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☆ Morgan Stanley has a new AI stock play, that's applying the technology to law enforcement
▼ + stars: | 2024-12-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Axon Enterprise could be set up for continued gains in the months ahead, according to Morgan Stanley. Analyst Meta Marshall upgraded the stock to overweight, and her price target of $700 reflects about 10% upside from Monday's close. This comes as the stock has risen more than 146% year to date. "While the name is expensive and may need to grow into valuation given run YTD, over the long term, we see it as a core holding." "As a result, we are more willing to ascribe value to AI portfolio pulling through other products, which could lead to additional valuation upside (as prelim AI portfolio pull through is likely built into price after recent run)," Marshall continued.

Persons: Morgan Stanley, Meta Marshall, Marshall, FactSet –

☆ Opinion | Can Rahm Emanuel Flip the Script Again?
▼ + stars: | 2024-12-03 | by ( Bret Stephens | ) www.nytimes.com time to read: +1 min

There’s a buzz around Rahm Emanuel — the former Bill Clinton adviser, former Illinois congressman, former chief of staff to President Barack Obama, former mayor of Chicago — possibly becoming the next head of the Democratic National Committee. “What started as two wars in two theaters is now one war in two separate theaters,” he says of the conflicts in Ukraine and the Middle East. “We need to ensure that it does not expand into a third theater.”How soon might that happen? I mention 2027, a year that’s often seen as China’s target date for reunification with Taiwan, if necessary by force. Unlike with Taipei, to which America’s obligations are deliberately ambiguous, with Manila and Seoul our defense commitments are ironclad.

Persons: Rahm Emanuel —, Bill Clinton, Barack Obama, Chicago —, Walter Mondale, Howard Baker, ”, it’s, Emanuel, Kim Jong, “ Organizations: Democratic National Committee, North Korean, South Locations: Illinois, Chicago, Japan, New York City, Asia, Ukraine, Taiwan, North, South Korea, Russia, South China, China, Philippines, Taipei, Manila, Seoul

☆ Justice Dept.’s Apolitical Tradition Is Challenged by 2 Presidents
▼ + stars: | 2024-12-03 | by ( Devlin Barrett | ) www.nytimes.com time to read: 1 min

The special counsel appointed to investigate President-elect Donald J. Trump is wrapping up his work without the charges he brought in two cases ever going in front of a jury. The special counsel named to lead the inquiry into Hunter Biden, the president’s son, has just seen the two convictions he secured wiped away by a presidential pardon. Mr. Trump, whose election victory last month has done nothing to blunt his desire for retribution against those who pursued or opposed him, is trying to install a new F.B.I. director, Kash Patel, dedicated to turning the nation’s premier law enforcement agency upside down. And President Biden, who for years cast himself as the principled defender of democratic norms and the rule of law, defended his grant of clemency to his son by saying Hunter had been “selectively, and unfairly, prosecuted” in a process infected by “raw politics.”

Persons: Donald J, Hunter Biden, Trump, Kash Patel, Biden, Hunter, ” Organizations: Trump

☆ What happens next after an extraordinary night of political upheaval in South Korea?
▼ + stars: | 2024-12-03 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

Key US military installations dot South Korea, and there are nearly 30,000 American troops stationed in the country. Video Ad Feedback Analyst says South Korean president made one of the ‘great political errors’ 01:31 - Source: CNNIs this unusual for South Korea? South Korea has been a vibrant democracy since the 1980s, with regular protests, free speech, fair elections and peaceful transfers of power. But South Korea has a dark political past. It wasn’t until 1988 that South Korea elected a president through free and direct elections.

