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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA pilot calling himself a "free citizen" is accused of almost causing a midair crash after taking off in the direction of landing planes, federal investigators say. The federal indictment said that Marsan pointed his Piper Cherokee against the flow of landing air traffic. Statements like this are hallmarks of the Sovereign Citizen movement, according to the Anti-Defamation League, although the indictment has not identified him as such. In court, Marsan said that he didn't consider himself the defendant, according to the Anchorage Daily News.
Persons: , William Brian Marsan, Warren, Bud, Marsan, Piper, didn't, commenter Organizations: Service, FAA, Palmer, Airport, Business, Sovereign Citizen, Defamation League, Southern Poverty Law, Anchorage Daily News, Sound Aviation, Anchorage . Locations: Palmer , Alaska, Anchorage
Harris' visit, following the attempted assassination of former President Trump, makes this her fourth trip to Michigan this year and seventh visit since taking office. However, Harris voiced some distinctions from Biden before becoming vice president, Watson noted. The vice president plans to bring more relief to borrowers, they said. Harris proposed repealing the Trump tax cuts to pay for it. — Jessica DicklerHousingHarris has been a proponent for affordable housing policies both during her tenure as vice president and as senator.
Persons: Kamala Harris, Trump, Olivia Troye, Amanda Stratton, Harris, Chris duMond, Chris Dumond, Biden, Garrett Watson, Watson, — Kate Dore, Drew Altman, Altman, She'd, Fatima Goss Graves, Roe, Wade —, Greg Iacurci, Pell Grant, Joe Biden, Miguel Cardona, Annie, Laura Veldkamp, Veldkamp, — Jessica Dickler, May, — Ana Teresa Solá Organizations: Getty, Tax, Tax Foundation, Biden, — Kate Dore Health, Affordable, Medicaid, National Women's Law, CNBC, Current U.S . Department of Education, Corinthian Colleges, U.S . Department, Corinthian, Columbia University Business School, U.S . Department of Housing, Urban Locations: KALAMAZOO , MICHIGAN, Kalamazoo , Michigan, Michigan, North Carolina, California, U.S
This could be good news for student-loan borrowers looking for relief. When it comes to broader student-loan forgiveness, Harris has stood behind Biden's efforts to cancel student debt. AdvertisementBiden's administration is now working toward a second attempt at broader student-loan forgiveness, which is expected to benefit over 30 million borrowers. Harris's office did not immediately respond to a request for comment from Business Insider on the higher education and student-loan forgiveness policies she might prioritize as a candidate. Beyond student-loan forgiveness, Harris has also vouched for free college and supported Sen. Bernie Sanders's College for All Act, which would make tuition free for students at community colleges and four-year public institutions making up to $125,000 a year.
Persons: , Joe Biden, Kamala Harris, Biden, Harris, Pell Grant, Sen, Bernie Sanders's Organizations: Service, Business, Corinthian College, Education Department, Corinthian, Administration, Politico, Bernie Sanders's College, All
CNN —Former Donald Trump White House adviser Peter Navarro was released from a Miami federal prison Wednesday after completing his four-month sentence for defying a subpoena from the January 6 congressional committee. Trump adviser Steve Bannon started serving his four-month sentence earlier this month at a federal prison in Connecticut. Navarro, who is in his 70s, worked as a law library clerk during his time in the prison camp, his prison consultant Sam Mangel told CNN. “It gave him a chance to write.”Mangel said Navarro was liked and respected by his fellow inmates while in the prison. While Navarro was unsuccessful in an emergency appeal to delay his prison sentence, he is now appealing his conviction on the merits.
Persons: Donald Trump White, Peter Navarro, Navarro, Trump, Steve Bannon, Sam Mangel, ” Mangel Organizations: CNN, Donald Trump White House, Miami federal, Republican National Convention, White House Locations: Miami, Milwaukee, Connecticut, Puerto Rican
Ozy Media and founder Carlos Watson were convicted of fraud by a Brooklyn federal jury on Tuesday, in a case accusing them of lying to investors about the now-defunct startup’s finances and sham deals with Google and Oprah Winfrey. Watson, a former cable news anchor and investment banker, and Ozy were each convicted of securities fraud conspiracy and wire fraud conspiracy, while Watson was also convicted of identity theft. The verdict follows a six-week trial that featured testimony by two former Watson deputies, who pleaded guilty to fraud. Ozy folded shortly after The New York Times reported on former chief operating officer Samir Rao’s impersonation of the YouTube executive. He said prosecutors’ view of Ozy’s finances was simplistic and failed to appreciate the nuances of media industry dealmaking.
