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☆ ‘Mrs. Davis’ Review: Algorithm and Blues
▼ + stars: | 2023-04-19 | by ( James Poniewozik | ) www.nytimes.com time to read: +2 min

The pilot introduces Simone (Betty Gilpin), a sister in a remote Nevada convent who has a sideline exposing dishonest magicians. Besides leaving her time for her hobby, convent life lets her avoid the reach of an omniscient A.I. Davis” in America, “Mum” in Britain, “Madonna” in Italy and so on — has not given up on Simone. Simone, Mrs. Davis believes deep in her code, is the one person equipped to carry out a mission: to find and destroy the Holy Grail. Simone agrees, hoping the quest will be a means to Mrs. Davis’s unplugging.

☆ Premarket stocks: The earnings recession is here. There could be worse to come
▼ + stars: | 2023-04-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Earnings reports are coming thick and fast, showing how companies fared in the first few months of the year. But even as earnings are forecast to slump to their lowest level in three years, investors fear the worst is yet to come. This left significant gaps in the forensic search for Nazi-linked records, the Senate Committee stated. AlixPartners, according to the Senate committee, has indicated it will conduct a “supplementary review” of Credit Suisse’s connections to ratlines amongst other allegations. Credit Suisse is Switzerland’s second-largest bank by assets and has spent the past few years plagued by scandals and large losses.

☆ Credit Suisse limited investigations into Nazi-linked accounts, Senate Committee alleges
▼ + stars: | 2023-04-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

This left significant gaps in the forensic search for Nazi-linked records, the Senate Committee stated. The bipartisan Senate investigation follows a March 2020 report by the Simon Wiesenthal Center (SWC) that linked Credit Suisse accounts to a list of 12,000 Nazis in Argentina. Credit Suisse has thus far failed to meet that standard,” said Sen. Grassley in a statement. AlixPartners, according to the Senate committee, has indicated it will conduct a “supplementary review” of Credit Suisse’s connections to ratlines amongst other allegations. Credit Suisse is Switzerland’s second-largest bank by assets and has spent the past few years plagued by scandals and large losses.

☆ The fallout from empty offices is coming. Here's where investors could see the pain
▼ + stars: | 2023-04-14 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +12 min

As concerns about regional banks roiled markets, investors weighed another threat: commercial real estate. Also, layered on top of the property value pressure, are the tightening credit conditions brought on by the recent turmoil in the banking sector. There is no doubt this scenario is a toxic mix for the capital-intensive real estate industry. At the moment, many experts say the real estate market isn't causing trouble for banks, but fears about the financial system are likely worsening conditions in real estate because liquidity is being reduced. The biggest concern is seeing how many other companies join Brookfield , Blackstone and Pimco in handing back the keys on office properties, Clancy said.

☆ Thomas revelation fits a broader pattern of nondisclosure
▼ + stars: | 2023-04-12 | by ( Joan Biskupic | ) edition.cnn.com time to read: +7 min

Washington CNN —The recent revelations of lavish gifts and travel that a Republican megadonor showered on Justice Clarence Thomas reflect a larger Supreme Court culture of nondisclosure, little explanation, and no comment. The incident reflects the broader lack of accountability at the high court regarding off-bench behavior. Justices regularly brush aside reporters’ queries for specifics on travel and gifts, book advances and other extracurricular activities. Senate Judiciary Committee Chairman Dick Durbin made another such plea to Roberts this week as he also urged the chief justice to open an investigation into Thomas’ conduct. Chief justice on the spotRoberts, who became chief justice in 2005, has continually described the high court as beyond the realm of politics and worthy of public trust.

☆ Top Democrats demand that Chief Justice John Roberts open investigation into Clarence Thomas after report claims he accepted free vacations worth hundreds of thousands of dollars from a GOP mega donor
▼ + stars: | 2023-04-07 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

Democrats are urging the Supreme Court to address ethics concerns around Justice Clarence Thomas. ProPublica reported this week that Thomas has accepted free vacations worth hundreds of thousands of dollars. They close by urging Chief Justice Roberts to ensure that the highest court's ethics code is treated are more than just a suggestion. "The highest court in the land should have the highest ethical standards," Kyle Herrig, president of the advocacy group Accountable.US, said in a statement. A spokesperson for the Supreme Court did not immediately respond to a request for comment.

