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☆ Sen. Dianne Feinstein says she's being cut out of millions from her husband's estate in an act of 'financial elder abuse'
▼ + stars: | 2023-08-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Dianne Feinstein alleges that the trustees for her husband's estate have engaged in "financial elder abuse." Katherine Feinstein, who filed the suit on behalf of her mother, alleges that Feinstein is being cut out of millions. Katherine Feinstein, a former San Francisco judge, filed the suit on behalf of her mother. In a previous suit, Katherine Feinstein alleged that the trust was not moving quickly enough to sell the Stinson Beach house. Katherine Feinstein concedes that the trust has never denied one of Feinstein's requests, but characterizes this claim as "misleading."

Persons: Dianne Feinstein, Katherine Feinstein, Feinstein, Richard Blum's, Sen, Dianne Feinstein's, Feinstein's, Blum, Michael Klein, Marc Scholvinck, Verett Mims, Klein, Scholvinck, Steven P, Braccini Organizations: Service, San Francisco Chronicle, California Democrat, San Francisco, D.C, Stinson, Claremont Locations: Wall, Silicon, California, San Francisco, Washington, Kauai, Berkeley , California, Feinstein's

Senator Dianne Feinstein (D-CA) attends a Senate Judiciary Committee executive business meeting to vote on legislation and pending nominations before the committee, on Capitol Hill in Washington, U.S., May 11, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Aug 15 (Reuters) - U.S. Democratic Senator Dianne Feinstein has filed a lawsuit alleging financial elder abuse and breach of trust by the trustees of her late husband's estate, with the legal filing seeking their removal over the alleged wrongdoing. The lawsuit alleges that the trustees committed "financial abuse" of Feinstein by "wrongfully withholding distributions to which (her late husband's) trust entitles her in bad faith and diverting assets that they should have used to fund" the senator's trust. The attorney added: "The trustees have always respected Senator Feinstein and always will. First elected to the Senate in 1992, Feinstein has said she will not seek re-election in 2024.

Persons: Dianne Feinstein, Kevin Lamarque, Katherine Feinstein, Feinstein, Richard Blum, Steven Braccini, Michael Klein, Marc Scholvinck, Kanishka Singh, Sandra Maler Organizations: Capitol, REUTERS, Rights, Democratic, California Superior Court, Democrats, Senate, San Francisco Chronicle, Committee, Thomson Locations: Washington , U.S, California, County, San Francisco, Washington

☆ Bearish investor Boaz Weinstein is feeling the pain from this year's unexpected stock rally
▼ + stars: | 2023-08-10 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Boaz Weinstein has been tagged by this year's stock-market rally, according to the Financial Times. Saba Capital's flagship $1.3 billion fund is down 8% year-to-date, the publication reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. [Quantitative tightening] is going to be a real headwind for investors," Weinstein told the FT back in October. Contrary to Weinstein's gloomy forecast, US stock valuations have soared in 2023, powered higher by the rise of AI and rapidly cooling inflation.

Persons: Boaz Weinstein, Boaz Weinstein's, Weinstein, That's, Morgan Stanley's, Mike Wilson Organizations: Financial Times, Saba Capital's, Service, Federal Reserve, Nasdaq, Dow Jones, Saba Capital Locations: Saba, Wall, Silicon, Boaz Weinstein's Saba Capital

☆ US Senator Feinstein back home after fall, brief hospitalization
▼ + stars: | 2023-08-09 | by ( Moira Warburton | ) www.reuters.com time to read: +2 min

Senator Dianne Feinstein (D-CA) attends a Senate Judiciary Committee executive business meeting to vote on legislation and pending nominations before the committee, on Capitol Hill in Washington, U.S., May 11, 2023. Senator Dianne Feinstein, 90, was briefly hospitalized following a minor fall in her San Francisco home, her office said on Wednesday, the latest incident involving a key member of the committee that approves federal judges. "All of her scans were clear and she returned home," after a brief Tuesday night hospitalization, Feinstein's office said in a statement. Feinstein is a member of the Senate Judiciary Committee that plays a critical role in confirming presidential appointments of federal judges. First elected to the Senate in 1992, Feinstein has said she will not seek re-election in 2024.

