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☆ Think corporate greed is the leading cause of inflation? Think again
▼ + stars: | 2024-05-15 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Some progressives have frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with. That’s corporate greed. That’s corporate greed. Although the paper did not directly mention corporate greed, shrinkflation or Biden, the research undercuts the argument that greedflation drove the early inflation. That report found corporate profits were to blame for 34% of inflation since the start of Covid-19.

Persons: Sen, Elizabeth Warren, ” Warren, “ That’s, It’s, —, ”, Joe Biden, ” Biden, CNN’s Erin Burnett, Biden, – we’re, shrinkflation, greedflation, Jeremy Edwards, ” Edwards, “, –, Greg Valliere, ” Valliere, Jerome Powell, Caroline Ciccone, profiteer Organizations: New, New York CNN, Federal Reserve Bank of San Francisco, Fed, SF Fed, ”, CNN, White, AGF Investments, Federal Reserve, Federal, Federal Reserve Bank of Kansas City Locations: New York, America, Kansas

☆ A $1.35 billion lottery winner's own father turned against him in a messy family lawsuit
▼ + stars: | 2024-05-14 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewA lawsuit brought by a $1.35 billion lottery winner against the mother of his child has taken a new twist, with the winner's own father siding with the defendant. AdvertisementDoe has sought to maintain his anonymity, but claims that the woman — named pseudonymously as "Sarah Smith" — told his father, leading to several other family members finding out. In response, Smith's lawyers point out that Doe's own motion said that he'd "made the mistake" of telling his father. This, Smith's lawyers said, "knocks the struts out from under his complaint." Smith's lawyers accused Doe of pursuing her through a baseless, costly, and intimidatory court battle because she would not agree to get back together with him.

Persons: —, John Doe, Doe, Sarah Smith, Smith's, Doe's, Smith, stepmom, It's Organizations: Service, Business, Daily Locations: Maine

☆ The $5 McDonald's meal may be making a grand comeback — but only for a month
▼ + stars: | 2024-05-13 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

McDonald's reportedly plans to launch a limited-time $5 meal. AdvertisementMcDonald's is looking to launch a $5 meal in the US in a move to bring back price-sensitive customers. CEO Chris Kempczinski said McDonald's has local value meals around the US, but no standard national offering like competitors do. A meal consisting of the same four items — a McChicken, fries, a drink, and four-piece chicken nuggets — costs $18.26 in downtown New York City. AdvertisementThe new bundle would be priced lower than a Happy Meal, which starts at $6.39 in downtown Manhattan.

Persons: McDonald's, —, Ian Borden, they're, Chris Kempczinski, Gunther Plosch Organizations: Service, Bloomberg, Restaurant Business, Customers, downtown, Burger King, Restaurant Brands Locations: New York City, downtown San Francisco, Manhattan

☆ After my husband transitioned into my wife, I struggled to think of her as another mother to our kids
▼ + stars: | 2024-05-12 | by ( Jess Decourcy Hinds | ) www.businessinsider.com time to read: +6 min

But when my partner transitioned into a woman, I struggled to see her as another mother to our kids. AdvertisementAfter my husband transitioned to female and became my wife, I was taken aback when a friend wished us both a Happy Mother's Day. Mother's Day promises a token gesture of pampering and the invitation of self-care, a thank you for all we do. Mother's Day became confusingOn our second Mother's Day after her transition, Stefanie gave me flowers, as always; I gave her nothing and felt terrible. Did it matter whether we called it Father's Day or a June Mother's Day?

Persons: —, I'd, I'm, Stefanie, Didn't, peonies, There's, Maddie, I'm Mama Organizations: Service, Mother's, Museum of Modern Art Locations: New York

☆ Meet the doomsayers waiting for the economy to crash
▼ + stars: | 2024-05-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

"The one thing that our economy is going to be guaranteed is a wartime economy," Daniel told Business Insider in an interview. Interest in ultra-bearish takes on the market or the economy is on the up based on raw search data. Google searches for "stock market crash" have jumped 17% over the last quarter, while searches for "economic crash" have surged 15%, according to search analytics firm Glimpse. In both communities, users are sounding the alarm on all sorts of apocalyptic scenarios for the economy, with some predicting a stock market crash, housing market crash, or a total collapse of the US financial system. "Others may not be as lucky and could be constrained by them, and that could color their outlooks for the stock market and the economy."

