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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

☆ Adani Group slams 'baseless' New York fraud and bribery charges
▼ + stars: | 2024-11-21 | by ( April Roach | ) www.cnbc.com time to read: +2 min

Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, Sept. 27, 2022. Photographer: Edwin Koo/Bloomberg via Getty ImagesIndia's Adani Group on Thursday denied allegations of bribery and fraud made by U.S. authorities in relation to the group's chair Gautam Adani, saying all such claims were "baseless." Shares of companies in India's Adani Group plunged after Gautam Adani, one of the world's richest people, was indicted in a New York federal court on charges regarding an alleged bribery and fraud scheme. An Adani Group spokesperson said the allegations made by the U.S. Department of Justice and the U.S. Securities and Exchange Commission against directors of Adani Green Energy are "baseless and denied." Following the indictment charges, Adani Green Energy cancelled plans to raise around $600 million through U.S. dollar-denominated bonds.

Persons: Gautam Adani, Adani, Edwin Koo, Sagar Adani, Vneet Jaain, GQG Partners, CNBC's Boon Ping, Dan Mangan Organizations: Adani, Forbes, Summit, Bloomberg, Getty, India's Adani, Energy, U.S . Department of Justice, U.S . Securities, Exchange Commission, GQG, Green Energy, Citi, . Locations: Singapore, India, U.S, New York

☆ Automakers Want Trump to Keep Federal E.V. Regulations in Place
▼ + stars: | 2024-11-21 | by ( Coral Davenport | Jack Ewing | ) www.nytimes.com time to read: +1 min

Three of the nation’s largest automakers, Ford, General Motors and Stellantis, are strategizing with other car manufacturers on how to make a delicate request of President-elect Donald J. Trump: Don’t scrap the federal regulations that compel the industry to sell electric vehicles. Mr. Trump has railed against the E.V. rules, which strictly limit the amount of tailpipe pollution while also ramping up fuel economy standards. Mr. Trump sees them differently. And Mr. Trump still holds grievances against some of the automakers, whom he views as having betrayed him because during his first term they supported Obama-era auto emissions rules.

Persons: Donald J, Trump, Biden’s, Obama Organizations: Ford, General Motors, Trump, Democratic

☆ ‘A lot of fear:’ Trump’s deportation proposals are already rattling workers
▼ + stars: | 2024-11-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“People are afraid of walking the streets right now; there’s a lot of fear … a lot of fear,” Sanchez said. “Shrinking worker (supply) in a period in which those sectors need more workers and are having a hard time finding workers will clearly generate a slowdown,” Peri said. Although temporary farm visas — known as H-2A — do exist, there is no legal way to have year-round foreign workers. “We know [undocumented immigrants] are working, they’re not sitting at home,” he said. “The slowing in immigration that’s broadly anticipated will probably show up in tighter labor markets for lower-skilled workers,” he said in an interview.

Persons: Donald Trump’s, Sam Sanchez, ”, Sanchez, ” Sanchez, Giovanni Peri, Peri, Ron Estrada, “, ” Estrada, farmworkers, Joe Sohm, Farmworker Justice’s Estrada, Carolinians, they’re, “ They’ve, Biden, Trump, Michael Feroli, Julia Pollak, Scott Olson, it’s, Joe Brusuelas, ” Karoline Leavitt, Vance, Joanne Eriaku, Eriaku, she’s Organizations: CNN, Chicago, Coast Hospitality Group, “, Global Migration, University of California, Davis, UCDavis, Migration Center . Business, Biden, Farmworker, North Carolina Growers Association, Congressional, CBO, JPMorgan, Republican National Convention, RSM, Trump, United Nations, UN, Social Locations: America, Mexico, Little, San Francisco, Chicago, ”, Milwaukee, Chicago’s Little, Springfield , Ohio, New York City, Uganda, Eriaku, Kenya, United States

☆ How High School Graduates Can Improve Their Earnings Potential
▼ + stars: | 2024-11-21 | by ( Steve Lohr | ) www.nytimes.com time to read: +1 min

And those most likely to be left behind are workers without four-year college degrees. Yet one in five workers with only a high school diploma defied the odds, according to a new study by Burning Glass Institute, an independent nonprofit research center. Those workers earned more than $70,000 a year — above the median income of college graduates — by the age of 40. The researchers identified 73 such promising starter jobs, including bank teller, pharmacy aide and restaurant host. The new report adds to a growing body of evidence that routes to upward mobility in America exist for the 60 percent of the nation’s labor force without a four-year college degree.

