DIRS.INFO The most relevant business & tech news

☆ Earnings season is here. These are the biggest storylines the market is watching.
▼ + stars: | 2024-04-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

JPMorgan CEO Jamie Dimon issued a warning in the bank's earnings report Friday. With so much at stake, here's an earnings season cheat sheet of when some of the biggest companies are reporting and the storylines to follow. Themes to watch: AI could reduce the number of junior bank employees thanks to the tech automating their grunt work . Themes to watch: Netflix was dubbed the king of streaming earlier this year after a big earnings report. The bank's earnings report beat analysts' expectations, but advisory revenues were down 21% year-over-year.

Persons: —, Donald Trump's, iStock, Rebecca Zisser, Jamie Dimon, Dimon, Michael M, Goldman Sachs, Blackstone, Will Meta, Bob Iger's, Brooks Kraft, Jeremy Barnum, it's, Jeff Currie, Justin Sullivan, Tesla, Elon Musk, Musk, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Michelle Grisé, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, JPMorgan . Tech, JPMorgan, New York Stock Exchange, Finance Key Companies, Bank of America, Companies, Meta, Microsoft, Apple, Nvidia, Amazon, Retail, Walmart, Costco, Netflix, Disney, Paramount Global, Boeing, Brooks Kraft LLC, Getty, BI, Healthcare, RAND, Boston Marathon Locations: Israel, Russia, United States, New York, London, Chicago

☆ News Outlets Urge Trump and Biden to Commit to Presidential Debates
▼ + stars: | 2024-04-14 | by ( Michael M. Grynbaum | More About Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

A group of major news organizations — including The Associated Press and the five big broadcast and cable networks — issued an unusual joint statement on Sunday urging President Biden and former President Donald J. Trump to commit to participating in televised debates before Election Day. “General election debates have a rich tradition in our American democracy,” the group wrote. The statement underscores just how much uncertainty surrounds whether this year’s debates will occur. Mr. Biden has declined to commit to the three debates scheduled for September and October. His allies have expressed concerns about the Commission on Presidential Debates, the nonpartisan group that has organized the events since 1988, and its ability to enforce its rules when Mr. Trump participates.

Persons: Biden, Donald J, Trump, “ Organizations: Associated Press, ” Media

☆ Inside Andy Jassy's plan for Amazon in the generative AI era
▼ + stars: | 2024-04-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. By the way, we're wrapping up voting for the championship matchup in our business, tech, and innovation bracket. In today's big story, we're looking at Amazon CEO Andy Jassy's letter to shareholders, which details the tech giant's plan in the age of generative AI . What's on deck:AdvertisementBut first, Amazon, AI, and a letter. The big storyAmazon in the AI ageMichael M. Santiago/Getty Images; Chelsea Jia Feng/BIThe generative AI revolution is coming, and Amazon wants in on the ground floor.

Persons: —, We've, Andy Jassy's, Michael M, Chelsea Jia Feng, Andy Jassy, Ana Altchek, Jassy, that's, Andy Jassy Mike Blake, Eugene Kim, Jassy's, Phillip Faraone, Gregor Fischer, Noam Galai, Here's, it's, Morgan Stanley, Ben Bergman, Rebecca Zisser, Adam Neumann, Neumann, Samantha Lee, Bon Appétit, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Amazon, Getty, AWS, Bridgewater Associates, Pfizer, Reuters, Prime, TechCrunch, Games, New York Times, Visual China, BI, JPMorgan Chase, Citigroup, Coachella Locations: Wells Fargo, New York, London

Editor’s Note: In this appeal to Congress, more than 35 artists, activists, scholars and others call for funding for Ukraine. On territory that Russia occupies, it tortures Ukrainian citizens, kidnaps Ukrainian children and murders Ukrainian leaders. By fighting Russia alone, they protect Europe. By fighting a conventional war against a nuclear power, they are making nuclear proliferation and nuclear war less likely. Together we call upon Congress to do the right thing – right now.