Persons: —, Daniel, subreddit, Freddie Smith, Smith, aren't, Jonathan Rose, he's, Rose, there's, that's, Richard Sylla Organizations: Service, Genesis Gold, US, Northwestern Mutual, New York University Locations: Washington ,, Reddit, Florida

☆ Fast food chains are getting the message about soaring prices
▼ + stars: | 2024-05-06 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

To win penny-pinching customers back, some say they're planning smaller price increases for the rest of the year. Wendy's CFO Gunther Plosch told investors on Thursday that consumers are "still under pressure" — especially those with household incomes under $75,000. Chains raised prices drastically during the pandemic to offset rising labor and food costs, and it's coming back to bite them. For some restaurant chains, comparable sales even fell. McDonald's would "certainly" be "prudent and thoughtful" about any further price increases in the rest of 2024, Borden said.

Persons: —, Gunther Plosch, Ian Borden, Joshua Kobza, Burger, Popeyes, Burger King, Wendy's, William Blair, Sharon Zackfia, Borden, Katie Fogertey Organizations: Service, Starbucks, KFC, US, Bureau of Labor Statistics Locations: Burger, North America

☆ A top mind at UBS Global Wealth Management explains why investors' meltdown over elevated interest rates is misguided — and shares a 5-part investing blueprint as stocks continue to rise
▼ + stars: | 2024-05-03 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Less than a month ago, analysts were calling for subdued earnings growth of just 3%. Although higher rates can be a headache, Lefkowitz said earnings growth matters most. Instead of obsessing over when interest rates will fall, Lefkowitz said investors should consider the reasoning behind the Fed's decisions. "If rates are rising and that's leading to more confidence in the earnings growth outlook, then that shouldn't be a headwind to markets," Lefkowitz said. Follow this 5-part investing game planHealthy earnings growth and a resilient economy have strategists at UBS GWM bullish about US stocks.

Persons: Jonathan Golub, weren't, that's, David Lefkowitz, Lefkowitz, —, shouldn't Organizations: UBS Global Wealth Management, UBS, Business, UBS GWM, Bank of America, Federal, Healthcare

☆ Turn to emerging markets for investments that ‘will power the AI revolution,’ portfolio manager says
▼ + stars: | 2024-05-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

A lower rate environment this year will boost the thesis for investing in emerging markets, according to Christine Phillpotts, a portfolio manager at Ariel Investments. Phillpotts, who manages Ariel's Emerging Markets Value and Emerging Markets Value ex-China strategies, told CNBC's Mike Santoli at Berkshire Hathaway's annual shareholder meeting that there are several reasons why emerging markets should outperform in 2024 and beyond. For starters, a lower interest rate environment would mean that investors would increase flows to ex-U.S. regions, including emerging markets. The portfolio manager noted that valuation discounts for emerging market equities are at all-time lows, based on a comparison of the MSCI Emerging Markets Index versus the S & P 500. For investors interested in artificial intelligence beneficiaries, Phillpotts highlighted that key opportunities in emerging markets lay within the picks-and-shovels plays that "will power the AI revolution."

Persons: Christine Phillpotts, CNBC's Mike Santoli, She's, Ariel's, Phillpotts, Warren Buffett's Organizations: Ariel Investments, Federal Reserve, Ariel, China Locations: China, Berkshire, U.S

☆ Donald Trump Embraces Lawlessness, but in the Name of a Higher Law - The New York Times
▼ + stars: | 2024-05-02 | by ( Matthew Schmitz | ) www.nytimes.com time to read: +2 min

From the beginning, Mr. Trump’s admirers have compared him to a paradigmatic outlaw hero, Robin Hood. Mr. Trump may not deserve the comparison — critics of his 2017 tax cut called it a reverse Robin Hood — but myth has a way of overstepping mere fact. Did Jesse James really pay off a widow’s mortgage, then rob the greedy banker who took the cash? For that matter, did Robin Hood really rob the rich and give to the poor? Like Joaquín Murrieta, the 19th-century Mexican laborer working in California who, according to legend, responded to injustice by vowing that he “would live henceforth for revenge,” Mr. Trump has promised to avenge the downtrodden.