Persons: Dianne Feinstein, Kevin Lamarque, Feinstein, Republican Mitch McConnell, Ramsay Hunt, Moira Warburton, Rami Ayyub, David Ljunggren, Susan Heavey, Jonathan Oatis Organizations: Capitol, REUTERS, Democratic U.S, Democrats, Senate, Top, Republican, Committee, Thomson Locations: Washington , U.S, San, Washington

☆ How atomic bombs work and why Manhattan Project scientists designed two types of bombs during WWII
▼ + stars: | 2023-08-09 | by ( Adam Barnes | ) www.businessinsider.com time to read: +7 min

Atomic bombs work via a process called nuclear fission that involves atom splitting. Albert Einstein didn't make the first atomic bombs, but his famous equation explains how they work. Scene from the film "Oppenheimer," where Cillian Murphy stands next to the first ever atomic bomb to detonate. The scientists designed and completed two different types of atomic bombs because they weren't sure which method would work. Since scientists working on the Manhattan Project weren't quite sure if the plutonium bomb's implosion method would work, they decided to test one before it was used in the war.

Persons: Albert Einstein didn't, Oppenheimer, Cillian Murphy, J, Robert Oppenheimer —, they'd, Albert Einstein, Oppenheimer —, Amanda Macias, Sun, Robert Oppenheimer Organizations: Service, University of Nevada, Trinity, TNT, National Security Research, Los, Manhattan, Hiroshima . Little, Los Alamos National Laboratory Nuclear, Nagasaki . Locations: Wall, Silicon, University of Nevada Las Vegas, New Mexico, Hiroshima, Germany, Los Alamos, United States, Manhattan, Oak Ridge , Tennessee, Los, Hanford , Washington, Nagasaki

☆ Dianne Feinstein has surrendered decision-making on legal matters to her daughter, but the 90-year-old is still one of the most powerful lawmakers in the country
▼ + stars: | 2023-08-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Dianne Feinstein has reportedly granted her daughter power of attorney over her legal affairs. It's unclear the extent to which Feinstein's agreement extends. The New York Times reported Thursday that Feinstein has granted power of attorney to Katherine Feinstein, a former San Francisco judge, over her legal affairs. During a recent Senate Appropriations Committee hearing, Feinstein appeared confused during a roll call vote. Feinstein also serves on the powerful Senate Appropriations Committee.

Persons: Dianne Feinstein, Democratic Sen, Katherine, Feinstein, Katherine Feinstein, It's, Bryan Metzger, Sen, Patty Murray, Amy Coney Barrett's Organizations: Senate, Service, Privacy, Democratic, New York Times, GOP, Committee, Intelligence, CIA, NSA, Senate Armed Services Committee, panel's, Water, Army Corps of Engineers Locations: Wall, Silicon, San Francisco

The logo of the company Royal Caribbean is seen on the 'Wonder of the Seas' cruise ship, the world’s largest cruise ship, docked at a port in Malaga, southern Spain, April 30, 2022. Cruise operators lowered prices to lure passengers onboard following the pandemic, banking on onboard spending that has now reached record levels. Onboard spending in the second quarter rose 49.9% for Norwegian Cruise Lines (NCLH.N), compared with the same period in 2019, before the pandemic. Onboard spending rose about 36.8% for Royal Caribbean Cruises and 17.2% for Carnival in the same period. Carnival and Royal Caribbean said the percentage of guests who were new to cruising surpassed 2019 levels.

