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☆ Why Trump should be worried about what the stock market is saying
▼ + stars: | 2024-11-05 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

That’s why Trump, who closely follows the stock market and obsessed over it as president, should be nervous about the recent trend on Wall Street. If the market goes down, the incumbent party gets replaced,” Stovall told CNN in a phone interview Monday. Market indicator was right in 2016 and 2020Vice President Kamala Harris should feel relieved the market has seen solid gains. In 2016, the S&P 500 dipped 2.2% in the lead-up to Trump’s matchup with the Democratic nominee, Hillary Clinton. Yet there’s another market indicator that offers a reason for hope for the Harris camp.

Persons: Donald Trump’s, CFRA Research’s Sam Stovall, Trump, ” Stovall, ”, Stovall, Fannie Mae, Freddie Mac, Barack Obama, Kamala Harris, Dwight Eisenhower, Adlai Stevenson, Hillary Clinton, Clinton, Obama, Joe Biden, Hubert Humphrey, Richard Nixon, Harris, Humphrey, Jimmy Carter, Carter, “, Doug Ramsey, Dow, We’re, ” Ramsey Organizations: New, New York CNN, White, “, CNN, Lehman Brothers, AIG, Trump, Democratic, State, Democratic Party, Investment, Federal, Dow Jones Locations: New York, Chicago, Vietnam, Iran, Monday’s

They said the swim school failed to protect them from an alleged predator by insisting that they change in an open area instead of providing them with a private changing area. “Goldfish failed in its basic duties and obligations to protect them from such harm,” states the lawsuit, which was filed in the Oakland County Circuit Court. “There’s nothing we can say about this right now,” a woman who identified herself as a manager at the Goldfish Swim School in Rochester said when contacted Wednesday by NBC News. Aejaz, who lives about 2 miles south of the swim school in Rochester Hills, Michigan, is being held on a $2 million bond. Aejaz allegedly placed the cameras in hospital changing rooms, closets, bathrooms and private rooms.

Persons: Oumair, ”, Megan Bonanni, Jane, Oakland County Sheriff Michael Bouchard, ” Bouchard, it’s, we’re, Aejaz, videotaping, “, Karen McDonald, Mariell Lehman, he’s Organizations: Goldfish Swim, Oakland County Sheriff, Oakland, Sheriff’s, Police, Detroit Sinai Grace, Oakland County, Swim, NBC News, Henry Ford Macomb Hospital, Ascension Genesys Hospital Locations: Detroit, Rochester , Michigan, Oakland County, ”, India, U.S, Dawson , Alabama, Oakland, Rochester, Rochester Hills , Michigan, Clinton Township, Ascension, Grand Blanc

☆ Trump’s McDonald’s visit highlights a significant problem for workers
▼ + stars: | 2024-10-22 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

Former President Donald Trump’s visit on Sunday to a McDonald’s in Pennsylvania highlights the longest period without a national increase in the federal minimum wage since it was established in 1938. It’s not economics,” Reich said of the record-long period of time without a federal minimum wage increase. Reich, who has testified before Congress on the minimum wage, said there’s no question the federal minimum wage is not a livable wage. Members of the Service Employee International Union organized the rally in support of striking McDonald's workers who are demanding a wage increase. States hike minimum wagesAlthough the federal minimum wage hasn’t budged, many state minimum wages have.

Persons: Lehman, Bear Stearns, Patrick Mahomes, Kamala Harris, Donald Trump’s, Trump, ” Trump, Donald Trump, Doug Mills, Harris, “, ” “, ” Harris, Michael Reich, ” Reich, Anna Kelly, ”, ” Kelly, Reich, Kevin Dietsch, ” Nina Turner, ” McDonald’s, That’s, Chandan Khanna Organizations: New, New York CNN, Lehman Brothers, Getty, Monday, Trump, Dynamics, University of California, CNN, Republican National, America, MIT, ” Labor, Service Employee International Union, Bureau of Labor Statistics, Labor Department Locations: New York, Francisco’s, United States, Pennsylvania, Feasterville, Trevose , Pennsylvania, Birmingham , Michigan, Berkeley, Communist, Washington ,, Alabama, California, Florida, Arkansas, West Virginia, Texas, Wisconsin, North Carolina, Ohio, Fort Lauderdale , Florida

☆ Want to Understand America? Watch ‘Shark Tank.’
▼ + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com time to read: +19 min

“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.

Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, ”, Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, “, Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, “, Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens

While Republicans don’t need to win Nevada to flip the Senate, the state could help dictate the size of a GOP majority. Rosen told NBC News before addressing the Culinary Union that voters have a “clear choice” in the Senate race. “I think Sam Brown is just too extreme, and I want to continue being that pragmatic problem solver, that bipartisan senator who gets results for Nevada,” Rosen said. “It’s a massively missed opportunity,” said one Nevada Republican operative who requested anonymity to speak candidly about party strategy. Asked if Harris should distinguish herself more from the president to win Nevada, Rosen said: “The race is about Kamala Harris versus Donald Trump.

Persons: Sen, Jacky Rosen, ” Rosen, Rosen, Republican Sam Brown, Donald Trump, Kamala Harris, Sam Brown, ” Brown, Raegan Lehman, Democratic Sen, Catherine Cortez Masto, Joe Biden, Hillary Clinton, Brown, Amy Walter, ”, “, “ Sam, ” Lehman, he’s, Zac Moyle, ” Moyle, it’s, Anita Henson Sanchez, Trump, Harris, Biden, “ I’m, Silvia Buanrostro, Amy Organizations: Nevada Democrat, Democratic, United States Senate, Culinary Union, GOP, Republican, Army, NBC, Senate, “, Social Security, Republicans, Trump, Nevada Republican, Republicans ’, don’t, Nevada Republican Party, Nevada, NBC News, Nevada Independent Locations: RENO, Nev, Nevada, Reno, redder, Afghanistan, Las Vegas, Spanish, Mexican, Texas, “ Nevada

☆ How Sri Pangulur went from building his own syndicate to co-leading Mayfield's Series B investing practice
▼ + stars: | 2024-10-07 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +7 min

He decided to formally create a syndicate called Overtime VC, investing up to $250,000 in seed and Series A rounds. Through Overtime, Pangulur invested nearly $20 million in 65 companies, with a focus on enterprise infrastructure and apps. Related storiesHe also continued investing through his syndicate, Overtime VC, and brought these firsthand experiences to the founders he advised. 'Cooking' at the Series BPangulur began raising his own venture fund based on the success of his syndicate fund, Overtime VC. Earlier this month, Pangulur announced two new investments he led: a $25 million Series B for billing infrastructure startup Orb and a $28 million Series B for TeamBridge, a workforce operating software startup.

Persons: Pangulur, parlayed, Mayfield, —, hackathons, Navin Chaddha, Chaddha, Lehman Organizations: Tribe Capital, Fund, Service, Security, Mayfield Fund, Case Western University, KeyBanc, Markets, Lehman Brothers, TeleSoft Partners, VC, Mayfield, Spring Fund, Chaddha Locations: Silicon Valley, Michigan, Ohio, North America, CloudFlare, —

☆ 4:30 a.m. wakeups and scary speakers: Inside Apollo's tactics to prepare its workers for an uncertain future
▼ + stars: | 2024-10-03 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +7 min

Rowan said the firm is testing new tactics to motivate employees to "play to win." Here's how and why the firm has turned to frozen yogurt and 4:30 a.m. wakeups. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"We believe that assets are what is going to be scarce rather than capital," Rowan said, referring to an environment of more limited investment opportunities.

Persons: Rowan, —, Marc Rowan, We've, Lehman, I've, They're, it's Organizations: Service, New, Apollo, Nvidia, that's

☆ NY appellate judges voice serious doubts about Trump's $454M civil fraud verdict
▼ + stars: | 2024-09-26 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Trump's arguments for overturning his $454M civil fraud verdict received a warm reception Thursday. Trump attorney D. John Sauer has made this line drawing a central point of his appeal. The appeal argues that James' fraud case wrongly interfered in the decisions of "sophisticated" banks that had been happy to loan Trump money regardless of any exaggerations. Deutsche Bank relied on Trump's financial statements in loaning him $400 million to develop his Chicago skyscraper, his Washington, DC hotel, and his Miami golf resort. Advertisement"And I will stress, your honor, that this does have harm to the public and the markets," she said of Trump's persistent financial frauds.

