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☆ More than 300 interns at Citadel and Citadel Securities start next week. Here's how Ken Griffin's firms ramped up their program and recruiting.
▼ + stars: | 2024-05-31 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Read previewIn the fierce fight for the best and brightest across finance, tech, and more, Ken Griffin's Citadel and Citadel Securities have expanded their pursuit of the freshest talent. There's a growing awareness from top students about finance beyond the big-name banks, according to Fabian Figi, Citadel Securities' head of campus recruiting. Citadel Securities also holds a Ph.D. summit, where advanced graduate students can present their research to firm leaders. Citadel Securities CEO Peng Zhao. Tina Lu, a former Citadel Securities intern at the Wisconsin bubble, said it's a hallmark of the firm to let people prove themselves.

Persons: —, Ken Griffin's, It's, We've, Matt Mitro, Goldman Sachs, There's, Fabian Figi, Griffin, Citadel's, Figi, Shehan Suresh, Peng Zhao, Suresh, Tina Lu, I've, Lu, Mitro Organizations: Service, Citadel Securities, Business, Citadel, JPMorgan Chase, New, MIT, Stanford, Georgia Tech, University of Texas, Carnegie Mellon, Oxford, Harvard, Ivy League Locations: Wisconsin, New York, Miami, Chicago, Penn, Harvard, Fort Lauderdale

☆ WeWork spent years going after big businesses. Now, its new owner wants to look at the little guys.
▼ + stars: | 2024-05-31 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Anant Yardi took a majority stake in WeWork through its bankruptcy process. Yardi plans to focus on small businesses and use hotel-like tech for real-time booking. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Anant Yardi, who, alongside his wife, founded the widely-used commercial real estate software Yardi Systems, took a majority stake in WeWork through its bankruptcy process.

Persons: Anant Yardi, WeWork, — Organizations: Service, Yardi Systems, Business Locations: WeWork

☆ Don’t forget this one line on your resume, says former head of talent acquisition at Nike
▼ + stars: | 2024-05-31 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

As such, many will also be writing their resumes for the first time in hopes of catching recruiters and hiring managers' attention. There's one more line worth including under each experience that could give recruiters a sense of your history. "I think it's really helpful to have an anchor statement," says James Hudson, an HR executive who's headed talent acquisition at companies like Nike and Levi Strauss & Co. 'Fintech company with half a billion dollars in revenue'An anchor statement shows up under your job title and the company you worked for. "But even for consumer-facing brands," says Hudson, "it can be helpful to put the anchor statement because, yeah, sure, everyone's heard of Nike or Apple, but most people probably don't know how big those companies are."

Persons: —, James Hudson, who's, Levi Strauss, Hudson, everyone's Organizations: Nike, Apple

☆ What is the internet of bodies?
▼ + stars: | 2024-05-31 | by ( Maria Gomez De Sicart | Arjun Kharpal | ) www.cnbc.com time to read: +4 min

You've heard the term "Internet of Things" – where inanimate objects can be connected to the internet and each other. But in 2016, academic and author Dr. Andrea M. Matwyshyn took it one step further, coining the term, "Internet of Bodies," or IoB. She describes it as "a network of human bodies whose integrity and functionality rely at least in part on the Internet and related technologies, such as artificial intelligence." These devices completely merge with the body while maintaining a real-time connection to an external machine and the internet. However, there are some existing laws that could be extended to safeguard IoB data.

Persons: You've, Dr, Andrea M, Matwyshyn, Elon Musk's, Neuralink, Dick Cheney, That's Organizations: Elon Musk's Neuralink, BCI, Former U.S, and Drug Administration, Data, Intelligence Locations: Elon, U.S

☆ Trump braces for final act of his historic criminal trial
▼ + stars: | 2024-05-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Donald Trump’s first criminal trial has arrived at its dramatic final act with lawyers for both sides primed on Tuesday to hammer home their cases before jurors consider a verdict that could make history. They argued during the trial that there was no evidence of criminal intent. The trial has not gripped the attention of the country as it might have were television cameras allowed in the courtroom. And Trump used his multiple criminal indictments to his political advantage in clearing the Republican nominating field. The time off only seems to have escalated Trump’s fury as one of the defining weeks of his life dawns.

