DIRS.INFO The most relevant business & tech news

☆ Unemployment rate among Black Americans jumped in March jobs report
▼ + stars: | 2024-04-05 | 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 EmailUnemployment rate among Black Americans jumped in March jobs reportMarc Morial, president and CEO of the National Urban League, joins CNBC's 'The Exchange' to discuss Friday's jobs report and the jump in unemployment rates among Black Americans.

Persons: Marc Morial Organizations: Black, National Urban League

☆ Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
▼ + stars: | 2024-04-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

To be sure, late payments don't always signal financial troubles. Creditsafe spokesperson Ragini Bhalla said payment data is only one factor the firm considers when assessing a company's financial health. Though the data "doesn't represent a company's total trading behavior, analysis has proven that it is hugely predictive of a company's financial health and creditworthiness," Bhalla said. "When the number of late payments increases like this, it's often indicative of financial challenges and poor cash flow forecasting," Creditsafe said. While Saks often made late payments last year, its on-time payments have dropped significantly since October 2023, the firm said.

Persons: Saul Loeb, Perry Mandarino, Mandarino, Creditsafe, Ragini Bhalla, Bhalla, Barry McCarthy, Simeon Siegel, Siegel, he's, Peloton's DPO, Marc Metrick, Metrick, Mark Still, Stewart Glendinning, Tim Baxter Organizations: Saks, Washington , D.C, AFP, Getty, Bed, RadioShack, CNBC, Retailers, Body, Body Works, Riley Securities, BMO Capital Markets, Business of Fashion, HBC, Express, Street, Creditsafe, Economic Security, IRS, New York Stock Exchange, Bath Locations: Washington ,, Express, Creditsafe, U.S

watch nowFTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research. FTX founder Sam Bankman-Fried leaves the U.S. courthouse in New York City on July 26, 2023. Instead, "He's an awkward math nerd" with a "tireless work ethic," said the lawyer, who also compared the FTX founder to "a beautiful puzzle." In this courtroom sketch, FTX founder Sam Bankman-Fried attends his sentencing hearing at federal court in New York City on March 28, 2024. Barbara Fried and Allan Joseph Bankman, parents of FTX co-founder Sam Bankman-Fried, arrive at court in New York on March 28, 2024.

Persons: Sam Bankman, Fried, Lewis Kaplan, Kaplan, FTX, District Judge Lewis Kaplan, Jane Rosenberg, Bankman, convicting, Prosecutors, Amr Alfiky, It's, Marc Mukasey, Torrey Young, Nicolas Roos, scoffed, Roos, Mukasey, Sam, Sunil Kavuri, Damian Williams, Samuel Bankman, " Williams, General Merrick Garland, Joseph Bankman, Barbara Fried, Allan Joseph Bankman, Yuki Iwamura, Caroline Ellison, Nishad Singh, Gary Wang Organizations: Alameda Research, ., U.S, District, Reuters, Republicans, Manhattan U.S, Stanford Law, Bloomberg, Getty, Bankman Locations: Manhattan, New York City, U.S, FTX, Kavuri, New York

Sam Bankman-Fried has been sentenced to 25 years in prison. US District Judge Lewis Kaplan sentenced Bankman-Fried Thursday to 25 years in prison. In his sentencing, Kaplan described Bankman-Fried as ambitious and deceitful, willing to gamble with his customers' livelihoods. He knew it was criminal," Kaplan said as Bankman-Fried slumped in his chair. AdvertisementNow that Bankman-Fried's sentencing is over, Kaplan, the judge, will likely swiftly order sentencing hearings for Ellison, Wang, and Singh.

