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☆ The Chart Master: Comparing Apple, Amazon, Alphabet, and Microsoft as Big Tech bounces back
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Chart Master: Comparing Apple, Amazon, Alphabet, and Microsoft as Big Tech bounces backCarter Worth, Worth Charting, joins 'Fast Money' to discuss Big Tech's ongoing rally and where investors should be looking long-term in the sector.

☆ The Fed would look ‘silly’ if it declares victory over inflation now, warns billionaire investor David Rubenstein
▼ + stars: | 2023-05-10 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

“It’s premature to have rate cuts this summer,” Rubenstein, the co-founder and co-chairman of The Carlyle Group, told CNN on Monday. The Fed will look silly if it declares victory at 4%,” said Rubenstein. But Wednesday’s inflation report is expected to show consumer prices are still rising at more than twice the Fed’s target. Despite pessimism on Wall Street and Main Street, Rubenstein said the US economy is “doing okay.”“This has been the most predicted recession in the history of recession predictions. “You could see the credit rating go down and interest rates go up,” said Rubenstein.

☆ Polls: Where is Trump polling today?
▼ + stars: | 2023-05-10 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

Trump is polling, on average, north of 50% in national polls of likely GOP primary voters. There are very few candidates, of either party, in nonincumbent races who were near or north of 50% in the national primary polls this early on. Trump has now opened up a 20-point advantage in the latest UNH survey among likely GOP primary voters. Of course, if it was solely the polls where Trump was ahead, that might be one thing. It will take something big to knock him off his perch at the top of the Republican polls.

Once known as Square, Block agreed in March 2021 to pay $306 million for an 87.5% stake in Tidal. The pension fund also said Dorsey, a co-founder of Block and Twitter, was Block's only top executive who supported the purchase, and bought Tidal because he and Jay-Z were friends. But in concluding that Block directors did not breach their fiduciary duties, McCormick said she could not "presume bad faith based on the merits of the deal alone." Jay-Z, the rapper and music mogul whose real name is Shawn Carter, joined San Francisco-based Block's board after the Tidal purchase and remains a director. The Delaware case was a derivative lawsuit that sought to have Block's directors or their insurers pay damages to the company for shareholders' benefit.

☆ Biden finally met with top lawmakers to discuss a debt ceiling solution — but McCarthy says there wasn't 'any new movement' as a catastrophic default inches closer
▼ + stars: | 2023-05-09 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Biden met with congressional leaders on Tuesday to discuss raising the debt ceiling. The US could default on its debt as soon as June 1 if Congress doesn't act. "I didn't see any new movement," McCarthy told reporters following the meeting. In the hours leading up to the meetings, McCarthy told Punchbowl News that "we should just get in the room and solve this thing. If Congress fails to raise the debt ceiling, Americans could experience devastating consequences.

☆ NHL roundup: Panthers win in OT, move Leafs to brink
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +3 min

The Panthers, who lead the best-of-seven set 3-0, would advance with a home win on Wednesday. Florida also got goals from Anthony Duclair and Carter Verhaeghe, and Aaron Ekblad had two assists. Maple Leafs goalie Ilya Samsonov, who stopped eight shots and allowed no goals, was injured 37 seconds into the second period. Kraken 7, Stars 2Matty Beniers, Alex Wennberg, Eeli Tolvanen and Justin Schultz each had a goal and an assist as Seattle defeated visiting Dallas in Game 3 of their Western Conference semifinal series. Five different players scored second-period goals for the Kraken, who took a 2-1 lead in the best-of-seven series.

☆ The US once had a 'mini-default' on some of its debts because of a technical glitch. The minor mistake cost billions.
▼ + stars: | 2023-05-08 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

The incident caused Treasury yields to spike up by 60 basis points or 0.6 percent and cost billions long-term. The US is now flirting with a full default as Republicans in Congress demand spending cuts in exchange for paying America's debt. "Payment delays were chiefly due to back-office technical and organizational problems," according to a report by the Congressional Research Service, a nonpartisan public policy research institute of Congress. Congress has raised the debt ceiling multiple times under previous administrations without negotiations — including under President Donald Trump. President Joe Biden has refused to negotiate over the debt ceiling, while Republicans are also holding firm on their demands.

