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☆ Here's how to avoid getting 'hammered' on inherited individual retirement account taxes, experts say
▼ + stars: | 2024-05-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Inherited individual retirement accounts can be a financial boost for heirs, but the windfall can trigger tax issues, experts say. Withdrawals from pretax inherited IRAs incur regular income taxes. Since 2020, certain heirs can no longer "stretch" retirement account distributions over their lifetime to reduce yearly taxes. Now, certain heirs, including most adult children, must deplete inherited accounts within 10 years, known as the "10-year rule." While only about 20% of May's clients have inherited IRAs, she expects more heirs to face the tax-planning issue as baby boomers age.

Persons: IRAs, Ed Slott, Roth, Slott, JoAnn May Organizations: Finance, IRS, Asset Management Locations: Berwyn , Illinois

☆ The stock market's sell-off is over and the Fed gave 5 bullish signs to investors at its latest meeting, Fundstrat's Tom Lee says
▼ + stars: | 2024-05-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The sell-off that battered stocks in April probably won't stretch into May, according to Fundstrat's Tom Lee. AdvertisementThe stock market's sell-off could be over, and five bullish signals the Fed gave at its latest policy meeting are setting the stage for gains in May, according to Fundstrat's head of research Tom Lee. Investors are now pricing in a 69% chance the Fed could rate rates once or twice by the end of the year, according to the CME FedWatch tool. Stock investors have already perked up on a brighter outlook for Fed rate cuts this year. Stocks reacted positively to the Wednesday Fed meeting.

Persons: Tom Lee, Lee, —, Powell, presser, Stocks Organizations: Service, Markets, Fed, stagflation, Investors

☆ Former British PM Theresa May to stand down at next election
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: +1 min

Former British Prime Minister Theresa May will not stand for re-election to parliament, she said on Friday, becoming the latest member of the governing Conservative Party to signal their departure from frontline politics later this year. May became prime minister in 2016 after then-leader David Cameron quit in the wake of Britain's shock vote to leave the European Union. She was selected by her Conservative Party peers to implement the unprecedented decision, for which her predecessor had left no blueprint. May told her local newspaper, the Maidenhead Advertiser, that since stepping down as prime minister she had spent an increasing amount of time on global issues, such as seeking to tackle modern slavery and human trafficking. Since leaving office she has remained a member of parliament for her constituency in south-east England.

Persons: Theresa May, David Cameron, May's Organizations: British, Conservative Party, European Union, Maidenhead Advertiser, Brexit Locations: England

☆ Inside the rocky marriage of hedge funds and top AI talent
▼ + stars: | 2024-02-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +11 min

AI researchers have struggled with hedge funds' culture around proprietary secrets, which goes against the open-source philosophy foundational to AI and academia. Some recruiters, including Michael Stover, are seeing double- and triple-digit growth in AI hiring among hedge funds and prop-trading firms. For heads of AI, he said, hedge funds are dishing out a minimum of $1.5 million in total comp. But perhaps the top reason hedge funds are interested in the technology is that AI capabilities are bait in the war for investing talent. It's one of the few large US hedge funds without an executive or centralized team dedicated to AI or machine learning.

Persons: Ken Griffin's Citadel, Li Deng, Deng, Ken, Ken Griffin, Michael Stover, Stover, ExodusPoint, Balyasny, Agni Ghosh, Stott, isn't, Sumeet Chabria, Conor Twomey, Tim Mace, Mace, May's Ghosh, it's, They're, Peter Finter, Finter, That's, Ghosh, you've Organizations: Microsoft, Business, Citadel, Milken Institute, Reuters, Millennium Management, Bloomberg, Balyasny Asset Management, Man, Bank of America, Wall, Wall Street, Tech, Google Locations: Chicago, Seattle, Beverly Hills , California, London, San Francisco, Silicon Valley, Wall

☆ How Trump's 'I'm rich!' boasts are coming back to bite him in court
▼ + stars: | 2024-02-02 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

The day before awarding Carroll $83.3 million in damages — Trump's penance for calling her a lying "whack job" when she told the world he'd sexually assaulted her — jurors heard, firsthand, how rich he was. AdvertisementTrump's "I'm rich" boasts hurt him in both the Carroll verdict and the upcoming fraud trial verdict, Snell said. Punitive damages in defamation cases are supposed to have a deterrent effect, to stop the defamation from happening again. AdvertisementTrump's wealth also illustrates why the jury imposed enormous punitive damages compared to the $18.3 million to compensate Carroll. The Carroll jury also heard Trump boast about the value of his "brand."