☆ Top Democrats demand that Chief Justice John Roberts open investigation into Justice Clarence Thomas after report claims he accepted free vacations worth hundreds of thousands of dollars from a GOP me
▼ + stars: | 2023-04-07 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

The news outlet said the frequency of the gifts have "no known precedent in the modern history of the U.S. Supreme Court." Thomas and Chief Justice John Roberts did not immediately respond to a request for comment. "This cries out for the kind of independent investigation that the Supreme Court — and only the Supreme Court, across the entire government — refuses to perform," Whitehouse said on Twitter. The ProPublica report is the latest revelation to prompt ethics concerns about Thomas. Thomas's failure to report the trips provided by Crow appears to violate a federal law requiring justices, judges and other federal officials disclose most gifts, ProPublica reported, citing legal ethics experts.

Multiple experts identified the presence of malware on the Pinduoduo app that exploited vulnerabilities in Android operating systems. Evidence of sophisticated malware in the Pinduoduo app comes amid intense scrutiny of Chinese-developed apps like TikTok over concerns about data security. Pinduoduo has previously rejected “the speculation and accusation that Pinduoduo app is malicious.”CNN has contacted PDD multiple times over email and phone for comment, but has not received a response. Google Play is not available in China, and Android users in the country download their apps from local stores. Engineers also found their access to big data, data sheets and the log system revoked, the source said.

☆ U.S. lawmakers introduce bipartisan bill to help news media negotiate with Big Tech
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, March 31 (Reuters) - A bipartisan group of U.S. lawmakers reintroduced a bill to allow news organizations to join together to negotiate ad rates with tech giants such as Alphabet Inc's (GOOGL.O) Google. The measure would allow news broadcasters and publishers with fewer than 1,500 full-time workers to jointly negotiate ad rates -- many of which face financial struggles. The bill was introduced by Democratic Senator Amy Klobuchar, chair of the Senate Judiciary Committee's antitrust subcommittee, along with Senator John Kennedy, a Republican. The News/Media Alliance, a media trade association, praised the bill it says will protect and sustain local journalism. Reporting by Diane Bartz; additional reporting by David Shepardson; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ A new bill will try to finally fix television commercials that are way, way louder than the programming
▼ + stars: | 2023-03-31 | by ( Madison Hall | Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

The CALM Act was originally passed in 2010, but at the time, the FCC didn't have jurisdiction over streaming services. The newly introduced act would make sure the FCC enforces the law and cover both TV and streaming services. The original CALM Act passed through the Senate unanimously and the House in a voice vote before it was signed by then-President Barack Obama. After the original law was passed, large stations and providers were supposed to abide by a monitoring program for two years. That is to say, the sum total of FCC enforcement on disproportionately loud commercials in the decade since the CALM Act has amounted to two letters — and no enforcement."

March 28 (Reuters) - U.S. Supreme Court justices and federal judges will be required to provide greater public disclosure of any free trips, meals or gifts they receive under new regulations adopted at the urging of lawmakers and judicial transparency advocates. Senator Sheldon Whitehouse, who has argued for broader ethics reforms at the Supreme Court. He and other Democrats in Congress have introduced legislation that would require the Supreme Court to adopt a code of ethics, strengthen recusal standards for judges and bolster financial disclosure requirements. Under the Ethics in Government Act of 1978, U.S. Supreme Court justices and federal judges are required, like certain other government officials, to complete financial disclosure reports annually. Under the new regulations, judges still will not have to disclose gifts that include food, lodging or entertainment extended by an individual for a non-business purpose.