Persons: —, Donald Trump, Trump, Peter H, Moulton, Letitia James, James, John Higgitt, Judith Vale, Higgitt, Vale, Lehman, Dianne T, Renwick, John Sauer, Sauer, E, Jean Carroll, Trump's, Arthur Engoron Organizations: Trump Org, Service, New York, General's, New York's AG, Lehman Brothers, Trump, Deutsche Bank, Supreme Court, Mazars USA, New Locations: Manhattan, York, Chicago, Washington, Miami, DC

☆ In a first for $21 billion Balyasny, a star PM will start building his own internal equities unit this month
▼ + stars: | 2024-09-17 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

This month, he'll start building a long-short equity division called Longaeva Partners inside Balyasny and exclusively managing the multistrategy hedge fund's capital, according to people familiar with the matter. "He was very coachable and progressed at a much faster rate than a lot of other, newer portfolio managers," Boyle said. "Peter was good at keeping his emotions out of his portfolio," Boyle said. At Balyasny, Goodwin will effectively have his own unit, though he'll be under the flagship Atlas Enhanced umbrella and operate on BAM's platform, including access to its technology, risk management, hiring, and human resources capabilities. The allure of such a setup is more time to spend on investing, which Longaeva will do exclusively with Balyasny money for now.

Persons: —, Peter Goodwin, Dmitry Balyasny's, Jeff Runnfeldt, Gustav Rydbeck, Goodwin, he'll, it's, they've, Point72, Point72 Goodwin, Peter, Korn, Scott Goodwin, Shaw, Perry Boyle, Boyle, delegating, he's Organizations: Service, Management, Business, Longaeva Partners, Millennium Management, Korn Ferry, JPMorgan, Lehman Brothers, Ziff Capital Locations: D.E

☆ Top banking analyst Mayo says Citi shares can double over the next 2-and-a-half years
▼ + stars: | 2024-09-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Wells Fargo bank analyst Mike Mayo highlighted Citigroup stock as his favorite bank name on Tuesday while speaking on CNBC's " Squawk on the Street ." Shares of Citigroup could double over the next two-and-a-half years "simply by going back to tangible book value," Mayo said. Citigroup sold for 73% of tangible book at the end of June, up from 60% at the end of last December, according to FactSet data. "Even after running this model, banks still have plenty of excess capital to support the economy," Mayo noted. "Recession or no recession; higher rates or lower rates … whatever hits you, I think banks are able to weather it quite well now."

Persons: Mike Mayo, Mayo, Jane Fraser Organizations: Citigroup, Federal Reserve, UBS, Lehman Brothers, Credit Suisse, Prudential, Deutsche Bank, Federal Locations: Wells Fargo, . U.S

☆ Warren Buffett doesn't pay attention to macro factors when investing, and here's why
▼ + stars: | 2024-09-08 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

"It doesn't make any difference what the headlines are, it doesn't make any difference what the Federal Reserve is doing, it doesn't make any difference what's going on in Europe. "If we're right about the business, the macro factors aren't going to make any difference. And if we're wrong about the business, macro factors are not going to bail us out," he said. ... Everybody thinks we sit around and talk about macro factors. We don't have any discussions about macro factors."

Persons: Warren Buffett, it's, Buffett, Benjamin Graham, Lehman Organizations: Federal, Oracle, Berkshire Hathaway's, Federal Reserve, Columbia University, Cuban Missile, New York Times, Lehman Brothers Locations: Omaha, one's, Europe, Berkshire, America

☆ An options strategy that will win during a market comeback, while withstanding more volatility
▼ + stars: | 2024-08-09 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The massive resurgence in volatility (as measured by the Cboe Volatility Index - VIX ) has revealed market vulnerability coupled with significant uncertainty. With the VIX hitting a multi-year high of 65 this week, elevated options premiums offer higher risk/reward scenarios. .VIX YTD mountain Cboe Volatility Index, YTD The VIX, also known as Wall Street's "fear gauge", vaulted above 60 earlier this week, the highest since pandemic induced volatility back in March 2020. In the event you disagree with my bullish view, feel free to take the other side of this trade. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Lehman Organizations: Lehman Brothers, CNBC, NBC UNIVERSAL

☆ Nice guys finish first: 7 secrets to success at Blackstone, according to a campus recruiter, a former intern, and other firm insiders
▼ + stars: | 2024-08-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

This summer, Gray addressed Blackstone's summer interns about how they might advance at the firm, according to a recent LinkedIn post. AdvertisementBut how exactly does one go about being "nice" at Blackstone? Here's how to succeed at Blackstone, according to three executives, an ex-intern, and public comments made by top leaders including Gray and Schwarzman. "Steve Schwarzman always says it is just as easy to hire a smart, nice person as a smart, not nice person," Ross told BI. That's just not who we are as a firm," Ross said, adding, "We think investing's a team sport."

