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☆ New Boeing CEO to give clues about company's future, while striking workers vote on new contract
▼ + stars: | 2024-10-22 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +7 min

Now, new CEO Kelly Ortberg has the chance to share his vision for the troubled manufacturer, from a potential strike-ending labor agreement to a slimmed-down future. When he takes the mic for his first earnings call as Boeing’s CEO on Wednesday, more than 32,000 striking machinists will start voting on a new, sweetened contract proposal. “I think it’s going to be a tight vote,” Jon Holden, president of the International Association of Machinists and Aerospace Workers District 751, told CNBC on Tuesday. Narrowing businessesOrtberg, a longtime aerospace veteran who previously ran Rockwell Collins, took the reins at Boeing in early August. Mending ties with workers, stabilizing supply chainThe results of the union vote will come out hours after the earnings call.

Persons: Kelly Ortberg, “, ” Jon Holden, RTX, Neil Mitchill, Collins, Rockwell Collins, Robert " Kelly, Ortberg, ”, Ken Herbert, Julie Su, Holden, ” Holden, Joe Biden, Biden, —, Phil LeBeau Organizations: Boeing, International Association of Machinists, Aerospace Workers, CNBC, GE Aerospace, AFP, Getty, Air Force One, Workers, Puget, Labor, Spirit, Aerospace Industries Association Locations: underperformance, Seattle, South Carolina

☆ Stratospheric, AI-enabled robotic cameras on balloons could help you get your insurance claim check faster
▼ + stars: | 2024-10-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

New technology, however, using drones, artificial intelligence and weather balloons aims to modernize and accelerate that process. Near Space Labs, a Brooklyn, New York-based startup, invented "Swifts," or stratospheric, AI-enabled robotic cameras that fly on weather balloons. The giant weather balloons fly twice as high as airplanes cruise. Insurance and reinsurance companies, like Swiss Re, are using Near Space to help them understand and price risk. In addition to Third Sphere, Near Space Labs is backed by Crosslink Capital, Wireframe Ventures, IAG Firemark Ventures, Toyota Ventures and Leadout Capital.

Persons: Helene, Milton, Rema Matevosyan, Matevosyan, Shaun Abrahamson, Lisa Rizzolo Organizations: Space Labs, Labs, Swifts, Insurance, Swiss, Crosslink, Wireframe Ventures, IAG Firemark Ventures, Toyota Ventures, Leadout, CNBC Locations: Brooklyn , New York

☆ I'm a former divorce attorney. Here are 5 subtle red flags I learned to look out for in relationships.
▼ + stars: | 2024-10-22 | by ( Kelsey Eisen | ) www.businessinsider.com time to read: +5 min

I'm a former divorce attorney and can pick up on red flags in relationships around me. Many of my clients regretted ignoring the red flags they saw in their failed relationships. Below are five subtle red flags to consider when considering whether your partner is matrimony material. When you can't feel your own feelingsLet's say you discover your partner saw an ex and didn't tell you. So many of my clients regretted ignoring these kinds of red flags.

Persons: I'm, — Organizations: Service Locations: Vegas

☆ House panel releases report on first Trump assassination attempt
▼ + stars: | 2024-10-21 | by ( Annie Grayer | ) edition.cnn.com time to read: +2 min

CNN —The House task force investigating the first assassination attempt against former President Donald Trump released its interim report on Monday that included excerpts of new testimony from local law enforcement officials who provided firsthand accounts of the lack of communication and security failures at the Butler, Pennsylvania, rally. The testimony in the report from unnamed Butler officials details the chaotic sequence of events from when local officials first spotted the Trump rally gunman, Thomas Crooks, to when Crooks was finally shot down. The task force has also not received any evidence to suggest that the message from local law enforcement about Crooks possessing a weapon reached Trump’s Secret Service detail prior to shots fired, according to the report. The House voted on July 24 to create the bipartisan task force to investigate the attempted assassination. It will issue a final report on its findings no later than December 13, “including any recommendations for legislative reforms necessary to prevent future security lapses,” according to the text of the resolution the House passed.

