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☆ Live updates: Trump lawyers argue in Georgia 2020 election case motions hearing
▼ + stars: | 2023-12-01 | by ( Dan Berman | Andrew Menezes | ) edition.cnn.com time to read: +3 min

Fulton Superior Court Judge Scott McAfee departs after presiding over a hearing at the Fulton County Courthouse in Atlanta on November 15. But it’s in Georgia where he and his alleged co-conspirators face a combined 41 state charges for trying to overturn legitimate election results in the 2020 presidential election. This is the first time Trump’s attorneys will appear in court in the Fulton County case, though their client won’t be with them. Trump hasn’t yet been in the Atlanta courthouse – he previously waived his right to an arraignment hearing – though he was processed at the Fulton County jail in late August. Read more about the Georgia election subversion case.

Persons: Scott McAfee, Arvin Temkar, Donald Trump’s, Trump, ” Drew Findling –, Steven Sadow, Jennifer Little, Sadow, “, ” Sadow, Kenneth Chesebro, Sidney Powell, Chesebro, Powell, McAfee Organizations: Reuters, Trump, United Locations: Fulton, Atlanta, Georgia, United States, Fulton County

☆ Elon Musk, Bill Gates, and 'kings' would pay $1B for Mar-a-Lago, Trump expert to testify at NY fraud trial
▼ + stars: | 2023-12-01 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Trump plans to call Palm Beach real-estate broker Lawrence Moens at his NY fraud trial next week. Moens has sworn Elon Musk, Bill Gates, and "kings" would pay $1B for the club, where he's a member. Donald Trump allegedly inflated the value of his Palm Beach resort in financial documents by as much as $714 million. He knows Donald Trump, Jr., and Ivanka Trump, who he testified was "a very lovely person." Advertisement"I don't see Donald Trump enough or spend enough time with Donald Trump to call him a friend," he answered.

Persons: Trump, Lawrence Moens, Moens, Elon Musk, Bill Gates, OK'd Moens, —, Donald Trump, it's, Letitia James, Lago, Arthur Engoron, he'd, Kevin Wallace, James, Wallace, I'm, Donald Trump's Mar, Charles Trainor Jr, Alex Finkelstein, Eric Trump, Donald Trump , Jr, Ivanka Trump, I've Organizations: Palm, Service, Mar, New, Trump, Trump's, Elon, Miami Herald, Tribune, Getty, AG, Trump Organization Locations: New York, Palm, Lago, Palm Beach , Florida, Trump

☆ Target is taking booze-less spirits mainstream
▼ + stars: | 2023-12-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —With sales of non-alcoholic beverages recently becoming a nearly half-billion dollar industry, even Target is becoming sober curious. Drinks in the lineup include two celebrity-backed companies: Kin Euphorics, a trendy brand co-founded by model Bella Hadid, and Katy Perry’s De Soi, which makes non-alcoholic apéritifs. Other brands include NOPE and Ghia, both of which produce non-alcoholic canned cocktails, and alcohol-free wine company Surely. “Séchey is a great curator of non-alcoholic brands and will help Target to really elevate its offer,” Neil Saunders, retail analyst and managing director at GlobalData Retail, told CNN. That has created a boom in sales for non-alcohol spirits, wine and beer, which surpassed $500 million this year according to research firm NIQ.

Persons: Sèchey, Kin, Bella Hadid, Katy Perry’s, apéritifs, Kendra Scott, “, ” Neil Saunders, it’s, Molson Coors, Roxie, Molson Coors Beverage Company Roxie, Jamie Rotnicki, Katy Perry, Morgan McLachlan, ” Perry, Perry, she’s, De Soi, Soi Organizations: New, New York CNN, Ghia, GlobalData, CNN, Molson, Molson Coors Beverage Company, Molson Coors, Whole Foods Locations: New York, ”

Atlanta CNN —Former President Donald Trump’s attorneys in the Georgia election subversion case are set to defend their client in a Fulton County courtroom for the first time on Friday as they try to have the charges thrown out on First Amendment grounds. This is the first time Trump’s attorneys will appear in court in the Fulton County case, though their client won’t be with them. Trump hasn’t yet been in the Atlanta courthouse – he previously waived his right to an arraignment hearing – though he was processed at the Fulton County jail in late August. She used a similar legal strategy in a 2014 RICO case in Fulton County, according to a source familiar with the matter. Despite his mounting legal debt and the fact that he is almost 80, sources close to Giuliani said he intends to fight the Georgia case.

