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In it, the Haitian-born filmmaker of “Lumumba,” “Sometimes in April” and some of the most thoughtful, prodding essay-film documentaries, chronicles the story of the Reels family in North Carolina. The land, known as Silver Dollar Road, has been in the family since the days of Reconstruction, when their ancestors were freed from slavery. In Peck’s hands, the film stays close to the Reels’ experience and to the land; images of vines that wrap the family tree seem to grow out of the forests of Silver Dollar Road. There’s no way you can recover.”Instead, any villain in “Silver Dollar Road” is faceless. To feel at home and to feel at ease, not to be afraid that there would be something that would aggress them.”Peck was in Toronto to premiere “Silver Dollar Road” at the Toronto International Film Festival.

Persons: Raoul Peck, Barry Jenkins beelined, James Baldwin, Peck, Oscar, " Jenkins, ”, Baldwin, “, Beale, ” Jenkins, “ Lumumba, Elijah, what's, Melvin Davis, ” Peck, it’s, I’ve, Lizzie Presser, Mamie, Ellison, Kim Renee Duhon, Duhon, “ We’ll, they’re, Jake Coyle Organizations: TORONTO, HBO, Toronto, Twitter Locations: Toronto, Haitian, ”, North Carolina, Adams, Carteret County, North America, Berlin

☆ This simple tactic helped a CEO sell his business for $1 million at age 21—here’s how to do it
▼ + stars: | 2023-10-05 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Specifically, his teenage solution to his family's financial woes — a dry-cleaning company — sold for $1 million in just three years, setting him on the path to serial entrepreneurship, Henry said. As a doorman, he connected with a resident who ran a different dry-cleaning company, and offered to teach him the economics behind the business, he said. After getting fired from his doorman gig, Henry realized he was learning more at the dry-cleaning company than at school, so he dropped out, he said. Pleased with the work, the wardrobe supervisor recommended Henry's dad to NBC's "Law and Order." After three years, Henry sold the company to one of its vendors for $1 million, Forbes reported in 2016.

Persons: John Henry, Henry, LinkedIn's, —, presser, NBC's, Forbes Organizations: Insurance, CNBC Locations: New York City, Dominican Republic, New, Harlem

☆ Analysts react to Federal Reserve leaving interest rates unchanged
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +8 min

Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range, just a quarter of a percentage point above the current range. I do think that they'll remain data dependent and you'll probably hear that from Powell at the 2:30 press conference and going forward as well. So yes, they're talking about higher rates for longer, but it's really the economy that matters. This is because when the Fed announces an interest rate increase, credit card interest rates typically follow shortly thereafter, which may result in larger minimum monthly payments for credit card holders. While the decision not to raise interest rates this time round mitigates that for now, more interest rate increases may be on the horizon.

Persons: Jerome Powell, GARRETT MELSON, presser, GINA BOLVIN, Powell, BRIAN JACOBSEN, MENOMONEE, KARL SCHAMOTTA, GENNADIY GOLDBERG, it's, TOM MARTIN, MICHELE RANERI Organizations: Federal Reserve, U.S, Treasury, Fed, PPI, OF, TOM, Global Finance, Markets, Thomson Locations: BOSTON, Powell, WISCONSIN, TORONTO, U.S, ATLANTA, CHICAGO

☆ Stocks stalled as oil surge sets stage for longer US rate peak
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But at $93.52 a barrel, prices remain up 30% in three months as Saudi Arabia and Russia reduce output. Benchmark 10-year Treasury yields had hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The yen is down 11% on the dollar this year as expectations firm for U.S. rates to stay high and Japanese rates to stay low. The yen hit a 10-month trough of 147.95 to the dollar late last week and it traded at 147.85 on Wednesday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, Stocks, Jerome, Sam Rines, Powell presser, Masato Kanda, Eugene Low, Miral Fahmy, Jamie Freed Organizations: Federal Reserve, Brent, FTSE, Japan's Nikkei, Bank of, New Zealand, Thomson Locations: SINGAPORE, Asia, Saudi Arabia, Russia, Pacific, Japan, Hong Kong, China, Texas, Sweden, Switzerland, Norway, Britain, U.S, Singapore, Australia, Argentina

