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☆ MIND diet slows cognitive decline, especially in women and Black people
▼ + stars: | 2024-09-18 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

CNN —Following the MIND diet for 10 years produced a small but significant decrease in the risk of developing thinking, concentration and memory problems, a new study found. The MIND diet was specifically designed to combat cognitive decline, said lead study author Dr. Russell Sawyer, an assistant professor of clinical neurology and rehabilitation medicine at the University of Cincinnati Gardner Neuroscience Institute. People who followed the MIND diet more closely were 4% less likely to develop memory and thinking problems than those who did not adhere to the diet, the study found. “The benefits of the MIND diet may have a differential impact in women and Blacks and this is an area for future research.”Leafy green vegetables, berries, whole grains, seeds, and a bit of fish and poultry are staples of the MIND diet. jenifoto/iStockphoto/Getty ImagesMore research neededA 2023 randomized controlled clinical trial found the MIND diet no better than the control diet in reducing signs of cognitive decline in the brain.

Persons: Russell Sawyer, ” Sawyer, Sawyer, ”, David Katz, ” Katz Organizations: CNN, University of Cincinnati Gardner Neuroscience Institute, “, True Health Initiative, American Academy of Neurology, National Institutes of Health, Southern, Blacks

☆ Haitians in Ohio find solidarity at church after chaotic week of false pet-eating claims
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +7 min

SPRINGFIELD, Ohio — For many Haitian immigrants, Sunday mornings in Springfield, Ohio, are spent joyfully worshipping God as they sing and pray in their native Creole. Carl Ruby, preaching at Central Christian Church. He invited community members to join his congregation in prayer and peaceful protest of the false rumors leveled against their Haitian neighbors. Central Christian Church congregants stand to applaud members of the Haitian community during a service in Springfield, Ohio, on Sunday. “I was praying for peace and protection — for the Haitian community and all of Springfield,” she said.

Persons: —, Donald Trump, JD Vance, Jesus, ”, Carl Ruby, ” Ruby, “, Bernardette Dor, Mia Perez, Luis Andres Henao, Dorsainvil, Christian, “ I’m, Vance, Kamala Harris, Mike DeWine, ” DeWine, Harris, Ruby, Jessie Wardarski, ” Perez, “ She’s, Perez, Perez —, ” Bernardette Dor, Rose, Jacob Payen, “ We’ve, Thamar Joseph Organizations: Central Christian Church, Springfield, Raphael Catholic, Haitian, Central Christian, Trump, Tuesday’s, U.S, Ohio Gov, Republican, CBS, DMV, Saint, Saint Raphael’s Catholic, Haitian Community Center Locations: SPRINGFIELD , Ohio, Springfield , Ohio, Springfield, St, Ohio, U.S, Mexico, Haitian, Saint Raphael’s, America

☆ Crypto spending on 2024 election hits $190 million, led by Winklevoss twins
▼ + stars: | 2024-09-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

The Winklevoss twins, Coinbase and Ripple didn't immediately respond to requests for comment. Huge jump from 2020Delmore, who has been assembling reports on crypto donations in the 2024 election for blockchain analytics platform Breadcrumbs, told CNBC that industry spending is nearly double where it was in the mid-terms — more than $190 million in the 2024 election versus $98 million in the 2022 election. It's nearly 13 times spending in 2020 of $15 million — a figure based on a mix of data from FEC and OpenSecrets filings. Unlike the past two election cycles, which featured spending from the now-bankrupt crypto exchange FTX and founder Sam Bankman-Fried, this year's contributor list is more robust and diverse. "Most of the crypto donations in 2022 were from FTX and SBF and almost all of them went to Democrats or PACs that support Democrats," Delmore said.

