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☆ Nvidia is 'printing money at this point.' What investors are doing after the chipmaker's earnings blowout
▼ + stars: | 2024-02-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The chipmaker surged 16% on Thursday after posting robust earnings and guidance , contributing to the stock's 59% year-to-date run as investors feast on artificial intelligence stocks. NVDA 1Y mountain Nvidia shares over the last year Nvidia's impressive stock run brings its valuation to elevated levels. That's left some analysts questioning whether earnings upside is already priced in to shares as others wonder how long this astonishing growth cycle can last. Those worries eased after the chipmaker offered its first set of blockbuster earnings numbers, cementing its formidable AI position. NVDA 5D mountain Nvidia shares this past week "It gives me confidence that this story lasts much longer," Harvest's Meeks said.

Persons: That's, Hua Cheng, heightening, Paul Meeks, Ken Mahoney, Greg Bassuk, Nvidia's, Goldman Sachs, Hari, Bernstein's Stacy Rasgon, Jensen Huang, Harvest's Meeks, Tim Arcuri, Cheng of Mirova, Huang Organizations: Nvidia, Portfolio Management, AXS Investments, UBS Locations: Mirova, Charleston , South Carolina

☆ Chip analysts boost Nvidia price targets in race to catch up to chipmaker's relentless 'joyride'
▼ + stars: | 2024-02-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

That led several Wall Street banks to hike their price targets to account for the unrelenting demand. Bernstein and other Wall Street shops raced to catch up with Nvidia's share price, hiking their price targets in reaction to nonstop demand and the company's enormous total addressable market. Rasgon's new target was the equivalent of 48% upside from Wednesday's close, while the average price target according to FactSet implied more than 22% upside. Bank of America's Vivek Arya also lifted his Nvidia price target to $925 per share, equal to about 37% upside. JPMorgan analyst Harlan Sur boosted his price target to $850 to reflect strong data center growth and future product launches.

Persons: Bernstein's Stacy Rasgon, Bernstein, America's Vivek Arya, Harlan Sur, allaying, Sur, Goldman Sachs, Toshiya Hari, Morgan Stanley's Joseph Moore, Moore, Deutsche Bank's Ross Seymore, Seymore, Timothy Arcuri, Arcuri, — CNBC's Michael Bloom Organizations: Nvidia, Bank, America's, JPMorgan, Deutsche, UBS Locations: CY24

☆ Nvidia is still the cheapest of all the 'AI stocks', says Bernstein's Stacy Rasgon
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia is still the cheapest of all the 'AI stocks', says Bernstein's Stacy RasgonRitholtz’s Josh Brown, Requisite’s Bryn Talkington and Bernstein’s Stacy Rasgon, join 'Closing Bell' to discuss Nvidia ahead of earnings, the drop in shares of Palo Alto and their market outlooks.

Persons: Bernstein's Stacy Rasgon Ritholtz’s Josh Brown, Requisite’s Bryn, Bernstein’s Stacy Rasgon Organizations: Nvidia, Palo Locations: Palo Alto

☆ Watch CNBC’s 'Closing Bell' panel discuss Nvidia ahead of earnings
▼ + stars: | 2024-02-21 | 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 EmailWatch CNBC’s 'Closing Bell' panel discuss Nvidia ahead of earningsRitholtz’s Josh Brown, Requisite’s Bryn Talkington and Bernstein’s Stacy Rasgon, join 'Closing Bell' to discuss Nvidia ahead of earnings, the drop in shares of Palo Alto and their market outlooks.

Persons: Josh Brown, Requisite’s Bryn, Bernstein’s Stacy Rasgon Organizations: Nvidia, Palo Locations: Palo Alto

☆ NBA All-Star Game: Record point total in controversial as the East defeats the West, 211-186
▼ + stars: | 2024-02-19 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

“We found out and went after it.”This year’s All-Star Game also saw the return of the traditional East vs. West format. The East was led by 39 points from Lillard, who capped off a highly successful weekend by being named All-Star Game MVP, after retaining his title in the Three-Point Contest earlier on Sunday. Some of his makes during the showcase game were from well beyond the arc. The All-Star Game is a showcase above all, but the wild point totals and lackadaisical defensive efforts have started to frustrate viewers. “Hopefully, as years go on, [the All-Star Game] gets back to being what the fans wanna see … I guess guys are trying to figure out how to play hard and be safe at the same time,” Brown said postgame.

