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Harris For President Campaign | Via ReutersFinancial experts describe Vice President Kamala Harris' investment style in one word: Boring. In her role as vice president, Harris filed a public financial disclosure report for 2023, which was signed in May. Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners in Jacksonville, Florida, who also reviewed Harris' financial disclosure, said it makes her "heart sing" to see Harris investing in low-cost passive investment strategies. Since 2020, mortgage rates have increased substantially, which means the couple missed their chance to lock in a low rate for a longer term. McClanahan said she urged everyone to lock in the record low mortgage rates that were available back then.
Persons: Kamala Harris, Barack Obama, Michelle Obama, Harris, Dustin Thackeray, She's, Thackeray, Carolyn McClanahan, McClanahan, Vance, , Second, Douglas Emhoff, Barry Glassman, Glassman, Cash, Emhoff, it's, Ted Jenkin, Atlanta . Jenkin Organizations: Democratic, Reuters, Crewe Advisors, Planning Partners, CNBC, Finance, GOP, Wealth, CNBC's, Council Locations: U.S, Salt Lake City, Jacksonville , Florida, California, Atlanta .
He's not doing all this out of the kindness of his heart; he's doing it because he wants the credit-card rewards. In a recent poll from Ipsos, 71% of Americans surveyed said they had some sort of rewards, points, or cash-back card, and 80% of those with such a card said they valued their rewards. But maybe we love our credit-card rewards too much, to the point that it's making us act in less-than-ideal ways toward those we hold near and dear. But credit-card rewards are, indeed, making things uncomfortable. I recently booked a fight with a friend who remarked she'd gotten some $300 in travel credit from her rewards card.
Persons: Pam, she's, It's, He's, Jane, Joe, there's, Mary fuming, Matt Schulz, Taylor Swift, I'm, Jen, who's, She'd, nonpoints, Emily Thompson, Guy, they'd, Ted Rossman, , Danielle Bayard Jackson, she'd, Thompson, I'd, Matt, " Schulz, LendingTree, they've, Emily Stewart Organizations: brunch, LendingTree, American, Business Locations: San Francisco, Ipsos, Singapore, Chicago, Alaska, Florida
RuPaul might never have never tried drag if not for advice he got while he was in high school. "He said 'RuPaul, do not take life too seriously,''" the star, whose full name is RuPaul Andre Charles, told the crowd. RuPaul went on to explain that he flunked his first attempt to get through the 10th grade before succeeding on his second try. "Of all the time I spent in school, that was the most valuable lesson I ever learned," RuPaul said. Dressing up became an outlet for his creativity and helped him embrace the advice he got in the 10th grade.
Persons: RuPaul, RuPaul Andre Charles, we've Organizations: CNBC
CNN —Democratic Sen. Bob Menendez of New Jersey will resign his seat effective August 20, according to a copy of his resignation letter obtained by CNN. Menendez had faced mounting pressure from within his own party to resign or face the threat of expulsion from the Senate. Receipt of Menendez’s resignation letter was announced Tuesday on the Senate floor in a brief exchange between Senate Majority Leader Chuck Schumer and Presiding Officer Sen. Peter Welch, a Democrat from Vermont. “In light of this guilty verdict, Senator Menendez must now do what is right for his constituents, the Senate, and our country, and resign,” Schumer said in a statement. Menendez stepped down as chairman of the Senate Foreign Relations Committee last year, but had long rejected calls to resign his US Senate seat.
Persons: Democratic Sen, Bob Menendez, Menendez, , Chuck Schumer, Sen, Peter Welch, Phil Murphy, Andy Kim, Curtis Bashaw, ” Menendez, , , Schumer, ” Schumer, Menendez’s, Prosecutors, Nadine Menendez, Salomon Melgen, Manu Raju, Ted Barrett, Owen Dahlkamp Organizations: CNN, Democratic, Bob Menendez of New, Senate, Vermont . New, Vermont . New Jersey Gov, Democrat, Capitol, Senate Foreign, Mercedes, Benz, Hyatt Locations: Bob Menendez of, Bob Menendez of New Jersey, New Jersey, Vermont ., Vermont . New Jersey, Paris
CNN —Senate Majority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries endorsed Vice President Kamala Harris for the Democratic nomination for president during a news conference in Washington on Tuesday. “Kamala Harris and her candidacy has excited and energized the House Democratic Caucus, the Democratic Party and the nation,” he said. One source told CNN that Schumer and Jeffries, both of New York, have spoken to Harris. However, Schumer and Jeffries did not immediately endorse Harris, at first stating that they “look forward to meeting in person with Vice President Harris shortly as we collectively work to unify the Democratic Party and the country.”Many of Harris’ potential challengers, such as Michigan Gov. Gretchen Whitmer, endorsed the vice president, giving her a clear path to the nomination.
