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☆ The end of the 'carry trade'? How Japan's yen could be ripping through U.S. stocks
▼ + stars: | 2024-08-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Stocks are experiencing a broad slump, with many market participants caught off guard by the speed of the yen's rally. The Japanese national flag is seen at the Bank of Japan (BoJ) headquarters in Tokyo on July 31, 2024. 'An implosion of the carry trade'U.S. stocks kicked off the month sharply lower, as fresh data prompted fears of a worsening economic outlook. "First of all, the hawkish Bank of Japan caused an implosion of the carry trade over a short-term basis. And all of that helps push equity markets, which had been quite expensive, even lower," he continued.

Persons: Nogi, Russell Napier, Napier, Cedric Chehab, Chehab, CNBC's Organizations: Afp, Getty, U.S ., U.S, Bank of Japan, The Bank of Japan, Federal, Dow Jones, Nasdaq, BMI, hawkish Bank of Japan Locations: Tokyo, China, Japan, U.S

According to an NBC News review of police hiring laws in Illinois, Grayson’s hiring did not appear to have violated state or local police hiring policies. And an NBC News review of hiring practices around the country shows that there is a patchwork of hiring standards that vary from state to state and from community to community. Experts say the hiring standards in many small law enforcement agencies are often lower than those of large city agencies. In Illinois, in addition to its state law, city councils and county commissions can also set their own stricter hiring rules. Using the California hiring standards as a model, Guller tells his clients to send seasoned investigators out to interview a person’s former romantic partners, neighbors, employers and even patrons at their favorite bars.

Persons: Sonya Massey, —, Sean Grayson’s, Grayson’s, Thomas Campion, Grayson, Jack Campbell, George Floyd, ”, Michael Bricker, “, Sonya, Matt Guller, ” Sonya Massey, Ben Crump, ” Ed Obayashi, ” Obayashi, who’ve, John O'Connor, Campion, Massey, ” Sean Smoot, Tony Dejak, Sean Smoot, Smoot, Barack Obama’s, “ You’ve, “ We’re, ” Bricker, Guller, ” Guller, James Allard, Allard, Eric Hurd, ” Hurd, Hurd, David Corey, ” Smoot Organizations: Army, NBC, NBC Nightly, U.S . Justice Department, Chicago Police Department, “, New Jersey State Police, NBC News, Police, Minneapolis Police Department, Office, Cleveland City, Illinois, Force, Century, Illinois State Police, Chicago, East, Institute for Forensic Psychology, New York State Police, American Psychological Association, “ Chiefs Locations: Illinois, Sangamon County, Springfield , Ill, California, . Illinois, Logan, East Coast, Steuben County New York, Buffalo, George Floyd , New York, Although New York, New York, ‘ Illinois, Oregon, “ Illinois

Eleven years ago, in 2013, Holder said that Mohammed and his associates would have been “on death row as we speak” had the case gone to federal court as he proposed. But he blamed Congress for blocking a federal trial that would have resulted in swifter justice. They were dealt a bad hand by the political hacks and those who lost faith in our justice system,” Holder said in a statement to NBC News on Thursday. “If my decision to try KSM and his confederates in the tested and effective federal court system had been followed they would be nothing more than a memory today,” Holder said. Sen. Richard Blumenthal, D-Conn., said he’s “long advocated that our federal court system is perfectly capable of conducting this kind of trial” and was well-suited to handling serious crimes.

Persons: Eric Holder, ”, Holder, ” Khalid Sheikh Mohammed, Walid Muhammad Salih Mubarak Bin ‘ Attash, Mustafa Ahmed Adam al, General Holder, Mohammed, ” Holder, KSM, “, ” Eric Holder, Chip Somodevilla, Rudy Giuliani —, Donald Trump’s, —, Giuliani, Tsarnaev, William Barr, Trump, George H.W, George H.W . Bush, hadn’t, ” Barr, he’d, he’s, Barr, Alexanda Amon Kotey, Joe Biden’s, Mitch McConnell, McConnell, Sen, Chris Coons, doesn’t, ” Coons, Richard Blumenthal, Conn, “ I’ve, ” Sen, Chris Van Hollen, Biden, Thom Tillis, I’m, ” Tillis, Barack Obama, Hillary Clinton Organizations: WASHINGTON, Guantanamo, Pentagon, CIA, NBC, New York City, Prisons, Boston Marathon, Rockies, Republican, Trump, Justice Department, Islamic State, White, NBC News, House Locations: United States, Guantanamo, Manhattan, Guantanamo Bay, Cuba, America, Pakistan, Caribbean, ADMAX Florence, Colorado, ”, George H.W ., ADMAX, Florence, Ky

