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☆ Instagram and Threads will no longer promote ‘political’ content. No one knows what they define as ‘political’
▼ + stars: | 2024-02-15 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —What constitutes “political” content? “Our goal is to preserve the ability for people to choose to interact with political content, while respecting each person’s appetite for it,” Mosseri explained. “Meta seems unable to define ‘political’ content,” Charlie Warzel, a staff writer at The Atlantic who covers the intersection of technology, politics, and culture, told me. According to Meta’s Ad Library, the company has raked in more than $4 billion in political and social issues ad spending since 2018. It’s not just limited to social issues.

Persons: Meta, Mark Zuckerberg, Adam Mosseri, ” Mosseri, Elon Musk’s, “, ” Judd Legum, ”, Mark Cuban, Charlie Warzel, Mosseri, ” Parker Malloy, It’s, Taylor, Jimmy Kimmel, Warzel Organizations: New York CNN, Popular Information, Washington , D.C, Meta, Meta’s Ad Locations: New York, Washington ,

☆ Brent Sikkema, Influential Gallerist, Is Found Dead in His Rio Apartment
▼ + stars: | 2024-01-16 | by ( Zachary Small | More About Zachary Small | ) www.nytimes.com time to read: +1 min

The Manhattan art dealer Brent Sikkema, who represented prominent artists like Kara Walker, Jeffrey Gibson and Vik Muniz, was found dead in his Rio de Janeiro apartment on Monday night. Brazilian publications reported that the gallerist, who helped found Sikkema Jenkins & Co., was discovered with stab wounds to his body after the local Fire Department was called to his apartment in the neighborhood of Jardim Botânico. “It is with great sadness that the gallery announces the passing of our beloved founder,” Meg Malloy and Michael Jenkins, his business partners, said in a statement. “The gallery grieves this tremendous loss and will continue on in his spirit.”The Brazilian police did not immediately respond to a request for comment. “Officers will listen to witnesses, are looking for more information and are carrying out other inquiries to shed light on the case,” the Civil Police of Rio de Janeiro State said in a statement to The Associated Press.

Persons: Brent Sikkema, Kara Walker, Jeffrey Gibson, Vik Muniz, Sikkema Jenkins, ” Meg Malloy, Michael Jenkins, “ Organizations: Co, Fire Department, Civil Police, Associated Press Locations: Manhattan, Rio de Janeiro, Jardim Botânico

☆ These bonds offering tax-free income will still be a good deal in 2024
▼ + stars: | 2023-12-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Municipal bonds, favored for their tax-free income, are looking at a solid year in 2024 and could be a compelling purchase for investors hoping to lock in attractive yields. "We will likely see positive total returns," said Cooper Howard, fixed income strategist at the Schwab Center for Financial Research. "Munis are one of the best things going in the fixed income space," he said. It provides all the attributes of fixed income, and it serves as ballast to an overall diversified portfolio." Naturally, rates are on the minds of fixed income investors and strategists, as well as recession risk.

Persons: Cooper Howard, who've, Peter Higgins, Ben Barber, Schwab's Howard, Paul Malloy, It's, Beth Foos, Malloy, Howard, you've Organizations: Schwab Center, Financial Research, Morningstar U.S, Municipal, Shelton Capital Management, York Life Investments, Franklin, AAA, Vanguard, Bond, Morningstar Locations: New York , New Jersey, California

☆ Federal judge rips into Montana's statewide TikTok ban in preliminary injunction hearing
▼ + stars: | 2023-10-12 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Montana became the first state to authorize a complete ban on TikTok when lawmakers passed SB419 in April and Gov. US officials have said that Chinese government influence over ByteDance could potentially lead to US TikTok users’ data being exposed to Beijing — which might facilitate spying, blackmail or other espionage activity. Alexander Berengaut, an attorney for TikTok, responded by quoting Montana Attorney General Austin Knudsen’s own past words about the ban that have characterized TikTok as an alleged agent of China. Ambika Kumar, an attorney representing the group of TikTok creators, said SB419 tramples on the First Amendment rights of consumers and of TikTok itself. Knudsen could have even gone on television to issue public service announcements warning Montanans not to use TikTok, Malloy suggested.

