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☆ Will inflation come down this year? Investors seek clues in corporate results
▼ + stars: | 2023-07-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

It’s not just in the United States, either. Coming up: Two major measures of inflation in the United States are out this week — the Consumer Price Index on Wednesday and Producer Price Index on Thursday. On Friday morning, earnings reports for the second quarter kick off with JPMorgan Chase, Wells Fargo, Citi and BlackRock all reporting. Her Many Horses joined Wells Fargo in 2018 as senior vice president in middle market banking to focus on rebuilding the bank’s Native American banking effort. Wells Fargo Native American Banking is the leading provider of capital and financial services to Native American and Alaska Native markets, according to a statement from the company.

Persons: they’re, Jerome Powell, Christine Lagarde, ”, Albert Edwards, Edwards, it’s, Lael Brainard, Price, Michael Barr, Barr, ” Barr, Elisabeth Buchwald, Wells Fargo, Dawson, “ Dawson, Ruth Jacks, Wells Organizations: New, New York CNN, Federal, Kansas City Fed, Monetary Fund, European Central Bank, Societe, National Economic Council, JPMorgan Chase, Citi, BlackRock, Rosebud Sioux, Wells, Wells Fargo Commercial Banking, American Banking Locations: New York, United States, Wells Fargo, Wells, Dawson, Rosebud, South Dakota, American, Alaska

☆ ESPN's layoffs underscore its desperate need for a post-cable lifeline, but analysts are split on Disney's streaming plan that puts $20 billion of revenue at risk
▼ + stars: | 2023-07-07 | by ( James Faris | ) www.businessinsider.com time to read: +13 min

But that plan carries serious risk, as it would jeopardize still-sizable cable revenue without guaranteeing that enough sports fans would support such a product. Several other analysts — including Barton Crockett of Rosenblatt Securities, who has a buy rating for Disney shares — seconded those concerns about cannibalizing cable revenue. Nollen estimated 35 million current cable customers would switch to ESPN DTC. ESPN DTC is zero incremental cost and potentially billions in incremental revenue." An ESPN streamer (in light purple) would gradually drive revenue for Disney, Wells Fargo predicts.

Persons: Disney, that's, Jalen Rose, Todd McShay, Bob Iger, Macquarie's Tim Nollen, Nollen, Barton Crockett, —, Crockett, who'd, Will, you've, they'll, William Cohan, Cohan, Joe Bonner, Bonner, Brandon Nispel, Iger, Nispel, We've, Jason Bazinet, Bazinet, Hulu —, Wells Fargo's Steven Cahall, Cahall, Wells Organizations: ESPN, Disney, Bank of America, NBA, Sports, ESPN Disney's ESPN, Rosenblatt Securities, ESPN DTC, Will Disney, Citigroup, NFL, NBC, Apple, Comcast, NBC Sports, Netflix Netflix, Hearst, Argus Research, Netflix, KeyBanc, Hulu, DIS, Wells Fargo Sports Locations: Wells Fargo, it's, Wells, Hulu, Puck

☆ Brookfield to buy annuities provider American Equity in $4.3 bln deal
▼ + stars: | 2023-07-05 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

July 5 (Reuters) - Canadian investment firm Brookfield (BN.TO) on Wednesday agreed to buy the remaining stake in American Equity Investment Life Holding (AEL.N) that it did not already own, valuing the long-sought-after annuities provider at $4.3 billion. It represents a 35% premium to AEL's last closing price on the New York Stock Exchange before media reports of a possible takeover bid from Brookfield emerged. The deal consists of $38.85 in cash and the rest in shares of Brookfield Asset Management's (BAM.TO). AEL shares had touched a record-high of $53.68 when the bid was announced on June 27 and have been trading around the same levels. If the deal is terminated, AEL has agreed to pay Brookfield Reinsurance a termination fee of $102 million.

