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☆ Diddy wins third-chance hearing to argue for bail in sex-trafficking case
▼ + stars: | 2024-11-12 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

Sean "Diddy" Combs has won a third chance to argue for bail in his federal sex-trafficking case. Combs has been held without bail in Brooklyn since his September arrest. AdvertisementLawyers for Sean "Diddy" Combs on Tuesday won a third chance to argue that he should be released from jail pending his May 5 trial date on federal sex-trafficking charges. US District Judge Arun Subramanian set 2 p.m. on November 22 for a bail hearing. Combs' side gets to reply to that response by Wednesday, November 20, two days before the hearing.

Persons: Sean, Diddy, Combs, He's, —, Arun Subramanian, Subramanian, Andrew L, Carter , Jr Organizations: Service, Tuesday, Miami Locations: Brooklyn, Miami, New York

☆ Barbecue, bingo, and bipartisan partying: How America is preparing for election night
▼ + stars: | 2024-11-02 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

On a highly charged election night, some Americans are ready to go out and party. AdvertisementMany Arizonans are still undecided — on which strain of weed they want to smoke on election night, that is. She anticipates it will be open until at least midnight on election night, two hours past its usual closing time. AdvertisementDrag queens Aggy Dune (left) and Darienne Lake (right) will perform on election night. Courtesy of Andrew LehnSome workers are opting out of election night completely.

Persons: —, they've, OG, Kamala Kush, Jill, Luke Flood, Donald OG, Flood, it's, Donald, partygoers, we're, Marjorie Taylor Greene, Leah Kolb, Kolb, " Kolb, Ken Lowe Jr, Lowe, Darienne, Kristina Dinino, Jeffords, it'll, Kamala, MAGA, rita, John Gram, Prepping, Gopuff, Abe Malkin, Andrew Lehn, HoTail, Kitty Rayborn, I'm Organizations: Service, Democratic, Hill, CNN, Fox, Cinema, Divas, Democracy Locations: Curaleaf, Arizona , Florida , New York, Illinois, Arizona, Tacoma , Washington, Lansing , Michigan, Washington, DC, Philadelphia, Rochester , New York, Pennsylvania, Texas

Charlotte Kates, a New Jersey native and Rutgers Law School graduate who co-founded the pro-Hamas organization Samidoun, has become the focus of an ongoing legal debate: When does free speech cross the line into breaking federal anti-terrorism laws? Germany banned the organization last November, and Israel designated it a terrorist organization in 2021. Kates’ open support of terrorist organizations puts her in the middle of a growing legal dispute: When does free speech cross the line into breaking federal anti-terrorism laws? “As far as I’m concerned, this is legitimate political advocacy, unpleasant as it may be.”What is ‘knowingly’ coordinating with a terrorist organization? “You don’t have a right to pick and choose which law to follow.”Not all federal law enforcement experts agree with Burns’ approach.

Persons: Charlotte Kates, Kates, “, ” Kates, Samidoun, Tom Petrowski, ” Petrowski, Dr Basem Naim, Odysee Petrowski, David Goldberger, Goldberger, ”, —, Basem Naim, Naim, Israel “, Andrew Lichtenstein, they’re, John Roberts, Stephen Breyer, Sonia Sotomayor, Ruth Bader Ginsburg, “ We’re, “ It’s, Frank Figliuzzi, ” Figliuzzi, Daniel Richman, webinars, ” Richman, “ Definitionally, Khaled Barakat, Barakat, ” Samidoun, Lara Burns, Burns, George, ” Burns, Barbara McQuade, ” McQuade, McQuade, webinar Organizations: Rutgers Law School, NBC News, Treasury, Canadian, Republican, Justice Department, FBI, Civil, Terrorism Task Force, Hamas, Samidoun, Odysee, Palestine Islamic, American Civil Liberties Union, YouTube, ”, Columbia University, Supreme, Kurdistan Workers ’ Party, Liberation Tigers, NBC, Columbia, Treasury Department, Front, Liberation, PFLP, Palestine, Palestinian, Columbia University Apartheid, World Trade, Patriot, Brandenburg, Land Foundation, George Washington University’s Program, Extremism, Islamic State, Eastern, Eastern District of Locations: New Jersey, Vancouver , British Columbia, U.S, South Africa, Germany, Israel, Vietnam, Dallas, Palestine, American, Skokie , Illinois, New York, Chicago, New York City, Kurdistan, Tamil Eelam, webinars, Swiss, Instagram, Brandenburg v . Ohio, Texas, Eastern District, Eastern District of Michigan

