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☆ New Hampshire shelter faces ‘enormous’ breeding problem after man surrenders nearly 1,000 mice
▼ + stars: | 2024-11-17 | by ( Raja Razek | ) edition.cnn.com time to read: +3 min

CNN —When an overwhelmed man came to a New Hampshire animal shelter last week hoping to surrender 150 mice, shelter employees were ready to assist. But now, the shelter is facing an “enormous” breeding problem, the director said – because the man didn’t have just 150 mice. “When he first arrived, he said he had 150 mice,” said Lisa Dennison, executive director of the New Hampshire Society for the Prevention of Cruelty to Animals. “The breeding of the mice has just created this enormous problem for him,” Dennison told CNN on Sunday. “With a gestation period of just around 20 days, mice can reproduce at an alarming rate.”Staff and volunteers attend to surrendered pet mice at the New Hampshire SPCA.

Persons: ”, Lisa Dennison, ” Dennison, “, ” NHSPCA, NHSPCA, Savannah Alcero, Charles Krupa, Lexi Giannopoulos, Dennison, Elisha Murray, Kelly, Dee, “ We’ve, Doug, Daryl Organizations: CNN, New Hampshire Society for, Sunday, ” Staff, New, New Hampshire SPCA, Associated Press Locations: New Hampshire, Savannah, Stratham , New Hampshire

On the right, familiar conspiracy theories about voting popularized by President-elect Donald Trump continued to circulate. NewsGuard said there was “no evidence” that Starlink was used to interfere with the presidential election in Trump’s favor. As the 2024 election results were reported, social media users on the left began to speculate about Musk’s role in vote counting. “Kamala Harris left us a breadcrumb,” one TikTok user said about the updated language on the fund’s website in a video that received over 700,000 views. CISA responded to this speculation on its website’s “Rumor vs. Reality” resource, where it has debunked election misinformation.

Persons: Donald Trump, Kamala Harris, Sam Howard, NewsGuard, Elon Musk’s, Starlink, Max Read, ” Read, “, ”, denialism, ” NewsGuard’s Howard, ” Howard, Howard, Trump, weren’t, Musk, Joe Rogan, Theo Von, Harris, “ Starlink, Elon Musk, Jen, “ Kamala Harris, CISA Organizations: President, Facebook, NBC, Institute for Strategic, NBC News, Trump, Conservative, “, Cybersecurity, Infrastructure Security Agency, Fund, Republicans, Street Journal, Democratic National, Harris, Democratic Party, FBI Locations: NewsGuard’s U.S, U.S, Wisconsin, Trump’s, Pennsylvania, California

Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday, according to a spokesman for the Bureau of Prisons. The federal Probation Department had recommended that Judge Lewis Kaplan sentence Ellison to three years of supervised release, with no time behind bars. Kaplan allowed Ellison to remain free on bail until surrendering to prison either on or after Nov. 7. He was sentenced to 25 years in prison in March and also was ordered to pay $11 billion in forfeiture by Kaplan. Both Bankman-Fried and Ellison had faced the same statutory maximum sentence of about 110 years in prison for their crimes.

Persons: Caroline Ellison, Sam Bankman, Ellison, Lewis Kaplan, Kaplan, FTX spiraled, I've, Miss Ellison, Nishad Singh, Fried Organizations: Alameda Research, Bureau of Prisons, federal, Department Locations: New York, Connecticut, Alameda, Fried . Alameda, FTX, U.S, Manhattan

☆ FTX’s Nishad Singh gets no jail time for role in crypto fraud
▼ + stars: | 2024-10-30 | by ( Mackenzie Sigalos | Mackenzie Sigalos Is A Technology Reporter For Cnbc With A Focus On Cryptocurrency | ) www.nbcnews.com time to read: +4 min

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. Just before the hearing began, Singh was alone, pacing the elevator bank, as he rehearsed his statement from a single printed page. In March, Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion. Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May.

