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Editor’s Note: Featuring the good, the bad and the ugly, ‘Look of the Week’ is a regular series dedicated to unpacking the most talked about outfit of the last seven days. CNN —If it wasn’t for the fact she was signing autographs outside the CBS studio in New York, many would have thought Billie Piper was attempting to go unnoticed. Wrapped, folded or tied under the chin; the headscarf is perhaps one of the most diverse — and historic — accessories in fashion’s arsenal. The same day, Julia Fox was spotted in another headscarf — styled with her Velveeta cheese curls and chunky boots. Sewn under the chin with the corners laid flat like a collar, each was etched with a different hairstyle.
Persons: Billie Piper, Piper, Julia Fox, Bauer, Griffin, Hermès, Olivia Palermo —, Queen Elizabeth II, Jackie Onassis, Grace Kelly, Princess, Monaco —, Hubert de Givenchy, Piper —, , Prince Andrew —, Giles Hattersley Organizations: CNN, CBS, Sloane, Givenchy, Copenhagen Fashion, Netflix, Vogue Locations: New York, Hollywood, West, Dua Lipa, Paris, Copenhagen, London
India is facing a youth unemployment problem as a decline in white-collar jobs in its information technology sector has left many fresh graduates and young people unemployed. In the October to December period last year, unemployment in India's youth aged 20 to 24 years rose to 44.49%, from 43.65% in the previous quarter. Unemployment among 25- to 29-year-olds rose to 14.33% during the same period from 13.35% in the prior quarter, according to the Centre for Monitoring Indian Economy. "One of the largest segments that employ white-collar employees is IT and services, and hiring in the sector has slowed down quite a bit," he told CNBC. Data from Foundit showed that online hiring for both IT hardware and software sections plummeted by 18% last year from 2022.
Persons: We've, Chandra Garisa, Foundit, Garisa Organizations: Centre, Monitoring, CNBC Locations: India
Follow our live coverage of Trump’s hush money trial. Mr. Blanche recently bought a home in Palm Beach County near Mr. Trump’s Mar-a-Lago estate. He brought his family to Mr. Trump’s campaign celebration there on Super Tuesday. And during Mr. Trump’s first criminal trial, set to begin in Manhattan on April 15, he will use space at 40 Wall Street, the former president’s office tower near the courthouse. After a well-credentialed career as a federal prosecutor and a white-collar defense lawyer, Mr. Blanche, 49, has bet his professional future on representing Mr. Trump, the first former U.S. president to be indicted.
Persons: Todd Blanche, Donald J, Trump, Blanche, Trump’s Organizations: New York Democrat, Florida Republican Locations: Palm Beach, Mr, Lago, Manhattan, U.S
There were about 8.8 million job openings in the US in February. NEW LOOK 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 . Openings for jobs have dropped from a rate of 6% in February 2023 to 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January.
Persons: , Nick Bunker Organizations: Business, Service, Bureau of Labor Statistics, Bloomberg, North America
There were around 8.8 million job openings in the US in February. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Openings for jobs have dropped from a rate of 6.0% in February 2023 to a rate of 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January. Across industries, here are the roles with a multitude of openings, or an urgent need to hire.
Persons: , Nick Bunker Organizations: BI, Service, Bureau of Labor Statistics, Bloomberg, North America, Business
Russian central bank governor Elvira Nabiullina has played a key role in stabilizing Russia's sanctions-hit economy. It's also aimed at the woman behind him: Elvira Nabiullina, the country's central bank governor, who plays a chief role in keeping Russia's wartime economy ticking. At the time, she was the first woman to lead a Group of Eight, or G8, central bank. In 2015, Euromoney, a finance trade publication, named Nabiullina Central Bank Governor of the Year. In December, she issued a warning that Russia's economy was at risk of overheating.
