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☆ Analysts bail on Starbucks with 2 downgrades, slashed price targets. 'Stunning across-the-board miss,' says Blair
▼ + stars: | 2024-05-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

But Deutsche kept its $89 price target, which suggests the stock could gain just 0.6%, as of Tuesday's close. Starbucks stock hasn't logged a positive year since 2021. Bank of America's Sara Senatore maintained her buy rating and $108 price target, which implies roughly 22% potential upside — a fairly bullish aim compared with other firms. Underpinning Senatore's stance is her expectation that Starbucks' earnings growth will reaccelerate in 2025, fueled by traffic-driving initiatives, such as more menu innovation and operational improvements. JPMorgan analyst John Ivankoe kept his overweight rating but moved his price target lower to $92 from $100.

Persons: William Blair, Sharon Zackfia, Zackfia, Lauren Silberman, Deutsche, Wells, Bank of America's Sara Senatore, Laxman Narasimhan, John Ivankoe Organizations: Starbucks, Deutsche Bank, JPMorgan, UBS, Bank of America, Bank of America's Locations: Tuesday's, U.S, China, Wells Fargo, Israel

☆ Columbia Said It Had ‘No Choice’ but to Call the Police
▼ + stars: | 2024-05-01 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Exactly 56 years to the day after the 1968 student occupation at Columbia University was violently cleared by the New York Police Department, hundreds of police officers moved into the Manhattan campus on Tuesday night to quell a different kind of antiwar protest. Dozens of pro-Palestinian demonstrators were arrested as police officers entered Columbia’s main campus, which was on lockdown, and cleared Hamilton Hall of a group who had broken in and occupied it the night before. It was a dizzying and, to many students and faculty, disturbing 24 hours on campus. Last time, students were protesting the Vietnam War and Columbia’s plans to expand its campus into Harlem. Both times, the students had occupied Hamilton Hall.

Organizations: Columbia University, New York Police Department, Hamilton, of, Hamilton Hall Locations: Manhattan, Columbia’s, Vietnam, Harlem, Gaza, Israel

☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
▼ + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +13 min

Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.

Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton

☆ Columbia Tells Protesters to Clear Out Encampment or Face Suspension
▼ + stars: | 2024-04-29 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Columbia University has given students until 2 p.m. on Monday to clear out from the pro-Palestinian encampment that has occupied a central lawn on its campus for nearly two weeks, warning them that they will face immediate suspension if they do not leave by then. Students in the encampment on Monday morning received a notice from administrators stating that negotiations with student protest leaders were at an impasse. It urged the students to clear out voluntarily to allow the school to prepare the lawn for graduation ceremonies on May 15. “The current unauthorized encampment and disruption on Columbia University’s campus is creating an unwelcoming environment for members of our community,” the notice stated. “Please promptly gather your belongings and leave the encampment.”

Persons: “ Organizations: Columbia University, Police Department, Columbia Locations: Columbia

☆ A Match Made in MAGA: How a Friendship Helped J.D. Vance Land on Trump’s V.P. List
▼ + stars: | 2024-04-27 | by ( Sharon Lafraniere | ) www.nytimes.com time to read: +1 min

He had publicly called Mr. Trump “loathsome” and an “idiot.” Once, he described him as “cultural heroin.”Then came an unexpected lifeline. “Enough with the lies being told about this guy,” Donald Trump Jr., the former president’s son, wrote on Twitter, assuring his followers that Mr. Vance had become a fan of his father. A month later, encouraged by his son, the elder Mr. Trump endorsed Mr. Vance. Today, Mr. Vance is one of the former president’s most reliable allies and a leader of a band of Republicans pushing Senate Republicans to the right. And his star has only continued to rise: Mr. Vance is on the list of Mr. Trump’s possible running mates, according to two people familiar with the discussions.

Persons: Donald J, Trump, J.D, Vance, ” Donald Trump Jr Organizations: Republican, Twitter, Republicans Locations: Ohio

☆ Don't believe these money misconceptions: 3 things to know that can help improve your finances
▼ + stars: | 2024-04-25 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +4 min

Part of the problem: People continue to believe common misconceptions about managing and investing their money. When it comes to your retirement savings, target-date funds can be another smart option. Young couple managing finance and investment online, analyzing stock market trades with mobile app on laptop and smartphone. "People feel like, I can get a higher return with no risk … but basically, a higher return is always a reward for higher risk." There's almost no risk to money in federally insured deposit accounts, unlike investments that are subject to the daily changes in the stock, which can result in much higher risk.

