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☆ Why it will be tough for Biden to defeat Trump
▼ + stars: | 2024-03-09 | by ( Harry Enten | ) edition.cnn.com time to read: +6 min

Joe Biden and Donald Trump are set to face off in the first presidential rematch since 1956. It’s that a lead of any margin for Trump was unheard of during the 2020 campaign – not a single poll that met CNN’s standards for publication showed Trump leading Biden nationally. It’s possible that if consumer sentiment continues to improve or border crossings decline, Biden could pick up steam against Trump. This means that it isn’t enough for Biden merely to win voters who dislike both men. For more people to turn against Trump, Biden’s best hope may lie with the four criminal indictments against the former president.

Persons: Joe Biden, Donald Trump, It’s, Biden, Trump, KFF, –, I’ve, isn’t, it’s, I’m, George H.W, George H.W . Bush Organizations: CNN, Trump, The New York Times, Siena College, CBS, Fox News, Street, Biden, Electoral College (, Democratic, Electoral College, New, New York Times Locations: Electoral College ( Arizona, Georgia, Wisconsin, Arizona , Georgia, Nevada, Michigan, George H.W ., New York

☆ The one big thing keeping interest rates high
▼ + stars: | 2024-03-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. Rekenthaler called shelter costs the "most relevant data point" in the most recent consumer price index inflation report. Meanwhile, James Bianco, president of Bianco Research, a financial markets research firm, told Business Insider, "Rising shelter costs will cause the Fed to hold off on cutting rates." Anna Moneymaker/Getty ImagesRent and shelter costs tend to lag behind the rest of the economy because rents are typically fixed for long periods. However, Gordon also said shelter costs can't be ignored because of how much it impacts overall inflation.

Persons: —, Jerome Powell, John Rekenthaler, Rekenthaler, Morningstar, James Bianco, Anna Moneymaker, Kevin Gordon, Charles Schwab, Gordon Organizations: Service, Federal Reserve Bank, Business, Morningstar, Fed, Bianco Research, Federal Reserve

☆ Microsoft AI employee warns FTC the company’s Copilot Designer AI tool is prone to creating harmful images
▼ + stars: | 2024-03-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

Shane Jones, a Microsoft principal software engineering lead, claimed that the company’s AI text-to-image generator Copilot Designer has “systemic issues” that cause it to frequently produce potentially offensive or inappropriate images, including sexualized images of women. He said he spent months testing Microsoft’s tool — as well as OpenAI’s DALL-E 3, the technology that Microsoft’s Copilot Designer is built on — and attempted to raise concerns internally before he alerted the FTC. He said he found more than 200 examples of “concerning images” created by Copilot Designer. Jones’ letter comes amid growing concerns that AI image generators — which are increasingly capable of producing convincing, photorealistic images — can cause harm by spreading offensive or misleading images. In his letter to Microsoft’s board of directors, Jones called on the company to take similar action.

Persons: Shane Jones, Jones, ” Jones, Lina Khan, “, OpenAI’s DALL, Microsoft “, OpenAI, Jones ’, Taylor Swift, Gemini, Bob Ferguson Organizations: New, New York CNN, Microsoft, US Federal Trade Commission, FTC, Copilot, Google, Washington, US, Commerce, Science, Transportation Locations: New York, United States, White

☆ Biden to launch joint FTC-DOJ task force to crack down on 'unfair and illegal pricing'
▼ + stars: | 2024-03-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. Kevin Wurm | ReutersPresident Joe Biden on Tuesday will launch a new task force to take on "unfair and illegal" corporate pricing, which Biden sees as a major reason why consumers are not yet feeling the impact of cooling inflation rates and a strong economy. The task force will be jointly led by the Federal Trade Commission and the Department of Justice, two agencies at the forefront of the Biden administration's aggressive regulatory agenda over the past three years. The announcements and the meeting are part of Biden's ongoing crusade against corporate pricing practices that he claims are unfair. Lael Brainard, vice chair of the US Federal Reserve, speaks during an interview in Washington, DC, on Monday, Nov. 14, 2022.

