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During the third quarter, U.S. dealmaking contributed to a larger-than-usual share of global activity and offset a decline in volumes in Europe and Asia Pacific, accounting for about half of global volumes. Deal volumes in Europe and Asia Pacific fell 31% and 9%, respectively. To date, private equity deal volumes have slumped 48% to $313.73 billion, compared to the same period last year. Deal activity driven by activist shareholders was muted as several big-name activists reached settlements with corporate boardrooms. Dealmaking in technology, which typically accounts for the largest share of deal volumes, has fallen 51% so far this year.
Persons: Brendan McDermid, dealmaking, We're, Melissa Sawyer, Sullivan, Cromwell, dealmakers, headwinds, Tony Kim, Roark Capital's, , Andre Kelleners, Goldman Sachs, Naveen Nataraj, Kappa, WestRock, it’s, Rob Kindler, Weiss, Garrison, it'll, Anton Sahazizian, Anirban Sen, Timothy Gardner Organizations: REUTERS, Cromwell LLP, Asia Pacific, Investment, U.S . Steel, Centerview Partners, U.S . Investment, Evercore Inc, Cisco, Splunk Inc, Fidelity National Information Services, Reuters, Paul, Moelis, Thomson Locations: New York City, U.S, United States, Europe, Asia, Cleveland, Rifkind, Wharton, New York, London
Sept 18 (Reuters) - Cadence Bank (CADE.N) CEO Dan Rollins calls the regional banking crisis from earlier this year "March madness." Interviews with half a dozen regional bank executives and economists show the March banking crisis has had a lasting impact on the regional banking industry and the economy. Torsten Slok, chief economist at Apollo Global Management, said the banking crisis had "a magnifying effect" on the Fed's tightening but its full impact would come with a lag. The failure triggered a crisis of confidence, with depositors moving their money from regional banks to the perceived safety of the largest lenders. The KBW Regional Bank Index (.KRX) is down about 20% since early March despite a summer rebound.
Persons: Dan Rollins, Rollins, Mark Zandi, , Zandi, Torsten Slok, Slok, Cadence's Rollins, Steve Wyett, Wyett, Banks, Cadence’s Rollins, Randy Chesler, Chesler, Moody's Zandi, Jeff Jackson, Raj Singh, Singh, Paritosh Bansal, Anna Driver Organizations: Cadence Bank, Moody’s, Apollo Global Management, Bank, Reuters Graphics, Valley, Regional, BOK, Federal, Loan, Thomson Locations: . Federal, Silicon, Tulsa , Oklahoma, Kalispell , Montana, Wheeling , West Virginia
Jeremy Grantham issued grim warnings about the US stock market and economy this week. Grantham touched on meme stocks, banking risks, real estate, commodities, and Elon Musk's Tesla. GMO's cofounder and long-term investment strategist also reflected on his inadvertent investment in a meme stock, advised against buying real estate or commodities, and touted Elon Musk's Tesla and other companies fighting climate change. "I would be very careful with real estate. So I wouldn't touch real estate."
Persons: Jeremy Grantham, Grantham, Elon Musk's Tesla, There's, it's, dopey VWs, they've Organizations: Service, Livewire Markets, General Motors, Panasonic, dopey, Grantham Locations: Wall, Silicon, Sydney, craziness, Grantham
CNN —Demolition of the Los Angeles area home where Marilyn Monroe spent her last months has been put on hold by Los Angeles City Council, following a last-minute motion aimed at designating the house a Historic-Cultural Monument. Baron/Hulton Archive/Getty Images Norma Jeane Mortenson, who later changed her name to Marilyn Monroe, was born in 1926 in Los Angeles. Hulton Archive/Getty Images She was in several movies in 1950, including "The Asphalt Jungle" and "All About Eve." Hulton Archive/Getty Images Monroe wins a trophy at the "Star Of Tomorrow" Awards in Los Angeles in 1952. Bettmann Archive/Getty Images Monroe and former Yankees baseball player Joe DiMaggio leave city hall after their wedding.
