

Marc Rowan, CEO of Apollo Global Management, has strongly criticized lenders who cannot meet standard private credit fund redemption requests, calling them "idiots." He highlighted that Apollo's policy of limiting quarterly redemptions to 5% is a generally accepted industry standard, and firms unable to adhere to this are not managing risk effectively. Rowan also pointed out that many software valuations are "wrong" due to the potential for AI disruption, a factor that should have been foreseeable. Apollo, a trillion-dollar manager, has faced scrutiny but maintains its robust business model despite recent market fears.
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CNBCThe UK government has stated that the Prime Minister was unaware Lord Mandelson failed security vetting for the US ambassador role until earlier this week. Officials in the Foreign Office reportedly made the decision to proceed with his appointment against the vetting agency's recommendation. Prime Minister Keir Starmer faces calls to resign over claims he misled Parliament about the due process. The situation has led to accusations of betrayal of national security and calls for the Prime Minister's resignation.
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BBCPresident Donald Trump announced that Israel and Lebanon have agreed to a 10-day ceasefire, set to take effect at 5 p.m. ET. This agreement follows direct talks between the two nations in Washington, D.C., and occurs amidst ongoing tensions with Iran. Trump expressed optimism for peace, stating that both sides are eager for resolution. He also indicated plans to invite the leaders of Israel and Lebanon to the White House for further discussions.
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CBS NewsMinnesota's Democratic lawmakers united to block a Republican-led effort to investigate and potentially impeach Governor Tim Walz and Attorney General Keith Ellison. The move by the House Rules and Legislative Administration Committee, which deadlocked 8-8 along party lines, has sparked outrage among conservatives on social media. Republicans argue that Democrats are panicking and avoiding accountability for a significant fraud scandal. Democrats, however, contend the proposal is unserious and distracts from pressing issues like rising costs.
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Fox NewsIndividuals facing credit card debt and wage garnishment may still qualify for debt forgiveness programs. Proof of garnishment can strengthen a case by demonstrating an inability to repay. Eligibility typically hinges on a proven inability to repay, documented financial hardship, and a significant debt load, generally above $7,500. While some repayment may still be required, this option can offer substantial relief, potentially wiping out 30% to 50% of outstanding debt, though tax implications for forgiven debt should be considered.
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CBS NewsA federal jury has determined that Live Nation and its subsidiary Ticketmaster operated as an illegal monopoly, stifling competition and overcharging consumers. This verdict is a significant legal victory for 33 states and Washington D.C. that brought the lawsuit. However, the immediate impact on ticket prices is expected to be minimal, as remedies and penalties will be decided in a separate trial, and any court orders are likely to face lengthy appeals. Consumers may see long-term benefits if competition is restored, but immediate price reductions are not anticipated.
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NPRLos Angeles is expected to experience gusty Santa Ana winds starting Friday, with speeds ranging from 20 to 40 mph and gusts up to 50 mph in higher elevations. Following this, a chance of light rain is forecast for early next week, likely Monday through Wednesday, with anticipated rainfall of about a quarter to half an inch. While no significant impacts are expected from the rain, the winds will contribute to warmer temperatures over the weekend before a cooling trend begins. Weather advisories are anticipated for Friday.
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LA TimesEllie Kildunne will start on the wing, a new position for her in the Six Nations, as part of a significantly altered England lineup facing Scotland. Zoe Harrison returns to fly-half, and Abi Burton is shifted to lock due to multiple injuries in the forward pack. Youngster Demelza Short will debut in the back row, with Emma Sing starting at full-back. These changes reflect England's depth challenges and aim to leverage Kildunne's speed in an attacking role.
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BBCRescuers are preparing a novel approach using air cushions to attempt to free a humpback whale, nicknamed Timmy, stranded for weeks off the German coast. The plan involves lifting the whale onto a tarp attached to a tugboat. Wildlife experts acknowledge the significant risks involved due to the whale's weakened condition and previous failed rescue attempts. Despite a critical prognosis, officials believe this minimally invasive method offers a chance of survival and a potential route back to the North Sea and Atlantic.