Persons: Donald Trump, ”, Butler, Thomas Crooks, Crooks Organizations: CNN, Service, Homeland Security, Trump Locations: Butler , Pennsylvania

☆ BRICS: The West wants Putin isolated. A major summit he’s hosting shows he’s far from alone
▼ + stars: | 2024-10-21 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Brazilian President Luiz Inacio Lula da Silva was expected to join but canceled his trip after suffering an injury at home. “This BRICS summit is really a gift (for Putin),” said Alex Gabuev, director of the Carnegie Russia Eurasia Center in Berlin. Russian President Vladimir Putin, Chinese leader Xi Jinping, then-Brazilian President Jair Bolsonaro, South African President Cyril Ramaphosa and Indian Prime Minister Narendra Modi pose as they arrive for the BRICS summit in Brasilia in November 2019. While BRICS is primarily geared toward economic collaboration, its meeting last year took place in the shadow of the war in Ukraine. The gathering in Kazan also gives Putin ample opportunity for one-on-one facetime with his fellow BRICS leaders and other friendly dignitaries in attendance.

Persons: Vladimir Putin, –, Xi, India’s Narendra Modi, Iran’s Masoud, Cyril Ramaphosa, Recep Tayyip Erdogan, Luiz Inacio Lula da Silva, Putin –, Xi –, Putin, BRICS, Donald Trump, ”, Alex Gabuev, …, BRICS “, ” Gabuev, Xi Jinping, Jair Bolsonaro, Narendra Modi, Adriano Machado, Mahmoud Abbas, Israel –, Jonathan Fulton, Volodymyr Zelensky, Yevhen Titov, they’ll, Manoj Kewalramani Organizations: CNN, Carnegie Russia Eurasia Center, Indian, Reuters, International, Israel, Atlantic Council, United Nations General Assembly, US, New Development Bank, World Bank, International Monetary Fund, BRICS, Kremlin, Takshashila Locations: Ukraine, Moscow, Russian, Kazan, Brazil, Russia, India, China, South Africa, Egypt, United Arab Emirates, Ethiopia, Iran, Beijing, Tehran, United States, Berlin, Brasilia, Johannesburg, Israel, Gaza, Hezbollah, Lebanon, Abu Dhabi, “, Gabuev, BRICS, Kharkiv, Indian, Bangalore

WASHINGTON — With just two weeks left in the 2024 campaign, there currently are no plans for Vice President Kamala Harris to appear on the trail with President Joe Biden before Election Day, according to three Harris campaign officials and three White House officials. Biden last appeared with Harris at a campaign event nearly seven weeks ago, on Labor Day in early September. That’s a contrast to former President Obama, who has headlined a series of Harris campaign events, and former President Bill Clinton who has also been on the trail for the vice president. First lady Jill Biden has headlined multiple events for the Harris campaign as well and is set to hit the trail for her again on Wednesday in Nevada. White House and campaign officials say the president understands the strategy behind his downsized role in the campaign, even if at times he doesn’t like it.

Persons: Kamala Harris, Joe Biden, Harris, Biden, ”, “, “ Harris, Joe Biden’s, ” Harris, Trump, tethering Harris, ” Trump, Biden’s, Barack Obama, Michelle Obama, He’s, Obama, Bill Clinton, Jill Biden Organizations: WASHINGTON, White, White House, Democratic, Biden, Fox, NBC News, Philadelphia Democrats, Workers, Labor, Nevada . White Locations: Georgia, Michigan, New Hampshire, Philadelphia, Florida, North Carolina, Israel, Nevada ., U.S

☆ Israel’s ties with Europe strained by wars in Gaza and Lebanon
▼ + stars: | 2024-10-20 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Adding impetus to their effort is the fact Israeli military strikes are now hitting UN peacekeeping bases in southern Lebanon, which house European troops. European reproach of Israel reached new levels when Israeli military strikes began hitting posts of the UN peacekeeping mission in southern Lebanon. The UN has said Israel’s military has fired on its peacekeepers multiple times in recent weeks, injuring more than a dozen. ‘We have blocked everything’Italy’s Prime Minister Giorgia Meloni also condemned Israel’s actions in Lebanon, including an Israeli military strike that hit a UN peacekeeping base where around 1,100 Italian troops are stationed. In an earlier move that protested Israel’s war in Gaza, Spain, Ireland and Norway formally recognized Palestinian statehood in May.

