DIRS.INFO The most relevant business & tech news

☆ NYU Nurse Is Fired After Calling the Gaza War a ‘Genocide’ in Speech
▼ + stars: | 2024-05-28 | by ( Joseph Goldstein | ) www.nytimes.com time to read: +1 min

Earlier this month, NYU Langone Health bestowed an award on a labor and delivery nurse for providing compassionate care to mothers who had lost babies. But shortly after, the nurse said, the hospital fired her over the speech she gave when she accepted the award. In it, she spoke of the suffering of Palestinian women amid the Israel-Hamas war, which she called a “genocide.” The nurse, Hesen Jabr, is not the first medical worker to be fired at NYU Langone, a major New York hospital system, over commentary about the Israeli-Palestinian conflict. A young doctor-trainee was also “removed from service” at an NYU Langone hospital on Long Island, according to the hospital, after being accused of posting a message on Instagram defending the Oct. 7 Hamas attack on Israel — though he was later quietly reinstated. In her speech, according to a video she posted on social media, Ms. Jabr drew a connection between her work with grieving mothers in New York and the war in Gaza.

Persons: Hesen, Israel —, Jabr Organizations: NYU Langone Health, NYU Langone, NYU Locations: Israel, New York, Long, Gaza

☆ Stanley Goldstein, Who Helped Make CVS a Pharmacy Giant, Dies at 89
▼ + stars: | 2024-05-27 | by ( Trip Gabriel | ) www.nytimes.com time to read: +1 min

Stanley P. Goldstein, who in the early 1960s helped start a retail chain named Consumer Value Stores, which, after shortening its name to CVS — because, he said, fewer letters meant cheaper signs — grew into the largest drugstore chain in the United States, died on Tuesday at his home in Providence, R.I. The company, which is headquartered in Rhode Island, announced his death. Family members told The Providence Journal that the cause was cancer, diagnosed about a month ago. When he retired as chief executive in 1998, the company had more than 4,000 stores. Today, it has more than 9,000 outlets in the United States and its territories, and its revenues are larger than those of Exxon Mobil, Microsoft and Ford.

Persons: Stanley P, Goldstein Organizations: CVS, Providence Journal, Exxon Mobil, Microsoft, Ford Locations: United States, Providence, R.I, Rhode Island

☆ Summer movie preview 2024: Sequels, some superheroes and more sequels are upon us
▼ + stars: | 2024-05-24 | by ( Dan Heching | ) edition.cnn.com time to read: +19 min

‘Summer Camp’ (May 31)Kathy Bates, Diane Keaton and Alfre Woodard in "Summer Camp." The movie, costarring Vanessa Hudgens, follows 2020’s “Bad Boys for Life” (it seems that title’s promise didn’t quite stick). The film looks dutifully creepy, and stars the talented Dakota Fanning (“Ripley”) as an artist who finds herself in a strange forest in Ireland. ‘Cuckoo’ (August 2)Hunter Schafer in “Cuckoo.” NEONStarring “Euphoria’s” Hunter Schafer in her first lead film role, this horror film looks positively creepy and a bit, well, cuckoo. ‘Blink Twice’ (August 23)A scene from “Blink Twice.” MGMJam packed with a starry cast, “Blink Twice” looks like a perfect late summer movie – attractive people, elaborate action sequences, and mindless mayhem.

