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☆ How to handle being the subject of a Taylor Swift diss track, according to PR experts
▼ + stars: | 2024-05-07 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +12 min

For a celebrity, being referenced in a Taylor Swift song can cause a PR crisis. Advertisement"He's showing due deference to the power of Taylor Swift," Nierman said. The Kim Kardashian method: Let anonymous sources do the talkingTaylor Swift and Kim Kardashian at the 2015 VMAs. "I don't think Taylor Swift really needs to negotiate with anyone. Advertisement"Everything is done for a reason and any person would be a fool to bet against or to cross Taylor Swift," Nierman said.

Persons: Taylor, Joe Alwyn, Matty Healy, Kim Kardashian, —, Taylor Swift, Swift, Healy, TMZ, reveling, artfully, Robert Kamau, who's, Evan Nierman, Banyan, John, recoils, Erik Bernstein, Bernstein, hasn't, Nierman, Healy's, what's, Jackson Lee, Alwyn hasn't, Alwyn, Kevin Mazur, Aimee, aIMee, KIM, Kardashian, it's, John Mayer Organizations: BI, Service, Poets Department, Getty, Department, Swift, Rights Locations: New York City, London, Cincinnati , Ohio

☆ A recession in early 2025 could send the stock market tumbling 30%, strategist says
▼ + stars: | 2024-05-07 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

A recession by early next year could send stocks down 30%, says BCA strategist Roukaya Ibrahim. AdvertisementThere are two factors signaling a recession by year-end or early 2025, and a downturn could spark a 30% correction in stocks, according to BCA strategist Roukaya Ibrahim. "But eventually, the unemployment rate is going to take higher and that's going to lead to concerns about a recession." Ibrahim isn't alone in calling a recession and a steep plunge in the stock market. Wall Street veteran Gary Shilling, known for predicting the mid-2000s mortgage bubble, is also forecasting a 30% stock market crash by the end of this year, with a recession likely to crush speculative bets that have piled up in recent years.

Persons: Roukaya Ibrahim, Gary Shilling, —, Ibrahim, Ibrahim isn't Organizations: Wall Street, Service, Bloomberg Locations: Friday's, China, Europe

☆ How Nvidia is dominating an AI-obsessed earnings season without even reporting yet
▼ + stars: | 2024-05-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Nvidia is dominating earnings season, and it hasn't even reported results yet. Other mega-cap tech giants have been mentioning on earnings calls that they're boosting investment in AI infrastructure. AdvertisementThe company is gearing up for the release of its next-generation AI chip, named Blackwell, later this year. Nvidia has competition, but it still dominatesRecent earnings results from Nvidia's rival, AMD, suggest that most of this business is going to Nvidia and not its competitors. AdvertisementInvestors will have to wait until after the market close on May 22 to hear what Nvidia's earnings results actually are.

Persons: Blackwell, Elon Musk, We've, Musk, Tesla, Meta, Yann LeCun, John Werner, Brian Olsavsky Organizations: Nvidia, Microsoft, Tesla, Meta, UBS, Blackwell, AMD, Intel, Gaudi Locations: Meta

Joe Biden has tried to stake out a middle ground as protests spread across college campuses. Unlike other lawmakers of his generation, Biden largely stayed away from the Vietnam War protests that sparked upheaval on college campuses nationwide. Advertisement"I was in law school," Biden said of the Vietnam War protests, per The New York Times. Even among young voters, the trend remains the same. A Harvard Youth Poll of 18-to-29-year-olds nationwide found that the war was far less important to voters than inflation or healthcare.

Persons: Joe Biden, Biden, —, — it's, Joe Biden hasn't, haven't, That's, @eyokley, Cf5Ot4q2t4, CSeqbdsWtK, Jason I, McMann, Donald Trump, It's, Israel, Barack Obama, Trump Organizations: Service, Israel, Biden, Democratic, NBC, New York Times, Muslim, CBS, Harvard Locations: Gaza, Israel, Vietnam, Michigan

☆ 3 of Wall Street's biggest banks share what's next for markets after the largest earnings surprise in years — and 25 top stocks to invest in for stable, long-term profit growth
▼ + stars: | 2024-05-02 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Large technology stocks have continued to be a key driver of earnings growth. Those calls are based on the firms' expectation that the economy will continue to grow despite uncomfortably high interest rates. Bullish firms concur that elevated interest rates are a serious concern for investors. "Should the outlook for earnings growth deteriorate, the recent stretch of quality outperformance will likely continue and also expand to include stocks with stable growth," Kostin wrote. Along with each is its ticker, market capitalization, sector, 2024 expected earnings growth rate, and 10-year EBITDA growth variability rate, according to Goldman Sachs.

