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The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a "fraudulent" share deal. The FTX estate alleges that the share repurchase was funded by FTX's Alameda Research division through a combination of the company's and Binance's exchange tokens, as well as Binance's dollar-pegged stablecoin. Binance denies the allegations, saying in an emailed statement: "The claims are meritless, and we will vigorously defend ourselves." That same month, Binance's Zhao pleaded guilty to charges of violating the Bank Secrecy Act for failing to put in motion an effective anti-money laundering program and for breaching U.S. economic sanctions. In another post cited, he said: "As part of Binance's exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT).
Persons: FTX, Changpeng Zhao, Zhao, Sam Bankman, Binance, Fried, Binance's Zhao, LUNA Organizations: Binance, Shires, FTX's Alameda Research Locations: Delaware, FTX, Alameda
CNN —The White House is racing to dole out remaining funds appropriated from key legislation President Joe Biden signed before President-elect Donald Trump takes office in 10 weeks. The implementation efforts reflect one slice of how the Biden administration is working to shore up key initiatives as the second Trump presidency approaches. Speaking to reporters on Monday, the first official day at COP29, Podesta said the Biden administration is “fully committed” to obligating outstanding funding under Biden’s climate law, the Inflation Reduction Act. About $103 billion in Inflation Reduction Act funding, which makes up 92% of the law’s total, has been announced as of late October. While Trump has criticized the CHIPS legislation as “so bad,” it has enjoyed bipartisan support because the plans could create jobs and infuse money into local communities.
Persons: Joe Biden, Donald Trump, Biden, Trump, ramping, White, Natalie Quillian, , , ” Quillian, John Podesta, Podesta, it’s, ” “, Andrew Harnik, Mike Johnson, he’d, Betsy Klein, Ella Nilsen Organizations: CNN, Commerce Department, Law, White House, White, UN, Act, House Republicans, American, Congress, Trump, Semiconductor, The Commerce Department, Polar Semiconductor, Intel, Micron Technology, Samsung, Taiwan Semiconductor Manufacturing Company, Commerce, Louisiana Republican Locations: Ukraine, America, Baku, Azerbaijan, COP29, , Washington , DC, New York, Corning, Pennsylvania, Minnesota, Louisiana
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome Depot: Here's why Loop Capital is bullish on the home improvement retailer's stockLaura Champine, director of research and senior consumer analyst at Loop Capital Markets, joins CNBC's 'The Exchange' to discuss the outlook on home improvement stocks going into next year, why Home Depot is positioned well to handle headwinds with China, and more.
Persons: Laura Champine Organizations: Loop Locations: China
ET, bitcoin was trading 3.6% higher at $82,216, according to Coin Metrics. Stock Chart Icon Stock chart icon Bitcoin touches $80,000 on Sunday for the first time ever. "His pledge to go all in on crypto has sent Bitcoin to fresh heady heights," she said in a research note Monday. "He's made an about turn on supporting the industry and is now vowing to turn the U.S. into the crypto capital of the world. On the campaign trail, Trump made a slew of promises to the crypto industry, including making the U.S. the "crypto capital of the planet" and insisting that all bitcoin should be mined in the country.
Persons: Chukrut, cryptocurrencies, Donald Trump's, XRP, Memecoins, Shiba, Susannah Streeter, Hargreaves Lansdown, He's, clement, Trump, Gary Gensler — Organizations: Getty, Metrics, U.S, U.S . Securities, Exchange Locations: U.S
Chinese authorities last month announced high-level plans for subsidies and tax breaks to households with children under the age of 3. China's efforts to bolster birth rates have yet to address the core reasons for their rapid decline, according to analysts. Births in China have been on a drastic downward trend since the government implemented its "one-child policy" nationwide in 1980. An increasingly pressing factor for families in China is uncertainty about income for raising a child. After decades of rapid expansion, China's economy has slowed down, dragged down by a real estate slump.
Persons: Lauren Johnston, Harry Murphy Cruise, Austin Schumacher, Schumacher, Sheana Yue, Yue Organizations: Dongfang, China Studies Center, University of Sydney, United Nations, Moody's, Institute for Health Metrics, University of Washington, Oxford Locations: Lianyungang, China, U.S
Chatter that President-elect Donald Trump could appoint former U.S. Trade Representative Robert Lighthizer to oversee trade policy is moving markets, from the dollar on currency exchanges to stocks that would be sensitive to tariffs. During Trump's first term as the president, Lighthizer was central to his protectionist policy and was U.S. trade representative role when Trump launched the trade war with China. "Any clues on Trump's appointments may be market moving," Jim Reid, research strategist at Deutsche Bank, said in a note. Trump's policy proposals to cut taxes and slap tariffs on imports are believed to undermine the currencies of some of America's biggest trading partners. Bank of America tracks a basket of consumer stocks with high exposure to China tariffs, and these companies plunged on Friday.
