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☆ Zimbabwe: Outrage as Mnangagwa appoints son second-in-command over treasury after disputed polls
▼ + stars: | 2023-09-13 | by ( Nimi Princewill | ) edition.cnn.com time to read: +3 min

CNN —Zimbabwe’s recently re-elected President Emmerson Mnangagwa is facing outrage after appointing his son as deputy minister to the country’s finance ministry. Mnangagwa’s 34-year-old son, David, was among 26 officials sworn in as cabinet ministers Tuesday despite public anger when the list of the nominees was made public on Monday. In his expanded cabinet, Mnangagwa’s son is to deputize finance minister Mthuli Ncube while his nephew, Tongai, would serve as deputy minister in the country’s tourism ministry. Some Zimbabweans have accused Mnangagwa of running the impoverished southern African country as “a family business.”“Slowly Zimbabwe is becoming a family business. The opposition CCC party, which placed second in last month’s disputed polls, also criticized the ministerial list which included a couple, Christopher and Monica Mutsvangwa, both associates of President Mnangagwa, as ministers.

Persons: CNN — Zimbabwe’s, Emmerson Mnangagwa, David, Mnangagwa’s, Mthuli Ncube, Tongai, ”, Mugano, “ It’s, Ncube, ” Mugano, David Mnangagwa, Nick Mangwana, “, ” Mangwana, Christopher, Monica Mutsvangwa, Mnangagwa Organizations: CNN, University of Zimbabwe, Business Administration, Drake University, CCC Locations: Zimbabwe, Harare, doldrums, United States

☆ Why Does Duke Have So Few Low-Income Students?
▼ + stars: | 2023-09-07 | by ( David Leonhardt | Graphics Ashley Wu | ) www.nytimes.com time to read: +31 min

Duke students, she thought, seemed more well rounded than students on some other campuses. I think it was me being a little bit naïve.” Other Duke students who identify as F.G.L.I. At Duke — as well as elite colleges that admit more low-income students — their graduation rate tends to be similar to the overall graduation rate. Over the past decade, as other elite colleges paid more attention to low-income students, they wooed some who once might have attended Duke. “Duke students are really oriented to the world,” she said.

Persons: Ben Denzer, Perkins, Duke, ” Juliana Alfonso, DeSouza, ”, Stephany Perez, Sanchez, University of Chicago —, Pell, Duke Duke, Melinda French Gates, Adam Silver, ” Gary Bennett, Grant, Bates, Brown, Pell Grant, ” Bennett, we’re, Ithaka, Yale Conn, —, Juliana Alfonso, Juliana, Duke Rice, Austin U.N.C, “, Karen Dong, ” Dong, ” Randi Jennings, Dong, Duke’s F.G.L.I, Duke —, ” Jennings, Randi, Jennings, Alfonso, David M, Rubenstein, “ It’s, ” Alfonso, Colleges don’t, Bennett, Caroline Hoxby, Christopher Avery, Louis, Holden Thorp, ” Thorp, Ron Daniels, Johns Hopkins, ” Daniels, Catharine Bond Hill, Thorp, Hopkins, Michael Bloomberg, Johns, “ Duke Organizations: Duke University, Perkins, Ivy League, Stanford, Massachusetts Institute of Technology, University of Chicago, Harvard, Yale, Princeton, Columbia, Pell Grants, Duke, Pell Grants Harvard, Penn, Cornell, Dartmouth, Brown, Chicago, U.S . News, Colleges, Midwest, California Institute of Technology, Notre Dame, Bucknell, Georgia Tech, Oberlin, Reed, Tufts, Tulane, Wake, Universities, Wall Street Journal, University of California, University of South, College, Princeton N.J, Pomona Calif, Dartmouth N.H, Stanford Calif, Caltech Calif, Amherst Mass, Grinnell Iowa, Claremont McKenna, Vanderbilt, Opportunity, Elite, Spurs, Texas North, Southern Methodist University, Davidson, California Massachusetts, Stanford Harvard, Berkeley UMass Amherst, Amherst College Pomona, University of Texas, parka, Mardi Gras, Daily, West Union, LIFE, Uber, ” Colleges, Washington University, Hopkins, Vassar College, Johns Hopkins, University of Michigan, University of Virginia, University Locations: San Antonio, South Carolina, M.I.T, United States, Durham, N.C, Georgetown, Georgia, California, San Diego, U.C.L.A, University of South Dakota, University of South Florida, America, Middlebury, Northwestern, Pomona, Swarthmore, Harvard, Texas North Carolina, Texas, Canada, Myrtle Beach, Dallas, China, New Orleans, Irish, Camden , N.J, “, St, Johns Hopkins, Wash

