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Inflation showed its sticky nature in July, rising slightly as increases in services costs offset a decline in the price of goods, the Bureau of Economic Analysis reported on Thursday. The personal consumption expenditures price index, a metric closely followed by the Federal Reserve, rose 0.2% for the month and 3.3% for the 12-month period. The core index, stripping out energy and food costs, rose 0.2% and 4.2%, respectively. “The decline in house prices appears to have abated, which means that the contribution from shelter to core inflation next year may stabilize if not increase. Upside inflation risk is also present in healthcare services where insurance prices are expected to rise this October along with a continued upward pressure on labor demand in the sector, thus suggesting higher wage costs.”

Persons: Joseph Brusuelas, Jerome Powell, ” Powell, ”, Shana Orczyk Sissel, Joe Davis Organizations: Economic, Federal, RSM, Dow Jones, Banrion Capital Management, Vanguard Locations: , Wyoming

☆ Sentencing of two ex-Proud Boys leaders postponed
▼ + stars: | 2023-08-30 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +5 min

[1/6] Proud Boys leader Enrique Tarrio gestures as he leaves the D.C. Central Detention Facility where he had been held since September 2021, in Washington, U.S., January 14, 2022. REUTERS/Evelyn Hockstein E/File photo Acquire Licensing RightsWASHINGTON, Aug 30 (Reuters) - The sentencing hearings for two former leaders of the right-wing Proud Boys who were convicted of seditious conspiracy and other crimes for the Jan. 6, 2021, assault on the Capitol by Donald Trump supporters were abruptly postponed on Wednesday. Former Proud Boys chairman Enrique Tarrio and another former leader Ethan Nordean were supposed to be the first of five Proud Boys to face sentencing this week, with three other co-defendants due to be sentenced on Thursday and Friday. Prosecutors are planning to ask U.S. District Judge Timothy Kelly to sentence Tarrio to 33 years in prison and Nordean to 27 years. Attorneys for Tarrio and Nordean will ask the judge to reject the terrorism enhancement request.

Persons: Enrique Tarrio, Evelyn Hockstein E, Donald Trump, Ethan Nordean, Nordean, Timothy Kelly, Tarrio, Stewart Rhodes, Joe Biden's, Trump, Biden, Jack Smith, Timothy James McVeigh, Joseph Biggs, Zachary Rehl, Biggs, Rehl, Prosecutors, Dominic Pezzola, Mark Ode, Pezzola, Sarah N, Lynch, Scott Malone, Alistair Bell, Mark Porter Organizations: REUTERS, Rights, Capitol, U.S, Attorney's, District of Columbia, Proud Boys, Prosecutors, Democratic, Republican, Tarrio, Oklahoma City, Rehl, Baltimore . Capitol Police, Capitol Police, Thomson Locations: Washington , U.S, Washington, Baltimore

☆ Ex-Proud Boys leaders face sentencing for Jan. 6 attack on U.S. Capitol
▼ + stars: | 2023-08-30 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +4 min

The attack was meant to stop Congress from certifying Democratic President Joe Biden's election, which Trump falsely claims was the result of widespread fraud. "These defendants and the men in their command saw themselves as the foot soldiers of the right — they were prepared to use, and they did use, force to stop the 'traitors' from stealing the election,'" federal prosecutors wrote in their sentencing memo. More than 1,000 people have been arrested on charges related to the Capitol assault, and of those at least 570 have pleaded guilty and 78 have been convicted at trial. All of the five defendants except Tarrio entered the Capitol during the attack. Capitol Police described at a hearing on Tuesday the toll the attack took on them.

