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Trump Media breached an agreement with one of the investors that helped the company go public, and must grant the investor a larger share of its stock, a judge ruled. After DWAC merged with Trump Media, those Class B shares were supposed to automatically convert to Class A stock at a 1:1 ratio. Analysts have come to see indivual investments in Trump Media as a proxy for supporting the Republican presidential nominee and betting on his political fortunes. Trump Media is embroiled in numerous other lawsuits with ARC and its founder, Patrick Orlando, along with others involved in the public merger. Trump Media in a filing in that same lawsuit on Monday sought an “emergency” court hearing.
Persons: Donald Trump —, Lori Will, DWAC, Will, ” Will, , Trump, Patrick Orlando Organizations: Trump Media, ARC Global, Truth, Trump, ARC, DWAC, Nasdaq, Analysts, Forbes, United Atlantic Ventures Locations: Delaware Chancery, Delaware, Florida
But a series of data points showing worsening economic conditions has made some analysts believe a 0.5% cut is more likely — and perhaps even necessary. “We do not seek or welcome further cooling in labor market conditions,” Fed Chair Jay Powell said in a speech last month. “A (0.5%) cut is usually done in emergencies,” like the Covid-19 pandemic, said Mark Zandi, chief economist at Moody’s financial group. Mortgage interest rates have hit their lowest level since February 2023, while auto loan rates are also falling. A 0.5% cut would more directly affect rates tied to the fed funds rate, including credit cards, home equity lines of credit and small-business loans.
Persons: Steve Liesman, Jay Powell, Bill Dudley, ” Dudley, Preston Mui, Mui, , , Mark Zandi, Greg McBride, ” McBride Organizations: Federal, CNBC, Wall, Minneapolis Federal Reserve, Federal Reserve Bank of New, Bloomberg News, Fed, Bankrate Locations: Minneapolis, Federal Reserve Bank of New York, America
The FBI is warning election offices to be on the lookout after threatening letters containing suspicious substances were sent to the offices of multiple secretaries of state throughout the country. A senior law enforcement official confirms elections officials in at least six states received packages on Monday, but so far none of the packages have been found to contain any actual hazardous material. Secretaries of state, attorney general offices and state election offices in Nebraska, Iowa, Kansas, Tennessee, Wyoming and Oklahoma were targeted. The FBI, United States Postal Inspection Service (USPIS), and state and local law enforcement partners are investigating multiple letters containing suspicious substances which have been mailed to Secretary of State's offices. The incident is also the second time in the past year that threats have hit multiple state election offices simultaneously.
Persons: , Robert Evnen, Chuck Gray, State Paul Pate, State Tre Hargett, Doug Kufner, Donald Trump, Trump, State Jena Griswold Organizations: FBI, , NBC News, U.S . Postal, Service, United States Postal Inspection Service, Memorial Hall, Nebraska State Patrol, Lincoln, Lancaster County Health Department, Nebraska, State, Hargett Locations: Nebraska , Iowa , Kansas , Tennessee , Wyoming, Oklahoma, ” In Kansas, Iowa, Topeka , Kansas, Lincoln , Nebraska, Nebraska, Lancaster, Wyoming, Tennessee, California , Georgia, Nevada , Oregon, Washington, Colorado
OceanGate CEO Stockton Rush, left, and pilot Randy Holt dive in the company's submersible Antipodes in 2013. But Rush still had him inspect the Titan as it was nearing completion in early 2018, Lochridge said. The five people killed when the Titan submersible imploded in June 2023, clockwise from top left: Hamish Harding, Paul-Henri Nargeolet, Stockton Rush, and Suleman and Shahzada Dawood. Lochridge testified Tuesday that he told Rush he shouldn't be in charge of that trip, but the CEO was adamant. (The submersible had gained attention when it was unveiled the previous year because it used a PlayStation controller for piloting.)
