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Russian court rejects new appeal by US reporter Evan Gershkovich: A Russian court on Tuesday rejected the latest in a series of appeals by Wall Street Journal ...
reuters.com/world/europe/russian-court-rejects-detained-us-journalist-gershkovichs-latest-appeal-2024-04-23/
Quick Glance: Moscow Court Upholds Extension of Detention for Reporter Evan Gershkovich
- Following the rejection of Evan Gershkovich's appeal, a reporter for the Wall Street Journal, he will remain in custody on espionage charges until at least late June.
- Detained in late March 2023 during a reporting trip, the 32-year-old US citizen has spent over a year in prison, with his detention being regularly prolonged and his appeals being turned down.
- Experts suggest that Moscow might be leveraging jailed Americans as leverage in the escalating tensions between the US and Russia due to the Kremlin's military operation in Ukraine.
- Gershkovich's arrest marks the first time since September 1986 that an American reporter has been detained in Russia on espionage charges, when Nicholas Daniloff, a Moscow correspondent for U.S. News and World Report, was apprehended by the KGB.
JPMorgan's Jamie Dimon Has a Tech Rival: Silicon Valley Bank: JPMorgan and HSBC are among banks trying to capture the startup market, but the California ...
bloomberg.com/opinion/articles/2024-04-24/jpmorgan-s-jamie-dimon-has-a-tech-rival-silicon-valley-bank
Apple says it was ordered it to remove WhatsApp and Threads from China App Store: China's Cyberspace Administration ordered Apple to pull Threads and WhatsApp ...
engadget.com/apple-says-it-was-ordered-it-to-remove-whatsapp-and-threads-from-china-app-store-061441223.html
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
Costco shoppers are finding it's harder to sell gold than to buy it: Gold bars have been flying off the shelves at Costco, but some buyers are discovering that ...
businessinsider.com/costco-shoppers-finding-harder-to-sell-gold-bars-than-buy-2024-4
Salesforce's talks to buy Informatica fizzle, WSJ reports: Talks between customer relations software maker Salesforce and data-management software firm ...
reuters.com/markets/deals/salesforces-talks-buy-informatica-fizzle-wsj-reports-2024-04-21/
Caitlin Clark to Sign Nike Deal Worth $28 Million: The eight-year agreement is the largest endorsement package ever given to a WNBA player.
inc.com/associated-press/caitlin-clark-to-sign-nike-deal-worth-28-million.html
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
- Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.
- As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.
- This partnership represents the largest sponsorship deal for a female basketball player.
China Asks Telecom Carriers to Drop Foreign Chips, WSJ Says: Beijing has ordered telecom carriers like China Mobile Ltd. to replace foreign chips in their core ...
bloomberg.com/news/articles/2024-04-12/china-asks-telecom-carriers-to-replace-foreign-chips-wsj-says
Basel Chair urges banks to fully implement capital rules as soon as possible: Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully ...
reuters.com/business/finance/basel-chair-urges-banks-fully-implement-capital-rules-soon-possible-2024-04-18/
Commercial real estate foreclosures jumped 117% in March as trouble looms: A new report from ATTOM shows there were 625 U.S. commercial real estate foreclosures ...
foxbusiness.com/economy/commercial-real-estate-foreclosures-jumped-march-trouble-looms
Netflix's Subscriber Numbers Soar After its Password Sharing Crackdown. But What Next?
inc.com/kit-eaton/netflixs-subscriber-numbers-soar-after-its-password-sharing-crackdown-but-what-next.html
Napa Valley is California’s wine barometer, an expensive one: Big corporations — and lots of tourists — are changing the West Coast’s most famous wine-growing ...
ft.com/content/15a3ed6f-60cc-4410-9e4e-b517387c932c
Parking spots in Boston sell for as much as $500,000: Parking spot sales are rare, and difficult to track. But when the true cost is revealed ...
bostonglobe.com/2024/04/22/business/buy-parking-spot-boston-real-estate-market/
Adobe might partner with OpenAI to offer AI video generation: The company told Reuters it would offer third party tools from OpenAI and other AI startups on ...