☆ Stocks struggle as oil surge sets stage for hawkish Fed
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Higher energy costs led to a bigger-than-expected spike in Canadian inflation, overnight data showed, lifting the loonie and triggering selling in the Treasury market. Benchmark 10-year Treasury yields hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The Fed meeting leads a week jammed with central bank meetings and data over the next few days. British inflation figures are due on Wednesday, followed by central bank meetings in Sweden, Switzerland, Norway, Britain and Japan on Thursday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, presser, Jerome Powell's, Sam Rines, Powell presser, Masato Kanda, Kristina Clifton, Miral Organizations: Treasury, Federal Reserve, Brent, Nikkei, U.S, STERLING, OF CPI, Bank of, New Zealand, Commonwealth Bank of Australia, Bank of England, Thomson Locations: presser China, SINGAPORE, Saudi Arabia, Russia, Asia, Pacific, Japan, Texas, Sweden, Switzerland, Norway, Britain, U.S, China, Australia, Argentina

☆ America is stuck in a greased-pig economy
▼ + stars: | 2023-09-19 | by ( Linette Lopez | ) www.businessinsider.com time to read: +10 min

At the same time that prices were cooling off, the rest of the economy seemed to be holding up. And consumers were so intent on spending money to have a good time that cities let Beyoncé dictate public transit. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since.

Persons: it's, Jerome Powell, Mike Konczal, Konczal, we've, Price, proclivity, that's, Taylor Swift, we'd, Charles Evans, Christine Lagarde, Morgan, Jamie Dimon, Roosevelt, —, you've, Justin Simon, Jasper Capital, Linette Lopez Organizations: Consumers, Federal, Roosevelt Institute, Fed, Chicago Fed, European Central Bank, Census Locations: American, America, Jasper

☆ The Greased-Pig Economy: Higher Inflation, Stock Market Crash Possible
▼ + stars: | 2023-09-19 | by ( Linette Lopez | ) www.businessinsider.com time to read: +10 min

At the same time that prices were cooling off, the rest of the economy seemed to be holding up. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since. But with inflation still above the Fed's goal, it's clear we need to recalibrate some on the demand side still.

☆ 5 takeaways from Joe Biden’s trip to the G20 and Vietnam
▼ + stars: | 2023-09-10 | by ( Kevin Liptak | ) edition.cnn.com time to read: +13 min

New Delhi CNN —President Joe Biden is nearing the end of a whirlwind trip to India and Vietnam for a series of high-profile meetings aimed at countering China’s influence in the developing world. That’s what this trip is all about, having India cooperate much more with United States, be closer to the United States, Vietnam being closer with the United States. “I think we have an enormous opportunity,” he said, adding: “Vietnam and the United States are critical partners at what I would argue is a very critical time. Here are five takeaways from the president’s trip to New Delhi and Hanoi. Biden tries to pull Vietnam closer to USBiden’s trip to Hanoi was his latest attempt to pull another one of China’s neighbors closer to the United States.

Persons: Joe Biden, Biden, ” Biden, “, It’s, Nguyễn Phú, ”, I’m, ” “ I’m, Biden’s, Narendra Modi, Jake Sullivan, ” Sullivan, Oleg Nikolenko, Xi, Vladimir Putin, Xi Jinping, they’re, Kurt Campbell, Modi, – Biden, Campbell, it’s, ratchets, aggressions, Vietnam’s, Karine Jean, Pierre, Jean, Li Qiang, presser Organizations: New, New Delhi CNN, Communist Party of Vietnam, Sunday, Diplomats, Indian, Foreign, Facebook, “, United, United Arab Emirates, World Bank, White, White House, Korean, Communist, Communist Party, Biden, CNN Locations: New Delhi, India, Vietnam, Hanoi, Asia, Beijing, China, United States, Ukraine, ” Russia, Russia, Ukrainian, East, Europe, United Kingdom, Japan, United Arab, Bali, Philippines, South China

