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☆ Stocks making the biggest moves midday: Gap, MongoDB, Dell Technologies and more
▼ + stars: | 2024-05-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Zscaler — Shares added 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Gap — The clothing retailer soared 26% after posting fiscal first-quarter earnings per share of 41 cents, higher than the 14 cents analysts surveyed by LSEG had expected. The company beat earnings and revenue expectations for the April quarter, but still saw slower-than-expected consumption growth. SentinelOne expects its revenue to fall between $808 million to $815 million in 2024, which was lower than the $817 million forecast by LSEG.

Persons: Zscaler, LSEG, Nordstrom —, Nordstrom, chipmaker, Marvell, MongoDB, Sun Choe, Choe, Cooper, Paycom, Randy Peck, Christopher Thomas, Maheep, CNBC's Hakyung Kim, Yun Li, Jesse Pound, Pia Singh Organizations: Dell Technologies, Lionsgate, Citi, Starz, Nordstrom, Marvell Technologies, Vans, Cooper Companies, Mizuho Locations: Seattle

☆ How East West Bancorp has gained an edge by serving the Asian American community
▼ + stars: | 2024-05-31 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

East West Bancorp shares have eked out a small gain in 2024, up 2%. Despite the heightened scrutiny around regional banks, little-known East West Bancorp has been able to pull ahead thanks to a key customer base: Asian Americans. American dream = home ownershipPart of what's helping East West succeed with Asian Americans goes all the way back to its origins. East West Bancorp was founded in 1973 as a federal savings and loan in the Los Angeles area to service the Chinese American and immigrant community struggling to obtain mortgages and business loans. East West also drives cross-border activity between the U.S. and other Asian countries, such as Thailand and Vietnam.

Persons: Alexander Yokum, Wells, Timur Braziler, Fannie Mae, Freddie Mac, —, Braziler, Christopher Del Moral, Niles, it's, Del, Steven Leung, Leung, CFRA's Yokum, Yokum, Dominic Ng, that's Organizations: East West Bancorp, Regional Banking, Bancorp, West Bancorp, CFRA, Federal Housing Finance Agency, East, East West, U.S, Bancorp's Locations: Southern California, U.S, United States, East, Los Angeles, Asia, FactSet, East West, New York, Beijing, China, Shanghai, Thailand, Vietnam, Washington

☆ ‘Not Everything Was Bad’: Saluting the Mercedes of Eastern Europe and a Communist Past
▼ + stars: | 2024-05-30 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: 1 min

As the beige car bounced up to the former Soviet barracks, the rattling of its half-century old motor overpowered the din of people setting up for the day’s festivities at a temporary fairground. The driver of the little sedan, once considered the Mercedes of Eastern Europe, slipped the clutch, jolting the car forward. The lapse earned a rebuke from a costumed parking attendant. now,” he yelled with mock anger, referring to the extinct East German state. “Leave your Western manners behind!”

Persons: ” Organizations: Mercedes Locations: Wartburg, Eastern Europe

☆ What is a catalytic converter and why do people keep stealing them?
▼ + stars: | 2024-05-30 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN —Johnny Wactor, an actor who formerly starred in “General Hospital,” caught people in the act of stealing the catalytic converter from his car Saturday. But, up to last year, catalytic converter thefts had been rising sharply, up by a factor of four, since 2020. A catalytic converter cleans a car’s exhaust, making the air safer to breathe for all of us. On its website, the US Environmental Protection Agency has called the catalytic converter “one of the great environmental inventions of all time.” But it’s not what the catalytic converter does that attracts desperate criminals. For the most part, the catalytic converters end up getting sold to recycling companies that strip out the materials to make new catalytic converters.