Persons: Donald Trump’s, Trump, ” Drew Findling –, Steven Sadow, Jennifer Little, Sadow, “, ” Sadow, Scott McAfee, Kenneth Chesebro, Sidney Powell, Chesebro, Powell, McAfee, Trump’s, Fani Willis, ” Willis, Jack Smith, Smith, ”, Willis ’, Eastman, John Eastman, Fulton, Donald Trump, Willis, Mark Meadows, Jeffrey Clark, Clark, Meadows, ” “, Bob Cheeley, Cheeley, Robert Cheeley, Cheeley’s, Buddy Parker, Rudy Giuliani –, haven’t, Giuliani, Allyn Stockton Jr, David Shafer, ” Shafer, Rudy Giuliani’s, Robert Costello, Giuliani groped, CNN Giuliani, Brian Tevis, David Wolfe, CNN’s Paula Reid, Evan Perez, Marshall Cohen Organizations: Atlanta CNN —, Trump, United, Fulton, Republican, Prosecutors, Washington Post, “, U.S, CNN, Trump Trump, Trump White House, Secret, Justice, Appeals, DC, Georgia’s, Senate, Atlanta Public Schools, Georgia Republican Party, Georgia State Senate, Electoral College, New, Atlanta Locations: Georgia, Fulton, Atlanta, United States, Fulton County, Washington , DC, Meadows, ” Meadows, Washington, Trump, State of Georgia, New York, Aidala, Stockton, Rabun County

☆ EIG Global Energy Partners Expects New LNG Acquisition Within Months
▼ + stars: | 2023-11-30 | by ( Stuart Condie | ) www.wsj.com time to read: 1 min

EIG CEO R. Blair Thomas said the investment firm is closing in on a deal for a liquefied natural gas asset worth several billion dollars. Photo: F. Carter Smith/Bloomberg NewsSYDNEY—U.S. investment firm EIG Global Energy Partners is closing in on a deal for a liquefied natural gas asset worth several billion dollars, as it raises bets on demand for the fuel amid a reordering of energy supply chains triggered by Russia’s invasion of Ukraine. Chief Executive R. Blair Thomas said EIG’s MidOcean Energy unit is working on the deal in parallel with an effort to buy Australia’s Origin Energy as part of a consortium led by Brookfield Asset Management. MidOcean would acquire Origin’s 27.5% stake in the Australia Pacific LNG project in eastern Australia if the consortium’s nearly $11 billion offer for the company is successful.

Persons: Blair Thomas, Carter Smith, EIG’s, MidOcean Organizations: Bloomberg News SYDNEY —, EIG Global Energy Partners, Energy, Brookfield Asset Management, Australia Pacific LNG Locations: Bloomberg News SYDNEY — U.S, Ukraine, Australia

☆ Senate committee investigating Florida’s state-backed home insurance company as private insurers flee
▼ + stars: | 2023-11-30 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

CNN —The US Senate Budget Committee is launching an investigation into whether Florida’s state-backed home and property insurance company has enough money in the bank to withstand future disasters, as scientists warn warming oceans and sea level rise are making storms more destructive. Citizens Property Insurance Corporation exists as a so-called insurer of last resort - if owners cannot convince a private insurance company to cover their property, Citizens will step in. If that were to happen, the Senate Budget Committee is worried Florida might turn to the federal government looking for a bailout, Whitehouse said. State insurers of last resort were originally intended as a stopgap for consumers, ensuring their coverage wouldn’t be interrupted. Florida isn’t alone; some major private insurers have either pulled out or stopped writing new policies in wildfire-prone California.