Persons: CNN —, Benjamin Netanyahu, “, ” Hugh Lovatt, Josep Borrell, Ali Moustafa, ” Lovatt, ”, Biden, It’s, ” Borrell, Lovatt, Israel, Maya Sion, Netanyahu, António Guterres, Emmanuel Macron, “ Netanyahu, Macron, Carl Court, ” Macron, ” Netanyahu, Borrell, Guterres, Giorgia Meloni, ” Meloni, Meloni, Tzidkiyahu, Keir Starmer, of National Security Itamar Ben, Bezalel Smotrich, David Cameron, Ben Gvir, Smotrich, ” Ben Gvir’s, Chancellor Olaf Scholz, Israel “ Organizations: CNN, UN, EU, North Africa, Foreign Relations, Hamas, European Union, Red Crescent, Reuters, UNIFIL, Europe, Agence France, Presse, United Nations Interim Force, AFP, Israel, UK, Stockholm International Peace Research Institute, Foreign Affairs Council, Getty, of National Security, Finance, Sky News, DPA, Nazi Locations: CNN — Israel, Gaza, Lebanon, Israel, East, Berlin, Rafah, Egypt, United States, “, Iran, Spain, Ireland, Italy, France, Tzidkiyahu, Jerusalem, Paris, AFP, Marjayoun, Vichy, Stockholm, Germany, United Kingdom, Irish, Sion, Norway, Britain, Lebanese, Khiam, Palestine

☆ Boeing workers to vote on new proposal that could end strike
▼ + stars: | 2024-10-19 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +2 min

Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers’ aircraft production. The new proposal includes 35% wage increases over four years, a higher signing bonus of $7,000, guaranteed minimum payouts in an annual bonus program and higher 401(k) contributions among other changes. Acting U.S. Secretary of Labor Julie Su met with both parties earlier this week. Boeing later made a sweetened offer but the union blasted it saying it was not negotiated. On Oct. 11, he announced job cuts of 10% of Boeing’s workforce and that the company will stop making 767s when orders are fulfilled in 2027.

Persons: Labor Julie Su, Kelly Ortberg Organizations: Boeing, Labor, U.S, International Association of Machinists, Aerospace Workers

☆ Business Insider Subscriptions: Enjoy Premium News Stories
▼ + stars: | 2024-10-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +17 min

It isn't an accident that people who want to cancel a subscription often have to navigate a web of bureaucracy and confusion. "Actual affirmative consent from a consumer," Witte said, would establish trust between the consumer and the company, boosting loyalty. Along with litigation from the CFPB, state attorneys general have pursued legal action against big companies over hard-to-cancel subscriptions. Last year, Letitia James, New York's attorney general, sued SiriusXM over claims that the radio company trapped customers in subscriptions and maintained a complicated and burdensome cancellation process. AdvertisementIndustries have mastered techniques to maximize their profits by crafting their business models in confusing ways that can lure customers into a subscription without realizing it.

Persons: Doug Mattison, Mattison, —, he'd, I've, Florencia Marotta, Wurgler, Erin Witte, Witte, you've, TransUnion, Cuban, hadn't, it's, Rachel VonSiebenhoven, VonSiebenhoven, I'm, we've, Letitia James, SiriusXM Organizations: Federal Trade Commission, New York University, Consumer Federation of America, Consumer Financial, Bureau, Association of National, FTC, Cuban, Companies, Industries Locations: Ohio, Colorado, New

☆ Boeing machinists to vote on new proposal with 35% raises that could end strike
▼ + stars: | 2024-10-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. Boeing and its machinists' union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers' aircraft production. The strike began Sept. 13 after more than 30,000 machinists overwhelmingly rejected a tentative agreement that included 25% wage increases over four years. Boeing later made a sweetened offer but the union blasted it saying it was not negotiated. "We look forward to our employees voting on the negotiated proposal," Boeing said in a statement.

Persons: Labor Julie Su, Kelly Ortberg Organizations: International Association of Machinists, Aerospace Workers, Seattle Union Hall, Boeing, Labor, U.S Locations: Seattle , Washington

☆ D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products
▼ + stars: | 2024-10-19 | by ( Kenneth Squire | ) www.cnbc.com time to read: +12 min

Air Products provides industrial gases and related equipment in end-markets such as refining, chemicals, metals, electronics, manufacturing and food. These long-term contracts functionally guarantee an unlevered double-digit return before Air Products even needs to put a dollar into the ground. Investors appreciate companies like Air Products for their low-risk and highly stable cash-flowing operations. On Oct. 4, Mantle Ridge announced a more than $1 billion position in Air Products, and echoed a similar sentiment and identified similar issues as D.E. We strongly expect that many of Air Products' other shareholders are concerned about the same issue.

