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A police officer in a Seattle suburb was found guilty on Thursday in the 2019 shooting death of a man outside a convenience store, the first such conviction under a Washington State law making it easier to hold the police accountable for the unjustified use of deadly force. A jury found the officer, Jeffrey Nelson, guilty of second-degree murder and first-degree assault for the killing of Jesse Sarey, 26, during an arrest on a disorderly-conduct charge outside Sunshine Grocery in Auburn, Wash., on May 31, 2019. Mr. Sarey’s mother, Kari Sarey Hart, and his younger brother, Torell Sarey, died as the case wound its way through the legal system, said Elaine Simons, 64, who was a foster mother to the brothers. Mr. Sarey’s mother and family fled Cambodia during the Khmer Rouge regime. “Neither of them got to be here today, except spiritually, for this kind of justice,” she said of Mr. Sarey’s mother and brother.
Persons: Jeffrey Nelson, Jesse Sarey, Sarey’s, Kari Sarey Hart, Torell Sarey, Elaine Simons, , Organizations: Washington State, Sunshine Locations: Seattle, Auburn, Wash, Cambodia, Khmer
Milan CNN —There are few things more synonymous with Italy in spring and summer than its beaches. Pines, agaves, the scents of salt and resin were inspiration for designer Massimo Giorgetti at MSGM as the label celebrated their 15th anniversary. “This collection speaks of encounters — ‘icontri’ — between the city and the beach and among people who love life,” said Napoli-born De Sarno. Actor Paul Mescal — a known fan of the short short — was sat front row at the Gucci Men's Spring-Summer 2025 show. A theme of reflective team spirit prevailed in sporty collegiate silhouettes featuring the Fendi crest comprising a squirrel, the Fendi stripe, and a Roman God.
Persons: Milan, Massimo Giorgetti, Justin Shin, Rimini —, Gabbana, Stefano Dolce, Domenico Gabbana, Vittorio Zunino Celotto, , Sabato de Sarno, , Napoli, De Sarno, William Finnegan’s, Paul Mescal —, Victor Boyko, Pixelformula, Sabato De Sarno's, Gucci, Ik, Prada, creased, tromp, Miuccia Prada, , Raf Simons, chimed Simons, tromp l’oeil, Ik Aldama, JW Anderson, Jonathan Anderson, Adrian Appiolaza, Lev Tanju, Karl Lagerfeld, Shutterstock, Daniele Venturelli, Silvia Fendi Organizations: Milan CNN, Dolce, Gucci, JW, Astra Marina Locations: Italy, Amalfi Coast, Milan, MSGM, agaves, Rimini, Ligurian Coast, Northern Ireland, Moschino, Northern Irish, Fendi, Italian
US economy added a whopping 272,000 jobs in May
  + stars: | 2024-06-07 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +7 min
At a time when Americans and the Federal Reserve are clamoring for clear-cut data about the state and trajectory of the economy, Friday’s jobs report was much more opaque than everyone had hoped. Employment fell in the household survey, while unemployment increased to just shy of 6.5 million and pushing the unemployment rate to the threshold of 4%. Service-providing industries accounted for the bulk of the month’s job gains, with health care and social assistance continuing to lead the way, with 83,500 jobs added. “Don’t get overly spooked by the rise in the unemployment rate,” Bunker wrote. “The labor market is still gliding toward a soft landing.”
