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The Tesla Inc. logo is captured on a sign of one of its shops in Zurich on Nov. 13, 2023. Tesla and the employee, Kyle Kaszuba, must pay more than $42 million in damages to the victim, Christopher Dugan, a Marion County jury said in a Wednesday verdict. The jury found that Dugan was 30% liable for the crash, reducing the award from $60 million to $42 million. The crash occurred while Kaszuba was operating a 2014 Ford vehicle owned by Tesla either with the permission of Tesla or while working in his capacity as a Tesla employee, Dugan alleged in his initial complaint. The gas station near where the crash occurred is located just outside of a ramp to I-465, the ring road that encircles Indianapolis.
Persons: Tesla, Kyle Kaszuba, Christopher Dugan, Dugan, Kaszuba, Quinn Emanuel, Nick Rowley, — CNBC's Lora Kolodny Organizations: Tesla, Ford, Ford Super, Inc, View Locations: Zurich, An Indiana, Marion, Indianapolis
Greg Gianforte blames Paramount's hit 2018 soap opera "Yellowstone" for what he calls his state's most pressing crisis: housing affordability. The so-called Montana Miracle has been celebrated by progressive housing advocates across the country. The policies are supply-side fixes for the crisis — creating more housing to drive down costs — rather than subsidizing renters or lower-income homebuyers. Education Images/Getty ImagesRunning on housingGianforte was "pretty distant" when it came to overseeing the housing task force, Dugan said. Last June, he extended the housing task force through the next legislative session.
Persons: , Greg Gianforte, Paramount's, Kevin Costner's, Gianforte, It's, it's, Kelly Lynch, who've, Mary Vanier, Kendall Cotton, Nathan Dugan, Daniel Zelnikov, Zelnikov, Lynch, Dugan, trickier, I've, he's, That's, Karlen, George Nikolakakos Organizations: Service, Business, Big Sky, Montana League of, Republican, Democratic, Montana, Frontier Institute, GOP Locations: Montana, Bozeman, and Towns, Montana's, Missoula, California, Whitefish, Washington
“That's been a joy in our lives, and it's been a joy participating in getting that privilege of marriage,” Morton said. Now married, the couple shared their tips for making a marriage or partnership entirely your own. “I think part of the reason for our long-lasting relationship is that Bert and I are in different fields,” Korty said. “It's been a good life because of that, and I've been lucky to share it with Lee,” he said. But once they were officially married, Morton and Korty had different views on the term “husband” and what it meant to them.
Persons: , Lee Korty, Bert Morton, ” Morton, Morton, That's, it's, , Korty, ” Korty, Bert, “ Bert, you've, Jess T, Dugan, “ It's, I've, Lee, , , ’ ”, they’re Organizations: Service, Business, ACLU, Lambda, Science, IBM, Coalition, Korty, Invest Locations: Illinois, Chicago, Iowa
Read previewIf one wanted to be cynical about the length of today’s romantic relationships, it wouldn’t be hard. At first glance, they’re all quite different: Rita Smith and Theodore Smith, Sr. are devout Christians in New Orleans, Louisiana who speak openly about their sex life on TikTok . Yet for all their differences, the couples all share some core commonalities that make their relationships so successful. “It gets you stimulated, and when you do go home, the next thing you know you want to take your bath and be sexual again,” Rita Smith, 62, said. “I like to have this pink piece around my neck, it just makes me feel more sexy,” Rita Smith said.
Persons: , centenarians, , Robert Waldinger, Marc Schulz, who’ve, Rita Smith, Theodore Smith, Beverly Palmer, Dr, Richard C, Palmer, Bert Morton, Lee Korty, Bryan Tarnowski, Rita, , ” Rita Smith, Richard, ” Bert Morton, ” Morton, Peyton Fulford, Morton, Korty, ” Korty, Beverly, ” Beverly Palmer, Jess T, Dugan, ” Theodore Smith Organizations: Service, Business, ” Harvard, BI, Palmers, Smiths Locations: New Orleans, Louisiana, California, Springfield , Illinois
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.23% higher, on course for its second straight day of gains. The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday. Investors are waiting for the U.S. inflation report, due later in the day, after Federal Reserve Chair Jerome Powell and other policymakers said they are still not sure that interest rates are high enough to tame inflation. Japan last intervened in the currency market - selling dollars and buying yen - in October last year. The dollar index , which measures the U.S. currency against six rivals, was up 0.057% at 105.69.
