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☆ Trump Voter Proved MyPillow's Mike Lindell Wrong. He Wants $5 Million.
▼ + stars: | 2024-05-12 | by ( Brent Crane | ) www.businessinsider.com time to read: +19 min

He called it the Prove Mike Wrong challenge. He entered the Prove Mike Wrong challenge with low confidence he would win the exorbitant pot, estimating he had a 0.5% chance of disproving Lindell's "evidence." He had indeed Proven Mike Wrong, and now Mike must pay. In March, during a rally in Wisconsin, Trump praised him as "the great, legendary Mike Lindell." Jared Bartman for BIUnder deposition in the arbitration proceedings over his refusal to pay Zeidman, Lindell was a tornado of evasion and contradiction.

Persons: Joe Biden's, Mike Lindell, Donald Trump, Lindell, Trump, Bob Zeidman, Zeidman chafed, Mark Zuckerberg, Zeidman, Dennis Montgomery, Montgomery, Lindell's, Mike, Carrie, I've, Jared Bartman, George W, Bush, Mitt Romney's, Barack Obama, Romney, God, Lara Trump, Trump's, MyPillow, Zeidman's, Brian Glasser, Glasser, Zeidman pities Lindell, Biden, He's, he'll Organizations: Trump, Democrats, Oracle, Google, CIA, US, Zeidman, BI, Cleveland Jewish, Republican, Democratic Party, White, Republican National Committee, Lindell, Voting Systems, eTreppid Technologies, Trump International, bewilderment, Lindell Management Locations: Sioux Falls , South Dakota, Sioux Falls, Al Jazeera, Las Vegas, Vegas, Minnesota, Sumerlin, Israel, Trump, Wisconsin, Nevada, Montgomery, Sin City, America

6:41 a.m.: Morgan Stanley raises Carvana price target Morgan Stanley likes what it sees from Carvana after its "operational turnaround." The bank reiterated an underweight rating on the used car retailer but raised its price target to $75 per share from $45. "Throughout 2023, CVNA transitioned from a distressed equity into an operational turnaround with a restructured interest burden," Morgan Stanley analyst Adam Jonas said. The firm downgraded the HVAC stock to neutral from buy and lowered its price target to $68 per share from $74. MU YTD mountain MU year to date — Brian Evans 5:45 a.m.: Morgan Stanley upgrades U.S. Steel There's a big buying opportunity in U.S. Steel after a recent pullback this year, according to Morgan Stanley.

Persons: Morgan Stanley, Baird, Morgan Stanley's, CVNA, Adam Jonas, — Brian Evans, Wells, Mike Mayo, Mayo, Brian Evans, Johnson, Damian Karas, " Karas, Tristan Gerra, Gerra, Carlos De Alba, Alba, De Alba, Fred Imbert Organizations: CNBC, U.S, Steel, Micron Technology, Wells Fargo, Citi, UBS, Johnson, JCI, Micron, MU, Nippon Steel, U.S . Steel, . Steel Locations: Carvana, Wells Fargo, Friday's, U.S

☆ Hartford Total Return Bond ETF yields nearly 5% and prides itself on finding value across the market
▼ + stars: | 2024-05-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

HTRB saw a total return last year of 7.15%, and ranked in the 23rd percentile among its peers, according to Morningstar. The portfolio has 51% of its assets in mortgage-backed securities and 25% in investment-grade credit, according to the fund's website. Compared to many of its peers in the intermediate core plus bond Morningstar category, Hartford Total Return Bond ETF leans a bit more on securitized markets instead of investment-grade corporate debt, according to Morningstar. Finding opportunities Right now, one of the areas Goodman sees value in is agency mortgage-backed securities. Goodman also likes structured finance right now, like collateralized loan obligations, commercial mortgage-backed securities and nonagency residential mortgage-backed securities.

