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GOTHENBURG, Sweden, Sept 21 (Reuters) - Spain's women soccer players said on Thursday the fight they have waged with the country's football federation (RFEF) followed decades of "systematic discrimination" and they hoped that it would inspire others to stand up for their rights. Following negotiations that went on into the early hours of Wednesday, a majority of players agreed to end their boycott. "We had been demanding that they listen to us for quite some time because we already knew that there had been systematic discrimination with the women's (team) for many decades," Putellas said at a press conference ahead of a Nation's League match against Sweden on Friday. Jorge Vilda, the coach who guided Spain to glory in the Women's World Cup, was dismissed earlier this month. Putellas said the players had not asked for Tome to be sacked.
Persons: Ballon, Alexia Putellas, Jenni Hermoso, Luis Rubiales, Putellas, Andreu Camps, Rubiales, Hermoso, Jorge Vilda, Irene Paredes, Paredes, Montse Tome, Tome, Charlie Devereux, David Latona, Toby Davis, Pritha Organizations: League, Sweden, Reuters, FIFA, UEFA, Switzerland, Thomson Locations: GOTHENBURG, Sweden, Spain, Madrid
When David C. Weiss, the U.S. attorney in Delaware, asked for special counsel status, the Justice Department says Mr. Garland approved his request quickly. A widely respected federal judge before becoming attorney general, Mr. Garland has become a favorite target of House Republicans after the Justice Department launched investigations that resulted in felony charges against former President Donald J. Trump. At the heart of the issue are assurances Mr. Weiss and Mr. Garland have given to lawmakers that Mr. Weiss had ultimate authority over the Hunter Biden case and when and where to bring charges. But they have vouched generally for the statements about Mr. Weiss’ limited authority, describing a more nuanced scenario in which Mr. Weiss had sought to partner with prosecutors in Washington, D.C., and California, only to be rebuffed, causing him to try a different approach. When Mr. Weiss eventually asked for special counsel status, the Justice Department says Mr. Garland approved his request quickly.
Persons: David C, Weiss, Garland, General Merrick B, Donald J, Biden’s, Hunter, Justice Department hadn’t, Kevin McCarthy, David Weiss, Merrick Garland’s weaponization, Biden, Hunter Biden, Gary Shapley, , Kenny Holston, Shapley’s, Shapley, Weiss ’ Organizations: Justice Department, Republicans, Trump, Twitter, “ U.S, Committee, DOJ, Veteran, New York Times, Washington , D.C, Departmental Locations: U.S, Delaware, Washington ,, California
Elon Musk has proposed a paywall for X, but some experts are skeptical. Experts expressed doubts over Musk's motive and his ability to get users to pay up. Much of that strategy has been aimed at getting users to pay through a subscription service, Twitter Blue. "Getting everyone to pay even a small fee for X will be extremely difficult," Matt Navarra, a social-media expert, told Insider. "I think it's a risky strategy that may only speed up the deterioration of a platform in chaos."
Persons: Elon Musk, Musk, he's, Charlie Beckett, Matt Navarra Organizations: Service, Twitter, London School of Economics Locations: Wall, Silicon, Navarra
Microsoft Chief Product Officer Panos Panay is leaving for Amazon after the company made budget and staff cuts, canceled products in his division, and amid discussions about a reorganization in his unit, insiders say. Microsoft, Panay, and Amazon did not comment. During nearly 20 years at Microsoft, Panay was notably in charge of the team that developed the Surface hardware business. Windows licensing and the unit's hardware underperformed relative to the company's financial projections, insiders say, and Microsoft responded by dramatically scaling back Panay's division. At Microsoft, insiders say Panay was known as a demanding leader and expected "white glove service" on everything, meaning a premium experience with extra care and attention to detail.
