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Mizuhara was one of Bowyer’s clients, placing at least 19,000 bets with Bowyer’s illegal gambling business from September 2021 to January 2024, according to prosecutors. Bowyer would increase Mizuhara’s betting limits even as Mizuhara had total losing bets of at least $182,935,206, leaving the former interpreter owing about $40,678,436, the plea agreement states. Bowyer’s other clients include “Individual B,” a professional baseball player for a Southern California-based baseball team, and “Individual C,” a former minor-league baseball player, the plea agreement states. In his plea agreement, Bowyer admitted to falsely reporting his taxable income to the IRS on his tax return for 2022. That year, Bowyer reported $607,897 in total income, while his unreported income from his illegal gambling business was $4,030,938, officials said.
Persons: Shohei Ohtani’s, Ippei Mizuhara, Matthew Bowyer, Diane Bass, ” Bowyer, Ohtani, Mizuhara, Bowyer, , Martin Estrada, Organizations: CNN, Dodgers, Justice Department, US, Office, Central, Central District of, Los Angeles Dodgers, ESPN, Los Angeles Times, Major League Baseball, Bowyer Locations: Central District, Central District of California, Los Angeles, Orange, Las Vegas, Ohtani, Costa Rica, Southern California
Read previewHundreds of people thronged the Guangzhou office of the e-commerce platform Temu in rallies this month, protesting fines and refund policies they said are destroying small merchants' profits. About 80 merchants gathered on Monday on the 30th floor of the Guangzhou office building, with some eventually gaining entry to the company premises, Chinese outlet Yicai reported. The China Securities Journal, a Beijing-based outlet run by state agency Xinhua, wrote that merchants had approached the Guangzhou office about 10 times in July over their complaints. On China's social media, anger is mounting toward what is being seen as Western shoppers taking advantage of Chinese merchants. "Foreigners can buy products from Chinese merchants, receive the goods, and not spend any money," wrote one blogger based in Hebei.
Persons: , Temu Organizations: Service, PDD Holdings, Business, South China Morning, China Securities Journal, Xinhua Locations: Guangzhou, Temu, Beijing, Hebei, China
The stock, however, was up 2% after Boeing announced its new CEO, industry veteran Kelly Ortberg. Jim Cramer said Wednesday that Ortberg is a "real serious guy, hands-on operator." Cramer said the new CEO will send Boeing shares higher: "But it." It will continue to be good, and we're not in it," Cramer said, referring to not owning the stock in the CNBC Investing Club portfolio. "Mastercard is doing better than Visa because of ancillary businesses they have in addition to cross-border," Cramer said.
Persons: Jim Cramer's, Kelly Ortberg, Jim Cramer, Cramer, Jayshree Ullal, There's, we're Organizations: CNBC, Club, Boeing, Arista Networks, Arista, Mobile, Mastercard, Visa
Paul Pelosi, husband of Nancy, purchased 10,000 shares of Nvidia last week. According to a financial disclosure form made with the Clerk of the House of Representatives on July 30, Paul Pelosi purchased more shares of Nvidia and trimmed his stake in Microsoft the prior week. In that disclosure, Paul purchased 10,000 shares of Nvidia stock in late June. In December 2021, Pelosi responded to the idea of a possible stock trading ban with, "We are a free-market economy. AdvertisementAnd in July 2022, Pelosi denied the idea that her husband had made stock trades based on information she shared with him.
Persons: Paul Pelosi, Nancy, , Nancy Pelosi, Paul, Pelosi Organizations: Nvidia, Service, Microsoft
The rally would be sparked by a dovish Fed FOMC meeting on Wednesday that all but confirms imminent interest rate cuts. "These are significant gains, implying the S&P 500 could gain 200-300 points in the next week," Lee said. "The key premise is the Fed is likely to commit to a September rate cut of at least 25bp. Lee's confidence in a strong rally post-Fed meeting is based on the fact that recent Fed meetings have sparked a big rally in stocks. "Here are some tangible reasons a Fed cut makes sense: 30-year mortgage has excess spread to 10-year due to uncertainty.
