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☆ Alaska Airlines reaches tentative labor deal with flight attendants
▼ + stars: | 2024-06-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Alaska Airlines and its 7,000-member flight attendants union reached a tentative labor deal late Friday, concluding talks that lasted more than a year and a half. In February, flight attendants from Alaska — along with American, United and Southwest —held unprecedented coordinated pickets demanding new contracts. Maller was one of the flight attendants on the Alaska Airlines Flight 1282, which drew international attention on January 5 when a door plug blew off, leaving a gaping hole in the side of the plane. But he said he picketed because the existing contract did not provide a livable wage for too many flight attendants. Maller said he has worked at times as a bartender and that most flight attendants he knows also have second jobs.

Persons: they’ve, we’ve, Steve Maller, Maller, ”, he’s Organizations: New, New York CNN, Alaska Airlines, Railway Labor Act, Alaska —, United, Southwest —, Southwest, Railway Labor, CNN, Alaska Airlines ’ Locations: New York, Alaska

What's next: Media Matters filed a motion to dismiss Musk's lawsuit in March, but a judge has yet to rule. VCG/GettyGovernment lawsuits and investigationsSEC investigation into Musk's Twitter takeoverThe issues: The Securities and Exchange Commission is investigating Elon Musk's Twitter purchase. Matt Winkelmeyer/Getty ImagesPersonal lawsuits against MuskTornetta v. MuskThe issues: Tesla shareholder Richard Tornetta sued Musk and Tesla in a class action lawsuit regarding Musk's compensation package, which was worth $55.8 billion at the time. Several lawsuits also allege Musk discriminated against them because of their race, gender, or disability in choosing to fire them. The executives were set to receive golden parachutes, but claim Musk and X have not paid them out.

Persons: —, Elon Musk, Musk, Claire Boucher, Grimes, Alex Spiro, Sam Altman, Donald Trump, Spiro, Anna Webber, Angelo Carusone, What's, Gina Carano, Schaerr Jaffe, Tesla, Musk's, Elon, SEC hasn't, Elon Musk's, who've, Owen Diaz, Matt Winkelmeyer, Richard Tornetta, Kimbal Musk, He's, Boucher, Benjamin Brody, Brody, Brody reverberated, Ben Brody, didn't, Robert Kaiden, Kaiden, he's, Agrawal, Parag Agrawal, Ned Segal, Twitter Vijaya Gadde, Sean Edgett, Segal, hadn't Organizations: Service, SpaceX, Business, OpenAI, SEC, Trump, Trump —, Elon, Variety, Media, X Corp, Disney, National Labor Relations Board, UAW, Tesla, Getty Government, Twitter, Securities, Exchange Commission, Justice Department, Reuters, Traffic, Administration, NHTSA, Apple, NLRB, Musk's SpaceX, US, Employment Opportunity, Musk, Nazi, Litigation Locations: Texas, Texas and Missouri, America, Nazi Germany, California, Delaware, San Francisco

☆ With 10% yields, private credit looks attractive, says UBS. What you need to know before investing
▼ + stars: | 2024-06-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

There's a lot to like about private credit right now, according to UBS. "We still have defaults very low on the private credit side, lower than what we're seeing on public. "With private credit, you don't know how things might change going forward," she explained. While there are some good players in private credit, there are others who are not, he said. Investing in BDCs Another way to get exposure to private credit is by investing in the public stocks of the business development companies, or BDCs, that are doing the private lending.

Persons: Leslie Falconio, Falconio, Jamie Dimon, Dimon Organizations: UBS, Blackstone Private Credit Fund, Franklin BSP Private Credit Fund, SEC Locations: UBS Americas, Franklin, BDCs

☆ How Scared Should I Be of Bird Flu? - The New York Times
▼ + stars: | 2024-06-19 | by ( Jennifer B. Nuzzo | ) www.nytimes.com time to read: +1 min

How worried you should be about H5N1, the bird flu virus spreading on dairy farms in the United States, depends on whom you are. The Centers for Disease Control and Prevention has described the current H5N1 risk to the general public as low. The risk that the virus poses is tempered by the fact that it doesn’t spread easily among people — yet. Right now public-health experts have the difficult task of urging authorities who can do something about H5N1 to take action, while maintaining public trust. Experts need to be clear that currently, the levers of action are squarely in the hands of government leaders and agricultural interests, not in the hands of the general public.