Persons: Campe Goodman, Morningstar, Goodman, HTRB, Morningstar . Goodman, Mike Mulach, Bonds, Fitch Organizations: Hartford, SEC, Wellington, Bloomberg U.S, Morningstar, BB, Poor's, Federal Reserve Locations: Wellington, Eastern Europe

☆ Kris Kim: 16-year-old amateur wows golf world by making cut on PGA Tour debut
▼ + stars: | 2024-05-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

“To be honest it being a par 5, it’s pretty helpful,” he said afterwards, according to the PGA Tour. “(I) always used to watch her, and then ended up falling in love with it myself,” he told reporters before the tournament, per the PGA Tour. And after making the step up to the PGA Tour, Kim now sits in a tie for 36th place, seven shots behind overnight leader Jake Knapp. The American carded a seven-under 64 in his second round to leapfrog Englishman Matt Wallace who sits in a tie for second place with the USA’s Troy Merritt. Meanwhile, three-time major winner Spieth, whose record Kim broke, failed to make the cut as he continued to struggle with a wrist injury.

Persons: Kris Kim, Byron Nelson, Jordan Spieth, ”, “ I’ve, Kim, Ji, Hyun Suh, “, Mike Mulholland, McGregor, Jake Knapp, Matt Wallace, Troy Merritt, Spieth, Knapp, Merritt Organizations: CNN, PGA, LPGA, Boys Locations: McKinney , Texas

☆ Bonds offer income and some volatility protection. Pick out the right bond fund for your portfolio
▼ + stars: | 2024-04-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

That said, in general, most investors would be best served buying a diversified bond fund, said Mulach. What to look for in bond fundsThere are several factors to consider when investing in a bond fund. Intermediate-core durations typically range between 75% and 135% of the three-year average of the effective duration of the Morningstar Core Bond Index. Top Morningstar Bond Funds Ticker Fund Morningstar Category Type 30-day SEC yield Adj. Aggregate Bond ETF can be a great option to simply replicate that index, he said.

Persons: Morgan Stanley, shouldn't, Morningstar, Mike Mulach, Chuck Failla, Failla, Mulach, You'll, Baird, BSBSX Baird, Morningstar's Organizations: Treasury, Federal Reserve, Sovereign Financial, Morningstar, SEC, Mutual, FLTB Fidelity, Fidelity, Hartford, Aggregate

☆ What we learned during the 2024 NFL Draft
▼ + stars: | 2024-04-28 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

CNN —The 2024 NFL Draft drew to a close on Saturday as 257 players were selected by teams from across the league, all hopeful of a bright career lying before them. The 137 selections between Thursday’s first round and Saturday’s fifth round set a record for the longest drought without a quarterback being picked in NFL Draft history. Other offensive players popularInterest in offensive players was high throughout the draft and it was an especially good few days for wide receivers and offensive linemen. Laiatu Latu was the first defensive pick of the NFL Draft. Irrelevant’Jaylen Key is announced as the final pick of the NFL Draft.

Persons: Caleb Williams, Roger Goodell, Gregory Shamus, Williams, Justin Fields, Jayden Daniels, North Carolina’s Drake Maye, –, Michael Penix Jr, J.J, McCarthy, Bo Nix, Penix, Kirk Cousins, Dale Zanine, Reuters “, ” Cousins, Mike McCartney, Mike Garafolo, “, Kirk, ”, Nix, Carolina’s Spencer Rattler, Thursday’s, Marvin Harrison Jr, Pro Football Hall of Famer Marvin Harrison, WRs, Jeff Lewis, Rome Odunze, Malik Nabers, Xavier Worthy, Patrick Mahomes, Kingsley Suamataia, ” Mahomes, Brett Veach, Oregon WR Troy Franklin, Latu, Laiatu Latu, Ruke Orhorhoro, Quinyon Mitchell, Iowa’s Cooper DeJean, Jalyx Hunt, “ It’s, Howie Roseman, Jeff Roberson, You’ve, Key, I’m, Brock Purdy, “ We’ve, Brock Organizations: CNN, Chicago Bears, USC, New York Jets, NFL, Bears, LSU, Washington, New England Patriots, North, Atlanta Falcons, Minnesota Vikings, Denver Broncos, Falcons, New Falcons, USA, Sports, Reuters, New, New Orleans Saints, ESPN, Pro Football Hall of Famer, Arizona Cardinals, Rome, New York Giants, Kansas City Chiefs, Texas WR, Chiefs, BYU, Oregon WR, Ducks, Indianapolis Colts, UCLA, ESPN –, Clemson, Philadelphia Eagles, Houston, ” Eagles, Alabama, Jets, San Francisco 49ers, Super Bowl Locations: Detroit, Nashville, Alabama, New Orleans, Texas, Oregon, Toledo, California

