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☆ Trump lacked power to declassify secret nuclear arms document, experts say
▼ + stars: | 2023-06-18 | by ( Jonathan Landay | ) www.reuters.com time to read: +5 min

[1/2] Former U.S. President Donald Trump delivers remarks following his arraignment on classified document charges, at Trump National Golf Club, in Bedminster, New Jersey, U.S., June 13, 2023. REUTERS/Amr Alfiky/File PhotoWASHINGTON, June 18 (Reuters) - Even when he was president, Donald Trump lacked the legal authority to declassify a U.S. nuclear weapons-related document that he is charged with illegally possessing, security experts said, contrary to the former U.S. president’s claim. The special status of nuclear-related information further erodes what many legal experts say is a weak defense centered around declassification. “The president is the executive branch and so he can declassify anything that is nuclear information,” he said. And it takes forever,” said Thomas Blanton, director of the National Security Archive.

Persons: Donald Trump, Amr Alfiky, Trump, ”, Steven Aftergood, David Jonas, Elizabeth Goitein, it’s, Thomas Blanton, Jonathan Landay, Don Durfee, Amy Stevens, Cynthia Osterman Organizations: U.S, Trump National Golf Club, REUTERS, WASHINGTON, Atomic Energy, Department of Energy, Department of Defense, Federation of Atomic Scientists, Prosecutors, Trump, Republican, Atomic Energy Act, DOE, Pentagon, AEA, U.S . National Nuclear Security Administration, Brennan Center for Justice, Constitution, DOD, National Security, Thomson Locations: Bedminster , New Jersey, U.S, declassify, declassification, United States, Florida

☆ DuPont trims revenue forecast on slow electronics recovery, shares fall
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

May 2 (Reuters) - DuPont de Nemours Inc (DD.N) on Tuesday cut its full-year revenue forecast, citing slower-than-expected recovery in the electronics and industrial markets, sending its shares down nearly 5% in premarket trading. The materials and chemicals maker expects customer utilization in the electronics markets to bottom in the "near-term" and improve only in the third quarter. DuPont cut the top-end of its annual sales forecast to $12.50 billion from $12.90 billion, while retaining the lower end at $12.30 billion. "Within electronics markets, we continue to see weakness and channel inventory destocking in the near-term," Chief Financial Officer Lori Koch said in a statement. "We continue to expect ongoing strength throughout the year in areas such as water, automotive, aerospace and healthcare," Koch said.

Leonard Green is also considering the sale of a minority stake in Pro Mach as an alternative to an outright sale, one of the sources said. That would preserve Pro Mach's debt structure and would not require bidders to secure leveraged buyout financing, the source added. Leonard Green and Pro Mach did not immediately respond to requests for comment. Leonard Green bought Pro Mach from buyout firm AEA Investors LP for about $2.2 billion, including debt, in 2018. Moody's said in December that Pro Mach's order book indicated "healthy demand" for its products despite concerns of slowing economic growth.

Reuters GraphicsThe U.S. central bank is already adjusting to one unanticipated set of changes - an outbreak of inflation coupled with stalled growth in the U.S. labor force. "You have to identify the regime change ... Then you have to understand the transition dynamics ... and have a clear vision and insight into all of those ... "Markets calibrated to ... Chinese growth and low interest rates may prove fragile." Like recessions, which are typically identified only well after they have started, other economic turning points aren't always apparent in the moment. But as evidence of that accumulated following the 2007-2009 recession, it was only embodied into Fed policy in 2020 under a new approach that leaned against premature interest rate increases.

