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☆ Immigrant workers are helping boost the U.S. labor market
▼ + stars: | 2024-05-03 | by ( Kate Rogers | ) www.cnbc.com time to read: +1 min

The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of immigrant workers for overall future economic growth. Immigrant workers made up 18.6% of the workforce last year, a new record, according to Bureau of Labor Statistics data. Despite the U.S. adding fewer-than-expected jobs in April, the labor force participation rate for foreign-born workers ticked up slightly, to 66%. "We don't have enough workers participating in the labor force and our birth rate has dropped down 2% last year from 2022 to 2023.

Persons: Jennie Murray, Phillip Swagel, Swagel Organizations: Federal, of Labor Statistics, Workers, National Immigration, Congressional Locations: America

☆ Stocks making the biggest moves after hours: Paramount, NXP Semiconductors, Chegg, F5 and more
▼ + stars: | 2024-04-29 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The news comes as Paramount posted per-share earnings of 62 cents, topping the 36 cents anticipated by analysts polled by LSEG. First-quarter earnings of 24 cents per share surpassed an estimate of 11 cents per share from Factset. Second-quarter earnings and revenue guidance also came in better than expected. F5 — The application security cloud company dropped 9% after F5 issued disappointing third-quarter revenue guidance of $675 million to $695 million, compared to the $695 million LSEG consensus estimate. Second-quarter revenue of $681 million also missed the $685 million anticipated by analysts.

Persons: Bob Bakish, LSEG, Chegg, Medifast, Coursera, Woodward, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler Organizations: Paramount, CBS, LSEG, Sensata, Elliott Investment Locations: LSEG ., Factset .

☆ I'm a sniper in the US Army, and Hollywood doesn't show you the hardest part of my job
▼ + stars: | 2024-04-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Phillip Cho, a US Army sniper in the 11th Airborne Division based in Alaska. At sniper training, we focus on things like range estimation, target detection, and precision marksmanship, the last of which is the most heavily portrayed aspect in Hollywood movies. For me, the easiest part is probably shooting because I was already a good shot before I became a sniper. AdvertisementIn Week 3 of U.S. Army Sniper School, 35 students participate in the ghillie wash, which is designed to test the strength and durability of the suits as well as weather them. The MK-22 Precision Sniper Rifle sights view a target on the range at Joint Base McGuire-Dix-Lakehurst, New Jersey, Oct. 22, 2023.

Persons: —, Phillip Cho, It's, Carrillo, you'd, Patrick A, Albright, Cho, Staff Sergeant Phillip Cho, I've, Michael Schwenk Organizations: Service, US Army, 11th Airborne Division, Business, Spc, U.S . Army Sniper School, Army, Maneuver, Excellence, Fort Benning Public Affairs, Staff, Winchester, Base McGuire, Dix, U.S . Army National Guard Locations: Alaska, Hohenfels, Germany, U.S, Lakehurst , New Jersey

☆ The Masters: Scottie Scheffler is flying, but will leave tournament ‘at a moment’s notice’ if wife goes into labor
▼ + stars: | 2024-04-12 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —In his current form, it almost feels like nothing can stop Scottie Scheffler from clinching his second Masters crown – yet the world No. Speaking after his historic win, Scheffler dished out special praise to his support system at home in Dallas. Scheffler kisses his wife Meredith after clinching his first major title at Augusta National in 2021. David J. Phillip/APBurns joins Scheffler on baby watchScheffler isn’t the only player on baby alert – so too is friend and this week’s roommate Sam Burns. Phil Mickelson’s caddie Jim Mackay carried a beeper around all 72 holes of the 1999 US Open in case the golfer’s wife Amy went into labor.