Persons: Witthaya, Annamaria Lusardi, Paul Yakoboski, Young, Lusardi, There's Organizations: TIAA, Global Financial, Stanford Institute for Economic Policy Research, TIAA Institute, Target, CNBC, Financial Wellness, Board Locations: U.S

☆ I went on 2 of Royal Caribbean's largest and newest cruise ships. I enjoyed them, but they're not for everyone.
▼ + stars: | 2024-04-23 | by ( Brittany Chang | ) www.businessinsider.com time to read: +5 min

And if you're looking for high-end sailing to unique destinations, I'd suggest avoiding Royal Caribbean's mega-ships. Brittany Chang/Business InsiderAccording to its current expansion plan, by 2028, about a third of Royal Caribbean's fleet will consist of mega-ships. Wonder of the Seas (left) and Icon of the Seas (right) both have Sorrento's, a complimentary grab-and-go pizza shop. If you plan on cruising with your children — and if they, like me, love activities like rock climbing and mini-golfing — Royal Caribbean's mega-ships could be your best option. After all, like most of Royal Caribbean's largest vessels, both Icon and Wonder are exclusively sailing in the Caribbeans.

Persons: —, Brittany Chang, I've, Sharon Yattaw Organizations: Service, Oceania Cruises, Business, Royal, Regent Seven Locations: Royal Caribbean, CocoCay, Polynesia, Caribbean, Oceania

☆ 73% of U.S. workers feel well paid, CNBC Workforce Survey finds
▼ + stars: | 2024-04-23 | 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 Email73% of U.S. workers feel well paid, CNBC Workforce Survey findsCNBC’s Sharon Epperson joins 'Power Lunch' to discuss the findings from the CNBC Workforce Survey.

Persons: CNBC’s Sharon Epperson Organizations: CNBC, Survey, CNBC Workforce Survey

☆ Inside the Week That Shook Columbia University
▼ + stars: | 2024-04-23 | by ( Nicholas Fandos | Sharon Otterman | ) www.nytimes.com time to read: +1 min

Just after 2 p.m. last Wednesday, Nemat Shafik, the president of Columbia University, stepped out of an office building on Capitol Hill and into an idling black SUV. She had just endured an intense grilling by a congressional committee investigating antisemitism on elite college campuses. For a university trying to reassure Congress that it was getting its campus under control, the timing could scarcely have been worse. The secretive deliberations that followed over 24 frantic hours have sent Columbia into a crisis over free speech and safety unlike any the campus has seen since 1968. The events also set off a chain reaction rattling campuses across the country, just as one of the most trying academic years in memory neared its end.

Persons: Nemat Shafik, Shafik Organizations: Columbia University, Palestinian Locations: Columbia

Some students wore kaffiyehs, the traditional Palestinian scarf, while others wore Jewish skullcaps. They distributed handmade Haggadahs — prayer books for the Passover holiday — and read prayers in Hebrew, keeping to the traditional order. But there were also there were changes and additions, like a watermelon on the Seder plate to represent the flag of Palestine. There were repeated references to the suffering of the Palestinian people and the need to ensure their liberation. There was grape juice instead of wine to respect the alcohol-free encampment, which was started last Wednesday and, despite a police crackdown last week, was stretching into its sixth day.

Organizations: Columbia Locations: Palestine

☆ A City Tries to Measure the Violence It’s Preventing
▼ + stars: | 2024-04-22 | by ( Mark Obbie | ) www.nytimes.com time to read: +31 min

Headway A City Tries to Measure the Violence It’s Preventing In Baton Rouge, a public safety experiment could help to answer a critical question: Do community efforts to reduce street violence work? Like Ms. Robinson, Ms. Tate-Alexander, 48, raised her family in Baton Rouge. Baton Rouge became the first city outside New Jersey to be tutored in the Newark method. Calming the urge to retaliateBy June 2021, when Ms. Tate-Alexander started assembling the street team, Ms. Robinson joined up. At first, Ms. Robinson and Ms. Tate-Alexander seemed wary when I asked about him.

