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☆ A GOP congresswoman says TikTok CEO's testimony made it clear to her that the app is 'an immediate threat' from China and that she supports a ban
▼ + stars: | 2023-03-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

GOP Rep. Cathy McMorris Rodgers called TikTok "an immediate threat" and wants it banned in the US. McMorris Rodgers said she's deeply concerned about the user data of millions of US TikTok users. "I would say there's an immediate threat via TikTok from the Chinese Communist Party. "What the hearing made clear to me was that TikTok should be banned in the United States of America to address the immediate threat and we also need a national data privacy law," she added. McMorris Rodgers pointed to Tiktok and parent company ByteDance as having ties to the Chinese government, which she said is a major risk to Americans.

[1/2] A tug boat pushes an oil barge through New York Harbor past the Statue of Liberty in New York City, U.S., May 24, 2022. Weighing on prices, U.S. crude oil stockpiles rose unexpectedly last week to their highest in nearly two years, latest data from the Energy Information Administration (EIA) showed. Crude inventories (USOILC=ECI) rose in the week to March 17 by 1.1 million barrels to 481.2 million barrels, the highest since May 2021. Also supportive, Goldman Sachs said on Thursday that demand from China, the world's biggest oil importer, continued to surge across the commodity complex, with oil demand topping 16 million barrels per day. The bank forecast Brent to reach $97 a barrel in the second quarter of 2024.

☆ Oil dips after Fed comments, U.S. crude stock build
▼ + stars: | 2023-03-23 | by ( Jeslyn Lerh | ) www.reuters.com time to read: +3 min

"Economic risks were being flagged out in the Fed meeting, while higher-than-expected U.S. crude oil stockpiles also dampened some optimism around demand outlook," said Yeap Jun Rong, market strategist at IG. However, the weakness in the dollar has been a bright spot in promoting some resilience in oil prices, Yeap said, adding that there was still some upside room left in oil prices. Goldman Sachs said on Thursday that Chinese demand continued to surge across the commodity complex, with oil demand topping 16 million barrels per day. Crude inventories (USOILC=ECI) rose in the week to March 17 by 1.1 million barrels to 481.2 million barrels, the highest since May 2021. Gross U.S. exports of crude oil and oil products hit a new high just shy of 12 million barrels per day, way above any other country's supply levels, the analysts added, citing EIA data.

"Economic risks were being flagged out in the Fed meeting, while higher-than-expected U.S. crude oil stockpiles also dampened some optimism around demand outlook," said Yeap Jun Rong, market strategist at IG. However, the weakness in the dollar has been a bright spot in aiding to drive some resilience in oil prices, with some room left for upside in oil prices amid dip-buying seen at the start of this week, Yeap added. Meanwhile, U.S. crude oil stockpiles rose unexpectedly last week to their highest in nearly two years, latest data from the Energy Information Administration (EIA) showed. Crude inventories (USOILC=ECI) rose by 1.1 million barrels in the week to March 17 to 481.2 million barrels, the highest since May 2021. Gross exports of crude oil and oil products hit a new high just shy of 12 million barrels per day, way above any other country's supply levels, the analysts added, citing EIA data.

☆ Trump is 'going about business as usual' and enjoying higher polling on the day he claimed he'd be arrested, his lawyer says
▼ + stars: | 2023-03-21 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Donald Trump said he would be arrested on Tuesday. Trump is "going about business as usual" and enjoying rising poll numbers, his lawyer said. A Secret Service officer stands in front of former President Donald Trump's Mar-a-Lago estate, Tuesday, March 21, 2023, in Palm Beach, Florida. Alina Habba, an attorney for Donald Trump, arrives at Trump Tower in New York, Tuesday, March 21, 2023. AP Photo/Bryan WoolstonOn Truth Social, Trump spent Monday and Tuesday bragging about his poll numbers and criticizing Bragg.

A Manhattan grand jury weighing evidence for a possible Donald Trump "hush-money" indictment. Here's a timeline of Trump and Daniels' alleged relationship, the $130,000 payment to keep Daniels silent, and the testimonies leading to a possible indictment. Markus Schreiber/APManhattan District Attorney Alvin Bragg convened a grand jury in mid-January of this year to consider an indictment against Trump. And Trump's former fixer and lawyer Michael Cohen, prosecutors' key witness, has made repeated visits to the DA's office and to the grand jury. What could happen nextThe final witnesses were scheduled to testify before the grand jury on March 20, though it is unclear when the panel may vote.