Persons: Donald Trump’s, Juan Merchan, Trump, president’s, Todd Blanche, Michael Cohen, CNN’s Kara Scannell, Joshua Steinglass, Blanche, Attorney Alvin Bragg, Stormy Daniels, Cohen, ”, Elliot Williams, “, ” Cohen, Jeremy Saland, you’d, Matthew Colangelo, Daniels, David Pecker, Hope Hicks, Joe Biden, Yorkers, Mike Johnson, Biden, he’s, Merchan, ” Trump, Jean Carroll Organizations: CNN, Manhattan, Attorney, Democrat, “ CNN, Trump, White House, Prosecutors, Justice Department, Republican Locations: New York

☆ US box office on track to have worst Memorial Day weekend since 1995
▼ + stars: | 2024-05-27 | by ( Eva Rothenberg | Alicia Wallace | ) edition.cnn.com time to read: +8 min

CNN —The summer movie season typically starts with a bang during the month of May and, particularly, during Memorial Day weekend. Memorial Day weekend (Friday through Monday) movie ticket sales are estimated at $128.3 million, according to Comscore data provided to CNN. In fact, the US box office is on track to have its lowest-grossing Memorial Day weekend since the $117.1 million seen in 1995, when “Casper” haunted the screens — and that’s not even adjusting for inflation. The tepid Memorial Day weekend continues what’s been a lukewarm start to the summer box office, a movie-going season that’s still reeling from the effects of last year’s Hollywood strikes. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond.

Persons: it’s, ”, “ Casper ”, that’s, ” Paul Degarabedian, Comscore, “, Max, what’s, ” Dergarabedian, “ Barbie ”, “ Oppenheimer ”, Shawn Robbins, there’s, Degarabarian, Deadpool, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Robbins, “ That’s, ’, ” Robbins Organizations: CNN, Guild, SAG, Labor, “, Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: United States, “

☆ The summer box office is playing catch-up after a rough start to the year
▼ + stars: | 2024-05-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

New York CNN —The summer box office is off to a lukewarm start. Last summer, blockbusters “Barbie” and “Oppenheimer” combined added nearly a billion dollars to the domestic box office, according to Comscore data. “Barring some major overperformances, this summer looks like it’ll be down 20% to 25% in box office grosses between May and August from last year,” said analyst Shawn Robbins, founder and owner of Box Office Theory. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond. “Box office earnings have been down largely because of staggered gaps between widely appealing releases in the first half of the year,” said Robbins.

Persons: “ Barbie ”, “ Oppenheimer ”, “, Max, ” Paul Dergarabedian, ”, Shawn Robbins, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Deadpool, Robbins, “ That’s, ’, ” Robbins Organizations: New, New York CNN, Guild, SAG, CNN, Labor, “, Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: New York, United States, “

☆ US sending military aid to Ukraine to help repel Russian attacks on Kharkiv
▼ + stars: | 2024-05-24 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +3 min

CNN —The United States is sending $275 million in military assistance to Ukraine as part of “efforts to help Ukraine repel Russia’s assault near Kharkiv,” Secretary of State Antony Blinken announced Friday. “We will move this new assistance as quickly as possible so the Ukrainian military can use it to defend their territory and protect the Ukrainian people,” Blinken said in a statement. Russian forces have advanced toward Kharkiv, Ukraine’s second-largest city, after launching a surprise cross-border assault in mid-May. “We’re committed to making sure that Ukraine has the equipment it needs to succeed on the battlefield.”However, the US has continued to say its weapons cannot be used by Ukraine to strike Russian targets on Russian territory. “We have not encouraged or enabled strikes outside of Ukraine,” Blinken reiterated last week.

Persons: Antony Blinken, ” Blinken, Volodymyr Zelensky, ” Zelensky, Blinken, Dmytro Kuleba, “ We’re Organizations: CNN, ”, Kharkiv, High Mobility Artillery Rocket Systems, Ukrainian, US Locations: United States, Ukraine, Kharkiv, “, Ukrainian, ”, Ukraine’s, Lyptsi

☆ Op-ed: How activist investors are deactivating with proxy battle losses
▼ + stars: | 2024-05-23 | by ( Jeffrey Sonnenfeld | Steven Tian | ) www.cnbc.com time to read: +7 min

Whether today's activist investors contribute any genuine economic value is open for debate. As this year's proxy season draws to a close, defeat after defeat for activist investors in proxy fights this year – most prominently at Disney and Norfolk Southern – raises the question: Are activist investors increasingly getting de-activated, losing their credibility and power? These self-styled "activist investors" are distinct from the original activists who helped catalyze needed governance reforms two decades back. Many of today's activist investors are a far cry from the original, heroic crusaders for shareholder value who pioneered the activism space decades ago. However, given the failing financial performance of many of today's activist investors, their losing streak in proxy fights and increasing public rejection of their bullying tactics, the credibility and value of activist investors writ large is increasingly imperiled.

