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☆ Biden’s major missile reversal complicates potential western diplomatic thaw with Moscow
▼ + stars: | 2024-11-19 | by ( Kayla Tausche | Kevin Liptak | ) edition.cnn.com time to read: +6 min

But it also complicated the diplomatic dance leaders attending the G20 summit must partake in as they navigate the complex geopolitical dynamics of the bloc. Lavrov attended the G20 in place of Russian President Vladimir Putin, who faced questions about whether he could be arrested for war crimes on international soil. In his remarks at the close of the summit, Lavrov also hailed the German government’s refusal to send Taurus cruise missiles to Ukraine as a “responsible stance,” TASS reported. There had been hope among western officials of a strong statement denouncing Russia’s invasion at the conclusion of the summit. American officials were unsurprised to learn Moscow had updated its nuclear doctrine following Biden’s decision on long-range missiles.

Persons: Russia “, Sergey Lavrov, Lavrov, Vladimir Putin, Volodymyr Zelensky, Putin, –, Biden, Donald Trump, Olaf Scholz, Emmanuel Macron, It’s, Trump, Mike Waltz, “, ”, We’ve, I’m, Jon Organizations: Rio de Janeiro CNN, West, White House, ” TASS, Ukraine, NATO, Fox News, Trump Locations: Rio de Janeiro, United States, Ukraine, Russia, Russian, Rio ., Moscow, Rio, Florida, New Delhi

An army of political propaganda accounts powered by artificial intelligence posed as real people on X to argue in favor of Republican candidates and causes, according to a research report out of Clemson University. The network identified by the Clemson researchers included at least 686 identified X accounts that have posted more than 130,000 times since January. Many of the accounts were removed from X after NBC News emailed the platform for comment. In Arizona’s Republican congressional primary, the accounts supported Blake Masters over Abraham Hamadeh. A search on X for that hashtag shows only one other tweet, from 2018, has used it.

Persons: Donald Trump’s, Pepe, Darren Linvill, They’re, Frank LaRose, Bernie Moreno, Blake Masters, Abraham Hamadeh, didn’t, —, Sen, Sherrod Brown, ” OpenAI, Kai, Cheng Yang, ”, Yang, ChatGPT, Elon Musk, Musk, ” Linvill, Larry Norden, “ There’s, ” Norden, “, Norden, Clemson’s, Eric Hartford, Hartford Organizations: Republican, Clemson University, Clemson, NBC, NBC News, Democratic, Clemson’s Media, “, Ohio Republican Senate, Trump, GOP, Hamadeh, Northeastern University, Ohio Republican, Center for Justice, United, Social Locations: American, Montana , Pennsylvania, Wisconsin, Ohio, ”, China, Taiwan, Iran, Russia, Ukraine, United States, U.S

But Harris faces ongoing challenges in finding Muslim and Arab community leaders willing to publicly embrace her and risk blowback from their own constituents angered by the continued U.S. support for Israel’s war in Gaza and Southern Lebanon. Most Muslims have been reliable Democratic voters in recent years. How could you support a genocidal candidate?’” Osama Siblani, the publisher of the Dearborn, Michigan-based Arab American News, said of Harris endorsers. Stein’s vice presidential running mate, Butch Ware, a left-wing Muslim professor who has celebrated Hamas’ Oct. 7 terror attack, said Muslims who support Harris will burn in hell for it. “Throughout her career, Vice President Harris has been steadfast in her support of our country’s diverse Muslim community,” said Nasrina Bargzie, the campaign’s director of Muslim and Arab American outreach.

