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☆ Former Goldman Sachs partners represent the powerful allies and formidable foes the bank has across the Street
▼ + stars: | 2023-03-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In many ways, it's easier to become a brain surgeon than a Goldman partner (doctors, please spare me your hate mail). Unlike other esteemed white-collar groups — the partners at law firm Cravath, Swaine & Moore, for example — turnover is somewhat common within the Goldman partnership. Insider's Carter Johnson and Dakin Campbell took a look at how many partners have left the bank since CEO David Solomon took over in 2018. In many ways, it's demonstrative of the allies the bank has across the Street. Former Goldman partners can be like missionaries for the bank, spreading the good word to anyone who will listen (and paying their fees).

☆ Industrials have limited upside after rally, says Chartmaster
▼ + stars: | 2023-03-03 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndustrials have limited upside after rally, says ChartmasterCarter Worth of Worth Charting on what's next for industrials after a strong start to the year. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Tim Seymour, Steve Grasso and Julie Biel.

New York CNN —Walgreens on Friday said it will not distribute abortion medication in 20 states, bowing to pressure from anti-abortion lawmakers and lawsuits targeting the legality of medication abortion. The company said it will not dispense mifepristone, the first of two drugs in the medication abortion process, in 20 states following a February 1 letter from GOP attorneys general in those states. Companies are loath to antagonize lawmakers in states where they may face politically motivated reprisals. The US Food and Drug Administration had previously said that pharmacies that become certified to dispense mifepristone can do so directly to someone who has a prescription from a certified prescriber. Medication abortion, which now accounts for a majority abortions obtained in the United States, has become a flashpoint in the fallout from the Supreme Court’s decision last year overturning Roe v. Wade.

☆ Since David Solomon became Goldman Sachs CEO, more than 80 partners have left. See the running list here.
▼ + stars: | 2023-03-03 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

David Solomon has been Goldman Sachs' CEO for more than four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.

☆ Traders look abroad for some options opportunity
▼ + stars: | 2023-03-03 | 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 EmailTraders look abroad for some options opportunityOptions around the world. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Brian Stutland.

☆ The Final Call: JNJ, PFE & OC
▼ + stars: | 2023-03-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Final Call: JNJ, PFE & OCThe final trades this week. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Brian Stutland.

☆ NHL roundup: Connor McDavid's historic multi-goal streak hits 5
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +4 min

McDavid has scored two goals in each of the past five games and has an NHL-leading 52 for the season. Klim Kostin and former Maple Leaf Zach Hyman added a goal and an assist for the Oilers, who had lost their previous two games. Mitchell Marner logged a goal and an assist for the Maple Leafs, who had a three-game winning streak end. Owen Tippett and Scott Laughton scored one goal apiece for the slumping Flyers, who have dropped four in a row. Jordan Staal and Martin Necas scored goals for Carolina, which took its second straight loss.

☆ Wayne Shorter, master composer of jazz, dies aged 89
▼ + stars: | 2023-03-02 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

[1/3] U.S. Jazz saxophonist Wayne Shorter performs onstage during a 'tribute to Miles Davis evening' at the 45th Montreux Jazz Festival in Montreux July 13, 2011. REUTERS/Valentin FlauraudMarch 2 (Reuters) - American saxophonist Wayne Shorter, who wrote some of jazz's most acclaimed compositions and whose often plaintive playing changed the sound of jazz in the 1960s before he explored rock-fusion, died on Thursday aged 89. "The master writer to me, in that group, was Wayne Shorter," the keyboardist said. "Wayne was one of the few people who brought music to Miles that didn't get changed." Other hit records included "Native Dancer" featuring Brazilian singer Milton Nascimento which mixed jazz, rock and funk with Brazilian rhythms.

☆ NBA roundup: Suns win in Kevin Durant's debut
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +7 min

Bucks 139, Magic 117Giannis Antetokounmpo collected 31 points, seven rebounds and six assists to fuel streaking Milwaukee's victory over visiting Orlando. Orlando's Cole Anthony scored a season-high 28 points off the bench and Markelle Fultz recorded 21 points, seven rebounds and five assists. Jalen Williams led Oklahoma City with 24 points and chipped in seven assists, while Josh Giddey added 22 points, 11 assists and nine rebounds. The 76ers, who snapped a two-game skid that included a home loss to the Heat, also got 23 points, seven rebounds and five assists from James Harden. Ja Morant had 20 points, seven rebounds and seven assists for Memphis, which led by as many as 28 and won its third straight.

