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☆ Chiavarone: Apple's buyback reiterates why some subset of the Magnificent 7 has been so strong
▼ + stars: | 2024-05-03 | 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 EmailChiavarone: Apple's buyback reiterates why some subset of the Magnificent 7 has been so strongSteve Chiavarone from Federated Hermes discusses the impact Apple's massive buyback may have on market sentiment, as well as what today's jobs numbers could say about what the Fed does this year.

Persons: Apple's buyback, Steve Chiavarone, Hermes

☆ Investment management firm discusses the limitations of South Korea's 'value up program'
▼ + stars: | 2024-04-29 | 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 EmailInvestment management firm discusses the limitations of South Korea's 'value up program'Jonathan Pines, head of Asia ex Japan equity at Federated Hermes, discusses how the program will affect sectors.

Persons: Jonathan Pines Organizations: Email Investment, Federated Hermes Locations: Asia, Japan

☆ How Hitachi Digital Services is helping companies adopt AI models responsibly to meet their operational and financial goals
▼ + stars: | 2024-04-25 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

To assess the value of investments in generative AI models, companies must first develop their knowledge of the tools' potential for financial impact. We then help pair each use case with the right AI strategy, including the applicability of generative AI. To further support optimal financial operations for your company, your generative AI models must be trained to encompass operational and information technology priorities and perspectives. Learn more about how Hitachi Digital Services uses AI to empower informed decision-making. This post was created by Hitachi Digital Services with Insider Studios.

Persons: Premkumar Balasubramanian, observability, HARC Organizations: Hitachi Digital Services, Hitachi, Insider Studios

☆ Federated Hermes: European banking was 'about cost control' over the last year
▼ + stars: | 2024-04-25 | 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 EmailFederated Hermes: European banking was 'about cost control' over the last yearFilippo Alloatti of Federated Hermes discusses the outlook for the European Central Bank's monetary policy.

Persons: Filippo Alloatti, Federated Hermes Organizations: Federated, Central

☆ If you're stranded on an island, a 'HELP' sign can actually save you — but there's an even better way to get rescued
▼ + stars: | 2024-04-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Read previewThree mariners stranded on an island in the Pacific Ocean were rescued earlier this month after they made a large "HELP" signal by laying out palm leaves on the beach — a scene right out of a movie. Beyond fires, Bigney said it's ideal to create signals with contrast. So in the case of the men stranded on Pikelot Atoll, palm leaves against bright white sand may've created enough contrast to be seen easily from afar. The Coast Guard said the men had access to food and water while stranded with their damaged boat. They thought to signal for help," she said, adding, "Oftentimes it is just a psychological game, in any situation."

Persons: —, Chelsea Garcia, Oliver Henry, Bigney, It's Organizations: Service, Federated, Business, Coast Guard, Navy, Coast, Survival Locations: Polowat, Federated States, Micronesia, Pikelot, Papa New Guinea

☆ 3 Men Rescued from Pacific Island After Writing ‘Help’ With Palm Leaves
▼ + stars: | 2024-04-11 | by ( John Yoon | ) www.nytimes.com time to read: +1 min

Three men who were stranded on a remote Pacific island for more than a week were rescued by the U.S. Coast Guard after spelling out “HELP” on a beach using palm leaves. The lost men were found on Pikelot, an uninhabited island about 100 miles northwest of their home, alongside their damaged boat on Sunday by an American military aircraft, the U.S. Coast Guard Sector Guam said in a statement. After their unintended delay, the Coast Guard said, the men had been safely returned home Tuesday evening. The search began on Saturday when a woman sent out a distress call to the Coast Guard, reporting that her three uncles had not returned home after almost a week away. The Coast Guard embarked on the search with a U.S. Navy aircraft crew.

Organizations: U.S . Coast Guard, U.S . Coast Guard Sector, Federated, Coast Guard, U.S . Navy Locations: American, U.S . Coast Guard Sector Guam, Polowat, Federated States, Micronesia

☆ Pacific castaways’ ‘HELP’ sign sparks US rescue mission – and an unexpected family reunion
▼ + stars: | 2024-04-11 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

So the castaways gathered palm fronds from the 31-acre island, arranged them to spell out “HELP” on the beach, and waited, according to a Coast Guard statement. The names of the stranded men have not been released by the Coast Guard, and CNN attempts to contact their relatives have not gotten replies. When the Coast Guard cutter Oliver Henry reached Pikelot on April 9, the story took another twist. “He couldn’t believe I’m with the Coast Guard trying to rescue them.”The man was a third cousin, the others fourth cousins, he said. “It could be coincidence,” said Chief Warrant Officer Sara Muir, public affairs officer for US Coast Guard Forces Micronesia.

