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I asked her excitedly in French, “What do you think about the abortion rights thing?”“C’est fou, hein?” she said. She continued, “Trump, he wants to reverse abortion rights. Unbelievable.”“Oh!” I said, “I meant about how France is writing abortion rights into the Constitution.”“Oh that?” she said, less excitedly. On the other hand, French women were allowed to open their own checking accounts in 1965 — horrific until you realize that their American counterparts were not granted that right until 1974. But compared to today’s America, France looks like the version of a feminist utopia that could only be dreamed of by Greta Gerwig’s Barbie universe.
Persons: Roe, Wade, Laurence Rossignol, Le Monde, Rossignol, fou, hein, , “ Trump, , Alexis De Tocqueville, America “, Barack Obama, George Floyd, Derek Chauvin, , Congrès, I’ve, ” Claude Malhuret, she’d, Gabriel Attal, Greta Gerwig’s Organizations: CNN, CNN — America, US, Democracy, Communist, Minnesota, American, Equality, Fraternity Locations: Paris, America, France, French, Spain, Communist China, Versailles
Either way, Washington paid little attention to his birthday according to Mountvernon.org, the website of the organization that manages his estate. The official designation is as Washington’s Birthday, although it has come to be known informally as Presidents Day. A small number of states, including Illinois, observe Lincoln’s birthday as a public holiday, according to the Library of Congress. And some commemorate both Lincoln and Washington on Presidents Day. The Uniform Monday Holiday Act took effect in 1971, moving Presidents Day to the third Monday in February.
Persons: George Washington, Alexis Coe, George of Washington, , “ It's, “ Jefferson, Lincoln, Washington, ” Coe, Marquis de Lafayette, , Coe, Thomas Jefferson, comte de Rochambeau, Seth Bruggeman, Bruggeman, Arbelbide, , ” Bruggeman Organizations: Washington, Temple University, Congressional Research Service, District of Columbia, Library of Congress, National Archives, The Locations: NORFOLK, Va, Washington, Virginia, Mount Vernon, Philadelphia, District, Illinois, Lincoln, The Republic, America
PHOENIX (AP) — Gina Swoboda, an election activist endorsed by former President Donald Trump, has been chosen as the next chair of the Arizona Republican Party, a leadership post that puts her center stage in the battleground state for November's presidential election. Fox10 television in Phoenix reported that Swoboda garnered 67% of the votes at Saturday's state party meeting. Swoboda is a former employee of the Arizona Secretary of State’s office and was the election day director of operations for Trump in 2020. She has been working for the Arizona Senate as a senior adviser on elections. “Gina understands that the White House and Senate Majority —and frankly, the survival of our Republic — runs through State 48.”
Persons: — Gina Swoboda, Donald Trump, Swoboda, Jeff DeWit, Kari Lake, Lake, DeWit, Donald Trump’s, Trump, Sen, John McCain, Kyrsten, “ Gina, , ” Lake, , Organizations: PHOENIX, Arizona Republican Party, GOP, Associated Press, Arizona, U.S . Senate, NASA, Trump, Republicans, Arizona Senate, Sen, White, Republic — Locations: Phoenix, Saturday's, Washington, Arizona, Republic
Big bank CEOs will likely convey deposits and earnings are stable to lawmakers on Wednesday, according to a major financial services executive. Thomas Michaud, CEO of Stifel company Keefe, Bruyette & Woods, thinks the hearing before the Senate Banking Committee will successfully provide assurance to Washington and Wall Street. "The targeted approach to change deposit insurance to reduce the 'too big to fail' thinking, so depositors don't run like that. He thinks action is needed to keep mid-sized banks competitive with the big banks — starting with lifting Federal Deposit Insurance Corp coverage limits for small businesses. "If deposit insurance reform in my opinion doesn't happen, there's going to be tremendous pressure on those [mid-size] banks to consolidate," Michaud said.