Persons: Shunichi Suzuki, DAX, Jerome Powell, Anderson Alves, Moody's, Fitch, Gary Dugan, YEN, Nicholas Chia, Brent, Ankur Banerjee, Shri Navaratnam Organizations: Japanese Finance, Federal, Reuters, U.S, AAA, Dalma Capital, Standard Chartered, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, U.S, New York
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.49% higher, while Tokyo's Nikkei (.N225) gained 0.36%. The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday. The U.S. inflation report, due later in the day, has investors' attention on Tuesday, especially after Federal Reserve Chair Jerome Powell and policymakers have said they are still not sure that interest rates are high enough to tame inflation. YEN WATCH RESUMESThe yen's broad decline has traders back to keeping an eye on whether the Japanese authorities will intervene. The dollar index , which measures the U.S. currency against six rivals, was up 0.057% at 105.69.
Persons: Australia's, Shunichi Suzuki, Jerome Powell, Anderson Alves, HSI, Fitch, Gary Dugan, Dugan, YEN, Nicholas Chia, Brent, Ankur Banerjee, Shri Navaratnam Organizations: Tokyo's Nikkei, Japanese Finance, Federal, Reuters, U.S, AAA, Dalma, Standard Chartered, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, U.S, China, New York
Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. On Tuesday, the 10-year JGB yield jumped 6.5 basis points to 0.955%, its highest since May. "Markets seem to assume that the ceiling will be lifted by another 50 basis points, but I think the possibility of another doubling (i.e. The dollar index , which measures U.S. currency against six rivals, rose 0.104%. The yield on 10-year Treasury notes was up 1.1 basis points to 4.888%, while the yield on the 30-year Treasury bond was up 0.7 basis points to 5.042%.
Persons: Issei Kato, Nicholas Chia, Chia, Sterling, Hong, HSI, Jerome Powell, Gary Dugan, Brent, Ankur Banerjee, Lincoln Organizations: U.S, REUTERS, Rights, Bank of, Nikkei, Standard Chartered, Japan's Nikkei, U.S . Federal Reserve, Bank of England, BOJ, Federal Open Markets, Dalma, Federal Reserve, Treasury Department, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Shanghai, U.S, Singapore
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.28% lower at 473.37, having touched 472.73 - the lowest since November 2022. China shares remained under pressure, with the Shanghai Composite Index (.SSEC) 0.32% higher, while Hong Kong's Hang Seng Index (.HSI) slid 0.5%. China's blue-chip CSI300 Index (.CSI300) was 0.2% higher after closing at its lowest level in 4-1/2 years on Monday. The dollar index was 0.038% lower at 105.56. The Japanese currency was last at 149.62 per dollar, having hit the symbolic 150 level on both Friday and Monday.
Persons: Tyrone Siu, Hong, Gary Dugan, bitcoin, Chris Weston, Jamie Freed Organizations: REUTERS, Rights, U.S . Federal Reserve, Nikkei, Shanghai, Dalma, Microsoft, Facebook, U.S . Commerce Department, Treasury, West Texas, Brent, Thomson Locations: Exchange, Hong Kong, China, Rights SINGAPORE, Asia, Israel, Pacific, Japan, Britain, France, United States
Local elections in Democratic strongholds at both ends of Pennsylvania next month could show how voters feel about progressive candidates and issues such as abortion and crime ahead of the 2024 election. Philadelphia will get a new mayor, and Allegheny County — where Pittsburgh is the county seat — will see a new executive. Political Cartoons View All 1211 ImagesParker, a moderate, emerged from a crowded field vying for her party’s nomination in the heavily Democratic city. “I believe what we should be doing is focusing on Allegheny County with practical solutions, as opposed to running this county from an ideological perspective,” he said. ALLEGHENY COUNTY PROSECUTORDuring the spring primary for elected prosecutor, Allegheny County's Democratic voters enthusiastically supported the more progressive candidate over the more moderate long-term incumbent.
