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☆ Apollo CEO Marc Rowan defends private credit from Jamie Dimon, saying shadow banking 'makes the system safer.'
▼ + stars: | 2024-05-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Tighter bank lending means more opportunities for private lenders to lend and make outsize returns on their loans. Financial industry titans Jamie Dimon and Marc Rowan have been trading opposing views on the burgeoning sector for the last year. Last year, Rowan responded to Dimon's comments that higher capital requirements for banks had private lenders like Apollo "dancing in the streets." AdvertisementRowan on Thursday responded by saying that the private-credit industry helps reduce systemic risk caused by the traditional banking industry. "Jamie is an amazing representative of the banking industry," Rowan said.

Persons: —, Jamie Dimon, Marc Rowan, Dimon, JPMorgan Chase, Rowan, Apollo, Jamie, Blackstone, — I've, Bernstein, Dimon's Organizations: Service, Financial, JPMorgan, Business, Bank of America Global Research, Apollo Locations: New York City

☆ Trump Had Good Fortune So Far With His Four Cases. Then Came a Verdict.
▼ + stars: | 2024-05-30 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

Donald J. Trump’s run of luck in his criminal cases has expired. Before the conviction on Thursday in Manhattan, the former president had drawn what some of his closest advisers regarded as a defense lawyer’s equivalent of an inside straight: something close to perfection. Mr. Trump had lost civil cases with costly damages, but the four criminal cases that threatened his freedom were stumbling along so badly that his advisers were often incredulous at his good fortune. In the Georgia case, the prosecutor who had charged Mr. Trump as part of a conspiracy to overturn the 2020 election was caught in a romantic affair with the man she had hired to help her prosecute Mr. Trump. And with the federal charges over his efforts to disrupt the peaceful transfer of power, the Supreme Court has significantly narrowed the chances of a trial before the election, having taken up the presidential immunity arguments put forth by Mr. Trump’s lawyers.

Persons: Donald J, Trump’s, Trump, Mr Organizations: Trump Locations: Manhattan, Florida, Georgia

☆ Alito tells lawmakers he will not recuse from Supreme Court cases despite flag controversy
▼ + stars: | 2024-05-29 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

“The two incidents you cite do not meet the conditions for recusal,” Alito wrote in a letter distributed by the Supreme Court. Supreme Court justices rarely get into a back-and-forth with lawmakers and many members of the court do not explain their reasons for recusing – or not. Video Ad Feedback See how GOP lawmakers reacted to Judge Alito's flag controversy 01:24 - Source: CNNThe Supreme Court is weighing major cases tied to the 2020 election and the attack on the US Capitol. From Google“I had no involvement in the decision to fly that flag,” Alito wrote. Justice Alito also told Fox News the neighbor used the term “c*nt” at one point during the exchanges.

Persons: Samuel Alito, ” Alito, Alito, recusing, Alito's, Donald Trump’s, Jack Smith’s, “, –, Martha, Ann Alito, Samuel Alito's, Illinois Sen, Dick Durbin, ” Durbin, ”, ” Sen, Sheldon Whitehouse, Clarence Thomas ’, —, Sen, Richard Blumenthal, CNN’s Kaitlan Collins, John Roberts, Thomas, Hank Johnson, Alito’s, ” Johnson, Trump, Justice Alito, “ Alito, SCOTUS, Roe, Wade, CNN’s Piper Hudspeth Blackburn, Kate Sullivan, Jack Forrest, Morgan Rimmer, Tierney Sneed, Holmes Lybrand Organizations: CNN, Supreme, Trump, US Supreme, Google, ’, recusal, Democratic, Illinois Democrat, Rhode Island Democrat, Connecticut Democrat, Georgia Democrat, United States Supreme, New York Times, Fox News, Times, Republicans Locations: Alexandria, Virginia, New Jersey, Long Beach, Illinois, Connecticut, Georgia, House

☆ More people will never own a home — they're the 'forever renters'
▼ + stars: | 2024-05-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

These "forever renters" vary widely in their reasons for not pursuing home ownership. Others prefer the flexibility to move and freedom from ownership costs that renters enjoy. Homeownership and renting have numerous pros and cons, making it hard to say whether forever renters are acting shrewdly or making a big mistake. Renters avoid large down payments and the varying costs of homeownership, such as mortgage payments, taxes, maintenance, and repairs. It's also cheaper to change the place you're renting than the place you're buying because of real-estate agent fees."

