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☆ DA will ask for 50-to-life sentence for embezzling assistant who slaughtered his tech CEO boss
▼ + stars: | 2024-09-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +1 min

Tyrese Haspil is expected to be sentenced Tuesday for murdering NYC tech CEO Fahim Saleh. The DA plans to ask for 50 years to life, a term Haspil's lawyer calls "a de facto life sentence." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! AdvertisementManhattan prosecutors will ask on Tuesday for a 50-years-to-life sentence for Tyrese Haspil, the personal assistant convicted of charges stemming from the murder, decapitation, and dismemberment of Fahim Saleh, the tech CEO who was his former boss, according to the killer's defense lawyer.

Persons: Haspil, Fahim Saleh, —, Tyrese Haspil Organizations: Service, Business Locations: Manhattan, Nigerian, New York

☆ Presidential debate live updates: Trump and Harris face off in Philadelphia
▼ + stars: | 2024-09-10 | by ( Dan Mangan Kevin Breuninger Josephine Rozzelle Brian Schwartz Rebecca Picciotto Ece Yildirim | Dan Mangan | Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Republican presidential nominee and former U.S. President Donald Trump reacts during his "No Tax on Tips" campaign event in Il Toro E La Capra restaurant in Las Vegas, Nevada, U.S. August 23, 2024. (L), and Vice President Kamala Harris smiles as she speaks at her Presidential Campaign headquarters in Wilmington, DE, U.S., July 22, 2024. Republican presidential nominee Donald Trump will square off Tuesday against Vice President Kamala Harris, the Democratic nominee, in a prime-time debate that could alter the course of an unprecedented race for the White House. It will also be the first time Harris and Trump have ever met in person, just eight weeks before the Nov. 5 election. Polling averages indicate the race is effectively tied at the national level, while surveys of the key battleground states show Trump and Harris within a few points of each other, and well within the polls' margins of error.

Persons: Donald Trump, Toro, Kamala Harris, Harris, Trump Organizations: Republican, Democratic, White, ABC News, National Constitution Center, Trump Locations: Las Vegas , Nevada, U.S, Wilmington , DE, Philadelphia

The spokesperson declined to offer additional details, including the names of the officers who pulled Hill over and handcuffed the players, citing an ongoing internal affairs investigation. “I don’t want to speak for him, but it certainly felt like he wasn’t treated fairly,” Rosenhaus told NBC South Florida on Sunday. “Things escalated out of control.”A police union representative said Monday that Hill wasn’t cooperative and that he refused “to sit on the curb,” leading to his being “redirected” to the ground. The officer who has been put on administrative duty is a 25-year veteran of the department, according to the union. “When the officers were trying to talk to him, he was being very uncooperative,” Steadman Stahl, president of the South Florida Police Benevolent Association, told NBC South Florida.

Persons: Calais Campbell, Campbell, Walter Payton Man, Hill, Stephanie Daniels, Daniella Levine Cava, ” “, ”, Drew Rosenhaus, “, ” Rosenhaus, ” Steadman Stahl, ” Stahl, “ It’s, ” Steadman, couldn’t, Ron DeSantis, wasn’t, ” DeSantis Organizations: Miami Dolphins, Dolphins, Jacksonville Jaguars, Miami, Dade Police, Dade, NBC South, South Florida Police Benevolent Association, NBC, NBC News, Florida Gov Locations: Miami Gardens , Florida, Miami, Dade County, NBC South Florida, Florida

☆ Elon Musk is an imperfect mascot for free speech — but he's got a point on Brazil
▼ + stars: | 2024-09-08 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Musk's commitment to the issue of free speech, however, is otherwise spotty, if not outright hypocritical. The battle in BrazilIn Brazil, the battle got real for Musk. Starlink backed down, eventually complying with legal demands to block X in Brazil, but Musk hasn't given up. AdvertisementMusk argues in memesFor now, Musk seems to be defending free speech (and X's presence in Brazil) by publicly attacking de Moraes. "But if Elon Musk doesn't act differently, I think X or Twitter will be blocked in Brazil for a long time."

