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☆ Jamaal Bowman may be the most endangered Squad member. He doesn't seem alarmed.
▼ + stars: | 2024-05-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

Advertisement"He was recruited by AIPAC to run against us because we called for a permanent cease-fire," Bowman said of Latimer. In January, Bowman lost the support of the liberal pro-Israel group J Street over his rhetoric on Israel. Like Bowman, Latimer has a blunt and direct speaking style that sometimes leades to gaffes, such as his invocation of the racist lynching of Emmett Till when commenting on the sexual misconduct allegations against then-Gov. When asked about Bowman's charge of racism, Latimer pointed to his appointment of Ken Jenkins, a Black man, as his deputy county executive. Bowman and Latimer have known each other for nearly four years, first meeting for coffee after the congressman's 2020 primary victory.

Persons: Jamaal Bowman, George Latimer —, Worker's, Bowman, Latimer, Sen, Shelley Mayer, Marjorie Taylor Greene, Thomas Massie, George Santos, haven't, we're, Bryan Metzger, He's, Cori Bush of, Bernie Sanders's, —, Benjamin Netanyahu, Selcuk, — Bowman, Y'all, Israel, Bowman's, he's, Eliot Engel, George Latimer, Republican Rob Astorino, Jeenah, let's, Emmett Till, Andrew Cuomo, Ken Jenkins, he'd, Brian Fitzpatrick, Tom Kean of, who's, I'm, Joe Biden, Republican megadonors, Donald Trump, MAGA, Usamah Adrabi, deriding Latimer, they've, what's, Harrison, it's, They're, I've, Bowman —, that's Organizations: Westchester, Democratic Party, Capitol, American Israel Public Affairs Committee, Democratic, Israel, AIPAC, Getty, J, Republican, Washington, Working Families Party, Hamas, that's, Business, Mount Vernon High School, Apple Locations: Port Chester , New York, Congress, Westchester County, Mount Vernon, Port Chester, Cori Bush of Missouri, Israel, Queens , New York, Anadolu, Gaza, Westchester, Rye —, York, Latimer, White Plains , New York, Pennsylvania, Tom Kean of New Jersey, New York, California, Bronx, Yonkers, New Rochelle, Scarsdale, Rye, Harrison, Mount Vernon , New York, American

The billionaire has shared videos of the Argentine president attacking “social justice” with his 182 million followers. One doctored image, which implied that watching a speech by Mr. Milei was better than having sex, is among Mr. Musk’s most viewed posts ever. Mr. Musk has helped turn the pugnacious libertarian into one of the new faces of the modern right. But offline, he has used the relationship to press for benefits to his other businesses, the electric carmaker Tesla and the rocket company SpaceX. “Elon Musk called me,” Mr. Milei said in a television interview weeks after taking office.

Persons: Javier Milei, Elon Musk, Musk, Milei, Musk’s, Tesla, “ Elon Musk, ” Mr Organizations: South, ”, Argentine, SpaceX Locations: Argentina

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Marjorie Taylor Greene isn't so powerful after all
▼ + stars: | 2024-05-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewRep. Marjorie Taylor Greene is backing off her threat to oust Speaker Mike Johnson — for now. It was already unlikely that Ukraine aid would come up again this year after Congress approved another $60 billion last month. It was already unlikely that Ukraine aid would come up again this year after Congress approved another $60 billion last month. House Republicans already have a rule requiring this, though it's been violated a number of times, including on Ukraine aid. House Republicans already have a rule requiring this, though it's been violated a number of times, including on Ukraine aid.

Persons: —, Marjorie Taylor Greene, Mike Johnson —, Johnson, Thomas Massie of, it's, Donald Trump, Joe Biden, Greene, Trump, Kevin McCarthy, sapping Organizations: Service, Georgia Republican, Business, House Republicans, Republicans, of, Democratic, Republican, Democrats Locations: Thomas Massie of Kentucky, Ukraine

☆ Retailers jacked up prices and squeezed consumers. They might have just blinked
▼ + stars: | 2024-05-05 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

“There’s just less dollars for consumers to spend.”The challenge for retailers now is to shake consumers out of that frugal mindset. Retail spending has increased in seven of the past 10 months through March. “If you want to convince consumers to spend you have to give them a reason to do so. Lower prices are a clear opportunity to drive people into the store or online.”It’s a lever that Walmart, he said, has pulled forever. Clothing chain H&M told analysts during its most recent earnings call that it, too, would lower prices.

