From TradeBriefs <[email protected]>
Subject Jun 6, 2024 - Officer of Detroit Nonprofit Accused of Stealing $40 Million
Date June 6, 2024 4:33 AM
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News for Decision-Makers
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-------------------------

From the Editor's Desk

Thailand's cooling rice dish to beat the heat

The sweltering heat during Buddhist New Year calls for Thailand's
cooling khao chae, a fragrant and refreshing bowl of rice delicately
scented with flowers.

By the time Songkran, Thailand's new year based on the Buddhist
calendar, arrives in April, the temperatures in the Southeast Asian
country are soaring. The sky is typically blue and spotless, so
reprieve under the shade of a passing cloud is non-existent while the
humidity is as thick as a fleece blanket. One way to cool off is in
the country-wide water fights that take place during the annual
celebrations (this year from 13-15 April), which include water guns,
buckets and coloured powder smeared onto the face like war paint.
Another way to celebrate and cool off is to eat khao chae.

Continued here
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Work

Officer of Detroit Nonprofit Accused of Stealing $40 Million
[[link removed]}&lead=419599&emailid=11724&nl=daily]  
[[link removed]}&lead=419599&emailid=11724&nl=daily&hashtags=tradebriefs&via=TradeBriefs]  
[[link removed]}&lead=419599&emailid=11724&nl=daily]
Prosecutors said the financial chief of the Detroit Riverfront
Conservancy used the groups funds for personal purchases from Louis
Vuitton and a diamond dealer.

Work

Elon Musk found a place for xAI's supercomputer
[[link removed]}&lead=419599&emailid=11724&nl=daily]  
   [[link removed]}&lead=419599&emailid=11724&nl=daily]
Elon Musk's AI startup to build its "gigafactory of compute" in
Memphis, Tennessee






















 










Work

Amazon's self-driving car startup is moving into 2 new cities as
regulators probe incidents
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
With the expansion to Austin and Miami, Zoox's cars will be on the
roads in five cities across the U.S.

Work

Stethoscope startup that uses AI to detect heart failure gets $41
million in funding
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[[link removed]}&lead=419599&emailid=11724&nl=daily]
San Francisco-based Eko Health has raised $165 million to date







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Work

G.O.P. Blocks Contraception Bill in Senate as Democrats Seek Political
Edge
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Democrats scheduled the vote despite Republican opposition, hoping to
highlight an issue on which the G.O.P. is at odds with the vast
majority of Americans.

Work

Larry Hogan Incurs Trump's Wrath After Telling Americans to 'Respect
the Verdict'
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
When former Gov. Larry Hogan asked Americans to respect the verdict,
the Trump team turned on his Senate candidacy, jeopardizing a
potential Republican pickup opportunity.















Work

Honda has started building America's first plug-in hydrogen fuel cell
vehicle
[[link removed]}&lead=419599&emailid=11724&nl=daily]  
   [[link removed]}&lead=419599&emailid=11724&nl=daily]
The alternative fuel vehicle can run on both hydrogen and to a degree
electricity

Work

American Airlines offered flight attendants a 17% raise as a strike
looms
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The workers haven't gotten a raise since their last contract expired
in 2019







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Psychedelic stocks tanked after MDMA-assisted therapy for PTSD had a
setback [[link removed]}&lead=419599&emailid=11724&nl=daily]  
[[link removed]}&lead=419599&emailid=11724&nl=daily]  
[[link removed]}&lead=419599&emailid=11724&nl=daily]
FDA advisors recommended that the agency reject the use of MDMA to
treat PTSD

Work

Google's dominance is being threatened again -- this time in London
[[link removed]}&lead=419599&emailid=11724&nl=daily]  
   [[link removed]}&lead=419599&emailid=11724&nl=daily]
British judges ruled that a class action from thousands of U.K.
businesses over Google's digital advertising business may go to trial






















 









Work

American Airlines offers flight attendants 17% raises as contract
talks drag on
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American and its flight attendants' union are meeting with federal
mediators next week for further talks.

