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☆ Biden promise to rival China on shipbuilding faces a big economic problem
▼ + stars: | 2024-04-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

The Biden administration is correct that China has not played fair. But he said the nations that could rival China in shipbuilding are Asian competitors. Shipbuilding subsequently dropped to around five ships per year, which is approximately the current rate of U.S. shipbuilding. President Joe Biden speaks to members of the United Steel Workers Union at the United Steel Workers Headquarters on April 17, 2024 in Pittsburgh, Pennsylvania. Biden announced new actions to protect American steel and shipbuilding industries including hiking tariffs on Chinese steel.

Persons: Biden, Ben Nolan, Nolan, Reagan, Joe Biden, Jeff Swensen, —, Darron, Wadey, Lloyd, Matson, George Washington, Ronald O'Rourke, O'Rourke Organizations: Mitsui Shipbuilding Co, Taicang Port Economic, Technological, Future Publishing, Getty, CNBC, Shipbuilding, Global, United States, Trade, U.S . Trade, U.S, China's Ministry of Commerce, United Steel Workers, Japan's Nippon Steel, United Steel Workers Union, United Steel Workers Headquarters, Analysts, Matson Shipping, Jones Act, Philly Shipyard, CMA CGM, Matson, United, Maritime Administration, U.S ., Huntington Ingalls Industries, News Shipbuilding, U.S . Navy, U.S Navy, Newport News Shipbuilding, Virginian Pilot, Tribune, Service, Force, warfighting, Navy, Biden, Congressional Research Service Locations: Taicang Port, Suzhou, Jiangsu province, China, U.S, Japan, South Korea, United States, Pennsylvania, Pittsburgh , Pennsylvania, American, Bangladesh, U.S . Virgin Islands, Great, Mississippi, Ohio

☆ Trump turns to his 'old cast' to raise millions for 2024 and the PAC paying his legal bills
▼ + stars: | 2024-03-25 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

The hedge fund founder is hosting a splashy fundraising dinner for Trump April 6 at his house in Palm Beach, Florida. But Paulson is not the only GOP kingmaker who is privately gearing up to help Trump. "It's the old cast coming back together to take it across the finish line," said an advisor to one of Trump's bundlers. Many of these "old cast" members are business leaders who have been close to Trump for years. As for the money going to pay Trump's legal bills, at least some of the people attending the Paulson event don't seem to care.

Persons: Donald Trump, John Paulson, Mike Segar, Trump, Paulson, Republican megadonor Rebekah Mercer, Robert Mercer, Rebekah, Oliver Contreras, Rebekah Mercer, Todd Ricketts, Wilbur Ross, Small Business Administration Linda McMahon, Woody Johnson, Meredith O'Rourke, Susan Necheles, Brendan Mcdermid Organizations: Economic, of New, Reuters Veteran, CNBC, Trump, GOP, Republican, New York, The Heartland Institute, Washington Post, Chicago Cubs, Trump Commerce, Small Business Administration, Trump's, New York Jets, NBC News, Save America PAC, Republican National Committee, America, Former U.S, Reuters Trump Locations: of New York, Manhattan , New York, U.S, Palm Beach , Florida, Palm Beach, Trump, Washington ,, Trump's U.S, United Kingdom, Former, New York City

☆ Beto O'Rourke backs campaign for Michigan Democratic primary voters to vote 'uncommitted' over Biden's handling of Israel-Hamas war
▼ + stars: | 2024-02-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Beto O'Rourke is backing a push for Michigan Democrats to vote "uncommitted" in the February 27 primary. Former Rep. Beto O'Rourke of Texas is endorsing a push for voters in the upcoming Michigan Democratic presidential primary to select "uncommitted" if they're dissatisfied with President Joe Biden's handling of the Israel-Hamas war. AdvertisementMichigan's Democratic presidential primary will be held on Tuesday, Feb. 27. We should have a cease-fire … there should be an end to this war and there should be a negotiated solution to Palestinian statehood," O'Rourke told the outlet. "For whatever legitimate concerns people have about President Biden's response to the war in Gaza, we do know for a fact that, under President Trump, it would be much worse."

