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☆ Bumper corporate profits helped prevent mass layoffs and a recession, says leading economist
▼ + stars: | 2024-04-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

After-tax profits hit a record high of $2.8 trillion in the fourth quarter, per the Commerce Department. "The gangbuster gain in profits helps explain why businesses have been able and willing to hold the line on layoffs, which was key to avoiding recession," he said. Advertisement"It also helps explain the record stock market, and the resulting positive wealth effects and resilient consumer spending." Related storiesAs for stocks, they're generally valued at a multiple to company profits so they've hit record highs too. That has made stockholders feel wealthier and more comfortable spending, Zandi said.

Persons: —, Mark Zandi, That's, Zandi Organizations: Service, Corporate America, Corporations, Commerce Department, Business, Federal Reserve, Companies

☆ Google's DeepMind CEO says the massive funds flowing into AI bring with it loads of hype and a fair share of grifting
▼ + stars: | 2024-04-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The funding bonanza over AI could add lots of hype and "maybe some grifting," says Demis Hassabis. "In a way, AI's not hyped enough but in some senses it's too hyped," the Google DeepMind chief said. "In a way, AI's not hyped enough but in some senses it's too hyped," Hassabis the Financial Times in a story published Sunday. The fervor amongst investors for AI, Hassabis told the Financial Times, reminded him of "other hyped-up areas" like crypto. "Some of that has now spilled over into AI, which I think is a bit unfortunate," Hassabis told the outlet.

Persons: Demis Hassabis, AI's, —, Hassabis, Fred Havemeyer, Havemeyer, We've, Gary Gensler, Gensler Organizations: Google, Investors, Service, Financial Times, Financial, Amazon, CNBC, Securities and Exchange Commission, SEC, Business Insider

☆ Why Russia Is Protecting North Korea From Nuclear Monitors
▼ + stars: | 2024-03-29 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

Through the most tense encounters with President Vladimir V. Putin’s Russia over the past decade, there has been one project in which Washington and Moscow have claimed common cause: keeping North Korea from expanding its arsenal of nuclear weapons. On Thursday, Russia used its veto power in the United Nations Security Council to kill off a U.N. panel of experts that has been monitoring North Korea’s efforts to evade sanctions over its nuclear program for the past 15 years. Moscow once welcomed the panel’s detailed reports about sanctions violations and considered Pyongyang’s nuclear program to be a threat to global security. But more recently, the panel has provided vivid evidence of how Russia is keeping the North brimming with fuel and other goods, presumably in return for the artillery shells and missiles that the North Korean leader, Kim Jong-un, is shipping to Russia for use against Ukraine. The group has produced satellite images of ship-to-ship transfers of oil, showing how the war in Ukraine has proved to be a bonanza for the North.

Persons: Vladimir V, Kim Jong Organizations: Putin’s, United Nations Security Council, North Korean, Ukraine Locations: Putin’s Russia, Washington, Moscow, North Korea, Russia, Ukraine

☆ Louis Gossett Jr., 1st Black man to win supporting actor Oscar, dies at 87
▼ + stars: | 2024-03-29 | by ( ) www.cnbc.com time to read: +8 min

Louis Gossett Jr., the first Black man to win a supporting actor Oscar and an Emmy winner for his role in the seminal TV miniseries "Roots," has died. Gossett became the third Black Oscar nominee in the supporting actor category in 1983. "More than anything, it was a huge affirmation of my position as a Black actor," he wrote in his 2010 memoir, "An Actor and a Gentleman." "I knew too little to be nervous," Gossett wrote. Gossett went to Hollywood for the first time in 1961 to make the film version of "A Raisin in the Sun."

