DIRS.INFO The most relevant business & tech news

☆ JPMorgan Chase's drawn-out breakup with Jeffrey Epstein
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

Several months later, in October 2006, JPMorgan categorized Epstein as a "high-risk" client, according to a transcript of Dimon's deposition in May. Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. A 'faithless servant'One person who might know much more about the tangled relationship between Epstein and JPMorgan is Jes Staley. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

Persons: —, Morgan Stanley, Lehman Brothers —, Jamie Dimon, Jeffrey Epstein, Leon Black, Bill Clinton, Donald Trump, Epstein, Jes Staley, Staley, Jeffrey Epstein's, Michelle Licata, Courtney Wild, Stephanie Keith, Jane Doe, JP Morgan —, Epstein —, jes staley, Patricia Wexler, Wexler, Dimon, Barry Krischer, JPMorgan, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Frank Haberstroh, Haberstroh, Les Wexner, Wexner, Tom Williams, JP Morgan, Little, Little Saint James, Epstein's, Jim Spellman, Staley didn't, Morgan, James, Emily Michot, Bill Gates, Larry Summers, Woody Allen, Stephen Cutler, Cutler, Mary Erdoes, Erdoes, Youngbee Dale, Dale, JPMorgan Chase, Michael M, NYDFS, Bernie Madoff, Cecile de Jongh, Joe Shmoe, Jacob Shamsian Organizations: JPMorgan, Highbridge Capital Management, Citigroup, Lehman Brothers, titans, Apollo, US, US Virgin Islands, Bloomberg TV, Financial, US Department of, Treasury, Getty, BSA, Polaris Market Research, United Nations University Centre, M2C Model, Palm, JPMorgan Chase, Washington D.C, Inc, Apollo Global Management, The New York Times, Little Saint, Virgin, U.S ., Miami Herald, Tribune, Service, Microsoft, Columbia University, Mountain Capital, DOJ, New, Deutsche Bank, New York Department of Financial Services, Virgin Islands, Barclays, Authority, Wall Street Journal Locations: York, Manhattan, New York, US Virgin, dimon, Palm Beach , Florida, New York City, UN, Paris, Washington, Prague, thomas, Wexner, Little Saint, I'm, Little St, U.S, U.S . Virgin Islands, Staley, Dimon's, Virgin, British

☆ 'Lots of smoke. Lots of questions': Internal emails show JPMorgan Chase execs worried about the bank's ties to Jeffrey Epstein. So why did it take so long to cut him loose?
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

That, of course, is the billion-dollar question: What did JPMorgan, America's largest bank, know about Epstein's alleged sex trafficking? Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. Lots of questions," declared a senior JPMorgan compliance officer reviewing Epstein's accounts as part of that 2011 compliance review, according to court papers filed by the US Virgin Islands. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

☆ Tim Cook bets his legacy on augmented reality
▼ + stars: | 2023-06-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

David Paul Morris/Getty Images Cook speaks in front of an image of an iPhone 4S at Apple headquarters in 2011. Yui Mok/PA Images/Getty Images Tim Cook puts on a Boston Red Sox jersey before a baseball game between the Red Sox and the Detroit Tigers in June 2017. Justin Sullivan/Getty Images Tim Cook signs the box of a new iPhone X at an Apple Store in Palo Alto in November 2017. Andrew Harrer/Bloomberg/Getty Images Cook speaks via video conference at a House Judiciary subcommittee hearing on online platforms and market power in July 2020. In pictures: Apple CEO Tim Cook Prev NextFollowers of the company are divided on what the headset could ultimately mean for Cook.

