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☆ Wall St Week Ahead Surging Treasury yields upend stock market's "bond proxies"
▼ + stars: | 2023-10-06 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Such areas are often referred to as "bond proxies" for their strong, stable dividends, which over the past decade have usually exceeded Treasury yields. But surging bond yields have dulled the appeal of bond proxies. As a result, shares of bond proxies have taken an outsize hit in recent weeks. The S&P 500 utilities sector (.SPLRCU) has tumbled 13% since last month’s Fed meeting. While the sector is expected to see stronger growth than the overall S&P 500 in the third and fourth quarters, its projected 8.6% increase in 2024 lags the expected 12% rise for the overall S&P 500, according to LSEG IBES.

Persons: Brendan McDermid, Irene Tunkel, LSEG, James Ragan, Davidson, Ragan, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Treasury, Fed, Staples, AT, Verizon, Investors, BCA Research, Reuters Graphics, Friday's, U.S, sector's, Nextera Energy, Nextera Energy Partners, KeyBanc, Markets, Thomson Locations: New York City, U.S, Philadelphia, VandaTrack

☆ Sam Bankman-Fried isn't the only one on trial. The entire crypto industry is.
▼ + stars: | 2023-10-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

But first, we're looking at why FTX cofounder and ex-CEO Sam Bankman-Fried's criminal trial has implications that could upend the entire crypto industry. Bankman-Fried, the cofounder and ex-CEO of crypto exchange FTX, was deeply enmeshed in the crypto ecosystem. The proceedings will likely provide more fascinating details about the inner workings of FTX and the broader crypto industry, potentially airing out its dirty laundry and shortcomings. Chelsea Jia FengThe crypto industry, meanwhile, is ready to move on. Some in the crypto industry are embracing a more grown-up approach.

Persons: —, Sam Bankman, Donald Trump's, JANE ROSENBERG, Tom Brady, Kevin O'Leary, Michael Lewis, Katie Balevic, Jacob Shamsian, Grace Kay, Mark Cohen, Caroline Ellison, Chelsea Jia Feng, they'll, Spencer Platt, what's, Michael M, Arvind Krishna, Rahul Pandey's, Seth Wenig, AP Trump, scowled, Donald Trump, Tyler Le, Dianne Feinstein's, Kamala Harris, Sen, Chuck Schumer, Marc Anthony, Sofia Reyes, Pluma, Bad, Wells, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan, Annie Smith, Shona Ghosh, Jack Sommers, Spriha Srivastava Organizations: Service, Tech, Chelsea, Financial, Fidelity, PayPal, Visa, Getty, Treasury, Wall, Nvidia, IBM's, Meta, AP, IRS, trailblazing, Grupo Frontera, NBA, Dallas Mavericks, Minnesota Timberwolves, Etihad Arena, The Dallas Mavericks, Etihad, Corporation National Media Locations: crypto's, Plenty, trailblazing California, Abu Dhabi, New York City, San Diego, London, New York

☆ So long, computer science — Chaos Studies is the hot new college degree
▼ + stars: | 2023-10-05 | by ( Tiffany Ng | ) www.businessinsider.com time to read: +12 min

"I remember joking about majoring in puzzles as a kid, never imagining that such a thing was possible until my mom discovered the individualized major program," Shortz said. Between 2019 and 2021, there was a 3% increase in the number of students graduating with individualized studies degrees. With majors like Chaos, Human Computer Interaction, and Architecture and Food Theory, students aren't just crafting these degrees for fun. In 2020, RIT renamed its individualized major the New Economy major and highlighted the need for students to "adapt to evolving career fields." Adopting a rather divergent approach to the same goal, New York University's Gallatin School of Individualized Studies frames its approach as honing the "management of knowledge."

Persons: Will Shortz, Shortz, — Shortz, He's, we're, Oluwaseyi Onifade, Onifade, James Hall, they're, Makini Beck, SOIS, he's, Ben Papernick, Papernick, haven't, Peter Rajsingh, Gallatin, Kahrej Ahluwalia, Ahluwalia, Rajsingh, Tiffany Ng Organizations: Dell, Indiana University, The New York Times, National Center for Education Statistics, Rochester Institution of Technology, Oluwaseyi, RIT's, Society, Jobs, RIT, Genesee Community College, Applied, University of Texas, Austin, University of Southern, New York University's Gallatin School, Baseball, Gallatin, Schools, NYU Locations: RIT's, Western New York, University of Southern California, New York, Gallatin

SAN FRANCISCO (AP) — X, formerly known as Twitter, has stopped showing headlines on articles shared on the platform. Now, X only displays an article’s lead image and a link to the story. Linked articles now appear as an image, and include text in the left-hand corner noting the domain of the link. Musk's latest decision builds on the growing rift between the platform and news organizations who for years used it to build their audiences. Among his more controversial moves was a decision to upend the site's verification system.

