• 12/04/2024

FTX’s Alameda Lost Track of $50 Million at a Time

Wall Street Journal FTX’s rapid collapse was the result of “hubris, incompetence and greed,” its chief executive, John J. Ray III, said in a report. Here are some of the report’s key findings. https://www.wsj.com/articles/ftxs-alameda-lost-track-of-50-million-at-a-time-6dc045b7

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PC Shipments Fall 29%, Led by Drop in Apple Devices

Wall Street Journal The industry is grappling with a pandemic-driven glut in inventory. https://www.wsj.com/articles/pc-shipments-fall-29-led-by-drop-in-apple-devices-fc14deec

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North Ossetia Governor Orders Probe Into Beating of Military Recruit

Moscow Times A graphic video of the incident shows a man being kicked in the face by his fellow servicemen. https://www.themoscowtimes.com/2023/04/10/north-ossetia-governor-opens-probe-into-beating-of-military-recruit-a80775

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Occidental Plans to Suck Carbon From the Air—So It Can Keep Pumping Oil

Wall Street Journal Petroleum giant says its billion-dollar bid to capture and store greenhouse gas will give it leeway to invest in fossil fuels. https://www.wsj.com/articles/occidental-plans-to-suck-carbon-from-the-airso-it-can-keep-pumping-oil-2990c5a

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The Morning Risk Report

Wall Street Journal The Biden administration weighs action against a Russian cybersecurity firm, and a bank regulator drops case against ex-Rabobank U.S. compliance chief. Also, the Pentagon investigates more social-media posts purporting to include secret U.S. documents. https://createsend.com/t/d-8CDD89D9549DED042540EF23F30FEDED

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Twitter Changes NPR’s Account to ‘Government Funded Media’ After Backlash

Wall Street Journal The platform last week called NPR ‘US state-affiliated media,’ a designation often given to government-influenced outlets. https://www.wsj.com/articles/twitter-changes-nprs-account-to-government-funded-media-after-backlash-95651b22

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White House Easter festivities: The annual egg roll and other traditions

Fox News Easter Sunday makes for one of the largest public events at the White House every year. On Easter, thousands of children gather on the White House lawn for a slew of festivities, including the popular Easter egg roll. The egg roll always takes place on the Monday after Easter. Here is everything you…

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Biden Says He Plans to Run for Re-election in 2024

New York Times But the president said he was not ready to formally announce a campaign yet, and a delayed announcement would not be out of character for him. https://www.nytimes.com/2023/04/10/us/politics/biden-2024-election-running.html

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Leaked Pentagon documents paint grim picture of Ukrainian air defense supplies, may only last a month

Fox News The leaked U.S. Pentagon documents paint a grim picture of Ukraine’s air defense outlook, predicting that the country could run out of key assets before the end of May. Ukraine’s S-300 air defense systems could run out of ammunition by as early as May 2, while the country’s other air defenses could be…

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China’s recovery, expansion of consumption ‘topmost priority’, Vice-Premier He Lifeng says, as major expo returns

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Vice-Premier He Lifeng said China will ‘place the recovery and expansion of consumption as a topmost priority’ during the opening ceremony of the China International Consumer Product Expo on Monday. https://www.scmp.com/economy/economic-indicators/article/3216573/chinas-recovery-expansion-consumption-topmost-priority-vice-premier-he-lifeng-says-major-expo?utm_source=rss_feed

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