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☆ Drawings by teenage Queen Victoria to go up for auction
▼ + stars: | 2024-07-01 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +3 min

London CNN —A set of 19th-century drawings by a teenage Queen Victoria will be put up for auction in London next week. An ink drawing by Queen Victoria, titled "A seated woman with a crown and sash" and dated 1838, is inscribed "by Her Majesty." George Hayter also gave the Queen drawing lessons, and Russell believes these drawings show his influence “quite closely”. The auction house has previously sold other works by royal artists, including a painting by Queen Victoria’s daughter, Princess Victoria, which fetched £4,198 (around $5,320) last year. The Royal Collection Trust, which looks after the royal family’s art collection, has more than 4,000 works by Queen Victoria, spanning 64 years of her life.

Persons: Queen Victoria, Victoria, ”, Charlotte Russell ,, ” Russell, Roseberys, Princess Victoria, Valuers Russell, Augusta Hayter, George Hayter, Russell, King George IV, “ I’m, Queen Victoria’s, Prince Albert, Edwin Landseer, William Leighton Leitch, Franz Xaver Winterhalter Organizations: CNN’s Royal, London CNN, Old, CNN, Royal, Westminster Abbey, Collection Trust Locations: London, British, Sale, Roseberys, Victoria

☆ Stocks surged during the first half of 2024. What’s next?
▼ + stars: | 2024-07-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

Much of the S&P 500’s gains were concentrated in the Magnificent Seven big tech names, while other stocks lagged behind. Coming into this year, Wall Street projected that the Fed would ease rates as many as six times in 2024. What could be in store for the stock market during the second half of 2024? “I feel very, very good about the values of my three children, and I have 100% trust in how they will carry things out,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.

Persons: there’s, Bell, Kevin Gordon, Charles Schwab, you’ve, It’s, we’re, it’s, I’d, That’s, Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, Read, Matt Egan, unstuck, —, Michael Gapen Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Nvidia, Federal Reserve, Wall, Fed, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Bank of America, CNN Locations: New York, America

☆ China’s ‘military readiness’ questioned with dramatic downfall of two defense ministers
▼ + stars: | 2024-07-01 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

At the height of their careers, former defense ministers Li and Wei often struck a tough tone before the world’s top military officials. Former Defense Ministers Li Shangfu and his predecessor Wei Fenghe have both been expelled from the Communist Party over corruption allegations. Most of the generals dismissed or disappeared without explanation last year were linked to the Rocket Force or military equipment, including Li and Wei. An engineer by training, the 66-year-old spent decades launching rockets and satellites in southwest China before being promoted to the PLA headquarters to deal with military equipment procurement. “The gun barrel must always be held in the hands of those who are loyal and reliable to the party,” Xi told the PLA elites.

Persons: Hong Kong CNN —, Xi, Li Shangfu, Wei Fenghe, Xi Jinping, Li, Wei, “, James Char, ”, Former Defense Ministers Li Shangfu, Wei’s, Joel Wuthnow, ” Wuthnow, ” Char, Weidong, Char, Jason Lee, Xu Caihou, Guo Boxiong, Xu, Guo, Wuthnow, Jiang Zemin, haven’t, ” Wei, Li “, Bill Bishop, ” Xi Organizations: Hong Kong CNN, Communist Party, People’s Liberation Army, PLA, Rajaratnam, of International Studies, Former Defense Ministers, AP, Reuters, Rocket Force, Development Department, Second Artillery Corps, Pentagon, National Defense University, CCP, China’s Naval University of Engineering, Central Military Commission, Military, People's, CMC, Communist Locations: China, Hong Kong, Taiwan, United States, Singapore, People's Republic of China, Beijing, Yan’an

☆ I'm a housekeeper in Palm Beach earning more than I ever imagined due to the influx of young, wealthy families to South Florida
▼ + stars: | 2024-06-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Marta Magarelli, 60, a housekeeper in Palm Beach, where housekeepers are in high demand. Now, I work as the executive housekeeper for a family in Palm Beach, earning far more than I ever imagined. Even though I hadn't had experience as an executive housekeeper before, I never let that stop me from taking on a new challenge. AdvertisementThe number of employees in these Palm Beach homes can easily rack up. The market for housekeepers in Palm Beach has changed a lot in recent yearsPalm Beach is a very expensive ZIP code.