Persons: Donald Trump's, Jean Carroll, Donald Trump, Carroll, Roberta Kaplan, Trump, Letitia James, I'm, Tristan Snell, General's, Snell, Trump's, —, Kaplan, J, Erik Connolly, Connolly, Stephanie Keith, There's, We've, that's, Forbes, Timothy A, Clary, didn't, Chris Mattei, Alex Jones, Mattei, Arthur Engoron, Engoron Organizations: Carroll, Trump, New York Attorney, New, New York, Trump University, Disney, Benesch, NEW, Manhattan Federal Court, E, MSNBC, Trump Organization, Forbes, Bloomberg, Getty Locations: Manhattan, Smartmatic, New York City, AFP, New York

☆ Tesla's board faces a 'tornado situation' after Elon Musk's $55 billion pay package was struck down, analysts say
▼ + stars: | 2024-02-02 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Tesla's board is at a crossroads after a hefty pay plan for Elon Musk was rejected, analysts said. After the Delaware ruling, Musk announced a shareholder vote to move Tesla's incorporation to Texas. AdvertisementTesla's board has its work cut out for it following a judge's surprise ruling against Elon Musk's massive payday, analysts said. "It now creates a tornado situation for Tesla's Board in the next move, with [Wall] Street closely watching this poker move and potential statement," the report said. "Musk is Tesla and Tesla is Musk," Dan Ives, managing director at Wedbush, told Business Insider.

Persons: Elon Musk, Musk, —, Tesla, Kathaleen McCormick, Wedbush, Dan Ives, Ives Organizations: Elon, Tesla, Service, Wedbush Securities, Board, Company, Investors, Reuters Locations: Delaware, Texas, Tesla

☆ Wolfe Research says investors are too optimistic and sees the S&P 500 dropping 8% in 2024
▼ + stars: | 2023-12-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

If this year's early Santa Claus rally is any indication, investors may be getting too optimistic about the prospects of a rate cut early next year, according to Wolfe Research. The Dow Jones Industrial Average and S & P 500 hit fresh year-to-date closing highs on Friday. .SPX YTD mountain S & P 500 YTD chart Investors have been sending stocks flying on the back of expectations that the Federal Reserve will adopt more dovish policy next year. Senyek's base line scenario for 2024 sees these factors bringing the S & P 500 to 4,250 by year-end 2024, implying about an 8% drop. His bull case takes the S & P 500 up to 4,995 for a 9% gain, while his bear case calls stocks to plunge 22% to 3,565.

Persons: Santa Claus, Chris Senyek, Senyek Organizations: Wolfe Research, Dow Jones Industrial, Federal Reserve, Traders, pharma Locations: Santa, U.S

WASHINGTON (AP) — The Supreme Court is hearing arguments in a challenge to the Securities and Exchange Commission's ability to fight fraud, part of a broad attack on regulatory agencies led by conservative and business interests. Circuit Court of Appeals ruled in favor of Jarkesy and his Patriot28 investment adviser group on three separate issues. And it said laws shielding the commission’s administrative law judges from being fired by the president are unconstitutional. Jarkesy's lawyers noted that the SEC wins almost all the cases it brings in front of the administrative law judges but only about 60% of cases tried in federal court. A decision upholding the 5th Circuit's ruling could sweep far more broadly, calling into question the authority of administrative law judges at numerous federal agencies, the Justice Department said.

Persons: Biden, George R, Jarkesy, ”, Jennifer Walker Elrod, Andrew Oldham, Elrod, George W, Bush, Donald Trump, Eugene Davis, Ronald Reagan Organizations: WASHINGTON, Securities, Exchange, SEC, Circuit, Oldham, Justice Department Locations: New Orleans

NEW YORK (AP) — Have a Google account you haven't used in a while? WHY IS GOOGLE DELETING INACTIVE ACCOUNTS? Existing subscriptions set up through your Google account, including profiles for third-party apps and publications, can also account for activity. Only personal Google accounts that haven't been used for two years or more will be impacted under this inactive-account update. Beyond keeping your Google account active, there's a few tools to help manage and backup your data.

