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☆ Lawmakers tussle over GOP efforts to thwart ESG investing
▼ + stars: | 2023-07-12 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

WASHINGTON — House lawmakers clashed Wednesday over federally mandated environmental, social and governance disclosure requirements for companies rolled out amid concerns over growing climate disasters. The GOP majority committee members decried the disclosure rules as part of a broader push to discourage ESG investing nationwide. Democrats defended them as necessary to promote responsible investing to reduce inequities and curb climate change. "These politically motivated regulations not only discouraged private companies from going public but also hinder the competitiveness of American public companies." Democratic Rep. Maxine Waters, meanwhile, criticized Republicans' attempts to undermine what she called the federal government's responsibility to hold public companies accountable for ESG.

Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, Biden, Waters, Gary Gensler, Joe Biden, Andy Barr, Benjamin Zycher, Zycher, Juan Vargas, Vargas Organizations: Financial, Consumers, Investors, American, WASHINGTON —, Republican, Financial Services, GOP, Securities and Exchange, SEC, Democratic, ESG, European Union, Labor Department, Republicans, American Enterprise Institute Locations: Washington , U.S, McHenry, R, Ky

☆ Major business group slams disclosure rules as House Republicans probe ESG investing
▼ + stars: | 2023-07-10 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

WASHINGTON – As Republicans in the House dig in to investigate environmental, social and governance, or ESG, investing, a major industry group that represents thousands of companies is urging them to make reforms. The letter is addressed to committee Chairman Rep. Patrick McHenry, R-N.C., and ranking member Rep. Maxine Waters, D-Calif. The letter underscores the business muscle behind the GOP's battle against policies that back ESG investing. ESG investing has become a heated policy battleground. Progressive Democratic lawmakers have pushed back, arguing that considering ESG makes investors more aware of potential risks and opportunities.

Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, McHenry, ESG Organizations: Financial, Consumers, Investors, American, WASHINGTON –, National Association of Manufacturers, Financial Services Committee, SEC, CNBC, NAM, Johnson, Exxon Mobil, Pfizer, Progressive Democratic Locations: Washington , U.S, R

☆ 'Stoneos' cannabis cookies look too much like Oreos, says US FTC
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

All are marked as containing THC - the ingredient in marijuana that produces a high - in a lower corner of the package. "Ten of the reports specifically mention the edible product to be a copycat of popular foods," the letter said. It said it was seeking legislation that would criminalize selling THC edibles using packaging that infringes on that of famous snack brands. The letters from the FTC and FDA were sent to Delta Munchies LLC, Exclusive Hemp Farms, North Carolina Hemp Exchange LLC, Dr. Diane Becker, manager of NC Hemp Exchange LLC, said the company had received the letter and was no longer selling the products in question.

Persons: Jolly, Gummies, Diane Becker, Smoke, Diane Bartz, Bill Berkrot, David Holmes Organizations: U.S . Federal Trade Commission, FTC, Food and Drug Administration, FDA, Delta Munchies, North Carolina Hemp Exchange, Smoke LLC, Nikte's Wholesale, NC Hemp Exchange, Thomson Locations: North

☆ Paper Magazine, the Oral History: ‘They Were Wide Open’
▼ + stars: | 2023-07-01 | by ( John Ortved | ) www.nytimes.com time to read: +1 min

Maggie McCormick, office manager, 1985-1993: There were just so many moments at Paper when you knew the world was being changed. Fenton Bailey, producer, former Paper columnist: The vibe was, “Hip-hop is a fad. Dennis Dermody, film critic, 1986-2017: I got a call from David Hershkovits. He said, “Listen, we need a film critic, and I hear you go to the movies all the time. La Stampa, in Rome, put up a big article: “Scandal Rocks Disney!” Disney held a press conference to say it was just a joke.

Persons: Maggie McCormick, Fenton Bailey, Dennis Dermody, David Hershkovits, Cook, Macaulay, Christine Muhlke, “, Eileen Myles, David, “ You’ve Organizations: Disney Locations: Stampa, Rome

☆ A Delta flight carrying 96 passengers made a dramatic emergency landing after its front landing gear failed
▼ + stars: | 2023-06-29 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

A Delta Air Lines plane carrying 96 passengers made an emergency landing in North Carolina on Wednesday. A Delta Air Lines flight made an emergency landing in North Carolina on Wednesday after its front landing gears failed to deploy. The Boeing 717, which departed from Atlanta, was approaching Charlotte Douglas International Airport when it experienced an issue with its landing gears, WCNC Charlotte reported. A Delta Air Lines plane landed nose-first at Charlotte Douglas International Airport in Charlotte, NC on Wednesday, June 28, 2023 because of missing front landing gear. The cause of the landing gear failure is still under investigation, WCNC Charlotte reported.