Persons: Ron DeSantis, “, Sen, Sheldon Whitehouse, ” Whitehouse, Michael Peltier, Whitehouse, ”, Benjamin Keys, ” Keys, ’, Keys, “ It’s Organizations: CNN, Citizens Property Insurance Corporation, Republican Gov, Citizens, Democrat, ”, Munich Re, Swiss, Wharton School, University of Pennsylvania, Senate, FAIR, Florida’s Citizens, Budget Locations: After Florida, Rhode Island, Florida, Miami, Tampa, “ Florida, Munich, riskiest, California

☆ French ministers head to Indo-Pacific, Australia in diplomatic push
▼ + stars: | 2023-11-30 | by ( John Irish | ) www.reuters.com time to read: +4 min

[1/3] French Foreign Affairs Minister Catherine Colonna and French Defence Minister Sebastien Lecornu leave following the weekly cabinet meeting at the Elysee Palace in Paris, France, November 22, 2023. France, with overseas territories in the Pacific and Indian Ocean and 7,000 troops stationed there, considers itself an Indo-Pacific power. The loss of a major submarine deal with Australia in 2021 forced it rethink its strategy amid ongoing regional tensions with China in the disputed South China Sea. Underscoring those efforts, Defence Minister Sebastien Lecornu will host in the French overseas territory of New Caledonia between Dec. 4-8 the South Pacific Defence Ministers Meeting, the first time it has hosted the format since it was created in 2013. While it has diversified its ties across the Pacific, France has also worked on rebuilding its partnership with Australia.

Persons: Catherine Colonna, Sebastien Lecornu, Sarah Meyssonnier, Ferdinand Marcos, Karen Lerna, Sandra Maler Organizations: Foreign, French Defence, REUTERS, South Pacific, South Pacific Defence Ministers, South, Australia, Canberra, Thomson Locations: Paris, France, Philippines, Malaysia, Australia, PARIS, Pacific, Ocean, China, India, Indonesia, Japan, New Caledonia, Britain, United States, South Korea, Spain, Manila, South China, Kuala Lumpur

☆ Migrate to Innovate
▼ + stars: | 2023-11-30 | by ( Sponsor Post | Sponsored Microsoft | ) www.businessinsider.com time to read: +4 min

After evaluating several possible routes, American Airlines' customer hub team chose Microsoft's fully managed database service, Azure SQL Managed Instance. "Azure SQL Managed Instance was the only option that met all our requirements," Jayanta Saha, principal data architect at American Airlines, said. Efficiency, security, and cost optimization with Azure SQL Managed InstanceA fully managed cloud database service like Azure SQL Managed Instance is a critical first step in a business' transformation journey, boosting security and productivity while optimizing costs. Azure SQL Managed Instance enables organizations to take a significant step in their digital transformation journey —modernizing their applications, unlocking new potential, and empowering businesses to turn focus to future growth and innovation. Learn more about Microsoft Azure SQL Managed Instance, accelerated by Intel.

Persons: Microsoft's, Jayanta Saha, study3 Organizations: Microsoft, American Airlines, IDC, American, Cloud, Intel, Insider Studios Locations: Gartner1, cybersecurity

☆ Bob Iger says Disney needs a reality check about box office success
▼ + stars: | 2023-11-30 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

"We got to the point where if a film didn't do a billion dollars in global box office, we were disappointed," he said. Iger also blamed Disney putting quantity before quality for its box office misses. In response to questions about the company's box office misses, the CEO said: "I'm not sure another studio will ever achieve some of the numbers that we achieved." Disney can claim 10 of the 20 highest-grossing films, each of which took more than $1 billion at the box office, per IMDb. However, the film's now made $383 million globally, per Box Office Mojo.

Persons: Bob Iger, Iger, —, That's, Indiana Jones, Bob Chapek, Iger's Organizations: Disney, Service, The New York Times, Summit, Netflix

☆ Moby Don: Trump's fraud-trial 'victim,' Deutsche Bank, praised him as a lucrative 'whale' in fawning in-house documents
▼ + stars: | 2023-11-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Reps from Deutsche Bank, which NY says was defrauded, described actually prospering thanks to Trump. Advertisement"We are whale hunting," former Deutsche Bank executive Rosemary Vrablic told her fellow bankers of Trump in an email from 2011, soon after son-in-law Jared Kushner offered to make an introduction. She contends that Deutsche Bank was defrauded out of more than $100 million in interest income. As a sophisticated international lender, the bank did its own risk analysis, apart from Trump's net-worth statements, the defense has argued. But the state has countered that any fact-checking, any profit-making, and any other non-victim-like behavior on the part of Deutsche Bank is besides the point.