Persons: Angel Hawkins, Liz Robinson, Sateria Tate, Alexander, Tamikka, Liz, Louis Robinson’s, Louis Jr, Robinson, “, ‘, ’ ”, Louis, Louis BadAzz, —, Louis Robinson Jr, ’, Murphy Paul, Paul, Sharon Weston Broome, Alton Sterling, ”, Karan Deep Singh, Kathleen Flynn, Biden, Nina Revoyr, Ms, Tate, Aqeela Sherrills, Sherrills, Terrell, Mr, Aqeela, Courtney Scott, . Tate, ” Ms, Gerald Haynes, Haynes, hotheads, Khoury Brown, Geaux, he’s, Geaux Yella, Darius Crockett, Crockett, Kayla Atkins, Markel, Atkins, ” Mr, “ I’m, “ I’ll, ” Markel, Atkins’s, Gary Slutkin, Jeffrey A, Butts, John Jay, Dr, Scott, “ We’re, It’s, They’ll, that’s, interventionists, Stacy Adams fedora, George Floyd, Weeks, brutalized, Paul’s, Thomas S, Morse, Dy’Lan Fillmore, Mitchell, Fillmore, Robinson’s Organizations: The New York Times, Army, Louisiana State Police, Police, Baton Rouge Police Department, Centers for Disease Control, National Institute for Criminal, Ballmer Group, Baton, Bloods, Biden White House, Markel, Research, John, John Jay College of Criminal, Statistics, University of California, Newark, Metropolitan, Murphy Paul Rally, Mr Locations: Baton Rouge, La, Iraq, Afghanistan, Black, United States, —, Federal, Newark, N.J, Watts, Los Angeles, New Jersey, Chicago, Baton

☆ Live Updates: Yale Students Arrested as Campus Chaos Spreads
▼ + stars: | 2024-04-22 | by ( Alan Blinder | ) www.nytimes.com time to read: +11 min

Some reportedly shouted at Jewish students and made antisemitic statements. Still, some Jewish students who are supporting the pro-Palestinian demonstrations on campus said they felt solidarity, not a sense of danger, even as they denounced the acts of antisemitism. Image Grant Miner, a Jewish graduate student at Columbia University, says he doesn’t feel unsafe on campus. Jewish students get harassed trying to leave @Columbia’s campus tonight. Image At the “Gaza Solidarity Encampment” on the Columbia campus, tents were crowded together Sunday night.

Persons: Eric Adams, ” Andrew Bates, Nemat Shafik, Minouche, “ Al, Adams, Grant Miner, Bing Guan, New York Times “, “, U2Ii5GTuLm — David lederer, @Davidlederer6, ”, Eliana Goldin, Aryeh, . Goldin, Samantha Slater, Shafik, Mr, Miner, ” Makayla, Gubbay, —, “ There’s, ” Ms, Elie Buechler, Rabbi Buechler, Hillel, ” Brian Cohen, Noah Levine, “ I’m, Xavier Westergaard, Sharon Otterman Organizations: Columbia, Jewish, White, New, ”, Columbia University, Credit, New York Times, Palestinian, Israel, University, New York Police Department, Barnard College, Gaza Solidarity, New York Times Students, Ivy League, Campus, “, Hillel, Broadway, Jewish Voice, Peace Locations: Upper Manhattan, New York City, American, Israel, Columbia, Poland, @Columbia’s, Europe, Chabad, Gaza, Palestine, Amsterdam

☆ Student Protesters at Columbia Remain Defiant
▼ + stars: | 2024-04-19 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Dozens of student protesters at Columbia University gathered outside early Friday afternoon, just across from where their tent encampment had been demolished by university officials the day before. Some students had been there through the night. Others, including a few who had been arrested Thursday, had only recently arrived. “You are erasing the line between education and politics,” he told them. “It is a new phase in this mobilization.”A day after Columbia’s president, Nemat Shafik, called in the police to arrest some 100 students and take down their encampment, the activists showed little sign of losing steam.

