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☆ Russia is teaching high schoolers how to use drones and handle rifles so future draftees are more ready for the frontlines, UK intel says
▼ + stars: | 2023-09-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Russia is teaching students the ways of war so that it can conscript more ready young men, UK intel said. The senior student curriculum includes handling rifles, grenades, and drones. The basic military training module of the class includes handling Kalashnikov assault rifles — something seen in occupied Crimean schools last spring — as well as grenades. Now, it appears both could be goals, as the class both indoctrinates students into war efforts and prepares them for potential fighting. Similarly, Russia training students in how to pilot drones could give them a leg up in recruiting new operators, considering the highly specialized and meticulously trained skillset required for flying drones, particularly first-person view (FPV) drones, and the important — and dangerous — role these operators play on the battlefield.

Persons: — Organizations: intel, Service, UK Ministry of Defense Locations: Russia, Wall, Silicon, Russian, Crimean, Ukraine

☆ Russia keeps jamming Ukrainian drones, forcing their operators to move closer to the front line — and into greater danger
▼ + stars: | 2023-09-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Russia keeps jamming Ukraine's drones and it's making their operators get closer to danger. That's forced Ukraine to shuffle its drone operators, such as first-person-view (FPV) pilots, closer to avoid jamming and counter Russia's own drone operators. In the early months after Russia's full-scale invasion, drone operators could pilot miles from the front, which kept them safer from conflict. Drone operators, who have received extensive training, are indispensable for their side — and high-value targets for enemies. Some of these relatively cheaper drones can have an outsized impact, with some FPV drones taking out high-cost, high-value targets such as Russian T-90 tanks.

Persons: That's Organizations: Service, BBC News, PBS Locations: Russia, Wall, Silicon, Ukrainian, Ukraine

☆ 4 Roman-era swords were found perfectly preserved in their scabbards in a cave. They were as sharp as if they were hidden today, scientists said.
▼ + stars: | 2023-09-06 | by ( Marianne Guenot | Chris Panella | ) www.businessinsider.com time to read: +3 min

Perfectly preserved Roman-era swords were discovered in a Dead Sea cave by Israeli reseachers. The Israeli Antiquities Authority thinks the four swords were used by Judean rebels 1,900 years ago. Ilan Ben Zion / Associated PressOn Wednesday, the Israeli Antiquities Authority announced the discovery of the cache in a small, almost inaccessible Judean Desert cave near the Dead Sea. Scientists said the swords featured wooden and leather hilts, wooden scabbards, and steel blades that were amazingly preserved after spending almost 2,000 years in a remote desert cave. Researchers discover the ancient Roman-era swords in a small crack of a remote cave near the Dead Sea.

Persons: reseacher, Eitan Klein, Ilan Ben Zion, Eithan Klein, Eli Escusido, Emil Aladjem, Klein Organizations: Israeli Antiquities Authority, Service, Survey Project, Israel Antiquities Authority, Associated, Survey, BBC, Authority Locations: Wall, Silicon, Judean, Israel, Judea

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Prime Group Holdings Llc FollowNEW YORK, Sept 5 (Reuters) - Prime Group Holdings LLC, a private equity firm based in Saratoga Springs, New York, has agreed to pay $20.5 million to settle U.S. Securities and Exchange Commission charges related to disclosure failures, the regulator said on Tuesday. Prime Group failed to adequately disclose millions of dollars in real estate brokerage fees paid to a firm owned by its CEO. Prime Group did not adequately disclose to its investors that an affiliated firm was booking real estate brokerage fees related to an investment fund the group launched in 2017, the SEC said. A representative for Prime Group, which did not admit or deny the SEC's charges, declined to comment.

Persons: Andrew Kelly, Chris Prentice, Chizu Nomiyama, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Prime Group Holdings, U.S, Securities, Exchange, Prime, SEC, Prime Group, Thomson Locations: Washington ,, Saratoga Springs , New York

☆ US securities regulator charges 5 investment advisers with custody rule violations
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., U.S., May 12, 2021. The firms - Lloyd George Management (HK) Ltd, Bluestone Capital Management LLC, the Eideard Group, Disruptive Technology Advisers LLC, and Apex Financial Advisors Inc - did not admit or deny the SEC's findings. Disruptive Technology agreed to pay a civil penalty of $225,000, the SEC said. Lloyd George agreed to pay a penalty of $50,000. Apex, which declined to comment when called for comment, agreed to pay $130,000.