Persons: CNN —, Scottie Scheffler, Bryson DeChambeau, Scheffler, ”, Meredith, ” Scheffler, Sara caddied, “, Arnold Palmer, Mike Ehrmann, Xander Schauffele, Rory McIlroy, David J, Phillip, AP Burns, Sam Burns, Burns, Caroline, “ It’s, ” Burns, Jamie Squire, Phil Mickelson’s caddie Jim Mackay, Amy, Mickelson agonizingly, Payne Stewart, Mickelson –, – Organizations: CNN, Augusta National, Arnold Palmer Invitational Locations: Augusta, Dallas

☆ Where Kamala Harris Lives, a Little Known History of Enslavement
▼ + stars: | 2024-04-12 | by ( Robert Draper | ) www.nytimes.com time to read: +1 min

Three years ago this month, Vice President Kamala Harris moved into her official residence in northwest Washington, a quiet 73-acre enclave where the U.S. Navy keeps an observatory as well as the nation’s master clock. Near the villa, the team had found something else: A brick foundation of a smokehouse used to cure meat. Ms. Harris did not have to be told who had used it. Well before moving to the new residence, the nation’s first Black vice president had been told by aides about the 34 individuals who once lived on the property against their will. A subsequent opinion essay for CQ Roll Call was the first mention of it in the news media.

Persons: Kamala Harris, Harris, Peter, Mary, Ellen Jenkins, Chapman, Sarah, Henry, Joseph, Louisa, Daniel, Eliza Toyer, Towley, Judah, Andrew Yates, Kitty, William, Gilbert, Phillip Silas, Susan, Dennis, Ann Maria, William Carroll, Becky, Milly, Margaret, Mortimer Briscoe, Richard Williams, Mary Young, John Thomas, Mary Brown, John Chapman, William Cyrus Organizations: U.S . Navy Locations: Washington

☆ Inside Andy Jassy's plan for Amazon in the generative AI era
▼ + stars: | 2024-04-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. By the way, we're wrapping up voting for the championship matchup in our business, tech, and innovation bracket. In today's big story, we're looking at Amazon CEO Andy Jassy's letter to shareholders, which details the tech giant's plan in the age of generative AI . What's on deck:AdvertisementBut first, Amazon, AI, and a letter. The big storyAmazon in the AI ageMichael M. Santiago/Getty Images; Chelsea Jia Feng/BIThe generative AI revolution is coming, and Amazon wants in on the ground floor.

Persons: —, We've, Andy Jassy's, Michael M, Chelsea Jia Feng, Andy Jassy, Ana Altchek, Jassy, that's, Andy Jassy Mike Blake, Eugene Kim, Jassy's, Phillip Faraone, Gregor Fischer, Noam Galai, Here's, it's, Morgan Stanley, Ben Bergman, Rebecca Zisser, Adam Neumann, Neumann, Samantha Lee, Bon Appétit, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Amazon, Getty, AWS, Bridgewater Associates, Pfizer, Reuters, Prime, TechCrunch, Games, New York Times, Visual China, BI, JPMorgan Chase, Citigroup, Coachella Locations: Wells Fargo, New York, London

☆ Hot inflation data pushes market’s rate cut expectations to September
▼ + stars: | 2024-04-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Three months of inflation data have brought those expectations back down to earth. "Not that you've put a pin in inflation getting to the Fed's target, but it's not happening imminently." The 2-year Treasury note , which is especially sensitive to Fed rate moves, jumped to 4.93%, an increase of nearly 0.2 percentage point. The pricing in of seven rate cuts earlier this year was completely at odds with indications from Fed officials. However, when policymakers in December raised their "dot plot" indicator to three rate cuts from two projected in September, it set off a Wall Street frenzy.

Persons: Michael M, Liz Ann Sonders, Charles Schwab, you've, There's, Today's, Phillip Neuhart, Joseph LaVorgna, Schwab's Sonders, Sonders Organizations: New York Stock Exchange, Santiago, Getty, Federal, Labor, CPI, Fed, Traders, First, Bank Wealth, Dow Jones, Treasury, Nikko Securities, Atlanta Fed Locations: New York City

☆ Trump Media payday: What Truth Social executives got paid in stock and compensation
▼ + stars: | 2024-04-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +12 min

Those thresholds for the share price are well below where Trump Media stock was trading on Monday, when it closed at $37.17, down more than 8%. The filing disclosed that Trump Media awarded company stock to Nunes, chief financial officer Phillip Juhan, and chief operating officer Andrew Northwall. The three top executives, like Trump himself, are currently barred from selling any of their common stock in Trump Media for the next six months. CNBC asked a spokeswoman for Trump Media why promissory notes were used to grant stock to the executives. Legal battlesBesides Trump, the biggest shareholders in Trump Media are two corporate entities.

