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☆ SpaceX Crew-8 astronauts taken to medical facility ‘out of an abundance of caution,’ NASA says
▼ + stars: | 2024-10-25 | by ( Jackie Wattles | ) edition.cnn.com time to read: +3 min

The four-person crew, which spent nearly eight months aboard the International Space Station before landing in the Gulf of Mexico on Friday at 3:29 a.m. However, the astronauts “were taken to a local medical facility for additional evaluation,” NASA news chief Cheryl Warner said in a statement from the space agency shared at 8 a.m. “Out of an abundance of caution, all crew members were flown to the facility together.”Warner confirmed at 9 a.m. ET that the crew was still at the medical facility, but did not provide details about the nature of the medical checks. Additional weather delays also pushed the Crew-8 astronauts’ return into late October.

Persons: Cheryl Warner, ” Warner, Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, Roscosmos —, ”, Richard Jones, NASA’s, “ They’ll, ” Jones, ’ Organizations: CNN, NASA, SpaceX, Space, International Space, Boeing Locations: Florida, Houston , Texas, Gulf of Mexico, Gulf, Houston

☆ Former Abercrombie CEO Mike Jeffries arraigned on sex trafficking charges
▼ + stars: | 2024-10-25 | by ( Mark Morales | ) edition.cnn.com time to read: +3 min

CNN —Former Abercrombie & Fitch CEO Michael Jeffries pleaded not guilty to a 16-count indictment at his arraignment in a New York federal court on Friday. Jacobson was employed by Jeffries and Smith to recruit, interview and hire men to perform commercial sex acts for Jeffries and Smith, according to the indictment. His attorneys did not comment as they left the courtroom, and Jeffries is due back in court on December 12. Jefferies stepped down as CEO of Abercrombie & Fitch in December 2014, having run the company since 1992. “As we shared when the accusations were first made public in October 2023, we are appalled and disgusted by the alleged behavior of Mr. Jeffries, whose employment with Abercrombie & Fitch Co. ended nearly ten years ago,” Abercrombie & Fitch said in a statement Wednesday.

Persons: Michael Jeffries, Jeffries, He’s, Matthew Smith, ”, Smith, James Jacobson, Jacobson, Jefferies, ” Abercrombie, Fitch, Gingras, Kara Scannell, Laura Dolan, John Towfighi Organizations: CNN, Abercrombie, Fitch, ”, Eastern, of, Abercrombie & Fitch, Abercrombie & Fitch Co Locations: New York, New York City, Long, Florida, Peace, of New York, West Palm Beach , Florida, Rice Lake , Wisconsin

Juan Diego Reyes for NBC NewsLara Trump, co-chair of the Republican National Committee and daughter-in-law of the former president, was among the speakers. There were no rainbow flags in the half-empty Charlotte ballroom where the Trump UNITY event took place. Headliners have included conservative influencers, Republican officials and Trump family members Lara Trump, Donald Trump Jr. and Marla Maples, the former president’s second wife. Trump has not attended any of the LGBTQ-led Trump UNITY events himself. In his speech on Tuesday, Grenell said that none of the speakers were paid to speak at the Trump UNITY events.

Persons: CHARLOTTE, Donald Trump, “ I’m, ”, Gage West, “, Lara Trump, Juan Diego Reyes, NBC News Lara Trump, didn’t, Trump, influencers, Donald Trump Jr, Marla Maples, Andrew Wheeler, Matthew Whitaker, National Intelligence Ric Grenell, Matt Gaetz, Aaron Schock, Richard Grenell, Trump’s, Grenell, Bill White, ” White, NBC News White, Don Webber, We’ve, ” Webber, ” Don Webber, NBC News Rob Smith, Black, ” Smith, Smith, ” Charles Moran, Rob Smith, “ It’s, ” Moran, Moran, Kamala Harris, Brandon Wolf, Harris, ” Wolf, Biden, Kamala Harris ’, NBC News Harris, Sam Alleman, “ Donald Trump’s, fundraised, Melania Trump Organizations: NBC News, Republican National Committee, RNC, NBC News Trump, Republican, Environmental Protection Agency, National Intelligence, Trump, NBC, Charlotte, ”, Black Trump, Conservative, Gallup, U.S ., Democratic Locations: N.C, Charlotte, Georgia , Wisconsin, Michigan, Congress, Palm, U.S, Philadelphia, Pittsburgh, Arizona, Nevada