☆ Manhattan D.A. says his office will not tolerate threats to the rule of law after Trump calls on supporters to protest
▼ + stars: | 2023-03-19 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Manhattan District Attorney Alvin Bragg sent an email to his staff Saturday assuring them that their safety is "top priority" after former President Donald Trump called on his supporters to protest over his supposedly imminent indictment. "We do not tolerate attempts to intimidate our office or threaten the rule of law in New York," Bragg said in the memo, which was obtained by NBC News from a senior official at the Manhattan DA's office. In a social media post on Saturday, Trump said that he expects to be arrested Tuesday, citing leaks from the "corrupt" DA's office. Law enforcement agencies across New York have been making security arrangements in the case that the former president is criminally charged. Bragg said his office will continue to coordinate with officials at the New York Police Department and the Office of Court Administration.

☆ New Hampshire GOP Gov. Chris Sununu, a potential 2024 presidential contender, says some Republicans have 'lost their moral compass' on foreign policy
▼ + stars: | 2023-03-19 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sununu in a Washington Post op-ed criticized some in the GOP over their foreign policy stances. Opposing Ukraine aid "because President Biden supports it is not a viable foreign policy," he wrote. "Simply opposing aid to Ukraine because President Biden supports it is not a viable foreign policy," he continued to say. Sununu proceeded to take another swipe at Trump in seeking to shift the party's foreign policy in a more Reaganesque direction. "Some in the Republican Party have lost their moral compass on foreign policy, as evidenced by former president Donald Trump, who once called Putin's invasion 'genius' and 'savvy,'" the governor wrote.

☆ Trump says he’ll be arrested Tuesday as DA eyes charges
▼ + stars: | 2023-03-18 | by ( ) www.cnbc.com time to read: +1 min

Former U.S. President Donald Trump delivers remarks on education as he holds a campaign rally with supporters, in Davenport, Iowa, U.S. March 13, 2023. Donald Trump said in a social media post that he will be arrested Tuesday as a New York prosecutor is eyeing charges in a case examining hush money paid to women who alleged sexual encounters with the former president. Trump urged his followers to protest. Law enforcement officials in New York have been making security preparations for the possibility that Trump could be indicted. There has been no public announcement of any time frame for the grand jury's secret work in the case, including any potential vote on whether to indict the ex-president.

☆ Trump says he will be arrested Tuesday, calls on supporters to protest
▼ + stars: | 2023-03-18 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Former U.S. President Donald Trump delivers remarks on education as he holds a campaign rally with supporters, in Davenport, Iowa, U.S. March 13, 2023. Trump cited leaks from the "corrupt" Manhattan district attorney's office and urged his supporters to protest on his behalf. "THE FAR & AWAY LEADING REPUBLICAN CANDIDATE & FORMER PRESIDENT OF THE UNITED STATES OF AMERICA, WILL BE ARRESTED ON TUESDAY OF NEXT WEEK," Trump wrote on his social media site Truth Social early Saturday morning. Law enforcement agencies across New York have been making security arrangements in the case that the former president is criminally charged. If he is indicted, Trump, a 2024 Republican presidential candidate, would become the first former president ever to face criminal charges.

Trump did not say he had been formally notified of forthcoming charges and provided no evidence of leaks from the district attorney's office. A Trump spokesperson said in a statement to reporters that, “There has been no notification," beyond leaks to the media. Bragg's office earlier this month invited Trump to testify before the grand jury probing the payment, which legal experts said was a sign that an indictment was close. Cohen, who served time in prison after pleading guilty, testified before the grand jury this week. Grand jury proceedings are not public.

☆ Fact Check-Dinosaurs existed and were documented before the term ‘dinosauria’ was coined in the early 1840s
▼ + stars: | 2023-03-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

Dinosaurs existed long before the word ‘dinosauria’ was coined by paleontologist Sir Richard Owen in the 19th century, paleontology experts and a spokesperson for Britain’s Royal Society told Reuters, rejecting a claim to the contrary spreading online. They were invented by the Royal Society in 1841,” the individual says, referring to the academic organisation which is Britain’s national academy of sciences. However, three experts and a spokesperson for the Royal Society told Reuters separately that these claims are false. They say Sir Richard Owen first used the term ‘Dinosauria’ in the early 1840s but that dinosaurs and their fossils existed and were documented long before. Dinosaurs existed and were documented long before they were given a universal name in 1841, paleontologists and Britain’s Royal Society say.