Persons: Beto O'Rourke, O'Rourke, Joe Biden's, Biden, Rashida Tlaib, Andy Levin, Dearborn Mayor Abdullah Hammoud, Hammoud, Benjamin Netanyahu, Donald Trump, Biden's, Trump, he's, Netanyahu Organizations: Michigan Democrats, Texas, Michigan Democratic, Michigan Advance, Democratic, Texas Democratic, Rep, Dearborn Mayor, New York Times, Advance, Trump, Michigan, Arab American, Biden Locations: Michigan, Israel, Gaza, United States, American, Dearborn, Detroit

☆ The era of the Magnificent 7 is over, says the analyst who invented the term
▼ + stars: | 2024-02-24 | by ( Aruni Soni | ) www.businessinsider.com time to read: +5 min

It was a good run, but the era of the Magnificent Seven is over for the stock market. "I don't see these seven names rising together," said the analyst who coined the nickname for the group. AdvertisementThe Magnificent Seven are looking a little less magnificent, and aren't really even a band of seven anymore. In a note titled "R.I.P the Magnificent Seven Era," Mike O'Rourke, chief market strategist from Jones Trading, said the group's dominance over the stock market is coming to a close. Back in April 2023, when O'Rourke invented the moniker (although some say it was BofA's Michael Hartnett who coined the term), the Magnificent Seven contributed to a stunning 88% of year-to-date gains.

Persons: —, aren't, Mike O'Rourke, O'Rourke, BofA's Michael Hartnett, Michael Hartnett, That's, it's, " O'Rourke, Tesla, Dan Niles, Satori, Niles Organizations: Service, Jones, Apple, Nvidia, Tesla, Microsoft, Meta, Companies, Satori Fund, Google, CNBC Locations: China

☆ Indonesian President's Son Also Rises, but What Will His Role as New VP Be?
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

Many voters say they were drawn to president-in-waiting Prabowo Subianto's ticket in part because of the ex-commander having Jokowi's eldest son Gibran Rakabuming Raka as his running mate. That puts Gibran on track to be the youngest vice president in Indonesia's history. Gibran's path to the vice presidency has also raised questions about how prepared he is to step up to the national stage, even if the vice presidency is a position with limited power and influence. Past vice presidents have typically tended to play a low-key role, unless given a specific mandate by the president. Jokowi has repeatedly denied he was involved in Gibran's decision to run for mayor, and then for the vice presidency.

Persons: Ananda Teresia, Kate Lamb JAKARTA, Joko Widodo, Prabowo, Gibran Rakabuming Raka, Gibran, Jokowi, Kevin O'Rourke, Gibran's, Suharto, Kanupriya Kapoor, Kay Johnson, Raju Gopalakrishnan Locations: Jakarta, Singapore, Australia, Indonesia

☆ Analysis-Indonesia's Prabowo Poised for Power, but How Will He Rule?
▼ + stars: | 2024-02-14 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

One major question is how well, and for how long, his alliance with outgoing President Joko Widodo, or "Jokowi", will hold. On the campaign trail Prabowo has promised policy "continuity", but analysts say that is far from guaranteed. "Make no mistake a President Prabowo would be his own president." 'UNCERTAINTY' ON THE CARDSIn contrast to Jokowi, Prabowo is from an elite family, the son of a prominent Indonesian economist and the ex-son-law of the country's former authoritarian ruler, Suharto. Once his victory is officially endorsed, Prabowo will assume the controls of Southeast Asia's biggest economy on October 20.

Persons: Kate Lamb JAKARTA, Prabowo Subianto, Prabowo, Long, general's, Joko Widodo, Liam Gammon, Jokowi, Doug Ramage, Gibran Rakabuming Raka, Indonesia's, Kevin O'Rourke, Suharto, “, He's, ANU's Gammon, Gammon, Kay Johnson, Raju Gopalakrishnan Organizations: Defence, Australian National University, ANU, Jokowi, Analysts, Human Rights Watch Locations: Indonesia, Prabowo, BowerGroupAsia, Indonesian, Ukraine, Qatar

☆ Trump says he should be held responsible if the bipartisan border security deal fails: 'Please blame it on me'
▼ + stars: | 2024-01-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Trump said he'd take the blame for the potential collapse of a bipartisan border deal. AdvertisementFormer President Donald Trump on Saturday said he was willing to take responsibility for the potential demise of a bipartisan border deal that's being ironed out in the Senate. AdvertisementTrump in a Truth Social post on Saturday wrote: "A BAD BORDER DEAL IS FAR WORSE THAN NO BORDER DEAL!" House Speaker Mike Johnson of Louisiana on Friday wrote a letter describing the proposed border bill as "dead on arrival" in the lower chamber. Last week, the US Supreme Court voted 5-4 in backing the federal government's power to remove concertina wire along parts of the US-Mexico border.