☆ Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks
▼ + stars: | 2024-10-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Thursday, Oct. 24 CNBC's Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. Tesla shares were jumping 14.5% and leading the Nasdaq toward a higher open after the EV maker beat on quarterly earnings per share (EPS). Club industrial stocks Honeywell and Dover were dropping after issuing quarterly results. Semiconductor equipment maker Lam Research beat on quarterly earnings and revenue and its stock jumped 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Matthew J, Jeff Marks, Stocks, Jensen Huang, TSMC, Oppenheimer, Boeing machinists, Gary Kelly, Bob Jordan, EBITDA, Jim Cramer's, Jim Cramer, Jim, Ritzau Scanpix, Mads Claus Rasmussen Organizations: Nasdaq, Elon, Honeywell, Dover, Nvidia, Blackwell, Semiconductor, Lam Research, Boeing, Southwest Airlines, Elliott Investment Management, United Parcel Service, International, Mobile, Jim Cramer's Charitable, CNBC, EIFO, NVIDIA, Vilhelm, Via Reuters Locations: India, Southwest, Kastrup, Denmark

☆ Top 45 MLB free agents for 2024-25 with contract predictions, team fits: Will Soto get $600M+?
▼ + stars: | 2024-10-24 | by ( Jim Bowden | ) www.nytimes.com time to read: +48 min

MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Best team fits: Dodgers, Yankees, Mets, Diamondbacks, Red SoxSalary comps: NoneContract prediction: Minor-league contract4. Several teams have early interest in Walker, with the Astros and Mariners being the best early team fits. Best team fits: Padres, Rangers, Dodgers, Orioles, Guardians, MetsSalary comps: N/AContract prediction: None at this time19. Best team fits: Yankees, Mariners, Diamondbacks, BrewersSalary comps: Anthony Rizzo (2 years, $40M); Josh Bell (2 years, $33M)Contract prediction: 1 year, $15 million42.