qz.com/adobe-openai-ai-video-generation-tools-1851413377
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NPR chief knocks ‘bad faith distortion’ of social media posts: NPR’s top executive is dismissing criticism from conservatives over social media posts she ...
thehill.com/homenews/media/4617524-npr-chief-knocks-bad-faith-distortion-of-social-media-posts/
China tells telecom carriers to phase out foreign chips in blow to Intel, AMD - WSJ
reuters.com/technology/china-tells-telecom-carriers-phase-out-foreign-chips-blow-intel-amd-wsj-2024-04-12/
Quick Glance: China Directs Telecom Carriers to Remove Foreign Chips Impacting Intel, AMD
- Chinese officials have directed the nation's largest telecom carriers to phase out foreign processors from their networks by 2027, impacting American chip giants Intel and Advanced Micro Devices.
- This move comes as Beijing increases efforts to replace Western-made technology with domestic alternatives amid escalating tensions with the U.S.
- Shares of Intel and AMD were down more than 1% in premarket trading following the news.
- The directive comes as the Biden administration tightens curbs on high-tech exports to China.
Tesla (TSLA), Meta And Other Earnings Will Test Stocks After Recent Selloff: Investors appear to be favoring value stocks over growth in the latest market ...
bloomberg.com/news/articles/2024-04-22/tesla-meta-and-other-earnings-will-test-stocks-after-recent-selloff
Ferrari's CEO likes to run the company like a tech startup: WSJ: Benedetto Vigna, Ferrari's CEO since 2021, prefers a flatter corporate structure and a company ...
businessinsider.com/ferrari-ceo-benedetto-vigna-leads-company-tech-startup-2024-4
Morgan Stanley Stock Drops Sharply After WSJ Report of Fed Probes: Morgan Stanley stock was headed for its worst day since January.
on.barrons.com/3JzW7hH
Wall Street steered billions to blacklisted Chinese companies: probe, WSJ reports
reuters.com/business/finance/wall-street-steered-billions-blacklisted-chinese-companies-probe-wsj-reports-2024-04-18/
St. Louis developer moves on Railway Exchange. New life for old Famous-Barr building?
stltoday.com/news/local/business/st-louis-developer-moves-on-railway-exchange-new-life-for-old-famous-barr-building/article_ecfb0c3a-fe9b-11ee-80c8-97f5bd5a941d.html
US regional banks seen booking more commercial property losses, loan sales
reuters.com/markets/us/us-regional-banks-seen-booking-more-commercial-property-losses-loan-sales-2024-04-17/
China reportedly orders state-owned mobile carriers to replace foreign chips: According to the Wall Street Journal, China's Ministry of Industry and Information ...
engadget.com/china-reportedly-orders-state-owned-mobile-carriers-to-replace-foreign-chips-133001488.html
Exclusive | Musk’s Starlink Cracks Down on Growing Black Market : Elon Musk’s SpaceX has begun a crackdown on users who are connecting to its Starlink high-speed ...
wsj.com/world/africa/elon-musk-spacex-starlink-satellite-access-crackdown-e09f3e4e
Uniqlo is being powered by young women who want outfits for both 'at the office or on a night out'
qz.com/uniqlo-gen-z-shoppers-changing-consumer-habits-1851427061
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Taylor Swift surprised UMG with TikTok return: WSJ: Taylor Swift's team wanted to return her music to TikTok to promote her upcoming album ...
businessinsider.com/taylor-swift-surprised-umg-with-tiktok-return-wsj-2024-4
U.S. crude oil gains as Israel reportedly prepares for attack by Iran this weekend
cnbc.com/2024/04/12/crude-oil-prices-today.html
'He adored Trump, and then rejected him': A roundup of the headlines from the US front pages
theweek.com/us-todays-newspapers
Quick Glance: Twelve Jurors Seated in Trump's Hush Money Trial
- A jury of 12 individuals was empaneled on Thursday in the landmark hush money trial of former President Donald Trump, bringing the proceedings closer to opening arguments and the commencement of weeks filled with compelling testimonies.