Persons: —, Marta Magarelli, It's, Housekeepers, hadn't, it's, I've, housekeepers, I'd Organizations: Service, Business, housekeepers Locations: Palm Beach, Brazil, America, Florida, South Florida, New York

☆ Rich collectors want to give art to their kids, but they don't want it. Here's what they can do instead, and they can save millions on taxes, too.
▼ + stars: | 2024-06-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

Read previewNearly 80% of wealthy art collectors want their masterpieces to stay in the family, according to a Bank of America survey. For instance, the survey found that collectors between 21 and 43 have a greater appreciation for sculptures and antiquities than older art aficionados. Rich art collectors are reluctant to address the issue, according to Rosemary Ringwald, head of art planning at Bank of America's private bank. Collectors are increasingly picking art executors or art trustees to oversee their possessions after they die, she said. The ideal executor does not have a financial interest in the art and isn't a prospective owner of it.

Persons: —, Rich, Rosemary Ringwald, Ringwald Organizations: Service, Bank of America, Business, Bank of, IRS, Bank Locations: Aspen

☆ Russia can’t fight NATO on the battlefield – so it’s waging a hybrid war instead
▼ + stars: | 2024-06-30 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +15 min

And while they might look minor in isolation, taken together these incidents amount to what security experts say is Russia’s hybrid war on the West. Thornton said Russia was resorting to a campaign of sabotage as an alternative to a full-on war with NATO, which would be disastrous for Russia. Article 5 is the cornerstone principle that an attack on one member of NATO is an attack on all members. Danylyuk said the Russian security apparatus doesn’t shy away from using criminals to do its dirty work, tapping into its links with international organized crime. Russia can only be strong if the West and NATO are weak.

Persons: –, Petr Fiala, Jens Stoltenberg, Rod Thornton, there’s, ” Thornton, Vladimir Putin, Thornton, “, ”, It’s, ” Nicole Wolkov, Andrei Averyanov, Averyanov, Sergei, Yulia Skripal, d’etat, Oleksandr Danylyuk, …, Volodymyr Zelensky’s, Danylyuk, Olga Lautman, Fiala, Sergei Skripal, Yulia, Frank Augstein, ” Lautman, Lautman, Alexander Litvinenko, Andrei Lugovoi, Theresa May, Nikolai Glushkov, Salisbury, Putin, ” “, let’s, ’ ”, that’s, Litvinenko, Skripal Organizations: CNN, Occupation, . Police, European Union, NATO, King’s College London, ”, Royal United Services Institute, Czech Police, GRU, London –, German Federal Public, Ukraine, Russian, Russia NATO, Center for, European, of Human, Duma, Metropolitan Police, Command, Soviet, West Locations: Prague, Czech, Moscow, Europe, Riga, London, Warsaw, Germany, Russia, Belarus, Russian, Spain, Lithuania, Canada, Ukraine, Kyiv, Russia –, United States, al Qaeda, France, EU, Salisbury, England, Czech Republic, Vrbetice, Montenegro, Moldova, Macedonia, Ukrainian, Poland, Salisbury , England, Finland, Estonia, Lautman, Soviet Union

☆ Bitcoin blues could extend into July but outlook for the second half is upbeat
▼ + stars: | 2024-06-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Bitcoin's blues could linger throughout July, but investors are still optimistic about the cryptocurrency in the second half of the year. July is usually a strong month for bitcoin, which has finished higher for the month in seven of the last 11 years, according to CoinGlass. "There are always other known potential sources of bitcoin supply from government for example, but it's always uncertain when that's coming to market. This week, the crypto market was startled when the U.S. and German governments sent large amounts of previously seized bitcoin to exchanges, according to CryptoQuant. Marion Laboure, senior strategist at Deutsche Bank Research, said growing demand for crypto ETFs will help keep bitcoin's price "elevated" in the months ahead.

Persons: bitcoin, Zach Pandl, it's, JPMorgan's Nikolaos Panigirtzoglou, Pandl, Trump, Marion Laboure, 21Shares, Michael Bloom Organizations: Metrics, Federal, U.S ., Deutsche Bank Research, Solana Locations: U.S, Mt

☆ Warren Buffett has finally revealed what will happen to his money after he dies
▼ + stars: | 2024-06-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

“The Gates Foundation has no money coming after my death,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation. Berkshire Hathaway on Friday said that Buffett is converting roughly 9,000 Class A shares into more than 13 million Class B shares. About 9.3 million shares will go to the Bill & Melinda Gates Foundation Trust, with the rest split among the four Buffett family charities. Following the newly announced donations, Buffett owns 207,963 Berkshire Hathaway Class A shares and 2,586 Class B shares, the company said.