Persons: Nelson Peltz's, Ed Garden, Ralph Whitworth, John Biggs of TIAA, John Bogle of, Ira Millstein, Weil, Nell Minow, Bob Monks, Harvard's Stephen Davis, Carl Icahn's, Aubrey McClendon, –, Bill Cohan, Jamie Dimon, Glass Lewis, resoundingly, Mason Morfit's ValueAct, Jeffrey Sonnenfeld, Lester, Steven Tian Organizations: CNBC, Salesforce, Dow Jones, Disney, Norfolk Southern, Relational Investors, John Bogle of Vanguard, Services, Chesapeake, Norfolk, JetBlue, Elanco, of Institutional Investors, United Shareholders Association, Responsibility Research, ISS, Lester Crown, Management, Yale University, Yale's, Institute Locations: Norfolk Southern, greenmailers, America

☆ America's Surge of Dumb Neighborhood Names, Real-Estate Rebrands
▼ + stars: | 2024-05-22 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

Neighborhood names are also shorthand for your rent or mortgage payments. In 2017, real-estate brokers in the historically Black New York neighborhood of Harlem sparked backlash when they tried to rebrand its south end as SoHa. At their best, new neighborhood names bring people together over a shared sense of pride in their little corner of the world. Along the way, these neighborhood names have veered into parody territory. I'm not saying that neighborhood names should be set in stone — in fact, I think it's natural for them to evolve alongside their populations.

Persons: you've, MoRA, Nashville's, they're, Let's, Gill Holland, Holland, Nestor Davidson, David Fagundes, Grant McKenzie, McKenzie, Hakeem Jeffries, Jeffries, Davidson, They're, Bob Dylan's, Marshall, Lily, I'm, Willy, Dirtbag, Little Italy — Organizations: Market, McGill University, University of Maryland, Houston, Financial, Tribeca, McGill, Google, Democratic, New York State Assembly, New York Times, Apple, North Arts District, Congress, Little Locations: Denver, Charlotte , North Carolina, LoSo, Boston, Louisville , Kentucky, NuLu, Austin, America, New York City, Louisville, Holland, North Carolina, Greenwich, Louisville's, Phoenix, Holland's, York, New York, Manhattan, Side, Chelsea, Maryland, Harlem, SoCo, Soho, Dowisetrepla, Charlotte, East Williamsburg

☆ San José: Colombia launches expedition to explore 300-year-old Spanish shipwreck filled with sunken treasure
▼ + stars: | 2024-05-22 | by ( Heather Chen | Michael Rios | ) edition.cnn.com time to read: +3 min

The images will then be used to build an inventory of the archaeological discoveries on the seabed. But it has also sparked a multi-billion dollar legal battle. Colombia maintains that it first discovered the San José in 2015 with help from international scientists. SSA has launched a legal battle against the Colombian government in the Permanent Court of Arbitration, claiming it is entitled to approximately $10 billion – half the estimated value of the shipwreck’s treasure. The loss of the San José and its cargo was said to have caused financial hardships to merchants throughout Europe and the New World, according to reports released by SSA.

Persons: –, Juan David Correa Organizations: CNN, Colombian Institute of Anthropology, Wednesday, San, San Jose Galleon, SSA Locations: Colombia, Spanish, Caribbean, Cartegena, Colombian, Potosi , Peru, Panama, Cartagena, San Jose, José, Europe

☆ Jamie Dimon might finally be ready to call it quits
▼ + stars: | 2024-05-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.

