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In fact, the S & P 500 is on pace for a winning September — its first since 2019 — with a gain of more than 1%. The month is typically the worst stretch of the year on average for all three major averages and the Russell 2000, according to the Stock Trader's Almanac. Some of September's strength could be attributed to the Federal Reserve's supersized rate cut last week . The S & P 500 notched a fresh record close on Monday and an intraday all-time high on Tuesday. The benchmark S & P 500 typically pulls back nearly 1% on average in October in election years, per the Stock Trader's Almanac.
Persons: , Russell, Gary Pzegeo Organizations: Federal, CIBC Private Wealth Management
Twice in my life, I've attempted to retire, and both times, I've been tempted back into full-time work. Both my husband and I had done very well in our jobs, so I was fortunate enough to be able to retire early. By the age of 40, I'd worked my way to the top as a financial planner. AdvertisementDuring my second attempt at retirement, I realized how much I loved working with clientsThen, I really lost my mojo for work. While this adventure was exhilarating, I ultimately realized I missed being at home near loved ones and, most of all, working with clients.
Persons: , Chris Childs, I've, I'd, We'd, wasn't, I'm, David, He'd Organizations: Service, Business, mojo Locations: Australia, Italy, France, England
Elliott Management said Tuesday it will call a special meeting at Southwest Airlines "as soon as next week," shortly after the company put forward a sweeping board shakeup that it hoped might stave off a proxy fight. The push comes days before the airline's investor meeting, where it is expected to unveil improvements and operating changes. Southwest's shareholder meeting is typically scheduled for May, but by calling for a special meeting Elliott is looking to elect new directors much sooner than that. Earlier this month, executive chairman and former CEO Gary Kelly said he would step down after the carrier's shareholder meeting next year. "The need for change is urgent, and our request for a special meeting may come as soon as next week," Pike and Xu said.
Persons: Elliott, Bob Jordan, Gary Kelly, John Pike, Bobby Xu, Pike, Xu, Andrew Watterson, Robert Jordan Organizations: Elliott Management, Southwest Airlines, Airlines, Aircraft Mechanics Fraternal Association
Read previewOn Tuesday, a judge will decide what sentence to give Caroline Ellison, who pleaded guilty to conspiring with Sam Bankman-Fried in an $11 billion fraud scheme. Ellison's sentencing sets up a high-stakes balancing test. She still participated in a massive fraud scheme, after all, the value of which he put at $11 billion. Ellison was the SBF trial's star witnessEllison pleaded guilty to fraud and money laundering for her role in the FTX scandal. Because the Bankman-Fried case went to trial, Kaplan has a lot of information at his disposal when deciding Ellison's sentence.
Persons: , Caroline Ellison, Sam Bankman, Lewis Kaplan, Bankman, Fried, Ellison, Kaplan, FTX, cooperators, Sarah Krissoff, Cozen O'Connor, Joshua Naftalis, That's, Naftalis, Fried JANE ROSENBERG, John J, Ray III, Ryan Salame, Salame's, Gary Wang, Nishad Singh, Ellison's, Krissoff Organizations: Service, Business, Alameda Research, LLP, Prosecutors, Fried JANE ROSENBERG Prosecutors, Securities Exchange Commission, Commodity Futures Trading Commission, Government, MIT, Bankman Locations: Bankman, Manhattan, Alameda, New York, Brooklyn
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Patrick McHenry: SEC hearing is the result of four years of mismanagementHouse Financial Services Committee chairman Rep. Patrick McHenry (R-N.C.) joins ‘Squawk Box’ to discuss what he is hoping for in today's hearing with SEC Chair Gary Gensler, how the election could change the agency, and more.
Persons: Patrick McHenry, Gary Gensler Organizations: SEC, Financial Services
New York CNN —A year ago, Caroline Ellison was preparing to testify against her former boss and ex-boyfriend in one of the biggest fraud trials in US history. Ellison, who ran Alameda, pleaded guilty to seven federal counts of fraud and conspiracy shortly after FTX’s collapse. A jury last year convicted former crypto billionaire Sam Bankman-Fried on multiple counts of federal fraud and conspiracy. Over three days on the stand, Ellison, who is 29, repeatedly reinforced that throughout her years at Alameda, the buck stopped with Bankman-Fried. While sentencing is entirely up to Judge Kaplan’s discretion, legal experts say it’s highly unlikely Ellison will end up in prison.