Persons: Read, Stringer, Abrams, José Andrés, Gabrielle Carteris, Mona Charen, Misha Collins, Rosario Dawson, Felicia Day, Doug Fears, Jonathan Safran Foer, Francis Fukuyama, Mark Hamill, Gale Anne Hurd, Dara Khosrowshahi, William Kristol, Eric Edelman, Scott Kelly, Daniel Lubetzky, Michael McFaul, Kate McKinnon, Alyssa Milano, Viggo Mortensen, Patton Oswalt, Phillips O’Brien, Brad Paisley, Sean Penn, Serhii Plokhii, Ivanna Sakhno, Eric Schmidt, Liev Schreiber, Timothy Snyder, Terrell Jermaine Starr, Barbra Streisand, Hilary Swank, Peter Wehner, Katheryn Winnick Organizations: Ukraine, CNN, Getty Locations: Russia, Russian, Crimean Tatars, Ukrainian, Kharkiv, Mariupol, Aleppo, Grozny, Europe, Donetsk, Ukraine, AFP, China, Beijing, Asia, East, Africa, United States

☆ Exclusive: On board a B-52 bomber mission to China’s doorstep
▼ + stars: | 2024-04-10 | by ( Oren Liebermann | ) edition.cnn.com time to read: +11 min

Sitting on the massive bomber’s sole bunk, the third pilot on the flight crew, Capt. This year, the Air Force began low-rate production of the Northrop Grumman B-21 Raider, the next generation of stealth bomber. In October, Chinese fighter jets intercepted a B-52 bomber at night over the South China Sea, south of our position. Everyone is tired, especially as we approach the 24-hour mark of the flight, but the mission is not yet complete. On final approach, with Barksdale Air Force Base looming off our nose, the right main gear does not extend.

Persons: Jinan Andrews, Omaha ” Barnett, Sabin “ Jett ”, Michael Maginness, CNN's Oren Liebermann, ”, Jason Armagost, Bo “, Bo “ NATO ” Cain, Oren Liebermann, MYLAR11, Leo “ Swabbie ” Weber, “, Rebecca “ Vulcan ” Moore, Moore, you’ve, Jared Patterson, Avery Bulsterbaum, Andrew Rodriguez, Justin Joyner, Dakeeja Nelson, Veruca Plott, it’s, . Sabin “ Jett ”, Jeremy Harlan Organizations: CNN, US, Barksdale Air Force Base, Boeing, 2nd Bomb, China, Eighth Air Force, “, Air Force, Bo “ NATO, 20th Bomb Squadron, Northrop Grumman, Raider, CNN Staff, US Department of Defense, South Korean Locations: East China, –, Alaska, Louisiana –, Louisiana, Japan, Capt, Jinan, Tramaine, Omaha, Vietnam, Russia, Russia’s, China, North Korea, South Korea, MYLAR11, Beijing, South China, Jinan Andrews

☆ Here's what to know about 'Bridget Jones: Mad About the Boy,' as Renée Zellweger and Hugh Grant are set to return for fourth film — but not Colin Firth
▼ + stars: | 2024-04-10 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +2 min

The latest "Bridget Jones" sequel, "Mad About The Boy," premieres on Peacock on February 14, 2025. AdvertisementRenée Zellweger, Hugh Grant, and Emma Thompson are returning to the "Bridget Jones" franchise for a fourth film — but won't be joined by fan-favorite Colin Firth. Helen Fielding, the author of the "Bridget Jones" novels on which the movies are based, told RadioTimes in October 2022 that she was ready to adapt the third book in the series "Bridget Jones: Mad About the Boy." Here's what to know about the cast and plot of "Bridget Jones: Mad About the Boy." Spoilers ahead for "Bridget Jones: Mad About the Boy" and "Bridget Jones's Baby."

Persons: Bridget Jones, Peacock, Renée Zellweger, Hugh Grant, Emma Thompson, Leo Woodall, Chiwetel, Colin Firth, —, Helen Fielding, RadioTimes, Michael Morris, Zellweger, Grant, Firth, Bridget Jones's, Zellweger's, Bridget Jones's Baby Organizations: Service, Office Mojo Locations: U.S

☆ With the market stumbling, we're hunting for quality stocks to buy into weakness
▼ + stars: | 2024-04-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 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. "Always looking to buy something on a down day," adds Jim Cramer. " 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, Stocks, Abbott, Stanley Black, Decker, Cramer, Johnson, Carolyn Boroden, Jim Cramer's, Jim, Michael M Organizations: CNBC, Treasury, Federal, Apple, Palo Alto Networks, Constellation Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: homebuilders, Boroden, Palo, New York City

☆ Hot inflation data pushes market’s rate cut expectations to September
▼ + stars: | 2024-04-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Three months of inflation data have brought those expectations back down to earth. "Not that you've put a pin in inflation getting to the Fed's target, but it's not happening imminently." The 2-year Treasury note , which is especially sensitive to Fed rate moves, jumped to 4.93%, an increase of nearly 0.2 percentage point. The pricing in of seven rate cuts earlier this year was completely at odds with indications from Fed officials. However, when policymakers in December raised their "dot plot" indicator to three rate cuts from two projected in September, it set off a Wall Street frenzy.

