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HARRISBURG, Pa. (AP) — Pennsylvania's Republican Party on Monday endorsed York County's district attorney, Dave Sunday, for state attorney general out of a three-person field. The party's endorsement came the day before candidates could begin collecting the required number of voter signatures to get on Pennsylvania's primary ballot. Sunday won the endorsement over state Rep. Craig Williams and Katayoun Copeland, both former federal prosecutors who hail from Delaware County in southeastern Pennsylvania. No Republican has been elected attorney general since 2008. Josh Shapiro ’s second term as attorney general and doesn’t plan to run for the office.
Persons: , Dave Sunday, Craig Williams, Katayoun Copeland, Copeland, Joe Biden’s, Donald Trump’s, Jack Stollsteimer, Jared Solomon of Philadelphia, Eugene DePasquale, Joe Kahn, Keir Bradford, Michelle Henry, Josh Shapiro ’, Shapiro, Henry, ___, Marc Levy Organizations: Republican Party, Monday, York, Sunday, Republican, Gov Locations: HARRISBURG, Pa, Delaware County, Pennsylvania, Montgomery
Goldman Sachs on Tuesday reported its second consecutive quarter of steady profits, a return to form for the bank that has struggled with management missteps that tarnished its once untouchable reputation on Wall Street. The bank’s fourth-quarter profit of $2 billion was roughly equal to what it earned in the third quarter, but that was a sign of accomplishment. Helping the bottom line: Goldman cut 3,200 employees over the course of 2023, a 7 percent trim in its head count. Goldman’s stock rose about 2 percent , bringing the gain to roughly 10 percent gain over the past year. But shares are still lower than their 2021 peak and the bank’s full-year profit of $8.5 billion last year was the lowest since 2019.
Persons: Goldman Sachs, Goldman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer NFL linebacker Brandon Copeland shares his philanthropic initiativesNFL Veteran, Brandon Copeland, is giving back in a "December to Remember," a holiday shopping spree for kids. He shares more about the initiative and his work teaching financial literacy to athletes.
Persons: Brandon Copeland Organizations: NFL, NFL Veteran
As chief executive of Wells Fargo, Timothy J. Sloan failed to clean up a string of scandals that shook the bank and abruptly stepped down amid widespread criticism more than four years ago. He now says Wells Fargo owes him at least $34 million in back pay. Mr. Sloan sued Wells Fargo on Friday, saying that the bank owed him for unpaid stock awards, bonuses and unspecified “emotional distress.” His lawyers said that the bank he formerly led made him a scapegoat for problems that predated his tenure, and they recast his resignation under fire in 2019 as “an act of further loyalty to the bank.”The lawsuit was a surprise move, inasmuch as Wells Fargo for years has been trying to move on from Mr. Sloan’s tenure and improve its relationship with both customers and regulators. A Wells Fargo spokeswoman, Beth Richek, said the bank stood behind its decision to withhold the pay. “Compensation decisions are based on performance,” she said in a statement.
Persons: Wells, Timothy J, Sloan, Wells Fargo, , Sloan’s, Beth Richek Locations: Wells Fargo
By sidestepping the philosophical questions about separating the art from the artist, “Thriller 40” can focus steadfastly on the music, and all the other ways Jackson influenced the industry, and less on the man himself. The documentary incorporates a bit of context about The Jackson 5, primarily to make the point that Jackson’s success as a solo artist was by no means a preordained conclusion. His success with 1979’s album “Off the Wall” offered a mere teaser of what was to come – the explosion of hits on his subsequent record “Thriller”in 1982, including the title track, “Bille Jean” and “Beat It.”Michael Jackson's music is explored in the documentary "Thriller 40." “Thriller 40” consciously and effectively brings the focus back to the music and the thrills he delivered as a performer. “Thriller 40” premieres December 2 on Paramount+ and at 8 p.m.
