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☆ GOP lawmakers urge DOJ to probe Chinese IP theft from U.S. small businesses
▼ + stars: | 2023-06-15 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Two top Republican congressmen on Thursday urged the Justice Department to investigate intellectual property theft from American small businesses by Chinese actors. "Ensuring the safety of American small businesses from IP-related crimes is crucial, and we urge the U.S. Department of Justice to utilize all tools and capabilities at its disposal," the lawmakers wrote. Gallagher is chairman of the House Select Committee on the Chinese Communist Party, while Williams chairs the House Committee on Small Business. Evidence of Chinese IP theft from U.S. businesses dates back several years. In 2019, 1 in 5 North American companies on the CNBC Global CFO Council reported IP theft from Chinese companies within the last year.

Persons: Mike Gallagher, Elise Stefanik, Steve Scalise, Wisconsin, Roger Williams of, General Merrick Garland, Gallagher, Williams, China — Organizations: Chinese Communist Party, Republican National Committee, Washington , D.C, WASHINGTON —, Justice Department, U.S . Department of Justice, Small, National Bureau, Asian, Commission, American Intellectual, U.S . Trade Representative, U.S, CNBC Global, CCP, DOJ's, Force, Intellectual, Fox Business, China, GOP Locations: Washington ,, WASHINGTON, Roger Williams of Texas

That implied 'terminal' rate is lower than Fed officials' new year-end median projection of 5.60%. When set against the implied 2023 year-end SOFR rate of 5.20%, traders are pricing in almost 150 bps of rate cuts next year. Analysts at TD Securities reckon the Fed is done raising rates and will begin easing in December this year. This is the first time in more than a year no rate cuts have been priced into the 2023 SOFR futures curve. Just over a month ago, the curve implied around 100 bps of rate cuts in the second half of this year.

Persons: they're, Societe Generale's Stephen Gallagher, Jerome Powell's, Powell, Jamie McGeever, Paul Simao Organizations: Federal, Fed, Traders, Reuters, Securities, Societe, Thomson Locations: ORLANDO, Florida

☆ AMD’s Superchips Face a Trillion-Dollar Hurdle
▼ + stars: | 2023-06-14 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

Since Jones and his company are bankrupt, the trials would not normally be allowed to proceed without bankruptcy court permission. Jones has said that he can not afford to pay the Sandy Hook defamation judgments, and is attempting to resolve all legal claims against him through a settlement in bankruptcy. Leonard Pozner and Veronique De La Rosa, whose six-year-old son Noah was killed in the Sandy Hook shooting, would proceed to trial in October. Without a placeholder value, the Texas defamation claims could be given far less weight than the defamation claims that have already resulted in $1.5 billion in verdicts, according to Jones’ court filings. The case is Alex Jones, U.S. Bankruptcy Court for the Southern District of Texas, No.

Persons: Sandy Hook, Alex Jones, Jones, Christopher Lopez, Lopez, Sandy, Leonard Pozner, Veronique De La Rosa, Noah, De, De La Rosa, Marcel Fontaine, Fontaine, De La, Fontaine's, Jennifer Hardy, Vickie Driver, Crowe, Ray Battaglia, Pozner, Willkie Farr, Gallagher Read, Dietrich Knauth Organizations: U.S, Speech Systems, De La, CNN, Bankruptcy, Southern, Southern District of, Dunlevy, Systems, Thomson Locations: U.S, Houston, Newtown , Connecticut, Texas, Parkland , Florida, Southern District, Southern District of Texas

☆ Bud Light loses its title as America’s top-selling beer
▼ + stars: | 2023-06-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —America’s top-selling beer is no longer American. Modelo Especial, the Mexican lager brewed near Mexico City by Constellation Brands, became the top-selling beer in May, overthrowing Bud Light from the top spot it has held for more than two decades. The fall from the top further highlighted how much trouble the Anheuser-Busch brand is in following transgender influencer Dylan Mulvaney’s Instagram post showing off a customized Bud Light can. Dollar sales were equally grim for Bud Light during that period, with sales falling 24.4%, while Modelo’s grew 12.2%. Modelo Especial overtook Bud Light sales in May.