Organizations: Disease Control Locations: United States

☆ Interviewers keep giving Trump an off-ramp to his revenge tour. He isn’t taking it
▼ + stars: | 2024-06-07 | by ( Steve Contorno | ) edition.cnn.com time to read: +6 min

The open calls for revenge have effectively put retaliation on the ballot this November, and Trump allies have said as much. Trump launched his third campaign for president still seething over his 2020 defeat and signaling revenge against those who kept him from a second term. In March 2023, Trump told the Conservative Political Action Conference: “I am your retribution.”At the urging of some advisers, Trump has at times stepped back from the harsh rhetoric. Trump told the same conservative gathering earlier this year, “Retribution is going to be through success.”It’s a sentiment Trump has repeated many times since — including in the days after his hush money trial ended — but it’s not one he appears fully committed to. After his interview with Trump, McGraw told CNN’s Abby Phillip that he tried to get the former president to understand that a “revenge tour” wouldn’t heal the country and bring people together.

Persons: Donald Trump, Phil McGraw, Phil, Trump, ” McGraw, ” Trump, ”, Sean Hannity, it’s Joe Biden, Hannity, Stormy Daniels, Jim Jordan, Attorney Alvin Bragg, Matthew Colangelo, “, Marco Rubio, JD Vance, Ohio —, Biden, ” Rubio, Stephen Miller, ” Miller, Russell Vought, Kellyanne Conway, ” Conway, Hillary Clinton, ‘ Lock, ’, Steve Bannon, McGraw, CNN’s Abby Phillip, that’s, ” CNN’s Kate Sullivan Organizations: CNN, Fox News, Ohio, Attorney, Trump, GOP, Republican Party, Capitol, Conservative Political, Fox Locations: Manhattan, Marco Rubio of Florida, Washington

Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Shares of AT & T are up 9% on the year, but analyst Michael Rollins' $20 price target implies that shares could rise another 9%. Analyst Andrew Obin upgraded the Post-it and Scotch parent to buy from neutral and raised his price target by $15 to $120. Analyst Christopher Nardone upgraded the shoe maker to buy from neutral and raised his price target by $16 to $87. Analyst Jay Sole upped his price target on the clothing maker by $14 to $174, now suggesting upside of 43.4%.

Persons: Oppenheimer, Exxon, Neal Dingmann, Dingmann, aren't, — Spencer Kimball, Michael Rollins, Rollins, Lisa Kailai Han, BofA, Andrew Obin, William Brown, Michael Roman, Brown, Obin, — Alex Harring, Christopher Nardone, Nardone, Skechers, Jeffrey Zekauskas, Zekauskas, Huntsman, Benjamin Soff, Soff, Fred Imbert, PVH, Jay Sole, Calvin Klein, Tommy Hilfiger, Sole, Alex Harring, Morgan Stanley, Dara Mohsenian, Mohsenian, Anthony Chukumba, Chukumba, Gavin Parsons, Parsons, Tami Zakaria, Zakaria, Herc, Morgan, Tim Hsiao, Bernstein's Eunice Lee, NIO, America's Ming Hsun Lee, Timothy Horan, Horan, Rob Sanderson, Sanderson Organizations: CNBC, Microsoft, Loop, Exxon, Natural Resources, Citi, AT, VZ, Bank of America, Huntsman, JPMorgan, Deutsche Bank, UBS, Colgate, Palmolive, Loop Capital, UBS shaves, Boeing, Rentals, United Rentals, Herc Holdings, Wall, 3Q, Bank, OpenAI Locations: Truist, Guyana, OPEC, Thursday's, America's

☆ 7 expensive mistakes couples make during divorce, according to a lawyer
▼ + stars: | 2024-06-05 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

Read previewNo matter how determined you are to prevent getting divorced, you can't control what your spouse wants — or how they'll behave throughout the divorce process. Sometimes, the characteristics in your partner that push you to file for divorce are the same ones that can make the process nasty, drawn-out, and costly, according to Lois M. Brenner, a divorce lawyer in New York. Brenner shared some of the biggest mistakes people make throughout the divorce process, including before they decide to part ways. They make big decisions without talking to their lawyerWhen a client considers divorce, Brenner usually starts with a thorough consultation. "You really need to have a sense of what is possible in a divorce," Brenner said, such as knowing a realistic range for spousal support if you have kids.