Persons: CNN —, LeBron James, Steph Curry, Giannis Antetokounmpo, Nikola Jokić, Kevin Durant, Damian Lillard, “, Leonard, ”, Star Durant, Jaylen Brown, Tyrese Haliburton, Stacy Revere, Karl, Anthony Towns, Shai Gilgeous, Alexander –, –, — shannon sharpe, Elam, Mychal Thompson, Klay Thompson, Adam Silver, ” Brown, Durant, Silver Organizations: CNN, Eastern Conference, Western, NBA, Milwaukee Bucks, Boston Celtics, Indiana Pacers, Kobe Bryant All, Getty Images Minnesota Timberwolves, Oklahoma City Thunder, Defense, Golden State Warriors, Eastern Locations: Lillard, @ShannonSharpe

☆ MoviePass had its first profitable year ever in 2023, its CEO says
▼ + stars: | 2024-02-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

MoviePass turned profitable for the first time in 2023, CEO Stacy Spikes told Business Insider. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But after relaunching in 2022, the service ran a profit for the first time in its history in 2023, company cofounder and CEO Stacy Spikes told Business Insider exclusively. This story is available exclusively to Business Insider subscribers.

Persons: MoviePass, Stacy Spikes, Spikes, — Organizations: Service, Business

☆ Nvidia's earnings numbers will continue to go up, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-02-13 | 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 EmailNvidia's earnings numbers will continue to go up, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research senior analyst, joins 'Squawk on the Street' to discuss what Nvidia has to do to continue its upward trajectory, what could be new business for Nvidia, and more.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon Organizations: Bernstein Research, Nvidia

☆ He Grew Up in the Shadow of the ‘Wolf of Wall Street.’ Then He Got Into Debt Settlement.
▼ + stars: | 2024-02-10 | by ( Stacy Cowley | Emma Goldberg | ) www.nytimes.com time to read: +1 min

In the early 1980s, 19-year-old Jordan Belfort — who would go on to become known as the Wolf of Wall Street, a title he bestowed on himself in a tell-all memoir — had a fortuitous encounter on Jones Beach, on Long Island, with another teenager selling ice cream named Stephen Drescher. The two became friends. Prosecutors would later note their shared hustling spirit, a drive for entrepreneurialism that curdled into a drive for grift. Within a few years, Mr. Belfort started building a pump-and-dump stock-scam empire. Mr. Drescher went down not long after, convicted of securities fraud and sent to federal prison for nearly four years.

Persons: Jordan Belfort —, —, Stephen Drescher, Belfort, Drescher, Martin, Mr Organizations: Prosecutors Locations: Jones, Long, Martin Scorsese’s

☆ Do you have a joint account? Here’s what that says about your relationship
▼ + stars: | 2024-02-09 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Of those who have at least a joint account, only 12% said financial issues caused problems with their partner, compared to 15% of those who don't have a shared account. Further, 58% of those who share at least one bank account said they stayed together after a financial argument, compared to only 47% of those who don't have a shared account. "If you want your marriage and relationship to survive, at least get a joint account," said Stacy Francis, a certified financial planner and president and CEO of Francis Financial in New York. While most experts recommend some variation of having "yours, mine and ours," completely combining finances is steadily becoming less common. According to a recent report by Bankrate, 39% of couples who are married or living together completely combine their finances, while 38% have a mix of joint and separate accounts and 24% keep finances completely separate.

Persons: Stacy Francis, Bankrate Organizations: LendingTree, Francis Financial, Finance Locations: New York

☆ Skate Under the Brooklyn Bridge (Or Just Take Photos)
▼ + stars: | 2024-02-04 | by ( Stacy Y. China | ) www.nytimes.com time to read: 1 min

Everybody at a skating rink smiles. The couples (there are always couples) holding hands out of affection and a desire to stay vertical. Skaters determined to stay on their feet were grinning and laughing recently on a new patch of ice in New York City. Glide, a pop-up skating rink at Brooklyn Bridge Park, brings a different vibe to the New York skating scene. While its older and more experienced cousin, the Rink at Rockefeller Center, is the bona fide see-and-be-seen destination in the city, Glide is across the river.