Persons: Sgt, Richard Ebensberger, Chelsea Garcia, ” Garcia, Oliver Henry, Eugene Halishlius, Halishlius, ” Halishlius, ”, Sara Muir Organizations: CNN, US Navy, Coast Guard, US Coast Guard, Guard, Hawaii Air National Guard, Federated, Kadena Air Base, Navy, Coast Guard HC, Air, Coast, US Coast Guard Forces Micronesia, US Air Force, Andersen Air Force Base, Australian Locations: Micronesia, Pikelot, Guam, Polowat, Federated States, Pacific, Philippines, Hawaii, Okinawa, Japan

☆ US military rescued mariners stranded in the Pacific after they used palm leaves to spell 'HELP' on the beach
▼ + stars: | 2024-04-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The crew of USCGC Oliver Henry rescues three mariners stranded on Pikelot Atoll, Yap State, Federated States of Micronesia, on April 9, 2024. "This successful operation underscores the effective coordination and partnership between the US Coast Guard, the US Navy, and regional partners," Garcia said. The crew of USCGC Oliver Henry rescues three mariners stranded on Pikelot Atoll, Yap State, Federated States of Micronesia, on April 9, 2024. The Coast Guard has also carried out more recent searches for individuals who went missing while on cruise ships. AdvertisementThe Coast Guard has long operated in the Pacific — its ships used to patrol American territories and other nearby countries for decades.

Persons: —, Chelsea Garcia, USCGC Oliver Henry, Garcia, Oliver Henry Organizations: Navy, Service, Federated, US Coast Guard Forces Micronesia, US Navy, US Coast Guard, Coast Guard, Coast Guard HC, 130J, Coast, Guard Locations: American, Pikelot, Federated States, Micronesia, Guam, Tuesday's Coast, Yap State, Polowat, China

☆ When Sean Combs Was ‘Living the American Dream’
▼ + stars: | 2024-03-28 | by ( Jacob Bernstein | Vanessa Friedman | ) www.nytimes.com time to read: 1 min

Long before he was accused of sexual misconduct in a series of lawsuits, and long before federal agents in military gear raided his homes in Miami and Los Angeles, Sean Combs was unforgivable. That was the name he had selected for his first fragrance, which he sold through a partnership with Estée Lauder. It was promoted as a scent that “exudes the energy, sexiness and elegance of Sean Combs,” and he was supposed to give it a publicity boost in April 2006 by ringing the opening bell of the New York Stock Exchange alongside William Lauder, the Estée Lauder chief executive, and Terry Lundgren, the head of Federated Department Stores. But Mr. Combs didn’t arrive in time for the opening of the market, saying he had been stuck in traffic. So his fellow business titans did the honors without him.

Persons: Long, Sean Combs, Estée Lauder, ”, William Lauder, Lauder, Terry Lundgren, Combs didn’t Organizations: New York Stock Exchange, Federated Department Stores, titans Locations: Miami, Los Angeles

☆ Here’s why high interest rates haven’t caused a US recession
▼ + stars: | 2024-03-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

America’s economy remains remarkably solid, despite the high interest rates. The Fed dramatically cut interest rates in the early days of the Covid-19 pandemic to help shore up an economy dealing with high unemployment, prompting mortgage rates to also drop in tandem. Those homeowners who locked in an affordable 3% mortgage rate, for instance, aren’t likely to trade it for anything higher. Fed officials reflected in their latest economic projections from December that they expect to cut interest rates three times this year, which would also lower mortgage rates. That all means that Americans have been well equipped to deal with the effects of high interest rates.

Persons: Jerome Powell, ” Powell, ” Dan North, Freddie Mac, ” Karen Manna, Federated Hermes, “, ”, Powell Organizations: DC CNN, Federal Reserve, Reserve, CBS, Allianz Trade, CNN, Fed, Employers, Consumer Finances, Federated Locations: Washington

☆ Why South Korea's Japan-style measures to boost its stock market may not work
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesSouth Korea's Japan-style measures for improving corporate governance may not be enough to boost its undervalued stock markets and tackle the so-called "Korea discount." Asia's fourth-largest economy is striving to boost stock market valuations that are considered much lower compared to peers, with analysts referring to the phenomenon as the "Korea discount." The 'chaebol' problemSouth Korean markets are made up of corporations called "chaebols," which are large family-owned global conglomerates, typically controlled by the founder's family. "The behavior that leads to South Korea's low stock prices is motivated, and therefore seeking to coax South Korean controlling families into 'being nice' to minority stockholders is unlikely to be successful," Pines said.

