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His restaurant Moon Rabbit abruptly closed in 2023 when its landlord decided not to unionize, something the hospitality staff was pushing for. Tien opened Moon Rabbit again in the Penn Quarter neighborhood a year later — this time, as the chef/owner of the restaurant. Advertisement"We used our savings and everything we had to open Moon Rabbit. Look for community resourcesTien contacted his friends in the tight-knit Washington, DC, restaurant industry to learn best practices in opening Moon Rabbit. For AAPI entrepreneurs looking to lay their financial groundwork for starting a business, Tien suggests leaning into your local community.
Persons: , Kevin Tien, Tien, that's, Judy Beltrano, Susan Bae, Alan Vo, Lean Organizations: Service, Business, we're, Insurance, Washington, Mayor's, Asian Affairs, Restaurant Association Metropolitan Washington Locations: Washington, DC, Louisiana, Southern, Penn
Frank Flight left London-based Brevan Howard earlier this year. Flight was a rates trader for Goldman for six years before joining Brevan last May. A person close to the firm said he left "on his own accord" earlier this year. AdvertisementAt least one Brevan Howard departure this year was not a layoff. Flight had been at the firm for less than a year, joining from Goldman Sachs in May of 2023 after more than six years of trading rates for the bank.
Persons: Frank Flight, Brevan Howard, Goldman, , Howard, Goldman Sachs, Brevan, Alfredo Saitta, Aron Landry, Alan Howard, Bradley Organizations: Brevan, Service, Business, Goldman, Bloomberg Locations: London
A few months ago, a top prosecutor on former President Donald J. Trump’s classified documents case stood up in court and told Judge Aileen M. Cannon that he was concerned about the pace of the proceeding, gingerly expressing his desire to keep the matter “moving along.”Almost instantly, Judge Cannon got defensive. “I can assure you that in the background there is a great deal of judicial work going on,” she snapped. “So while it may not appear on the surface that anything is happening, there is a ton of work being done.”In some sense, Judge Cannon had a point. Much of what judges do unfolds out of sight in the sanctity of their chambers. But at seven public hearings over more than 10 months, Judge Cannon has left an increasingly detailed record of her decision-making skills and judicial temperament.
Persons: Donald J, Trump’s, Aileen M, Cannon, Judge Cannon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegions Wealth's McKnight explains the best time to invest in the marketAlan McKnight, Regions Wealth Management CIO, joins 'Squawk on the Street' to discuss what McKnight is telling clients about the current market rally, whether annual revenue growth is becoming harder to come by, and much more.
Persons: Wealth's McKnight, Alan McKnight, McKnight Organizations: Wealth Management
The decision by the judge, Aileen M. Cannon, was made solely on the procedural grounds that prosecutors working for the special counsel, Jack Smith, had failed to properly inform Mr. Trump’s lawyers before making their request. It left open the possibility that the prosecution could try again to restrict Mr. Trump’s remarks about the agents if it follows the procedural rules. As part of her decision, Judge Cannon also temporarily denied an attempt by Mr. Trump’s legal team to push back against the government. Mr. Trump’s lawyers had filed a counter-motion seeking to have the prosecutors’ request stricken from the record and to have sanctions imposed on Mr. Smith and his deputies for failing to follow the proper procedure. Those remain largely where they stood when the dispute between the defense and prosecution began on Friday evening.
Persons: Donald J, Trump, Aileen M, Cannon, Jack Smith, Trump’s, Judge Cannon, Smith, Cannon’s, Mr Organizations: Mr
New York CNN —Harvard University announced Tuesday it will no longer weigh in on public matters that don’t impact the Ivy League school’s core function, a shift that follows a historic period of turmoil at the storied university. Harvard leaders announced the new policy after forming a working group in April to debate when the university should speak out. That group concluded that Harvard has a “responsibility to speak out to protect and promote its core function,” including to “defend the university’s autonomy and academic freedom when threatened.”“The university and its leaders should not, however, issue official statements about public matters that do not directly affect the university’s core function,” the working group said in its report. Alan Garber, who replaced Gay as president on interim basis, announced Tuesday the university has accepted the working group’s report and recommendations, which have also been endorsed by The Harvard Corporation, the university’s top governing body. “The process of translating these principles into concrete practice will, of course, require time and experience, and we look forward to the work ahead,” Garber said.
