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☆ 'Be like Buffett' and buy the dip in Apple stock before its next iPhone announcement, analyst says
▼ + stars: | 2024-04-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Investors should imitate Warren Buffett and buy Apple while it's cheap, Bernstein's Toni Sacconaghi said. He says the stock is attractively priced, pushed down by cyclical issues in China, not due to fundamental problems. The stock will also see boosted upside from its forthcoming iPhone 16 cycle, he told CNBC. AdvertisementInvestors should grab Apple because it's looking cheap, Bernstein said on Monday, turning bullish on the stock for the first time in years. "What we found is, we're getting a price break on it," Sacconaghi told CNBC Tuesday.

Persons: Warren Buffett, Toni Sacconaghi, —, Bernstein, Buffett, we're, Sacconaghi, Apple's Organizations: Apple, CNBC, Service Locations: China, Bernstein's

☆ Goldman sees 10% downside for Tesla even after China self-driving progress
▼ + stars: | 2024-04-30 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Tesla shares could cool following Monday's rally as obstacles remain to achieving full self-driving technology in China, according to Goldman Sachs. But Goldman analyst Mark Delaney has a $175 price target, which implies a 9.8% downside from the stock's last closing price. "Importantly, Tesla will also need to navigate government rules on data access, localization, and AI which could complicate technology sharing within/outside of China." Tesla shares opened down more than 3% on Tuesday. Despite Monday's rally, Tesla stock is still down almost 22% in 2024 as the company contends with sales challenges.

Persons: Goldman Sachs, Goldman, Mark Delaney, Delaney, Tesla Locations: China

☆ Tesla Reaches Deals in China on Self-Driving Cars
▼ + stars: | 2024-04-29 | by ( Keith Bradsher | ) www.nytimes.com time to read: +1 min

Tesla had faced a couple hurdles to offering the latest level of autonomous driving, which it calls supervised Full Self-Driving. It has needed approval from Chinese regulators, who questioned whether the company took adequate precautions to protect data. The government-linked China Association of Automobile Manufacturers later announced that Tesla and five Chinese automakers had obtained approval from authorities and the association for their data security precautions on dozens of car models. The rules bar automakers in China from using software that would identify the faces of anyone outside their vehicles, and include many other restrictions. Self-driving systems use cameras to guide vehicles.

Persons: Tesla, Elon Musk, Musk, Li Qiang, Xi Jinping, Li Organizations: Sunday, Communist Party, China Association of Automobile Manufacturers Locations: Beijing, China, Shanghai

☆ Match Group CEO says he has empathy for victims of romance scams but 'things happen in life'
▼ + stars: | 2024-04-29 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Romance scams typically targeting baby boomers and older generations are becoming increasingly popular on dating apps and websites, according to the Federal Trade Commission. Just last year, the FBI's Internet Crime Report estimated that Americans lost more than $650 million to romance scams. Bernard Kim, CEO of Match Group, spoke with CBS News on the growing threat of online romance scams carried out by people overseas. Match Group — which owns Match.com and Tinder — is the largest online dating company in the United States. Match Group did not immediately return a request for comment from Business Insider.

Persons: —, Bernard Kim, Kim, Grady Judd, Judd Organizations: Service, Federal Trade Commission, Business, FTC, Match, CBS News, CBS, Match Group Locations: United States, Polk County, Florida

☆ Two 2024 tech laggards are driving the stock market higher Monday — here's why
▼ + stars: | 2024-04-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Driving the S & P 500 higher, ironically, are the two "Magnificent 7" stocks that have underperformed all year: Tesla and Apple . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Tesla, Elon Musk, Bernstein, There's, Cramer, Eli Lilly, Jim Cramer's, Jim, Tim Cook, Pedro Pardo Organizations: CNBC, GE Healthcare, PayPal, McDonalds, Devices, Jim Cramer's Charitable, Apple's, China Development Forum, AFP, Getty Locations: China, Wells, Wells Fargo, Eaton, Beijing

Rescue teams are digging through the mud and debris trying to find survivors near Mai Mahiu, in Kenya’s Nakuru County, Gov. In Mai Mahiu, Kihika said a serious situation was unfolding as floodwaters swept away people and homes. Access to Mai Mahiu, 20 miles north of the capital Nairobi, had been difficult as part of the road had been cut off from recent heavy rains, Kihika said. Other video shows vast flooding around the Tana River, with large parts of the surrounding area underwater. Heavy rains in East Africa have also affected Tanzania and Burundi.

