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☆ The portfolio’s 5 best-performing stocks since the February Annual Meeting
▼ + stars: | 2024-03-27 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Ahead of Wednesday's Monthly Meeting, here's a look at the best-performing Club stocks since Feb. 23, the session before the annual gathering, through Tuesday's close. NVDA mountain 2024-02-23 Nvidia's stock performance since the close of Feb. 23, 2024. DIS mountain 2024-02-23 Disney's stock performance since the close of Feb. 23, 2024. ETN mountain 2024-02-23 Eaton Corp.'s stock performance since the close of Feb. 23, 2024. STZ mountain 2024-02-23 Constellation Brands' stock performance since the close of Feb. 23, 2024.

Persons: Bob Iger, Nelson Peltz's Trian, Peltz, Eaton, it's, didn't, Wedbush, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Lam, Fei Organizations: Nvidia, Blackwell, Apple's, Disney, Club, ESPN, Nelson Peltz's Trian Partners, Eaton Corp, Street, Federal Aviation Administration, Boeing, Wall Street, Constellation Brands, Nielsen, Wedbush Securities, Wine, DuPont, Barclays, CNBC, Nvidia Corp, Bloomberg, Getty Locations: U.S, Tuesday's, STZ, Taipei, Taiwan

These tactics by defendant and defense counsel should be stopped," the DA's filing said, referring to Trump's attempts to further delay or derail the trial. In its filing Thursday, the DA's office called their arguments "a red herring." Federal prosecutors alleged Cohen paid the women off "in coordination with and at the direction of" Trump, who was not charged in the federal case. The former president has pleaded not guilty in the DA's case. A hearing on the matter is scheduled for Monday, when the judge could set a new trial date.

Persons: Attorney Alvin Bragg, Donald Trump, Alvin Bragg's, Robert Mueller's, Trump, Michael Cohen, Cohen, Judge Juan Merchan, it's, Stormy Daniels, didn't, Merchan Organizations: Manhattan, Attorney, Manhattan Federal, Trump, U.S Locations: Manhattan, New York, Russia

☆ Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting
▼ + stars: | 2024-03-18 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

On the eve of the Federal Reserve's two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on hold until next year. For Fed Chair Jerome Powell to cut this spring, the economy would have to dramatically weaken, according to Bianco. This week's Fed meeting comes almost exactly two years after policymakers started their rate hike campaign. It appears Wall Street may be on notice. In January, Bianco told "Fast Money" the 10-year yield would hit 5.5% this year.

Persons: Jim Bianco, CNBC's, Jerome Powell, Bianco, It's, it's, That's, we're Organizations: Federal, Wall, Bianco Research, Boeing, Fed Locations: It's

☆ Read the Rejection of Trump’s Motion to Dismiss the Documents Case
▼ + stars: | 2024-03-14 | by ( ) www.nytimes.com time to read: +1 min

23-80101-CR-CANNON ORDER DENYING WITHOUT PREJUDICE DEFENDANT TRUMP'S MOTION TO DISMISS COUNTS 1–32 BASED ON UNCONSTITUTIONAL VAGUENESS THIS CAUSE comes before the Court upon Defendant Trump's Motion to Dismiss Counts 1 through 32 Based on Unconstitutional Vagueness (the "Motion"), filed on February 22, 2024 [ECF No. 377], to which Defendant Trump filed a Reply [ECF No. The Court heard argument on the Motion on March 14, 2024 [ECF No. Upon careful review of the Motion, related filings, and the arguments raised during the hearing, Defendant's Motion is DENIED WITHOUT PREJUDICE. § 793(e) are unconstitutionally vague as applied under the facts presented, in violation of due process and the rule of lenity.

Persons: DONALD J, TRUMP, WALTINE NAUTA, CARLOS DE OLIVEIRA, Trump's, Defendant Trump, ” Organizations: UNITED STATES OF AMERICA, Plaintiff, UNITED STATES, PALM BEACH Locations: U.S.C

☆ 'Exciting idea': Fund manager loves this pharma stock — and analysts see more upside ahead
▼ + stars: | 2024-02-29 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

But one firm in the wider ecosystem that's perhaps lesser known stands out to fund manager Freddie Lait, which is McKesson Corp — the U.S. pharmaceuticals distribution company. Calling the company an "exciting idea," Lait noted that the 100-year-old business is "very defensive and very diversified." Lait manages over $750 million collectively between two funds — the Latitude Horizon Fund and the Latitude Global Fund . Of the 19 analysts covering the stock, 14 give it a buy or overweight rating, while three have hold ratings and one has a sell rating. The average price target on the stock is $550.25, according to FactSet data, giving it potential upside of 6%.