Organizations: Burning Glass Institute, — Locations: America

☆ Elon Musk has pledged to settle Mars. This book offers a reality check
▼ + stars: | 2024-11-21 | by ( Katie Hunt | ) edition.cnn.com time to read: +10 min

Initially enthusiastic about the prospect of humans living on Mars, the authors said their research turned them into space settlement skeptics. In "A City on Mars," authors Kelly and Zach Weinersmith argue substantially more research is needed before humans can safely populate Mars. Particular BooksCNN: Can humans settle Mars in the near term? KW: Musk is saying that in the next 30 years, we’re going to have a million people on Mars. It’s about 40% gravity and we know that humans in microgravity have all sorts of major problems, and what happens at 40% we just don’t know.

Persons: Elon, Kelly, Zach Weinersmith, ”, Kelly Weinersmith, it’s, we’ll, you’ve, You’re Organizations: CNN, Society Trivedi, Rice University, NASA, JPL, Caltech, facie, Earth, United Nations Locations: “, Houston, Mars, United States, China

CNN —Hours after his first pick to run the nation’s top law enforcement agency dropped out, President-elect Donald Trump named former Florida Attorney General Pam Bondi as his new choice to run the Justice Department. Trump met in person with Bondi at Mar-a-Lago before officially offering her the job, a source familiar told CNN. Democratic lawmakers accused Bondi of declining to pursue an investigation into Trump University fraud allegations after receiving the donation. … I never said I don’t like gay people.”After leaving the Florida attorney general’s office, Bondi joined Ballard Partners, a lobbying firm with deep ties to Trump and Wiles. The family told The Tampa Bay Times that Bondi stole the dog, while Bondi accused the family of neglect.

Persons: Donald Trump, Pam Bondi, Trump, Matt Gaetz, ” Trump, Pam, ” Bondi, Gaetz, Trump’s, ”, Susie Wiles, Boris Epshteyn, Jeff Sessions, Bondi, CNN’s Anderson Cooper, —, “, ” Cooper, …, Wiles, Jack Smith, –, Aileen Cannon, Bernard, Master Tank, Tank Organizations: CNN, Justice Department, of Justice, DOJ, FIRST, Florida Republican, Senate, Bondi, Trump, Democratic, Trump University, Center, Litigation, Policy Institute, Fox News, Obamacare, Ballard Partners, Foreign, Hurricane, Tampa Bay Locations: Florida, Bondi, Mar, Trump, Tampa, Qatar, Louisiana, Tampa Bay Times

☆ Elon Musk's DOGE is looking to Argentina for inspiration to slash public spending
▼ + stars: | 2024-11-21 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Both men admire Javier Milei, the Argentine leader elected on a pledge to slash the state. About a year ago, standing in front of a whiteboard with a gleam in his eye, Javier Milei started pulling apart Argentina's government. Javier Milei pulls apart a chart of Argentina's state in a video published on September 9, 2023. AdvertisementHarsh medicineHis measures helped tame a crisis: Argentina's inflation was 25.5% when Milei took office, and as of October, it was 2.7%. Argentinians have taken to the streets to protest against Javier Milei's economic policies since his election.

Persons: Elon Musk, Vivek Ramaswamy, Javier Milei, Milei, Lex Fridman, — Milei, Maria Victoria Murillo, Argentinians, Javier, Luciano Gonzalez, Donald Trump's, Trump, Ramaswamy, Musk Organizations: Argentine, Ministry, of Environment, Sustainable, Government, Social Security, US, Institute of Latin American Studies, Columbia University, Anadolu, Getty Images Kimberley, Economics, America, Republicans Locations: Milei, Argentine, Argentina, Mar, Buenos Aires

☆ Opinion | In America, if Everything Is a Public Health Crisis, Nothing Is
▼ + stars: | 2024-11-21 | by ( Jeneen Interlandi | ) www.nytimes.com time to read: +3 min

The best and worst developments in public health have always come from moments of crisis. But many of the elixir victims were very young children, and agency officials wasted no time spinning the incident up into a national crisis. The public grew skeptical of the effort when the vaccines were linked to an extremely rare but serious side effect. “It was supposed to be this great triumph,” says Joshua Sharfstein, a professor at the Johns Hopkins Bloomberg School of Public Health and author of “The Public Health Crisis Survival Guide.” “But it ended up seeding a generation of vaccine hesitancy instead.” The takeaway from these and similar parables is clear, Dr. Sharfstein says: Crisis can be a powerful catalyst for shaping policy and improving society. The United States is in what can only be described as an epoch of crisis.

