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SURABAYA, Indonesia — An Indonesian court on Thursday acquitted two police officials charged with negligence leading to the deaths of 135 people in October when police fired tear gas inside a soccer stadium, setting off a panicked run for the exits. A third official was sentenced to 18 months in prison. The disaster in Kanjuruhan stadium in East Java’s Malang city was among the world’s worst sporting tragedies. Some 43 children were among the deaths and about 580 spectators were injured. A panel of three judges at Surabaya District Court, which was under heavy police guard, absolved police officers Wahyu Setyo Pranoto and Bambang Sidik Achmadi of charges because they found no direct causal link between the defendants’ actions and the deadly crowd crush. The two were released Thursday. Presiding judge Abu Achmad Sidqi Amsya said the court found that Pranoto, the Malang police head of operations, never ordered the use of tear gas at the match and knew that international soccer governing ...

Those who've grown up close to their cousins know it's a relationship unlike any other. That bond is the topic of the latest episode of "Lopez vs. Lopez," the sitcom starring comedian George Lopez and his real-life adult daughter, Mayan Lopez. Episode 15 focuses on a visit from three primos , or cousins , played by guest stars Harvey Guillén, Jessica Marie Garcia and Chelsea Rendon, who will offer Mayan and her husband Quinten (Matt Shively) a glimpse of what life could have been like if they had made different choices. “Cousins can hold a mirror up to yourself,” Rendon said. “And I think that’s something that we do in the episode for Mayan, but then it also kind of puts the mirror to ourselves. And I think that’s really beautiful.”  “Lopez vs. Lopez,” which airs on NBC (NBC News and NBC are part of NBCUniversal) is a comedy about a Latino working-class family. And it uses humor to tackle complicated issues that can both unite and split households. cousins -ac-946p-d2...

The Securities and Exchange Commission today filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for using nonpublic information in advance of at least seven merger announcements involving Special Purpose Acquisition Companies (SPACs) to earn illicit profits of more than $3.4 million. The SEC’s complaint alleges that Wygovsky learned material non-public information about upcoming SPAC mergers from his employer’s involvement in transactions related to the mergers. The complaint further alleges that, from May 2020 through April 2021, Wygovsky used encrypted messaging to tip his close friend and trading client, Matthaei, about the upcoming mergers. According to the complaint, Matthaei, who ran a trading and research group focused on SPACs during the relevant period, allegedly traded on Wygovsky’s tips. “As alleged in our complaint, the defendants, both industry pro...

Republican lawmaker s in Kentucky passed a measure Thursday to ban gender -affirming care for trans gender minors, completing whirlwind voting on a repackaged proposal that triggered outrage and tears among opponents unable to stop the sweeping policymaking on a culture wars issue. Supporters of the proposal — which affects how gender is discussed in schools — beat a Thursday deadline to retain their power to override an expected gubernatorial veto. GOP supermajorities in the House and Senate overwhelmingly passed the bill, a day after a slimmed-down version had stalled in the Senate and seemingly left the issue in limbo. A cascade of shouting erupted from some bill opponents in the Senate gallery after the measure won final passage. The bill’s foes denounced the fast-track maneuvering and the expanded measure’s consequences for trans youth s. Overcome with emotion, a sobbing Rep. Josie Raymond said children would be harmed. “I’m embarrassed and I’m appalled and I’m scared,” the Democ...

WASHINGTON — A new judge takes over leadership of the U.S. trial court in Washington on Friday, inheriting oversight of secret proceedings involving special counsel criminal investigations into former President Donald Trump’s retention of classified documents and efforts by him and his allies to undo his 2020 election loss. James “Jeb” Boasberg becomes chief judge of the U.S. District Court for the District of Columbia, replacing Judge Beryl Howell as her seven-year term comes to an end. The chief judge has sole discretion over sealed federal grand jury proceedings . That means Boasberg will immediately take over responsibility for handling certain issues that may arise in the special counsel investigations involving Trump, who in November announced he was seeking the 2024 Republican presidential nomination. Boasberg also would assume the same responsibilities if a grand jury is formed in a separate special counsel investigation into President Joe Biden’s handling of classified doc...

WASHINGTON — A top aide to Jill Biden for a decade who oversaw the First Lady’s initiative to support military service members and their families, is stepping down later this month, NBC News has learned.  Rory Brosius will be replaced as executive director of Joining Forces by Sheila Casey, the wife of former Army Chief of Staff Gen. George Casey. “As a young military spouse walking into the East Wing to intern for Joining Forces in August of 2012 to joining the Biden-Harris Administration on day one to stand up Joining Forces, this has been the journey of a lifetime,” Brosius said in a message sent to the military community she’s worked with announcing her departure.  Joining Forces was first launched in 2011 by Biden and Michelle Obama, who was first lady at the time, as a way of convening the public and private sector with members of the military , their families and veterans, and to support them with educational and employment resources. Biden revived the initiative when she retu...