Persons: Trump, —, Donald Trump's, Stans, Rosemary Vrablic, Jared Kushner, Vrablic, Donald, Trump attorney Jesus Suarez, Nam, Huh Trump, Arthur Engoron, Letitia James, Donald Trump , Jr, Ivanka Trump, Kevin Wallace Organizations: Trump, Deutsche Bank, Service, Trump - Deutsche Bank, Post, Washington , D.C, Trump attorney, Hotel, Tower, AP, AG, Trump Organization Locations: Manhattan, New York, Miami, Chicago, Washington ,

☆ Canada set to announce Boeing order for maritime patrol aircraft -source
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo Acquire Licensing RightsNov 29 (Reuters) - Canada is set to announce on Thursday a multi-billion dollar sole-source contract for Boeing Co’s (BA.N) P-8 Poseidon maritime patrol aircraft to replace the country’s military surveillance planes, a senior government source familiar with the matter told Reuters. An announcement would end months of speculation and follow a challenge from Canadian private planemaker Bombardier (BBDb.TO) which called for an open competition so it could submit a bid using its large-cabin Global business jets. A draft agreement between the governments of Canada and the United States for the sale of the Poseidon aircraft and associated training and equipment is set to expire on Thursday. Boeing declined comment on Wednesday.

Persons: Sao Jose dos Campos, Gabriel Araujo, Steve Scherer, Valerie Insinna, Allison Lampert, Chris Reese, Sonali Paul Organizations: Boeing, REUTERS, Reuters, Bombardier, CP, Aurora, Poseidon, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, Canada, United States, Ottawa, Washington, Montreal

☆ Nvidia CEO reportedly writes hundreds of emails a day to his staff that executives compare to haiku and ransom notes
▼ + stars: | 2023-11-29 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Nvidia CEO Jensen Huang writes hundreds of emails a day to staff, per The New Yorker. Execs at the chip giant compare Huang's curt emails to haiku and ransom notes. AdvertisementGetting to inbox zero may be a tough feat if you work at Nvidia — especially if important work emails from CEO Jensen Huang read like poetry or even a ransom note. Huang reportedly talks to his staff by sending hundreds of emails to them every day, according to The New Yorker. In fact, one executive said Huang's emails resemble the Japanese poetry style haiku; another executive compared them to ransom notes.

Persons: Jensen Huang, Execs, curt, —, Huang, it's Organizations: Nvidia, Service, Yorker, Business, New Yorker, Bloomberg Locations: New

As technology titans jockey to back hot new startups, they are extracting explicit or implicit promises of revenue in return. loadingMicrosoft’s injection of $10 billion into OpenAI in January helped kick off the craze. As part of their deal, the ChatGPT operator agreed to exclusively use its new investor’s cloud computing services. Much of the invested capital should be returned relatively quickly as AI firms buy back-end services. Nvidia (NVDA.O) has at least 80% and as much as 95% of the AI market, according to estimates by analysts.

Persons: Sam Altman, Satya Nadella, OpenAI, Optimists, cynics, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Streisand Neto Organizations: Reuters, Microsoft, Financial Times, Apple, Nasdaq, Big Tech, OpenAI, Wall Street, Google, Reuters Graphics Reuters, Cisco Systems, Lucent Technologies, Nortel Technologies, Company, Global, Telecom, Nortel, Network, Nvidia, Thomson Locations: OpenAI, Silicon Valley

☆ Morning Bid: Vale Charlie Munger
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

Vice-Chairman of Berkshire Hathaway Corporation Charlie Munger speaks to Reuters during an interview in Omaha, Nebraska May 3, 2013. The union of Munger and Warren Buffett is among the most successful in the history of business, transforming Berkshire Hathaway into a multi-billion dollar conglomerate. Often handy with a one-liner Munger summed up his fame in 2010: "I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick," he said. Two-year Treasury yields fell to a four-month low just below 4.70%. Ten-year Treasury yields hit a two-month low of 4.28%.