Persons: Sarah Wyeth, ”, Chad Lusk, Alvarez, ” Wyeth, “ There’s, they’re, Zak Stambor, Stambor, Joe Raedle, ” Stambor, “, ” Jesper Brodin, ” Brodin, ” Michaels, ” Ashley Buchanan, Michaels, Lars Daniel Ervér, Frida, Chuck, – CNN’s Bryan Mena Organizations: New, New York CNN —, Ikea, Shoppers, “ Retailers, CNN, Walmart, Ingka, “, Cheese, Stambor Locations: New York, Hallandale Beach , Florida

☆ Inside Rep. Rob Menendez's fight to be more than a 'nepo baby'
▼ + stars: | 2024-05-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

"I don't have the capacity to think through, well, what if, what if, what if," Menendez told me. Mayor Bhalla told me that he began contemplating his primary challenge shortly after the elder Menendez was first indicted in September. AdvertisementSitting in his recently opened campaign office, the mayor told me that the most important facet of his candidacy was his fight against New Jersey's party boss-driven political culture. "Everything here is a headline or a deadline driving the process," Councilman Paul Presinzano said of Mayor Bhalla. Menendez looks on as Bhalla's opening remarks at a Jersey City candidate forum are filmed by a cameraman.

Persons: Rob Menendez —, Sen, Bob Menendez —, Ravi Bhalla, Menendez, —, Rob Menendez, Bob Menendez, who's, that's, frat bro, I've, Stephen Chernin, he's, father's, Phil Murphy, Bhalla, Pete Buttigieg, outraise Menendez, Ted Shaffrey Bhalla, Menendez —, there's, They're, Andy Kim, Tammy Murphy, James Solomon, you've, hasn't, bossism, Anna Moneymaker, deriding, didn't, I'm, wasn't, we're, It's, Sam Bankman, rZ6H2IB4N0, — Rob Menendez, @RobMenendez4NJ, Councilwoman Tiffanie Fisher, Kim, Fisher, Paul Presinzano, Union City —, Donald Trump, Bryan Metzger, Rob's, Tammy Murphy's, He's, Cory Booker, Rob Menendez Bhalla, Steve Fulop —, corruptly Organizations: Hoboken, Service, Nike Air Force, Gov, Port Authority of New, New Jersey ., Sikh American, Congress, South, AP, New, Democratic Rep, First, Jersey City, Getty, Lipton Tea Company, House Transportation, Infrastructure, Union City, Homeland Security, Democratic, House Democratic, Facebook Locations: New Jersey, Manhattan, Jersey, Hoboken, Port Authority of New York, he's, Jersey City, Washington ,, Washington and NJ, Menendez's, Union City

☆ Beth Rodden: After her kidnapping, she was ‘embarrassed’ to feel traumatized. Now, this climber is learning to be vulnerable
▼ + stars: | 2024-05-01 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +7 min

CNN —Weeks after being taken hostage by captors from the Islamic Movement of Uzbekistan, American climber Beth Rodden was back home – but plagued by nightmares of her ordeal. On their return to the US, Rodden was baffled to find that people within the climbing community were inclined to “celebrate” their ordeal. And obviously, this was a harrowing tale,” Rodden tells CNN Sport 24 years on from the incident. Rodden struggled with insomnia and nightmares, and although she went to a few therapy sessions she says she didn’t really open up. People that are postmenopausal that are older, younger – I feel like it’s just becoming a more inclusive, well-rounded community,” she added.