Persons: Marilyn Monroe, Traci, Baron, Norma Jeane Mortenson, Gladys Baker, Marilyn, Claudette Colbert, Monroe, Jim Dougherty, Grace McKee, Grace, Michael Ochs, Norma Jeane, Emmeline Snively, Richard C, Miller, Donaldson, they're, Ben Lyons, Lyon, Theisen, he'd, Mira Sorvino, Frank Cronenweth, Peggy Martin, Shutterstock Monroe, Phil Moore, J R, she's, Johnny Hyde, Nancy Lee Andrews, you'll, Earl Leaf, Ray Anthony Band, Shutterstock, David Wayne, Christina Newland ., Kardashian, Amber Tamblyn, Alfred Eisenstaedt, Jane Russell, Joe DiMaggio, Amy Greene, Monroe's, Matty Zimmerman, DiMaggio, Joe, it's, Ella Fitzgerald, that's Ella Fitzgerald, Ed Feingersh, Elizabeth Winder, Ellen Burstyn, Arthur Miller, ullstein, He's, Harold Clements, Queen Elizabeth II, Laurence Olivier, Sugar Kane, Billy Wilder, I'm, Christina Newland, John F, Kennedy, Robert Kennedy, It's, Cecil W, Marilyn Monroe's, , Organizations: CNN, Los Angeles City Council, Department of Building, Safety, Hulton, Michael Ochs Archives, Model Agency, Century Fox, Columbia Pictures, Columbia, West Hollywood, Photoplay, Getty, Gentlemen, Fox, Hollywood, Bettmann, Yankees, US, Tiffany Club, New York, Grand Central, Queen, Royal, Daily Herald, Stoughton, Alamy, Los Angeles City, Historic Resources Locations: Los Angeles, Brentwood, Monroe, West Virginia, Columbia, Warrenburg , New York, American, Hollywood, Korea, York, New York, California, Hollywood , California, New, Grand, London, England, Polyclinic, Madison
Kim Kardashian reveals she broke her shoulder
  + stars: | 2023-08-08 | by ( Marianne Garvey | ) edition.cnn.com   time to read: +1 min
CNN —Kim Kardashian is on the mend. The SKIMS creator revealed this week that she had broken her shoulder, but that she is doing better now. “I broke my shoulder and tore the tendon so I’ve been out of the gym for a few weeks but I’m back!” she said in a recent Instagram Story on her verified account. In the story Kardashian was with her trainer, Melissa Alcantara, who was helping her with a recovery workout. In May, Kardashian appeared on the “On Purpose with Jay Shetty” podcast, where she stressed the importance of her workouts.
Persons: CNN — Kim Kardashian, , I’ve, Kardashian, Melissa Alcantara, ” Kardashian, “ Nothing’s, Jay Shetty, Kanye West Organizations: CNN Locations: Miami, Saint, Chicago
Morgan Stanley economists see a stronger housing market cycle and interest rates being cut in 2024. Luckily, Morgan Stanley strategists think the housing market is finally reaching a turning point. That will mark the end of the current craziness and the beginning of a new housing market cycle. As for the US industries and stocks connected to the housing market, Wilson noted that tomorrow's market will bring about different winners and losers. Higher interest rates mean higher mortgage rates, and higher mortgage rates mean lower demand for mortgages.
Persons: Morgan Stanley, Mike Wilson, Wilson, homebuyers, there's, isn't, Morgan Stanley Wilson Organizations: Housing Locations: homeownership, rentership
Stephen Prothero wrote the book “Religious Literacy,” about the absence of religious literacy in American civic life. I wonder how many people who are reading that have alarm bells going off about the state of American civil society. American religion has long been entrepreneurial, and American religion will likely adapt in ways that increase religious participation in the medium to long run. But I fear that American society and social services will suffer in the short run. This is my understanding of religion, of pluralism, of social change: If you tell an inspiring story, people will want to move in that direction.
Persons: Stephen Prothero, Jessica Grose’s, , Organizations: Catholic Locations: America
Bre Fleschner hosts bachelorette party groups in her "Barbie-ish" Airbnb in Tempe, Arizona. The desert dream house includes a heated pool in the backyard. It's since turned into my desert dream house. A lot of people are now doing what I'm doing, so I want to find ways to stay on top. bachelorette desert dream house couch Courtesy of Bre FleschnerHowever, the Airbnb landscape is changingThis time last year I had approximately twice as many bookings as I do this year.
Persons: Bre, , Bre Fleschner, It's, I've, Fleschner, they'd, Louis, It's Barbie, haven't, I'm, What's, hasn't Organizations: Service, HGTV Locations: Tempe , Arizona, Nashville, Orlando, Miami, Arizona, St, Scottsdale, Tempe, Phoenix, Palm Springs, Florida
Navigating air travel at this time of year can be fraught, but it doesn’t have to be – and if anyone’s got intel on smoothly and successfully surviving summer travel, it’s the flight attendants who’ve seen it all. But the flight attendants say the lost sleep is worth it in the long run. Andrew adds that this advice is especially crucial if you’re flying internationally, suggesting that whatever you consider a “normal” connection time, you should probably double if you’re flying long haul. Consider whether check-in luggage is necessaryThe flight attendants always travel with carry-on luggage only and generally speaking encourage others to do the same. Rich Henderson, flight attendantOften flight attendants are just as clueless as passengers.
