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☆ Calls from George Santos' constituents were forwarded to a different GOP congressman's office
▼ + stars: | 2023-01-19 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Constituent calls to George Santos' local office were redirected to another GOP Congressman. A representative at Santos' office told Insider they don't know why the calls were being forwarded. GOP officials and Santos' constituents have called for him to resign amid his fabricated resume. A Facebook user posted on Wednesday that their call to Santos' constituent office in Douglaston, New York, was forwarded to the office of Nick LaLota in Huntington, New York. "Unfortunately, this is not George Santos' office — or fortunately, depending on your perspective," Adam Saccardi, LaLota's director of constituent services, told Newsday.

☆ Premarket stocks: How investors are preparing for a debt ceiling standoff
▼ + stars: | 2023-01-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Now, aggressive tightening by the Federal Reserve and large spending packages have helped bring that ceiling into play once again. But Washington is at an impasse over whether or not to raise the debt limit: The White House expects Congress to pass a debt ceiling increase without conditions while Republicans say that any increase should be accompanied by spending cuts. Esther George says goodbye to the FedMost Americans dream of retiring by 65, but at the Federal Reserve it’s required. The Federal Reserve Bank of Kansas City president Esther George turned 65 this weekend, triggering her mandated retirement. “Today, the U.S. is again experiencing high inflation and the Federal Reserve is aggressively tightening monetary policy.

☆ Investing Club: The week in review, the week ahead — Jan. 14, 2023
▼ + stars: | 2023-01-14 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Also, earnings season is just kicking off, when we'll learn much more about what companies are seeing on the ground. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. People shop at the Pioneer Supermarkets on January 12, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City.

☆ Hasbro delays new Dungeons & Dragons licensing rules following fan backlash
▼ + stars: | 2023-01-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +10 min

CNBC obtained copies of Hasbro's reformed licensing agreements — open game license 1.1 and an FAQ section for OGL 2.0. Leaders in the Dungeons & Dragons community greeted the news of the delay with cautious optimism. The attempt to create a new game license comes as Wizards of the Coast looks capitalize on a surge in popularity of Dungeons & Dragons. Chaotic neutralThe reworking of Hasbro's open game license is not an unexpected move for the business, MKM's Handler said. There were growing concerns that the community would fracture if publishers were forced to move away from the Dungeons & Dragons game mechanics to develop their own gaming systems.

☆ Corporate profit reports in the week ahead could show whether there's an 'earnings recession'
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Investors in the week ahead will focus on how much inflation and the slowing economy have chiseled away at corporate profits, as companies including Goldman Sachs , Netflix and Procter & Gamble report earnings. "This is going to be the start of the clock ticking on an earnings recession," said Amanda Agati, chief investment officer of PNC Asset Management Group. Economic recession talk heats up "There's never been a recession without an earnings recession since World War II," Agati said. Art Hogan, chief market strategist at B. Riley Financial, said this coming earnings week could be an important step towards assessing the health of corporate balance sheets. Week ahead calendar Monday Martin Luther King Jr. Day Markets closed Tuesday Earnings: Goldman Sachs , Morgan Stanley , Citizens Financial, United Airlines, Interactive Brokers 8:30 a.m.

☆ One simple graph shows why we need to study ways of reflecting sunlight to cool the Earth
▼ + stars: | 2023-01-10 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +2 min

The world is not reducing emissions fast enough to mitigate the most deadly effects of climate change, so it's time to study temporary methods to cool the Earth by blocking some of the sun's rays, according to an internationally recognized group of scientists. What altitude you're injecting it. How much you're injecting. Generally speaking, conversations about releasing particles into the stratosphere are referring to sulfur dioxide, but there are no clear answers to the other questions. Releasing sulfur dioxide into the stratosphere is fast and cheap compared to more long-term solutions.

Pros and cons of Digital Federal auto loansPros New, used, and auto refinancing available . Apply for a loan On Myautoloan.com's website Apply for a loan On Upstart's websiteWho is Digital Federal best for? Digital Federal is best for borrowers with energy-efficient cars, as the credit union offers discounts on loans for them. How Digital Federal auto loans compareHow Digital Federal auto loans compare DCU Auto LoanNavy Federal Auto LoansHuntington Auto Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. No minimum Apply for a loan On Digital Federal Credit Union's website Apply for a loan On Navy Federal Credit Union's website Apply for a loan On Huntington's websiteBoth Digital Federal and Navy Federal require borrowers to be members to take out a loan.

☆ The Best Banks for Small Business
▼ + stars: | 2022-12-27 | by ( ) www.wsj.com time to read: +15 min

To find the best business banks, we evaluated two dozen of the biggest institutions, looking for accounts that are easy to use, with low or no fees, and that don’t require large balances. Amex is one of relatively few banks that offers a competitive interest rate on its business checking account, with a current APY of 1.3% on balances up to $500,000. If you’re on the lookout for a new business credit card, the American Express Business Gold Card is Buy Side’s pick for Best Business Credit Card. How we pickedTo pick Buy Side from WSJ’s Best Banks for Small Business, we evaluated small-business checking accounts offered by two dozen traditional and digital banking institutions. We looked for business checking accounts that offered the best combination of convenience, low fees and features that make running a business easier, like integration with other business technology platforms and the availability of (or ability to connect with) payment processing systems.