Persons: —, Lois M, Brenner, they're, spender, They're, she'll, doesn't Organizations: Service, Business Locations: New York

☆ Xabi Alonso: ‘Not winning treble with Bayer Leverkusen will make me a better manager’
▼ + stars: | 2024-06-04 | by ( Amanda Davies | ) edition.cnn.com time to read: +9 min

Xabi Alonso and Bayer Leverkusen are a living, breathing testament to that. “During the first weeks of the competition, I had a good feeling that we could make a good season. “For sure, I was not that optimistic that we could fight until the last week, but that we could have a good season? Could Leverkusen become just the second German team in history to complete a treble after Bayern Munich? “For the whole of Europe or even the whole world to see how good the teams are, how good the players are … it’s really, really important.

Persons: it’s, Xabi Alonso, they’ve, ‘, ’, ” Alonso, Amanda Davies, Alonso, ”, “, Francis Gonzalez, Granit, Victor Boniface, Florian Wirtz, Jeremie Frimpong, Ina Fassbender, “ We’re, Alonso applauds, Alex Grimm, It’s, Atalanta, That’s, Premier League …, Hesham, Jeremie, Frimpong, ” It’s, Vincent Kompany, Arne, he’d Organizations: Italy CNN, Bayer Leverkusen, CNN, Globe Soccer, “, Real Madrid’s, Real, Sociedad, Real Sociedad, Real Sociedad B, Bundesliga, Champions, Champions League, Bayern Munich, –, Leverkusen, Real Madrid, League, Getty, Augsburg, Invincibles, Benfica, Atalanta, Europa League, Kaiserslautern, Leverkusen's Europa League, Borussia Dortmund, ‘ Farmers League, Liga, Premier League, – Bayern Munich, Liverpool Locations: Sardinia, Italy, AFP, Germany, Europe, Dortmund, San Francisco, Delhi, Liverpool, Merseyside

☆ EU's 14th sanctions package must target circumvention, energy exports, Zelenskyy advisor says
▼ + stars: | 2024-05-31 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The European Union's upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down on circumvention by third parties, an advisor to the office of Ukrainian President Volodymyr Zelenskyy told CNBC. He noted that EU states would need to work more cohesively for sanctions to stand a chance of crossing the line by the end of next month as planned. "The most critical aspect of the 14th sanctions package is its adoption by the end of June, but some member states currently pose a challenge to this," Vlasiuk said via email Thursday. The EU's special envoy for the implementation of sanctions, David O'Sullivan, was in Kyiv on Thursday to discuss the latest sanctions package amid ongoing pushback from member states such as Hungary. Among the proposed measures is a ban on Russian liquified natural gas, or LNG, exports and a crackdown on sanctions circumvention via countries including Kremlin ally Belarus.

Persons: Volodymyr Zelenskyy, Vladyslav Vlasiuk, Vlasiuk, David O'Sullivan, Nataliia, Shapoval, Dmitry Birichevsky Organizations: CNBC, Kremlin, Russian Sanctions, EU, KSE Institute, Russian Foreign Ministry, Ria Locations: Wilhelmshaven, Germany, Russia, Kyiv, Hungary, Belarus, China, India, Ria Novosti, Ports, France, Belgium, Spain, Asia

☆ Ukraine war live updates: Russia says it isn’t bluffing over threats to use nuclear weapons; ‘difficult night’ for Kharkiv
▼ + stars: | 2024-05-31 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

The European Union's upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down on circumvention by third parties, an advisor to the office of Ukraine President Volodymyr Zelenskyy told CNBC. Vladyslav Vlasiuk said it was also vital to tighten export controls on critical technologies used within Moscow's military equipment. However, he noted that EU states would need to work more cohesively for sanctions to stand a chance of crossing the line by the end of next month as planned. The EU's special envoy for the implementation of sanctions, David O'Sullivan, was in Kyiv Thursday to discuss the latest sanctions package amid ongoing pushback from member states such as Hungary. Shapoval noted, however, that gas supplies were much more difficult to direct without European infrastructure than, for example, oil.

