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One focus of the talks was fentanyl, the synthetic opioid that is ravaging America, and in particular ingredients for the drug that are made in China. The U.S. wants China to do more to curb the export of chemicals that it says are processed into fentanyl, largely in Mexico, before the final product is smuggled into the United States. But China refused to discuss cooperation unless the U.S. lifted sanctions on the Public Security Ministry's Institute of Forensic Science. The U.S. quietly agreed to lift the sanctions to get cooperation on fentanyl. State Department spokesperson Matthew Miller called it “an appropriate step to take” given what China was willing to do on the trafficking of fentanyl precursors.

Persons: Xi Jinping, Joe Biden, Wang Xiaohong, ”, Jen Daskal, Biden, Nancy Pelosi, Wang Yi, Matthew Miller Organizations: BEIJING, Chinese Public Security, U.S ., U.S, U.S . Centers for Disease Control, ., Biden, Senate, Public Security Ministry's Institute of Forensic Science, The Commerce Department, State Department Locations: U.S, America, China, San Francisco, Taiwan, Mexico, United States, Beijing, China’s Xinjiang, The U.S

☆ Online sports betting stocks are primed for a big 2024 as fans ready for the Super Bowl
▼ + stars: | 2024-01-28 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

3 market share position," said Jeff Stantial, director of gaming and leisure research at Stifel. DraftKings stock tripled in 2023 and has already gained nearly 10% in 2024. 'Buying' market share The remaining market share is up for grabs and fluctuates among the smaller players. Stantial expects ESPN Bet has the edge over BetMGM, but says both sportsbooks remain tightly contested for a larger slice of market share. ESPN Bet has been running promotions that include $150 of free bets and $1,000 deposit match upon signing up, according to JPMorgan analyst Joseph Greff.

Persons: Jeff Stantial, Bank of America's Shaun Kelley, You've, Stantial, Joseph Greff, Greff, Walt Disney, Barstool, FactSet, JPMorgan's Greff, Bet365, Clark Lampen, Lampen Organizations: DraftKings, Penn Entertainment, ESPN Bet, MGM Resorts International, Baltimore Ravens, Kansas City Chiefs, San Francisco 49ers, Detroit Lions, New York Stock Exchange, NCAA, Bank of America's, Euronext Dublin, BetMGM, ESPN Bet's, Professional, Amateur Sports Protection, ESPN BET, ESPN, Walt, Barstool Sports, Sportico, Penn, MGM Locations: U.S, North Carolina, Ireland, WynnBet, BetMGM, PENN, York

☆ A former US Air Force officer spent $11 million searching for Amelia Earhart's long-lost plane — and may have found it
▼ + stars: | 2024-01-28 | by ( Katherine Tangalakis-Lippert | Rebecca Rommen | ) www.businessinsider.com time to read: +8 min

Amelia Earhart, 40, stands next to a Lockheed Electra 10E, before her last flight in 1937 from Oakland, California. Amelia Earhart took off from the airport in her £10,000 Flying Laboratory for Honolulu on the first leg of her round-the-world flight. A map of where Earhart's plane is believed to have gone missing along her presumed flight path. Romeo and his company, Deep Sea Vision, discovered an object of similar size and shape to Amelia Earhart's iconic plane, deep in the Pacific Ocean. Advertisement"It's very deep water, and the area that she could've possibly been in is huge," Tom Dettweiler, a sonar expert, told The Journal.

Persons: —, Amelia Earhart, Tony Romeo, Fred Noonan, Romeo, I've, Dorothy Cochrane, Andrew Pietruszka, he's, Amelia Earhart's, we've, there'll, it'll, Earhart's, Tom Dettweiler, Earhart, Cochrane, I'm Organizations: Service, US Air Force, Business, Lockheed, AP, Kongsberg, Street Journal, Laboratory, Smithsonian Institution's, Air and Space Museum, Scripps Institution of Oceanography, Smithsonian, dateline Locations: Oakland , California, Norwegian, Tarawa, Kiribati, Honolulu, Howland, Honolulu , Hawaii

☆ Wall Street analysts touted 5 portfolio stocks this week. Here’s our call on each name
▼ + stars: | 2024-01-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

In turn, Wall Street analysts made a slew of bullish calls on five of our portfolio names — all of which report earnings next week SBUX YTD mountain Starbucks (SBUX) year-to-date performance Wall Street's call: Wells Fargo forecasted an improved backdrop for Starbucks. Although the stock's been a portfolio laggard, we're bullish on management's plans to progressively expand margins in the years to come. MSFT YTD mountain Microsoft (MSFT) performance year-to-date Wall Street's call: Morgan Stanley boosted Microsoft's price target to $450 per share from $415, citing the company's strength from generative artificial intelligence efforts. Analysts issued a slew of downbeat calls at the start of 2024, causing the stock to sell off. AMZN YTD mountain Amazon (AMZN) year-to-date performance Wall Street call: Jefferies said Amazon stock has even more room to run after a great 2023.

