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☆ Former TikTok CEO Kevin Mayer says AI hype is at an all-time fever pitch right now
▼ + stars: | 2024-05-24 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

Kevin Mayer, co-founder and co-CEO of Candle Media, speaks at the Milken Institute Asia Summit in Singapore on Sept. 29, 2022. Former TikTok CEO and Candle Media co-CEO Kevin Mayer says the hype around artificial intelligence has reached a crescendo, with company valuations looking "astronomical." "AI provides capabilities that have not yet been seen and are very valuable. But the hype cycle has been dramatic," Mayer said. "I think we'll see a peak of that, of the hype within AI, the valuations, and everyone talking about how it's gonna disrupt every single corner of our economic universe and personal lives."

Persons: Kevin Mayer, Karen Tso, Mayer Organizations: Candle Media, Milken Institute Asia Summit Locations: Singapore, Paris

☆ Big Tech goes on AI charm offensive in Europe as regulators circle
▼ + stars: | 2024-05-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

It's worth noting that their comments come as the world's first major law governing AI, the EU's AI Act, was given the final greenlight. Meanwhile, European Commissioner Thierry Breton, a major architect of rules around Big Tech, is set to speak later in the week. Vogels, who is tasked with driving technology innovation within Amazon , said that AI can be used to "solve some of the world's hardest problems." Manyika said Google open-sourced its watermarking tech so that any developer can "build on it, improve on it." "I am concerned that there is potential for monopolies to emerge around Big Tech and AI," he said.

Persons: Rafael Henrique, Lightrocket, Werner Vogels, Society James Manyika, Thierry Breton, Vogels, Manyika, it's, Google's, Gemma AI, Emmanuel Macron, Eric Schmidt, Yann LeCun, Macron, Matt Calkins, Appian, Calkins Organizations: Getty, France —, Viva Tech, Amazon Chief, Google, Technology, Society, Regulators, Big Tech, European Union, Microsoft, Amazon, Meta, Elysee, CNBC Locations: PARIS, France, Paris, Jakarta, Indonesia, View , California, U.S

☆ Citi fined $79 million by British regulators over fat-finger trading and control errors
▼ + stars: | 2024-05-22 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

LONDON — British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. "Firms involved in trading must have effective controls in place in order to manage the risks involved. The regulators said that certain system and control issues persisted during the probe period and led to trading incidents, such as so-called fat-finger trading blunders. "Deficiencies in CGML's trading controls contributed to this incident, in particular the absence of certain preventative hard blocks and the inappropriate calibration of other controls," the statement read. "We immediately took steps to strengthen our systems and controls, and remain committed to ensuring full regulatory compliance."

Persons: Sam Woods Organizations: CitiBank, LONDON, Citi, Prudential, Authority, Financial, Citigroup Global Markets, prudential, CNBC Locations: Manhattan, New York City

☆ Identity theft is where bad actors are focusing their attention, says CyberArk CEO
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIdentity theft is where bad actors are focusing their attention, says CyberArk CEOMatt Cohen, CyberArk CEO, joins 'Closing Bell Overtime' to talk its acquisition of Venafi, the cybersecurity landscape, and more.