Persons: Juan Soto, Corbin Burnes, Blake Snell, Max Fried, Roki Sasaki, Pete Alonso, Anthony Santander, Christian Walker, Alex Bregman, I’ve, He’s, Aaron Judge, Bobby Witt Jr, Soto, Mike Trout, Mookie Betts, Cy Young, Burnes, Stephen Strasburg, Jacob deGrom, Aaron Nola, Roki, Sasaki, he’s, Gerrit Cole, Cole, Cole won’t, Will, Brett Davis, They’ll, Carlos Rodón, Patrick Corbin, Tyler Glasnow, Pete, Matt Olson, Nolan Arenado, Kris Bryant, Carlos Correa, George Springer, Matt Chapman, Nolan Arenado’s, Dana Brown, Xander Bogaerts, Snell, —, José Berríos, Sonny Gray, Freddy Peralta, Peralta, Anthony, Shohei Ohtani, Tommy Gilligan, Brandon Nimmo, Willy Adames, Corey Seager, Andrew Friedman, Adames, Dansby Swanson, Javier Báez, Trevor Story, Marcell Ozuna, Ozuna, Walker, Paul Goldschmidt, Anthony Rizzo, Cody Bellinger, Cody Bellinger didn’t, Bellinger, Nick Castellanos, Kyle Schwarber, Shane Bieber, Tommy John, Bieber, Sean Manaea, Brad Penner, Manaea, Hyun Jin Ryu, Eduardo Rodriguez, Chris Bassitt, Miles Mikolas, Jack Flaherty, Flaherty, NL Cy Young, Lance McCullers Jr, Mitch Keller, Pablo López, Kyle Hendricks, Tomoyuki Sugano, Sugano, Michael Wacha, Jameson Taillon, Jon Gray, Nathan Eovaldi, Seth Lugo, Teoscar Hernández, Jayne Kamin, Teoscar, Hernández, Starling Marte, Jorge Soler, Walker Buehler, Buehler, Tanner Scott, Raisel Iglesias, Robert Suarez, Jurickson, Profar, Mitch Haniger, Lourdes Gurriel Jr, Michael Conforto, Eugenio Suárez, Suárez, Chris Taylor, Max Muncy, Jordan Montgomery, Wasserman, Ken Kendrick, Montgomery doesn’t, Seong Kim, Mike Shildt, Kim, J.P, Crawford, Jeff McNeil, Nico Hoerner, Orlando Arcia, Gleyber Torres, Torres, Tyler O’Neill, Bob DeChiara, Cody Bellinger —, O’Neill, Andrew Benintendi, Ian Happ, Yusei Kikuchi, Kikuchi, Tyler Anderson, Brandon Lowe, Lowe, Brandon Drury, Jorge Polanco, Nick Martinez, Martinez, Charlie Morton, Frankie Montas, Joc Pederson, Rhys Hoskins, Mitch Garver, Justin Turner, Charlie Blackmon, Carlos Estévez, Gregory Fisher, Estévez, Dave Dombrowski, Jeff Hoffman, Kendall Graveman, José Alvarado, Joe Jiménez, Ryan Pressly, Taylor Rogers, Luis Severino, Zach Eflin, Lucas Gioloto, Marcus Stroman, Reynaldo López, Jose Quintana, Tyler Mahle, Blake Treinen, Emilio Pagán, Wandy Peralta, Alex Verdugo, Mark Canha, Manuel Margot, Hunter Renfroe, Jose Iglesias, Chris Sale, Iglesias, Isiah Kiner, Miguel Rojas, Goldschmidt, Josh Bell, Hoskins, Hoffman, Matt Strahm, Chris Martin, Matthew Boyd, Boyd, Lance Lynn, Kyle Gibson, Clay Holmes, Luke Weaver, Dan Goldfarb, Mary DeCicco, Daniel Shirey Organizations: MLB, eventual, The Athletic, Baseball, OF, Boras, Yankees, American League, New York, Blue Jays, Dodgers, Phillies, Rangers, Nationals, Mets, Orioles, Red Sox, Chiba Lotte Marines, NPB, Diamondbacks, Angels, Kansas City, Braves, FIP, Star, Mariners, Astros, Giants, Rockies, Cardinals, Cy Young, Brewers, Milwaukee, Anthony Santander, RF, Santander, Reds, Adames, Rays, Cubs, Pirates, Cy, Guardians, Padres, Tigers, NL Cy, Twins, Yomiuri Giants, of Famers, Royals, Excel, Marlins, NL, The Diamondbacks, Montgomery, Sox, Tampa Bay, White Sox, Atlanta, Talent Sports, Apex, Athletics, Getty Locations: Bronx, Japan, New York, Houston, Walker, Seattle, Bledsoe, Tampa, Philadelphia, Fiume

☆ SpaceX’s Crew-8 capsule is coming home. Here’s why Boeing Starliner’s astronauts aren’t on it
▼ + stars: | 2024-10-24 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

SpaceX's Crew-8 from right to left: NASA astronauts Jeanette Epps, Matthew Dominick, Michael Barratt, and Roscosmos cosmonaut Alexander Grebenkin. Williams and Wilmore, for the record, have now been on the space station more than 18 weeks. The SpaceX Dragon Endeavour spacecraft is pictured beyond the Candarm2 robotic arm moments after undocking from the Harmony module of the space station with four Crew-8 members. And NASA previously confirmed the Starliner astronauts are prepared to make such a shift. Extended stays in spaceIt’s not uncommon for astronauts to unexpectedly extend their stay aboard the space station — for days, weeks or even months.