Persons: ” Dean Baker, , I’ve, Diane Swonk, , Wall, Chris Rupkey, FwdBonds, CEPR’s Baker, ” Baker, ” Thomas Simons, Jeffries, Nick Bunker, Bunker, “ Don’t, ” Bunker Organizations: CNN, Federal Reserve, Center for Economic, Policy Research, of Labor Statistics, KPMG, That’s, Index, Traders, BLS, Service, North America
The world’s highest court dealing with the oceans said on Tuesday that excessive greenhouse gases were pollutants that can cause irreversible harm to the marine environment. The groundbreaking advisory opinion was unanimous, and experts say it could lead to more wide-ranging claims for damages against polluting nations. The opinion by the court, the International Tribunal for the Law of the Sea, is not binding, but it said that, legally, nations must take all necessary measures to reduce, control and prevent marine pollution caused by human-made greenhouse gas emissions. The stance taken by the tribunal, which sometimes called the Oceans Court, is likely to affect how other international and national courts address the growing dangers posed by greenhouse gases that cause the heating and acidification of the oceans. Acidification, which is also harmful to sea life and can alter marine food webs, happens as ocean waters absorb carbon dioxide, the main greenhouse gas warming the world.
Organizations: Tribunal
In today's big story, inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy . This story is available exclusively to Business Insider subscribers. The big storyThe economy and the electionAnna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BISometimes, the biggest surprise is when there isn't one at all. AdvertisementOn Wednesday, Biden and Trump agreed to face off in two debates, the first coming in June . Now he has 18 direct reports, according to an internal org chart seen by Business Insider.
Persons: , Anna Moneymaker, Tyler Le, haven't, Insider's Madison Hoff, they're, Jennifer Sor, Ed Yardeni, Jerome Powell hasn't, Powell, Donald Trump, Joe Biden, Trump, Biden, Trump's, Alyssa Powell, Keith Gill's, Jim Simons, Shaw, Goldman Sachs, David Kostin, Sameer Samat, Sundar Pichai, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Biden, White, Democratic, Renaissance Technologies, Sigma, Bloomberg, Android, Google, Microsoft, Apple, Walmart Locations: New York, London
Funds like Renaissance Technologies, Two Sigma, and D.E. RenTech founder Jim Simons died last week; the billionaire stepped down as chairman in 2021. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe last full month of returns Renaissance Technologies delivered during its founder's life were strong. The quant giant's two largest funds for outside investors, Renaissance Institutional Equities Fund and Renaissance Institutional Diversified Alpha, did well in April, before the firm lost its founder, 86-year-old billionaire Jim Simons, on Friday.
Persons: Shaw, Jim Simons, , Simons — Organizations: Renaissance Technologies, Sigma, Service, Renaissance Institutional, Fund, Alpha, Business
A top hedge fund built a GameStop stake from scratch last quarter ahead of the meme stock's surge. Renaissance Technologies' 1 million shares were briefly worth $65 million at Tuesday's high. AdvertisementA world-beating hedge fund revealed it built a GameStop stake from scratch last quarter, making it a potential winner from the meme stock's explosive leap this week. Renaissance Technologies owned 1 million shares of the video-game retailer at the end of March, a position worth $13 million at the time, its first-quarter portfolio update shows. GameStop stock was up more than 400% at its Tuesday high, briefly valuing RenTech's stake at $65 million if still intact.
Persons: Jim Simons, Organizations: GameStop, Technologies, AMC, Nvidia, Service, Renaissance Technologies, Business
In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.
Persons: , Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago
How I think about Jim Simons' legacy, and a trade on one of the most successful retailers, Costco, follows. First, a contrarian view in Costco: Costco (COST) is one of the best performing retailers over the past year. Last week, Costco released their four-week retail sales results for the period between Monday, April 8th and Sunday, May 5th. There is only one thing I don't like about Costco, the price. The weak form suggests past market prices, which are generally observable, are fully reflected in stock prices.
Persons: Jim Simons, that's, Jim, James Surowiecki, Francis Galton, Eugene Fama Organizations: Costco, Fund Locations: Costco, U.S, New York, Surowiecki
Jim Simons, the prizewinning mathematician who abandoned a stellar academic career, then plunged into finance — a world he knew nothing about — and became one of the most successful Wall Street investors ever, died on Friday in his home in Manhattan. His death was confirmed by his spokesman, Jonathan Gasthalter, who did not specify a cause. After publishing breakthrough studies in pattern recognition, string theory and a framework that combined geometry and topology with quantum field theory, Mr. Simons decided to apply his genius to a more prosaic subject — making as much money as he could in as short a time as possible. Spurning financial analysts and business school graduates, he hired like-minded mathematicians and scientists. Mr. Simons equipped his colleagues with advanced computers to process torrents of data filtered through mathematical models, and turned the four investment funds in his new firm, Renaissance Technologies, into virtual money printing machines.
