DIRS.INFO The most relevant business & tech news

☆ Traders see the odds of a Fed rate cut by September at 100%
▼ + stars: | 2024-07-16 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

Traders are now 100% certain the Federal Reserve will cut interest rates by September. That put the annual inflation rate at 3%, the lowest in three years. Odds that rates would be cut in September were about 70% a month ago. The CME FedWatch Tool computes the probabilities based on trading in fed funds futures contracts at the exchange, where traders are placing their bets on the level of the effective fed funds rate in 30-day increments. Fed Chairman Jerome Powell's recent hints have also cemented traders' belief that the central bank will act by September.

Persons: Jerome Powell, Jerome Powell's, Powell Organizations: Bank, Financial, Federal, U.S, Capitol, Washington , DC, Traders, Federal Reserve, Fed Locations: Washington ,

☆ An Airbus A380 flying to London turned back when the powerful scent of laundry detergent made people feel sick and dizzy
▼ + stars: | 2024-07-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

The flight from Washington, DC, to London Heathrow made an emergency landing in Boston. The scent was later found to have come from five pallets of laundry beads in the cargo hold. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA British Airways Airbus A380 had to turn around after an "overpowering scent" of laundry detergent filled the plane, making people feel sick and dizzy, the Transportation Safety Board of Canada said. Data from Flightradar24 shows the superjumbo jet was flying from Washington, DC, to London Heathrow on July 7 when it U-turned over Newfoundland before landing at Boston.

Persons: — Organizations: British Airways, London Heathrow, Service, British Airways Airbus, Transportation, Board, Canada, Business Locations: Washington, London, Boston, Newfoundland

☆ Who is Usha Vance, the wife of Trump’s running mate?
▼ + stars: | 2024-07-15 | by ( Arit John | ) edition.cnn.com time to read: +4 min

His wife, Usha, has been by his side through it all. As the Ohio delegation chanted her husband’s name on the Republican convention floor in Milwaukee, Usha Vance stood beside the first-term senator and applauded as he was nominated by voice vote to be Donald Trump’s running mate. Now, with JD Vance as Trump’s vice presidential nominee, the couple has embarked on a journey even bigger than the 2022 Senate campaign in Ohio. If his 2022 Senate campaign is any indication, Usha Vance may play an understated but key role in helping introduce him to the public. In his 2016 memoir, “Hillbilly Elegy,” JD Vance described her as his “Yale spirit guide,” helping him navigate life at the elite university where they met.

Persons: CNN — JD Vance, Usha, Usha Vance, Donald Trump’s, Weeks, wasn’t, ”, “, JD Vance, MAGA, he’s, Newsmax, ” JD Vance, – Usha Vance’s, Usha Chilukuri, – Brett Kavanaugh, John Roberts, Olson, –, “ Usha Organizations: CNN, Republican, Fox News, Trump, Senate, Yale University, Yale, University of Cambridge, Appeals, District of Columbia Circuit, Tolles Locations: Ohio, Milwaukee, Yale, Kentucky, San Diego, Munger, Los Angeles, San Francisco, Washington, DC, clerkships

☆ Why Google is ready to risk a DC battle to land a potential $23 billion deal
▼ + stars: | 2024-07-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The deal could be worth as much as $23 billion — and would mark an extraordinary moment for Wiz. Wiz, which was valued at $12 billion after announcing a $1 billion fundraising in May, puts "cloud security" front and center. Thomas Kurian is CEO of Google Cloud. Analysts at Wedbush including Dan Ives said in a research note that a Wiz deal "would clearly bolster the Google cloud offering and value proposition to enterprises."

