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☆ Porn star Stormy Daniels reacted to Trump's indictment over an alleged hush-money payment. Here's a timeline of Trump's many marriages and rumored affairs.
▼ + stars: | 2023-03-30 | by ( Kate Taylor | Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

The charges likely stem from a $130,000 payment to Stormy Daniels ahead of the 2016 election. Trump has been plagued by allegations of affairs and sexual misconduct in the past. Top editors give you the stories you want — delivered right to your inbox each weekday. While Daniels has been in the limelight due to the Cohen's alleged payments, she isn't the only woman who claims to have had an affair with Trump while he was married. Here's a timeline that spells out when Trump's marriages started and ended, as well as alleged and confirmed affairs and accusations of sexual misconduct that reportedly occurred during these periods:

☆ Morning Bid: Bank angst persists, unnerves Europe
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +5 min

But banks boosted borrowing under the Fed's newly launched Bank Term Funding Program to $53.7 billion - almost 5 times its first outing the previous week. European bank stocks fell 3% early on Friday, with Deutsche Bank shares (DBKGn.DE) down for a third day - losing 5% amid rising market costs for insuring against the risk of default. European Central Bank President Christine Lagarde is due to attend Friday's European Union summit in Brussels and update leaders on the state of affairs in the financial system. Wider markets were lower in Asia and Europe and U.S. stock futures were in the red again ahead of the open. With less than a 50% chance of another Fed rate rise in this cycle now priced into the futures, almost 80 basis points of rate cuts are now seen by year-end.

"This is all a bit of a mess," Krishna Guha, vice chair of ISI Evercore and a former New York Federal Reserve official, wrote ahead of a Federal Open Market Committee meeting that has veered from a dead-certain jump in interest rates two weeks ago to a speculative morass. The yield on the 2-year Treasury note - particularly sensitive to Fed policy expectations - rose steadily through the day, adding roughly a quarter of a point from the overnight low and approaching 4%. Analysts trying to parse what recent bank stress might mean said a coming credit contraction could be the equivalent of an additional quarter point Fed rate increase, or as much as a recession-inducing 1.5 percentage points, rendering further rate hikes obsolete. "The emergence of financial stress is likely to indicate to the committee that monetary policy is closer to being 'sufficiently restrictive' than some may have thought previously," BOA economists wrote. "At the very least, stress in financial markets suggests that the Fed should proceed with caution."

☆ CNBC’s Andrew Ross Sorkin says covering the SVB meltdown is like ‘walking a tight rope’
▼ + stars: | 2023-03-13 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Andrew Ross Sorkin woke up early Monday morning, long before the crack of dawn, after managing to sneak in a handful of hours of sleep. The New York Times columnist had been up late into the night working on his DealBook newsletter. And now he needed to rise for a special edition of “Squawk Box,” the CNBC program he has co-hosted since 2011. It is a story Sorkin described covering as “a balancing act, a little bit like walking a tight rope.” On one hand, he said, journalists must avoid sparking panic and causing a catastrophic run on the banks. “If you scream ‘fire,’ everyone runs out of the theater,” Sorkin said.

☆ General Catalyst CEO on SVB: The lesson learned is that we must diversify
▼ + stars: | 2023-03-13 | 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 EmailGeneral Catalyst CEO on SVB: The lesson learned is that we must diversifyHemant Taneja, General Catalyst CEO and managing director, joins 'Squawk Box' to discuss how comfortable he feels about the state of affairs regarding SVB, the incentive systems that led to this bank run at SVB, and more.

☆ Reaction to Lineker being pulled from presenting by the BBC
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +3 min

But the decision to take Gary Lineker off air is indefensible. LABOUR PARTY LEADER KEIR STARMER"The BBC is not acting impartially by caving in to Tory MPs who are complaining about Gary Lineker." FORMER LABOUR LEADER JEREMY CORBYN"Well done Gary Lineker for standing up for refugees. FORMER CULTURE SECRETARY NADINE DORRIES"News that Gary Lineker has been stood down for investigation is welcome and shows BBC are serious about impartiality." "The perception out there is going to be that Gary Lineker, a much-loved television presenter, was taken off air after government pressure on a particular issue."