Organizations: Brooklyn, Rink, Rockefeller Center Locations: New York City, New York

☆ Marcelo Claure and Paul Judge bought SoftBank's diversity fund. Now they're trying to raise $200 million for it.
▼ + stars: | 2024-02-01 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +6 min

Read previewFormer SoftBank executive Marcelo Claure and serial entrepreneur and investor Paul Judge are in the throes of raising a new $200 million fund. The past year has been transitional for the fund since Claure and Judge bought the $100 million fund from SoftBank. Since then, there haven't been any new investments, but the two are poised to capitalize on the success of the first fund and are raising the second Open Opportunity Fund. He said that limited partners' interest has been positive overall since the Open Opportunity Fund's first fund has had so much success. AdvertisementJudge said that he expects the first Open Opportunity Fund to continue to deliver "top quartile" returns to its investors over the next five to seven years.

Persons: —, Marcelo Claure, Paul Judge, It's, Claure, haven't, SoftBank —, I've, Judge, George Floyd's, Masayoshi, Shu Nyatta, Stacy Brown, what's Organizations: Service, Business, Opportunity Fund, Opportunity, Fund, Mastercard, Vista Equity Partners, Ventures, Sprint, Bicycle Capital, TechCrunch Locations: SoftBank, Atlanta, America

AUGUSTA, Maine (AP) — An independent commission investigating events leading up to the deadliest mass shooting in Maine history is ready to hear the heart-wrenching stories from some of the family members of victims on Thursday. Seven family members were expected to publicly address the panel, putting a human face on their sorrow and suffering. The governor isn’t waiting for the commission to wrap up its work to begin making policy changes to prevent such tragedies in the future. The commission is chaired by Daniel Wathen, former chief justice of the Maine Supreme Judicial Court. Other members include former U.S. Attorney Paula Silsby and Debra Baeder, the former chief forensic psychologist for the state.

Persons: Kathleen Walker, Stacy Cyr, Jason Walker, Michael Deslauriers, Elizabeth Seal, Joshua, Megan Vozzella, Steve, Janet Mills, Aaron Frey, Robert Card, Card, isn’t, Daniel Wathen, Paula Silsby, Debra Baeder Organizations: Army, Democratic Gov, Army Reserve, U.S Locations: AUGUSTA, Maine, Lewiston, West Point , New York

☆ It's Nvidia's game to lose and it's not losing, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's Nvidia's game to lose and it's not losing, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein chip analyst, joins 'Closing Bell' to discuss AMD ahead of its earnings and the hype around AI in the semiconductor sector.

Persons: it's, Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein Organizations: AMD

☆ Opinion | The Promises and Problems of Buying Local
▼ + stars: | 2024-01-29 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

You can crisscross North Dakota from Fargo to Bismarck to Minot and never see a Walgreens, Rite-Aid or Walmart pharmacy. With narrow exceptions, a 1963 state law prohibits drugstores that aren’t majority-owned by a pharmacist. (CVS Health, whose predecessor company was already in the state in 1963, is grandfathered in.) It has withstood multiple challenges in court, repeal efforts in the stage Legislative Assembly, and even a statewide ballot initiative. North Dakota, by the way, also has a public bank and a state-owned flour mill, both founded shortly after World War I, so it’s kind of different.

Persons: Stacy Mitchell Organizations: Rite, Aid, Walmart, CVS Health, Institute for Local, Reliance Locations: Dakota, Fargo, Bismarck, Minot, Portland , Maine, North Dakota

☆ Workers are paying to get part of their paychecks early. It's 'payday lending on steroids,' one expert says
▼ + stars: | 2024-01-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +12 min

Fotostorm | E+ | Getty ImagesMillions of American workers are paying for early access to their paychecks. So-called "earned wage access" programs, which operate either directly to the consumer or through employers, let workers tap a portion of their wages before payday, often for a fee. Earned wage access has gotten more popularEarned wage access goes by various names: daily pay, instant pay, accrued wage access, same-day pay and on-demand pay, for example. "It's another version of payday loans," Monica Burks, policy counsel at the Center for Responsible Lending, a consumer advocacy group, said of earned wage access. However, a recent study by the U.S. Government Accountability Office found that earned wage access products "generally cost less than typical costs associated with payday loans."