Persons: Claudine Gay, Gay, Alan Garber, ” Garber Organizations: New, New York CNN — Harvard University, Ivy League, Harvard, The Harvard Corporation Locations: New York, Harvard’s, Israel
Former President Donald J. Trump’s lawyers on Monday assailed a request by federal prosecutors to limit what he could say about a new flare-up in a case accusing him of illegally retaining classified documents after leaving office. In an angry court filing, the lawyers pushed back hard against the request by the office of the special counsel, Jack Smith, to revise Mr. Trump’s conditions of release by forbidding him to make any public comments that might endanger federal agents working on the prosecution. On Friday evening, Mr. Smith’s team requested what amounted to a limited gag order on Mr. Trump, prompted by what it called “grossly misleading” social media posts the former president made last week falsely claiming that the F.B.I. had been authorized to kill him when agents searched Mar-a-Lago, his Florida club and residence, in August 2022. The former president’s statements were based on a recently unsealed operational order for the search that contained boilerplate language spelling out that the use of deadly force could be used only in case of emergency, a standard provision applied to all searches conducted by the bureau.
Persons: Donald J, Jack Smith, Smith’s, Trump Locations: Florida
CNN —As many as 2,000 people are feared to have been buried by last week’s massive landslide in Papua New Guinea, according to the country’s National Disaster Centre, as survivors recounted the horror losing so many loved ones. The landslide occurred in the mountainous Enga region in northern Papua New Guinea on Friday and the latest missing figure is a sharp rise from earlier estimates. Mohamud Omer/International Organization for Migration/APMiok Michael, a local community leader, told CNN that it was likely there were few survivors. But that may now be a major underestimate according to the latest projection from Papua New Guinea’s disaster agency. “There are no reports of earthquakes at this time but we did have quite a lot of rain and a lot of unseasonal weather happening across Papua New Guinea,” Jensen said.
Persons: Kambu, , , Mohamud Omer, Michael, Laso Mana, Chris Jensen, ” Jensen, Justine McMahon, ” McMahon, Pierre Rognon, it’s, Alan Collins, ” Collins, Jensen, we’ve Organizations: CNN, Disaster, Reuters, International Organization for Migration, United Nations, Mission, National Disaster Centre, UN, World, CARE International, University of Sydney’s School of Civil Engineering, University of Adelaide Locations: Papua New Guinea, Yambali, Highlands, Papua, Kaokalam, Port Moresby
Top finance officials from the world’s advanced economies moved toward an agreement on Saturday over how to use Russia’s frozen central bank assets to aid Ukraine and warned against China’s dumping of cheap exports into their markets, aiming to marshal their economic might to tackle twin crises. The embrace of more ambitious sanctions and protectionism came as finance ministers from the Group of 7 nations gathered for three days of meetings in Stresa, Italy. The proposals under consideration could deepen the divide between the alliance of wealthy Western economies and Russia, China and their allies, worsening a global fragmentation that has worried economists. Efforts by the Group of 7 to influence the two powerful adversaries have had limited success in recent years, but rich countries are making a renewed push to test the limits of their combined economic power. In a joint statement, or communiqué, released on Saturday, policymakers said they would stay united on both fronts as geopolitical crises and trade tensions have emerged as the biggest threats to the global economy.
Organizations: Group Locations: Ukraine, Stresa, Italy, Western, Russia, China
the operator asks, to which the woman sobs, "No! the 911 operator asks Saleh's cousin in the recording played Friday. the operator asks. Prosecutors told jurors that these bags held Saleh's head and limbs. A crime scene photo showing tech CEO Fahim Saleh under attack by his killer just inside the victim's Manhattan condominium.
Persons: , Gokada, Fahim Saleh, Saleh, Tyrese Haspil, Linda Ford, Sam Roberts, Alan Chin, Haspil, Chavaux, Roberts, he'd, sobs, gasps, Prosecutors, he's, Gigi Jordan Organizations: Service, Business, Manhattan, Prosecutors Locations: Bangladeshi, Nigeria, Manhattan, France
Prosecutors said Mr. Trump had recently made “grossly misleading” assertions about the F.B.I.’s search of Mar-a-Lago, his private club and residence in Florida, two years ago. In a social media post on Tuesday, Mr. Trump falsely claimed that President Biden “authorized the FBI to use deadly (lethal) force” during the search. Mr. Trump’s post was a reaction to an F.B.I. operational plan for the Mar-a-Lago search that was unsealed on Tuesday as part of a legal motion filed by Mr. Trump’s lawyers. The plan contained a boilerplate reference to lethal force being authorized as part of the search, which prosecutors said Mr. Trump had distorted.