Persons: Lina Khan, Kevin Wurm, Joe Biden, Biden, Antitrust Jonathan Kanter, Khan, Kanter, Jonathan Kanter, Kevin Dietsch, Lael Brainard, inhalers, Brainard, Andrew Harrer Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Department of Justice, Biden, Force, Antitrust, Justice Department, White, Competition Council, Economic, Consumer Financial, Agriculture Department, US Federal Reserve, Bloomberg, Getty Locations: Washington ,, Washington , DC, U.S

☆ Fewer Voters Think Trump Committed Crimes, Polls Show
▼ + stars: | 2024-03-05 | by ( Ruth Igielnik | Maggie Haberman | ) www.nytimes.com time to read: +1 min

As he was charged with more crimes and as the trial dates drew closer, the share of voters who said he had committed crimes ticked up. The Trump team has pushed to stall the trials as much as possible, hoping to delay any verdicts until after the general election in November. The share of Americans who say that Mr. Trump committed serious federal crimes, steadily on the rise since the fall of 2022, has declined since December, the latest New York Times/Siena College poll found. Voters across the political spectrum are now less likely to say that Mr. Trump acted criminally. Democrats are 7 percentage points less likely to say that they think Mr. Trump committed crimes, while the share of political independents who said the same is down 9 percentage points.

Persons: Donald J, Trump Organizations: Trump, New York Times, Siena College, Republicans

☆ Population and economy in South Carolina are booming
▼ + stars: | 2024-02-24 | by ( Tami Luhby | Alicia Wallace | ) edition.cnn.com time to read: +12 min

“And, of course, South Carolina is in the heart of the Southeast.”Job seekers check-in to a job fair at a Schneider Electric manufacturing facility in Hopkins, South Carolina, in January 2023. “You can reach about twice as many people within an 8-hour drive from South Carolina as you can from Florida,” he said. “The housing market and the manufacturing industry, particularly in South Carolina, saw a major increase in demand,” Von Nessen said. South Carolina home sale activity fell by double-digits in 2022 but has since started to stabilize, he said. “We’re just treating so many more patients that we don’t have capacity,” said Thornton Kirby, CEO of the South Carolina Hospital Association.

Persons: ” Joseph Von Nessen, Darla Moore, ” Von Nessen, ”, it’s, It’s, Sean Rayford, Barrie Kirk, “, Von Nessen, Micah Green, “ We’re, Thornton Kirby, Malcolm Isley, “ We’ve, ” Isley, Arnold Kamler, Inc . Kent, Kent, Kamler, Nikki Haley, —, Daniel Slim, Scott Huffmon, Donald Trump, Haley, they’d Organizations: CNN, Palmetto State, of Labor Statistics, University of South, of Business, North, SC Council, Competitiveness, Bureau of Labor Statistics, Labor, Midlands Technical College, Technical College Midlands Technical College, Schneider, Bloomberg, Getty, Census, US Federal Reserve, US News, South Carolina Hospital Association, “, Prisma, Health Prisma Health, Greenville Technical College, Health Center for Health, Life Sciences, Kent International, Walmart, Kent, Inc ., Winthrop University, —, Charleston City Market, Winthrop’s Center, Public, Research, Palmetto, Republican, Trump, CBS Locations: South Carolina, South, “, Carolina, Myrtle Beach , South Carolina, North America, University of South Carolina, West Columbia, United States, Hopkins , South Carolina, Florida, droves, Myrtle Beach, ’, Manning, New York City, Georgia, Charleston, AFP

☆ Opinion: What the AT&T outage reveals
▼ + stars: | 2024-02-23 | by ( Opinion Bob Kolasky | ) edition.cnn.com time to read: +6 min

CNN —The news Thursday morning of the AT&T service outage — affecting tens of thousands, if not hundreds of thousands of customers — was yet another reminder of the importance of critical infrastructure resilience. By a few minutes after 3 pm ET, about 11 hours after customers’ initial reports of the outage, AT&T said it had restored service to all affected customers. For communications, it can be conceptualized in two different ways: What is the scope and scale of the service outage and what are the cascading consequences of the outage? In a connected world, a widespread communications outage can have a contagion effect. Infrastructure outage incidents can’t be addressed by stove-piping information.