Persons: Michael M, Liz Ann Sonders, Charles Schwab, you've, There's, Today's, Phillip Neuhart, Joseph LaVorgna, Schwab's Sonders, Sonders Organizations: New York Stock Exchange, Santiago, Getty, Federal, Labor, CPI, Fed, Traders, First, Bank Wealth, Dow Jones, Treasury, Nikko Securities, Atlanta Fed Locations: New York City

☆ Biden’s new student loan forgiveness plan could start eliminating debts before the 2024 presidential election
▼ + stars: | 2024-04-10 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024. Andrew Caballero-reynolds | AFP | Getty ImagesThe Biden administration is moving ahead quickly with its new student loan forgiveness plan, with hopes of starting to wipe out people's debts as soon as this fall. Student loan forgiveness falls into that category, he said. Almost half of voters in a recent survey, or 48%, said canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections. Issues like student loan forgiveness, which present a sharp contrast between Democrats and Republicans, are more likely to impact the election.

Persons: Joe Biden, Andrew Caballero, reynolds, Biden, Mark Kantrowitz, Kantrowitz, Gen, Donald Trump, Michael M, George W, Bush, Trump, Mark Organizations: Madison College, AFP, Getty, Republicans, Republican, Santiago, Public, Supreme Locations: Madison , Wisconsin, New York City

☆ Norfolk Southern reaches $600 million settlement to settle East Palestine derailment suit
▼ + stars: | 2024-04-09 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

But Norfolk Southern didn’t admit to any liability or wrongdoing as a result of the settlement. Following the February 3, 2023, Norfolk Southern freight train derailment, residents were ordered to evacuate temporarily. But several class-action lawsuits say the company hasn’t done enough to remediate the toxic chemicals released into the area. They also blamed Norfolk Southern for negligence. Shares of Norfolk Southern (NSC) fell 2% in premarket trading.

Persons: “, ”, Seth Katz, Burg Simpson Eldredge Hersh, Jardine, Elizabeth Graham of Grant, Eisenhofer, Jayne Conroy, Simmons Hanly Conroy, Michael Morgan, Morgan, Norfolk Southern Organizations: New, New York CNN, Norfolk Southern, Norfolk, National Transportation Safety, Senate Locations: New York, Palestine , Ohio, State, East Palestine

☆ Opinion: Google’s AI blunder over images reveals a much bigger problem
▼ + stars: | 2024-04-09 | by ( Rizwan Virk | ) edition.cnn.com time to read: +8 min

When asked, Gemini politely refused in some instances to generate images of historically White people, such as the Vikings. In the image space, if you asked previous AI image generators for an image of a CEO or a doctor, they initially almost always showed images of White males. Google announced its Gemini AI chatbot was pausing the generation of people in images after concerns were raised that it was creating historically inaccurate images. What makes censorship and manipulation worse with AI is that today’s AI already has a well-known hallucination problem. It may be a portent of what’s to come with AI and Big Tech leading us into Orwellian territory.

Persons: Rizwan Virk, X, Dave, I’m, OpenAI’s, Gemini, Google’s, Pope, Sundar Pichai, we’ve, ”, didn’t, Michael M, George Orwell’s “, “ Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Center for Science, CNN, HAL, Google, Vikings, Fox News Digital, Gemini, Getty, Big Tech, Microsoft, Apple Locations: zenentrepreneur.com, White, German

☆ TV Networks to Urge Biden and Trump to Debate, Wading Into a Fraught Topic
▼ + stars: | 2024-04-09 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

In an unusual move, the five major broadcast and cable news networks have prepared a joint open letter that urges President Biden and former President Donald J. Trump to participate in televised debates ahead of Election Day, according to two people with direct knowledge of their plans. The letter — endorsed by ABC, CBS, CNN, NBC and Fox News — thrusts into public view a question that has swirled within media and political circles: whether the presidential debates, one of the nation’s last remaining mass civic rituals in a polarized age, will occur this year at all. “We, the undersigned national news organizations, urge the presumptive presidential nominees to publicly commit to participating in general election debates before November’s election,” the letter reads, according to a draft version obtained by The New York Times. The letter is not yet final, and the networks are also seeking endorsements from other leading national news organizations, including newspapers.

