DIRS.INFO The most relevant business & tech news

☆ Wall Street awaits Nvidia's earning report for clues about the chip giant's future
▼ + stars: | 2024-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, all eyes are on Nvidia's earnings report after the bell and what it says about the chip giant's future. As the world's top provider of AI chips, demand for Blackwell is a bellwether for the industry's appetite for continued investment in AI. Reports of Blackwell chips overheating spooked the market earlier this week. AdvertisementIt's another cost companies investing in AI chips need to consider in addition to the energy required to fuel them, which has been a headache for tech giants . Barclays trimmed earning estimates next year by as much as 10% for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.

Persons: Jocko, we've, Getty, Tyler Le, It's, Matthew Fox, Blackwell, Jensen Huang, —, BI's Emma Cosgrove, There's, hasn't, Howard Lutnick ANGELA WEISS, Howard Lutnick, Cantor Fitzgerald, Julian Robertson, Tiger hasn't, Goldman, Vivek Bantwal, Goldman Sachs, Rebecca Zisser, Rob Kim, Arturo Holmes, Chelsea Jia Feng, Trump's, Elon, colluding, Gary Wang, Sam Bankman, Gina Raimondo, Antony Blinken, Bill Hwang, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Retired Navy, Nvidia, Blackwell, Barclays, Getty, Trump, New, Tiger Management, Partners, Companies, Alexa, Uber, Ticketmaster, Apple, Google, DOJ, International Network of AI, Archegos Capital Management Locations: New York, Silicon, San Francisco, Chicago, London

☆ Honeywell jumps on activist push for a breakup. Here's our plan for the stock now
▼ + stars: | 2024-11-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The news Activist hedge fund Elliott Management on Tuesday disclosed a more-than-$5 billion stake in Honeywell —arguing the industrial conglomerate should consider a breakup. Elliott's position in Honeywell is its largest ever in a single stock, according to Bloomberg News, which first reported the activist's plans. The crux of Elliott's plan is a separation of Honeywell's aerospace and automation businesses into standalone companies. Honeywell's stock is up nearly 32% over the past five years compared with a 92% gain for the broader S & P 500 . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer isn't, Elliott, Honeywell —, Stacey Jones, Vimal Kapur, Jim, Honeywell, we've, We've, Jim Cramer's, Jim Cramer Organizations: Honeywell, Elliott Management, Bloomberg News, CNBC, Carrier, Wall, Robotics, Honeywell Intelligrated

☆ Bolster your portfolio for any Election Day outcome
▼ + stars: | 2024-11-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

With Election Day underway, income investors should soon find out how their portfolio may — or may not — be affected by the outcome. Harris has said she wants to boost the corporate tax rate to 28% and increase the top rate for long-term capital gains to 28% for those making more than $1 million. That means that those who are buying AMT bonds but not paying AMT are getting free income, he said. Lastly, a higher corporate tax rate could also spur banks and insurance companies to return to the muni market. The companies owned a lot of municipal bonds when the tax rate was 35% and many bought more corporate bonds when the tax rate fell to 21%, Brandon said.

Persons: Colleen Cunniffe, Donald Trump, Kamala Harris, Collin Martin, Martin, Trump, Harris, Dan Close, Craig Brandon, Brandon, Andrzej Skiba, Skiba, Schwab's Martin, Cunniffe, Cunniff, Darla Mercado Organizations: Vanguard, Wells Fargo Institute, Schwab Center, Financial Research, US, Treasury, —, munis, Morgan Stanley Investment Management, Investors, Trump, RBC Global, Management, Federal Reserve Locations: China, Nuveen, U.S

☆ Arizona is the epicenter of the debate over how Trump's mass deportation plan would hit the economy
▼ + stars: | 2024-10-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

Donald Trump proposed mass deportation to lower housing costs and boost job opportunities. AdvertisementThe mass deportation of people living in the US illegally has been one of the cornerstones of the Republican presidential ticket leading up to the November election. Many Democrats say mass deportations would hurt businesses and employment opportunities for all Americans, in addition to separating families and displacing millions of people. She told BI that a mass deportation would devastate the agriculture, construction, and hospitality industries. AdvertisementHow much a mass deportation would cost the governmentThe Trump campaign has talked little about how mass deportations could be implemented and on what scale.

