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☆ My wife and I blended our last names. We wanted to share a last name that was uniquely ours.
▼ + stars: | 2024-01-28 | by ( William Egan | ) www.businessinsider.com time to read: +3 min

We blended our last namesName blending is the practice of creating a new last name out of the letters of each partner's maiden name. When it came to what to do with our last names, the traditional route didn't feel right to us, but we really wanted to share a last name. A lot of couples resolve this by hyphenating, but our names just don't sound good hyphenated together. But with our blended name, it doesn't feel like we've let our names go. The pieces of our names are still there; they've just been rearranged and combined with each other's.

Persons: we've, Egan, Michell, Gailen Magellan, Dad, hadn't, Selena, William Haigen, Millenials, Gen X, Boomers, Megan, they've Organizations: Service, Gailen Magellan Gallen

☆ Premarket stocks: Crypto fans got what they wanted. So why is bitcoin falling?
▼ + stars: | 2024-01-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

So, why is the price of bitcoin falling, even after investors got what they wanted? Part of the reason is likely a “buy the rumor, sell the news” mentality, according to Antoni Trenchev, co-founder of crypto lender Nexo. Interestingly, bitcoin ETF activity actually shows net buying. Greyscale’s fund is the largest bitcoin ETF, holding roughly $20 billion in assets. ETFs hold just a small portion of the bitcoin that’s traded, says Eric Balchunas, senior ETF analyst at Bloomberg Intelligence.

Persons: cryptocurrencies, bitcoin, Antoni Trenchev, that’s, Eric Balchunas, ”, Bitcoin, FTX, “ We’re, Craig Erlam, vibing, Bryan Mena, Read, It’s, Janet Yellen, Matt Egan, Yellen, Biden Organizations: CNN Business, Bell, New York CNN —, US Securities and Exchange, SEC, Investors, Bloomberg Intelligence, CNN, Economic, of Chicago, Treasury Locations: New York, America, Chicago, Covid

☆ Cornell donor demands president step down, citing ‘toxic’ diversity policies
▼ + stars: | 2024-01-25 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The growing battle between Ivy League institutions and frustrated alumni is now playing out at Cornell University. A prominent alumnus and longtime donor is calling for the immediate resignations of Cornell President Martha Pollack and Provost Michael Kotlikoff, arguing the university’s diversity policies have created a “toxic” environment. Jon Lindseth, an emeritus member of Cornell’s board of trustees, penned an open letter demanding university leaders clean house. Lindseth’s criticism of Cornell’s DEI policies are supported by the Cornell Free Speech Alliance, an alumni group founded in August 2021 pushing to reform the university. While the website for Cornell’s board of trustees does indicate meetings are scheduled, university officials say these are not emergency meetings.

Persons: Martha Pollack, Provost Michael Kotlikoff, Jon Lindseth, Lindseth, Cornell “, ” Lindseth, Bill Ackman, Claudine Gay, Pollack, ” Kraig Kayser, ”, “, ” Joel Malina, ” Cornell Organizations: New, New York CNN, Ivy League, Cornell University, Cornell, Harvard, Cornell Free Speech Alliance, Department of Education, Committee, University and Pennsylvania, Massachusetts Institute of Technology Locations: New York, America, Israel

☆ House demands UPenn turn over trove of documents in antisemitism investigation
▼ + stars: | 2024-01-24 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

New York CNN —A House committee sent a letter to the University of Pennsylvania on Wednesday demanding the school turn over documents related to an investigation into antisemitism on campus. Rep. Virginia Foxx, the Republican chairwoman of the Committee on Education and the Workforce, is requesting that UPenn respond to the document request by no later than February 7. Lawmakers launched a formal investigation into UPenn, Harvard University and MIT last month following disastrous testimony about antisemitism from the leaders of the three schools. Liz Magill stepped down last month as UPenn’s president in the wake of her testimony on Capitol Hill. UPenn did not immediately respond to a request for comment.

