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☆ Their landlord hiked their rent by 25%, so they applied for the NYC housing lottery. On the 25th try, luck was on their side.
▼ + stars: | 2024-06-02 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

Read previewIn 2021, Brynne McManimie and Peter Romano lived in a one-bedroom apartment in Greenpoint, Brooklyn. "That's when we were like, 'OK, let's just try the housing lottery,'" McManimie added. AdvertisementAlthough applying is free, each household must meet specific income requirements to qualify for a lottery apartment. Brynne McManimie and Peter Romano"It's definitely smaller than our old apartment," McManimie said. Advertisement"We're really happy and very thankful that New York City has an affordable housing lottery.

Persons: —, Brynne McManimie, Peter Romano, let's, Brynne, Peter Romano Matthew Dunivan, there's, McManimie, Clinton Hill, Romano, it's, There's, It's Organizations: Service, Business, New Yorker, New York City Department of Housing Preservation, Housing Development Corporation, The New York Times, New York Times, New Locations: Greenpoint , Brooklyn, New, West Coast, New York, Greenpoint —, Clinton, RentHop.com, Clinton Hill, Poconos, New York City

☆ Swing-district Republicans in New York decried Trump's conviction. It could cost them politically.
▼ + stars: | 2024-06-01 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFor GOP lawmakers on Capitol Hill, former President Donald Trump continues to wield immense power over their political futures. AdvertisementFormer President Donald Trump at his criminal hush-money trial in New York. But in a decidedly Democratic state like New York, Biden is likely to gain some ground ahead of the election. AdvertisementAcross the country, suburban voters were already turning away from Trump even before his conviction — as former UN Ambassador Nikki Haley has continued to win significant blocs of GOP voters even after suspending her presidential campaign in March.

Persons: —, Donald Trump, Trump, Stormy Daniels, Marc Molinaro, Anthony D'Esposito, Biden, Steven Hirsch, Mike Lawler, Attorney Alvin Bragg, Letitia James, Kathy Hochul, hyperpartisan, Nick LaLota, Hochul, Robert F, Kennedy Jr, it's, Nikki Haley Organizations: Service, Capitol, Business, Republicans, New York Police Department, Attorney, hyperpartisan New York Democrats, GOP, New York State, Emerson, Trump, Republican, New York House Republicans Locations: New York, New York City, Hudson, Manhattan, D'Esposito's, Democratic, Long, Trump

☆ D.C. ethics board recommends Rudy Giuliani be disbarred
▼ + stars: | 2024-06-01 | by ( Alexandra Marquez | ) www.cnbc.com time to read: +2 min

Former New York Mayor Rudy Giuliani departs the U.S. District Courthouse after he was ordered to pay $148 million in his defamation case in Washington, U.S., December 15, 2023. The D.C. Bar's Board on Professional Responsibility on Friday recommended that Rudy Giuliani be barred from practicing law in the nation's capital. This report follows one from last year in which a disciplinary board for the D.C. Bar also recommended disbarment for Giuliani. Now, the case heads to the D.C. Court of Appeals, which will decide whether Giuliani, who formerly served as the mayor of New York City, will be disbarred. Giuliani has already had his law license suspended in New York, where a New York court ruled that he made "demonstrably false and misleading statements" following the 2020 presidential election.

Persons: Rudy Giuliani, Donald Trump, Bar, disbarment, Giuliani, Ted Goodman, President Trump, Goodman, Jenna Ellis Organizations: New York, U.S, Bar's, Giuliani, of Appeals, NBC News, Trump, Bar Association Locations: Washington , U.S, Pennsylvania, New York City, American, New York, Colorado

☆ Trump Verdict Confirms How Far Former Master of New York City Has Fallen
▼ + stars: | 2024-06-01 | by ( Jesse Mckinley | Maggie Haberman | ) www.nytimes.com time to read: 1 min

New York City was once Donald J. Trump’s playground, the place where he made his name and then plastered it everywhere he could. Now, the city that helped make him rich and famous has become his battleground. And Mr. Trump keeps losing. His conviction this week was the third and heaviest blow the former president has been dealt in his erstwhile hometown this year — a series of challenges to his ego, his bottom line, and now, perhaps, his freedom.