☆ 13 things you probably didn't know about 'Halloween'
▼ + stars: | 2024-10-31 | by ( Andrew Lasane | ) www.businessinsider.com time to read: 1 min

Director John Carpenter's then-girlfriend cowrote the screenplay with him. John Carpenter and Debra Hill cowrote "Halloween." Compass International PicturesAs the director, John Carpenter often gets all the credit for "Halloween," but he didn't do it alone. Debra Hill, a producer on the film and Carpenter's then-girlfriend, actually cowrote the film with him. She also helped write some of the sequel films, including "Halloween II" (1981).

Persons: John Carpenter's, John Carpenter, Debra Hill cowrote, Debra Hill, Carpenter's

☆ 20 interesting things you probably didn't know about the 'Scream' movies
▼ + stars: | 2024-10-31 | by ( Andrew Lasane | Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Dimension FilmsIn 2011, Craven said that when he started talking to Williamson about going back to Woodsboro, it wasn't for a one-off. "He had an idea for a new trilogy," the director told Movieweb in a 2011 interview. In a 2016 Entertainment Tonight interview, Williamson said he was unsure about another trilogy. "Now without Wes, I feel like you have to sort of answer the questions of how and why, and I don't know how to do it without Wes and I don't know why to do it," he explained. But writers Guy Busick, James Vanderbilt, and directors Matt Bettinelli-Olpin and Tyler Gillett found a way to continue the franchise with 2022's "Scream" and 2023's "Scream VI."

Persons: Emma Roberts, Craven, Williamson, Movieweb, Bob Weinstein, Wes, Guy Busick, James Vanderbilt, Matt Bettinelli, Tyler Gillett, ComicBook.com Organizations: Entertainment Locations: Woodsboro

☆ Former Pussycat Doll Nicole Scherzinger is getting midshow standing ovations in Broadway debut
▼ + stars: | 2024-10-25 | by ( Kaitlyn Schwanemann | Kaitlyn Schwanemann Is An Intern For Nbc News. | ) www.nbcnews.com time to read: +1 min

Pop star Nicole Scherzinger, known as the former lead singer of the Pussycat Dolls, appears to be elevating her career on the Broadway stage. The Filipina and Native Hawaiian performer recently made her Broadway debut as Norma Desmond in a revival of famed composer Andrew Lloyd Webber's "Sunset Blvd." and has reportedly been receiving standing ovations midshow. As Desmond, Scherzinger plays a Hollywood movie star whose career has declined with time, desperately trying to reclaim her fame. People magazine lauded her performance as “so commanding, so seductive and so magnificent,” adding that she received multiple standing ovations throughout the show.

Persons: Nicole Scherzinger, Norma Desmond, Andrew Lloyd Webber's, Desmond, Scherzinger, Laurence Olivier, Johnny Oleksinski, Lloyd, ” Organizations: Broadway, magazine, New York Post Locations: Hollywood, London's

☆ Nicole Scherzinger ‘will forever cherish and treasure the time’ with Liam Payne
▼ + stars: | 2024-10-25 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Nicole Scherzinger was a part of Liam Payne’s career rise and now she’s paying tribute to him. Payne died recently after falling from the third floor of a hotel in Buenos Aires, Argentina. Webber talked to Billboard about Scherzinger discovering her mentee Payne had died. I mean she is an amazing, amazing woman. She is without any question one of the finest performers I’ve ever worked with.”CNN has reached out to representatives for Scherzinger for confirmation/comment.

