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[1/2] The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. The involvement of the previously unnamed financial backers of Trump Media & Technology Group (TMTG) – parent company of social media app Truth Social – shows how Trump tapped his political supporters to launch an outlet aimed at political conservatives and libertarians after he was banned from Twitter and Facebook following the Jan. 6, 2021 attack on Congress. TMTG launched Truth Social in February in the Apple App Store and in Google’s Play Store in October. Truth Social has been downloaded 2.9 million times across both platforms, according to market tracker Appfigures. Trump had 4.37 million followers on Truth Social as of Oct. 27, compared to the more than 88 million followers he had on Twitter when the platform permanently suspended him.

[1/2] The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/IllustrationOct 28 (Reuters) - Ever since former U.S. President Donald Trump launched a new media company aimed at rivaling Twitter, there has been a mystery over who provided the money. TMTG launched Truth Social in February in the Apple App Store and in Google’s Play Store in October. Truth Social has been downloaded 2.9 million times across both platforms, according to market tracker Appfigures. Trump had 4.37 million followers on Truth Social as of Oct. 27, compared to the more than 88 million followers he had on Twitter when the platform permanently suspended him.

☆ VIEW Bank of Canada surprises with smaller-than-expected interest rate increase
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +5 min

The central bank, in a regular decision, increased its policy rate to 3.75% from 3.25% and has now lifted rates by 350-bp since March. JIMMY JEAN, CHIEF ECONOMIST, DESJARDINS GROUP"It's surprising to see the Bank of Canada going against market and consensus expectations on the dovish side. But I think it says that they're now moving to that place where they're going to acknowledge the impact that they're already seeing. I think it was a close call between 50 and 75 (bps rate hike). Clearly, the Bank of Canada believes it's getting close to the so called terminal rate and I think they wanted to leave a few more options open."

☆ Microsoft's drop on a weaker guide doesn't reflect the long-term potential of the stock
▼ + stars: | 2022-10-25 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Despite strong headline results, shares fell roughly 6.5% in extended trading on lighter Azure cloud growth and weaker forward guidance. Note: Constant currency growth rates, which is what we will cite in this report, help strip out fluctuations in foreign currency, namely a strong U.S. dollar, to provide a clearer financial picture. Xbox Content and Services revenue ticked up 1% in constant currency, while Xbox hardware sales jumped 19% in constant currency. Management expects Azure revenue growth to be lower sequentially by roughly five percentage points on a constant currency basis. Despite coming up a bit short versus estimates, Microsoft is still generating a ton of cash.

Wall Street banks committed to helping Elon Musk finance his $44 billion takeover of Twitter stand to $500 million in the process, by some estimates. One of Musk's banks has even told its staff to expect a borrowing notice from Musk by today, Bloomberg reported. But don't feel sorry for the banks just yet — a group that comprises Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. The group consists of Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. Birchall's eldest son Benjamin even interned at Morgan Stanley for his ex-colleagues Frank Malone and Jon Neuhaus in the summer of 2021.

☆ Jan. 6 Capitol riot committee won't let Trump turn testimony into a 'circus,' Cheney says
▼ + stars: | 2022-10-23 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Representative Liz Cheney, a Republican from Wyoming, during a hearing of the Select Committee to Investigate the January 6th Attack on the US Capitol in Washington, D.C., US, on Thursday, July 21, 2022. The House select committee investigating the Jan. 6 riot at the U.S. Capitol subpoenaed former President Donald Trump Friday, and Vice Chairwoman Liz Cheney, R-Wyo., said Trump will not be able to turn his testimony into a "circus." "The committee treats this matter with great seriousness," she told NBC's "Meet the Press" on Sunday. The committee voted unanimously on the subpoena and is demanding relevant records and Trump's testimony under oath next month. Cheney said the committee has made it clear what Trump's obligations are, and that it plans to proceed accordingly.