☆ Winnie the Pooh sketch found in drawer could sell for $38,000
▼ + stars: | 2023-08-24 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

London CNN —An original black and white sketch of Winnie the Pooh and his good friend Piglet which languished for decades in a drawer is expected to fetch thousands when it goes under the hammer next month. According to Dominic Winter Auctioneers, which is handling the sale, the pen and ink drawing is the same as one of the final illustrations in A.A. Milne’s first book about Winnie the Pooh, published in 1926. The picture, the same as the final drawing in the first Winnie the Pooh book, languished for years in a drawer. In a press release issued by the auctioneers, Albury said the sketch is “more valuable than the majority of books on proud display in the fine [Christopher Foyle] library” – which are also available to buy. Christina Foyle was Christopher Foyle’s aunt, and daughter of bookshop founder William Foyle.

Persons: Winnie, Pooh, Piglet, Dominic Winter Auctioneers, Milne’s, E.H, Shepard, Christopher Foyle, William Foyle, Dominic Winter, Chris Albury, Christopher Foyle’s, Catherine –, ”, “, Albury, it’s, Christina Foyle’s “, Christina Foyle, ” Albury, Christopher Organizations: London CNN, CNN, Disney, Albury Locations: A.A, British, Albury

☆ Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.
▼ + stars: | 2023-08-21 | by ( Nicole Einbinder | Dakin Campbell | ) www.businessinsider.com time to read: +63 min

The nurse practitioner on duty that day was employed by Corizon Health, Inc., one of the nation's largest private prison healthcare providers. Under federal law, a bankruptcy judge may respond to evidence of self-dealing or perjury by appointing a trustee to take control of the bankrupt company, bankruptcy experts told Insider. Just six months before the Garcia family was scheduled to have their day in court, Corizon filed for bankruptcy. "The Corizon bankruptcy is presently in a court ordered mediation, and we are seeking a global resolution for all the parties involved." Goldberger's attorney, Joseph Haspel, responded to queries with a statement saying that "Mr. Goldberger is a passive investor" in Corizon, Tehum, YesCare, Perigrove, and Perigrove 1018.