Persons: Tom Lee, Lee, Organizations: Service, Fed, Nasdaq
Once revered as the abodes of the gods, some bring forth diamonds from the depths of the earth. But they also spit lava, shake the earth, unleash towering walls of water and repaint the world’s skies. “We’re going through a volcanic crisis,” said Matthew J. Roberts, the managing director of the Icelandic Meteorological Office. “This is perhaps the most intense period of volcanic activity affecting an urban environment at the moment.” Officials are now further restricting access to the likely eruption site, he said. The latest episode began on May 29, when a volcano in southwestern Iceland erupted for the fourth time since December.
Persons: , , Matthew J, Roberts Organizations: Icelandic Meteorological Locations: Iceland, Grindavik
Gavin Newsom of California has ordered state officials to remove homeless encampments and makeshift shelters, affecting thousands of unhoused people. In this audio essay, the sociologist Matthew Desmond calls out Californians who, “despite their self-declared progressivism, have been unwilling to do what was necessary to address the housing crisis.”Below is a lightly edited transcript of the audio piece. To listen to this piece, click the play button below.
Persons: Gavin Newsom, Matthew Desmond, Organizations: California
Dividend stocks are set to surge as investors deploy $6 trillion from money-market funds, Bank of America says. Investors could be looking to invest their cash as the Fed gets ready to cut interest rates in September. AdvertisementSome of the highest-yielding S&P 500 companies include Walgreens Boot Alliance, Altria, Verizon, Ford, and AT&T. And while the S&P 500 as a whole offers a dividend yield of about 1.25%, there are nearly 300 S&P 500 stocks that offer a higher yield. AdvertisementSome of the high-paying dividend stocks recommended by Belski include Abbvie, Chevron, Duke Energy, Gilead Sciences, and Pfizer.
Persons: , Savita Subramanian, Subramanian, BMO's Brian Belski, Belski Organizations: Bank of America, Fed, BMO, Gilead Sciences, Service, Treasury, Walgreens Boot Alliance, Altria, Verizon, Ford, Belski, Duke Energy, Pfizer Locations: Chevron, Gilead, Abbvie
Trump Questioned Harris’s Racial Identity
  + stars: | 2024-07-31 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
Donald Trump questioned Kamala Harris’s identity as a Black woman today in front of an audience of Black journalists. “She was Indian all the way, and then, all of a sudden, she made a turn, and she went, she became a Black person,” he said of Harris, whose mother is Indian American and whose father is Black. The Harris campaign condemned Trump’s remarks and the White House called his comments “repulsive.”From start to finish, Trump’s appearance at the National Association of Black Journalists convention was contentious. The event — one of the most unusual appearances of the presidential campaign so far — was an opportunity for Trump to stake his claim to Black voters that he has insisted he can win over, even as he runs against the first Black woman ever nominated by a major party. But it was not clear he succeeded.
Persons: Donald Trump, Kamala Harris’s, , Harris, Trump’s, Abraham Lincoln Organizations: National Association of Black Journalists, Trump Locations: Indian, Indian American
Wall Street expects the retail giant to report adjusted earnings per share of $1.47 in the quarter and revenue of $148.78 billion, according to data from Bloomberg. Here's what Wall Street expects from Amazon's upcoming second-quarter earnings report. While the US consumer is showing signs of softening, the bank expects Amazon's retail unit to be a beneficiary from the current economic environment. "AWS sales, in constant currency, may meet consensus' high-teens view," Bloomberg Intelligence said. AdvertisementThe analysts also said Amazon's advertising revenue could continue to grow at a "20%-plus pace as Amazon takes market share."
Persons: , Wall, Goldman Sachs, Amazon's, Rufus Organizations: Service, Bloomberg, Business, Bank of America, of America, 1Q, " Bank of America, Citi, Amazon, 2Q, JPMorgan, Bloomberg Intelligence Locations: America, North America
“We were never asked what we’d seen or where we were from Secret Service. “Before this incident, I would have thought Secret Service is, like bulletproof. The Beaver County officials were part of a multi-jurisdictional team assisting the Secret Service for Trump’s July 13 rally. The Secret Service has not responded to questions for comment from CNN. A federal law enforcement official familiar with the matter said the Secret Service was and has been in touch with the lead for the Butler Emergency Services Unit, which oversaw the Beaver County local law enforcement officers and others that day.
