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☆ Fed's favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected
▼ + stars: | 2023-12-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank's goal. On a six-month basis, core PCE increased 1.9%, indicating that if current trends continue the Fed essentially has reached its goal. "The slowing in core inflation opens the door for fed funds rate cuts in 2024; the timing will depend on core PCE numbers over the next few months." Though policymakers watch both measures, they are more concerned with core prices as a longer-run inflation gauge. A 2.7% slide in energy prices and a 0.1% decrease in food helped hold back inflation for the month.

Persons: Dow Jones, Andrew Hunter, Gus Faucher Organizations: Federal Reserve, Commerce Department, Capital Economics, Markets, PNC Financial Services, Fed, PCE, Federal, CNBC PRO

☆ WHO board to hold emergency meeting on Gaza health situation
▼ + stars: | 2023-12-04 | by ( Emma Farge | ) www.reuters.com time to read: +3 min

Smoke rises above Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, as seen from southern Israel, December 4, 2023. "We want to empower the WHO and call for the Israeli side not to target the medical sector. We want to allow for fresh medical supplies," he told Reuters, adding that his diplomatic mission was drafting a motion to be reviewed by the board. Israel has accused Hamas of using ordinary Gazans as human shields by placing command centres and weapons inside hospitals and other civilian buildings. The WHO's governing board is made up of 34 members and typically meets every January to fix the agenda for its annual assembly.

Persons: Athit, Tedros Adhanom, Ibrahim Khraishi, Benjamin Netanyahu, Emma Farge, Matthias Williams, Alison Williams Organizations: Hamas, REUTERS, GENEVA, Health, West Bank, WHO, Qatari, Reuters, Thomson Locations: Gaza, Israel, Palestinian, Gaza Qatar, Geneva, United States, France, China, Japan

☆ At 99, the late Henry Kissinger still worked 15 hours a day and flew around the world on business trips
▼ + stars: | 2023-11-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Former Google CEO Eric Schmidt says Kissinger '"works harder than a 40-year-old." According to his son, Kissinger consumed "a diet heavy on bratwurst and Wiener schnitzel." The younger Kissinger said that his father didn't play any sports and pursued "a career of relentlessly stressful decision-making." He has an unquenchable curiosity that keeps him dynamically engaged with the world," the younger Kissinger wrote, noting his father's abiding interest in global challenges such as nuclear weapons and artificial intelligence. Although he has been caricatured as a cold realist, he is anything but dispassionate," Kissinger's son wrote in The Post.

Persons: Henry Kissinger, Eric Schmidt, Kissinger, —, Nixon, David, Wiener, didn't, Schmidt Organizations: CBS News, Service, Ford, Washington Post, Google Locations: Washington

☆ Meet Greg Abel, Warren Buffett's successor and heir apparent to Berkshire Hathaway
▼ + stars: | 2023-11-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Warren Buffett named Greg Abel, 61, as his successor at Berkshire Hathaway back in 2021. Abel started out as an accountant, before taking the reins as CEO of Berkshire Hathaway Energy. The Canadian businessman is currently chair of Berkshire Hathaway Energy and vice chair for non-insurance operations at Berkshire Hathaway. Abel took over the reins of MidAmerican in 2008, which was renamed Berkshire Hathaway Energy in 2014. Abel's tenure as Berkshire Hathaway Energy's CEO would last for two decades until he stepped down in 2018.