Persons: New York CNN —, Bud Light, influencer Dylan Mulvaney’s, Bump Williams, ” Williams, Justin Sullivan, Williams, Greg Gallagher, ”, BUD, Bud Organizations: New, New York CNN, New York CNN — America’s, Modelo Especial, Constellation Brands, Anheuser, Busch, Modelo, “, CNN, Modelo Oro, Bud Light, Cinco de Mayo, Mulvaney Locations: New York, Mexico City, Cinco de, Belgium

☆ The Next Big Thing in Men’s Watches Is…Women’s Watches
▼ + stars: | 2023-06-13 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, richard, mille

☆ In Men’s Watches, the Last Frontier: Ladies’ Watches
▼ + stars: | 2023-06-13 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, richard, mille

☆ Nvidia Can Handle Being in the Trillion Dollar Club
▼ + stars: | 2023-06-12 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: nvidia, 1ec9e453

☆ Jubilant Man City overcome Inter to complete the treble
▼ + stars: | 2023-06-10 | by ( Martyn Herman | ) www.reuters.com time to read: +6 min

[1/17] Soccer Football - Champions League Final - Manchester City v Inter Milan - Manchester City fans at Manchester's 4TheFans Fan Park for the Champions League Final - Manchester, Britain - June 10, 2023 Manchester City fans celebrate after winning the Champions League final Action Images via... Read moreSummary City beat Inter 1-0 to win club's first Champions LeagueRodri scores 68th minute winner for Guardiola's sideVictory completes treble with FA Cup and Premier LeagueISTANBUL, June 10 (Reuters) - Manchester City finally expanded their domestic domination across the continent as they beat Inter Milan 1-0 with a second-half Rodri goal to win the Champions League for the first time and complete a rare treble on a nervous Saturday evening. An eruption of joy greeted the final whistle with City's players sprinting towards their fans in the Ataturk Stadium. It belongs to us," said City manager Pep Guardiola. City may have experienced a horrible sense of deja vu as chief playmaker De Bruyne also failed to finish the final two years ago when City fell short against Chelsea. It was City's night, and the celebrations will be long and loud, while for Inter there was no repeat of their surprise 2010 win over Bayern Munich.

Persons: club's, Ederson, Pep Guardiola, Kevin De Bruyne, De Bruyne, Erling Haaland, Rodri, Guardiola, City's, Sheikh Mansour, Noel, Liam Gallagher, jinx, Simone Inzaghi's, Matteo Darmian, Francesco Acerbi, Alessandro Bastoni, Haaland, Andre Onana, Manuel Akanji, Lautaro Martinez, selfishly, Romelu, Bernardo Silva, Federico Dimarco, Edin Dzeko, Lukaku, Martyn Herman, Ken Ferris, Ed Osmond Organizations: Soccer Football, Manchester City, Inter Milan, Champions, League, City, Inter, FA Cup, Premier League ISTANBUL, Premier League, FA, Champions League, Manchester, Chelsea, BT Sport, Oasis, Real Madrid, Bayern Munich, Roma, Sevilla, Europa League, Fiorentina, West Ham United, Europa Conference, Thomson Locations: Manchester, Britain, Spanish, Barcelona, Real, Liverpool, Porto, Brazilian

☆ Continuum Economics sees S&P 500 falling to 4,000 in second half before building back next year
▼ + stars: | 2023-06-09 | 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 EmailContinuum Economics sees S&P 500 falling to 4,000 in second half before building back next yearMike Gallagher, director of research at Continuum Economics, discusses the market outlook over the coming months.