Persons: Sam Bankman, Fried, —, Lewis Kaplan, Bankman, Kaplan, Prosecutors, Bernie Madoff, Marc Mukasey, Mukasey, perjured, it's, FTX, Caroline Ellison, Gary Wang, Nishad Singh —, Ellison, Wang, Singh, Ryan Salame, I've, didn't, John J, Ray III, Ray, Joseph Bankman, Barbara Fried Organizations: Service, Justice Department, FTX, Alameda Research, Prosecutors, Detention, Federal Bureau of Prisons Locations: Manhattan, FTX, Bahamas, Washington , DC, Brooklyn's, San Francisco

☆ Sam Bankman-Fried appeared to wipe away tears during sentencing while his dad held his head in his hands and his mom stared out the window
▼ + stars: | 2024-03-28 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried, former CEO of FTX, was sentenced to 25 years in prison on Thursday. US District Judge Lewis Kaplan said Bankman-Fried didn't express remorse for his crimes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Speaking before the court, Bankman-Fried apologized for the pain caused to customers, maintaining that they could all be repaid in full. Prior to handing down the 25-year sentence, Kaplan called Bankman-Fried a "mathematical wizard," saying he essentially ran a cost-benefit analysis of getting caught versus getting away with fraud.

Persons: Sam Bankman, Lewis Kaplan, Bankman, —, Fried, Joseph Bankman, Barbara Fried, Elizabeth Williams, Marc Mukasey, Nicolas Roos, villainizing, Roos, Kaplan Organizations: Service, AP Locations: Manhattan

☆ Sam Bankman-Fried faces sentencing this week. Here’s what to expect
▼ + stars: | 2024-03-27 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Sentencing is a much more fluid process, with both sides allowed to make sweeping arguments to try to make their case to the judge. But instead, his life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money,” prosecutors wrote in a memo. In a letter to the court, Marc Mukasey, the lawyer Bankman-Fried retained for sentencing, called the government’s memo “disturbing” and accused the government of trying to “break” Bankman-Fried. His behavior may come back to haunt Bankman-Fried in sentencing, Fischer said. But legal experts say that even if 100% of FTX customers get their money back, it’s not necessarily going to sway the judge to go easy on Bankman-Fried.

Persons: Sam Bankman, Judge Lewis Kaplan, ”, Kaplan, Howard Fischer, Moses Singer, Prosecutors, Fried, Marc Mukasey, Bankman, ” Mukasey, “, Sam, ’, Caroline Ellison, Fischer, ” Ellison, Bernie Madoff, it’s, ’ ”, John Ray, ” Ray Organizations: New, New York CNN, Southern, of, Prosecutors, Bankman, MIT, Detention, ” Prosecutors, Alameda Research Locations: New York, Manhattan, of New York, Palo Alto , California, Brooklyn, Bankman, FTX, Alameda

☆ Sam Bankman-Fried's lawyers say prosecutors are treating their client like a 'depraved super-villain' with 'dark and megalomaniacal motives'
▼ + stars: | 2024-03-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's lawyers slammed the 40 to 50-year prison sentence prosecutors recommended. Bankman-Fried's lawyers accused prosecutors of casting him as a "depraved super-villain." AdvertisementLawyers for Sam Bankman-Fried are pushing back against the 40 to 50-year prison sentence prosecutors have recommended for their client. "It adopts a medieval view of punishment to reach what amounts to a death-in-prison sentencing recommendation," Bankman-Fried's lawyers wrote. Related storiesThis isn't the first time Bankman-Fried's lawyers have pleaded for leniency.

Persons: Sam Bankman, —, Lewis Kaplan, Fried, Marc Mukasey, Mukasey, they've, Barbara Fried, Kaplan Organizations: Service, Bankman Locations: Delaware

NEW YORK (AP) — FTX founder Sam Bankman-Fried's orchestration of one of history's largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge. “His life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money. And even now Bankman-Fried refuses to admit what he did was wrong,” prosecutors wrote. Bankman-Fried was extradited to the United States in December 2022 from the Bahamas after his companies collapsed a month earlier. “Even following FTX’s bankruptcy and his subsequent arrest, Bankman-Fried shirked responsibility, deflected blame to market events and other individuals, attempted to tamper with witnesses, and lied repeatedly under oath,” prosecutors said, citing his trial testimony.

