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☆ CNBC Daily Open: U.S. stocks began December chilly, but will probably warm up soon
▼ + stars: | 2024-12-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Erik Mcgregor | Lightrocket | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineDecember may have triggered the thawing of Mariah Carey, but stocks are beginning the month chilly. Moreover, in presidential election years, December typically moves up one notch to become the second-best month for stocks. If the Fed does cut rates, that incision will probably scrape off any lingering frostbite on the stock market as well, in time for them to hear sleigh bells ringing.

Persons: STOXX, Erik Mcgregor, Mariah Carey, Bob Pisani, George Smith, Ken Mahoney, Sarah Min, Hakyung Kim, Sean Conlon, Lisa Kailai Han, Alex Harring Organizations: Lightrocket, CNBC, Dow Jones, Nasdaq, Apple, LPL, Asset Management, U.S . Federal Locations: York City, U.S .

☆ RFK Jr. once praised scathing description of Trump and his base as “idiots,” “Nazis” and “bootlickers”
▼ + stars: | 2024-11-21 | by ( Andrew Kaczynski | ) edition.cnn.com time to read: +8 min

Asked in August whether he would ever serve in Trump’s cabinet, Kennedy said, “No.” but weeks later, he ended his campaign and endorsed Trump. Kennedy has since refrained from any public criticism of Trump, aligning himself with the former president on issues like government censorship and public health. Trump, left, greets Robert F. Kennedy Jr., at a campaign rally in Glendale, Arizona, on August 23. “And you can see that every statement that Donald Trump makes is fear-based,” Kennedy said on his radio show in December 2016. “And, you know, he’s not like Hitler,” Kennedy said.

Persons: Robert F, Kennedy Jr, Donald Trump’s, ”, ” Kennedy, “, Trump, Adolf Hitler, Benito Mussolini, Kennedy, Hitler, “ Hitler, President Trump, demagogues, Adriana Zehbrauskas, Trump’s, Francisco Franco, Mussolini, Huey Long, Father Coughlin, Donald Trump, Obama, barker, George Wallace, …, ’, ‘, Matt Taibbi’s, ’ ” Kennedy, Taibbi, he’s, He’ll, Michael Mann, “ Michael Mann, Erik McGregor, “ Trump, Andrew Wheeler Organizations: CNN, Health, Human Services, Trump, HHS, Centers for Disease Control, Prevention, Drug Administration, National Institutes of Health, Democratic Party, New York Times, Civil Rights Movement, Alabama Gov, ”, Pipeline, EPA Locations: Glendale , Arizona, White, America, Paris, Albany , New York

But they are on the same side on fracking — a key energy and environmental issue in the biggest battleground state in the election. Comfortable majorities of Pennsylvania voters support fracking, according to multiple recent polls. Bair said he gets “very frustrated” when he hears the Trump camp “beating this drum” that Harris wants to end fracking. “She’s not going to ban fracking. You’re not going to be able to make good policy decisions about it.”Gray’s message to those who advocate to ban fracking: “Go without gas.

Persons: — John Stewart, Robert Bair, Donald Trump’s, Kamala Harris, Harris, Bair, —, Katie Blume, Erik McGregor, ”, Trump, ” Stewart, Stewart, Biden, Walz, “ She’s, She’s, “, Donald Trump, Jeff Swensen, Devon Johnson, Johnson, Frank Gray, Blume, ” Blume, fracking, ” Gray, you’ve, you’re, You’re Organizations: Cameron Energy Co, Conservation Voters, NBC News, Biden, Residents, Trump, Shell Chemicals, Keystone XL, Steamfitters Union Local, fracking Locations: HOWE, Pa, Pennsylvania, U.S, Exton, Monaca, Canada, Nebraska, Pittsburgh, fracking

☆ World’s nuclear powers strengthening arsenals as geopolitical tensions grow, report finds
▼ + stars: | 2024-06-18 | by ( Radina Gigova | ) edition.cnn.com time to read: +6 min