☆ White House plans to limit Biden's graduation speeches as campuses erupt in protests
▼ + stars: | 2024-04-27 | by ( Mike Memoli | ) www.cnbc.com time to read: +6 min

Two White House officials noted that the number of speeches for Biden and Harris is similar to the two previous years. Another White House official declined to preview how Biden might address the campus unrest. Biden campaign officials say that despite the media focus on campus protests, public polling and their own research show that young voters are more concerned with other issues. "We know from the conversations we have that young voters are planning to vote, and voters are planning to vote for us," she said. Rep. Ro Khanna, D-Calif., visited multiple Wisconsin college campuses this week as a member of the Biden campaign's national advisory board.

Persons: Joe Biden, Kamala Harris, Biden, Harris, Jill Biden, Barack Obama, Karine Jean, Pierre, John Della Volpe, Della Volpe, Eve Levenson, aren't, Levenson, Ro Khanna, It's Organizations: U.S, Capitol, Montgomery County Community College, Morehouse College, U.S . Military Academy, West, Air Force Academy, White House, Barnard College, Joplin High School, White, Harvard University, Harvard Kennedy School Institute of Politics, Biden campaign's, Freedoms, Democratic, Biden, Harvard Locations: Blue Bell, Valley Forge , Pennsylvania, U.S, West, Virginia, Florida, Gaza, Wisconsin

☆ Kanye West appears to confirm 'Yeezy Porn' site and is planning to work with Stormy Daniels' ex-husband, reports say
▼ + stars: | 2024-04-27 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +2 min

Kanye West appears to have confirmed reports that he is launching an adult entertainment studio. The rapper, now known as Ye, shared a now-deleted post about his new venture: "Yeezy Porn." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementYe, formerly known as Kanye West, appears to have confirmed reports that he's set to launch an adult entertainment site. The six-second clip featured a voice directing followers to "go to yeezy.com," while the screen read: "Yeezy Porn Is Cumming," Rolling Stone reported.

Persons: Kanye, Ye, He's, Stormy Daniels, —, Cumming, Mike Moz, I've, it's, Moz Organizations: Service, Vixen Media, TMZ, Business, Adidas Locations: Chicago

☆ South Africa’s democracy is turning 30 – but a silent crisis threatens its hard-fought gains
▼ + stars: | 2024-04-26 | by ( David Mckenzie | Sarah Dean | ) edition.cnn.com time to read: +9 min

Soweto, South Africa CNN —Seth Mazibuko strides into the intersection of Moema and Vilakazi Street in Soweto, gesturing to the spot that changed South African history. Cars are used as roadblocks on June 21, 1976, during unrest in Soweto, South Africa, stemming from protests against the use of Afrikaans in schools. But as South Africans celebrate 30 years of democracy this week, many educators and activists believe that there is a crisis hollowing out the country’s education system – a crisis that threatens democracy’s hard-fought gains. Despite substantial education funding, South African students consistently rank among the lowest in global assessments of literacy and numeracy skills. South Africa has the highest unemployment rate in the world and many university graduates struggle to enter the workforce.

