DIRS.INFO The most relevant business & tech news

☆ A new addition to Goldman Sachs' board could be a lifeline, or threat, to CEO David Solomon
▼ + stars: | 2023-06-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

A change to the board of directors at a top Wall Street bank has raised questions about what it means for the CEO. Goldman Sachs board is reportedly planning to add Tom Montag, a former longtime Goldman exec who became the No. And as a former partner at the bank, Montag also brings with him a certain cachet. Such is life on Wall Street, where the line between friend and foe is never quite clear. From Mark Zuckerberg's martial arts-led comeback to Jeff Bezo's hot yacht summer, tech bros are feeling themselves these days.

Persons: Dan DeFrancesco, you've, —, we've, Tom Montag, Craig Barritt, Tory Burch, Goldman Sachs, Goldman, David Solomon, Montag, Solomon, Insider's Dakin Campbell, Merrill, Insider's Alex Morrell, Jeff Bezos, Clive Mason, Mark Zuckerberg's, Jeff Bezo's, Biden's, Jen Glantz, Pete Buttigieg, Jeffrey Cane, Hallam Bullock Organizations: Costco, Tory, Tory Burch Foundation, Bank of America, Bloomberg, Goldman, Solomon, BofA, Getty, Finance bros, Transportation, Starbucks, LinkedIn Locations: NYC, BofA, BlackRock, New York, London

CNN —Former NFL quarterback Ryan Mallett died Tuesday in an apparent drowning off a Florida beach, the Okaloosa County Sheriff’s Office said in a news release. Mallett went under the water and was not breathing when lifeguards pulled him out, the sheriff’s office said. “The New England Patriots are deeply saddened to learn of the sudden and unexpected passing of former quarterback Ryan Mallett,” the team said on Twitter. “It is with great sadness that we share the loss of Coach Ryan Mallett,” the district said. “Coach Mallett was a beloved coach and educator.

Persons: CNN —, Ryan Mallett, Mallett, ”, “ Organizations: CNN, CNN — Former NFL, Sheriff’s, Arkansas Razorbacks, New England Patriots, NFL, Patriots, Houston Texans, Baltimore Ravens, Twitter, White Hall Bulldogs, White Hall School District Locations: Florida, Okaloosa, Destin, White Hall , Arkansas, Gulf

☆ MLB roundup: Astros win finale with Dodgers in 11 innings
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +12 min

Astros rookie right-hander Hunter Brown gave up one run on three hits over six innings, Ryan Pressley (2-2) earned the win and Seth Martinez collected his first career save. Dodgers starter Tony Gonsolin gave up four runs on five hits over five innings. Starter Bailey Ober gave up three runs and five hits and struck out eight in six innings. Pete Alonso had three RBIs via a two-run single in the third and a homer in the seventh, while Francisco Lindor also went deep for the Mets. Padres starter Seth Lugo (3-4) gave up three runs on seven hits with four strikeouts and no walks in five-plus innings.