Persons: Robin Hood, Sebastian Gorka, Trump, Lauren Boebert, Biden, Robin Hood’s, Prince John, Mr, Jesse James, Joaquín Murrieta, ” Mr, ”, Trump’s, Bandman Kevo, Donald Trump Organizations: ”, Republican Locations: Colorado, California

☆ We're booking profits in our largest position. Our discipline calls for another sale
▼ + stars: | 2024-04-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 2,110 shares of WFC, decreasing its weighting to roughly 4.0% from 5.08%. That's what we are doing Monday with Wells Fargo. At the time of the sale , shares of Disney traded around $122 each. We did this exercise once already this year with Wells Fargo after its weighting neared 5% in late February. But with the stock pressing near our $62 price target, our discipline calls for booking some profits.

Persons: Jim Cramer's, Wells, Charlie Scharf, Jim Cramer, Jim Organizations: WFC, Meta, Disney, Management, CNBC Locations: Wells Fargo

☆ 10 Years, 100 Stories: The Work That Defines the Upshot
▼ + stars: | 2024-04-27 | by ( The Upshot Staff | ) www.nytimes.com time to read: +20 min

Ten years ago this week, The New York Times introduced the Upshot, a section devoted to explaining “politics, policy and everyday life.” That’s a wide scope, by design. As a result, more than 5,000 articles later, the Upshot has been many things to many readers. To mark our 10th birthday, we’ve collected 100 stories that embody the Upshot. WordleBot Eden Weingart/The New York Times When Wordle first became popular, several people on the internet claimed, plausibly, that they had come up with the “best” opening word. Force of Ship Impact Was on the Scale of a Rocket Launch Erin Schaff/The New York Times We think of the Upshot as a place where back-of-the-envelope calculations can be both helpful and welcome.

Persons: ”, Nate Cohn’s, we’ve, Kevin Quealy, John Branch, John, Patrick Thomas, tut, Trump, pollsters, Obamacare, Leif Parsons, We’re, Jason Henry, Tony Luong, Jordan, ‘, Ruth Fremson, Laurel, ’ Rodrigo Corral, Alex Welsh, Paul Romer, Tim Enthoven, Barack Obama, epidemiologists, It’s, you’re, WordleBot Eden, Wordle, Lila Barth, McCabe, Tom Brady, ChatGPT, —, Erin Schaff Organizations: New York Times, Facebook, Yankees, Red, State Newspaper, ESPN, The Athletic, The Times, You’re, Voters, Trump, Mr, Times, Siena College, Walmart, The New York Times, Jordan Siemens, Health, New, Nike, Democratic, Twitter, America, Iowa, Iowa Democratic, Cancer, Hit, Biden, Insurance, Roe America, Disorders, Republican, Republican Party of, U.S, Budget, NASA, National, Traffic, Administration, Yorkers, Force Locations: It’s, Red Sox, State, America, Dakota, Ireland, Chipotle, Japan, U.S, United States, Siena, New Pennsylvania, District, Iowa, Covid, York City, New York, Pennsylvania, Roe, Tonga, Arizona, York, Holland

☆ Google is once again dictating the future of the online ad industry and all its rivals can do is brace for impact
▼ + stars: | 2024-04-24 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

When Google sneezes, the entire online advertising industry catches a cold. Google's announcement Tuesday that it would again delay its planned timeline for killing off third-party tracking cookies had long been anticipated by the digital advertising industry. Google has a 28% share of the online ad market, according to market research firm Emarketer (a sister company to BI). Regulators could step in to resolve the cookie chaosSome industry experts are hoping regulators will step in to untangle the mess. Amid the four years of confusion, chaos, and harumphing, there has been one consistent theme: When it comes to the future of online advertising, Google calls the shots.

