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☆ Man hit by truck driver in Brooklyn rampage dies of head injury
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Shannon StapletonNEW YORK, Feb 14 (Reuters) - One of the nine people struck by a man driving a U-Haul truck in New York City has died from his injuries, police said Tuesday. One of the driver's victims was a 44-year-old man who suffered head injuries and was declared dead at a nearby hospital, police said. The suspect is being held in a city jail and is expected to make his first appearance in court on Tuesday. The son said his father had been living in Las Vegas and was surprised when he appeared in New York City last week. Reporting by Jonathan Allen in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

His counterpart at Bank of America Corp (BAC.N), Brian Moynihan, cited resilient consumer finances and spending as positive signs. At a separate event, Bank of America's CEO reiterated what he has been saying for months - that consumer spending remains robust and is underpinning the economy. JOB CUTSDespite some easing concern about an economic slowdown, the bank chiefs said they were managing headcount to constrain costs. It aims to have a workforce of about 213,000 to 214,000 in the next three to four months, Moynihan said, down from 216,823 at the end of 2022. While consumer spending remains healthy, credit card delinquencies are increasing, and growth in Wells Fargo's commercial bank is moderating, he said.

His counterpart at Bank of America Corp (BAC.N), Brian Moynihan, cited resilient consumer finances and spending as positive signs. At a separate event, Bank of America's CEO reiterated what he has been saying for months - that consumer spending remains robust and is underpinning the economy. While consumer spending remains healthy, credit card delinquencies are increasing, and growth in Wells Fargo's commercial bank is moderating, he said. Despite some easing concern about an economic slowdown, the bank chiefs said they were managing headcount to constrain costs. It aims to have a workforce of about 213,000 to 214,000 in the next three to four months, Moynihan said, down from 216,823 at the end of 2022.

☆ New York U-Haul truck strikes 8 people, driver arrested
▼ + stars: | 2023-02-13 | by ( Tyler Clifford | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 13 (Reuters) - Police in New York City have arrested a U-Haul truck driver accused of deliberately plowing into pedestrians on Monday, injuring at least eight people before officers chased him down and stopped the vehicle, authorities said. But the New York Times, citing two senior law enforcement officials speaking on condition of anonymity, gave the driver's name as Weng Sor. [1/3] A New York Police Department vehicle blocks a U-Haul rental vehicle, where according to media reports a man struck multiple people and the NYPD took the driver into custody, near the Battery tunnel in the Brooklyn borough of New York City, U.S., February 13, 2023. A video clip aired on WABC-TV showed a truck narrowly missing a pedestrian on a sidewalk, with a police cruiser in pursuit. Attorneys at the Saipov penalty proceedings briefly discussed the Brooklyn U-Haul rampage while the jury was out of the courtroom.

☆ Top Wall Street analysts like these stocks for the long haul
▼ + stars: | 2023-02-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks picked by Wall Street's top analysts, according to TipRanks, a service that ranks analysts based on their past performance. Costco recently reported better-than-anticipated net sales growth of 6.9% and comparable sales growth of 5.6% for the four weeks ended Jan. 29. Benedict's convictions can be trusted, given his 55th position out of more than 8,300 analysts in the TipRanks database. Amazon's first-quarter sales growth outlook of 4% to 8% reflects further deceleration compared with the 9% growth in the fourth quarter. Rakesh sees a "modest downside" to Wall Street's consensus expectation for the 2023 revenue growth for Amazon's retail business.

☆ U.S. judge extends FTX founder Sam Bankman-Fried's bail restrictions
▼ + stars: | 2023-02-09 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

REUTERS/Shannon StapletonCompanies Ledgerx LLC FollowNEW YORK, Feb 9 (Reuters) - A U.S. judge on Thursday extended a ban on FTX cryptocurrency exchange founder Sam Bankman-Fried's ability to contact employees of companies he once controlled and use encrypted messaging technology while out on bail awaiting trial on fraud charges. As a condition of his release on $250 million bond, the judge also prevented Bankman-Fried from using messaging apps such as Signal that let users auto-delete messages. A prosecutor, Danielle Sassoon, told the judge that the people were connected with FTX but not central to the government case and not expected to testify. Bankman-Fried had also agreed to withdraw his objection to a bail condition preventing him from accessing FTX, Alameda or cryptocurrency assets. Bankman-Fried was extradited from the Bahamas, where he had lived and where the exchange was based, to face the criminal charges.