Persons: Jeremy Pena, Jose Abreu, Alex Bregman, Corey Julks, Bregman, Hunter Brown, Ryan Pressley, Seth Martinez, Freddie Freeman, Mookie Betts, Will Smith, Tony Gonsolin, Gonsolin, Yency Almonte, Willson Contreras, Louis, Paul Goldschmidt, Marcus Stroman, Lars Nootbaar's, Matthew Liberatore, Jake Woodford, Jordan Hicks, Royce Lewis, Lewis, Donovan Solano, Bailey Ober, Griffin Jax, Jhoan Duran, Zach McKinstry, Michael Lorenzen, Brendan White, Carlos Correa, Kyle Schwarber, Trea Turner, Jeff Hoffman, Pete Alonso, Francisco Lindor, Anthony Santander, Kyle Bradish, Felix Bautista, Cal Raleigh, Harrison Bader, Gerrit Cole's, Anthony Volpe, John King, Jose Trevino, Bader, Yerry Rodriguez, Ezequiel Duran, Volpe, Oswaldo Cabrera, Michael King, Adolis Garcia, Corey Seager, Jonah Heim, Leody Taveras, Cavan Biggio, Yusei Kikuchi, George Springer, Rickey Henderson, Kikuchi, Luis Medina, Tony Kemp, Matt Olson, Olson, Raisel Iglesias, Kevin Newman, Matt McLain, Chris Sabo, Owen Miller's, Miller, Trevor Stephan, Joey Wiemer, Elvis Peguero, Devin Williams, Cleveland, Luis Robert Jr, Robert, Kutter Crawford, Jesse Scholtens, Crawford, Adam Duvall's, Justin Turner, Eury Perez, Perez, Dontrelle Willis, Jonathan Davis, Luis Arraez, Ezequiel Tovar, Austin Gomber, Justin Lawrence, Shohei Ohtani, Eduardo Escobar, Taylor Ward, Ketel Marte, Patrick Bailey, Evan Longoria, Davis, Blake Sabol, Marte, Tyler Glasnow, Jose Siri, Taylor Clarke, Harold Ramirez's, Drew Waters, Glasnow, Pete Fairbanks, Colin Poche, Yandy Diaz, Siri, Maikel Garcia, Daniel Lynch, MacKenzie Gore, Jeimer Candelario, Joey Meneses, Tim Hill, Candelario, Meneses, Gore, Seth Lugo Organizations: Houston Astros, Los Angeles Dodgers, Astros, Houston, Dodgers, Los Angeles, Cardinals, Cubs, Chicago, Tigers, Minnesota, Detroit, Twins, Phillies, Mets, Philadelphia, Orioles, Mariners, Baltimore, Santander, Cal, Yankees, Rangers, Texas, Blue Jays, Athletics, Cavan, Toronto, Oakland, Braves, Reds, Cincinnati, Brewers, Milwaukee, Cleveland, White Sox, Red Sox, Boston, Marlins, Pirates, Miami, Pittsburgh, Rockies, Angels, Colorado, The Rockies, Diamondbacks, Giants, Arizona, J.D, Rays, Royals, Tampa Bay, Kansas City, Nationals, Padres, Washington, Thomson Locations: Los Angeles, London, Chicago, New York, Seattle, Atlanta, Cleveland, Los, Denver, San Francisco, St . Petersburg, Fla, Kansas, San Diego

☆ Ex-BofA No. 2 Tom Montag said to be in line to join Goldman Sachs board
▼ + stars: | 2023-06-26 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +4 min

Goldman Sachs board plans to tap Tom Montag to join, Bloomberg reports. Now, he is said to be in line to join the board of Goldman Sachs as its CEO, David Solomon, faces scrutiny over his leadership. Still, Bloomberg notes, Montag would be the first bank executive named to the board under Solomon, who became CEO of the bank in 2018. Solomon's hobby as a DJ and his use of the firm's private jets have also rubbed some Goldman insiders the wrong way. At Goldman, Montag was big in JapanMontag bleeds Goldman blue.

Persons: Goldman Sachs, Tom Montag, Montag, David Solomon, Solomon, —, Sridhar Natarajan, Katherine Doherty, Goldman, David Viniar, Goldman's, Adebayo, Ogunlesi, Insider's Dakin Campbell, Japan Montag, Merrill Lynch, Insider's Alex Morrell, Charming, Kate Kelly, BofA Organizations: Bloomberg, of, Morning, Bank of America's, Goldman, Credit Suisse, Global Infrastructure Partners, Reuters, Bank of America, Bank America, The New York Times, Times, Private, TPG, Street Journal Locations: Japan

NEW YORK, June 26 (Reuters) - Goldman Sachs Group Inc (GS.N) plans to add former Bank of America executive Tom Montag to its board, a person familiar with the matter said on Monday, as Goldman's leadership faces challenges over its strategy. The bank's board is gathering in India this week, a second source said. Montag, who has previously worked at Goldman Sachs, is currently CEO of Rubicon Carbon, a carbon-market venture backed by asset manager TPG. The planned appointment was first reported by Bloomberg News, which said that Montag is an ally of CEO David Solomon. Montag, described by his peers as a hard-charging executive, was formerly a partner at Goldman Sachs and jointly led its securities division until late 2007.