Persons: Eli Lilly, Freddie Lait, Lait, —, That's, … It's, McKesson, MCK, — CNBC's Michael Bloom Organizations: Novo Nordisk, Latitude Investment Management, CNBC, U.S, Cardinal Health, McKesson Corp, JPMorgan, Rite Aid, receivables, Leerink Partners, pharma

☆ Trump prosecutors' romantic relationship began years before Georgia election case, witness testifies
▼ + stars: | 2024-02-15 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

A Georgia judge presiding over criminal charges against Donald Trump is hearing arguments Thursday about whether to disqualify the district attorney leading the election interference case against the former president. The hearing centers on allegations from one of Trump's co-defendants that Fulton County District Attorney Fani Willis and special prosecutor Nathan Wade personally benefited from their romantic relationship. The relationship began in late 2019, shortly after Willis and Wade met at a conference, Yeartie testified. Willis and Wade adamantly deny that their relationship presents a conflict of interest warranting their disqualification from the case. Trump has pleaded not guilty to 13 criminal counts in the Georgia election case.

Persons: Fani Willis, Nathan Wade, Donald Trump, Trump's, Robin Yeartie, Willis, Wade, Yeartie, Trump, Joe Biden's, Scott McAfee, Michael Roman Organizations: Fulton County Superior Court, Manhattan Locations: Fulton County, Atlanta, Georgia, Georgia's, New York City

☆ Pressure is building on Biden to consider more student-loan borrowers for debt relief
▼ + stars: | 2024-01-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The pressure keeps building on President Joe Biden's Education Department to include as many student-loan borrowers as possible in its second debt relief plan. After the Supreme Court struck down Biden's first attempt at broad debt cancellation, the Education Department announced it would be pursuing a new route for relief using the Higher Education Act of 1965. However, it did not include a category for borrowers with financial hardship, and some of the negotiators are requesting an additional session to discuss that topic. "As we repeatedly stated in the negotiations, we think that regulations that allow the Secretary to provide debt relief based on borrowers' financial hardship are a critical part of any debt cancellation agenda," they wrote. The Education Department has not yet commented on whether it will add an additional session.

Persons: Joe Biden's, Miguel Cardona, Biden's Organizations: Service, Joe Biden's Education Department, Business, Education Department, Higher, The Education Department, Democratic, Department, Federal

☆ Harvard cancer institute moves to retract six studies, correct 31 others amid data manipulation claims
▼ + stars: | 2024-01-22 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

CNN —The Dana-Farber Cancer Institute, a prestigious Harvard teaching school, is moving to retract six studies and correct 31 others following allegations of data manipulation. The steps by the Harvard Medical School affiliate come after a molecular biologist published a blog post earlier this month alleging researchers falsified data by manipulating images. More than 50 papers are part of the ongoing review by Dana-Farber into four researchers, all of whom have faculty appointments at Harvard Medical School. Earlier this month, Sholto David published a blog post titled “Dana-Farberications at Harvard University,” alleging researchers at the cancer institute manipulated images and data. According to Rollins, Dana-Farber said it was already reviewing “potential data errors” in multiple cases that the blog listed and stressed that the issues uncovered do not necessarily amount to misconduct.

Persons: Dana, Farber, Laurie Glimcher, ” Barrett Rollins, “ Dana, Rollins, Claudine Gay, Gay, ”, Sholto David, Farberications, David, ” Rollins Organizations: CNN, Farber Cancer Institute, Harvard, Harvard Medical School, Dana, Ivy League, ” Harvard, Harvard University, Photoshop

There are three classic theories:Deterrence: Severe sentences send a message to would-be criminals and prevent crimes. “If you’re going to deter, you have to reach an audience,” John Coffee, a Columbia University law professor and an expert on white-collar crime, told DealBook. Incarceration for economic crimes has an “expressive value,” Taub said. Bankman-Fried was famously obsessed with calculating risk — an effective sentence would signal to others like him that it’s not worth rolling the dice. — Ephrat LivniWe want to hear from you: How should judges approach sentencing for white-collar crime?

