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In early March, Dennis’ children scheduled a meeting to help their father get back on his feet after the scam. Matt and Adrienne lost their father Dennis to suicide in March after he fell victim to a cryptocurrency investment scam. Hard to believe I’m falling for a man I have never seen or spoken to,” Carina told him just a few weeks in. Carina, scam victimCarina didn’t tell her family about what had happened and the stress she was under until the very final moment. After months of hiding it, Carina told her family, who suggested she speak to Kraken directly.
Persons: Matt, , Adrienne’s, Dennis Jones, Jessie, , Dennis, Dennis ’, Adrienne, ” Matt, Chris Turner, Amanda Swinhart, they’ve, Erin West, “ I’ve, I’ve, Erin, “ We’ve, Shawn Bradstreet, Jim Castel, Bradstreet, Bumble, GASO, that’s, Tom Booth Rakesh, Rakesh, “ Klara Semonov, Tawee Sodsong, Tom Booth Pachara, Jeff Rosen, ’ Carina, “ Evan ”, Carina, WhatsApp, ” Carina, Evan Van ”, CNN Evan, Evan, consoling, Jim Castel ‘, ” Dennis messaged, ” Adrienne, Carina didn’t, “ It’s, ” Dennis ’ Organizations: Lifeline, International Association for Suicide Prevention, Befrienders Worldwide, CNN, Facebook, FBI, San, LinkedIn, Meta, Indian, Thai National Broadcasting, Befrienders Locations: Virginia, Southeast Asia, scammers, Santa Clara, California’s Bay, San Francisco, Myanmar, Cambodia, Laos, Thailand, Thai, , Russian, Salt Lake City, scamming
On the leafy campus of a Dutch-speaking university, students have for months been demanding that their institution break ties with Israeli academia over the war in Gaza. Their campaign borrows extensively from the U.S. campus protest playbook. The students have set up an encampment. They have staged daily demonstrations. But in Belgium’s capital, the protest at Vrije Universiteit Brussel, or V.U.B., has been far more peaceful because of a unique combination of factors: a supportive political environment (Belgium is a vocal critic of Israel); a proactive rector; strict protest rules; and, crucially, a tiny campus Jewish community that has chosen not to confront protesters despite discomfort over some of the protests.
Organizations: Vrije Universiteit Brussel Locations: Gaza, U.S, Israel, Palestine, United States, Belgium’s, Vrije, Belgium
Slow-moving lawsuits intended to drain newsrooms of their limited financial resources and editorial bandwidth. Threats of jail time for journalists who expose political corruption and refuse to give up their sources and turn over their notes. If you think these things sound outlandish in America, take a close look at what’s happening here in Mississippi. Breaching the confidentiality of sources violates one of the most sacred trusts — and breaks one of the most vital tools — in investigative journalism. Even if we were to prevail in our defense of this suit, we will probably have lost in many other ways.
Persons: , Ron DeSantis, Sullivan Organizations: Mississippi, Gov, New York Times Company Locations: America, Mississippi, Florida
The official results from national elections last month just don’t add up for Mbalenhle Mthethwa, a loyal adherent of a new political party led by Jacob Zuma, South Africa’s former president. “The elections were not free and fair,” she said, echoing the stolen-election narrative advanced by Mr. Zuma. Ms. Mthethwa, a 38-year-old chef, lives in a township near the coastal city of Durban and has been out of work for the past four years. Mr. Zuma, 82, whose nine years as president were marred by allegations of corruption and looting of state coffers, has taken a page from the playbook of populist leaders of recent years — notably in the United States and Brazil. Vote-rigging claims in other nations have resulted in chaos, and South Africans will get a first look at how things might unfold on Friday, with Mr. Zuma’s party, uMkhonto weSizwe, known as M.K., vowing to boycott the first sitting of the newly elected Parliament.
