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☆ University Graduations Are Flashpoints for Protests Over Gaza
▼ + stars: | 2024-05-05 | by ( Yan Zhuang | ) www.nytimes.com time to read: +4 min

Kent State students protested the war in Gaza on Saturday during the annual commemoration honoring the four students who were killed by the National Guard on May 4, 1970. Hundreds of pro-Palestinian demonstrators gathered at Kent State University in Ohio on Saturday to protest the war in Gaza, exactly 54 years after a similar campus demonstration ended in four student deaths. Many of them were hoisting signs calling on the university to divest from weapons manufacturers and military contractors. Image Mary Ann Vecchio kneels over the body of Jeffrey Miller, a student who was killed by Ohio National Guard troops during an antiwar demonstration at Kent State University on May 4, 1970. Credit... Today, demonstrators at Kent State are asking the university to divest its portfolio of instruments of war.

Persons: James Rhodes, — Allison Krause, William Schroeder, Sandra Scheuer, Jeffrey Miller —, Ohio ”, Crosby, Stills, Nash, Young, Sophia Swengel, “, ”, ” Ms, Swengel, Mary Ann Vecchio, Jeffrey Miller, John Filo, Camille Tinnin, Yaseen Shaikh, Tinnin, Shaikh, Mark Polatajko, Rebecca Murphy, Polatajko, Murphy Organizations: Kent, National Guard, Kent State University, Force, Ohio National Guard, Kent State, Justice Locations: Gaza, Ohio, Kent State’s, Vietnam, Cambodia, Kent, ’, “, Palestine, ”

☆ I made $40,000 a month from 3 income streams during a 4-month cruise around the world—here's how
▼ + stars: | 2024-04-22 | by ( Michelle Schroeder-Gardner | ) www.cnbc.com time to read: +3 min

Today, I earn $40,000 per month in semi-passive income from it, through three different streams: affiliate marketing, sponsored partnerships and online courses. Here's what those days looked like, and how I built my income streams to be nearly entirely passive. I answered emails, wrote blog posts, brainstormed new ideas, handed accounting, addressed anything urgent that needed my attention and strategized new ways to grow Making Sense of Cents. I built many of my blog posts around affiliate marketing, a strategy that's responsible for about half of my blog's revenue. Sponsored partnerships are more active income, so I didn't do many of them during the cruise.

Persons: It's Organizations: Santa Cruz de La, Jobs, Facebook Locations: Santa Cruz de, Santa Cruz de La Palma, Spain, Florida, Panama, Polynesia, New Zealand, Asia

☆ 'Vanderpump Villa' isn't 'Vanderpump Rules' in the French countryside. Meet the cast and let them tell you why.
▼ + stars: | 2024-04-01 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

No, the new reality show "Vanderpump Villa" isn't just a remixed version of "Vanderpump Rules." "This is not Château Shitshow," a frustrated Vanderpump tells a pair of servers at the start of the second episode of her latest reality show, "Vanderpump Villa." AdvertisementUnlike in 'Pump Rules,' the villa staff must work together — and that raises the stakesLisa Vanderpump and the chateau staff in "Vanderpump Villa." 'Vanderpump Villa' is more like 'Below Deck'Lisa crowns Harlan, a villa guest, at her "Rebirth" party in episode three. The first three episodes of "Vanderpump Villa" are now streaming on Hulu, with new episodes released weekly.

Persons: isn't, —, Lisa Vanderpump, Joseph, Vanderpump, Hannah, Marciano Jax, Marciano, Gilles Mingasson, Jax Taylor, Hannah Fouch, Stassi Schroeder, Jax, Stassi's, Stassi, that's, We're, they'll, Hulu It's, Villa, Marciano —, Andre Mitchell, Mitchell, Grace Cottrell, Gabriella Sanon, Eric Funderwhite's flirtations, Caroline Byl, Emily Kovacs, Emily, Lisa, Harlan, Hulu Vanderpump, Kristen Doute Organizations: Service, Hulu, Hollywood resto, of Reality, Villa, Bravo Locations: Château Saint, Vanderpump's, Downton

☆ Gen Z Is Primed to Succeed at Starting Their Own Small Business
▼ + stars: | 2024-03-25 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

He was able to scale the business to more than $600,000 in revenue by 2018, when he graduated from high school. Before the internet, starting a business was a serious hassle. The problem wasn't that people weren't interested in starting a business: A 2016 EY study found that 62% of 18- to 34-year-olds had toyed with venturing into business ownership. That has made starting a business all the more appealing — and affordable — for prospective entrepreneurs. And with the plethora of digital tools we have today, starting a business is more accessible than ever.