Persons: Tyler Winklevoss, Cameron Winklevoss, Joe Raedle, Cameron, James Delmore, Donald Trump, Chris Larsen, Brad Garlinghouse, Ro Khanna, John Deaton, Democratic Sen, Elizabeth Warren, Stuart Alderoty, Alderoty, Ripple, David Sacks, Trump, Gary Gensler, Gensler, Harris, Biden, Delmore, It's, Sam Bankman, Fried, Andreessen Horowitz, Coinbase, Coinbase's Organizations: Gemini, Mana Convention, Getty, CNBC, Trump, Republican, Trump America PAC, Fairshake PAC, Labs, Democratic, SEC, San, FEC, Citizen, Fairshake, Bloomberg, Crypto Alliance, DC Locations: Wynwood, Miami , Florida, bitcoin, Massachusetts, San Francisco, FTX

☆ Where Are the Squat Racks? Gyms Are Rushing to Remodel for Strength-Training
▼ + stars: | 2024-09-14 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +14 min

Related storiesThe boom of strength training in 2020Australian personal trainer Kayla Itsines developed the uber popular "Sweat with Kayla" app. "The 20-somethings, the 40-somethings, the 60-somethings will all be gravitating towards strength training, just because of the benefits it provides." They're branding themselves as more of a high-intensity training equipment provider than just a stair-climbing apparatus provider these days. Strength training is ideal for extending your "play span," your ability to keep doing what you love as you age. "What strength training really affords people is to make age just feel like a number," he said.

Persons: you'll, Mauro Maietta, that's, Kenneth Cooper, Arnold Schwarzeneggers, it's, Richard Simmons, Evan Hurd, Pete McCall, Kayla Itsines, Kayla, Kira Stokes, Kaisa Keranen, they'd, Pamela Kufahl, Kufahl, Gen Z, there's, —, they're, you've, Antonio Villalba, McCall, Clive Brunskill, Chris Travis, Jim Rowley, MoMo, JDI, Priscilla Del Moral, JDI's, Miriam Fried, MF, she's, Del, Natalia Mehlman Petrzela Organizations: Venture, Business, Sports, Fitness Industry Association, Crunch Fitness, Kids, Health & Fitness Association, Amazon, Health, Fitness, Getty, Seattle, New, Crunch, Athletech News, New School, Brands, Core Health Locations: Manhattan, L.A, Barre, Orange, New York City, New York

☆ How a Gen Z immigrant went from paycheck to paycheck to financial independence by turning her shoe collection hobby into a 7-figure business
▼ + stars: | 2024-09-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

So you would find these really, really high-end sneakers — like, $1,000 sneakers — on there for $150." Related stories"We started selling five or 10 sneakers a day, and then I just started doing basic math," said Zapata. She shadowed a friend who was also starting to do live Whatnot shows. Courtesy of Val ZapataThe majority of her sales now come from live Whatnot shows. After just one month on Whatnot, Zapata says she did enough in sales to quit her insurance job in September 2022.

Persons: —, Val Zapata, Zapata, couldn't, Val Zapata Zapata, didn't, We've, we're gunning Organizations: Service, Business, Facebook, YouTube, Twitter, eBay, BI Locations: Houston, Texas, Colombia, New York, Nevada, Las Vegas, Vegas

☆ FTX founder Sam Bankman-Fried appeals fraud conviction
▼ + stars: | 2024-09-13 | by ( Mackenzie Sigalos | ) 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 EmailFTX founder Sam Bankman-Fried appeals fraud convictionCNBC's MacKenzie Sigalos joins 'Closing Bell' to report on FTX founder Sam Bankman-Fried appealing his fraud conviction.