Persons: Donald Trump, Robert Lighthizer, Lighthizer, Trump, Jim Reid, Kamala Harris, hasn't Organizations: . Trade, Financial Times, Deutsche Bank, US Trade Representative, Trump, CNN, Reuters, Bank of America Locations: U.S, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Adam Parker, Gabriela Santos, & Stephanie GuildAdam Parker, Trivariate Research founder and CEO; Gabriela Santos, JPMorgan Asset Management global asset strategist; and Stephanie Guild, Robinhood head of investment strategy, join CNBC's 'Closing Bell' to discuss market outlooks.
Persons: Adam Parker, Gabriela Santos, Stephanie Guild Adam Parker, Stephanie Guild, Robinhood, CNBC's Organizations: Trivariate Research, JPMorgan Asset Management
It reignites a debate about the feasibility of developing increasingly advanced models and AI scaling laws — the theoretical rules about how the models improve. It remains to be seen how smart an AI model can get when it has that much capital thrown at it. There could also be strategies to make AI models smarter by enhancing the inference portion of development. The model OpenAI released in September — called OpenAI o1 — focused more on inference improvements. Still, it's clear that, like Altman, much of the industry remains firm in its conviction that scaling laws are the driver of AI performance.
Persons: OpenAI's, It's, , Sam Altman, Fabrice Beaulieu, Altman, OpenAI, Andrew Caballero, Reynolds, Ion Stoica, Gary Marcus, Anthropic, Marcus, Claude, Ilya Sutskever, Dario Amodei, Kevin Scott, we're, Scott, they've Organizations: Service, OpenAI's, Orion, Business, Getty, Companies, New York University, Reuters, Sequoia, o1 Locations: GPT, Silicon Valley, AFP
AdvertisementA doctor who specializes in active aging shared three things she does to stay healthy and mobile as she grows older. That's why Wright sees healthy musculoskeletal aging as "a lifelong pursuit." Learn how to lift weightsWright recommends strength training to build as much muscle as possible, particularly in the critical decade. Related storiesEat a high-protein diet and plenty of vitamin DEating a high-protein diet helps build muscle. Getty ImagesIn order to build muscle, you also have to make sure you eat enough protein, Wright said.
Persons: Vonda Wright, , Wright, That's, Let's, Mike Molloy, It's, squats Organizations: Service, National Health, American Heart Association Locations: Florida
Their findings, set out in a study published last month, suggest it’s a mix of human-caused climate change and the region’s unusual geology. Graphic shows the process by which warming temperatures and the region's unique geography can lead to explosive craters, according to new research. Vladimir Pushkare/Russian Centre of Arctic Exploration/AFP/Getty ImagesWhat most scientists do agree on, however, is that climate change is playing a role, and may lead to an increase in these explosive craters in the future. As climate change accelerates, he added, it may lead to more permafrost degradation, powerful gas blowouts and new craters. Not only are the craters affected by climate change, they also contribute to it.
Persons: wilder, Ana Morgado, Morgado, Igor Bogoyavlensky, there’s, ” Morgado, Evgeny Chuvilin, Lauren Schurmeier, Vladimir Pushkare, Chuvilin, , Schurmeier, , Vasily Bogoyavlensky, “ it’s Organizations: CNN, University of Cambridge, American Geophysical, Skolkovo Institute of Science, Technology, University of Hawaii, of Arctic Exploration, Getty, Global, Oil and Gas Research Institute of, Russian Academy of Sciences Locations: Russian, Siberia’s Yamal, Moscow, Siberia, AFP
Jamie was only 2 years old when her mother, 24-year-old Barbara McClure, vanished in Seattle, following a night out with friends. Barbara McClure and Jamie Jamie StupeyJamie’s parents separated shortly after she was born and later divorced. “Barbara was reported missing the next day by her roommate.”Barbara McClure Jamie StupeyAt the time, Barbara and her daughter were living with a friend. “There’s a side that, you know, she just went walking,” Jamie said. I think it would tell a lot.” Detective Free told KING 5 that he had no information about Barbara being followed by anyone.