Persons: Johnny Wactor, ”, Wactor, It’s, they’ve, Richard Waitas, That’s, Scott Vollero, Christopher Gaines, you’ve, it’s Organizations: CNN, “, National Insurance, US Environmental Protection Agency, National Automobile Dealers Association, Recycling Locations: Angeles, California

☆ There’s a Reason Most People Aren’t Following the New York Trump Trial - The New York Times
▼ + stars: | 2024-05-29 | by ( Matthew Walther | ) www.nytimes.com time to read: +2 min

Christopher Hitchens once described participation in the absurd debate over who actually wrote Shakespeare’s plays as “an unfailing sign of advanced intellectual and mental prostration.” It would be unsporting to apply this characterization of literary conspiracy theorists to the enthusiastic followers of Donald Trump’s criminal trial in New York, but only, I think, because the verdict in the latter case is still an open question. For the uninitiated (a category to which a great majority of voters belong), the most immediately striking feature of both Shakespeare denialism and the Trump trial is impenetrability: endless rolls of decontextualized names and dates; speculative chronologies; inconsequential or irrelevant details invested with a lurid significance; complex, novel theories of evidence that are somehow applicable only to one individual. How many people, even those who purport to be following the case against Mr. Trump, can summarize the premise on which the Manhattan district attorney, Alvin Bragg, has based his claim that various alleged low-level bookkeeping offenses somehow congeal into a felony, much less explain why Mr. Trump is the only person of note whose ostensible accounting errors are treated like this? People recognize, at least implicitly, that the trial is in effect an attempt to settle an issue that courts are poorly suited to decide: namely, whether Mr. Trump should again be elected president of the United States. That, as they say, is a question for another day, specifically Nov. 5.

Persons: Christopher Hitchens, Donald Trump’s, Shakespeare denialism, Trump, Alvin Bragg, Shakespeare, Francis Bacon Locations: New York, Manhattan, United States

☆ DOJ charges Chinese national with operating 'world's largest botnet' that stole $5.9 billion in Covid relief funds
▼ + stars: | 2024-05-29 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Bureau of Investigation Director Christopher Wray said it is "likely the world's largest botnet ever." The botnet hacked into over 19 million IP addresses in nearly 200 countries, the DOJ announcement said. In particular, the botnet targeted Covid relief programs and filed an estimated 560,000 false unemployment insurance claims, stealing $5.9 billion. The DOJ partnered with the FBI and other law enforcement agencies internationally to dismantle the botnet and arrest Wang. The charges come as U.S. law enforcement agencies try to update protocols to keep up with more sophisticated cybersecurity threats.

Persons: Wang, Christopher Wray, S, Axelrod, they're, Wray Organizations: US Department of Justice, Department of Justice, DOJ, Federal Bureau of, FBI, Export Enforcement, U.S . Department of Commerce's, of Industry, Security, Treasury Department, Treasury, Code, Tulip Biz, Company, Lily Suites Company Locations: Washington , DC, U.S, China

☆ A jaywalker launched a campaign of revenge against a cop who gave him a $196 ticket, lawsuit says
▼ + stars: | 2024-05-29 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

Read previewA Fresno police officer issued a California man with a ticket for jaywalking in 2019. But instead of taking the fine on the chin, John Christopher Spatafore launched a campaign of revenge against the cop, which included filing false police reports about him, according to a civil lawsuit. AdvertisementAccording to the local outlet, the officer's lawyer, Brian Whelan, described the lawsuit as addressing a "cyber campaign of hate and revenge" waged against the policeman and his family. According to the lawsuit, Spatafore then filed two false police reports against the officer. In the second, Spatafore alleged that the officer's wife was a victim of domestic violence, according to the lawsuit.

Persons: —, John Christopher Spatafore, John Doe, Brian Whelan, Spatafore Organizations: Service, Fresno, jaywalking, Business, Fresno Bee, Fresno City Hall Locations: California, Fresno

☆ South Africa election most contested we've seen in 30 years, Chatham House says
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Africa election most contested we've seen in 30 years, Chatham House saysChristopher Vandome, senior research fellow at Chatham House, says it's "the most contested election that we've seen in 30 years since South Africa came to democratic rule in 1994."

Persons: Christopher Vandome, we've Organizations: Chatham, Chatham House Locations: Africa, South Africa

☆ Dollar steady ahead of inflation data, yen wobbles
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +7 min

The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. The pound was 0.13% higher at 200.68 yen, the strongest since August 2008, while the euro touched a one-month high of 170.795 yen earlier in the session. The yen, which is sensitive to Treasury yields, is down 10% for the year against the dollar but may yet scrape a monthly gain in May.