Persons: Matt Cohen Organizations: Venafi

☆ As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +28 min

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Persons: Dave Langston’s, Langston, ”, Dave, Linda Langston, Conn ., S.D, N.M, “, Dave Jones, Carolyn Kousky, “ It’s, Sridhar Manyem, Bill Montgomery, Kristin Heiges, Eldon Neighbor, That’s, Tom O’Meara, Kelsey Kremer, Reinsurers, Doug Ommen, Brandi Mace Storm, David Storm, Tim Kuehner’s, Brandi Mace Storm’s, haggling, Pekin, Mace Storm, Susan Crisler, Tim Kuehner, Tony J, Larson, Chesleigh Fowler, Kelley Erstine, Mr, Erstine, ” Kevin Walters, California Colorado Utah Washington Matt Child, Matthew Baker, Ariz, ” Mr, Baker, Amy Bach, United, Dave Langston, Ommen, Tim Zawacki, Lyndsey Layton, Douglas Alteen, Claire O'Neill, Matt McCann Organizations: IOWA MINNESOTA SOUTH, COLORADO ARKANSAS, NEBRASKA COLORADO, SOUTH, New York Times, Ark . Iowa Ariz, Minn, La . Iowa Iowa Neb, Neb . Texas Idaho Ga, ND Iowa, S.D . Miss, Wash . Ohio Utah Wis, University of California Berkeley, Treasury Department, Environmental Defense Fund, State, NOAA, Celina Insurance, Secura Insurance, Secura, Homeowners, Swiss, Des Moines Register, Associated, “, Iowa, Iowa Minnesota Wisconsin, Pekin Insurance, Pekin, Christensen Group Insurance, Travelers, Nationwide, Indiana Ohio Michigan Illinois, . Arkansas Kentucky Florida Tennessee, Tennessee Department of Commerce and Insurance, ”, Washington, Wildfire, California Colorado, California Colorado Utah Washington, P Global Market Intelligence Locations: Iowa, IOWA MINNESOTA, IOWA MINNESOTA SOUTH DAKOTA NEBRASKA, COLORADO, COLORADO ARKANSAS KENTUCKY ILLINOIS, IOWA MINNESOTA SOUTH DAKOTA, NEBRASKA COLORADO ARKANSAS, KENTUCKY ILLINOIS, SOUTH DAKOTA NEBRASKA, COLORADO ARKANSAS, Iowa , Minnesota, South Dakota , Nebraska , Colorado , Arkansas , Kentucky, Illinois, Cedar Rapids, Cedar Rapids , Iowa, Marshalltown , Iowa, Florida , California, Louisiana, Iowa , Arkansas , Ohio, Utah, Washington, Colo, Mass, Colo . Calif, Calif, Colo . Ala, Colo ., Mont, Fla, Ark . Iowa, Colo . Ill, S.D, N.D, Conn, Del . Idaho Fla, Miss, Neb ., Ky, Ga, Hawaii Mont, N.M . Iowa Fla, Mont ., La . Iowa, Neb . Texas Idaho, ND, Md, Ill, Wyo, Ill . Idaho, . Ill, Minn, Ind, S.D . Vt, La . Texas Mont, Neb . NC, Neb . Mich, N.M, S.D ., Va . Ore . Ohio Mo . Texas, Tenn, Wash . Ohio Utah, Okla, Tenn . Utah, Wis, S.D . Va . Ore . Ohio Mo . Texas, California, American, U.S, Pennsylvania, Arizona, Wisconsin, United States, Marshalltown, Iowa Minnesota, Iowa Minnesota Wisconsin South Dakota, Celina, Pekin, Des Moines, Minnesota, Illinois , Indiana , Ohio, Illinois , Indiana, Michigan, Arkansas, Kentucky, Tennessee, . Arkansas Kentucky Florida, Georgia , Kentucky, Mississippi, Washington State, California Colorado Utah, Salt Lake City, Phoenix, Flagstaff, it’s, Gilbert, Seattle, Colorado, Florida’s, Central City , Iowa, Georgia

☆ 'It's our duty': Bank of England chief says cutting rates just before a UK election wouldn't be an issue
▼ + stars: | 2024-05-09 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Bank of England Governor Andrew Bailey addresses the media during the central bank's Monetary Policy Report press conference at the Bank of England, in London, Britain, on February 1, 2024. LONDON — Bank of England Governor Andrew Bailey on Thursday played down any political pressure received by his institution, confirming that a rate cut immediately before a General Election wouldn't be out of the question. This is especially true in election cycles if citizens are dealing with an economic downturn or a cost-of-living squeeze. The Bank of England, which became officially independent in 1998, is no stranger to this pressure with elections expected before the end of this year. The Bank is nearing its first rate cut since 2020, despite holding steady on Thursday.

Persons: Andrew Bailey, wouldn't, Bailey, CNBC's Steve Sedgwick, it's Organizations: England, Bank of England, LONDON — Bank of England Locations: London, Britain

☆ Big Tech is eating as much data as it can to win in AI — but it's not 'winner takes all,' CEO says
▼ + stars: | 2024-05-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Matt Calkins, CEO and co-founder of Appian, said that though internet giants like Microsoft , Amazon , and Google are spending billions on the tech, ensuring success in AI is "not just about money." "AI is not a place where money makes more money," Calkins told CNBC in an interview at its London bureau on Tuesday. Microsoft has struck a similar deal with Mistral, taking a 15 million euro ($16 million) stake in the French AI firm. Separately, Amazon has invested a whopping $4 billion into U.S. AI firm Anthropic, which is behind the Claude AI system. "The best AI will be the AI you put your data into, not whoever bought the biggest stack," he said.