Persons: SeongJoon Cho, James Lim, Jonathan Pines, Federated Hermes, Daniel Tan Organizations: Korea Exchange, Bloomberg, Getty Images Bloomberg, Getty, Financial, FSC, Samsung Electronics, LG, SK, Hyundai, Dalton Investments, Japan, Korean Stock Exchange, Federated, Grasshopper Asset Management, CNBC Locations: Seoul, South Korea, Japan, Korea, Tokyo, Asia, Singapore

☆ How America’s once great department stores became a dying breed
▼ + stars: | 2024-02-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

But department stores, focused on America’s middle class, are fading. The victims of shifting consumer tastes were not the department stores that anchored the local mall, it was the small, locally owned stores along downtown shopping districts that were closing their doors. And possibly even more than the big box competitors, department stores have suffered from consumers shifting to buying items online rather than in person. The steady closing of the department stores that once served as “anchors” of malls across suburban America has been another nail in the coffin of many malls, hurting the department stores that remained in hollowed-out malls with a fraction of their earlier traffic. Saunders said one of the primary problem for Macy’s is that its holding company, formerly known as Federated Department Stores, spent much of its resources on buying other department store brands, such May’s Department Stores, and Filene’s, rather than investing in the stores its held.

Persons: New York CNN —, Neil Sauders, ”, JC Penney, It’s, “, Neil Saunders, Shannon Stapleton, Saunders, ” Saunders, Al Bello, Sunny Zheng, Macy’s, Tony Spring, Taylor, Brian Snyder, Eddie Lambert, Michael Brown, Kearney, ” Brown, Mike Segar, Richard W, Sears, Alvah Roebuck, Sears Roebuck, Bettmann, PhotoQuest, Jack Manning, Frank Scherschel, Owen, Lucille Jagusch, Arlene Hardt, Martin Luther King Jr, Michael Ochs, Ron Frehm, Ralf, Finn Hestoft, Mark Peterson, Seth Meyers, Hugh Jackman, NBCUniversal, Kaylin Wilson, Jim Cole, Rene Johnston, Maria Alejandra Cardona, Scott Olson, Cesar Villasenor, Mel Melcon, Sarah Blesener, Paul Hennessy, Patti Naleck, Naleck, Stacey Wescott, Brown Organizations: New, New York CNN, American, Walmart, Company, Department, Sears, Target, GlobalData, JCPenney, Research, RadioShack, Reuters Sears, Federated Department Stores, May’s, Reuters, Chicago History, Sears Roebuck, Roebuck, Hulton, AP, AP Soldiers, Michael Ochs Archives, Getty, Bettmann, Kmart, Bloomberg, Toronto Star, Reuters Residents, Los Angeles Times, New York Times, Chicago Tribune, Tribune, Service Locations: New York, GlobalData, America, Nanuet , New York, North Redwood , Minnesota, Chicago, El Paso , Texas, Jackson , Mississippi, Tucson , Arizona, Caracas, Venezuela, Niles , Illinois, Morton Grove , Illinois, Baltimore, White Plains , New York, Woodfield , Illinois, Hicksville , New York, Nashua , New Hampshire, Mentor , Ohio, Mississauga , Ontario, Hialeah , Florida, Janesville , Wisconsin, Santa Monica , California, Rockaway , New Jersey, Leesburg , Florida, Schaumburg , Illinois

☆ South Korea needs to do more to tackle the 'Korea discount,' says financial services firm
▼ + stars: | 2024-02-27 | 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 EmailSouth Korea needs to do more to tackle the 'Korea discount,' says financial services firmJonathan Pines of Federated Hermes discusses the country's measures to reduce the "Korea discount" on stock prices, saying they "fundamentally misunderstand the incentive of those that control 80% of Korea's companies."

Persons: Jonathan Pines, Federated Hermes Organizations: Federated Locations: Korea

☆ Eyeing China, Senior US Lawmaker Vows to Back Funding for Pacific Islands
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

The Federated States of Micronesia, Marshall Islands and Palau agreed to new 20-year funding programs with the United States last year under which Washington provides economic assistance, while gaining exclusive military access to strategic swaths of the Pacific that China covets. McCaul said he has advocated for a $900 million package for COFA, but was open to other numbers. The U.S. Senate this week passed a $95 billion foreign aid supplemental spending bill for Ukraine, Israel and Taiwan that did not include the COFA funding. McCaul said he would work to ensure the money was included in whatever is voted on in the House, likely in mid-March. We're not just going to rubber-stamp the Senate supplemental," he said.

