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☆ Millennials aren't as rich as they were a year ago. Here's why.
▼ + stars: | 2023-06-28 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

The average millennial's net worth grew from $64,000 to $111,000 between the first quarter of 2020 and 2022. But just two years later, as of the first quarter of 2022, the average millennials' net worth surged to $111,000. As of the fourth quarter of last year — the most recent measure – millennials' average net worth had fallen to roughly $106,000. And what are the key factors that could impact millennials' wealth trajectory in the years to come? According to Ricketts, millennials' net worth has "plateaued" — rather than notably declined — over the past year.

Persons: —, Millennials, Matt Schulz, Schulz, Lowell Ricketts, Louis Fed, Ricketts, millennials, Gen Organizations: Service, Federal Reserve, St, Fed Locations: millennials

☆ Eurovision: The coronation may have passed off peacefully. But song contest could be a bigger headache
▼ + stars: | 2023-05-10 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

London CNN —Britain’s security services are quietly relieved that the coronation of King Charles III passed without major incident – save for some accusations of heavy-handed policing. On the face of it, the stakes associated with the grand final of the Eurovision Song Contest would not appear to be particularly high. For that reason, British security officials are more exercised than they might otherwise have been about a kitschy musical competition. “On one hand you have thousands of people enjoying the nightlife, which means potential of physical targets and organized crime. This year’s event is, at its heart, a partnership between the UK and Ukraine, two major thorns in the Kremlin’s side.

Florida lawmakers sent DeSantis a bill that would let him stay governor while running for president. "I don't think we have seen a six-month stretch that has ever been this productive in the history of our state," DeSantis said at the Florida Capitol in Tallahassee on Friday. Should DeSantis be successful in a presidential run, he would follow in the footsteps of Democrat Bill Clinton and Republican George W. Bush. Ron DeSantis speaks during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022. During a press conference in Panama City, Florida, on Thursday, DeSantis continued to play coy about his intentions.

April 28 (Reuters) - A federal judge in Denver on Friday rejected a Catholic medical center's bid to block Colorado from banning an unproven treatment meant to reverse the effects of a medication abortion drug. Medication abortion begins with the drug mifepristone, which blocks action of the hormone progesterone, crucial for sustaining pregnancy, and is completed with a second drug, misoprostol. Proponents of medication abortion reversal say that if a woman changes her mind after taking mifepristone but before taking misoprostol, the pregnancy can be continued by administering a high dose of progesterone. Mifepristone is the subject of a heated legal battle as anti-abortion groups seek to pull it from the market. Republican state legislatures have also taken steps to restrict access to the drug, while Democratic legislatures have sought to protect it.

☆ Disappointment for King Charles as first overseas visit as monarch is postponed
▼ + stars: | 2023-03-24 | by ( Michael Holden | ) www.reuters.com time to read: +4 min

LONDON, March 24 (Reuters) - King Charles' first state visit to France as British monarch, postponed on Friday because of widespread social unrest, was supposed to be an occasion celebrating a new chapter of harmony in relations between London and Paris. "The king and queen consort were of course very much looking forward to the visit," a Buckingham Palace source said. On the first state visits of his reign, the new monarch and his wife Camilla, the Queen Consort, were going first to France before heading on to Germany. Now it jars with the angry mood in France," Peter Ricketts, a former British ambassador to France, told Sky News. Both the palace and Macron said they looked forward to the postponed trip going ahead in the future when dates can be found.

☆ Insiders were stepping up and buying this week at these regional banks and niche financials
▼ + stars: | 2023-03-17 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The banking crisis drove regional bank stocks sharply lower this week, but many insiders took advantage of the turmoil to scoop up shares of their own institutions in what may prove a vote of confidence. Shares of regional banks slumped as the collapse of Silicon Valley Bank left investors worried that other regional banks might face similar balance sheet issues, a possible mismatch between long-dated assets and short-dated liabilities. Regional banks had regained some ground Thursday in anticipation of a group of 11 banks stepping in to First Republic by depositing $30 billion for at least 120 days . Charles Schwab Notably, Charles Schwab CEO Walt Bettinger bought 50,000 shares Tuesday, worth nearly $3 million, for his personal account. Valley National Bancorp Ira Robbins (CEO) bought 5,000 shares Wednesday Jennifer Steans (Director) bought 150,000 shares Tuesday Eric Edelstein (Director) bought 20,000 shares Tuesday Melissa Schultz (Director) bought 15,000 shares Tuesday Jeffrey Wilks (Director) bought 8,000 shares Tuesday Marc Lenner (Director) bought 5,000 shares Tuesday Suresh Sani (Director) bought 5,000 shares Tuesday Valley National Bancorp saw a rush of insider buying this week, including purchases by its CEO and several directors.