Persons: ” John Coffee, DealBook, Coffee, warranting, Judge Kaplan, Jennifer Taub, Taub, ” Taub, Fried, it’s, — Ephrat Livni, Biden, Sienna, Donald Trump Organizations: Columbia University, Alameda Research, Democratic, Biden, Times Locations: Western, England, Alameda, Virginia , Kentucky , Ohio, Pennsylvania

☆ Nvidia will reportedly sell new chips to China that still meet U.S. rules
▼ + stars: | 2023-11-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Tyrone Siu | ReutersBEIJING — U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. rules aimed at curbing China's access to the tech. Nvidia is set to deliver three new chips to domestic manufacturers in the coming days, Chinese financial media Cailian Press said Thursday, citing sources. The chips — called HGX H20, L20 PCle and L2 PCle — are based on Nvidia's H100 chip, the report said. Nvidia said in a September 2022 filing the U.S. government would still allow it to develop the H100 in China. In the near term, Chinese manufacturers have no better option and they will continue to buy Nvidia's chips, while searching for replacements.

Persons: Tyrone Siu, Bo Du, Du, SemiAnalysis, Nomura, Orin Organizations: Nvidia Corporation, Reuters, Reuters BEIJING —, Nvidia, Cailian Press, WestSummit Capital Management Companies, WestSummit Capital Management, CNBC, Times, U.S . Department of Commerce, Bureau of Industry, Security Locations: Taipei, Taiwan, Reuters BEIJING, China, U.S

☆ Why the Fed could be wrong — again — on its latest interest rate call
▼ + stars: | 2023-10-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

"The Fed has never kept the target fed funds rate at peak levels for longer than nine months after a tightening cycle," Arone said. Nine months from now, at least based on history, the target fed funds rate is likely to be lower, not higher." He also sees lower rates ahead and pointed out the history of what happens with tight monetary policy. "The market is eager for lower rates or rate cuts. If the Fed has to rate cuts, it's likely because we're in recession or something in the capital markets is broken," he said.

Persons: Jerome Powell, aren't, Michael Arone, Powell, JPMorgan Chase, Jamie Dimon, Arone, Barry Sternlicht, —, I'm, They've, Thomas Ryan, Nick Elfner, Elfner, Breckinridge, Street's Arone Organizations: Federal, U.S, SPDR, State Street Global Advisors, Fed, JPMorgan, Starwood Capital, Future Investment Initiative, Capital Economics, Breckinridge Capital Advisors Locations: United States, Saudi Arabia, U.S, Breckinridge

☆ Hedge fund Eisler Capital uses basis trades to add to positive year
▼ + stars: | 2023-09-29 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

LONDON, Sept 29 (Reuters) - Hedge fund Eisler Capital posted a 4.17% positive performance for the year to end-August, it said in a letter to investors, benefiting from a basis-trade strategy that has regulators worried about financial stability risks. According to the letter seen by Reuters, basis trades have been a part of the most profitable trading strategy for the $3.7 billion London-based hedge fund this year. While the fund uses basis trades in U.S. Treasuries, it also employs them with the euro, Swiss franc and Swedish government bonds, the letter showed. A Fed paper on Aug. 30 said that if these positions represent the so-called basis trades, "sustained large exposures by hedge funds present a financial stability vulnerability" warranting "diligent monitoring." The Eisler investor letter also showed the hedge fund uses swap derivatives to mitigate the riskiness of its positions.

Persons: Eisler, Kevin Lenaghan, Nell Mackenzie, David Holmes Organizations: Eisler, Reuters, Swiss, Bank for International, Ivy Academy, Thomson Locations: Los Angeles, U.S, Europe

NICKELS & STEAMROLLEREstimating the size of hedge funds' basis trade bets is difficult because transparency and visibility around hedge funds is so low at the best of times, especially with regard to their more complex activities and strategies. Many analysts look at leveraged funds' position in Treasuries futures, and the Aug. 30 Fed paper also noted speculators' repo borrowings. This is a fairly reliable sign of basis trade activity, the Aug. 30 Fed paper says. Overnight repo rates have steadily tracked the fed funds policy rate since March 2022. Basis trade liquidation, as funds got squeezed out of their positions through margin and collateral calls as volatility rocketed, likely contributed to that dislocation.

