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☆ The stock market is going to be trading flat as long as risk-free assets offer much more yield
▼ + stars: | 2023-03-20 | by ( Max Adams | ) www.businessinsider.com time to read: +6 min

Meanwhile, markets are still reeling from the SVB fiasco, but there's a simpler reason why the stock market is going to be trading flat for the foreseeable future. Banking turmoil aside, the stock market doesn't have much momentum as long as investors are getting much higher yields on risk-free assets. Even before Silicon Valley Bank crashed, investors were feeling the pain of a volatile stock market. What's your prediction for the stock market through the first half of this year? Zurich-listed shares of Credit Suisse are down more than 58% early Monday.

☆ Unemployment for Black and Hispanic women rose in February, but more workers join the labor force
▼ + stars: | 2023-03-10 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Olivier Douliery | AFP | Getty ImagesThe unemployment rate for Black and Hispanic women rose in February, but so did the number of people looking for jobs. Women aged 20 and over in the labor force tracked that move, with the unemployment rate rising slightly to 3.2% from 3.1%. Black women saw their unemployment rate jump to 5.1% from 4.7%. For Hispanic women, the labor force participation rate rose slightly to 61.3% from 61.1%, while the employment-population ratio stayed unchanged at 58.4%. In February, the U.S. economy added 311,000 payrolls, though the unemployment rate ticked up and wages rose slightly.

U.S. Secretary of State Antony Blinken told Russian Foreign Minister Sergei Lavrov to end the war and urged Moscow to reverse its suspension of the New START nuclear treaty, a senior U.S. official said. The Russian foreign ministry said Lavrov and Blinken spoke "on the move" for less than 10 minutes at the end of the closed-door session, and did not engage in any negotiations, Russian news agencies reported. Blinken later told a news conference he had told Lavrov to engage in diplomacy during the unscheduled encounter. [1/6] U.S Secretary of State Antony Blinken (top L) walks past Russian Foreign Minister Sergei Lavrov (lower) during the G20 foreign ministers' meeting in New Delhi on March 2, 2023. French Foreign Minister Catherine Colonna said the war in Ukraine had hurt "almost every country on the planet, in terms of food, energy, inflation".

☆ Blinken has 'no plans' to meet Russian, Chinese counterparts at Delhi G20 meetings
▼ + stars: | 2023-03-01 | by ( Simon Lewis | ) www.reuters.com time to read: +1 min

[1/5] U.S. Secretary of State Antony Blinken speaks during a news conference at the Hyatt Regency in Tashkent, Uzbekistan March 1, 2023. Olivier Douliery/Pool via REUTERSTASHKENT, March 1 (Reuters) - U.S. Secretary of State Antony Blinken said on Wednesday that he has no plans to meet either the foreign ministers of Russia or of China during the Group of 20 (G20) meeting in New Delhi. Russian Foreign Minister Sergei Lavrov and Chinese Foreign Minister Qin Gang are attending the meeting. A Russian foreign ministry official said Lavrov was aiming to meet at least seven foreign ministers before India hosts a welcome dinner on Wednesday for delegates from 40 countries. During his trip to Kazakhstan and Uzbekistan, Blinken met with counterparts from all five Central Asian countries that used to be ruled from Moscow and have strong trade links with Beijing, ahead of the G20 foreign ministers' meeting.

Haley also tapped Betsy Ankney, a former political director for the National Republican Senatorial Committee, to run the PAC, according to Axios. Longtime Haley advisor Jon Lerner, will likely have leadership roles within a Haley presidential campaign, two of the people said. Haley has publicly hinted in two recent interviews with Fox News that she could be ready to run for president. Kevin Lemarque | ReutersTrump, who lost his reelection bid to Biden in 2020, is the only candidate so far to jump into the 2024 presidential race. She even said in 2021 that she wouldn't run for president in 2024 if Trump was on the ballot.