Persons: Suni Williams, Butch Wilmore —, Williams, Wilmore, Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, Roscosmos, SpaceX Williams, That’s, Wilmore —, Cardman, Stephanie Wilson —, Boeing’s Starliner, they’re, ”, Dana Weigel, “ Butch, Suni, ” Weigel, “, Nick Hague, Russia’s Aleksandr Gorbunov, ” Williams, Frank Rubio, yearlong, “ I’m Organizations: CNN, International Space Station, NASA, SpaceX, ISS, SpaceX's, Cape Canaveral Space Force, SpaceX’s, Spaceflight, Boeing, Expedition, Space Station Locations: Florida, Russian

☆ Years of controversy preceded the arrest of the ex-CEO of Abercrombie & Fitch
▼ + stars: | 2024-10-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +9 min

Former Abercrombie & Fitch CEO Mike Jeffries was charged with sex trafficking on Tuesday. AdvertisementLong before federal charges hit, there were concerns about former Abercrombie & Fitch CEO Mike Jeffries — and lawsuits that attacked the way he ran his company. Attorneys for Jeffries and Smith told Business Insider in statements that they would respond "in the courthouse." "This is very much a military operation," Jeffries told The Wall Street Journal in 1997. The pilot accused the CEO of enacting similar standards on board as in Abercrombie stores and firing him due to his age.

Persons: Mike Jeffries, Jeffries, Abercrombie, —, Mike Jeffries —, Matthew Smith, Smith, Fitch, Les Wexner, Jeffrey Epstein, Paul Harris, Bruce Weber, Weber, Barts, Tig Ol, Erik Gordon, Jeffries shouldn't Organizations: Abercrombie, Fitch, Service, Prosecutors, Wall Street, Revenue, CNN, Hamptons, Employees, Supreme, University of, BBC, Eastern, of Locations: Midwest, New York City, St, Oklahoma, Assam, Darjeeling, of New York

☆ One of our stocks is holding back the Dow as the S&P 500 and Nasdaq bounce back
▼ + stars: | 2024-10-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Dow Jones Industrial Average fell modestly, under pressure from declines in Club and Dow stock Honeywell following a mixed quarter and a disappointing sales outlook. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Bonds, Jeff Marks, Jim Cramer's, Jim Organizations: CNBC, Fed, Nasdaq, Lam, Nvidia, Dow Jones, Dow, Honeywell, Jim Cramer's Charitable Locations: Central

☆ Elon Musk added over $30 billion to his net worth in a day on Tesla's post-earnings stock surge
▼ + stars: | 2024-10-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Elon Musk's net worth soared by about more than $30 billion on Thursday after Tesla stock surged 22%. AdvertisementElon Musk added more than $30 billion to his net worth on Thursday after Tesla stock soared following its third-quarter earnings results. The massive gain puts Elon Musk's total net worth at just over $270 billion, according to data from Bloomberg. Musk's entire Tesla stake is worth about $123 billion. The billionaire owns about a 42% stake in the space exploration company with a total value of just over $80 billion, according to Bloomberg.

Persons: Elon, —, Elon Musk, Tesla, Jeff Bezos, Larry Ellison Organizations: SpaceX, Service, Elon, Bloomberg, The Boring Company Locations: Tesla

☆ The 'whale' placing huge bets on a Trump win is a French national with extensive trading experience
▼ + stars: | 2024-10-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The Polymarket "whale" placing massive bets on a Trump win next month is a French national. Polymarket confirmed the trader controls four accounts, betting more than $40 million on a Trump win. Polymarket found no evidence of market manipulation and said that betting odds on its website align with other sites. AdvertisementThe "whale" placing big bets on Polymarket in favor of Donald Trump winning the November election is a French national with extensive trading and financial services experience. Kalshi's betting odds favor Trump at 59% compared to 41% for Harris.

Persons: Polymarket, —, Donald Trump, Michie —, Trump, Harris, PredictIt Organizations: Trump, Service, Republican Locations: French

☆ BRICS' new declaration shows Russia's war still can't get the international backing that Moscow wants
▼ + stars: | 2024-10-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

BRICS' Kazan Declaration on Wednesday contained 134 points — and only one discussed the Ukraine war. It shows that Russia still has trouble getting friendly countries on board with the war, per the ISW. AdvertisementOver two dozen world leaders at this year's BRICS summit ended Wednesday's talks with the Kazan Declaration, a 134-point summary of their agreements. "The Kazan Declaration notably only mentioned Russia's war in Ukraine once," the Washington-based think tank wrote. The declaration "demonstrated that Russia has not yet secured the international support nor created the alternative security structure that the Kremlin desires," ISW added.

