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☆ Amid campus protests, some teens and parents reconsider enrollment decisions
▼ + stars: | 2024-05-01 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +21 min

I was so dead set on going,” said the private school student, who is Jewish. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Columbia student Cameron Jones told CNN: "I am Jewish and, to me, Passover symbolizes perseverance and resilience. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: “ Barnard, ”, reconsidering, Minouche Shafik, Mimi Doe –, –, “, Doe, it’s, ‘, Joseph Prezioso, what’s, Shafik, ” Shafik, don’t, Brian Taylor, Ivy Coach, they’re, ” Taylor, Ivy, “ It’ll, Etienne Laurent, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Spencer Platt, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, ” Doe, she’s, Liz Magill, Claudine Gay, Hillel, Anna Ivey, ” Ivey Organizations: CNN, New, Columbia, Barnard College, Barnard, Brandeis University, Jewish, University of California, Columbia University, City College, New York City Police Department, Columbia University . Columbia, Brown University, Getty, ” Columbia University, Protesters, Ivy, UCLA, Getty Images Police, Police, Hamilton, Reuters Police, Reuters, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, George Washington University, AP, Sunday, New York University, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, USA, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Ivy League, University of Pennsylvania, Harvard University, Harvard, House, “ Locations: New York City, Manhattan, Israel, Gaza, Massachusetts, Brandeis, Los Angeles, New York, Columbia, Providence , Rhode Island, AFP, ”, The City College of New York, Columbia's, Palestine, Texas, Austin, Washington ,, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Yale, “, Long, , New York

☆ Biden left without an easy solution as campus protests heat up
▼ + stars: | 2024-05-01 | by ( Kevin Liptak | Jeff Zeleny | ) edition.cnn.com time to read: +18 min

Demonstrators supporting Palestinians in Gaza barricade themselves inside Hamilton Hall at Columbia University in New York City on April 30. On Tuesday, White House officials sharply condemned the takeover of a building at Columbia University, voicing a rebuke of tactics they said went too far. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: Joe Biden, Biden, ”, Mike Johnson, “, Karine Jean, Pierre, hadn’t, Alex Kent, Jean, ” Biden, —, “ Biden, nobody’s, Donald Trump, Lauren Hitt, haven’t, Etienne Laurent, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Spencer Platt, Charly Triballeau, Kena Betancur, Seyma, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Morehouse, ’, Karim Safieddine, ” Safieddine, Todd Richmond, Dahlia Saba, Trump, ” Saba, ” Barry Burden, ” Burden, that’s Organizations: CNN, Hamilton Hall, Columbia University, Getty, US, White, Heritage Month, Republican, Fox News, National Guard, Kent State University, University of California, UCLA, Getty Images Police, Police, Hamilton, Reuters Police, Columbia, Reuters, The City College of New, Protesters, Getty Images, Columbia Students, Justice, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, George Washington University, AP, Sunday, New York University, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, USA, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Democratic, US Military Academy, West, Morehouse College, Biden, Syracuse University, University of Pittsburgh, United Steel, Trump, University of Wisconsin, Madison, Democratic Party, Elections Research Locations: New York, Los Angeles, Israel, Gaza, America, spokespeople, New York City, November’s, AFP, The City College of New York, Columbia, Columbia's, Palestine, Providence , Rhode Island, Texas, Austin, Washington ,, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Vietnam, Biden’s, Pittsburgh, Milwaukee, Chicago

☆ Democrats: College campus protests highlight tensions in Biden’s coalition
▼ + stars: | 2024-04-30 | by ( Gregory Krieg | ) edition.cnn.com time to read: +20 min