Persons: CNN Business ’, Caroline Ellison, she’ll, FTX, Ellison, Sam Bankman, Lewis Kaplan, Ellison’s candor, Angela Weiss, “ Sam, , Dennis Kelleher, , Kaplan’s, Jordan Estes, Kramer Levin, Josh Naftalis, Kaplan, Pallas, Ryan Salame, Nishad Singh, Gary Wang Organizations: CNN Business, New York CNN, Alameda Research, Getty, Better, of, New, Bankman Locations: New York, Alameda, Bankman, of New York
Southwest Airlines has warned employees that it will have to make “difficult decisions” ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which has sought leadership changes at the company. Southwest over the summer announced a host of major changes to its more than 50-year-old business model to drum up revenue. It plans to ditch open seating for assigned seats, offer seats with more legroom that fetch a higher fare and start red-eye flights. We also have to change our network,” Watterson said in the video, a transcript of which was seen by CNBC. Southwest did not immediately comment on the staff message.
Persons: Andrew Watterson, , ” Watterson, Elliott, Gary Kelly Organizations: Southwest Airlines, Elliott Investment Management, Google, CNBC, JetBlue, Southwest, Wing Locations: It’s, Dallas
Not all of them make it to 100, but they do tend to enjoy relatively good health for longer than most people in the US. He has developed a two-part weekly plan for his own brain health based on his own research. AdvertisementThis doesn't mean that the average meat-eater's diet is a boon for brain health. It doesn't tend to include much of any red meat or milk, but there are two core components he points to that are aimed at preserving brain health. Fatty fish, meat, and eggs are also rich in the nutrient choline.
Persons: , there's, Gary Fraser, Fraser, what's, it's, Anthony Fauci, you'd Organizations: Service, Business Locations: Linda , California, North America, Loma, California, Fraser
Not all of them make it to 100, but they do tend to enjoy relatively good health for longer than most people in the US. He has developed a two-part weekly plan for his own brain health based on his own research. AdvertisementThis doesn't mean that the average meat-eater's diet is a boon for brain health. Fatty fish, meat, and eggs are also rich in the nutrient choline. Plus, in addition to being good for bone health, there is some evidence that vitamin D is good for preserving brain function.
Persons: , there's, Gary Fraser, Fraser, what's, it's, Anthony Fauci, you'd Organizations: Service, Business Locations: Linda , California, North America, Loma, California, Fraser
Southwest Airlines has warned employees that it will have to make "difficult decisions" ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which has sought leadership changes at the company. Southwest over the summer announced a host of major changes to its more than 50-year-old business model to drum up revenue. It plans to ditch open seating for assigned seats, offer seats with more legroom that fetch a higher fare and start red-eye flights. We also have to change our network," Watterson said in the video, a transcript of which was seen by CNBC. Southwest did not immediately comment on the staff message.
Persons: Andrew Watterson, Watterson, Elliott, Gary Kelly Organizations: Southwest Airlines, Elliott Investment Management, Google, CNBC, JetBlue, Southwest, Wing Locations: It's, Dallas
Stocks ranging from L3Harris to Burlington could benefit from either a Trump or Harris victory this fall, according to Barclays. The analyst highlighted several overweight-rated stocks the firm expects are best-positioned to benefit from either a Trump or Harris election victory. Defense contractor L3Harris Technologies is another Trump election play. The stock, which is up about 9.1% this year, could gain another 15.4%, according to Barclay's price target. Barclays' price target of $327 implies 20.6% potential upside.
Persons: Harris, Terence Malone, Malone, Donald Trump, Kamala Harris, Trump, Gary Gensler, Bitcoin, Bernstein, Centene, bode, homebuilder D.R, Horton Organizations: Trump, Barclays, Bitcoin, Securities, Exchange, Liberty, Wednesday, Defense, L3Harris Technologies, UnitedHealth, Biden, Democratic Party, Affordable, Burlington Locations: L3Harris, Burlington, Nashville, MicroStrategy, U.S, It's
Opinion | Why Trump Can’t Shake Project 2025
  + stars: | 2024-09-22 | by ( Ezra Klein | ) www.nytimes.com   time to read: +3 min
That, after all, is what Project 2025 was actually meant to be. When he said, during his debate with Kamala Harris, that he hadn’t read Project 2025 and has no intention of doing so, I believed him. But Project 2025 — and much else like it that has gotten less press — is more than a compendium of policy proposals: It is an effort to build a deep state of Trump’s own. This is the problem groups like Project 2025 set out to solve. Behind the policy playbook sits a database of around 20,000 applicants ready to be part of the next Trump administration.
