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☆ Probability of a market bubble is fragmented, says MRB's Phillip Colmar
▼ + stars: | 2024-03-06 | 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 EmailProbability of a market bubble is fragmented, says MRB's Phillip ColmarPhillip Colmar, Managing Partner and Global Strategist at MRB Partners, discusses mega-cap tech, the broader markets, and interest rate expectations.

Persons: MRB's Phillip Colmar Phillip Colmar Organizations: MRB Partners

☆ The 'uncommitted' campaign against Biden has gone national, winning hundreds of thousands of votes in swing states
▼ + stars: | 2024-03-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Tens of thousands of Democratic voters cast "uncommitted" ballots against Biden on Super Tuesday. On Super Tuesday, hundreds of thousands of Democratic voters in states across the country declined to vote for President Joe Biden, casting "uncommitted" votes or something similar instead. Across several states, the uncommitted vote share easily dwarfed that of Biden's long shot primary challengers, Marianne Williamson and Rep. Dean Phillips. That's on top of more than 55,000 "no preference" votes in Massachusetts and more than 43,000 "uncommitted" votes in Colorado, along with thousands more in other states. AdvertisementAt the very least, it's a sign that the "uncommitted" campaign has gone national, with Democratic voters in states beyond Michigan willing to cast protest votes against the incumbent president.

Persons: Biden, It's, it's, —, Joe Biden, Marianne Williamson, Dean Phillips, Phillips, Hillary Clinton's, Donald Trump, Barack Obama, ", Lauren Hitt, He's Organizations: Democratic, Super, Service, North Carolina Democratic Locations: Michigan, Israel, Minnesota, North Carolina, Massachusetts, Colorado, North Carolina , Colorado, Gaza

☆ Biden vs. Trump is set. What are the alternatives?
▼ + stars: | 2024-03-06 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

CNN —The Joe Biden vs. Donald Trump rematch is a presumptive reality after the president and former president both dominated Republican and Democratic primaries on Super Tuesday. Independent candidates. When Kennedy, West and the Green Party’s Stein were added into the question, things changed. Trump was still on top with 42%, Biden got 39%, Kennedy had 15%, West had 3% and Stein had 2%. Buzzy independent candidates have a tendency to lose support as Election Day nears.

Persons: Joe Biden, Donald Trump, Biden, Gary Johnson, Jill Stein, Hillary Clinton, Ralph Nader, Kanye West, Robert F, Kennedy Jr, Cornel West, Sen, Joe Manchin, Ryan Clancy, Abby Phillip, you’ll, ” Clancy, Kennedy, Kanye, Trump, Here’s, ► He’s, Cornel West’s, Party’s Stein, Stein, Ariel Edwards, Levy, that’s, Ross Perot, Bill Clinton, Eva McKend’s, CNN Kennedy, Kennedy –, –, ” Matt Welch, CNN’s Michael Smerconish, Welch, Jake Tapper’s, CNN’s Kasie Hunt, Hunt debunks Organizations: CNN, Republican, Democratic, Super, Trump, Libertarian Party, Green Party, New, New Mexico Gov, Libertarian, Marquette University, West, Democrats, Biden, Democrat, White, Black, RFK Jr, “, of Columbia, Hunt debunks RFK Jr Locations: New Mexico, Florida, West Virginia, West, Wisconsin, ► Nevada, New Hampshire, Hawaii, Arizona, Georgia, Utah, Alaska , Oregon, South Carolina, New York, California

☆ Will Nikkei's record-breaking rally sustain even as Japan's economy sputters?
▼ + stars: | 2024-03-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Fuji and Tokyo skyline Jackyenjoyphotography | Moment | Getty ImagesJapan's Nikkei stock index has been on a record-breaking spree on the back of robust earnings and investor-friendly measures. But the country's ailing economy has experts divided over this sustainability of this rally. Japan's corporate governance reforms have been a key driver for the country's stock markets, Momma said, while stressing that stock indexes do not necessarily represent the entire economy that includes SMEs and households. SMEs are a critical lever in the Japanese economy, accounting for 70% of national employment and 50% of the country's economic growth. "Spillover from the global boom of AI-related stocks certainly helped Nikkei," Momma said.

