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☆ US soldier at Fort Bragg sentenced for running romance scam
▼ + stars: | 2024-04-21 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

A federal judge sentenced a former Army service member to prison for running a romance scam. Romance scams cost Americans $1.3 billion in 2022. AdvertisementA US soldier will spend more than three years in federal prison for a romance scam in which police say he impersonated military officials. Before his arrest, Frimpong was an active-duty Army service member stationed at Fort Bragg, the department said. "The fact that an Army service member was involved in romance scams while serving as a soldier is appalling."

Persons: —, Sanda G, Frimpong, Kate Kleinert, Kleinart, Tom Tanner, Michael Easley Organizations: Army, Service, Department of Justice, Federal Trade Commission, Yahoo, Wired, Social Security, Justice Department, Business Locations: Fort, United States, Nigeria

☆ I've been to 54 countries and have lived in 10. These 5 underrated places are worth the trip.
▼ + stars: | 2024-04-20 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +11 min

Kate Boardman has visited 54 countries around the world and lived in 10, including the US. She's enjoyed spots like France and Bali but says people should visit underrated places like Oman. I've been to 54 countries and lived in 10, including the US. I also think spots like Cancun are super overrated; there are way cooler places to visit in Mexico. Kate Boardman/@wildkat.wandersI first lived in Guatemala in 2021, where I worked as a teacher at an international school.

Persons: Kate Boardman, She's, —, I've, Boardman, It's, You've, they're, @wildkat.wanders, Kate Boardman There's, There's, you've, Earth Organizations: Service, Antigua —, United Arab Locations: France, Bali, Oman, Ecuador, Guatemala, Massachusetts, Germany, Tblisi , Georgia, Paris, London, Cancun, Mexico, Iran, Maharloo, Georgia, Tbilisi, It's, Soviet Union, Kazbegi , Georgia, Turkish, Central America, Costa Rica, Tikal, Guatemala City, Antigua, Boardman, Livingston , Guatemala, El, United Arab Emirates, Yemen, Muscat, Caribbean

☆ Romance scammers are now building trust with AI-generated deepfakes. Here's how to spot them.
▼ + stars: | 2024-04-20 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

It might be because he's a romance scammer called a "Yahoo Boy" who wants to steal your life savings. Once gaining the victims' trust, the scammers use a pretense to solicit money, like the need to pay an emergency medical expense. Last year alone, the FBI's Internet Crime Report estimated that Americans lost more than $650 million to romance scams. Kate Kleinert, a 69-year-old widow, previously told BI that she lost $39,000 to an online romance scam. Over the last two years, the Yahoo Boys started experimenting with deepfake video clips and video calls, according to Wired.

Persons: —, Kate Kleinert, Kleinart, David Maimon, Trina Higgins, Higgins, haven't Organizations: Service, Yahoo, Yahoo Boys, Department of Justice, Business, Federal Trade Commission, Social Security, Wired, Georgia State University, CNN, Nigerian, Prosecutors, Justice Department Locations: Nigeria, Hong Kong, Salt Lake City, Utah

☆ Here's why it could be better to buy Series I bonds before May, experts say
▼ + stars: | 2024-04-19 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

While the annual rate for newly purchased Series I bonds could fall below 5% in May, the assets may still appeal to long-term investors, experts say. Some experts predict the new rate could drop to around 4.27% based on inflation and other factors. Based on the last six months of inflation data, the variable portion will fall from 3.94% to 2.96% in May. The fixed-rate portion is harder to predict, but experts say it could stay close to 1.3%. By contrast, the variable rate stays the same for six months after purchase, regardless of when the Treasury announces new rates.

Persons: there's, Ken Tumin Organizations: Investors, Finance, U.S . Department of, Treasury

☆ Drone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow
▼ + stars: | 2024-04-19 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it's eyeing restaurant partnerships in its next phase of growth. The San Francisco-based startup designs, builds and operates autonomous delivery drones, working with clients that range from more than 4,700 hospitals including the Cleveland Clinic to major brands such as Walmart and GNC. The company said its zero-emission drones have now flown more than 70 million autonomous commercial miles across four continents and delivered more than 10 million products. The push into restaurant partnerships marks an "obvious transition" he said, due to the continuing growth in interest in instant food delivery. Zipline deliveries for some Panera locations in Seattle are expected to begin next year, the Panera franchisee's chief operating officer Ron Bellamy told CNBC.

