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☆ Here’s the trade on Rivian ahead of earnings, according to top analysts
▼ + stars: | 2023-08-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

After weaker-than-expected quarterly results from luxury electric vehicle maker Lucid , analysts are now turning their attention to rival Rivian . Analysts polled by FactSet are forecasting an adjusted loss of $1.43 per share on $1.1 billion in revenue. Still, analysts remain bullish on Rivian ahead of its earnings release. Meanwhile, Morgan Stanley's Adam Jonas reiterated an overweight rating on Rivian in a July 7 note, accompanied by a $24 per share price target. Elsewhere, DA Davidson's Michael Shlisky is neutral on Rivian after an upgrade from underperform July 5, with an $18 per share price target that equates to about 26% downside.

Persons: Rivian, Needham's Chris Pierce, Pierce, Morgan Stanley's Adam Jonas, Jonas, Vijay Rakesh, Rakesh, Michael Shlisky, Mercedes EQB, Shlisky, — CNBC's Michael Bloom Organizations: FactSet, Wall, EV, Mizuho Securities

☆ Millennials powered America’s homeownership boom
▼ + stars: | 2023-08-08 | by ( Anna Bahney | ) edition.cnn.com time to read: +7 min

Rather, the homeownership rate measures the percentage of all occupied housing owned by the occupants, as opposed to occupied by renters. By 2022, the US homeownership rate was 65.8%, up from 64.6% in 2019. Homeownership rates dipped as low as 63.4% following the foreclosure crisis that began in 2004 and the Great Recession that began in 2008. Homeownership rates have recovered just half of the 5.6% drop in homeownership between 2004 and 2016. Between 2016 and 2019, the homeownership rate increased for buyers under 55, according to the Census Bureau.

Persons: Yue, Chris Parsons, —, ”, Yue Parsons, — Parsons, Parsons, We’re, Jessica Lautz Organizations: Washington CNN, Census, National Association of Realtors, NAR Locations: New York City, Manhattan, United States, homebuying, San Francisco, New York, Austin , Texas, Miami, Phoenix, homeownership

WASHINGTON, Aug 8 (Reuters) - U.S. regulators on Tuesday hit another batch of Wall Street firms with $549 million in civil penalties over widespread record-keeping failures related to employees' use of personal text messages and other messaging apps. Eleven firms, including Wells Fargo Securities and BNP Paribas Securities Corp, have agreed to pay $289 million in fines to the U.S. Securities and Exchange Commission to resolve the allegations. Regulators require broker dealers and investment advisers to keep certain work-related communications, but Wall Street dealers have increasingly used personal devices in recent years. Spokespeople for BNP, which agreed to pay $110 million to the regulators, and Mizuho, which agreed to pay $25 million to the SEC, declined to comment. The regulators have already fined units of JPMorgan Chase and Co (JPM.N), Barclays, Bank of America and others for similar record-keeping failures.

Persons: Wells, Société, Spokespeople, Gurbir Grewal, Chris Prentice, Susan Heavey, Nivedita Balu, Nupur Anand, Saeed Azhar, Bernadette Baum, Jason Neely Organizations: Wall Street, Wells, Wells Fargo Securities, BNP Paribas Securities Corp, U.S . Securities, Exchange Commission, Futures Trading, BNP, Bank of Montreal, Wedbush Securities Inc, Wall, SEC, CFTC, Mizuho, Nikko Securities, JPMorgan Chase, Barclays, Bank of America, Reuters, Thomson Locations: U.S, Wells Fargo, Nikko, New York, Washington, Toronto

☆ Ukraine desperately wants F-16s because without them all it has are Soviet-era fighter jets that simply aren't cutting it
▼ + stars: | 2023-08-07 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Ukraine has long sought F-16s, believing the Western fighter jets would be a boon to their arsenal. Danil Shamkin/NurPhoto via Getty ImagesUkraine is currently flying Soviet-made MiG-29 and Su-27 multirole fighters against a larger and technologically superior Russian air force. The aircraft are underdogs compared to Russian fighter aircraft like the MiG-31s and Su-25s, which feature advanced radars that allow them to see and locate targets further away, among other higher-end capabilities. Ukraine's been operating much of its air force from "remote locations, places that the Russians wouldn't expect," Tannehill added. One of the biggest challenges for the Ukrainian air forces has been Russia's formidable air defenses, which have kept much of Kyiv's air force far from the front lines.

