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Here are the takeaways from Day 18 of the Trump hush money trial:A heated confrontation over a key phone callIt took several hours of cross-examination before Blanche finally turned to the evidence directly related to the case. Blanche says the texts show that at 8:04 p.m. Cohen texted Schiller the phone number of the teenager prank calling him. “Was it true for just that phone calls, or was it true for other phone calls too?”“You just said you don’t recall a phone call back in 2016. “Because these phone calls are things that I have been talking about for the last six years. There’s also the possibility, as CNN has reported, that former Cohen attorney Bob Costello could appear.

Persons: Donald Trump, Todd Blanche, Michael Cohen, Trump, Stormy Daniels, Blanche, Cohen, Keith Schiller –, Daniels, Barron, Blanche finally, Schiller, “, ”, ” Blanche, Cohen texted Schiller, Keith Schiller, ” Cohen, Keith, ” “, it’s, he’s, Darrell Scott, –, Trump’s, Jean Carroll, Blanche quizzed, Maggie Haberman –, Susan Necheles, Susan Hoffinger, Merchan, There’s, Bob Costello, Costello Organizations: CNN, Trump, Mr, White, Congress, New, New York Times, Prosecutors Locations: Trump, White, New York, summations

☆ Congressmen demand answers after CNN report contradicts Pentagon investigations into deadly Kabul airport attack
▼ + stars: | 2024-05-08 | by ( Nick Paton Walsh | Mick Krever | ) edition.cnn.com time to read: +10 min

The reporting included a video obtained by CNN captured by a Marine’s GoPro camera that had not been seen publicly in full before. Much of the controversy about the Pentagon’s two investigations into the attack has focused on gunfire in the aftermath of the blast. “Lastly, why do journalists have this video footage and the Department does not? The recent discovery of new video released by CNN directly contradicts and exposes outright lies from our recent briefing last month from CENTCOM officials,” the Gold Star families said in a statement they sent to CNN. Haroon Sabawoon/Anadolu Agency/Getty Images/FileThe evidence also suggests the Pentagon may have more video footage than it has acknowledged in public.

Persons: Defense Lloyd Austin, Austin “, –, ”, Mike Waltz, Darrell Issa, Tim Burchett, Brian Mast, Rich McCormick, Keith Self, Cory Mills, Chris Smith –, Sayed Ahmadi, Ahmadi, “, ” James Adams, Hamid, Jared Schmitz, Humberto Sanchez, Taylor Hoover, Nicole Gee, Kareem Nikoui, Hunter Lopez, Rylee McCollum –, Biden, Erik Kurilla, CENTCOM, I’m, Haroon Sabawoon, Rob Lodewick, ” Lodewick Organizations: CNN —, Defense, CNN, Pentagon, House Foreign Affairs, Command, Marines, House Foreign Affairs Committee, Department, Gold Star, Department of Defense, Biden Administration, “, Anadolu Agency, Getty, Army, DoD, Service Locations: Kabul, Afghanistan, US

☆ Wells Fargo's Darrell Cronk expects two rate cuts this year
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo's Darrell Cronk expects two rate cuts this yearDarrell Cronk, Wells Fargo CIO for wealth & investment management, joins 'Squawk on the Street' to discuss what to expect from Jerome Powell today, the delineations in the consumer, and the real test ahead for equity markets.

Persons: Wells, Darrell Cronk, Jerome Powell Locations: Wells

☆ How the House GOP’s Biden impeachment effort fell apart
▼ + stars: | 2024-04-24 | by ( Annie Grayer | Melanie Zanona | ) edition.cnn.com time to read: +14 min

“To me, success is impeachment from the House,” GOP Rep. Brian Mast said. Comer’s co-leads, House Judiciary Chairman Jim Jordan and House Ways and Means Chairman Jason Smith, are also fully behind the work. I don’t think that’s an impeachable offense,” GOP Rep. Jodey Arrington said. Even GOP Rep. Darrell Issa remarked after the first hour of questioning that Hunter Biden was prepared for the interview. There’s an election in seven months from now,” GOP Rep. Nick LaLota, who represents a New York district Biden won in 2020, told CNN.