Persons: Jon Bayer, Manya Saini, Nivedita Bhattacharjee, Arun Koyyur Organizations: Equity Investment Life, AEL, Elliott Investment Management, Prosperity, Brookfield, New York Stock Exchange, Brookfield Asset, FIA, Athene, Massachusetts Mutual Life Insurance, Thomson Locations: Brookfield, Athene Holding, Bengaluru

☆ I got approved for Global Entry in 4 days. Here's what I did to speed up the approval process.
▼ + stars: | 2023-07-03 | by ( Jesse Collier | ) www.businessinsider.com time to read: +4 min

Jesse Collier got approved for Global Entry in 4 days. Global Entry is a program offered by US Customs and Border Protection (CBP) that allows for swift entry through airport customs for pre-screened travelers. Currently, US citizens, lawful residents, and nationals from a handful of countries, such as Mexico and the United Kingdom, are eligible for Global Entry. You should receive your Global Entry card in the mail in about two weeks. Getting approved for Global Entry may seem daunting, but if you travel often, especially internationally, your future self will thank you.

Persons: Jesse Collier, Collier, you've, you'll Organizations: Global, Morning, Department of Homeland Security, US Customs, Border Protection, TSA, Customs, Twitter Locations: Mexico, United Kingdom

☆ Analysis: Nigeria's Tinubu faces daunting hurdles after reform sprint
▼ + stars: | 2023-06-27 | by ( Macdonald Dzirutwe | ) www.reuters.com time to read: +6 min

Nigeria today faces record debt, unemployment is worryingly high, and power shortages have contributed to years of anaemic growth. "The path to political power in Nigeria, over time, has always been through these vested interests," said Bismarck Rewane, CEO at Financial Derivatives Company in Lagos. ENTRENCHED NETWORKSTinubu's ambitions to build a $1 trillion economy in eight years could come unstuck in part due to chronic power shortages. Getting the lights on would be a major win, but to do so some say Tinubu must remove grid subsidies and cut red tape. Tinubu suspended the head of the financial and economic crimes agency, but has yet to outline an anti-graft plan.

Persons: Bola Tinubu, Jason Tuvey, Bismarck Rewane, Tinubu, Tunau Taiwo, Nnamdi Obasi, Prince Ojeabulu, Muhammadu Buhari, jihadists, beholden, Joe Bavier, Conor Humphries Organizations: New, Capital Economics, Financial Derivatives Company, International, Rensource Energy, Nigeria Delta, Observers, Thomson Locations: Nigeria, LAGOS, New Nigerian, Lagos

☆ Chicago is spending over $17 million to add miles of new bike lanes — all in hopes of curbing segregation and boosting racial equity
▼ + stars: | 2023-06-21 | by ( Helaine Krysik | ) www.businessinsider.com time to read: +8 min

Chicago's cycling community has exploded in recent years, and the city plans to add 150 more miles of lanes to accommodate this growth. The new, ambitious Chicago Cycling Strategy from the Chicago Department of Transportation, worth over $17 million, includes expanding Chicago's bike network by designing and implementing 150 miles of low-stress bikeways over the next several years. If you have friends that ride, ride together, if you have family members that are willing to ride, especially older ones, ride with them. Earlier in the pandemic, Chicago launched a program to give away 5,000 bikes to eligible Chicago residents by 2026. Green Corps participants have helped to assemble the bikes in the Bike Chicago program.

Persons: Jesus Barajas, Davis, CDOT, Gia Biagi, Kevin Womac, it's, It's, Biagi, Womac Organizations: Morning, University of California, Active Transportation Alliance, Chicago, Chicago Cycling, Chicago Department of Transportation, Bike Chicago, Green Corps, West Town Locations: Chicago, Milwaukee, Chicago's Black, bikeways, Belmont Cragin, North Lawndale, Chicago's Logan, Bridgeport

CNN —Hunter Biden, the son of President Joe Biden, will plead guilty to two tax misdemeanors and struck a deal with federal prosecutors to resolve a felony gun charge, the Justice Department said Tuesday in court filings. Trump criticized the Hunter Biden plea deal on Truth Social. Hunter Biden’s legal team sought a meeting with the Justice Department in April, which Weiss attended, and where Hunter Biden’s lawyers gave a presentation detailing why they believe Hunter Biden shouldn’t be charged. Part of their argument included that Hunter Biden paid back taxes owed, including penalties. Correction: This story has been updated to reflect that Hunter Biden is pleading guilty to two tax charges and struck a deal to resolve the gun charge.