Persons: Louis Gossett Jr, Oscar, Gossett's, Neal L, Gossett, Nelson Mandela, Louis Gossett, Ben Vereen, LeVar Burton, John Amos, Richard Gere, Debra Winger, David Susskind, Ed Sullivan, Red Buttons, Merv Griffin, Jack Paar, Steve Allen, James Dean, Marilyn Monroe, Martin Landau, Steve McQueen, Frank Silvera, Sidney Poitier, Ruby Dee, Diana Sands, Billy Daniels, Sammy Davis Jr, Melvyn Douglas, Anne Baxter, Patrick O'Neal, Royce Corniche, Richard Pryor, Sharon Tate's, Charles Manson's, Louis Cameron Gossett, Louis Sr, Sadat, Dave Karger's, Satchel Paige, Josephine Baker, Oscar didn't, Satie, Robert Gossett, Hattie Glascoe, Christina Mangosing, Cyndi James, Reese Organizations: HOLLYWOOD, TCM, Associated Press, Oscar, Globe, Broadway, New York University, Hollywood, Beverly Hills Hotel, Universal Studios, Eracism Foundation, Rockford, Mamas, White Locations: CA, Hollywood , California, Santa Monica , California, Malibu, Brooklyn, Manhattan, Hollywood, Los Angeles County, Beverly Hills, Coney, Brooklyn , New York, Malibu .

☆ Trump's net worth reportedly soars to $6.5 billion after media company stock jumps
▼ + stars: | 2024-03-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

The bonanza was the result of a merger approved Friday between Trump's social media company, Trump Media & Technology Group, and a shell company, Digital World Acquisition Corp., known as DWAC . Trump owns nearly 80 million shares, or roughly 58%, of Trump Media, which operates his social media site Truth Social. At DWAC's closing price Monday of $49.95 a share , Trump's stock was worth $4 billion on paper. The newly merged social media company said it will begin trading Tuesday under the ticker symbol DJT. MSNBC's Stephanie Ruhle on Friday described Trump's media company as a meme stock largely dependent on one man: Trump.

Persons: Donald Trump, Trump, MSNBC's Stephanie Ruhle Organizations: Trump Media & Technology Group, Bloomberg, Trump, Trump Media Locations: New York City, York

☆ It's March Madness time — and we mean business
▼ + stars: | 2024-03-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we've made a March Madness bracket to decide the biggest topics in business, tech, and innovation, and we need you to vote . [2] Interest rates vs. [7] US-China relations: The biggest question in the market is when the Federal Reserve will lower rates. China doesn't have as direct an impact on US businesses as interest rates, but it's not far behind. Anna Moneymaker/Getty ImagesThe Fed holds the line on interest rates.

Persons: —, Jensen, we've, ya, Kevin Frayer, Chelsea Jia Feng, it's, Elon Musk, Jerome Powell, Anna Moneymaker, he's, Goldman Sachs, Russell Horwitz, hasn't, Greg Doherty, Mustafa Suleyman, Karén Simonyan, Sam Altman, Alex Nabaum, It's, Elon Musk's Neuralink, Noland Arbaugh, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Federal Reserve, EV, Boomers, Fed, UBS, BI, Wall, Variety, New York Stock Exchange, Microsoft, Amazon, FedEx, Nike Locations: China, VCs, Valley, New York, London

☆ A 'server anomaly' that made it look like some advertisers were bidding billions of dollars sent the adtech industry into chaos
▼ + stars: | 2024-03-18 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementBusiness Insider confirmed that the cause of the error was a brief "server anomaly" at PubMatic, an adtech company. A PubMatic spokesperson said the anomaly, at one of its US data centers, caused "abnormally high CPMs being passed to the publisher ad server on a limited number of impressions." The PubMatic error occurred in the communication that happened between the SSP and PubMatic's ad server, according to the company. The actual financial impact for individual publishers and adtech companies is likely to be minimal.

Persons: —, Nicolas Schueller, Adomik, Friday's snafu, Kargo, aren't, PubMatic, Scott Messer Organizations: Service, Business, Publishers, CNN, AMC Networks, Fox, The New York Times, Delta Airlines, Comcast Locations: PubMatic, Friday's

☆ Amazon plans 'Big Spring Sale' that's not just for Prime members starting March 20
▼ + stars: | 2024-03-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon will host a spring sale next week with discounts on seasonal items, and this one is not restricted to Prime members. Amazon said Thursday that the event, which it's calling the "Big Spring Sale," will run for six days starting March 20, in North America. Unlike the Prime Day discount bonanza typically held in the summer, next week's event will be open to shoppers who don't pay for a Prime membership. The subscription program costs $139 per year, or $14.99 a month, in the U.S., and perks include free, speedy shipping; video streaming; and access to exclusive Prime Day deals. The company is launching its spring event as shoppers, grappling with high inflation, remain hungry for discounts.

