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[1/2] Former U.S. President Donald Trump speaks during a rally at Florence Regional Airport in Florence, South Carolina, U.S., March 12, 2022. Kaplan said Trump's offer would "almost certainly" delay a scheduled April 25 trial and unduly harm Carroll, who has long accused Trump of stalling. Joseph Tacopina, who joined Trump's legal team two weeks ago, and Carroll's lawyer Roberta Kaplan declined to comment. Carroll originally sought Trump's DNA to compare against a dress she said she wore when the alleged rape occurred. The second lawsuit came in November after Trump repeated his denial, using similar language, in a social media post the prior month.

Burry was featured in the 2010 nonfiction book "The Big Short" by Michael Lewis which was made into a popular movie five years later. Farallon, meanwhile, added 2,197,000 shares of Alibaba, while Coatue added 4,796,186 shares of Alibaba and 1,221,551 shares of JD.com. China began taking steps to end its zero-COVID policy, which was among the world's strictest anti-coronavirus regimes, in December. Hedge fund managers' positions were revealed in 13F filings that show what fund managers owned at the end of the quarter. While they are backward-looking, these filings are one of the few public disclosures of hedge fund portfolios.

☆ China slams U.S. for blacklisting six Chinese entities
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

[1/2] The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. REUTERS/Randall Hill/File PhotoBEIJING, Feb 14 (Reuters) - China resolutely opposes Washington adding six Chinese entities to its trade blacklist after a Chinese balloon was detected over the United States last week and shot down, China's commerce ministry said on Tuesday. "China hopes the U.S. will stop unreasonable suppression of Chinese enterprises, and will take necessary measures to resolutely safeguard legitimate rights and interests of Chinese enterprises," the ministry said. The Biden administration last Friday blacklisted six Chinese entities connected to Beijing's suspected surveillance balloon program. read moreThe entities include the government-owned China Electronics Technology Group Corporation 48th Research Institute, as well as Beijing Nanjiang Aerospace Technology, a unit of Shanghai-listed developer Deluxe Family (600503.SS).

☆ Sending a spy balloon was a 'clumsy' move by China that 'put a missile' through an already bad situation with the US, foreign policy expert says
▼ + stars: | 2023-02-10 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

The Chinese spy balloon "put a missile" through an already strained relationship with the US, an expert said. The balloon incident also torpedoed US Secretary of State Antony Blinken's high-stakes trip to China. The Chinese balloon was an "incredibly clumsy gesture" on Beijing's part and it "deprived us of a very important moment to arrest the downward spiral," Schell said. And though Beijing has admitted that the downed balloon belonged to China, it has insisted it was a weather balloon that blew off course. Glaser added that it is also not in the US' interests "to completely rupture" its relationship with China.

☆ US officials say getting their hands on China's spy balloon was a 'key' reason for shooting it down near a South Carolina beach
▼ + stars: | 2023-02-09 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

US officials say balloons have crossed over the US before as part of a wider Chinese surveillance program. The eight-day wait and the sensitivity of those bases have alarmed lawmakers, who called defense officials to Capitol Hill on Thursday to explain their handling of the incident. US sailors recover a high-altitude surveillance balloon off of Myrtle Beach on February 5. US sailors recover a high-altitude surveillance balloon off of Myrtle Beach on February 5. A Chinese spy balloon drifts to the ocean after being shot down off the South Carolina coast on February 4.

☆ FBI says Chinese balloon analysis effort is in early stages
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. Officials said the FBI still did not have access to the majority of the balloon's "payload" where most of the onboard electronics were likely carried. The FBI said much of the evidence remains underwater, and that it has begun decontaminating some of its remains by removing salt and seawater. "We have not identified any sort of any energetic or offensive material," one of the FBI officials said, when asked whether any explosives or other harmful components had been identified from the balloon. The FBI officials said they did not yet have information on where some of the balloon components were manufactured, but that such evidence when recovered could be used for intelligence purposes or possible criminal charges.