☆ Incoming GOP congressman George Santos reportedly lied about his employment, his education, losing four employees in the Pulse shooting, his residence, and his religious background
▼ + stars: | 2022-12-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

An incoming GOP congressman from Long Island has several gaps in his resume, according to news reports. Santos has begun to address the falsehoods in interviews with the New York Post and City & State New York. But representatives from the school told the Times they had no record of his enrollment, despite searching multiple variations of his name. Santos has said that he never claimed to be Jewish, just "Jew-ish," despite describing himself as a "proud American Jew" during his campaign. The Republican Jewish Coalition now says he lied to them.

☆ 2022 didn’t go as expected for bank investors. How to avoid pitfalls in the sector in 2023
▼ + stars: | 2022-12-19 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

Banks finally got a long-awaited boost to interest rates this year after a decade of toiling in a low-rate environment. A year ago, big lenders including Bank of America and Wells Fargo were the top picks of the analyst community because they were expected to benefit from higher rates . Loan growth coupled with vast deposit bases would drive gains in interest income as the Federal Reserve hiked rates, the thinking went. In a downturn, banks are exposed to surging loan defaults, reduced loan demand and write-downs on assets. Veteran analyst Mike Mayo of Wells Fargo said that bank stocks could pop 50% in 2023 by proving their resilience in a recession.

☆ UBS says high quality outperforms in recessions — 10 such stocks on sale
▼ + stars: | 2022-12-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Look to cheap high-quality stocks to manage recession risk in the new year, according to UBS. UBS highlighted several stocks in the S & P 1500 with market caps of more than $6 billion. Here are 10 of the stocks: One of the highest-quality stocks on the list is cosmetics retailer Ulta Beauty , in the 99.1 percentile. Like Ulta, Walmart also raised its guidance when it reported earnings last month . Construction supplier Fastenal is another high ranker for quality, in the 95th percentile.

☆ Investors focus on lower earnings outlook for 2023, but the evidence is so far mixed
▼ + stars: | 2022-12-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The boomlet from Fed Chair JeromePowell's speech is now over. Second, a string of hot economic reports (November nonfarm payrolls, strong hourly earnings, strong ISM Services report), has convinced many that the much anticipated year-end stock rally is not going to happen. At the Goldman Sachs Financial Services Conference on Tuesday, CEOs were cautious but not gloomy. While some chose to focus on one or two CEOs warning of a slowing economy, most CEOs at the conference were not pessimistic. The bottom line: Investors, for the moment, are choosing to believe that the outlook for 2023 is leaning more to "earnings are going lower" rather than "earnings will be flat."

☆ Products Made With Captured Greenhouse Gas Are Reaching Commercial Scale
▼ + stars: | 2022-11-28 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

Straws, bottles and packaging made with captured greenhouse-gas are starting to reach commercial scale, offering a way for businesses making and using everyday products to reduce emissions contributing to global warming. Origin Materials Inc. and Newlight Technologies Inc. are trying to meet that demand by bringing factories online that use captured emissions to manufacture materials used to make products including clothes, tires and plastic bottles. Sourcing and transporting raw inputs and captured CO2 are crucial to a product’s so-called carbon-negative credentials, meaning more CO2 is stored than created. The private company sources captured emissions from dairy farms, ethanol plants and landfills, and is expanding into coal mines and exploring direct-air capture. Competitor Origin Materials has a different approach to acquiring captured emissions and plans for its first commercial-scale factory to come online next year.

☆ The Dow could actually end the year in the green
▼ + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. As recently as mid-October the Dow was in bear-market territory for 2022, down more than 21%. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. (owner of The North Face and Vans), IBM (IBM) and 3M (MMM), is actually up 1% this year. There were several times when the stock market came back and then went back down,” said John Duffy, co-founder of Trending Stocks.

☆ Dow tumbles 500 points but could actually end the year in the green
▼ + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or 1.5%, Monday. The Dow enjoyed its best month in nearly a half-century in October and it’s up nearly another 3% in November. It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. The S&P 500 and Nasdaq are still pretty deep in the red for 2022, off 17% and almost 30% respectively.

☆ The scramble to rearm Ukraine is transforming NATO in a way that would've been hard without Putin's help
▼ + stars: | 2022-11-22 | by ( Rachel Nostrant | ) www.businessinsider.com time to read: +8 min

NATO countries have scrambled to rearm and resupply Ukraine as it fights off Russia's invasion. Troops from six NATO countries during a joint terminal attack controller training in Latvia on April 6. Germany has agreed to send some older hardware to countries that send their Soviet-made tanks and armored vehicles to Ukraine. Interoperability with weapons and alignment on tactics will also make it "veritably impossible for these countries to leave NATO," Banerjee added. "The weapons are from NATO, they're going to be from NATO, they will be back-built, and these components will be from NATO countries."

