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So, he’s definitely a valued player and I think the most valued player.”There are few backs as versatile as McCaffrey. He excels at picking up blitzes as well as running pass patterns out of the backfield. Or he can line up in the slot or out wide and run pass patterns as well as many receivers. That versatility can sometimes be a curse with some coaches viewing him more as a scat back than a traditional three-down back who can pound it between the tackles for positive yards play after play such as the old-school backs from the 1970s and ’80s. I had coaches in the NFL who didn’t think I could run in between the tackles.

Persons: Jed York, Kyle Shanahan, Christian McCaffrey, McCaffrey, “, York, ” McCaffrey, He's, Brock Purdy, That’s, Shanahan, It’s, ”, it’ll, ’, Steve Spagnuolo Organizations: San Francisco 49ers, Niners, 49ers, NFL, Kansas City Chiefs, National Football League, Chiefs, Rams, ” Chiefs Locations: SANTA CLARA, Calif, Carolina, Francisco

A run of big draft hits in previous years, two trades for All-Pros and perhaps the greatest get out of jail free card in draft history. He's done all that while getting a salary of $870,000 this season, allowing San Francisco to spend big at other spots. San Francisco also invested heavily in McCaffrey and have the highest-paid fullback in the league in All-Pro Kyle Juszczyk. San Francisco added to the position by dealing a third-round pick at the trade deadline for a former No. San Francisco used a fourth-round pick on punter Mitch Wishnowsky in 2019.

Persons: Trey Lance, Lance, couldn't, Brock Purdy, “ It’s, Trent Williams, Kyle Shanahan, John Lynch, Jed York, “ Kyle, ” York, George Kittle, Fred Warner, Nick Bosa, Deebo Samuel, Talanoa Hufanga —, Williams, Christian McCaffrey, Shanahan, ” Lynch, “, it’s, Samuel, Brandon Aiyuk, Francisco, McCaffrey, Kyle Juszczyk, Purdy, Aaron Banks, Colton McKivitz, Jake Brendel, Jon Feliciano, Lynch, Arik Armstead —, Javon Hargrave, San, Chase Young, Dre Greenlaw, Charvarius Ward, Ward, Robbie Gould, Jake Moody, Moody, Mitch Wishnowsky, ___ Organizations: San Francisco 49ers, 49ers, San Francisco, NFC, Kansas City Chiefs, Niners, NFL, Shanahan, Warner, Chiefs Locations: SANTA CLARA, Calif, San Francisco, Purdy, Washington, Francisco, Cleveland

☆ 5 ways to help boys cultivate friends and combat loneliness
▼ + stars: | 2024-01-30 | by ( Phyllis L. Fagell | ) edition.cnn.com time to read: +10 min

Like Kaden, many boys want to spend time with friends but lack the skills needed to connect. Here are five ways you can help boys form satisfying friendships to combat loneliness and its damaging effects. Do your boys have individual friends and friend groups? Help boys take social risksFor boys who need logistical help, “Say, ‘I want you to text three people,’” said Christopher Pepper, a teacher who coordinates boys’ groups in San Francisco Public Schools. Help boys read social cuesAt Sterling Hall School in Toronto, teachers facilitate community circles to teach boys how to repair friendships and show empathy, said principal Rick Parsons.

Persons: doesn't, CNN — Lori Oberbroeckling, Kaden, “, ’ ”, Oberbroeckling, ”, Ioakim Boutakidis, we’ve, Janice McCabe, She’s, ” McCabe, Mayur, Mitch Prinstein, Prinstein, Dave Keeler, Christopher Pepper, Ryan Wexelblatt, ” Boutakidis, We’re, Andrew Reiner, ” Prinstein, ‘ I’ve, Katie Hurley, Jed Foundation’s, Sameer Hinduja, Hurley, ‘, Daryl Howard, Howard, “ They’re, Rick Parsons, ’, ” Pepper, Reiner, they’re, ” Phyllis L Organizations: CNN, California State University, Fullerton, New York University, Dartmouth College, Getty, American Psychological Association, San Francisco Public Schools, Pew Research Center, Cyberbullying Research, Florida Atlantic University, Technology, Diversity, Cowboys, Sterling Hall School, Chrysalis Group, “ Locations: Phoenix, College, San, Tucson , Arizona, America, Toronto