Persons: Susan Kihika, Isaac Maigua Mwaura, Mai Mahiu, Kihika, ” Kihika, Tana, Andre Kasuku, downpours, El Niño, Jagan Chapagain, Kassim Majaliwa Organizations: Kenya CNN —, Gov, CNN, Kenya Red Cross Society, of Education Locations: Nairobi, Kenya, Mai Mahiu, Kenya’s Nakuru County, Mai, Mororo, Tana River, Garissa, North Eastern Kenya, Tana, Kona, Tana River County, East Africa, Tanzania, Burundi, Tanzanian

☆ The wild-looking Russian 'turtle tanks' that keep showing up may not be as crazy as they seem
▼ + stars: | 2024-04-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Its new "turtle tanks" may look silly, but there are indications they may be effective. Some OSINT pages highlighted the turtle tank's role in the assault on Krasnohorivka. Abandoned Russian ‘turtle’ tank on the Krasrohorivka front. AdvertisementVideos of Russian “turtle” tanks during assaults on Chasiv Yar and Krasnohorivka. The Russian turtle tanks are a clear step beyond the widely documented "cope cages" both sides have relied on to try and shield their heavy armor throughout the war.

Persons: —, Rob Lee, — Rob Lee, Lee, /htt, per a, lea, ely Organizations: Service, Foreign Policy Research Institute, Russia's, Rifle Brigade, Russia's 5th Motorized Rifle Brigade Locations: Russia, Ukraine, Moscow, Ukrainian, Krasnohorivka, Donetsk

☆ Top Tesla analyst Adam Jonas says Musk's China visit means 'he's back' and fully committed to EV maker
▼ + stars: | 2024-04-29 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

"Elon Musk's visit to China means far more than seeking approval for self driving tech on Chinese roads. Jonas reiterated an overweight rating on Tesla stock, alongside a $310 per share price target, implying more than 82% upside from Friday's $169.29 close. Tesla jumped as much as 14.4% on Monday following news of Musk's visit to China and meeting with Chinese Premier Li Qiang , as investors interpreted it as a sign of Musk's commitment to Tesla. To be sure, Musk's visit to China doesn't mean a breakthrough for FSD technology will come sooner. Tesla stock has faced increased pressure in 2024 on several fronts, and has still slumped 22% even after Monday's rally.

Persons: Elon, he's, Morgan Stanley's, Adam Jonas, Elon Musk's, Jonas, Tesla, Premier Li Qiang, Musk, Elon Musk, FSD Organizations: Premier, Twitter, SpaceX, Tesla Locations: China, Delaware, Beijing

☆ Scammers stole more than $400,000 from a woman through an elaborate Publisher's Clearing House sweepstakes scam: police
▼ + stars: | 2024-04-27 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Scammers reportedly tricked a woman into believing she won $3 million, then stole $400,000 from her. AdvertisementScammers in Florida tricked a woman into thinking she won $3 million, then stole $400,000 from her bank account. AdvertisementDuring Friday's press conference, Judd said the scammers targeted an elderly woman with early signs of dementia. They told her she won $3 million in a Publisher's Clearing House sweepstakes, and that she needed to pay them taxes, Judd said. The Federal Trade Commission says the best way to spot a sweepstakes scam is to look at what the party offering the money asks you to do next.