Persons: Yoon Suk, Yoon’s, Yoon, ”, Yoon Suk Yeol, Chung Sung, ” Yoon’s, he’d, –, Jung Yeon, Camp Humphreys, Kim Jong Un’s, Yonhap Organizations: South Korea CNN, Democratic Party, National Assembly, South, Getty, US, Japan, Reuters, CNN Locations: Seoul, South Korea, South Koreans, United States, sympathizing, North Korea, Korea, AFP, Philippines, Asia, Pacific, Ukraine, Korean, South Korean

☆ CNN on the scene outside parliament as South Korea’s president says he will lift martial law order
▼ + stars: | 2024-12-03 | by ( Caroline Baxendale | ) edition.cnn.com time to read: 1 min

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☆ Stocks making the biggest moves midday: Tesla, U.S. Steel, FedEx, AT&T and more
▼ + stars: | 2024-12-03 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

U.S. Steel — Shares dropped 8.6% Tuesday, the day after President-elect Donald Trump said he would stop Japan's Nippon Steel from buying the Pittsburgh steelmaker. Zscaler — The cloud security company posted in-line guidance for its fiscal second quarter revenue that disappointed investors, sending shares more than 3.5% lower. PSQ Holdings — Shares surged 89% after Bloomberg News, citing people familiar with the matter, reported Donald Trump Jr. could join the board of PSQ Holdings as soon as Tuesday. South Korean stocks — U.S.-listed shares of South Korean stocks slumped after the country's president declared martial law. FedEx — The Memphis-based package delivery company slipped 3.3% after being downgraded at Bernstein to market perform from outperform.

Persons: Donald Trump, Redburn, LSEG, Zscaler, Donald Trump Jr, Cleanspark, Tesla, Elon Musk's, Bernstein, OLLI, Mgmt, Jesse Pound, Sarah Min, Hakyung Kim, Pia Singh, Michelle Fox Organizations: . Steel, Nippon Steel, Pittsburgh, Holdings, PSQ Holdings, Bloomberg, Revenue, U.S, South, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, FedEx —, Wells Locations: Delaware, Korea, Franklin FTSE South, Memphis, Wells Fargo

☆ South Korean History Is Scarred by Martial Law
▼ + stars: | 2024-12-03 | by ( Ephrat Livni | More About Ephrat Livni | ) www.nytimes.com time to read: +1 min

For many younger South Koreans, President Yoon Suk Yeol’s short-lived declaration of martial law late Tuesday night was their first exposure to a kind of turbulence that older generations remember all too well. Since South Korea was founded in 1948, a number of presidents have declared states of military emergency. The most recent — and the most notorious, perhaps — came after the 1979 assassination of President Park Chung-hee, a former general who had occasionally used martial law himself to crack down on political protests and opposition since seizing power in 1961. Soon after Mr. Park was killed, a general, Chun Doo-hwan, staged his own coup. In May 1980, he declared martial law, banning all political activities, closing schools and arresting dissidents.

Persons: Yoon Suk, —, Park Chung, Park, Chun Organizations: South, Mr Locations: South Korea, Gwangju

☆ Martial Law in South Korea Tests Biden and a Key U.S. Alliance
▼ + stars: | 2024-12-03 | by ( Edward Wong | Michael Crowley | ) www.nytimes.com time to read: +2 min

President Biden has put a special emphasis on South Korea, choosing it as the first non-U.S. site for his annual international conclave, the Summit for Democracy. And in 2023, he hosted President Yoon Suk Yeol for a state dinner at the White House, where the tuxedo-clad Mr. Yoon sang “American Pie” to an adoring audience. Mr. Biden has also relied on Mr. Yoon to provide munitions for Ukraine’s defense against the Russian invasion. Now, with Mr. Yoon imposing martial law after wildly accusing the opposition party of conspiring with North Korea to undermine him, the American alliance with South Korea faces its biggest test in decades. We are seriously concerned by the developments we are seeing on the ground in the R.O.K.”