Persons: Enrique Tarrio, Evelyn Hockstein E, Donald Trump, Timothy Kelly, Ethan Nordean, Stewart Rhodes, Joe Biden's, Trump, Biden, Jack Smith, Timothy James McVeigh, Tarrio, Joseph Biggs, Zachary Rehl, Biggs, Rehl, Prosecutors, Dominic Pezzola, Mark, Pezzola, Sarah N, Lynch, Scott Malone, Alistair Bell Organizations: REUTERS, Rights, Capitol, Prosecutors, U.S, Democratic, Republican, Tarrio, Oklahoma City, Rehl, Baltimore . Capitol Police, Capitol Police, Thomson Locations: Washington , U.S, U.S, Washington, Baltimore

☆ Proud Boys sentencing on Jan. 6 Capitol riot charges postponed after judge calls out sick
▼ + stars: | 2023-08-30 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Sentencing hearings for Enrique Tarrio and another Proud Boys leader in the Jan. 6 seditious conspiracy case were postponed Wednesday after the presiding judge called out sick, federal authorities told NBC News. Marshals Service told NBC that the sentencing was canceled because presiding Judge Timothy Kelly was sick. Ethan Nordean, a Proud Boys chapter leader who was set to be sentenced Wednesday afternoon, had his hearing rescheduled for Friday. Three of those co-defendants — Joseph Biggs, Zachary Rehl and Dominic Pezzola — have sentencing hearings scheduled for later in the week. Pezzola was the only one not found guilty of seditious conspiracy.

Persons: Enrique Tarrio, Donald Trump, Timothy Kelly, Ethan Nordean, Tarrio, Tarrio —, Merrick Garland, — Joseph Biggs, Zachary Rehl, Dominic Pezzola —, Biggs, Pezzola Organizations: NBC News, U.S, U.S . Marshals Service, NBC, CNBC, The Justice, DOJ, Pezzola Locations: Washington, Washington ,, Nordean

☆ Proud Boys leader Enrique Tarrio's sentencing was abruptly canceled
▼ + stars: | 2023-08-30 | by ( Sonam Sheth | Laura Italiano | ) www.businessinsider.com time to read: +3 min

Proud Boys Enrique Tarrio and one co-defendant were due to be sentenced Wednesday for their roles in the Jan. 6 Capitol riot. Prosecutors were seeking 33 years behind bars for Tarrio, who was convicted of seditious conspiracy and other charges in May. "Due to an emergency, the court is not proceeding today with sentencings in the Proud Boy cases," the Justice Department first said. An unrelated case also scheduled for Wednesday before US District Judge Timothy Kelly, the judge who would have sentenced Tarrio and Nordean, was also cancelled. "No emergency – Judge Kelly out sick," a spokesman for the US Marshals told Insider three hours after the cancellation.

Persons: Enrique Tarrio, Ethan Nordean, Timothy Kelly, Tarrio, Kelly, Joseph Biggs, Zachary Rehl, Joe Biden's, Donald Trump Organizations: Prosecutors, Service, Proud Boys, Washington, Justice Department, United States Marshals Service, Defense, DOJ, US, US Marshals, Tarrio, Boys, Capitol Locations: Wall, Silicon, Washington State, Ormond Beach , Florida, Philadelphia

☆ At the grave of Russia's Prigozhin, followers hail a warrior
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

[1/5] A view shows the grave of Russian mercenary chief Yevgeny Prigozhin at the Porokhovskoye cemetery in Saint Petersburg, Russia, August 30, 2023. REUTERS/Stringer Acquire Licensing RightsST PETERSBURG, Russia, Aug 30 (Reuters) - Followers of mutinous Russian mercenary Yevgeny Prigozhin laid flowers, messages and poetry at his grave on Wednesday, hailing him as a fearless warrior after he was killed along with his inner circle in a yet-to-be-explained plane crash. A man wearing the shirt of his Wagner mercenaries and a cap bearing the Russian flag was among those paying respects at the grave, where red roses and carnations graced a wooden Orthodox cross lablled "Prigozhin, Yevgeny Viktorovich 1961 - 2023". But after fighting for President Vladimir Putin in Ukraine, he challenged the Russian state openly. A picture of Prigozhin frowning and the text of Joseph Brodsky's "Nature Morte" lay on the freshly dug ground of his grave.

