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☆ Warren Buffett says one question posed by AI has stumped economists for a century
▼ + stars: | 2024-05-07 | by ( Michelle Castillo | ) www.cnbc.com time to read: +8 min

Calling AI profound, Buffet said that the technology is like a "genie" — once it gets let out of the bottle, it could have disastrous effects. It's a question, he said, that has riddled the best economists for a century. Warren Buffett is the first to admit he doesn't know much about artificial intelligence. This rebound has led to questions from corporate executives about factors that could be at play, from AI to return-to-office mandates. "Every company is looking at AI and deciding where it will help them," he said during a recent interview on CNBC's "Money Movers."

Persons: Buffett, Buffet, Warren Buffett, it's, couldn't, John Maynard Keynes, Keynes, Gary Cohn, Cohn, Dev Ittycheria, Elon Musk, Mark Zuckerberg, Sam Altman, Robert Solow, Berkshire Hathaway Organizations: Apple, Berkshire Hathaway, Berkshire, IBM, National Economic, CNBC, Nvidia, McKinsey, Harvard Business Locations: Omaha, Berkshire

☆ Fed will be happy with jobs report which showed cooling in employment, says IBM's Cohn
▼ + 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 EmailFed will be happy with jobs report which showed cooling in employment, says IBM's CohnGary Cohn, IBM vice chairman and former NEC director, joins 'Money Movers' to discuss whether Cohn liked Friday's jobs report, whether the inflation numbers will start to come in lower, and mo

Persons: IBM's Cohn Gary Cohn, Cohn Organizations: IBM, NEC

☆ Watch CNBC's full interview with IBM's Gary Cohn
▼ + 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 EmailWatch CNBC's full interview with IBM's Gary CohnGary Cohn, IBM vice chairman and former NEC director, joins 'Money Movers' to discuss whether Cohn liked Friday's jobs report, whether the inflation numbers will start to come in lower, and more.

Persons: IBM's Gary Cohn Gary Cohn, Cohn Organizations: IBM, NEC

☆ Kishida US visit: Japan seeks investment in AI, semiconductors from American companies
▼ + stars: | 2024-04-10 | by ( Junko Ogura | Juliana Liu | ) edition.cnn.com time to read: +4 min

Speaking in Washington at a lunch with American CEOs, Prime Minister Fumio Kishida said Japan welcomes American collaboration in “critical and emerging technology” and assured them that any investment would flow both ways. Last year, Japanese foreign direct investment to the US exceeded $750 billion, Kishida said, making Japan the biggest foreign investor in America and creating more than 1 million jobs. It is reportedly the company’s largest ever investment in Asia’s second largest economy. Earlier this month, Japan’s industry ministry approved subsidies worth up to 590 billion yen ($3.9 billion) for Rapidus. It comes as Washington adds increasing restrictions on the types of semiconductors that American companies are able to sell to China.

Persons: Hong Kong CNN —, Fumio Kishida, ”, Kishida, Joe Biden, Brad Smith, Gary Cohn, Sanjay Mehrotra, Ted Colbert, Albert Bourla, Mayumi Maruyama Organizations: Hong Kong CNN, Microsoft, Microsoft Research Asia, IBM, Micron Technology, Boeing, Defense, Space & Security, Pfizer, CNN, US Chamber of Commerce, “, Intel, Samsung, US Locations: Tokyo, Hong Kong, Japan, Washington, American, United States, America, Asia’s, Russia, South, Taiwan, Hokkaido, chipmaking, China, Europe, Asia, Germany

☆ 'The Davos underground': A final take on the secretive parties of the world's rich and powerful
▼ + stars: | 2024-01-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

"That's when you get the good s---," said a Davos attendee who is regularly selected to join the exclusive backroom of the Annual Davos Wine Forum Tasting. Zoom In Icon Arrows pointing outwards JPMorgan took over the Kirchner Museum for its annual drinks event. Zoom In Icon Arrows pointing outwards The attire of the Davos set is decidedly not chic. Zoom In Icon Arrows pointing outwards The color of your conference badge determined access to World Economic Forum events. Zoom In Icon Arrows pointing outwards Skiing and snowboarding post panels and broadcasting was another favorite pastime of some Davos goers.