Persons: Warren Buffett, Greg Abel, Abel, Charlie Munger's, —, Berkshire Hathaway, Buffett, Greg who'd, CNBC's Becky Quick, Charlie Munger, Berkshire acolyte Abel, CalEnergy, Warren Buffett Abel, Greg, Munger, He's, Warren Organizations: Berkshire Hathaway, Berkshire Hathaway Energy, Service, Berkshire, CNBC, University of Alberta, mater's, PricewaterhouseCoopers, MidAmerican Energy, doer, Directors, Business Insider Locations: Berkshire, Canadian, MidAmerican, Munger

☆ Elon Musk's newest phase is cosplaying as a savior-statesman
▼ + stars: | 2023-11-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Elon Musk is cosplaying statesmanship. Elon Musk (L) meets with Israeli President Isaac Herzog (R) on November 27, 2023 in Jerusalem, Israel. Ironically, the Irish PM hates the Irish people — Elon Musk (@elonmusk) November 24, 2023As an approach to business development, none of this looks particularly sure-footed. — Elon Musk (@elonmusk) November 19, 2023Esther Solomon, editor-in-chief of Israeli newspaper Haaretz, labelled Musk a "blatant antisemite" and slammed Netanyahu for entertaining the tycoon. Blatant antisemite & publisher of antisemitism Elon Musk should be persona non grata in Israel.

Persons: Elon Musk, He's, —, Benjamin Netanyahu, Musk, Kfar, Isaac Herzog, Handout, Bibi, Shlomo Karhi, — Elon, Starlink, Drew Harris, Leo Varadkar, Esther Solomon, Netanyahu, Elon, zGc10w8Y9H, XMkitJclUt — Esther Solomon, @EstherSolomon Organizations: Service, Israeli, Kfar Aza, Gaza, Garda, PM, White, Haaretz Locations: Israel, Gaza, Jerusalem, Ukraine, Dublin, Ireland

☆ Almost half of US consumers bought something via social media this year, according to a new survey. Here are the big takeaways on who's buying what and where.
▼ + stars: | 2023-11-27 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

Almost half of American consumers have bought something on social media this year, a new survey has found, as tech companies push for people to buy and sell products on their platforms. The Influencer Marketing FactoryBeauty products and clothes are the most popular items bought on social mediaOver 25% of the respondents who did buy products on social media said they bought apparel on social media, while 19% purchased beauty products. Over a third of those who bought on social media spent more than $100A total of 35% of those who bought something said they'd spent more than $100. Almost 10% of those who bought something on social media did so weekly. This discovery aspect is a big focus for social platforms.

Persons: Bridget Dolan, Douyin, Patrick Nommensen, TikTok, they'd, Alessandro Bogliari, execs, Instagram Organizations: influencer, Influencer, Factory, Business, YouTube, Intelligence, Facebook Locations: Los Angeles, China

☆ Italy raises $1 bln as reduces Monte dei Paschi stake
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

NOVEMBER 2007 - MPS buys Antonveneta from Santander (SAN.MC) for 9 billion euros in cash, months after the Spanish bank paid 6.6 billion euros for it. JULY 2011 - MPS raises 2.15 billion euros in a rights issue ahead of European stress test results. JUNE 2014 - MPS raises 5 billion euros in a rights issue and repays the state 3.1 billion euros. JUNE 2015 - MPS raises 3 billion euros in cash after a 5.3 billion euro net loss for 2014 on record bad loan writedowns. It repays the remaining 1.1 billion euro state underwritten special bond.

Persons: Valentina Za, Keith Weir Organizations: MILAN, Monday, MPS, JPMorgan, Treasury, Bank of Italy, Antonveneta, Italy's, ECB, EU Commission, Thomson Locations: Italy, Siena, Santander, Europe

☆ US destroyer shoots down drone flying toward it in the Red Sea, defending itself in uneasy waters
▼ + stars: | 2023-11-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

A US Navy warship shot down a drone that was heading in its direction, US officials said Wednesday. The drone downed by USS Thomas Hudner, which was operating in the Red Sea, came from Yemen. In 2016, the militant group attempted — and ultimately failed — to hit the destroyer USS Mason with several missiles while the vessel was operating in the Red Sea. The Red Sea has been a hotspot for drone and missile interceptions since the start of the ongoing Israel-Hamas war that began following the latter's October 7 terror attacks. AdvertisementBeyond the Red Sea, Israel — and the US — are also dealing with other Iran-supported aggressions across the Middle East that have become more intense lately.