Persons: Wells Fargo, we're, Morgan Stanley, Goldman Sachs, refreshes, Jefferies, AMZN, Twitch, they're, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones, Wall Street, Club, Microsoft, Big Tech, Bank of America's, Apple, Analysts, MGM Studios, Management, Bank of America, CNBC, Traders, New York Stock Exchange Locations: Fargo, China, Tuesday's, Copilot, F1Q24E, Thursday's, New York City, U.S

☆ 'You are now living through Tech Bubble 2.0': A 32-year market vet warns stocks are doomed to suffer substantial losses with valuations at historic highs and the economy on the verge of recession
▼ + stars: | 2024-01-27 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

"For those of you younger than us who did not live through the Tech Bubble of the late 1990s, you are now living through Tech Bubble 2.0. As a reminder, the NASDAQ fell about 80% when that bubble burst in the mild recession of the early 2000s," Wolfenbarger said. AdvertisementThere is evidence that backs up Wolfenbarger's bubble claims, starting with fairly standard valuation measures like the Shiller cyclically-adjusted price-to-earnings ratio. While it's not as high as it was during the dot-com bubble, it's higher than it was in 1929 — and is at one of its most elevated levels in history. Bank of AmericaAs for what will finally deflate the bubble, Wolfenbarger is expecting a recession to hit the US economy.

Persons: —, Microsoft —, Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, it's, America's Michael Hartnett, Louis Fed Wolfenbarger, Jeremy Grantham, Adam Karr, Orbis Investment Management Karr, It's Organizations: Service, Apple, Nvidia, Microsoft, Business, JPMorgan, ClearBridge, Tech, NASDAQ, ClearBridge Investments Bank, America's, Bank of America, Bank of America's Global, Institute for Supply Management's Manufacturing, Orbis Investment Management, Global Fund, Federal Reserve Locations: Japan

"It's important to be an educated and prepared borrower," Bank of America's Matthew Vernon told Business Insider. Having strong credit and getting prequalified are important to your homebuying process, he said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Home affordability is more than the mortgage payment. It's important to look into the true cost of homeownership for any home that you're interested in buying.

Persons: Bank of America's Matthew Vernon, —, Matthew Vernon, Vernon, You've Organizations: Bank of America's, Business, Service, Bank of America Locations: Vernon

The firm named the stock a top pick for 2024 and reiterated an overweight rating alongside a $105 per share price target. The firm downgraded the health insurance stock to neutral from buy, and lowered its price target to $370 per share from $530. Sur reiterated an underweight rating on Intel stock alongside a $37 per share price target, or more than 25% downside moving forward. Deutsche Bank's Ross Seymour reiterated a hold rating on the stock as well as a $42 per share price target, implying about 15% downside. Analysts Benjamin Black upgraded the Snapchat parent company to buy from hold and raised his price target to $19 from $10.

Persons: Oppenheimer, Wells, Timur Braziler, — Brian Evans, AJ Rice, Brian Evans, Piper Sandler downgrades, Bancorp Piper Sandler, Piper Sandler's, Scott Siefers, Harlan Sur, Sur, America's Vivek Arya, Arya, Deutsche Bank's Ross Seymour, Seymour, Owen Lau, Lau, Coinbase, Analysts Benjamin Black, Black, Fred Imbert Organizations: CNBC, Deutsche Bank, UBS downgrades Humana, UBS, Humana, Piper Sandler downgrades U.S, Bancorp, U.S . Bancorp, Intel, . Bank, America's, GM, Deutsche, U.S . Securities, Exchange Commission, Analysts Locations: Wells Fargo, Puerto Rican, ., Coinbase, Thursday's, China

☆ China is ramping up stimulus to boost market confidence — but is it enough?
▼ + stars: | 2024-01-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Starting Feb. 5, the People's Bank of China will allow banks to hold smaller cash reserves, central bank governor Pan Gongsheng said at a press conference, his first in the role. Cutting the reserve requirement ratio (RRR) by 50 basis points is set to release 1 trillion yuan ($139.8 billion) in long-term capital, the central bank said. A 2 trillion yuan boost? Chinese Premier Li Qiang on Monday called for much stronger measures to boost market stability and confidence, according to an official readout. Chinese authorities in October already announced the issuance of 1 trillion yuan in government bonds, alongside a rare increase in the deficit.

