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☆ UK Prime Minister Rishi Sunak draws criticism over Adidas Samba sneakers
▼ + stars: | 2024-04-09 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Because UK Prime Minister Rishi Sunak was seen wearing a pair. “In a bid to present himself as young and hip… Sunak took an eternally cool sneaker, and ruined it for everyone,” added British GQ. It’s a far cry from the public reaction another political leader received after being spotted in a pair of sneakers. Mohd Rasfan/AFP/Getty ImagesSo why aren’t Sunak’s Sambas striking the same chord? Even the most ardent sneakerheads know there is a time and a place for a gum sole, and the British public have decided on-camera at 10 Downing Street is neither.

Persons: CNN — It’s, Harry Styles, Kaia Gerber, Bella Hadid, Paul Mescal, Rihanna, it’s, Rishi Sunak, ”, “, relatable, Michael Hogan, … Sunak, It’s, Barack Obama, Stan Smiths, Kamala Harris, Chuck Taylors, Mohd Rasfan, Obama, Bill Clinton, George W, Bush, Ronald Reagan, Harris, Kevin McCarthy, Hakeem Jeffries, Donald Trump, Trump Organizations: CNN, Adidas Sambas, UK, Conservative, British, Guardian, GQ, Obama, Sneaker Con, Downing Locations: Kuala Lumpur, Malaysia, AFP, New York, Philadelphia, American

☆ Sydney Sweeney and Glen Powell set the record straight on romance rumors during ‘SNL’ monologue
▼ + stars: | 2024-03-03 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Sydney Sweeney is once and for all shutting down those rumors that she and her “Anyone But You” co-star Glen Powell are romantically involved. “The craziest rumor I’ve seen is that while I was filming ‘Anyone But You,’ I was having an affair with my co-star Glen Powell,” first-time “Saturday Night Live” host Sweeney said during her monologue. (From left) Andrew Dismukes, Glen Powell and Sydney Sweeney on 'SNL.' From NBCSweeney clarified that Powell is not her fiancé but reassured the audience that Davino is hanging out backstage in her dressing room. The “Top Gun: Maverick” star also appeared in a sketch later in the episode, swooping in to steal Sweeney’s character from an awkward date.

Persons: Sydney Sweeney, Glen Powell, ”, Sweeney, Jonathan Davino, “, we’re, Davino, Powell, Andrew Dismukes, NBC Sweeney, Josh Brolin, Ariana Grande Organizations: CNN, NBC, SNL, Ariana Locations: Las Vegas, Australia

☆ Nvidia Is a Must-Buy. Or Is It?
▼ + stars: | 2024-02-22 | by ( Joe Rennison | ) www.nytimes.com time to read: +1 min

In 2002, after the dot-com bubble burst and Sun Microsystems swooned, the company’s co-founder Scott McNealy highlighted the folly of Wall Street analysts who favored one particular financial metric to gauge a stock’s worth: its price relative to the company’s sales. Mr. McNealy was musing about the “price to sales” ratio — an important measure of a company’s value relative to how much cash it generates. A high ratio can be justified if investors think a company has room to grow; a low ratio typically signals that investors think the company is accurately valued. Even if Sun passed on every dollar it was making at the time to investors, it would have taken them a decade to recover their investment. “Do you realize how ridiculous those basic assumptions are?” Mr. McNealy told Businessweek.

Persons: Scott McNealy, McNealy, Sun Organizations: Sun Microsystems, Street, Businessweek

BANGKOK (AP) — China’s leaders launched a barrage of new policies this week to prop up languishing financial markets and rekindle growth in the world’s second-largest economy. The moves to support lending and spending with billions of dollars of fresh cash gathered pace when the central bank cut bank reserve requirements and issued new rules to encourage banks to lend more to property companies. HOW IS THE CHINESE ECONOMY DOING? The Chinese economy grew at a 5.2% annual pace in 2023, exceeding the government's target, and many indicators including factory output and retail sales show signs of improvement. The moves to put more money into the economy and encourage bank lending might not go far enough, many analysts said.