Persons: Hector Garcia, Garcia, wriggling, Adria Malcom, Corizon, Bryan Baker, —, Doña Ana, Corizon ., Garcia's, Daniel Jimenez, Gina Macias, Belen Lowery, Hector Garcia , Jr, it's, Johnson, Tehum, Sen, Elizabeth Warren, I've, Isaac Lefkowitz, James Hyman, YesCare, Lefkowitz, Ian Cross, Lynn LoPucki, Tracey Grissom, William Kelly, Kelly, Hector Garcia Jr, Hector Jr, Ricky, he'd, Hector Garcia's, Ana County , New Mexico Hector Jr, Matt Coyte, Coyte, Hyman, didn't, Sara Tirschwell, Kholood, Tirschwell, Jason S, Ana County, Nick Tomecek, Christopher Atkinson, Wendy McGee, McGee, Stephanie Kiger, Anita Skipper, Atkinson, He's, Simche Steinberger, England, Steinberger's, Steinberger, Michael Flacks, Sylvia Jarrus, Cross, he's, David Gefner, Abraham Goldberger, Gefner, Perigrove, Terrence A, they'd, Oved, Goldberger, CHS Dana Anna, Flacks, Moneyman, Joel Landau, Joseph Haspel, Haspel, Andrew Levander, Landau, James Hyman's, It's, Genesis, David Harrington, Bill de Blasio, there'd, Hindenburg, David Paterson, Mark Roe, availing, Dick Durbin, Gefner . Lefkowitz, Tirschwell —, Davidson Kempner, Tim Hunter, Tirschwell's, catastrophically, Tirschwell's playbook, Jeff Sholey, Sholey, Steven Storch, Daniel's Organizations: Detention, Insider, Corizon Health, Inc, Housing, University of Missouri Health Care, Arizona Department of Corrections, Rehabilitation, Senate Banking Committee, Court, Middle, University of Florida, Alabama, futon, Health Services, New, Arizona, BlueMountain Capital Management, Flacks, Revenue, Corizon, New York Times, Tehum Care Services, CHS, YesCare Holdings, Okaloosa, Wyoming Department of Corrections, University of West, YesCare, Public, Alabama Department of Corrections, . Alabama Department of Corrections, Tehum, US, University of Missouri, LinkedIn, Flacks Group, Consulate Health Care, Justice Department, YesCare Corp, United Staffing Solutions, Charlotte, CHS Okaloosa, United, Solutions, Pharmacorr, Trade Center, Securities and Exchange Commission, Hindenburg Research, Alabama Department, Corrections, Geneva Consulting, Genesis Healthcare, Trade, Geneva, New York Stock Exchange, Pinta Capital Partners, The, Pinta Capital, New York Gov, Staffing Solutions, DG Realty, Harvard Law School, ACLU, Public Justice, Lawyers, Seven Trade, World Trade, Gefner, Southern, Southern District of Texas, The Alabama Department of Corrections, Southern Poverty Law Center, Medicare, Services, Quest Turnaround Advisors, New York City, Republican, city's Campaign Finance, CFB, Campaign Finance, Finance Locations: Ana, Las Cruces , New Mexico, facility's, Doña, Jimenez's, Las Cruces, Houston, New, Rockland County, Texas, Middle District, Tennessee, Michigan, Virginia, New York, Oregon, Idaho, New Mexico, Ana County , New Mexico, Corizon, Florida, New York City, A, York, Nashville, Missouri, Brentwood , Tennessee, Delaware, Okaloosa, Florida's panhandle, Okaloosa County, Okaloosa County , Florida, University of West Florida, YesCare, Wyoming, Shawnee County , Kansas, Bernalillo County , New Mexico, Tehum, Perigrove, Suffern, Brooklyn, America, Manhattan, Suffern , New York, Geneva, nonpayment, United States, Rivington, Alabama, Southern District, Wexford, Maine, Corizon's Texas, Mexico, Tirschwell's, YesCare Corp

Interest in “Rich Men North of Richmond,” which was streamed 17.5 million times on services like Spotify and Apple Music in its first week of release, partly grew in the manner of a typical viral track, according to the service Luminate, whose data fuels the Billboard charts. Much of the consumer activity that drove the track to No. 1 came via 99-cent digital downloads from outlets like the iTunes Store — an outdated format that is declining in popularity faster than CDs. Despite streaming now accounting for more than 80 percent of music consumption overall, paid downloads are weighted more on the charts, a quirk exploited regularly by pop superfans devoted to acts like Ms. In often coordinated efforts, they use downloads to show support and earn chart milestones that are celebrated like wins in sports or political elections.

Persons: Jason Aldean, “, Anthony, Christopher Anthony Lunsford, —, Oliver Anthony, ”, Mr, Walsh —, superfans, Swift Organizations: Country Music Television, North, Apple Music, Daily, Korean, BTS Locations: Tennessee, Rich, Richmond, ”

☆ 'Rich Men North of Richmond': A virtually unknown conservative singer just rocketed to the top of the charts
▼ + stars: | 2023-08-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —The right-wing media universe is maturing — and finding great success — beyond typical news commentary. That’s quite a feat, considering singer Christopher Anthony Lunsford was virtually unknown just weeks ago. It’s also illustrative of the power amassed by right-wing media forces, taking unknown quantities and churning them out into overnight blockbuster hits, a weaponized cudgel against perceived enemies in mainstream institutions. And, while he is a well known country singer, Jason Aldean’s widely criticized “Try That In a Small Town” was not much of a commercial success until it was boosted by right-wing media to the top of the Billboard charts. As conservatives increasingly see legacy media companies and performers as not only disagreeable, but outright evil, it makes sense that they would look toward outsiders to fill their entertainment needs.