Persons: Steven Zeng, Christoph Schon, Jamie McGeever, Paul Simao Organizations: Fed, Bank for International, Deutsche Bank, STEAMROLLER, Futures, Reuters, Thomson Locations: ORLANDO, Florida, U.S

REUTERS/Beawiharta Acquire Licensing RightsLONDON, Sept 20 (Reuters) - London Metal Exchange (LME) stocks of tin have grown steadily over the summer months and have reached levels last seen in April 2020. Around half of the tin produced every year is used as a soldering material on circuit boards, linking usage to the fortunes of the consumer electronics sector. Global semiconductor sales from SIABOOM AND BUSTTin's fortunes are closely tied to the consumer electronics sector, which has experienced a remarkable boom-and-bust cycle over the last three years. That translated into a boom year for tin demand, usage growing by 7.6%, led by a 12.2% rise in the soldering sector, according to the International Tin Association. However, global semiconductor sales have registered small month-on-month increases since April and the year-on-year gap narrowed to 11.8% in July, according to the SIA.

Persons: Lockdowns, Boom, Barbara Lewis Organizations: PT Timah, REUTERS, London Metal Exchange, Shanghai Futures Exchange, SIA, Semiconductor, Semiconductor Industry Association, International Tin Association, World Semiconductor Trade Statistics, Wa State, Reuters, Thomson Locations: Mentok, Indonesian, Bangka, Myanmar, London, Shanghai, Wa, China

☆ Euro zone growth risks materialising, warranting ECB caution: Centeno
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

The ECB is debating whether to raise rates again in September to combat stubborn underlying price growth or pause given the weakening outlook that is now raising recession fears. "We need to be very cautious about our decisions, because a lot has been done," Centeno told the Reuters Global Markets Forum. "The labour market in Europe is performing in a novel way... I see a degree of flexibility in the European labour market that we were not used to see in the past," Centeno said. "This will ease wage pressures in our labour market, contrary to what we have [been used to] in the past."

Persons: Mario Centeno, Pedro Nunes, Centeno, Mehnaz Yasmin, Balazs Koranyi, Alison Williams, Mike Harrison Organizations: Bank of Portugal, European Central Bank, Bank of, REUTERS, Rights, ECB, Reuters Global Markets, Thomson Locations: Bank of Portugal, Carregado, Alenquer, Portugal, Europe

☆ Judge denies Trump ex-chief Mark Meadows' bid to avoid arrest in Georgia election case
▼ + stars: | 2023-08-23 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

The motion also proposed a second option: that the federal court could simply issue an order barring Willis from arresting Meadows prior to next week's hearing. The order from Judge Steve Jones in U.S. District Court in Atlanta came shortly after Fulton County District Attorney Fani Willis urged the judge to reject Meadows' request. A judge on Wednesday denied former White House chief of staff Mark Meadows' bid to quickly move the Georgia election interference case to federal court in order to avoid arrest . I gave 2 weeks for people to surrender themselves to the court," Willis wrote in an email Tuesday morning. Earlier Wednesday, Kenneth Chesebro, another co-defendant in the Georgia case, filed a motion in Fulton County Superior Court demanding a speedy trial.

Persons: Mark Meadows, Meadows, Jones, Willis, Donald Trump, Steve Jones, Fani Willis, Joe Biden's, Rudy Giuliani, Sidney Powell, John Eastman, Trump, Brad Raffensperger, Kenneth Chesebro Organizations: GOP, 118th, Washington , D.C, Court, White House, State, New, New York City, Trump, Georgia Locations: Washington ,, Meadows, Fulton County, U.S, Atlanta, Georgia, State of Georgia, New York

Some market players bet the central bank could widen the allowance band set around its yield target to arrest market distortions caused by its heavy bond buying. With the 10-year yield moving stably below the 0.5% yield cap, however, many BOJ policymakers see no imminent need to take fresh steps against the side-effects of YCC, the sources said. Notwithstanding abrupt moves in the bonds and yen, the BOJ is likely to make no changes to its policy framework next week, they said. "We expect the BOJ will keep major policy levers unchanged next week," said Stefan Angrick, senior economist at Moody's Analytics. More than three-quarters of economists polled by Reuters said they expect the BOJ to keep policy steady including its yield control scheme next week.

Persons: Shinichi Uchida's, Kazuo Ueda's, Stefan Angrick, Leika Kihara, Takahiko Wada, Sam Holmes Organizations: Bank of Japan, Moody's, Reuters, Thomson Locations: BOJ, TOKYO

☆ New Yorkers Got Broken Promises. Developers Got 20 Million Sq. Ft.
▼ + stars: | 2023-07-21 | by ( Urvashi Uberoy | Keith Collins | ) www.nytimes.com time to read: +15 min

These agreements allow developers to build larger towers and earn more revenue in exchange for providing public spaces. “Developers received something that was disproportionately valuable,” said Jerold S. Kayden, a lawyer and professor of urban planning and design at Harvard University and an advocate for keeping privately owned public spaces open to the public. Bonus Building Space The additional space that developers received is often far larger than the public spaces they provided. Here are the 392 buildings with privately owned public spaces. The violations fall under three main categories:Reduced Access In 2021, the plaza at 835 Sixth Avenue was fenced off.