- The upcoming trial is anticipated to present unfavorable testimonies regarding Trump's personal life pre-presidency, including accusations of manipulating business records to suppress narratives in the final days of the 2016 election surrounding his intimate relationships.
- Central to the trial is a payment of $130,000 made by Cohen just before the 2016 election to adult film actress Stormy Daniels, aimed at preventing her allegations of a sexual encounter with Trump from being publicized in the campaign's final stretch.
- The selection of the jury holds paramount significance in any criminal proceeding, particularly so when the accused is a former president and the presumed Republican candidate. Potential jurors have undergone extensive scrutiny concerning their online presence, personal backgrounds, and political stances as legal representatives and the judge meticulously scrutinize for partialities that could compromise their impartiality.
Salesforce is in advanced talks to buy Informatica, WSJ reports: Salesforce is in advanced talks to acquire data-management software provider Informatica ...
reuters.com/technology/salesforce-is-advanced-talks-buy-informatica-wsj-reports-2024-04-13/
Quick Glance: Salesforce Eyes Major Acquisition Of Informatica, Faces Pricing Challenges Amid Stock Surge
- Salesforce is reportedly in advanced negotiations to acquire Informatica, a data management software provider.
- The discussed price for the acquisition is lower than Informatica’s recent closing stock price, posing a challenge.
- Informatica aids companies with data management in cloud-based and on-premise systems, including AI tools.
- Salesforce has a track record of over 70 acquisitions and an Informatica deal could be one of its largest.
Israel expected to be attacked by Iran within next 48 hours - WSJ: An individual who was briefed by Iranian regime leadership stated "no final decision has ...
jpost.com/breaking-news/article-796680
Poll: Suburban Women in Swing States Ding Trump on Abortion: The Wall Street Journal survey found that four out of 10 of those women says it’s a decisive issue ...
thedailybeast.com/poll-suburban-women-in-swing-states-ding-trump-on-abortion
WSJ: Denying weapons to Israel in the middle of a war is betrayal: "Denying weapons to an ally in the middle of a war is the definition of betrayal ...
jpost.com/breaking-news/article-796195
Spotify Has Music-Editing Plans in the Works, WSJ Says. Why That Matters.: Younger fans edit songs for social media, but artists and labels don’t usually get ...
barrons.com/articles/spotify-stock-music-editing-003d836b
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‘Challengers’ Is the Sexiest Movie of the Year. He’s Why.: Josh O’Connor was best known for playing an uptight Prince Charles in “The Crown ...
wsj.com/arts-culture/film/josh-oconnor-challengers-the-crown-20f8121d
Less than half of U.S. banks ready to borrow from Fed in emergency: A year after Silicon Valley Bank's failure, less than half of U.S. banks have established ...
reuters.com/business/finance/less-than-half-us-banks-ready-borrow-fed-emergency-2024-04-12/
US, Israeli officials fear most hostages held by Hamas are dead — report: Wall Street Journal says some captives believed killed in IDF strikes ...
timesofisrael.com/us-israeli-officials-fear-most-hostages-held-by-hamas-are-dead-report/
Quick Glance: Biden Administration's Cease-Fire Efforts Under Scrutiny
- The Biden administration's aspirations to end the war in Gaza and progress towards a two-state solution for Israel and Palestine hinge on securing a temporary cease-fire and the release of Israeli hostages.
- The U.S. strategy focuses on halting the conflict momentarily, aiming for subsequent cease-fires, hostage releases, humanitarian aid, and the reconstruction of post-war Gaza under Palestinian Authority.
- Arab involvement, particularly from Saudi Arabia, is pivotal in negotiations to push Israel towards considering a separate Palestinian state amidst escalating tensions.
- With no contingency plan in place, pressures from potential Iranian strikes and the condition of the hostages in Gaza intensify the urgency for a breakthrough in the cease-fire discussions.