Persons: Virginia Foxx, UPenn, “, ” Foxx, Larry Jameson, Ramanan Raghavendran, Liz Magill, Scott Bok, Foxx Organizations: New, New York CNN, University of Pennsylvania, Rep, Education, Lawmakers, Harvard University, MIT, Capitol, Harvard Locations: New York, Qatar, UPenn

☆ Wall Street firm hit by cyberattack that has knocked systems offline
▼ + stars: | 2024-01-24 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —EquiLend, a Wall Street firm that processes trillions of dollars of securities transactions a month, was hit by a cyberattack that has knocked some of its systems offline, the company said Wednesday. The financial technology firm, owned by Goldman Sachs, JPMorgan and other major Wall Street firms, said in a statement to CNN that it could take “several days” before services are fully restored. “We immediately launched an investigation and have identified a cyber security incident involving unauthorized access to our systems,” Gohlke said. EquiLend, owned by a consortium of Wall Street firms including BlackRock and Bank of America, is a significant player in the securities-lending industry through its NGT trading platform. Last week, EquiLend announced a deal to sell a majority stake in itself to private-equity firm Welsh, Carson, Anderson & Stowe for an undisclosed sum.

Persons: New York CNN —, Goldman Sachs, Christopher Gohlke, ” EquiLend, ” Gohlke, “, Christopher Hayden, EquiLend, Anderson, Stowe Organizations: New, New York CNN, Street, JPMorgan, CNN, Treasury, Wall, BlackRock, Bank of America Locations: New York, Carson

☆ Janet Yellen: It’s still too hard to be a working parent in America
▼ + stars: | 2024-01-24 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

There’s much more the President and I would like to do to support the middle class,” Yellen plans to say during the speech at the Economic Club of Chicago. Treasury officials have billed the speech as one of the most significant Yellen plans to deliver this year and an effort to set the tone for her domestic agenda during 2024. We need to get American families access to affordable child care and other support for their children,” Yellen is set to say, according to the excerpts. “This story of the middle class is not separate from the state of the economy. “Though some forecasters thought a recession last year was inevitable, President Biden and I did not,” Yellen will say.

Persons: Janet Yellen, ”, Yellen, Biden, “, Joe Biden, ” Biden, Biden’s Organizations: New, New York CNN, CNN, Economic, of Chicago, Treasury, ”, University of Michigan Locations: New York, Chicago, Covid, North Carolina

☆ GOP Rep. Virginia Foxx admonishes Harvard for ‘unacceptable’ response to antisemitism investigation
▼ + stars: | 2024-01-23 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —House Education Committee Chairwoman Rep. Virginia Foxx blasted Harvard University on Tuesday evening for failing to turn over all the documents lawmakers demanded in their antisemitism investigation into the Ivy League school. Harvard faced a 5 pm ET deadline on Tuesday to respond to a demand from lawmakers for a mountain of documents relating to antisemitism on campus. Last week, Alan Garber, Harvard’s interim president, unveiled two presidential task forces aimed at fighting antisemitism and Islamophobia. The House investigation is separate from a probe by the same committee into how Harvard responded to plagiarism allegations against its former president, Claudine Gay. The Department of Education has also launched an unprecedented number of Title VI investigations into colleges, including Harvard, the University of Pennsylvania and Cornell University.