Persons: Sulfanilamide, ”, Joshua Sharfstein, Sharfstein, —, it’s Organizations: and Drug Administration, Centers for Disease Control, Fort, Johns Hopkins Bloomberg School of Public Health Locations: Fort Dix, United States, Republic

☆ Gap shares surge as it raises guidance, touts 'strong start' to holiday
▼ + stars: | 2024-11-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

As soon as the weather turned around, sales "rebounded" and the holiday shopping season is off to a "strong start" so far, said Dickson. The brand has seen four straight quarters of positive comparable sales and is benefiting from better marketing and product, the company said. Banana Republic: The trendy workwear line grew sales 2% to $469 million while comparable sales fell 1%, a bit worse than the 0.8% drop that StreetAccount had expected. Athleta: The athleisure arm of Gap's empire grew sales by 4% to $290 million while comparable sales were up 5%. In the year-ago period, comparable sales were down 19% at Athleta.

Persons: Richard Dickson, Dickson, We've, he's, StreetAccount, Alo Yoga, Chris Blakeslee Organizations: Old Navy, Fulton, Hurricanes, Navy, LSEG, CNBC Locations: Downtown Brooklyn, New York City, Banana Republic, StreetAccount ., Athleta

☆ Ukraine says Russia launched an intercontinental missile in an attack for the first time in the war
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +3 min

Ukraine says Russia launched an intercontinental ballistic missile overnight targeting Dnipro city in the central-east of the country, which, if confirmed, would be the first time Moscow has used such a missile in the war. It said an intercontinental ballistic missile was fired at Dnipro city along with eight other missiles, and that the Ukrainian military shot down six of them. The attack comes two days after Russian President Vladimir Putin signed a revised nuclear doctrine that formally lowers the threshold for the country's use of nuclear weapons. Ukraine on Tuesday fired several American-supplied longer-range missiles and reportedly fired U.K.-made Storm Shadows on Wednesday into Russia. While the doctrine envisions a possible nuclear response by Russia to a conventional strike, it is formulated broadly to avoid a firm commitment to use nuclear weapons and keep Putin's options open.

Persons: Vladimir Putin, Yevgeny Balitsky, Joe Biden's, Putin Organizations: Kremlin, Ukraine, Russian Defense Ministry, U.S, NATO Locations: Moscow, Russian, Ukraine's Zaporizhzhia, Russia, Ukraine, Dnipro, Russia's Astrakhan, Crimean

☆ Laos: Australian backpacker dies as countries warn of suspected methanol poisonings in Southeast Asian country
▼ + stars: | 2024-11-21 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —An Australian teenager has died and another is fighting for her life after drinking suspected tainted alcohol in Laos, as a growing list of countries warned of multiple poisonings linked to a tourist town in the Southeast Asian country. Jones’ death is the latest in a spate of suspected methanol poisonings of foreigners in Vang Vieng, a popular destination for young international backpackers. The British Embassy in Laos said it was providing consular assistance to British nationals “following an incident” in the country. “In November 2024, several foreigners in Vang Vieng have been victims of suspected methanol-adulterated alcohol poisoning,” the Canadian government said. Laos, one of the poorest countries in Southeast Asia, has been hit hard by skyrocketing inflation in recent years.