Persons: Thomas Michaud, Keefe, Jamie Dimon, Goldman Sachs, David Solomon, " Michaud, He's, Michaud Organizations: Wall, . Banking, Silicon Valley Bank, Signature Bank, First, Federal Deposit Insurance Corp Locations: Washington, Silicon, First Republic
Russian President Vladimir Putin met Friday with the new commander of Wagner, Andrei Troshev. At the meeting, Putin referred to Troshev leading "various combat missions," including in Ukraine. Troshev was the second in command of Wagner before the death of former boss Yevgeny Prigozhin. Andre Troshev, a former colonel in the Russian military, took over as head of the Wagner paramilitary organization following the death of previous boss Yevgeny Prigozhin in August. He had been the group's second in command but did not appear to back Prigozhin's short-lived mutiny against Russian military leadership two months earlier.
Persons: Vladimir Putin, Wagner, Andrei Troshev, Putin, Troshev, Yevgeny Prigozhin, , Syria —, Andre Troshev, Yunus, Bek, Dmitry Peskov, Bashar al, Assad, Defense Lloyd Austin Organizations: Service, Russian, Kremlin, Financial Times, Moscow Times, Islamic, Wagner Group, Central African, Defense Locations: Ukraine, Syria, Troshev, St . Petersburg, Islamic State, Russia, Moscow, Washington, Bakhmut, Belarus, Ukrainian, Russian, Africa, Mali, Central African Republic
At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.
Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, , Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco
At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.
Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, , Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco
Former Wagner Group soldiers are being forced to seek out new employment, per Russian reports. One soldier has started a taxi company named after the notorious mercenary group. Valery Bogdanov, a resident of Bolotnoye in Russia's southern Novosibirsk region, has even printed business cards using the Wagner Group's emblem of a grinning skull against a set of wings, Russian outlet VN.ru reported. Both Prigozhin and the rumored co-founder of the Wagner Group, Dmitry Utkin, were on the passenger list of the flight that plunged catastrophically to earth on August 23, 2023. AdvertisementAdvertisementThe representative also said the group had been forced to look for more opportunities in Africa and the Middle East, Important Stories reported.
Persons: Yevgeny Prigozhin's, Valery Bogdanov, Wagner, Bogdanov, they're, Yevgeny Prigozhin, Dmitry Utkin, catastrophically, Prigozhin, Vladimir Putin, Central African Republic —, — Wagner, Touadera Organizations: Wagner Group, Service, Wagner, Daily, Central African, Eye, Faustin, Kremlin Locations: Wall, Silicon, Russian, Bolotnoye, Russia's, Novosibirsk, Ukraine, Donetsk, Bakhmut, Africa, Central African Republic
Sweden is considering sending Gripen fighter jets to Ukraine, according to a new report. Even if Stockholm agrees to send Gripen fighter jets to Ukraine, because it would first take time to consider the transfer and then train Ukrainian pilots, the fighter jets likely wouldn't see combat experience until mid-2024 at the earliest, the report said. Advertisement Advertisement Watch: VIDEO: Why Russia's military is failing so far in UkraineA Saab JAS-39C Gripen at RAF Fairford during the Royal Military Air Tattoo on July 15, 2023. Saab JAS 39 Gripens taxi during the NATO exercise Loyal Arrow outside Lulea in northern Sweden on June 10, 2009. Although Sweden has poured cold water on the idea of sending Gripens to Kyiv, Ukrainian President Volodymyr Zelenskyy said last month that his country's service members were already starting to test out the fighter jets.
Persons: Gripens, Sweden's, Saab JAS, Matthew Horwood, PATRICK TRAGARDH, Volodymyr Zelenskyy, there's Organizations: Gripen, Lawmakers, Service, Saab, RAF Fairford, Royal Military Air, Getty, Swedish Saab Gripen, Royal United Services Institute, Swedish Air Force, Ukrainian Air Force, NATO Locations: Sweden, Ukraine, Stockholm, Kyiv, Wall, Silicon, Europe, Russian, Swedish, Ukrainian, Lulea, AFP, NATO, Czech Republic
On Friday, the Kremlin's spokesperson said the idea that Russian President Vladimir Putin was behind the Wednesday plane crash that killed Yevgeny Prigozhin was "a complete lie." It was unavoidable payback for Prigozhin's insubordination, which culminated in a march towards Moscow with a column of his Wagner Group mercenaries. AdvertisementAdvertisementThose files were obtained from anonymous hackers who had pried them loose from the Wagner Group. Russia uses the Wagner Group to boost its military strength, but it is nothing like a conventional fighting force or diplomatic corps. Other reports suggest that the job replacing Wagner in Africa will fall to the GRU, Russia's military intelligence unit.