Persons: Elon Musk, “, Musk Organizations: FRANCISCO, European Union, Defamation League, Twitter, New York Times

☆ Senators warn Biden that a defense pact with 'authoritarian' Saudi Arabia in exchange for normalizing ties with Israel hurts American interests
▼ + stars: | 2023-10-04 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

20 senators are warning President Biden against a defense agreement with Saudi Arabia. The US is considering a defense pact to entice Saudi Arabia to normalize relations with Israel. The New York Times reported last month that the Biden administration is considering a security agreement with Saudi Arabia "resembling those with Japan or South Korea." While saying they share the White House's goal of restoring ties between its two Middle Eastern allies, the senators argue that a defense pact with Saudi Arabia would upend decades of US policy. The effort to normalize relations between Israel and Saudi Arabia was kickstarted during the Trump administration, despite Crown Prince Mohammed bin Salman ordering the killing of an American citizen, Jamal Khashoggi, according to a US intelligence assessment.

Persons: Biden, —, Washington's, Chris Murphy of, John Fetterman of, Dick Durbin, Trump, Prince Mohammed bin Salman, Jamal Khashoggi, Axios, Jared Kushner Organizations: Service, The New York Times, Illinois Locations: Saudi Arabia, Israel, Japan, South Korea, Riyadh, Chris Murphy of Connecticut, John Fetterman of Pennsylvania, Saudi, American

☆ Come on, people: there's never going to be a bipartisan coalition running the House
▼ + stars: | 2023-10-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

The ousting of Kevin McCarthy has thrown the House back into chaos, and there's no clear successor. Some have speculated that a "compromise speaker" or "coalition government" could emerge. AdvertisementAdvertisementThe fall of former House Speaker Kevin McCarthy at the hands of Rep. Matt Gaetz of Florida has revived talk of something relatively uncommon in American politics — a "compromise speaker" or "bipartisan coalition" emerging to govern the increasingly ungovernable House of Representatives. As the dust settled after the vote to boot McCarthy on Tuesday, I spotted Republican Rep. Mike Lawler walking away from the Capitol. "The Texas example is that sometimes you vote for a Republican speaker, but then you get a third of the chairs," Casar told me on Tuesday.

Persons: Kevin McCarthy, There's, —, Matt Gaetz, Let's, it's, McCarthy, Hakeem Jeffries, Maxwell Frost of, Jeffries, Mike Lawler, Lawler, Joe Biden, he's, Biden, Tom Williams, ", We've, Jamie Raskin, Donald Trump, Greg Casar, Casar, didn't, materializing, they're, Wiley Nickel, ” Tom Williams, Nick LaLota, bode Organizations: Service, Representatives, Republican, Moderate Republicans, Democratic, Republicans, Capitol, MAGA Republicans, Getty, Maryland, Trump, Democratic Rep, Congressional Progressive Caucus, America, Wall Street Locations: Florida, Maxwell Frost of Florida, New York, Texas, North Carolina, Ukraine

☆ Supreme Court Case Could Upend Rules for Mortgages, Credit Cards and More
▼ + stars: | 2023-10-03 | by ( Andrew Ackerman | Jess Bravin | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/regulation/supreme-court-case-could-upend-rules-for-mortgages-credit-cards-and-more-2f96be03

Persons: Dow Jones

According to preliminary results released by Slovakia’s Statistical Office at 6 a.m. local time, Robert Fico’s populist SMER party won 23.3% of the vote. While in opposition, Fico became a close ally of Hungary’s Prime Minister Victor Orban, especially when it came to criticism of the European Union. Fico previously served as Slovakia’s prime minister for more than a decade, first between 2006 and 2010 and then again from 2012 to 2018. Kuciak reported on corruption among the country’s elite, including people directly connected to Fico and his party SMER. In the Czech Republic, which used to form one country with Slovakia, 71% of people blame Russia for the war.

