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Morris, like thousands of other customers, was snared in the collapse of a behind-the-scenes fintech firm called Synapse and has been locked out of her account for six months as of November. Then she learned how much Evolve Bank & Trust, the lender where her funds were supposed to be held, was prepared to return to her. The crisis started in May when a dispute between Synapse and Evolve Bank over customer balances boiled over and the fintech middleman turned off access to a key system used to process transactions. Synapse helped fintech startups like Yotta and Juno, which are not banks, offer checking accounts and debit cards by hooking them up with small lenders like Evolve. But that would've required more coordination between Evolve and the other lenders that held customer funds than what ultimately happened.
Persons: Oscar Wong, Kayla Morris, Morris, Andreessen Horowitz, Jelena McWilliams, Zach Jacobs, there's, Yotta, Adam Moelis, they've, Jacobs, Andrew Meloan, Meloan, I've, ” Zach Jacobs, McWilliams, McWilliams didn't, Rayburn, Tom Williams, hadn't, Judge Martin Barash, Natasha Craft, they're, Andreatte Caliguire Organizations: Evolve Bank & Trust, Synapse, Evolve Bank, ., CNBC, FedEx, Evolve, Deposit Insurance Corp, U.S, FDIC, Trump, Federal Reserve, Federal Deposit Insurance Corporation, Financial, Prudential Regulators, Megabanks, Depository, CQ, Inc, AMG, Lineage Bank, American Bank, Indiana FedEx Locations: Texas, Tampa , Florida, Yotta, Chicago, California, Mishawaka , Indiana
CNN —A Norwegian man working as a security guard for the US Embassy in Oslo was arrested this week on allegations of spying for Russia and Iran. According to Norway’s public broadcaster NRK, the man is in his 20s and was arrested at home in his garage on Wednesday. He is charged with attempted aggravated intelligence activities against state secrets and admitted to having collected and shared information with Russian and Iranian authorities, according to NRK. The arrest comes amid ongoing concerns about Moscow and Tehran’s espionage and influence operations around the globe. Western officials have disrupted plots from Tehran to harm or kill individuals, including an alleged assassination plot against President-elect Donald Trump.
Persons: Donald Trump, John Christian Elden, Elden, Organizations: CNN, US, NRK, Wall Street Journal, Norway “, US State Department, Norwegian Locations: Oslo, Russia, Iran, Moscow, Tehran, Germany, United Kingdom, Canada, Norway,
A lottery is being held on Monday to determine who will be the 16 people who get to witness what happens next in the case of the Menendez Brothers, who are serving life sentences for murdering their parents in 1989. The drawing will take place between 8 a.m. and 9 a.m. Pacific time, in front of the Van Nuys Courthouse West, the Superior Court of Los Angeles County said. The seats for 16 people, in a county of more than 10 million residents, will be allocated just one hour before the status hearing is set to begin at 10:30 a.m. The court occasionally holds public lotteries “when seating is limited and public interest is high,” a court spokesperson said in an email. Erik and Lyle Menendez killed their parents, Jose and Kitty Menendez, more than 35 years ago in their Beverly Hills mansion.
Persons: Menendez, Van, Erik, Lyle Menendez, Kitty Menendez Organizations: Court of, Netflix Locations: Los Angeles, Angeles County, Beverly
The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty ImagesThe Far East Shopping Center along Singapore's Orchard Road has seen better days. Orchard Road, Singapore's main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch as well as at selected malls linked via underground walkways to subway stations. Far East Shopping Center isn't connected to Orchard MRT unlike several of its neighbors. Two of the properties, the voco Orchard hotel and Forum The Shopping Mall, share some 180 meters of frontage along Orchard Road.
Persons: Ong Beng Seng, hasn't, CDL, Singapore's URA, URA, Richard Goh, Rasa Singapura, Sukanto Tanoto, Du Shuanghua, Jeremy Lake Organizations: Shopping, Bloomberg, Getty, Shopping Center, Singapore Botanic Gardens, Urban Redevelopment, Properties, Singapore, Developments, CDL Hospitality, Arts, CNBC, Singapore Botanic, Pacific Eagle, Food, Savills Singapore, Concorde Locations: Orchard, Singapore, Delfi Orchard, Istana Park, Canning, HPL
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto's stock is on sale and now is a buying opportunity, says Freedom Capital's WoodsJay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss why Palo Alto is overlooked, the play with Palo Alto, and much more.