Persons: — FTX, Sam Bankman, Prosecutors, Tom Brady, Larry David, “, Fried, ”, ” “, Judge Lewis A, Kaplan, Marc Mukasey, “ Sam, ” Mukasey, — Locations: Manhattan, ”, United States, Bahamas, Palo Alto , California

☆ Prosecutors want Sam Bankman-Fried to serve 40 to 50 years in prison for FTX fraud
▼ + stars: | 2024-03-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Federal prosecutors are calling for onetime crypto billionaire Sam Bankman-Fried to be sentenced to 40-50 years in prison for stealing billions of dollars from customers and defrauding investors in his now-bankrupt crypto exchange, FTX. Bankman-Fried, who turned 32 this month, was convicted in November of stealing more than $8 billion and engaging his employees in a yearslong coverup, in what prosecutors have called one of the largest financial frauds in history. “The enormous scale of the fraud at FTX is measured not just by the amount of money that was stolen,” prosecutors said in a filing in Manhattan federal court on Friday. Under federal sentencing guidelines, Bankman-Fried could face a maximum sentence of 110 years. Bankman-Fried’s lawyer, Marc Mukasey, told CNN on Friday the defense would have a response “early next week.”

Persons: Sam Bankman, “, Fried, Lewis Kaplan, Prosecutors, ”, Marc Mukasey Organizations: New, New York CNN, Federal, ”, Bankman, CNN Locations: New York, Manhattan, Brooklyn

☆ Biden secures Democratic nomination with majority of delegates, NBC News projects
▼ + stars: | 2024-03-12 | by ( Peter Nicholas | ) www.cnbc.com time to read: +5 min

President Joe Biden clinched the Democratic presidential nomination Tuesday, NBC News projects, winning a majority of the necessary delegates and setting up what is expected to be a bitter, closely contested rematch with Donald Trump. By clearing the field for the 81-year-old Biden, Democrats have gambled that he remains the party's best shot at defeating Trump one more time. The general election campaign opens with Biden an underdog against an opponent who historians have ranked as the worst president in the nation's history. He ran for the party's nomination in 1988 and again in 2008 and never made headway with rank-and-file Democratic voters. Through sheer persistence, he is now finishing a presidential term while wrapping up his second party nomination in a row.

Persons: Joe Biden, Donald J, Trump, Donald Trump, Biden, Govs, Gavin Newsom, Gretchen Whitmer, —, Liano Sharon, parry, Marc Morial, Sen, Claire McCaskill, Beau's, Barack Obama's, Obama, Hillary Clinton, John Kerry, Al Gore, Edward M, Kennedy Organizations: United, Former U.S, YMCA Allard Center, Democratic, NBC News, Biden, Trump, Democratic National Committee, parry Republicans, State, Union, National Urban League, Israel, Office Locations: Goffstown , New Hampshire, United States, Michigan, New Orleans, Israel, Gaza, South Carolina

☆ On Holding co-CEO Marc Maurer on Q4 results: Very happy with where consumer demand is
▼ + stars: | 2024-03-12 | 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 EmailOn Holding co-CEO Marc Maurer on Q4 results: Very happy with where consumer demand isMarc Maurer, On Holding co-CEO, and Martin Hoffman, On Holding co-CEO and CFO, join 'Squawk on the Street' to discuss the company's quarterly earnings results, state of the consumer, impact of inflation, growth outlook, and more.

Persons: Marc Maurer, Martin Hoffman

☆ ‘Sleeping giant’ MotoGP awakens in Qatar, with eyes on US – and a little help from rapper Pitbull and AI
▼ + stars: | 2024-03-09 | by ( Jonathan Hawkins | Becky Anderson | ) edition.cnn.com time to read: +6 min

Bagnaia rides during the second free practice session ahead of the 2023 French Grand Prix. The 2024 season will also see the debut of a US based-team, Nashville’s Trackhouse Racing, which is co-owned by musician Pitbull. Toshifumi Kitamura/AFP/Getty ImagesThe American sees the Sprints as a gateway to the main race for new fans. He says the newly refurbished Qatar facility, which also hosts F1, is a boon for the participants, too. “The race at night is something that was [the Qataris’] idea 20 odd years ago, and they did it.