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BBCPresident Donald Trump stated that the United States is "very close" to reaching a deal with Iran, following failed negotiations last weekend. He also expressed confidence that Hezbollah would abide by the 10-day ceasefire agreement between Israel and Lebanon. Meanwhile, a House war powers resolution aimed at limiting Trump's military actions in Iran narrowly failed to pass. The ongoing tensions and complex diplomatic landscape underscore the volatile situation in the region.
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Oil tanker traffic through the Strait of Hormuz has drastically reduced, with only two vessels observed transiting the waterway, as the U.S. naval blockade of Iran enters its fourth day. U.S. Central Command reports that 14 vessels have been forced to turn back. Iran has threatened retaliation, including shutting down traffic in other key waterways. This disruption is causing the largest oil supply disruption in history, with traffic levels significantly below pre-war levels.
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CNBCDefense Secretary Pete Hegseth reportedly used a passage closely resembling a quote from Quentin Tarantino's film 'Pulp Fiction' during a Pentagon prayer session, attributing it loosely to the Bible's Book of Ezekiel. The prayer, intended for search-and-rescue crews, included lines about "great vengeance and furious anger." While the Pentagon acknowledged the inspiration from the movie, they defended Hegseth's use of the text. Hegseth also criticized the press, likening them to Pharisees, for their reporting on the Iran war.
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The GuardianThe House of Representatives has voted to extend temporary deportation protections for Haitian nationals in the U.S., delivering a rare rebuke to President Trump's immigration policies. The bill, which passed with bipartisan support, would extend Temporary Protected Status (TPS) until 2029. This decision comes as the Supreme Court considers the administration's efforts to revoke such protections for various nationalities. Lawmakers argued that returning Haitians to their country would endanger their lives.
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CBS NewsMinisters in Northern Ireland have approved an additional £19.2 million to support lower-income households reliant on home heating oil, supplementing existing UK government funds. This brings the total support to £36.2 million, allowing approximately 340,000 households to receive a £100 payment. Eligibility is set at a combined income of £30,000 or less, or receipt of certain benefits. The distribution method will be via pre-paid vouchers, with legislation and eligibility checks pending.
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BBCIsrael and Lebanon have agreed to a 10-day ceasefire, announced by President Donald Trump, aimed at achieving peace between the nations. This agreement follows direct talks in Washington, D.C., and occurs alongside broader U.S.-Iran ceasefire negotiations. The conflict, which began last month, has resulted in significant casualties and displacement in Lebanon. Concerns remain about potential Israeli occupation and ongoing instability along the border, with fears of a return to prolonged conflict.
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VoxA Trump-appointed arts commission has granted preliminary design approval for the 'Arc de Trump,' a proposed 250-foot arch intended for Washington D.C. The project faced significant public opposition, with thousands of comments submitted against it, citing concerns about its scale and visual impact on the city's skyline. Commissioners also raised questions about structural elements and access. Despite these concerns and ongoing lawsuits, the project moves forward, with a final approval vote pending revisions.
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CBS NewsFormer Virginia Lt. Gov. Justin Fairfax is suspected of fatally shooting his wife, Cerina Fairfax, before taking his own life in a murder-suicide at their Annandale home. Police found both individuals deceased from gunshot wounds. The couple was reportedly in the early stages of divorce proceedings. Their two teenage children were present in the home during the incident. This tragedy marks a somber turn for a prominent political figure and his family.
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CBS NewsFormer NBA player and coach Damon Jones is anticipated to plead guilty in two federal cases alleging his involvement in illegal gambling rings. Jones, who initially pleaded not guilty, is scheduled to appear before a magistrate judge on April 28. He was charged last year in connection with schemes involving alleged mafia figures and athletes, including accusations of sharing inside information related to an NBA player, possibly LeBron James. Jones also allegedly participated in a rigged poker scheme.
