DIRS.INFO The most relevant business & tech news

☆ Detroit's 'doom loop' was unlike any other American city. Its downtown is now a model for urban reinvention.
▼ + stars: | 2024-04-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

But the city's downtown has one of the most stunning urban reinvention stories in the United States. Downtown Detroit recently hosted the NFL Draft to rave reviews and even broke an attendance record. AdvertisementLast week, more than 775,000 football fans converged in downtown Detroit for three days as the city hosted the NFL Draft. NFL fans near the draft stage at Campus Martius Park in downtown Detroit on April 27, 2024. Downtown Detroit has an abundance of towering, historic buildings that are perfect for office-to-housing conversions and office renovations that have taken hold in downtowns across the country.

Persons: —, Ryan Kang, Spencer Platt, Gen Zs, it's, Dan Gilbert Organizations: Downtown, NFL, Service, Detroit, Nashville, Martius, Renaissance, Miami, General Motors, Getty, Rocket Mortgage, Quicken, GM, Renaissance Center Locations: Detroit, United States, Downtown Detroit, Hudson's Detroit, downtowns

☆ This state is one of the last strongholds for machine politics. That's about to change.
▼ + stars: | 2024-04-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

At the end of March, a federal judge sided with Kim, blocking Democrats from using the so-called "county line" system in the state's upcoming June primaries. That's set to bring a stark change to the way ballots look — and potentially, a total overhaul in the state's political culture. AdvertisementHere's what to know about the "county line" and why it may be going away for good. A 2020 Democratic primary ballot in Mercer County, New Jersey. "I think you'll see a more candidate-centric politics," said Jersey City Councilman James Solomon, a longtime opponent of the county-line system.

Persons: —, Andy Kim, Kim, That's, Kim et, Hanlon, Sen, Bernie Sanders, Joe Biden, Hanlon et al, Bob Menendez's, Democratic Sen, Bob Menendez, Menendez, Spencer Platt, Tammy Murphy, Phil Murphy, Zahid Quraishi, Tom Williams, Murphy, Rob Menendez —, Ravi Bhalla, James Solomon, They've, they've Organizations: Democratic, Service, Garden State, New York City, Getty, Democratic Gov, Jersey City Locations: New Jersey, Nevada and Delaware, Salem, Sussex, Mercer County , New Jersey, Hanlon et, New York, Hoboken, Jersey

☆ Here are the portfolio's top 5 performing stocks since the March Monthly Meeting
▼ + stars: | 2024-04-24 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Stocks hit a rough patch after the Club's March Monthly Meeting as Wall Street grappled with increasing odds of higher-for-longer interest rates. Here are our five top-performing stocks since the March Monthly Meeting. WFC YTD mountain Wells Fargo (WFC) year-to-date performance Wells Fargo led the way, with shares jumping 5.8% over the period. GOOGL YTD mountain Alphabet (GOOGL) year-to-date performance Alphabet stock rose 4.9% since the March Monthly Meeting, placing the Google parent in second place on the gainers list. EL YTD mountain Estee Lauder (EL) year-to-date performance Estee Lauder stock added 2.7% since the March Monthly Meeting, occupying the fourth spot on our list.

Persons: Stocks, Wells Fargo, Jim Cramer, Wells, Jim, he's, Lauder, Estee Lauder, Estee, Fabrizio Freda, Freda, Jim Cramer's, Dow, Spencer Platt Organizations: Dow Jones, Nasdaq, Club, Google, Big Tech, Palo Alto Networks, Bank of America, Citigroup, CNBC, Traders, New York Stock Exchange, Getty Locations: Wells, buybacks, Palo, Alto, New York City

☆ I love Amazon Prime a bit too much — but my one shopping rule has helped me save money
▼ + stars: | 2024-04-18 | by ( Jordyn Bradley | ) www.businessinsider.com time to read: +3 min

AdvertisementI've spent a lot of money and time on Amazon Prime. And I know it's not just me — Amazon is the second biggest retailer in the world, and three out of four Americans use Amazon Prime. I like that this strategy lets me shop and get some instant gratification while also setting limits that help me cut down on unnecessary purchases I'll regret later. But, again, with my new rule, if nothing in my cart will ship within one day, it all gets taken out. This cuts many of my unnecessary purchases because most things I consider buying have standard Prime two-day shipping.