Persons: Jamie Stupey, , , Jamie, Barbara McClure, Jamie Jamie Stupey, ” Jamie, “ Barbara McClure, Barbara, “ Barbara, ” Barbara McClure Jamie Stupey, she’s, Jamie doesn’t, John Free, Free, Barbara Annette McClure, ’ ”, ” Barbara Organizations: King County Sheriff’s, Center, Dateline, NBC, KING, Facebook, King County, County Sheriff’s Locations: Seattle, King, Forest, King County
Her patients inquire about testosterone therapy for multiple problems — to improve mood, energy, sex drive, brain fog and muscle mass. She tells patients that testosterone therapy is currently only recommended for a low sex drive, although future research may find other benefits. Shifren, who has been involved in clinical trials looking at testosterone therapy in women, said that the benefits for women with low libido aren’t terribly impressive. When men start testosterone therapy, it is typically given in a gel with a dose of 50-100 mg a day. Voedisch recalls one patient who finally stopped testosterone therapy after her voice was altered.
Persons: Dr, Rebecca Dunsmoor, Su, They’re, Amy Voedisch, Voedisch, , , “ It’ll, they’ve, Traci Kurtzer, ” Kurtzer, Jan Shifren, Hospital’s, Shifren, It’s, Marcella Hill, Hill, ” Hill, didn’t, hadn’t, , Hill isn’t, ’ ” Organizations: OB, Stanford Medicine, Northwestern Medicine Center, Sexual, Drug Administration, Massachusetts, Health Locations: U.S, Palo Alto , California, Chicago, Boston, Vineyard , Utah
Google's head of research told BI that learning to code continues to be a valuable skill. A decade later, Google's head of research says the advice still rings true — even in the age of AI. Related stories"I think that basic coding is like basic math," Matias said. Google Research has already integrated AI into tools like flood forecasting models, which Matias said can save lives. With AI impacting so many fields, Matias said "it's important to master the basic things," like the fundamentals of coding.
Persons: Yossi Matias, , Google's, IBM's Jonathan Adashek Matias, Matias, Sundar Pichai, it's Organizations: Service, Chelsea, Google, Google Research Locations: New York
Sanders added it is “problematic” if schedule F is being used to reinforce and maintain political loyalty. The spoils system was replaced by the current merit-based system where career employees serve multiple administrations, carrying out their jobs independent of politics. The Biden administration erected temporary roadblocks at the federal Office of Personnel Management – rules aimed at protecting federal workers from retaliatory mass firings. The District of Columbia itself has the largest individual chunk of federal workers in any state or territory, with more than 162,000. But it could also be devastating to employment in states that went to Trump, where roughly 967,000 federal workers live.
Persons: Donald Trump, Trump, , Ronald Sanders –, Trump’s, , Sanders, Max Stier, , ” Stier, didn’t, Karoline Leavitt, Biden, Will Lanzoni, Elon Musk, Mandy Gunasekara, Everett Kelley –, Joyce Howell, “ They’re, Marie Owens Powell, Sunlen Serfaty, Tierney Sneed Organizations: CNN, Trump, Energy Department, Environmental Protection Agency, Partnership for Public Service, Management, DC, of Columbia, Convention Center, Land Management, EPA, Unions, American Federation of Government Employees, AFGE, , American Civil Liberties Union, Democracy Locations: Maryland, Virginia, Beach, West Palm Beach , Florida, Washington, Colorado
CNN —In Amsterdam’s Red Light District, the hologram of a woman sits behind a window. This hologram is modeled on Bernadett “Betty” Szabó, a 19-year-old Hungarian sex worker who was murdered in the Dutch capital in 2009. Despite a large-scale investigation, in which police monitored CCTV, interviewed witnesses, and combed over the crime scene, the case eventually became cold. Bernadett "Betty" Szabó was murdered in February 2009, three months after giving birth to her son. The reward for information related to the case has been raised to €30,000 (around $32,160).
Persons: , Betty ” Szabó, Szabó, Betty, ” Benjamin van Gogh, van Gogh, , ” Eline, Roovers Organizations: CNN, Light District, Amsterdam, Amsterdam Police, Locations: Hungarian, Nyíregyháza, Amsterdam
Since Trump's win, the market has already seen some major gains. Those sectors in particular had several winners in the rally following Trump's 2016 win , and analysts believe gains may likewise be in store this time around – especially for energy. Defense stocks could also see some gains, according to Barclays analyst David Strauss. That would be above the 14.2% rally the stock saw after Trump's first win from Nov. 7, 2016, until year's end. Among the 15 analysts covering it, 11 have a hold rating, while only two have a strong buy or buy rating.