Persons: USS Thomas Hudner, —, Thomas Hudner, Arleigh Burke, Carney, Mason, Israel —, Sabrina Singh Organizations: US Navy, USS, Service, Pentagon, US Central Command, US Navy destroyer, US, Gaza Locations: Red, Yemen, Iran, Israel, Sea, Lebanon, Tehran, Iraq, Syria

☆ Morning Bid: UK inflation to test market's upbeat mood
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +3 min

Ten-year and two-year Treasury yields dropped 20 basis points and the dollar marked its steepest selloff in a year, highlighting how much markets' expectations - and cash - were riding on the data. A pivot from hikes to cuts is now priced for May in the interest rate futures markets, with a 30% chance it happens as soon as March. Expectations are for a big shift down for October, mainly due to falling energy prices, with annual headline inflation seen slipping below 5% for the first time since 2021. Chipmaker Infineon (IFXGn.DE) and troubled energy company Siemens Energy (ENR1n.DE) post earnings on Wednesday, although the latter's numbers are likely to be overshadowed by Tuesday's promise of an $8 billion government backstop from Germany. A drop is forecast, while a strong reading could dampen the exuberance over rate cut expectations.

Persons: Kevin Coombs, Tom Westbrook, Sterling, Al, Xi Jinping, Joe Biden, Tuesday's, Biden, Tom Wesbtrook, Edmund Klamann Organizations: REUTERS, U.S, CPI, Infineon, Siemens Energy, Alstom, Target, San Francisco Bay Area, Thomson Locations: London, Britain, East, Israel, Gaza, Al Jazeera, United States, China, Singapore, Germany, San Francisco Bay

Whatever is driving it, the sheer size of the record short positions and the pace at which they are growing suggest the reversal, when it comes, could be powerful. Leveraged funds - those more likely to be active in the basis trade - grew their net short position by 149,000 contracts to 2.08 million, a new record. Reuters Image Acquire Licensing RightsIn the two-year space, non-commercial accounts grew their net short position slightly to a new record 1.454 million contracts, and leveraged funds' net short position rose substantially to 1.716 million contracts, also a new record. A short position is essentially a bet that an asset's price will fall, and a long position is a bet that it will rise. Reuters Image Acquire Licensing RightsIf softer inflation and a more dovish U.S. central bank keep yields under downward pressure, funds' short Treasuries position is likely to come under increasing pressure too.

Persons: Dado Ruvic, Jamie McGeever, Paul Simao Organizations: REUTERS, Rights, Federal Reserve, Futures Trading Commission, Reuters, Bank of America, UST, Thomson Locations: Rights ORLANDO , Florida, U.S

☆ Liverpool's Diaz meets father first time since latter's kidnapping
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

[1/4] Luis Manuel Diaz, father of Liverpool player Luis Diaz, arrives to attend a thanksgiving mass at Santa Marta church, after he was freed by Colombia's National Liberation Army (ELN), in Barrancas, Colombia November 12, 2023. NO ARCHIVES Acquire Licensing RightsNov 14 (Reuters) - Liverpool and Colombia winger Luis Diaz has reunited with his father for the first time since the latter's kidnapping ordeal, the Colombian football federation said on Tuesday. Luis Manuel Diaz, 58, was released on Thursday by the leftist National Liberation Army (ELN) 12 days after he was taken hostage on Oct. 28 in Barrancas, a rural municipality where he lives in the northern province of La Guajira. The Colombian FA shared pictures of the father and son's emotional reunion on X, formerly known as Twitter, with the caption "we are family." Diaz's father has said he would remain in Colombia despite his difficult kidnapping experience.

