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Sam Bankman-Fried will be sentenced to 25 years in prison for scamming crypto investors out of $8billion. He was convicted by a jury in November on seven charges related to fraud and conspiracy. The prosecution wants him to spend 40 to 50 years behind bars, while the defense is asking for a much more lenient sentence of no greater than six and a half years. A forfeiture of $11 billion was ordered but it did not order restitution due to the complexity of the case.
Two of the six missing construction workers were found in a pickup truck about 25ft deep in the Patapsco River this morning. They are identified as Alejandro HERNANDEZ FUENTES, 35, and DARLENE RONALD CASTILLO CABRERA, 26. Julio Cervantes was one of the construction workers on the bridge when the Dali container ship collided with Baltimore’s Francis Scott Key Bridge. His wife says it's a miracle he survived as he doesn't know how to swim.
Donald Trump is accused of trying to reverse Georgia’s 2020 election results. His lawyers argue in a court filing that the charges against him in the Georgia election interference case seek to criminalize political speech and advocacy conduct protected by the First Amendment. Donald Trump is not expected to attend the Thursday morning hearing, which Judge Scott McAfee scheduled for 10 a.m. in Fulton County, Georgia. It will be the first move in the case since McAfee ruled that Fulton County District Attorney Fani Willis can continue to oversee the case.
Russia's invasion of Ukraine in February 2022 has triggered the deepest crisis in Russia's relations with the West since the 1962 Cuban Missile Crisis. NATO's activities in Eastern Europe and the Black Sea region are aimed at preparing for a possible conflict with Moscow. Russian President Vladimir Putin dismissed the idea that Russia could attack NATO, but he warned that any F-16 fighters given to Ukraine by its Western allies would be legitimate targets for Russian forces. Ukrainian Foreign Minister Dmytro Kuleba said F- 16s were on schedule to be in the skies over Ukraine by mid-summer. Ukraine's intelligence chief claimed on Wednesday that Russia was aware that a terrorist attack was being planned since Feb.15.
Christian Ivan Soto, 22, has been charged with multiple counts of murder, attempted murder and home invasion. Four people were killed and five injured in a stabbing spree in Rockford, Illinois on Wednesday. The victims include a 15-year-old girl, a mailman, a man, 22 and a woman. A suspect is in police custody and was being questioned Wednesday afternoon. Police chief Carla Redd did not know the motive for the violence. She said one person remains in critical condition.
Ronna McDaniel will not be an on-air political contributor for NBC News. She was hired last week as a $300,000-a-year political commentator. Some journalists and commentators are unhappy with the decision. Rachel Maddow called her hiring "incomprehensible" and said it's like hiring a made man to work in a DA’s office. The former Republican National Committee chair let Rudy Giuliani hold a press conference two weeks after the 2020 presidential election at the RNC headquarters.
President Joe Biden is teaming up with Bill Clinton and Barack Obama to raise money for his reelection campaign in New York City. The evening is expected to rake in more than $25 million, a “historic” sum for a single event. Celebrities Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo and Lea Michele are going to perform at the event hosted by Mindy Kaling inside Radio City Music Hall. Today's White House Easter Egg Roll is traced back to 1878.
Lieberman died in New York City on Wednesday due to complications from a fall at the age of 82. He had been working to find a candidate to lead a presidential ticket for the No Labels movement he served as a founding chairman. The Democrat-turned-independent was never shy about veering from the party line and his needling of Barack Obama during the 2008 presidential contest rankled many Democrats. His support for gay rights, civil rights, abortion rights and environmental causes won him the praise of many liberals over the years.
Allies of Gov. Ron DeSantis reached a settlement agreement with Disney in a lawsuit over who controls Walt Disney World’s governing district. The agreement ends the two-year-long state court fight and eases tensions between the entertainment giant and Florida's governor. In the settlement, Disney agrees that the rules passed by the company-appointed board members are void. It is hoped the agreement will encourage investment and create thousands of jobs in the state. A previous version of this article stated that the agreement was reached as a result of the “Don’t Say Gay” law which bans classroom lessons on sexual orientation and gender identity in early grades. We are happy to clarify that it is not related to that.