Persons: Trump, he'd, Biden, —, Donald Trump, Joe Biden, America, Greg Abbott, Ukraine —, Mike Johnson of, Beto O'Rourke, O'Rourke, Abbott Organizations: Service, Biden, Republican, Trump, Ukraine, Democratic, GOP, Texas Democratic, CNN, Republican Party, Senate Locations: Las Vegas, Mexico, Texas, Chicago, Los Angeles , New York, Washington, Mike Johnson of Louisiana

Political Cartoons View All 253 ImagesDemocrats are also encouraged by Texas Republican Sen. Ted Cruz eking out reelection in 2018 by less than 3 percentage points over Democrat Beto O'Rourke. In Florida, meanwhile, Republican Sen. Rick Scott won his seat that year by around 10,000 votes out of 8.1-plus million cast. In Texas, Democratic Rep. Colin Allred of Dallas will have to overcome primary challenger Roland Gutierrez, a state senator from San Antonio, before he can take on Cruz. “Just 'cause they’re the best options they have doesn’t mean they're winnable, doesn't mean they're competitive,” said Texas Republican strategist Matt Mackowiak. National Republicans are eying Ohio, where Democratic Sen. Sherrod Brown was first elected in 2006, and Montana's Jon Tester, also a three-term Democratic incumbent.

Persons: Joe Biden's, West Virginia Democratic Sen, Joe Manchin, Roe, Wade, Dallas, Kate Cox, Texas Republican Sen, Ted Cruz eking, Democrat Beto O'Rourke, Republican Sen, Rick Scott, “, Michigan Sen, Gary Peters, Debbie Mucarsel, Powell, Carlos Curbelo, Colin Allred, Roland Gutierrez, hasn't, O'Rourke, Cruz, ”, Matt Mackowiak, ′, West Virginia . Montana Sen, Steve Daines, Scott, Democratic Sen, Sherrod Brown, Jon Tester, Daines, Trump, Mucarsel, Allred, Cox, I’ve, “ Rick Scott, ” Mucarsel, Biden, “ Debbie Mucarsel, ” Scott, Jonathan Turcotte, Catherine Cortez Masto, can’t, Beto, MacKowiak Organizations: WASHINGTON, —, West Virginia Democratic, Republicans, Texas Republican, Democrat, Republican, Democratic, Democratic Senatorial, West Virginia ., National Republican Senatorial Committee, National Republicans, Senate, GOP, Trump, Texans, Social Security, Biden, Nevada Sen, NFL, Democrats ’ Senate Locations: Texas, Florida, In Florida, Michigan, Miami, In Texas, San Antonio, Cruz . Texas, West Virginia, West Virginia . Montana, Ohio, Illinois , Texas , Michigan, Pennsylvania, Georgia, U.S, Mexico, Ecuador, Washington

☆ Some of the trillions parked in cash may trickle back in to stocks now that the market's rallying
▼ + stars: | 2023-11-15 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

2023: The year of chasing yield Investors historically chase after stock performance, but 2023 has been the year of chasing after yield performance. This year, the combined assets under management at money market funds grew to a record $6 trillion. There have been large inflows into short-term Treasury funds like the Vanguard Short-Term Treasury ETF (VGSH) and, surprisingly, even into long-term Treasury ETFs like the iShares 20+Year Treasury Bond ETF (TLT). Still, some think a large chunk of the money in short-term Treasuries and money markets is "scared money" and will be "sticky." Those institutional investors "Don't want any money in cash because it will lag behind the stock market," he told me.