Persons: Tom Montag, Montag, Goldman Sachs, David Solomon, Goldman, Merrill Lynch, Solomon, Saeed Azhar, Manya, Arun Koyyur, Emelia Organizations: YORK, Goldman Sachs Group Inc, of America, Rubicon, TPG, Bloomberg News, Bank of America, Manya Saini, Thomson Locations: India, New York, Bengaluru

☆ 'Time to get greedy': A 35-year market veteran shares 5 little-known stocks that could soar up to 800% once investors realize that there won't be a repeat of 2008
▼ + stars: | 2023-06-24 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are five small companies that could have huge returns with a bit of good fortune. Kevin Rendino, formerly of Merrill Lynch and BlackRock, is an activist investor focused on reviving small companies that might just be sleeping giants. He still believes the so-called "end-of-the-world" scenario that investors are pricing in for that group of stocks right now is completely unwarranted. "I don't see the excesses in the system like we saw in 2008, which would cause a recession," Rendino said. Below are five of Rendino's favorite stocks right now along with the ticker, market capitalization, and thesis for each.

Persons: Kevin Rendino, there's, Merrill Lynch, Rendino, We're, We've, We'll, we're, they've, Russell Microcap, Russell, —, — Rendino, he's, Warren Buffett Organizations: BlackRock, Capital, Nasdaq, Investors

☆ U.S. attorney general denies allegations that Hunter Biden tax probe was stymied
▼ + stars: | 2023-06-23 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +3 min

"He was given complete authority to make all decisions on his own," the attorney general added. Weiss' office on Tuesday revealed in a court filing that Biden has agreed to plead guilty to the two misdemeanor tax charges. Hunter Biden looks on during the annual Easter Egg Roll on the South Lawn of the White House in Washington, U.S. April 18, 2022. REUTERS/Jonathan Ernst/File PhotoOn Thursday, lawmakers in the U.S. House of Representatives released the transcript of an interview with Gary Shapley, an IRS criminal supervisory agent who worked on the Hunter Biden probe. Garland denied that claim on Friday.

Persons: General Merrick Garland, Joe Biden's, Hunter, Hunter Biden, Garland, David Weiss, President Trump, Weiss, Biden, Jonathan Ernst, Gary Shapley, Shapley, Trump, Mr, Chris Clark, Sarah N, Lynch, Jonathan Oatis Organizations: U.S, Internal Revenue Service, Justice Department, Republicans, White, REUTERS, U.S . House, D.C, Thomson Locations: Delaware, Washington , U.S, U.S, Washington, California

The indictments mark the first time the U.S. has sought to prosecute any of the Chinese companies responsible for manufacturing precursor chemicals used to make the painkiller. The companies at the heart of the three separate indictments are accused of selling precursor chemicals to the Sinaloa Cartel in Mexico, which in turn has flooded the U.S. with the drug. Federal prosecutors in Manhattan announced the unsealing of an indictment against the China-based chemical company Hubei Amarvel Biotech, along with its executives Qingzhou Wang, 35, Yiyi Chen, 31, and Fnu Lnu, also known as Er Yang, with fentanyl trafficking, precursor chemical importation, and money laundering offenses. "Fentanyl poses a singular threat, not only because the smallest doses can be lethal, but because fentanyl does not occur in nature. In the Eastern District of New York, prosecutors announced the unsealing of two more indictments against three other Chinese companies and individuals accused of conspiring to manufacture and distribute fentanyl in the U.S.

Persons: Antony Blinken, Joe Biden, Xi Jinping, Qingzhou Wang, Yiyi Chen, Fnu Lnu, Er Yang, Joaquin, El, Guzman, Lisa Monaco, Blinken, Wang, Chen, Yang, Sarah N, Lynch, Luc Cohen, David Brunnstrom, Chizu Nomiyama, Angus MacSwan Organizations: WASHINGTON, U.S . Justice, U.S, Hubei Amarvel Biotech, Justice Department, Embassy, Global Coalition, Administration, of, U.S . Prosecutors, Hebei Sinaloa Trading, Thomson Locations: United States, China, Washington, Sinaloa, Mexico, Manhattan, Hubei, cryptocurrency, Los Angeles, Honolulu , Hawaii, New York, of New York, Hebei Sinaloa, U.S

☆ Turkey hikes interest rates as Erdogan reverses policy on fighting inflation
▼ + stars: | 2023-06-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +1 min

London CNN —Turkey’s central bank hiked interest rates to 15% from 8.5% Thursday in a dramatic reversal of its unorthodox policy of cutting the cost of borrowing to tame painfully high inflation. Annual consumer price inflation has come down from a two-decade high of 85.5% in October but was still almost 40% in May. This is the first rate decision by Turkey’s central bank since last month’s reelection of President Recep Tayyip Erdogan. Erdogan had ordered his central bank to cut rates nine times since late 2021, when inflation around the world started to accelerate, whereas most economies have raised rates. In that time, the value of the Turkish lira has crashed almost 170% to stand at a record low of 23.60 against the US dollar on Thursday.