"Because of the lags involved, policymakers are going to face a very difficult decision about when to stop rate increases or reverse course," Romer said in a keynote address to the American Economic Association's annual meeting in New Orleans. Minutes of the most recent Fed policy meeting in December showed central bankers struggling with the risks, while economists see a high probability that the rate increases will lead to a U.S. recession in the coming year. She collaborated with Berkeley economist David Romer, her husband, to mine Fed meeting transcripts and minutes dating back to the 1940s for the review of U.S. central bank policy. Isolating the shocks, she said, allows a clearer view of how Fed rate increases influence economic output and employment, and over what time frame. Reporting by Howard Schneider; Editing by Dan Burns and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Today, there are 54 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. We selected Hispanic American-owned credit unions from the National Credit Union Administration's list of minority depository institutions which was also updated in September 2022. In our list of Hispanic American-owned banks and credit unions, many of the institutions listed offer customer support in Spanish and English. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. To help you learn more about a specific Hispanic American-owned bank or credit union, we've included links to reviews of individual institutions.

Nearly 165 million people were either in jobs or looking for them last month, a record high that showed a long-hoped-for improvement in labor supply. Reuters Graphics Reuters GraphicsThe jobs report is "the embodiment of the soft landing narrative - this idea that can you have a strong labor market with slowing wage growth," said Simona Mocuta, chief economist at State Street Global Advisors. Ideally, she said, that should allow the Fed to slow and soon pause its interest rate hikes. Reuters Graphics Reuters GraphicsTraders took the report as evidence the Fed's work is near to being done. Still, she said, "inflation remains far too high, despite some encouraging signs lately, and is therefore of great concern."

Weber , which went public in August 2021 and is trading at half its offering price, is the latest example of a recent IPO to attract a bid to go private. Recent IPOs ducking for the door First, to understand why we selected these criteria, let's look at the recent deals. Kennedy Lewis' $4 per share cash offer was an 83% premium to F45's closing price ahead of the deal announcement, even though it was far below the stock's $16 IPO price. Even with the lift from the deal news, shares are only trading at less than half its $14 IPO price. Private equity company AEA Investors had a 28.4% stake in the company, and CEO Jeremy Andrus owns an 11% stake, according to FactSet.

☆ Harley-Davidson spins off LiveWire in $1.8 billion SPAC merger
▼ + stars: | 2022-09-27 | by ( Bianca Flowers | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterElectric motorcycles by Harley-Davidson and LiveWire are seen at a Harley-Davidson dealership in Queens, New York City, U.S., February 7, 2022. REUTERS/Andrew KellySept 27 (Reuters) - Harley-Davidson Inc (HOG.N) on Tuesday spun off its electric motorcycle division, LiveWire, in a SPAC deal creating the first publicly traded electric motorcycle company in the United States. New shares of LiveWire Group Inc , Harley-Davidson's former electric motorcycle subsidiary, were up 1.5% in their U.S. market debut on Tuesday following the unit's $1.77 billion merger with a blank-check firm. Harley released its first electric motorbike, the LiveWire, in 2019 before deciding to relaunch the bike as its own sub-brand. Register now for FREE unlimited access to Reuters.com RegisterReporting by Bianca Flowers in Chicago and Aishwarya Nair in Bengaluru; Editing by Maju Samuel and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Today, there are 56 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. We selected Hispanic American-owned credit unions from the National Credit Union Administration's list of minority depository institutions which was also updated on June 30, 2022. In our list of Hispanic American-owned banks and credit unions, many of the institutions listed offer customer support in Spanish and English. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. To help you learn more about a specific Hispanic American-owned bank or credit union, we've included links to reviews of individual institutions.

☆ A group of strippers from Los Angeles is seeking to join one of the largest actors' unions
▼ + stars: | 2022-08-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Dancers who work in a topless bar in California are seeking to join the Actors' Equity Association. The dancers had already been seeking to unionize, as Insider reported in May, but Wednesday's press release specifically linked their bid to the Actors' Equity Association. President of the Actors' Equity Association, Kate Shindle, said in the press release that the dancers approached the organization for support. "We like what we do," a Star Garden dancer named Velveeta said in the press release. Wednesday's press release claimed that the club's security guards repeatedly failed to protect dancers from "threatening and abusive behavior from patrons."

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