Persons: BRICS, —, Vladimir Putin, ISW, Huileng Tan, Putin Organizations: UN, Service, United Nations, Kyiv, South Sudanese, Mastercard Locations: Kazan, Ukraine, Russia, China, Washington, Nazi, Moscow, Brazil, India, Syria, Tel, Lebanon, Gaza, Republic, Tatarstan

☆ After weeks of weather delays, NASA astronauts and Russian cosomonaut finally leave space station
▼ + stars: | 2024-10-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Denise-Chow-Byline-Jm.Jpg | Denise Chow | ) www.nbcnews.com time to read: +3 min

The summary Three NASA astronauts and a Russian cosmonaut left the International Space Station on Wednesday after weeks of delays. After weeks of delays due to inclement weather, three astronauts and a cosmonaut left the International Space Station on Wednesday, wrapping up an almost eight-month stint in orbit. NASA astronauts Matthew Dominick, Michael Barratt and Jeanette Epps and Russian cosmonaut Alexander Grebenkin departed the space station at 5:05 p.m. Had Crew-8 departed at the original time, that would have left astronauts without a way to get home should an urgent problem arise. Members of the group that departed the space station Wednesday spent their time there conducting research, scientific experiments and assisting with visiting spacecraft, including the problem-plagued Starliner.

Persons: Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, Hurricane Milton, Dominick, Barratt, Epps, Grebenkin, Butch Wilmore, Sunita Williams —, Nick Hague, Aleksandr Gorbunov —, Williams Organizations: NASA, SpaceX, Kennedy Space, Station Locations: Russian, Milton, Hurricane, Florida, Merritt Island, Fla

The lawsuit, which was filed Tuesday in U.S. District Court in Orlando, accuses Character.AI of negligence, wrongful death and survivorship, as well as intentional infliction of emotional distress and other claims. A screenshot of what the lawsuit describes as Setzer’s last conversation shows him writing to the bot: “I promise I will come home to you. That’s not a good reason not to go through with it,” the lawsuit claims. Character.ai said in a blog post published Tuesday that it is introducing new safety measures. Setzer had also been conversing with other chatbot characters who engaged in sexual interactions with him, according to the lawsuit.

Persons: Character.ai, Megan Garcia’s, Sewell Setzer, Setzer, Daenerys Targaryen, Dany, ”, ” Setzer, “, That’s, Character.AI, Barnes, roleplayed, Sewell, Noam Shazeer, Daniel De Freitas, De Freitas, Matthew Bergman, Garcia, ” Bergman Organizations: Prevention, Technologies, Google, Alphabet Inc Locations: Florida, U.S, Orlando, California, Sewell, seductively

The first call came in at 6:12 p.m.“Gunshots at the Trump rally,” a woman’s voice exclaims. Law enforcement agents gather at the Butler County rally for former President Donald Trump. Anna Moneymaker / Getty ImagesSecret Service agents later thwarted a second apparent assassination attempt on Trump at his golf course in West Palm Beach, Florida, in September. In the aftermath of the Butler rally shooting, local agencies released some police body camera video from the rally, but none of the recordings from 911 calls surrounding the incident had been disclosed before Wednesday. OK.”Following the shooting, Butler County officials initially denied public records requests from news outlets, citing a provision in the state’s Right to Know Law that generally exempts 911 calls from disclosure.

Persons: Donald Trump, “ We’re, “ He’s, it’s, Trump, Jabin, —, Thomas Matthew Crooks, rallygoer Corey Comperatore, Jim Copenhaver, David Dutch, countersniper, Kimberly Cheatle, Joe Biden, Anna Moneymaker, Butler, “, He’s, ”, “ There’s, Joy Ramsingh Organizations: Trump, Washington, Getty, NBC News, Service, Secret Service, “ Paramedics, Butler, ”, NBC, Scripps News, Intercept Locations: Butler, Butler County , Pennsylvania, Butler County, Bethel Park , Pennsylvania, Trump, West Palm Beach , Florida, Allegheny County, North Carolina

The Justice Department declined to comment, and the super PAC’s treasurer did not immediately reply to a voicemail message requesting comment. On Monday, a group of ex-prosecutors and other former government officials sent a letter to the Justice Department requesting an investigation. Legal experts have told NBC News that they believe Musk’s contest falls into a legal gray area and could violate election law, but not necessarily. So far, several of the winners have appeared in short videos for America PAC talking about their support for former President Donald Trump. Musk, who has endorsed Trump’s campaign, launched America PAC in an effort to help elect him.