Persons: bankrolled, Vladimir Putin's, Putin, George Soros, Bill Browder, Anthony Scaramucci, Anthony, Scaramucci, queued, Latour, Donald Trump, —, Mark Milley, Matt Damon, Richard Branson, Andrea Bocelli, Chris Coons, Paul Ryan, bartenders, Champagne Perrier, Chateau Latour, L'Eglise, Burgundy Olivier Bernstein Bonnes, Domaine Comte Georges de Vogue, Tenuta, Casanova di Neri, Stephen King, Browder, Doug Emhoff, Gary Cohn, Ian Bremmer, Sir Martin Sorrell, Sting, Bill Gates, Sam Altman, Marc Benioff, Ray Dalio, Emhoff, Ernst Ludwig Kirchner, Brian Moynihan, IBM's Gary Cohn, Jack Hidary, Sir Richard Moore, Barry Colson, Davos goer, Moritz, Eve, CNBCers, Emmanuel Macron, John Kerry, Joe Short, roundtables, Wyclef Jean, Diane von Fürstenberg, George Osborne, David Rhodes, Osborne, Politico's Suzanne Lynch, Princess Beatrice, David Blaine, Milley —, Tij, CNBC Tij Organizations: Economic, CNBC, Congress Center, Russian, Russian Direct Investment Fund, Moonshot Investor Network, Putin, Hermitage Capital, SkyBridge, White House Communications, Chiefs, Bordeaux Smith Haut, Platz, Politico, IBM, AB InBev, White, Trump, Eurasia Group, Capital, Microsoft, Wall Street, Billionaire Microsoft, Light, Infosys, Bloomberg House, JPMorgan, Kirchner Museum, Financial, Hotel, CNBC CNBC, Bank of America, New, Davos, U.S . Climate, Accenture, Golf Club Davos, Palantir, Chancellor, Sky News's, Sting, Workers, Swiss Army, Army, Gliding Locations: Davos, Switzerland, Soviet, Ukraine, Moscow, Hungarian, Hermitage, Providence, Europe, Davos's, Bordeaux, Bordeaux Smith Haut Lafitte, Bello, Santa Cruz, Napa Valley Tuscany, Schatzalp, Scalettastrasse, Emirates, Halifax, Canada, Salt Lake City, U.S, Palantir, Swiss

☆ The Fed was very late on raising rates: Gary Cohn
▼ + stars: | 2023-11-29 | 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 EmailThe Fed was very late on raising rates: Gary CohnGary Cohn, IBM vice chairman and former NEC director, says the first half of 2024 we will see no rate activity from the Fed.

Persons: Gary Cohn Gary Cohn Organizations: IBM, NEC

☆ Former Trump advisor says the U.S. economy is 'back to normal,' but markets may be jumping the gun on rate hikes
▼ + stars: | 2023-11-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The U.S. economy is "back to normal" for the first time in two decades, but the market is getting ahead of the likely pace of interest rate cuts, according to IBM Vice Chairman Gary Cohn. The central bank in September paused its historically aggressive monetary tightening cycle with the Fed funds rate target range at 5.25-5.5%, up from just 0.25-0.5% in March 2022. "You don't want to be early to leave when you're the last one to come to the party. "The economy will clearly turn down before the Fed had starts to cut interest rates, so I strongly believe that for the first half of '24, we will see no rate activity in the Fed. Maybe [in the third quarter], we'll start hearing rumblings of some forward guidance of lower rates."