Persons: it's, Marshall Lux, Lux, hasn't, Cherie Chung, EarnIn, MoneyLion, Monica Burks, —, Thad Peterson, There's, EWA, Peterson, Harvard's, we're, Stacy Greiner, Dave, Ben LaRocco, Miranda Margowsky, Margowsky, Atif Siddiqi, Siddiqi, Safwan Shah, Shah, doesn't, Harvard's Chung Organizations: Harvard University, Finance, Harvard Kennedy School, Lux, Harvard, Hilton, Uber, Walmart, Companies, Center for, California Department of Financial Protection, Center for Responsible, U.S, Government, Office, GAO, Datos, Commerce, Economic, Financial Technology Association Locations: Kroger, McDonald's, California, Vermont

Losing the U.S. Open final last September gave her the extra motivation. In the semifinals, she avenged her U.S. Open final loss to No. “For the second time, it’s just such a relief.”Only two things slowed down Sabalenka's progress Saturday to her second Grand Slam singles title. In the third game of the second set, with Zheng serving, the match was interrupted after an activist started yelling out. Then, when she was serving for the match, Sabalenka had three championship points at 40-0 but missed two with unforced forehands errors and another with Zheng's clever drop shot.

Persons: Sabalenka, Zheng Qinwen, Elena Rybakina, “, it’s, don’t, Zheng, Coco Gauff, Barbora Krejcikova, Amanda Anisimova, “ I’m, ” Sabalenka, ”, Serena Williams, Jason Stacy, Stacy, Li Na, ” Zheng Organizations: —, U.S, U.S ., Victoria Azarenka Locations: MELBOURNE, Australia, Melbourne, New York

☆ Kevin O’Connell: Meet the NFL head coach who preaches the importance of love
▼ + stars: | 2024-01-26 | by ( Poppy Harlow | Callum Sutherland | ) edition.cnn.com time to read: +5 min

CNN —While the NFL playoffs near their finale with this weekend’s conference championship games, one person who won’t be involved is Minnesota Vikings head coach Kevin O’Connell. KO: When you build things the right way and people trust you, they know you’re going to be the same guy every day. They know you’re going to hold them accountable… and it might be one of our captains pulling a younger player aside. KO: I think that’s the best way to empower this whole organization, to build leaders upon leaders and empower them. PH: Is it right to say that this is a team you’re trying to lead with love and empathy?

Persons: Kevin O’Connell, NFL –, Poppy Harlow, O’Connell, Tom Brady, What’s, …, Bill Belichick, Sean McVay, –, you’re, that’s, O'Connell, Jim Rogash, you’ve, ’, You’ve, Stacy Bengs, he’d, there’s Organizations: CNN, NFL, Minnesota Vikings, O’Connell’s Vikings, National Football League, Patriots, New England, Los Angeles Rams, FBI Locations: England, New

☆ Edward E. Crutchfield, 82, Banker Whose Deals Reshaped the Industry, Dies
▼ + stars: | 2024-01-25 | by ( Stacy Cowley | ) www.nytimes.com time to read: +1 min

His death was confirmed by his son, Elliott Crutchfield, who said his father had dementia. When Mr. Crutchfield graduated from business school in 1965, he took a job as a credit analyst at First Union bank in Charlotte, N.C. It was the lowest-paying job he was offered but he thought he could move up faster at a smaller bank. He sensed opportunity, he told his family and colleagues, at the bank and in the region. The decision empowered Mr. Crutchfield, by then his bank’s chairman and chief executive, to gobble up rival banks and failed thrifts, transforming First Union into a super-regional bank with thousands of branches throughout the Southeast.