Persons: Jim Simons, Jonathan Gasthalter, Simons Organizations: Street, Renaissance Technologies Locations: Manhattan
Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website. Pioneering mathematical models and algorithms to make investment decisions, Simons left behind an otherworldly track record at Renaissance Technologies, that bested legends such as Warren Buffett and George Soros. Its flagship Medallion Fund enjoyed annual returns of 66% during a period starting in 2018, according to Gregory Zuckerman's book "The Man Who Solved the Market." Simons received a bachelor's degree in mathematics from MIT in 1958, and he earned his PhD in mathematics from University of California, Berkeley at the age of only 23. He was active in the work of the Simons Foundation until the end of his life.
Persons: Jim Simons, Simons, Warren Buffett, George Soros, Gregory Zuckerman's Organizations: Renaissance Technologies, flagship Medallion Fund, U.S, Intelligence, Soviet Union, MIT, University of California, Stony Brook University, Simons Foundation Locations: New York City, Vietnam, Soviet, Berkeley, Stony, New York
CNN —Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. According to his foundation, Simons was fired from the institute in 1968 due to his opposition to the Vietnam War. Simons then joined the faculty at Stony Brook University as the head of the school’s mathematics department. Last year, Simons’ foundation donated $500 million to Stony Brook’s endowment, the largest unrestricted gift to an American university in history, according to the Simons Foundation. “I joined Stony Brook University in 1968 as chair of their Department of Mathematics,” Simons said at the time.
Persons: Jim Simons, Simons, ” Simons, , Organizations: CNN, Simons, Technologies, Massachusetts Institute of Technology, University of California, MIT, Harvard University, Institute for Defense, National Security Agency, Stony Brook University, Renaissance Technologies, Simons Foundation, of Mathematics Locations: New York City, Newton , Massachusetts, Berkeley, Princeton , New Jersey, Vietnam, American
Jim Simons, the legendary hedge fund manager who founded the prolific Renaissance Technologies, died on Friday, according to the foundation he started. AdvertisementThe MIT math professor and former NSA codebreaker was 86 years old. "Jim was an exceptional leader who did transformative work in mathematics and developed a world-leading investment company," Simons Foundation president David Spergel said in a statement. This is a developing story. Please check back for updates.
Persons: Jim Simons, NSA codebreaker, Jim, David Spergel Organizations: Renaissance Technologies, NSA
Members of Germany’s delegation during hearings at the International Court of Justice in The Hague in early April. The judges are set to issue an interim decision in a case brought by Nicaragua against Germany. Germany is a staunch ally of Israel and second only to the United States in providing it with arms. Unlike Germany, which has given the court full jurisdiction, the United States has shielded itself and has to consent to a case. It has protected itself even further from the Genocide Convention, signing the convention but exempting itself from any obligations, such as intervening to stop a genocide or paying reparations if it were found to be complicit.
Persons: Israel, ” Israel Organizations: Germany’s, International Court of Justice, Court, Justice, United Nations ’, Hamas Locations: The Hague, Israel, Gaza, Nicaragua, Germany, Europe, United States, , South Africa, Geneva
Germany on Tuesday defended itself against accusations that its arms sales to Israel were abetting genocide in Gaza, arguing at the International Court of Justice that most of the equipment it has supplied since Oct. 7 was nonlethal and that it has also been one of the largest donors of humanitarian aid to the Palestinians. Debate over Israel’s war with Hamas in the Gaza Strip has been muted in Germany, whose leadership calls support for Israel a “Staatsräson,” a national reason for existence, and where people have historically been reluctant to question that support publicly. But the mounting death toll and humanitarian crisis in Gaza have led some German officials to ask whether that unwavering backing has gone too far. Lawyers for Germany said Tuesday that the allegations brought by Nicaragua had “no basis in fact or law” and rested on an assessment of military conduct by Israel, which is not a party to the case. Tania von Uslar-Gleichen, an official at Germany’s Foreign Ministry and lead counsel in the case, told the 15-judge bench that Nicaragua had “rushed this case to court on the basis of the flimsiest evidence.”