Persons: Charlotte, WCNC Charlotte, WCNC, Jeff Siner, Chris Skotarczak, Skotarczak, I've, we've, Ed Bastian, Bastian Organizations: Delta Air Lines, Boeing, Charlotte Douglas International, Charlotte Observer, Tribune, Service, Getty, AP News, Twitter, Breaking Aviation, Air Lines Locations: North Carolina, Atlanta, Charlotte , NC

☆ Pride organizers describe timid sponsors and tighter security but no mass corporate retreat
▼ + stars: | 2023-06-20 | by ( Sara Ruberg | ) www.cnbc.com time to read: +8 min

Many Pride organizers across the country say high-profile brand backlashes, restrictive legislation and heightened threats against LGBTQ people have fueled record crowd turnout this year. Most of the Pride organizers NBC News spoke with, including Snider, declined to identify corporate sponsors that shrunk their involvement or visibility, concerned about alienating important financial backers. Like Indy Pride, Pride organizations are typically nonprofit organizations that also offer year-round services to the LGBTQ community, such as grants, educational events and support for political activism. Josh Coleman, president of Central Alabama Pride in Birmingham, said some longtime corporate sponsors dropped out this year, including Wells Fargo. Kendra Johnson, executive director of Equality NC, said threats against the community and Pride events have risen dramatically throughout North Carolina.

Persons: InterPride, Shelly Snider, Snider, We've, Bud Light, Josh Coleman, Wells Fargo, It's, Coleman, we've, hasn't, Vanessa Rodley, didn't, Charles Schwab, Wells, Bruce Starr, Pride, Seth McCollough, McCollough, haven't, they've, Kendra Johnson, I've, Johnson, Ron deHarte, deHarte Organizations: Boston Red Sox, Pride, Fenway, Indy, NBC, Indy Pride, Central Alabama Pride, Memphis's, Kroger, Terminix, South Pride, Nike, Ford, Equality, United States Association of Locations: Boston, U.S, Indianapolis, Birmingham, Wells, Tennessee, Memphis, Auburn , Alabama, Plains, Midwest, South, bluer, New York City, Charleston , South Carolina, North Carolina

☆ Still-hawkish Fed pauses rate tightening after 10 straight hikes
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +13 min

While the market expected a hawkish pause, this is even a little bit more hawkish than market participants anticipated and that’s why you’re having a negative reaction in risk assets. So, it does suggest that the Fed is looking to tighten policy further, but the big question is can the Fed credibly commit to two more rate hikes if they just decided to actually hold rates steady. And what is the threshold for further rate hikes? “GEORGE YOUNG, PORTFOLIO MANAGER, VILLERE & CO, NEW ORLEANS"This a pregnant pause, meaning that they said they're going to pause hikes today but they're going to increase later. ANGELO KOURKAFAS, SENIOR INVESTMENT STRATEGIST, EDWARD JONES, ST LOUIS"We're seeing a more hawkish pause.

Persons: QUINCY KROSBY, Powell, He’s, BRIAN JACOBSEN, MENOMONEE, ” ANDRZEJ SKIBA, ” GENNADIY GOLDBERG, they’ve, ” ELLEN HAZEN, Logan, Waller, “ GEORGE, ANGELO KOURKAFAS, EDWARD JONES, They've, MICHAEL BROWN, hawkishly, WHITNEY WATSON, GOLDMAN, “, STOVALL, ” PAUL NOLTE, MICHAEL JAMES Organizations: YORK, Federal Reserve, Federal, U.S, RBC, CPI, PPI, Powell &, Cleveland Fed, Global Finance, Markets, Thomson Locations: U.S, CHARLOTTE, NC, WISCONSIN, WELLESLEY , MASSACHUSETTS, ORLEANS, GOLDMAN SACHS, Manheim, ALLENTOWN, CHICAGO

☆ Confronting aging challenges for LGBTQ+ seniors
▼ + stars: | 2023-06-12 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConfronting aging challenges for LGBTQ+ seniorsOlder adults typically turn to a child, spouse, or another relative for assistance when they need care. LGBTQ+ adults have unique challenges as they age: They are twice as likely to be single and four times less likely to have children than non-LGBTQ+ adults, so they don't always have extended families around to provide care when they're older. Sharon Epperson talks to residents in a co-housing community in Durham, NC for those ages 55 and up that has come up with a way to adapt senior living arrangements to try to fill that care gap.