Persons: Mahmood Mamdani, ”, Nemat Shafik Organizations: Columbia University Locations: Gaza

☆ Journey to the Future
▼ + stars: | 2024-04-19 | 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 EmailJourney to the FutureRecent innovations in health tech are leading to product breakthroughs and improved patient care for humans and animals alike. Zoetis CEO Kristin Peck, and AWS Senior Physician Executive & Clinical Innovation Lead, Global Healthcare and Nonprofit Dr. Angela Shippy are at the forefront. Hear how they are leading through rapid technological advancements, while rooting out bias and ensuring different perspectives are considered when leveraging the power of AI.

Persons: Kristin Peck, Angela Shippy Organizations: Global Healthcare, Nonprofit

☆ Zuck's new AI drop is cool and all, but he's still playing catch-up with Sam Altman
▼ + stars: | 2024-04-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg just dropped Meta's new AI models. Bt what Llama 3 does not do is beat OpenAI's GPT-4. AdvertisementPerhaps the most important detail was that Meta's open-source models will soon be on par with their closed-source counterparts. For open-source AI developers, that'll be a huge deal. The AI models they were working on looked pretty rudimentary as recently as last year as they struggled to complete sentences without repeating themselves.

Persons: Mark Zuckerberg, OpenAI's GPT, —, Meta, Nick Clegg, Claude, OpenAI's, that'll, Sharon Zhou, Sam Altman's, Sam Altman, Justin Sullivan, Google's, That's, Jim Fan, Altman, Zuckerberg, Gary Marcus Organizations: Service, Financial, Google, GPT, Nvidia, Facebook, New York University

☆ Rep. Ilhan Omar’s Daughter Suspended for Involvement in Columbia Protest
▼ + stars: | 2024-04-18 | by ( Sharon Otterman | Anna Betts | ) www.nytimes.com time to read: +1 min

Isra Hirsi, the daughter of Representative Ilhan Omar of Minnesota, is among several Barnard students who have been suspended for participating in a pro-Palestinian encampment at Columbia University. The camp, which includes dozens of tents pitched on the campus’s South Lawn in protest against Israeli actions in Gaza, has created a standoff between administrators and students on the Ivy League campus. Ms. Hirsi posted on social media around 11:30 a.m. on Thursday that she was one of three students suspended so far for participating in the protest, which began on Wednesday, the day the university’s president, Nemat Shafik, appeared before Congress to discuss antisemitism on campus. At the congressional hearing, Dr. Shafik told lawmakers that she would enforce rules about unauthorized protests and antisemitism. Ms. Omar, who is on the committee that held the hearing and who did not mention that her daughter was among the pro-Palestinian protesters, was one of several Democrats who questioned Ms. Shafik about her actions toward Palestinian and Muslim students.

Persons: Isra Hirsi, Ilhan Omar, Barnard, Hirsi, Nemat Shafik, Shafik, Omar Organizations: Columbia University, Ivy League Locations: Minnesota, Gaza

The Massachusetts Institute of Technology, New York University and Brown University have recently taken swift and decisive action against student protesters, including making arrests. And on Thursday, Columbia University hit its limit with student protesters who had set up dozens of tents on campus, sending in the New York Police Department to make arrests. Image At Columbia, officials cracked down on students who had erected tents on campus. Muncy for The New York TimesImage The New York Police Department arrested protesters at Columbia University. “But now we’re seeing that as an immediate response.”In her congressional testimony, Dr. Shafik revealed that 15 Columbia students have been suspended in recent weeks.

Persons: “, Santa J, Ono, ”, Nemat Shafik, Recalibrating, Rosy Fitzgerald, didn’t, Shafik, Nicole Hester, Donald J, Daniel Diermeier, Vanderbilt, “ They’re, Diermeier, —, Tracy Arwari, Ms, Arwari, Suzanne Nossel, Nossel, Amanda Andrade, Rhoades, Ezri Tyler, Tyler, Dan Korobkin, Colleen Mastony, Jacob Mchangama, Mr, Mchangama Organizations: University of, University of Michigan, Massachusetts Institute of Technology, Massachusetts Institute of Technology , New York University, Brown University, Columbia University, New York Police Department, Columbia, Credit, The New York Times, Columbia University . Credit, The New York Times College, Republican, Institute for Middle, Vanderbilt, USA, Network Vanderbilt University, Pomona College, School, Pomona, PEN America, The New York Times Students, “, American Civil Liberties Union, ” Locations: Santa, Massachusetts Institute of Technology ,, Columbia, C.S, Muncy, Israel, Vietnam, Southern California, Pomona, “, Michigan, . Michigan