Persons: Carlos Watson, Oprah Winfrey, Watson, Ozy, Goldman Sachs, Prosecutors, , Breon Peace, Samir Rao’s, Rao, Alex Piper, Sundar Pichai, Watson’s, “ That’s, that’s, Organizations: Ozy Media, Google, “ Ozy Media, New York Times, YouTube, Ozy Locations: Brooklyn, California
For generations of travelers, Pan Am symbolized the lofty air travel ambitions of the US. In 2025, travelers will be able to get their own Pan Am experience in the friendly skies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In operation from 1927 until 1991, Pan American World Airways symbolized the ambitions of a rapidly developing US. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Jet, Pan American, Airways, Business Locations: Pan, NYC, Bermuda, Europe
Bitcoin is still on track to see a major rally by the end of the year, Anthony Scaramucci said. Those catalysts include waning selling pressure, crypto repayments, and promising crypto legislation. Around 40%-50% of payouts could end up being reinvested in crypto, Scaramucci estimated, based on the loyalty many "hardcore" early bitcoin investors have. That's one promising sign bitcoin is becoming a more widely accepted storage of value, which is bullish for its long-term trajectory, Scaramucci said. Bitcoin's price has been depressed partly due to temporary selling pressure, Scaramucci said.
Persons: Bitcoin, Anthony Scaramucci, , Scaramucci, That's Organizations: Service, Skyridge, bitcoin, CNBC, GOP, Intelligence Locations: bitcoin, United States
Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Last month, the German government began selling bitcoin from a wallet operated by the country's Federal Criminal Police Office, referred to locally as the Bundeskriminalamt, or BKA. Bitcoin price reactionIn tandem with these sales, bitcoin has seen its price fall dramatically. At one point in the day, the entire crypto market had shed more than $170 billion in combined market capitalization in a 24-hour period, CoinGecko's data showed. Germany's bitcoin sales aren't the only concern for crypto investors.
Persons: Bitcoin, it's, wasn't, bitcoin, , Nobuaki Kobayashi, James Butterfill, CoinShares, Germany's BKA, Joana Cotar, Cotar, Olaf Scholz, Christian Lindner, Michael Kretschmer, she's, Samson Mow Organizations: Federal Criminal Police, Arkham Intelligence, CNBC, Saxony, Federal Criminal Police Office, German Bundestag Locations: Gox, bitcoin, Germany, Saxony, Federal Republic of Germany, German, Berlin
Southwest Airlines announced Monday that it's adding former US Airways CEO Rakesh Gangwal to its board of directors. The latest defensive maneuver aims to blunt Elliott's accusations that Southwest's board is long-tenured and insular. Gangwal was CEO of the now-defunct US Airways in the late 1990s and early 2000s, before founding Indian low-cost carrier IndiGo in 2006. Southwest announced the board expansion less than a week after it adopted a shareholder rights plan, limiting investors' ability to grow their stakes beyond a 12.5% threshold. Elliott is seeking the ouster of Kelly, Southwest's CEO before becoming executive chair, and Bob Jordan, who has served as Southwest's CEO since 2022.
Persons: Rakesh Gangwal, Elliott, Gangwal, Rakesh, Gary Kelly, Kelly, Bob Jordan, Jordan Organizations: Southwest Airlines, US, Elliott Management, US Airways, IndiGo, Southwest Locations: Asia
The euro slipped on Monday after projections from France's election pointed to a hung parliament amid an unexpectedly strong showing for a left-wing alliance, spawning fresh uncertainty over the country's fiscal outlook. The euro slipped on Monday after projections from France's election pointed to a hung parliament amid an unexpectedly strong showing for a left-wing alliance, spawning fresh uncertainty over the country's fiscal outlook. The yen headed for a third day of gains after rebounding from last week's nearly 38-year trough to the dollar. The euro was 0.06% lower at $1.0827, and earlier slid as much as 0.4% as investors weighed the consequences of a hung French parliament. The dollar slipped 0.07% to 160.70 yen, down from as high as 161.96 on Wednesday.
Persons: Sterling, Emmanuel Macron's, Chris Weston, Macron, Weston, bitcoin Organizations: Federal Reserve, Labour, Conservative, New Popular Front, Le, Traders Locations: Gox
CNBC Daily Open: French far-right advance blocked
  + stars: | 2024-07-08 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advance thwartedFrance's left-wing New Popular Front coalition unexpectedly blocked a far-right advance in the parliamentary run-off vote, securing the largest number of seats but falling short of an absolute majority. Gox bankruptcy estate confirmed that repayments in bitcoin and bitcoin cash had commenced, likely fueling investor concerns of a massive sell-off. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst.