Persons: Sam Bankman, Fried, CNBC's MacKenzie Sigalos

☆ Sam Bankman-Fried files appeal nearly a year after FTX fraud conviction
▼ + stars: | 2024-09-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Lawyers for Sam Bankman-Fried, the convicted former CEO of crypto exchange FTX, filed an appeal Friday, claiming he was denied a fair trial last fall and seeking new proceedings under a different judge. Bankman-Fried, 32, was sentenced to 25 years in prison after a jury convicted him on multiple federal counts of fraud and conspiracy in November. Two years after FTX collapsed in the midst of a cash crunch, Bankman-Fried is arguing that he didn’t get a fair shake in his trial. The court, they say, prohibited Bankman-Fried from introducing evidence of solvency for FTX and its sister firm, Alameda. Ellison pleaded guilty in cooperation with the government and became a star witness against Bankman-Fried during his trial.

Persons: Sam Bankman, FTX, Fried, Lewis Kaplan, ”, Caroline Ellison, Ellison Organizations: New, New York CNN, ”, Bankman Locations: New York, Bankman, Alameda

But for the first time in recent political memory, the 2024 presidential race has left Florida as a comparative afterthought. It used to be …presidential elections, we would be on a razor’s edge about the state of Florida,” Gov. “With the work we have been doing and the grassroots momentum, Florida is competitive in 2024,” Florida Democratic Party Communications Director Eden Giagnorio said. They use Nikki Fried’s make-believe volunteer numbers," he said, referring to the Florida Democratic Party chairwoman. Last week, Harris campaign allies also started it “Fighting for Reproductive Freedom” bus tour in Florida, a starting line Democrats hyped as a sign of national relevance.

Persons: Ron DeSantis, Joe Biden’s, Donald Trump, ”, Eden Giagnorio, Paul Hennessy, Trump, Harris, Evan Power, Nikki Fried’s, Danielle Alvarez, “, Matt Dixon, “ It’s, Kamala Harris, Steve Schale, ” Schale, ” Harris, Biden, Doug Emhoff Organizations: ”, Republican, Electoral, Democrats, Florida, Democratic, Cook, Florida Democratic Party, ” Florida Democratic Party Communications, Florida’s, Republican Party of Florida, Florida Democratic, “ Trump, NBC, Trump, Veteran Florida Democratic Locations: TALLAHASSEE, Fla, Florida, South Florida, ” Florida, Ron DeSantis , Florida, Orlando, Jacksonville

☆ Former FTX exec Ryan Salame returns to court after waffling on guilty plea
▼ + stars: | 2024-09-12 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after sentencing in New York City, U.S., May 28, 2024. Former FTX executive Ryan Salame is back in court on Thursday, as Judge Lewis Kaplan looks for answers about the back-room dealings that led to Salame's criminal plea deal, which resulted in a 7.5-year prison sentence. Bond, who was previously a lawyer with the SEC, was indicted in August on campaign finance charges tied to her unsuccessful run for Congress in 2022. The four-count indictment against Bond was unsealed a day after Salame, the father of their nine-month-old child, asked Kaplan to void his plea. But Salame quickly reversed course, submitting a motion to the court within days to withdraw the petition to vacate his guilty verdict.

Persons: Ryan Salame, Lewis Kaplan, Sam Bankman, Kaplan, Salame, Michelle Bond, Bond, Fried Organizations: FTX, Salame, Manhattan U.S, Attorney's, SEC, Prosecutors Locations: New York City, U.S, Salame's

☆ Judge considers revoking guilty plea of FTX executive Ryan Salame, accusing him of lying under oath
▼ + stars: | 2024-09-12 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

US District Judge Lewis Kaplan scheduled the hearing after Ryan Salame, a former executive of Alameda Research and FTX Digital Markets, tried to withdraw his guilty plea. Salame said prosecutors broke a promise to him by later indicting his romantic partner, Michelle Bond — a claim that prosecutors vigorously disputed. Instead, Kaplan grilled Salame under oath for over 30 minutes in his Manhattan courtroom Thursday morning, accusing him of misrepresenting the plea negotiations. That left Kaplan in a bind: Either Salame lied in his plea hearing, throwing the plea into doubt. Bond would not be pursued if I plead guilty," Salame said.