Persons: Panos Panay, Dave Limp, Alexa, Kristy Schmidt, Charlie Bell, Rajesh Jha, Satya Nadella, Microsoft's Organizations: Microsoft, Amazon, Bloomberg, Reuters Locations: Panay, New York
US stocks fell Wednesday as the Fed signaled that rates will be higher for longer. The central bank's so-called dot plot of rate forecasts indicated one more increase later this year. It also suggested there will be two rate cuts in 2024, down from an earlier projection of four cuts. But projections in the Fed's so-called dot plot point to one more hike in 2023. Still, the dot plot represents forecasts and not actual plans.
Persons: Charlie Ripley Organizations: Service, Federal Reserve, Treasury, Allianz Investment Management, Dow Jones Locations: Wall, Silicon
MASON CITY, Iowa — Sen. Tim Scott, R-S.C., attacked Donald Trump on Monday by criticizing the former president for not supporting a federal abortion ban and repeatedly expressing an interest in working with “both sides” to reach an agreement on the issue. “And both sides are going to come together and both sides — both sides, and this is a big statement — both sides will come together, "he added. Scott has made his support for a 15-week federal abortion ban a cornerstone of his campaign, using it to contrast himself with Trump and his other 2024 rivals. Ramaswamy has said abortion should be left to the states, while Haley has stated a 15-week ban would never pass Congress. Charlie Neibergall / APWhen asked whether he’d sign a 15-week federal abortion ban during a radio interview Monday, Florida Gov.
Persons: MASON, MASON CITY , Iowa — Sen, Tim Scott, Donald Trump, Trump, ” Scott, NBC’s “, Scott’s, Monday, Scott, “ Vivek Ramasamy, Nikki Haley, Ron DeSantis, President Trump, Ramaswamy, Haley, Sen.Tim Scott, Charlie Neibergall, DeSantis, , ” DeSantis, Organizations: MASON CITY, Democrats, Press, , South Carolina, Life, Florida Gov Locations: MASON CITY , Iowa, California, New York , Illinois, Fort Dodge , Iowa, Florida,
Orsoni has been crafting colored glass mosaics for 135 years. Today, it's the only historical furnace permitted to operate in the city of Venice.
Persons: Orsoni Locations: Venice
MADRID, Sept 19 (Reuters) - Some of the rebel players from Spain's World Cup-winning women's squad who had threatened to boycott the national team in a push to stamp out sexism at the football federation (RFEF) on Tuesday reported for training under the threat of being sanctioned. Two sources close to players said they were expecting the whole squad to report in view of the threat of sanctions. Asked as she arrived at the hotel whether she was happy to have been selected for the team, Misa Rodriguez replied: "No." Hermoso was not on the squad list announced by new coach Montse Tome on Monday, which included 15 of the 23 cup-winning players. Reporting by Fernando Kallas and Guillermo Martinez; Writing by Charlie Devereux; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Misa Rodriguez, Olga Carmona, Oihane Hernandez, Eva Navarro, Tere Abelleira, Montse Tome, Luis Rubiales, Jorge Vilda, Jenni Hermoso, Rubiales, Ballon, Alexia Putellas, Hermoso, Vilda, Tome, Victor Francos, Francos, Isabel Rodriguez, Rodriguez, Fernando Kallas, Guillermo Martinez, Charlie Devereux, Hugh Lawson Organizations: Spanish, Women's Nations League, Sweden, Sports, Monday, SER, Switzerland, Nations League, Olympic Games, Thomson Locations: MADRID, Madrid's, Valencia, Spain, Gothenburg, Cordoba, Europe
MLB roundup: O's edge Rays, both punch tickets to postseason
  + stars: | 2023-09-18 | by ( ) www.reuters.com   time to read: +10 min
With the Texas Rangers losing to the Cleveland Guardians, the Rays locked up their fifth consecutive playoff berth. The Marlins got more good news as Jorge Soler, who leads the team in homers, returned from an oblique injury. Guardians 9, Rangers 2Cleveland erupted for nine runs in the fourth inning, more than enough to beat visiting Texas. Chicago starter Jordan Wicks (3-1) was tagged for three runs and four hits in 4 1/3 innings. Ian Happ had three hits and a run for the Cubs, who have lost five games in a row.