Persons: CNN — Michael Jackson, Nelson George, Jackson, Usher, Mary J, Blige, George, Michael Jackson ”, , Misty Copeland, “ Bille Jean ”, Michael Jackson's, Robert Hilburn, Fred Astaire, , John Landis, Jafaar Jackson Organizations: CNN, , MTV, Paramount, SHOWTIME, Motown, Los Angeles Times, Jackson, Showtime Locations: London
IBM, which decades ago helped lead the shift from defined benefit plans to defined contribution plans, recently told U.S. employees it will be scrapping its 401(k) match in favor of funding what it calls a "retirement benefit account." Starting next year, IBM will no longer provide a 5% match and a 1% automatic contribution into an employee's 401(k). IBM says the change adds a stable and predictable benefit to employees and helps diversity their retirement portfolios. "Under the plan, IBM bears 100 percent of the risk and must be prepared to pay the benefit at time of employee separation," IBM said in a statement. "Other companies may not have structure to pull off this type of change," said Craig Copeland, director of wealth benefits research at the Employee Benefit Research Institute.
Persons: Craig Copeland Organizations: IBM, Treasury, Finance, Research Institute Locations: New York
Williams, a former federal prosecutor and former U.S. Marine Corps pilot and prosecutor, is the third Republican to declare his candidacy. In an announcement video, Williams says, “I'm running for attorney general because I know how to deal with violence. As a freshman lawmaker, he became one of two House Republicans tapped to lead the impeachment of Philadelphia's progressive district attorney, Larry Krasner. The two other Republicans who have announced their candidacies are York County District Attorney Dave Sunday and former federal prosecutor Katayoun Copeland. Josh Shapiro 's second term as attorney general and doesn't plan to run for the office.
Persons: Philadelphia's, Joe Biden’s, Craig Williams, Williams, , Joe Sestak, Larry Krasner, Krasner, Donald Trump’s, Dave Sunday, Katayoun Copeland, Jack Stollsteimer, Jared Solomon of Philadelphia, Eugene DePasquale, Joe Kahn, Keir Bradford, Michelle Henry, Josh Shapiro, Shapiro, Henry, Marc Levy Organizations: Republican, U.S . Marine Corps, U.S . Rep, Peco Energy Co, Exelon Corp, Republicans, University of Florida, York, Gov Locations: HARRISBURG, Pa, Philadelphia, Alabama, York County, Delaware County, Montgomery, Alaska
Stollsteimer joins a Democratic primary field that is already four-deep in which he will be the only elected prosecutor. In his campaign for attorney general, Stollsteimer will lean heavily on his experience as the twice-elected district attorney of Delaware County, Pennsylvania's fifth-most populous county sitting between Philadelphia and Delaware. In 2019, he won his race for district attorney, becoming the first Democrat to hold the office in Delaware County, once a Republican bastion that Democrats now control. On the Republican side, York County District Attorney Dave Sunday and former federal prosecutor Katayoun Copeland have announced their candidacies. Attorney General Michelle Henry does not plan to run to keep the office.
Persons: Jack Stollsteimer, Joe Biden’s, ” Stollsteimer, Stollsteimer, Donald Trump’s, , Fanta Bility, Jared Solomon of Philadelphia, Eugene DePasquale, Joe Kahn, Keir Bradford, Dave Sunday, Katayoun Copeland, Michelle Henry, Marc Levy Organizations: Democratic, Treasury Department, Democrats, Temple University, Republican, of Education, Philadelphia Inquirer Locations: HARRISBURG, Pa, Delaware County, Pennsylvania, Philadelphia and Delaware, , Philadelphia, Chester, Montgomery, York County
In an economy characterized by a volatile stock market and elevated inflation, a sure thing looks better than ever. For some Americans in the labor force right now, that looks like a pension. Striking members of the United Automobile Workers union made waves this year when the union’s leaders demanded the reopening of defined-benefit pension plans for workers hired after late 2007. leadership failed to persuade automakers to reopen the plans, the bold move didn’t go unnoticed by retirement benefit experts. did mention that in their negotiations, because that isn’t really something you would have seen 10 years ago,” said Craig Copeland, director of wealth benefits research at the Employee Benefit Research Institute, a nonprofit organization.
