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☆ The Masters were caddied by only Black men for nearly 50 years
▼ + stars: | 2023-04-05 | by ( Jack Bantock | ) edition.cnn.com time to read: +14 min

Located just three miles from The Masters venue, the historically Black district lay adjacent to Augusta Country Club. Eventually, many would hop across Rae’s Creek to begin work at Augusta National. A “good bag” at Augusta National would pay up to $5, Maben said, offering $20 for a particularly lucrative day’s labor. The 1983 Masters saw the first White caddies walk the greens at the major, with just 19 Black caddies on the bag, Clayton said. This year, the Lucy Craft Laney Museum will put the legacy of Augusta’s Black caddies – quite literally – center stage.

Persons: Jack Nicklaus, Arnold Palmer, Willie Peterson caddied Nicklaus ’, Nathaniel “, ” Avery, Peterson –, –, Augusta, Nicklaus, Peterson, Augusta caddies, Leon Maben, Lucy, Lucy Craft Laney, Ward Clayton, “, ” Palmer, ” Clayton, …, Maben, Jerry ” Beard, caddie, Fuzzy Zoeller, John P, caddying, Willie “ Pappy ” Stokes, Stokes, Henry Picard, Ben Hogan, Hogan, Beard, Zoeller, Augusta “, Clayton, ” Maben, ” Beard, Heinz Kluetmeier, Tommy “, ” Bennett, Woods, scalding, John H, Stovepipe ” Gordon, Frank “, ” Stokes, Matthew “ Shorty Mac ” Palmer, Avery’s, Gordon, Gene Sarazen, Sarazen, Willie “, Perteet, Dwight D, Eisenhower, ”, ’, ‘, We’re, caddies, Jim Crow, Ron Townsend, Lee Elder, Elder, Andy Lyons, Townsend, ” Carl Jackson, Ben Crenshaw, Jackson, Crenshaw, “ Gentle Ben ”, Watson, Jamie Squire, Harvey Penick, ” Jackson, you’re, Andrew Redington, Avery, Palmer, Augusta caddies – Stokes, It’s Organizations: CNN, Augusta National, Bettmann, Getty, Augusta Country, Lucy Craft, Lucy Craft Laney Museum of, . Augusta National, ”, Augusta, ESPN, National, PGA, Augusta Country Club Locations: Georgia, Cedar Grove, Sand, Black, Augusta, caddies, Clayton, America, ”, Perteet

Oil prices jumped over 6% on Monday, with U.S. crude futures topping $80 per barrel. The U.S. pumped nearly 12.5 million bpd in January, according to the latest government data. U.S. cash crude prices strengthened on Monday, with Mars Sour gaining 50 cents to trade at a $1.40 discount to U.S. crude futures . U.S. seaborne crude exports last month hit 4.74 million bpd, the highest monthly total since at least January 2020, Vortexa data showed. "This development should bode well for already strong U.S. crude exports with increased medium- and heavy-sour Canadian crude exports from the U.S. in order to supply a global market which is already short on sour crude," said Rohit Rathod, senior oil market analyst at Vortexa.

☆ Billionaire investor Leon Cooperman rings the recession alarm and says commercial real estate is next in the crosshairs of global banking turmoil
▼ + stars: | 2023-04-03 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Leon Cooperman says the commercial real estate sector will be the next market hit by bank turmoil. In an interview with CNBC, the billionaire investor said institutions are pulling back on lending and commercial real estate commitments as a way to shore up liquidity. "I think it will spread into commercial real estate as banks become more reluctant to lend," Cooperman said Monday. The commercial real estate market is operating in a perfect storm of rising interest rates, declining occupancy rates for offices, and now, less access to credit. This could impact smaller and medium-sized banks with higher commercial real estate exposure.

☆ The NATO military alliance has its own song, as well as a jingle specially recorded over 60 years ago
▼ + stars: | 2023-04-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

It has its own official "NATO Hymn," as well as a decades-old jingle called "The NATO Song." Among the more interesting tributes, however, was "The NATO Song." And "The NATO Song" is far from the only musical celebration of the alliance's existence. A separate NATO informational page refers to a piece called the "NATO hymn song sheet" and links to the lyrics and notes to something titled "NATO — Song." Like Helsinki, Stockholm would provide the military alliance with a meaningful firepower boost as it faces threats from Russia.