Persons: —, I've, I'm, Spencer Platt, it's Organizations: Service, Amazon

☆ Trump trial: Full jury chosen for New York hush money case
▼ + stars: | 2024-04-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

Former US President Donald Trump sits in the courtroom at Manhattan criminal court in New York, US, on Thursday, April 18, 2024. Jeenah Moon | ReutersA full jury of 12 people was seated Thursday at the New York criminal hush money trial of former President Donald Trump. "The whole world is watching this New York scam," Trump said. Trump has denounced the trial as a political "witch hunt" and complained that it keeps him off the campaign trail. Former President Donald Trump visits a bodega in the Harlem neighborhood of upper Manhattan where a worker killed a man who had assaulted him in 2022, on April 16, 2024 in New York City.

Persons: Donald Trump, Juan Merchan, Trump, Alvin Bragg's, Joe Biden, Stormy Daniels, Brendan McDermid, Merchan, Chris Conroy, Conroy, Jesse Watters, Elizabeth Williams, Reuters Conroy, Watters, Silvio Berlusconi, Berlusconi, Judge Juan Merchan, Spencer Platt Organizations: Reuters, New, Former U.S, Prosecutors, Fox News, Liberal, Manhattan Criminal, Trump, Via Reuters Trump, Getty Locations: Manhattan, New York, York, New York City, U.S, Italy, Italian, bodega, Harlem

Former U.S. President Donald Trump attends a campaign event on April 02, 2024, in Grand Rapids, Michigan. Spencer Platt| Getty ImagesThe hush money trial of Donald Trump is set to kick off Monday in New York with jury selection, the first time a former U.S. president has ever faced a criminal trial. Trump's lawyers last week repeatedly sought to delay Monday's start date with last-ditch efforts in an appeals court, but those efforts all failed. Trump, who is the presumptive Republican presidential nominee, is charged with nearly three dozen counts of falsifying business records in Manhattan Supreme Court, where he will be required to be in the courtroom every day for the trial. Former attorney for former U.S. President Donald, Michael Cohen, leaves after attending the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, October 24, 2023.

Persons: Donald Trump, Spencer Platt, Trump, Attorney Alvin Bragg, Michael Cohen, Stormy Daniels, Cohen, Daniels, Donald Organizations: U.S, Getty, Manhattan, Attorney, Trump Organization, Court Locations: Grand Rapids , Michigan, New York, U.S, Manhattan, New York City

☆ Trump's hush money trial won't be G-rated: Stormy Daniels will have no choice but to testify about affair, experts say
▼ + stars: | 2024-04-14 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Things won't really heat up, though, until Stormy Daniels takes the stand in the next few weeks. AdvertisementA court sketch of Donald Trump in court in Manhattan for a pretrial hearing in his hush money case. The Trump hush money trial, from a strictly penal-code standpoint, is a dry disagreement over purportedly cooked books. "The money is called 'hush money' for a reason," said former Manhattan financial crimes prosecutor Diana Florence. Stormy Daniels, in her documentary, "Stormy."

Persons: Donald Trump's, Stormy Daniels, —, Daniels, Donald Trump, Trump, Ron Kuby, Jane Rosenberg What's, Kuby, Diana Florence, they'll, United States —, Florence, Stephanie Clifford, Todd Blanche, Susan Necheles, Timothy A, Clary, didn't, Jean Carroll, Carroll, Shawn Crowley, Judge Lewis Kaplan, Tiny, Spencer Platt, month's, Clifford, he's, who's Organizations: Trump, Service, Trump —, Trump Organization, Prosecutors, United, Reuters, Gentlemen, Twitter Locations: Manhattan, Tahoe, Lake, Trump, United States, Baton Rouge , Louisiana, Florence, umm