Persons: Mbalenhle Mthethwa, Jacob Zuma, South, , , Zuma, Mthethwa, Mr, uMkhonto weSizwe Organizations: Mr Locations: Durban, United States, Brazil
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk seems to be taking a page out of Donald Trump's playbook. This story is available exclusively to Business Insider subscribers. Musk admitted in his March interview with Don Lemon that he takes a "small amount" of ketamine every other week. Representatives for Musk didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon, Donald Trump's playbook, Trump, Musk, David Sacks, Chamath Palihapitiya, they've, Zuck, Mark Zuckerberg, Sam Altman, There's, Don Lemon, Lemon, Musk didn't Organizations: Service, White, Business, Tesla, SpaceX, Wall Street, Trump, Reuters, Republican, OpenAI, Microsoft, Representatives Locations: San Francisco
But below the surface, the mini marine sanctuary is also a test bed for underwater technology that may take researchers to literal new depths. In the ocean, Underwater IoT could look like floating sensors, swarms of crewless vehicles, or a tetherless, wireless robot. Interest in ocean IoT is increasing because of its potential scientific, military, commercial, and conservation applications. AdvertisementWaleed Akbar, a research assistant at the MIT Media Lab, said that while developing underwater IoT is challenging, it's necessary. There's also the issue of energy consumption: Generally, preliminary underwater IoT devices have used batteries with limited capacity.
Persons: Wahoo Bay, Rob Wyre, Waleed Akbar, Akbar, There's, Dimitris Pados, Pados, Wahoo, Wahoo Bay . Florida Atlantic University Pados, they'll, Wyre, We've Organizations: Shipwreck, Wahoo, Florida Atlantic University, MIT Media Lab, MIT, Business, US Navy, Center for Connected Autonomy, Artificial Intelligence, Wahoo Bay . Florida Atlantic University Locations: Pompano Beach , Florida, Wahoo, Wahoo Bay ., Pompano Beach, Wyre, Wahoo Bay
Abercrombie & Fitch has transformed itself from a dying mall brand into a Wall Street darling after spending years revamping its product assortment, overhauling its supply chain and rebranding as an inclusive retailer. Shares of the apparel company have surged over the last year as it posted quarter after quarter of sales growth and profits that consistently topped Wall Street's expectations. Under the direction of CEO Fran Horowitz, Abercrombie has become one of the biggest winners in retail, but its turnaround was years in the making and far from an overnight success. Perhaps most importantly, Abercrombie rebranded itself into a more equitable retailer after it earned a reputation for racism, toxicity and exclusivity. To learn more about Abercrombie's comeback and what's ahead for the retailer after a year of meteoric growth, check out the video above.
Persons: Fitch, Fran Horowitz, Abercrombie, Horowitz Organizations: Abercrombie
If it's any solace, the company was not really for Wall Street, either; its stock has been languishing over the past decade or so. Investors are eating it up: Abercrombie's stock a year ago, your returns would be better than that of almost any other stock, including the Wall Street darling Nvidia. "Can you and I think of another apparel retailer who literally reinvented themselves and then went to the moon with sales and earnings? When its longtime CEO exited the company at the end of 2014, its sales had declined for 11 consecutive quarters. AdvertisementAs opposed to the Abercrombie of 20 years ago, whose logos screamed A&F, the modern Abercrombie is muted.
Persons: Abercrombie, millennials, Gen Zers, Janet Joseph Kloppenburg, Fitch, Fran Horowitz, Zachary Warring, Horowitz, It's, Abercrombie doesn't, it's, " Horowitz, Women's, Kloppenburg, they're, Ali Grant, they've, They've, Emily Stewart Organizations: Abercrombie, Fitch, JJK Research, Outfitters, Netflix, Hollister, CFRA Research, Digital, Banana, Old Navy, Business Locations: cologne
AdvertisementDavid Solomon Goldman SachsPressure-cooker cultureWith signs suggesting mergers and acquisitions could soon return — including the megadeals Goldman specializes in — the firm's dealmakers are itching to end 2024 on a high note. In M&A, Goldman has fallen to No. AdvertisementMark Sorrell Goldman SachsGoldman is also seeking to become more interconnected across its business lines via the One Goldman Sachs program. "They figure that if they're talking to one person at Goldman Sachs, they're talking to everybody." The result, bankers said, is an M&A machine built to withstand threats like star dealmakers leaving for more-nimble rivals.
Persons: , Goldman Sachs, Bill Quinn, Goldman, Jacki Zehner, Rishi Bali, Hank Paulson, John Thornton, John Thain, David Solomon, Solomon, Dan Dees, What's, David Solomon Goldman Sachs, Gene Sykes, Alison, It's, LSEG, dealmaking, Goldman dealmakers, Momo Takahashi, We've, Mark Sorrell, Mark Sorrell Goldman Sachs Goldman, Sykes, they're, Sorrell, Dees, it's, Dan Dees Goldman Sachs, we're, John Waldron, Kim Posnett, that's, Timothy Ingrassia, Ingrassia, Stephan Feldgoise, I'm, Reed Alexander Organizations: Service, Business, Goldman, JPMorgan, playbook Bank, Wall Street, Competition, & $ Locations: Silicon Valley, London, New York City, Latin America
Starbucks has launched two breakfast combo deals, pairing a coffee or tea with a croissant or breakfast sandwich. Bundling has long been standard practice in fast-food, but it's a surprise move for Starbucks. AdvertisementIn an unusual move for the coffee giant, Starbucks is getting into bundling by offering new $5 and $6 deals. The chain launched the two combo deals on Tuesday under what it calls its "pairings menu." Customers can get a 12-ounce iced or hot coffee or tea paired with a butter croissant​ from $5, or with a breakfast sandwich from $6.