☆ 15 Best Dress Shoes for Men, According to Style Experts
▼ + stars: | 2022-11-22 | by ( ) www.wsj.com time to read: +8 min

The laces and classic body shape are characteristic of traditional men’s dress shoes, while the rugged rubber soles still make a statement with any formal outfit. “Good leather shoes are not an arena in which it pays to cut costs,” he says, recommending investing in “the pair of a decade” from this made-in-England favorite. (Crockett & Jones has regal and Hollywood credentials: the brand received a Royal Warrant of Appointment in 2017, and this is the style of dress shoes worn by Daniel Craig’s James Bond). Sleek sneakersEcco Soft 7 City Sneaker $170 at NordstromThe key to dressed-up sneakers is finding a leather pair free of busy accents or logos. The style is “acceptable to wear with dress clothes,” confirms Los Angeles-based personal stylist Rayne Parvis, who advises people to wear these sneakers in place of brown lace-up dress shoes.

The valuations of listed financial technology firms have plunged 70% in 2022, analysts at Jefferies Group said in a note last week. The Columbus, Ohio regional bank is scouring for more targets after it bought Torana, a payments fintech, in May. PNC Financial Services Inc (PNC.N) in September bought Linga, a fintech focused on restaurant operations and sales. The slide in fintech valuations coincides with banks earning more from traditional lending businesses as interest rates rise. Fintech deals enable banks to buy new technology or products instead of developing them in-house.

☆ The Visions of Octavia Butler
▼ + stars: | 2022-11-17 | by ( Lynell George | ) www.nytimes.com time to read: +27 min

As a science fiction writer, Butler forged a new path and envisioned bold possibilities. Mural with a portrait of Octavia Butler and her name, composed of dots of various densities in 3-D space. In 1995, she became the first science fiction writer to be awarded a MacArthur “genius” grant. “‘Kindred’ was a story of ordinary people trapped in fantastic circumstances,” Butler wrote in a 1988 notebook. Her point of view was one not traditionally found in science fiction and, simply by writing, she demanded a larger world.

Rep. Katie Porter ran against Republican Scott Baugh in California's 47th Congressional District. 2022 General EmbedsCalifornia's 47th Congressional District candidatesPorter ran for her third term in the House and sits on the Committee on Oversight and Government Reform. This was Baugh's third time running for the 47th Congressional District seat. Voting history for California's 47th Congressional DistrictCalifornia's 47th Congressional District is an affluent coastal district that covers a large swath of Orange County. Her opponent, Baugh, raised $2.7 million, spent nearly $2.6 million, and had $139,000 cash on hand, as of October 19.

☆ Our equity team favors healthcare stocks like JNJ and ABBV, says Huntington Bank's Oviatt
▼ + stars: | 2022-11-14 | 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 EmailOur equity team favors healthcare stocks like JNJ and ABBV, says Huntington Bank's OviattChad Oviatt, Huntington Bank director of investment management, joins 'The Exchange' to discuss his thoughts around healthcare stocks, what he likes about AbbVie and more.

☆ Rising rates are slowing down certain businesses, says Huntington Bancshares CEO
▼ + stars: | 2022-11-11 | 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 EmailRising rates are slowing down certain businesses, says Huntington Bancshares CEOSteve Steinour, Huntington Bancshares CEO, joins CNBC's 'Squawk Box' to discuss what October's softer-than-expected inflation report means for the market.

How First National Bank of America bank accounts compare First National Bank of America Statement Savings AccountFirst National Bank of America Personal Checking AccountFirst National Bank of America Certificate of DepositFirst National Bank of America HomeTowne Checking Money Market Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How First National Bank of America worksFirst National Bank of America has branches in Lansing, Grand Rapids, and Traverse City, Michigan. First National Bank of America vs. Huntington BankIf you're looking for a competitive interest rate on a CD, First National Bank of America is likely a better fit. First National Bank of America pays higher interest rates on CDs than Huntington Bank. First National Bank of America vs. ChaseIf you're looking for a competitive interest rate on a CD, First National Bank of America is likely more suitable than Chase.

Republican Nick LaLota defeated Democrat Bridget Fleming in New York's 1st Congressional District. The 1st District is located in the North Shore of Long Island. Republican Nick LaLota defeated Democrat Bridget Fleming in New York's 1st Congressional District in a race to fill the seat being vacated by four-term Republican incumbent Lee Zeldin, who ran for governor, losing to New York Gov. 2022 General EmbedsNew York's 1st Congressional District candidatesLaLota is the chief of staff to the Suffolk County Legislature. Voting history for New York's 1st Congressional DistrictNew York's 1st Congressional District covers the North Shore of Suffolk County along with the Hamptons.

Nov 9 (Reuters) - Eli Lilly & Co must pay Teva Pharmaceuticals International GmbH $176.5 million after a trial to determine whether its migraine drug Emgality infringed three Teva patents, a Boston federal court jury decided on Wednesday. The jury agreed with Teva that Lilly's Emgality violated its rights in the patents, which relate to its own migraine drug Ajovy. Teva sued Lilly over the patents in 2018. The same day Teva sued, the court dismissed two related Teva lawsuits seeking to block Emgality from coming onto the U.S. market. Teva also filed a separate, ongoing patent lawsuit against Lilly in Massachusetts over Emgality last year.

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