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☆ Dozens of New York Times tech workers cross the picket line on Election Day
▼ + stars: | 2024-11-06 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Dozens of New York Times tech workers crossed the picket line amid a tech strike. The Tech Guild is striking over remote work, pay equity, and subcontracting limits. AdvertisementDozens of New York Times tech workers have crossed the picket line since the Tech Guild went on strike Monday, sources said. AdvertisementThe Tech Guild, formed in 2021, represents Times workers like software developers and data analysts. AdvertisementThe strike has exposed some divisions among Tech Guild members — and between the guild and some Times journalists who have expressed a lack of sympathy for the tech workers.

Persons: —, Benjamin Harnett, Harnett, There's, Nate Cohn Organizations: New York Times, Tech, Service, Times, Times Guild, Tech Guild

☆ Matt Damon kept telling Josh Harnett he'd regret gaining 30 pounds for 'Oppenheimer:' 'You're never gonna get that off again'
▼ + stars: | 2024-07-26 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

Josh Hartnett gained 30 pounds for his role in "Oppenheimer." His costar Matt Damon warned him it would be difficult to lose the weight after filming wrapped. "He was like, 'You're never gonna get that off again, man,'" Harnett recalled Damon telling him. Too bad he didn't warn his costar Josh Harnett before he decided to gain 30 pounds to play the famed physicist Ernest Lawrence in "Oppenheimer." "He was like, 'You're never gonna get that off again, man,'" Harnett recalled Damon saying on "The Tonight Show."

Persons: Josh Hartnett, Oppenheimer, Matt Damon, Harnett, Damon, —, Josh Harnett, Ernest Lawrence Organizations: Service, Business

☆ America's big stagflation scare is over
▼ + stars: | 2024-05-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe US economy looks to have steered clear of danger after the specter of stagflation spooked markets and put analysts on edge in recent weeks. Further, average hourly earnings unexpectedly declined to 0.2%. And since elevated labor costs are part of the stagflation equation, the dip in average hourly earnings also signaled a period of languid growth will be avoided. It sent alarm bells ringing around stagflation, which occurs when inflation stays high despite a cooling economy.

Persons: —, specter, Marko Kolanovic, Mohamed El, Bank of America's Michael Harnett —, Harnett Organizations: Service, Business, Bank of America, Bloomberg, Bank of America's

☆ For Black workers, progress in the workplace but still a high hill to climb
▼ + stars: | 2024-02-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +10 min

"We were in a situation where folks accepted that Black unemployment was going to always be high and there was nothing that they could do about it. The Black unemployment rate in January was 5.3%, up a touch from December but still near the all-time low of 4.8% hit in April 2023. For Black workers, weekly before-tax earnings as of the end of 2023 have risen 24.8% since the first quarter of 2020. "High unemployment for Black workers is a solvable problem," Fulton said. Black workers are interested in tech and believe there are opportunities.

Persons: Ali, Jamila Wright, there's, Jessica Fulton, Fulton, Cox, she's, MilSpouse, they've, Sue Harnett, Goldman Sachs, Harnett, I'm, Ali Wright Organizations: Brooklyn Tea, Joint Center, Political, Economic Studies, D.C, U.S . Bureau of Labor Statistics, McKinsey & Company, Companies, Bank of America, Black Colleges, Universities, New, Small Business Administration, Ivy League, Conference Board Locations: America, U.S, Washington, Brooklyn, New York City, Atlanta

☆ If you want to be the ultimate contrarian next year, bet on these things happening
▼ + stars: | 2023-11-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Based on the bank's monthly Global Fund Manager Survey, strategist Michael Hartnett created a list of "contrarian" outcomes and hedging opportunities. As of now, high-quality assets are expected to outperform in 2024, with only 6% of fund managers predicting otherwise, said Hartnett. Close to 90% of surveyed fund managers see elevated geopolitical risks in the coming year. For a contrarian outcome, Harnett says to trade as if oil prices will move lower still by shorting crude. Only 6% of fund managers are predicting inflation moves higher next year, according to BofA.

Persons: Michael Hartnett, Hartnett, Harnett, — CNBC's Michael Bloom Organizations: of America, Global Fund, Survey, Bank of America's, Nasdaq, Treasury, Securities

☆ Bank of America’s investment strategist says the S&P 500 correction could last until it hits this level
▼ + stars: | 2023-10-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The stock market could see further damage if one key index can't hold an important technical level, according to Bank of America investment strategist Michael Hartnett. Looking at several key indexes, Hartnett said in a client note Thursday that selling pressure has persisted even in less tech-sensitive parts of the market, specifically citing the S & P 500 Equal-Weighted index. If that can't hold onto the 5,540 level — it closed Thursday at 5,501 — it could signal further pressure on the more widely followed S & P 500 market-cap weighted index. .SPX YTD mountain S & P 500, YTD While still up 7.8% for 2023, the S & P 500 has tumbled about 14% from its all-time high. However, Harnett said he won't get bullish until the "3Ps" kick in: "bearish positioning combines with recessionary Profits to Policy easing."