Persons: Robert Rowe, Donald Trump’s, Thomas Matthew Crooks, Nate, Patrick Young, Rowe, ” Young, , we’d, Crooks, you’re, Young, Trump, Butler, ” Rowe, they’d, , Greg Nicol, Bible, Nicol Organizations: CNN, Emergency Services Unit, Service, Secret, Secret Service, Trump’s, Trump, Butler Emergency Services Unit, Beaver Locations: Pennsylvania, Beaver County, Beaver, Butler , Pennsylvania, Butler
Former President Donald Trump is rushed offstage by U.S. Secret Service agents after being grazed by a bullet during a rally on July 13 in Butler, Pennsylvania. Anna Moneymaker/Getty ImagesMore than two weeks after Donald Trump survived an assassination attempt, federal investigators are still trying to uncover the motive of the former president’s would-be assassin. Rojek also said that Trump has agreed to sit for a victim interview with the FBI – a routine part of criminal investigations. Crooks, Rojek said, used aliases to make firearms-related purchases online, beginning in the spring of 2023. CNN has reported that text messages between law enforcement before the shooting began suggest that some officers raised Crooks’ presence at the rally more than 90 minutes before he climbed onto a roof and began firing at Trump.
Persons: Donald Trump, Anna Moneymaker, Thomas Matthew Crooks, Kevin Rojek, Rojek, Trump, Crooks, ” Crooks, Republican Sen, Chuck Grassley Organizations: Secret, FBI, Pittsburgh Field Office, Monday, CNN, Trump, Republican, Emergency Unit, The New York Times Locations: Butler , Pennsylvania, Beaver
Merck : The drugmaker reported a better-than-expected quarter. It raised its full-year sales outlook but was still a little short of estimates. Jim Cramer said Tuesday he would take advantage of the dip and buy Merck ahead of the benefit from this drug. Pfizer : Better-than-expected sales and adjusted earnings, as well as a full-year outlook raise, were not enough to keep the stock higher. PayPal : The digital payments company reported a better-than-expected quarter.
Persons: Jim Cramer's, Jim Cramer, Cramer, Alex Chriss, Anthony Noto Organizations: CNBC, Club, Merck, FDA, Pfizer, PayPal, Aerospace
Read previewThe COVID pandemic was an unprecedented boom for the Pokémon card business. Few can forget the $3.5 million YouTuber-boxer Logan Paul blew on a pack of Pokémon cards that turned out to be GI Joe collectibles. He estimated that last year, PSA graded at least 6 million Pokémon trading cards out of the total 14 million it processed. It's made a lifetime total of more than 64.8 billion Pokémon cards since 1999, and production has been accelerating rapidly since the pandemic. Most customers wait a maximum of two months for their graded card, which returns with a rating between 1 and 10.
Persons: , Logan Paul, It's, Ryan Hoge, Hoge, Pokémon, John Keeble, Jens Ishoey Prehn's, IDA MARIE ODGAARD, Ritzau Scanpix, Yu Organizations: Service, Sports, Business, Nintendo, Getty, PSA, IDA Locations: London, Niva, Denmark, AFP, Japan, California, Tokyo, California , New Jersey
SAINT-DENIS, France — With a 90-yard run as the final seconds ticked off the clock, Alex Sedrick and Team USA’s women’s Eagles rugby team snatched the bronze medal off the necks of a heavily-favored Australian team to deliver America its first Olympic medal in rugby sevens. Then the green and gold pinned the Americans deep in their own end, inching them backward as the final seconds ticked off the clock. AdvertisementBut then Sedrick got possession in the middle of the field and burst through a hole in the Aussie defense. In an instant, Sedrick was off on 90-yard sprint down the grass, that finished with her running through the uprights. But in a game with just 14 players on a massive field, anything can happen, and in the final seconds against the Aussies, Sedrick made sure it did.
Persons: DENIS, Alex Sedrick, USA’s, Sedrick, Michael Steele Organizations: USA’s women’s Eagles rugby, Eagles, Australians, Aussie, Zealand Locations: France
The cyclical bull rally starting in October 2022 is expected to last into 2025, according to Ned Davis Research. The firm highlights a chart that shows the historical trends of cyclical bull market rallies, and when they typically end. The research firm published a note last week that included a chart illustrating prior cyclical bull rallies within a secular bull market, as is the current rally. To monitor the current health of the bull rally in stocks, the research firm suggests investors closely monitor earnings results. Ultimately, the recent correction "should give way to another leg higher in the continuing bull market," Ned Davis Research concluded.
