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☆ South Korean president declares martial law
▼ + stars: | 2024-12-03 | by ( Ellen Rittiner | ) edition.cnn.com time to read: 1 min

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☆ Microsoft faces £1 billion lawsuit in UK for allegedly overcharging rival cloud firms' customers
▼ + stars: | 2024-12-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTUKRAINE - 2022/01/07: In this photo illustration a Microsoft Azure logo seen displayed on a smartphone. Microsoft offers a cheaper price to firms running Windows Server on Azure than on direct competitors like AWS, Google's cloud or Alibaba Cloud. The lawsuit argues firms running the widely-used server software are essentially being overcharged to use alternative cloud computing solutions. "By doing so, Microsoft is trying to force customers into using its cloud computing service Azure and restricting competition in the sector." From 2017 to 2022, European cloud firms' market share halved from 27% to 13%, lagging international rivals as the entire European cloud market grew fivefold to 10.4 billion euros ($11 billion), according to data from Synergy Research Group.

Persons: Igor Golovniov, Maria Luisa Stasi, Stasi, it's, Solange Viegas Dos Reis, There's, Dos Reis, OVHCloud Organizations: Getty, Microsoft, Amazon Web Services, Google, Windows, CNBC, Stasi, CMA, Markets Authority, European Commission, EU, Synergy Research, U.S Locations: UKRAINE

☆ Journalist explains what led up to S. Korean president declaring martial law
▼ + stars: | 2024-12-03 | by ( Daniel Lewis | ) edition.cnn.com time to read: 1 min

☆ South Korean won falls sharply against the U.S. dollar after president declares martial law
▼ + stars: | 2024-12-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A television screen shows a news broadcasting of South Korean President Yoon Suk Yeol delivering a speech on emergency martial law, in Goyang, northwest of Seoul, on December 3, 2024. South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared an emergency marital law. The U.S. dollar traded up as much as 2.7% against the won, before paring gains. Speaking during an unannounced televised briefing, South Korea's Yoon accused opposition lawmakers of controlling the parliament and throwing the country into a political crisis. Martial law refers to the temporary imposition of military authority over a civilian population, typically during a time of emergency.

Persons: Yoon Suk, South Korea's, Yoon Suk Yeol, Korea's Yoon, Yoon, hasn't Organizations: South, U.S, U.S . Locations: Goyang, Seoul, Republic of Korea, Korean, Asia's

☆ Martial Law in South Korea Tests Biden and a Key U.S. Alliance
▼ + stars: | 2024-12-03 | by ( Edward Wong | Michael Crowley | ) www.nytimes.com time to read: +2 min

President Biden has put a special emphasis on South Korea, choosing it as the first non-U.S. site for his annual international conclave, the Summit for Democracy. And in 2023, he hosted President Yoon Suk Yeol for a state dinner at the White House, where the tuxedo-clad Mr. Yoon sang “American Pie” to an adoring audience. Mr. Biden has also relied on Mr. Yoon to provide munitions for Ukraine’s defense against the Russian invasion. Now, with Mr. Yoon imposing martial law after wildly accusing the opposition party of conspiring with North Korea to undermine him, the American alliance with South Korea faces its biggest test in decades. We are seriously concerned by the developments we are seeing on the ground in the R.O.K.”

Persons: Asia —, Biden, Yoon Suk, Yoon, ”, Mr, Yoon’s Organizations: Summit for Democracy, White, White House National Security Council Locations: South Korea, U.S, Asia, Russian, North Korea, China, Russia, Washington, Republic of Korea

☆ Nearly 300 Troops Stormed South Korean Legislature, Official Says
▼ + stars: | 2024-12-03 | by ( Minho Kim | More About Minho Kim | ) www.nytimes.com time to read: +1 min

The secretary general of South Korea’s National Assembly, Kim Min-ki, condemned the military on Wednesday morning for breaking into the legislature during President Yoon Suk Yeol’s brief imposition of martial law, saying that nearly 300 troops had stormed the compound. Mr. Kim offered the most detailed official account yet of the military’s incursion. About 230 troops were flown by helicopter onto the assembly grounds, and roughly 50 others jumped fences to gain entry, he said. Mr. Kim played closed-circuit footage of soldiers entering the compound, saying that all such video would soon be made public. As the secretary general, Mr. Kim is nonpartisan, but he was a member of the opposition Democratic Party until last spring.