☆ CEO spent his savings, 401(k) and paychecks to keep his cookware brand afloat—now it brings in over $170 million a year
▼ + stars: | 2023-09-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

The timing was poor for bootstrapping: Winer and Mecray had just shuttered their first startup attempt, a juice presser company called Juicepresso. They maxed out credit cards, took out a small-business loan from American Express and packaged cookware sets in their backyards. It's grown steadily since, bringing in $170.7 million in revenue last year, according to documents reviewed by CNBC Make It. At its height in 2015, we brought in somewhere between $5 million and $6 million in revenue. To be honest, though, as soon as I started working on the pan, I knew it wasn't going to fail.

Persons: Gordon Ramsay's, HexClad, Danny Winer, Cole Mecray, Winer, Mecray, we'd, Jason Panzer, Ramsay, Cole, you'd, I'd, Warren Buffett Organizations: CNBC, bootstrapping, presser, American Express, Costco, Foods, New Locations: New York City

☆ Russia launched a high school history textbook that praises Putin's invasion of Ukraine
▼ + stars: | 2023-08-08 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

The Kremlin unveiled a new textbook that glorifies Vladimir Putin's war in Ukraine. The textbook is aimed at 17-year-old students and will be taught in the upcoming school year. The book labels the Crimean peninsula as a "Nazi state," according to multiple reports. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "After the end of the special military operation [in Ukraine], after our victory, we will further supplement this book," Kravtsov said, according to The Guardian.

Persons: Vladimir Putin's, Sergei Kravtsov, presser, Kravtsov, baselessly, Putin Organizations: Kremlin, Service, The Independent, Guardian Locations: Ukraine, Nazi, Wall, Silicon, Russia, Moscow, Crimea

☆ TikTok Shakes Up Leadership Amid Questions About Its Future
▼ + stars: | 2023-06-22 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

TikTok, the popular short-form video app that is facing questions about its future in the United States, said on Thursday that its chief operating officer was leaving the company and that it had hired a new head of operations and a new chief brand and communications officer. V. Pappas, who joined TikTok as chief operating officer to run its North American business in 2018, will become a strategic adviser to the company. Adam Presser, TikTok’s chief of staff, will become its head of operations. In an email to the company on Thursday, Mx. Pappas, 44, said “the time is right to move on and refocus on my entrepreneurial passions.”The company also said that Zenia Mucha will oversee its sprawling communications team.

Persons: Pappas, TikTok, Adam Presser, TikTok’s, Zenia Mucha, Mucha Organizations: Pappas, Disney, New York Times Locations: United States

☆ TikTok COO Pappas quits after five years in the role
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

June 22 (Reuters) - TikTok Chief Operating Officer V. Pappas is stepping down after five years with the short-video company owned by China's ByteDance, according to an email seen by Reuters on Thursday. In an email to staff, Pappas said they would be taking on an advisory role for the company during the transition. "Given all the successes reached at TikTok, I finally feel the time is right to move on and refocus on my entrepreneurial passions," said Pappas, who uses the pronoun they. Adam Presser, TikTok's chief of staff, will become head of operations and oversee content, user operations and distribution, Chew said. Last month, TikTok sued Montana after it became the first state to ban the app state-wide.

Persons: Pappas, China's ByteDance, Shou Chew, Zenia Mucha, TikTok, Adam Presser, TikTok's, Chew, Samrhitha, Dawn Chmielewski, Sheila Dang, Devika Syamnath, Daniel Wallis Organizations: Reuters, Walt Disney Co, Thomson Locations: TikTok, Montana, Bengaluru, Dawn, Los Angeles, Dallas

A 30-year veteran of the DA's office told Insider that Bragg will lay the specifics out in a so-called "bill of particulars" down the road. "When you have an indictment, anything you put in the indictment, you must prove it," Florence, who ran against Bragg for DA in 2021, told Insider in an interview. Bragg laid out 4 alleged underlying crimes in post-arraignment presserThough Bragg didn't include the specifics of Trump's alleged underlying crimes in the charging documents, he laid them out in his post-arraignment news conference. Bragg elaborated on that alleged underlying falsehood in a statement of facts included as an addendum to the indictment. "The prosecution is boxed in at this stage of the game," Ty Cobb, who served as White House special counsel during the Trump administration, told Insider.