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CBS NewsDefense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine reiterated that U.S. forces are prepared to use force if any ships defy the blockade in the Strait of Hormuz, despite a temporary ceasefire in the Iran war. Caine emphasized that compliance is mandatory, with 14 ships having already turned back. Hegseth stated the U.S. can quickly transition from blockade to major combat operations if necessary, urging Iran to "choose wisely" in negotiations while asserting the military's readiness.
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CBS NewsAn Immigration and Customs Enforcement (ICE) agent, Gregory Donnell Morgan Jr., has been charged with two counts of second-degree aggravated assault for allegedly pointing his service weapon at occupants of a vehicle on a Minneapolis highway. Prosecutors state this is potentially the first criminal case against a federal immigration officer involved in the Trump administration's crackdown. Morgan claims he feared for his safety after being 'cut off' on the highway, but authorities assert his actions exceeded his authority.
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The GuardianFederal lawmakers are proposing bipartisan legislation, the SAFER Act, to limit how states can claim custody of securities and investment accounts under unclaimed property laws. This initiative follows a CBS News California investigation revealing states' significant reliance on these funds. The bill aims to prevent states from profiting from assets that could appreciate over time, requiring more stringent conditions for escheatment, particularly for retirement accounts. Senator Elizabeth Warren is also calling for a nationwide review of state unclaimed property systems.
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CBS NewsDespite reporting record profits and robust demand for AI chips, shares of TSMC and ASML saw declines, signaling investor concerns about sky-high expectations. TSMC's first-quarter profits surged 58%, with AI-related demand driving its high-performance computing segment. ASML, a key supplier of chip manufacturing equipment, also posted strong results but faced scrutiny over sales to China and production capacity. The market's reaction suggests that even exceptional earnings may not be enough to satisfy current investor sentiment in the semiconductor industry.
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CNBCFormer England international Ashley Cole has taken his first senior head coaching role at Italian second-division club Cesena, citing a lack of opportunities and discouragement within the English football system. After accumulating coaching experience with various clubs and the England national team, Cole felt compelled to seek opportunities abroad. He expressed pride in being given this chance in Italy, where he previously played, and is eager to implement his vision for the team.
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BBCQuantum computing stocks experienced a significant rally, with shares of IonQ, D-Wave Quantum, Quantum Computing, and Rigetti Computing seeing substantial gains. This surge is largely attributed to Nvidia's unveiling of 'Ising,' a new family of open-source AI models designed to accelerate quantum computing development. Nvidia CEO Jensen Huang stated that AI is crucial for making quantum computing practical, with Ising acting as the 'operating system' for quantum machines. The announcement coincides with World Quantum Day, highlighting the growing interest and investment in this advanced technology.
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CNBCManslaughter charges have been dismissed against two former Torrance police officers, Matthew Concannon and Anthony Chavez, in connection with the 2018 shooting death of Christopher Deandre Mitchell. Mitchell was holding an air rifle when he was killed. The case faced multiple district attorney administrations and was complicated by a racist text-messaging scandal involving some department officers, though Concannon was not found to have sent racist texts. The dismissal follows a review of the case, with the judge finding no evidence of bad faith by the prosecution.
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LA TimesGoogle is enhancing its Gemini chatbot by allowing users to opt-in to connect it with their personal Google Photos library through the Nano Banana image generation tool. This integration will enable Gemini to create personalized images based on users' private photos, such as generating a family scene. Google emphasizes that user data will not be used to train models, and the feature requires user consent. This move signifies a deeper integration of AI into personal user data to create more tailored visual content.