Persons: Amazon Organizations: Amazon, U.S . Department of Labor Locations: Robbinsville , New Jersey, North America, U.S

☆ ‘Glitter & Doom’ Review: As a Vibe, It’s Fun. As a Film? Closer to Fine.
▼ + stars: | 2024-03-07 | by ( Wesley Morris | ) www.nytimes.com time to read: +2 min

There’s nostalgic art. Then there’s art that seems like somebody thawed it after 30 frozen years. They’re by the Indigo Girls. Many of them are songs the Indigo Girls made a certain kind of popular during the years of that very bonanza. Both “Barbie” and the final sequence of a particularly exhilarating episode of “Transparent” use the same Indigo Girls hit (“Closer to Fine”) in a way that proves the power of this music to gather together, win over, wear down, wind up.

Persons: “, Patience ”, “ Claire, Tom Waits’s, Emily Saliers, Amy Ray’s, Barbie ”, Lydia Polgreen Organizations: Indigo Locations: Philadelphia

☆ One Twin Was Hurt, the Other Was Not. Their Adult Mental Health Diverged.
▼ + stars: | 2024-03-06 | by ( Ellen Barry | ) www.nytimes.com time to read: +1 min

Take Dennis and Douglas. In high school, they were so alike that friends told them apart by the cars they drove, they told researchers in a study of twins in Virginia. Most of their childhood experiences were shared — except that Dennis endured an attempted molestation when he was 13. At 18, Douglas married his high school girlfriend. Why do twins, who share so many genetic and environmental inputs, diverge as adults in their experience of mental illness?

Persons: Dennis, Douglas Organizations: University of Iceland, Karolinska Institutet Locations: Virginia, Sweden

☆ It's becoming insane again in venture capital: A tiny AI startup wants investors to pay $100 to book a meeting with its founder.
▼ + stars: | 2024-03-01 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

A couple of days ago, startup founder Dan Siroker set his sights on meeting new investors. Siroker closed the process with 170 bids to sift through. Siroker told Business Insider this week that he isn't actively fundraising. Advertisement"When deals get hot, there is extreme interest," Ben Lerer, managing partner of Lerer Hippeau, an early-stage venture firm, told Business Insider's Ben Bergman late last year. "If you're not there long before the raising, you're not part of the conversation."

Persons: —, Dan Siroker, clamoring, whittle, Siroker, isn't, Andreessen Horowitz, they'd, Pavlo Gonchar, Ben Lerer, Lerer, Insider's Ben Bergman, there's, Dick Costolo, they're, Costolo, he'd Organizations: Service, Business, Getty, Twitter, Google, Nvidia, Boys & Girls Locations: haves, Silicon Valley

☆ Europe is having its worst earnings season since the onset of Covid — with little hope of a quick turnaround
▼ + stars: | 2024-03-01 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

As of Feb. 29 with 313 companies having reported, 50.2% posted a beat, according to a CNBC analysis of FactSet data. This was the smallest percentage of beats — thus the worst earnings season — since the first quarter of 2020 when the pandemic first hit European firms. Share buyback bonanzaSharon Bell, a senior European strategist at Goldman Sachs, told CNBC that she had noticed a new trend for European corporates during this earnings season. "What you have seen is a lot of companies announcing buybacks," she told CNBC's "Squawk Box Europe" Tuesday. "It is absolutely huge, you've never really seen this before in 20, 30 years, European companies pay dividends, they don't do buybacks," she said.

Persons: —, Edward Stanford, Philippe Ferreira, Kepler Cheuvreux, Sharon Bell, Goldman Sachs, CNBC's, you've, Bell, Ferreira Organizations: CNBC, HSBC, L'Oreal, European Central Bank, Shell, Deutsche Bank, Novo Nordisk, UBS Locations: Triomphe, France, Europe, China, Ukraine, European

☆ Exxon Raises Questions About Chevron’s $53 Billion Deal for Hess
▼ + stars: | 2024-02-27 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

America’s two largest energy companies, Exxon Mobil and Chevron, are jousting over a prized new source of oil in the waters off Guyana, in Latin America. The conflict is creating doubts over Chevron’s bid to acquire Hess Corp. for $53 billion, announced in October. With just 800,000 people, Guyana, long one of Latin America’s poorest countries, is now being compared to Qatar, the natural gas-rich Persian Gulf emirate. Exxon has raised concerns over Chevron’s effort to gain entry to this petroleum bonanza through a proposed purchase of Hess’s 30 percent stake in Stabroek. Exxon owns 45 percent of Stabroek and is the operator or manager of the area.