Persons: —, Jon Gray, Blackstone, Gray, Steve Schwarzman, that's, Morgan Stanley, Thomson, Schwarzman, Lehman, we'll, Paige Ross, Blackstone Paige Ross, niceness, Ross, That's, Marshall Plumlee, Plumlee, Marshall Plumlee dunking, Mark J, Terrill, Marshall, Jahlil, you've, it's, Peter Peterson, Jeenah, they're, They're, Taylor Kanfer, we're, Kanfer, Joe Zidle, Blackstone . Blackstone Zidle, Zidle Organizations: Service, Business, Blackstone, Blackstone —, Lehman Brothers, Thomson Reuters, Duke University's, NBA, New York Knicks, Milwaukee Bucks, Associated Press, Duke, 75th Ranger Regiment, Army, LinkedIn, Veterans Network, Blackstone . Locations: Blackstone, New York, Manhattan, Afghanistan

☆ Investors want the Fed to save the market, but an emergency cut could make things worse
▼ + stars: | 2024-08-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Monday's global stock market sell-off led to calls for the Federal Reserve to step in , but that could prove to be even more trouble for investors. This sell-off is not being driven banking crisis, and an emergency rate cut by the Fed may hurt more than it helps, said Lawrence McDonald, a bestselling author and market risk expert. "If they do that, they weaken the dollar, they actually strengthen the yen, and this whole carry trade gets worse," McDonald said. The " carry trade " mentioned by McDonald and others as a key reason for this sell-off is related to interest rates in Japan. Central banks in the United States and other developed markets have hiked interest rates aggressively in the post-pandemic period to fight inflation.

Persons: Lawrence McDonald, McDonald, Lehman Organizations: Federal Reserve, Bank of Japan, U.S, Fed, Lehman Brothers Locations: Japan, Central, United States

☆ Why the Fed almost certainly isn’t going to do an emergency rate cut
▼ + stars: | 2024-08-05 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

Investors are increasingly hopeful that will push Federal Reserve officials to come to their rescue with an emergency rate cut. But if something comes up in between those meetings that changes their views on the ideal level for rates, officials can gather for an unscheduled “emergency” meeting. By doing two large emergency cuts in succession, Fed officials didn’t have to weigh whether their actions would unnecessarily cause Americans to panic. Before those cuts, the last time the Fed was promoted to do an emergency rate cut was in the thick of the Great Recession shortly after Lehman Brothers collapsed in the fall of 2008. But he said he was “reluctantly” comfortable with an emergency cut since other central banks were doing it.

Persons: Austan Goolsbee, there’s, Lehman Brothers, ” Charles Plosser, “, ”, That’s, Janet Yellen, ” Yellen, Plosser Organizations: New, New York CNN, Federal, Chicago Fed, New York Times, Philadelphia Fed, Bank of Canada, European Central Bank, Bank of England, San, Committee, Fed, Treasury Locations: New York

☆ Dad of 12-year-old high school graduate shares his No. 1 piece of parenting advice: It 'can change their life'
▼ + stars: | 2024-07-31 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Bari is the father of Suborno Bari, a 12-year-old from Lynbrook, New York, who graduated from high school in June. Suborno Bari graduated from Malverne High School on Long Island in July at just 12 years old. Source: Bari familyInstead, Bari took Suborno with him to college classes and introduced his young son to his professors. Parents showing interest boosts kids' self-esteemMost children don't memorize the period table at such a young age. Suborno Bari, 12, celebrating his graduation with his father, Rashidul.