☆ Spirit sign 15-year-old Ricketts, youngest-ever contracted in NWSL
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +1 min

March 3 (Reuters) - Washington Spirit have signed 15-year-old Chloe Ricketts on a three-year deal, making the midfielder the youngest-ever player to have a National Women's Soccer League (NWSL) contract. "The vision and infrastructure of our club make this signing possible, and we are look forward to Chloe developing and becoming an important player and teammate for our team." Ricketts will continue her education virtually, as the Spirit look to bounce back from a disappointing 2022 that saw them finish 11th in the top-flight U.S. women's league. "The opportunity to join the Washington Spirit on a professional contract is a dream come true," said Ricketts. Reporting by Amy Tennery in New York Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ A Senate hearing on drug trafficking shows how meaningless the world 'cartel' has become
▼ + stars: | 2023-02-26 | by ( Steven Dudley | Insight Crime | ) www.businessinsider.com time to read: +12 min

During a recent Senate hearing on fentanyl trafficking, lawmakers and officials used the word "cartel" 90 times. InSight Crime analysisA Sinaloa Cartel leadership chart from November 2015 with "El Chapo" Guzmán and two of his sons, Ivan Archivaldo and Jesus Alfredo. The Sinaloa Cartel, for instance, has at least three major poles of power, each of which is controlled by different leaders. Sinaloa cartel chief Joaquin "El Chapo" Guzman arrives in New York after his extradition in January 2017. Milgram, for instance, pointed to the DEA's laser focus on the Sinaloa Cartel and the CJNG as the path to success.

☆ Carbon-Credit Raters Aim to Assess a Notoriously Opaque Market
▼ + stars: | 2023-02-07 | by ( Shane Shifflett | Dieter Holger | ) www.wsj.com time to read: +7 min

Carbon-credit-rating firms aim to give buyers confidence in assessing the unregulated market for carbon offsets, voluntary credits that can help companies fulfill their decarbonization promises. Traders, online marketplaces and corporate sustainability departments are typical customers for carbon-credit ratings, but companies increasingly encounter the scores through intermediaries selling the offsets. Sylvera Ltd., one of the carbon-credit raters, said that less than a third of projects aimed at preventing deforestation are high quality. The market for voluntary carbon credits topped $2 billion in 2022, according to publisher and researcher Ecosystem Marketplace. BeZero has fully rated around 280 projects, Calyx around 260, Sylvera around 115 and Renoster has fully reviewed nine.

☆ Pete Ricketts is sworn in as Nebraska's next senator
▼ + stars: | 2023-01-23 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

US VideosPete Ricketts is sworn in as Nebraska's next senatorPostedNebraska's former Republican Governor Pete Ricketts was sworn in on Monday (January 23) as the state's next U.S. senator by Vice President Kamala Harris, after being appointed to fill the seat left vacant by former Senator Ben Sasse.

☆ Former Nebraska Gov. Pete Ricketts to Fill Vacant U.S. Senate Seat
▼ + stars: | 2023-01-12 | by ( Shannon Najmabadi | ) www.wsj.com time to read: 1 min

Jim Pillen speaking in Lincoln, Neb., after the Nebraska gubernatorial election was called in his favor in November. Nebraska Gov. Jim Pillen on Thursday appointed his predecessor to fill the U.S. Senate seat vacated by Ben Sasse , a Republican who resigned earlier this month to become president of the University of Florida. Pete Ricketts , a Republican who served two terms as Nebraska’s governor, will hold the seat until a special election is held in 2024 in the solid conservative state. He would have to run again in 2026 to serve a full six-year term in the Senate.

☆ Nebraska Gov. Pillen appoints former Gov. Pete Ricketts as Ben Sasse's Senate replacement
▼ + stars: | 2023-01-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +5 min

Ricketts, a Republican like Pillen and Sasse, will serve two years ahead of a 2024 special Senate election. Sasse, a vocal critic of former President Donald Trump and his supporters, officially resigned from the Senate on Sunday. Pillen said Ricketts was tapped for Sasse’s seat after more than 100 people applied and nine were interviewed. Following Pillen’s remarks, Ricketts thanked the governor, saying he was proud to support his campaign, and also thanked Sasse for his service. A top political ally of Pillen, Ricketts endorsed Pillen to succeed him and was a favorite to replace Sasse.