Persons: New York CNN — Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, “ Warren Buffett, ” Mark Suzman, “, ”, Melinda Organizations: New, New York CNN, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Melinda Gates Foundation Trust, CNN, Berkshire Hathaway Locations: New York

☆ Trump's NJ golf club liquor licenses are in Jr.'s name. Hiding behind his son isn't helping as the state moves to revoke.
▼ + stars: | 2024-06-28 | by ( Haven Orecchio-Egresitz | Laura Italiano | ) www.businessinsider.com time to read: +7 min

Read previewThe liquor licenses for Donald Trump's three New Jersey golf courses are in his eldest son's name, not his own, according to records obtained by Business Insider. But hiding behind Donald Trump, Jr. isn't enough to protect the elder Trump. Donald Trump, Jr.'s signature on the most recent liquor license for his father's golf course in Bedminster, NJ. New Jersey attorney general's office/BIThe last time Trump almost lost all three of his New Jersey licenses was in 2021. The law firm that handles Trump's New Jersey liquor licenses did not respond to phone calls and emails requesting comment.

Persons: —, Donald Trump's, Donald Trump , Jr, Trump, Pine Hill , New Jersey —, Matthew J, Platkin, Donald J, prospers Trump, Peter M, Rhodes, Cahill, Wilinski, Joyce, Donald Trump, general's, Cooper, Trump's, Gurbir S, Grewal, William Fay, Fay Organizations: Service, Business, Trump National Bedminster, Trump National Golf Club, Trump National Philadelphia —, Pine, general's, Alcoholic Beverage Control, Trump, ABC, Trump Revocable Trust, Trump's New, Trump Organization, White, Trump Org, Court, New, New Jersey Licensed Beverage Association, LLCs, BI, Colts, Trump's Locations: New Jersey, Pine Hill , New Jersey, Jersey, Bedminster, NJ, United States, , New Jersey, Trump's New Jersey, New York , Georgia, Washington, DC, Florida, York, New York, Haddonfield , New Jersey, Bedminster , NJ . New Jersey, Trump's

☆ U.S. Soccer ‘deeply disturbed’ by racist abuse directed at men’s national team’s players after loss to Panama at Copa América
▼ + stars: | 2024-06-28 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —U.S. Soccer said it was “deeply disturbed” by the racist abuse directed at two of the men’s national team’s players following it’s surprise 2-1 defeat by Panama at the 2024 Copa América in Atlanta on Thursday. Defender Chris Richards and striker Folarin Balogun posted on their Instagram stories the racist messages they had received over the social media platform. Earlier in June, soccer’s global governing body FIFA reinforced its commitment to fighting online abuse, in particular through its Social Media Protection Service (SMPS). The SMPS is a tool which FIFA says protects individuals in soccer from online abuse by hiding hate speech. Panama players celebrate after beating the US at the Copa América.

Persons: Chris Richards, Folarin Balogun, ”, Meta, –, Richards, Balogun, Striker Tim Weah, César Blackman, José Fajardo, Rich von Biberstein, Adalberto Carrasquilla, Christian Pulisic, Tyler Adams, “, Weah Organizations: CNN, U.S, Soccer, América, national, ” CNN, FIFA, Social Media Protection Service, Panama, Mercedes, Benz, Midway, Copa América, Getty, US, Uruguay, Reuters, Juventus Locations: Panama, Atlanta, Uruguay, Bolivia

☆ Fact checking the CNN presidential debate
▼ + stars: | 2024-06-27 | by ( Cnn Staff | ) edition.cnn.com time to read: +69 min

CNN —President Joe Biden and former President Donald Trump faced off during CNN’s presidential debate in Atlanta Thursday night. From CNN’s Daniel DaleFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. From CNN’s Daniel Dale and Ella NilsenFormer President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on Thursday, June 27. From CNN’s Alicia WallaceFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Kpler found that China imported about 511,000 barrels per day of Iranian crude in December 2020, Trump’s last full month in office.