Persons: —, Elon Musk, Alexandre de Moraes, Narendra Modi, Moraes, Jair, Brazil's, Musk, de Moraes, Veridiana, Casey Newton, Donald Trump, Alex Jones, Pavel Durov, Durov, El Pais, X, Starlink, cosplaying, Luiz Inácio Lula da Silva, Lord Voldemort, Harry Potter, Mariana Valente Organizations: Service, Brazilian Supreme, Business, Electronic Frontier Foundation, Bloomberg, Twitter, Brazilian, SpaceX, Bolsonaro, Elon Locations: Brazil, Turkey, India

☆ Hedge fund turned to a wargame to plan for a Chinese invasion of Taiwan
▼ + stars: | 2024-09-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Related storiesIn the second phase of the game, soon after the Chinese invasion began, US forces were said to have engaged and stopped the Chinese amphibious assault, though China continued to bombard Taiwan. Daniel Ceng/Anadolu via Getty ImagesThis caught the hedge fund players by surprise: they had assumed EU sanctions were unlikely because of the depth of China-Europe trade, which reached $815 billion annually in 2023. The hedge fund "agreed that any room for avoiding a total divestment from China and the South China Sea was now completely lost, and market re-entry was probably many years away." The hedge fund responded by choosing to invest heavily in semiconductors manufactured in regions not affected by the war. "This would provide potential opportunities for new players to emerge in the Global South, particularly if loans can be collateralized," Knightsbridge noted.

Persons: Finley Grimble, liquidating, KSG, Daniel Ceng, Knightsbridge, Grimble, Michael Peck Organizations: Service, Business, Knightsbridge Strategic, Getty, Treasury, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: British, China, Taiwan, South China, Europe, South America, Japan, South Korea, Australia, Anadolu, South, Ukraine, Africa, East, Southeast Asia, Zimbabwe, Forbes

☆ She met a man on a rooftop bar on her first night in Paris. Her life changed forever
▼ + stars: | 2024-09-06 | by ( Francesca Street | ) edition.cnn.com time to read: +28 min

A series of fortuitous eventsWhen the train arrived in Paris, Erin and her seat neighbor went their separate ways, and Erin figured she’d never see him again. It’s called the Generator, and it has a great rooftop bar.’ And I love rooftop bars, so I remembered that.”Erin returned to the US, and she quickly lost touch with her train friend. Jordan figured the reviews were decent, the prices OK – and the rooftop bar looked appealing. “Then, that night, there was a party, an organized event on the rooftop,” Erin recalls. By then, fall had arrived, and Jordan’s summer stint at the rooftop bar was ending.

Persons: Erin Tridle, Erin, She’d, “ I’m, ”, she’d, “, we’ve, ‘ I’m, It’s, ” Erin, ’ ” Erin, Jordan, Frenchman who’d, ’ ”, Erin didn’t, ‘, ” Jordan, ‘ Let’s, ’ ” Jordan, he’d, – he’d, you’re, hesitating, we’ll, it’s, Jordan couldn’t, let’s, – Jordan wasn’t, Erin couldn’t, “ He’d, “ Jordan, Milian, hadn’t, Jordan –, ’, Anthony Bourdain’s, Anthony Bourdain, ’ Erin Tridle, She’ll, Jordan’s Covid, Erin’s, I’d, Nika Gunchak Erin, Jordan’s, – she’d, Paris, He’s, he’s, Frenchman, Jordan upended, Erin “, Jordan “, Sebastián, “ There’s, I’m Organizations: CNN, CNN Travel, Jordan, Omicron, Eiffel Locations: Paris, of Versailles, Europe, Los Angeles, Sacre, America, France, Caribbean, Australia, Paris ”, “, ”, Seine, Milan, French, Nice, Sebastián, Spain’s Basque, United States, Erin, LA, ‘, 8th, ’, American, TikTok