Fischer is also the author of Kentucky’s 2019 “trigger” law, which went into effect when the U.S. Supreme Court overturned Roe v. Wade in June and makes most abortions illegal in the state. This year, with 84 seats up for election in state supreme court races nationwide – the highest number in recent years, according to election tracking organization Ballotpedia – these down-ballot races are taking on a heightened significance and scrutiny. Four out of seven of Kentucky’s state Supreme Court seats are up on Nov. 8, with three of those races contested. But if the amendment loses, a legal challenge from the American Civil Liberties Union and Planned Parenthood attempting to overturn the ban would move forward before the state Supreme Court. A ‘new frontier’In Montana, Republicans have accused the seven-member state Supreme Court of holding a “liberal bias,” particularly while Democratic governors filled court vacancies in recent years.

☆ Oil prices settle up; China demand hopes outweigh recession worry
▼ + stars: | 2022-10-21 | by ( Laila Kearney | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com RegisterBrent crude settled at $93.50 a barrel, up $1.12, or 1.2%. U.S. West Texas Intermediate crude (WTI) settled at$85.05 a barrel, up 54 cents, 0.6%. Swings in the U.S. dollar, which typically moves inversely with oil prices, added to choppy trade. China, the world's largest crude importer, has stuck to strict COVID-19 curbs this year, weighing heavily on business and economic activity and reducing demand for fuel. U.S. oil rigs rose two to 612 this week, their highest since March 2020, while gas rigs were unchanged at 157.

☆ NHL roundup: Blues claw past Kraken in OT
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

Oct 19, 2022; Seattle, Washington, USA; St. Louis Blues defenseman Justin Faulk (72) celebrates his goal with forward Robert Thomas (18) and forward Vladimir Tarasenko (91) during overtime against Seattle Kraken at Climate Pledge Arena. Mandatory Credit: Stephen Brashear-USA TODAY SportsOctober 20 - Justin Faulk scored twice, including the winner 2:10 into overtime, as the St. Louis Blues defeated the host Seattle Kraken 4-3 on Wednesday night. Brayden Schenn tallied a goal and assist, Jordan Kyrou also scored and Vladimir Tarasenko had three assists for the Blues, who improved to 2-0-0. Will Borgen, Ryan Donato and Adam Larsson scored for Seattle, which went 0-2-1 on its first homestand of the season. 4 overall pick in this year's draft, got his first NHL point with an assist.

☆ Workers at Apple stores in Australia went on strike for an hour and are refusing to repair AirPods or handle deliveries in a dispute over pay and conditions
▼ + stars: | 2022-10-19 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Dozens of Apple workers in Australia went on strike on Tuesday in a dispute over pay and conditions. The workers are now refusing to repair AirPods, fix screens, or handle deliveries. "Apple workers represented by RAFFWU have stepped up where no other retail workers in Australian history have gone. Apple workers were not permitted to speak to media but made comments that could be heard by reporters, per The Herald. In June, an Apple store in Towson, Maryland became the first to officially unionize.

CNN —A former executive at Donald Trump’s media company claims the former President retaliated against a board member who refused to give Melania Trump shares of the company, according to a report from The Washington Post. Wilkerson told the Post that Litinsky believes his ouster was retribution for his failure to cede his shares to Melania Trump. Wilkerson told the Post that Trump refused to put any of his own money into the company despite demanding to own 90% of its shares. A liquidation would have also threatened the additional $1 billion the Trump media company has raised. Digital World shares fell 8% on Monday to $16.11, leaving them down nearly 70% so far this year.

☆ Donald Trump subpoena by Jan. 6 committee doesn't mean he'll testify
▼ + stars: | 2022-10-14 | by ( Richard A. Serafini | Is A Criminal Defense Attorney | Former Senior Trial Attorney For The Justice Department S Criminal Division. | ) www.nbcnews.com time to read: +7 min

Near the conclusion of Thursday’s U.S. House hearing into the events of Jan. 6, 2021, the committee voted unanimously to subpoena former President Donald Trump. In a letter Friday morning to the committee, Trump didn’t say whether he planned to comply in this case. The Jan. 6 committee is a select committee, not a standing committee or subcommittee of the House. When it comes to the Jan. 6 committee specifically, Trump has pushed former aides from his inner circle to take his approach. Even when the Justice Department does act, that doesn’t always guarantee the result.

☆ Biggar: The headline results for bank earnings today likely won't be positive
▼ + stars: | 2022-10-14 | 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 EmailBiggar: The headline results for bank earnings today likely won't be positiveStephen Biggar, Director of Financial Institutions Research at Argus Research, joins Worldwide Exchange to discuss the expected bank earnings from JPMorgan, Citi, Morgan Stanley, and Wells Fargo.