Work

Biden's New Order Leaves Migrants at Border in Limbo Over Asylum Fate
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
In Mexican cities along the border with the United States, migrants
were taking a wait-and-see approach to a restrictive new executive
action.














 









Work

Lululemon shares pop 10% despite lackluster earnings report and
guidance
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Lululemon is seeing sales grow in North America, but at a far slower
pace than the past, raising concerns from investors about its future
growth potential.

Work

Clashes in Jerusalem as thousands of Israelis parade through Muslim
quarter
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Fears that Flag Day event will spark more violence, with far-right
minister expected to attend and Hamas calling for day of anger






















 









Work

Putin says Trump conviction 'burns' idea of US as leading democracy
[[link removed]}&lead=419599&emailid=11724&nl=daily]  
   [[link removed]}&lead=419599&emailid=11724&nl=daily]
Russia expert warned Putin would see verdict as chance to undermine
USs global influence and boost his own standing

Work

Mistral launches new services and SDK to let customers fine-tune its
models | TechCrunch
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[[link removed]}&lead=419599&emailid=11724&nl=daily]
French AI startup Mistral has launched model fine-tuning services to
let customers and developers tailor its models for specific use cases.






















 









Work

Fearless Fund's Arian Simone coming to Disrupt 2024 | TechCrunch
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
TechCrunch has kept readers informed regarding Fearless Funds
courtroom battle to provide business grants to Black women. Today, we
are happy to announce

Work

Bluesky and Mastodon users can now talk to each other with Bridgy Fed
| TechCrunch
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[[link removed]}&lead=419599&emailid=11724&nl=daily]  
[[link removed]}&lead=419599&emailid=11724&nl=daily]
Bridgy Fed is one of the efforts aimed at connecting the fediverse
with the web, Bluesky and, perhaps later, other networks like Nostr.

Work

SoftBank-backed grocery startup Oda lays off 150, resets focus on
Norway and Sweden | TechCrunch
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[[link removed]}&lead=419599&emailid=11724&nl=daily]
Its not just instant-delivery startups that are struggling. Oda, the
Norway-based online supermarket delivery startup, has confirmed
layoffs of 150 jobs

Work

ClickUp wants to take on Notion and Confluence with its new AI-based
Knowledge Base | TechCrunch
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ClickUp Knowledge Management combines a new wiki-like editor and with
a new AI system that can also bring in data from Google Drive,
Dropbox, Confluence, Figma and other sources.

Work

Whizz wants to own the delivery e-bike subscription space, starting
with NYC | TechCrunch
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New York City, home to over 60,000 gig delivery workers, has been
cracking down on cheap, uncertified e-bikes that have resulted in
battery fires across

Work

Three ways founders can shine at TechCrunch Disrupt 2024 | TechCrunch
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[[link removed]}&lead=419599&emailid=11724&nl=daily]
TechCrunch Disrupt 2024 in San Francisco is the must-attend event for
startup founders aiming to make their mark in the tech world. This
year, founders

Work

Google's new startup program focuses on bringing AI to public
infrastructure | TechCrunch
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
Google's newest startup program, announced on Wednesday, aims to bring
AI technology to the public sector. The newly launched "Google for
Startups AI

Work

Hoop uses AI to automatically manage your to-do list | TechCrunch
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If you're anything like me, you've tried every to-do list app and
productivity system, only to find yourself giving up sooner rather
than later because

Work

Georgia Appeals Court Stays Most Proceedings in Trump Election Case
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The order means the prosecution of Donald J. Trump in Georgia is
effectively frozen, at least through the presidential election.

Work

Police Arrest 13 After Protesters Occupied Stanford President's Office
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Demonstrators had taken over the office at dawn and demanded that
Stanford University trustees vote on divestment from companies said to
support Israels military.

Work

Trump Has Been Convicted. Can He Still Run for President?
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The Constitution and U.S. law have clear answers for only some of the
questions raised by the criminal conviction of a major presidential
candidate.

Work

Storm Damages Homes in Maryland Amid Tornado Warnings
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A handful of injuries were reported in Gaithersburg, a suburb of the
nations capital.