Persons: Adley Rutschman, Reggie Hildred, Cedric Mullins, Ryan O'Hearn's, Jake Diekman, Mullins, Austin Hays, Pete Fairbanks, Jorge Mateo, Adam Frazier, Mateo, Manuel Margot, Chisholm, Jorge Soler, Luis Arraez, Matt Chapman, Rafael Devers, Erik Swanson, Daulton Varsho, Garrett Whitlock, Jose Ramirez, Andres Gimenez, Josh H, Smith, Ezequiel Duran, Jose Quintana, Francisco Alvarez, Daniel Vogelbach, Mark Vientos, Nick Senzel, Christian Encarnacion, Jason Delay, Miguel Andujar, Liover Peguero, David Bednar, Anthony Volpe, DJ LeMahieu, Carlos Rodon, Yordan Alvarez, Jake Meyers, Framber Valdez, Jordan Lyles, Joey Meneses, CJ Abrams, Lane Thomas, scampering, Meneses, Luis Garcia, Brice Turang's, Robert Garcia, Willy Adames, Rowdy Tellez, Edouard Julien, Jorge Polanco, Sonny Gray, Gray, Griffin Jax, Emilio Pagan, Andrew Benintendi, Jordan Walker, Louis, Walker's, Seranthony Dominguez, Ryan Helsley, John King, Paul Goldschmidt, Dakota Hudson, Brandon Crawford, J.D, Davis, Mitch Haniger, Thairo Estrada, Joc Pederson, Hunter Goodman, Brenton Doyle, Elias Diaz's, Taylor Rogers, Camilo Doval, Charlie Blackmon, Juan Soto, Bob Melvin's, Soto, Brent Rooker, Ray Kerr, Rooker, Jake Rogers, Miguel Diaz, Joey Wentz, Alex Lange, Randal Grichuk, Kenny Rosenberg, Jason Heyward, Austin Barnes, James Outman, Logan Gilbert, Ketel Marte, Marte, Ryne Nelson, Jordan Wicks, Ian Happ Organizations: Baltimore Orioles, Tampa Bay Rays, Camden Yards, Orioles, Rays, American League East, Texas Rangers, Cleveland Guardians, Baltimore, Marlins, Braves, Miami, Atlanta, The Marlins, National League, Blue Jays, Red Sox, Toronto, Boston, Rangers, Cleveland, Texas, The Rangers, Astros, AL West ., Mets, Reds, New York, Cincinnati, New, NL, Arizona Diamondbacks, Strand, Pirates, Yankees, Pittsburgh, Royals, Houston, AL West, Nationals, Brewers, Milwaukee, White Sox, Minnesota, Chicago, Cardinals, Phillies, Philadelphia, Giants, Rockies, The Giants, San, Colorado, Padres, Athletics, Oakland, Tigers, Detroit, Dodgers, Mariners, Seattle, The Mariners, Los Angeles, Diamondbacks, Cubs, Arizona, Miami Marlins, Thomson Locations: Baltimore , Maryland, USA, AL West . Texas, New York, Kansas, Washington, Chicago, Francisco, Colorado, Denver, San Francisco, Diego, Los Angeles, Anaheim , Calif, Angeles, Phoenix, Arizona
If it feels like the Baltimore Orioles have accomplished something historic these past couple years, there are some numbers that back that up. That was the New York Giants, way back at the beginning of the modern era. But Baltimore, which clinched a playoff berth Sunday, could still join the Giants with an improvement of over .300. There's actually a Baltimore connection to those New York Giants. The Baltimore franchise then moved to New York and became the Highlanders, who would eventually be called the Yankees.