Persons: Biden, Donald J, Trump Organizations: ABC, CBS, CNN, NBC, Fox, The New York Times

☆ China's plan for reinvigorating its economy has the West worried, but others still see an opportunity
▼ + stars: | 2024-04-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how China's plan for reinvigorating its economy has the rest of the world worried . The country is overproducing goods and then flooding global markets with them to save its struggling economy, writes Business Insider's Huileng Tan. Decades ago, as the country opened up its economy, China underwent rapid industrialization, allowing it to produce cheap goods. AdvertisementUS Treasury Secretary Janet Yellen has already warned China shock 2.0 could destabilize the global economy, specifically impacting green-energy exports . He pointed to China's GDP growth outpacing the US when the numbers are adjusted for disinflation and inflation in each country, respectively.

Persons: —, Chelsea Jia Feng, Huileng Tan, Huileng, China's, Janet Yellen, Tyler Le, Ray Dalio, that's, it's, Dalio's, Nicholas R, Lardy, Donald Trump, M, There's, Angus Deaton, Walter Huang, Sevonne Huang, Justin Sullivan, Alyssa Powell, Tesla, Hubspot, Mikel Jaso, Zers, That's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, West, New York Federal Reserve, Bridgewater Associates, Getty, Apple, Reuters, Google, McKinsey Locations: China, Glendale, Ariz, New York, London, Chicago

☆ People are getting taxed for gig work they've never done
▼ + stars: | 2024-04-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

It claimed that his wife, Kelly, hadn't paid about $10,000 in taxes on income from her work on DoorDash. None of them referenced Gardner's actual Social Security number, though all included the last four digits of other people's Social Security numbers. The hack gave the attackers access to Social Security numbers and other personal information about the drivers, the retailer said. Gardner, who had previously used DoorDash as a customer, said she ultimately ignored the 1099s she received. Do you work for DoorDash, Instacart, Walmart Spark, or another gig delivery service and have a story idea?

Persons: —, Brandon Emerson, Kelly, hadn't, DoorDash, Brandon, She's, @Uber I've, Michael M Organizations: Service, Business, Social, Uber Locations: Rochester , New York

☆ Exclusive: State Department officials told House investigators they created Afghanistan withdrawal plans from scratch
▼ + stars: | 2024-04-03 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +12 min

The State Department has continued to publicly defend its decision making around the NEO as well as the ending of the war. Milley and retired Gen. Kenneth McKenzie, who were in charge of the US military during the withdrawal, blamed the State Department for not ordering a NEO sooner. The State Department officials did not weigh in on whether calling a NEO sooner would have had a substantial impact, as this would have preceded their arrival in Afghanistan. Although the State Department has faced sharp criticism from the Defense Department – most recently in a congressional hearing with retired Gens. Coordination with the militaryAnd on the ground, as they grappled with the frenzied and fluid situation, State Department officials and service members at Hamid Karzai International Airport were regularly coordinating.

Persons: John Bass, Jim DeHart, Jayne Howell, Michael McCaul’s, McCaul, Biden, ”, Mark Milley, ” Howell, DeHart, ” Bass, Hamid, Bass, Wendy Sherman, Washington . Howell, I’m, Howell, “, Trump, Anna Moneymaker, Milley, Kenneth McKenzie, McKenzie, Vedant Patel, “ It’s, Defense Department –, Gens, Kenneth McKenzie –, ” DeHart, didn’t Organizations: CNN, State Department, House Foreign Affairs, Republican, Department, Foreign Affairs, Chiefs, House Foreign, ”, DC, State, Department of Defense, Airport, Foreign Service Institute, Pentagon, Biden, Joint Chiefs, Staff, US, US Central Command, ” State Department, Defense Department, Hamid Locations: Afghanistan, Kabul, Afghan, Ukraine, Kabul Afghanistan, Washington ., Turkey, Rayburn, Washington , DC, extremis

