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☆ Podcast: A Russian general's words and photographing with the bulls - plus Putin and Biden on Prigozhin
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +1 min

A Russian general says he was fired for telling his bosses about the dire situation at the front in Ukraine. Does this fresh turmoil mean discontent is spreading in the Russian military? Vladimir Putin on mercenary boss Yevgeny Prigozhin after that aborted mutiny and Joe Biden’s words of advice for the soldier of fortune. Plus, all the latest on the fallout from the China hack, the Hollywood strike and North Korea’s rare UN appearance. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

Persons: Vladimir Putin, Yevgeny Prigozhin, Joe Biden’s, Ukraine Russia's Putin snubs Prigozhin, Biden, Blinken, revellers Organizations: Apple, Google, Reuters, Hollywood, Thomson, Reading, Spain's, Spain's Pamplona Hollywood Locations: Russian, Ukraine, Spain, China, Spain's Pamplona, Korea

Since the news broke, several victims in addition to the Commerce Department have acknowledged they were affected, including personnel at the State Department and U.S. House of Representatives. The Chinese Ministry of Foreign Affairs called the accusations "disinformation" in a statement to Reuters earlier this week. Raimondo's department has implemented a series of export control policies against China, curbing the transfer of semiconductors and other sensitive technologies. A Commerce Department spokesperson said on Wednesday that Microsoft had notified the agency of "a compromise to Microsoft’s Office 365 system, and the Department took immediate action to respond." Reporting by David Shepardson, Christopher Bing and Simon Lewis in Washington Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Gina Raimondo, Antony Blinken, Wang Yi, Raimondo, David Shepardson, Christopher Bing, Simon Lewis, Matthew Lewis Organizations: . Commerce, Microsoft, ., State Department, Commerce Department, House, Representatives, Chinese Ministry of Foreign Affairs, Commerce, Department, FBI, Thomson Locations: China, Jakarta, U.S, Washington

☆ Top Russian general not seen since mutiny is 'resting', lawmaker says
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

July 12 (Reuters) - General Sergei Surovikin, a deputy commander of Russia's military operations in Ukraine who has not been seen in public since last month's armed mutiny by mercenary fighters, is "resting", a lawmaker from the ruling party said on Wednesday. Andrei Kartapolov, head of the State Duma Defence Committee, is heard saying in a video posted on social media: "Surovikin is currently resting. Surovikin, dubbed "General Armageddon" by the Russian press for his aggressive tactics in the Syria conflict, was last seen publicly when he issued a video appeal urging a halt to the June 23-24 mutiny by fighters of Yevgeny Prigozhin's Wagner mercenary group while it was still underway. A New York Times report based on a U.S. intelligence briefing said last month that Surovikin had advance knowledge of the mutiny and that Russian authorities were checking whether he was complicit. Reporting by Reuters, writing by Mark Trevelyan Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergei Surovikin, Andrei Kartapolov, Yevgeny Prigozhin's Wagner, Surovikin, Wagner, Prigozhin, Sergei Shoigu, Staff Valery Gerasimov, Vladimir Putin, Mark Trevelyan, Gareth Jones Organizations: State Duma Defence Committee, Staff, New York Times, Kremlin, Reuters, Thomson Locations: Ukraine, Syria

☆ Russia says it's snagged the intact parts of a Storm Shadow missile, and can now study the British-made munition that's been devastating its operations in Ukraine from long range
▼ + stars: | 2023-07-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Russia said on Thursday that it's obtained intact parts of a downed Storm Shadow missile. "The Storm Shadow missile, shot down by Russian forces in the Zaporizhzhia region, was brought to Moscow for study," Russian state news agency TASS reported. Describing the missile as a "trophy," TASS wrote that Russian authorities had already received the Storm Shadow parts and are inspecting them. Rogozin said Ukraine shelled the area around the downed missile and sent troops to block Russian forces from securing the Storm Shadow parts, per TASS. "The two-day operation to evacuate the captured Storm Shadow has been successfully completed," read a caption for the Telegram post.

