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☆ Ashton Kutcher resigns from anti-sex abuse nonprofit after backlash to his support for Danny Masterson
▼ + stars: | 2023-09-15 | by ( Megan Thomas | ) edition.cnn.com time to read: +3 min

Kunis is also stepping down as an observer on the Thorn board, according to a report by Time. And we’re sorry if that has taken place.”“We support victims, we have done this historically through our work and will continue to do so in the future,” Kunis said in their video. In his resignation letter, Kutcher said he wanted the focus of Thorn to remain on the organization’s mission to help victims and survivors. “I want to offer my heartfelt apology to all victims of sexual violence and everyone at Thorn who I hurt by what I did,” Kutcher wrote. I remain proud of what we have accomplished in the past decade and will continue to support Thorn’s work.

Persons: CNN — Ashton Kutcher, Thorn, Mila Kunis, ”, Danny Masterson, Kunis, ” Kutcher, Masterson, Kutcher, Demi Moore, ” Kunis, ” Thorn Organizations: CNN, Board

☆ Ashton Kutcher Resigns From Nonprofit Over Danny Masterson Letter
▼ + stars: | 2023-09-15 | by ( Orlando Mayorquin | More About Orlando Mayorquin | ) www.nytimes.com time to read: +1 min

The couple’s support of Masterson started a firestorm that prompted them to respond in a video posted to Instagram last weekend. Kutcher announced he had resigned from Thorn in a letter to its board dated Thursday and shared on the organization’s website. “I have determined the responsible thing for me to do is resign as chairman of the board, effectively immediately,” Kutcher wrote. A judge sentenced him to the maximum penalty, 30 years to life, last week. He will be eligible for parole in 20 years, according to the Los Angeles County District Attorney’s Office.

Persons: Ashton Kutcher, Thorn, Mila Kunis, ”, Danny Masterson, Masterson, Kutcher, “, ” Kutcher Organizations: Thorn, ”, Angeles County, Attorney’s Office Locations: Los Angeles

“Threats don’t matter, and sometimes people do those things because of personal things and that’s all fine,” McCarthy told reporters. “Whether or not McCarthy faces a motion to vacate is within his own hands. Alex Wong/Getty ImagesMcCarthy-Gaetz showdown takes center stage againThis is not the first time that McCarthy and Gaetz have squared off. As part of his deal to become speaker, McCarthy gave any single member the power to call for a floor vote on removing him. But after McCarthy cut a deal with Democrats to raise the debt ceiling this summer, the trust and communication between Gaetz and McCarthy broke down – and the rhetoric has gotten personal.

Persons: Kevin McCarthy, don’t, –, McCarthy, ”, ” McCarthy, “, I’ll, “ I’m, Matt Gaetz, Joe Biden, Gaetz, Eli Crane of, Dan Bishop of, Bob Good, Matt Rosendale, Ralph Norman of, Chip Roy, McCarthy’s speakership, “ We’ve, ” Good, Hakeem Jeffries, Gerry Connolly, Alex Wong, Don Bacon of Nebraska, Jim Jordan, Jordan, ” Jordan, Dusty Johnson, ” Johnson, he’s, Tim Burchett, Tony Soprano, Hunter Biden, Matt, I’m, ” Gaetz, Ken Buck, Ken Buck of Colorado, Norman, Andy Biggs, Marjorie Taylor Greene, Anna Moneymaker, wouldn’t, McCarthy’s, Roy, ” Greene, Greene, didn’t Organizations: CNN, ”, GOP, Caucus, Democrat, Republican Conference, Republican, Virginia Democrat, Florida Republican, U.S, Capitol, Biden, Ohio Republican, Tennessee Republican, McCarthy As, Senate, Freedom Caucus, Main, Democratic Locations: Florida, Eli Crane of Arizona, Dan Bishop of North Carolina, Virginia, Matt Rosendale of Montana, Ralph Norman of South Carolina, Texas, Washington , DC, McCarthy’s, Ohio, South Dakota, Gaetz, Ken Buck of, Arizona, Georgia, ”, Marjorie Taylor Greene of Georgia

When House Speaker Kevin McCarthy directed three House committees to proceed with an impeachment probe into President Joe Biden on Tuesday, despite an earlier commitment to put the question to a House vote in an apparent appeal to conservatives in his conference, he may have anticipated that his critics on the right would take a day off. But not long after, one of McCarthy’s fiercest agitators signaled it wasn’t enough. Political Cartoons View All 1154 ImagesAt the same time, the conservatives have put pressure on McCarthy to launch an impeachment inquiry into Biden, with Gaetz promising to bring up a vote for the speaker’s ouster should he get in the way of the probe. With little room left for maneuvering, the impeachment inquiry offered a possible off-ramp. Speaker, dust off our written January agreement,” Gaetz said, urging McCarthy to “comply” with the agreement by pursuing individual spending bills, not continuing resolutions, calling for votes on balanced budgets and term limits and subpoenaing Hunter Biden.