Persons: There's, John McGraw, Babe Ruth's, Ruth, Freddie Freeman, Joe Medwick, Charlie Gehringer, Earl Webb, Todd Helton, Nick Castellanos, Brandon Woodruff, Woodruff, San Francisco, Savant, Wilmer Flores, J.D, Davis, LaMonte Wade Jr, ___ Organizations: Baltimore Orioles, Tampa Bay, AL East, Orioles, New York Giants, Giants, Baltimore, Highlanders, Boston Braves —, Braves, Cincinnati Reds —, Cincinnati, . New York Yankees, New York, Los Angeles Dodgers, Sunday, Rays, Brewers, NL Central, San, Cleveland, New York Yankees, Atlanta Locations: Baltimore, New York, ., Miami, Cleveland, Houston, St, Louis, Philadelphia
The revolt by the players followed a kiss on the lips of player Jenni Hermoso by the country's football federation (RFEF) boss Luis Rubiales after Spain won the World Cup. She disputed his insistence the kiss was consensual, sparking a national debate about macho culture in the sport. Another source close to four other players told Reuters they were seeking legal advice to decide whether to report to the squad on Tuesday, afraid of the threat of punishment. "They come from being world champions, they love the profession and I know they will be here with us tomorrow." An original group of 81 players had called the boycott in the wake of the furore over Rubiales' kiss.
Persons: Montse Tome, Jenni Hermoso, Luis Rubiales, Hermoso, Mapi Leon, Patri Guijarro, Jorge Vilda, Tome, Jenni, Fernando Kallas, Emma Pinedo, David Latona, Andrei Khalip, Charlie Devereux, Philippa Fletcher, Ken Ferris Organizations: Players, Spain, Reuters, Sports, Sweden, UEFA Nations League, Thomson Locations: Spain, Sweden, Switzerland
Friday, the Texas Youth Summit announced Boebert would be a speaker at their upcoming conference. The Texas Youth Summit, aimed at children and young adults, allows anyone between 12 and 26 to attend for free. Christian Collins, founder of the Texas Youth Summit, declined to comment to Insider or clarify whether or not the decision to allow Boebert to speak came before or after September 10. In addition to Boebert, this year's speakers include Donald Trump, Jr., Charlie Kirk, and other conservative federal and state representatives. Representatives for Boebert did not immediately respond to a request for comment from Insider sent outside regular business hours.
Persons: Lauren Boebert, @laurenboebert, Boebert, Christian Collins, Donald Trump , Jr, Charlie Kirk Organizations: Texas Youth Summit, Service, Woodlands, Texas Youth Foundation, Woodlands Waterway Locations: Wall, Silicon, Denver , Colorado, Marriott, Houston, Colorado's, Denver, American
After five months and 53 shows, the economic impact of Swift's "The Eras Tour" was monumental and non-stop. Consider the following:"Taylor Swift's 'Eras' tour is rewriting the playbook of entertainment economics," Chris Leyden, director of growth marketing at SeatGeek told CNN. "It's no surprise that people are flocking to this Eras Tour experience in what is increasingly an otherwise digital environment we live in." AdvertisementAdvertisementOne Swiftie who spoke with Insider called their "Eras Tour" trip "a little bit concert, a little bit vacation." — Taylor Swift, who is releasing a film version of "The Eras Tour."
Persons: Taylor Swift, Swift, Taylor, Chris Leyden, SeatGeek, She's, , Omar Vega, Alice Enders, Grace Smith, Andrew Heilmann, Robert Douglas, Cork, Oppenheimer, Klaus Vedfelt Piper, Nancy Lazar, Lazar, Barbie, — Taylor Swift, Charlie Harding Organizations: Service, CNN, Bloomberg News, Enders Analysis, World Trade Organization, MediaNews, Denver, Getty, Moody's, Cork Gaines, Bloomberg, Global, Fox News Digital, WGA Locations: Wall, Silicon, Arlington , Texas, LA, , Hollywood
And airlines have made it chaotic by design — so people will pay to get an easier boarding process. Decades ago, airlines used to board first class and use an open boarding process for the main cabin. A better boarding processAirlines have been experimenting with different boarding schemes to try to speed up the process. Jason Steffen, a University of Nevada, Las Vegas physics professor developed a boarding method that boards passengers in rows of two. Southwest Airlines has the fastest boarding process of any major airline by simply allowing people to claim the first available seat.