Organizations: Exxon Mobil, Chevron, Hess Corp, Exxon Locations: Guyana, Latin America, Qatar, Stabroek

☆ 'Rust' armorer may have smoked marijuana the night before fatal shooting of Halyna Hutchins, prosecutors allege
▼ + stars: | 2024-02-24 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Prosecutors alleged Hannah Gutierrez-Reed was hungover the day of the fatal "Rust" shooting. The armorer is on trial for involuntary manslaughter for her role in the death of Halyna Hutchins. I'm so pooped," Gutierrez-Reed wrote to one colleague the evening before the incident. The shooting unfolded on the Bonanza Creek Ranch set near Santa Fe while filming the low-budget Western film. Santa Fe County Sheriff's OfficeA bullet from the gun struck Hutchins, a 42-year-old married mother-of-one, mortally wounding her.

Persons: Hannah Gutierrez, Reed, Halyna Hutchins, —, Hutchins, Alec Baldwin, Joel Souza, Per, Gutierrez, Gutierrez Reed, Kari T, Morrissey, Jae C, AP Gutierrez, Baldwin Organizations: Service, Los Angeles Times, AP, Office Locations: Santa Fe

☆ ‘Rust’ film armorer’s manslaughter trial opens with both sides debating whose negligence matters most
▼ + stars: | 2024-02-22 | by ( Christina Maxouris | Eric Levenson | ) edition.cnn.com time to read: +12 min

Gutierrez Reed, Bowles pointed out, was just 24 at the time and had to split her time as both armorer and props assistant. “When the state talks about Ms. Gutierrez Reed being negligent, what really happened is production was negligent,” he said. Gutierrez Reed is the first person to stand trial in a case that has highlighted the movie industry’s safety standards – and this specific set’s violations of them. "Rust" film armorer Hannah Gutierrez Reed has pleaded not guilty to the charges. According to the probable cause statement, Gutierrez Reed also left a cart that contained ammunition unsecured and unsupervised during the break.

Persons: “ Rust, armorer Hannah Gutierrez Reed’s, Halyna Hutchins, Jason Lewis, Gutierrez, ”, “, Jason Bowles, Alec Baldwin, Gutierrez Reed, Bowles, Hutchins, Baldwin, Hannah Gutierrez Reed, Pool Baldwin, David Halls, Gutierrez Reed’s, ” Bowles, –, Halls, Lisa Torraco, ” Torraco, Joel Souza, Souza, Mario Anzuoni, Gutierrez Reed “, “ Reed, Melina Spadone, ” CNN’s Josh Campbell Organizations: CNN, Prosecutors, NBC, Getty, KOAT, –, Los Angeles Times, Times, Reuters, New, Rust Movie, OHSB, Sheriff's, Getty Images Defense Locations: Mexico, Santa Fe, California, New Mexico

☆ What to Know About This Crazily Crowded Broadway Spring Season
▼ + stars: | 2024-02-21 | by ( Michael Paulson | ) www.nytimes.com time to read: +1 min

Is Broadway facing a bonanza or a blood bath? For potential ticket buyers, there will be a dizzying array of options. In early April, about 38 shows should be running on Broadway (the exact number depends on unexpected closings or openings between now and then). “From a consumer point of view, we’re excited about the amount of choice there is on Broadway,” said Deeksha Gaur, the executive director of TDF, the nonprofit that runs the discount TKTS booths. But the density of late-season openings — 11 plays and musicals over a nine-day stretch in late April — has producers and investors worried about how those shows will find enough ticket buyers to survive.