Persons: Organizations: Starbucks, Service, Business
We do expect the labor market to cool, says TIAA's Mukherjee
  + stars: | 2024-06-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe do expect the labor market to cool, says TIAA's MukherjeeNiladri 'Neel' Mukherjee, TIAA Wealth Management CIO, joins 'Money Movers' to discuss whether there will be room for the Federal Reserve to cut before year-end, how the playbook for equities plays out, and much more.
Persons: TIAA's Mukherjee Niladri, Neel, Mukherjee Organizations: TIAA Wealth Management, Federal Reserve
On a recent afternoon in Kyiv, a professor of literature and a stand-up comedian ​got together to talk about Russian colonialism, a subject that has become ​a preoccupation among Ukrainian activists, cultural figures and bookstore owners. ​The moderator of the discussion, which was recorded for a new podcast for Ukraine’s national public broadcaster, was Mariam Naiem, a graphic designer and former philosophy student who has become an unlikely expert on the topic. “This war is just the continuation of centuries of Russian colonization,” said Ms. Naiem, 32, ​referring to Russia’s full-scale invasion of Ukraine. “It’s the same playbook.”Russia’s long cultural and political domination of Ukraine, first through its empire and then the Soviet Union, had left an indelible mark, the podcast guests agreed, as they lamented being more fluent in Russian poems and films than in their own nation’s cultural treasures.
Persons: , Mariam Naiem, , Naiem, Locations: Kyiv, Ukraine, Soviet Union
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't be afraid to take profits from outsized gain, says Charles Schwab's Kevin GordonKevin Gordon, Charles Schwab senior investment strategist, joins 'Closing Bell' to discuss his stock playbook and his takeaways from today's jobs report.
Persons: Charles Schwab's Kevin Gordon Kevin Gordon, Charles Schwab
On top of that, the S & P 500 is trading at record levels thanks in large measure to the unrelenting momentum in Nvidia. Hot jobs growth + weaker-than-expected wage growth: The S & P 500 would advance 0.25% to 0.75% in this event, the traders said. In-line jobs growth + strong wage growth: This outcome indicates inflation persists given tight labor market conditions. Disappointing jobs growth + hotter-than-expected wage expansion: JPMorgan traders think this would be the worst outcome for market bulls, with the S & P 500 losing 1.25%-2%. JPMorgan expects the S & P 500 to rise, or fall, as much as 0.25%.
Persons: Dow Jones, stagflation Organizations: Federal Reserve, Nvidia, JPMorgan Locations: U.S
Longevity investor and XPrize founder Peter Diamandis uses a relatively elaborate multi-part system for getting better sleep. Martine Paris"The Oura ring doesn't help me sleep better," Diamandis said. "It helps me remain true to my commitment," by encouraging him to get at least seven hours of sleep per night. Carlina Teteris/Getty ImagesThe most important element of Diamandis' sleep routine is the timing. Sticking to this strict sleep schedule is the only way he can guarantee he gets close to eight hours of sleep each night.
Persons: , Peter Diamandis, it's, Diamandis, you'll, Kim Kardashian, Prince Harry, Mark Zuckerberg, Gwenyth Paltrow, Lance Armstrong, Martine Paris, Oura, Elon Musk, Mark Zuckerburg, Tim Ferriss, Carolyn Van Houten, he's Organizations: Service, Business, Washington, Getty
Read the full story on Biden’s announcement from CNN’s White House team. Trump and Biden remain very far apartIt’s still very true that their rhetoric on immigrants remains very different. “I’ll never refer to immigrants as poisoning the blood of a country,” Biden said at the White House. Expect challengesThe American Civil Liberties Union, which challenged Trump’s border actions when he was president, now plans to challenge Biden. “We continue to work closely with our Mexican neighbors instead of attacking Mexico,” Biden said at the White House, drawing a distinction between his approach and Trump’s.