Persons: Volodymyr Zelenskyy, Vladyslav Vlasiuk, Vlasiuk, David O'Sullivan, Nataliia, Shapoval, — Karen Gilchrist Organizations: CNBC, Kremlin, Russian Sanctions, EU Locations: Russia, Kyiv, Hungary, Belarus, China, India

☆ How the world got into $315 trillion of debt
▼ + stars: | 2024-05-28 | by ( Nessa Anwar | ) www.cnbc.com time to read: +6 min

In 2024, global gross domestic product — or GDP — amounted to $109.5 trillion dollars — slightly over a third of that global debt number. So, with global debt at a record high, should you be concerned? The first debt wave originated from Latin America in the 1980s, which led 16 countries in that region to restructure their borrowings. Global debt rose to 256 percent of GDP in 2020, a 28-percentage point increase - and the biggest one-year debt rise since the Second World War. The fourth wave has been the biggest, fastest and most wide-ranging rise in debt we've seen since World War II.

Persons: we've Organizations: World Bank, International Monetary Fund, United Locations: Prussian, Civil, United States, America, Asia, U.S, Europe, Zambia, Japan, China, India, Mexico

☆ Trump’s Pattern of Sowing Election Doubt Intensifies in 2024
▼ + stars: | 2024-05-24 | by ( Karen Yourish | Charlie Smart | ) www.nytimes.com time to read: +8 min

Trump’s Pattern of Sowing Election Doubt Intensifies in 2024Former President Donald J. Trump has baselessly and publicly cast doubt about the fairness of the 2024 election about once a day, on average, since he announced his candidacy for president, according to an analysis by The New York Times. A line chart shows the number of times Donald J. Trump cast doubt on the fairness or integrity of the election during the 2016, 2020, and 2024 election cycles. Mr. Trump first raised questions about the 2016 election in August of that year, about 100 days before the election. About six weeks before Election Day in 2020, Mr. Trump refused to commit to a peaceful transfer of power. “We want to make sure that the election is honest, and I’m not sure that it can be,” Mr. Trump said.

Persons: Donald J, Trump, Trump’s, —, Long, Biden, “ weaponizing, ”, ” Mr, General Merrick B, we’re, “, TRUMP, “ You’ve, Hillary Clinton, Mr, I’m, ” —, I’ll, it’s Organizations: The New York Times, Trump, Mr, United States Capitol, White, Justice Department, Republican, Democratic, Electoral College, House, Milwaukee Journal Sentinel Locations: Florida, Georgia, Manhattan, Ukraine

☆ Blue-collar jobs are booming. White-collar jobs, not so much.
▼ + stars: | 2024-05-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +14 min

Now, she told me, blue-collar work is an oasis in the fake-email-job desert, with a newfound social cachet. In a survey conducted in late 2021, 67% of blue-collar workers said they believed the pandemic changed how people viewed their jobs, and 75% of white-collar workers agreed. AdvertisementNow, the economy is adding blue-collar jobs at a rapid clip. There is a tendency — particularly among white-collar workers — to look at blue-collar work through rose-colored glasses, to romanticize the hard work and skills it requires. The labor market hasn't completely reversed course; blue-collar jobs may be booming, but a bachelor's degree is still often a prerequisite for roles with high pay and numerous benefits.

Persons: Alyssa DeOliveira, didn't, DeOliveira, Chris Collins, Collins, Steven Kurutz, influencers, Eames, Bernie Sanders, Elise Gould, she's, it's, moratoriums —, Gould, Frankie Giambrone, Giambrone, Biden, Lael Brainard, Scott Gove, Michael Kaye, Gove, there's, he's, Sam Pillar, Jeff Goldalian Organizations: Walmart, UPS, Business, The New York Times, Economic, Bureau of Labor Statistics, National Economic Council, Teamsters Union, United Auto Workers, Teamsters Locations: Boston, Tennessee, New York City

☆ Google's shiny new AI gave the wrong information in a promo video — again
▼ + stars: | 2024-05-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

But Google's Tuesday video shows one of the major pitfalls of AI: wrong, not just bad, advice. A minute into the flashy, quick-paced video, Gemini AI in Google Search presented a factual error first spotted by The Verge. Professional photographers — or anyone who has used a film camera — know that this is a terrible idea. AdvertisementEarlier this year, the Gemini chatbot was hammered for refusing to produce pictures of white people. Last year, users of Bing, Microsoft's AI chatbot, reported strange interactions with the bot.