Persons: Robert Fico’s, Fico, upend, Peter Pellegrini, Hlas, ”, Pellegrini, Slovakia “, “, Vladimir Putin, Putin, Victor Orban, Orban, Jan Kuciak, Martina Kušnírová, Kuciak, Věra Jourová, GlobSec, – Organizations: CNN, Kremlin, NATO, Slovakia’s, SMER, Progressive, Ukrainian, Ukraine, European Union, Russia, Hungary’s, European, Justice, Kyiv Locations: Slovakia, Ukraine, Progressive Slovakia, Slovak, Kyiv, Brussels, Russia, Bratislava, Baltic, Czech Republic, States

☆ The next United Nations Secretary General? This Caribbean climate leader makes diplomats 'jump' with excitement
▼ + stars: | 2023-09-29 | by ( Stephanie Fillion | ) edition.cnn.com time to read: +8 min

United Nations CNN —Asked last week if she will run to become the United Nations’ next Secretary General, Prime Minister Mia Mottley of Barbados gave a thumbs up, smiled, and walked away. Fighting for a woman at the helmThe UN’s next Secretary General would take office in January 2027. “There’s always lots of men that want to run,” said Ben Donaldson, head of campaigns at the United Nations Association of the United Kingdom. “It’s not so much about talking about a Julie or Anne, or Mary, it is more about talking about a Madame Secretary General as a general proposition, and then making sure that we pave the way to get there,” she said. “I believe that men should run next time around as I believe women should run in their numbers,” he said.

Persons: United Nations CNN —, Mia Mottley, Mottley, Juan Manuel Santos –, –, Santos, Rafael Grossi, António Guterres, Alicia Bárcena, Rebeca, Maria Fernanda Espinosa Garcés, “, Ralph Gonsalves, Saint Vincent, ”, Guterres, Obama, Richard Gowan, ” Elina Valtonen, ” Valtonen, it’s, Ben Donaldson, “ I’m, Susana Malcorra, It’s, Julie, Anne, Mary, Dennis Francis, doesn’t, ” Julia Maciel Organizations: United Nations CNN, United Nations ’, UN, United Nations, International Atomic Energy Agency, Assembly, CNN, International Monetary Fund, General, Chevron, European Union, Bridgetown Initiative, IMF, World Bank, Crisis, UN Security Council, Security Council, Security, United Nations Association of, Global, Madame Locations: Barbados, America, Caribbean, New York, Colombian, Costa Rica, Ecuador, Grenadines, Venezuela, Bridgetown, COP28, New York City, UN, Portuguese, United Kingdom, Trinidad and Tobago, Ukraine, Paraguay

☆ Craft beer, marriages and air travel: The collateral damage of a government shutdown
▼ + stars: | 2023-09-29 | by ( Alex Seitz-Wald | ) www.cnbc.com time to read: +14 min

Staff, meanwhile, have been forced to put their real jobs on hold to prepare for the looming shutdown. National parksThe National Park Service plans to close its parks and furlough park rangers if the government shuts down on Sunday. During the 2018-2019 shutdown, the parks themselves remained accessible, but without most services. Some presidential libraries would remain open as long as they have sufficient funds, but others would close and research services would be reduced. A shutdown would result in a "data blackout" of critical economic statistics that influence markets and businesses around the globe.

Persons: Donald Trump, that's, Biden, Joshua, Armando L, Sanchez, Pete Buttigieg, they're, White, Treasury Department furloughed, shutdowns Organizations: Yosemite, Fresno Bee, Tribune, Service, Getty, White House Council, Economic Advisers, Management, Staff, National Park Service, Park Service, Department of Interior, NBC, Congressional Research Service, National Zoo, U.S . Holocaust, Museum, National, Science, National Science Foundation, National Institutes of Health, Centers for Disease Control, Prevention, FBI Agents Association, FBI, Air, Transportation Security, LaGuardia, TSA, O'Hare International, State Department, Consular, Education Department, AmeriCorps, Agriculture Department, Assistance, Women, Small Business Administration, Federal Housing Administration, Social, Consumer, Food and Drug Administration, Consumer Product Safety, Environmental Protection Agency, Occupational Safety, Health Administration, Labor, —, Social Security, Medicare, Treasury Department, Foreign Assets Control, Russia Locations: El Capitan, Yosemite Valley, Washington, Civil, U.S, Europe, Southeast Asia, New Mexico, shutdowns, New York, Chicago, Russia, Iran, Ukraine