Persons: , Craig Copeland Organizations: United Automobile Workers, Research Institute
After a few months in fly-infested stables converted to bunkhouses, they are herded onto trains that take them to a remote part of Utah. The America the family sees from the window — their country — is exceedingly beautiful, a counterpoint to their grim situation. Late at night, the woman in the family recites the Lord’s Prayer. In Genesis, after Ham sees Noah naked, Noah curses Ham’s son Canaan — falsely identified by later interpreters as a progenitor of Egyptians and other dark-skinned people: “Cursed be Canaan! Today, we are once again witness to mothers wailing over their children’s dead bodies, bombed hospitals — violence and suffering so vast it is unfathomable.
Persons: Shawn Copeland, Ham, Noah, Ham’s, Canaan —, Copeland, Organizations: Locations: , Utah, America
On Monday night, about 500 people gathered in the Hudson Yards neighborhood of Manhattan for the fourth-annual gala for the Shed, the $475 million arts center that opened in 2019. It has since hosted a concert series by the director Steve McQueen and Quincy Jones and is currently staging Stephen Sondheim’s final musical, “Here We Are.”For the gala, the Shed’s colossal main hall was transformed into a carpeted room with tables spread among low, blobby couches. “I feel like I’m in NASA,” one guest said, adding that the venue felt big enough to accommodate a rocket launch. The evening honored M&T Bank, which has partnered with the center since it began, and the Santo Domingo family, who are longtime supporters. The crowd included the ballerina Misty Copeland, who is also a board member; the designer Wes Gordon; and the hip-hop duo the Dragon Sisters, who are part of the Shed’s Open Call program, which commissions projects from emerging artists in New York.
Persons: Steve McQueen, Quincy Jones, Stephen Sondheim’s, , Santo Domingo, Misty Copeland, Wes Gordon Organizations: Hudson Yards, NASA, T Bank, Santo Locations: Hudson, Manhattan, New York
The new book, "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" — which Dalio and his lawyers have pushed back against — describes everything from Bridgewater's investment process to internal grudges and backstabbing to allegations of sexual harassment. Here are the places where the dozens of Bridgewater employees and consultants named in the book ended up. Dalio, the book said, wrote into the firm's bylaws that he could never hold that title again. Before that, she was the head of investment research and a co-chief investment officer for sustainability. He's worked at different funds since leaving in 2006, including Larch Lane Advisors and Bonaccord Capital as an investor and business-development professional.
Persons: Rob Copeland's, Ray Dalio, Dalio, , Bridgewater, Greg Jensen, YouTube Dalio, nixed, Copeland, He's, Jensen, Eileen Murray, Morgan Stanley, David McCormick, Dina Powell, McCormick, Dave McCormick, Michael M, Nir Bar Dea, Stefanova, Dalio's, Paul McDowell, Bob Eichinger, McDowell, Eichinger, Jen Healy, Osman Nalbantoglu, Matthew Granade, Steve Cohen, Steve Cohen's Point72, Bob Prince, politicking, Karen Karniol, Bridgewater Associates Karen Karniol, Vladimir Putin, Bob Elliott, Elliott, James Comey, Winn McNamee, Barack Obama, Donald Trump, Hillary, Britt Harris, Bridgewater's, Julian Mack, L, Michael Partington, Spencer Stuart, Niko Canner, Jon Rubinstein, Beck Diefenbach Jon Rubinstein, Steve Jobs, Tom Adams, Rosetta Stone, J, Michael Cline, Cline, Kevin Campbell, Campbell, Craig Mundie, Bill Gates, Gates, Mundie, Bill Clinton, George W, Bush, David Ferrucci, IBM's