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☆ Jon Stewart’s show on Apple is over because of disagreements about China
▼ + stars: | 2023-10-20 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

Stewart informed staff Thursday that he and Apple executives agreed to part ways, according to multiple show staff members with whom Stewart discussed the matter. China worriesChina represents nearly a fifth of Apple’s sales and is the company’s fastest-growing region by far. Apple’s sales in China increased 8% between April and June (the most recent quarter for which Apple has reported its financial statement), while sales fell 6% in the Americas region during that same period. So a potentially critical look at China on Stewart’s show, streamed by Apple, may not have sat well with the consumers and officials Cook is hoping will help boost Apple’s bottom line in the region. But in its most recent season, Stewart started capturing more attention for his show, particularly in clips online, some of which went viral.

Persons: New York CNN —, Jon Stewart ”, Stewart, Tim Cook, Cook, John Oliver’s “, Tim Geithner, Gary Gensler, Nathan Dahm Organizations: New, New York CNN, Apple, The New York Times, Research, HBO, Warner Bros ., SEC, Oklahoma Locations: New York, China, Israel, Americas

☆ This is the calamity Washington is trying to avoid with a debt ceiling deal
▼ + stars: | 2023-05-28 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

New York CNN —At long last, the White House and House Republicans have reached a tentative agreement to raise the debt ceiling. Every day that passes without a bill to raise the debt ceiling, the probability of the United States reaching the critical date that it can no longer meet its financial obligations steadily grows. Absent a bill passed by Congress and signed by Biden, Treasury will likely do everything in its power to avoid a debt default. In contrast to debt payments, government payments like Social Security or federal worker salaries aren’t considered debt instruments, so they are less likely to come into play when the agencies rate the United States’ debt. Though prioritizing debt payments might stave off an even-greater economic collapse, the United States may not emerge unscathed.

Under his leadership, Morgan Stanley became a wealth management powerhouse that aims to manage $10 trillion in assets. Morgan Stanley bought money manager Eaton Vance, online broker E*Trade, and stock-plan manager Solium Capital under Gorman's leadership. He was also the key architect behind Morgan Stanley's purchase of Smith Barney, a brokerage and investment adviser, in 2009. The acquisitions have made Morgan Stanley's U.S. wealth business an "asset gathering monster," and a "killer machine," he said on an earnings conference call last month. "This structure will ensure the continued stability of Morgan Stanley, while at the same time positioning it for a decade of exciting growth under new leadership."

☆ BlackRock Communications Specialists Exit As Fink Scrutiny Mounts
▼ + stars: | 2023-03-29 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +7 min

At least nine people have left or are transitioning out of BlackRock's communications group. The corporate communications team has some 90 employees globally, up from 48 in 2019, a BlackRock spokesperson said. "We're fortunate the BlackRock communications team includes some of the most talented professionals in the industry and that we have continued to attract top talent as the team has grown in recent years," Badenhausen said in a statement to Insider. Jonathan Posen, a veteran speechwriter who worked as former Treasury Secretary Tim Geithner's chief writer on the financial crisis and other economic matters, joined BlackRock's communications group in 2013. The criticism reached new heights in 2022 as Republican state officials coordinated attacks on Fink and BlackRock and some pulled their investments.

☆ U.S. Treasury's Yellen 'practiced and practiced' her signature for U.S. bills
▼ + stars: | 2022-12-01 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

[1/2] U.S. Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the U.S. Treasury Department in Washington, U.S. July 28, 2022. REUTERS/Jonathan Ernst/File PhotoNEW YORK, Dec 1 (Reuters) - U.S. Treasury Secretary Janet Yellen said she "practiced and practiced" writing the signature that will soon adorn U.S. dollars in order to avoid the illegible scrawls of her predecessors Tim Geithner and Jack Lew. "I knew this was something you could really screw up and I wanted to get it right, and I practiced and I practiced," Yellen told CBS's late-night comedian Stephen Colbert on Wednesday. "I am going to see the first sheets of currency that have been printed with both of our names," Yellen said. Dollar notes have been printed since Yellen took office in early 2021 with former Treasury Secretary Steven Mnuchin's signature on them.

☆ Yellen to Colbert: ‘I practiced and I practiced’ signature for US currency
▼ + stars: | 2022-12-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Minneapolis CNN Business —Sheets of dollar bills rolling off the presses at the Fort Worth Bureau of Engraving and Printing will soon bear the signature of US Treasury Secretary Janet Yellen. “And I practiced, and I practiced.”In her first time as a guest on the late-night talk show, Yellen chatted inflation, economic uncertainty and the chicken scratch of the Treasury Secretaries who came before her. Treasury Secretary Janet Yellen talks on November 30 with Stephen Colbert, host of the "Late Show with Stephen Colbert," about her signature that will appear on US bills. It’s been tradition for more than a century that both the US treasurer and the Treasury secretary sign currency to make them legal tender. Beyond the banter about handwriting, Yellen earlier in the conversation discussed inflation and fielded questions about whether a recession is imminent.

☆ Why the Fed may finally loosen its grip
▼ + stars: | 2022-12-01 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The Fed should be pleased that its aggressive rate hikes in the past few months are having their desired effect, and they can ease up a bit. After four giant three-quarter-point hikes in a row, all signs point to Fed Chair Jay Powell announcing a half-point bump later this month. BIG PICTUREIt’s taken most of the year, but the economy appears to have made it over the mountain of inflation and aggressive rate hikes, according to Peter Boockvar, chief investment officer at Bleakley Financial Group. But while 200,000 is nothing to sniff at, it’s still not soft enough for the Fed to pause its rate hikes. However, markets may cheer the fact that it’s low enough for the Fed to hike at a less aggressive pace than we’ve seen in recent months.

☆ Inside BlackRock's powerful consulting arm that's made the most influential money manager an advisor to world powers
▼ + stars: | 2021-06-07 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +21 min

One of the reporters noted that Powell's public calendar showed calls with Larry Fink, BlackRock's chief executive, in March, April, and May. The exchange was hardly the first time no-bid contracts between the Fed and BlackRock's Financial Markets Advisory unit raised questions. Still, former employees told Insider that FMA has served as a clear source of public-facing clout for BlackRock. "The FMA clients have extended their advisory relationships to be multiyear." A little over a year ago, FMA pulled employees out of BlackRock's office there, three former employees said.

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