Persons: —, who's, Lewis Kaplan, Ryan Salame, Salame, Michelle Bond, Kaplan, Sam Bankman, Salame didn't, Bond, FTX, Mary Altaffer, wasn't, Danielle Sassoon, Christopher Bartolomucci, he'll, Salame's Organizations: Service, Alameda Research, FTX, Markets, Business, Prosecutors, AP, US, Office, Southern, of Locations: Manhattan, Alameda, of New York

☆ McDonald’s $5 value meal is sticking around until December
▼ + stars: | 2024-09-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —The McDonald’s $5 meal deal is staying on menus until December, a sign that inflation-weary customers are devouring value meals recently offered by fast food chains. The Chicago-based fast-food giant announced the $5 meal deal in June. In July, McDonald’s said that the vast majority of restaurants would keep it on the menu until August. The meal features either a McChicken sandwich or McDouble cheeseburger, small fries, 4-piece Chicken McNuggets and a small soft drink. McDonald’s also announced a slew of fall deals — from $0.50 Double Cheeseburgers for National Cheeseburger Day on Sept. 18 to a $2 McCrispy sandwich for National Fried Chicken Sandwich Day on Nov. 9.

Persons: McDonald’s, Chris Kempczinski, Burger, we’re, ” Joe Erlinger Organizations: New, New York CNN, McDonald’s USA Locations: New York, Chicago

☆ Fear and frustration in Ohio city as political debate seizes on growing Haitian population
▼ + stars: | 2024-09-12 | by ( Caitlin Stephen Hu | Omar Jimenez | ) edition.cnn.com time to read: +9 min

“I’m always working at the restaurant,” she told CNN. A: YES, Haitian immigrants are here legally, under the Immigration Parole Program. Later, taking stock of his new life and the politicization of Springfield’s Haitian community, Dorsainvil shrugged, seeing little choice in the matter. Several other people in Springfield told CNN they were dismayed by the rhetoric and racism that they felt had been stirred up in the city for political purposes. However, they are not allowed, nor have they ever been allowed, to mention Aiden Clark from Springfield, Ohio,” the father, Nathan Clark, said.

Persons: CNN — Rose, Rosena Jean Louis, “ I’m, “, ’ ”, Romane Pierre, Donald Trump, Sen, JD Vance, Mike DeWine, ” DeWine, Vance, Sherrod Brown of, Tim Scott of, Bryan Heck, she’s, Biden, Vilbrun, ”, Dorsainvil, Republicans don’t, Amy Cox, X, ” Clark’s, Aiden Clark, Nathan Clark, We’ve, Viles, ” “ Organizations: CNN, Local, Republican, Gov, CBS, “, of Homeland Security, TPS, Sens, Trump, Amazon, Republicans, ”, Haitian Locations: Springfield , Ohio, Springfield, Rue, Canton , Ohio, Springfield’s, Clark County, Haiti, Sherrod Brown of Ohio, Tim Scott of South Carolina, Caribbean, Dayton, Ohio . Ohio, Haitian

☆ Caroline Ellison seeks to duck prison sentence for role in FTX collapse
▼ + stars: | 2024-09-11 | by ( Mackenzie Sigalos | Mackenzie Sigalos Is A Technology Reporter For Cnbc With A Focus On Cryptocurrency | ) www.nbcnews.com time to read: +4 min

Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion of the crypto empire that was run by her former boss and ex-boyfriend. Judge Lewis Kaplan, who presided over Bankman-Fried’s case, cited Ellison’s testimony when he decided in March to sentence the FTX founder to 25 years behind bars. Ellison, who ran Alameda Research, agreed to a plea deal in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried forced Ellison into a sort-of isolation, culminating in her moral compass being “warped,” the lawyers say. Her former roommates and ex-FTX executives, Nishad Singh and Gary Wang, will be sentenced in October and November, respectively.

Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis Kaplan, FTX spiraled, “ Caroline, John Ray, “, Fried, disentangling, ”, ” She’s, that’s, ” Ellison, Nishad Singh, Gary Wang, — CNBC’s Dan Mangan Organizations: U.S, Alameda Research, court’s, Department, ”, Bankman Locations: FTX’s Bahamas, Alameda, Boston, Hong Kong, Bahamas, Bankman

☆ Lawyers for Caroline Ellison, Sam Bankman-Fried's ex, want zero prison time for her
▼ + stars: | 2024-09-11 | by ( Kwan Wei Kevin Tan | Jacob Shamsian | ) www.businessinsider.com time to read: +1 min

Caroline Ellison was Sam Bankman-Fried's girlfriend and the CEO of Alameda Research. Go to newsletter preferences Thanks for signing up! AdvertisementLawyers for Caroline Ellison, Sam Bankman-Fried's ex-girlfriend and the CEO of his trading firm Alameda Research, argue that the 29-year-old shouldn't be sent to prison. "Caroline Ellison is a young person of enormous talent and promise, with a deep commitment to helping others," Ellison's lawyers wrote in a sentencing memorandum filed on Tuesday. Ellison, her lawyers said, has "focused on rebuilding her life and resolving the civil cases and other consequences arising from her acts at Alameda Research" since testifying at Bankman-Fried's criminal trial in October.

Persons: Caroline Ellison, Sam Bankman, Ellison, — Organizations: Alameda Research, Service, Business Locations: Bankman

☆ I regret worrying so much about my GPA in college—it didn't impact my career how I expected
▼ + stars: | 2024-09-10 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

As a new school year begins, I reminisce about unwrapping fresh school supplies and reuniting with friends after a summer apart. It's my biggest regret from college: I don't wish I worked harder or studied more — I wish I cared less about my GPA. The sacrifices I made to get near-perfect grades seemed worth it when I graduated from Northwestern with honors in 2019. And if you're planning on getting a postgraduate degree, like going to law or medical school, your GPA will be an integral part of your admission decision. Those, I believe, will do more for your career prospects than a 4.0 ever could.

Persons: I'm, —, Chelsea Jay, Jay Organizations: Northwestern University, Medill, Northwestern, CNBC Locations: Evanston , Illinois, Lake Michigan, Northwestern, New Jersey

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.

Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged

☆ The plot to topple Putin
▼ + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com time to read: +32 min

But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.

Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, —, Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia

☆ Pancakes, meet pandan. Asian American restaurants add their own spin to weekend brunch
▼ + stars: | 2024-09-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +7 min

Breaking Dawn was one of two places that opened in the San Francisco Bay Area last spring emphasizing brunch. Asian American restaurants in other cities have also found that sweet and savory spot between breakfast and lunch. Jessica Nguyen, 28, who was finishing brunch at Breaking Dawn, says she’ll almost always choose Asian brunch over regular eggs or waffles. Within the last few decades, Asian and Asian American cuisine has become more popular through media and savvy foodies. She doesn’t see other restaurants with Asian brunch as rivals.

Persons: Dawn, Liz Truong, Terry Tang, ”, Truong, Lerspreuk, Thanasit “ Toto ” Nanthasitsira, yum, “, Chef Francis Ang, buttered, Jessica Nguyen, she’ll, Nguyen, Martin Manalansan, ” Manalansan, “ It’s, There’s, Eric Silverstein, Silverstein, we’re, ” Silverstein Organizations: GATOS, FO, Breaking, San Francisco Bay Area, NBC Asian Locations: Calif, Bay, sunnyside, Los Gatos, San Francisco Bay, San Mateo, Thailand, Francisco’s, China , Hong Kong, Taiwan, Austin , Texas, Tokyo, Atlanta, NBC Asian America