Persons: Donald Trump's, Wells, Roger Read, David Strauss, Trump, Chris Caso, Trump's, Huntington Ingalls, it's Organizations: Dow Jones Industrial, Energy, Trump, Defense, Barclays, Semiconductor, Wolfe Research, CNBC Pro, ConocoPhillips Locations: industrials, China, Texas
“I kind of paddled down into the shark pit and had a moment, and I was just sitting there,” he said. Borrego is known around the world for his research on sharks and his treatment of shark attack victims. “Every one of the boys has been bit,” Cole explained. “You’re gonna put yourself in danger.”Cole’s advice to surfers who would prefer to forgo shark incidents is simple: “Surf beaches. “I’m not gonna … Everything’s fine.”According to the Florida Museum, surfers and those participating in board sports accounted for 42% of shark attack incidents in 2023.
Persons: Cole Taschman, Cole, , , Hunter Roland, Zach Bucolo, Ana Peci, ” Peci, ” Cole, , Robert Borrego, Ibrahim Jabbour, Cole Taschman's, Thomas Cordy, Borrego, I’ve, “ You’re, You’re, “ I’m, Bethany Hamilton, that’s, it’s, She’s, Peci, ” Jordan Schwartz, It’s Organizations: CNN, Atlantic Coast, … I’m, Cleveland Clinic Martin North Hospital, Mary’s Medical, Surgeons, USA, Florida Museum, OH Boy Locations: Stuart , Florida, Stuart, St, Mary’s, West Palm Beach
I moved my family to Puerto Rico for my job — we were excited about the warm weather and beaches. Once we moved, we struggled to adjust and we felt a lot of loneliness being far from family. AdvertisementIn 2015, the opportunity to move from Pennsylvania to Puerto Rico presented itself by way of a job offer with a med-tech company. AdvertisementReally, living in Puerto Rico was a lonely experience for all of us. AdvertisementAfter about a year of stress and tension, we returned to the StatesWe lasted in Puerto Rico for about a year until my family and our belongings headed back to Pennsylvania.
Persons: , I'd, hadn't, We'd Organizations: Service Locations: Puerto Rico, Pennsylvania, Cataño, Puerto
BI has spoken with entrepreneurs who make money buying and reselling items on sites like eBay. AdvertisementBusiness Insider has spoken with a handful of individuals who have had so much success reselling items as a side hustle that they quit their day jobs to do it full-time. Richard S. advises looking at what is selling well by browsing the "sold items" section of your category on eBay for 30 minutes a day. In the reselling business, "it doesn't matter what I think is cool," he said. Richard S. inside his vintage clothing store, The Spot, in Coral Springs, Florida.
Persons: , Richard S, curating, Kendall VanGilder, Antonia Wade He, Val Zapata, VanGilder, Zapata, Val Zapata Richard S, Ralph Lauren, he's, Roger Federer, Rafael Nadal, she'll, I'd, He's Organizations: eBay, Service, Nike Locations: Lululemon, Germany, Coral Springs , Florida
Open interest in bitcoin's price surpassing $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading. "The options market's bias is heavily toward continued momentum. Call options trade at a premium to puts, and open interest in out-of-the-money calls has grown," Vetle Lunde, head of research at K33 Research, told CNBC. The CME derivates exchange offers bitcoin futures contracts and is a popular way for institutions in the U.S. to make bets on the future price of bitcoin. Velde told CNBC that on Friday CME premiums for ether and bitcoin averaged 14.5% and 14%, respectively.
Persons: Bitcoin, Vetle Lunde, Velde Organizations: K33 Research, CNBC Locations: U.S, Velde
Iran has developed fentanyl-based chemical weapons
  + stars: | 2024-11-10 | by ( ) www.businessinsider.com   time to read: +7 min
These chemical weapons affect a victim's central nervous system. AdvertisementIran has developed chemical weapons based on synthetic opioids such as fentanyl, warns a US expert, powerful agents that could incapacitate soldiers or civilians when added to grenades or artillery. (The US, in contrast, completed the destruction of its chemical weapons in 2023.) Nonetheless, chemical weapons do have a frightening aura, even if fentanyl gas is nowhere near as deadly as nerve gas. "I think that many, many people would see it that way because you're talking about chemical weapons," Levitt said.