Persons: CNN — Weeks, Beth Rodden, Rodden, Tommy Caldwell, –, Caldwell, Beth Radley, Jason Smith, John Dickey, ”, ” Rodden, Rich Pedroncelli, “, ‘, It’s, ‘ You’re, ’ Rodden, Ryan Moon, There’s, Smith Organizations: CNN, Islamic, of, CNN Sport, “ Locations: of Uzbekistan, American, Kyrgyzstan, Kyrgyz, Tajikistan, El Capitan, Davis , California, perfectionism, Yosemite, Oregon

☆ Democrats' dilemma: Which hard-right Republican should they side with?
▼ + stars: | 2024-05-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Mike Johnson is almost certain to survive MTG's effort oust him due to the support of Democrats. But progressives are unsure how to handle the vote, with some citing Johnson's own hard-right views. AdvertisementNext week, Democrats will be siding with a Republican that they've derided as being slavishly loyal to Donald Trump, wedded to evangelical Christian nationalist beliefs, opposed to LGBTQ+ rights, and a danger to American democracy. Some of them haven't decided whether that person is Speaker Mike Johnson or Rep. Marjorie Taylor Greene. After all, House Democrats voted unanimously with Rep. Matt Gaetz of Florida to oust then-Speaker Kevin McCarthy in October.

Persons: Mike Johnson, —, they've, Donald Trump, haven't, Marjorie Taylor Greene, Johnson, — it's, Matt Gaetz, Kevin McCarthy, Mark Pocan, I'm, Alexandria Ocasio, Cortez, Ilhan Omar, Minnesota, Greg Casar, Texas —, Mike Johnson shouldn't, doesn't, Greene, it's, Omar, Ro Khanna, Khanna Organizations: Service, Republican, Democratic, House, — Rep, Congressional Progressive Caucus, CPC, New, CNN, Republicans, Democrats Locations: Georgia, Florida, Wisconsin, Alexandria, Cortez of New York, Texas, Cortez, New York, California, Ukraine, Israel

☆ Interest rates: It’s a mystery when the Fed will begin to cut them
▼ + stars: | 2024-04-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. That guidance will be key for market observers who clearly have divergent views on interest rates. Forecasts from major Wall Street banks on the first rate cut are all over the place: JPMorgan and Goldman Sachs expect the first cut in July, while Wells Fargo is betting on September. Some Fed policymakers, meanwhile, have even floated the possibility of a rate hike, instead of a cut.

Persons: Goldman Sachs, Wall, Liz Ann Sonders, Charles Schwab, Jerome Powell, “, ” Kathleen Grace, John Towfighi, That’s, nearshoring, Alberto Ramos, Ramos, Morgan Stanley, Read, Cindy Westman, —, Brian Fung, Jason Carroll, I’ll, ”, Westman, ’, Westman — Organizations: CNN Business, Bell, Washington CNN, Federal Reserve, JPMorgan, Bank of America, CNN, Labor Department, Manufacturing, Commerce Department, Program, Social Locations: Washington, Wells, Mexico, —, China, United States, Eureka , Illinois

☆ 29-year-old ex-bartender now earns $100,000 working in AI without a college degree—here's how
▼ + stars: | 2024-04-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

For a while, Maruyama thought her career options without a college degree would be limited to low-wage jobs or becoming an entrepreneur. Cosmetic tattoo artists, who need to complete classes and acquire a license, tattoo permanent makeup and can camouflage bald patches and tattoo full scalps to create the appearance of hair. Maruyama obtained her cosmetic tattoo artist license in 2018 while living in Savannah. Most of the open jobs Maruyama saw online were in tech and required skills she had never heard of. At the same time, Maruyama started sharing her experience looking for — and landing — a job without a college degree on TikTok under the username @degreefree.