Persons: Matt Calkins, Appian, Calkins, Sam Altman, Altman, Claude, you've, —, Sundar Pichai Organizations: Microsoft, Google, CNBC, Mistral, Amazon, OpenAI, Anthropic, British Locations: London, OpenAI, Redmond, Washington, French, Anthropic, Europe

☆ Siemens Energy changes leadership at embattled wind turbine unit
▼ + stars: | 2024-05-08 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, May 29, 2020. The German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures." "In a very difficult situation at Siemens Gamesa, Jochen laid the central foundations for the urgently needed reorganization and new start within Siemens Energy. It is only fair to emphasize that the causes of the quality problems did not fall under his tenure as CEO," said Siemens Energy CEO Christian Bruch in a statement. Siemens Energy suffered a rough 2023.

Persons: Jochen Eickholt, Vinod Philip, Jochen, Christian Bruch, Gamesa Organizations: Energy Facility, Siemens Energy, Siemens Gamesa Locations: Energy Facility California

☆ European markets set to rise with global sentiment remaining stable after U.S. jobs data
▼ + stars: | 2024-05-06 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

LONDON — European markets are set to advance Monday as traders continue to assess the possibility of rate cuts after softer-than-expected U.S. jobs data. The French CAC 40 was set to open 50 points higher at 8,239 points, German DAX was expected to jump 60 points to 18,050. Friday's U.S. nonfarm payrolls report showed 175,000 jobs were added in April, below the 240,000 jobs expected by economists surveyed by Dow Jones. The unemployment rate edged up to 3.9% from 3.8% in the prior month, according to the Bureau of Labor Statistics. Wage figures also came in lower than expected, an encouraging sign for inflation.

Persons: DAX, nonfarm, Dow Jones Organizations: CAC, Bureau of Labor Statistics

☆ 10-year Treasury yield holds below 4.5% after softer-than-expected U.S. jobs data
▼ + stars: | 2024-05-06 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

U.S. Treasury yields were lower Monday, continuing a fall after Friday's April jobs report showed weaker-than-expected payrolls growth and an unexpected tick higher in unemployment. The yield on the 10-year Treasury was off 2 basis points to 4.4975%. The 2-year Treasury yield was slightly lower to 4.8056%. U.S. payrolls rose by just 175,000 last month, the Bureau of Labor Statistics said on Friday, short of the Dow Jones estimate from economists of 240,000. Wage growth was also less than expected, the report showed.

Persons: Dow Jones Organizations: Treasury, of Labor Statistics

☆ Japan's finance minister says yen intervention may be necessary when there are 'excessive' moves
▼ + stars: | 2024-05-03 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, Saturday, May 13, 2023. "When there is an excessive movement, it may be necessary to smooth it out," he told CNBC's Dan Murphy, according to a translation. Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country's policymakers if the yen moved in sharp directions that started to impact households and companies. The finance minister declined to comment when asked whether current levels for the yen were appropriate. In the last few decades, while other global central banks have tightened their policies, Japan had maintained its ultra-loose strategy.

Persons: Shunichi Suzuki, CNBC's Dan Murphy, they've, Nicholas Smith Organizations: Toki, Japanese Finance, CNBC Locations: Niigata, Japan, Tbilisi , Georgia, propping

New Labour Party MP for Blackpool South, Chris Webb (C) reacts as his win is announced at the count centre in Blackpool, north-west England on May 3, 2024, during the Blackpool South by-election. The opposition Labour Party won a Blackpool South by-election, taking the seat from the Conservatives. The Reform UK party, founded by Brexit proponent Nigel Farage, came in third. Labour leader Keir Starmer posted on the social media platform X that the "swing towards Labour in Blackpool South is historic." Angela Richardson, deputy chair of the Conservative Party, told the BBC the result "was not unexpected," especially given the circumstances that sparked the by-election.

Persons: Chris Webb, Rishi Sunak's, David Jones, Nigel Farage, Scott Benton's, Keir Starmer, Angela Richardson Organizations: New Labour Party, Blackpool South, Blackpool, LONDON, Rishi Sunak's Conservative Party, Labour Party, Conservatives, New Labour, Conservative, Reform UK, Labour, Conservative Party Locations: Blackpool, England, Britain

☆ A Utah couple accidentally shipped their cat in a Amazon box to California
▼ + stars: | 2024-04-30 | by ( Sydney Bishop | ) edition.cnn.com time to read: +6 min

A not-so-micro discoveryBack in California, Hunter took her new foster to the vet. Boxed in before a trio of ‘miracles’“The box is Galena’s absolute favorite place to play in, and she’s pretty chill and happy when she’s in a box,” Clark told CNN. Courtesy Carrie ClarkUPS then ferried away the box, Amazon representative Alisa Carroll told CNN. Courtesy Carrie ClarkGalena will likely continue to be a massive box lover – hopefully without again taking off in one. “It’s a really, really easy procedure.