Persons: haven’t, —, haven't Organizations: Google, Associated Press

☆ Asking prices of UK homes fall by most in five years, Rightmove says
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 13 (Reuters) - Asking prices for homes in Britain have fallen at their fastest pace in five years for the time of year, property website Rightmove said on Monday, underscoring how rising borrowing costs have caused a housing market slowdown. Average asking prices for homes fell by 1.7% between Oct. 8 and Nov. 4, a bigger fall than is typical for the pre-Christmas period, Rightmove said. "Buyers are still out there, but for many their affordability is much reduced due to higher mortgage rates," Rightmove director Tim Bannister said. Rightmove said asking prices were 3% below May's peak while agreed sales were 10% below their pre-pandemic level in 2019, a less severe fall than in the month to early October. There were signs that the shortage of homes for sale was easing with properties for sale only 1% behind their 2019 level, it said.

Persons: Rightmove, Tim Bannister, William Schomberg, Andy Bruce Organizations: Bank of England, Thomson Locations: Britain

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ 'Spider-Man 2' reveals Peter Parker's mortgage rate, so I asked brokers if he got a good deal in the new PS5 game
▼ + stars: | 2023-10-25 | by ( Paul Squire | ) www.businessinsider.com time to read: +5 min

In the new "Spider-Man 2" Playstation 5 game, the mortgage on Aunt May's house is revealed. Fans online are losing their minds over the eye-watering sum, but is our favorite web-slinging superhero's mortgage loan really that bad? During one scene in the new video game, Parker and his flame, MJ Watson, return to Aunt May's house in Forest Hills. AdvertisementAdvertisementThe game's developer, Insomniac, thankfully gave us a hand in figuring out what kind of loan Peter is facing. Angelo Gionis, senior vice president at Contour Mortgage, told Insider that while he wouldn't say it was a super deal, Spider-Man's mortgage was fair — if it was actually a second mortgage Aunt May took out.

Persons: Peter Parker, May's, —, Parker, MJ Watson, Aunt May's, Peter, Aunt May, Rafael Reyes, Reyes, Angelo Gionis, Gionis, there's Organizations: realtors, Service, New, Cross Country Mortgage, Contour Mortgage, Reserve Locations: NYC, Queens, New York City, Forest Hills

☆ India's fiscal position remains solid, headline inflation to stay within target - ministry
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

A labourer carries a sack at a wholesale market in the old quarters of Delhi, India, June 7, 2023. REUTERS/Anushree Fadnavis/File photo Acquire Licensing RightsNEW DELHI, Oct 23 (Reuters) - India's fiscal position remains solid with steady revenue growth, and headline inflation is likely to remain within the target band, the government said on Monday. "Rationalisation of revenue expenditure has enabled the front-loading of capital expenditure while keeping the market borrowing programme tied to the budgeted target," the report said. Headline inflation was also likely to remain within the target band, the report said, due to the downward trajectory observed in core inflation. While sluggish global demand is affecting India's trade, this is projected to recover in the second half, said the report adding that India's forex reserve position is "comfortable" and external account "robust".

Persons: Anushree, Downside, Nikunj Ohri, Shilpa Jamkhandikar, Christopher Cushing, Mike Harrison Organizations: REUTERS, Reuters, Thomson Locations: Delhi, India, DELHI

WASHINGTON (AP) — Last year, a teenager in a small Michigan town killed himself after an online chat turned to demands that he pay money to keep intimate photos secret. He was one of dozens of people targeted online by two men extradited from Nigeria to face charges, FBI director Christopher Wray said Saturday. The arrests came after the FBI joined with police in Michigan to investigate the death of 17-year-old Jordan DeMay, one thousands of American teenagers targeted in a sharp rise in online “sextortion” cases in recent years. He was preparing to go a trip to Florida with his father the night before his death, she said. HIs family has since spoken out about his death, urging other parents to talk with their kids about “sextortion” schemes.

