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☆ Look inside an abandoned high school turned $3.3 million apartment complex—and 4 more multimillion-dollar dream homes
▼ + stars: | 2024-10-12 | by ( Nicolas Vega Celia Fernandez Jennifer Liu | Nicolas Vega | Celia Fernandez | ) www.cnbc.com time to read: +7 min

An abandoned baseball stadium is now a $14 million luxury apartment complexThe Stadium Lofts has 138 units and Stadium Flats, the four-building complex next door, has 144. "We designed it such that when you walked in, you felt like you were walking into a historic stadium rather than an apartment building," Watson said. They turned an old school into a 31-unit apartment building"Bowtie High" was converted into a 31-unit apartment building. After enlisting real estate investor Adam Colucci and developer Dan Spanovich, the trio bought the abandoned Bowtie High for $100,000. They embarked on an 18-month renovation beginning in 2020 to turn it into an apartment building.

Persons: Michael Potter, Michael Cox, John Watson, Cox, Watson, Alexis Zakis Jesse Wig, Adam Colucci, Dan Spanovich, Katie Tarasov, Joe Sobczak, Sobczak, Peter Bittner, Sheila Consaul's, Consaul, Rubia Daniels Organizations: CNBC, Indianapolis Indians, Sobczak, San Francisco International Airport, San Carlos Airport, SFO, U.S . Air Force, Historic Lighthouse, Washington D.C Locations: Indianapolis, Tuolumne County, Bay, Yosemite, Fairport, Ohio, Lake Erie, Washington, Headlands Beach, Italy

☆ 63-year-old CEO shares the top 3 red flags she sees in employees: ‘No one wants to be in their presence'
▼ + stars: | 2024-07-29 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

McKissack, 63, is the founder and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she launched with $1,000 from her savings in 1990. She churned through employees who weren't the right fit in her company's early years and the business struggled, she says. These three red flags stand out the most when McKissack is hiring employees or evaluating her current talent, she says. People who lack integrityEvery boss needs to be able to trust their employees, McKissack says. "If I don't want to be in their presence, then no one wants to be in their presence, usually" she says.

Persons: McKissack, they're, Heidi K, Gardner, Steve Adcock, Adcock Organizations: Washington D.C, CNBC, Harvard Law School

☆ 63-year-old's business brings in over $25 million a year: How she ditched her most toxic habit
▼ + stars: | 2024-07-24 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

The 63-year-old is the president and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she started with $1,000 of her own savings in 1990. It now brings in more than $25 million per year, according to documents reviewed by CNBC Make It. McKissack credits at least some of that growth to ditching her most toxic habit as a boss: having a short temper. It's a common habit — 52% of professionals say they've lost their temper on the job, according to a 2018 survey from staffing company Accountemps. The coach suggested something simple: Start every meeting with a question, instead of diving right in.

Persons: Deryl, they've, You've, McKissack didn't, McKissack Organizations: Washington D.C, CNBC

☆ Treasury yields tick higher as markets digest comments by Fed officials
▼ + stars: | 2024-07-18 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The yield on the 10-year Treasury was trading around 4.1672% at 2:20 a.m. The yield on the 2-year Treasury was also 2 basis points higher at 4.4524%. U.S. Treasury yields moved higher on Thursday as investors digested a range of comments by Federal Reserve officials and what they could mean for interest rates. It comes as traders increasingly bet on a September interest rate cut by the Federal Reserve, with a reduction in July now seen as highly unlikely. Earlier this week, Federal Reserve Chair Jerome Powell said interest rates would likely be cut before inflation reaches 2%.

Persons: Christopher Waller, John Williams, Thomas Barkin, Jerome Powell, you've, Powell, Dow Jones, —, Jeff Cox Organizations: Treasury, U.S, Federal Reserve, Federal, York Fed, Wall Street Journal, Richmond Fed, Deutsche Bank, Economic, of Washington D.C

☆ Powell: Fed pandemic policies 'will stand up well in history'
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell: Fed pandemic policies 'will stand up well in history'Fed Chair Jerome Powell speaks at the Economic Club of Washington D.C.