Persons: wasn’t, Brandy Hunter, ”, “, ” Hunter, Carrie Stevens Clark, Carrie Clark, Clark, of Jesus Christ, Hunter, Los Angeles –, ” Clark, Carrie Clark “, hysterically, Carrie, Matt Clark, Matt, ” Carrie Clark, it's, Carrie Clark UPS, Alisa Carroll, ‘, Carrie Clark Eight, “ We’re, Brandy, Galena, ” Amazon’s Carroll, Carrie Clark Galena, he’s Organizations: CNN, of Jesus, Facebook, Galena, Clarks Locations: California, Utah, Lehi , Utah, Galena, Jurupa Valley , California, Los Angeles, Jurupa Valley, crouched, Clark

☆ IMF chief warns of emerging market risk with high U.S. interest rates
▼ + stars: | 2024-04-30 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the Global Policy Agenda at IMF headquarters during the IMF/World Bank Spring Meetings in Washington, DC on April 18, 2024. Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a monetary policy divergence between Europe and the U.S., but said issues could be more acute in emerging markets. The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic. A high U.S. interest rate environment is traditionally bad news for emerging markets, as it makes their debts — often priced in U.S. dollars — more expensive. "It is a much more serious issue for countries where the impact of high interest rates in the United States are more profound — in many emerging market economies," Georgieva told CNBC's Silvia Amaro in Brussels on Monday.

Persons: Kristalina Georgieva, Georgieva, CNBC's Silvia Amaro Organizations: Monetary Fund, IMF, International Monetary Fund Locations: Washington , DC, Europe, U.S, United States, Brussels, Japan

☆ Inside the investing strategy of Hunterbrook Capital, the news-driven hedge fund. Can it succeed in a ruthless industry?
▼ + stars: | 2024-04-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Small team, limited scopeThe hedge fund makes trades based solely on news from Hunterbrook Media, its media sister company, sometimes getting advanced copies of the articles and placing trades before publication. AdvertisementThe hedge fund, however, has just one sole full-time employee. Before a story is published on Hunterbrook Media, the firm's general counsel reviews it to make sure there's not any insider information — such as leaked earning figures — in it. AdvertisementIf the general counsel and the executives green light the story to be shared, then it goes to the hedge fund — in other words, Dunlevie and Horwitz — prepublication. Opportunities few and far between so farInvestigations from Hunterbrook Media so far have less than a 50% hit rate on turning into trades for the hedge fund.

Persons: —, Nate Anderson's Hindenburg, Carl Icahn's, Nathaniel Horwitz, Matt Murray, Paul Steiger, Bethany McLean, That's, Courtney Dunlevie, Horwitz, Sam Koppelman, Brian Koppelman, Dunlevie, Horwitz — prepublication, isn't, It's Horwitz, Matt, Pulitzer, Tony Horwitz, Geraldine Brooks, Cash, Hunterbrook, Marc Lasry, David Fialkow, Matt Cherwin, we're, " Horwitz Organizations: Service, Business, Hunterbrook, Hunterbrook Media, Wall Street, Barclays, Commonstock, Phoenix Suns, Avenue Capital, Catalyst, JPMorgan Locations: Italian, Korean, Brazil

☆ WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars'
▼ + stars: | 2024-04-28 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures are not applied. "The global growth [estimate] this year is around 3.2 [%]. "Trade will change and global value chains — there will be some more near-shoring and friend-shoring — but we shouldn't lose the baby with the bathwater ... Then we have to address the global debt situation. We haven't seen this kind of debt since the Napoleonic Wars, we are getting close to 100% of the global GDP in debt," he said. He also motioned persistent inflationary pressures and that generative artificial intelligence could be an opportunity for the developing world.

Persons: Borge Brende, CNBC's Dan Murphy, shoring Organizations: Economic, Energy Locations: Saudi Arabia

☆ Dubai property boss says floods were overexaggerated: 'Things like that happen in Miami regularly'
▼ + stars: | 2024-04-28 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Flash floods that formed led to water engulfing cars, in some areas fully submerging them, leading hundreds of drivers to abandon their vehicles on roads to escape the rising water levels. The deluge also closed schools and businesses, grounded hundreds of flights, and destroyed cars, businesses and other property. Damac's Sajwani conceded there was chaos at the airport, but said the UAE had recovered much faster than other nations would have. "Fine, we get some, in one of the malls, some damage. He explained that he arrived in Dubai from London just a few hours after the rains had stopped, and visited all the major properties that belong to his company.