Persons: Yevgeny Prigozhin, Stringer, Prigozhin, Wagner, Yevgeny Viktorovich, Vladimir Putin, Putin, Sergei Shoigu, Joe Biden, frowning, Joseph Brodsky's, Guy Faulconbridge, Philippa Fletcher Organizations: REUTERS, Rights, St, Reuters, Kremlin, Thomson Locations: Saint Petersburg, Russia, PETERSBURG, St Petersburg, Moscow, Ukraine, Russian, Rostov

☆ Why the first European paintings of Australian animals look so alien to our eyes
▼ + stars: | 2023-08-24 | by ( Janelle Evans | University Of Melbourne | ) edition.cnn.com time to read: +6 min

To our modern eyes, the paintings lack the vitality and strength of the animals we are familiar with in Australia. So why did his paintings of the dingo and kangaroo — some of the earliest European representations of Australian animals — look so strange? "Pumpkin with a Stable-lad," a 1774 George Stubbs painting of the racehorse Pumpkin. But Stubbs’ kangaroo more closely resembles the rat-like Gerbua of Banks’ description than the creature we know today. My paintings of unfamiliar landscapes in Scotland and Ireland always seem to depict trees that look like eucalypts.

Persons: Joseph Banks, George Stubbs, Stubbs, ’ Stubbs, Banks, King George III, James Cook, “, King, ”, Sydney Parkinson, Kharbine, Captain James Cook, it’s, Janelle Evans Organizations: CNN, England, Endeavour, Royal, Society of Artists, Victorian College of the Arts, Faculty of Fine Arts and Music, The University of Melbourne, Creative Locations: England, Australia, Tahiti, Great Britain, London, Nations, Banks, Scotland, Ireland

☆ Proud Boys’ Enrique Tarrio, Joseph Biggs Should Get 33 Years Each, Government Says
▼ + stars: | 2023-08-18 | by ( Byron Tau | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/politics/national-security/proud-boys-enrique-tarrio-joseph-biggs-should-get-33-years-each-government-says-e5bd3ec9

Persons: Dow Jones, enrique, tarrio, joseph, biggs

☆ Proud Boys Enrique Tarrio, Joseph Biggs Should Get 33 Years Each, Government Says
▼ + stars: | 2023-08-18 | by ( Byron Tau | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/law/proud-boys-enrique-tarrio-joseph-biggs-should-get-33-years-each-government-says-e5bd3ec9

Persons: Dow Jones, enrique, tarrio, joseph, biggs

☆ 33 Years, Stiffest Jan. 6 Sentence So Far, Sought for Proud Boys Leaders
▼ + stars: | 2023-08-17 | by ( Alan Feuer | More About Alan Feuer | ) www.nytimes.com time to read: +1 min

Federal prosecutors recommended on Thursday that two top leaders of the far-right Proud Boys convicted of seditious conspiracy in the Jan. 6 attack on the Capitol be sentenced to 33 years in prison, the stiffest penalties requested so far out of more than 1,000 people charged in the sprawling investigation. In seeking to severely punish the two Proud Boys, Enrique Tarrio, the former chairman of the group, and Joseph Biggs, one of Mr. Tarrio’s top lieutenants, prosecutors asked the judge in the case to increase their sentences with what is known as a terrorism enhancement. “The defendants understood the stakes, and they embraced their role in bringing about a ‘revolution,’” the prosecutors wrote in a 155-page filing to Judge Timothy J. Kelly of the U.S. District Court in Washington. “They failed. They are not heroes; they are criminals.”

Persons: Enrique Tarrio, Joseph Biggs, Tarrio’s, ’, Timothy J, Kelly, “, ”, Donald J Organizations: Capitol, U.S, Trump Locations: Washington

☆ A New Role for Werner Herzog: the Voice of A.I. Poetry
▼ + stars: | 2023-08-14 | by ( Joseph Bernstein | ) www.nytimes.com time to read: +1 min

If artificial intelligence had a voice, what would it sound like? Calm, like HAL 9000? For the editors of “I Am Code: An Artificial Intelligence Speaks,” a collection of poems generated by A.I., the answer was obvious: Werner Herzog. The 80-year-old German director, actor and author is a titan of independent cinema whose films often concern the hubris and folly of humankind. His speaking voice, known to audiences mostly through the stark, literary voice-over narration that accompanies many of his documentaries, carries an existential pathos and Teutonic gravitas that have made it a pop culture trademark.