Persons: Elvira Nabiullina, , Putin, It's, Nabiullina, Daniel McDowell, McDowell, wined, Christine Lagarde, Nabiullina —, Richard Portes, Portes —, Portes, Anders Åslund, Åslund, Leo Tolstoy, Fyodor Dostoevsky, Franz Kafka, Yaroslav Kuzminov, Kuzminov, Nabiullina's, Alan Harvey, Herman Gref —, Central Bank Governor Elvira Nabiullina, Maxim Shemetov, Michel Camdessus, she's, isn't, Sergei Aleksashenko, Alexei Makarkin, Vladimir Pesnya, Nabiulina, let's Organizations: Ukraine, Service, Russian, KGB, Syracuse University, Kremlin, International Monetary Fund, US, London Business School, Moscow Times, Bloomberg, Higher School of Economics, , Moscow State University, SNS, USSR, Industrial Union Board, Gref, Central Bank Governor, Nabiullina Central Bank Governor, Banker, Central Banker, IMF, Monetary Fund, Financial Times, Government, Political Technologies, Wall Street Journal, RBC, Politico Europe Locations: Russian, Ukraine, Russia, Brussels, Nabiullina, Swedish, Moscow, Ufa, Central Russia, Tatars, Crimea, Euromoney, Europe, steadying
The visits come amid a notable lull in Trump’s campaign activity in the weeks since he became the presumptive GOP presidential nominee. Along with Pennsylvania, Trump’s stunning 2016 victories in Michigan and Wisconsin produced a seismic crack in the so-called blue wall of states Democrats had relied on in every election going back to 1992. Early polls suggest Michigan and Wisconsin pose a challenge for Biden and an opportunity for Trump to mine for electoral votes in the upper Midwest. The former president attacked Wisconsin State Assembly Speaker Robin Vos in 2022 for refusing to decertify the state’s presidential result, which he did not have the power to do. However, Trump’s campaign has yet to air a single ad in the state.
Persons: Donald Trump, Trump, Joe Biden, Trump’s, Biden, Robin Vos, Brianna Johnson, ” “ Trump, , , Johnson, Wisconsin Democrats “, Republican Sen, Ron Johnson, Chris LaCivita, Biden’s, Ruby Garcia, , ” Trump, Pete Hoekstra, MAGA, ” Alyssa Bradley, ” CNN’s Kate Sullivan Organizations: CNN, Republicans, Badger State, White, Democratic, Democrats, Biden, Michigan, Republican, Trump, Wisconsin State, Wisconsin Democrats, Southern Locations: Michigan, Wisconsin, Grand Rapids , Michigan, Mexico, Green Bay , Wisconsin, Pennsylvania, stoke, ” Though Michigan, West Michigan
But increasingly, the algorithms that undergird our digital lives are making questionable decisions that enrich the powerful and wreck the lives of average people. There's no reason to be scared of AI making decisions for you in the future — computers have already been doing so for quite some time. As human control diminished, the real-world consequences of these algorithms have piled up: Instagram's algorithm has been linked to a mental-health crisis in teenage girls. AdvertisementAcross the public and private sectors, we've handed the keys to a spiderweb of algorithms built with little public insight into how they make their decisions. While generative AI is just the newest extension of the algorithm, it poses a unique threat.
Persons: who's, They've, Matthew Gray, Sergey Brin, Larry Page, It's, Elon Musk, Cambridge Analytica, algorithmically, ProPublica, Quora, OpenAI's ChatGPT, you've, they'll, superintelligence, — simulacrums Organizations: Knight Capital, Companies, Yahoo, Stanford, Google, Spotify, Netflix, Revenue, Facebook, Twitter, Elon, European Union, Associated Press, Black, Microsoft, Eating Disorders Association Locations: Cambridge
Bruch is one of the largest individual FTX creditors and has been tapped by the US Department of Justice to serve as one of nine on the FTX Creditors’ Committee, where he is working to recoup the funds lost by customers. DOJ-appointed creditor committees ordinarily consist of people and companies who hold the seven largest unsecured claims against the debtor (in this case, FTX), according to the agency. Before the Bell spoke with Bruch about Sam Bankman-Fried, FTX, MyPrize and the future of crypto. I feel for all of the creditors and am doing everything I can to help recoup what was taken from us. I’ve worked at some of the largest crypto trading desks in the world and then also started trading my own book of capital and grew to become one of the largest individual crypto traders.