Persons: anyone’s, who’ve, Rich Henderson, Andrew Henderson, Rich, Andrew, Essence Griffin, who’s, , Griffin, , hasn’t, There’s, you’re, that’s, you’ve, “ They’ll, it’s, ” Rich, she’s, they’ve, ” Griffin, she’d, They’ve, there’s, Andrew’s, Ying Tang, we’ve, Andrew points, Rich haven’t, I’ve, “ I’m, They’re, , , ” Rather, what’s, “ We’re, It’s, aren’t, ” Griffin’s, ” Andew Organizations: CNN, intel, , Netflix Locations: There’s, Europe, Duesseldorf, Germany
"The US inflation shock is over", so the Fed need not hike interest rates any more, according to the chief economist of the Institute of International Finance. The IIF's measure of "inflation generalization" has fallen to the lowest level since February 2021, Robin Brooks said. US inflation has been steadily cooling from its mid-2022's highs, coming in at 4.0% in May on an annual basis. "The US inflation shock is over. While Brooks suggests the threat of inflation has faded, other market commentators have raised concerns inflation is sticky and can lead to stagflation.
Persons: Robin Brooks, , Brooks, Goldman Sachs Organizations: Institute of International Finance, Service, CPI, Federal
Best cheap car options in 2023
  + stars: | 2023-06-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +5 min
CNN —You’ve probably seen shocking headlines saying the average price of a new car has reached about $48,000, according to industry analysts like Edmunds.com. The Chevrolet Trax, with a starting price around $20,000, garnered compliments on a recent test drive. The 2023 Kia Rio was rated as the best overall value by Cars.com. “The Nissan Versa [with a manual transmission] is like sixteen and change, and that’s a really, really pretty nice car,” said Quiroga. “But if you’re if you’re willing to persist and stick to your budget, you absolutely can [find a good inexpensive car] if you can keep an open mind.”
Persons: CNN — You’ve, Ford Maverick, Ford “, , Tony Quiroga, you’re, Jane Ulitskaya, Kia Rio, Cars.com, Driver’s Quiroga, Zach Gale, ” Gale, Quiroga, Gale, , it’s Organizations: CNN, Chevrolet Trax, General Motors, Trax, Chevrolet, Ford, Apple, Cars.com, Kia, Android, Ford Maverick XL, Co, MotorTrend’s, Nissan
Sabalenka, the hardest-hitting player on the women's tour and the 2023 Australian Open champion, raced to a 5-0 lead with Stephens winning a total of just eight points. With her own first serve wilting, Sabalenka, in complete freefall by now, missed another two set points at 5-4 on Stephens' serve before her opponent spectacularly levelled and then held to take it to a tiebreak. The Belarusian, looking win a second Grand Slam trophy, managed to pull herself together at the last moment, clinching the first set on her fourth opportunity. She cut down on the unforced errors in the second set but again Stephens battled back from 4-2 down to level before Sabalenka broke again to go 5-4 up and serve out the match. I'm super happy with this win," Sabalenka said in comments given to women's governing body WTA after she refused to do a post-game interview for the second time in a row.
Persons: Roland Garros, Sabalenka, Sloane Stephens, Kai Pfaffenbach PARIS, American Sloane Stephens, Ukraine's Elina Svitolina, Stephens, Karolos Grohmann, Ken Ferris, Pritha Organizations: U.S, REUTERS, American, WTA, Svitolina, Thomson Locations: Paris, France, Belarus, Belarusian, Ukraine
Secrets of a superyacht and private jet chef
  + stars: | 2023-06-01 | by ( Francesca Street | ) edition.cnn.com   time to read: +19 min
She loves cooking, traveling and adventure, so she’s working her dream job. So captains or crew would recommend me, clients would recommend me to their friends.” Grace Dvornik, private chef“I was hired as a chef right away on a 64-foot sailing yacht,” says Dvornik. “In my personal experience, I haven’t had many celebrities.”As well as accommodating a range of clients, Dvornik has also acclimatized to a revolving door of colleagues-slash-roommates. While yacht crew are usually confined below deck, Dvornik says there are opportunities to enjoy the perks of living on a superyacht. But working in private aviation, Dvornik gets to spend a bit more time exploring.
