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☆ Hamas hostages: what we know so far
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +6 min

Israel has responded by pounding Gaza with air strikes, killing thousands, and has said it will act to free the hostages while wiping out Hamas. Hamas has suggested the hostages could be swapped for approximately 6,000 Palestinians held in Israeli prisons. Israel has said that there will be no end to the blockade of the enclave without freedom for Israeli hostages. Israel says the hostages were taken to Gaza but their exact whereabouts within the enclave are unknown, making their rescue more complicated. U.S. President Joe Biden said his administration is "workin’ like hell" to find American hostages held by Hamas.

Persons: Rachel Goldberg, Hersh Goldberg Polin, Ammar Awad, Israel, Kan, Mia Schem, Jake Sullivan, Jim Risch, Alberto Fernandez, Rishi Sunak's, Sunak, Ofir Engel, Kibbutz Be'eri, Garcovich, Ivan Illaramendi, Benjamin Netanyahu, Gal Hirsch, Hakan Fidan, Joe Biden, Britain's Sunak, Argentina's Fernandez, Emmanuel Macron, Olaf Scholz, Biden, Charlie Devereux, Crispian Balmer, Kylie MacLellan, Patricia Rua, John Irish, James Mackenzie, Patricia Zengerle, Grant McCool Organizations: REUTERS, Monday, Reuters, U.S, French, Tel Aviv . U.S, Thomson Locations: Gaza, Israel, Jerusalem, Rafah, Egypt, Thailand, Argentine, France, Portugal, Portuguese, Chilean, Spanish, Italy, Turkey, Germany, U.S, Franco, Berlin, Tel Aviv

☆ A star voice actress was fired from a show after posting online about the Israel-Hamas war
▼ + stars: | 2023-10-19 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Voice actress Tara Strong was fired from "Boxtown" over posts on the Israel-Palestine conflict. Several law students have also had job offers pulled due to statements on the Israel-Hamas war. AdvertisementAdvertisementSuccessful voice actress Tara Strong was fired from the upcoming animated indie TV show "Boxtown" due to posts she shared about the Israel-Hamas war, the show said in a statement. The show confirmed in a statement posted Monday that she was fired over posts she made about the war. Strong's firing comes as others are also losing job opportunities over statements on the Israel-Hamas war.

Persons: Tara Strong, —, Strong, I'm, Charlie Gavin, Israel Organizations: Service, Twitter, Palestinian, ISIS, HAMAS, Columbia University, Harvard University, A New York University Locations: Israel, Palestine, A

☆ Big banks are quietly cutting thousands of employees, and more layoffs are coming
▼ + stars: | 2023-10-19 | by ( Hugh Son | ) www.cnbc.com time to read: +6 min

Michael Nagle | Bloomberg | Getty ImagesThe largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. The moves come after a two-year hiring boom during the pandemic, fueled by a surge in Wall Street activity. "Banks are cutting costs where they can because things are really uncertain next year," Chris Marinac, research director at Janney Montgomery Scott, said in a phone interview. In the coming weeks, the bank will terminate around 1% or 2% of its employees, according to a person with knowledge of the plans. The bank has cut about 2% of its workforce this year amid a protracted slowdown in investment banking activity.

Persons: Michael Nagle, JPMorgan Chase, Chris Marinac, Janney Montgomery Scott, you'll, Goldman Sachs, Charlie Scharf's, Mike Santomassimo, Goldman, Headcount, GreenSky, we've, Morgan Stanley, James Gorman, Mark Mason, Jane Fraser's, Mason, Jamie Dimon Organizations: New York Stock Exchange, Bloomberg, Getty, JPMorgan, Federal Reserve, headcount, Bank of America, Citigroup, First, Big Locations: New York, Wells, Wells Fargo, York, First Republic

☆ Fed-up employees might threaten to quit if changes aren't made to their job, but 'thruitting' often does more harm than good
▼ + stars: | 2023-10-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

siraanamwong/Getty ImagesYou're fed up with your job and are finally going to let your manager know it: "Fix this, or I'm leaving." In a bid to keep up with the never-ending stream of workplace trends, let's call this one "thruitting." AdvertisementAdvertisementFor your bookmarksFree tax filing programUS Treasury Secretary Janet Yellen has said tax filing should be simple. SAUL LOEB/AFP via Getty ImagesSee if you're eligible for the IRS' new, free tax filing pilot in 13 states. It's part of the department's attempt to make tax filing simpler and more cost-effective.