Persons: South Africa CNN — Seth, ”, Mazibuko, Mike Mizleni, Prince Mulwela, Angie Motshekga, Motshekga, Nelson Mandela, Walter Dhladhla, it’s, Ann Bernstein, Bernstein, Morris Isaacson, “, ‘, ’, General, Mbali Msimanga, Atlegang Alcock, Mandela Organizations: South Africa CNN, Black South, Getty, Keystone, Hulton, “, Morris Isaacson High School, CNN, South, Basic, African National Congress, ANC, of Development, Enterprise, Corruption, South African Democratic Teachers Union, Cape Town Locations: Soweto, South Africa, Moema, gesturing, AFP, Africa, Canada, Kenya, Oshlange, Black, Durban, South Africa's, Johannesburg, Robben, Cape

☆ Kirk Cousins: Atlanta Falcons pick QB Michael Penix Jr. in NFL Draft. Current starter’s camp ‘had no idea’ of surprise move
▼ + stars: | 2024-04-26 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —The Atlanta Falcons surprised the NFL world on Thursday, selecting quarterback Michael Penix Jr. with the No. They also expressed their excitement in having someone to help them win right now in the former Minnesota Vikings QB, while also being able to build for the future with Penix Jr. Morris said that Cousins’ reaction when he was informed that the team would be selecting Penix Jr. would remain private. The Falcons are hoping a similar tactic works for them, now that Cousins and Penix Jr. are at the franchise. Penix Jr. performs in the 2024 NFL Combine.

Persons: Michael Penix Jr, Kirk Cousins, Cousins, Penix Jr, Mike McCartney, ” McCartney, Mike Garafolo, “, Kirk, Terry Fontenot, Raheem Morris, Morris, Penix, ” Morris, “ It’s, ” Cousins, Mike Stewart, Jordan Love, Aaron Rodgers, Rodgers, grumbled, Love, that’s, Kirby Lee, Kirk’s, Michael, ” Penix, Patrick Mahomes Organizations: CNN, The Atlanta Falcons, NFL, Falcons, Atlanta, Minnesota Vikings QB, Packers, New York Jets, National Football League, USA, Reuters, Washington, FBS Locations: New York, Cousins, Indiana, Washington

☆ Expect Citigroup stock to double by the end of 2026, says Wells Fargo's Mike Mayo
▼ + stars: | 2024-04-24 | 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 EmailExpect Citigroup stock to double by the end of 2026, says Wells Fargo's Mike MayoMike Mayo, Wells Fargo senior bank analyst, joins 'Squawk Box' to discuss the state of the banking sector, why Citigroup is his top bank stock pick, impact of Citi's restructuring, and more.

Persons: Wells, Mike Mayo Mike Mayo Organizations: Citigroup Locations: Wells Fargo

☆ Aden Durde: He first opened doors to the NFL for international players. Now, he’s a historic coordinator
▼ + stars: | 2024-04-24 | by ( Ben Morse | ) edition.cnn.com time to read: +10 min

Just as the offseason kicked off in mid February, Durde was hired to become the Seattle Seahawks’ new defensive coordinator, becoming the first British coordinator in NFL history. Durde’s first exposure to the NFL came in 2005 when – as part of the NFL International Development Practice Squad program, an early predecessor to the IPP – he spent some time on the practice squad of the Carolina Panthers. He spent three seasons as part of the Falcons’ defensive coaching staff, working across a number of roles under head coach Dan Quinn. His permanent hiring in 2018 meant Durde became the first British full-time coach in NFL history. Under Durde’s stewardship, Dallas’ defensive line developed into one of the most feared in the league, in particular star linebacker Micah Parsons.