☆ Leon Cooperman on the government response to the banking crisis
▼ + stars: | 2023-04-03 | 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 EmailLeon Cooperman on the government response to the banking crisisLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss his thoughts on the market, whether there's contagion risk from the banking crisis, and more.

☆ Watch CNBC's full interview with Omega Family Office CEO Leon Cooperman
▼ + stars: | 2023-04-03 | 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 EmailWatch CNBC's full interview with Omega Family Office CEO Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss his thoughts on the market, whether there's contagion risk from the banking crisis, and more.

☆ Leon Cooperman is bullish on oil and has 20% of his portfolio in energy stocks
▼ + stars: | 2023-04-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Leon Cooperman said Monday oil prices are headed higher on the back of a demand comeback, boosting his energy stock picks. He said he has 20% of his portfolio in energy stocks. The widely followed investor said his two favorite stocks in the sector are Canadian oil and gas producers Paramount Resources and Tourmaline Oil . "It's growing production at 15%," Cooperman said on Tourmaline Oil. Paramount Resources shares are up more than 3% this year, while Tourmaline Oil saw its stock fall more than 17%.

☆ NHL roundup: Carter Verhaeghe nets career-best 4 goals in Panthers' win
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +9 min

Sabers 6, Flyers 3Alex Tuch scored his second career hat trick to help Buffalo to a win against host Philadelphia. Morgan Frost scored twice and Felix Sandstrom made 23 saves for the Flyers, who had their seven-game point streak snapped. Avalanche 5, Stars 2Nathan MacKinnon had two goals, Mikko Rantanen had a goal and three assists, and host Colorado beat Dallas. Ben Hutton, Zach Whitecloud and Brett Howden also notched goals for Vegas, which is 5-1-1 in its past seven games. J.J. Moser and Milos Kelemen scored for the Coyotes (27-37-13, 67 points), who have dropped seven straight games (0-5-2).

☆ Mexico sees growth of up to 3% this year, eyes nearshoring boost
▼ + stars: | 2023-03-31 | by ( Anthony Esposito | ) www.reuters.com time to read: +3 min

Mexico's inflation rate by the end of this year is seen slowing to 5.0%, and then to 4.0% by the end of 2024. Mexico's central bank raised rates 25 basis points to 11.25% Thursday, but hinted the hiking cycle could be nearing its end. Mexico is also primed to benefit from private investment fueled by "nearshoring," the trend of moving production to North America and away from Asia, the ministry said. Nearshoring could add up to 1.2 percentage points to GDP the ministry said, without specifying a time frame. In particular, the ministry anticipated a boost to foreign investment in manufacturing, and said the automotive industry was a "natural candidate" to take advantage of nearshoring.

☆ Stocks Rise, Notching Second Straight Gain
▼ + stars: | 2023-03-30 | by ( Caitlin Mccabe | Brenda León | ) www.wsj.com time to read: 1 min

U.S. stocks closed higher Thursday, extending their gains into a second day, bolstered by waning concerns about global banks and growing hopes that the Federal Reserve could soon pause its interest-rate increases. The tech-heavy Nasdaq Composite rose 87.24 points, or 0.7%, to 12013.47. The broad S&P 500 index added 23.02 points, or 0.6%, to 4050.83. The Dow Jones Industrial Average gained 141.43 points, or 0.4%, to 32859.03.

☆ Inside a shake-up at the world's 'most feared law firm'
▼ + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com time to read: +30 min

It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.

☆ Oil gains for 3rd day on Kurdish supply concern, easing banking fears
▼ + stars: | 2023-03-29 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

Crude exports of 450,000 barrels per day (bpd) from Iraq's semi-autonomous northern Kurdistan region were halted on Saturday following an arbitration decision that confirmed Baghdad's consent was needed to ship the oil. "The longer the stoppage continues, the tighter the supply outlook will become," said Stephen Brennock of oil broker PVM. On Wednesday, Norwegian oil firm DNO said it had begun shutting down production at its fields in Kurdistan. We can see that risk sentiment has recovered to some extent, which pushed (the) global stock markets and crude oil rebound," said CMC Markets analyst Leon Li. Attention will focus on official U.S. inventory data from the Energy Information Administration at 1430 GMT to see if it confirms the crude stock decline.

