elon, Service, Twitter, CNN, Social, Trump, takedowns Locations: Brazil, Turkey, India
Reuters —Sudan’s army launched artillery and airstrikes in the capital on Thursday in its biggest operation to regain ground there since early in its 17-month war with the Rapid Support Forces (RSF), witnesses and military sources said. Witnesses reported heavy bombardments and clashes as army troops tried to cross bridges across the Nile connecting the three adjoining cities that make up the greater capital, Khartoum, Omdurman and Bahri. Army sources said their forces had crossed bridges in Khartoum and Bahri. The RSF told Reuters it had thwarted the army’s attempt to cross two bridges to Khartoum. Though the army retook some ground in Omdurman early this year, it depends mostly on artillery and airstrikes and has been unable to dislodge nimble RSF ground forces embedded in other parts of the capital.
Persons: Reuters —, General Abdel Fattah al, Burhan, , ” Ahmed Abdalla, RSF, Fashir, , Volker Turk, autocrat Omar al, Bashir Organizations: Reuters, Rapid Support Forces, United Nations General Assembly, UN, Human, UN Security Council Locations: New York, Khartoum, Omdurman, Bahri, Sudan, United States, Switzerland, North Darfur, Darfur, al
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