☆ Surging inflation fears sent markets tumbling and Fed officials scrambling
▼ + stars: | 2024-04-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Energy prices, which have been a major factor in the past two months' inflation readings, pushed higher on signs of further geopolitical turmoil. Minutes released Wednesday from the March Fed meeting showed officials were concerned about higher inflation and looking for more convincing evidence it is on a steady path lower. Sticky price CPI entails items such as housing, motor vehicle insurance and medical care services, while flexible price is concentrated in food, energy and vehicle prices. "If that's the case, you would require a decent amount of unemployment to get inflation all the way to 2.0%." That's why Furman and others have pushed for the Fed to rethink it's determined commitment to 2% inflation.

Persons: Spencer Platt, —, Stocks, Jason Furman, We've, Israel, Jim Paulsen, Wells, Substack, Paulsen, Furman, Barack Obama, Jamie Dimon, John Williams, Susan Collins, it's, Larry Fink Organizations: Getty, Investors, Dow Jones, CNBC, of Economic Advisers, New York Fed, National Federation of Independent Business, Labor Department, JPMorgan, University of Michigan's, Boston, Commerce, CPI, Citigroup, Fed, Atlanta Fed, Dallas Fed, Harvard, BlackRock Locations: Manhattan, New York City, Iran, Israel

Residents and police gather outside of Newark, New Jersey, homes that were structurally damaged and had to be evacuated after an earthquake Friday. Spencer Platt/Getty ImagesA 4.8 magnitude earthquake rattled buildings across parts of the US Northeast on Friday morning, according to the US Geological Survey, with tremors felt from Washington, DC to New York City and to Maine. It was the third-largest earthquake recorded in the area in the last five decades and the strongest in New Jersey in more than 240 years, the USGS said. But with authorities reporting little or no damage, and minimal travel disruptions, people soon resumed their everyday lives. Here's what to know:

Persons: Spencer Platt Organizations: Geological Survey Locations: Newark , New Jersey, Washington, New York City, Maine, New Jersey

☆ Why Wall Street's biggest wealth managers could face an avalanche of lawsuits thanks to one judge's ruling
▼ + stars: | 2024-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +10 min

The banks, in turn, make shareholders happy by reporting lower compensation costs since deferred compensation is marked as a liability. At Morgan Stanley, advisors forfeit this pay if they leave for another employer before four years of service. This ruling was used by a lawyer on another case, Alan Rosca, to secure a $3 million judgment against Morgan Stanley on March 25. In November, Morgan Stanley successfully fought off a class action attempt by 12 ex-Morgan Stanley advisors. Lawyers told Business Insider that the award and the ruling in Shafer v. Morgan Stanley will likely inspire more ex-advisors to sue.

Persons: —, Morgan Stanley, Morgan Stanley's, Alan Rosca, Cerulli, Rogge Dunn, Biden, Dunn, Goldman Sachs, Spencer Platt, Rosca, It's, Shafer, Judge Paul Gardephe, Meaghan VerGow, Pamela Miller, O'Melveny, Jack Edwards, Edwards, Street Former Morgan Stanley, Phil Waxelbaum, They've, you've, — Rosca, Waxelbaum, We're Organizations: Service, Wall, Business, Advisors, Biden Administration, FTC, Getty, Financial Industry Regulatory Authority, Street Former, Ajamie LLP, JPMorgan Locations: Cleveland, Dallas, New York, Shafer, Houston, Wells

☆ Rare 4.8-magnitude earthquake leaves little damage after rattling Northeast
▼ + stars: | 2024-04-05 | by ( Ray Sanchez | Alaa Elassar | ) edition.cnn.com time to read: +10 min

She found her neighbors describing the same rattling, realizing they had experienced an earthquake in a suburb about 20 miles east of New York City. New York City Mayor Eric Adams urged New Yorkers to "go about their normal day.” Brittainy Newman/APUSGS said the earthquake occurred at 10:23 a.m. Three neighboring homes in Newark, New Jersey, were evacuated after residents reported structural damage, according to the city’s public safety director. Good quality New York moment.”In Jersey City, New Jersey, Kristina Fiore was sitting at her desk in her apartment when her building shook for a few seconds. The epicenter was just northeast of Lebanon, New Jersey, less than 50 miles west of New York City, according to the USGS.