Persons: It's, Keller Rinaudo Cliffton, Rinaudo Cliffton, Ron Bellamy, I'm, Bellamy Organizations: Cleveland Clinic, Walmart, Sequoia Capital, a16z, Google Ventures, CNBC, Memorial Hermann Health Locations: San Francisco, Ghana, Seattle, Houston, Detroit

☆ Leading with Purpose on Policy
▼ + stars: | 2024-04-19 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLeading with Purpose on PolicyThe past few years have seen national upheaval regarding many social issues: climate change, gun violence, reproductive rights, racial biases, and more—with much attention paid to how companies are addressing these issues with customers and employees. Amalgamated Bank CEO Priscilla Sims Brown, and Maven Clinic Founder & CEO Kate Ryder, share how they are navigating these policies while fulfilling the missions of their companies.

Persons: Priscilla Sims Brown, Kate Ryder Organizations: Amalgamated Bank, Maven

☆ Someone spiked the chowder with PCP on the set of 'Titanic' in 1996 — and we might finally find out how it happened
▼ + stars: | 2024-04-19 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +5 min

In 1996, 80 "Titanic" cast and crew members unknowingly ate PCP-laced chowder, sparking chaos. AdvertisementOn the last day of shooting in Canada, 80 people from the set of 'Titanic' were hospitalized after ingesting PCPA still from "Titanic." Director James Cameron told Vanity Fair he felt "suddenly and very distinctly woozy" after eating chowder provided by a local caterer — though the exact type of chowder is unknown. Related storiesCameron told Vanity Fair that, in his memory, cinematographer Caleb Deschanel (father of actors Zooey and Emily Deschanel) started a conga line down the hospital hallway. The Halifax Police Department investigated for over two years before closing the case in February 1999 due to a lack of suspects, Vanity Fair reported.

Persons: —, crew's, Tricia Ralph, Ralph, James Cameron, chowder, Cameron, Bill Paxton, Larry King, Paxton, Marilyn McAvoy, Caleb Deschanel, Zooey, Emily Deschanel, Leonardo DiCaprio, Kate Winslet, Anthony Wallace, McAvoy, Earle Scott, Scott, We'll Organizations: Nova Scotia, Service, Halifax police, Halifax Police Department, Guardian, Fox, The California, Emergency Medicine, Entertainment, Getty, Quality Foods Ltd, Hollywood, Paramount Locations: Canada, Nova Scotia, Mexico, AFP

☆ Los Angeles is using AI in a pilot program to try to predict homelessness and allocate aid
▼ + stars: | 2024-04-19 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

In December of last year, single mom Courtney Peterson was laid off from her job working for a now-shuttered inpatient transitional living program. Peterson said she began to research potential avenues for help, immediately concerned about making January's rent. "I started to reach out to local churches or places that said they offered rent assistance," Peterson told CNBC. Instead of an eviction notice, Peterson received a letter from Homelessness Prevention Unit within the Los Angeles County Department of Health Services, offering a lifeline. The pilot program uses predictive artificial intelligence to identify individuals and families at risk of becoming homeless, offering aid to help them stabilize and remain housed.

Persons: Courtney Peterson, Peterson, I'd, Dana Vanderford, they've, Vanderford, we've, Amber Lung, Lung Organizations: CNBC, Prevention, Angeles County Department of Health Services, U.S Department of Housing, Urban, county's Department of Health Services, American Locations: Van Nuys, Los Angeles, California

☆ IRS waives mandatory withdrawals from certain inherited individual retirement accounts — again
▼ + stars: | 2024-04-19 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The IRS has again waived required withdrawals for certain Americans who have inherited retirement accounts since 2020. Before the Secure Act of 2019, heirs could "stretch" retirement account withdrawals over their lifetime, which reduced year-to-year tax liability. Now, certain heirs have a shorter timeline due to changed rules for so-called required minimum distributions, or RMDs. Under the Secure Act, certain heirs must empty inherited accounts by the 10th year after the original account owner's death. The latest penalty relief only applies to certain heirs, known as "non-eligible designated beneficiaries," subject to the 10-year withdrawal rule under the Secure Act.