Persons: Daniel Rossomondo, “, CNN’s Becky Anderson, ”, Rossomondo, Mirco Lazzari, Francesco ‘ Pecco, Bagnaia, Marc Márquez, Álex, Jorge Martín, Pedro Acosta, Márquez, Jean, Francois Monier, Nashville’s, Pitbull, ” Rossomondo, Dorna, ” Marc Márquez, Toshifumi Kitamura, it’s Organizations: CNN, NBA, Qatar –, MotoGP, Ducati, Honda, Warner Bros Discovery, TNT Sports, ” MotoGP, Getty, “ Riders, Warner Bros . Locations: Qatar, Americas, Murcia, AFP, United States, American, Europe

☆ Sam Bankman-Fried is dispensing crypto investment tips to Brooklyn prison guards: NYT
▼ + stars: | 2024-02-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried might be in jail, but the NYT reports that he's still got a finger on the pulse with crypto. Bankman-Fried has been reportedly sharing crypto investment tips with prison guards, per NYT. Bankman-Fried is reportedly giving crypto investment tips and touting investments in the cryptocurrency Solana to prison guards, The Times reported on Tuesday, citing an unnamed source familiar with the matter. Bankman-Fried, Mukasey said, should be given a shorter sentence of five to six-and-a-half years. "A sentence that returns Sam promptly to a productive role in society would be sufficient, but not greater than necessary, to comply with the purposes of sentencing," Mukasey wrote.

Persons: Sam Bankman, he's, Fried, —, Solana, Michael Lewis, Lewis, Joseph Bankman, Barbara Fried, Marc Mukasey, Mukasey, Sam Organizations: Service, New York Times, The Times, Bankman, Times, Brooklyn's Metropolitan Detention Locations: Brooklyn, Brooklyn's, Bankman

☆ Canada Restores Visa Requirement for Mexican Visitors
▼ + stars: | 2024-02-29 | by ( Vjosa Isai | ) www.nytimes.com time to read: 1 min

Canada announced on Thursday that it would require visas for Mexican nationals to enter the country, a move that comes amid a surge in asylum requests from Mexicans arriving in Canada. The rule follows months of discussions between the two countries over the rise in the number of Mexicans entering Canada, including repeated attempts by Prime Minister Justin Trudeau to address the issue with Mexico’s president, Andrés Manuel López Obrador. Some provincial officials say a surge of asylum seekers has strained their resources and their ability to provide social services. “We needed to give Mexico, because of our friendship, the chance to rectify things,” Marc Miller, Canada’s immigration minister, said at a news conference.

Persons: Justin Trudeau, Andrés Manuel López Obrador, ” Marc Miller Locations: Canada, Mexico

☆ FTX fraudster Bankman-Fried seeks less than 7 year sentence, claims he is at risk of 'harm and extortion' in prison
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +7 min

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. "The harm to customers, lenders, and investors is zero," Bankman-Fried's lawyers wrote. The lawyers wrote that Bankman-Fried has a "neurodiversity" that "greatly affects how he perceives and is perceived." It is not a disease or a condition that needs to be cured," the lawyers wrote. "Individuals with ASD are often at considerably greater risk of physical harm and extortion in prison than other inmates," the lawyers wrote.