Persons: “, ”, Jeanne Evola, Eric Adams, ” Brittainy Newman, David Rodriguez, ” Long, Kathy Hochul, James Oddo, Fritz Fragé, –, Fragé, Kevin J, Bethel, ” Bethel, Spencer Platt, Reed Whitmont, Kristina Fiore, Fiore, panicking, Betancur, New York Kennedy, ” Nobody’s Organizations: New, New York CNN, Geological Survey, The New York Police Department, ” New York, New York City, New York City Fire Department, Empire, ” New York Gov, NYC Department of, Newark Public, Emergency Management, Philadelphia Police Department, Getty, Boonton Coffee Co, Earthquakes, Federal Aviation Administration, Newark Liberty, FAA, Amtrak Locations: New York, Washington, New York City, Maine, New Jersey, Square, Long, New, Hoboken , New Jersey, ”, New Jersey’s Hunterdon County, Lebanon, Newark , New Jersey, Newark, New Jersey’s Essex County, Montclair . In Pennsylvania, Lebanon , New Jersey, Manhattan, Park Slope , Brooklyn, York, Jersey City , New Jersey, Boonton , New Jersey, Philadelphia, AFP, Baltimore

☆ As the Dow nears 40,000, here's what experts say you should do to prepare for a potential pullback
▼ + stars: | 2024-04-03 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Spencer Platt | Getty ImagesThe stock market could hit a milestone if the Dow Jones Industrial Average reaches 40,000. However, even as stocks have climbed higher, investors are worried there could be a pullback, financial advisors say. For investors who have gravitated toward cash, certificates of deposit, or bonds, a pullback may be an opportunity to deploy those funds in the market, Kourkafas said. "The stock market is a long-term investment," said Jenkin, who is also a member of CNBC's Financial Advisor Council. That may be done through a fund that reflects global market capitalization, such as the Vanguard Total World Stock ETF.

Persons: Spencer Platt, They're, Christine Benz, Angelo Kourkafas, Edward Jones, Kourkafas, it's, Ted Jenkin, Jenkin, Joe Biden, Donald Trump —, Louis Barajas, Barajas, Morningstar's Benz, Benz Organizations: New York Stock Exchange, Getty, Dow Jones, CNBC, Morningstar, CNBC's, Council, Investors, International Private Wealth, CNBC FA Council Locations: New York City, Atlanta, Irvine , California, U.S

☆ CNBC Daily Open: A projection is not a promise
▼ + stars: | 2024-04-03 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineU.S. Federal Reserve officials are dampening rate cut expectations again, and again. In comments echoing those of the Federal Open Market Committee's two weeks ago, San Francisco Fed President Mary Daly said Tuesday she expects cuts this year — but wants to see more convincing evidence that inflation has been subdued. "Three rate cuts is a projection, and a projection is not a promise," Daly said.

Persons: Spencer Platt, Mary Daly, Daly, Loretta Mester, Vishnu Varathan, —, Jeff Cox Organizations: New York Stock Exchange, Getty, CNBC, Federal Reserve, Federal, San Francisco Fed, Cleveland Federal, Malaysian, U.S Locations: New York City, U.S, Asia, Japan

☆ Robo-lawyer startup DoNotPay did something almost unheard of in Silicon Valley: It paid a dividend.
▼ + stars: | 2024-04-01 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

In January, the legal startup DoNotPay sent more than $1 million to employees and investors in its first-ever dividend. He got the idea from one of his own angels, Sahil Lavingia, whose startup Gumroad issued a dividend last year. The expectation is that when a company sells or goes public, employees will cash in their shares for untold riches. Last year, the digital commerce startup Gumroad paid a dividend of $1 million across employees, investors, and thousands of crowdfunding backers. Cash rewardsBrowder said he wanted to offer a dividend to reward those employees and investors who bet on the startup early.

