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☆ Bank of America details the best hedge for a big stock-market move on Nvidia earnings
▼ + stars: | 2024-05-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Its soaring revenue and profits have driven the bulk of the S&P 500's earnings growth over the past year. Bank of America shared how investors can hedge against the risk of Nvidia's earnings swinging the broader market. Over the past 12 months, Nvidia's earnings growth drove 37% of the S&P 500's earnings per share growth. But over the next 12 months, Nvidia's earnings growth is expected to drive just 9% of the S&P 500's earnings growth. "Don't mess with proxies; hedge with NVDA options," Bank of America said.

Persons: Nvidia's, — Organizations: Bank of America, Service, Nvidia, Nasdaq

☆ This Is Hot Slaw. And Cleveland, Tenn., Wants You to Love It, Too.
▼ + stars: | 2024-05-18 | by ( Emily Cochrane | Audra Melton | ) www.nytimes.com time to read: 1 min

In Cleveland, Tenn., a side dish became the main event after it gained statewide recognition. May 18, 2024Attend a barbecue, church potluck or summer dinner in the small city of Cleveland in eastern Tennessee, and somewhere on the table, there will be a dish of hot slaw. People here slather it on hot dogs, plop it on pulled pork or simply reach for a heaping spoonful. So when the State Legislature named hot slaw as Tennessee’s first official state food this year, born-and-raised residents elsewhere in the state were flummoxed. What was this dish that had vaulted over Moon Pies, the hickory smoked barbecue of Memphis and Nashville’s hot chicken?

Organizations: State Legislature Locations: Cleveland, Tenn, Tennessee, Memphis

Many Americans don't know, and it's getting even harder to calculate — especially as Social Security is poised to start reducing benefits in just about a decade. Related stories"That number is all over the place," Copeland said, referring to how much people are going to need in retirement savings. "It will be devastating if people who already are facing very dire retirement prospects get less Social Security than they're planning on. Estimating how much you will need in retirement may be helpful, even long before retirement. That highlights the fact that calculating how much you're going to actually need in retirement is complicated.

Persons: it's, That's, there's, Craig Copeland, Copeland, —, William Arnone, Indira Venkateswaran, Greenwald Organizations: Service, Security, Greenwald Research, Business, AARP, Wealth, Research Institute, Social, Social Security, National Academy of Social Insurance Locations: America

☆ A Battle Over Beer Split a Texas Town’s Biggest Party
▼ + stars: | 2024-05-04 | by ( J. David Goodman | Desiree Rios | ) www.nytimes.com time to read: 1 min

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In Muenster, Texas, a contract dispute exposed deeper worries about changing traditions. An anonymous letter complaining about the harm done by some neighbors to the harmony of a bucolic Texas town. The division that erupted in recent months in Muenster, Texas, a farming and ranching community north of Dallas, resembles the political polarization that has ripped apart many communities across the nation. But the fight in Muenster, a town settled by German immigrants, has not been about politics.

Locations: Muenster , Texas, Texas, Dallas, Muenster

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ What is divestment? And does it work?
▼ + stars: | 2024-04-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

From Princeton University in New Jersey to the University of Southern California in Los Angeles, the same chant can be heard: “Disclose! The specifics of student protesters’ divestment demands vary in scope from school to school. Other students, like those at Cornell University and Yale, are asking their schools to stop investing in weapons manufacturers. Other common threads include demanding universities disclose their investments, sever academic ties with Israeli universities and support a ceasefire in Gaza. Proponents for divestment counter that its value lies in raising awareness and stigmatizing partnerships with targeted regimes or industries.

Persons: “, ” Israel, Witold Henisz, Henisz, ”, Nicholas Dirks, ” Dirks, Dirks, “ They’ll, Anna Cooban, Michelle Bowman, Eli Lilly, Estee Lauder, Jerome Powell Organizations: New, New York CNN, Palestinian, Princeton University, University of Southern, Columbia University Apartheid, Columbia, Cornell University and Yale, Research, The Wharton School, University of Pennsylvania, CNN, University of California, Columbia’s Faculty of Arts and Sciences, Federal Reserve, European Central Bank, Dallas Fed, Samsung, AMD, Starbucks, Benz Group, Volkswagen, PayPal, adidas, Diamondback Energy, Restaurant Brands, Pinterest, Caesars Entertainment, PMI, Conference Board, Mastercard, Qualcomm, Pfizer, Marriott, eBay, US Commerce Department, Apple, Novo Nordisk, Shell, ConocoPhillips, Cigna, Universal Music Group, Hershey, US Labor Department Locations: New York, New Jersey, University of Southern California, Los Angeles, Columbia, Palestine, Israel, Gaza, South Africa, Berkeley, United States, Europe, DoorDash