Persons: James Comer, Joe Biden, –, Comer, Biden, “ Comer, Jesus, Alejandro Mayorkas, Comer –, “, Anna Paulina Luna –, Hunter Biden, it’s, ” Luna, ”, missteps, Brian Mast, Mike Johnson, Comer’s, Jim Jordan, Jason Smith, ” Johnson, Steve Scalise, Elise Stefanik, Kevin McCarthy, ” Bruce Dubinsky, McCarthy, Samuel Corum, Johnson, Jodey Arrington, Darrell Issa, …, Doug LaMalfa, Mayorkas, Tony Gonzales, Austin Scott, ” Comer, Donald Trump, Jordan, doesn’t, There’s, Nick LaLota, Jamie Raskin, Raskin Organizations: Washington CNN —, Republican, CNN, Kentucky Republican, Homeland, Biden, GOP, Republicans, Getty, White, Democratic, ”, Department of Justice Locations: Kentucky, ”, Washington , DC, –, Texas, New York

☆ Kabul airport attack exclusive: New evidence challenges the Pentagon’s official account of a horrific incident as the US withdrew from Afghanistan
▼ + stars: | 2024-04-24 | by ( Nick Paton Walsh | Mick Krever | Mark Baron | ) edition.cnn.com time to read: +22 min

One told CNN he heard the first large burst of shooting come from where US Marines were standing, near the blast site. This is significantly more than the three “near simultaneous” bursts of gunfire that the Pentagon investigations have claimed occurred. The Supplemental Review found no new evidence of a complex attack, and uncovered no new assertions of outgoing fire post-blast. “They were targeting people,” another, Nazir, 16, told CNN. CNN spoke with about ten Marines anonymously, many of whom described hearing gunfire and feeling under attack from it.

Persons: Hamid, Akhter Gulfam, –, Wakil Koshar, Robert Maher, Sarah Morris, Morris, Maher, Rob Lodewick, ”, “, ” Shogofa Hamidi, Morsal, Nazir, ” Noorullah Zakhel, Read, Sayeed Ahmadi, ” Ahmadi, Ahmadi, Lodewick, Marcus Yam, CNN's Nick Paton Walsh, “ You’ve, they’ve, It’s, Taylor Crul, Romel Finley, Finley, Barber, ‘, ” Finley, Christian Sanchez, Sanchez, Staff Mark Milley, Kenneth “ Frank ” McKenzie, Darrell Issa, Nick Paton Walsh, Sandi Sidhu, Julia Hollingsworth, Masoud Popalzai, Sitara Zamani, Abdul Basir Bina, Katie Polglase, Gianluca Mezzofiore Organizations: CNN, United, Pentagon, US, Airport, NATO, US Army Central Command, Getty, Montana State University, University of Southampton, Marines, British Ministry of Defense, U.S . Central Command, AP CNN, “, Los Angeles Times, Marine, ” Marines, Navy, US Air Force, . Air Force, Reuters, US Marines, YouTube, Investigators, Joint Chiefs, Staff, Central Command Locations: Kabul, Afghanistan, United States, airport’s, American, British, AFP, Bozeman, England, US, Kabul airport's, U.S, Finland, ”

☆ Baltimore bridge collapse: City files legal claim against owner, operator of ship that rammed Key Bridge
▼ + stars: | 2024-04-23 | by ( Jillian Sykes | ) edition.cnn.com time to read: +2 min

Atlanta CNN —Baltimore filed a legal claim on Monday against the owner and manager of the ship that crashed into the Francis Scott Key Bridge last month, causing it to collapse. The Dali, a 213-million-pound ship carrying cargo containers, is owned by Grace Ocean Private Limited and managed by Synergy Marine PTE LTD. As this matter is now the subject of active litigation, we will reserve further comment for the appropriate judicial forum,” the Baltimore City Law Office told CNN. Earlier this month, Grace Ocean and Synergy Marine filed a petition in federal court asking for a $43.6 million limit on potential liability payouts. In its Monday court filings, Baltimore asked the court to deny the companies’ petition to limit liability.

Persons: Francis Scott Key, Dali, Grace Ocean, Darrell Wilson, Grace, — CNN’s Gabe Cohen Organizations: Atlanta CNN, Baltimore, Grace Ocean Private Limited, Synergy Marine PTE LTD, Baltimore’s, City Council, CNN, Baltimore City Law Office, Synergy, Grace Ocean, Federal Bureau of Investigation, US Coast Guard Locations: Baltimore

☆ UAW union vote at Volkswagen could have big implications for US auto industry and labor’s strength in South
▼ + stars: | 2024-04-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

A whole lot of people who were anti-union in the past have switched.”The union vote at the Volkswagen plant will mean more than whether the 4,300 hourly workers in Chattanooga are members of the UAW or not. But he said he wants the better pay and benefits he sees workers at unionized auto plants are getting, in order to provide more for his family. Volkswagen staying neutralThe company said it is neutral in the election, only urging workers to vote however they want. That’s relatively rare in union representation elections, where management often lobbies workers to vote no at mandatory meetings, and sometimes takes action against union organizers. Bill Lee and five other Southern governors – from Alabama, Georgia, Mississippi, South Carolina and Texas – who have nonunion auto plants in their states.