Persons: Maruyama, Hannah Maruyama, Ryan, Hannah, furloughed Organizations: CNBC, Georgia Southern, Georgia Southern University, Yama Studios, Honolulu Fire Department, AWS Locations: Savannah, AskMakeIt@cnbc.com, Honolulu, Hawaii, Saudi Arabia

☆ German bed pillows give me nightmares. Next time I go to Berlin, I'm bringing my own.
▼ + stars: | 2024-04-26 | by ( Jessica Furseth | ) www.businessinsider.com time to read: +6 min

Read previewI never paid much mind to the pillow I rest my head on at night until I went to Berlin. A classic German bed pillow is a monstrosity measuring 31 by 31 inches (80 by 80 centimeters if you're local). AdvertisementThe first Google result for "German pillows" is "German pillows are a crime against sleep," an article by travel blogger Ryan Murdock who writes: "I've devoted a considerable amount of time to thinking about those giant square pillows. "There's no one size fits all for pillows," said Vuu, author of "Thrive State: Your Blueprint for Optimal Health, Longevity and Peak Performance." Next time I go to Germany, I'm bringing a pillow from home.

Persons: —, Jessica Furseth, Ryan Murdock, I've, Juliane Hedderich, Kien Vuu, Vuu Organizations: Service, Business, Association of, Feather Industry, Wall Street, Health Sciences, UCLA, Health Locations: Berlin, Germany, Italy

☆ PulteGroup CEO: New traffic into sales offices have moderated in reaction to increase in rates
▼ + stars: | 2024-04-23 | 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 EmailPulteGroup CEO: New traffic into sales offices have moderated in reaction to increase in ratesRyan Marshall, PulteGroup CEO, joins 'Money Movers' to discuss the chief executive's pricing plan, moderations in traffic, and how stickier inflation is hitting PulteGroup's costs.

Persons: Ryan Marshall

☆ Biden makes another push for tuition-free community college. Here's why it may work this time
▼ + stars: | 2024-04-21 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

When President Joe Biden unveiled the details of his Plan B for student loan forgiveness, he revealed that his hope to make some college free was not dead. "I also want to make community college tuition free so you don't need loans at all," Biden said after including free community college as part of his $7.3 trillion budget for fiscal 2025. "Student loan forgiveness is a Band-Aid," said Ryan Morgan, CEO of the Campaign for Free College Tuition. "Loan forgiveness is a snapshot in time in terms of a fix," Morgan said. Alternatively, free college appeals more broadly to those struggling in the face of rising college costs, rather than after the fact.

Persons: Joe Biden, Biden, Ryan Morgan, overstepping, Morgan Organizations: Free College, Finance, Harvard

☆ Mike Johnson and progressives are strange bedfellows on Israel and Ukraine aid
▼ + stars: | 2024-04-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

House Speaker Mike Johnson is splitting Ukraine and Israel aid into separate votes. AdvertisementHouse Speaker Mike Johnson's unconventional plan to hold separate votes on Israel and Ukraine aid is designed primarily to appease House Republicans who don't want to vote for more aid to Ukraine. But it's also garnering applause from an unusual place: progressive Democrats who don't want to vote for more Israel aid. "I think it is a great plan," said Rep. Ilhan Omar of Minnesota, who supports Ukraine aid but won't vote for unconditional Israel aid. Related storiesThat's led some progressives to refuse to get on board with the Senate-passed bill, even if they support Ukraine aid.

Persons: Mike Johnson, —, Mike Johnson's, it's, Ilhan Omar, Minnesota, Omar, Biden, Israel, Alexandria Ocasio, Cortez, Ro Khanna, Johnson, Khanna, Marjorie Taylor Greene, Abigail Spanberger Organizations: Service, Israel, GOP, Democratic Senate, Democrats, Republicans, Democratic, Senate, Republican, California, House Republicans Locations: Ukraine, Israel, Gaza, Alexandria, Taiwan, Virginia

☆ Meghan Markle and Prince Harry's Huge Business Deals Keep Flopping
▼ + stars: | 2024-04-18 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Prince Harry and Meghan Markle seem like lovely people. Netflix dropped "Pearl," an animated children's series Meghan created through her and Harry's production company, Archewell Productions, before it even premiered. The audio-streaming company signed a deal with Harry and Meghan in 2020 reportedly worth $20 million. As Michael Pachter, a managing director at Wedbush Securities who's covered movies, entertainment, and tech for two decades, explained, it's because they've still got that $100 million deal. A public breakup with Meghan and Harry may also be a mess Netflix doesn't want to deal with.