Persons: Justin Bronk, Danil, Tannehill, Taylor Crul, they'd, Joe Biden, Abrams, It's, Bronk, they're Organizations: Service, Ukraine, Soviet, Royal Norwegian Air Force Academy, Royal United Services Institute, NATO, Ukrainian Air Force, Getty Images, US Navy, Kyiv, Patriots, US Air Force, Falcon, White House, Pentagon, AIM, Air Missile, Air Force, Reuters Locations: Ukraine, Soviet, Wall, Silicon, Ukrainian, Vasylkiv, Kyiv, Getty Images Ukraine, Russian, Russia, Moscow, Taylor Crul Ukraine

☆ Record temperatures, plus Barbie, help to drive record movie box office
▼ + stars: | 2023-08-05 | by ( Ellie Stevens | ) edition.cnn.com time to read: +5 min

Advertisements for the films "Oppenheimer" and "Barbie" appear at AMC Theaters at The Grove on Thursday, July 20, 2023, in Los Angeles. Chris Pizzello/APThis summer, scorching heat waves are helping take the movie box office to new levels. Movie-theater air conditioning is generally silent, powerful and adapts quickly to temperature swings. Within 5 years of the introduction of air conditioning in movie theaters in the 1920s, Basile said, 3,000 movie theaters were forced to put it in just to keep up with the industry. “Before air conditioning existed in movie theaters, summer was considered the dead season.” Not anymore.

Persons: “ Oppenheimer, “ Barbie, Hope Torres, —, ” Torres, Oppenheimer, Chris Pizzello, Barbie ”, ”, Shawn Robbins, Tyler Whitmore, ‘ Oppenheimer ’, ” Whitmore, Salvatore Basile, “ Oppenheimer ”, Eric Thayer, Basile, Michael O’Leary, Jeff Yanc, John Carpenter’s, ” Yanc Organizations: CNN, Maya Cinemas, AMC Theaters, AMC, Sunday, Boxoffice, ”, Hollywood, Regal Cinemas, Warner Bros . Pictures, Warner Bros ., TCL, Bloomberg, Getty, AC, National Association of Theater, Mushroom People Locations: Maya Cinemas Fresno, Fresno , California, California, Grove, Los Angeles, Phoenix , Arizona, Arizona, Los Angeles , California, Cineworld, Tucson , Arizona

A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoNEW YORK, Aug 4 (Reuters) - Coinbase Global (COIN.O) on Friday asked a judge to end the U.S. Securities and Exchange Commission's lawsuit accusing the world's largest publicly traded cryptocurrency exchange of violating federal securities laws. Coinbase was sued by the SEC in June, and accused of operating illegally as a national securities exchange, broker and clearing agency without registering with the regulator. Firms are closely watching the litigation between the SEC and Coinbase, with some onlookers deeming it an "existential" clash. Coinbase leaned on the recent Ripple matter in Friday's filing, noting the SEC's lawsuit hinges on the type of transactions that the judge deemed outside of the regulator's jurisdiction.

Persons: Dado Ruvic, Coinbase, Paul Grewal, Chris Prentice, Toby Chopra, Jonathan Oatis Organizations: REUTERS, U.S . Securities, Exchange, SEC, Labs, Thomson Locations: Manhattan

The squeeze has already claimed its first casualty in electric truck maker Lordstown Motors (RIDEQ.PK), which filed for bankruptcy in June. Companies including Lucid (LCID.O) and Nikola (NKLA.O) are likely to report another quarter of steep cash burn, as they continue to struggle with production and demand. Nikola, which reiterated a going-concern warning in May, is expected to report a 15% decline in revenue and widening losses on Friday. Its shares have rallied nearly 40% this year as the company attempts to reduce its cash burn with layoffs and the liquidation of a recently acquired battery business. But the company missed its production target in the quarter due to a parts shortage.

