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A new CNN documentary releasing on Thursday sheds light on the strained, complex relationship between former NFL player Michael Oher and the Tuohy family. This narrative is captured in “The Blind Side,” which followed a 2006 book of the same name by Michael Lewis. Oher sits on the beach during an NFL game between the Baltimore Ravens and the Buffalo Bills in 2010. A Tennessee judge terminated the Tuohy’s conservatorship over Oher in September. Tuohy sold his company for $220 million.” Oher declined to be interviewed for the CNN documentary, citing pending litigation, while the Tuohy family also declined an interview.
Persons: Michael Oher’s, , Max, Michael Oher, Sean, Leigh Anne Tuohy, I’m, ” Quinterio Franklin, Oher, ” Anthony Burrow, ” Burrow, , Michael Lewis, Sandra Bullock, Oscar, SJ, ” Quinton Aaron, ” Oher, don’t, Jim Rome, Nick Wass, Joseph Crone, Oher’s Briarcrest, Nate Hale, Oher’s, ” Hale, Tuohy Organizations: CNN, NFL, Hollywood, Bowl, Briarcrest Christian School, Baltimore Ravens, Buffalo Bills, Tennessee Titans, Carolina Panthers Locations: Memphis , Tennessee, Eads, Memphis, , Hollywood, Tennessee, Oher
Make America Build Again
  + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +37 min
America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.
Persons: Anne, Marie Griger's, Griger, , They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas
While many experts don't see inflation getting back to normal just yet, it could in a year or two. Consumer price inflation has been mostly slowing this year. Some experts see inflation as measured by the Consumer Price Index being around 2% — the Fed's target year-over-year rate of price growth — by some time in 2024. Advertisement"We foresee headline and core CPI inflation around 2.2% y/y in Q4 2024," Daco said in his commentary. Goldman Sachs forecasts that measure is expected to cool off and see a 2.4% year-over-year increase in December 2024.
Persons: J.P, David Kelly, , Gregory Daco, Daco, Kelly, ING's James Knightley, Sarah Foster's, Goldman Sachs, Jerome Powell, Powell, Mark Hamrick, Hamrick Organizations: Morgan, Service, Consumer, CPI, Morgan Asset Management, Bankrate, Federal Reserve, Federal, Business
CNN —China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China. “China is willing to be a partner and friend of the United States,” he added. China is happy to see a confident, open and prosperous US,” Xi said. Xi recalled entering the US on that trip through San Fransisco, which he said formed his “first impression” of America. Under Xi, China has further expanded the scope of its anti-espionage law, raided US consultancy and due-diligence firms and detained executives in the name of national security, sending a chill through the foreign business community.
Persons: Xi Jinping, Xi, ” Xi, Tim Cook, Elon Musk, Joe Biden, , Biden, Dexter Roberts, Roberts, , ’ “ Liu Dongshu, ” Liu, Fred Hu, ” Hu, China “ Organizations: CNN, Economic Cooperation, Apple, Tesla, US, China Business Council, National Committee, China Relations, Flying Tigers, Mansfield Center, University of Montana, City University of Hong, Primavera Capital Group, Bloomberg, Economy, China Locations: China, United States, San Francisco, Asia, Japan, Iowa, America, San Fransisco, City University of Hong Kong, Xi, Singapore
Ruzwana Bashir Is Quietly Connecting the Tech World
  + stars: | 2023-11-16 | by ( ) www.businessinsider.com   time to read: +18 min
Story by Melia RussellPhotography by Lelanie FosterRuzwana Bashir is ransacking her kitchen cabinet for just the right tea. Bashir wears an Erdem floral-printed bra top, Erdem skirt, Giuseppe Zanotti shoes, Old Jewelry earrings along with her own bracelet and ring. "Part of building a business was going out and sharing what you were doing with the world," Bashir says. For years Bashir's startup had been building muscle around these capabilities; now it had an eager audience. Eating at acclaimed restaurants is fine, but Bashir prefers the more-intimate affairs at tech executives' homes because, she says, "you can stay longer."