Persons: CNN — Nicole Scherzinger, Liam Payne’s, Payne, ”, Scherzinger, Liam, “, ” Scherzinger, Andrew Lloyd Webber, Webber, mentee Payne, she’d, ” Webber, I’ve Organizations: CNN, ” CNN Locations: Buenos Aires, Argentina, Sunset, ”

☆ Oil falls more than 1% on higher US crude stocks as market watches Middle East
▼ + stars: | 2024-10-23 | by ( ) www.cnbc.com time to read: +3 min

Brent crude futures dropped $1.08, or 1.42%, to close at $74.96 a barrel. U.S. West Texas Intermediate crude futures shed 97 cents, or 1.35%, to settle at $70.77 a barrel. "The large crude oil inventory build this week is offsetting the drop last week. Also pressuring oil prices, the dollar index rose on Wednesday to its highest since late July. The impact of the crude stocks build on prices was countered somewhat by persistent concerns over potential oil supply risk from conflict in the Middle East.

Persons: paring, Andrew Lipow, Antony Blinken's, Blinken, Yeap Jun Rong Organizations: Brent, . West Texas, Energy Information Administration, Lipow Oil Associates, ING Locations: East, Israel, Gaza, Lebanon, Middle, U.S, Milton, Lebanese

☆ Prince Andrew's future is murkier than ever. But the royals may never fully cut ties.
▼ + stars: | 2024-10-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +7 min

Prince Andrew's "Newsnight" interview has been depicted in a new series. AdvertisementThe public may not completely forgive Prince Andrew's controversies – but the royal family might, according to royal experts. AdvertisementSchofield said the institution is unlikely to ever fully reject Prince Andrew. However, she noted that his involvement in family events could be scaled back when Prince William ascends the throne. "Prince William is incredibly intelligent and recognizes that you are only as strong as your weakest member.

Persons: Prince Andrew's, Duke, York, Jeffrey Epstein, Andrew, —, Prince, Kinsey Schofield, he'd, Andrew's, Prince Andrew, Gillian Anderson, Rufus Sewell, Billie Piper, Sam McAlister, Emily Maitlis, Ruth Wilson, Michael Sheen, Epstein, Ghislaine Maxwell, Epstein's, Virginia Roberts Giuffre, Maxwell, Maitlis, King Charles, King Charles and Prince William, Princess Beatrice, Princess Eugenie, Kristien, Sovereign Grant, Richard Fitzwilliams, Sarah Ferguson, it's, Ferguson, MailOnline, Victoria, Schofield, Prince William, King William, William, Kate, Prince Harry —, Buckingham Organizations: Service, BBC, YouTube, Netflix, Amazon, Palace, International Trade, Investment, KPMG, Standard Chartered, Cisco, BBC News, Sovereign, Telegraph Locations: Windsor, Porta

☆ Taboola is looking to compete with Google and Facebook for small-business clients using a new generative AI tool for ad campaigns
▼ + stars: | 2024-10-15 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

The tool was built using OpenAI's GPT-4o and data input from years of Taboola ad campaigns. They've maxed out Google and Facebook, not because their threshold for margin is tapped, but the way most spend on Google and Facebook, they will spend, and spend, and spend, and they stop because it gets expensive," Singolda said in an interview. Singolda said Abby was designed to help Taboola bring on more advertisers and tackle the onboarding process. And Taboola itself already offers an AI tool called Maximize Conversions that automates its clients' ad bidding strategies. Advertisement"I don't see generative AI tools as likely to drive near-term adoption of new ad platforms among SMBs," Lipsman said.

Persons: Abby, Taboola, —, Adam Singolda, Singolda, Publicis, Andrew Lipsman, Lipsman Organizations: Service, BBC, CBS, Yahoo, Apple News, Business, Google, Facebook, Big Tech, Omnicom, WPP

☆ He told his mother there was ‘no way’ he’d meet someone in Australia. Then he fell in love at first sight
▼ + stars: | 2024-10-11 | by ( Francesca Street | ) edition.cnn.com time to read: +27 min

“Then, later on, when we left, she was like, ‘Oh, so you like him,’” recalls Wati. “But a week later, we decided to get together on a Saturday, and we spent most of the day together,” recalls Mike. “He’d mail them to me in these little padded envelopes,” recalls Wati. “Eventually, I was able to figure out how to get some credit for doing a paper at Melbourne University in January 1989,” recalls Mike. “She would stay for about a month or a little bit more,” recalls Wati.