Persons: Bianca Jones, Holly Bowles, Jones, ”, “, Anupam Nath, Vang Vieng, Anthony Albanese, didn’t Organizations: CNN, Nine, US State Department, ” Denmark’s Ministry of Foreign Affairs, US Centers for Disease Control, New Zealand Ministry of Foreign Affairs, Trade, ” “, British, “, Zealand, Foreign Office, Nine News, Associated Press, British Foreign, Tourism Locations: Laos, Thailand, Bangkok, Vang Vieng, American, British Embassy, Australia, United Kingdom, Canada, “, Vang, Melbourne, Southeast Asia

Voters in California have narrowly rejected a ballot measure that would have gradually increased the minimum wage in the state to $18 per hour, NBC News projected Wednesday. It’s the first time a ballot measure proposing to raise the statewide minimum wage has failed nationwide since 1996. Some cities within New York also implement a minimum wage of $16 per hour, while Washington state’s minimum wage is $16.26 per hour. The defeat is the first time in 28 years that a ballot measure to increase a state minimum wage was defeated. Meanwhile, ballot measures in two other states to increase the minimum wage overwhelmingly passed this month.

Persons: It’s, “ CalChamber, Jennifer Barrera, Gavin Newsom, Newsom Organizations: NBC News, U.S, California Chamber of Commerce, Democratic Gov, Washington, Voters, NBC Locations: California, New York, Missouri, Montana, Alaska

COLUMBIA, S.C. --- Susan Smith, the young mom who shocked the nation 30 years ago when she rolled her car into a lake with her two sons inside and watched them drown, was denied parole Wednesday. Susan Smith is led from the Union County Courthouse after the first day of testimony in the penalty phase of her trial. Brooks Kraft LLC / Sygma via Getty Images fileFrom behind bars, Smith continued to claim she was a good mother. He then read a passage that Smith wrote explaining why she allowed her sons to die. “I knew Jesus would take better care of them than I could,” Smith wrote, according to Thomas.

Persons: Susan Smith, Smith, recusing, Michael, Alex, Smith's, David Smith, It's, it’s, Brooks Kraft, “, ” Smith, Tommy A, Thomas, Jesus, ” Tommy Pope, “ Susan, Susan, ”, Juliette Arcodia, Corky Siemaszko Organizations: COLUMBIA, S.C, TV, Courthouse, Reuters, Brooks, Brooks Kraft LLC, Getty, State, Women’s Correctional, South Carolina Department of Corrections, Republican, Pro Tem, South Carolina House Locations: Union , South Carolina, Union, South Carolina, Columbia, New York

VIENTIANE, Laos — Women and racial diversity are vital to the strength of U.S. armed forces, outgoing Defense Secretary Lloyd Austin said in an exclusive interview with NBC News as he prepares to shortly exit the top military post after four years. “I would tell you that, you know, our women are the finest troops in the world. Our military is going to remain a diverse military," Austin said. Austin did not weigh in on what he thinks about Trump's choice of Hegseth to lead the Department of Defense. Austin, a four-star general who was previously commander of U.S. Central Command, was appointed as Secretary of Defense by President Joe Biden and was sworn in on Jan. 22, 2021.

Persons: Lloyd Austin, “, ” Austin, Donald Trump’s, Pete Hegseth, Hegseth, ”, Austin, Trump, Biden, Vladimir Putin, —, we've, Joe Biden, Lester Holt Organizations: NBC News, Defense, Army National Guard, Pentagon, Senate, Republicans, Department of Defense, ., Korean, U.S . Central Command, NBC Locations: VIENTIANE, Laos, Iraq, Afghanistan, United States, Ukraine, Russia, U.S, Russia's Kursk, Jan

The House Ethics Committee weighs releasing their report on Matt Gaetz. And Susan Smith, who made headlines for killing her sons 30 years ago, is up for parole. The Ethics Committee has jurisdiction only over sitting members of Congress, Johnson argues. But there is precedent for the Ethics Committee to publish reports after a member of Congress has resigned. Susan Smith up for parole 30 years after killing her sonsSusan Smith leaves court after a hearing in Union, S.C., in 1995.