Persons: Joshua Browder, Browder, DoNotPay, it's, Sahil Lavingia, Josh Seidenfeld, Cooley, Steve Huffman, Spencer Platt, Seidenfeld, Lavingia, Andreessen Horowitz, Greylock, Dylan Field, Scott Belsky, Daniel Dines, Balaji Srinivasan, Cash, there's Organizations: Business, Big Law, Employees, Founders Fund, Adobe Locations: San Francisco

Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Amazon's recent AI moves have been impressive, specifically its close relationship with fellow Club holding Nvidia and, most recently, its multibillion-dollar venture investment in startup Anthropic. Best Buy : We added the electronics and appliance retailer to the portfolio shortly after the Monthly Meeting concluded. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Jim Cramer, Reckitt Benckiser, Abbott, We've, Here's, Salesforce, that's, Walt Disney, Nelson Peltz, Estee Lauder, he'd, Ford, We're, we'll, Vimal Kapur, Kapur, Linde, Eli Lilly, TikTok, Meta's Ray, Morgan Stanley, Reddit, Morgan, Ted Pick, he's, it's, Stanley Black, Decker, TJ Maxx, Wells, Wynn, Spencer Platt Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Department of Justice, Abbott Laboratories, Nvidia, Broadcom, Investors, Bausch Health, Pharmaceuticals, Costco Wholesale, Costco, GTC, Coterra, DuPont De Nemours, DuPont, stoke, Peltz, Disney, Eaton Corporation, Ford, General Motors, Wall, GE Healthcare Technologies, General Electric, Apple, Google, Bloomberg, . Honeywell, Honeywell, UBS, Meta, Microsoft, Palo Alto Networks, Palo Alto, Procter & Gamble, Starbucks, Constellation Brands, Stanley, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: China, Costco, U.S, East, Mexican, Growth, HomeGoods, Wells Fargo, Macao

But ship collision barriers are standard around the support piers of bridges over major waterways like the entrance to Baltimore’s harbor. The Verrazzano-Narrows Bridge in New York City, for example, has massive barriers of concrete and rocks around the bases of the piers that support it. It was not immediately clear how old the barriers are around the piers that supported the bridge in Baltimore. The bridge there was being fitted with devices designed to protect the piers in case of any ship crash. The bridge has massive barriers of concrete and rocks around the bases of the piers that support it and protect it from ship crashes.

Persons: Spencer Platt, Basil M, ”, “, Mr, Karatzas, Amy Chang Chien Organizations: Officials, China Central Television, Getty, Karatzas Marine Advisors Locations: Guangzhou, China, Baltimore, Baltimore’s, New York City, New York

☆ Building a portfolio from scratch? Here's our step-by-step guide to get started
▼ + stars: | 2024-03-24 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

We will only consider more general questions about the investment process or stocks in the portfolio or related industries. Also: What stop-loss percentage do you use for portfolio stocks? A stop-loss order is an order one can place to sell shares if they fall below a predetermined level. As a result, if bad news breaks and stock is set to open materially lower, your stop-loss order could be triggered. We don't find much use in stop-loss orders because we're monitoring our portfolio stocks constantly.

Persons: Jim Cramer, Chuck, there's, —, Jim Cramer's, Jim, Spencer Platt Organizations: Club, Super, Microsoft, CNBC, New York Stock Exchange, Getty Locations: New York City

☆ Disney gets a win in Nelson Peltz board fight. 2 other portfolio stocks mount comebacks
▼ + stars: | 2024-03-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Disney gets a win : A major proxy advisor weighed in on the Disney -Trian board battle. Glass Lewis said Monday it recommends Disney shareholders vote for the company's director nominees and not the slate forth by Trian's Nelson Peltz. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Glass Lewis, Trian's Nelson Peltz, Jay Rasulo, Nelson, Mondelez, Heinz, Jim, DuPont, Jim said, Stephanie Cohen, Goldman Sachs, Cohen, Jensen Huang, Jensen's, Jim Cramer's, Spencer Platt Organizations: CNBC, Nvidia, Apple, Disney, Procter & Gamble, GE Healthcare, General Electric, GE, Evercore, DuPont, Protection, Samsung, Taiwan Semiconductor Manufacturing, PepsiCo, Constellation Brands, Citi, GEHC, Traders, New York Stock Exchange, Getty Locations: China, New York City

