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☆ Club Q shooting suspect opened fire immediately, claimed to have been awake for days, affidavit says
▼ + stars: | 2022-12-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +2 min

The suspect accused of killing five people in an attack on a Colorado LGBTQ club opened fire almost immediately after arriving and later claimed to not have slept for days, police said in an affidavit released Wednesday. Anderson Lee Aldrich, 22, was charged Tuesday with 305 criminal counts, including murder and hate crimes, in the shooting at Club Q in Colorado Springs just before midnight Nov. 19. Aldrich was taken down by bystanders, stopping the attack, officials and witnesses have said. A further 17 people were injured by gunfire, and five others had physical injuries from other causes, officials have said. The charges against Aldrich include first-degree murder, attempted first-degree murder, first- and second-degree assault and bias-motivated crimes.

☆ The best-performing large-cap fund manager of 2022 shares what he got right as high inflation and interest rates tanked the market this year — and where he's investing heading into 2023
▼ + stars: | 2022-12-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Daniel Peris of Federated Hermes is the top-performing large-cap fund manager of 2022. Historian-turned-mutual fund manager Daniel Peris is making some history of his own this year. Nearly as unconventional as Peris' background is his approach to running his dividend fund. Absolute and relative performance matter little compared to dividend growth and yields, Peris told Insider in a recent interview. However, the fund manager said that as inflation starts to settle down, stocks in the aforementioned food, beverage and tobacco, household products, and pharmaceuticals industries are his favorites.

☆ Here are the 4 smartest places to put your money in 2023 after a nightmarish year, according to a fund manager at JPMorgan's $2.3 trillion asset management arm
▼ + stars: | 2022-12-08 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Portfolio manager Phil Camporeale of JPMorgan Asset Management sees a recession coming. One of the ugliest years on record for stocks and bonds has been unforgiving for the $3.4 billion JPMorgan Global Allocation Fund (GAOSX) that Camporeale co-manages. Risk-on bets stemmed from a belief that foreign stocks would roar back as the global economy reopened and interest rates rose. Heading into 2023, the global economy is on the brink of a recession and inflation remains an issue. What to expect in 2023 — and where to investInvestors should count on a mild recession next year as growth weakens while interest rates spike, Camporeale said.

“You have to sample them all and analyze them all to see if they belong to victims or a suspect. The Moscow killings occurred in a three-story, six-bedroom rented house, about a half-block from the University of Idaho campus. The apartment house in Moscow, Idaho, where four students were stabbed to death held an enormous amount of biological evidence, experts say. “So, who could have left that DNA evidence? Before getting answers about DNA, investigators seek clues in the location of blood.

☆ ‘Cookies So Good We’re Being Sued.’ Welcome to Utah’s Bakery Wars
▼ + stars: | 2022-12-06 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Utah is big business for the dessert trade, with many residents favoring sweets and soda shops to a bar or cafe. It is also home to a legal battle over the state’s latest craving, gourmet cookies, a food fight that has turned uglier than a burned batch of snickerdoodles. Dubbed #UtahCookieWars on social media, intellectual-property litigation between two cookie chains has spilled into the public square.

☆ Michael Avenatti Sentenced to 14 Years in Prison for Defrauding Clients
▼ + stars: | 2022-12-06 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Michael Avenatti, pictured in February, was ordered to pay nearly $11 million in restitution to former clients and the IRS. Disgraced former celebrity lawyer Michael Avenatti was sentenced Monday in a California federal court to 14 years in prison for stealing millions of dollars from four former clients. U.S. District Judge James Selna handed down the sentence to Mr. Avenatti, who earlier this year pleaded guilty to four counts of wire fraud and one count of obstructing the Internal Revenue Service.