☆ Former Nebraska Governor Ricketts to become U.S. senator
▼ + stars: | 2023-01-12 | by ( Katharine Jackson | ) www.reuters.com time to read: +1 min

WASHINGTON, Jan 12 (Reuters) - Nebraska's former Republican Governor Pete Ricketts is due to become a U.S. senator after being appointed on Thursday to fill the seat left vacant by Republican Senator Ben Sasse. In an anticipated move, Nebraska's Republican Governor Jim Pillen announced the appointment of his predecessor at the state Capitol on Thursday morning. Ricketts, 58, served two terms as Nebraska's governor, wrapping up his second term last week. The senator was one of seven Republican senators who voted to impeach then-president Donald Trump. Ricketts' appointment will not alter the balance of power in the Senate.

☆ One of the most powerful rich families in American politics just got their son in the Senate
▼ + stars: | 2023-01-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Ricketts' family owns the Chicago Cubs and has broadly supported conservative causes. Ricketts will replace former Republican Sen. Ben Sasse who left the chamber. Pete Ricketts will be joining the US Senate, an appointment that caps his political comeback and cements his family, which owns the Chicago Cubs, as one of the most powerful forces in American politics. Sen. Deb Fischer, a two-term Republican incumbent and loyal ally of Senate Minority Leader Mitch McConnell, is also up for reelection then too. Along with owning the Cubs, the Ricketts family has long been among the biggest funders of Republican campaigns.

☆ Republican Ben Sasse says he's 'sad' for 'needy and desperate' Trump in parting shot before leaving the Senate
▼ + stars: | 2023-01-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

GOP Sen. Ben Sasse offered a parting blow to Trump as the Nebraskan leaves Congress. Sasse, who is moving on to academia, said it's "sad" the former president is so "needy and desperate." The Nebraska Republican also praised Trump for appointing conservative judges. Sasse formally resigned from the Senate on Sunday to become the next president of the University of Florida. Ricketts ran unsuccessfully for the Senate in 2006, losing handily to then-Democratic Sen. Ben Nelson.

☆ Republican Sen. Ben Sasse officially steps down, opening up appointment to seat
▼ + stars: | 2023-01-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +3 min

Sen. Ben Sasse, R-Neb., an outspoken critic of former President Donald Trump, officially resigned from the Senate on Sunday as he prepares to step back into academia as president of the University of Florida. The state's previous governor, Republican Pete Ricketts, has said he would seek the appointment. The university’s Board of Trustees later approved Sasse as the school's next president despite vocal opposition from some faculty and students. Sasse frequently aired grievances with Trump as well as his supporters in the Republican Party. “Those lies had consequences, endangering the life of the vice president and bringing us dangerously close to a bloody constitutional crisis,” Sasse said at the time.

Another focus of the conference was “electability,” with many Republicans expressing increased interest in making sure that candidates who emerged from primaries were best positioned to win in November. Pete Ricketts, who just finished a term as RGA co-chair, suggested that the group could get more involved in primaries. The RGA did spend to defend incumbents facing primaries but now may consider spending in open races. “The idea that Trump would make an announcement yesterday — and I’ve been proven right, because it’s barely a story — it was just stupid,” he said. It’s clearly from a position of weakness, and for his own self-serving purposes, whatever they may be legal or otherwise.

☆ Republican Jim Pillen faces off against Democratic state Sen. Carol Blood in Nebraska's gubernatorial election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +3 min

Explore more race results below. Republican Jim Pillen is running against Democratic state Sen. Carol Blood in Nebraska's gubernatorial race. The race is pegged as "solid Republican." Prior to being elected to the state senate, Blood served two terms on the Bellevue City Council as the at-large representative. What experts sayThe race between Pillen and Blood is rated as "solid Republican" by Inside Elections, "solid Republican" by The Cook Political Report, and "safe Republican" by Sabato's Crystal Ball at the University of Virginia Center for Politics.

☆ Nebraska Initiative 432: Voters will decide if photo identification is required for future voting
▼ + stars: | 2022-11-06 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +2 min

Nebraska's Initiative 432 would establish a requirement for photo identification before voting. Opponents of the initiative argue that it would restrict Nebraskan voters. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA "yes" on Nebraska's Initiative 432 would require voters to present photo identification before voting. Ballot measure detailsInitiative 432, the Photo Voter Identification Initiative, aims to add an initiated amendment making photo identification a prerequisite for voting to Nebraska's Constitution. Opponents of the initiative argue that it would restrict Nebraskan voters.

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