Persons: Donald J, Trump Locations: York City

☆ Biden, Democrats react to Trump's guilty verdict: 'No one is above the law'
▼ + stars: | 2024-05-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The Biden campaign wasted no time slamming former President Donald Trump and making a plea for campaign donations, minutes after the guilty verdict in Trump's New York hush money trial. "In New York today, we saw that no one is above the law," Biden campaign spokesman Michael Tyler said in a statement on Thursday evening. The Biden campaign echoed that statement on social media with a link to the Democratic incumbent's donation page. "Despite his efforts to distract, delay, and deny — justice arrived for Donald Trump all the same," Rep. Adam Schiff, D-Ca., said in a post on X. After the verdict, Trump denounced the trial as "rigged" and a "witch hunt" that he falsely claimed had been ordered by President Joe Biden.

Persons: Donald Trump, Joe Biden, Giorgia Meloni, Biden, Michael Tyler, Tyler, Ian Sams, Trump, Joe Biden's, Adam Schiff Organizations: Trump Organization, Court, Italy's, White, Trump, Democratic, Counsel's, Capitol Locations: New York, Manhattan, New York City, U.S, Washington , U.S, Trump's New York

☆ Owners want out at a super-luxe skyscraper on 'Billionaire's Row': report
▼ + stars: | 2024-05-30 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn ultra-luxe "Billionaire's Row" residential tower has been mired in a lengthy legal dispute, and some owners are now looking to sell building, according to a report in The Wall Street Journal. The condominium board at 432 Park Avenue in midtown Manhattan — once the tallest residential building in the Western Hemisphere — first sued the building's developers in 2021. In the three years since the initial lawsuit, the battle has intensified, with more than 4 million pages of documents filed in court, according to The Wall Street Journal. Eighteen units in 432 Park, totaling 14% of the building's units, were listed for sale as of mid-May, the Wall Street Journal analysis found, citing data from StreetEasy.

Persons: — Organizations: Service, Street, Hemisphere, Business, Wall Street, Wall, WSJ Locations: midtown Manhattan —, New York City, StreetEasy

☆ Owners are fleeing a troubled super-luxe skyscraper on 'Billionaire's Row': report
▼ + stars: | 2024-05-30 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn ultra-luxe "Billionaire's Row" residential tower has been mired in a lengthy legal dispute, and some owners are now fleeing the building, according to a report in The Wall Street Journal. The condominium board at 432 Park Avenue in midtown Manhattan — once the tallest residential building in the Western Hemisphere — first sued the building's developers in 2021. In the three years since the initial lawsuit, the battle has intensified, with more than 4 million pages of documents filed in court, according to The Wall Street Journal. AdvertisementEighteen units in 432 Park, totaling 14% of the building's units, were listed for sale as of mid-May, the Wall Street Journal analysis found, citing data from StreetEasy.

Persons: — Organizations: Service, Street, Hemisphere, Business, Wall Street, Wall Locations: midtown Manhattan —, New York City, StreetEasy

☆ Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago
▼ + stars: | 2024-05-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

An Exxon gas station sign is seen in the Brooklyn borough of New York City, on Oct. 6, 2023. Four years ago, Exxon Mobil's reign as the longest-serving component in the Dow Jones Industrial Average abruptly ended when the oil major was replaced by Salesforce in August 2020 in the biggest shake-up in years. That reshuffling of the Dow was seen as a sign of the times, with the energy sector struggling from a total collapse in oil prices into negative territory during the Covid-19 pandemic. Meanwhile, technology stocks booked strong gains during the work-from-home era. The oil major's stock has gained nearly 170% since the August 24, 2020, announcement of its exit from the Dow, while Salesforce has gained just 4% over the same period.