Persons: Luke Lintz, Lintz, Bernhard Schroeder, Schroeder, Gen Zers, —, Martin Warner, Warner, GoDaddy, HighKey, Nicki Minaj, Kevin Hart, Khloé Kardashian, Tom Peters, Peters, " Schroeder, ZenBusiness, Gen, Zers, he'd Organizations: Apple, Shipping, Lavin Entrepreneurship, San Diego State University, Entrepreneurship, Dynamics Statistics, Business, Fast Company, Small Business Administration Locations: North America, China

☆ 34-year-old mom dropped $50,000 to cruise the world with her family: 'It was some of the best money I ever spent'
▼ + stars: | 2024-03-08 | by ( Michelle Schroeder-Gardner | ) www.cnbc.com time to read: +5 min

Last year, I paid $50,000 to go on a four-month cruise that took my family and me to 30 countries. I see the money spent as an investment — not just in travel, but in a collection of memories that we will treasure forever. "Our room for four months months on the cruise, with our balcony view." Photo: Michelle Schroeder-GardnerI bonded with my family in a unique wayAfter our daughter was born, the idea of a world cruise piqued our interest. For example, when we lived on our sailboat, we spent six months in the Bahamas every year.

Persons: Michelle Schroeder, Gardner, Sultan, We're Organizations: Santa Cruz de La Locations: Cartagena , Colombia, Florida, Moorea, French Polynesia, Panama, Polynesia, New Zealand, Asia, Bahamas, Sultan Qaboos, Oman, Australia, Thailand, Turkey, Montenegro, Spain, Mexico, Canary, Santa Cruz de, Santa Cruz de La Palma

BABYLON, N.Y. (AP) — Four people were charged Wednesday with concealing a human corpse and tampering with evidence in connection with the discovery of body parts in parks on Long Island. All four defendants pleaded not guilty to hindering prosecution, tampering with physical evidence and concealing a human corpse and were released without bail. The next day, a cadaver dog located the head, an arm and parts of two legs. Additional remains found Tuesday in nearby West Babylon and in a state park were from the same two people, police said. The four defendants were arrested after police executed a search warrant at the Amityville home that Wallace, Mackey and Brown share.

Persons: Amanda Wallace, Jeffrey Mackey, Steven Brown, Alexis Nieves, Wallace, Mackey, Brown, Frank Schroeder, John Halvorson, ”, Ira Weissman, “ Steven Brown didn't, ” Weissman, Wallace's, Nieves Organizations: New York City . Police, Amityville, Newsday, Court Locations: Long, Amityville, Babylon, New York City, West Babylon, Suffolk County

Now, if a league or network isn't doing something to appeal to younger fans, they are behind the times. Nickelodeon will air its fifth NFL game on Sunday when the Kansas City Chiefs face the San Francisco 49ers for the Vince Lombardi Trophy. Networks and leagues also continue to experiment with social media and creating more viral highlights to keep younger fans interested. “There’s just so many more tools now at our disposal to address the complex consumption habits of young fans. The pie has many more pieces to it for young fans,” Lehanski said.

Persons: Vince Lombardi, Sean McManus, “, ” McManus, they've, SpongeBob SquarePants, Patrick Star, Travis Kelce, it's, ”, Hans Schroeder, “ I’ve, Nate Burleson, Marvel, Dave Lehanski, Goofy, SpongeBob, Bruce Beck, Julie Sobieski, ESPN's, “ There’s, ” Lehanski, ___ Organizations: CBS, NFL, Nickelodeon, Kansas City Chiefs, San Francisco 49ers, CBS Sports, Media, Disney, ESPN, Atlanta Falcons, Jacksonville Jaguars, Nielsen, NHL, Big City Greens, NBA, Business Development, Innovation, Walt Disney Company, MLB Little, Williamsport, . Networks Locations: London, Williamsport , Pennsylvania

Over 100,000 people have used such “same-day registration” in North Carolina during each of the last two presidential election years, so slight adjustments in the closely divided state could make a difference in this November's elections for president, governor and other statewide positions. Early in-person voting — and thus same-day registration — for the March 5 primaries begins Feb. 15. Giving people only one chance to verify by mail would be a “substantial burden on same-day registrants who cast a ballot,” Schroeder said. Schroeder acknowledged there are legitimate interests in using address verification to promote preserving the integrity of the election process and instilling voter confidence. But he wrote the plaintiffs have shown the “precise interests asserted in this case likely do not outweigh the substantial burden on the rights of same-day registrants who cast a ballot.”In 2020, about 2,150 same-day registration applicants in North Carolina failed the address verification.

Persons: District Judge Thomas Schroeder, Roy Cooper's, Schroeder, George W, Bush, ” Schroeder, Tim Moore, Grey Mills, “, mailer, ” Organizations: —, North, District, Republican, Assembly, Democratic Gov, Democratic, . Postal Service, Grey, State Board, Democratic National Committee, Democratic Party Locations: RALEIGH, N.C, North Carolina, U.S

☆ This billionaire CEO uses 'pattern recognition' to make business decisions — and so does Warren Buffett
▼ + stars: | 2024-01-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Read previewA billionaire CEO said he uses "pattern recognition" to help him make smart business decisions. Michael Rubin, the founder and CEO of sports merchandise company Fanatics, told Jay Shetty's podcast about the role that pattern recognition plays in business success. Or you can find out that person was a little bit understated, but they're a beast, they've got huge followership, they're super smart, they've got an unrelenting work ethic." Rubin added: "So to me pattern recognition is everything — I use it in everything that I do." Alice Schroeder, Buffett's biographer, said in a 2010 interview: "Pattern recognition is one of his primary skills and perhaps his greatest skill."