Persons: —, Morgan Stanley, Blackstone, Assaf Rappaport, Harry Murphy, That's, Thomas Kurian, Dan Ives, Sen, Richard Blumenthal Organizations: Service, Street Journal, Israeli military's Unit, Business, Wiz, Google, Amazon, Microsoft, FTC, Big Tech Locations: New York

CNN —A federal judge on Monday dismissed the classified documents case against Donald Trump, a shock ruling that clears away one of the major legal challenges facing the former president. In a 93-page ruling, District Judge Aileen Cannon said the appointment of special counsel Jack Smith violated the Constitution. She did not rule on whether Trump’s alleged mishandling of classified documents was proper or not. Even though a trial before the presidential election was considered highly unlikely, many legal experts had viewed the classified documents case as the strongest one of the four cases that were pending against the former president. Smith had charged Trump last year with taking classified documents from the White House and resisting the government’s attempts to retrieve the materials.

Persons: Donald Trump, Aileen Cannon, Jack Smith, ” Cannon, Cannon, Trump, ”, Smith, –, Clarence Thomas, James Pearce, “, Justice Department “, it’s Organizations: CNN, Republican National Convention, Truth Social, Justice Department, White, Trump, DOJ, United, United States Attorney Locations: Washington , DC, Georgia, New York, United States

There may be a path for Smith to revive the case, Cannon noted in her ruling, and Smith can appeal the decision. Cannon left open a potential pathway in her ruling for the classified documents case to be revived. (He is being prosecuted by a separate special counsel, David Weiss.) And during the Trump-Russia investigation, multiple Trump allies similarly attempted to derail special counsel Robert Mueller’s work. Former Attorney General Edwin Meese and Citizens United argued the same, writing that Smith’s appointment “severely undermines” the constitutional order.

Persons: Donald Trump’s, Aileen Cannon, Jack Smith, General Merrick Garland, Smith, Cannon, Trump, “, ”, ” Cannon, Garland, Bill Barr, John Durham, Smith’s, it’s, Clarence Thomas The, Clarence Thomas, Thomas ’, Thomas, John Roberts, wasn’t, ” Thomas, Steve Vladeck, Joe Biden’s, Hunter Biden, David Weiss, Robert Mueller’s, James Pearce, Cannon’s, Edwin Meese, ” “ Organizations: Washington CNN, Trump, Republican National Convention, Republican, Justice Department, Senate, United, United States Attorney, Defense, Treasury, The, Prosecutors, CNN, Georgetown University Law Center, FBI, Former, Citizens United Locations: Milwaukee, United States, California, Delaware, Russia, Virginia, Washington, DC, Mar

☆ Aileen Cannon’s nuking of the Trump documents case continues her trend of embracing long-shot legal theories
▼ + stars: | 2024-07-15 | by ( Tierney Sneed | ) edition.cnn.com time to read: +8 min

She said Smith was unconstitutionally appointed as special counsel and that the funding of his office also violated the law. “It’s not just that this is an extreme argument about the Appointments Clause of the Constitution, it’s that it’s one that exactly one Supreme Court justice has endorsed and lots of precedent refutes,” said Steve Vladeck, a CNN Supreme Court analyst and professor at Georgetown University of Law. And Cannon’s opinion left open the possibility that the charges could be revived if brought by the Justice Department in a way not reliant on the current special counsel infrastructure. In other special counsel cases, defendants have not even bothered to bring the long-shot claims. The special counsel office has not yet weighed in on Cannon’s decision.

Persons: Aileen Cannon, Jack Smith’s, Donald Trump, Smith, Trump, –, It’s, ”, Steve Vladeck, Clarence Thomas, coronate Trump, Monday’s, Michael Moore, “ She’s, Moore, Obama, Clarence Thomas Just, Cannon, Thomas ’, Thomas, Robert Mueller’s, David Weiss ’, Hunter Biden, “, Justice Thomas, Mark Schnapp, it’s, ” Vladeck Organizations: CNN, Trump, CNN Supreme, Georgetown University of Law, Justice Department, Republican National Convention, House, Saturday, “ CNN, Appeals, Supreme Locations: Fort Pierce , Florida, Washington ,, South Florida, Robert Mueller’s Russia

☆ What CNN’s reporter saw on the ground when Trump was attacked
▼ + stars: | 2024-07-14 | by ( Alayna Treene | Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

CNN —CNN reporter Alayna Treene covers Donald Trump and was at his rally in Butler, Pennsylvania, when shots rang out on Saturday. We had just gone live right at the top of 6 p.m. and had begun listening to Donald Trump. ‘Could this be part of the program?’ One woman I spoke with today — her name was Renee — she was saying she was directly behind Donald Trump, on the stands behind him, and she had said she didn’t really understand what was happening until she saw Donald Trump go down. Something really bad is happening.’Video Ad Feedback Harrowing details of the attempt to assassinate Donald Trump 03:15 - Source: CNNWhat happened next? A campaign rally site for Donald Trump is empty and littered with debris Saturday, July 13, in Butler, Pennsylvania.