☆ Meta's new AI chatbots are already getting weird — and horny
▼ + stars: | 2024-08-01 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +7 min

Read previewI've spent one day interacting with chatbots made with Meta's new AI Studio, and I already have six new boyfriends and four new girlfriends. Character AI also has its own share of AI boyfriends and girlfriends to talk to. When prompted to engage in NSFW content, the Meta AI bots I interacted with generally shut it down (often, politely). Meta's AI studio has a parody "MrBeast" chatbot and its popular characters include a "Gay Bestie" and "Relationship Coach." Unlike Meta's character AIs, creators can see the messages you send to their inbox, even if their automated AI responds.

Persons: —, I've, chatbots, I'm, Meta, Paris Hilton, Snoop Dogg, Mark Zuckerberg, Sydney Bradley, Ash, Andreessen Horowitz, it's, OpenAI's, Eric, George Organizations: Service, Meta, Business, AIs, Sydney, Olin Business School, GPTs Locations: MrBeast, Minnesota, DMs

☆ Secret Service’s Tech Flaws Helped Gunman Evade Detection at Trump Rally
▼ + stars: | 2024-08-01 | by ( Eric Lipton | David A. Fahrenthold | ) www.nytimes.com time to read: +1 min

After a week of oversights and failures, the officers protecting former President Donald J. Trump at a campaign rally in Butler, Pa., still had one last chance to get it right. It began when a local police officer peered over the roof of the AGR International warehouse near the rally grounds and found the suspicious man he and other officers were hunting. Ninety minutes of confusion about Thomas Crooks’s intentions and whereabouts had ended in an instant. “Long gun!” the officer broadcast over the local law enforcement radio system, according to congressional testimony from ‌the Secret Service this week. It was urgent news that should have instantly traveled to a command center shared by the local police and the Secret Service, and then to agents close enough to throw their bodies in front of Mr. Trump.

Persons: Donald J, Trump, peered, Thomas Crooks’s, “ Organizations: Service Locations: Butler, Pa

CNN —Alleged Sinaloa cartel cofounder Ismael “El Mayo” Zambada appeared Thursday in federal court in Texas for his latest hearing since his arrest a week ago in an intrigue-packed case centered on one of the world’s most powerful and deadly drug trafficking organizations. He was arrested the prior day in El Paso alongside Joaquín Guzmán López, the 38-year-old son of infamous cartel boss and founder Joaquin “El Chapo” Guzman. The scene outside the courthouse in El Paso showed a heavy security presence, with federal agents and bomb-sniffing dogs patrolling the perimeter. Attorney Jeffrey Lichtman’s assertion raised new questions about why Guzmán López flew to Texas if he had no cooperation agreement with American authorities. “Joaquín Guzmán López forcibly kidnapped my client,” attorney Frank Pérez said in a statement.

Persons: Ismael “ El, Ismael “ El Mayo ” Zambada, Zambada, Joaquín Guzmán López, Joaquin “ El Chapo ” Guzman, –, Anne Milgram, Guzmán López, Jeffrey Lichtman’s, “, Frank Pérez, Christopher Wray, “ Zambada Garcia, Ismael, El, Jose Luis Gonzalez, he’s, El Chapo, boss’s, Oseguera, Zambada’s, that’s, Guzmán, El Chapo’s, CNN’s Eric Levenson, Emma Tucker, Polo Sandoval, Evan Perez, Nicole Chavez, Cheri Mossburg, Christina Zdanowicz Organizations: CNN, Ismael “ El Mayo, US, DC, US Justice Department, Justice Department, Drug, US State Department, ” Police, Reuters, of, Zambada, Jalisco New, –, Congressional Research Service Locations: Sinaloa, Texas, El Paso, New York , California , Texas , Illinois, Washington, United States, Mexico, Chicago, Joaquín, Illinois, El Mayo, Eastern, of New York, Jalisco, Zambada