Persons: Bob Kolasky, —, it’s Organizations: Infrastructure Security, Risk Management, CNN, Bob Kolasky Department of Homeland, Federal Communications Commission, White, Communications, AT, Rogers Communications, Chinese Communist Party, Telecommunications, Carnegie Endowment, International Peace Locations: Exiger, Canada, France, Paris, Puerto Rico, Southeast, Gulf

☆ Fed's Waller wants more evidence inflation is cooling before cutting interest rates
▼ + stars: | 2024-02-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022. Federal Reserve Governor Christopher Waller said Thursday he will need to see more evidence that inflation is cooling before he is willing to support interest rate cuts. on cutting rates, the central bank official said higher-than-expected inflation readings for January raised questions on where prices are heading and how the Fed should respond. He added that there are few signs inflation will fall below 2% anytime soon based on strong 3.3% annualized growth in gross domestic product and employment, with few signs of a potential recession in sight. "That makes the decision to be patient on beginning to ease policy simpler than it might be," Waller said.

Persons: Christopher Waller, Waller Organizations: US Federal Reserve, Washington , D.C, Federal, Committee Locations: Washington ,, Minneapolis

US consumers are struggling with soaring credit card debt and rising interest rates. Credit card debt is now at record levels, and interest rates on those cards have soared. AdvertisementOf that total debt, credit card balances are growing the fastest. While this could create a parallel between today's credit card crisis and the mortgage crisis of 15 years ago, there are a few important differences today. AdvertisementStill, the rise in credit card debt and delinquencies could point to cracks in the strength of Americans' spending power.

Persons: Thomas Nitzsche, Gen Z, millennials, Nitzsche, Ginger Chambless, Chambless Organizations: Business, Money Management, MMI, Federal Reserve Bank of New, Federal, JPMorgan Chase, Federal Reserve, Adobe Locations: Federal Reserve Bank of New York, Wells Fargo

CNN —Tens of thousands of Americans had trouble making phone calls, sending texts, reaching emergency services or even accessing the internet on Thursday because of a nearly 12-hour AT&T network outage. The alarm over an outage of a major cell network that at one point affected more than 70,000 customers is understandable. AT&T finally restored wireless service to all customers by around 3 pm ET, and the company said it was “sincerely” sorry to customers. But starting early Thursday morning, thousands of AT&T customers began reporting issues calling, texting and accessing the internet on their mobile devices. At one point, more than 74,000 AT&T customers reported outages on digital-service tracking site DownDetector.

Persons: logins —, hasn’t, John Kirby, ” Kirby, “ Organizations: CNN, Verizon, Mobile, New York Police, Federal Communications Commission, Federal Bureau of Investigation, Department of Homeland Security, Homeland Security Bureau, FCC, FBI, National Security, T, ” Telecom, Dow Jones Locations: United States

☆ Japan and the UK are in recessions. Is the US next?
▼ + stars: | 2024-02-16 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —And just like that, two of the world’s largest economies are in technical recessions. On Thursday, Japan and the UK both reported their second consecutive negative quarters of gross domestic product, fitting the widely agreed-upon definition of a recession. In 2022, the nation’s population declined by 800,000, marking the 14th consecutive year of contraction. In the UK, however, population and wage growth weren’t sufficient to stave off a drop in consumer spending, one of the main drivers of that economy. In the past two quarters, the nation’s economy experienced much higher than expected GDP growth, due in large part to robust consumer spending.