Persons: Tom Burke, Anya Taylor, Joy, “, Max, ” Jasin Boland, Warner Bros . Pictures George Miller’s, Mad Max, Max Saga ”, Charlize Theron, ’, Furiosa, Chris Hemsworth, ‘, Garfield, Chris Pratt, Mario, “ Garfield, ”, Pratt, Samuel L, Jackson, Ving Rhames, Nicholas Hoult, Ted Lasso’s ” Hannah Waddingham, Brett Goldstein, Cecily Strong, Bowen Yang, ‘ Ezra ’, Robert DeNiro, Boby Cannavale, William A, Fitzgerald, “ Ezra, ” Wayferer, Robert De Niro, Bobby Cannavale, Rose Byrne, Whoopi Goldberg, Vera Farmiga, Tony Goldwyn, Ezra, Lokiz, Kathy Bates, Diane Keaton, Alfre Woodard, Quantrell Colbert, Eugene Levy, ” Keaton, Martin Lawrence, Will Smith, Frank Masi, Sony Pictures Will Smith, costarring Vanessa Hudgens, Georgina Campbell, Dakota Fanning, “ Ripley, Franka Potente, Tom Tykwer, “ Lola ”, –, Marks, Lola, Pixar’s Oscar, Riley, Amy Poehler, Maya Hawke, Stephen Fry, Lena Dunham, “ Wilde, Hong Chau, Jesse Plemons, Atsushi Nishijima, Oscar, Emma Stone, Yorgos Lanthimos, ” costarring Willem Dafoe, Margaret Qualley, Joe Alwyn, Mamoudou, Hunter Schafer, Jodie Comer, Austin Butler, Kyle Kaplan, Elvis, Butler, Costarring Tom Hardy, ‘ Thelma ’, Squibb, Fred Hechinger, Thelma, “ Thelma ”, Lupita, Gareth Gatrell, John Krasinski’s, Lupita Nyong’o, Joseph Quinn, Hounsou, Jamie Campbell Bower, Kevin Costner, Richard Foreman, Warner, ” Kevin Costner, Steve Carell’s, Well Ferrell, Mia Goth, Halsey, ” Justin Lubin, MaXXXine ”, Pearl ”, Elizabeth Debicki, Michelle Monaghan, Lily Collins, Giancarlo Esposito, Kevin Bacon, Scarlett Johansson, Channing Tatum, Dan McFadden, maven, Woody Harrelson costars, Longlegs ’, Maika Monroe, Nicolas Cage, Daisy Edgar, Jones, Anthony Ramos, Glen Powell, Melinda Sue Gordon, Bill Paxton, Helen Hunt, ‘ Deadpool, Ryan Reynolds, Hugh Jackman, Wolverine, Logan, Deadpool, Dìdi ’, Izaac Wang, “ Didi, ‘ Harold, Rel Howery, Benjamin Bottani, Zachary Levi, Harold, Hopper Stone, Crockett Johnson, “ Harold ”, “ Euphoria’s ” Hunter Schafer, Schafer, Dan Stevens, David “, ” Giraudy, Sean San José, Colman Domingo, “ Rustin, ” Colman Domingo, Domingo, ‘ Kneecap ’, ” Curzon, that’s, Michael Fassbender, Josh Hartnett, Ariel Donoghue, Sabrina Lantos, hasn’t, Taylor Swift, Justin Baldoni, Blake Lively, Nicole Rivelli, Colleen Hoover, Costarring Justin Baldoni, Jenny Slate, Hasan Minhaj, Cate Blanchett, Ariana Greenblatt, Kevin Hart, Florian Munteanu, Jamie Lee Curtis, they’re, “ Barbie, Romulus ’, David Jonsson, Andy, Romulus, Fede Alvarez, Priscilla ”, Spaeny –, Sigourney Weaver, Elliot Page, ” Elliot Page, Sam, Costarring Hillary Baack, Wendy Crewson, Channing Tatum’s, Naomi Ackie, Alia Shawkat, Kyle MacLachlan, Christian Slater, Haley Joel Osment, Geena Davis, Zoë Kravitz, Bill Skarsgard, Larry Horricks, Brandon Lee, James O’Barr, soulmate Shelly, Casey Affleck, Laurence Fishburne, Bleecker, Bleecker Street Laurence Fishburne, Saturn, ‘ Reagan ’, Dennis Quaid, Reagan, Rawhide Pictures Dennis Quaid, Ronald Reagan, Penelope Ann Miller, Nancy Reagan Organizations: CNN, Labor, Warner Bros . Pictures, Fury, Garfield, Mario Bros, Academy, ”, Sony Pictures, Warner Bros, Apple, Pixar, Searchlight, Magnolia Pictures, Squibb, “ Nebraska, Paramount Pictures, “, Sony, FBI, Lambs, Universal Pictures, Marvel, Century Fox, Disney, Columbia, Sundance, Warner Bros ., Lionsgate, Galaxy, Oscar, MGM, Bleecker Street, Rawhide Pictures Locations: Hollywood, New York City, Ireland, Berlin, “, Poland, Hong, 60s Chicago, “ MaXXXine, “ Longlegs, New York State, ‘, United States

