Miami Daily Chronicle

CHICAGO — A federal judge ruled Tuesday that the wives of twin Chicago drug traffickers who cooperated against Sinaloa boss Joaquin “El Chapo” Guzman did not have immunity from prosecution, a considerable setback for the women who are accused of laundering millions of their husbands’ drug proceeds over a 12-year period. Valerie Gaytan and Vivianna Lopez, the wives of Chicago twins Margarito and Pedro Flores, had asked U.S. District Judge Matthew Kennelly to dismiss the money laundering charges against them, arguing over the course of several hearings in July that they had been assured by prosecutors that their husbands’ unprecedented cooperation against Guzman meant they would not face charges themselves for their own actions. On Tuesday morning, Kennelly denied that request, saying there was no convincing evidence there was ever an immunity agreement in writing for Lopez or Gaytan and certainly not for future conduct involving the alleged laundering of the funds at issue in the i...

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Consumer skepticism about the connection between credit history and future insurance claims appears to decline when the predictive power of credit-based insurance scores is explained to them, a recent study by the Insurance Research Council (IRC) suggests. This is just one of the IRC’s encouraging findings. Others include: Consumers are generally knowledgeable about credit, credit histories, and credit scores. Almost all believe it’s important to maintain good credit history, and most believe it would be easy to improve their credit score. Among nearly all demographic groups, paying for auto insurance is not considered a burden for most households. Concerns have been raised about the use of credit-based scores and certain other metrics in setting home and car insurance premium rates. Critics say it can lead to “proxy discrimination,” with people of color—who are more likely to have less-than-stellar credit histories—sometimes being charged more than their neighbors for the sa...

Inflation has roared back onto the scene as a key issue ahead of the 2022 midterm elections, after five decades during which slow and steady price increases were a political nonissue. It was once a potent driver of politics in America, one that panicked former President Richard M. Nixon and his administration, and later helped to make Jimmy Carter a one-term president. As prices surge, inflation is again taking center stage, and could help decide who controls Congress. Household confidence has plummeted as inflation has climbed, and economic issues have shot to the top of what voters are worried about. A full 49 percent of voters overall said that the economy is an extremely important issue to them in an October Gallup survey, notably outranking abortion, crime and relations with Russia. That’s the highest level of economic concern headed into a midterm election since 2010, when the economy was coming out of the worst downturn since the Great Depression. Inflation is almost certa...

The cryptocurrency world was rocked on Tuesday as one of the largest exchanges for digital currencies, which appeared to be on the verge of collapse, was bailed out by a major rival in a deal that underlined the perils of the industry’s volatility. Binance, the world’s largest cryptocurrency exchange, said that it had reached an agreement to buy its competitor FTX, which struggled to meet a surge of withdrawal requests in recent days as the crypto market teetered on the edge of another meltdown. The size of the acquisition couldn’t immediately be determined, but the privately held FTX had once been valued at $32 billion. The emergency deal making highlighted the persistent instability of the crypto industry, which was buffeted this spring by a $2 trillion crash that drained the savings of many amateur investors. That downturn destabilized some of crypto’s biggest firms, though FTX was by far the largest casualty. It was widely regarded as among the most nimble and best-run firms, ...

Check out the companies making headlines in midday trading. lyft — Shares of Lyft plummeted 21% after the company’s earnings report showed mixed results in the last quarter. The rideshare company reported adjusted earnings per share of 10 cents, more than analysts’ expectations of 7 cents, but revenue fell short of the Street’s forecast, coming in at $1.05 billion versus $1.06 billion expected, per refinitive. Tripadvisor — The travel platform dropped 17% after its quarterly earnings came in below expectations. The company cited currency fluctuations as a driver of the performance while noting demand for travel remained strong. Take Two Interactive — Shares of Take-Two tumbled more than 11% a day after the video game company slashed its outlook for net bookings for the year. It also said it expects a net loss for the fiscal year ending March 31, 2023, between $674 million to $631 million, worse than the guidance provided in its first-quarter earnings. Kohl’s — Shares of the ...

A 53-year-old was discovered dead by his friends after he stayed back from a hunting trip, New Hampshire officials say. Getty Images | Royalty Free A 53-year-old hunter was found dead on a hunting trip, New Hampshire officials say. Fish and Game conservation officers said they were alerted to a hunter who was found deceased in Pittsburg around 5:30 p.m. on Nov. 7. His friends had found him dead in their vehicle. The man, whom officials did not identify, had traveled from Massachusetts for a hunting trip with friends, but he wasn’t feeling well so he stayed back in the car while his friends went hunting, according to a Nov. 8 news release. When his friends returned several hours later, they found him dead in the car. Investigators say the death does not appear suspicious and is believed to be caused by a medical emergency. Pittsburg is about 215 miles north of Boston. This story was originally published November 8, 2022 12:49 PM. Moira Ritter covers real-time news for...

Pennsylvania Lt. Gov. John Fetterman, a Democratic candidate for U.S. Senate, speaks at Temple University in Philadelphia, Saturday, Oct. 29, 2022. (AP Photo/Ryan Collerd) Ryan Collerd AP HARRISBURG, Pa. TV icon Oprah Winfrey on Thursday endorsed Democrat John Fetterman in Pennsylvania’s hotly contested Senate race and rejected Republican Dr. Mehmet Oz, whom she had helped launch to stardom nearly two decades ago when she brought him on her popular daytime talk show as a regular guest. Until now, Winfrey had said she would leave the election to Pennsylvanians, but she changed that position in an online discussion on voting in next Tuesday’s election. ”I said it was up to the citizens of Pennsylvania and of course, but I will tell you all this, if I lived in Pennsylvania, I would have already cast my vote for John Fetterman for many reasons,” Winfrey said, before going on to urge listeners to vote for Democrats running for governor and Senate in various states. The Pennsyl...