☆ Sub-$3 gas is making a comeback. Dozens of states could be below $3 by Thanksgiving
▼ + stars: | 2024-09-06 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Andy Lipow, president of consulting firm Lipow Oil Associates, expects that another nine states will join the sub-$3 list in the next two weeks. “Gas prices, after two-plus years of sizzling because of outside factors like Covid and Russia, are finally coming back into balance,” said De Haan. The accelerating drop in gas prices should help ease financial pressure on consumers and contribute to the cooling inflation rate. Some economists say gas prices will likely be a deciding factor, and lower prices will favor the current administration. ‘Panic and fear’ at OPECAnalysts told CNN that this trend of lower gas prices is likely to continue, despite the shift in strategy from OPEC+.

Persons: Andy Lipow, Patrick De Haan, ”, De Haan, Kamala Harris, “, ” Lipow, Bob McNally, McNally, George W, Bush, Trump, We’re, ” Trump, Tom Kloza, Kamala Harris ’, CNN’s Chris Isidore Organizations: New, New York CNN, AAA, Drivers, Lipow Oil Associates, CNN, “, Federal Reserve, OPEC Analysts, Rapidan Energy Group, OPEC, Trump, Oil Price Information Service Locations: New York, Texas , Kentucky, Kansas, OPIS, Russia, Arizona, Nevada, Georgia, OPEC, China, United States, Saudi Arabia, Ukraine, America

☆ Boeing Starliner capsule returns home from space — without astronauts on board
▼ + stars: | 2024-09-06 | by ( Jackie Wattles | Ashley Strickland | ) edition.cnn.com time to read: +11 min

Relive the Boeing Starliner capsule’s return home as it happened. CNN —Boeing’s Starliner capsule returned from the International Space Station Friday evening — concluding its nearly three-month stay in space. This screengrab taken from a video shows Boeing Starliner as it touches down in White Sands Space Harbor, New Mexico, at 12:01 a.m. Boeing and NASA teams work around NASA's Boeing Crew Flight Test Starliner spacecraft after it landed uncrewed at White Sands, New Mexico, on September 7. NASA astronauts Mike Fincke, left, and Scott Tingle look inside NASA's Boeing Crew Flight Test Starliner spacecraft after it landed uncrewed at White Sands Missile Range’s Space Harbor, in New Mexico, on September 7.

Persons: CNN —, Butch Wilmore, Suni Williams, Starliner, —, “, ”, Williams, Calypso, ” Williams, you’ve, uncrewed, Aubrey Gemignani, Mark Nappi, Steve Stich, we’ve, ” Stich, we’d, ” Stitch, Butch, Suni, NASA Starliner’s, Wilmore, Stitch, Stich, Mike Fincke, Scott Tingle, NASA ‘, …, Ken Bowersox Organizations: Boeing, CNN, International, NASA, NASA's Boeing, SpaceX, White, Space Operations, Software Locations: Sands, , New Mexico, terra firma, Starliner, White Sands , New Mexico, New Mexico

☆ With Musk’s X banned in Brazil, its users carve out new digital homes
▼ + stars: | 2024-09-05 | by ( ) www.cnbc.com time to read: +5 min

Brazil's X users, left casting about for a new platform, mostly started washing up on Threads and Bluesky. Everyone hadn't been on X; Brazil's social masses are primarily on TikTok, Instagram and Facebook . So as X went dark in this highly online country of 213 million, its users started migrating. Meta declined to provide specifics on Brazilian users. Bluesky gained 2.6 million users since last week, 85% from Brazil, the company said Wednesday, boosting its total to over 8 million.