Persons: Biden, Ed Slott Organizations: IRS, Secure, Finance

☆ Day 4 of Trump’s Criminal Trial: Five Takeaways
▼ + stars: | 2024-04-19 | by ( Jesse Mckinley | Kate Christobek | ) www.nytimes.com time to read: +1 min

The first week of the criminal trial of Donald J. Trump ended with a disturbing jolt: a 37-year-old man set himself on fire outside the courthouse, an event that overshadowed the legal proceedings inside. The news of the immolation rippled through the press corps just as the final members of Mr. Trump’s jury — including 12 seated jurors and six alternates — were being sworn in. After lunch, Justice Juan M. Merchan conducted a hearing to determine which questions prosecutors might ask Mr. Trump if he were to testify in his own defense. Mr. Trump, 77, is charged with falsifying 34 business records in an attempt to cover up a payment to Stormy Daniels, an adult film actress who has said they had a sexual encounter in 2006. He has denied the charges; the former president could face probation or prison if convicted.

Persons: Donald J, Trump, Juan M, Merchan, Stormy Daniels Organizations: Prosecutors Locations: Lower Manhattan

☆ Using AI to prevent homelessness: Here's what to know
▼ + stars: | 2024-04-19 | by ( Kate Rogers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUsing AI to prevent homelessness: Here's what to knowCNBC's Kate Rogers joins 'Squawk Box' to discuss how Los Angeles County is testing out artificial intelligence to help find people before they lose housing.

Persons: Kate Rogers Locations: Los Angeles

☆ Avoiding 'blackout shopping' could be the key to saving money, according to a 'frugal living' YouTuber
▼ + stars: | 2024-04-18 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

It's called "blackout shopping," and it's one of the worst things you can do if you're trying to save money, according to Kate Kaden, a YouTuber who gives advice on "frugal living." Living below your means is the best way to save money consistently, Kaden told Business Insider. AdvertisementOne of those is "blackout shopping," Kaden said, when we go out for something specific but get tempted into picking up impulse purchases around the store. Some of Kaden's most popular videos are about consistent ways to save money, things people should stop buying, and how to form a "frugal cocoon." "So shop for where you're really at and what you're going to do."

Persons: —, It's, Kate Kaden, Kaden, you've, Gen Zers, millennials, decluttering Organizations: Service, Business, McKinsey, Federal, YouTube

At 4:34 p.m. on Thursday, a jury of 12 citizens was selected to determine the fate of an indicted former president for the first time in American history, a moment that could shape the nation’s political and legal landscapes for generations to come. The dozen New Yorkers will sit in judgment of Donald J. Trump, the 45th president turned criminal defendant, who has been accused of falsifying records to cover up a sex scandal. If the jurors convict Mr. Trump, he could face up to four years in prison, even as he seeks to reclaim the White House as the presumptive Republican nominee. “We have our jury,” Justice Juan M. Merchan proclaimed as the 12th juror was added. He then swore the seven men and five women to an oath that they would render a fair and impartial verdict, which they accepted with sober expressions as Mr. Trump stared from the defense table.

Persons: Donald J, Trump, Mr, “, Juan M, Merchan Organizations: Republican

☆ Day 3 of Trump’s Criminal Trial: Five Takeaways
▼ + stars: | 2024-04-18 | by ( Jesse Mckinley | Kate Christobek | ) www.nytimes.com time to read: +1 min

The third day of Donald J. Trump’s trial started with drama and ended with a jury. Here are five takeaways from Mr. Trump’s third day on trial:Things slowed down fast. But hopes were high on Thursday that the 12 members might be seated by close of business after seven members were picked Tuesday. For the prosecutors, that meant challenging a previously seated juror who they had discovered had credibility issues. Justice Merchan spent a long sidebar discussing the issue with lawyers from both sides and the juror.

Persons: Donald J, Trump’s, Trump, Stormy Daniels, Justice Juan M, Merchan, Justice Merchan Organizations: Justice Locations: American

☆ Prince William resumes public duties after Kate’s cancer announcement
▼ + stars: | 2024-04-18 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +3 min

London CNN —The Prince of Wales was back in action on Thursday, carrying out his first public engagements since his wife, Catherine, revealed her cancer diagnosis last month. William, 41, visited a surplus food charity in Surrey before he was expected to head to a youth center in west London. Kate’s cancer was found in tests following an abdominal surgery in January. William’s presence will be a welcome signal to royal-watchers that his wife is feeling well enough for him to resume public-facing duties. He made his most significant public appearance on Easter Sunday following the tradition family church outing.