Persons: New York CNN —, Don’t, Nathan Howard, it’s, you’ve, , Henry Harteveldt, Robert Mann, Nicolas Economou, Harteveldt, Massoud Bazargan, Jeffrey Greenberg, ” Bazargan, Aircrafts, , Wilma, Jason Steffen, Charlie Riedel, Steffen, Organizations: New, New York CNN, Atmosphere Research, Carriers, Airlines, Embry, Riddle Aeronautical University, Universal, Transportation Department, Companies, University of Nevada, Southwest Airlines Locations: New York, Daytona Beach , Florida, Las Vegas
The 2024 Executive Power Survey
  + stars: | 2023-09-15 | by ( Charlie Savage | Maggie Haberman | Jonathan Swan | ) www.nytimes.com   time to read: 1 min
The 2024 Executive Power Survey We asked candidates about presidential authority. Here is what they said.
Organizations: Survey
The newly launched Professional Women’s Hockey League is quickly taking shape. The head coaches are but an example of the step up in class for women’s hockey, with Ryan reunited with Gina Kingsbury, who left Hockey Canada to be Toronto’s GM. Howie Draper, who coached the University of Alberta women’s team to eight national titles, was hired by New York. The majority of the players signed had connections to their respective communities, with most national team players staying in their home countries. She attended a prep school, and played for both the now-defunct Canadian Women’s Hockey League and National Women’s Hockey League Boston-based franchises.
Persons: Hilary Knight, Philip Poulin, Kelly Pannek, Troy Ryan, Courtney Kessel, Kori, Taylor Heise, ” Heise, I’m, Natalie Darwitz, Heise, Darwitz, Lee Stecklein, Kendall Coyne Schofield, Mark Walter, Billie Jean King, Ryan, Gina Kingsbury, Carla MacLeod, Howie Draper, Charlie Burggraf, Micah Zandee, Hart, Alex Carpenter, Abby Roque, Knight, , , ” Pannek, Brant Feldman, Pannek, ” Darwitz, Kelly Organizations: Women’s Hockey League, Canadian, Minnesota, Golden Gophers, Associated Press, Los Angeles Dodgers, Hockey Canada, Czech Republic national, University of Alberta, New, Bethel University, Team USA, National Women’s Hockey League Boston Locations: Boston, Marie, Quebec, Minnesota, Toronto, Montreal, ., “ Minnesota, Chicago, Boston , New York, Ottawa, New York, California, Idaho, New England, City, Plymouth , Minnesota
The federal prosecutors who charged former President Donald J. Trump with a criminal conspiracy over his attempts to overturn the 2020 election obtained 32 private messages from his Twitter account through a search warrant this winter as part of their investigation, court papers unsealed on Friday said. Questions have lingered about what prosecutors were looking for in Mr. Trump’s Twitter account ever since it was revealed last month that the government had served the warrant on Twitter in January. In an earlier release of documents, prosecutors disclosed that they had obtained some private messages from Mr. Trump’s account but not how many. Mr. Trump’s posts on the platform in the chaotic months after the election were mentioned several times in the indictment that the special counsel, Jack Smith, filed against him in Washington last month. What remains unclear is whether Mr. Smith’s team sought the warrant for Mr. Trump’s account merely to confirm that he had posted the messages that appeared in public, or whether they suspected that some private data in the account might also be important.
Persons: Donald J, Elon Musk, Trump, Jack Smith, Smith’s Organizations: Trump, Twitter, Justice Locations: Washington
Career civil servants include professional staff across the government who stay on when the presidency changes hands. Portraying federal employees as unaccountable bureaucrats, the Trump team has argued that removing job protections for those who have any influence over policymaking is justified because it is too difficult to fire them. Critics saw the move as a throwback to the corrupt 19th-century patronage system, when all federal jobs were partisan spoils rather than based on merit. Congress ended that system with a series of civil-service laws dating back to the Pendleton Act of 1883. Everett Kelley, national president of the American Federation of Government Employees, described Schedule F as “the most profound undermining of the civil service in our lifetimes.”