Persons: Melia Russell, Lelanie Foster Ruzwana Bashir, Peek, She's, she's, Andy Warhol, Picasso, Bashir, I'm, Andreessen Horowitz, Jack Dorsey, Eric Schmidt, Goldman Sachs, Giuseppe Zanotti, Lelanie Foster, Bashir isn't, Elon Musk, Ronan Farrow, Roelof Botha, Mustafa Suleyman, we've, Bennett Miller, Capote, " Miller, , doesn't, didn't, Madeleine Albright, Tom Ford, Jared Cohen, Oskar Bruening, Forbes, Mark Zuckerberg, I've, Bashir wasn't, Travis Kalanick, Adam Neumann, Ty, Emily Weiss, Bashir refashioned, Donald Trump, Bruening, Laurence Tosi's, Miller, Beyoncé, shrugs, Anna Wintour, Anna, we're, Taylor Swift, Katie Haun, Marc Benioff, Reid Hoffman, Marissa Mayer, Dick Costolo —, Cohen, Katherine Maher, Maher, Daniel Kahneman, It's, Radel, Becky Akinyode, Elaine Winter, Tiffany Bloomfield, Dela, Chad Hilliard, Enmi, Kenny Aquiles Ulloa, Cyrenae, Madison Perez, Aidan Lapp, Bashira Webb, Bryan Erickson, Jinyoung Chang, Rodriguez, Rebecca Zisser, Claire Landsbaum, Emma LeGault, Joi, Marie McKenzie, Conner Blake, Kyle Desiderio, Victoria Gracie, Nicole Forero, Virginia Alves Organizations: Google, Museum of, Business, Elon, Vogue, Roelof, Oxford University, Oxford Union, Blackstone Group, Harvard Business School, Studios, Web, Young, Organization, Dela Revoluciøn, Enmi Yang Digital Tech Locations: Manhattan, SoHo, Bahamas, United States, Balthazar, England, Israel, Petra, Istanbul, Elle, Utah, COVID, Salt Lake City, Costa Rica, Atlanta, WestCap
His status in Russia surged to the fore after his lawyer said he was told to join the Russian army. AdvertisementA 17-year-old Ukrainian who was taken from Ukraine to Russia during the war received a call-up to enlist in the Kremlin's forces, the BBC reported. AdvertisementAs he was living in Russia, Yermokhin was issued a call-up order to report on December 13 for a military draft in Moscow, Bobrovska told Ukrainian media on November 7. The announcement comes after Russia said Yermokhin wanted to stay in Russia, a claim Bobrovska has repeatedly denied. But Bobrovska told Ukrainian media that Yermokhin said he was intimidated into signing the statement.
Persons: Bohdan Yermokhin, Yermokhin, , Kateryna, Bobrovska, Irina Rudnitskaya, Rudnitskaya, Volodymyr Zelenskyy, Yermokhin's, — Bobrovska, Maria Lvova, Dmytro Lubinets, Lubinets, Belova, Vladimir Putin Organizations: Service, BBC, Russian, Children's, Human Rights, Associated Press, United Nations Locations: Ukraine, Russia, Mariupol, Russian, Ukrainian, Moscow, Belarus
The billionaire's calendar
  + stars: | 2023-11-16 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
What the rest of us consider small talk at work, Gen Zers have rebranded as "corporate flirting." In today's big story, we're unpacking all the far-flung places and high-end events billionaires visit and attend throughout the year. But by early 2024, there will likely be more Gen Zers working full-time than baby boomers. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004.