Persons: Joe Biden, Donald Trump, Biden, Trump “, “, ” Trump, ”, Trump, ” John Kelly, servicemembers, Kelly, Jim Sciutto, Daniel Dale, Kaanita Iyer, Roe, Wade, That’s, Wade ”, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Trump’s, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, ’, Will Lanzoni, ” Biden, corpsman —, Hamid Karzai, CNN’s Haley Britzky, didn’t, Priscilla Alvarez, George Floyd, Tim Walz, Walz, Paul –, CNN’s Holmes Lybrand, Daniel Dale FACT, European Union won’t, Ella Nilsen, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, Austin Steele, CNN Biden, Tristen Rouse, CNN Tapper, Robert F, Kennedy Jr, Kennedy, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Iran “, Mike Pompeo, ” Pompeo, Tami Luhby Trump, CNN’s KFILE, weren’t, Hillary Clinton, affirmatively, it’s, what’s, –, Alicia Wallace, Obama, CNN’s Ella Nilsen, you’re, Biden’s, Hunter Biden, Joe Biden’s, Viktor Shokin, Shokin, CNN’s Marshall Cohen, “ It’s, Rick Muskat, CNN.So, Morgan, Katie Lobosco, Alvin Bragg’s, Bragg, Jack Smith, Smith, General Merrick Garland, Garland, Matthew Colangelo, Colangelo, I’ve, there’s, Iran haven’t, ” Matt Smith, Ali Vaez, Kpler, Gary Engelhardt, Jason Richwine, ” Richwine, Tami Luhby, Confederate, Robert E, Lee, marchthat, “ I’m, Elle Reeve, Ralph Northam, Jen Christensen, ” Trump’s, Ronald Reagan’s, Barack Obama, George W, ‘, ’ ” Trump, CNN’s Jen Christensen, Pelosi, Nancy Pelosi, “ Nancy Pelosi, …, Alexandra Pelosi, Aaron Bennett, Cherry, Christopher Miller, Miller, Charis Kubrin, CNN’s Catherine Shoichet, ” Kubrin’s, Graham Ousey, College of William & Mary, Erwan, George Washington, Marshall Cohen, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, Howard Gleckman, ” Gleckman Organizations: CNN, Trump, Homeland Security, SSRS, Marquette Law School, NBC, Gallup, ” Rutgers Law, American University, university’s Health, University of California, Atlanta, US Navy, Border Patrol, Border Patrol Council, National Guard, Minneapolis Former, Minnesota Democratic Gov, Minnesota National Guard, Guard, EU, European Union, US, European Automobile Manufacturers ’ Association, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, State, Medicare, Black, of Labor Statistics, Republican, Burisma Holdings, International Monetary Fund, Republicans, House Republicans, US International Trade Commission, US Customs, Deer Stags, Peterson Institute for International Economics, Justice Department, DOJ, DC, federal, Department, Democrat, Americas, Crisis, Social Security, Social, General Internal Medicine, “, Syracuse University, Center for Immigration Studies, Electoral, White, Nazi, US Centers for Disease Control, Former Virginia Gov, United, China Former, China, Hamas, ISIS, Trump’s, Democratic, Congressional, Capitol, Colorado Supreme Court, US Food, Guttmacher Institute, California Democrat, Capitol Police Board, Senate, District of Columbia National Guard, College of William &, NATO, Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, Urban, Brookings Tax, Urban Institute, ”, Tax, Center Locations: Atlanta, France, Afghanistan, Kabul, Jordan, Iran, Somalia, Yemen, Yakushima Island, Japan, Minneapolis, Portland, Minnesota , Minneapolis, St, EU, Georgia, CNN's, Washington ,, AFP, Lebanon, Israel, what’s, Paris, China, India, Russia, United States, Ukrainian, Ukraine, lockstep, American, Manhattan, New York , Georgia, Florida, Washington, New York, York’s, Mexico, Kpler, Malaysia, Charlottesville, Charlottesville , Virginia, White, Virginia, Northam, East, “, New York City, Saudi, al Qaeda, Texas, Colorado, California, Trump, Irvine, Germany, Berkeley

☆ Bosses are using 'silent lay-offs' and 'quiet firing' to get rid of employees. It could backfire.
▼ + stars: | 2024-06-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

But the latest workplace trends — "silent layoffs" and "quiet firing" — could be the most harmful to date. Silent layoffs occur when a company provides staff with severance packages but asks them to keep quiet about the details of their exit. Amit Rawal, a management lecturer at City University of London's Bayes Business School, told BI that silent layoffs have become "increasingly popular across larger corporations." Related storiesThe goal of silent layoffs is likely to minimize the amount of negative traction the company receives. Advertisement'A PR disaster waiting to happen'Experts told BI that quietly getting rid of employees could easily backfire when employees opt to fight back and speak out.