Persons: Alayna Treene, Donald Trump, CNN’s Zachary Wolf, Donald Trump’s, ‘, there’s, Brendan McDermid, Jabin, Joseph Meyn, Renee —, didn’t, Wolf Blitzer, ‘ You’ve, ’, Evan Vucci, cordoning Organizations: CNN, Washington Post, Service, Secret Service, Trump, DC Locations: Butler , Pennsylvania

☆ Trump's shooting puts scandal-plagued Secret Service under the biggest microscope yet
▼ + stars: | 2024-07-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Read previewThe Secret Service has been at the center of scandals in recent years. AdvertisementTrump's ear was pierced by a bullet; a rallygoer near the president was killed before Secret Service agents shot and killed the would-be assassin. US Secret Service agents stayed at this hotel in Cartagena, Colombia, when several agents were found to have solicited prostitutes ahead of then-President Barack Obama's visit. Two Secret Service agents, who had 'likely' been drinking, crashed a car on the White House grounds. Secret Service later apprehended him.

Persons: —, indiscretions, Donald Trump, Trump, Joe Biden, Biden, Sunday he's, Mike Johnson, Mark Green, Alejandro Mayorkas, Reagan, Barack Obama's, Manuel Pedraza, Obama's, Obama, Carol D, Leonnig, Mark Sullivan, Omar J, Gonzalez, Barack Obama, Julia Pierson, Pierson, Marc Connolly, John Roth, Connolly, George Ogilvie, Jonathan T, Tran, Mike Pence, Pence Organizations: Service, Business, Secret, Sunday, Republican, Homeland Security, Tennessee Republican, Homeland, Homeland Security Department, Secret Service, Getty, Agents, NPR, House, White House, The New York Times, Presidential, Division, Guardian, CNN, White, The Washington, Capitol Locations: Pennsylvania, Tennessee, Cartagena , Colombia, AFP, Colombia, Americas, USSS, Washington, DC

☆ The Supreme Court is sending some mixed signals about executive power
▼ + stars: | 2024-07-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

Advertisement"So that is, in theory, taking power away from unelected officials," Justin Crowe, a professor of political science at Williams University who researches the Supreme Court, told Business Insider. With Corner Post, Entin said, the Supreme Court created a statute of limitations that, from the standpoint of federal agencies, never really expires. But the Court didn't stop at giving itself the reins to interpret regulations that federal agencies are beholden to. In the Trump case, the Supreme Court offered Trump broad immunity for some of his acts concerning his January 6 election interference case. In the July 6 episode of Slate's Supreme Court analysis podcast "Amicus with Dahlia Lithwick," Senior Court Reporter Mark Joseph Stern said the Court spent this term expanding its power and "restructuring representative democracy to make it less representative and less democratic."

Persons: —, Raimondo, Reagan, presidentially, Justin Crowe, wouldn't, Loper, Jonathan Entin, Entin, Ruth Bader Ginsburg, Ketanji Brown Jackson, Trump, Tanya Chutkan, Dahlia Lithwick, Mark Joseph Stern Organizations: Service, Loper Bright Enterprises, Inc, Governors, Federal Reserve System, Business, Chevron, Environmental Protection Agency, Congress, Williams University, EPA, Securities Exchange Commission, of Health, Human Service, Case Western Reserve University, Federal Reserve Board, Supreme, DC Circuit, Federal, Trump v ., Trump, DC Locations: Chevron, Trump v, Trump v . United States