Persons: Thomas Peter, Tesla, Nikola, Thomas Hayes, Hayes, Needham, Chris Pierce, Akash Sriram, Sayantani Ghosh, Devika Organizations: REUTERS, Ford, Lordstown, Rivian, Visible Alpha, Saudi Arabia's Public Investment Fund, Thomson Locations: Beijing, China, Bengaluru

☆ Russia is only giving Ukrainians certain medicines unless they get Russian citizenship, Yale report says
▼ + stars: | 2023-08-03 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Russian authorities are reportedly only giving Ukrainians certain medicines if they get citizenship. The report says Ukrainians in occupied territories are choosing between Russian citizenship and forgoing care. UK intel previously reported that Russia was forcing occupied Ukrainians to get Russian passports. The Yale Humanitarian Research Lab report, published Wednesday, said Russia's forces in certain occupied areas of Ukraine "have made access to certain medicine and medical care conditional on accepting Russian citizenship." If Ukrainians refuse Russian citizenship, the denial of care "could cause death," the report added.

Organizations: intel, Service, Yale Humanitarian Research, Russian Locations: Russia, Wall, Silicon, Ukraine, Zaporizhzhya, Kherson, Russian

An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File PhotoBOSTON, Aug 3 (Reuters) - Massachusetts securities regulators have opened an investigation into the ways in which investment firms use artificial intelligence in their interactions with investors, citing concerns about the technology's potential unchecked use. Others who received letters included Tradier Brokerage, US Tiger Securities, E*Trade, Savvy Advisors and Hearsay Systems, according to a spokesperson for Galvin, a long-serving Democrat and prominent state securities regulator. "If deployed without the guardrails necessary to ensure proper disclosure and consideration of conflicts, I am concerned that this technology could result in harm to investors," Galvin said in a statement. The investigation came a week after the U.S. Securities and Exchange Commission proposed requiring broker-dealers to eliminate possible conflicts of interest from the use of artificial intelligence on trading platforms.

Persons: Aly, Bill Galvin, Morgan Stanley, Galvin, Nate Raymond, Chris Prentice, Mark Porter, Andrea Ricci Organizations: Artificial Intelligence, REUTERS, BOSTON, JPMorgan Chase, US Tiger Securities, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Shanghai, China, Massachusetts, Boston, Washington

☆ Striking photos of the Ukraine war's front-line trenches echo scenes from the World Wars
▼ + stars: | 2023-08-03 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Ukrainian and Russian forces have dug sprawling trenches along the front lines of the war. The trenches echo scenes from bloody combat of World War 1 and World War 2. Take a look at photos comparing trench warfare in Ukraine today and the historic World Wars. These winding trenches hinder advances by enemy troops and protect defenders, zig-zagging and crossing the battlefield, and in some respects, they're strikingly reminiscent of scenes of trench warfare from World War I and World War II, showing the enduring presence of this type of fighting. The following photos show the front-line trenches in Ukraine today, where the most devastating land war in decades is being fought, and those of two of the 20th century's worst conflicts.

Organizations: Service Locations: Ukraine, Wall, Silicon, Bakhmut, French

☆ Tanya Chutkan, the judge assigned to Trump's latest indictment, ruled against him before, writing 'Presidents are not kings, and Plaintiff is not President.'
▼ + stars: | 2023-08-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

US District Judge Tanya Chutkan has been assigned to the 2020 election fraud case against Trump. Chutkan has gained a reputation for tough sentences against Jan. 6 Capitol rioters. She previously rejected Trump's request to block Jan. 6 records being released to a House committee. Then, in a now iconic line, Chutkan said: "Presidents are not kings, and Plaintiff is not President." Amanda Andrade-Rhoades/For The Washington Post via Getty ImagesChutkan also has a consistent record of throwing the book at convicted January 6, 2021, rioters, often more than other judges serving in DC's federal trial court.