Persons: Kevin McCarthy, Joe Biden, Mr, Matt Gaetz, McCarthy, ” Gaetz, Biden, Gaetz, subpoenaing Hunter Biden, “ Organizations: ”, California Republican, House, Caucus Locations: Florida, California

“I personally would like to see the inquiry happen (this) week,” the Georgia Republican told CNN. The two chambers are hundreds of billions dollars apart and divided over controversial social issues that House Republicans have tacked on to their spending bills. “I am against a continuing resolution in any form or fashion,” Gonzales told CNN. “There is a constitutional and legal test that you have to meet with evidence,” Johnson told CNN. If McCarthy again defers an impeachment vote, it could enrage the right.

Persons: Kevin McCarthy, Joe Biden, Marjorie Taylor Greene, Biden, “, capitulating, Donald Trump, McCarthy, Steve Womack, –, hasn’t, Tony Gonzales, Womack, “ McCarthy, Dusty Johnson of, “ He’s, I’ve, Anna Moneymaker, It’s, Ben Cline of, ”, ” Johnson, ” Gonzales, I’m, Gonzales, Bob Good, Al Drago, Greene, ” Greene, Ken Buck, don’t, Johnson, Sen, Marco Rubio, ” Rubio, West Virginia Republican Sen, Shelley Moore Capito, ” Capito, impeaching Biden, Trump, ” Rep, Dusty Johnson, Alex Brandon, Cline, Matt Gaetz, Gaetz, @aoc, eric, Lauren Boebert, defers, ” Womack Organizations: CNN, Federal Aviation Administration, GOP, Georgia Republican, “, Biden, Republicans, Dusty Johnson of South Dakota, ”, Building, Department of Justice, Caucus, Freedom Caucus, Senate, Senate Democrats, Fox Business, Republican, Bloomberg, Getty, House Republicans, –, Street Caucus, Florida Republican, West Virginia Republican, Capitol Locations: Washington, Ukraine, That’s, Arkansas, Tony Gonzales of Texas, Dusty Johnson of South, Washington , DC, Ben Cline of Virginia, Virginia, Ken Buck of Colorado, Florida, South Dakota, ”, Colorado

☆ Here are 3 things for stock investors to watch in the market in the week ahead
▼ + stars: | 2023-09-09 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

It was a down week for the major stock market benchmarks as rumors of an iPhone ban for government employees in China sparked concerns over increasing tensions between Washington and Beijing. Here's a full rundown of all the important domestic earnings reports and economic data in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, Apple —, Jim, we'll, Einstein, Stellantis, We'll, That's, Oracle's, LEN, Jim Cramer's Organizations: Apple, Dow, Nasdaq, Broadcom, DuPont, Huawei, Nvidia, Apple Watch, Vision, Club, Google, Justice Department, United Auto Workers, General Motors, Chrysler, Ford, UAW, CPI, PPI, Oracle, Oracle Cloud Infrastructure, Microsoft, Costco, Caseys, Jim Cramer's Charitable, CNBC, Apple Inc, Getty Locations: China, Washington, Beijing, U.S, People's Republic of China, San Francisco, Shanghai

☆ How Parrot Analytics shook up Hollywood by picking streaming hits
▼ + stars: | 2023-09-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

The Hollywood strikes thrust Parrot Analytics, which measures film and TV demand, into the spotlight. Parrot Analytics, a decade-old research firm, has in recent years built a complicated reputation in Hollywood with its proprietary system for measuring audience interest in films and TV shows. As streaming consumption skyrocketed and companies like Netflix kept audience data under wraps, Parrot offered one of the few apples-to-apples measurements across different series and films. Some producers and agents say Parrot has brought much-needed transparency to content measurement. "Parrot Analytics would reward quite a few shows that weren't the most viewed shows in America," he wrote.