Persons: —, Michael Rubin, Jay Shetty's, Rubin, Shetty, " Rubin, they've, Warren Buffett, Alice Schroeder, Buffett's, Buffett, he'd Organizations: Service, Business, CNBC, Forbes, Berkshire Hathaway's, Valeant Pharmaceuticals, Health Locations: Berkshire

☆ Judge Blocks Republican-Backed North Carolina Provision on Same-Day Voter Registration
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

The legislation was among new Republican-backed restrictions across the country following the 2020 presidential election, when then-President Donald Trump falsely attributed his loss to fraud. North Carolina is expected to be a closely contested state in this year's presidential contest. Under the new law, a voter who uses same-day registration is sent a postcard to confirm their address. Young voters and minority voters, both groups that tend to vote Democratic, take advantage of same-day registration more frequently. Between 100,000 and 120,000 residents use same-day registration in presidential years, according to the state elections board.

Persons: Joseph Ax, Roy Cooper's, Donald Trump, Trump, Joe Biden, District Judge Thomas Schroeder, Tim Moore, Jonathan Oatis Organizations: Democratic Party, Republican, Democratic, Young, District, State Board Locations: Carolina, North Carolina

☆ The success of the Peacock NFL game means you'll likely have to pay more to watch football again next season
▼ + stars: | 2024-01-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

The apparent win for the streaming service comes after it reported nearly $3 billion in losses last year. "We couldn't be prouder of our partnership with Peacock and are thrilled with the results of the first-ever exclusively live-streamed NFL playoff game," said NFL Commissioner Roger Goodell . Even before Saturday's strong viewership numbers, the NFL had plans to have streaming-only playoff games beyond this season. Last year, the NFL inked a one-year deal with NBCUniversal to carry this playoff game exclusively on Peacock. Amazon Prime Video has the exclusive rights to Thursday Night Football through 2033, and Peacock has one exclusive regular season NFL game through 2028.

Persons: —, It's, Peacock, Max, Roger Goodell, They've, NBCUniversal, Hans Schroeder Organizations: Service, Business, Kansas City Chiefs, Miami Dolphins, Comcast, Peacock, NBC, Netflix, Disney, NFL, Street Journal, NFL Media, Amazon Locations: Kansas City, Miami, Peacocks's

STAMFORD, Conn. (AP) — Saturday night's AFC wild-card playoff game between the Miami Dolphins and Kansas City Chiefs on Peacock set a record for the most-watched event on a streaming service. According to Nielsen, the Chiefs' 26-7 victory in frigid temperatures averaged 23 million viewers on Peacock, NFL+ and on NBC affiliates in Kansas City and Miami. Last year’s first-round playoff game between the Los Angeles Chargers and Jacksonville Jaguars averaged 20.61 million viewers. Judging by the audience, Saturday's game is unlikely to be the last playoff matchup shown on a streaming service. Under the NFL’s contract, each of its four broadcast partners — NBC, CBS, Fox and ESPN/ABC — gets at least one wild-card game.

Persons: Peacock, Nielsen, NBCUniversal, —, Taylor Swift, Travis Kelce, Hans Schroeder, ABC —, ___ Organizations: AFC, Miami Dolphins, Kansas City Chiefs, Nielsen, Chiefs, NBC, Miami, Seattle Seahawks, Dallas Cowboys, Amazon Prime, Los Angeles Chargers, Jacksonville Jaguars, Dolphins, — NBC, CBS, Fox, ESPN, ABC, Paramount Locations: STAMFORD, Conn, Kansas City

☆ Chiefs-Dolphins playoff game on Peacock is a big test for streaming: Will people actually pay?
▼ + stars: | 2024-01-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

You won't see this weekend's Kansas City Chiefs-Miami Dolphins NFL playoff game on broadcast TV. It's a big change — and a test for Comcast: How many people will actually subscribe to a streamer to watch the NFL? AdvertisementThat's because last year, NBCUniversal paid the NFL $110 million for the rights to a streaming-only playoff game. (One exception: In 2015, cable channel ESPN aired a single playoff game.) At a press call with reporters earlier this week, NFL distribution executive Hans Schroeder wouldn't commit to whether the league would do more streaming-only playoff games next year: "This is a deal for this year, but it's an NFL playoff game.