Persons: Dado Ruvic, Donald Trump, Devin Nunes, Trump, Kevin Murphy, Murphy, Nunes, Phillip Juhan, Andrew Northwall, Juhan, Northwall, DWAC, we've, Tom Williams, Kash Patel, Patel, Dan Scavino, Scavino, Department of Defense Kash Patel, Justin Sullivan, Sandro De Moraes, Vladimir Novachki, Scott Glabe, Novachki, Glabe, De Moraes, Eric Swider, beneficially, Renatus, Swider, Andy Litinsky, Wes Moss, Moss, Patrick Orlando, Mike Pont Organizations: Trump Media, Trump . Trump Media, Nasdaq, Corp, Trump, University of Southern, Securities and Exchange Commission, DWAC, SEC, CNBC, Partners, Northwall, Juhan, Trump Media's, U.S, Capitol, CQ, Inc, Getty, Equity, Messrs, Republican, Hudson Digital, Trump White House, Staff, Department of Defense, Digital, Renatus, ARC Global, United Atlantic Ventures, Twitter, Facebook, NBC, FilmMagic Locations: Juhan, California, Minden, Minden , Nevada, Orlando, New York City

☆ My husband took me for a joyride on his plane during our first date. I was a widow and scared to love again, but we got married within the year.
▼ + stars: | 2024-04-06 | by ( Melissa Noble | ) www.businessinsider.com time to read: +8 min

She met Ted Gray, and on their first date, he took her on his plane. After Al died, I didn't date for a long timeA week after Al died, I was back full-time teaching. In 21 years, I had met no one, and suddenly I'd met this man, and I was frightened I might hurt him. When Al died, I never believed I could love like that again, but our love is wonderful. I love Ted just like I loved Al, and that blows me away.

Persons: Joy Gray's, Allan, Ted Gray, —, Joy Gray, Al, it's, I'd, Rick, Ali, they'd, Ted, Farmer, Port Phillip Bay, we've, I've Organizations: Service, Port Locations: Porepunkah, Australia, Melbourne, Port Phillip, New Guinea

☆ I'm a US Army sniper in the Arctic, a beast of a place that can chew up even the strongest soldiers
▼ + stars: | 2024-04-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Phillip Cho, a US Army sniper in the 11th Airborne Division based in Alaska. What I've preached for years now is that in order to be a successful sniper in the Arctic, you have to have imagination. We use different procedures in the Arctic versus the jungles of Asia or the deserts of the Middle East. Like other environments, water is a priority. The Arctic can be an insatiable beast and chews up some of the strongest soldiers that I've seen.

Persons: Phillip Cho, Cho, —, It's, I've, Simo Häyhä, We've, We're, Wyatt Moore, fieldcraft, Staff Sergeant Phillip Cho Organizations: 11th Airborne Division, Service, US Army, Operations Command, U.S . Army, 75th Ranger, Pacific Multinational Readiness, Donnelly Training, U.S, Army, Spc, Public Affairs Detachment, Islamic, Staff Locations: Alaska, Finnish, That's, Asia, Base, Greenland, Korea, Iraq, Islamic State

☆ Now is probably a good time to hedge against downside risk in the stock market. Here are 4 ways you can protect your portfolio — including 2 that are historically cheap.
▼ + stars: | 2024-03-31 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

But with the market at an all-time high, now is probably a good time to hedge against potential downside, experts say. That's especially the case because there's an elevated degree of risk facing stocks, and the cost of some insurance measures is historically cheap. Related storiesThe S&P 500 also looks overextended on a technical basis, according to many measures. AdvertisementRosenberg Research"The definition of a stretched market is one when the S&P 500 gaps 14% or more above the 200-day trendline. Beyond extreme, in fact — back to 1928, the S&P 500 has only drifted this far above the moving average 7% of the time," Rosenberg said.