Companies United States of America FollowMarch 10 (Reuters) - Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the U.S. Federal Reserve, concerns that have triggered a rout in energy prices over the last three days. U.S. Federal Reserve Chair Jerome Powell has warned of higher and potentially faster rate hikes, saying the Fed was wrong in initially thinking inflation was "transitory" and was surprised by the strength of the labour market. Expectations of ongoing rate hikes in the world's largest oil producing country and similar remarks over the weekend by the European Central Bank President have cast a shadow over global growth, setting oil up for a weekly fall after two straight weeks of gains. The prospect of Friday's jobs report triggering faster rate hikes is already initiating steep declines in other financial markets, and analysts expect oil prices could also be under pressure. Analysts expect the U.S. economy to have added 205,000 jobs last month, and see unemployment rate holding firm.

☆ Pro-Ukraine group sabotaged pipelines, intelligence suggests, NYT reports
▼ + stars: | 2023-03-08 | by ( Olena Harmash | ) www.reuters.com time to read: +5 min

On the battlefield, Ukraine's forces continued to fight for the eastern city of Bakhmut on Tuesday despite Russian troops and mercenaries nearly encircling them. "Without a doubt, Ukraine is absolutely not involved in the excesses on the pipelines," presidential aide Mykhailo Podolyak said in a statement. Several towns and villages near Bakhmut in the Donetsk region came under Russian shellfire, including Dubovo-Vasylivka, Ivanivske, Dyliivka and Bohdanivka, the statement said. Other provinces of Ukraine were attacked by Russian troops on Tuesday, the Ukrainian military said, including in central Zaporizhzhia region. That narrative is rejected by Kyiv and the West, which say Ukraine is fighting for survival against a Russian imperial land grab.

☆ Responding to Chinese 'joke', Russia says US is 'invisible hand' in Ukraine
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +3 min

Summary This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, March 7 (Reuters) - Russia said on Tuesday that the United States was driving the war in Ukraine, saying China's foreign minister was joking when he said an "invisible hand" was to blame. You know what the joke is: this is not an invisible hand, this is the hand of the United States of America, this is the hand of Washington," Kremlin spokesman Dmitry Peskov told reporters. Moscow has repeatedly declared that the United States and its allies are using Ukraine to wage war against it. China has refused to name Russia as the aggressor, while often criticising the United States for bullying other countries with sanctions.

☆ I quit my job as a math teacher to become a long-haul truck driver. The job is challenging and I miss my students, but I don't see myself going back anytime soon.
▼ + stars: | 2023-03-04 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +5 min

So, right before I turned 50 years old, I said "that's it, I'm going to take the leap." It's taken a turn and it's taken a turn for the worst for us owner-operators. I'm going to give it a try and see what happens and go from there. That gives me a fix because I love the youth, I love my students, I love that community. I'm not going to say that I don't miss it at times, but I don't see myself going back anytime in the near future.

☆ United States get World Cup momentum with SheBelieves Cup win
▼ + stars: | 2023-02-23 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

[1/4] Feb 22, 2023; Frisco, Texas, USA; Brazil forward Geyse (18) dribbles as United States of America defender Emily Sonnett (14) defends during the second half at Toyota Stadium. Mandatory Credit: Chris Jones-USA TODAY SportsFeb 22 (Reuters) - The United States got a boost of confidence as they beat Brazil 2-1 to clinch their fourth consecutive SheBelieves Cup title on Wednesday in Frisco, Texas, less than 150 days before the World Cup. "The whole time throughout the tournament, while we're in camp, we're talking about (how) it's not just about this tournament it's about preparation for the World Cup," head coach Vlatko Andonovski told reporters. But 24-year-old forward Swanson has all but assured she'll be part of the equation when they kick off the World Cup group stage in New Zealand against Vietnam. With only two more matches expected before the U.S. World Cup roster is announced, there is scarce time left for players to distinguish themselves.