Persons: Elon Musk, Jair Bolsonaro, Mauro Pimentel, Elon Musk's, X, Alexandre de Moraes, Shauna Wright, de Moraes, hadn't, Meta's Instagram, Wright, didn't, Mark Zuckerberg, Jack Dorsey, Cris Faga, Luiz Inácio Lula da Silva, Tatiane Queiroz, Bluesky, Jefferson Nascimento, Nascimento, Egerton Neto, —, Jay Graber, Ton Molina Organizations: AFP, Getty, Brazilian, Facebook, Twitter, Associated Press, Meta, Federal Supreme Court, Elon, Nurphoto Locations: Copacabana, Rio de Janeiro, Brazil, San Francisco, Bluesky, Brazilian, Mato Grosso, Sao Paulo, Recife

☆ Fontana, California: Police pressured him to confess to a murder that never happened
▼ + stars: | 2024-09-05 | by ( Rachel Clarke | Shimon Prokupecz | ) edition.cnn.com time to read: +35 min

The medication, it took over, and we need to find Daddy right now.”Later, Perez asked for medical attention. She knows, because she was walking through all the blood.”Time and again they asked Perez to imagine what could have happened. “They picked me up, they read me my rights and my mind’s going, ‘What’s going on?’,” the elder Perez told CNN. The elder Perez told CNN the samples had been identified as coming from a male, but that was all. Harrell, whose office is counsel to the city of Fontana, asked CNN to return any video it had, unaired.

Persons: California CNN — Tom Perez, Perez, ” Perez, “, Tom Perez, —, “ Papa Tom ” —, Margo —, Margo, …, That’s, ”, Joanna Piña, Cpl, Sheila Foley, Piña, ” Foley, Robert Miller, Miller, PEREZ, Fontana, David Janusz, Kyle Guthrie, Guthrie, Thomas —, Perez —, Janusz, berate Perez, Dolly Gee, ” Guthrie, “ Thomas, that’s, ” Janusz, Jeff Noble, . Miller, ” Noble, They’re, Mr, where’s, Perez’s, Carl Peraza, Peraza, Tom, ” Peraza, Police badgered Perez, ‘, ’ Janusz, … You’re, Thomas, Thomas ’, you’re, Judge Gee, “ She’s, ” Tom Perez, Noble, — Perez, Father, Thomas Perez, Miranda, ‘ What’s, Papa Tom, Jerry Steering, he’d, they’ve, it’s, Shel Harrell, Harrell, ” Judge Gee, Ruben Duran, ” Duran, he’s, Fontana Guthrie, Michael Dorsey, Perez Jr, Dorsey, there’s, CNN it’s Organizations: Fontana, California CNN, CNN, Fontana Police Department, THE, US, ” Police, Police, that’s, Los Angeles International Airport, City of, City Locations: California, Fontana , California, Fontana, Los Angeles, Oakland , California, Northern California, City of Fontana, “, United States

☆ U.S. safety regulator calls for probe of Temu, Shein over 'deadly baby and toddler products'
▼ + stars: | 2024-09-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Two U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of "foreign-owned" e-commerce platforms such as Shein and Temu, specifically the alleged sale of "deadly baby and toddler products." "Our interests are aligned with the U.S. Consumer Product Safety Commission (CPSC) in ensuring consumer protection and product safety, and we will cooperate fully with any investigation," the Temu spokesperson said. CPSC officials have asked for more funding to hire staffers to monitor emerging e-commerce platforms such as Temu and Shein over safety practices, according to The Information. Last April, a congressional commission released a report detailing issues with Shein, Temu and other "Chinese 'fast fashion' platforms.'" They alleged the sites have numerous product safety hazards, are connected to the use of forced labor and are exploiting trade loopholes, among other concerns.

Persons: Peter Feldman, Douglas Dziak, Temu, Shein Organizations: U.S, Consumer Product Safety, U.S . Consumer Product Safety, Discount, Google, PDD Holdings, Amazon, CNBC Locations: U.S, China

☆ Wasteful consumerism has a new worst enemy: Gen Alpha tweens
▼ + stars: | 2024-09-03 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Some Gen Alpha kids are taking a stand against buying too much stuff — and dragging their parents along for the ride. AdvertisementA 2024 survey of 1,000 Gen Alpha parents found that 63% of their kids care about sustainability. While Zoomers and millennials prefer to shop online, Gen Alpha specifically likes shopping in-store. Som Gen Alpha kids are "minimalists." Overall, Delisle doesn't think it's likely that every Gen Alpha child is above consumerism.