Rep. Kevin McCarthy, R-Calif., speaks to Rep. Matt Gaetz, R-Fla., in the House Chamber on Jan. 6, 2023. She said it’s a bad idea for the House to bring up those bills. Still, some of the more moderate Republicans acknowledge that they’ll have to make compromises with Democrats to get immigration bills signed into law. The GOP rules package adopted Monday identifies the seven bills that will get speedy votes in the House. “Many of their radical things will be stopped in the Senate because we have a Democratic majority,” Schumer said, vowing not to let ultraconservative lawmakers defund the FBI.

☆ Chaos in the House: McCarthy's plea, and begging for votes
▼ + stars: | 2023-01-07 | by ( Mary Clare Jalonick | ) www.cnbc.com time to read: +6 min

It was nearing midnight, and he had already lost 13 votes for speaker over four long days. U.S. Rep.-elect Matt Gaetz (R-FL) (L) talks to House Republican Leader Kevin McCarthy (R-CA) in the House Chamber during the fourth day of elections for Speaker of the House at the U.S. Capitol Building on January 06, 2023 in Washington, DC. Anna Moneymaker | Getty Images News | Getty ImagesGaetz, who had hurled personal insults at McCarthy just hours earlier on the House floor, said no. Anna Moneymaker | Getty Images NewsThe chaos on the House floor came exactly two years after the Jan. 6, 2021, Capitol insurrection. US Representative Kevin McCarthy (R-CA) speaks to US Representative Matt Gaetz (R-FL) in the House Chamber at the US Capitol in Washington, DC, on January 6, 2023.

☆ How Anti-Abortion Activists Bought Access to the Supreme Court
▼ + stars: | 2023-01-07 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +29 min

In exchange for as little as a few thousand dollars in contributions to the nonprofit, these people received easy access to events where Supreme Court justices would be. Supreme Court Historical society trustee Jay Sekulow, center, represented President Trump during the latter's impeachment trial in 2020. Anti-abortion advocates cheer in front of the Supreme Court after the decision in Burwell v. Hobby Lobby Stores was announced in 2014. Alito did not respond to a request for comment on his involvement in the Supreme Court Historical Society. Supreme Court justices, though, aren't even required to stay within those weak guardrails because no code of ethics governs justices' behavior.

House Democrats marked the second anniversary of the Jan. 6 riot Friday with a solemn ceremony on the steps of the U.S. Capitol, which Minority Leader Hakeem Jeffries called "a citadel of democracy" that had come under assault that day. "We stand here today with our democracy intact because of those officers," he said. A bipartisan group of lawmakers observe a moment of silence on the steps of the Capitol on the second anniversary of the Jan. 6 riot. "They failed because of the bravery and valor of the U.S. Capitol Police and the Metropolitan Police Department officers who fought heroically to defend our democracy," he said. Last year, only then-Rep. Liz Cheney, R-Wyo., joined House Democrats for a moment of silence on the first anniversary of the attack.

☆ 6 climate wins from 2022 that are worth celebrating
▼ + stars: | 2022-12-30 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +8 min

Sweeping climate legislation passed, climate candidates won, and animals got important protections. Here are six of the year's highlights in climate progress, according to experts. But through it all, there was encouraging progress on climate that's worth celebrating. Peter B. de Menocal, president of the Woods Hole Oceanographic Institution, told Insider that the event featured the first-ever Ocean Pavilion. "I want to invite other Indigenous communities in Ecuador and the world to join these collective fights happening in Amazonia," Lucitante previously told Insider.

☆ The Mega Millions jackpot is $640 million. These are 4 key things to do if you actually win
▼ + stars: | 2022-12-30 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +3 min

That's the Mega Millions jackpot amount for the next drawing, set for Friday night. The top prize has been growing since Oct. 14 when it was reset to $20 million after two tickets — sold in Florida and California — matched all six numbers to split a $502 million jackpot. "People can lose tickets, and no ticket means no money." Build a team of advisorsWinning such a large amount of money means having some pretty weighty financial decisions to make. For this $640 million Mega Millions jackpot, the cash option — which most jackpot winners choose — is $328.3 million.