Persons: —, Premier Li Qiang, ”, It's, Pan Gongsheng, ” Stephen Innes Organizations: State Council, Economic, People's Bank of China Gov, Management Locations: BANGKOK, United States, China, Premier, Davos, Switzerland, Hong Kong, Beijing

☆ How to Talk About Auschwitz
▼ + stars: | 2024-01-23 | by ( Menachem Kaiser | ) www.nytimes.com time to read: +1 min

LOVERS IN AUSCHWITZ: A True Story, by Keren BlankfeldCOLD CREMATORIUM: Reporting From the Land of Auschwitz, by József Debreczeni | Translated by Paul Olchváry“Lovers in Auschwitz” is, as the title portends, a nonfiction account of two Jews who became lovers in Auschwitz. Their story lines intersect in Auschwitz, where Zippi’s position as the camp’s graphic designer allows her to communicate with David, to arrange rendezvous and to save his life. After the war, the lines diverge; Zippi and David don’t see each other again for 72 years. Yes, Zippi and David met and fell in love and even slept with each other in Auschwitz, but nearly all of this is obliquely told. There is next to nothing about how they met or how the relationship developed; all we’re given are cringey markers of excitement.

Persons: Keren, József Debreczeni, Paul Olchváry, Keren Blankfeld, David, David don’t, It’s, Zippi, swooned Organizations: New York Times Locations: Auschwitz, Auschwitz ”, Poland, Slovakia

☆ Dividend stocks could see a revival in 2024
▼ + stars: | 2024-01-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Dividend stocks fell out of favor in 2023, even as all three major US indexes overcame regional banking turmoil, high interest rates and geopolitical tensions to notch double-digit returns. As interest rates rose to a 22-year high, investors favored bonds at attractive yields over riskier stocks offering smaller payouts. Some traders believe that dividend stocks could make a comeback this year. Larry Adam, chief investment officer at Raymond James, favors dividend stocks in sectors like tech and healthcare for their growth qualities, over traditionally defensive categories like utilities. His firm only invests in dividend stocks that have that growth component, he says.

Persons: ”, Morgan Stanley, Larry Adam, Raymond James, Adam, Elisabeth Buchwald, John Cochrane, Anna Bahney, Freddie Mac, who’ve, Sam Khater, Freddie Mac’s, Read Organizations: CNN Business, Bell, New York CNN, Mastercard, Companies, Hoover Institute, “ Locations: New York

☆ Moby Don: Trump's fraud-trial 'victim,' Deutsche Bank, praised him as a lucrative 'whale' in fawning in-house documents
▼ + stars: | 2023-11-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Reps from Deutsche Bank, which NY says was defrauded, described actually prospering thanks to Trump. Advertisement"We are whale hunting," former Deutsche Bank executive Rosemary Vrablic told her fellow bankers of Trump in an email from 2011, soon after son-in-law Jared Kushner offered to make an introduction. She contends that Deutsche Bank was defrauded out of more than $100 million in interest income. As a sophisticated international lender, the bank did its own risk analysis, apart from Trump's net-worth statements, the defense has argued. But the state has countered that any fact-checking, any profit-making, and any other non-victim-like behavior on the part of Deutsche Bank is besides the point.

Persons: Trump, —, Donald Trump's, Stans, Rosemary Vrablic, Jared Kushner, Vrablic, Donald, Trump attorney Jesus Suarez, Nam, Huh Trump, Arthur Engoron, Letitia James, Donald Trump , Jr, Ivanka Trump, Kevin Wallace Organizations: Trump, Deutsche Bank, Service, Trump - Deutsche Bank, Post, Washington , D.C, Trump attorney, Hotel, Tower, AP, AG, Trump Organization Locations: Manhattan, New York, Miami, Chicago, Washington ,

The Shanghai Composite index edged 0.1% higher to 3,054.37. Taiwan’s Taiex gained 0.2% and the Sensex in Mumbai fell 0.1%. Wall Street’s stocks drifted to a mixed finish Thursday as market momentum slowed following the sizzling rally of the first half of November. The Dow Jones Industrial Average slipped 0.1% to 34,945.47, and the Nasdaq composite gained 0.1% to 14,113.67. Stocks in the oil-and-gas industry swooned after the price of crude tumbled sharply to its lowest level since July.