Persons: Andrew Kelly, Lloyd George, Chris Prentice, Jonathan Oatis, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Lloyd, Lloyd George Management, Bluestone Capital Management, Eideard, Technology, Apex Financial Advisors, Bluestone Capital, Apex, Thomson Locations: Washington ,

☆ Russia's attempt to shield its bombers from Ukrainian attacks with car tires is just the latest in a string of makeshift defenses
▼ + stars: | 2023-09-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

New photos show Russia shielding its Tu-95 bomber jets from missiles with rows of car tires. It's the latest entry in a long list of jury-rigged Russian defenses and force protection measures. Russia recently put cages on its tanks and sunk ships along a key bridge as last-ditch defenses. Close-up analysis concluded that the patches were individual car tires, The Drive first reported, likely meant to confuse incoming Ukrainian missiles, such as the R-360 Neptune anti-ship cruise missiles that Ukraine has modified to hit land targets. That random assortment of defenses for Kerch Bridge speaks less to a cohesive strategy and more to Russia scrambling to protect against the growing threat of Ukrainian drone boat attacks.

Persons: Engels, it's, logistically, Mary, Russia's Organizations: Service, LB Locations: Russia, Wall, Silicon, Saratov, Russian, Ukraine, Kerch, Crimea, Ukrainian

☆ Even an ex-spy is concerned Ukraine's assassination squads are going too far
▼ + stars: | 2023-09-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Ex-spy Valentin Nalivaychenko said even he's concerned Ukraine's assassinations are going too far. He told The Economist Ukraine's "security services shouldn't do things just because they can." Ukraine is tight-lipped, but assassinations in occupied territory and Russia have cropped up over the war. But now, even a Ukrainian ex-spy is concerned the country's assassination squads are going too far. Ukraine's network of spies has supposedly ramped up its attacks, especially on pro-war propagandists far from the front lines.

Persons: Valentin Nalivaychenko, Nalivaychenko, Geenral, Budanov, Darya Dugina, Alexander Dugin —, Dugin Organizations: Service, Security Service, The New York Times Locations: Ukraine, Russia, Wall, Silicon, Ukrainian, Russian, Krasnodar, Vinnytsia, St . Petersburg

☆ Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company
▼ + stars: | 2023-09-05 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

Until last month, Qualcomm was also the world's biggest fabless chip company. But Qualcomm CEO Cristiano Amon is betting that one day, generative AI will be in high demand off the cloud, too. Qualcomm modems are inside all iPhone models currently being made, including the next model set to come out next week. Today, Qualcomm has more than 140,000 patents. The other lawsuit came from Apple, which sued Qualcomm for roughly $1 billion for charging royalties for technologies Apple said Qualcomm had "nothing to do with."

Persons: Cristiano Amon, Amon, Chris Patrick, Irwin Jacobs, Jacobs, Nobody, Jay Goldberg, Patrick, it's, Daniel Newman, Newman, It's, Donald Trump, Stacy Rasgon, Qualcomm's Amon, CNBC it's Organizations: Qualcomm, Nvidia, Amazon Web Services, CNBC, Apple, Quality Communications, D2D, Futurum, Federal Trade Commission, Broadcom, Bernstein Research, GM, BMW, Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: San Diego, China, Taiwan, Asia, That's, U.S, Arizona

☆ Russia's front line defenses are so dangerous that Ukraine has to clear a path up to 10 miles wide to shatter them
▼ + stars: | 2023-09-01 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Russia's extensive defenses are forcing Ukraine to clear a path 10 miles wide for full-scale attack. Ukraine needs the space to protect its Western-made tanks and vehicles, The Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. But that route will need to be at least 10 miles wide to protect prized Western-made tanks and armored vehicles from powerful Russian artillery. Now, Ukraine will need to clear that 10-mile path in order to successfully breach past Russian defenses.