Persons: Paul Donovan, ” Donovan, Kazuhiro Nogi, ”, didn’t, Jerome Powell, “, it’s, there’s, Powell, Philipp Carlsson, doesn’t, “ it’s, Carlsson Organizations: New, New York CNN, UBS Global Wealth Management, Getty, National Bureau of Economic Research, don’t, US Federal Reserve, Boston Consulting Locations: New York, Japan, Germany, AFP, Ukraine

☆ Think falling prices would help? They could destroy an economy. Just ask China
▼ + stars: | 2024-02-15 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

China, however, is having a different problem: Prices are falling at their fastest rate in 15 years. No, that wasn’t a typo, falling prices are a problem when they’re widespread across an economy, like in China, which is experiencing what’s known as deflation. At first glance, falling prices may sound good. Like the US Federal Reserve, most central banks target a 2% annual rate of inflation, not zero inflation whatsoever. “In a deflationary environment monetary policy may not be able to sufficiently stimulate the economy by using its interest rate instrument.

Persons: — Organizations: New, New York CNN, US Federal Reserve, European Central Bank Locations: New York, China

☆ CNBC Daily Open: Inflation's stubborn staying power
▼ + stars: | 2024-02-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Traders work the floor during morning trading at the New York Stock exchange (NYSE) ahead of the US Federal Reserve's decision on lending rates, in New York on January 31, 2024. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia closed at $721.28 per share, with a market value of $1.78 trillion to Amazon's $1.75 trillion market cap. Bitcoin retreatsCryptocurrencies fell on Tuesday tracking the broader market sell-off. [PRO] Japan's bull caseJapan is fast emerging on investors' radar, and this has been reflected in the stock market's recent bull run.

Persons: Russell, Bob Bakish, Cryptocurrencies, Bitcoin, Jurrien, Morgan Stanley Organizations: New York Stock, Federal, CNBC, Dow, Nasdaq, Nvidia, Amazon Nvidia, Amazon, Paramount, Paramount Global, Metrics, Fidelity Investments Locations: New York, Japan

☆ Opinion: I’m a Palestinian American. This is what I told Blinken
▼ + stars: | 2024-02-14 | by ( Opinion Rajaie Batniji | ) edition.cnn.com time to read: +8 min

CNN —On February 1, I met US Secretary of State Antony Blinken for a 90-minute private discussion on the situation in Gaza. Many of my fellow Palestinian Americans discouraged me from speaking with you today, concerned that this discussion was solely performative. You know that the UN agency for Palestinian refugees, UNRWA, provides food for most Gazans and critical infrastructure for other aid organizations. I have worked extensively in global health and wrote a series of research papers in 2009 on what we thought then was a Palestinian health crisis. What do you wish to be your legacy, Secretary Blinken?

Persons: Read, CNN —, Antony Blinken, Blake Marvin I, Blinken, nodded, Mr, ’, –, Abed Rahim Khatib, Israel, indignity Organizations: CNN, State Department, Palestinian, Oxford, Marshall, Wall Street, United Nations, UN, UNRWA, International Court of Justice Locations: Gaza, San Francisco, Rajaie, Palestinian American, California, Stanford, Shejaiya, Israel, Iraq, Rafah, American, Shifa, al, Palestinian

☆ US banks have loaned $1 trillion to less regulated 'shadow banks'
▼ + stars: | 2024-02-12 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +1 min

US banks have given out $1 trillion of loans to non-regulated "shadow banks." Regulators said that these alternative lenders increase banks' exposure to higher risk debt. Several major banks including Citigroup and Wells Fargo have strengthened their ties with alternative asset lenders. AdvertisementThe amount of loans made by US banks to less regulated shadow lenders surpassed $1 trillion in January. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Regulators, Citigroup, Service, US Federal Reserve, Business Locations: Wells

☆ Worried about how safe it is to fly? Here’s what the experts have to say
▼ + stars: | 2024-02-10 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

“I don’t believe that you should be worried,” says Geoffrey Thomas, an aviation safety expert and editor in chief of Airline Ratings, which publishes an annual list of the safest airlines. The list of the world’s safest airlines is topped by Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair and Cathay Pacific. Charly Triballeau/AFP/Getty Images“Aviation is the safest mode of transportation,” says Anthony Brickhouse, a professor of aviation safety at Florida’s Embry-Riddle Aeronautical University. “Unfortunately, with the Japan Airlines accident, we did lose five people on the military aircraft, but everybody made it off of the civilian aircraft. Remote in probabilityDespite concerns, the Boeing 737 has a better safety record than the 747, experts say.