Persons: Paul McCulley, they're, Mark Lehman, Eric Balchunas, Jeff Seyffart, Alec Young, Steve Sosnick, Jim Besaw, Besaw, Mike O'Rourke, JonesTrading, Matt Maley, Miller Tabak, Chris Murphy Organizations: Federal, CNBC, Citizens JMP Securities, Treasury, Treasury Bond ETF, Bloomberg, Schwab Money Fund, MapSignals, Interactive Brokers, Gentrust, UBS Locations: Susquehanna

☆ Stocks are oversold, but need rates to stabilize before luring back buyers
▼ + stars: | 2023-09-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Stocks are up modestly in early trading Wednesday, but the usual signals of volume spikes and higher volatility are still not present. Yet here we are, with the 10-year at 4.55% yesterday and looking like it wants to get to 5.0% fast. Total equity volume yesterday was 10.4 billion shares, well below the September 2022 average of 11.4 billion, and 3% below the average level even for August, a vacation month. Modest volumes, relatively low volatility with prices down notably means there is no selling panic, but there is a buyer's strike in stocks. They need to see rates come down before they have confidence to buy stocks again."

Persons: Chris Verrone, Morgan, Jamie Dimon didn't, Verrone, You'd, Mike O'Rourke, Neel Kashkari, Here's, I've, Alec Young Organizations: UAW, Jones Trading Locations: China, Minneapolis

☆ Sen. Ted Cruz is worth at least $2.6 million, according to financial disclosures
▼ + stars: | 2023-09-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Heidi Cruz, his wife, is wealthy in her own right too. Advertisement Advertisement Watch:Vice President Mike Pence swears Republican Sen. Ted Cruz of Texas in after his 2018 reelection while Heidi Cruz and their daughters look on. Heidi Cruz also holds at least another $500,001 in her own mutual fund. "In 2022, Sen. Cruz was a member of the Commerce Committee along with 12 other Republicans. Cruz later attacked his neighbors after someone leaked Heidi Cruz's text messages to their neighbors mentioning the trip.

Persons: Sen, Ted Cruz, Cruz, Heidi Cruz, Republican Sen, Ted Cruz of, Trump, Donald Trump, Mike Pence, Alex Edelman, Goldman Sachs, Maria Cantwell, Heidi, Beto O'Rourke, Colin Allred Organizations: Service, Republican, Texas Republican, Senate, Exxon Mobil, Enterprise Products, Senate Commerce Committee, Commerce, Bank of America, Texans, Democratic, NFL Locations: Wall, Silicon, Ted Cruz of Texas, America, Houston, Cancun , Mexico

☆ Why has the stock market been weak lately? It's not mysterious
▼ + stars: | 2023-08-09 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

.SPX 1M mountain S & P 500 1-month Since then, it's been one excuse after another. Everything Tuesday was down about 1.0-1.25% midday, including the equal-weight S & P 500 (RSP) the market-cap weighted S & P 500, the Nasdaq 100 (QQQ), and the small-cap Russell 2000, but most ended down a fraction of a percent. At nearly 5% yield, money market funds are still sucking in money, even with the S & P 500 up 18% this year. I mentioned Monday that money market inflows reaccelerated last week: $21 billion worth of inflows were added, according to Goldman Sachs. "The pace of money market flows reflects a larger apathy towards stock," Todd Sohn from Strategas told clients.

Persons: it's, Moody's, Mike O'Rourke, Dow Jones, Sellers, Harry Whitton, Russell, Goldman Sachs, Todd Sohn, Strategas, David Kelly Organizations: Bank of Japan, Jones Trading, Regional Banking, Nasdaq, Chief Global, Morgan Asset Management Locations: Japan, China, U.S

☆ Long Covid has led to financial hardship for patients, research finds. Experts say these changes can help
▼ + stars: | 2023-07-26 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

O'Rourke herself suffers from long Covid symptoms. "We absolutely have to commit to social support, disability aid, for people living with long Covid" and other chronic illnesses, O'Rourke said. The Urban Institute's research, and feedback from experts, points to three changes that may help bolster social supports for long Covid sufferers. Moreover, people who develop long Covid may have a longer amount of time before they have to return to work. More than a year after contracting Covid, about 18% of those with long Covid still hadn't returned to work, recent study by the New York State Insurance Fund found.