Persons: Donald J, Trump’s, Prosecutors, Trump, Biden “, Organizations: FBI, Mar Locations: Florida, Lago
HarbourVest Global Private Equity , a diversified listed private equity investment company, could see its share price rise by more than 40%, according to analysts at investment banks Peel Hunt and Jefferies. Richard Hickman, the managing director of HVPE, describes it as the "most diversified, listed private equity investment company in London." "We're a global fully diversified portfolio covering buyout funds, the more established businesses from small cap through medium to large cap." NAV represents the value of an investment fund's assets per share. They estimate that share buybacks at the current discount could result in a 1.4% uplift in net asset value per share.
Persons: Peel Hunt, Jefferies, Richard Hickman, HVPE, Hickman, Alan Brierley, Ben Newell, Warren, Buffett Organizations: HarbourVest Global, Equity, Peel, London Stock Exchange, CNBC, NAV, Jefferies, Investec Locations: London
Treasury Secretary Janet L. Yellen warned Israel on Thursday against cutting off ties between Palestinian and Israeli banks, arguing that such a move would further destabilize the economy of the West Bank at a time when Palestinians are already facing dire economic conditions. Ms. Yellen’s comments came in the wake of Israel’s decision on Wednesday to withhold tax revenue from the Palestinian Authority in retaliation for three European countries unilaterally agreeing to recognize a Palestinian state. Ms. Yellen and other top economic officials from the Group of 7 nations are expected to discuss the matter and the humanitarian situation in Gaza during their summit in Stresa, Italy, which begins on Thursday. “I’m particularly concerned by Israel’s threats to take action that would lead to Palestinian banks being cut off from their Israeli correspondent banks,” Ms. Yellen said during remarks ahead of a news conference. Ms. Yellen added that the banking channels were critical for processing transactions that allow $8 billion a year of imports of food, fuel and electricity from Israel and $2 billion of Palestinian exports.
Persons: Janet L, Yellen, Israel, Yellen’s, “ I’m, Ms Organizations: West Bank, Palestinian Authority Locations: Palestinian, Gaza, Stresa, Italy, Israel
Officials continue to conduct operation and inspect the area after the train derailment in East Palestine, Ohio, United States on February 17, 2023. Norfolk Southern has agreed to pay $310 million to settle charges over a toxic train derailment in East Palestine, Ohio, in February 2023, the company announced on Thursday. The majority of the settlement is an estimated $235 million to cover all past and future cleanup costs. Per the agreement, the company will also pay a $15 million civil penalty to resolve alleged violations of the Clean Water Act. "We will continue keeping our promises and are invested in the community's future for the long-haul."
Persons: Alan Shaw Organizations: Norfolk Southern, EPA, U.S . Department of Justice, Norfolk Locations: East Palestine , Ohio, United States, Norfolk Southern
Hundreds of students walked out of Harvard University’s commencement ceremony on Thursday morning as degrees were conferred, while hundreds chanted “Let them walk!”, a reference to 13 student protesters who were not allowed to graduate after a vote Wednesday by the Harvard Corporation, the university’s governing body. The walkout was a jarring reminder of continuing unrest on the Cambridge campus, on a day when more than 9,000 graduates and their families were gathered in Harvard Yard for celebration and reflection. At the start of the ceremony, the university’s interim president, Alan Garber — loudly booed by some in the crowd — acknowledged the turmoil, and the possibility that “some among us may choose to take the liberty of expressing themselves to draw attention to events unfolding in the wider world.”“This moment of joy coincides with moments of fear and dread, grief and anger, suffering and pain,” he said. “Elsewhere, people are experiencing the worst days of their lives.” He asked the crowd to observe a minute of silence.
Persons: Alan Garber —, , , Organizations: Harvard, Harvard Corporation, Cambridge, Harvard Yard
The 67-year-old entrepreneur’s visa woes have reignited a fresh firestorm about the frustrations of traveling within Africa for Africans. But many African countries still require visas from other Africans and the experience is fraught with discrimination, hostility and sky-high fees. He has also been detained at airports in Kenya and South Africa because of his Nigerian passport. “There’s a fear in richer African countries that people from poorer nations might be looking for a way to permanently move there,” he explains. His new St Kitts passport allows him to go to more African countries than his Nigerian passport.
