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☆ Two killed as tornadoes, storms rip through Oklahoma
  + stars: | 2023-04-20 | by ( ) www.reuters.com   time to read: +1 min
April 20 (Reuters) - At least two people were killed in McClain County, Oklahoma, as severe thunderstorms and tornadoes swept through several regions of Central U.S. late on Wednesday, local authorities said. The storms resulted in at least two fatalities with crews responding to several people injured and trapped in their homes, McClain County Emergency Management said in a Facebook post, urging residents to stay out of the affected areas. The National Weather Service (NWS) had issued warnings for severe thunderstorms, hail, and tornadoes for Wednesday into the night across parts of the Central U.S. including Oklahoma, Kansas and Iowa. Strong thunderstorms with severe weather potential were forecast for Thursday morning into the afternoon, according to the NWS. Almost 20,000 customers in Oklahoma remained without power as of early Thursday due to the storms, according to the website poweroutage.us.
☆ Jack Teixeira's alleged Discord leaks show why the US should not give Top Secret clearances to 21-year-olds
  + stars: | 2023-04-15 | by ( Mattathias Schwartz | ) www.businessinsider.com   time to read: +9 min
Nevertheless, that looks to be the US intelligence community's approach to handling classified information. The tangled views of Jack Teixeira, who was indicted Friday in connection with leaking hundreds of classified documents to a private Discord server, are still coming into focus. There are classified phone systems, email systems, fiber optic cables, and a Wikipedia clone. Aside from the question of how many people have access to secrets, it's also worth considering how many of those supposed secrets belong on classified systems at all. Who was tracking the whereabouts of the volume of secret files he appears to have sent to the printer?
☆ JPMorgan CEO Jamie Dimon refused to answer a question on whether a second Trump term would be good for the US economy
  + stars: | 2023-04-07 | by ( Cheryl Teh | ) www.businessinsider.com   time to read: +3 min
Jamie Dimon did not respond to a query on whether a second Trump term could be good for the economy. "I'm not going to answer that question," Dimon told CNN's Poppy Harlow. "I'm not going to answer that question," Dimon said. "I think I could beat Trump," Dimon said at a JPMorgan Chase event, per CNBC. During the interview with CNN, Dimon told Harlow that his political philosophy remains the same: He said that his heart is Democratic, but his brain is Republican.
☆ Walmart set to reopen the Virginia store where six employees were shot and killed five months ago. It will include a memorial in their honor.
  + stars: | 2023-04-04 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +3 min
Walmart plans to reopen a store on April 19 after a mass shooting took place there in November 2022. The store will feature a memorial to honor the six workers who lost their lives in the shooting. "We are deeply touched by the community's compassion and support as we continue to heal from last year's tragedy," Alycia Mixon, the Walmart Chesapeake store manager, said in a press release. The reopened Walmart store in Chesapeake, Virginia, will feature a memorial to honor the six victims of the shooting. Are you a Walmart employee who works at the store in Chesapeake, Virginia?
☆ London's priciest townhouse just listed for $74 million. Here's what's hidden beneath it
  + stars: | 2023-04-03 | by ( Ray Parisi | ) www.cnbc.com   time to read: +9 min
Will PryceOne of the most expensive townhouses in London listed Monday for 60 million pounds (about $74 million). The home's subterranean level includes a swimming pool that spans 39 feet and a pool deck furnished with daybeds. Below the townhouse residences are subterranean parking spots that eliminate the need for on-street parking. Here's a closer look around — and under — London's newest $74 million listing, which is being sold fully furnished. This can be achieved on a subterranean level because the rear garden is one level below street grade.
☆ Illinois theater roof collapse sums up storm destruction
  + stars: | 2023-04-02 | by ( Kanishka Singh Ashraf Fahim | Kanishka Singh | Ashraf Fahim | ) www.reuters.com   time to read: +2 min
The deadly tragedy summed up the sudden destruction left by recent tornadoes that have ripped through the U.S. South and Midwest. Everything crashes down," Jessica Hernandez, who was inside the theater on Friday, told Reuters in an interview. A man aged around 50 was killed in the collapse and dozens were left injured, officials said. Over 40 people were treated at local hospitals following the roof collapse incident and most injuries included orthopedic, head and neurologic trauma, and soft tissue injuries, CBS News reported, citing a local doctor. In Illinois, three other people were killed in Crawford County after the collapse of a residential structure, the state Emergency Management Agency said on Saturday.
