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☆ 'Big Short' investor Steve Eisman details the 4 themes that have him betting on a turbocharged infrastructure boom instead of chasing AI hype
▼ + stars: | 2024-04-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview2008's housing crash might be long over, but Steve Eisman is not done looking for the next big macro trade. The investor — famous for his subprime mortgage bet, as documented in "The Big Short" — is now eyeing infrastructure as biggest winner of today's conditions. "You take all four of those boxes, and you turbocharge them by the fact that the United States has not had an industrial policy in anyone's lifetime," Eisman said. While Eisman believes in AI and infrastructure, he has no faith in crypto's potential, he said.

Persons: —, Steve Eisman, Eisman, Neuberger Berman —, they've, Eaton, United States — everybody's Organizations: Service, Business, JPMorgan, Apple Locations: United States

The campaign aides plan to discuss their general election message and outlook for the year, as well as ongoing mobilization efforts. “Together, President Biden, Vice President Harris, and House Democrats have delivered on a historic agenda for the American people,” Rodriguez said ahead of the meeting. Since Trump romped to resounding victories in the Iowa and New Hampshire contests last month, the Biden campaign has effectively acted as if the general election race with Trump has already started. The March engagement plan will help fortify a campaign operation and grassroots network for Biden and House Democrats that they will further ramp up as they work to persuade voters later this year. House Democrats are in the northern Virginia town, about 30 miles from Washington, for their annual retreat.

Persons: Joe Biden’s, Julie Chavez Rodriguez, Quentin Fulks, Mitch Landrieu, Louisa Terrell, Jen O’Malley Dillon, President Biden, Harris, ” Rodriguez, Biden, Donald Trump, handwringing, Trump romped, ” Organizations: WASHINGTON, —, Democrats, White, White House, House Democrats, Biden, Trump, Wednesday, Republicans Locations: Leesburg , Virginia, Chicago, Iowa, New Hampshire, New York, Virginia, Washington

LONDON (AP) — British Prime Minister Rishi Sunak said Tuesday that he was “shocked and sad” to learn that King Charles III has cancer, but is relieved that the illness was caught early. Buckingham Palace announced Monday evening that the king has begun outpatient treatment for an undisclosed form of cancer. Kate is still taking a break from royal duties as she recovers. Charles took the throne intending to preside over a slimmer monarchy with fewer senior royals carrying out ceremonial public duties. William and Charles' wife Queen Camilla are both expected to take on extra public engagements during the king's treatment.

Persons: Rishi Sunak, King Charles III, Buckingham, ” Sunak, “, —, won’t, Charles, ” Charles, Queen Elizabeth II, Kate, Princess of Wales, Prince William, Prince Harry, ”, Harry, Meghan, Prince Andrew, Jeffrey Epstein, William, Queen Camilla, Joe Biden, “ Jill Organizations: British, BBC, Windsor Locations: California, Los Angeles, deputize, United Kingdom

BANGKOK (AP) — Senior U.S. and Chinese representatives are expected to meet in Bangkok, Thailand as the two countries seek to cool tensions. Officials from both sides said U.S. National Security Adviser Jake Sullivan and Chinese Foreign Minister Wang Yi would meet. Political Cartoons View All 253 ImagesChinese foreign ministry spokesperson Wang Wenbin confirmed that Wang Yi plans to meet with Sullivan. Sullivan, whose visit is scheduled to end Saturday, paid a courtesy call Friday on Prime Minister Srettha Thavisin and later held a bilateral meeting with Foreign Minister Parnpree Bahiddha-Nukara, the Thai foreign ministry said. The Thai foreign ministry announced that Wang Yi will meet with his counterpart on Saturday to sign an agreement exempting Thai nationals from requiring visas to visit China, and on Monday will meet with the prime minister.