Persons: Ciaran O'Kane, WireCorp, hasn't, Sundar Pichai, Stephen Lam, Mathieu Roche, James Rosewell, Google's, haven't, Pierre Devoize, Devoize Organizations: Google, Business, Gmail, Antitrust, US Department of Justice, European Commission, UK's, Markets Authority, CMA, Industry, IAB Tech, EU Google, Chrome, Movement Locations: FirstPartyCapital

☆ New data centers require billions of dollars in utility system upgrades. You may end up paying for it.
▼ + stars: | 2024-04-18 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +15 min

A record surge of data center construction is underway to provide the computing and storage that underpins society's fast-expanding digital footprint and powers artificial intelligence. In areas of the country where data centers have clustered, utilities have unveiled plans to spend billions of dollars to keep up. asked David Springe, the executive director of the National Association of State Utility Consumer Advocates. "Then you have the data centers that are having exponential load growth," Nelson said. Data centers also don't deliver the number of long term jobs – a key yardstick for public benefits – that other industries do.

Persons: Mike DeWine, David Springe, they're, Ryan Augsburger, Augsburger, Ron Nelson, Strategen, ratepayers, Nelson, Steve Helber, That's, PJM, David Lapp, Lapp, Jeffrey Shields, Shields, Kantele Franko, Shelby Moore, Meta, behemoth Blackstone, QTS, John Gavan, Daniel Tait, Tait Organizations: Amazon, Ohioans, Business, Wall, Boston Consulting Group, National Association of State, Consumer, Ohio Manufacturers ' Association, Web Services, Energy, Dominion Energy, Federal Energy Regulatory Commission, Tech, Wall Street titans, American Electric Power, Buckeye Power, AEP, Buckeye, AEP Ohio, Staff, Intel, Policy Institute Locations: Ohio, ratepayers, Chester , Va, Virginia, PJM, Chicago, New Jersey, New York City, Maryland, West Virginia, Pennsylvania, Columbus , Ohio, Denver, New Albany , Ohio, Minnesota, Columbus, Mississippi

☆ Options prices are rising as the market is on edge. How to use this to your advantage
▼ + stars: | 2024-04-15 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Options premiums are rising and we'll discuss how to take advantage of that by generating income through a covered call options strategy. First the consumer price index inflation data came in hotter than expected on Wednesday. The expectation had been that the pace of inflation – once those year-over-year price increases were in place — would slow in March. Since then, the "average" level of the VIX Index is 19.53. Holders could therefore look to options to potentially provide some yield if they are expecting less capital appreciation.

Persons: Warren Buffett, 28th's, Buffett Locations: Europe, Iran, Israel, Lebanon, United States, Domino's

☆ I love staring at my phone. So why are some tech companies trying to stop me?
▼ + stars: | 2024-04-14 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +8 min

Bad reviews of the AI Pin point out how it can't replace a phone. AdvertisementI was excited for the AI Pin, I really was. Unfortunately, the reviews of the AI Pin so far have been dreadful. I don't stare at my phone in a restaurant, a movie theater, or while talking to someone. I don't think my consciousness will ascend to a higher plane if I could only tear myself away from the 2,000-nit light of my iPhone 14 Pro Max.

Persons: —, we've, Siri, There's, They're, Joanna Stern, Sam Altman, I'm, I'd, Max Organizations: Service, The, Journal, Meta, Apple Watch Locations: UAE

☆ Kanye West compared himself to Hitler, threatened staff and students at Donda Academy, new lawsuit alleges
▼ + stars: | 2024-04-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Read previewA former employee of Kanye West's has accused the rap mogul of threatening the staff and students of his private Christian school, Donda Academy, according to a new lawsuit filed Tuesday. Representatives for Donda Academy, Yeezy, and a lawyer for West did not immediately respond to a request for comment from Business Insider. AdvertisementPhillips was hired shortly after West's business empire began to collapse following his repeated antisemitic comments on social media, in which he claimed he would go "death con 3" on Jewish people. But, despite his public apologies for the remarks, Phillips said West's antisemitic comments and praise of Hitler continued at work, sometimes within earshot of students. "Fearing for their jobs and also to de-escalate Kanye's absurdities (so that the two present school children did not hear), the school staff did their best to ignore him."