Persons: Gongsheng, Pan Gongsheng, Tao Wang, Ting Lu, a, Lu, Wang, Stocks, Winnie Wu, That's, Li Qiang, Pan, Philip Yin, David Chao, Pan's Organizations: People's Bank of China, State Administration of Foreign Exchange, Financial, Getty, Visual China, People's Bank of, UBS Investment Bank, Wednesday, National Financial Regulatory Administration, UBS, Bank of America's, Bloomberg, PBOC, Citi, U.S, Asia Pacific, CNBC Locations: BEIJING, CHINA, Beijing, China, People's Bank of China, Asia, Hong Kong, capitulating, Japan, Invesco

☆ China needs to convince investors what will be the next growth driver after property: BofA
▼ + stars: | 2024-01-25 | 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 EmailChina needs to convince investors what will be the next growth driver after property: BofAWinnie Wu, Bank of America's chief China equity strategist, says questions will have to be raised about whether such a driver will be big enough to boost employment and gross domestic product growth.

Persons: Winnie Wu Organizations: China, Bank of America's Locations: China

☆ TikTok's Lunden and Olivia Stallings are straight people's favorite lesbian couple. What do they owe queer fans?
▼ + stars: | 2024-01-25 | by ( Kate Taylor | ) www.businessinsider.com time to read: +29 min

Lunden and Olivia told me their mission as influencers was to "represent and inspire others to be their authentic self." Advertisement"I did feel represented by them," Asia said, but the tweets "showed me that they are still white women." "We are especially confident in our sexuality and the way that we feel and who we are," Olivia told me. Lunden and Olivia told me they want to advocate for all LGBTQ+ people, including those who don't look like them. It's a chance, the couple told me, to combat the hate and negativity LGBTQ+ parents face.

Persons: Lunden Stallings, Olivia Bennett, Monique Lhuillier, Lunden, Taylor Swift, Stallings, David Yurman, preppy, Olivia, TikTok, Kendrick Brinson, who's, you've, Madison Mathews, sunnies, peck, they'd, Brooklynites, Remington, Zeta Tau, Olivia DMed Lunden —, Justin Bieber, snapbacks, haven't, Lunden's, Ellie Goulding's, Olivia couldn't, Caroline Bayne, Lunden's TikTok, Zara, Mercedes, Sophie, It's, Jackie J, Jackie, There's, Bud Light, Dylan Mulvaney, influencers, They've, KenzKustomz, Krysten Stein, Black influencers, Stein, Hill, millennials Organizations: Naylor, People, Business, Alabama, Chevrolet, New York Post, Daily Mail, Madison, University of Central, Jacksonville State University, Zeta Tau Alpha, University of Alabama's, University, Minnesota, BI, Braves, Rover, Pride, Nielsen, Saks, University of Illinois Locations: Roswell , Georgia, Asia, Olivia, Charleston, LoveShackFancy, Powder Springs , Georgia, Atlanta, Blytheville , Arkansas, University of Central Arkansas, Alabama, Roswell, Austin, RushTok, Alpharetta, Charleston , South Carolina, Southern, Publix, Fayetteville , Arkansas, University of Illinois Chicago

☆ Bank of America, KraneShares strategists discuss impact of PBOC easing
▼ + stars: | 2024-01-25 | 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 EmailBank of America and KraneShares strategists discuss the impact of China's PBOC easing on its marketsWinnie Wu, Bank of America's chief China equity strategist, says recent policy measures to stabilize the stock market help put a floor "to stop some of this capitulation," but a "fundamental turnaround" will be needed if investors are to return to the Chinese market.