☆ The creators of '3 Body Problem' offered Barack Obama a cameo after learning he was a big fan. He turned it down in the best way possible.
▼ + stars: | 2024-03-17 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Barack Obama turned down an offer to appear on Netflix's new sci-fi series "3 Body Problem." Creators David Benioff and DB Weiss tried to get him for a cameo as he is a fan of the novel. AdvertisementJin Cheng (Jess Hong) and Jack Rooney (John Bradley) star in "3 Body Problem." "3 Body Problem" is the most ambitious project from Benioff and Weiss since "Game of Thrones" wrapped with its eighth season in 2019. AdvertisementPer USA Today, Obama hasn't put in a request to check out "3 Body Problem" early.

Persons: Barack Obama, David Benioff, DB Weiss, —, Alexander Woo, John Bradley, Liam Cunningham, Eiza González, Benedict Wong, Jonathan Pryce, Benioff, Weiss, Jin Cheng, Jess Hong, Jack Rooney, Ed Miller, Obama, Liu Cixin, Barack Obama Spencer Platt, Obama hasn't Organizations: Service, Netflix, USA, The New York Times Locations: Benioff

☆ These 7 portfolio stocks boosted their dividends this year, with more likely on the way
▼ + stars: | 2024-03-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

The hikes also sweeten the potential total return for their stocks at a time when some Wall Street strategists are shining a light on that performance metric. That performance metric captures not just stock price moves but also gains from reinvested dividends. The difference between stock price performance and total return can be substantial, underscoring the benefits of reinvesting dividends. Consider that over the past 10 years, Linde's stock price has climbed 260%, according to FactSet. Eaton's stock price has climbed 321% over the past decade while its total return is 462%.

Persons: Savita Subramanian, Jim Cramer's, Eli Lilly, Linde, Stanley Black, Decker, Jim Cramer, Jim, Spencer Platt Organizations: Disney, TJX Companies, . Eaton Corp, Linde, DuPont de Nemours, Coterra, Procter, Gamble, Bank of America, Meta, Alto Networks, Bausch Health, Abbott Laboratories, Broadcom, Costco Wholesale, Ford Motor, Nvidia, Apple, Costco, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Cincinnati, New York City

☆ Steve Mnuchin breaks out the checkbook
▼ + stars: | 2024-03-15 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

Mnuchin rebornNine months after President Joe Biden was inaugurated and Mnuchin left the Treasury Building, Mnuchin formed a new private equity group, Liberty Strategic Capital. Steven Mnuchin's private equity firm made a $450 million investment in New York Community Bank last week. When Mnuchin left CIT less than two years later, he received a $10.9 million severance package. “It’s a great business and I’m going to put together a group to buy TikTok,” Mnuchin told visibly stunned anchors on CNBC Thursday morning. Mnuchin may be the founder and managing partner of Liberty Strategic Capital, but Saudi Arabia is reportedly covering a big chunk of his firm’s tab.

Persons: Donald Trump’s, Steven Mnuchin, Mnuchin, Joe Biden, Jackie ”, Trump, Goldman Sachs, ”, Liberty, Steven Mnuchin's, Spencer Platt, “ It’s, ” Mnuchin, “ You’re, ” Andrew Ross Sorkin, ” interjected, TikTok, “, he’s, Will Lanzoni, Crown Prince Mohammed bin Salman Organizations: New, New York CNN, Treasury, Liberty Strategic Capital, Lionsgate, New York Community Bank, Getty, Federal Deposit Insurance Corporation, CIT Group, CIT, CNBC, CNN, Senate, Liberty Strategic, Crown, New York Times, Saudi Public Investment Fund, Meta, ByteDance . Liberty Strategic Locations: New York, cybersecurity, New, California, China, Montana, Saudi Arabia, Saudi, ByteDance