Persons: Mike Gallagher Organizations: Continuum, Continuum Economics

☆ GameStop’s Silence Is No Longer Golden
▼ + stars: | 2023-06-08 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Are We Entering a Rattail Renaissance?
▼ + stars: | 2023-06-06 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Apple’s Augmented Reality Faces Real Questions
▼ + stars: | 2023-06-06 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ House lawmakers urge US to rally allies over China Micron ban
▼ + stars: | 2023-06-02 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The move came a day after leaders of the G7 industrial democracies agreed to new initiatives to push back against Chinese economic coercion. McCaul and Gallagher urged Raimondo to work with Japan and South Korea to ensure that companies from those countries "do not take market share lost to the ban and undercut Micron." The lawmakers added that China "lashed out with an arbitrary economic embargo against one American company. Raimondo on Saturday said the United States will not tolerate China's action and is working closely with allies to address such "economic coercion." Reuters has reported Gallagher previously urged Raimondo to put trade curbs on Changxin Memory after Beijing's actions against Micron.

Persons: Joe Biden's, Michael McCaul, Mike Gallagher, Gina Raimondo, Gallagher, Raimondo, Saturday, McCaul, David Shepardson, Will Dunham Organizations: Micron Technology, Foreign Affairs Committee, Chinese Communist Party, . Commerce, Micron, Commerce Department, Embassy, Technologies, Reuters, Thomson Locations: Japan, South Korea, China, Washington, Beijing, United States, People's Republic of China, U.S

☆ Opinion | Fareed Zakaria on Where Russia’s War in Ukraine Stands — and Much More
▼ + stars: | 2023-06-02 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +96 min

Obviously, the line is not perfect, but I think that’s a very sensible line. And I don’t think that’s all about absorption capability. But I don’t think it’s fair to say that the Russians have done everything they can. fareed zakaria[LAUGHS] And by the way, I think that’s some key to understanding the alliance is a personal one. I think India, Israel, and Poland — usually, in the 70 percent-plus say they like — have a favorable view of America.

Persons: ezra klein, it’s, Fareed Zakaria, Zakaria, “ Fareed Zakaria, fareed zakaria, Ezra, Putin, They’ve, there’s, fareed zakaria It’s, they’re, It’s, Fidel Castro, Sean Penn, haven’t, you’re, won’t, Biden, They’re, Washington, Winston Churchill, Merkel, wouldn’t, —, Nancy Gibbs, Khomeini, Macron, Ron DeSantis, YouGov, fareed zakaria I’m, that’s, DeSantis, Lindsey Grahams, Mitch McConnell, Xi Jinping, ezra klein Yes, Xi, Gorbachev, Zelensky, Trump, Obama, Bush, United States —, McCarthy’s, I’ve, they’d, doesn’t, didn’t, ezra klein They’re, fareed zakaria They’re, we’ve, Simpson, I’m, Janet Yellen, Colin Powell, unquote, That’s, Jonathan Haidt, We’ve, he’s, fareed zakaria That’s, they’ve, fareed zakaria Well, gee, TikTok, we’re, George Kennan, Mike Gallagher, klein, Nirupama Rao, Bob Kagan, can’t, — fareed zakaria, Lord Mountbatten, Gandhi, Franklin Roosevelt, Ho Chi Minh, fareed zakaria Right, narratively —, Modi, you’ve, China’s —, fareed zakaria Modi, India’s, Advani, Vajpayee, you’d, There’s, India, Joe Biden, fareed zakaria I’ve, Benedict Anderson’s “, Orville Schell, John Delury, Sunil Khilnani, ezra klein Fareed Zakaria Organizations: CNN, The Washington Post, Putin, Starbucks, Russia, Revolutionary Guard, NATO, Ukrainian, Communist, European Union, U.S, Republican Party’s, Republican Party, Republicans, ASEAN, Trump, Defense, United, U.S ., Democrats, Chinese Communist Party, State, Facebook, Google, Soviet Union, Huawei, Twitter, South China Seas, Foreign Affairs, Yale Law, International Criminal, South China, . Security, Trade Organization, Pax Americana, Americana, New York Fed, America, Republican, Fox, Beijing Locations: ezra klein Russia, Ukraine, Russia, America, Europe, China, India, Russian, United States, Relatedly, Japan, Turkey, Holland, South Korea, Singapore, Iran, Venezuela, Central America, Southeast Asia, Washington, Britain, ‘, U.S, United Europe, Germany, Soviet Union, Vietnam, Beijing, Trump, Asia, Iraq, Hainan, Montana, Republic, Soviet, weirdly, South, Taiwan, Pakistan, New Delhi, South Africa, Kuwait, Russia’s, Eden, Saudi Arabia, Indonesia, Kashmir, it’s, Cuba, Pax, American, Mumbai, Shanghai, Israel, Poland, Indian, Nigeria