Persons: Morgan Stanley, That's, Jonathan Golub, David Lefkowitz, Stocks, they've, Mike Wilson, Morgan, 19.3x, Goldman Sachs, David Kostin, Wilson, Kostin, Russell Organizations: UBS, Business, UBS Beats, UBS Global Wealth Management, Companies, Federal Reserve

☆ ‘Should have been done yesterday’: Rural, older Americans could get hurt as affordable internet program runs out of cash
▼ + stars: | 2024-04-29 | by ( Brian Fung | Jason Carroll | ) edition.cnn.com time to read: +14 min

But in just a few weeks, her internet bills, and those of other Americans like her, could skyrocket by hundreds of dollars a year. The program is heavily used by Americans over age 50, military veterans and low-income working families nationwide, according to FCC data. Amira Karaoud/Reuters/FileRural and older usersThe ACP has quickly gained adoption since Congress created the program in the 2021 bipartisan infrastructure law. Large swaths of the ACP’s user base trend older; Americans over 65 account for almost 20% of the program. The FCC’s Lifeline program, which dates to the Reagan administration, similarly gives low-income households a monthly discount on phone or internet service.

Persons: Cindy Westman, —, I’ll, ”, Westman, ’, Westman —, Gigi Sohn, “, Biden, Allison Bailey /, Cynthia George, George, ” George, Marc Veasey, They’re, Geoffrey Starks, “ It’s, ” Starks, Amira Karaoud, Walter Durham, I’m, ” Durham, Michelle McDonough, McDonough, she’ll, doesn’t, “ I’m, ” McDonough, Kamesha Scott, Louis, Megan Janicki, ” Janicki, Reagan, Mike Johnson, Blair Levin, Johnson didn’t, Levin, Jonathan Blaine, ” Blaine, they’re Organizations: CNN, Program, Social, Federal Communications Commission, FCC, Capitol, Getty, MSN, White, ” Texas Democratic, “, Comcast, ACP, Navy, American Library Association, Lifeline, Republicans, Republican, New, Research, ” Bills Locations: Eureka , Illinois, America, Dallas, Las Vegas, Kentucky, San Diego, United States, Maine, St, Vermont

☆ History says this market downturn is just getting started. A veteran strategy chief shares 18 stocks to buy to hedge against risk and gain upside during the recovery.
▼ + stars: | 2024-04-28 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

There have been 13 other market selloffs during the second year of a bull market since 1946, Belski noted. AdvertisementFollowing its 2021 pullback, the S&P 500 finished the second year of its bull market up 22.6% and 11.5% higher than its nadir. Valuations are still historically high, and mega-cap growth companies continue to make up a disproportionately large share of the S&P 500. Since Belski thinks this bull market has legs, he doesn't want to forgo future upside. These firms have higher earnings growth than the median S&P 500 name and also have lower price-to-earnings (P/E) and P/E-to-growth (PEG) ratios — a recipe for success.

Persons: —, pales, Keith Lerner, Truist, Lerner, who've, Brian Belski, he's, Belski, selloffs Organizations: Service, Business, BMO Capital Markets, selloffs

☆ Saudi Arabia wants big spenders for the first part of its Neom megaproject
▼ + stars: | 2024-04-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Saudi Arabia plans to open the first part of its Neom megaproject this year. Saudi Arabia is pushing to distinguish itself in the high-end luxury market to compete with Dubai. AdvertisementSaudi Arabia plans to open the first region of its Neom megacity by the end of the year. Neom recently ended investor roadshows in China by confirming the luxury island resort would open this year, Arab News reported. A rendering of The Line, part of the Neom project planned by Saudi Arabia.

Persons: —, Neom, roadshows, It's, Marriott Bonvoy, Chadi, MDLBEAST, Kristian Coates Ulrichsen, Saudi Arabia hasn't, Ulrichsen, Saudi Crown Prince Mohammed bin Salman's Organizations: Dubai, Service, Arab News, Marriott, United, Rice, Baker Institute for Public Policy, Emirates, Saudi, Bloomberg, Business Locations: Saudi Arabia, Sindalah, China, Saudi, Vives, Dubai, United Arab Emirates, Saudi Crown, Gulf Kingdom

☆ Here's how Caitlin Clark's $338,000 WNBA contract compares to No. 1 picks from the NFL, NBA and MLB
▼ + stars: | 2024-04-18 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

1 overall selection by the Indiana Fever in this week's WNBA draft, Clark's salary her first season will be just over $76,000. Clark's pay will escalate over the course of her four-year rookie contract, leaving her with total earnings of $338,056. The WNBA has grown in popularity in recent years, but it still trails behind the NBA, NFL, MLB and NHL. The highest paid WNBA player is Las Vegas Aces star Jackie Young, who will earn just over $250,000 this season. Here's how Clark's rookie deal stacks up against the most recent top picks from America's big four sports leagues.