Persons: Renee Berry, ”, they’re, Darrell Belcher, it’s, Berry, ” Berry, Kelcey Smith, ” Smith, “, Belcher, he’s, Mercedes –, Tesla, Wheaton, Bill Lee, –, Joe Biden, Corey Linn, Biden, He’s, ’ ” Berry Organizations: New, New York CNN, Volkswagen, United Auto Workers, UAW, unionize, ” UAW, GM, Ford, VW, “, Mercedes – BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, Cornell University’s Industrial, Labor Relations, Tennessee Republican Gov, Southern, ”, don’t Locations: New York, Chattanooga , Tennessee, Chattanooga, Tennessee, Michigan, Pennsylvania, Mexico, Germany, United States, Tuscaloosa , Alabama, Alabama , Georgia , Mississippi, South Carolina, Texas

☆ Qantas pilots landed a plane with just one working engine, and the airline says it was safe to do so
▼ + stars: | 2024-03-26 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +3 min

Qantas pilots safely landed a plane with a single engine in Perth. Engine failure is rare, but it's not the first time a Qantas engine has had issues. These aircraft are designed to safely operate with one engine," Qantas told The West Australian. AdvertisementIt's not the first time Qantas pilots have had to turn off an engine to land safely. In January 2023, pilots landed a Qantas flight flying from Auckland to Sydney after one of the engines failed while crossing the Tasman Sea.

Persons: it's, —, they'd, Lachlan Britt, Darrell Weekes, Doug Drury, you'd, Drury Organizations: Qantas, Service, West, The West Australian, Airbus, West Australian, Business, The West, Australian Broadcasting Corporation, University of Bologna, Federal Aviation Administration, Central Queensland University, CNN Locations: Perth, Melbourne, Australia, Auckland, Sydney

☆ My kids have my maiden name as middle names. I wanted their names to honor my family legacy, not just their father's.
▼ + stars: | 2024-03-25 | by ( Stephanie Claytor | ) www.businessinsider.com time to read: +5 min

I wanted a way to incorporate my maiden name into my kids' names to preserve my family legacy. Our family has also had weekend-long family reunions every two years in hotels across the United States since 1976. In exchange, I gave my daughter two middle names, the first name I originally wanted to name her and my maiden name. The kids will continue the tradition of going to my family reunions and bonding with my extended family. While they may not often use their middle names, they'll understand why mommy was adamant about also passing down her maiden name.

Persons: I've, —, father's, I'd, William Schieffelin Claytor, Darrell Claytor, Ifeolu, grandfather's, Walter Claytor, I'm, Stephanie Claytor, didn't, mommy Organizations: Service, American, Housing Authority Locations: United States, Puerto Rican, African, Latin America, Midwest, Roanoke Redevelopment, Virginia

☆ House GOP Biden inquiry stalls as impeachment becomes less likely
▼ + stars: | 2024-03-15 | by ( Annie Grayer | ) edition.cnn.com time to read: +14 min

Hunter Biden arrives at the Thomas P. O'Neil Jr. House Office Building for a closed door deposition on February 28, in Washington, DC. Abbe Lowell makes a statement to the press following a closed-door deposition before the House Committee on Oversight and Accountability, and House Judiciary Committee in the O'Neill House Office Building on February 28, in Washington, DC. “He was well-prepared for the kind of questions,” Issa recounted of Hunter Biden. GOP focus shifts away from impeachment probeInvestigating the Biden family and going after President Biden was a top priority for House Republicans when they reclaimed the majority and got control of committees. GOP Rep. Ryan Zinke of Montana said the three Republican chairmen leading the impeachment inquiry have the same message: “They say we’re not in a position to go forward on impeachment.”