Persons: Michael McCaul, McCaul, Patricia Zengerle, Jonathan Oatis Organizations: WASHINGTON, Republican, U.S . House, Representatives Foreign, U.S, Christian Science Monitor, Federated, United, Washington, Free Association, Senate Locations: Pacific, China, Federated States, Micronesia, Marshall Islands, Palau, United States, Ukraine, Israel, Taiwan

☆ Portfolio manager on Korean stocks and corporate governance reforms
▼ + stars: | 2024-02-13 | 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 EmailWe like Korean stocks because they are so cheap, but more corporate governance reforms are neededJonathan Pines from Federated says corporate government is gradually improving in South Korea, but a lot more needs to be done. More importantly, the regulators need to step in.

Persons: Jonathan Pines Organizations: Federated Locations: South Korea

☆ The most expensive home for sale in the U.S. goes up for $295 million in Naples, Florida
▼ + stars: | 2024-02-10 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

The most expensive home for sale in the U.S. hit the market this week for $295 million. Gordon Pointe, as it's called, is a roughly 9-acre compound in Naples, Florida, on the Gulf Coast, in an affluent enclave called Port Royal. The mega-listing includes a main house that spans about 11,500 square feet, with six bedrooms. Two guest houses, each over 5,000 square feet, bring the estate's total interior living space to 22,800 square feet. The residence sits high atop 217 West 57th Street, overlooking Central Park, spanning three floors and over 17,500 square feet.

Persons: Gordon Pointe, Leighton Candler, Corcoran, Candler, Gordon, John, Rhodora Donahue, John Donahue, Hermes, Dawn McKenna, McKenna, she's, It's, Cody Boone, Ryan Serhant, Serhant, naysayers, Donna Olshan, Karen Winnick, Gary Winnick, Kurt Rappaport, that's, Jonathan Miller, Miller Samuel, Jeff Bezos, Clodagh Kilcoyne, Ken Griffin, Larry Ellison, Marc Andreessen, Jim Bartsch, Jerry Perenchio, Miller, Lachlan Murdoch, Rupert Murdoch Organizations: Royal, CNBC, U.S . Army Corps of Engineers, Dawn McKenna Group, Coldwell, Coldwell Banker Realty, St, SERHANT Studios, Encantada, U.S, Washington , D.C, Reuters, Amazon, Oracle, Bel Air, Fox Corp Locations: Gordon Pointe, U.S, Naples , Florida, Gulf, New York, of Mexico, Pittsburgh, Port Royal, America, New York City, Central, Manhattan, Los Angeles, Bel, Washington ,

☆ The bull market has just started, says Federated Hermes' Steve Auth
▼ + stars: | 2024-02-08 | 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 EmailThe bull market has just started, says Federated Hermes' Steve AuthSteve Auth, Federated Hermes Equities CIO, joins 'The Exchange' to discuss the S&P 500′s run to 5,000, his expectations from the market, and more.

Persons: Federated Hermes, Steve Auth Steve Auth Organizations: Federated, Hermes

WASHINGTON (AP) — The United States will resume a long-suspended Peace Corps program in the North Pacific island of Palau as the Biden administration continues moves to counter growing Chinese influence in the region. “Volunteers will live and work side-by-side with community partners to improve childhood literacy and math and science skills, along with teaching English as a foreign language,” Peace Corps director Carol Spahn said in a statement. Palau’s president, Surangel Whipps, said the return of the Peace Corps reflects the strong relationship between his nation and the United States. Peace Corps officials said they hope that with congressional funding the Palau reopening will be the first of several new programs it will restart in the Pacific. The Peace Corps, a creation of the John F. Kennedy administration, currently has Pacific island programs in Fiji, Samoa, Tonga and Vanuatu.