☆ How Donald Trump’s Financial Future Became Tied to Trump Media
▼ + stars: | 2024-05-21 | by ( Matthew Goldstein | David Yaffe-Bellany | ) www.nytimes.com time to read: 1 min

At Mar-a-Lago on a Wednesday evening last month, Donald J. Trump mingled with partygoers, greeting his supporters and making small talk. The country star Lee Greenwood sang “God Bless the U.S.A.,” and the former president’s oldest son, Donald Jr., gave a speech. The elder Mr. Trump was presiding over a cocktail reception for about 150 guests to celebrate the public debut of Trump Media & Technology Group, the parent company of his social media app, Truth Social. Trump Media’s share price had soared in its first day of trading, adding billions of dollars to Mr. Trump’s wealth. They were invited via the free Paperless Post app and told they couldn’t bring a plus one, according to a copy of the invitation.

Persons: Donald J, Trump, Lee Greenwood, Donald Jr Organizations: Mar, Trump Media & Technology Group, Trump

☆ Trump Media Reports Lackluster Revenues and Large Losses
▼ + stars: | 2024-05-20 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

On Monday, former President Donald J. Trump’s social media company reported taking in $770,000 in advertising revenue in the first three months of the year, largely from its Truth Social platform, as it continued to incur hefty losses. The company, Trump Media & Technology Group, completed a long-awaited merger in March with Digital World Acquisition Corporation, a cash-rich shell company that served as a vehicle for taking Trump Media public. After the merger, Trump Media said it had about $274 million in cash and cash equivalents on its balance sheet, which would enable the company to “fund operations for the foreseeable future.”The public debut of Trump Media has been a boon to Mr. Trump, who owns a nearly 65 percent stake, worth about $6 billion. In a regulatory filing, the company said that it took in $770,000 in the past quarter, compared with $1.1 million in revenue in the year-ago quarter. The company said that much of the revenue “decrease was attributable to a change in the revenue share with one of our advertising partners.”

Persons: Donald J, Trump, ” Organizations: Trump Media & Technology Group, Acquisition Corporation, Trump Media

☆ BlackRock's COO said he gave his staff a memo written by ChatGPT and they couldn't tell AI wrote it
▼ + stars: | 2024-05-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewEmployees at the investment behemoth BlackRock couldn't tell that a strategy memo they were reading was actually written by ChatGPT, the company's COO said on Thursday. BlackRock COO Robert Goldstein recounted the anecdote during an interview with Fortune's Lee Clifford. Goldstein said he'd worked with his team to prepare a memo on the company's generative AI strategy for a board meeting that took place "several months ago." But instead of drafting it themselves, Goldstein decided that the team should get ChatGPT to write the memo instead. Last month, BlackRock CEO Larry Fink said in an earnings call that the company's investments in AI would bolster productivity.

Persons: —, BlackRock, ChatGPT, Robert Goldstein, Fortune's Lee Clifford, Goldstein, he'd, BlackRock didn't, Larry Fink, Fink, Kristalina Georgieva, Georgieva Organizations: Service, BlackRock, Finance, Business, BI, IMF, Swiss Institute of International Studies Locations: New York, BlackRock, Zurich

☆ Trump Media Stock Rises Again, Adding Billions to Former President’s Stake
▼ + stars: | 2024-05-15 | by ( Matthew Goldstein | ) www.nytimes.com time to read: 1 min

Shares of former President Donald J. Trump’s social media company have been on a wild ride since making their debut on Wall Street in March: soaring, crashing and then climbing again. The rally has pushed the value of Mr. Trump’s majority stake in the company to some $6 billion, a major windfall as he ramps up his presidential campaign and faces steep legal bills tied to the multiple cases against him. On Wednesday, the share price of Trump Media & Technology Group traded at around $53, approaching where the parent company of Truth Social ended its first day of trading on March 26, at just under $58. Mr. Trump owns nearly two-thirds of the company, but he is not allowed to sell his shares or use them as collateral for a few months. Trump Media’s multibillion-dollar market valuation has put it in the same league as established companies like American Airlines and Hasbro.