Persons: Scammers, —, Michael Lawrence, Max Richards, Grady Judd, Lawrence, Richards, Judd, Polk Organizations: FTC, Service, Fox, Federal Trade Commission Locations: Florida, Polk County, Polk

Emory University: 28 people were arrested, including 20 Emory community members, during a protest at the school, Vice President for Public Safety Cheryl Elliott said. Brown University: The university identified about 130 students who it alleges violated a school conduct code that forbids encampments on campus. George Washington University: DC Metropolitan Police were asked to assist in relocating an “unauthorized protest encampment” on campus, university president Ellen M. Granberg said. Northeastern University: An encampment formed at Northeastern University in Boston, where dozens of protesters were seen forming a human chain around several tents. Other campuses: Since last Thursday, there have been protests at several campuses, including the Massachusetts Institute of Technology, University of Texas at Austin, University of Michigan, University of New Mexico, University of California, Berkeley, Yale University, Harvard University, Princeton University and the University of Minnesota’s Twin Cities campus.

Persons: —, Minouche, Shafik, Cheryl Elliott, Jay Bernhardt, Ellen M, Granberg, GWPD Organizations: New York's Columbia University, Columbia University, The New York Times, University of Southern, Emory University, Emory, Public, Troopers, Georgie State Patrol, Democratic, Georgia State Patrol, Emory . Brown University, Students, Emerson College, Boston, Boston Police Department, Indiana University, George Washington University, DC Metropolitan Police, University of California, UCLA, Northeastern University, Massachusetts Institute of Technology, University of Texas, Austin , University of Michigan, University of New, Yale University, Harvard University, Princeton University, University of Minnesota’s, University of Minnesota’s Twin Cities Locations: Israel, Gaza, University of Southern California, Democratic Georgia, Los Angeles, Boston, University of New Mexico, Berkeley, University of Minnesota’s Twin

☆ Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant
▼ + stars: | 2024-04-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +16 min

David Paul Morris | Getty Images News | Getty ImagesThe iPhone could have had an Intel chip inside. It would've made sense to use Intel chips, which ran on the best desktops at the time, including Apple's Macs. Braithwaite, who worked at Intel in the 1980s, said Intel's process engineers were the company's "crown jewels." Intel doesn't have a GPU competitor to Nvidia's AI accelerators, but it has an AI chip called Gaudi 3. For comparison, AMD expects about $2 billion in annual AI chip revenue.

Persons: Pat Gelsinger, Seth Wenig, Gelsinger, Biden, Nicholas Braithwaite, Akshara Bassi, It's, Steve Jobs, David Paul Morris, Apple, Paul Otellini, Walter Isaacson's, Otellini, Isaacson, Jobs, Apple didn't, Apple —, TSMC, Mikako Kitagawa, Joe Biden, Brendan Smialowski, Braithwaite, Gordon Moore, Moore's, Brian Krzanich, 7nm —, TSMC didn't, Jensen Huang, Josh Edelson, OpenAI, Gaudi, Intel's, it's, Bassi, CNBC's Jon Fortt Organizations: Intel, Taiwan Semiconductor Manufacturing Company, Nvidia, Micro Computer, Qualcomm, Broadcom, Texas Instruments, AMD, Apple, Celesta, Meta, Microsoft, Getty, Samsung, Gartner, Asus, AFP, Semiconductor, Engineers, SAP Center, Afp, Companies, Blackwell, Habana Labs, Gaudi, FactSet, U.S Locations: New York, American, U.S, Chandler , Arizona, California, San Jose , California, Taiwan, Columbus , Ohio

☆ The IPO reopening is real. Just look at Rubrik, the first unicorn to go public in months
▼ + stars: | 2024-04-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. Marex Group, a UK-based financial services company known for its global clearing business, priced 15.4 million shares at $19, the midpoint of the price talk of $18-$21, raising $292 million. Loar Holdings, which makes aerospace and defense components, priced 11 million shares at $28, above the range of $24-$26, raising $308 million. All eyes on Rubrik Rubrik is an important test of the tech IPO market.