Persons: Chuck Schumer, Hakeem Jeffries, Kamala Harris, , ” Schumer, ” Jeffries, Harris, “ Kamala Harris, , Schumer, Jeffries, Joe Biden, Harris ’, , Nancy Pelosi, Katherine Clark, Pete Aguilar, Ted Lieu, Gretchen Whitmer Organizations: CNN, Democratic, Democrats, House Democratic Caucus, Democratic Party, , Capitol, Congressional Hispanic Caucus, Congressional Black Caucus, Congressional Progressive Caucus, Michigan Gov Locations: Washington, United States of America, New York
Read previewCreating content online is more alluring than a traditional job for many people, new data by influencer marketing and technology platform IZEA found. AdvertisementThe industry can be financially unstable though, and some full-time influencers BI spoke with recently have pivoted back to the corporate world. "The idea of full-time content creation is often more glamorous than reality," creator Mitchie Nguyen previously told BI. A few months ago, the New York-based influencer left her full-time position at Johnson & Johnson to scale her social-media business. Consumers who spend more than five hours per day on social media are 4.4 times more likely to be compensated.
Persons: , IZEA, Gen Zers, Ted Murphy, influencers, Emarketer, Mitchie Nguyen, Ariana Nathani, influencer, Johnson, Murphy Organizations: Service, Business, Johnson, BI, Consumers Locations: New York, today's
Investment banking was the rock star of big bank earnings this season. For Club stock Morgan Stanley, investment banking revenues surged 51% year over year with equity underwriting fees jumping over 56%, and advisory fees increasing over 30% from the year-ago period. Wells Fargo's investment banking revenues, which fall underneath its corporate and investment banking (CIB) division, jumped 38% year over year. "The investments we have been making allowed us to take advantage of the market activity in the quarter with strong performance in investment advisory, trading and investment banking fees." And good news for investors, it doesn't look like the rebound in investment banking is slowing anytime soon.
Persons: Morgan Stanley, Wells, JPMorgan Chase, Goldman Sachs, Goldman, Morgan, We've, Morgan Stanley's, NII, Charlie Scharf, Ted Pick, we're, David Solomon, Donald Trump, Jim Cramer's, Jim Cramer, Jim, JPMorgan Organizations: JPMorgan, Bank of America, Citigroup, Citi, Investment, IB, Federal Reserve, Wells, CNBC, CIB, Morgan, Wall, Citibank, JPMorgan Chase, Reuters Locations: Wells Fargo, Wells, U.S
Pope said Boeing is on the right path to improving its manufacturing quality, safety and predictability of deliveries, a "transformational change" that she said will take years. "It still doesn't take away the reality that we've disappointed" our customers, she said at a press conference before the Farnborough Airshow, outside of London. "This plan is not a three month plan," said Pope. As part of the leadership shakeup that promoted Pope to head the commercial unit, Boeing's CEO Dave Calhoun said he would step down by year's end. Boeing reports quarterly results on July 31 and is set to report charges from that unit, Colbert said at the same press conference.