☆ Morning Bid: Dollar glimmers in broad market gloom
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 27, 2023. REUTERS/Staff/file photo Acquire Licensing RightsA look at the day ahead in European and global markets from Tom WestbrookGerman and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that's enveloped markets in recent days. Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. There's still no intervention from Japan, although moves in the pair are so tentative that it's clear traders are jittery. In addition to the day's data, Fed Chair Jerome Powell's comments will be a focus for markets when he speaks at 2000 GMT.

Persons: Tom Westbrook, Donald Trump, There's, Jerome Powell's, Jerome Powell, Edmund Klamann Organizations: REUTERS, Staff, Capitol, Republican, HK, Nikkei, Thomson Locations: Frankfurt, Germany, loggerheads, U.S, China, China's, Stocks, Asia, Japan, prelim

☆ Wall Street's typical career path might have a massive detour thanks to AI
▼ + stars: | 2023-09-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

As for today's edition, we're looking at how AI could upend the job of the junior banker, and the effect that'll have on Wall Street's traditional career path. AdvertisementAdvertisementAspiring financiers need to look no further than investment banks' analyst programs to get a foot in the door. But this crucial piece of Wall Street's ecosystem could be upended by the rise of artificial intelligence. AdvertisementAdvertisementBuy-side firms have largely held off on going after college graduates, instead pointing them toward banks' analyst programs. Regardless of what direction things go, what's clear is the type of work AI excels at falls directly in junior bankers' wheelhouse.

Persons: Insider's Bianca Chan, Emmalyse Brownstein, Alyssa Powell, Steve Cohen's, Cohen, millennials, Elon Musk, Mark Zuckerberg, Jeff Bezos, ChatGPT, Xavier Lalanne, It's, Saint, Givenchy, Donald Glover, Childish Gambino, Will Smith, Catherine Zeta, Jones, krisanapong detraphiphat, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Guild of America, Hollywood, Tech, LinkedIn, Meta, National, Costco, Lowe's, Tractor Supply, Brands, Getty Images Finance Locations: Wall, Silicon, Paris, New York City, San Diego, London, New York

21 Washington State withstood a late rally to upend No. 14 Oregon State 38-35 on Saturday in the Pac-12 Conference opener for both teams. Ward's TD run on the next possession gave Washington State a 14-0 lead. Deshaun Fenwick led Oregon State with 101 rushing yards and touchdown runs of 38, 9 and 4 yards. Washington State: Has a week off before traveling to No.

Persons: — Josh Kelly, Cameron Ward, Uiagalelei, Jack Velling, Ward, Kyle Williams, Ward's, Lincoln Victor, Kelly, Deshaun Fenwick, Damien Martinez Organizations: Washington State, Oregon State, Cougars, Beavers, Washington, Fresno State, FBS, THE, Wisconsin, Oregon, UCLA, AP Locations: Oregon, Washington State, Fresno, Washington, Utah

☆ Poland says it will stop arming Ukraine. How did we get here – and what does it mean for the war?
▼ + stars: | 2023-09-21 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

Poland’s decision was both sudden and predictable, coming after months of tensions over a temporary ban on Ukrainian grain imports to a number of European Union countries. “We no longer transfer weapons to Ukraine because we are now arming Poland,” Polish Prime Minister Mateusz Morawiecki said in a blunt social media statement on Wednesday. But three nations – Poland, Hungary and Slovakia – said they intended to defy the change and keep the restrictions in place. They are particularly suffering in their stronghold rural regions in eastern Poland, where agriculture is an important economic pillar. The urgency of the war to Poland has also slipped over the course of year.