Persons: —, PwC, Mohamed Kande, Amit Rawal, Eloise Skinner, it's, Skinner, Lucas Botzen, Suzanne Horne, Paul Hasting, Evan Nierman, Banyan, Dan Buckley, Buckley, Nierman, Horne Organizations: Service, Business, Financial Times, PwC Global Network, Europa Press, City University, London's Bayes Business, National Labor Relations, CNN, National Labor Relations Board, Dell, Workers, Amazon, BBC

☆ Despite high demand, kidneys donated by Black Americans are more likely to be thrown away. Here’s why
▼ + stars: | 2024-06-26 | by ( Ana S. Iltis | ) edition.cnn.com time to read: +6 min

Making matters worse, kidneys from Black donors in the U.S. are more likely to be thrown away as a result of a flawed system that erroneously considers all Black donor kidneys as more likely to stop working after a transplant than kidneys from donors of other races. Research on previous transplants shows that some kidneys donated by Black people are more likely to stop working sooner after transplantation than kidneys donated by people from other races. This could explain the data on Black donor kidney failure rate. And since Black kidney recipients are more likely to receive kidneys from Black donors, this approach could perpetuate transplant disparities. One way researchers are working to identify higher risk kidneys is using the APOLLO study, which assesses the impact of key variants on donated kidneys.

Organizations: CNN, Black, American, Research, Americans Locations: U.S, Africa, West, Saharan Africa

☆ Snapchat is rolling out new safety tools aimed at protecting teens from sextortion
▼ + stars: | 2024-06-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

The company on Tuesday announced a set of new safety features, including expanded warning pop-ups that appear when a teen receives a message from someone they don’t share mutual friends with or have in their contacts. And Snapchat will now prevent the delivery of friend requests for teens to or from an account that they don’t share mutual friends with that is also located in regions often associated with scammers. Meta in April also announced new features aimed at combating sextortion, including informing users when they’ve interacted with someone who engaged in financial sextortion. Now, when a user blocks another account, any new accounts created on the same device will also automatically be blocked. The updates build on Snapchat’s existing teen safety features, which include a “Family Center” where parents can supervise the behavior of 13- to 17-year-old users, and mechanisms for removing age-inappropriate content.

Persons: New York CNN —, aren’t, ” Snapchat, Jacqueline Beauchere, sextortion, they’ve Organizations: New, New York CNN, CNN, Meta, Prevention Locations: New York

REUTERS/Bobby Yip/File Photo Purchase Licensing Rights New Tab , opens new tabJune 26 (Reuters) - A look at the day ahead in Asian markets. The first definition that appears in an online search for the meaning of "resilience" is "the capacity to withstand or to recover quickly from difficulties; toughness." In that light, the direction Asian markets are liable to take on Wednesday is hard to call. Broader concerns about the weakness of the yen and potential intervention from Japanese authorities, and the Chinese yuan's steady depreciation, still hang heavily over Asian markets. Here are key developments that could provide more direction to markets on Wednesday:- Australia inflation (May)- RBA assistant governor Kent speaks- Singapore manufacturing production (May)Sign up here.

Persons: Bobby Yip, Tuesday's, Christopher Kent, Kent, Jamie McGeever Organizations: Hong Kong Stock Exchange, REUTERS, Nvidia, Tuesday's U.S, Reserve Bank of Australia, Bank of Japan, U.S, Reuters, Thomson Locations: Hong Kong, China, U.S, Tuesday's, Singapore, Australia

☆ Alex Jones’ court trustee plans to shut down his notorious conspiracy outlet Infowars
▼ + stars: | 2024-06-24 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

CNN —Conspiracy theorist Alex Jones’ Infowars media empire will be shut down and sold off, a bankruptcy court-appointed trustee said in an emergency court filing Sunday, signalling the end of the notorious far-right outlet that Jones has used to spread dangerous misinformation and lies. But at that time, the judge ruled Jones’ media company Free Speech Systems, the parent of Infowars, would not be liquidated partly because the process would be costly and lengthy. The dismissal of the bankruptcy case against the outlet meant that the families were free to go after Jones’ assets, including Infowars, in state court. Since Jones is the owner of Free Speech Systems, a court appointed trustee was put in charge of the company. As a result, Jones’ trustee asked the bankruptcy judge for an emergency stay in the case to allow them to conduct an “orderly wind-down and sale process” of Infowars.