Persons: Nishad Singh, Singh, Judge Lewis Kaplan, FTX, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, ” Nicolas Roos, Singh “, Roos, Judge Kaplan, “, Gabe, ”, ” John Ray, Ray, Ryan Salame, Gary Wang Organizations: New, Alameda Research, Southern, of, Prosecutors Locations: Alameda, Bankman, of New York, Manhattan, Bahamian

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. He asked Judge Kaplan to show Singh "the same compassion he has shown others his entire life." Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May. WATCH: Caroline Ellison sentenced to two years in prison for role in FTX collapse

Persons: Nishad Singh, Claire Watanabe, Singh, Judge Lewis Kaplan, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, Nicolas Roos, Roos, Judge Kaplan, Gabe, John Ray, Ray, Ryan Salame, Gary Wang, FTX, — CNBC's Dan Mangan Organizations: Engineering, Exchange, New, Alameda Research, Southern, of, Prosecutors Locations: New York, Alameda, Bankman, of New York, Manhattan, Bahamian

As Wall Street financiers snapped up huge swaths of the nation’s rental housing market in recent years, the deals sailed through unchallenged. But large purchases of rental homes and apartment buildings by private equity firms like KKR are another cause, research shows. The Private Equity Stakeholder Project, a nonprofit that monitors the industry’s impact on individual Americans, has identified more than 5,100 apartment complexes owned by more than 30 private equity companies in America, totaling almost 1.4 million units. Jim Baker, executive director at the Private Equity Stakeholder Project, welcomes the scrutiny the senators are bringing to the KKR transaction. More than two-thirds of the apartment units in those states are owned by private equity, he said.

Persons: Sen, Elizabeth Warren, ” Warren, Raphael Warnock of Georgia, Peter Welch of, Ron Wyden, Kamala Harris, Ohio Sen JD Vance, Donald Trump’s, Noelle Porter, Noelle Porter Noelle Porter, Porter, “ They’ve, ” Porter, “ We’ve, we’ve, Fannie Mae, Freddie Mac, Jim Baker, Washington — Organizations: Wall Street, KKR, NBC News, Harvard University’s, for Housing Studies, Harvard, Income Housing Coalition, Ohio, Companies, Equity, Housing, Financial Reform, Financial, National Housing Law, Navy Yards, Washington , D.C, Brookfield Properties, Asset Management, District of Columbia, Federal Trade Commission, Brookfield, Federal Housing Finance Agency, Private Locations: Peter Welch of Vermont, Oregon, United States, U.S, Puerto Rico, America, Washington ,, California , Colorado , Florida, Georgia, North Carolina , New Jersey , Texas, Washington

☆ US to evacuate 20 embassy staff from Haiti following car attack and intensifying gang violence, say sources
▼ + stars: | 2024-10-24 | by ( David Culver | Abel Alvarado | ) edition.cnn.com time to read: +3 min

CNN —Violence is intensifying in Haiti’s capital, Port-au-Prince, this week, which saw a United Nations helicopter hit by gunfire and two gangs apparently target US embassy vehicles. Thursday’s helicopter shooting will “likely” cause US airlines to halt their operations once again in Port-au-Prince, the second source told CNN. Last March, major US carriers like Spirit, JetBlue, and American Airlines suspended their operations at Port-au-Prince’s international airport for nearly three months after a sudden spike in gang violence. Gang violence in Haiti has spiraled in recent years, with attacks becoming more brazen and violent. Members of the “Gran Grif” gang used automatic rifles to kill at least 70 people in an attack that displaced 6,000 people, said a UN agency at the time.

Persons: “ Chen Mechan, ”, Shaza Moghraby, Toussaint, CNN’s Caitlin Hu, Tara John Organizations: CNN, United Nations, Food Programme, UN, WFP, JetBlue, American Airlines Locations: Port, Haiti, ”, Caribbean

☆ Diddy's children break their silence on his arrest and compare the accusations to 'conspiracy theories'
▼ + stars: | 2024-10-22 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +4 min

Sean "Diddy" Combs is awaiting trial on federal charges of sex trafficking, racketeering, and more. AdvertisementAs Sean "Diddy" Combs awaits trial in jail on three felony charges, including sex trafficking, his children are standing united behind their father. AdvertisementThe photo shows all six children with their father, plus Combs' mother, Janice Small Combs; Combs' seventh child, a 1-year-old daughter named Love Sean Combs; and Love's mother, Dana Tran. Combs, the millionaire rap entrepreneur and founder of Bad Boy Records, has been charged with racketeering conspiracy, sex trafficking, and transportation to engage in prostitution. Kim Porter and Sean Combs in 2018 with their four children: D'Lila, Christian, Quincy, and Jessie.