Persons: ”, Geoffrey Thomas, it’s, “, Thomas, Charly Triballeau, Anthony Brickhouse, Florida’s Embry, Brickhouse, Max, we’ve, Willie Walsh, Arnold Barnett, That’s, we’re, ” Barnett, Jason Redmond, Barnett Organizations: CNN, Alaska Airlines, Max, Boeing, “, Airbus, Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair, Cathay Pacific, Getty, Florida’s, Riddle Aeronautical University, US Federal Aviation Administration, National Transportation Safety Board, Japan Airlines Airbus, Tokyo Coast Guard, FAA, Japan Airlines, NTSB, Reuters, Massachusetts Institute of Technology, European Union, United Locations: AFP, Tokyo, Japan, Africa, Latin America, Asia, Australia, Canada, China, Israel, New Zealand, Norway, Switzerland, United Kingdom, United States

MADISON, Wis. (AP) — Wisconsin Republicans urged the state Supreme Court on Thursday to ignore a report from redistricting consultants that determined GOP-proposed legislative maps were unconstitutional partisan gerrymanders. The liberal-controlled Wisconsin Supreme Court ruled in December that the current Republican-drawn legislative maps were unconstitutional because not all the districts were contiguous. The court ordered the parties involved in the lawsuit to submit new maps that a pair of consultants then reviewed. While those talks continue, the Supreme Court accepted responses Thursday from Republicans and Democrats to the consultants report. Attorneys for the Legislature argued in their court filing Thursday that the consultants' report was about finding a political remedy to redistricting, not addressing the continuity issue.

Persons: Tony Evers, Evers, Tyler August, Janet Protasiewicz, “, ” Organizations: — Wisconsin Republicans, GOP, Republicans, Assembly, Republican, Democratic Gov, Democrats, U.S, Supreme, Democratic, Wisconsin Institute for Law & Liberty Locations: MADISON, Wis, Wisconsin

☆ Stock futures inch lower in overnight trading after S&P 500 touches historic 5,000 mark: Live updates
▼ + stars: | 2024-02-08 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Stock futures edged lower Thursday evening after the S&P 500 crossed the historic 5,000 milestone for the first time during intraday trading. S&P 500 futures and Nasdaq 100 futures were both about 0.1% lower. The large-cap benchmark reached a high of 5,000.40 during Thursday's regular trading before closing less than 3 points below the key 5,000 threshold. The S&P 500 first crossed 4,000 on April 1, 2021, so it took almost three years to add the last 1,000 points. A solid earnings season, easing inflation data and a resilient economy have powered the market rally into 2024, with the S&P 500 up 4.8% on the year.

Persons: Ryan Detrick, we've Organizations: New York Stock, Federal, Futures, Dow Jones, Nasdaq, Carson Group Locations: New York

☆ A Goldilocks economy could be coming, but a key piece of the puzzle remains elusive
▼ + stars: | 2024-02-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why investors are eyeing an even better outcome for the market than a soft landing . The big storyMarket's sweet spotPiotr PowietrzynskiForget about a soft landing, some market watchers want something just right. For months, investors hoped the Fed's tightening policy would culminate in a soft landing: lowering inflation while avoiding a full-blown recession. But why settle for a soft landing when you can get it all? Liu Jie/Xinhua via Getty ImagesA Goldilocks economy still hinges on the Fed cutting rates, which has proved fleeting for investors.