Persons: — Peacock, It's, —, Taylor Swift, NBCUniversal, hasn't, Peacock, Hans Schroeder wouldn't Organizations: Kansas City Chiefs, Miami Dolphins NFL, Comcast, Service, Miami Dolphins, NFL, Business, ESPN, Kansas City, NBC Locations: America, Kansas, Miami

The world also said goodbye to former U.S. Secretary of State Henry Kissinger, who died Nov. 29. Political Cartoons View All 1277 ImagesAnother political figure who died this year was former U.S. first lady Rosalynn Carter, who died Nov. 19. Among the entertainers who left the world this year was singer Tina Turner, who died May 24. Here is a roll call of some influential figures who died in 2023 (cause of death cited for younger people, if available):___JANUARY___Fred White, 67. A Hall of Fame forward who helped the Chicago Blackhawks win the 1961 Stanley Cup Final.

Persons: Wagner, Yevgeny Prigozhin, Prigozhin, Vladimir Putin’s, Henry Kissinger, Rosalynn Carter, Jimmy Carter, Silvio Berlusconi, Dianne Feinstein, James Buckley, James Abourezk, Nigel Lawson, Pervez Musharraf, Sandra Day O’Connor, Li Keqiang, Martti Ahtisaari, United Nations Bill Richardson, Gov, Sheila Oliver, Theodoros Pangalos, Tina Turner, Ike Turner, Suzanne Somers, Matthew Perry, Raquel Welch, Richard Belzer, Chaim Topol, Jacklyn Zeman, Lance Reddick, Alan Arkin, Paul Reubens, David McCallum, Richard Roundtree, Tom Sizemore, Jimmy Buffett, Sinéad O’Connor, Rita Lee Jones, Burt Bacharach, David Crosby, Fito Olivares, Ryuichi Sakamoto, Astrud Gilberto, Coco Lee, Tony Bennett, Harry Belafonte, Cormac McCarthy, William Friedkin, Bob Barker, Jerry Springer, Louise Glück, Jeff Beck, Mary Quant, Kaija Saariaho, Lloyd Morrisett, Fred White, Maurice, Verdine White, Ken Block, Walter Cunningham, Fay Weldon, ” Jan, Russell Pearce, Charles Simic, Lynette “ Diamond ” Hardaway, Donald Trump, Diamond, Constantine, Jan, Tatjana Patitz, George Michael’s, Lisa Marie Presley, Elvis Presley, Robbie Knievel, Evel Knievel, Ray Cordeiro, Elmo, Cookie, Gina Lollobrigida, Chris Ford, Crosby, Stills, Nash, Young, Cindy Williams, Shirley, “ Laverne, Billy Packer, Sylvia Syms, Alex ”, Barrett Strong, Norman Whitfield, “ Papa, Rollin ’ Stone, Tom Verlaine, Patti Smith, Bobby Hull, Paco Rabanne, Harry Whittington, Dick Cheney, Hsing Yun, ”, San Jose ”, Carlos Saura, Spain’s, Hugh Hudson, Oscar, “ Greystroke, Hans Modrow, David Jude Jolicoeur, Huey “, ” Smith, Little Richard, Lloyd Price, “, Leiji Matsumoto, Yamato ”, Tim McCarver, Stella Stevens, Jerry Lewis’s, John Munch, Ahmed Qureia, Betty Boothroyd, Ricou Browning, Gill, Gérard Latortue, Fontaine, Barbara Everitt Bryant, Ryan ”, Kenzaburo Oe, Judy Heumann, Gary Rossington, Lynyrd Skynyrd, Georgina Beyer, Traute Lafrenz, Rose, Peterson Zah, Tevye, Robert Blake, Jiang Yanyong, Bud Grant, Dick Fosbury, Pat Schroeder, Gloria Bosman, Jacqueline Gold, Britain’s Ann Summers, John Wick ”, John Jenrette, Juana La, Willis Reed, Darcelle, Paul O’Grady, Lily Savage, Emperor ”, Hedda Kleinfeld Schachter, Margaret Thatcher, Ben Ferencz, Nuremberg, Elisabeth Kopp, Michael Lerner, Jack Lipnick, “ Barton Fink, Bugsy Calhoun, Anne Perry, Thomas Pitt, William Monk, Al Jaffee, magazine’s, Charles Stanley, Richard Riordan, Todd Haimes, Tony Awards, Barry Humphries, Tony, Dame Edna Everage, Len Goodman, Carolyn Bryant Donham, Emmett Till, LeRoy “ Lee ” Carhart, Larry “, ___ Gordon Lightfoot, Tori Bowie, Vida, Grace Bumbry, Rock ”, Ovelha, Denny Crum, Heather Armstrong, Bobbie Spencer, Rolf Harris, Kenneth Anger, Doyle Brunson, Jim Brown, Timothy Keller, Andy Rourke, Ray Stevenson, Thor ”, Ed Ames, George Maharis, Carroll Cooley, Miranda, John Beasley, Kaija, George Winston, Ipanema ”, Robert Hanssen, Richard Snyder, Simon & Schuster, Françoise Gilot, Pablo Picasso —, Pat Robertson, Theodore “ Ted ” Kaczynski, Roger Payne, Treat Williams, Glenda Jackson, Daniel Ellsberg, Richard