Analyst Ronald Epstein downgraded the stock to neutral from buy and lowered his price target to $225 from $255. The new price target implies just 5% upside from Wednesday's close. Analyst Jed Kelly has an outperform rating and $44 price target on shares, implying 14.4% upside potential since Thursday's close. Analyst Wamsi Mohan reiterated his buy rating on the stock and raised his price target to $200 from $170. Analyst Michael Sison lowered his price target to $69 from $85, implying just 7.5% upside from Wednesday's close.

Persons: Hertz, Ronald Epstein, Epstein, — Hakyung Kim, Oppenheimer, Jed Kelly, Kelly, DraftKings, aren't, Wamsi Mohan, Mohan, JPMorgan's Brian Essex, David Vogt, Essex, Vogt, Wells, DuPont Wells, —, Michael Sison, Sison, Kim, Downside, Tesla, Tesla's, Morgan Stanley's Adam Jonas, Jonas, Joseph Spak, inched, TSLA, Spak, Goldman Sachs, Mark Delaney, Dan Levy, Levy, Colin Langan, Langan, Toni Sacconaghi, Bernstein, JPMorgan downgrades, Ryan Brinkman, Fred Imbert Organizations: CNBC, Tesla, EV, Hertz, JPMorgan, Bank of America, Boeing, Alaska Airlines, of America, Federal Aviation Administration, FAA, IBM, UBS, PTI, bps, DuPont, DuPont de Nemours, Barclays, JPMorgan downgrades Hertz Locations: Alaska, Draftkings, Essex, Wednesday's, Wells Fargo, China, 2H24, Europe

☆ 16 VCs that are funding the future of entertainment by backing generative AI and other disruptive tech
▼ + stars: | 2024-01-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +17 min

AdvertisementAfter a period of "wild west" investing in AI, Blank believes activity will favor AI companies that respect artists' consent and compensation. It recently co-led a $1 million seed round in Conduiit, which centralizes entertainment companies' production finance operations. Endeavor Venture InvestmentsEndeavor Venture Investments is the venture arm of entertainment and sports behemoth Endeavor. SWaN & LegendThe Virginia-based VC firm has a broad consumer portfolio that includes a number of entertainment investments. With Hollywood in contraction, SWaN has largely hit pause on new entertainment investments to get its portfolio companies on a strong footing.

Persons: Michael Blank, Blank, Jon Miller, Miller, Slack, Garnet Heraman, BDMI, Urs Cete, Michael, TMRW, Tiger Woods, Rory McIlroy, Elysian Park Ventures Jay Adya, Grant Lamos, Tom Brady, Gotham Chopra, Michael Strahan, Jay Adya, Morgan, Kushaan Ahuja, Drew Glover, Glover, Alex Harris, they've, Noah Doyle, Payback India, Jed Katz, Rich Greenfield, Rich, Ilya Pozin, Jamie Seltzer, LightShed, Steve Cohen's, it's, Sri Chandrasekar, Tripp Shriner, Ishan Sinha, That's, Wondery, Ian Doody, Raine, Gordon Rubenstein, Joe Ravitch, Jeff Sine, ‐, Fred Schaufeld, SWaN, that's, Oscar, Jose, Schaufeld, Sam Wick, Alex J, Investcorp, Paul Yoo, Edgar Bronfman Jr, Daniel Leff, Waverley, Leff Organizations: Service, Creative Artists, Connect Ventures, Business, Hollywood, Veteran, TPG, Integrated Media Co, Advancit, CAA, Bertelsmann, Waverley, Octopus Ventures, Accel, Facebook, Venture, Aperture Venture, Bertelsmann Digital Media Investments, Fremantle, Connect, CAA Connect Ventures, New Enterprises Associates, TMRW Sports, Disney, Universal, Elysian Park Ventures, Elysian, Sports, Endeavor Venture, Endeavor Venture Investments, behemoth Endeavor, Dapper Labs, Fiat Ventures, Fiat Ventures Fiat Ventures, Fiat, Payback, Rent, LightShed, Rich Greenfield Influential, LightShed Ventures, Pluto, Apple, Octopus Ventures Octopus Ventures, Investments, Corp, Etsy, Re, Point72 Ventures New York Mets, Range Media Partners, Point72 Ventures, Sri, Powerhouse, Athletic, The New York Times Co, Evolution Media, Creative Artists Agency, Astro, Rave Digital Media, Accel Entertainment, Jose Andrés Media, Berliner, UTA Talent, UTA, UTA Ventures, Ventures, VR, Amazon, PFL Locations: blockchain, —, Conduiit, fintech, London, Australia, Papercup, Los Angeles, Virginia, UTA.VC