Persons: Sean, Diddy, Combs, —, Quincy Brown, Justin Combs, Christian Combs, Chance Combs, D'Lila Star Combs, Jessie James Combs, Janice Small Combs, Love Sean Combs, Dana Tran, Kim Porter, Sean Combs, Jessie, Charley Gallay, Porter, — Quincy, Jessie — Organizations: Service, Bad Boy Records, Metropolitan Detention, Netflix Locations: New York's, Christian, Quincy

The musician Florence Welch, photographed in London on July 5, 2024. For nearly two decades, Florence Welch’s songs have offered a mythic view not only of pop music but of the glories and rages of being a female artist today. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. An aversion to definition is a great gift to an artist like Welch. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

Persons: Florence Welch, Valentino, Luis Alberto Rodriguez, Vanessa Reid FLORENCE, Florence Welch’s, Inanna, Enheduanna, Jane Hirshfield PROPHETESS, “, Kaveh Akbar, I’ve, Welch, they’re, enormity, Madame Blavatsky, ”, Fleetwood, Taylor Swift, William Morris, Evelyn Welch’s, Vanessa Reid, Welch wouldn’t, who’ve, Nick Cave, Patti Smith, Stevie Nicks, Tom Waits, Jeff Buckley, Sam Cooke, Otis Redding, ” Welch, Ganavya Doraiswamy, who’s, Welch’s —, Doraiswamy, Uyir, Federico García Lorca’s, it’s, Shakespeare, Mozart, Toni Morrison, Lorca, It’s, Jack Antonoff, she’s, Chanel, Nick Welch, Sebastians, she’d, dryly, Bugsy Malone ”, Grace, squats . Welch, Isabella Summers, hasn’t, didn’t, Fiona Apple, Kate Bush, Regina Spektor, Annie Lennox, Joanna Newsom, Sinead O’Connor, thrall, ’ She’s, Gustav Klimt, who’d, Jimi Hendrix, Janis Joplin, Jim Morrison, Kurt Cobain, She’d, Dave Grohl, Scott Fitzgerald’s, Thomas Bartlett, Nico Muhly, Yoko Ono, Sufjan Stevens, Nick Carraway’s, Jay Gatsby, —, hadn’t, spiraled, Louis Vuitton, John, John Singer Sargent, Sargent, Miss Elsie Palmer ”, I’d, “ I’ve, Britney Spears, Dolly Parton, ” I’d, de Wilde, ” de Wilde, Julia Margaret Cameron, Leonora Carrington, Remedios Varo, Loie Fuller, Ellen Terry, Lady MacBeth ”, ’ ” Welch, they’d, King ”, King, Elvis Presley, revel, Ovid, Apollo, preternaturally, Anthony Turner, Thom Walker, Afra Zamara, Jack Symes, Sam Hearn, Daiki Tajima, Federico Covarelli, Emily Rose Lansley, John Allan, Samanta Falcone, Ollie Kariel, Pip Long, Karen Avenell, Andreea Georgiana Rădoi, Sam Wright Organizations: Machine, YouTube, Enheduanna, University of Bristol, Smiths, Big, Camberwell College of Arts, Foo Fighters, American, Theater, Antonoff, Tate, John Singer, Jolly, Art, Digital Locations: London, FLORENCE, Camberwell, South London, Florence, Florida, ”, Camberwell —, British, Tamil, Spanish, Strasbourg, dyscalculia, Toronto, squats ., Cambridge, New York City, Tate Britain, American, “

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Chanel coat, price on request, (800) 550-0005; Valentino tights (worn underneath), $1,000; and Welch’s own dress, headband and jewelry. An aversion to definition is a great gift to an artist like Welch. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Chanel coat, price on request, (800) 550-0005; Valentino tights (worn underneath), $1,000; and Welch’s own dress, headband and jewelry. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

☆ The Greats: Florence Welch, Lorna Simpson, Jonathan Anderson and Theaster Gates
▼ + stars: | 2024-10-17 | by ( The New York Times | Lauren Groff | ) www.nytimes.com time to read: +37 min

The musician Florence Welch, photographed in London on July 5, 2024. For nearly two decades, Florence Welch’s songs have offered a mythic view not only of pop music but of the glories and rages of being a female artist today. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

☆ How Florence Welch Turned Rage Into Power
▼ + stars: | 2024-10-17 | by ( Lauren Groff | The New York Times | ) www.nytimes.com time to read: +37 min

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. In the latter part of the song, Welch raises her voice in a long howl of rage. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

☆ U.N. peacekeepers in Lebanon will not give in to Israeli demand to 'get out of harm's way'
▼ + stars: | 2024-10-15 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +4 min