☆ Showcase for Antebellum Homes Displays Their Finery. But What About the History?
▼ + stars: | 2024-04-27 | by ( Rick Rojas | Kate Medley | ) www.nytimes.com time to read: +1 min

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In Mississippi, a tradition of house tours is about more than architecture. It’s a window into how a city sees its past and its ambitions for the future. It was also a highlight of the longstanding tradition known as Pilgrimage. Every spring, the city’s finest antebellum homes are opened to the public for a few weeks, inviting people in to marvel at the craftsmanship and the opulence.

Organizations: . Homeowners Locations: Mississippi, Riverview, Southern, Columbus, Alabama

☆ The 'peak boomer' crisis might only get worse: A fifth of Americans 50 and up have no retirement savings, and the majority are worried they won't have enough money
▼ + stars: | 2024-04-26 | by ( Juliana Kaplan | Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Americans say they don't have enough money for retirement, with a solid chunk having no savings at all. At the same time, the economy is about to see the "peak boomer" generation retire and deplete their savings. Tourangeau is part of a generation of older Americans who don't feel confident in their financial situation. Any of those who leave the workforce to retire may need to rely on any retirement savings they have built. AdvertisementAre you a peak boomer or older American worried you won't have enough money for retirement?

Persons: —, Pam Tourangeau, let's, it's, Indira Venkateswaran, Venkateswaran, Nancy LeaMond, LeaMond Organizations: Service, Congressional Research Service, AARP, Research, Savings, Americans, Federal Reserve, University of Michigan Health, Alliance, Lifetime, Security, Social Security Locations: America

☆ Europe is beating inflation. Why can’t America declare victory?
▼ + stars: | 2024-04-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

The Fed aims to keep inflation at 2% over the longer run. Meanwhile, among the 20 countries that use the euro, annual consumer price inflation has slowed steadily since the start of the year. Fed Governor Michelle Bowman said earlier this month that she would favor a rate hike “should progress on inflation stall or even reverse.”So why does the United States appear to have a bigger inflation problem than Europe? Some economists argue there isn’t actually much daylight between the US and European rates of inflation, pointing to a quirk in the US measures. The measure is designed to track inflation in the real estate market while accounting for the fact that most Americans own their homes.

Persons: Michelle Bowman, Paul Donovan, Simon MacAdam, ”, MacAdam, ” Carsten Brzeski, Janet Yellen, Jim Watson, Brzeski, “, ” Davide Oneglia Organizations: London CNN, Federal Reserve, European Central Bank, PCE, UBS Global Wealth Management, Capital Economics, ING, CNN, Monetary Fund, Washington, Reuters, Getty, —, ECB, Lombard Locations: United States, Europe, Centreville , Maryland, AFP, Russia, Ukraine

☆ A Utah Mountain Town Brings Back an Old Idea: The One-Room Schoolhouse
▼ + stars: | 2024-04-21 | by ( Kate Zernike | Ruth Fremson | ) www.nytimes.com time to read: +1 min

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In Utah, a one-room schoolhouse has helped preserve the family atmosphere of a cult-favorite ski town. They come for the powder snow, which regularly tops lists of the deepest and lightest in the country. They discover the simplicity and warmth of life in a town at the dead end of a box canyon with a year-round population of roughly 300. Young people who had children left because there was no school, and the closest school district would not send a bus up the narrow canyon road.

Persons: — Locations: Utah, Alta , Utah, Alta

☆ The seemingly AI-generated ads for 'Civil War,' A24's most expensive film, are laughable — especially if you're from Chicago
▼ + stars: | 2024-04-20 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

One image appears to show soldiers in a boat somewhere near Los Angeles pointing their guns at a giant swan. "These are AI images inspired by the movie," the source told the outlet. Promotion for the horror-comedy "Late Night with the Devil" has been bogged down by complaints that the filmmakers used AI. AdvertisementMarketing for "Civil War" has been controversial even beyond the use of AI, with some people criticizing it as misleading. The images A24 posted do not do that feeling — or the movie they're supposed to be promoting — justice.