Persons: Jon Nazca, Patrick Scholes, Josh Weinstein, Bob Levinstein, Cruise, Carnival's Weinstein, Jason Liberty, Brandt Montour, Granth, Anil D'Silva Organizations: Royal, REUTERS, Royal Caribbean Cruises, Carnival Corp, Carnival, Cruise, Norwegian Cruise Lines, DISNEY WORLD, Walt Disney, Custom Travel, Reuters Graphics, Cruise Lines International, . Carnival, Barclays, Thomson Locations: Royal Caribbean, Malaga, Spain, U.S, Caribbean, Orlando , Florida, They've, Bengaluru, Doyinsola, New York

☆ Sen. Dianne Feinstein's daughter has power of attorney over her
▼ + stars: | 2023-08-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Sen. Dianne Feinstein's daughter has power of attorney over her the lawmaker. It is not clear the extent to which her daughter holds power of attorney. As The Los Angeles Times previously reported, a limited power of attorney agreement can be granted in matters of convenience. Sen. Dianne Feinstein's daughter, Katherine Feinstein, signed for her mother on a lawsuit, indicating the existence of some kind of power of attorney agreement. Braccini also raised doubts about the existence of a power of attorney agreement.

Persons: Sen, Dianne Feinstein's, Katherine Feinstein, Democratic Sen, Katherine, Richard Blum, Feinstein, Power, Katherine Feinstein's, Blum's, Steven P, Mark R, Klein, Marc Scholvinck, Braccini, Mitch McConnell's, Gray Organizations: The New York Times, Service, Privacy, Democratic, San Francisco Fire, Los Angeles Times, American Bar Association, Superior, of, New York Times, United, Associated Press Locations: San Francisco, Wall, Silicon, of California, Washington

☆ Dianne Feinstein weighs in on Mitch McConnell's health scare: 'I didn't know that. I didn't see that'
▼ + stars: | 2023-07-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Dianne Feinstein weighed in on Mitch McConnell's freeze-up in front of reporters this week. Asked about it the day after it happened, she said she wasn't aware of the incident. The 90-year-old California Democrat — whose own cognitive decline and health issues have been the subject of scrutiny, particularly in the months since she came down with a shingles infection — was asked by a Los Angeles Times reporter on Thursday about McConnell's health scare. Both Feinstein and McConnell have taken extended absences from the Senate this year in relation to their respective health issues. After McConnell's incident this week, multiple outlets reported that he's suffered numerous falls this year, along with an already-known fall at a Washington event in March that left the Kentucky Republican with a concussion.

Persons: Dianne Feinstein, Mitch McConnell's, Democratic Sen, Mitch McConnell, California Democrat —, McConnell, hadn't, Feinstein, he's Organizations: Service, Privacy, Democratic, California Democrat, Los Angeles Times, Kentucky Republican Locations: Wall, Silicon, California, Washington

☆ Mitch McConnell had 2 unreported falls this year, including a 'face plant' at an airport in July, reports say. That's at least 3 falls in 2023.
▼ + stars: | 2023-07-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Sen. Mitch McConnell, 81, has had a history of falls this year, per several new reports. After falling and fracturing his rib in March, McConnell also tripped at an airport in July, per NBC. They said they did not see the fall in person but spoke to another passenger who assisted McConnell after his fall. ABC News also reported that McConnell fell while leaving his flight on July 14, citing unnamed sources who said he tripped on the air bridge. Including the two previously unreported incidents, McConnell has had at least three separate falls this year.

Persons: Sen, Mitch McConnell, McConnell, Ted Budd, Ronald Reagan, North Carolina GOP Sen, Budd, McConnell's, curtly, he'd, California Democrat Sen, Dianne Feinstein, Feinstein's Organizations: NBC, Service, Ronald Reagan Washington National Airport, NBC News, ABC News, CBS, North Carolina GOP, Washington D.C, GOP, California Democrat Locations: Helsinki, Wall, Silicon, Ronald Reagan Washington, Kentucky, Finland, North Carolina, Washington, California

☆ 'Oppenheimer' doesn't get Einstein's relationship with the Los Alamos director quite right. Here's what they really thought of each other.
▼ + stars: | 2023-07-28 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

In reality, Einstein and J. Robert Oppenheimer knew each other but weren't friends until much later. The movie focuses on J. Robert Oppenheimer, who led the assembly and testing of the first-ever atomic bomb at Los Alamos in New Mexico. Einstein and Oppenheimer disagreed on a key issue: the governmentOppenheimer (right) standing with General Leslie Groves of the US army. Out of fear the Nazis would develop and use a nuclear weapon, Einstein wrote the letter that convinced President Franklin D. Roosevelt to launch an atom-bomb program. Einstein the outsider, Oppenheimer the disgraced insiderJ. Robert Oppenheimer in 1950.