Persons: Sterling, Christopher Wong, Prashant Newnaha Organizations: U.S, Australian, FX, TD Securities Locations: U.S, Tokyo, Asia

☆ ‘My eyes have been opened:’ Inside Elton John’s personal photography collection
▼ + stars: | 2024-05-29 | by ( Victoria Woodcock | ) edition.cnn.com time to read: +9 min

CNN —“Fragile Beauty” is an exhibition of extremes. The new show of “Photographs from the Sir Elton John and David Furnish Collection” at London’s Victoria & Albert museum (V&A) is at turns glitzy and gritty; joyfully pop and heart-wrenchingly poignant. “‘Fragile Beauty’ was chosen by Elton. Photography as a visual journalOne section, too, is titled “Fragile Beauty”, featuring work by Mapplethorpe, Hujar and McGinley. Elton even features in some of his own collection, as shown in David LaChapelle's "Elton John, Egg On His Face," 1999.

Persons: Sir Elton John, David, Marilyn Monroe, Nan Goldin, ”, Duncan Forbes, “, ’, Elton, Tristram Hunt, London’s, Tyler Mitchell's, Tyler Mitchell, Richard Avedon, Mitchell, John, Egglestons —, Newell Harbin, Hujars, ’ Elton John “, Forbes, Tom Bianchi's, Tom Bianchi, Fahey Klein, “ They’re, It’s, “ We’re, Ronald Fisher —, Newell, Robert Mapplethorpe, Mapplethorpe, Elton John, Sunil Gupta’s, Christopher Street ”, George Platt Lynes, Zanele Muholi, Peter Hujar's, Darling, Hujar, Mel Roberts, Gilbert, George’s, Ryan McGinley’s, Don Herron’s, Keith Haring, Peter Hujar, McGinley, Mary Ellen Mark, John’s, David Fahey, David LaChapelle's, Egg, David LaChapelle “, Fahey, Irving Penn, Herb Ritts, Horst P, Horst, Robert Mapplethorpe's, Roy DeCarava, Julio Cortez’s, George Floyd, Hunt Organizations: CNN, Albert, London’s Tate, Vogue, Atlanta, Los Angeles, Elton John Aids Foundation, ”, Rights Society New, Associated Press Locations: British, Atlanta, London, Los Angeles, “, Harbin, New York, American, Rights Society New York, Seattle, France, Britain, Minneapolis

☆ The summer trade: Here's how the S&P 500 fares between June and August—and which sectors stand out
▼ + stars: | 2024-05-29 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The major averages hit record highs in May, with the S & P 500 breaking above 5,300 for the first time. Historically, the summer months prove to be less robust for the S & P 500. July is typically a standout month, however, with the S & P 500 posting a 3.27% increase on average. .SPX YTD mountain The S & P 500 has added more than 11% in 2024. The S & P 500 tech sector averages a flat performance for June going back a decade.

Persons: It's, — CNBC's Christopher Hayes Organizations: Nasdaq, Dow Jones, CNBC, Tech, Technology, Nvidia

☆ Judge allows Trump co-defendant to continue to fight for 500,000 ballots from Fulton County to argue debunked fraud claims
▼ + stars: | 2024-05-28 | by ( Nick Valencia | Jason Morris | ) edition.cnn.com time to read: +3 min

CNN —A Fulton County judge will allow a co-defendant of Donald Trump in the Georgia election subversion case to continue his effort to access thousands of 2020 ballots to argue debunked voter fraud theories. Floyd’s attorneys are pushing to access more than 500,000 ballots from Fulton County, claiming they intend to produce “evidence” that thousands of votes were improperly excluded from the final vote tally. Defendant Harrison Floyd with attorney Christopher Kachouroff in court during a hearing at the Fulton County Courthouse on May 28 in Atlanta. Dennis Byron/Pool/Getty ImagesChad Alexis, senior assistant attorney for Fulton County, pushed back on 2020 voter-fraud arguments from Floyd’s attorneys. The Fulton County racketeering case against Trump has effectively been at a standstill.