☆ Opinion: Despite ISIS threat, Putin’s only concern is the politics of terrorism
▼ + stars: | 2024-04-02 | by ( Opinion Douglas London | ) edition.cnn.com time to read: +10 min

Russia knows it has a terrorist problem, despite its deflection and spin to preserve Putin’s image, but his priorities are elsewhere. Russian intelligence also suffers from systemic failings in recognizing, penetrating and dismantling terrorist cells, failings that stem from doctrine and a deliberately stovepiped structure that obstructs information sharing and agility. FSB officers will coerce, threaten and intimidate potential sources with diminishing returns that will only fuel ISIS-K recruitment and fundraising, which is no doubt seeing a surge from its Moscow attack. Russian intelligence will be left to depend on the unwilling, ill-informed or duplicitous. At the Islamic State’s height, Tajik Gulmurod Khalimov commanded its Iraqi capital of Mosul.

Persons: Douglas London, ”, Vladimir Putin, Alexander Bortnikov, Douglas, Mike Pompeo, Russia’s, Sergey Naryshkin, Igor Korobov, Donald Trump, Pompeo, Russia Michael McFaul, Barack Obama, Trump, Putin, Gulmurod Khalimov, Khalimov, “ Omar al, “ Omar, ” Batirashvili, Washington, Sergei Skripal, Yulia Organizations: CIA, of American Intelligence, Georgetown University’s School of Foreign Service, Global National Security Institutes, CNN, Federal Security Service, CBC, Ukraine, Russia’s Foreign Intelligence Service, Russian Military Intelligence, Trump, White, ISIS, Central, Former, Terrorism, Embassy, K’s, Tajikistan’s Interior Ministry, Islamic Locations: South, Southwest Asia, London, Khorasan, United States, Afghanistan, Islamic State, Great Britain, Russia, Washington, State, Moscow, Syria, Iraq, Russian, US, Ukraine, St . Petersburg, Central Asia, Central Asian, Central, East, Turkey, Turkish, Istanbul, Mosul, Chechen, Georgian, Georgia, Iran, Kerman, Salisbury, England

CNN —The Biden administration is close to approving the sale of as many as 50 American-made F-15 fighter jets to Israel, in a deal expected to be worth more than $18 billion, according to three people familiar with the matter. Since Hamas’ attack on Israel in October, which killed over 1,200 Israelis, the US has made more than 100 foreign military sales to Israel. Most of those have fallen under the specific dollar amount that requires a notification to Congress, an official familiar with the matter previously told CNN. A congressional aide told CNN that House Foreign Affairs Committee Chairman Michael McCaul has also approved the transaction to proceed to formal congressional notification. “What you hear about the frustrations within the administration over the Israel policy, it is real,” one US diplomat told CNN on condition of anonymity.

Persons: CNN —, Biden, Sen, James Risch, Michael McCaul, Ben Cardin, Greg Meeks, Biden administration’s, Joe Biden’s, “, ”, Israel won’t, Josh Paul, Matthew Miller, Israel what’s, Pat Ryder, ” Steven Katz, Katz Organizations: CNN, Hamas, Biden, Democratic, House Foreign Affairs, Foreign, State Department, Republican, Senate Foreign Relations, House Foreign, Congressional Research Service, UN, The State Department, State Department’s Bureau, Political, Military Affairs, ”, Pentagon, Army, Defense, U.S, National Intelligence Locations: Israel, Gaza, State, Washington , DC, United States, “ Israel, Iran

A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.

Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China

☆ Test audiences thought the shocking ending of Sydney Sweeney's horror movie had to be seen to be believed. The director says they're wrong.
▼ + stars: | 2024-03-30 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

So the bloody, emotionally raw ending of "Immaculate" became his thesis statement on the kind of horror movie he wanted to make. "She brought me on for a reason, and that was the reason," Mohan told BI. Related stories"I wanted there to be this moment of real catharsis," Mohan told BI. We figured out the camera blocking, because it's really minimalist, it's all just about her performance," Mohan told BI. NEONIt took multiple rounds of notes over three to four weeks to get the baby sound just right.

