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A onetime commodities backwater, congestion trading has become a growing business in recent years as the demand for electricity and volatility on the power grid in the US has soared. The financial category, which includes specialized power-trading companies, banks, hedge funds, and large proprietary trading firms, dominates the market, in part because the physical power firms typically operate in only one or two regions. He launched three congestion trading teams for the firm, including in California and Texas after those states introduced congestion trading in 2008 and 2010, respectively. Citadel, along with Susquehanna International Group and Tower Research, has been involved in FTR trading since the market's infancy. Volatility has been increasing on the power grid, in part because of changing weather patterns, Jeev added.
Persons: Kumar Jeev, Jane Street, Richard Roseblade, who's, There's, Roseblade, Bill Clark, Jeev, DC Energy's Tyler Kuhn, DRW, California Al Seib, Brevan Howard, Jane, Stephanie Staska, Staska, couldn't, Joe Biden's, It's, Meredith Angwin, Angwin Organizations: Business, Capital, Midwest, Citadel, Tower Research, Yes Energy, Energy, Anadolu, Getty, Federal Energy Regulatory Commission, FERC, Nasdaq, York Stock Exchange, Nvidia, Johns Hopkins University, DC Energy, Wayfair, Squarepoint, Appian, Boston Energy, Susquehanna International Group, DC, Bloomberg, Commodities, Traders, Wall Street, Workers, GreenHat Energy, JPMorgan, Hill Energy Resource & Services, P, Grid, & $ Locations: Wall, East Coast, DRW, Susquehanna, FTRs, New York, Canada, Texas, Virginia, California, Berlin, Chicago, Oregon, California Al, Ukraine, Russian, Uri, Northern Virginia
Sam Dogen is one of the pioneers of the FIRE movement — short for financial independence, retire early. "It's having enough in investments and passive income to cover your basic living expenses," Dogen says. By the time he left his investment banking job in 2012 at age 34, Dogen had exactly that — $80,000 a year in passive income, plus a $3 million net worth. If you think you can live on $40,000 a year, multiply by 25, and you need to save $1 million. Under Dogen's model, you haven't achieved FIRE until you've saved the $1 million, built $40,000 in annual passive income, or some combination of the two.
Persons: Sam Dogen, Dogen, you've, haven't Organizations: FIRE
The senior-most US senator from Texas is in an online spat with state Attorney General Ken Paxton. Paxton took umbrage Tuesday morning to Sen. John Cornyn's supporting vote on a recent foreign aid bill. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne of Texas' highest-ranking state officials squabbling with the state's senior-most senator in Congress over a $95 billion foreign aid bill. The lawsuit led state legislators to file articles of impeachment against Paxton in 2023, and the state senate later acquitted him.
Persons: Ken Paxton, Paxton, Sen, John Cornyn's, , US Sen, John Cornyn, Cornyn, Biden, he'd, Ken, Paxton's, Cornyn's, Mike Johnson Organizations: Service, Texas, Republicans, GOP, Democrats, DC Locations: Texas, US, Ukraine, Israel, America, Houston, San Antonio
Sections of the deposition, where Trump denied raping Carroll and said she was "not my type," were played for the jury earlier on Thursday. Three times — twice before his testimony, and once afterward — Trump griped loudly about getting a raw deal from Carroll and the court system. Then, minutes before his testimony, and with the jury still not in the courtroom, Trump piped up again. Judge Kaplan concluded that Trump was liable for defaming Carroll when he called her a liar in 2019 and that the second trial would be only on damages. As Carroll and Kaplan then left the courtroom, Business Insider asked them if they had any response to Trump's parting remark.