Citizens reports fast progress in building its private bank: The Providence, Rhode Island, company is having discussions with private wealth management teams ...
americanbanker.com/news/citizens-reports-fast-progress-in-building-its-private-bank
IAT: Caution Still Warranted On Regional Banks: Regional banks have seen a strong relief rally in recent months. Click here for a detailed analysis.
seekingalpha.com/article/4682612-iat-etf-caution-still-warranted-on-regional-banks
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Elon Musk’s friends are reportedly looking to help raise $3 billion for his AI startup as it plays catch-up with rivals OpenAI and Anthropic
fortune.com/2024/04/06/elon-musk-artficial-intelligence-xai-startup-3-billion-fundraising-openai-anthropic/
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Wall Street Breakfast Podcast: Kimberly-Clark To Sell PPE Business To Ansell: Kimberly-Clark to sell personal protective equipment business to Ansell ...
seekingalpha.com/article/4682650-wall-street-breakfast-podcast-kimberly-clark-to-sell-ppe-business-to-ansell
Skydance expects to more than double its revenue in coming years, WSJ reports: Skydance Media, which is in exclusive merger talks with Paramount Global ...
reuters.com/business/media-telecom/skydance-expects-more-than-double-its-revenue-coming-years-wsj-reports-2024-04-19/
UK regulator says Google's ad-privacy changes fall short, WSJ reports: The UK privacy regulator said Google's proposed replacements for cookies need to do more ...
reuters.com/technology/uk-regulator-says-googles-ad-privacy-changes-fall-short-wsj-reports-2024-04-19/
US banks set for profits boost as expectations grow of fewer Fed rate cuts: Analysts say some lenders could lift their guidance when they report first-quarter ...
ft.com/content/7cc65126-7e6d-4af3-b9ed-5fbfbb825268
Putin Aims to Restart Seized Ukrainian Nuclear Plant, WSJ Says: President Vladimir Putin has told the United Nations atomic agency that Russia plans to restart ...
bloomberg.com/news/articles/2024-04-13/putin-aims-to-restart-seized-ukrainian-nuclear-plant-wsj-says
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WSJ: US drafting sanctions aimed at Chinese banks aiding Russia’s war effort: Washington hopes they will allow Secretary of State Antony Blinken to arrive armed ...
kyivindependent.com/wsj-us-drafting-sanctions-aimed-at-chinese-banks-aiding-russias-war-effort/
What We Know About Tesla Cybertruck Delays—After Customers Reportedly Notice Accelerator Pedal Problems
go.forbes.com/c/YV1K
Quick Glance: Tesla Cybertruck: Pedal Safety Issues
- The Tesla Cybertruck has faced criticism for various issues, but now a serious safety concern with the accelerator pedal has led to the temporary halt of deliveries.
- A video and reports show that the pedal cover can come loose and jam, causing unintended acceleration even when the foot is not on the pedal.
- Deliveries have been halted, appointments rescheduled and canceled as Tesla investigates acceleration issues. A regulatory investigation looms over the company, potentially requiring a recall of all trucks.
- Some drivers have attempted to manually remove the pedal cover, indicating a potentially serious safety issue that cannot be resolved through software.
Elon Musk Teases 'More Affordable Models' to Bump Tesla's Falling Stock
thedrive.com/news/elon-musk-teases-more-affordable-models-to-bump-teslas-falling-stock
New York Post cuts newsroom staff in “restructuring”: The internal memo did not specify a number, but CNN reported that about a dozen staffers had been laid off ...
nydailynews.com/2024/04/19/new-york-post-cuts-newsroom-staff-in-restructuring/
Should You Subscribe to…Fertilizer? Only If You Want a Great-Looking Lawn: These companies send natural, often organic, fertilizers direct to your home ...
wsj.com/tech/personal-tech/should-you-subscribe-tofertilizer-only-if-you-want-a-great-looking-lawn-b490da5d
Details of Jane Street's top-secret $1 billion trade emerge in court: Jane Street's most profitable trade is the focus of a court fight with Millennium ...