Persons: Marc Andreessen, Chris Williams, Williams, simplehappyart, Today's, Siu, It's, SCOTT MORGAN, Charlie Munger, Warren Buffett's, Everyone's, Jeffrey Gundlach, Jensen Huang, Young Liu, Chiang Ying, Marc Andreessen's, Elon Musk, Musk, Arantza Pena Popo, Dolly, Janet Yellen, SAUL LOEB, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Microsoft, Treasury, Barclays, Baron Partners Fund, Nvidia, University of Pennsylvania, America, Blackstone, Getty, IRS Locations: Israel, Cincinnati , Ohio, New York City, San Diego, London, New York

Washington on Tuesday said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others. It also restricted a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklisted Chinese chip designers Moore Threads and Biren. China's CSI Semiconductor Index (.CSI931865) dropped 1.4% on Wednesday following the announcement, while the STAR Chip Index (.STARCHIP) lost 1.2%. AI stocks were further hit after the U.S. announced further controls on Nvidia chip exports to China, UBS wrote in a note to clients. Moore Threads said it was communicating with all parties involved and evaluating the impact.

Persons: Janet Yellen, Mark Schiefelbein, Biden, Moore, Yang Wang, Charlie Chai, Xi Jinping, Biren, Shen Yiming, Bernadette Baum, Kirsten Donovan Organizations: Treasury, Rights, Washington, Nvidia, CSI Semiconductor, U.S, UBS, Biren, Thomson Locations: United States, Diaoyutai, Beijing, China, Rights SHANGHAI, BEIJING, U.S, Iran, Russia

☆ Baidu says its AI is in the same league as GPT-4
▼ + stars: | 2023-10-17 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Chinese tech giant Baidu is officially taking on GPT-4. The new ERNIE Bot “is not inferior in any aspect to GPT-4,” Baidu’s billionaire CEO, Robin Li, told an audience at its annual flagship event. Baidu CEO Robin Li announcing an upgrade of ERNIE Bot, its generative AI chatbot. Baidu (BIDU) has been a frontrunner in China in the race to capitalize on the excitement around generative AI, the technology that underpins systems such as ChatGPT or its successor, GPT-4. The Chinese company also announced Tuesday it had updated its suite of services to integrate the latest upgrades from ERNIE.

Persons: ERNIE, ERNIE Bot “, ”, Robin Li, Li, ERNIE Bot, “, Charlie Dai, Forrester, Baidu, I’m, Goldman Sachs, Dai, JD Cloud Organizations: Hong Kong CNN, Baidu, CNN, Huawei, JD Locations: China, Hong Kong, Beijing, United States

Within hours of Judge Chutkan’s announcement at a hearing on Monday in Federal District Court in Washington that she would be imposing the order, Mr. Trump had already attacked it as an assault on his First Amendment rights. He then misrepresented the contents of Judge Chutkan’s ruling. “You know what a gag order is?” Mr. Trump, the current front-runner for the 2024 Republican nomination, asked the crowd. “You can’t speak badly about your opponent.”In fact, Judge Chutkan’s order leaves Mr. Trump free to criticize President Biden, along with his administration and the Justice Department. Judge Chutkan’s order leaves Mr. Trump free to attack her, too.