Nixon, Big, George Frazier, Lee Sarokin, Rubin “, ” Carter, Winnie Ewing, Sheldon Harnick, Jerry Bock, “ Fiorello, John Goodenough, Peg Yorkin, Sue Johanson, Yan Mingfu, John Berylson, James Lewis, poisonings, Mikala Jones, André Watts, Jane Birkin, Kevin Mitnick, San Francisco ”, Frank Sinatra, Lady Gaga, Hugh “ Sonny ” Carter Jr, Jimmy, Randy Meisner, Herman, Angus Cloud, Fezco, ” O’Neill, ___, Mark Margolis, Hector Salamanca, Saul, Sixto Rodriguez, flamed, Robbie Robertson, Tom Jones, Magoo, Timbaland, Aaliyah, Missy Elliott, Clarence Avant, Quincy Jones, Bill Withers, Ada Deer, Jerry Moss, Herb Alpert, Alpert, Michael Parkinson, Muhammad Ali, Miss Piggy, Jiri Cerny, Betty Tyson, Richard Nixon’s, John Warnock, Ron Cephas Jones, Howard Hubbard, Samuel “ Joe ” Wurzelbacher, Joe, Barack Obama, Gil Brandt, Tom Landry, Tex Schramm, Bill Richardson, Steve Harwell, Shabtai Shavit, Jordan, Ian Wilmut, Dolly, Prince Mangosuthu Buthelezi, Roy Kidd, Eno Ichikawa, Michael McGrath, Fernando Botero, Giorgio Napolitano, Matteo Messina Denaro, Michael Gambon, Albus Dumbledore, Harry Potter ”, Mankombu Sambasivan, Saad Eddin Ibrahim, Hosni Mubarak, Tim Wakefield, Dick Butkus, Michael Chiarello, Michael Chiarello ”, Masters, Burt Young, Paulie, Sylvester Stallone, Hughes Van Ellis, Kevin Phillips, Louise Meriwether, Mark Goddard, Major Don West, Rudolph Isley, Isley, unblinking, Piper Laurie, Chrissy Snow, Bobby Charlton, Bishan Bedi, Richard Moll, Xi Jinping, Wu Zunyou, Chandler Bing, Ken Mattingly, Bob Knight, Frank Borman, Steve Norton, Don Walsh, Mariana Trench, Terry R, Taylor, Daisaku Ikeda, Herbie Hancock, Bobby Ussery, George “ Funky ” Brown, Joanna ”, Marty Krofft, Pufnstuf, Donny, Marie ”, Terry Venables, Tim Dorsey, Serge A, Frances Sternhagen, ” “, Charlie Munger, Warren Buffett, Berkshire Hathaway, Gerald Ford, Shane MacGowan, Bernard McGhee Organizations: Wagner Group, Russian, White House, U.S, Supreme, United Nations, Greek Foreign, Republican, Hong, Boston Celtics, NBA, NBC, CBS, Television, Fame, Chicago Blackhawks, ”, New, of Fame, Louis Cardinals, “, Palestinian, Israel, South Dakota Democrat, Arab, Arab American U.S, Britain’s, Commons, . Census Bureau, Alabama ”, Zealand, Navajo, Minnesota Vikings, People, Playboy, Capitol, Juana La Cubana, New York Knicks, Guinness, World Records, Hollywood, Treasury, Southern Baptist Convention, Los Angeles, Roundabout Theatre Company, Air Force, Harlem Globetrotters, Janeiro Games, baseball’s, Germany’s Bayreuth, NCAA, Hall of Famer, Redeemer Presbyterian Church, Legion, Ames, Phoenix, FBI, Simon &, Christian Broadcasting Network, Republican Party, Christian Coalition, Harvard, Feminist Majority Foundation, “ Little, Communist Party, Millwall, New York Philharmonic, San, Brigade, Wing, Eagles, HBO, of Indian Affairs, M, Police, Carpenters, Adobe Systems, Pro Football Hall of Fame, Dallas Cowboys, escapist, Democratic, Zulu, Eastern, AA, Broadway, Communist, U.S . Senate, Red Sox, Yankees, Boston, Chicago Bears, Major, Isley Brothers, New York Times, Manchester United, India, Indiana, Nevada — Resorts, Atlantic City —, Navy, Associated Press, Soka Gakkai, Kentucky Derby, Kool, The, European, Barcelona, Tottenham, City Locations: Russia, Ukraine, Bakhmut, Russian, U.S, Finnish, New Mexico, New Jersey, British, Greece, American, Hong Kong, Italian, America, New York, Spanish, catwalks, Texas, Taiwan, Pakistan, Afghanistan, San, New Orleans, Rosebud, Arab American, Haiti, “, African, Brooklyn, London, Los, Mississippi, United States, Rivers, Georgia, Savannah, Louisville, New York City, Irish, HBO’s “ Rome, Brazilian, Ipanema, Moscow, Virginia, Montana, Vietnam, Canada, Asia, Chicago, Hawaii, France, South Africa, Wisconsin, Los Angeles, Czech, Eastern Kentucky, Colombian, ”, California, Tulsa, Finland, China, Nevada, Atlantic City, Florida, Berkshire