Persons: Oliver Anthony Music’s, “, Christopher Anthony Lunsford, Lunsford, Taylor Swift, Morgan Wallen, Olivia Rodrigo, Miley Cyrus, It’s, Donald Trump, Tom Cruise, Jason Aldean’s Organizations: CNN, North, Billboard, Fox News, Trump, Daily, Disney Locations: Richmond, Washington

☆ August Monthly Meeting: Cramer rejects the 'false dichotomy'
▼ + stars: | 2023-08-17 | by ( Christopher Alessi | ) www.cnbc.com time to read: 1 min

August Monthly Meeting: Cramer rejects the 'false dichotomy' of a soft-or-hard landingJim and Club Director of Portfolio Analysis Jeff Marks hold our latest Monthly Meeting livestream to help members get a handle on the crosscurrents behind this month's pause in the robust 2023 rally.

Persons: Cramer, Jeff Marks

☆ How Oliver Anthony’s ‘Rich Men North of Richmond’ became a chart-topping conservative anthem
▼ + stars: | 2023-08-17 | by ( Scottie Andrew | ) edition.cnn.com time to read: +10 min

CNN —In a matter of days, Oliver Anthony’s working-class anthem, “Rich Men North of Richmond,” has gone from viral sensation to legitimate country hit. “Rich Men North of Richmond” touches upon Anthony’s time as a factory worker in Western North Carolina, he said in the video shared before the song was posted online. Conservative media personality Jason Howerton said he has offered to pay to produce Anthony’s record and that Rich had agreed to produce it. (A representative for Rich told CNN on Wednesday that there “isn’t much to report on” about Anthony and Rich working together. Anthony's song has been compared to Aldean's for their rural perspectives and embrace by conservatives.

Persons: Oliver Anthony’s, “ Rich, ”, dethroning Luke Combs, Jason Aldean, Marjorie Taylor Greene, Matt Walsh, Anthony, he’s, “, …, ” Anthony, That’s what’s, Oliver Anthony, Richmond ”, Christopher Anthony Lunsford, Jeffrey Epstein, Epstein, RadioWV, it’s, Kari Lake, Lauren Boebert, ” It’s, Travis Tritt, John Rich of, Jason Howerton, Rich, Jason Aldean's, parlayed, “ Don’t, “ Oliver Anthony’s, Phil, Dolly Parton, Johnny Cash, Loretta Lynn, Anthony’s, Uncle Sam’s, Merle Haggard’s “, Guy Drake’s “, Cadillac ”, ain’t Organizations: CNN, North, Apple, iTunes, US Rep, YouTube, Richmond, Virgin Islands, Arizona, John Rich of Big, Rich, Conservative, Records, Facebook Locations: Richmond, ”, Virginia, Appalachia, Western North Carolina, Washington , DC, Virgin, Currituck , North Carolina, America

Two Navy sailors in Southern California were arrested and accused of providing military secrets and sensitive information to Chinese intelligence officers, according to a pair of federal indictments unsealed on Thursday. Jinchao Wei, known as Patrick Wei, 22, was charged with spying for the Chinese under the Espionage Act. As a machinist’s mate, investigators said, he had clearance that gave him access to sensitive national security information. Already, the extent of Chinese spying, including cyberbreaches, has prompted top national security officials to sound the alarm. director, Christopher A. Wray, warned, “There’s no country that presents a more significant threat to our innovation, our ideas our economic security, our national security than the Chinese government.”

Persons: Jinchao Wei, Patrick Wei, Wei, Wenheng Zhao, Thomas, Zhao, Christopher A, Wray, “, ” Organizations: Naval Base San, Pacific Fleet, Naval Base Locations: Southern California, Essex, Naval Base San Diego, Naval Base Ventura County, Port Hueneme, Pacific, China

uncovered at least part of the answer: It was the F.B.I. The deal for the surveillance tool between the contractor, Riva Networks, and NSO was completed in November 2021. This particular tool, known as Landmark, allowed government officials to track people in Mexico without their knowledge or consent. now says that it used the tool unwittingly and that Riva Networks misled the bureau. Once the agency discovered in late April that Riva had used the spying tool on its behalf, Christopher A. Wray, the F.B.I.