☆ Chile investigates hepatitis A-tainted raspberries recalled in U.S.
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

SANTIAGO, Dec 6 (Reuters) - Chile's government launched an investigation on Tuesday after raspberries from a Chilean company were recalled in the United States due to hepatitis A contamination. U.S. Food and Drug Administration (FDA) testing found the presence of hepatitis A in James Farm brand frozen raspberries from the South American country, a major exporter of raspberries, blueberries, grapes and cherries. "The Agricultural and Livestock Service (SAG) has learned of these facts and has ordered an audit of the company," SAG Director Andrea Collado told Reuters, adding that the investigation could lead to a sanctions. The FDA said there have been no reports of illnesses or adverse reactions related to the fruits. Reporting by Fabian Andrés Cambero; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Public-Corruption Charges Dismissed Against Former New York Lt. Gov. Brian Benjamin
▼ + stars: | 2022-12-05 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

A federal judge Monday tossed the bulk of a public-corruption case against former New York Lt. Gov. Brian Benjamin , finding the Justice Department’s charges didn’t meet the legal bar for prosecuting alleged bribery involving campaign contributions. U.S. District Judge J. Paul Oetken in Manhattan threw out three corruption charges against Mr. Benjamin, a Democrat who was indicted earlier this year on five criminal counts for allegedly soliciting campaign donations from a real-estate developer in exchange for steering $50,000 in state funds to the developer’s education nonprofit in Manhattan’s Harlem neighborhood.

☆ The managers of a $5.8 billion fund that's beaten 99% of competitors in the past 15 years share how to find winning value stocks in 2023 using this simple, timeless process
▼ + stars: | 2022-12-05 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The Tweedy, Browne International Value Fund has outperformed 99% of peers over the past 15 years. Few funds have been a better bet than the Tweedy, Browne International Value Fund (TBGVX) over the past three decades. Perhaps most impressive is that the $5.8 billion Tweedy, Browne International Value Fund has topped 99% of funds in its category in the past 15 years, according to Morningstar. Insider spoke with Wyckoff, Shrager, and Hill about their investing process and where they see opportunities for international stocks in 2023. Value stocks and international companies should outperform their growth and US-based peers, in his view.

☆ LeBron James passes Magic Johnson on NBA’s career assists list
▼ + stars: | 2022-12-03 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +1 min

CNN —LeBron James moved past Magic Johnson for sixth place on the NBA’s all-time assists list as the Los Angeles Lakers took a hard earned 133-129 win over the Milwaukee Bucks. James added 28 points in a match where the lakers managed to hold off the Milwaukee Bucks, winning 133-129. James finished the match with 11 assists in total, taking his tally to 10,144. “It means a lot, obviously,” James said, of surpassing Johnson’s assists, according to NBA.com. James is now creeping closer to the title of NBA all-time leading scorer, and is currently 936 career points behind Kareem Abdul-Jabbar.

☆ The top strategist at BMO Capital Markets says stocks are ready for a multi-year recovery in 2023 after a recession strikes — and these 11 names look attractive right now
▼ + stars: | 2022-12-02 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

BMO Capital Markets isn't changing its S&P 500 price target of 4,300 heading into 2023. Here's a look at BMO's 2023 market outlook as well as 11 US stocks to buy now. That environment means active stock-picking — not passive index investing — is now the key to outperformance, Belski wrote. In Belski's base case, S&P 500 earnings will fall 5% in 2023, which would be the biggest decline in corporate earnings since 2015 (excluding 2020). A recession in the US is "almost inevitable" in 2023, Belski wrote.

☆ University of Idaho student slayings may not have been a targeted attack, police say, walking back their prior statement
▼ + stars: | 2022-12-01 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Police investigating the grisly killings of four University of Idaho students are walking back a prior statement, now saying it is not known if the residence or its occupants were "specifically targeted." Madison Mogen, 21, Kaylee Goncalves, 21, Xana Kernodle, 20, and her boyfriend, Ethan Chapin, 20, were found fatally stabbed at an off-campus home in Moscow, Idaho, on Nov. 13, and the killings remain a mystery. On Wednesday, the Moscow Police Department said this was a “miscommunication.”“Detectives do not currently know if the residence or any occupants were specifically targeted but continue to investigate,” police said. Flowers are left at a makeshift memorial honoring four slain University of Idaho students in Moscow, Idaho. Such unclear answers may have given whoever fatally stabbed the students more time to flee, law enforcement experts say.

