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☆ Jack Dorsey Criticizes Sale of Twitter to Elon Musk
▼ + stars: | 2023-05-01 | by ( Ginger Adams Otis | Alexa Corse | ) www.wsj.com time to read: 1 min

Twitter co-founder Jack Dorsey had been part of a group of people who were encouraging the Tesla CEO’s takeover of the social-media platform. Photo: marco bello/Agence France-Presse/Getty ImagesElon Musk hasn’t proved himself to be the best leader for Twitter, according to co-founder Jack Dorsey , who said “it all went south” when the company was sold to the billionaire. Mr. Dorsey shared his opinion Friday in a series of posts on Bluesky, a social-media platform some have touted as a possible alternative to Twitter.

REUTERS/Marco BelloNEW YORK, April 27 (Reuters) - JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon sent a clear message to employees this month: get back to the office. The largest U.S. lender's employees inundated an internal messaging forum with criticism after its operating committee posted an edict entitled, "The importance of being together." JPMorgan first called employees back to the office on a rotational basis in mid-2021 after months of pandemic shutdowns. "We don't want to punish everybody because of that, but people agreed to do three days a week; we expect three days a week." Many branch employees, building staff and other workers have reported to offices throughout the pandemic without the option to work remotely.

☆ More Activists Lay Down Arms in Battles for Boardroom Control
▼ + stars: | 2023-04-21 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

Nelson Peltz previously launched a proxy fight for a seat on Disney’s board but later backed down. Photo: Marco Bello/Bloomberg NewsSo far in the 2023 proxy season, shareholder activists have shown more bark than bite. At companies including Walt Disney Co., Salesforce Inc. and Bath & Body Works Inc., big-name activists have prepared to battle for board seats, only to quickly agree to truces.

☆ Trump racks up Florida endorsements in blow to DeSantis
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

[1/2] Former U.S. President Donald Trump and Florida Governor Ron DeSantis speak at midterm election rallies, in Dayton, Ohio, U.S. November 7, 2022 and Tampa, Florida, U.S., November 8, 2022 in a combination of file photos. REUTERS/Gaelen Morse, Marco BelloApril 19 (Reuters) - Donald Trump continued to rack up endorsements in Florida for his presidential campaign on Wednesday, outmaneuvering the state's Governor Ron DeSantis on his home turf. "If we want to get our economy back on track, Donald Trump is just the guy to get it done," Buchanan said. "They have the DeSantis campaign in a vulnerable position." Only one, Laurel Lee, stuck with DeSantis, announcing her endorsement on Tuesday.

Bolsonaro's electoral outlook contrasts sharply with former U.S. President Donald Trump, another right-wing populist who challenged the results of his failed re-election campaign. Bolsonaro never conceded his narrow defeat in the October election and continues to question the reliability of Brazil's voting system. RISING CONSERVATIVE STARSStill, conservative powerbrokers allied with Bolsonaro are ready to reshuffle the deck for the next election cycle. He said a TSE decision to bar Bolsonaro from running would only boost the ex-president's political appeal. Any right-wing substitute could win with his endorsement, he added, while side-stepping the high rejection rates Bolsonaro faced as a candidate last year.

☆ Trump appeals order requiring Pence to testify in Jan. 6 probe -media
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Marco BelloWASHINGTON, April 10 (Reuters) - Former President Donald Trump has appealed an order requiring his former vice president, Mike Pence, to testify in the special counsel probe of the Jan. 6, 2021, attack on the U.S. Capitol, according to media reports on Monday. Trump's lawyers filed the appeal after a ruling related to the Justice Department investigation of efforts to undermine the 2020 presidential election that Trump, a Republican, lost to Democrat Joe Biden. In a March ruling, the judge also said Pence can still decline to answer questions related to Jan. 6. Special Counsel Jack Smith, appointed by Attorney General Merrick Garland in November to handle the two Trump investigations, is presenting evidence to multiple grand juries. Reporting by Kat Jackson and Doina Chiacu; Editing by Tim Ahmann and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Marco Bello/File PhotoWASHINGTON, April 10 (Reuters) - The United States and Cuba will hold another round of migration talks on Wednesday, officials said, as the Biden administration braces for the end of COVID-era border restrictions that have blocked Cubans in recent months from crossing into the U.S. from Mexico. This week's meeting "represents a continuation of our long engagement with Cuba on migration matters as neighboring states and is limited to the topic of migration," a U.S. State Department official said on Monday. "Ensuring safe, orderly, humane, and regular migration between Cuba and the United States remains a primary interest of the United States, consistent with our interest in fostering family reunification, and promoting greater respect for human rights and fundamental freedoms in Cuba," the State Department official said on condition of anonymity. The U.S. Border Patrol arrested 176 Cubans at the southwest border in February, down from nearly 43,000 in December. The restrictions, known as Title 42, allow U.S. authorities to rapidly expel migrants to Mexico without the chance to seek U.S. asylum.