Persons: Gary Cohn, Cohn —, Donald Trump, Cohn, CNBC's Dan Murphy Organizations: IBM, Federal Reserve, National Economic, Abu, Abu Dhabi Finance, Fed Locations: U.S, Abu Dhabi

☆ We still have enormous fiscal stimulus in the system, says IBM's Gary Cohn
▼ + stars: | 2023-10-12 | 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 still have enormous fiscal stimulus in the system, says IBM's Gary CohnGary Cohn, IBM vice chairman and former NEC director, joins 'Squawk on the Street' to discuss how Cohn reads Thursday's inflation data, whether the economy's reached a new normal for inflation, and more

Persons: Gary Cohn Gary Cohn, Cohn Organizations: IBM, NEC

☆ Former Bridgewater CEO Dave McCormick would get big money backing for Pennsylvania U.S. Senate run
▼ + stars: | 2023-09-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Dave McCormick, Republican U.S. Senate candidate from Pennsylvania , greets supporters during a campaign event with Sen. Ted Cruz, R-Texas, at Lehigh Valley Sporting Clays in Coplay, Pa., on Tuesday, January 25, 2022. The last time McCormick ran for Senate, his chief rival in the Republican primary was TV host Dr. Mehment Oz. Christian Ferry, who previously worked for Republican Sen. Lindsey Graham and late GOP Sen. John McCain, said, "Every cycle these totals continue to go up." McCormick has reportedly been promised the support of the Senate Leadership Fund, a super PAC aligned with Republican Senate Minority Leader Mitch McConnell of Kentucky. Burch paid approximately $16 million for the estate, according to Newsday.

Persons: Dave McCormick, Sen, Ted Cruz, Dave McCormick's, Tory Burch, McCormick, Goldman Sachs, Lloyd Blankfein, Steven Mnuchin, Gary Cohn, David Solomon, Bob Steel, Perella Weinberg, Mnuchin, Donald Trump, Cohn, Bob Casey, Paul Singer, Steve Schwarzman, Burch, Mnuchin Cohn, Singer, Schwarzman, Steel, Dave, agains Casey, Dina Powell McCormick, Dina, Democrat John Fetterman, Mehment Oz, OpenSecrets . Oz, Donald Trump . Oz, Casey, Oz, Alex Conant, Republican Sen, Marco Rubio, It's, Lindsey Graham, GOP Sen, John McCain, Mitch McConnell of Organizations: Republican U.S, Lehigh Valley, U.S, Senate, Bridgewater Associates, Democratic, Elliot Investment Management, Blackstone, CNBC, Steel, NBC News, Associated Press, McCormick, Keystone, Bush, Treasury, Pennsylvania Senate, Democrat, Republican, GOP, PAC, Bridgewater, Pennsylvania Democratic Party, Fund, Prosperity, that's, Koch Industries, Hamptons, Newsday Locations: Republican, Pennsylvania, Texas, Coplay, Pa, Connecticut, Pittsburgh, Trump, OpenSecrets ., Mitch McConnell of Kentucky, Southampton, Long, , New York, Palm Beach

☆ Frank Dunlevy, Gary Cohn host campaign fundraiser for Tim Scott in the Hamptons
▼ + stars: | 2023-08-10 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

U.S. Republican presidential candidate Tim Scott speaks at the "Roast and Ride" event hosted by U.S. Republican Sen. Tim Scott huddled with over 50 donors at the Hamptons home of Wall Street veteran and former Trump administration official Frank Dunlevy on Wednesday night, according to people familiar with the matter. In fact, when CNBC reached out to Dunlevy before the party this week, he tried to dispute whether the fundraiser was at his house. Dunlevy lent his backyard to the official listed hosts of the Scott event, another person explained. Also attending the party was Gary Cohn, who served as director of the National Economic Council in 2017-18.