☆ Analysis: Rebounding yields could scuttle U.S. stock rally as Powell stays firm on rates
▼ + stars: | 2023-02-08 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) rose 1.3% along with a 6 basis points rise in the 10-year U.S. benchmark Treasury yield . yields vs stocksHigher bond yields dull the relative appeal of stocks while raising companies’ borrowing costs. Higher Treasury yields can also weaken the valuations of equities in standard valuation models, particularly for tech and other companies that rely on future profits that are discounted at higher rates when yields rise. Meanwhile, some investors are not yet worried about the threat to stocks from yields. Jacobsen is bullish on growth stocks, which were squashed by higher yields last year but have staged a strong rebound in 2023.

WASHINGTON, Feb 8 (Reuters) - Four previous Chinese spy balloon flights over the United States passed over sites that would be of interest to Beijing, the Pentagon said on Wednesday, without elaborating on the paths the balloons took or whether the U.S. sites were military ones. Pentagon spokesperson Brigadier General Patrick Ryder said the United States was aware of the four past flights before it detected the latest Chinese balloon. "They were over sites that would be of interest to the Chinese," Ryder told reporters. [1/2] The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. The Pentagon said over the weekend that Chinese spy balloons had briefly flown over the United States at least three times during President Donald Trump's administration and one previously under President Joe Biden.

☆ China says it wants its busted balloon back after the US Navy fished the suspected spy craft out of the ocean
▼ + stars: | 2023-02-08 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

China now wants its busted balloon returned to it after the US shot it down. US Navy divers fished pieces of the massive balloon out of the Atlantic Ocean this weekend. The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. Chinese officials have admitted the balloon belongs to China but said it was a weather balloon that blew off course. Newly released images from the US Navy show divers pulling debris from the massive balloon out of the Atlantic Ocean.

☆ U.S. recovers suspected Chinese spy balloon remnants
▼ + stars: | 2023-02-07 | by ( Dave Lucas | ) www.reuters.com time to read: +1 min

A jet flies by a suspected Chinese spy balloon after shooting it down off the coast in Surfside Beach, South Carolina, February 4, 2023. "We successfully took it down, and I want to compliment our aviators who did it," President Joe Biden said. Biden...moreA jet flies by a suspected Chinese spy balloon after shooting it down off the coast in Surfside Beach, South Carolina, February 4, 2023. "We successfully took it down, and I want to compliment our aviators who did it," President Joe Biden said. Multiple fighter and refueling aircraft were involved in the mission, but only one -- an F-22 fighter jet -- took the shot, using a single AIM-9X missile, a senior U.S. military official said.

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

[1/2] The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. REUTERS/Randall HillWASHINGTON, Feb 5 (Reuters) - The U.S. military said on Sunday it is searching for remnants of the suspected Chinese surveillance balloon it shot down the previous day, in a dramatic spy saga that has further strained American-Chinese relations. A successful recovery could potentially give the United States insight into China's spying capabilities, though U.S. officials have downplayed the balloon's impact on national security. Democrats said Biden's decision to wait to shoot down the balloon until it had passed over the United States protected civilians from debris crashing to Earth. The Pentagon will brief senators on the balloon and Chinese surveillance on Feb. 15, Schumer said.

☆ Sundance Movies: Brett Kavanaugh and Steph Curry Docs, "Cat Person"
▼ + stars: | 2023-02-06 | by ( Alison Brower | ) www.businessinsider.com time to read: +7 min

The Sundance Film Festival was back in person for the first time since 2020. In five days I saw eight films, and while I'm not a critic, I can affirm that not one of them was a clunker. Asked about the film's aspect ratio in an audience Q&A, Jalali said, "It was prettier that way." The bulk of the films I saw were more commercial, and four of them centered on relationships. And then there was "Cat Person," based on a 2017 New Yorker story about dating by Kristen Roupenian.