Persons: Donald Trump, Harrison Floyd, Trump, Joe Biden, Scott McAfee, McAfee, Brad Raffensperger, Floyd, Christopher Kachouroff, Dennis Byron, Chad Alexis, Alexis, ” Alexis, Fani Willis, Nathan Wade Organizations: CNN, Trump, Fulton, Republican, Courthouse Locations: Fulton, Georgia, Fulton County, Maryland, Atlanta

☆ Pope Francis apologizes for using a homophobic slur during a meeting with bishops
▼ + stars: | 2024-05-28 | by ( Christopher Lamb | ) edition.cnn.com time to read: +2 min

CNN —Pope Francis has apologized for using an anti-gay slur during a meeting with bishops. The 87-year-old pontiff reportedly made the homophobic remark in a closed-door meeting last week as he told Italian bishops that gay men shouldn’t be allowed to train for the priesthood. “As he (Pope Francis) has said on several occasions, ‘in the Church there is room for everyone, everyone! Francis’ comments were made in the context of proposals from the Italian bishops to amend guidelines on candidates to seminaries. A view of St. Peter’s during a mass celebrated by Pope Francis on the first World Children’s Day on May 26, 2024 in Vatican City, Vatican.

Persons: Pope Francis, shouldn’t, “, Pope, ’, Francis ’, Peter’s, Franco Origlia, Francis Organizations: CNN, Repubblica, della Sera, Argentine Locations: Vatican City, Vatican

☆ Pope Francis accused of making homophobic slur in a closed-door meeting
▼ + stars: | 2024-05-27 | by ( Christopher Lamb | Sharon Braithwaite | ) edition.cnn.com time to read: +2 min

CNN —Pope Francis allegedly told Italian bishops to not permit gay men to train for the priesthood, with two Italian newspapers claiming that the 87-year-old pontiff made a homophobic slur in a closed-door meeting last week. Citing sources from inside the meeting, the Corriere della Sera and La Repubblica newspapers reported Monday that the Pope had made the comments while meeting with Italian bishops on May 20. The remarks took place in the context of proposals from the Italian bishops to amend guidelines on candidates to seminaries. Two years later he told the Italian bishops not to accept gay candidates for the priesthood. A source close to the Pope told CNN that it could also be understood as there is a “gay climate” in the seminaries.

Persons: Pope Francis, Pope, Francis, “ Organizations: CNN, La Repubblica, della Sera, Argentine Locations: La

☆ She Landed One of Music’s Great Gigs, but First Came Boot Camp
▼ + stars: | 2024-05-27 | by ( Sarah Diamond | Christopher Lee | ) www.nytimes.com time to read: 1 min

Classical musicians have limited options to play professionally, so some turn to the U.S. military. Those who emerge successfully from the audition process must then endure boot camp. For several months, musicians train as soldiers without any access to their instruments. Managing to secure a full-time job with a premier military band can be transformational.

Organizations: .

CNN —Josef Newgarden used a scintillating last-lap pass to win the Indianapolis 500 on Sunday for the second consecutive year in a race that started four hours late due to extreme weather. We worked our tails off,” Newgarden told race broadcaster NBC. “Absolutely, they can say whatever they want after this point, I don’t care any more,” Newgarden said after the Indy 500. The Indy 500 regularly shares a date with the famous Monaco Grand Prix, known as the “crown jewel” of the Formula One calendar. Michael Conroy/AP“(Racing at 50) was always my goal, but I don’t want to just ‘do it’,” he told Indy Star.

Persons: CNN — Josef Newgarden, I’m, …, ” Newgarden, Pato O’Ward, Arrow McLaren, Hélio Castroneves, Roger Penske, ” Josef Newgarden, AJ Mast, Tom Blomqvist, Mark J, Newgarden, O’Ward, “, ”, “ It’s, ” O’Ward, Scott Dixon, ” Dixon, Charles Leclerc, Kyle Larson, Larson, ” Larson, Justin Allgaier, Christopher Leduc, Allgaier, John Andretti, Robby Gordon, Tony Stewart, Kurt Busch, Castroneves, Michael Conroy Organizations: CNN, Indianapolis, NBC, Indycar, USA, Sports, Reuters, Team Penske, IndyCar, Indy, Monaco, Larson NASCAR, NASCAR, Indy Star Locations: Indianapolis, St . Petersburg , Florida, Monte Carlo, Indiana, North Carolina, Larson’s