Persons: Mohammed Hassan, Kamala Harris ’, “, ‘, ’ ” Hassan, Hassan, Harris, “ They’re, They’re, ’, Osama Siblani, Harris endorsers, Siblani, ” Siblani, they’ve, Keith Ellison, Illhan Omar, Rashida, Trump, ”, Donald Trump, Ruwa Romman, Joe Biden’s, Romman, ” Romman, Jill Stein, Stein, Butch Ware, Nimrod, Pharoh, Caesar, Yazid, Hudhayfah Ahmad, Biden, Harris ’, Ro Khanna, Kamala Harris, ” “ We’re, ’ ”, Jim Zogby, Zogby, Hubert Humphrey, Lyndon Johnson’s, Walz, Biden —, Benjamin Netanyahu, Nasrina Bargzie Organizations: Michigan, Democratic, Arab America PAC, Harris, Democratic National Convention, Democrats, American Democrat, Georgia State Rep, Israel, National Arab American Convention, Green Party, Trump, Abandon, ”, Arab American Institute, longtime Democratic National Committee, Democratic Convention, Democrat, Washington Locations: Hamtramck , Michigan, Michigan, U.S, Gaza, Southern Lebanon, Dearborn , Michigan, Dearborn, Lebanese American, South, Minnesota, Palestinian, Hamtramck, Israel, Vietnam, Monaco, Selma , Alabama, Arab American

☆ A new documentary claims to have found Satoshi Nakamoto, the mysterious founder of bitcoin
▼ + stars: | 2024-10-08 | by ( Jon Sarlin | ) edition.cnn.com time to read: +13 min

CNN —The identity of bitcoin creator Satoshi Nakamoto has long been one of the biggest mysteries of the internet age. Yet the man that director Cullen Hoback’s film names as the 2009 founder of bitcoin is denying he is Satoshi Nakamoto. “For the record, I’m not Satoshi,” Peter Todd, a bitcoin core developer, told CNN in a statement. Hoback’s evidence includes a 2010 bitcoin message board post from Todd that he concludes was written by Satoshi Nakamoto. I gave Peter Todd every opportunity to contradict the claims, to explain the claims.

Persons: Satoshi Nakamoto, ”, Cullen Hoback’s, bitcoin, ” Peter Todd, Todd, “ Cullen, “ Peter, ” Hoback, Hoback, Satoshi Nakamoto’s, he’s, Cullen Hoback, You’re, Satoshi, It’s, Craig Wright, They’re, you’ve, Peter Todd, I’ve, Adam Back, Adam, Peter, Roger Ver, Let’s, Peter Todd’s, ” Todd, I’m, Todd “, ” “ He’s, “ Peter’s Organizations: CNN, HBO, Warner Bros ., ” CNN, Newsweek Locations: Latvia, Satoshi’s

☆ Nvidia employees said CEO Jensen Huang is 'not easy to work for.' He says that's how it should be.
▼ + stars: | 2024-04-30 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang has no qualms about being a demanding leader. Huang told "60 Minutes" that accomplishing "extraordinary" things requires hard work. AdvertisementNvidia CEO Jensen Huang has a reputation for being a formidable boss — and that's the way he likes it. In a recent interview with 60 Minutes, Huang was unsurprised when correspondent Bill Whitaker shared some of the words Nvidia employees used to describe the company's chief:"Demanding, perfectionist, not easy to work with," Whitaker said, citing people who work with Huang at the software company. This story is available exclusively to Business Insider subscribers.

Persons: Jensen Huang, Huang, —, Bill Whitaker, Whitaker Organizations: Nvidia, Service, Business

The reported death in prison of Alexei Navalny, Russian President Vladimir Putin’s most prominent political rival, sent shockwaves throughout Russia and the world on Friday – even if some were unsurprised by the outcome. “There is no doubt that the death of Navalny was the consequence of something Putin and his thugs did,” U.S. President Joe Biden said in remarks at the White House on Friday. The Latest Photos From Ukraine View All 91 ImagesHere is what you need to know about Navalny, his death and Russia’s handling of political prisoners. Who Was Alexei Navalny? Navalny later participated in several mass protests and lobbed criticisms more directly at Putin and other Kremlin officials.

Persons: Alexei Navalny, Vladimir Putin’s, Putin, Navalny, Joe Biden, “, ” Konstantin Sonin, ” Navalny, Yulia Navalnaya, Navalnaya, ”, Leonid Volkov, Navalny’s, Evan Gershkovich, Ilya Yashin, Vladimir Kara, Murza, Alexei Gorinov, Maria Ponomarenko – Organizations: White, overdevelopment, Associated Press, Reuters, Washington Post, University of Chicago, Ukraine, Munich, Russia’s Federal, Service, Nenets Autonomous, Tass, Wall Street Locations: Russian, Russia, U.S, Moscow, Ukraine, Belarus, Germany, Russia’s, Nenets, Nenets Autonomous District, Kharp, Bucha