Persons: Tim Cook, Steve Jobs, Cook, It’s, … it’s, ”, Margaret O’Mara, Andrew Burton, Phil Schiller, Jobs, David Paul Morris, Apple, Tom Williams, Marcio Jose Sanchez, Bono, Justin Sullivan, Tony Avelar, Stephen Lam, George Washington University's, Alex Brandon, Stephen Colbert, Jeffrey R, Pope Francis, Shutterstock Cook, Maddie Ziegler, AirPods, Monica Davey, James Corden, Pharrell, Beck Diefenbach, Reuters Cook, Yui Mok, Billie Weiss, Donald Trump, Jonathan, Oprah Winfrey, Win McNamee, Theresa Goh, Edgar Su, Andrew Harrer, Graeme Jennings, Noah Berger, Sajid Moinuddin, India's, Francis Mascarenhas, Brooks Kraft, it’s, Mike Bailey, “, Tim Bajarin, ’, ” Bajarin, Bajarin, they’ll Organizations: New, New York CNN, Apple, Vision, Apple Watch, University of Washington, Washington Post, Getty, Reuters, Alamy, Homeland Security, Governmental, Flint Center, Performing Arts, Cook, CBS, Serviziofotograficoor, Primary School, Boston Red Sox, Red Sox, Detroit Tigers, American Technology, White House, Steve Jobs Theatre, Carnegie Library, Central Public Library, Bloomberg, Singapore, Apple Worldwide, Conference, Epic Games, Apple Inc, FBB Capital Partners, Jobs Locations: New York, Cupertino , California, Cupertino, Palo Alto , California, Palo Alto, San Francisco, Down, London, Washington , DC, Oakland , California, Mumbai

☆ Fact Check-Image is not authentic George Santos mug shot
▼ + stars: | 2023-05-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A cropped photograph of U.S. Representative George Santos taken in the Capitol in 2021 has been shared with the false claim that it is a mug shot of the newly-indicted Republican. The original image captured in January 2021 by photographer Tom Williams shows Santos walking down a hallway in the U.S. Capitol Building (here). Attorneys' Offices, Eastern District of New York, told Reuters that no mug shot was released, adding that the release of mug shots is against Department of Justice policy “unless there’s some larger public safety need, like an ongoing manhunt” (bit.ly/41DGRqE). A spokesperson for Santos’ office did not immediately respond to a request for comment. The photograph was taken while Santos was walking down a hallway in the U.S. Capitol Building in January 2021.

☆ Confused about the debt ceiling? Here's what you need to know
▼ + stars: | 2023-05-09 | by ( Emma Kinery | ) www.cnbc.com time to read: +6 min

What is the debt ceiling? Unlike a credit card, though, the expenses were already approved by Congress, so the debt ceiling does not pertain to new spending. The debt ceiling was last raised in December 2021 by $2.5 trillion, capping the limit at $31.381 trillion. If Congress does not agree to lift the debt ceiling, the government will not have money to pay its bills and will default on its debt. The White House has remained steadfast that it is Congress's responsibility to raise the debt ceiling without conditions, as was done three times under the Trump administration.

☆ Hakeem Jeffries is enjoying an early honeymoon leading House Democrats. But one day, he'll have to make 'hard commitments.'
▼ + stars: | 2023-05-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +16 min

House Democrats say Hakeem Jeffries is a better listener and is more consensus-oriented than Pelosi. There's one big reason for it: House Democrats can't pass any of their own bills right now. Pelosi and Jeffries on the House floor after she announced she would step down from party leadership on November 17, 2022. 'He gets it'Jeffries, 52, has enjoyed a rapid ascent to the top of the Democratic caucus. "There were always very different views within the Democratic caucus on people who voted their district," said Slotkin.

☆ Legislation Aims to Increase Live-Ticketing Competition
▼ + stars: | 2023-04-26 | by ( Anne Steele | ) www.wsj.com time to read: 1 min

Richard Blumenthal and Amy Klobuchar are sponsoring the Unlock Ticketing Markets Act. Photo: Tom Williams/Zuma PressSenators on Wednesday introduced legislation aimed at improving competition in live ticketing by preventing ticketing companies from locking up venues in long-term exclusive contracts. The move follows a Senate hearing in January on Ticketmaster’s Taylor Swift ticketing problems last fall. The Unlock Ticketing Markets Act, sponsored by Sens. Amy Klobuchar (D., Minn.) and Richard Blumenthal (D., Conn.), would allow the Federal Trade Commission to prevent the use of “excessively long” multiyear exclusive contracts with event venues that the senators say lock out competitors, discourage innovation of new services and increase costs for fans.