☆ Morning Bid: Hot air
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +3 min

Still, stocks rallied and bond yields fell as markets priced in lower rates. Now, it appears that some of these expectations were a load of hot air. The U.S. jobs data showed the unemployment rate hit more than a 53-1/2-year low of 3.4%. U.S. stock futures traded lower and FTSE futures indicated a weaker start for British stocks (.FTSE), which vaulted to a record high on Friday. European index futures also traded lower.

☆ Some Investors Are Missing Out on Higher Yields—and Don’t Know It
▼ + stars: | 2023-02-05 | by ( Randall Smith | ) www.wsj.com time to read: 1 min

As money-market rates have risen, investors would do well to check what they are getting in sweep accounts, say advisers. Stocks and bonds both fell sharply last year. But one bright spot in financial markets was the rising interest rates on money-market funds, which in December topped 4% on average for the first time in 15 years. Money-fund rates have stayed high so far this year, now averaging 4.18%, according to Crane Data LLC. That’s a big increase from just a few months ago, and investors who aren’t aware of the climb in rates—or who don’t act on it—could be missing out on an opportunity for much higher returns than they’re getting now on the cash in their brokerage accounts.

☆ Republicans criticize Biden for waiting to shoot down Chinese balloon
▼ + stars: | 2023-02-05 | by ( David Lawder | ) www.reuters.com time to read: +5 min

[1/3] The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. Schumer said downing the balloon into the ocean likely enables U.S. intelligence officials to examine its remnants. The Pentagon will brief senators on the balloon and Chinese surveillance on Feb. 15, Schumer said. Trump on Sunday disputed Austin's statement that Chinese government surveillance balloons had transited the continental United States briefly three times during his presidency. Speaking on Fox News Channel's "Sunday Morning Futures" show, Trump's former director of national intelligence John Ratcliffe also denied such balloon incidents.

☆ U.S. shoots down suspected Chinese spy balloon with a single missile
▼ + stars: | 2023-02-04 | by ( Dave Lucas | ) www.reuters.com time to read: +1 min

☆ Exclusive: Volvo readies EV blitz in biggest product revamp under Geely
▼ + stars: | 2023-02-02 | by ( Norihiko Shirouzu | ) www.reuters.com time to read: +3 min

[1/5] A Volvo S60 is displayed during the inauguration of Volvo Cars first U.S. production plant in Ridgeville, South Carolina, U.S., June 20, 2018. The Swedish carmaker, wholly owned by China’s Zhejiang Geely Holding Group, is expected to launch at least six new battery electric vehicles through 2026, the two people told Reuters. The previously unreported product plans amount to the largest revamp of Volvo’s model line-up since Geely acquired the brand from Ford Motor Co (F.N) in 2010. Under Geely, Volvo initially started to share technologies such as car platforms with Geely. Volvo has carved out and sold its gasoline engine and hybrid powertrain operations to Geely.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

BOSTON, Jan 31 (Reuters) - The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding investors and customers out of millions of dollars by marketing a virtual currency called My Big Coin with lies and half-truths. Federal prosecutors had urged U.S. District Judge Denise Casper in Boston to impose a 13-year prison term on Randall Crater to send a message to others in the first sentencing of a cryptocurrency company founder for a marketing fraud. While Casper concluded that that request went too far, she rejected Crater's contention that a 30-month prison term was sufficient to punish him for his false claims, including that My Big Coin was a real cryptocurrency backed by gold. Prosecutors subsequently secured Crater's indictment in 2019 and accused him of causing investors and customers to lose $7.5 million from 2014 to 2017 with lies about My Big Coin, whose name sounded similar to the popular virtual currency bitcoin. Prosecutors said those false claims included that My Big Coin was a real virtual currency, was backed by gold and had a partnership with MasterCard (MA.N).