Persons: Donald Trump, —, Trump, Kamala Harris, Biden, Harris, Douglas Nicholls, Nicholls, Regina Romero, Romero, " Romero, Duncan Braid, Braid, Davis, Chloe East, Taylor Rogers, Trump's, Rogers, hasn't, Marcus Noland Organizations: Service, Republican, Pew Research Center, Business, Pew Research, Trump, Immigration, Customs, American Compass, University of California, Brookings Institution, ICE, New York Times, American Immigration, Taxation, Economic, Manhattan Institute, FEMA, RNC, Peterson Institute for International Economics, American Immigration Council, Peterson Institute Locations: Los Angeles, Springfield, Aurora, Ohio, Colorado, Arizona, Yuma , Arizona, Mexico, Yuma, Tucson, Reading , Pennsylvania, US, Aurora , Colorado

☆ Elon Musk’s super PAC awards $1 million prizes to 2 registered voters, despite DOJ warning
▼ + stars: | 2024-10-25 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

CNN —Elon Musk’s super PAC awarded two $1 million prizes to registered voters in Michigan and Wisconsin on Thursday, after being warned by the Justice Department that the payments might be illegal. Musk, the CEO of Tesla and the richest man in the world, launched the sweepstakes on Saturday and his super PAC had named a winner each day – until Wednesday. The group has not provided any public explanation for the apparent one-day pause, and a spokesperson for the super PAC declined to comment. Federal filings show Musk has given nearly $119 million – including about $44 million in October – to America PAC, the super PAC he helped form to reelect Trump. He has said he hopes the sweepstakes will boost registration among Trump voters.

Persons: CNN — Elon, Donald Trump, Tesla, It’s, Musk, Josh Shapiro, reelect Trump, Trump, Betsy DeVos, Kamala Harris ’, CNN’s David Wright Organizations: CNN, CNN — Elon Musk’s, Justice Department, PAC, Trump, ”, Pennsylvania, Democrat, America PAC Locations: Michigan, Wisconsin, Pennsylvania, –

☆ China is trying to give investors the one major thing missing from its economic stimulus blitz
▼ + stars: | 2024-10-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

China is expected to announce extra fiscal policy support on Saturday. The lack of consumer support in China's last stimulus package disappointed investors. According to a Bloomberg survey, most analysts expect authorities to pledge $283 billion of fiscal stimulus at Saturday's highly anticipated press conference. Chinese authorities followed up by announcing Saturday's press conference, which promised to introduce new measures centered on fiscal policy. Some analysts remain less sure about what fiscal stimulus will actually achieve on its own, pointing out that Beijing needs to pursue structural reforms to revive consumer confidence.

Persons: —, Lan Fo'an, China's, Mark Williams, Stephen Roach, Arthur Kroeber, Gavekal Organizations: Bloomberg, Service, Finance, Analysts, CSI, Reform Commission, Capital Economics, Asia, Financial Times Locations: China, Beijing, Yale

☆ Microsoft faces disruption from AI, says outperforming fund manager dumping the stock
▼ + stars: | 2024-10-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

In 2023, the fund returned 30.7%, significantly outperforming its benchmark and the S & P 500, which was up 26%. Yiu's decision stems from his belief that Microsoft's business model is about to change significantly in light of the rise of generative AI. Microsoft has been leading the charge in generative AI adoption. The crux of the issue lies in the increased costs associated with providing AI services, according to the outperforming fund manager. Nvidia's chips, while readily available, allows the Silicon Valley company to capture much of the profit from generative AI services instead.

Persons: Stephen Yiu, Yiu, OpenAI Organizations: Microsoft, Growth, Growth Fund, CNBC Pro, Conference, Nvidia Locations: London

☆ Italy’s hard-right government set to send sea migrants to Albania in bid to curb arrivals
▼ + stars: | 2024-10-09 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +11 min

However, the court’s decision is non-binding and Italy and Albania are not prohibited by the ruling from going forward with the plans. That’s all, very normal variations during construction.”A general view of the reception center for migrants in Shengjin, Albania, on June 4, 2024. If they do not qualify for asylum, they will be deported to “safe” countries, according to the agreement between Italy and Albania. The cost comes to around 7.5% of what Italy currently spends on its migrant reception centers, Meloni said in June, speaking alongside Rama. Other listed “safe countries” include Egypt, Tunisia and the Ivory Coast, citizens of which make up a large portion of arrivals.