Persons: Recep Tayyip Erdogan, Hafize Gaye Erkan, Goldman Sachs, Erdogan, Erdogan —, —, Mehmet Simsek, Turkey’s, Merrill Lynch Organizations: London CNN

☆ House Democrats release wave of bank reform bills
▼ + stars: | 2023-06-21 | by ( Chelsey Cox | ) www.cnbc.com time to read: +7 min

WASHINGTON — House Democrats on Wednesday will release a slate of reform bills in response to the recent bank failures that triggered the worst crisis for the sector since 2008. "The failures of Silicon Valley Bank, Signature Bank, and First Republic Bank make clear that it is past time for legislation aimed at strengthening the safety and soundness of our banking system and enhancing bank executive accountability," she said. President Joe Biden called for these actions shortly after the FDIC took over SVB and Signature Bank in March. The bill would have prevented SVB bank executives from cashing out after repeated warnings by regulators, according to Democrats. Neither Signature Bank nor SVB had a bank holding company before they collapsed.

Persons: Maxine Waters, Dodd, Frank, Waters, Joe Biden, Nydia Velazquez, Brad Sherman, Juan Vargas, David Scott, Al Green, Sylvia Garcia of, Emanuel Cleaver, Joyce Beatty, Steven Horsford, Rashida, Velazquez, Sherman, Cleaver, Beatty, Frank Act's, SVB, Vargas, Garcia, Tlaib, Banks, Sean Casten, Josh Gottheimer, Ritchie Torres, Wiley Nickel, Stephen Lynch, Brittany Pettersen Organizations: Financial Services, Washington , D.C, WASHINGTON —, Democrats, Financial Services Committee, Treasury Department, Federal Deposit Insurance Corporation, Silicon Valley Bank, Signature Bank, Banking Committee, Valley Bank, First Republic Bank, FDIC, Democratic, Sylvia Garcia of Texas, Republicans, Sound Banking, Prudential, prudential, Bank, Green, Sherman, Rep, Federal, Office, Federal Reserve, FAIR, Tlaib, Safety, Sherman . Locations: California, Washington ,, New York, Georgia, Missouri, Ohio, Michigan, Green, Horsford, H.R, Silicon, Illinois, New Jersey, North Carolina, Colo

☆ MLB roundup: Giants walk it off vs. Padres again
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +10 min

[1/5] Jun 20, 2023; San Francisco, California, USA; San Francisco Giants celebrate with designated hitter Joc Pederson (23) after winning the game against the San Diego Padres on a walk off walk at Oracle Park. Stroman (9-4) gave up five hits, struck out five and walked one. Raisel Iglesias allowed one run in the ninth inning yet still earned his 10th save. Blue Jays 2, Marlins 0Ernie Clement broke a scoreless tie in the eighth inning by lofting a soft RBI single to center, helping Toronto beat host Miami. Cole (8-1) allowed four hits, struck out eight and walked one.