Persons: Wu Organizations: Email Bank of America, Bank of America's Locations: China

☆ Eli Lilly's Zepbound is off to a strong start, but here's what needs to happen to push shares higher
▼ + stars: | 2024-01-24 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +8 min

Lilly's Mounjaro and Zepbound both use tirzepatide as an active ingredient, but Mounjaro is indicated for type 2 diabetes, while Zepbound aids weight loss. A rich valuation LLY 1Y mountain Eli Lilly shares over the past year. But even good news about Zepbound's launch might not be enough to propel Lilly's stock higher. Goldman's Shibutani has a neutral rating on Lilly shares and a price targe of $600, which implies shares could fall nearly 5% from they started the week. He has a buy rating on Lilly shares, and expects the stock could hit $700 over the next 12 months.

Persons: Eli Lilly's, Lilly, Goldman Sachs, Chris Shibutani, IQVIA, Shibutani, Lilly's, Mounjaro, Eli Lilly, Geoff Meacham, NASH, Meacham, there's, Morgan Stanley, Terence Flynn, Flynn, Morgan Stanley's, Michael Bloom Organizations: Food and Drug Administration, Zepbound, Novo Nordisk's, Medicare, Bank of America, Novo Nordisk, Bank of, FDA, CNBC Locations: Indianapolis, Mounjaro

☆ How chaos in the Red Sea is putting the U.S. Navy to the test
▼ + stars: | 2024-01-24 | by ( Brad Howard | In | ) www.cnbc.com time to read: +3 min

The U.S. Navy is encountering a tenacious threat in the Red Sea. "That's one of the things [that] the Red Sea sort of demonstrates ... we never know where the maritime threat might come up," said Bradley Martin, a senior policy researcher at Rand, in an interview with CNBC. As the U.S. encounters attacks by armed drones, cruise missiles, anti-ship ballistic missiles and other weapon systems in the Red Sea, the data gleaned from these encounters could prove invaluable in the Indo-Pacific region. China's rocket troops can potentially field thousands of missiles that can reach across wide swaths of the Pacific. That means the U.S. could be facing overwhelming odds in intercepting any mass missile attack against American ships and bases.

Persons: Bradley Martin, Rand, Steve Wills, Tom Shugart, Brad Bowman Organizations: U.S . Navy, CNBC, Navy, Aegis, Center for Maritime, Army Rocket Force, PLA, Center, New, New American Security, Military, Foundation for Defense of Democracies Locations: Red, Iran, U.S, New American, United States, China

☆ Art dealer George Bergès detailed terms of Hunter Biden deals to House committees
▼ + stars: | 2024-01-23 | by ( Katherine Doyle | ) www.cnbc.com time to read: +5 min

Bergès said that there was never any conversation with his buyers about political favors from the president or White House. It also counters statements by the White House that Hunter Biden does not know the identity of his collectors. The press secretary later clarified that it was not the White House itself that helped create the arrangement. Hunter Biden last week pleaded not guilty to nine tax-related charges, including three felony counts, related to his business dealings between 2016 and 2020. Bergès said another buyer known to Hunter Biden was Elizabeth Hirsh Naftali, a prominent Democratic donor who received a White House appointment last year.

Persons: Hunter Biden, George Bergès, Bergès, Joe Biden, Biden White, Biden's, Hunter, Kevin Morris, Morris, James Comer, Elizabeth Hirsh Naftali, Abigail Eden, Hirsh Naftali, Hirsh Naftali's, White, Nancy Pelosi's, — Ryan Nobles Organizations: NBC News, Republicans, White, White House, Hunter, U.S . Commission, America's

☆ 8 buy-rated stocks set to surprise investors with strong Q4 earnings and potentially large returns, according to Bank of America
▼ + stars: | 2024-01-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

The second week of January rang in the fourth-quarter earnings season, and Wall Street's expectations are positive but not super-bullish. For sector-specific details, analysts at Bank of America note that online advertising is expected to see an uptick, and software is expected to outperform. All told, earnings season remains an opportune time to buy single stocks that beat expectations and get rewarded. The average performance dispersion between S&P 500 stocks rises in tandem with the number of companies reporting earnings on any given day, Bank of America found. Below is the list of eight buy-rated stocks Bank of America says are most likely to beat expectations.