Persons: Powell, Jerome Powell Organizations: Economic, of Washington D.C

☆ Powell on inflation: Fed 'overestimated how quickly the economy would return to normal'
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell on inflation: Fed 'overestimated how quickly the economy would return to normal'Fed Chair Jerome Powell speaks at the Economic Club of Washington D.C.

Persons: Powell, Jerome Powell Organizations: Economic, of Washington D.C

☆ Fed Chair Powell: The central bank will not wait until inflation hits 2% to cut interest rates
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell: The central bank will not wait until inflation hits 2% to cut interest ratesFed Chair Jerome Powell speaks at the Economic Club of Washington D.C.

Persons: Powell, Jerome Powell Organizations: Economic, of Washington D.C

☆ Powell's comments were a 'victory lap speech,' says Jeffries' David Zervos
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell's comments were a 'victory lap speech,' says Jeffries' David ZervosDavid Zervos, Jeffries’ chief market strategist, joins CNBC's 'The Exchange' to discuss Fed Chair Jerome Powell's comments at the Economic Club of Washington D.C.

Persons: Jeffries, David Zervos David Zervos, Jerome Powell's Organizations: Economic, of Washington D.C

☆ Powell indicates Fed won't wait until inflation is down to 2% before cutting rates
▼ + stars: | 2024-07-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with "long and variable lags" to explain why the Fed wouldn't wait for its target to be hit. Instead, the central bank is looking for "greater confidence" that inflation will return to the 2% level, Powell said. "What increases that confidence in that is more good inflation data, and lately here we have been getting some of that," he said. Powell said at the top of his appearance that he was not intending to make any signals about when the Fed might start to cut interest rates.

Persons: Jerome Powell, Powell, you've, Powell's Organizations: Economic, of Washington D.C

☆ CEO sold her house, liquidated 401(k) to start a beauty tech company—then she got a 6-figure ‘Shark Tank’ offer
▼ + stars: | 2024-04-09 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Seven years ago, Dawn Myers saw Lori Greiner invest in a woman-owned hair company on ABC's "Shark Tank." She felt inspired, and started her own hair company catering to curls and coils. Today, Myers is the founder and CEO of Washington D.C.-based The Most, a parent company for brands Richualist and The Most Curls. Myers, a lawyer by training, said her lack of beauty, tech and engineering experience made it hard to attract investors. She ultimately raised $1.1 million in venture capital while undergoing surgeries and chemotherapy treatments, a Richualist spokesperson tells CNBC Make It.

Persons: Dawn Myers, Lori Greiner, Myers Organizations: Washington D.C, The, CNBC

☆ What Is the Gaza Strip and Who Lives There
▼ + stars: | 2023-10-09 | by ( ) www.wsj.com time to read: 1 min

What Is the Gaza Strip and Who Lives ThereIsraeli army soldiers positioned with their Merkava tanks near the border with the Gaza Strip in southern Israel. (Jack Guez/Agence France-Presse/Getty Images)The Gaza Strip is a sliver of land bordering Israel and Egypt that is around the size of Washington D.C. with a population about three times the size. It is part of the area that, together with the West Bank, makes up the Palestinian territories. Its population of over two million is largely made up of Palestinians living in one of the most densely packed pieces of land in the world.

Persons: Jack Guez Organizations: Agence France, Washington D.C, West Bank Locations: Gaza, Israel, Egypt, Washington

The Fairport Harbor West Lighthouse is located in Ohio and overlooks Lake Erie. The Fairport Harbor West Lighthouse in Ohio became available at auction and Consaul started bidding in 2009. Since buying the lighthouse, Consaul estimates she has spent over $300,000 renovating it. Other than the extensive work the lighthouse needed, Consaul says her biggest challenge so far is that the lighthouse is completely off the grid. The Fairport Harbor West Lighthouse is located a half mile from the nearest parking lot in Headlands Beach State Park.