Persons: Aden Durde, Durde, “, hasn’t, ” Durde, that’s, –, ”, Bill Walsh, Dan Quinn, Carmen Mandato, ” It’s, Efe Obada, Jordan Mailata, Wales rugby international Louis Rees, Zammit, Mailata, Louis, Rees, Jeff Ulbrich, he’s, He’s, Micah Parsons, Parsons, Pro Bowler, Roger Steinman, Mike McDonald –, Dallas, Pete Carroll Organizations: CNN, NFL, Seattle Seahawks, American, Atlanta Falcons, CNN Sport, London Olympians, Scottish, Hamburg, Devils, Carolina Panthers, Kansas City Chiefs, London Warriors, Dallas Cowboys, Brit Osi, IPP, Washington, Philadelphia Eagles ’, Wales rugby international, Eagles, ”, Falcons, Atlanta Journal, Cowboys, Dallas, Seahawks, Durde Locations: Aden, British, London, Britain, Greenwich, NFL Europe, Hamburg’s, Europe, Atlanta, Texas, Durde’s, Dallas, Seattle

This month, President Biden threw one of the most lavish state dinners in Washington’s recent memory. Celebrities and billionaires flocked to the White House to dine in honor of Prime Minister Fumio Kishida of Japan, posing for photos in front of an elaborate display of Japanese fans. The spectacle was part of a carefully orchestrated series of events to showcase the renewed U.S.-Japan relationship — and the notable transformation of the United States’ security alliances in Asia. Over the past several years, Washington has built a series of multilateral security arrangements like these in the Asia-Pacific region. Although U.S. officials claim that the recent mobilization of allies and partners is not aimed at China, don’t believe it.

Persons: Biden, Fumio Kishida, Jeff Bezos, Paul Simon, —, Ferdinand Marcos Jr, Kishida Organizations: United Locations: Japan, U.S, United States, Asia, Philippines, China, Washington, Pacific, South China, Taiwan Strait

☆ How 9 Gangs and Mafias Actually Work, From the Crips to Hells Angels
▼ + stars: | 2024-04-23 | by ( David Ibekwe | Ju Shardlow | ) www.businessinsider.com time to read: +3 min

Pellerano discusses gang life in New Orleans, where the gang spread from its home base in Chicago. He speaks with BI about tattooing, rules and codes, media perception, and the political language used to depict the gang. Mike Moy says he was a gang member in New York City's Chinatown, having been recruited in the 1970s. He later founded the YouTube channel Chinatown Gang Stories, where he speaks with former gang members about their lives. He speaks with BI about the ways the yakuza makes money, such as extortion and protection rackets.

Persons: Tyrone White, White, Andy, Pellerano, Alex Sanchez, Omar Sharif, John Pennisi, Gambino, John Gotti Jr, Lucchese, Pennisi, Jay Dobyns, general's, Jimmy Tsui, Mike Moy, Moy, Yuyama Shinya, Andy Pellerano www.oneaccordministries.net, Alex Sanchez www.homiesunidos.org Omar Sharif www.omarinspires.com John Pennisi, Jay Dobyns www.jaydobyns.com Organizations: Menlo, South Central, Bloods, Business, Hells Angels, ATF's National Academy, Dobyns, United, Valor, ATF, National Association of Police, New York City Police Department, YouTube Locations: South, South Central Los Angeles, New Orleans, Chicago, Los Angeles, London, United States, Tung, New York, Chinatown, Hong Kong, Japan

☆ By passing Ukraine aid, the accidental speaker became an unlikely Churchill
▼ + stars: | 2024-04-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —Republican Speaker Mike Johnson showed political courage that is rare in Washington and notable legislative skill for an inexperienced leader in forcing a long-delayed $60 billion aid bill for Ukraine through the House of Representatives on Saturday. And 112 Republicans — a majority of the conference — voted against the Ukraine bill. And any Republican speaker propped up by Democrats might hemorrhage support among GOP lawmakers and be forced to resign. “As we deliberate on this vote, you have to ask yourself this question: Am I Chamberlain or Churchill?” he said. The accidental speaker makes an unlikely Churchill, but on Saturday he proved to be a far more daring and substantial figure than many of his Republican and Democratic critics previously believed.

