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☆ TGI Friday's Bankruptcy: Changing Tastes, Wall Street Crushed Chain
▼ + stars: | 2024-11-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The hundreds of TGI Fridays franchises across 41 countries are independently owned entities and, therefore, not part of the bankruptcy process. AdvertisementIf you're a TGI Fridays lover, that means you can still go to the one nearby if you want. Like companies in a similar situation, the story of TGI Fridays is one of slow decline before an accelerated crash. In addition to grappling with changing tastes, TGI Fridays has also been subject to another trend in the restaurant business: private equity financial maneuvering. It can always be Friday anywhere, not just TGI Fridays, and maybe at a better price point or nicer experience.

Persons: Ray Blanchette, Brandon Coleman III, Coleman, Weldon Spangler, It's, Jonathan Maze, Tom Cruise, Ruby, Chili's, You've, they'll, who'd, Burt, hasn't, There's, John Bringardner, Bringardner, that's, Ragini, Alicia Kelso, Kelso, TriArtisan, Hostmore, I'm, Emily Stewart Organizations: Street, Restaurant Business, Buffalo Wild Wings, NFL, Strategic Resource, — TriArtisan Capital Advisors, Sentinel Capital Partners —, Sentinel, Citibank, SEC, FTI Consulting, Creditsafe, Hooters, Business Locations: Beppo, New York, Olive, Nation's

☆ Wall Street overlooks modest Nvidia guidance, lift price targets ahead of strong Blackwell ramp
▼ + stars: | 2024-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Investors shouldn't let a smaller-than-expected guidance beat overshadow tailwinds from Nvidia's looming Blackwell graphics processing unit rollout come January. Citi's Atif Malik lifted the firm's price target to $175 and opened a positive catalyst ahead of the consumer electronics show in January. Wells Fargo's Aaron Rakers moved to a $185 price target, reflecting 27% upside from Wednesday's close. Meanwhile, JPMorgan's Harlan Sur lifted his price target to $170 a share, saying that margins should improve toward the mid-70s range in the second half of 2025 as Nvidia streamlines costs. What's next for the stock Despite strong Blackwell expectations, some analysts warn of potential near-term volatility.

Persons: Wall, Blackwell, NVDA, Jefferies, Blayne Curtis, Citi's Atif Malik, Wells, Aaron Rakers, Bernstein's Stacy Rasgon, JPMorgan's Harlan Sur, What's, America's Vivek Arya, Tom O'Malley, Baruah, Cantor, C.J, Muse, Morgan Stanley, Joseph Moore Organizations: tailwinds, Blackwell, Nvidia, America's, Barclays Locations: Nvidia's

☆ Jasmine Paolini: Italian tennis star crowned world champion just months after winning Olympic gold, can hardly believe her own success
▼ + stars: | 2024-11-21 | by ( Amanda Davies | Matias Grez | ) edition.cnn.com time to read: +3 min

In 2024, Paolini won her first WTA 1000 singles event at the Dubai Tennis Championships, two WTA 1000 doubles titles, Olympic doubles gold and reached three grand slam finals, two in singles and one in doubles. 4 in the world in singles, the joint-highest ranking in history for an Italian woman, and a career-high No. “Last year, we lost in the final; this year, we won the title and it’s amazing. In 2024, Paolini and Errani are undefeated when wearing the blue national team kit of Italy. Sara Errani won the fourth BJK Cup title of her career.