Persons: —, Kanye West's, It's, Donda, Trevor Phillips, Ye, West, Hitler, Phillips, Kanye, Pablo, West's, Bill Gates, Carney, Shegerian Organizations: Service, Donda Academy, Business, Yeezy, West, Associates Locations: Paris, California . West

☆ How Stephen King Got Under Their Skin
▼ + stars: | 2024-03-27 | by ( Scott Heller | ) www.nytimes.com time to read: +1 min

MartinAuthor, “A Song of Ice and Fire” seriesI am pretty sure I have read every one of Stephen King’s novels … and most of his short stories and novellas as well. “Pretty sure,” I said, rather than “completely sure.” King has written a lot of novels, and he writes them so fast that I might have missed one or two along the way. If so, it was only because of a lapse of attention, not a lack of interest. There are a handful of writers whose novels, once begun, cannot be put aside. They grab hold of you, and there’s nothing to be done but read, and read, and read, all night and all day, until the tale is done.

Persons: George R.R, Martin, Stephen King’s, ”, King, Kelly, Todd

☆ How real estate's pain could be Wall Street's gain as Blackstone, Goldman, and others dive back in.
▼ + stars: | 2024-03-19 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

That's not to say predictions of a commercial real estate rebound are a sure bet. Here are four signs that support Gray's prediction that the commercial real estate market may be bottoming. (New York Community Bank had previously purchased $2.7 billion in Signature's loans and deposits, but not the real estate loans.) According to David Seifert, partner at private equity real estate firm Velocis, there are some sweet deals to be had in secondary sales of private-equity funds tied to real estate. The road aheadWhere Gray sees signs of bottoming, others think commercial real estate has much further to fall.

Persons: Warren Buffett, Buffett, Paul Getty, Getty, Steve Mnuchin —, Blackstone, Mnuchin, Donald Trump's, George Soros, John Paulson, It's, Jonathan Gray, Jim Garman, That's, Barry Sternlicht, Gray, Tracy Chen, Chen, BGO, secondaries There's, Ares, Brian King, King, David Seifert, Seifert, Velocis, Goldman Sachs, Dan McNamara, McNamara, Scott Rechler, wallop, Janet Yellen, Rechler, there's Organizations: Business, Goldman, Reuters, Starwood, Brandywine Global, Federal Reserve, . Bank, New York Community Bank, FDIC, Signature Bank, Community Bank, Fund Management, Community Preservation, New, Commercial Observer, Blackstone, Homes, Digital Realty, Polpo, RXR Locations: Blackstone, , New York, New York, BREIT, Real, Velocis

☆ Our discipline requires us to trim this tech stock again after 2023 rally powers into 2024
▼ + stars: | 2024-03-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 293 shares of META, decreasing its weighting in the portfolio to 4.5% from 4.98%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Mizuho, Jim Cramer, Jim Organizations: Facebook, Meta, Mizuho, Club, CNBC

NEW YORK (AP) — FTX founder Sam Bankman-Fried's orchestration of one of history's largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge. “His life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money. And even now Bankman-Fried refuses to admit what he did was wrong,” prosecutors wrote. Bankman-Fried was extradited to the United States in December 2022 from the Bahamas after his companies collapsed a month earlier. “Even following FTX’s bankruptcy and his subsequent arrest, Bankman-Fried shirked responsibility, deflected blame to market events and other individuals, attempted to tamper with witnesses, and lied repeatedly under oath,” prosecutors said, citing his trial testimony.