Persons: Mike Johnson, Johnson, Vladimir Putin, Ronald Reagan, Joe Biden’s, “, Donald Trump, Volodymyr Zelensky, ”, ” CNN’s Frederik Pleitgen, Putin, —, Biden, Marjorie Taylor Greene, Greene, Johnson —, Kevin McCarthy’s, Marc Molinaro, CNN’s Manu Raju, Trump, Zelensky, Trump’s, Hakeem Jeffries, Mike Quigley, It’s, ” Quigley, Chuck Schumer, Jeffries, Mike McCaul, ‘, it’s, McCaul, Chamberlain, Churchill Organizations: CNN, West, GOP, America, MAGA, United States House, Representatives, Ukraine, Republican Party, Trump, Republicans, Georgia, Mar, Democratic, Congressional Ukraine Caucus, Illinois Democrat, Foreign, Texas Republican, Republican Locations: Washington, Ukraine, Russian, Louisiana, United States, Russia, Europe, Iran, China, Israel, Taiwan, Mexico, Georgia, New York, Kyiv, Texas, Nazi Germany

☆ Canada’s gold heist: Inside one of the biggest thefts in the annals of crime
▼ + stars: | 2024-04-20 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +13 min

“One which we jokingly say belongs in a Netflix series.”A truck driver with a fraudulent waybill for a seafood shipment picks up the container. Instead of a load of farm-raised seafood, the truck driver pulled away from the loading dock with loot. “They needed people inside Air Canada to facilitate this theft,” Peel Regional Police Det. In its legal response to the Brink’s lawsuit, Air Canada has denied it was “careless” and its security lax. Canadian police had identified him as the truck driver early in the investigation but had not been able to locate him.

Persons: ”, Nishan Duraiappah, Nando Iannicca, Canada “, ” Duraiappah, ’ ” Patrick Brown, –, Mike Mavity, Mavity, couldn’t, “ We’re, ” Mavity, “, it’s, Brink’s, Eric, “ They’re, Nick Milinovich, Duraiappah, CNN’s Paula Newton, Fabiana Chaparro Organizations: CNN, Toronto Pearson International, Air Canada, ” Peel Regional Police, Netflix, Peel Regional Police, Peel, Canadian, CSI, Vancouver Bullion & Currency Exchange, Air, Police, ” Air Canada, Authorities, Alcohol, Tobacco, Firearms, Explosives, ” Police, Investigators, Court, Middle, Middle District of Pennsylvania, ” Peel Locations: Zurich, Switzerland, Canada, Pennsylvania, Florida, Georgia, Brampton, Toronto, Air Canada, United Kingdom, Dubai, India, Franklin County , Pennsylvania, Philadelphia, Middle District, Atlanta

☆ Goldman Sachs is strong, Netflix raises questions: What we learned from earnings this week
▼ + stars: | 2024-04-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Of those companies, 73.6% have beaten earnings expectations, FactSet data shows. Investment banks doing well, BofA not so much The major banks that posted results this week — Goldman Sachs , Morgan Stanley and Bank of America — beat earnings expectations. Bank of America shares fell more than 3% despite the company beating on both top and bottom lines. Mixed earnings picture Although nearly three-quarters of the reported earnings so far have topped expectations, the broader earnings picture is more muddled. The blended earnings growth rate, which considers the reports already out and the estimates from those still pending, sits at just 0.16%.

Persons: — Goldman Sachs, Morgan Stanley, Alastair Borthwick, Wells, Mike Mayo, Goliath, Mayo, Goldman Sachs, Wells Fargo's Mayo, Goldman, Ebrahim Poonawala, cyberattack, George Hill, Doug Anmuth, Jessica Reif Ehrlich, Canaccord Genuity, Chris Harvey Organizations: Investment, Bank of America —, Bank of America, Bank of America's, JPMorgan, Wells, of America, Deutsche, Netflix, NFLX's, Revenue, Microsoft, Exxon Mobil

☆ Here's what to know about adding foreign bond exposure to your portfolio
▼ + stars: | 2024-04-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Investors have been raking in income thanks to attractive yields in the U.S. bond market. Investing in global bond funds Individual investors can add exposure to foreign bonds through global bond funds. There are hedged funds, which hedge foreign currency exposure back to the U.S. dollar and therefore reduce currency risk. "It's good to be diversified because foreign bond exposure is a massive part of the global bond markets," Mulach said. Here are Morningstar's top picks for global bond exposure: The Pimco strategies keep the bulk of their non-U.S. currency exposure hedged back to the U.S. dollar.