Persons: Sam Bankman, Fried, Zach Bruch, Bruch, MyPrize, Bell, Sam Bankman Fried, , , Sam Bankman Fried’s, Bitcoin, I’ve, Elisabeth Buchwald, Jerome Powell wasn’t, ” Powell, Powell, Christopher Waller, Evan Gershkovich, Evan Gershkovich’s, Radina Gigova, Anna Chernova, Antonina Favorskaya, Alexey Navalny, Favorskaya, Gershkovich Organizations: CNN Business, Bell, New York CNN, US Department of Justice, , DOJ, Arrington Capital, Department of Justice, Federal, Commerce Department, San Francisco Fed, ” Fed, CNN, Wall Street Locations: New York, Russia, Yekaterinburg
What the Bridge Meant to Baltimore
  + stars: | 2024-04-01 | by ( Anna Betts | Joanna Daemmrich | ) www.nytimes.com   time to read: +1 min
Blue-collar workers crossed it. And couples were known to get engaged near it. Completed in 1977, the Francis Scott Key Bridge was a practical, final link to the beltway of roads that circled Baltimore Harbor, a much-needed solution to reduce Harbor Tunnel congestion. For some, it symbolized the working-class communities around it — for others, the city itself. And the Key Bridge was simply a presence in people’s everyday lives.
Persons: Francis Scott Key Organizations: Teenagers Locations: Baltimore, Fort McHenry, British
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The analysis looked at over 135,000 users across 958 companies, looking into nearly 97 million hours of data. Efficiency overall remained flat even as days shrank by nearly an hour. On Friday, workers sign off at 4:03 p.m., about an hour earlier than at the start of 2021. The percentage of disengaged employees was just 12% in 2021.
Persons: , ActivTrak, they're Organizations: Service, Business, Wall Street, Employees, Gallup Locations: underutilization
In that majority lies a pressing question: How will the introduction of artificial intelligence impact hourly workers? 'Deskless workers' and technologyRegardless of the perspective, hourly workers and the people who manage them are actively seeking technology solutions to help streamline their workflow. For example, robotics-enabled sorting and small item picking is infiltrating the logistics industry, which is traditionally staffed by hourly workers on the warehouse floor. "This will be the decade of hourly workers that are focused on delivery of services that require human touch," she said. One thing that hourly workers, like all workers, aim for is a sense of meaning on the job.
Persons: Silvija Martincevic, Doug Hammond, Hammond, Martincevic, haven't, isn't, packer —, , there's Organizations: Bureau of Labor Statistics, Industries, Randstad USA, Hardware, Bros, Organisation for Economic Co Locations: upskilling
CNN —Moose, a dog that was supposed to be on an outgoing Alaska Airlines flight Tuesday from Raleigh-Durham International Airport, has been reunited with its owner after a “misstep in the cargo loading process,” the airline said. “The dog was scheduled to fly on our flight Tuesday night with its owner, but due to a misstep in the cargo loading process, the dog did not make the trip. “He is safe and sound and had a good breakfast courtesy of one of our K9 officers,” the airport spokesperson said. Alaska Airlines apologized for the mishap and said it’s happy the dog and owner have been reunited. “We’re happy that the dog is safely back with its pet parent,” an Alaska Airlines spokesperson said.
Persons: Moose, it’s, , Organizations: CNN, Alaska Airlines, Durham International Airport, Raleigh Locations: Raleigh, Seattle
New York CNN —A federal judge on Thursday ordered Sam Bankman-Fried to repay more than $11 billion as part of his sentence for defrauding customers and investors in his failed crypto exchange FTX. In their sentencing memorandum earlier this month, federal prosecutors laid out their reasoning for seeking $11 billion in forfeiture. Unlike restitution, where the money from seized assets goes directly to victims, the money from forfeiture is taken by the government and absorbed into the US Treasury. It is unclear how much Bankman-Fried is currently worth, but it’s likely not anywhere near $11 billion. So far, the Department of Justice has redistributed about $4 billion to Madoff’s victims.