The Supreme Court heard arguments in FDA v. Alliance for Hippocratic Medicine on Tuesday. The case concerns mifepristone, a drug approved by the FDA in 2000 and made more widely available in 2016. A coalition of Christian conservative doctors and dentists are suing to get the FDA to roll back access to the drug. They argue that it's dangerous and their patients will suffer complications. Samuel Alito, M.D., one of the right-wing justices, didn't seem ready to take up the issue.
Ted Leonsis and Muriel Bowser signed a letter of intent to keep the Washington Wizards and Washington Capitals in D.C. through 2050. The deal includes 200,000 square feet of expansion of the existing Capital One Arena complex into the nearby Gallery Place space. It also includes an entertainment district in the city’s surrounding Chinatown neighborhood and safety and transportation upgrades. Alexandria pulled the plug on negotiations for a ritzy new basketball and ice hockey palace at Potomac Yard.
The death toll from last week's Moscow concert hall attack has risen to 143, Russian authorities said Wednesday. The Friday night massacre in Crocus City Hall was the deadliest extremist attack on Russian soil in nearly two decades. At least four gunmen with automatic rifles shot at thousands of concertgoers and set the venue on fire. An affiliate of the Islamic State group claimed responsibility for the violence. French President Emmanuel Macron said France also has intelligence pointing to “an IS entity” as responsible for the attack.
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Poland claims Russian cruise missile entered its airspace near Oserdow (Lublin Voivodeship) at 4:23 a.m. Russia has been intensifying aerial attacks on Ukraine in the past few weeks, targeting key infrastructure and civilian targets. Ukraine claims to have hit two Russian military ships stationed at annexed peninsula of Crimea as it suffered another night of "massive" Russian aerial attacks. Ukrainian air defence forces shot down about three dozen enemy missiles over Kiev and in the vicinity of the capital.
Evan Gershkovich was arrested a year ago Friday while on a reporting trip for The Wall Street Journal to the Ural Mountains city of Yekaterinburg. He has been held in pre-trial detention at Lefortovo Prison since March last year on espionage charges. On Tuesday, his jail term was extended for three more months until June 30th and he will remain behind bars until at least the end of June. There is still no date set for his trial.
Vladimir Putin warned Western countries that Russian forces will shoot down any US F-16 fighter jets supplied to Ukraine if they are used against Russian troops from airfields in neighbouring countries. The White House called Russia's allegation that Ukraine was involved in the attack on the Crocus city concert hall near Moscow as "nonsense" and said Islamic State was responsible. Relations between Warsaw and Moscow continue to deteriorate. Poland says its security services searched properties over suspected Russia spy activity. Czech Republic sanctioned two people and a news website allegedly involved in spreading Kremlin propaganda. A 26-year-old Tajik national has been detained in St. Petersburg on a charge of justifying terrorism, the Investigative Committee said on March 28.
At least 139 people were killed and 180 injured in the attack on Crocus City Hall, a music venue in the suburbs of Moscow on March 22. ISIS-K claimed responsibility for the attack via the “Amaq News Agency” which is linked to the terrorist organization. Washington had warned Moscow a few weeks before the attack that it might occur. The Kremlin labeled this a “provocation” According to US National Security Council spokesperson Adrienne Watson, the US has a duty to warn about potential terrorist attacks regardless of the nation at risk.
For the first time in 27 years, the U.S. government is changing how it categorizes people by race and ethnicity. It's an effort to more accurately count residents who identify as Hispanic and of Middle Eastern and North African heritage. The Biden administration has approved proposals for a new response option for "Middle Eastern or North African" and a "Hispanic or Latino" box. Participants in federal surveys will be presented with at least seven "race and/or ethnicity" categories.
Daniel Kahneman won the Nobel Prize in Economics for his work on behavioral economics. He died peacefully on Wednesday at the age of 90. He was born in Tel Aviv in 1934, but his French parents returned home to Paris when he was three months old. His research focused on how much decision-making is shaped by subterranean quirks and mental shortcuts that can distort our thoughts in irrational yet predictable ways. The 2011 book "Thinking, Fast and Slow" sold over a million copies around the world.
Adam Fahs saw bullet wounds, blast injuries from explosions and patients with missing limbs at Gaza’s European Hospital. More than 31,000 Palestinians have been killed in the six-month-long war between Israel and Hamas. UNICEF reports that more than 13,000 children have died and thousands of others have been maimed. Famine conditions are present in large swaths of the Gaza Strip due to the Israeli blockade. The International Court of Justice has found grounds to investigate Israel for plausible acts of genocide.