Persons: Virginia Foxx, Foxx, “, Harvard, ” Foxx, Nick Barley, ”, Alan Garber, ” Garber, Lawmakers, Claudine Gay Organizations: CNN —, Harvard University, Ivy League, Republican, Harvard, CNN, The, of Education, University of Pennsylvania, Cornell University Locations: North Carolina, Harvard

☆ Israeli hostage posters at Harvard vandalized with antisemitic messages
▼ + stars: | 2024-01-23 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Israeli hostage posters that were hung up at Harvard University had been vandalized with antisemitic messages just as students returned from winter break. Footage shared with CNN by Harvard student Alexander Kestenbaum shows a handful of hostage posters defaced with messages such as “Israel did 9/11.” A poster of a four-year-old Israeli hostage was defaced, while “LIES FAKE” was scrawled over another hostage poster. Photos and videos geolocated by CNN indicate the vandalized posters were hung just outside Holworthy Hall, a first-year student dorm located on the northern edge of Harvard Yard. The Harvard spokesperson said the vandalized posters near the Thayer Gate have been removed and the Harvard University Police Department is investigating the incident. “Instead, they were confronted with vandalism, the defacement of hostage posters, and vile antisemitic conspiracy theories.

Persons: ”, Alexander Kestenbaum, Israel, “, It’s, Kestenbaum, Claudine Gay’s, Jonathan Greenblatt, ” Greenblatt, Getzel Davis, ” Davis, Alan Garber, ” Garber, Larry Summers, Derek Penslar, Summers, Penslar, nauseous, Celina Tebor, Michelle Watson, Nic, Anderson Organizations: New, New York CNN, Harvard University, Harvard, CNN, Harvard Yard, Harvard University Police Department, Cambridge, Visitors, Harvard’s, Equity, Diversity, Defamation, Harvard Hillel, American Academy for Jewish Research, Columbia University, NYPD, Columbia Locations: New York, Harvard’s, Holworthy, Cambridge , Massachusetts, Israel

☆ Trump SPAC has tripled since the Iowa caucuses
▼ + stars: | 2024-01-23 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Digital World’s share price spiked 88% to 19-month highs on Monday alone. Since Trump’s landslide victory in the Iowa caucuses on January 15, Digital World shares have more than tripled. That in turn drives the share price even higher, creating further losses for short-sellers. Jay Ritter, a finance professor at the University of Florida, expressed shock at the stock spike for Digital World. Neither Trump Media & Technology Group nor Digital World responded to requests for comment.

Persons: that’s, Donald Trump, That’s, Ron DeSantis, Trump, ”, Matthew Tuttle, Tuttle, –, what’s, Jay Ritter, “ It’s, ” Ritter, Ritter, “, he’s, ” Tuttle Organizations: New, New York CNN, Truth Social, Trump Media & Technology Group, Florida, Trump, New Hampshire, Tuttle Capital Management, University of Florida, GameStop, SEC, & $ Locations: New York, United States, New, Iowa, “ After Iowa

☆ Harvard cancer institute moves to retract six studies, correct 31 others amid data manipulation claims
▼ + stars: | 2024-01-22 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

CNN —The Dana-Farber Cancer Institute, a prestigious Harvard teaching school, is moving to retract six studies and correct 31 others following allegations of data manipulation. The steps by the Harvard Medical School affiliate come after a molecular biologist published a blog post earlier this month alleging researchers falsified data by manipulating images. More than 50 papers are part of the ongoing review by Dana-Farber into four researchers, all of whom have faculty appointments at Harvard Medical School. Earlier this month, Sholto David published a blog post titled “Dana-Farberications at Harvard University,” alleging researchers at the cancer institute manipulated images and data. According to Rollins, Dana-Farber said it was already reviewing “potential data errors” in multiple cases that the blog listed and stressed that the issues uncovered do not necessarily amount to misconduct.