Persons: Sam Bankman, Fried, SBF, ” Mitchell Epner, , , District Judge Lewis Kaplan, Anthony Capozzolo, Elizabeth Holmes, Holmes, Ramesh “ Sunny ” Balwani, Bernard Madoff, Peter Katz, Katz, they’ll, ” Katz Organizations: New, New York CNN, CNN, Treasury, District, , of, Department of Justice’s, Department of Justice, Department Locations: New York, Eastern, of New York
Opinion | The Great Tension Inside the Trump G.O.P.
  + stars: | 2024-03-29 | by ( Ross Douthat | ) www.nytimes.com   time to read: +2 min
How might these commitments be paid for if these pro-government Republicans had their way? A different poll, from Bloomberg and Morning Consult, suggested one possible answer: Surveying voters in seven swing states, it found that 58 percent of self-described conservative Republicans strongly or somewhat supported raising taxes on Americans making $400,000 or more a year. These populist perspectives — tax the upper class and spend on health care and income support — aren’t especially surprising, given the Republican Party’s slow transformation into a more downscale coalition, a process in which it has gained blue-collar and non-college-educated supporters and lost affluent suburbanites to the Democratic Party. But good luck finding evidence of this populist transformation in the party’s current policy proposals. Consider, for instance, the latest budget proposal from the Republican Study Committee, the conservative House caucus that claims about 80 percent of Republican representatives as members.
Persons: Newt Gingrich, Paul Ryan Organizations: American Compass, Republican, Social Security, Republicans, Bloomberg, Morning, Democratic Party, Committee, House, Trump
Alaska Airlines failed to put a dog on a flight from Raleigh-Durham to Seattle with his owner, WRAL reported. AdvertisementA passenger flew back to Raleigh-Durham International Airport to help search for her dog that escaped after Alaska Airlines failed to put him on a flight to Seattle with her. "Due to a misstep in the loading process, the dog did not make the trip," an Alaska representative told the outlet. "When it was time to load it into the crate, it pulled away, shook loose from its collar and ran away," the Alaska Airlines representative said. The owner flew all the way back to Raleigh from Seattle to join the search for the dog on a flight paid for by Alaska Airlines, per WRAL.
Persons: WRAL, Organizations: Alaska Airlines, Service, Durham International Airport, Airport, Fox Business Locations: Raleigh, Durham, Seattle, Alaska
The move by Stellantis, worth $88 billion, has sparked fresh discussions on the etiquette around how to execute layoffs. AdvertisementExperts say that virtual and remote-style layoffs aren't the best solution — it shows a lack of empathy and consideration for the workers affected and might push remaining workers to leave. AdvertisementWhen employees feel the "psychological contract" between themselves and their employers is "violated," they may resort to extreme reactions, Jones said. This could also hurt the morale of remaining employees and increase attrition, according to Boodoo. "Research suggests that following a layoff, there's an increase in voluntary turnover among remaining employees.
Persons: , Elon Musk, they'd, Ben Hardy, Amanda Jones, it's, Jones, Muhammad Umar Boodoo, weren't Organizations: Service, Dodge, Wall Street Journal, CNBC, Business, Google, Twitter, Employers, London Business School, King's College London, Warwick Business School, Employees
Two years in prison for tax and securities violations. The country’s most notorious white-collar fraudsters — like Bernie Madoff and Elizabeth Holmes — have received a range of punishments for their crimes, from relatively short prison terms to effectively a life sentence. On Thursday, Sam Bankman-Fried, the onetime cryptocurrency mogul, joined their ranks, receiving a 25-year sentence for fraud, conspiracy and money laundering. In legal filings, prosecutors cited 13 examples of white-collar prosecutions that involved a loss of more than $100 million. In all but two of those cases, the defendant was sentenced to 40 years or more.