Persons: , Donald Trump, Jean Carroll, Trump, Alina Habba, Carroll, umbrage, Lewis Kaplan, he'd, she's, — Trump, Roberta Kaplan, she'd, Kaplan, Carroll's, Judge Kaplan, defaming Carroll, Habba, didn't, Carroll didn't, they'll Organizations: Service, Business, Republican, Trump, US, Carroll, Secret Service, Marshalls Locations: Manhattan, America
A millennial mom on TikTok took umbrage with Gen Z trends, igniting intergenerational discourse. She's not a fan of laminated eyebrows, the "glass skin" trend, "chunky" dad shoes, or mini Uggs. While millennials' style is often critiqued by Gen Z, the TikToker said she doesn't take the debate seriously. AdvertisementA millennial mom recently took umbrage with several popular Gen Z fashion and beauty trends, igniting intergenerational discourse about eyebrows and sneakers on TikTok. In a separate clip, she noted millennials have often been the butt of Gen Z critiques, including being labeled "cheugy" (or basic) for wearing skinny jeans, hairline side parts, and over-the-knee boots.
Persons: TikTok, She's, Gen Z, , Melissa, I'm Organizations: Service
An incumbent hasn't lost his party's presidential nomination since Democrats passed over Franklin Pierce in 1856. Abraham Lincoln's election in 1860 marked the last time someone from a new party — in his case, the Republican Party — won the White House. But with the United States deeply divided and somewhat anxious about the prospect of another Biden-Trump campaign, third party candidates insist voters are restless enough to defy history. West announced last month that he no longer was running under the Green Party banner, but as an independent. Democrats assume that many of voters supporting a progressive environmental activist would likely have chosen Clinton if forced to choose between the major parties.
Persons: George Washington, hasn't, Franklin Pierce, Abraham Lincoln's, Republican Party —, ” Jill Stein, , , Stein, Cornel, “ it's, Biden, Trump, Justice Department indicting Trump, Hillary Clinton, Clinton, umbrage, Dean Phillips, “ I’m, ” Phillips, ” Robert F, Kennedy Jr, Kennedy, Kennedy's, John F, Sen, Robert F, Joe Manchin, Utah Sen, Mitt Romney, Jennifer Franks, Romney, McKay Coppins, Manchin, invigorate centrists, he's “, Meg Kinnard, Leah Willingham Organizations: Republican Party, White, Biden, Trump, Green Party, West, Associated Press, NORC, for Public Affairs Research, Justice Department, Republicans, wariness, Trump's, Clinton, Democratic, Rep, Minnesota, Democratic Party, Children’s Health Defense, Electoral College, GOP, Manchin Locations: United States, Minnesota, renominating, South Carolina, Manchin, Utah, Arizona, Michigan, West Virginia, Columbia , South Carolina, Charleston , West Virginia
WASHINGTON (AP) — By most accounts, Speaker Mike Johnson inherited a House Republican majority in disarray after the sudden ouster of his predecessor last month. But as Johnson, R-La., tries to rebuild that slim majority, he’s fast running into the same hard-right factions and divisions that Rep. Kevin McCarthy, R-Calif., was unable to tame. Centrist conservatives said the measures went too far, however, as the hard-right faction demands steeper reductions in government programs. Johnson rebuffed their suggestion to at least attach the House-passed Israel aid package as a way force the Senate to act. He’s admired, he's trusted,” said Rep. Bob Good, R-Va. “You know, he’s human.
Persons: Mike Johnson, Johnson, Kevin McCarthy, ” Johnson, Joe Biden, McCarthy, , Chip Roy, Nancy Pelosi, ” Roy, , Nick LaLota, LaLota, Biden, He’s, he's, Bob Good, Garrett Graves, Hakeem Jeffries, Jeffries Organizations: WASHINGTON, Republican, Capitol, Teamsters, House Republicans, Biden, Republicans, thundered, Rep, GOP, Justice Department, Hamas, Jan, Democrats, Democratic Locations: Texas, Ukraine, Russia, Israel, Gaza, Mexico, , Garrett Graves of Louisiana, New York
New York CNN —Donald Trump Jr. returned to the witness stand Monday to give his family’s side of the story in the New York attorney general’s civil fraud trial against Donald Trump. portfolioTrump lawyer Cliff Robert spent most of the day asking Trump Jr. to walk through nearly the entire portfolio of the Trump Org. Faherty also asked Trump Jr. about Trump International Hotel Waikiki ditching the Trump name and rebranding. “Welcome back, I feel like I’m at a reunion here, the Trump trial reunion,” Engoron said as she was sworn in. In addition to Trump Jr., Trump attorneys have said they are likely to call back Eric Trump and the former president, both of whom also previously testified.