Persons: Sharon Epperson Locations: Durham , NC

☆ 51 US cities expected to see the highest home price increases and 5 at risk of falling in the next 12 months — plus where mortgage rates could be by year-end — according to a housing economist
▼ + stars: | 2023-06-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Areas that saw price declines during the pandemic are expected to make a comeback. Metropolitan areas including Anaheim, Seattle, and Sacramento top the list. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home prices increase in the next 12 months, beginning from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp believes we have likely peaked for the year.

Persons: Selma, it's, Selma Hepp, Hepp, Louis Organizations: CoreLogic, Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Selma Hepp, Anaheim, Seattle, Sacramento, West Coast, Metropolitan, Santa Ana, Irvine, Bellevue, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano

☆ 51 US cities expected to see the highest home-price increases and 5 at risk of falling in the next 12 months — plus where mortgage rates could be by year-end — according to a housing economist
▼ + stars: | 2023-06-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

The economist Selma Hepp says home prices in some areas are rising because of limited inventory. The US housing market started off on a solid footing this year as home prices rose. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home-price increases in the next 12 months, from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp said that we had likely peaked for the year.

Persons: Selma Hepp, it's, Hepp, CoreLogic's, Louis, CoreLogic Organizations: Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Anaheim , California, Seattle, Sacramento , California, West Coast, Metropolitan, Anaheim, Santa Ana, Irvine, Bellevue, Sacramento, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano

☆ James Beard Award 2023 winners announced
▼ + stars: | 2023-06-06 | by ( Marnie Hunter | Forrest Brown | ) edition.cnn.com time to read: +12 min

The awards have been presented in the Windy City since 2015 and are set to remain there through 2027. Like last year, much of the 2023 show was focused on showcasing the new push for greater diversity. The James Beard Foundation has been mired in controversy over the past few years. The winner of the South category, Natalia Vallejo, is the first Puerto Rican native to win a James Beard Award. Here’s the full list of the 2023 James Beard Restaurant and Chef Awards nominees.