Persons: CNN —, Jasmine Paolini, Billie Jean King, Italy’s, Paolini, “, ” Paolini, CNN Sport’s Amanda Davies, I’m, ”, –, Angel Martinez, Lucia Bronzetti’s, Viktória Hrunčáková, Rebecca Šramková, Sara Errani, Errani, “ It’s, ” Errani, It’s, it’s, We’re Organizations: CNN, Billie Jean King Cup, Slovakia, Dubai Tennis, Fed, Italy, Japan, Poland, Paris Locations: Italian, Málaga, Spain, Italy, Slovakia, Canada

☆ A personal trainer to Ryan Reynolds and Blake Lively shares his 5-meal-a-day diet and why he tracks his food intake
▼ + stars: | 2024-11-21 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +4 min

AdvertisementDon Saladino, a celebrity trainer, eats five nutritionally balanced meals a day. Related VideoA celebrity personal trainer, Saladino thrives on eating and training to optimize his health, performance, and physique. Saladino has annual body scans and tests to see how his body responds to changes in his diet, training, or lifestyle. AdvertisementThis means that Saladino's diet and training are both structured, and he is continually pushing himself, he said. One major benefit of tracking his food intake is that it ensures he eats enough, Saladino said.

Persons: Don Saladino, Saladino, Ryan Reynolds, Blake Lively, Peter Hurley Saladino, Cindy Ord Organizations: Rice, Getty Locations: New York

☆ TikTokers are using castor oil in this unique way for less bloat and better sleep—does it actually work?
▼ + stars: | 2024-11-21 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

The latest trend has users touting the benefits of putting castor oil in your belly button before bed. The only approved use of castor oil for health reasons by the U.S. Food and Drug Administration is to ingest the oil orally for constipation relief. Castor oil has omega-6 and omega-9 fatty acids so it can provide calming, parasympathetic effects from navel pulling, she notes. After using castor oil in this way, some TikTok users did claim it caused frequent bowel movements. "When you're using the castor oil on the navel, you're improving [the movement] of toxins.

Persons: Pocus, Raven Ross, Gowri Rocco, it's, Rocco, It's Organizations: U.S . Food, Drug Administration Locations: TikTok

☆ Jim Cramer's big takeaway from the market reaction to Nvidia's earnings beat
▼ + stars: | 2024-11-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Nvidia's "biggest problem is allocation," Jim Cramer said, referring to the supply crunch for its next-gen Blackwell chips. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Blackwell, Jim, there's, Deere, There's, Stocks, Jim Cramer's, PANW, DOV Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Club, Deere, Palo Alto Networks, Palo, Blackwell, Electrical, Eaton, BJ's Wholesale Locations: Palo Alto, Dover

☆ After a stinging election defeat, the Democrats' next big race kicks off: From the Politics Desk
▼ + stars: | 2024-11-20 | by ( The Politics Desk | ) www.nbcnews.com time to read: +12 min

After a stinging election defeat, the race to lead the DNC kicks offBy Natasha Korecki and Alex Seitz-WaldTwo weeks after suffering another stinging defeat to Donald Trump, Democrats are in the throes of dissecting what went wrong and figuring out their path forward. Martin O’Malley, a onetime presidential candidate and the commissioner of the Social Security Administration, kicked off the race by entering the fray. Minnesota Democratic Party Chair Ken Martin, a DNC vice chair and leader of the Association of State Democratic Committees, followed by formally announcing his candidacy Tuesday. Still looming out there: Wisconsin Democratic Party Chair Ben Wikler, who has developed a reputation as a prodigious fundraiser and field organizer. Read more → ☑️ Latest race calls: Democratic Rep. Marcy Kaptur defeated Republican Derek Merrin in Ohio’s competitive 9th District, NBC News projected.

Persons: Natasha Korecki, Alex Seitz, Wald, Chuck Todd, Donald Trump, Joe Biden, Jaime Harrison, Martin O’Malley, Ken Martin, Martin, O’Malley, Chuck Rocha, Sen, Mallory McMorrow, Ben Wikler, “ Ben, That’s, Rahm Emanuel, Barack Obama, Emanuel, Adam Parkhomenko, Hillary Clinton’s, “, ” Parkhomenko, James Zogby, it’s, Howard Dean, Obama —, Chuck Todd Here’s, Trumpism, Trump, wasn’t, Harris, Biden, Read, Chuck → ➡️, Matt Gaetz, Lloyd Austin, Pete Hegseth, Linda McMahon, Matt Whitaker, 🗞️ Organizations: NBC, White House, Capitol, Democratic National Committee, DNC, Maryland Gov, Social Security Administration, Minnesota Democratic, Association of State Democratic Committees, Democratic, Politico, Republican, Democratic National Convention, Wisconsin Democratic, Chicago, NBC News, Arab American Institute, America, GOP, Pentagon, “ DEI, Biden, Chuck → ➡️ Trump, Wrestling Entertainment, Education Department, Former, Atlantic Treaty Organization Locations: Michigan, U.S, Japan, Oklahoma