Persons: Werner Herzog, Brent Katz, Josh Morgenthau, Simon Rich, Herzog Organizations: HAL, Artificial Intelligence

He had a blank expression as he was led out of the courtroom in handcuffs by members of the U.S. A July 20 article in the New York Times contained excerpts from Ellison's personal Google documents prior to FTX's collapse. She described being "unhappy and overwhelmed" with her job and feeling "hurt/rejected" from her personal break-up with Bankman-Fried. Sassoon said the defendant would be able to access an internet-enabled laptop there to review evidence to prepare for trial. Reporting by Luc Cohen in New York; Editing by Jonathan Oatis, Noeleen Walder and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, District Judge Lewis Kaplan's, Caroline Ellison, Kaplan, Ellison, Barbara Fried, nodded, Joseph Bankman, Fried, Jane Rosenberg Bankman, Palo, Mark Cohen, Bankman, Cohen, Danielle Sassoon, Sassoon, Luc Cohen, Jonathan Oatis, Noeleen, Rosalba O'Brien Organizations: U.S, District, New York Times, Alameda Research, U.S . Marshals, Stanford University, REUTERS, Prosecutors, Times, Brooklyn's Metropolitan Detention, Correctional, Thomson Locations: U.S, Manhattan, Alameda, United States, New York, Palo Alto , California, New York City, Brooklyn's, Putnam

U.S. District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial. He rejected a defense request to delay Bankman-Fried's detention pending appeal of the bail revocation. Bankman-Fried has been largely confined to his parents' Palo Alto, California, home on $250 million bond since his December 2022 arrest. Kaplan said he was concerned that Bankman-Fried showed the writings to the reporter during an in-person meeting at his parents' home. Bankman-Fried sat with his shoulders hunched, leaning forward on the table and fidgeting with a Post-It note as he heard the judge order him detained.

Persons: Sam Bankman, Eduardo Munoz, District Judge Lewis Kaplan, Fried, Barbara Fried, nodded, Joseph Bankman, Palo, Caroline Ellison's, Ellison, Kaplan, Donald Trump, Britain's Prince Andrew . Bankman, Mark Cohen, Cohen, Danielle Sassoon, Sassoon, Luc Cohen, Jonathan Oatis Organizations: REUTERS, Eduardo Munoz NEW YORK, U.S, District, Alameda Research, U.S . Marshals, Stanford University, Alameda, New York Times, Attorney's, Times, Brooklyn's Metropolitan Detention, Correctional, Thomson Locations: New York, U.S, Manhattan, Alameda, Palo Alto , California, New York City, Brooklyn's, Putnam

☆ Connecticut's sprawling Copper Beech Farm estate sells for a record-breaking $139 million — see inside
▼ + stars: | 2023-08-05 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +1 min

The estate once held the record for the country's most expensive home sale at $120 million in 2014. The property's seller is an LLC with ties to financier Ray Dalio, the Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The seller of Copper Beech Farm was The Conservation Institute LLC, a Connecticut company that has ties to hedge fund billionaire Ray Dalio, the Wall Street Journal reported. Sotheby's International Realty's Leslie McElwreath and Joseph Barbieri represented the seller and Stephanie Bo Li of Douglas Elliman represented the buyer.

Persons: Ray Dalio, Ken Griffin's, Leslie McElwreath, Joseph Barbieri, Stephanie Bo Li, Douglas Elliman Organizations: Wall Street Journal, Service, Conservation Institute Locations: Wall, Silicon, Greenwich , Connecticut, New York City, Connecticut

☆ Connecticut law ending religious vaccine exemptions for children is upheld
▼ + stars: | 2023-08-04 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

REUTERS/Michelle McLoughlin/File PhotoNEW YORK, Aug 4 (Reuters) - A divided federal appeals court on Friday rejected a challenge to a Connecticut law that ended the state's decades-old religious exemptions from immunization requirements for children in schools, colleges and day care. Circuit Court of Appeals in Manhattan said ending religious exemptions, while still allowing medical exemptions, was a rational means to promote health and safety by reducing the potential spread of vaccine-preventable diseases. He said many U.S. courts have reviewed vaccination mandates for children that lack religious exemptions, and only one, in Mississippi, has ever found constitutional problems. Five other U.S. states--California, Maine, Mississippi, New York and West Virginia--also lack religious exemptions. Connecticut's law, signed by Governor Ned Lamont, does not apply to children from kindergarten to 12th grade who previously had received religious exemptions.