Persons: Chutkan’s, Trump, ”, Biden, Mike Pence Organizations: Court, Republican, Justice Department Locations: Washington, Iowa

☆ For GOP debate, NBC partners with right-wing outlets with history of peddling extremist rhetoric
▼ + stars: | 2023-10-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —NBC News is uniting with a pair of strange bedfellows for the third Republican Party primary debate. It’s no surprise that the GOP, which veered sharply to the right during Donald Trump’s presidency, would select Salem and Rumble as partners. Before Trump upended America’s politics, Salem was a run-of-the-mill conservative media organization. When I asked NBC News on Monday if the network was actually comfortable collaborating on the third GOP debate with Salem and Rumble, given each company’s history, a spokesperson declined comment. Most conservative media outlets are not what they were pre-2016.

Persons: It’s, Donald Trump’s, Trump, Salem, “, Hugh Hewitt, ”, Charlie Kirk, Dinesh D’Souza, Sebastian Gorka, Jenna Ellis —, Kirk, Joe Biden, baselessly, Benjamin Netanyahu, Andrew Tate, Nick Fuentes, Hewitt Organizations: CNN, NBC, Republican Party, Republican National, Monday, Miami, Salem Radio Network, GOP, ” CNN, MAGA Media, NBC News Locations: Salem, Romania

☆ Militant Islamist attacks in Belgium
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +3 min

[1/2] Belgian police officers stand as they secure the area after a shooting in Brussels, Belgium, October 16, 2023. REUTERS/Johanna Geron Acquire Licensing RightsOct 16 (Reuters) - A self-proclaimed Islamist militant shot dead two Swedish citizens in central Brussels on Monday night, the federal prosecutor said. Here is a timeline of past Islamist militant attacks in Belgium:* Nov. 10, 2022 - A Belgian police officer is stabbed to death. * March 22, 2016 - Brussels becomes the target of Islamist attacks when 32 people are killed in suicide bomb explosions at the airport and in the city's metro. * Jan. 15, 2015 - A week after militant Islamist attacks in Paris on the Charlie Hebdo magazine and a Jewish grocery, Belgian police kill two men who opened fire on them during one of about a dozen raids against an Islamist group that federal prosecutors said was about to launch “terrorist attacks on a grand scale”.

Persons: Johanna Geron, Emmanuel Macron, Salah Abdesalam, El, Charlie Hebdo, Mehdi Nemmouche, Richard Lough, Matthew Lewis Organizations: Belgian, REUTERS, Islamic State, Islamic, Jewish Museum, Thomson Locations: Brussels, Belgium, Israel, France, Europe, Belgian, city's, Paris, Syria, French, Marseille

☆ NHL roundup: Auston Matthews’ 2nd straight hat trick lifts Leafs
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +9 min

/ Dan Hamilton-USA TODAY Sports Acquire Licensing RightsOctober 15 - Auston Matthews scored three goals for the second straight game and the Toronto Maple Leafs defeated the visiting Minnesota Wild 7-4 on Saturday night. William Nylander added two goals and an assist for the Maple Leafs, who have won their first two games of the season. Senators 5, Flyers 2Jakob Chychrun had two goals and one assist, Brady Tkachuk scored twice and host Ottawa defeated Philadelphia. Jenner got his second career hat trick by scoring three times in a span bridging the first and second periods. 1 overall pick by Chicago in the 2023 NHL Draft, assisted on Johnson's second goal, giving him a goal and two assists in his first three NHL games.