His comments came after the U.N. Security Council expressed “strong concern” following the attacks in a statement issued after emergency closed consultations on Lebanon. Although it did not name either Israel, Lebanon or Hezbollah, the statement which was read by Swiss U.N. Vehicles from the UNFIL force patrol in Marjayoun in southern Lebanon on Saturday. In the backdrop of its invasion of Lebanon, Israel is also weighing up its response to the missile barrage launched by Iran earlier this month, sparking fears that a massive retaliation could stoke a wider regional conflict. Satellite imagery shows what appears to be Israeli tanks surrounding a UNIFIL base near Maroun Al Ras in southern Lebanon earlier this month.

Persons: Jean, Pierre Lacroix, Antonio Guterres, Lacroix, Pascale Baeriswyl, Israel, Benjamin Netanyahu, ”, Andrea Tenenti, Joe Biden’s, Netanyahu, Joe Biden Organizations: United Nations, United Nations Interim Force, . Security, U.N, UNIFIL, Vehicles, Saturday, AFP, Getty, Israel, stoke, Planet, The Washington Post Locations: Lebanon, Israel, “, New York, Swiss, Iranian, Gaza, Marjayoun, UNIFIL, Iran, Maroun Al Ras, The Washington, United States

☆ I used to trauma dump on my dates because alcohol made me lose control of my emotions. Sobriety saved my dating life.
▼ + stars: | 2024-10-15 | by ( Jamie Valentino | ) www.businessinsider.com time to read: +5 min

When I realized my drinking was the problem, I got sober, and it saved my dating life. I used to struggle to stop my mouth from outrunning my brain, spilling my life story and everything that kept me up at night — especially when it came to trauma dumping on dates. Related storiesI blamed trauma dumping on my personality rather than my excessive drinkingIt felt embarrassing to present myself as a dumpster of emotional turmoil, especially as a writer. Last year, my drunk trauma dumping reached a pathetic climax when I began pouring my heart out about being an alcoholic. Even from thousands of miles away, it felt more intimate than the few face-to-face dates we had while I was drinking.

Persons: —, might've, should've, I should've, I've Organizations: Service Locations: Miami, New York

☆ I'm a tech founder who's had to flee Lebanon. The conflict has spiraled at a terrifying rate, but the tech community is still pressing ahead.
▼ + stars: | 2024-10-14 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

It exposed me to the amount of tech talent in the region. I felt guilty about leaving my team behind, but I'm determined to keep platforming tech talent in Lebanon and support the people who want to keep working. Many people don't know Lebanon has a vibrant tech sceneIn recent years, the tech sector in Lebanon has been booming. On multiple occasions, I'd leave Beirut to stay with friends in the mountains during the night. AdvertisementI didn't want to leave Lebanon and my team, but the UK government were urging British nationals to leave.

Persons: Laura Jardine Paterson, —, I'd, I've, we've, there'd, there's, Paterson, I'm, They've Organizations: Service, Tech, Business Locations: Lebanon, London, Palestinian, Syrian, Europe, Syria, Egypt, Jordan, UAE, Beirut, Israel, Southern Lebanon

The terror attack has helped push the Middle East to the brink of a wider regional war. One year after the massacre, the Middle East has only plunged deeper into violence and is on the brink of a broader war. Globally, the immediate concern is that oil supplies will diminish significantly should conflict spill over to the rest of the Middle East. Everyone but Biden can see this," wrote Andrew Exum, a former US deputy assistant secretary of defense for Middle East policy, in The Atlantic last week. The global economy on edgeWhen the conflict began a year ago, there were fears that wider conflict in the Middle East could impact the global economy.

Persons: —, Israel, Chuck Frielich, Frielich, Yemen's Houthi, Mohammed Hamoud, barraged, Ammar Safarjalani, Ismail Haniyeh, Haniyeh, Fuad Shukr, Hasan Nasrallah, Qasem Soleimani, JOSEPH EID, JALAA MAREY, Nasrallah, bode, Benjamin Netanyahu, Carmel Gat, Netanyahu, Joe Biden, Biden, Andrew Exum, Brent, Vladimir Putin Organizations: Service, Israel Defense Forces, Hamas, Iranian Revolutionary Guard Corps, The Washington Institute for Near East, Getty Images Iran, Getty, Israel's, United Nations General Assembly, Citigroup, Iranian, US, Middle, Business, Bank of Israel, Reuters, IMF Locations: Israel, Iran, Gaza, Suez, Aden, Red, Palestine, Syria, Damascus, Xinhua, Tehran, Beirut, Haniyeh, Shukr, Lebanon, AFP, Hezbollah's, United States, Ukraine