Persons: Jake Sullivan, Wang Yi, Adrienne Watson, “, Biden, Xi, Wang Wenbin, Sullivan, Wang, Srettha Thavisin, Parnpree Bahiddha, ” Organizations: — Senior, National, Foreign, Thai, National Security, Foreign Ministry, Washington Locations: BANGKOK, Bangkok, Thailand, Thai, Suez, China, Iran, Beijing, Chinese, North Korea, Washington, Myanmar, Ukraine

☆ Congress announces tax deal to expand child tax credit and revive breaks for businesses
▼ + stars: | 2024-01-16 | by ( Sahil Kapur | Kate Santaliz | ) www.cnbc.com time to read: +3 min

WASHINGTON — Senior lawmakers in Congress announced a bipartisan deal Tuesday to expand the child tax credit and provide a series of tax breaks for businesses. The deal, details of which were reported earlier by NBC News, would enhance refundable child tax credits in an attempt to provide relief to financially struggling and multi-child families. Democrats had demanded a larger child tax credit after an earlier version they passed for less than one year expired, causing child poverty to fall and then rise again after it lapsed. And Republicans were motivated to revive some expired portions of the 2017 Trump tax cuts for businesses. Wyden has said he hopes to pass the deal by the beginning of tax filing season, which is Jan. 29.

Persons: Cara Baldari, Evie, Sarah Orrin, Vipond, Otto, Jason Smith, Ron Wyden, Smith, " Wyden, Wyden, That's Organizations: D.C, U.S, Capitol, WASHINGTON —, Congress, NBC News, American Locations: China

☆ Stephanie Armour — Senior Special Writer, Healthcare Policy at The Wall Street Journal
▼ + stars: | 2023-12-02 | by ( Stephanie Armour | ) www.wsj.com time to read: +1 min

Stephanie ArmourStephanie Armour is a senior special writer for health policy at The Wall Street Journal, where she covers such topics as the Covid-19 pandemic, the Affordable Care Act, Medicaid and Medicare, congressional health legislation, the opioid epidemic, and state health initiatives. A reporter for more than two decades, she has produced award-winning investigative projects on subjects including food safety, body brokering, and human trafficking. Stephanie also has written for Bloomberg and Bloomberg Businessweek, USA Today, The Des Moines Register, and The Daily Tribune in Ames, Iowa. Her journalism awards include a First Place Headliner Award from the Press Club of Atlantic City, a First Place Sigma Delta Chi Award from the Society of Professional Journalists and a First Place in Consumer Journalism Award from the National Press Club. She lives in Washington D.C. and has a degree in English from the University of Minnesota.

Persons: Stephanie Armour Stephanie Armour, Stephanie Organizations: Wall Street, Affordable, Bloomberg, Bloomberg Businessweek, USA, Des Moines Register, The Daily Tribune, Press, Sigma Delta Chi, Society of Professional Journalists, Consumer, National Press, Washington D.C, University of Minnesota Locations: Ames , Iowa, Atlantic City, Washington

Cara LombardoCara Lombardo is a senior reporter for The Wall Street Journal in New York. She and her colleagues regularly break market-moving news on the biggest and most interesting deals and activist fights. In 2021, she was part of a team that won a Gerald Loeb Award for the paper’s coverage of Amazon’s business practices. She joined the Journal in 2017 and previously covered breaking news and the beverage industry. She has undergraduate and master’s degrees in accounting and a master’s degree in journalism, all from the University of Wisconsin-Madison.

Persons: Cara Lombardo Cara Lombardo, Gerald Loeb Organizations: Wall Street, University of Wisconsin - Madison, LinkedIn Locations: New York

☆ Ruth Simon — Senior special writer at The Wall Street Journal
▼ + stars: | 2023-11-14 | by ( Ruth Simon | ) www.wsj.com time to read: +1 min

Ruth SimonRuth Simon is a New York-based reporter for The Wall Street Journal, where she covers small business and entrepreneurship. She has previously covered consumer lending, mortgages and housing, and reported for WSJ's Personal Journal and Money & Investing sections. Ms. Simon won a 2019 Best in Business Award from the Society of American Business Editors and Writers for her coverage of the impact of the labor squeeze on small business. She was part of a WSJ team that received a 2021 New York Press Club award for spot news coverage of the Paycheck Protection Program rollout. In 1995, she won the Award for Excellence in Financial Writing from the New York State Society of Certified Public Accountants.