Persons: Michael Hartnett, Hartnett, Harnett Organizations: Bank of America, Wall Locations: Thursday's

☆ This one stock holds the key to the market and whether this August sell-off is something bigger
▼ + stars: | 2023-08-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

It's no secret that market leadership has become more concentrated over the years, but this is ridiculous. That one company is Microsoft , the behemoth with the $2.35 trillion market cap and, it seems, a position in the driver's seat on where the market goes next. In his weekly breakdown of money flows through the financial markets, BofA investment strategist Michael Hartnett said Microsoft needs to reassert itself or face dragging down the rest of the stock market. MSFT YTD line Microsoft as market leader That's why it holds such a pivotal position in determining how things go from here. Harnett noted that the equity put/call ratio has hit its highest point since the collapse of Silicon Valley Bank in March, "a bad sign if stocks can't hold hold here."

Persons: Michael Hartnett, Hartnett, That's, Yul Brynner, Brynner, Chris Adams, gunfighters, Harnett, swoon Organizations: Bank of America, Microsoft, Dow Jones, Silicon Valley Bank Locations: Thursday's, Silicon

☆ This massive, crumbling shipwreck-turned-military station has become the latest flashpoint in tense US-China relations. Take a look inside.
▼ + stars: | 2023-08-10 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

The Philippine Coast Guard said the ship was carrying supplies to a Filipino military outpost. A massive, crumbling shipwreck that was repurposed by the Philippines and turned into a garrison in the South China Sea. Troops stationed aboard the Sierra Madre, take part in a flag retreat, March 29, 2014. Loresto told The Times that he preferred combat over being stationed on the Sierra Madre. Although the US has no territorial claims in the South China Sea, it has carried out regular naval operations in the region.

Persons: Matthew Miller, Thomas Shoal, Ritchie, Erik De Castro, Joey Loresto, Loresto, Jay Tarriela Organizations: Service, State Department, US State Department, Coast Guard, Philippine Coast Guard, Reuters, US Naval Magazine, LST, Troops, New York Times, Times, Embassy, China Coast Guard, US Navy Locations: Philippines, South China, China, Wall, Silicon, Philippine, Sierra, Spratly, Madre, Harnett County, Vietnam, Sierra Madre, United States

The events of the year took many investors by surprise and made the task of predicting bitcoin's price that much harder. The crypto market was awash with pundits making feverish calls about where bitcoin was heading next. When asked about his $250,000 target earlier this month, the Draper Associates founder told CNBC $250,000 "is still my number" — but he's extending his prediction by six months. The entrepreneur says he's also done making bitcoin price predictions. Buehler said lack of risk management in the crypto industry, missing regulation and fraud have also been major factors affecting prices.

☆ Midterm elections live updates: Pennsylvania races, New Hampshire Senate race too early to call
▼ + stars: | 2022-11-09 | by ( Brandy Zadrozny | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | ) www.nbcnews.com time to read: +109 min

Share this -Link copiedWisconsin Senate and governor's races too early to call It is too early to call the Senate and gubernatorial races in Wisconsin, according to NBC News. Share this -Link copiedNew Hampshire Senate race too early to call The Senate race in New Hampshire is too early to call, according to NBC News. Share this -Link copiedPennsylvania Senate and governor races are too early to call After polls closed at 8 p.m. While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. According to the poll, 46% of voters said their family’s financial situation is worse than it was two years ago. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

☆ Live Results: Democratic state Sen. Wiley Nickel defeats Bo Hines, a Trump-endorsed Republican, in North Carolina's 13th Congressional District election
▼ + stars: | 2022-11-09 | by ( Hanna Kang | Jake Epstein | Nov | ) www.businessinsider.com time to read: +6 min

Democrat Wiley Nickel defeated Republican Bo Hines in North Carolina's 13th Congressional District. Raleigh MayorDemocrat Wiley Nickel, who is a member of the North Carolina State Senate, has defeated the Trump-endorsed Republican Bo Hines in North Carolina's 13th Congressional District. 2022 General EmbedsNorth Carolina's 13th Congressional District candidatesHines, 27, a political newcomer with virtually no experience, raised eyebrows even within the GOP when former President Donald Trump offered him his endorsement. If elected, he will replace Rep. Ted Budd — a staunch Trump ally and Republican nominee in North Carolina's US Senate race to replace retiring Republican Sen. Richard Burr. Voting history for North Carolina's 13th Congressional DistrictNorth Carolina's 13th Congressional District encompasses Johnston County and parts of Wake, Wayne, and Harnett counties.