☆ FTX creditors will make money on bankruptcy: $1.19 for every dollar
▼ + stars: | 2024-10-07 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday. Ray, who also shepherded Enron through bankruptcy, added that the estate is working to finalize arrangements to make distributions to creditors around the world. FTX previously estimated that it owes creditors around $11.2 billion. According to the plan approved by Delaware bankruptcy Judge John Dorsey, 98% of FTX's creditors will get 119% of the amount of their allowed claim as of November 2022, when the exchange filed for bankruptcy protection. The bankruptcy estate says it will make a separate announcement about the date the payout plan will go into effect and when it anticipates the start of distributions.

Persons: FTX spiraled, John Ray, Ray, John Dorsey, FTX, Sam Bankman, Fried, — CNBC's Dan Mangan, Caroline Ellison Organizations: Enron, Alameda Research, Amazon Locations: Delaware, Anthropic

☆ Bailey Sharp, 23, was killed after plotting California man's murder; co-conspirators sentenced to life, as seen on Dateline
▼ + stars: | 2024-10-04 | by ( Tim Stelloh | Rebeccah Glaser | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +11 min

For years, Jeff Sharp often relied on the same refrain when he came upon an addict. The only reason Bailey wasn’t charged in Hilbert’s murder, Zois told “Dateline,” is because she is dead. A lawyer for Bischoff disputed this account, telling “Dateline” that his client had nothing to do with Hilbert’s murder. Bailey Sharp, 23, was killed weeks after Justin Hilbert's murder. And without that money, the arrangement between Bischoff, Bailey and Serrano fell apart in the weeks that followed.

Persons: Jeff Sharp, Sharp, —, ”, Bailey, Bailey Sharp, Justin Hilbert —, — Bailey, Amy Zois, Zois, Jared Bischoff, Bischoff, Danny Serrano, Bailey wasn’t, Ericka Sharp, “, Ericka, Jeff, it’s, ” Jeff, he’d, ” Ericka, hadn’t, Tonya Reppe, Justin Hilbert, Hilbert, Bailey —, Serrano, Bailey’s, Lance Stoyer, Justin Hilbert's, Reppe, Stoyer, Hilbert —, she’d, Ricky, Bischoff’s, ” Zois, Dateline ”, Cathy, Steve Hudson Organizations: Seattle Police, Riverside, Former Navy, “ Dateline, ”, Zois, Sheriff’s, Facebook, NBC, “, Dateline, Sharps, “ Dateline ” Locations: Southern California, Riverside County, Riverside, Inland, Riverside , Calif, Seattle, California, Texas, she’d, Palm Springs

It should be a proportional response,” Biden told reporters Wednesday following a virtual call with leaders from the Group of 7 industrialized nations. The administration currently assesses it’s unlikely Israel would target Iran’s nuclear sites, though one senior official said Israel still hasn’t decided on where it might strike. Biden said Wednesday he does not support an Israeli attack on Iranian nuclear facilities. “The answer is no,” he responded when questioned about the prospect of Israel launching a retaliatory strike on sites related to Iran’s nuclear program. “Iran is a destabilizing, dangerous force in the Middle East, and today’s attack on Israel only further demonstrates that fact.”

Persons: Joe Biden, Israel, Biden, “, ‘, ’, Benjamin Netanyahu, ”, Netanyahu “, Kurt Campbell, ” Campbell, ” Biden, hasn’t, Netanyahu, Antony Blinken, Hashanah, Kamala Harris —, —, Harris Organizations: CNN, Israeli, Hamas, West Bank, Hezbollah, Democratic Locations: Israel, retaliating, Iran, Lebanon, “ Iran, Gaza, United States, Isfahan

☆ Why oil prices have plunged 3% today
▼ + stars: | 2024-09-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Saudi Arabia is committed to boosting oil output in December, the FT reported. The kingdom is resigning itself to a period a lower prices, sources told the FT.Oil markets spiraled on the news, falling as much as 4% on Thursday. AdvertisementA report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday. In essence, the kingdom is giving in to lower prices, FT sources said. The eastern-based faction has committed to reopening the country's oil fields in response, a move that could bring more crude output back online.