Persons: Auston Matthews, Tyler Bertuzzi, Dan Hamilton, William Nylander, Calle Jarnkrok, Mitchell Marner, Morgan Rielly, John Tavares, Ryan Hartman, Matt Boldy, Marco Rossi, Brandon Duhaime, Ilya Samsonov, Filip Gustavsson, Jakob Chychrun, Brady Tkachuk, Jake Sanderson, Vladimir Tarasenko, Claude Giroux, Anton Forsberg, Travis Konecny, Cam York, Carter Hart ., Chandler Stephenson, Hill, Greg Cronin's, Jack Eichel, Shea Theodore, Jonas Rondbjerg, Mason McTavish, John Gibson, Cronin, Dallas Eakins, Gibson, Kyle Connor, Mark Scheifele, Mason Appleton, Jets netminder Connor Hellebuyck, Winnipeg's, Evan Rodrigues, Sam Reinhart, Sergei Bobrovsky, James van Riemsdyk's, Nashville . van Riemsdyk, Charlie McAvoy's, David Pastrnak, Brad Marchand, Boone Jenner, Jenner, Erik Gustafsson, Will Cuylle, Chris Kreider, Filip Chytil, Mika Zibanejad, Alex DeBrincat, Compher, Moritz Seider, DeBrincat, Dylan Larkin, Steven Stamkos, Victor Hedman, Sean Monahan, Cole Caufield, Tanner Pearson, Sam Montembeault, Tyler Johnson, Petr Mrazek, Connor Bedard, Bryan Rust, Jake Guentzel, Evgeni Malkin, Reilly Smith, Kris Letang, Matt Coronato, Jonathan Huberdeau, Jacob Markstrom, Nils Hoglander, Sam Lafferty, Casey DeSmith, Andrei Kuzmenko, Jack Studnicka, Elias Pettersson, backstop, Ryan Nugent, Hopkins, Leon Draisaitl, Connor McDavid, Stuart Skinner, Jordan Binnington, Louis, Jordan Kyrou, Robert Thomas, Binnington, Vince Dunn's, Adam Larsson, Jaden Schwartz, Joey Daccord, Casey Cizikas, Brock Nelson, Kyle Palmieri, Ilya Sorokin, Jordan Greenway, Casey Mittelstadt, Devon Levi, Jordan Martinook, Brent Burns, Aho, Jesperi Kotkaniemi, Brendan Lemieux, Teuvo Teravainen, Anze Kopitar, Drew Doughty, Moore, Vladislav Gavrikov, Kevin Fiala, Cale Makar, Mikko Rantanen, Alexandar Georgiev, Mackenzie Blackwood, Thomas Bordeleau Organizations: CAN, Toronto Maple Leafs, Minnesota Wild, Scotiabank Arena, Maple Leafs, Toronto, Minnesota, Senators, Flyers, Ottawa, Philadelphia, Carter Hart . Golden Knights, Ducks, Greg Cronin's NHL, Anaheim, Vegas, Golden Knights, Jets, Panthers, Winnipeg, Florida, Bruins, Boston, Nashville ., Blue Jackets, Rangers, Columbus, Boston Bruins, Wings, Detroit, Tampa, Red Wings, Lightning, Canadiens, Blackhawks, Montreal, Chicago, NHL, Penguins, Flames, Pittsburgh, Calgary, Canucks, Oilers, Seattle, Blues, Islanders, Sabres, New, Hurricanes, Carolina, Los Angeles Kings, Kings, Los, Avalanche, Sharks, Colorado, San Jose, San, Thomson Locations: Toronto , Ontario, Las Vegas, Florida, New York, York, Tampa Bay, Calgary, Vancouver, Elmont, squandering, Los Angeles, San, San Jose

☆ Charlie Javice, who faces charges after JP Morgan said she defrauded them out of $175 million, says US prosecutors are using 'cherry-picked' evidence to help their case
▼ + stars: | 2023-10-15 | by ( Katie Hawkinson | Jack Newsham | ) www.businessinsider.com time to read: +3 min

Charlie Javice says JP Morgan is withholding thousands of documents that could help her case. Javice is facing federal charges after JP Morgan claimed she defrauded them out of $175 million. Now, the 31-year-old claims JP Morgan has failed to produce "likely thousands" of documents that could help her defense. In April, the federal prosecutors charged Javice with making false claims and submitting false data to JP Morgan after the bank acquired Frank for $175 million. AdvertisementAdvertisementProsecutors said Javice lied to JP Morgan about the number of people relying on her company.