"It seems to me that all the countries located around the Russian Federation should draw their own conclusions about how dangerous it is to take a path towards engagement with the United States' zone of responsibility, its zone of interests." Putin casts the war in Ukraine as an existential battle with the West over the future of both Russia and its former Soviet and imperial satellites which since 1991 have been courted by the United States, NATO, the EU, and China. Washington and the broader West, Lavrov said, wanted to punish Russia because it was perceived as "too independent a player" which challenged the hegemony of the United States. Lavrov, Putin's foreign minister since 2004, said that events in Georgia were orchestrated from outside and motivated by a Western attempt to claw away Russia's traditional allies. They say they simply did not agree with the proposed law and want a Western future which Russia, that fought a war against Georgia in 2008, does not offer.

☆ Kremlin: Russia open to Ukraine talks, but won't give up annexed regions
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

Summary This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Kremlin spokesman Dmitry Peskov told reporters Russia would never renounce its claims to four Ukrainian regions that Moscow declared it had annexed last year following referendums that Kyiv and the West slammed as bogus and illegal. Russia proclaimed it had annexed the Donetsk, Luhansk, Kherson and Zaporizhzhia regions last September in a grand ceremony in Moscow. Peskov said Russia was open to negotiations if Kyiv accepted Moscow's control over the regions. Ukraine says Russian troops must leave every inch of its territory including the four annexed regions and the Crimean peninsula, which Moscow unilaterally annexed from Ukraine in 2014, before a peace plan can be discussed.

☆ Kremlin says it is concerned by situation in breakaway Moldovan region
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] Flags of Moldova's breakaway region of Transdniestria and Russia flutter in central Tiraspol, in Moldova's breakaway region of Transdniestria May 5, 2022. REUTERS/Vladislav Bachev/File PhotoMOSCOW, Feb 27 (Reuters) - The Kremlin said on Monday it was worried about the state of affairs in Moldova's breakaway Transdniestria region, where it said Ukraine and other European countries were stirring up the situation. Moldova's pro-European president, Maia Sandu, this month accused Moscow of plotting a coup, something Russia denied. "Naturally, the situation in Transdniestria is the subject of our closest attention and a reason for our concern," Peskov told reporters. Ukrainian President Volodymyr Zelenskiy has dismissed Moscow's assertion that Ukraine wants to take over the region, while Moldova sad there was no truth to the allegations.

☆ Two Fed measures see notable recession risk despite strong data
▼ + stars: | 2023-02-24 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

Meanwhile, a New York Fed measure, updated earlier this month, flags a 57.1% recession probability by January 2024, up from the 47.3% chance seen in December. Another commonly tracked measure - the spread between 2-year and 10-year Treasury notes - has been inverted for even longer, but San Francisco Fed economists have identified the 3-month versus 10-year spread as having the stronger relationship with recessions. Fed officials have said so far that they see slow growth this year and no recession, although a number of policymakers view it as a real risk. The Fed's own internal approach to making sense of the economic implications of the yield curve remains unsettled. A paper by Fed Board economists last year downplayed the implications of inversion.

☆ Cyprus leaders meet as peace talks remain deadlocked
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +3 min

Iakovos Hatzistavrou/Pool via REUTERSNICOSIA, Feb 23 (Reuters) - Leaders of Cyprus's estranged Greek and Turkish communities met on Thursday as a deadlock persisted in peace talks on the ethnically divided island. The meeting was the first for newly elected Cypriot President Nikos Christodoulides, the new Greek Cypriot leader, and Ersin Tatar, the Turkish Cypriot leader. Cyprus was split in a Turkish invasion in 1974 after a brief Greek-inspired coup, with Greek Cypriots living in its south and Turkish Cypriots in an unrecognised breakaway north. "The present state of affairs cannot be the solution to the Cyprus problem, not for Greek Cypriots, or Turkish Cypriots," Christodoulides said after the two-hour meeting with Tatar. "I didn't hear anything I didn't expect from Mr Tatar," Christodoulides said.

☆ Portugal is shutting down its popular 'golden visa' program. Here are two ways you can still get a residence permit (for less money).
▼ + stars: | 2023-02-21 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

Portugal is shutting down its "golden visa" scheme as part of its efforts to fight the housing crisis. But the nation's more popular — and less expensive — alternatives to the golden visa scheme are still attracting hundreds of remote workers and entrepreneurs to its shores. In late October, Portugal launched a "digital nomad visa" that allows remote workers from non-EU countries to live and work in Portugal for up to five years. Portugal approved 200 digital nomad visas in the program's first three months, according to data from the Ministry of Affairs. Before the digital nomad visa was introduced, remote workers and entrepreneurs used the popular D7 visa (also known as the passive income visa) to receive local residency status.

