Author: Editor-In-Chief
Courtroom sketch of James Patten (left) and attorney Ira Sorkin in New Jersey District Court in Camden, New Jersey, October 11, 2022Source: Elizabeth WilliamsThe last defendant awaiting sentencing in New Jersey’s brazen $100 million deli stock manipulation case is asking a judge not to give him any prison time, despite his prior prison convictions.In a new filing in New Jersey federal court, defense attorney James Patten cited the short prison sentence received by co-defendant and former employer Peter Coker Sr.”Mr. Patten was an employee of Peter Coker Sr. who engaged in criminal activity,” attorney Adam Brody wrote. “Therefore, if a…
Sheinbaum criticized DEA Administrator Terry Cole’s comments as baseless “political statements” about Mexico.Published July 15, 2026July 15, 2026Mexican President Claudia Sheinbaum has rejected claims by the head of the US Drug Enforcement Administration (DEA) that there are deadly ties between the Mexican government and the country’s influential criminal cartels.Sheinbaum pushed back at his daily press conference Wednesday, saying the DEA’s statements appeared “more like a political statement than one backed by evidence.”Recommended stories list of 3 itemsend of listHe added that the DEA should focus on combating drug trafficking, distribution and money laundering within the country. The United States is…
Apple Intelligence, the iPhone maker’s generative AI product, is coming to China. On Wednesday, Reuters reported that China’s regulator, the Cyberspace Administration of China, had approved Apple’s AI services in the country based on a deal to integrate Alibaba’s Qwen AI model into Apple’s operating systems, including iOS, iPadOS, macOS and visionOS. The partnership was rumored to be in the works last year and is a significant step for Apple’s AI ambitions in key markets. In the second quarter, Apple’s sales in Greater China rose 28% to $20.5 billion. Apple has also regained its No. 2 position in China’s smartphone…
morgan stanley On Wednesday, it posted record revenue and profits for the second quarter, led by a 69% jump in equity trading revenue. Here’s what the company reported:Earnings per share: $3.46 vs. LSEG forecast $2.94 Revenue: $21.35 billion vs. $19.64 billion forecast The company said profit rose 58% from a year earlier to $5.58 billion. Sales increased 27% to $21.35 billion.just like my friends goldman sachs and JP Morgan Chasea massive beat in stock trading drove the outsized performance for the quarter. JPMorgan and Goldman exceeded estimates for stock trading by a combined $4.4 billion, and their investment banking businesses…
CNBC’s Jim Cramer said Wednesday that it’s time for companies to prove the fruits of artificial intelligence.“We need cold, hard facts,” the “Mad Money” host said. Or maybe I’ll become even more suspicious than I already am.The AI boom is fueling huge spending by technology companies, with no end in sight. Analysts estimate that total AI capital investment could exceed $1 trillion by 2027. While Kramer remained optimistic about the long-term opportunity, he argued that the market needs more evidence that these investments are leading to measurable financial benefits for customers.Kramer said one of the biggest concerns this earnings season…
US President Donald Trump promised “really big news” in an unusual prime-time address Thursday night, but did not specify what that would be.The surprise speech was announced on Tuesday. But when asked by reporters what he planned to say, Trump said only that his speech would be about the election and “a few other things.”Recommended stories list of 4 itemsend of list”It can’t get any bigger because without free and fair elections we don’t have a country,” he told reporters in the Oval Office on Tuesday.Asked for details, Trump said he would “save it” for his speech.”We’ll talk about other…
Microsoft this week released a record number of security patches for Windows, Office and other technology product lines, citing the use of AI to help find vulnerabilities in code. The technology and cloud giant issued patches for 570 security flaws on Tuesday as part of its monthly scheduled fix releases. Security researchers have long referred to this as “Patch Tuesday.” At least two vulnerabilities are classified as zero-day, meaning they were exploited before Microsoft was aware of them. One bug affecting Windows Server allows hackers to elevate privileges from limited users to system administrators. Another bug affects SharePoint file sharing…
Warren Buffett said, “Not so.” Berkshire Hathaway’s new CEO, Greg Abel, was the driving force behind the conglomerate’s recent major investment. alphabet.”I started it,” Buffett said in an interview with CNBC’s Becky Quick, explaining publicly for the first time how the conglomerate came to make Alphabet one of the largest technology holdings. “I haven’t done anything that he wouldn’t approve of, and he hasn’t done anything that I wouldn’t approve of,” Berkshire’s chairman said, referring to his successor, CEO Abel. “We’re always talking, but he’s the one making the decisions.”Berkshire first revealed its stake in Alphabet in the third quarter…
Livestream shopping app Whatnot announced Wednesday that it has acquired Shaped, a machine learning company that specializes in real-time recommendation and search systems. The partnership aims to strengthen Whatnot’s discovery and personalization capabilities as the company continues to expand into new product categories and millions of buyers. The acquisition will help Whatnot continue to invest in AI to solve one of live commerce’s biggest challenges: helping shoppers find the right products as inventory, auctions, and buyer demand change in real time, the company said. Unlike traditional e-commerce platforms, where product catalogs are relatively stable, Whatnot’s marketplace is constantly evolving, and…
Warren Buffett has criticized Bill Gates’ relationship with the late sex offender Jeffrey Epstein as “disgusting” after Berkshire Hathaway’s chairman excluded the Gates Foundation from his huge annual charitable giving.”I’ve read quite a bit since January 1st in terms of what happened with Bill and Epstein,” Buffett said in an interview with CNBC’s Becky Quick. “As unpleasant as it is, while he made mistakes, I also made mistakes, hiring all kinds of people and choosing friends, only to find out later that in some way they weren’t what I thought they were. I didn’t find anything in there that was…