[1/5] Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives for his court hearing at a federal court in New York City, U.S., February 9, 2023. Kaplan rejected that proposed agreement on Tuesday and proceeded with the hearing on Bankman-Fried's bail conditions on Thursday, without explaining why he denied the deal. As part of the agreement with prosecutors, Bankman-Fried would have also withdrawn his objection to a bail condition preventing him from accessing FTX, Alameda or cryptocurrency assets. FTX collapsed in November after a wave of withdrawals and declared bankruptcy, wiping out Bankman-Fried's fortune. Reporting by Luc Cohen in New York; Editing by Lisa Shumaker and Will DunhamOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Which CVS rivals also own primary care services
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

Here is a list of some big companies that are also providing medical services or have announced similar deals:UnitedHealth Group IncUnitedHealth's (UNH.N) Optum Health business provides services that range from primary care to specialty care such as cardiology and oncology. UnitedHealth last year also announced a deal to buy LHC Group (LHCG.O), which provides healthcare services at home, for about $5.4 billion. Walgreens Boots AlliancePharmacy chain Walgreens (WBA.O) in 2021 took a majority stake in primary care provider VillageMD, which has nearly 400 clinics in the United States including 200 co-located with Walgreens retails stores, as of the end of 2022. VillageMD completed the acquisition of urgent care provider Summit Health in a deal valued at $9 billion. Amazon.com IncAmazon.com Inc (AMZN.O) agreed to buy primary care provider One Medical for $3.49 billion in July to expand its virtual healthcare and add brick-and-mortar doctors' offices.

☆ Taco Bell powers Yum Brands quarterly results beat
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

[1/4] A woman eats Taco Bell inside the first digital-only U.S. cantina location at Times Square in New York City, U.S., April 14, 2021. REUTERS/Shannon StapletonFeb 8 (Reuters) - Yum Brands Inc (YUM.N) beat Street estimates for quarterly sales and profit on Wednesday, as more cash-strapped consumers flocked to its Taco Bell restaurant chain for pocket-friendly meals and snacks amid still high inflation. Total same-store sales at Yum rose 6% in the fourth quarter, while analysts were expecting a 4.57% increase, according to Refinitiv IBES data. Excluding one-time items, Yum Brands earned $1.31 per share for the three months ended Dec. 31, beating estimates of $1.26. McDonald's Corp (MCD.N) last week also topped quarterly profit and sales estimates, boosted by higher menu prices and increased customer visits at the burger giant's outlets.

Shares of Alphabet, were down about 4% in after-hours trading, after losing about 40% of their value in 2022. Revenue from Google advertising, which includes Search and YouTube, fell 3.6% to $59.04 billion. Alphabet's net income fell to $13.62 billion, or $1.05 per share, from $20.64 billion, or $1.53 per share, a year earlier. Adjusted profit of $1.05 per share fell short of an expected $1.18 per share, according to Refinitiv. Like rivals, Alphabet had bulked up during the pandemic and into last year, adding 12,700 new jobs in the third quarter alone.

Across the company, Alphabet will "meaningfully" slow its pace of hiring this year, said Porat. Net income fell to $13.62 billion, or $1.05 per share, from $20.64 billion, or $1.53 per share, a year earlier. Adjusted profit of $1.05 per share fell short of an expected $1.18 per share, according to Refinitiv. Revenue from Google advertising, which includes Search and YouTube, fell 3.6% to $59.04 billion. Late last month, the Justice Department and eight states sued Google over what they said were anticompetitive practices in its digital ad sales.

NEW YORK, Jan 30 (Reuters) - A grand jury is hearing evidence in New York over former President Donald Trump's role in hush money payments to porn star Stormy Daniels during his 2016 presidential campaign, two sources with knowledge of the matter told Reuters. A grand jury could lay the groundwork for possible criminal charges against the former president by the Manhattan district attorney's office. Former National Enquirer publisher David Pecker testified before the grand jury, one source told Reuters. Pecker was seen entering the lower Manhattan building where the grand jury is empaneled, according to the New York Times, which first reported on the grand jury on Monday. The moves are an indication that the district attorney, Alvin Bragg, is closer to a decision on whether to charge Trump.