Persons: Savita Subramanian, they'll, Tesla Organizations: Business, Bank, America, America's, Nvidia, Microsoft, Apple, Bank of America

☆ Corporate America's loyalty problem is on display in Big Tech
▼ + stars: | 2024-01-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how there's no more loyalty in corporate America between employers and their workers. Business Insider's Aki Ito, who has covered workplace trends better than anyone, dove into the deterioration of loyalty in corporate America. The best example of the deterioration of loyalty in corporate America these days is in Big Tech. AdvertisementOne year later, Big Tech's layoffs are back and could become the new normal, Business Insider's Peter Kafka writes. However, the best representation of the growing employee-employer chasm in Big Tech is at Google.

Persons: —, hustleharder, Insider's Aki Ito, they're, Insider's Peter Kafka, Kali Hays, BI's Eugene Kim, Ashley Stewart, Long, Sundar Pichai, BI's Hasan Chowdhury, Brian Moynihan, Moynihan, Laura Labovich, Asher, Emerson, Bill O'Leary, there's, Frederic J . Brown, haven't, Christian Dior, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb Organizations: Service, Big, Workers, Amazon MGM Studios, Big Tech, Google, OsakaWayne, Investment, New, Bank of America's, Fed, Washington, Getty, Meta, OpenAI Mafia, Shoppers, Spotify, Couture, United Airlines, The, Business Locations: America, Big Tech, Big, Bethesda, That's, Paris, New York, San Diego, London

☆ Wall Street opposition to Trump collapses, as 'pipe dream' of primary defeat ends
▼ + stars: | 2024-01-22 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

"A lot of people on Wall Street have been living in this pipe dream of Trump not getting the nomination. "It's painful for me to admit this, but Wall Street is basically nonchalant to this election," longtime Wall Street executive and former Trump communications director Anthony Scaramucci said in a recent interview with The Hill. An outside effort "will not work against Trump," one of DeSantis' Wall Street fundraisers said. "The next question is, 'will Wall Street work to stop him in the general by supporting Biden?'" In 2020, Wall Street executives combined to donate over $74 million to helping Biden defeat Trump.

Persons: Donald Trump, Jamie Dimon, Andrew Harrer, Joe Biden, Trump, Biden, Anthony Scaramucci, Jeffrey Sonnenfeld, Sonnenfeld, Wall, Ron DeSantis, Nikki Haley, DeSantis, Donald Trump , Jr, Woody Johnson, Haley, Trump's, Ken Langone, Langone, Marco Bello, Jeffrey Yass, Charles Myers, Dimon Organizations: JPMorgan Chase &, White, Bloomberg, Getty, Republican, Wall Street, Democratic, Trump, Yale School of Management, Florida Gov, U.N, Street, Jets, Biden, New, Granite State, Big Apple, CNBC, Financial Times, U.S, United, Reuters, Republicans, Susquehanna International Group, JPMorgan, NATO, Economic Locations: Washington, Wall, New Hampshire, South Carolina, Iowa, New York, Granite, West Des Moines , Iowa, U.S, Yass, China

☆ DeSantis might be the worst presidential candidate in recent memory
▼ + stars: | 2024-01-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Ron DeSantis ended his presidential campaign on Sunday, succumbing to the final realization of defeat in a candidacy that once held such promise. And yes, it was then-President Donald Trump whose endorsement powered DeSantis to that very general election in the first place. After pundits point out this a bold strategy for a historic swing state, DeSantis pulls off a historic reelection rout. Just like DeSantis, Walker ended up being doomed by the sheer rate at which his campaign burned through contributions. But in this reality, a week ago DeSantis lashed out at "worthless" Republicans who back Trump.

Persons: —, Mickey Mouse, Ron DeSantis, DeSantis, Trump, Tallahassee Mayor Andrew Gillum, Donald Trump, Rudy Giuliani, Scott Walker, Kamala Harris, Joe Biden, America's, Giuliani, Walker's, Walker, Iowans Organizations: Service, Florida Gov, Business, Biden White, Tallahassee Mayor, Democratic Party, Trump, Street Journal, Wisconsin Gov, Giuliani, Republican, Wisconsin Republican, Republicans Locations: Florida, Trump, America, Iowa, Wisconsin, DeSantis

☆ 7 stocks ready to rally by 118% to 288%, according to Wall Street's top analysts as compiled by a financial data firm
▼ + stars: | 2024-01-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

If you're looking at this year's economic outlook to inform your investing decisions, you may want to rethink that strategy. Investors like Bryant VanCronkhite, a senior portfolio manager at Allspring , agree that the environment is ripe for active management. The days of overpriced equities that benefited from low interest rates will soon hit a brick wall. One option is to take a cue from Wall Street's top analysts — and TipRanks, a financial data firm, has analyzed reams of data to compile useful lists. Below is a set of seven mid-cap stocks that analysts have given "strong buy" ratings with high upside.

