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☆ Ron DeSantis: What to expect from his presidential campaign
▼ + stars: | 2023-05-20 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +10 min

Ron DeSantis is expected to make his presidential campaign official next week. WOLF: More than any other Republican, DeSantis has generated national media scrutiny and buzz that he could be the candidate best positioned to challenge Trump. Are he and his advisers concerned that all that attention has not translated to a stronger position in GOP primary polls? CONTORNO: As we previously reported several months ago, DeSantis’ political operation believes he has the money and the name recognition to launch a national campaign out of the gate. CONTORNO: Some of Trump’s top advisers once ran DeSantis’ political operation, and several former Trump operatives and donors are now in DeSantis’ camp, so the sniping is already becoming pronounced.

☆ Jamie Dimon says it's ‘unlikely’ that JPMorgan Chase will acquire another struggling bank
▼ + stars: | 2023-05-16 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Sept. 22, 2022. JPMorgan Chase CEO Jamie Dimon said Tuesday that it's not likely his bank would acquire another struggling lender after its government-brokered acquisition of First Republic. "Unlikely," was Dimon's curt response to a shareholder who asked about acquisitions during the New York-based bank's annual shareholder meeting. The turmoil in mid-sized banks sparked by the Silicon Valley Bank collapse in March shows that merely meeting regulatory requirements isn't enough, Dimon added. Dimon spoke on the same day that former Silicon Valley Bank CEO Gregory Becker and two ex-Signature Bank executives testified before the Senate.

☆ ‘Ted Lasso,’ Season 3, Episode 9 Recap: Colin’s Moment
▼ + stars: | 2023-05-10 | by ( Christopher Orr | ) www.nytimes.com time to read: +2 min

Speaking of Jack, it appears that particular subplot has already run its highly unnecessary course. But even I’m a little taken aback at how casually the show has discarded a once semi-central story line. Keeley and Jack had one fight, Jack slammed the door like Nora in “A Doll’s House” and now (unlike Nora) she has relocated to Argentina. (Has anyone else noticed that Richmond seems to alternate between long winning and losing streaks without ever being, you know, average?) Later, Isaac refuses Colin’s invitation to get a beer with a curt, angry “No.” Next, before the game with Brighton & Hove Albion — I’m with Ted; sounds like a law firm — Isaac leaves Colin’s attempted fist-bump un-bumped.

☆ Fact-checking Trump’s CNN town hall in New Hampshire
▼ + stars: | 2023-05-10 | by ( Cnn Staff | ) edition.cnn.com time to read: +26 min

CNN —CNN hosted a town hall with 2024 Republican presidential candidate and former President Donald Trump on Wednesday night in New Hampshire. 2020 ElectionJust minutes after the town hall began, Trump claimed the 2020 election was “rigged.”Facts First: This is Trump’s regular lie. Trump claimed Wednesday that he got gas prices down to $1.87 – and “even lower” – but they increased to $7, $8 or even $9 under Biden. The Presidential Records Act says that the moment a president leaves office, the National Archives and Records Administration gets legal custody and control of all presidential records from his administration. First, there’s no provision for negotiating over Presidential records at the end of a term.

☆ Americans are saving far less than normal in 2023. Here's why
▼ + stars: | 2023-04-27 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +1 min

The U.S. personal savings rate remains below its historical average, according to the U.S. Bureau of Economic Analysis. The seasonally adjusted annual rate of personal saving was 4.6% in February. That's well below the average annual rate of more than 8%, according to the data, which traces back to 1959. Collectively, Americans have trillions in excess savings compared with expectations leading up to the pandemic, according to Federal Reserve economists. Watch the video above to learn about how the personal savings rate affects you and the wider economy.

☆ Inside a shake-up at the world's 'most feared law firm'
▼ + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com time to read: +30 min

It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.