Persons: , Tania von Uslar, Organizations: International Court of Justice, Hamas, Israel, Lawyers, Germany’s Foreign Ministry Locations: Germany, Israel, Gaza, The Hague, Nicaragua,
Germany on Tuesday began defending itself at the International Court of Justice against allegations that it is furthering genocide in Gaza by supplying arms to Israel. Nicaragua brought the case against Germany to the court in The Hague. Berlin has denied violating the Genocide Convention or international humanitarian law, and sent a delegation of international lawyers, including some from Britain and Italy, to the U.N. court. Germany is Israel’s second-largest arms supplier after the United States and a nation whose leadership calls support for the country a “Staatsräson,” a national reason for existence, as a way of atoning for the Holocaust. But the mounting death toll in Gaza and humanitarian crisis in the enclave have led some German officials to ask whether that backing has gone too far.
Organizations: Tuesday, International Court of, Convention Locations: Germany, Gaza, Israel, Nicaragua, The Hague, Berlin, Britain, Italy, United States, , atoning
New York CNN —Almost every month, economists expect the hot US labor market to start showing signs of exhaustion. The booming labor market has to run out of gas eventually, right? Enjoy it while it lastsHistorically speaking, there’s only so long a really good labor market can last until, for instance, a recession or tighter financial conditions disrupt it. Taken together, that could mean the life expectancy of the current labor market isn’t very long. One big reason why the labor market continues to defy expectations is the result of a surge in immigration over the past year.
Persons: February’s, Jefferies, Thomas Simons “, ” “, Simons, Will Baltrus, That’s, ” Dante DeAntonio Organizations: New, New York CNN, Conference, Labor, Bureau of Labor Statistics, Brookings, Moody’s Locations: New York
Fourteen months after the murders, the garage of the abandoned marijuana farm on prairie tableland northwest of Oklahoma City sits frozen and dark. Broadway Avenue in Kingfisher, Oklahoma, about 30 miles south of where Wu Chen, 47, executed four people at a marijuana farm. When Oklahoma legalized medical marijuana, the only real requirement was that Oklahoma residents had to be involved in marijuana growing and selling. But Oklahoma required 75% of any marijuana business to be owned by an Oklahoma resident. Deputies from the Kingfisher County Sheriff's Office were the first to arrive at the scene of a quadruple homicide at an abandoned marijuana farm.