Persons: —, Brent Organizations: FT ., Service, Financial Times, West Texas Intermediate, Saudi, Bloomberg Locations: Saudi Arabia, Riyadh, Iraq, Kazakhstan, China, Libya

☆ Caroline Ellison, former FTX exec and Sam Bankman-Fried's ex-girlfriend, sentenced to 2 years in prison
▼ + stars: | 2024-09-24 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Caroline Ellison, whose testimony helped convict her former boss and ex-boyfriend, disgraced cryptocurrency mogul Sam Bankman-Fried, was sentenced Tuesday to two years in prison for fraud and conspiracy. Ellison, 29, accepted a plea deal to charges of conspiracy and financial fraud in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried was convicted of all seven criminal fraud charges against him and sentenced to 25 years in prison. Lawyers for Ellison had asked that she be sentenced to time served and supervised release, citing her cooperation. Ryan Salame, a former top lieutenant of Bankman-Fried, was the first of the FTX executive team to be sentenced.

Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis A, Kaplan, FTX spiraled, Fried, Prosecutors, John Ray, disentangling, FTX, Ryan Salame, Nishad Singh, Gary Wang Organizations: FTX, CNBC, Bankman, U.S, Alameda Research, Super Bowl Locations: U.S, Manhattan, Bahamas, Washington, Caribbean, Bankman

Defense lawyers also had requested a no-prison sentence for Ellison, who had run Alameda Research , a hedge fund connected to FTX. Kaplan allowed Ellison to remain free on bail until she surrenders to prison either on or after Nov. 7. He was sentenced to 25 years in prison in March and also was ordered to pay $11 billion in forfeiture by Kaplan. On Tuesday, before sentencing Ellison, Kaplan contrasted her conduct after she was charged with that of Bankman-Fried. Both Bankman-Fried and Ellison had faced the same statutory maximum sentence of about 110 years in prison for their crimes.

Persons: Ellison, Lewis Kaplan, Caroline Ellison, Sam Bankman, Kaplan, I've, Miss Ellison, FTX spiraled, Ellison's Organizations: Alameda Research, federal, Department Locations: New York, U.S, Manhattan, FTX

☆ Caroline Ellison is a math whiz, trader, and shadow figure behind FTX's collapse. She's being sentenced for her role in the fraud case.
▼ + stars: | 2024-09-24 | by ( Lakshmi Varanasi | Grace Dean | Huileng Tan | ) www.businessinsider.com time to read: +1 min

Caroline Ellison was the CEO of Alameda Research, a trading firm launched by Sam Bankman-Fried. She oversaw bets Alameda took with customer funds. She will be sentenced for her role in the fraud case on Tuesday. In August 2022, Ellison became the head of Alameda Research, Bankman-Fried's trading firm that was closely intertwined with his fallen crypto exchange, FTX. By November, as FTX swiftly spiraled into bankruptcy, Ellison began to draw attention for her role in overseeing the risky bets Alameda took with customers' funds.

Persons: Caroline Ellison, Sam Bankman, —, Ellison, FTX Organizations: Alameda Research, Alameda, Service, Business

Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley's artificial intelligence darlings. In the past year, funding for AI companies by Middle-Eastern sovereigns has increased fivefold, according to data from Pitchbook. Few venture funds have deep enough pockets to compete with the multibillion-dollar checks coming from the likes of Microsoft and Amazon . MGX was launched as a dedicated AI fund in March, with Abu Dhabi's Mubadala and AI firm G42 as founding partners. For the U.S., having sovereign wealth funds invest in American companies, and not in global adversaries like China, has been a geopolitical priority.

Persons: Goldman Sachs, Prince Mohammed bin Salman's, Uber, LIV, UAE's Mubadala, MGX, Abu Dhabi's Mubadala, Anthropic, Andreessen Horowitz, Jamal Khashoggi, It's, Bpifrance, WeWork spiraled, Jared Cohen, there's Organizations: United, CNBC, Microsoft, Gulf Cooperation Council, Saudi Public Investment Fund, Abu, Abu Dhabi Investment Authority, Qatar Investment Authority, BlackRock, Global Infrastructure Partners, Saudi, U.S, Saudi Company, Artificial Intelligence, Washington Post, SoftBank, Goldman Sachs Global Institute Locations: Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Pitchbook, Abu Dhabi, Temasek, Singapore, China, UAE

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