Persons: —, hasn't, Piotr Powietrzynski Forget, Matthew Fox, Solita, Marcelli, Jerome Powell, Liu Jie, we'll, Powell, Banks, Kenneth Rogoff, Jensen Huang, Rick Wilking, Goldman, Goldman Sachs, Savita Subramanian, Gen, Jenny Chang, Rodriguez, Fintechs, VCs, Sam Altman, Altman, didn't, Scott Winters, Alyssa Powell, Travis Kelce, Experian, It's, EVs, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Apple, Business, Getty, Bank of America, Harvard, Nvidia, CES, Kansas City Chiefs, US Treasury, New York Times, UBS, FAA, Boeing, Max Locations: Americas, Washington ,, Xinhua, Jensen, Las Vegas , Nevada, U.S, China, New York, London

☆ Jerome Powell rang the alarm on debt, saying it shouldn't be dumped on future generations
▼ + stars: | 2024-02-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The US government is spending at an unsustainable rate, Jerome Powell said. The Federal Reserve chair said he was worried future generations would be stuck with the bill. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmerica is racking up dangerous amounts of debt because of its excessive spending, and future generations are likely to suffer the consequences, Jerome Powell said. Although inflation remains well above the Fed's 2% target, Powell and his colleagues have penciled in three rate cuts for this year.

Persons: Jerome Powell, Powell, —, there's Organizations: Federal, Service, Federal Reserve

“It is necessary to conduct this operation unilaterally and without notifying Venezuelan officials,” reads the 15-page 2018 memo expanding “Operation Money Badger,” an investigation that authorities say targeted dozens of people, including Venezuelan President Nicolás Maduro. Within weeks, senior DEA officials plotted to deploy at least three undercover informants to surreptitiously record top officials suspected of converting Venezuela into a narco state. And “to limit or mitigate the exposure of the unilateral activities,” the document advised DEA officials to protect their informants and curtail in-person meetings with targets. I think they figured they had nothing to lose.”RELEASED BY ACCIDENTThe Operation Money Badger memo was never intended to be made public. The DEA memo authorized three informants to secretly record undercover meetings with the targets.

Persons: –, ”, Nicolás Maduro, Maduro’s, Alex Saab, Wes Tabor, “ We’re, Maduro, “, Biden, ” Maduro, Donald Trump’s, Trump, Joe Biden, ” —, Evan Criddle, William & Mary, there’s, Mike Vigil, Manny Recio, John Costanzo Jr, Costanzo, ” Michael Nadler, Washington –, launderer, Jose Vielma, Hugo Chávez, Vielma’s, Luis Motta, Vielma, Motta, Motta’s, Zach Margulis, Hugo Carvajal, Jennifer Farrar Organizations: MIAMI, The Associated Press, U.S . Drug Enforcement Administration, DEA, Justice, AP, CIA, State, Justice Department, U.S, Attorney’s, Democratic, Supreme, William &, Saab, Miami Field Division’s, IRS Locations: Venezuela, United States, U.S, America, Venezuelan, Miami, Manhattan, Russia, China, OPEC, Mexico, Virginia, “, Colombian, New York, Houston, Washington, Investigative@ap.org

☆ What is catfishing and what can you do if you are catfished?
▼ + stars: | 2024-01-29 | by ( Sen Nguyen | ) edition.cnn.com time to read: +16 min

In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole. A 2019 study found that young LGBTQ+ men in rural America experiencing catfishing on dating apps felt angry and fearful. She also emphasized the need to recognize today’s loneliness epidemic, which “leads people to perhaps be more susceptible to catfishing scams,” she said. Catfishing is not explicitly a crime, but the actions that often accompany catfishing, such as extortion for money, gifts or sexual images are crimes in many places. In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole.