Persons: Jim Smigiel, they've, Louis Fed, Phillip Colmar, Colmar, David Rosenberg, Rosenberg, Steve Sosnick, we're, Smigiel, Sosnick Organizations: Service, Nvidia, Microsoft, Bank of America's, Survey, Bank of America, SEI, Fed, Louis Fed Inflation, MRB Partners, Rebels, Rosenberg Research, Interactive Brokers Locations: Ukraine, Russia, Israel, Palestine, Suez

☆ US debt: Is America at risk of a Liz Truss-style market meltdown? The CBO thinks so
▼ + stars: | 2024-03-26 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

In an interview with the Financial Times, CBO director Phillip Swagel said US government debt — which the Treasury Department puts at nearly $35 trillion — is on an “unprecedented” trajectory. UK government bonds, or gilts, and the pound sold off sharply, partly in response to plans by Truss to issue more debt in order to pay for tax cuts. Mortgage rates and other borrowing costs soared as investors demanded much higher premiums for owning UK debt. He has promised to extend his 2017 tax cuts and has also spoken about reducing the corporate tax rate from the current 21% to 15%. “I will make the Trump tax cuts the largest tax cut in history,” he said last month at the Black Conservative Federation’s Honors Gala in South Carolina.

Persons: Phillip Swagel, Liz, ”, Truss, ” Swagel, Dave Ramsden, Donald Trump’s, Joe Biden, Fitch, “, Trump Organizations: London CNN, Congressional, Financial Times, Treasury Department, CNN, Bank of England, Democrats, Trump, Black Conservative, US Treasury, Federal, CBO Locations: United States, United Kingdom, South Carolina

☆ The final scenes of 'The Crown' uncannily predicted the current state of Britain's royal family
▼ + stars: | 2024-03-15 | by ( Mikhaila Friel | Eve Crosbie | ) www.businessinsider.com time to read: +7 min

One scene showed a conversation between the Queen and Prince Philip about the next generation of royals. The royal family suffered several setbacks after King Charles took the throne in September 2022. AdvertisementThe final moments of Netflix's "The Crown" seemingly predicted the state of the royal family in the aftermath of Queen Elizabeth's death. The royal family is in chaosIn January 2023, Prince Harry's bombshell memoir, "Spare," was published, revealing previously unreleased details about his fallout with the royal family. The most recent Sovereign Grant report showed that the royal family cost British taxpayers £86.3 million, or about $110.5 million, during the 2022-23 financial year.

Persons: Queen, Prince Philip, King Charles, —, Queen Elizabeth's, Queen Elizabeth II, Imelda Staunton, Olivia Colman, Claire Foy, Prince Phillip, it's, Philip, We'll, chides Philip, Samir Hussein, Prince Harry's, William, Harry, Meghan Markle, Camilla, Meghan, Buckingham, Graham Smith, King Charles ', King Charles and Prince William, Chris Jackson, Smith, hadn't, Grant, Kate Middleton Duchess, Cambridge, Germany Chris Jackson, Kate Middleton, Charles, Kate, Wales, Evan Nierman, Instagram, Phil Chetwynd Organizations: Service, Netflix, Windsor Castle, Getty, Getty Images, REUTERS, Metropolitan Police, Sky, BI, British, PR, BBC, AFP Locations: British, George's, Windsor, Buckingham, Poland, Germany, Berlin, Kensington

☆ Analysis: Trump on Social Security cuts and a possible TikTok ban
▼ + stars: | 2024-03-12 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

But Trump’s comments on TikTok and Social Security, both in an unfettered interview on CNBC, suggest not calculation, but confusion about Social Security and ambivalence about TikTok. Social Security was a top issue during the Republican presidential primary, when Trump attacked his GOP opponents, accusing them of wanting to take social security benefits away from older Americans. In an ad-libbed and meandering answer during a telephone interview broadcast on CNBC, Trump seemed to suggest that he was open to cutting Social Security. Have you changed your, your outlook on how to handle entitlements Social Security, Medicare, Medicaid, Mr. President? His answer also did nothing to address Kernen’s larger question, about Social Security and Medicare’s insolvency crisis.