Persons: Capital's, Jay Woods Organizations: Palo, Freedom Capital Markets, Palo Alto
Harold W. Sims Jr., a fanatic for all things feline, who poured his life savings into his own no-kill animal shelter and then took his passion a step further by founding the American Museum of the House Cat, displaying some 10,000 cat-themed artifacts, including antique windup tabbies and an ancient Egyptian cat mummy, died on Nov. 17 in Sylva, N.C. His death, at a care facility, was confirmed by Kaleb Lynch, who helped run the shelter and served as Dr. Sims’s caregiver. Dr. Sims discovered his love for cats relatively late in life. He began volunteering at an animal shelter, where he helped care for cats. Around the same time, he and Kay adopted their first feline, a Persian named Buzzy.
Persons: Harold W, Sims Jr, Kaleb Lynch, Sims, Kay Organizations: American Museum of Locations: Sylva , N.C, Florida, Western North Carolina
On Today’s Episode:Matt Gaetz Withdraws From Consideration for Attorney General, by Peter Baker, Maggie Haberman and Jonathan SwanTrump Picks Pam Bondi, Florida’s Former Top Prosecutor, for Attorney General After Gaetz Withdraws, by Devlin Barrett, Maggie Haberman, Eric Lipton and Kenneth P. VogelThe ‘Landslide’ That Wasn’t: Trump and Allies Pump Up His Narrow Victory, by Peter BakerWhat’s Behind the Remarkable Drop in U.S. Overdose Deaths, by Jan Hoffman and Noah WeilandWith Use of New Missile, Russia Sends a Threatening Message to the West, by Marc Santora, Lara Jakes, Valerie Hopkins, Andrew E. Kramer and Eric Schmitt‘This Helps Netanyahu’: Israelis Rally Around Netanyahu Over Warrant, for Now, by Isabel Kershner
Persons: Matt Gaetz, Peter Baker, Maggie Haberman, Jonathan Swan Trump, Pam Bondi, Gaetz, Devlin Barrett, Eric Lipton, Kenneth P, Vogel, Trump, Peter Baker What’s, Jan Hoffman, Noah Weiland, Marc Santora, Lara Jakes, Valerie Hopkins, Andrew E, Kramer, Eric Schmitt ‘, Netanyahu ’, Isabel Kershner Organizations: Allies, Missile Locations: Florida’s, Russia
Global citizenship firms said clients are especially concerned about LGBTQ+ rights and the economy. American interest in secondary passports has been on the rise over the last year — and global citizenship firms have reported another surge since President Donald Trump's reelection. AdvertisementThe firm said it saw a 392% increase in inquiries from US nationals during election week compared to the week prior. AdvertisementHe said people are concerned about Trump's promise to raise tariffs, and how that could impact the economy and the US dollar. Leading up to the 2020 election, Jafri said there was an increase in interest from his clientele's Republican contingent.
Persons: Donald Trump's, Judi Galst, Reaz Jafri, Dasein, Jafri, isn't, he's, Galst, Rose Emmett, she's, Emmett, Elizabeth Warren, they've, Galt Organizations: Global, Henley & Partners, New, CS Global Partners, Republican Locations: New York, Europe, London, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmpower's Marta Norton says 2025 will be a year of balance rather than conviction for the marketsMarta Norton, chief investment strategist at Empower Investments, joins CNBC's 'Squawk Box' to discuss her outlook on the economy, how to prepare your portfolio for 2025, and more.
Persons: Empower's Marta Norton, Marta Norton Organizations: Investments
CNN —A civil jury in Ireland on Friday found that mixed martial arts fighter Conor McGregor sexually assaulted a woman in a hotel penthouse after a night of heavy partying. McGregor testified that he never forced her to do anything and that the woman had fabricated her allegations after the two had consensual sex. The woman’s lawyer said she never pretended to be a saint and had gone out looking for a good time that ended up turning into a nightmare. Clodagh Kilcoyne/ReutersMcGregor’s lawyer told jurors they had to set aside their animus toward the fighter. “I’m not asking you to invite him to Sunday brunch.”The defense said the woman never told investigators McGregor threatened her life.