Persons: Sam Bankman, Fried, Joseph Bankman, Barbara Fried, Lewis Kaplan, —, Michael Milken, Damian Williams, Williams, Kaplan, Marc Mukasey, Sam, Drexel Burnham Lambert, Milken Organizations: Bankman, Alameda Research, The Manhattan U.S, PSR, Defense, Drexel, CNBC PRO Locations: New York, FTX, Manhattan, Alameda, Brooklyn , New York

☆ An ex-cop in jail with Sam Bankman-Fried says he's eating 'disgusting-looking beans and week-old brown lettuce' because of his veganism
▼ + stars: | 2024-02-28 | by ( Kwan Wei Kevin Tan | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Read previewSam Bankman-Fried is maintaining his vegan diet in jail, but it's not going very well. Carmine Simpson, an ex-NYPD officer behind bars with Bankman-Fried, wrote a letter to US District Judge Lewis Kaplan where he pleaded for leniency on Bankman-Fried's behalf. Kaplan is set to sentence Bankman-Fried on March 28, months after the FTX founder was found guilty of seven counts of fraud and conspiracy in November. First photo of Sam Bankman-Fried in jail at MDC Brooklyn. Representatives for Bankman-Fried did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Sam Bankman, it's, Carmine Simpson, Lewis Kaplan, Kaplan, Sam, Simpson, Fried, Marc Mukasey, Joseph Bankman, Barbara Fried, Tiffany Fong, He's, I've, Fong Organizations: Service, ex, Business, MDC Brooklyn, Bankman, Business Insider

☆ Sam Bankman-Fried’s lawyers push for 6-year sentence in multibillion-dollar FTX fraud
▼ + stars: | 2024-02-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

Under federal sentencing guidelines, he could face a maximum of 110 years. In the memo, Bankman-Fried’s lawyer, Marc Mukasey, asks the judge overseeing the case to reject the pre-sentencing report prepared by the Probation Department, which recommends a 100-year sentence. Considering Bankman-Fried’s “charitable works and demonstrated commitment to others” Mukasey recommends a prison sentence between five and six-and-a-half years. The judge overseeing the case, Lewis Kaplan of the Southern District of New York, will weigh several factors in deciding Bankman-Fried’s sentence, including arguments from prosecutors, defense counsel and the recommendations from the Probation Department. Typically, in white-collar crimes, the bigger the financial loss, the longer the sentence.

Persons: Sam Bankman, Fried, Marc Mukasey, ”, “, ” Mukasey, —, Mukasey, FTX, Lewis Kaplan, Jordan Estes, Kramer Levin, Estes Organizations: New, New York CNN, Probation Department, Southern, of, Department, ”, US Attorney’s, Southern District Locations: New York, Manhattan, FTX, Brooklyn, of New York

☆ Sam Bankman-Fried's parents are begging a judge to keep him out of prison, warning their son's social awkwardness could put him in 'extreme danger'
▼ + stars: | 2024-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Bankman-Fried's lawyers filed a sentencing submission, asking for a prison sentence of no longer than 78 months — or six-and-a-half-years. The US Probation Office, which issues sentencing reports that judges typically rely on, recommended 100 years behind bars — which Bankman-Fried's lawyers called "barbaric." Advertisement"That recommendation is grotesque," Bankman-Fried's lawyers wrote. Sam Bankman-Fried's approach to veganism illustrated both his selflessness and awkwardness, his younger brother, Gabriel Bankman-Fried, wrote in a letter to the judge. In the sentencing submission, Bankman-Fried's lawyers argue that "the most reasonable estimate" for how much his victims lost was "zero."

Persons: —, Sam Bankman, Barbara Fried, Joseph Bankman, Gabriel Bankman, neurodiversity, Sam, Bankman, Lewis Kaplan, Fried, Jane Rosenberg, FTX, Michael M Santiago, Carmine Simpson, Simpson, That's, Gabriel, Seth Wenig, Marc Mukasey, Torrey Young, weren't, Barbara Fried —, John J, Ray III, John Ray Organizations: Service, Business, US, Prosecutors, Alameda Research, Office, Stanford Law, MIT, Wall, of Prisons, San, United, AP Locations: Manhattan, FTX, Brooklyn, Bahamas

☆ Sam Bankman-Fried's lawyer says sentencing the FTX founder to a 100-year prison term would be 'grotesque' and 'barbaric'
▼ + stars: | 2024-02-28 | by ( Kwan Wei Kevin Tan | Jacob Shamsian | ) www.businessinsider.com time to read: +1 min

Probation officers have recommended a 100-year prison term for FTX founder Sam Bankman-Fried. "That recommendation is grotesque," Bankman-Fried's lawyer, Marc Mukasey said on Tuesday. Mukasey said Bankman-Fried's sentence should instead be between five to six-and-a-half years. AdvertisementSam Bankman-Fried's lawyer thinks that the probation office has gone too far with the punishment they want to mete out to his client. That recommendation is grotesque," attorney Marc Mukasey wrote in a sentencing memorandum filed on Tuesday, referencing a pre-sentencing report by probation officers.