Persons: it's, —, Dmitry Rogozin, Rogozin, Storm Shadow, Ukraine —, Ben Wallace, Ursula von der Leyen, Elliot Napier Organizations: Storm Shadow, Service, Russia, Storm, TASS, Telegram, intel, UK Ministry of Defense, Russia's Ministry of Defense, European Commission, Ukraine's Ministry of Defense Locations: Russia, Russian, Zaporizhzhia, Moscow, British, Ukraine, Kyiv

☆ Musk and Zuck promised us a cage fight, but what we've got are 2 reply guys trading petty jabs
▼ + stars: | 2023-07-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Elon Musk and Mark Zuckerberg remain at each others' throats following the launch of Threads. The squabble has ramped up a notch after Twitter threatened to take Meta to court over Threads. It's getting a bit pitiful for Elon Musk and Mark Zuckerberg as their feud continues to escalate, following the launch of Threads. In Musk's case, Twitter CEO Linda Yaccarino should bring a level-headedness that her colleague is clearly lacking. These include hashtags, a "following" feed, and a messaging function, which means Threads is still a skeletal project.

Persons: Elon Musk, Mark Zuckerberg, haven't, Musk, Alex Spiro, Zuckerberg –, Meta, Andy Stone, Sheel Mohnot, Zuckerberg, Zuck, who's, He's, Alex Heath, Linda Yaccarino, Adam Mosseri, Mosseri Organizations: Meta, Twitter, UFC Locations: San Francisco

☆ 'Big Short' investor Michael Burry predicted inflation would plunge - but his calls of a stock-market crash and recession are yet to come true
▼ + stars: | 2023-07-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

When inflation was at its peak last summer, Michael Burry predicted it would fall within months. The "Big Short" investor was right, as price growth has slowed from 9.1% last June to 4% in May. In contrast, Burry's warnings of a historic stock-market crash and a recession are yet to pan out. The bold call from the investor of "The Big Short" fame is looking mightily prescient, but a few of his other forecasts are yet to come true. The investor highlighted some of his greatest hits in a now-deleted tweet last summer:"Just getting one thing right is hard.

Persons: Michael Burry, —, Burry, disinflation, He's, of Labor Statistics Burry Organizations: Service, Index, Twitter, of Labor Statistics, Scion

☆ Putin 'clearly is stumbling' and may be weaker than we thought for letting exiled Wagner boss Prigozhin back into Russia after his revolt, ex-spies say
▼ + stars: | 2023-07-06 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +5 min

Wagner boss Yevgeny Prigozhin is reportedly back in Russia after revolting against Putin's military leaders. It's a shocking and confusing development for former spooks, who told Insider that it may indicate the Russian leader's grip on power is more tenuous than it seems. "The thought that immediately comes to mind is this is a sign of Putin's weakness" amid Russia's continued losses in the Ukraine war, Glenn Carle, a former CIA spy who was stationed in Russia, told Insider. Prigozhin, for now at least, is an anomaly in that he's been allowed back into Russia after leading an armed rebellion against key Russian military officials. British intelligence sources told The Telegraph that Prigozhin called off the advance after Russian officials threatened the families of Wagner leaders if they continued.

Persons: Wagner, Yevgeny Prigozhin, Putin, —, Vladimir Putin's, It's, Alexander Lukashenko, Prigozhin, Fontanka, Russia's, Glenn Carle, John McLaughlin, McLaughlin, Sergei Skripal, Alexei Navalny, he's, Lukashenko, Putin's, excoriate Prigozhin, Carle Organizations: Service, Russian, CIA, Kremlin, Telegraph, Putin Locations: Russia, Belarus, Belarusian, St . Petersburg, Moscow, Ukraine, Russian

☆ Prigozhin-controlled Russian media group shuts amid mutiny fallout
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +2 min

July 2 (Reuters) - Yevgeny Prigozhin's media holding group is to shut down, the director of one of its outlets said, highlighting the mercenary chief's worsening fortunes a week after the collapse of a brief mutiny staged by his Wagner Group fighters. Patriot Media, whose most prominent outlet was the RIA FAN news site, had taken a strongly nationalist, pro-Kremlin editorial line, while also providing positive coverage of Prigozhin and his Wagner Group. Russian newspaper Kommersant reported on Friday that the country's communications watchdog Roskomnadzor had blocked media outlets linked to Prigozhin, without elaborating. Despite the abortive mutiny, Russian authorities have not officially outlawed the Wagner Group, but Putin said on Tuesday the finances of Prigozhin's catering firm would be investigated. Under Prigozhin's leadership, the group has grown into a sprawling international business with mining interests and fighters in Africa and the Middle East.