Persons: Donald Trump’s, Joe Biden, Biden, Trump, It’s, CNBC’s Joe Kernen, we’ve, Joe Biden’s, Karoline Leavitt, ” It’s, Abby Phillip, Nikki Haley, ByteDance, ” Trump, ” Biden, Brian Fung, Jeff Yass, Steve Bannon, “ Organizations: CNN, Social Security, Trump, CNBC, Social, Republicans, Republican, GOP, ISIS, Federal Reserve, Treasury Department, South Carolina Gov, House Republicans Locations: Trump, TikTok’s China, China, TikTok, Yass

☆ Vanity Fair Oscars Party: Billie Eilish, Christopher Nolan, Steven Spielberg, mix, dine on In-N-Out and dance the night away.
▼ + stars: | 2024-03-11 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

CNN —Oscars celebrations were in full swing on Sunday night and no post-show event was more packed with the glittery crowd than the annual Vanity Fair party. By the dance floor, Cardi B greeted Bailey and asked the new mom how her baby was doing. Nearby, Lizzo and her boyfriend scoped out the dance floor and were later seen twisting their arms to take a shot together. Kardashian wore a beige, waist-cinching gown as she fluttered around the party with Baltimore Ravens wide receiver O’Dell Beckham Jr.Kim Kardashian arrives at the Vanity Fair Oscars party. Stefanie Keenan/VF24/WireImage for Vanity Fair/Getty ImagesSam Rockwell, Justin Theroux and Jason Bateman gathered on the dance floor and were greeted by Olympian Shawn White and Nina Dobrev.

Persons: Oscar, Billie Eilish, Christopher Nolan, Barbie ”, “ Oppenheimer, America Ferrera, Margot Robbie, Matt Damon, Emily Blunt, Eilish, Phillip Faraone, Nancy Pelosi, Paul Pelosi, Sally Field, Pelosi, Paul Pelosi Stefanie Keenan, Usher, Ciara, Camila Cabello, Chloe, Cardi, Bailey, “ Barbie, Greta Gerwig, grooving, Barbie, Hari Nef, Lizzo, scoped, Paris Hilton, Nicole Richie, Lindsay Lohan, Kim Kardashian, Kardashian, O’Dell Beckham, Amy Sussman, Jenner, Kris Jenner, Kendall, Kylie Jenner, Kris, Demi Moore, Scout Willis, Bruce Willis, Moore, Elizabeth Banks, “, Captain America, Chris Evans, Alba Baptista, Damon, Lucia, Chris Hemsworth, Elsa Pataky, Britney Spears, Mark Ruffalo, Sydney Sweeney, Jennifer Coolidge, Kevin Mazur, ”, Sweeney, Maude Apatow –, Judd Apatow, Coolidge, Catherine O’Hara, Barry Keoghan, Callum Turner, Sabrina Carpenter, Chelsea Handler, Sofia Vergara, Steven Spielberg, Stefanie Keenan, Sam Rockwell, Justin Theroux, Jason Bateman, Olympian Shawn White, Nina Dobrev, Theroux, Rita Moreno, nosh Organizations: CNN, Wallis Annenberg Center, Hollywood, Paris, Baltimore Ravens, Marvel, Air ” Locations: Beverly Hills, America, Halle, Dua Lipa, Tallulah

☆ What happens when history is erased? An artist edits Civil Rights images to eerie effect
▼ + stars: | 2024-03-08 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +5 min

That’s the version of history Houston-based artist Phillip Pyle II poses in the photographic series “Forgotten Struggle,” in which he presents provocatively edited pictures of Civil Rights protestors during the 1960s carrying blank white signs. Phillip Pyle IIPyle initially began the work in response to textbook changes made by the Texas State Board of Education in 2010. Phillip Pyle IIBut Pyle’s images don’t just infer commentary on contested curriculum. “(I want) to talk about history in a way that’s not beating you over the head with history,” he added. But Pyle also thinks about how his images will live online, and how they might be viewed decades from now.

Persons: Eric Garner, “, ”, Phillip Pyle, provocatively, ” Pyle, Pyle, Steven Evans, ” Evans, it’s Organizations: CNN, Civil, Civil Rights, Texas State, of Education, FotoFest Locations: Houston, Florida, “, FotoFest, vitrines

☆ Probability of a market bubble is fragmented, says MRB's Phillip Colmar
▼ + stars: | 2024-03-06 | 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 EmailProbability of a market bubble is fragmented, says MRB's Phillip ColmarPhillip Colmar, Managing Partner and Global Strategist at MRB Partners, discusses mega-cap tech, the broader markets, and interest rate expectations.