Spokespeople for the banks declined to provide comment ahead of the hearing or did not respond to requests for comment. Kevin Fromer, president of the Financial Services Forum, which represents the CEOs, said he expected Basel to be a focus. Big bank CEOs have been appearing before Congress for several years after the 2007-09 financial crisis and subsequent scandals thrust the industry into Washington's crosshairs. Former Wells Fargo CEO Tim Sloan, meanwhile, resigned in March 2019 after stumbling during a hearing about the bank's regulatory woes. But after years of playing defense, the CEOs are expected to be more assertive, this time backed by Republicans critical of red tape.

Persons: Andy Cecere, William Demchak, Jamie Dimon, Jane Fraser ,, Brian Moynihan, William Rogers, Wells, Bank of America's Brian Moynihan, Citi's Jane Fraser, Wells Fargo's Charles Scharf, Goldman Sachs, David Solomon, Morgan Stanley's James Gorman, Ronald O'Hanley, BNY Mellon's Robin Vince, Sherrod Brown, Brown, Kevin Fromer, Dimon, Elizabeth Warren, Tim Sloan, meanwhile, Tim Scott, Pete Schroeder, Nupur Anand, Tatiana Bautzer, Saeed Azhar, Lananh Nguyen, Michelle Price, Nick Zieminski Organizations: U.S . Bancorp, PNC Financial Services Group, JPMorgan Chase, Co, Citigroup, Jane Fraser , Bank of America, Truist Financial, JPMorgan, Bank of America, Bank of America's, Democratic, Silicon Valley Bank, Financial Services, Big, Former Wells, Republicans, Thomson Locations: WASHINGTON, Wells Fargo, Silicon, Basel, New York

☆ Scott Shleifer steered billions into startups for Tiger Global. With his reign now over, the industry wonders what's next.
▼ + stars: | 2023-11-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Few investors are more emblematic of the no-interest-rate private market frenzy than billionaire Scott Shleifer. Tiger's venture approach in 2020 and 2021 — constantly described as unsustainable by rivals — included maneuvers such as offering start-ups more money than they were asking and emailing founders term sheets after a single meeting. Shleifer's reputation and personal wealth grew with Tiger's venture success. As Tiger was fundraising late last year, investors learned of a $10 million settlement Tiger Global made to a former female employee. At least one Tiger investor was surprised to hear about it from Coleman and not Shleifer himself.

Persons: Scott Shleifer, —, Chase Coleman, Donald Trump's, Michael Gross, Tiger, Bain, John Curtius, Shleifer, Eric Lane, Evan Feinberg, Griffin Schroeder, Coleman, Sarah Samuels, Samuels, Scott, OpenAI's, Sam Altman's, Altman, Paul Graham Organizations: longtime Tiger Global, Business, Tiger, Walmart, The, Washington Post Locations: Florida, India, Flipkart, New York

The U.S. Federal Deposit Insurance Corporation reported bank profits at $68.4 billion in the most recent quarter, down 3.4% from the prior quarter. Year over year, bank profits were down 4.6%, due in large part to banks setting aside more funds in provision expenses for potential loan losses, which were up 33.2% in the last four quarters. Noninterest income was down $4.1 billion, or 5.2%, in the third quarter, while realized losses climbed $3 billion, the FDIC said. "The banking industry continued to show resilience in the third quarter," said FDIC Chairman Martin Gruenberg in a prepared statement. Gruenberg, who typically holds a press conference following the release of the quarterly report on bank profits, was not made available to reporters Wednesday.

Persons: Sheila Bair, Jason Reed, Martin Gruenberg, Gruenberg, Sen, Joni Ernst, Pete Schroeder, Chizu Organizations: Federal Deposit Insurance Corp, REUTERS, Rights, U.S, Federal Deposit Insurance Corporation, FDIC, Republicans, Republican, Thomson Locations: Washington, Iowa

☆ Charlie Munger, the 'Oracle of Pasadena' who was Buffett's second-in-command
▼ + stars: | 2023-11-28 | by ( Jonathan Stempel | ) www.reuters.com time to read: +8 min

Berkshire Hathaway Vice Chair Charlie Munger arrives to begin the company's annual meeting in Omaha May 4, 2013. EXPANDING BUFFETT'S HORIZONSMunger and Buffett did differ politically, with Munger being a Republican and Buffett a Democrat. Like Buffett, Munger was a fan of the famed economist Benjamin Graham. ORACLE OF PASADENAFans dubbed Buffett the "Oracle of Omaha," but Munger was held in equal esteem by his own followers, who branded him the "Oracle of Pasadena" after his adopted hometown in California. "I was raised by people who thought it was a moral duty to be as rational as you could possibly make yourself," Munger told Daily Journal shareholders in 2020.