Persons: Biden, Riva, Christopher A, Wray Organizations: New York Times, NSO, U.S ., White, Riva Networks, Commerce Department Locations: Mexico

Christopher A. Wray, the F.B.I. Mr. Wray, who is appearing for the first time before the House Judiciary Committee since Republicans won the House, is likely girding for the worst. The committee, led by Representative Jim Jordan, Republican of Ohio, says it “will examine the politicization” of the F.B.I. under Mr. Wray and Attorney General Merrick B. Garland. That criticism was once trained on the bureau’s investigation into the Trump campaign’s ties to Russia during the 2016 election.

Persons: Christopher A, Wray, Donald J, Trump, Jim Jordan, General Merrick B, Garland, Stoked, Department’s, Hunter Biden Organizations: Republicans, Committee, Republican, Trump Locations: Ohio, Russia, Lago

☆ July Monthly Meeting: 'The plane is still flying,' Cramer says of the Fed's fight against inflation
▼ + stars: | 2023-07-12 | by ( Christopher Alessi | ) www.cnbc.com time to read: 1 min

July Monthly Meeting: 'The plane is still flying,' Cramer says of the Fed's fight against inflationAn incredible rally in tech stocks led to Nasdaq's best performance in 40 years. What's next? Will the Fed pull off the so-called soft landing many once thought impossible? Jim Cramer and Jeff Marks explain how they are positioning the portfolio ahead of a pivotal earnings season.

Persons: Cramer, What's, Jim Cramer, Jeff Marks

☆ Meta exec calls Apple Watch Ultra 'infuriating' because of accidental shutoffs
▼ + stars: | 2023-07-11 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Andrew Bosworth, Meta's CTO, shared his thoughts on the Apple Watch Ultra during his Instagram Q&A. The exec, who goes by Boz, said he's frustrated at how the watch keeps shutting off mid-workout. A Meta executive has some qualms with the Apple Watch Ultra, the iPhone maker's most advanced smart watch to-date. Andrew Bosworth, the chief technology officer of Meta, was asked to share his thoughts on Apple's smart watch during a Q&A he hosted on his Instagram. The $799 Apple Watch Ultra is the company's most advanced smart watch to-date.

Persons: Andrew Bosworth, Boz, he's, It's, Apple's, Bosworth, Apple, Christopher Allbritton, Allbritton, Antonio Villas, Boas, Song Organizations: Apple, Morning, Apple Watch, CNN

☆ Big relief for our two bank stocks, but new worries about Disney shares
▼ + stars: | 2023-06-29 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Watch WFC, MS Big U.S. banks — including Club holdings Wells Fargo (WFC) and Morgan Stanley (MS) — passed the Fed's annual stress test Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jeff Marks, Marks, Morgan Stanley, —, we've, Bob Iger's, Jim Cramer's, Jim Organizations: CNBC, Commerce Department, Labor Department, Federal Reserve, Treasury, Big, Wells, Silicon Valley Bank, Walt Disney Locations: U.S, Wells, Silicon

☆ How nano influencers on Instagram make money with under 10,000 followers
▼ + stars: | 2023-06-28 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

"Nano" influencers are generally defined as having fewer than 10,000 followers on Instagram. Here's how several creators earn money as nano influencers on Instagram and other platforms. Baiden, a skincare influencer who had 4,000 Instagram followers and 8,000 TikTok followers when Insider interviewed her in May, earns money as a full-time content creator. We spoke with half a dozen nano influencers about how they make money. Here's a comprehensive list of Insider's coverage of how nano influencers are building businesses:How much money 7 nano influencers charge for brand deals on Instagram:Examples of real media kits and DMs that 6 nano influencers use to pitch brands:

Persons: that's, Brand, Baiden, Izea, Read, Christopher Aumueller, influencers — Organizations: Insider, YouTube, Facebook, Twitter, NCAA Locations: Instagram

☆ Stocks rise on strong housing data, bolstering our newest Club holding
▼ + stars: | 2023-06-27 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. JPMorgan analysts slightly lowered their price target on Coterra stock to $31 per share from $33 — but that still represents a lot of upside from here. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wall, bode, Stanley Black, Decker, We're, Bernstein, Coterra, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Coterra Energy, Census Bureau, Citi, Coterra Energy JPMorgan, JPMorgan

☆ The market is still overbought, and Cramer is 'still in sell mode.' But that could change
▼ + stars: | 2023-06-20 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 'Still in sell mode' Stay bullish on Nvidia Watch Ford 1. 'Still in sell mode' Stocks started the holiday-shortened trading week under pressure Tuesday, even as technology companies continued to outperform. "I'm still in sell mode," he said. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Stocks, it's, I'm, Jerome Powell, Jim, NVDA, Ford Jim, Jim Farley, Farley, Jim Cramer's Organizations: CNBC, Nvidia Watch Ford, Nasdaq, Federal Reserve, Capitol, Nvidia Evercore ISI, Nvidia, Club, Ford Locations: Dearborn , Michigan

☆ June Monthly Meeting: The discipline of profit-taking should always prevail, Cramer says
▼ + stars: | 2023-06-14 | by ( Christopher Alessi | ) www.cnbc.com time to read: 1 min

June Monthly Meeting: The discipline of profit-taking should always prevail, Cramer saysWill the market rally broaden beyond the Magnificent Seven tech stocks? Are we out of the woods yet on inflation after a good CPI number? Jim Cramer and Jeff Marks look ahead to what's next for markets and what it all means for the Club's holdings.

Persons: Cramer, Will, Jim Cramer, Jeff Marks, what's

☆ Pension funds pushing into venture capital as big investors eye a return to tech
▼ + stars: | 2023-06-13 | 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 EmailPension funds pushing into venture capital as big investors eye a return to techCNBC's Deirdre Bosa sits down with Christopher Ailman, Calstrs CIO, join 'Power Lunch' to discuss pension funds being pushed into venture capitalists.

Persons: Deirdre Bosa, Christopher Ailman Organizations: Calstrs CIO

☆ 'Don't chase this equity rally': Wells Fargo strategist has a warning for investors ahead of Fed meeting
▼ + stars: | 2023-06-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

There's a risk that stocks will go downhill from here, according to Wells Fargo's Paul Christopher, as he warned investors not to chase the current rally. "Even if the Fed stays on hold next week, we don't think the Fed stays on hold for very long — inflation is just too sticky." Christopher added that he does not believe the Fed will cut rates this year. History shows the S & P 500 doesn't bottom until, on average, six months after the first Fed rate cut, Christopher said. The rally has been a narrow-focused one, however, with gains driven by just a few major tech stocks.

Persons: Wells Fargo's Paul Christopher, Paul Christopher, he's, CNBC's, Christopher Organizations: Wells, Investment Institute, U.S . Federal, CNBC, Nasdaq, Treasury Locations: U.S

☆ Comer Cancels Wray Contempt Vote as F.B.I. Agrees to Share Document
▼ + stars: | 2023-06-07 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

House Republicans late Wednesday canceled plans to begin contempt of Congress proceedings against Christopher A. Wray, the F.B.I. director, after the agency agreed to make available to all members of the Oversight Committee a document containing a years-old unsubstantiated allegation of bribery against President Biden. The decision was a rare dialing back of a concerted effort by House Republicans to target the federal law enforcement agency as they seek to push accusations of wrongdoing by Mr. Biden. Mr. Wray’s team allowed Representative James Comer, Republican of Kentucky and chairman of the Oversight Committee, and Representative Jamie Raskin of Maryland, the ranking Democrat, to view a redacted copy of the document in a secure area of the Capitol on Monday and briefed them on it for more than an hour. But the F.B.I.