☆ Authorities search for more victims after tornado pummels Arkansas
  + stars: | 2023-04-01 | by ( Liliana Salgado | ) www.reuters.com   time to read: +3 min
LITTLE ROCK, Arkansas, April 1 (Reuters) - Arkansas first responders on Saturday will sift through debris for more possible victims after a fierce tornado sliced through the Little Rock area and northeastern part of the state, killing at least two people and injuring dozens of others. Two fatalities in Arkansas were reported in Wynne, about 100 miles (160 km) east of Little Rock, Governor Sarah Huckabee Sanders said on Friday night. One person was killed and more than 50 people hospitalized in North Little Rock, Pulaski County spokeswoman Madeline Roberts told the Washington Post. Although more than 30 people were taken to hospital in the Little Rock area, none had died as of Friday night, said Little Rock Mayor Frank Scott Jr., who added that the count remained imprecise. [1/9] A view of destroyed buildings following the tornado in Little Rock, Arkansas, U.S., March 31, 2023 in this picture obtained from social media.
☆ IMF approves $15.6 bln Ukraine loan, part of $115 billion in global support
  + stars: | 2023-03-31 | by ( Andrea Shalal David Lawder | Andrea Shalal | David Lawder | ) www.reuters.com   time to read: +5 min
WASHINGTON, March 31 (Reuters) - The International Monetary Fund said on Friday its executive board approved a four-year $15.6 billion loan program for Ukraine, part of a global $115 billion package to support the country's economy as it battles Russia's 13-month-old invasion. The Extended Fund Facility (EFF) loan is the first major conventional financing program approved by the IMF for a country involved in a large-scale war. Ukraine's previous, $5 billion long-term IMF program was canceled in March 2022 when the fund provided $1.4 billion in emergency financing with few conditions. The latest loan is expected to unlock about $100 billion worth of additional international support for Ukraine. An IMF official said the $115 billion package includes the IMF loan, $80 billion in pledges for grants and concessional loans from multilateral institutions and other countries, and $20 billion worth of debt relief commitments.
☆ Looming spring storm to spawn blizzards, ice, tornadoes across central U.S.
  + stars: | 2023-03-31 | by ( Steve Gorman | ) www.reuters.com   time to read: +4 min
Other cities potentially in harm's way but at lower risk for tornadoes included Chicago, Nashville, Tennessee, St. Louis, Missouri, Madison, Wisconsin and Des Moines, Iowa. "There's a potential for some very strong tornadoes and some tornadoes that could be on the ground for quite some time, especially in northern Arkansas and western Tennessee," said John Feerick, senior meteorologist at private forecasting service AccuWeather. Feerick said the storm system would intensify through Friday as the sprawling low-pressure system at its core moves farther eastward, drawing up greater moisture from the Gulf of Mexico. Dust storm warnings were in effect for portions of the Southern Plains. Reporting by Steve Gorman in Los Angeles; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
☆ Biden on Friday to visit Mississippi town devastated by tornado
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: 1 min
WASHINGTON, March 29 (Reuters) - U.S. President Joe Biden and first lady Jill Biden will visit Rolling Fork, Mississippi, on Friday after the town was devastated by a tornado last week that killed 26 people, the White House said. The Bidens will meet with first responders, state and local officials and people impacted by the recent storms, and survey recovery efforts, the White House said in a statement. The powerful tornado ripped through the town of 1,900 on Friday night, destroying many of the community's 400 homes. On Saturday, Biden ordered federal aid to supplement state, tribal and local recovery efforts in the affected areas. Reporting by Eric Beech; editing by Costas Pitas and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
☆ The SVB fallout has been a wake up call for startup founders. Many are rethinking their VC relationships: 'There's certain people I wouldn't want to take money from now.'
  + stars: | 2023-03-21 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +5 min
Startup founders are wary of some VCs after their actions during the SVB crisis. Some founders were disheartened by investor advice on what to do with their money in SVB. "There's certain people I wouldn't want to take money from now," Sami Khan, cofounder and CEO of mobile games company Atlas Reality told Insider. He adds that it's difficult to blame people, both investors and founders, for the decisions they make in fast-moving situations. Without access to the dependable venture debt SVB offered, more founders may be forced to turn to dilutive venture capital for financing instead.