Persons: Matt Kennedy, Rubrik, Kennedy, Ingram, Del Organizations: Marex, Nasdaq, Loar Holdings, New York Stock Exchange, Viking Holdings, Arm Holdings, Renaissance Capital, UL, Astera Labs, Forge, Companies, Ingram Micro, Epic Locations: Del Monte

☆ Male infertility contributes to about 40% of cases of infertility. What to do about it
▼ + stars: | 2024-04-24 | by ( Dr. Jamin Brahmbhatt | ) edition.cnn.com time to read: +9 min

I think the possibility that the man could have fertility issues can be more than just a clinical concern. That isn’t the case, which is why it’s crucial to broaden our focus and address male infertility. Within this context, male infertility plays a significant role, contributing to around 40% of cases of infertility. Treating male infertilityTreating your male fertility issues can start right now. Don’t stay silentTackling male infertility requires care that extends beyond the confines of medical treatment.

Persons: Jamin, That’s, “, you’re, what’s Organizations: Orlando Health, University of Central Florida’s College of Medicine, CNN, Consulting Locations: Alabama, United States

Others took evening walks in the city and shared the bright orange scenes on social media. A low-pressure system over northern Africa swept dust over Cyprus several times in mid-April, “darkening skies and reducing air quality,” NASA said Tuesday. Dust was expected to continue to cross the Mediterranean, impacting both Cyprus and Greece over the next several days, NASA said. People cross a snow covered railway in Helsinki, Finland, on April 23, 2024, as an unusual weather system brought trams in the city to a halt. Photos showed Helsinki residents walking through thick snow and ice, carrying umbrellas under heavy snowfall, and tall clusters of snow piled up on sidewalks, cars and scooters.

Persons: Alessandro Rampazzo, Johannes Laitila, Finavia, ” Finavia, ”, Antti Vigelius Organizations: CNN, NASA, Anadolu Agency, Getty, YLE, Helsinki Airport, Johannes Locations: Greece, Africa, Athens, Cyprus, Helsinki, Finland, Europe

Columbia University set a midnight deadline late on Tuesday for an encampment of student protesters to disband, after which New York City police could be sent in to clear the grounds and make arrests. After the deadline passed there was confusion inside the campus about whether it had been extended or whether the encampment would be cleared. In an email to the university two hours before midnight, Columbia’s president, Nemat Shafik, said university administrators were in talks with student organizers in an attempt to reach an agreement before the deadline, after which the school would consider “alternative options” for clearing the lawn. That touched off criticism from all sides about her handling of the campus protests. The encampment re-emerged larger than the initial one after it was cleared.

Persons: Nemat Shafik, Shafik Organizations: Columbia University, New Locations: New York City, Gaza

How the Senate Voted on Foreign Aid to Ukraine, Israel and TaiwanThe Senate on Tuesday passed the long-stalled $95.3 billion package of aid to Ukraine, Israel and Taiwan, along with legislation that could lead to a ban on TikTok, clearing the measure and sending it to President Biden for his signature. Total Bar chart of total votes Yes 0 0 0 0 Votes needed No 0 0 0 0 Note: Three senators did not vote. The measure includes $60.8 billion for Ukraine; $26.4 billion for Israel and humanitarian aid for civilians in conflict zones, including Gaza; and $8.1 billion for the Indo-Pacific region. It took Mr. Johnson two additional months to figure out a way to steer around his right flank and do so. The TikTok provision was included as part of an effort to sweeten the deal for conservatives.