Joseph Prezioso/AFP/Getty Images Pro-Palestinian protesters confront a Texas state trooper at the University of Texas in Austin on Monday, April 29. Brandon Bell/Getty Images Protesters link arms at Emerson College in Boston on April 24. Brian Snyder/Reuters House Speaker Mike Johnson speaks to the media on the campus of Columbia University after meeting with Jewish students on April 24. Alex Kent/AFP/Getty Images People watch from a window as New York University students set up a tent encampment on April 22. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: Joe Biden’s, Donald Trump, Alex Kent, Biden, Andrew Bates, “, Chuck Schumer, –, Hind Rajab, Mike Johnson, ” Johnson, Trump, Benjamin Netanyahu’s, Mike Lawler, Israel –, Jared Moskowitz, Vermont Sen, Bernie Sanders, ” Moskowitz, Sanders, “ Bernie, Alexandria Ocasio, Cortez, “ Sen, Sanders ’, ” Ocasio, tikkun, ”, Ocasio, Joseph Prezioso, Suzanne Cordeiro, Cliff Owen, Qian Weizhong, David Dee Delgado, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Caitlin Ochs, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Kena Betancur, Josh Gottheimer, Dan Goldman, Richard Nixon, Netanyahu’s, Elizabeth Warren of, Bernie, ’, Warren, ‘, Netanyahu, Israel, ” Sanders –, Sanders –, Democratic Sen, Chris Murphy of, who’s, ” Murphy, Elise Stefanik, ” Stefanik, CNN’s Donald Judd, Kevin Liptak, Annie Grayer Organizations: CNN, Israel Democrats, Capitol, Columbia University, Hamilton Hall, Getty, New York Democrat, College Democrats, America, Columbia, Republicans, Democrats, GOP, Jewish Democrats, Israeli, GOP Rep, Democratic, Florida, New York Rep, Hamilton, Columbia Students, Justice, Brown University, University of Texas, George Washington University, AP, University of California, UCLA, Getty Images, New York University, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, USA, Network, Reuters, Austin, University, Emerson College, Swarthmore College, Bloomberg, Getty Images Police, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, New York Police Department, Occupy, Hamas, Democratic Party, Biden, White, International Court of Justice, Sunday, Fox News, New York, Republican Locations: Gaza, New York City, Columbia, Palestinian, ”, Gaza City, Palestine, New York, Vermont, Alexandria, Israel, Cortez, Providence , Rhode Island, AFP, Texas, Austin, Washington ,, Los Angeles, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, New Jersey, Washington, Elizabeth Warren of Massachusetts, “ State, Chris Murphy of Connecticut

☆ Why this campus turmoil story is so complex
▼ + stars: | 2024-04-26 | by ( David Goldman | Ramishah Maruf | ) edition.cnn.com time to read: +8 min

Brian Snyder/Reuters House Speaker Mike Johnson speaks to the media on the campus of Columbia University after meeting with Jewish students on April 24. Alex Kent/AFP/Getty Images People watch from a window as New York University students set up a tent encampment on April 22. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22. The White House and multiple governors have voiced support for Jewish students and urged protesters and universities to exercise restraint. Yet hundreds of protesters have been arrested for trespassing and for violating school rules, including blocking access to campus buildings or other disruptions on campus.

Persons: Jay Janner, Mike Stewart, Sarah Reingewirtz, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Alex Kent, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Caitlin Ochs, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, David Dee Delgado, Stefan Jeremiah, Selcuk, Kena Betancur, Benjamin Netanyahu’s Organizations: New, New York CNN, University of Texas, Austin Statesman, USA, Network, Reuters, Reuters Georgia State Patrol, Emory University, University of Southern, MediaNews, Los Angeles Daily News, Getty, Austin, University, Emerson College, Columbia University, Swarthmore College, Bloomberg, Getty Images Police, Reuters New York, Reuters Columbia, Columbia, CNN, New York University, New York Times, University of California, Sproul Hall, Yale University, University police, Monday, York University, The New School, AP, Massachusetts Institute of Technology, Library, Getty Images, CAIR, Defamation, Jewish, Israel Locations: New York, United States, Gaza, Gaza . Texas, Austin, Reuters Georgia, Atlanta, University of Southern California, Los Angeles, Boston, AFP, Swarthmore , Pennsylvania, Texas, Columbia, New, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Israel