☆ This little-known aluminum products maker is too cheap to ignore and can rally nearly 40%, Credit Suisse says
▼ + stars: | 2023-02-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Shares of aluminum company Constellium look too cheap to ignore, according to Credit Suisse. Analyst Curt Woodworth highlighted the firm's bull case for Constellium, saying in a Thursday note to clients that its $22 price target suggests shares could gain almost 40% from Wednesday's close. So far this year, the stock, which trades on the New York Exchange, has surged nearly 34%, after slumping 34% in 2022. CSTM YTD mountain Shares in 2023 While Constellium faces continued inflationary pressures, Woodworth highlighted his confidence in the company's management. "CSTM continues to execute well as evidenced by excellent price vs cost progression in 2022 and guidance for 2023 that was better than expected driven by some relief on energy prices and solid price actions achieved in 4Q," he wrote.

☆ Arena Football League relaunches with first Black commissioner of a professional sports league in the US
▼ + stars: | 2023-02-01 | by ( John Lynch | ) www.businessinsider.com time to read: +4 min

The Arena Football League (AFL) is relaunching under new leadership and plans to resume play in 2024, Insider has learned. Lee A. Hutton III, the new AFL commissioner, will become the first Black commissioner of a professional sports league in the US. In assuming his role as the new AFL commissioner, Hutton will become the first Black commissioner to lead a professional sports league in the United States. AFL commissioner Lee A. Hutton III. We believe we have assembled a world-class, operational team made up of C-Suite executives, expert sports trainers, football personnel, performance facilities, legal partners, professional team owners and former athletes."

☆ Sen. Rick Scott is running for re-election pushing his controversial 'Rescue' plan
▼ + stars: | 2023-01-26 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

Sen. Rick Scott of Florida is running for re-election, he said in an announcement first shared with NBC News. Scott also promised to push a controversial conservative plan that brought bipartisan condemnation last year. Scott, who denied he would raise taxes but then walked back that part of the plan anyway, told NBC News he’s not backing away from the American Rescue plan. “If you look at when I ran in 2010, there are 4.6 million Democrats [registered to vote] in the state and 4 million Republicans,” he said. “Now what’s happened is we have 4.9 million Democrats and 5.2 million Republicans.

☆ In leaked memo one day after Dow Jones layoffs, News Corp CEO urges 'full compliance' with back-to-office schedule for Wall Street Journal, New York Post staffers
▼ + stars: | 2023-01-12 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

News Corp CEO Robert Thomson sends staff memo about the importance of in-person collaboration. The news comes a day after layoffs at News Corp unit Dow Jones that affected less than 2% of staff. The CEO flagged that he'd be asking business leads to consult with managers to "ensure full compliance with in-office work schedules," which "will evolve in the coming weeks," he wrote. The Wall Street Journal's in-office staffing situation in New York is currently being monitored by the company, according to two sources. The spontaneity and serendipity of a dynamic office environment are crucial in creating and in iterating, so in-office attendance is vital to our future success.

☆ If you want higher pay, your chances are better now than in 6 months, says expert: 'Make your moves as soon as possible'
▼ + stars: | 2023-01-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Higher pay has been needed to keep up with inflation. Wage growth, based on average hourly earnings, is up 4.6% from a year ago. watch now"People who switch jobs are much more likely to be getting a raise above inflation than people who are staying in their jobs," Zhao said. But with a possible economic downturn looming, workers seeking higher pay face a more complex decision as to whether to stay or go. With pay rates so competitive now, even some laid-off workers are finding higher offers than what they were earning before, according to Pollak.

☆ Swear words in different languages have one thing in common
▼ + stars: | 2022-12-10 | by ( Scottie Andrew | ) edition.cnn.com time to read: +5 min

What they found, though, was that in several languages, swear words are missing the l, r, w and y sounds. The only discernible pattern they could find among the swear words were the missing sounds throughout: the approximants l, r, w and y. (The researchers made up many of the words for this part of the study, based on existing words in different languages.) The participants were “significantly less likely” to select the words with approximants when asked to identify swear words, McKay and Lev-Ari wrote. Those almost-but-not-quite-curses are called “minced oaths,” words that sound similar to, but still notably different from, swear words.

Black voters in Louisiana are confused. Louisiana House of RepresentativesIn an unusual twist, Jordan initiated a campaign last summer for an amendment he authored to fail. Jordan was fine with the amendment not passing, even though many Black voters disagreed. The Louisiana State Penitentiary, nicknamed Angola. “I have to believe that every person of color in Louisiana would vote to have that removed from Louisiana’s Constitution.