Persons: Tanya Chutkan, Chutkan, Jan, Donald Trump's, she's, Barack Obama, Joe Biden, Amanda Andrade, Rhoades, didn't Organizations: Trump, Capitol, Service, National Archives, Washington, Getty, Justice Department, Politico Locations: Wall, Silicon, Washington , DC

☆ Exiled Wagner mercenaries are training Belarusian troops in what may signal Putin's puppet next door is cutting some of the strings
▼ + stars: | 2023-08-02 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +10 min

Wagner Group mercenaries cast into exile in Belarus have been training the country's soldiers. The increased military training suggests that Putin's influential grip on Belarus may be waning. "The Wagner Group's new role in Belarusian company-level training is notable," the ISW analysis said. Shortly after that, Wagner troops began training internal troops, the Belarusian Deputy Commander of the Internal Troops confirmed on July 25. Lukashenko, meanwhile, has praised the Wagner fighters and welcomed the military training with open arms.

Persons: Wagner, Vladimir Putin, Alexander Lukashenko, Lukashenko, Yevgeny Prigozhin, Prigozhin, Eager, Russian Wagner, ISW, George Barros, Wagner's, Barros, Putin, Belta, John Kirby, We're, Kirby Organizations: Service, Kremlin, Wagner Group, Belarusian Defence Ministry, REUTERS, Russian, Institute for, Belarusian, Sputnik, Internal Troops, Belarus ' Defense Ministry, Special Operations Forces, AP, Moscow, Ukrainian, Minsk, White, National Security, NATO Locations: Belarus, Russia, Wall, Silicon, Belarusian, Asipovichy, Minsk, Russian, Brest, Washington, DC, wean, Moscow, Ukraine, Sochi, Kremlin, Africa, Poland, Lithuania

☆ Elon Musk's X is now letting Blue subscribers hide their once coveted 'blue checks' as users continue to mock them
▼ + stars: | 2023-08-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

X— formerly known as Twitter — is now letting Blue subscribers hide once coveted "blue checks." X, the site formerly known as Twitter, is now letting its Blue subscribers hide the once coveted verification "blue check" — the status symbol they pay $8 a month for — on their account. But perhaps most importantly, subscribing to X Blue gives users a "blue check" mark, verifying their account. Now, X Blue is letting subscribers hide that mark. In November, he announced the Blue subscription plan, saying Twitter's previous "lords & peasants system for who has or doesn't have a blue checkmark is bullshit."

Persons: Elon Musk, X, Elon, he's, Lili Reinhart, Stephen King Organizations: Twitter, —, Blue Locations: Elon Musk's

☆ US regulator warns brokers to bolster anti money-laundering efforts
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. Such firms are required to flag suspicious transactions and conduct customer due diligence. Regulators found some broker dealers did not conduct tests of their anti-money laundering programs in a timely manner or did not do comprehensive testing of these policies, the SEC said. The SEC, which did not name any firms in its notice, also found that some firms had not updated their programs in line with new regulations. Reporting by Chris Prentice; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly NEW, Chris Prentice, Diane Craft Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Andrew Kelly NEW YORK, Thomson Locations: Washington ,

☆ Ukrainian tanks are being wiped out by Russian minefields. The country needs its own 'Manhattan Project' to figure out how to clear them, a retired general told the NYT.
▼ + stars: | 2023-08-02 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

The Ukrainian military might need to create its own solutions, a retired army general told the Times. Ukraine uses the US-provided M58 Mine Clearing Line Charge (MICLIC) systems, which Zaluzhny told the Post "are also being destroyed," per the Post. "Ukraine needs a Manhattan Project for mine clearing," Ryan told the Times, referring to the US project to build the world's first atomic bomb during World War 2. Beyond the minefields, the two-month offensive to take back territories claimed by Russia has become a significant challenge for Ukrainian troops dealing with heavily fortified defenses from their opponents. At the same time, Ukrainian troops waited for weapons from the West.