Persons: Joc Pederson, Stan Szeto, Josh Hader, Hader, Nick Martinez, Luis Matos, Patrick Bailey, Casey Schmitt, David Villar, Pederson, Tyler Rogers, Fernando Tatis Jr, Elly De La Cruz, TJ Friedl, Nolan Jones, Christian Arroyo, Adam Duvall, Masataka Yoshida, Kutter Crawford, Corey Kluber, Bailey Ober, Clayton Kershaw, Reid Detmers, Michael Busch's, Chris Devenski, Will Smith, Kershaw, Evan Phillips, Detmers, Tucker Barnhart, Mike Tauchman, Marcus Stroman, Mark Leiter Jr, Adbert Alzolay, Johan Oviedo, Framber Valdez, Alex Bregman, Jose Altuve, Ryan Pressly, Justin Verlander, Austin Riley, Matt Olson, Eddie Rosario, Ronald Acuna Jr, Spencer Strider, Raisel Iglesias, Brandon Marsh, Bryce Harper, Kyle Schwarber, Realmuto, Ranger Suarez, Ernie Clement, George Springer, Yimi Garcia, Jordan Romano, Tanner Scott, Miami's Luis Arraez, Daniel Lynch, Lynch, Scott Barlow, Matt Beaty, Michael Lorenzen, Kerry Carpenter, Zach McKinstry, Aaron Hicks, Hicks, Anthony Santander, Kyle Bradish, Isaac Paredes, Dylan Carlson, Jordan Montgomery, Louis, MacKenzie Gore, Gore, Gerrit Cole, Anthony Rizzo, Cole, Billy McKinney, Jarred Kelenic, George Kirby, Kirby, Andres Gimenez, Amed Rosario, Jose Ramirez, Enyel De Los Santos, Tony Kemp, Trevor May, William Contreras, Bryse Wilson, Joel Payamps, Devin Williams, Ketel Marte, Colin Rea, Austin Adams, Zach Remillard, Elvis Andrus, Eloy Jimenez, Andrus, Corey Seager, Adolis Garcia, Grant Anderson Organizations: San Francisco Giants, San Diego Padres, Oracle, Giants, The Padres, Reds, Cincinnati, The Reds, Tampa Bay Rays, Rockies, Red Sox, Twins, Boston, Dodgers, Angels, Los Angeles Dodgers, Los Angeles Angels, Cubs, Pirates, Chicago, Pittsburgh, The Pirates, Astros, Mets, Houston, New York, Braves, Phillies, Atlanta, Philadelphia, Blue Jays, Marlins, Toronto, Miami, Former Marlins, Royals, Tigers, Kansas City, Detroit, Rays, Baltimore, ORioles, Tampa, Cardinals, Nationals, Washington, The Cardinals, Montgomery, Yankees, Mariners, Cleveland, Oakland, Guardians, Brewers, Diamondbacks, Milwaukee, The Brewers, White Sox, Rangers, Texas, The Texas, Thomson Locations: San Francisco , California, USA, San Diego, Colorado, Boston, Minneapolis, Anaheim , Calif, Kershaw, Chicago, Valdez, Houston, Kansas, St . Petersburg, Fla, Seattle, Rye, N.Y, Arizona

WASHINGTON, June 20 (Reuters) - U.S. District Judge Aileen Cannon has set an initial trial date of Aug. 14 in Florida on former President Donald Trump's federal charges of willful retention of classified government records and obstruction of justice, according to a court order on Tuesday. The Justice Department's special counsel in the case, Jack Smith, promised a speedy trial after a 37-count indictment charging Trump with willfully retaining classified government records and obstructing justice. Trump's lawyers and a U.S. Justice Department spokesperson did not immediately return requests for comment. The order from U.S. Magistrate Judge Bruce Reinhart also put strict conditions on Trump's access to the materials. Reporting by Susan Heavey, Jacqueline Thomsen, Sarah N. Lynch; Writing by by Doina Chiacu; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Aileen Cannon, Donald, Department's, Jack Smith, Trump, Bruce Reinhart, Susan Heavey, Jacqueline Thomsen, Sarah N, Lynch, Doina Chiacu, Daniel Wallis Organizations: U.S . Justice, Thomson Locations: Florida, U.S, Miami

The president's son has worked as a lobbyist, lawyer, investment banker and artist, and has publicly detailed his struggles with substance abuse. Hunter Biden disclosed in December 2020 that Weiss's office was investigating his tax affairs. President Biden has long expressed support and pride in his son for overcoming his addiction. The corrupt Biden DOJ just cleared up hundreds of years of criminal liability by giving Hunter Biden a mere 'traffic ticket.' President Biden has two surviving children, Hunter Biden and daughter Ashley Biden.

Persons: Joe Biden's, Hunter Biden, David Weiss, Donald Trump, Trump, Christopher Clark, Hunter, Clark, " Hunter Biden, Biden, Ian Sams, Weiss, James Comer, Comer, Ashley Biden, Beau Biden, Naomi Biden, Aaron Crawford, Crawford, George H.W, Bush's, Neil, Richard Nixon's, Don, Howard Hughes, Sarah N, Lynch, Jeff Mason, Trevor Hunnicutt, Susan Heavey, Tom Hals, Moira Warburton, Doina Chiacu, Heather Timmons, Jonathan Oatis Organizations: Democratic, Republican, U.S . Navy Reserve, Reuters, . Treasury, Republicans, Biden DOJ, University of Tennessee, Thomson Locations: U.S, Delaware, Ukraine, China, Washington, Wilmington , Delaware

☆ Bank of England has no choice but to continue hiking rates, strategist says
▼ + stars: | 2023-06-20 | 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 EmailBank of England has no choice but to continue hiking rates, strategist saysThanos Vamvakidis of BofA Merrill Lynch Global Research says that's because of inflation pressures and a tight labor market.