Persons: Luis Manuel Diaz, Liverpool, Luis Diaz, Chiranjit, Christian Radnedge Organizations: Colombia's National Liberation Army, REUTERS, Colombian, National Liberation Army, Liverpool, Sunday's Premier League, Brentford, Brazil, Colombian FA, Thomson Locations: Santa Marta, Barrancas, Colombia, Liverpool, La Guajira, Bengaluru

☆ Crashed, harassed, and shot down: It's been a rough year for the MQ-9 Reaper, America's workhorse combat drone
▼ + stars: | 2023-11-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

It's been a tough year for US military's MQ-9 Reaper workhorse combat and surveillance drone. The aircraft has been crashed into, harassed, and shot down by US adversaries around the world. AdvertisementAdvertisementIt's been an annoying year for the US military's go-to drone for combat and reconnaissance: the MQ-9 Reaper. Over the course of the year, America's adversaries have run into and crashed, harassed, and now — as of this week — shot down the aircraft. An MQ-9 Reaper drone at the Japan Maritime Self-Defense Force's Kanoya Air Base on November 5, 2022.

Persons: It's, —, Christopher Broome, Alex Grynkewich Organizations: Service, US, US Air Force, Islamic, Japan, Self, Kanoya, Base, Staff, ISIS, US Air Forces Central Command, US Central Command, Airmen, Squadron, Nevada, Air, Bomb, Victoria, US Navy, Hamas, Pentagon Locations: Europe, Russian, Washington, Moscow, Ukraine, Syria, Islamic State, Russia, Yemen, Iran, Israel, Gaza

☆ Air freight demand has cooled so much, FedEx is telling its pilots to fly for American Airlines instead
▼ + stars: | 2023-11-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

FedEx is encouraging its pilots to apply for a job with PSA Airlines, a unit of American Airlines. The move came on the back of a decline in air cargo demand. FedEx employs around 5,800 pilots globally, while PSA Airlines has about 1,900 pilots. Interested FedEx pilots are eligible for an expedited interview process for a captain's position with PSA Airlines, according to the latter's online recruitment page. PSA Airlines is also offering FedEx pilots $250,000 in sign-on bonuses.

Persons: —, Pat DiMento, FreightWaves Organizations: FedEx, PSA Airlines, American Airlines, Service

☆ Billionaire investor Marc Rowan accused of using Wall Street tactics to 'strong-arm' UPenn into leadership change amid antisemitism row
▼ + stars: | 2023-11-04 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Apollo CEO Marc Rowan halted his donations to UPenn over its response to Hamas' attacks on Israel. A Penn trustee accused Rowan of using aggressive Wall Street tactics to pressure the college. AdvertisementAdvertisementThe billionaire Marc Rowan was accused by a University of Pennsylvania trustee of using aggressive Wall Street tactics to put pressure on the college over its handling of campus antisemitism. Rowan has contacted "half of Wall Street" to discuss ways major donors can utilize their influence to try and bring about leadership changes at top schools, CNBC reported. Andy Rachleff, a trustee at Penn, told The Wall Street Journal that he saw Rowan's outspoken efforts as an attempt "to strong-arm the university using the classic Apollo playbook."

Persons: Marc Rowan, Penn, Rowan, —, Elizabeth Magill, Magill, Carolyn, Andy Rachleff, Bill Ackman Organizations: Ivy League, Service, University of Pennsylvania, Street Journal, Penn, CNBC, Wharton School's, Advisors, Wall Street Journal, Harvard, Pershing, Capital Management, Cornell Locations: Israel, UPenn, Penn, Gaza, Hamas

☆ The CEO of 1-800-Flowers says he got the best business advice from JPMorgan's Jamie Dimon
▼ + stars: | 2023-10-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

1-800-Flowers CEO and cofounder Jim McCann says he got the best piece of business advice from JPMorgan's Jamie Dimon. AdvertisementAdvertisementThe boss of flower and gifts company 1-800-Flowers said JPMorgan's Jamie Dimon gave him the best business advice — that he didn't need his employees' buy-in while making decisions. "Jim, you spend way too much of your time evangelizing," Dimon told McCann, per the latter's retelling. They don't all need to get it," Dimon told McCann. Dimon told McCann his team only needed to have faith that McCann understood the value of his product.