Persons: Joe Biden, Donald Trump’s, Trump, Biden, Donald Trump, Go Nakamura, Reuters Biden, , ” Biden, ” Lee Gelernt, CNN’s Rosa Flores, Flores, Richard Cortez, ” Cortez, Priscilla Alvarez, Trump’s, Mexico’s, Harry Enten Organizations: CNN, White, Republicans, CNN’s White House, Trump, Reuters, Republican, American Civil Liberties Union, Immigrants, Rights, CNBC, Biden, Congressional Research Service, Department of Homeland Security Locations: Mexico, Eagle, , Texas, Piedras Negras, Hidalgo , Texas, Springs , California, Hidalgo County, United States, Iran
Adding to the concerns about supporters inciting or committing violence to avenge Trump are comments from Trump’s allies since the verdict. Will Trump’s smears of the verdict and his “breaking point” language escalate those threats and even potentially lead to violence from Trump’s supporters? One of Trump’s supporters who vowed to “not tolerate” the Mar-a-Lago search attacked an FBI field office, resulting in his death. Will Trump encourage protests outside of the New York courthouse on July 11, when he’s scheduled to be sentenced? But one thing is certain: Trump now understands he is no longer Teflon and that he could end up in prison.
Persons: Dean Obeidallah, Donald Trump, Trump, Don ”, John Gotti, Gotti, — alarmingly, , ” Trump, Adam Schiff, California, ” Schiff —, , Joe Biden, Todd Blanche, Laura Loomer —, , Carl Higbie, Justice Juan Merchan, Will Trump’s, Trump’s, Will Trump Organizations: CNN, Dean Obeidallah CNN, Fox News, Democratic, Associated Press, Republican National Committee, Trump, Twitter, New, FBI, Capitol Locations: , “ State, York County, Georgia, Iowa, New York, Washington, York
Investors should buy dips in bonds and sell stocks after the Fed's first interest rate cut, according to Bank of America. The call from Bank of America investment strategist Michael Hartnett is a reversal of his "anything but bonds trade." The Federal Reserve is expected to cut interest rates in the second half of the year. AdvertisementBank of America investment strategist Michael Hartnett is shaking up his trading playbook for the second half of the year. In a note on Friday, Hartnett recommended investors buy dips in bonds and sell stocks after the Federal Reserve makes its first interest rate cut.
Persons: Michael Hartnett, , Hartnett Organizations: Bank of America, Federal, Service, Federal Reserve, ABB, UST, PMI, Fed
The S & P 500 is a mere 1.2% from its all-time high, yet only 60% of its member stocks are up for the year and just over 40% last week were above their 50-day moving average. .SPX YTD mountain S & P 500, 1-year We seem to undergo one of these periods of decrying a lack of market breadth every few months in recent years. Bespoke Investment Group last week looked at the small number of past instances when the S & P 500 was so close to a record yet most stocks were beneath a 50-day average. The 100-day correlation between the S & P 500 and the Dow Jones Industrial Average has hit its lowest level since the dot-com bust of the early 2000s, according to CNBC's Data & Analytics group. The S & P 500 at the highs hit 21-times forward earnings, and we've spent very little time above that outside the pandemic melt-up and the tech boom/bust a quarter-century ago.
Persons: Warren Pies, Dow, Scott Chronert, we've Organizations: Investment, 3Fourteen, Nvidia, Treasury, Microsoft, Apple, Dow Jones, Dell Technologies, Citi, UBS Locations: Banks
political memoThe outcome of Donald Trump’s Manhattan trial on Thursday had seemed almost unthinkable to the Trump team as recently as last summer. Guilty.”When Mr. Trump got up to leave court, his face looked as if he’d been punched in the solar plexus. Mr. Trump and his allies on Capitol Hill and in conservative media assiduously prepared their audiences to be outraged, whatever the outcome. “There’s a sense of personal resentment,” added the senator, who is on a shortlist to be Mr. Trump’s running mate. He got MAGA’d yesterday,” Mr. Trump said in the hallway outside the courtroom.