Persons: CNN — Hunter Biden, Joe Biden, Hunter Biden, Biden, Donald Trump, Trump, David Weiss, Hunter, Christopher Clark, Department’s, “ Hunter, ” Clark, ” “, ”, Ian Sams, Hunter Biden’s, Weiss, Hunter Biden shouldn’t, Prosecutors, Clark, “, Garland, Justice Department wouldn’t, Christopher Wray, he’s, Beau . Hunter Biden, Melissa Cohen, Jake Tapper, –, He’s, ” Joe Biden, Department’s prosecutorial, “ I’m, I’m, Tapper, “ That’s, it’s, General Merrick Garland, Justice Department’s, CEFC, Obama Organizations: CNN, Justice Department, Internal, Service, Trump, Government, House, Truth, Biden DOJ, Republican, Democratic, IRS, FBI, Department, people’s Justice Department, Hunter, Justice, CEFC China Energy, White, Yorker, State Department Locations: Delaware, Wilmington, China, Ukraine, United States

☆ Neptune Retail to buy Coupons.com-parent for $430 mln
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - Retail marketing firm Neptune Retail Solutions will acquire Coupons.com-parent Quotient Technology (QUOT.N) for $430 million in cash, the companies said on Tuesday. Quotient's shares jumped about 17% in the early session and were trading 9 cents shy of the $4 offer price. Its clients include some of the world's biggest consumer companies such as Kellogg's (K.N) and Coca-Cola (KO.N). Private investment firm Charlesbank Capital Partners, which is a major shareholder of Neptune, will be the majority investor in the combined company. Houlihan Lokey is serving as a financial adviser to Quotient, while PJT Partners is advising Neptune.

Persons: Quotient's, William Redmond, Houlihan Lokey, Samrhitha, Anil D'Silva Organizations: Retail, Neptune Retail, Reuters, Charlesbank Capital Partners, PJT Partners, Neptune, Thomson Locations: U.S, Bengaluru

☆ Patients left to wait by Britain’s public health service turn to crowdfunding
▼ + stars: | 2023-06-18 | by ( Caolán Magee | ) edition.cnn.com time to read: +7 min

“If we had to wait another two years on an NHS waiting list – Holly might not have made it,” Thomas told CNN. So, her family decided to pursue private medical treatment instead and have exceeded their £5,000 target through crowdfunding website JustGiving. Bruce Viveash/Harrow Borough FC“It took a big hit on my bank account but I had to use private healthcare to save my football career. An increasing number of Britons are paying out-of-pocket to access private healthcare directly. This is “a sad state of affairs,” Wrigley told CNN.

Persons: Holly Reeves, Holly, –, “, Amy Thomas, ” Thomas, David Wrigley, GoFundMe, ” John Coventry, ” GoFundMe, ”, James Taylor, Steve Baker, Taylor, Bruce Viveash, ” Taylor, ” Wrigley Organizations: London CNN, CNN, National Health Service, Foundation Trust, Consumer, National Insurance, British Medical Association, BMA, NHS, crowdfunding, Harrow Borough, Harrow Borough FC “, Private Healthcare Information, OECD, Department of Health, Social Care Locations: Devon, Torbay, South Devon, United States, England, Britain

☆ Trump ignored his legal team's advice to settle the classified documents case. Instead, he listened to a conservative activist.
▼ + stars: | 2023-06-15 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

Trump reportedly rejected his legal team's proposal to try to settle the classified documents case. He instead took the advice of a conservative activist who urged him to fight, The Washington Post reported. However, Trump dismissed that strategy, and Kise never approached prosecutors, three people briefed on the matter told The Washington Post. Fitton was blamed by several Trump advisors for convincing the former president that he could hold on to the classified documents, according to The Washington Post. Trump pleaded not guilty in Miami federal court on Tuesday to the Justice Department's 37-count indictment against him.