Persons: Prince Harry, Meghan Markle, Duke, Duchess, Meghan, Harry, didn't, Michael Pachter, Wedbush Securities who's, they've, Michelle Obama, Ryan Murphy, Shonda, Pachter, there'll, Markle, Harry won't, They're, Jason Bateman, Will Arnett, Sean Hayes, Joe Rogan's, Magic Johnson, Chevy, Reese Witherspoon, LeBron James, Alicia Silverstone, Nicolas Cage, Demi Moore, Gayle King, Charles Barkley, She's, TIG, Emily Stewart Organizations: Netflix, Florida ., Archewell Productions, Street, Spotify, Wedbush Securities, Chevy Chase, Media, Hollywood, CNN, Archewell, Business Locations: Sussex, Florida, Plenty, British

☆ House Republicans have a wacky new plan to finally pass Ukraine aid
▼ + stars: | 2024-04-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

AdvertisementFor months, the House has been sitting on a bill that would provide aid to Ukraine, Israel, Taiwan, and humanitarian funding for Gaza. But many, if not most, House Republicans are opposed to further Ukraine aid, and House Speaker Mike Johnson now has to deal with Rep. Marjorie Taylor Greene's threat to call a vote on his ouster if he allows more Ukraine aid to pass. AdvertisementMany Republicans oppose Ukraine aid, while Democrats are increasingly skeptical of Israel aidJohnson's plan is aimed at addressing two separate pockets of opposition to the foreign aid package. After October 7, the Biden administration and Senate leaders insisted on tying Israel and Ukraine aid together, with the idea being that including Israel aid would incentivize Republicans to swallow more Ukraine aid. Johnson's plan is designed to allow progressive Democrats to vote against Israel aid, while hard-right Republicans can vote against the Ukraine aid — all while allowing the whole package to move forward.

Persons: Johnson, —, Mike Johnson, Marjorie Taylor, Israel •, they're, I'm, Democratic Sen, Chris Murphy, Biden, they've, Israel, Nancy Pelosi, George W, Greene, Thomas Massie of Kentucky, Boehner, — Thomas Massie, Massie, Republicans —, Kevin McCarthy's, Abigail Spanberger Organizations: Service, Republicans, Senate, • Fund, Democratic, Georgia, @RepMTG Locations: Israel, Ukraine, Taiwan, Gaza, Connecticut, Iraq, Russia, Virginia

☆ Regional banks will dominate rest of earnings season this week. Here's what analysts expect
▼ + stars: | 2024-04-16 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

"What we've seen is deposit pressures escalate more than previously anticipated," said Alexander Yokum, analyst at CFRA Research, who has a neutral view on regional banks. "A lot of these regional banks, they have less deposits, so if they lose deposits, it can really impact their operating results," Yokum said. "So, higher for longer, I think for a lot of regional banks, would be negative." Here's what Wall Street analysts expect from regional banks this season. Other regional banks reporting this week include Fifth Third Bancorp .

Persons: Alexander Yokum, Yokum, Goldman Sachs, Ryan M, Nash, America's Ebrahim H, Poonawala, CFRA's Yokum, Citi's Keith Horowitz, " Horowitz, Huntington Bancshares Huntington Bancshares Organizations: Regional Banking, U.S . Bancorp, New York Community, CFRA Research, JPMorgan Chase, T Bank, PNC, " Bank, America's, U.S . Bancorp U.S . Bancorp, U.S . Bank, Bank of America, Huntington, Comerica KeyCorp, Comerica, Fifth Third Bancorp Locations: U.S, New, Ohio

☆ Americans are savings less these days. Here’s why and what that means
▼ + stars: | 2024-04-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Washington CNN —Americans haven’t been stashing money into their savings accounts like they used to, according to government statistics. Put together, this may have resulted in “a structurally lower saving rate,” according to the report. What does the lower saving rate of nowadays say about the US consumer? Households are continuing to spend at these elevated rates and one reason is because of the lower saving rate. You’re just not seeing a reversal back to pre-Covid levels, which isn’t shocking when you look back historically to what has happened to the saving rate.