businessinsider.com/jane-streets-billion-trade-secrets-emerge-court-millennium-schadewald-lawsuit-2024-4
Nordstrom Says Founding Family Is Weighing Taking Chain Private: Nordstrom Inc.’s founding family has notified the board of its interest in taking the company ...
bloomberg.com/news/articles/2024-04-18/nordstrom-says-founding-family-is-weighing-taking-chain-private
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Amazon pressured Trader Joe's employee for data to compete with grocer: WSJ: Amazon repeatedly pressured a former Trader Joe's employee for data in order to find ...
businessinsider.com/amazon-trader-joes-wickedly-prime-employee-best-selling-items-data-2024-4
Elon Musk’s friends are reportedly looking to help raise $3 billion for his AI startup as it plays catch-up with rivals OpenAI and Anthropic
fortune.com/2024/04/06/elon-musk-artficial-intelligence-xai-startup-3-billion-fundraising-openai-anthropic/
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Big Tech offices are getting smaller — and that spells trouble for landlords: AI companies are not filling the real estate void left by larger technology firms
qz.com/ai-tech-office-commercial-real-estate-1851414131
Israel’s war on Gaza live: 5 dead, dozens injured in Gaza City attack: Iran says it is retaliating for Israel’s bombing of its consulate in Syria earlier this ...
aljazeera.com/news/liveblog/2024/4/13/israels-war-on-gaza-live-5-dead-dozens-injured-in-gaza-city-attack
AI could be as consequential to the economy as electricity, says Jamie Dimon: Jamie Dimon believes artificial intelligence will have a huge impact on global ...
cnn.com/2024/04/08/investing/jamie-dimon-shareholder-letter-ai-future/
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
The Black Market That Delivers Elon Musk’s Starlinks to U.S. Foes: The satellite-internet devices are helping Russian fighters in Ukraine and paramilitary forces ...
wsj.com/business/telecom/starlink-musk-ukraine-russia-sudan-satellite-communications-technology-f4fc79d9
Blackstone sends AIR Communities over 22% with $10 billion acquisition: Blackstone is taking the REIT private for $39.12 a share, the investment giant's biggest ...
markets.businessinsider.com/news/stocks/air-communities-stock-price-blackstone-reit-commercial-real-estate-multifamily-2024-4
The WSJ says US defending Israel causes envy and irony in Ukraine, as terror must lose everywhere
pravda.com.ua/eng/news/2024/04/16/7451413/
Wall Street Journal Lays Off Staffers on Video and Social Desks: The layoffs, which came after months of cuts, impacted the social media and video desks.
thedailybeast.com/wall-street-journal-lays-off-staff-on-video-and-social-desks
'So much for the triumph over inflation': Opinion, comment and editorials of the day
theweek.com/politics/triumph-over-inflation-biden-consumer-price
Gold Hits Fresh High as Israel Prepares for Strike by Iran or Proxies: Gold declined after surging to a fresh record as investors booked profit in a price rally ...
bloomberg.com/news/articles/2024-04-12/gold-hits-fresh-high-as-mideast-tensions-boost-haven-demand
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'Net interest income' has Wall Street worried right now. Here's what it is and why it matters
qz.com/net-interest-income-nii-bank-earnings-fed-interest-rate-1851416810
WSJ: Small US-made drones perform poorly in Ukraine: Drone company executives, Ukrainian officials, and former U.S. defense officials said that U.S ...
kyivindependent.com/wsj-drones-from-us-companies-perform-poorly-in-ukraine/
Quick Glance: Ukraine Penetrates Deep into Russia: Pressure on Putin
- In recent weeks, Ukraine has sent an unprecedented number of drones deep into Russian territory, fundamentally altering Putin's perceptions of this war.
- Bold attacks by Ukraine deep inside Russia have targeted military and economic objectives, including at least two drones hitting a training facility on Tuesday.
- Ukraine's assaults on Russia have significant implications for the progression of the war, with attacks on Russia's oil industry being particularly detrimental.