Persons: Valery Zaluzhny, Mick Ryan, Zaluzhny, Ryan, George Barros, Insider's Chris Panella Organizations: Times, Service, The New York Times, Washington Post, Lowy Institute, Russian, Project, Institute for, Ukraine Ministry of Defense Locations: Ukrainian, Wall, Silicon, Ukraine, Western, Australian, Russia

☆ Ukraine's offensive has a problem: Russia knew what was coming and was given way too much time to figure out how to beat it
▼ + stars: | 2023-08-01 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Ukraine has received various Western tanks, weapons systems, fighting vehicles, and armor. But Russia has often sidelined the assets with trenches, anti-tank mines, and fortified defenses. An expert told Insider the West's piecemeal rollout gave Russia time to adapt to each weapons system. Landmines, booby traps, and trip wires are a favorite Russian tactic, turning Ukraine's environment against Kyiv's own troops. To deal with Ukraine's mine clearers and sappers, Russia has stacked anti-tank mines to destroy de-mining equipment that can only handle so much explosive force.

Persons: George Barros, Thomas Alvarez, Joe Biden, They've, Abrams, Mykhailo Podolyak, Barros, Serhii, we've, Bradley, they're, Viktor Fridshon, Ritzau Scanpix, It's Organizations: Service, Russian, Ukraine, Institute for, M1A2 Abrams Tanks, 116th Cavalry Brigade Combat, Idaho Army National Guard, Orchard Combat Training, Pentagon, Getty, Ukrainian National Guard Locations: Ukraine, Russia, Wall, Silicon, Russian, Moscow, Soviet, Odesa, AFP

☆ US SEC says Hex crypto founder defrauded investors, spent money on 'Enigma' diamond
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +1 min

In a complaint filed in Brooklyn federal court, the SEC said Heart, also known as Richard Schueler, touted his Hex token, PulseX asset trading platform and PulseChain asset network on YouTube and other websites as pathways to "grandiose wealth." The SEC accused Heart of spending investor funds on McLaren and Ferrari sports cars, four Rolex watches and "The Enigma," which cost 3.16 million British pounds (then $4.28 million) at auction and was purportedly the world's largest black diamond. Heart, 43, is a U.S. citizen believed to live in Helsinki, Finland, the SEC said. He did not immediately respond to a request for comment through LinkedIn. Hex, PulseX and PulseChain are also defendants.

Persons: Richard Heart, Richard Schueler, Jonathan Stempel, Chris Prentice, Katharine Jackson, Ismail Shakil, Will Dunham, Mark Porter Organizations: YORK, U.S . Securities, Exchange Commission, SEC, YouTube, McLaren, Ferrari, Rolex, Thomson Locations: Brooklyn, U.S, Helsinki, Finland, New York

☆ What is a UAP? What the acronym means, why they're different from UFOs, and what a Congressional hearing revealed
▼ + stars: | 2023-07-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Recent testimonies before Congress and meetings with NASA have renewed interest in UAPs and UFOs. There are differences between UAPs and UFOs, especially related to potential proof of alien life. Here's everything you need to know about UAPs and UFOs — including what they stand for. The transition from using UFO to UAP was to better encompass a variety of phenomena and strange sightings. Bettmann/Getty ImagesUAP vs. UFOUFO — which stands for "unidentified flying object" — was coined by the Air Force in 1952.