Persons: —, Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London

☆ Trump allied Republicans are changing the GOP's approach to labor, free markets and regulation
▼ + stars: | 2024-05-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +9 min

WASHINGTON — The first Trump presidency shattered conservative economic ideology on the Republican Party's approach to free markets and tariffs. Source: AmericanCompass.org To be clear, this is not yet the dominant strain of Republican economic thinking in Washington. Cass argues that Republican economic policy has been focused on the wrong goals: lowering prices and increasing consumption. "It was absolutely black letter economic doctrine that the point of economic policy was to consume as much as possible. watch now"Spinning assets in circles creates nothing of value, and in fact creates the opposite of value," Cass said.

Persons: Donald Trump, Brendan Mcdermid, Eamon Javers, WASHINGTON —, Trump, Trump's, Sohrab Ahmari, Ahmari, elitists, Bud Light, Oren Cass, Cass, Michael Wayland, CNBC Cass, –, Biden, Pennsylvania Republican Sen, Pat Toomey Organizations: Reuters, WASHINGTON, Trump, Republican, GOP, Wall Street, Amazon, Starbucks, U.S . Chamber of Commerce, Block, Development Bank, Environmental, American, Bronco, Ford's, Ford's Michigan Assembly, CNBC, Wall, Pennsylvania Republican Locations: Freeland , Michigan, U.S, America, Washington, China, Block, Ford's Michigan, Cass, Pennsylvania

☆ 'AI demand train running at full speed': Here's what Wall Street expects from Nvidia's 1st-quarter earnings
▼ + stars: | 2024-05-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Wall Street expects a continued increase in Nvidia's AI chip sales ahead of its next-gen Blackwell chip release. Here's what Wall Street expects from Nvidia's upcoming earnings report. Deutsche Bank: "AI leadership to continue"Deutsche Bank said it fully expects Nvidia to deliver "healthy multi-billion dollar beats/raises on still healthy demand for AI compute." However, the bank sees much of that strength already priced into the stock, leading the firm to believe that Nvidia stock is "fully valued." Bloomberg Intelligence: "Nvidia has more levers to attack the market"Bloomberg Intelligence analyst Oscar Hernandez Tejada said in a recent note he fully expects Nvidia to report "a solid beat and raise" on Wednesday, arguing that "Nvidia's AI demand train running at full speed."

Persons: —, Wells, Aaron Rakers, Rakers, Taiwan Semiconductor bode, Vivek Arya, Blackwell, Arya, NVDAs, Oscar Hernandez Tejada, Tejada Organizations: Nvidia, Service, ChatGPT, Nvidia's, Blackwell, GPU, Data, Super Micro Computer, Taiwan Semiconductor, Bank of America, Deutsche Bank, Bloomberg Intelligence, Bloomberg Locations: Wells Fargo, Wells, China

☆ Jamie Dimon is worried about how much the US is borrowing. Here’s why
▼ + stars: | 2024-05-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Major business leaders and economists are worried about America’s growing debt problem. Last week, JPMorgan CEO Jamie Dimon expressed fear that a crisis is looming and that unchecked deficit spending could explode. The big picture: Between the Trump-era tax cuts and Covid-era stimulus programs, the national debt has exploded in recent years. Trump Media (DJT) reported a loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year earlier. The company generated just $770,500 of revenue, marking the second-straight quarter where its revenue totaled less than $1 million.

Persons: Jamie Dimon, ”, ” Dimon, “, Ray Dalio, Columbia Business School Glenn Hubbard, Joe Biden’s, Jason Thomas, Carlyle, ” Thomas, Hanna Ziady, Liz Truss, Treasuries, Hubbard, Thomas, it’s, Donald Trump, Matt Egan, Devin Nunes, Martin Gruenberg, Elisabeth Buchwald, ” Gruenberg, Sen, Sherrod Brown, Gruenberg, He’s, Cleary Gottlieb Steen, Gruenberg’s, Gruenberg Organizations: CNN Business, Bell, New York CNN —, JPMorgan, Sky News, Financial, Columbia Business School, United, CNN, IMF, Congressional, Office, Peterson Foundation, Treasury, Trump Media, Trump Media & Technology Group, Truth Social, Company, Big Tech, ” Trump Media, Federal Deposit Insurance Corporation, Senate Banking Committee, FDIC, Hamilton Locations: New York, Bridgewater, United States, —, United, United Kingdom

☆ Trump’s new trade war would cost middle-class families at least $1,700 a year, report warns
▼ + stars: | 2024-05-21 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

New York CNN —Former President Donald Trump’s trade agenda amounts to a tripling-down of the trade war he waged during his first term in office. That’s nearly five times the total cost as a share of GDP from the 2018-2019 US-China trade war. Trump’s tariff proposals would cost the typical middle-income household at least $1,700 a year, the researchers found. Those aren’t comparable numbers,” Clausing said, referring to the amount of imports targeted by Biden and by Trump tariffs. Likewise, the US International Trade Commission found in a 2023 study that US importers “bore nearly the full cost” of tariffs.