Persons: Joe Biden, Biden, Hunter Biden, James Comer, Jim Jordan, Comer, Donald Trump, Thomas P, O'Neil Jr, Countess, Merrick, Justice won’t, ” Comer, Mike Johnson, “, Jordan, Johnson, “ I’m, ” Johnson, Ralph Norman of, Troy Nehls, impeaching Biden, We’ve, Let’s, ”, ” Nehls, Alejandro Mayorkas, I’m, Trump, weaponized, ” Jordan, Vernon, Ed Siskel, ” Siskel, Hunter, Mary, ” Hunter, Abbe Lowell, Samuel Corum, Hunter Biden’s, Darrell Issa, ” Issa, Robert Hur, Garret Graves, Chip Roy, Texas, Lisa McClain, Richard Hudson of, it’s, Nick LaLota, ” Norman, Ryan Zinke Organizations: House Republicans, Department of Justice, CNN, Fox News, Merrick Garland’s Department, Justice, Louisiana Republican, ” Staff, GOP, Caucus, Democratic, Homeland, Senate, Trump, White, Getty, Committee, Republican, of, Hunter Biden, Republicans, Internal Revenue Service, Judiciary, House, House Republican, “ Locations: Washington ,, Merrick Garland’s, Louisiana, House, Ralph Norman of South Carolina, Texas, Georgia, Miami, Vernon Hill, Florida, O'Neill, Washington , DC, California, Lisa McClain of Michigan, Richard Hudson of North Carolina, New York, Montana

☆ These voter reactions to Biden’s State of the Union fall largely along partisan lines
▼ + stars: | 2024-03-08 | by ( John King | ) edition.cnn.com time to read: +11 min

The biggest takeaway came from the reviews of voters like Lang: loyal Democrats who have raised important policy and performance issues about the president. On Thursday, these voters saw a president who was listening to their concerns, but they also said that steps in the right direction did not mean the problem was solved. In Biden’s speech, Lang saw some proof that his team is listening. She is more conservative than Biden but saw things to like in his speech, including his “commitment to democracy.”Two topics hit home. “Striking to hear President Biden call for free preschool, but not support the right of families like mine to use our own tax dollars for K-12 education,” Gurr said.

Persons: Angela Lang, Joe Biden’s, ”, Lang, ” Priscilla Forsyth, ” Forsyth, Nikki Haley, ” Lang, Forsyth, Donald Trump, Darrell Ann Murphy, “, Trump, Mickey Brown, Jade Gray, Michiganders, Wisconsin Lang, Biden, ” Davette Baker, ” Baker, . Nevada Zoila Sanchez, ” Antonio Munoz, ” Munoz, Laken Riley, ” Riley, Marjorie Taylor Greene, Valeria Gurr, ” Gurr, Murphy, “ Strong, –, ” Murphy, Larry Malinconico, ” Malinconico, Malinconico, ” Brown, Pat Levin, Brown, ” New Hampshire Pete Burdett, Haley, ” Burdett, “ Don’t, ” Trump, Debbie Katsanos, “ I’ve, ” Katsanos, Iowa Forsyth, Shannen Ebersole, ” Ebersole, South Carolina Billy Pierce, Republican badgering, Pierce, Michigan Gray, “ Biden, ” Gray Organizations: CNN, Trump, Biden, University of Michigan, school’s College Democrats, Black, Communities, African, Reagan Republican, Alabama, Las, Republican, Lafayette College, South Carolina, Navy Locations: Joe Biden’s State, Milwaukee, Iowa, Easton , Pennsylvania, Bethlehem , Pennsylvania, Gaza, Wisconsin, . Nevada, Georgia, Pennsylvania, Northampton County, Easton, Bethlehem, ” New Hampshire, New, Sioux City, Forsyth, Ringgold County, South, Hartsville , South Carolina, Israel

☆ Earnings need to deliver in 2024 or stock market could contract, says Wells Fargo's Cronk
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings need to deliver in 2024 or stock market could contract, says Wells Fargo's CronkDarrell Cronk, Wells Fargo, joins 'Squawk on the Street' to discuss Cronk's outlook for equities for the full-year, where the growth in equities can come from, and more.

Persons: Wells Fargo's Cronk Darrell Cronk Locations: Wells Fargo

☆ Stocks making the biggest moves midday: New York Community Bancorp, Diamondback Energy, VF Corp. and more
▼ + stars: | 2024-02-12 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Bank of America also reiterated its neutral rating on Monday, while noting that leadership has "the playbook to turn things around." Diamondback Energy — The shale producer jumped 9.4% after announcing its purchase of Endeavor Energy, the biggest private company that produces natural resources from the Permian Basin. CymaBay Therapeutics , Gilead — Shares of CymaBay soared 25.4% after Gilead agreed to buy the drug developer. The deal comes as Gilead, whose shares were up around 1% in Monday's session, looks to expand beyond HIV drugs. Marqeta — The credit card technology stock added 5.7% after a Bank of America upgrade to buy from neutral.