Persons: Grace Dvornik, Dvornik didn’t, Dvornik, Dvornik’s, , , “ It’s, Dvornik “, she’d, ” Grace Dvornik, ” Dvornik, She’s, she’s, “ I’ve, she’ll, there’s, , haven’t, I’m, deckhands, , It’s, ” Dvornik’s, they’ve, ” “ I’ve, Grace Dvornik Dvornik, it’s, ” She’ll, ” She’s, “ I’m Organizations: CNN, Ashburton Chefs Academy, George Brown College Chef School, J, Bravo, ” Yacht Locations: Caribbean, Bahamas, superyachts, Clearwater , Florida, Toronto, Canada, Wyoming, , , Italy
The retired, polyglottic tennis star can offer directions in English, French, or German, and is the first person to record custom navigation in three different languages, the navigation app said on Wednesday. The 41-year-old Swiss offers a variety of motivational messages to drivers, on top of basic directions. "It's drive time - I can feel the adrenaline kicking in already," Federer says in one recording. I'm ready to coach you along the way." Federer joins an assortment of celebrity voices on the navigation app, which Alphabet Inc (GOOGL.O) acquired for $1 billion in 2013, including pop stars Christina Aguilera and the Jonas Brothers.
Persons: Europe's Rafael Nadal, Roger Federer, Team World's Jack Sock, Frances Tiafoe REUTERS, Andrew Boyers, Federer, Christina Aguilera, Jonas Brothers, Amy Tennery, Toby Davis Organizations: Laver, Team, Thomson Locations: London, Britain, Swiss, New York
Given the current math in the chamber, every senator in the Democratic Caucus would need to support such a change. The president’s focus, Kikukawa said, remains preventing default, and “other options are a question for another day.”Originally Boyle backed eliminating the debt limit entirely. She and Jeffries both pointed out that Senate Minority Leader Mitch McConnell had in 2011 supported a backdoor solution to that debt limit fight, which would have given then-President Barack Obama power to raise it on his own just that one time. Several swing district Democrats, though, told CNN that they were wary of supporting a change, calling the debt limit authority an important check on the presidency and on spending, despite their opposition to how it was used this time. This has been such a torturous experience for my Democratic colleagues that I hope they will not forget,” Boyle said.
Persons: Joe Biden, Chuck Schumer, couldn’t, West Virginia Sen, Joe Manchin, Arizona Sen, Kyrsten Sinema, Massachusetts Sen, Elizabeth Warren, Brendan Boyle –, Hakeem Jeffries, Pramila Jayapal, Nancy Pelosi, , Boyle, , ” Boyle, Biden, wasn’t, Michael Kikukawa, Kikukawa, , MAGA, ” Jeffries, he’s, , ’ ” Warren, “ It’s, Warren, ” Warren, Steve Ricchetti, Pelosi, Schumer, Jeffries, Mitch McConnell, Barack Obama, ” Pelosi, ” Jayapal, Hawaii Sen, Brian Schatz, ’ ” Schatz, who’ve Organizations: CNN, Capitol, Democratic Caucus, West, Pennsylvania, White, Treasury Department, Senate, Congressional Progressive Caucus, SNAP, Democratic Locations: West Virginia, Arizona, Massachusetts, United States, Hawaii
CNN —Kim Kardashian is a business mogul, lawyer in training and reality TV star – but says her most challenging, and rewarding, job is being a mom. “Everyone says the days are long and the years are short, and that couldn’t be a more true statement,” Kardashian said. “Especially when they’re babies and you’re feeding and there’s madness going on.”“It’s the best chaos though,” she added. They wed in 2014, in a lavish European ceremony, before Kardashian filed for divorce in 2021. “It is the most challenging, rewarding job on this planet,” she said.
CNN —Uber is rolling out new features to make it easier for people of all ages to access its ride-hailing service, including an option that will let teens under the age of 18 ride alone for the first time. Previously, those under the age of 18 were not allowed to use Uber without being accompanied in the car by an adult. A live trip-tracking feature also lets a parent follow the trips’ progress via the Uber app. And parents can contact the driver directly during the trip as well as contact Uber’s support team. Uber has reported strong growth in recent quarters, defying a slump that has hit much of the tech sector in recent months.