Persons: Charlie Munger, Lane, Tom Westbrook, Warren Buffett, Berkshire Hathaway, Munger, Christopher Waller, Waller's, China's stockmarkets, Sam Holmes Organizations: Berkshire Hathaway, Reuters, REUTERS, Investors, Swiss, greenback, Spanish CPI, Thomson Locations: Omaha , Nebraska, Munger, Berkshire, Asia, New, Spanish

Scientists have said carbon removal is needed to keep climate goals alive. Otherwise, the enormous price tag for world-scale carbon removal would need to fall to governments if there is any chance of these projects surviving. A major concern is that DAC technology is both expensive and unproven at scale. More mature carbon capture and storage (CCS) technology, which traps emissions at a point source like a smokestack, also requires a rapid scale up to make a difference. Their money will be made instead by marketing carbon removal credits to corporations not involved in fossil fuels that wish to offset unavoidable emissions, or to governments seeking to stay on track with climate targets.

Persons: Climeworks, ”, Vikrum Aiyer, Sultan al, Jaber, Vicki Hollub, Mike Avery, Christoph Gebald, Richard Valdmanis, Marguerita Choy Organizations: Reuters, REUTERS, Occidental Petroleum, BlackRock, U.S ., Occidental, 28th United, OPEC, United Arab, International Energy Agency, IEA, Global CCS Institute, Stratos, DAC, Department of Energy, Thomson Locations: Tracy , California, Texas, In Louisiana, 28th United Nations, Dubai, United Arab Emirates, Louisiana, Iceland, California, U.S, UAE, Occidental

☆ Why a Wisconsin county is dumping cheese brine on its roads this winter
▼ + stars: | 2023-11-28 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

Some counties in Wisconsin have been using cheese brine or a beet juice blend instead. A few counties across the state have used cheese brine to melt icy roads in the winter. Green County is lucky enough to have a functioning cheese factory where it gets its cheese brine for de-icing. Other counties, like Polk County and Burnett County, have used cheese brine in the past but stopped when the local cheese factory halted operations. Bastian Parschau/Contributor/Getty ImagesIf you don't have access to cheese brine, then beet juice is a popular alternative, though it's not as cost-effective as cheese brine, Josh Kelch, the highway commissioner for Burnett County, told BI.

Persons: —, Andrea Bill, Bill, There's, Chris Narveson, Bastian Parschau, it's, Josh Kelch, Pat Gavinski, Gavinski Organizations: Service, University of Wisconsin's Traffic, Safety Laboratory, Anadolu, US Environmental Protection Agency, University of Minnesota, EPA, Green County Locations: Wisconsin, Green, Polk County, Burnett, Burnett County, Sauk, Sauk County

☆ Charlie Munger, the 'Oracle of Pasadena' who was Buffett's second-in-command
▼ + stars: | 2023-11-28 | by ( Jonathan Stempel | ) www.reuters.com time to read: +8 min

Berkshire Hathaway Vice Chair Charlie Munger arrives to begin the company's annual meeting in Omaha May 4, 2013. EXPANDING BUFFETT'S HORIZONSMunger and Buffett did differ politically, with Munger being a Republican and Buffett a Democrat. Like Buffett, Munger was a fan of the famed economist Benjamin Graham. ORACLE OF PASADENAFans dubbed Buffett the "Oracle of Omaha," but Munger was held in equal esteem by his own followers, who branded him the "Oracle of Pasadena" after his adopted hometown in California. "I was raised by people who thought it was a moral duty to be as rational as you could possibly make yourself," Munger told Daily Journal shareholders in 2020.