Persons: It's, Shaw, unadulterated, Praxair, Seifi, Linde, D.E, Seifi Ghasemi, Ghasemi, Samir Serhan, Mantle, Paul Hilal, Scott Sutton, Olin, Russell, Ken Squire Organizations: Air Products, Chemicals, Air Liquide, Linde, Products, Air, D.E, Technologies, Fidelity National Information Services, FedEx, Verisk, Healthcare Trust, 13D Locations: Saudi Arabia, Louisiana, Texas, D.E, Air

☆ Boeing and union leaders reach tentative deal to end strike
▼ + stars: | 2024-10-19 | by ( Nathan Rennolds | Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Boeing and union leaders have reached a deal that could end a weekslong strike. AdvertisementBoeing and leaders from a union representing striking machinists have reached a deal that could end a strike that has lasted over a month. About 33,000 Boeing workers have been on strike in the Pacific Northwest for over a month, halting much of Boeing's production. Bank of America analysts estimated that the strike is costing Boeing $50 million a day. Less than a week after the strike began, Boeing CEO Kelly Ortberg said the company would furlough white-collar workers in an email to employees.

Persons: —, Labor Julie Su, who've, Kelly Ortberg, Ortberg Organizations: Boeing, Service, International Association of Machinists, Aerospace Workers, Labor, Bank of America, Federal Aviation Administration, Alaska Airlines, Space Station Locations: Pacific Northwest

☆ A historically Black community grapples with lasting impacts after Baltimore bridge collapse
▼ + stars: | 2024-10-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +12 min

For their working-class, historically Black neighborhood, it was a lifeline to the outside world, a source of both pride and convenience. She doesn’t want to leave Turner Station, where her grandparents put down roots many decades ago. The federal government provided nearby housing only for white workers, so Black families started their own community in nearby Turner Station. He said Turner Station residents have expressed concern about potential damage to buildings from the seismic impact of the collapse. Meanwhile, Turner Station residents will be doing what they’ve done for generations: coming together and fighting for their community.

Persons: Baltimore’s Francis Scott Key, Minor, she’s, ruefully, ”, Courtney Speed, shouldn’t, “ We’ve, Turner, Speed’s Barber, “, ” Henrietta, Johns Hopkins, Robert Curbeam, Kweisi Mfume, Calvin Hill, “ It’s, Mfume, he’s, ” Mfume, Marquis Neal, Linwood Jackson, Jackson, ” Vernon Banks, There’s Gloria Nelson, there’s, Rashad Singletary, ” Singletary, God, He’s, nodded Organizations: Turner, Black steelworkers Turner, Black steelworkers, Bethlehem Steel, Turner Station, NASA, . Rep, NAACP, NFL, Democrat, ” Residents, football, Mount, Mount Olive Baptist Church Locations: Black, Turner, Baltimore’s, Baltimore, Southern, Congress, Baltimore County, Vietnam, Bethlehem, Avondale, Mount Olive

☆ What do we know about Israeli killing of Hamas mastermind and what happens next?
▼ + stars: | 2024-10-18 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

The Israeli military previously surrounded Sinwar’s house and carried out an intensive assault on his hometown of Khan Younis, but could not find him. The troops returned fire with a tank, then flew a drone into the heavily damaged building, according to the Israeli military. Sinwar had been trying to escape to the north when he was killed, said another Israeli military spokesperson on Thursday. The talks involved senior figures from Israel, Hamas, the United States, Qatar and Egypt. Mohammed Sinwar recently took over as Hamas’ military commander, a senior Israeli official told CNN last month.