Persons: Ruth Simon Ruth Simon, Simon, Gerald Loeb, Loeb, ” Organizations: Wall Street, Society of American Business, Writers, WSJ, New York Press, Money, Forbes Magazine, Distinguished Business, Financial, National Press Foundation, New York Newspaper Publishers Association, New York State Society of Certified Public Accountants, New York City, Society of Professional Journalists, Finance Locations: New York

☆ Inside Goldman Sachs' exclusive training program for HBCU students that can result in $1 million in prize money and a prestigious job
▼ + stars: | 2023-11-08 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +11 min

Goldman Sachs has done this program each year since. How does the program work? All finalist teams on stage at the 2023 competition at Goldman Sachs' headquarters. "Something that we look for in all candidates at Goldman Sachs: What is your innovative and creative spirit?" Megan Hogan of Goldman Sachs courtesy of Goldman SachsWhat's the formula for success once accepted?

Persons: Taylor Weekes, That's, Weekes, Goldman Sachs, Goldman, —, who's, Zachariah Smith, Megan Hogan, David Solomon, Proctor, Hogan, you've, Smith, hadn't, " Smith, they've, it's Organizations: Howard University, Morehouse College, Alcorn State University Delaware State University Fisk University Florida A, M University Hampton University Howard University Morehouse College Morgan State University North Carolina, T, Prairie View, M University Spelman College Texas Southern University, Goldman, Gamble, L'Oreal, Pepsi, Wall Street, Wall, Black Locations: York, we're

☆ The student-loan payment restart is about to put pressure on an already-fragile economy
▼ + stars: | 2023-10-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The resumption of student-loan payments is expected to add further strain. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe US economy has thrived over the past three years, since the initial shock of COVID-19 gave way to a rapid recovery. Here's what banks and economists are saying about the impact of the student-loan payment resumption on the economy. AdvertisementAdvertisementWhat will happen to the economy with the student-loan payment restartIt's difficult to predict how exactly the economy will respond to a surge of borrowers facing student-loan payments again — and it depends on a number of factors.

Persons: —, Marshall Steinbaum —, University of Utah —, Jerome Powell, Wells Fargo, Goldman Sachs, Jeff Gennette, Michael Fiddelke, Jefferies, Education James Kvaal Organizations: Service, Family Institute, University of Utah, Education Department, Federal, United Auto Workers, Bank of America, Education Locations: Helena

☆ Dominic Chopping — Senior Reporter at The Wall Street Journal
▼ + stars: | 2023-09-25 | by ( Dominic Chopping | ) www.wsj.com time to read: 1 min

Dominic ChoppingDominic Chopping is a senior reporter for The Wall Street Journal and Dow Jones Newswires in Stockholm, where he manages Nordic and Baltic real-time news, covering companies, economies, forex, macroeconomics and general news in the region. He publishes news flashes and writes breaking news stories and analytical pieces. In addition to his regular coverage of regional corporate heavyweights such as Ericsson, Nokia, H&M and Volvo, he frequently reports on Scandinavian monetary policy and has recently expanded his coverage to include start-ups in the green technology space. Before moving to Sweden, Dominic worked on the U.K. corporate real-time desk in London, covering stocks from FTSE100 majors to small AIM-listed growth businesses. He joined Dow Jones in 1999 after starting his career in the industry as a U.K. data editor at Financial Times Information.

Persons: Dominic, Dow Jones Organizations: Wall Street Journal, Dow, Nordic, Ericsson, Nokia, Volvo, AIM, Financial Times Information Locations: Stockholm, Baltic, Sweden, London

Jenny StrasburgJenny Strasburg is a reporter in London, where she writes for The Wall Street Journal about oil and gas, climate, the transition to lower-carbon energy and the people, money and politics setting the global energy agenda, in conflict with it, or left behind because of it. Jenny previously covered global investment banks in the U.S. and Europe, as well as hedge funds, trading and markets, with a focus on in-depth investigations, before pivoting to Covid-19 vaccines and geopolitical responses to the pandemic. Jenny has shared collaborative-reporting honors including the George Polk Award, Gerald Loeb Award, New York Press Club Award, National Headliner Award and Sabew Best in Business Award. She completed the Knight-Bagehot Fellowship in economics and business journalism at Columbia University before writing about private investment funds at Bloomberg News. She joined the Journal in 2008 in New York, before moving to the U.K. in 2013.