Persons: Stephanie Pope, Max, Pope, haven't, Dave Calhoun, Ted Colbert, Colbert Organizations: Boeing, MAX, LONDON, Federal Aviation Administration, Farnborough, FAA, Air Force One Locations: Renton , Washington , U.S, London
Timeline: How the CrowdStrike outage unfolded
  + stars: | 2024-07-20 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +10 min
Washington, DC, public transportation services — including trains and buses — begin experiencing delays, according to the Washington Metropolitan Area Transit Authority. At 5:30 a.m., US cybersecurity firm CrowdStrike tells customers that it was “aware of reports of crashes” of its software on Microsoft Windows operating systems, according to a company advisory viewed by CNN. Australian lenders ANZ and Westpac were also impacted, according to Downdetector, a website that tracks cyber outages. Other states also report impacts to their driving services, including Georgia, North Carolina, Texas and Tennessee. CrowdStrike would take steps “to prevent anything like this from happening again,” according to a statement on the company’s website.
Persons: Ted Wheeler, they’re, We’re, Charlotte, Biden, Joe Biden, George Kurtz, , Brigham, Dana, Blood, Andrea Cefarelli, Jenny Ficenec, , Kurtz, CrowdStrike Organizations: New, New York CNN, Federal Aviation Administration, American Airlines, FAA, Allegiant Airlines, Spirit Airlines, Washington Metropolitan Area Transit Authority, Metropolitan Transportation Authority, Microsoft, CNN, CrowdStrike’s, Fortune, White, National Security, Global, Australia’s Commonwealth Bank, Bank of Israel, ANZ, Westpac, ASB Bank . Portland, Emergency, Dispatch, United Airlines, Air Lines, Hartsfield Jackson International, Charlotte Douglas International Airport, , Miami International Airport, Customs, Border, Alaska State Troopers, Phoenix Police Department, Computer, Police, Rescue, Federal Communications Commission, US Department of Homeland Security, CrowdStrike, Social, US Department of Justice, UPS, FedEx, Massachusetts Department of Transportation, Vehicle, Mass, Penn Medicine, Northwell, Emory Healthcare, Farber Cancer Institute, Memorial Sloan Kettering Cancer Center, Provincial Health Services Authority, New York Blood Center, Northeast, Centers of America, Assurance Locations: New York, Alaska, Arizona, Delta, United, Washington, DC, New York City, North, Georgia, North Carolina , Texas, Tennessee, Massachusetts, Pennsylvania, Atlanta, Boston, British Columbia, New, Northeast United States, North Carolina, Virginia
Opinion Meet the Flip-Flop Club: 7 Republicans Who Kissed the RingClaire Merchlinsky/The New York Times; Images by Mary981, via Getty ImagesYou could call it a glorious moment of party unity. Either way, the Republican Party’s nominating convention was an impressive show of force by its undisputed leader, Donald Trump, who has vanquished all comers to rally his party around the MAGA flag. Heading into the primary elections, plenty of Republicans were desperately casting about for a Trump alternative, and plenty of challengers were auditioning for the position. But you can’t fight the base, and as it became clear that Republican voters were going to stick with Mr. Trump, his skeptics and critics fell into line one by one. is Mr. Trump’s party, now more than ever.
Persons: Who, Claire Merchlinsky, Donald Trump, Trump, Nikki Haley, Ron DeSantis, Vivek Ramaswamy, Ted Cruz, Elise Stefanik, JD Vance, Trump’s, MAGA, Nikki Organizations: New York Times, Getty, Republican
All flights were grounded for United Airlines, Delta Air Lines, American Airlines and Allegiant Airlines on Friday. Meanwhile, thousands of companies around the world are struggling with payment processing after the outage brought down systems across a wide range of businesses. Airlines, banks, TV channels and other businesses were disrupted worldwide on Friday following a major computer systems outage linked to an update on an antivirus program. In addition to hospitals, blood donation centers have experienced challenges and are altering blood shipment methods due to flight delays. The Social Security Administration closed its local offices to the public on Friday after the outage shut down numerous services.