Persons: —, Grant Wilson, Eunjee Kwon, David Brasington, Kautz, There's, Colin Lizieri, they've Organizations: Service, Business, University of Regina, University of Cincinnati, University of Cambridge Locations: Germany, Switzerland

☆ Sean ‘Diddy Combs’: A federal grand jury may soon hear from accusers
▼ + stars: | 2024-05-29 | by ( Elizabeth Wagmeister | Josh Campbell | ) edition.cnn.com time to read: +7 min

CNN —Federal investigators are preparing to bring accusers of music mogul Sean “Diddy” Combs before a federal grand jury, two sources familiar with the probe tell CNN — signaling the US Justice Department is moving toward potentially seeking an indictment of Combs. Combs has been named in eight civil lawsuits since November – seven directly accusing him of sexual assault. One of the eight lawsuits, filed by former girlfriend Cassie Ventura, has been settled. Now, additional sources told CNN that the majority of the plaintiffs who have filed civil suits against Combs have been interviewed by federal investigators. Federal investigators are now “digging deeper,” and some of the accusers have been questioned numerous times, a source said.

Persons: Sean “ Diddy ” Combs, Combs, Cassie Ventura, Christian Combs, Sean Combs, ”, Sean, Diddy, HSI, “, they’ve, Lampros, Crystal McKinney, Joi Dickerson, Neal, Dickerson Organizations: CNN, Federal, US Justice Department, Bad Boy Records, Homeland Security Investigations, Combs, Feds, Department of Homeland Security, KCBS CNN Locations: New York City, Los Angeles, Miami

☆ Bob Menendez: 4 questions that could determine his legal – and political – fate
▼ + stars: | 2024-05-28 | by ( Gregory Krieg | ) edition.cnn.com time to read: +8 min

Prosecutors from the Southern District of New York are fighting a legal battle on two fronts. The government’s ability to sketch a clear and convincing picture for the jury despite these growing constraints will likely determine Menendez’s legal fate. “(She) communicated with the bribe payers, she passed messages to Menendez, and she collected some of the bribes,” Pomerantz said. Rob Menendez – rotten to the core.”Menendez Jr. directly addressed that line of attack in a recent spot of his own. But for Menendez, the senator and father, the will of the 8th District’s primary voters could weigh heavily on his political future – and legacy.

Persons: New Jersey Sen, Bob Menendez, Sidney Stein, Stein, Menendez, Prosecutors, –, Menendez –, Will Menendez, Donald Trump, Nadine, Nadine Menendez, Avi Weitzman, “, Lara Pomerantz, ” Pomerantz, ”, Rob Menendez Jr, Ravi Bhalla, Bhalla, Rob Menendez, Rob Menendez –, ” Menendez Jr, That’s, ” Menendez, “ I’m Organizations: New, New York CNN, New Jersey Democrat, Southern, of, US, McDonnell, United, Manhattan Criminal, Congressional, Democratic, Hoboken, Garden State Democrats ’ Locations: New York, New Jersey, Manhattan, Hudson, of New York, United States, Lower Manhattan, North Jersey’s, “ Jersey

☆ US box office on track to have worst Memorial Day weekend since 1995
▼ + stars: | 2024-05-27 | by ( Eva Rothenberg | Alicia Wallace | ) edition.cnn.com time to read: +8 min

CNN —The summer movie season typically starts with a bang during the month of May and, particularly, during Memorial Day weekend. Memorial Day weekend (Friday through Monday) movie ticket sales are estimated at $128.3 million, according to Comscore data provided to CNN. In fact, the US box office is on track to have its lowest-grossing Memorial Day weekend since the $117.1 million seen in 1995, when “Casper” haunted the screens — and that’s not even adjusting for inflation. The tepid Memorial Day weekend continues what’s been a lukewarm start to the summer box office, a movie-going season that’s still reeling from the effects of last year’s Hollywood strikes. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond.