Persons: Greg Gianforte, Donald Molloy, Christian Corrigan, Corrigan, ” Corrigan, Montana’s, ByteDance, TikTok, Molloy, Alexander Berengaut, Austin Knudsen’s, ” Berengaut, ’, ” Molloy, Ambika Kumar, SB419 tramples, ” Kumar, “ It’s, Malloy, “, ”, Knudsen, ” Malloy Organizations: CNN, Gov, TikTok Locations: Montana, United States, China, Beijing, TikTok, Berengaut

☆ Don't let the tax break drive your search for munis. How to find the right fit for your portfolio
▼ + stars: | 2023-09-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Income investors love municipal bonds for their tax advantages, but they may not necessarily be making the best choice for their portfolio. The interest earned on munis is generally exempt from federal income tax and, in some cases, state tax. That means a muni bond yielding 3.7% can reach over 6% on a tax-adjusted basis for those in the highest tax bracket. For instance, if muni bonds are yielding 3% and Treasurys are at 4%, the answer is 0.75. "If your tax rate is above that number, you should buy munis," Pate said.

Persons: Richard Carter, Brian Barney, Fidelity's Carter, Wesly Pate, muni, " Pate, Carter, Paul Malloy, Pate, Barney, Research's Pate Organizations: Fidelity, Management, Vanguard Locations: munis, muni, Boston

After being rushed in an ambulance to a hospital, the 15-month-old girl died from a fentanyl overdose. Political Cartoons View All 1148 ImagesIn California, where the Legislature has failed to pass such laws, prosecutors in at least three counties are turning to drunk driving laws to charge parents whose children die from fentanyl overdose. Last month, a Maine woman pleaded guilty to manslaughter after her 14-month-old son’s fentanyl overdose. Prosecutors say the parents, like drunk drivers, knew fentanyl can injure or kill people. The boyfriend and girlfriend were charged with murder after their toddler died of a fentanyl overdose in June 2020.

Persons: — Madison Bernard, Charlotte, didn’t, ”, Charlie Smith, Smith, ” Smith, Jeremy Whitney Frazier, Heather Marie Frazier, Ashley Malloy’s, Karson, Watson advisement, “ I’ve, Daima Calhoun, Alexandra Waite, Collin Pascal Kittrell, Investigators, Allison, Waite, Graham Donath, Allison's, Ryan Hughes, Bernard, Evan Frostick, Frostick, Bernard's, Carla Rodriguez Organizations: Authorities, National District Attorneys Association, Prosecutors, National District, Riverside, Associated Press, Santa Rosa Police Department, Santa Rosa Press Democrat, AP Locations: SANTA ROSA, Calif, California, U.S, Frederick County , Maryland, Maryland, Maine, Riverside , Sonoma, Stanislaus, Riverside County, Riverside, Sonoma County, Santa Rosa

“My personal favorite was Nikki Haley,” Sarcone told CNN of the former South Carolina governor after watching Wednesday’s debate at her Urbandale home in the Des Moines suburbs. Betsy Sarcone, right, watches the GOP debate with her parents Russ and Susan Sanders. To that end, these were the two biggest takeaways from our group: Haley made a strong impression, and Ramaswamy stirs an undercard version of the Trump GOP divide. “Some Trump people may have found that attractive about Ramaswamy, right?” Betsy Sarcone said. She personally would be my favorite candidate right now.

Persons: Betsy Sarcone, Nikki Haley, ” Sarcone, ’ ” Chris Mudd, Donald Trump, Vivek Ramaswamy, Mudd, “ I’m, ” Mudd, “ Trump, Vivek, Russ, Susan Sanders, Allie Malloy, Haley, Ramaswamy, Trump, Ron DeSantis, Sarcone, “ Haley, DeSantis, Priscilla Forsyth, “ Nikki Haley, ” Forsyth, Chris Mudd, Jeremy Moorhead, “, … I’ve, MAGA, Forsyth, …, He’s, ” Priscilla Forsyth, CNN Sarcone, Susan, Jaclyn Taylor, ” Taylor, ” Jaclyn Taylor, CNN Taylor, South Carolina Sen, Tim Scott, Taylor Organizations: CNN, South, USA, GOP, Republican, Trump GOP, Republican Party, Florida Gov, caucused, Trump, United Nations, “, Trump One Locations: South Carolina, Des Moines, “, Cedar Falls, Milwaukee, Iowa, Florida, Sioux City, Forsyth, DeSantis

☆ Most Americans say Trump should face charges over 2020 election, poll finds
▼ + stars: | 2023-08-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

More than half of U.S. adults, 54%, said they think Trump should face criminal charges in that case, while 42% disagreed, according to the university's latest national survey, released Wednesday. The governor, who was just six points behind Trump in Quinnipiac's national poll in February, trailed the former president by 39 points in the survey released Wednesday. Quinnipiac surveyed 1,818 American adults between Aug. 10-14 in its latest poll, which had a margin of error of 2.3 percentage points. The polling period ended on the same day that Trump was hit with his fourth criminal indictment, this one related to his alleged scheme to reverse his loss in Georgia's 2020 election. Sixty-eight percent of respondents in Quinnipiac's poll said that if a person is convicted of a felony, they should not be eligible to run for president.