☆ The Fed probably won't be delivering any interest rate cuts this summer
▼ + stars: | 2024-05-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Michael M. Santiago | Getty ImagesInvestors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates. A batch of stronger-than-expected economic data coupled with fresh commentary from policymakers is pointing away from any near-term policy easing. "The market takes every bit of data and translates it to how the Fed sees it. So if the Fed is data dependent, the market is probably more data dependent." Put it together, and there's not much reason for the Fed to be easing policy here.

Persons: Michael M, Quincy Krosby, Christopher Waller, there's, Michael Gapen, BofA, Gapen Organizations: New York Stock Exchange, Santiago, Getty, Federal Reserve, Dow Jones, LPL, Fed, Bank of America Locations: New York City

☆ What Living in a SpaceX Company Town Tells Us About Elon Musk - The New York Times
▼ + stars: | 2024-05-24 | by ( Christopher Hooks | Mike Osborne | ) www.nytimes.com time to read: +1 min

He woke as if Elon Musk himself had grabbed him by the shoulders. Mr. Musk spent $44 billion of mostly other people’s money to buy Twitter, rebrand it to X and guarantee that he could continue to irritate people on a global scale. For Mr. Rangel, what was figurative for others had become literal: When a tycoon stomps, the earth shakes. Mr. Musk’s company SpaceX had launched a new iteration of its Starship rocket about 25 miles away. But Mr. Rangel still couldn’t go back to sleep.

Persons: Noel Rangel, Elon Musk, Peter Thiel, Donald Trump —, —, Jeff Bezos, Musk, Rangel, stomps, couldn’t Organizations: Twitter, SpaceX Locations: Gulf of Mexico, Brownsville , Texas, West Texas

☆ What’s really happening in America’s economy (Trump and Biden spin aside)
▼ + stars: | 2024-05-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

You’d think that would mean the economy is coasting, since periods of low unemployment are generally associated with higher rates of economic prosperity. That seems to be the case with a lot of recent economic data: No piece of good news comes without other evidence that give economists pause. “I wouldn’t give the economy a clean bill of health,” said Gregory Daco, chief economist at EY. But given consumer spending is one of the biggest drivers of the economy, a pullback can have adverse effects, too. The uglyThe biggest flashing red light in the economy right now is the level of debt people are racking up.

Persons: Zers, ”, Gregory Daco, Joe Biden, there’s, Donald Trump’s, Here’s what’s, Christopher Waller, ” Waller, ” David Alcaly, Daco, ” Sung Won Sohn Organizations: New, New York CNN, EY, of Labor Statistics, Federal, Gov, Lazard, CNN, New York Fed, Loyola Marymount University, SS Locations: New York, Wisconsin

☆ Dollar holds firm as traders trim U.S. rate cut bets
▼ + stars: | 2024-05-24 | by ( ) www.cnbc.com time to read: +3 min

"The carry of holding dollars is far juicier," he said, while policymakers' rhetoric has also made traders nervous about inflation and the risk rate cuts would be distant or small. Traders have pushed out the timing of the first Fed rate cut to December. Thursday's business surveys from S&P Global supported the conviction among many traders that the Fed may keep rates higher for longer. But not for traders who are positioned for Fed cuts. Rates markets still price a near 90% chance the ECB cuts rates next month.