Persons: Seng, Kazuo Ueda, Ueda, Australia’s, Taiwan’s Taiex, ” Yeap Jun Rong, IG, Macy’s, Sonos, Stocks, Halliburton, Brent Organizations: Nikkei, Bank of Japan Gov, U.S, U.S ., Dow Jones, Nasdaq, Walmart, Cisco Systems, Marathon Petroleum Locations: HONG KONG, U.S, New York, Shanghai, South Korea, Mumbai

☆ S&P 500 futures slip Thursday night after higher bond yields spur sell-off: Live updates
▼ + stars: | 2023-11-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

S&P 500 futures ticked lower Thursday night after the broad-market index ended an eight-day run of gains. S&P 500 futures slipped by 0.1%, while Nasdaq 100 futures slid 0.2%. "The Fed's not cutting rates … We've got to prepare for a market that's going to have higher rates until the beginning of 2025," Simpson said. As the week winds down, the S&P 500 and the Dow are poised for modest losses of 0.3% and 0.5%, respectively. Wall Street will also be listening closely toward several remarks from central bank officials, which include San Francisco Fed President Mary Daly, Atlanta Fed President Raphael Bostic and Dallas Fed President Lorie Logan.

Persons: —, Dow, Stocks, Jerome Powell, Kevin Simpson, he's, We've, Simpson, Mary Daly, Raphael Bostic, Lorie Logan Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Wynn Resorts, Federal, International Monetary Fund, Treasury, Wealth Planning, San Francisco Fed, Atlanta Fed, Dallas Fed Locations: Boston, San

☆ Morning Bid: Oil-fueled rally turns to Powell
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +5 min

[1/2] Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. And that's hit home by dragging U.S. pump prices down to levels not seen since March. Overall, U.S. 10-year yields remained on the back foot at 4.57% first thing and ahead of Wednesday's auction. Although Asian and European stocks fell back a bit, Wall St stock futures were unchanged before the bell. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jerome Powell, Kevin Lamarque, Mike Dolan, who's, Christine Lagarde, Andrew Bailey, Michelle Bowman, Austan Goolsbee, Christopher Waller, BoE, Ping, Donald Trump, White, Philip Jefferson, Michael Barr, Lisa Cook, John Williams, Joachim Nagel, Walt Disney, Ralph Lauren, Toby Chopra Organizations: Federal Reserve, Federal, Committee, REUTERS, Mike Dolan Wall, European Central Bank, Bank of England, Atlanta, Fed, Chicago Fed, St, Reuters, Ping An Insurance, HK, New York Fed, Warner Bros Discovery, MGM Resorts, Biogen, Energy, Treasury, Federal Reserve Bank of New, Thomson Locations: Washington , U.S, U.S, Gaza, Tokyo, Ohio, Kentucky, Brussels, Federal Reserve Bank of New York

☆ Yields on inflation-protected bonds spiked after the Fed’s tough outlook. What’s next for investors
▼ + stars: | 2023-09-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The yield on the 5-year TIPS was 2.48% on Wednesday afternoon, while the rate on the 10-year TIPS was 2.29%. The par value of the bonds adjusts with inflation, based on the consumer price index for all urban consumers. Duration is a measure of a bond's price sensitivity to changes in interest rates, and as bond prices swooned in 2022, TIPS also suffered. "They're not always the perfect inflation hedge in the short term, and they are very sensitive to changes in market interest rates." Be aware that while there are no state or local taxes on interest, federal taxes apply.