Persons: David Lochridge, OceanGate, Lochridge, Rush, Randy Holt, Wilfredo Lee, Andrea Doria, Stockton, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Dawood, Tony Nissen, Nissen, , shouldn't Organizations: Stockton Rush, U.S . Coast Guard, Coast Guard's Marine Board, Justice Department, Titan, Getty, LinkedIn, Coast Guard, Rush, PlayStation, Occupational Safety, Health Administration, OceanGate Locations: U.S, Washington, South Carolina, Scotland, Massachusetts
The revelations about Ryan Wesley Routh emerged Monday, a day after a Secret Service agent rousted him from a hiding place at the West Palm Beach, Florida, golf course where Trump had been playing. Trump was on the fifth fairway and not in Routh’s line of sight when the agent “engaged” the suspect, said Ronald Rowe, acting director of the Secret Service. In 2002, court records show, Routh was convicted of illegally possessing a machine gun. Court records for a person named Ryan Routh also show a 2003 divorce, along with multiple civil judgments after contractors and individuals sued a roofing company he helped run. Routh disparaged Trump as a “fool” and a “buffoon,” but he credited him for reaching out to North Korean leader Kim Jong Un.
Persons: Donald Trump, Ryan Wesley Routh, rousted, Trump, Sheriff’s, Routh, , Ronald Rowe, Paul G, Martin, Martin County Sheriff William Snyder, Ryan Routh, Valentyn Ogirenko, unruffled, , ” Routh, Thomas Matthew Crooks, Kim Mungo, Mungo, Sen, Bernie Sanders, Joe Biden, Sleepy Joe, Routh bristled, Kim Jong Un, Biden “ Organizations: Service, Rogers Federal Court House, FBI, Trump, Sheriff’s, Martin County Sheriff, NBC News, Reuters, Global Citizen, Golf Club, Nissan, Twitter, Democratic, Commission, Democrat, Republican, NBC, Newsweek Romania, International Legion, Defense, Russia Locations: Ukraine, Palm Beach , Florida, West Palm Beach, Martin, Martin County, Mariupol, Hawaii, Iran, Taiwan, Afghanistan, North Korea, U.S, Butler , Pennsylvania, Honolulu, Greensboro , North Carolina, Greensboro, Russia, Kyiv
As expected, the Fed has been coy about cuts, leaving markets torn between pricing in a 25- or 50-basis-point reduction. "In cycles where rate cuts were able to prolong economic expansion and keep corporate earnings on an upward trend, stocks performed quite well," Belski wrote in a mid-September note. AdvertisementWhile rate cuts aren't a cure-all, Belski is confident that the economic expansion will continue, which will keep this bull market on firm footing. "But with significantly strong trailing one-year performance headed into this initial rate cut, future gains are likely to be more muted relative to historical norms." Sectors poised to outperform as the Fed finally cuts ratesAfter outlining how US stocks broadly have fared following cuts in the last four decades, BMO shared relative sector performance before and after periods of rate declines.
Persons: , that's, Ohsung Kwon, Brian Belski, Belski Organizations: Service, Federal Reserve, Business, " Bank of America, BMO Capital Markets, Fed, BMO Locations: bankable, Montreal
A Starlink terminal installed on a Hawaiian Airlines aircraft. Hawaiian AirlinesPARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week's United Airlines deal, a company director said Tuesday. Last week, United said it will outfit its more than 1,000 planes with Starlink and won't charge customers for the Wi-Fi. SpaceX has previously announced in-flight deals and has started service with Hawaiian Airlines , Qatar Airways, Japan's Zipair, Latvia's airBaltic and semi-private charter airline JSX. Nick Galano, SpaceX director of Starlink Aviation Sales and Partnerships, center, speaks at the World Space Business Week conference in Paris on Sept. 17, 2024.
Persons: Nick Galano, United, Gogo, Japan's, Latvia's, Galano, SpaceX, Michael Sheetz Galano, Glenn Latta, Latta, We've Organizations: Hawaiian Airlines aircraft, Hawaiian Airlines PARIS, SpaceX, United Airlines, IFC, Starlink's, Viasat, Panasonic, Thales, Hawaiian Airlines, Qatar Airways, Starlink Aviation, CNBC, Delta Air Lines, Delta Locations: Paris, United
FanDuel parent Flutter Entertainment will spend $2.6 billion, or 2.3 billion euros, to acquire Italian gambling company Snaitech from Playtech , adding to a string of deals that aim to boost international growth. Italy is a particularly attractive market for Flutter, as it had about 21 billion euros in gross gaming revenue in 2023. It also acquired Italian lottery and gaming operator Sisal in 2022, and just reported record online market share in Italy in the second quarter. Flutter said Snai had almost 10% market share in Italy last year and nearly 300,000 monthly active users. The new business will be renamed Flutter Brazil, and the deal is expected to close in the second quarter of 2025.