Persons: Biden, Mike Johnson, Donald J, Trump, Johnson Organizations: Foreign Aid, Senate, Dem, Capitol, Republicans, Lawmakers Locations: Ukraine, Israel, Taiwan, Gaza, Iran, United States, Beijing

☆ Supreme Court to Consider How Far Cities Can Police Homelessness
▼ + stars: | 2024-04-22 | by ( Abbie Vansickle | ) www.nytimes.com time to read: +1 min

The Supreme Court will consider on Monday how far cities and states can go to police homelessness, in a case that could have profound implications for how the country addresses an escalating crisis. The case reflects a broader fight over regulating homelessness and the complexity of balancing the civil rights of homeless people with concerns about health and safety in public spaces. The issue has united people across the political spectrum, with some leaders of left-leaning cities and states joining with conservative groups to urge the justices to clarify the extent of their legal authority in clearing encampments that have proliferated across the West in recent years. The dispute centers on Grants Pass, a city of about 40,000 in southern Oregon that, through a series of overlapping ordinances, outlawed sleeping and camping with any kind of bedding in public spaces. The question before the justices is whether those laws went so far that they punished people for being homeless and violated the Eighth Amendment’s prohibition on cruel and unusual punishment.

Locations: Grants, Oregon

☆ A.I.-Generated Child Sexual Abuse Material May Overwhelm Tip Line
▼ + stars: | 2024-04-22 | by ( Cecilia Kang | ) www.nytimes.com time to read: +1 min

A new flood of child sexual abuse material created by artificial intelligence is threatening to overwhelm the authorities already held back by antiquated technology and laws, according to a new report released Monday by Stanford University’s Internet Observatory. technologies have made it easier for criminals to create explicit images of children. The organization’s CyberTipline, created in 1998, is the federal clearing house for all reports on child sexual abuse material, or CSAM, online and is used by law enforcement to investigate crimes. “Almost certainly in the years to come, the CyberTipline will be flooded with highly realistic-looking A.I. content, which is going to make it even harder for law enforcement to identify real children who need to be rescued,” said Shelby Grossman, one of the report’s authors.

Persons: doesn’t, ”, Shelby Grossman Organizations: Stanford, National Center for

☆ This couple bought a rundown abandoned house for $1.5 million and plan to make it their forever home: Take a look inside
▼ + stars: | 2024-04-20 | by ( Jenna Phipps | Nick Volkov | ) www.cnbc.com time to read: +6 min

Jenna Phipps and Nick Volkov bought this abandoned property in Vancouver with plans to turn it into their forever home. Jenna Phipps and Nick VolkovThe house was so dilapidated that the realtor had the couple sign a waiver before entering. The house was valued at $3.4 million CAD or $2.5 million USD with an asking price of $2.6 million CAD or $1.9 million USD. The original house was built in 1961 and had been abandoned for years before the couple bought it in 2024. Jenna Phipps and Nick Volkov

Persons: Jenna Phipps, Nick Volkov, Phipps, Volkov Organizations: CNBC, Royal Bank of Canada Locations: Vancouver, Vancouver , British Columbia, Canada

☆ Biden administration releases formal proposal for new student loan forgiveness plan
▼ + stars: | 2024-04-17 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Biden administration has published its new student loan forgiveness proposal, putting it on the path to start clearing debt for millions of borrowers this fall. Outstanding federal education debt in the U.S. stands at around $1.6 trillion, and burdens Americans more than credit card or auto debt. Here's what to know about Biden's new relief plan. More than 25 million federal student borrowers owe more than they originally borrowed, according to the Biden administration.

Persons: Joe Biden, Andrew Caballero, Reynolds, Biden, Joe Biden's, FAFSA, haven't Organizations: Madison Area Technical College, AFP, Getty, U.S, Supreme, U.S . Department of Education, Consumer, Finance, Harvard, Education Department, Education Locations: Madison , Wisconsin, U.S

☆ Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud, documents show
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: +5 min

Foreign reserves were around $100 billion at the end of the year, according to the central bank. The central bank did not reply to requests for comment about the rescue effort. The finance ministry referred a question to the central bank. The central bank placed SCB under its supervision to stem a run on the bank sparked by the October 2022 arrest of real estate tycoon Truong My Lan. That was up from 478 trillion dong at the end of October, according to the SCB document that was sent to the central bank.