Persons: Meghan O'Rourke, O'Rourke, we're, Long, Michael Karpman, Lisa McCorkell, hadn't Organizations: Urban Institute, Social, Assistance, SNAP, Social Security, Led, Capitol, Urban, New York, Insurance Fund

☆ Friday could offer a once-in-a-year chance to cash in on tech gains
▼ + stars: | 2023-06-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Following on the rebalancing of S & P indexes last week, on Friday the Russell indexes will do their annual rebalancing. FTSE Russell also has a vast suite of products indexed to benchmarks like the small-cap Russell 2000 , the large-cap Russell 1000 , and the Russell 1000 Growth and Value indexes. FTSE Russell estimates that about $12.1 trillion is currently benchmarked to the FTSE Russell indexes. On average, about 12% of the Russell 2000 (about 242 stocks) turns over every year since 2006, according to FTSE Russell. This year, about 15% of the Russell 2000 will turnover, and about 2% of the Russell 1000, according to Wells Fargo.

Persons: Russell, It's, Wells Fargo, Chris Harvey, Mike O'Rourke, Wells Fargo's Harvey Organizations: Russell, Technology, Apple, Microsoft, Nvidia, Investors, Netflix, Google, FTSE Russell, Jones, Amazon Locations: Wells Fargo, Freeport McMoRan .

☆ Stocks are at a new high, but Wall Street’s fear gauge is raising eyebrows
▼ + stars: | 2023-06-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Since the VIX normally is used as a "fear gauge", he noted that was unusual, and asked what might have caused that. Remember, it is a measure of near-term (30-day) activity for S & P 500 put and call options. However, the put/call ratio has been low recently, between 0.7 and 0.8, as traders have been buying calls, betting the market will keep rising. Eric Johnston at Piper Sandler agrees: "The call buying has been very strong as investors chase upside," he told me. The recent events are that the market is rising, so the urge to buy protection declines: "When institutions get nervous, they seek protection in VIX.

Persons: Joe Zicherman, Tuesday's, Matt Maley, Miller Tabak, There's, Mike O'Rourke, O'Rourke, Eric Johnston, Piper Sandler, it's, Danny Kirsch, Steve Sosnick Organizations: Fed, Jones, Interactive Brokers Locations: VIX

☆ Analysis: US debt ceiling deal could stall safety flight fueling megacap rally
▼ + stars: | 2023-05-19 | by ( David Randall | ) www.reuters.com time to read: +5 min

Their rally has been responsible for all of the 8.3% year-to-date gain in the S&P 500 (.SPX) through Wednesday's close, a Deutsche Bank report showed. A recent survey of global fund managers from BofA Global Research showed that 71% believe a deal to raise the debt ceiling will be reached before the X-date. Excitement over artificial intelligence, which has boosted some megacap names this year, is another factor that could support the category. At the same time, the debt ceiling has been only one of of several worries weighing on the market. Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, expects lawmakers will reach an agreement to extend the debt ceiling through September.

☆ Gun-loving Texas, where most households own a firearm, has become an epicenter of mass shootings
▼ + stars: | 2023-05-17 | by ( Emma Tucker | ) edition.cnn.com time to read: +23 min

CNN and the GVA define a mass shooting as a shooting that injures or kills four or more people, not including the shooter. They argue that more firearms and higher gun ownership increases public safety – a stance that continues to be at odds with gun violence experts and data. The area around the Robb Elementary School signs has become a memorial dedicated to the victims of the May 24 mass shooting. Mass shootings are just a piece of that, and the strategies that we’re laying out will impact mass shootings. They’ll also impact a lot of other types of gun violence and that’s absolutely critical to saving lives,” Horwitz said.

☆ Biden set to address White House Correspondents Dinner
▼ + stars: | 2023-04-29 | by ( Maegan Vazquez | ) edition.cnn.com time to read: +9 min

But undoubtedly, a White House official told CNN, his speech will address the issue of wrongfully detained Americans abroad. US President George W. Bush, left, waves with impressionist Steve Bridges at the White House Correspondents' Dinner in 2006. Roger L. Wollenberg/Pool/Getty Images The White House Correspondents' Dinner is held in 1923. It was started two years earlier by the White House Correspondents' Association, the organization of journalists who cover the president. Roosevelt was congratulating Brandt for winning the first Raymond Clapper Memorial Award, which was given by the White House Correspondents' Association for distinguished reporting.