Persons: Wared Seger, Seger, Parrot, he's, Seger's, Nielsen, Discovery's Max, Julia Alexander —, —, It's, HBO's Casey Bloys, Avalon, Jon Thoday, Matthew Ball, shouldn't, Guy, aren't, it's Organizations: Hollywood, Netflix, SAG, Alliance, Producers, ABC, Nielsen, Disney, CAA, Amazon's, Writers Guild of America, Warner Bros, Amazon Studios Locations: Hollywood, LA, Seger, New Zealand, Boston, America

☆ Iga Swiatek, No. 1 Seed at U.S. Open, Loses in Fourth Round
▼ + stars: | 2023-09-04 | by ( Jesus Jiménez | More About Jesus Jiménez | ) www.nytimes.com time to read: 1 min

1 women’s player in the world, took the first set against Jelena Ostapenko on Sunday night, it seemed like business as usual. Swiatek, a four-time Grand Slam champion at 22, after all, was the reigning U.S. Open champion, and going into her match against Ostapenko, she had not dropped a set at this tournament. But while Swiatek is often able to cruise through matches, Ostapenko has been a bit of a thorn in her side. Ostapenko has been undefeated against Swiatek, and extended that to four wins with a victory on Sunday night, 3-6, 6-3, 6-1. When Ostapenko evened things up at a set apiece, Swiatek seemed to be out of her comfort zone.

Persons: Iga Swiatek, Jelena Ostapenko, Ostapenko, Swiatek Organizations: U.S, Ostapenko, Swiatek

Opposition candidates, including Gou, blame the DPP for provoking Beijing and stoking tensions, labeling the vote as a choice between war and peace. Meanwhile, the DPP’s candidate, Vice President Lai Ching-te, has framed the election as a choice between democracy and authoritarianism. Lai Ching-te, Taiwan's Vice President and presidential hopeful, meets the foreign press in Taipei on August 25. In addition to securing 290,000 votes before November, Gou also needs to announce his running mate before September 17, as required by Taiwan’s Central Election Commission. “Gou is really having a race against time, and time is really not in his favor,” Sung said.

Persons: Terry Gou, Tsai Ing, Xi, China –, Lai Ching, “ Don’t, ”, Lai, Taijing Wu, Priding, Foxconn, Gou, China’s, ” Gou, roiling, Hou Yu, Ko Wen, Hou, who’s, “, Ko, Sung, ” Sung Organizations: CNN, Democratic Progressive Party, Harvard, ”, Communist Party, Chinese Communist Party, Kuomintang, KMT, ih, New, Taiwan People’s Party, Australia National University’s Taiwan Studies, Reuters, Taiwan’s Locations: Taiwan, China, Ukraine, Beijing, Moscow, United States, Lai, Taipei, Shenzhen, Taiwan Strait, Diaoyutai, Foxconn, New Taipei City

☆ China's economy isn't on the verge of collapse, and markets are overlooking these indicators, China Beige Book says
▼ + stars: | 2023-08-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Chinese consumer spending rebounded in certain sectors, Shehzad Qazi told Bloomberg TV. But the managing director at China Beige Book added that property markets will remain a concern. "There's a dangerous consensus out there right now that China is on the verge of collapse. And while Qazi dismissed warnings about China's economy collapsing, he acknowledged it faces major headwinds. Qazi predicted that the real estate sector will remain a thorn for the Chinese economy in the longer term, as it undergoes a multi-year restructuring.

Persons: Shehzad Qazi, Qazi Organizations: Bloomberg, Service, CNBC Locations: China, Wall, Silicon

☆ Here are 2 major themes to watch in the week ahead after Friday's market rally
▼ + stars: | 2023-08-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

As August is known to be, it's been a rough month-to-date for all three of those stock market benchmarks so far. This past week, the overall market was oversold, according to Jim Cramer's trusted S & P Oscillator. After Friday's strong finish, we'll see if the market's oversold condition abates as two major themes play out in the week ahead: Earnings from two Club names — Salesforce (CRM) and Broadcom (AVGO) — and key economic reports ahead of September's Fed meeting. Outside of the labor market and inflation, we'll also get a look at the housing market with the pending home sales on Wednesday. As we heard from fellow Club name Palo Alto Networks (PANW) last week, companies are growing more cautious and more closely scrutinizing large sales deals.