Persons: Tim Scott, Joni Ernst, Republican Sen, Trump, Frank Dunlevy, Cowen, invitees, Dunlevy, Scott, Gary Cohn, Cohn Organizations: Republican, U.S, Hamptons, Wall Street, CNBC, National Economic Council Locations: Des Moines , Iowa, U.S, Hampton, East Hampton

☆ Goldman Sachs is having an identity crisis
▼ + stars: | 2023-08-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

I never thought I'd write this but … I miss the old Goldman Sachs. That was the voice of Goldman Sachs 2009 — the adamantine firm that managed to make its way through the crisis relatively unscathed. This sort of dry humor worked back then, but for today's Goldman Sachs, the joke just doesn't hit the same way. Van Praag — who was once dubbed "Goldman Sachs' Rococo PR prince" by The Observer — left the firm in 2012. It would be nice to see the old Goldman Sachs ferocity is still out there somewhere, even if it's not on Wall Street.

Persons: I'd, …, Goldman Sachs, Lucas van Praag, Goldman, van Praag, John F, David Solomon —, Solomon, boardrooms, today's Goldman Sachs, Lucas van Praag's Goldman, —, FactSet, JP Morgan, chuffs, DJ Sol, Van Praag —, Observer —, Jake Siewert, Lloyd Blankfein —, David Solomon's, Michael Kovac, Marcus —, DJ'ing, Goldman's, Lloyd Blankfein, Insider's Dakin Campbell, Kim Kardashian, Morgan Stanley, It's, Trump, Gary Cohn, mathlete who's, it's, Linette Lopez Organizations: Sunday Times of, Bloomberg, Refinitiv, Wealth Management, Observer, Treasury, Blankfein, Bank of America, Ivy League Locations: Wall, Sunday Times of London, New York City, Bahamas, Silicon

☆ Tim Scott sees big money donor interest while Ron DeSantis hunts for cash
▼ + stars: | 2023-07-28 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Nicholas Pfosi | ReutersSen. Tim Scott, R-S.C., is seeing a wave of wealthy donor interest as he runs for president, while Florida Gov. Herring has already donated $6,600 to Scott's 2024 run for president, according to Federal Election Commission filings. Nikki Haley will be in the Hamptons on Sunday for a fundraising event, according to an invitation reviewed by CNBC. Sobel, who is a managing partner at Valor Capital Group, donated $6,600 to DeSantis' campaign in late June, according to Federal Election Commission records. Andrew Romeo, a spokesman for the DeSantis campaign, pointed CNBC to their fundraising efforts in the second quarter.

Persons: Tim Scott, Saint Anselm College's, Nicholas Pfosi, Reuters Sen, Ron DeSantis, Scott, Goldman Sachs, Gary Cohn, Andy Sabin, Stanley Druckenmiller, Sabin, James Herring, Herring, Marc Rowan, Tim Scott Victory, Robert Giuffra, Cromwell, Nikki Haley, Donald Trump, DeSantis, meanwhile, Cohn, Druckenmiller, Goldman, Scott East, Still, he's, John Catsimatidis, Brandon Bell, Clifford Sobel's, Michael Pascucci, Sobel, Pascucci, Giuffra, Ronald Lauder, Paul Singer, Lauder, Singer, Andrew Romeo, –, Romeo, Glenn Youngkin, Trump Secretary of Commerce Wilbur Ross, Lisa Wagner, Wagner, she's Organizations: U.S, New Hampshire Federation of Republican Women, Saint Anselm, Saint Anselm College's New Hampshire Institute of Politics, Reuters, Florida Gov, CNBC, Hamptons, Republican, Trump National Economic Council, Trump, Billionaire, Apollo Global Management, Tim Scott Victory Fund, PAC, Southampton, Sullivan, Former South Carolina Gov, GOP, Washington Examiner, Florida Governor, Getty, Valor Capital, Commission, Business Jet, Gulfstream, Embraer, Bucknell University, Records, Politico, Virginia Gov, Hotel, Trump Secretary of Commerce, NBC News, DeSantis Locations: Saint, Manchester , New Hampshire, Florida, Long, East Hampton, North Carolina, Scott East Hampton, DeSantis, Ukraine, Scott, Rio Grande, Eagle Pass , Texas, Southampton, Charleston, Virginia, Aspen , Colorado, Colorado