Persons: Caitlin Clark, she'll, Jackie Young, Steph Curry, Cathy Engelbert, we're Organizations: WNBA, Indiana, Gatorade, Nike, NBA, NFL, MLB, NHL, Las Vegas Aces, Golden State Warriors, CNBC Locations: State

☆ D.N.C. Helped Pay Biden’s Legal Bills in Special Counsel Investigation
▼ + stars: | 2024-04-12 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Even as some of President Biden’s top campaign officials were attacking Donald J. Trump’s campaign for soliciting donations to pay his legal fees, the Biden-aligned Democratic National Committee was helping pay for lawyers in the special counsel investigation into Mr. Biden’s handling of classified documents. has directed at least $1.7 million to lawyers since July to cover the president’s representation in the documents inquiry, a figure that pales in comparison to Mr. Trump’s use of supporters’ donations to pay his hefty legal fees. The former president has spent more than $100 million on legal bills since leaving office, relying almost entirely on donations. Federal Election Commission records show that since the investigation began last year, the D.N.C. has paid $1.05 million to Bob Bauer, the president’s lawyer.

Persons: Biden’s, Donald J, Bob Bauer, Jennifer Miller, Biden, ”, —, Axios, Barack Obama Organizations: Biden, Democratic, Committee, Commission Locations: Boston

☆ Jim Cramer's week ahead: Nonfarm payroll data and Disney's proxy fight comes to a head
▼ + stars: | 2024-03-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday guided investors through next week's Wall Street action, saying to pay attention to new nonfarm payroll data and Walt Disney's annual shareholder meeting, where its long and arduous proxy fight will come to a head. "Keep an eye on the employment report, because everything else that's coming next week pales in comparison — even the no-holds-barred Disney proxy fight." On Monday, Cramer expects decent earnings from PVH , an apparel maker known for brands including Calvin Klein and Tommy Hilfiger. Walt Disney 's annual shareholder meeting will take place on Wednesday, bringing an end to the company's monthslong bitter proxy fight with activist investor Nelson Peltz. On Friday, the U.S. Department of Labor will release the nonfarm payroll report, and Cramer said he's expecting strong figures.

Persons: CNBC's Jim Cramer, we'll, Cramer, Calvin Klein, Tommy Hilfiger, he's, Walt Disney, Nelson Peltz, Levi Strauss, Conagra, Slim Jims, Orville Redenbacher's, Boyardee, haven't Organizations: Walt, Disney, Enterprise Products Partners, U.S . Department of Labor Locations: Paychex

The biggest monthly bills Americans pay each month are mortgage, rent, and auto loans. AdvertisementThe biggest monthly bills Americans pay each month are mortgage, rent, and auto loans, according to the report. The other most common bills include utilities, auto insurance, cable and internet, mobile phones, health insurance, life insurance, and home security. Of those monthly bills, utilities, mobile phones, and health insurance have jumped the most in the last five years. AdvertisementThe most common monthly bills are just part of the picture for manyThese bills are just one piece of the picture showing the current cost of living.

Persons: Lynnette, Cox Organizations: Census Bureau, Resilience, Business Locations: Doxo

☆ Boomers fed up with Florida are moving to southern Appalachia, fueling a population spike in longtime rural communities
▼ + stars: | 2024-03-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Boomers who once flocked to Florida are increasingly ditching the state for southern Appalachia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementFor decades, Florida has remained a top destination for retirees looking to settle down roots as they enjoy their golden years. Many boomers moving into southern Appalachia have also bypassed Florida altogether. But some new residents fear Dawson County will simply become a northern outpost of the vast Atlanta metropolitan region, known for its suburban sprawl.