Persons: Donald J, Trump Organizations: Trump Media & Technology Group, Truth Social, American Airlines, Hasbro, & $

☆ In the EV future, Thailand, the 'Detroit of Asia,' could be a key China hedge for automakers
▼ + stars: | 2024-05-12 | by ( Vikram Barhat | ) www.cnbc.com time to read: +4 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTVisitors inspect a Tesla Model Y car during the 40th Thailand International Motor Expo at the Impact Challenger hall in Nonthaburi. A Trump reelection is not even necessary: the Biden administration may introduce 100% tariffs on Chinese EVs next week, according to reporting on Friday. Chinese EV makers, including BYD, have earmarked $1.44 billion in new production facilities in Southeast Asia's second-largest economy. Tesla Thailand recently rolled out a special financing program to spur more sales. Southeast Asia is a growing auto market, and Thailand is already the region's biggest car producer and exporter, with Toyota, Honda, Nissan, Ford, GM and Mercedes-Benz having already embraced Thailand as a regional headquarters.

Persons: Goldstein, Donald Trump, Trump, Biden, There's, Tu Le, Tesla, Le, Steven Dyer, AlixPartners, Frank, Walter Steinmeier Organizations: Tesla, Getty, Auto, Nurphoto, Nikkei, Krungsri Securities, Nikkei Asia, Ford, Toyota, Honda, Nissan, GM, Mercedes, Benz Locations: Thailand, Nonthaburi, U.S, Southeast Asia, Beijing, Detroit, China, Trump, Bangkok, Nonthaburi Province, Nikkei Asia, Southeast Asia's, Shanghai

The House of Representatives is one of Washington’s most raucous forums, a free-for-all of personalities with profiles to raise and points to score. But it turns out that the rough-and-tumble of steering a public school district — board sessions, P.T.A. meetings, battles over textbooks and discipline — may be sound preparation for the rough-and-tumble of testifying before the House. As public school leaders showed on Wednesday, mixing it up a bit can go far toward neutralizing a Congress with a craving for the spotlight. At earlier hearings, university presidents opted for strategies of conciliatory genuflection or drab, lawyerly answers.

Persons: ” David C, Banks, ” Organizations: Education, New Locations: America, New York City

☆ Financier Found Guilty in Trump Media Insider Trading Trial
▼ + stars: | 2024-05-09 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Federal prosecutors had charged Bruce Garelick with five counts of securities fraud and conspiracy. The information helped two brothers — Michael Shvartsman and Gerald Shvartsman — make nearly $23 million in illegal trading profits by buying Digital World securities in advance of the announcement, which sent the stock soaring. Mr. Garelick, who worked for Michael Shvartsman at a small Miami-based venture capital firm, Rocket One, made about $50,000 by trading off what the authorities said was nonpublic information. Last month, the Shvartsman brothers decided to forgo a trial and pleaded guilty to securities fraud charges. In their plea agreements, prosecutors have recommended a sentence of roughly four to five years for Michael Shvartsman and three to four years for his younger brother.

Persons: Donald J, Bruce Garelick, Garelick, — Michael Shvartsman, Gerald Shvartsman —, Michael Shvartsman Organizations: Trump Media & Technology Group, Truth, Acquisition Corporation, Digital Locations: Manhattan, Miami

☆ Live Updates: House Examining K-12 Schools in Latest Antisemitism Hearing
▼ + stars: | 2024-05-08 | by ( Dana Goldstein | ) www.nytimes.com time to read: +4 min

He can expect a grilling over concerns of antisemitism at city schools, including at his alma mater, Hillcrest High School in Queens. “That’s not an issue of taking sides,” Mr. Banks said. New York City is one of the most diverse school districts in the world with large number of Jewish, Arab and Muslim families. Mr. Banks, who has twice traveled to Israel, added that he was “profoundly moved” on a visit to Yad Vashem, the country’s official Holocaust memorial. After watching university leaders at the two prior hearings on antisemitism, Mr. Banks said his greatest takeaway was simply to be authentic.