Persons: Charlie Munger, Rick Wilking, Charles Munger, Warren Buffett's, Munger's, Buffett, Munger, Berkshire Hathaway, HORIZONS Munger, Santa Barbara, Warren, Benjamin Graham, Charlie, Ben Graham, Charles T, Kathy Kristof, Buffett's, Ernest . Buffett, Olson, Wheeler, Alice Schroeder, Nancy, Graham, Heinz, Todd Combs, Ted Weschler, Nancy Munger, Jonathan Stempel, Diane Craft, Rosalba O'Brien Organizations: Berkshire Hathaway, REUTERS, Berkshire Hathaway Inc, Munger, CNBC, Buffett, HORIZONS, Republican, University of California, Berkshire, ORACLE, PASADENA, Oracle, Wesco Financial Corp, Daily Journal Corp, Daily, Los Angeles Times, University of Michigan, U.S . Army Air Corps, Harvard Law School, Tolles, Munger &, Omaha Club, BNSF, 3G Capital, Kraft Foods, Reuters, Thomson Locations: Omaha, California, Berkshire, Omaha , Nebraska, Vienna, Santa, Pasadena, Munger, TETE, Los Angeles, New York

☆ The tug-of-war is on between deal-hungry shoppers and retailers wary of giving them throw-away prices on Black Friday
▼ + stars: | 2023-11-24 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

So are the start-of-the-season deals enticing enough for shoppers or are they holding out in a cat-and-mouse game with retailers? Michael Brown, retail industry leader and partner with management consulting firm Kearney, said the much earlier-than-usual jumpstart to holiday sales this year could be to blame. Shoppers will be holding out for better deals,” he said. Kena Betancur/Getty ImagesTotal holiday sales this year are expected to come in softer compared to last year. He said there were plenty of 25% off Black Friday deals mall-wide and some deeper 40% off promotions for early-bird shoppers.

Persons: New York CNN —, Michael Brown, Kearney, ”, Brown, Emily Elconin, Marshal Cohen, ” Cohen, Barbie, Willing, they’ve, Kena Betancur, Brian Schroeder, Kendra Scott, “, Aeropostale, Aritzia, Shannon Stapleton, Marc Rosen, Rosen, ” Rosen, Nathaniel Meyersohn Organizations: New, New York CNN, “, Shoppers, Black, National Retail Federation, Adobe Analytics, Disney Little, Marvel, Macy's, Brookfield Properties, Brookfield Asset Management, Nike, Apple, Simon Property Group, JCPenney Locations: New York, Oaks, Michigan, New York , New York, La Cantera, San Antonio , Texas, Brookfield, Roosevelt, Garden City , New York, Penney

Not only does it mean an additional game on Prime Video that Amazon hopes to make into a yearly tradition, but it comes on the busiest shopping day of the year. Hans Schroeder, the executive vice president of NFL Media, said the league had been exploring the possibility of adding a game on Black Friday for a while. Adding a Black Friday game gives the NFL another day to take over. According to Nielsen, the most-viewed Amazon game came in Week 2 this season when the Philadelphia Eagles hosted the Minnesota Vikings. NFL games are averaging 17.1 million viewers through 11 weeks, which is a 6% increase over last season.

Persons: We’re, Jay Marine, Hans Schroeder, ” Schroeder, “, Amazon, Garth Brooks, “ I’m, ”, Al Michaels, Kirk Herbstreit, there’s, Tim Boyle, Aaron Rodgers, Tua Tagovailoa, Hill, ___ Organizations: Miami Dolphins, New York Jets, NFL, NFL Media, Amazon, Shopping Network, Nielsen, Philadelphia Eagles, Minnesota Vikings, Jets, AFC East, Dolphins Locations: X’s

☆ Amazon will stream the first-ever NFL Black Friday game
▼ + stars: | 2023-11-23 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +2 min

The NFL is hosting its first-ever Black Friday game on November 24. The game will be exclusively streamed on Amazon Prime Video. The Black Friday game gives Amazon a chance to tempt shoppers to stay at home and shop on their website instead. AdvertisementThe NFL is broadcasting its first-ever Black Friday game exclusively on Amazon Prime Video, where the New York Jets will face off with the Miami Dolphins at New Jersey's MetLife Stadium. The Black Friday game, which kicks off at 3 p.m. EST , presents a chance for Amazon to tempt would-be in-person Black Friday shoppers to stay at home instead, and shop on online e-commerce platforms like Amazon.