Persons: Trump, Department's, —, Donald Trump, Justice Department —, Christopher Kise, General Merrick Garland, Kise, Tom Fitton, Fitton, filet mignon Organizations: Washington Post, Service, Justice Department, Trump's Mar, Judicial, The Washington Post, Trump, The Washington, Wednesday Locations: Lago, Palm Beach , Florida, Miami

☆ Explainer: Reddit protest: Why are thousands of subreddits going dark?
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +4 min

Subreddits such as r/Music, r/gaming, r/science and r/todayilearned - all with more than 30 million subscribers - are participating. Unlike most other social media platforms, Reddit is heavily dependent on community moderators, "or mods", who police their subreddits for free to weed out offensive or illegal content. What are third-party app developers saying? Elon Musk's Twitter in January restricted all third-party clients and apps and updated their rules for developers accessing its APIs. Reporting by Tiyashi Datta, Akash Sriram and Jaspreet Singh in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Reddit, Steve Huffman, Christian Selig, Huffman, Elon, Tiyashi Datta, Akash Sriram, Jaspreet Singh, Devika Organizations: Apple Inc, Microsoft, New York Times, Elon Musk's Twitter, Twitter, Thomson Locations: Bengaluru

☆ Reddit users are planning a 48-hour blackout to protest its new pricing policy
▼ + stars: | 2023-06-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Users are protesting Reddit's new pricing policy that charges third-party apps for using its API. Nearly 3,500 subreddit forums are set to go private for 48 hours on Monday to protest Reddit's new pricing policy, BBC News reported. The user also wrote that if Reddit didn't "fix what they've broken" then the community would take further action. Its developer, Christian Selig, said in a Reddit post that it's being asked by the platform to pay $0.24 for every 1,000 requests to its API. The pricing policy will take effect from July 1.

Persons: Steve Huffman, Reddit, Toptomcat, aren't, Huffman, Christian Selig, Reddit didn't Organizations: BBC News, Google, Microsoft, New York Times

☆ 2 of Donald Trump's lawyers just quit
▼ + stars: | 2023-06-09 | by ( Paul Squire | ) www.businessinsider.com time to read: +3 min

Two of Donald Trump's lawyers have stepped down. They'll no longer represent him in the Mar-a-Lago documents case and the Jan. 6 investigation, per CBS. Trump announced he's being indicted on federal charges over his handling of classified documents. Trump confirmed the two lawyers had departed on his Truth Social page on Friday morning, thanking them for their work. The Justice Department has been investigating Trump over classified documents that were found at his Mar-a-Lago property during an FBI search last summer.

Persons: Donald Trump's, he's, —, they've, Jim, John Rowley, Trump, Todd Blanche, who's, Joe Biden Organizations: CBS, Trump, Service, Justice Department, Biden, Department, Feds, Democratic Party Locations: American, Miami, New York, Lago

☆ University of Chicago Graduates: Go Forth and Argue - The New York Times
▼ + stars: | 2023-06-02 | by ( Bret Stephens | ) www.nytimes.com time to read: +2 min

On Friday, I was the invited speaker for the Class Day Ceremony at the University of Chicago, my alma mater. Campus political groups issued a statement of protest and a few students walked out of the ceremony. To those of you who are protesting or planning a walkout, I thank you for not seriously disrupting my speech. And though I’m sorry you won’t hear me out, I completely respect your right to protest any speaker you dislike, including me, so long as you honor the Chicago Principles. It is one of the core liberties that all of us have a responsibility to uphold, protect and honor.

Persons: Bob Zimmer, John Boyer, charitably, — Organizations: University of Chicago Locations: Chicago

☆ Diamond Sports must pay four MLB teams in full, bankruptcy judge says
▼ + stars: | 2023-06-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Diamond Sports, the owner of regional sports networks, was ordered this week by a bankruptcy judge to make full media rights payments to four Major League Baseball teams. Diamond had already paid the teams up to 75% of the payments owed earlier in its bankruptcy, court papers show. If Diamond doesn't make the remainder of the payments owed to the teams, those teams can walk away from their contracts with the company, a judge ruled. In particular, Diamond has been pushing to hold the direct-to-consumer streaming rights to all MLB teams that air on its networks. Currently, Diamond has deals with all its NBA and NHL teams, plus a handful of MLB teams for the streaming rights.