Persons: Wu Chen, Mike Simons, Kevin Stitt, Sean Hannity's, Dan Newhouse, Liu, Chen, Yi Fei Lin, Mark Woodward, , OBN, Adria Berry, BI Adria Berry, I'm, Barb Miuccio, Jeremy Grable, Jeremy, Barb, she's, Barbara Miuccio, Treez, Matt Stacy, Stacy, Stitt, Jeremy they'd, he'd, OMMA, didn't, Barb didn't, Barbara, Stacy —, she'd, Stacy hadn't, BI Jonathan Riedlinger, Riedlinger, Lin, Qirong Lin, Hechun Chen, Qiang Chen, Fang Lee —, Wenbo Lin, Wu Chen —, Wenbo Lin didn't, Reidlinger, Jed Green, Matthew Alan Stacy, Barb —, — he's, He'd, Woodward, Helen Carillo, He's, Kevin Pham, Pham, BI Pham, ProPublica, recriminations, Green, It's, they're, I'd, Ken Thompson, Thompson, Chen didn't, He'll, Jonathan Riedlinger, Kiki, I've Organizations: Oklahoma City, Broadway, BI, Marijuana, Oklahoma, Oklahoma Medical Marijuana Authority, Republican, Sean Hannity's Fox, Fox News, Chen Inc, Narcotics, BI Adria, Oklahoma's Army National Guard, OBN, Business, Oklahoma State Bureau of, Sheriff's, Prosecutors, CSI Accounting Services, Whitney Economics, NBC, Cannabis, Virginia Slim, Florida . Police Locations: Oklahoma, Kingfisher County , Oklahoma, Ames , Oklahoma, Kingfisher , Oklahoma, Pennsylvania, California, Arkansas, Republican Washington, China, Kingfisher County, Dallas, Moore , Oklahoma, Oklahoma City, Afghanistan, Iraq, Ukraine, He's, Moore, Kingfisher, Hennessey , Oklahoma, OMMA, Mexico, Edmond, Tulsa, Russia, Bulgaria, Armenia, Steakhouse, Virginia, Florida, Miami Beach, Miami
In an interim ruling on Jan. 26, the court ordered Israel to ensure that more aid would be allowed into Gaza. Since then, the “catastrophic living conditions of the Palestinians in the Gaza Strip have deteriorated further,” necessitating further measures, the court said on Thursday. The ruling touches on some issues that leading aid organizations have called Israeli impediments contributing to the risk of famine in Gaza. Palestinians, U.N. officials and aid workers have voiced concerns about diseases spreading, hospitals collapsing and children beginning to starve to death. But, she wrote, the court “can at least mitigate” the risk to Palestinians by directing the parties before it: South Africa and Israel.
Persons: Israel, , Aharon Barak, Abdulqawi Yusuf, , Nawaf Salam, ” Hilary Charlesworth, Johnatan Reiss, Victoria Kim Organizations: International Court of Justice, United Nations, South, United Nations ’, Locations: The Hague, Gaza, Israel, South Africa, Africa, Somalia
The International Criminal Court on Tuesday issued arrest warrants for two top Russian military officers, accusing them of war crimes in Ukraine for targeting civilians and destroying crucial energy infrastructure. The two officers — Lt. Gen. Sergei Ivanovich Kobylash and Adm. Viktor Nikolayevich Sokolov — are accused in a court statement of being personally responsible for numerous missile strikes by their forces on electrical power plants and substations in multiple locations between October 2022 and March 2023. The wintertime strikes were defined as war crimes because they were largely directed against civilian targets, causing “excessive incidental harm to civilians or damage to civilian objects,” the court said.
Persons: Sergei Ivanovich Kobylash, Viktor Nikolayevich Sokolov — Organizations: Russian Locations: Ukraine
Read previewI can almost guarantee that you own a white tank top. First debuting in 2022, Prada's signature white top is a lot like every other tank on the market. All Prada tank tops are also made entirely of cotton, according to the brand's website. Prada's tank top: the ultimate status symbolYou can't get more casual than a white tank top, so the style might not scream luxury when you first look at it. But even with a Prada logo stamped on the front, isn't a white tank top still just that?
Persons: , Prada, that's, Miuccia Prada, Raf Simons, Victor Virgile, Kaia Gerber, Hunter Schafer, Tiziana Fabi, It's, There's, Prada Milano, Raimonda Kulikauskiene, Loewe, Miu Miu, what's, it's, Charli D'Amelio, Kendall Jenner, Ncuti, influencers, @dadouchic, it's Prada Organizations: Service, Target, Business, Prada, Vogue, Milan, prada, Harper's, MTV, Variety Locations: Italian, Milan
Milan CNN —Gimmicks were gone at the latest Milan runways — which concluded yesterday — with designers instead striking a more serious note that encouraged investment buying. Julianne Moore, A$AP Rocky and Salma Hayek front row at the Bottega Veneta fashion show during the Milan Fashion Week. Jacopo Raule/Getty Images1980s reduxRelegated as the style decade that people preferred to forget, the 1980s is slowly but surely starting to pop up on the radar. Jacopo Raule/Getty ImagesEven at MaxMara, famed for its trademark camel, creative director Ian Griffiths went in a deliberately different direction to focus on silhouette over shade. Jacopo Raule/Getty ImagesDark colors also dominated at Giorgio Armani this season.