Persons: Ned Davis, , Ned Davis Research, bode Organizations: Ned Davis Research, Service, Nasdaq
CNN —Federal investigators are looking into a YouTube account possibly connected to the would-be Donald Trump assassin in which the user espoused political violence as well as antisemitic and anti-immigration themes, a source familiar with the investigation told CNN. FBI Deputy Director Paul Abbate said at a congressional hearing Tuesday that investigators had uncovered a social media account where Thomas Matthew Crooks may have posted those themes but didn’t specify the platform and said they are still working to confirm the connection with the shooter. Officials have repeatedly said that they have struggled to understand the 20-year-old shooter’s motive and that they are combing his online presence for more information. “Something just very recently uncovered that I want to share is a social media account, which is believed to be associated with this with the shooter – in about the 2019, 2020 timeframe,” Abbate said Tuesday. On that account, “there were over 700 comments,” Abbate said, which, “if ultimately attributable to the shooter, appear to reflect antisemitic and anti-immigration themes, to espouse political violence, and are described as extreme in nature.”CNN has reached out to YouTube for comment.
Persons: Donald Trump, Paul Abbate, Thomas Matthew Crooks, ” Abbate Organizations: CNN, Federal, FBI, YouTube
Israel Struck a Suburb in Beirut
  + stars: | 2024-07-30 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
The Israeli military carried out an airstrike today in a suburb of Beirut, Lebanon, retaliating for an assault that killed 12 children and teenagers in the Israeli-controlled Golan Heights over the weekend. Israeli officials said the strike had targeted Fuad Shukr, a Hezbollah commander who Israel said was responsible for the Golan Heights attack. Lebanese officials said that at least one person had died from the strike. Prime Minister Benjamin Netanyahu of Israel had promised a “severe” response to the Golan Heights attack. Western officials had urged Israel to exercise restraint to avoid widening the long-simmering conflict between Israel and Hezbollah.
Persons: Fuad Shukr, Israel, Shukr, Haret Hreik, Benjamin Netanyahu Organizations: Lebanese, Hezbollah Locations: Beirut, Lebanon, retaliating, Golan, Beirut’s, Israel
But after its new leggings became the butt of endless jokes, the company will have to leave them behind. I’m not sure what’s going on over there, but that’s not very cute.” The customer said she is returning the leggings. “I also am not a huge fan of the butt seam. In a statement to CNN, a Lululemon spokesperson said it takes customer feedback seriously and will incorporate it into future designs. Earlier this year, Lululemon said it missed out on some sales because it did not stock as many different colors of leggings as customers wanted.
Persons: New York CNN —, Lululemon, Reddit, , TikTok, , JP Morgan, Matthew Boss, Boss, Alo, Vuori Organizations: New, New York CNN, CNN Locations: New York
Read previewAll eyes are on Meta Platforms with the company set to report its second-quarter earnings results after the market close on Wednesday. AdvertisementHere's what Wall Street expects from Meta's second-quarter earnings report. Looking forward, Post highlighted that a potential TikTok ban in early 2025 could provide a big boost to Meta's advertising business. Advertisement"With political spend, and potential TikTok ban in 1Q'25, Meta could also see an ad spend benefit in 2H'24," Post said. The company also has the potential to offer guidance on the monetization potential of its licensing of Llama, its open-source large language model.
Persons: , Meta, Justin Post, Ronald Josey, Josey, Wells, Wells Fargo, Ken Gawrelski, Gawrelski, Mizuho, James Lee, Lee, Mandeep Singh, Singh Organizations: Service, Meta, Nvidia, it's, Business, Bank of America, Citi, Cannes, Mizuho, Bloomberg Intelligence Locations: monetizing, Wells Fargo
The rally in small-cap stocks is set to continue after a bullish signal flashed for the first time since 2009, Fundstrat says. The Dallas Manufacturing Survey shows a sharp spread between current and forward expectations. Such spreads have historically preceded significant moves in small-cap stocks, Fundstrat's Tom Lee said. AdvertisementThe July rally in small-cap stocks is set to continue after a bullish signal flashed for the first time since 2009, according to Fundstrat's Tom Lee. Much of Lee's bullishness on small-cap stocks is based on compelling valuations, falling inflation, and the expectation of interest rate cuts later this year.