Persons: Diamond, Rob Manfred Organizations: Ohio, Bally Sports, Cincinnati Reds, Cleveland Guardians, Progressive, Diamond Sports, Major League Baseball, MLB, Arizona Diamondbacks, Texas Rangers, Minnesota Twins, San Diego Padres, Padres, Federal, Court, Diamond, NBA, NHL, The Athletic, Sinclair Broadcast, Sinclair Locations: Cleveland, Houston

NEW YORK/LONDON, June 1 (Reuters) - A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries could alter past and future sovereign debt restructurings covered by New York state law - and Wall Street is watching. Senate Bill S4747, the NY Taxpayer and International Debt Crises Protection Act, "relates to New York state's support of international debt relief initiatives for certain developing countries." The initiative has so far failed to accelerate debt relief talks, while private creditors are not even formally included in this initiative. It would "bring badly needed improvements to the framework for resolving unsustainable sovereign debt burdens," according to Nobel Prize-winning U.S. economist Joseph Stiglitz. If this bill passes, "I would recommend issuers not go through New York law, (but) through London or any other jurisdiction," said Rodrigo Olivares-Caminal, professor of banking and finance law at Queen Mary University of London.

Persons: Bill S4747, Alexander Flood, Patricia Fahy, Kathy Hochul, Joseph Stiglitz, Rishikesh Ram Bhandary, THE BILL, Rodrigo Olivares, Caminal, Rodrigo Campos, Jorgelina, Karin Strohecker, Aurora Ellis Organizations: NY Taxpayer, Senate, Institute of International Finance, Paris Club, China, WHO, Economic, Initiative, Boston, Global, Policy, THE, Queen Mary University of London, Thomson Locations: New York, United States, Ukraine, Sri Lanka, Zambia, Rishikesh, London, Paris, Brazil, Argentina, Rosario

☆ Stocked up on short-term T-bills? Here’s why it might be time to buy longer-term bonds
▼ + stars: | 2023-05-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Short-term Treasury bills have garnered investors' attention as yields pop amid the Federal Reserve's rate hiking campaign and debt ceiling tensions in Washington. This doesn't necessarily mean it's time to cut bait on your short-term bond holdings, however. Issues with longer duration are likely to see greater price fluctuation in response to changes in interest rates. The inverted yield curve also resulted in higher yields for short-term issues, but sharp price declines. Some investors built ladders — that is, a portfolio of bonds with different maturities — to take advantage of those higher yields.

Persons: Paul Olmsted, Bonds, Olmsted, we've, Brenna McLoughlin, Kevin Brady, Callie Cox, Cox Organizations: Morningstar, Treasury, Wealthstream Advisors, Wealthspire Advisors Locations: Washington

☆ Premarket stocks: Will the debt ceiling debate finish the Fed's inflation fight?
▼ + stars: | 2023-05-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Over the last 14 months, the Federal Reserve has taken a deliberate and economically painful approach to combating elevated inflation rates through interest rate hikes. The regional banking crisis and a possible debt-ceiling induced default on US debt could change all of that. What’s happening: There are two policy options that the Fed can use to address elevated inflation. For the first quarter, Lowe’s said overall sales fell 5.5% to $22.3 billion. Home Depot missed on first quarter sales and lowered its outlook for the year after customers slowed their spending.

Persons: shouldn’t, ”, Laurence Ball, Edward Boehne, Jerome Powell, Ben Bernanke, Powell, Ball, there’s, Austan Goolsbee, “, Julian Brigden, Bernanke, ” Bernanke, Olivier Blanchard, Bryan Mena, Blanchard, David Goldman, Parija, Lowe’s Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Johns Hopkins University, ” Former Philadelphia Fed, Fed, Valley Bank, Signature Bank, Federal Reserve Bank of Chicago, Yahoo Finance, Partners, International Monetary Fund, Brookings Institution, Target, Walmart, Home Depot Locations: New York, ”, Washington ,, America, California

☆ Former White House lawyer says Trump 'will go to jail' as Mar-a-Lago probe gathers momentum, per CNN
▼ + stars: | 2023-05-21 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +4 min

A former White House lawyer believes Donald Trump will go to jail, he told CNN. The DOJ is probing whether Trump obstructed justice in bringing classified documents to Mar-a-Lago. Charges connected with mishandling classified documents are punishable by up to 10 years in prison, per Reuters. Infighting within Trump's legal teamFormer President Donald Trump appears in court for an arraignment, Tuesday, April 4, 2023, in New York. While the Justice Department is probing whether Trump mishandled classified documents, it is also examining his possible efforts to interfere with the 2020 election.