Persons: France's, Jan Hatzius, Goldman Sachs, Bitcoin, Emmanuel Papadakis Organizations: CNBC, Popular Front, Rassemblement, Nasdaq, Dow Jones, Federal Reserve, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Nvidia, Wall Locations: Europe's, U.S, Gox, bitcoin, Novo
Read previewNate Anderson, the chief mind behind activist short-seller Hindenburg Research, has had an eventful past 18 months. AdvertisementDetailed below is the considerable back-and-forth that's taken place since Hindenburg's initial shot across the bow of Adani Group. It cited "numerous examples"of those companies funneling money through private companies owned by Adani, before cash was set to Adani's listed public companies. AdvertisementThe short-seller's investigation also found Adani's private and public companies to have "numerous" undisclosed transactions with other parties, the researchers found, which violates regulatory laws in India. Conflict over Hindenburg's short-selling arrangementIndian regulators have raised specific questions about the structure of Hindenburg's short bet on Adani Group.
Persons: , Nate Anderson, Gautam Adani, Hindenburg, it's, Anderson, Gautam, Hindenburg's, Adani, SEC —, Kingdon, who's, he's, Nikola, Carl Icahn Organizations: Service, Hindenburg, Business, Group, Adani, Adani Group, Hindenburg Research, The Securities, Exchange Board, SEC, Kingdon Capital Management, Regulators, Lordstown Motors, Icahn Enterprises, New York Times, Times, charlatans Locations: India, Manhattan, Adani, New York
Crypto stocks — Stocks tied to bitcoin price slid after the cryptocurrency dropped 5% to its lowest level since February , with the now defunct Mt. Macy's — Shares of the retailer jumped more than 6% following a Wall Street Journal report that an investor group has hiked its takeout offer. Arkhouse Management and Brigade Capital Management are now offering about $24.80 per share for Macy's, up from $24 previously, the report said. Tesla — The electric vehicle manufacturer popped 2%, marking a continuing comeback after its second-quarter vehicle deliveries number beat analyst estimates earlier this week. Shell — Shares popped 1%.
Persons: Stocks, Energy, CleanSpark, Instructure, Tesla, CNBC's Hakyung Kim, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: Marathon, Francisco Partners, KKR, Reuters, Macy's, Journal, Arkhouse Management, Brigade Capital Management, Novo Nordisk —, Harvard, Novo Nordisk's Ozempic, Deutsche Bank, Shell Locations: Novo, Singapore, Rotterdam
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street Research downgraded Nvidia to hold from buy, citing limited upside given the big run already this year. Crypto stocks — Stocks tied to the cryptocurrency plummeted after the trustee for the now defunct Mt. SoftBank Group , Arm Holdings — U.S. shares of SoftBank rose 5.5% after Japanese shares hit their first record high in 24 years on Thursday. Teck Resources — The stock rose more than 2% after Bloomberg reported Thursday that Canada had approved Glencore's $6.9 billion acquisition of Teck's metallurgical coal business.
Persons: Macy's, Stocks, Energy, CleanSpark, Masayoshi, SoftBank, Nio, Zeekr, Li, Emmanuel Papadakis, Teck, Alex Harring, Jesse Pound Organizations: Nvidia, New, Research, Street Journal, Arkhouse Management, Brigade Capital Management, Marathon, SoftBank, Arm Holdings —, Reuters, Francisco Partners, KKR, , European Union, Li Auto, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Bloomberg, Getty Locations: SoftBank, Europe, Novo, Teck
Gox bitcoin recipients and government wallets. Gox still holds about 140,000 bitcoin and has started to repay creditors and former customers. The sharp decline has been accompanied by a wave of selling by notable bitcoin holders, including the defunct Mt. Fairlead Strategies highlighted $60,000 as a key support level that has since been broken. The decisive breakdown puts bitcoin's next support level target at around $51,500.