Persons: Alex Jones ’, Jones, Sandy Hook, “, Christopher Mattei, Connecticut, ”, ” Mattei, ” Jones, Infowars, “ I’m Organizations: CNN, Speech Systems, Free Speech Systems, Systems, Court, Free, “ Locations: Texas, Infowars, Connecticut, Infowars

☆ Even in bankruptcy, Rudy Giuliani keeps his financial picture hidden. Now he might lose control of it.
▼ + stars: | 2024-06-23 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Read previewWhen Rudy Giuliani filed for bankruptcy late last year, it gave him some room to breathe. They all flowed into a federal bankruptcy court, where creditors could negotiate for whatever funds the aging former New York City mayor had left. But if the judge were to agree with the creditors and appoint a Chapter 11 bankruptcy trustee, Giuliani would lose control of his own financial life. AdvertisementA bankruptcy trustee would control all of Giuliani's assets and would be able to sell his two homes unimpeded. Giuliani's creditors have formed a supergroup to try to dig into his finances.

Persons: —, Rudy Giuliani, Sean H, Lane, Giuliani, hasn't, mismanaging, Eric Snyder, Wilk Auslander, They've, Ruby Freeman, Shaye Moss, Noelle Dunphy, Akin Gump, Freeman, Moss, Joe Biden, didn't, TrustPoint, Smartmatic, Jacquelyn Martin, Donald Trump, Snyder, Maria Ryan, Rudy Giuliani's, Ryan couldn't, Matt Rourke Giuliani, John Catsimatidis, Biden, Barrett Prettyman, Shane Moss, Drew Angerer, isn't Organizations: Service, Systems, Business, New, New York City, Department, Dominion, Giuliani, Trump's Saving America, Rudy's, Towers Foundation, Giuliani Communications, Republican, Trump, AP, WABC, America's, Washington , DC Locations: New York, New York City, Florida, Georgia, Smartmatic, WASHINGTON, DC, Washington ,, Fulton County, Fulton, Arizona

☆ The US Air Force says the military's new dogfighting AI fighter jet pilot is making 'dramatic' advances from one test to the next
▼ + stars: | 2024-06-20 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Read previewLast month, two US Air Force fighter jets battled in the skies above California in an intense dogfight. AdvertisementCol. James Valpiani, Air Force Test Pilot School commandant, provides final points of instruction to Secretary of the Air Force Frank Kendall during his visit to Edwards Air Force, California, May 2. But throughout all of this, the AI pilot, named Hivemind, has been maturing quicker than expected. The X-62 Variable In-Flight Simulator Test Aircraft (VISTA) flies in the skies over Edwards Air Force Base, California, Aug. 26, 2022. Footage from the real-world test of a dogfight between an AI-controlled fighter and a manned fighter.

Persons: —, James Valpiani, Frank, Kendall, Valpiani, Frank Kendall, It's, Ryan Tseng, Tseng, Air Force Frank Kendall, James West Tseng, Ryan Hefron, Hefron, Kyle Brasier, Giancarlo Casem Organizations: Service, US Air Force, Air Force, Defense, Research, Business, An Air Force, Air, Edwards Air Force Base, U.S . Air Force, Edwards Air Base, United States Air Force, Edwards Air Force, DOD, DARPA, Shield, Aircraft, USAF, Israel Defense Forces, DoD Locations: California, Calif, China, Gaza

☆ Alex Jones’ Infowars survived a judge’s order, but the conspiracy outlet could still be shut down
▼ + stars: | 2024-06-17 | by ( Hadas Gold | ) edition.cnn.com time to read: +6 min

Some of the Sandy Hook families had requested the judge move to liquidate Jones’ Free Speech Systems company. What happens to InfowarsFor now, nothing changes for Jones’ Infowars shows. Because of Jones’ bankruptcy, Free Speech Systems is now in the hands of a court-appointed trustee. “I do not now own Infowars,” Jones said during an “emergency” show on Saturday. But no matter what happens to the company, Jones still owes nearly $1.5 billion.