☆ An Iowa school principal talked down the school shooter and tried to distract him so students could escape, his daughter says
▼ + stars: | 2024-01-06 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Perry High School Principal Dan Marburger was among those injured in the school shooting in Iowa. Marburger's daughter said he tried to distract the gunman to allow other students to escape. As her father recovers, Claire Marburger called for compassion toward the deceased gunman's family. AdvertisementAfter a school shooting in Iowa left two people dead and seven injured, the high school principal's daughter is commending her father's brave actions to distract the gunman. Among the injured was Perry High School Principal Dan Marburger, who the department said suffered multiple gunshot wounds and went to the hospital in critical condition.

Persons: Dan Marburger, Marburger's, Claire Marburger, —, Jolliff, Claire, Dylan, Butler, Claire Marburger's, Marburger Organizations: Perry High School, Service, Iowa Department of Public Safety, Facebook Locations: Iowa

☆ Ed Rendell: UPenn president Liz Magill made a 'mistake' but shouldn't be forced out
▼ + stars: | 2023-10-23 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

“I don’t think she is going to step down.”Magill did condemn antisemitism broadly before the Palestine Writes festival and noted that some speakers had a history of making antisemitic remarks. Indeed, some members of the UPenn faculty and even the UPenn Jewish community criticized Magill prior to the Sept. 22 Palestine Writes festival for being too critical of the event. Still, Magill’s handling of the Palestine Writes festival triggered a backlash from powerful donors in a campaign led by private-equity billionaire Marc Rowan. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian. Given the controversy over the Palestine Writes festival, Rendell is calling for the creation of an independent commission that would approve whether outside groups can access the UPenn campus.

Persons: Ed Rendell doesn’t, Rendell, Liz Magill, ”, Magill, ” Rendell, “, ” Magill, Marc Rowan, Dick Wolf, Jon Huntsman, David Magerman, Cliff Asness, ” Wolf, Ronald Lauder, Lauder, UPenn, Huntsman Organizations: New York CNN Business — Former, University of Pennsylvania, Ivy League, UPenn, CNN, Israel, “, Wolf Humanities Center, Daily, University Locations: Palestine, UPenn, Israel, Utah, Pennsylvania

☆ Sam Bankman-Fried replied 'Yep' when FTX's top lawyer told him there was no legal justification for taking customer funds, attorney testified
▼ + stars: | 2023-10-19 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

A top attorney for FTX testified Thursday in the trial of Sam Bankman-Fried. Can Sun said he was "shocked" by a $7 billion hole in FTX, while Sam Bankman-Fried was unsurprised. AdvertisementAdvertisementFTX's corporate attorney testified in court against his former boss, Sam Bankman-Fried, in Manhattan federal court on Thursday, sharing details about the company's bankruptcy in November 2022. Sun testified that Singh told him Bankman-Fried was unfazed when he confronted the CEO about the hole. Bankman-Fried told Singh something to the effect of: "It is what it is.

Persons: FTX, Sam Bankman, Sun, Fried, SBF, —, –, Singh, Nishad Organizations: Service, Alameda Research, Bankman, Prosecutors Locations: FTX, Manhattan, Alameda, Japan, Bahamas

☆ 'I'd been suicidal for days': Sam Bankman-Fried lieutenant testifies about immense pressure to keep FTX crypto scam going — before it all crashed
▼ + stars: | 2023-10-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

He testified at the Sam Bankman-Fried trial that he was 'suicidal' over the crypto scam. AdvertisementAdvertisement"I've always been intimidated by Sam," Singh testified Monday. Before the September 2022 realization that Alameda was taking FTX customer money, Singh had participated in fraudulent activity in other ways. When he returned, the FTX CEO told Singh that he believed he could get $5 billion more in investments, Singh testified. As the chaos continued to roil FTX, Bankman-Fried, Ellison, and other executives pointed fingers at each other while employees and customers demanded answers, Singh said.