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CNBCA House war powers resolution aimed at restricting President Trump's authority to engage in military action against Iran narrowly failed, with a vote of 213-214. This marks another attempt by Congress to assert its role in authorizing military engagements. While most Republicans opposed the measure, some have indicated a potential shift in their stance if the conflict persists. The resolution's failure underscores the ongoing debate over presidential war powers and congressional oversight.
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CBS NewsKevin Warsh, a nominee for the Federal Reserve chair, has disclosed vast personal wealth, estimated between $135 million and $226 million, in addition to his wife's substantial fortune. However, his financial disclosures lack specific details on certain large holdings due to confidentiality agreements, leading to concerns about potential conflicts of interest. Senator Elizabeth Warren has highlighted these omissions, stating Warsh is currently out of compliance with ethics rules, though he has pledged to divest the assets if confirmed.
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CNBCA New York jury has ruled that Live Nation and its Ticketmaster unit engaged in illegal monopolistic practices, a significant win for the coalition of states that sued the companies. The lawsuit accused Live Nation of stifling competition and inflating ticket prices. While Live Nation reached a settlement with the Department of Justice, many states rejected it, pursuing litigation to restore fair competition. The jury's verdict could lead to substantial damages and potential structural changes for the live entertainment industry.
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CBS NewsThe U.S. House of Representatives narrowly voted down a war powers resolution that aimed to restrict President Donald Trump's ability to conduct military operations against Iran. The resolution failed by a single vote, with some Republicans joining Democrats in expressing dissent over the conflict's duration and objectives. This vote reflects ongoing divisions within Congress regarding the president's authority in foreign conflicts and the lack of a clear exit strategy. Similar measures have also faced challenges in the Senate.
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BBCThe U.S. Army Corps of Engineers is commencing the long-awaited cleanup of a nuclear waste dump in Armstrong County, Pennsylvania, which has been a source of concern due to potential health risks and environmental contamination. The site contains hundreds of drums of radioactive waste, and the multi-year remediation process will involve careful removal and disposal of materials. Extensive safety measures, including enclosures and air/water monitoring, are in place to protect the surrounding community.
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CBS NewsHims & Hers Health saw its shares rise following HHS Secretary Robert F. Kennedy Jr.'s announcement that the FDA will review peptides for potential inclusion on the 503A bulk list. This review could significantly benefit Hims & Hers, which has been expanding its peptide business and acquired a compounding facility. The move aligns with Kennedy's advocacy for alternative therapies and could provide a clearer regulatory path for peptide treatments, potentially unlocking new revenue streams for the telehealth company as its GLP-1 business evolves.
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CNBCSpirit Airlines may be heading towards liquidation as early as this week, according to sources familiar with the matter. The budget carrier has been grappling with financial difficulties, compounded by a recent spike in fuel prices, which represent a significant operational expense. Despite concessions from unions and plans to shrink its operations, the airline's cash balance is reportedly insufficient to cover projected costs. Competitors have also increased flights to Spirit's destinations, intensifying the pressure.
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CNBCUtah has become a significant hub for measles infections, with over 600 cases reported, marking a widespread outbreak that began last year. A substantial majority of those infected were unvaccinated, and a third required emergency room visits due to severe symptoms. The outbreak's broad spread across Utah's general population differs from previous outbreaks often linked to specific communities. This situation highlights ongoing challenges in maintaining public health and vaccination rates.
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The GuardianParamount Pictures has officially confirmed that a third 'Top Gun' film is in development, reuniting star Tom Cruise with producer Jerry Bruckheimer. This announcement follows the immense success of 'Top Gun: Maverick,' which was released in 2022 and achieved significant box office success. The news comes as Paramount aims to leverage its popular franchises, including 'Top Gun,' 'Star Trek,' and 'Yellowstone,' following the merger with Skydance Media.
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LA TimesA minibus taxi caught fire on a highway in southwestern Zimbabwe, resulting in the deaths of approximately 18 people, according to police. The incident occurred near the city of Bulawayo, and authorities are still working to confirm the exact number of fatalities. The cause of the fire has not yet been determined. Minibus taxis are a common form of public transportation in Zimbabwe and are often overloaded.