Persons: —, Bard chatbot, James Webb, Bing Organizations: Service, Google, Gemini, Business, Google Google, Telescope, gaslight, Companies, Air Canada

☆ Trump could face a $100 million tax bill after the IRS says he tried to write off the same losses twice on his Chicago skyscraper
▼ + stars: | 2024-05-11 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump could face a $100 million tax bill after the IRS said he twice sought to write off the same losses on his struggling 92-story Chicago skyscraper, according to a New York Times and ProPublica report. In the IRS inquiry, acquired by The Times and ProPublica, the agency said Trump tried to claim tax benefits from financial losses associated with the project and that he practically wrote off those losses twice. Trump's first tax write-off for the Chicago tower came in his 2008 tax return, when sales at the building faltered below expectations. AdvertisementIn that year's tax return, Trump noted that he lost up to $651 million on the project, according to The Times and ProPublica. AdvertisementAfter looking at the inquiry, The Times and ProPublica — and tax experts — concluded that the revision pursued by the IRS would give Trump an updated tax bill exceeding $100 million, excluding any additional penalties.

Persons: —, Donald Trump, Trump, Trump's, ProPublica, Eric Trump, Jean Carroll, Carroll Organizations: Service, New York Times, Trump International, Tower, Chicago Sun, Times, Business, The Times, IRS, Trump, Trump Organization, Chicago, Prosecutors Locations: Chicago, Tower Chicago, New York

☆ From Free Speech to Free Palestine: Six Decades of Student Protest
▼ + stars: | 2024-05-04 | by ( Richard Fausset | ) www.nytimes.com time to read: +1 min

An American college student looked out at a sea of protesters and spoke of a machine that had grown so “odious” that it had left people of good will little choice. “You’ve got to put your bodies upon the gears and upon the wheels, upon the levers, upon all the apparatus, and you’ve got to make it stop,” he said. That scene played out 60 years ago at the University of California, Berkeley. The words were directed at the university leadership, and referring to its restrictions on campus political activity. But the speech, from the student leader Mario Savio, and the sit-in that followed could have happened yesterday.

Persons: “ You’ve, you’ve, ”, Mario Savio Organizations: University of California Locations: Berkeley, Gaza, United States, Vietnam

☆ AI boom in Silicon Valley is going to worsen the housing problem, says CEO of billionaire-backed company trying to build a new city near San Francisco
▼ + stars: | 2024-05-03 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Jan Sramek, CEO of California Forever, wants to build a new city in Solano County, California. The recent "AI boom" will only make the housing crisis worse, Sramek told Kara Swisher. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Previously published information from California Forever revealed that the city will be about 18,600 acres with a capacity to welcome 400,000 residents. A California Forever spokesperson didn't address the question in an emailed response to Business Insider.

Persons: Jan Sramek, Sramek, Kara Swisher, —, Goldman Sachs, didn't, The Lever Organizations: Service, Silicon, California Forever, Business, International Monetary Fund, IMF, Research Locations: California, Solano County , California, Northern California, Solano County, San Francisco, Golden State, Bay, Palo Alto

☆ A mortgage advisor shares how to get the 3.5% down payment on an FHA loan fully covered — and the 3 best strategies real-estate investors can use to maximize leverage from government loans
▼ + stars: | 2024-05-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This was achieved by allowing first-time buyers to purchase a home with a smaller down payment — as low as 3.5%. The program is still around, and it's often a great way for real-estate investors to get started. Advertisement3 ways to make the most of government loan programsWelgan also shared two strategies that real-estate investors can use to maximize the leverage offered through government loans. Buyers can now purchase up to a four-unit property with a down payment of as little as 5%. "That's been a game changer for real-estate investors," Welgan said.