Persons: Dana, Farber, Laurie Glimcher, ” Barrett Rollins, “ Dana, Rollins, Claudine Gay, Gay, ”, Sholto David, Farberications, David, ” Rollins Organizations: CNN, Farber Cancer Institute, Harvard, Harvard Medical School, Dana, Ivy League, ” Harvard, Harvard University, Photoshop

☆ Larry Summers blasts Harvard over antisemitism: ‘I have lost confidence’
▼ + stars: | 2024-01-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Famed economist Larry Summers slammed Harvard’s top leaders on Sunday over concerns about how the Ivy League school is fighting antisemitism. Summers, a former president of Harvard, strongly criticized the selection of Harvard professor Derek Penslar as the co-chair of a newly-formed presidential task force on antisemitism. “I have lost confidence in the determination and ability of the Harvard Corporation and Harvard leadership to maintain Harvard as a place where Jews and Israelis can flourish,” Summers said in a post on X, formerly known as Twitter. The task forces will be charged with examining bias, determining root causes and compiling recommendations to combat hate. “As things currently stand, I am unable to reassure Harvard community members, those we are recruiting or prospective students that Harvard is making progress in countering anti-Semitism,” Summers said.

Persons: Larry Summers, Harvard’s, Summers, Derek Penslar, “, ” Summers, Claudine Gay, Clinton, Obama, Penslar, ”, ” Penslar, Israel, Israel’s, Bill Ackman, “ Harvard, Alison Frank Johnson, Steven Levitsky, stnd, ” Alan Garber, ” Garber, Penny Pritzker Organizations: New, New York CNN, Ivy League, Harvard, Harvard Corporation, Twitter, Jewish Telegraphic Agency, CNN, American Academy for Jewish Research, North America ”, The Corporation Locations: New York, Israel, Gaza, North America

She is one of this year's winners of an Andrew Carnegie Medal for Excellence, presented by the American Library Association. The fiction medal was awarded to Amanda Peters for her novel “The Berry Pickers,” a multi-generational story centered around the disappearance of a young Mi’kmaq girl from a blueberry field in Maine. “Amanda Peters’ stunning prose and evocative narrative enraptured us with the grief and longing of her characters. “I was 16 and sitting in the library and it changed the trajectory of my reading career," said Peters, who read the book at home. The Carnegie Medals were established in 2012 with the help of a grant from Carnegie Corporation of New York.

Persons: Roxanna Asgarian, ”, Andrew Carnegie, Roald Dahl's, Asgarian, Hart, Amanda Peters, “ Amanda Peters, Christina Wong’s, Daniel Innes ’, Jake Bittle’s “, Darrin Bell’s “, Peters, John Steinbeck's, “, ” Peters, ” Asgarian, Jennifer Egan, James McBride, Bryan Stevenson Organizations: —, Las Vegas, American Library Association, Carnegie, Dalhousie University, Acadia University, New York Public Library, History Research, Town, Carnegie Corporation of New Locations: Las, Dallas, America, Maine, San Diego, United States, Falmouth , Nova Scotia, Wolfville , Nova Scotia, New York City, New York, Carnegie Corporation of New York

☆ Harvard submits plagiarism investigation documents to Congress
▼ + stars: | 2024-01-19 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Harvard University submitted a trove of documents on Friday to House lawmakers investigating the plagiarism scandal surrounding former President Claudine Gay. Nick Barley, a spokesperson for the House Education and Workforce Committee, told CNN that lawmakers are “currently reviewing” documents related to the plagiarism investigation Harvard sent ahead of a 5 pm ET deadline. The Harvard Crimson previously reported that the university submitted documents to the committee on Friday. But, following the hearing, Gay began to draw widespread criticism over accusations of plagiarism, including multiple instances of missing quotation marks and citations. Notably, the university called those corrections “regrettable,” but found they did not meet the punishable threshold of research misconduct.

Persons: Claudine Gay, Nick Barley, “, Harvard, Virginia Foxx, Penny Pritzker, Gay, Gay’s, Israel – Organizations: New, New York CNN — Harvard University, House Education, Workforce Committee, CNN, Harvard Corporation, Harvard Crimson, Harvard Locations: New York, Harvard’s

☆ Detroit Lions ticket prices are going through the roof as rare playoff run stimulates local economy
▼ + stars: | 2024-01-19 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

And the entire Detroit economy is cashing in on the team’s rare playoff success, not just the ticket vendors. Normally closed on Sundays in January, Vertical Detroit was jam-packed last Sunday to host fans before the Lions game. Detroit Lions quarterback Jared Goff walks off the field after an NFL wild-card playoff football game against the Los Angeles Rams, Sunday, Jan. 14, 2024, in Detroit. ‘Trying to rebuild the city’This weekend’s Lions playoff game, airing on NBC, will once again put Detroit in the national spotlight. A boost to tourism from an unlikely spot — the Detroit Lions — should help support that comeback.