Mike DeWine, Columbus Mayor Andrew Ginther and other city leaders condemned the neo-Nazis in statements and on social media. But Black locals like Holmes wanted to do more and send a message of solidarity, they said. A group of Black leaders and locals marched through Columbus, Ohio, in a “unity” rally. Dozens of men walked, many side by side, down North High Street, many dressed in all black. He said the atmosphere among Black Columbus residents was one of fear and anxiety, with many wondering if they were safe in the city.

Persons: Derrick Holmes, ” Holmes, Joe Biden, Andrew Bates, Nazism, Mike DeWine, Columbus Mayor Andrew Ginther, Holmes, Black, Sean Walton Jr, Brian Winston, Walton, ” Winston, “, ” Walton, ”, Elaine R, Bryant, Winston, Donald Trump’s, Anne Frank ”, Trump, Christian supremacists, Trump’s, Karoline Leavitt, Oren Segal, Jon Lewis, George, ” Lewis Organizations: Columbus ’ Union, Columbus ’ Union Grove Baptist Church, North, North Arts District, ”, ” Ohio Gov, Columbus Mayor, of, Black Columbus, Columbus, Columbus Division of Police, Police, Washington Post, Nazi, Defamation League Center, Extremism, New York Times, Hate, George Washington University’s Program Locations: Columbus , Ohio, Columbus, Columbus ’ Union Grove, United States, ” Ohio, of Central Ohio, Houston, Black, Michigan, Ohio, Springfield, Charlottesville , Virginia, Louis, “

☆ Country star Sundance Head recalls accidentally shooting himself, being sure he was 'going to die'
▼ + stars: | 2024-11-20 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

The 46-year-old country star had gone to his Maydelle, Texas, ranch on Thursday by himself. “I was sure that I was going to die. “This is how I’m gonna die. I thought, how pointless that I’m gonna die from such a weird, freak accident,” Head said. All I know is I didn't die the day before yesterday, and I have another opportunity to live, and I feel like the Lord has blessed me just beyond — I can't even comprehend really,” he said.

Persons: “, I'm, ”, Head, gurney, I’ve, “ I'm, Blake Shelton, Shelton Organizations: Sundance, UT Tyler, Facebook, Jeep, Good Samaritans, Rusk Sheriff Department, UT Health, “, NBC, NBCUniversal, NBC News Locations: , Texas, Rusk, Tyler

Big retailers’ fortunes are diverging as the holiday shopping season gets underway. On Wednesday, Target cited “lingering softness in discretionary categories” as a top factor in its disappointing third-quarter sales, as many budget-conscious shoppers continue to focus on necessities. It’s the latest sign that discounts will be the driving force this holiday season, as they’ve been for much of this year. “We’re starting to get back to normal here.”U.S. retail sales rose 0.4% overall in October, federal data showed last month, beating analysts’ forecasts. In the meantime, the steady expansion of e-commerce looks set to continue this holiday season.