Persons: James Beard, Eric Adjepong, Esther Choi, Andrew Zimmern, Gail Simmons, ”, ” Simmons, Gregory Gourdet, Kann, ” Sherry Pocknett, Sly Fox, James, Ellen Yin, J.B . Pritzker, Chicago Mayor Brandon Johnson, foodie, James Beard’s, “, Timothy Hontzas, Sam Fore, Mariah Carey, Monti Carlo, Natalia Vallejo, Rachel Miller, Nightshade Noodle, Lynn, Niki Nakayama, Erik Ramirez, NY Rob Rubba, Hajime Sato, Sozai, Celeste Noche, NY Don, Brandon Chrostowski, Greg Dulan, CA Aaron Hoskins, Sarah Simmons, Elie Yigo, Quynh Pham, WA Ellen Yin, Damarr Brown, Virtue, Rashida, LA Charlie Mitchell, Clover, NY Amanda Shulman, Angelo, Bakeshop, Zak, Baker, Baker Veronika Gerasimova, Elaine Uykimpang Bentz, Café Mochiko, Vince Bugtong, Margarita Manzke, CA Shawn McKenzie, Café, AL Lula Drake, Los Angeles , CA Spencer, Ann, Brownsville , TX Rob Roy, California Gilberto Cetina Jr, CA Kyle, Katina, Brandon Hayato Go, Hayato, Los Angeles , CA Justin Pichetrungsi, Carlos Salgado, Taco, Omar Anani, Saffron De, Diana Dávila, IL Tim Flores, Genie Kwon, IL Andy Hollyday, MI Sarah Welch, Marrow, Jesse Ito, Cantina La, Kate Lasky, Tomasz Skowronski, Michael Rafidi, Sanaa, Gregory León, Francesco Mangano, Osteria, Madison , WI Itaru Nagano, Andrew Kroeger, Madison , WI David Utterback, Salvador Alamilla, Amano, Caldwell, Michael Diaz de Leon, Suchada Johnson, WY Kris Komori, Ali Sabbah, Brooklyn , NY Mary Attea, Amanda Cohen, Dirt, Valentine Howell, Hunter, CT Sherry Pocknett, Renee Touponce, Joshua Dorcak, Vince Nguyen, Thomas Pisha, Gado, Beau Schooler, Bocca Al, AK Aaron Verzosa, KY Josh Habiger, TN Sam Hart, NC Terry Koval, Paul Smith, Ana Castro, Lengua, LA Timothy Hontzas, AL Henry Moso, Alex Perry, Kumi Omori, Cocina al, Oscar Amador, Kaoru Azeuchi, KAISEKI, Andrew Black, Jeff Chanchaleune, Ma Der, Justin Pioche, Texas Reyna, Painter, Houston , TX Emiliano Marentes, El Paso , TX John Russ, Clementine, San Antonio , TX Ernest Servantes, David Kirkland, Jim Embry, Valerie Horn, Savi ” Horne, Ira Wallace, Olivia Watkins, Karen Washington, Madur Jaffrey Organizations: Washington , D.C, Lyric Opera of, Illinois Gov, Chicago Mayor, Philadelphia, James Beard Foundation, James, New York Times, CNN, Foundation, WA Coracora, Sunday, of Culture, NY, Neng, EDWINS, Restaurant Institute, Hospitality, SC Yenvy, Street Hospitality, Mbaye, Dakar, WA Bottega, AL, SC, Beverages, Merchant, WA BEST, Sherman, Taco María, Selden, D.C, Madison , WI Itaru, Fairchild, Madison , WI, WY, New, New York State, NY Shaina Loew, Pacific, AK, TN, EDO, Food, Burnt Bean, Sustainable Communities Network, Cooperative Farming, Community Center, Southern, Sierra, Burgerville Workers Union, Black Farmer Fund Locations: Philadelphia, Haitian, Pacific, Washington ,, Lyric Opera of Chicago, livestream, Windy City, Boise , Idaho, Madison , Wisconsin, Oklahoma, Monson , Maine, Haiti, Charlestown , Rhode Island, Puerto Rican, Los Angeles, Brooklyn, NY, Washington, Clawson, MI, Seattle, West Hartford, Philadelphia ,, Lucia, Dallas ,, Cincinnati, Portland , Oregon, of Culture , New York, Mexican, Fort Worth , TX Kann, Portland, Milwaukee ,, Asheville , NC, Chicago, Houston , TX, Cleveland, Crenshaw, Columbia, WA, Rashida Holmes, Bridgetown Roti, Los Angeles ,, Dakar NOLA , New Orleans, LA, Clover Hill, New Orleans, Richardson ,, Kansas City ,, Miami, Billings, San Francisco ,, Café Cerés, Minneapolis, Cypress, Pullman, Birmingham, Quarry, Monson, IL, New York, Houston ,, Ann Arbor, Honolulu, Shawnee, KS, Las Vegas, Brownsville , TX, Healdsburg, Sherman Oaks, Costa Mesa ,, Lakes, Saffron De Twah, Detroit ,, Detroit, NJ, PA, , Philadelphia, Cantina La Martina, Apteka, Pittsburgh, Albi , Washington, Kalaya, MN, MO, Sioux Falls, Amilinda, Milwaukee, Osteria Papavero, Madison ,, Yoshitomo, Omaha, UT, WY, Salvador, BRUTØ, Denver, Teton, Teton Village, Boise, Salt Lake City, Sofreh, Brooklyn , NY, , New York, Hudson, Atomix , New York, NH, RI, Krasi, Boston, New Preston, Charlestown, Siu, Yunnan, The, MÄS, Ashland, Berlu, Gado Gado, Bocca Al Lupo, Juneau, Archipelago, KY, NC, TN, WV, Lexington, Bastion, Nashville, Charlotte, Decatur, Charleston, Lengua Madre , New Orleans, Homewood, Orlando, Springs, Cocina, Cocina al Fondo, San Juan, AZ, NM, Oklahoma City, Fruitland, Navajo Nation, Sandwich Hag, El Paso , TX, San Antonio ,, Seguin ,, City of Whitesburg

☆ Unbowed, Proud Boys are planning now for their biggest Pride Month disruptions ever, extremism watchdogs warn
▼ + stars: | 2023-05-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

But this year, the Proud Boys are redoubling their anti-LGBTQ+ efforts, and are laser focused on Pride month. "It's a dangerous thing, because the Proud Boys are all about violence, and so are the Patriot Front, she said. A banner shared to a Proud Boys Telegram channel by someone calling himself a member of the Middle Tennessee Proud Boys chapter. A banner posted on several Proud Boys Telegram channels by an individual identifying themselves as a member of the Proud Boys Michiana (Michigan/Indiana) chapter. The Proud Boys' planned propaganda promoting anti-LGBTQ+ "Proud Day" celebrations timed for Juneteenth, an annual commemoration of the end of slavery in the US.