WASHINGTON, March 24 (Reuters) - Democratic and Republican U.S. senators urged the Biden administration on Friday to share information with the International Criminal Court that could assist as it pursues war crimes charges against Russian President Vladimir Putin. Last week, the court issued an arrest warrant for Putin, accusing him of the war crime of illegally deporting hundreds of children from Ukraine. The legal move will obligate the court's 123 member states to arrest Putin and transfer him to The Hague for trial if he sets foot on their territory. Although the United States is not a party to the ICC, Biden said last week that Putin has clearly committed war crimes, adding that the ICC warrant was justified. Reporting by Patricia Zengerle; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Elizabeth Warren demands Fed crackdown on large regional banks
▼ + stars: | 2023-03-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Senator Elizabeth Warren is cranking up the pressure on the Federal Reserve following the collapse of Silicon Valley Bank. Both Silicon Valley Bank and Signature Bank fit into that asset threshold when they failed earlier this month. The bipartisan 2018 rollback of Dodd-Frank freed large regional banks in that range of assets from the toughest oversight. Notably, the letter was signed by Senator Angus King, the Maine independent who voted in favor of the 2018 rollback. Days after the bank failures, the Federal Reserve launched a review of the regulation and oversight of Silicon Valley Bank.

☆ Women's NCAA roundup: Ohio State sinks UNC at buzzer
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +3 min

The Buckeyes (27-7) led by as many as 12 points in the fourth quarter but needed the heroics from Sheldon to put away the Tar Heels (22-11). Sheldon finished with 16 points, six rebounds and five assists, and teammate Taylor Mikesell scored 17 points. Kelly led North Carolina with 22 points and three steals, while Alyssa Ustby and Kennedy Todd-Williams each scored 16 points. Ohio State advances to the Sweet 16 for the second straight season. Texas (26-10) became the second hosting team to not advance to the Sweet 16 in this tournament, joining No.

☆ Amid bank strains, Democrats and Republicans spar over U.S. budget
▼ + stars: | 2023-03-15 | by ( David Morgan | ) www.reuters.com time to read: +4 min

REUTERS/Jonathan ErnstWASHINGTON, March 15 (Reuters) - The U.S. Senate Budget Committee debated Democratic President Joe Biden's $6.8 trillion budget proposal on Wednesday, as new financial strains at Credit Suisse threatened to raise the stakes in a partisan standoff over spending and debt. "The president's budget proposal continues to take our nation down a path of fiscal and economic ruin," said Senator Chuck Grassley, the panel's top Republican. "President Biden is proposing levels of debt, deficits and spending previously reserved for times of world war or depression. Market turmoil exacerbated fears about the banking system days after the collapse of Silicon Valley Bank (SIVB.O) and New York's Signature Bank. Republicans are determined to avoid tax hikes and to preserve tax cuts for the wealthy implemented under former President Donald Trump.

☆ U.S. Senate Democrats, Republicans to battle over spending amid bank collapse
▼ + stars: | 2023-03-15 | by ( David Morgan | ) www.reuters.com time to read: +3 min

Biden's proposal is an early step in a negotiation over fiscal 2024 spending with Republicans who control the U.S. House of Representatives, who say they will refuse to raise the nation's $31.4 trillion debt ceiling unless Democrats agree to sharp spending cuts. "Republicans have pledged to use draconian cuts to pro-growth investments for everyday Americans," Whitehouse said in a statement on Tuesday. Leaders of both parties say they will not cut Social Security and Medicare which currently account for about one- third of the federal budget. Not touching those, or failing to cut defense spending, leaves little chance of addressing the government's budget deficit. Republicans are determined to avoid tax hikes and to preserve tax cuts for the wealthy implemented under former President Donald Trump.

☆ We're looking for stocks to buy for the Club now that regulators saved SVB depositors
▼ + stars: | 2023-03-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

You can't just wipe out a bank and about $170 billion in SVB deposits and expect to see business as normal in the country. If you are a depositor, let's just say you aren't going to be so foolish as to concentrate your deposits going forward. But it did have a very low retail share of deposits, like SVB, so perhaps that may have had something to do with it. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ US senators blast Treasury's failure to move faster on climate risks
▼ + stars: | 2023-03-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, March 9 (Reuters) - Three U.S. senators blasted the Treasury Department on Thursday for its failure to act more swiftly to counter climate risks, and urged Secretary Janet Yellen to appoint a new climate counselor to lead the effort. In a letter to Yellen viewed by Reuters, Democratic Senators Elizabeth Warren, Sheldon Whitehouse and Edward Markey criticized the work done by John Morton, Yellen's first climate counselor. The second Treasury official, who was not authorized to speak publicly, said the independent agencies grouped under FSOC were taking action, but those steps followed prescribed processes. No Treasury climate counselor could speed up that work since the agencies were independent, the official said. They asked Yellen to respond to over a dozen questions on Treasury's efforts to mitigate risks to the U.S. economy posed by accelerating climate change.