Persons: Elon, ”, Matthew Sanderson, Musk, “, Donald Trump, Trump’s, Trump Organizations: Elon Musk’s, PAC, America PAC, CNN, Justice Department, NBC News, NBC, SpaceX, Bloomberg Locations: Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Pennsylvania, Harrisburg , Pennsylvania

Clutching her jaw, Meliski said the water began rising after Chimney Rock had already been doused by an epic rainstorm. “They were so thick.”Teresa Cauthern, owner of the Chimney Rock Inn, shared with reporters footage of the raging river water ripping the deck off her property that she recorded just before she fled. Thus far in Chimney Rock, there has been only one confirmed death in the village — an older woman who refused to leave her home on the south side of town, officials said. O’Leary said he was away on vacation when the storm struck and when he finally made it back to Chimney Rock he found himself suddenly homeless. When the NBC News crew visited, Duncan was visibly frustrated with the Federal Emergency Management Agency’s response.

Persons: O’Leary, ” O’Leary, “, Stephen Duncan, ”, Barbara Meliski, Meliski, Teresa Cauthern, Helene, Duncan, ” Duncan, I’ll Organizations: NBC News, Federal Emergency Management, FEMA Locations: U.S, Rock, North Carolina, Duncan’s

☆ The CEO of Ford says he's been driving a Xiaomi EV for the past 6 months and doesn't want to give it up
▼ + stars: | 2024-10-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley says he's been driving the Chinese tech giant Xiaomi's EV for the past six months. AdvertisementFord CEO Jim Farley says he doesn't want to give up the Xiaomi Speed Ultra 7 he's been driving for the past half year. "I don't like talking about the competition so much, but I drive the Xiaomi," Farley said while speaking to the British presenter Robert Llewellyn on "The Fully Charged Podcast." The Chinese tech giant produces three versions of the car: SU7, SU7 Pro, and SU7 Max. Competing with rivals such as Xiaomi will be critical for Ford as it formulates its approach to the EV market.

Persons: Jim Farley, he's, Farley, Xiaomi, —, Robert Llewellyn, Llewellyn, I've, SU7 Max, Farley didn't, They're, BI's Matthew Loh, Loh, John Lawler, Jim, Lawler, Ford Organizations: Service, Ford, Business Insider, EV, China, Street, Changan Automobile, Research, Business Locations: British, Shanghai, Chicago, China, Brazil, Thailand

☆ Abercrombie & Fitch responds to former CEO's sex trafficking arrest, says it will cooperate with law enforcement
▼ + stars: | 2024-10-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Former Abercrombie & Fitch Chairman and CEO Mike Jeffries addresses stockholders during the company's annual meeting at its headquarters in New Albany, Ohio, on May 22, 2003. Abercrombie & Fitch washed its hands of its former CEO Mike Jeffries after he was arrested on federal sex trafficking charges, saying in a Wednesday statement the company is "committed to fully cooperating with law enforcement as the legal process continues." Jeffries and Smith are accused of coercing aspiring Abercrombie models into sex acts in exchange for modeling gigs, among other acts. In its statement, Abercrombie said it supports the victims who have come forward. "Our thoughts remain with those who have bravely raised their voices as part of the federal investigation."