Persons: Kazuo Momma, Momma, Sayuri Shirai, pare, Shirai, Phillip Colmar MRB Organizations: Nikkei, Mizuho Research, CNBC, Bank of Japan, Nvidia, Technology, Stock, Keio University, Bank of America, Phillip Colmar MRB Partners Locations: Fuji, Tokyo, Germany, Japan, U.S, China

☆ Meet the Disney heirs rallying behind Bob Iger
▼ + stars: | 2024-03-03 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Roy O. Disney's grandchildrenRoy O. Disney had one son with his wife Edna Francis — Roy E. Disney, a long time Walt Disney Company executive. Roy P. DisneyRoy P. Disney told NYT that activist investors "must be defeated." AdvertisementIn a 2010 interview, Roy P. Disney said he worked as an investor based in California. Joe Scarnici/Stringer/Getty ImagesWalter Elias Disney MillerWalter Miller is the co-founder of the Walt Disney Family Museum, which opened its doors in 2009. Tamara Diane MillerTamara Miller spent four years as the President of the board of directors of the Walt Disney Family Museum.

Persons: —, Roy, Walt Disney, Bob Iger, Nelson Peltz, Walt, Roy O, Disney, Edna Francis — Roy E, Roy E, Patricia Ann Dailey, Roy P, Disney Roy, George Pimentel, WireImage, Disney's, hasn't, Abigail Disney Abigail Disney, Ralph Orlowski, Burda Media Abigail Disney, she's, Abigail, Susan Disney, Susan Lord, Phillip Faraone, Tim Disney Tim Disney, Stefanie Keenan, Tim Disney, Diane Disney Miller, Sharon Disney, Diane Miller's, Ron Miller, Jennifer Goff, Tammy Miller, Joanna Miller, Walter Miller, Joe Scarnici, Stringer, Walter Elias Disney Miller Walter Miller, Joanna Sharon Miller Joanna Miller, grandpa, Joanna, Jim, Tamara Diane Miller Tamara Miller, Tamara Miller, Jennifer Miller, Goff Jennifer Miller, Goff Organizations: Service, Disney, Business, Walt Disney Company, Getty, New York Times, Burda Media, Yale, Stanford, Mouse, Bel, Harvard University, California Institute of, Arts, Walt Disney Productions, Walt Disney Family Museum, Jim Hill Media, Walt Disney Family Locations: California, Munich, Germany, Columbia, Los Angeles

☆ Takeaways from the Michigan Democratic and Republican primaries
▼ + stars: | 2024-02-27 | by ( Eric Bradner | Gregory Krieg | ) edition.cnn.com time to read: +11 min

“Joe Biden is losing about 20 percent of the Democratic vote today, and many say it’s a sign of his weakness in November. Phillips’ high point was in New Hampshire, where he drew nearly 20% of the Democratic primary vote. Republicans opposed an earlier Michigan primary, which violated Republican National Committee rules limiting which states can hold contests before March 1. After Democrats, who control the legislature and the governor’s office, moved the Michigan primary to February 27 despite the Republican opposition, the RNC and the Michigan GOP came up with the hybrid model. However, Kristina Karamo, the election conspiracy theorist who the state party voted to oust in January, has refused to relinquish control, arguing that she was unlawfully removed.

Persons: CNN — Joe Biden, Donald Trump, Trump’s, Biden, –, uncommitted, Gretchen Whitmer’s, Joe Biden, CNN’s Dana Bash, Debbie Dingell, Cassandra, Nikki Haley, Uncommitted, ”, Andy Levin, wouldn’t, ” Levin, Biden’s, ” Abbas Alawieh, Alawieh, —, Haley Haley, won’t, Haley, hasn’t, “ Joe Biden, ” Haley, Olivia Perez, Cubas, Abby Phillip, Dean Phillips, Dean Phillips ’, “, Phillips, Marianne Williamson, Pete Hoekstra, Hoekstra, Kristina Karamo, J, Joseph Rossi Organizations: CNN, Democratic, Arab American Democrats, GOP, Trump, Biden, of Health, Michigan, Michigan Gov, South Carolina Gov, Michigan Democratic, Biden can’t, Progressives, Republican, South, Minnesota, Israel, Granite, Democratic National, Twitter, Michigan GOP, Republican National Convention, Republicans, Committee, RNC, Detroit . Kent Locations: Michigan, Gaza, Israel, Dearborn, Minnesota, South Carolina, New Hampshire, — demoting Iowa, Nevada, Netherlands, Grand Rapids, Detroit ., Detroit

☆ GOP lawmakers and candidates race to distance themselves from Alabama court decision
▼ + stars: | 2024-02-23 | by ( Lauren Fox | Melanie Zanona | ) edition.cnn.com time to read: +6 min

A number of congressional Republicans running in 2024 are swiftly distancing themselves from a controversial Alabama Supreme Court ruling seen as infringing on IVF, the latest obstacle for GOP candidates in the post-Roe era. IVF allowed me, as it has so many others, to start my family,” California Republican Rep. Michelle Steel, who represents a district carried by Biden, said on X. On the campaign trail though, the National Republican Congressional Committee is trying to help candidates navigate what is emerging as a tricky political moment. The memo tells candidates to “express support for IVF” and “oppose restrictions” on the procedure. Even some conservatives are going out of their way to express support for IVF and distance themselves from the Alabama ruling.