Persons: it’s, ”, “ Casper ”, that’s, ” Paul Degarabedian, Comscore, “, Max, what’s, ” Dergarabedian, “ Barbie ”, “ Oppenheimer ”, Shawn Robbins, there’s, Degarabarian, Deadpool, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Robbins, “ That’s, ’, ” Robbins Organizations: CNN, Guild, SAG, Labor, “, Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: United States, “

☆ My ex and I had a nesting divorce. We all lived in the house during the week and alternated staying at an apartment on weekends.
▼ + stars: | 2024-05-26 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +5 min

At the time, we were living in a large house with our three children, the youngest of whom was 6. We decided to try nestingSince the house was large, we started by taking different bedrooms in the house and splitting our time with the kids. Related storiesDuring the week, when we were both staying in the large house in different bedrooms, we hardly saw each other, but when we did, we were very amicable with one another. Most of their friends either had married parents who lived together, or divorced parents who lived separately. AdvertisementThey also had to move out of this very large home they'd lived in since babies, into two smaller houses.

Persons: Mitzi Campbell, — Organizations: Service

☆ The summer box office is playing catch-up after a rough start to the year
▼ + stars: | 2024-05-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

New York CNN —The summer box office is off to a lukewarm start. Last summer, blockbusters “Barbie” and “Oppenheimer” combined added nearly a billion dollars to the domestic box office, according to Comscore data. “Barring some major overperformances, this summer looks like it’ll be down 20% to 25% in box office grosses between May and August from last year,” said analyst Shawn Robbins, founder and owner of Box Office Theory. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond. “Box office earnings have been down largely because of staggered gaps between widely appealing releases in the first half of the year,” said Robbins.

Persons: “ Barbie ”, “ Oppenheimer ”, “, Max, ” Paul Dergarabedian, ”, Shawn Robbins, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Deadpool, Robbins, “ That’s, ’, ” Robbins Organizations: New, New York CNN, Guild, SAG, CNN, Labor, “, Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: New York, United States, “

☆ If Live Nation gets busted up by the feds, we’ll have Taylor Swift to thank
▼ + stars: | 2024-05-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“It is time to break it up.”It is difficult to overstate just how thoroughly Live Nation, which acquired Ticketmaster more than a decade ago, controls live entertainment in America. Through Ticketmaster, Live Nation controls 80% of venues’ primary ticketing for concerts. There’s a fine line between vertical integration and all-out monopoly, and Live Nation is, at minimum, very clearly toeing it. Artists, fans and venues have been complaining about Live Nation and Ticketmaster pretty much since they agreed to merge in 2009. Live Nation, Wolfson said, is likely to come out swinging.

Persons: CNN Business ’, Caitlin Clark, wasn’t, General Merrick Garland, Swift, Taylor, Sen, Richard Blumenthal, Garland, Swiftie, ” Adam Wolfson, Quinn Emanuel, Eventbrite, Wolfson, … we’re, there’s Organizations: CNN Business, New York CNN, Justice Department, Ticketmaster, DOJ, Artists, Senate, Democrats Locations: New York, United States, America, North America, “

☆ What it’s really like to live in Antarctica
▼ + stars: | 2024-05-23 | by ( Lilit Marcus | ) edition.cnn.com time to read: +14 min

The Minnesota native first went to the White Continent in 2007 to work as a janitor at McMurdo Base, one of the three US outposts there. She was one of half-a-dozen people staffing the world’s southernmost post office, UK-administered Port Lockroy. Counting penguins is one of the roles Port Lockroy staff have during their time in Antarctica. Once you get the Antarctica bug, Long and Nelson say, it’s pretty hard to get rid of. In a fast-paced globalized world where everyone is on their phones all the time, Antarctica offers a rare opportunity to live a different kind of life.