These deals help banks meet capital requirements more efficiently, allowing them to keep lucrative businesses that would otherwise become unprofitable. Investors in these deals include lightly-regulated entities like hedge funds, shifting risk to the shadow banking sector. Credit risk transfer is another tool for them to pursue after the Fed’s clarification on what is allowed, said Cory Wishengrad, head of fixed income at Guggenheim Securities. That means Merchants sold the riskiest tranche of the loan portfolio, maximizing the capital relief it could get on it. Whether U.S. regulators will allow such insurance deals to qualify for capital relief is still untested, Staudinger said.

Persons: Morgan Stanley, Blackstone, Jill Cetina, Jon, Claude Zucconi, Zucconi, Michael Barr, Barr, Banks, Missy Dolski, Sam Graziano, Graziano, Cory Wishengrad, Jed Miller, Taft, Morgan Stanley's, Morgan, Deborah Staudinger, Hogan Lovells, Staudinger, Shankar Ramakrishnan, Paritosh Bansal, Nick Zieminski Organizations: Blackstone Group, JPMorgan Chase, Merchants Bank of Indiana, US Bancorp, Investors, JPMorgan, Merchants Bank, Federal Reserve, Varde Partners, Financial, Guggenheim Securities, U.S . Bank, Fed, Reuters, Merchants, Thomson Locations: U.S, Wickersham, Europe, Indiana

☆ Morgan Stanley appoints Jed Finn as head of wealth management - memo
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2022. REUTERS/Brendan McDermid//File Photo Acquire Licensing RightsNov 20 (Reuters) - Morgan Stanley (MS.N) has named Jed Finn as the head of its wealth management unit, according to an internal memo seen by Reuters on Monday. Finn, currently the chief operating officer of the division, joined the investment bank in 2011 and has held several leadership roles in the business, the memo said. The appointment, effective Jan. 1, comes weeks after the bank named Ted Pick as its new chief executive officer. The bank also appointed insiders Jacques Chappuis and Ben Huneke as co-heads of investment management, the memo said.

Persons: Morgan Stanley, Brendan McDermid, Jed Finn, Finn, Ted Pick, Andy Saperstein, Dan Simkowitz, Jacques Chappuis, Ben Huneke, Niket, Tatiana Bautzer, Shounak Dasgupta, Sonia Cheema Organizations: New York Stock Exchange, REUTERS, Reuters, Financial Times, Thomson Locations: New York City, U.S, Bengaluru, New York

They used to take advantage of a grain elevator in Mayfield, Kentucky — a massive facility that bought and stored millions of bushels of grain from farmers. “The swings in the weather events that we have ... that’s kind of scary,” he said, especially for those with smaller farms. Human-caused climate change is only anticipated to amplify the number and intensity of those extreme events, from flash droughts to increased rainfall. Although he took some losses, he says that he and other farmers are used to dealing with uncooperative weather. On smaller farms, if farmers are forced to put everything in a low-lying area that floods, an entire crop can be affected, Schmitz said.