Persons: Michelle Steel, Biden, “, Don Bacon, Republicans ’, Roe, Wade, Mike Berg, Larry Hogan, Dave McCormick, ”, Sen, Tommy Tuberville, Mike Lawler, Nick LaLota, Nancy Mace, Matt Gaetz, CNN’s Abby Phillip, Kat Cammack, ” Cammack Organizations: Democratic, GOP, ” California Republican, ” Republican, Republicans, National Republican, National Republican Senatorial Campaign, CNN, Republican Senate, Maryland Gov, US, NBC, ”, Republican, New York Republican, Biden, Republican Party, Women’s Caucus, Florida Republican Locations: Alabama, ” California, Nebraska, Pennsylvania, New York, South Carolina, Florida

☆ Megacap U.S. stocks are carrying the rest of the world. Here are the risks, and where to look for diversification
▼ + stars: | 2024-02-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Megacap tech stocks aren't just powering the U.S. stock market — they're also holding the world together. U.S. equities now comprise 70% of the MSCI World Index, the benchmark for large- and mid-cap companies across 23 developed markets. The MSCI World Index shifts regional and country weights based on broader economic trends. High levels of market concentration in the late 1920s to early 1930s, as well as 2000, coincided with a market top, he noted. The Europe Stoxx 600 has risen only 2.6% year to date, underperforming the U.S. broad market index.

Persons: Goldman Sachs, Scott Rubner, Peter Berezin, Berezin, NVDA, Phillip Colmar, that's, Mike Dickson, Dickson, Warren Buffett's, Colmar, It's, you've, Germany DAX Organizations: Apple, Microsoft, Nvidia, BCA Research, Big Tech, MRB Partners, Horizon Investments, Nikkei, British FTSE, France CAC Locations: U.S, Europe, Colmar, Japan, Asia, Germany, France

☆ California man stole a Yosemite National Park ranger's vehicle and sparked a high-speed chase before plummeting 200 feet off a cliff, prosecutors say
▼ + stars: | 2024-02-18 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewA federal grand jury indicted a California man accused of stealing a Yosemite National Park ranger's vehicle and leading a "high-speed chase" before driving off a cliff. AdvertisementThis isn't the first time tourists have been accused of misbehaving in US national parks. In May 2023, a bison calf had to be euthanized after a man lifted it out of a river in Yellowstone National Park, prompting its herd to reject it. An unidentified man disturbed a bison calf in Lamar Valley near the confluence of the Lamar River and Soda Butte Creek in Yellowstone National Park. "Park rangers tried repeatedly to reunite the calf with the herd, but their efforts were unsuccessful."

Persons: —, Phillip A, Talbert, Claustro, David Calvert, Hellen Jack Organizations: Service, Yosemite National, Business, Getty, National Parks Service, Visitors, Grand Teton National Parks Locations: California, Yosemite, Yellowstone, Lamar Valley, Lamar, Grand

☆ NFL season recap: Record viewing numbers, Taylor Swift and a new dynasty
▼ + stars: | 2024-02-17 | by ( Ben Morse | ) edition.cnn.com time to read: +16 min

CNN —With its bright lights, big names and halftime shows, the Super Bowl has always been the biggest sporting ticket in the US. Kansas City Chiefs quarterback Patrick Mahomes holds the Lombardi Trophy after the Chiefs won Super Bowl LVIII on Sunday, February 11. Steph Chambers/Getty Images Chiefs tight end Travis Kelce kisses his girlfriend, singer Taylor Swift, during the postgame celebrations. This was just the second Super Bowl in history to go to overtime. Swift, Ice Spice, Blake Lively and others were in attendance for Super Bowl LVIII.