Persons: United States –, Keri Nelson, Amundsen, ” Nelson, “, McMurdo, Palmer, Evan Townsend, ” Keri Nelson, ”, Nelson, Scott Base, –, Scott, Keri Nelson “, Chris Long, Long, Laura Bullesbach, Bridie Martin, Laura Bullesbach doesn’t, you’re, You’re, Port Lockroy, Bullesbach, Clare Ballantyne, ” Long, Keri Nelson Long, he’s, vacationer, ” Klaus Dodds Organizations: CNN, United, Antarctic, Minnesota, Base, Scott, Palmer, grownups, McMurdo Base, McMurdo, US, Geographic, Pole, Ocean, Scott Base, Port, Lockroy, Port Lockroy, Electronics, University of London Locations: Antarctica, Chile, Japan, Australia, United States, McMurdo, New, Ross, Amundsen, New Zealand, Russian, South America, Port Lockroy, Lockroy, Port, Denver, China

☆ OpenAI's defense: We're not liars; we're just incompetent. Yikes!
▼ + stars: | 2024-05-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Earlier this week, the consensus around OpenAI was that the company was a lying, rapacious soul stealer. A company that wanted to use Scarlett Johansson to promote its product — and when she declined, went ahead and did it anyway, using a fake Scarlett Johansson. Here's the problem: The second version of reality is the one OpenAI itself is pushing. And OpenAI is a relatively young company, with a particularly chaotic history, which includes a foundational fight with Elon Musk and last year's well-publicized Thanksgiving coup-that-wasn't. Now they're telling us they can't handle the most basic stuff, like telling the left hand what the right hand is doing.

Persons: OpenAI, Scarlett Johansson, —, Scarlett Johansson —, Sam Altman, Johansson —, Altman, Joanne Jang, Jang, Mira Murati, Elon Musk, It's Organizations: Washington Post, bumblers, Apple, Microsoft Locations: Washington

☆ Cassie Ventura breaks her silence on 2016 video that showed her being physically assaulted by Sean ‘Diddy’ Combs
▼ + stars: | 2024-05-23 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —Cassie Ventura has shared a statement expressing her gratitude for the support she has received since CNN’s publication of a 2016 surveillance video that showed her being physically assaulted by her then-boyfriend, Sean “Diddy” Combs. Combs‘ decision to settle the lawsuit does not in any way undermine his flat-out denial of the claims. Video Ad Feedback ‘I take full responsibility’: Sean ‘Diddy’ Combs reacts to 2016 video showing him assaulting then-girlfriend 02:39 - Source: CNNVentura’s attorney Meredith Firetog criticized his response. Growing legal issues for CombsIncluding Ventura’s lawsuit, Combs has been named in seven civil lawsuits in recent months. One of the six suits names Combs as a defendant but was brought against Combs’ son, Christian Combs.

Persons: Cassie Ventura, Sean “ Diddy ” Combs, ” Ventura, “, ”, Combs, Ventura, ” Ben Brafman, “ Mr, ” Combs, Sean ‘ Diddy ’ Combs, Meredith Firetog, Cassie, Combs ’, Christian Combs, Ventura’s, CNN’s Sandra Gonzalez, Alli Rosenbloom, Elizabeth Wagmeister Organizations: CNN, Ventura, Authorities, Department of Homeland Security

☆ Tornado causes havoc in Texas as record-breaking heatwave looms
▼ + stars: | 2024-05-23 | by ( Patrick Smith | ) www.cnbc.com time to read: +2 min

Debris and a damaged building are seen in the aftermath of a tornado in Temple, Texas, U.S., May 22, 2024, in this screengrab obtained from a social media video. A tornado ripped through central Texas Wednesday evening, causing huge damage and destroying homes, as forecasters warn of a potentially record-breaking heatwave in the state. The city of Temple, northeast of Austin, declared a state of emergency and opened a shelter for displaced people after a twister caused widespread devastation. Footage posted to social media shows buildings in Temple and nearby Belton missing roofs, piles of rubble and smashed windows. Flood warnings were in place Thursday morning for much of northern Texas, including Dallas and Forth Worth, along with parts of Oklahoma.