Persons: — Justin Ralph, he's, They're, you’ve, Ralph, Keith Lowry, Lowry, What’s, ”, Miranda Rudolph, Hans Schmitz, Jed Clark, Schmitz, Adam Kough, Murray, Kough, Joshua Bickel, ___ Read, Melina Walling Organizations: ” Farmers, University of, Farmers, Associated Press, AP Locations: MAYFIELD, Ky, Mayfield , Kentucky, Southern, Mayfield, Graves County, Kentucky, Indiana, ___

☆ US judge to weigh JPMorgan's $290 million settlement with Epstein accusers
▼ + stars: | 2023-11-09 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

The settlement covered more than 100 women, led by a former ballet dancer known as Jane Doe 1, who said Epstein abused them. It followed embarrassing disclosures that JPMorgan ignored internal warnings and overlooked red flags about Epstein because he had been a valuable client. JPMorgan in September agreed to pay $75 million to settle related claims by the U.S. Virgin Islands, where Epstein owned two islands. Rakoff on Oct. 20 gave final approval to a similar $75 million settlement between Epstein's accusers and Deutsche Bank (DBKGn.DE), where Epstein banked after JPMorgan fired him. Epstein died in a Manhattan jail cell in 2019 at age 66 while awaiting trial on sex trafficking charges.

Persons: Morgan, Stephanie Keith, JPMorgan Chase's, Jeffrey Epstein, Jed Rakoff, Epstein, Rakoff, Jane Doe, Sarah Ransome, Ghislaine Maxwell, Epstein's, Luc Cohen, Daniel Wallis Organizations: REUTERS, JPMorgan, Washington D.C, U.S ., Deutsche Bank, US, Islands, Thomson Locations: New York City, U.S, Manhattan, Washington, U.S . Virgin Islands, Rakoff, New York

☆ JPMorgan's $290 million settlement with Epstein accusers wins approval by U.S. judge
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: +1 min

A U.S. judge on Thursday approved JPMorgan Chase 's $290 million settlement with women who said Jeffrey Epstein abused them, and that the largest U.S. bank turned a blind eye to the late financier's sex trafficking. U.S. District Judge Jed Rakoff granted final approval to the deal at a hearing in Manhattan federal court. He had previously granted preliminary approval to the deal in June, calling it a "really fine settlement." JPMorgan in September agreed to pay $75 million to settle related claims by the U.S. Virgin Islands, where Epstein owned two islands. Rakoff on Oct. 20 gave final approval to a similar $75 million settlement between Epstein's accusers and Deutsche Bank (DBKGn.DE), where Epstein banked after JPMorgan fired him.

Persons: JPMorgan Chase, Jeffrey Epstein, Jed Rakoff, Jane Doe, Epstein, Ghislaine Maxwell, Epstein's Organizations: JPMorgan Chase, JPMorgan, U.S ., Deutsche Bank Locations: New York City, U.S, Manhattan, U.S . Virgin Islands, Rakoff, New York

☆ Judge Approves JPMorgan’s $290 Million Settlement With Epstein Victims
▼ + stars: | 2023-11-09 | by ( Matthew Goldstein | More About Matthew Goldstein | ) www.nytimes.com time to read: +1 min

A federal judge on Thursday approved a settlement of a class-action lawsuit in which JPMorgan Chase will pay $290 million to sexual abuse victims of Jeffrey Epstein who claimed that the bank ignored warnings about the disgraced financier. The money being paid by JPMorgan, the nation’s biggest bank, could provide compensation to nearly 200 victims of Mr. Epstein, according to a legal filing. JPMorgan and lawyers for the victims reached a preliminary settlement in June, averting a potential civil trial in federal court in Manhattan. The judge, Jed Rakoff, gave final approval to the deal after holding an afternoon hearing to assess the fairness of the settlement to the victims. Some, including one who said she was just 13 when Mr. Epstein first sexually assaulted her, wrote about continuing to suffer from depression, anxiety, panic attacks and eating disorders.