Persons: Jim McCann, Jamie Dimon, Dimon, McCann, —, Flowers, JPMorgan's Jamie Dimon, Fortune's Ruth Umoh, Jim, Chris McCann, Jim's, McCann's, David Organizations: Service, CBS, Factory Locations: New York, York, Queens

☆ US Navy destroyer shoots down rebel missiles as Iran-backed militants stir up trouble and American forces come under fire
▼ + stars: | 2023-10-19 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

A US Navy ship shot down missiles and drones launched by Iran-backed rebels on Thursday. AdvertisementAdvertisementA US Navy ship shot down several missiles and drones launched by an Iran-backed militant group on Thursday. AdvertisementAdvertisementEarly Wednesday morning local time, the al-Tanf garrison — a military base in southern Syria — was targeted by two drones, Ryder said. US and coalition troops destroyed one of the drones, while the other "impacted" the base and caused minor injuries to coalition forces. One of the incidents resulted in minor injuries to coalition forces.

Persons: —, Carney, Arleigh Burke, Pat Ryder, Syria —, Ryder, Israel Organizations: US Navy, American, Service, Pentagon Press, Air Force, Washington, United Nations Security, Command, Islamic, United, —, UN, US, Hamas Locations: Iran, Iraq, Syria, Israel, Yemen, Tehran, Saudi, harm's, Gaza, United Nations, Israeli

☆ Businessman Noboa to face economic, security hurdles as Ecuador president
▼ + stars: | 2023-10-16 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

"We do not anticipate the Noboa administration will be in the position to carry out deep structural reforms." Noboa is set to take office in December and complete the current administration's term through May 2025. Noboa will need to ensure some quick security wins during his first 90 days in office to appease social and political pressures, JPMorgan added. Noboa, Ecuador's youngest president in recent history, would be able to run again in the regularly scheduled 2025 contest. Noboa made a special point to woo young people, with some supporters touting his victory as a fresh start for the country's politics.

Persons: Daniel Noboa, Noboa, Luisa Gonzalez, Rafael Correa, Ecuadorean, Goldman Sachs, Fernando Villavicencio, Alvaro, Guillermo Lasso, Lasso, Alexandra Valencia, Rodrigo Campos, Julia Symmes Cobb, Gerry Doyle, Jonathan Oatis Organizations: Wall Street, JPMorgan, El, National Democratic Action, Thomson Locations: QUITO, American, Ecuador, Quito, Ecuador's

QUITO/GUAYAQUIL, Oct 15 (Reuters) - Business heir Daniel Noboa on Sunday won Ecuador's presidential election, vowing to rebuild the South American country, which is struggling with a weak economy and rising crime and violence. "From tomorrow Daniel Noboa starts work as your new president," he added. "Daniel Noboa, our profound congratulations, because this is democracy," Gonzalez told supporters in Quito, calling on Noboa to fulfill his promises to students and the elderly. [1/16]Ecuadorian presidential candidate Daniel Noboa and his wife Lavinia Valbonesi celebrate his win in the presidential election, in Santa Elena, Ecuador. Analysts have said a Noboa victory initially could be perceived as positive by investors, but longer-term outlook will depend on his cabinet appointments.