Persons: That’s, Eminem, ”, Tyler Theile, Remy Lutfy, ” Lutfy, Jared Goff, Paul Sancya, Taylor Swift, Matt Ferrel, ” Ferrel, Henry Ford, Ford Hamp, ” Theile, Lutfy, “ We’ve Organizations: CNN, Lions, Super, Tampa Bay Buccaneers, San Francisco 49ers, Dallas Cowboys, The Lions, Detroit, Anderson Economic, AEG, Detroit Lions, NFL, Los Angeles Rams, “, Ford, Firestone, NBC, steakhouse Locations: Detroit, TickPick, City

☆ Ashley Elston’s Signature Play? Unfurling the Butcher Paper.
▼ + stars: | 2024-01-18 | by ( Elisabeth Egan | More About Elisabeth Egan | ) www.nytimes.com time to read: +1 min

Like athletes who adhere to specific routines on game day, writers have their own tools and routines for, shall we say, getting the ball into the end zone. As she approaches the end of her first draft, Elston pulls a six-foot sheet of brown butcher paper from a roll on a specially installed rod near her desk. This two-yard stretch then becomes a playing field for her story, beginning with chapter descriptions jotted on large sticky notes. She said in a phone interview, “If I can’t sum up what’s happening, maybe it shouldn’t be there. It has to have a purpose.” She went on, “I sit back in my chair and start thinking about what’s not working and how I need to move things around.”

Persons: Ashley Elston, Reese, ”, Elston, “, what’s

☆ Insurers shun many ships carrying goods through the Red Sea as attacks continue
▼ + stars: | 2024-01-17 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

The crisis in the Red Sea threatens to damage the economy by increasing prices on consumers and delaying the shipment of goods. A Houthi official vowed on Wednesday that attacks on “Israeli-linked” vessels in the Red Sea as well as the Arabian Sea will continue. Ikea also does not foresee any product shortages from the Red Sea problems. “Shippers are now much better at using alternative ways of moving their goods around the world,” Zandi said. “We have not seen the situation in the Red Sea translate into material movements in prices in the US such as consumer goods and gasoline prices,” Schwartz said.

Persons: ”, Marcus Baker, Marsh McLennan, Baker, Vicent Clerc, ” Clerc, CNN’s Richard Quest, Mark Zandi, Zandi, Kristalina Georgieva, Quest, ” Zandi, Stephen Schwartz, ” Schwartz Organizations: CNN, US, US Central Command, Maersk, International Monetary Fund, Oxford University . Shipping, P, Moody’s, Global, IMF, Economic, Wednesday, Ikea, Wells, Wells Fargo Global Receivables, Trade Finance Locations: Israel, Marsh, Suez, Africa, China, Davos, Switzerland, “, Asia, Europe, Germany, Wells Fargo, Iran

☆ Jamie Dimon: Trump was right about key issues and bashing MAGA will hurt Biden
▼ + stars: | 2024-01-17 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Jamie Dimon has a warning for Democrats: Don’t dismiss Trump supporters as people who are exclusively attracted to his personality. Former President Donald Trump was right about some critical issues, the JPMorgan CEO says. “I wish the Democrats would think a little more carefully when they talk about MAGA,” Dimon told CNBC on Wednesday from the World Economic Forum in Davos. Dimon, who has clashed with Trump in the past and previously described himself as “barely a Democrat,” said that people are “basically scape-goating” Trump supporters. “I don’t think they are voting for Trump because of his family values,” Dimon said.