Persons: Asia —, Biden, Yoon Suk, Yoon, ”, Mr, Yoon’s Organizations: Summit for Democracy, White, White House National Security Council Locations: South Korea, U.S, Asia, Russian, North Korea, China, Russia, Washington, Republic of Korea

☆ Elon Musk says the latest rejection of his mega Tesla payday is 'totally crazy'
▼ + stars: | 2024-12-03 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk hit out at a Delaware judge's latest rejection of his mega pay package. The Tesla CEO said the ruling was "totally crazy" and "absolute corruption." Musk and Tesla supporters have criticized the ruling in posts on social media. Elon Musk hit out at a Delaware judge's latest rejection of his mega pay package. AdvertisementCathie Wood, founder of CEO of ARK Invest and a long-term Tesla investor, said on X: "Judge McCormick is an activist judge at its worst.

Persons: Elon, Elon Musk, Kathleen St, J, McCormick, Tesla, Musk, Cathie Wood, Paul Graham, Y Combinator, That's, Shaun Maguire Organizations: Tesla, ARK Invest, Sequoia Capital Locations: Delaware, Nevada

☆ CNN reporter describes the scene in Seoul after S. Korean president declared martial law
▼ + stars: | 2024-12-03 | by ( Josephine Hitchings | ) edition.cnn.com time to read: 1 min

☆ South Korean parliament votes to lift president's martial law declaration
▼ + stars: | 2024-12-03 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Members of the military make their way through the crowd in front of the National Assembly, after South Korean President Yoon Suk Yeol declared martial law, in Seoul, South Korea, December 4, 2024. The South Korean National Assembly voted to overturn President Yoon Suk Yeol's martial law decree Wednesday morning in Seoul. Under the martial law declaration, all political activities and acts that "incite social disorder" are prohibited. However, Yoon's martial law decree came as a shock even to members of his People Power Party. The party's leader, Han Dong-hoon, and Seoul Mayor Oh Se-hoon both voiced their opposition to Yoon's martial law declaration on Tuesday night.

Persons: Yoon Suk Yeol, Yoon Suk, Yoon, Han Dong Organizations: National Assembly, South, South Korean National Assembly, National, Military, People Power Party, Seoul, Democratic Party Locations: Seoul, South Korea, Republic of Korea, Korean

☆ South Korean president declares martial law
▼ + stars: | 2024-12-03 | by ( Ellen Rittiner | ) edition.cnn.com time to read: 1 min

☆ Supreme Court to Hear Challenge to Tennessee’s Ban on Transgender Care
▼ + stars: | 2024-12-03 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

A little more than four years ago, the Supreme Court delivered a surprise victory to L.G.B.T.Q. Rejecting the position of the Trump administration, the court ruled by a lopsided margin that a federal civil rights law protected transgender people from workplace discrimination. In the intervening years, transgender rights have become a ferocious battleground in the culture wars, and controversies over health care, bathrooms, sports and pronouns played a prominent role in the presidential campaign. But the Supreme Court has had only glancing encounters with such issues since the employment discrimination case in 2020, which featured a majority opinion from Justice Neil M. Gorsuch, Mr. Trump’s first appointee to the court. That will change on Wednesday, when the court hears its second major case on transgender rights, a challenge to a Tennessee law that prohibits some medical treatments for transgender youths.

Persons: Trump, Neil M, Gorsuch, Trump’s Locations: Tennessee

☆ South Korean won falls sharply against the U.S. dollar after president declares martial law
▼ + stars: | 2024-12-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A television screen shows a news broadcasting of South Korean President Yoon Suk Yeol delivering a speech on emergency martial law, in Goyang, northwest of Seoul, on December 3, 2024. South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared an emergency marital law. The U.S. dollar traded up as much as 2.7% against the won, before paring gains. Speaking during an unannounced televised briefing, South Korea's Yoon accused opposition lawmakers of controlling the parliament and throwing the country into a political crisis. Martial law refers to the temporary imposition of military authority over a civilian population, typically during a time of emergency.