Persons: Michelle McLoughlin, Denny Chin, Chin, Barack Obama, Ned Lamont, Joseph Bianco, Donald Trump, Norm Pattis, Brian Festa, William Tong, Lamont, Jonathan Stempel, David Gregorio, Leslie Adler, Deepa Babington Organizations: Pfizer, REUTERS, U.S, Circuit, Patriots USA, CT, Alliance, COVID, Patriots, Connecticut Office, 2nd U.S, Thomson Locations: Storrs , Connecticut, U.S, Connecticut, Manhattan, Mississippi, California , Maine , Mississippi , New York, West Virginia, 2nd, New York

☆ Opinion | ‘Huberman Husbands,’ ‘Bro Diets’ and the ‘Masculine’ Branding of Fitness Culture
▼ + stars: | 2023-08-02 | by ( Jessica Grose | ) www.nytimes.com time to read: +2 min

It started with a suspicious green sludge at the bottom of our drinking glasses. I kept finding evidence of this murky, grassy sediment when I was unloading the dishwasher, and I asked my husband if he knew where it came from. He said something like, “Oh, that’s Athletic Greens” — a supplement powder that includes dehydrated fruits, vegetables and grains that you mix with water. And I would also hear him mention “zone 2” exercising — which, as a runner, I honestly wanted to know more about. (You can peruse mixed reviews on greens powders’ benefits here and here.)

Persons: Andrew Huberman, Canon, Joseph Bernstein, Huberman, Goop, ”, he’s Organizations: that’s Athletic Greens, Stanford, Athletic Greens

☆ The last time US debt was downgraded markets plummeted. Will it happen again?
▼ + stars: | 2023-08-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Fitch Ratings downgraded US long-term debt late on Tuesday from AAA to AA+, citing this spring’s debt ceiling standoff as a major reason. In the midst of the very tense debt ceiling standoff of 2011, Standard and Poor’s downgraded US debt for the first time in history. “My sense is that the Fitch downgrade of the US credit rating is an insignificant development and will not move financial markets or the economy,” said Joseph Brusuelas, chief economist at RSM US. “The majority of our clients’ investments in China are through index funds, and we are one of 16 asset managers currently offering US index funds investing in Chinese companies,” BlackRock said in a statement to CNN. “With all investments in China and markets around the world, BlackRock complies with all applicable US government laws.

Persons: New York CNN — Fitch, Fitch, ”, Joseph Brusuelas, ” Fitch, Larry Summers, Janet Yellen, “, Dow, BlackRock, Larry Fink, Henry Fernandez, MSCI, Mike Gallagher of, Raja Krishnamoorthi, ” BlackRock, ” MSCI Organizations: CNN Business, Bell, New York CNN, AAA, AA, RSM, Federal Reserve, Fitch, Treasury, US, Twitter, Dow Jones, Nasdaq, Tech, Nvidia, Apple, Microsoft, Congressional, Chinese Communist Party of, BlackRock, CNN, People’s Liberation Army, PLA, Republican, “ Locations: New York, America, United States, States, Mike Gallagher of Wisconsin, Illinois, MSCI, China

Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. Bankman-Fried has pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at Alameda. He said he submitted Tuesday's filing independently, as a constitutional law expert. Tribe published the major treatise "American Constitutional Law" in 1978 and was lead counsel in 37 Supreme Court cases. The case is U.S. v. Bankman-Fried, U.S. District Court, Southern District of New York, No.