Persons: Christopher Wray, Jordan DeMay, “, ” Wray, Wray, DeMay, Samuel Ogoshi, Samson Ogoshi, Samuel Ogoshi's, Samson Ogoshi's, Jennifer Buta Organizations: WASHINGTON, —, FBI, Associated Press, International Association of Chiefs, Police, U.S Locations: Michigan, Nigeria, U.S, Jordan, Upper, Marquette County, Lagos, Ivory Coast, Florida

NEW YORK (AP) — Fiction originally written in Vietnamese, Polish and French and poetry in German and Arabic are among this year's finalists for National Translation Awards. On Wednesday, the American Literary Translators Association announced lists of six finalists in prose and poetry, with winning translators in each category receiving $4,000. In prose, nominees include Thuân's novel “Chinatown,” translated from Vietnamese by Nguyễn An Lý; Mikołaj Grynberg's “I’d Like to Say Sorry, But There’s No One to Say Sorry To,” translated from Polish by Sean Gasper Bye; and Monique Ilboudo's “So Distant from My Life,” translated from French by Yarri Kamara. The other prose finalists are László Krasznahorkai's “Spadework for a Palace," translated from Hungarian by John Batki; B. Jeyamohan's “Stories of the True,” translated from Tamil by Priyamvada Ramkumar; and Sheela Tomy's debut novel “Valli," translated from Malayalam by Jayasree Kalathil. Political Cartoons View All 1206 Images

Persons: Sean Gasper, Monique Ilboudo's “, Yarri Kamara, John Batki, Priyamvada Ramkumar, Sheela Tomy's, “ Valli, Jayasree Kalathil, Nelly Sachs, ”, Joshua Weiner, Linda B, Parshall, Phoebe Giannisi's “, Brian Sneeden, Wong, Iman Mersal's “, Robyn Creswell, Venus Khoury, Ghata's, Marilyn Hacker, Ananda Devi's “, Kazim Ali Organizations: Translators Locations: Tamil

☆ What Thailand's new coalition government means for the cannabis market
▼ + stars: | 2023-10-10 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +6 min

In June 2022, the Southeast Asian nation became the first in Asia to decriminalize the cannabis plant, allowing it to be grown and consumed freely. Deputy Prime Minister Anutin Charnvirakul, leader of the Bhumjaithai party and one of Srettha's coalition partners, was a key figure responsible for legalizing recreational cannabis. Currently, many outlets claim to be medical cannabis platforms but they often prioritize profits rather than patient health, a number of clinics told CNBC. "This could foster a more positive perception of the cannabis industry among the public, and for the industry to sustain in the long run," Jintana said. "The prospect of exporting cannabis products to legal foreign markets aligns with Thailand's medical hub policy propelling both medicinal cannabis and other traditional herbs to the forefront," said Jintana.

Persons: Dimas Ardian, that's, Srettha Thavisin, Soratat, Srettha, hasn't, Soratat Pongsangiam, Sornkanok, Anutin Charnvirakul, Anutin, Jintana Manorompatrasal, Jintana, May's Organizations: Bloomberg, Getty, Greenhead, Reuters, Greenhead Clinic, Bangkok's Chulalongkorn University, Deputy, CNBC, Sawasdee Clinic Locations: San, Bangkok, Thailand, Asia, Phuket, U.S

☆ Look for companies that have strong free cash flows, says Evans May's Elizabeth Evans
▼ + stars: | 2023-09-28 | 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 EmailLook for companies that have strong free cash flows, says Evans May's Elizabeth EvansHosted 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: Evans, Elizabeth Evans, Brian Sullivan, “ Organizations: CNBC

☆ India to hold top spot for economic growth but risks to downside remain: Reuters poll
▼ + stars: | 2023-09-27 | by ( Milounee Purohit | ) www.reuters.com time to read: +4 min

After a stellar 7.8% expansion last quarter, economic growth was expected to moderate to 6.4% this quarter and then drop to 6.0% in the October-December period before slowing to 5.5% in early 2024. "A lot of the drivers that drove the really strong growth from the middle of 2021 to last year have been exhausted. A weak external backdrop is weighing on Indian economic growth as well as sluggish private consumption and sluggish investment." A majority of economists, 22 of 36, who answered an additional question said the risks to their FY 2023/2024 GDP growth forecasts were skewed to the downside. Government measures should cool food prices in the coming months, but rising oil prices will likely place upward pressure on headline inflation."