Persons: MRB's Phillip Colmar Phillip Colmar Organizations: MRB Partners

☆ Biden vs. Trump is set. What are the alternatives?
▼ + stars: | 2024-03-06 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

CNN —The Joe Biden vs. Donald Trump rematch is a presumptive reality after the president and former president both dominated Republican and Democratic primaries on Super Tuesday. Independent candidates. When Kennedy, West and the Green Party’s Stein were added into the question, things changed. Trump was still on top with 42%, Biden got 39%, Kennedy had 15%, West had 3% and Stein had 2%. Buzzy independent candidates have a tendency to lose support as Election Day nears.

Persons: Joe Biden, Donald Trump, Biden, Gary Johnson, Jill Stein, Hillary Clinton, Ralph Nader, Kanye West, Robert F, Kennedy Jr, Cornel West, Sen, Joe Manchin, Ryan Clancy, Abby Phillip, you’ll, ” Clancy, Kennedy, Kanye, Trump, Here’s, ► He’s, Cornel West’s, Party’s Stein, Stein, Ariel Edwards, Levy, that’s, Ross Perot, Bill Clinton, Eva McKend’s, CNN Kennedy, Kennedy –, –, ” Matt Welch, CNN’s Michael Smerconish, Welch, Jake Tapper’s, CNN’s Kasie Hunt, Hunt debunks Organizations: CNN, Republican, Democratic, Super, Trump, Libertarian Party, Green Party, New, New Mexico Gov, Libertarian, Marquette University, West, Democrats, Biden, Democrat, White, Black, RFK Jr, “, of Columbia, Hunt debunks RFK Jr Locations: New Mexico, Florida, West Virginia, West, Wisconsin, ► Nevada, New Hampshire, Hawaii, Arizona, Georgia, Utah, Alaska , Oregon, South Carolina, New York, California

☆ The 'uncommitted' campaign against Biden has gone national, winning hundreds of thousands of votes in swing states
▼ + stars: | 2024-03-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Tens of thousands of Democratic voters cast "uncommitted" ballots against Biden on Super Tuesday. On Super Tuesday, hundreds of thousands of Democratic voters in states across the country declined to vote for President Joe Biden, casting "uncommitted" votes or something similar instead. Across several states, the uncommitted vote share easily dwarfed that of Biden's long shot primary challengers, Marianne Williamson and Rep. Dean Phillips. That's on top of more than 55,000 "no preference" votes in Massachusetts and more than 43,000 "uncommitted" votes in Colorado, along with thousands more in other states. AdvertisementAt the very least, it's a sign that the "uncommitted" campaign has gone national, with Democratic voters in states beyond Michigan willing to cast protest votes against the incumbent president.

Persons: Biden, It's, it's, —, Joe Biden, Marianne Williamson, Dean Phillips, Phillips, Hillary Clinton's, Donald Trump, Barack Obama, ", Lauren Hitt, He's Organizations: Democratic, Super, Service, North Carolina Democratic Locations: Michigan, Israel, Minnesota, North Carolina, Massachusetts, Colorado, North Carolina , Colorado, Gaza

☆ Will Nikkei's record-breaking rally sustain even as Japan's economy sputters?
▼ + stars: | 2024-03-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Fuji and Tokyo skyline Jackyenjoyphotography | Moment | Getty ImagesJapan's Nikkei stock index has been on a record-breaking spree on the back of robust earnings and investor-friendly measures. But the country's ailing economy has experts divided over this sustainability of this rally. Japan's corporate governance reforms have been a key driver for the country's stock markets, Momma said, while stressing that stock indexes do not necessarily represent the entire economy that includes SMEs and households. SMEs are a critical lever in the Japanese economy, accounting for 70% of national employment and 50% of the country's economic growth. "Spillover from the global boom of AI-related stocks certainly helped Nikkei," Momma said.