These updates included accounts for teens, group rides, group grocery orders, and Nuna car seats. These updates included accounts for teens, group rides and grocery orders, and a partnership with car seat brand Nuna. Teen accounts on Uber will be available in some US and Canadian cities beginning on May 22. Group rides will roll out in the upcoming weeks, though Uber did not provide a specific date. Group grocery ordersUberBeginning on May 17, a new group order feature on UberEats will allow you to split your weekly grocery delivery with your family or roommates.
Atlanta Federal Reserve President Raphael Bostic said Monday that he doesn't foresee rate cuts at least through 2023, even if there's a recession. "If there's going to be some cost to that, we've got to be willing to do that." "If there's going to be a bias to action, for me would be a bias to increase a little further as opposed to cut." On inflation, Bostic said he remains optimistic, while Goolsbee said, "Inflation is improving, but it's not improving that rapidly." "There's still a lot of confidence that our policies are going to be able to get inflation back down to our 2% target," Bostic said.
TEL AVIV — Israel and Palestinian Islamic Jihad have agreed to a cease-fire ending five days of fighting between the two sides, one U.S. official and one Israeli official told NBC News on Saturday. The fighting has killed 33 Palestinians inside Gaza, including at least 13 civilians. Over the past few days, Israel has conducted more airstrikes, killing other senior Islamic Jihad commanders and destroying their command centers and rocket-launching sites. The Israeli military alleged the targeted homes belonged to or were used by Islamic Jihad militants. Islamic Jihad has retaliated by firing over 1,200 rockets toward southern and central Israel, according to the military.
CNN —May is Mental Health Awareness Month, and this year it seems to coincide with a flurry of violent headlines. “One of the things that we underestimate as a society is how our global mental health impacts us as individuals. Some of them marked Mental Health Awareness Month by sharing advice and insight with CNN’s Elizabeth Belanger about what is working for their communities. CNN Hero Michele Neff Hernandez Sam Comen/CNNWe have to model good mental health care by learning about mental health with the same vigor we use to learn about physical health. It takes all of us to realize mental health needs to be talked about, not buried under the rug.
CNN —Jerry Springer, the former Cincinnati mayor and longtime TV host whose tabloid talk show was known for outrageous arguments, thrown chairs and physical confrontations between sparring couples and homewreckers, has died, Bradley Singer, his agent, said Thursday. Springer once told CNN that he did not mind being referred to as the “grandfather of trash TV,” saying in 2010, as “The Jerry Springer Show” celebrated its 20th anniversary on the air: “It’s probably accurate. “You know, when I first heard it, I can came back home and I figured: Oh, my gosh, you know. Jerry Springer at NBC studios, in 1992. Steve Kagan/The Chronicle Collection/Getty ImagesSpringer’s anchor work led to a Cincinnati-based talk show that later became the nationally syndicated, “The Jerry Springer Show.”In 1998, he told WLWT of the people who objected to his show: “I think that’s fair.
Built from weathering steel and glass, with a metal door finished in bright yellow automotive paint, the studio measures just under 300 square feet. It was designed by Tom Kundig, the architect who founded the Seattle-based firm Olson Kundig. “I just said, offhand, ‘Wouldn’t it be cool if you could just take that office, that studio, and put it on tracks,’” recalled Mr. Kundig, describing the meeting where he listened to Mr. Maxon explain his desire for a home office that could provide isolation. “It was a joke.”But the more they batted the idea around, the more appealing it seemed — and the more daunting. “It’s a really simple idea, but requires all sorts of craziness to get there,” Mr. Kundig said.
Ron DeSantis is waging a war against 'woke' public schools. On Monday, the governor signed universal school vouchers into law, which both conservatives and liberals expect to hurt public schools. Public school enrollment has only dropped a few percentage points, from 89.6% to 87.2%, since Republican Gov. Now, however, DeSantis' move to broaden the voucher program to all Florida families could meaningfully threaten funding for public schools. Spar fears universal vouchers "will literally siphon money away" from public schools because it's all under the same education budget.
"Stop this judicial process before it is too late," Arnon Bar-David, Israel's Histadrut union leader, said in a televised speech, addressing Netanyahu directly. Protests have taken place across Israel for the last four months, sparked by anger at controversial judicial reforms pushed by Netanyahu's government, the most right-wing in Israel's history. The planned overhaul would significantly weaken the country's judiciary and make it harder to remove Netanyahu, Israel's longest-serving prime minister, from power. On Sunday, Netanyahu's office announced the dismissal of Defense Minister Yoav Gallant, who had opposed the motion, escalating protests. "We must all stand up strongly against refusals," Netanyahu said on Twitter around the time of the announcement, without directly referencing Gallant.
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