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Axios 09/15/2019 08:18
Crude oil prices are expected to surge when Asian markets re-open Sunday night (U.S. time) as traders respond to Saturday's attacks against major oil processing and production sites in Saudi Arabia. Why it matters: The reported drone strikes, which took large volumes of production offline, are stark evidence of security risks facing OPEC's largest producer and the world's largest crude oil exporter. Saudi officials say the strikes have cut production by 5.7 million barrels per day — about 50% of the kingdom's total output and 5% of global supplies. It's unclear how quickly production will resume, but Saudi officials say they will use their stockpiles to keep meeting customer demand. Yemen's Iranian-backed Houthi rebels have claimed credit f.
Axios 09/15/2019 05:38
Hong Kong police fired tear gas at pro-democracy protesters as violence again engulfed the Chinese-controlled territory after tens of thousands defied a ban on a mass rally to march through the city Sunday, reports. Details: Hong Kong police protesters to "stop their illegal acts and leave the scene immediately" as they launched a crackdown to disperse demonstrators.
Axios 09/14/2019 22:37
Supreme Court Justice Brett Kavanaugh was accused of another sexual misconduct allegation Saturday, which was allegedly reported to the FBI during his 2018 confirmation process but was not investigated by the bureau, the reports. Details: The Times reports that Max Stier, who runs a nonprofit in D.C., was a Yale classmate of Kavanaugh's when he saw "Kavanaugh with his pants down at a different drunken dorm party, where friends pushed his penis into the hand of a female student."
Axios 09/14/2019 11:18
Former national security adviser John Bolton resigned the day after a Monday discussion about Iran policy in which President Trump raised the possibility of relieving some sanctions, a person close to Bolton tells Axios. What happened: Bolton did not favor giving the Iranians relief and believed the maximum pressure campaign was working, the person, who spoke on condition of anonymity, said. Background: Iranian President Hassan Rouhani "signaled approval" of Trump's dismissal of Bolton earlier this week, the .
Axios 09/14/2019 09:54
In a statement on Saturday morning, the White House confirmed that Hamza bin Laden, a son of Al Qaeda founder Osama bin Laden, was killed during a U.S. counterterrorism operation in the Afghanistan-Pakistan region. "...The loss of Hamza bin Ladin not only deprives al-Qa’ida of important leadership skills and the symbolic connection to his father, but undermines important operational activities of the group. Hamza bin Ladin was responsible for planning and dealing with various terrorist groups.". The big picture: The announcement comes days after the 18th anniversary of the 9/11 attacks. Al Qaeda has not carried out a major attack in years, per . The militant group was possibly grooming Hamza bin Laden to become its next leader, but he mainly.
Axios 09/14/2019 09:00
Made-up stories — spoken yarns, art, games, books and films — have always been a diversion reserved for the end of a long day. Now they're becoming alloyed with the rest of our lives, jostling for space with facts. What's happening: We are surrounded by lifelike synthetic realities — super-engaging parallel worlds, enabled by new technologies, that are coming to define how we understand and interact with each other. Why it matters: The distinction between fact and fiction is up for grabs as the boundary separating them gets increasingly fuzzy. And arguments over whose reality is most real are already derailing politics and society. Entire synthetic universes are home to millions: Viral video games like Fortnite , replicating some of the rul.
Axios 09/14/2019 07:00
A survey from Clever Real Estate finds that even baby boomers who are nearing retirement have only saved about 30% of the recommended amount, and the average boomer is about $320,000 shy of the income level recommend, based on their average salary. Reproduced from ; Chart: Axios Visuals. Why it matters: Public pension funds are underfunded by trillions of dollars, which is a that have guaranteed them, but data shows most Americans have badly underinvested in their own retirement funds as well. "Fidelity's rule of thumb: Aim to save at least 1x your salary by 30, 3x by 40, 6x by 50, 8x by 60, and 10x by 67.".
Axios 09/14/2019 06:00
Tech companies are ramping up efforts to support news companies as they face pressure to elevate quality news and information ahead of the 2020 election. Why it matters: Tech titans, particularly Google and Facebook, have been blamed for their role in spreading misinformation during the 2016 election that may have impacted voter turnout or results.
Axios 09/13/2019 15:49
The U.S. District Court of Massachusetts on Friday sentenced actress Felicity Huffman to 14 days in prison, , and 250 hours of community service in part of what authorities have called the largest ever prosecuted by the Justice Department, per the . Why it matters: Huffman is now the first parent to be sentenced of to be sentenced in the admissions scandal led by consultant William Singer.
Axios 09/13/2019 10:21
WeWork tried breathing new life into its IPO this morning with a disclosing significant changes to voting structure, lockups, profit-sharing, and succession-planning. Why it matters: Almost all of this is about reducing the power of co-founder and CEO Adam Neumann, who remains more controversial among many investors than WeWork's business model. As such, the company said it will:. Cut the power of Neumann's super-voting stock from 20 votes per share to 10 votes per share, and convert it to one vote per share if Neumann were to die or become incapacitated. Give WeWork's board the ability to remove Neumann as CEO and choose a successor.
Axios 09/13/2019 10:09
The Second Circuit Court of Appeals reinstated Friday a lawsuit that accused President Trump of violating the Constitution's emoluments clause, . Why it matters: The decision dredges up one of the president's most persistent ongoing legal threats. It's a high-level ruling for such a case and could force the president to defend himself in court because only an expanded version of the Second Circuit or the Supreme Court could overturn the decision.
Axios 09/13/2019 10:00
The top 10 Democratic presidential candidates took to the stage Thursday night for the third presidential debate, marking the first time the top contenders all appeared on one stage. What to watch : Julián Castro vs. Joe Biden; Beto O'Rourke on taking away AR-15 rifles, and a couple Biden-specific moments. 1) Julián Castro vs. Joe Biden. Former HUD Secretary Julián Castro went after Vice President Joe Biden and his health care plan during the 2020 Democratic debate, saying, "I'm fulfilling the legacy of Barack Obama and you're not.".
Axios 09/13/2019 09:52
As part of its antitrust inquiry into Google, the Justice Department is seeking a variety of documents and information from DuckDuckGo, a privacy-oriented search service that competes with Google, Axios has learned. Why it matters : The Justice Department appears to be seeking information similar to what was gathered in an earlier EU inquiry — particularly about the types of deals and arrangements that Google and other companies have made to get their services installed by default on various devices and browsers. The attorneys general from 48 states, Puerto Rico and Washington, D.C. have into Google. DuckDuckGo has until Oct. 7 to respond, according to the document, which was seen by Axios. The big picture: The requests for information are
Axios 09/13/2019 09:35
The third Democratic primary debate in Houston had little discussion of climate change and energy, but still lent itself to some hot takes. The big picture: Climate is stitched into the fabric of 2020 now. Beyond the whopping 5 minutes or so of direct discussion, many candidates wove climate into their mini-stump speeches and answers on other topics. Pete Buttigieg hit President Trump for skipping the climate session at the recent G7 meeting as part of a broader foreign policy critique. Joe Biden, in his wide-ranging opening statement, said "I refuse to postpone any longer taking on climate change.". Elizabeth Warren's answer caught my attention. The Massachusetts senator said "we've got to use all the tools" and then went on to say (emphasi.

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