Persons: Rome, It’s, Gjader –, Matteo Piantedosi, There’s, Florion Goga, Piantedosi, Giorgia, Keir Starmer, “, ” Meloni, Meloni, Starmer, Rama, ” Rama, Giorgia Meloni, Adnan Beci, ’ ”, Alketa Misja, ”, ” Gianfranco Schiavone, Schiavone Organizations: Rome CNN, European Union, Court, Justice, Reuters, CNN, United Nations, Refugees, UNHCR, Interior Ministry, Meloni, Amnesty, Italy's, Albania's, Edi, Getty, AP, Migration, United Nations ’ International Organization for Migration, Union Locations: Albania, Italy, European, Albanian, Shengjin, Gjader, Agrigento, Sicily, Catania, Malta, Greece, Spain, Libya, Tunisia, Meloni’s, Rome, Europe, AFP, Italian, Bangladesh, Egypt, Ivory Coast, Afghanistan, Syria, Lezhe, Refoulement, North, Denmark

☆ Why WordPress founder Matt Mullenweg has gone 'nuclear' against tech investing giant Silver Lake
▼ + stars: | 2024-10-05 | by ( Ari Levy | ) www.cnbc.com time to read: +11 min

Automattic founder, Matt Mullenweg Source: AutomatticMatt Mullenweg, who turned 40 in January, has now spent more than half his life working on WordPress. Silicon Valley private equity firm Silver Lake bought a majority stake in WP Engine in 2018, investing $250 million and obtaining three board seats. WordPress took the drastic step of banning WP Engine from using the WordPress resources necessary to serve its customers, which preceded a lawsuit filed on Wednesday by WP Engine against Mullenweg and Automattic. In the post, Mullenweg criticized WP Engine for not contributing enough back to the WordPress ecosystem. A Silver Lake spokesperson said WP Engine was handling all inquiries.

Persons: Matt Mullenweg, He's, —, I've, Mullenweg, he'd, Neal Katyal, Tomasz Tunguz, Tunguz, Automattic, Lee Wittlinger, they're, didn't, Bob Perkowitz, Perkowitz, he's, They've, wouldn't Organizations: WordPress, WP, Silver Lake, CNBC, Theory Ventures, WordPress.org Locations: U.S, WordCamp, Portland , Oregon, Silver, Auotmattic

☆ China's massive stimulus is missing a key ingredient: a way to revive the nation's consumers
▼ + stars: | 2024-09-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +6 min

But the past week's stimulus blitz did not offer fiscal support to China's discouraged consumers. AdvertisementChina's latest stimulus blitz offers everything but one key fix: new incentives to revive consumers. While Tuesday's stimulus package didn't address fiscal support, Chinese officials appear to be getting around to it. Even if China commits to bigger fiscal support in the near term, it could be too late to change things this year, Huang said. For instance, Chinese consumers are staying away from new housing projects even as China has introduced looser mortgage rates and downpayment rules.

Persons: —, Liz Young Thomas, Tianlei Huang, Huang Organizations: Service, JPMorgan, Investment, Peterson Institute for International Economics, Reuters, Communist, Barclays, Bank of America Locations: China, Beijing

☆ How the Sean ‘Diddy’ Combs indictment compares to the R. Kelly sexual abuse cases
▼ + stars: | 2024-09-21 | by ( Dakin Andone | ) edition.cnn.com time to read: +9 min

Combs, meanwhile, was indicted in the Southern District of New York on three counts: racketeering conspiracy, sex trafficking and transportation to engage in prostitution. Members of the enterprise also witnessed acts of violence by Combs against the victims, it says. It was unclear whether Ventura reported any of the allegations of abuse to police and a federal lawsuit was later settled. Court sketch of Sean "Diddy" Combs in federal appeals court Wednesday, Sept 18., presided over by Judge Andrew Carter. The indictment against Combs outlines a number of alleged victims, women and sex workers among them, but does not say how many there are.