Persons: Nishad Singh, Sam Bankman, —, Singh, Gary Wang, Caroline Ellison, Wang, Fried, unsurprised, Ellison —, Ellison, FTX wouldn't, he'd, Gabe Bankman, Adam Yedidia, Singh —, Ryan Salame —, Singh's, Sam, FTX, Mary Altaffer, Anthony Scaramucci, Seth Wenig, Salame —, funneling, Coindesk, FTX —, Binance, Jane Rosenberg Bankman, Bankman, I'd, roil Organizations: Service, Alameda Research, Bankman, Alameda, AP, Democratic, Prosecutors, REUTERS Locations: Alameda, FTX, Bahamas, Manhattan, New York, Bankman

☆ How Kim Jong Un’s meeting with Putin could shake up North Korea-Russia relations
▼ + stars: | 2023-09-12 | by ( Josh Smith | ) www.reuters.com time to read: +5 min

North Korean leader Kim Jong Un departs Pyongyang, North Korea, to visit Russia, September 10, 2023, in this image released by North Korea's Korean Central News Agency on September 12, 2023. “North Korea has basically been on its own, without any true allies,” said Artyom Lukin of Russia's Far Eastern Federal University. Early in his rule, Kim's relations with Beijing and Moscow were chilly, with both countries joining international sanctions against North Korea over its nuclear weapons and missile programs. The few reports in Chinese state media have referred only to official statements from Russia and North Korea on the meeting. "Trust is so low among Russia, North Korea, and China that a real alliance of the three isn’t credible or sustainable."

Persons: Kim Jong Un, Vladimir Putin, Kim Jong, Kim, Putin, Donald Trump, ”, Artyom Lukin, Russia's, Xi, John Delury, Kim Il Sung, Leif, Eric Easley, Easley, Josh Smith, Martin Quin Pollard, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, REUTERS, Rights, China -, Eastern Federal University, Studies, Yonsei University, Ewha University, Thomson Locations: Pyongyang, North Korea, Russia, Rights SEOUL, Moscow, Beijing, North Korea's, China, Ukraine, South Korea, Japan, China - U.S, Korea, United States, Russian, Vladivostok, Seoul

☆ Elon Musk threatens to sue the ADL for lost X ad sales
▼ + stars: | 2023-09-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —X owner Elon Musk is threatening to sue the Anti-Defamation League for defamation, claiming that the nonprofit organization’s statements about rising hate speech on the social media platform have torpedoed X’s advertising revenue. But the organization noted it recently met with X leadership, including CEO Linda Yaccarino, who Musk hired to help revive ad revenue. A #BanTheADL campaign has spread on X, and the ADL accused Musk of “lifting” the campaign. The ADL and other similar organizations, including the Center for Countering Digital Hate, have found that the volume of hate speech on the website has grown dramatically under Musk’s stewardship. Still, two brands last month paused their ad spending on X after their advertisements ran alongside an account promoting Nazism.

Persons: Elon Musk, Musk, Linda Yaccarino, Yaccarino, Jonathan Greenblatt, ”, ” Musk, X, CCDH, Imran Ahmed, ” Ahmed Organizations: New, New York CNN, Defamation League, Twitter, @ADL, ADL, Anti, Defamation, X, Center, CNN Locations: New York

☆ Elon Musk threatens to sue the Anti-Defamation League, claiming it is 'trying to kill' X, formerly known as Twitter
▼ + stars: | 2023-09-04 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +3 min

The hashtag #BanTheADL began trending after a meeting between X CEO Linda Yaccarino and ADL CEO Jonathan Greenblatt. Musk appeared to support the effort, claiming ADL is intentionally trying to sabotage X. The ADL has documented a rise in hate speech on X following Musk's acquisition last year. AdvertisementAdvertisementIn a series of posts on Monday, Elon Musk said X, formerly known as Twitter, may have no choice but to file a defamation lawsuit against the Anti-Defamation League (ADL). Musk claimed that the ADL is "trying to kill" the platform by "falsely accusing" him and it of being anti-semitic.