Persons: —, Wilco, Cmon, zQSEUj9ecd — Alex Pope Organizations: Service, Business, Hollywood Reporter, Miami Locations: North America, America, Chicago, Marina City, York, Los Angeles, Echo, New York

☆ News organizations urge Biden and Trump to commit to presidential debates during the 2024 campaign
▼ + stars: | 2024-04-14 | by ( ) www.cnbc.com time to read: +4 min

Twelve news organizations on Sunday urged presumptive presidential nominees Joe Biden and Donald Trump to agree to debates, saying they were a "rich tradition" that have been part of every general election campaign since 1976. Asked on March 8 whether he would commit to a debate with Trump, Biden said, "it depends on his behavior." The Republican National Committee voted in 2022 to no longer participate in forums sponsored by the Commission on Presidential Debates. The Trump campaign has not indicated it would adhere to that, but did have some conditions. There was no immediate response from the Trump campaign.

Persons: Joe Biden, Donald Trump, Trump, Biden, Susie Wiles, Chris LaCivita, Abraham Lincoln, Stephen Douglas, Chris Wallace, it's, Crooked Joe Biden Organizations: Moody, Republican, NewsNation, Democratic, ABC, CBS, CNN, Fox, PBS, NBC, NPR, Associated Press, Trump, Republican National, Commission, Fox News, Univision, USA, Television Locations: Tuscaloosa , Alabama, Illinois, Pennsylvania

☆ The Landline’s Not Dead (at Least at the Masters)
▼ + stars: | 2024-04-13 | by ( Alan Blinder | Doug Mills | ) www.nytimes.com time to read: +1 min

In Georgia, an old-fashioned custom keeps one of the country’s most beloved golf tournaments connected to its past. They call to offer up weather reports, food reviews, golf commentaries, celebrity sightings, souvenir spending confessions, legal advice and trips down memory lane. Augusta National Golf Club in Georgia has long forbidden cellphones for almost anyone inside its gates for the Masters Tournament, which is scheduled to conclude Sunday. “Dad, it’s Ali,” Ali Daschbach began this past week. She paused, a shared moment of anticipation stretching from a phone near the 17th green in east Georgia to Washington State.

Persons: ”, Dad, it’s Ali, ” Ali Daschbach Organizations: Augusta, Golf Club, Washington State Locations: Georgia, Augusta, Washington

☆ Kia recalls over 427,000 Telluride SUVs because they might roll away while parked
▼ + stars: | 2024-03-31 | by ( ) www.cnbc.com time to read: +1 min

Kia is recalling more than 427,000 of its Telluride SUVs due to a defect that may cause the cars to roll away while they're parked. Kia America decided to recall all 2020-2023 model year and select 2024 model year Tellurides earlier this month, NHTSA documents show. Kia America estimates that 1% have the defect. To remedy this issue, recall documents say, dealers will update the affected cars' electronic parking brake software and replace any damaged intermediate shafts for free. The Associated Press reached out to Irvine, California-based Kia America for further comment Sunday.

Persons: Kia Organizations: Kia, Telluride, National, Traffic Safety Administration, Kia America, NHTSA, Associated Press Locations: Irvine , California

☆ Biden campaign's latest broadside: A 'feeble' Trump is 'lying about having money'
▼ + stars: | 2024-03-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

A court ruling that slashed Donald Trump's civil fraud appeal bond was a financial win for the former president. But the campaign of his rival, President Joe Biden, found a way to capitalize on the news. "Donald Trump is weak and desperate – both as a man and a candidate for President," the Biden campaign said in a searing statement Monday afternoon. "He spent the weekend golfing, the morning comparing himself to Jesus, and the afternoon lying about having money he definitely doesn't have," said Biden campaign spokesman James Singer, in response to a Trump press conference earlier in the day. Trump campaign spokesmen did not immediately respond to CNBC's request for comment.

Persons: Donald Trump, Donald Trump's, Joe Biden, Biden, Jesus, James Singer, Singer, Trump, Letitia James Organizations: U.S, Trump, New York Locations: New York City, U.S, Manhattan, New York

☆ Trump is just 3 weeks from becoming the first ex-president to go on trial
▼ + stars: | 2024-03-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Yet the moment that history is likely to remember most clearly unfolded in a Manhattan courtroom where Trump sat seething as a judge thwarted his latest delaying tactics and set a date for his hush money trial. Of course, it’s also possible that Trump could be acquitted in this criminal case. It is a mark of the depth of Trump’s legal hole that a reduced requirement to post a bond worth $175 million counts as a big win. Already clashing with another judgeTurning to Judge Juan Merchan, who took the gloss off of the ex-president’s day by scheduling the trial date, Trump issued another bitter complaint. Trump’s looming criminal trial presents a challenge and an opportunity for the Biden campaign.