Persons: Brett Wander, Morningstar, US5YTIPS, Bill Ahmuty, Amy Arnott, They're, Arnott Organizations: Federal Reserve, Schwab Asset Management, Fed, State Street Global Advisors, Morningstar Research Services Locations: TreasuryDirect

☆ Who is Sam Bankman-Fried, the onetime crypto mogul set to testify in his own defense?
▼ + stars: | 2023-09-27 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +6 min

NEW YORK, Oct 26 (Reuters) - A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. Two years after launching a hedge fund, Alameda Research, Bankman-Fried founded FTX, an exchange that let users buy and sell digital assets such as bitcoin. Based in the Bahamas, Bankman-Fried became known for his mop of unkempt curly hair and for wearing rumpled shorts, even when entertaining dignitaries like Bill Clinton. They contend the theft came to a head in 2022, when crypto prices swooned and he used FTX funds to plug losses at Alameda. Defense lawyers have argued that their cooperation agreements with prosecutors encourage them to implicate Bankman-Fried in the hopes of receiving lenient sentences.

Persons: Sam Bankman, Fried, Bill Clinton, Tom Brady, Larry David, FTX, Caroline Ellison, Alameda's, Forbes, Bankman, Jane Street, Gary Wang, Ellison, Nishad Singh, Wang, Singh, District Judge Lewis Kaplan, FTX's, influencer, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: Stanford Law School, Alameda Research, Forbes, Democratic, NFL, Alameda, Massachusetts Institute of Technology, Bankman, Prison, MIT, Jane, U.S, District, New York Times, Times, Thomson Locations: Bahamas, Manhattan, Alameda, United States, Asia, New York

☆ Sam Bankman-Fried's trial to test dueling explanations for FTX’s collapse
▼ + stars: | 2023-09-26 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +6 min

He plastered FTX's logo on a basketball arena in Miami and on MLB baseball umpires' uniforms. Prosecutors say Bankman-Fried directed Wang to change FTX's computer code to allow Alameda to borrow unlimited sums of money, a privilege other exchange users lacked. Bankman-Fried's defense lawyers have indicated in court papers that they plan to challenge the credibility of all three witnesses. "The question is, when did Bankman-Fried know that there wouldn't be enough money?" Reporting by Luc Cohen in New York; Editing by Amy Stevens and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Fried, Jane Street, FTX, Damian Williams, Forbes, Bankman, It's, Mark Kasten, Buchanan Ingersoll, Rooney, Caroline Ellison, Gary Wang, Nishad Singh, Wang, Singh, Ellison, District Judge Lewis Kaplan, Paul Tuchmann, Wiggin, Dana, Luc Cohen, Amy Stevens, Daniel Wallis Organizations: REUTERS, U.S, Wall, Alameda Research, MLB, Prosecutors, Attorney, Bankman, Alameda, District, New York Times, Thomson Locations: New York, U.S, Manhattan, Miami, Alameda, Bahamas

☆ Morning Bid: Fed vigil sees oil recoil and UK surprise
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +4 min

Canada's consumer prices raced ahead at an unexpectedly brisk clip last month, but outlier Britain got a positive surprise as inflation there fell back in August. Starts swooned last month, but building permits - which many see as a better gauge of future activity - beat forecasts and pushed higher. Although Asia bourses were in the red earlier, European stocks pushed higher and Wall St futures were positive ahead of the open too. Relief in the oil market pulled two-year Treasury yields back about 5 basis points from two-month highs at 5.12%. Key developments that should provide more direction to U.S. markets later on Wednesday:* U.S. Federal Reserve policy decision, new economic projections and press conference.