Persons: Bitcoin, Gox, , Blockworks Organizations: Service, Bitcoin, Arkham Intelligence Locations: Mt, Gox, bitcoin, Germany
Tokyo CNN —In a landmark decision, Japan’s Supreme Court has ordered the government to pay damages to people who were forcibly sterilized under a now-defunct eugenics law, ruling the practice was unconstitutional and had violated their rights. About 25,000 people were sterilized without consent during that period, according to the court ruling, citing ministry data. In the fifth case, the lower court had ruled against the plaintiffs and dismissed their case, citing the 20-year statute of limitations. The Supreme Court overturned this decision on Wednesday, calling the statute “unacceptable” and “extremely contrary to the principles of justice and fairness.”The case is now sent back to the lower court to determine how much the government should pay. In a press conference after the court ruling, Chief Cabinet Secretary Yoshimasa Hayashi expressed the government’s remorse and apology to victims, NHK reported.
Persons: Wednesday’s, Yuichi Yamazaki, , Saburo Tokura, Yoshimasa Hayashi, Fumio Kishida Organizations: Tokyo CNN, Supreme, Getty, NHK, Locations: Japan, Tokyo, AFP
Fundstrat's Tom Lee is standing by his $150,000 forecast for bitcoin despite recent weakness in the cryptocurrency. Bitcoin has been stuck in a tight trading range between $60,000 and $70,000 since it touched an all-time high of about $73,000 in March. Gox starting distributions in July – that was a huge overhang for many years," Lee told CNBC's " Squawk Box " Monday morning. BTC.CM= 1M mountain Bitcoin's recent weakness On June 24, the trustee of the now defunct Mt. Additionally, the U.S. and German governments sent large amounts of previously seized bitcoin to exchanges at the end of June, further driving the coin's recent weakness.
Persons: Fundstrat's Tom Lee, Bitcoin, Bitcoin's, Lee, CNBC's, I'd, bitcoin Locations: Mt, U.S
CNN —Steve Bannon, a former Donald Trump White House strategist, is set to report to a federal prison in Danbury, Connecticut, on Monday to begin a four-month sentence for defying a congressional subpoena. ‘More powerful in prison’The MAGA media firebrand was keeping a busy schedule in the days before his prison sentence. “I’m going to be more powerful in prison than I am now,” Bannon said last week. Those in custody at Danbury can send emails without attachments, but they pass through a monitored system, on a delay. For now, though, Bannon is poised to go through an intake process on Monday that’s familiar to inmates at Danbury.
Persons: Steve Bannon, Donald Trump, Bannon, Peter Navarro, Trump’s, podcaster, Trump, firebrand, “ I’m, ” Bannon, — unbothered, I’m, ’ ” Bannon, , , he’ll, He’ll Organizations: CNN, House, Trump, Justice Department, Federal Bureau of Prisons, Trump White House Locations: Danbury , Connecticut, Washington ,, Danbury, He’ll, acclimate
Bitcoin's blues could linger throughout July, but investors are still optimistic about the cryptocurrency in the second half of the year. July is usually a strong month for bitcoin, which has finished higher for the month in seven of the last 11 years, according to CoinGlass. "There are always other known potential sources of bitcoin supply from government for example, but it's always uncertain when that's coming to market. This week, the crypto market was startled when the U.S. and German governments sent large amounts of previously seized bitcoin to exchanges, according to CryptoQuant. Marion Laboure, senior strategist at Deutsche Bank Research, said growing demand for crypto ETFs will help keep bitcoin's price "elevated" in the months ahead.
Persons: bitcoin, Zach Pandl, it's, JPMorgan's Nikolaos Panigirtzoglou, Pandl, Trump, Marion Laboure, 21Shares, Michael Bloom Organizations: Metrics, Federal, U.S ., Deutsche Bank Research, Solana Locations: U.S, Mt
After Walgreens reported a disappointing quarter on Thursday, CNBC's Jim Cramer told investors why he thinks Amazon is making it hard for the drugstore giant to succeed. "The stock market can be a brutal, brutal, brutal task master. Cramer said Walgreens is more expensive than Amazon and less convenient, adding that there are not enough employees at its stores. He conceded that Walgreens' back-of-store pharmacy business may currently have a slight edge on Amazon. "But they do set out to get the best products with the best values at the most convenient places — the most convenient places meaning your home."
Persons: CNBC's Jim Cramer, Tim Wentworth, Walgreens, Cramer Organizations: Walgreens, Amazon
A decommissioned Russian satellite fractured in space on Wednesday, creating a cloud of debris in low Earth orbit that prompted astronauts aboard the International Space Station to take protective measures. The satellite, which was orbiting about 220 miles above the ground, broke apart into more than 100 shards, according to an announcement on Thursday by U.S. Space Command, a Defense Department agency that executes military operations in space. Space Command added in its statement that there were “no immediate threats,” and that assessments of the situation were ongoing. Russia retired Resurs P1 in 2022. Roscosmos, the Russian space agency and the former operator of the defunct satellite, did not respond to a request for comment.