Persons: Sean “ Diddy ” Combs, Robert Sylvester Kelly, Combs, ”, Nadia Shihata, Kelly, ” Kelly, –, ” Robert Sylvester Kelly, Ann M, Donnelly, Christine Cornell, John Miller, ” Miller, ” Combs, Neama Rahmani, Casandra, Cassie ” Ventura, Ventura, ” Rahmani, Sean, Diddy, Judge Andrew Carter, ” “ He’s, ” CNN’s Eric Levenson contirbuted Organizations: CNN, of, of Illinois, Areva Martin, United States, Intelligence, Homeland Security Investigations, Southern District, of New York, West Locations: New York City, Eastern, of New York, York, Southern, New York, Illinois

☆ Gold has rallied ahead of Fed rate cuts. Here's why there could still be more upside
▼ + stars: | 2024-09-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Gold is already near the top of the 2024 range of outcomes projected by BlackRock Investment Institute, for example. Emerging market central banks have about 6% of their FX reserves in gold, and developed markets have about 12%. "Weaponizing dollar-based systems, including SWIFT , has led to more people, more countries specifically — more sovereign wealth funds and central banks — not trusting dollar-based assets as much. ETF flows As central banks have been bidding up gold, smaller investors were selling for much of this year. The VanEck Merk Gold ETF (OUNZ) and the Abrdn Physical Gold Shares ETF (SGOL) are the other funds with at least $100 million in net inflows this year, according to FactSet.

Persons: there's, Robert Minter, Minter, SWIFT, Lauren Goodwin, we're, Chris Verrone Organizations: Federal, Nasdaq, BlackRock Investment Institute, Abrdn, World Gold Council, U.S ., FX, United, Russia, New York Life Investments, MiniShares, Federal Reserve Locations: U.S, Abrdn . Central, Central, United States, Ukraine

☆ Russia begins efforts to expel Ukraine from Kursk but counter-attack is yet to gain momentum
▼ + stars: | 2024-09-14 | by ( Tim Lister | Kosta Gak | ) edition.cnn.com time to read: +8 min

Geolocated video shows that Russian units have retaken a couple of villages, but the situation remains fluid. Ukrainian President Volodymyr Zelensky has acknowledged the start of Russia’s counteoffensive and says it intends to deploy 60,000 – 70,000 troops in the Kursk region. An armed Ukrainian soldier stands on the street on September 10, 2024 in Sudzha, Kursk Region, Russia. There are also signs that Ukrainian units may be developing a new assault route into a different part of Kursk, near the town of Veseloe. War-displaced people spend time in a centre for displaced people in undisclosed location in Kursk region on August 29, 2024, following Ukraine's cross-border offensive into Russia's western Kursk region.

Persons: Volodymyr Zelensky, counteoffensive, –, Major, Pat Ryder, Oleg Palchyk, Wagner, ”, Robert Rose, Zelensky, Vladimir Putin, CNN’s Fareed Zakaria, ” Zelensky, Tatyana Makeyeva, Fareed Zakaria, Russia’s, Keir Starmer, Joe Biden, “, Biden, Rose, Matthew Schmidt, Schmidt Organizations: CNN, Ukraine, Defense, 51st Airborne Regiment, for, Russian, Getty, Modern, Institute, Washington DC, Biden Administration, NATO, Modern War Institute, University of New Haven, National Security, ” Locations: Kursk, Russia, Kursk “, Russian, Korenevo, Ukrainian, Sudzha, Kursk Region, Ukraine, Snahost, Veseloe, West, Donetsk, Pokrovsk, Kyiv, –, Washington, AFP, ” Kursk, Iraq

☆ 'Speak No Evil' remake star Scoot McNairy was onboard when he heard James McAvoy was in it. Then he watched the disturbing original.
▼ + stars: | 2024-09-13 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +4 min

How McNairy joined the 'Speak No Evil' remakeAlix West Lefler, Scoot McNairy, and Mackenzie Davis in "Speak No Evil" (2024). He was excited to collaborate with them both, and that prompted his interest in checking out the original movie, which BI reporter Eammon Jacobs previously named one of the best new horror movies of 2022. "I watched the original before I even read the James Watkins script," McNairy told BI. How the 'Speak No Evil' remake came aboutSo, how did the remake, released only two years after the original, come to pass in the first place? "Speak No Evil" is in theaters now.