Persons: Cherelle Parker, David Oh, Jim Kenney, Parker, , , they’re, They've, ” Parker, City Council —, “ I’m, Sara Innamorato, Joe Rockey, Rich Fitzgerald, Innamorato, Rockey, , They're, Matt Dugan, Stephen Zappala, Zappala, Dugan, We’ve, ” ___ Brooke Schultz Organizations: Democratic, Philadelphia, Democrat, PHILADELPHIA, In, City Council, Republican, ALLEGHENY COUNTY, PNC, Allegheny, doer, Allegheny County's Democratic, Associated Press, America Statehouse News Initiative, America Locations: Pennsylvania, Allegheny County —, Pittsburgh, In Philadelphia, , Allegheny County, Rockey, ALLEGHENY
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'People are afraid right now', says Maui Now's Jack Dugan on predatory real estate brokers in MauiHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Jack Dugan, Brian Sullivan, Organizations: CNBC Locations: Maui
Dollar creeps higher ahead of U.S., China economic data
  + stars: | 2023-08-08 | by ( ) www.cnbc.com   time to read: +3 min
The dollar inched higher on Tuesday but traded in a narrow range as investors were hesitant to take on new positions ahead of a key U.S. inflation reading this week, while focus in Asia turned to China's trade data out later in the day. The trade figures come a day ahead of the country's inflation reading, with markets on the lookout for further signs of deflation in the world's second-largest economy. Ahead of the data release, the offshore yuan was little changed at 7.2039 per dollar. The Aussie slipped 0.05% to $0.6571, while the kiwi fell 0.08% to $0.6102. "With the (Federal Reserve's) interest rate policymaking remaining data dependent, every data point has been eliciting an even higher level of vigilance," said Gary Dugan, chief investment officer at Dalma Capital.
Persons: Carol Kong, Sterling, Gary Dugan Organizations: New, Commonwealth Bank of Australia, Aussie, U.S, ANZ, Dalma Locations: U.S, Asia, New Zealand
Dollar creeps higher ahead of US, China economic data
  + stars: | 2023-08-08 | by ( Rae Wee | ) www.reuters.com   time to read: +3 min
The trade figures come a day ahead of the country's inflation reading, with markets on the lookout for further signs of deflation in the world's second-largest economy. Ahead of the data release, the offshore yuan was little changed at 7.2039 per dollar. The Aussie slipped 0.05% to $0.6571, while the kiwi fell 0.08% to $0.6102. "This week's economic data ... will continue to paint a picture of a weak Chinese economic recovery," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "With the (Federal Reserve's) interest rate policymaking remaining data dependent, every data point has been eliciting an even higher level of vigilance," said Gary Dugan, chief investment officer at Dalma Capital.
Persons: Jo Yong, Carol Kong, Sterling, Gary Dugan, Rae Wee, Sam Holmes Organizations: Korea Exchange Bank, REUTERS, New, Commonwealth Bank of Australia, Aussie, U.S, ANZ, Dalma, Thomson Locations: Seoul, SINGAPORE, U.S, Asia, New Zealand
In the previous session, the index dropped as data pointing to tepid U.S. business activity sparked profit-taking following gains in the prior week. MSCI's broadest index of world stocks (.MIWD00000PUS) was largely flat, while Tokyo's Nikkei (.N225) gained 0.90% and China's blue-chip index (.CSI300) dropped almost 1%. Three months ago, the question was how fast would rate hikes come. Now, a pause and then more U.S. rates hikes could follow as a result of sticky inflation, said Mike Kelly, head of multi-asset at PineBridge Investments. In oil markets, prices gave up most gains from the previous session after the world's top exporter, Saudi Arabia, said it would further cut output.