Persons: Trump, , Critics, Everett Kelley Organizations: Trump, American Federation of Government Employees Locations: Pendleton
If President Biden were elected to a second term, he pledged to go to Congress to start any major war but said he believed he was empowered “to direct limited U.S. military operations abroad” without such approval when such strikes served critical American interests. “As president, I have taken great care to ensure that military actions carried out under my command comply with this constitutional framework and that my administration consults with Congress to the greatest extent possible,” he wrote in response to a New York Times survey of presidential candidates about executive power. “I will continue to rigorously apply this framework to any potential actions in the future,” he added. The reply stood in contrast to his answer in 2007, when he was also running for president and, as a senator, adopted a narrower view: “The Constitution is clear: Except in response to an attack or the imminent threat of attack, only Congress may authorize war and the use of force.”
Persons: Biden, , Organizations: New York Times
Former president of the Royal Spanish Football Federation Luis Rubiales is pictured after leaving the high court in Madrid, Spain - September 15, 2023 REUTERS/Isabel Infantes Acquire Licensing RightsMADRID, Sept 15 (Reuters) - An investigating judge at Spain's High Court has imposed a restraining order to prevent former soccer chief Luis Rubiales approaching national team player Jenni Hermoso, after he appeared in court to be investigated for sexual assault for kissing her on the lips. The incident, which occurred at the medal ceremony after Spain's women's team won the World Cup in Sydney, Australia, on Aug. 20, has triggered a furore over sexism in Spanish sport and society and prompted protests similar to the "Me Too" movement. Reporting by Emma Pinedo; Writing by David Latona; Editing by Charlie DevereuxOur Standards: The Thomson Reuters Trust Principles.
Persons: Royal Spanish Football Federation Luis Rubiales, Isabel Infantes, Luis Rubiales, Jenni Hermoso, Spain's women's, Emma Pinedo, David Latona, Charlie Devereux Organizations: Royal Spanish Football Federation, REUTERS, Rights, Spain's, Thomson Locations: Madrid, Spain, Rights MADRID, Sydney, Australia
NEW YORK (AP) — Michael McGrath, a Broadway character actor who shined in zany, feel-good musicals and won a Tony Award for “Nice Work If You Can Get It,” has died. McGrath died Thursday at his home in Bloomfield, New Jersey, said his publicist, Lisa Goldberg. “Michael McGrath was as wonderful offstage as he was on,” wrote Michael Urie in tribute. The actor also moves with the confidence of a born hoofer, particularly in his ″'The God-Why-Don’t-You-Love-Me Blues. '″He is survived by his wife of 30 years, actor Toni Di Buono and a daughter, actor Katie Claire McGrath.
Persons: — Michael McGrath, , McGrath, Lisa Goldberg, “ Michael McGrath, Michael Urie, ” McGrath, Martin, Michael McGrath, Patsy, , , Monty, Eric Idle, Tony, Cookie McGee, Matthew Broderick, Kelli O’Hara, Charlie conviviality, Toni Di Buono, Katie Claire McGrath Organizations: Broadway, , “ Memphis ”, City Center, The Associated Press Locations: Bloomfield , New Jersey, , “ Memphis
The Rolling Stones Start Up Again
  + stars: | 2023-09-14 | by ( Jon Pareles | More About Jon Pareles | ) www.nytimes.com   time to read: +2 min
For the band members, the most crucial part of the Rolling Stones sound is what Richards calls “weaving” — the ever-changing, spur-of-the-moment interplay between the instruments, particularly the guitars. The band recorded the core of most of the songs together in the studio, playing off one another as they would onstage. Of course we have disagreements about how things should be, but I think that’s pretty normal. And that’s a matter of rhythm.”The Stones groove got its foundation from Watts, who died at 80. “There would have been a Rolling Stones without Charlie Watts, but without Charlie Watts there wouldn’t have been the Rolling Stones,” Richards said.