Philippines has summoned a Chinese envoy to protest the latest attempts by Chinese vessels to disrupt Philippine activities in the area. China's territorial claims in the South China Sea were already dismissed by a Hague tribunal in 2016. The shoal is around 200 km from the western Philippine island of Palawan and more than 1,000 km from China's nearest major port. Philippines President Ferdinand Marcos said Thursday the Philippines will not be “cowed into silence” by Beijing. There have been repeated confrontations between their vessels near disputed reefs in recent months.
Zhao Leiji, the chairman of the National People's Congress Standing Committee delivered the keynote speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024. He said China is advancing Chinese-style modernization through high-quality development which will provide more opportunities for the development of all countries. The gathering in Boao is held on China’s island province of Hainan on the South China Sea. It is the latest venue for efforts by Beijing to reassure foreign investors rattled by policies that have raised uncertainties for foreign businesses and geopolitical tensions.
Gangs have attacked prisons and the airport serving Haiti’s capital in recent days, forcing businesses and schools to close as hundreds of people fled. The latest attacks began Thursday as Prime Minister Ariel Henry flew to Kenya to push for the U.N.-backed deployment of a police force to help fight the gangs. Since Feb. 29, gunmen have burned police stations, opened fire on the main international airport that remains closed and stormed the country's two biggest prisons, releasing more than 4,000 inmates. Scores of people have been killed and more than 33,000 people have fled Port-au-Prince. Details of a presidential transitional council have still not been revealed.
Arvind Kejriwal was arrested by India's main financial investigation agency last week on corruption charges. His Aam Aadmi Party (Common Man’s Party or AAP) denies the allegation, calling it a “fabricated case” The Ministry of External Affairs summoned Acting Deputy Chief of Mission Gloria Berbena in New Delhi earlier in the day. On Monday, a US State Department spokesperson said it was closely following reports and encourages a fair legal process for Arvind Kejriwal. It is also aware of the frozen bank accounts of the opposition Congress party.
China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, ending three years of punitive levies. Relations between China and Australia have improved since a new government was elected in 2022. Last August, China removed the tariffs it had imposed on Australian barley. It follows the success of the similar approach taken to remove duties on Australian malars. The Australian government welcomed the decision. KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.
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Sam Bankman-Fried faces the potential of decades in prison for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency. He was convicted in November of fraud and conspiracy. His bail was revoked before his trial after he was found guilty of stealing more than $8 billion of funds from customers. Prosecutors recommended a prison sentence of 40 to 50 years. The 32-year-old told the court Thursday morning, “I am sorry’.
Walgreens Boots Alliance has reported better-than-expected financial results but lowered its profit outlook as it grapples with a “challenging economy” The company announced earnings per share (EPS) of $1.20 U.S., which was above the $0.82 expected on Wall Street. Net sales increased 6.3% year-over-year to $37.05 billion in the February quarter. Walgreens took a $5.8 billion impairment charge related to its VillageMD business. Shares of the company were down 2 per cent at $20.60 in premarket trading.
There was no winner of the $873 million Powerball jackpot for Wednesday's drawing. The next drawing on Saturday will be worth an estimated $935 million, with a cash option of $449.7 million. There were 1,737,237 tickets that won at least $4 in the drawing. In Michigan, two tickets sold won $50,000 each. A Mega Millions ticket sold in New Jersey is believed to have won the fifth-largest jackpot in the history of the game.
Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion. The median sales price for new homes in the U.S. has climbed 29.4% over the past five years to $417,700. Home Depot is making a big bet on a housing market that is suffering a severe lack of new homes, which has driven prices sky high. It expects the acquisition to close this fiscal year in late January.
Cocoa futures have more than doubled since January to a record high of $10,000 ahead of Easter. Poor climate and crop diseases in West Africa have tightened supply and caused prices to skyrocket. The resulting cocoa crisis is pressuring chocolate makers who are trying to sustain business during the busy Easter holiday. Some customers are cutting back on spending because they can't afford it anymore. Cocoa-producing countries in west Africa contribute more than 60% of the global cocoa output. They contribute 80% of its production to the global economy.