Persons: Yahya Sinwar, Ismail Haniyeh, Benjamin Netanyahu, Sinwar’s, Khan Younis, Sinwar, biometrics, Mohammed Salem, Majdal –, ”, Israel, ’, it’s, Mohammed Deif, Joe Biden, Netanyahu, Mohammed Sinwar, Mohammed, Hassan Nasrallah, “ Sinwar, Mumen Khalili Organizations: CNN, Hezbollah, Sinwar, REUTERS, US Department of State, European Union Locations: Israel, Lebanon, Hamas, Iran, Gaza, Rafah, Jerusalem's Al, Gaza City, Al, Ashkelon –, United Kingdom, France, bunkering, United States, Qatar, Egypt

An independent, bipartisan review identified “numerous mistakes” by the U.S. Secret Service and “specific failures and breakdowns” that enabled the assassination attempt that injured former President Donald Trump in Butler, Pennsylvania, in July. “The Secret Service as an agency requires fundamental reform to carry out its mission," the members added. "Without that reform, the Independent Review Panel believes another Butler can and will happen again.”The Secret Service did not immediately respond to a request for comment on the review. “The increasing demand placed on the agency during this dynamic threat environment has resulted in our people being pushed to the limit,” said Anthony Guglielmi, chief of communications for the Secret Service. The group said it identified “deep flaws in the Secret Service, including some that appear to be systemic or cultural,” including a “lack of critical thinking among Secret Service personnel” and agents’ unwillingness to “speak up” regarding potential threats.

Persons: Donald Trump, ”, Alejandro Mayorkas, Butler, “, Anthony Guglielmi, Trump, Thomas Matthew Crooks, Crooks Organizations: U.S, Secret, Homeland, Service, NBC News, Trump, Trump Campaign, Trump’s Locations: Butler , Pennsylvania, Butler, Iran, Pennsylvania

The Archdiocese of Los Angeles has reached a historic $880 million settlement over hundreds of child sex abuse claims. The agreement in principle announced Wednesday settles 1,354 child sexual abuse claims, the plaintiffs’ attorney said in a news release. It is the largest single child sex abuse settlement with a Catholic archdiocese. In 2007, the archdiocese settled child sex abuse lawsuits with 500 victims for $660 million. No designated donations to parishes or schools will be used to finance the settlement, the archdiocese said in a statement issued after the settlement announcement.

Persons: ”, Morgan A, Stewart, José H, Gomez, “ Organizations: Catholic, Archdiocese, Angels, Google Locations: Los Angeles, California, “

☆ Lebanese nationals living in the US will be granted humanitarian relief as Israel-Hezbollah conflict continues
▼ + stars: | 2024-10-17 | by ( Kylie Atwood | Priscilla Alvarez | ) edition.cnn.com time to read: +3 min

CNN —Lebanese nationals residing in the United States will be granted a form of humanitarian relief, the Department of Homeland Security announced Thursday, citing ongoing armed conflict and conditions in Lebanon. White House officials have met with Lebanese Americans at least twice over the course of recent weeks, and there have been multiple virtual meetings and phone calls between Lebanese Americans and officials on VP Harris’ team where this issue has been raised, two Lebanese Americans familiar with the exchanges told CNN. In Michigan – where the Arab American community is a critical voting bloc – this move could boost Harris’ support, the Lebanese Americans familiar with the exchanges said. “TPS will allow us to protect Lebanese nationals who are already in the United States. Earlier this year, Biden granted Lebanese nationals in the United States temporary protections from deportation.

Persons: Biden, Kamala Harris ’, Harris, Alejandro Mayorkas, Alabas Farhat, ”, Joe Biden, Sens, Gary Peters, Dick Durbin, Ben Cardin Organizations: CNN, Department of Homeland Security, White, Lebanese, Homeland, TPS, Michigan –, “ TPS Locations: United States, Lebanon, Israel, Michigan, Lebanese

☆ Overseas UK territories are the ‘biggest enablers of corporate tax abuse,’ tax advocacy group says
▼ + stars: | 2024-10-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

Advocacy group Tax Justice Network has ranked the British Virgin Islands, followed by the Cayman Islands and Bermuda as "most complicit" in helping corporations underpay corporate income tax. Traffic_analyzer | Digitalvision Vectors | Getty ImagesBritish overseas territories are the world's top enablers of corporate tax abuse, according to a ranking by tax advocacy group Tax Justice Network. The British Virgin Islands is the territory "most complicit" in helping multinational corporations underpay corporate income tax, followed by the Cayman Islands and Bermuda, according to the latest update to TJN's Corporate Tax Haven Index earlier this month. TJN estimates that the UK and its British tax havens cost other countries an estimated $84 billion in corporate taxes annually. Defending themselves against the charges made by the advocacy group, spokespersons from some of the governments said they were in full compliance with international tax standards set by the Organisation for Economic Co-operation and Development.