Persons: Kim Min, Yoon Suk, Yoon’s, ” Mr, Kim Organizations: South Korea’s National Assembly, National Assembly, Democratic Party Locations: South Korea’s

President Yoon Suk Yeol of South Korea declared emergency martial law on Tuesday night, accusing the opposition of plotting “insurgency” and “trying to overthrow the free democracy.”It was the first martial law declaration in more than four decades in South Korea, which saw the end of a military dictatorship in the late 1980s. Mr. Yoon, who was elected president in 2022, has been in a near-constant political standoff with the opposition, which controls Parliament, and his government has faced plunging public approval ratings. In his speech declaring martial law late Tuesday, Mr. Yoon said he was making the move to “defend the free Republic of Korea from the threats of North Korean communist forces and to eradicate the shameless pro-North Korean anti-state forces that are plundering the freedom and happiness of our people and to protect the free constitutional order. Through this emergency martial law, I will rebuild and defend the free Republic of Korea, which is falling into ruin.”

Persons: Yoon Suk, Yoon, ” Locations: South Korea, Republic of Korea, North Korean, Korean

☆ Medicare open enrollment ends Dec. 7. These last-minute tips can help
▼ + stars: | 2024-12-03 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

But with Medicare Advantage plans, there are provider networks that limit the choice of doctors and hospitals from which a beneficiary may choose, he said. Call Medicare Advantage plans or medical providers directly to find out if they are still covered, as brochures can sometimes be outdated, Cubanski said. Medigap, also known as Medicare supplement insurance, provides private insurance to help pay for out-of-pocket costs not covered under original Medicare plans. But experts say the choice between private Medicare Advantage plans and government Medicare original plans is largely personal. However, Medicare Advantage enrollees may need to get prior authorization before receiving certain types of care, Cubanski said.

Persons: Moeller, It's, Cubanski, Joe Biden, Ken Cedeno, " Moeller, Medigap, Justin Sullivan Organizations: Brigade, Reuters, Medicare Locations: Prince George's County , Maryland, U.S, Oakland , California

☆ Justice Dept.’s Apolitical Tradition Is Challenged by 2 Presidents
▼ + stars: | 2024-12-03 | by ( Devlin Barrett | ) www.nytimes.com time to read: 1 min

The special counsel appointed to investigate President-elect Donald J. Trump is wrapping up his work without the charges he brought in two cases ever going in front of a jury. The special counsel named to lead the inquiry into Hunter Biden, the president’s son, has just seen the two convictions he secured wiped away by a presidential pardon. Mr. Trump, whose election victory last month has done nothing to blunt his desire for retribution against those who pursued or opposed him, is trying to install a new F.B.I. director, Kash Patel, dedicated to turning the nation’s premier law enforcement agency upside down. And President Biden, who for years cast himself as the principled defender of democratic norms and the rule of law, defended his grant of clemency to his son by saying Hunter had been “selectively, and unfairly, prosecuted” in a process infected by “raw politics.”

Persons: Donald J, Hunter Biden, Trump, Kash Patel, Biden, Hunter, ” Organizations: Trump

☆ Opinion | Can Rahm Emanuel Flip the Script Again?
▼ + stars: | 2024-12-03 | by ( Bret Stephens | ) www.nytimes.com time to read: +1 min

There’s a buzz around Rahm Emanuel — the former Bill Clinton adviser, former Illinois congressman, former chief of staff to President Barack Obama, former mayor of Chicago — possibly becoming the next head of the Democratic National Committee. “What started as two wars in two theaters is now one war in two separate theaters,” he says of the conflicts in Ukraine and the Middle East. “We need to ensure that it does not expand into a third theater.”How soon might that happen? I mention 2027, a year that’s often seen as China’s target date for reunification with Taiwan, if necessary by force. Unlike with Taipei, to which America’s obligations are deliberately ambiguous, with Manila and Seoul our defense commitments are ironclad.

Persons: Rahm Emanuel —, Bill Clinton, Barack Obama, Chicago —, Walter Mondale, Howard Baker, ”, it’s, Emanuel, Kim Jong, “ Organizations: Democratic National Committee, North Korean, South Locations: Illinois, Chicago, Japan, New York City, Asia, Ukraine, Taiwan, North, South Korea, Russia, South China, China, Philippines, Taipei, Manila, Seoul

☆ Morgan Stanley has a new AI stock play, that's applying the technology to law enforcement
▼ + stars: | 2024-12-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Axon Enterprise could be set up for continued gains in the months ahead, according to Morgan Stanley. Analyst Meta Marshall upgraded the stock to overweight, and her price target of $700 reflects about 10% upside from Monday's close. This comes as the stock has risen more than 146% year to date. "While the name is expensive and may need to grow into valuation given run YTD, over the long term, we see it as a core holding." "As a result, we are more willing to ascribe value to AI portfolio pulling through other products, which could lead to additional valuation upside (as prelim AI portfolio pull through is likely built into price after recent run)," Marshall continued.