Persons: Yoon Suk, South Korea's, Yoon Suk Yeol, Korea's Yoon, Yoon, hasn't Organizations: South, U.S, U.S . Locations: Goyang, Seoul, Republic of Korea, Korean, Asia's

☆ South Korea president declares emergency martial law
▼ + stars: | 2024-12-03 | by ( Peter Wilkinson | ) edition.cnn.com time to read: 1 min

☆ Shots fired near home of Treasury Secretary Janet Yellen in 'agent involved shooting'
▼ + stars: | 2024-12-03 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Treasury Secretary Janet Yellen delivers remarks on the Inflation Reduction Act after visiting the site of a new paperless processing initiative in McLean, Virginia, on August 2, 2023. Multiple shots were fired early Tuesday morning near the Washington, D.C., home of Treasury Secretary Janet Yellen in what senior law enforcement officials called an "agent involved shooting," NBC News reported. Yellen, who is protected by U.S. Secret Service agents, was not under threat during the incident, law enforcement sources told NBC. The Secret Service did not immediately respond to CNBC's request for comment. The incident will be investigated by the U.S. Attorney's Office in Washington and Washington Metropolitan Police.

Persons: Janet Yellen, Yellen Organizations: D.C, NBC, Secret Service, U.S, Attorney's, Washington Metropolitan Police Locations: McLean , Virginia, Washington

☆ Trump cites Hunter Biden pardon in latest legal attempt to throw out hush money conviction
▼ + stars: | 2024-12-03 | by ( Paula Reid | ) edition.cnn.com time to read: +3 min

CNN —Defense lawyers for President-elect Donald Trump are using President Joe Biden’s pardon of his son Hunter to argue that Trump’s conviction in his Manhattan hush money case should be dismissed. “Yesterday in issuing a 10 year pardon to Hunter Biden that covers any and all crimes whether charged or uncharged, President Biden asserted that his son was ‘selectively, and unfairly prosecuted’ and ‘treated differently,’” Trump lawyers wrote in a motion filed Monday. Trump’s lawyers also want the conviction dismissed, but the DA’s office says it will oppose any effort to toss the case. In addition to the pardon argument, Trump’s attorneys also told the judge that his case should be dismissed given his reelection last month. “Even (Smith) has been forced to concede, by DOJ’s Office of Legal Counsel (‘OLC’ ), that President Trump’s status as President-elect mandates dismissal of the unjust prosecutions pending against him,” they wrote.

Persons: Donald Trump, Joe Biden’s, Hunter, Hunter Biden, Biden, ‘, ’, ” Trump, – Todd Blanche, Emil Bove –, Alvin Bragg, ”, Trump, Stormy Daniels, Juan Merchan, Trump’s, Jack Smith’s, Smith, “, CNN’s Devan Cole Organizations: CNN — Defense, Department, Justice Department, New, Trump, DOJ’s, Legal Locations: Manhattan, New York

☆ Journalist explains what led up to S. Korean president declaring martial law
▼ + stars: | 2024-12-03 | by ( Daniel Lewis | ) edition.cnn.com time to read: 1 min

Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea's President Yoon Suk Yeol declared emergency martial law. South Korea President Yoon on December 3 declared emergency martial law, saying the step was necessary to protect the country from "communist forces" amid parliamentary wrangling over a budget bill. The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled 6% to hit a 52-week low. South Korean stocks dropped in the U.S. on Tuesday after President Yoon Suk Yeol invoked emergency powers and declared martial law, raising fear of instability in the world's 13th largest economy. This is the first time since 1980 a South Korean leader has issued a martial law declaration.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, — Organizations: National Assembly, South, Korea ETF, Korea Electric, KT Corporation, Korea Telecom, Korea Exchange, U.S, South Korean Locations: Seoul, Korea, South Korea, U.S, Korean, South Korean, North Korea