Persons: Donald Trump’s, Trump, That’s, Kimberly Clausing, Mary Lovely, Clausing, aren’t, ”, Joe Biden, “, Biden, ” Biden hasn’t, Janet Yellen, ” Yellen, ” Clausing, Karoline Leavitt, ’, Bidenomics, ” Leavitt, Leavitt, Moody’s, Mark Zandi, ” Goldman Sachs, ” ‘, ” Chris Krueger Organizations: New, New York CNN, Trump, Peterson Institute for International Economics, Peterson Institute, UCLA School of Law, CNN, ” Biden, Biden, Treasury Department, US International Trade Commission, “, Cowen’s Washington Research Group Locations: New York, China, Frankfurt, Germany, Europe, United States, U.S, Washington

☆ How I built a billion dollar coffee company called Kopi Kenangan
▼ + stars: | 2024-05-20 | by ( Ernestine Siu | ) www.cnbc.com time to read: +12 min

And recognizing that very notion is what makes Indonesian coffee chain Kopi Kenangan different from many of its competitors. Which is why this cup of Kopi Kenangan coffee here in Singapore may taste different from a cup in Indonesia. Edward Tirtanata: Before I started Kopi Kenangan, I started this tea chain called Lewis and Carroll. And that is why our first menu is called Kopi Kenangan Mantan, which directly translates into, memory of my ex-girlfriend coffee. Ernestine Siu: In 2019, Kopi Kenangan received its first outside investment of $8 million from venture capital firm Alpha JWC Ventures.

Persons: Edward Tirtanata, Ernestine Siu, It's, Serena Williams, Jay, Eduardo Savrin's, Edward, Kopi Kenangan, Carroll, James Prananto, James, Little, Kopi, creamer Organizations: Alpha JWC Ventures, Northeastern University, Starbucks, Entrepreneurship, Toyota Locations: Jakarta, Singapore, New York, Indonesia, Vietnam, Southeast Asia, Boston, United States, Kopi, Bandung, U.S, Indonesian

☆ Why Jay Powell really wants to lower interest rates this September
▼ + stars: | 2024-05-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

It’s interesting to me that the equity market is cheering the idea that the Fed is going to be cutting rates. There tends to be a fine line between cutting rates and extending the economic cycle or cutting rates because the cycle is coming to an end (and the economy is softening). When the Fed is cutting rates, it’s cutting rates because a recession is about to happen, right? That’s why I say there’s a fine line between the Fed cutting to extend the cycle and the Fed cutting because a recession is about to happen. The Fed has been in this precarious space where they’re trying to avoid recession while lowering interest rates.

Persons: Dow, stoking, Bell, Tom Porcelli, Jerome Powell, Jay Powell, they’re, that’s, Donald, Goofy, Eva Rothenberg, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “, Uber, Lyft, Jamie Long, Read Organizations: CNN Business, Bell, New York CNN — Markets, Federal Reserve, Fed, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Uber, Democratic, Minneapolis City Council Locations: New York, Anaheim , California, Minnesota, Minneapolis

☆ Trump Media lost more than $300 million last quarter on very little revenue
▼ + stars: | 2024-05-20 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Trump Media & Technology Group lost more than $300 million during the first quarter and generated very little revenue, the owner of Truth Social announced in a press release Monday. Trump Media (DJT) reported a loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year earlier. (Regulators made no allegation of wrongdoing against Trump Media, which was not mentioned in the charges against the auditor.) Experts have said the price tag on Trump Media stock defies logic given the company’s financial results and small footprint in social media. Despite all the fanfare for the public listing earlier this year, Truth Social remains a very tiny player in social media.