☆ Sonya Massey’s mom called 911 to report her daughter was having a mental breakdown the day before she was killed
▼ + stars: | 2024-08-01 | by ( Emma Tucker | ) edition.cnn.com time to read: +9 min

Please.” It’s unclear whether the deputies who responded the next day knew about her mental health concern. On July 5, Massey and her mother, Donna Massey, called 911 at different times, according to Sangamon County records. In a news conference, Massey’s family and their attorney Ben Crump said she had mental health challenges. You can go get it but that’s a headshot.”Officers trained to recognize mental health crisesLaw enforcement experts tell CNN officers are trained in recognizing whether they are dealing with someone who might be experiencing a mental health crisis. The officers could have asked more questions to determine Massey’s mental state and asked whether she’s receiving social services before using deadly force, experts said.

Persons: Sonya Massey, Sean Grayson, Jack Campbell, Massey, Donna Massey, “, Ben Crump, ” Crump, ” Massey, Breonna Taylor, Atatiana Jefferson, Crump, Massey’s, –, Sonya Massey –, she’s, Vincent Alban, everybody’s, ”, Grayson, Jesus, ” Grayson, I’m, he’s, Steven Snodgrass, Grayson “, Dave Campbell, ” Grayson’s, ” CNN’s Eric Levenson, Bill Kirkos, Raja Razek, Sarah Dewberry, Brad Parks Organizations: CNN, New Mount Pilgrim Missionary Baptist Church, Reuters, ”, John’s, Massey, Authorities, Illinois State Police, International Association of Chiefs, Police, Virden Police, Auburn Police Department, Sangamon County Sheriff’s Office Locations: Illinois, Springfield, Sangamon County, Springfield Monday, Chicago , Illinois, St, Macoupin, Logan

☆ 2 Officers Shot on Lower East Side in Street Chase of Robbery Suspect
▼ + stars: | 2024-08-01 | by ( Christopher Maag | Chelsia Rose Marcius | ) www.nytimes.com time to read: +1 min

A gunman shot two police sergeants who were trying to arrest him minutes after an armed robbery in a mahjong parlor on the Lower East Side in Manhattan on Thursday, Police Department officials said. Both were in stable condition, said Chief Kenny, who was joined at the news conference by Mayor Eric Adams. The sergeant who was grazed will be released from the hospital on Thursday night, and the sergeant who was shot in the groin will be held overnight for observation. A man, Joshua Dorsett, 22, was taken into custody at the scene, Chief Kenny said. Around 4:15 p.m., the police responded to a 911 call regarding a man on the second floor of a building on Canal Street near Eldridge Street, Chief Kenny said.

Persons: Joseph Kenny, Kenny, Eric Adams, Joshua Dorsett, Dorsett Organizations: Police, Bellevue Hospital Locations: Side, Manhattan, Eldridge

☆ The deadliest V-22 crash in Air Force history caused by 'catastrophic' gearbox failure and crew's 'lack of urgency,' a probe found
▼ + stars: | 2024-08-01 | by ( Konstantin Toropin | Thomas Novelly | ) www.businessinsider.com time to read: +8 min

An infographic details the crash location of the US military V-22 Osprey aircraft near Japan's Yakushima island. Debris believed to be from a US military Osprey aircraft is seen in waters off the coast of Yakushima Island. Members of the Japanese Navy look through binoculars during a search operation after the CV-22 Osprey crash. The Air Force, alongside the other military services that fly the Osprey, grounded their V-22s shortly after the crash. The service said last month that only a handful of its aircraft were flying at Cannon Air Force Base in New Mexico.

Persons: —, Military.com, Michael Conley, Conley, didn't, It's, …, Jeffrey T, Eric V, Luke A, Terrell K, Zachary E, Jake M, Brian K, Johnson, Jake Galliher, Spendlove, Adm, Carl Chebi, Chebi, " Conley, we're Organizations: Service, Air Force, Business, Ospreys, Getty, Air Force Special Operations Command, NBC, Osprey, Japan Coast Guard, AP, Ministry of Defense, Tech, Staff, Pentagon, Cannon Air Force Base, The Air Force, Naval Air Systems Command Locations: Japan, Anadolu, Yakushima, Yakushima Island, New Mexico