☆ News outlets will face slew of coverage conundrums as Trump is arraigned on criminal charges
▼ + stars: | 2023-04-03 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

The extraordinary moment will present newsrooms with a slew of coverage conundrums and test how well outlets have adapted to reporting on Trump since he left office in disgrace and largely vanished from the public view. Beware making this some Mano a Mano, Alvin Bragg versus Donald Trump story.”► Molly Jong-Fast: “He needs to be covered as a truth sandwich. if you can don’t repeat the lies. Trump is a candidate and also likely a defendant, treat him like every other candidate and defendant. Don’t give him the benefit of the doubt.”► Alyssa Farah: “Be careful not to be spun by Trump world.

☆ Red alert recession signals
▼ + stars: | 2023-03-26 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: Everyone is back to talking about a recession. This week's dispatchFed Chair Jerome Powell Joshua Roberts/Reuters2023 started with fresh hope that the US could avoid a recession. That has big name investors and market signals predicting a recession, and soon. "Red alert recession signals," Gundlach said. Even Powell's preferred bond-market indicator says a recession is on the way this year.

☆ Gold gains as Fed hints at pause in rate hikes
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: +2 min

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009. Gold prices advanced on Thursday after the U.S. Federal Reserve hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet in a future low interest environment. Spot gold was up 0.4% at $1,976.98 per ounce, as of 0406 GMT. Traditionally considered a hedge against inflation and economic uncertainties, gold prices jumped 2% on Wednesday after the Fed raised interest rates by an expected 25 basis points, and indicated it might pause further increases after the recent collapse of two U.S. banks. Spot silver slipped 0.4% to $22.94 per ounce, platinum added 1.1% at $988.61, while palladium lost 0.5% to $1,443.57.

☆ Florida Gov. DeSantis attacks Manhattan DA over possible Trump charges
▼ + stars: | 2023-03-20 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Ron DeSantis took aim at the Manhattan district attorney Monday over his expected prosecution of a hush money case against former President Donald Trump. The remarks came as some of Trump's allies and campaign surrogates have taken note of DeSantis' silence about the possibility of criminal charges being filed against the former president. Jason Miller, Trump's senior campaign advisor, grumbled in a tweet over the weekend about the "radio silence" from DeSantis and Nikki Haley, who launched her own presidential campaign last month. Trump slammed DeSantis over his record on ethanol at a campaign event in Iowa last week. "So DeSantis thinks that Dems weaponizing the law to indict President Trump is a 'manufactured circus' & isn't a 'real issue,'" Trump Jr. tweeted.

☆ 'I hate him passionately': New court documents reveal Tucker Carlson's true feelings about Donald Trump
▼ + stars: | 2023-03-08 | by ( Natalie Musumeci | Sonam Sheth | ) www.businessinsider.com time to read: +10 min

Fox News host Tucker Carlson's true feelings about former President Donald Trump have been revealed. 'I hate him passionately'In one exchange, Carlson fantasized about not having to cover Trump after the 2020 election, saying that he "passionately" hated Trump. Referring to the decision desk staffers who made the Arizona call, Carlson texted: "Those fuckers are destroying our credibility. At another point in the same day, Carlson texted that "we've got to be incredibly careful right now. Tucker Carlson, who's ardently supported former President Donald Trump on his show, privately said he hated Trump, court filings show.

☆ Morning Bid: Bar-duh
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +3 min

And it was an own goal given the error was in a Twitter video put out by Google itself, ouch. Alphabet's shares sank almost 8%, wiping a cool $100 billion off its market cap, and dragging all of Wall Street down. "Monetary policy in Sweden is clearly more restrictive than in the Euro-area," they say. "If the ECB therefore ends up with a 3.25% terminal rate (our forecast), we think the Riksbank will not be able to follow suit and take the policy rate to 3.75%." Key developments that could influence markets on Thursday:- Riksbank rate decision and Feb monetary policy report due at 0830 GMT.