Persons: Donald Trump, Ronald Reagan, Barrett Prettyman, Jack Smith, Trump, Tim Malloy, Ron DeSantis, Joe Biden's, — Organizations: Ronald Reagan Washington National Airport, Barrett Prettyman United States Court, Quinnipiac University, Independents, Republican, Florida Gov, Trump, Quinnipiac Locations: Ronald Reagan Washington, Arlington , Va, U.S, Quinnipiac's, Georgia

☆ A GOP divide in Iowa over Trump -- and over the truth
▼ + stars: | 2023-08-09 | by ( John King | ) edition.cnn.com time to read: +11 min

Mudd does not dispute this but says he would have more confidence if states followed the same procedures. “Nothing about that deal is the American way, I don’t think,” Mudd Sr. says of the latest Trump indictment. And it vividly captures the country’s red state-blue state divide, which includes what you think of Trump and where you get your news. Taylor supported Texas Sen. Ted Cruz in the 2016 caucuses, but voted for Trump in November 2016 and again in 2020. Shopping around is an Iowa tradition, but both understand that a splintered field eventually helps Trump, as it did in 2016.

Persons: John King’s, “ Anderson Cooper, Chris Mudd, ” Mudd, “, Joe Biden’s, Mudd, Donald Trump, Donald Trump’s, I’m, Trump, John King, Allison Malloy, CNN “, ”, Biden, Jim Mudd, Republicans don’t, Ronald Reagan, Tracey Mudd, Chris ’, Rob Mudd, that’s, Hunter Biden’s, Tucker Carlson, Hunter Biden, ” Rob Mudd doesn’t, Volodymyr, Zelensky, Vivek Ramaswamy’s, Robert F, Kennedy Jr, ” Chris Mudd, Priscilla Forsyth, Howard Dean, John Edwards, ” Forsyth, ” She’s, isn’t, doesn’t, Forsyth, King, Jaclyn Taylor, Taylor, Texas Sen, Ted Cruz, sighs, Carolina Sen, Tim Scott, Nikki Haley, Ron DeSantis, CNN Betsy Sarcone, ” Sarcone, Florida Sen, Marco Rubio, Hillary Clinton, Sarcone, “ We’ve, ” Taylor Organizations: Waterloo , Iowa CNN, Republican, GOP, CNN, Republicans, America, Fox, today’s Republican, Trump, NATO, RFK, Texas, Biden, Former United Nations, Florida, Biden –, Republican Party, Iowa Locations: Iowa, Waterloo , Iowa, Cedar Falls , Iowa, Ohio, Texas, Pennsylvania, Georgia, Cedar Falls, American, Ukraine, Sioux City, Woodbury, Des Moines, Metro Des Moines, Waukee, ”, Carolina, Clive , Iowa, Urbandale, Florida

CNN —President Joe Biden is canceling his upcoming visits to Papua New Guinea and Australia due to the ongoing debt ceiling negotiations in Washington, the White House confirmed Tuesday. Biden will still travel to Japan starting Wednesday as part of what was supposed to be a weeklong trip through the Pacific region. Earlier Tuesday, National Security Council coordinator for strategic communications John Kirby told reporters that the White House was “reevaluating” the stops to Papua New Guinea and Australia. The cancellation canes as congressional leaders met with Biden at the White House to discuss the debt limit. The Treasury Department has warned that the government default could come as early as June 1, and Treasury Secretary Janet Yellen has said a default would trigger a global economic downturn.

☆ Born of Grief, a Couple’s Off Broadway Incubator Marks 20 Years
▼ + stars: | 2023-05-08 | by ( Robin Pogrebin | ) www.nytimes.com time to read: +1 min

In 2002, Jenny and Jon Steingart founded the Off Broadway incubator Ars Nova as a way of honoring Jenny’s brother, Gabriel Wiener, who in 1997 died of a brain aneurysm at the age of 26. Now, as the nonprofit theater is marking its 20th anniversary, the couple is facing another wrenching struggle: Jon has A.L.S., the severe neurological disorder also known as Lou Gehrig’s disease. “Every painful experience in my life — if I have to live through it, I am going to come out on the other side with a lesson and a way to give back in some way,” Jenny Steingart said in a recent interview at their home on the Upper West Side. “Because a loss without some meaning behind it is really hard to live with.”So this anniversary, to be celebrated with a gala on Monday, also finds the Steingarts feeling great satisfaction, having created an institution that — in the wake of the 9/11 attacks — has played a crucial role in the professional development of so many artists. Among those who have worked at Ars Nova are Lin-Manuel Miranda, Thomas Kail, Christopher Jackson and Phillipa Soo of “Hamilton” fame; Bridget Everett, the actress and cabaret performer of the acclaimed HBO series “Somebody Somewhere”; and Dave Malloy, who created “Natasha, Pierre & the Great Comet of 1812” at Ars Nova.