Persons: Exxon Mobil's, Salesforce, Dow Organizations: Exxon, Dow Jones, Dow Locations: Brooklyn, New York City

☆ The tense tick, tick, tick of jury deliberations at Trump’s first criminal trial
▼ + stars: | 2024-05-30 | by ( Stephen Collinson | ) edition.cnn.com time to read: +7 min

Trump’s vigilAs Merchan laid out his instructions for the first time on Wednesday, Trump watched from the defense lawyers’ table. Trump’s routine — aimed at voters as he seeks to delegitimize the case before the jury makes up its mind — is getting old. One new wrinkle Wednesday was his warning that the jury instructions could doom his defense. These charges are rigged.”The jury hears none of this, so it’s clear Trump is playing an outside political game. Two of the jurors are attorneys and could potentially give deliberations some structure, according to Jeff Swartz, a former Florida judge.

Persons: Donald Trump’s, Trump, tugging, David Pecker, Michael Cohen, Stormy Daniels, Cohen, ’, Daniels, Juan Merchan, what’s, doesn’t, it’s, Elie Honig, Merchan, Todd Blanche, —, CNN’s Kristen Holmes, Joe Biden, “, Theresa, Jeff Swartz, ” Swartz, ” Organizations: CNN, mull, Trump, Prosecutors, Manhattan, Attorney’s Office, New York City —, Boeing, GOP Locations: Manhattan, Ireland, New York, New York City, West Harlem, Florida

☆ I'm a 'zillennial' struggling to survive inflation. Here's what I buy for one at Trader Joe's to keep my budget tight and eat well.
▼ + stars: | 2024-05-28 | by ( Sheldenise Smith | ) www.businessinsider.com time to read: +1 min

I live just outside of New York City and shop at Trader Joe's for groceries each week. As someone living and working in pricey states, I enjoy Trader Joe's food selection and prices. I enjoy the frozen meals at Trader Joe's and the chain's guacamole, eggs, and mandarins. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.

Persons: Joe's, —, I've Organizations: Service, Business Locations: New York City, pricey, New Jersey

☆ 5 millennials who are on their way to financial independence share why they have no intention of retiring early
▼ + stars: | 2024-05-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

October, a speech-language pathologist for New York City Public Schools, started her journey toward financial independence a few years ago. October is one of many millennials who are working toward achieving financial independence, one of the main goals of the FIRE — financial independence, retire early — community. Some millennials who successfully achieved financial independence told BI that a traditional retirement is overrated. Advertisement"The whole time I've been thinking in terms of my financial independence as what I call single-player mode. She sees financial independence as an extension of her drive to fulfill passion projects.

Persons: —, Shelly, she'll, she's, She's, millennials, They're, Scott Rieckens, Millennials, Oz Chen, he's, Oz Chen He's, hasn't, I'm, Chen, Gabriela Ariza, Ariza, David, Jill Pawley, Jilly Pawley, they'll, they've, It's, Jill Organizations: Service, New York City Public Schools, Business, Neighborhood Assistance Corporation of America Locations: Yonkers, New York City, Los Angeles, Illinois, Chicago, Rockford, Haiti, Michigan

☆ Bethenny Frankel is calling out a Chanel boutique that seemingly only allowed her to shop when she wore designer clothes
▼ + stars: | 2024-05-23 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

Bethenny Frankel says she was turned away from a Chanel boutique in Chicago on Tuesday. She said on TikTok that she believes her casual outfit — jeans and a T-shirt — was to blame. She returned to the same shop wearing a Chanel outfit on Wednesday and was allowed to enter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The former "Real Housewives of New York City" star posted a TikTok on Tuesday in which she said she was turned away from the luxury brand's Chicago boutique.