Persons: Bradley, Oleksii, it's Organizations: Street Journal, Service, Combat, Wall Street Journal, Institute for, General Staff of, Armed Forces Locations: Ukraine, Zaporizhzhia, Wall, Silicon, Verbove, Robotyne, Dnipro, Russian, Azov, Mariupol

☆ Ukraine has a key bridge in its sights, and Russia is throwing whatever it can, from sunken ships to smoke screens, into trying to defend it
▼ + stars: | 2023-09-01 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Russia has set up a number of defenses to protect the Kerch Bridge from Ukrainian drone boat attacks. The protective measures include using smoke screens, sunken ships, and containment booms, intelligence indicates. The Kerch Bridge is a key supply and logistics line and a symbol of its influence over Crimea. The new defensive strategies for protecting the Kerch Bridge include purposefully sunken ships, smoke generators, and containment booms, among other things, according to Western intelligence. That has made the Kerch Bridge a symbol of Russian oppression of Ukraine and a key target for Ukrainian forces.

Persons: It's, Vladimir Putin's Organizations: Service, Getty, Ukrainian Locations: Russia, Kerch, Ukrainian, Crimea, Wall, Silicon, Ukraine, AFP, Kerch Strait

"Boarding is one of the most difficult parts of air travel and frustrating to a lot of passengers," said Leslie Josephs, CNBC's airline reporter. In the 1970s, Southwest Airlines' average turn time, from the moment a plane arrives at the gate to the time it leaves, was only 10 minutes. Flight delays cost airlines and passengers about $33 billion each year, according to government data. But experts say speeding up the boarding process is not really a priority for airlines — they've monetized everything about it. "The different boarding groups that we see today have emerged because people value their priority in boarding," said Kerry Philipovitch, former senior vice president of customer service at American Airlines.

Persons: Leslie Josephs, Chris Parks, Josephs, Kerry Philipovitch, Kerry Organizations: Southwest Airlines, American Airlines

☆ Ukrainian forces have pushed into the main line of Russian defenses, where they face a maelstrom of threats
▼ + stars: | 2023-08-31 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Ukrainian forces have pushed into the main line of Russian defenses south of Zaporizhzhia. Ukraine launched its counteroffensive operations roughly three months ago, and efforts to break through Russian defenses and regain occupied territory have been relatively slow. On Monday, Ukraine's defense minister Oleksii Reznikov said that Ukraine's forces "broke the first line," adding that they are expanding their foothold. In both cases, Ukraine faces tough defenses as they attempt to push forward into the main line. For now, Ukraine will have to take the small wins and continue to pressure Russian defenses, which remain formidable.

Persons: It's, Oleksii Reznikov, they're, they've Organizations: Service, Institute for, General Staff of, Armed Forces, Bradley, Street Journal Locations: Zaporizhzhia, Wall, Silicon, Russian, Ukraine, Verbove, Robotyne, Zaporizhia, Dnipro, Western

☆ Russia sank ships to protect a key bridge from Ukraine's naval drones. It might not be enough to keep the small exploding vessels from hitting their targets.
▼ + stars: | 2023-08-31 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Russia is sinking ships to protect the Kerch Bridge to Crimea from Ukraine's naval drones. The barrier is estimated to be less than a mile in length — a small fraction of the massive 12-mile-long bridge. The ships Russia appears to be sinking were destined for the scrapyard, but could have been valuable for recycling parts. AdvertisementAdvertisementIn July, an explosion apparently caused by a surface drone rocked a section of the Kerch Bridge, wrecking the roadbed and killing two adults. With Crimea being among the most important territory for Kyiv to reclaim in the war, the Kerch Bridge is an important bond to sever.

Persons: Bryan Clark, —, Clark, Vladimir Putin, STRINGER Organizations: Service, Twitter, Russian Navy, US Navy, Hudson Institute, Getty, Russian, Kremlin, Ukrainian, Sig Locations: Russia, Kerch, Crimea, Wall, Silicon, Ukraine, AFP, Ukrainian, Kyiv, Russian, Novorossiysk

☆ Donald Trump's latest arrest and no-show at the GOP debate just made voters want him more
▼ + stars: | 2023-08-31 | by ( Chris Panella | Madison Hall | ) www.businessinsider.com time to read: +2 min

62% of potential Republican primary voters said Trump has best chance of beating Biden, poll shows. Morning Consult's new data comes after Trump's latest arrest and no-show at the GOP debate. DeSantis and Ramaswamy both dropped in potential voters after their debate appearances. Ron DeSantis, who saw just 13% of potential primary voters saying he'd have the best chance of beating Biden in the same poll. He opted out of Wednesday's GOP presidential debate, instead recording an interview with former Fox News host Tucker Carlson that was posted just five minutes before the debate began.