Persons: Prince, Wales, Catherine, William, King Charles III, Prince William, Claire Hopkins, Alastair Grant, George, Charlotte, Louis, “, King Charles Organizations: London CNN, Surplus, Aston Villa, CNN’s Royal Locations: Surrey, London, Kensington, Sheffield, Birmingham

Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.

Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, ”, “ Wonka, Barbie, “ Oppenheimer, —, goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American

☆ 31 of the most daring outfits royals have ever worn
▼ + stars: | 2024-04-18 | by ( Celia Fernandez | Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Royals often have to stick to a dress code, but sometimes they surprise fans with a daring look. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWhen you think of royal fashion, you likely think of extravagant ball gowns, prim coatdresses, or jewelry worth tens of thousands of dollars. And on other occasions, royals have been known to step outside their comfort zones and wear bold looks. Take a look at some of the most daring outfits royals have worn to date.

Persons: Kate Middleton, Meghan Markle, Diana wasn't, —, prim coatdresses, Meghan Markle's, shouldn't Organizations: Royals, Service

☆ Meet the 12 Manhattan Jurors Who Will Decide Donald J. Trump’s Fate
▼ + stars: | 2024-04-18 | by ( Kate Christobek | Wesley Parnell | ) www.nytimes.com time to read: +1 min

Twelve Manhattanites have been chosen to serve on the jury for the first criminal trial of a U.S. president. The judge ordered that the jurors’ identities be kept confidential during the trial and that reporters withhold some information that could identify them. He said he had heard about some of former President Donald J. Trump’s other criminal cases, but he did not have an opinion about him. He said he follows Mr. Trump’s former fixer, Michael D. Cohen, who is expected to be a key witness, on social media. He said he believed Mr. Trump had done some good for the country, adding “it goes both ways.”

Persons: Donald J, Trump’s, Michael D, Cohen, Kellyanne Conway, Trump, ” Organizations: The New York Times, Fox News, MSNBC, New, Trump Locations: West Harlem, New York City

☆ Mickey, Minnie, Donald and Goofy file for union vote at Disneyland
▼ + stars: | 2024-04-17 | by ( Chris Isidore | Natasha Chen | ) edition.cnn.com time to read: +7 min

The group had announced a union organizing effort in February, but very often such campaigns fall short of filing to hold a vote. Union organizing efforts have picked up in the last year, especially in the wake of a number of high profile contract wins by unions that provided union members with large pay raises. There are more than 21,000 Disneyland “cast member” employees, who are represented by more than a dozen unions. But it doesn’t include the performers who dress up as characters such as Mickey and Minnie Mouse, Donald Duck and Goofy and interact with visitors. Vo said it’s difficult for cast members to afford living on their own, and many have roommates.

Persons: “, ”, Kate Shindle, Mickey, Minnie Mouse, Donald Duck, Disney, Mai Vo, Vo, Zach Elefante, Elefante Organizations: California CNN, Actor’s Equity Association, National Labor Relations Board, Disneyland, Disney, Union, Workers, CNN, showtime, Magic Kingdom Locations: Anaheim, California, Los Angeles, Orlando , Florida, Orlando, Southern California, Vo

☆ F.T.C. Said to Consider Blocking Major Fashion Merger
▼ + stars: | 2024-04-17 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission is preparing to sue to block a luxury fashion mega merger, Tapestry’s $8.5 billion takeover of Capri Holdings, two people with knowledge of the matter said. The F.T.C.’s five commissioners are expected to meet next week to discuss the case, a move that could precede a formal vote on whether to file a lawsuit, the people said. The people, who were not authorized to discuss the deliberations, said that it was still possible that the agency could opt not to sue. Monopoly cases in the fashion industry are rare, because there is no shortage of new labels looking to undercut legacy brands. “It is the paradigmatic part of the economy where there is ample competition,” said Howard Hogan, the chair of the fashion, retail and consumer practice at the law firm Gibson Dunn.