Persons: Rashidul, Suborno, Bari, Shaheda, Bari downplays, he'd, — who'd, —, Suborno Bari Organizations: New York University, Brown University, CNBC, Lehman College, Brooklyn Technical High School, Columbia University, Malverne High, Brooklyn College, Mumbai University Locations: Rashidul Bari, Bari, Suborno Bari, Lynbrook , New York, Long

☆ These 10 U.S. states are America's least-prepared for climate change and extreme weather
▼ + stars: | 2024-07-26 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

In 2021, Maryland adopted a ten-year Climate Adaptation Resilience Framework aimed at making the state's infrastructure more sustainable by 2030. 2024 Infrastructure Score: 230 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 100% Renewable Energy: 14% 9. 2024 Infrastructure Score: 235 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 54% Renewable Energy: 4% 5. 2024 Infrastructure Score: 246 out of 425 points (Top States Score: B+) Climate Extremes Index: 39.82% Properties at risk: 14% Renewable Energy: 5% 4. 2024 Infrastructure Score: 179 out of 425 points (Top States Grade: D+) Climate Extremes Index: 48.6% Properties at risk: 100% Renewable Energy: 6% 1.

Persons: There's, Jeremy Porter, Maria Lehman, Governor Moore, Sarah L, Voisin, Ming Li, Wes Moore, Baltimore's Francis Scott Key, Kevin Dietsch, Danielle Villasana, Joseph Prezioso, Pennsylvania Al Walker, Audrey, Jeff Swensen, Drew Koch, Zbigniew Bzdak, Aaron Wilson, Joe Biden, Lady Jill Biden, Peter Zay, Winter Storm Lorraine, Anibal Martel, Louisiana Farmer Chad Hanks, Justin Sullivan, John Bel Edwards, Jeff Landry, Lokman Organizations: NOAA National Centers for Environmental, First Street Foundation, U.S, Infrastructure, American Society of Civil Engineers, Companies, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Maryland, Preparedness, Washington Post, University of Maryland Center, Environmental, Gov, Energy, Delaware Contractors, Army Corp of Engineers, Texas, Lone Star State, Climate Center, Georgetown University, The, New, New Hampshire Workers, AFP, Getty, Environmental Protection Agency, University of New, Pennsylvania, Grow, Keystone, Pennsylvania Department of Environmental, Chicago Tribune, The Buckeye State, Mississippi Residents, Anadolu, Connecticut Municipal, Winter, Constitution, Connecticut Department of Public Health, Louisiana, NOAA, Task Force, Republican Gov Locations: U.S, States, , Maryland, Silver, Maryland, Montgomery, Chesapeake, Bethany Beach , Delaware, Delaware, Houston , Texas, , Texas, The Texas, New Hampshire, Nashua , New Hampshire, University of New Hampshire, Grow Pittsburgh, Braddock , Pennsylvania, Pittsburgh, Midwest, Ohio, Sandusky, Lake Erie, Erie, Mississippi, Rolling, United States, Connecticut, Hartford Area , Connecticut, Kaplan , Louisiana, Louisiana, Jersey, Lodi , New Jersey

☆ These 10 U.S. states are America's best-prepared for climate change and extreme weather
▼ + stars: | 2024-07-26 | by ( Scott Cohn | ) www.cnbc.com time to read: +12 min

Some states are particularly vulnerable to climate risks, but these ten states are most ready for what Mother Nature has in store. 2024 Infrastructure Score: 276 out of 425 points (Top States Grade: A+) Climate Extremes Index: 14.9% Properties at risk: 96% Renewable energy: 24% 8. 2024 Infrastructure Score: 189 out of 425 points (Top States Grade: C-) Climate Extremes Index: 22.12% Properties at risk: 34% Renewable Energy: 77% 2. While a large percentage of Idaho properties are susceptible to climate risk, the danger of flooding is relatively minimal. 2024 Infrastructure Score: 195 out of 425 points (Top States Grade: C) Climate Extremes Index: 16.54% Properties at Risk: 90% Renewable Energy: 78% 1.

Persons: Jeremy Porter, Pete Buttigieg, Maria Lehman, Nature, Marli Miller, Justin Sullivan, Wolfgang Kaehler, Matt McClain, Randy Olson, Forester John Erixson, Kirby Lee, Jared Polis, Mario Tama, Rushmore, Idaho Neil Lincoln, Brownlee, Robert Gauthier, William, Marcia Lee, David Becker Organizations: First Street Foundation, Infrastructure Law, Transportation, CNBC, American Society of Civil Engineers, First, Atmospheric Administration, U.S . Department of Energy, Oregon Solar, UCG, Getty, Oregon Department of Energy, Washington, Cedar, Bio Energy Washington, Lightrocket, Washington Department of Commerce, Clean Energy Fund, New, Washington Post, Energy, Nebraska, Nebraska Forest, Colorado, University of Colorado, California, Energy Department, Dakota, Idaho Power, Los Angeles Times, Idaho Locations: Louisiana, States, Oregon, Valley , Oregon, Arizona, Phoenix , Arizona, Maricopa County, Phoenix, King, King County , Washington, United States, New Mexico, Mora , NM, Nebraska, Loup, Taylor , Nebraska, Boulder , Colorado, Palm Springs , California, California, Texas, South Dakota, Cavan, Iowa, Idaho, Nevada, Las Vegas