☆ The FTC Is Working With the EU to Hamstring U.S. Companies
▼ + stars: | 2023-04-20 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Federal Trade Commission Chair Lina Khan Photo: Tom Williams/Zuma PressOnce upon a time U.S. officials tried to protect American companies from zealous foreign regulators. Not in the Biden Administration, where Federal Trade Commission Chair Lina Khan is aiding and abetting foreign governments against U.S. business interests. Ms. Khan’s foreign collusion came up during a House hearing on Tuesday when she was grilled about recent revelations that her office is helping Europe target U.S. tech companies. She’s also trying to reduce protections for American multinationals in negotiations over the Indo-Pacific Economic Framework (IPEF).

☆ George Santos has a possible challenger, as ex-Democratic Rep. Tom Suozzi considers a run for his old seat
▼ + stars: | 2023-04-13 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Rep. Tom Suozzi, D-N.Y., left, and George Santos, (R-NY) conducts a news conference to advocate for inclusion of the state and local tax (SALT) deduction in the Build Back Better Act reconciliation bill, outside the U.S. Capitol on Wednesday, December 8, 2021. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images)Former Democratic Rep. Tom Suozzi of New York is telling political leaders and wealthy donors that he is considering running for his old seat held by embattled Republican Rep. George Santos, according to people with direct knowledge of the matter. Suozzi defeated Santos during his last run for Congress in 2020. He has name recognition and is a prolific fundraiser, which could make him a frontrunner in a Democratic primary for Santos' seat. Democratic businessman Robert Zimmerman, who lost to Santos in 2022, has not ruled out running again for the seat.

☆ TikTok wants its advertisers to know the 'myths vs. facts' after its CEO's day in Congress
▼ + stars: | 2023-03-28 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Now, it seems, TikTok wants to clear up some facts that lawmakers may have gotten wrong. TikTok wants to clear up "Myth vs Fact." After the TikTok CEO's 5-hour hearing at Congress last Thursday, the company wants to reassure advertisers that it'll be fine. The document states: "TikTok does not permit any government to influence or change its recommendation model." Advertisers make up a large chunk of TikTok's user base, which the company says is now at 150 million monthly active users in the US.

Reps. Jim Jordan, R-Ohio, and Ken Buck, R-Colo., are seen during a House Judiciary Committee markup in Rayburn Building on Wednesday, May 8, 2019. The GOP also doesn't want to give the Biden administration more power and resources, House Judiciary Chairman Rep. Jim Jordan, R-Ohio, told CNBC in a separate interview. "We just felt that Thomas Massie was a good fit with how we were structuring the Judiciary committee. While the tech companies may be spared costly new regulations that threatened to break them apart — for now — the industry may not be totally safe from scrutiny on Capitol Hill. Though it passed through the Senate Judiciary Committee and similar legislation advanced out of the House Judiciary Committee, it didn't get to the floor of either chamber for a vote.

☆ Trump's lawyers keep getting in trouble with judges. Here are the 17 sanctioned so far.
▼ + stars: | 2023-03-14 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

Lawyers representing Trump keep getting sanctioned by courts. Many of Trump's lawyers, even if they are not sanctioned, end up needing lawyers of their own to ward off the worst consequences. Insider identified 17 lawyers who have been personally sanctioned because of their work for Trump. The least successful, however, was a sprawling lawsuit Trump filed against Hillary Clinton, the Democratic National Committee, and several other figures linked to Clinton's 2016 presidential campaign. He was part of Trump's "Elite Strike Force" of lawyers trying to convince judges to cancel votes and have Trump declared the victor.

☆ Something broke, but the Fed is still expected to go through with rate hikes
▼ + stars: | 2023-03-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Both Bank of America and Citigroup said they expect the Fed to make the quarter-point move, likely followed by a few more. Moreover, even though Goldman said it figures the Fed will skip in March, it still is looking for quarter-point hikes in May, June and July. "We think Fed officials are likely to prioritize financial stability for now, viewing it as the immediate problem and high inflation as a medium-term problem," Goldman told clients in a note. Krosby said the Fed is likely at least to discuss the idea of holding off on an increase. "They should telegraph [before the meeting] to the market that they're going to pause, or that they're going to continue fighting inflation.

☆ Fed's Powell heads to Capitol Hill this week, and he's going to have his hands full
▼ + stars: | 2023-03-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

It was made worse by the Fed not recognizing it in 2021," said Komal Sri-Kumar, president of Sri-Kumar Global Strategies. "If you're going to have a no-landing scenario, then you're going to accept 5% inflation, and that's politically unacceptable. He has to work on bringing inflation down, and because the economy is so strong it's going to get delayed. 'Ongoing increases' aheadFor his part, Powell will have to find a landing spot between the competing views on policy. However, Guha said that Powell is unlikely to tee up the half-point, or 50 basis point, rate hike later this month that some investors fear.