Persons: Donald Trump Jr, Donald Trump, , Arthur Engoron, gushed, , Engoron, Trump, Cliff Robert, Trump Jr, CNN “ He’s, ” Trump, Robert, Jack Nicklaus, general’s, Lago, Colleen Faherty, Faherty, Kevin Wallace, Chris, Kise, “ Engoron, , he’s, ” Kise, “ You’re, Sherri Dillon, ” Engoron, Eric Trump Organizations: New, New York CNN, Trump Jr, Trump Organization, Trump Org, Trump, CNN, Trump International Golf Club, , Trump National Doral Golf, Trump National Los, Trump International Locations: New York, Westchester , New York, West Palm Beach , Florida, Florida, Bronx, Angeles, Trump National Los Angeles, Doral, Engoron
AdvertisementAdvertisementAre your Google search results increasingly irrelevant — worthless, even? The Verge article, written by Amanda Chicago Lewis, is 8,000 words and starts with an anecdote about attending a search-engine optimization industry event that featured a live alligator. It seeks to answer a question many of us have thought: Why does it seem like Google search sucks now? AdvertisementAdvertisementDespite The Verge's headline (which, as far as I can tell, isn't even good SEO), Lewis doesn't really say that SEO experts ruined the internet. Spammy and misleading SEO are noticeable; good SEO, the kind the people in this article do, is unseen.
Persons: , Amanda Chicago Lewis, it's, It's, SEOs, Danny Goodwin, brag, Danny Sullivan, who's, Sullivan, Lewis, They're, they're, it's furries, Lewis doesn't Organizations: Google, Service, Facebook, Wild,
Gene Sperling, the White House liaison for the strike talks, was in daily contact with executives at the UAW and the three automakers. By that point, there was enough trust that the misunderstanding did little from the White House perspective to hurt the relationship. The UAW president declined to endorse the president who had engaged in the historic outreach. So as I said we’ll do that when it’s time.”Still, the White House saw itself as building trust with the UAW as the talks progressed. As soon as a tentative agreement was in place, Barra told the gathered negotiators that she needed to text the White House.
Persons: Joe Biden, Shawn Fain, Biden, Fain, Gene Sperling, Sperling, We’re, Donald Trump, “ I’m, ” Biden, , Julie Su, Su, umbrage, , ” Fain, “ We’ll, Ford, Stellantis, Mary Barra, Barra, Tom Krisher Organizations: WASHINGTON, United Auto Workers, General Motors, UAW, GM, Ford, Chrysler, Democratic, White, Democratic White Houses, Associated Press, Democrats, AP VoteCast, Republican, Labor, Biden, AP Locations: Delaware, Michigan, Pennsylvania, Wisconsin, Detroit
Thurston Moore’s Electrifying History Lesson
  + stars: | 2023-10-19 | by ( Mark Yarm | ) www.nytimes.com   time to read: +3 min
“He and the band championed Beck, Mudhoney, Dinosaur Jr. and Nirvana” early on, he said. (She memorably howls her way through “Death Valley ’69,” Sonic Youth’s combustive first single, from 1984.) In October 2011, Sonic Youth’s label made the surprise announcement that Moore and Gordon had separated after 27 years of marriage. In the book, Moore shares a bare-bones version of what transpired — he had fallen in love with Eva Prinz, a book editor. If I got too much into that, that would be a critical focus, as it is with any memoir.