Persons: Edward E, Crutchfield, Eddie ”, Elliott Crutchfield, hunches, ” Organizations: Charlotte, First Union, Union, New York Times Locations: North Carolina, Vero Beach, Fla, Charlotte, N.C, “

☆ These Trump supporters show why the former president is dominating the race
▼ + stars: | 2024-01-24 | by ( Arit John | ) edition.cnn.com time to read: +7 min

Rochester, New Hampshire CNN —Bonnie Cote never considered voting for anyone other than former President Donald Trump. Despite months of campaigning and millions spent on ads, mailers and door knocking in the Granite State, some Trump supporters said they were unfamiliar with Haley. “Everybody came out for Trump, Trump, Trump… so, why not go for Trump?”Kirwin said she thought Trump was “a little crazy” and his found his personality “awful,” but she also recalled watching him in the first 2016 general election debate against Hillary Clinton. “And make no mistake, we will restore our national pride.”It’s an argument that has worked on some former Trump voters. Even if she trailed Trump with delegates, she thought the party needed a viable alternative to Trump.

Persons: Bonnie Cote, Donald Trump, Trump, Ron DeSantis, Nikki Haley, ”, “, aren’t, Haley, Adrienne Kirwin, Carolina Sen, Tim Scott, DeSantis, “ Everybody, ” Kirwin, Hillary Clinton, ’ ”, Raymond Kirwin, ” Christy Piper, “ It’s, ” Piper, Haley ratcheted, Vivek Ramaswamy, Nancy Pelosi, Joe, Mike Condor, Biden, Laura, Mira, John McCain, Mitt Romney, Robert Stacy, –, Ted Cruz, ” Stacy Organizations: Rochester , New Hampshire CNN, ”, ” Florida Gov, South Carolina Gov, Trump, Cote, New, GOP, Scott, Biden, Republican, Senate, Trump voters Locations: Rochester , New Hampshire, Granite State, ” Florida, New Hampshire, Iowa, Derry, Carolina, Dover, Rochester, Nashua, Concord, “, Trump’s

☆ AMD's AI narrative overshadowed last years' misses, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAMD's AI narrative overshadowed last years' misses, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein, joins 'Fast Money' to talk the recent tech run and its impact on the AI and semiconductor sector.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein

☆ Psychedelics, darkness retreats and ‘Pat McAfee Show’: How Aaron Rodgers became a divisive figure – while barely playing
▼ + stars: | 2024-01-18 | by ( Ben Morse | ) edition.cnn.com time to read: +12 min

“I do not believe at all that he’s divisive in the Jets locker room and within their own building. While on the field he’s on a Hall of Fame trajectory, some of Rodgers’ behavior away from the sport shows a different side to the man. As Rodgers ran onto the field, carrying an American flag and with AC/DC’s ‘Thunderstruck’ booming out, Jets fans went wild. Rodgers’ arrival in New York during the offseason had looked like a masterstroke, on and off the field for the Jets franchise. But after missing out on nearly the whole season through injury, Rodgers’ season-ending media conference last week ended with him stressing winning.

Persons: Aaron Rodgers, psychedelics –, Jimmy Kimmel, he’d, Nancy Armour, Rodgers, Pat McAfee, McAfee, Kimmel, Jeffrey Epstein’s, Kimmel doesn’t, Epstein, Joe Douglas, Hymie Elhai, Christopher Johnson, Woody Johnson, Robert Saleh, Elsa, ESPN’s Rich Cimini, ” Cimini, “, ”, – Rodgers, –, Vince Lombardi, Brian Snyder, it’s, ’ ” Rodgers, ” Rodgers, Anthony Fauci, psychedelics, Cimini, Rodgers ’, Stacy Revere, I’ve, ender, doesn’t, ” Kimmel, …, Michael Jordan, Tom Brady, Pat McAfee’s, Achilles, ’, Jemele Hill, Getty, wouldn’t, Bill Parcells, Bill Belichick Organizations: CNN, USA, Rodgers, Jets, CNN Sport, “, of Fame, Packers, NFL, Pittsburgh Steelers, Reuters, White, FDA, CDC, ESPN, Carolina Panthers, Lambeau, Getty, MetLife, Buffalo Bills Locations: New York, Arlington , Texas, East