Persons: , , Kiah Hampton, Hampton, Jennifer Small, ” Small, Ty Kelley, “ I’m, Miya Haney, Dave DeWalt, George Kurtz, ” Kurtz, Etienne Laurent, Kim Brown, ” Brown, Laura Topete, ” Topete, Ted Wheeler, Kathy Hochul Organizations: CNN, Microsoft, United Airlines, Delta Air Lines, American Airlines, Allegiant Airlines, Airlines, Atlanta’s Hartsfield, Jackson International Airport, ” Spirit Airlines, Shipping, UPS, FedEx, Marriott International, Hilton, McAfee, Infrastructure Security Agency, Delta Airlines, Getty, Kaiser Permanente, Health, Hospital Medical, Epic Systems, US Department of Health, Human Services, York Blood Center, Angeles, Superior Court, Department, , United States Customs, Border Protection, CBP, Social Security Administration, US Department of Justice Locations: United States, Los Angeles, ” New Jersey, Jersey, Philadelphia, Boston, Alaska, Phoenix, New York City, Texas , Tennessee, North Carolina, Georgia, Airlines, Kaiser, San Jose , California, Portland , Oregon, Southern California, San Diego County, Arizona, Maricopa County, New York
"Everyone is thinking they deserve a tip," Pam — who asked to go by her first name for privacy, but whose identity has been verified with Business Insider — said. Advertisement"I just don't think tipping is a good thing to do," Sandberg told BI. AdvertisementFor instance, Sandberg doesn't see tipping as necessary if he's buying something himself because "there's no extra service." "If I have to stand up to order my food or to buy my product, you're not getting a tip," Sandberg said. AdvertisementMeanwhile, there are services Pam doesn't tip for and ones she does.
Persons: , Pam, Pam —, It's, Ted Rossman, Rossman, I'm, Xers, culture's, it's, Pam isn't, Michael Sandberg, shouldn't, Sandberg, Tipping, Uber Organizations: Service, Pew Research, Business, Pew Research Center Locations: gratuities
Trump has long been known for the brash, even vulgar way he sometimes speaks about women. “President Trump championed my journey, empowering me to be who I became today,” Habba said. “The media’s negative portrayal of President Trump and his treatment of women is entirely false,” Karoline Leavitt, the Trump campaign’s national press secretary, said in a statement. “Every attack on President Trump only strengthens our movement,” said Habba, who represented Trump in the Carroll defamation suit. “Sham indictments and baseless allegations will not deter us, because the only crime President Trump has committed is loving America.”
Persons: Sarah Huckabee Sanders, Donald Trump, Trump, Alina Habba, Kai Trump, ” Sanders, “ Sarah, Bernadette Tuazon, , ” Habba, Kellyanne Conway, Trump’s, ” Conway, , , ” Lara Trump, Luke, President Trump, ” Karoline Leavitt, Leavitt, Trump’s brashness, Biden, Megyn Kelly, Kelly, Carly Fiorina, Sen, Ted Cruz, Hillary Clinton, ” Clinton, Jean Carroll, Carroll, White, Joe Biden, “ Mr, ” Biden, he’s, Habba, “ Sham Organizations: CNN, Republican, Republican National Convention, Democratic, White, , RNC, White House, Republican National Committee, Trump Locations: Milwaukee, Arkansas, ” Arkansas, Carolina, , Ted Cruz of Texas, Florida, Detroit, America
Words Used at the Republican National Convention
  + stars: | 2024-07-19 | by ( Jonathan Corum | ) www.nytimes.com   time to read: +3 min
J. Scott Applewhite/Associated PressWords Used at the Republican National ConventionSpeakers at the Republican National Convention used more than 110,000 words over four boisterous days. The selection of speakers and their choice of words reflected both the pointed campaign rhetoric and the rewritten platform of the Republican Party in 2024. Excluding common and routine words, the most frequently spoken words were:Words on the EconomyJoe Raedle/Getty ImagesEconomic concerns were a recurring theme of the convention. Frequently used words when talking about the economy included:Words on ImmigrationReuters/Brian SnyderSpeakers described “millions of illegal aliens” crossing the southern border, promoting the idea of a migrant crime surge with descriptions of “murderers and rapists” and “criminals and terrorists.”Some of the words frequently used when discussing immigration:Words From Notable SpeakersCircles show the number of times that these selected speakers used the following words. The only known Republican acceptance speech with a comparable word count was William Howard Taft’s in 1908.