Persons: Taylor Swift, Patrick Mahomes, Mahomes, Steph Chambers, Travis Kelce, Brynn Anderson, Trey Smith, Eric Gay, Adam Hunger, Andy Reid, Julio Cortez, Kyle Juszczyk, Mecole Hardman Jr, Jamie Squire, Hardman, Ezra Shaw, Tim Nwachukwu, Christian McCaffrey, Jake Moody, Frank Franklin II, Bill Vinovich, Mike Blake, Reuters Kelce, Fred Warner, David J, Phillip, Moody, Harrison Butker, Jauan Jennings, Kirby Lee, Chris Jones, Brock Purdy, George Walker IV, Kyle Shanahan, Marquez Valdes, Scantling, David Gray, Ray, Ray McCloud III, Stephen R, James Lang, Brian Snyder, Ji'Ayir Brown, Doug Benc, Gregory Bull, McCaffrey, Jennings, Dre Greenlaw, Achilles, Kelce, Reid, Isiah Pacheco, Pacheco, Harry, Trent McDuffie, Deebo Samuel, Chris Conley, Javon Hargrave, Sam Lutz, George Kittle, Getty Images Purdy, Michael Reaves, Nick Bolton, Candice Ward, Reba McEntire, Lively, McEntire, Andra Day, Jay, Blue Ivy, Rumi, Steve Luciano, Carlos Barria, Sterling, ’ Taylor, cutaways, Jason’s, Swift, Blake Lively, Vince Lombardi, Bill Belichick, Belichick, Don Shula’s, Hall, Tom Landry, Belichick hasn’t, Alex Grimm, Joe Flacco, Damar Hamlin, Hamlin, commotio cordis, Jeffrey T, Barnes, Dan Campbell, Aaron Rodgers, Rodgers, Robert Saleh, There’s, ’ Organizations: CNN, Super, Kansas City Chiefs, San Francisco 49ers, NFL, Chiefs, Getty, AP Chiefs, Hardman, AP 49ers, 49ers, Reuters, USA Today Sports Chiefs, AP, USA, Network, Sports, Reuters 49ers, CBS, Reuters Chiefs, Getty Images, Allegiant, Vegas, New England Patriots ’, Green Bay Packers, Patriots, The Patriots, Kansas City Super, New England Patriots, of Fame, Hall of Fame, Atlanta Falcons, Indianapolis Colts, Deutsche Bank, Cleveland Browns, Buffalo Bills, Bills, Miami Dolphins, Dallas Cowboys, Detroit Lions, Lions, NFC, New York Jets, Jets Locations: Las Vegas, Brittany, Japan, Allegiant, ”, Kansas, Massachusetts, Foxborough, Frankfurt, Germany, Cincinnati, East Rutherford

☆ Interest on national debt could threaten U.S. economic stability, CBO director tells House panel
▼ + stars: | 2024-02-14 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +3 min

CBO Director Phillip Swagel testifies during the House Budget Committee hearing titled "The Congressional Budget Office's Budget and Economic Outlook," in Longworth Building on Wednesday, February 14, 2024. The director of the nonpartisan Congressional Budget Office warned House lawmakers Wednesday that the ballooning national debt and the cost of paying interest on it could become an existential threat to the U.S. economy. "Rising interest costs will crowd out other possible uses of government resources, and then also pose a risk to our economic stability" in the coming decade, CBO director Phillip Swagel told the budget committee at a hearing on Capitol Hill. Swagel's testimony centered around CBO's semi-annual report on the federal budget and the economy, released Feb. 7. The CBO report projected that the yearly U.S. budget deficit would grow by an estimated $1 trillion over the next 10 years.

Persons: Phillip Swagel, Swagel, Kevin McCarthy, Dan Kildee, Donald Trump's, Joe Biden's Organizations: Economic, Capitol, CBO, Republicans, GOP, Democrat, Congress Locations: Longworth, U.S, CBO's, Michigan

☆ Travis Kelce says push on Chiefs head coach Andy Reid was ‘definitely unacceptable’
▼ + stars: | 2024-02-14 | by ( Ben Morse | Jill Martin | ) edition.cnn.com time to read: +10 min

Steph Chambers/Getty Images Chiefs tight end Travis Kelce kisses his girlfriend, singer Taylor Swift, during the postgame celebrations. Adam Hunger/AP Chiefs head coach Andy Reid, second left, celebrates with staff members after the game. Jamie Squire/Getty Images Chiefs wide receiver Marquez Valdes-Scantling celebrates after catching a 16-yard touchdown pass in the third quarter. George Walker IV/AP Kelce yells at Reid after Chiefs running back Isiah Pacheco fumbled in the red zone during the second quarter. Mike Blake/Reuters Chiefs cornerback Trent McDuffie defends a pass intended for 49ers wide receiver Deebo Samuel during the second quarter.