Persons: Albert Einstein, Christopher Nolan, Oppenheimer, Einstein, J, Robert Oppenheimer, Nolan, Alex Wellerstein, Corbis, who'd, Edward Teller, Wellerstein, Arthur Compton, Leslie Groves, Einstein wasn't, wouldn't, Franklin D, Roosevelt, Lewis Strauss, Strauss Organizations: Service, Manhattan, Princeton, New York Times, Manhattan Project, University of Chicago, Times, Getty, Trinity, National Security Research, United Locations: Wall, Silicon, Los Alamos, New Mexico, Princeton, United States

☆ A confused Dianne Feinstein tried to give a speech in the middle of a Senate hearing vote and was told to 'just say aye' instead
▼ + stars: | 2023-07-27 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

A top Senate Democrat pleaded with Sen. Dianne Feinstein during an awkward moment. Senate Appropriations Chairwoman Patty Murray told her colleague to "just say aye." Feinstein appeared to be launching into a lengthy speech during a time when senators were just supposed to vote. "Just say aye," Senate Appropriations Chairwoman Patty Murray repeatedly pleaded with her colleague. In recent weeks, Feinstein voted in favor of a Republican-led amendment during a different Senate hearing before being corrected.

Persons: Sen, Dianne Feinstein, Patty Murray, Feinstein, Democratic Sen, Murray, didn't, Susan Collins, Joe Biden's, Bryan Metzger Organizations: Service, Privacy, Democratic, California Democrat, Republican, Capitol, Pentagon, California Democrats Locations: Wall, Silicon, California

☆ Why Einstein wasn't part of the Manhattan Project even though he convinced President Roosevelt to build an atomic bomb
▼ + stars: | 2023-07-19 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +2 min

Albert Einstein sent a letter in 1939 that helped convinced FDR to launch the Manhattan Project. But Einstein was not part of the secretive program run by J. Robert Oppenheimer to develop a nuclear weapon. The letter cited the Hungarian physicist Leo Szilard's work, and Szilard helped draft the letter, which Einstein signed. The Manhattan Project was officially created in August 1942, months after the US entered the war. The Manhattan Project is the center of a new biopic from director Christopher Nolan.

Persons: Albert Einstein, FDR, Einstein, J, Robert Oppenheimer, Einstein's, Franklin D, Roosevelt, Leo Szilard's, Szilard, Oppenheimer, Eugene Wigner, Christopher Nolan, Cillian Murphy Organizations: Manhattan, Service, US Army Intelligence, American Museum of, . Intelligence, US, Newsweek, The New York Times Locations: Wall, Silicon, Hungarian, Hiroshima, Nagasaki, Manhattan

☆ Convicted Ponzi schemer granted clemency by Trump charged with new Ponzi scheme
▼ + stars: | 2023-07-19 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +1 min

WASHINGTON — A New Jersey man who had his prison sentence for running a massive Ponzi scheme commuted by Donald Trump on the final day of his presidency was charged Wednesday with orchestrating a similar scheme. Eli Weinstein and four accomplices are accused of overseeing a new Ponzi scheme that prosecutors say has defrauded 150 victims out of more than $35 million. The first came in 2013, when he pleaded guilty to 45 counts of fraud and conspiracy for stealing over $200 million from investors. In 2015, he pleaded guilty in a second case, this time to committing wire fraud while he was on trial for the Ponzi scheme. Weinstein had served eight years of his 24-year prison sentence when Trump granted him clemency in 2021, as one of 143 people who received either pardons or commutations during Trump's final hours in office.