An 88-year-old doctor accused of sexually assaulting Indiana University basketball players back in the 1990s has been ordered to appear before a judge Tuesday to determine whether he is competent to be questioned about the alleged abuse. Delaney named the Trustees of Indiana University as defendants in the lawsuit, alleging Title IX violations by the school for failing to protect the students. In response, Indiana University retained the Jones Day law firm to launch an independent investigation into the Bomba allegations. The doctor had played football for Indiana University and was nicknamed “Frankenstein” by coaches and players “due to the large size of his hands and fingers,” the lawsuit added. The accusations that IU turned a blind eye to allegations of a team doctor sexually abusing student-athletes echo another major scandal involving a team doctor.

Persons: Bradford Bomba, Judge Mario Garcia, Garcia, Joseph Bomba, “, George Parker, Bomba, Haris Mujezinovic, Charlie Miller, Bob Knight, Kathleen Delaney, Miller, Delaney, Knight, William J, Beggs, Mujezinovic, Frankenstein, “ Dr, Bradford Bomba Jr, Bomba’s, Richard Strauss, Strauss Organizations: Indiana University, IU, IU Health, Hoosiers, Court, Jones, NBC, Hoosier, Indiana, American Cancer Society, Ohio State University Locations: Indianapolis, U.S, Southern Indiana, Bloomington , Indiana

Special counsel David Weiss's office on Monday appeared to push back on President Joe Biden's claim that its prosecutions of Hunter Biden were politically motivated, calling such allegations "baseless." The Court rejected that claim finding that '[a]s the Court stated at the hearing, Defendant filed his motion without any evidence.' It noted that Hunter Biden "made similar baseless accusations" in the Delaware case, which were rejected by that judge as well. Three appeals court panels also rejected Hunter Biden's arguments, the filing said. Hunter Biden had been scheduled to be sentenced in both cases later this month.

Persons: David Weiss's, Joe Biden's, Hunter Biden, Hunter, Weiss, Hunter Biden's, Biden, Defendant, Abbe Lowell, “, Lowell Locations: California, Delaware

WASHINGTON — Rep. Jamie Raskin, D-Md., a former constitutional law professor who served as Democrats’ lead prosecutor in the Trump impeachment trial after the Jan. 6 attack, told colleagues Monday he will challenge Rep. Jerry Nadler, D-N.Y., for the top Democratic spot on the powerful Judiciary Committee. Nadler, 77, has held the top job on the Judiciary panel since 2019, served in Congress since 1992 and has suffered some health scares in recent years. In his three-page letter, Raskin, the current ranking member of the Oversight Committee, also offered praise for Nadler, who is running for his fourth term leading Democrats on the Judiciary panel. House Judiciary Committee Chairman Jerry Nadler (D-N.Y.) talks to Rep. Jamie Raskin (D-Md.) Grijalva, who has served in Congress since 2003, had missed votes for several months after he announced a cancer diagnosis in April.

Persons: Jamie Raskin, ’, Trump, Jerry Nadler, Nadler, Raskin, —, ” Raskin, “, Chip Somodevilla, Jerry, Raul Grijalva, Jared Huffman, Grijalva, Huffman, Jim Costa, Angie Craig, David Scott, Hakeem Jeffries Organizations: WASHINGTON —, Democratic, “, 119th, Natural, Agriculture, Committee, Democratic Caucus Locations: New York, D

SPRINGFIELD, Ill. — The former Illinois sheriff’s deputy charged with first-degree murder in the shooting death of Sonya Massey could soon be set free, following an appellate court ruling that cleared the way for his pre-trial release. At a hearing Monday, a circuit court judge said he will on Friday determine the restrictions for Sean Grayson’s release. Courtesy Ruby Funeral ServicesCadagin said he would comply with the court order and determine “the least restrictive conditions” for Grayson’s release. In its unanimous decision issued Wednesday, the 4th District Appellate Court ruled Cadagin’s having denied Grayson pre-trial release was improper. “This appellate court ruling was a serious miscarriage of justice, as far as I’m concerned,” he said.