Persons: —, Scoot, Louise Dalton, Mackenzie Davis, preteen Agnes, Alix West Lefler, James McAvoy, Ciara, Aisling, Ant, Dan Hough, Daltons, Paddy, they're, Ben, McNairy, Scoot McNairy, Susie Allnutt, Blumhouse, James Watkins, McAvoy, Eammon Jacobs, Watkins, Jason Blum, Blum, McAvoy's Organizations: Service, Business, Sundance Film, Universal Pictures, AMC, Blumhouse, Universal Studios Locations: Ben, London, Italy, Danish, Eden

☆ The S&P 500 falling 5% has historically been a good buy-the-dip opportunity, Goldman says
▼ + stars: | 2024-08-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Goldman Sachs said the decline in the S&P 500 is historically a good buying opportunity for investors. AdvertisementThe S&P 500's 6% decline over the past three days represents a great buying opportunity for investors, according to a note from Goldman Sachs strategist David Kostin. However, despite the decline, the S&P 500 is still up nearly 10% year-to-date and the sell-off sparked a reset in valuations, with the index's forward price-to-earnings multiple falling to 20x. Advertisement"Historical experience shows that investors typically profit when buying the S&P 500 index following a 5% sell-off," Kostin said. The crux of whether a 10% correction in the S&P 500 represents a solid buying opportunity for investors is whether the economy is on the verge of a recession.

Persons: Goldman Sachs, —, David Kostin, Warren Buffett, Kostin, Goldman Organizations: Apple, Service

☆ Elon Musk revives lawsuit against OpenAI and Sam Altman in federal court
▼ + stars: | 2024-08-05 | by ( Arjun Kharpal | Arjun Kharpal Is A Senior Correspondent For Cnbc In London. | ) www.nbcnews.com time to read: +2 min

Elon Musk has revived a lawsuit against Sam Altman in federal court, alleging that the Tesla boss was manipulated into co-founding OpenAI, according to a court filing published Monday. The claims in the new lawsuit are similar to another lawsuit filed by Musk against OpenAI and Altman in California this year, which the Tesla and SpaceX boss ultimately dropped. But as it turns out, this was all hot-air philanthropy—the hook for Altman’s long con,” the lawsuit claims. CNBC has reached out to Tesla, OpenAI and Microsoft for comment. “Over the course of the next few years and continuing to today, Microsoft methodically entrenched itself further into OpenAI,” the lawsuit alleges.

Persons: Elon Musk, Sam Altman, Tesla, “, ”, Altman, Greg Brockman, Musk, Brockman, ” “ Altman, Microsoft “, Satya Nadella Organizations: Microsoft, OpenAI, SpaceX, CNBC, Inc Locations: California, Northern California, OpenAI

☆ Elon Musk revives lawsuit against OpenAI, Sam Altman in federal court
▼ + stars: | 2024-08-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Elon Musk has revived a lawsuit against Sam Altman in a federal court, alleging that the Tesla boss was manipulated into co-founding OpenAI, according to a court filing published on Monday. The claims in the new lawsuit are similar to another lawsuit filed by Musk against OpenAI and Altman in California this year, which the Tesla and SpaceX boss ultimately dropped. But as it turns out, this was all hot-air philanthropy—the hook for Altman's long con," the lawsuit claims. CNBC has reached out to Tesla, OpenAI and Microsoft for comment. "While Musk expressed a liking for Microsoft's CEO Satya Nadella ... the values of the company and OpenAI, Inc. did not align," the lawsuit claims.