Persons: Thanos, BofA Merrill Lynch Organizations: Email Bank of England, BofA Merrill Lynch Global Research

CNN —At least 20 people were injured and one person has died in a shooting overnight, according to police, in what witnesses say was a Juneteenth celebration turned deadly. Some of the injured were transported to hospitals by ambulance and others walked in, DuPage County Deputy Sheriff Eric Swanson told reporters Sunday. Witnesses say the shooting took place around 12:30 a.m. in a parking lot in Willowbrook, about 21 miles west of Chicago. The motive behind the shooting is unclear and it is still an active investigation, Swanson said. The incident is now one of 310 mass shootings in the US this year, according to the Gun Violence Archive.

Persons: Eric Swanson, Joe Ostrander, Ostrander, Swanson Organizations: CNN, Tri -, Fire Protection, NBA Locations: DuPage County, Willowbrook, Chicago, Virginia, Colorado, California

☆ Automakers are replacing decades of know-how with strategies from Tesla's playbook
▼ + stars: | 2023-06-16 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Auto companies need EV battery supply more than ever, but the costs are adding up. Prices and a push to use local materials have carmakers investing in in-house battery supply. That means car companies are seeking an alternative and racing to secure their battery supply in the US. But the pandemic — and other disruptions, like natural disasters — shed a light on just how vulnerable that can also make auto companies. It's complicated and time-consuming, but may ultimately be the best way car companies can get closer to lowering the cost of new EVs.

Persons: Tesla, they've, They've, Peter Maithel, Julian Stratenschulte, There's, We've, Matt Sculnick, Nomura, Rivian, —, Alvarez, Tony Lynch, Kelley Organizations: Auto, EV, Morning, Infor, Volkswagen, Getty, Marsal, GM, Ford Locations: Europe, Asia, China, Illinois

WASHINGTON, June 15 (Reuters) - A federal grand jury has indicted a U.S. Air National Guardsman accused of leaking top-secret military intelligence records online, the Justice Department said in a statement on Thursday. Jack Douglas Teixeira, 21, of North Dighton, Massachusetts, was indicted on six counts of willful retention and transmission of classified information relating to national defense, the statement said. He was arrested in April after allegedly posting highly classified material on the messaging app Discord, prompting concerns about how a low-level airman could have such broad access to military secrets. The leaked documents held highly classified information on allies and adversaries, with details ranging from Ukraine's air defenses during the Russian invasion to Israel's Mossad spy agency. A member of the Massachusetts Air National Guard’s 102nd Intelligence Wing, Teixeira had earlier waived his right to a preliminary hearing.

Persons: Jack Douglas Teixeira, Teixeira, Joe Biden, leaker, Massachusetts Air National Guard’s 102nd Intelligence Wing, Kanishka Singh, Sarah N, Lynch, Rami Ayyub, Susan Heavey, Paul Grant, Eric Beech Organizations: U.S . Air National, Justice Department, WikiLeaks, Massachusetts Air National Guard’s 102nd Intelligence, Thomson Locations: North Dighton , Massachusetts

☆ Oracle hits record after 50% surge in 2023, defying tech struggles
▼ + stars: | 2023-06-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +7 min

Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. For years, the database software developer lagged behind tech rivals in building cloud technology that met the demands of the modern-day enterprise. The shares are up over 50% in 2023, which would mark the best year for shareholders since the dot-com boom of 1999. Oracle got its latest boost this week after reporting stronger-than-expected earnings and revenue, prompting nods of approval from analysts. On Oracle's earnings call this week, CEO Safra Catz took a minute to express gratitude to the company's customers and employees.