Persons: David Banks, “ we’ve, ” David C, Banks, Claudine Gay, Liz Magill, Nemat, ”, “ That’s, “, we’ve, Yad Vashem, I’m Organizations: New, Columbia University, House Education, Work Force, Hillcrest High School, Harvard, University of Pennsylvania, New York, Muslim Locations: New York City, —, Israel, Queens, America, Gaza, Yad, New York

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ House Republicans to Examine K-12 Schools in Latest Antisemitism Hearing
▼ + stars: | 2024-05-08 | by ( Dana Goldstein | ) www.nytimes.com time to read: +1 min

House Republicans will hold a hearing on Wednesday morning looking for the first time into accusations of antisemitism in elementary and secondary schools since the Oct. 7 attack on Israel by Hamas. District leaders from three politically liberal regions across the country — New York City, Berkeley, Calif., and Montgomery County, Md. — are expected to testify before members of the House Committee on Education and the Workforce. The House, which is controlled by Republicans, has already held two contentious hearings on antisemitism in higher education, which helped lead to the toppling of Claudine Gay, Harvard’s president, and M. Elizabeth Magill, the president of the University of Pennsylvania. But the district leaders — David Banks, chancellor of New York City schools; Enikia Ford Morthel, superintendent of Berkeley schools; and Karla Silvestre, the school board president in Montgomery County — face different issues than college leaders.

Persons: —, Claudine Gay, Elizabeth Magill, David Banks, Enikia Ford Morthel, Karla Silvestre Organizations: Hamas, Education, Workforce, Republicans, University of Pennsylvania, New Locations: Israel, York City, Berkeley, Calif, Montgomery County, Md, New York City

If we really care about solving for antisemitism, and I believe this deeply, it’s not about having gotcha moments. And we’ve got to figure out how do we unpack all of it at the same time. But the ultimate answer for antisemitism is to teach, to expose young people to the Jewish community so that they understand our common humanity. This, this convening for too many people across America in education feels like the ultimate gotcha moment. It doesn’t sound like people are actually trying to solve for something that I believe we should be doing everything we can to solve for.

Persons: it’s, we’ve Locations: America

☆ Bill Hwang, Whose Firm Archegos Collapsed in 2021, Is About to Go on Trial
▼ + stars: | 2024-05-08 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Three years ago, a multibillion-dollar investment firm called Archegos Capital Management blew up with little warning, causing big losses for some Wall Street banks and leading to federal criminal charges against the firm’s founder, Bill Hwang. On Wednesday, Mr. Hwang, 60, who was charged with 11 counts of securities fraud, wire fraud, conspiracy, racketeering and market manipulation, is set to go on trial in Manhattan federal court. Federal prosecutors are seeking to secure a conviction in a major stock market manipulation case in which Mr. Hwang, whose legal name is Sung Kook Hwang, was one of the big financial losers. Archegos had managed money mainly for Mr. Hwang, his family and some of his employees, and much of his family’s wealth was wiped out when the firm collapsed in March 2021. Also on trial with Mr. Hwang is Patrick Halligan, the former chief financial officer of Archegos.

Persons: Bill Hwang, Hwang, Sung Kook Hwang, Archegos, Patrick Halligan Organizations: Archegos Capital Management, Authorities Locations: Manhattan, Wall

☆ Live Updates: House to Examine K-12 Schools in Latest Antisemitism Hearing
▼ + stars: | 2024-05-08 | by ( Dana Goldstein | ) www.nytimes.com time to read: +4 min

☆ House Republicans’ Next Target: Reports of Antisemitism in K-12 Schools
▼ + stars: | 2024-05-07 | by ( Dana Goldstein | Sarah Mervosh | ) www.nytimes.com time to read: +1 min

School district officials have faced off with students, parents, school board members and teachers about issues related to the Israel-Hamas war — but until now, not members of Congress. For the three public school leaders, who are likely to face a similarly tense environment, “it’s hard to imagine a less welcome invitation,” said Justin Driver, a professor at Yale Law School who is an expert on how constitutional law applies to schools. The three school districts, all diverse, have robust American Jewish communities. They are also in staunchly liberal areas, making them ripe targets for the Republicans who run the committee. And they have had their share of controversies.

Persons: ”, Justin Driver Organizations: —, Education, Workforce, Yale Law School, Republicans Locations: Israel, — New York City, Berkeley, Calif, Montgomery County, Maryland

One of the people arrested at Columbia University this week was a middle-aged saxophonist who headed up to the campus from his Hell’s Kitchen apartment after learning about the protests on social media. A third had been active in other left-leaning protests across the city but also happened to work as a nanny nearby. She went to the university gates on Tuesday and linked arms with other protesters in an unsuccessful attempt to thwart the advancing officers, she said. After pro-Palestinian demonstrators occupied a building on Columbia’s campus this week, demanding that the university end all financial ties with Israel, the New York Police Department moved in and arrested more than 100 people there. Mayor Eric Adams and other city leaders have accused so-called outside agitators — professional organizers with no ties to the university — of hijacking a peaceful student protest and spurring its participants to adopt ever more aggressive tactics.