Persons: CNN —, Nev Schulman, “ Megan ”, Schulman, Evita, scammers, Catfishing, Snapchat, ”, Ngo Minh Hieu, Chong, Hieu, Wang, “, It’s, Fangzhou Wang, ” Wang, Maryna, WeChat Organizations: CNN, Cybersmile Foundation, Federation University, Fraud Intelligence, INTERPOL, Research, US Federal Trade Commission, SMS, University of Texas, Arlington, Getty, Facebook, UNICEF Locations: Alaska, Australia, Singapore, Southeast Asia, France, Germany, India, cryptocurrency, Vietnamese, America, catfishing, China, Cybersecurity, Australian

☆ Ryanair CEO has ‘a lot of confidence’ in Boeing chief David Calhoun
▼ + stars: | 2024-01-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“I have a lot of confidence both personally and professionally in David Calhoun and in Brian West,” Ryanair’s Michael O’Leary said Monday, referring to Boeing’s CEO and chief financial officer respectively. Calhoun — who was appointed to the top job in January 2020 as Boeing was already struggling with quality and safety issues — will unveil the planemaker’s full-year results Wednesday. Ryanair CEO Michael O'Leary, left, voiced strong support for Boeing CEO David Calhoun Monday. Partly because of this, Ryanair expects full-year profit for the current financial year to be at the lower end of a range of €1.85 billion-€1.95 billion ($2 billion-$2.1 billion) — trimming a November forecast of up to €2.05 billion ($2.2 billion). That would still be up from its previous record of €1.45 billion ($1.6 billion) earned in 2018, before the Covid-19 pandemic.

Persons: ”, David Calhoun, Brian West, Michael O’Leary, “, Calhoun —, Dennis Muilenberg, Calhoun, Michael O'Leary, Scott Kirby, Kirby, Max, ” O’Leary, we’ll, O’Leary, ” — Organizations: London CNN, Boeing, Ryanair, Lauda, United, Max, Alaska Airlines, US Federal Aviation Administration, CNBC, United Airlines, Reuters, Airbus Locations: US, Austrian, Alaska, American, Toulouse, United Kingdom, Kiwi.com, Europe

Eagle Pass, Texas CNN —As the migrant crisis continues at the US-Mexico border and beyond, tensions between Texas and federal officials remain high. Here are the latest developments:Cold, hungry and bloodied from razor wire grazes. Now they’ve found themselves in the middle of the ongoing border battle between Texas and the US federal government. Under federal policy, migrants like Kevin and Vanessa would have surrendered two days ago, been taken into custody by federal authorities and transported for immigration processing. Venezuelan couple Kevin and Vanessa stand behind razor wire at the US-Mexico border.

Persons: Kevin, Vanessa, they’ve, Kevin hadn’t, doesn’t Organizations: , Texas CNN, CNN, Texas National Guard, Texas Department of Public Safety, federal Border Patrol, Shelby Locations: , Texas, Mexico, Texas, Rio, Venezuela, Eagle, Shelby, Shelby Park

☆ 5 huge challenges facing Apple this year
▼ + stars: | 2024-01-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

Behind in generative AI. A recent Reuters report noted iPhone sales in China dropped 30% in the first week of the year amid pressure from rival Huawei. Still, Barclays downgraded Apple stock earlier this month citing disappointing iPhone 15 sales in China and softening demand for the latest iPhone. Apple also faces challenges around the upcoming rollout of the Vision Pro headset, which will be its riskiest product launch in years. Tim Cook, chief executive officer of Apple Inc., speaks during a launch event for the new Apple iPhone 15 at Apple Park in Cupertino, California, on September 12, 2023.

Persons: ”, David McQueen, ALY, Dan Ives, Apple, Justin Sullivan, Jitesh, IDC –, that’s, It’s, Siri, McQueen, “, Ming Yeung, Tim Cook, Nic Coury, hasn’t, Brian Fung, Clare Duffy Organizations: CNN, Microsoft, Apple, ABI Research, Huawei, Reuters, Apple Watch, International Trade Commission, IDC, Meta, Google, Samsung, Mac, Barclays, Apple Inc, Getty, EU, Markets, Epic Locations: China, Shanghai, Cupertino , California, Milan, Italy, AFP

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