☆ The Next Michael Phelps May Be a 20-Year-Old Frenchman
▼ + stars: | 2023-03-26 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

While much of the sports world was watching the NCAA basketball tournament looking for the next hoops phenoms, the next Michael Phelps may have emerged at the NCAA swimming championships last week. And he’s a 20-year-old Frenchman named Léon Marchand. Swimming is quick to anoint every multi-talented swimmer as the heir to the retired Phelps, who won 28 Olympic medals, but Marchand may finally be the one who deserves the hype.

☆ NHL roundup: Bruins lock down Atlantic Division title
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +11 min

Hathaway has scored three goals since joining the Bruins in late February, two of which have been go-ahead tallies. Linus Ullmark made 11 of his 26 saves in the third period, improving to 11-1-0 in his last 12 starts. For the Lightning, Victor Hedman scored the lone goal and Andrei Vasilevskiy was credited with 32 saves. Leon Draisaitl had a goal and an assist, and Zach Hyman and Warren Foegele also scored for Edmonton. Ottawa captain Brady Tkachuk scored his seventh goal in seven games and Mark Kastelic and defenseman Thomas Chabot also tallied.

☆ Deutsche Bank, Credit Suisse, and what to know about the financial turmoil — and how one company is working to boost the number of women on Wall Street
▼ + stars: | 2023-03-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The program collaborates with UPenn's Wharton business school, and it teaches college women the fundamentals of markets, portfolio management, and finance. Katherine Jollon Colsher, President and CEO, Girls Who Invest Girls Who InvestKatherine Jollon Colsher is the chief executive officer and president of Girls Who Invest, a nonprofit that aims to help women enter asset management and other careers across Wall Street. Katherine Jollon Colsher: We work exclusively in the buy side, and we do focus exclusively on placing women in internships and frontline investing roles to advance more women portfolio managers. With that, our vision is for 30% of the world's investable capital to be managed by women by 2030. Shares of the German bank tumbled on Friday, as the cost of credit default swaps linked to its bonds shot higher.

☆ Peru's Garcia Leon breaks 35 km race walk world record
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: 1 min

March 25 (Reuters) - Peru's Kimberly Garcia Leon broke the 35 km race walk world record on Saturday with a time of two hours 37 minutes and 44 seconds in Dudince, Slovakia. The world champion in both the 20km and 35 km walk broke the previous record of 2:38:24 set by Russian Klavdiya Afanasyeva in 2019, in a warning to her rivals ahead of the Paris Olympics next year. China's Liu Hong came in second in an Asian record of 2:40:06 while Magaly Bonilla from Ecuador took third place. At Paris 2024, there will only be one race of 20km for the women and a 35km mixed team race walk. Reporting by Tommy Lund in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Recessions, bank failures, and stagnant stock returns - experts see a new, difficult era dawning for markets
▼ + stars: | 2023-03-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Wall Street experts see a new era ahead for markets, marked by a more difficult investing environment. Central bankers have already raised interest rates over 1,700% over the last year to quell high prices. Despite the volatility in bank stocks, Fed officials raised interest rates another 25 basis-points this week, bringing the effective Fed funds rate to 4.75-5%. That's the highest interest rates have been since 2007, and the impact of SVB's collapse is likely equivalent to another 50-75 basis points in rate hikes, Moody's chief economist Mark Zandi estimated, meaning real interest rates are even more restrictive. Some experts have argued that SVB's collapse was due to the bank's uniquely high exposure to bonds, which have been weighed down heavily by rising interest rates.

☆ Trump's plan to build 10 new American cites is a right-wing dream of 'trad havens for beautiful families,' the internet's favorite architecture critic says
▼ + stars: | 2023-03-23 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Architecture critic Kate Wagner says Trump's plan to build "freedom cities" is nothing new. There's a whole eco-system of classical architecture proponents on Twitter with Roman statues as their avatars who decry modernism. The order made classical architecture — think columns, marble, symmetry — the preferred style for federal buildings. Wagner says Trump's embrace of classical architecture echoes the right-wing war on modernism that began in the 1980s. "For some reason, there also emerged alongside of those advocates a group of people who started to make statements that people neurologically prefer classical architecture."

☆ Locks of hair compose a symphony of genetic information on Beethoven
▼ + stars: | 2023-03-22 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Researchers said on Wednesday his genome showed the German composer was both genetically predisposed to liver disease and had hepatitis B virus infection. The new findings suggest there were multiple factors behind his liver disease including genetics, viral infection and alcohol consumption. "Prior to this study, alcohol was the only definitely known risk factor for Beethoven's liver disease." Beethoven experienced progressive hearing loss starting at age 29 and by 44 his hearing loss was complete, though he continued to compose masterpieces. There was no evidence found for conditions hypothesized by some experts such as otosclerosis or Paget's disease, Begg said.