Persons: Richards, Watt, , , ” Wood, Jagger, Taylor Swift, Keith, I’m, ” Richards, Charlie Watts Organizations: Beyoncé Locations: Watts
Spanish farmer Miguel Moreno was an early adopter of so-called cover crops. Spain's drought-hit olive oil production slumped to 663,000 tonnes last year, less than half the average of 1.45 million tons recorded in the previous four harvests, according to the government. In January, it began subsidising farmers who use cover crops as part of the new Common Agricultural Policy (CAP). She said the company was pushed both by customers such as Walmart in the U.S. and by regulation to buy olive oil from producers using sustainable practices. Ecology professor Manzaneda is also coordinator of EU-funded project SOIL O-LIVE and is testing methods for coaxing Albacete's degraded earth back to health.
Persons: Chiclana de Segura, Jon Nazca, Andrea Ronca, Miguel Moreno, Angel, Dcoop, Gonzalo Delacamara, Emilio Gonzalez, Antonio Manzaneda, Manzaneda, Olive, Syngenta, Luis Miranda, Domingo, Marco Trevisan, Dean, Simone Rech, Catalonia's Cava, Sebastiano Conti, Charlie Devereux, Antonella, Corina Pons, Keith Weir, Frank Jack Daniel Our Organizations: REUTERS, Companies Southern, VILLANUEVA DEL ARZOBISPO, Farmers, European Union, of Nutrition, Plant Science, IE, Water, University of Cordoba, University of Jaen, European, Walmart, Swiss, Syngenta, EU, TECH, Smart, Milan Polytechnic, University of Brescia, of Agricultural Sciences, Catholic University of Piacenza, Thomson Locations: Olive, Chiclana, Jaen, Spain, ROME, Italy, Madrid, European, France, Germany, Mantua, Andalusia, European Union, U.S, ITALY, Treviso, Venice, Sicily
Insider Today: Big banks are screwed
  + stars: | 2023-09-14 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
It's the latest example of the pressure big banks are under to keep their place atop Wall Street. Before the announcement, the bank's share price was down almost 9% this year, trailing all of its fellow big bank peers in the US except Bank of America. Citi's overhaul represents how big banks are scrambling to stay on top of a financial world passing them by. CEO Jamie Dimon recently quipped he "wouldn't be a big buyer of a bank" in reference to proposed regulations requiring big banks to keep more money on the sidelines. Whether it's fintechs or so-called shadow banks, there's no shortage of players looking to offer services previously dominated by big banks.
Persons: that'll, isn't, Mike Kemp, Insider's Jennifer Sor, Jane Fraser, Fraser, Fraser isn't, she's, Michael Corbat, Citi's reorg, Goldman Sachs, David Solomon, Rebecca Ungarino, Wells, Charlie Scharf, JPMorgan — isn't, Jamie Dimon, it's, Robert Nickelsberg, Morgan Stanley, — isn't, Arantza Pena Popo, Nicole Zaridze, Elon Musk, Post Malone, , Hunter Biden, Garrett Ziegler, Paul Morigi, Biden's, Joey Hadden, I've, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Citigroup, Getty, Bank of America, JPMorgan, Independence, Apple, Post, SEC, Trump, Wikimedia, Motors, Ford, Nintendo Locations: Wall, Silicon, Seattle, New York City, China, Boxabl, Michigan, San Diego, London, New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. In the 12-months through August, the CPI jumped 3.7%, though year-on-year consumer prices have come down from a peak of 9.1% in June 2022. Markets now anticipate that the Fed will cut rates for the first time in July 2024, compared with expectations a month ago that rates would begin falling by March. “Earnings are what matter from here, particularly with an AI sector that needs to justify expectations." Reporting by David Randall; Editing by Ira Iosebashvili and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Alex McGrath, Kevin Gordon, Charlie McElligott, , David Randall, Ira Iosebashvili, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Futures, Treasury, U.S ., Schwab Center, Financial Research JPMorgan, Nomura, Nvidia, Companies, Thomson Locations: New York City, U.S
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