Persons: Mike Dolan, Asia bourses, Mills, Toby Chopra Organizations: Federal Reserve, People's Bank of China, Bank of England, Fed, Friday's Bank of Japan, Arm Holdings, U.S, New, . Federal, Bank of Canada, FedEx, United Nations General Assembly, Reuters Graphics Reuters, Reuters, Reuters Graphics Housing, Thomson Locations: U.S, Asia, Europe, New York City, New York

☆ Morning Bid: August rescued by Nvidia, bond rally
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Brendan McDermid Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike DolanA dire August for world markets is being rehabilitated in its final week, helped by another sparkling AI-related surprise from chip giant Nvidia (NVDA.O) and a rebound in battered bond markets. The bar for surprise from Wednesday's earnings update was sky high, but the company somehow managed to vault it again. Despite the rebound the index is still down more than 4% for August - its worst month since last September. Ironically, the retreat in bond yields comes amid signs of cooling economic activity - but that comes with the significant relief that central banks may not have to squeeze any harder to get inflation back close to targets. Bond yields are in retreat in advance of the speech, helped by the easing economic data and a decent 20-year bond auction on Wednesday.

Persons: Brendan McDermid, Mike Dolan, Jerome Powell's, Jackson, China's spluttering, Bernadette Organizations: New York Stock Exchange, REUTERS, Nvidia, Federal Reserve, Fed, Treasury, Woodside Energy, Chicago Fed, Kansas City Fed, Intuit, Ulta, Reuters, Thomson Locations: New York, U.S, Frankfurt, Asia, Shanghai, Europe, Kansas, Jackson

☆ Morning Bid: Bonds calm down but Chinese markets smolder
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +4 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike DolanRestive bonds showed signs of calm on Wednesday, but China's struggling economy and markets continue to unnerve world markets. A twin jolt from resurgent western debt yields and China's deepening economic funk and property sector troubles have made for a bumpy August to date. After a slew of dour retail, industrial and property investment numbers earlier this week, China reported on Wednesday that home prices fell for the first time this year. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Segar, Mike Dolan Restive, swooned, Goldman Sachs, Neel Kashkari, I'm, Fitch, JPMorgan Chase, Mike Dolan, Emelia Sithole Organizations: Wall, New York Stock Exchange, REUTERS, Minneapolis Fed, United States, AAA, JPMorgan, Bank of America, of, Cisco, Amcor, New, New York Fed, . Federal Reserve, Reuters Graphics Reuters, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, Wall St, China, United, New York, Canada

☆ Tony Bennett, masterful stylist of American musical standards, dies at 96
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: +14 min

US singer Tony Bennett (Anthony Dominick Benedetto) performs on stage during an invitation only concert at the newly opened Encore Boston Harbor Casino in Everett, Massachusetts on August 8, 2019. "No country has given the world such great music," Bennett said in a 2015 interview with Downbeat Magazine. The evening's performance resulted in the album, "Tony Bennett: MTV Unplugged," which won two Grammys, including album of the year. Bennett would win Grammys for his tributes to female vocalists ("Here's to the Ladies"), Billie Holiday ("Tony Bennett on Holiday"), and Duke Ellington ("Bennett Sings Ellington — Hot & Cool"). He also won two Emmy Awards — for "Tony Bennett Live By Request: A Valentine Special" (1996) and "Tony Bennett: An American Classic" (2007).