London CNN —Nuclear-armed countries are strengthening their arsenals and several have made ready new nuclear-armed or nuclear-capable weapons systems amid rising geopolitical tensions, a new report has found. “While the global total of nuclear warheads continues to fall as Cold War-era weapons are gradually dismantled, regrettably we continue to see year-on-year increases in the number of operational nuclear warheads,” the institute’s director Dan Smith said. “Accordingly, there is a growing concern that North Korea might intend to use these weapons very early in a conflict.”Protesters against nuclear weapons outside the US mission to the UN. Moscow has continued to make threats involving the use of nuclear weapons in light of Western aid for Ukraine, and in May 2024 carried out tactical nuclear weapons drills close to the Ukrainian border, SIPRI said. “We have not seen nuclear weapons playing such a prominent role in international relations since the Cold War,” said Wilfred Wan, the director of SIPRI’s Weapons of Mass Destruction Program.

Persons: Israel –, “, Dan Smith, Jung Yeon, ” SIPRI, ”, Hans M, Kristensen, Matt Korda, Erik McGregor, SIPRI, Wilfred Wan Organizations: London CNN —, Stockholm International Peace Research Institute, ”, Korean, Getty, “, SIPRI’s, Ukraine, Hamas, Conference, Nuclear Weapons Locations: United States, Russia, United Kingdom, France, China, India, Pakistan, North Korea, Israel, Stockholm, Seoul, South Korea, Swedish, Ukraine, saliency, ”, “, “ China, Korea, Gaza, Moscow, Ukrainian, Iran, Iraq, Syria

☆ The market is near all-time highs. That doesn't mean it can't go much higher
▼ + stars: | 2024-03-27 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Looking at the recent performance of the market and several stocks in our portfolio, one thing is clear: This is a market that wants to go higher. We would much rather see stocks up on strong earnings instead of rising on lower rates that are only lower because the operating environment is deteriorating. But it's important to understand, at a high level, what kind of market we are still in — a bull market seeking new heights. We are fielding a lot of questions about how one should approach a market near all-time highs. Now, that doesn't mean stocks are on a one-way march higher and a pullback is impossible.

Persons: Jerome Powell, we've, We're, We'll, it's, –, Morgan Stanley, Coterra, Jim Cramer's, Jim Cramer, Jim, Erik McGregor Organizations: Federal Reserve, Fed, Linde, DuPont, Coterra Energy, Jim Cramer's Charitable, CNBC, Financial, LightRocket, Getty Locations: —, U.S, Russia, Ukraine, China, Taiwan, New

☆ Fox News hyped the bogus FBI informant claims against Biden. Now its refusing to walk them back
▼ + stars: | 2024-02-22 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —Days after explosive bribery claims about President Joe Biden came ripping apart at the seams, Fox News and the broader MAGA Media universe have declined to walk back their factually-challenged narrative. (Photo by Erik McGregor/LightRocket via Getty Images) Erik McGregor/LightRocket/Getty ImagesThe lack of a retraction or any real sign of contrition comes as the Smirnov allegations continue to implode in spectacular fashion. The network functions as the main organ in the right-wing media universe and has tremendous influence over the Republican Party base. By refusing to fully acknowledge the false claims and press GOP lawmakers on their relentless promotion of it, Fox News is effectively giving GOP lawmakers permission to continue doing so. A Fox News spokesperson did not off me a comment on the network’s coverage of the revelations surrounding the informant.

Persons: Joe Biden, Biden, David Weiss, Alexander Smirnov, Smirnov, ”, Jesse Watters, baselessly, Sean Hannity, Hannity, Weiss, Donald Trump, Brooke Singman, Erik McGregor, contrition, ” Weiss, Harris Faulkner, ” Faulkner, Rupert, Lachlan Murdoch, Lachlan, Tim Miller, “, ” Miller Organizations: New York CNN, Fox News, MAGA Media, Republican, Capitol, ” Fox News, Trump, FBI, Getty, Wednesday, Republican Party, Fox, Dominion Voting Systems, U.S . Capitol, MSNBC Locations: New York, Trump Russia, Democratic, United States