Persons: Yevgeny Prigozhin's, Wagner, Vladimir Putin, Yevgeny Zubarev, Zubarev, Roskomnadzor, Prigozhin, Putin, Alexei Navalny, Felix Light, Gareth Jones Organizations: Wagner Group, Patriot Media, Kremlin, Russian, Kommersant, Patriot, Wagner, Russia, Thomson Locations: Belarus, United States, Russia, Ukraine, Africa, Ukraine's Crimea, Donbas

☆ North Korea: "No intention to examine" Hyundai Group chief's bid to visit
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

SEOUL, July 1 (Reuters) - North Korea has no intention to "examine" South Korea's Hyundai Group chief's plan to visit the North's Mount Kumgang, the country's foreign ministry said in a statement on Saturday. Hyundai Group Chairwoman Hyun Jeong-eun has been seeking to visit North Korea in August and submitted applications to South Korea's unification ministry, Yonhap news agency reported on Friday, citing an unnamed official at the ministry. Hyundai's late founder, Chung Ju-Yung, was born in North Korea. Mount Kumgang is on North Korea’s east coast near the demilitarised zone separating the two countries. North Korea has long rejected criticism of its rights conditions as part of a plot to overthrow its rulers.

Persons: Kumgang, Hyun Jeong, Chung, Yung, Yoon Suk, Heekyong Yang, Sandra Maler, William Mallard Organizations: Korea's Hyundai, Hyundai, DPRK, Thomson Locations: SEOUL, North Korea, Korea, North Korea’s, Kaesong, Pyongyang

☆ There's blood in the water after Prigozhin's revolt shattered the façade of Putin's invincibility
▼ + stars: | 2023-06-29 | by ( Jason Corcoran | ) www.businessinsider.com time to read: +13 min

It represented the most significant affront to President Vladimir Putin's 23-year reign. It has also fed paranoia and put a spotlight on Aleksey Dyumin, Putin's ex-bodyguard turned governor. A brief and ultimately aborted attempt at a coup d'état by Russian mercenary chief Yevgeny Prigozhin represented the most significant affront to President Vladimir Putin's 23-year reign. President Vladimir Putin (L) and Aleksey Dyumin, the governor of Tula and Putin's former personal bodyguard, in Moscow in 2016. Russian President Vladimir Putin (R) and Tula Governor Aleksey Dyumin visit Russian writer Lev Tolstoy's former home in 2016.

Persons: Yevgeny Prigozhin, Vladimir Putin's, Aleksey Dyumin, Putin's, —, Vladimir Putin —, Prigozhin, Vladimir Fesenko, trundling, Sergey Shoigu, Valery Gerasimov, There's Prigozhin, Wagner, Putin, Belarus —, defenestration, Dyumin, Shoigu, Vladimir Putin, Mikhail Svetlov, Igor Girkin, Alexander Lukashenko —, Dyumin's, Dmitry Peskov, Boris Yeltsin, Viktor Yanukoyvch, Girkin, Andrei Gurulyov, Russia's, Lev Tolstoy's, Tatiana Stanovaya, Alexandra Prokopenko, Prokopenko, Sergei Surovikin, Surovikin, Viktor Zolotov, Zolotov, Alexander Lukashenko, Chris Weafer Organizations: Service, Kremlin, Kommersant, Angry Patriots, Russia's First Channel, Prigozhin, Carnegie Russia Eurasia Center, Central Bank, Washington Post, New York Times, Defense Ministry, Moscow Times, National Guard, Ministry, Macro Locations: Russian, Russia, Rostov, Ukraine, Moscow, Voronezh, Lipetsk, St, Petersburg, Minsk, Belarus, Russia's Tula, Kremlin, Tula, Dyumin's Tula, St Petersburg, Prigozhin, Crimea, Berlin, Novosibirsk, Osipovichi, Africa, Syria

☆ How stocks reacted to Fed chief's comments and why Nvidia trimmed most of its losses
▼ + stars: | 2023-06-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Powell hints at future rate increases Strong demand outweighs potential AI crackdown Look out for the Fed's stress tests 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Powell, Jerome Powell's hawkish, Wells, Morgan Stanley, Jim Cramer's, Jim Organizations: CNBC, Wall Street Journal, Nvidia, Devices, Club, AMD Locations: Portugal, China

☆ Warren Buffett's TikTok fans devour his advice about stocks, crypto, and simple living. Here are 7 Buffett quotes that are popular on the platform.
▼ + stars: | 2023-06-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett isn't a TikTok user, but his past comments are popular on the platform. I'm happy in a pair of khakis and a sweater so I don't need fancy clothes. "You don't need to be a genius in what I do. 90% of the people that buy stocks don't think of them in the right way. "The average person will not know enough to know which stocks to buy, they won't know enough to know when to buy it.