Persons: Biden, Carol Spahn, Surangel Whipps, “, ” Whipps, John F, Kennedy, Didi Tang Organizations: WASHINGTON, Peace Corps, “ Volunteers, Peace, Corps, Pacific, Marshall, Associated Press Locations: United States, North, Palau, Taiwan, Federated States, Micronesia, China, Marshall Islands, Beijing, U.S, Pacific, Fiji, Samoa, Tonga, Vanuatu

☆ Pacific Islands Need to Boost Digital Security to Join Undersea Cable, Says US Official
▼ + stars: | 2024-01-30 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Kirsty NeedhamSYDNEY (Reuters) - Pacific Islands nations that want to connect to U.S.-funded undersea cables will need to secure their digital ecosystems to guard against data risks from China, a senior U.S. State Department official said. The United States pledged last year to jointly fund two undersea cables, to be built by Google, connecting the U.S. territory of Guam with hubs in Fiji and French Polynesia, and further branching out across remote Pacific Islands. The proposed intra-Pacific cable project has offered to branch out to Papua New Guinea, Samoa, Tuvalu, Fiji, Nauru, Marshall Islands, Kiribati, Cook Islands, Wallis and Futuna and the Federated States of Micronesia. China and the U.S. are jostling for influence in the Pacific Islands with competing offers for infrastructure. The Solomon Islands, which struck a security pact with Beijing, is rolling out a Chinese-funded mobile network built by Chinese telecommunications company Huawei.

Persons: Kirsty Needham SYDNEY, Nathaniel Fick, Kirsty Needham, Edwina Gibbs Organizations: Pacific, U.S . State Department, United, Google, Futuna, Federated, The U.S . Department of, Washington, Sydney, Huawei, Telstra, Microsoft, U.S Locations: U.S, China, Guam, Fiji, French Polynesia, Papua New Guinea, Samoa, Tuvalu, Nauru, Marshall Islands, Kiribati, Cook Islands, Wallis, Federated States, Micronesia, The, Solomon, Beijing, Australia, Asia, Pacific

☆ Even as yields come off their highs, investors continue pouring into cash, Bank of America finds
▼ + stars: | 2024-01-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Investors are continuing to pour cash into money market funds, thanks to their juicy 5% yields. In the month of January, money market funds typically see outflows after having big inflows in December, she said. That's because there is generally a lag between the cuts and money market fund yields coming down. Still, even as yields in money market funds eventually go down, they will still be attractive, said Peter Crane, founder of Crane Data. Typically, retail investors have an allocation of about 5% or 10% in cash, including money market funds.

Persons: Deborah Cunningham, Cunningham, Peter Crane Organizations: Bank of America, Federated Hermes, Crane Data, Investment Company Institute

☆ A new era is coming for dividend stocks — and it's good news for income investors, says portfolio manager
▼ + stars: | 2024-01-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors seeking income in the stock market have reason to cheer, according to author and portfolio manager Daniel Peris. He's predicting a major paradigm shift in the market as dividends come back in vogue. "Conservative, self-proclaimed dividend investors are going to have access to more companies over time," said Peris, author of the new book, " The Ownership Dividend ." These days, about 80% of S & P 500 stocks pay a dividend. Investing in dividend stocks Still, just because a company offers a dividend doesn't mean it is a good investment.

Persons: Daniel Peris, Peris, Peris doesn't, He'd Organizations: Conservative, Nasdaq, Federated Hermes, Strategic, Google, Big Tech Locations: Silicon Valley, U.S

[1/2] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023. The Pentagon said it was aware of reports regarding attacks on an American warship and commercial vessels in the Red Sea on Sunday, while Yemen's Houthi group claimed drone and missile attacks on two Israeli vessels in the area. Such worries flared after Hamas’ Oct. 7 attack into southern Israel but subsided in recent weeks. Quincy Krosby, chief global strategist at LPL Financial, said a widening conflict could push some investors to take profits on the recent rally in stocks. Signs of an intensifying Middle East conflict could also boost oil prices, which have slumped in recent weeks.

Persons: Brendan McDermid, Yemen's, Quincy Krosby, ”, “, Phil Orlando, Federated Hermes, Santa Claus, Orlando, I'm, Krystal Hu, Ira Iosebashvili, Chizu Organizations: New York Stock Exchange, REUTERS, Hamas, Pentagon, Reuters, LPL, U.S ., Federated, West Texas, Thomson Locations: New York City, U.S, American, Israel, United States, Iraq, Iran, Santa

The documents showed that the government also labeled as part of its climate change efforts items as disparate as Navy security operations and distributing fortified milk among the rural poor. Of this, Pemex spent 5.6 billion pesos on climate change and 1.3 billion pesos on the energy transition in the same period, the public accounts show. "Mexico started really strong," said Maria Jose de Villafranca, the lead researcher for Mexico at Climate Action Tracker. The government did not make officials available to discuss its climate change plans. Mexico has not released information about its strategy, which has been criticized by climate change experts as non-compliant with the Paris Agreement.