Persons: —, Hans Schroeder, Amazon Organizations: NFL, Amazon Prime, Amazon, Service, New York Jets, Miami Dolphins, New, MetLife, Black, CBS, NBC, Fox . Representatives Locations: U.S

The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against the Consumer Financial Protection Bureau (CFPB), he said. To be sure, the financial regulators have been sued many times during previous administrations, including by pro-reform advocacy groups. "There are some financial regulators that are walking right into it," he added. In September, for example, bank groups accused regulators including the Federal Reserve of violating the APA with a new capital rule. According to research by Wharton School professor David Zaring, neither industry groups nor individual lenders have filed more than one suit over the past decade challenging Fed policymaking.

Persons: Jim Bourg, Gibson, Dunn, Crutcher, Joe Biden's, Donald Trump's, Tom Quaadman, Jack Inglis, CFPB, Dennis Kelleher, Trump, Eugene Scalia, Gibson Dunn, Scalia, Antonin Scalia, Rebeca Romero Rainey, David Zaring, Kelleher, Douglas Gillison, Chris Prentice, Pete Schroeder, Nate Raymond, Jody Godoy, Megan Davies, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, WASHINGTON, Democratic, Republican, Reuters, APA, U.S . Chamber of Commerce, Securities and Exchange Commission, Consumer Financial Protection Bureau, Funds, Alternative Investment Management Association, Fifth Circuit, Appeals, Better Markets, Biden, American Bankers Association, Labor, Supreme, Independent Community Bankers of, Federal, Wharton School, Thomson Locations: Washington, Independent Community Bankers of America

Speaking on CNBC, Boston Fed President Susan Collins also said the U.S. central bank must be "patient and resolute, and I wouldn't take additional firming off the table." Inflation by the Fed's preferred measure was 3.4% in September, down from its 7.1% peak last summer, but above the central bank's target. And he expressed increased confidence that the Fed can meet its inflation goal without the kind of rise in unemployment seen in the U.S. central bank's prior battles with inflation. Speaking on Thursday, Cleveland Fed President Loretta Mester, one of the central bank's more hawkish policymakers, said she had not yet assessed whether she would continue to pencil in a further rate hike. Fresh economic and interest rate projections are due to be the released at the Dec. 12-13 policy meeting.

Persons: Mary Daly, Daly, Susan Collins, Collins, Austan Goolsbee, Loretta Mester, Ann Saphir, Michael S, Pete Schroeder, Dan Burns, Balazs Koranyi, Paul Simao Organizations: Federal, San Francisco Fed, CNBC, Boston, Deutsche Bank, Chicago Fed, Fed, Cleveland Fed, Derby, Thomson Locations: Frankfurt, Germany, U.S

REUTERS/Evelyn Hockstein Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - The Federal Reserve's top bank watchdog defended its push to overhaul capital requirements, saying they would have a minimal impact on borrowing costs and make the industry more stable. Michael Barr, the Fed's vice chair for supervision, told a conference in New York on Friday that the so-called "Basel endgame" proposal is mainly focused on raising capital requirements for activities like trading, rather than lending. "Normally, we issue a proposal and then we get very detailed commentary, and we take those comment letters into account." Banks have loudly complained about the proposal, which overhauls how banks gauge their risk and require them to set aside more capital. Industry executives said the draft rules would force them to raise costs and potentially curb lending.

Persons: Michael Barr, Evelyn Hockstein, Banks, Barr, Pete Schroeder, Lananh Nguyen, Chizu Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Federal, Bank, National Football League, Industry, Thomson Locations: Washington , U.S, New York

In an appearance the same day on the “Guy Benson Show” on Fox News Radio, Ms. Haley blamed the app for sowing sympathies for Hamas on some college campuses and stoking anti-American views. In a statement posted on X, TikTok responded to Ms. Haley by saying that the circulation of bin Laden’s letter violated the platform’s rules that ban support for terrorism, and it was policing related content accordingly. Mr. Trump, her former boss, continues to be the overwhelming front-runner, but Ms. Haley, a former South Carolina governor, is trying to overtake Gov. At a town hall for her campaign in Iowa on Thursday, Ms. Haley continued to press on TikTok and brought up the letter by bin Laden. For them to be here,” Ms. Schroeder said after hearing from Ms. Haley.

Persons: Nikki Haley ratcheted, Osama bin Laden, Haley, Donald J, Trump, ”, Guy Benson, “, Laden, TikTok, Ms, Ron DeSantis, Vivek Ramaswamy, Ramaswamy, DeSantis, “ Alexander Hamilton, John Jay, James Madison, ” Ms, bin Laden, you’ve, ’ ”, “ That’s, Linda Schroeder, Schroeder Organizations: U.S, Republican, United Nations, Chinese Communist Party, Fox News Radio, World Trade Center, Pentagon, New York Times, Gov, TikTok, CNBC Locations: Israel, America, U.S, South Carolina, Florida, Miami, Iowa, Waverly, China, Russia, Iran, TikTok, Dubuque

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