☆ Why Calvin Klein ads still get people talking
▼ + stars: | 2024-01-18 | by ( Joan Kennedy | ) edition.cnn.com time to read: +9 min

The strategy was classic Calvin Klein, a brand which has been synonymous with sexy, conversation-starting campaigns since the 1970s. From Calvin KleinBut the White ads were just the start of the headlines for Calvin Klein. Adorning a New York City phonebooth, Mark Wahlberg is seen in a 1992 Calvin Klein campaign. Meanwhile, no one besides the ASA seems to be admonishing Calvin Klein over the FKA Twigs ads. For Calvin Klein, both sets of ads are an example of that old adage — there’s no such thing as bad publicity.

Persons: CNN —, Jeremy Allen White’s, Calvin Klein, —, Calvin, White, Bottega, Kendall Jenner, FKA, “, Milan Jaros, Kate Moss, Brooke Shields, innuendos, Mark Wahlberg, Eva Mendes, ”, Matt Kissane, Landor, Calvin Klein’s, Moss, Wahlberg, Marky Mark ”, Justin Bieber’s, Justin Bieber's Calvin Klein, Stacy Walsh Rosenstock, he’s, popstar Rosalía, Amy Kommatas, Jenner, Hadid, Allen Adamson, Alas, Adamson, Henry McGee, Launchmetrics, Jeremy Allen White, “ They’ve Organizations: The, Fashion, CNN, Authority, Standards Agency, Standards Authority, ASA, Bloomberg, Getty, Hulu, Business, US Justice Department Locations: SoHo, Prague, Czech Republic, Zara, York's, Los Angeles, New York City

☆ Nvidia's product roadmap is evolving, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-01-17 | 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 EmailNvidia's product roadmap is evolving, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein senior analyst, joins 'Squawk on the Street' to discuss what's happening with AMD's stock right now, if other tech companies are closing the gap to Nvidia, and more.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein Organizations: Nvidia

☆ Consumer Bureau Proposes Overdraft Fee Limits for Large Banks
▼ + stars: | 2024-01-17 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: 1 min

The Consumer Financial Protection Bureau on Wednesday proposed a rule that would sharply limit overdraft charges at America’s largest banks and credit unions, a change that the agency estimated could save households up to $3.5 billion a year in fees. The proposal, which must go through a comment period and would not take effect until at least late 2025, aims to end the $35 overdraft fee that has become the standard at many banks. The bureau’s rule would give banks a few options for setting a lower fee. They could charge a break-even fee — based on the individual bank’s own costs — or a benchmark fee determined by the bureau. Alternatively, the banks could treat overdrafts as a line of credit and provide the disclosures required by the Truth in Lending Act, including interest rates.

Organizations: Consumer Financial Locations: America’s

TAIPEI, Taiwan (AP) — Ruling-party candidate Lai Ching-te emerged victorious in Taiwan’s presidential election on Saturday, a result that will determine the trajectory of the self-ruled democracy’s contentious relations with China over the next four years. Beijing strongly opposes Lai, the current vice president who abandoned his medical career to pursue politics from the grassroots to the presidency. It's the first time a single party has led Taiwan for three consecutive four-year presidential terms since the first open presidential election in 1996. Its candidate, Hou Yu-ih, also had promised to restart talks with China while bolstering national defense. Evelyn Ni traveled from China especially to get a taste of Taiwan’s election.

Persons: Lai Ching, Lai, Tsai Ing, Hou Yu, Hou, “, I’m, David Chiau, Ko Wen, Ko, Chen Binhua, Beijing wouldn't, ” Chen, Antony Blinken, ” Blinken, Evelyn Ni, Tony Chen, ”, Xi Jinping, Stacy Chen, Gabrielle Reid, Sung Organizations: Democratic, Nationalist, KMT, ih, Taiwan People’s Party, DPP, Cabinet's Taiwan Affairs Office, Biden, Associated Press Locations: TAIPEI, Taiwan, China, Beijing, Japanese, United States, Taipei, Russia, Ukraine, South China

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