Persons: Narendra Modi's, we're, Miguel Chanco, Alexandra Hermann, Milounee Purohit, Sujith Pai, Anant Chandak, Veronica Khongwir, Jonathan Cable, Sharon Singleton Organizations: Pantheon, Reserve Bank of India, That's, Oxford Economics, Thomson Locations: BENGALURU, India, Asia

☆ The full moon has different names for each month. Here's the meaning and origin for the whole lunar calendar.
▼ + stars: | 2023-09-26 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

The next full moon will be a harvest moon, rising on September 29. AdvertisementAdvertisementSeptember: harvest moon, "corn moon," "barley moon"Amish people harvest corn in Maryland. A harvest moon sometimes occurs in October (the moon doesn't follow the Gregorian calendar), but it's always the full moon closest to the autumnal equinox. The next worm moon: March 25, 2024April: "pink moon," "sprouting grass moon," "egg moon," "fish moon"Wildflowers along the California coastline in Big Sur at sunset. AdvertisementAdvertisementThe next seasonal blue moon: August 19, 2024The next monthly blue moon: August 19, 2024

Persons: It's, —, Patrick Hartigan, Mark Wilson, it's, Shamil Zhumatov, Eddie Keog, what's, Jeff R Clow, Andy ClarkREUTERS, John Moore, Mike Segar, Charlie Baker, Brian Snyder, that's, Mike Blake, Toby Talbot, Mead, Toby Melville Deer, Matt Balazik, Steve Helber, Champlain, Paul Hanna Supermoons, Andrew Lichtenstein Organizations: Service, Rice University, Reuters, North, Getty, Beavers, REUTERS, Former, NASA, AP, Astronomical Union Locations: Maryland, Moscow, Russia, North America, Europe, New England, Superior, Colonial, Stokenchurch, England, Lake Louise , Alberta, Irvington , New York, Former Massachusetts, Hollis Hill, Fitchburg , Massachusetts, Algonquin, California, Big Sur, Calais , Vermont, Richmond Park, London, Britain, Alaska, James, Charles City , Virginia

☆ Thailand's new prime minister boosts optimism, but his populist policies pose fiscal risks
▼ + stars: | 2023-09-25 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +6 min

Srettha Thavisin, Thailand's prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Srettha, Pheu Thai's choice for leader, was appointed prime minister on Aug. 22 — the same day that former prime minister and Pheu Thai founder Thaksin Shinawatra returned to Thailand after 15 years of self-exile. watch nowThe prime minister also pledged to relieve the country's debt problems. "PM Srettha will slowly implement Pheu Thai's populist economic policies as he has to meet public expectations," said Dusadeeisariyakul. Other experts warned against overthinking the fiscal damage since many of Pheu Thai's populist pledges may not materialize.

Persons: Srettha, Valeria Mongelli, Srettha Thavisin, Pheu, Thaksin Shinawatra, Thaksin's, Pimrapaat Dusadeeisariyakul, Friedrich Naumann, Thaksin, Stratfor, Fitch, Teerasak Siripant Organizations: Thai, Bloomberg, Getty, Pracharat Party, United Thai Nation Party, Bhumjathai Party, Friedrich, Friedrich Naumann Foundation, Fitch, Bower Group Locations: Bangkok, Thailand, Thai

☆ Syrians feel growing pressure from Turkey's anti-migrant political wave
▼ + stars: | 2023-09-22 | by ( Burcu Karakas | ) www.reuters.com time to read: +4 min

[1/4] Adem Maarastawi, a 29-year-old Syrian activist, poses after an interview with Reuters in Istanbul, Turkey September 12, 2023. Hardship caused by Turkey's rampant inflation and anti-migrant rhetoric motivated his decision. DEADLINE TO MOVEAdem Maarastawi, a 29 year-old Syrian activist working in Istanbul, is registered in central Turkey's Kirsehir province. "Anti-migrant rhetoric is likely to rise before the March elections," said Deniz Sert, associate professor of international relations at Ozyegin University. Local government expert Ali Mert Tascier said opposition parties are likely to use anti-migrant rhetoric, with municipalities being the main players in managing migrants.

Persons: Adem Maarastawi, Dilara, scapegoated, Deniz Sert, Ali Mert Tascier, Tayyip Erdogan, Erdogan, Osman Nuri Kabaktepe, Maarastawi, Burcu Karakas, Daren Butler, William Maclean Organizations: Reuters, REUTERS, Authorities, Ozyegin University . Local, Erdogan's AK Party, Thomson Locations: Istanbul, Turkey, Istanbul ISTANBUL, Syria, Europe, Turkish, Belgium, Sanliurfa, Turkey's Kirsehir

☆ Analysis: EU, Italy talk tough on migration but action won't be easy
▼ + stars: | 2023-09-19 | by ( Alvise Armellini | ) www.reuters.com time to read: +6 min

[1/5] An Italian Coast Guard vessel carrying migrants rescued at sea passes between tourist boats, on Sicilian island of Lampedusa, Italy. Well over 10,000 migrants reached the Italian island - whose permanent population is about 6,000 - last week. Lampedusa sits in the Mediterranean between Tunisia, Malta and the larger Italian island of Sicily and is a first port of call for many migrants seeking to reach the EU. In 2020, it was discontinued as other EU nations balked at Italian requests to have them redistributed around the bloc. Other EU states have not commented publicly on the idea of a naval blockade, which Italy says would also need the consent of North African states.