Persons: Gilead, Bracken Darrell, Trimble, —, Joe Ahlersmeyer, Piper Sandler, Teva, Samantha Subin, Sarah Min Organizations: New York Community Bancorp, Bank of America, Endeavor Energy, CymaBay Therapeutics, Gilead, VF Corp, Reuters, Mohawk Industries, Deutsche Bank, Citi, Space Development Agency, Teva Pharmaceutical —, JPMorgan, Nvidia Locations: Israel

☆ Detroit Lions: Historically beleaguered team is banishing demons with landmark playoff run after being known for heartbreak, unwanted records and a curse
▼ + stars: | 2024-01-27 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

CNN —Sixteen years ago, the Detroit Lions made history – but for all the wrong reasons. St. Brown catches a touchdown against Tampa Bay Buccaneers cornerback Zyon McCollum during the second half of their NFC divisional round playoff game. Campbell watches from the sideline during the second quarter of the Lions' game against the Baltimore Ravens at M&T Bank Stadium. Mitch Stringer/USA TODAY Sports/ReutersThat speech, which some mocked and others praised, came three years to the day before the Lions’ playoff victory over the Bucs. A final standJanuary 12, 1992: the last time the Detroit Lions took to the field for an NFC Championship game.

Persons: –, it’s, Ra St, Brown, Dan Campbell’s, ”, . Brown, Zyon McCollum, Lon Horwedel, Dave Birkett, Birkett, Bobby Layne ’, Layne –, Layne, Jonathan Daniel, Birkett isn’t, ’ ”, Barry Sanders, Calvin Johnson, Matthew Stafford, Charlie Sanders –, Hall, underachieving, Campbell, ‘, “, You’ve, “ It’s, we’re, Mitch Stringer, Campbell’s, Michael Jackson, George HW Bush, Darrell Green, Rich Lipski, Penei Sewell, Ifeatu Melifonwu, Aidan Hutchinson, Alim McNeill, Jahmyr Gibbs, Sam LaPorta, Brian Branch, Jared Goff, ” Birkett, they’ve, Alex Chepeska, ” Chepeska, I’d, ” Jahmyr Gibbs, Kevork Djansezian, “ I’ve Organizations: CNN, Detroit Lions, NFL, Ford, Lions, Super, San Francisco 49ers, NFC, Detroit, Tampa Bay Buccaneers, Tampa Bay, Reuters, University of Michigan, Pittsburgh Steelers, Green Bay Packers, The Packers, Hall of Fame, Anderson Economic, Baltimore Ravens, T Bank, USA, Washington Redskins, Washington Post, –, HBO, Los Angeles Chargers, SoFi, 49ers Locations: Motor, Las Vegas, St, Detroit, –, Michigan

ATLANTA (AP) — Donald Trump used his social media platform Friday to mock Nikki Haley 's birth name, the latest example of the former president keying on race and ethnicity to attack people of color, especially his political rivals. She has always gone by her middle name, “Nikki.” She took the surname “Haley” upon her marriage in 1996. Haley has dismissed Trump's latest attacks as proof that she threatens his bid for a third consecutive nomination. Trump has a long history of using race, ethnicity and immigrant heritage as a cudgel. He was born in Hawaii, though Trump spent years asserting Obama had manufactured the story and a birth certificate to support it.

Persons: — Donald Trump, Nikki Haley, Trump, Haley, ” Haley, Nikki Randhawa, “ Nikki, ”, “ Haley ”, Haley “ Nimbra, “, he's, —, Barack Obama, Trump's, “ I’ll, Ron DeSantis, — Haley, “ Ron DeSanctimonious ”, Ron DeSanctus, Darrell Scott, It’s, Scott, “ He’s, He’s, ” Scott, ” Tara Setmayer, Setmayer, South Carolina Sen, Tim Scott, Obama, Barack Hussein Obama, David Duke, ” Trump, Kamala Harris's, ” Harris, John Lewis, Frederick Trump, Florida Sen, Marco Rubio, Ali Swenson, Holly Ramer Organizations: ATLANTA, South, New, Trump, Republicans, GOP, Florida, America, Lincoln Project, Republican, Senate, Ku Klux Klan, CNN, Georgia Institute of Technology, U.S, South Carolina statehouse, Associated Press Locations: India, South Carolina, Bamberg , South Carolina, New Hampshire, Kenya, Iowa, gander, American, Hawaii, Indian, Georgia, Atlanta, U.S, Haiti, “, Africa, Norway, Bavarian, Washington, Amherst , New Hampshire

The steps will apply specifically to OpenAI, only one player in an expanding universe of companies developing advanced generative AI tools. Starting “early this year,” OpenAI said, it will digitally watermark AI images created using its DALL-E image generator. “Will there be items that slip through the cracks?”OpenAI's ChatGPT and DALL-E are some of the most powerful generative AI tools to date. But there are many companies with similarly sophisticated technology that don't have as many election misinformation safeguards in place. OpenAI CEO Sam Altman said that even with all of his company’s safeguards in place, his mind is not at ease.