Persons: Sheila Consaul's, Peter Bittner, Consaul Organizations: Historic Lighthouse, CNBC, Washington D.C, U.S . Army Corps of Engineers, U.S . Coast Guard, National Weather Service, Ohio, Historic Preservation Locations: Fairport, Ohio, Lake Erie, Lighthouse, Washington, Headlands Beach, Fairport Harbor

☆ Bill Ackman says it'll be a 'huge loss' if JPMorgan boss Jamie Dimon doesn't run for US president
▼ + stars: | 2023-07-06 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

Billionaire investor Bill Ackman once again urged Jamie Dimon to campaign for US President. It would be a 'huge loss' if the JPMorgan boss didn't run for office, he tweeted. "It is a huge loss for us all if Jamie won't run," Ackman tweeted, alongside a video of the 67-year-old speaking at a conference hosted by The Economic Club of Washington D.C. in 2016. This isn't the first time that Ackman, who is the CEO of the hedge fund Pershing Square, backed Dimon as a potential president. Others including famed investor Warren Buffett, former US president Bill Clinton, and real estate developer Ross Perot Jr. have also praised Dimon's leadership qualities and political skills over the past decade.

Persons: Bill Ackman, Jamie Dimon, didn't, Warren Buffet, Bill Clinton, —, Jamie won't, Ackman, Dimon, Carlyle, David Rubenstein, Warren Buffett, Ross Perot Organizations: US, JPMorgan, Service, Privacy, The Economic, of Washington D.C, Ross Perot Jr, Bloomberg Locations: America

☆ Prosecutors say a Jan. 6 defendant targeted Obama's DC home after Trump posted its address on Truth social
▼ + stars: | 2023-07-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Prosecutors say a January 6 defendant began live streaming outside of Obama's purported DC residence before his arrest. Prosecutors say Taranto reshared Obama's purported address from a post by Trump. According to prosecutors, Taylor Taranto reshared Trump's post on his own Truth social account. Trump shared Obama's purported address in a post that republished a 2017 newsletter in the late-conservative Phyllis Schlafly's name about Trump's first 100 days in office. After sharing that Trump post, Taranto then began live streaming as he drove through the wealthy Kalorama neighborhood of Washington D.C.

Persons: Taylor Taranto, Prosecutors, Taranto reshared Obama's, —, Barack Obama's, Donald Trump, Taylor Taranto reshared, Trump, Phyllis Schlafly's, Obamas, Taranto, Obama, John Podesta's, Kevin McCarthy's, Jamie Raskin Organizations: Trump, Service, Taylor Taranto reshared Trump's, White, Washington D.C, Prosecutors, White House, Washington , D.C, Maryland Democrat Locations: Obama's, Taranto, DC, Washington, Kalorama, Pasco, Washington State, Washington ,, Maryland

The index of top European banks (.SX7P) was down 1% in early trading, with German banking giants Deutsche Bank (DBKGn.DE) and Commerzbank (CBKG.DE) both falling 0.8%. The rescue of Credit Suisse, which followed the collapses of California-based Silicon Valley Bank (SVB) (SIVB.O) and New York-based Signature Bank (SBNY.O) ignited broader concerns about investors' exposure to a fragile banking sector. The decision to prioritise shareholders over Additional Tier 1 (AT1) bondholders rattled the $275 billion AT1 bond market and some Credit Suisse AT1 bondholders are seeking legal advice. "The AT1 instruments issued by Credit Suisse contractually provide that they will be completely written down in a 'viability event', in particular if extraordinary government support is granted," FINMA said. However, some watchers think the banking system is more vulnerable to rumour and rapid moves in an era of widespread social media use, posing a challenge for regulators trying to tamp down instability.