- Ukraine's successful drone strikes with OWA drones pose a challenge for Russia in coordinating and safeguarding its airspace across thousands of miles of territory.
Latest Oil Prices, Market News and Analysis for April 12: Oil resumed gains as Israel braced for a potential strike by Iran or its proxies ...
bloomberg.com/news/articles/2024-04-11/latest-oil-market-news-and-analysis-for-april-12
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Russian, Sudanese Forces Are Secretly Buying Black-Market Starlink Dishes: Russian forces in Ukraine and a paramilitary group in Sudan are still using Starlink ...
pcmag.com/news/russian-sudanese-forces-buying-black-market-starlink-dishes
Quick Glance: Starlink in Russia: Musk's Technology in Warfare
- Elon Musk expresses concern over Starlink's use in Russia's war.
- Russia employs Starlink for military purposes contrary to its original intent.
- Illicit networks smuggle banned Starlink terminals into Russia.
- Starlink aids Russia in overcoming communication issues and controlling drones.
Amazon says 'Project Curiosity' wasn't a secret operation to spy on rivals: Amazon said its shell company Big River made most of its money from selling products ...
qz.com/amazon-project-curiosity-spying-report-1851420549
Billionaire Rupert Murdoch is taking an L on a Manhattan penthouse, slashing the asking price nearly 40% to $38.5 million
fortune.com/2024/04/09/billionaire-rupert-murdoch-manhattan-penthouse-asking-price/
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What to expect from bank earnings as high interest rates pressure smaller players
cnbc.com/2024/04/11/bank-earnings-high-interest-rates-set-to-pressure-small-players.html
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
on.wsj.com/49Om1J0
Ukraine relies on undetonated land mines, old artillery shells: WSJ: As aid for Ukraine remains in limbo, troops in the field are scavenging for artillery shells ...
businessinsider.com/ukraine-relies-on-undetonated-land-mines-old-artillery-shells-wsj-2024-4
Aspen home sells for $108 million, making Colorado one of the few states with $100+ million houses
denverpost.com/2024/04/17/colorado-record-home-sale-aspen-steve-wynn-108-million/
U.S. Justice Department files antitrust suit against Live Nation over ticket monopoly
ctvnews.ca/business/u-s-justice-department-files-antitrust-suit-against-live-nation-over-ticket-monopoly-1.6848027
How Omsom's Founders Triumphed From SVB's Defeat--and 6 Other Stories of Courage Under Fire
inc.com/magazine/202404/jennifer-conrad/how-omsom-founders-triumphed-from-svbs-defeat-and-6-other-stories-of-courage-under-fire.html
SK Hynix Returns to Net Profit After Five-Quarter Losing Streak: The company is gaining from the artificial-intelligence boom that has boosted demand for more ...
wsj.com/tech/sk-hynix-returns-to-net-profit-after-five-quarter-losing-streak-503eda1b
Quick Glance: SK Hynix Anticipates Full Chip Recovery Post Q1 Profit Surprising AI Boom
- SK Hynix anticipates a complete recovery in memory chips due to AI demand, achieving its highest profit in nearly two years by selling advanced DRAM chips with High Bandwidth Memory (HBM) for generative AI chipsets.
- The company surpassed expectations for an operating profit of 1.88 trillion won by LSEG SmartEstimate, stating that the memory market is entering a full recovery cycle.
- SK Hynix is the biggest beneficiary of the explosive increase in AI adoption, serving as the main supplier of HBM chips for Nvidia's graphic processing units training AI systems.
- To outpace competition, SK Hynix announced a $3.87 billion investment to construct an advanced chip packaging plant in Indiana with an HBM chip line and research and development for AI products.
Egypt denies discussing Rafah invasion with Israel - Foreign Affairs - Egypt: Diaa Rashwan, the head of the State Information Service (SIS), denied on Tuesday ...
english.ahram.org.eg/NewsContent/1/1234/522473/Egypt/Foreign-Affairs/Egypt-denies-discussing-Rafah-invasion-with-Israel.aspx
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