Persons: Yuriy Boykiv, we'll, Gen, McCrindle, Boykiv, Zers, Gen Alpha, Alpha, Wunderman Thompson, Alphas, Julie, she's, aren't, Laura Ascher, Alpha's, Stephen Yalof, David Delisle, Helenor Gilmour, Gilmour, Delisle, spender Organizations: Service, Alpha, Business, — Business, Gen Alpha, Wunderman Thompson Commerce, Gen, tweens, Stanley, Brain Locations: skincare

☆ SEC fines six major credit rating agencies over failure to keep electronic records
▼ + stars: | 2024-09-03 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —The US Securities and Exchange Commission fined six major credit rating organizations a total of $49 million for their “significant failures” to keep electronic communications. Moody’s Investor Services and S&P Global Ratings agreed to pay the heftiest fines, a $20 million civil penalty each. Fitch Ratings agreed to pay $8 million, A.M. Best Rating Services agreed to pay $1 million, HR Ratings de México, S.A. de C.V. $250,000, and Demotech agreed to pay $100,000, respectively. That included an associate managing director making off-channel comments about credit rating clients. “Moody’s is fully committed to upholding our regulatory record-keeping obligations, and we are pleased to put this matter behind us,” a Moody’s spokesperson said in a statement.

Persons: Demotech, ”, Sanjay Wadhwa, A.M, Demotech “, Fitch, México, “ Organizations: New, New York CNN, US Securities and Exchange, Moody’s Investor Services, Fitch, S.A, SEC, Services, P Global, CNN Locations: New York, SEC’s

☆ Brazil's top court orders nationwide suspension of Elon Musk's X
▼ + stars: | 2024-08-30 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Brazil's supreme court on Friday ordered a nationwide suspension of Elon Musk's social network X after the company vowed to defy earlier court orders concerning content moderation and the appointment of a legal representative in the country. Hours later, the court issued a second order suspending some of the measures in its first 51-page order against X. A suspension of X in Brazil could cause business problems for Musk's already embattled company. Musk has repeatedly denounced de Moraes' court orders as censorship. In its Thursday statement, X said de Moraes court had taken "illegal actions" against the company.

Persons: Elon, Alexandre de Moraes, de Moraes, Moraes, Musk, Starlink, De Moraes, X, Voldemort Organizations: Globo, Apple, Google, Twitter, World Bank, CBS, Starlink, Musk's SpaceX, U.S, Brazil weren't Locations: Brazil, NATO, U.S

☆ Elon Musk says voting by mail is ‘insane’ — but he has done it himself, records show
▼ + stars: | 2024-08-30 | by ( David Ingram | ) www.cnbc.com time to read: +7 min

Elon Musk has attacked voting by mail as an "insane" idea that encourages election fraud, but he voted by mail twice when he lived in California, according to records of his voting history obtained by NBC News. Musk voted by mail in November 2016, the year Donald Trump defeated Hillary Clinton, and in the November 2018 midterm election, the records show. The state records show that Musk had a sparse history of voting in California. This is the first time Musk's California voting records have been made public. Voting by mail was the choice of a majority of California voters both times Musk voted.