Persons: Eric Adams, — Organizations: Columbia University, New York Police Department Locations: Israel

☆ Auditor That Works for Trump Media Is Charged With Fraud
▼ + stars: | 2024-05-03 | by ( Matthew Goldstein | More About Matthew Goldstein | ) www.nytimes.com time to read: +1 min

An accounting firm that audits the financial statements of hundreds of public companies including former President Donald J. Trump’s social media company can no longer do so, U.S. securities regulators said on Friday. The Securities and Exchange Commission charged the firm, BF Borgers, with fraud, saying that it had failed to comply with accounting rules. The regulator held BF Borgers and its owner, Benjamin F. Borger, responsible for “deliberate and systemic failures” to comply with accounting rules. Many companies that used BF Borgers must now find new auditors. Trump Media & Technology Group, the parent company of the Truth Social platform, has been a client of BF Borgers since 2022, according to regulatory filings.

Persons: Donald J, BF, Benjamin F, Borgers Organizations: Securities, Exchange Commission, Trump Media & Technology Group, Trump Media Locations: U.S, Borger

☆ Truth Social Co-Founder Says Trump Nearly Derailed Deal That Led to Market Windfall
▼ + stars: | 2024-05-01 | by ( Matthew Goldstein | More About Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump’s social media company is currently worth over $6 billion. But the agreement that set the stage for its stock market debut in March was nearly derailed years earlier by Mr. Trump, who is now the biggest beneficiary of its richly valued stock, one of the firm’s co-founders said on Wednesday. Andy Litinsky, who helped start Trump Media & Technology Group, the parent company of Truth Social, testified in federal court that he had doubts about whether Mr. Trump would agree to take the firm public by merging it with a cash-rich shell company, even as the deal-signing ceremony was set to take place at the former president’s Mar-a-Lago residence in late 2021. Mr. Litinsky, a former contestant on Mr. Trump’s reality television show “The Apprentice,” said that before the ceremony, Mr. Trump had asked him whether he should go ahead with the merger of Trump Media and the shell company, Digital World Acquisition Corporation. Mr. Litinsky was in court in Manhattan testifying as a witness in an insider trading trial that arose from an investigation of traders who made millions of dollars with well-timed purchases of Digital World’s stock before the merger announcement on Oct. 20, 2021.

Persons: Donald J, Trump, Andy Litinsky, Litinsky, ” Organizations: Trump Media & Technology Group, Truth, Trump Media, Acquisition, Mr, Digital Locations: Manhattan

☆ Buy this 'dirt-cheap,' top-rated dividend stock with a 4% yield, Morningstar says
▼ + stars: | 2024-04-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

There's one dividend stock that Morningstar says is "deeply undervalued" right now and which it's bullish on for the long term. "Yet we're bullish on this undervalued stock for the long term. Goldstein noted that FMC's products lean toward insecticides, which generate over half of its revenue. According to FactSet, FMC has an indicated annual dividend yield of 4% for 2024. "FMC stock looks deeply undervalued, trading at half of what we think it's worth," Goldstein added.

Persons: Morningstar, Seth Goldstein, Goldstein, Morningstar's, Dave Sekera Organizations: Morningstar, FMC Locations: FactSet

☆ The red flags that will tell us when China's actually ready to invade Taiwan
▼ + stars: | 2024-04-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +12 min

"I don't think they lack for anything that they need," Lyle Goldstein, director of Asia engagement at Defense Priorities, said of China's forces. Military forces are being deployed nearer to Taiwan than ever, effectively shortening Taiwan's reaction time. Stockpiling of China's rocket force, too, suggests it would have more than enough missiles and rockets to target Taiwan. One common concern is that as China's military exercises around Taiwan have grown in frequency and size, the line between exercise and potential attack is becoming blurred. Xie Huanchi/Xinhua via Getty ImagesExperts, as well as US and Taiwan lawmakers and military officials, have long debated about the readiness of the People's Liberation Army as China's military is known.