☆ Striking Writers Guild of America members say they work second jobs in retail, food service, and more to make ends meet: 'I never know when work is going to dry up'
▼ + stars: | 2023-05-06 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Writers Guild of America members are currently on strike after their contract expired with no new deal with TV and movie studios. Many have complained of low pay, especially when writing for a show on a streaming service. Several said they applied to or were working retail jobs when they found out they were nominated for awards. Dozens of users responded and quoted the tweet with their support for Carter and other striking writers, saying they assumed writers on successful TV shows made enough to live between writing jobs. "When I got nominated for a Canadian Screen Award (Canada's Emmy) - I was applying for a job at a coffee shop.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis 22-year-old won $2 million in scholarships, graduated from Princeton and lives debt-free in NYCGabriella Carter, 22, lives debt-free in New York City. In high school and college, she won $2 million in scholarships and graduated from Princeton without student loans. Carter is the founder of Growing with Gabby, a business that helps other students secure scholarships. Last year, she made $133,000 between her business, her corporate job and interest income. Going forward, Carter plans to expand Growing with Gabby and create more content about money in general.

The young entrepreneur made waves as a teenager by scoring over $2 million in college scholarships, which allowed her to graduate debt-free from Princeton University in 2022. Through brand deals, digital products and private consultations, her business, Growing With Gabby, earned $177,000 in 2022. Gabby Carter, 22, earned $133,000 last year from her corporate job and her business, Growing with Gabby. But throughout high school and during college, she won 35 different scholarship awards totaling over $2 million — enough to graduate debt-free and with over $100,000 in savings. "That made people very curious about how I was able to have scholarship success."

☆ Iran’s New Friends: Russia and China
▼ + stars: | 2023-05-05 | by ( David S. Cloud | ) www.wsj.com time to read: 1 min

On New Year’s Eve in 1977, President Jimmy Carter rose in the glittering banquet hall of Tehran’s Niavaran Palace to toast the deep bonds between the U.S. and Iran. As Shah Mohammad Reza Pahlavi looked on, Mr. Carter showered accolades on the monarch, praising Iran’s modernizing society, attention to human rights and military power. “Iran, because of the great leadership of the Shah, is an island of stability in one of the more troubled areas of the world,” he told his host before they raised their glasses in friendship.

☆ Opinion: Why US presidential debates have lost their luster
▼ + stars: | 2023-05-05 | by ( Julian Zelizer | ) edition.cnn.com time to read: +5 min

CNN —Former President Donald Trump is considering sitting out one or both of the first two Republican primary debates, three sources told CNN. Julian Zelizer CNNMeanwhile, the Democratic National Committee (DNC) doesn’t have any primary debates scheduled – a move that helps President Joe Biden and hurts his challengers Robert F. Kennedy Jr. and Marianne Williamson. That would be a departure from the norm, since debates have been a big part of presidential politics since World War II. Meanwhile, the Republican primary debates in 2016 often felt like professional wrestling matches as Trump hammered away at a crowded field. The 2020 debates were not quite as thrilling, even though they continued to play a key role in the election.

☆ Chart Master: Worth Charting's Carter Worth says a bounce in energy sector is coming
▼ + stars: | 2023-05-05 | 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 EmailChart Master: Worth Charting's Carter Worth says a bounce in energy sector is comingCarter Worth, Worth Charting founder and CEO, joins 'Fast Money' to break down recent gains and losses in the energy sector and what is next for crude oil prices.

Prior to Russia's invasion of Ukraine in February last year, Ukraine ran its nuclear reactors on Russian fuel, producing 55% of the country's electricity. Cameco, like Energoatom, can adjust how much uranium it delivers on two years' notice, Kotin said. Contracted uranium prices are typically higher than spot prices, meaning that Cameco may take a discount if Ukraine purchases less uranium due to the war's impact, Carter said. Kotin said Energoatom will buy Cameco's uranium at a price based equally on a fixed price and a market price. BIG POTENTIAL REWARDSWhile Ukraine will rely on Cameco for uranium, it has struck separate deals for further processing.