Persons: haven’t, “, Wells, Bell, Shannon Seery Grein, There’s, they’ve, we’ve, Matt Egan, ” Paul Knopp, Read, Goldman Sachs, Charles Schwab, Lorie Logan, Mary Daly, Johnson, Morgan Stanley, Jerome Powell, Loretta Mester, John Williams, Raphael Bostic, Austan Goolsbee Organizations: Washington CNN, Wells, KPMG, CNN, Gallup, T Bank, US Commerce Department, National Association of Home Builders, China’s National Bureau of Statistics, Johnson, Bank of America, PNC, The Bank of New York Mellon, Northern Trust, United Airlines, Federal Reserve, Abbott Laboratories, Discover, Citizens, Cleveland Fed, Taiwan Semiconductor Manufacturing, Netflix, Alaska Air, National Association of Realtors, Fed, US Labor Department, Procter & Gamble, American Express . Chicago Fed Locations: Wells Fargo, United States, Europe, UnitedHealth, Blackstone

☆ Fashion’s Favorite Farm
▼ + stars: | 2024-04-14 | by ( Jessica Iredale | ) www.nytimes.com time to read: +1 min

There are certain things the fashion industry will always love: The young and beautiful. By those metrics, Dan Colen is giving fashion a lot to love right now. A blue-chip artist represented by the mega-gallery Gagosian, he founded a farm called Sky High that donates 100 percent of its food to local pantries in upstate New York. Among the infamous work from that time were the “hamster nests” Mr. Colen created with Dash Snow. Snow ejaculated on newspapers while Ryan McGinley photographed the whole scene, including Mr. Colen’s oft-mentioned genitals.

Persons: Dan Colen, Colen, Dash Snow, Snow, Ryan McGinley, Colen’s Locations: New York, York

☆ Buy this work collaboration software maker with more than 30% upside, Barclays says
▼ + stars: | 2024-04-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Analyst Ryan MacWilliams upgraded the Australian-American software company, which develops and maintains software and provisions software hosting services, to overweight from equal weight. He raised his price target by $40 to $275, which implies 34.3% upside from Wednesday's close. In early February, the company beat second-quarter earnings and revenue estimates and gave positive fiscal 2024 guidance concerning its cloud and data center revenue growth. He indicated expectations for roughly 80% to 90% of the company's data center customers to migrate to cloud within the next three years. The analyst's upside case assumes roughly 28% revenue growth in 2024, which he thinks could happen if Atlassian continues to invest in its in-house revenue generators or pursues external portfolio additions.

Persons: Ryan MacWilliams, MacWilliams, Atlassian Organizations: Barclays, TEAM Locations: Atlassian, American, 2H24

☆ Not even AOC is calling for Sonia Sotomayor to retire
▼ + stars: | 2024-04-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewIn recent weeks, progressive figures have grown louder in calling for Associate Justice Sonia Sotomayor to consider resigning from the Supreme Court. Advertisement"I'm not in favor of telling people when they should retire," said Democratic Rep. Ilhan Omar of Minnesota. AdvertisementHanging over the discussion is the late Associate Justice Ruth Bader Ginsburg, who died in 2020 just months before the end of the Trump administration. Advertisement"Taking into account what happened to Ruth Bader Ginsburg, I get it," said Rep. Jimmy Gomez of California. "Ruth Bader Ginsburg was ill. We knew she had cancer.

Persons: —, Justice Sonia Sotomayor, who's, Ro Khanna, Ilhan Omar, Ilhan Omar of Minnesota, Alexandria Ocasio, Cortez, Sotomayor, Donald Trump, Ruth Bader Ginsburg, Trump, Ginsburg, Obama, Amy Coney Barrett, Roe, Wade, Democratic Sen, Richard Blumenthal, Jimmy Gomez, Dolores Huerta, Gomez, Ginsburg —, I'm, Justice Ginsburg, Chuy Garcia, Dean Phillips, Minnesota —, Joe Biden, Phillips Organizations: Service, Justice, Latina, Democratic, California, Business, Huffington, Senate, NBC News, Democrat Locations: Ilhan Omar of, Alexandria, Cortez of New York, —, Jimmy Gomez of California, Illinois