Persons: Charlie Javice, Morgan, Javice, JP Morgan, —, Frank, Slack, Damian Williams, Prosecutors, Mark Kantrowitz, Kantrowitz Organizations: Service, Department of Justice, JP, Federal Student Aid, Justice

☆ Michael Caine retirement: actor confirms 'The Great Escaper' will be his last film
▼ + stars: | 2023-10-14 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —Michael Caine, the British film star whose career has spanned eight decades and featured movies from “The Italian Job” to “The Dark Knight,” has confirmed his retirement from acting. The two-time Oscar winner, who is 90, made the announcement on BBC Radio 4’s “Best of Today” podcast on Saturday. What am I going to do to beat this?”"The Great Escaper," which was released in October, is the last film Caine will star in. “We had a great time on the movie and I thought, you know, why not leave now?” Caine added. Paramount/Getty ImagesOriginally called Maurice Joseph Micklewhite, Jr., he adopted the screen name Caine – taken from the 1954 film “The Caine Mutiny” – and later made it legal.

Persons: CNN — Michael Caine, ”, “, Caine, “ I’ve, it’s, I’ve, Pathé Caine, Glenda Jackson, Bernard Jordan, ” Caine, Oliver Parker, “ Michael, Charlie Croker, Maurice Joseph Micklewhite, Caine –, ” –, Harry Palmer, Alfie, Woody Allen, Hannah, Sean Connery, John Huston’s, Graham Greene, Alfred Pennyworth Organizations: CNN, BBC, Paramount, British Empire Locations: British, France, Vietnam, “

☆ Warren Buffett's deputy spoke about his 'tiger mom,' taking risks, and having a short seller's eye. Here are Todd Combs' 8 best quotes from a new interview.
▼ + stars: | 2023-10-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Combs helps Warren Buffett manage Berkshire Hathaway's vast portfolio of stocks and other investments, and serves as CEO of Berkshire-owned Geico. He compared digging into a company to detective work, and underlined the value of having a short seller's eye when analyzing businesses. (Exploring different fields and taking risks is a great way to make your mistakes early and find your passion, Combs said.) If your dream is to make it to manager and you're perfectly fine there, that's pretty much where you're going to stop. (Berkshire doesn't short but Combs finds his short-selling skills help him identify companies' weaknesses.)

Persons: Todd Combs, Combs, Warren, —, Warren Buffett, didn't, You've, you've, Steve, Charlie, Tom Brady, Steph Curry Organizations: Berkshire Hathaway, Service Locations: Berkshire, Warren

☆ Major US banks show profit boost, but some caution from consumers
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +5 min

Consumers were starting to deplete savings, the banks said, and Citibank and Wells Fargo noted that losses on credit cards and other debts were starting to rise. Wells Fargo said it was seeing charge-offs, or loans written off, increasing in its credit card portfolio. "Currently, U.S. consumers and businesses generally remain healthy, although consumers are spending down their excess cash buffers," said JPMorgan CEO Jamie Dimon. JPMorgan, Citigroup and Wells Fargo, the first, third and fourth biggest U.S. lenders, respectively, also increased their outlook for NII. Shares of JPMorgan and Wells Fargo rose between 1% and 3%.

Persons: Shannon Stapleton, Wells Fargo, Jane Fraser, Wells, Charlie Scharf, Scharf, JPMorgan Chase, Jamie Dimon, Eric Kuby, Dimon, PNC's NII, Rick Meckler, Saeed Azhar, Nupur Anand, Lewis Krauskopf, Tatiana Bautzer, Sinead Carew, Niket, Manya Saini, Noor Zainab Hussain, Jaiveer Shekhawat, Pritam Biswas, Ann Saphir, Megan Davies, Lananh Nguyen, Michelle Price, Nick Zieminski Organizations: JPMorgan Chase's, REUTERS, JPMorgan, Federal, Consumers, Citibank, Valley Bank, Citigroup, U.S, PNC Financial Services, delinquencies, Bank, Citi, North Star Investment Management Corp, JPMorgan Chase, PNC, Cherry Lane Investments, Thomson Locations: New York, Major U.S, Wells Fargo, U.S, Chicago, Wells, Bengaluru, San Francisco