☆ Live updates: Protests at Columbia and other schools continue into day eight
▼ + stars: | 2024-04-24 | by ( Adrienne Vogt | ) edition.cnn.com time to read: +1 min

Protesters continue to maintain the encampment on Columbia University campus on April 24 in New York City, after a tense night of negotiations. Caitlin Ochs/ReutersColumbia University said it has extended negotiations with student activists over the dismantling of the pro-Palestinian encampment that has cast its campus into days of turmoil, a spokesperson for the school said. The statement came just hours after Columbia’s president announced it had given protesters a midnight deadline to reach an agreement or the university would consider “alternative options” to clear the encampment. The talks will now be extended another 48 hours after “important progress” was made, the spokesperson said. As the protests stretch into their eighth day, Columbia President Minouche Shafik has faced numerous calls from donors and lawmakers who believe police should be brought in to clear the encampment and restore order on campus – even as students and faculty are condemning the president’s similar decision last week to ask the New York Police Department to clear another student encampment.

Persons: Caitlin Ochs, Minouche Shafik, ” Organizations: Columbia University, Reuters Columbia University, Columbia, New York Police Department, National Guard, NYPD Locations: Columbia, New York City

Charly Triballeau | AFP | Getty ImagesBillionaire donors like Robert Kraft and Leon Cooperman are weighing their support for Columbia University amid rising campus tensions over pro-Palestinian protests. "Columbia is grateful to Mr. Kraft for his years of generosity and service to Columbia," a Columbia spokesperson said in a statement to CNBC. Cooperman and Kraft so far, represent a minority of wealthy Columbia University donors who are speaking out on the protests. CNBC reached out to half a dozen foundations listed by Columbia University as having given at least $1 million to the school since 2014. Students protest in support of Palestinians on Columbia University campus, as protests continue inside and outside the university, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York City, U.S., April 22, 2024.

Persons: Bruce A Blakeman, Charly Triballeau, Robert Kraft, Leon Cooperman, Kraft, Nemat, Shafik, Roger Goodell, Austin McAfee, Cooperman, James Gorman, Morgan Stanley, David Greenspan, Leon Cooperman Scott Mlyn, University President Shafik, Caitlin Ochs Organizations: Nassau, Columbia University, AFP, Getty, Columbia, New England Patriots, Georgia World, Center, Kraft Group, Foundation, Combat, Kraft Center for Jewish, The Kraft Group, CNBC, Omega Family, Columbia Business School, Slate, CNBC Columbia Students, Justice, New York Police, NYPD, University President, Students, Columbia University campus, Hamas Locations: New York, Columbia, Gaza, Atlanta, Palestine, Israel, Palestinian, New York City, U.S

☆ 'Clean' property, private lenders could be Trump's best option to get $540 million for legal judgments
▼ + stars: | 2024-03-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

A more important factor could be whether Trump's real estate assets are already mortgaged, said law professor John Coffee. "He would have to come up with clean real estate property that is not already securing something that some other bank has a lien on," Coffee said. Michele Eve Sandberg | AFP | Getty ImagesIn New York City, the value of Trump's real estate holdings totals $690 million, according to a September 2023 estimate by Forbes. New York Attorney General Letitia James, who brought the fraud case, said she would seize Trump's real estate assets if he cannot pay his civil penalty. They instead offered to post a $100 million bond, but New York appeals court Judge Anil Singh rejected the proposal.

Persons: Donald Trump, Justin Sullivan, Trump, Jeff Bezos, Elon Musk, Chris Kise, haven't, Eric Talley, Talley, Alina Habba, Jean Carroll’s, Carroll, Jane Rosenberg, John Coffee, Jones, Michele Eve Sandberg, Letitia James, Anil Singh, Jean Carroll's, Neil Pedersen, Pedersen, Caitlin Ochs Organizations: Fox News, Greenville Convention Center, Getty, Columbia University, Trump, Manhattan Federal, Trump Organization, Trump National Doral, AFP, Forbes, New York, New, Sons, CNBC Locations: Greenville, Greenville , South Carolina, New York, New York City, Trump National Doral Miami, Miami , Florida, York, Manhattan, New York City , New York, U.S