Persons: Martin Whetton, Matt Simpson, Sterling, Christopher Waller Organizations: U.S, Westpac, Federal, Traders, P Global, European Central Bank, Federal Reserve Locations: Sydney

☆ Carlo Acutis, Italian teenager nicknamed ‘God’s influencer,’ set to become Catholic Church’s first millennial saint
▼ + stars: | 2024-05-24 | by ( Christopher Lamb | ) edition.cnn.com time to read: +2 min

CNN —Carlo Acutis, an Italian teenager and computer prodigy who earned the nickname “God’s influencer,” is set to become the Catholic Church’s first millennial saint. Pope Francis has recognized a second miracle attributed to Acutis, a gamer and computer programmer who died from leukemia in 2006 at age 15. Many attended the beatification ceremony of Carlo Acutis at the St. Francis Basilica on October 10, 2020 in Assisi, Italy. Vatican/Getty ImagesDuring his life, Acutis used his technological skills to spread awareness of the Catholic faith, including setting up a website documenting miracles. Prospective candidates for sainthood normally need to have two miracles attributed to them before they can be canonized.

Persons: CNN — Carlo Acutis, God’s, Pope Francis, Acutis, Carlo Acutis, Francis Basilica, “, Pope, Acutis –, –, Mario, Pokémon Organizations: CNN, Catholic Locations: Italian, Assisi, Italy, London, Milan, Costa Rica, Florence

☆ HII CEO: Expect margins to rise as we transition out of ships negotiated in pre-Covid environment
▼ + stars: | 2024-05-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHII CEO: Expect margins to rise as we transition out of ships negotiated in pre-Covid environmentHII President and CEO Christopher Kastner joins CNBC's Morgan Brennan aboard the Intrepid during New York's Fleet Week. They talk the difficulty finding labor, the state of the supply chain, using data in its businesses and how the company is using AI to improve efficiency.

Persons: Christopher Kastner, CNBC's Morgan Brennan Organizations: Intrepid

☆ HII CEO Christopher Kastner on supply chain, inflation and aircraft carriers
▼ + stars: | 2024-05-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHII CEO Christopher Kastner on supply chain, inflation and aircraft carriersHII President and CEO Christopher Kastner joins Morgan Brennan, joins 'Closing Bell: Overtime' to discuss the difficulty finding labor, the state of the supply chain and using data in its businesses.

Persons: Christopher Kastner, Morgan Brennan

Morgan Stanley accompanied the move by cutting its price target to $100 from $120. His $185 price target, up from $160, forecasts that shares of Take-Two could rally 23% from Wednesday's close. — Lisa Kailai Han 5:55 a.m.: Bernstein initiates Ford at an outperform rating Investors who don't own Ford are missing out, according to Bernstein. — Lisa Kailai Han 5:55 a.m.: JPMorgan upgrades Hasbro Don't expect Hasbro's momentum to slow in the near future, according to JPMorgan. It also raised its price target on shares to $74 from $61, implying upside of 22%.

Persons: Bernstein, Morgan Stanley downgrades NetEase, Morgan Stanley, Alex Poon, Poon, Lisa Kailai Han, Omar Dessouky, Dessouky, — Lisa Kailai Han, Sam Poser, Sean Dodge, Dodge, GoodRx, Ford, Daniel Roeska, Roeska didn't, Roeska, Christopher Horvers, Fred Imbert Organizations: CNBC, Ford, JPMorgan, Hasbro, NetEase, Bank of America, Rockstar Games, Rockstar, Supreme, Corp, Trading, EMEA, Timberland, RBC, RBC Capital Markets, pharma, Kroger Locations: China, Wednesday's, Americas

☆ Live Updates: Leaders of Northwestern, U.C.L.A. and Rutgers Defend Protest Responses
▼ + stars: | 2024-05-23 | by ( Sharon Otterman | ) www.nytimes.com time to read: +3 min

The testimony of three university presidents before the House Education and the Workforce Committee in December has led to intense public scrutiny. Claudine Gay, Harvard’s president, gave similarly vague responses and faced backlash for weeks, culminating in her resignation in January. Lawyers who prepare clients to testify before Congress said that while there are risks to not appearing, it is always an option. And there are opportunities in negotiations with the committee that occur beforehand to avoid testimony that is likely to be disastrous. Failing to appear before a congressional committee voluntarily risks that lawmakers will demand your presence with a subpoena.

Persons: Elizabeth Magill, Claudine Gay, Nemat Shafik, Christopher Armstrong, “, ” Mr, Armstrong, ” Organizations: Education, Workforce, University of Pennsylvania, Palestinian, Lawyers, Holland, Knight Locations: Columbia

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