Persons: Daniel Noboa, Noboa, Fernando Villavicencio, Alvaro, Luisa Gonzalez, Gonzalez, Rafael Correa, Lavinia Valbonesi, Santiago Arcos, Eduardo Chavez, Diana Atamaint, Correa, Guillermo Lasso, Alexandra Valencia, Yury Garcia, Tito Correa, Rodrigo Campos, Julia Symmes Cobb, Diane Craft, Bill Berkrot, Deepa Babington, Gerry Doyle Organizations: Sunday, Ecuadorian, Santiago, National Democratic, Thomson Locations: QUITO, GUAYAQUIL, American, Ecuador, Olon, Quito, Santa Elena, Guayaquil, Sucumbios, Nicaragua, Russia, Belarus, Israel, Canuto, New York

☆ Ecuador Banana Heir Daniel Noboa Hopes to Fulfill Father's Presidential Dreams
▼ + stars: | 2023-10-12 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +3 min

Gonzalez won an August first round with 34%, while Noboa came a surprising second with 23%. Noboa has also promised job creation, particularly for young people, and spent significant time campaigning at universities. He would boost employment through investment in strategic sectors and vocational training for job hunters, Noboa has pledged. Noboa resigned from a management position at his family's corporation to enter politics, winning a legislature seat in 2021. Noboa, a married father of two, frequently appears in videos on social media dancing and singing or DJ-ing music at his political rallies.

Persons: Alexandra Valencia, Daniel Noboa, Alvaro Noboa's, Luisa Gonzalez, Rafael Correa, Gonzalez, Noboa, Fernando Villavicencio, Guillermo Lasso, Janeth Tayo, Oliver Griffin, Rosalba O'Brien Organizations: Alexandra Valencia QUITO Locations: Ecuador, Guayaquil, Sangolqui, Quito

☆ Gigi Hadid condemns 'terrorizing of innocent people' in Instagram post following Hamas attacks on Israel
▼ + stars: | 2023-10-11 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Gigi Hadid condemned the "terrorizing of innocent people" following Hamas' attacks on Israel. AdvertisementAdvertisementModel Gigi Hadid spoke out to condemn the "terrorizing of innocent people" following Hamas' massive attacks on Israel and the latter's declaration of war over the weekend. "While I have hopes and dreams for Palestinians, none of them include the harm of a Jewish person," she wrote in a lengthy Instagram post on Tuesday. AdvertisementAdvertisementBoth Gigi Hadid and her sister, model Bella Hadid, have made posts supporting the cause of Palestinian liberation in the past. Gigi Hadid's Instagram post also said: "The terrorizing of innocent people is not in alignment with & does not do any good for the 'Free Palestine' movement."

Persons: Gigi Hadid, —, Bella Hadid, Mohamed Hadid, Mondoweiss, Mohamed Hadid reshared, Isobel van Hagen, Gigi Hadid's Instagram Organizations: Service, CBS News Locations: Israel, Palestinian, American

☆ Mike Lindell is royally screwed
▼ + stars: | 2023-10-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Lindell told Politico that he hasn't been able to pay his lawyers at all for the past two months. "I don't know where I go from here," Lindell told Politico. AdvertisementAdvertisementThe embattled MyPillow CEO Mike Lindell has had a no-good, very bad week, and things just got a lot worse for him. Lindell told Bannon that the audits concerned commissions that some employees earned while working remotely during the COVID-19 pandemic. "People are going to be afraid to be lawyers," Lindell said.

Persons: Mike Lindell's, Lindell, hasn't, —, Mike Lindell, Parker Daniels, Lewin, they're, Andrew Parker, Parker Daniels Kibort, Parker, haven't, there's, Donald Trump's, Steve Bannon's, Bannon, MyPillow, I've Organizations: Politico, Service, Voting Systems, Smarmatic, Lewin, Lewin LLP, Lindell, American Express, MyPillow, Walmart, Costco, Bed, QVC, JCPenney Locations: Minnesota, Washington

☆ Former BP boss Bob Dudley says Looney’s shock exit ‘came out of nowhere’
▼ + stars: | 2023-10-03 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Arun Sankar | Afp | Getty ImagesFormer BP CEO Bob Dudley on Tuesday said that Bernard Looney's abrupt resignation last month came as a shock and denied any prior knowledge of the latter's past personal relationships with colleagues. Looney succeeded Dudley, who stood down as BP CEO in 2020. He informed the company that he was not "fully transparent in his previous disclosures" about relationships with colleagues before becoming CEO, BP said. "Things at BP are OK. We move forward as you would expect, despite the change that happens," interim BP CEO Murray Auchincloss said Monday during a CNBC-moderated ADIPEC panel session. Dudley — who now chairs the Oil and Gas Climate Initiative, an organization backed by BP, Saudi Aramco, Exxon Mobil and other Big Oil firms — echoed Auchincloss' view.