A little over three years ago, private equity investor Orlando Bravo called FTX the "most cutting-edge, sophisticated cryptocurrency exchange in the world," as his buyout firm helped lead a $900 million investment in the company at a valuation of $18 billion. Bravo now tells CNBC that he and his firm, Thoma Bravo, are permanently out of crypto after that disaster. FTX spiraled into bankruptcy in late 2022, and founder Sam Bankman-Fried is in the early days of serving a 25-year prison sentence for the massive fraud and conspiracy that doomed FTX and sister hedge fund Alameda Research. "Once you make a mistake and once you get burned on something, our philosophy and my philosophy is you never touch it again," Bravo said in an interview on CNBC's "Squawk on the Street" on Thursday. FTX marked a sideways turn for San Francisco-based Thoma Bravo, which has emerged as a giant investor in technology, orchestrating multibillion-dollar acquisitions in recent years of companies including cybersecurity software vendor Proofpoint, property management software company RealPage, finance and supply chain software developer Anaplan and spend management software company Coupa.

Persons: Orlando Bravo, Thoma, spiraled, Sam Bankman, Bravo Organizations: Bravo, CNBC, Thoma Bravo, Alameda Research, San Locations: Alameda, San Francisco

☆ Who is the real Alice Guo? Fugitive mayor accused of spying for China faces legal reckoning after weeks on the run
▼ + stars: | 2024-09-04 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +10 min

The official inquiry into Alice Guo, disgraced former mayor of a small town not far from the capital Manila, has been compulsive viewing for Filipinos since it began in May. But who exactly is Alice Guo? The Bureau of Immigration (BI) says Indonesian authorities have informed them that former Mayor Alice Guo has been arrested in the country on September 4, 2024. Guo shows her chicken farm in Bamban, Tarlac province, in the Philippines in a YouTube video posted on April 20, 2022. The real concern about Guo arose from her alleged ties with business associates from China currently in prison.

Persons: Alice Guo, Guo, “, Ferdinand Marcos Jr, lawbreakers, ”, Alice L, David Buenaventura, Ditjen, she’s, Alice Leal Guo, scammers, Senator Risa Hontiveros, Marcos Jr, ” Marcos, Guo Hua Ping, hasn’t, Zhang Ruijin, Lin Baoying, Zhang, Lin, AMLC, Shiela, Cassandra Li Ong Organizations: CNN, absconding, Ang Law, Immigration, Philippine Bureau, YouTube, Philippine Offshore Gaming, Philippine News Agency, Philippine senate, Facebook, National Bureau of Investigation, Money, Yuan Technology Inc, Hongshen Gaming Technology Inc, QJJ, Inc Locations: Philippines, Manila, China, South China, Southeast Asia, Indonesia, Bamban, Tarlac province, Malaysia, Vietnam, Philippine, what’s, POGOs, Beijing, Singapore

☆ PDD just gave markets the latest warning on China's consumer. Where investors are looking instead
▼ + stars: | 2024-09-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

PDD 's tumble of nearly 30% last week on disappointing quarterly results is a reminder that China's consumer has largely moved on from its years of double-digit growth. "The reaction of its stock price is out of touch with its fundamentals," he said in Mandarin, translated by CNBC. "The entire Chinese consumer market is weak, yes, [but] PDD management's very peculiar comments caused the share price decline," he said. Chen Lei, chairman and co-CEO of PDD, warned multiple times on the earnings call about future declines in profit. Revenue grew by 21%, while adjusted earnings nearly doubled from a year ago.