Persons: Larry Ellison, Justin Sullivan, Larry Ellison's, Goldman Sachs, Ellison, Bill Gates, Let's, it's, Eric Lynch, Scharf, Salesforce, Kash Rangan, Oracle, Lynch, Safra Catz, Catz, Jefferies, Brent Thill Organizations: Oracle, Getty, Nvidia, Bloomberg, Microsoft, Scharf Investments, Google, Goldman, Amazon Web Services, Monday, Exxon Mobil, Pfizer Locations: San Francisco, TikTok, Cohere, IaaS, NetSuite, Los Gatos , California, Silicon Valley, A.I

[1/4] The motorcade former U.S. President Donald Trump arrives at the Wilkie D. Ferguson Jr. United States Courthouse in Miami, Florida, June 13, 2023. Tuesday's appearance in Miami was on federal charges. Supporters wearing Make America Great Again hats and carrying American flags chanted "Miami for Trump" and "Latinos for Trump" as the motorcade paused outside the courthouse. The indictment of a former U.S. president on federal charges is unprecedented in American history. Trump accuses Democratic President Joe Biden of orchestrating the federal case to undermine his campaign.

Persons: Donald Trump, Wilkie, Ferguson Jr, Brendan Mcdermid MIAMI, Trump, Walt Nauta, Francis Suarez, Joe Biden's, Jack Smith, Smith, Nauta, Trump's, Vivek Ramaswamy, Aileen Cannon, Jonathan Goodman, Joe Biden, Biden, Rami Ayyub, Sarah N, Lynch, Susan Heavey, Julia Harte, Tyler Clifford, Doina Chiacu, Luc Cohen, Andy Sullivan, Howard Goller Organizations: United, REUTERS, Former U.S, Trump, Miami, Authorities, U.S . Capitol, Democratic, White, Mar, REPUBLICAN, LINE, TRUMP, Republican, Reuters, Trump's Republican, Thomson Locations: Miami , Florida, Former, Miami, New York, USA, Lago Florida, New Jersey, U.S, Esperanza

[1/3] People and members of the media gather outside The Wilkie D. Ferguson Jr. United States Courthouse, on the morning former U.S. President Trump is to appear there on classified document charges, in Miami, Florida, June 13, 2023. Several dozen protesters and journalists mingled outside the courthouse while helicopters hovered overhead. He called Special Counsel Jack Smith, who is leading the prosecution, a "Trump hater" on social media on Tuesday. Outside the courthouse, a woman carried a sign reading, "I Stand With Trump." Legal experts say the evidence amounts to a strong case, and Smith has said Trump will have a "speedy" trial.

Persons: Wilkie D, Ferguson Jr, Trump, Marco Bello MIAMI, Donald Trump, Joe Biden's, Jack Smith, Trump's, Biden, Vivek Ramaswamy, Smith, Aileen Cannon, Jonathan Goodman, Joe Biden, Rami Ayyub, Sarah N, Lynch, Susan Heavey, Luc Cohen, Andy Sullivan, Howard Goller, Nick Zieminski Organizations: United, REUTERS, Trump, Security, Democratic, Republican, Reuters, U.S . Capitol, White, Thomson Locations: Miami , Florida, Miami, New York, New Jersey, Esperanza, Lago Florida

National security law experts were struck by the breadth of evidence in the indictment which includes documents, photos, text messages, audio and witness statements. They said this made a strong case for prosecutors’ allegation that Trump illegally took the documents and then tried to cover it up. Trump's greatest peril could lie in the conspiracy to obstruct justice charges, which carry a maximum sentence of 20 years in prison. Cato's Neily said that based on his reading of the indictment, prosecutors likely have many witnesses who have given them similar accounts of Trump's efforts. Legal experts disagree over whether Trump could pardon himself if he wins.

Persons: Trump, Wilkie D, Ferguson Jr, Walt Nauta, Chris Kise, Todd Blanche, Jane, Read, Donald Trump, ”, Elizabeth Goitein, Clark Neily, Mark MacDougall, Trump's, Jack Smith's, Brennan Center's Goitein, Cato's Neily, “, Todd Huntley, TRUMP, Jack Queen, Sarah N, Lynch, Amy Stevens, Cynthia Osterman, Howard Goller Organizations: U.S, United, REUTERS, White House, FBI, Brennan Center for Justice, DOJ, Department of Justice, Federal Bureau of Investigation, Cato Institute, Prosecutors, Georgetown University, Trump, Washington , D.C, Thomson Locations: Miami , Florida, U.S, Florida, New York, Washington ,

☆ Samsung among companies starting to draft ChatGPT policies for workers
▼ + stars: | 2023-06-13 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

In May, Samsung banned the use of generative AI tools after the company discovered an employee uploaded sensitive code to ChatGPT. This legal mindset persists, which is one of the reasons Ironclad moved forward with generative AI policy so swiftly. Singh said, "It truly needs to be a multi-stakeholder dialogue," including teams from policy, AI, risk and compliance and legal. Creating a generative AI policy is also a good opportunity for companies to scrutinize all of their technology policies, including implementation, change management, and long-term usage. It can also include using generative AI tools as foundational content for work due to the fact it creates inherent bias.