☆ Removal of German colonial-era statue met with cheers in Namibia
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

WINDHOEK, Nov 23 (Reuters) - A large crane lifted a colonial-era statue of German official Curt von Francois in Namibian capital Windhoek on Wednesday, as a crowd that gathered nearby clapped and hooted in delight. The 2.4 metre (7-foot, 9-inch) bronze statue of von Francois was unveiled in 1965 during the 75-year anniversary celebrations of Windhoek. The controversial statue was seen as a symbol of colonial oppression in the southern African nation, and is the latest to be taken down as activists around the world mount campaigns for their removals. Germany has a troubled past with Namibia. Writing by Bhargav Acharya; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk encourages Twitter engineers to fly in for in-person meetings
▼ + stars: | 2022-11-19 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +4 min

Twitter told employees on Thursday that it would close its offices and cut badge access until Monday, according to two sources. In his first email to Twitter employees this month, Musk warned that Twitter may not be able to "survive the upcoming economic downturn." When a Twitter user asked Musk to reinstate conspiracy theorist Alex Jones, Musk replied with a curt "no." "There will be short, technical interviews that allow me to better understand the Twitter tech stack," Musk wrote in one of the emails. Musk wrote on Twitter late on Thursday that he was not worried about resignations as "the best people are staying."

Senate Democrats’ main super PAC says it’s planning to spend more than $4 million in television ads to boost Warnock. But McConnell endorsed Walker in the primary, after which Democrats unloaded on the Republican nominee in a brutal ad campaign. The Dec. 6 Georgia runoff between Walker and Warnock won’t decide the balance of power in the Senate, now that Democrats are assured control. After Republicans failed to win control of the Senate this week, top McConnell and Scott allies pointed fingers. Roberts, who retired after the 2020 election, said McConnell and Scott must set aside their differences to win Georgia.

☆ Rick Scott launches his Trump-backed challenge of Mitch McConnell to become Senate GOP leader
▼ + stars: | 2022-11-15 | by ( Brent D. Griffiths | Warren Rojas | ) www.businessinsider.com time to read: +5 min

Sen. Rick Scott is challenging Mitch McConnell to become the top Senate Republican. Scott's challenge comes as former President Donald Trump and some Senate Republicans blame McConnell for a lackluster midterm election. As Politico broke the news of Scott's challenge, McConnell's allies lashed out. As the leader of Senate Republicans' campaign arm, Scott played a key role in shaping his party's strategy. Unlike McConnell, Scott did not want the GOP to aggressively intervene in contested primaries, which led to Trump-backed challengers like Dr. Mehmet Oz and Don Bolduc emerging in key races in Pennsylvania and New Hampshire, respectively.

All six people who died in Saturday's midair collision of two vintage aircraft at the Wings Over Dallas Airshow have been identified. "We are heartbroken to announce that the following members of the Commemorative Air Force went west on Saturday, November 12, 2022, at the Wings Over Dallas WWII Airshow while performing," the nonprofit said in a statement. The Commemorative Air Force did not specify which men were on board the Flying Fortress and which were on the Kingcobra during the collision. Commemorative Air Force / via FacebookMajor Curtis J. Rowe served for more than 30 years on the Ohio Wing Civil Air Patrol and "volunteered as a crew member on a vintage Boeing B–17 Flying Fortress for the Commemorative Air Force where he shared his passion for flying," according to a statement from the service. Commemorative Air Force / via FacebookTerry Barker was an army veteran and a former city councilman in Keller, Texas, according to Keller Mayor Armin Mizani.

☆ Bonds and Clemens get another swing at Baseball Hall of Fame
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] Oct 14, 2021; San Francisco, California, USA; San Francisco Giants former player Barry Bonds looks on form the stands during the sixth inning in game five of the 2021 NLDS between the San Francisco Giants and the Los Angeles Dodgers at Oracle Park. Mandatory Credit: Neville E. GuardNov 7 (Reuters) - Barry Bonds and Roger Clemens, whose legacies were tainted by allegations of steroid use, were given another chance at making the Baseball Hall of Fame after being among the eight players named on Monday to the Contemporary Baseball Era player ballot. Any candidate who receives votes on 75% of the ballots cast by the 16-member Contemporary Baseball Era Players Committee on Dec. 4 will earn election to the Hall of Fame in 2023. The committee, which focuses on the period from 1980 to the present day, considers retired Major League Baseball players who are no longer eligible for election by the Baseball Writers' Association of America (BBWAA). The other candidates on the Contemporary Baseball Era player ballot are Albert Belle, Don Mattingly, Fred McGriff, Dale Murphy, Rafael Palmeiro and Curt Schilling.