☆ Morgan Stanley says 30% sell-off in ‘clean tech’ is overdone, predicts one stock could triple
▼ + stars: | 2022-10-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The recent sell-off in clean tech is a good buying opportunity, according to Morgan Stanley. Clean tech stocks bounced after the IRA, but then reversed as part of broader risk-off sentiment, renewed interest rate sensitivity and a rotation from high-growth and unprofitable tech stocks, analyst Stephen Byrd wrote in a note Friday. "The recent move in clean tech stocks is overblown and doesn't reflect fundamental changes in the outlook for clean energy," Byrd said. "We expect the IRA will drive significant demand for clean energy technologies and accelerate clean hydrogen growth in the US — this view has not changed over the last two months despite the clean tech selloff." Solar energy company Sunrun is a "significant" IRA winner, but has given up most of the gains it made on the legislation, Byrd pointed out.

☆ Justice Ketanji Brown Jackson's potential impact on corporate America "cannot be overstated"
▼ + stars: | 2022-10-12 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +7 min

Ketanji Brown Jackson was sworn into the Supreme Court in June and is now hearing cases. But political and social tides could be changing: Ketanji Brown Jackson was sworn in as the first Black female Supreme Court justice in June, following Justice Stephen Breyer's retirement. While Biden makes moves in the political sphere, corporate America, too, is trudging forward. Jackson's work in the Supreme Court could inspire leaders in different sectors to further advance diversity, equity, and inclusion, sources said. Tina Opie, a Fortune 500 strategist and an associate professor of management at Babson College, is hopeful about the future of corporate America.

☆ See the first-ever Supreme Court photo with 4 female justices as Ketanji Brown Jackson joined the bench
▼ + stars: | 2022-10-07 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +2 min

The Supreme Court posed for a group photo with its newest justice, Ketanji Brown Jackson. Bottom row, from left, Associate Justice Sonia Sotomayor, Associate Justice Clarence Thomas, and Chief Justice of the United States John Roberts. Top row, from left, Associate Justice Amy Coney Barrett, Associate Justice Neil Gorsuch, and Associate Justice Brett Kavanaugh. Associate Justice Ketanji Brown Jackson stands between Associate Justice Samuel Alito, left, and Associate Justice Elena Kagan, right. Scott ApplewhiteThe group photo came as the Supreme Court kicked off its new term, which is shaping up to a be a consequential one.

☆ OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure
▼ + stars: | 2022-10-05 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. OPEC and non-OPEC allies, a group often referred to as OPEC+, decided at their first face-to-face gathering in Vienna since 2020 to reduce production by 2 million barrels per day from November. Energy market participants had expected OPEC+, which includes Saudi Arabia and Russia, to impose output cuts of somewhere between 500,000 barrels and 2 million barrels. Oil prices have fallen to roughly $80 a barrel from more than $120 in early June amid growing fears about the prospect of a global economic recession. "In short, OPEC+ is prioritising price above stability at a time of great uncertainty in the oil market."

Oil prices rose around 4% on Monday morning. Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. "A further uptick in trading activity coupled with tightening near-term oil fundamentals could well push oil prices back to $100/bbl," Brennock said in a research note. Storage tanks and oil processing facilities operate beside the Arabian Sea at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. The upcoming OPEC+ meeting in Vienna will result in an oil production cut "of some historic kind", said CIO of Pickering Energy Partners, Dan Pickering.

☆ Supreme Court Justice Ketanji Brown Jackson says people approach her with 'a profound sense of pride' over her appointment to the high court
▼ + stars: | 2022-10-02 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Ketanji Brown Jackson says people approach her with "a profound sense of pride" over her SCOTUS appointment. Jackson, the first Black woman to sit on the court, made the remarks after her investiture ceremony. "People from all walks of life approach me with what I can only describe as a profound sense of pride. The ramifications of the decision has been stark, with many states instituted near-total abortion bans, while some have expanded abortion rights. In joining the court, Jackson has succeeded Stephen Breyer, who sat on the court from 1994 until his formal retirement in June.