Persons: Elon Musk, Sam Altman, Tesla, Altman, Greg Brockman, Musk, Brockman, Satya Nadella, CNBC's Jordan Novet Organizations: Microsoft, OpenAI, SpaceX, CNBC, Inc Locations: Ankara, Turkiye, California, Northern California, OpenAI

☆ Solar stock Nextracker's strong quarter is eclipsed by backlog concerns — here's where we stand
▼ + stars: | 2024-08-01 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm's backlog of projects overshadowed its better-than-expected quarterly results. Scrutiny of Nextracker's revenue backlog came more into focus during Nextracker's conference call with analysts. That, in turn, impacts the pace at which Nextracker's backlog becomes reported revenue. With interest rate cuts on the horizon, the economics of solar projects should get a whole lot better. " Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Nextracker, Dan Shugar, Jim Cramer, Praneeth Satish, Howard Wenger, Wenger, Shugar, Jim, Jim Cramer's, Brandon Bell Organizations: Revenue, Club, Truist Securities, Microsoft, Fed, CNBC, Getty Locations: Fargo, Kayenta , Arizona

☆ AMD jumps on earnings report that validates our decision to reinvest in the stock
▼ + stars: | 2024-07-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

AMD sold off on its first-quarter earnings report due in large part to its MI300 sales guidance falling short of sky-high expectations. Nvidia remains the dominant player in AI chips, but AMD is continuing to carve out a lane in the rapidly expanding market. Among the highlights, Su said Microsoft has expanded its use of the AI chips for certain software applications, including messaging app Teams. AMD's data center business is now nearly 50% of companywide revenues, up from 37% in the fourth quarter of 2023. Within data center, sales of both AI chips and traditional server chips will grow in the third quarter, Su said.

Persons: Lisa Su, Su, Jim Cramer, it's, —, FactSet, Jim Cramer's, Jim, Cheng Organizations: Revenue, AMD, Intel, Nvidia, Broadcom, Club, Microsoft, CNBC, Micro Devices, Afp, Getty Locations: Taipei

☆ AT&T is telling customers they were hacked. Protecting data has been a big fight – from companies like AT&T
▼ + stars: | 2024-07-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

In a statement, AT&T said, “We have long supported a comprehensive federal privacy policy protecting all Americans that applies across the internet ecosystem. Currently, data privacy laws exist in 19 states covering at least 150 million Americans, though differing in scale and scope. Industry trade groups say that while cyber security and data privacy can be interrelated, there is tension between those concepts that might not be fully covered in a data privacy law. What it’s like trying to pass data privacy lawsWhen Collin Walke, a data privacy and cybersecurity attorney, was in the Oklahoma House, he focused on data privacy legislation. One lobby, the State Privacy & Security Coalition, represents AT&T, T-Mobile, Verizon, Meta, as well as automobile, healthcare and payment card companies.

Persons: It’s, “, ” Dominic Sellitto, ” Sellitto, They’re, Alan Butler, ”, Eric Noonan, ” Andrew Kingman, Collin Walke, ” Walke, ” Monica Priestley, ” Priestley, something’s, ” Noonan, ” Butler Organizations: New, New York CNN, FBI, Securities and Exchange Commission, Consumer, Big Tech, Social, University at Buffalo, Privacy, “, State Privacy, Security Coalition, Industry, Oklahoma House, Amazon, Google, Verizon, CNN, U.S, Privacy & Security Coalition, Mobile, Meta, “ Industries, Tech, Companies, FCC, Federal Communications Commission Locations: New York, “, Oklahoma, California, Vermont

☆ Jamie Raskin, a Key Democrat, Urged Biden to Reconsider Campaign
▼ + stars: | 2024-07-18 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Representative Jamie Raskin of Maryland, a key member of the House committee that investigated the attack on the Capitol on Jan. 6, 2021, sent President Biden a four-page letter this month that compared the 81-year-old commander in chief to a tiring baseball pitcher and urged him to consult with fellow Democrats about whether to continue his campaign. Mr. Raskin opened his letter, which was dated July 6 and was obtained by The New York Times, by writing that he shared Mr. Biden’s “mad love for American democracy and freedom.”The letter, the authenticity of which Mr. Raskin confirmed on Thursday, begins with nearly three pages of lavish praise for Mr. Biden. Mr. Raskin writes that he wishes to “remind you of your true greatness as a leader” and spends several paragraphs recounting Mr. Biden’s legislative achievements and defense of democracy. But the crux of the letter is a four-paragraph metaphor comparing the president to the Boston Red Sox pitcher Pedro Martínez, a Hall of Famer who was left on the mound for the eighth inning of Game Seven of the 2003 American League Championship Series despite being tired. Mr. Martínez allowed three runs, tying the game before the Yankees won with a walk-off home run in the 11th inning that denied the Red Sox a trip to the World Series, which they had not won in 85 years.