Organizations: U.S . Space Command, Defense Department, Command, Resurs P1 Locations: Russian, Russia
Read previewIn 2018, JT Lewis, whose little brother Jesse died in the Sandy Hook Elementary School shooting, received a signed letter from Donald Trump. AdvertisementThis evidence photo from the Mar-a-Lago classified documents case shows a letter Donald Trump sent in 2018 to the older brother of a Sandy Hook shooting victim. In the letter, Trump thanks Lewis for coming to the White House "for discussions regarding the safety of our schools." AdvertisementThat “Sandy Hook” letter was a letter to me. I lost my brother in the Sandy Hook shooting and president Trump took the time to reach out.
Persons: , JT Lewis, Jesse, Donald Trump, Jack Smith, Trump, Sandy Hook, Lewis, it's, wxcFGhvDAJ, FM8hDpAonk — JT Lewis, Scarlett Lewis, JT, Scarlett, Jesse McCord Lewis, Victoria Soto Organizations: Service, Elementary, Business, White, DOJ, White House, National School Safety Initiative, JT, Trump Locations: Sandy, Newtown, Rwanda, Parkland , Florida, New Orleans
The game, called The Big Silly Trivia Game, is one of a new set of groups and activities aimed at helping millennials and Gen Z make friends during the loneliness epidemic. While other trivia games like now-defunct HQ Trivia have used live mobile games to draw viewers, The Big Silly Trivia Game wants to fill a hole of questions geared to young women's interests, including nostalgia. While The Big Silly Trivia Game is virtual, Shine has focused on ways to connect people during it. Creators on a Saie Beauty brand trip played a game of The Big Silly Trivia Game The Big Silly Trivia GameShine also recently hosted a game during an event that beauty brand Saie Beauty held in New York's Catskills area. The Big Silly Trivia Game is also getting into real-life events.
Persons: , Natalie Shine, Shine, Z, Rocky's Matcha, Emmett Shine, Korula, Jess Butler, Hayes Flanagan, they're, what's, Merv Griffin, Carrie Bradshaw, she's Organizations: Service, Business, Shine, Netflix, Instagram, Brands, Soft Services Locations: millennials, New York's, New York
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing and the Trump Administration struck a $3.9 billion deal in 2018 to replace the country's aging 747 presidential fleet with two new Air Force One planes. AdvertisementAt the time, the USAF provided a one-year buffer for the planes' delivery, pushing the second's delivery to as late as 2028. In 2022, the Wall Street Journal reported that continuing to fly the old fleet may cost taxpayers $390 million. The new VC-25B program, based on the 747-8i, will replace the Air Force's current VC-25A fleet.
Persons: , Dave Calhoun Organizations: Service, Boeing, Trump Administration, Air Force, Breaking Defense, Business, USAF, Business Insider, Wall Street Journal, Air Force's, Department of Defense
Meet the hobbyists who collect barf bags
  + stars: | 2024-06-19 | by ( Aj Willingham | ) edition.cnn.com   time to read: +12 min
CNN —“I collect barf bags” is not a complete sentence. “I collect barf bags because they’re pretty neat.”“I collect barf bags, and I’m not the only one.”Of the eight billion people on the planet, the number of serious barf bag collectors is just north of 100, according to notable members of their ranks. The ineffable whyWhen Steve Silberburg started collecting barf bags around 1981, he thought he would be the only one. People were indeed amused, but it had an unintended side effect: Classmates started bringing Silberburg other barf bags to add to his collection. “We don’t want anybody to get ahead of us, you know.”“It makes a good litmus test, telling people you collect barf bags,” Silberburg says.
Persons: CNN —, I’m, Dramamine —, Steve Silberburg, , ” Silberburg, Silberburg, Eli Cox, “ It’s, that’s, Cox, , Bob Grove, Bruce Kelly, Grove, Bob Grove's tastefully, Dramamine Bruce Kelly, Grove’s, “ I’ve, ” Kelly, Kelly, somebody’s, it’s, Bruce Kelly's, Gilmore Schjeldahl, Louis, ” Bruce Kelly, Organizations: CNN, Maine, Finn Aviation, TWA Locations: , New York City, Boston, San Francisco, Austin , Texas, San Diego, Tijuana, Burma, Myanmar, American, North Dakotan, Finnish, Omaha, St, England, Japan, Europe
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