Work

Hunter Biden's Laptop Makes a Brief Appearance at His Trial
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As the prosecutor waved the silver Apple MacBook Pro, the jury gazed
at it as if expecting sparks to fly from it.

Work

A New Hurdle for Asylum Seekers: 4 Hours to Find a Lawyer
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The new time constraint comes after President Biden announced a
near-total ban on asylum on the southern border.

Work

Moscow Could Target Countries Supplying Weapons to Ukraine, Putin Says
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[[link removed]}&lead=419599&emailid=11724&nl=daily]
President Vladimir V. Putin said that since Western governments were
allowing long-range missiles to be used on Russia, it could do the
same.

Work

Can Biden Use Trump's Signature Issue -- Immigration -- Against Him?
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His executive order curbing asylum aligned him with a broad swath of
the public in an election year.

Work

Trump's Vows to Prosecute Rivals Put Rule of Law on the Ballot
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
Donald Trumps promise to seek retribution challenges long-established
norms. The election could hinge in part on what kind of justice system
the country believes it has now and wants in the future.

Work

House Republicans Issue Criminal Referrals of Hunter and James Biden
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The referrals, which accuse the presidents son and brother of lying
about his involvement in their business dealings, carry no force of
law but are the latest bid by Republicans to target the Biden family.

Work

Rock Climber Gets Life in Prison for Sexual Assaults at Yosemite
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The climber was sentenced on two counts of aggravated sexual abuse and
one count of abusive sexual contact in the 2016 assault of a woman
during a weekend trip.

Work

Judge Reshuffles Hearings in Trump Documents Case
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The new schedule set by Judge Aileen Cannon reflects the array of
legal issues that she has yet to resolve amid efforts by the former
presidents legal team to delay the trial.

Work

Far-Right Vows to Tie Up the Senate to Avenge Trump Are So Far Mostly
Empty
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To date, the effort has not produced results, as the Republicans who
have promised to hold up nominees and legislation are the ones who
usually oppose them anyway.

Work

Byron Donalds, Trump V.P. Contender, Suggests Jim Crow Era Had an
Upside
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The Republican congressman from Florida was visiting Philadelphia to
persuade Black voters to support former President Donald J. Trump.

Work

Zoe Kestan, Hunter Biden's Former Girlfriend, Describes Drug-Fueled
Partying
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Her testimony, like that of Mr. Bidens other romantic partners, is
intended to establish that he was a chronic drug abuser who lied when
he claimed to be clean on an application for a handgun in October
2018.

Work

As Hunter Biden Stands Trial, a Republican Noise Machine Goes Silent
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Republicans have gone after Hunter Biden for years, but his trial on
gun charges undermines their views on gun rights and on a weaponized
Justice Department.

Work

U.S. Counterterrorism Chief Is Stepping Down
[[link removed]}&lead=419599&emailid=11724&nl=daily]  
[[link removed]}&lead=419599&emailid=11724&nl=daily&hashtags=tradebriefs&via=TradeBriefs]  
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The official, Christine Abizaid, recently warned that the Hamas
attacks in Israel, and the Gaza conflict, had energized terrorist
threats worldwide.

Work

It Was Legal Boilerplate. Trump Made It Sound Like a Threat to His
Life.
[[link removed]}&lead=419599&emailid=11724&nl=daily]  
[[link removed]}&lead=419599&emailid=11724&nl=daily&hashtags=tradebriefs&via=TradeBriefs]  
[[link removed]}&lead=419599&emailid=11724&nl=daily]
The former presidents lies about the F.B.I. being prepared to kill him
during the search of Mar-a-Lago took his attacks on the justice system
and the rule of law to another level.

Work

Hunter Biden's Former Partners Describe Toll of His Drug Abuse
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
His ex-wife and an ex-girlfriend painted a portrait of a family man
who was falling into an abyss of addiction and living a lavish,
party-hopping high life in New York and Los Angeles.

Work

Want to See Bison at Yellowstone? You're Likely Not Prepared.
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An 83-year-old woman was gored Saturday by a bison. Experts offered
advice on how to avoid a similar situation.