Persons: Mike Grossman, Mike “, Mike, ”, There’s, “, —, he’d, I’d, ” Mike, bode, Melbourne’s Monash, Wati, Yanti, Michael, nudging, ’ ”, Wati Grossman, ” Wati, Paul, Gauguin, Andrew Lloyd Webber, I’m, They’d, “ Wati, Khan ’ —, we’re, He’d, who’d, Wati’s, Boston, they’d, Wati —, Kevin Costner’s, we’d, it’s, Wati Grossman —, Levis Strauss, Alex, Talia, Mike’s, Grossman, We’ve, he’s, they’re, we’ve Organizations: CNN, CNN Travel, Harvard Law School, Melbourne’s, National Gallery of Victoria, Star Trek, “, Australian Broadcasting Commission, Facebook, “ Technology, Sony, Radio, Melbourne University, Wati, Washington DC, New, Melbourne Botanic Gardens, Harvard Memorial Church, Harvard Memorial, Fashion Institute of Technology, Levis Strauss and Company Locations: Australia, Melbourne, Boston, California, San Francisco, American, Indonesian Australian, Indonesia, “, Wati, Radio Australia, Christmastime, New York City, Washington, New York, Botanic, United States, Hotel, Sydney, Sydney “, Silicon Valley, In California

☆ Advertisers are scrutinizing the value of AI tools as some early efforts fall flat
▼ + stars: | 2024-10-09 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

AdvertisementTwo years after OpenAI's ChatGPT and other chatbots launched, the advertising community's excitement over generative AI has come down to earth. The shift was evident at New York's Advertising Week, a four-day gathering this week that organizers expected 17,000 to attend. Last year, a Salesforce survey showed about three-quarters of marketers were or planned to use generative AI. Though enthusiasm about AI was tempered in the industry at this year's Advertising Week, there wasn't a widespread abandonment of the tech. Adtech company LiveRamp announced a pair of AI partnerships to help marketers find the right AI company for a given problem.

Persons: —, OpenAI's ChatGPT, Ashwin Navin, there's, Andrew Lipsman, I'm, Zaid Al, Qassab, He's, Let's, Samba's Navin, That's, NBCU, DoubleVerify, Nick Fairbairn, Joshua Nafman, it's, Nafman, Fairbairn, LiveRamp, Scott Howe, Howe Organizations: Publicis, WPP, Service, New, Samba, WPP —, Saatchi, Business, Google, Advertising, Media, Diageo

Minneapolis CNN —One state audit found that bonus checks intended for frontline workers during the pandemic were handed out to undeserving recipients. Another criticized a Minnesota state agency for failing to ensure there were no conflicts of interest in taxpayer-funded mental health and addiction programs. His fans were easy to find last month at the Minnesota State Fair, which drew nearly 2 million people this year. Republican state Sen. Mark Koran, second from right, speaks with constituents at the Minnesota State Fair. “We are troubled by MDE’s decision,” the auditor’s report said, using the acronym for the Minnesota Department of Education.

Persons: Tim Walz, Judy Randall, –, Walz, Randall, “, ”, Lisa Demuth, Elizabeth Flores, Sen, Mark, Governor Walz, Rick Hansen, Erik Biever, ” “ Tim Walz, Stephen Maturen, Willie Jett, Jett –, ” Walz, “ There’s, Mark Koran, CNN “ They’ve, they’ve, Dan Myers, ’, Blois Olson, he’s, “ They’re, ” Olson, Olson, Aimee Bock, Bock, Bock –, MDE, ” Andrew Luger, Glen Stubbe, Andrew Luger, ” Luger, Walz’s, Heather Mueller –, Jett, Ann, Keith Ellison, Scott Jensen, ” Jensen, “ Who’s, ” Miriam Ackerman, ” Randall, Democrat Mark Dayton –, Lisa Demuth CNN Walz, haven’t, Bill Walsh, Randall “, … you’re Organizations: Minneapolis CNN, Democratic Gov, CNN, of Public, Democratic, GOP, Twin Cities, Star Tribune, Getty, Republican, ”, Randall’s Office, Legislative, Minnesota State Fair, Gov, Minnesota Department of Education, Minnesota Star Tribune, Congressional Republicans, Democrats, Minnesota, Fair, University of Minnesota, Republicans, White, Democrat, FBI, Feds, Minneapolis TV, –, Department of Human Services, DHS, of, American Locations: Minneapolis, Minnesota, unaccountability, East