☆ Restaurant sales are going up. But dining out is on the decline
▼ + stars: | 2022-11-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

Restaurant traffic is dipping as consumers make food at home. In that month, traffic at fast food restaurants fell 1.2%, dipped 1.7% for fast casual and dropped 4.7% in full service eateries. Fast food traffic bounced back slightly in September and October, but fast casual and full service traffic remained negative. Restaurant prices increased by 8.6%. But groceries are generally cheaper than restaurant meals.

Forum, founded in 1948 to ensure that Mexican American World War II veterans could access their government benefits. “Latinos have a long and honorable tradition of military service,” he said, “only somehow it is not as well-known as that of other groups. According to the Department of Veterans Affairs, there are nearly 1.3 million Latino veterans, or about 8 percent of the veteran population. Issues for Latino veterans, Vazquez-Contes noted, range from accessing medical care through the Veterans Administration system to homelessness to suicide. “The promotion rates for the top enlisted ranks, and the top officer ranks, are just basically void of Hispanic names.”Ricardo Aponte of the Hispanic Veterans Leadership Alliance.

☆ GOP Insider readers: Dump Trump!
▼ + stars: | 2022-11-11 | by ( Kayla Gallagher | ) www.businessinsider.com time to read: +26 min

Insider asked its Republican readers to send in their thoughts on Donald Trump following the GOP's dismal midterm performance. Subscribers to Insider's newsletter were asked two questions: Do you agree with the GOP insiders who blame Trump? Andrew Lichtenstein/Corbis via Getty Image— Joe S.I don't blame Trump per se. Olivier Douliery/AFP via Getty Images— Julia T.I think Trump, DeSantis AND the GOP are EXTREMELY dangerous for our Democracy. The Republican Party needs to get away from the extremists in the party or the Republican Party will no longer exist.

☆ Asia would be the biggest loser if the global economy splits up, IMF warns
▼ + stars: | 2022-10-28 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +3 min

Asia-Pacific has more to lose than any other region if the global trade system splits up in the wake of geopolitical tensions, the International Monetary Fund warned. Sectors in Asian countries forced to contract because of reduced trade could suffer average employment losses of as high as 7%, the IMF added. Asia has more to lose than any other region if the global trade system splits up, the International Monetary Fund warned. U.S.-China trade tensionsSigns of global fragmentation emerged during the trade war between the U.S. and China in 2018. The impact of trade fragmentation is greater for emerging markets in Asia and for firms with high debt.

☆ IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’
▼ + stars: | 2022-10-11 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +3 min

The International Monetary Fund predicts global growth will slow. The IMF anticipates global inflation will peak in late 2022, increasing from 4.7% in 2021 to 8.8%, and that it will "remain elevated for longer than previously expected." Global inflation will likely decrease to 6.5% in 2023 and to 4.1% by 2024, according to the IMF forecast. The agency noted the tightening of monetary policy across the world to combat inflation and the "powerful appreciation" of the U.S. dollar against other currencies. "Winter 2022 will be challenging for Europe, but winter 2023 will likely be worse," the IMF said.

☆ These are all the federal crimes Trump extremists could be charged with after their attack on the US Capitol
▼ + stars: | 2021-01-08 | by ( Dave Levinthal | Tina Sfondeles | ) www.businessinsider.com time to read: +17 min

Federal authorities and other law enforcement will likely make more arrests within days, if not hours. "These fools made it easy for law enforcement to find them because they were posing for pictures. An Insider analysis of the United States Code, coupled with interviews with several leading experts on federal law, identified more than a dozen different federal crimes that could apply to Trump supporters who attacked the Capitol. Assaulting, resisting, or impeding government officialsVideos both inside and outside the Capitol showed numerous pro-Trump extremists physically fighting with and otherwise interfering with federal law enforcement and other government officials. Anyone who "willfully injures or commits any depredation against any property of the United States" commits a federal crime.

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