Persons: Snai, Peter Jackson Organizations: New York Stock Exchange, CNBC, NSX Group, Group, MGM Resorts, Grupo Globo, Global Locations: Playtech, Brazil, , Italy, Massachusetts, U.S
International credit scores generally do not transfer to credit scores in the U.S. Nova Credit allows immigrants from some countries to apply for credit with an international credit score. FICO VantageScore Payment history (35%) Payment history (40%) Credit balance (30%) Length & type of credit (21%) Length of credit history (15%) Percent of credit used (20%) New credit (10%) Total debt/balances (11%) Mix of credit accounts (10%) Recent credit behavior and inquiries (5%) Available credit (3%)Varying reporting standardsOther countries have credit-scoring systems that differ from the United States. Check for applying without a U.S. credit history — While filling out a credit card application, check a box with "apply without having a U.S. credit history." Along with exploring credit scores, credit reports, and how to build credit, Jennifer analyzes how current economic trends impact everyday people and offers her expert advice on budgeting, saving, and growing wealth in today’s economy.
Persons: Misha Esipov, Dun, Bradstreet, Equifax, TransUnion, you've, Jennifer, Read Organizations: Nova Credit, Popular, Nova Credit's, Nova, American Express, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: U.S, United States, America, Experian, Nova, Canada, Japan, Australia, Brazil, Dominican Republic, India, Kenya, Mexico, Nigeria, Philippines, South Korea, Spain, Switzerland, TheGrio, New York City
"The Perfect Couple" is a murder mystery that unfolds before a wealthy family throws a wedding. Here's what we know about whether it will be back for a second season. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gripping murder mystery "The Perfect Couple" got Netflix subscribers talking with the tale of a wealthy crime writer and her husband throwing a lavish wedding for their son and future daughter-in-law.
Persons: Elin Hilderbrand, , Amelia Sacks, Eve Hewson, Merritt Monaco, Meghann Fahy Organizations: Netflix, Service, Business Locations: Nantucket
But at Fox News, they gossip about the Murdochs, the family who controls Fox’s parent company. What will happen after patriarch Rupert Murdoch dies? Could Lachlan’s younger brother James Murdoch force Fox to take a progressive bent? Rupert Murdoch, 93, is seeking to amend the family trust that he established decades ago, giving his four oldest children equal votes over the future of his conservative media empire after he dies. Under the current terms, Lachlan, James, Elisabeth and Prudence Murdoch each have equal voting rights after their father dies.
Persons: Rupert Murdoch, Lachlan, James Murdoch, Fox, Murdoch, James Murdoch’s, , James, Fox’s, Biden, Kamala Harris, James ”, Donald Trump, Rupert, Elisabeth, Prudence Murdoch, Maureen Dowd, Rupert “, ” James, Prudence, Bill Barr Organizations: New, New York CNN, Fox News, Fox, Fox Corp, HBO, CNN, The New York Times, News Corp, Wall Street Journal, New York, Liberal, Trump Locations: New York, Nevada, Reno , Nevada, Reno
It coincides with the launch day of the "Dungeons & Dragons" Player's Handbook. Go to newsletter preferences Thanks for signing up! AdvertisementCritical Role, the crew best known for being a mega-successful "Dungeons & Dragons" streaming show, has made a nerd world power move for the books. Over the past nine years, the company has gone from eight nerds playing "Dungeons & Dragons" on Twitch to selling out live arena shows and making two Amazon-backed animated series . On September 17, Critical Role surprised fans by officially launching preorders for its major new tabletop role-playing game, Daggerheart.
Persons: Organizations: Service, Business
In a Monday press conference discussing the incident, the acting director of the Secret Service called for "some hard conversations with Congress." "If I was making decisions, I would push them to eliminate all their investigations, aside from investigating threats toward people under Secret Service protection." Because the men and women of the Secret Service right now, we are redlining them." Of the Department of Homeland Security's $64.81 billion total budget, the Secret Service in 2024 was allotted $3.27 billion — increasing less than $400,000 since 2022. Secret Service agents "are rising to this moment," Rowe said, but "We have to have it every day.