Persons: —, Jeff Welgan, Fannie Mae, Buyers, Welgan, Fannie Mae's, That's, ADUs, Dave Meyer, Fannie, I've Organizations: Service, Act, Business, Federal National Mortgage Association, Mortgage, Urban Locations: Los Angeles County , California, Michigan, California

☆ Maybe Kristi Noem doesn't want to be Trump's vice president
▼ + stars: | 2024-05-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Kristi Noem keeps hurting her chances to become Donald Trump's running mate. Kristi Noem has campaigned so badly to be former President Donald Trump's vice president that even some of the most controversial Trumpworld figures are turned off. If Noem truly wants to be vice president, this has been one of the worst efforts to obtain the job. AdvertisementIt's a difficult balance trying to become vice president. At worst, a potential vice president could lose all the leverage to shape the role in a way that would benefit him or her the most.

Persons: Kristi Noem, Donald Trump's, Noem, —, I've, Steve Bannon, Donald Trump Jr, Bannon, Trump, Tim Walz, Nicole Malliotakis, Joe Biden, Barack Obama, Harry Truman, FDR, Sen, JD Vance, Trump . Sen, Marco Rubio, Doug Burgum, Tim Scott of, George Costanza, Saul Goodman, Saul, Biden, Los Angeles Mayor Eric Garcetti, Karen Bass, Susan Rice, Gretchen Whitmer, Elizabeth Warren Organizations: South Dakota Gov, Service, White, Trump Jr, Cricket, The Guardian, Minnesota Gov, GOP, New, New York Republican, Politico, Gov, Ohio Republican, Trump ., Trump, Trump . North Dakota Gov, Wall Street, Los Angeles Mayor, New York Times, Michigan Gov Locations: New York, Texas, Ohio, Trump ., Tim Scott of South Carolina, Los Angeles, Biden's White

☆ Election Deniers Are Still Shaping Arizona Politics
▼ + stars: | 2024-04-29 | by ( Jess Bidgood | ) www.nytimes.com time to read: +1 min

Two years ago, a group of election deniers ran for office in Arizona, with Kari Lake’s campaign for governor topping the ticket. It turned out, though, that the small matter of losing was not going to keep election deniers out of the spotlight, nor away from key roles in the Arizona Republican Party and beyond. Last week, the Democratic attorney general of Arizona charged 17 people with counts including conspiracy, fraud and forgery, alleging they made efforts to overturn former President Donald Trump’s narrow loss in the 2020 election that amounted to a crime. Eleven of the people charged cast fake electoral votes in support of Trump. (While their names were redacted in the indictment, detailed descriptions contained in the charging documents made it easy to tell who they are.)

Persons: Kari Lake’s, Donald Trump’s, Trump, Rudolph Giuliani, Mark Meadows, Boris Epshteyn Organizations: Arizona Republican Party, Democratic, Trump, White House Locations: Arizona, New York

☆ Why a Viking Global portfolio manager is worried about a multi-strat meltdown, plus his favorite European luxury stock
▼ + stars: | 2024-04-19 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCompared to some of its Tiger Cub peers, $48 billion Viking Global's highs and lows have been more muted. This story is available exclusively to Business Insider subscribers. "If the stock went up 25% tomorrow, we would probably sell it absent any other fundamental change in the business." AdvertisementThe firm's flagship long-short fund was up 5.8% in the first quarter, a person close to the firm told Business Insider, and its long-only fund returned 10.1%.

Persons: —, Justin Walsh, Walsh, Hermes Organizations: Service, Tiger Cub, Tiger, Business, Harvard Business School Investment, Citadel, Business Insider, Cartier Locations: Stamford, Swiss

☆ Bayer Leverkusen: Record 44-game unbeaten run brings to an end 31 years of hurt and ridicule
▼ + stars: | 2024-04-19 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

However, if you were a fan of German soccer club Bayer Leverkusen, little changed for you over those 31 years – there was just a lot of disappointment. Since winning the German Cup in 1993, Leverkusen relentlessly explored increasingly agonizing ways of spurning chances to win trophies. The current season has already reaped rewards in the form of the Bundesliga title, with potential domestic and European competition success transforming this into a season for the ages. Everybody was on the pitch this evening, everybody was crying.”After years being the butt of the joke, Leverkusen fans could finally spin the narrative. Leverkusen fans celebrated en masse on the pitch after winning the German league title.