☆ Jeffrey Epstein Estate Settles Suit Brought by U.S. Virgin Islands Attorney General
▼ + stars: | 2022-12-01 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Jeffrey Epstein’s former home on the island of Little St. James in the U.S. Virgin Islands. The estate of Jeffrey Epstein on Wednesday settled a lawsuit brought by the U.S. Virgin Islands that accused the disgraced financier of trafficking and sexually abusing girls and young women on his private island in the Caribbean. U.S. Virgin Islands Attorney General Denise George said in a statement that, under the settlement’s terms, the estate agreed to pay the Virgin Islands government $105 million, as well as one half of the proceeds from the sale of Little St. James, one of Epstein’s private islands. The estate also agreed to pay $450,000 to remediate environmental damage around Great St. James, another Epstein-owned island, Ms. George said.

☆ Jeffrey Epstein Estate Settles Suit Brought By U.S. Virgin Islands Attorney General
▼ + stars: | 2022-12-01 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

☆ Here are 10 reasons why the US won't be hit with a recession in 2023, according to Goldman Sachs
▼ + stars: | 2022-12-01 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

A recession in the US is unlikely in 2023, according to Goldman Sachs. Analyst consensus says there's a 63% chance of a recession, but Goldman Sachs says it's far lower. Goldman Sachs isn't bullish on stocks in 2023, but compared to some of its Wall Street peers, its outlook for the US economy is rosy. "Our baseline is that the US economy narrowly escapes a recession in 2023," Struyven said. Goldman SachsLastly, inventory gluts that are crushing profit margins of retailers like Target (TGT) won't spread beyond the consumer discretionary sector, according to Goldman Sachs.

☆ Goldman Sachs: Wait for these 4 signs that the market has hit its bottom before you buy stocks — and keep your money in these 4 other places in the meantime
▼ + stars: | 2022-11-29 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Goldman Sachs expects stocks to be flat in 2023 as growth weakens and interest rates stay high. Stocks have been crushed this year, and Goldman Sachs doesn't see a rebound on the horizon. In fact, the firm is calling for flat returns in the next year as earnings growth weakens. Additionally, rising real yields mean that bonds are now a legitimate alternative to stocks, which has catalyzed a "major valuation reset" for stocks, Mueller-Glissmann wrote. Even if interest rates peak, Goldman Sachs economists don't expect the Federal Reserve to stimulate the economy by cutting interest rates until 2024.

☆ Justice Department Prosecutors Swamped With Data as Cases Leave Long Digital Trails
▼ + stars: | 2022-11-28 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

U.S. Attorney for the Southern District of New York Damian Williams views the data issue as a crisis. When the U.S. attorney’s office in Manhattan brought securities-fraud charges against executives of cable operator Adelphia Communications Corp. in 2002, its case involved one million pages of evidence. In the office’s recent case against Trevor Milton , the former electric-truck executive who was convicted of fraud charges, prosecutors handed over four times that number to the defense. The numbers are even higher in a pending securities-fraud case stemming from the collapse of Archegos Capital Management LP, where prosecutors already have provided more than seven million pages of evidence to defense attorneys—after asking a court for a six-to-eight week window to produce the material.

Mixed messaging and unclear answers from police would have given whoever fatally stabbed four students in the Idaho college town of Moscow more time to flee, law enforcement experts say. It was two days after the slayings when the department said in a news release that it was "working closely" with the Idaho State Police and other state and federal agencies. The last homicide involving the University of Idaho was in 2011, when a professor fatally shot a graduate student he had been dating before taking his own life. "They have access to the Idaho State Police, which runs a branch of the crime lab in Coeur d'Alene, not far from Moscow," he said. "We know you want answers," Idaho State Police Director Kedrick Wills said at Sunday's news conference.

☆ Trump faced a jury pool 'notorious' for huge damages before settling a lawsuit brought by protesters, experts say
▼ + stars: | 2022-11-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Donald Trump's lawyers settled a lawsuit brought by protesters at the 11th hour. He faced a likely hostile jury pool notorious for awarding high damages compared to juries in Manhattan or Long Island. Other still images appear to show a protester grabbing a security team member, suggesting Trump's lawyers may have argued he was acting in self-defense. Former President Donald Trump speaks during a campaign rally at Minden-Tahoe Airport on October 08, 2022 in Minden, Nevada. Cohen also said Trump's lawyers failed to disclose he had knowledge of the day's events, even though they were supposed to.