Persons: Toby Melville, Germany's DAX, Mike Kelly, We're, Gary Dugan, bitcoin, Nell Mackenzie, Dhara Ranasinghe, Mark Potter Organizations: London Stock Exchange Group, City of, REUTERS, Reserve, British Retail Consortium, Tokyo's Nikkei, Reserve Bank of Australia, Fed, European Central Bank, Bank of Japan, PineBridge Investments, Saxo Markets, Dalma, Thomson Locations: City, City of London, Britain, U.S, Saudi Arabia
A string of economic data along with last week's dovish rhetoric from Fed officials have emboldened bets of the Fed refraining from an interest rate hike at its June 13-14 meeting. Saxo strategists said recession concerns, firmer signs of Fed rate cuts or China stimulus measures may be needed to turn sentiment on the energy markets. In the currency market, the dollar index , which measures greenback against six major peers, eased 0.01%. The Australian dollar eased 0.02% to $0.661 as traders wait for the policy decision from the country's central bank. "We expect the RBA to leave the cash rate on hold," analysts at Commonwealth Bank of Australia said in a note.
Persons: Australia's, Hong, nonfarm, Gary Dugan, Brent, Saxo, Sterling, bitcoin, Ankur Banerjee, Shri Navaratnam Organizations: Federal Reserve, Tokyo's Nikkei, Reserve Bank of Australia's, Federal, Saxo Markets, Dalma, OPEC, Commonwealth Bank of Australia, CBA, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, U.S, Saudi Arabia
Insider: Let's talk about Benny Dugan, the salty, streetwise investigator who works with prosecutors for the Southern District of New York. And I would say, "What makes you think I'm a good person?" Insider: Correct me if I'm wrong, but don't all the good people get bought up by the end of the book? There are at least 57 FBIs — a New York FBI, a Saint Louis FBI, headquarters, the Washington Field Office. I don't think we've grappled with the implications of that, and whether it fits within our normal Fourth Amendment framework.
Persons: James Comey's, Benny Dugan, Dugan, Smith, , — relents, Donald Trump, Trump, Comey, Hillary Clinton, Steele, wasn't Comey, Long, Kenneth McCabe, Benny, Kenny, Nora, I've, John le Carré, that's shortsighted, Matt Parker, James Comey, I'm, You've, Martin Scorsese, they've, Mattathias Schwartz Organizations: Wesson, Trump —, FBI, Southern, of, Justice Department, Twitter, US, CIA, New York FBI, Saint Louis FBI, Washington Field Office, State Department, Justice, New Yorker Mafia, La Cosa Nostra, Cosa Nostra, FISA Locations: of New York, Washington, Brooklyn, New York, Manhattan
In one Little League game in Alabama, a coach was seen grabbing an umpire and throwing him to the ground, while kids looked on in bewilderment. In another viral video, parents in Texas aggressively yelled at an umpire, who ended the game early over the disruption. It doesn’t mean I enjoy the way you are calling the game,” Wood told the umpire. The average pay for a youth umpire is $45 to $85 a game, according to the Babe Ruth League. Kelly Peterfriend, who also has a son in Ramsey’s Little League, says she gets most animated during her son’s soccer games.
"We completely understand" shareholders' frustration with the share price, he said, after fielding several questions from shareholders on the topic. Still, Mayo welcomed Citigroup CEO Jane Fraser's pledge to receive 85% of her pay in stock, a higher proportion than peers at other banking giants. Separately, Fraser said the sale of Citigroup's Mexican consumer business, known as Banamex, was taking "longer than expected," because of its complexity. The bank is still pursuing two options for the business: a sale or initial public offering, she said. SHAREHOLDER PROPOSALSThe majority of Citigroup shareholders agreed to management proposals to elect board members and pay executives.