Persons: —, Lyle Goldstein, Stringer China, Xi, Thomas Shugart, who's, Shugart, Goldstein, Mike Studeman, Xi Jinping, Dean Cheng, haven't, Cheng, Xie Huanchi, There's, Kyle Amonson, Dane Egli, Annabelle Chih, Getty Images Goldstein, Joe Biden Organizations: Service, Business, Defense, REUTERS, Taiwan's, Taiwan's Ministry of Defense, US Department of Defense, China Economic, Security, PLA, Patriot, US, Center, New, New American Security, Marine Corps, China Coast Guard, Scarborough, ROSA, Military, of Naval Intelligence, Pacific Command, US Institute of Peace, of, People, Getty Images, People's Liberation Army, CCP, Soviet, Center for Strategic, International Studies, Japan, US Coast Guard, Chinese Communist Party, Democratic Progressive Party, Kyodo, Stills Locations: China, Taiwan, Asia, Liaoning, Beijing, New American, AFP, Hong Kong, Xinhua, DoD's China, Cuba, US, Tainan, Japan, Philippines

☆ How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy
▼ + stars: | 2024-04-25 | by ( David Yaffe-Bellany | Matthew Goldstein | ) www.nytimes.com time to read: 1 min

One afternoon last month, Chad Nedohin, a part-time pastor and die-hard supporter of Donald J. Trump, put on a pirate costume, set up his microphone and recited a prayer. Mr. Nedohin was opening his latest livestream on the right-wing video site Rumble, where he has about 1,400 followers who share a devotion to Trump Media & Technology Group, the former president’s social media company. “Faith comes from hearing — that is, hearing the good news about Christ,” said Mr. Nedohin, 40, his face framed by fake dreadlocks under a pirate-style hat. Mr. Nedohin and his viewers were waiting for the results of a merger vote that would determine whether Mr. Trump’s company could start selling stock on Wall Street. Soon the news about Trump Media arrived via an audio feed: It was going public.

Persons: Chad Nedohin, Donald J, Trump, Nedohin, Faith, ” Organizations: Trump Media & Technology Group, Trump Media

☆ Cicadas Are Emerging Now. How Do They Know When to Come Out?
▼ + stars: | 2024-04-24 | by ( Carl Zimmer | ) www.nytimes.com time to read: +1 min

Trillions of noisy, red-eyed insects called cicadas are emerging from the earth after more than a decade of feeding on tree roots. This spring, Brood XIX, known as the Great Southern Brood, and Brood XIII, or the Northern Illinois Brood, are emerging simultaneously. The Great Southern Brood, which emerges across the South and the Midwest every 13 years, has been seen at sites scattered from North Carolina to Georgia. The Northern Illinois Brood, which appears every 17 years in the Midwest, is expected to appear in the next month, as temperatures there warm. “There’s surprisingly little information about cicadas that you’d like to know,” said Raymond Goldstein, a physicist at the University of Cambridge.

Persons: “ There’s, ”, Raymond Goldstein Organizations: Southern, Northern Illinois, Midwest, The Northern Illinois Brood, University of Cambridge Locations: United States, North Carolina, Georgia, The, Midwest

☆ Legal Fight Over Trump Media’s Ownership Adds to Its Woes
▼ + stars: | 2024-04-18 | by ( Matthew Goldstein | David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

In February, they sued the company, claiming that Trump Media — which made its trading debut last month at an $8 billion valuation — was trying to deprive them of the full value of their shares. Now they also claim the company is trying to prevent them from selling those shares. In a separate lawsuit that followed, Trump Media claimed that Mr. Moss and Mr. Litinsky should forfeit their shares because their poor decision-making had contributed to a yearslong delay in its merger with Digital World Acquisition Corporation. Trump Media agreed to merge with Digital World, a cash-rich shell company, in 2021 as a way to go public, but the deal closed only in March. The pair’s stake is worth more than $220 million based on the current $26 share price of Trump Media, compared with $2 billion for Mr. Trump.

Persons: Wes Moss, Andy Litinsky, Donald J, Trump, Moss, Litinsky Organizations: Trump Media & Technology Group, Truth, Trump Media, Acquisition Corporation

Search resuls for: "" Goldstein"

25 mentions found