☆ US senators blast Treasury's 'lack of progress' on climate risks
▼ + stars: | 2023-03-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

In a letter to Yellen viewed by Reuters, Democratic Senators Elizabeth Warren, Sheldon Whitehouse and Edward Markey criticized the work done by John Morton, Yellen's first climate counselor. "Treasury has been central to delivering on the Biden Administration’s climate agenda," she said, when asked about the senators' letter. In their letter, the senators also faulted Treasury's leadership of climate work by the Financial Stability Oversight Council, which identified climate change as an "emerging and increasing threat to U.S. financial stability" in October 2021. The second Treasury official, who was not authorized to speak publicly, said the independent agencies grouped under FSOC were taking action, but those steps followed prescribed processes. No Treasury climate counselor could speed up that work since the agencies were independent, the official said.

☆ GE working to address durability issues with LEAP jet engines, says company exec
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

CINCINNATI, Ohio March 9 (Reuters) - General Electric Co (GE.N) is working on addressing issues with the durability of its LEAP jet engines and changes will be rolled out next year, Karl Sheldon, a senior executive at the company's aerospace unit, said on Thursday. The problems with LEAP engines, which power Airbus (AIR.PA) and Boeing (BA.N) jets, is occurring in regions like the Middle-East. Sheldon said changes are being made to the engine's turbine blades and nozzles, which are getting affected by hot and harsh conditions. "Hotter engines running in hotter environment is driving this issue," he said on the sidelines of GE's investor conference. Reporting by Rajesh Kumar Singh in Cincinnati, Ohio; Editing by Leslie Adler and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

☆ Sheldon: The odds are in the favor of further weakness and a potential recession this year
▼ + stars: | 2023-03-07 | 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 EmailSheldon: The odds are in the favor of further weakness and a potential recession this yearRDM Financial Group's Michael Sheldon discusses the outlook for markets and the economy.

☆ SEC Chair Gensler says 'Scope 3' emissions disclosures aren't 'well developed,' hinting they could be scaled back in climate rule
▼ + stars: | 2023-03-06 | by ( Chelsey Cox | ) www.cnbc.com time to read: +5 min

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. WASHINGTON — SEC Chair Gary Gensler hinted again Monday that the agency was considering scaling back its emissions disclosure rule. The SEC received a record 15,000 or so comments on the rule, "more than we've gotten on any other role in the history of our commission," Gensler said. Gensler has previously said the agency was considering making "adjustments" to the rule, given the volume of public comments. But a group of Democratic lawmakers are pressing Gensler not to drop Scope 3 disclosures from the final rule.

☆ A real estate investor who owns over 1,000 units shares the 21 investing, personal development, and leadership books that helped him find financial freedom at age 36
▼ + stars: | 2023-03-03 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +14 min

Today, real estate investor Dave Allred has ownership in over 1,250 units across the country. He shared the 21 books that helped him achieve financial freedom at age 36. These books cover real estate and investing, personal development, business, and leadership. In a recent interview, Allred shared with Insider the 21 books — spanning areas such as real estate, investing, personal development, business, and leadership — that helped him find success. This principle is especially close to Allred's heart, since reverse engineering his financial freedom took a meticulous goal-setting process.

☆ Top Senate Democrats press Chamber of Commerce on threat to sue FTC over noncompete clause ban
▼ + stars: | 2023-02-28 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

Signage is seen on the Chamber Of Commerce Building in the Manhattan borough of New York City, New York, U.S., April 21, 2021. WASHINGTON — Two top Senate Democrats on Tuesday will press the largest U.S. business advocacy organization on its threat to sue the Federal Trade Commission over a plan to ban noncompete clauses. Elizabeth Warren, D-Mass., and Sheldon Whitehouse, D-R.I., are requesting detailed information from the U.S. Chamber of Commerce about its plan to sue the FTC to halt the proposal. The new rule that would bar employers from imposing noncompete clauses could increase workers' wages by $300 billion a year, according to the FTC. A ban in Oregon helped raise wages for lower wage workers by 2% to 3%, according to a 2021 study.

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