Persons: Donald Trump staved, Trump, it’s, Stormy Daniels, isn’t, ” Trump, ”, he’d, he’ll, Arthur Engoron, Letitia James, “, Juan Merchan, Attorney Alvin Bragg, ” Ryan Goodman, CNN’s Erica Hill, Jack, Fani Willis, Willis, Aileen Cannon, Biden, Nikki Haley, she’s, Joe Biden, Trump’s, “ Donald Trump, James Singer, Donald Trump, –, Merchan, ” Merchan Organizations: CNN, Trump, New York, ”, Manhattan, Attorney, Department of Defense, Fulton, GOP, South Carolina Gov, Biden, Arab American, Israel, Engoron, Monday Locations: Manhattan, New York, Fulton County, Georgia, Lago, Florida, Trump, Atlanta, Michigan, Gaza, York

☆ Opinion: Biden gave the speech of his life
▼ + stars: | 2024-03-08 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +29 min

CNN —CNN Opinion asked political and policy contributors to weigh in on President Joe Biden’s State of the Union address. David Gergen: Biden just rewrote the presidential racePresident Joe Biden not only delivered perhaps the best speech of his life last night; he may have also changed the race itself. Roxanne Jones: Biden finally sounds like he’s ready to fightPresident Joe Biden finally has my attention. At the end of his speech, Biden reminded voters that he “grew up among working people” in Scranton. In his State of the Union speech, Biden had to answer the mail on all of these.

Persons: Joe Biden’s, David Gergen, Biden, Joe Biden, —, Carrie Sheffield, Carrie Sheffield Barry Morgenstein, Donald Trump’s, pandered, Sophia A, Nelson, Trump, Sen, Andrew, ”, Donald Trump, Harris, Daniel McCarthy, Trump President Joe Biden, Daniel McCarthy Biden, Ronald Reagan, Bill Clinton, wasn’t, he’s, haven’t, Cori Bush, Rashida Tlaib, Bernie Sanders, Nikki Haley, Trump couldn’t, Reagan, Roxanne Jones, ” Biden, Smart, Jill Filipovic, Mike Johnson, David A, Vladimir Putin, Putin, ” David A, Benjamin Netanyahu, “, SubStack’s, Paul Sracic, It’s, White, Paul Sracic Arne Hoel It’s, Hillary Clinton, Joe, ” Paul Sracic, Raul A, Reyes, ” Raul A, Marjorie Taylor Greene’s, Laken Riley, Mark Zandi, Mark Zandi Moody's, Ana Marie Cox, Ana Marie Cox Faith Fonseca, Biden’s, Dobbs, Roe, Wade, Peter Bergen, George W, Bush, Vladimir Putin’s, –, beefed, Gazans Organizations: CNN, David Gergen CNN, Union, Harvard Kennedy School, Gallup, NATO, Democratic, Republicans, Trump, Independent Women’s, United States Senate, Biden, Congressional, Trump President, South Carolina Gov, GOP, Republican, Conservative, The Spectator, Syndicate, Big Pharma, Companies, American, Democrats, Twitter, NATO —, Israel, New York Times, CBS News, Democratic Party, United Auto Workers, Youngstown State University, Hudson Institute, Reyes CNN, Border Patrol, Georgia, ” Progressives, Pew Research Center, White, USA, Moody’s Analytics, Ana Marie Cox Faith, Jackson, Peter Bergen CNN, US Senate, New, Arizona State University Locations: Joe Biden’s State, America, United States, State, Gaza, Israel, New York, Ukraine, ”, American, China, Iran, Europe, Asia, Chicago, Scranton , Pennsylvania, Belvidere , Illinois, Scranton, Claymont , Delaware, Delaware, Ohio, Washington , DC, Georgia, Alabama, Austin, Iraq, New America

Opinion SoleAuthority Forty-five feet underground in a command center near Omaha, there’s an encrypted communications line that goes directly to the American president. Buried below is a military command headquarters constructed in case of a missile attack amid a national emergency. Yet regardless of who wins this election, or the next one, the American president’s nuclear sole authority is a product of another era and must be revisited in our new nuclear age. The jet’s crew can contact the president, verify his or her identity and relay a nuclear attack order to bomber squadrons, submarines and intercontinental ballistic missile silos. It is, however, unacceptable for an American president to have the sole authority to launch a nuclear first strike without a requirement for consultation or consensus.