Persons: Boomers, —, Ed Helms, Johnnie, Billy Thurmond Organizations: Service, Street Journal, Northeast Locations: Florida, Appalachia, Midwest, Southwest Virginia, North Georgia, North Carolina, South Carolina, Alabama, Tennessee, Appalachian, Dawson County , Georgia, Dawsonville, Atlanta, Dawson, Pickens, Panama City Beach , Florida, Dawson County

☆ Treasure-hunter using a faulty metal detector discovered England's 'largest' gold nugget worth $38,000
▼ + stars: | 2024-03-24 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

A metal detectorist found what he believes is the largest gold nugget ever found in England. AdvertisementA metal detectorist in England found what might be the biggest gold nugget ever found in the country, worth an estimated £30,000 or around $38,000. Richard Brock unearthed the gold nugget, which weighs 64.8 grams, in England's Shropshire Hills — despite turning up to the search late and using faulty equipment. The most expensive metal detector can cost $15,000, but starter models are available for a few hundred dollars. While Brock celebrates his gold nugget find in England, it pales compared to one of the greatest discoveries with a metal detector.

Persons: —, Richard Brock, Brock, I'd, Mullock Jones, Simon Beresford, Cortez Organizations: Service, YouTube, Guardian, Shack Locations: England, England's Shropshire, Mexico

☆ ACP, a digital lifeline for millions of Americans, is in jeopardy. Here’s why
▼ + stars: | 2024-03-23 | by ( Brian Fung | ) edition.cnn.com time to read: +13 min

Cynthia George is one of millions of Americans in jeopardy of losing their home internet access. Yet Congress is nowhere close to approving the $6 billion that President Joe Biden says would renew the ACP and avert calamity for tens of millions of Americans. Courtesy Michelle McDonoughLike George, McDonough also expects she’ll have to cut back on groceries if the ACP goes away. The FCC’s Lifeline program, which dates to the Reagan administration, similarly gives low-income households a monthly discount on phone or internet service. “You’re taking ACP away from the farmers that can check the local produce prices and be able to reasonably negotiate their prices with retailers.

Persons: Cynthia George, Cynthia George George, Joe Biden, Pedro Ugarte, ”, Gigi Sohn, “, George, ” George, Michelle McDonough, McDonough, she’ll, doesn’t, “ I’m, ” McDonough, Mandel Ngan, Gary Johnson, Paul, —, Kamesha Scott, Louis, Scott, Megan Janicki, ” Janicki, Reagan, Biden, ” Blair Levin, Bill Clark, Levin, Jonathan Blaine, ” Blaine, Blaine Organizations: Washington CNN, MSN, Federal Communications Commission, Program, Lawmakers, ACP, FCC, Getty, CNN, ”, White, Comcast, George, Congress, Paul Bunyan Communications, American Library Association, Lifeline, House Republicans, New, Research, Republican, ” Lawmakers Locations: Washington ,, AFP, United States, Maine, Washington , DC, Minnesota, St, “, Lake Havasu City, Ariz, Vermont

☆ Realtor Lawsuit Settlement Will Change the Housing Market Forever
▼ + stars: | 2024-03-17 | by ( James Rodriguez | ) www.businessinsider.com time to read: +7 min

AdvertisementThese changes, spread out over millions of transactions a year, have the chance to reshape the housing market. Real-estate agent commissions have hovered between 5% and 6% of the sale price for decades. If sellers are in a desirable market, they might start offering less commission to buyers' agents, or none at all. This would force buyers' agents to get more creative. It has made it clear that it doesn't want sellers offering compensation to buyers' agents.

Persons: there's, Rich Pedroncelli, doesn't, they're, Bret Weinstein, they'll, I'm Organizations: National Association of Realtors, Federal Reserve Bank of Richmond, Department of Justice, NAR, DOJ, AP, MLS, Department, Justice Locations: Denver

☆ Even the stars of 'Madame Web' can't get away from the Sony Marvel movie fast enough
▼ + stars: | 2024-03-14 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewWith Sony's "Madame Web" failing to ignite the box office, the actors from the Marvel movie are already distancing themselves from the Spider-Man adjacent project. "Madame Web" earned itself a lowly 12% critic's rating on Rotten Tomatoes. The star then suggested that the idea for "Madame Web" looked different when she originally signed onto the project. This isn't the first time a Sony Marvel movie has bombed spectacularly. Hopefully, they're more successful than "Madame Web," and "Morbius," because Sony can't afford any more Marvel misfires.

Persons: —, Cassandra Web, Johnson, Ezekiel Sims, Tahar Rahim, Dakota Johnson, Sydney Sweeney, Julia Cornwall, Sweeney, Audiences, Jared Leto, Kraven, Aaron Taylor, Tom Hardy, Marvel Organizations: Service, Marvel, Business, Los Angeles Times, Sony, Rotten, Hollywood, Sony Marvel

☆ What to expect in Friday’s jobs report
▼ + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.

Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, ”, ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, “ Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, ”, Labor Department Locations: New York, US

☆ Home prices are falling in these 32 real estate markets as affordability improves after the toughest quarter in 38 years
▼ + stars: | 2024-02-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Modest yet meaningful declines in home prices and mortgage rates gave aspiring homeowners some much-needed relief in the fourth quarter, according to recently released data from the National Association of Realtors (NAR). The third quarter of 2023 was the worst three-month stretch for home affordability in 38 years , according to data from the NAR’s housing affordability index. In nearly half of US markets, families bringing in less than $100,000 couldn’t afford to buy a standard home on a 10% down payment last quarter, according to the NAR. 32 cities where home prices are fallingProperty value gains were widespread and significant in the fourth quarter. Below are those 32 US cities where single-family homes got cheaper in the fourth quarter compared to the prior year, according to the NAR.

Persons: —, ”, Lawrence Yun, Yun, That’s, ” Yun Organizations: Service, National Association of Realtors, Business, NAR, ” Homeowners Locations: Northeast

☆ Red Sea crisis: How global trade is being upended by attacks on container ships
▼ + stars: | 2024-02-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

That’s added as much as two weeks to a typical East-to-West journey for container ships, and 18 days for slower bulk carriers and tankers. Global container shipping costs are less than half their level during the coronavirus pandemic, which peaked at $10,380 in September 2021. Even so, he said, container shipping is “very cost-effective” as many goods can be packed into a single shipping container. The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea on November 20, 2023. Fewer oil tankers have avoided the Red Sea than container ships, which the Houthi militants more closely identify with Western countries allied with Israel.

Persons: Richard Meade, Tesla, Peter Sand, Good Hope, That’s, ”, Lloyd —, “, ” Simon MacAdam, ” Maersk, Meade Organizations: London CNN —, Hamas, Lloyds, CNN, Maersk, Hapag, Carriers, Global, Container, Capital Economics, Organisation for Economic Co, Development, Galaxy Leader, Houthi Military Media, Reuters Locations: Iran, Suez, Asia, Europe, Germany, Swedish, Africa, South Africa’s, Good, Sand, Vietnam, Drewry, Shanghai, China, Rotterdam, Netherlands, Xeneta, Israel, United States, Canada

But with regard to endorsements, Haley hasn’t necessarily benefited from the Trump holdouts, notably because they haven’t gone as far as to endorse her for the nomination. So while the holdouts might bother him on a personal level, they likely don’t have much influence over the Republican nomination in 2024. Senate Minority Leader Mitch McConnellMcConnell has said he has “essentially stayed out” of the GOP nomination process. 2 Republican, had endorsed Scott as a candidate for the GOP nomination. He’s in a commanding position, and I’ve said all along I’ll support the nominee,” Thune said about Trump on Wednesday.

Persons: Donald Trump, Nikki Haley, Haley, she’s, ” Haley, ”, Trump, Nikki ‘ Birdbrain ’ Haley, ” Trump, MAGA, Haley hasn’t, Chris Sununu, –, Ron DeSantis, Sen, Tim Scott of, Marco Rubio, Sarah Huckabee Sanders, Josh Hawley, Ted Cruz, Lindsey Graham of, John Barasso of, John Cornyn of, Deb Fischer, Nebraska, Mitch McConnell McConnell, McConnell, Mitt Romney, Utah Romney, Romney, hasn’t, Joe Biden, West Virginia Democratic Sen, Joe Manchin, Susan Collins of Maine Collins, Collins, John Thune of, Scott, Thune, “ I’m, I’ve, ” Thune, I’ll, Schumer, ” Sen, Joni Ernst, Iowa Ernst, Ernst Organizations: Republican, South Carolina Gov, Trump, Iowa, Donald Trump View, Republican Party, True American Patriots, New Hampshire Gov, Florida Gov, GOP, Capitol, West Virginia Democratic, John Thune of South Dakota Thune, Senate, Biden Locations: New Hampshire, “, South Carolina, Florida, Tim Scott of South Carolina, Marco Rubio of Florida , Arkansas, Josh Hawley of Missouri, Ted Cruz of Texas, Sen, Lindsey Graham of South Carolina, John Barasso of Wyoming, John Cornyn of Texas, Utah, John Thune of South Dakota, South Dakota, Iowa