Persons: Elon Musk, Tesla, Porte, Musk, Donald Trump, Hillary Clinton, Barack Obama, John McCain, Mitt Romney, It's, Trump, Trump's, Kamala Harris, Clinton, Joe Biden Organizations: Viva Technology, Porte de, NBC News, NBC, Social, PAC, America PAC, Daily, SpaceX, Business, Tesla, White House Locations: Paris, France, California, Los Angeles, U.S, Texas, USA, North Carolina, Wisconsin, America, Brownsville , Texas, Austin, Florida

The next day, three minutes before shots were fired toward Trump, local police radioed that a man was on a nearby roof. That warning never made it to the Secret Service, whose snipers didn’t know the would-be assassin was on the roof until shots rang out. “I can confirm that the Butler County ESU team made radios available to the Secret Service and that they were not utilized by the Secret Service,” Goldinger said in a statement. But the issue of how to directly communicate with local law enforcement remains unresolved. Evan Vucci/AP Secret Service agents rush the stage immediately after the shooting.

Persons: Donald Trump, didn’t, “, bro, ‘, “ We’re, Clay Higgins, Higgins, ”, Richard Goldinger, ” Goldinger, Goldinger, ” Higgins, Butler, ’, Gene J, Ronald Rowe, Thomas Crooks, Crooks, Trump, ” Sen, Chuck Grassley, ” Grassley, “ It’s, Jonathan Wackrow, Wackrow, Evan Vucci, Brendan McDermid, Reuters Trump, Anna Moneymaker, Rebecca Wright, CNN Trump, Will Lanzoni, they’ve, Rowe Organizations: CNN, Secret Service, Trump, Louisiana Republican, Fairgrounds, Butler, ESU, Secret, White House Communications Agency, Department of Defense, Iowa, Republican, Service, NSA, Reuters, Milwaukee Brat House, Republican National Convention, Reuters Police, AP, AP Trump, Pennsylvania, Department of Homeland Security, State Police Locations: Louisiana, Butler, Butler , Pennsylvania, Pa, Pennsylvania, Milwaukee

☆ Ukraine got America's top tank without the latest and greatest armor upgrades, which are 'top secret,' but it's adding its own
▼ + stars: | 2024-08-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +9 min

Read previewUkraine is adding more protection to its US-provided Abrams tanks as it tries to fight back against Russia. The US started sending Abrams tanks to Ukraine in fall 2023, and altogether it has sent 31 of them. But without top armor, Ukraine needs to come up with its own solutions, he said. AdvertisementA Ukrainian tank with an added cage near the Russian border in northern Ukraine in August 2024. That confirmation indicates that the armor on the Abrams tanks, among certain other things, was downgraded prior to delivery.

Persons: —, Abrams, Ukraine didn't, Nicholas Drummond, Hamish de Bretton, Gordon, M1A2 Abrams, Pat Ryder, Charlie Dietz, Bretton, De Bretton, Drummond, ALEXANDER NEMENOV, Volodymyr Zelenksyy, Ryan Pickrell Organizations: Service, Russia, US, Business, British Army, Soviet, Bradley, Nuclear, Getty, Politico, M1A2, Pentagon, BI, Department of Defense, International Institute for Strategic Studies, Abrams, Challenger Locations: Ukraine, Russian, ROMAN, Bakhmut, Soviet, Russia, Khortytsky_wind, AFP, Western

☆ Wyoming is pushing crypto payments and trying to beat the Fed to a digital dollar
▼ + stars: | 2024-08-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

As crypto investing becomes more mainstream and institutionalized with bitcoin ETFs, Wyoming is already pushing into the next phase of growth for crypto: consumer payments. The visionWyoming is currently vetting potential partners and vendors with more tech expertise to help build the stable token. From there, it should be just another payment method for everyday things, said Flavia Naves, a commissioner at the Wyoming Stable Token Commission. "This is a public token as well so as with any public service, all the information is available." The commission invites the public virtually to its meetings on the stable token and posts the minutes to its website afterward.