Persons: ”, Brad Thomas, they’ve, TJ Maxx, John David Rainey, “ We’re, “ They’re, they’re, ” Thomas, Matthew Shay, TransUnion, Neil Saunders, Saunders, Helene, Milton, who’ve, ” Saunders Organizations: Target, Walmart, KeyBanc, Marshalls, CNBC, “, National Retail Federation, GlobalData, NBC

☆ They relocated to Spain six years ago. Now this couple say they’d be ‘very depressed’ if they ever had to move back to the United States
▼ + stars: | 2024-11-20 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +14 min

Starting overThe couple, pictured at a friend's party in Malaga, also considered moving to Singapore, but decided on Spain due to its closer proximity to the United States. Gail and Greg WarnerThey’d originally planned to leave the United States in December 2018. The couple quickly put their Florida home on the market and set about winding down their lives in the United States. Now that they’ve lived outside of the US for so long, the couple say they can’t imagine ever moving back, and feel as though they were often on a “hamster wheel” before. Just go with it.’”Gail and Greg couldn’t be happier with their new lives, but the couple do have one regret about leaving the United States and starting over in Spain.

Persons: Gail, Greg Warner, they’re, ’ ”, Beau, Gail Warner “, ”, Greg, who’ve, ” Greg, “, ” “ We’d, Greg Warner They’d, Guess I’m, I’ve, ” Gail, she’d, ’ ” Greg, he’s, Sergio, they’ve, “ I’m, Betty Rivas “, United States “, ’ ” Gail, Greg couldn’t Organizations: CNN, EU, “, Malaga City Locations: United States, Florida, Chicago, Singapore, Spain, Europe, Spanish, Valencia, Indiana, Malaga, Canada, France, States, Costa del Sol, Southern Spain, Andalucía, Slovenia

San Diego native Kevin DiCicco is ready for his second act. The man credited with creating the movie “Air Bud” has experienced homelessness while battling multiple health issues, but the kindness of others is helping him get back on his feet. He believes that contributed to his ongoing respiratory issues that include chronic obstructive pulmonary disease. But after two or three minutes, you start getting short of breath,” DiCicco explained about his respiratory issues. In addition to health issues, the San Diego man says his 90-day limit at a North County homeless shelter is almost up.

Persons: Kevin DiCicco, Bud ”, ” DiCicco, Buddy, DiCicco, San Diego, ”, he’ll Organizations: San Diego, “ Locations: San, Gofundme, North County

Of course, these basic rules of political decorum are ones Donald Trump has rarely followed. He’s been accumulating political capital, and his victory only gives him an opening to accumulate more ... if he chooses to. On some level, I accept the notion that one person’s revenge is another person’s “reform,” so I’m sure Trump could argue he’s appointing reformists. What will ultimately matter is whether these folks can govern like reformers or end up simply as conduits for Trump’s revenge. Here’s the political problem Trump is creating for himself: He’s taking full ownership of the entire bureaucracy now.

Persons: Donald Trump, He’s, Trump, acquiesce, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Tulsi Gabbard, let’s, Nancy Mace's, Hegseth, “, wasn’t, Harris, Joe Biden, Biden, I’ve, didn’t, Barack, Biden’s Organizations: —, Justice Department, Fox, Defense Department, Department of Health, Human Services, GOP, Pentagon, “ DEI, Biden, Democratic, Trump Locations: Russia, Oklahoma, Afghanistan, overreach

☆ Jay Leno shows up with bruised face and an eye patch to comedy show after fall
▼ + stars: | 2024-11-20 | by ( Liz Calvario | ) www.nbcnews.com time to read: +2 min

The 74-year-old former “Tonight Show” host and TV personality arrived at his latest comedy show with an eye patch, broken wrist and bruised face. Boom, boom, boom, boom.”Leno said he “hit a bunch of rocks,” which resulted in him being “all black and blue.” He noted that one of the rocks hit him in the eye, which is why he needed the eye patch. I’m not worried about it.”Despite the fall, Leno performed just three hours later and did not cancel his stand-up shows. Just last year, Leno was involved in a motorcycle accident that resulted in more broken bones. While underneath the car, he blew “some air through the line.”“And suddenly, boom, I got a face full of gas.