☆ Hotter inflation catches up to the stock market, but there are still some portfolio winners
▼ + stars: | 2024-03-14 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Market reversal : The stock market on Thursday initially shrugged off the before-the-bell release of a stronger-than-expected increase in February producer prices. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, WTI, Coterra, Estee Lauder, Stanley Black, Dick's, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, Reserve, West Texas, Lone, Coterra, Nvidia, FedEx, Dow, Nike, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: U.S

☆ Jobs report Friday is expected to show a slowing but still healthy labor market
▼ + stars: | 2024-03-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

If the forecast is close to accurate, it would mark a considerable downshift from January's explosive growth of 353,000, but still representative of a fairly vibrant labor market. "This is kind of a cautious labor market. ZipRecruiter's quarterly job-seeker survey showed expectations for the medium-term outlook hitting a series high, while applicants also indicated stronger levels of confidence in their financial wellbeing and current state of the labor market. A jobs market that remains red-hot could deter the Federal Reserve from cutting interest rates this year as expected. In its most recent survey of economic conditions, the Fed found that the ultra-tight labor market has loosened somewhat, but there are still active pockets.

Persons: Spencer Platt, Dow, Julia Pollak, they're, Pollak, Raphael Bostic, they've, Tom Gimbel, Jerome Powell, Gimbel Organizations: Chelsea Market, Getty, Labor Department, Dow Jones, Employers, Federal Reserve, Atlanta Fed, Challenger, Labor, Survey, LaSalle Network, Big Tech Locations: Manhattan, New York City, U.S, Covid

☆ More problems at New York Community Bancorp have yet to derail the big bank trade
▼ + stars: | 2024-03-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Unlike last March, the problems of another regional bank have yet to derail the big bank trade. Broadcom and Costco earnings report Thursday after the bell, while the big non-farm payroll report for February is out Friday before the bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . A New York Community Bank stands in Brooklyn on February 08, 2024 in New York City.

Persons: Jim Cramer, Morgan Stanley, Jerome Powell, Wednesday's, Nikesh Arora, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, New York Community Bancorp, Capitol, DuPont, Fermium, Palo Alto Networks, Palo Alto, Burlington Stores, Eagle Outfitters, BJ's Wholesale, Broadcom, Costco, Jim Cramer's Charitable, York Community Bank, Getty Locations: Wells Fargo, Palo, Kroger, Brooklyn, New York City

Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Justin Sullivan/Getty Images Haley waves to the crowd during the Conservative Political Action Conference in 2013. Alex Wong/Getty Images Haley hugs her husband after his Army National Guard unit returned in 2013. Haiyun Jiang/Bloomberg/Getty Images Haley takes the stage at her election night watch party in Charleston, South Carolina, in February 2024. Haley “won’t just go away,” said Katon Dawson, a longtime Haley ally and former chair of the South Carolina Republican Party.

Persons: Nikki Haley, Donald Trump, Haley, Trump, eked, “, ” Haley, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Haiyun Jiang, Nicole Craine, Anna Moneymaker, Kimberly Rice, ”, Haley’s, Ron DeSantis, Charles Koch, ‘ Won’t, “ I’m, Koch, Haley “ won’t, Katon Dawson, Ebony Davis, David Wright, Jennifer Agiesta Organizations: CNN, New, GOP, Trump, Republican Party, State House, New York Times, Twitter, South, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention, Republican, Washington Post, Bloomberg, Former South Carolina Gov, Granite State, Super, Florida Gov, Prosperity, New Hampshire, South Carolina, SFA Fund, South Carolina Republican Party Locations: New Hampshire, South Carolina, California, Texas, Vermont, Virginia, North Carolina, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, New York, Syrian, United States, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Iowa, Grand Mound , Iowa, Miami, Concord , New Hampshire, Granite, MAGA, Utah, Super, Costa Mesa , California, Texas , Massachusetts, North Carolina , Virginia , Texas

Search resuls for: "Spencer Platt"

25 mentions found