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A former Kennedy Center staffer details a year of turmoil under President Trump's administration, marked by political interference, staff firings, and artist cancellations, culminating in the center's planned two-year closure and renaming. The author describes a culture of cronyism and questionable priorities, including the proposed sale of artworks and the politicization of the institution. The narrative highlights the challenges faced by arts institutions in navigating political shifts and the personal impact on employees.
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The AtlanticA resolution in the U.S. House of Representatives seeking to limit President Trump's military involvement in Iran has narrowly failed, with a vote of 213-214. This outcome reflects growing dissent among Democrats regarding the prolonged conflict and the administration's strategy. The vote underscores the ongoing debate over Congress's constitutional authority in matters of war and the lack of a clear exit strategy from the conflict, despite ongoing ceasefire negotiations.
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The GuardianGlyn Razzell, who was convicted of murdering his estranged wife Linda and has never disclosed the location of her body, has been granted parole. The Parole Board stated that its decisions focus solely on public risk, concluding that Razzell no longer poses a threat. This decision has drawn criticism from Linda's family, who believe it undermines Helen's Law, which mandates consideration of the suffering caused by killers withholding such information. The Ministry of Justice is reviewing grounds to challenge the decision.
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BBCAn Immigration and Customs Enforcement (ICE) agent, Gregory Morgan Jr., faces two counts of second-degree assault for allegedly pointing a handgun at occupants of another vehicle on a Twin Cities highway. Charges state Morgan was driving on the shoulder when the incident occurred, and he claims he drew his weapon out of fear after being 'cut off.' Prosecutors assert his actions were dangerous and exceeded his authority, marking a significant development in accountability for federal agents.
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CBS NewsChris Paul, recently traded by the Clippers, posted a meme on Instagram alluding to 'hater's funeral' shortly after his former team suffered a play-in loss to the Golden State Warriors. This post suggests Paul may have taken satisfaction in the Clippers' exit, especially given his contentious departure from the team earlier in the season. The Clippers had a strong turnaround after a poor start, but ultimately fell short in the postseason.
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LA TimesIsraeli activist Maoz Inon, whose parents were killed by Hamas, and Palestinian activist Aziz Abu Sarah, whose brother died in Israeli military detention, have co-authored a book titled 'The Future Is Peace.' The book outlines their shared vision for peace in Gaza and the broader Israeli-Palestinian conflict. Their collaboration highlights efforts by individuals on both sides to promote reconciliation and understanding amidst ongoing violence and division.
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NPRMyseum, a social media platform provider, saw its stock price more than double after announcing a strategic pivot towards artificial intelligence, including a name change to Myseum.AI. The company plans to integrate AI agents into its platforms to manage personal media while prioritizing user privacy. This move follows a similar surge in Allbirds' stock after its AI-focused announcement, highlighting a trend of companies seeking to capitalize on AI enthusiasm, though market participants caution about the speculative nature of such rallies.
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CNBCIn Sri Lanka, families are celebrating the New Year with traditional rituals while facing significant economic challenges exacerbated by the Iran war's impact on global shipping and prices. Shiranti Rambukkana's family is making sacrifices, reducing food consumption and cooking less due to increased costs of fuel and fertilizer. The war has created a cascading effect, pushing up prices of essential goods and worsening poverty, with a third of children reportedly malnourished. Despite the hardships, families are striving to maintain traditions and hope for prosperity.
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NPRPolice are investigating claims of arson attacks made by an Islamist group, Harakat Ashab al-Yamin al-Islamiya, following several incidents in North London, including an attempted arson at a Persian media organization. While none of the incidents have been declared terrorism, the Met's counter-terrorism team is leading the investigation due to the nature of the locations and similarities between the offenses. Authorities are keeping an open mind regarding the motivations behind these attacks.
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