☆ Vance defends Trump over former president’s false claims about Harris’ racial identity
▼ + stars: | 2024-08-01 | by ( Eric Bradner | Kit Maher | ) edition.cnn.com time to read: +7 min

I think it’s totally reasonable for the president to call that out, and that’s all he did,” Vance said. Trump’s remarks are false – Harris, who was born in Oakland, California, and attended the historically Black Howard University in Washington, has never downplayed her racial identity. “And I think it’s because bad guys all over the world recognize Donald Trump’s about to be back in office, so they’re cleaning house. It would not have solved any of the problems that Kamala Harris has caused.”He said the Biden administration should instead take executive action. “They just need to empower Border Patrol to tell people who want to come in illegally, ‘You’re not allowed to do that.’ They just need to use the authority that the border czar, Kamala Harris, has.”

Persons: Vance, Donald Trump’s, Kamala Harris, “, ”, CNN’s Steve Contorno, Trump, Harris, United States —, –, ” Vance, Harris ’, ” “ JD Vance, Donald Trump, Sarafina Chitika, Trump’s, – Harris, Barack Obama, “ It’s, “ I’ve, I’ve, he’s, Biden, Evan Gershkovich, Marine Paul Whelan, Obama, ‘ You’re Organizations: CNN, Republican, National Association of Black Journalists ’, Republicans, Capitol, Black Howard University, Ohio Republican, Trump, United, United States Marine, Wall Street, Marine, Central America, White, Border Locations: Ohio, United States, Mexico, Cochise County , Arizona, Canada, Montreal, Atlanta, Oakland , California, Washington, Houston, Russia, Arizona, Central, Central America

☆ Washington, D.C., attorney general sues StubHub, alleging deceptive pricing
▼ + stars: | 2024-07-31 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Washington, D.C., Attorney General Brian Schwalb sued the online ticket exchange platform StubHub on Wednesday, alleging deceptive and unfair pricing. The lawsuit claims StubHub uses deceptive advertising of low ticket prices to lure consumers who pay vastly more after an arduous checkout process. "This is no accident — StubHub intentionally hides the true price to boost profits at its customers' expense," Schwalb said in a statement. In its lawsuit, the attorney general's office said that from 2014 to 2015, StubHub used "all-in pricing," in which the advertised price included mandatory fees. The complaint alleged that StubHub did a testing period where it randomly assigned consumers to one of the two models.

Persons: Brian Schwalb, Schwalb, StubHub, Eric Baker, Viagogo Organizations: San Francisco . Washington , D.C, Labor, of Columbia, Washington , D.C, eBay Locations: San Francisco . Washington ,, Washington ,

☆ Donald Trump falsely suggests Kamala Harris ‘happened to turn Black’
▼ + stars: | 2024-07-31 | by ( Eric Bradner | Aaron Pellish | ) edition.cnn.com time to read: +7 min

CNN —Former President Donald Trump falsely claimed Wednesday that his 2024 Democratic rival, Vice President Kamala Harris, “happened to turn Black” a few years ago, saying that “all of a sudden, she made a turn” in her identity. I didn’t know she was Black until a number of years ago, when she happened to turn Black, and now she wants to be known as Black. So I don’t know, is she Indian or is she Black?” the former president said. You have attacked Black journalists, calling them a ‘loser,’ saying the questions they ask are, quote, ‘stupid’ and ‘racist.’ You’ve had dinner with a White supremacist at your Mar-a-Lago resort. You’re voting for the president,” Trump said.

Persons: Donald Trump, Kamala Harris, “, Harris, ” Trump, –, ”, Barack Obama, Harris ’, Trump, Rachel Scott, Semafor’s Kadia Goba, Fox News ’ Harris Faulkner, Scott, Nikki Haley, ’ You’ve, Black, Tim Scott of, Feedback Trump, CNN Scott, Karine Jean, Pierre, ” Jean, NABJ, Abraham Lincoln, Lyndon B, Johnson, Daniel Dale, Scott Wednesday, rioter Ashli Babbitt, Vance, Fox News ’ Faulkner, Ohio Sen, JD Vance, who’s, CNN’s Donald Judd Organizations: CNN, Democratic, Republicans, Capitol, National Association of Black Journalists, Howard University, Wednesday, ABC, Fox News, Trump, Sen, White, ”, Civil, CNN Capitol Locations: Chicago, Indian, United States, Oakland , California, Washington, American, Lago, Tim Scott of South Carolina