Persons: , Iran's, Matthew Levitt, Levitt, they've, Iran —, Hossein University, Israel, Michael Peck Organizations: Service, Pharmaceutical, PBA, Combatting Terrorism, The U.S, Government, Washington Institute, Convention, Iran's Chemistry Department, IHU, Department, State Department, Commandos, CTC, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Iran, West, The, Iraq, Israel, Syrian, , Iranian, Moscow, Vietnam, Tehran, Galilee, Lebanon, Forbes
15 LSU has been criticized for unveiling a live caged tiger in its stadium for the first time in almost a decade before they were routed 42-13 by No. After a few minutes, the cage was slowly driven off the field at Tiger Stadium in Baton Rouge, Louisiana. The live tiger was rolled into Tiger Stadium in a cage. Stephen Lew/USA Today Sports/ReutersCNN has reached out to LSU, Landry and Kalmanson for comment. The Crimson Tide will host Mercer next week while the Tigers head to Gainesville to take on the Florida Gators.
Persons: , Omar Bradley, Mitchel Kalmanson, Mike VII, Gerald Herbert, Jeff Landry, Omar ”, Landry, Mike One, Mike the, ” Landry, Kalmanson, Jalen Milroe, Jonathan Bachman, Captive Wildlife Research Klayton Rutherford, Ralph Abraham, , ” Abraham, “ He’s, Geno VanDeMark, Stephen Lew, Jalen Milroe’s, , Garrett Nussmeier, Mercer Organizations: CNN, LSU, SEC, Florida, Tiger, AP, Louisiana, Sunday, , FOX News, Alabama Crimson Tide, Getty, Captive Wildlife Research, PETA, USA, Sports, Reuters CNN, Alabama, Crimson Tide, Tigers, Florida Gators Locations: Alabama, Baton Rouge , Louisiana, Louisiana, Gainesville
LinkedIn has seen a 29% increase this year in users who list their preferred pronouns. AdvertisementDetractors might consider it woke, but more professionals are including their preferred pronouns on their LinkedIn profiles. LinkedIn added space for users to include their preferred pronouns in their profiles in March 2021. Cooper, who said she doesn't indicate preferred pronouns, said that for some people sharing their pronouns can signal support for marginalized groups. She said that, ultimately, while some people find comfort in sharing their preferred pronouns, what that says about a person might be limited.
Persons: , John Deere, Davidson, it's, Michael West, Kathryn Bond Stockton, Stockton, Minjae Ormes, Davina Cooper, Cooper, she's, John Organizations: LinkedIn, Service, Harley, University of Utah, King's College London Locations: Australia
Georgetown University, University of Michigan and s3mc.orgGeorgetown University, University of Michigan and s3mc.orgWhat also stands out in the charts over time is the lack of a sustained narrative about either candidate. On average, over the 20 weeks The Breakthrough survey was fielded this year, roughly 76% of US adults said weekly they’d heard at least some news about Trump. In the 15 full weeks of data following Harris’ entry into the race, a slightly smaller share – about 71% on average – said they’d heard something about her. Sentiments expressed by political independents when talking about the news surrounding Trump were negative throughout the campaign. Their sentiment when discussing what they’d heard about Harris, which was close to neutral at the start of her candidacy, declined modestly throughout the fall, undercutting her advantage over Trump on that metric.
Persons: Donald Trump, Kamala Harris, Trump’s, Joe Biden, Harris, , Harris –, SSRS, Trump, Gallup’s Frank Newport, , , Hillary Clinton, they’d, Biden, , undercutting, Jennifer Agiesta, Edward Wu Organizations: CNN, Trump’s, Trump, Georgetown University, University of Michigan Locations: Puerto Rico
AdvertisementA key sticking point for the 73,479,065 Americans (and counting) who voted for President-elect Donald Trump was inflation. Inflationary promisesThe main Trump proposals viewed as inflationary are: sweeping tariffs on imports, mass deportation of immigrants, and lower taxes. Related storiesTypically, US companies simply pass the tariff costs to consumers via higher prices, and company executives are already signaling this to investors. Possible inflation falloutIf Trump delivers on all of these proposals, then a rebound in inflation is all but guaranteed, economists have said. AdvertisementIt's worth noting that the tariffs Trump enacted in his first term did not result in a significant inflation increase.
Persons: , Donald Trump, Trump, It's, Taylor Rogers —, Philip Daniele, Timothy Boyle, Wendy Edelberg, Nobel, Paul Krugman, Ned Davis, Veneta Dimitrova, Dimitrova Organizations: Trump, Service, White, Biden, Republican National, Center, Columbia, Washington Post, National Association of Homebuilders, Federal Reserve Locations: China,
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