Persons: Dave Markey, , Thurston, ” Markey, Azerrad, Moore’s, Beck, , ” Beck, Moore, “ He’s, Lydia Lunch, Jesus, Gordon, , Eva Prinz, It’s, ” Moore, Gordon’s Organizations: Sonic Locations: Los Angeles, South America
Israeli President Isaac Herzog this week said Palestinians should have overthrown Hamas. AdvertisementAdvertisementNo one will "make any kind of revolution against Hamas under the Israeli missile," Aman told Insider in an interview. "They are creating more Hamas, more Hamas, more Hamas," he said — an entire new "generation" of people radicalized by Israeli bombardment and the propaganda of armed extremists claiming to defend them. "Most of the people in Gaza do not support Hamas," Aman said, characterizing the 2006 election as a protest vote against corruption and the failure of the peace process. "I believe that what is happening now, it will not destroy Hamas," Aman said.
Persons: Isaac Herzog, Rami Aman, that's, , Aman, — Aman, Benjamin Netanyahu, Fatah, Israel — Organizations: Service, Committee, Associated Press, West Bank, Washington Institute, Palestinian Authority, Hamas, Israel Defense Forces Locations: Gaza, Cairo, Gaza City, Israel, Palestine, Palestinian, Qatar, America, United States, Russia
Insider Today: Apple's new iPhone is here
  + stars: | 2023-09-13 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
This post originally appeared in the Insider Today newsletter. But the show's real stars were the new versions of Apple's iPhone and Apple Watch. But if you were hoping a new iPhone will send Apple's stock soaring, think again. Prior to Tuesday's event, Apple's shares fell an average of 0.2% on days a new iPhone was announced, according to Barron's. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Bond, Elon Musk's, Justin Sullivan, Octavia Spencer, Tim Cook, Max, Insider's Sarah Jackson, Jordan Hart, Lakshmi, iPhones, Gary Coronado, Jamie Dimon, — Warren Buffett —, Bill Gross, DoubleLine's Jeffrey Gundlach, Pimco, DoubleLine's, Gross, Anna Moneymaker, Thomas Trutschel, isn't, Sundar Pichai, Elon, Walter Isaacson, Read, Kent Walker, Chelsea Jia Feng, Patreon, Naomi Osaka, Shaquille O'Neal, Allegra, Dayquil, Jennifer Aniston, Reese Witherspoon, Yelp, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Jets, Apple, Apple Watch, Getty, Bloomberg, JPMorgan, Wall, Google, Software, Amazon, FDA, North American, Detroit Auto, GMC, Bourbon Locations: Wall, Silicon, Milwaukee, Lakshmi Varanasi, ., China, that's, Latvia, Estonia, Chelsea, Colorado, Arizona, Morocco, New York City, San Diego, London, New York
Let’s go to work.”Tuberville’s blockade is unique because it affects hundreds of military nominations and promotions. But, while unusual, Tuberville's office notes that lawmakers from both parties have threatened holds on military promotions over the years. But if Republican leaders are pressuring Tuberville to end his holds, they are not doing so publicly. Some Republicans have suggested that Senate Majority Leader Chuck Schumer, D-N.Y., could hold votes on some of the most critical nominations. “I'd like to vote to rescind the policy, but I'm not going to hold the military up in perpetuity,” Graham said.