☆ Olivia Munn says she 'absolutely broke down' when she saw her body after a double mastectomy
▼ + stars: | 2024-04-18 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Olivia Munn, 43, reflects on her emotional experience after undergoing a double mastectomy due to breast cancer. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementOlivia Munn, 43, remembers the shock she experienced when she saw her body for the first time after a double mastectomy. Munn said she underwent four surgeries, including a 10-hour double mastectomy, as part of her treatment plan. I can tell my children that they don't need to fear they will lose me to breast cancer," Jolie wrote.

Persons: Olivia Munn, Munn, —, it's, Sharon Osbourne, I've, Osbourne, Angelina Jolie, Jolie Organizations: Service, New York Times, for Disease Control

☆ Columbia Sends In the N.Y.P.D. to Arrest Protesters in Tent City
▼ + stars: | 2024-04-18 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

For about a day and a half, pro-Palestinian activists at Columbia University set up what they called a “Liberated Zone,” a temporary community with the spirit and values they wished existed on campus always. It was an impromptu tent village, with more than 50 tents, pitched on a large green lawn just outside the school’s imposing main library. It had a gathering area under a white awning heaped with supplies donated by fellow students. A red spray-painted sign announced its name: “Gaza Solidarity Encampment.”For those hours, living and gathering in the encampment felt purposeful and important, the activists said. Hundreds of students marched around the encampment to show support.

Persons: ”, Maryam Alwan Organizations: Columbia University, Gaza Solidarity Locations: Gaza

☆ Protests Intensify at Columbia, Forcing Difficult Choices for Leaders
▼ + stars: | 2024-04-18 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

For a second day, pro-Palestinian students at Columbia University on Thursday directly challenged the vow that their administrators made during a high-stakes congressional committee hearing to crack down on unauthorized student protests as part of the university’s fight against antisemitism. The students have set up dozens of tents on the South Lawn of the campus, in front of the iconic Butler Library. They have also set up a makeshift kitchen, and held a teach-in and a film screening. And though Columbia administrators have closed the campus’s gates to outsiders, hundreds of students and others rallied with the protesters inside and outside of the school, overnight and through the morning. The escalation is a sharp challenge to Columbia’s president, Nemat Shafik, who largely conceded in a hearing before the House Committee on Education and the Workforce on Wednesday that she felt some of the common chants at pro-Palestinian protests were antisemitic.

Persons: it’s, ”, Maryam Alwan, Nemat Shafik Organizations: Columbia University, Butler, Education Locations: Columbia

☆ Live Updates: Columbia’s President to Testify in Antisemitism Hearing
▼ + stars: | 2024-04-17 | by ( Sharon Otterman | ) www.nytimes.com time to read: +4 min

From left, Claudine Gay, president of Harvard University; M. Elizabeth Magill, president of Penn; Pamela Nadell, a professor at American University; and Sally Kornbluth, president of M.I.T., at a congressional hearing in December. When Nemat Shafik, the president of Columbia University, was asked to appear before Congress to testify about antisemitism on college campuses in December, she cited a scheduling conflict and said she could not attend. The president of the University of Pennsylvania, M. Elizabeth Magill, resigned four days after her appearance at the hearing, where she delivered evasive answers about campus antisemitism. Harvard’s president, Claudine Gay, similarly gave vague responses and faced fierce backlash for weeks up to her resignation in January. Lawyers who prepare clients to testify before Congress said that while there are risks to not appearing, it is always an option.