Persons: Fundstrat, Tom Lee, , Lee, you've Organizations: Dallas Manufacturing Survey, Service Locations: Dallas, Lee's
Image A photo of Fuad Shukr, from a wanted poster released by the U.S. State Department. Rewards for Justice, via Associated PressIt was not immediately clear whether Mr. Shukr, also known by his nom de guerre al-Hajj Mohsin, survived the Israeli assassination attempt. Assaf Orion, a retired Israeli brigadier general, described Mr. Shukr as “an experienced veteran” who had worked intensively to develop Hezbollah’s precision-guided missile apparatus. Analysts say the munitions are a particular concern for Israeli military planners. “It’s kind of run by committee, but Fuad Shukr is more or less first among equals,” he said, adding that Mr. Shukr reported directly to Mr. Nasrallah.
Persons: Fuad Shukr, Shukr, guerre, Hajj Mohsin, , Hassan Nasrallah, Mustafa Badreddine, Assaf, Matthew Levitt, Mohanad Hage Ali, Mr, Levitt, , Nasrallah, Ronen Bergman Organizations: U.S, U.S . State Department . Credit, Justice, Associated, The State Department, Hezbollah, Washington Institute for Near, Carnegie Middle East, Israel Locations: Beirut, Golan, Syria, American, Israeli, Lebanon
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA new high-profile report on US national defense acknowledged that the Pentagon could deplete its munitions within "three to four weeks" in a protracted war with China. Some important munitions, such as anti-ship missiles, could last only a few days, the commission warned. As an example, they cited a 2022 report from the Royal United Services Institute about the war in Ukraine. Defense industry 'grossly inadequate' even in peacetimeThe US commission warned that defense production as a whole is in bad shape, saying the wider industry doesn't have the capacity to meet national needs even in peacetime.
Persons: Organizations: Service, Business, Army, Democratic, Center for National American Security, Royal United Services Institute, Defense, Department Locations: China, Russia, Ukraine, United States, Donbas, Iran, North Korea
Washington CNN —Secret Service acting Director Ronald Rowe provided new details about the assassination attempt of Donald Trump on Tuesday, delivering forceful testimony at a Senate hearing about the agency’s failures earlier this month in Butler, Pennsylvania. But at the joint hearing of the Judiciary and Homeland Security committees, Rowe also highlighted the missteps of local law enforcement on July 13, when the former president was shot. Moving forward, Rowe told the committees, his agency will avoid assuming local law enforcement agencies are fully capable of fulfilling their role in protecting an event. Rowe told the lawmakers that local law enforcement was positioned in a nearby building and should have had a clear line of sight of Crooks on the roof. Tobra claimed that the account in question was “pro-Biden.”The Gab account has also not been conclusively connected to Crooks.
Persons: Ronald Rowe, Donald Trump, Rowe, Thomas Matthew Crooks, Paul Abbate, Abbate, Kimberly Cheatle, Crooks, , ” Rowe, Gary Peters, Hawley, Peters, it’s, ” Peters, we’d, , ” Crooks, Butler, Trump, shirk, “ I’m, they’d, Joe Biden, Sen, Josh Hawley’s, weren’t, John F, Kennedy, Cruz, ” Hawley, Republican Sen, Ted Cruz, Biden, ” Cruz, ” Abbate, Andrew Tobra, Tobra Organizations: Washington CNN, Service, Judiciary and Homeland Security, CNN, Capitol, Secret, Homeland Security, Secret Service, Department of Homeland Security, Biden, Trump, Missouri Republican, Republican, YouTube Locations: Butler , Pennsylvania, Butler, Missouri, Texas, Dallas, United States
Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. AdvertisementFor prominent tech figures, there's also a PR dimension to supporting the basic income concept, he said. AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.
Persons: , UBI, Jack Dorsey, Mark Zuckerberg, Elon Musk, Matthew Johnson, Geoffrey Hinton, Sam Altman, Jason Redmond, Johnson, they're, Scott Santens, Santens, computerization, there's, It's, Altman, Axel Springer, LLMs Altman, Anna Yelizarova Organizations: Service, Tesla, Business, Northumbria University, BBC Newsnight, Getty, Politico, Life Institute Locations: Paris, AFP
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