Persons: Jerome Powell's, Powell, it's, Jim Cramer's, Friday's, —, It's, we've, we'll, we're, Salesforce, AVGO, We're, Brown, Forman, Campbell Soup, LULU, Jim Cramer, Jim, Angela Weiss Organizations: Nasdaq, Federal, Nvidia, Dow Jones, Broadcom, Fed, Labor, Club, Palo Alto Networks, VMWare, HEICO Corporation, Bank of Montreal, BMO, Bank of Nova, Hewlett Packard Enterprise, HP, PVH Corp, Patterson Companies, Veeva Systems, UBS, Academy Sports, Hormel, Signet Jewelers, Dell Technologies, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Jackson Hole , Wyoming, China, Bank of Nova Scotia, New York City

☆ On tap next week: Two key inflation reports and 4 Club earnings releases. Here's what we're looking for
▼ + stars: | 2023-08-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Economic releases : The Labor Department releases its monthly consumer price index and producer price index on Thursday and Friday, respectively. For that reason, we'd be content if the July figure doesn't indicate a resurgence of rising wholesale costs, which is a concern given a recent uptick in energy prices. On Tuesday before the opening bell, Club holding Eli Lilly (LLY) reports. Finally, Club names Walt Disney (DIS) and Wynn Resorts (WYNN) will report on Wednesday after the closing bell. In preparation for these releases, be sure to check out our first-quarter earnings report card .

Persons: we'll, Knight, Eli Lilly, We'll, donanemab, Walt Disney, We're, Tyson, Henry Schein, Li Auto, Armour, WEN, Ralph Lauren, Price, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Labor Department, Reserve, Manufacturing, ADP, Fitch, AAA, U.S ., PPI, Coterra Energy, Walt, Wynn Resorts, Disney, Tyson Foods, TSN, KKR, Energy, Paramount, UPS, Barrick, Duke Energy, Restaurant Brands, Warner Music, Fox Corp, NRG Energy, AMC, Bros, Endeavor, IAC, Sony, SONY, Brookfield Asset Management, WYNN, Trade, Novo Nordisk, US Foods, News Corp, Air Canada, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, Mounjaro, Hollywood, Las Vegas, Boston, Macao, PENN, Valvoline, VVV, Credicorp, New York City

☆ AI is supposed to make our jobs easier. These workers disagree
▼ + stars: | 2023-07-22 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

“In the next few years, the main impact of AI on work will be to help people do their jobs more efficiently,” Microsoft co-founder Bill Gates said in a blog post recently. Big Tech companies are now rushing to jump on the AI bandwagon, pledging significant investments into new AI-powered tools that promise to streamline work. News outlet CNET had to issue “substantial” corrections earlier this year after experimenting with using an AI tool to write stories. Others like Clarke, the publisher, have tried to combat the fallout from the rise of AI by relying on more AI. “You listen to these AI experts, they go on about how these things are going to do amazing breakthroughs in different fields,” Clarke said.

Persons: hasn’t, Neil Clarke’s, Clarke, “, ” Clarke, “ It’s, ChatGPT, Bill Gates, it’s, Shakked, Neil Clarke, Lisa R, Clarke Mathias Cormann, ” Cormann, ’ Ivana Saula, Saula, ” Saula, ”, Gizmodo Organizations: CNN, Microsoft, Big Tech, Massachusetts Institute of Technology, MIT’s Department of Economics, Clarkesworld Magazine, Organization for Economic Co, Development, “ Workers, International Association of Machinists, Aerospace Workers, ” Workers, CNET, Star Locations: Shakked Noy, MIT’s, newsrooms

Mr. Cohen has said that the Trump Organization initially paid these bills but halted payments after he agreed to cooperate in the investigations. Mr. Cohen was once a close ally of Mr. Trump — a trusted lieutenant whose job it became to clean up his boss’s messes. Soon afterward, Mr. Cohen paid Ms. Daniels $130,000 to keep silent. The legal pressure placed a strain on his relationship with Mr. Trump, and the men had a falling out. In April, Mr. Trump filed his own lawsuit against Mr. Cohen, accusing the former fixer of betraying his confidences and “spreading falsehoods about him.” That lawsuit, filed in federal court in Florida, was not part of the settlement talks.