Persons: Christopher A, Wray, Biden, Mr . Biden, Wray’s, James Comer, Jamie Raskin Organizations: Republicans, House Republicans, Republican, Maryland Locations: Kentucky

☆ Republicans, Escalating Attacks on F.B.I., Vow to Hold Director in Contempt
▼ + stars: | 2023-06-05 | by ( Luke Broadwater | Adam Goldman | ) www.nytimes.com time to read: +1 min

House Republicans said on Monday that they would move this week to hold the F.B.I. director, Christopher A. Wray, in contempt of Congress, escalating their attacks on the federal law enforcement agency as they grasp for evidence of wrongdoing by President Biden. Representative James R. Comer, the Kentucky Republican who is chairman of the Oversight Committee, made the announcement after summoning F.B.I. officials to Capitol Hill for a closed-door briefing on a document containing an unverified allegation of bribery against Mr. Biden when he was vice president. But Mr. Comer complained afterward that the agency, citing concern about protecting the identity of the informant, declined to allow other members of the committee to view it.

Persons: Christopher A, Wray, Biden, James R, Comer, F.B.I, Mr, Hunter Biden’s, “, Wray’s, Jamie Raskin Organizations: Republicans, Kentucky Republican, Capitol, Trump Justice Department, Maryland Locations: Ukraine

☆ US telecom companies say not in talks with Amazon for wireless services
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +3 min

June 2 (Reuters) - Major U.S. wireless carriers on Friday said they not in talks with Amazon.com Inc (AMZN.O) to offer low-cost wireless services to its Prime members. "AT&T is not in discussions with Amazon to resell wireless services," a company spokesperson said. Verizon spokesperson the company "is not in negotiations with Amazon regarding the resale of (Verizon's) wireless network. Brandon Nispel of KeyBanc Capital Markets said Dish Network, a relatively new entrant in wireless, could be the most likely partner for Amazon. They also rallied in May after a Wall Street Journal report that Dish was in talks to sell its wireless plans through Amazon.

Persons: Christopher Ali, Brandon Nispel, Michael Ashley Schulman, Yuvraj Malik, Aditya Soni, Tanya Jain, Akash Sriram, David Shepardson, Sheila Dang, Nivedita Bhattacharjee Organizations: Major U.S, Amazon.com Inc, Wireless, Bloomberg News, Amazon, Dish Network, Verizon, Mobile, Penn State University, AT, KeyBanc, Journal, U.S, Running, Capital Advisors, Thomson Locations: Major, Bengaluru, Washington, Dallas

☆ US telecom stocks fall on report Amazon in talks for wireless services
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a month or lower to Prime members through these partnerships. AT&T declined to comment, while T-Mobile said it was not in discussions with Amazon for inclusion of its wireless in Prime service. The details of the potential deals between Amazon and the wireless carriers were not immediately known. Dish's shares were an outlier in telecom stocks with a gain of 22%. The company's shares had also soared in May after a Wall Street Journal report that it was in talks to sell its wireless plans through Amazon.

Persons: Christopher Ali, Brandon Nispel, Yuvraj Malik, Tanya Jain, Akash Sriram, Aditya Soni, Sheila Dang, Nivedita Bhattacharjee Organizations: Verizon Communications Inc, Mobile US Inc, Inc, U.S, Bloomberg News, Amazon, Penn State University, Verizon, Mobile, KeyBanc, Markets, Dish Network Corp, Journal, Thomson Locations: Amazon, Bengaluru, Dallas

☆ Too far, too fast: These stocks may be due for a pullback after exceeding analyst price targets
▼ + stars: | 2023-05-29 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investors beware — a number of stocks have overshot analysts' price targets, and could be due for a pullback, according to CNBC Pro. Our screen found S & P 500 stocks with an implied downside of at least 3% after the shares exceeded their average price targets, according to FactSet data. In fact, Citi analyst Christopher Allen initiated coverage of the investment management firm this week with a sell rating, saying there's 9% downside, according to StreetAccount. Slightly more than half, or 57%, of analysts have a buy rating on the stock. Meanwhile, Lam Research also made the list, with just half of analysts recommending investors buy the semiconductor equipment maker.

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