Persons: Jamie Dimon, Don’t, Donald Trump, “, MAGA, ” Dimon, ”, ” Trump, Trump, Trump’s, Dimon, Bloomberg Television it’s, Nikki Haley, “ I’ve, Hillary Clinton’s, Barack Obama’s, Biden’s Organizations: New, New York CNN, Trump, CNBC, Economic, NATO, Republican, JPMorgan, Bloomberg Television, JPMORGAN, Wednesday Locations: New York, Davos, Dimon, China, Mexico, United States

☆ Tesla to pause German production over Red Sea disruption
▼ + stars: | 2024-01-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Tesla plans to pause most production at its only European factory due to supply chain problems caused by attacks in the Red Sea. In recent weeks, Houthi militants, based in Yemen, have ramped up attacks on vessels traveling through the Red Sea, saying they are revenge for Israel’s war against Hamas in Gaza. As a result, six of the world’s 10 biggest shipping companies — namely Maersk, MSC, Hapag-Lloyd, CMA CGM, ZIM and ONE — have been largely or completely avoiding the Red Sea. Volkswagen, Germany’s biggest carmaker, said Friday that its passenger car division did not anticipate “significant” restrictions to production over the situation in the Red Sea, according to Reuters. Economic reverberationsTesla’s decision will amplify fears that a prolonged closure of the Red Sea route — which connects with the vital Suez Canal — will hurt the global economy by snarling supply chains and driving up the prices of goods.

Persons: London CNN — Tesla, Tesla, Joe Biden, Brent, “, ”, Robert Yawger, Matt Egan Organizations: London CNN, CNN, RTL, Maersk, MSC, Lloyd, CMA CGM, Carriers, European Automobile Manufacturers ’ Association, Volvo, Reuters, Volkswagen, Economic, Ikea, Crocs, Container, British, West Texas, Mizuho Securities Locations: Red, Berlin, Europe, Yemen, Gaza, South Africa, Belgium, Suez, British, Drewry, Iran

☆ Oil prices rise as US-led strikes in Yemen raise fears of wider conflict
▼ + stars: | 2024-01-12 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —US-led airstrikes on Houthi targets in Yemen rattled energy markets on Friday, sending oil prices sharply higher. Oil prices rose sharply after US-led strikes on multiple Houthi targets in Yemen in response to repeated attacks on commercial shipping in the Red Sea. Another concern is that oil facilities in Saudi Arabia could get hit by a retaliatory strike from the Houthis. In 2019, roughly 5% of world oil supply was briefly knocked offline in a large-scale drone attack on Saudi oil facilities. Despite Friday’s gains, oil prices remain lower than where they were before the October 7 attacks by Hamas against Israel due to concerns about oversupply.

Persons: Brent, “, ”, Robert Yawger, ” Yawger, John Kirby, CNN’s Becky Anderson, ” Kirby, ” Matt Smith, ” Helima Croft, Croft, ” Croft Organizations: New, New York CNN, Mizuho Securities, White House National Security Council, RBC Capital Markets, CIA Locations: New York, Yemen, East, Red, Iran, Saudi Arabia, Saudi, Gulf of Oman, Hormuz

☆ FBI is investigating the SEC hack after its fake bitcoin post
▼ + stars: | 2024-01-10 | by ( Matt Egan | Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —The Securities and Exchange Commission said Wednesday the FBI is investigating the hack of the agency’s social media account that rocked the bitcoin world earlier this week ahead of the regulator’s approval of a bitcoin exchange-traded fund late Wednesday. One crypto exchange, Coinbase, even posted a celebratory message on social media Tuesday. However, 15 minutes later SEC Chair Gary Gensler said the agency’s account was “compromised,” allowing for an “unauthorized” tweet to get posted. A spokesperson for X later said that the SEC’s social media account lacked the basic security measure of two-factor authentication, raising serious questions about the agency’s cybersecurity protocols. That alleged lack of security is particularly befuddling, given the SEC’s previous ruling that social media posts could serve as public announcements for investors.