☆ The West finally allowed Ukraine to strike back at Russia — and it seems to be working
▼ + stars: | 2024-07-14 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +10 min

The newly granted permission by the United States and other allies to use Western weapons to strike inside Russia has had a huge impact, Bankir said. While Kyiv hasn’t managed to reclaim large swathes of territory, it has successfully averted what could have been a disaster: The occupation of Kharkiv, Ukraine’s second city. “(Russia) knew that Ukraine did not have the capacity to strike these targets on the Russian territory,” Melnyk said. While Ukraine was previously able to strike targets inside Russia using Ukraine-made drones, ATACMS make these strikes far more efficient. However, Ukraine can still use the F-16 to deny Russia control over the skies – and push away Russian aircraft delivering bombs.

Persons: CNN — Bankir, Bankir, “, ” Ivan, Kyiv hasn’t, Valentyn Ogirenko, Oleksiy Melnyk, ”, ” Melnyk, wasn’t, Melnyk, Konrad Muzyka, Rochan, –, Muzyka, it’s, ” Muzyka, Ukraine’s, Volodymyr Zelensky, Donald Trump, Maria Kostenko, Daria Tarasova, Markina Organizations: CNN, Ukraine’s Security, Artillery, 148th, Kyiv, 148th Separate Artillery Brigade, Ukrainian Air Assault Forces, United Nations, Human Rights, Razumkov, Rochan Consulting, People, Reuters, US, NATO Locations: United States, Russia, Russian, Kyiv, Kharkiv, Ukraine’s, Donetsk region, Ukraine, Izium, Balakliia, Moscow, Kharkiv –, Ukrainian, “, Belgorod, Voronezh, Krasnodar, Bryansk, Crimea, Washington , DC, –

☆ Donald Trump transformed the federal judiciary. He could push the courts further right in a second term
▼ + stars: | 2024-07-13 | by ( Andrew Seger | Phil Mattingly | ) edition.cnn.com time to read: +9 min

“I totally transformed the federal judiciary,” Trump boasted at a summit hosted by the right-wing Moms for Liberty group last summer. “Many presidents never get the opportunity to appoint a Supreme Court justice. But as Trump drives toward a potential second term, one thing is clear: He’s just getting started. (Project 2025 is the policy playbook crafted by the conservative Heritage Foundation for a potential second Trump term.) That intent for vengeance could set the bar for nominations and administration lawyers alike in a second Trump term.

Persons: CNN —, Donald Trump, “, ” Trump, Trump, ” Gregg Nunziata, Joe Biden, ”, Antonin Scalia, Samuel Alito, Clarence Thomas, It’s, Alito, Thomas aren’t, Skye Perryman, it’s, Trump’s, Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett –, “ Will, Hugh Hewitt, Mitch McConnell, I’ve, ” McConnell, Wade, Aileen Cannon –, ” Donald B, George H.W, George H.W . Bush, that’s, they’ve, Fox News ’ Sean Hannity, ” Will Chamberlain, Ron DeSantis, John Eastman, “ We’ve, ” Eastman Organizations: CNN, Liberty, Trump, Republican Party, Society, Federalist Society, Democracy, Heritage Foundation, Republican, EPA, Biden, Fox News, III, Florida Gov, Conservatism Conference Locations: “, Los Angeles, kilter, Dallas, Trump’s, Florida, George H.W ., Washington

☆ The British Army has shrunk to its smallest size since the Napoleonic wars
▼ + stars: | 2024-07-13 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The British Army has shrunk to its lowest level since the early 1800s. That's a far cry from the Chinese army of 2 million soldiers, Russia's 1.3 million, or the 460,000 active-duty troops of the US Army. "As things stand, the British Army is a one-trick pony," Nicholas Drummond, a British defense expert and former infantry officer, told Business Insider. AdvertisementIn 1989, the British Army had 156,000 soldiers, or more than twice its present size. "Right now, the British Army cannot generate a single division, let alone two," Drummond said.