Persons: Warren Buffett, Berkshire Hathaway, Here's, Buffett, —, Alexander Graham Bell, I've, that's Organizations: Berkshire, Service Locations: United States, America

☆ Wagner mercenary chief says Russia's war in Ukraine based on lies
▼ + stars: | 2023-06-23 | by ( Andrew Osborn | ) www.reuters.com time to read: +4 min

"The war was needed ... so that Shoigu could become a marshal ... so that he could get a second 'Hero' [of Russia] medal. The war wasn't needed to demilitarise or denazify Ukraine." There was no immediate response from the Defence Ministry, which has ignored previous complaints from Prigozhin, in public at least. Putin has, however, backed a Defence Ministry order, which Prigozhin opposes, that mercenary groups like Wagner must sign contracts putting themselves under ministry control by July 1. Portraying the top brass as vodka- and cognac-swilling fools who lunch on caviar, he alleged the Russian war effort was being hobbled by corruption.

Persons: Putin, oligarchic, Yevgeny Prigozhin, Wagner, Sergei Shoigu, Valery Gerasimov, Prigozhin, PUTIN Wagner, Russia's, Vladimir Putin, Volodymr Zelenskiy, Andrew Osborn, Kevin Liffey Organizations: Defence Ministry, NATO, Kyiv, Thomson Locations: Ukraine, Russia, Ukraine's, Moscow, Ukrainian, Bakhmut, Prigozhin

☆ U.N. nuclear chief's visit to Zaporizhzhia nuclear plant delayed
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

KYIV, June 14 (Reuters) - A planned visit by U.N. nuclear chief Rafael Grossi to Ukraine's Russian-held Zaporizhzhia nuclear power plant has been delayed by "some hours", a diplomatic source said on Wednesday. Russian state-owned news agency RIA said the visit had been expected to take place on Wednesday but that it had been delayed by a day. Russian forces captured the hydroelectric dam and the nuclear plant in southern Ukraine shortly after their February 2022 invasion. The Zaporizhzhia nuclear plant uses a cooling pond to keep its six reactors from potentially disastrous overheating. Speaking to reporters in Kyiv, Grossi said there was no immediate danger but that it was a "serious situation".

Persons: Rafael Grossi, Grossi, RIA, Volodymyr Zelenskiy, Andrew Osborn, Timothy Organizations: International Atomic Energy Agency, IAEA, Reuters, Timothy Heritage, Thomson Locations: Kyiv, Ukraine

☆ Putin is scared of punishing Prigozhin in case the Wagner chief turns against him, says ex-Kremlin official
▼ + stars: | 2023-06-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Speculation is circulating about why Putin isn't punishing Wagner chief Yevgeny Prigozhin. Prigozhin is increasingly brazen in his criticism of Russian military leaders. Putin needs the support of nationalist hardliners like Prigozhin. The Wagner chief's attacks have prompted speculation he may even be planning a coup against Putin. In comments to The Washington Post, Abbas Gallyamov, a political analyst and former Kremlin speechwriter, said that Putin couldn't afford to alienate hardline nationalists such as Prigozhin.

Persons: Putin, Wagner, Yevgeny Prigozhin, Prigozhin, —, Vladimir Putin, who've, Abbas Gallyamov, Gallyamov, Putin hasn't Organizations: Service, Wagner Group, Kremlin, Washington Post, Reuters, Ukraine, Russian Interior Ministry Locations: Russian, Ukraine, Russia

☆ Top Indian wrestler accuses government of silence over sexual harassment probe
▼ + stars: | 2023-06-10 | by ( Rupam Jain | ) www.reuters.com time to read: +4 min

[1/7] Indian wrestler Vinesh Phogat poses for a picture, after an interview with Reuters, at her residence in Sonipat, northern state of Haryana, India, June 10, 2023. REUTERS/Anushree FadnavisSONIPAT, India, June 10 (Reuters) - An Olympic wrestler on Saturday criticised the pace of a police inquiry into sexual harassment accusations against the chief of India's national wrestling body. Phogat is one of seven female athletes to have lodged a police case against Singh accusing him of sexually harassing them. Singh, who is also a federal lawmaker from Modi's ruling party, has denied allegations of making sexual advances, groping and threatening female athletes if they refused to meet him alone. Delhi Police have filed two cases against Singh, including one under the Protection of Children from Sexual Offences Act.