☆ Banks could become a sector of 'haves and have nots.' How the 'Halftime' Traders are preparing
  + stars: | 2023-03-20 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
"This is a classic example of a company that's gonna do well when all the other banks are not," Sethi said on CNBC's "Halftime Report." Shares of New York Community Bancorp surged more than 35% Monday, rebounding from losses of 11.3% and 14.6%, respectively, the past two weeks. The announcement made her think, "the game has changed for New York Community Bank." "One bank's loss is going to be another bank's gain, and that's exactly what this is." NYCB FRC,KRE 1M mountain New York Community Bancorp, First Republic and the KRE's past month
☆ Factbox: Putin, quoting Confucius, heaps praise on Xi
  + stars: | 2023-03-20 | by ( ) www.reuters.com   time to read: +5 min
Both countries pursue an independent and autonomous foreign policy, and consider relations between China and Russia as one of the main priorities in diplomacy." "China and Russia adhere to the concept of eternal friendship and mutually beneficial cooperation." - Xi said he and Putin have met more than 40 times at different venues. - Putin speaks about the 'Power of Siberia' gas pipeline from Russia to China as the "deal of the century". - Putin said oil and coal deliveries had grown and that Russia is helping to build new nuclear power reactors in China.
☆ Xi: China's proposal on Ukraine reflects unity of global views
  + stars: | 2023-03-19 | by ( ) www.reuters.com   time to read: +2 min
March 20 (Reuters) - Chinese President Xi Jinping said on Monday that Beijing's proposal on how to solve the Ukraine crisis reflects global views and seeks to neutralise consequences, but acknowledged that the solutions are not easy. The China proposal, a 12-point paper released last month, represents "as much as possible the unity of the world community's views," Xi wrote in an article in Rossiiskaya Gazeta, a daily published by the Russian government, according to Reuters' translation from Russian. Xi has been seeking to present China as a global peace maker and project it as a responsible great power. A peaceful resolution to the situation in Ukraine, Xi wrote, would also "ensure the stability of global production and supply chains." "There is no universal model of government and there is no world order where the decisive word belongs to a single country," Xi wrote.
☆ Bodycam footage shows cops forcefully arresting a Black family at a Starbucks car park. A jury awarded them $8.25 million in damages.
  + stars: | 2023-03-16 | by ( Sophia Ankel | ) www.businessinsider.com   time to read: +4 min
A Black mother and her two daughters were detained at a Starbucks car park in California in 2019. A California jury awarded the family more than $8 million on Wednesday, court documents show. After an altercation, Holland ordered all three family members out of the car and detained them, the video shows. The Alameda County Sheriff's Office did not immediately respond to Insider's for comment. It happened in a Starbucks car park, not in the actual shop.
☆ Panic and recrimination: Inside Silicon Valley's first real financial crisis
  + stars: | 2023-03-16 | by ( Samantha Stokes | Ben Bergman | April Joyner | ) www.businessinsider.com   time to read: +21 min
Greg Becker, who was the longtime CEO of Silicon Valley Bank, pictured last year. "Looks like Silicon Valley Bank is in some deep shit," Uncommon Capital general partner Jamie Quint tweeted. Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse. Andreessen Horowitz announced this week that it will continue banking with Silicon Valley Bank "for the foreseeable future" but is crafting a longer-term plan to diversify. Even so, he added, "I think we'd be supportive, as they stabilize, for them to be one of many partners that our founders bank with."
☆ SVB fallout: What this means for regional banks
  + stars: | 2023-03-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSVB fallout: What this means for regional banksLiz Hoffman, Semafor business and finance editor, joins 'Squawk Box' to discuss whether the Federal Reserve's intervention has stopped things from happening in the SVB case, the venture capital community's social media response to SVB's fallout, and more.
☆ Bodycam footage shows cops forcefully arresting a Black family at Starbucks. A jury awarded them $8.25 million in damages.
  + stars: | 2023-03-09 | by ( Sophia Ankel | ) www.businessinsider.com   time to read: +4 min
A Black mother and her two daughters were detained at a Starbucks in California in September 2019. Bodycam footage shows the family were handcuffed after the mother refused to show her ID. A California jury awarded the family more than $8 million on Wednesday, court documents show. After an altercation, Holland ordered all three family members out of the car and detained them, the video shows. The Alameda County Sheriff's Office did not immediately respond to Insider's for comment.
☆ Russia tried to influence U.S. elections in 2022 and will do it again, nation's top intel agency says
  + stars: | 2023-03-08 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +3 min
Russia conducted malign influence operations in the 2022 U.S. midterm elections and is using increasingly clandestine means to "penetrate the Western information environment," the U.S. intelligence community said in a new report Wednesday. The 2023 report came four months after the most recent midterm elections, where concerns about Russian influence efforts were more muted in comparison with the two previous presidential election cycles in 2016 and 2020. Trump — who during that campaign had called on Russia to find his then-rival Hillary Clinton's emails — later questioned whether Russia interfered in the 2016 election. In 2022, for instance, the office determined that Russia "almost certainly" sees U.S. elections as opportunities for malign influence to influence its foreign policy goals. "These activities can include disseminating false content and amplifying information perceived as beneficial to Russian influence efforts or conspiracy theories."