Persons: , Gen Zers, we're, it's, Madeline Berg, Madeline, there's, Laszlo Balogh, Tom Cooper, I'm, Hayley Cuccinello, Hayley, Marianne Ayala, Lelanie Foster, Ruzwana Bashir, Peek —, Bashir —, Tesla, Matt Harrison Clough, Miami —, Karol G, Edgar Barrera, Shakira, Starr Douglas, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Monaco, Sun, Getty, Business, Guinness, Records, Walmart Locations: Davos, London, America, Houston, Miami, Seville, Spain, Macy's, New York City, San Diego, New York
I had watched the movie so many times. When I was in college, I’d come home for Thanksgiving break and flip on Jodie Foster’s “Home for the Holidays” while sipping a peppermint mocha. Maybe he’ll take to the Charlie Brown holiday specials this year. Or maybe he’ll continue to worship “The Polar Express,” turning the pages of the hardcover book in his lap as he watches the snowy scenes unfold. Images like this burn into my memory more than any still, scene or set from a movie.
Persons: Ralphie, I’d, Jodie Foster’s “, Peter Jackson’s “, I’m, Charlie Brown
The importance of outlining responsibilitiesWhen it's time for expansion, small businesses often face the challenge of outlining responsibilities with new hires and current staff. "When small businesses scale up, they often face problems in three areas: leadership, talent acquisition, and organizational culture," Szafranek said. How to minimize riskWhile running a business comes with inherent risks, small businesses don't have the same resources as large corporations. Experts also advise small businesses to implement changes slowly, create a well-researched plan, and set up a timetable of what needs to be done successfully at each stage. "The biggest challenge we face in scaling up as a small company is resources," Stewart said.
Persons: It's, , Daize Washbourn, Washbourn, Roza Szafranek, Szafranek, they're, Leonie Stewart, Stewart, Jennifer L'Estrange, Red Clover, Clover, L'Estrange, We've Organizations: Service, Business, Bacchus Agency, Bacchus Locations: London
The incidents involve violence emanating from across the political spectrum, including dozens of cases of substantial property damage by leftists at political demonstrations. Steven Cheung, a spokesman for Trump, didn’t respond to questions from Reuters about the former president’s remarks and the impact of his rhetoric. But those who study extremism say psychiatric problems alone rarely induce political violence. “How could I take care of a brother in arms if I couldn’t even take care of myself?” Aldrich told the court. In the summer of 2022, Aldrich told the group he wanted to build a website to “promote freedom of speech,” Arroyo said.
Persons: Anderson Lee Aldrich, ” Gilbert Arroyo, Aldrich, Arroyo, ” Arroyo, , ” Aldrich, Ted Kaczynski, , Brian Hughes, Donald Trump, Michael Jensen, Trump, Mark Milley, Steven Cheung, Milley, Rory Banks, Banks, Jacob Ware, Jensen, Stephanie Clark, Ashley Paugh, Barack Obama wasn’t, Republican Sen, Ted Cruz, John F, Kennedy, Matt Kriner, Troy Burke, Elwell, Burke, Jessica, Joe Biden, Sarah Huyser, John D, Cohen, Nathan Allen, Allen, Terence Delehanty, Audrey Mazzola, Allen texted Mazzola, Mazzola, Ramona Cooper, David Green, Green, “ Saint Nathan Allen, Aaron Brink, Brink, Aldrich’s, Laura Voepel, Carrie Thompson, Voepel, John Redgrave, Discord’s, ” Redgrave, “ Andy, ” Luke Simpson, Jonathan, Pamela Pullen, didn’t, Nick Brooks, Brooks, Pepe, Blacks, Simpson, ” Simpson, Michael Bowman, Joseph Archambault, Aldrich texted, Ned Parker, Peter Eisler, Joseph Tanfani, John Emerson, Paulo Prada Organizations: Reuters, Q, American University, Washington , D.C, ” Reuters, U.S, Capitol, Jan, Trump, University of Maryland’s, U.S . Joint Chiefs of Staff, ., Council, Foreign Relations, Republican, Middlebury College’s Center, Terrorism, Counterterrorism, Public Religion Research Institute, REUTERS, Central Intelligence Agency, U.S . Constitution, Department of Homeland Security, Facebook, ” Winthrop Police, Smith, Wesson, Air Force, SWAT, Prosecutors Locations: Colorado, Colorado Springs, Washington ,, United States, Nevada, Wheaton , California, Washington, Maryland, Vietnam, Mexico, mainstreaming, Monterey , California, Michigan, Gratiot County, U.S ., Winthrop , Massachusetts, California, Texas, San Diego, Ohio, Illinois, Australia, Florida, Buffalo , New York
When I think about my sons, Roger and Cory, I picture them as I do all my children, as precious babies. I don’t see them as the rest of the world does, as two men in their 30s with drug addiction. I remember reading once that if parents had an addiction to alcohol or drugs, their children would have a higher risk for addiction, too. My teenage granddaughter recently left an addiction treatment facility in Utah. My granddaughter, shortly after she returned from an addiction treatment center.