The New York Stock Exchange (NYSE) in New York City, U.S., February 24, 2022. "Presently, the markets price in around a 125bp (basis points) cut from the Fed next year," Ipek Ozkardeskaya, senior market analyst at Swissquote Bank, said in a note. Investors will also parse data on U.S. services sector activity from S&P Global and the Institute for Supply Management on Tuesday. ET, Dow e-minis were down 115 points, or 0.32%, S&P 500 e-minis were down 20 points, or 0.44%, and Nasdaq 100 e-minis were down 103 points, or 0.65%. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Ozkardeskaya, Amruta Khandekar, Pooja Desai Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Fed, Swissquote Bank, Labor Department, P Global, Institute for Supply Management, Nvidia, Dow e, CVS, PDD Holdings, Baidu, Thomson Locations: New York City, U.S

The New York Stock Exchange (NYSE) in New York City, U.S., February 24, 2022. Pressuring equities on Monday were higher U.S. Treasury yields, which made returns on stocks less attractive. However, some analysts have cautioned that markets have been too quick to price in lower interest rates. The S&P index recorded eight new 52-week highs and no new lows, while the Nasdaq recorded 46 new highs and 17 new lows. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Anil D'Silva and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Jerome Powell, It's, Sam Stovall, Stovall, Santa Claus, advancers, Amruta Khandekar, Anil D'Silva, Pooja Desai Organizations: New York Stock Exchange, REUTERS, Companies Alaska Air, Hawaiian Holdings, Dow, Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, Traders, Research, Alaska Air Group, Dow Jones, Marathon, NYSE, Thomson Locations: New York City, U.S, New York, Santa, Israel, Red

While the Dow rose to 35,725.11 points, crossing its intraday high of 35,679.13 points hit in August, all three main indexes were on course for their strongest November since 2020. The S&P 500 (.SPX) and the tech-heavy Nasdaq (.IXIC) were also poised for their biggest monthly percentage gain since July 2022, on signs of cooling price pressures. The personal consumption expenditure (PCE) index - the Fed's preferred inflation gauge - showed inflation remained unchanged in October on a monthly basis, against economists' projections of a 0.1% increase. Core inflation, which excludes volatile food and energy prices, rose 0.2% on a monthly basis, in line with estimates. But most megacap stocks edged lower, with Tesla (TSLA.O) down 1.4% and leading declines, keeping the S&P 500 (.SPX) and Nasdaq (.SPX) under pressure.

Persons: Caitlin Ochs, Salesforce, Dow Jones, Dow, Anthony Saglimbene, Mary Daly, John Williams, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Reserve, U.S, Treasury, Fed, San Francisco Fed, Bank of New York, Dow Jones, Inc, NYSE, Thomson Locations: New York City, U.S, Troy , Michigan, Bengaluru

All eyes are now on the personal consumption expenditure (PCE) index- the Fed's preferred inflation gauge- for October, due at 8:30 a.m. ET, which is expected to show inflation eased in the previous month. The PCE index is expected to rise 0.1% on a monthly basis in October, moderating from a 0.4% increase in September. Data cloud company Snowflake (SNOW.N) added 8.2% after it forecast fourth-quarter product revenue above Street estimates on artificial intelligence driven demand. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Russ Mould, AJ Bell, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Wall, Federal Reserve, Dow e, Ford Motor, Inc, Thomson Locations: New York City, U.S, Chicago, Bengaluru

The Amplify Online Retail ETF climbed 0.44% and the ProShares Online Retail ETF ended the regular trading session 0.39% higher. The broader VanEck Retail ETF gained 0.02%, and the SPDR S&P Retail ETF was the only one in the group to post declines. The Amplify ETF's gains have been driven by top holdings like Affirm Holdings (AFRM.O), up 11.97% on Monday and 97% so far in 2023. The VanEck Retail ETF's holdings include Costco, (COST.O), which gained 0.6% Monday and is up more than 30% so far this year. For example, the SPDR S&P Retail ETF trades at $63.64, down from its year high of $75.77.