Watson, Ferrucci, Keith Alexander, Alexander, Larry Culp, Culp, Jamie Gorelick, conscientiously, Clinton, Jared Kushner, Jesse Horwitz, Comey, Horwitz, Samantha Holland, Perry Poulos, Murray, Joe Sweet, Tara Arnold, Arnold —, Leah Guggenheimer, She's, Charles Korchinski, Harris, Kent Kuran Organizations: New York Times, Bridgewater Associates, Business, Bridgewater, YouTube, HSBC, Broadridge, Life Insurance, Wells, Treasury Department, Republican, Getty, GOP, Israel Defense Forces, Marto, Princeton University, McKinsey, Point72, Bridgewater didn't, Domino Data, CircleUp, FBI, Trump, of, University of Texas Investment Management Co, Apple, Dalio, Health, Cognition, Mundie, National Security Agency, Amazon, General Electric, Boston Globe, Electric, Trump White House, Harvard Law School, , Hubble, Stefanova's Marto, HBR Consulting, MIO Partners, Burford, Larch Lane Advisors, Bonaccord, Eaton Partners, Stanford, NextEra Energy Resources Locations: Bridgewater, Connecticut, Pennsylvania, China, San Francisco, of Texas, Atlanta, WilmerHale, Asia, India, Shanghai, Singapore, Israel, Africa
New details unearthed in snippets of recorded interviews with four of Donald Trump’s co-defendants who pleaded guilty in the Georgia election interference case spell trouble for the former president and others indicted in the sprawling racketeering scheme. The confidential taped proffers with Fulton County prosecutors were leaked on Monday to ABC News and The Washington Post. “Whether you're talking about racketeering or you're talking about a drug conspiracy, the same principles always apply,” Copeland says. A lot of times the state looks bottom up – the smaller fish will talk about the bigger fish. “In this particular case, it really is an interesting assortment of folks who have come forward, especially from the attorneys' part,” she adds.
Persons: Donald Trump’s, Jenna Ellis, Sidney Powell, Kenneth Chesebro, Scott Hall, Fani Willis, , Amy Lee Copeland, Trump, Rudy Giuliani, Powell, Chesebro, Joe Biden, Ellis, Dan Scavino, we’re, ’ ” Ellis, “ Ms, that’s, ” Copeland, Ellis ’, , Willis, We've, it's, Bob Chealy, , codefendants, ” Willis Organizations: ABC News, The Washington Post, Trump, White Locations: Georgia, Fulton, Savannah, Arizona, Powell , Georgia, Coffee County
There had been plenty during his seven years in office: a deadly, devastating tornado; the coronavirus pandemic; neglected roads that the city could not afford to fix. But Smiths Station pulled through. Mr. Copeland had devised a plan to pay for repaving roads. Many in the city would have welcomed it. Then, on Nov. 3, sheriff’s deputies, who had been called by worried friends of Mr. Copeland to check on him, trailed him until he pulled over miles from Smiths Station and fatally shot himself.
Persons: F.L, Copeland Jr, Bubba, Copeland, Copeland’s Organizations: Smiths, Sims, Smiths Station Locations: Ala, Alabama
Even if you can contribute the maximum amount, that doesn’t necessarily mean you should, Mr. McBrien said. You may have other goals to save for besides retirement, said Craig Copeland, director of wealth benefits research at the Employee Benefit Research Institute. Under the Secure 2.0 Act, a law passed late last year, savers earning $145,000 or more who make 401(k) catch-up contributions would have had to make them as pretax Roth contributions starting in 2024. Can I change the amount of my 401(k) contributions after open enrollment? But while health insurance choices are typically fixed for the full year unless you have a big change in your life, many employers let you tweak your retirement contributions at any time.