☆ GOP Rep. Andy Ogles claimed to fight international sex crimes and be an economic expert. Like George Santos, his real resume tells another story.
▼ + stars: | 2023-02-17 | by ( Katherine Long | Bryan Metzger | Jack Newsham | ) www.businessinsider.com time to read: +14 min

Rep. Andy Ogles (R-TN) claims he's a real estate magnate, policy expert, and sex crime investigator. Ogles' business experience seems to be limited to owning two restaurants, a short-lived travel agency, and becoming licensed as an insurance agent. Ogles' supposed experience rescuing sex trafficking victims helped propel him into national headlines in his first week in Congress. During one debate during his campaign, Ogles described himself as "a former member of law enforcement" who worked "in international sex crimes, specifically child trafficking." Fighting international sex crimes and traffickingWhen discussing his support for a more militarized border with Mexico, Ogles has repeatedly referenced his involvement in combating human trafficking and working to fight international sex crimes.

☆ IRS commissioner nominee to 'ensure that America's highest earners comply with tax laws.' Here are the key takeaways from Senate hearing
▼ + stars: | 2023-02-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | ReutersPresident Joe Biden's nominee to lead the IRS answered questions during a Senate Finance Committee hearing this week, highlighting key issues from lawmakers on both sides of the aisle. If I am fortunate enough to be confirmed, the audit and compliance priorities will be focused on enhancing IRS' capabilities to ensure that America's highest earners comply with tax laws. Daniel Werfel IRS Commissioner nominee"Just because [Werfel's hearing] was smooth doesn't mean there won't be a fairly charged environment with the House in Republican hands and the election coming," Everson said. During fiscal 2022, millionaires faced a 1.1% chance of an IRS audit, according to a recent report from Syracuse University's Transactional Records Access Clearinghouse.

☆ Meet the GOP leaders in charge of critical House environmental committees
▼ + stars: | 2023-02-15 | by ( Emma Newburger | ) www.cnbc.com time to read: +9 min

Westerman, a representative for Arkansas's fourth congressional district, has a background in engineering and is a licensed forester. He's also introduced legislation to plant 1 trillion trees globally by 2050 in order to pull carbon out of the atmosphere. Cathy McMorris Rodgers, chair of House Committee on Energy and CommerceRep. Cathy McMorris Rodgers (R-WA) during a House Energy and Commerce Environment and Climate Change Subcommittee hearing on Capitol Hill on April 2, 2019 in Washington, DC. "We'll be focusing on promoting innovative technologies to facilitate our clean energy transition," Lucas told CNBC. Lucas said the committee would also conduct "robust oversight" of the spending being distributed to advance the country's clean energy sector.

☆ 1870 pin meaning: What the buttons and crayon lapel pins Congress wore to the State of the Union stand for
▼ + stars: | 2023-02-08 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +3 min

President Joe Biden gave his second State of the Union address on Tuesday. Two pins — one that reads '1870' in white text atop a round black pin and various colored crayon-shaped pins with the Crayola logo — have garnered attention. 1870 PinRep. Ilhan Omar, D-Minn., conducts a television interview before President Joe Biden's State of the Union address in the U.S. Capitol on Tuesday, February 7, 2023. "153 years after the murder of Henry Truman, the Black community is still waiting for justice," Rep. Watson Coleman said. Crayola Crayon PinA lawmaker wears a pin of a white Crayola crayon during the State of the Union address in the House Chamber of the US Capitol in Washington, DC, on February 7, 2023.

☆ Democrats renew push for national paid family and medical leave program
▼ + stars: | 2023-02-03 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Had a federal paid leave policy been in place, many of those women may have been able to stay employed, she said. "Imagine if, during the pandemic, we had had a national paid leave program," Gillibrand said. The Family and Medical Insurance Leave Act, or FAMILY Act, was reintroduced by lawmakers including Gillibrand and Rep. Rosa DeLauro, D-Conn., with the goal of creating the first paid national family and medical leave program. "It is a reasonable, pragmatic way to get to paid family leave," Duckworth, who is a co-sponsor of the bill, told CNBC.com in an interview. The Education Support Professionals Family Leave Act would provide education support workers such as school bus drivers with unpaid leave under FMLA.