Persons: Morgan Stanley, Meta Marshall, Marshall, FactSet –

☆ Biden acknowledges horrific history of slavery that has connected the US and Angola while projecting optimism for future ties
▼ + stars: | 2024-12-03 | by ( Sam Fossum | Arlette Saenz | ) edition.cnn.com time to read: +6 min

“Our people lie at the heart of a deep and profound connection that forever binds Africa and the United States together. “The story of Angola and the United States holds a lesson for the world. “The United States understands how we invest in Africa is as important as how much we invest,” Biden said. During his remarks, Biden touted US efforts to expand its relationships across Africa, including billions of dollars in investments in Angola. “It was the beginning of slavery in the United States.

Persons: Joe Biden, ” Biden, Álvaro de Carvalho Matoso, Biden, he’s, ”, “, Yoon Suk Yeol, Wanda Tucker, William Tucker, William Tucker’s, Anthony, Isabella, Tucker, João Manuel Gonçalves Lourenço, Hunter Biden Organizations: CNN, National Museum of Slavery, United States, Initiative, South Korean, Monday, Rio Salado College, Angolan, Democratic, Democratic Party, Capitol Locations: United States, Angola, “, Africa, America, United, Beijing, South Korea, China, Portuguese, Virginia, Arizona, Luanda, Lobito, Democratic Republic of the Congo

Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea's President Yoon Suk Yeol declared emergency martial law. South Korea President Yoon on December 3 declared emergency martial law, saying the step was necessary to protect the country from "communist forces" amid parliamentary wrangling over a budget bill. The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled 6% to hit a 52-week low. South Korean stocks dropped in the U.S. on Tuesday after President Yoon Suk Yeol invoked emergency powers and declared martial law, raising fear of instability in the world's 13th largest economy. This is the first time since 1980 a South Korean leader has issued a martial law declaration.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, — Organizations: National Assembly, South, Korea ETF, Korea Electric, KT Corporation, Korea Telecom, Korea Exchange, U.S, South Korean Locations: Seoul, Korea, South Korea, U.S, Korean, South Korean, North Korea

☆ What happens next after an extraordinary night of political upheaval in South Korea?
▼ + stars: | 2024-12-03 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

Key US military installations dot South Korea, and there are nearly 30,000 American troops stationed in the country. Video Ad Feedback Analyst says South Korean president made one of the ‘great political errors’ 01:31 - Source: CNNIs this unusual for South Korea? South Korea has been a vibrant democracy since the 1980s, with regular protests, free speech, fair elections and peaceful transfers of power. But South Korea has a dark political past. It wasn’t until 1988 that South Korea elected a president through free and direct elections.

Persons: Yoon Suk, Yoon’s, Yoon, ”, Yoon Suk Yeol, Chung Sung, ” Yoon’s, he’d, –, Jung Yeon, Camp Humphreys, Kim Jong Un’s, Yonhap Organizations: South Korea CNN, Democratic Party, National Assembly, South, Getty, US, Japan, Reuters, CNN Locations: Seoul, South Korea, South Koreans, United States, sympathizing, North Korea, Korea, AFP, Philippines, Asia, Pacific, Ukraine, Korean, South Korean

☆ Stocks making the biggest moves midday: Tesla, U.S. Steel, FedEx, AT&T and more
▼ + stars: | 2024-12-03 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

U.S. Steel — Shares dropped 8.6% Tuesday, the day after President-elect Donald Trump said he would stop Japan's Nippon Steel from buying the Pittsburgh steelmaker. Zscaler — The cloud security company posted in-line guidance for its fiscal second quarter revenue that disappointed investors, sending shares more than 3.5% lower. PSQ Holdings — Shares surged 89% after Bloomberg News, citing people familiar with the matter, reported Donald Trump Jr. could join the board of PSQ Holdings as soon as Tuesday. South Korean stocks — U.S.-listed shares of South Korean stocks slumped after the country's president declared martial law. FedEx — The Memphis-based package delivery company slipped 3.3% after being downgraded at Bernstein to market perform from outperform.