Persons: Donald Trump, WASHINGTON, Eli Weinstein, Weinstein, Trump, Alan Dershowitz Organizations: New York Times, Trump Locations: Las Vegas , Nevada, New Jersey, Trump

☆ A convicted Ponzi schemer whose sentence Trump commuted after an intense lobbying push is now being charged with defrauding investors, again
▼ + stars: | 2023-07-19 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Prosecutors say that a convicted Ponzi schemer that Trump got out of prison defrauded people again. Trump's commutation of Weinstein's sentence was one of his final acts as president. Federal prosecutors said on Wednesday that shortly after Trump helped him get released, Weinstein concocted another scheme. Trump's commutation of Weinstein's sentence led to his release after serving less than eight years of a 24-year sentence. Prosecutors allege it did not take Weinstein very long to get back to defrauding investors.

Persons: Trump, Eliyahu, Eli, Weinstein, Donald Trump, James E, Dennehy, commutations, Alan Dershowitz, White, Mark Meadows, Jeff Van Drew, Barry Wachsler, Weinstein's, convicting Weinstein, I'm, Grewal, Eli Weinstein Organizations: Prosecutors, Service, Newark FBI, New York Times, Trump, Republican, Times, United, Twitter, COVID Locations: Wall, Silicon, New Jersey, United States, Ukraine

☆ It’s official: Silicon Valley’s entire business model is a scam
▼ + stars: | 2023-07-18 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

The problem is, conservative economists at the University of Chicago have spent the past 50 years insisting that under capitalism, predatory pricing is not a thing. Predatory companies could never recoup their losses, which meant predatory behaviors are irrational. Lots of economists have come up with solid counter-counterarguments to the Chicago School's skepticism about predatory pricing. A company that engages in predatory pricing and its late-stage investors might not recoup, but the venture investors do. "If people in Silicon Valley start thinking about this as a predatory pricing scam, then I think the late-stage investors will start asking questions."

Persons: Matt Wansley, Wansley, we're, Uber, Cardozo, Sam Weinstein, gobs, you've, —, Brooke, Spencer Waller, Matsushita, Weinstein —, Justice Department —, it's, Weinstein, Matt, that's, Will Uber, Waller, David, Maurer, they've, Adam Rogers Organizations: Lyft, Big Tech, Cardozo School of Law, Justice Department, University of Chicago, Chicago School, Supreme, Matsushita Electric Industry Co, Zenith Radio Corp, Brooke Group, Brown & Williamson Tobacco Corp, United, Loyola's School of Law, Venture, Matsushita, VCs, Chicago, Loyola, pharma, aha, Wansley Locations: United States, Chicago, Silicon Valley, Silicon

☆ Harvey Weinstein is demanding $1 million from a man he claims stole his Banksy paintings
▼ + stars: | 2023-07-18 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

Harvey Weinstein says a man lent him $350,000 for bail but won't return art used as collateral. He's demanding the return of the other Banksy and six other works — or $1 million. Reich is refusing to hand the remaining Banksy over, along with six other works of art that he'd been holding in case the Banksy works lost value. Robert Hantman, Weinstein's lawyer, said the two men were acquaintances and Reich lent Weinstein the money when he was trying to make bail. The lawsuit seeks the return of whatever Banksy works Reich might still have, as well as the other six works.

Persons: Harvey Weinstein, Banksy, Weinstein, Steven Michael Reich, Reich, he'd, Robert Hantman, Reich didn't, Alfred Eisenstaedt, Ron Agam Organizations: Service, Mohawk Correctional Locations: Wall, Silicon, Manhattan, Los Angeles, York

☆ Time appeared to move 5 times slower in the early days of the universe, scientists found
▼ + stars: | 2023-07-05 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +2 min

A new study found that time appeared to move five times slower in the early days of the universe. Scientists used quasars — enormously bright supermassive black holes — to arrive at their findings. The researchers used quasars — supermassive black holes that feed on gas and are among the brightest known celestial objects — to arrive at their finding. Quasars "are crucial to understanding the early universe," one astronomer said in 2018. Albert Einstein, in his general theory of relativity, predicted that we live in an expanding universe, where time was slower in its early years, and now the researchers in this study observed that.