☆ Diddy now has a 3rd chance to seek bail, this time from the same judge overseeing Ticketmaster antitrust lawsuit
▼ + stars: | 2024-10-03 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

A new US district judge was announced Thursday in the Sean "Diddy" Combs sex-trafficking case. Judge Arun Subramanian is now in charge of Combs' case and a potential third bid for bail. Subramanian is the same Manhattan federal judge overseeing the DOJ's Ticketmaster antitrust action. AdvertisementA new federal judge has been assigned to the Sean "Diddy" Combs sex-trafficking case, and it's the same judge currently overseeing the Department of Justice antitrust case against Ticketmaster. US District Court Judge Andrew L. Carter, Jr., turned Combs down on his second court appearance.

Persons: Sean, Diddy, Combs, Arun Subramanian, Subramanian, —, Andrew L, Carter , Jr, Anthony Ricco, Ricco Organizations: Ticketmaster, Service, Department of Justice, US, DOJ Locations: Manhattan, Brooklyn, Miami

☆ A Hollywood producer's vandalized mansions recall a landmark case when graffiti artists won $6.75 million after their work was destroyed
▼ + stars: | 2024-09-29 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Graffiti on the mansions is similar to tags on other empty luxury properties in Los Angeles. The incidents recall a landmark case that granted street artists $6.75 million after their art was destroyed. AdvertisementSpray-painted tags similar to those on Los Angeles' iconic graffiti towers have appeared in another unlikely place in the City of Angels. The Los Angeles Times reported that the property owner has pledged to secure the mansions, clean the graffiti, and reimburse the city for any incurred costs. The artists ultimately won $6.75 million after their work was destroyed in a ruling affirmed by the US Appeals Court, The New York Times reported in 2020.

Persons: —, David McNew, John Powers Middleton, Bates, Middleton, it's, John S, Philip Morris, John P, Los Angeles Mayor Karen Bass, Andrew Lieb, Lieb, " Lieb, Mario Tama Organizations: Service, City of Angels, Hollywood, Los Angeles Times, LA Times, Philadelphia Phillies, CNBC, Phillies, Los Angeles Mayor, Business, Bel Air, NBC, Visual Artists, US, Court, The New York Times, Los Angeles Lakers, Bloomberg Locations: Los Angeles, City, Altria, Bel, NBC Los Angeles, New York, Angeles

☆ Trump Media insiders sell nearly 11 million shares after lock-up period expires
▼ + stars: | 2024-09-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A major Trump Media shareholder has sold nearly all of its company shares, an SEC filing showed. It's the first known sale of Trump Media shares following a September 19 lock-up expiry. AdvertisementTrump Media shareholder United Atlantic Ventures has sold nearly all of its stake in the company, amounting to nearly 11 million shares. The sale is the first known case of company insiders ditching Trump Media shares now that restrictions have expired. AdvertisementGiven how volatile the Trump Media stock is, UAV may have received anywhere between $128 million and $170 million for its sale.

Persons: —, Andrew Litinsky, Wes Moss, Donald Trump's, Moss, Trump, DJT Organizations: Trump Media, SEC, United Atlantic Ventures, Service, Social, UAV, Trump

☆ Trump Media stock jumps in heavy trading after co-founders dump DJT shares
▼ + stars: | 2024-09-27 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Shares of Trump Media were trading more than 6% higher as of 2 p.m. It was left with just 100 shares in Trump Media, which also owns former president Donald Trump's social media app Truth Social. Litinsky and Moss co-founded the social media company with Trump in 2021. The two have since fallen out with Trump and engaged in legal disputes with Trump Media over their shares. In previous regulatory filings, Trump Media has stated that the success of its sole product, Truth Social, depends on Trump's popularity and continued use of the platform.