Persons: Bethenny Frankel, —, Chanel, Frankel Organizations: Service, Housewives, New Locations: Chicago, New York City

☆ Trump is planning a rare Republican campaign stop in the Bronx to court minority voters. Will it make any difference?
▼ + stars: | 2024-05-19 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

Trump plans to headline a campaign event in the Bronx on Thursday. Trump has little chance to win the NYC borough but saw a jump in support there from 2016 to 2020. AdvertisementFormer President Donald Trump is set to make an unusual pit stop for a Republican candidate later this week. On Thursday, the native New Yorker will headline a campaign event in the Bronx, one of New York City's five boroughs and one of the bluest jurisdictions in the country. This story is available exclusively to Business Insider subscribers.

Persons: Trump, —, Donald Trump Organizations: Service, Republican, Yorker, New York, Democratic, GOP, Business Locations: Bronx, New

Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. Microsoft 's Build developer conference kicks off on Tuesday, giving the company the opportunity to showcase its latest artificial intelligence projects, following high-profile events this month hosted by OpenAI and Google . Microsoft CEO Satya Nadella said in January that 2024 will mark the year when AI will become the "first-class part of every PC." Now, PC users will get to hear more about how AI will be embedded in Windows and what they can do with it on new AI PCs. Demand for PCs was "slightly better than expected," Microsoft CFO Amy Hood said on the company's quarterly earnings call last month.

Persons: Satya Narayana Nadella, Satya Nadella, OpenAI, Morgan Stanley, Erik Woodring, Amy Hood Organizations: Microsoft, OpenAI, Google, Windows, Bing, Dell, Technology, Gartner Locations: Manhattan, New York City

For a food that begins with just flour, water or sometimes eggs, there are infinite variations of pasta. So what happens when you convene a panel of five Italian cuisine experts and ask them to determine the 25 most essential pasta dishes throughout Italy? The final picks appear below in unranked alphabetical order, along with the ideal wine to drink with each pasta dish, as recommended by the chosen restaurants and reviewed by Davies’s husband, the sommelier Marco Lami. This list is the latest in our T 25 series, which highlights significant achievements in the worlds of design, literature, fashion, architecture and food. We chose pasta because it’s the food most associated with Italy, and because it’s the subject of T’s new Travel issue.

Persons: ”, Davide Palluda, Stefano Secchi, Emiko Davies, Karima Moyer, Roberta Corradin, I’d, Davies’s, Marco Lami, It’s, you’ll, della Neve, dei Fiori, Massimo Bottura’s, Maria Luigia, ” Secchi, Secchi Organizations: della Locations: Italy, Piedmont, York, Tuscany, Umbria, Florence, Sicily, Boston, Paris, Mexico City, Marche, Modena, Emilia, Romagna

☆ Hochul Meets the Pope, and Reflects on Her Father and Irish Catholicism
▼ + stars: | 2024-05-16 | by ( Claire Fahy | ) www.nytimes.com time to read: +1 min

Kathy Hochul of New York waited for Pope Francis in Clementine Hall, an ornate room with marble walls and frescoed ceilings in the Vatican’s papal apartments, her thoughts drifted to her father. Ms. Hochul was last in Rome seven years ago with her father, who was celebrating his 80th birthday. He passed away suddenly in October, while the governor was on another diplomatic trip abroad, visiting Israel. “It was a profound experience for me, sitting there reflecting on my family’s teachings,” Ms. Hochul said on Thursday. It was the second such trip taken by a New York leader in a week: Mayor Eric Adams of New York City met with the pope on Saturday.

Persons: Kathy Hochul, Pope Francis, Clementine Hall, Ms, Hochul, ” Ms, “, Eric Adams Organizations: Catholic, New Locations: New, Rome, Israel, Italy, New York, New York City

☆ See inside Kykuit, a 40-room mansion in New York that once belonged to the richest man in the world
▼ + stars: | 2024-05-13 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Kykuit (pronounced "kai-kit"), a 40-room Classical Revival-style villa in Sleepy Hollow, New York, was his idyllic seasonal oasis about 30 miles north of New York City. Today, visitors can tour the home and its lush gardens overlooking the Hudson River through Historic Hudson Valley.