Persons: —, Sydney Sweeney, Michael Mohan, Mohan, who'd, Sweeney, Cecilia, she's, Virgin Mary —, Sal Tedeschi, Álvaro, Jesus, he'd, rampages, Tedeschi, Fabia Lavino, Andrew Lobel's, Sweeney couldn't, Lobel, Lobel's, birthed, Bryan Parker, Parker, Parker's, that's, Michael Organizations: Service, Netflix, Business, SXSW, TV Locations: American, —

☆ Alice Springs, Australia: A town has imposed a curfew on its children as it grapples with youth crime
▼ + stars: | 2024-03-29 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

Since then, relative calm has returned to Alice Springs, or Mparntwe, its traditional name. Decades of racism and neglect erupted on the streets of Alice Springs on Tuesday, though youth crime is a problem in many other Australian cities. Those are the issues that are part of the story of Alice Springs,” Lawler said. “There is nowhere in the world that has said that a youth curfew is effective – it just criminalizes young people. Northern Territory Police Force Commissioner Michael Murphy speaks to media during a press conference in Darwin, Wednesday, March 27, 2024.

Persons: –, Eva Lawler, they’re, ”, Alice Springs, Darren Clark, Alice, rampaged, “, ” Clark, It’s, don’t, ” Lawler, Matt Paterson, Jared Sharp, that’s, ” Sharp, Michael Murphy, Neve Brissenden, Catherine Liddle, haven’t Organizations: Australia CNN, Northern, Sydney, Alice, North Australian Aboriginal Justice Agency, Sky News, Northern Territory Police Force, Reuters, Australia –, Torres, Guardian, of National Aboriginal, Islander, Northern Territory Police, Children Locations: Brisbane, Australia, Alice Springs, “, Northern, Alice, Utopia, Darwin, Northern Territory, Torres Strait

☆ Corporate Polish Meets Partisan Reality for NBC’s News Chief
▼ + stars: | 2024-03-29 | by ( Michael M. Grynbaum | John Koblin | ) www.nytimes.com time to read: +1 min

Cesar Conde is not the typical leader of a major news institution. A Wharton-trained executive who revived the fortunes of Telemundo and sits on the boards of Pepsi and Walmart, Mr. Conde had limited experience in journalism when, in 2020, he became the chairman of NBC’s sprawling news division, including MSNBC, CNBC, and franchises like “Meet the Press,” “Nightly News” and the “Today” show. Now he is trying to navigate the biggest crisis of his tenure: a journalistic firestorm that prompted an open revolt among his stars and has fueled internal questions about just how neatly Mr. Conde’s corporate experience and ambitions gel with the unique challenges of the news business. The blowback facing Mr. Conde, 50, a former fellow in George W. Bush’s White House who prides himself on having an even-keeled, nonpartisan reputation, is coming from both sides of the aisle. Left-leaning fans of MSNBC felt betrayed, and Republican officials are mocking NBC as biased, even threatening to bar its reporters from this summer’s nominating convention.

Persons: Cesar Conde, Wharton, Conde, Ronna McDaniel, Mr, Donald J, George W, Bush’s Organizations: Telemundo, Pepsi, Walmart, Mr, MSNBC, CNBC, Press, Republican National Committee, NBC

☆ Middle East Crisis Top U.N. Court Orders Israel to Ensure Aid to Gaza
▼ + stars: | 2024-03-28 | by ( Anushka Patil | ) www.nytimes.com time to read: +6 min

Mr. Conrad said he met Mr. Issa, Mr. al-Jabari and Mahmoud al-Zahar, another senior Hamas official, about 10 times between 2009 and 2011 in Gaza City. “He was the master of the data on the prisoners,” Mr. Conrad said of Mr. Issa. Mr. Awawdeh, the analyst, called Mr. Issa a man who liked to “remain in the shadows” and who seldom granted interviews to the media. Mr. Issa was born in the Bureij area of central Gaza in 1965, but his family hails from what is now the Ashkelon area in Israel. Rear Adm. Daniel Hagari, a spokesman for the Israeli military, has said that Mr. Issa helped plan the Hamas-led Oct. 7 attack.