Persons: Alabama Sen, Tommy Tuberville, “ We're, , servicemembers, Navy Carlos Del Toro, Tuberville, ” “, , ” Tuberville, Lloyd Austin, Let’s, It’s, What's, Austin, Court’s Dobbs, “ I'm, Sen, John Thune, Chuck Schumer, Schumer, ” Schumer, Lindsey Graham, it's, I'm, ” Graham, Roger Wicker, ” Wicker Organizations: WASHINGTON, Alabama, Pentagon, Navy, Air Force, Army, Washington Post, Marine Corps, CNN, , Democratic, Senate, Defense Department, Senate Armed Services Committee, Republican, Marines, Space Force, Senate Armed Services Locations: Washington, Russia, Tuberville
The phrase "whatever it takes" has become a mantra often repeated at public gatherings of allies assessing the war and the military needs of Ukraine. Most recently, tensions have emerged over Ukraine's military strategy and demands on NATO. And by threatening to boycott the summit, Zelenskyy had played a risky strategy, Shea noted, potentially setting the meeting up for failure. The key thing is to manage that [discrepancy] and prevent it doing lasting damage, and I think the Vilnius summit at least managed to prevent it doing lasting damage." Ukraine's military strategy — and the symbolic value it has put on fighting for every piece of Ukrainian territory — has sometimes collided with its allies' military perspective and pragmatism.
Persons: Volodymyr Zelensky, Gitanas Nauseda, Pedro Sanchez, Recep Tayyip Erdogan, Joe Biden, Giorgia Meloni, Jens Stoltenberg, , Volodymyr Zelenskyy, Ben Wallace, Ludovic Marin, didn't, Zelenskyy, Washington, Biden, Jamie Shea, Shea, Beata Zawrzel, wasn't, they're Organizations: Spain's, Joe Biden Italy's, NATO, NATO Summit, Getty, Ukraine's, Kyiv, Britain's, AFP, Washington Post, CNBC, White, Ukraine, Emerging, LITEXPO Lithuanian, Center, Nurphoto, Bakhmut, Libkos Locations: Ukraine, Vilnius, Lithuania, Kyiv, Russia, U.S, Washington, London, United States, Soviet, Donetsk
MELBOURNE, Aug 1 (Reuters) - France coach Herve Renard apologised on Tuesday for his furious outburst at Brazil staff at the end of his team's tight win at the Women's World Cup. With Brazil seeking a late equaliser at Brisbane's Lang Park on Saturday, a frustrated Renard took umbrage in the technical area as injury time dragged on due to frequent stoppages. Pointing at his watch and yelling at the Brazil camp, Renard was restrained by one of his staff and angrily brushed away a match official who intervened. The win over Brazil put France top of the group but level with second-placed Jamaica on four points. Renard said he would make changes to his starting 11 to freshen up the squad, and suggested captain Wendie Renard, who scored the winner against Brazil, might get some time off.
Persons: Herve Renard, Renard, umbrage, I'm, Wendie Renard, Ian Ransom, Robert Birsel Organizations: MELBOURNE, Brazil, Panama, French national, Thomson Locations: France, Brazil, Brisbane's, Sydney, Jamaica, Melbourne
'You can't possibly get everything done working three days a week in the office and two days remotely,' she told Footwear News in a recent interview. A remote work vs return-to-office war has been brewing for years between employees and employers. "You can't possibly get everything done working three days a week in the office and two days remotely," she told the publication. "I continued to work five days a week" during the COVID-19 pandemic, she told the media outlet. Getting employees back to the office wasn't the only business advice Stewart shared with Footwear News.
Persons: Martha Stewart, , Stewart, That's, Stewart —, Abbie Shipp, Insider's Rebecca Knight, Goldman Sachs, decaf Organizations: Service, Footwear, Wall Street, Neeley School of Business, Texas Christian University, Apple, Disney, JPMorgan Locations: France, Bedford , New York
The ad solidified Peloton's nascent identity as a high-end bike company reserved for a certain type of person at a certain income level. "This company historically has been thought of as an in-home bike company for fitness enthusiasts but over the years, it has evolved into something that is much more bigger, much broader than that." The relaunch includes a "Gym" function that allows users to take Peloton's app into the gym with them and create custom workouts. 2 among those who have Peloton hardware. It shows how eager users are to consume Peloton content that has nothing to do with its equipment.