Persons: Gustavo Graf, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez Obrador's, Pemex, Victor Gomez, Gomez, Maria Jose de Villafranca, There's, Jason DeVito, Stefanie Eschenbacher, Simon Jessop, Dave Graham, Claudia Parsons Organizations: REUTERS, MEXICO CITY, Reuters, United, CFE, United Nations, Navy, Federated Hermes, Thomson Locations: El Bosque, Mexico, MEXICO, DUBAI, United States, Paris, United Nations, Dubai, CFE, Mexico City

REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Nov 29 (Reuters) - U.S. budget wrangling could further delay funding approval for new agreements with Pacific island nations meant to counter Chinese influence, creating an opportunity for Beijing in the strategically vital region, congressional and other sources say. But congressional sources say this looks impossible as lawmakers argue over spending priorities, raising concerns that a further delay could create an opening for China, which has been wooing financially strapped Pacific economies. "It's feeling pretty dead in the NDAA context," the source said, adding that focus had turned to finding other legislation to secure the COFA funding. "It is really incomprehensible given the amount we're talking about ... why Congress cannot get its act together," Yun said. "What we risk is China getting in where we really don't want them – in places like Palau, RMI, FSM.

Persons: Mike Pompeo, Jonathan Ernst, Biden, Mike Johnson's, Joseph Yun, Yun, David Brunnstrom, Michael Martina, Patricia Zengerle, Don Durfee, Daniel Wallis Organizations: U.S, Pohnpei International, REUTERS, Rights, Federated, Marshall, RMI, Washington, Free Association, National Defense, Reuters, Republicans, Natural Resources, Foreign Affairs, New Republican, Biden, State Department, White House National Security Council, Thomson Locations: Pohnpei, Kolonia, States, Micronesia, Pacific, Beijing, Federated States, Palau, China, Ukraine, U.S, Hawaii, Philippines, Washington

☆ Berkshire Hathaway vice chairman Charlie Munger dies at 99
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +12 min

Nov 28 (Reuters) - Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway (BRKa.N), died on Tuesday morning at a California hospital. For stock-pickers like us to lose Charlie Munger, would be like if you’re a basketball fan and you lose Bill Russell. "I wouldn't think Berkshire will look much different, apart from Buffett no longer being able to share ideas with Munger. CATHERINE SEIFERT, VICE-PRESIDENT, CFRA RESEARCH, NEW YORK“Berkshire Hathaway shareholders are not going to be directly or negatively impacted from the passing of Charlie Munger. Therewass already a transition plan in place and there's a transition plan in place when Warren Buffett passes away.

Persons: Charlie Munger, Warren Buffett, Charlie, WHITNEY TILSON, BRIAN MOYNIHAN, Charlie Mungerwass, ” BURNS MCKINNEY, Bill Russell, ”, Berkshire Hathaway, ” PHIL ORLANDO, FEDERATED HERMES, BILL, Buffett, Munger, PHILLIP, —, STEVE SOSNICK, “, ” WIN MURRAY, DIAMOND, MARY JO, BILL SMEAD, Warren, ” “ Buffett, Todd Combs, Ted Weschler, ” PAUL LOUNTZIS, Greg Abel, I've, you'll, STEPHEN DODSON, hewass, ” PAUL NOLTE, FOR MURPHY, Warren Buffet, they've, QUINCY KROSBY, RICK MECKLER, CHERRY, NEW VERNON, Hewass, obviouslywass, DOUG KASS, ” THOMAS RUSSO, GARDNER RUSSO, QUINN, CATHERINE SEIFERT, he's, ” ANTHONY SAGLIMBENE, THOMAS HAYES Organizations: Berkshire Hathaway, COOK, APPLE, WHO, KASE, OF, FEDERATED, Berkshire, ” WIN, THE BRETTON, SAN, SYLVEST, NEW, Buffett, GREAT, Global Finance, Markets, Thomson Locations: California, Munger, Berkshire, American, DALLAS , TEXAS, GLENVIEW, CALIFORNIA, CONNECTICUT, DIAMOND HILL, COLUMBUS , OHIO, PHOENIX, ” “ Berkshire, , PENNSYLVANIA, ELMHURST, IL, CHARLOTTE, NC, CHERRY LANE, NEW JERSEY, LANCASTER , PENNSYLVANIA, Munger . Berkshire, TROY , MICHIGAN, GREAT HILL

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