Persons: Donald Trump, Trump, Kamala Harris, Coke, It’s, Mike Pence, Reince, MAGA, Steve Bannon, Stephen Miller, Nikki Haley, Jared Kushner, Gary Cohn, Read, Katy Talento, playbook, Organizations: Fox, Friends, H.R, McMaster, Council, Republican Locations: Washington
SINGAPORE — Anthony Scaramucci, founder and managing partner of SkyBridge Capital, said he and a group of crypto advocates are working with U.S. Vice President Kamala Harris to develop her campaign's policies on digital assets ahead of the elections in November. "There's a group of cryptocurrency advocates, bitcoin advocates etc. Harris has been hearing out crypto proponents and we are pushing her to back industry-friendly policies, he said, adding that the vice president even has some of these talks lined up for this week. "I believe that we are making progress, and I think it's going in the right direction," Scaramucci said. Last year in an interview with NBC News' Chuck Todd, Scaramucci called his former boss "a grifter."
Persons: Anthony Scaramucci, Kamala Harris, bitcoin, Elizabeth Warren, Gary Gensler, Warren, Harris, Scaramucci, Donald Trump's, Trump, Chuck Todd Organizations: SINGAPORE, SkyBridge, U.S, Democratic Party, Democratic, U.S . Securities, Exchange Commission, White House, NBC News
RH CEO Gary Friedman sits down with Jim Cramer
  + stars: | 2024-09-20 | by ( Jim Cramer | ) 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 EmailRH CEO Gary Friedman sits down with Jim CramerRH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly results, global growth, the state of the housing market and more.
Persons: Gary Friedman, Jim Cramer
RH CEO Gary Friedman told CNBC's Jim Cramer on Friday why the upscale home furnishing retailer doesn't have any official social media accounts, saying paid promotions by online influencers aren't authentic. And, you know, having fake fans and people you pay talk about you on Instagram or TikTok or whatnot, it's not the truth." Friedman conceded that social media has exploded, and "the digital visualization and connectivity is real." However, he said that if consumers aren't interested in our showing enthusiasm for the brand, RH should do better work, not pay others to talk about the company. He claimed that RH still has a solid presence online, but not because of paid influencing or social media marketing on the company's part.
Persons: Gary Friedman, CNBC's Jim Cramer, Friedman, it's, RH, There's Locations: London, Paris, Milan, Madrid, U.S, North Carolina
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRH is the biggest importer of Italian sofas in America, says CEO Gary FriedmanRH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly results, global growth, the state of the housing market and more.
Persons: Gary Friedman, Jim Cramer Locations: Italian, America
He was still at large in July 2021, when he took part in a fight in Salt Lake City that left another man dead. He’d been living in a park in downtown Salt Lake City, and he’d decided to cook for his hungry new friends. The Salt Lake City Police Department also declined, even though its investigation into Senn’s death was complete. In recent years he appeared to split his time between Chicago and Salt Lake City. Mark Peterson/ReduxReturning to Salt Lake City by unknown methods, Banuelos resumed his frequent appearances in local police reports.
Persons: John Banuelos, ” “, ” — Derrick Evans, Banuelos, Christopher Senn, Victoria Thomas, “ Chris, , John, he’s, he’d, Chris Senn, John Banuelos Long, Chris, Chris ’, Gabe Hamilton, Thomas, Taylorsville, ” Christopher Senn, Victoria Thomas Chris, they’re, Randall, Talisha, Toro, , ” Victoria, , vaping, ” Banuelos, Michael Lawlor, George Floyd, Trump’s, I’m, Donald Trump, Mark Peterson, ‘ He’ll, , Senn, ‘ I’m, FBI hasn’t, John Banuelos “, Steven Parisot, Det, Weldon Wilson, ” Parisot, ” Wilson, Banuelos wasn’t, Sim Gill, … He’s, Gill, Rick Bowmer, ” Gill, that’s, “ Banuelos, Gary Wickersham, Rebecca Lavrenz, Grandma, Lavrenz, , Derrick Evans, who’d, Evans, Will Price, ” Evans, “ …, hadn’t, Tanya Chutkan, Chutkan, Judge Chutkan, Trump, He’d, ” Chutkan, “ I’ve, Lawlor, ” Lawlor, ” Victoria Thomas, Victoria, Christopher Senn's, Victoria Thomas “, — Victoria Thomas, ” Randall Organizations: CNN, Capitol, FBI, Banuelos, Chicago Police Department, Independence, Salt Lake City —, U.S, Attorney’s, District of Columbia, Salt Lake City Police Department, DC, Federal Bureau of Prisons, Salt Lake City . Chicago Police Department, Police, U.S . Capitol, TRUMP, Trump, Salt Lake City, National Threat Operations Center, Vice News, Liberty, ” Police, KUTV, KSL, NBC, Army, Congress, West Virginia House, West, West Virginia Legislative, Justice Department Locations: Salt Lake City, Senn, Illinois, Liberty, Utah, Randall’s, Victoria, Salt Lake, Chicago, Burger, Washington, Banuelos, Salt Lake County, Colorado, West Virginia, , Salt, Valley, Provo , Utah
The cultural shift has spawned a booming business in divorce photography not only for Tan, but also for other photographers hoping to profit. Photos shared on Chinese social media Xiaohongshu show some couples signing their divorce papers, while others pose with their divorce certificate. Happy divorce,” one user wrote alongside a photo of her marriage and divorce certificates side by side. “It is not shameful to be brave enough to divorce,” Tan said. Faces on old wedding photos are spray-painted, to ensure privacy is respected, before being tossed into a crusher along with other tokens of memories.