Persons: Donald Trump, Redburn, LSEG, Zscaler, Donald Trump Jr, Cleanspark, Tesla, Elon Musk's, Bernstein, OLLI, Mgmt, Jesse Pound, Sarah Min, Hakyung Kim, Pia Singh, Michelle Fox Organizations: . Steel, Nippon Steel, Pittsburgh, Holdings, PSQ Holdings, Bloomberg, Revenue, U.S, South, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, FedEx —, Wells Locations: Delaware, Korea, Franklin FTSE South, Memphis, Wells Fargo

☆ Shots fired near home of Treasury Secretary Janet Yellen in 'agent involved shooting'
▼ + stars: | 2024-12-03 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Treasury Secretary Janet Yellen delivers remarks on the Inflation Reduction Act after visiting the site of a new paperless processing initiative in McLean, Virginia, on August 2, 2023. Multiple shots were fired early Tuesday morning near the Washington, D.C., home of Treasury Secretary Janet Yellen in what senior law enforcement officials called an "agent involved shooting," NBC News reported. Yellen, who is protected by U.S. Secret Service agents, was not under threat during the incident, law enforcement sources told NBC. The Secret Service did not immediately respond to CNBC's request for comment. The incident will be investigated by the U.S. Attorney's Office in Washington and Washington Metropolitan Police.

Persons: Janet Yellen, Yellen Organizations: D.C, NBC, Secret Service, U.S, Attorney's, Washington Metropolitan Police Locations: McLean , Virginia, Washington

☆ South Korea president declares emergency martial law
▼ + stars: | 2024-12-03 | by ( Peter Wilkinson | ) edition.cnn.com time to read: 1 min

☆ FBI arrests man allegedly helping prepare ‘surprise attack’ on South Korea
▼ + stars: | 2024-12-03 | by ( Josh Campbell | ) edition.cnn.com time to read: +3 min

CNN —A California man confessed to helping the North Korean regime prepare for an attack in a “sophisticated scheme” to illegally obtain restricted weapons and military grade technology, federal prosecutors announced Tuesday. Wen, who allegedly overstayed his visa and remained in the US illegally, was arrested Tuesday by the FBI. Thousands of US military personnel are stationed in South Korea to help bolster security and stability in the region. Justice Department officials said the arrest was unrelated to Tuesday’s internal political turmoil amid a declaration of martial law and clashes outside South Korean parliament. Akil Davis, head of the FBI’s Los Angeles division, said: “Not only did the investigative team prevent additional restricted items going to the North Korean regime, but they gathered valuable intelligence for the United States and our allies.”

Persons: Shenghua Wen, Wen, “, ”, Martin Estrada, Estrada, Shawn Gibson, Akil Davis Organizations: CNN, North, Justice Department, FBI, Korean, North Korean, . Justice, South, Prosecutors, Department of Justice, Emergency Economic, Homeland Security Investigations, Los Locations: California, Ontario , California, South Korea, Texas, Los Angeles, North Korea, United States

☆ Why did South Korea's president declare martial law?
▼ + stars: | 2024-12-03 | by ( Ellie Zolfagharifard | Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

South Korea's president, Yoon Suk Yeol, on Tuesday invoked martial law, a stunning move that threw the nation into turmoil. The last time that a South Korean leader declared martial law was in 1979 following the assassination of the president. South Korea's parliament voted unanimously to block the president's decree, declaring the shocking move invalid, but martial law remains in effect. The semi-official South Korean news agency also said that media and publishers fall under the control of the South Korean military. Hours after Yoon declared martial law, live TV showed South Korea's parliament passing a motion requiring the law to be lifted.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, Kim Jong, Yoon didn't, South Korea Philip Goldberg, Yoon's, Biden, Han Dong, Lee Jae, Yonhap Organizations: South, People Power Party, Democratic Party of Korea, National Assembly, Associated Press, South Korean, State Department, Power Party, Korean, US National Security, KB Financial Group, POSCO Holdings, Wall Street Locations: Korean, South Korea, Korea's, North Korea, Korea, South

☆ CNN reporter describes the scene in Seoul after S. Korean president declared martial law
▼ + stars: | 2024-12-03 | by ( Josephine Hitchings | ) edition.cnn.com time to read: 1 min

☆ South Korean parliament votes to lift president's martial law declaration
▼ + stars: | 2024-12-03 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Members of the military make their way through the crowd in front of the National Assembly, after South Korean President Yoon Suk Yeol declared martial law, in Seoul, South Korea, December 4, 2024. The South Korean National Assembly voted to overturn President Yoon Suk Yeol's martial law decree Wednesday morning in Seoul. Under the martial law declaration, all political activities and acts that "incite social disorder" are prohibited. However, Yoon's martial law decree came as a shock even to members of his People Power Party. The party's leader, Han Dong-hoon, and Seoul Mayor Oh Se-hoon both voiced their opposition to Yoon's martial law declaration on Tuesday night.