Persons: Vinesh, Brij Bhushan Sharan Singh, Narendra Modi's, Singh, Phogat, Modi, It's, Anurag Thakur, Thakur, Amit Shah, Rupam Jain, Amlan Chakraborty, Mike Harrison Organizations: Reuters, REUTERS, Wrestling Federation of India, Delhi Police, Sexual, Commonwealth Games, Olympic, Thomson Locations: Sonipat, Haryana, India, SONIPAT

☆ BT CEO pay to be frozen until retirement - Sky News
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - BT Group's (BT.L) CEO Philip Jansen is to freeze his salary of 1.1 million pounds ($1.4 million) until he retires from Britain's largest telecoms group, Sky News reported on Wednesday. The BT Group chief's base pay will be maintained at the level it was set when he joined the company in 2019 and is expected to be published in the telecoms group's annual report due Thursday, according to Sky News. Jansen's annual salary had been fixed for five years upon assuming the role in 2019, which would have expired this year. His salary was to be renewed on a rolling basis until he eventually left the company, said a source to Sky News. BT Group did not immediately respond to a Reuters request for comment.

Persons: Philip Jansen, Patrick Drahi, Shreyaa Narayanan, Krishna Chandra Organizations: BT, Sky News, BT Group chief's, Franco, BT Group, Thomson Locations: Bengaluru

☆ Twitter CEO Linda Yaccarino due to start weeks earlier than expected, report says
▼ + stars: | 2023-06-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Elon Musk announced last month that Linda Yaccarino would take over as Twitter CEO. Another former NBCUniversal executive joined Twitter on Sunday. Linda Yaccarino, the incoming Twitter CEO, is due to start on Monday, according to The Information. Musk had said in December he would step down as Twitter CEO after users voted in a poll. The Information's report also came the same day that another former NBCUniversal executive joined Twitter.

Persons: Elon Musk, Linda Yaccarino, she's, Musk, he'd, NBCUniversal, Shiba, Yaccarino, Joe Benarroch, Twitter Organizations: Twitter, Elon, Comcast Locations: NBCUniversal, Cuban

☆ Haiti rights group decries 'inhumane' conditions in police jails
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

June 1 (Reuters) - Detainees in overcrowded cells in Haitian police stations are living in "inhumane, degrading conditions", a human rights group RNDDH said Thursday, with police relying on makeshift prisons amid insecurity and a crippled judicial system. Six police stations that the group RNDDH visited in Haiti's Ouest Department showed "very alarming" conditions, it said, urging immediate action from the judicial system, which has struggled for years and is facing strikes by staff calling for better work conditions. The rights group said many of the detainees in the Port-au Prince station had received no visits, reducing their access to food and water normally brought by relatives. Haiti has seen an escalation in violence by armed gangs, driving a humanitarian crisis that has displaced tens of thousands of people. Reporting by Sarah Morland in Mexico City and Harold Isaac in Port-au-Prince; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: RNDDH, Sarah Morland, Harold Isaac, Robert Birsel Organizations: Haiti's Ouest, Prince, United Nations, Thomson Locations: Haitian, Haiti's, Port, au Prince, Haiti, Mexico City

☆ FTC's Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition
▼ + stars: | 2023-05-31 | by ( Chelsey Cox | ) www.cnbc.com time to read: +10 min

As she made history in leading the agency, Khan's sprawling oversight plans and focus on fair competition in markets drew pushback from GOP leaders who denounced them as "politicized." The backlash to Khan's antitrust platform has come from across the Republican caucuses in Congress — even as many GOP lawmakers have backed antitrust policies or slammed Big Tech companies. watch nowKhan has defended her positions, telling CNBC on May 10 that the FTC enforces antitrust laws passed by Congress. Jordan and other GOP House members have criticized the plan as a "power grab." But an FTC spokesperson said Khan's agency has jurisdiction over all fees except banking and airlines.