Persons: Donald Trump, Trump, Kenneth Valentine, Valentine, Valentine —, Jeffrey James, , James, there's, Ronald Rowe, Rowe Organizations: Service, Business, Trump International Golf, Secret Service, Department of Homeland Security, Department of, Treasury, DHS, Secret, Walmart, Trump, Department of Homeland
The New York Times reported that "Beetlejuice Beetlejuice" was nearly not released in theaters. The Times reported Warner Bros. wanted to put the film on Max to avoid a box office flop. Tim Burton was asked to cut the budget to $100 million, but the film has already made $264 million. AdvertisementWarner Bros. made director Tim Burton cut the budget for "Beetlejuice Beetlejuice" by almost $50 million in order for it to get a theatrical release, The New York Times reported. "Beetlejuice Beetlejuice" has been September's biggest box office hit.
Persons: Max, Tim Burton, Organizations: New York Times, The Times, Warner Bros, Service, Business
Diddy,’ aka ‘Diddy,’ aka ‘PD,’ aka ‘Love,’ the defendant, abused, threatened, and coerced women and others around him to fulfill his sexual desires, protect his reputation, and conceal his conduct,” the indictment states. The indictment lists eight purposes for Combs Enterprise, including the above-board businesses of operating a media, entertainment, and lifestyle business. Victims and sex workers participated in ‘Freak Offs’The indictment alleges Combs held what he called “Freak Offs,” or elaborate sex performances in which he drugged and coerced victims into extended sex acts with male sex workers. Further, Diddy kept videos he took of his victims engaging in sex acts, sometimes without their knowledge, the indictment states. Meanwhile, the sex trafficking charge is based on allegations against a single, unnamed “Victim-I” from about 2009 up to about 2018, the indictment states.
Persons: Sean “ Diddy ” Combs, Sean Combs, , , ‘ Diddy, Combs, , Diddy, “ Combs, Sean, Casandra Ventura, Cassie, Combs “, Ventura, , Damian Williams, Shannon Stapleton, ’ ” Organizations: CNN, US, Office, of, Bad Boy Entertainment, Combs Enterprise, Reuters Locations: Southern, of New York, Los Angeles, Miami
Read previewA Brazilian mayoral candidate smashed a chair into his opponent during a live debate on Sunday. This story is available exclusively to Business Insider subscribers. "Pablo Marçal was cowardly attacked by José Luiz Datena, who hit him in the ribs with an iron chair," a spokesperson for Marçal told the outlet. He could grow in the polls," Andre Cesar, a consultant and political analyst at Hold Assessoria Legislativa consultancy, told NBC. AdvertisementBoth candidates did not immediately respond to a request by Business Insider for comment.
Persons: , José Luiz Datena, Pablo Marçal, São Paulo, Datena, Marçal, Donald Trump, Ricardo Nunes, Guilherme Boulos, Andre Cesar Organizations: Service, TV Cultura, CNN, NBC, Washington Post, Business, Cultura, New York Times, Libanês Hospital, The Washington Post Locations: São
Read previewWith less than 50 days until the election, Senate Democrats are putting Republicans — and Trump — in the hot seat on IVF. On Tuesday, Senate Democrats are bringing the Right to IVF Act to a second vote, just 3 months after Republicans in the chamber first shot it down. They want to pressure Trump to stand by his promise to support IVF and urge his Republican colleagues to vote in favor. "If Donald Trump and Republicans want to protect people's right to access IVF, they can vote yes on it," Illinois Sen. Tammy Duckworth, who sponsored the legislation, told CBS News. Trump jumped in to voice his support of the procedure, and by May, two GOP senators were introducing a package to protect IVF access, though Democrats rejected it, arguing it didn't go far enough.
Persons: , Trump, Chuck Schumer, Trump's, Kamala Harris, Ohio Sen, JD Vance, Donald Trump, Illinois Sen, Tammy Duckworth, they've, didn't, Schumer Organizations: Service, Republicans —, Trump, Business, CBS News, NBC News, Republican Party, Republicans, Democrats, Alabama Locations: Illinois
1 hits have managed to rule the Billboard Hot 100 for double-digit weeks. Lil Nas X's "Old Town Road" holds the all-time record with 19 weeks atop the chart. AdvertisementThe Billboard Hot 100 is widely considered to be the definitive all-genre singles chart in the US. 1 hits have topped the Hot 100 for 10 weeks or more. All 45 songs that have achieved the feat are listed below, in chronological order.
Persons: Lil Nas, Mariah Carey, Drake, Organizations: Service, Billboard
Amazon is starting a "bureaucracy mailbox" for workers to report inefficiencies. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSometimes, it takes a bit of bureaucracy to trim the bureaucracy. That's the hope, at least, of Amazon's new "bureaucracy mailbox" where workers can flag what CEO Andy Jassy described as "unnecessary and excessive process or rules."