Persons: Andrew Litinsky, Wes Moss, Donald Trump's, Litinsky, Moss, Trump Organizations: Trump Media, United Atlantic Ventures, Trump, Thursday's Securities, Exchange Commission, Nasdaq

The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker "DJT", in New York City, U.S., March 26, 2024. United Atlantic Ventures LLC, a major shareholder in Trump Media , has sold or otherwise gotten rid of more than 7.5 million shares in the company, according to a regulatory filing on Thursday. UAV, whose managing member is Andrew Litinsky, owned 7,525,000 shares of Trump Media as of March 25, which represented 5.5% of the then-outstanding shares in the social media company, according to the 13G filing with the Securities and Exchange Commission. Former President Donald Trump owns more than 56% of Trump Media shares, which trade under the ticker DJT on the Nasdaq. UAV received more than 7.5 million shares in late March, when Trump Media went public after completing its merger with the blank-check company Digital World Acquisition Corp.

Persons: Andrew Litinsky, Donald Trump, Wes Moss, Trump, Moss Organizations: Nasdaq, Truth Social, Trump Media & Technology Group, United Atlantic Ventures, Trump Media, Securities and Exchange Commission, Twitter, Facebook Locations: New York City, U.S

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger
▼ + stars: | 2024-09-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

That marks a real GDP growth rate of 51.1% between 2010 and 2021, meaning an economic contribution that's 2.7 times that of the non-Hispanic population. Despite those large figures, some economists think that U.S. Latinas could be contributing more to GDP than the report's figure. A growing forceWhen it comes to labor force participation, Latinas are outpacing other groups, the BofA report showed. Conversely, the non-Latino labor force growth rate was negative that year, meaning that more people left the labor force than entered it. "Whereas all Latinos are a source of economic strength, Latinas are drivers of vitality that the economy needs."

Persons: Manolo, Jeffrey Greenberg, Jeff Greenberg, Belinda Román, Mónica, Pérez, Matthew Fienup, David Hayes, Bautista, —, Latinas, Elise Gould, Andrew Lichtenstein Organizations: Miami, Universal, Getty, Bank of America, St, Mary's University, CNBC, Fayetteville State University, Latina, Center for Economic Research, California Lutheran University, Center, Latino Health, Culture, School of Medicine, UCLA, Drivers, Economic, EPI, Brooklyn Puerto Rico Day, Corbis Locations: Miami Beach , Florida, U.S, Florida, California , Texas, New York, Brooklyn, Bushwick, Brooklyn , New York

☆ Short seller Andrew Left surrenders on securities fraud charges in L.A., due in court
▼ + stars: | 2024-07-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

The activist short seller Andrew Left surrendered in Los Angeles on Monday to face federal criminal securities fraud charges, a spokesman for the U.S. Attorney's Office there said. Left, 54, is scheduled to appear before Magistrate Judge Rozella Oliver in U.S. District Court in L.A. at 4:30 p.m. ET, where the Citron Capital hedge fund boss is expected to be released after bail conditions are set by Oliver. "This should be Mr. Left released on his own recognizance," Spertus said. Left, who lives in Florida, was indicted last week on 19 criminal counts by a grand jury.

Persons: Andrew Left, Judge Rozella Oliver, Oliver, Left's, James Spertus, Spertus Organizations: U.S, Attorney's, CNBC Locations: Los Angeles, U.S, L.A, Florida

☆ Meet the mastermind behind 'Mamma Mia!' — the musical that's been playing in London for 25 years
▼ + stars: | 2024-07-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +9 min

"Mamma Mia!" AdvertisementBjorn Ulvaeus and Benny Andersson at the London premiere of "Mamma Mia! "Mamma Mia!" Dave M. Benett/Getty ImagesThe film's huge success meant a sequel was always on the cards — and "Mamma Mia! musical, Craymer had a stint as chair of Universal Music that spanned its stock market debut in September 2021.