Persons: —, Anthony Cotton, Biden, Donald Trump, Harry Truman, Truman, Truman’s, Jake Sullivan, ” Mr, Sullivan, “, Richard Nixon, wasn’t, Trump, Henry Kissinger, Nixon, Mark Milley, Nancy Pelosi, Bob Woodward, Robert Costa, Kissinger, Milley, Robert Kehler, Stratcom, Kehler, we’ve, That’s Organizations: U.S . Strategic Command, North American Aerospace Defense Command, NORAD, Joint Chiefs, Staff, American, White House, Strategic Command, White, North, Democrats, Chiefs, Air Force, Senate, U.S ., United Locations: United States, Omaha, U.S, America, Hiroshima, Nagasaki, Soviet, North Korea, Trump’s

☆ Their Weapons Against the Effects of Aging: Friendship, and Some Fancy Footwork
▼ + stars: | 2024-02-24 | by ( Colbi Edmonds | Madeline Gray | ) www.nytimes.com time to read: +1 min

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In Beaufort, N.C., a group of women offers a window into what contemporary aging can be in a nation that is rapidly getting older. “If you want to say something,” one woman hollered above the din, “you better scream it!”Ms. Barnes’s home is not a sorority house — she is 86 years old. “We’re not very contained,” said Ms. Barnes, who is the Queen Mother of the group. The Belles are a chapter of The Sweet Potato Queens — an international network of more than 6,500 women’s groups that aim for a similar balance of amusement and mutual support.

Persons: Martha Barnes’s, Barnes’s, —, “, ”, Barnes Locations: Beaufort, N.C

☆ American Airlines is raising checked-luggage prices
▼ + stars: | 2024-02-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Checking a bag on American Airlines will now cost you more than at every other major US airline. That’s as much as a 33% increase from what it previously cost on American Airlines: $30 for both methods. Flights within and between the United States, Puerto Rico and US Virgin Islands are all affected by the price increase. American has also hiked the price of a second checked bag to $45 (up from $40.) The price increase comes at a time when airlines are battling rising fuel and labor costs.

Persons: didn’t Organizations: New, New York CNN, American Airlines, Flyers, Delta Air Lines, United Airlines, of Transportation Statistics Locations: New York, That’s, United States, Puerto Rico, Canada, Caribbean, Mexico, Central America

☆ Sweating Buckets, and Loving It: Minnesotans and Their Saunas
▼ + stars: | 2024-02-17 | by ( Ernesto Londoño | Jenn Ackerman | ) www.nytimes.com time to read: +1 min

For people in Minnesota, the sauna is a link to the past and a way to form new bonds. Feb. 17, 2024Jumping in a hole in a frozen lake during a subzero Minnesota winter evening is brutal. On the banks of Lake Minnewashta in Excelsior, just outside Minneapolis, the answer lies in a dimly lit, wood-burning barrel-shaped sauna a few feet away. Minnesotans have begun partaking in a version of this ritual in droves as a tradition imported by the state’s Nordic settlers in the late 1800s has gone mainstream. While cold plunging is not obligatory — and some opt out — most of the new sauna venues encourage even mild forms of cold exposure, like dumping a bucket of cold water on your head.

Locations: Minnesota, Lake Minnewashta, Excelsior, Minneapolis, Midwest

☆ These 3 Democratic senators voted against a $95.3 billion Ukraine and Israel aid bill — citing the war in Gaza
▼ + stars: | 2024-02-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Three Democratic senators voted against a $95.3 billion bill to give aid to Israel and Ukraine. Other Democratic senators who have been critical of the war voted for the aid anyway. AdvertisementEarly on Tuesday morning, the Senate passed a $95.3 billion bill to provide aid to Ukraine, Israel, and Taiwan by a 70-29 margin. Most of the votes against the bill came from Republicans, some of whom were opposed to providing $60 billion in Ukraine aid while others protested the lack of border security provisions. It requires any country receiving foreign aid, including Israel, to submit written assurances that they are complying with human rights laws.