Persons: Rick Rieder, Rieder, Collin Martin, Martin, It's, Mike Mulach, Mulach, Rick Rieder's, Darla Mercado Organizations: BlackRock, SEC, Investment, U.S ., European, European Central Bank, Federal, Schwab Center, Financial Research, Morningstar, U.S, Strategic Global Bond Fund, Investor, Morningstar . Dodge, Cox's Global Bond Fund Locations: U.S, Europe, BlackRock, Mexico, Brazil

☆ Airline worker among six arrested in $22M airport gold heist. Police say it was an inside job
▼ + stars: | 2024-04-17 | by ( Paula Newton | ) edition.cnn.com time to read: +3 min

The gold and currency had just arrived on an Air Canada flight from Zurich, Switzerland. At least two former Air Canada employees allegedly helped in the audacious theft, police say. “They needed people inside Air Canada to facilitate this theft,” Detective Sgt. “This was the largest gold heist in Canadian history, reportedly, it’s the sixth largest in world crime history,” said Deputy Police Chief Nick Milinovich. “I don’t think I ever imagined they’d have to deal with the largest gold heist in Canadian history, it’s almost out of an Ocean’s Eleven movie or a CSI.

Persons: Mike Mavity, ”, ” Peter Fitzpatrick, “, Eric, it’s, Nick Milinovich, Patrick Brown Organizations: Ottawa CNN —, Toronto’s Pearson International Airport, Police, Air Canada, Air, Peel Regional Police, US, of Alcohol, Tobacco, Firearms, Explosives, ATF, ” Police Locations: Canada, Zurich, Switzerland, Air Canada, Peel, Pennsylvania, Ontario, Brampton , Ontario

☆ News publishers group urges government to investigate Google for blocking some California news outlets
▼ + stars: | 2024-04-16 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

The move from Google, which drew swift backlash, came over a proposed law that would require tech companies to pay for news content. On Friday, Google announced it had begun removing links to California news websites for some users in response to the bill that would force Google, Meta and others to pay news outlets for their content. “No one company should be permitted to control information so singularly that it can make decisions to the detriment of society, as Google has done in California,” Coffey said. “This is a breach of public trust and we call on Google Executives to answer for this stunt.”Charles F. Champion, the president and CEO of the California News Publishers Association, said the move by Google was suppressing California news. “Google is not above the law, and they should not be allowed to act as if they are.”

Persons: California’s Unruh, Danielle Coffey, ” Coffey, “, Tempore Mike McGuire, ”, Charles F Organizations: CNN, Google, Media Alliance, Department of Justice, Federal Trade Commission, California, Law, UCL, Pro, Tempore, California Journalism, California News Publishers Association Locations: California, America

☆ Three ways investors can minimize their tax payments
▼ + stars: | 2024-04-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

It’s particularly difficult for investors, he said, who have to report their earnings and losses from the market to the IRS. As an alternative, Harris, who currently heads financial services firm Evergreen Money and recently authored a book about reducing tax burdens, shared his three biggest tax tips for investors with Before the Bell. So for tax purposes, selling securities that have lost value can offset the taxes due on gains from successful investments. If your losses exceed your gains, you can carry the net loss (total losses minus total gains) into the next tax year, potentially reducing future tax burdens. If you have three children and two parents, that’s $108,000 in tax free money a year, Harris said.