Persons: It's, Long, Goldman Sachs, Jean Boivin, Bryant, — Organizations: Business, Bank of, BlackRock Investment Institute, Allspring, NYSE, Nasdaq

The energy sector is under pressure, but some stocks within the space are poised for an upside breakout. These names are cheap, are expected to rise more than 10% to their average price targets and are trading below where they have been historically. Upside to average price target of more than 10%. The U.S-listed shares, which are trading 5% below their 200-day moving average, have a forward price-to-earnings ratio of 8.6. It's set to surge 26% to its average price target and is trading at a forward P/E of just 7.6.

Persons: Baker Hughes, It's, Bank of America's Christopher Kuplent, Kuplent, underperformed, Murray Auchincloss, Auchincloss, Bernard Looney Organizations: Energy, APA, CNBC, Equinor ASA, Bank of America's, BP Locations: China, Norwegian, U.S, 2Q23

☆ What Wall Street bosses from Goldman Sachs to JPMorgan are saying about the jobs outlook for 2024 in investment banking, wealth management, and more
▼ + stars: | 2024-01-16 | by ( Emmalyse Brownstein | Alex Morrell | Reed Alexander | ) www.businessinsider.com time to read: +11 min

Last year, banks opened 2023 by forecasting layoffs, including for the investment bankers who suddenly had nothing to do following the pandemic-era M&A and IPO boom. Citigroup kicked off 2024 ominously, warning that it will lay off as many as 20,000 employees by 2026. The bank expects 2024 expenses to increase further to total $90 billion, up $2.8 billion from 2023, and much of that will be focused on hiring. CFO Barnum on Friday said the bank is gearing up for a "rebound in the investment banking wallet." Headcount declined 3% to 80,006 from 82,427, while compensation expenses rose to $24.5 billion from $23 billion.

Persons: It's, it's, Jane Fraser, Jeremy Barnum, JPMorgan Chase Jamie Dimon, JPMorgan Chase, Alex Wroblewski, JPMorgan's headcount, Barnum, Friday, Patrick T, Fallon, —, Fraser, Q, Goldman Sachs Goldman Sachs, David Solomon, BRENDAN MCDERMID, Goldman Sachs, Denis Coleman, Coleman, Goldman, Bank of America Brian Moynihan, Robert Galbraith, headcount, BofA, Alastair Borthwick, execs, they've, Brian Moynihan, Wells Fargo Charles Scharf, Lucy Nicholson Wells Fargo, Michael Santomassimo, Charlie Scharf, Santomassimo, BlackRock Larry Fink, Fink, Kapito, Morgan Stanley Ted Pick, Morgan Stanley, Jeenah, Headcount, Morgan, Ted Pick, Sharon Yeshaya, Blackstone Steven Schwarzman, Blackstone, Gonzalo Fuentes Organizations: Business, Citigroup, JPMorgan, Citi, BlackRock, Blackstone, Getty, AlphaSense, Citigroup Citigroup, Bank of America, REUTERS, Robert, Robert Galbraith Bank of America's, Reuters, AP BlackRock, Global Infrastructure Partners Locations: Wall, headcount, Wells Fargo

Ambassador Nikki Haley failed last month to mention slavery as the root cause of the Civil War. “Let me be clear, for those who don’t seem to know: Slavery was the cause of the Civil War,” he said. Chris Christie, who suspended his campaign on Wednesday, referenced the Civil War with a word of caution to Republican voters. The last time they were that relevant was the Civil War — which we know was caused by slavery,” Christie said. The intra-party jabs echo a broader debate over the legacy of the Civil War for policymaking today.