Persons: ’, Kate Spade, Capri’s Versace, Michael Kors, Louis Vuitton’s, ”, Howard Hogan, Gibson Dunn Organizations: Federal Trade Commission, Capri Holdings, Gucci, Monopoly Locations: American

☆ Stocks making the biggest moves midday: United Airlines, Travelers, Abbott Laboratories and more
▼ + stars: | 2024-04-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.

Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, —, Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China

☆ Tech companies are using stack ranking to decide job layoffs
▼ + stars: | 2024-04-17 | 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 EmailTech companies are using stack ranking to decide job layoffsCNBC's Kate Rooney joins 'Power Lunch' to report on stack ranking in tech jobs for deciding which employees to lay off.

Persons: Kate Rooney Organizations: Email Tech

☆ Paul McCartney and John Lennon’s sons have released a single together
▼ + stars: | 2024-04-17 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

Yet fans of the Beatles have been taken by surprise by a new single released by the sons of two of the Fab Four - James McCartney and Sean Ono Lennon, who are both musicians themselves. The new single, entitled “Primrose Hill” after a park in north London that offers a panoramic view of the city, was announced by McCartney, son of Paul and his late wife Linda, on Instagram four days ago. Former Beatle John Lennon is photographed with his wife Yoko Ono and son Sean Lennon in New York three years before he was killed. Vinnie Zuffante/Archive Photos/Getty ImagesTogether with a picture of the pair - who look startlingly like their famous fathers - he wrote: “‘Primrose Hill’ is here! And lots of love to Sean Ono Lennon who co-wrote the song.”The picture of the pair used to promote the song is not new.

Persons: Lennon, McCartney, James McCartney, Sean Ono Lennon, Primrose Hill ”, Paul, Linda, John Lennon, Yoko Ono, Sean Lennon, Vinnie Zuffante, “, Hill ’, @sean_ono_lennon, Primrose Hill ’, Mary, Primrose, James, Paul McCartney, Richard Young, Ono Lennon, John, Yoko, Macca, Hill, Instagram, Primrose Hill, Jude Law, Liam Gallagher, Kate Moss Organizations: London CNN, Beatles, Camden Town Locations: London, New York, Scotland, Primrose

CNN —Donald Trump’s campaign is asking Republican candidates and committees using the former president’s name and likeness to fundraise to give at least 5% of what they raise to the campaign, according to a letter obtained by CNN. The letter also included guidelines for Republican candidates and committees when they are using Trump’s name and likeness while fundraising and asked them to avoid “speaking on behalf of” Trump, “creating memberships, clubs, or rewards that are not authorized by the campaign,” “impersonating President Trump or his campaign,” and mentioning Trump’s family without their consent or the consent of the campaign. “It is important to protect small dollar donors from scammers that use the president’s name and likeness,” Trump campaign spokesperson Danielle Alvarez said in a statement. In 2021, his team sent cease-and-desist letters to the RNC and the party’s congressional fundraising arms, asking them to stop using his name and image in their fundraising appeals. Since becoming his party’s presumptive nominee, Trump has launched a takeover of the RNC and now is raising money jointly with the national party.

Persons: Donald Trump’s, fundraise, Susie Wiles, Chris LaCivita, Trump’s, … ” Wiles, LaCivita, Joe Biden’s, ” Trump, ” “, Trump, Danielle Alvarez Organizations: CNN, Republican, Trump National Committee, Republican National Committee, Politico, RNC Locations: Trump’s, York

☆ Series I bonds are ‘still a good deal’ despite an expected falling rate in May, experts say
▼ + stars: | 2024-04-17 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Jetcityimage | Istock | Getty ImagesHow the I bond rate worksThe U.S. Department of the Treasury adjusts I bond rates every May and November. The variable rate portion resets every six months starting on the investor's I bond purchase date, not when the Treasury Department announces rate adjustments. The 1.3% fixed rate "makes it very attractive" for investors who want to preserve purchasing power long term, according to Tumin. How the fixed rate could changeSince the variable rate for I bonds is based on six months of inflation data, experts agree it will fall from 3.94% to 2.96% in May. Enna looks at a half-year average of real yields for 5- and 10-year TIPS to predict fixed rate changes.

Persons: David Enna Organizations: Istock, U.S . Department of, Treasury, Treasury Department Locations: Enna

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