☆ Geoff Morell: Fired Disney exec had a short, very lucrative tenure at the company
▼ + stars: | 2023-01-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

He became Disney’s chief corporate affairs officer January 24, 2022, and the company promptly announced Morrell’s departure in late April. That $4 million will be in addition to the $8.3 million in compensation reported for last year. The former Disney PR chief received more than $100,000 a day for his short tenure at the media company in 2022. Before that he helped see BP (BP) through the Deepwater Horizon disaster and the resulting oil spill. Morrell’s departure from Disney was announced within days of that dust-up.

☆ Sam Bankman-Fried has serious beef with FTX's new boss, John Ray III
▼ + stars: | 2023-01-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

John Ray, CEO of FTX Group, described a litany of amateurish business practices used to run the multibillion-dollar exchange. This much we know for certain: Sam Bankman-Fried and FTX's new boss, John Ray III, are not each other's biggest fans. From their comments, we can see that they disagree on how to run a company, where certain cash went, and who can repay who. It doesn't take a stoic to make Bankman-Fried look chatty, given the extensive media tour he embarked on after FTX went under. And strangely, as the boss and former boss duke it out, FTX's native token FTT is quietly skyrocketing again.

☆ We asked House lawmakers about scandal-plagued Rep. George Santos. Most Republicans want nothing to do with him.
▼ + stars: | 2023-01-14 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +18 min

But Santos is clearly a problem for House Republicans. But three days later, Miller — who actually represents Ohio's 7th district — became the eighth House Republican to publicly call for Santos to resign. said Republican Rep. Ralph Norman of South Carolina, who said that Santos "seems nice" even as he appeared unaware of the extent of his controversies. At a press conference on Thursday, House Minority Leader Hakeem Jeffries pointedly declared that Santos was "an issue that Republicans need to handle." Santos and Ocasio-Cortez briefly spoke on the sidelines of a gaggle of GOP lawmakers on the House floor on Wednesday, January 4.

☆ The 6 possible ways Rep. George Santos' situation gets resolved
▼ + stars: | 2023-01-12 | by ( Madison Hall | ) www.businessinsider.com time to read: +8 min

U.S. Rep. George Santos (R-NY) watches proceedings during the fourth day of elections for Speaker of the House at the U.S. Capitol Building on January 06, 2023 in Washington, DC. Anna Moneymaker/Getty ImagesRep. George Santos lied about his education, work history, and more while on the campaign trail. Additionally, fellow New York Rep. Anthony D'Esposito became the first Republican member of Congress to call for Santos to resign on Wednesday. Republican Rep. George Santos of New York in the House chamber on January 4, 2023. Needless to say, this is a rather unlikely outcome for the career of Rep. George Santos.

☆ House Republican files articles of impeachment against DHS Secretary Mayorkas
▼ + stars: | 2023-01-10 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

In the first week of the new GOP-led House, a Texas Republican has filed articles of impeachment against Department of Homeland Security Secretary Alejandro Mayorkas. Rep. Pat Fallon, in a document filed Monday night, accused Mayorkas of "high crimes and misdemeanors" in his role as Homeland Security chief. He has willfully abdicated his duties as Secretary of Homeland Security and actively misled Congress and the American people. To make any progress at our southern border, he must go.”Rep. Pat Fallon, R-Texas, at the Capitol on March 18, 2022. Rep. Andy Biggs, R-Ariz., first filed articles of impeachment against Mayorkas in August 2021.

☆ Banks take No. 1 spot, tech loses a market crown: The 2023 Just 100 rankings
▼ + stars: | 2023-01-10 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

1 on the 2023 Just 100 list, and it's not alone among peers. On last year's list, the top four spots all went to tech companies. "Banks have been steadily improving their game and that's the standout," he said of this year's Just 100 list. 71, making the cut for the Just 100 list. This year's top 10 still included five tech companies: NVIDIA , Microsoft , Hewlett Packard Enterprise , Apple , and Intel .

Search resuls for: "Tom Williams"

25 mentions found