Persons: Bernie Madoff, Elizabeth Holmes —, Sam Bankman, Fried, FTX
New York CNN —Sam Bankman-Fried has been sentenced to 25 years in federal prison for defrauding customers and investors in his failed crypto exchange FTX, a Manhattan court ruled Thursday. In this courtroom sketch, Sam Bankman-Fried, second from right, stands while making a statement during his sentencing in Manhattan federal court on March 28, 2024. There is no parole in federal cases, but Bankman-Fried may still be able to shave years off his term. Since 2018, however, nonviolent federal inmates can reduce their sentence by as much as 50% under prison reform legislation known as the First Step Act. In addition to the prison sentence, Kaplan also ordered a forfeiture of $11.02 billion.
Persons: Sam Bankman, Fried, Lewis Kaplan, it’s, ” Kaplan, Fried “, Bernard Madoff, Elizabeth Holmes, Elizabeth Williams, ” Mitchell Epner, Epner, ” Epner, Jordan Estes, Kramer Levin, , ” Estes, Kaplan, Joe Bankman, Barbara Fried, Organizations: New, New York CNN, CNN, Federal, of Prisons Locations: New York, Manhattan, San Francisco
Sam Bankman-Fried Was Sentenced to 25 Years in Prison
  + stars: | 2024-03-28 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, who was convicted of stealing $8 billion from his customers, was sentenced today to 25 years in prison. Bankman-Fried, 32, was convicted last fall of seven counts of fraud, conspiracy and money laundering. His prison sentence marks the finale of a sweeping fraud case that exposed greed and risk-taking across the loosely regulated world of cryptocurrencies. Just 18 months ago, Bankman-Fried was considered a corporate titan and one of the youngest billionaires on the planet. But in his remarks during his sentencing hearing in New York City today, he appeared to accept that he would be in prison for some time.
Persons: Sam Bankman, Fried, FTX, Organizations: Locations: New York City
NEW YORK, US - JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. The victim, who wrote that 30 years worth of savings had been deposited into FTX three months before the exchange collapsed, is part of a last-minute push by prosecutors to sway Judge Kaplan ahead of the sentencing. For months, Judge Kaplan has been weighing the appropriate punishment for Bankman-Fried's crimes related to the implosion of his $32 billion crypto empire. Damaging testimonyBankman-Fried was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders to sister hedge fund Alameda Research, as well as conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering. The defense team has argued that Bankman-Fried's sentence should reflect the potential that FTX customers will be paid back in part or in full.
Persons: Sam Bankman, Fried, Fatih Aktas, District Judge Lewis Kaplan, FTX, Kaplan, Yesha Yadav, Dean, Judge Kaplan, David Weinstein, Jones Walker, Weinstein, Mark Bini, Bini, Reed, Caroline Ellison, Yadav, Neama Rahmani, Tre Lovell, isn't, Lovell, he's, it's Organizations: Anadolu Agency, Getty, Department of Justice, U.S, District, Prosecutors, Vanderbilt University, CNBC, Alameda Research, Bloomberg, Southern, of, Los Locations: New York, Manhattan, of New York, SBF, Los Angeles
There are more heavily trafficked routes across the Baltimore Harbor than the Francis Scott Key Bridge. The Harbor Tunnel carries double the daily traffic of the Key Bridge and the Fort McHenry Tunnel much more than that. The six men who are missing were part of this tradition of working Baltimore: members of a construction crew, working overnight hours filling potholes on the bridge. One day in 1977, Mr. Metzger said, his father, a truck driver, was coming back home from his route and happened upon the bridge’s ribbon cutting. And the Key Bridge is gone.”