Persons: Marwan Issa, Jake Sullivan, Mr, Issa, —, Mohammed Deif, Ahmed al, Yahya Sinwar, Salah al, Din, Issa’s, ” Maj, Tamir Hayman, Deif, Sinwar’s, “ There’s, ” Mr, Awawdeh, “, ” Michael Milshtein, Qassam, wasn’t, Milshtein, Gerhard Conrad, Conrad, Mahmoud al, ”, Gilad Shalit, Al Jazeera, Daniel Hagari Organizations: U.S, Hamas, Qassam, Palestinian Authority Locations: Israel, Gaza, Gaza City, Palestine, Bureij, Ashkelon

☆ The 4% mortgage rate and other sweet offers from lenders hoping to stave off commercial real estate doom
▼ + stars: | 2024-03-27 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Instead a deal is now being negotiated to trim the size of the property's $240 million mortgage and potentially extend the loan at below-market interest rates in an attempt to revive the property's fortunes. The negotiations show that as hundreds of billions of dollars of commercial real estate debts come due or have already tumbled into default, deals are being arranged behind the scenes to try to stave off financial catastrophe. More borrowers and lenders have sought to buy timeThere is mounting evidence that such negotiations are taking place more widely. There have been concerns that trillions of dollars of upcoming commercial property debt maturities could inflict heavy losses that could weigh on investors and lenders across the property market and even cause systemic issues in the banking sector. The deal is part of a growing number of sales by some lenders to cut down their exposure to commercial real estate.

Persons: Realty, Michael Maturo, we'd, Maturo, Jack Terzi, Terzi, Jamie Woodwell, Stephen Buschbom, Trepp, Alan Todd, David Blumberg, Raymond Boyd, Blumberg, Robert Ivanhoe, Greenberg Traurig, Ivanhoe Organizations: New, Aareal Bank, Business, JTRE Holdings, Mortgage Bankers Association, Treasury Department, Bank of America, 601W Companies, Aon, Aon Center, Federal Reserve Locations: New York, Lower Manhattan, Manhattan, New York City, Chicago

☆ Parent of FTX victim who lost $130,000 asks judge to go easy on SBF, suggests six years in prison versus DOJ's 40-50
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Michael M. Santiago | Getty ImagesHeather Ferguson's son lost approximately $130,000 in cash when crypto exchange FTX went bankrupt in November 2022. Ferguson's letter is part of an eleventh hour push by the defense to appeal to Kaplan's sense of leniency as the judge gears up for Bankman-Fried's sentencing hearing on Thursday. Bankman-Fried's psychiatrist, George Lerner, told Judge Lewis Kaplan in a letter in August that the former FTX CEO has a history of depression and attention-deficit/hyperactivity disorder. Without his medication, Lerner warned the judge, "Bankman-Fried will experience a return of his depression and ADHD symptoms and will be severely negatively impacted in his ability to assist in his own defense."

Persons: Sam Bankman, Fried, Michael M, Heather Ferguson's, Ferguson, District Judge Lewis Kaplan, Yesha Yadav, Dean, Kaplan, George Lerner, Lewis Kaplan, Lerner, Maria Centrella, Asperger's, Judge Kaplan, Michael Lewis's, Sam I, …, Centrella, Joe, Sam, Matt Kelly, Kelly Organizations: Manhattan Federal Court, Santiago, Getty, District, Alameda Research, Vanderbilt University, CNBC, Bankman, Autism, MIT Locations: New York City, Manhattan

☆ In Saga of NBC and Ronna McDaniel, Perks and Perils of Partisan Talk on TV
▼ + stars: | 2024-03-27 | by ( Michael M. Grynbaum | John Koblin | ) www.nytimes.com time to read: +1 min

Trying to juice ratings in an election year, a major TV network hired a pair of provocative commentators from the political establishment to inject some spiky opinion into its otherwise-staid campaign coverage. These days, the role of the “paid contributor” — a commentator on contract, to bloviate on demand — is fully baked into the TV news ecosystem. Or, in the case of Ronna McDaniel, as the former chairwoman of the Republican Party. Ms. McDaniel’s tenure as a paid contributor at NBC News was less successful than those of many of her peers. (Her two immediate predecessors as Republican leader, Michael Steele and Reince Priebus, work for MSNBC and ABC News.)

Persons: Gore Vidal, William F, Buckley Jr, —, ”, Ronna McDaniel, McDaniel’s, Michael Steele, Reince, McDaniel, Donald J Organizations: ABC News, West Wing, Republican Party, NBC, MSNBC, ABC

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