Persons: Jay Leno, ”, “, ” Leno, I’m, Leno, “ I’ve, I’ve, TODAY’s Organizations: Las Vegas, ”, NBC News, Grossman, White, Foundation Locations: Pittsburgh, Beverly Hills, Los Angeles, Hermosa Beach , California

☆ Rafael Nadal's legendary tennis career comes to an end in loss at Davis Cup
▼ + stars: | 2024-11-20 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Tennis legend Rafael Nadal played the final match of his professional career Tuesday, losing 6-4, 6-4 to Botic van de Zandschulp in the quarterfinals of the Davis Cup. Competing professionally since his late teens, Nadal won 92 singles titles (fifth-most all time), 22 majors (second-most all time) and two Olympic gold medals. Most famous for his dominance on clay, Nadal won a record 14 French Open championships. He won his first in 2005, beginning a dominant run in which he won nine of 10 French Open finals. After having dealt with injuries, he won four straight from 2017 to 2020 before he won his last French Open and major tournament in 2022.

Persons: Rafael Nadal, Botic van de Zandschulp, Nadal, Roger Federer, Federer, Garros, Thomas Coex, ” Federer, “, “ Rafa, ” Nadal, Novak Djokovic, Djokovic Organizations: Davis, Nadal, titans, Roland, Getty Locations: AFP, Mallorca

☆ CNBC anchors and insiders worry about their futures as Comcast looks to unload the network
▼ + stars: | 2024-11-20 | by ( Lucia Moses | Madeline Berg | ) www.businessinsider.com time to read: +4 min

AdvertisementCNBC anchors projected an air of mild panic about the news that Comcast would spin off the network. The media conglomerate announced it would create a new entity for most of its cable networks. CNBC anchors turned their signature irreverent style on themselves on Wednesday, as their parent Comcast became a headline in announcing plans to spin off the business news network along with many other cable assets. Analysts — including those featured on CNBC — did not hold back on Wednesday about what the spinoff means for the cable network. AdvertisementOne question for CNBC folks is whether they will maintain the prestige and workplace benefits that came with being part of Comcast.

Persons: We're, Joe Kernan, David Faber, Kernan, Mark Lazarus, Faber, CNBC —, Rich Greenfield, Rich, Becky Quick, Julia Boorstin, NBCU, Elon, Trump Organizations: CNBC, Comcast, Real Housewives, NBC, LightShed Partners, Warner Bros, Discovery, Paramount, Starz, Business Locations: NBCU, London

☆ Indian international students in the US outnumber Chinese for the first time in 15 years
▼ + stars: | 2024-11-20 | by ( Jessie Yeung | ) edition.cnn.com time to read: +10 min

A changing ChinaIt was a different world in the late 2000s and early 2010s, when Chinese students first began surging overseas. In 2020, the US revoked visas for more than 1,000 Chinese students and researchers deemed security risks. In January this year, Chinese foreign ministry spokesperson Wang Wenbin said in a briefing that “dozens of Chinese nationals, including international students, have been forcibly deported by the US each month.” He decried it as “discriminatory,” urging the US to protect the rights of Chinese students abroad. The Covid yearsThe number of Chinese students in the US plunged during the pandemic and hasn’t rebounded since. “Since the economic sanctions and tech restrictions started in 2018, many (Chinese) students have been sent back home,” one user wrote on Weibo.

Persons: “, ”, Mallie Prytherch, ‘, ’, Donald Trump’s, ” Prytherch, Trump, Prytherch, Joe Biden, Wang Wenbin, Li Jing, hasn’t, Mirka Martel, Steven Hon, didn’t, Hon, Marianne Craven, they’ve Organizations: Hong Kong CNN, Education consultancies, State Department, of International Education, University of Hong Kong’s, Contemporary, Beijing, World Trade Organization, Games, America, Fulbright, Trump, Tsinghua University, CNN, Institute of International Education, Education, –, Ivy League Locations: Hong Kong, United States, China, India, America, Contemporary China, “, Beijing, cybersecurity, Macau, Weibo, Canada, Australia, American

☆ Comcast doesn't want its cable TV networks anymore
▼ + stars: | 2024-11-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

One of the country's biggest cable TV companies doesn't want its cable networks anymore. That's the pitch Comcast is making Wednesday as it announces plans to split off almost all of its cable TV networks into a new company. Into the spinco goes every cable network Comcast owns except for Bravo. For the record: Comcast says it thinks the cable networks it is ditching can be successful on their own. And as I said last month: Comcast is getting rid of its basic cable networks for the same reason everyone who owns basic cable networks would like to get rid of their cable networks.