Persons: —, OpenAI, ” OpenAI, Mekela Panditharatne, “, ChatGPT, ”, Darrell West, Sam Altman, “ We’re Organizations: San, National Association of, State, Brennan Center for Justice, YouTube, Meta, Center for Technology Innovation, Bloomberg, Economic, Associated Press, AP Locations: San Francisco, U.S, Davos, Switzerland

There was one answer, he said, that would always be acceptable in his class filled with second-year students at the U.S. Military Academy. President Joe Biden, in his first campaign address of the year, warned about Trump's rhetoric on the military and its leadership. With cadets and midshipmen drawn from across the United States, students at West Point and other service academies are aware of the national mood and the potential for political divisions to seep into the military. At West Point, the Constitution and the oaths are not only embedded throughout the curriculum, they also permeate the campus. Avoiding it would not be an option, said Reeves, whose family ties to West Point date to the 19th century.

Persons: Joe Amoroso quizzed, ”, ” Amoroso, It’s, Trump, Mark Milley, Joe Biden, Milley, Marybeth Ulrich, Darrell Miller, Democrat Biden, Miller, “, Bryan Agustin, Ulysses S, Grant, Dwight D, Eisenhower, Shane Reeves, Jan, Reeves, Biden, – Organizations: U.S . Military Academy, Hesitantly, Joint Chiefs of Staff, West, Trump, Air Force Academy, U.S . Capitol, Civil, Military Relations, Space Force, Buckley Space Force Base, Democrat, Republican Trump, Defense, Goodfellow Air Force Base, Union Army, 101st Airborne, Central High School, GOP, Associated Press, AP Locations: United States, Denver, Texas, West, Little Rock , Arkansas, Brig

☆ Student-loan borrowers are taking on more debt, and it's not all tuition — blame skyrocketing housing costs
▼ + stars: | 2024-01-07 | by ( Eliza Relman | Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

AdvertisementRigel Robinson, chair of the Land Use, Housing, and Economic Development Committee on the Berkeley City Council, said "the student housing crisis has become the defining characteristic of the student experience at UC Berkeley." Experts said the housing crisis is making the already high student-debt load in the country worse. But with housing costs spiking, living expenses are a big part of the story for many. Darrell Owens, a policy analyst at California YIMBY — an advocacy organization working to end California's housing crisis — noted that the student housing crisis exacerbates the broader housing crisis. "Then what ends up happening is that they spike housing costs for other people."

Persons: —, Katie Ibsen, Ibsen, Berkeley, Gavin Newsom, Rigel Robinson, Robert Kelchen, Kelchen, Marcella Bombardieri, Bombardieri, They're, Pell, I've, Darrell Owens, Robinson, it's Organizations: Service, University of California, Business, Gov, Economic, Berkeley City Council, UC Berkeley, Department of Educational, University of Tennessee, Knoxville ., Center for American Progress, Kootenai, Parsons School of Design, Hope, Temple University, Pell Grants Locations: Berkeley, COVID, Davis , California, Knoxville, Knoxville . College, California, Montana, Kootenai College, New York City, Jersey City

☆ Economy to face slowdown in early 2024 so stay in defensive stocks, Wells Fargo's CIO says
▼ + stars: | 2023-12-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Investors should focus on defensive stocks ahead of an expected economic slowdown in 2024, according to the Wells Fargo Investment Institute. Against this forecast, Cronk added that investors may have to wait until the second half of 2024 before visibility improves and markets meaningfully recover. Wednesday saw stocks climb after two back to back losing sessions for both the Dow Jones Industrial Average and S & P 500 . "The lack of market breadth (along with our expectation for an economic slowdown) suggests late-cycle dynamics are at play, leading us to maintain our defensive positioning entering 2024," he said. Cronk highlighted health care, industrials and materials as three key market segments that fit his suggested defensive investor focus.

Persons: Darrell Cronk, Cronk, Michael Bloom Organizations: Wells, Investment Institute, Wells Fargo Investment Institute, Dow Jones Industrial Locations: Wells Fargo

But Greene said she had a tougher time connecting with Speaker Mike Johnson, who doesn’t have a strong relationship with the congresswoman. “I haven’t heard much from him,” Greene told CNN earlier this week. Greene said Johnson heard her out and gave her assurances that her impeachment articles would move through committee and on to the floor. Taking a page from his predecessor’s playbook, Johnson has tried to dole out commitments and face-time to some of his potential critics. GOP Rep. Bob Good of Virginia said the Freedom Caucus made clear to the speaker on Thursday what their expectations are.