Persons: —, Napoleon, Nicholas Drummond, Rudyard Kipling, Tommy, Chuck, Drummond, Keir Starmer, Conservative government's, It's, Michael Peck Organizations: Service, British Army, US Army, Business, Britain's Army, NATO, Royal Navy, Treasury, Army, Labor, Conservative, Royal Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Romania, Bangladesh, Canada, Armenia, Russia, Washington, DC, Ukraine, British, Forbes

☆ Russia's showing NATO its hand in the air war over Ukraine
▼ + stars: | 2024-07-13 | by ( Sinéad Baker | Jake Epstein | ) www.businessinsider.com time to read: +21 min

Experts told Business Insider the Ukraine war has underscored how some elements of modern air combat are radically changing. And in fights like Desert Storm and the Iraq War, the West established air superiority by taking out its opponent's air defenses. The Russian air force can't meet Western air forces air to air in a major attack without being "shot to pieces," Bronk said. "Nobody really wants an air war with Russia," said John Baum, a Mitchell Institute expert and retired US Air Force lieutenant colonel. "It is not a highly desirable thing, I think, from either side, to want to have this air war."

Persons: It's, Justin Bronk, hasn't, DIMITAR DILKOFF, Bronk, Andrew Curtis, Mark Cancian, Guy Snodgrass, Hoshang, Giorgio Di Mizio, David Allvin, it's, James Hecker, NATO hadn't, " Hecker, that's, Maxim Shemetov, Fabian Hinz, Riivo Valge, Mattias Eken, They're, Paula Bronstein, Anthony Sweeney, US Army Cancian, REUTERS Lockheed Martin, Timothy Wright, disaggregation, Schmuelgen Jarmo Lindberg, Evelyn Hockstein Valge, John Baum Organizations: Kyiv, NATO, Business, Royal United Services Institute, Western, Getty, US Air Force, Storm, Marine, Center for Strategic, International Studies, Russian Defense Ministry Press, AP Russia, AP, Hudson Institute nonresident, International Institute for Strategic Studies, REUTERS, RAND Corp, Patriots, US Army, West, Patriot, Ukraine, REUTERS Lockheed, Finnish Defense Forces, Eurofighter Typhoons, Mitchell Institute Locations: Ukraine, Russia, Russian, AFP, Iraq, Europe, West, Afghanistan, Baltic, Western Europe, Estonian, Finnish, Finland, Washington

☆ Ruth Westheimer, sex therapist known as ‘Dr. Ruth,’ dead at 96
▼ + stars: | 2024-07-13 | by ( Aj Willingham | Artemis Moshtaghian | ) edition.cnn.com time to read: +6 min

CNN —Dr. Ruth Westheimer, the iconic sex therapist whose cheerful and disarming advice helped educate millions of Americans about sexual desires and practices, has died, her publicist Pierre Lehu told CNN on Saturday. Dr. Ruth Westheimer poses for a portrait in Pasadena, California, in January 2016. Becoming Dr. Ruth Westheimer speaks during an American Society of Newspaper Editors convention in April 1986. Bob D'Amico/ABC/Getty Images Westheimer on the set of "Quantum Leap" with actor Dean Stockwell and director Stuart Margolin in 1993. Ron Galella Collection/WireImage/Getty Images Westheimer rides on the back of a motorcycle during New York's Salute to Israel Parade in May 1996.

Persons: Ruth Westheimer, Pierre Lehu, grandmotherly Westheimer, Dr, Ruth ” –, –, Lehu, Maarten de Boer, Westheimer, Ruth, Stewart, AP Westheimer, Cyndi Lauper, Nancy Kaye, Ron Galella, Bob D'Amico, Dean Stockwell, Stuart Margolin, Alice S, David Karp, Bill Clinton, King Mohammed VI of, Susan Walsh, Keith Bedford, Sir Paul McCartney, McCartney, Bob Child, Barack Obama, Michelle Obama, Chip Somodevilla, Andy Kropa, John Lamparski, Michael Kovac, Gabby Jones, ”, Ruth Show, ” Westheimer, Columbia University . Westheimer, Love Organizations: CNN, Haganah, Zionist, Israel Defense Forces, American Society of Newspaper, ABC, Getty, Israel Parade, White House, Westheimer, Yale, Communications, Broadway, of Fame, Gotham, New York, New York Times, Lifetime, Teachers College, Columbia University ., Museum of Jewish Heritage Locations: Pasadena , California, Switzerland, Jerusalem, New York, Beverly Hills , California, Los Angeles, King Mohammed VI of Morocco, New Haven , Connecticut, Washington ,, New, Germany, Paris, New York City