Persons: Travis Kelce, Andy Reid, Jason, Kelce, it’s, Aw, ”, Reid, Jerick McKinnon, I’d, “, ” Travis, ’, Reid –, –, ” Kelce, Patrick Mahomes, Mahomes, Steph Chambers, Taylor Swift, Brynn Anderson, Trey Smith, Eric Gay, Adam Hunger, Julio Cortez, Kyle Juszczyk, Mecole Hardman Jr, Jamie Squire, Hardman, Ezra Shaw, Tim Nwachukwu, Christian McCaffrey, Jake Moody, Frank Franklin II, Bill Vinovich, Mike Blake, Reuters Kelce, Fred Warner, David J, Phillip, Moody, Harrison Butker, Jauan Jennings, Kirby Lee, Chris Jones, Brock Purdy, George Walker IV, Kyle Shanahan, Marquez Valdes, Scantling, David Gray, Ray, Ray McCloud III, Stephen R, James Lang, Brian Snyder, Ji'Ayir Brown, Doug Benc, Gregory Bull, McCaffrey, Jennings, Dre Greenlaw, Achilles, Isiah Pacheco, Pacheco, Harry, Trent McDuffie, Deebo Samuel, Chris Conley, Javon Hargrave, Sam Lutz, George Kittle, Getty Images Purdy, Michael Reaves, Nick Bolton, Candice Ward, Reba McEntire, Lively, McEntire, Andra Day, Jay, Blue Ivy, Rumi, Steve Luciano, Carlos Barria, Sterling, That’s Organizations: CNN, Kansas City Chiefs, Chiefs, San Francisco 49ers, CBS, Philadelphia Eagles, Super, Getty, AP Chiefs, Hardman, AP 49ers, 49ers, Reuters, USA Today Sports Chiefs, AP, USA, Network, Sports, Reuters 49ers, Reuters Chiefs, Getty Images, Allegiant, Vegas, Bowl Locations: Las Vegas, Brittany

☆ Patrick Mahomes won’t take consecutive Super Bowl titles for ‘granted’ as Kansas City Chiefs QB eyes ‘legendary’ three-peat
▼ + stars: | 2024-02-13 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Just a day after Patrick Mahomes lifted the Vince Lombardi Trophy aloft for the second time in as many years, the Kansas City Chiefs quarterback already had his eyes set on more success. We’ll celebrate these few weeks, and then we’ll get right back at it.”After being named this year’s Super Bowl MVP, Mahomes traveled to Disneyland with his family as part of a yearly Super Bowl tradition. Notably, it was Mahomes who masterminded the superb 14-play, 75-yard touchdown drive in overtime which sealed the Chiefs’ Super Bowl LVIII win. Kansas City Chiefs quarterback Patrick Mahomes celebrates winning Super Bowl LVIII. Some believe Mahomes could one day match, or even supersede, Brady’s Super Bowl title haul given the Chiefs’ current dominance.

Persons: Patrick Mahomes, Vince Lombardi, ”, ” Mahomes, We’ve, we’ll, Mahomes, , John Locher, I’ll, Tom Brady, Andy Reid, ” Reid, Taylor Swift, Travis Kelce, “, CNN’s Abby Phillip, Swift, Taylor, CNN “ It’s Organizations: CNN, Kansas City Chiefs, Chiefs, We’ll, NFL, Brady’s Locations: Las Vegas, Disneyland, California, Chiefs Kingdom

☆ See what celebrities wore to New York Fashion Week
▼ + stars: | 2024-02-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

CNN —New York Fashion Week is back, with celebrities seen sitting front row at shows across Manhattan and Brooklyn and arriving at private parties for luxury houses including Gucci and Yves Saint Laurent. Jamie McCarthy/Getty Images for Christian SirianoJodie Turner-Smith arrives at a private Gucci party. Gilbert Carrasquillo/GC Images/Getty ImagesJessica Chastain at a private Gucci party on Saturday. Dimitrios Kambouris/WireImage/Getty ImagesElliot Page arrives at a private Gucci party. Theo Wargo/Getty Images for NYFW: The ShowsIris Apatow at a private Gucci party on Saturday.