Persons: Jamie Raskin, Biden, Raskin, Biden’s, Mr, ”, Pedro Martínez, Martínez Organizations: Maryland, Capitol, The New York Times, Boston Red Sox, Famer, Yankees, Red Sox

☆ Supreme Court delivers blow to power of federal agencies, overturning 40-year-old precedent
▼ + stars: | 2024-06-28 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

A general view of the U.S. Supreme Court building in Washington, U.S., June 1, 2024. WASHINGTON — The Supreme Court on Friday overturned a 40-year-old precedent that has been a target of the right because it is seen as bolstering the power of "deep state" bureaucrats. It is the latest in a series of rulings in which the conservative justices have taken aim at the power of federal agencies. The ruling was 6-3 with the conservative justices in the majority and liberal justices dissenting. The Trump administration had embraced the war on "deep state" agency power, selecting judicial nominees in part based on their hostility to the federal bureaucracy.

Persons: WASHINGTON —, Chevron, John Roberts, Elena Kagan, Reagan, Magnuson, Trump, Gorsuch, Kavanaugh, Barrett, Joe Organizations: U.S, Supreme, WASHINGTON, Chevron, Natural Resources Defense, Liberal, Republican, Democratic, National Marine Fisheries Service, Stevens Fishery Conservation, Management, Trump Locations: Washington , U.S, New England

☆ As a gay Black man living in a conservative small town, wrestling and drag helped me find the courage to be myself
▼ + stars: | 2024-06-25 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

AdvertisementGrowing up in Murfreesboro, being this out, proud gay Black man was kind of just frowned upon. And Princey was just kind of this quiet individual who never really went around too much, and just did my own little thing. I just saw so much pageantry there, and so much charisma, and I was like, "This is kind of drag." Related storiesI thought my wrestling name was going to be "Princey," but my coaches were like, "Nah, not really." It was kind of like having a wrestling coach, but it was just my drag mom.

Persons: Princey, Priyanka, —, Brian Maxwell, Kerry Awful, Brian, Greg Endries, you've, that's Organizations: Service, Max, Business, Wrestling, Crux Wrestling, HBO Locations: Murfreesboro, Alabama

☆ I met my best friend of 16 years for the first time at her wedding. It felt like a reunion with an old friend.
▼ + stars: | 2024-06-22 | by ( Demi Drew | ) www.businessinsider.com time to read: +5 min

I met Miranda 16 years ago on a social networking website called Bebo; before Instagram and Tiktok, this is where many teens spent their time online. I lived in the Eastern Cape of South Africa, and Miranda lived in Virginia, US. We grew together, even thousands of miles apartI was 13 years old, and Miranda was 12 years old, and we were at the crux of growing up. AdvertisementMeeting Miranda for the first time felt like reuniting with an old friend. We talked like we had physically been in each other's lives for 16 years, not separated by thousands of miles.

Persons: —, Miranda, Demi, Booth, I've, I'd Organizations: Service, Business Locations: Eastern, South Africa, Virginia, United States, New York

☆ Opinion: Why Father’s Day always reminds me of my newborn daughter, a permeant marker and an angry nurse
▼ + stars: | 2024-06-14 | by ( Opinion Ed Manning | ) edition.cnn.com time to read: +5 min

She was sturdy, close to my height, and in the crux of her arms was my newborn daughter, Dylan. The nurse fixed her gaze on me without so much as a glance at my wife Reggie, the doctor or my daughter, who admittedly was not a viable suspect. We stood there for a tense moment — Reggie and the doctor looking confused, the nurse looking murderous and me looking innocent to the point of looking guilty, before the nurse unswaddled the blanket covering Dylan’s legs. Then that formidable nurse, someone I had never seen before, announced she was taking Dylan away to clean her up. “On the other hand,” I rebounded with conviction, “just try scrubbing that D off of her foot.”Manning's wife, Reggie, holds their baby daughter, Dylan.

Persons: Ed Manning, Dylan, “, Reggie, ” Manning naps, ”, Ed Manning “, Dylan Manning, Reggie sighed, I’m, Love Organizations: CNN, SWAT

Search resuls for: "Crux"

25 mentions found