☆ Jack Smith says Clarence Thomas’ attack on his appointment should not factor into classified documents case
▼ + stars: | 2024-07-12 | by ( Tierney Sneed | ) edition.cnn.com time to read: +2 min

CNN —Special counsel Jack Smith told the judge in the classified documents case in Florida that Supreme Court Justice Clarence Thomas’ criticism of his appointment should have no bearing on the criminal case against former President Donald Trump. In a brief filing Friday, Smith said that Thomas’ writing in the presidential immunity case – in a concurrence that no other justice joined – isn’t binding on US District Judge Aileen Cannon. In a filing last week, Trump’s lawyers brought to Cannon’s attention both the Supreme Court’s immunity ruling and the concurrence that Thomas wrote in that dispute. In response on Friday, Smith said that he agreed with Trump that both sides should file more briefing on how the high court’s immunity ruling affects the documents case. Cannon has not signaled yet how she’ll weigh the Supreme Court’s new ruling in the case before her.

Persons: Jack Smith, Clarence Thomas ’, Donald Trump, Smith, Thomas ’, –, Aileen Cannon, ” Smith, Thomas, Cannon, Trump, CNN’s Holmes Lybrand Organizations: CNN, Trump Locations: Florida, Washington ,

☆ Russia is already fighting NATO, just not with tanks and fighter jets, argues a former top US general
▼ + stars: | 2024-07-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Recent covert acts of sabotage are far from the level of aggression and brutality that Russia has put on display in Ukraine. But make no mistake, a former top US general argued this week, Moscow is already fighting NATO. "We face wider Russian aggression directed at our own democracies, from hybrid attacks to threats in the high north," he added. "We, ourselves, have been experiencing hybrid attacks from Russia for decades, so that's why the threat has been quite clear, what we're facing." The Russian hybrid attacks were a notable discussion point on the sidelines of the NATO summit in Washington this week.

Persons: —, Ben Hodges, Vladimir Putin's, Vladimir Putin, Pavel Byrkin, John Healey, We've, Andris Sprūds, Healey, Hodges, Antony Blinken, Blinken, It's Organizations: Service, NATO, Business, US Army, NATO Public Forum, Ukraine, Security, Sputnik, Public, Latvian Defense, Alliance Locations: Russia, Ukraine, Moscow, US Army Europe, Washington ,, Russian, Baltic, Washington

☆ Ukraine will likely have to wait a year before it's able to launch another counteroffensive, NATO official says
▼ + stars: | 2024-07-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

The NATO summit is being held in Washington, DC, with Russia's invasion of Ukraine a key topic. NATO has agreed to provide Ukraine with $40 billion in new military aid, but it won't arrive soon. Ukraine may have to wait another year before launching a counteroffensive, one NATO official said. AdvertisementUkraine may have to wait another year before launching a new counteroffensive against Russian forces, a NATO official told The New York Times. During the NATO summit in Washington, DC, this week, members of the military alliance agreed to provide Ukraine with $40 billion in new military aid to fight the Russian invasion.

Persons: — Organizations: NATO, Service, Russian, New York Times, Times, Business Locations: Washington ,, Ukraine, Russian

☆ Volodymyr Zelenskyy has yet again found himself at the center of one of the most awkward moments in modern US history
▼ + stars: | 2024-07-12 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

President Zelenskyy has been in the middle of several awkward moments in US history. Biden on Thursday mistakenly called Zelenskyy "President Putin." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkrainian President Volodymyr Zelenskyy has, through no fault of his own, found himself in some of the most acutely awkward moments in modern US history. This story is available exclusively to Business Insider subscribers.