☆ Trump indictment pulls DeSantis-leaning Republicans back to MAGA fold
▼ + stars: | 2023-04-03 | by ( Tim Reid | ) www.reuters.com time to read: +6 min

"Now I am absolutely voting for Trump," said White, 75, a composer and musician in Nevada. "The indictment was the last straw for me, because Trump has suffered so much political abuse. The reason was the indictment, Longwell added. Steven Cheung, a Trump spokesman, said in an email to Reuters that the charges had "surged" support for Trump. "Americans from all backgrounds are sick and tired of the weaponization of the justice system against President Trump and his supporters," Cheung said.

☆ No, Ron DeSantis can't stop Donald Trump's extradition from Florida to New York. Here's what happens now that he's been indicted.
▼ + stars: | 2023-03-30 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Ron DeSantis can't stop extradition from Trump's home in Florida, but he could slow the process. DeSantis can't stop Trump's extradition, but he could slow it downThe standard method of interstate extradition in Florida, according to Holder and Bachner, involves the governors of each state. DeSantis is then required to make sure the indictment is valid before ordering Trump's extradition from Florida. The Florida extradition statute describes the governor's role as simply making sure the extradition demand meets all the legal requirements. It's unlikely that DeSantis will look too closely under the hood of the indictment, Bachner told Insider before news of the grand jury vote Thursday.

March 28 (Reuters) - Jamie Dimon, the chief executive of JPMorgan Chase & Co (JPM.N), will be interviewed under oath over the bank's relationship with late sex offender and former client Jeffrey Epstein, a lawyer involved in the case said on Tuesday. Epstein had been a JPMorgan client from 2000 to 2013 - five years after he pleaded guilty to a Florida prostitution charge. He had been friendly with Epstein but expressed regret for the relationship and has denied any involvement in Epstein's illegal activity. Deutsche Bank AG (DBKGn.DE), where Epstein was a client from 2013 to 2018, is also being sued by the financier's accusers. Epstein killed himself in a Manhattan jail cell at age 66 in August 2019 while awaiting trial for sex trafficking.

DeSantis' muddled messaging on Ukraine and the multiple legal investigations into Trump mean that this year’s primary race “is a vast sea of uncertainty,” said Whit Ayres, a Republican strategist and former DeSantis pollster. Metals magnate and donor Andy Sabin backed Trump in 2016 and 2020 but is now planning to spend money in the Republican primary on “anybody but Trump." Enthusiastic crowds of Trump supporters were mostly quiet when he mocked DeSantis at two recent rallies. For now, despite the volatility, Trump and DeSantis remain the two leading contenders, said David Tamasi, a Republican donor and lobbyist. "You have two candidates getting 75-80% of the vote," said Tamasi, who previously backed Trump but is not this time.

REUTERS/Marco BelloMarch 23 (Reuters) - An attorney for former U.S. President Donald Trump voluntarily testified before a Washington, D.C., federal grand jury in December 2022 on efforts to find any remaining classified documents at Trump's properties, the lawyer said on Thursday. Attorney Tim Parlatore testified as part of a federal criminal investigation into classified documents retained at Trump's Mar-a-Lago resort. He also alleged he witnessed prosecutorial misconduct as he appeared before the grand jury. A spokesperson for special counsel Jack Smith, who is overseeing the classified documents investigation, did not immediately return a request for comment. FBI agents seized thousands of government records, some marked as highly classified, from Trump's Mar-a-Lago resort during a court-approved search on Aug. 8.

☆ Block shares extend losses as Hindenburg report weighs
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Cash App is seen at the main hall during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/File PhotoMarch 24 (Reuters) - Shares of Twitter co-founder Jack Dorsey's Block Inc (SQ.N) fell 4% in premarket trading on Friday, a day after the payments firm's Cash App business became the latest target of U.S. short seller Hindenburg Research. In a report, Hindenburg has alleged that Block overstated its user numbers and understated its customer acquisition costs. Block shares closed 15% lower on Thursday, giving up all the gains made so far this year. The report cited a non-profit organization to say that Cash App was also "by far" the top app used in reported U.S. sex trafficking.