Persons: Ron DeSantis, Nikki Haley, Donald Trump, “, ”, Jeff Kaufmann, Joe Biden’s, Biden, Kamala Harris, DeSantis, Kaufmann, Abraham Lincoln, Paul Peterson, Peterson, Haley, Carolina Sen, Tim Scott, —, Chris Christie, Benjamin Franklin, Christie, ” “ Benjamin Franklin’s, ” Christie, Eric Foner, Geoff Kabaservice, Kabaservice, ” Foner, ____ Matt Brown Organizations: WASHINGTON, —, Republicans, Florida Gov, GOP, Party of, Reconstruction, ” Iowa Republican, Republican, Mother Emanuel AME Church, Florida Republicans, Iowa GOP, Republican Party, Education, Harvard University, Democrats, Trump, Former New Jersey Gov, Columbia University, Niskanen, AP Locations: Florida, Party of Lincoln, Iowa, Charleston , South Carolina, Carolina, “, America, American

☆ The Trump Voters in Swing States Who Are Returning to the Fold
▼ + stars: | 2024-01-13 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +11 min

To try to understand his enduring appeal, Reuters spoke to five Trump supporters in five general election battleground states: Nevada, Georgia, Arizona, Pennsylvania, and Michigan. Trump currently leads Democratic President Joe Biden in several swing state general election polls, suggesting he will be highly competitive in a likely re-match next November. None are full-blown "election deniers" backing Trump's false claims that he, and not Biden, won the 2020 election. The second issue that swung Ruiz back behind Trump was the multiple criminal charges against him. Johnson likes Trump's tough stance on migration, and believes Trump will slow the crossings and deport as many migrants as feasibly possible.

Persons: Tim Reid, Nathan Layne, James Oliphant, Donald Trump, Trump, Joe Biden, Florida Governor Ron DeSantis, Biden, Adolf Hitler, MARK LIPP, Mark Lipp, Ron DeSantis, Lipp, DeSantis, CAMILLA MOORE, Trump's, Camilla Moore, Moore, who's, Fani Willis, Barack Obama's, CARLOS RUIZ, ARIZONA Carlos Ruiz, Ruiz, MEGAN CHUDEREWICZ, ADAMS, PENNSYLVANIA Megan Chuderewicz, Adams, shutdowns, Anthony Fauci, RANDY JOHNSON, Randy Johnson, Johnson, isn't, he's, Press Johnson, Ross Colvin, Suzanne Goldenberg Organizations: Reuters, Republican, U.S, Capitol, Trump, Democratic, Florida Governor, Palestinian, CITY, Georgia Black Republican Council, Fulton, Georgia Republican, Republicans, Chuderewicz, Plum Borough School District, Press, U.S . Capitol Locations: Nevada , Georgia, Arizona , Pennsylvania, Michigan, Iowa, Haiti, Nazi, NEVADA, Florida, Las Vegas, Ukraine, United States, Bronx, Israeli, China, Israel, Gaza, GEORGIA, Georgia, Atlanta, Fulton County, ARIZONA, Tucson, Mexico, PENNSYLVANIA, Pittsburgh, Pennsylvania, TOWNSHIP, MICHIGAN, Adams Township, Johnson, U.S

☆ The 7 cheapest places to live in beautiful, tranquil Montana, one of the country's fastest-growing states
▼ + stars: | 2024-01-11 | by ( Dan Latu | Zoe Rosenberg | ) www.businessinsider.com time to read: +1 min

Montana, known for its stunning natural beauty, is one of the US' fastest-growing states. People who move to Montana in search of tranquility may also find that life can be less expensive. Data analytics site Niche ranked the most affordable places to live in the Big Sky state. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Montana realtor Airika Lakkala, who's based in the southwestern mining hub of Butte, said a "sense of tranquility" draws newcomers to the Big Sky state.

Persons: —, clamoring, Airika Lakkala Organizations: US, Big Sky, Service Locations: Montana, Norway, Japan, Butte

☆ There's a hidden crisis hurting mid-sized companies
▼ + stars: | 2024-01-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Many large public companies successfully navigated the pandemic and ended up larger and wealthier. Marblegate Asset Management then compared these findings to public companies in the Russell 3000 index — the broadest measure of American public companies. The firm's analysis found that EBITDA fell over 24% for middle-market companies between 2019 and 2022, whereas EBITDA grew 18% at large public companies. EBITDA margins fell 25% during the time period for middle-market companies, while it only declined 2% for public companies. Whereas large public companies can charge more for increases in raw material and labor costs, middle-market companies on the whole struggled to pass on these costs to customers.

Persons: —, RapidRatings, amortization, EBITDA, Axios Organizations: Service, Business, Marblegate Asset Management, Marblegate, Management

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