Persons: — FTX, Sam Bankman, Prosecutors, Tom Brady, Larry David, “, Fried, ”, ” “, Judge Lewis A, Kaplan, Marc Mukasey, “ Sam, ” Mukasey, — Locations: Manhattan, ”, United States, Bahamas, Palo Alto , California

☆ Mo Salah sets Liverpool goalscoring record in team’s stunning 11-2 aggregate victory over Sparta Prague
▼ + stars: | 2024-03-15 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —As bad days at the office go, it’s unlikely Sparta Prague will have endured many worse than on Thursday. Things did get slightly better for Sparta – albeit very briefly – as Veljko Birmančević reduced the aggregate deficit to seven goals when he scored just before half-time to make it 4-1 on the night. “We were really, really after them, at them – however you want to call it – and scored wonderful goals. “A long time in my life, I obviously worked for a smaller club – not that Sparta are a small club – but I worked in Germany for a smaller club with Mainz. You can win games, but you need a little bit of help from the opponent – we didn’t give any help [tonight].

Persons: Darwin Nuñez, Bobby Clark, Mo Salah, Cody Gakpo, Birmančević, Liverpool wasn’t, Gakpo, Dominik Szoboszlai, “, ” Klopp, –, ”, Klopp, Salah, ” “ I’ve, Peter Byrne, Brian Priske Organizations: CNN, Europa, Anfield, Liverpool, Sparta, Sparta ”, Press Association Locations: it’s, Sparta Prague, Sparta, Germany, Mainz

☆ Goldman loves these stocks but the rest of Wall Street does not
▼ + stars: | 2024-03-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Investors who take the risk of owning certain unloved stocks could see outperformance down the road, according to Goldman Sachs. This basket of stocks consists of buy-rated names on which the firm's analysts are out of line with the rest of Wall Street. Here are a few of Goldman's differentiated buy names. About a quarter of analysts covering the stock have given it a buy or strong buy rating, according to LSEG. The pet retailer has buy or strong buy ratings from about one-third of Wall Street analysts covering the name, per LSEG.

Persons: Goldman Sachs, Warren Buffett, Goldman, Deep Mehta, Instacart, Petco, Ron Coughlin Organizations: Investors, The New York Times, Citi, Capital, JPMorgan, Petco, Wall Street Locations: 2024E

☆ How Wealthy Investors Got Rich Looting America's Needy Hospitals
▼ + stars: | 2024-03-11 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +21 min

That added to the massive debt burdens already placed on the hospitals by their for-profit owners, deepening their financial woes. In January, MPT reported that its biggest tenant, a nationwide chain of 32 hospitals called Steward, could no longer pay its rent. The core idea was simple: to buy hospital real estate, pocket the lease payments, and use the money to reward investors. The more hospital real estate that MPT buys, the more money it makes in rent payments from the hospitals. But that doesn't mean that MPT's leaders didn't get rich off its hospital deals.

Persons: Leonard Green, Sherman Cahal, Rob Simone, Hedgeye, MPT, Steward —, Justin Simon, Jasper Capital, they've, Ed Aldag, Eddie Lampert's, Eileen Appelbaum, Rosemary Batt, MTP, Marc Rowan, Richard Mortell, Leonard Green couldn't, they'd, Stephen Feinberg, Ralph de la Torre, Steward, Simone, Cerberus, Chandan Khanna, That's, de la, de la Torre, la Torre, Amaral, Aldag, Apollo, Eileen O'Grady, Moody's, didn't, Sen, Chuck Grassley Organizations: Northside Regional Medical Center, Ohio Valley Medical, East Ohio Regional Hospital, Luke's Medical, Glenwood Regional Medical Center, Medical Properties Trust, Jasper, Sears, Bain Capital, Affordable, Cornell University, Business, Third Coast Real Estate Capital, Cerberus, Health Care, Boston Globe, Bloomberg, Getty, Easton Hospital, Local, de la Torre, la, MediaNews, Boston Herald, Prospect, Private, Yale New Haven Health, Yale, Apollo, MPT, SEC, Republican, Senate Finance Locations: Youngstown , Ohio, Ohio, Wheeling , West Virginia, Martins Ferry , Ohio, St, Luke's, Phoenix, Massachusetts, West Virginia, California , Pennsylvania, Texas, Pennsylvania, Louisiana, America, Alabama, MPT, Greater Boston, Steward, Easton, Lehigh, Elizabeth's, Boston, Connecticut, it's

☆ Why are prices still so high? Corporate greed, some say.
▼ + stars: | 2024-03-11 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes there’s another key reason why prices have soared and remained high: Corporate greed. It’s corporate greed.”Nick Rosolino feels businesses won't lower their prices as long as consumers keep spending. “Too many corporations raise prices to pad their profits, charging more and more for less and less,” Biden said. Companies are typically slower to reduce their prices when costs decline than they are to raise prices when their expenses jump. Corporate profits have contributed to inflation, though experts differ on the extent.