Persons: PDD, Charlie Chen, Chen Lei, Morgan Stanley, Wang Xing, Trip.com, Liqian Ren, Ren, Joey Wat, Banks, Morgan, Richard Xu, Xu Organizations: China Renaissance Securities, CNBC, JPMorgan, Hong, Management, KFC, Yum, Savings Bank of Locations: Asia, Hong Kong, U.S, China, WisdomTree, Beijing, Yum China, Hong, Savings Bank of China

☆ Ex-FTX exec's girlfriend accused of using his money to illegally fuel her political career
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

According to an indictment unsealed Thursday, Bond had a fake consulting agreement with FTX, the notorious cryptocurrency exchange run by Sam Bankman-Fried. The $400,000 she received — along with gobs of more stolen money from FTX — fueled her congressional campaign, prosecutors say. The charges against Bond come one day after she finalized a divorce with her previous partner, according to Salame. In total, Salame and FTX gave Bond over $900,000, according to the indictment — far above the legal limits. AdvertisementAccording to prosecutors, Salame even once asked a friend to donate to Bond's campaign, who joked about Salame reimbursing them.

Persons: —, Michelle Bond, Bond, Sam Bankman, Ryan Salame, Salame, Gary Wang, Nishad Singh, Caroline Ellison —, Wang, Singh, Ellison, Prosecutors, FTX, that's, Salame didn't, Lewis Kaplan, Danielle Sassoon, Bond —, Sassoon, Judge Kaplan, He's Organizations: Service, FTX, Business, Federal Elections Commission, US, Republican, Digital, Alameda Research, Justice Department Locations: Manhattan, Bahamas, New York's, Long, Bankman, Salame

Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., exits federal court in New York, US, on Tuesday, May 28, 2024. Ryan Salame, a former top lieutenant at the failed cryptocurrency exchange FTX, asked a New York federal judge Wednesday to void his guilty plea to campaign finance and money-transmitting crimes, saying prosecutors are reneging on a key element of his plea agreement. Nicholas Biase, a spokesman for the U.S. Attorney's Office, declined to comment on Salame's filing. The charges against Salame stemmed from his involvement in a multi-million dollar campaign finance scheme during his tenure at FTX. Bankman-Fried was allegedly also deeply involved in the campaign finance scheme.

Persons: Ryan Salame, Michelle Bond, Bond, Salame, Lewis Kaplan, Salame's, Nicholas Biase, Sam Bankman, Fried, Caroline Ellison, Nishad Singh, Gary Wang, Singh, Wang Organizations: FTX Digital Markets, New, New York federal, Manhattan U.S, Attorney's, Salame, Government, U.S, Bankman, Alameda Research Locations: New York, FTX

☆ Tropical Storm Ernesto’s heavy rain hits Puerto Rico ahead of likely hurricane status
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +2 min

Puerto Rico Gov. A warning sign reading "Danger, No Swimming" is seen on the beach in Luquillo, Puerto Rico on Tuesday. Ocean conditions particularly in the north and the eastern part of Puerto Rico are going to be very dangerous," the governor said. The storm is expected to pass north of Puerto Rico on Wednesday and approach Bermuda on Saturday. People prepare for the arrival of Tropical Storm Ernesto in in Guaynabo, Puerto Rico, on Tuesday.

Persons: Ernesto, Pedro Pierluisi, Jaydee Lee Serrano, José Organizations: Puerto Rico Wednesday, Puerto, Puerto Rico Gov, AFP, Getty, NHC, U.S ., Associated Press Locations: Puerto, Caribbean, U.S, San Juan, Luquillo , Puerto Rico, Puerto Rico, British Virgin Islands, U.S . Virgin Islands , Puerto Rico, Vieques, Culebra, Bermuda, Guaynabo , Puerto Rico, Piñones, Puerto Rico’s, Sint Martin

☆ Nate Silver on the 2024 race: 'It's no longer Trump's election to lose.'
▼ + stars: | 2024-08-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +7 min

And when Hillary Clinton lost the 2016 election, after Silver gave her a 71% chance of winning, he became the subject of much (misplaced) scorn. But the rest of the world wants to know who Silver thinks is going to win the 2024 election. It's no longer Trump's election to lose. And so if it's Harris 80/20 and Trump wins, or Trump 80/20 and Harris wins on election day, then that's running some career risk. With hindsight, do you make sense at a big company, or do you think you're better as a solo act?

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