☆ 8 of the biggest stock market crashes in history — and how they changed our financial lives
▼ + stars: | 2024-07-19 | by ( Rebecca Reisner | Richard Richtmyer | ) www.businessinsider.com time to read: +20 min

While the triggers for stock market crashes vary, the ultimate outcome is always the same: the market recovers. Here's a summary of eight of the most notable stock market crashes in history, their causes, and their fallout. Stock market crash FAQWhat happens when a stock market crashes? Numerous things can cause a stock market to crash, including:PanicNatural or man-made disastersEconomic crisesSpeculationCan a stock market crash be prevented? Unlike a bear market, stock market corrections are often short and usually work themselves out.

Persons: It's, Terry Marsh, Here's, Stocks, Carola Frydman, J.P, Morgan, —, Blair Hull, Alan Greenspan, Marc Chandler, Marsh, weren't, Tyler Muir, Thai bhat, Paula Bronstein, Stringer, Chandler, chipmaker, WebVan.com, Muir, The, Lehman Brothers, NICHOLAS ROBERTS, homebuyers, Bear, Lehman, Fannie Mae, Freddie Mac, Dodd, Frank Wall, Europe —, Italy — Organizations: Federal Reserve System, SEC, FDIC, Haas School of Business, University of California, Federal Reserve, United Copper Company, UCC, Kellogg School of Management, Northwestern University, Federal, System, Dow Jones, Gross, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Dow, Nasdaq, Chicago, Black, Bannockburn Global Forex, UCLA Anderson School of Management, Getty, Asia, International Monetary Fund, chipmaker Qualcomm, The Sarbanes, Oxley, Investors, Financial, Bear Stearns, Lehman Brothers, Nikkei, US, Asset, Frank Wall Street Reform, Consumer, Consumer Financial, Dow Jones Industrial, Center, Budget, Stock, Corrections Locations: University of California Berkeley, AFP, Iran, Bannockburn, Japan, Thai, Asia, Thailand, Malaysia, Indonesia, South Korea, COVID, China, Europe, Italy, Chevron

☆ The next hot jobs for Gen Z
▼ + stars: | 2024-07-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +8 min

Silicon Valley has been laying off workers by the tens of thousands, making tech work almost impossible to come by. Millennials believed they were heading to Silicon Valley in service of a lofty mission. AdvertisementIf Silicon Valley is going out of vogue, what will take its place as the next hot destination? Civil service doesn't come with the pay or the glamour of tech jobs, but it offers the stability that college students say they want. When I speak to college students these days, I'm struck by how they lack the naivete I suffered from when I was their age.

Persons: Zers, Tesla, Instagram, Christine Cruzvergara, You've, Cruzvergara, Gen, Millennials, Lehman Brothers, Jude Children's, ironies, I'm, they're, they'll, Aki Ito Organizations: National Society of High School, Disney, Google, Facebook, Dow Chemical, Tech, Big Tech, Jude Children's Research, Mayo, Disease Control, FBI, NASA, CIA, CDC, Big Tech's, Star, Business Locations: Silicon, Silicon Valley, Washington

☆ Practicing gratitude could help you live longer, new study says
▼ + stars: | 2024-07-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +8 min

Now, a new study has found those who experience more gratitude also have a lower risk of dying. The researchers used data from the Nurses’ Health Study, which included nearly 50,000 women between ages 69 and 96 who completed a six-item gratitude questionnaire in 2016. The researchers controlled for factors such as psychological well-being, health issues and other demographics including social and religious participation. There’s no clear consensus on how often one should practice gratitude, Simon-Thomas said. Having more gratitude has also been linked to being more optimistic in general, and people who express higher levels of gratitude tend to look more for the good in life, Watkins added.