Persons: Mike Jeffries, Fitch, Jeffries, Abercrombie, Jeffries —, Matthew Smith, Smith, Brian Bieber, Bieber, Fran Horowitz Organizations: Abercrombie, Fitch, Abercrombie & Fitch Co, CNBC, BBC, NBC Locations: New Albany , Ohio

"Baywatch" actor Michael Newman has died on Sunday after being diagnosed with Parkinson's disease in 2006, his director and friend confirmed. He also said that before Newman died, he read him letters and played videos from friends of all walks of life, so "he knew he was loved." Felker told People magazine that Newman died on Sunday night of "heart complications," surrounded by friends and family. Diagnosed with Parkinson’s disease at age 50, Newman revealed what life with the disease was like in the docuseries, which profiled cast members' lives after starring in "Baywatch." He reprised his role as "Newmie" in three episodes of the 1995 spinoff series "Baywatch Nights."

Persons: Michael Newman, Matthew Felker, Newman's, Hulu docuseries, Felker, Mike ", couldn't, Newman, he'd, Michael J, Mike, Newmie, David Hasselhoff, Mitch Buchannon, Hasselhoff, Pamela Anderson, Nicole Eggert, Yasmine Bleeth, Jeremy Jackson, Sarah, Chris, Emily, Charlie Organizations: Hulu, Fox Foundation Locations: Los Angeles

The former CEO of Abercrombie & Fitch, Mike Jeffries, has been arrested on sex trafficking and interstate prostitution charges, according to two senior law enforcement officials briefed on the matter. Two other associates, Matthew Smith of West Palm Beach and James Jacobson of Wisconsin, were also arrested in connection with sex trafficking charges. Jeffries’ attorney, Brian Bieber, told NBC News at the time that Jeffries would not comment on reports about his personal life. Abercrombie & Fitch said the company was “appalled and disgusted” by the allegations in the BBC report. "We look forward to holding Abercrombie and Fitch liable for facilitating this terrible conduct and ensuring that this cannot happen again."

Persons: Abercrombie & Fitch, Mike Jeffries, Jeffries, Matthew Smith of, James Jacobson of, Matthew Smith, Jeffries ’, Brian Bieber, Fitch, ”, Bieber, “, Brittany Henderson, Abercrombie Organizations: Abercrombie, Matthew Smith of West Palm Beach, U.S, Attorney, Eastern, of, BBC News, BBC, NBC News, NBC, Fitch, CNBC Locations: West Palm Beach , Florida, Matthew Smith of West Palm, James Jacobson of Wisconsin, Florida and Wisconsin, New York, of New York

New York CNN —Mike Jeffries, the former CEO of Abercrombie & Fitch, has been arrested on charges related to sex trafficking, two sources familiar with the case tell CNN. Smith, 61, of West Palm Beach, Florida, was the romantic partner of former Abercrombie & Fitch CEO Mike Jeffries. Abercrombie & Fitch said it was “appalled” by the allegations and launched an independent investigation into the matter. Jeffries served as CEO of Abercrombie & Fitch from 1992 until 2014, when the company announced his retirement. That year, Abercrombie & Fitch succumbed to the pressure and announced they would begin offering plus-sizes in some clothing.

Persons: Mike Jeffries, Abercrombie &, Jeffries, Matthew Smith, James Jacobson, Smith, Jacobson, Paul Minnesota, “, ”, Brian Bieber, Michael Jeffries, Saint Barthélémy, it’s, Fitch, Abercrombie, Zers Organizations: New, New York CNN, Abercrombie, Abercrombie & Fitch, CNN, of, Prosecutors, Fitch, Southern District of, Hamptons Locations: New York, Eastern, of New York, West Palm Beach , Florida, Rice Lake , Michigan, Southern District, Southern District of Florida, Wisconsin, St, Paul, United States, New York City, England, France, Italy, Morocco, Minnesota

In this article ANF Follow your favorite stocks CREATE FREE ACCOUNTFile: Mike Jeffries, then Abercrombie & Fitch CEO in 2005. Michael Loccisano | FilmMagic | Getty ImagesFormer Abercrombie & Fitch CEO Mike Jeffries and two other men were arrested and charged with 16 counts of sex trafficking and interstate prostitution by federal prosecutors in New York, case documents made public Tuesday showed. All three men face one count of sex trafficking and 15 counts of interstate prostitution related to alleged misconduct that spanned from December 2008 to March 2015. The indictment in U.S. District Court in Long Island alleges that the defendants and others "operated an international sex trafficking and prostitution business" during that time. Shares of Abercrombie & Fitch are up nearly 80% so far this year, after outperforming tech stars like Nvidia and Meta in 2023.