☆ Here's how EV batteries can be given a second life
▼ + stars: | 2023-03-29 | by ( Sydney Boyo | ) www.cnbc.com time to read: +6 min

China also accounts for over 70% of global EV battery production capacity, meaning the U.S. is heavily dependent on imports of batteries and battery minerals. It estimates that the lifetime of an EV battery is around 12 to 15 years in moderate climates. The company now has over 400 employees and offers what it calls a "one-stop solution" for used and faulty EV batteries. The company wouldn't disclose the number of battery packs it's capable of storing but said it handles on average 15 thousand battery packs and modules per month. "When I think about the future of EV battery recycling specifically, I see it as an increasingly competitive space," Malloy said.

☆ Trump extends lead over DeSantis in new poll of possible GOP primary field
▼ + stars: | 2023-03-15 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Ron DeSantis, who will likely start as the former president's top competitor in the 2024 Republican presidential primary if he runs, according to a poll of a potential GOP field released Wednesday. Quinnipiac University's latest survey of Republican and Republican-leaning voters found Trump winning 46% of support in a hypothetical GOP primary field, with DeSantis receiving 32%. That's a welcome change for Trump, who held just a 6-percentage-point lead over DeSantis in Quinnipiac's February poll of the prospective primary field. None of the 11 other candidates in the poll's hypothetical GOP primary field received more than 2% of the remaining support. Quinnipiac found that larger shares of registered voters have negative views than hold positive views of Biden, Trump, DeSantis, Pence and Haley.

☆ Americans see Biden's handling of classified docs as inappropriate — but not criminal, poll shows
▼ + stars: | 2023-01-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

The survey also found Biden's job approval among Americans sliding further into the red. But a plurality of Americans, 46% to 37%, do not think Biden should face criminal charges over the mishandling of those documents, Quinnipiac found. "Roughly two-thirds of Americans are aware of and troubled by the misplaced classified documents found in President Biden's home and private office. The questions about the classified documents had a margin of error of plus-or-minus 2.6 percentage points. For questions not related to Biden's handling of classified documents, Quinnipiac surveyed 1,659 adults between Wednesday and Sunday.

☆ Companies Are Inventing Silly, Cute Executive Titles but It's a Trick
▼ + stars: | 2023-01-12 | by ( Drew Limsky | ) www.businessinsider.com time to read: +10 min

Chief amazement officers, chief heart officers, and chief empathy officers are popping up across companies. They also found that titles like chief people officer and chief happiness officer were gaining in use. If you thought home's where the heart is, think again, because the workplace now has a chief heart officer. Sometimes the chief heart officer exists in addition to the head of human resources, a role that is increasingly called, more humanistically, the chief people officer. Claude Silver, the chief heart officer at VaynerMedia and self-proclaimed "first chief heart officer," told Forbes in 2017 that she was "here to be of service" to her staff.

New Fannie Mae changes aim to make access to mortgage financing more equitable. But with these new changes, which allow mortgage lenders to use data from a borrower's bank statements to help establish creditworthiness, those who have no credit score may have an easier time qualifying for a mortgage. These changes only affect borrowers who have no score, meaning that those who do have a credit score will still be evaluated based on whether their score meets minimum requirements. Many of those who are credit invisible would otherwise be ideal borrowers, but because they don't have a traditional credit score, they often have trouble getting a mortgage. Just because you don't have a traditional credit score doesn't mean it's impossible to get a mortgage and purchase a home.

☆ Trump hits 7-year low in new national poll as Biden approval climbs
▼ + stars: | 2022-12-14 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Just 31% of registered voters surveyed hold a favorable view of Trump, versus 59% who have an unfavorable opinion of him, the poll found. That's the lowest rating Trump has received since July 2015, shortly after he launched his first presidential bid, according to Quinnipiac. Trump's declining marks were even worse among independent voters, the poll showed. Majorities of registered-voter respondents told Quinnipiac they would not like to see Trump or Biden as a 2024 presidential nominee. Asked for comment, a source close to Trump noted that a recent Morning Consult poll showed Trump holding court as the frontrunner, backed by 49% of potential GOP primary voters compared with 31% who favored DeSantis.