Persons: Cohen, Robert S, Mueller, Trump, Stormy Daniels, Daniels, Cohen’s, Trump’s, Alvin L, Bragg Organizations: Trump Organization, Trump, Mr Locations: Manhattan, Florida

☆ Prigozhin calls Russia's war on Ukraine 'a disgrace' in another public affront despite Kremlin efforts to silence him
▼ + stars: | 2023-07-19 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Yevgeny Prigozhin is alive and well at a camp in Belarus with his exiled Wagner troops. In a new video, Prigozhin criticized Russia's war in Ukraine again, calling it "a disgrace." Prigozhin has repeatedly called out Russian military leadership — and lived to tell the tale. In a new video posted Wednesday, Wagner Group founder Yevgeny Prigozhin once again criticized Russia's war in Ukraine, calling it "a disgrace." Wagner troops may return to Russia, but only when they "are confident that we will not be forced to shame ourselves," he assured.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, —, he's, Wagner's, hasn't, Vladimir Putin's, Putin, weren't, Alexandr Lukashenko, haven't Organizations: Service, Wagner Group, Kremlin Locations: Belarus, Ukraine, Wall, Silicon, Africa, Russia, Russian, Moscow, St . Petersburg

☆ Airlines have tried to fight the computer whiz who popularized 'skiplagging' in court. Their lawsuits have been either thrown out or settled.
▼ + stars: | 2023-07-17 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

United and Southwest Airlines have both previously filed lawsuits against Skiplagged CEO Aktarer Zaman. Airlines like United and Southwest have tried to fight the computer whiz whose website Skiplagged helped popularize the idea. However, the airlines' lawsuits against Skiplagged CEO Aktarer Zaman have been either thrown out or settled. Southwest went after Skiplagged with a lawsuit in 2021In 2021, Southwest Airlines took at turn going after Skiplagged. "Neither Skiplagged nor Kiwi is authorized to display Southwest fares or sell Southwest flights," the airline's lawyers wrote in the suit.

Persons: Aktarer Zaman, Skiplagged, Orbitz, Zaman, United, Kiwi.com Organizations: United, Southwest Airlines, Skiplagged, Morning, Zaman, CNN, Southwest, Atlanta News Locations: Southwest, Chicago , Illinois, New York City, Texas

☆ New Hampshire GOP Gov. Chris Sununu says the 'No Labels' political movement is 'tapping into what America is looking for right now'
▼ + stars: | 2023-07-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

The No Labels group on Monday will release a policy document which could be a blueprint for a White House bid. Many Democrats have blasted No Labels' recent activities, saying they could hurt Biden's reelection bid. The group strongly backs the Second Amendment, but also believes in universal background checks and restrictions on semiautomatic rifles. Chris Sununu, who floated a potential 2024 presidential bid but opted out of a campaign, told The Times that No Labels has found a political lane that is appealing to many Americans. "I'll give them credit in that No Labels seems to be tapping into what America is looking for right now," he told the newspaper.

Persons: Sen, Joe Manchin, Jon Huntsman Jr, Biden's, Democratic Sen, West Virginia —, Joe Biden's, Huntsman, Barack Obama, Donald Trump, —, Donald Trump's, Chris Sununu Organizations: Democrats, Service, The New York Times, Saint Anselm College, Democratic, Republican Gov, New Hampshire Republican Gov, Times Locations: New Hampshire, Wall, Silicon, Manchester, N.H, West, Utah, China, Russia, America

☆ Hua Hsu Wants to Know Who Wrote the Zine ‘Secret Asian Man’
▼ + stars: | 2023-07-13 | by ( ) www.nytimes.com time to read: +3 min

A collection of these issues would undoubtedly be my favorite book that no one has heard of. I’ve always wanted to know who made this zine, and if there are any issues I am missing, and if I could republish them. Because of some scheduling issues, the only free days to do the audiobook came at the end of July. The day I had to narrate the book’s central trauma landed on the actual day it had happened 24 years earlier. But the best form of creative expression that takes friendship as a central concern is rap music.