Persons: Brian Roberts, Trump, Kamala Harris, Brendan Carr, Trump's Organizations: Cable, Comcast, Bravo, CNBC, MSNBC, NBC, Paramount, Warner Bros, Discovery, Disney, Federal Communications Commission, CBS, Fox News Locations: USA

☆ An interviewer for Netflix's 'I Am A Killer' has spoken to over 100 prisoners. She shares what it's like speaking to murderers and how her team finds gripping stories.
▼ + stars: | 2024-11-20 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +7 min

Hines and her team interview each inmate twice, for one hour. Zoe Hines"We want to tell both the inmate's version of events and the perspectives of law enforcement and the families and those impacted by the crime," Hines told Business Insider. The "I Am A Killer" team doesn't interview mass murderers or sexual abusers. Related storiesI'm sat opposite this person who has done this horrendous thing, who admits they've done this horrendous thing. However, after his second interview with the team, he reevaluates his position later in the program.

Persons: Zoe Hines, Hines, Gary Black, Jason Johnson, Jamel Hatcher, Danielle Boone, I'm, stalkers, hasn't, Higinio Gonzalez, Netflix Hines, it's, you've, We're, Eric Anthony Pavilionis, Gonzalez, he'd, we'd Organizations: Netflix, Transistor Films, state's Department of Corrections, Films Locations: United States, Missouri, Ohio, Texas, Montana

☆ Alphabet's VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion
▼ + stars: | 2024-11-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo. OdooOdoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet 's venture fund and Sequoia Capital. "The reason everybody [has] failed [in this market] is that it's quite complex," Pinckaers told CNBC. The last time Odoo secured primary funding was in 2014, when it raised $10 million in a Series B round. Prior to the latest secondary round, Odoo was most recently valued by investors at 3.2 billion euros.

Persons: Fabien Pinckaers, Odoo, Pinckaers, Andrew Reed, Reed, He's, Billings, aren't, Alex Nichols, CapitalG, he's, bootstrapping, Odoo hasn't, Wallonie Organizations: Belgian, SAP, Sequoia Capital, CNBC, Enterprise, Sequoia, Summit Partners Locations: Belgium, India, billings, Sequoia

☆ A man hid 5 boxes across the US with more than $2 million worth of treasure inside
▼ + stars: | 2024-11-20 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

AdvertisementJon Collins-Black has hidden five treasure chests across the US for a public hunt. Now, he's hidden five treasure boxes in locations around the US — and he wants people to find them. He wrote all the clues one needs to find these treasure chests into a book, "There's Treasure Inside." AdvertisementAll five treasure chests are also puzzle boxes, Collins-Black said — but if one finds the chest, instructions are placed with it outlining how to open the boxes, so people don't have to destroy them. "I don't have this desire for me to be long gone, and they're to be the 'Legend of the John Collins-Black treasures,'" he said.

Persons: Jon Collins, Collins, Black, they'll, George, Forrest Fenn, —, John Collins Organizations: BI, Collins Locations: California, Rocky

Gary Wang, a former executive of bankrupt cryptocurrency exchange FTX, who testified against founder Sam Bankman-Fried, attends his sentencing on fraud charges at the United States District Court in Manhattan in New York City, U.S., November 20, 2024. Wang was also ordered to forfeit $11 billion, the same as the other co-defendants. When given the opportunity to address the court, Wang said he was deeply sorry to all the customers and investors in FTX. Roos also noted that Wang was the first FTX employee to walk through the government's door but the last to be sentenced, as the FTX criminal proceedings come to a close. In March, Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion — the harshest punishment from Judge Kaplan.