"Interview with the Vampire" is a new series based on the popular book by Anne Rice. You can watch new episodes on AMC Plus and the AMC cable channel every Sunday through November 13. "Interview with the Vampire'' is based on the 1976 novel of the same name by author Anne Rice. How to watch 'Interview with the Vampire' (2022)You can watch "Interview with the Vampire" season one every Sunday at 10 p.m. ET/PT on AMC. You can watch "Interview with the Vampire" for free if you sign up for an AMC Plus trial.

☆ Inflation is getting less hot - and the best-case scenario for stocks just played out.
▼ + stars: | 2022-11-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The stock market just had its best day of the year. We can chalk that up to the Thursday morning inflation data that showed prices cooled faster than expected in October. Specialist trader Chris Malloy (C) gives a price to traders on the floor of the New York Stock Exchange, October 18, 2013. As far as a single day is concerned, yesterday looked like a perfect storm for the stock market. Does the latest inflation report change your outlook on the economy or predictions for what the Fed will do next?

☆ Democratic Rep. Peter Welch faces off against Republican Gerald Malloy in Vermont's US Senate election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Democratic Rep. Peter Welch is running against Republican Gerald Malloy to represent Vermont in the US Senate. Welch has represented Vermont's at-large congressional district for 15 years. Vermont's Senate race candidatesWelch, who has represented Vermont's at-large congressional district in the House since 2007, is running for Senate with a breadth of political experience. Prior to his time in Congress, Welch served in the Vermont State Senate for over a decade, during which he served as minority leader and president pro tempore. From 1856 through the election of 1988, Vermont went Republican in every election except 1964, when it voted for Lyndon Johnson over Barry Goldwater.

☆ Democratic Gov. Ned Lamont faces off against Republican Bob Stefanowski in Connecticut's gubernatorial election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Ned Lamont is running against Republican Bob Stefanowski in Connecticut's gubernatorial race. Lamont narrowly defeated Stefanowski in 2018 and is likely to retain his seat in this rematch. Ned Lamont and Republican Bob Stefanowski are engaged in a rematch in Connecticut's gubernatorial election. Lamont defeated Stefanowski in the 2018 election to succeed outgoing Gov. Lamont defeated Stefanowski in the 2018 election by a slim margin — just over 3 percentage points, or about 44,000 votes.

☆ Vanguard's Paul Malloy on the state of munis: It's the best investment in fixed-income
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVanguard's Paul Malloy on the state of munis: It's the best investment in fixed-incomePaul Malloy, Vanguard head of municipal principal investment, joins 'The Exchange' to discuss the state of municipal bonds.

☆ How the wealthy use life insurance to escape estate tax and why the tactic is now attracting scrutiny
▼ + stars: | 2022-10-12 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +5 min

I'm Jeffrey Cane, stepping out from behind the 10 Things on Wall Street newsletter curtain to help catch you up on all things financial today. But first: Could I interest you in some life insurance? Yes, life insurance is one answer, but it's life insurance with a twist. This little-known tax tool, which may be coming under increasing scrutiny, is called private placement life insurance, or PPLI. It is effectively a life insurance policy that is owned by an offshore trust.

☆ The rich can use offshore life-insurance policies to pass down everything from stocks to yachts to their kids tax-free. Here's how it works and why the Senate is targeting it.
▼ + stars: | 2022-10-12 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

The richest of the rich can use life insurance to avoid estate and income taxes. Life insurance is probably the least sexy area of financial planning. Private-placement life insurance is a little-known tax-avoidance tactic. When structured correctly, PPLI policies can be used to pass on assets from stocks to yachts to heirs without incurring an estate tax. A 40% federal estate tax applies to estate values topping $12.06 million for single people and $24.1 million for married couples.

☆ Warnock leads Walker, but Georgia Senate race is unchanged after abortion payment allegation, poll shows
▼ + stars: | 2022-10-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Senator Raphael Warnock, a Democrat from Georgia, speaks during a 'Working for Georgia' campaign rally in Macon, Georgia, on Friday, Oct. 7, 2022. Walker's rival, Democratic incumbent Sen. Raphael Warnock of Georgia, still leads by seven percentage points, 52% to 45%, according to Quinnipiac University's latest poll of likely voters in Georgia. That spread is virtually unchanged from last month, when the pollster found Warnock led Walker 52% to 46%. "She's lying," Walker told ABC of the woman's abortion claims. Quinnipiac's latest poll surveyed 1,157 likely Georgia voters between last Friday and Monday, days after the abortion scandal broke.

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