Persons: Breton, Philippe Soupault’s, Hegel, “, ”, I’ve, Andrew O’Hagan’s “, ” Ann Patchett’s “, Gail Caldwell’s “, Tracey Thorn’s “ Organizations: Village Locations: Seattle , New York, Paris

The money men aiding Robert Kennedy Jr.’s political surgeAs the 2024 race heats up, President Biden faces a persistent thorn in his side: Robert Kennedy Jr., the scion of the Democratic dynasty, who both touts an array of fringe theories and boasts surprisingly durable poll numbers. The Times notes that Mr. Kennedy is drawing support from an array of political outsiders. But perhaps his most powerful base is a group of financial and tech moguls, including the Twitter co-founder Jack Dorsey, who have given him money and something arguably more important: exposure. That includes things like cryptocurrency — he has spoken at industry conferences and accepts campaign donations in Bitcoin. Mr. Kennedy has also embraced some of their favored podcasts, speaking with popular hosts like Joe Rogan and the venture capitalists behind the show “All-In.”And in endorsing Mr. Kennedy, Mr. Dorsey (who’s also a major Bitcoin booster) cited the candidate’s criticism of government censorship.

Persons: Robert Kennedy Jr, Biden, Kennedy, Jack Dorsey, Joe Rogan, Mr, Dorsey, who’s Organizations: Democratic, Twitter Locations: Bitcoin

☆ Analysis: Belarus leader, long the supplicant, feted in Russia after mutiny role
▼ + stars: | 2023-06-27 | by ( Andrew Osborn | ) www.reuters.com time to read: +5 min

[1/2] Russian President Vladimir Putin and Belarusian President Alexander Lukashenko speak during a meeting at the Bocharov Ruchei residence in Sochi, Russia June 9, 2023. It was Lukashenko, according to his own narrative and Putin, who played a major role in ending a mutiny that threatened to destabilise the world's largest nuclear power. "Without Putin's support, the Lukashenko regime will not be able to survive," exiled Belarusian opposition leader Sviatlana Tsikhanouskaya said on Twitter. High-profile Russian state TV presenter Vladimir Solovyov said Lukashenko deserved to be made a Hero of Russia and Dmitry Peskov, Putin's spokesman, on Tuesday lavished praise on the Belarusian leader. Independent Belarusian media outlet Zerkalo (the Mirror), which monitored Belarusian state TV coverage of Lukashenko's role, cited presenter Yevgeny Pustovoi as saying that Minsk was becoming "the peacemaker of Slavic civilisation".

Persons: Vladimir Putin, Alexander Lukashenko, Russia's Vladimir Putin, Wagner, Lukashenko, Putin, Yevgeny Prigozhin, Prigozhin, you'll, Sviatlana Tsikhanouskaya, Vladimir Solovyov, Russia, Dmitry Peskov, Yevgeny Pustovoi, Zerkalo, Andrew Osborn, Mike Collett, White, Alex Richardson Organizations: Belarusian, Sputnik, REUTERS LONDON, Twitter, Russia's, Duma, NATO, Independent, Thomson Locations: Sochi, Russia, Kremlin, defusing, Belarusian, Moscow, Soviet, Belarus, Independent Belarusian, Minsk

☆ Siemens Energy shares plunge more than 37% as wind turbine worries deepen
▼ + stars: | 2023-06-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Siemens Energy shares plunged over 37% on Friday after the company scrapped its profit forecast and warned that costly problems at its wind turbine unit could last for years. The company, born from the spinoff of the former gas and power division of German conglomerate Siemens , announced late Thursday that a review of issues at subsidiary Siemens Gamesa had found a "substantial increase in failure rates of wind turbine components." "It is too early to have an exact estimate of the potential financial impact of the quality topics and to gauge the impact of the review of our assumptions on our business plans," Siemens Energy said in a statement. "However, based on our initial assessment as of today, the potential magnitude of the impact leads us to withdraw the profit assumptions for Siemens Gamesa and consequently the profit guidance for Siemens Energy Group for fiscal year 2023." Siemens Gamesa has been a thorn in the side of its parent company since its full takeover late last year.

Persons: Siemens Gamesa Organizations: Siemens Energy, Siemens, Siemens Gamesa, Siemens Energy Group

Malindi, Kenya CNN —The reddish soil of the Shakahola forest is still giving up its terrible secrets. The cult was preparing for the end of the world under the instruction of their its powerful pastor, say investigators. Many find it difficult to comprehend the dark path that Pastor Paul Nthenge Mackenzie allegedly took his followers along. Yasuyoshi Chiba/AFP/Getty ImagesAt a recent hearing Mackenzie denied all knowledge of the horrors that witnesses, inspectors, and survivors believe happened in the Shakahola forest. ‘Intoxicating power’To understand the Shakahola cult, the focus must be on Mackenzie, says Rick Ross, a leading American cult expert who has studied destructive cults for decades.