Persons: Yara, Sophia, Giorgia Meloni, Lampedusa, Meloni, Ursula von der Leyen, Ferruccio Pastore, Pastore, von der Leyen, Maurizio Ambrosini, Jan Strupczewski, Gavin Jones, Janet Lawrence Organizations: Italian Coast Guard, EU, European Union, European, International, European Forum, Research, Immigration, Human, Reuters, Dublin, University of Milan, Thomson Locations: Lampedusa, Italy, North Africa, ROME, Tunisia, Malta, Sicily, Europe, Albania, Italian, Rome, Tirana, France, Austria, Dublin, EU, Germany, Brussels, repatriations

NEW YORK (AP) — The National Book Awards dropped Drew Barrymore as the host for this year's ceremony on Tuesday, a day after her talk show taped its first episode since the Hollywood writers strike began. “The National Book Awards is an evening dedicated to celebrating the power of literature, and the incomparable contributions of writers to our culture," the organization said in a statement. “I think first and foremost, this is obviously way bigger than just ‘The Drew Barrymore Show’ and writers. Barrymore drew criticism from members of both guilds for crossing the picket line. When Barrymore was announced as host of this year's National Book Awards, scheduled for Nov. 15, the chair of the National Book Foundation's board of directors lauded her work championing books.

Persons: Drew Barrymore, “, ” Chelsea White, ’, Barrymore, ”, Ted Sarandos, Oprah Winfrey, ” David Steinberger, Winfrey, Ms, John Carucci, Ryan Pearson Organizations: Hollywood, Foundation, CBS, American Federation of Radio, Television Artists, WGA, MTV, Netflix, May's PEN, PEN, Associated Press Locations: hollywood

REUTERS/Brendan McDermid Acquire Licensing RightsLONDON, Sept 8 (Reuters) - Rising U.S. business bankruptcies may raise a red flag in what otherwise appears like an economy now impervious to rising interest rates. Commenting on the numbers, insolvency research organisation ABI blamed elevated interest rates, price inflation and a resumption of student loan payments as just some of the headwinds causing stress. That partly mirrors some of built-in household resilience to rising rates related to long-term fixed-rate borrowings and still-high cash savings that now earn significantly higher rates of interest now too. And that 10% - accounting for more than 60% of index market cap - had seen no rise in net interest payments so far in the Fed campaign. But creeping insolvencies among the smaller firms - many of whom have been dubbed 'zombies' for years due to their survival solely on low interest rates - may be a better reflection of what's starting to happen at the coalface of the economy.

Persons: Brendan McDermid, Albert Edwards, Edwards, Andrew Lapthorne, Russell, NFIB, Mike Dolan, Josie Kao Organizations: New York Stock Exchange, REUTERS, Yellow Corp, P Global Market Intelligence, Reuters, Societe Generale, Fed, National Federation of Independent Business, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, midyear

☆ Hot girl summer could lead the way into a recession-less fall
▼ + stars: | 2023-08-26 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Local economies across the US are enjoying the boost brought by women's spending this summer. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. He also added that the pay gap between women and men is the narrowest it's ever been, especially among younger generations. Overall, Fortune estimated, the economy could benefit by about $3.1 trillion if women were afforded more opportunities and equity was increased. AdvertisementAdvertisementChevalier-Jordan said many women are in a good position to assume more power in spending as their rate of higher education completion rises.

Persons: Taylor Swift's, Forbes, —, Swift, Curt Long, National Business Capital Brian Chevalier, Jordan, Chevalier, we've, Beyoncé, Taylor Swift Organizations: Service, National Association of, CNBC, National Business Capital, — Fortune, Fortune Locations: Wall, Silicon, Cincinnati , Ohio, Sweden

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