Persons: Trump, Biden, DeSantis, Ramaswamy, Donald Trump's, Joe Biden, Ron DeSantis, he'd, Tucker Carlson, —, Trump's, who's Organizations: Republican, GOP, Service, Morning, Florida Gov, Trump, Fox News Locations: Wall, Silicon, Fulton County , Georgia

☆ Analysis-Grayscale victory big boost for decade-long spot bitcoin ETF push
▼ + stars: | 2023-08-30 | by ( Hannah Lang | Chris Prentice | ) www.reuters.com time to read: +5 min

FILE PHOTO: Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. A spot bitcoin ETF would give investors exposure to the world’s largest cryptocurrency by market capitalization without having to own it. The SEC has denied all spot bitcoin ETF applications, saying applicants have not shown they can protect investors from market manipulation. Grayscale argued the same setup should be satisfactory for its spot ETF, since both products rely on bitcoin’s underlying price. Other firms have spot bitcoin ETF applications with the SEC, including asset management giant BlackRock, Fidelity and WisdomTree.

Persons: Dado Ruvic, Grayscale’s, It’s, ”, Christopher LaVigne, Withers, “, Michael Sonnenshein, Bitcoin, Sui Chung, Joseph Toner, Seth Hertlein, Ryan Louvar, Paul Grewal, ” Coinbase, Withers ’ LaVigne Organizations: WASHINGTON, REUTERS, District of Columbia, Securities and Exchange Commission, SEC, CNBC, Chicago Mercantile Exchange, Fidelity, Coinbase, BlackRock, Supreme Locations: Washington, New York, WilmerHale, BlackRock

Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. A spot bitcoin ETF would give investors exposure to the world's largest cryptocurrency by market capitalization without having to own it. The SEC has denied all spot bitcoin ETF applications, saying applicants have not shown they can protect investors from market manipulation. Grayscale argued the same setup should be satisfactory for its spot ETF, since both products rely on bitcoin's underlying price. Other firms have spot bitcoin ETF applications with the SEC, including asset management giant BlackRock (BLK.N), Fidelity and WisdomTree (WT.N).

Persons: Dado Ruvic, Grayscale's, It's, Christopher LaVigne, Withers, Michael Sonnenshein, Bitcoin, Sui Chung, Joseph Toner, Seth Hertlein, Ryan Louvar, Paul Grewal, Coinbase, LaVigne, Carolina Mandl, Tom Wilson, Michelle Price, Jonathan Oatis Organizations: REUTERS, Rights, District of Columbia, Securities and Exchange Commission, SEC, CNBC, Chicago Mercantile Exchange, Fidelity, Coinbase, CME, BlackRock, Supreme, Thomson Locations: Washington, New York, WilmerHale, London

☆ Ukrainian advisor says Prigozhin's death in a plane crash is a warning that there's no negotiating with Putin
▼ + stars: | 2023-08-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

A Ukrainian presidential advisor warned that Prigozhin's death shows Putin won't negotiate. Wagner Group boss Yevgeny Prigozhin died in a plane crash last week, confirmed by Russia. Podolyak added: "So, as long as Putin remains president, the war will continue. The disparaging comments come just a week after Prigozhin's death, confirmed by Russian officials, in a plane crash outside Moscow. After Prigozhin's death, multiple officials and critics, including US President Joe Biden and the White House itself, suggested Putin was involved in assassinating Prigozhin and that "no one should be surprised" by his death.