Persons: Kazuo Momma, Momma, Sayuri Shirai, pare, Shirai, Phillip Colmar MRB Organizations: Nikkei, Mizuho Research, CNBC, Bank of Japan, Nvidia, Technology, Stock, Keio University, Bank of America, Phillip Colmar MRB Partners Locations: Fuji, Tokyo, Germany, Japan, U.S, China

☆ Meet the Disney heirs rallying behind Bob Iger
▼ + stars: | 2024-03-03 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Roy O. Disney's grandchildrenRoy O. Disney had one son with his wife Edna Francis — Roy E. Disney, a long time Walt Disney Company executive. Roy P. DisneyRoy P. Disney told NYT that activist investors "must be defeated." AdvertisementIn a 2010 interview, Roy P. Disney said he worked as an investor based in California. Joe Scarnici/Stringer/Getty ImagesWalter Elias Disney MillerWalter Miller is the co-founder of the Walt Disney Family Museum, which opened its doors in 2009. Tamara Diane MillerTamara Miller spent four years as the President of the board of directors of the Walt Disney Family Museum.

Persons: —, Roy, Walt Disney, Bob Iger, Nelson Peltz, Walt, Roy O, Disney, Edna Francis — Roy E, Roy E, Patricia Ann Dailey, Roy P, Disney Roy, George Pimentel, WireImage, Disney's, hasn't, Abigail Disney Abigail Disney, Ralph Orlowski, Burda Media Abigail Disney, she's, Abigail, Susan Disney, Susan Lord, Phillip Faraone, Tim Disney Tim Disney, Stefanie Keenan, Tim Disney, Diane Disney Miller, Sharon Disney, Diane Miller's, Ron Miller, Jennifer Goff, Tammy Miller, Joanna Miller, Walter Miller, Joe Scarnici, Stringer, Walter Elias Disney Miller Walter Miller, Joanna Sharon Miller Joanna Miller, grandpa, Joanna, Jim, Tamara Diane Miller Tamara Miller, Tamara Miller, Jennifer Miller, Goff Jennifer Miller, Goff Organizations: Service, Disney, Business, Walt Disney Company, Getty, New York Times, Burda Media, Yale, Stanford, Mouse, Bel, Harvard University, California Institute of, Arts, Walt Disney Productions, Walt Disney Family Museum, Jim Hill Media, Walt Disney Family Locations: California, Munich, Germany, Columbia, Los Angeles

☆ Takeaways from the Michigan Democratic and Republican primaries
▼ + stars: | 2024-02-27 | by ( Eric Bradner | Gregory Krieg | ) edition.cnn.com time to read: +11 min

“Joe Biden is losing about 20 percent of the Democratic vote today, and many say it’s a sign of his weakness in November. Phillips’ high point was in New Hampshire, where he drew nearly 20% of the Democratic primary vote. Republicans opposed an earlier Michigan primary, which violated Republican National Committee rules limiting which states can hold contests before March 1. After Democrats, who control the legislature and the governor’s office, moved the Michigan primary to February 27 despite the Republican opposition, the RNC and the Michigan GOP came up with the hybrid model. However, Kristina Karamo, the election conspiracy theorist who the state party voted to oust in January, has refused to relinquish control, arguing that she was unlawfully removed.

Persons: CNN — Joe Biden, Donald Trump, Trump’s, Biden, –, uncommitted, Gretchen Whitmer’s, Joe Biden, CNN’s Dana Bash, Debbie Dingell, Cassandra, Nikki Haley, Uncommitted, ”, Andy Levin, wouldn’t, ” Levin, Biden’s, ” Abbas Alawieh, Alawieh, —, Haley Haley, won’t, Haley, hasn’t, “ Joe Biden, ” Haley, Olivia Perez, Cubas, Abby Phillip, Dean Phillips, Dean Phillips ’, “, Phillips, Marianne Williamson, Pete Hoekstra, Hoekstra, Kristina Karamo, J, Joseph Rossi Organizations: CNN, Democratic, Arab American Democrats, GOP, Trump, Biden, of Health, Michigan, Michigan Gov, South Carolina Gov, Michigan Democratic, Biden can’t, Progressives, Republican, South, Minnesota, Israel, Granite, Democratic National, Twitter, Michigan GOP, Republican National Convention, Republicans, Committee, RNC, Detroit . Kent Locations: Michigan, Gaza, Israel, Dearborn, Minnesota, South Carolina, New Hampshire, — demoting Iowa, Nevada, Netherlands, Grand Rapids, Detroit ., Detroit