Persons: Scott Applewhite, Joe Raedle, Rick Scott of, Biden, Brian Snyder, , Ted Cruz Nikki Haley Ron DeSantis Donald Trump Jr, J.D, Vance Donald J, – –, Harris, , Kenny Holston, Donald J, Trump, William Howard Taft’s, William Howard Taft, Michael M, Mr Organizations: Republican, Republican National Convention, Republican Party, Immigration Reuters, Trump, Biden, , Israel –, Afghanistan –, Iran, Putin, Health, New York, American, of, Affordable, The Democratic, Convention Locations: Rick Scott of Florida, Gaza, Afghanistan, Ukraine, Russia, China, Chicago
That suggests Crooks may have been looking to carry out a high-profile shooting, and the Trump event’s proximity and timing offered the most accessible opportunity, federal officials have speculated. Crooks had also searched for information on another recent mass shooter who shot and killed four classmates at a Michigan high school in 2021. Obtained by CNNBut there are also significant differences between Crooks’ behavior and that of a typical mass shooter. Nearly seven years after America’s deadliest mass shooting, investigators still do not know why Paddock pulled the trigger. You want every detail you can find.”CNN’s Scott Glover, Allison Gordon and Holmes Lybrand contributed to this report.
Persons: Donald Trump, Thomas Matthew Crooks, Crooks, who’ve, Joe Biden, Trump, didn’t, Ethan Crumbley, Kathleen Puckett, ” Ted Kaczynski, ” Puckett, Stephen Paddock, Paddock, , Juliette Kayyem, Crooks ’, Mary Ellen O’Toole, , Puckett, , it’s, ” CNN’s Scott Glover, Allison Gordon, Holmes Lybrand Organizations: CNN, Democratic National Convention, Trump, Department of Homeland Security, US Secret Service, FBI Locations: Pittsburgh, Michigan, Las Vegas, Vegas
Read previewYou don't need to know a lot about tornadoes to understand the massive storms you'll see on screen in the new film "Twisters," debuting in US theaters Friday. 22 science terms to know before seeing 'Twisters'Cap: A layer of warm air thousands of feet high in the atmosphere that can slow or stop the formation of a thunderstorm. Sandwiched between warm, moist air and cold, dry air, the cap can also increase instability and cause a severe storm if it's removed. Eric Kurth/NOAADoppler radar: The National Weather Service's Doppler radars look like they have giant golf balls sitting on top of them. Recent research suggests severe storm activity is shifting to states like Alabama, Arkansas, Kentucky, Louisiana, Mississippi, and Tennessee.
Persons: , Eric Kurth, Ted Fujita, Paul Huffman, Sakuhei Fujiwhara, Matthew Cappucci, it's, Paul Markowski, Yvette Richardson, Joseph, Louis Lagrange, Sean Waugh Organizations: Service, Business, The Washington Post, NOAA, Tornadoes, NWS, FEMA, NASA, Federal Emergency Management Agency, National Aeronautics and Space Administration, Oceanic, Atmospheric Administration, National Weather Service, Library, Laboratory Locations: Elkhart , Indiana, Oklahoma, It's, Norman , Oklahoma, Kansas, Kansas , Nebraska , Oklahoma, Texas, Alabama , Arkansas , Kentucky, Louisiana , Mississippi, Tennessee
Richard Branson's "most notable failure" taught him an important lesson: There's value in always seeing yourself as an underdog, the billionaire entrepreneur recently told TED's "Work Life with Adam Grant" podcast. He learned from one such experiment that "backfired horribly," he told Grant: Virgin Cola, a soda that Branson's Virgin Group launched in 1994. After some success in the U.K., the company decided to expand its presence to the U.S. and challenge Coca-Cola and Pepsi, Branson told NPR in 2017. Then, Virgin Cola began disappearing from store shelves, Branson told NPR. Virgin Cola quietly shuttered years later, when Branson realized the drink was only No.