☆ These are the top 10 stocks held by 'Big Short' investor Michael Burry
▼ + stars: | 2023-05-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Michael Burry invested a lot of money into the stock market last quarter, according to 13F filings. The "Big Short" investor who has held a bearish tilt towards stocks initiated 17 new positions last quarter. These are the top 10 stocks held by Burry's Scion Asset Management as of March 31. Burry posted on Twitter on multiple occasions over the last few months that he had a bearish view on stocks. These are the top 10 stocks held by Burry's Scion Asset Management as of March 31.

☆ Elizabeth Holmes will soon have to ditch her black turtleneck for khaki prison garb and will earn as little as 12 cents an hour working on the prison factory line
▼ + stars: | 2023-05-19 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Holmes will soon ditch her turtleneck and work in a factory line, earning 12 cents to a dollar. The disgraced Theranos CEO has been instructed to report to a Texas prison at the end of May. Holmes was convicted on four counts of fraud and conspiracy in January 2022. Elizabeth Holmes will soon be switching out her famous black turtleneck in favor of drab khaki prison wear when she reports to a prison in Texas at the end of the month. At the Texas prison, Holmes will be expected to dress in khaki pants and shirts and will have to dispense with any jewelry exceeding $100 in value, per an inmate admission and orientation handbook.

Compare TD Bank and Wells Fargo TD BankWells Fargo Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightTD Bank vs. Wells Fargo Savings Account ComparisonsThe TD Simple Savings Account and Wells Fargo Way2Save® Savings Account are each bank's standard low-fee savings account. Wells Fargo has a $525 cash bonus for new customers who open any qualifying Wells Fargo savings account by June 27, 2023 (CDs are not eligible, nor are savings accounts through Wells Fargo Private Banking). Winner: TD Bank TD Bank CDs might catch your eye if you're searching for CD variety or special types of CDs. Wells Fargo vs. TD Bank: Frequently Asked QuestionsIs Wells Fargo better, or TD Bank?

☆ Elon Musk says Twitter will try to rehire some of its laid-off staff, and that some of the people he fired 'shouldn't have been' cut
▼ + stars: | 2023-05-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

He told CNBC Twitter "simply did not have the time to figure out" a proper layoff strategy. Musk added that he would likely rehire some laid-off staff "if they're not too mad at us." Elon Musk said Twitter will likely try to rehire some of the thousands of staff he laid off, during an interview with CNBC's David Faber. "Desperate times call for desperate measures," Musk told CNBC. Musk told CNBC that "we simply did not have the time to figure out" the layoff strategy because Twitter had to "get the run rate under control."

☆ Twitter's top users are posting less since Musk takeover last year, Pew Survey shows
▼ + stars: | 2023-05-17 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Twitter's power users are still coming to the app, but fewer are posting on it since Elon Musk's acquisition late last year, according to a survey from Pew Research Center. The new data underscore the challenges facing Twitter's incoming CEO, Linda Yaccarino, who will replace Musk. The Pew survey also showed most of Twitter's content is produced by a small group of power users. "Since Musk's acquisition, 20% of U.S. adults on the site have produced 98% of all tweets by this group," the survey said. Watch: Elon Musk on Twitter's new CEO

[1/6] Mehmet Ali Fakioglu arrives by bus from Istanbul to Hatay to vote during Turkish presidential and parliamentary elections, in Hatay, Turkey May 14, 2023. But as he prepared to cast his ballot, he voiced criticism of the state's slow response to the disaster in which more than 50,000 people were killed. We were forgotten, all of us, on that day, the second day even on the third day. Critics and earthquake survivors have accused Erdogan's government of both a slow response and lax enforcement of building rules - failures they said cost lives. He said around 1.5 million people had left the quake zone, only a portion of whom had registered new addresses for the purpose of voting.

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