Canadian housing starts slow as BoC rate hikes weigh
  + stars: | 2023-04-19 | by ( Fergal Smith | ) www.reuters.com   time to read: +1 min
TORONTO, April 19 (Reuters) - Canadian housing starts fell more than expected in March, contributing to a slower trend in recent months that follows a rapid increase in borrowing costs, data from the national housing agency showed on Wednesday. The seasonally adjusted annualized rate (SAAR) of housing starts fell 11% to 213,865 units from a revised 240,927 units in February, the Canadian Mortgage and Housing Corporation (CMHC) said. "The SAAR of housing starts and the trend appear to be returning to pre-pandemic levels," Bob Dugan, CMHC's chief economist, said in a statement. The Bank of Canada has lifted its benchmark interest rate to a 15-year high of 4.50% to tackle inflation. For the first quarter, starts averaged 223,000, the weakest quarter since the depth of the COVID-19 pandemic in early-2020, Robert Kavcic, a senior economist at BMO Capital Markets, said in a note.
Montana Republicans are aligned behind zoning reform and other pro-housing policies. And everybody in Montana is asking this question of, you know, how can we keep Montana feeling like Montana?" Preventing a 'California-style housing crisis'Montana's ultra-conservative GOP governor, Greg Gianforte, recently called the housing crisis "probably the number one issue faced by working Montanans." Conservative supporters of pro-housing policies in the state have successfully tied anti-California sentiment to anti-sprawl and pro-housing policies. "The fear is that in 25 years, we're going to have a California-style housing crisis," Cotton said.
The former chief financial officer for two SPACs pleaded guilty to wire fraud, the DOJ said Wednesday. Cooper Morgenthau was charged with embezzling $5 million to trade crypto and meme stocks. Morgenthau falsified bank statements to shield his losses to accountants and auditors, the DOJ said. Cooper Morgenthau used the funds to trade cryptocurrencies and meme stocks and later falsified bank statements to hide his losses of nearly the entire sum. Wire fraud carries a maximum penalty of 20 years in prison, and Morgenthau agreed to make restitution on $5,111,335.
CVS Health's director of organized retail crime investigations testified to Congress in 2021 about the topic. According to the National Retail Federation, organized retail crime incidents jumped 26.5% on average in 2021. In congressional testimony, he said organized retail crime-related events are reported in a CVS Pharmacy store every three minutes. He had personally investigated organized retail crime for over 30 years. "Let me just be clear about what organized retail crime is not.
Elon Musk has made headlines for his recent tweets, which include posts about guns and Apple. Critics say the Twitter CEO's use of the platform could further endanger the struggling company. There's also been discord at SpaceX, the rocket company Musk operates. In a story for New York Magazine, Kevin Dugan wrote that Musk is unlikely to change his ways anytime soon. "It's now been a week since Elon Musk has taken over Twitter, and one thing that's clear about his reign is that he will never, ever touch grass."
The founders of real estate brokerage Open House Austin say there are different ways to make it work. "It affords us things like travel, hobbies and luxuries that most people our age wouldn't get if they owned a home or even paid rent. Holly Ratcliff and Stephanie Douglass, are the founders of real estate brokerage Open House Austin. The pair help homebuyers across the city "break through the barriers of traditional homeownership" by teaching them to form real estate partnerships. We have shifted our business based on the fact that real estate is changing every single day."
NEW YORK, Oct 13 (Reuters) - Leaders from U.S. banking giants on Thursday said strict capital requirements, which were bolstered after the 2008 financial crisis, could restrain economic activity. Higher capital requirements for big banks may curb lending and amplify a potential recession, Citigroup (C.N) Chairman John Dugan told attendees at the Institute of International Finance conference in Washington. Register now for FREE unlimited access to Reuters.com RegisterRestraining banks from lending during a slowdown could "amplify the recessionary effect," he said. The U.S. Federal Reserve is conducting a "holistic" review of bank capital requirements and might impose tougher rules on large regional lenders, its new regulatory chief said last month. But the biggest banks, which face the strictest set of capital requirements and have lobbied for years for relief, face an uphill climb with regulators.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe UN Security Council is imperfect but it is not dead: Ex-U.S. delegateHugh Dugan, a former U.S. delegate to the United Nations, says the "power to convene" is the strength of the United Nations.
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