Persons: Roger, Cory, OxyContin, I’ve, Megan, I’m, Kinsinta’s, “ Grandma, , Organizations: Indian, Indian Health Service, Indian Child Welfare Locations: B.D, Northern California, Utah, Hoopa, Eureka , Calif
The ultra-rich can afford nearly anything, but that doesn't guarantee access, especially for sold-out games or limited-edition luxury items. Many clients are willing to pay top dollar for coveted Taylor Swift tickets but can't find them, and they have asked their advisors for help tracking them down. Many financial institutions prefer white-labeling, repackaging the services with the banks' branding, Gaby Stanley of Ten Lifestyle Group told Insider. The UK-based concierge clients include Coutts, HSBC, and Merrill Lynch. Private-bank advisors help each other out, according to Yates, who has hooked up out-of-state advisors' clients with Miami Heat tickets when they visit Florida.
Persons: Taylor Swift, Morgan Stanley's Valerie Wong Fountain, Morgan Stanley, Valerie Wong Fountain, Grace Yoon, Rockefeller, Yoon, Gaby Stanley, Coutts, Merrill Lynch, it's, Stanley, Paul Yates, Yates Organizations: Advisors, Business, Rockefeller Capital Management, Ten Lifestyle Group, HSBC, Michelin, Bank, Miami Super Bowl, Private, Miami Heat, Bank of America Locations: London, Japan, Fort Lauderdale, Florida
CHICAGO (AP) — Northwestern rewarded coach David Braun for a remarkable turnaround following Pat Fitzgerald's firing in the wake of a hazing and abuse scandal by removing the “interim” label from his job title on Wednesday. “I am truly honored for the opportunity to continue leading Northwestern’s football program,” Braun said in a statement. “He’s never wavered,” said quarterback Ben Bryant, who led Northwestern to the 24-10 win over the Badgers. “Under his guidance, Northwestern’s football team has exceeded expectations on the field and excelled in the classroom. Fitzgerald, by far Northwestern's winningest coach, is suing his alma mater for $130 million, saying it wrongfully fired him.
Persons: — Northwestern, David Braun, Fitzgerald's, Braun, ” Braun, Fitzgerald, “ He’s, , Ben Bryant, Walter McCornack, Pappy Waldorf, , Dave, Michael Schill, Jim Foster, Maggie Hickey, ArentFox Schiff Organizations: CHICAGO, Wildcats, North Dakota State, Northwestern, Wisconsin, Badgers, Baseball, AP Locations:
“President Biden this coming week will be doing a lot more than just meeting with President Xi,” White House national security adviser Jake Sullivan told reporters in Washington on Monday. White House officials say they are cognizant that fellow APEC nations want to see better dialogue between the U.S. and China because it reduces the risk of regional conflict. Biden on Monday welcomed Indonesian President Joko Widodo, a fellow APEC leader, to the White House for talks before both travel to San Francisco. Israel's retaliatory operations in Gaza have killed more than 11,000, sparking outrage from a slew of world leaders. The stopgap measure excludes the roughly $106 billion funding requested by Biden for Israel, Ukraine and the U.S. border with Mexico.