Persons: Linda Yaccarino, Jonathan Greenblatt, Musk, Elon Musk, Joseph Greenblatt, Keith Woods, Musk's Organizations: ADL, Anti, Defamation League, Twitter, @ADL

☆ When Your ‘Doppelganger’ Becomes a Conspiracy Theorist
▼ + stars: | 2023-08-30 | by ( Jennifer Szalai | More About Jennifer Szalai | ) www.nytimes.com time to read: +4 min

Klein was trapped inside a hall of mirrors, and she was trying to find a way out. Before writing about her doppelgänger, Klein felt stuck. Klein told her what she was going through: “I used to fill notebooks, you know, everywhere I went. As much as Klein recoiled at what Wolf was saying, she also felt the sting of recognition. (In an email, Wolf declined to comment on “Doppelganger,” explaining that she hadn’t yet read the book, but said that some of her tweets “were poorly worded and were deleted.”)

Persons: Klein, Hurricane, ”, Biden, V, Eve Ensler, Harriet Clark, ” Clark, Joan Didion’s “, Covid, “, hadn’t, ” Klein, Philip Roth, Wolf, tweeting, Naomi, Tucker Carlson, nodded Organizations: Rutgers University Locations: New Jersey, British Columbia

☆ Sex in self-driving cars: Passengers are reportedly hooking up in San Francisco's driverless taxis
▼ + stars: | 2023-08-15 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

Riders are reportedly using San Francisco's self-driving taxis, operated by Cruise, to hook up. A 2018 study predicted that more autonomous vehicles could mean more sex on the road. With no one in the front seat driving, some people are using self-driving taxis for a little bit more than just transportation. A 2018 study by Scott Cohen and Debbie Hopkins in the Annals of Tourism Research journal predicted that passengers might use robotaxis for sex. "Hotels-by the hour are likely to be replaced by connected and autonomous vehicles (CAVs)," the researchers wrote.

Persons: Cruise, Waymo, Alex, he's, Megan, Scott Cohen, Debbie Hopkins, Elon Musk Organizations: Cruise, San Francisco, California Public Utilities Commission, Tourism Research, Tesla Locations: San Francisco, California, robotaxis

☆ Global heat in ‘uncharted territory’ as scientists warn 2023 could be the hottest year on record
▼ + stars: | 2023-07-08 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

It works like this: As the world burns fossil fuels and pumps out planet-heating pollution, global temperatures are steadily warming. David J. Phillip/APWhile the record temperatures may have been expected, the magnitude by which some have been broken has surprised some scientists. Historically, global heat records tend to topple in El Niño years, and the current record-holder, 2016, coincided with a strong El Niño. The world gets hung up on blockbuster records but “these heat records are not exciting numbers,” she told CNN. CFOTO/Future Publishing/Getty ImagesUnheeded warningsFor climate scientists, this is the “I told you so” moment they never wanted.

Persons: –, Jennifer Francis, ” Carlo Buontempo, Copernicus, “, we’ve, ” Francis, El, ”, Friederike Otto, Andres Matamoros, David J, Phillip, Peter Stott, There’s, Robert Rohde, ” Otto, Prashanth Vishwanathan, Niño, El Niños, ” Stott, Otto said, “ Organizations: CNN, Climate Research, World Meteorological Organization, Grantham Institute, Climate, UK’s Met, ”, Bloomberg, Getty, Publishing Locations: Europe, Antarctica, Pacific, El, Houston, Berkeley, Patna, Bihar, India, Texas, Mexico, China, Beijing, Northern, Zhonghua, Handan, North China's Hebei

☆ Ukraine, U.S. agree: counteroffensive creeps ahead, measured in blood
▼ + stars: | 2023-07-01 | by ( ) www.cnbc.com time to read: +3 min

"War on paper and real war are different. In real war, real people die. He added, "What I had said was this is going to take six, eight, 10 weeks, it's going to be very difficult. watch nowLast week, Ukrainian President Volodymyr Zelenskiy said the counteroffensive was "slower than desired", without getting too specific. Ukraine's President Volodymyr Zelenskyy attends a joint press conference with Lithuanian President Gitanas Nauseda and Polish President Andrzej Duda, amid Russia's attack on Ukraine, in Kyiv, Ukraine June 28, 2023.