Persons: Claudine Gay, Elizabeth Magill, Penn, Pamela Nadell, Sally Kornbluth, Nemat Shafik, Shafik, Minouche, Christopher Armstrong, “, you’re, ”, it’s, ” Mr, Armstrong, There’s, Emily Loeb, Block, ” Sharon Otterman Organizations: Harvard University, American University, Columbia University, University of Pennsylvania, Massachusetts Institute of Technology, Education, Workforce, United Nations, Change, Lawyers, Holland, Knight, Jenner Locations: Dubai

The president of Columbia said the university had suspended 15 students. She promised that one visiting professor “will never work at Columbia again.”And when she was grilled over whether she would remove another professor from his leadership position, she appeared to make a decision right there on Capitol Hill: “I think I would, yes.”The president, Nemat Shafik, disclosed the disciplinary details, which are usually confidential, as part of an all-out effort on Wednesday to persuade a House committee investigating Columbia that she was taking serious action to combat a wave of antisemitism following the Israel-Hamas war. In nearly four hours of testimony before the Republican-led Committee on Education and the Workforce, Dr. Shafik conceded that Columbia had initially been overwhelmed by an outbreak of campus protests. But she said its leaders now agreed that some had used antisemitic language and that certain contested phrases — like “from the river to the sea” — might warrant discipline.

Persons: “, Nemat Shafik, Shafik Organizations: Columbia, Republican, Education, Workforce Locations: Israel

☆ In Congress, Columbia’s Leaders Try to Please. At Home, They Face Anger.
▼ + stars: | 2024-04-17 | by ( Sharon Otterman | ) www.nytimes.com time to read: 1 min

Representative Elise Stefanik leaned into the microphone and volleyed a series of questions at the university president sitting in front of her. It was about three hours into a congressional hearing examining antisemitism at Columbia University, and the president, Nemat Shafik, paused, sighed and gave a nervous laugh. “I think that would be — I think, I would, yes. Republican lawmakers on the House Committee on Education and the Work Force had come ready to pounce. They tested for weaknesses and prodded vulnerabilities, while their witnesses, a group of Columbia leaders, seemed conciliatory.

Persons: Elise Stefanik, Nemat Shafik, sighed, Stefanik, Shafik, “, ” Organizations: Columbia University, Republican, Education, Work Force, Columbia

☆ Columbia President Is Next to Be Grilled About Antisemitism by Congress
▼ + stars: | 2024-04-16 | by ( Sharon Otterman | ) www.nytimes.com time to read: +1 min

Four months after an explosive congressional hearing on antisemitism precipitated the resignations of two Ivy League presidents, another university president is about to step to the hot seat. On Wednesday, Columbia’s president, Nemat Shafik, will testify about antisemitism before the same House committee that grilled the presidents of the University of Pennsylvania, Harvard and the Massachusetts Institute of Technology. The December hearing was a political showcase for Elise Stefanik, a New York lawmaker who is the No. Afterward, Ms. Stefanik counted the resignations of the president of the University of Pennsylvania, M. Elizabeth Magill, and Claudine Gay, the president of Harvard, as personal wins. “I will always deliver results,” Ms. Stefanik, a Harvard alumna and a prospective vice-presidential pick for Donald Trump, said after Dr. Gay’s resignation.

Persons: Nemat Shafik, lawyerly, Elise Stefanik, Ms, Stefanik, Elizabeth Magill, Claudine Gay, “, ” Ms, Donald Trump, Gay’s Organizations: Ivy League, University of Pennsylvania, Harvard, Massachusetts Institute of Technology, New, Republican Locations: New York

☆ Morgan Stanley delivers a much-needed rebound quarter and eases concerns about a key overhang
▼ + stars: | 2024-04-16 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Morgan Stanley delivered mostly better-than-expected first-quarter results Tuesday morning — a much-needed report for the bank, whose stock has lagged industry peers and tested our patience. Morgan Stanley Why we own it : We own Morgan Stanley for the rebound taking place in IPO and M & A activity along with growth in wealth management, which provides more durable fee-based revenues. MS YTD mountain Morgan Stanley YTD Shares of Morgan Stanley were up more than 2% after Tuesday's earnings release and conference call, building on Monday's modest gains, which broke a three-session losing streak. Capital returns Morgan Stanley repurchased 12 million shares in the first quarter, at an average purchase price of $86.79 per share. Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York.

Persons: Morgan Stanley, Goldman Sachs, Morgan Stanley's, Ted Pick, we've, Sharon Yeshaya, Morgan Stanley's CET1, Morgan Stanley YTD, Pick, We've, Yeshaya, Morgan, it's, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: LSEG, Wealth Management, Investment Management, Institutional Securities, Equity, Morgan Stanley's Wealth Management, Street, Management, Federal Deposit Insurance Corp, Capital, CNBC, Times, Bloomberg, Getty Locations: New York

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