☆ Amazon's latest product announcements are a reminder the company is always watching
▼ + stars: | 2022-10-02 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

But the event was also another reminder of just how much Amazon’s many products are watching us. The new Halo Rise sleep tracking device, for example, sits on the nightstand and monitors a person’s breathing and micro-movements as they sleep without the need to wear a sleep tracker. Amazon is far from the only tech company offering products that monitor users or collect data with the promise of improved conveniences, productivity and safety. In the months leading up to the product event, Amazon made two big announcements that could expand its reach into our lives even more. The Halo Rise sleep tracking device, meanwhile, encrypts the collected data and stores it in the cloud, according to the company.

☆ Home cheat home: How real-estate agents are ripping off homebuyers
▼ + stars: | 2022-09-28 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +20 min

The other day, Linda, the real-estate agent whom my wife and I used to buy our home, called me out of the blue. Real-estate agents, like doctors, are the friendly, knowledgeable face of a bewildering, price-gouging system. If Americans paid the same rate as the British, they would save more than $72 billion a year in real-estate commissions. The potential for big money, in turn, has led more and more Americans to become real-estate agents. Every dollar that is paid out in a real-estate transaction — to sellers, agents, inspectors, insurers, and the IRS — comes from you, the buyer.

☆ Retired Supreme Court Justice Stephen Breyer says he did 'everything' he could to stop the overturning of Roe v. Wade
▼ + stars: | 2022-09-23 | by ( Natalie Musumeci | Oma Seddiq | ) www.businessinsider.com time to read: +3 min

Newly-retired SCOTUS Justice Stephen Breyer said he did "everything" he could to stop the overturning of Roe v. Wade. Of course, of course," Breyer told CNN. Of course, I didn't," a stern Breyer told CNN's Chris Wallace, referring to the Supreme Court's June 24 ruling in Dobbs v. Jackson Women's Health Organization, which struck down Roe v. Wade along with a subsequent 1992 abortion ruling, Planned Parenthood v. Casey. Breyer's comments come as the Supreme Court is preparing to begin a new term on October 3. During the CNN interview, Breyer also commented on the unprecedented leak of the draft opinion overturning Roe.

☆ Justices join debate on Supreme Court's legitimacy after abortion ruling
▼ + stars: | 2022-09-18 | by ( Lawrence Hurley | Lawrence Hurley Covers The Supreme Court For Nbc News Digital. | ) www.nbcnews.com time to read: +9 min

Chief Justice John Roberts, one of the court’s six conservatives, pushed back against some of the criticism in a recent public appearance, saying people should not question the court’s legitimacy just because they disagree with its rulings. It is important that the public think the justices are reaching decisions in good faith based on the law, Girgis said. Sotomayor said at an event in California on Thursday that “there’s going to be some question about the court’s legitimacy” if people think the justices are acting based on politics, according to a Courthouse News Service report. But I don’t understand the connection between opinions people disagree with and the legitimacy of the court,” he said. Conversely, in 1954, Southern states resisted enforcing the landmark Brown v. Board of Education ruling, which ended segregation in public schools.

☆ Chief Justice John Roberts defends the legitimacy of the Supreme Court, describes the past year as 'difficult in many respects'
▼ + stars: | 2022-09-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

John Roberts stood in the defense of the Supreme Court's legitimacy during a Friday speech, per CNN. Roberts said the legitimacy of the court shouldn't be questioned due to disagreements on rulings. The high court during its previous term voted to overturn the landmark Roe v. Wade decision. The chief justice said that the past year had been "difficult in many respects," but added that he and his colleagues were aiming to advance past previous challenges. Earlier this year, Ketanji Brown Jackson was nominated and confirmed to the Supreme Court, becoming the high court's first Black female jurist in its 233-year history.

☆ UCLA's law school is offering a class on Elon Musk and all of his lawsuits
▼ + stars: | 2022-09-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

A UCLA law professor is teaching a class called the "Law of Elon Musk." Stephen Bainbridge, a corporate law professor at the University of California Los Angeles, has launched a class called the "Law of Elon Musk." "I thought this would be a way of really grabbing students' attention," Bainbridge told New York Magazine. Experts previously told Insider Musk's legal argument will be difficult to stand up in court. "The only thing that explains this legal battle is that it's Elon Musk and he does things his own way."

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