Persons: Mateusz Morawiecki, Morawiecki, Piotr Muller, CNN Muller, Slovakia –, Alexander Ermochenko, Volodymyr Zelensky, Zelensky, ”, Mateusz, Beata Zawrzel, PiS, Vladimir Putin Organizations: London CNN, European Union, NATO, Ukrainian, CNN, EU, European Commission, Reuters, UN, Assembly, Ukraine, Law, Justice, Confederation, Kyiv Locations: Kyiv, Russia, Poland’s, Poland, Ukraine, Polish, United States, Soviet, Warsaw, Slovakia, Hungary, Europe, Zaporizhzhia, Russian, New York, Moscow, Ukrainian, Germany, Ukraine’s

☆ Cramer: Buy stocks now to catch the rally when the Fed ends its tightening cycle
▼ + stars: | 2023-09-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Our September meeting comes at a difficult time for the stock market. As I said in a recent Sunday column , money can and will be made in this tightening cycle. With the exception of September and the months of February and August, the stock market has been fairly robust in 2023. This kind of bullish move during a tightening cycle is not exceptional. The market has gained 13% on average when a tightening cycle is completed.

Persons: —, That's, Jim Cramer's, Jim Cramer, Jim, Jerome Powell, Chip Somodevilla Organizations: Treasury, Fed, Arm Holdings, Federal Trade Commission, Activision Blizzard, Microsoft, Jim Cramer's Charitable, CNBC, Federal Reserve, Getty Locations: Washington ,

☆ Cramer gives six reasons investors are currently selling off
▼ + stars: | 2023-09-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday proposed six reasons why investors are selling and bringing the market down. Interest rates: Cramer said rates can be a good reason to sell. Macroeconomic weakness: "Macro" headwinds add risk to companies trying to close deals and may create a "difficult adjustment" for investors, Cramer said. Fear of giving up on gains: Cramer said investors may sell to lock in gains they've made earlier in the year. According to Cramer, investors selling because of fear translates to selling low and buying high.

Persons: CNBC's Jim Cramer, Cramer, they've, nobody's, That's Organizations: Federal Reserve, Democratic, Republican, United Auto Workers

☆ Car buying was finally getting better. The auto workers' strike will make it bad for everyone again.
▼ + stars: | 2023-09-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

The United Auto Workers union is on strike, targeting a select few Detroit 3 car factories. After years of a pandemic-driven supply-and-demand car crunch that jacked up new and used vehicle prices and shrunk dealership supply, car buyers had just started to see a little respite. The used car market has been trickier to generalize, but even used vehicle listing prices finally dropped slightly in July. "Pricing may well go up just because of scarcity, and if that happens, then the consumer that potentially was buying a new car would move to the used car market," Russell Hensley, partner in McKinsey's global automotive and assembly practice, said. "Prices will likely go up in the used car market."

Persons: Pat Ryan, Kelley, Cadillac, Jeep Wrangler, Ryan, Russell Hensley Organizations: United Auto Workers, Detroit, UAW, Service, Ford, GM, GMC, Buick, Chrysler, Chevrolet, Cox Automotive, Honda, Toyota, Kia, Jeep Locations: Wall, Silicon, Detroit, Wayne , Michigan, Wentzville , Missouri, Toledo , Ohio

☆ Iowa evangelical voters are 'exhausted' by Trump and could 'upend' his run for the presidency, a prominent Iowa conservative says
▼ + stars: | 2023-09-19 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Conservative leader Bob Vander Plaats said that the road to the GOP nomination goes through Iowa. And Vander Plaats told CNN that evangelical voters are both "appreciative" and "exhausted" of Trump. Trump recently said the six-week abortion ban in Fla. signed by DeSantis was a "terrible mistake." "It showed a character thing with Trump that he cast the blame on the pro-life movement," he told the newspaper. DeSantis on Monday blasted Trump's remarks during an interview on Radio Iowa, questioning the former president's anti-abortion credentials.

Persons: Bob Vander Plaats, Vander Plaats, DeSantis, upend Trump, Trump, — Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett —, Roe, Wade, Ron DeSantis, Trump's Organizations: GOP, CNN, Trump, Service, Republicans, Hawkeye State, New York Times, underperformed, Times, Florida Gov, Radio Iowa Locations: Iowa, Fla, Wall, Silicon

☆ Trump says he doesn't worry about going to jail: 'I don't even think about it'
▼ + stars: | 2023-09-17 | by ( Jonathan Allen | ) www.cnbc.com time to read: +6 min

"I don't even think about it," Trump, who has been indicted four times this year, said when asked if he worries about prison at night. NBC News has also extended an invitation to President Joe Biden to sit down with Welker for an interview. "First of all, I had very little to do with Jan. 6," Trump said. The officer didn't say that "because of riots," Trump said, alluding to the threat to a president. Welker asked Trump to confirm he was disputing Hutchinson's account.