☆ Mitt Romney says Marjorie Taylor Greene's pitch for a 'national divorce' is insane
▼ + stars: | 2023-02-23 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Mitt Romney thinks Marjorie Taylor Greene's idea to break up the US is unhinged. "Mitt Romney is so bad I couldn't even vote for him for president against Barack Obama," Greene told the outlet. Greene's idea for a national divorce has also received pushback from other members of her party. Spencer Cox called the Georgia congresswoman's call to break up the United States "evil" and "destructive." Representatives for Romney and Greene did not immediately respond to Insider's requests for comment.

☆ ChatGPT's 5-part strategy for balancing your portfolio
▼ + stars: | 2023-02-20 | by ( Dave Smith | ) www.businessinsider.com time to read: +2 min

I'm a deputy editor at Insider who helps oversee our newsletters, but I've worn plenty of hats around here. Phil and the rest of the newsletter squad are off today, but here are six (not 10 today, sorry!) A stock trader built his strategy into real software. ChatGPT's 5-part strategy for balancing a portfolio. OpenAI's buzzy chatbot is everywhere these days, so why not put it in charge of your investing strategy?

"I don't want to be having this same conversation about access to capital in 20 years," Johnson said. "I don't want my children, when they get ready to start a business, to be trying to figure out access to capital." Jill Johnson CEO of the Institute for Entrepreneurial LeadershipIn 2020, Johnson designed a program called the "Making of Black Angels" to educate prospective angel investors and connect them with Black business owners to help startups obtain critical funding. "Yet, we have certain groups that have been historically excluded from this access — and we need to change that. Becoming an angel investorTo make early-stage investments as an angel investor, you must be an "accredited investor," as outlined by the U.S. Securities and Exchange Commission.

☆ Credit Suisse warns that debt ceiling impasse will likely prove 'stressful' for markets
▼ + stars: | 2023-02-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The debt ceiling battle shaping up in Congress is unlikely to get settled until later in the year and will probably cause market damage in the meantime, according to Credit Suisse. "We expect Congress to ultimately raise the debt ceiling. "Conditions are in place to make the journey to a debt ceiling increase difficult and increasingly stressful for markets." "A default due to failure to raise the debt ceiling would be a willful political decision," Farris wrote. Treasury yields have moved higher since spending hit the debt ceiling.

No one thought LeBron James would overtake Kareem Abdul-Jabbar to become the N.B.A.’s career scoring leader when he came to the league as an 18-year-old. The line for LeBron James is just past the 38,387 points scored by Kareem Abdul-Jabbar. Table showing the scoring totals for Kareem Abdul-Jabbar and Lebron James, broken down by type of shot. Career points by age for top 250 scorers Line chart showing career points for the top 250 scorers in N.B.A. The line for LeBron James is just past the 38,387 points scored by Kareem Abdul-Jabbar.

Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023.

☆ FAA proposes more than $1 million fine on United Airlines over preflight safety checks
▼ + stars: | 2023-02-06 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

United Airlines Boeing wide body 777-200 aircraft as seen during take off and flying phase, passing in front of the air traffic control tower while the plane is departing from Amsterdam Schiphol Airport AMS towards Houston IAH in the United States of America as flight UA21. The Federal Aviation Administration said Monday that it is proposing a more than $1.1 million penalty against United Airlines for allegedly failing to perform required fire-system safety checks on its Boeing 777s. United didn't immediately comment. Removal of the check resulted in United's failure to perform the required check and the operation of aircraft that did not meet airworthiness requirement," the FAA said in a statement. United had 96 Boeing 777s as of the end of 2021, making up about 11% of its total fleet, according to a securities filing.

Companies United States of America FollowFeb 2 (Reuters) - Oil prices rose in early Asian trade on Thursday after the U.S. Federal Reserve raised interest rates by 25 basis points, sending the dollar lower. The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet continued to promise "ongoing increases" in borrowing costs as part of its ongoing battle against inflation. A weaker greenback makes U.S. dollar-priced oil less expensive for holders of other currencies, boosting demand. Prices are also rising in the backdrop of a Feb 5. ban on Russian refined products by the European Union. EU countries will seek a deal on Friday on a European Commission proposal to set price caps on Russian oil products, after postponing a decision on Wednesday amid divisions between member states, diplomats said.

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