Persons: Putin, Wagner, Yevgeny Prigozhin, Mykhailo Podolyak, Yevgeny Prigozhin's, there's, Vladimir Putin, Volodymyr Zelenskyy, Podolyak, Prigozhin, Wagner's Prigozhin, Putin Prigozhin's, Sergei Shoigu, Russian Armed Forces Valery Gerasimov, Ukraine —, Joe Biden Organizations: Service, Wagner Group, Russian, Staff, Russian Armed Forces, Russia's Ministry of Defense, Kremlin, Al Locations: Russia, Wall, Silicon, Moscow, Ukraine, Al Jazeera

☆ Top Ukrainian advisor warns the war is coming to Russia and 'cannot be stopped' as drones destroy Russian aircraft
▼ + stars: | 2023-08-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

A top Ukrainian advisor says the war is increasingly crossing into Russia and can't be stopped. Recent drone attacks have damaged Russian aircraft and jets far from the front lines. The fiery comments come amid increasing drone strikes inside Russian territory, including an attack over the weekend that Ukraine said damaged Russian fighter jets. Ukraine said it hit the jets with Australian-made "cardboard" drones that have a range of up to 75 miles. Drone attacks on Russia — Ukrainian-claimed or otherwise — are not new.

Persons: Mykhailo Podolyak, Volodymyr Zelenskyy Organizations: Twitter, Service, Ukraine's Security Services, intel Locations: Ukrainian, Russia, Wall, Silicon, Ukraine, Russian, Soviet, Moscow

A panel of judges in the District of Columbia Court of Appeals in Washington said the securities regulator's denial of Grayscale's proposal was arbitrary and capricious because the SEC failed to explain its different treatment between bitcoin futures ETFs and spot bitcoin ETFs. CRYPTO WINThe SEC rejected Grayscale's application for a spot bitcoin ETF in June 2022, arguing the proposal did not meet anti-fraud and investor protection standards. The court said in its ruling that the SEC failed to explain why it disagreed with Grayscale's assertion that the bitcoin spot and futures markets are 99.9% correlated. If the SEC chooses not to appeal, the court would issue a mandate specifying how its decision should be executed. That could include instructing the SEC to approve the application, or to revisit Grayscale's application, in which case the SEC could still reject the proposal on other grounds.

Persons: Dado, CRYPTO, Judge Neomi Rao, Hannah Lang, Chris Prentice, Paul Simao, Matthew Lewis Organizations: REUTERS, WASHINGTON, U.S . Securities, Exchange, District of Columbia, SEC, CRYPTO WIN, Fidelity, Appeals, U.S, Supreme, BlackRock, New, Thomson Locations: District, Washington, New York

☆ American homes are shrinking, but it isn't making houses any more affordable
▼ + stars: | 2023-08-28 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +4 min

Yet, the cost per square foot has markedly accelerated over the same period, data from John Burns Research and Consulting shows. We saw increased prices across the board, and that's showing up in that increased price per square foot." Not only are prices per square foot going up, data suggests that contractors are less likely to build homes with a lower price per square foot. AdvertisementAdvertisementFurther double-digit jumps in price per square foot are less likely to materialize in the current environment. But as floor plans get smaller, price per square foot could stay stubbornly high.

Persons: John Burns, That's, Chris Porter, demographer, Porter, Redfin Organizations: Census, John, John Burns Research, Consulting, Builders, Service, Homeowners, Wall Street Journal Locations: Wall, Silicon, Indiana, Zillow

☆ A deadly plane crash appears to have killed Wagner's top boss, but even without Prigozhin, the group likely isn't a 'chicken with its head cut off,' expert says
▼ + stars: | 2023-08-24 | by ( Chris Panella | Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Wagner Group mercenary leader Yevgeny Prigozhin is believed to have died in a plane crash on August 23. Without Prigozhin, Wagner's key operations, finances, and future are unclear, experts told Insider. It's likely not "a chicken with its head cut off," Miles said because Wagner's local operations "are still in play." His mercenaries were given the choice to join the ranks of the Russian military, leave for civilian life, or join Prigozhin in Belarus. A mural depicting mercenaries of Russia's Wagner Group that reads: "Wagner Group - Russian knights."