Persons: Albert Einstein's, —, Geraint Lewis, Albert Einstein Organizations: Service, Privacy, CNN, University of Sydney's School of Physics, Sydney Institute for Astronomy

☆ Albert Einstein wrote to the US pleading with the government to build an atomic bomb 80 years ago. Here's what he said.
▼ + stars: | 2023-07-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Albert Einstein was famously a pacifist, but he urged the US to develop the atomic bomb. Szilard and two other Hungarian physicists, Edward Teller and Eugene Wigner, who were both refugees, told Einstein of their grave concerns. Einstein and Leo Szilard reenacting the signing of their letter to Roosevelt warning that Germany may be building an atomic bomb. Einstein later said, "Had I known that the Germans would not succeed in developing an atomic bomb, I would have done nothing for the bomb." UK Prime Minister Winston Churchill meets with Roosevelt in the meeting where they finalized plans for an atomic bomb.

Persons: Albert Einstein, —, Franklin D, Roosevelt, Einstein, Alexander Sachs, Alex, Sachs, Leo Szilard, Szilard, Edward Teller, Eugene Wigner, Leo Szilard reenacting, Cynthia Kelly, Winston Churchill, Warren Buffett Organizations: Manhattan, Service, Atomic Heritage Foundation, New York Times, Jewish, Getty, Geographic, Uranium, Manhattan Project, AP, Gamma, Columbia University Locations: Japan, Nazi Germany, Germany, Hungarian, Hiroshima, Nagasaki, AP Nazi Germany, Keystone, France, United States

☆ Republicans could filibuster the replacement of Dianne Feinstein, but it's unclear if they actually would: 'We couldn't do that'
▼ + stars: | 2023-07-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

They argue that Republicans could filibuster the appointment of a new senator to the Judiciary Committee. "We couldn't do that," said Republican Sen. Chuck Grassley of Iowa, who chaired the committee from 2015 to 2019. "I don't know why that would be a problem," said Republican Sen. Josh Hawley of Missouri, another member of the committee. With Feinstein absent, the Judiciary Committee could not quickly approve and send to the floor a slate of nominees that lacked GOP support. Republican Sen. Rick Scott of Florida expressed amazement that replacing Feinstein's seat could be subject to the Senate's 60-vote filibuster.

Persons: Dianne Feinstein, —, Sen, Dianne Feinstein's, Joe Biden's, Biden, Republican Sen, Chuck Grassley, Josh Hawley, Democratic Sen, Ben Cardin, Feinstein, Chuck Schumer, Lindsey Graham of, Graham —, Committee —, Mitch McConnell, Rick Scott, Anna Moneymaker, Barack Obama's, Amy Coney Barrett, Donald Trump's, Sheldon Whitehouse, Barbara Boxer, Cardin, Schumer, Ted Cruz, Cruz, McConnell, Graham, Scott, Schumer didn't Organizations: Committee, Service, Democratic, GOP, Republican, Republicans, CNN, Judiciary, California —, New York Times, Times Locations: Iowa, Josh Hawley of Missouri, Ben Cardin of Maryland, California, Lindsey Graham of South Carolina, Washington, Florida, Rhode, Ted Cruz of Texas

☆ An experiment that reaches across the galaxy has 'heard' an invisible sea of ripples in space-time for the first time. It's surprisingly loud.
▼ + stars: | 2023-06-30 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

Those ripples are probably the distant thunder of countless collisions between supermassive black holes, throughout space and time. He predicted that the intense gravity of extremely massive objects, like black holes, warps the fabric of space-time. The NSF funded the 15-year experiment, which is called the North American Nanohertz Observatory for Gravitational Waves (NANOGrav). Supermassive black holes are thought to exist at the center of every galaxy. Her lab runs computer models of merging supermassive black holes to predict how they behave and what signals they send out into space.