Persons: Zelenskyy, Biden, Putin, Trump, —, Volodymyr Zelenskyy, Joe Biden Organizations: Service, NATO, Washington DC, Business Locations: Washington, Ukraine

☆ Rudy Giuliani scores rare legal win as judge dismisses bankruptcy case — but a countdown timer is ticking
▼ + stars: | 2024-07-12 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewThe judge overseeing Rudy Giuliani's bankruptcy granted him a rare legal win. But there's a catch: Giuliani isn't allowed to file for bankruptcy again over the next 12 months. AdvertisementOver the past few months, Giuliani has filed inconsistent financial statements and appeared to squirrel away streams of income, his creditors have complained. AdvertisementThe draft order provided by Giuliani's legal team included a line that would forbid the 80-year-old from filing for bankruptcy again for one year. But the legal team representing the so-called "unsecured creditors" — including Dominion Voting Systems and Dunphy — objected to dismissing the bankruptcy case.

Persons: —, Rudy Giuliani's, Giuliani, Noelle Dunphy, Ruby Freeman, Wandrea Moss, Sean H, Lane, we've, — Giuliani, Freeman, Moss, Eric J, Snyder, Wilk Auslander, Dunphy, Dunphy —, Rudy Giuliani, Donald Trump, Chip Somodevilla, Dunphy's, Justin Kelton Organizations: Service, New, New York City, Business, of, Wilk, Dominion Voting Systems Locations: New York, Washington, DC, Georgia, Manhattan, Florida, of New York, Washington ,, Arizona

☆ 'Why would you tinker with it if it's not broken?': Economist on why the Fed may not cut rates in September
▼ + stars: | 2024-07-12 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason to hold off, according to economist Carl Weinberg. Money market pricing for a rate cut at the Fed's fall meeting rose from around 70% to more than 90% on Thursday, according to LSEG data, after a softer-than-expected consumer price index print. Fed Chair Jerome Powell had already bolstered expectations of such a move when he said earlier this week that there were risks in keeping interest rates too high for too long — comments interpreted as "modestly dovish" by analysts. However, there are also risks to easing monetary policy that cast a cloud over the rate cut outlook, Weinberg, chief economist at High Frequency Economics, told CNBC's "Squawk Box Europe" on Friday.

Persons: Jerome Powell, Carl Weinberg, Weinberg, CNBC's Organizations: US Federal Reserve, Banking, Housing, Urban Affairs Committee, Federal Reserve Locations: Washington , DC, U.S

☆ Ukraine is on track to make 'significantly' more 'mortar drones' than it planned, defense industry official says
▼ + stars: | 2024-07-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Oleksandr Kamyshin, who serves as Ukraine's minister of strategic industries, shared in December that Kyiv planned to produce 1 million first-person-view, or FPV, drones by 2025. "This year we will produce significantly more than 1 million" of the FPV drones, Kamyshin told Business Insider this week, providing an update on the production efforts but declining to provide specific figures. Throughout much of Russia's brutal war in Ukraine, FPV drones have been heavily featured in combat. AdvertisementUkrainian FPV drone operator from the 53rd Mechanized Brigade launches a drone toward Russian positions in Donetsk Oblast. He referred to FPV drones as "mortar drones" and "artillery drones" in a nod to their explosive potential that's similar to the ranged weapons.

Persons: —, Oleksandr Kamyshin, Kamyshin, Ukraine Kamyshin, Paula Bronstein Organizations: Service, Business, 53rd Mechanized Brigade, General Staff of, Armed Forces, NATO Locations: Ukraine, Ukrainian, Donetsk Oblast, Washington ,, Russia, Kyiv, Washington, Soviet

☆ A frustrated White House press corps finally gets to question Biden
▼ + stars: | 2024-07-11 | by ( Hadas Gold | ) edition.cnn.com time to read: +9 min

CNN —For weeks, the White House press corps has been boiling – and not from the Washington, DC, heat. Some feel the White House misled the press before President Joe Biden’s stumbling performance at last month’s CNN presidential debate. “I think this is a credibility crisis writ large for the White House, and certainly as a spokesperson for the White House, this is a credibility crisis for her,” one White House reporter told CNN, speaking on condition of anonymity to discuss the situation. “We are in the midst of a full-blown feeding frenzy,” former CNN White House correspondent and Washington bureau chief Frank Sesno said. Sesno and former White House correspondents and officials told CNN that questions surrounding Biden’s age and performance, along with how the White House is handling the issue, are legitimate and warrant scrutiny.