Persons: Francis Scott Key, , , Kurt L, Mr, Schmoke, Rafael Alvarez, Dali, Jim Lo Scalzo, Curtis Bay, Alvarez, Baltimoreans, James Metzger, Metzger, Metzger’s Organizations: Fort, University of Baltimore, Chesapeake, Washington , D.C, Bethlehem Steel Plant, Amazon Locations: Baltimore, Fort McHenry, Baltimore’s, Maryland, Washington ,, New York City, Shutterstock
Sentencing is a much more fluid process, with both sides allowed to make sweeping arguments to try to make their case to the judge. But instead, his life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money,” prosecutors wrote in a memo. In a letter to the court, Marc Mukasey, the lawyer Bankman-Fried retained for sentencing, called the government’s memo “disturbing” and accused the government of trying to “break” Bankman-Fried. His behavior may come back to haunt Bankman-Fried in sentencing, Fischer said. But legal experts say that even if 100% of FTX customers get their money back, it’s not necessarily going to sway the judge to go easy on Bankman-Fried.
Persons: Sam Bankman, Judge Lewis Kaplan, , Kaplan, Howard Fischer, Moses Singer, Prosecutors, Fried, Marc Mukasey, Bankman, ” Mukasey, , Sam, , Caroline Ellison, Fischer, ” Ellison, Bernie Madoff, it’s, ’ ”, John Ray, ” Ray Organizations: New, New York CNN, Southern, of, Prosecutors, Bankman, MIT, Detention, ” Prosecutors, Alameda Research Locations: New York, Manhattan, of New York, Palo Alto , California, Brooklyn, Bankman, FTX, Alameda
And he’s implicitly arguing he’s making Americans’ lives better while Trump is consumed by his web of criminal and civil legal complications. His goal is to take votes from President Biden to help elect Donald Trump, and we can’t let it happen,” Pennsylvania Democratic Lt. Gov. Trump on the defensiveTuesday’s campaign developments follow another day of extraordinary drama in Trump’s staggering array of legal cases. Nikki Haley in party primaries – even after she shelved her campaign earlier this month – hints at softness in Trump’s support. Alexis McGill Johnson, the president of Planned Parenthood, said that abortion was already a decisive issue in the 2024 election.
Persons: CNN — It’s, Donald Trump’s, quagmire, Joe Biden, Kamala Harris, Robert F, Kennedy Jr, Trump, Biden, he’s, , Roe, Wade, Dobbs, , “ Donald Trump, ” Biden, Marilyn Lands, , ” Harris, Kennedy, Nicole Shanahan, Robert Kennedy, Donald Trump, Austin Davis, irk Trump, “ I’d, there’s, Nikki Haley, , Benjamin Netanyahu, Trump’s, Alexis McGill Johnson, CNN’s Phil Mattingly, ” Trump, musing, Barack Obama’s, “ I’m, “ disinformates Organizations: CNN, White, Republican, Trump, North, Biden, Union, Democratic, , Alabama, Democrats, Republicans, Affordable, Pennsylvania Democratic, Gov, New, GOP, South Carolina Gov, Arab American, Gaza Health Ministry, Israeli, Court Locations: Washington, North Carolina, California, Alabama, Trump, Pennsylvania, New York, Israel, Gaza, ,
Sam Bankman-Fried bilked FTX customers out of over $8 billion, according to prosecutors. AdvertisementAccording to federal prosecutors, Sam Bankman-Fried orchestrated one of the biggest criminal frauds in the history of the world. According to his lawyers, FTX's customers might get all their money back. According to prosecutors, Bankman-Fried was responsible for more than $11 billion in fraud overall between FTX customers and investors in FTX and Alameda Research. The recovered calculations, too, distort how much money customers are actually getting back.
Persons: Sam Bankman, , Fried, FTX, John J, Ray III, Ray, Lewis Kaplan, Kaplan, Sarah Krissoff, Cozen O'Connor, Krissoff, it's, Sarah Silbiger, Bankman, bitcoin, Rachel Maimin, Lowenstein Sandler, Barbara Fried, Mark Cohen, Jane Rosenberg Bankman, Maiman, Maimin, Caroline Ellison Organizations: Service, FTX, Bankman, Alameda Research, US, United States, Second Circuit, U.S . House Financial, Capitol, Reuters, K5 Global, Prosecutors, Wall, REUTERS, Business, of Prisons, Alemda Research Locations: FTX, Manhattan, New Jersey, New York, Washington , U.S
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