Persons: Joe Biden, Xi Jinping, Xi, what's, Biden, Russia's, , Jake Sullivan, Donald Trump, Obama, , Neils Graham, Joshua Kurlantzick, TPP, Trump, Joko Widodo, “ We’re, Matt Murray, Fumio Kishida, Yoon Suk Yeol, Ferdinand Marcos, Jr, Mike Johnson, Sullivan, ” Sullivan, ___ Long, Josh Boak, Chris Megerian, Darlene Superville, Zeke Miller Organizations: FRANCISCO, Economic Cooperation, U.S, Republican, House, White, APEC, Economic Forum, Pacific Partnership, Atlantic Council GeoEconomics, Southeast, Council, Foreign Relations, Biden, Administration, Indonesian, The, Office, Georgetown University, Hamas, Associated Press Locations: Asia, Pacific, United States, San Francisco, China, Israel, Washington, Beijing, U.S, Southeast Asia, Japan, South Korea, Gaza, Indonesian, Ukraine, Japanese, South, Philippine, Philippines, South China, Mexico
Caesars paid around $15 million in ransom to regain access to its systems from the hackers, according to reporting by the Wall Street Journal. Some have been collecting evidence leading to the hackers' identities and are assisting law enforcement, according to the five insiders. The sources say that, following the September casino hacks, the FBI's investigation took on new urgency. Mandia didn't respond directly when asked whether Scattered Spider's identities were known to law enforcement. But he did say that there was no excuse for not arresting hackers who operated from the West.
Persons: Bridget Bennett, Michael Sentonas, Sentonas, Alphabet's, James Foster, Foster, cybercriminals, gona, Kevin Mandia, Mandiant, you've, Zeba Siddiqui, Raphael Satter, Christopher Bing, Chris Sanders, Claudia Parsons Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, U.S . Federal Bureau of Investigation, FBI, MGM Resorts International, Caesars Entertainment, Industry, Reuters, Department of Justice, Caesars, Wall Street, Palo Alto Networks, Microsoft, ex, Telegram, Thomson Locations: Las Vegas , Nevada, U.S, WASHINGTON, America, Palo, American, Baltimore , Maryland, United States, Newark , New Jersey, sextortion, San Francisco, Washington
Pete Weir, the chief product officer at Discovery Education, says AI can make mundane tasks easier. This Q&A is part of the "CXO AI Playbook" series — straight talk from business leaders on how they're testing and using AI. "Our employees are looking for guardrails," said Pete Weir, Discovery Education's chief product officer. AdvertisementSo one of the most important things was a big zoom-out on how this is going to affect all of us. What advice do you have for a company that's just getting started on its own AI journey?
Persons: Pete Weir, , It's, Discovery, Weir, ChatGPT, I've, we've, it's, — it's, We're Organizations: Discovery Education, Service
But the event, yet to be formally announced by hosts U.S.-China Business Council (USCBC) and the National Committee on U.S.-China Relations (NCUSCR), also presents uneasy optics. The USCBC and NCUSCR both declined to comment on the planned dinner. Xi has overseen a crackdown on U.S. consultancy and due-diligence firms, a further blow to investor confidence. Jeff Moon, a former U.S. trade official turned business adviser, said China's goal would be to soften Xi's image and attract investment, but that the dinner was unlikely to "move any needles." "They have come to accept that there's no substitute for hearing and seeing and observing what Xi Jinping is doing," said Patel.