☆ Watch CNBC's full interview with Manulife Investment's Frances Donald and Ariel Investments' Charlie Bobrinskoy
▼ + stars: | 2023-10-13 | 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 Manulife Investment's Frances Donald and Ariel Investments' Charlie BobrinskoyCharles Bobrinskoy, vice chairman and head of the investment group at Ariel Investments, and Frances Donald, Manulife Investment Management global chief economist, join 'The Exchange' to discuss consumer depletion of excess savings, geopolitical risks dampening the likelihood of further Fed rate hikes, and more.

Persons: Manulife Investment's Frances Donald, Ariel Investments, Charlie Bobrinskoy Charles Bobrinskoy, Frances Donald Organizations: Ariel Investments, Manulife Investment Management

☆ Wells Fargo shares rise after third-quarter results top Wall Street expectations
▼ + stars: | 2023-10-13 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023. Wells Fargo on Friday surpassed Wall Street expectations in third-quarter earnings and revenue as the benefit from higher interest rates offset slowing lending activity. Wells Fargo posted an earnings per share of $1.48 in the quarter, or $1.39 excluding discrete tax benefits. Net income rose to $5.77 billion in the three months ended Sept. 30 from $3.59 billion a year earlier, driven by an 8% increase in net interest income. Wells Fargo said provision for credit losses in the quarter included a $333 million increase in the allowance for credit losses for commercial real estate office loans and higher credit card loan balances.

Persons: Wells Fargo, Wells, Charlie Scharf, " Scharf Organizations: Wells, Revenue Locations: San Bruno , California, Wells Fargo, LSEG

Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon Acquire Licensing RightsOct 13 (Reuters) - Wells Fargo on Friday beat analysts' estimates for third-quarter profit as it benefited from customers paying more interest and raised its annual forecast for future income from interest payments. The swiftest tightening of U.S. monetary policy in 40 years aimed at reining in sticky inflation has buoyed banks' interest income. Rival banking giant JPMorgan Chase (JPM.N) on Friday posted a rise in third-quarter profit as higher interest rates boosted its income from loans. Wells Fargo earned $1.48 per share in the third quarter, beating analysts' expectations of $1.24, according to LSEG data.

Persons: Wells, NII, JPMorgan Chase, Wells Fargo, Charlie Scharf, Banks, Noor Zainab Hussain, Manya, Saeed Azhar, Lananh Nguyen, Sriraj Organizations: REUTERS, Friday, JPMorgan, Wells, Manya Saini, Thomson Locations: Wells Fargo Bank, New York City, U.S, Wells Fargo, Wells, Bengaluru, New York

☆ Why Jim Cramer thinks the stock market is now 'bifurcated'
▼ + stars: | 2023-10-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Jim Cramer said that the market is now bifurcated, with bank stocks going higher on the back of strong earnings and Big Tech coming under pressure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Exxon Mobil's, Wells, Charlie Scharf's, Sartorius, preannounced, TD Cowen, Jim Cramer's Organizations: CNBC, Nasdaq, Big Tech, Treasury, West Texas, Natural Resources, Exxon, Club, WFC Locations: Wells Fargo

☆ Spain's Acting PM Sanchez Meets Catalan, Basque Separatists in Bid for New Term
▼ + stars: | 2023-10-13 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

MADRID (Reuters) - Spain's Pedro Sanchez met with Catalan pro-independence party Junts and became the first Spanish prime minister to hold official talks with Basque separatist party EH Bildu on Friday, as the caretaker leader seeks to form a new government. Sanchez's Socialists need support from Catalan and Basque separatist groups to win an investiture vote before Nov. 27 or face a fresh election next year after an inconclusive vote in July. "We're still far from a historic compromise," Junts parliamentary spokesperson Miriam Nogueras said about a potential agreement, after meeting Sanchez. Bildu helped Sanchez form a government in 2020 by abstaining in the investiture vote and has already pledged unconditional support as he seeks a new four-year term in office. "Today's photo of Pedro Sanchez with Bildu ... is undoubtedly a picture of humiliation," said Cuca Gamarra, parliamentary spokesperson for the opposition People's Party.