Persons: CNN —, Donald Trump, ”, Devin Nunes, Nunes, Semple, Cooper Organizations: CNN, CNN — Trump Media & Technology Group, Truth Social, Trump Media, Company, Big Tech, ” Trump Media, Marchal, Regulators

☆ Stakes are high for prosecutors to rescue Cohen testimony as Trump trial enters endgame
▼ + stars: | 2024-05-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Defense lawyers say they expect to complete their bruising cross-examination of Cohen, Trump’s former lawyer and enforcer, on Monday morning. In dramatic testimony, Cohen last week directly implicated Trump in the alleged scheme, saying the former president directed him to hand over $130,000 to Daniels and promised him reimbursement. With the end of Cohen’s testimony looming, there is uncertainty over the extent of Trump’s defense case. Blanche referred to the possibility of Trump’s testimony on Thursday, the last day the court was in session. After the defense case wraps up, the prosecution has a chance to put on its own rebuttal.

Persons: Donald Trump’s, Michael Cohen —, Cohen, Trump’s, Trump, Stormy Daniels, Daniels, ” Cohen, Todd Blanche, Keith Schiller, Blanche, President Trump, Schiller, ’, Randy Zelin, Republican nominee’s, Joe Biden, Mike Johnson, — Bradley Smith, Judge Juan Merchan, Merchan, Smith, —, backtrack, “, ” Blanche, Arthur Engoron, president’s, Engoron Organizations: CNN, Prosecutors, Trump, Cornell Law School, Central ”, Republican, Louisiana Republican, Republicans, Commission Locations: New York, Lago, Manhattan, Louisiana, Lake Tahoe

☆ Five things you probably didn’t know about the biggest art heist in history
▼ + stars: | 2024-05-19 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +8 min

On March 18 1990 the museum fell prey to history’s biggest art heist. Here are five things that make the Isabella Stewart Gardner Museum, and its famous theft, so interesting. Sean Dungan/Courtesy Isabella Stewart Gardner Museum, BostonWhy commit history’s greatest art heist and leave without the priciest piece in the museum? John Wilcox/Boston Herald/Getty ImagesWhy would “Corsican mobsters,” as CNN correspondent Randi Kaye described them in the programme, be interested in robbing a Boston art museum? “That’s how these things get stolen.”How It Really Happened’s “Gardner Art Heist: Stealing Beauty” premieres on CNN Sunday 19 May, at 9pm ET/PT.

Persons: ”, Andy Warhol’s, Frida Kahlo’s, Isabella Stewart Gardner, Vermeer, Rick Abath, Gardner, ” Stephan Kurkjian, ” Gardner, Julia Ward Howe, Ethel Smyth, Emmeline Pankhurst, Smyth, John Singer Sargent, Gardener, Mona Lisa, Titian, theives, Sean Dungan, Napoleon, Rembrandt, Bob Wittman, John Wilcox, Randi Kaye, ” Kaye, ” Kelly Horan, Myles Connor, —, theif Myles Connor, George Rizer, Connor, Al Dotoli, Frank Sinatra, Liza Minelli, Dotoli, Dionne Warwick —, ” Horan, “, Ryan McBride, ” Wittman, “ Gardner Organizations: CNN, The Museum, Modern Art, Salvador, Isabella Stewart Gardner Museum, 9P, Boston, Boston Symphony Orchestra, Red Sox, Boston Globe, Storm, FBI, Museum of Modern, Art, Boston Herald, Boston’s Museum of Fine Arts, Getty Locations: New York, Boston, America, Red, Europa, London, Galilee, Corsica, Nice, Corsican, Maine

☆ ‘The Simpsons’ airs its 768th episode tonight. Here’s how its writers keep things fresh
▼ + stars: | 2024-05-19 | by ( Scottie Andrew | ) edition.cnn.com time to read: +12 min

CNN —Toward the end of its 35th season, “The Simpsons” made a move that rankled some fans: It killed a longtime resident of Springfield. I would say under 10,” said Matt Selman, sardonic showrunner of “The Simpsons,” in an interview with CNN. There are around 16 writers per season, typically made up of 22 episodes, though this season has just 18 due to the 2023 writers’ and actors’ strikes. Last month, Sosthand won a Writers Guild Award for the episode, beating out three other nominees from the “Simpsons” writers room. It’s nice that their hard work has been noticed, Selman said, but critical appraisal of “The Simpsons” is always in flux.