By the end of Election Day, approximately 21,000 total interviews will be conducted. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states!

How the midterm election outcome could impact Biden's agenda Nov. 8, 2022 02:02 Read the full story here. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states!

“We implore voters and members of the media to allow election officials to do their work.” The process is painstaking. In New Hanover, students allegedly were harassed while walking to class from a voting site, and an observer allegedly “angrily” confronted an election official, the board reported. “There are 8,800 election jurisdictions and we see issues pop up every election day,” the official said, citing low-level cyberattacks against election websites or accidental website outages as potential examples. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states! Karamo sued Detroit City Clerk Janice Winfrey last week to toss absentee ballots unless voters present identification, alleging election law violations regarding the counting of the ballots.

☆ DOJ plans to monitor elections in these 46 cities and counties to ensure voters aren't harassed
▼ + stars: | 2022-11-07 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

The Justice Department plans to monitor polls in two dozen states across the country to ensure no one intimidates voters or otherwise meddles with Tuesday's midterm elections. The department's Civil Rights Division selected 64 jurisdictions in 24 states, including Alaska, Florida, Georgia and Nevada, for oversight in both the general election and early voting. The division routinely monitors elections in the field, starting in 1965 when Congress passed the Voting Rights Act. DOJ monitored polls in 18 states and 44 cities and counties in 2020, by comparison. Attorneys' Offices and the Office of Personnel Management will assist the DOJ Civil Rights Division in monitoring efforts and maintaining contact with state and local election officials.

WASHINGTON, Nov 4 (Reuters) - North Carolina officials have registered 14 instances of potential intimidation or interference with voters and election officials in the run-up to Tuesday's U.S. midterm elections, according to records provided to Reuters on Friday. Incident reports released to Reuters on Friday show that the North Carolina State Board of Elections is tracking eight instances of potential voter intimidation, one of potential voter interference and five of potential interference with election workers during early voting. Arizona late last month asked the Justice Department to investigate a case of possible voter intimidation, and officials there have since said they have observed several more possible instances of intimidation. Most of the North Carolina incidents, which were described in only general terms, involved photographing, videotaping or yelling at voters and officials, the reports show. North Carolina officials noted unusually aggressive observers during May's primary election in 16 counties.

☆ Bo Hines, a Trump-endorsed Republican, faces off against Democratic state Sen. Wiley Nickel in North Carolina's 13th Congressional District election
▼ + stars: | 2022-10-21 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Republican Bo Hines is running against Democrat Wiley Nickel in North Carolina's 13th Congressional District. The 13th District is split between the urban Triangle and rural Sandhills. North Carolina's 13th Congressional District candidatesHines, 27, a political newcomer with virtually no experience, raised eyebrows even within the GOP when former President Donald Trump offered him his endorsement. If elected, he will replace Rep. Ted Budd — a staunch Trump ally and Republican nominee in North Carolina's US Senate race to replace retiring Republican Sen. Richard Burr. Voting history for North Carolina's 13th Congressional DistrictNorth Carolina's 13th Congressional District encompasses Johnston County and parts of Wake, Wayne, and Harnett counties.

☆ The 60/40 portfolio has been suffering all year, but there are opportunities for long-term investors
▼ + stars: | 2022-10-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The 60/40 strategy, known as a balanced portfolio, has been hit by rising bond yields — which means falling fixed income prices, as well as a sinking stock market. "The future is brighter for the 60/40," said Omar Aguilar, CEO and chief investment officer of Schwab Asset Management. "The correlation will come back to the normal levels, or the historical levels that you normally have between equities and fixed income," Aguilar said. Schwab's Aguilar advises against chasing yields in fixed income, but instead maintaining a balanced approach between credit and duration. In fixed income, the firm currently has a bond duration of four years, down from its previous seven-year duration.

☆ Stocks have further to fall after the market's 'bear hug' rally as the Fed isn't ready to pivot from its aggressive rate policy, Bank of America says
▼ + stars: | 2022-10-14 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

The Thursday rally in US stocks was a "bear hug" and not yet the start of a sustainable upswing in equities, Bank of America said Friday. The firm said the rally was ignited in a market that's oversold and where investors are holding high levels of cash. The "Big Low" in the market is coming but there hasn't been enough macro/market pain yet, said BofA's chief US strategist Michael Hartnett. Bank of AmericaLooking forward, Hartnett still sees a "Big Low" coming in markets — but he's still waiting for signs of panic from the Fed. He points specifically to the labor market and manufacturing data, which isn't yet weak enough for the Fed to "fold.

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