☆ World Bank's new chief asks staff to 'double down' on development, climate efforts
▼ + stars: | 2023-06-02 | by ( David Lawder | ) www.reuters.com time to read: +4 min

[1/2] World Bank President Ajay Banga arrives for his first day of work at World Bank headquarters in Washington, U.S. June 2, 2023. REUTERS/Jonathan ErnstWASHINGTON, June 2 (Reuters) - The World Bank's new president Ajay Banga on Friday asked the lender's 16,000 staff to "double down" on development and climate efforts as he seeks to accelerate the bank's evolution to tackle the most pressing global problems. The World Bank Group is being asked to lead the way, to double down on development and climate efforts and to deliver even more impact and results," he said. He added this would require "all shoulders to the wheel," and all of the World Bank's divisions working together to deliver solutions needed by the world. Banga, 63, was elected to a five-year term as World Bank president by the lender's board of governors in May.

Persons: Ajay Banga, Jonathan Ernst WASHINGTON, Banga, Janet Yellen, Yellen, Joe Biden, David Malpass, Kevin Gallagher, There's, David Lawder, David Holmes, Hugh Lawson Organizations: World Bank, REUTERS, Friday, Mastercard, Reuters, Thursday, U.S, Treasury, Boston, Global, Policy, Thomson Locations: Washington , U.S, Banga, Paris

☆ T.J. Maxx’s Recession-Proof Pricing Strategy, Explained
▼ + stars: | 2023-06-01 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Why This Rolex Is Worth More Used Than New Why are some consumers willing to spend more for a used watch than for a new version of the same model? WSJ’s Jacob Gallagher explains why the secondary market for watches has exploded in recent years and how Rolex is trying to get in on the action. Photo illustration: Xingpei Shen

Persons: WSJ’s Jacob Gallagher, Shen Organizations: Worth, Rolex

☆ The Album Art Studio That Made Pink Floyd’s Pig Fly
▼ + stars: | 2023-06-01 | by ( Mark Yarm | ) www.nytimes.com time to read: +2 min

The Dutch filmmaker Anton Corbijn, the director of “Squaring the Circle (The Story of Hipgnosis),” a documentary on the design firm that opens in New York on June 7, had a slightly different take. “It’s just not normal to fly all the way to Hawaii to do that picture,” he said. Among the 415 album covers Hipgnosis made between 1968 and 1983 was Pink Floyd’s “Animals” (1977), for which a 40-foot inflatable pig was photographed floating between the chimneys of London’s Battersea Power Station. Unfortunately, the single cable affixed to the pig snapped, and up the balloon went — into the flight zone for Heathrow Airport. Noel Gallagher, a fan, provides some modern-day context and comic relief.