☆ All 4 major student-loan companies have now gotten punished for customer service issues as borrowers struggle with repayment — and it might not be the end
▼ + stars: | 2024-01-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Read previewIt hasn't been easy for student-loan borrowers since payments restarted a few months ago — and for the companies that manage their debt. The Education Department is aware of those errors and highlighted them in an internal Federal Student Aid memo in November. AdvertisementIn the past fiscal year, Congress did not boost funding for Federal Student Aid, which oversees all student-loan operations. And in the current round of budget negotiations, House Republicans have proposed steep cuts for Federal Student Aid. One servicer, MOHELA, told Democratic lawmakers in response to queries on repayment preparation that "millions of borrowers resumed repayment simultaneously after a multi-year pause."

Persons: —, Joe Biden's, MOHELA, servicers, Miguel Cardona, that's, servicer, I'm, Harris, Cardona Organizations: Service, Business, Joe Biden's Education Department, Education Department, Department, Education, Federal, Aid, The Education, Federal Student Aid, House Republicans, Democratic, Biden, Harris Administration

☆ The Israel-Hamas war has already forced U.S. military action. Is war with Hezbollah next?
▼ + stars: | 2024-01-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Picture Alliance | Picture Alliance | Getty ImagesIs a wider Middle East war — expanding beyond the borders of Gaza and Israel — inevitable? An all-out war between Israel and Hezbollah — the Iranian-backed Lebanese Shia militant organization designated as a terrorist group by the U.S. and UK — would be devastating for both sides. Lebanon, meanwhile, is in the midst of economic and political crisis, its infrastructure wholly unprepared for a new war. Evelyn Hockstein | Afp | Getty ImagesFor Charles Freilich, a former Israeli deputy national security adviser, war between Israel and Hezbollah is practically a foregone conclusion. But, he warned, "The war in Gaza pales in comparison to what a war with Hezbollah would look like.

Persons: Wissam tawil, Antony Blinken, Evelyn Hockstein, Charles Freilich, Freilich, Nimrod Novik, Hassan Nasrallah, Israel —, Naim Qassem, Wissam Tawil, Mahmoud Zayyat Organizations: Iranian, Getty, Israeli Air Force, State Department, Jan, Hezbollah, U.S, Afp, Haaretz, Israel Policy Forum Locations: Lebanese, Khirbit, Gaza, Israel, Lebanon, Yemen, Iran, Red, . Washington, Doha, Tel Aviv, Kherbet Selm

☆ Match shares surge on report activist investor Elliott takes $1 billion stake
▼ + stars: | 2024-01-09 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Shares of Tinder owner Match jumped as much as 12% during Tuesday morning trading after The Wall Street Journal reported that Elliott Management, the activist investing firm behind campaigns at Salesforce and Pinterest , had built a roughly $1 billion stake in the online dating company. The company had a market cap of $10 billion at the close Monday, but that pales in comparison to its more than $45 billion market cap in 2021. Elliott is expected to engage with Match management, the Journal reported citing people familiar with the matter, but it was not clear if that engagement would include nominating its own directors. But the company reported a continued tumble in so-called Tinder payers in November when it reported third-quarter earnings. A spokesperson for Elliott Management was not immediately available for comment.

Persons: Gary Swidler, Greg Blatt, Sam Yagan, Nelson Griggs, Elliott, Jesse Cohn Organizations: Match, Match Group, Nasdaq, Street Journal, Elliott Management, JPMorgan, Phillips, CNBC, Citrix, eBay, Twitter Locations: New York City, Salesforce

☆ A war over Taiwan would be even more damaging to the US economy than COVID was, Bloomberg forecasts
▼ + stars: | 2024-01-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

A war over Taiwan could wipe out 6.7% from the US economy in its first year, according to a Bloomberg Economics analysis. AdvertisementThe US economy could take a major hit if war breaks out over Taiwan, according to a Bloomberg Economics analysis published on Tuesday. US GDP could take a 6.7% hit in the first year of conflict if Washington gets drawn into the war, Bloomberg forecasts. AdvertisementOverall, a war over Taiwan could hit the world's economy to the tune of $10 trillion — or about 10% of global GDP — Bloomberg forecasts. Bloomberg Economics' analysis is based on geopolitical considerations and economic modeling.

Persons: —, Xi Jinping, William Lai Ching, Lai, Vishnu Varathan Organizations: Bloomberg, Service, Democratic Progressive Party, Mizuho Bank Locations: Taiwan, China, Washington, South Korea, Japan, Beijing, Asia

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