Persons: Yoon Suk Yeol, Yoon Suk, Yoon, Han Dong Organizations: National Assembly, South, South Korean National Assembly, National, Military, People Power Party, Seoul, Democratic Party Locations: Seoul, South Korea, Republic of Korea, Korean

☆ Supreme Court to Hear Challenge to Tennessee’s Ban on Transgender Care
▼ + stars: | 2024-12-03 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

A little more than four years ago, the Supreme Court delivered a surprise victory to L.G.B.T.Q. Rejecting the position of the Trump administration, the court ruled by a lopsided margin that a federal civil rights law protected transgender people from workplace discrimination. In the intervening years, transgender rights have become a ferocious battleground in the culture wars, and controversies over health care, bathrooms, sports and pronouns played a prominent role in the presidential campaign. But the Supreme Court has had only glancing encounters with such issues since the employment discrimination case in 2020, which featured a majority opinion from Justice Neil M. Gorsuch, Mr. Trump’s first appointee to the court. That will change on Wednesday, when the court hears its second major case on transgender rights, a challenge to a Tennessee law that prohibits some medical treatments for transgender youths.

Persons: Trump, Neil M, Gorsuch, Trump’s Locations: Tennessee

☆ Elon Musk lost his Tesla pay fight. Here's what he can do next.
▼ + stars: | 2024-12-03 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Elon Musk's battle over his Tesla pay is entering a new phase. A Delaware judge ruled on Monday that Tesla's shareholder vote wasn't enough to pass Elon Musk's $55 billion compensation package. One issue that may come up is whether Musk influenced the negotiations over his Tesla pay package, as the trial judge suggested in her initial ruling, he said. Given that Musk's pay package was set to be the largest ever for a CEO, there aren't many cases to turn to for direct precedent. "When you know Delaware law, you know that stuff like that is just not going to fly," Alon-Beck said.

Persons: Elon, Elon Musk's, Tesla, Kathaleen St, J . McCormick, Mathieu Shapiro, Obermayer's, Shapiro, Musk, " Shapiro, Anat Alon, Beck, Mark Zuckerberg's, Alon, Zuckerberg, Dorothy Lund, Lund, hasn't, Elon Musk, Robyn Denholm Organizations: Elon Musk's, Case Western Reserve University, Instagram, Delaware Supreme Locations: Delaware, Texas, Columbia

☆ I moved from Toronto to NYC and have no plans to return to Canada. I prefer life in the US.
▼ + stars: | 2024-12-03 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +5 min

AdvertisementI moved from Canada to the US in 2010 and have no plans to return anytime soon. Canada's healthcare isn't as great as it soundsMy left-leaning American friends dream about moving north under the specter of a second Trump administration. At the same time, Canada's healthcare system experiences some of the longest wait times for "elective" procedures like knee replacements, and there's no way to skip the line, for better or worse. Why I'm staying in New YorkI'm not a fan of the direction American politics is taking. But thanks to the plentiful opportunities in New York and the lack thereof I see in Canada, I'm staying in the US.

Persons: they're, specter, Trump, I'm, you'll, haven't, It's Organizations: Canada, Bowdoin College, New Locations: Canada, Toronto, New York, New York City, Alabama, Ontario, Maine, PitchBook, Brooklyn

☆ Elon Musk briefly dropped OpenAI lawsuit after a chat and a hug with Sam Altman in March: report
▼ + stars: | 2024-12-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementElon Musk filed a lawsuit against OpenAI in February, only to briefly withdraw it in June. Elon Musk briefly withdrew his lawsuit against OpenAI in June after he had a conversation with Sam Altman in March, The Wall Street Journal reported on Sunday. Last month, Musk amended his lawsuit to include Microsoft as a defendant and accused Microsoft and OpenAI of forming a monopoly. In addition to suing Altman, Musk recently gave him a nickname: "Swindly Sam." AdvertisementRepresentatives for Altman at OpenAI and Musk did not respond to requests for comment from BI.

Persons: Elon Musk, Musk, Altman, Sam, Sam Altman, Musk's, OpenAI, David Hoffman, BI's Grace Kay, Tesla, xAI Organizations: OpenAI, Street, Microsoft, SpaceX, University of Pennsylvania, Twitter Locations: Big Sky , Montana, That's, OpenAI

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