Persons: Jeffrey Epstein, Epstein, Jed Rakoff Organizations: JPMorgan Chase, JPMorgan Locations: Manhattan

The AI cloud-computing organization, called Voltage Park, has 24,000 Nvidia H100 chips, Voltage Park CEO Eric Park told Reuters in an interview. The operation plans to offer long- and short-term, low-cost AI computing to help alleviate the shortage of AI chips. Voltage Park plans to set up clusters of the Nvidia AI chips in Texas, Virginia and Washington. After the release of OpenAI's ChatGPT last year, demand for Nvidia's advanced AI silicon soared as businesses scrambled for chips to power their AI ambitions. Intel , Advanced Micro Devices (AMD.O) and a host of startups sell competing AI chips that are also in heavy demand.

Persons: Jed McCaleb, Eric Park, OpenAI's ChatGPT, McCaleb, Max A, Anna Tong, Cynthia Osterman Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, Reuters, Intel, Devices, Navigation Fund, Navigation, Thomson Locations: Santa Clara , CA, Texas , Virginia, Washington, Gox, San Mateo , California, San Francisco

☆ What parents need to know about relational aggression in a post-Covid world
▼ + stars: | 2023-10-30 | by ( Analysis Dr. Katie Hurley | ) edition.cnn.com time to read: +8 min

Relational aggression among teens isn’t anything new, but it can be especially hideous when it plays out alongside cyberbullying. Relational aggression among minors is complexCancel culture trickled down to teens, tweens and even younger children, and the combination of cyberbullying and social isolation in school can be swift. Protective factors are essentialTeens need sources of support and understanding when they’re dealing with relational aggression and cyberbullying, and this is where protective factors become important. • Research the reporting options at your teen’s school in case your teen decides to seek help on campus. What’s difficult about relational aggression is that it’s often subtle and under the radar of adults working in teen spaces.

Persons: Katie Hurley, “, Strong, tweens, It’s Organizations: Jed, CNN, cyberbullying, PACER’s, Prevention, Pew Research Center, National Institute of Mental Health, • Locations: Covid

☆ JPMorgan settlement with Epstein accusers draws objection from US states
▼ + stars: | 2023-10-23 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

They also said Deutsche Bank's (DBKGn.DE) similar $75 million agreement with Epstein's accusers did not contain the offending language. Lawyers for Epstein's accusers did not immediately respond to similar requests. He ordered JPMorgan and Epstein's accusers to address the states' objection by Nov. 6. Epstein died in August 2019 in a Manhattan jail cell while awaiting trial for sex trafficking. The case is Doe 1 v JPMorgan Chase & Co, U.S. District Court, Southern District of New York, No.

Persons: Mike Segar, JPMorgan Chase's, Jeffrey Epstein's, Epstein, Raul Torrez, Jed Rakoff, Jonathan Stempel, Lisa Shumaker Organizations: JPMorgan Chase, Co, REUTERS, JPMorgan, D.C, Deutsche, New, of, U.S, U.S ., JPMorgan Chase & Co, Court, Southern District of, Thomson Locations: New York, U.S, Manhattan, Washington, New Mexico, Arizona , California , Connecticut, Delaware, of Columbia, Hawaii , Illinois, Maryland, Minnesota , Mississippi , New York , Oregon , Pennsylvania, Tennessee , Utah, Vermont, U.S . Virgin Islands, York, Southern District, Southern District of New York

☆ US judge approves Deutsche Bank $75 million settlement with Epstein accusers
▼ + stars: | 2023-10-20 | by ( Luc Cohen | ) www.reuters.com time to read: +2 min

NEW YORK (Reuters) -Deutsche Bank on Friday won final approval from a U.S. judge for a $75 million settlement it reached with victims of Jeffrey Epstein who had accused the German company of facilitating the late financier’s alleged sex trafficking. FILE PHOTO: The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. Epstein had been a Deutsche Bank client from 2013 to 2018, after being a JPMorgan Chase client for 15 years. Deutsche Bank has said it made an error in taking on Epstein as a client. Rakoff granted preliminary approval to New York-based financial services company JPMorgan’s $290 million settlement over similar claims in June.