Work

T.J. Maxx says employees are using body cameras to keep people from
stealing
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"People are less likely to do something when they're being
videotaped," TJX CFO John Joseph Klinger says

Work

The S&P 500 and the Nasdaq hit new highs as Nvidia's market cap
surpasses Apple's
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Investors are hoping for a weak jobs report on Friday

Work

A flying taxi firm just got the green light to begin U.S. commercials
flights
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The FAA says it will allow Archer Aviation's eVTOLs to operate
commercially

Work

Elon Musk's X has lost its only PR employee
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
Joe Benarroch, who led the company's corporate communications, has
resigned

Work

A Spirit Airlines passenger used her Apple Watch to track a stolen
suitcase to an airport employee's home
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
When the passenger arrived at the employee's house she saw it was full
of suitcases

Work

Zines: Printed matters
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A brief summary of self-publishers favored format.

Work

Nvidia's market cap briefly surpassed Apple -- and they both hit the
$3 trillion mark
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Both tech giants now only trail Microsoft for the title of most
valuable company in the world

Work

Nvidia passes Apple in market cap as second-most valuable public U.S.
company
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Investors are becoming more comfortable that Nvidia's huge growth in
sales to a handful of cloud companies can persist.

Work

Walmart is taking its worker shortage into its own hands
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The retail giant is launching a pipeline training program

Work

A softening jobs market could actually be good news, strategist says
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David Dietze of Peapack Private Wealth Management makes predictions
for Friday's big jobs report and shares an interesting ETF pick

Work

Russia's Gazprom says Ukraine-related sanctions have been devastating
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It could take a decade for revenues at the fossil fuel giant to
recover if export constraints persist

Work

McDonald's is losing the 'Big Mac' trademark in Europe
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   [[link removed]}&lead=419599&emailid=11724&nl=daily]
Irish fast food chain Supermac's CEO Pat McDonagh said it's a
"vindication of small businesses everywhere"

Work

A Kia dealer faked car sales for years, a new lawsuit claims
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Kia claims it was scammed out of at least $500,000 between January
2019 and July 2021.

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BlackRock-backed group to open a Texas stock exchange
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More than a dozen investors, including BlackRock and Citadel
Securities, have provided $120 million in backing for the TXSE

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Retractable power pole chargers could change the EV game
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These retractable chargers have been around for a few years now. Why
arent they more prevalent?

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BlackRock is backing a Texas Stock Exchange to compete with New York
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More than a dozen investors, including BlackRock and Citadel
Securities, have provided $120 million in backing for the TXSE

Work

Saudi Arabia is getting into semiconductors, but it's not trying to
beat Nvidia -- yet
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Saudi Arabia reportedly wants to attract 50 chipmaking firms to the
country by 2030

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Apple is partnering with OpenAI to bake ChatGPT into iPhones, report
says
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The agreement will put OpenAI in front of millions of Apple users

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Bitcoin passes $71,000 as investors pour money into spot Bitcoin ETFs
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An inflow of $880 million into spot Bitcoin ETFs marks their best day
since March

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Garage space is shrinking in the suburbs but cars aren't
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Contractors need to fit as many homes per acre as they can to turn a
profit, and garage space is the first thing to go.

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Boeing Starliner gets liftoff in its first-ever crewed space mission
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Boeing launches Starliner into space after a decade-long wait

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Boeing and Airbus need more competition, United Airlines CEO says
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Scott Kirby is tired of the plane making industry's plane duopoly

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Dollar Tree might sell Family Dollar
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The deep-discount retailer already plans to close almost 1,000
underperforming Family Dollar stores

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Big Mac battle: McDonald's loses burger trademark for EU in battle
with Irish rival
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It opens the door for Galway-based Supermac's expansion into other EU
countries.

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CEOs make almost 200 times what their employees earn
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Compensation for chief executives jumped 12.6% with the S&P 500 rally
last year, far outpacing workers' salaries

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Getting convicted just means Donald Trump has more campaign cash to
burn
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A pro-Trump super PAC plans a $100 million ad blitz after a massive
fundraising haul

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