Persons: Truong My, Truong, Lan Organizations: AFP, Getty, Stock Commercial Bank, Reuters, ASEAN, Research, SCB, State Bank of, Bank Locations: Ho Chi Minh City, Vietnam, Saigon, State Bank of Vietnam's, People's

☆ Bank of America's dealings with Leon Black and Jeffrey Epstein are in the Senate's crosshairs
▼ + stars: | 2024-04-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A Senate committee is asking Bank of America about payments from Leon Black to Jeffrey Epstein. The Senate is investigating tax avoidance strategies used by the mega-rich, The New York Times reports. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Senate committee investigating $158 million in payments that private equity investor Leon Black made to Jeffrey Epstein has brought Bank of America into the mix.

Persons: Leon Black, Jeffrey Epstein, —, Ron Wyden Organizations: Bank of America, New York Times, Black, Service, Senate Finance Committee, Business Locations: Oregon

☆ The Masters: Bryson DeChambeau tears signpost from ground to set up improvised escape shot
▼ + stars: | 2024-04-13 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Several signs point to Bryson DeChambeau winning this year’s Masters, including the one he yanked out of the ground at Augusta National on Friday. A thunderous 372-yard drive from the 17th tee during his second round served as a reminder of his status as one of the game’s all-time heaviest hitters. “Playing great golf,” Dechambeau said. Putting is in a great place. Chipping is in a great place.

Persons: Bryson DeChambeau, DeChambeau –, ”, LIV, Augusta National’s, Maddie Meyer, DeChambeau, “, ” DeChambeau, Max Homa, Scottie Scheffler, ” Dechambeau, Homa Organizations: CNN, Augusta National, Chipping

☆ Israel is struggling to find and kill the top Hamas commanders it wants most
▼ + stars: | 2024-04-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

The IDF has managed to kill some of Hamas' top commanders, but it continues to hunt down others. AdvertisementMore than six months into its war in Gaza, Israel has little to show for its efforts. Israel has claimed that it has eliminated a significant number of mid- to senior-level commanders of Hamas' military wing, known as the al-Qassam Brigades. Related storiesAll three men were known to be Hamas military operatives, Israel said. AP Photo/Leo CorreaBut several top Hamas military leaders, including those most wanted by Israel, remain at-large.

Persons: —, Marwan Issa, Jake Sullivan, Issa, Israel, Gaza's, Khan Younis, Fatima Shbair Israel, Saleh, Israel's Shin, Ismail Haniyeh, Haniyeh, Leo Correa, Yahya Sinwar, Mohammed, Mohammed Deif, Sullivan, Charlie Herbert, Herbert, Herbert said, Yoav Gallant, Biden Organizations: IDF, White, Service, Israel Defense Forces, AP, White House, Gaza's Hamas, United Nations, Hezbollah, Brigades, Hamas, 162nd Division, Israeli Locations: Israel, Gaza, Qatar, Beirut, Lebanon, Iran, Hamas, Jerusalem, Yemen, NATO, Khan, Rafah, Western

☆ Haiti in Crisis Sets Up Ruling Council, Clearing Way for an Acting Leader
▼ + stars: | 2024-04-12 | by ( David C. Adams | Andre Paultre | ) www.nytimes.com time to read: +1 min

A new transitional ruling council was finalized in Haiti on Friday to try to bring political stability to a country wracked by escalating gang violence and a worsening humanitarian crisis. The council’s formation, announced in an official state-run bulletin, comes after gangs who have a brutal grip on much of the capital prevented the prime minister, Ariel Henry, from returning to the country after a trip overseas and ultimately pushed him to announce his resignation. The presidential transition council is tasked with restoring law and order through the appointment of an acting prime minister to head a new government as well as to pave the way for the election of a new president. A coalition of armed gangs has had control of most of the capital, Port-au-Prince, since it launched an offensive in late February, destroying police stations and government offices, looting banks and hospitals and killing and kidnapping hundreds of people.

Persons: Ariel Henry Locations: Haiti, Port

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