Persons: Young Organizations: NBC, NWS, Austin Locations: Temple , Texas, U.S, Texas, Temple, Austin, Bell, Belton, Dallas, Forth Worth, Oklahoma, Louisiana, Antonio, Iowa, Greenfield

☆ New Iranian foreign minister a familiar face for US officials
▼ + stars: | 2024-05-22 | by ( Katie Bo Lillis | Mj Lee | ) edition.cnn.com time to read: +7 min

One familiar name stood out to US officials: the new acting foreign minister, Ali Bagheri Kani. Just last week in Oman, Kani was part of a delegation of senior Iranian officials that met indirectly with US officials, current and former officials said. In the wake of the death of so many of his top officials, US officials believe that Khamenei will work to ensure that replacements adhere to his hardline worldview. “It’s difficult to see there will be any major changes in the way Iran behaves on the world stage,” a senior administration official said. In talks with Iranian officials in Oman last week, US officials once again laid out for their counterparts the consequences of Iran’s destabilizing actions, behavior and policies, according to the senior administration official and a US official.

Persons: Ali Bagheri Kani, Kani, Biden, Ebrahim Raisi, Ali Khamenei, Raisi, Jonathan Panikoff, ” Khamenei, Khamenei, ”, Panikoff, “, Ayatollah Ali Khamenei, Vahid, –, Matt Miller Organizations: CNN, US, Supreme, Experts, Tehran ”, State Department Locations: Iran, United States, Oman, Gaza, Washington, Tehran, Israel, Kani

☆ Biden’s EPA is trying to take a huge bite out of the climate crisis. But can it survive Trump’s Supreme Court?
▼ + stars: | 2024-05-22 | by ( Ella Nilsen | ) edition.cnn.com time to read: +10 min

Bottom row, from left, Associate Justice Sonia Sotomayor, Associate Justice Clarence Thomas, Chief Justice of the United States John Roberts, Associate Justice Samuel Alito, and Associate Justice Elena Kagan. Top row, from left, Associate Justice Amy Coney Barrett, Associate Justice Neil Gorsuch, Associate Justice Brett Kavanaugh, and Associate Justice Ketanji Brown Jackson. And environmental attorneys are intrigued by Barrett, who has had some tough questions for EPA’s challengers during recent Supreme Court arguments. The Supreme Court ruled in 2007 that the EPA can use its authority to regulate greenhouse gases. That gives the agency the recent Congressional direction the Supreme Court has said it so badly needs, some experts said.

Persons: Joe Biden’s, Richard Lazarus, “, Michael Regan, ” “, ” Regan, Regan’s, ” Lazarus, Samuel Alito, Clarence Thomas, Neil Gorsuch, Gorsuch, Alito, ” David Doniger, “ Alito –, ”, Reagan, Anne Gorsuch, Sonia Sotomayor, John Roberts, Elena Kagan, Amy Coney Barrett, Brett Kavanaugh, Ketanji Brown Jackson, J, Scott Applewhite, Amy Coney Barrett –, Roberts, Barrett, Kavanaugh, Sackett, “ He’s, he’s, doesn’t, Ann Carlson, ” Carlson, ” Doniger Organizations: CNN, Joe Biden’s Environmental Protection Agency, Harvard Law, EPA, Republican, Natural Resources Defense Council, Chevron, DC, Appeals, DC Circuit, University of California, Biden, Congress Locations: China, United, Virginia, University of California Los Angeles, West Virginia, Congress

☆ Scientists a step closer to unraveling mystery of sun’s magnetic field
▼ + stars: | 2024-05-22 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

In contrast to previous research that assumed the sun’s magnetic field originates from deep within the celestial body, they suspect the the source is much closer to the surface. This view of the sun's magnetic field was generated by NASA's Solar Dynamics Observatory. NASA/GSFC/Solar Dynamics ObservaModeling the sun’s magnetic fieldIt’s difficult to see the sun’s magnetic field lines, which loop through the solar atmosphere to form a complicated web of magnetic structures far more complex than Earth’s magnetic field. To better grasp how the sun’s magnetic field works, scientists turn to mathematical models. Like the 11-year solar magnetic cycle, torsional oscillations also experience an 11-year cycle.