Persons: —, Peter Welch of, Jeff Merkley, Bernie Sanders of, Sanders, Welch, Netanyahu, Israel, Joe Biden, Biden, Democratic Sen, Elizabeth Warren of Massachusetts, Mike Johnson, Johnson Organizations: Democratic, Service, Senate Democratic Conference, Senate Locations: Israel, Ukraine, Gaza, Taiwan, Peter Welch of Vermont, Oregon, Bernie Sanders of Vermont

The Senate early Tuesday passed a bill that includes billions of dollars for Ukraine and Israel in their wartime efforts, though its final approval is far from certain amid opposition from House GOP leadership. Twenty-two Republicans voted in favor of the measure, which also includes funds for humanitarian aid in conflict zones like Gaza. Supporters of the package have emphasized the aid is desperately needed as Ukraine continues to battle Russian forces nearly two years after the country’s invasion. Republicans certainly aren’t united behind the standalone foreign aid package, either. Still, Schumer remained optimistic about the package’s future, hoping the bipartisan support in the Senate will pressure the House to act.

Persons: Vladimir Putin, America’s, Chuck Schumer, Donald Trump, Mitch McConnell’s, “, ” McConnell, ”, Trump, hadn’t, Sen, Lindsey Graham of, ” Graham, Mike Johnson, ” Johnson, sidestep Johnson, Schumer Organizations: House GOP, “, NATO, ”, United States Senate, GOP, Senate Locations: Ukraine, Israel, Gaza, U.S, Lindsey Graham of South Carolina, America

WASHINGTON (AP) — The Senate early Tuesday passed a $95.3 billion aid package for Ukraine, Israel and Taiwan, pushing ahead after months of difficult negotiations and amid growing political divisions in the Republican Party over the role of the United States abroad. But a bipartisan deal on border security struck by Republican Sen. James Lankford fell apart just days after its unveiling, a head-spinning development that left negotiators deeply frustrated. After the border bill collapsed, the two leaders abandoned the border provisions and pushed forward with passing the foreign aid package alone — as Democrats had originally intended. In an unusually raw back-and-forth, GOP senators who support the aid challenged some of the opponents directly on the floor. Turner posted on X, formerly Twitter, after the trip that “I reiterated America’s commitment to support Ukraine in its fight against Russia.”But Speaker Johnson is in a tough position.

Persons: Vladimir Putin, It’s, ”, Chuck Schumer, Mitch McConnell, Jeff Merkley, Peter Welch of, Sen, Bernie Sanders, Donald Trump, Mike Johnson, Joe Biden's, Schumer, McConnell, “, ” McConnell, Republican Sen, James Lankford, J.D, Vance, Russia's Putin, Putin, Kentucky Sen, Rand Paul, Carolina Sen, Thom Tillis, ” Tillis, ” Sen, Jerry Moran, Moran, Trump, Russia “, Mike Turner, Volodymyr Zelenskyy, Turner, Johnson, Kevin McCarthy, ” Johnson, Abigail Spanberger, Zelenskyy, ” Spanberger, Lisa Mascaro, Kevin Freking Organizations: WASHINGTON, —, Republican Party, Ukraine, Republican, Republicans, Sens, Ukraine —, GOP, U.S . Senate, Trump, Ohio Republican, Kentucky, NATO, House Republicans, House Intelligence, Russia, ”, Senate, Virginia Democrat, Associated Press Locations: Ukraine, Israel, Taiwan, United States, U.S, Oregon, Peter Welch of Vermont, Russia, Kyiv, China, Gaza, Ohio, Carolina, Europe, America, Virginia

☆ Here's how to create a diversified bond portfolio with up to 6% yield, according to the pros
▼ + stars: | 2024-02-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

But in recent months, many have called for investors to return to bonds as prices are expected to recover soon. Falling yields may prompt investors to wonder which corners of the fixed income market still offer higher yields of up to 6%. He prefers developed market bonds — especially the U.S. — to emerging market bonds, of longer durations exceeding seven years. Emerging market debt can also offer high yield because of the very high real rates in many such economies, Olu-Pitan says, with Latin America debt offering "easily" above 7%. In investment-grade bonds, investors can get above 6% in U.S. financials, she added.

Persons: Brandon Huang, Huang, financials, Remi Olu, Fannie Mae, Freddie Mac, — CNBC's Michael Bloom Organizations: Treasury, LGT Private Banking Asia, CNBC Pro, Agency MBS, U.S ., MBS Locations: U.S, Australia

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