Blackstone CEO: A wealth tax would drive people out of the United States

Reuters
Robinhood set to report highest quarterly revenue since meme stock frenzy
Trading app Robinhood Markets is expected to report its highest quarterly revenue in nearly three years, helped by a steady rebound in equity markets and crypto trading. Robinhood, at the heart of the meme stock frenzy in 2021, is bouncing back from a slowdown in retail trading activity that followed the pandemic-led trading activity surge. The strong retail trading activity sent Robinhood's shares up 58% in the first three months of the year, the sharpest quarterly stock surge since its listing.
Associated Press
TikTok sues US to block law that could ban the social media platform
TikTok and its Chinese parent company ByteDance are suing the U.S. federal government over a law that would ban the popular video-sharing app unless it’s sold to another company. The lawsuit filed on Tuesday may be setting up what could be a protracted legal fight over TikTok's future in the United States. The popular social video company alleged the law, which President Joe Biden signed as part of a larger $95 billion foreign aid package, is so “obviously unconstitutional” that the sponsors of The Protecting Americans From Foreign Adversary Controlled Applications Act are trying to portray the law not as a ban, but as a regulation of TikTok's ownership.
AFP
Rescuers search for survivors in deadly S.Africa building collapse
Rescue workers said on Tuesday they had made contact with 11 people under the rubble in a race to save dozens still unaccounted for after a building collapsed in the South African city of George killing at least six.Forty-seven people were still unaccounted for, including the 11 with whom contact had been established.
USA TODAY
Ohio lawmakers unveil plan to get Joe Biden on 2024 ballot after scheduling risk
Ohio House leaders unveiled a proposal on Tuesday that would change the certification deadline to 74 days before the Nov. 5 election.
Reuters
Trump seeks records about evidence handling in latest bid to delay documents case
Donald Trump demanded that federal prosecutors reveal details about how they handled boxes seized during a search of his Florida home in 2022 as he seeks to delay the case accusing him of illegally holding onto classified documents, according to a court filing made public on Tuesday. The new demands came after prosecutors working with Special Counsel Jack Smith acknowledged in a court filing on Friday that material in some of the boxes is not in the same order as it was when it was analyzed shortly after the August 2022 search. That admission was contrary to what prosecutors had previously told U.S. District Judge Aileen Cannon, a Trump appointee who is overseeing the case.
Reuters
Investors wary of US cannabis ETFs despite recent rally
New proposed federal rules governing marijuana has so far failed to spark fresh buying interest in exchange traded funds (ETFs) tracking the shares of North American cannabis companies, despite strong performance this year. Marijuana ETFs and cannabis stocks shot higher last week after the U.S. Justice Department said it plans to reclassify marijuana as a less dangerous drug. Big gainers included the Roundhill Cannabis ETF, AdvisorShares Pure Cannabis ETF and Amplify U.S. Alternative Harvest ETF, which are all sitting on year-to-date gains of 29.6% to 36.6%, putting them among the top ETF performers of 2024.
CBS News
3 things we learned from Disney's latest earnings report
Disney CEO Bob Iger's focus on wringing profits from the entertainment giant's streaming business is bearing fruit.
AFP
Ferrari confirms 2024 guidance after first quarter boost
Italian luxury carmaker Ferrari on Tuesday posted a double digit rise in both profits and sales for the first quarter of 2024, and confirmed its full-year guidance.For the whole of 2024, the group continues to expect revenue growth of more than 7 percent to more than 6.4 billion euros and gross operating income, or EBITDA, to rise by a similar amount 2.45 billion euros.
CBS News
Drake's security guard injured in shooting at rapper's home, police say
The shooting comes amid a rap beef between Drake and Kendrick Lamar, but police said they could not speak to a motive at this stage of the investigation.
Politico
TikTok sues to challenge law forcing sale or ban
The filing claims the law violates First Amendment rights of TikTok and its users, and says the government hasn’t shown proof of national security risks.
CNN
US soldier arrested in Russia to be detained for 2 months
An American soldier arrested in Russia on suspicion of theft will be detained for two months, a Russian district court said Tuesday.
AFP
Stock markets climb on lower rates optimism
Stock markets on Tuesday continued to rally over optimism that the US Federal Reserve will cut interest rates this year.UBS shares rallied on the Swiss stock exchange, finishing the day up more than seven percent.
CNN
Boy Scouts of America announces rebrand to ‘Scouting America’
Boy Scouts of America announced Tuesday that the organization will change its name to ‘Scouting America’ next February, to reflect its commitment to enabling all the youth of America to “experience the benefits of Scouting.”
Politico
From porn star to prosecution’s key witness: The evolution of Stormy Daniels
Trump, in a now deleted social media post, appeared furious that she was taking the stand.
Reuters
US soldier detained in Russia travelled through China without clearance- Army
A U.S. soldier who has been detained in Russia travelled to the Russian city of Vladivostok through China without clearance from the military, the U.S. Army said on Tuesday. The soldier, who the Army identified as Staff Sergeant Gordon Black, was arrested on charges of theft by a court in Vladivostok in Russia's Far East, the regional office of the Interior Ministry said in a statement on Tuesday. Black, who enlisted in the Army as an infantryman in 2008, had been assigned to Camp Humphreys in South Korea most recently and was set to return to Fort Cavazos in Texas, the U.S. Army statement said.
The Conversation
Boeing’s Starliner launch – delayed again – will be an important milestone for commercial spaceflight
The Starliner’s planned crewed test on May 6, 2024, was scrubbed after a technical issue with the rocket taking it up to orbit.
Reuters
US probe finds widespread sexual misconduct at FDIC, sources say
The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, an independent report commissioned by the top bank regulator found, according to two sources familiar with the matter. More than 500 individuals reported instances of misconduct at the agency, most of them current FDIC employees, according to the people who have seen the report, which was authored by law firm Cleary Gottlieb following a five-month investigation. Cleary Gottlieb also found evidence of widespread retaliation against employees who complained about supervisor misconduct, and little evidence that such retaliation was addressed, the sources said.
CNN
Over 500 million years ago, weird complex creatures emerged on Earth. Scientists now think they know why
Earth’s magnetic field was once 30 times weaker than it is today. This change may have played a pivotal role in the blossoming of complex life, new research found.
Yahoo Finance
Google debuts $499 Pixel 8a as it pushes generative AI to more consumers
Google has debuted its $499 Pixel 8a smartphone with generative AI capabilities.
Yahoo Finance
Palantir stock falls 12%, putting meme rally on pause
Palantir stock's plunge appeared to halt a recent rally in other stocks favored by retail traders.

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