Persons: Carlos Barria, Xi Jinping, Joe Biden, Xi, MIGNON, Jeff Moon, mignon, Mike Gallagher, Biden, Janet Yellen, Nirav Patel, Jinping, Patel, David Brunnstrom, Stephen Nellis, Michelle Nichols, Lincoln Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Wednesday, Reuters, U.S, China Business Council, National Committee, China Relations, Muslim, Asia, Thomson Locations: Asia, Pacific, San Francisco , California, United States, San Francisco, U.S, China, Washington, Muslim Uyghurs, Beijing
CNN —Donald Trump is promising a second presidency that would be an aberration in American history. And Trump’s ambitions should be taken seriously because one year from the election, President Joe Biden’s reelection hopes are far from secure. He dehumanizes his political enemies, has discredited the legal, political and electoral system, has demonized the press and has targeted vulnerable members of society, minorities and immigrants, as scapegoats. With questionable historic comparisons, Trump’s critics only fuel his bid to provoke the outrage that is essential to his political appeal. Nikki Haley have only criticized Trump obliquely, understanding there’s no market in the modern Republican Party for confronting Trump’s lawlessness.
Persons: Donald Trump, Trump, Joe Biden’s, , ” Trump, , “ Donald Trump parroted, Adolf Hitler, Benito Mussolini, Ammar Moussa, he’s, he’ll, else’s, Biden, , Bill Clinton, Barack Obama, there’s, Bob Dole, Mitt Romney, institutionalists, Republican Party isn’t reining, Trump’s, Mike Pence, Chris Christie, Asa Hutchinson, Ron DeSantis, Nikki Haley, South Carolina Sen, Tim Scott, Susie Wiles, Chris LaCivita, , Mark Milley, who’s, Jack Smith’s, , Abraham Lincoln’s, George Washington’s, ” Smith Organizations: CNN, White, Veterans, Trump, New York Times, Republican, Democratic, Capitol, Republican Party, GOP, Florida Gov, South Carolina Gov, Justice Department, Conservative Political, Conference, Univision, Joint Chiefs, Staff, NBC News, MSNBC, Abraham Lincoln’s Gettysburg Locations: New Hampshire, Gaza, Ukraine, China, Russia, Europe, America, South Carolina
Stocks rallied hard on Tuesday after new inflation data signaled a possible end to the Federal Reserve's rate-hiking campaign. The Dow Jones Industrial Average jumped nearly 500 points after the closely watched consumer price index (CPI) reading for October came in flat, softer than economists' estimate of 0.1% growth month over month. Wall Street took the news as a sign that inflation was coming down enough for the central bank to stop raising interest rates. Barring a surprise rebound in inflation, rates seem to have peaked and the "soft landing" for the economy is still in play. We like to buy stocks when the market is oversold, and sell stocks when there is too much buying.
Persons: Stocks, It's, Jim Cramer's, Jim Cramer, Jim Organizations: Dow Jones Industrial, Wall, CPI, Jim Cramer's Charitable, CNBC, Xinhua News Agency, Getty Locations: Foster City , California, United States
But slipping into habits like these can leave one partner feeling as if they are carrying the bulk of the mental load, he said. The father and content creator based in Marlborough, Massachusetts, has been sharing his experiences trying to divide the mental load — those tasks that take planning, preparation and keeping track to maintain the family — more equally with his wife. Men are starting to hold themselves accountable, and like Watson, going online to teach other men to take on more of the mental load. So many of them say, ‘This is exactly why I divorced my husband,’” referring to the inequality of the mental load one partner can experience in keeping a relationship or family going. “If mental load is universally understood, accepted and appreciated, I think we will live in a very different world,” Watson said.
Persons: CNN — Zachary Watson, , , ’ ” Watson, Alyssa, Watson, , Eve Rodsky, Rodsky, Will, it’s, ” Rodsky, you’ve, ” Watson, Paige Bellenbaum, Bellenbaum, “ Let’s Organizations: CNN, Play Locations: Marlborough , Massachusetts, New York City,
Morning Bid: Sidestepping Moody's rating twist
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. It's the last of the three major rating agencies to maintain a top rating for the U.S. Treasury as Fitch lowered its rating in August and S&P removed its AAA in 2011. On one level, there's some relief the AAA rating was maintained despite the darker outlook. And that would at least keep the Federal Reserve at bay despite its warnings last week that another rate hike was still on the table. Line chart with data from LSEG Eikon show the U.S. consumer price index inflation, core CPI inflation and federal funds target rate from Jan. 2019 to Sep. 2023.