☆ Biden says the economy is doing better than last year—but 50% of Americans say they're actually worse off
▼ + stars: | 2023-02-08 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

Half of Americans say their finances are worse off now than a year ago, according to a recent Gallup poll . Just 35% say their finances are in better shape now. Among middle-earners — those earning between $40,000 and $100,000 — 49% say their finances are worse now than a year ago. But 61% of those who earn $40,000 or less annually say their finances are worse now than a year ago. "When we have people worried about the national economy, they tend not to think things are bad until they actually are really bad," Jones tells CNBC Make It.

Biden's public approval rating edged one percentage point higher to 41% in a Reuters/Ipsos poll that closed on Sunday. In the speech, Biden will hail the resilience and strength of the U.S. economy, which saw unemployment drop to a nearly 54-year low in January, while pledging continued efforts to lower inflation and protect Social Security and other benefits. [1/3] The U.S. Capitol building is seen on the day of U.S. President Joe Biden's State of the Union Address to a joint session of Congress on Capitol Hill in Washington, U.S., February 7, 2023. He will push Congress to require background checks for all gun sales and ban assault weapons, the White House said, although the prospects for passage remain slim. McCarthy said on Tuesday that he won't rip up Biden's speech, referencing the actions of former Speaker Nancy Pelosi after former President Trump's 2020 State of the Union address.

WASHINGTON, Feb 7 (Reuters) - U.S. President Joe Biden will face Republicans who question his legitimacy and a public concerned about the country's direction in Tuesday's State of the Union speech that is expected to serve as a blueprint for a 2024 re-election bid. Biden's public approval rating edged one percentage point higher to 41% in a Reuters/Ipsos poll that closed on Sunday. Reforms in policing will loom large in Biden's speech after the death of Tyre Nichols, a Black man fatally beaten by officers in Memphis, Tennessee last month, with his mother and stepfather to be guests of first lady Jill Biden. He will also run through a wish list of economic proposals, many of which are unlikely to be passed through Congress, the White House said. [1/3] The U.S. Capitol building is seen on the day of U.S. President Joe Biden's State of the Union Address to a joint session of Congress on Capitol Hill in Washington, U.S., February 7, 2023.

REUTERS/Elizabeth FrantzWASHINGTON, Feb 7 (Reuters) - U.S. President Joe Biden will face Republicans who question his legitimacy and a public concerned about the country's direction in Tuesday's State of the Union speech that is expected to serve as a blueprint for a 2024 re-election bid. Biden would urge lawmakers to "build on these historic bipartisan achievements" to improve the lives of Americans, Christen Linke Young, deputy assistant to Biden for health and veterans affairs, told reporters. He will also run through a wish list of economic proposals, many of which are unlikely to be passed through Congress, the White House said. They include a minimum tax for billionaires, and a quadrupling of the tax on corporate stock buybacks. Speaker Kevin McCarthy will sit behind Biden for the address for the first time.

He noted that a process of "disinflation" seemed to be taking hold so far without throwing employment off course - a hoped-for outcome if it can continue but one that might prove unsustainable if job growth doesn't slow. The full impact of the Fed's already-anticipated rate increases still has not been felt on the economy, meaning the current strength in the job market and elsewhere may in fact begin to wane, Kamin said. Though job growth has remained remarkably strong, the economy is by many estimates still perhaps a million or more positions short of what would have been reached given job growth trends before the onset of COVID-19, suggesting more room for growth. "The data overran the Fed last week, and Powell and his colleagues are falling behind the curve again. Reporting by Howard Schneider; Additional reporting by Andrea Shalal; Editing by Dan Burns and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Biden turned 80 in November and, if re-elected, would be 82 at the start of a second term, a fact that concerns many Democratic voters, recent polls show. Speaker Kevin McCarthy will sit behind Biden for the address for the first time. The two are at loggerheads over the $31.4 trillion debt ceiling, which must raised in the coming months to avoid a default. Biden will insist during his speech that raising the debt limit is not negotiable and should not be used as a "bargaining chip" by lawmakers, National Economic Council director Brian Deese said Monday. While the U.S. economy continues to outperform expectations, faith in Biden is undermined by entrenched political divisions, high prices and concerns over his age, polls show.