Persons: Conor McGregor, McGregor “, McGregor, John Gordon, “ He’s, ” Gordon, , , ” McGregor, Clodagh Kilcoyne, Remy Farrell, “ I’m, Farrell Organizations: CNN, Police, Reuters, Sunday Locations: Ireland, Dublin, Las Vegas
After hitting two-decade highs nearing 8% late last year, mortgage rates have fallen, dipping nearly as low as 6% in September. Mortgage rates are expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Home sales are on track for their worst year since 1995 due to home-price growth and elevated mortgage rates. Mortgage rates are closely tied to the 10-year US Treasury yield. Billionaire investor Paul Tudor Jones last month said a swelling national debt under Trump would be frowned upon by the bond market.
Persons: Freddie Mac, ” Lawrence Yun, , Wells, Fannie Mae, Donald Trump’s, Trump, ” Bernard Baumohl, Paul Tudor Jones, “ We’re, , Nick Dus, “ They’ve, Dus, NAR’s Yun, Yun, ” Yun, Samantha Delouya Organizations: Washington CNN, National Association of Realtors, Federal, Treasury, Economic Outlook, Billionaire, Trump, CNBC, CNN, Fed Locations: Wells Fargo, Evansville , Indiana
CNN —WNBA star Caitlin Clark has joined an ownership group that is bidding to bring a National Women’s Soccer League (NWSL) team to Cincinnati. Cincinnati is one of a number of cities looking to become the 16th NWSL franchise, facing competition from Cleveland, Denver, Nashville and Philadelphia. “The NWSL Cincinnati bid team is thrilled that Caitlin Clark has joined our ownership group in pursuit of bringing a women’s professional soccer team to our city,” the bid team told CNN Sport in statement. Clark has become one of the most recognizable faces in US sport since her record-breaking college career at Iowa. In her debut WNBA season, Clark became the first rookie in 16 years to be named to the All-WNBA first team.
Persons: Caitlin Clark, , Clark Organizations: CNN, WNBA, Women’s Soccer League, Cincinnati, CNN Sport, BOS Nation FC, Nation, Bay FC, Iowa, Indiana Fever, Connecticut Sun Locations: Cincinnati . Cincinnati, Cleveland, Denver, Nashville, Philadelphia, Cincinnati, Greater Cincinnati, Boston, Connecticut
A dietitian said that eating more substantial meals would reduce the urge to binge on snacks. "I usually skip lunch because I'm not hungry because of my shake," Jessica said. Turoff recommends adding a carb like a baked sweet potato, rice, grains, or pasta to dinner to make the meals more balanced. AdvertisementTip 6: Build up to exerciseExercise plays a smaller role in fat loss than many people think, so Turoff recommends Jessica tackle her food first. Turoff recommends two to three sessions a week.
Persons: Jessica, Dietitian Alix Turoff, creamer, I'm, Turoff, overeating, she's, Jessica doesn't, I've Organizations: BI's Nutrition Clinic, Insider's Nutrition Clinic
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquities are in a 'sweet spot' for the next couple of years, says Laffer Tengler CEO Nancy TenglerNancy Tengler, Laffer Tengler Investments CIO and CEO, join 'Power Lunch' to discuss the market's breadth, Tengler's international exposure, and more.
Persons: Laffer, Nancy Tengler Nancy Tengler Organizations: Tengler
What Elon Musk Needs From China
  + stars: | 2024-11-22 | by ( Keith Bradsher | ) www.nytimes.com   time to read: +1 min
No American business leader has more visibly and lavishly supported President-elect Donald J. Trump than Elon Musk — and few if any have a more complex relationship with China, a country that Mr. Trump has vowed to confront with higher tariffs and other measures. Mr. Musk has a lot on the line. Tesla sells more cars in China than anywhere except the United States, and his local competition is getting stronger. Mr. Musk has personally appealed to China’s premier, Li Qiang, for permission to proceed with what Tesla calls Full Self-Driving as the company’s market share in China has dwindled. Some experts have suggested that Beijing may be able to turn Mr. Musk into an influential ally in trying to persuade Mr. Trump to take a more conciliatory approach on trade.