Persons: Tan, ” Tan, , Peng Xiujian, , Peng, it’s, Liu Wei, Liu, Justin Robertson, ” Liu, he’s, Gary Ng, “ I’ll, Organizations: Hong Kong CNN, China’s National Bureau of Statistics, Companies, Victoria University, CNN Locations: Beijing, Hong Kong, Henan, China, Australia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer NEC Director Gary Cohn: The Fed is on the other side of their dual mandateGary Cohn, IBM vice chairman and former National Economic Council Director under President Trump, and Jay Clayton, Apollo non-executive chairman and former SEC Chairman, join 'Squawk Box' to discuss the Fed's interest rate decision, state of the economy, and more.
Persons: Gary Cohn, Trump, Jay Clayton, Apollo Organizations: NEC, IBM, National Economic, SEC
His new home is a notorious federal jail in New York City known for extreme violence and abominable medical care. Still, the conditions are horrid across the facility, according to interviews with more than a half-dozen defense lawyers and a review of court documents. “The agency as a whole has failed to assist MDC Brooklyn with the staffing crisis, hence allowing MDC Brooklyn to fail,” the union head, Rhonda Barnwell, wrote in a memo to Bureau of Prisons officials in June 2023. "That is why, earlier this year, the director appointed an Urgent Action Team to take a holistic look at the challenges at MDC Brooklyn," the spokesman added. A statute in the federal court system requires defendants who are out on bail to be remanded to jail after they are convicted.
Persons: Sean, Diddy, Combs, Gary Brown, Sam Bankman, Kelly, Ghislaine Maxwell, , Xavier Donaldson, , Jeffrey Epstein’s, Rhonda Barnwell, Luis Rivas, Uriel Whyte, Edwin Cordero, Mr, Cordero, Andrew Dalack, Terrence Wise, wasn’t, LaShann DeArcy, Jonathan Goulbourne, Jesse Furman, Furman, Judge Brown, Brown, Daniel Collucci, Richard Kestenbaum Organizations: Metropolitan Detention, MDC, District, Justice Department, Metropolitan Correctional Center, Brooklyn, MDC Brooklyn, of Prisons, NBC News, . Justice, Urgent, New York Daily News Locations: New York City, Brooklyn, U.S, New York, Queens , New York,
The SEC on Wednesday approved a change that will allow some stocks to be quoted in half-penny increments. The measure will narrow bid-ask spreads and reduce costs for investors, the SEC said. AdvertisementThe US Securities and Exchange Commission has revamped how stocks get priced in an effort to reduce costs on investors. On Wednesday, the SEC voted to adjust market rules, so that some stocks will be quoted in increments of $0.005. AdvertisementPrior to Wednesday's vote, stocks had been priced at a one-penny minimum since 2005.
Persons: , Gary Gensler, Gensler Organizations: SEC, Service, US Securities and Exchange Commission, Reuters, Ford, Wall, Commission
I turn 40 next March, so I'm at the age where I'm relatively often asked when I'll have kids. I'm childless because of my choices, and I'm happy this wayI say I'm not childless by choice, but I'm happily childless by the choices I've made in life. AdvertisementJodie Humphries is child-free and wishes people would stop telling people she'll regret not having kids. Courtesy of Jodie HumphriesI don't think people should assume women will regret not having kidsThose same older female relatives will say I'll regret not having my own children. Having kids isn't a duty I need to fulfill as a woman; it should be a decision made thoughtfully and wholeheartedly.
Persons: , Jodie Humphries, I'm, haven't, I've, it'd, I'd, that's, We've, don't Organizations: Service, Business
Even as teenagers, the three Alexander brothers were notorious for being predatory, according to multiple people who knew them at the time. AdvertisementHofeldt said she'd seen the Alexander brothers around at parties before she met them during the 2003-2004 school year. Several months after the assault, Hofeldt invited the brothers' friend Julian Cohen to her house in the middle of the night. Oren Alexander and Howard Lorber at a party at Sir Ivan's Castle in the Hamptons in July 2011. The Alexander brothers have been accused by multiple people of assaulting women in tandem on numerous occasions.