Persons: FCDO, Broad, TJN, pushback Organizations: Tax, Network, Getty Images, Tax Justice Network, Corporate, TJN, CNBC, Switzerland, Organisation for Economic Co, Development, British, Foreign, Commonwealth, Development Office, OECD, CRS, Crown Dependencies, Overseas, BVI Finance, British Virgin Islands, UK Government, United Nations, UN Locations: British Virgin Islands, Cayman Islands, Bermuda, British, Singapore , Hong Kong, Netherlands, United Kingdom, Jersey, Overseas Territories, British Virgin, U.S, Australia, Canada, Israel, Japan, New Zealand, South Korea

☆ In the twilight of his term, Biden greets global audience weary of war and wary of US politics
▼ + stars: | 2024-10-17 | by ( Kayla Tausche | ) edition.cnn.com time to read: +7 min

“I think it would be a big mistake to underestimate the president,” Scholz told PBS ahead of NATO’s 50th anniversary summit in Washington. Biden has instead opted for “minilateralism,” what foreign policy experts have come to term his strategy for dealing with smaller coalitions of like-minded nations. “Ironically, it is precisely Biden’s caution that has encouraged continued Russian, Chinese, North Korean, and Iranian misbehavior,” Kempe writes. According to Pew Research Center polling on views of Biden across 34 countries, 63% of German respondents expressed confidence in Biden. In Poland – another country where aides have considered having Biden visit to tout Ukraine support – 70% of respondents express confidence in Biden.

Persons: Joe Biden’s, he’s, Olaf Scholz, Scholz, “, ” Scholz, Biden, Frank, Walter Steinmeier, Hurricane Milton, Volodymyr Zelensky, Fred Kempe, Biden didn’t, ” Kempe, Biden’s, ”, Richard Wike, Trump, Ukraine that’s, Zelensky, Barack Obama, Alexis Tsipras, Obama, ’ ” Obama Organizations: CNN, American, Hurricane, Biden, Russia, China, Atlantic Council, Pew Research, –, Global, Research, Trump, Greek Locations: Russia, Ukraine, NATO’s, Washington, Berlin, France, Germany, Israel, United Kingdom, Ukrainian, East, Iran, United States, Africa, Asia, North Korean, Poland, Kenya, Philippines, Greece, Athens

☆ Inside Blackstone's growing 'credit juggernaut'
▼ + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +7 min

Private lending is now Blackstone's largest business by assets, up 22% since last year. Inside Blackstone's growing "credit juggernaut." By contrast, Blackstone's private-equity business manages $344.7 billion, and its real-estate investing arm, the firm's largest business at the start of the quarter, has $325.1 billion. The largest third-party lenderWhile Blackstone now claims to be the largest third-party credit provider, Apollo is the largest non-bank lender with $562 billion in private credit assets under management. Blackstone's private credit arm has generated 16.7% in returns over the last twelve months, though falling interest rates "put some pressure on absolute returns," Gray said.

Persons: Jon Gray, —, Blackstone, Jonathan Gray, CLOs, Gray, Steve Schwarzman, that's, We're, It's, Schwarzman Organizations: Service, Blackstone, Canada, Plan Investment Locations: New York, Asia, Pacific

☆ Independent panel issues scathing report on Secret Service and recommends leadership overhaul after Trump shooting
▼ + stars: | 2024-10-17 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +5 min

“The Secret Service has become bureaucratic, complacent, and static even though risks have multiplied and technology has evolved,” the panel wrote in its report released Wednesday. A refreshment of leadership, with new perspectives, will contribute to the Service’s resolution of those issues,” the panel wrote. Kevin Mohatt/REUTERS/REUTERSUS Secret Service acting Director Ronald Rowe leaves after holding a press conference in Washington, DC, on September 20, 2024. These failures, the panel said, were part of a lack of critical thinking among Secret Service personnel responsible for security that day. The Butler, Pennsylvania campaign rally site is empty and littered with debris on July 13, 2024.