Persons: Galileo, ”, Daniel Lecoanet, ” Lecoanet, “, Lecoanet, Geoff Vasil, Ellen Zweibel, Zweibel Organizations: CNN, Northwestern University’s McCormick School of Engineering, Center for Interdisciplinary Exploration, Research, Astrophysics, NASA's Solar Dynamics, NASA, Dynamics, University of Edinburgh, University of Wisconsin Locations: United Kingdom, Madison

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

☆ Trump’s trial reaches crescendo as tempers fray in the courtroom
▼ + stars: | 2024-05-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

The presumptive Republican nominee’s lawyers made a long-shot bid for the dismissal of his first criminal trial before the jury has even been asked to deliberate. And he implored Merchan not to hand jurors a case so reliant on testimony from Cohen, a confessed liar. Key developmentsMonday’s court action at times threatened to spin out of control — in a way that only a Trump trial can. “I know it may feel like you’re on trial here after cross-examination, but are you actually on trial?” she asked Cohen. Courtroom chaosVeteran lawyers and court reporters said they’d never seen anything like the scene precipitated by defense witness Robert Costello.

Persons: Donald Trump’s, Juan Merchan, Michael Cohen, sensationally, ’, Todd Blanche, Trump, Stormy Daniels, Merchan, Cohen, ” Blanche, ”, “, Blanche, he’d, ” Trump, Daniels, won’t, —, Matthew Colangelo, Colangelo, Keith Schiller, Susan Hoffinger, LaDoris Hazzard Cordell, Jake Tapper, they’d, Robert Costello, Costello, there’s, ” Merchan, ” Cordell, Tapper, Bob Costello, I’ve, Terri Austin, CNN’s Erin Burnett, we’ll Organizations: CNN, Republican, Trump, Republican Party, Trump Organization, “ Locations: Merchan, Trump, Manhattan

☆ Mumbai, India: Billionaires, Bollywood celebrities cast their vote in the world’s largest election
▼ + stars: | 2024-05-21 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

Bollywood actor Shah Rukh Khan, along with his family, leaves a polling booth after casting his ballot in Mumbai on May 20, 2024. Sujit Jaiswal/AFP/Getty ImagesThe “King of Bollywood” Shah Rukh Khan was seen leaving a Mumbai polling booth with his family – wife Gauri, daughter Suhana, and sons Aryan and Abram. Bollywood actors Ranveer Singh and Deepika Padukone arrive to cast their ballots at a polling station in Mumbai on May 20, 2024. Residents queue to cast their vote on May 20, 2024 in Mumbai, India. Voters wait to cast their vote in Chandivali, Mumbai, on May 20, 2024.

Persons: Narendra Modi, Shah Rukh Khan, Sujit Jaiswal, ” Shah Rukh Khan, Gauri, Suhana, Aryan, Abram, Amitabh Bachchan, ” Khan, “ Let’s, Deepika Padukone, Ranveer Singh, Mukesh Ambani, Nita, Akash, Akshay Kumar, “, Aishwarya Rai Bachchan, Stringer, Shiv Sena —, Satish Bate, Sachin Chaudhary Organizations: CNN, Getty, Bharatiya Janata Party, BJP, Indian National Congress, Hindustan Times, Getty Images Locations: Mumbai, Maharashtra, India’s, AFP, Andheri, “, India, Mumbai’s, West Bengal, Getty Images Mumbai, New York, Chandivali

☆ Opinion: Trump’s defense got one last shot at Michael Cohen. Did they make their case?
▼ + stars: | 2024-05-21 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +8 min

CNN —The biggest drama in the trial of former President Donald Trump on Monday came not, as expected, in the cross-examination of former Trump attorney Michael Cohen. His testimony wrapped without any moments approaching the significance of last week’s defense hits on the star witness. Cohen had already admitted that he lied to Costello, and indeed lied more broadly to protect Trump before cooperating with the government. But Cohen has already testified that he lied about Trump’s knowledge of the payment to Daniels before cooperating with prosecutors. It culminated before the lunch break with a bit of razzle- dazzle to bolster Cohen’s testimony about what happened on that phone call with Schiller and Trump.