Persons: —, ”, Deeksha Gaur, TDF Organizations: Broadway

☆ Big deals are back with a $53 billion bang
▼ + stars: | 2024-02-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This week alone, Capital One agreed to acquire Discover for $35 billion, Truist Financial announced a $15.5 billion sale of its insurance arm, and Walmart shook hands to buy TV maker Vizio for $2.3 billion. The trio of transactions, worth a combined $53 billion, have lifted the value of deals announced worldwide this year to $425 billion — a 55% increase from the same period in 2023, Bloomberg estimates. Transactions worth more than $5 billion plunged 60%, from nearly 150 deals in 2021 to fewer than 60 last year, LSE Group found. Potential headwinds include stubborn inflation, a surprise recession, escalating armed conflicts, regulatory crackdowns, and uncertainty over this year's presidential election.

Persons: — Organizations: Service, Discover, Truist Financial, Walmart, Bloomberg, Business, London Stock Exchange, LSE Group, dealmaking, Federal Reserve

Either way, Washington paid little attention to his birthday according to Mountvernon.org, the website of the organization that manages his estate. The official designation is as Washington’s Birthday, although it has come to be known informally as Presidents Day. A small number of states, including Illinois, observe Lincoln’s birthday as a public holiday, according to the Library of Congress. And some commemorate both Lincoln and Washington on Presidents Day. The Uniform Monday Holiday Act took effect in 1971, moving Presidents Day to the third Monday in February.

Persons: George Washington, Alexis Coe, George of Washington, ”, “ It's, “ Jefferson, Lincoln, Washington, ” Coe, Marquis de Lafayette, —, Coe, Thomas Jefferson, comte de Rochambeau, Seth Bruggeman, Bruggeman, Arbelbide, “, ” Bruggeman Organizations: Washington, Temple University, Congressional Research Service, District of Columbia, Library of Congress, National Archives, The Locations: NORFOLK, Va, Washington, Virginia, Mount Vernon, Philadelphia, District, Illinois, Lincoln, The Republic, America

☆ Mark Zuckerberg has entered his Posting Era
▼ + stars: | 2024-02-16 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Mark Zuckerberg put out an Instagram video reviewing the Apple Vision Pro this week. AdvertisementHaving not personally tested both devices, I am not fully qualified to judge whether Mark Zuckerberg's video review accurately compares Apple's Vision Pro to the Meta Quest 3. Mark Zuckerberg has entered his Posting Era. I don't attempt to think too hard about Mark Zuckerberg's inner life, but I don't get the sense that what we're seeing is a window into his soul. What I see now is something I never thought might happen: Mark Zuckerberg is getting high on his own supply.

Persons: Mark Zuckerberg, Meta's, He's, —, Mark Zuckerberg's, We've, Zuckerberg, it's, Priscilla, Mark, I've, Andrew, Boz, Bosworth, Steve Ballmer, poopooed, Ping, Cook, Elon, Zuckerberg's, Apple, It's, Tim Cook, Meta Organizations: Apple Vision, Service, Meta, Vision, Morning, Vision Pro, Microsoft, Apple, Apple's, Facebook, iTunes Locations: TikTok

New Mexico's Legislature has approved a bill aimed at reducing pollution from cars and trucks by creating financial incentives for transportation fuel producers and importers to lower the carbon intensity of their products. The bill calls for a reduction in the intensity of greenhouse gas emissions for transportation fuels used in the state — of 20% by 2030 and 30% by 2040. It would require producers of high-polluting fuels to buy credits from producers and importers of low-carbon fuels. The transportation sector is the second largest source of greenhouse gas emissions in New Mexico behind the oil and natural gas industry. “I am concerned about what this bill will do to the price of transportation fuel," Sen. Greg Nibert of Roswell said during Tuesday's Senate floor debate.

Persons: Michelle Lujan Grisham, State Sen, Mimi Stewart, Albuquerque, “, Sen, Greg Nibert, Roswell, Bill cosponsor, Kristina Ortez, ”, Greg Baca, Belen, we're Organizations: Democratic Gov, Department, Democratic, Chevron, New Mexicans, ” Republican Locations: California , Oregon, Washington, Mexico, New Mexico, State, Tuesday's, Taos, ”

They say that includes photos showing that live rounds were present on the set days before Hutchins was killed. They also plan to present testimony that, months prior to the shooting, Gutierrez-Reed had looked for and purchased live .45-caliber ammunition. “The tragedy occurred due to a series of negligent acts given that live rounds were on set well before October 21, 2021. Flimsy is how her attorneys describe the evidence that she might have unknowingly brought live rounds on set, saying it falls far short of standards for prosecution. Live ammunition has made its way onto U.S. movie sets with severe consequences in just a handful of instances.