Persons: Mike Jeffries, Michael Loccisano, Jeffries, Matthew Smith, James Jacobson, Smith, Abercrombie, Fran Horowitz, Fitch, Hannes Magerstaedt, Jacobson, Brian Bieber, Michael Jeffries, presser, Richard Levine Organizations: Abercrombie, Fitch, FilmMagic, Getty, Former Abercrombie, CNBC, Nvidia, Meta, of, NBC News, BBC, Herald, Corbis Locations: New York, West Palm Beach , Florida, Brooklyn, U.S, Long, Manhattan, Munich, Germany, West Palm Beach, Madison , Wisconsin, Eastern, of New York

☆ The bond market is selling off after traders got their Fed forecasts wrong
▼ + stars: | 2024-10-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Bonds have sold off as traders reassess the path of Fed Reserve rate cuts. AdvertisementThe bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve. That would be a big surprise to traders, with the market pricing in a 90% chance of a 25-basis point interest rate cut from the Fed next month. AdvertisementFed officials, for their part, have indicated they're likely to move cautiously, though more rate cuts are still their base case. Dallas Fed President Lorie Logan said she expects interest rates will fall "gradually," and Kansas City Fed President Jeff Schmid endorsed a "cautious and gradual" approach to cutting interest rates.

Persons: Bonds, —, Donald Trump, Torsten Sløk, Sløk, Mary Daly, Neel Kashkari, Lorie Logan, Jeff Schmid, Trump Organizations: Trump, Service, Federal Reserve, Treasury, Fed, Bloomberg, Bond, Treasury Bond ETF, Federal, Market, San Francisco Fed, Minneapolis, Dallas, Kansas City, House Locations: Atlanta

Shirel’s family and friends surrounded the grave, sobbing and wailing loudly, visibly shaken by her death. Heartbroken and overwhelmed with guilt and anger, Eyal said he blames the Israeli health authorities for some of Shirel’s problems. “You don’t love to go to shrinks and psychiatrists, okay, go to visit your friends that also went the Nova Festival and survived. How to get help Help is available if you or someone you know is struggling with suicidal thoughts or mental health matters. Eyal Golan said the only help Shirel received was from the local authorities, which are strapped for cash and unable to offer adequate assistance.

Persons: Tel, Israel CNN — Meir Golan, Shirel Golan, Shirel’s, Eyal Golan, Shirel, ”, Eyal, CNN Eyal, “, let’s, it’s, Shirel didn’t, ” Omer Leshem, SafeHeart Organizations: Israel CNN, CNN, Nova Music, Nova, Israel’s Welfare, Social Services Ministry, Nova Festival, Israel Defense Forces, IDF, International Association for Suicide Prevention, Befrienders Locations: Tel Mond, Israel, Gaza, Shirel’s, Tel Aviv

☆ Mark Cuban says the election is now a battle between Kamala Harris and Elon Musk, not Donald Trump
▼ + stars: | 2024-10-22 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Mark Cuban on CNBC said the presidential campaign is now a fight between Kamala Harris and Elon Musk. Cuban said the outcome of the election hinges on voter turnout, which Musk has made a priority. AdvertisementBillionaire businessman Mark Cuban on Monday said the presidential campaign has become a battle between Vice President Kamala Harris and Tesla CEO Elon Musk rather than Donald Trump. "And the crazy thing is, it's the Harris campaign versus Elon — not even versus Trump." AdvertisementThe Harris campaign and representatives for Musk did not immediately respond to requests for comment from Business Insider.

Persons: Mark Cuban, Kamala Harris, Elon Musk, Musk, —, Donald Trump, Harris, Elon —, Elon, Brian Hughes, David Sacks, Trump, Matthew Alvarez, Tucker, Musk hasn't Organizations: CNBC, Service, Trump, Elon, Musk's America PAC, Business, Cuban, Rutan Locations: Cuban

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