Persons: ’, David Letterman ’, Xabi, Alonso, Mike Hewitt, ”, Schwarzroten, ‘ You’ll, Olaf Schmidt –, –, midfifelder, Jeremie Frimpong, Xabi Alonso, Lars Baron, Florian Wirtz’s wizardry, Deutscher Meister ’, ” Schmidt, ‘, Schmidt, Andreas Rentz, ” Uwe Schewiola Organizations: CNN, Chicago Bulls, NBA, The Bulls, Bayer Leverkusen, Basque, Bundesliga, Europa League, West Ham United, Getty, Real Madrid, ’, Olaf Schmidt – Leverkusen, CNN Sport, Bayern, Spain, Leverkusen, Bayern Munich, Bayer, Werder Bremen, Black, Reds, FC Kaiserslautern Locations: German, Europe, Real, London, Liverpool, Bayern Munich, Real Madrid, Germany, England, Spain, Italy, Tolosa, West Ham

☆ What the new Goldilocks job market means for you
▼ + stars: | 2024-04-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Business Insider looked at how components of the labor market have settled down, like wage growth. And that more boring but steady labor market could be great news for workers and job seekers. The US could be in a Goldilocks job market. Job switchers are seeing higher wage growth than people staying, according to the 12-month moving average of median wage growth from the Atlanta Fed's Wage Growth Tracker. So what will happen to the Goldilocks job market?

Persons: Nick Bunker, Bunker, —, That's, Julia Pollak, ZipRecruiter's, " Pollak, Pollak, Job, Julie Su, switchers, Eugenio Alemán, Raymond James, Juliana Kaplan Organizations: Service, North America, BLS Locations: Atlanta

☆ 'Buffett really was not a great stock picker': Financial researcher Larry Swedroe on how investors can emulate the billionaire investor
▼ + stars: | 2024-04-13 | by ( Meredith Mutter | ) www.cnbc.com time to read: +3 min

Larry Swedroe, who is considered one of the market's most esteemed researchers, thinks Warren Buffett's investment style doesn't work well anymore. "Warren Buffett was generally considered the greatest stock picker of all time. And, what we have learned in the academic research is Warren Buffett really was not a great stock picker at all," Swedroe told CNBC's "ETF Edge" this week. "What Warren Buffett's 'secret sauce' was, he figured out 50, 60 years before all the academics what these factors were that allowed you to earn excess returns." In his latest book, Swedroe likens the stock market to sports betting and active managers to bookies.

Persons: Larry Swedroe, Warren, Warren Buffett, Swedroe, CNBC's, Warren Buffett's, Cliff Asness, Buffett, Buffett's, who's Organizations: Wall Street, Alpha, CNBC, Buckingham Wealth Partners Locations: AQR, Bridgeway, BlackRock

☆ How Trump’s tariff plans could kill jobs and worsen inflation
▼ + stars: | 2024-04-11 | by ( Matt Egan | ) edition.cnn.com time to read: +10 min

Trump has floated a 10% across-the-board tariff on imports, a 60% tariff on imports from China and a 100% tariff on foreign cars – including from Mexico. Trump’s proposals, if enacted, could easily set off a new trade war with China and potentially other nations, too. Some economists are warning Trump’s trade agenda and the ensuing retaliation from trading partners would hurt the US economy by worsening inflation, killing jobs, depressing growth and spooking investors. It’s hard to say exactly because there is a lot of uncertainty over how much of Trump’s proposed agenda would actually be enacted. That’s because tariffs tax imports when they come ashore, adding costs for US distributors, retailers and, ultimately consumers.

Persons: he’s, Donald Trump, Trump, ” Alex Durante, Trump’s, ”, Mark Zandi, Goldman Sachs, ” Goldman Sachs, Jan Hatzius, ” Goldman, Janet Yellen, Joe Biden’s, Karoline Leavitt, ” “, ” Leavitt, “, Biden, “ Donald Trump, ” Biden, James Singer, Biden’s, That’s, Durante, Joe Brusuelas, don’t, ” Brusuelas, Brusuelas, Liz, Maury Obstfeld, Obstfeld, Obama, ” Durante Organizations: New, New York CNN —, Tax Foundation, CNN, Trump, China, Bureau of Labor Statistics, Federal Reserve, RSM, Target, Walmart, Peterson Institute for International Economics, International Monetary Fund, US International Trade Commission, “, Obama Locations: New York, China, Mexico, Beijing, United States

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