For the 10th year running, Niche.com has released their annual list ranking the best cities and places to live for 2024. Naperville, Illinois, ranked No. 1, while Arlington, Virginia, and Plano, Texas, rounded out the top five. Cambridge took the No. 3 spot behind The Woodlands, Texas. Chesterbrook, Pennsylvania, a suburb of Philadelphia, was No.1 on the Best Places to Raise a Family in America list. This year’s rankings included 230 cities and more than 18,000 places.
Xi Jinping called for closer trade ties with the U.S. during a meeting with top American business leaders in Beijing on Wednesday. Xi invited US businesses to continue to invest in China and pledged further reforms to open the country’s markets to foreign firms. The group of CEOs included Cristiano Amon of Qualcomm (QCOM), Raj Subramaniam of FedEx (FDX) and Stephen Schwarzman of the Blackstone Group (BX). It comes as Beijing is ramping up efforts to rebuild business confidence in China at a time of economic uncertainty and rising tensions with the US.
The Department of Justice filed an antitrust lawsuit against Apple and 16 other state and district attorneys general on March 21. The suit accuses Apple of monopolizing or attempting to monopolize the market for smartphones. Experts estimate a three-to-five-year timeline for any resolution for the case. A former Apple employee says the company is facing a "battle for the soul" with the DOJ over accusations of anti-trust violations. GM's unreliable connections between cars and wi-fi are a legitimate problem.
The Mega Millions jackpot is worth $1.13 billion with a cash option of $537.5 million. One ticket from New Jersey matched all six numbers and the Megaplier to win the jackpot. It's the first Mega Millions winner since December 8th. There were 13 new millionaires over Tuesday, but only two of them won anything. The last Mega Millions drawing was held on March 26th at 11 p.m. ET in Florida, Georgia, New York, California, Colorado, Illinois, Indiana, Michigan, and Ohio.
The S&P 500 is 0.1% higher in midday trading after setting an all-time high the day before. It's the last day of first-quarter trading before markets close for the Easter break. The stock market has been on a nearly unstoppable run since late October and is heading for its fifth straight winning month. Two-year yields rose three basis points to 4.6%. US futures were trading flat ahead of the opening bell on Thursday. Cintas climbed over +8% and was the top percentage gainer on the Nasdaq 100, while GameStop plunged more than -15%.
The U.S. economy grew at a solid 3.4% annual pace from October through December, according to the Commerce Department. It's the sixth straight quarter in which the economy has grown at an annual rate above 2%. For all of 2023, the economy grew 2.5%, up from 1.9% in 2022. The current January-March quarter is growing at a slower but still decent 2.1%. GDP increased by $230.2 in the fourth quarter year-on-year.
The demand for electricity by artificial intelligence companies has been growing. According to Grid Strategies, the U.S. would require about 34 new nuclear plants over the next five years to provide electricity to data centers and manufacturing units as well as vehicles. Sam Altman, head of ChatGPT creator OpenAI, suggests that a breakthrough in nuclear fusion is the only solution to AI's energy crisis. He has invested hundreds of millions of dollars in this technology. Some experts question his idea.
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Embracer Group is selling Gearbox Entertainment to Take-Two Interactive for SEK 4.9 billion ($460 million). The transaction is expected to be completed during the first fiscal quarter ending June 30, 2024. Embracer will keep the publishing arm and the various IPs that they had assigned to the brand over the last few years. They are also retaining Cryptic Studios, Lost Boys Interactive, and Captured Dimensions. In the sale, Take-2 will acquire the main development side of Gearbox – the main studio in Texas, alongside Montreal and Quebec – and will fully acquire the Borderlands franchise.
Visions of Mana is the first mainline game in the Mana series in 15 years. It's being released on PS5, PS4, Xbox Series X/S, PC and will be available at a later date. Scott got to play a two-part demo of Visions at PAX East 2024. James also got to check out the same demo. He liked it very much. There are some differences between his and Scott's opinion about the full version of the game.
BOE has won the bid to manufacture the OLED screen for the purported iPhone SE 4, according to a ZDNet Korea report. Samsung dropped out of the race due to Apple’s low pricing for each panel. BOE will be supplying the largest part of the 6.1-inch OLED panels for the upcoming iPhoneSE 4. The current iPhone SE model was unveiled in 2022 and is expected to be replaced by an all-screen design with no Home button.