Persons: Charlie Munger, Rick Wilking, Charles Munger, Warren Buffett's, Munger's, Buffett, Munger, Berkshire Hathaway, HORIZONS Munger, Santa Barbara, Warren, Benjamin Graham, Charlie, Ben Graham, Charles T, Kathy Kristof, Buffett's, Ernest . Buffett, Olson, Wheeler, Alice Schroeder, Nancy, Graham, Heinz, Todd Combs, Ted Weschler, Nancy Munger, Jonathan Stempel, Diane Craft, Rosalba O'Brien Organizations: Berkshire Hathaway, REUTERS, Berkshire Hathaway Inc, Munger, CNBC, Buffett, HORIZONS, Republican, University of California, Berkshire, ORACLE, PASADENA, Oracle, Wesco Financial Corp, Daily Journal Corp, Daily, Los Angeles Times, University of Michigan, U.S . Army Air Corps, Harvard Law School, Tolles, Munger &, Omaha Club, BNSF, 3G Capital, Kraft Foods, Reuters, Thomson Locations: Omaha, California, Berkshire, Omaha , Nebraska, Vienna, Santa, Pasadena, Munger, TETE, Los Angeles, New York

☆ Foxconn to invest $1.5 bln to expand India operations
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsBENGALURU, Nov 27 (Reuters) - Taiwan's Foxconn (2317.TW) will invest $1.5 billion in India in its latest expansion plan, the world's largest contract manufacturer of electronics said on Monday. The company, which announced the investment plan in a stock exchange filing, did not provide any further details. Foxconn has been rapidly expanding its presence in India by investing in manufacturing facilities in the south of the country. The contract manufacturer aims to double its workforce and investment in India by next year, a company executive had said in September.

Persons: Ann Wang, Foxconn, Liu Young, Kashish Tandon, Krishna Chandra Organizations: REUTERS, Rights, Thomson Locations: New Taipei City, Taiwan, India, Bengaluru

☆ Dr. Trisha Bailey is the richest Jamaican-born woman. She overcame a lot to get here
▼ + stars: | 2023-11-25 | by ( Jamisha Smith | ) www.businessinsider.com time to read: +6 min

Entrepreneur Dr. Trisha Bailey says despite a youth marked by trauma and poverty, she wouldn't change a single thing about her life. Dr. Bailey was recovering from a suicide attempt when she founded Bailey Medical Equipment & Supply and Pharmacy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay was based on a conversation with Dr. Trisha Bailey, a billionaire who became the richest woman born in Jamaica. Dr. Trisha Bailey is an entrepreneur who has become the richest Jamaican-born woman.

Persons: Trisha Bailey, Bailey, —, Salomon Smith Barney, Morgan Stanley, Shotby3DPhotography, Oprah Winfrey Organizations: Bailey, & Supply, Pharmacy, Service, University of Connecticut, UCONN, Bailey's, Atlanta Hawks, Charlotte Hornets, Phoenix Suns Locations: Jamaica, Connecticut, America, Florida, United States

Currently, only six states offer internet casino gambling: New Jersey, Connecticut, Delaware, Pennsylvania, Michigan and West Virginia. (Nevada offers internet poker but not online casino games; Rhode Island has passed an online casino bill, but it is not expected to go into effect until March 2024.) One of those states may be Indiana, where an online casino bill died in February due in large part to fears that it would hurt the state’s existing physical casinos. Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry, noted that in most internet gambling states, brick-and-mortar gambling revenue has grown alongside that of internet betting, although at a slower pace. “Casino revenue after the pandemic has stabilized, and online revenue is setting new records."

Persons: ”, Howard Glaser, Chris Krafcik, Krafcik, ” Krafcik, Elaine Vallaster, “, Vallaster, “ I've, David Rebuck, Jane Bokunewicz, Lloyd Levenson, Richard Schwartz, Schwartz, Wayne Parry Organizations: CITY, —, Atlantic, Rhode, “, state’s Legislative Services Agency, American Gaming Association, New, New Jersey Division of Gaming Enforcement, Stockton University, Rush Street Interactive, Twitter Locations: N.J, New Jersey, America, New Jersey , Connecticut, Delaware , Pennsylvania, Michigan, West Virginia, Nevada, U.S, Indiana, state’s, Pennsylvania, Connecticut, Delaware, Atlantic City, “ New Jersey, www.twitter.com

REUTERS/David Swanson/File photo Acquire Licensing RightsNov 24 (Reuters) - Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda. Clean energy experts interviewed by Reuters say the mounting setbacks will make the United States' ambitious targets to decarbonize by mid-century even harder to reach. Solar energy facilities account for two thirds of those delays due in part to U.S. import restrictions. "These are the normal ups and downs of clean energy development and deployment," Reicher said.