Persons: Milan, Miuccia Prada, Raf Simons, Donatella Versace, , Julianne Moore, Rocky, Salma Hayek, Daniele Venturelli, Giorgio Armani, Bottega Veneta’s Matthieu Blazy, ” Franken, Franken, Jonas Gustavsson, Matthieu Blazy, Victor Virgile, Blazy “, Massimo Giorgetti —, Truman Capote’s “, , knitwear, Jacopo Raule, Jil Sander, stilettos, Matteo Tamburini, Kim Jones, Karl Lagerfeld, Leigh Bowery, Judy, Julia, Versace, Anne Hathaway, Gina di Bernardo —, Aldo Fallai’s, Prince, Ferragamo, Tom Ford, Giovanni Giannoni, Ian Griffiths, “ We’re, we’re, Marco M, Gigi Hadid, Solange Knowles, Jacopo M, Matthieu, Aitor Rosas Sune, WWD, Hari Nef, Riccardo Giordano, Sipa Cate Blanchett, Gabriel Bouys Organizations: Milan CNN, Prada, Bottega Veneta, Blazy, Truman Capote’s “ La, Truman Capote’s “ La Cote Basque, Getty, Dolce, Diesel, Milan Locations: Milan, , Bottega, MSGM, Truman Capote’s “ La Cote, London, “ London, MaxMara, Avavav, AFP
The United Nations’ top court on Monday was hearing a final day of arguments on the legality of Israel’s decades-long occupation of Palestinian territories, hearings that have added pressure to Israel at a time when attention focuses on the war in Gaza. The hearings, which began last Monday, are the first time that the court, the International Court of Justice, has been asked to give an advisory opinion on the issue, which has been the subject of years of debates and resolutions at the United Nations. The court is likely to take months before issuing an opinion. The representatives, including a team of prominent lawyers, said that Israel has abused Palestinian rights with impunity. The Palestinian Authority’s foreign minister, Riyad al-Maliki, said that Israel had subjected Palestinians to decades of discrimination, leaving them with the choice of “displacement, subjugation or death.”
Persons: Israel, Riyad al, Organizations: United Nations ’, International Court of Justice, United Nations, West Bank Locations: Israel, Gaza, The Hague, East Jerusalem, Palestinian
Prada Schools the TikTok Crowd
  + stars: | 2024-02-23 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
Miuccia Prada, currently American Vogue’s pioneering septuagenarian cover girl, was standing backstage after the Prada show, bedecked in emeralds and jade and looking slightly terrified as Emma Watson and hordes of well-wishers and journalists swarmed around her like locusts. Such is life when you transcend the role of designer and become more like a divining rod that indicates which way the cultural water is flowing. Toward “history,” she said as her co-creative director, Raf Simons, sipped Prosecco beside her. Or to be specific, toward the way history teaches us about where we are going. Besides, fashion can bring the point to life as well as any lecture.
Persons: Miuccia Prada, Prada, Emma Watson, , Raf Simons, sipped, Simons, ” It’s, “ Oppenheimer Locations: Milan, Russia, Ukraine
The International Court of Justice began hearing arguments on Monday on the legality of Israel’s occupation of Palestinian territories. It is the first time the world’s highest court has been asked to give an advisory opinion on the issue, which has been the subject of years of debates and resolutions at the United Nations. The hearings are expected to focus on decades of Israeli actions in the Palestinian territories, including the West Bank and East Jerusalem. What is the International Court of Justice? All countries belonging to the United Nations are automatically members of the court and are expected to accept its jurisdiction.
Organizations: Court of, United Nations, West Bank, International Court of Justice Locations: Palestinian, East Jerusalem, Gaza, Israel, The Hague
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