Persons: Alex Jones ’, Jones, Sandy, I’ve, Christopher Lopez, “, Lopez, Sandy Hook, ” Lopez, Jones ’, Sandy Hook –, It’s, ” Jones, ” Jay Westbrook, ” Westbrook, ” Marie Reilly, Anthony Fauci, Trump, Elon Musk, Tucker Carlson Organizations: CNN, Free Speech Systems, Systems, Speech Systems, University of Texas, Penn State University, National Institute of Allergy, Fox News Locations: Houston

☆ Washington Post CEO Will Lewis faced with new allegations of phone hacking
▼ + stars: | 2024-06-16 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

Citing a former co-worker of Lewis’, a private investigator and its own investigation of newspaper archives, the New York Times said Lewis used phone and company records that were “fraudulently obtained” through hacking and paying sources for information. A spokesperson for the Washington Post told CNN Lewis declined to comment. The Washington Post did not respond to CNN with regard to these allegations. “It’s as bad as I’ve ever seen it, truly,” one staffer said earlier this month, noting that the Washington Post has hit “rough patches” before but that the stormy atmosphere hanging over the outlet is unprecedented. In an opinion piece for the Guardian on Wednesday, Sullivan wrote that firing Lewis and finding a new CEO is “the cleanest, best move” Washington Post owner Jeff Bezos could make.

Persons: Will Lewis, Lewis ’, Lewis, “, Margaret Sullivan, Craig Newmark, Sally Buzbee, CNN Lewis, Rupert Murdoch’s, Prince Harry, Guy Ritchie, Hugh Grant, Buzbee, ”, “ It’s, Sullivan, Jeff Bezos, Bezos, — Organizations: New, New York CNN, New York Times, Times, Craig Newmark Center for Journalism, Columbia University’s School of Journalism, CNN, of Professional Journalists, Washington Post, Washington, Murdoch’s News Corporation, NPR, The Washington Post, Guardian, ” Washington Post Locations: New York, Washington, London

☆ As Social Security faces looming fund depletion, there's fierce debate over whether a commission can help
▼ + stars: | 2024-06-15 | by ( Lorie Konish | ) www.cnbc.com time to read: +9 min

"A vote for a commission is a vote to cut Social Security," the man shouted before he was escorted off the floor. How the last major reforms, in 1983, came togetherPresident Ronald Reagan signs the Social Security Act Amendment into law on April 20, 1983. The changes involved taxes on Social Security benefits, increases to payroll tax rates, a future increase to the retirement age and a near-term postponement of cost-of-living adjustments. Social Security Commission Chairman Alan Greenspan, left, shakes hands with Sen. Charles Grassley, R-Iowa, prior to a Social Security hearing on Feb. 15, 1983. Lawmakers divided on best path forwardToday, lawmakers are divided on the best path forward to address Social Security.

Persons: —, Scott Peters, Peters, Bill Huizenga, Joe Manchin, Mitt Romney, — Rep, John Larson, Connecticut —, It's, " Larson, Larson, Nancy Altman, Ronald Reagan, Alan Greenspan, Greenspan, Jim Baker, Reagan, Tip O'Neill, Robert M, Ball, O'Neill, Sen, Charles Grassley, Bob Dole, John Danforth, Altman, Bruce D, Schobel, Elizabeth Warren, Bernie Sanders, California —, they're, Hakeem Jeffries, Conn, Brian Higgins, Jimmy Gomez, Jeffries, Dan Kildee, Richard Neal, Tom Williams Organizations: iStock, Social, Social Security, AARP, CNBC, Rep, Democratic, Corbis, National Commission, Social Security Reform, Greenspan, Federal Reserve, House, White, Finance, Economic Policy Institute, Republican, Greenspan Commission, Senate Finance, Bettmann, Getty, Congress, Democratic House, White House, Democrats, Security, Capitol Visitor Center, CQ, Inc Locations: Sens, R, Utah, Connecticut, Massachusetts, Iowa, California, D

☆ Are Harry and Jessica from 'Perfect Match' season 2 still together?
▼ + stars: | 2024-06-14 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +8 min

Read previewWarning: Spoilers ahead for the first six episodes of "Perfect Match" season two. Harry Jowsey and Jessica Vestal were matched together for a date by Kaz Bishop and Micah Lussier in "Perfect Match" season 2. However, these photographs may have been taken while the cast was filming "Perfect Match" season two since the series was filmed in Tulum. Vestal calls Jowsey a red flag in TikTok videosDom Gabriel, Stevan Ditter, Jessica Vestal, Harry Jowsey in "Perfect Match" season two. Fans will find out the truth when the "Perfect Match" season finale premieres on Netflix on June 21.