☆ Wall St Week Ahead Recession worries simmer beneath US stock market rally
▼ + stars: | 2023-04-28 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, April 28 (Reuters) - Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes edge higher. Beneath the surface, however, areas of the market tied to economic sentiment such as transports, semiconductors and small-cap stocks dropped in April, while so-called defensive sectors are outperforming. “People are starting to more defensively position themselves,” said Aaron Dunn, co-head of the value equity team at Eaton Vance. "They are talking about demand being down and they are ridiculously important shipping companies,” said Matt Maley, chief market strategist at Miller Tabak. Reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ S&P 500 is in a modest uptrend, but low volumes and reduced volatility have traders in a funk
▼ + stars: | 2023-04-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Good news: The S & P 500 is in a modest uptrend. The S & P 500 is up 7% since bottoming at the height of the banking crisis March 13th. The main focus of volatility, the CBOE Volatility Index (VIX), hit a 15-month low on Wednesday. "The January 2022 trough in the VIX marks the current all-time high for the S & P 500. Julian Emanuel at Evercore ISI noted that as of Tuesday night, 44 companies in the S & P 500 had reported.

☆ Succession's huge plot twist is more realistic than you'd think – the departure of a powerful CEO like Logan Roy really can cause wild share price swings
▼ + stars: | 2023-04-15 | by ( Ryan Hogg | George Glover | ) www.businessinsider.com time to read: +5 min

There's real-life precedent that shows why a CEO can cause huge share price swings when they depart. He was portrayed as an omnipotent boss of the group, reflected in a cratering share price upon his death in the episode that aired April 9. But there is real-life precedent for a company's share price collapsing on news of a powerful CEO's ill-health. The power of Logan RoyThere are downsides to a stock being so closely linked to a powerful CEO like Jobs, Musk, or Roy. Indeed, there have been examples of a share price rally following the death of a CEO, because investors see it as a company decoupling from a deadweight boss.

However, the major benchmarks shed gains quickly, briefly turning lower, as investors focused on underlying inflation pressures which rose in line with economists' estimates. US inflation, Fed rates and MarketsRichmond Fed President Thomas Barkin also poured cold water on market optimism after flagging that there was still time before inflation falls back to the Fed's 2% goal. San Francisco Fed President Mary Daly said there was "more work to do" on Fed rate hikes. Among the 11 major S&P sectors, consumer discretionary (.SPLRCD) was the worst hit, while materials (.SPLRC) and healthcare (.SPXHC) were the top gainers. Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Clarence Thomas' billionaire benefactor Harlan Crow has also spent thousands boosting Ted Cruz, Marco Rubio, and an anti-Trump super PAC
▼ + stars: | 2023-04-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

They include Marco Rubio's 2016 presidential campaign, major Senate campaigns, and an anti-Trump PAC. The Texas billionaire also gave $50,000 in 2015 to "Right to Rise," a super PAC associated with Jeb Bush. Senate super PAC spendingIn addition to being a major super PAC spender at the presidential level, Crow has given thousands to outside spending groups supporting the party's Senate candidates over the years. He also gave $50,000 to "Show Me Values PAC," a super PAC set up to prevent the scandal-plagued former Gov. And in 2016, he gave $55,000 to "Let America Work," a super PAC boosting Sen. Ron Johnson against former Democratic Sen. Russ Feingold.

☆ Stocks are rising, but megacap tech is doing most of the heavy lifting
▼ + stars: | 2023-03-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

It's starting to look a lot like 2021 in the stock market. Tech stocks are dragging all the indexes up, just like 2021. The technicians seem to be happy, because the S & P is again showing a pattern of higher highs and higher lows that began in October. Most of this has been driven by the stunning performance in megacap tech. Megacap tech this quarter: NVIDIA up 80% Meta up 67% Tesla up 53% Those seven megacap tech companies are responsible for most of the gains for the S & P 500 this year.

☆ Construction leaders are using technology to help push the boundaries of possibility
▼ + stars: | 2023-03-23 | by ( Sponsor Post | Created Insider Studios With Lenovo | ) www.businessinsider.com time to read: +7 min

Leading construction company Laing O'Rourke has been at the cutting edge of building innovation for decades. Construction company Laing O'Rourke is delivering some of the world's most complex and challenging building and infrastructure projects. Leading construction innovationFor decades, Laing O'Rourke has invested in technology and innovation. Lenovo's technology was a critical enabler for many of the Laing O'Rourke projects above. To this end, Laing O'Rourke has also invested in Lenovo's ThinkReality and Mirage headsets.

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