☆ Hindenburg takes aim at Dorsey's payments firm Block, shares plunge
▼ + stars: | 2023-03-23 | by ( Manya Saini | ) www.reuters.com time to read: +5 min

Block shares fell as much as 22% before paring losses and were last down 14% at $62.61 in afternoon trading. After reviewing the full report, Block said it was "designed to deceive and confuse investors". Hindenburg said that Block "obfuscates" how many individuals are on the Cash App platform by reporting misleading "transacting active" metrics filled with fake and duplicate accounts. The app had 51 million monthly transacting actives, a 16% year-over-year increase during December 2022, Block said in fourth-quarter earnings letter. "What I am really concerned about is the Cash App, accusations of fraud, multiple accounts, opening accounts and fake names.

☆ Hindenburg shorts Jack Dorsey's payments firm Block, shares plunge
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Cash App is seen at the main hall during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco BelloMarch 23 (Reuters) - Hindenburg Research on Thursday disclosed short positions in Block Inc (SQ.N) and alleged that the Jack Dorsey-led payments firm overstated its user numbers and understated its customer acquisition costs. Shares of Block slid 20% to $57.85 in premarket trading following the report. Hindenburg added that Block "obfuscates" how many individuals are on the Cash App platform by reporting misleading "transacting active" metrics filled with fake and duplicate accounts. Founded in 2017 by Nathan Anderson, Hindenburg is a forensic financial research firm that analyses equity, credit and derivatives.

☆ JPMorgan CEO leading talks for new First Republic rescue plan - WSJ
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco BelloMarch 20 (Reuters) - JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon is leading talks with the chiefs of other big banks about fresh efforts to stabilize First Republic Bank (FRC.N), the Wall Street Journal reported on Monday, citing people familiar with the matter. JPMorgan and First Republic declined to comment on the report. A spokesperson for First Republic pointed to an earlier statement where the bank said it was "well-positioned to manage short-term deposit activity". On Sunday, ratings agency S&P Global downgraded First Republic deeper into junk status, citing persistent risks to the lender's liquidity.

☆ No, Ron DeSantis can't stop Donald Trump's extradition from Florida to New York if he's indicted. Here's how it would go down.
▼ + stars: | 2023-03-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Ron DeSantis can't stop extradition from Trump's home in Florida, but he could slow the process. DeSantis can't stop Trump's extradition, but he could slow it downThe standard method of interstate extradition in Florida, according to Holder and Bachner, involves the governors of each state. In that scenario, the Manhattan District Attorney's Office would present the indictment to the legal affairs office of New York Gov. DeSantis is then required to make sure the indictment is valid before ordering Trump's extradition from Florida. The Florida extradition statute describes the governor's role as simply making sure the extradition demand meets all the legal requirements.

☆ Florida's DeSantis presses prosecutor over suspect in fatal shooting
▼ + stars: | 2023-03-01 | by ( Brendan O'Brien | ) www.reuters.com time to read: +3 min

[1/2] Republican Florida Governor Ron DeSantis speaks during his 2022 U.S. midterm elections night party in Tampa, Florida, U.S., November 8, 2022. DeSantis, widely thought to be weighing a 2024 presidential campaign, has been accelerating efforts to build his national profile. In August, DeSantis suspended a state's attorney in Hillsborough County who had pledged not to bring criminal cases against people seeking or providing abortions. The letter noted that Moses was arrested in 2021 for possession of cannabis, but Worrell's office did not pursue charges against him. DeSantis' office is seeking from Worrell's office all documents and information regarding Moses, adjudication of his previous cases and his lengthy criminal record.

[1/3] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. The U.S. Virgin Islands is seeking damages from JPMorgan for missing red flags about Epstein's misconduct on Little St. James, a private island he owned there. Dimon and Staley, who later served as Barclays Plc's (BARC.L) chief executive, are not defendants in either lawsuit. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

☆ As Miami high-rises loom over financial district, local resident digs in
▼ + stars: | 2023-02-21 | by ( Maria Cardona | ) www.reuters.com time to read: +2 min

REUTERS/Marco BelloMIAMI, Feb 21 (Reuters) - As developers seek to build up Miami's skyline, long-time resident Ishmael Bermudez is digging in - literally. The artist and amateur archeologist lives in a single-family home in Brickell, a rare property in Miami's financial district. Bermudez, alongside community groups and professional archeologists, is pushing for more preservation in Miami as new developments unearth historical relics. Bermudez's home in Brickell, just south of downtown Miami, is painted with a multicolored seascape of fish and underwater plants. Reporting by Maria Alejandra Cardona in Miami; Editing by Lananh Nguyen and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Galois Capital flagship fund to close after FTX losses
▼ + stars: | 2023-02-20 | by ( Nell Mackenzie | Elizabeth Howcroft | ) www.reuters.com time to read: +1 min