Persons: —, John D, Kykuit, Rockefeller, Nelson A Organizations: Service, Library of Congress, Harvard Business School, Business, New, National Trust for Historic Preservation, Valley Institute, Historic Hudson Valley . Locations: United States, Sleepy Hollow , New York, New York City ., New York, Hudson, Historic Hudson Valley

☆ The Battle for The Streets of New York
▼ + stars: | 2024-05-13 | by ( Dodai Stewart | ) www.nytimes.com time to read: +11 min

New York City streets and sidewalks have always been crowded, but it’s never been like this. But lately, New York City streets are teetering between lively and unlivable. Karsten Moran for The New York Times“I think this could be the catalyst for a streets renaissance in New York,” Janette Sadik-Khan, New York City’s former transportation commissioner, said in a recent interview. New York City’s population reached 8.8 million in 2020, and the New York region is now home to nearly 19 million people. Use this form to tell us what you think about the state of New York City’s streets.

Persons: it’s, Karsten Moran, ” Janette Sadik, “, ”, Susan Lee, William Notman, Jon Orcutt, you’re, —, Henry Hale Bliss, Bliss, James Nevius, George Rinhart, Damon Winter, Sadik, Yorkers who’ve, Ms, Khan Organizations: New, Lexington, Verizon, FedEx, The New York Times, Broadway, Getty, Yorkers, Brooklyn baseball, Midtown, Bike New, city’s Department of Transportation, Park West, Times, New York Times, Cycling Locations: New York City, New York, Manhattan, , New York, York, York’s, Midtown —, Bike New York, United States, Holland, Jackson, Queens, Bogotá, Stockholm, London, Paris, Europe, —

☆ Steve Buscemi punched in the face while walking in NYC
▼ + stars: | 2024-05-13 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Hollywood actor Steve Buscemi has been treated for injuries after being punched in the face while walking in New York City. The New York City Police Department (NYPD) told CNN it is investigating the assault, which took place on Wednesday and is the latest in a string of random attacks in the city. Last month, CNN spoke to half a dozen women who said they were hit in the face out of nowhere while on the streets of New York City. “He is ok and appreciates everyone’s well wishes, though incredibly sad for everyone that this has happened to while also walking the streets of NY,” the statement said. “Upon arrival, officers were informed a 66-year-old male was punched in the face by an unidentified individual,” the police statement said.

Persons: Steve Buscemi, New York City Police Department “ Buscemi, ”, Buscemi Organizations: CNN, Hollywood, The New York City Police Department, New York City Police Department, Manhattan, NYPD, NYC Health Locations: New York City, New, NY, Bellevue, Brooklyn , New York

☆ Cohen Pleaded Guilty to Federal Crimes Tied to Trump Before Testifying
▼ + stars: | 2024-05-13 | by ( Ben Protess | More About Ben Protess | ) www.nytimes.com time to read: +1 min

He also pleaded guilty to personal financial crimes unrelated to Mr. Trump, including tax evasion. Three months later, Mr. Cohen was back in federal court to plead guilty once again. That time, he accepted responsibility for lying to Congress about plans to build a Trump Tower in Moscow, saying he did so out of loyalty to Mr. Trump. His loyalty faded in 2018 as the authorities closed in on Mr. Cohen, and Mr. Trump shunned him. Mr. Cohen is now the star witness in Mr. Trump’s criminal trial in Manhattan, which centers on a hush-money deal.