☆ The race for ever-cooler workplaces is leaving employees the winners
▼ + stars: | 2024-04-10 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementKat Hunt never wanted to work from home. Hunt, whose job is in finance in Portland, Oregon, needed a place for some team members to gather in New York City. Hunt wanted a spot that wasn't your typical WeWork or similar. Courtesy Kat Hunt and Radious"I was allowed to work from home, but I never wanted to," Hunt said.

Persons: —, Kat Hunt, Hunt, Radious, Amina Moreau, Moreau, Combinator, Ryan Masiello, That's, Googlers, Clelia Warburg Peters, It's Organizations: Google, JPMorgan, Service, Earth Finance, San, Francisco's Pier, Ventures Locations: luxe, Portland , Oregon, New York City, Portland, Brooklyn, San Francisco, Portland , Milwaukee, San Francisco Bay, New York, Mountain View , California, Francisco's

☆ GOP Senate candidate Kari Lake bashes Arizona's new abortion ban. She praised it less than 2 years ago.
▼ + stars: | 2024-04-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

A near-total abortion ban from 1864 will soon take effect in Arizona. GOP Senate candidate Kari Lake bashed the law as "out of step with Arizonans." AdvertisementKari Lake, the Trump acolyte and Arizona GOP Senate candidate, says she does not support a near-total ban on abortion that's set to take effect soon in the crucial battleground state. Related storiesIn June of that year, Lake said in a local radio interview that she supported the 1864 law, according to Politifact. In a statement, Gallego also bashed the court's ruling while tying it to "extremist politicians like Kari Lake."

Persons: Kari Lake, —, Lake, Kris Mayes, Katie Hobbs, Lake's, that's, Roe, Wade, she's, Donald Trump, Ruben Gallego, Gallego, Republican who's, Juan Ciscomani, Dave Schweikert, Hobbs Organizations: GOP, Service, Trump, Arizona GOP Senate, Arizona Supreme, Democratic, Democratic Rep, Republican, Reps, Arizona Republicans Locations: Arizona

☆ Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity
▼ + stars: | 2024-04-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and that it plans to furlough about 260 pilots as it tries to boost liquidity. Spirit said it will defer all Airbus planes it has on order that were scheduled to be delivered from the second quarter of 2025 through the end of 2026. The budget airline said the deferrals would boost its liquidity by about $340 million over the next two years. United Airlines pilots' union last month said the company is offering unpaid time off for pilots next month because of late-arriving planes from Boeing . The Air Line Pilots Association, Spirit pilots' union, said Monday it is exploring voluntary measures that could limit the number of pilot furloughs.

Persons: Ted Christie, Christie, Pratt, Spirit, Whitney, Ryan Muller Organizations: Spirit Airlines, Airbus, Pratt & Whitney, JetBlue Airways, Whitney, Association of, United Airlines, Boeing, Air Line Pilots Association, Spirit Locations: Miramar , Florida, City , New Jersey

☆ Spirit Airlines furloughs 260 pilots to save money
▼ + stars: | 2024-04-08 | by ( ) edition.cnn.com time to read: +2 min

CNN —Spirit Airlines said on Monday it has reached a deal with Airbus to delay all aircraft deliveries scheduled from the second quarter of 2025 through 2026 and intends to furlough about 260 pilots, as the company looks to save cash. As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1. “[The] aircraft deferrals and pilot furloughs look positive, in terms of helping the carrier to reduce [or] defer some costs. Spirit, which has been losing money for several quarters despite strong travel demand, operates an all-Airbus fleet. Spirit now expects to end 2025 with a total of 219 jets in its fleet, with no additions of the A320neo aircraft.

Persons: Stephen Trent, ”, Ryan Muller, Muller Organizations: CNN — Spirit Airlines, Airbus, Pratt, Whitney, Pratt & Whitney, Citi Research, Air Line Pilots Association

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