☆ Kamala Harris’ coalition takes shape with ‘new energy’ from fraying Biden alliance
▼ + stars: | 2024-07-31 | by ( Jeff Zeleny | Eric Bradner | ) edition.cnn.com time to read: +9 min

There’s a new energy that we didn’t have previously,” said Dean, who owns a coffee shop in northwest Detroit. “It’s not just we have an opportunity to make history,” said Dean, who also leads the Michigan Black Business Alliance. “This is America’s border czar – and she’s failed us,” a narrator says over video of Harris dancing at an event. The narrator describes the vice president as “Failed. “How are you feeling about the switch from Biden to Harris?” Stevens asked.

Persons: Dean, Joe Biden, Donald Trump, Kamala Harris, “, ”, Harris, “ It’s, ’, Charles Williams, Joe Biden’s, ” Williams, Biden, –, she’s, ” Trump, Trump, That’s, Rosa, Harris ’, we’ve, ” Dean, “ I’ve, Anna Moneymaker, “ Uncommitted ”, Biden –, Abdullah Hammoud, “ Wth, Hammoud, Benjamin Netanyahu, ‘, Haley Stevens, ” Stevens, Stevens, Reuben Maxbauer, I’m, There’s Organizations: Detroit CNN, Democratic, Biden, Trump, Harris, Michigan Black Business Alliance, Historic King Solomon Baptist Church, “, Democratic National Convention, Liberal, Michigan, Electoral, Michigan Democrats, Dearborn, CNN, Israeli, Trump . Make, Democrats Locations: Detroit, Michigan, Chicago, Central America, Pennsylvania, Wisconsin, Arizona , Nevada , North Carolina, Georgia, Grand Rapids , Michigan, Dearborn, Israel, Gaza, Oakland County

☆ Nvidia pricy, chip buyers looking for alternatives: Investment firm
▼ + stars: | 2024-07-31 | 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 EmailChip investors are looking for cheaper alternatives to Nvidia, investment firm saysEric Lynch, managing director at Scharf Investments, explains why Samsung's stock might be attractive.

Persons: Eric Lynch, Scharf Organizations: Nvidia, Scharf Investments

Roy Cooper has taken himself out of consideration to be Vice President Kamala Harris’ running mate, according to two sources familiar with the discussions, in a sign that the accelerated search has entered a new phase. A decision could come within a week, two people familiar with the matter said, with Harris’ goal to make an announcement before August 7. She intends to have private conversations with top contenders, sources said, but it was unclear whether those discussions have started. Cooper, whose friendship with Harris dates back to their time serving as the attorneys general of their respective states, was also the oldest candidate under consideration. His age, 67, was seen by some Democrats to be at odds with Harris’ push for a vigorous and younger ticket, the sources said.

Persons: Roy Cooper, Kamala Harris ’, Harris ’, Cooper, Harris, Mark Robinson, Josh Shapiro, Arizona Sen, Mark Kelly, Tim Walz, Andy Beshear, Pete Buttigieg Organizations: North Carolina Gov, Republican, Pennsylvania, Arizona, Minnesota Gov, Kentucky Gov, CNN Locations: Kentucky

CNN —Kamala Harris is in the thick of choosing a vice presidential running mate, with her campaign eying an announcement in the coming days that would be immediately followed by a joint tour of a series of battleground states. Harris has not yet conducted formal interviews with the top contenders, one source familiar told CNN. As is typical in vice presidential searches, the Harris campaign has been intently focused on who could help strengthen the Harris ticket’s electoral chances. The Harris campaign declined to comment for this story. With about three months remaining in the race, advisers say, a vice presidential candidate is needed on the campaign trail as soon as Harris makes her decision.