Persons: Caitlin Ochs, Michael Ashley Schulman, Suzanne McGee, Ira Iosebashvili, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Exchange, Shoppers, Adobe Digital, Adobe Inc, Adobe, P, Costco, Nasdaq, P Retail, PwC, Deloitte, Running, Thomson, & $ Locations: New York City, U.S

☆ UN chief says extended Gaza truce not enough to meet aid needs
▼ + stars: | 2023-11-27 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

UNITED NATIONS, Nov 27 (Reuters) - United Nations Secretary-General Antonio Guterres described an extended truce between Israel and Palestinian militants Hamas on Monday as "a glimpse of hope and humanity," but warned it was not enough time to meet the aid needs of the Gaza Strip. The United Nations has been delivering some humanitarian aid to Gaza via the Rafah border crossing from Egypt. The United Nations also wants to be able to use the Kerem Shalom border crossing, controlled by Israel. United Nations Secretary-General Antonio Guterres speaks at the United Nations prior to a meeting about the ongoing conflict in Gaza, at the United Nations Headquarters in New York City, U.S., November 6, 2023. "The United Nations will continue to support these efforts in every possible way," Dujarric said in a statement.

Persons: Antonio Guterres, Guterres, Caitlin Ochs, Stephane Dujarric, Dujarric, Michelle Nichols, Chizu Nomiyama, Mark Potter Organizations: UNITED NATIONS, United Nations, Hamas, United Nations Headquarters, REUTERS, Thomson Locations: Israel, Gaza, Qatar, Rafah, Egypt, New York City, U.S

Oil futures traded steady ahead of next week's OPEC+ meeting, which could bring some kind of agreement on output cuts in 2024. Gold futures finished higher as the dollar index slipped against a basket of currencies on Friday. Germany's 10-year government bond yield , the benchmark for the euro area, rose 3 basis points to a 1-1/2-week high. Oil prices were steady after tumbling more than 1% on concerns over a delayed OPEC+ meeting. ($1 = 7.2111 Chinese yuan renminbi)Reporting by Chris Prentice in New York, Naomi Rovnick in London and Stella Qiu in Sydney.

Persons: Caitlin Ochs, Germany's DAX, Peter Doherty, Arbuthnot Latham, Robert Holzmann, Pierre Wunsch, Chris Prentice, Naomi Rovnick, Stella Qiu, Toby Chopra, Susan Fenton, Mark Potter, Deepa Babington Organizations: New York Stock Exchange, REUTERS, U.S, Dow Jones, Nasdaq, Hamas, P Global, European Central Bank, ECB, Bank of England, Japan's Nikkei, China's CSI, Brent, Thomson Locations: New York City, U.S, OPEC, Germany, Israel, London, Belgian, Asia, New York, Sydney

New York Governor Andrew Cuomo arrives to depart in his helicopter after announcing his resignation in Manhattan, New York City, U.S., August 10, 2021. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNov 24 (Reuters) - A woman who in 2021 accused former New York governor Andrew Cuomo of groping her when she was working for him has filed a civil lawsuit against her one-time boss. It was the only criminal charge brought over the allegations against Cuomo. Another former aide, Charlotte Bennett, sued Cuomo for sexual harassment in September 2022. Reporting By Brendan Pierson in New York, Editing by Alexia Garamfalvi Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Cuomo, Caitlin Ochs, Brittany Commisso, Cuomo, Letitia James, Commisso, Charlotte Bennett, Brendan Pierson, Alexia Garamfalvi, Alistair Bell Organizations: New, REUTERS, Democrat, New York, Thomson Locations: Manhattan , New York City, U.S, New York, Albany , New York, Albany's

☆ Kenya to sell 35 state companies as Africa seeks to jumpstart IPOs
▼ + stars: | 2023-11-23 | by ( Duncan Miriri | ) www.reuters.com time to read: +2 min