Persons: Nick Rosolino, Rosolino, there’s, ”, “ It’s, Nick Rosolino Reluctantly, Joe Biden, “, ” Biden, Cookie Monster, Lael Brainard, Goldman Sachs, Neil Bradley, Heather Vargas, ” Vargas, ” Heather Vargas, Heather Vargas Vargas, –, Kellogg, Gary Pilnick’s, Companies haven’t, Aaron Hackman, McKinley Conner, Aaron Hackman “, Hackman Organizations: CNN, America, White, Economic Council, Federal Reserve, Companies, Federal Reserve Bank of Kansas City, US Chamber of Commerce, of Labor Statistics, “ Locations: Maine, New Gloucester , Maine, Portland, Heights , California, Fort Lauderdale , Florida

☆ Opinion: The one thing Biden and Trump agree on
▼ + stars: | 2024-03-10 | by ( Richard Galant | ) edition.cnn.com time to read: +17 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. That reference to Election Day is perhaps the only line in Trump’s speech that President Joe Biden would agree with. In another America, they would be collegial members of the Presidents Club, bonding over memories of how they overcame their thorniest challenges. “Biden sounded like he’s ready to go toe to toe with former President Donald Trump and win in November. Paul Sracic noted that Biden lost White voters without college degrees by 35 points in 2020.

Persons: CNN — “, Donald Trump, Joe Biden, Franklin D, Biden, …, Lincoln, Roosevelt’s, Trump, Joe Biden’s, ”, Jill Filipovic, Clay Jones, David Gergen, Daniel McCarthy, “, ” “ Biden, Ronald Reagan, Bill Clinton, wasn’t, ” Carrie Sheffield, ” Sheffield, “ Joe Biden, Roxanne Jones, “ Biden, Julian Zelizer, White, Paul Sracic, MAGA, Keith L, Magee, Patrick T, Brown, Dobbs, Roe, Wade, —, Bill Bramhall, Nick Anderson, Manisha Sinha, ” “, Abraham Lincoln, SCOTUS, Anderson, ” Sinha, Frida Ghitis, David Mark, Trump Drew Sheneman, CNN “, Cupp, Hillary Clinton, “ deplorables, ” Cupp, Bill McGuire, Jason Momoa, Ed Mierzwinski, Elena Sheppard, Kara Alaimo, It’s, Euny Hong, Greta Gerwig’s, Sandra, O’Connor, Jason Kelce, Matt Rourke, Jason Kelce’s, Amy Bass, “ Kelce, ” Bass, Jason, ” Dana Summers, Errol Louis, Liam Kerr, Sinema, Richard Salgado, Levinson Moriarty, Celine Song, Greta Gerwig, Barbie, Justine Triet, Alberto Rodriguez, Jaap Buitendijk, Kate Green, “ Oppenheimer, Noah Berlatsky, “ Barbie, “ It’s, ” Berlatsky, Barbie ’, Bradley Cooper’s, Maestro ’, Christopher Nolan’s ‘ Oppenheimer, clichés, Alexander Payne’s ‘, ’ Organizations: CNN, Super, GOP, Trump, Union, Presidents Club, “, Democratic, Twitter, Agency, Tribune, Supreme, Republican Party of, MSNBC, Consumer Financial, US Chamber of Commerce, US, Jason Kelce Philadelphia Eagles, Monday, Pro, Bowl, White, Warner Bros, Everett, Getty Locations: America, Joe Biden’s State, Trump, Washington, United States, Civil, American, New York City, Chicago, Denver, “, Paris, France

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