Persons: Joe Biden’s, Biden, –, ” NBC’s Kelly O’Donnell, Karine Jean, Pierre, Ed O’Keefe, Jean, ”, “, ” Jean, Seung Min Kim, Andrew Bates, Biden “, ” Bates, Donald Trump, Barack Obama, George W, Bush, Bates, Bill Clinton, ‘, Frank Sesno, Sesno, Kenneth Walsh Organizations: CNN, White House, House, NATO, White, CBS, Associated Press White, CNN White House, Toxic, U.S . News Locations: Washington, DC, America

☆ UAW chief and other board members have concerns about Biden’s ability to beat Trump, source says
▼ + stars: | 2024-07-11 | by ( Arlette Saenz | ) edition.cnn.com time to read: +4 min

CNN —United Auto Workers President Shawn Fain and other members of the union’s board have expressed concerns about President Joe Biden’s ability to beat Donald Trump in November, a source close to the union says. The union is discussing the way forward on how to beat Trump in November, but the group is not considering rescinding its endorsement of Biden at this time, the source added. When a reporter at a Thursday press conference raised the UAW’s concerns, the president responded, “The UAW just endorsed me.”“There’s a long way to go this campaign,” the president later added. In a statement Wednesday, the day Biden visited the group, the AFL-CIO executive council said in a statement: “The labor movement understands, as Joe Biden does, that solidarity is how we win. “I said I was going to be the most pro union president in American history, well guess what I am,” Biden said Wednesday.

Persons: Shawn Fain, Joe Biden’s, Donald Trump, Biden, “ I’m, ” Biden, Fain, Trump, “, Joe Biden, Kamala Harris, White, George Clooney, couldn’t, Liz Shuler, Keir Starmer, ” CNN’s Chris Isidore Organizations: CNN — United Auto Workers, Trump, CNN, Reuters, UAW, AFL, NATO, Wednesday, Michigan, New York Times, British Locations: Washington ,, Michigan, Wisconsin

☆ Zelenskyy says the problem with the coming F-16 fighter jets is the same one Ukraine had with the Abrams tanks
▼ + stars: | 2024-07-11 | by ( Chris Panella | Jake Epstein | ) www.businessinsider.com time to read: +6 min

Read previewWestern-provided F-16 fighter jets are on their way to Ukraine and set to start flying missions later this summer. But they may not yet be enough to make a difference on the battlefield, Ukrainian President Volodymyr Zelenskyy indicated in a discussion this week on what Ukraine needs, comparing the jets to the US-made Abrams tanks that Ukraine got last fall. "The problem with F-16," the Ukrainian president said, "is the number and the dates." The US sent only 31 M1A1 Abrams in total, and they were delivered to Ukraine months after British and German tanks. For comparison, Ukraine received about 300 US-made Bradley infantry fighting vehicles, nearly ten times more than the number of Abrams sent.

Persons: —, Volodymyr Zelenskyy, Abrams, Bret Baier, Zelenskyy, Derek Seifert, Zelenskky, haven't, Michael Currie, Antony Blinken's, it's, Zachariah Lopez, Jake Sullivan Organizations: Service, Business, Fox News, Reagan Institute, Abrams Ukraine, NATO, Egyptian, Force, US Air Force, US, Abrams, Bradley, Getty, Ukraine —, Ukrainian Air Force, Osan Air Base, US Air Force Tech, White, National Locations: Ukraine, Ukrainian, Washington , DC, Russia, Egypt, Denmark, Netherlands, Soviet, South Korea

Search resuls for: "DC"

25 mentions found