Persons: Tony Bennett, Anthony Dominick Benedetto, Bennett, Antonia Benedetto, Frank Sinatra, Lady Gaga, Sylvia Weiner, Bennett didn't, Cole Porter, Irving Berlin, Jerome Kern, Sinatra, Sinatra's, Cheek, Gaga, Carrie Underwood, Amy Winehouse, Winehouse, Oscar, Amy, Porter, George Gershwin, George Cory, Douglass Cross, Ralph Sharon, Ralph, Danny, David Letterman, Fred Astaire, Elvis Costello, Billie Holiday, Duke Ellington, — Bennett, Louis Armstrong, Barbra Streisand, Paul McCartney, Stevie Wonder, Long, Susan Crow Benedetto, Anthony, Anna, James Infirmary, Bel, Miriam Spier, you'll, it's Bing Crosby, Art Tatum, Lester Young, Stan Getz, Joe Bari, Rosemary Clooney, Arthur Godfrey's, Pearl Bailey, Bob Hope, Mitch Miller, Hank Williams, Miller, Chuck Wayne, Chico Hamilton, Art Blakey, Count Basie, Harry Belafonte's, Martin Luther King Jr, Selma, Bennett's, Johnny Mandel's Oscar, Clive Davis, Tony, Bill Evans, Patricia Beech, Sandra Grant, Susan, Johanna, Antonia, Dae, —, Benedetto — Organizations: Associated Press, American, MTV, Ellington, New, Frank Sinatra School of, Arts, Armed Forces Network, Armed Forces Radio, American Theater, Arthur Godfrey's Talent Scouts, Greenwich Village, Paramount Theater, Sinatra, Columbia Records, Count Basie Orchestra, Army, Civil Rights Movement, Carnegie Hall, Columbia, IRS, Kennedy, National Endowment, Arts Jazz, Smithsonian Museum of American Locations: Everett , Massachusetts, Francisco, New York, San Francisco, Little Rock , Arkansas, Astoria, New York City, Queens, Italian, Germany, Greenwich, Montgomery, Los Angeles

☆ As regional bank stock rally regains steam, investors should watch out for these spoilers
▼ + stars: | 2023-06-13 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +6 min

With the Federal Reserve expected to pause its rate-hiking campaign at this week's meeting, regional banks stocks have made a comeback, but that doesn't mean all the trouble is in the rearview mirror. Still, the upward march resumed on Tuesday, begging the question of what's ahead for bank stocks. As the Treasury sells tens of billions of dollars in Treasury bills, it could pressure bank deposits. Graseck predicts that a reacceleration of deposit outflows would snuff out the bank stock rally. In addition, regional bank earnings estimates, which had been cut severely in March and April, had leveled off in May.

Persons: Jack Ablin, Ablin, outflows, SVB, Aditya Bhave, Bhave, Morgan Stanley, Betsy Graseck, Graseck, Nicholas Colas, Huntington Bancshares, Matt O'Connor, KeyCorp, Albin Organizations: Federal Reserve, Fed, Cresset, Silvergate, Silicon Valley Bank, Signature Bank, PacWest Bancorp, Bank of America, Treasury, DataTrek Research, Citizens Financial Group, Truist, Morgan Stanley U.S, Financials, CRE Conference, Deutsche Bank, TFC Locations: Silicon, Federal, U.S, 2Q23, New York

☆ Wall Street is split on where Coinbase shares go next as the company's legal fight with the SEC begins
▼ + stars: | 2023-06-07 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Analysts are split on how Coinbase shares perform from here as the company enters a battle with the Securities and Exchange Commission. Others see this development as a major threat to Coinbase's business, going beyond near-term financial implications. Additionally, with the complaint coming a day after the SEC sued Binance , Coinbase is likely to see new trading volumes near term, she added. "The SEC lawsuit highlights that Coinbase simultaneously operates as a broker-dealer, an exchange, and a clearing agency/custodian," he added. "We also want to underscore that the COIN business model is doing well right now," he added.

Persons: it's, Coinbase's, cryptocurrencies, Cathie Wood, Raymond James, Patrick O'Shaughnessy, SVB MoffettNathanson, Lisa Ellis, Ellis, Binance, Coinbase, Gary Gensler, Canaccord, Raymond James –, Jefferies, Trevor Williams, SEC …, Devin Ryan, Joseph Vafi, Jason Kupferberg, Michael Bloom Organizations: Securities and Exchange, SEC, CNBC, Securities, Coinbase, Bank of America Locations: U.S

☆ Casey DeSantis' mission on the 2024 campaign trail is to bring suburban women back to the GOP after Trump lost them
▼ + stars: | 2023-05-30 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +16 min

Ron DeSantis' wife, Casey DeSantis, is a chief confidant key to his political rise. He finished boasting about his "Florida Blueprint," and then his wife, Florida first lady Casey DeSantis, glided onstage. In the geography was Casey DeSantis' autobiography: raised in Troy, Ohio, and college-educated at the University of Charleston. As Florida's first lady, Casey DeSantis' initiatives included childhood emotional resiliency, child welfare, and — as a breast-cancer survivor herself — cancer research. "They did not want woke ideology shoved down the throats of their five years olds while they were in school," Casey DeSantis said.