☆ Older dogs who sleep badly may have dementia, study says
▼ + stars: | 2023-05-17 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +11 min

During his snooze, the study team will analyze Woofus’ brain waves to judge the quality of his sleep. John Joyner/NC State Veterinary MedicineTraining the dogs to accept EEGTo find out whether sleep problems in dogs indicate early signs of dementia as they do in people, Olby and her team turned to a group of senior dogs enrolled in an ongoing study testing antiaging supplements. John Joyner/NC State Veterinary MedicineFor the new study measuring a dog’s brain waves during sleep, researchers used a form of electroencephalogram called polysomnography, used in sleep clinics to diagnose sleep problems in people. Jake, a 13-year-old pointer, was one of 28 dogs trained to sleep with EEG electrodes. When sleeping brain waves were compared with a dog’s cognitive testing, researchers found that dogs with greater dementia spent less time in deep and REM sleep, just as people do.

CNN —North Carolina’s Republican-led General Assembly moved Tuesday to ban most abortions after 12 weeks, voting to override a veto from Democratic Gov. The state House voted 72-48 along party lines hours after the state Senate voted 30-20 to do the same. A three-fifths vote in both chambers, where Republicans hold supermajorities, was needed to override the governor’s previous rejection of the measure. “We are going to have to kick it into an even higher gear when that veto stamp comes down. Cotham, who had campaigned in favor of abortion rights as a Democrat and sponsored legislation earlier in the legislative session to codify Roe v. Wade, was one of the Republicans who voted for the abortion ban.

☆ Regional bank stocks could be a market afterthought in the week ahead
▼ + stars: | 2023-05-05 | by ( Scott Schnipper | ) www.cnbc.com time to read: +7 min

For the immediate economic and earnings and growth outlook, it almost seems irrelevant whether regional bank stocks rally, steady or sell off more next week. Regional banks were top of mind for investors this past week, as First Republic failed , the SPDR S & P Regional Banking ETF tumbled more than 10% — twice the five-day loss in the S & P 500 Energy Index, the hardest hit S & P sector — and lenders such as PacWest Bancorp and Western Alliance Bancorp lost billions in market value. And, for all that, the S & P 500 only fell about 0.75% this week. Now the conventional wisdom on Wall Street is that regardless of how the regional bank stocks trade, it's a given that bank lending officers are going to pull in their horns and risk management desks will grow more risk averse. But stocks still face a host of issues, none of which are going away next week.

☆ Here are Thursday's biggest analyst calls: Apple, Meta, Amazon, Ford, Activision Blizzard & more
▼ + stars: | 2023-04-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Thursday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it remains "torn" on Apple heading into earnings next week. Morgan Stanley reiterates Meta as overweight Morgan Stanley raised its price target on the AI beneficiary to $300 per share from $250 after the company's earnings report Wednesday. " Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating heading into earnings next week. Citi reiterates Amazon as buy Citi said it's bullish on the e-commerce giant heading into earnings on Thursday after the bell. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said the stock is one of the firm's top picks heading into earnings in May.

☆ Shares of this Swedish EV maker could nearly double, Cantor Fitzgerald says
▼ + stars: | 2023-04-27 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Investors should consider buying Polestar Automotive as electric vehicle demand ramps up, according to Cantor Fitzgerald. PSNY 1D mountain Polestar Automotive shares 1-day Polestar is based in Sweden and started as a joint venture between the country's Volvo and China's Geely in 2017. Polestar shares dropped 54% in 2022, and are down about 35% this year. Polestar shares are up more than 2% during Thursday trading. "The company reported annual revenue of ~$2.5B in 2022, after delivering 51,491 vehicles (above company guidance of 50,000)," Sheppard wrote.