Persons: Gucci, Yves Saint Laurent, Tommy Hilfiger’s, Sofia Richie Grainge, Becky G, Willy Chavarria’s, Sam Smith, Julia Fox, Jessica Chastain, Jodie, Turner Smith, Demi Moore, Elliot Page, Nicola Peltz Beckham, Joe Biden’s, Ashley Biden, Kamala Harris ’, Ella Emhoff, Sophia Bush, J . Smith, Cameron, Philipps, Melanie Lynskey, Alicia Silverstone, Ashlee Simpson, Christian Siriano's, Jamie McCarthy, Christian, Jodie Turner, Smith, Gilbert Carrasquillo, Dascha Polanco, Willy Chavarria's, Roy Rochlin, Debbie Harry, Jason Mendez, Willy Chavarria, Amanda Lepore, Tommy Dorfman, Natasha Lyonne, Annabelle Dexter, Jones, Chanel, Dimitrios Kambouris, Camila Mendes, Ariana Greenblatt, Gilbert Flores, Storm Reid, Jackie Aina, Udo Salters, Cowan, Sarah Desjardins, Christian Cowan, Joel Kim Booster, Anna Wintour, Diane Kruger, Carolina Herrera, Charly Triballeau, Olivia Jade, Noah Beck, Louisa Jacobson, Misty Copeland, Jaimie Alexander, Jason Wu, Molly Ringwald, Helmut Lang, Jed Cullen, Dave Benett, Jeremy O, Harris, Stephanie Hsu, Phillip Lim, Arturo Holmes, Bella Thorne, Theo Wargo, Iris Apatow, Katie Holmes, Ulla Johnson, Manny Carabel, Jemima Kirke, Trullie Organizations: CNN, New York, Central, Brooklyn, Christian, Gucci, Bach, Getty, Harmonie Club, Carolina, Beauty Brooklyn Locations: Manhattan, Brooklyn, AFP, Zsela

NEW YORK (AP) — A man convicted in the notorious drug-related killing of a rookie New York City police officer at the height of the city's crack epidemic decades ago has been denied parole, a union representing NYPD officers said Sunday. Todd Scott had been serving 25 years to life for his role in the shooting death of Officer Edward Byrne in Queens. Scott was convicted of second-degree murder and has been serving his sentence at the maximum-security state prison in Shawangunk. Patrick Hendry, president of the Police Benevolent Association, said in a statement that the union was “relieved” Scott was denied parole. The union said it also will continue to oppose the release of two others convicted in the killing.

Persons: Todd Scott, Edward Byrne, Queens . Byrnes, Scott, Howard “ Pappy ” Mason, Byrne, couldn't, Patrick Hendry, “, ” Scott, David McClary, Phillip Copeland, Scott Cobb, ” Hendry, Byrne's, Kenneth Byrne, ” “, Eddie Organizations: New York, Police, NYPD, Police Benevolent Association Locations: New York City, Queens, Shawangunk, ”

☆ The US economy will grow by an extra $7 trillion over the next decade due to immigration, the CBO says
▼ + stars: | 2024-02-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The US economy will grow by an extra $7 trillion over the next decade, according to estimates from the CBO. "The labor force in 2033 is larger by 5.2 million people, mostly because of higher net immigration. AdvertisementThe CBO also found that net immigration has risen since 2022, and it expects it to remain elevated through 2026. The US labor force is expected to surge over the next decade thanks to strong net immigration trends. Another knock-on effect of America's net immigration trends is its impact on the housing market, since it should result in continued demand for new homes.

Persons: Phillip Swagel, Swagel, Jerome Powell, Powell Organizations: CBO, Congressional, Office, Immigrants Locations: Japan, America

☆ Zyn is selling their nicotine pouches like hotcakes
▼ + stars: | 2024-02-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Move over vapes, Americans appear to have a new addiction: Zyn, a tobacco-free nicotine pouch product, that has exploded in sales over the past year. Philip Morris announced Thursday that it shipped about 350 million cans of Zyn in 2023, a whopping 62% growth compared to the previous year. Nicotine is very addictive and can harm young people’s developing brains, according to the US Centers for Disease Control and Prevention. However, like Juul, the popularity and growth of Zyn might face difficulties, in particular from US government. “Zyn is the next battle.”Despite the growth, shares of Phillip Morris declined 2% in early trading because of lower demand for cigarettes.

Persons: Philip Morris, Chuck Schumer, Zyn, “, ” Schumer, “ Zyn, ”, Phillip Morris, Jacek Olczak, ” Olczak, CNN’s Carma Hassan Organizations: New, New York CNN, Marlboro, US Centers for Disease Control, FDA, Federal Trade Commission, Food and Drug Administration, Tobacco, Swedish Locations: New York, vapes, Marlboro

☆ CBO Director Phillip Swagel: U.S. deficit projected to climb to $2.6 trillion in 2034
▼ + stars: | 2024-02-08 | 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 EmailCBO Director Phillip Swagel: U.S. deficit projected to climb to $2.6 trillion in 2034CBO Director Phillip Swagel joins 'Squawk Box' to discuss the state of U.S. debt, the agency's deficit forecast, the impact of IRS tax enforcement on revenue collection, and more.