Persons: Sam Bankman, Marc Mukasey, Mukasey, —, Sam Organizations: Service, Business

☆ Sam Bankman-Fried Makes His Last Stand
▼ + stars: | 2024-02-27 | by ( David Yaffe-Bellany | Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Since Sam Bankman-Fried was convicted of fraud last year, he has hired a new lawyer known for courtroom showmanship. A group of sympathetic law professors has pushed for a reappraisal of his actions. And his parents have turned for help to former employees of FTX, the collapsed cryptocurrency exchange he founded. From a federal detention center in Brooklyn, Mr. Bankman-Fried, 31, has continued to fight his case behind the scenes, as he argues for a lenient sentence and prepares to appeal his conviction. Since last year’s trial, Mr. Bankman-Fried has hired Marc Mukasey, who once represented former President Donald J. Trump, to oversee his sentencing, as well as a separate lawyer at the law firm Shapiro Arato Bach to handle the appeal.

Persons: Sam Bankman, Fried, Bankman, Lewis A, Kaplan, Marc Mukasey, Donald J, Trump, Shapiro Arato Bach, Joe Bankman, Barbara Fried Organizations: FTX, Stanford University Locations: Brooklyn, U.S, Manhattan, FTX

☆ Concern grows within Biden administration as Houthis continue attacks despite US strikes
▼ + stars: | 2024-02-23 | by ( Natasha Bertrand | Katie Bo Lillis | ) edition.cnn.com time to read: +8 min

“They continue to surprise us,” said one senior defense official, referring to the Houthis. Officials also believe Iran instructed the groups to back off the attacks following the US strikes. The issue is becoming more acute, especially given the notable increase in Houthi attacks over the last two days. At the same time, the Houthis also crave international legitimacy, officials said, and want to be recognized as the official Yemeni government. Still, there are no signs yet that Iran is actively withholding support from the Houthis, officials said.

Persons: CNN —, Biden, “, Sabrina Singh, ”, —, Marc Miguez, Israel, Privately, Matthew Miller, Singh, ” Singh Organizations: CNN, Pentagon, Central Command, Carrier Strike, Yemeni, Saudi, State Department, US, Prosperity Locations: Iran, Yemen, Gulf, Aden, Iraq, Syria, Jordan, Baghdad, Gaza, Israel, Red, Oman, Bahrain

☆ Judge allows Sam Bankman-Fried to keep his new lawyers after prosecutors warn of conflict of interest
▼ + stars: | 2024-02-21 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +4 min

Read previewUS District Judge Lewis Kaplan ruled that Sam Bankman-Fried could retain his new lawyers despite a noted conflict of interest. Questioned thoroughly by Kaplan, Bankman-Fried affirmed that he wanted to keep his new attorneys, waiving his right to "conflict-free representation," as Kaplan put it. They're expected to help Bankman-Fried with his sentencing hearing, scheduled for late March. In their February letter, prosecutors said Kaplan should hold a Curcio hearing, where the judge could ask Bankman-Fried and his lawyers questions to determine whether a legitimate conflict of interest exists and whether they would waive it for the sentencing hearing. This has the potential to create a conflict in the representation of Bankman-Fried and Mashinsky," prosecutors wrote in the letter.