Persons: Paul Nthenge Mackenzie, Paul Mackenzie, David McKenzie, ’ ”, Agnes, Mackenzie, “, ”, Yasuyoshi Chiba, Rick Ross, “ It’s, Ross, Charles Manson, David Koresh, Joseph Kibwetere, Geoffrey Wango, Wango, Ruto, Nxivm, God, Naomi Kahindi's, Mwangi, Francis Wanje, Wanje’s, It’s, Wanje, Khalid Hussein, Mackenzie's, Monicah Mwangi, Jesus, couldn’t, didn’t, David Man’ong’o Organizations: Kenya CNN, CNN, Good News International Ministry, Criminal Investigations, Getty, Nairobi University, Kenyan, Reuters, . Police, Public Prosecutions Locations: Malindi, Kenya, Galilee, Bethlehem, Shakahola, AFP, American, Africa

June 15 (Reuters) - Defense startup Mach Industries has raised $5.7 million in a seed round led by Sequoia Capital, the first-ever defense tech investment in the venture capital giant's history, the two companies said. "Defense technology is central to our safety. However, aging defense systems and ailing supply chains mean the U.S. has a big opportunity to innovate in service of national security," Shaun Maguire, partner at Sequoia, who led the deal, told Reuters via email. "There is a major modernization effort underway to advance the U.S. defense technology and build a new generation of military systems." Founded by MIT dropout and Thiel Fellow Ethan Thornton in 2022, Mach Industries focuses on building a hardware solution using field-sourced hydrogen creation and combustion techniques.

Persons: Shaun Maguire, Ethan Thornton, Mach, We've, ” Thornton, Thornton, Krystal Hu, Leslie Adler Organizations: Defense, Industries, Sequoia Capital, U.S, Department of Defense, Sequoia, MIT, Mach Industries, Reuters, Pentagon, Thomson Locations: Silicon Valley, U.S, Austin , Texas, Boston, Austin, San Francisco

☆ Russia's Lancet drone is hampering Ukraine's counteroffensive, smashing Western gear and exposing poor air defenses
▼ + stars: | 2023-06-13 | by ( Kieran Corcoran | Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

Footage of destroyed Ukrainian vehicles is spreading, often attributed to the Lancet drone. Russian officials have gleefully shared videos of piled-up wreckage, and often cited as the cause the Russian-made Lancet drone. A still image from a video claiming to show the moment just before Russia's Lancet drones hit a cluster of vehicles. obtf_kaskad/TelegramA still image from a video purporting to show the moment just before Russia's Lancet drones hit a cluster of vehicles. "We should also note that we don't know how many of these new Lancet drones Russia has," he added.

Persons: —, James Patton Rogers, Rogers, Olga Skabeyeva, Vladimir Solovyov, Axel Springer, Patton Rogers, Julian Röpcke, Lancets Organizations: Service, Cornell Tech Policy Institute, University of Southern, Donetsk People's, Russian, IRIS, Air, Ukraine — Locations: Ukraine, Russia, Russian, —, University of Southern Denmark, Donetsk People's Republic, Germany, Ukrainian

☆ PREVIEW Cricket-Australia braced for England storm with Ashes on the line
▼ + stars: | 2023-06-13 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

England made a first-day record 506 runs in 75 overs in the first test against Pakistan in Rawalpindi. "Every Ashes series gets the juices flowing but there's added excitement this time around," former England skipper Nasser Hussain told The Metro. "That's because of the brand and style of cricket this England side are playing. "I think England are marginal favourites just because Australia haven't won over here for such a long time but it's very hard to call. All I know is there won't be too many draws," former England captain Michael Atherton said.

Persons: Brendon, Baz, McCullum, Ben Stokes, Stokes, Pat Cummins, Steve Smith, Marnus, Travis, Mitchell Starc, Josh Hazlewood, Nasser Hussain, Stuart Broad, Ollie Pope, Broad, James Anderson, Ollie Robinson, Mark Wood, Moeen Ali, England's, Jack Leach, Australia haven't, Michael Atherton, Martyn Herman, Christian Radnedge Organizations: Australia, Pakistan, New Zealand, England, India, Cummins, Metro, Thomson Locations: England, India, New Zealand, South Africa, Pakistan, Rawalpindi, Edgbaston, Australia, London, Lord's

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