Persons: Michael D, Cohen’s, Cohen, Donald J, Trump, Mr Organizations: Trump, Mr Locations: Moscow, Manhattan, Otisville, New York City

☆ Trump's 'multi-tasking' defense is falling apart in court
▼ + stars: | 2024-05-12 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

AdvertisementThis is one of the arguments Donald Trump's lawyers have advanced in his defense for his hush-money trial: Trump didn't do anything wrong. Cohen met with Allen Weisselberg, the now-former Trump Organization CFO, in January of 2017 to hash out how he'd get reimbursed by Trump and the Trump Organization, according to records shown at trial. Occasionally, he'd write "VOID" on one he didn't want to be paid, according to Trump Organization employee Deborah Tarassoff. If Trump had a question about a check, he'd talk with a Trump Organization employee about it, Westerhout testified. Advertisement"Am I correct that when he would sign checks, he was often multitasking?"

Persons: —, Donald, Trump, Michael Cohen, reimbursing Michael Cohen —, Stormy Daniels, Daniels, Cohen, Hope Hicks, Hicks, Susan Necheles, Madeleine Westerhout, Necheles, Westerhout, he's, — Trump, Allen Weisselberg, he'd, Weisselberg, Jeffrey McConney, Trump's, Keith Schiller, Deborah Tarassoff, Tarassoff, Rhona Graff, Donald Trump, Westerhout didn't, Rebecca Manochio, Manochio, Graff, what's Organizations: Service, Business, FBI, The Manhattan, Attorney's, Trump Organization, Wall Street, Trump, Washington Post, FedEx, White, Manhattan, New York Locations: United States, New York, North Korea, Russia, Manhattan, Washington, DC, New York City, Westchester

☆ Michael Cohen: A challenging star witness in Donald Trump's hush money trial
▼ + stars: | 2024-05-12 | by ( ) www.cnbc.com time to read: +4 min

Michael Cohen, former attorney for Donald Trump, leaves after attending the Trump Organization civil fraud trial in New York State Supreme Court in the Manhattan borough of New York City on Oct. 24, 2023. Now Michael Cohen is prosecutors' biggest piece of legal ammunition in the former president's hush money trial. There is his tortured history with Trump, for whom he served as personal attorney and problem-zapper until his practices came under federal investigation. That led to felony convictions and prison for Cohen but no charges against Trump, by then in the White House. Those arrangements, which Manhattan District Attorney Alvin Bragg's office portrays as a multipronged scheme to keep information from voters, are now under a microscope at Trump's hush money trial.

Persons: Michael Cohen, Donald Trump, Cohen, Trump, Richard Serafini, Loyalist, Cohen's, dings, Alvin Bragg's, reimbursements, Stormy Daniels, Daniels Organizations: Trump Organization, Court, Reuters, Trump, FBI, National Enquirer, Manhattan Locations: New York, Manhattan, New York City, Florida

☆ New York City Deserves a Birthday Party Worthy of Its Greatness - The New York Times
▼ + stars: | 2024-05-12 | by ( Kenneth T. Jackson | ) www.nytimes.com time to read: +1 min

New York City has an image problem. The nightly news typically has a Big Apple spot about unprovoked street violence, subway attacks, drive-by shootings, shoplifting gangs and homeless encampments. The upcoming 400th anniversary of New York City in 2025 offers a great opportunity to change the prevailing narrative. A world-class party could attract more tourists to the world’s greatest city. And Gotham has thousands of citizens who care deeply about the past and who would eagerly embrace the opportunity to show their love for the city.

Persons: Eric Adams, we’ve Organizations: Apple, New Locations: York City, Gotham, United States, New York City

☆ Who Are Key Players in the Menendez Case?
▼ + stars: | 2024-05-11 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: +7 min

Who Are Key Players in the Menendez Case? Mr. Menendez goes to trial on May 13 with two of the businessmen, Fred Daibes and Wael Hana. Fred Daibes New Jersey Real Estate Developer Mr. Daibes is accused of giving Mr. Menendez furniture, gold and cash. Nadine Menendez Mr. Menendez’s Wife Ms. Menendez served as a go-between for Mr. Menendez, Egyptian intelligence officials and men who were seeking political favors from the senator, according to the indictment. Defense LawyersAdam Fee Lawyer for Robert Menendez He previously spent five years as a prosecutor in the U.S. attorney’s office for the Southern District — the same office prosecuting Mr. Menendez.