Persons: Donald J, Trump, Elon Musk, Musk, Tesla, Li Qiang Organizations: Elon, Mr Locations: China, United States, Beijing
New York CNN —McDonald’s is hoping a new value menu will win back customers that have been put off by its higher prices. On Friday, the fast-food chain unveiled the “McValue” menu, a new, budget-friendly category that will roll out at US restaurants on January 7, 2025. Also on the McValue menu are more in-app offers, plus local food and drink deals organized by its franchisees. But the dollar menu proved relatively unpopular compared to the far more successful $5 value meal, which rolled out this summer. The McValue menu will replace what’s left of it.
Persons: New York CNN — McDonald’s, McDonald’s, We’ve, Joe Erlinger, what’s Organizations: New, New York CNN, McDonald’s Locations: New York, McDonald’s USA
The New Pick for Attorney General
  + stars: | 2024-11-22 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
Pam Bondi, who Donald Trump tapped last night for attorney general after former Representative Matt Gaetz dropped his bid, is arriving on the national stage with a smaller profile and less political baggage than Gaetz. Bondi began working as an assistant state attorney in the Tampa area in the 1990s, before becoming Florida’s first female attorney general in 2011. Like Gaetz, Bondi is a Trump loyalist. She served on Trump’s legal team during his first impeachment and oversaw the filing of voting-related lawsuits in battleground states. He has vowed to purge the agency of what he calls “deep state” foes — suggesting an end to the department’s longstanding practice of independence.
Persons: Pam Bondi, Donald Trump, Matt Gaetz, Bondi Organizations: Republican, U.S ., Trump, Justice Department Locations: Tampa, U.S, Bondi
CNBC's Jim Cramer on Friday said companies related to natural gas and oil will thrive under President-elect Donald Trump's administration and a majority Republican Congress. "If you want a sustainable Trump trade, I say bet on the natural gas ecosystem. Enbridge says it transports about 20% of all natural gas consumed in the U.S., and Cramer claimed the Canadian outfit has "strategically located assets." He also named Cheniere and Sempra , saying the former is the "best play" for liquified natural gas exports. "Seasonally, this is a good time for the commodity," he said, pointing out that natural gas itself has climbed since the election.
Persons: CNBC's Jim Cramer, Donald Trump's, Joe Biden's, Cramer, Trump, Chris Wright, Kinder Morgan, Enbridge Organizations: Republican Congress, Trump, Department of Energy, Energy Locations: underperform, U.S
AdvertisementA new study found that postpartum depression rates doubled over the past decade. A new study from JAMA found that postpartum depression diagnoses have doubled in the last decade. AdvertisementPlowing ahead, potentially ignoring postpartum depression symptoms, can lead to quicker burnout — and leaving a career entirely. AdvertisementPostpartum depression can be hard to identifySymptoms of postpartum depression range from intense mood swings to thoughts of harming your baby. Fornaro's husband worried about her postpartum depression and offered to pay for a nanny, which she initially refused.
Persons: Bri Ramos, Ramos, Ramos Zoloft, Nehaa, Stephanie Fornaro, it's, Justine Sterling Converse, Converse, hadn't, Fornaro, Clayton Shuman Organizations: Business, JAMA, Kaiser Permanente Locations: Kaiser Permanente Southern California, Texas, Greece, Iceland, North Macedonia
It is very unusual for Chinese businesspeople to take public aim at the government and those who have done so have often faced repercussions. In particular, Pinduoduo’s pricing system has done great harm to China’s brands and its industries,” he was quoted as saying by state-owned media outlet The Paper. In further remarks from the same press conference that were not widely reported by state media, Zhong singled out the Chinese government for not doing more to stop the trend. CNN has reached out to Nongfu Springs and PDD (PDD) for comment. A worker prepares to transfer packages after sorting at a warehouse for an e-commerce company in Beijing on November 11, 2024.