Persons: Jeffrey Epstein, Tyrone Siu, Jed Rakoff, ” Rakoff, Epstein, Jane Doe, David Boies, Rakoff Organizations: YORK, Deutsche Bank, Friday, Deutsche, REUTERS, U.S, JPMorgan Chase, JPMorgan, U.S . Virgin Locations: U.S, Hong Kong, China, Manhattan, York, New York

☆ About half of children share their location on Twitch, research shows
▼ + stars: | 2023-10-20 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

Twitch is an online streaming service in which users can live stream their gaming, music and other creative content. Young streamers shared their names 47% of the time and locations 50% of the time, the research found. CNN reached out to Twitch spokesperson, who said the company would need to see the underlying research to share a constructive response. What Twitch does to protect kidsThe platform takes steps that aim to protect kids, Dubrosa said. Milanaik said she hopes parents and caregivers start looking into the information children share online and the content they are streaming.

Persons: Fiona Dubrosa, Young, ” Dubrosa, Dubrosa, “, ”, Janis Whitlock, Whitlock, Ruth Milanaik, Cohen, Milanaik, they’re Organizations: CNN, Cohen’s Children Medical, of Pediatrics National Conference & Exhibition, National Center for, Cohen Children’s Medical Locations: New York City, Washington , DC, —

☆ US SEC cannot appeal Ripple Labs decision, judge rules
▼ + stars: | 2023-10-04 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

FILE PHOTO: A representation of cryptocurrency Ripple is seen in this illustration taken August 6, 2021. Torres said Rakoff had been considering Terraform’s motion to dismiss the SEC case, and was required to accept all reasonable inferences in the regulator’s favor. A trial in the Ripple case is scheduled for April 23, 2024. In its December 2020 lawsuit, the SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. The case is SEC v Ripple Labs Inc et al, U.S. District Court, Southern District of New York, No.

Persons: Dado Ruvic, Analisa Torres, Torres, Jed Rakoff, Rakoff, Brad Garlinghouse, Chris Larsen, Ripple Organizations: YORK, U.S . Securities, Exchange Commission, Ripple Labs, REUTERS, District, SEC, U.S, Terra, Binance, Court, Southern District of Locations: Manhattan, U.S, Southern District, Southern District of New York

☆ Hey, CEOs: Stop dating your employees and trying to cover it up
▼ + stars: | 2023-09-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Workplace relationships can be problematic, creating power imbalances that can blur lines of consent and the appearance of fairness. AdvertisementAdvertisementIf you're a CEO looking to keep your job, we've got some advice for you: Stop dating your employees. The men join a long list of execs whose workplace relationships have upended their careers. But only about one in five workers reported disclosing their workplace relationship to their employer. Some companies have even relaxed their policies over the last decade surrounding workplace relationships, Taylor said.

Persons: Edward Tilly, —, we've, He's, Johnny C, Taylor Jr, Bernard Looney, Jeff Zucker, Zucker, McDonald's, Steve Easterbrook, Easterbrook, Brian Krzanich, Lincoln Center's, Jed Bernstein, Taylor Organizations: Service, HR Management, BP, CNN, SEC, Society, Companies

☆ Megan Thee Stallion urges people to check on their friends
▼ + stars: | 2023-09-27 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +3 min

Editor’s note: If you or someone you know is struggling with mental health, help is available. CNN —Megan Thee Stallion wants you to ask your friends how they are doing — for real. The rapper is part of a new public service announcement with Seize the Awkward, a national campaign encouraging young people to talk to their friends about mental health. “I’ve always been told I’ve gotta be strong,” Megan Thee Stallion, whose offstage name is Megan Pete, said in a video for the campaign. “The truth is that people have wildly different experiences depending on their identities, and types of sociopolitical oppression they go through.”That Megan Thee Stallion is speaking about mental health publicly “is forcing the conversation to go mainstream,” he added.