Persons: Vladimir Putin, Yevgeny Prigozhin, Wagner, Prigozhin, Prigozhin's, he'd, , Putin, grandiosity, they'd, Alexander Lukashenko, James, Mattathias Schwartz Organizations: Wednesday, Wagner Group, Saint, Kremlin, Group, Central African, YouTube, Google, Wagner, Saint Petersburg, ISIS, Russia, Wall Street Journal, Russia's Ministry of Defence Locations: Moscow, Saint Petersburg, Central African Republic, Russian, Ukraine, East, Africa, Saint, China, Belarus, Russia's
The Swedish jets were specifically built to take on Russia's advanced fighter jets. "Today we discussed in detail the future steps regarding the possibility of opening the subject of receiving Swedish Gripens," Zelenskyy said in the joint press conference, per Reuters. Sweden previously said it would not send these jets to assist the war effort. This week, the United States finally approved plans to deliver F-16 fighter jets to Ukraine, which the country's officials have asked for since the air battle between Russia has reached a stalemate. For one, the Gripen's electronic-warfare capabilities are reportedly able to outmaneuver Russia's Sukhoi jets, which have even eluded F-16s.
Persons: Volodymyr Zelenskyy, Zelenskyy, Ulf Kristersson, Insider's Christopher Woody, Jake Epstein, Swedish JAS, Corban, Czech Republic — Organizations: Gripen, Service, Swedish, US Air Force, Tech, Royal United Services Institute, Ukrainian, Ukraine Ministry of Defense Locations: Ukraine, Wall, Silicon, Sweden, United States, Russia, Swedish, Czech Republic, Brazil, South Africa, Thailand, Hungary
One rainy spring evening, a young Iranian mother with a mangled arm, her husband and their 3-year-old daughter met a smuggler near the Iraqi border who gave them a stern ultimatum: Ensure the child’s silence or leave her behind. The mother, Sima Moradbeigi, 26, recalled that she dashed to a pharmacy for a bottle of cough syrup to drug her daughter into a stupor. Under the cover of night, the family followed the smuggler out of Iran along mountain paths, sometimes crouching or crawling through muddy scrubland to avoid border guards stalking their route with flashlights. Hours later, Ms. Moradbeigi and her husband said, they arrived safely at a mosque outside the city of Sulaimaniya in Iraq’s northern Kurdistan Region. The Islamic Republic — the theocracy that arose after Iran’s 1979 revolution — was never hospitable to women who rebelled against its strict religious codes for dress and behavior.
Persons: Sima Moradbeigi, Moradbeigi, Juan, , Mahsa Amini Locations: Iranian, Iran, Sulaimaniya, Iraq’s, Kurdistan Region, Republic
Kremlin diplomats flew abroad hours after Wagner Group leader Yevgeny Prigozhin announced a rebellion. According to The Wall Street Journal, the diplomats flew to Mali and Syria, and phoned into the Central African Republic. According to the Wall Street Journal, diplomats with Russia's Ministry of Emergency Situations flew to Mali and Syria after Prigozhin announced a mutiny on Moscow last week. The diplomats made their way to countries where Russia has relied on Wagner mercenaries to fight their proxy wars — telling the leaders that Wagner would report to the Kremlin now. Kremlin diplomats personally reassured Syrian president Bashar al-Assad that Wagner would continue operating in the country, but not independently, according to the Journal.