Persons: —, Harry Jowsey, Jessica Vestal, Kaz Bishop, Micah Lussier, Vestal, Jowsey, Melinda Berry, Holly Scarfone, Berry, PageSix, y'all, I'm, Rylee Arnold, Christopher Willard, Arnold, Dom Gabriel, Stevan Ditter, costars, Jess Organizations: Service, Netflix, Business, TMZ, ABC Locations: Mexico, Tulum, Vestal

☆ Toyota has been rocked by a string of scandals — but analysts are unfazed
▼ + stars: | 2024-06-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. Toyota took the crown with 10.7% market share, while Germany's Volkswagen came in second with a 6% market share. But for Toyota, the top automaker by market share in the world, the latest safety scandal is not the first time it's being investigated for false test data. In April last year, Daihatsu said it had rigged side-collision safety tests carried out for 88,000 small cars, most of those sold as Toyotas.

Persons: Akio Toyoda, Tomohiro Ohsumi, Germany's Volkswagen, that's, Toyota —, Suzuki, Toyoda, Hino Organizations: Toyota Motor Corp, Toyota, Getty, Germany's, Honda, country's Ministry of Land, Transport, Mazda, Suzuki Motor, Yamaha Motor, Corolla Fielder, Corolla, Daihatsu, Citi Locations: Tokyo, Japan, Infrastructure, Tourism

☆ Did Apple just outthink everyone in AI? A chat with tech analyst Ben Thompson
▼ + stars: | 2024-06-13 | by ( Peter Kafka | ) www.businessinsider.com time to read: +9 min

When I try to get my head around big, complicated tech questions, I often rely on Ben Thompson, the influential tech analyst who writes the Stratechery newsletter. And that Apple gets the upside of AI without incurring many of the costs and risks other tech players are taking on. AdvertisementPeter Kafka: You seemed pretty enthusiastic about Apple's AI efforts before they announced them on Monday. One is some massive AI breakthrough, such that the phone becomes the commodity, as opposed to Apple making the AI the commodity. Peter Kafka: You've been speculating about whether Apple is paying OpenAI, or OpenAI is paying Apple.

Persons: —, Ben Thompson, Peter Kafka, They're, Tim Cook, Justin Sullivan, Who's, They've, Apple, You've, OpenAI, Sam Altman, Thompson, Mark Gurman Organizations: Service, Apple, Business, Washington Post, Bloomberg, OpenAI Locations: ChatGPT.com

☆ Neither Biden nor Trump is seriously addressing the safety net crisis
▼ + stars: | 2024-06-13 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

“They’re both promising not to tackle the debt,” Ryan said, coming back to the issue that has animated his political career. Trump wants to extend all of the tax cuts, which could further explode the debt without corresponding spending cuts. When Trump and Republicans enacted the current tax structure, they made individual tax cuts temporary and most of the corporate tax cuts permanent. Biden has proposed additional taxes on those making more than $400,000 to address Medicare’s solvency, among other ideas, but does not have a detailed Social Security plan. The dirty little secret in all of this is, Medicare and Social Security are going insolvent on their own.

Persons: Donald Trump, Paul Ryan, he’ll, Trump, ”, Ryan, Republican –, “, ” Ryan, Sen, Mitt Romney, “ They’re, Joe Biden, Biden, Barack Obama, CNN’s Tami Luhby, What’s, won’t, Alan Greenspan, Obama, Republican Sen, Alan Simpson, Erskine Bowles Organizations: CNN, Trump, Republican, Fox News, Social Security, Democrats, Affordable, Biden, Republicans, Democratic, American, Treasury, Medicare, Fox, Federal, White House, National Commission Locations: Wisconsin, Trump, Luhby

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