Persons: Anton Corbijn, ”, “ It’s, Hipgnosis, Pink Floyd, Nick Mason, Roger Waters, Corbijn, Powell, David Gilmour, Mason, Waters, Robert Plant, Jimmy Page, Paul McCartney, Peter Gabriel, Gouldman, Noel Gallagher Organizations: Battersea Power, Heathrow Airport, Pink Locations: New York, Hawaii, London, Battersea

☆ Dollar General investors vote to probe worker safety, after years of employee complaints
▼ + stars: | 2023-05-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Dollar General stores have been cited by OSHA and local authorities for safety hazards for years. OSHA has called Dollar General a "severe violator"David Williams, an employee at a Dollar General store, said he and his colleagues at other locations go to work scared of the dangers that they will encounter there. Safety hazards at Dollar General stores have also gotten the attention of the Occupational Safety and Health Administration, or OSHA, which has proposed fines on Dollar General of $21 million since 2017. The company's violations are severe and frequent enough that Dollar General earned a "severe violator" designation from OSHA in March. The proposal's passage marks a win for Dollar General workers, Mary Beth Gallagher, director of engagement at Domini Impact Investments, said in a statement.

Persons: —, David Williams, Williams, Mary Beth Gallagher, Gallagher, Alex Bitter Organizations: OSHA, Service, Shareholders, Dollar, US, Equity Fund, CNN, Occupational Safety, Health Administration, Impact Locations: Goodlettsville , Tennessee, Mexico

☆ The Nike Cowboy Boot Is Here. Yeehaw.
▼ + stars: | 2023-05-30 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

☆ MLB roundup: Cubs cool Rays with Marcus Stroman's one-hitter
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +5 min

Wander Franco ended Stroman's no-hit bid in the seventh with a flared single to left field. The Cubs scored their lone run in the fourth inning. Seiya Suzuki hit an infield single and reached second on third baseman Taylor Walls' throwing error on the play. Giants 14, Pirates 4Patrick Bailey homered and Mitch Haniger doubled twice in a 13-batter, eight-run seventh inning, helping San Francisco separate from visiting Pittsburgh in the opener of a three-game series. Diamondbacks 7, Rockies 5Pavin Smith belted a three-run homer to cap a five-run second inning and help Arizona beat Colorado in the opener of their four-game series in Phoenix.

☆ How ‘Succession’ Treated Every Character
▼ + stars: | 2023-05-29 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

Roman Roy“Why isn’t it me?” Has to be dragged out next to GoJo’s Lukas Matsson for a painful photo-op with blood still wet on his forehead. But is now free from the heartache and hatred that abounds at his family’s former company. It might seem like Roman loses, but he wins.

☆ Netflix Might Need Some Freeloaders to Stick Around
▼ + stars: | 2023-05-22 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

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May 21 (Reuters) - The absence of women from the slate of potential Morgan Stanley (MS.N) CEO successors underscores the importance of cultivating and keeping diverse talent, corporate governance experts say. Morgan Stanley co-presidents Ted Pick and Andy Saperstein, and head of investment management Dan Simkowitz, are the front-runners to succeed James Gorman, who said on Friday he plans to step down as chief executive within a year. The most recent U.S. workforce diversity data comprehensively reported by the Wall Street banks shows women were less represented in leadership positions at Morgan Stanley than at other top U.S. banks as of 2021. A Morgan Stanley representative declined to comment. To be sure, Morgan Stanley has several women in top roles, including Chief Financial Officer Sharon Yeshaya.

☆ A Lego Crime, a YouTube Rivalry, and the End of a Star Wars Friendship
▼ + stars: | 2023-05-21 | by ( David Kushner | ) www.businessinsider.com time to read: +30 min

Those who are into Lego Star Wars are among the most popular. It was at an informal contest where Louis met Victor, a fellow Lego Star Wars fanatic. Soon they ranked among the most popular Lego Star Wars YouTubers in France, known for the size and scope of their MOCs. The two friends no longer fit with that satisfying click that comes from snapping together two Lego bricks. Though it must have taken a truck to haul away all of Louis' Lego, no neighbor reported seeing anything suspicious.

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