Persons: David Grusch's, Kenneth Arnold, Nev, John Locher, David Fravor, Ryan Graves, Graves, Fravor, UAPs, — Organizations: NASA, Service, Air Force, UAP, CNN, Department of Defense, Pentagon, Getty, Military, Navy, Force, AP, New York Times Locations: Wall, Silicon, San Diego, Roswell , New Mexico, Rachel

☆ Video shows a Ukrainian drone slam into a Russian thermobaric rocket launcher, triggering a massive explosion
▼ + stars: | 2023-07-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

A new video shows a Ukrainian drone hitting a Russian thermobaric rocket launcher. Zaitseve, Donetsk Oblast, a Ukrainian FPV loitering munition hits the launcher of a Russian TOS-1 MRL. The consequence of an RPG-sized warhead hitting roughly 24 MO.1.01.04 220mm thermobaric rockets isn't surprising. Host photo agency/Ramil Sitdikov via REUTERSIt's not the first time Ukraine has touted the destruction of a TOS-1 rocket launcher. Back in February, Kyiv shared a video of an reported destruction of a Russian thermobaric rocket launcher in the Donetsk region of Ukraine.

Persons: OSINTtechnical, Oliver Alexander, Sitdikov, REUTERS It's Organizations: Service, Center for Naval, REUTERS Locations: Ukrainian, Russian, Wall, Silicon, Zaitseve, Donetsk Oblast, Red, Moscow, Russia, Ukraine, Kyiv, Donetsk, Soviet

☆ Trump had his 'body man' travel to Mar-a-Lago to figure out how to delete security footage of classified documents, DOJ alleges in new charges
▼ + stars: | 2023-07-28 | by ( Lloyd Lee | Chris Panella | ) www.businessinsider.com time to read: +4 min

The Justice Department filed new charges to the Trump classified documents case on Thursday. Trump was previously hit with 37 criminal counts related to the handling of classified records. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Two of those charges include obstruction of justice stemming from the DOJ's allegations that the former president asked De Oliveira to delete surveillance footage at his Mar-a-Lago resort. Trump's campaign called the new charges "a continued desperate and flailing attempt" by the Biden administration and the DOJ to harass Trump.

Persons: Trump, Donald Trump, Jack Smith's, Carlos De Oliveira, Waltine, Nauta, De Oliveira, Walter, Peter Carr, De Oliveira's, Biden Organizations: Department, DOJ, Service, Mar, Department of Justice, US Navy, White, Technology, Southern District of Locations: Wall, Silicon, Lago, Trump, Illinois, Florida, Mar, Southern District, Southern District of Florida

☆ A convicted Jan. 6 rioter says he threw up on the Capitol building because he drank too much peach schnapps, inhaled tear gas, and was out of shape
▼ + stars: | 2023-07-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

A convicted Jan. 6 rioter says he threw up on the Capitol building because he drank too much peach schnapps. Zachariah Sattler, 36, also allegedly smoked weed in the US Capitol building and bragged about it. Sattler wrote in a letter to a judge that he was out of shape and had inhaled tear gas when he vomited at the riot. Those actions, prosecutors allege and Sattler admits to, include throwing up outside the Capitol and smoking weed inside the building. After Jan. 6, Prosecutors say Sattler "bragged about his presence at the Capitol to others, specifically noting that he smoked marijuana while inside the Capitol."

Persons: Jan, rioter, Zachariah Sattler, Sattler, Prosecutors, that's Organizations: Capitol, Service, Prosecutors Locations: Wall, Silicon, Maryland

☆ Kim Jong Un showed Russia his arsenal of nuclear weapons, the newest of which is among North Korea's most dangerous missiles
▼ + stars: | 2023-07-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Kim Jong-Un showed off his arsenal, including North Korea's newest ICBM, a powerful missile that is among the most troubling. And part of the jam-packed state visit's agenda included Kim Jong Un showing off his arsenal of missiles capable of carrying nuclear warheads, including its newest ballistic missile achievement. On Thursday, Kim met with Russian Minister of Defense Sergei Shoigu to discuss military and security issues, according to North Korean state media. North Korea hasn't conducted a nuclear test since 2017, so it's unclear what the priorities and timeline of their program are. It's also currently unclear whether Russia and China's visit this week could potentially conclude with a demonstration of the Hwasong-18 missile or other military assets.