Persons: she'd, Oren, Alon Alexander, Alon, , Aaron Davidson, Alexander, Tal, Douglas Elliman, Kate Whiteman, Rebecca Mandel, Whiteman, Mandel, Angelica Parker, Renée Willett, Evan Torgan, Hunter Abrams, James, Shlomy, Orly, Michael M, Abby Hofeldt, choo, Rae Rae, Hofeldt, clotheslined, Gavin, they'd, Hofeldt's, Margo Hofeldt, Abby, Julian Cohen, Felix Cohen, Shlomy Alexander, Elliman, Douglas, Howard Lorber, Lorber, Oren Alexander, Steven Henry, Sir Ivan, Howard, Howard's, Oren's, James Ferraro, Ferraro, Ken Griffin, Bart's, Dina Goldentayer, Sean Zanni, Patrick McMullan, Barbara Fox, Beckford, Fox, Douglas Elliman's Erik Schneider, Jeff Miller, Brown Harris Stevens, Ken Griffin's, Griffin, Tal didn't, Douglas Elliman's, Gary Hershorn, Tal masturbated, texted Oren, Oren didn't, hadn't, Justin Ross Lee, he'd, Scott Roth, Lee, Matthew Peyton, Beth, Alon messaged Beth, Instagram, Beth messaged Alon, Beth Beth's, Floyd Mayweather Jr, Conor McGregor, Michael Stern, Stern, Mayweather, McGregor, Marc Patrick, what's, Sara Militello, Nicole Oge, Deanna Paul, Daniel Geiger Organizations: East Hampton, Business, Getty, Deal, FBI, Street Journal, Kent Security, Krop, High School, North Miami Beach, Miami Country Day, Miami Country Day School, Bacardi, University of Colorado, University of Maryland, Hofstra University, Sir, Hamptons, Manhattan, Forbes, Miami Beach, Douglas Elliman's, Real, New York Fashion, Art Basel, Vogue, Bath Club Estates, New York, Fox Residential, Board, New, Faena, Street, BI, Miami Herald, Tal, Peaceman Productions, UFC, Las Vegas, JDS, Brooklyn Tower, Stern of JDS, New York Post Locations: Long, Florida, Soho, Las Vegas, New York City, New York, Miami, South Florida, Orly Alexander, Israel, North Miami, Krop, Aventura, Hofeldt, Boulder, Sir Ivan's, Manhattan, Dominican Republic, Malibu, St, Brazilian, Elliman, Bath, New, Corcoran, Southampton, Water, East Hampton, Instagram, Teterboro , New Jersey, Las, Vegas, Teterboro, Brooklyn, what's
SEC Chair Gary Gensler talks approval of new trading rules
  + stars: | 2024-09-18 | 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 EmailSEC Chair Gary Gensler talks approval of new trading rulesSEC Chair Gary Gensler joins ‘The Exchange' to discuss new trading rules, possible changes to crypto regulations, and more.
Persons: Gary Gensler Organizations: SEC
For over a month, the former president and his family have been pumping up a project called World Liberty Financial, promising that it will do many things at once. He’s also part of the small group of World Liberty Financial founders, according to an internal report on the project obtained by CoinDesk. Witkoff was seated to Trump’s right during Monday night’s spaces, and described how he brought the Trump family together two crypto entrepreneurs. Alongside Trump and Witkoff, founders include Donald Trump Jr., Eric Trump and Barron Trump, as well as Witkoff’s son, Zach Witkoff, according to a person briefed by a member of the group’s founding team. CNBC reached out to Eric Trump and Witkoff to ask about their leadership roles within World Liberty, and didn’t immediately receive a reply.
Persons: Donald Trump’s “, Zak Folkman, Folkman, Trump, Gary Gensler, Steve Witkoff, Witkoff, Trump’s, He’s, , Chase Herro, I’ve, , , Eric, Don Jr, Let’s, We’ve, Donald Trump Jr, Eric Trump, Barron Trump, Zach Witkoff, CoinDesk, Barron, ” Eric, Donald Jr, didn’t, Donald Trump Organizations: Republican, Trump, Liberty Financial, Securities, Exchange, Securities and Exchange Commission, SEC, Trump International Golf Club, FBI, World Liberty Financial, CoinDesk, Witkoff, Trump Media Technology Group, NBC, , Bloomberg, Trump Organization, Liberty, CNBC, GOP Locations: West Palm Beach , Florida, Nashville
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