Persons: CNN — Kamala Harris, Harris, Joe Biden, –, Josh Shapiro, Arizona Sen, Mark Kelly, Tim Walz, Roy Cooper, Pete Buttigieg, Andy Beshear, Eric Holder, Tony West, Harris ’, Shapiro, Kelly, ”, “, Biden, Israel, Mike Vereb, ” Manuel Bonder Organizations: CNN, White, Pennsylvania, Minnesota Gov, Tim Walz . North Carolina Gov, Transportation, Kentucky Gov, Democratic, Sun Locations: Arizona, Tim Walz ., Shapiro’s Pennsylvania, Kelly’s Arizona, Pennsylvania, Gaza, Commonwealth, Chicago

☆ Why Silicon Valley Is Going to War Against the Media, Journalists
▼ + stars: | 2024-07-30 | by ( ) www.businessinsider.com time to read: +21 min

Just 20 years ago journalists covered the tech industry "like it didn't matter, like it was this hobbyist, interesting, plucky thing." The pro-tech media gives tech's main characters the chance to write their way back to the original storyline. Trae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Related storiesTrae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Of the members of the news media I talked to about pro-tech media, some were backhandedly laudatory.

Persons: Mike Solana, Solana, Peter Thiel, —, David Sacks, Jason Calacanis, Chamath Palihapitiya, David Friedberg, Elon Musk, Sam Altman, Tucker Carlson, Donald Trump, There's, Coogan, John Coogan, Andreessen Horowitz, Marc Andreessen, they're, Balaji Srinivasan, Mark Zuckerberg, Donald Trump's, Tyler Le, Sam Bankman, Warren Buffett, Trae Stephens, Andreessen, Palmer Luckey, It's, Dick Lucas, Lucas, Joe Rogan, Kamala, Stephens, Packy McCormick, Taylor Lorenz, Ryan Mac, Kevin Roose, Jesse Singal —, Casey Newton, Casey isn't, Casey, Newton, Erik Torenberg, Anthony Fauci, Ellen Pao, Katherine Maher, George Soros, Joe Biden, Chesa Boudin, Boudin, Gavin Newsom, Palihapitiya, Sacks, Trump, JD Vance, Brian Merchant, Ben Smith, Eric Newcomer, he's, Lulu Cheng Meservey, Balaji Srinivasan's, Zoë Bernard Organizations: Fund, Tech, Founders Fund, Apple, Elon, Elite, Sequoia Capital, Pirate, Penguin Group, Big Tech, Card Industry, Washington Post, TechCrunch, Media, NPR, Google, Disney, Twitter, Republican National Convention, Bloomberg, monetization, San, Business Locations: San Francisco, Substack, Silicon Valley, New York, Silicon, Solana, Miami, Francisco, California, Los Angeles

☆ Vice presidents: What this election proves about the importance of running mates
▼ + stars: | 2024-07-30 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —One major lesson from Vice President Kamala Harris’ sudden ascension to be the presumptive Democratic presidential nominee is that running mates matter. It’s a point not lost on some Republicans who are second-guessing Trump’s selection of Vance and Democrats who are anticipating Harris’ pick any day. Harris’ pick could come within days, according to CNN’s MJ Lee and Jeff Zeleny, who write that the pool of candidates has shrunk by one. Biden went on to pick Harris, the first woman of color to be on a national party’s presidential ticket. In 2016, Trump picked then-Indiana Gov.

Persons: Kamala Harris ’, Donald Trump, Sen, JD Vance, Harris, Joe Biden, It’s, Vance, “, Trump, CNN’s Edward, Isaac Dovere, –, Read, MAGA, Sofia Nelson, Vance’s, Vance's, SSRS, CNN’s KFile, ” Trump, Biden, CNN’s MJ Lee, Jeff Zeleny, Roy Cooper, Arizona Sen, Mark Kelly, Gabby Giffords, Josh Shapiro, Pete Buttigieg, CNN’s Piper Hudspeth Blackburn, Karl de Vries, Eric Bradner, Barack Obama, John McCain, Sarah Palin, Mitt Romney, Paul Ryan, Romney’s, Mike Pence Organizations: CNN, Democratic, Oval, Trump, Republican National Convention, Republicans, GOP, Yale Law School, Fox News, The Washington Post, North Carolina Gov, Arizona, House . Pennsylvania, Transportation, Republican, Alaska Gov, Indiana Gov Locations: Ohio, Detroit, “, – Michigan, Wisconsin, Pennsylvania, Scranton , Pennsylvania

Analyst Alex Henderson reiterated his buy rating for the cybersecurity firm but lowered his price target to $375 from $425. JPMorgan analyst Kenneth Worthington attributed a higher assumption for total crypto market cap as one reason for his price target raise. "We see the cryptoecosystem in the midst of a material participation rally, benefitting Coinbase revenue generation near term," the analyst wrote. Analyst Eric Joseph's December 2025 price target of $8 implies a 51% decline ahead for the stock. He also maintained his $725 price target, which implies upside of 15.6% from Monday's close.