Persons: Marjorie Taylor Greene, Alejandro Mayorkas, Greene –, –, Kevin McCarthy’s, Greene, Mike Johnson, Johnson, ” Greene, George Santos, playbook, Max Miller, ”, He’s, I’m, ” Miller, he’d, I’ve, Chip Roy, Roy, “ We’re, McCarthy, Matt Gaetz, Hunter, James Biden, Scott Perry, Scott Perry of Pennsylvania, they’d, Kevin McCarthy, Dusty Johnson, “, McCarthy derangement, Tom Cole of, “ It’s, She’s, ” Rep, Don Bacon, Joe Biden, impeaching Mayorkas, Darrell Issa of, Issa, It’s, Tom McClintock of, bombast, ” McClintock, Rashida Tlaib, there’s, Santos, can’t, Bob Good, Virginia, ” Good, Mike Garcia, Mike, ” Roy Organizations: Georgia Republican, impeaching Homeland, Republican, CNN, Louisiana Republican, GOP, Ohio Republican, Texas, Freedom Caucus, White, Capitol, Republican Conference, South Dakota Republican, ” Veteran GOP, ”, GOP Rep, Caucus, Democratic Locations: Georgia, Louisiana, Israel, Florida, Scott Perry of, “, Tom Cole of Oklahoma, Nebraska, Darrell Issa of California, Tom McClintock of California, Ukraine, Taiwan, ” California

☆ In the Market: Regulators look to pry open the dark corners of Treasury markets
▼ + stars: | 2023-11-29 | by ( Paritosh Bansal | Thomson Reuters | Paritosh Oversees The Work Of More Than Journalists Across The Globe Who Write About Finance | ) www.reuters.com time to read: +6 min

Duffie said more could be done, but added that the "official sector Treasury market datasets are far more comprehensive now than they were a few years ago." They would have much better estimates of the basis trade, for example, but they still wouldn't know exactly how big it is. The trade involves hedge funds exploiting the difference between a Treasury security and its derivative in the futures market. The CFTC data includes other trades that hedge funds enter into that involve shorting treasury futures, the two industry sources said. At a major Treasury market conference earlier this month, officials underscored the importance of good data.

Persons: Darrell Duffie, Duffie, John Williams, Sherlock Holmes, Paritosh Bansal, Anna Driver Organizations: U.S . Federal Reserve, Financial Research, Stanford University, Treasury, Futures Trading Commission, Securities, Exchange Commission, Regulators, ” New York Fed, Thomson Locations: ”

Political Cartoons View All 1256 Images“I know that late in the game, fourth quarter, we're within a score, I want the ball," he added. Stafford looked sharp on a series of impressive late throws, none better than a picturesque 32-yard fling to rookie Puka Nacua. The Seahawks ultimately couldn’t stop the Rams' ground game in the fourth led by Royce Freeman, who rushed for 73 yards. Metcalf caught a TD pass in the first quarter for Seattle, which also committed 12 penalties for a whopping 130 yards. “This was the most disappointing loss for us because of the way we did it," Seahawks coach Pete Carroll said.

Persons: — Matthew Stafford, Stafford, —, Lucas Havrisik, Jason Myers, Mario Edwards Jr, “, ”, you've, Geno Smith, Myers, Smith, Aaron Donald, Darrell Henderson, Derion Kendrick, Drew Lock’s, Puka Nacua, Sean McVay, Kendrick, ‘, ” Smith, DK Metcalf, Nacua, Royce Freeman, Metcalf, Pete Carroll, I’m, Jamal Adams, Jerrick Reed, RB Kenneth Walker III, Zach Charbonnet, WR Cooper Kupp didn’t, McVay, Cobie Durant, ___ Organizations: Los Angeles Rams, Rams, Super, Seahawks, Seattle, SoFi, 49ers, Los Angeles, RB, Super Bowl, UP NEXT, Thursday Locations: INGLEWOOD, Calif, Los Angeles, Los, Myers, Francisco, Arizona

☆ Here are Wednesday's biggest analyst calls: Nvidia, Netflix, Apple, Disney, Affirm, Dollar Tree, DraftKings & more
▼ + stars: | 2023-11-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone Pro have subsided. Wells Fargo initiates Matador Energy as overweight Wells said the energy company has a "strong track record of growth." Citi upgrades Vipshop to buy from neutral Citi upgraded the e-commerce company after its earnings report. Bank of America upgrades American Eagle to neutral from underperform Bank of America upgraded the stock ahead of earnings next week. Morgan Stanley reiterates DraftKings as overweight Morgan Stanley said it sees more upside for the stock after its investor day. "