Persons: —, Albert Einstein's, Aurore, Sean Jones, Manuela Campanelli, NASA's James Webb, Noll, Kip Thorne, NASA Goddard Thorne, NANOGrav, LIGO, Stephen Taylor, Lorenzo Ennoggi Organizations: Service, Sciences, National Science Foundation, NSF, American Nanohertz, Rochester Institute of Technology, NASA's James Webb Space, Hubble, Telescope, NASA, ESA, Hubble Heritage Locations: Louisiana, Washington, Europe, India, Australia, China

☆ Stocks making the biggest premarket moves: Nike, Apple, Dominion Energy, Carnival and more
▼ + stars: | 2023-06-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Nike's fiscal fourth-quarter earnings were 66 cents per share, versus the 67 cents consensus estimate, per Refinitiv. Apple — Apple shares rose 0.8%, putting the tech giant on track to reach a $3 trillion market cap. Carnival — Shares of the cruise line rose 3% in premarket trading after Jefferies upgraded Carnival to buy from hold. Savers Value Village — Shares slipped 2% in the premarket, after jumping 27% during their first day of trading Thursday. Freyr Battery — The stock popped another 5% in premarket trading, following an 11% gain on Thursday.

Persons: Jefferies, Josh Weinstein's, Morgan Stanley, —, Sam Subin, Jesse Pound, Alex Harring Organizations: Nike, Nike —, Apple, Citi, Jefferies, Dominion Energy, Millstone, Constellation Brands, Corona, Revenue Locations: Chicago , Illinois, U.S, Pacifico

☆ Nancy Pelosi reportedly blamed 'the left' and sexism for intense scrutiny of Dianne Feinstein's health
▼ + stars: | 2023-06-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Former House Speaker Nancy Pelosi blamed "the left" for the intense scrutiny of Sen. Feinstein's health. She also suggested sexism was at work: "If she were a guy, you wouldn't even hear about it." Top editors give you the stories you want — delivered right to your inbox each weekday. Pelosi went on to say that "yes, I do" believe that Californians were being adequately represented by Feinstein, despite questions about her short-term memory and cognitive decline. "I think the standard she's being held to is unacceptable and unprecedented," said Democratic Sen. Kirsten Gillibrand at the time.

Persons: Nancy Pelosi, Sen, Pelosi's, —, Dianne Feinstein's, Nancy Pelosi —, Pelosi —, Feinstein, Pelosi, Democratic Sen, Kirsten Gillibrand, Feinstein's, Dean Phillips, I'm, Phillips Organizations: Service, CNN, Democratic, California Democrat, House Democrats, Democratic Rep, Dean Phillips of Locations: California, San Francisco, Dean Phillips of Minnesota

☆ Cruise stocks soar as industry rebounds. Here's what analysts expect to happen next
▼ + stars: | 2023-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Carnival and Norwegian Cruise Line hit 52-week highs Wednesday, while Royal Caribbean did so Tuesday. RCL YTD mountain Royal Caribbean year to date For Farley, Royal Caribbean stands out because it has about 64% of its cruises in the Caribbean, a strong market. Investors now may be waiting to see if there will be more price target increases from analysts after the latest run up. Royal Caribbean has 3% downside to the average analyst price target of $92.77 as of Tuesday's close, per FactSet. Carnival has 21% downside to its average price target of $12.11, and Norwegian has 15% downside to its $16.60 average price target.

Persons: It's, Jason Liberty, Patrick Scholes, Robin Farley, Matthew Boss, Bank of America's Andrew Didora, Josh, Didora, Farley, Truist's Scholes, James Hardiman, Greg Badishkanian, Scholes, Managements, Boss, CNBC's Michael Bloom, Josh Weinstein Organizations: shutdowns, Wall Street, Cruise Line, Royal, CNBC, Royal Caribbean, JPMorgan Chase, Bank of America, CCL, Bank of America's, UBS, Argus Research, Citi, Wolfe Research, JPMorgan, Investors Locations: Royal Caribbean, U.S, Miami, Tuesday's, Caribbean, Norwegian

Amid "continued demand momentum" for the cruise industry, JPMorgan is bullish on Carnival . The bank upgraded the cruise liner's shares to overweight from neutral in a Monday note. Analyst Matthew Boss also raised his price target to $16 from $11, implying more than 22% upside from Friday's close. Boss underscored Weinstein's comments that Carnival is "no longer riding the coattails of a post-pause pent-up." "On the top-line, we came away confident in current trends with all three management teams," Boss said.

Persons: Matthew Boss, Boss, Josh Weinstein —, —, — CNBC's Michael Bloom Organizations: JPMorgan, CCL

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