☆ Republicans want to replace federal taxes with a flat sales tax. It'll either add trillions to the national deficit or you'll have to pay a lot more for everything.
▼ + stars: | 2023-03-02 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Some Republicans want to abolish the IRS and replace most federal taxes with a flat sales tax. However, a report from Brookings finds that the sales tax at the currently proposed rate would add to the deficit. Buddy Carter, who introduced the legislation, said the US "doesn't have a revenue problem, it has a spending problem." "Our country doesn't have a revenue problem, it has a spending problem. This is on top of the $3 trillion that Republicans want to add to the debt with tax giveaways to wealthy tax cheats, Big Pharma, big corporations, and other special interests.

☆ Top NFL Prospect Jalen Carter Charged in Fatal Crash That Killed Georgia Teammate, Staffer
▼ + stars: | 2023-03-01 | by ( Andrew Beaton | Laine Higgins | ) www.wsj.com time to read: 1 min

Georgia defensive lineman Jalen Carter has been projected as a top prospect in April’s NFL draft. INDIANAPOLIS—The tragic and ugly aftermath of Georgia’s second consecutive national football title mounted on Wednesday as a police department issued an arrest warrant for Jalen Carter , one of the top prospects in the upcoming NFL draft, for his alleged role in a January car crash that killed a teammate and staffer. Carter has been charged with reckless driving and racing by the Athens-Clarke County Police Department for his role in the Jan. 15 crash that killed Chandler LeCroy , 24, a team staffer who was driving another car that was also carrying the other victim, Georgia football player Devin Willock , 20. Previously, a police investigation had characterized the incident as a single car wreck.

☆ Goldman Sachs' investor day led to more questions than answers
▼ + stars: | 2023-03-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

David Solomon at Goldman Sachs' 2023 investor day. All eyes were on Goldman Sachs yesterday as the bank held its second-ever investor day. The biggest news of the day was Solomon, along with other key executives, acknowledging the bank was exploring "strategic alternatives" for its consumer business. Hinting at "strategic alternatives" was something people would want to hear more about. And click here to read more about Goldman exploring "strategic alternatives" for its consumer biz.

☆ NBA roundup: Hornets win again, lose LaMelo Ball
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +3 min

Gordon Hayward added 19 points and Kelly Oubre Jr. joined ball with 18 points for Charlotte. Mark Williams provided 15 points and 11 rebounds. Heat 101, 76ers 99Jimmy Butler had 23 points, 11 rebounds, nine assists and four steals to help Miami edge host Philadelphia. Jayson Tatum, who entered Monday averaging 30.4 points per game, was limited to 14 points before he was ejected late in the fourth quarter. Moritz Wagner and Markelle Fultz added 14 points each and Wendell Carter Jr. had 11 points and 11 rebounds for Orlando, which began a three-game road trip by finishing a season series sweep against New Orleans.

☆ The 9 biggest takeaways from Goldman Sachs' investor day, from a tense Q&A with CEO David Solomon to the tater tots for breakfast
▼ + stars: | 2023-02-28 | by ( Carter Johnson | Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

Goldman Sachs held its second-ever Investor Day on Tuesday. Goldman Sachs held its second-ever "Investor Day" on Tuesday, giving shareholders a rare peek under the hood of one of the nation's largest investment banks. But losses across Goldman's consumer businesses have piled up in the three years since Goldman last held an investor day in January 2020. Nonetheless, at least some of the bank's backers aren't going anywhere and maintain their confidence in Goldman Sachs to be, well, Goldman Sachs. Outside the auditorium where the investor day was held — Room 101 within Goldman's headquarters at 200 West Street — one representative of a top-30 Goldman investor enjoyed a complimentary granola bar.

☆ David Solomon says Goldman Sachs is exploring 'strategic alternatives' for its struggling consumer business
▼ + stars: | 2023-02-28 | by ( Carter Johnson | Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Goldman Sachs is exploring "strategic alternatives" for its nascent consumer banking business. Goldman Sachs is exploring "strategic alternatives" for its nascent consumer banking business, CEO David Solomon and executives revealed on Tuesday at the Wall Street bank's second ever investor day. The phrase "strategic alternatives" is often used as company jargon for a sale or merger. Beyond a sale, strategic alternatives can also involve a spinoff, or other restructuring or alliance to drive value for shareholders. Screenshot of Stephanie Cohen speaking at Goldman Sachs' investor day ScreenshotSolomon held the bank's first ever investor day in 2020 just before the pandemic.

☆ U.S. needs to learn all of Black history, Biden says, as some Republicans push curbs
▼ + stars: | 2023-02-27 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 27 (Reuters) - President Joe Biden on Monday praised the contribution of African Americans in the United States at an event to celebrate "Black History Month," something presidents from both parties have done for decades. "History matters and Black history matters," Biden said to an audience of Black Congress members and government officials. Americans "can't just choose to learn what we want to know," Biden said. His remarks from the White House's East Room come as some conservative Republicans, most notably Florida Governor Ron DeSantis, are pushing for changes to the way Black history is taught in U.S. schools. Presidents in the past have often used the occasion of Black History Month to note the unfulfilled promises made to Black Americans.