Persons: Hussain Sajwani, Damac's Sajwani, CNBC's Dan Murphy, it's Organizations: Damac, United, UAE, Energy Locations: United Arab, UAE, Riyadh, Saudi Arabia, Dubai, London

Alex Kraus | Bloomberg | Getty ImagesEuropean Central Bank policymaker Joachim Nagel said Wednesday that a rate cut for the institution looks increasingly likely for June, but added that certain parts of the incoming inflation data still look higher than desired. watch nowEarlier Wednesday, Mario Centeno, governor of Portugal's central bank, said it was "about time to change this monetary policy cycle." The ECB's June interest rate decision would be "very important," he said. Markets are widely pricing in the first rate cut from the ECB to take place in June. watch nowEarlier this week, ECB President Christine Lagarde said that unless there were any major shocks, the ECB was on track to cut interest rates soon.

Persons: Joachim Nagel, Alex Kraus, Central Bank policymaker Joachim Nagel, Germany's Bundesbank, Karen Tso, " Nagel, —, Mario Centeno, CNBC's Tso, Christine Lagarde, disinflation, CNBC's Sara Eisen, Robert Holzmann, Holzmann, wasn't Organizations: Deutsche Bundesbank, Bloomberg Television, Bloomberg, Getty, Central Bank, ECB Locations: Frankfurt, Germany, Washington ,, Europe, Portugal's, Austrian, East

☆ Photos show heavy rain and severe flooding in the United Arab Emirates
▼ + stars: | 2024-04-17 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

Storms and heavy rain have caused flooding in some Gulf states, leading to the Tuesday closure of Dubai's airport — one of the busiest in the world. The United Arab Emirates, usually known for its hot and sunny weather, reportedly saw over 100 mm of rain in a 24-hour period, marking a 75-year record since the country began logging rainfall. The local government also issued a red warning and shuttered offices, school and banks. The storms hit other parts of the Middle East, with at least 19 dead in Oman due to flooding, according to local media.

Organizations: United Locations: United Arab Emirates, Oman

☆ Bitcoin and other cryptocurrencies tumble amid Middle East tensions
▼ + stars: | 2024-04-14 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Bitcoin had been trading at around $70,000 on Saturday evening but plunged to below $62,000, according to data from the Bitstamp exchange. Bitcoin was down some 8% late on Saturday evening as U.S. officials confirmed the attack was taking place. The cryptocurrency market suffered heavy selling overnight Saturday amid an unprecedented Iranian drone and missile attack on Israel. In the Middle East, events overnight marked the first instance of a direct attack on Israel from Iranian territory. The deluge of drones and missiles on Israel was reportedly in response to a suspected Israeli strike that killed top Iranian officials in Syria.

Persons: Bitcoin, bitcoin, —, Ruxandra Iordache Organizations: Bloomberg, Tel, Tel Aviv Stock, TA Locations: Israel, Syria, Tel Aviv, London

☆ Europe’s A.I. ‘Champion’ Sets Sights on Tech Giants in U.S.
▼ + stars: | 2024-04-12 | by ( Liz Alderman | Adam Satariano | ) www.nytimes.com time to read: +1 min

Arthur Mensch, tall and lean with a flop of unkempt hair, arrived for a speech last month at a sprawling tech hub in Paris wearing jeans and carrying a bicycle helmet. Mr. Mensch, 31, is the chief executive and a founder of Mistral, considered by many to be one of the most promising challengers to OpenAI and Google. revolution, the French government has singled out Mistral as its best hope to create a standard-bearer, and has lobbied European Union policymakers to help ensure the firm’s success. should not be dominated by tech giants, like Microsoft and Google, that might forge global standards at odds with the culture and politics of other countries. At stake is the bigger question of which artificial intelligence models will wind up influencing the world, and how they should be regulated.