The Commodity Futures and Trading Commission filed a complaint against crypto exchange Binance, its co-founder, Changpeng Zhao, and its former chief compliance officer, Samuel Lim, alleging that Binance actively solicited U.S. users and subverted the exchanges own “ineffective compliance program,” according to a filing in Illinois federal court Monday. The filing has the potential to upend the exchange’s operations and is potentially just the first salvo in a regulatory crackdown on the world’s largest crypto exchange. Beyond disgorgement and any monetary costs, the CFTC filing asked the court to impose further relief, including trading and registration bans. The regulator alleged that Binance, Zhao, and Lim violated eight core provisions of the Commodity Exchange Act, including laws that require controls “designed to prevent and detect money laundering and terrorism financing.” Just days prior to the CFTC filing, CNBC reported on how Binance employees worked to subvert the exchange’s...

In this article .BBKA Follow your favorite stocks CREATE FREE ACCOUNT A slogan is written on the sidewalk in front of the global headquarters of Swiss bank Credit Suisse the day after its shares dropped approximately 30% on March 16, 2023 in Zurich, Switzerland. Arnd Wiegmann | Getty Images News | Getty Images The collapse of U.S.-based Silicon Valley Bank, the biggest bank failure since the global financial crisis, and the emergency rescue of Credit Suisse by Swiss rival UBS , sparked a sell-off in banking stocks as contagion fears spread. Deutsche Bank was the next target, with shares plunging and the cost of insuring against its default spiking at the end of last week — despite the German lender's strong capital and liquidity positions. related investing news 'Sell into rallies': Morgan Stanley names the stocks to navigate current European banking jitters Ganesh Rao a day ago The market panic appeared to subside Monday after First Citizens agreed to buy a large chunk...

Michael Barr, vice chair for supervision of the Board of Governors of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images The Federal Reserve's top banking regulator said Monday that the failure of the Silicon Valley Bank was due largely to mis manage ment, though he noted that regulation and oversight also need to step up. Fed Governor Michael Barr, the central bank's vice chair for supervision, insisted in prepared remarks to two congressional panels that regulators had noted issues with SVB's risk manage ment, but the bank was too slow to respond. "To begin, SVB's failure is a textbook case of mismanagement," he said. "The bank waited too long to address its problems, and ironically, the overdue actions it finally took to strengthen its balance sheet sparked the uninsured depositor run that led to the bank's failure." Barr is to address the Senate Banking C...

Photo illustration, the Silicon Valley Bank logo is visible on a smartphone, with the stock market index in the background on the personal computer on March 14, 2023, in Rome, Italy. Andrea Ronchini | Nurphoto | Getty Images First Citizens Bank & Trust Co will buy Silicon Valley Bank's deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just over two weeks after the biggest U.S. banking collapse since Lehman Brothers. The deal includes the purchase of approximately $72 billion of SVB assets at a discount of $16.5 billion, but around $90 billion in securities and other assets will remain "in receivership for disposition by the FDIC." related investing news 'Sell into rallies': Morgan Stanley names the stocks to navigate current European banking jitters Ganesh Rao 5 hours ago "In addition, the FDIC received equity appreciation rights in First Citizens BancShares, Inc., Raleigh, North Carolina, common stock with a potential valu...

WASHINGTON — U.S. Capitol Police officials were not told that the surveillance video of the Jan. 6 attack on the Capitol, which they gave to House Republicans, would be passed on to Fox News host Tucker Carlson, the department's top lawyer said in a sworn court filing. In a declaration filed Friday in Washington federal court, Capitol Police general counsel Thomas DiBiase said police found out from a media report on Feb. 20 that Carlson's staff were reviewing thousands of hours of footage from the day of the riot that had not been made public at the time. The Republican-led Committee on House Administration had requested access to the footage from Capitol police just 12 days earlier, according to DiBiase in the filing, first reported by Politico. Demonstrators clash with U.S. Capitol police officers while trying to enter the Capitol building during a protest on Jan. 6, 2021. Victor J. Blue / Bloomberg via Getty Images file DiBiase said he was told that "personnel from th...

The full picture of why Silicon Valley Bank failed so spectacularly and so fast has not yet come into focus. But uncommon lending practices at the cutting-edge lender contributed to its woes and raise questions about risk management by its executives and board, analysts said. These lending practices may also explain why there has been no merger of the institution with a healthier bank as typically occurs when the Federal Deposit Insurance Corp. steps in as it did with Silicon Valley Bank last week. For example, of the roughly $74 billion in total loans Silicon Valley Bank held on its books at year-end, almost half — $34 billion — went to borrowers who used the money to buy or carry securities of their own, regulatory data shows. Other lenders make such loans but in far smaller amounts, filings show.  For now, things have calmed down at the bank following an extraordinary move by the federal government to guarantee all its deposits, even those over the usual FDIC limit of $250,000...