Persons: —, Meryl Streep, Pierce Brosnan, Colin Firth, Judy Craymer, Mia, Craymer, Benny Andersson, Björn Ulvaeus, Abba, Tim Rice, Cramer didn't, Bjorn Ulvaeus, Wiktor Szymanowicz, Catherine Johnson, Phyllida Lloyd, Johnson, Lloyd, Andersson, Ulvaeus, I'm, — I'm, they're, Streep, Donna, Bertolt Brecht's, Courage, Ashley Lilley, Amanda Seyfried, Stellan Skarsgård, Julie Walters, Dominic Cooper, Dave M, Cher, Mamma Mia, Meryl, Pierce, Cameron Mackintosh, Andrew Lloyd Webber, Bruce Milton Miller, Richard East, Taylor Swift, Lucian Grainge, Michael Buckner Organizations: Service, Business, London, Cher, London's Guildhall School of Drama, Fairfax Media, Universal, Variety Locations: London, Swedish, New York, Cannes, North America, Sweden

☆ Short seller Andrew Left charged with fraud by prosecutors, SEC
▼ + stars: | 2024-07-26 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Federal prosecutors have criminally charged the well-known short seller and analyst Andrew Left with securities fraud related to allegedly using his public platform to illegally profit to the tune of at least $16 million from manipulating stock market activity contrary to positions he presented to the public from 2018 through 2023. The indictment notes that Left is a frequent guest commentator on CNBC and other business cable news channels. Prosecutors said that Left used Citron's online platform to comment on publicly traded companies and claim that their stock was incorrectly valued by the market. Left, who previously lived in Beverly Hills, California, is charged in the indictment with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. If convicted, he would face a maximum possible sentence of 25 years in prison for the securities fraud scheme alone.

Persons: Andrew, Citron, L.A ., Akil Davis Organizations: Andrew Left, Securities and Exchange Commission, Boca, Attorney's, SEC, CNBC, Los Angeles Field Office, Prosecutors Locations: Boca Raton , Florida, Los Angeles, U.S, L.A, Beverly Hills , California

☆ US prosecutors charge Andrew Left, a prominent short-seller, with fraud
▼ + stars: | 2024-07-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit. Short-sellers, including Left, often present themselves as researchers sniffing out misleading or fraudulent businesses through independently published reports on their targets. Left, 54, was charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. Each securities fraud count carries a maximum prison sentence of 20 years. Separately, the SEC on Friday accused Left and his firm of running a $20 million scheme to defraud his social media followers by publishing false and misleading reports.

Persons: Andrew Left, “, Citron, Left, ” Citron, ” Organizations: New, New York CNN, Federal, Justice, Left, Citron Research, Enron, Securities and Exchange Commission, SEC Locations: New York, California

☆ Prominent Short Seller Made Millions Off Bait-and-Switch Scheme, U.S. Says
▼ + stars: | 2024-07-26 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Federal prosecutors and securities regulators filed criminal and civil fraud charges against a well-known investor who frequently appeared on cable TV business shows to discuss his often bearish views on stocks, the authorities said on Friday. They accused the investor, Andrew Left, of raking in at least $16 million in illegal profits from a multiyear scheme to manipulate market prices of roughly two dozen stocks on which his firm, Citron Research, had published reports. He is charged with illegally profiting through stock trades he made that were contrary to the public recommendations he was making to investors. The authorities in Los Angeles said Mr. Left essentially used a bait-and-switch strategy that was at odds with his Wall Street reputation of being a vocal short seller, with supposedly long-held negative views of the stocks on which he published critical reports. The charging documents said Mr. Left, 54, used his high profile on Wall Street to make quick profits from big price changes in a stock and misled investors by making them believe his economic interests were aligned with what he said in his reports.

Persons: Andrew Left Organizations: Citron Research Locations: Los Angeles

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