☆ GOP lawmakers and candidates race to distance themselves from Alabama court decision
▼ + stars: | 2024-02-23 | by ( Lauren Fox | Melanie Zanona | ) edition.cnn.com time to read: +6 min

A number of congressional Republicans running in 2024 are swiftly distancing themselves from a controversial Alabama Supreme Court ruling seen as infringing on IVF, the latest obstacle for GOP candidates in the post-Roe era. IVF allowed me, as it has so many others, to start my family,” California Republican Rep. Michelle Steel, who represents a district carried by Biden, said on X. On the campaign trail though, the National Republican Congressional Committee is trying to help candidates navigate what is emerging as a tricky political moment. The memo tells candidates to “express support for IVF” and “oppose restrictions” on the procedure. Even some conservatives are going out of their way to express support for IVF and distance themselves from the Alabama ruling.

Persons: Michelle Steel, Biden, “, Don Bacon, Republicans ’, Roe, Wade, Mike Berg, Larry Hogan, Dave McCormick, ”, Sen, Tommy Tuberville, Mike Lawler, Nick LaLota, Nancy Mace, Matt Gaetz, CNN’s Abby Phillip, Kat Cammack, ” Cammack Organizations: Democratic, GOP, ” California Republican, ” Republican, Republicans, National Republican, National Republican Senatorial Campaign, CNN, Republican Senate, Maryland Gov, US, NBC, ”, Republican, New York Republican, Biden, Republican Party, Women’s Caucus, Florida Republican Locations: Alabama, ” California, Nebraska, Pennsylvania, New York, South Carolina, Florida

☆ Megacap U.S. stocks are carrying the rest of the world. Here are the risks, and where to look for diversification
▼ + stars: | 2024-02-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Megacap tech stocks aren't just powering the U.S. stock market — they're also holding the world together. U.S. equities now comprise 70% of the MSCI World Index, the benchmark for large- and mid-cap companies across 23 developed markets. The MSCI World Index shifts regional and country weights based on broader economic trends. High levels of market concentration in the late 1920s to early 1930s, as well as 2000, coincided with a market top, he noted. The Europe Stoxx 600 has risen only 2.6% year to date, underperforming the U.S. broad market index.

Persons: Goldman Sachs, Scott Rubner, Peter Berezin, Berezin, NVDA, Phillip Colmar, that's, Mike Dickson, Dickson, Warren Buffett's, Colmar, It's, you've, Germany DAX Organizations: Apple, Microsoft, Nvidia, BCA Research, Big Tech, MRB Partners, Horizon Investments, Nikkei, British FTSE, France CAC Locations: U.S, Europe, Colmar, Japan, Asia, Germany, France

☆ California man stole a Yosemite National Park ranger's vehicle and sparked a high-speed chase before plummeting 200 feet off a cliff, prosecutors say
▼ + stars: | 2024-02-18 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewA federal grand jury indicted a California man accused of stealing a Yosemite National Park ranger's vehicle and leading a "high-speed chase" before driving off a cliff. AdvertisementThis isn't the first time tourists have been accused of misbehaving in US national parks. In May 2023, a bison calf had to be euthanized after a man lifted it out of a river in Yellowstone National Park, prompting its herd to reject it. An unidentified man disturbed a bison calf in Lamar Valley near the confluence of the Lamar River and Soda Butte Creek in Yellowstone National Park. "Park rangers tried repeatedly to reunite the calf with the herd, but their efforts were unsuccessful."

Persons: —, Phillip A, Talbert, Claustro, David Calvert, Hellen Jack Organizations: Service, Yosemite National, Business, Getty, National Parks Service, Visitors, Grand Teton National Parks Locations: California, Yosemite, Yellowstone, Lamar Valley, Lamar, Grand

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