Persons: Spain's Pedro Sanchez, Junts, EH, Miriam Nogueras, Sanchez, Nogueras, Esquerra, Mertxe Aizpurua, Gorka Elejabarrieta, Bildu, Pedro Sanchez, Cuca Gamarra, Joan Faus, Belen Carreño, Charlie Devereux, Andrei Khalip, Alexander Smith Organizations: Catalan, Basque, Sanchez's Socialists, ETA, Bildu, People's Party Locations: MADRID, Spanish, Catalan, Basque, Catalonia, Spain

☆ Attacks in France in recent years
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +4 min

Here are some other attacks that have taken place in France in recent years:- June 9, 2023 - A Syrian national wounded four children and two pensioners in a knife attack in the Alpine town of Annecy. - Oct. 29, 2020 - An attacker with a knife killed three people and wounded several others at a church in the southern city of Nice. - March 23, 2018 - A gunman killed three people in southwestern France after holding up a car, firing on police and taking hostages in a supermarket. - July 26, 2016 - Two attackers killed a priest and seriously wounded another hostage in a church in northern France before being shot dead by police. - Nov. 13, 2015 - Paris was rocked by multiple gun and bomb attacks on entertainment sites around the city, in which 130 people were killed and 368 wounded.

Persons: Lycee Gambetta, Carnot, Pascal Rossignol, Emmanuel Macron, Samuel Paty, Prophet Mohammad, Charlie Hebdo, Mickael Harpon, Francois Hollande, Frenchman, Charlie Hebdo’s, Michel Rose, Frances Kerry Organizations: Lycee, REUTERS, Rights, Syrian, Police, Paris police, Security, Islamic, Islamic State, Belgian, Thomson Locations: Arras, France, Alpine, Annecy, Reims, Nord, Paris, Kurdish, Nice, Pakistan, Islamic State, Tunisian, State

☆ We've been posting our way through the Israel-Hamas war. But should we be?
▼ + stars: | 2023-10-13 | by ( Kelsey Vlamis | Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThe past six days on social media have been a heartbreaking and deeply disturbing experience. "Trying to explain the Israeli-Palestinian conflict in one picture is almost like a Second City sketch. Before social media, conversations like this would typically happen over coffee or at the workplace — likely still with some disagreement. But many social media users fall victim to misinformation, which has spread like wildfire even in the first week of this war. Dagnes said that just by virtue of posting something, anyone can be an expert to social media users — never mind that person's actual qualifications or life experience.

Persons: —, Alison Dagnes, It's, Dagnes, Ken Paulson, they're, Mohammed Abed, Charlie Warzel, Rachel E, Greenspan, Tweeting, Paulson Organizations: Service, Free, Center, Middle Tennessee State University, Getty, MSNBC, Instagram Locations: Israel, Gaza, al, Karama, Gaza City, AFP

☆ Wells Fargo remains a stock to own, as the bank reports stellar quarterly results
▼ + stars: | 2023-10-13 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Bottom line Wells Fargo's quarterly revenue outpaced expectations on the back of better-than-expected results for both net interest income (NII) and non-interest income. Middle-market banking revenue increased 23% year-over-year, as higher interest rates and loan balances were only partially offset by lower deposits. Asset-based lending and leasing revenue was up 3% annually, a result of loan growth and increased revenue from renewable energy investments. Total banking revenues increased 20% year-over-year, a result of higher rates and lending revenues, along with "higher investment banking revenue on increased activity across all products." Commercial real estate revenue increased 14% year-over-year, due to higher rates and revenue growth in the firm's low-income housing business.