Persons: Andy Jassy, Organizations: Amazon, Service, Business
AdvertisementHere are some mistakes you may be making while photographing the moon and how to fix them, according to two professional astrophotographers. Mistake 1: Taking photos at the wrong timeJon Carmichael captured the moon during a lunar eclipse. The silver lining is you can get better detail because you're shooting through less atmosphere and the photos will be clearer. Taking photos closer to sunset gives you more lighting compared to later at night, which will make taking a cellphone picture easier. "If you're shooting in any kind of auto setting, then you're making the camera decide for you," Carmichael said.
Persons: , Jon Carmichael, astrophotographer Andrew McCarthy, McCarthy, " McCarthy, that's, astrophotographer Jon Carmichael, Carmichael, you'd, supermoons, there's what's, maria, Les Shu, AMAN ROCHMAN Organizations: Service, Business, . Portland Press Herald, Samsung, Android Locations: there's
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, though, I wanted to celebrate with friends and family. My family's trip to Namibia in 2019, booked with Namibia Tours and Safaris, cost $5,000, excluding flights. We found our restaurant tucked down a back street behind the Musée du Louvre, basking in the luminous evening light.
Persons: , waterslides, Emma Morrell, Coeur Organizations: Service, Business, Namibia Tours, Tuileries Locations: Africa, Namibia, Paris, France, Saint, Germain, En, Laye, Lights, Montmartre, Jardin, Europe
I started my career as a solicitor and worked at PwC as part of their legal team in the UK. From my early days at PwC, I felt Big Four businesses operate super efficiently and do fantastic work. We work with organizations to support their early career talent, providing them with training on navigating uncertainties around personal financial literacy and how businesses work. When you're working at Big Four companies, there are all sorts of rules and regulations about the types of investments you're allowed to make because of audit restrictions. I recommend that early career professionals talk to their peers about what works for them from a personal finance position.
Persons: , Carla Hoppe, I've, who've, overspending, PwC, I'd, isn't, Gen Zers Organizations: Service, Big, Business, EY Locations: PwC
X owner Elon Musk, who has endorsed Trump, replied, "And no one is even trying to assassinate Biden/Kamala." Related stories"I don't think this is much more than just confirmation that X is not a place for brands. This year, advertisers slashed their X marketing budgets ahead of major events like the Super Bowl. Musk is still the richest person in the world, with a net worth of about $250 billion, per Bloomberg. AdvertisementSo X may suffer, but Musk will probably come out alright.
Persons: , Donald Trump, Elon Musk, Trump, Biden, Kamala, Tucker Carlson, Brian Morrissey, Digiday, Brendan Gahan, Musk, Musk's, Gahan, bode, Morrissey, he's, haven't, outrageousness, Eric Dezenhall Organizations: Service, Business, LinkedIn, Authority, Disney, Apple, Walmart, Cannes, Street Journal, Twitter, Bloomberg, Dezenhall Resources Locations: South Africa
In a Tuesday interview with CNBC's Jim Cramer, Siemens USA CEO Barbara Humpton detailed how her company's digital twin program lets builders test models virtually before starting production. Based in Germany, Siemens develops hardware and software for several industries like electrical infrastructure and transportation, as well as digital twin technology for manufacturing facilities. Humpton said digital twins produce a "digital representation of any physical object" and incorporate the laws of physics. Humpton highlighted the company's "smart infrastructure" initiative, which she said is Siemens USA's largest and fastest-growing business. Smart infrastructure technology enables widespread electrification and data center creation, she said.
Persons: CNBC's Jim Cramer, Barbara Humpton, Humpton Organizations: Siemens USA, Siemens, NASA, Las Vegas Locations: Germany, Mars, U.S, New York, Los Angeles, North America, United States
CNBC's Jim Cramer on Tuesday pinpointed why he thinks artificial intelligence is useful across the business world, saying its value stems from customer service potential across industries. Cramer gave examples of how AI customer service capabilities could change workflows in several fields, including retail, food service, law and health care. He suggested AI agents could answer patients' questions and free up doctors' time to engage in other pursuits. "AI makes things go faster — everything. It makes things more rational — everything," he said.
Persons: CNBC's Jim Cramer, Cramer, hasn't
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