Persons: “, ”, bitcoin, Gary Gensler, “ I’m, ” Sen, Sherrod Brown, Brown, JD Vance, Thom Tillis, Gensler, Nick Smart, X, Nicole Goodkind Organizations: New, New York CNN, Securities, Exchange Commission, FBI, SEC, SEC’s, ”, Banking Committee, Republican Sens Locations: New York

☆ Bill Ackman, taking a page from his Wall Street playbook, backs rebel candidates to join Harvard’s board
▼ + stars: | 2024-01-10 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

The move by Ackman takes a page out of the playbook that made him successful on Wall Street. Normally, candidates for the 30-member Harvard Board of Overseers are nominated by the university’s alumni association. However, Ackman is now backing four write-in candidates, all graduates of Harvard and Radcliffe College, Harvard Business School or Law School. “We truly feel called to do this now,” Leslie, who has spent 20 years in the US military, told CNN in a phone interview. Calls for change at HarvardNew members are elected to the Harvard Board of Overseers each spring.

Persons: Bill Ackman, Ackman, Claudine Gay, Logan Leslie, ” Leslie, Harvard, Leslie, he’s, “, He’s, Julia Pollak, CNN she’s, ”, Pollak, ZipRecruiter . Pollak, ” Ackman, Zoe Bedell, Alec Williams, Penny Pritzker, Jeffrey Sonnenfeld, Sam Lessin, Pritzker, Lessin, ” Lessin Organizations: New, New York CNN, Harvard University, Ackman, Harvard, Ivy League, Radcliffe College, Harvard Business School, Law School, CNN, US Navy, ZipRecruiter, Reuters, of, Navy Seal, Navy Reserves, Harvard Corporation, Gay, Yale Locations: New York, Ackman, Northern, South Africa, Eastern, of Virginia

☆ House takes aim at Harvard, MIT and UPenn’s tax-exempt status over antisemitism
▼ + stars: | 2024-01-10 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —The powerful House Ways and Means Committee is threatening to reconsider the tax-exempt status of Harvard University, the Massachusetts Institute of Technology, the University of Pennsylvania and Cornell University amid allegations the elite schools have failed to fight antisemitism on campus. Rep. Jason Smith, the Republican chair of the committee, sent a letter on Wednesday to the four schools expressing alarm at their responses to antisemitism. The controversy has fueled a backlash from donors and politicians and helped contribute to the ousters of former Harvard President Claudine Gay and former UPenn President Liz Magill. The Ways and Means chairman noted that the universities’ tax-exempt status provides “lucrative financial benefits” and “advantageous tax treatment” of their endowments. Harvard is also under pressure to respond to wide-ranging document requests from another House panel, the Committee on Education and the Workforce, on both antisemitism and plagiarism.

Persons: Jason Smith, ” Smith, Claudine Gay, Liz Magill, Smith, ” Cornell, Rebecca Valli, ”, UPenn, “ Penn, ” UPenn, Sally Kornbluth, Martha Pollack Organizations: CNN, Harvard University, Massachusetts Institute of Technology, University of Pennsylvania, Cornell University, US, Harvard, UPenn, MIT, Cornell, Education, ” Locations: Israel

☆ Nvidia is the stock of the year. Can it last?
▼ + stars: | 2023-12-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

New York CNN —It would be an understatement to say that it’s been a good year for Nvidia. The California-based chipmaking giant has seen its shares soar about 220% this year, making it the top performing S&P 500 stock in 2023. What’s happening: Just before Thanksgiving, Nvidia crushed doubts that its star was fading by reporting gangbuster third quarter earnings. By Sosnick’s count, Nvidia executives mentioned AI at least 70 times on their most recent earnings call. Historically, Nvidia has had hard falls after missteps — between 2021 and 2022, shares of the stock fell by 66%.