Persons: Hanna Maliar, Mihail Ostrogradski, Mark Milley, Volodymyr Zelenskiy, Zelenskiy, RTVE, Volodymyr Zelenskyy, Gitanas Nauseda, Andrzej Duda, Alina Smutko Organizations: Brigade, Anadolu Agency, Getty, National Press Club, Reuters, NATO, Kyiv, U.S, Lithuanian Locations: Storozheve, Donetsk, Ukraine, Moscow, Kyiv, U.S, Washington, Russia, Lithuania, Spanish

☆ Ukraine, US agree: counteroffensive creeps ahead, measured in blood
▼ + stars: | 2023-06-30 | by ( Olena Harmash | ) www.reuters.com time to read: +4 min

[1/2] Students of the school for drone pilots Dronarium Academy practice during a lesson, amid Russia's attack on Ukraine, in an undisclosed location, Ukraine, June 30, 2023. REUTERS/Alina SmutkoJune 30 (Reuters) - Ukraine has been publicly cautious in counting gains in a counteroffensive it launched this month to reclaim territory occupied by Russian forces, and on Friday its president and a U.S. general acknowledged that progress is measured in blood. In real war, real people die. After pushing Russian forces out of northern regions last year, Ukraine took steps to tighten the defense of its border with Belarus, a close ally of Russia. But at the end of the day, Ukrainian soldiers are assaulting through minefields and into trenches" against Russia's much larger army.

Persons: Alina Smutko, Mark Milley, Volodymyr Zelenskiy, Zelenskiy, Hanna Maliar, RTVE, Yevgeny Prigozhin, Alexander Lukashenko, Prigozhin's Wagner, Milley, Olena Harmash, Michael Martina, Elaine Monaghan, Grant McCool Organizations: Dronarium Academy, REUTERS, National Press Club, Reuters, NATO, Kyiv, U.S, Russian, Thomson Locations: Ukraine, U.S, Washington, Russia, Lithuania, Spanish, Kyiv, Spain, Belarus, Asipovichi, Minsk, Russian

☆ Hedge fund industry insiders say Two Sigma's unusual risk disclosure was years in the making
▼ + stars: | 2023-06-27 | by ( Rebecca Ungarino | Kaja Whitehouse | ) www.businessinsider.com time to read: +6 min

Two Sigma, the successful quant hedge fund, is dogged by two cofounders who don't get along. Disagreements between Overdeck and Siegel only surfaced publicly for the first time last week. The disclosure was highly unusual for a hedge fund since they generally have much lighter disclosure requirements than their public counterparts, experts say, making the filing all the more notable. The firm has been known mainly as a premier quantitative hedge fund since its founding. Then when it comes to planning for the next generation of leaders to take over from hedge fund founders, the transition can be difficult.

Persons: John Overdeck, David Siegel, Overdeck, Siegel, Mark Pickard, Jonathan Hitchon, Sarah Jacobs, Kevin Mullally, Mullally Organizations: Sigma, Street Journal, Overdeck, Wall Street, Business, University of Central Locations: New York, Manhattan's SoHo, University of Central Florida

☆ The Fed just held interest rates and signaled future hikes at the same time – a move that baffled many. Here's how Larry Summers, Mohamed El-Erian, and others have reacted.
▼ + stars: | 2023-06-17 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

The Fed pressed pause on its interest-rate increases this month after boosting borrowing costs 10 times since early 2022. The move spurred a wave of commentary given the central bank at once held rates and signaled more hikes. "It seems like the unanimity of opinion that we need more rate hikes has been clear, but the path of rate hikes is all over the place," he added. "It was what I would call, an awkward but hawkish pause," he added. Peter Schiff, chief global strategist at Euro Pacific Capital"Don't believe the hype on the Fed's hawkish pause on rates.

Persons: Larry Summers, Mohamed El, David Rosenberg, Jeff Gundlach, —, Jerome Powell, Summers, Erian, Tom, Dick, Harry, " Rosenberg, Gundlach, Steve Forbes, Forbes, Don't, Richard Clarida, they've, they're, Clarida, Whitney Watson, Watson, Peter Schiff, Schiff Organizations: Fed, Service, Federal Reserve, Bloomberg, Erian, Allianz, CNBC, Federal, Global, Goldman Sachs, Euro

☆ Still-hawkish Fed pauses rate tightening after 10 straight hikes
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +13 min

While the market expected a hawkish pause, this is even a little bit more hawkish than market participants anticipated and that’s why you’re having a negative reaction in risk assets. So, it does suggest that the Fed is looking to tighten policy further, but the big question is can the Fed credibly commit to two more rate hikes if they just decided to actually hold rates steady. And what is the threshold for further rate hikes? “GEORGE YOUNG, PORTFOLIO MANAGER, VILLERE & CO, NEW ORLEANS"This a pregnant pause, meaning that they said they're going to pause hikes today but they're going to increase later. ANGELO KOURKAFAS, SENIOR INVESTMENT STRATEGIST, EDWARD JONES, ST LOUIS"We're seeing a more hawkish pause.