Persons: Menendez, Robert Menendez, Nadine Menendez, Mr, Fred Daibes, Wael Hana, Menendez's, Daibes, Nadine Menendez Mr, Menendez’s, Ms, Jose Uribe, Uribe, Uribe's, Sidney H, Stein, Bill Clinton, Jennifer Shah, Hassan Nemazee, Damian Williams, Williams, President Biden, Sam Bankman, Fried, Juan Orlando Hernández, Christina Clark, Clark, Charles McGonigal, Catherine Ghosh, Eli Mark, Paul Monteleoni, Robert Hadden, Lara Pomerantz, Ghislaine Maxwell, Jeffrey Epstein, Norman Seabrook, Daniel Richenthal, Sheldon Silver, Michael Avenatti, Adam Fee, Fee, Avi Weitzman, Lawrence Lustberg Organizations: Democrat, Robert Menendez New Jersey, Senate Foreign Relations, Jersey Real, EG, Prosecutors, United, Jose Uribe Former New, Benz, U.S, Southern, of, Democratic, Attorney, Southern District of, ex, Public, New, New York City Housing Authority, Justice Department, Southern District’s, New York State Assembly, Nike . Defense, Southern District Locations: New Jersey, Manhattan, Jersey, Egypt, Qatar, United States, Jose Uribe Former New Jersey, of New York, Southern District, Southern District of New York, Russian, New York City, Brooklyn, Columbia, New York, U.S, California

☆ Inflation data commands center stage next week and provides a test for the market rally
▼ + stars: | 2024-05-11 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

All three major U.S. stock indexes closed higher for the week, led by the Dow Jones Industrial Average . The Nasdaq Composite added 1.14% while the S & P 500 advanced 1.85% in a relatively quiet week of economic updates. Within the portfolio, Disney and Wynn Resorts released quarterly numbers; we took issue with the stock reaction to both reports. It also raises the stakes around major economic releases, such as next week's consumer inflation report. In the week ahead, earnings season continues — headlined by Walmart on Thursday — and inflation data will dominate the economic calendar.

Persons: We've, Jim Cramer, Dow Jones, we'll, We'll, Stanley Black, Decker, Jack, JACK, Arcutis, Spero, JD.com, Armour, Jim Cramer's, Jim, Carlo Allegri Organizations: Dow Jones, Nasdaq, Disney, Wynn Resorts, Procter, Procter & Gamble, Walmart, CPI, PPI, Club, Home Depot, Biotech Corporation, Music Entertainment, Central Puerto S.A, TeraWulf Inc, Paysafe Group Holdings, QuickLogic Corporation, Kopin Corp, Royalty Corp, Agilysys Inc, Crop Solutions Corp, Inovio Biomedical, Intercorp Financial, Lithium, Argentina ) Corp, Sea, Sony Group Corporation, SONY, Holding, HudBay Minerals, Autolus Therapeutics, Game Technology, Nu Holdings, Dragonfly Energy Holdings Corp, Bakkt Holdings, Prestige Consumer Healthcare, SilverCrest Metals, Inc, Mining Corp, Acurx Pharmaceuticals, Cresco Labs, Dole plc, DOLE, Arcos Dorados Holdings, ARCO, Cisco Systems, Grab Holdings, Copa Holdings S.A, Technologies, Iris Energy, KORE Group, Super, Spero Therapeutics, ZTO, Baidu, Deere & Company, NICE, Lightspeed Commerce, Ship Lease, Canada Goose Holdings, Drainage Systems, Consolidated Water Co, Outlook Therapeutics, Despegar.com, Corp, DXC Technology Company, Flowers Foods, Bruker Corporation, WYNN, CNBC, Foods Locations: Procter &, Central, Cayman, Lithium Americas, Argentina, Manhattan, New York City

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