Persons: Norman Eisen, “, Donald Trump, Trump, Michael Cohen, — Robert Costello, Cohen —, audibly, Juan Merchan, Costello, ” Merchan, cautioning, ’, …, ” Costello, Merchan, Norm Eisen, Cohen, chastising Costello, Stormy Daniels, Daniels, Todd Blanche, Blanche, Keith Schiller, Schiller, —, Trump’s, ”, Susan Hoffinger, Perry Mason Organizations: CNN, Monday, Trump, Trump Organization, SPAN, Twitter, Facebook Locations: Trump’s Manhattan, Tampa , Florida

☆ Sean ‘Diddy’ Combs accused of sexual assault in new lawsuit from former winner of MTV’s Model Mission
▼ + stars: | 2024-05-21 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +5 min

CNN —Sean “Diddy” Combs has been accused of sexual assault in a new lawsuit filed on Tuesday by Crystal McKinney, a former model and winner of MTV’s 1998 Model Mission competition show. McKinney “felt confused but hopeful that Combs would fulfill his promises to help her career,” and Combs invited her to his recording studio later that night, the complaint continues. In the bathroom, Combs “began kissing her without her consent” and later “forced her to perform oral sex on him,” according to the complaint. “As her consciousness returned, Plaintiff realized that she had been sexually assaulted by Combs,” the complaint reads. One of the six suits names Combs as a defendant but was was brought against Combs’ son, Christian Combs.

Persons: Sean “ Diddy ” Combs, Crystal McKinney, McKinney, ”, Combs, McKinney “, “, Combs “, Sean John Clothing, ” McKinney, Tommy Hilfiger, Cassie Ventura, Ventura, ” Combs, Meredith Firetog, Cassie, Combs ’, Christian Combs, Ventura’s Organizations: CNN, Plaintiff, Combs, Bad Boy Records, Sean John Clothing LLC, Universal Music Group Inc, New, New York City Council, IMG, MTV, Authorities, Department of Homeland Security Locations: New York, New York City

☆ Why Jay Powell really wants to lower interest rates this September
▼ + stars: | 2024-05-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

It’s interesting to me that the equity market is cheering the idea that the Fed is going to be cutting rates. There tends to be a fine line between cutting rates and extending the economic cycle or cutting rates because the cycle is coming to an end (and the economy is softening). When the Fed is cutting rates, it’s cutting rates because a recession is about to happen, right? That’s why I say there’s a fine line between the Fed cutting to extend the cycle and the Fed cutting because a recession is about to happen. The Fed has been in this precarious space where they’re trying to avoid recession while lowering interest rates.

Persons: Dow, stoking, Bell, Tom Porcelli, Jerome Powell, Jay Powell, they’re, that’s, Donald, Goofy, Eva Rothenberg, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “, Uber, Lyft, Jamie Long, Read Organizations: CNN Business, Bell, New York CNN — Markets, Federal Reserve, Fed, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Uber, Democratic, Minneapolis City Council Locations: New York, Anaheim , California, Minnesota, Minneapolis

☆ I used bots to work for Instacart. You need one to make the job worthwhile.
▼ + stars: | 2024-05-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Business Insider has verified his identity and his use of two bots designed for gig delivery apps. I found this guy who writes some articles on gig work, and he talked about having access to bots for Instacart. AdvertisementThe biggest reason I purchased it was because you just have to keep refreshing the screen to get orders on Instacart. AdvertisementAn Instacart spokesperson told BI: "This shopper was deactivated from our platform for blatant and abusive violations of our terms of service." Do you work for Instacart, DoorDash, Walmart Spark, or another gig delivery service and have a story idea to share?

Persons: Ted Rosner, That's, Instacart, I've, it's Organizations: Service, Business, Walmart Locations: Washington, DC, Instacart, DoorDash

☆ Renting Forever and Trying to Create a Strong Financial Future
▼ + stars: | 2024-05-19 | by ( Paulette Perhach | ) www.nytimes.com time to read: +1 min

Moving back and forth from Tennessee to Alaska, Michael Rogers and his wife Christy have twice been stuck simultaneously paying a mortgage and rent. Once, in 2006, the situation dragged on for eight months, finally ending when they sold their house in Tennessee for $20,000 below what they’d paid for it. Other adventures in homeownership ended well — the couple doubled their money after selling a fixer-upper. The couple just renewed their lease for a third year, and have decided to remain renters for good. Mr. Rogers, a construction manager, likes the convenience of being able to move when a job calls.

Persons: Michael Rogers, Christy, homeownership, Rogers Locations: Tennessee, Alaska, Kingsport

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