Persons: Bernard Looney, Arun Sankar, Bob Dudley, Bernard Looney's, Dudley, Looney, Murray Auchincloss, Auchincloss, It's, Dudley — Organizations: Afp, Getty, BP, Financial Times, CNBC, Abu Dhabi International Progressive Energy Congress, BP Plc, Abu, Abu Dhabi International Petroleum Exhibition, United, Bloomberg, Climate Initiative, Exxon Mobil, Big Oil Locations: New Delhi, Abu Dhabi, United Arab Emirates, Saudi Aramco

☆ Mike Lindell says MyPillow's now facing multiple IRS audits
▼ + stars: | 2023-10-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Mike Lindell said MyPillow is facing multiple IRS audits. Lindell claimed on the "War Room" podcast that the audits concerned call center staff. AdvertisementAdvertisementMyPillow CEO Mike Lindell says his pillow company is now facing five audits from the IRS. "This is something that hasn't happened in 15 years, and all of a sudden there's 5 IRS audits against MyPillow in three different years," Lindell told Bannon. Last month, Lindell claimed that MyPillow was financially crippled after American Express slashed its credit line.

Persons: Mike Lindell, MyPillow, Lindell, —, Steve Bannon, Steve, Bannon, they're, Donald Trump's Organizations: Service, IRS, MyPillow, Trump, American Express, Lindell, Voting Systems Locations: California, MyPillow, Smartmatic

☆ Tom Brady 'adored' Sam Bankman-Fried despite them being the 'class nerd and the quarterback,' says author Michael Lewis
▼ + stars: | 2023-10-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Tom Brady and Sam Bankman-Fried got along despite being polar opposites, says Michael Lewis. Lewis told "60 Minutes" that the pair were like "like the class nerd and the quarterback." AdvertisementAdvertisementFormer NFL quarterback Tom Brady "adored" Sam Bankman-Fried despite the two being polar opposites, says the author of an upcoming book on FTX. "And he really liked Tom Brady. "Like, even the nerds don't hang out with this nerd, he's such a nerd," Lewis said.

Persons: Tom Brady, Sam Bankman, Fried, Michael Lewis, Lewis, Brady, —, Jon Wertheim, Sam wasn't, he's, FTX Organizations: Service, Bankman, CBS, Forbes Locations: FTX, Alameda

The badly decomposed body of Abdul-Ghani Wahhaj was eventually found in an underground tunnel at the compound. She said her husband and his sister traveled abroad to learn more about alternative healing based on the Quran. After she demanded a divorce, Ramzi said that Siraj Ibn Wahhaj took their son to a park and never returned. Morton and Siraj Ibn Wahhaj were also charged with conspiracy to kill U.S. government personnel. Leveille was initially charged with kidnapping and terrorism-related charges but she has agreed to accept a reduced sentence on weapons charges.

Persons: Abdul, Ghani Wahhaj, Hakima Ramzi, Siraj Ibn Wahhaj, “, ”, Ramzi, Jesus Christ, Hujrah, Subhanah, Lucas Morton, Morton, Prosecutors, Jany Leveille, Ghani, foamed, Leveille, Subhanah Wahhaj, Donald Kochersberger, Siraj Wahhaj, Wahhaj, “ We're Organizations: —, Authorities, Trade Center Locations: ALBUQUERQUE, N.M, Georgia, New Mexico, Colorado, Morocco, United States, Haitian, New York City

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