☆ BlackRock's ESG backlash looms over Larry Fink's legacy and succession
▼ + stars: | 2023-07-18 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +11 min

"BlackRock has posted industry-leading organic growth over the last year while most of our competitors are experiencing persistent outflows," a company spokesperson told Insider. I criticize the way they defended it," Seifert told Insider. "Given no mortal can fill Larry's shoes, there is a high risk they pick some Jeff Immelt equivalent," Keeley told Insider. Fink chose to make his letters public, which leads to concerns that Fink wrote them as a PR exercise. However, the most effective engagement is typically private," Edmans told Insider.

Persons: Larry Fink, It's, Fink, hasn't, Larry, BlackRock, BlackRock's, Terrence Keeley, —, it's, Ron DeSantis, GIORGIO VIERA, Erik McGregor, Keeley, They're, Cathy Seifert, Seifert, Rob Kapito, Mark Wiedman, Martin Small, Rachel Lord, Susan Wagner, Jack Welch, Jeff Immelt, Welch, Electric's, Immelt, Tim Buckley, Abby Johnson, Ron O'Hanley, Jamie Dimon, Alex Edmans, Edmans, Michael M, he's, I've, Rob Organizations: BlackRock, Republicans, GOP, Bloomberg, CNBC, Florida Gov, Getty, UBS, Environmental, CFRA Research, Company, JPMorgan, Citi, GE, Vanguard, Fidelity, London Business School Locations: BlackRock, Texas, Florida, Fink

☆ Fox News paid a record-breaking sum to settle Dominion's defamation lawsuit. Smartmatic could get even more money.
▼ + stars: | 2023-07-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

The settlement Fox News may pay to Smartmatic could be around $1 billion, experts say. Disney's $177 million settlement for the infamous "pink slime" lawsuit in 2017 dropped to second place. Experts told Insider that the $787.5 million settlement is a strong benchmark for Smartmatic — and that Smartmatic will likely get more. Either way you slice it, using those baseline numbers brings you above the $787.5 million figure Fox paid to settle Dominion's lawsuit. "It's hard to extrapolate from the Dominion case in part because it never got litigated," Hans said.

Persons: Smartmatic, Erik Connolly, Connolly, Donald Trump, Sidney Powell, Rudy Giuliani, Joe Biden, Powell, Giuliani, Fox, Clay Calvert, James Goodale, Smartmatic's, Rupert Murdoch, Victoria Jones, Calvert, Erik McGregor, Hans, Goodale, Plimpton, De, Murdoch Organizations: Fox News, Dominion, Dominion Voting, Trump, Fox, American Enterprise Institute, New York Times, Fox Corp, Getty, Cornell Law, Debevoise Locations: cahoots, Delaware, New York, Washington ,, Africa, Europe, Smartmatic, Fox News's, York

☆ State leaders targeting climate investing have quiet stakes in the fossil fuel industry
▼ + stars: | 2023-04-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Fitzpatrick is among a group of powerful Republican state leaders who have waged similar fights against environmentally conscious investing as they held personal investments in, or saw political support from, the fossil fuel industry. Some of the state officials have received campaign donations from fossil fuel companies or their executives. "He has never 'had private briefings tied back to the fossil fuel industry' nor does he personally direct or execute trades himself. Hegar co-signed an open letter in 2021 with other state financial officers that was addressed to the U.S. banking industry and defended the fossil fuel industry. He also co-signed the 2022 letter to Biden from a slate of other state financial officers defending the fossil fuel industry.

☆ The messy, high-stakes world of private equity's fossil-fuel dilemma
▼ + stars: | 2023-04-20 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Most major private-investment firms are working to cut down on emissions their portfolio companies send into the atmosphere. It's also set targets to get three-quarters of its majority-owned power-and-energy portfolio companies' emissions that they generate directly and indirectly covered by Paris-aligned climate goals by 2025. A growing number of private-equity firms' pension-fund limited partners are under pressure themselves to either invest around environmental, social, and governance matters or shun investing through those lenses altogether. Firms' plans with their upstream investments tend to draw the most attention because they're involved in drilling for new oil and gas. If you're a private-equity firm and you continue to make new upstream investments, I don't believe you have a Paris-aligned plan.