Persons: Phillip Swagel Locations: U.S

(AP) — A Montana appliance store owner and supporter of former President Donald Trump was convicted Wednesday for his role in the Jan. 6, 2021, breach of the U.S. Capitol that interrupted certifying the 2020 Electoral College vote. Henry Phillip Muntzer of Dillon was arrested based on social media posts and videos taken inside the Capitol, according to court records. Muntzer, 55, was found guilty of obstructing an official proceeding and civil disorder, both felonies, following a bench trial before U.S. District Court Judge Jia M. Cobb. Muntzer was also found guilty of four misdemeanor charges. In Dillon, Muntzer is known for a pro-QAnon mural on the building that houses his appliance store, according to the Dillon Tribune.

Persons: HELENA, Donald Trump, Henry Phillip Muntzer, Dillon, Jia M, Cobb, Muntzer Organizations: U.S . Capitol, Attorney's, U.S, Prosecutors, Capitol, Electoral, House, Dillon Tribune Locations: Mont, Montana, U.S, Washington

☆ Phillip Mehrtens: Militants squabble over fate of New Zealand pilot on anniversary of his kidnapping
▼ + stars: | 2024-02-06 | by ( Angus Watson | ) edition.cnn.com time to read: +8 min

CNN —Militant rebels in Indonesia’s restive West Papua are urging their most feared comrade to release a New Zealand pilot held hostage for a year. Mehrtens’ captors initially threatened to kill him unless New Zealand agreed to pressure Indonesia into allowing West Papua to secede from Indonesia, a seemingly impossible demand. West Papua separatist fighters release images of their hostage soon after his capture in February 2023. West Papua National Liberation ArmyFailed rescue effortsGrainy proof of life videos sent by the rebels between February and November 2023 show Mehrtens growing thinner and more unkempt. “The Indonesian response is dictated by the Indonesian military and their view is that they will hunt down this group, kill the leaders and release Mehrtens,” Kingsbury said.

Persons: Eganius Koyega, Phillip Mehrtens, Mehrtens ’, Mehrtens, Koyega, ” Koyega, ” TPNPB, Terryanus Satto, aren’t, hasn’t, Damien Kingsbury, ”, Winston Peters, Christmas Phillip, ” Peters, ” Kingsbury, “, Cammi Webb, Gannon, ’ ”, Webb, ” Webb, TPNB, Andreas Harsono, Prabowo Subianto, “ Prabowo, ” Harsono Organizations: CNN — Militant, New, Koyega, West Papuan National Liberation Army, Free Papua Movement, West Papua National Liberation Army, Indonesian Army, New Zealand, New Zealand Foreign Affairs, New Zealand Government, CNN, Australia’s University of Wollongong, Indonesian, Human Rights Watch, Rights, West Locations: Indonesia’s restive West Papua, Zealand, Nduga, New Zealand, Indonesia, West Papua, Indonesian, Papuan, West, New, Australia, Jakarta, “, ” West Papua, Papua

☆ New Zealand Calls for Kiwi Pilot to Be Freed a Year After Papua Kidnapping
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

JAKARTA (Reuters) - New Zealand has called for the immediate release of Kiwi pilot Phillip Mehrtens, a year after he was taken hostage by rebels in Indonesia's Papua region, its foreign minister said on Monday. His continued detention serves the interests of no one," New Zealand Foreign Minister Winston Peters said in a statement. The New Zealand foreign minister said a range of government agencies continued to work extensively with their Indonesian counterparts to secure Mehrtens' release. The separatist group has released video of Mehrtens several times, asking the United Nations to mediate talks towards Papua's independence. In one of the videos, he was seen holding the banned Morning Star flag and surrounded by Papuan fighters.

Persons: Phillip Mehrtens, Egianus Kogoya, Mehrtens, Phillip, Winston Peters, Sebby Sambom, Ananda Teresia, Kate Lamb, Jamie Freed Organizations: Kiwi, West Papua National Liberation Army, New Zealand Foreign, United Nations, New Zealand, United, Star Locations: JAKARTA, New Zealand, Indonesia's Papua, Nduga, Papua, Papua New Guinea, United Nations

☆ Costco CFO says China has huge potential as he gives us a peek at international expansion plans
▼ + stars: | 2024-01-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The world's second-largest economy has "very good potential" for Costco expansion, CFO Rich Galanti told CNBC. In an interview with Galanti, the warehouse club's numbers cruncher gave CNBC a glimpse at Costco's longer-term expansion plans. Costco plans to open one more China location this calendar year after the debut earlier this month of the store in the southern Chinese city of Shenzhen. Costco's international segment "continues to grow as a percent of the store base," he told CNBC. Shoppers queue in the parking lot to enter the Costco Wholesale Corp. store in Shenzhen, China, on Sunday, Jan. 14, 2024.