Persons: Brendan McDermid, Mike Dolan, Fitch, William Foster, Mike Johnson, China's, Joe Biden, Xi Jinping, Suella Braverman, David Cameron, Lisa Cook, Bank of England policymaker Catherine Mann, Tyson, Henry Schein Organizations: New York Stock Exchange, REUTERS, U.S . Treasury, AAA, Reuters, . House, Republican, Treasury, Federal Reserve, Tyson Foods, Walmart, Bank of England, Moody's, U.S . AAA, Thomson Locations: New York City, U.S, Wall St, San Francisco, New York
Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. The firm initiated coverage of DevOps stock on Monday with a buy rating and a $56 per share price target. "In short, we think GTLB is well positioned to gain share with its platform offering in a rapidly growing ~$40B DevSecOps target market," analyst Gray Powell said. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Analyst Kaumil Gajrawala said the company's market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth.
Persons: Jefferies, Edward Jones, Oracle Edward Jones, Oracle's, Logan Purk, Purk, Brian Evans, Gray Powell, — Brian Evans, Bernstein, TripAdvisor, Richard Clarke, Asiya Merchant, Kaumil Gajrawala, Gajrawala Organizations: CNBC, Colgate, Palmolive, Citi, HP Inc, Oracle, Google, Amazon Web Services, Jefferies, ~$
Learning and development programs (L&D) are rising in popularity. But employees and employers aren't seeing eye-to-eye about their value, and many workers don't seem happy about it. In contrast, 51% of the executives surveyed said their companies' existing L&D programs feel like a "waste of time." More than half of C-suite executives (65%) said that their employees are "very satisfied" with their company's L&D programs. Executives should give employees ample time in their working schedule to take L&D courses, instead of asking them to sacrifice their evenings or weekends, Morgan says.
Persons: they're, Andy Morgan, they'd, Morgan Organizations: CNBC, Business, Workers
Moody's changed the U.S. credit outlook to negative from stable on Friday, citing larger fiscal deficits and a decline in debt affordability. Moody's typically "resolves" an outlook, meaning in case of a negative outlook it either brings it back to stable or goes ahead with a rating downgrade, within 18 to 24 months, he said. But the process may take longer and will depend on fiscal policy measures that will be taken. Moody's lower outlook comes after a bond selloff that has pushed long-term Treasury debt yields to levels not seen since 2007 in recent weeks. An environment of higher interest rates will likely result in higher interest payments and higher deficits, said Foster.
Persons: Julia Nikhinson, Moody's, William Foster, Foster, , , Davide Barbuscia, Megan Davies, Chris Reese Organizations: U.S, Capitol, Congress, REUTERS, Reuters, Thomson Locations: Washington , U.S, United States
Jamie Lee Curtis shared a stunning selfie with her “Freaky Friday” costar Lindsay Lohan on her verified Instagram account on Friday, with a caption that hints a sequel is a strong possibility in the “near future.”“Too late. Curtis was referring to her and Lohan’s 2003 Disney movie “Freaky Friday,” which tells the story of a mother and daughter who switch bodies and all the hilarity that ensues. Lindsay Lohan and Jamie Lee Curtis in 2003's "Freaky Friday." Walt Disney/Everett CollectionThis isn’t the first time Curtis has teased a possible sequel to the popular remake. In February, she shared a similar post on Instagram of herself with Lohan, writing “Freaky fingers crossed” in the caption.
Persons: CNN — It’s, Jamie Lee Curtis, Lindsay Lohan, ” “, ” Curtis, Lohan, Curtis, Jodie Foster, Barbara Harris, Mary Rodgers, Walt Disney, , Lacey Chabert, Amanda Seyfried Organizations: CNN, Disney, Everett, Hollywood
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