A new phishing attack has been targeting Apple iPhone users, bombarding them with notifications and trying to trick them into allowing hackers access to their accounts. The attacks are similar to other multi-factor fatigue attacks that have popped up over the years. They aim to exhaust users into mistakenly tapping to allow someone to change their password – or doing so to stop the deluge. If you select Allow, the hacker is able to change your Apple ID password and lock you out of your own account.
One UI 6.1 update will be available on Samsung's Galaxy S23, S23 FE, Z Flip 5, Z Fold 5 and Tab S9 tablets starting on March 28th. The update is the first major update to Android 6.0 based on Android 14 released in October 2023. It includes Live Translate, which allows voice translation and Circle to Search. Some users in China have already been notified of the new update. Most users are expected to receive the update in April.
Google has announced three new features for its Maps app. The updates will start rolling out over the next few weeks. They include curated recommendations, customized lists, and AI-powered trip itineraries. Starting this week in over 40 cities across the US and Canada, Google Maps will show users lists of recommendations for places to eat and visit. It will also surface recommendation lists from Lonely Planet, The New York Times, The Infatuation, and OpenTable. A new generative AI feature is also being tested in Search that will provide a sample itinerary when using Google Maps.
Apple's new MacBook Air M3 has just got its first big price cut - less than a month after release. The entry-level 256GB configuration now sells for $1,024 shipped in Space Gray at B&H Photo. It's $100 less than buying from Apple directly and $50 less than the sale price we've seen on Amazon for the past couple of weeks. Tuesday’s best deals are all about Apple Silicon. The just-released 13-inch M3 MacBook Air is down to a new all-time low at $1,.024 and it's joined by another one of Apple's latest machines – the new 24-inch iMac at $100 off.
Two new Helldivers 2 Stratagems have just arrived in the co-op shooter. The LAS-99 Quasar Cannon and the MG-101 Heavy Machine Gun are both available in the game right now. It's the first Stratagem to be released since the release of Helldiver's 2 since the announcement earlier this month. There is also a JAR-5 Dominator, described as the current "best explosive gun" by @HelldiversAlert on X.
Sony has revealed the PlayStation Plus games for April 2024. They are Immortals of Aveum, Minecraft Legends, and Skul: The Hero Slayer. Subscribers on PS Plus’ Essential, Extra and Premium tiers can claim the titles starting Tuesday, April 2. EA Sports F1 23, Sifu, Hello Neighbor 2, and Destiny 2: Witch Queen will be available from April 2nd until May 6th. Sony is also giving out an Overwatch 2 “mega bundle” which includes Legendary Beekeeper Sigma, Legendary Art Deco Symmetra, seven Epic Skins, and five Battle Pass Tier Skips.
Images of a white version of the Xbox Series X console have been leaked. It is rumoured to be an all-digital version that will be released in the summer. Exputer claims it received the images from an unnamed source. The pictures are low quality, but they clearly show a white model without a disc drive. They also show the back of the console which has the same ports as the original. According to the report, the console is expected to retail at a lower price than current consoles.
This year's Worldwide Developers Conference will kick off on June 10. Expect to see early looks at iOS 18 and updates for other device software like MacOS, iPadOS and VisionOS as well as potential news on generative AI coming to Apple devices. Like last year's WWDC, all of this year's presentations will be online. There is also an in-person event but anyone can watch for free. The biggest announcement to expect from WWDC 2024 is iOS 18. Rumors and leaks hint that Apple is planning to integrate AI tech throughout iOS with new features in Apple Music, Apple Health, and iMessage.
The iPhone 12 now supports up to 15W wireless charging without MagSafe. The update to iOS 17.4 brings support for Qi2 wireless charging with Qi2 to the iPhone 12, according to Macworld. Last year, Apple enabled 15W speeds with Qi chargers on the iPhone 13 and iPhone 14 via iOS17.2. The iPhone 15 lineup already supported Qi2 upon launch, leaving the iPhone 12 as the only model with MagSafe-compatible chargers. When using a Qi2 charger, the device now displays the animation that only appears when it's activated.
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