Persons: Matt Gaetz, Susan Smith, Donald Trump, Gaetz, Susan Wild, Joel Leppard, Mike Johnson, Trump, Johnson, Read, Mike Cavanaugh, ”, Vladimir Putin, Brooks Kraft, Smith’s, Michael, Alex, Smith, Rafael Nadal, Jay Leno, Barbara Gauntt, Chokwe Antar Lumumba, Lumumba, — Bracey Harris Organizations: Comcast, Justice Department, Republicans, Democrats, Gaetz, MSNBC, Syfy, Golf, CNBC, Oxygen, NBC News, NBC, Bravo, United, Brooks, Brooks Kraft LLC, Getty, South, Davis, Mississippi State Capitol, Clarion, Ledger, Residents Locations: Florida, USA, U.S, Kyiv, United States, Ukrainian, Russian, Ukraine, Union, South Carolina, Northern California, Pacific, California, Jackson

☆ Doctors Without Borders halts operations in Haiti’s capital after escalation in violence
▼ + stars: | 2024-11-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Doctors Without Borders (MSF) said on Tuesday that it is stopping operations across the Haitian capital Port-au-Prince and its wider metropolitan area due to an escalation in violence and threats to its staff from members of the Haitian police. The suspension would last from Wednesday “until further notice,” said MSF. A spokesperson for Haiti’s national police declined to comment. The medical aid group treats on average 1,100 outpatients, 54 children in emergency situations and more than 80 sexual and gender-based violence survivors each week, MSF said, as well as many burn victims. Garnier added that while MSF remained committed to the population it could only resume services if it receives guarantees of security and respect by armed groups, members of self-defense groups and law enforcement.

Persons: ”, Christophe Garnier, Garnier Organizations: Haitian, MSF, ”, Prince Locations: Haitian, Port, Haiti, Caribbean

☆ 3 urgent tasks awaiting Trump’s pick for Treasury secretary
▼ + stars: | 2024-11-20 | by ( Tami Luhby | Matt Egan | ) edition.cnn.com time to read: +7 min

His Cabinet picks, including the Treasury secretary, traditionally have to be confirmed by the Senate. “The Treasury secretary has historically played a significant role in advancing the administration’s tax policy priorities,” Akabas said. Next year, Trump’s Treasury secretary will act as the quarterback, executing his economic gameplan. It will also fall to Trump’s Treasury secretary to put out fires in financial markets or in the real economy like the regional bank failures that rocked Wall Street and Washington early last year. Trump’s Treasury pick will also help manage the complicated relationship between the president and Federal Reserve Chairman Jerome Powell.

Persons: Donald Trump’s, Trump, “, ”, Ed Mills, Raymond James, Janet Yellen, Shai Akabas, Steven Mnuchin, ” Akabas, Isaac Boltansky, Jerome Powell, Powell, Mills Organizations: CNN, Quarterbacking, Treasury Department, Department, Treasury, Trump, Senate, Republicans, Capitol, Wall, Washington, Committee, Federal, Fed, Trump White House Locations: Washington, filers

☆ European Central Banks warns of trade tension risks to euro zone financial stability
▼ + stars: | 2024-11-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Rising global trade tensions present a risk to the euro area economy, the bloc's central bank found in its biannual Financial Stability Review out on Wednesday. The European Central Bank also said weak growth was now a bigger threat than high inflation in the 20-nation euro zone. The latest figures recorded euro zone economic growth at a two-year high of 0.4% in the third quarter, while headline inflation hit 2% in October. "Rising global trade tensions and a possible further strengthening of protectionist tendencies across the world raise concerns about the potential adverse impact on global growth, inflation and asset prices," the Financial Stability Review said. Economists say the knock-on impact of implementing these measures could drag on the euro, if a slowdown in exports spurs the ECB to cut interest rates further and faster.

Persons: Donald Trump's Organizations: European Central Bank, ECB, U.S Locations: U.S, China

☆ Accident or sabotage? American and European officials disagree as key undersea cables are cut
▼ + stars: | 2024-11-20 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —Investigators are trying to crack the mystery of how two undersea internet cables in the Baltic Sea were cut within hours of each other, with European officials saying they believe the disruption was an act of sabotage and US officials suggesting it was likely an accident. The two cables – the BCS East-West connecting Lithuanian and Sweden and the C-Lion1 linking Finland with Germany – were suddenly disrupted on Sunday and Monday. And the disruption to the cables came just weeks after the US warned that Moscow was likely to target critical undersea infrastructure. Instead, the two officials told CNN they believed it likely caused by an anchor drag from a passing vessel. The Chinese-flagged ship Yi Peng 3 was spotted in the area around the times the two cables were cut.