Persons: QUINCY KROSBY, Powell, He’s, BRIAN JACOBSEN, MENOMONEE, ” ANDRZEJ SKIBA, ” GENNADIY GOLDBERG, they’ve, ” ELLEN HAZEN, Logan, Waller, “ GEORGE, ANGELO KOURKAFAS, EDWARD JONES, They've, MICHAEL BROWN, hawkishly, WHITNEY WATSON, GOLDMAN, “, STOVALL, ” PAUL NOLTE, MICHAEL JAMES Organizations: YORK, Federal Reserve, Federal, U.S, RBC, CPI, PPI, Powell &, Cleveland Fed, Global Finance, Markets, Thomson Locations: U.S, CHARLOTTE, NC, WISCONSIN, WELLESLEY , MASSACHUSETTS, ORLEANS, GOLDMAN SACHS, Manheim, ALLENTOWN, CHICAGO

☆ Hillary Clinton: Durham interviewed former Secretary of State on alleged plan to tie Trump to Russia, found no 'provable criminal offense'
▼ + stars: | 2023-05-15 | by ( Evan Perez | ) edition.cnn.com time to read: +2 min

The special counsel was looking into whether any crimes occurred in the handling of an uncorroborated piece of US intelligence indicating Russia knew of a Clinton campaign plan to vilify her opponent, Trump, by tying him to the country. During the Trump administration, Director of National Intelligence John Ratcliffe released some of Brennan’s notes about the intelligence used in his briefing of former President Barack Obama. Ratcliffe publicly said that the intelligence community never corroborated the Russian claims of a “Clinton Plan” to frame Trump, and didn’t know whether it was fabricated. In her interview with Durham’s investigators, Clinton expressed sympathy for Durham’s hunt. Durham concludes that it would be impossible to prosecute anyone for their handling of the intelligence.

☆ FDIC sells most of failed Signature Bank to Flagstar
▼ + stars: | 2023-03-19 | by ( David Goldman | ) edition.cnn.com time to read: +1 min

New York CNN —A week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar Bank, a subsidiary of New York Community Bank. New York Community Bank bought substantially all of Signature’s deposits and a total of $38.4 billion worth of the company’s assets. That includes $12.9 billion of Signature’s loans, which New York Community Bank purchased at a steep discount -— it paid just $2.7 billion for them. New York Community Bank also paid the FDIC stock that could be worth up to $300 million. That’s likely why New York Community Bank was unwilling to take on all Signature’s assets.

☆ George Santos' ex-roommate called him 'the Anna Delvey of Queens' for lying his way into Congress
▼ + stars: | 2023-01-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

George Santos' former roommate compared him to the fraudster Anna Sorokin, aka Anna Delvey. Sorokin was jailed in 2019 after posing as a heiress to gain access to New York's social elite. "George Santos is whoever you want him to be at whatever time you want him to be. I called him the Anna Delvey of Queens," said Gregory Morey-Parker, speaking to CBS News. Delvy is the name Sorokin used while enacting her con.

☆ Jamie Dimon says bitcoin itself is a 'hyped-up fraud'
▼ + stars: | 2023-01-19 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Bitcoin and other cryptocurrencies have been an unnecessary distraction for investors and the industry is rife with scams, JPMorgan Chase CEO Jamie Dimon said Thursday. "I think all that's been a waste of time... Bitcoin itself has been a hyped-up fraud, a pet rock," Dimon said on CNBC's " Squawk Box ." The hype around this thing has been extraordinary," Dimon said, pointing to FTX and controversies surrounding other crypto firms like Tether. "Blockchain is a technology ledger system that we use to move information. ... That is a technology ledger that we think will be deployable," Dimon said.

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