Persons: Jenny Strasburg Jenny Strasburg, Jenny, George Polk, Gerald Loeb Organizations: Wall Street, New York Press, Columbia University, Bloomberg News Locations: London, U.S, Europe, New Mexico, West Texas, Corpus Christi, San Francisco and New York, New York

☆ Joe Barrett — Senior Midwest Correspondent at The Wall Street Journal
▼ + stars: | 2023-08-17 | by ( Joe Barrett | ) www.wsj.com time to read: 1 min

Joe BarrettJoe Barrett is a senior correspondent for The Wall Street Journal covering the Midwest from Chicago. He reports on a range of topics, including public safety, economics, development, demographic changes, infrastructure, the changing environment and all the interesting places that make the region much more than flyover country. He was previously the Midwest bureau chief for U.S. News, a Page One editor in New York and Brussels, and a writer of the What’s News column. He is the author, with his late father, Jerome T. Barrett, of the book “A History of Alternative Dispute Resolution: The Story of a Political, Cultural, and Social Movement.”Joe started his career covering night cops and the Virginia General Assembly at the Daily Press in Newport News, Va. He lives in Chicago with his wife, Lori, an ill-behaved dog named Pizza and a growing collection of guitars.

Persons: Joe Barrett Joe Barrett, Jerome T, Barrett, ” Joe, Lori Organizations: Wall, Midwest, U.S . News, Social Movement, Virginia General, Daily Press Locations: Chicago, New York, Brussels, Virginia, Newport News, Va

☆ James Mackintosh — Senior Markets Columnist at The Wall Street Journal
▼ + stars: | 2023-08-17 | by ( James Mackintosh | ) www.wsj.com time to read: 1 min

James MackintoshJames Mackintosh joined the WSJ in 2016, after almost 20 years at the Financial Times, most recently as Investment Editor and writer of the Short View column. He is a graduate of St Catherine's College, Oxford, where he gained a first-class degree in Philosophy and Psychology. He spent two further years at the university in postgraduate study of philosophy before entering the real world. He has two cats and two children. He is @jmackin2 on Twitter.

Persons: James Mackintosh James Mackintosh Organizations: Financial Times, Investment, St Catherine's College , Oxford, Twitter

☆ Amazon Prime Day 2022: What we know about the October sales event
▼ + stars: | 2022-09-26 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +15 min

This is the first time Amazon is hosting Prime Day twice in one year, but it’s not the first time Prime Day has been scheduled for October. Because you know another one will be around the corner soon enough.”Do I need a Prime membership to get Amazon Prime Day discounts? July 2022 Prime Day bestsellersEvery year, Amazon announces bestselling Prime Day products worldwide as well as in select countries. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset.

☆ James Mackintosh — Senior columnist, markets at The Wall Street Journal
▼ + stars: | 2022-09-19 | by ( James Mackintosh | ) www.wsj.com time to read: 1 min

☆ Joanna Stern — Senior Personal Technology Columnist at The Wall Street Journal
▼ + stars: | 2007-06-29 | by ( Joanna Stern | Allison Prang | ) www.wsj.com time to read: 1 min

Joanna SternJoanna Stern is an Emmy Award-winning journalist who has spent the better part of two decades covering gadgets and apps, and helping people make smarter tech decisions. Her documentary “E-Ternal: A Tech Quest to Live Forever” won the 2021 Emmy in the category of outstanding science, technology or environmental coverage. Ms. Stern is a CNBC contributor and often appears on national television and radio programs. Before joining the Journal in 2013, she was the technology editor at ABC News and before that a reviewer and editor at The Verge. She graduated from Union College in Schenectady, N.Y., and lives in New Jersey with her wife, sons and dog.

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