☆ The DeSantis campaign will test whether Casey DeSantis can bring suburban women back to the GOP after Trump lost them
▼ + stars: | 2023-05-27 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +16 min

☆ Explainer: How could a US debt ceiling default hit regular Americans?
▼ + stars: | 2023-05-23 | by ( Jason Lange | ) www.reuters.com time to read: +4 min

Americans could quickly notice painful blows to their retirement accounts as stock markets swooned, and within days the lack of federal payments could weigh heavily on doctors' offices, retirees and workplaces throughout the country. At that point, Washington would be under severe pressure to keep making payments on U.S. bonds, which underpin the global financial system. Within days, the financial mayhem would be a principal force putting the economy on the path to recession, Zandi said. More Medicare bills would come due in subsequent days, and because Medicare funds about a fifth of U.S. healthcare, some doctors might not have money to pay staff and other bills. Payments could also stop going out to government contractors, including $1 billion due to defense contractors on June 5.

☆ The Metaverse, Zuckerber's Tech Obession, Is Officially Dead. ChatGPT Killed It.
▼ + stars: | 2023-05-08 | by ( Ed Zitron | ) www.businessinsider.com time to read: +11 min

The Metaverse, the once-buzzy technology that promised to allow users to hang out awkwardly in a disorientating video-game-like world, has died after being abandoned by the business world. After a much-heralded debut, the Metaverse became the obsession of the tech world and a quick hack to win over Wall Street investors. Once the tech industry turned to a new, more promising trend — generative AI — the fate of the Metaverse was sealed. But the short life and ignominious death of the Metaverse offers a glaring indictment of the tech industry that birthed it. Roblox, an online game platform that has existed since 2004, rode the Metaverse hype wave to an initial public offering and a $41 billion valuation.

☆ Watch the Donald Trump deposition for his rape trial, where he mixes up accuser E. Jean Carroll with his ex-wife
▼ + stars: | 2023-05-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Donald Trump was deposed for a rape and defamation lawsuit brought by E. Jean Carroll. Under oath, Trump denied the rapeIn response to deposition questions by Carroll's attorney Roberta Kaplan, Trump continued to deny raping Carroll, as she alleged, and called her "mentally sick" and "not my type." In the deposition, Trump said he seldom purchased gifts for women he dated and denied that he publicly dated other women while married to Maples. AP Photo/John MinchilloTrump appeared to mix up various timeframes throughout the deposition video shown to jurors. Trump's attorney Joe Tacopina has said Trump will not testify in the Carroll trial, and rested the defense case on Thursday afternoon without bringing any witnesses.

☆ Wall St slides as rate hike expectations firm, banks surge
▼ + stars: | 2023-04-14 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"As expected, the bigger banks were probably not harmed that much by the regional banking turmoil, and possibly even beneficiaries of it," Mayfield added. "We saw mostly strong and healthy balance sheets, and it's pretty clear (the regional banking) crisis isn't systemic." The S&P 500 banking sector (.SPXBK) jumped 3.4% and JPMorgan Chase surged 7.3%, setting itself up for its biggest one-day percentage gain since Nov. 9, 2020. Among the 11 major sectors of the S&P 500, financials (.SPSY) were the sole gainers. The S&P 500 posted nine new 52-week highs and two new lows; the Nasdaq Composite recorded 37 new highs and 182 new lows.

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