Persons: Jonathan J, Miller, Richard J, Roddewig, ”, Jerold, Kayden, Gale Brewer, ” Ms, Brewer, “, Larry Silverstein, Mr, Silverstein, Melissa Grace, David Rubenstein Organizations: of Buildings, Advisory Services, “, Harvard University, New York’s Department of City Planning, Municipal Art Society of New, The Times, greenwich, madison, Database, New York City Department of City Planning, Department, Environmental, Buildings, Department of, Planning, City, The, of City Planning, Department of City Planning, Wall, Lincoln Center, Times, MANHATTAN BRONX, Yorkers, Real, Board, New, Google Locations: New York City, Central, Municipal Art Society of New York, pennsylvania, greenwich, lincoln, “, Manhattan, MANHATTAN BRONX QUEENS BROOKLYN, New York, AKAM, Brooklyn

Metal has been arriving almost daily in response to a sharp squeeze across the front part of the LME tin curve. LME and ShFE tin stocksLME SQUEEZE, BUT NO PHYSICAL TIGHTNESSThe tightness on the LME tin contract does not seem to have reflected any shortage of tin in the physical market. The LME squeeze appears to have been more a clash of positioning in what can at times be a relatively illiquid market. Fund positioning on the LME tin contractSUPPLY DISRUPTION LOOMSWhile tin supply has recovered from early-year disruption in Indonesia and Peru, a new threat is now looming. From the start of next month, all tin mining will be suspended in the Wa region of Myanmar.

Persons: It's, Jan Harvey Organizations: London Metal Exchange, Shanghai Futures Exchange, U.S, Fastmarkets, Fund, United Wa State Army, International Tin Association, Yinman, Yunnan Tin Company, Reuters, Thomson Locations: Myanmar, Malaysia's Port Klang, Singapore, Rotterdam, Antwerp, Italian, Genoa, Trieste, Spanish, Bilbao, Baltimore, U.S, Midwest, COVID, Indonesia, Peru, Wa, Guangxi, Mongolia, Yunnan, China

Turmoil ahead for diversity in hiringThe Supreme Court’s decision on Thursday to strike down affirmative action at colleges and universities sent shock waves throughout higher education. But the effects of the 6-3 ruling, which found that race-conscious admissions programs were unlawful, promise to go much wider. Many in corporate America fear that years of efforts to promote diversity are now vulnerable to legal challenges. While this particular case may not upend such initiatives, lawyers and executives say, future ones that go before the Supreme Court could. What the Supreme Court found: Affirmative action programs can’t be reconciled with the Constitution’s equal protection clause, Chief Justice John Roberts wrote for the majority.

Persons: can’t, John Roberts, ”, Roberts Organizations: Harvard, University of North Locations: America, University of North Carolina

☆ Supreme Court Rejects Affirmative Action Programs at Harvard and U.N.C.
▼ + stars: | 2023-06-29 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

The Supreme Court on Thursday ruled that the race-conscious admissions programs at Harvard and the University of North Carolina were unlawful, rejecting affirmative action at colleges and universities around the nation, a policy that has long been a pillar of higher education. The vote was 6 to 3, with the court’s liberal members in dissent. “The Harvard and U.N.C. admissions programs cannot be reconciled with the guarantees of the equal protection clause,” Chief Justice John G. Roberts Jr. wrote for the majority. “The court subverts the constitutional guarantee of equal protection by further entrenching racial inequality in education, the very foundation of our democratic government and pluralistic society,” she said in her written dissent.

Persons: “, John G, Roberts, Sonia Sotomayor, ” Organizations: Harvard, University of North Locations: University of North Carolina

“The Harvard and UNC admissions programs cannot be reconciled with the guarantees of the Equal Protection Clause. We have never permitted admissions programs to work in that way, and we will not do so today,” Roberts wrote. During oral arguments, Solicitor General Elizabeth Prelogar stressed the unique interests of the military and argued that race-based admissions programs further the nation’s compelling interest of diversity. Steve Vladeck, CNN Supreme Court analyst and professor at the University of Texas School of Law, said the decision will still not end the legal fight over college admissions. The Supreme Court stepped in to consider the case before it was heard by a federal appeals court.