Persons: Jakub Porzycki, Jason Boehmig, Boehmig, Navrina Singh, Singh, Vince Lynch, Lynch, it's Organizations: Samsung, Nurphoto, Getty, Companies, National AI Advisory, Intelligence, National Institute of Standards, Technology, European Union

National security law experts were struck by the breadth of evidence in the indictment which includes documents, photos, text messages, audio and witness statements. They said this made a strong case for prosecutors’ allegation that Trump illegally took the documents and then tried to cover it up. Trump's greatest peril could lie in the conspiracy to obstruct justice charges, which carry a maximum sentence of 20 years in prison. Legal experts said Trump's alleged years-long effort to conceal documents was likely a major factor in Special Counsel Jack Smith's decision to indict him. Legal experts disagree over whether Trump could pardon himself if he wins.

Persons: Donald Trump, Trump, ”, Elizabeth Goitein, Clark Neily, Mark MacDougall, Trump's, Jack Smith's, Wilkie D, Ferguson Jr, Walt Nauta, Chris Kise, Todd Blanche, Jane, Read, Brennan Center's Goitein, Cato's Neily, “, Todd Huntley, TRUMP, Jack Queen, Sarah N, Lynch, Amy Stevens, Cynthia Osterman, Howard Goller Organizations: White House, FBI, Brennan Center for Justice, DOJ, Department of Justice, Federal Bureau of Investigation, Cato Institute, U.S, United, REUTERS, Prosecutors, Georgetown University, Trump, Washington , D.C, Thomson Locations: Florida, Miami , Florida, U.S, New York, Washington ,

But his defense team is still evolving after at least three key members left in recent weeks. Trump has also sought to add a Florida-based criminal defense lawyer to his team in the days since his indictment, according to sources familiar with the conversations. Kise, a former Florida solicitor general who has primarily handled civil cases, was brought on to Trump’s team last year after the FBI seized classified documents kept at Trump's Mar-a-Lago estate. Trump has struggled in recent weeks to bolster his defense team as the documents investigation intensified. The day the indictment was unsealed, the pair abruptly announced their resignation from Trump’s legal team.

Persons: Donald Trump, Todd Blanche, Chris Kise, Jim, John Rowley –, Blanche, Kise, Trump, Lindsey Halligan, Rowley, Evan Corcoran, Halligan, Tim Parlatore, Boris Epshteyn, Parlatore, Epshteyn, Trump’s, Andrew Goudsward, Sarah N, Lynch, Jacqueline Thomsen, Karen Freifeld, David Bario, Alistair Bell Organizations: Trump, FBI, Trump's, New, Reuters, U.S . Justice Department, CNN, Epshteyn, Thomson Locations: Miami, Florida, Lago, New York, Manhattan, Epshteyn, Washington

CNN —American track and field champion Tori Bowie died from complications of childbirth, according to an autopsy report released by the Orange County, Florida, medical examiner’s office. The three-time Olympic medalist was found deceased in bed on May 2, according to the report. Bowie’s manner of death was ruled natural, and the report stated that there had been “possible complications,” including “respiratory distress and eclampsia.”Tori Bowie won three medals at the 2016 Olympic Games in Rio. Bowie won three medals at the 2016 Olympic Games in Rio: gold in the 4x100m relay, silver in the 100 meters and bronze in the 200 meters. A native of Sandhill, Mississippi, Bowie was a three-time All-American at the University of Southern Mississippi.

Persons: Tori Bowie, ” Tori Bowie, Quinn Rooney, Bowie, Bowie’s Organizations: CNN, Centers for Disease Control, CDC, University of Southern Locations: Orange County , Florida, Rio, American Indian, Alaska, White, Sandhill , Mississippi, University of Southern Mississippi, Doha

Search resuls for: "Lynch"

25 mentions found