WASHINGTON — Donald Trump’s former senior counselor Kellyanne Conway said she expects the ex-president to announce a widely anticipated comeback bid for the White House “soon.” Conway, who became the first woman to steer a winning presidential campaign with Trump’s surprise 2016 victory, said that she advised her former boss to delay launching another run until after the midterm elections as not to distract from Republican efforts to take control of Congress. “I give him a ton of credit for not announcing this year, for not stepping in the way of the midterm candidates, which a lot of people around him, who frankly need him for their next meal and their next gig and their next center of power” may not have recommended, Conway said Thursday at a breakfast event hosted by the Christian Science Monitor. “I think you can expect him to announce soon,” she said. Trump has used the midterm cycle to reinforce his grip on the GOP, endorsing candidates from the local level to the U.S. Sen...

Binge-worthy and heartfelt movies, and a whole lot of family disfunction. At least the family disfunction can stay on screen where it belongs. This week’s show time has a little something for everyone, so you can keep busy, and happy, all weekend long. Young girl: “Is it true you find lost people?” Millie Bobby Brown (as Enola Holmes): “Yes.” Young girl: “My sister, she disappeared a week ago.” Netflix’s “Enola Holmes” is back for a sequel. This time, Enola, played by Millie Bobby Brown, sets up her own detective agency. There’s only one problem: no one takes Enola as seriously as her older brother, Sherlock Holmes. David Dawson (as Patrick): “This love is all-consuming. I pity people who don’t know what it feels like.” Harry Styles stars in “My Policeman” as a closeted British officer in the late 1950s who’s torn between his wife and his gay lover. The affair threatens to ruin all of their lives if it comes out. Banks Repeta (as Paul Graff): “I just wanted to be like you.” ...

A man was asleep in his Dania Beach hotel room after attending a Miami Dolphins football game when he heard a knock at the door. He opened it, expecting to see the person who he was staying with, but found an unknown man and woman standing on the other side, the Broward Sheriff’s Office said. The man had a gun and was wearing a red hoodie, camouflaged pants and red shoes. The woman was wearing a white hat and red dress. The man threatened to kill the guest and demanded his valuables after the couple went in the room about 5 a.m. Oct. 24. The male suspect hit the victim with his gun while the woman searched the hotel room near the 300 block of North Federal Highway. They left with cash, electronics and other items, the Sheriff’s Office said. They both fled in a newer black Toyota Corolla. The Broward Sheriff’s Office is seeking to identify the man seen in this surveillance video from a Dania Beach hotel located near the 300 block of North Federal Highway. The man and a woman a...

Club holding Starbucks (SBUX) reported strong fiscal fourth-quarter results after the closing bell Thursday, giving us confidence that demand can endure the softness in the global economy and China’s continued adherence to its zero-Covid policy. Revenue advanced to a quarterly record of $8.4 billion, exceeding expectations of $8.31 billion. Adjusted earnings-per-share came in at 81 cents, outpacing the 72-cent consensus. The stock rose more than 2% in after-hours trading as management reaffirmed their long-term guidance provided in September, which members will recall surprised the investors because of how strong it was. Bottom Line While China’s rolling Covid lockdowns and restrictions remain a headwind, management’s confidence in the long-term outlook for the region was unwavering, with the team commenting on the post-earnings call that their “aspirations for our business in China has never been greater .” The company opened its 6,000th China location in September and continues t...

Zoom In IconArrows pointing outwards CNBC World Stock Cup 2022 CNBC Asia From Apple to Tencent , LVMH to BHP , Naspers to Netflix . As we head into the World Cup season, CNBC will be taking a look at some of the world’s biggest companies and pitting them against each other for the inaugural CNBC Stock World Cup 2022. Starting with the initial stages on Nov. 7, we’ll ask experts from across the globe to rate each match-up based on one key question: If you invest today, which of the two companies going head-to-head will give you a greater total return over the next 12 months? Thirty two companies. One final champion. Source link 2022-11-03 23:30:01 www.cnbc.com The post How the CNBC Stock World Cup 2022 works appeared first on MIAMI DAILY CHRONICLE . from MIAMI DAILY CHRONICLE https://ift.tt/6DI5t0d via IFTTT

Ice Spice recently took to Twitter to shut down NLE Choppa after the Memphis rapper announced an upcoming song he dedicated to her. 199 Views Ice Spice took to Twitter to give her opinion on NLE Choppa’s new song he dedicated to her. After Spice saw Choppa’s cover art for the upcoming single, the “Munch” rapper posted a  tweet saying:     “Nigga feenin gotta play it cool.”   Despite the Memphis rapper’s recent breakup , he took to Twitter to announce his new song titled “Ice Spice” which he attempted to shoot his shot at the “Bikini Bottom” artist directly by dedicating a song to her and referencing Spice’s hit “Munch.”  A snippet of the song was previewed in October and is scheduled to be released on Friday, November 4th.  Ice Spice has been getting a lot of buzz ever since her “Munch” debut earlier this year. Since then, she has opened up about who she is, addressed her meeting with fellow rapper,  ...