☆ Top 25 roundup: No. 4 UCLA edges Colorado to claim Pac-12 title
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +3 min

[1/3] Feb 26, 2023; Boulder, Colorado, USA; UCLA Bruins guard Jaime Jaquez Jr. (24) shoots the ball past Colorado Buffaloes guard Luke O'Brien (0) in the second half at the CU Events Center. The Bruins (25-4, 16-2 Pac-12) came into Sunday's matchup needing a win to claim an outright league title, thanks to Arizona's loss on Saturday to Arizona State. However, Colorado jumped to an early lead of 10 points then exchanged the advantage with the visitors throughout the second half. Primo Spears tallied 26 points to lead Georgetown (7-23, 2-17), which has lost its last 12 games against Top 25 teams. Chase Audige had 16 points to pace the Wildcats, but only two came in the second half.

☆ NHL roundup: Wild's Kirill Kaprizov caps hat trick in OT
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +6 min

Sabers 7, Capitals 4Dylan Cozens delivered his first career hat trick, and Buffalo defeated visiting Washington. Vinnie Hinostroza had a goal and an assist for Buffalo, while Cozens added an assist for the first four-point game of his career. T.J. Oshie scored his fourth goal in three games and added an assist, and Dylan Strome had a goal and an assist. Nick Schmaltz had a goal and an assist, and Shayne Gostisbehere also scored a goal for Arizona. Trocheck added an assist, and Mika Zibanejad and Artemi Panarin each had a goal and an assist.

☆ NHL roundup: William Nylander's OT goal lifts Leafs past Wild
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +4 min

Mandatory Credit: Dan Hamilton-USA TODAY SportsFebruary 25 - William Nylander scored at 1:05 of overtime and the Toronto Maple Leafs defeated the visiting Minnesota Wild 2-1 on Friday night. David Kampf also scored for the Maple Leafs, who have won two in a row. Brandon Duhaime scored for the Wild, who had won their fourth straight game 2-0 on Thursday against the Columbus Blue Jackets. Canadiens 5, Flyers 2Jesse Ylonen had one goal and one assist to lift Montreal past host Philadelphia. Compher and Nathan MacKinnon each had a goal and an assist for visiting Colorado in a win over Winnipeg.

☆ Jimmy Carter’s ‘Malaise’ Speech Aged Well
▼ + stars: | 2023-02-24 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.

☆ State of the consumer ahead of next week's earnings
▼ + stars: | 2023-02-24 | 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 EmailState of the consumer ahead of next week's earningsLooking for signs of cracks in the consumer. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Bonawyn Eison and Mike Khouw.

☆ An update on two of Mike Khouw's trades
▼ + stars: | 2023-02-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAn update on two of Mike Khouw's tradesRevisiting two trades: XRT and YETI. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Bonawyn Eison and Mike Khouw.

☆ Chartmaster: Apple drops below 200-day moving average
▼ + stars: | 2023-02-24 | by ( Melissa Lee | ) 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 EmailChartmaster: Apple drops below 200-day moving averageCarter Worth of Worth Charting looks at Apple's charts. With CNBC's Sara Eisen and the Fast Money traders, Mike Khouw, Guy Adami and Jeff Mills.

☆ NBA roundup: Malik Beasley leads revamped Lakers to win
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +8 min

Anthony Davis scored 12 points with 12 rebounds for Los Angeles. Klay Thompson scored 22 points and Ty Jerome added 20 for the Warriors, who were without Stephen Curry (leg) and Andrew Wiggins (personal). Evan Mobley had 31 points and nine rebounds, Donovan Mitchell and Darius Garland scored 22 points each, and Jarrett Allen had 14 points and 13 rebounds for the Cavaliers. Tatum had 31 points, 12 rebounds and seven assists. Anunoby returned from a wrist injury to score 12 points, but Toronto was without Fred VanVleet (personal).

☆ Biden ready to run, US first lady says
▼ + stars: | 2023-02-24 | by ( ) www.cnbc.com time to read: +5 min

President Joe Biden and First Lady Jill Biden return to the White House in Washington D.C., the United States, Aug. 8, 2022. Some of the families, Jill Biden said, had hid underground for weeks before making their escape. When it was her turn to hear a doctor say that, Jill Biden said, "it was a little harder than I thought." Jill Biden is the only first lady to continue her career in addition to her ceremonial duties, teaching writing and English to community college students. Jill Biden recalled Carter and his wife, Rosalynn, reaching out on the eve of Joe Biden's inauguration two years ago.

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