Persons: They’ll, ”, Bill Harris, It’s, Harris, “, Roth, hasn’t, “ you’re, Laura, Anna Cooban, Brent, Germany’s DAX, Read, Tempore Mike McGuire Organizations: New, New York CNN, National Taxpayers Union Foundation, Paypal, CNN, Evergreen Money, Bell, Investments, Brent, Traders, CAC, FTSE, Nikkei, International Energy Agency, ANZ, Google, California Journalism, Meta, California, Pro, Tempore, ” Locations: New York, United States, Israel, Iran, Tehran, Syria, Shanghai, Paris, California, America

☆ Goldman was 'best of breed' in Q1 for capital markets, says Wells Fargo's Mayo
▼ + stars: | 2024-04-15 | 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 EmailGoldman was 'best of breed' in Q1 for capital markets, says Wells Fargo's MayoMike Mayo, Wells Fargo managing director, joins 'Closing Bell' to discuss Mayo's thoughts on Goldman Sachs post-earnings, the overall bank sector, and more.

Persons: Goldman, Wells Fargo's, Wells Fargo's Mayo Mike Mayo, Goldman Sachs Organizations: Wells Locations: Wells Fargo's Mayo, Wells Fargo

☆ Franchisees say it's them, not big corporations, who are the real losers of California's $20 fast-food wage
▼ + stars: | 2024-04-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Restaurant franchisees say they're the real losers of California's $20 fast-food minimum wage. AdvertisementFranchisees say they have to bear the brunt of California's new $20 minimum wage for fast-food workers. But the $20 wage applies to both corporate-owned and franchise restaurants, even if the franchisee just owns one or two restaurants. She added that the new $20 wage felt like an "unfair target on our backs." "You're going to have to have the mega owners as they're called, or 20 stores, a hundred stores, 500 outlets.

Persons: —, Keith Miller, Brian Hom, We're, Hom, Miller, he'd, Mike Mangoine, Jessica D'Ambre, D'Ambre, Matthew Haller, Burger King, they're Organizations: Service, Business, Subway, McDonald's Corporation, Los Angeles Times, Times, International Franchise Association, Taco Bell Locations: California, San Jose , California, Los Angeles, Inland, Burger, McDonald's

☆ Google removes links to California news sites, citing proposed state law requiring payment to publishers
▼ + stars: | 2024-04-13 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —Google is removing links to California news websites in reaction to proposed state legislation requiring big tech companies to pay news outlets for their content, the company announced Friday in a blog post. “It’s time they start paying market value for the journalism they are aggregating at no cost from local media.”Charles F. Champion, the president and CEO of the California News Publishers Association, said Google is suppressing California news. Google has not responded to CNN’s request for comment about the current state of talks with the Canadian government. The company had a similar reaction to a 2021 Australian law that would require platforms to compensate Australian news outlets for using their content. Google said at the time it would pay publishers through its Google News Showcase instead of paying them for links.

Persons: Tempore Mike McGuire, ”, Assemblymember Buffy Wicks, “, Charles F, we’ve, CJPA, Jaffer Zaidi Organizations: New, New York CNN, Google, California Journalism, Meta, California, Pro, Tempore, ”, California News Publishers Association, Global, Australian Competition, Consumer Commission Locations: New York, California, America, Canada, Australian, Australia

☆ Here come JPMorgan's earnings. These are the key things traders are watching for in the report
▼ + stars: | 2024-04-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The banking giant is expected to report earnings of $4.15 per share and $41.84 billion in revenue, according to LSEG. Many analysts also anticipate an upward revision to net interest income guidance, with the firm already forecasting $90 billion for the full year. Graseck views JPMorgan as one of the best-positioned stocks for upward net interest income revisions, also highlighting its significant excess capital relative to others within the firm's coverage. What else to watch If not during earnings, this upward guidance adjustment to net interest income could occur at JPMorgan's investor day in May, she said. Another key figure some analysts are watching is earnings from First Republic, which the company took over in May 2023 .

Persons: JPM, Piper Sandler's Scott Siefers, Morgan Stanley's Betsy Graseck, Graseck, Goldman Sachs, Richard Ramsden, America's Ebrahim Poonawala, Erika Najarian, NII, Wells, Mike Mayo, Ramsden Organizations: JPMorgan, Wall Street, Management, Bank, America's, First Locations: buybacks, First Republic, Republic

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