☆ Robert F. Kennedy Jr.'s presidential run gets support from Wall Street veteran Omeed Malik
▼ + stars: | 2023-06-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Robert F. Kennedy Jr., the anti-vaccine activist who's now running for president, has another wealthy backer in his corner: veteran Wall Street executive Omeed Malik. Representatives for Kennedy, Clinton, Pompeo, Summers and Lasry did not return requests for comment about the dinner. Kennedy is the son of former Attorney General Robert F. Kennedy, who was assassinated during his own presidential run in 1968, and the nephew of late President John F. Kennedy, who was shot dead in 1963. Billionaire Twitter owner Elon Musk hosted Kennedy in a recent Twitter Spaces. He later hosted a glitchy Twitter Spaces for the Florida Republican when he announced his run for president.

Persons: Robert F, Kennedy Jr, who's, Omeed Malik, Malik, Kennedy, Hillary Clinton, Trump, Gary Cohn, Mike Pompeo, Boris Johnson, Larry Summers, Marc Lasry, Cohn, Clinton, Pompeo, Summers, Lasry, Johnson, Joe Biden's, Biden, Donald Trump, John F, David Sacks, Chamath Palihapitiya, Sacks, Elon Musk, Musk, Ron DeSantis Organizations: Wall, Bellagio, Business, UK, Democratic, Financial, Quinnipiac, Kennedy, Venture, Republicans, Billionaire Twitter, Florida Gov, Florida Republican Locations: Las Vegas

☆ Watch CNBC's full interview with former SEC Chair Jay Clayton and former NEC Director Gary Cohn
▼ + stars: | 2023-05-31 | 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 EmailWatch CNBC's full interview with former SEC Chair Jay Clayton and former NEC Director Gary CohnFormer SEC Chairman Jay Clayton, and Gary Cohn, vice chairman at IBM and former National Economic Council director, join 'Squawk Box' to discuss the latest on the debt ceiling deal, the impact on the economy, and more.

Persons: Jay Clayton, Gary Cohn Organizations: SEC, NEC, IBM, National Economic Council

☆ Former SEC Chair Clayton: Smart of McCarthy to put spending and labor problems 'front and center'
▼ + stars: | 2023-05-31 | 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 EmailFormer SEC Chair Clayton: Smart of McCarthy to put spending and labor problems 'front and center'Former SEC Chair Jay Clayton, and Gary Cohn, vice chairman at IBM and former National Economic Council director, join 'Squawk Box' to discuss the latest on the debt ceiling deal, the impact on the economy, and more.

Persons: Clayton, Smart, McCarthy, Jay Clayton, Gary Cohn Organizations: SEC, IBM, National Economic Council

☆ CNBC Daily Open: JPMorgan rides to the rescue
▼ + stars: | 2023-05-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

A posted announcement from the FDIC about the seizure of First Republic Bank and sale to JPMorgan Chase is displayed on a window at a First Republic Bank office on May 01, 2023 in San Francisco, California. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In sum: First Republic's failure and takeover by JPMorgan is a big deal (and good one for the biggest bank in the U.S.!) Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: JPMorgan takes over First Republic
▼ + stars: | 2023-05-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

A branch of First Republic Bank in New York City, U.S.Markets were remarkably quiet following the second-biggest bank failure in U.S. history. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets were remarkably quiet following the second-biggest bank failure in U.S. history. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ Former SEC Chair Jay Clayton: JPMorgan-First Republic takeover a good deal for the system
▼ + stars: | 2023-05-01 | 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 EmailFormer SEC Chair Jay Clayton: JPMorgan-First Republic takeover a good deal for the systemFormer SEC Chair Jay Clayton and former NEC director Gary Cohn join 'Squawk Box' to discuss JPMorgan's acquisition of First Republic, the blocked Microsoft-Activision merger, and more.