NAIROBI, Nov 23 (Reuters) - Kenya's President William Ruto said on Thursday the government was poised to privatise 35 state companies after enacting a law last month to guide the process. Kenya last privatised a state-owned company in 2008 with an initial public offering (IPO) for 25% of the shares in telecommunications firm Safaricom (SCOM.NR). "We have identified the first 35 companies that we are going to offer to the private sector. Kenya's President William Ruto speaks during the Sustainable Development Goals (SDG) Summit at United Nations headquarters in New York City, New York, U.S., September 18, 2023. "If well harnessed, stock exchanges can be the engine that transforms Africa into a global economic powerhouse and financial centre of the world," the president said.

Persons: William Ruto, Ruto, Njuguna Ndung'u, Ndung'u, Caitlin Ochs, Bourses, Thapelo, Ducan Miriri, Marc Jones, Aaron Ross, Kirsten Donovan Organizations: African, Nairobi . Finance, Reuters, Sustainable, United Nations, REUTERS, Botswana Stock Exchange, Bharti Airtel, Thomson Locations: NAIROBI, Kenya, Nairobi, New York City , New York, U.S, Africa, Uganda, London

☆ Finland mulls more border restrictions as asylum seekers 'impossible' to return
▼ + stars: | 2023-11-20 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

Finland's President Sauli Niinisto addresses the 78th United Nations General Assembly at U.N. headquarters in New York, U.S., September 20, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsHELSINKI, Nov 20 (Reuters) - Finland said on Monday it had become impossible to return asylum seekers who did not meet the criteria for protection and said that it might further restrict migrant entries from Russia following a jump in the number of applicants. Over 500 asylum seekers, mostly from Yemen, Somalia, Syria and Iraq, arrived in Finland - an eastern outpost of the European Union - via Russia in the past two weeks, prompting Helsinki to shut half its border crossings and accuse Moscow of funnelling migrants to its border. Migrants entering Finland from Russia can now only request asylum at two of the remaining four crossing points on their shared 1,340-km (830-mile) border. The Kremlin said on Monday it had lodged a formal protest over the partial border closure, saying the decision reflected an anti-Russian stance.

Persons: Sauli Niinisto, Caitlin Ochs, Niinisto, Petteri Orpo, Orpo, Tomi Kivenjuuri, Kivenjuuri, Moscow's, Essi Lehto, Terje Solsvik, Anna Ringstrom, Jonathan Oatis, Gareth Jones Organizations: United Nations General Assembly, REUTERS, Rights, European, Migrants, Finnish Border Guard, Reuters, Thomson Locations: U.N, New York, U.S, Finland, Russia, Yemen, Somalia, Syria, Iraq, Helsinki, Moscow, Poland, EU, Finnish, Lithuania, Latvia, Belarus, East, Africa, Oslo, Stockholm

☆ Macy's shares surge on smaller-than-expected sales drop, improved margins
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

Shoppers are seen outside Macy's in the Manhattan borough of New York City, New York, U.S., March 30, 2021. REUTERS/Caitlin Ochs Acquire Licensing RightsNov 16 (Reuters) - Macy's (M.N) on Thursday reported an improvement in margins and a lower-than-expected drop in quarterly sales, sending its shares 10% higher in premarket trading. The Bloomingdale parent said its gross margins improved 160 basis points in the third quarter due to lower markdowns within the Macy’s brand, as well as easing freight charges. The U.S. department store operator's net sales fell 7.1% to $4.86 billion in the third quarter ended Oct. 28, while analysts' had estimated a 7.9% drop to $4.82 billion, according to LSEG data. The company logged an adjusted net income of $59 million, or 21 cents per share, from $143 million, or 52 cents per share last year.