☆ Manhattan grand jury begins to hear evidence in Trump hush money case: report
▼ + stars: | 2023-01-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump speaks during a campaign stop to unveil his leadership team, at the South Carolina State House in Columbia, South Carolina, U.S., January 28, 2023. Shannon Stapleton | ReutersA Manhattan grand jury began hearing evidence Monday in a criminal probe of a 2016 hush money payment that former President Donald Trump authorized to porn star Stormy Daniels, a new report said. A witness in that investigation, former National Enquirer publisher David Pecker, was seen with his attorney entering the courthouse Monday where the grand jury is meeting, according to The New York Times. The newspaper also reported that prosecutors from Manhattan's District Attorney's Office have recently contacted officials from Trump's 2016 campaign about it. Cohen later admitted he made that payment at Trump's behest, to avoid Daniels damaging his chances of winning the White House.

Senator Lindsey Graham (R-SC), at the South Carolina State House in Columbia, South Carolina, U.S., January 28, 2023. In Columbia, Trump spoke to about 200 people in the state's capitol building, with Governor Henry McMaster and U.S. Senator Lindsey Graham of South Carolina flanking him. There were several conspicuous absences in South Carolina, including the state party chairman, five Republican U.S. representatives from the state and South Carolina U.S. Reporting by Gram Slattery in Columbia, South Carolina and Ted Hesson in Washington; Editing by Ross Colvin, Daniel Wallis and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Senator Lindsey Graham (R-SC), at the South Carolina State House in Columbia, South Carolina, U.S., January 28, 2023. New Hampshire and South Carolina are among the first four states to hold presidential nominating contests, giving them outsized influence as candidates jockey for position. Several top Republicans in both states that Trump visited on Saturday - including New Hampshire Governor Chris Sununu and former South Carolina Governor Nikki Haley - are weighing presidential campaigns. There were several conspicuous absences in South Carolina, including the state party chairman, several Republican U.S. representatives from the state and South Carolina U.S. Reporting by Gram Slattery in Columbia, South Carolina and Ted Hesson in Washington; Editing by Ross Colvin and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

[1/2] A Google LLC logo is seen at the Google offices in the Chelsea section of New York City, U.S., January 20, 2023. REUTERS/Shannon StapletonCompanies Google Inc FollowAlphabet Inc FollowWASHINGTON, Jan 25 (Reuters) - U.S. District Judge Leonie Brinkema, one of the judges who stayed then-President Donald Trump's executive order restricting immigration into the United States, has been named to oversee the Justice Department's antitrust lawsuit against Alphabet Inc's (GOOGL.O) Google over its alleged abuse of dominance in online advertising technology. read moreAccording to a filing to the docket late Tuesday, Brinkema, 78 and whose court is in Alexandria, Virginia, near Washington, was assigned to oversee the case. It is the second antitrust lawsuit filed by the department, with the first coming near the end of the Trump administration in 2020. In addition to putting a stay on Trump's executive order, Brinkema, who was nominated by President Bill Clinton, also oversaw the trial of Sept. 11 conspirator Zacarias Moussaoui, who is now in a maximum security prison in Colorado.

☆ Snow go: New York City's winter is missing the white stuff
▼ + stars: | 2023-01-24 | by ( Christine Kiernan | ) www.reuters.com time to read: +1 min

[1/2] A woman walks by the sculpture "Witness," installed by Pakistani-American artist Shahzia Sikander, in Madison Square Park in New York City, U.S., January 18, 2023. REUTERS/Shannon StapletonNEW YORK, Jan 24 (Reuters) - Winter is well under way in New York City and the holiday celebrations are fading into the distance - but there has still not been a proper snowfall. Although an epic blizzard hit western New York state just after Christmas, the Big Apple itself has gone 230 days without snow, according to the National Weather Service. It is now approaching the record latest snow for the city - Jan. 29, which dates back to 1973. "February is actually our snowiest month here in New York City, here in Central Park," Kruczkiewicz said.

[1/2] People work on the trading floor at the global headquarters of Goldman Sachs investment banking firm at 200 West Street in New York City, U.S., January 11, 2023. The Wall Street titan's rivals have also started to cut jobs as global banks prepare for recession and broader, deeper cuts are expected across the industry if deal-making activity remains weak. The long-expected jobs cull at Goldman follows a recruitment drive during the pandemic, which saw the bank's total headcount top 49,000. Johnson, who was with Goldman Sachs for more than six years, declined to comment. Oliveira said some bankers who have reached out to recruiters like him are considering ditching investment banking for other positions.