Police in Idaho dismissed rumors and ruled out multiple people who had contact with victims the night of a quadruple homicide, leaving witnesses and video as a main hope. On Sunday, chief of Moscow police James Fry asked the public for help solving the vicious stabbing deaths of four people just outside the University of Idaho campus Nov. 13. Police don't believe a person who was dialed seven times from the cellphone of Goncalves after she arrived home is involved in the attack, Fry said. The two roommates who were at home during the attack most likely slept through it, police indicated Saturday. "The identity of the 911 caller and the contents of the call have not been released," Fry said Sunday.

☆ Threat Against Jewish Community Thwarted, New York Officials Say
▼ + stars: | 2022-11-20 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Two men were arrested and weapons recovered in New York City’s Penn Station on Saturday in connection with alleged threats on social media against the city’s Jewish community. Two men carrying a hunting knife and an illegal gun were arrested in Manhattan early Saturday in connection with making an alleged threat against the Jewish community, New York Police Department officials said. Christopher Brown , 21 years old, and Matthew Mahrer , 22, were arrested in Pennsylvania Station after being spotted by two Metropolitan Transportation Authority police officers, NYPD officials said. The officers recovered a Glock 17 firearm and a 30-round magazine, the officials said.

☆ Avoid stocks and make these 7 investments instead to improve your odds of enjoying a positive return in what may be a brutal 2023, according to PIMCO
▼ + stars: | 2022-11-20 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here's how the firm says to invest in 2023 as interest rates peak and markets struggle. After one of the worst years ever for the classic 60-40 stock-bond portfolio, portfolio managers at Pacific Investment Management Company (PIMCO) have gone back to the drawing board. Higher interest rates will bring down corporate profits — not just inflation, Browne warned. "With interest rates higher amid a challenging macro environment, we see a compelling case for bond allocations and are cautious about higher-risk investments," Browne wrote. Countries that started hiking interest rates early, including those in emerging markets, will offer the best opportunities early in the downturn.

MOSCOW, Idaho — Four college students who were fatally stabbed last weekend were likely killed in their sleep and some had defensive wounds, authorities said Friday. Each of the victims was stabbed multiple times, the Moscow Police Department said in a statement, citing autopsies completed by Thursday by the Latah County coroner. There was no sign of sexual assault in the Sunday killings of University of Idaho students Ethan Chapin, 20; Madison Mogen, 21; Xana Kernodle, 20; and Kaylee Goncalves, 21, the department said. Authorities did not receive a 911 call until 11:58 a.m., when someone reported an “unconscious person” at the home, authorities said. I mean, Just nothing.’”More than two-dozen local patrol officers and detectives are investigating the case with the help of 22 FBI investigators and 35 officers from the Idaho State Police, the Moscow Police Department release said.

☆ A veteran chartmaster expects the bear market to continue into 2023 after the latest rally fizzles — but these 4 types of stocks appear to be set up for strong gains next year
▼ + stars: | 2022-11-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

David Keller, StockCharts.comThe S&P 500 has pulled back from the critical technical resistance level of 4,000, Keller noted. A round number like that is not only seen as a significant milestone for psychological reasons, but it's also a key Fibonacci retracement level, Keller said. The S&P 500 will likely retest the 3,200 level at some point and will be hovering around current levels by the middle of next year, the veteran chartmaster said. It's currently at 24, down from 33.6 when the S&P 500 was at its mid-October lows. The S&P 500 can hit new highs and break the 5,000 mark by late 2023, Keller said, though he doubts a breakthrough will come any earlier than that.

☆ Wife of Sen. Bob Menendez Draws Scrutiny in Federal Probe
▼ + stars: | 2022-11-18 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Bob Menendez has been a U.S. senator since 2006 and is chair of the Senate Foreign Relations Committee. Federal prosecutors investigating U.S. Sen. Bob Menendez are examining whether his wife received gifts or services from individuals who sought favors from the New Jersey politician, according to people familiar with the matter. The U.S. attorney’s office for the Southern District of New York has subpoenaed associates of Mr. Menendez’s wife, Nadine Arslanian , whom he married in 2020, the people said. Subpoenas issued in recent months have asked for information about both Ms. Arslanian and Mr. Menendez, according to the people.

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