Persons: don’t, Kyle McBrien, McBrien, , Craig Copeland, , Roth, pretax Roth Organizations: Research
Bridgewater rigged its "believability weighting" system to keep founder Ray Dalio on top, a new book says. That's according to "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend," out Tuesday from New York Times finance reporter Rob Copeland. Bridgewater's believability weighting system, in theory, was supposed to help determine how much weight a person's opinion carried and to help identify hidden talent within the firm. Bridgewater started experimenting with Dalio's believability weighting system with a prototype allowing staff to see each others' scores on a scale of 1-to-10, but Dalio wasn't pleased, the book said. In response to a request for comment from Insider on the book's assertions regarding the believability rating system, Bridgewater provided excerpts of letters that its lawyers sent to the book's publisher, St. Martin's Press.
Persons: Bridgewater, Ray Dalio, outranked, Dalio, , Rob Copeland, Dalio wasn't, He'd, Copeland Organizations: Service, Bridgewater Associates, New York Times, , Bridgewater, New, Martin's Press Locations: Bridgewater
Bridgewater employees hired strippers so often that the firm adopted rules around them, a new book said. The book also said Bridgewater spent millions renovating a mansion frequented by founder Ray Dalio. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Stripper Policy at The Lookout," the rules read, according to the book. Guests could stay overnight at the Lookout, but the primary bedroom was almost always reserved for Dalio, according to the book.
Persons: Ray Dalio, , Rob Copeland's, Dalio, didn't Organizations: Bridgewater, Service, Bridgewater Associates, The New York Times, LinkedIn Locations: Connecticut, Bridgewater
Ray Dalio's Bridgewater spent nearly $1 million turning a coach bus into an employee limo, a new book says. In a statement, Bridgewater said the book's claims about the bus were "untrue or misleading." AdvertisementAdvertisementBridgewater Associates spent $1 million turning a coach bus into a limousine to shuttle employees around to after-work entertainment, according to a new book about Ray Dalio and his hedge fund. AdvertisementAdvertisementThe bus, internally called the "Rockstar Bus," transported employees from Bridgewater's Connecticut headquarters to bars, restaurants, and casinos, according to Copeland's book. AdvertisementAdvertisement"Four of the buses are standard coach commuter buses, and one of the buses was upfitted as a limousine bus.
Persons: Ray Dalio's Bridgewater, Rob Copeland's, Bridgewater, , Ray Dalio, Rob Copeland, Bridgewater's, Dalio Organizations: Bridgewater, Service, Bridgewater Associates, New York Times, Martin's Press Locations: Bridgewater, Bridgewater's Connecticut, Bridgewater's, New York City, Bridgewater's Westport
Bridgewater employees have famously rated one another's performance in real-time. Ray Dalio even fired an employee based on his peers' answers to a poll about him, "The Fund" says. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Information was compiled into individual employee profiles, which were known as baseball cards around the office, the book said.
Persons: Ray Dalio, , Ray, Rob Copeland's, Copeland, Dalio, Michael Partington, Partington, Bridgewater Organizations: Bridgewater, Service, Bridgewater Associates, Workers Locations: Ray Dalio's, Bridgewater
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at the internet calling for changes to the "soul-crushing" and "depressing" 9-to-5 workday. The 40-hour workweek is facing a reckoning after a recent grad's viral TikTok emotionally questioning how people have time for a personal life while working a full-time job. AdvertisementAdvertisementSo yes, upending the 9-to-5 is possible — and worth considering — but only with a bit of sacrifice from all of us. Earnings today: Uber, eBay, H&R Block, Nintendo, and other companies.