☆ Steve Bannon has ghosted his 'We Build The Wall' defense lawyers for months in what prosecutors calls a delay tactic
▼ + stars: | 2023-01-12 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Steve Bannon was in Manhattan court Thursday for a hearing in his border wall charity scam case. His lawyers told the judge that Bannon has refused to talk to them for months. David Schoen, one of Bannon's current lawyers, asked the judge to let him and another lawyer, John Mitchell, stop representing Bannon immediately. At the court conference, Schoen told Judge Juan Merchan that Bannon was no longer speaking with him or Mitchell. Merchan said the Manhattan District Attorney's office should "set aside" discovery evidence for whichever lawyers Bannon hired.

☆ Ex-Coinbase manager's brother sentenced to 10 months in insider trading case
▼ + stars: | 2023-01-10 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

Nikhil Wahi admitted last year that he made trades based on confidential Coinbase information. Ishan Wahi has pleaded not guilty. Two of his closest associates, Caroline Ellison and Gary Wang, have pleaded guilty and agreed to cooperate with prosecutors. Prosecutors had recommended Nikhil Wahi be sentenced to between 10 and 16 months in prison, arguing that he earned nearly $900,000 in profits from the scheme. Reporting by Luc Cohen in New York; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ KBW's best trades for 2023, including a short bet against Coinbase
▼ + stars: | 2023-01-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

In the meantime, KBW has shared a list of several names to trade in 2023, many of which are short bets. Perhaps the most high-profile name on the list is Coinbase – and the firm has it down as a short bet, thanks to deteriorating volumes and regulatory overhang. The firm has an underweight rating on Coinbase and a price target of $37. Its price target of $6 is 18% below its Thursday closing price. The firm's price target on Allstate is 11% above where the stock closed Thursday.

☆ Jesus will get you, U.S. medic tells Putin from Ukraine front line
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +1 min

By Shannon Stapleton and Vladyslav SmilianetsDONETSK FRONT LINE, Dec 23 (Reuters) - "Take the chest guy," barked volunteer U.S. nurse Jennifer Mullee as shells exploded close to the Donetsk front line, triaging wounded Ukrainian soldiers before taking time to relay a personal warning to Russian President Vladimir Putin. As a member of the Pirogov First Volunteer Mobile Hospital, she's been helping to save Ukrainian lives there ever since. Deployed twice as a nurse and doctor in Afghanistan, Mullee comes from a military family. "I pray that he is brought to justice for these ...horrible atrocities," she said. "But I'm confident that if he does not find justice in this life, he will be held accountable in his afterlife because Jesus is pissed off at him and he's coming for you, Putin, he's coming."

Last year, the industry handed out the biggest awards since 2006 as the economy roared back from the pandemic. It's a head-spinning reversal for dealmakers who racked up record profits for their firms last year and clinched eye-watering payouts for themselves. Compensation for FICC traders will probably rise slightly or stay flat, said Bell at Sheffield Haworth, while stock traders could see a small drop. Worsening economic conditions have already prompted firms including Morgan Stanley (MS.N) and Citigroup Inc (C.N), to trim their workforces. In the United Kingdom, most big firms are discussing and allocating bonuses now, with decisions not usually announced until early next year.

☆ FDA authorizes Covid omicron vaccines for children as young as 6 months old
▼ + stars: | 2022-12-08 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

REUTERS/Shannon StapletonThe Food and Drug Administration on Thursday authorized updated Covid shots that target the omicron variant for children as young as 6 months old. The eligibility rules vary depending on whether children received Moderna's or Pfizer's original vaccines as their primary series. The new shots target the omicron BA.5 subvariant and the original Covid strain. U.S. health officials expect the new shots to provide superior protection compared to the original vaccines, which only target the original Covid strain. The FDA authorized the shots based on adult immune response data for similar vaccines developed by Pfizer and Moderna that target the original omicron BA.1 variant.

☆ Half of Kyiv's region to remain without power for days - governor
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

[1/5] An ambulance drives by a building, as Russia’s attack on Ukraine continues, during power outages in Kyiv, Ukraine, December 4, 2022. REUTERS/Shannon StapletonDec 6 (Reuters) - About half the region surrounding the Ukrainian capital will remain without electricity for the coming days after Russian missile strikes on power facilities, the Kyiv regional governor said. But the Kyiv region, which does not include the capital and which had a population of about 1.8 million before the war, was badly affected. "In the coming days, about half of the region will be without electricity," Oleksiy Kuleba, the region's governor, said on the Telegram messaging app late on Monday. All water pumping stations and reserve lines in the Odesa region lost power and water supply was cut, the water company announced on Telegram.

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