Persons: Donald Trump isn't, NBC's, Kristen Welker, Trump, Joe Biden, Welker, Jan, Biden, I'm, Brad Raffensberger, didn't, General Merrick Garland's, Biden's, Hunter Biden, Cassidy Hutchinson, patriotically, it's, I've Organizations: Bedminster, NBC, Republicans, Washington , D.C, Trump, Secret, . Secret Service Locations: Washington ,, United States, Georgia

☆ Here are 11 top moments from Trump's 'Meet the Press' interview
▼ + stars: | 2023-09-17 | by ( Allan Smith | Jonathan Allen | ) www.cnbc.com time to read: +13 min

Former President Donald Trump speaks during an interview with NBC News' Kristen Welker, Sept. 14, 2023. NBC News has also extended an invitation to President Joe Biden to sit down with Welker for an interview. "I said, 'Other than certain parts of the country, you can't — you're not going to win on this issue. "And both sides are going to come together and both sides — both sides, and this is a big statement — both sides will come together. But when Welker asked if he might grant himself a reprieve if he wins this election, Trump declined to rule it out.

Persons: Donald Trump, Kristen Welker, Donald Trump sparred, Joe Biden, Mila Kunis, Ashton Kutcher, Danny Masterson, Welker, Trump, Roe, Wade, he's, —, it's, pardoning, I'm, Jan, Biden Trump, Biden, Kevin McCarthy, McCarthy, Ukraine Trump, Putin, Vladimir Putin, I'd, Ron DeSantis, DeSantis, Franklin Roosevelt Organizations: NBC News, Press, NBC, GOP, Trump, U.S ., Republican, White House, Capitol, Florida Gov Locations: Bedminster , New Jersey, Ukraine, Alabama, Pennsylvania, U.S, Russia, Florida, Taiwan

Legacy media companies like Disney , Warner Bros. Netflix was the first streamer to report a loss in subscribers in 2022, sending its stock and other media companies spiraling. Media companies also have begun slashing content spending budgets. Yet streaming remains the focus for all of these companies as consumers rapidly cut the cord and opt for streaming. Legacy media companies scrambled to follow suit, unsure if the model actually worked.

Persons: Mario Tama, it's, Steven Schiffman, NBCUniversal, Bob Iger, Ken Solomon, Solomon, Marc DeBevoise, John Hodulik, hasn't, —, Hulu —, Peacock, Max —, HBO Max, — Ryan Murphy, Shonda, Kenya Barris, David Benioff, Weiss —, Jonathan Miller, Shonda Rhimes, Presley Ann, Patrick McMullan, Bart Simpson, esports, DeBevoise, Peter Csathy Organizations: Netflix, Getty, North, Georgetown University, Legacy, Disney, Warner Bros, Discovery, Paramount, Media, Marvel, Tennis Channel, Sinclair, Companies, UBS, CBS, HBO, Max, Hulu, Integrated Media, Trek, Universal Studios Television, Getty Images Disney, Wars, Fox, Hollywood's, Creative Media, Charter Communications, ESPN, & $, + + Locations: Los Angeles, North American, J.J, Abrams, Kenya, Beverly Hills , CA, Georgetown

From there, Milley will attend the monthly meeting of the Ukraine Defense Contact Group in Germany on Tuesday. That group, led by U.S. Defense Secretary Lloyd Austin, is the main international forum for drumming up military support for Ukraine. But American lawmakers are increasingly divided over providing additional assistance for Ukraine as the war is well into its second year. President Joe Biden has proposed a package of $13.1 billion more in military aid and $8.5 billion for humanitarian support. Milley said the group will include defense chiefs from Britain, Norway, Netherlands, Italy, Germany, France, Denmark, Canada, Belgium, Australia, New Zealand and Japan.