Utah's new flag design is ruffling feathers, and people are already trying to replace it. Spencer Cox said that he should "have known better" that the new flag would be unpopular. Brandon Beckham, a member of Utah's Republican party central committee, told the Journal that the new design is "just a logo." "The original Utah flag has built in its ideals that are true to the founding of the state that are linked to history," Beckham told the Journal. Ryan Woods, a conservative drag performer known as Lady MAGA USA, said the change flies in the face of history.
A group of fifteen Democratic senators sent a letter in March asking to withhold $10 million in Supreme Court funding. The senators said the $10 million should be withheld until a public code of ethics is instituted for the court. "Congress has broad authority to compel the Supreme Court to institute these reforms, which would join other requirements already legislatively mandated. At a Supreme Court ethics hearing on Tuesday, Republican Sen. Josh Hawley appeared to take umbrage at the Democratic senators' request, asserting the $10 million that would be cut from the Supreme Court's budget would directly impact their security. She added that cutting funding for the Supreme Court's security simply wasn't on the table.
Statements in DeSantis' bestselling memoir may hold the proof Disney needs to win its case. Ron DeSantis may have inadvertently handed Disney key evidence it needs to beat him in their escalating legal and political battle. In addition to supporting legislation against Disney, DeSantis has also frequently and fervently railed against the "woke" company. Ron DeSantis is again going after Walt Disney World, after the company launched a stealth power play. Executive Office of the Governor, State of FloridaAs promotion for his memoir, DeSantis also penned a February Wall Street Journal editorial entitled "Why I Stood up to Disney."
March 28 (Reuters) - The recent failures of mid-size U.S. lenders show the need for more robust risk management at banks and fintechs, along with improved regulation, the head of the top consumer financial watchdog agency said on Tuesday. Consumer Financial Protection Bureau Director Rohit Chopra told a gathering of retail bankers in Las Vegas that regulators were looking at liquidity, interest-rate risk management, capital frameworks, resolution planning and stress testing. "It will be good for the industry to have some honest conversations with itself about what is the way for the regulatory framework to not create this type of risk," Chopra said. As head of the CFPB, Chopra also sits on the board of the Federal Deposit Insurance Corporation, which took over failed Silicon Valley Bank earlier this month. He also serves on the Financial Stability Oversight Council, created in the wake of the 2008 crash.
After a wry grin, Sakkari grew serious and walked toward the chair umpire holding up a finger, saying: "If she screams one more time in my face ... No, no, no, no. One more time and I'm going to speak to the referee." Taking charge of the situation appeared to work for Sakkari, who duly broke the 18-year-old Russian to take the set, then locked down the match to reach the third round. "During a match you can be very pumped or, you know, the way that some players celebrate their points, it's not appropriate," Sakkari later told reporters. Reporting by Ian Ransom in Melbourne; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.
Pete Buttigieg called out Fox News host Brett Baier for applying a double standard to his marriage. "That's quite a spin to put on it," said Buttigieg, who led a presidential delegation in April to the Invictus Games, a sporting competition for wounded veterans. When Baier asked whether Chasten's trip was reimbursed, Buttigieg responded, "Of course not!" The diplomatic protocol on a presidential delegation, he said, has long been that the principal is accompanied by their spouse. Buttigieg, a veteran who served as a Navy intelligence officer in Afghanistan, said leading the presidential delegation was "one of the great honors of my time in this job."
WASHINGTON — Rep. Ralph Norman, R-S.C., doesn't care that former President Donald Trump backs Kevin McCarthy for speaker of the House. "Endorsements don't matter to me," said Norman, one of 20 Republican holdouts who have blocked McCarthy, R-Calif., from winning the majority he needs on a series of deadlocked votes for House speaker. Rep. Lauren Boebert, R-Colo., another anti-McCarthy voter, took umbrage at Trump calling recalcitrants on behalf of the beleaguered House GOP leader. "I think it actually needs to be reversed; the president needs to tell Kevin McCarthy that, sir, you do not have the votes, and it’s time to withdraw." "But I don't think when you have eyes on an institution for years and you've made up your mind, I don't think President Trump or anyone else is going" to change it.
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