☆ Ex-basketball star thought Nike and Adidas weren't doing enough for Black people—so he built a $30 million competitor
  + stars: | 2023-02-24 | by ( Tom Huddleston Jr. | ) www.cnbc.com   time to read: +2 min
Lanny Smith wants someone to challenge sportswear giants like Nike, Adidas and Reebok — so much that he's trying to do it himself. Smith, 38, is the founder and CEO of Actively Black, the sportswear company he launched in 2020 in the wake of George Floyd's death. Today, Actively Black is a multimillion-dollar brand, reportedly valued at $30 million in 2021. NBA star Stephen Curry was spotted wearing an Actively Black hoodie during a press conference last year, shortly after former President Barack Obama sported a watch the brand collaborated on. And we were going to build our own table," Smith says.
☆ Britain will help any country willing to send fighter jets to Ukraine, Sunak says
  + stars: | 2023-02-18 | by ( ) www.reuters.com   time to read: +1 min
MUNICH, Feb 18 (Reuters) - Britain stands ready to support any country that was willing to send fighter jets to Ukraine right now, Prime Minister Rishi Sunak said on Saturday, as he urged allies to maintain their support in the war against Russia. Britain has offered strong support to Ukraine since Russia's invasion nearly a year ago, including through the delivery of weapons and training of troops. It has so far refused to send fighter jets, saying the lengthy time needed to train pilots and substantial support crews required meant they would be of little immediate use, but Sunak told the annual Munich Security Conference on Saturday that Britain could help in other ways. "We will happily provide a system to any country that is able to provide Ukraine with fighter jets right now. Reporting by Muvija M and Kate Holton in London; editing by Jane Merriman and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
☆ How Putin's Russian goon squad used Mexican gig workers to troll an American election
  + stars: | 2023-02-18 | by ( Mattathias Schwartz | ) www.businessinsider.com   time to read: +25 min
Posting to social media sounded like an easy work-from-home gig, so he applied. This post from the Prigozhin-backed Social CMS network in Mexico referred to America as "we." He verified his account by providing chat transcripts, screenshots, contracts, and internal company documents. But just because Social CMS didn't yield an immediate, large-scale impact doesn't mean it should be ignored. "I didn't know who are you," wrote the person who is listed in the corporate directory as Prigozhin's media liaison.
☆ Mysterious object destroyed by a $400,000 Sidewinder missile may have been a $12 hobby group balloon
  + stars: | 2023-02-17 | by ( Tom Porter | ) www.businessinsider.com   time to read: +4 min
The mysterious objects shot down over the US may have been hobbyist or weather balloons. One balloonist club believes its $12 balloon may have been among the objects destroyed. The club said that it had been tracking the course of its silver pico balloon. A pico balloon can cost anywhere from $12 to $180. And they're going to look not too intelligent to be shooting them down," Ron Meadows, whose California company designs pico balloons told Aviation Week.
☆ The mystery objects shot down by US fighter jets were 'most likely' harmless civilian objects, Biden says
  + stars: | 2023-02-16 | by ( Nicole Gaudiano | Jake Epstein | ) www.businessinsider.com   time to read: +5 min
Three mysterious objects were shot down by the US military in North American airspace last weekend. The three unidentified objects are "most likely" just civilian objects, he said on Thursday. Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Biden on Thursday also said he's directed his team to create "sharper rules" for dealing with unidentified objects moving forward, distinguishing between those that pose a security risk and those that don't. In total, four objects — one Chinese surveillance balloon and the three smaller objects that remain unidentified — have been shot down over North American airspace since early February.
☆ TenneT, Germany's sonnen harness EV batteries to stabilise power grid
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: +2 min
FRANKFURT, Feb 15 (Reuters) - German solar firm sonnen said on Wednesday it has successfully stored excess grid power in electric car batteries owned by its customers to help stabilise power networks operated by Dutch company TenneT (IPO-TTH.AS), and will expand the business model. Sonnen supplies owners of photovoltaic (PV) installations for generating electricity from rooftop solar panels with storage batteries, to release power to the home when needed and to reduce purchases from the national grid. It introduced a digital "community" for buyers of its residential batteries in 2015 who share home batteries which were aggregated into a virtual power plant (VPP) in 2019. The project with TenneT, which operates 14,000 kms(8,699 miles) of high-voltage grids in Germany, extends to EV batteries as another storage medium, sonnen said in a statement. "Integrating electric cars into the power grid is an important milestone towards responding to the challenges of future power availability," said TenneT chief operation officer Tim Meyerjuergens.
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