Persons: Aliko Dangote, ” Dangote, , Patrick, Pouyanné, Tayo Aina, Aina, YouTuber, hasn’t, Marco Longari, Alan Hirsch, , Sotunde, William Ruto, Tayo Organizations: Rwanda CNN, Forum, CNN, African, African Continental Free Trade, Getty, University of Cape, New, Institute, Travelers, East African Community, Kenyan, REUTERS, Reuters Kenyan, St Kitts Locations: Kigali, Rwanda, Nigerian, Africa, , Benin, The Gambia, Seychelles, Addis Ababa, London, Kenya, South Africa, Caribbean, St Kitts, Nevis, AFP, University of Cape Town, Johannesburg, Southern, West Africa, Abuja, Nigeria, East
In this case, the topic was an unproven accusation by Mr. Trump’s legal team that at an early stage of the inquiry prosecutors sought to get one of his co-defendants to cooperate against him by threatening his lawyer. The exchange occurred at a hearing where the prosecutor, David Harbach, angrily denied the accusation and the judge, Aileen M. Cannon, pressed him for details. The dispute concerned a meeting nearly two years ago at the Justice Department. A lawyer for the co-defendant, Walt Nauta, claims that prosecutors hinted that they could derail a judgeship he was seeking if he did not prevail on Mr. Nauta to turn on Mr. Trump. “The story about what happened at that meeting is a fantasy,” Mr. Harbach told Judge Cannon at one point.
Persons: Donald J, Trump’s, David Harbach, Aileen M, Cannon, Walt Nauta, Nauta, Trump, Mr, Harbach, Judge Cannon Organizations: Justice Department Locations: Florida
Microsoft is partnering with tutoring organization Khan Academy to provide a generative AI assistant to all teachers in the U.S. for free. Khanmigo for Teachers, which helps teachers prepare lessons for class, is free to all educators in the U.S. as of Tuesday, with the financial support of Microsoft. Microsoft and Khan Academy are also planning to provide more AI-powered math tutoring to students through a new open-source small language model from Microsoft's Phi-3 AI technology. The relationship between the tech giant and education nonprofit will also feed back into Microsoft's Copilot AI, with more Khan Academy content added, and Khan content brought into Microsoft Teams for Education, an existing free communication app for students and teachers. Microsoft co-founder Bill Gates recently recommended Khan's new book on AI in education.
Persons: Sal Khan, Sam Altman, Greg Brockman, zeroed, Khan, Nadia, Alan Turing's, Khanmigo, Bill Gates, Gates Organizations: Microsoft, Academy, Khan Academy, CNBC, Khan, CNBC's Technology, Phi, Microsoft Teams, Education Locations: U.S
For the past few months, federal prosecutors and lawyers for former President Donald J. Trump have been battling in secret over allegations of misconduct and politicization in how the government handled the investigation that led to an indictment accusing Mr. Trump of illegally holding on to classified documents after he left office. The fight spilled into the public eye on Tuesday as the judge overseeing the case unsealed a pair of motions by Mr. Trump attacking the integrity of the inquiry and claiming that the special counsel, Jack Smith, had timed his charges to create maximum political damage. The aggressive and often baseless filings by Mr. Trump’s lawyers amounted to a multipronged assault on the underpinnings of the classified documents case and were the sharpest articulation yet of an argument the former president has often raised on the campaign trail: that law enforcement has been weaponized against him in a series of overreaching and politically driven witch hunts. The two filings, which were released with hundreds of pages of supporting documents, homed in on an array of investigative steps taken by the government that the defense has claimed were improper.
Persons: Donald J, Trump, Mr, Jack Smith
Treasury Secretary Janet L. Yellen said on Tuesday that the United States and Europe needed to work together to push back against China’s excess industrial capacity, warning that a wave of cheap Chinese exports represents a grave threat to the global economy. Ms. Yellen’s remarks, delivered during a speech in Germany, highlighted what is expected to be a central topic of discussion when the Group of 7 finance ministers meet in Italy this week. “China’s industrial policy may seem remote as we sit here in this room, but if we do not respond strategically and in a united way, the viability of businesses in both our countries and around the world could be at risk,” Ms. Yellen said at the Frankfurt School of Finance and Management, where she received an honorary doctoral degree. China’s excessive production of green energy technology has become a pressing trans-Atlantic concern in recent months. Officials in President Biden’s administration have grown increasingly worried that his efforts to finance domestic manufacturing of clean energy and other next-generation technologies will be undercut by China, which is churning out steel, electric cars and solar panels at a rapid clip.
Persons: Janet L, Yellen, Yellen’s, Ms, Biden’s Organizations: Frankfurt School of Finance, Management Locations: United States, Europe, Germany, Italy, China
For Ajamie LLP, a Houston law firm with 11 attorneys, taking on banks with billion-dollar war chests is becoming a booming business. This ruling was used by a lawyer on another case, Ohio-based Alan Rosca, to secure a $3 million judgment against Morgan Stanley on March 25. He said he has been contacted by advisors hailing from "really any financial firm that offers deferred compensation to financial advisors." During that suit, Ajamie was contacted by Matt Shafer, the lead plaintiff in the Morgan Stanley case. The Morgan Stanley suit inspired Kelly Milligan, now the named plaintiff in the Merrill Lynch class action, to reach out.