Persons: Rich Galanti, Galanti, Craig Jelinek, Jim Cramer, We've, Jelinek didn't, Ron Vachris, signups, Phillip Blee, William Blair, Blee, cardholders, Corey Tarlowe, Tarlowe, Michael Baker, Davidson, Kirkland, bode, Jim Cramer's, Jim, Qilal Shen Organizations: Costco, CNBC, cruncher, Disney, Jefferies, D.A, Kirkland, Tarlowe, Shoppers, Costco Wholesale Corp, Bloomberg, Getty Locations: Shenzhen, China, Canada, North America, United States, Mexico, South America, Shanghai, U.S, —

☆ Researchers spotted a baby great white for the first time ever, and it could help solve one of shark science's biggest mysteries
▼ + stars: | 2024-01-29 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +3 min

AdvertisementLast summer, a drone captured footage of a ghostly white shark near the coast of Santa Barbara, California. It turned out to be an extremely rare sighting of a baby white shark, and its appearance could help scientists solve some big mysteries. A strange white colorDespite their name, white sharks are usually gray and white. AdvertisementPregnant white sharks produce the yellowish fluid, uterine milk, to provide nutrition for the developing embryo. "Observations of free-swimming newborn white sharks are extremely rare," Tobey Curtis, a National Oceanic and Atmospheric Administration shark scientist who didn't participate in the research, told Science.

Persons: —, Carlos Gauna, Phillip Sternes, Sternes, Tobey Curtis, Curtis Organizations: Service, University of California, Administration, Science Locations: California, Santa Barbara , California, Riverside

☆ Brock Purdy’s epic comeback etches his name in 49ers lore as Detroit’s hero Jared Goff is left wondering what could have been
▼ + stars: | 2024-01-29 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +11 min

“All he’s done since he’s been here is play at an elite level and everything starts with him. Facing skepticism after that first season, it wasn’t clear to Lions fans heading into the 2022 season if Goff was going to be around long. It started a wave of momentum that built into the greatest Lions season that most fans have ever experienced. Goff throwing the ball during the third quarter against the San Francisco 49ers in the NFC Championship. Goff, meanwhile, made a few spectacular throws, a few dangerous ones and many safe ones to his playmakers.

Persons: Santa Clara , California CNN — Brock Purdy, Joe Montana, Steve Young, Colin Kaepernick, Jimmy Garoppolo, Brock Purdy, Purdy, Jared Goff, Goff –, Santa Clara –, Goff, Iowa State University –, he’s, I’ve, ” Purdy, God’s, David J, Phillip, Kurt Warner, Warren Moon, Moon, Trey Lance, “ They’ve, they’ve, Garoppolo, Lance, “ He’s, I’m, Kyle Juszczyk, “, Brock, ”, Christian McCaffrey, Alex Anzalone, Mark J, Terrill, Goff wasn’t, Matthew Stafford, Motown –, Dan Campbell’s, Stafford, Campbell, Ezra Shaw, you’re, didn’t, you’ve, ’ ” Purdy, Brandon Aiyuk, –, Juszczyk, ” Juszczyk, couldn’t, Dan Campbell Organizations: Santa Clara , California CNN, San Francisco 49ers, Super, Detroit Lions, NFC, Area, Levi’s, Lions, Motor City, Bay, Iowa State University, 49ers, Kansas City Chiefs, ” San Francisco 49ers, Warner, Iowa State, Las Vegas Raiders, Dallas Cowboys, Chiefs, ” 49ers, Games, Los Angeles Rams, Rams, New England Patriots, Bowls, Motown, Detroit, ” Lions Locations: Santa Clara , California, Santa Clara, Motor, Ames , Iowa, alma mater, Vegas, ”, Detroit, Michigan, Purdy

☆ First ever sighting of newborn great white reported
▼ + stars: | 2024-01-29 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

CNN —Drone footage shot off the coast of Southern California may have revealed the first ever glimpse of a newborn great white shark in the wild. Adult great white sharks are gray on top and white underneath. “I believe it was a newborn white shark shedding its embryonic layer.”The case for the baby great white sightingWhile in utero, embryonic sharks feed on unfertilized eggs for protein. If their assessment is correct, it’s the first time that a newborn great white shark has been observed in the wild. In addition, other researchers have suggested this location off the coast of central California is a birthing ground for great white sharks.

Persons: Carlos Gauna, Phillip Sternes, Sternes, ” Sternes, “, ”, ” Gauna, Gavin Naylor, ” Naylor, wasn’t, Nicholas Ray, Ray, Greg Skomal Organizations: CNN, University of California, Florida Program, Shark Research, University of Florida, Florida Museum, Nottingham Trent University, Massachusetts Division of Marine Fisheries Locations: Southern California, Carpinteria , California, University of California Riverside, California, South Africa

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