Persons: Kim Jong, Kim, Sergei Shoigu, North Korea hasn't, Ian Williams, REUTERS Kim, It's, China's Organizations: Service, Russian, UN, Getty, Missile Defense, CSIS, REUTERS, Korean Locations: Korea, Russian, North, Wall, Silicon, Korean, Russia, China, North Korea

NEW YORK, July 26 (Reuters) - British billionaire Joe Lewis has surrendered to U.S. authorities in Manhattan and is expected to appear in court later on Wednesday to face insider trading charges, a spokesperson for the U.S. Attorney's office in Manhattan said. Two of Lewis' pilots, Patrick O'Connor and Bryan Waugh, were also charged with insider trading securities fraud. Joe Lewis is a wealthy man," Damian Williams, the U.S. Attorney in Manhattan, said in a statement. Insider trading has long been a focus of Williams' office, dating to 2009 when a crackdown began under one of his predecessors, Preet Bharara. Separately on Wednesday, the U.S. Securities and Exchange Commission filed a civil insider trading case against Lewis, O'Connor, Waugh and Lewis' then-girlfriend Carolyn Carter.

Persons: Joe Lewis, Lewis, Patrick O'Connor, Bryan Waugh, David Zornow, O'Connor, Waugh, O'Connor texted, Mirati, Daniel Levy, Dylan Martinez, Damian Williams, Williams, Preet Bharara, Carolyn Carter, Carter, Gurbir Grewal, Luc Cohen, Jonathan Stempel, Chris Prentice, Chizu Nomiyama, Daniel Wallis Organizations: YORK, U.S, Tottenham Hotspur, Tottenham, Prosecutors, Mirati Therapeutics, Southampton Premier League, Reuters, Tavistock Group, Forbes, Attorney, U.S . Securities, Exchange Commission, SEC, Thomson Locations: British, U.S, Manhattan, United States, New York, Virginia

☆ The US military once detonated a nuclear bomb directly above the heads of 5 officers
▼ + stars: | 2023-07-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

On July 19, 1957, the Nevada Test Site conducted a test of an unguided nuclear air-to-air rocket. "My only regrets right now," Col. Bruce says, "are that everybody couldn't have been out here at ground zero with us." "I had a call saying they needed me out for a special test," Yoshitake said, according to The Rafu Shimpo, a bilingual Japanese-English newspaper. "I found out when I got to Nevada that I was going to be standing at Ground Zero. Yoshitake developed stomach cancer.

Persons: Christopher Nolan's, Oppenheimer, —, John, Sidney Bruce, Frank Ball, Bodie, Bodinger, John Hughes, Don Luttrell — weren't, it's, George Yoshitake, Col, Bruce, couldn't, Yoshitake, hadn't, videographers Organizations: Five Air Force, Service, Soviet Union, Popular, US Air Force, NPR, Popular Mechanics, Genie, Fox News, Air Force, New York Times Locations: Wall, Silicon, Nevada, Soviet

☆ Putin is trying to flex his influence in Africa, but countries are giving him the cold shoulder
▼ + stars: | 2023-07-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Putin is hosting a critical summit with African leaders this week in St. Petersburg, Russia. But only a handful of attending nations are sending their heads of state or leaders. Isolated by the war in Ukraine, Putin seeks to grow influence and support on the African continent. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. On Thursday, Putin will meet with 49 representatives from African nations at the second Russia-Africa summit.

Persons: Putin, Vladimir Putin's, Yuri Ushakov, Dmitry Peskov Organizations: Service, Moscow Times, Reuters, Ukraine, Wagner Group, Central African, Wall Street Journal, Foreign Relations Locations: St . Petersburg, Russia, Ukraine, Wall, Silicon, Africa, Egypt, South Africa, Uganda, Libya, Mali, Sudan, Central African Republic

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