Persons: Holley, Jefferies, Wells, Morgan Stanley downgrades Energizer, Morgan Stanley, Bracken Darrell, Matt Puckett, Investor Relations Allegra Perry, Redburn, RTX, Mizuho, AFRM, Cantor Fitzgerald downgrades, Myers, Cantor, We've, it's, DraftKings Organizations: Jefferies, UBS, Apple, Matador Energy, Citi, Bank of America, underperform Bank of America, Barclays, American, Bears, Netflix, Netflix Inc, Air Corp, Vertiv Holdings Co, Wells Fargo, Warner Music Group, JPMorgan, Corp, Investor Relations, Brands Conference, Raytheon, Canadian, TAM, Deutsche Bank, Disney, Deutsche, Nvidia, Partners Locations: China, Europe, Japan, AXP, Paris, CSIQ, Bristol, F4Q

☆ The day Congress went back to fourth grade
▼ + stars: | 2023-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

The 118th Congress, which took an initial step to punt funding deadlines to the winter, looked more like a fourth grade class on a day that will further erode trust in government ahead of next year’s elections. Across Capitol Hill in the world’s so-called greatest deliberative body, Oklahoma Republican Sen. Markwayne Mullin was spoiling for a prize fight. Senate Republican leader Mitch McConnell, however, suggested that policing the Capitol was beyond even his wily capacity to enforce discipline within his conference. And only in the malfunctioning Congress would a speaker try to prevent one government shutdown by laying the possible path for two others. Israel and Ukraine have nothing to thank Congress forThe most glaring example of Congress’ failure to fulfill its duty on Tuesday came at a pro-Israel demonstration on the National Mall.

Persons: Joe Biden’s, Xi Jinping, Kevin McCarthy –, –, Tim Burchett, CNN’s Manu Raju, McCarthy, Oklahoma Republican Sen, Markwayne Mullin, Sean O’Brien, Mullin, O’Brien, ” Mullin, “, ” O’Brien, Vermont Sen, Bernie Sanders, let’s, ” Sanders, ”, Jared Moskowitz, James Comer, Comer, leafing, Moskowitz couldn’t, Gargamel, Marjorie Taylor Greene, Georgia –, Darrell Issa, Alejandro Mayorkas, Greene, Donald Trump, ” McCarthy, Dakota Sen, John Thune –, Mitch McConnell, who’s, Mike Johnson’s, Johnson, ” Rep, Patrick McHenry, Tom Cole, Trump, Joe Biden, Chuck Schumer, Hakeem Jeffries, Iowa GOP Sen, Joni Ernst, Biden, Vladimir Putin, hasn’t, he’d, ” Connecticut Democratic Sen, Chris Murphy Organizations: CNN, 118th, Republican, GOP, Tennessean, Oklahoma Republican, International Brotherhood of Teamsters, Health, Education, Labor, Pensions, Sooner, Martial Arts, Democratic, Biden, Florida Democrat, Capitol, Georgia Republican, Homeland, Capitol ., Congressional, Senate Republican, Capitol Police, Kentucky Republican, Republicans, ”, CNBC, “, Congress, House Democratic, Iowa GOP, Internal Revenue Service, Senate, White, ” Connecticut Democratic Locations: Israel, Ukraine, Washington, China, Oklahoma, Vermont, Florida, Kentucky, Georgia, California, Capitol . Congress, Dakota, Gaza, Iowa, “ Ukraine, ” Connecticut

ICBC Financial Services could not be reached for comment. It said it had cleared Treasury trades executed on Wednesday and repo financing trades done on Thursday. While market participants and officials have said the impact of the ICBC hack on Treasury market functioning was limited, the full extent of it is not yet understood. The hack is likely to become a key topic of conversation at a major Treasury market conference on Nov. 16. ICBC told market participants Friday that they were also hoping to have a secondary email system set up soon.

Persons: Kim Kyung, BNY Mellon, ICBC, Moxfive, Darrell Duffie, Duffie, BNY, SIFMA, Paritosh, Edward Tobin Organizations: Industrial, Commercial Bank of China, REUTERS, Commercial Bank of China's, Treasury, ICBC Financial Services, Reuters, ICBC, Securities, Exchange, Stanford, ICBC Financial, Treasuries, Thomson Locations: Beijing, China, Commercial Bank of China's U.S, New York, Wall

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