Persons: Donald Trump’s Manhattan, Donald J, Trump’s, Trump, Mr, Eric, Eric Trump’s, Steve Witkoff, ” Mr, Witkoff, Adam Gray, Jack Smith, Washington, Tanya Chutkan, Manhattan, Mark Pomerantz, Alvin L, Bragg, Michael D, Cohen, , President Biden, Stephen K, Bannon, Alvin Bragg, Emil Salman, Biden, ” Neil Newhouse, Republican pollster, , Newhouse, , J.D, Vance, MAGA, Robert De Niro, De Niro, ” Ruth Igielnik Organizations: Trump, Republican National Convention, Credit, The New York Times, Democratic, Capitol, Republican, Senate, Republicans, Trump . Credit, Mr, New York Times, Quinnipiac University, “ Voters, Fox, stoke, Biden Locations: Manhattan, Florida, Georgia, New York, U.S, Trump ., Siena, Ohio, Lower Manhattan
KFC recently introduced a value menu with meals starting at $4.99. But it’s been a long time since they used discounted meals as a strategy to drive traffic, noted Peter Saleh, restaurant analyst at BTIG. KFC launched its value menu earlier that month. A Burger King spokesperson confirmed to CNN that it plans to offer a $5 meal, without sharing more details. And more deals don’t mean that menu prices are dropping, or even staying the same.
Persons: Burger King, Taco Bell, Jack, Wendy’s, it’s, Peter Saleh, haven’t, , we’ve, ” Price, ” Saleh, Chris Kempczinski, , McDonald’s, Burger, Paul Weaver, Kempczinski, NOA, ” Cowen, Andrew Charles, Eva Marie Uzcategui, McDonald’s “, ” Charles, David Henkes, Josh Kobza, Henkes, BTIG’s Saleh Organizations: New, New York CNN, KFC, BTIG, Street Journal, National Owners Association, Bloomberg, Getty, CNN, Restaurant Brands Locations: New York, Technomic, Burger King
Tesla is rehiring some of the nearly 500 Supercharger staff members Musk fired in April as a cost-saving measure amid challenging times at the EV company, Bloomberg reported earlier this month. Advertisement"Desperate times call for desperate measures," Musk told CNBC's David Faber in May 2023. At Tesla, for example, Musk told his employees that he would personally approve all new hires, according to an email obtained by Business Insider. Musk is also known to have fired employees who disagreed with his decisions. Other former Twitter employees and executives have sued Musk, accusing him of unpaid severance pay.
Persons: , Elon Musk, Tesla, Musk, CNBC's David Faber, Lex Fridman, Walter Isaacson, Musk's, Alec Levenson, " Levenson, Spencer Platt, Levenson, that's, Weeks, Kali Hays Organizations: Service, EV, Bloomberg, Twitter, Business, SpaceX, University of Southern California Marshall Center, BI, Tesla, New York Times, National Labor Relations, NLRB, Musk's SpaceX, Twitter's Locations: York
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a lot of rotation in tech, says Renaissance's Jeff deGraffJeff deGraff, Renaissance Macro head of technical research, joins 'Closing Bell' to discuss market pullback and his technical playbook.
Persons: Jeff deGraff Jeff deGraff
The software company NICE launched Enlighten AI to improve customer service and clients' efficiency. Eilam said Enlighten AI "dramatically improves" productivity and efficiency for customer-experience teams by automating many labor-intensive tasks, such as note-taking during customer-service calls. Enlighten Autopilot, one of the products within NICE's Enlighten AI for CX repository, enhances self-service with an AI-powered virtual assistant. Many existing customers are adding Enlighten AI to their portfolios, and NICE is attracting new customers with its AI capabilities. The organization implemented Enlighten AI to monitor 100% of its customer interactions and gather insights about the behaviors influencing customer sentiment.
Persons: , We've, Barak Eilam, Eilam, Copilot, What's Organizations: NICE, Service, Neptune Intelligence Computer Engineering, Business, Republic Services, Open Network Exchange, ONE, BI Locations: Hoboken , New Jersey
Opinion | How Trump’s Team Blew It
  + stars: | 2024-05-30 | by ( Renato Mariotti | ) www.nytimes.com   time to read: +1 min
The criminal trial of Donald Trump didn’t have to end this way. If Mr. Trump’s lawyers had played their cards right, they most likely would have ended up with a hung jury or a misdemeanor conviction. The defense lost a winnable case by adopting an ill-advised strategy that was right out of Mr. Trump’s playbook. I have practiced criminal law for over 20 years, and I have tried and won cases as both a federal prosecutor and criminal defense attorney. The defense needs its own story, and in my experience, the side that tells the simpler story at trial usually wins.
Persons: Donald Trump didn’t, Alvin Bragg, Trump’s, I’ve, marshaling Locations: Manhattan
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