Persons: —, Sonya Massey, Sean Grayson’s, Ryan Cadagin, Grayson’s, John Milhiser, Cadagin, Grayson, Massey, “, Jesus, ” Grayson, Sean Grayson, Mark Wykoff, Cadagin’s, Maggie Vespa, NBC News Sheriff Jack Campbell, JB Pritzker, Campbell, Sonya, ” James Wilburn, Massey’s, ”, ” Wilburn, Janelle Griffith Organizations: Illinois State Police, NBC News Sheriff, Gov, Army, NBC News, Justice Department Locations: SPRINGFIELD, Ill, Illinois, Sangamon County, Springfield, Springfield , Ill, Grayson, Springfield ,, New Jersey

A white former Kansas City, Kansas, police detective was found dead Monday on the day his federal civil rights trial was set to begin for allegedly sexually abusing Black women over decades, authorities said. An arrest warrant had been issued when Roger Golubski, 71, failed to appear at a federal courthouse in Topeka on the first day of jury selection. Golubski was charged in 2022 with federal civil rights crimes after he was accused of exploiting Black women for sex and framing people for crimes they say they did not commit. Golubski, who retired in 2010 after 35 years with the Kansas City Police Department, pleaded not guilty to six counts of deprivation of civil rights. The Kansas City Police Department has come under scrutiny over allegations of corruption and civil rights violations in recent years.

Persons: Roger Golubski, Kristen Clarke, Kate Brubacher, Golubski, Christopher Joseph, Joseph, Jay Z's, Dania Diaz, Diaz Organizations: of Justice, U.S, District of, Authorities, Kansas City Police Department, Nation, Kansas, Team ROC Locations: Kansas City , Kansas, Topeka, District of Kansas

☆ The war on woke: How a gay rights index once touted by Walmart and others became a conservative target
▼ + stars: | 2024-12-02 | by ( Alex Harring | Brandon Gomez | ) www.nbcnews.com time to read: +16 min

As June’s Pride Month festivities were nearing a conclusion, Tractor Supply released a statement that put LGBTQ+ rights proponents on alert. With that move, Tractor Supply became the first domino to fall as companies began pulling out of the Corporate Equality Index. For Tractor Supply and some others, it marked a staunch turn in policy. For former Tractor Supply customer Ashe Taylor-Austin, the retailer’s announcement pushed them to look elsewhere when purchasing supplies for their horse. “When we got the news about Tractor Supply, I immediately started shopping around,” said Taylor-Austin, who switched to buying from a small business.

Persons: Lowe’s, —, Robby Starbuck, Starbuck, Molson Coors, ” Dave Osswald, George Floyd’s, ”, Kenji Yoshino, Jack Daniel’s, Brown, Forman, Forbes ’, Ford, “ Ford, ” Meeta Huggins, Ford’s, “, Donna Morris, Davidson, Stephanie Creary, Creary, ” Creary, NYU’s Yoshino, Yoshino, ” “, ” Yoshino, Adina Sterling, Sterling, ” Sterling, ” Starbuck, doesn’t, you’ve, It’s, Kelley Robinson, ” Robinson, Stephanie Mahnke, ” Mahnke, Mahnke, Ashe Taylor, Taylor, Austin Organizations: Tractor, Tractor Supply, Ford, Walmart, HRC, CNBC, Human, Molson, MillerCoors, Ford Motor, New York University, Companies, Forbes, Employers, Diversity, Harley, Toyota, Business, University of Pennsylvania’s Wharton School, Harvard University, University of North, Columbia Business School, Supply, Trump, LGBT Capital, “, NAACP, Fortune, Chamber, Tennessee Pride Chamber, Tennessee Pride, former Tractor Supply Locations: U.S, Detroit, Arkansas, University of North Carolina, America, Mexico, Spain, Tennessee

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