☆ Mexico makes lots of electric cars, but few Mexicans drive them
▼ + stars: | 2023-03-21 | by ( Aida Pelaez-Fernandez | ) www.reuters.com time to read: +5 min

General Motors Co, Ford Motor Co, BMW and Volkswagen's Audi unit also are producing EVs in Mexico, or plan to. "There are still a number of issues that need resolving in Mexico before there's a massive influx of electric cars," said Mario Hernandez, KPMG's lead manufacturing partner in Mexico. Hernandez said drawbacks included a lack of subsidies for buyers, high costs for installing charging devices at homes and a shortage of public charging stations, vital for longer journeys. Mexico has about 1,100 charging stations nationwide, mostly in the capital and other major cities, according to AMIA. Pedro Corral, director of operations for EV charging stations platform Evergo, drives his all-electric i3 BMW around Mexico City.

☆ Why Goldman Sachs alumni are being hoovered up by elite hedge funds like Citadel and Millennium
▼ + stars: | 2023-03-21 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

In November, one of the world's most consequential hedge funds announced a shake-up at the top of its power structure. In an internal memo, the founder of Millennium Management, Izzy Englander, said that Bobby Jain would be vacating the co-CIO role. "You can't readily find that managerial experience at other hedge funds and Goldman is a perfect place to look for those people." 8 former Goldman Sachs leaders are now Millennium execsEnglander isn't alone — firms rarely are in the copycat world of multistrats. In a statement to Insider, Abbey Collins, a spokesperson for Goldman Sachs, said, "Goldman Sachs has always been and remains a talent magnet.

☆ Billionaire investor Leon Cooperman says the US is going through a 'textbook' financial crisis and the S&P 500 won't hit a new high for a long time
▼ + stars: | 2023-03-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US is going through a "textbook" financial crisis, according to billionaire Leon Cooperman. That means poor returns for stocks, he added, warning the S&P 500 wouldn't hit a high again for a long time. Cooperman has warned markets of an coming recession, and said stocks could plunge 20% this year. "It's kind of like textbook," Cooperman said. Those conditions also mean tepid returns for stocks, Cooperman said.

☆ Mexican state seeks to punish Pemex for emissions from refinery
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, March 19 (Reuters) - Mexico's northern state Nuevo Leon on Sunday warned that it would seek penalties for state oil company Pemex after a dramatic increase in visible emissions from its Cadereyta refinery earlier in the day. Pemex (PEMX.UL) said in a statement that it had "safely halted" operations in one of the plants at the Cadereyta refinery in the afternoon; the company added there was no risk to the population and the emissions were under control. Nuevo Leon's environment ministry, however, said in a statement that it had repeatedly detected "intensified" emissions from the refinery, particularly at night, and that the refinery was responsible for 90% of sulfur dioxide emissions in the metropolitan area of Monterrey city, the state's capital. The ministry said that state environmental law gave it the right, if necessary, to halt operations at the refinery. Reporting by Jackie Botts; Editing by Stefanie EschenbacherOur Standards: The Thomson Reuters Trust Principles.

UFC 286 will stream live on March 18, with the main card starting at 5 p.m. How to watch UFC 286You can watch the main event of UFC 286 on ESPN+ at 5 p.m. Ways to save on the UFC 286 pay-per-view priceIf you're signing up for ESPN+ to watch UFC 286, you can take advantage of a special discounted bundle. New members can buy a year-long ESPN+ membership with access to UFC 286 included for a total of $124.98. Here's the fight card for UFC 286: Edwards vs. UsmanESPNEarly Prelims — 12:30 p.m.

☆ One stupid step in Ukraine could result in a larger conflict, says fmr. Defense Sec. Leon Panetta
▼ + stars: | 2023-03-16 | 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 EmailOne stupid step in Ukraine could result in a larger conflict, says fmr. Defense Sec. Leon PanettaFormer Defense Secretary Leon Panetta joins CNBC's Brian Sullivan and 'Last Call' to discuss President Biden's options after a Russian fighter jet disables a U.S. drone, forcing it down into the Black Sea.

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