Persons: Sam Bankman, Fried, Amr, FTX, Laurence Tribe, District Judge Lewis Kaplan, Caroline Ellison, Ellison, Tribe, Bankman, Kaplan, Joseph Bankman, Kaplan Hecker, Fink, Robert Bork's, Jonathan Stempel, Luc Cohen, Daniel Wallis Organizations: United, REUTERS, Harvard Law School, New York Times, District, Bankman, FTX, Alameda Research, Alameda, Prosecutors, Supreme, Court, Southern District of, Thomson Locations: New York City, U.S, Manhattan, Alameda, Southern District, Southern District of New York, New York

Government data released Tuesday showed that boom continued in June, with spending on manufacturing facilities up nearly 80 percent over the past year. The manufacturing sector as a whole has added nearly 800,000 jobs since Mr. Biden took office and now employs the most people since 2008. Measures by the University of Michigan and the Conference Board suggest consumers have grown happier with the current state of the economy and more hopeful about the year ahead. Hourly wages outpaced price gains in the spring for the first time in two years, giving consumers more purchasing power. National opinion polls still show a sour economic mood — but it appears to be improving slightly.

Persons: Biden, ”, Joseph Brusuelas Organizations: RSM, University of Michigan, Conference Board, New York Times, Siena College Locations: Siena

☆ Why Won’t Simon Ateba Stop Shouting?
▼ + stars: | 2023-07-26 | by ( Joseph Bernstein | ) www.nytimes.com time to read: +2 min

(Mr. Ateba currently has a “hard pass,” which confers regular access to White House grounds. After the meeting, which Mr. Ateba recalled as being cordial, Ms. Psaki did call on him during a briefing, on Sept. 1, 2021. Mr. Ateba asked a friendly question about whether Mr. Biden’s detractors should apologize for calling him “sleepy.”What followed, Mr. Ateba said, were several amicable months. Ms. Psaki and Mr. Ateba met privately again. As their briefing room exchange made the rounds on Twitter, Fox News invited Mr. Ateba to appear on “Tucker Carlson Tonight.”“I wondered, is it in my best interest?” Mr. Ateba recalled.

Persons: Ateba, don’t, Biden, Psaki, Biden’s, Dr, Anthony Fauci, Mr, Ms, “ It’s, “ Tucker Carlson, “, Jesse Watters, Trump Organizations: White House, Twitter, Fox News Locations: United States, Africa, Asia, Europe, South Africa

☆ SEC punts on whether syndicated loans are securities, in closely watched appeal
▼ + stars: | 2023-07-19 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Law firm alerts have gone so far as to call the appeal an “existential threat” to the entire syndicated loan market. The SEC later added to the suspense by requesting two more extensions from the 2nd Circuit, noting the complexity of the issue. On the other hand, any remaining uncertainty will be resolved as soon as the 2nd Circuit issues a ruling. But it’s a good bet that the trustee's lawyers from McKool will urge the 2nd Circuit to read the SEC’s silence as proof of the complexity of the issue. An earlier version incorrectly reported that Judge Michael Park was part of the 2nd Circuit panel that heard oral argument.)

Persons: Cromwell, JPMorgan Chase, Marc Kirschner, Paul Gardephe, Manhattan, Gardephe, McKool Smith, Jose Cabranes, Joseph Bianco, Myrna Perez, ”, Malcolm Stewart, Christopher Johnson, McKool, SEC wouldn’t, Michael Park, Alison Frankel, Leigh Jones Organizations: Sullivan, U.S . Securities, Exchange Commission, U.S, Circuit, SEC, 2nd, JPMorgan, Millennium, U.S . Justice Department, District, Trading Association, Securities Industry, Financial Markets Association, Justice Department, U.S . Treasury Department, Thomson, Reuters Locations: U.S .

He was expected to be arraigned Friday after his arrest Thursday night in Manhattan, said Suffolk County Police Commissioner Rodney K. Harrison. "We anticipate an indictment later on this afternoon," said Harrison, whose agency and the Suffolk County district attorney are leading the investigation. According to NBC New York, Gilbert was not the only victim who was a sex worker. In May 2022, Suffolk County police released 911 audio related to Gilbert's disappearance. The development comes after a multi-agency task force made up of FBI, New York State Police and Suffolk County authorities was established in February 2022 to "reinvigorate" the investigation.