Persons: Long, Gordon, Washington's, Mark Gordon, it's, Flavia, we've Organizations: CNBC, treasuries, Treasurys, State, U.S ., Treasury, Federal Reserve, Atlantic Council Locations: United States, Wyoming, Jackson, Jackson , Wyoming, Solana

☆ ‘Between the Temples’ Review: A Widower Walks Into a Bar
▼ + stars: | 2024-08-22 | by ( Manohla Dargis | ) www.nytimes.com time to read: +2 min

Ben Gottlieb — the touchingly soulful hero of the soulful, delightfully tetchy “Between the Temples” — is a mess. Yet because the filmmaker Nathan Silver has an appreciation for life’s ironies and likes putting a topspin on his comedy, Ben lives with both his mother and stepmother. Ben — a perfect Jason Schwartzman — is a sad sack, but he’s also just sad and for a very good, excruciating reason, too. They reconnect in a bar, where she helps the soused, deflated Ben, a kindness that takes an unexpected turn when she shows up at the synagogue. Judith says they think he “needs to start seeing a doctor,” a suggestion that Ben says he’s open to.

Persons: Ben Gottlieb —, Nathan Silver, life’s ironies, Ben, Ben —, Jason Schwartzman —, he’s, Carla Kessler O’Connor, Carol Kane, Carla, Rabbi Bruce, Robert Smigel, Ben relents, Mason Wells, Meira, Judith, Caroline Aaron, Dolly de Leon, ” Locations: Ben, New York

☆ X closes office in Brazil amid Elon Musk's censorship feud with Supreme Court judge Alexandre de Moraes
▼ + stars: | 2024-08-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewX's office in Brazil is set to close "immediately" amid an escalation in Elon Musk's public feud with Brazilian Supreme Court judge Alexandre de Moraes. "Last night, Alexandre de Moraes threatened our legal representative in Brazil with arrest if we do not comply with his censorship orders," the X Global Government Affairs office announced in a post on the platform. The social media platform remains available for residents of Brazil to access, the company's post noted. X initially agreed to block the accounts per Brazil's legal orders, complying with content moderation requests similar to those made by Turkey, which the platform has previously agreed to honor.

Persons: —, Alexandre de Moraes, Rachel Nova Conceicao, Moraes, De Moraes, Jair Bolsonaro, de Moraes, Brazil's, Jair Bolsonaro's, X, Musk Organizations: Service, Brazilian, X Global Government Affairs, Business, The National High Court, Reuters, Global Government Affairs Locations: Brazil, Elon, Turkey, andover

☆ Opinion | The Risks of Experimenting With the Sun
▼ + stars: | 2024-08-13 | by ( ) www.nytimes.com time to read: +1 min

Claims that solar radiation modification, or S.R.M., could control the sun’s warming effects ignore the immense risks and the reality of sudden temperature spikes if deployment is stopped. This technology could never “restore” the climate but would further destabilize an already disturbed climate system, leading to unforeseen and irreversible ecological disasters, and severely affecting current and future generations. Almost 500 leading scientists and more than 2,000 civil society organizations worldwide are calling for a solar geoengineering non-use agreement. Both African ministers and the European Parliament have called for such a mechanism, reflecting a growing consensus against these dangerous experiments. It’s alarming that the key lesson learned from the Harvard solar geoengineering research project’s failure appears to be to proceed with less transparency, denying the public’s right to know about future experiments — while ignoring a global de facto moratorium of the United Nations on all geoengineering.

Organizations: Harvard, United Nations

☆ Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan
▼ + stars: | 2024-08-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Russian banks are running low on yuan, Bloomberg reported. AdvertisementAn intensifying supply crunch in the Chinese yuan has pressured Russians to embrace a costlier method of securing the needed currency, Bloomberg reported. With the yuan liquidity shortfall doubling, Russian firms have grown increasingly dependent on yuan swaps provided by the Bank of Russia, Bloomberg said, but borrowing the yuan this way comes at a higher rate. This hasn't stopped yuan swap activity from ballooning. But even before the fresh sanctions package took effect this summer, Chinese banks were already halting yuan payments with Russia over fears of Western repercussions.