☆ Here's why 2023's stock rally could fizzle out and end up burning bullish investors
▼ + stars: | 2023-02-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now let's turn to the stock market. Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. The surging stock market suggests that investors are fairly optimistic these days. In a Friday note, strategists said the stock market is set to peak in the next two weeks because inflation could come roaring back. US stock futures fall early Monday, after Friday's strong US jobs report fueled speculation that interest rates will rise further.

☆ The art of the buffet: Cruise chef of two decades explains how ships feed thousands of passengers at sea
▼ + stars: | 2023-02-03 | by ( Hannah Towey | ) www.businessinsider.com time to read: +7 min

Marco Goetz has worked on some of the world's largest cruise ships as an executive chef. "On land, your daily routines are more organized — you know what is coming," Goetz told Insider. The art of the buffetGuests are served food in the Marketplace buffet onboard the cruise ship MSC Virtuosa. Throughout the cruise, buffet options are adjusted in accordance with guests' nationalities, Goetz told Insider. But, cruise ship workers receive living quarters (most chefs have their own cabin) and meals for free.

☆ Here's everything the Fed is expected to do Wednesday
▼ + stars: | 2023-02-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Evelyn Hockstein | ReutersThis week's Federal Reserve meeting will be remembered more for what policymakers say than what they do. Fed projections released in December indicate no cuts this year and continued rate hikes. That will take the fed funds rate to a target range of 4.5%-4.75%, the highest since October 2007. Though some Fed officials, such as St. Louis Fed President James Bullard, have suggested the rate hike could be half a point, there's virtually no chance of that happening.

☆ Worker demands for more money on the job hit a record level, a New York Fed survey finds
▼ + stars: | 2022-12-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

The level surpassed the $73,283 record reached earlier this year in March, which it had more recently dipped below. The continued strength in the labor market will will put pressure on companies to keep using price as a lever to make back some of the margin lost to labor costs. This approach to offering more pay doesn't tie them into salary increases which can't be easily reversed, and also does not factor into the wage inflation trend for long. But for now Powell is stuck with a labor market that isn't relenting to Fed policy as quickly as hoped. "We do see a very, very strong labor market, one where we haven't seen much softening, where job growth is very high, where wages are very high.

☆ Here's everything the Federal Reserve is expected to do Wednesday
▼ + stars: | 2022-12-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

U.S. Federal Reserve Board Chairman Jerome Powell holds a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022. Kevin Lamarque | ReutersCall it a sign of the times where a half percentage point interest rate increase from the Federal Reserve is considered looser monetary policy. In 2022, they've done it five times — four times for three-quarters of a point and once for a half percentage point — with Wednesday's widely anticipated 0.5 percentage point move to be the sixth. Wednesday's meeting of the rate-setting Federal Open Market Committee will bring an assortment of moves to chew on. The 'dot plot' and the 'terminal rate'That "terminal rate" of which Masotti spoke references the expected end point for the Fed and its current rate-hiking cycle.

☆ Hershel Walker's team isn't allowing journalists 'within 20 feet of him' in lead up to Senate run off, says reporter
▼ + stars: | 2022-12-01 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Georgia Senate candidate Hershel Walker is facing Raphael Warnock in a runoff election next week. Walker, who has been endorsed by Trump, has not spoken to reporters for nearly two months. An Axios reporter tweeted Wednesday that Walker's team isn't allowing journalists within 20 feet of him. "New rule at Herschel Walker events: journalists can't get within 20 feet of Walker afterward," politics reporter Emma Hurt tweeted on Wednesday, alongside a picture of yellow barricades set up around a Walker campaign bus. The Atlanta Journal-Constitution reported on November 29 that Walker hadn't taken questions from reporters on the campaign trail for almost two months.

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