Persons: Hong Kong CNN —, Zhong Shanshan, Zhong, Pinduoduo, Alibaba, Jack Ma, Ma, Colin Huang, Wang Zhao, Zhong’s, Huang Organizations: Hong Kong CNN, PDD Holdings, Sina Technology, CNN, Ant Group, Alibaba, Getty, Bloomberg Locations: China, Hong Kong, Beijing, AFP
When Your Living Room Is Also an Art Gallery
  + stars: | 2024-11-22 | by ( Kin Woo | ) www.nytimes.com   time to read: +1 min
Now, however, a growing number of gallerists and curators are, like Biljani, taking the opposite approach, exhibiting in the very places where daily life dominates: their own homes. In Manhattan’s Financial District, the dealer Michael Bargo, 41, sells rare furniture out of his one-bedroom apartment. In Los Angeles’s Frogtown, the collector Jonathan Pessin, 54, has converted his residence into a veritable bazaar of vintage design objects. And on New York’s Lower East Side, the pro skater turned artist and gallerist Tony Cox, 49, runs Club Rhubarb — a tiny, deliberately hard-to-find contemporary art gallery — out of his sixth-floor abode. But now, whether driven by skyrocketing rents, a collective urge to experiment or a longing to encourage active participation with the art, the concept is taking hold.
Persons: Michael Bargo, Frogtown, Jonathan Pessin, gallerist Tony Cox, Florence Lopez, , Charlotte Gainsbourg Organizations: Manhattan’s Financial Locations: York’s, Paris
AdvertisementTrump is preparing to nominate Scott Bessent, a billionaire investor, for Treasury secretary. President-elect Donald Trump is reportedly preparing to nominate Scott Bessent, a Wall Street veteran and campaign ally, for Treasury secretary, one of the biggest Cabinet prizes. AdvertisementBessent, 62, founded and runs the macro hedge fund Key Square Group and emerged as a key economic advisor to Trump on the campaign trail. Known for his interest in niche economic data, Bessent helped draft speeches and write policy proposals for Trump's economic ideas. Dubbed a "Trump whisperer" by Forbes, Bessent has signaled support for some of Trump's key proposals.
Persons: Scott Bessent, Bessent, George Soros, Donald Trump, Trump's, Trump, Al Gore, Soros, James Rogers, hasn't, John Freeman, he's, — Trump, Jerome Powell's Organizations: Trump, Wall Street, Group, GOP, Democratic, Street Journal, Yale, Soros Fund Management, Republican, Soros, Mar, Forbes, CNBC, Federal Locations: South Carolina, New York City, Charleston , South Carolina, Southampton , New York
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'A lot of room to go' before Google antitrust case is decided, says BofA's Justin PostJustin Post, BofA Securities senior internet technology analyst, joins CNBC's Kate Rooney and Deidre Bosa on 'The Exchange' to discuss the AI landscape, Google's antitrust scrutiny, and more.
Persons: BofA's Justin, Justin Post, Kate Rooney, Deidre Organizations: BofA Securities
CNN —President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury. A key Cabinet player, the US Treasury secretary advises the president on economic and fiscal matters, including spending and taxes. Bessent would be the first out gay Treasury secretary, as well as the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according to The Associated Press. Compared to Lutnick’s more aggressive campaign for the role, Bessent led a more understated quest for the position. All of the names Trump put out Friday night had been decided by the afternoon, the sources said, but he wanted to name his Treasury secretary first before publicly releasing his other decisions.
Persons: Donald Trump, Scott Bessent, “ Scott, ” Trump, Scott, ” Bessent, Trump, George Soros, Bessent’s, Bessent, Pete Buttigieg, , Howard Lutnick –, Lutnick, Cantor Fitzgerald, fides, MAGA, Elon, Steven Mnuchin, Mnuchin, Kayla Tausche, Matt Egan Organizations: CNN, Department of, Treasury, of Innovation, Capital, U.S, Reserve, Square Capital Management, Soros Fund Management, Democratic, Senate, Republican, Associated Press, Biden, Wall Street, Trump, , Financial Times, CNBC, Soros, United, Republicans, Treasury Department Locations: United States, United States of America, China
AdvertisementMatika Wilbur photographed members of every federally recognized Native American tribe. She published a book of her photos titled "Project 562: Changing the Way We See Native America." AdvertisementShe embarked on a yearslong project photographing members of every federally recognized Native tribe in North America. In 2023, she published her collection of photos in a book titled "Project 562: Changing the Way We See Native America." Wilbur spoke with Business Insider about her project, her photos, and the importance of agency in Native American representation.
Persons: Wilbur, Matika Wilbur Organizations: Business Locations: Native America, South America, American, North America
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