Persons: Caitlin Ochs, Savyata Mishra, Sriraj Organizations: REUTERS, Bloomingdale, Thomson Locations: Manhattan, New York City , New York, U.S, Bengaluru

☆ Stocks to outperform fixed income in 2024, says Barclays
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNov 16 (Reuters) - Global equities are set to outperform core fixed-income assets next year, as threats of a global economic slowdown have declined, Barclays strategists said in a note on Thursday. We think stocks will benefit from a fairly benign bottom to this business cycle and look through near-term earnings disappointments," said Ajay Rajadhyaksha, global chairman of research at Barclays. "We now turn overweight (on) global equities over core fixed income." Barclays expects mid-to-high single-digit equity returns in both the U.S. and Europe next year, even as bond yields stay elevated. JP Morgan had recommended commodities over stocks and bonds.

Persons: Caitlin Ochs, Ajay Rajadhyaksha, Goldman Sachs, J.P.Morgan, JP Morgan, Roshan Abraham, Susan Mathew, Janane Organizations: New York Stock Exchange, REUTERS, Barclays, Treasury, U.S, Thomson Locations: New York City, U.S, Europe, Bengaluru

☆ Macy's smashes profit estimates as leaner inventory lifts margins, shares jump
▼ + stars: | 2023-11-16 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

Shoppers are seen outside Macy's in the Manhattan borough of New York City, New York, U.S., March 30, 2021. REUTERS/Caitlin Ochs Acquire Licensing RightsNov 16 (Reuters) - Macy's (M.N) crushed analysts' estimates for quarterly profit on lower inventories and strong demand for beauty products, sending the department store operator's shares surging as much as 14% on Thursday. "(We are) entering the holiday period in a healthy inventory position," Macy's outgoing CEO Jeff Gennette said in a statement. Gross margins improved 160 basis points in the third quarter, driven by a 110 basis points jump in merchandise margins, bolstered by lower markdowns within the Macy's brand and reduced freight costs. Credit card revenues again declined, down 100 basis points year-on-year, indicating its core middle-income consumer faced difficulty in repaying debts as interest rates climbed.

Persons: Caitlin Ochs, Jeff Gennette, Tony Spring, Rachel Wolff, Macy's, Savyata Mishra, Sriraj Organizations: REUTERS, Bloomingdale, Target, Walmart, Insider, Thomson Locations: Manhattan, New York City , New York, U.S, Bengaluru

☆ The wildest moments of WeWork’s rise
▼ + stars: | 2023-11-11 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

And many early WeWork employees, who worked at lower salaries because they were given stock options, ended up with nothing. WeWork’s wild rise and fall is the latest high-profile incident to shatter that myth. Here is a look at four of the wildest moments from WeWork’s rise, according to the company’s statements and a best-seller about the company. (Part of WeWork’s push to appeal to millennials included free-flowing beer and open bars set up within its coworking outposts.) That pre-IPO paperworkThe beginning of the end can perhaps be traced back to WeWork’s first attempt to go public back in 2019.

Persons: New York CNN — WeWork, Adam Neumann’s, Neumann, Son, Adam Neumann, Kelly Sullivan, Eliot Brown, Maureen Farrell, millennials, Darryl McDaniels, Mike Segar, ”, Rebekah, WeWork, Caitlin Ochs, WeWork’s, Neuman, Mark Lennihan, “, Tolga Akmen Organizations: New, New York CNN, WeWork, San Francisco, of Fine Arts, Gulfstream G650, Wall Street Journal, Bloomberg, Getty, Nasdaq, City of Locations: New York, San, San Francisco , California, Israel, Manhattan , New York, WeGrow, WeLive, New York City, U.S, City, City of London, AFP

☆ Wall Street’s glum rainmakers deserve more love
▼ + stars: | 2023-10-26 | by ( John Foley | ) www.reuters.com time to read: +7 min

Morgan Stanley’s (MS.N) investment banking revenue in the third quarter was its worst since 2009, at just over $1 billion. The rapid rise in interest rates, which makes traditional lending more lucrative for so-called universal banks, adds to the glum aura around investment banking. Reuters Graphics Reuters GraphicsInvestment banking isn’t the biggest part of any bulge-bracket firm’s revenue, but it’s disproportionately profitable. Goldman made nearly $8 billion more from investment banking in 2021 than in the last four quarters. Declining volatility in markets is great for deals, but it’s nowhere near as good for banks’ trading desks, which tend to thrive on choppy conditions.