Persons: Rex Heuermann, Rodney K, Harrison, Shannan Gilbert, Sherre Gilbert, I'm, Rex, Steve Bellone, Emma Tang, Melissa Barthelemy, Megan Waterman, Amber Lynn Costello, Maureen Brainard, Jessica Taylor, Taylor, Valerie Mack, Mack, Gilbert, Joseph Brewer, Gilbert didn't, Michael Pak, Mike, Brewer, Pak, let's Organizations: Suffolk County Police, NBC News, Attorney's, News, NBC, FBI, New York State Police Locations: Long, Massapequa, N.Y, Manhattan, Suffolk County, New York City, Nassau County, Suffolk, Gilbert, New Jersey, Oak Beach, Barnes, Manorville, Gilbert's, NBC New York

☆ China's consumer-driven sectors are a 'sweet spot' and opportunity for investors, says KKR
▼ + stars: | 2023-07-10 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

From pet food to liquor and lighting fixtures, global investing firm KKR is putting its money behind a suite of consumer-driven sectors in China, departing from a singular focus on technology. And our core focus has really been around the sweet spot of what we think the market opportunity is — domestic consumption," KKR's co-CEO Joseph Bae told CNBC's "Squawk Box Asia." KKR also has an active presence in different parts of China, with offices in capital Beijing, Shanghai and Hong Kong. "We've invested in companies like the largest pet food company in China, the largest lighting fixtures company in China, retail pharmacy chains in China, domestic liquor and alcohol brands in China... All consumer driven," Bae elaborated. Last month, China's State Council proposed measures to boost the consumption of household products, without going into details.

Persons: KKR's, Joseph Bae, CNBC's, We've, Bae Organizations: KKR, China's Locations: China, Beijing, Shanghai, Hong Kong

☆ Biden to meet with Zelensky during NATO summit
▼ + stars: | 2023-07-10 | by ( Arlette Saenz | ) edition.cnn.com time to read: +3 min

Vilnius, Lithuania CNN —President Joe Biden will meet with Ukrainian President Volodymyr Zelensky at the NATO summit on Wednesday, an official familiar with the meeting has confirmed. “I don’t think there is unanimity in NATO about whether or not to bring Ukraine into the NATO family now, at this moment, in the middle of a war,” Biden told CNN’s Fareed Zakaria last week. Biden and Zelensky have had multiple high-profile meetings over the last several months. During this NATO summit, Biden could face some scolding from allies over his decision to provide cluster munitions to Ukraine for the first time. Zelensky said Friday that Ukraine was grateful for a ‘timely, broad and much-needed’ defense aid package from the United States.

Persons: Joe Biden, Volodymyr Zelensky, Biden, “, ” Biden, CNN’s Fareed Zakaria, Zelensky, ” Zelensky, Zakaria, Joseph Biden, ” Organizations: Lithuania CNN, NATO, Politico, Ukraine, ABC Locations: Vilnius, Lithuania, Ukraine, Zelensky, Russia, Ukrainian, Washington, Kyiv, St, Michael’s, Hiroshima, Japan, Bakhmut, United States

☆ Goldman Sachs: These are the 20 stocks building AI tech, using it to turbocharge their businesses, and reaping the rewards as the artificial intelligence boom pushes the S&P 500 higher
▼ + stars: | 2023-07-09 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +3 min

Goldman Sachs' David Kostin estimated that the AI-induced upside for US equities could be over 14%. In a recent report, Goldman Sachs analysts shared 20 stocks with exposure to the rise of AI. Rising AI adoption could mean over 14% upside for US equitiesObviously, an AI-induced economic stimulus also means good news for the US equity market. "And the potential upside could be even larger if the uplift in GDP and revenue growth is also accompanied by an increase in corporate profit margins." 20 stocks poised to capitalize on the rise of AIIn the report, Goldman Sachs analysts shared 20 stocks across nine sectors that are exposed to the rising adoption of artificial intelligence.

Persons: Goldman Sachs, David Kostin, Joseph Briggs, Briggs, Goldman, Kostin, it's

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