☆ The Sundance Film Festival stirs buzz, draws A-list stars, and screens movies that get you talking, but it can't hide the crisis facing independent filmmakers.
▼ + stars: | 2023-01-29 | by ( Alison Brower | ) www.businessinsider.com time to read: +6 min

The Sundance Film Festival was back in person for the first time since 2020. A-list stars like Anne Hathaway and Jason Momoa were present to promote their buzzy films. It was impossible not to feel optimistic about the state of independent film at the opening weekend of the Sundance Film Festival. In five days I saw eight films, and while I'm not a critic, I can affirm that not one of them was a clunker. At an event like Sundance, even amid some hand-wringing over the future, the excitement is contagious.

Body camera video shows punches on ground, Nichols saying 'mom' Portions of body camera video released in the death of Tyre Nichols shows him being punched several times while he is on the ground. The call was made in advance of the expected public release of video in the death of Tyre Nichols, who died after a violent encounter with Memphis police officers on Jan. 7. Share this -Link copiedMemphis fire officials receive video showing Tyre Nichols' beating, will conclude investigation next week The Memphis Fire Department said it received full access to video footage showing the fatal beating of Tyre Nichols earlier Friday. The five Memphis officers involved in the traffic stop were fired and have since been arrested on numerous charges including murder. "I will ask everyone to heed the words of Tyre Nichols' mother," Hochul said.

☆ Trump's political ascent was fueled by Southern Republicans. Now they're his main 2024 opponents
▼ + stars: | 2023-01-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +10 min

REUTERS/Randall HillIn the pivotal 2016 South Carolina primary, Trump won the contest — beating Bush, Rubio, and Cruz in their own Southern backyard. AP Photo/Richard Drew, FileTrump is no longer a Washington outsiderIn 2016, Trump was a novelty to many Republican voters. And in recent months, DeSantis has increasingly eclipsed Trump as the top presidential choice among GOP primary voters. Haley and Scott could potentially be competitors to win the 2024 GOP presidential nomination. By the time the Florida GOP primary was held, Jeb Bush had already suspended his campaign, humbled by his fourth-place showing in South Carolina.

☆ Wood's ARK Innovation Fund on pace for best month ever as battered stocks surge
▼ + stars: | 2023-01-27 | by ( David Randall | ) www.reuters.com time to read: +2 min

NEW YORK, Jan 27 (Reuters) - Cathie Wood's ARK Innovation Fund is closing in on the best monthly performance in its history as it rides a rebound in many of the high-growth stocks that took a beating last year. The $7.3 billion ARK Innovation (ARKK.P) fund is up slightly more than 25% for the month to date, putting it ahead of the 25% gain it notched in April 2020. Investors are awaiting the Feb. 1 conclusion of the Fed's monetary policy meeting for clues on whether easing inflation is swaying policymakers to a less hawkish view. The central bank is widely expected to increase its key policy rate by another 25 basis points next week. Overall, January's rally has helped ARK Innovation's assets under management grow by approximately $1.2 billion this month, while investors have pulled a net $59 million out of the fund, according to Lipper data.

☆ Trump seeks to shift his idling White House campaign back into gear
▼ + stars: | 2023-01-26 | by ( Gram Slattery | Steve Holland | ) www.reuters.com time to read: +5 min

FILE PHOTO: Former U.S. President Donald Trump speaks during a rally at Florence Regional Airport in Florence, South Carolina, U.S., March 12, 2022. Key South Carolina allies U.S. They include two with possible White House ambitions of their own, former Governor Nikki Haley and U.S. But I think it’ll be dominated by DeSantis and Trump for a while,” said Rob Jesmer, a campaign strategist and former executive director of the Republicans’ Senate campaign arm. Among other prominent elected South Carolina Republicans, a spokesperson for U.S. Representative Ralph Norman said he would not attend due to a pre-existing conflict, while representatives of three other House Republicans from South Carolina did not respond.

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