Persons: Caitlin Ochs, Goldman Sachs, Morgan Stanley’s, Goldman, Morgan Stanley, James Gorman, Jane Fraser, David Solomon, they’re, Peter Thal Larsen, Oliver Taslic Organizations: New York Stock Exchange, REUTERS, Reuters, Exxon Mobil, Chevron, JPMorgan, Citigroup, Reuters Graphics Reuters Graphics Investment, Hamas, Goldman, Bank of America, Barclays, Citi, Thomson Locations: New York City, New York, U.S, catnip, Israel, China

☆ Google to manufacture smartphones in India starting with Pixel 8
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

The new Pixel 8 Phone is displayed in New York City, U.S., October 4, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNEW DELHI, Oct 19 (Reuters) - Alphabet Inc (GOOGL.O) will start manufacturing in India and will partner with international and domestic manufacturers to produce its Pixel smartphones locally, starting with Pixel 8, an executive said on Thursday. The devices are expected to be rolled out in 2024, Rick Osterloh, senior vice president of devices and services, said at a Google event. "India is a priority market for Pixel smartphones, and we’re committed to bringing the best of our hardware and underlying built-in software capabilities to people across the country," Osterloh said. India is aiming to become a manufacturing powerhouse, amid a greater push for Prime Minister Narendra Modi's "Make in India" initiative.

Persons: Caitlin Ochs, Rick Osterloh, we’re, Osterloh, Narendra Modi's, Tanvi Mehta, Blassy, Muralikumar Organizations: REUTERS, smartphones, Apple, Micron Technology, Thomson Locations: New York City, U.S, DELHI, India

☆ Donald Trump's lawsuit over 'Steele dossier' in London court
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

The "Steele dossier" made allegations about ties between Trump's 2016 election campaign and Russia, and said Trump engaged in "perverted sexual acts" which were monitored by Russia's Federal Security Service (FSB). Trump has previously criticised what he described as Steele's "fake dossier", and his lawyers say the report is inaccurate. In court filings, Trump denies the allegations made in the Steele dossier, including that he engaged in perverted sexual behaviour in Russia and that he paid bribes to Russian officials to further his business interests. Orbis, however, is applying to have the lawsuit thrown out of court on the grounds it has no real prospect of success, according to a High Court order dated June 9. Trump's lawsuit against Orbis is one of many legal cases the former president is involved in.

Persons: Donald Trump, Letitia James, Caitlin Ochs, Donald Trump's, Trump, Christopher Steele, Steele, Joe Biden's, Sam Tobin, Ed Osmond Organizations: U.S, Trump Organization, REUTERS, Orbis Business Intelligence, Russia's Federal Security Service, Orbis, New, Republican, Democrat, Thomson Locations: New York City, U.S, Russia, British, New York, Washington, United States

☆ JPMorgan profit surges on record interest income, First Republic purchase
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsOct 13 (Reuters) - JPMorgan Chase's (JPM.N) profit rose in the third quarter as surging rates and the acquisition of failed First Republic Bank drove its interest income to a record high, the largest U.S. lender reported on Friday. Shares of the bank rose 0.6% in premarket trading. It also hiked its 2023 NII forecast to $89 billion, excluding markets, compared with a prior forecast of $87 billion. The lender reported a profit of $13.15 billion, or $4.33 per share, for the three months ended Sept. 30.

Persons: Caitlin Ochs, JPMorgan Chase's, Jamie Dimon, Dimon, SoftBank Group's, Niket, Nupur Anand, Lananh Nguyen, Anil D'Silva Organizations: JPMorgan Chase Bank, REUTERS, JPMorgan, Bank, First Republic, Wall Street, Arm Holdings, Investment, Thomson Locations: New York City, U.S, Ukraine, Israel, Bengaluru, New York

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