Persons: Richard Branson's, TED's, Adam Grant, Grant, Branson, We've Organizations: Virgin Cola, Virgin Group, Pepsi, NPR, Virgin Cola's, Virgin, . Virgin Group, CNBC, University of Pennsylvania's Wharton School Locations: Virgin Cola's U.S, Coke, Bangladesh
Read previewThe Greater Memphis Chamber publicly announced last month that Elon Musk would build xAI's "gigafactory of compute" in the Tennessee city. The planned facility is set to house what Musk intends to be the world's most powerful supercomputer, set to power xAI's chatbot, Grok. AdvertisementOne council member, Pearl Walker, told Forbes that the development caused "hysteria" among Memphis locals. In an open letter shared on X, a group of three Memphis environmental groups also expressed concerns about the factory's impact on the local power supply. Memphis Light, Gas, and Water is trying to prevent the factory from affecting the local power grid, the outlet added.
Persons: , Elon, Musk, Pearl Walker, Forbes, Walker, xAI, Bernstein, Goldman Sachs, haven't, Ted Townsend, Musk's Organizations: Service, Memphis Chamber, Business, Economic, Tennessee Valley Authority, Memphis City, Forbes, Memphis, The Washington Post, Bernstein Research, Meta, Greater, Greater Memphis Chamber Locations: Memphis, Tennessee, Shelby, Iowa, The, Greater Memphis
The Myth of Migrant Crime
  + stars: | 2024-07-18 | by ( German Lopez | ) www.nytimes.com   time to read: +1 min
Throughout the first three days of the Republican National Convention, officials have highlighted a surge in what they call “migrant crime.” President Biden “has welcomed into our country rapists, murderers, even terrorists, and the price that we have paid has been deadly,” Gov. The day before, Senator Ted Cruz of Texas said, “Every day, Americans are dying” in crimes committed by migrants. But there is no migrant crime surge. In fact, U.S. rates of crime and immigration have moved in opposite directions in recent years. And after illegal immigration spiked in 2021 and 2022, murders plateaued and then fell.
Persons: , Biden “, Greg Abbott, Texas, Ted Cruz of, Donald Trump, plateaued, Ashley Wu Organizations: Republican National Convention Locations: Ted Cruz of Texas, U.S
He's also continued to stretch himself as an actor, tackling roles like hedonist writer Hank Moody in "Californication" and Method actor Ryan Glenn in HBO's "The Sympathizer." On how 'The X-Files' became his acting schoolDavid Duchovny and Gillian Anderson as Mulder and Scully on "The X Files." On directing Robin Williams and playing the straight man in 'Zoolander'Duchovny with Robin Williams at the "House of D" premiere. HBOThis year, you starred in "The Sympathizer" as Ryan Glenn who, respectfully, is an absolute maniac Method actor. I don't think it's something anybody ever taught.
Persons: David Duchovny, Fox Mulder, Duchovny, Chris Carter, He's, Robin Williams, Frank Langella, Bucky, cking Dent, Hank Moody, Ryan Glenn, Gillian Anderson, Mulder, Scully, It's, hasn't, I'm, Zoolander, Robin, Téa Leoni, Badu, Anton Yelchin, Robin hadn't, Ben Stiller, Gene Hackman, Natascha, I've, we're, it's, that's, That'd, Strasberg, you've, Marty, Ted, Logan Marshall, Green Organizations: FBI, Business, Fox, New York Daily, Paramount, Showtime, HBO Locations: HBO's, Santa Monica, Hollywood
Giuliani only appears to have a portion of that amount in his personal bank account, which keeps being depleted to pay other bills, Wednesday’s federal court proceedings in White Plains, New York, revealed. Giuliani has been slow to disclose what cash he has on hand in liquid accounts, and hasn’t been fully transparent, the judge has found. Last Friday, Giuliani’s bankruptcy protection ended, and creditors such as the 2020 election workers Ruby Freeman and Shaye Moss ​are now able to pursue his $10 million net worth. He told Giuliani’s lawyers they had until Thursday at “high noon; that’s appropriately theatrical” ​to notify the court of a plan for Giuliani to resolve his bills. “If your client persists in this course of action, there are a lot of bad things that can happen,” Lane told Giuliani’s attorneys on Wednesday.