Persons: Megan Thee, “ I’ve, I’ve, Megan Pete, ”, Dr, Broderick Sawyer, Sawyer, ” Sawyer, Robert Gebbia, “, John MacPhee, they’re, ” Pete Organizations: CNN, American Foundation for Suicide Prevention, Jed, US Centers for Disease Control Locations: Louisville , Kentucky

JPMorgan did not admit any wrongdoing in the settlement, which will give $55 million to Virgin Islands charities and the American territory's anti-trafficking efforts. The remaining $20 million will cover attorneys' fees incurred by the Virgin Islands as part of the litigation in federal court in New York. The Virgin Islands said the deal "includes several substantial commitments by JPMorgan Chase to identify, report, and cut off support for potential human trafficking, including establishing and implementing comprehensive policies and procedures." Virgin Islands Attorney General Ariel Smith said the agreement settles what was the first enforcement action against a bank for facilitating and profiting from human trafficking. The Virgin Islands previously obtained a $105 million settlement from Epstein's estate, and another $62.5 million from billionaire investor Leon Black to resolve potential claims related to Epstein.

Persons: JPMorgan Chase, Jeffrey Epstein, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Jes Staley, Epstein, Staley, Ariel Smith, Smith, Boies Schiller Flexner, Stephanie Keith, Leon Black, Jamie Dimon, Jed Rakoff, Virgin Organizations: JPMorgan, U.S . Virgin, Virgin Islands, Virgin, Barclays Plc, Bloomberg, Getty Images Bloomberg, Getty, Treasury Department Locations: New York, New York City, U.S, Manhattan, Virgin, Epstein's, Florida

☆ Thousands told to shelter in place at Burning Man fest in Nevada with access closed due to flooding
▼ + stars: | 2023-09-03 | by ( ) www.cnbc.com time to read: +2 min

RENO, Nev. (AP) — Thousands of Burning Man attendees trudged in sloppy mud on Saturday — many barefoot or wearing plastic bags on their feet — as flooding from storms swept through the Nevada desert, forcing organizers to close vehicular access to the counterculture festival. Revelers were urged to shelter in place and conserve food, water and other supplies. More than one-half inch of rain is believed to have fallen on Friday at the festival site, located about 110 miles (177 kilometers) north of Reno, the National Weather Service in Reno said. At least another quarter of an inch of rain is expected Sunday. "If it really turns into a disaster, well, no one is going to have sympathy for us," Jed said.

Persons: Revelers, wasn't, celebrants, weren't, Mike Jed, Jed Organizations: U.S . Bureau of Land Management, National Weather Service, The Reno Gazette, Associated Press, Land Management, Sheriff's Office Locations: RENO, Nev, Reno, Pershing

☆ USVI says JPMorgan notified Treasury of more than $1 billion in suspicious Jeffrey Epstein transactions after he died: Report
▼ + stars: | 2023-09-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

"JPMorgan was a full-service bank for Jeffrey Epstein's sex trafficking," Liu said at the hearing, Bloomberg reported. Epstein, 66, killed himself in a New York jail in August 2019, a month after he was arrested on federal child sex trafficking charges. In addition to a residence in Manhattan, Epstein owned a private island in the Virgin Islands, where he was accused of sexually abusing women. A lawyer for JPMorgan, which denies wrongdoing in the case, pushed back against the Virgin Islands claims that it should be found liable for abetting Epstein's abuse of women. The Virgin Islands is seeking at least $190 million in damages in the case, which will go to trial on Oct. 23 if Rakoff does not grant summary judgment to either side.

Persons: Jeffrey Epstein, Rick Friedman, JPMorgan Chase, Epstein, Mimi Liu, Jed Rakoff, Liu, Jeffrey Epstein's, Epstein's Organizations: Corbis, Getty, JPMorgan, Treasury Department, U.S . Virgin Islands, Daily, Virgin, Bloomberg, Virgin Islands Locations: Cambridge, Virgin, U.S, Manhattan, Florida, New York

☆ JPMorgan processed more than $1 bln for Epstein, US Virgin Islands says
▼ + stars: | 2023-09-01 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