☆ Fox News settles Dominion's defamation lawsuit for $787.5 million over election conspiracy theories just as the trial is about to start
▼ + stars: | 2023-04-18 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Fox News settled Dominion's defamation lawsuit over election conspiracy theories for $787.5 million. WILMINGTON, Delaware — Fox News settled Dominion Voting Systems's blockbuster defamation lawsuit just as it was about to go to trial, agreeing to pay it $787.5 million. In a press conference after Davis announced the settlement, Dominion CEO John Poulos criticized Fox for broadcasting lies about the company. Dominion first filed its lawsuit against Fox News and its parent company, Fox Corp., in March 2021. Representatives of Fox News arrive at the justice center for the Dominion Voting Systems' defamation lawsuit against Fox News, in Wilmington, Delaware.

☆ Emerging venture fund managers had few banking options to begin with. After Silicon Valley Bank's collapse, where do they turn now?
▼ + stars: | 2023-03-22 | by ( Melia Russell | Vishal Persaud | ) www.businessinsider.com time to read: +10 min

Silicon Valley Bank had long banked a class of startup investors known as emerging managers. He was able to quickly switch from Silicon Valley Bank with an email to his contact at AngelList. Novak is part of a contingent of investors who are shifting their banking strategy in the fallout of Silicon Valley Bank's failure. After Silicon Valley Bank's demise, the big banks have gotten more selective, the three investors said. The big banks like JPMorgan set account minimums for its private banking group, locking out emerging fund managers.

☆ Tyre Nichols' death has reignited the debate around police brutality. Here are 5 proven ways to reduce it - and 2 strategies that don't work.
▼ + stars: | 2023-01-30 | by ( Michelle Mark | Marianne Guenot | ) www.businessinsider.com time to read: +12 min

Here are five proven, data-based changes that could make a difference, and two approaches that don't seem to work, according to Campaign Zero. Track complaints about officers' use of forceMost complaints against officers aren't public, making them hard to track. These changes, along with requiring departments to report and publish online data on all uses of force, could reduce police violence. Body cameras are another method that haven't been proven effective when it comes to excessive force instances. Research has shown that 93% of prosecutors' offices have used body cameras mostly in cases against citizens, not against police.

☆ JPMorgan Chase acquires payments fintech Renovite to help it battle Stripe and Block
▼ + stars: | 2022-09-12 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Erik McGregor | LightRocket | Getty ImagesJPMorgan Chase has agreed to acquire a payments startup called Renovite to fend off threats from fintech firms including Stripe and Block , CNBC has learned. Merchant acquirers are crucial, behind-the-scenes providers that enable sellers to accept in-person and online payments, keeping a small cut of each transaction. Shopping spreeThe Renovite acquisition, reported first by CNBC, is the latest in a string of fintech deals made under CEO Jamie Dimon. Dimon has repeatedly raised the alarm about the threat fintech players pose to traditional banks, especially in the highly competitive payments game. Fintech players have used payments processing for merchants as a wedge to help them build ecosystems that have garnered eye-watering valuations.

☆ Research shows there are at least 5 proven ways to reduce police brutality — and 2 strategies that don't work
▼ + stars: | 2020-06-03 | by ( Michelle Mark | Marianne Guenot | ) www.businessinsider.com time to read: +12 min

Here are five proven, data-based changes that could make a difference, and two approaches that don't seem to work, according to Campaign Zero. Track complaints about officers' use of forceMost complaints against officers aren't public, making them hard to track. These changes, along with requiring departments to report and publish online data on all uses of force, could reduce police violence. Body cameras are another method that haven't been proven effective when it comes to excessive force instances. Research has even shown that 93% of prosecutors' offices have used body cameras mostly in cases against citizens, not against police.

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