Persons: Mark Milley, Kim Jong Un, Vladimir Putin, ” Milley, Kim, Milley, Lloyd Austin, Rob Bauer, Joe Biden, Donald Trump, Volodymyr Zelenskyy Organizations: American, NATO, U.S . Army, Joint Chiefs of Staff, Ukraine Defense Contact Group, U.S . Defense, NATO Military Committee, U.S, Congress, Conservative Republicans, White House, Capitol, General, Global Locations: OSLO, Norway, North Korea, Ukraine, Russia, North, Russian, Moscow, Holmenkollen, Oslo, Germany, Netherlands, United States, Washington, U.S, China, Beijing, Taiwan, Britain, Italy, France, Denmark, Canada, Belgium, Australia, New Zealand, Japan

But a person who worked closely with Ramaswamy said, "He thinks people are put on this earth to serve him." Roivant attracted investors including Masayoshi Son's SoftBank Vision Fund, Peter Thiel's Founders Fund, and the hedge fund Viking Global Investors. Former Roivant employees said Ramaswamy worked hard and expected the same of others. McLaughlin called the employee's recollection "inaccurate," adding that Ramaswamy "has never once raised his voice or used bad language with employees." At Roivant, Ramaswamy kept his politics largely to himself, former employees said.

Persons: Vivek Ramaswamy, Ramaswamy, He's, Donald Trump, Mike Pence, Nikki Haley, Ron DeSantis, Trump, George Soros, didn't, Taco Bell, he's, —, Vivek, Tricia McLaughlin, he'd, McLaughlin, takeout, Forbes, Vivek doesn't, they've, Roivant, Masayoshi, Peter Thiel's, Thiel, JD Vance, Bill Ackman, who'd, . Ramaswamy, Erik Gordon, Vance, John Phillips, Joyce Rosely, Phillips, Anson Frericks, they'd, Rosely, Frericks, They're, they're, Eric Balchunas, Todd Rosenbluth, Rosenbluth, Christopher Lenzo, Brandon Bell, Vivek Ramaswamy's, Katherine Long, Jack Newsham, Meghan Morris Organizations: pharma, Army Rangers, Biotech, Republican, nab, GOP, of Education, FBI, Nuclear Regulatory Commission, Federal Reserve, Florida, Roivant Sciences, General Electric, Yale Law School, Army, Rangers, Harvard, Yale, Fund, Viking Global, Leerink Partners, GlaxoSmithKline, Forbes, Big Pharma, Japan's Sumitomo Pharma Co, ., University of Michigan, FDA, US, Yale Law, ESG, The, Texas, Indiana, BlackRock, Vanguard, Bloomberg Intelligence, Fair, SEC Locations: Mexico, FiveThirtyEight, Roivant, Patagonia, Iowa, New York, Ohio, The Lever

☆ Guest view: Bank balance sheets hide climate risks
▼ + stars: | 2023-09-15 | by ( Natasha Landell-Mills | ) www.reuters.com time to read: +7 min

First, banks’ financial statements appear to be ignoring climate risks, which means financial institutions are probably also leaving those dangers out of their capital calculations. Second, a regulatory regime that understates the expected consequences of climate change is allowing the banks’ blind spot to persist. The few banks that refer to climate risks in their accounts tend to conclude that it is not material. Second, banks need to take a prudent view of climate risks in their financial statements. The sooner the banking sector internalises climate risks in its accounting, the better the chance of building a sustainable future.

Persons: Wells Fargo’s, Banks, Natasha Landell, Mills, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, HSBC, HK, “ Management, prudential, The, Greening, Central, Institute, Faculty of Actuaries, University of Exeter, Institutional, Sarasin, Partners, Thomson

☆ Thailand's Pita quits as leader of election-winning party after failed PM bid
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

Move Forward Party leader Pita Limjaroenrat reacts during a rally to thank voters ahead of the vote for a new prime minister on July 13, in Bangkok, Thailand, July 9, 2023. REUTERS/Athit Perawongmetha Acquire Licensing RightsBANGKOK, Sept 15 (Reuters) - Thailand's Pita Limjaroenrat resigned on Friday as leader of the progressive Move Forward party, months after delivering a stunning electoral victory on an anti-establishment reform agenda that threatened to upend the political status quo. "I want to allow other lawmakers to take on this role of opposition leader," Pita said on Facebook. "But in any position, I will work with Move Forward and the people to the fullest of my abilities." The charismatic Pita had led pre-election opinion polls as Thailand's top choice for prime minister but faced a host of legal and legislative challenges that he maintains were orchestrated to keep him from power.

Persons: Pita Limjaroenrat, Athit, Pita, Chayut Setboonsarng, Martin Petty Organizations: Forward, REUTERS, Rights, Harvard, Facebook, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

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