FILE PHOTO: The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. REUTERS/Marco Bello/File PhotoLONDON (Reuters) -Galois Capital hedge fund founder Kevin Zhou said on Monday his flagship fund would close after “losing almost half” of the fund’s money when cryptocurrency exchange FTX collapsed. Zhou’s statement, released on Twitter, confirmed a report in the Financial Times that the hedge fund had decided to close its main fund and return its money to investors. In his tweet, Zhou also said Galois Capital had lost almost half of its assets “to the FTX disaster”. The newspaper report cited an investor letter which said the hedge fund was no longer viable, had stopped trading and exited its positions.

☆ How a family's struggle to help their son gave rise to controversial $400 million psychedelics giant Compass Pathways
▼ + stars: | 2023-02-15 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +18 min

Today, Compass Pathways, the for-profit company they launched in 2016, is a Nasdaq-listed firm worth about $400 million. Compass Pathways Show lessIt could also boost the dozens of psychedelics companies inspired by Compass that have been formed in recent years. Insider spoke with more than a dozen industry participants to chart the rise of Compass Pathways and its role in the psychedelics boom. He recalled the 2018 Quartz article that detailed the growing alarm around Compass Pathways' "magic mushroom monopoly." Were it not for his decision to take a break from college, and his parents' efforts to find a treatment, Compass Pathways might not exist.

☆ Valentine's Day roses turn Miami, usually a freight desert, into trucking's busiest hot spot
▼ + stars: | 2023-02-12 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +4 min

The US will spend $25.6 billion on Valentine's day this year. "There's not a lot of freight in the South Florida markets," Robert Rouse, product manager for truckload freight marketplace and data analytics platform DAT Freight & Analytics, told Insider. The overwhelming majority of Valentine's day roses and carnations come from Colombia and Ecuador. The overwhelming majority of Valentine's day roses and carnations come from Colombia and Ecuador, which are conveniently just a few hours plane ride from Miami. Valentine's roses are to Miami what Christmas trees are to Oregon and North Carolina, or pumpkins to Illinois.

☆ Brazil's Lula calls Bolsonaro a Trump 'copycat' in CNN interview
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

[1/2] Former Brazilian President Jair Bolsonaro looks on during "Power of The People" event hosted by Turning Point USA at Trump National Doral Miami Resort in Doral, Florida, U.S., February 3, 2023. REUTERS/Marco BelloWASHINGTON, Feb 10 (Reuters) - Brazilian President Luiz Inacio Lula da Silva called his far-right predecessor Jair Bolsonaro a "faithful copycat" of Donald Trump and said there was no chance Bolsonaro would return to the presidency. The leftist leader told CNN's Christiane Amanpour on Friday that Brazil's judiciary is investigating Bolsonaro for attacks on democracy. But Lula said he hopes the former president will be convicted of genocide by an international court for his handling of the COVID-19 pandemic that killed 698,000 Brazilians. Bolsonaro supporters stormed government buildings in Brasilia on Jan. 8, calling for a military coup to oust Lula, in an echo of Jan. 6, 2021, when Trump supporters attacked the U.S. Capitol.

☆ Exclusive: JPMorgan CEO says too early to declare victory against inflation
▼ + stars: | 2023-02-08 | by ( Lananh Nguyen | ) www.reuters.com time to read: +3 min

MIAMI, Feb 8 (Reuters) - The chief executive of JPMorgan Chase & Co. (JPM.N), the biggest U.S. bank, cautioned against declaring victory against inflation too early, warning the Federal Reserve could raise interest rates above the 5% mark if higher prices ended up "sticky." In reference to inflation, Dimon said "people should take a deep breath on this one before they declare victory because a month’s number looked good." But if inflation comes down to 3.5% or 4% and stays there, "you may have to go higher than 5% and that could affect short rates, longer rates," he said. Asked about JPMorgan's plans for jobs given cuts at other Wall Street banks, Dimon said the outlook for hiring remains up at the bank. "We're still opening branches and in general around the world, we are still hiring bankers, consumer bankers, small business bankers, middle market bankers, folks overseas... we have more clients to cover," he said.

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