Persons: Alec Baldwin, Halyna Hutchins, Joel Souza, armorer Hannah Gutierrez, Reed, Hutchins, Gutierrez, Ms, Kari Morrissey, Seth Kenney, can’t, “ Rust, —, Baldwin, “, David Halls, ”, Brandon Lee, ” Lee, Jason Lewis, Jason Bowles, Morrissey, ’ Organizations: SANTA FE, Prosecutors, ”, Greystone Television Locations: SANTA, Albuquerque, State, New Mexico, Santa Fe

CLEARWATER, Fla. (AP) — The names of two women who were killed when a small airplane crashed into a Florida mobile home park, and the identity of the pilot who died in the fiery accident, were released Saturday by officials in the city of Clearwater. Martha Parry, 86, was a resident of a double-wide mobile home that was destroyed in Thursday night's crash. A visitor to the home, 54-year-old Mary Ellen Pender of Treasure Island, also was killed, as was the plane's pilot, Jemin Patel, 54, of Melbourne Beach. Patel had reported engine failure on the single-engine Beechcraft Bonanza V35 shortly before crashing into the Bayside Waters mobile home park around 7 p.m. Thursday, the Federal Aviation Administration said. The aircraft had taken off earlier in the day from Vero Beach.

Persons: Martha Parry, Mary Ellen Pender, Jemin Patel, Patel Organizations: Bayside Waters, Federal Aviation Administration, National Transportation Safety Locations: CLEARWATER, Fla, Florida, Clearwater, Treasure, Melbourne Beach, Vero Beach

☆ Oil Giants Pump Their Way to Bumper Profits
▼ + stars: | 2024-02-02 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

The companies’ earnings were down from the bonanza year of 2022, when a surge in prices pushed up profits, but were otherwise the strongest in recent history. Exxon earned $7.6 billion in the fourth quarter of 2023, a 40 percent fall from the same period in 2022. For all of 2023, the company reported $36 billion in earnings, compared with $55.7 billion in 2022. Chevron reported earnings of $2.3 billion in the fourth quarter, down from $6.3 billion a year earlier. For the year, the company made $21.4 billion, down from $35.4 billion in 2022 but, like Exxon, otherwise its biggest annual profit in a decade.

Organizations: Exxon Mobil, Chevron, Exxon Locations: California

☆ Tax season is underway. Here’s what investors should know to prepare
▼ + stars: | 2024-02-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Tax filing season officially started on Monday, and investors could pay the price following last year's stock market bonanza. Meanwhile, investors collected yields exceeding 5% in money market funds, certificates of deposit and high yield savings accounts. In New York, the top income tax rate is 10.9%, and it's 13.3% in California. Vanguard's New York Municipal Money Market Fund (VYFXX) has a 7-day SEC yield of 4.25% and an expense ratio of 0.16%. Fidelity offers the California Municipal Money Market Fund (FSPXX) , which has a 7-day yield of 3.54% and an expense ratio of 0.3%.

Persons: Tim Steffen, Brenna McLoughlin, you've, McLoughlin, Vanguard's, Sam Nofzinger, Steffen, it's, There's Organizations: Baird, Wealthstream Advisors, York Municipal Money Market Fund, SEC, Fidelity, Money Market Fund, Public Locations: Milwaukee, New York, California, York, –

☆ The mystery of Chipotle's 'burrito season,' solved
▼ + stars: | 2024-01-31 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

Once again, Chipotle is staffing up ahead of " burrito season ." And once again, the people are asking: "What the hell is burrito season?" Burrito season, the company says, represents its busiest time of the year. When I asked a spokesperson for Chipotle to shed some light on the mysteries of burrito season, her answer was both straightforward and perplexing. But after confirming the existence of burrito season, I was still left with two big questions.

Persons: Chipotle, chow, —, Kyle Murray, Justin Seitzler, Seitzler, Emily Stewart Organizations: Cinco de Mayo, CFRA Research, Bureau of Labor Statistics, University of Alberta, Hamptons, Business Locations: Cinco, burritos, Chipotle, El, New York

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