Persons: Wagner, Yevgeny Prigozhin, , jetted, Prigozhin, Bashar al, Assad, Central African Republic —, Vladimir Putin, Putin, Russia's, Alexander Lukashenko Organizations: Wagner Group, Wall Street Journal, Central African, Service, Russia's Ministry, Emergency, Kremlin Locations: Mali, Syria, Central African Republic, Africa, Moscow, Russia, Ukrainian, Bakhmut, Ukraine, Russian, Rostov, Belarus
Pioneer Natural bought Parsley Energy at an 8% premium. Devon Energy bought WPX Energy at a 3% premium. Bilson points to Yellen last week highlighting a likely decline in earnings when banks report second-quarter earnings next month. That's already reflected in plenty of well-known banks "now trading with mid-single digit forward EPS multiples" as they are suddenly forced to pay more for their deposits, Bilson wrote. There are other hurdles standing in the way of bank deals, Bank of America analysts led by Ebrahim Poonawala said Monday.
Persons: Janet Yellen, there'll, Don Bilson, Gordon Haskett, Bilson, Ebrahim Poonawala, dealmaking, Poonawala, — CNBC's Michael Bloom Organizations: Silicon Valley Bank, Signature Bank, First, Federal Reserve, Dominion, Chevron, Noble Energy, ConocoPhillips, Concho Resources, Energy, Devon Energy, WPX Energy, Yellen, Bank of America, Regulators, U.S . Department of Justice, Federal Trade Commission, MTM Locations: U.S, Wall, Silicon, Toronto, Concho
Currently, the Federal Deposit Insurance Corp. insures $250,000 per depositor for each ownership category for deposits held at an insured bank. That year, the standard maximum deposit insurance amount was temporarily raised to $250,000, from $100,000. How future deposit insurance may changeThe FDIC in May released a report that outlined three options for the future of the deposit insurance system. This may include an increased, yet also "finite," deposit insurance limit, the FDIC's report states. A third choice, targeted coverage, would provide different levels of deposit insurance coverage for different types of accounts, with higher coverage for business payment accounts.
Persons: Lauren Justice, First Republic —, Martin Gruenberg, Gruenberg, Ted Jenkin, Atlanta . Jenkin, Jenkin Organizations: Bank, Bloomberg, Getty, Valley Bank, Signature Bank, CNBC, Millionaire Survey, Federal Deposit Insurance Corp, First, Committee, Silicon Locations: Beverly Hills , California, First Republic, Atlanta .
Trump's allies and enemies took to Twitter en masse to weigh in on his second indictment. The common refrain from Democrats and Trump's opponents within the GOP was that nobody was above the law. God Bless President Trump. I, and every American who believes in the rule of law, stand with President Trump… — Kevin McCarthy (@SpeakerMcCarthy) June 9, 2023Sen. Josh Hawley worried about the state of the republic. Every "Republican" running for President should suspend their campaign and go to Miami as a show of support.
Persons: Trumpworld, , Donald Trump, — Adam Kinzinger, Gerry Connolly, Michael Cohen, Trump's, fixer, Trump, izsOqf04yc — Michael Cohen, Biden, DOJ indicts Trump, YdmbbAo6fX — Anna Paulina Luna, Jim Jordan, Kevin McCarthy, Joe Biden, Trump … — Kevin McCarthy, Sen, Josh Hawley, Marjorie Taylor Greene, W8GallYAeH —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Twitter, Trump, Service, GOP, , DOJ, America Locations: America, United States of America
New York CNN —After a six-week spiral, First Republic bank finally collapsed in the wee hours of Monday morning. Everyone on Wall Street appears to be drinking from the same punch bowl as Jamie Dimon, who framed the sale as a bookend to the crisis. To his mind, the sale just makes JPMorgan, already the nation’s largest bank, even bigger, and the power of the biggest Wall Street banks more concentrated. That idea got an extra boost on Monday, when the FDIC itself released a report advocating for an increase in the deposit insurance limit for business payment accounts. “You can think of federal deposit insurance as being a bit like nuclear weapons,” he said.
That overshadowed a revenue beat for the first quarter. The company beat on adjusted earnings per share with $1.58 against a StreetAccount estimated $1.52. Exxon Mobil's adjusted earnings per share came in at $2.83, topping analysts' estimates of $2.59, per Refinitiv. The oil major's adjusted earnings per share was $3.55 versus the $3.41 expected by analysts polled by Refinitiv. The company reported 40 cents per share adjusted on $548.29 million in revenue, while a StreetAccount estimate called for 99 cents per share.