Persons: Gary Wang, Sam Bankman, Wang, Nishad Singh, Lewis Kaplan, Nicolas Roos, Roos, Fried, Judge Kaplan, Alameda's, Caroline Ellison, Ryan Salame, I've, Kaplan Organizations: United States, Court, Alameda Research, U.S, Government, Southern, of Locations: Manhattan, New York City, U.S, FTX, Alameda, Bankman, —, of New York

☆ Trump’s Commerce secretary pick backas a crypto company that can’t seem to stay out of trouble
▼ + stars: | 2024-11-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

It is effectively an unregulated, offshore bank that’s become a tent pole of the $3 trillion crypto industry. The tether token is known as a stablecoin, a kind of crypto that was created to hold its value steady while others, like bitcoin and ether, swing wildly minute to minute. The company is now one of the biggest players in crypto, with a daily trading volume that eclipses even bitcoin, the world’s most popular token. Tether told the WSJ in a statement that any suggestion it was involved in criminal activity was “outrageous” and that the company works actively with law enforcement to combat illicit activity. But Lutnick, a Bitcoin enthusiast whose Wall Street firm manages Tether’s stockpile of Treasury bills, has eagerly defended the stablecoin issuer.

Persons: New York CNN — Howard Lutnick, Cantor Fitzgerald, who’s, they’re, Brock Pierce, “, Giancarlo Devasini, “ There’s, we’ve, ” Lutnick, Donald Trump’s, —, didn’t, Lutnick, Gary Gensler, ” Faryar Shirzad, “ It’s, ” Organizations: New, New York CNN, US Commerce Department, Ducks, Street, Manhattan US, Treasury Department, Bloomberg, Economic, Commerce Department —, Treasury, Securities and Exchange Locations: New York, Russian, Davos, United States, bitcoin

☆ Denzel Washington, 69, says he's staying sober and working out more now that he's getting older
▼ + stars: | 2024-11-20 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

AdvertisementDenzel Washington is approaching 70, and he's taking steps to ensure that he ages well. For instance, he's almost 10 years sober and has started working out with a trainer, he told Esquire. Denzel Washington, 69, knows he's not getting any younger, so he's choosing to prioritize his health. I stopped at 60 and I haven't had a thimble's worth since," Washington told Esquire. I feel like I'm getting strong.

Persons: Washington, Denzel Washington, he's, Esquire, —, haven't, Wine, Lenny Kravitz, there's, Alyson van Raalte Organizations: Denzel Washington, Academy, CDC, Washington, Business

☆ U.S. 'industrial renaissance' is fueling a rebound in fundraising, Apollo CEO Marc Rowan says
▼ + stars: | 2024-11-20 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief executive officer of Goldman Sachs Group Inc., during the Global Financial Leaders' Investment Summit in Hong Kong, China, on Tuesday, Nov. 19, 2024. An "industrial renaissance" in the U.S. is fueling demand for capital, Marc Rowan, CEO of Apollo Global Management said at the Global Financial Leaders' Investment Summit in Hong Kong. "There is so much demand for capital, [including through debt and equity] ... What's going on is nothing short of extraordinary," Rowan said on Tuesday during a panel discussion. "What we're watching is this incredible demand for capital happening against a backdrop of a U.S. government that is running significant deficits. Rowan and other panelists also identified energy and data centers — needed for artificial intelligence and digitization — as growth sectors requiring more capital.

Persons: Jonathan Gray, Ron O'Hanley, Ted Pick, Morgan Stanley, Marc Rowan, David Solomon, What's, Rowan, Donald Trump Organizations: Blackstone Inc, State Street Corp, Apollo Global Management LLC, Goldman Sachs, Inc, Global Financial, Investment, Apollo Global Management, Blackstone Locations: Hong Kong, China, U.S

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