Persons: Oppenheimer, Needham, Alex Henderson, CrowdStrike, Henderson, Lisa Kailai Han, Keefe, Bruyette, Meyer Shields, Shields, — Lisa Kailai Han, Kenneth Worthington, JPMorgan downgrades, Eric Joseph's, Joseph, Chipmaker, Simon Coles, Coles, Jason Helfstein, NFLX, Fred Imbert Organizations: CNBC, Barclays, Netflix, Security, Aon, JPMorgan, Sanofi Locations: Woods, Coinbase, China, Monday's

☆ Sex Harassment Suit Is Fourth This Year for a Top Adams Adviser
▼ + stars: | 2024-07-30 | by ( William K. Rashbaum | Dana Rubinstein | ) www.nytimes.com time to read: +1 min

The adviser, Timothy Pearson, also once sexually abused a female pastor, manipulated her into having sex with him and was abusive during the encounter about 10 years ago — prompting her to file a criminal complaint against him, the suit says. The lawsuit is the fourth action this year to accuse Mr. Pearson of sexual harassment. Like two of the others, it was brought by a male police official who said he was disgusted by Mr. Pearson’s treatment of women at a small unit Mr. Adams created to improve government efficiency. Mr. Pearson declined to comment, referring a reporter to a City Hall spokeswoman and a lawyer the city has hired to represent him. That lawyer denied any wrongdoing on Mr. Pearson’s behalf and said he would vigorously defend him and the city against the claims.

Persons: Eric Adams, ”, Timothy Pearson, Mr, Pearson, Adams, Pearson’s Organizations: New York Police Department, City Hall

CNN —Joaquín Guzmán López, the son of the former Sinaloa cartel boss Joaquín “El Chapo” Guzmán, is set to appear in federal court in Chicago Tuesday, just days after he was taken into American custody in a stunning arrest full of international betrayal and intrigue. The court appearance comes after Guzmán López, 38, and Ismael “El Mayo” Zambada, the cartel’s alleged co-founder, were arrested Thursday by US authorities in El Paso, Texas. US law enforcement officials told CNN the arrest came after Guzmán López duped Zambada and orchestrated their arrest. “Joaquín Guzmán López forcibly kidnapped my client. Details on the operation were also highly restricted within the US government until Zambada and Guzmán López were taken into custody, the source said.

Persons: López, Joaquín “, Guzmán, El Chapo –, “, Joaquín, ”, Jeffrey Lichtman, Guzmán López, Ismael “ El, Ismael “ El Mayo ” Zambada, Zambada, Frank Pérez, Andrés Manuel López Obrador, Anne Milgram, El Chapo, –, Christopher Wray, ” Zambada, “ Ismael Mario Zambada Garcia, Zambada Garcia, “ Zambada Garcia, El Chapo’s, Zambada’s, Vicente Zambada Niebla Organizations: CNN, US Justice Department, Ismael “ El Mayo ”, US Drug Enforcement Administration, Congressional Research Service, FBI, US State Department, Justice Department Locations: Sinaloa, Chicago, Illinois, El Paso , Texas, El Paso, Mexico, Joaquín, United States, ”

☆ The biggest basic income pilot in the US found that it didn't stop participants from working and helped get their families into safer situations
▼ + stars: | 2024-07-30 | by ( Noah Sheidlower | Katie Balevic | ) www.businessinsider.com time to read: +7 min

The Basic Income Guaranteed: Los Angeles Economic Assistance Pilot, or BIG:LEAP, gave over 3,200 households $1,000 in monthly no-strings-attached cash payments for 12 months starting in January 2022. BIG:LEAP compared the outcomes of households receiving cash payments to nearly 5,000 households with similar incomes and family situations in the control group. In the last six months, participants were more likely to establish proximate safety and work toward protecting themselves in the future. Overall, it stands in contrast to what some critics of basic income argue, including that cash payments majorly reduce employment or don't prepare participants for the future. Housing cost burdens decreased among all study participants.