Persons: Wagner, Yevgeny Prigozhin, it's, Simon Miles, Miles, Prigozhin, Dmitry Utkin, Sergei Shoigu, Defense Valery Gerasimov, Alexander Lukashenko, Catrina Doxsee, Doxsee, There's, Kateryna Stepanenko, Prigozhin —, —, Russia's, Darko Vojinovic, Prigozhin's, ISW Organizations: Wagner Group, Service, Russian, Duke University's Sanford School of Public Policy, Soviet Union, TASS, Staff, Russian Armed Forces, Defense, Kremlin, Prigozhin, Press, REUTERS, PMC, Transnational, Center for Strategic, Ministry of Defense, Russian Ministry of Defense Locations: Russia, Wall, Silicon, Soviet, Russian, Tver, Moscow, Ukraine, Bakhmut, Rostov, Belarus, Belarusian, Africa, Concord, Latin America, Crimea, Syria, Libya, Mali

☆ US SEC readies vote on regulatory overhaul for private funds
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. At the time it was proposed, SEC Chair Gary Gensler said the changes would benefit investors in such funds, typically wealthy individuals and institutional investors like pension funds, and companies raising capital from them. "Private fund advisers, through the funds they manage, touch so much of our economy. Private funds reported holding $20.4 trillion in gross assets by the end of 2022, versus $8 trillion about a decade earlier, according to data available on the SEC's website. "We don't see that the SEC is solving anything with this," said Jack Inglis, CEO of the Alternative Investment Management Association.

Persons: Andrew Kelly, Gary Gensler, Sherrod Brown, Elizabeth Warren, Jennifer Han, Jack Inglis, Chris Prentice, Douglas Gillison, Michelle Price, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Exchange, Fund, SEC, Democratic, Industry, Citadel LLC, Association, Alternative Investment Management Association, Carolina, Thomson Locations: Washington ,, New York, Washington

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. Here are the highlights:PRIVATE EQUITY, HEDGE FUND FEESThe SEC on Wednesday finalized a sweeping overhaul of private rules with the aim of increasing transparency and fairness in the industry which oversees more than $20 trillion in assets. MONEY MARKET FUNDSThe SEC in July finalized rules aimed at increasing the resilience of the $5.5 trillion money market fund industry. MUTUAL FUND LIQUIDITY, PRICING RULESSimilarly, the SEC has proposed new rules aimed at better preparing the broader mutual fund industry for distress. The SEC says speeding up the disclosures is fairer on retail investors, who are disadvantaged by the current 10-day window.

Persons: Andrew Kelly, Gary Gensler, Chizu Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Rights, Wednesday, Thomson Locations: Washington ,

The private fund industry manages $20 trillion in assets. They would also require funds to perform annual audits. "Private fund advisers, through the funds they manage, touch so much of our economy," he said at the time. The rule would require fund managers to disclose so-called "side letters" - an industry practice through which funds can offer some investors special terms - when they are financially material. Earlier, the proposed rules would require investors and private funds to re-write all their contracts.

Persons: Jim Bourg, Exchange Commission's, Gary Gensler, Andreesen Horowitz, Michelle Price, Nick Zieminski, Mark Porter Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Securities, Exchange, Citadel, Industry, Association, Alternative Investment Management Association, Thomson Locations: Washington, U.S

☆ The CIA's director predicted last month that Putin would seek revenge on Yevgeny Prigozhin after his failed coup
▼ + stars: | 2023-08-23 | by ( Rebecca Cohen | Chris Panella | ) www.businessinsider.com time to read: +3 min

CIA director William Burns predicted last month that Putin might not be done with Yevgeny Prigozhin. Prigozhin led a short-lived coup against Russian military leaders exactly two months ago. AdvertisementAdvertisementThe feud between Prigozhin and Russian higher-ups came to blows in late June, when Wagner launched a failed mutiny against Russia's military leadership in late June, with Prigozhin marching his mercenary troops toward Moscow. But the coup was short-lived when Prigozhin appeared to make a sudden reversal, ordering his troops to turn back and stand down. Since then, Prigozhin's whereabouts and standings with both Russian military leadership and Putin himself have been all over the place.

Persons: William Burns, Putin, Yevgeny Prigozhin, Prigozhin, Bill Burns, Wagner, Vladimir Putin's, Burns, Prigozhin —, —, Wager, Alexander Lukashenko, They've, it's Organizations: Russian, TASS, Service, Kremlin, Belarusian Locations: Wall, Silicon, Aspen, Tver, Moscow, Russian, Ukraine, Prigozhin, Belarus, Russia, Belarusian, Africa

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