☆ America Hits Bottom With Trump and Biden in 2024
▼ + stars: | 2023-05-04 | by ( Joseph Epstein | ) www.wsj.com time to read: +1 min

What about Joe Biden? How has it come about that the more-than-likely presidential candidates of our two political parties in 2024 turn out to be Donald Trump and Joe Biden? One can of course be a good man and a poor president. But no one would argue that either Mr. Trump or Mr. Biden is a notably good man. Each has been ethically challenged and found wanting: Mr. Trump by his long experience in the New York real-estate world, Mr. Biden by his 36 years in the Senate.

☆ LeBron James' SpringHill is circling Complex Networks as owner BuzzFeed struggles to regroup after layoffs and a stock price plunge
▼ + stars: | 2023-05-04 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

LeBron James and Maverick Carter's SpringHill has had conversations about buying BuzzFeed's Complex Networks, sources said. SpringHill Co., LeBron James and Maverick Carter's media and entertainment venture, has explored buying troubled BuzzFeed's Complex Networks, two sources familiar with the situation said. In addition to Complex Networks, BuzzFeed has HuffPost; food vertical Tasty, which includes licensed cooking products; as well as video series like travel-themed "Bring Me." Complex built long-form, host-driven video series like "Hot Ones" and "Sneaker Shopping" into high-profile brands in their own right. SpringHill Co. is a rollup including SpringHill Entertainment, which Carter founded with LeBron James, his childhood friend.

☆ DMac ignites another All Blacks flyhalf debate
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +3 min

May 3 (Reuters) - New Zealand could be gearing up for another heated flyhalf debate heading into the World Cup with Damian McKenzie staking a strong claim to the All Blacks number 10 shirt with his form for the high-flying Waikato Chiefs. Three-times World Player of the Year Dan Carter, when fit, killed the debate for the best part of a decade until he retired after New Zealand won their third World Cup in 2015. The return of McKenzie from Japan at the start of the Super Rugby Pacific season, however, threatens to send the debate into overdrive. "He's shown a lot of maturity in his decision making," All Blacks coach Ian Foster told Stuff media recently. "I think he would say that he's still not the finished product, but I think he's had a major impact on the competition.

☆ Meet Kim Posnett, the powerful Goldman Sachs dealmaker who was just named head of the investment bank's TMT unit
▼ + stars: | 2023-05-03 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

Kim Posnett was just named head of Goldman's all-important TMT investment banking group. Posnett, 43, has long been one of the most senior figures at Goldman's investment bank. Posnett was previously the head of Goldman's investment-banking services unit, which acts as a salesforce for the global IB division. The former co-head of Goldman's TMT franchise will become co-chairman of the unit. The former would result in the IB services group, which functions, in effect, as a sales force.

☆ Panthers stun Maple Leafs to draw first blood in playoff series
▼ + stars: | 2023-05-03 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

Mandatory Credit: Dan Hamilton-USA TODAY SportsTORONTO, May 2 (Reuters) - The Florida Panthers spoiled the Toronto Maple Leafs' long-awaited return to the second round of the Stanley Cup playoffs on Tuesday with a 4-2 victory in the opener of their best-of-seven series. From the moment Toronto sealed their place in the second round there has been a palpable buzz all around the city. The Leafs' win over Tampa Bay in the first round had snapped a 19-year playoff series win drought, which was the longest active such streak in the NHL, but the Panthers brought Leafs' fans crashing down to Earth at Scotiabank Arena. So I think those are the kind of things that just happened a step quicker tonight than it was in the previous series. The Panthers doubled their lead eight minutes into the second period when Sam Bennett tipped in Aaron Ekblad's shot from the point.