Persons: Read, Larry, Barfly, he’s, Homer, they’re, Duff, ‘, ”, Matt Selman, Marge, Bart, Lisa, Maggie, Selman, ’ ” Selman, – – Selman, Carl Carlson, Carl Carlson Rides, Loni Steele Sosthand, who’s, Murphy, Skinner, Bumblebee Man, Cesar Mazariegos, Broti Gupta, –, John Frink, Mike Price, who’ve, ’, hasn’t, ” Sosthand, Carl, Sosthand, “ It’s, ” Selman, Moe, Rev, Lovejoy, Krusty, ” Price, “, Mazariegos, might’ve, “ We’re, Price, Kirk, Willie, janitor’s, Groundskeeper Willie reconnects, ” It’s, Bart hijinx, Ned Flanders, Maude Flanders, Edna Krabappel, it’s “ Organizations: CNN, Gracie Films, Springfield ”, Crazy, “, Bass, Scottish Locations: Springfield, Moe’s, ’, Iceland, West, Scotland

☆ Why the biggest real estate funds still struggle
▼ + stars: | 2024-05-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewBlackstone, the world's largest landlord, contends the worst is over for commercial real estate. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company's first-quarter earnings statement. A similar investment fund operated by Barry Sternlicht's Starwood Capital has had an even greater retreat by investors. Share pricing is determined through appraisals of the value of the underlying real estate holdings. In May, Blackstone Real Estate Partners X also completed the $3.5 billion acquisition of Tricon Residential, an owner of single family rental homes.

Persons: —, Barry Sternlicht's, Kevin Gannon, BREIT, reinvigorating, anemic, REITs, Jonathan Gray, Blackstone Heidi Gutman, NBCUniversal, Jon Gray, they're, Gray, outperformance, redemptions, Blackstone, Gannon, They're, Sternlicht, Todd Henderson, REIT, Henderson, It'll Organizations: Service, Investors, Income Trust, Business, Barry Sternlicht's Starwood Capital, Starwood Real, Blackstone, Starwood, KKR, Apollo, Federal Reserve, Communities, Blackstone Real Estate Partners, Tricon Locations: Blackstone, Brookfield, BREIT, Tricon, Nashville, DWS

☆ Frontier Airlines does away with change fees in budget airline pricing overhaul
▼ + stars: | 2024-05-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Frontier Airlines said it will stop charging customers a fee to change their flights, taking a page from larger competitors as the Biden administration issues stricter rules targeting so-called "junk fees." Frontier currently charges up to $99 to change flights if the change is made within a week of the trip, according to the airline's website. Larger rivals Delta , American and United scrapped change fees during the Covid-19 pandemic for travelers who were booked in standard economy class and above. "The truth is the big four all have no change fees on the majority of their products, so we were not as desirable," Biffle said. He said change fees were a "top complaint" of travelers.

Persons: Biden, Barry Biffle, Biffle Organizations: Frontier Airlines, CNBC, U.S . Department of Transportation, Frontier, Delta, United, Southwest Airlines

☆ How Melinda French Gates became one of the world’s wealthiest and most important philanthropists
▼ + stars: | 2024-05-14 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —On Monday, Melinda French Gates announced her resignation from the Bill and Melinda Gates Foundation, officially ending one of the world’s leading philanthropic partnerships. In French Gates’ 2008 Fortune profile, Buffett said French Gates helped focus the foundation’s mission. In addition to French Gates, Gates and Buffett, The Giving Pledge counts billionaires like Mark Zuckerberg, Elon Musk and MacKenzie Scott as signatories. French Gates has a net worth of $13.3 billion, according to the Bloomberg Billionaires Index, while Bill Gates’ net worth is $153 billion. French Gates’ departure from the Bill and Melinda Gates Foundation has been hinted at since the couple announced their divorce in May 2021.

Persons: Melinda French Gates, Melinda Gates, Gates, Bill Gates, Melinda Gates ’, Warren Buffett, Buffett, ” Buffett, Mark Zuckerberg, Elon Musk, MacKenzie Scott, “, French Gates Organizations: CNN, Melinda Gates Foundation, Microsoft, Duke University, Fortune Magazine, Gates Library Foundation, Berkshire Hathaway, Bloomberg, Rutgers ’ Center, American Women Locations: United States, Fortune, “, Gates, French, Politics

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