☆ Bond yields are hot, but be smart how you invest. Here’s where to begin
▼ + stars: | 2023-02-06 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Bond yields and prices move inversely to each other so, as rates rose, prices tumbled – and did so at an inopportune time since stocks were suffering, too. Thus, they have higher interest rate risk and greater price fluctuation. He likes short-term Treasury bond funds and ETFs. Another way to mitigate interest rate risk is to use a barbell: You hold equal amounts of shorter and longer-dated issues. "You don't have to reach too far in terms of credit risk and interest rate risk to capture healthy yield in today's environment."

☆ For Ukraine, Western tanks could be a game changer in the conflict
▼ + stars: | 2023-01-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +4 min

For Ukraine, the offer of modern, Western battle tanks was a long-time coming; it has requested Leopard 2 tanks from Germany, and asked Berlin to authorize their re-export from other allies, for months. On Wednesday, Germany offered Ukraine 14 of its Leopard 2A6 tanks and said it would allow allies to export their own German-made tanks to Ukraine. watch nowPoland, the Netherlands, Spain, Norway and Finland are among the other countries that have signaled they will, or are willing, to send tanks to Kyiv. Ukraine is certainly focusing right now on the exact number of tanks it can expect from its Western allies. The speed of training of our military, the speed of supplying tanks to Ukraine and the volume of tank support."

☆ The Doomsday Clock is now set at 90 seconds to midnight — the closest we've ever been to the apocalypse
▼ + stars: | 2023-01-25 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

The Doomsday Clock is now 10 seconds closer to midnight. Scientists moved the clock's second hand to 90 seconds to midnight on January 24. "90 seconds to midnight is the closest the Clock has ever been set to midnight, and it's a decision our experts do not take lightly," Bronson added. In 2018, the Doomsday Clock was set at two minutes to midnight after President Donald Trump's continuous rhetoric about boosting the US' stash of nuclear weapons. And in 2020, the clock was moved to 100 seconds to midnight — which at the time was the closest to the apocalypse it had been in history.

☆ The fog in the English Channel is clearing a bit
▼ + stars: | 2023-01-16 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

But if the two sides can resolve a dispute over Northern Ireland there could be progress on topics such as climate change, foreign policy and financial services. Resolving the dispute over the so-called Northern Ireland Protocol is the key to unlocking cooperation on a range of topics. But a deal on Northern Ireland could be. Johnson agreed to such a forum as part of the political declaration accompanying the Brexit deal but then abandoned it. “Fog in the Channel: Continent cut off” is a mythical UK newspaper headline which supposedly summed up Britain’s disdain for its neighbours.

☆ Britain's Tesco to target value offers after strong Christmas
▼ + stars: | 2023-01-12 | by ( James Davey | ) www.reuters.com time to read: +3 min

[1/2] Clubcard branding is seen inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022. Tesco, like Sainsbury's, is absorbing some of its cost inflation rather than passing it all on to consumers. The group maintained its forecast for 2022-23 retail adjusted operating profit of between 2.4 billion pounds and 2.5 billion pounds ($2.9-$3.0 billion), down from the 2.65 billion pounds earned in 2021-22. It expects retail free cash flow of at least 1.8 billion pounds and profit from Tesco Bank of 120-160 million pounds. Shares in Tesco have fallen 17% over the last year, but are up 7% over the last month.

☆ Hospitals rely on volunteers for $5 billion a year of free work — and some could be violating federal labor laws
▼ + stars: | 2023-01-10 | by ( Lauren Sausser | Kaiser Health News | ) www.businessinsider.com time to read: +9 min

The US health system benefits from potentially over $5 billion in free volunteer labor annually. Like paid employees, hospital volunteers typically face mandatory vaccine requirements, background checks, and patient privacy training. Hedges was furloughed for the better part of six months when hospital volunteers were sent home in March 2020. Nonprofit and for-profit hospitals alike benefit from volunteersNonprofit hospitals must follow federal labor laws, too. Nonprofit hospitals are required to provide a benefit to their communities, such as offering charity care, in exchange for their special tax status.

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