☆ Worker complaints alleging anti-union shutdowns rise as organizing surges
▼ + stars: | 2022-11-04 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +13 min

The company, G&D Integrated, had closed the factory, saying it had suddenly lost its decade-old contract with a Japanese company, workers said. Starbucks closed multiple stores this year following union activity. Trader Joe’s, for example, abruptly closed a wine shop in the center of New York City where workers had been organizing. Demonstrators protest outside a closed Starbucks in Seattle on July 16. More than 40 percent of the stores had union campaigns, according to data from Starbucks Workers United, the union that has been organizing the workers.

☆ How Gregg Lemkau went from Goldman CEO contender to building a hybrid investment bank catering to billionaires
▼ + stars: | 2022-10-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Gregg Lemkau was in the running for CEO before he left Goldman Sachs in 2020. Now he runs Michael Dell's investment firm, which is merging with billionaire advisory BDT. When Gregg Lemkau left Goldman Sachs in late 2020 to run Michael Dell's investment firm, many within and outside the bank were surprised. Cardinale, who had left Goldman a decade ago to start his own investment firm, knew it had to be a massive opportunity to pull away Lemkau. Oldest sibling Kristin runs JPMorgan's US wealth management business and Lemkau's younger brother Chip is a managing director at Goldman Sachs in private wealth management.

☆ I'm a pawnbroker. Here's how I deal with shady customers, fakes, and the occasional boa constrictor.
▼ + stars: | 2022-10-26 | by ( Ingrid Cruz | ) www.businessinsider.com time to read: +7 min

I've been the president of the Mississippi Pawnbrokers Association for four years, and prior to that, I was a board member. Gas prices are also a common reason why people sell or pawn items now. When setting prices to buy an item, the pawnbroker has to make sure the client doesn't want to return for it. If a person wants to sell an item, we only have to hold onto it for 14 days. You used to have to check newspapers on Sundays to check an item's worth.

☆ Bernstein says Musk was 'curt' and 'almost dismissive' on earnings call, sees stock dropping nearly 30%
▼ + stars: | 2022-10-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Aside from the financials, the earnings call didn't sit well with us," Sacconaghi said in a note Thursday. "Answers to many questions on the earnings call were curt and almost dismissive, with CEO Musk instead repeatedly making very bold prognostications about Tesla's future and capabilities." The analyst said Tesla earnings call was less informative than usual with Musk dodging concerns and questions about demand, the potential for lower prices and details about Inflation Reduction Act. Instead, Sacconaghi said Musk tried to highlight Tesla's potential and aspirations. Apparently this is not the first time Sacconaghi was annoyed by Musk's comments on Tesla's earnings call.

☆ Tesla shares slide after Q3 revenue miss, Bernstein says earnings call 'didn't sit well with us'
▼ + stars: | 2022-10-20 | by ( Sofia Pitt | ) www.cnbc.com time to read: +1 min

Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time. Shares of Tesla slid about 6% Thursday morning as investors digested the company's third-quarter earnings report from Wednesday evening. Tesla reported earnings of $1.05 per share, beating expectations of 99 cents a share. Musk's comments "didn't sit well" with Bernstein senior research analyst Toni Sacconaghi. "Aside from the financials, the earnings call didn't sit well with us," Sacconaghi said in a note on Thursday.

☆ A recession is looming, but for JPMorgan's Jamie Dimon all signs point toward business as usual when it comes to hiring and tech spend
▼ + stars: | 2022-10-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first, how did those bank earnings go? JPMorgan's Jamie Dimon. Before we kick things off, let's give a quick recap on the state of play with bank earnings. And for JPMorgan's Jamie Dimon, the message was largely one of confidence. The plans JPMorgan laid out in May around its tech spend were "pretty much on track," Dimon said.

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