Persons: —, Lewis Kaplan, Sam Bankman, Fried, Kaplan, Marc Mukasey, Torrey Young, waiving, Mukasey, Young, They're, Alex Mashinsky, Caroline Ellison, Mashinsky, Prosecutors, Michael Mukasey, George W, Bush, Eddie Gallagher, Eric Trump, Matt Gaetz, Alexandra Shapiro, Shapiro, Nicolas Roos Organizations: Service, Bankman, Business, Justice Department Prosecutors, Alameda Research, Prosecutors, Mashinsky, Navy, New, Trump Locations: Manhattan, Alameda, New York

☆ US warships are shooting down weapons no one's ever faced in combat before, and a Navy commander says it's a 'great opportunity'
▼ + stars: | 2024-02-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewUS Navy warships off the coast of Yemen have been battling Houthi anti-ship ballistic missiles, a dangerous weapon that no military has ever faced in combat until very recently. The Marshall Islands-flagged, Bermuda-owned M/V Marlin Luanda after it was hit with an anti-ship ballistic missile in the Gulf of Aden last month. Over the past two months, US warships operating in the region have shot down a handful of anti-ship ballistic missiles — most recently in early February. Advertisement"Now that we're out here, this is what we've trained to do," he said in an interview with Business Insider. US Central Command, or CENTCOM, called attention to the use of anti-ship ballistic missiles but has not specifically identified which missiles have been used in any of the attacks.

Persons: —, Houthi, Joe Biden, Marlin Luanda, Arleigh Burke, Brian Sanchez, we've, Jake Epstein, Sanchez, They've, Dwight D, Eisenhower, Marc Miguez, he's, it's, Ike, Long, Carney, that's Organizations: Service, Navy, Business, Marshall, Central Command, Navy's Carrier Strike, International Institute for Strategic Studies, US Central Command, US Navy Experts, Rocket Force, Carrier Strike Group Locations: Yemen, China, Western, Iran, Gulf of Aden, Bermuda, Gulf, Aden, Tehran, Pacific, Washington, Beijing, Screengrab, East, Western Pacific

☆ US warship crews are learning from battles with anti-ship ballistic missiles, threats no one's ever faced in combat until now, Navy commanders say
▼ + stars: | 2024-02-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewUS Navy warships off the coast of Yemen have been battling Houthi anti-ship ballistic missiles, a dangerous weapon that no military has ever faced in combat until very recently. The Marshall Islands-flagged, Bermuda-owned M/V Marlin Luanda after it was hit with an anti-ship ballistic missile in the Gulf of Aden last month. Over the past two months, US warships operating in the region have shot down a handful of anti-ship ballistic missiles — most recently in early February. US Central Command, or CENTCOM, called attention to the use of anti-ship ballistic missiles but has not specifically identified which missiles have been used in any of the attacks. Screengrab via US NavyExperts say the Houthis' anti-ship ballistic missiles don't quite stack up against China's arsenal, which is much more sophisticated, particularly in terms of guidance technology, and is increasingly expanding.

☆ Sea drones are being used to smash Russia's navy, and now they're being used to attack a US aircraft carrier too
▼ + stars: | 2024-02-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Multiple sea drones have been launched at the USS Dwight D. Eisenhower in the last weeks. The use of cheap sea drones has been pioneered, to considerable success, by Ukraine. The aircraft carrier USS Dwight D. Eisenhower (CVN 69) transits the Atlantic Ocean during Carrier Air Wing (CVW) 7's fly-off. AdvertisementUS forces have encountered Houthi sea drones amid commercial shipping on at least three occasions, specialist outlet the Maritime Executive reported. The emergent technology of sea drones has been largely pioneered — with considerable success — by Ukraine against Russia's Black Sea Fleet.

Persons: Dwight D, Eisenhower, —, Houthis, Marc Miguez, Ryan, Basil Germond, Miguez, Jake Epstein Organizations: Service, Associated Press, US, intel, Carrier Air Wing, US Navy, Maritime Executive, Russia's, Defense Intelligence, Lancaster University, AP, Saudi, Carrier Strike Group Locations: Ukraine, Red, Russian

Search resuls for: "Marc M"

25 mentions found