Persons: That's, —, Bloomberg, Jake Sullivan Organizations: Bloomberg, Service, Bank of Russia, US, Treasury Department, National, Carnegie Russia Eurasia Center Locations: Moscow, Beijing, Russia, Ukraine, China

☆ Airbnb's struggles go beyond people spending less. They're losing some travelers to hotels.
▼ + stars: | 2024-08-13 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

But Brown told Business Insider that more recent disappointing experiences with short-term rentals have led to a change of heart. This story is available exclusively to Business Insider subscribers. It's a far cry from the record-setting demand Airbnb saw immediately following COVID-19 lockdowns, when travelers craved private homes and acres of outdoor space. Hotels are winning over travelers in some areasDemand for Airbnbs is stalling or slipping in some categories where hotels are competitive, according to AirDNA. "I'm going to go check hotels and see if this is actually the best value," he told Business Insider.

Persons: —, Duane Brown, Brown, there's, Airbnb, AirDNA, Brian Chesky, Chesky, Jamie Lane, Lane, Adam Burgh, Burgh, might've Organizations: Service, Business, Daytona, Seattle, Marriott Locations: London, Toronto, Budapest, Florida, Sarasota, Rio de Janeiro, South America, Airbnbs, Whidbey, Seattle

☆ The Olympics brought rare unity to France. Now back to the political games.
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +7 min

PARIS — It’s 1:00 a.m. on the banks of the Canal de Saint-Denis and the 2024 Paris Olympics closing ceremony finished an hour ago. But the political and social turmoil France faced before a ghostly metal horse galloped down the Seine has not gone away. French President Emmanuel Macron at the Paris Olympic Games. The French president could easily have been giving his view on France’s immediate political future when discussing the rain-drenched opening ceremony with NBC News. Optimism aside, analysts believe the country faces years of deadlock that could end with a far-right president in 2027.

Persons: Denis, Sara Zinger, Mary Mathurin, France's Leon Marchand, Dar Yasin, Emmanuel Macron, Pascal Le Segretain, Macron, Macron’s, Rainbow Murray, they’ve, Murray, Le Pen, Lady Gaga —, Le, Maxime Jourdan, Marine Le Pen, Charles Platiau, who’s, it’s, Rene Nijhuis, Paris Mayor Anne, Marie Hidalgo, France’s Le, Alain Jocard, Hector Gore Organizations: PARIS, Stade de France, Marine, Paris Olympic, NBC, Queen Mary University of London, Rally, Olympics, Olympic, BSR Agency, Getty, Eiffel, Concorde, triathletes, Paris Mayor, France’s Le Figaro, Metro, Paris Games, French, Square, Games Locations: Saint, Parisian, hipsters, France, Paris, Europe, Seine, Montmartre, AFP

☆ Glorious farewell to the Paris Olympics and the U.S. rushes firepower to the Middle East: Morning Rundown
▼ + stars: | 2024-08-12 | by ( Elizabeth Both | Elizabeth Both Is An Associate Platforms Editor For Nbc News | Based In New York. | ) www.nbcnews.com time to read: +9 min

A spectacular closing ceremony hands the Olympic Games over to Los Angeles. And a false JD Vance rumor sparks a misinformation row. A glorious farewell to Paris OlympicsGetty ImagesAu revoir to the Paris Games. Kamala Harris pledged to eliminate taxes on tipped wages for service workers, matching a proposal from former President Donald Trump. Politics in BriefTrump campaign: Former President Donald Trump’s campaign has said it was hacked by an Iranian group.

Persons: Vance, Katie Ledecky, Nick Mead, Tom Cruise, Ledecky, Simone Biles, Suni Lee, dazzled, ” Sha’Carri Richardson, Noah Lyles, Guy ” Stephen Nedoroscik, Yusuf Dikeç, Read, JD, Vic e, tol, stu, ord, ami, Flo, bui, Ken Bak, roa Organizations: Olympic Games, Paris, Paris Games, Stade de France, Team USA, U.S, acc, Uni, NBC Locations: Los Angeles, The U.S, American, U.S, Turkish

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