Persons: Lina M, Khan, Graeme Jennings, Lina Khan, Pete Buttigieg's, Rohit Chopra, Christine Wilson, Noah Joshua Phillips, Joe Biden's, Matt Stoller, Stoller, Lina, Republican Sens, Chuck Grassley, Mike Lee, Ken Buck, Jim Jordan, Grassley, David Cicilline, Sen, Amy Klobuchar, Elon Musk, Musk, Jordan, Jon Schweppe, Jordan tweeting, they're, Mo Cayer, Khan . Jordan, noncompetes, Trump, Wilson, Leslie Overton, Harkrider, Biden Organizations: Commerce, Science, Capitol, AFP, Getty Images, Biden, Federal Trade, Southwest Airlines, Republicans, Consumer Financial Protection, FTC, Yale University Law School, Washington , D.C, New Yorker, Columbia Law School, American Economic Liberties, Big Tech, Republican, GOP, CNBC, Congress, Rhode Island's, Committee, Twitter, GOP House, Elon, The New York Times, Times, University of New, Democratic, Junk Locations: Washington , DC, London, Washington ,, New, Iowa, Utah, Colorado, Ohio, House, Minnesota, University of New Haven, Connecticut, Khan ., Axinn

☆ Elon Musk said home prices will crater - and it prompted a sharp rebuttal from the CEO of housing giant Redfin
▼ + stars: | 2023-05-31 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Elon Musk said this week that home prices will tumble soon, following those of commercial real estate. Redfin's CEO responded, saying the loss of demand for commercial real estate is driving up demand for residential real estate. However, Redfin CEO Glenn Kelman countered his take in a tweet of his own on Tuesday:"But the loss in demand for commercial real estate is what's driving demand for residential real estate. The remote-work boom and waning need for office space has led to many vacant commercial real estate buildings, which Musk's initially referred to. Zillow has said that home prices have already bottomed, while Moody's and Fannie Mae still expect prices to drop further.

Persons: Elon Musk, Glenn Kelman, —, Billionaire Elon Musk, Musk's, Kelman, Zillow, Fannie Mae Organizations: Service, Privacy, Billionaire, Federal

☆ Elon Musk denies taking financial advice from Jeffrey Epstein, following US Virgin Islands' decision to subpoena the Twitter chief
▼ + stars: | 2023-05-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Elon Musk has denied taking financial advice from Jeffrey Epstein. Elon Musk has denied taking financial advice from Jeffrey Epstein after he was subpoenaed in a lawsuit over JPMorgan's ties to the convicted sex offender. "The notion that I would need or listen to financial advice from a dumb crook is absurd," Musk tweeted. It makes Musk the latest high-profile person to be subpoenaed in a series of lawsuits revolving around JPMorgan's ties to Epstein. Earlier this month, it was reported that the US Virgin Islands couldn't find fellow Google cofounder Larry Page to serve him a subpoena.

☆ When Jamie Dimon speaks, Wall Street listens - and he just warned of catastrophe
▼ + stars: | 2023-05-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

But on Thursday, the man with the most gravitas on Wall Street shared his take on the potentially catastrophic scenario that's just weeks away. Everyone pays attention when Jamie Dimon speaks. In an interview with Bloomberg, Dimon said he's put together a "war room" at JPMorgan to plan for contingencies around a potential US default. While Dimon doesn't anticipate the country will actually see its first-ever default, he acknowledged the clock is running down. "Markets will get volatile, maybe the stock market will go down, the Treasury markets will have their own problems."

☆ How Sudan's paramilitary forces took parts of Khartoum, stormed army chief's quarters
▼ + stars: | 2023-05-10 | by ( Khalid Abdelaziz | ) www.reuters.com time to read: +6 min

[1/2] Satellite image shows burned and damaged General Command of the Sudanese Armed Forces headquarters building in Khartoum, Sudan April 16, 2023, in this handout image. More than 30 of his guards died in the ensuing battle, before the Rapid Support Forces (RSF) fighters retreated from the residence in the capital, said the bodyguard, who asked not to be named. "Why did the army let Hemedti become a parallel army and threatening the normal people. RSF fighters open mobile phones to look for army contacts, residents say. Reuters could not establish where Hemedti is currently operating from, or whether Burhan was still using army headquarters as his base of operations.

☆ Video shows Russian soldiers fleeing Bakhmut outskirts, handing 3 square miles back to Ukrainian forces, Ukraine says
▼ + stars: | 2023-05-10 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

A screenshot from aerial footage posted by Ukraine's 3rd Separate Assault Brigade on May 9, 2023. The Ukrainian brigade in question was formed out of Azov veterans. A screenshot from aerial footage posted by Ukraine's 3rd Separate Assault Brigade on May 9, 2023. A screenshot from aerial footage posted by Ukraine's 3rd Separate Assault Brigade on May 9, 2023. 3rd Separate Assault Brigade/TelegramDespite the claimed Ukrainian gains, earlier reports suggest that Russian troops still hold a significant portion of the city.

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