Snap — The Snapchat parent company cratered about 18% after missing revenue expectations for the recent quarter. Intel — Intel shares rose more than 4% even after the company reported its largest quarterly loss on record and a 133% reduction year over year. Colgate-Palmolive — The consumer giant saw its stock rally 4% after the company reported quarterly earnings and revenue that topped expectations. The company reported 98 cents in earnings per share, above the 89 cents expected by analysts polled by Refinitiv. Newell Brands — Shares gained 2% even after the consumer goods company reported a wider-than-expected loss.
Check out the companies making the biggest moves midday:Microsoft — Shares of tech giant Microsoft gained more than 8% Wednesday after a better-than-expected earnings report a day earlier. The company earned $1.17 per share on $69.79 billion in revenue, while analysts polled by Refinitiv expected it to earn $1.07 per share on revenue of $68.9 billion. The company also announced a $70 billion share buyback. 107230585First Republic — Shares of the regional bank fell more than 20% on Wednesday, extending their steep losses for the week. However, deposits for the first quarter totaled about $28.2 billion, down from $33.9 billion from the fourth quarter of 2022.
First Republic 's quarterly update left investors with major questions about whether the bank can repair itself after massive withdrawals, but the regional bank troubles appear to now be limited to just a small corner of the industry, according to Wall Street analysts. The troubled regional lender reported its first-quarter results Monday, showing a 40.8% drop in deposits that was steeper than analyst estimates. The bank said deposits have stabilized in recent weeks and that it was taking steps to cut expenses and shrink its balance sheet, while also exploring strategic options. Results from regional banks over the last two weeks demonstrated the stickiness of the deposit customer base. ... We expect FRC to embrace a new approach and a different business model, as it adjusts to operating with a smaller balance sheet.
People walk by the News Corporation headquarters, home to Fox News, on April 18, 2023 in New York City. First Solar – Shares of the solar company lost 3.2% after a Citi downgrade to sell cited margin risks and concerns that Inflation Reduction Act benefits are already reflected in the share price. Medtronic — Shares added 4% during midday trading after being upgraded to overweight from equal weight by Wells Fargo on Sunday. Sunrun , Enphase Energy — Shares of Sunrun and Enphase Energy were higher Monday after Citi added positive catalyst watches on the solar companies, saying it sees further share gains. The Wall Street bank opened a 90-day positive catalyst watch on Enphase Energy, citing a strong backlog and expectations for record-high margins.
GameStop — The meme stock surged 44% after the company posted a quarterly profit for the first time in two years Tuesday. Luminar Technologies — Shares dropped nearly 9.2% after being downgraded by Goldman Sachs to sell from neutral. Petco Health and Wellness — The stock fell by 7.8% in early morning trading after the company reported fourth-quarter earnings that missed Wall Street's expectations. First Republic — Shares of the regional bank fell by 4.2% in premarket trading after jumping nearly 30% in Tuesday's session. Sales in China fell short of analyst expectations, and the company continued working through its inventories, which weighed on margins.
Check out the companies making the biggest moves in premarket trading:Tesla — The electric vehicle maker rose 2% after Moody's assigned it a Baa3 rating and removed its junk-rated credit. First Republic — The beleaguered bank jumped nearly 19% in premarket trading, following a 90% plunge so far this month as investors focused on its large amount of uninsured deposits. Regional banks — Regional banks were also higher on the heels of First Republic's rise and as investors continued to digest the likelihood of expanded federal insurance. UBS — U.S.-listed shares of the Swiss-based bank were up 4%, a day after gaining 3.3% following its agreement to buy Credit Suisse for $3.2 billion. Foot Locker — Its shares rose more than 4% after Citi upgraded the retailer to "buy" from "neutral."
First Republic — The bank tumbled about 19% premarket after Standard & Poor's cut its credit rating again, to B+ from BB+, on Sunday. S&P first lowered First Republic's credit rating to junk status last week. UBS , Credit Suisse — Shares of UBS fell about 5% before the U.S. open, while Credit Suisse shares plunged 58%. Some analysts said UBS's forced Credit Suisse merger over the weekend could boost investor sentiment toward U.S. regionals. Zions Bancorp.
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