REUTERS/Caitlin Ochs//File Photo Acquire Licensing RightsNEW YORK, Aug 31 (Reuters) - A lawyer for the U.S. Virgin Islands said on Thursday that JPMorgan Chase (JPM.N) told U.S. authorities it processed more than $1 billion for Jeffrey Epstein over 16 years. The U.S. Virgin Islands, where Epstein owned two private islands, is suing JPMorgan for at least $190 million and likely much more, saying it ignored red flags that Epstein was running a sex trafficking operation because he was a lucrative client. JPMorgan has denied knowing that Epstein was running a sex trafficking operation, and has faulted the territory for having a cozy relationship with him. "JPMorgan was a full service bank for Jeffrey Epstein's sex trafficking," Liu said. Ellsworth also disputed the U.S. Virgin Islands' claim that JPMorgan obstructed investigations into Epstein, saying the bank had asked federal authorities about their own probes into his conduct.

Persons: Caitlin Ochs, U.S . Virgin Islands, JPMorgan Chase, Jeffrey Epstein, Mimi Liu, Epstein, Liu, Jed Rakoff, Jeffrey Epstein's, Felicia Ellsworth, Ellsworth, Rakoff, Rakoff preliminarily, Luc Cohen, Noeleen Walder, Grant McCool Organizations: JPMorgan Chase Bank, REUTERS, U.S . Virgin, JPMorgan, U.S, U.S . Treasury Department, Reuters, Treasury, U.S ., Department, Deutsche Bank, Thomson Locations: New York City, U.S, U.S . Virgin Islands, Manhattan, New York

A customer browses Apple watches at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. REUTERS/Lucy Nicholson/file photo Acquire Licensing RightsCompanies Apple Inc FollowNEW YORK, Aug 21 (Reuters) - Apple (AAPL.O) on Monday won the dismissal of a lawsuit claiming that the blood oxygen sensor on its Apple Watch exhibits "racial bias" against people with darker skin tones. U.S. District Judge Jed Rakoff in Manhattan dismissed the proposed class action with prejudice, meaning it cannot be brought again. Doctors have long known that pulse oximeters, which help assess potential heart and respiratory problems, are less accurate in estimating blood oxygen of non-white patients. The case is Morales v Apple Inc, U.S. District Court, Southern District of New York, No.

Persons: Apple, Lucy Nicholson, Jed Rakoff, Alex Morales, Morales, Jonathan Stempel, Andy Sullivan Organizations: Apple, REUTERS, Monday, Apple Watch, Apple Inc, Court, Southern District of, Thomson Locations: Los Angeles , California, U.S, Manhattan, Manhattan's, Southern District, Southern District of New York, New York

Jamie Dimon, chairman of the board and chief executive of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience - Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File PhotoNEW YORK, Aug 9 (Reuters) - A federal judge has dismissed a shareholder lawsuit accusing JPMorgan Chase (JPM.N) Chief Executive Jamie Dimon and his board of directors of ignoring red flags surrounding disgraced former client Jeffrey Epstein. The so-called derivative lawsuit sought to have the defendants or their insurers pay damages to JPMorgan, for the benefit of shareholders. Rakoff is also overseeing two Epstein-related lawsuits against JPMorgan by the U.S. Virgin Islands, where the financier owned two neighboring islands, and by Epstein victims. Staley was also Barclays' (BARC.L) chief executive from 2015 to 2021.

Persons: Jamie Dimon, JP, Marco Bello, JPMorgan Chase, Jeffrey Epstein, Jed Rakoff, Rakoff, Epstein, Dimon, Jes Staley, Staley, Jonathan Stempel, Leslie Adler Organizations: JPMorgan Chase &, Chase, Business The, Miami, JP Morgan Chase Bank, REUTERS, JPMorgan, Rakoff, U.S ., Barclays, Miami General Employees & Sanitation Employees, Court, Southern District of, Thomson Locations: Miami , Florida, U.S, Miami, Pittsburgh, Manhattan, U.S . Virgin Islands, U.S . Virgin, Southern District, Southern District of New York, New York

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