Persons: ”, Tyler VanderWeele, John L, Loeb, Frances Lehman Loeb, VanderWeele, “ It’s, ” VanderWeele, Philip Watkins, Watkins, Emiliana Simon, Thomas, “, Simon, it’s, —, ” Simon, ” Watkins Organizations: CNN, Nurses, Harvard, Chan, of Public Health, Human, Initiative, Health, Spirituality, Eastern Washington University, Greater Good Science, University of California, “ Research Locations: “, Boston, United States, Berkeley

☆ The Real Problem With Legal Weed
▼ + stars: | 2024-07-03 | by ( Charles Fain Lehman | ) www.nytimes.com time to read: 1 min

Kathy Hochul has called New York’s legalization rollout “a disaster.” Mayor Eric Adams has spent months demanding that Albany fix the current system. There are around 140 recreational dispensaries operating statewide — about one for every 148,000 New Yorkers. Instead of shopping legally, New Yorkers tend to get their weed from the illegal shops that now blanket the state. Estimates suggest that there are anywhere from 2,000 to 8,000 in New York City alone, with uncounted more from Ithaca to Oneonta. Recent crackdowns have temporarily sealed more than 400 stores — only a small fraction of the total in the city.

Persons: Kathy Hochul, Eric Adams Organizations: Yorker Locations: Albany, Yorkers, New York City, Ithaca, Oneonta

☆ David Einhorn was once the young thorn in the side of executives. Now he's dealing with his own.
▼ + stars: | 2024-05-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn 1996, David Einhorn founded Greenlight with less than $1 million in capital — a good chunk of which came from his parents — at the precocious age of 27. And now the 55-year-old is dealing with something he once was: a thorn in the side. Fishback sued his old firm for defamation in October, which is now in arbitration, according to a person familiar with the case. Thursday, Fishback said he was invited to debate Tesla with his old boss, saying Einhorn didn't understand Musk's company's "core value driver" of autonomy.

Persons: —, David Einhorn, sayer, sneering, Elon Musk, Einhorn, He's, year's Sohn, James Fishback, Fishback's, Fishback, Greenlight, Pharma Bro, Martin Shkreli, — Fishback, Tesla, Fishback —, Free Press —, I'm Organizations: Service, Business, Lehman Brothers, Allied, Tesla, Pharma, Free Press Locations: —, New York, Bari

☆ Longtime tech investor Dan Niles is fundraising. He explains why he believes now is the time for his Satori Fund.
▼ + stars: | 2024-05-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

Read previewTwenty years after Dan Niles started running his tech-focused portfolio at Lehman Brothers, he's looking to grow. Niles, a longtime money manager running the Satori Fund and a frequent market commentator, has only recently taken over the fund entirely. After the collapse of Lehman Brothers, which the fund was a part of, Niles spun the fund out. Now, under a new brand — Niles Investment Management — and with the current market environment, Niles is eyeing hundreds of millions in new capital for the fund. "Since 2007, it's been the right product at the wrong time," Niles said about his strategy in an interview with Business Insider.

Persons: —, Dan Niles, Lehman, Niles, it's, he's, Stanley Druckenmiller, George Soros, I've Organizations: Service, Lehman Brothers, Business, Niles Investment Management, Google, Microsoft, Amazon Locations: Niles, West Coast, South Florida, Seattle

☆ Who Owns a Drawing That May Be Nazi Loot? A Judge Will Decide.
▼ + stars: | 2024-05-09 | by ( Colin Moynihan | Tom Mashberg | ) www.nytimes.com time to read: +1 min

In 1964, Robert Owen Lehman Sr., a philanthropist and art collector who led the Lehman Brothers investment firm through the Great Depression, bought a small drawing by the Austrian artist Egon Schiele. A few weeks later, his son Robert Owen Lehman Jr. says, he received the drawing, a portrait of a rosy cheeked woman with a soft smile, from his father as a holiday gift. The collectors, Karl Mayländer and Heinrich Rieger, were associates of Schiele in Austria, and their heirs have each claimed ownership of “Portrait of the Artist’s Wife,” a depiction of Edith Schiele. Mayländer was a textile merchant who is depicted in at least two Schiele portraits. Both men were killed by the Nazis during World War II.

Persons: Robert Owen Lehman Sr, Egon Schiele, Robert Owen Lehman Jr, Karl Mayländer, Heinrich Rieger, Edith Schiele, Mayländer, Rieger Organizations: Lehman, Schiele Locations: Austrian, Austria

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