Persons: Hannah de Wolf, Colette Kress, There’s, ”, Steve Sosnick, we’ve, Nvidia …, Dan Ives, Goldman Sachs, Piper Sandler, Harsh Kumar, Sarat Sethi, DCLA, Sethi, it’s, missteps, hasn’t, Matt Egan, Robert Jackson Jr, Joshua Mitts, “, Mitts, it’s “, ” Mitts, Jackson, Catherine Cortez Masto, Biden, Cortez Masto, “ I’m, Todd Young, Tim Kaine, Mark Warner, Rand Paul, Mitch McConnell, Bill Hagerty, Marsha Blackburn ,, Joe Manchin, Roger Marshall, Katie Britt Organizations: CNN Business, Bell, New York CNN, Nvidia, Revenue, Nvidia can’t, Washington Service, Interactive, CNBC, Columbia University, New York University, Israel, Fund, SEC, NYU, …, CNN, US, EU, Indiana Locations: New York, California, China, Wedbush, Israel, Gaza, Columbia, Nevada, American, Virginia, Kentucky, Tennessee, Marsha Blackburn , West Virginia, Joe Manchin , Kansas, Alaska

☆ Israeli regulators are looking into unusual trading prior to October 7 attack
▼ + stars: | 2023-12-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Regulators in Israel are aware of and reviewing research that suggests some unknown traders may have had advance knowledge of the October 7th Hamas attacks. “This subject is known and is being thoroughly checked,” Sivan Carmon, a spokesperson for the Israel Securities Authority, told CNN in a statement on Tuesday. The ISA, the Israeli equivalent of the US Securities and Exchange Commission, is charged with fighting securities fraud, insider trading and other market abuse. Experts urged regulators to investigate the matter, including by looking at nonpublic market data that researchers did not have access to. “Of course, that’s quite different from trading based on inside knowledge of terrorist attacks,” Whitehead said.

Persons: ” Sivan Carmon, hasn’t, Yaniv Pagot, ” Pagot, ” Charles Whitehead, Whitehead, ” Whitehead, ” – CNN’s Gayle Harrington Organizations: CNN, Regulators, Israel Securities Authority, Columbia University, New York University, ISA, US Securities and Exchange Commission, Industry Regulatory Authority, Israel, Fund, Tel Aviv Stock Exchange, Bank Leumi, Cornell Law School Locations: Israel, Gaza, San Francisco

☆ Unknown traders appear to have anticipated October 7 Hamas attack, research finds
▼ + stars: | 2023-12-04 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Short selling is a way to bet against the value of a security. “Our findings suggest that traders informed about the coming attacks profited from these tragic events,” the authors wrote. The research found that on October 2, just five days before the Hamas attack, “nearly 100% of the off-exchange trading volume in the MSCI Israel ETF … consisted of short selling.”“Days before the attack, traders appeared to anticipate the events to come,” the professors wrote. In the days before the attack, bets against Israeli securities traded on the Tel Aviv Stock Exchange “increased dramatically,” the paper said. “Taken together, our evidence is consistent with informed traders anticipating and profiting from the Hamas attack,” the authors wrote.

Persons: hasn’t, Jonathan Macey, ”, Robert Jackson Jr, Joshua Mitts, “, Mitts, it’s “, ” Mitts, Jackson, Bill Bagley, Charles Whitehead, Whitehead, – Organizations: New, New York CNN, Columbia University, New York University, Israel, Fund, Yale Law School, CNN, “ Regulators, SEC, NYU, …, US Securities and Exchange Commission, Israeli Securities Authority, Reuters, Financial Industry Regulatory Authority, Tel Aviv Stock Exchange, Bank, Cornell Law School Locations: New York, Israel, Gaza, Columbia, Bank Leumi

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