Persons: John Roberts, “, ” Roberts, Clarence Thomas, ”, ” Thomas, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, ” Sotomayor, Sotomayor, Martin Luther King, Jackson, “ ‘, Roberts, Elizabeth Prelogar, ” Jackson, Kevin McCarthy, Republican Sen, Ted Cruz, Donald Trump, ” Trump, Mike Pence, ” Pence, Chuck Schumer, Laura Coates, Steve Vladeck, ” Vladeck, ” Long, SSFA, Loretta C, Biggs, ” Biggs, SFFA, Cameron T, Norris, Harvard “, Prelogar, Lewis F, Powell Jr Organizations: CNN, Harvard, University of North, UNC, Supreme, GOP, Republican, America, Truth, New York Democrat, University of Texas School of Law, Asian, Fair, Court, Middle, Middle District of, University, US, University of California, Bakke Locations: University of North Carolina, Independence, United States, Lower, Middle District, Middle District of North Carolina

admissions programs cannot be reconciled with the guarantees of the equal protection clause,” Chief Justice John G. Roberts Jr. wrote for the majority. The court had repeatedly upheld similar admissions programs, most recently in 2016, saying that race could be used as one factor among many in evaluating applicants. The university responded that its admissions policies fostered educational diversity and were lawful under longstanding Supreme Court precedents. Writing for the majority, Justice Anthony M. Kennedy said that courts must give universities substantial but not total leeway in devising their admissions programs. The Texas decision essentially reaffirmed Grutter v. Bollinger, a 2003 decision in which the Supreme Court endorsed holistic admissions programs, saying it was permissible to consider race to achieve educational diversity.

Persons: “, John G, Roberts, ”, Sonia Sotomayor, Edward Blum, Antonin Scalia, Elena Kagan, Justice Anthony M, Kennedy, Ruth Bader Ginsburg, Stephen G, Breyer, Justice Sotomayor, Justice Kennedy, Brett M, Kavanaugh, Ginsburg, Amy Coney Barrett, Justice Breyer, Justice Ketanji Brown Jackson, Justice Jackson, Grutter, Bollinger, Sandra Day O’Connor, Clarence Thomas Organizations: Harvard, University of North, Civil, Asian, Fair, University of Texas Locations: University of North Carolina, North Carolina, Austin, Texas

☆ The Supreme Court outlawed race-based admissions for colleges. Factoring in donors and legacy applications is still fine.
▼ + stars: | 2023-06-29 | by ( Chris Panella | Madison Hall | ) www.businessinsider.com time to read: +4 min

Their opinion said that colleges consider legacy status, athlete, financial aid eligibility, and race. Recruited athletes, legacy students, children of faculty and staff, children of honors, and other special recommendations remain lawful. Following the Supreme Court's decision, several lawmakers and former leaders voiced their displeasure with the ruling and how it maintained legacy admissions. "If SCOTUS was serious about their ludicrous "colorblindness" claims," Rep. Alexandria Ocasio-Cortez tweeted, "they would have abolished legacy admissions, aka affirmative action for the privileged." They introduced a bill this legislative session that bans the practice of legacy admissions in New York colleges and universities, declaring them "discriminatory and inequitable."

Persons: SCOTUS, —, John Roberts —, Rep, Alexandria Ocasio, Cortez, Andy Kim Organizations: Service, Harvard University, University of North, Harvard, UNC, of Economic Research Locations: University of North Carolina, Alexandria, New York

LONDON, June 27 (Reuters) - There's a renewed scramble for copper sitting in London Metal Exchange (LME) warehouses. Headline LME copper stocks have slid from 100,100 tonnes to 77,050 over the last three weeks despite almost 30,000 tonnes of arrivals. The drain on LME copper stocks is puzzling given weakening manufacturing activity in both Europe and the United States. It wouldn't be the first time that the LME stocks signal has been refracted, and the lower the stocks, the easier it is to bend the light. The Shanghai exchange has experienced tightness across the front part of the curve since March, with time-spreads now also the widest since November.

Persons: Boliden's, Copper, Jan Harvey Organizations: London Metal Exchange, LME, U.S ., CME, Shanghai Futures Exchange, Shanghai Futures, ShFE's, International Energy Exchange, Shanghai Metal, Reuters, Thomson Locations: Europe, United States, U.S, London, ShFE, INE, Shanghai, China, Asia

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