Persons: CNN — Rudy Giuliani, Giuliani, hasn’t, Rachel Strickland, , ” Strickland, Ruby Freeman, Shaye Moss, Moss, Freeman, , , Sean Lane, Lane, ” Lane, Heath Berger, Gary Fischoff, Donald Trump, CNN’s Kaitlan Collins, Ted Goodman, Giuliani “, Goodman, ” Trump Organizations: CNN, Republican National Convention, New, Amazon, Apple, Giuliani, Milwaukee, GOP, New York’s LaGuardia Locations: White Plains , New York, Georgia, New York City, York, Florida, Milwaukee, New York, Palm Beach , Florida, New
Morgan Stanley to report second-quarter earnings
  + stars: | 2024-07-16 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
In this articleTed Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Morgan Stanley is set to report second-quarter earnings before the opening bell Tuesday. The bank's massive wealth management business will be helped by high stock market values, which inflates the management fees the bank collects. On top of that, investment banking activity has picked up after a dismal 2023, which should provide a tailwind to the bank. Last week, JPMorgan Chase, Wells Fargo and Citigroup each topped expectations for revenue and profit, a streak continued by Goldman Sachs on Monday, helped by a rebound in Wall Street activity.
Persons: Ted Pick, Morgan Stanley, StreetAccount Morgan Stanley, Wells, Goldman Sachs Organizations: Bloomberg Television, LSEG Revenue, Wealth, Investment, JPMorgan Chase, Citigroup Locations: New York, Wells Fargo
Read previewWhen Morgan Stanley reported earnings on Tuesday, it wasn't the first bank to make hay over the coming "investment-banking rebound." Top executives up and down across Wall Street have been talking for days about their predictions that Wall Street's bread-and-butter business of advising and financing deals could soon come roaring back. And the parade of optimism has only heated up this year as investment-banking revenues have started the slow climb from historical lows. AdvertisementIB revenues surgingLike many of the other Wall Street banks that reported earnings in recent days, Morgan Stanley saw investment-banking revenues soar in the second quarter. And as Pick said on Tuesday, Wall Street is getting excited about more than just traditional dealmaking, but also the financing and other hedging strategies that come with companies getting off the sidelines.
Persons: , Morgan Stanley, Mike Mayo, Mayo, Morgan, Ted Pick, Pick, Goldman Sachs, Goldman, Solomon, Chase, It's, It'd Organizations: Service, Wells, Wells Fargo Securities, Business, Wall, Reserve, quicken, Goldman, Bank of America Locations: Wells Fargo, issuances, Mayo
CNN —In 2018, Jonathan and Trista Schmier felt the economy was so strong that they could take a big risk. “The customers got very, very upset.”Trista and Jonathan Schmier felt confident enough about the economy during the Trump administration to open a small chain of restaurants. Poll after poll show that voters have more faith in Trump’s ability to handle the economy than President Joe Biden’s. By many measures, however, the economy under Biden — who took office while the pandemic was still underway — has also been strong. “I trust the other guy better,” said Southworth, 74, referring to Trump, whom he voted for in 2016 and 2020.
Persons: Jonathan, Trista Schmier, Angus, , Jonathan Schmier, ” Trista, Trump, Andrew Craft, Donald Trump, Joe Biden’s, Biden, Carroll Doherty, Doherty, Trump’s, Barack Obama, Biden —, , Bernard Yaros, ’ paychecks, Jimmy Carter, ” Yaros, Yaros, Ted Southworth, Ted, Rebecca Southworth, Ted Southworth Southworth, Southworth, Becky Cantrell, Cantrell Organizations: CNN, Fayetteville Observer, USA, Pew Research Center, Biden, Black Americans, Census Bureau, Oxford Economics, Trump Locations: Burger, Fayetteville , North Carolina, Burlington , North Carolina, , Florida
The average side hustler is bringing in $891 per month. That's up from $810 per month in 2023, or a 10% increase altogether, says Ted Rossman, senior industry analyst at Bankrate. That's followed by 44% of millennials, 33% of Gen Xers and 23% of Baby Boomers. That's followed by Gen Zers, who are bringing in $958 per month, Gen Xers, who are bringing in $751 per month, and Baby Boomers, who are bringing in $561. It's a small monthly hike, but high earning hustlers are still skewing the average much higher.
Persons: Ted Rossman, Zers, That's, Gen Xers, Gen Zers Organizations: Baby Boomers, Boomers Locations: U.S
Total: 25