Persons: David Swanson, Joe Biden’s, Biden, John Hensley, Wood Mackenzie, “, Ali Zaidi, Prakash Sharma, that's, Vic Abate, it's, Robert Walther, Walther, Dan Reicher, Reicher, Nichola Groom, Richard Valdmanis, Alistair Bell Organizations: REUTERS, Soaring, Ford, Reuters, American Clean Power Association, United Nations, White, Dominion Energy Inc, TEN, GE, Biden, Treasury Department, Trump, Stanford University, Thomson Locations: Palm Springs , California, U.S, Washington, Nations, Egypt, Dubai, United States, Paris, Virginia, Gulf of Mexico

☆ Genesis sues Gemini over $689 million in customer withdrawals
▼ + stars: | 2023-11-22 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

Under the companies' operating agreements, Genesis borrowed crypto assets from Earn customers, re-invested the assets and paid interest to customers. Gemini acted as custodian, processing deposits and withdrawals and taking a cut from payments by Genesis to Earn users. The U.S. Securities and Exchange Commission sued Genesis, its parent company Digital Currency Group (DCG) and Gemini in January. Genesis has also sued DCG over $600 million in unpaid loans made to the parent company. Genesis Global filed for bankruptcy in January after the collapse of key counterparties including FTX caused it to freeze customer redemptions in November 2022.

Persons: Dado Ruvic, Genesis, Gemini, Letitia James, Mark Zuckerberg, DCG, Dietrich Knauth, Will Dunham Organizations: REUTERS, Gemini Trust, U.S . Securities, Exchange Commission, Digital Currency Group, Gemini, New York, Meta, Genesis Global, Thomson Locations: New York

WASHINGTON (AP) — While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry. The latest shoe to drop is Binance’s multibillion dollar settlement with U.S. authorities and the resignation of its CEO this week. When cryptocurrencies collapsed and a number of companies failed last year, Congress considered multiple approaches for how to regulate the industry in the future. Brown has been highly skeptical of cryptocurrencies as a concept and he’s been generally reluctant to put Congress’ blessing on them through legislation. Yesterday’s development marks the same inflection point that we saw earlier at the intersection of the .com and post-.com eras.”

Persons: Sam Bankman, cryptocurrencies, Janet Yellen, Changpeng Zhao, Zhao, Binance, General Merrick Garland, — Binance, Debbie Stabenow, John Boozman, Sen, Sherrod Brown, Brown, He’s, ” Brown, Fried, can’t, ”, Dennis Kelleher, Yiannis Giokas Organizations: WASHINGTON, Treasury, White, Biden Administration, Binance, U.S . Treasury, U.S, Securities and Exchange Commission, Coinbase, SEC, PayPal, Futures Trading Commission, Agriculture Committee, U.S ., Financial Services, Senate, Consumer, Better, Moody’s Analytics, U.S . Authorities Locations: Washington, United States, Cayman Islands, Ohio, stablecoins, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's next for Binance after its CEO stepped down and pleaded guilty: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Steven Lubka, Swan Bitcoin's head of private clients & family offices, weighs in on the multi-billion dollar Binance settlement with U.S. government officials.

Persons: explainers, Steven Lubka, Swan Organizations: Binance, CNBC Crypto, CNBC

☆ Binance settlement 'somewhat of a win' for the crypto firm: Swan Bitcoin's head of private clients
▼ + stars: | 2023-11-22 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance settlement 'somewhat of a win' for the crypto firm: Swan Bitcoin's head of private clientsSteven Lubka, Swan Bitcoin's head of private clients & family offices, weighs in on the multi-billion dollar Binance settlement with U.S. government officials, the SEC's lawsuit against Kraken for allegedly operating an unregistered platform and Bittrex Global's announcement that it is shutting down.

Persons: Swan, Steven Lubka, Kraken

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