Persons: Alejandro Mayorkas, Donald Trump, Butler, Trump, rallygoer, Mark Filip, George W . Bush, Janet Napolitano, Barack Obama, Ronald Rowe, –, Kimberly Cheatle, Kevin Mohatt, Ben Curtis, ”, Evan Vucci, “, selflessness Organizations: CNN, of Homeland, Secret Service, Service, Homeland Security, Secret, Capitol, REUTERS, Getty, Butler, Republican, Trump, Pittsburgh Locations: Pennsylvania, Washington ,, Iran, Butler

☆ Archdiocese of Los Angeles agrees to pay $880 million to victims of clergy sexual abuse
▼ + stars: | 2024-10-17 | by ( Associated Press | ) edition.cnn.com time to read: +2 min

Los Angeles, California (AP) – The Archdiocese of Los Angeles has agreed to pay $880 million to victims of clergy sexual abuse dating back decades, in what an attorney said was the largest single child sex abuse settlement with a Catholic archdiocese, it was announced Wednesday. Attorney Morgan Stewart, who led the negotiations, said in a statement that the settlement is the largest single child sex abuse settlement with a Catholic archdiocese. “These survivors have suffered for decades in the aftermath of the abuse. The settlement will be funded by archdiocese investments, accumulated reserves, bank financing, and other assets. According to the archdiocese, certain religious orders and others named in the litigation will also cover some of the cost of the settlement, the Times said.

Persons: José H, Gomez, “, ”, Morgan Stewart, ” Stewart Organizations: –, Catholic, Los Angeles Times, United States, Attorneys, Times Locations: Los Angeles , California, – The, Los Angeles, United, “

Learn moreWhile Amazon Prime Day may not live rent-free in your head, it does for me. Multi-day battery lifeCheck mark icon A check mark. Comes with additional fill if you prefer a firmer pillowCheck mark icon A check mark. With Amazon Prime Big Deal Days out of the way for 2024, the next Amazon Prime-member exclusive deal event isn't until Prime Day 2025. You don't necessarily need to be an Amazon Prime member to score any of the discounts above or the deals on Amazon's deals page.

Persons: Dolby, It's Organizations: Business, Amazon, Deal, Coop Home, Amazon Fire, Amazon Apple, Keurig's Express, Amazon Prime

Amazon also announced a Kindle Scribe redesign, plus new generation models of the Kindle Paperwhite and base Kindle. Amazon Kindle Colorsoft Signature Edition The Kindle Colorsoft is Amazon's first color e-reader. Check price at AmazonAmazon Kindle Paperwhite (2024) Amazon's latest Kindle Paperwhite offers even faster performance than its predecessors in the same thin, waterproof form readers love. AdvertisementKindle Paperwhite (12th Generation)The new Kindle Paperwhite offers higher contrast than ever. AmazonAmazon’s fastest and most popular Kindle is about to get even faster with the 2024 Kindle Paperwhite.

Persons: It's, Scribe, It’s Organizations: Business, Kindle, Amazon hasn’t, Scribe Locations: Kindles

Having failed to secure a cease-fire, President Joe Biden’s administration is signaling that it supports Israel’s operations against Iran-backed Hezbollah and the group’s eventual withdrawal from southern Lebanon. Adopted by the United Nations in 2006 after the last major war between Israel and Hezbollah, 1701 was designed to pave the way for a lasting peace. With Hezbollah excluded, the Lebanese army and thousands of peacekeepers from the United Nations Interim Force in Lebanon (UNIFIL) would have maintained an armed presence south of Lebanon’s Litani River. Smoke billows during Israeli shelling on the southern Lebanese village of Kfar Kila in southern Lebanon. More than 2,000 people have been killed in Lebanon since the Oct. 7, 2023 attack and an estimated 1.2 million have been displaced, according to Lebanese officials.

Persons: Joe Biden’s, Matthew Miller, Rabih Daher, Benjamin Netayahu’s Organizations: ”, United, United Nations, United Nations Interim Force, Getty, Hamas, Palestinian, Israel, Biden Administration, UNIFIL Locations: Iran, Lebanon, Israel, United Nations, UNIFIL, Lebanon’s Litani, Lebanese, Kfar Kila, AFP, Gaza

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