Persons: Wells, Wells Fargo, we've, Charlie Scharf, Wall, Scharf, NII, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Wells, Basel III, Management, Consumer, Auto, CNBC, Wells Fargo Bank Locations: Wells Fargo, Basel, U.S, San Bruno , California

☆ Major US banks show profit boost, but cautious on outlook, consumer health
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

JPMorgan's (JPM.N) profit jumped 35% on the year-ago quarter, while Wells Fargo (WFC.N) profit surged 60%. The banks benefited from higher interest rates, which have bolstered banks' net interest income (NII), or the difference between what they earn on loans and pay out on deposits. JPMorgan and Wells Fargo, the first- and fourth-largest U.S. lenders, respectively, also increased their outlook for NII. Regional lender PNC Financial Services' (PNC.N), meanwhile, reported higher consumer loan delinquencies. JPM and Wells reported a decline in average deposits.

Persons: Shannon Stapleton, Wells, Jamie Dimon, Wells Fargo, Charlie Scharf, Jane Fraser, Dimon, JPMorgan's NII, Saeed Azhar, Ann Saphir, Megan Davies, Lananh Nguyen, Michelle Price, Nick Zieminski Organizations: JPMorgan Chase's, REUTERS, Citigroup, JPMorgan, Citi, PNC, PNC Financial Services, Thomson Locations: New York, Major U.S, Wells Fargo, U.S

☆ Warren Buffett's Berkshire Hathaway has likely scored a 93% gain on Nubank stock this year, making the crypto-friendly bank its best performer
▼ + stars: | 2023-10-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Berkshire Hathaway's best-performing stock this year is likely Nubank-owner Nu Holdings, up 93%. Apple stock is up this year, but other key Berkshire bets like Coca-Cola and Kraft Heinz are down. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway has notched a 93% gain on Nu Holdings since the start of January, likely making the Nubank owner the best performer in Berkshire's stock portfolio this year. Nubank shares have slid 13% from their IPO price fo $9 to trade at $7.84 as of Wednesday's close. Munger has hailed Sequoia as perhaps the "most remarkable investment firm in America" with "the best investment record of anybody."

Persons: Berkshire Hathaway's, Warren Buffett's, Kraft Heinz, —, Warren, Berkshire Hathaway, Berkshire hasn't, Buffett, Charlie Munger, Todd Combs, Ted Weschler, David Vélez, Munger, Sequoia Organizations: Berkshire, Nu Holdings, Apple, Kraft, Service, Bank of America, Sequoia Capital, Sequoia Locations: Berkshire, America, Sequoia

☆ Interest rates take center stage with banks set to report quarterly results
▼ + stars: | 2023-10-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Like other big banks, Wells Fargo and Morgan Stanley have been caught in the throes of the central bank's interest-rate-hiking campaign over the past 18 months. Wells Fargo and Morgan Stanley are down on the year amid the difficult backdrop, falling 4.3% and 8.6%, respectively. Wells Fargo is set to report third-quarter results before the opening bell on Friday, while Morgan Stanley is slated to post results next Wednesday. Out of the major U.S. banks, Wells Fargo has the largest exposure to the ailing commercial real estate market, an industry troubled by higher rates and near-record office vacancy levels. Morgan Stanley MS YTD mountain Morgan Stanley (MS) year-to-date performance For the three months ended Sept. 30, analysts expect Morgan Stanley to report revenue of $13.2 billion, up from $12.9 billion during the same period last year, according to Refinitiv.

Persons: Morgan Stanley, Jim Cramer, Wells Fargo, Wells, Charlie Scharf, Mike Santomassimo, Scharf, Jim, Morgan, –, James Gorman, we'll, Jim Cramer's, JPMorgan, Goldman Sachs Organizations: Wells, Silicon Valley Bank, Barclays, CNBC, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: Wells Fargo, Silicon, Wells, U.S

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