Persons: , Jack Edwards, Edwards, Morgan Stanley, Morgan Stanley's, Alan Rosca, Merrill Lynch, Sen, Ted Cruz, Wells Fargo, Wells, Ajamie, Matt Shafer, Kelly Milligan, It's Organizations: Service, Ajamie LLP, Business, University of Virginia School of Law, Big Law, RBC Capital Markets, Financial Industry Regulatory Authority Locations: Houston, Ohio, Ajamie, Texas, Carolina
The Justice Department described the organization as a criminal enterprise and linked the New York chapter to the Gambino crime family. Mr. Zito later left the biker group to try to become a movie star in Hollywood. Mr. Trump has long shown an affection for macho bikers, and addressed a rally of them in Washington in 2016 before the election. A group called Bikers for Trump took part in several so-called Stop the Steal rallies after Mr. Trump lost the 2020 election. Mr. Zito was joined in the courtroom on Monday by several Trump allies who have been charged with crimes.
Persons: Donald J, Trump, Chuck Zito, Gambino, Zito, , Mr Organizations: New York Nomads, Hells Angels, The Justice Department, Trump Locations: Manhattan, New York City, California, York, Hollywood, Washington
Energy prices have been relatively stable across the world, including in the United States, which helped devise the plan. But Russia’s war effort in Ukraine is intensifying, making it increasingly clear that efforts by Western allies to squeeze Moscow’s oil revenues are faltering. A variety of factors have allowed Russia to continue profiting from strong oil revenue, including lenient enforcement of the price cap. Russia’s development of an extensive “shadow” fleet of tankers has allowed it to largely circumvent that policy. That has allowed the Russian economy to be more resilient than expected, raising questions about the effectiveness of the coordinated sanctions campaign employed by the G7.
Persons: Biden Organizations: Energy Locations: States, United States, Ukraine, Russia
McKnight: Investors need to play the ball where it lies
  + stars: | 2024-05-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcKnight: Investors need to play the ball where it liesAlan McKnight, Regions Wealth Management CIO, discusses the market rally and the critical trading week ahead.
Persons: McKnight, Alan McKnight Organizations: Wealth Management
London CNN —WikiLeaks founder Julian Assange will find out Monday whether he can make a final challenge against his extradition to the United States. LEON NEAL/AFP/Getty Images Assange attends a seminar at the Swedish Trade Union Confederation in Stockholm on August 14, 2010. LEON NEAL/AFP/Getty Images Assange and his bodyguards are seen after a news conference in Geneva, Switzerland, in November 2010. Carl Court/Getty Images Assange speaks to the media in May 2017, after Swedish prosecutors had dropped their investigation of rape allegations against Assange. Jack Taylor/Getty Images Assange was seen for the first time in months during a hearing via teleconference in Quito, Ecuador, in October 2018.
Persons: Julian Assange, Assange, Victoria Sharp, Jeremy Johnson —, Stella Assange, ” “ Julian, , Kristinn Hrafnsson, Jack Taylor, LEON NEAL, BERTIL ERICSON, FABRICE COFFRINI, Carl Court, Geoff Caddick, Oli Scarff, CARL COURT, Leon Neal, Philip Toscano, Ricardo Patino, Frank Augstein, David Paul Morris, John Stillwell, Mike, Pompeo, Maria Sol Borja, Chelsea Manning, Alastair Grant, Daniel Leal, Elizabeth Cook, Anthony Albanese, , Albanese’s, Joe Biden, Trump, Biden, Sunna, it’s, Alan Rusbridger Organizations: London CNN, Foreign Press Association, Court, European, of Human Rights, WikiLeaks, Guardian, Getty, Swedish Trade Union Confederation, St, Paul's, British, Ecuadorian Embassy, Oxford Union Society, Ecuadorian Foreign, Southwest Festival, Bloomberg, United Nations Human Rights, United, United Nations, CIA, CNN, Army, Ecuadorian, Ecuador, Southwark Crown, Australian, Parliamentary, of Europe, Prospect Magazine Locations: United States, London, Westminster, Afghanistan, AFP, Stockholm, Iraq, Geneva, Switzerland, Sweden, Ecuador, Austin , Texas, Ecuadorian, United Nations, United Kingdom, Quito, Southwark, London’s, Australia
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