☆ Goldman Sachs is making a slew of leadership changes in its investment bank. See the key moves here.
▼ + stars: | 2023-05-03 | by ( Carter Johnson | ) www.businessinsider.com time to read: +3 min

Goldman has internally announced a slew of leadership changes in its investment bank. Goldman's Aasem Khalil will take on Posnett's role as global head of investment banking services. A fresh face will now lead one of Wall Street's most powerful investment banking groups. She ultimately served as co-COO of TMT and head of Internet investment banking before being appointed head of investment banking services. Succeeding Posnett as head of global investment banking services is Aasem Khalil, a Goldman partner and 26-year veteran of the Wall Street bank.

☆ Bank of America's top information-security exec is taking on a brand-new role at the bank focused on the developer experience
▼ + stars: | 2023-05-03 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +3 min

Kristopher Fador is Bank of America's new chief information security officer, succeeding Froelich. Craig Froelich is taking the helm as the chief information officer of architecture, developer experience, and policy, a newly created role at Bank of America. Froelich previously served as chief information security officer for the nation's second-largest bank, a role he held for more than eight years. He also spent time in Hong Kong for BofA, leading regional information security teams, according to his LinkedIn. At Goldman Sachs, for example, CIO Marco Argenti has made developer experience a key focus of his strategy.

☆ 5 Minutes That Will Make You Love Herbie Hancock
▼ + stars: | 2023-05-03 | by ( Marcus J. Moore | ) www.nytimes.com time to read: +2 min

Now, we’re turning to Herbie Hancock, the groundbreaking pianist and composer who emerged in jazz as something of a prodigy. His career took off after the trumpeter Donald Byrd asked Hancock to play in his quintet. By the early ’70s, Hancock had all but abandoned jazz for funk and ambient textures, and released challenging music that didn’t fit one box in particular. In 1973, he released his biggest album, “Head Hunters,” a propulsive funk odyssey that went platinum and led to Hancock playing to huge crowds. Below, we asked 11 musicians, writers and critics to share their favorite Hancock songs.

☆ Don't let the patriotic talk fool you. Here are 5 ways JPMorgan stands to win from buying First Republic Bank.
▼ + stars: | 2023-05-01 | by ( Emmalyse Brownstein | Carter Johnson | ) www.businessinsider.com time to read: +8 min

JPMorgan on Monday morning emerged as the white-knight buyer of First Republic Bank. More wealth advisors for high-net-worth clientsJPMorgan's wealth management ambitions will also get a boost from its purchase of First Republic. The smaller bank has about 150 high-end advisors who will join JPMorgan's brokerage business unit, JPMorgan Advisors. "If they can retain the wealth advisors and not lose too many more, I think it will be very advantageous. "This helps bring the bank crisis phase to the home stretch in our view," wrote Wells Fargo's Mayo.

☆ Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more
▼ + stars: | 2023-05-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

NEW YORK, NEW YORK - APRIL 24: A person walks past a First Republic bank branch in Manhattan on April 24, 2023 in New York City. First Republic , JPMorgan Chase — First Republic shares and were halted after JPMorgan Chase acquired the ailing bank and most of its assets after regulators seized control. General Motors — The automaker gained 2% after Morgan Stanley upgraded General Motors to overweight from equal weight and called the stock oversold. — Regional bank stocks were volatile on Monday as investors reacted to the seizure and sale of First Republic Bank over the weekend. However, management said on the company earnings call Monday that demand for loans originating from the fourth quarter would see a lower monetization level due to higher interest.

☆ Florida Panthers Upset Record-Setting Boston Bruins
▼ + stars: | 2023-04-30 | by ( Evan Easterling | ) www.nytimes.com time to read: +1 min

These Boston Bruins have not been accustomed to losing streaks. during the regular season, winning 65 games, a single-season record; claiming the Presidents’ Trophy with a league-high of 135 points, 22 points clear of every other team; and outscoring their opponents by 128 goals. But after all that winning, a three-game losing streak, just their second of the season, came at an inopportune time. The Florida Panthers defeated the Bruins, 4-3, in overtime of Game 7 of their first-round playoff series on Sunday night in Boston to complete a rare comeback from a 3-1 series deficit. And they did so against some of the most formidable opposition in the league’s 106-year history: The Bruins had 43 more points than the Panthers did in the regular season.

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