Persons: Germany –, Boris Pistorius, “, ”, Yi Peng, Lin Jian, China “ Organizations: CNN —, BCS, Germany’s, Europe, CNN, Wednesday, Swedish, Administration, Finnish National Bureau of Investigation, Danish Armed Forces Locations: Baltic, Lithuanian, Sweden, Finland, Germany, Russia, Moscow, particuar, Ust, Luga, Yi, China

☆ 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

☆ 7 key details from Elon Musk and Vivek Ramaswamy's DOGE plan
▼ + stars: | 2024-11-20 | by ( John L. Dorman | Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

On Wednesday, Musk and Ramaswamy outlined their vision for DOGE, which Musk previously said would cut $2 trillion from the federal budget. Ron DeSantis' Presidential Announcement with Elon MuskTheir opinion piece, published in the Wall Street Journal, is lengthy and dense, filled with Supreme Court rulings and decades-old statutes. Musk and Ramaswamy wrote that their goal for deep reform will be rooted in two Supreme Court rulings. Musk and Ramaswamy make it clear that by eliminating federal regulations, there should also be "mass head-count reductions across the federal bureaucracy." Musk and Ramaswamy note that Trump has implied that the statute is unconstitutional and predict that the Supreme Court would agree.

Persons: Elon Musk, Vivek Ramaswamy, Ramaswamy, Musk, Ron DeSantis, Loper, Raimondo, Chevron, Trump, haven't, DOGE, Musk's, Tesla, overreach Organizations: Department of Government, Florida Gov, Elon, Street, Management, Environmental Protection Agency, Chevron, Natural Resources Defense Council, Congress, Corporation for Public Broadcasting, Public Broadcasting Service, National Public Radio, Social Security, SpaceX, Trump, Musk Locations: Florida, America, West Virginia

☆ The Department of Justice asks court to force Google to spin off Chrome
▼ + stars: | 2024-11-20 | by ( Brian Fung | ) edition.cnn.com time to read: +7 min

Google has promised to appeal; the company didn’t immediately respond to a request for comment on Wednesday’s filing. “Google is a monopolist, and it has acted as one to maintain its monopoly,” Mehta wrote in his opinion. The Microsoft case has been credited with paving the way for Mozilla’s Firefox and Google’s Chrome browsers, which ultimately allowed Google to promote its search engine to billions of internet users. The Microsoft parallels in the Google case are clear, Mehta wrote in his August opinion. Even as Google fights the Justice Department on remedies in the search case, the company is embroiled in another antitrust battle just across the Potomac River in Alexandria, Virginia.

Persons: didn’t, Amit Mehta, Mehta, Satya Nadella, Bing, OpenAI, Trump, Joe Biden, – Mehta, Sherman, ” Mehta, “, ” Organizations: CNN, Google, Justice Department, Apple, Samsung, DOJ, Microsoft, Verizon, Court, District, Columbia, Chrome, Windows, Netscape, Department Locations: California, Alexandria , Virginia

☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ Jose Ibarra sentenced to life in prison without parole for Laken Riley murder
▼ + stars: | 2024-11-20 | by ( Nicole Chavez | ) edition.cnn.com time to read: +6 min

Riley’s family cried and multiple gasps and sobs were heard in the courtroom when the first guilty decision was announced. The defense questioned the quality of that DNA evidence and its analysis. In addition, a blood-like stain on a navy blue jacket found in a dumpster contained the DNA of Riley and Ibarra, Hinkle testified. He slammed current immigration policy, saying Ibarra should have not been allowed to enter the United States. “Open border policies failed Laken Riley, and today’s verdict is a reminder that the safety of our communities must remain our number one priority.

Persons: Laken Riley, Jose Ibarra, H, Patrick Haggard, Ibarra, Riley’s, Riley, sobs, ”, Allyson Phillips, Phillips, ” Riley’s, Connolly Huth, Judge Haggard, ” Huth, “, Arvin Temkar, Kaitlyn Beck, Ashley Hinkle, Joshua Epps, Hinkle, Investigators, Sheila Ross, Hyosub, Donald Trump, Brian Kemp, ” Kemp Organizations: CNN, Augusta, University of Georgia, Atlanta, AP, Ibarra, Prosecutors, of Investigation, UGA, Adidas, Georgia Gov Locations: Venezuela, Athens, Clarke, Augusta University’s Athens, Georgia, Ibarra . Georgia, United States

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