☆ Watch CNBC's full interview with former SEC Chair Jay Clayton and former NEC director Gary Cohn
▼ + stars: | 2023-05-01 | 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 EmailWatch CNBC's full interview with former SEC Chair Jay Clayton and former NEC director Gary CohnFormer SEC Chair Jay Clayton and former NEC director Gary Cohn join 'Squawk Box' to discuss JPMorgan's acquisition of First Republic, the blocked Microsoft-Activision merger, and more.

☆ The First Republic deal has come at a crucial point for the markets and economy
▼ + stars: | 2023-05-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Michael M. Santiago | Getty ImagesJPMorgan Chase's takeover of First Republic likely ends the panic phase of the banking crisis, with the fallout left to come in a pivotal week for markets and the economy. Following an unsuccessful effort to keep First Republic open, the largest U.S. bank by deposits reached a deal to take over the 14th-largest financial institution. With financial services covering such a wide swath of activities in the $26.5 trillion U.S. economy, the failures of Silicon Valley Bank, Signature Bank and now First Republic Bank will reverberate. Stocks nudged higher Monday morning on hopes that the worst of a banking crisis that began in early March has drifted into the rear view. "Resolving FRC should end the 7-week post SVB bank crisis phase."

☆ Gary Cohn on JPMorgan Chase takeover of First Republic: I'm shocked it took so long to get here
▼ + stars: | 2023-05-01 | 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 EmailGary Cohn on JPMorgan Chase takeover of First Republic: I'm shocked it took so long to get hereFormer SEC Chair Jay Clayton and former NEC director Gary Cohn join 'Squawk Box' to discuss JPMorgan's acquisition of First Republic, the blocked Microsoft-Activision merger, and more.

☆ Fed's Powell doesn't seem as confident as before, says former White House advisor Gary Cohn
▼ + stars: | 2023-03-23 | 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 EmailFed's Powell doesn't seem as confident as before, says former White House advisor Gary CohnFormer White House economic advisor Gary Cohn joins ‘Squawk on the Street’ to discuss the Fed announcement of a 25 bps hike and more.

☆ The Fed has outsourced monetary policy and lost control of the economy, former White House advisor says
▼ + stars: | 2023-03-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Federal Reserve is outsourcing monetary policy, former White House adviser Gary Cohn said. It's betting that tighter lending in the banking sector will act as a brake on the economy, he told CNBC. "We're almost getting to a point right now where he's outsourcing monetary policy," Cohn told CNBC. When the Fed was slowing the economy by raising rates, a soft landing seemed more achievable, he said. Even with the possibility of a recession, Cohn did not think that the Fed was incentivized to cut rates later this year, citing the Fed's dot plot.

☆ Witness may challenge Michael Cohen claims in Trump case
▼ + stars: | 2023-03-20 | by ( Karen Freifeld | ) www.reuters.com time to read: +5 min

[1/2] Former U.S. President Donald Trump greets supporters accompanied by Iowa Governor Kim Reynolds during a campaign rally, in Davenport, Iowa, U.S. March 13, 2023. Robert Costello has been asked to appear before the grand jury at the request of Trump's lawyers because he may have information that calls into question events as described by Michael Cohen, Trump's former lawyer, the source said. Cohen testified before the grand jury twice last week. Trump, who is seeking the 2024 Republican presidential nomination, has said he would continue campaigning even if charged with a crime. The grand jury will determine whether there is sufficient evidence to formally charge Trump with a crime.

☆ Hedge fund manager Nelson Peltz says the government should insure all bank deposits — for a price
▼ + stars: | 2023-03-20 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

The federal government should expand its guarantee to all bank deposits regardless of size in order to slow bank runs, but it should charge customers for that insurance, hedge fund manager Nelson Peltz said Monday. The additional insurance premium would, for example, could come out of the CD interest payments on large deposits, Peltz said. The hedge fund manager is not the only person calling for raising the insurance threshold. Regional bank stocks were largely rebounding on Monday, though First Republic was still under pressure despite receiving $30 billion in deposits from other banks. Peltz said it was important to make changes to the deposit insurance program even if the current situation stabilizes.

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