Persons: , Dolly Parton, Jeff Kravitz, FilmMagic, Dolly, Gen, Insider's, Gen Z, Tim Paradis, I've, we'd, Rebecca Zisser, Ray Dalio, That's, Rob Copeland's, Dalio, Warren Buffett's, Sam Altman Justin Sullivan, OpenAI's, Sam Altman, Slack, Lidiane Jones, Bumble, Tesla, Samantha Lee, WeWork, they're, Billie Jean King, Bryan Johnson, Dustin Giallanza, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bridgewater Associates, Bank of America, EV, Microsoft, Billie Jean King Cup, eBay, Nintendo Locations: Taylor, Berkshire, Kentucky, Mississippi, Sevilla, Spain, Australia, Canada, Czech Republic, France, Germany, Italy, Kazakhstan, Poland, Slovenia, Switzerland, New York City, San Diego, London, New York
Some staff at Bridgewater Associates took personal calls in the woods so their employer couldn't listen in, a new book says. This stopped when a rumor claimed the firm might install devices in the trees, per "The Fund." AdvertisementAdvertisementSome employees at Ray Dalio's investment-management firm Bridgewater Associates took non-work calls in the woods near their offices because they were worried about their employer listening in, according to a new book. This practice stopped, though, when a rumor claimed that the firm was looking into installing devices in the trees that could intercept calls, per the book. AdvertisementAdvertisementIt added that the company "did not investigate installing 'devices in the trees.'"
Persons: Rob Copeland's, , Ray, Rob Copeland, Ray Dalio, James Comey, printout, printouts, Bridgewater, Dalio Organizations: Bridgewater Associates, Service, New York Times, FBI, Staff, Bridgewater, St Martin's Press Locations: Bridgewater, New, keystroke
Ray Dalio once ordered a probe into urine on the men's room floor, a new book says. Bridgewater said Dalio did complain about restroom tidiness, but the book passage is "exaggerated" and "false." In "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend," Copeland wrote that Dalio once excused himself from a meeting to use the restroom and he found pee on the floor. "It was a true circus," Copeland wrote in the book. Bridgewater even brought in new urinals and added stickers as targets, the book said, and later reviewed their exact placement.
Persons: Ray Dalio, Dalio, Bridgewater, , Rob Copeland, Copeland Organizations: Service, New York Times, Bridgewater Associates, LinkedIn, Bridgewater Locations: Bridgewater
Take a look at some questions from the exam, published in "The Fund," out Tuesday. Dalio even had a team put together a five-section, closed-book Principles Test that was mandatory for all employees, Copeland wrote. "The Fund" published a handful of questions from the exam. One string of questions asked:"About what percentage of the Bridgewater population would steal if they could get away with it? In 2017, Dalio published his own book chronicling the lessons he learned throughout his career, called "Principles: Life and Work."
Persons: Ray Dalio's Bridgewater, , Rob Copeland, Ray Dalio, Dalio, Copeland, Bridgewater Organizations: Service, Bridgewater, New York Times, Bridgewater Associates, Investment, LinkedIn Locations: Bridgewater
She was one of Ray Dalio's favorites. The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. A spokesperson for Ray Dalio told Insider, "This book is just another one of those classic tabloid books, authored by someone who applied for a job at Bridgewater and was rejected more than a decade ago. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.
Persons: Ray Dalio's, Katina Stefanova, mentee, Dalio, Stefanova, wasn't, lackeys, Bridgewater, hadn't, Who, Dalio's leveragers, Ray Dalio, Rob Copeland, Ray, Dustin Hoffman's Oscar Organizations: Bridgewater Associates, Bridgewater, Transparency, Martin's, Martin's Publishing, New York Times, Wall Street Journal Locations: Bridgewater, Bridgewater's Westport, Conn, St
She was one of Ray Dalio's favorites. Dalio announced to the room that he would first "probe" and then deliver what he called a "diagnosis." The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.
Persons: Ray Dalio's, Katina Stefanova, mentee, Dalio, Stefanova, wasn't, lackeys, Bridgewater, hadn't, Who, Dalio's leveragers, Ray Dalio, Rob Copeland, Ray, Dustin Hoffman's Oscar Organizations: Bridgewater Associates, Bridgewater, Transparency, Martin's, Martin's Publishing, New York Times, Wall Street Journal Locations: Bridgewater, Bridgewater's Westport, Conn, St
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