☆ The upcoming North Carolina gubernatorial election could be another flashpoint in the nation's sharply divided politics
▼ + stars: | 2023-04-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

North Carolina GOP Lt. Gov. The 2024 gubernatorial race could feature two major forces in North Carolina government — Democratic state Attorney General Josh Stein and Republican Lt. Gov. "I'm running for governor because we the people of North Carolina need someone who understands us," he told his supporters. Roy Cooper has been an institution in North Carolina Democratic politics. North Carolina State Treasurer Dale Folwell is already in the race, and former Rep. Mark Walker is expected to enter the contest soon.

☆ SEC's Gensler in congressional hot seat today over climate change and crypto
▼ + stars: | 2023-04-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The House Financial Services Committee will hold a hearing on oversight of the Securities and Exchange Commission this morning. That's because SEC Chair Gary Gensler has aroused the ire of many in corporate America over his 50+ list of new regulatory proposals the SEC is scheduled to vote on this year. "Chair Gensler has identified a range of 50-55 regulatory priorities since the start of his tenure, and has already proposed twice as many rules as his predecessor in just half the time." "The vast majority of crypto tokens are securities," Gensler declared in his written testimony to the House Financial Services Committee. "SEC Chair Gensler is long overdue to testify before the House Financial Services Committee," Rep. French Hill (R.-Ark), Vice Chairman of the House Financial Services Committee, said in a statement released to CNBC.

☆ 130 Regal, Eastgate, and other movie theaters could close in the US — see the list of those already shuttering
▼ + stars: | 2023-04-11 | by ( Travis Clark | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Cineworld has sought to exit its leases for 130 theaters in the US. A bankruptcy court in Texas has already approved its plan to walk away from 47 of those locations. Cineworld filed for Chapter 11 bankruptcy in September. So far, the Texas bankruptcy court overseeing the proceedings has approved the company's plan to exit 47 leases, according to court filings. The North American box office hit $7.4 billion in 2022, according to Comscore, down from over $11 billion in 2019 and 2018.

☆ In Nicole Chung’s memoir, "A Living Remedy," she blames U.S. health care for her parents' early death
▼ + stars: | 2023-04-06 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

In author Nicole Chung's new memoir, "A Living Remedy," she tells the story of watching both her parents die in the span of two years. Chung blames the country's broken health-care system, at least in part, for the fact that her father died at 67, and her mother at 68. I spoke with Chung about her grief and the state of American health care. He knew he was getting sicker, but my parents just didn't have a way to pay for the extensive care he needed. NC: After my father died, I spent months trying to figure out why I was so enraged.

☆ A North Carolina Democrat's shocking party switch may hand complete power over to the state's Republicans, report says
▼ + stars: | 2023-04-05 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

A North Carolina lawmaker is expected to switch parties in what would be a stunning turn of events. It would give the GOP a supermajority, meaning they could override the Dem governor's vetoes. As of March 2023, Cooper had issued 75 vetoes — more than all previous North Carolina governors combined — since taking office six years ago, according to The Assembly NC. From 2005 to 2009, Jerry Meek, whom Cotham married in late 2008, was the chair of the North Carolina Democratic Party. According to the North Carolina political blog Watauga Watch, Cotham and Meek are no longer married.

☆ Stocks making the biggest midday moves: Coinbase, First Citizens, Roku and more
▼ + stars: | 2023-03-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

First Citizens BancShares — The Raleigh, NC-based bank soared 50% after agreeing to buy Silicon Valley Bank's deposits and loans. Roku — Shares of the media platform jumped more than 4% after Susquehanna upgraded it to positive from neutral. The Wall Street firm said it continues to see Roku as "a prime beneficiary of the secular shift of linear budgets." It reaffirmed revenue of $2.95 billion to $3 billion, compared to $3 billion expected by analysts, per StreetAccount. Marqeta — The payments stock jumped nearly 10% after Wolfe Research upgraded it to outperform from peer perform.

☆ First Citizens just bought Silicon Valley Bank – here's everything you need to know about the latest twist in the banking turmoil
▼ + stars: | 2023-03-27 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

First Citizens Bank agreed to buy most of Silicon Valley Bank on Sunday. The Raleigh, NC-based bank has taken over 17 branches of SVB, $119 billion of its deposits and $72 billion worth of loans. Here's everything you need to know about the latest twist in the US's regional banking turmoil. First Citizens Bank has agreed to buy SVB, according to a statement released on Sunday by the Federal Deposit Insurance Corporation. It'll also receive benefits tied to First Citizens' share price, which it estimated could be worth around $500 million.

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