Persons: Arthur Mensch, Mensch, ” Matt Clifford, Europe scrambles Organizations: Mistral, Google, European Union, Microsoft Locations: Paris, United States, China, France, British, Europe

☆ Melina Abdullah: Cornel West announces fellow academic as running mate
▼ + stars: | 2024-04-10 | by ( Aaron Pellish | ) edition.cnn.com time to read: +5 min

We can be expansive and imaginative.”Abdullah, who was raised Baptist, said she believes her religious background ties into the core themes of West’s campaign. A contrast with BidenWest’s choice of a Muslim running mate accentuates his push to appeal to Muslim American voters who are dissatisfied with Biden’s handling of the Israel-Hamas war. “That said, Black Lives Matter does not endorse candidates, right? So Black Lives Matter will not be endorsing me. People within Black Lives Matter, my prayer and hope is that they’ll come with us.

Persons: Cornel, Melina Abdullah, Smiley, ” West, “, Fannie Lou Hamer, Martin Luther King Jr, Abdullah, Joe Biden, ”, I’ve, ” Abdullah, Annahita, ’, ’ ” Abdullah, Biden, accentuates, West, Dexter Reed, Kamala Harris, “ Biden, Harris, Lloyd Austin, We’re, Cornel West, Donald Trump, Matt Corridoni, “ I’ve Organizations: CNN, Independent, Cornel West, Black, California State University , Los, “, Muslim, Democratic National Committee, ”, Howard University, American Studies, University of Southern Locations: Muslim, California State University , Los Angeles, Israel, Michigan, Gaza, Chicago, University of Southern California

☆ RFK Jr. raises possibility that January 6 wasn’t a ‘true insurrection,’ suggests ‘political objectives’ are motivating prosecutions
▼ + stars: | 2024-04-05 | by ( Aaron Pellish | Marshall Cohen | ) edition.cnn.com time to read: +6 min

“That would fit a disturbing pattern of the weaponization of government agencies — the DoJ, the IRS, the SEC, the FBI, etc. In the statement, Kennedy pledged to name an independent special counsel to investigate “whether prosecutorial discretion was abused for political ends” in January 6 cases. Without the impartial rule of law, there is no true democracy or moral governance,” Kennedy said. “(Trump) overthrowing — trying to overthrow the election clearly is threat to democracy,” Kennedy said in a CNN interview on Monday. “But the question was, who is a worse threat to democracy?

Persons: Robert F, Kennedy Jr, President Trump, ”, “, Kennedy, ” Kennedy, Donald Trump, Undercutting Kennedy’s, Trump, Trump’s, —, Joe Biden’s, stokes, Matt Corridoni, Stefanie Spear, CNN’s Erin Burnett, Biden, I’m, Erin Organizations: CNN, Independent, Capitol, Trump, J6, DoJ, IRS, SEC, FBI, Justice Department, Democratic National Committee, RFK Jr

☆ Swiss banking giant UBS to launch share buyback of up to $2 billion
▼ + stars: | 2024-04-02 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

UBS logo is seen at the office building in Krakow, Poland on February 22, 2024. UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take place this year. The new program follows the completion of the 2022 buyback, during which 298.5 million of it shares were purchased. This represented 8.62% of its stock worth $5.2 billion, according to UBS. The bank's 2022 share repurchase program concluded last month.

Organizations: UBS, UBS AG, Credit Suisse AG Locations: Krakow, Poland

☆ What to remember about the new season of 'American Horror Story' starring Kim Kardashian and Emma Roberts before it returns
▼ + stars: | 2024-04-02 | by ( Eammon Jacobs | Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

Read previewFans of "American Horror Story" won't have to wait much longer for the show to return. Here's a refresher on what to know about "AHS: Delicate" before it returns. 'AHS: Delicate' is based on a bookKardashian plays Roberts' publicist on "AHS: Delicate." Eric Liebowitz/FXIn a series first, "AHS: Delicate" is based (at least in part) on a novel: "Delicate Condition" by Danielle Valentine. Kim Kardashian, who's new to the "American Horror Story" ensemble, also has a major role as Siobhan Corbyn, Anna's best friend and publicist.

Persons: —, Ryan Murphy, Emma Roberts, Billie Lourd, Denis O'Hare, Kim Kardashian, Kardashian, Roberts, Eric Liebowitz, Danielle Valentine, Valentine, she's, Anna Alcott, Andrea Bartz, Halley Feiffer, Feiffer, Murphy, Cara Delevingne, Anna, Siobhan Corbyn, Anna's, Dex, Matt Czuchry, Hill, who's, Leslie Grossman, Siobhan, Anna —, It's, He's, Adeline —, Sonia Shawcross, Adeline, Ms, Preecher, Cora, Delevingne, Ivy, Dex's, Virginia Harding, She's, Mary I of England Organizations: Service, Business, AHS, Entertainment, Hollywood, SAG, Hulu Locations: Virginia

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