Persons: —, Amy Castro, Kyung Elizabeth Kim, Castro, Eric Garcetti, Karen Bass, we're, Kim, They're Organizations: Service, Los, Economic, Business, University of Pennsylvania, UCLA Locations: Los Angeles

☆ The Hermès heir who planned to leave billions to his gardener now says his fortune is gone
▼ + stars: | 2024-07-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Hermès descendant Nicolas Puech planned to leave billions to his former gardener. Now he says his fortune is gone, alleging fraud by his former wealth manager. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNicolas Puech, a descendant of Hermès founder Thierry Hermès — who made headlines last year after he reportedly planned to leave half his fortune to his former gardener — is now claiming his billions have disappeared.

Persons: Nicolas Puech, —, Hermès, Thierry Hermès —, Eric Freymond Organizations: Bloomberg, Service, Business Locations: Gotham

☆ Harris sees opening in Vance as she considers her own pick for vice president
▼ + stars: | 2024-07-29 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +11 min

CNN —Kamala Harris’ plan as a running mate was to brush past JD Vance as nothing but a rubber stamp for Donald Trump. Vance’s elevation — despite his relative lack of government experience — is giving Harris a new opportunity to go after Trump. Several people hoping to get picked as Harris’ ticket mate echoed that message as they angle for the job. Harris, 59, has the unique experience of leading a selection process only four years after going through it herself. “We’re in a position where somebody has done the job of vice president,” a Harris adviser told CNN.

Persons: CNN — Kamala Harris ’, JD Vance, Donald Trump, Harris, Vance, shouldn’t, Joe Biden, ”, Mitch Landrieu, Biden, MAGA, Trump, whacking Vance, ” Landrieu, He’s, ” Harris, —, Cedric Richmond, “, J.B . Pritzker, Pritzker, Hitler ”, Pete Buttigieg —, South Bend , Indiana —, I’m, Steven Cheung, Vance “, Kamala, Eric Holder, Sheila Nix, Barack Obama, “ Harris, James Singer, Arizona Sen, John McCain, Sarah Palin, McCain, Palin, Karoline Leavitt, Donald Trump’s, ” Pritzker, ” “, Trump’s, Harry Truman, ” Buttigieg, Roosevelt, Time, ” Richmond Organizations: CNN, Democratic, Trump, Ohio Republican, Senate, NASA, Biden White, Gov, Transportation, ” Trump, Alaska Gov, Alaska —, City, Biden Locations: Ohio, United States, Louisiana, South Bend , Indiana, Massachusetts, Arizona, Alaska, Wasilla

Ismael “El Mayo” Zambada, the cartel’s alleged co-founder, and Joaquin Guzmán López, son of former boss Joaquin “El Chapo” Guzman, were arrested Thursday by US authorities in El Paso, Texas. “I’m looking forward to seeing Joaquin and working on the case with him,” Lichtman said in an email, adding he’d appear in court with Guzmán López. “Joaquín Guzmán López forcibly kidnapped my client. Details on the operation were also highly restricted within the US government until Zambada and Guzmán López were taken into custody, the source said. “Ismael Mario Zambada Garcia is the long-time leader of the Zambada Garcia faction of the Sinaloa Cartel,” according to the US State Department.

Persons: Ismael “ El, Ismael “ El Mayo ” Zambada, Joaquin Guzmán López, Joaquin “ El Chapo ” Guzman, Frank Pérez, ” Guzmán, Jeffrey Lichtman, “, Joaquin, ” Lichtman, Guzmán López, Anne Milgram, Zambada, Pérez, ” Pérez, ”, Andrés Manuel López Obrador, El Chapo, –, Christopher Wray, ” Zambada, “ Ismael Mario Zambada Garcia, Zambada Garcia, “ Zambada Garcia, Guzmán, Zambada’s, Vicente Zambada Niebla Organizations: CNN, Ismael “ El Mayo ”, US Justice Department, US Drug Enforcement Administration, ”, Congressional Research Service, FBI, US State Department, Justice Department Locations: Sinaloa, El Paso , Texas, El Paso, Chicago, Illinois, United States, Mexico, Joaquin

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