March 22 (Reuters) - Citigroup Inc (C.N) CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets. "The banking system is pretty sound," and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday. "This is not a credit crisis. In the past two weeks, two U.S. banks collapsed, Credit Suisse Group AG (CSGN.S) was taken over by Swiss rival UBS Group AG (UBSG.S) and America's biggest banks agreed to deposit $30 billion in another ailing firm, First Republic Bank (FRC.N). Reporting by Lananh Nguyen and Saeed Azhar; Editing by Sandra Maler and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Fedspeak, video games, memesters
▼ + stars: | 2023-02-07 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

But puts first-quarter EBITDA guide at $710 million versus $762 million expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Powell's speech triggered record options bets, topping even the meme stock frenzy
▼ + stars: | 2023-02-07 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

he asked in a note, adding that the previous record amount of call buying activity was in January 2021 just as the meme stock frenzy peaked. Those options were big market bets, like in the SPDR S & P 500 ETF and Invesco QQQ Trust, which represents the Nasdaq 100. SPY 5D line spy Much of the volume was in zero-day to expiration options, which expire on the same day. "The reality is if you bought the stock market in January 2021 and held onto it for any time period, you would be happy." Stock Chart Icon Stock chart icon spyMuch of the volume was in zero-day to expiration options, which expire on the same day.

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

☆ As stocks surge, some chart signals have been looking better despite lingering risks
▼ + stars: | 2023-02-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Fed Chairman Jerome Powell triggered a surge in stocks when he spoke Wednesday , taking the S & P 500 into a new range. Redler expects a near term peak for the S & P 500 could be around 4,200-4,220. The S & P 500 and Nasdaq were both higher Thursday, as the 10-year Treasury yield continued its slide to a low of 3.35%. He's watching the growing number of three-month highs in the Russell 1000 and S & P 600 , which are now outpacing the new highs in the S & P 500. The VIX is based on puts and calls in the S & P 500.

Nov 8 (Reuters) - A U.S. federal court on Tuesday denied requests to temporarily block Albertsons Companies Inc's (ACI.N) $4 billion dividend payment to shareholders before closing of the proposed merger with Kroger Co , but the payout remained blocked due to another court order. The federal court in Washington D.C. denied issuing a restraining order in the case, which was filed by the attorneys general of California, Illinois and Washington D.C and sought to block the payout until antitrust reviews of the proposed merger were completed. The lawsuit filed by attorneys general of Washington D.C., California and Illinois argued the same. Kroger snapped up Albertsons in a $25 billion deal in last month's mega merger between the No. "People living in poverty will suffer most of all—not only because of skyrocketing prices as competition vanishes, but through probable store closures," the groups said, adding the "unusual" $4 billion dividend to shareholders should be investigated.

☆ Democrat Abigail Spanberger wins reelection in bellwether Virginia district, NBC News projects
▼ + stars: | 2022-11-08 | by ( Christina Wilkie | ) www.cnbc.com time to read: +1 min

U.S. Rep. Abigail Spanberger (D-VA) during a press conference with Moore Hallmark, Vice President of the U.S. Chamber of Commerce, and Brian Lam, a local business owner, outside of Collage Spa on November 3, 2022 in Fredericksburg, Virginia. Democratic Rep. Abigail Spanberger has been reelected to the House in Virginia's 7th District, defeating Republican Yesli Vega, NBC News projected. The central Virginia district was widely considered a litmus test for how Democrats might fare in swing districts during an election cycle that historically favors Republicans. The GOP came into Election Day heavily favored to win House control, but Spanberger's swing district was seen as a crucial one for Democrats to hold in order to curb their losses. But redistricting in 2020 shifted Spanberger's district north to the outer suburbs of Washington D.C., where the electorate is 20% Latino and voters are more socially conservative than in her current district.

Nov 3 (Reuters) - Washington's King County court has granted a nationwide temporary restraining order, blocking grocery chain Albertsons Companies Inc's (ACI.N) $4 billion dividend payment, State Attorney General Bob Ferguson tweeted on Thursday. loading"We'll be back in court Nov. 10 seeking an injunction to keep the dividend on hold while our lawsuit continues," Ferguson said in a tweet. Supermarket operator Kroger Co (KR.N) snapped up Albertsons in a $25 billion deal last month, to better compete against U.S. grocery industry leader Walmart Inc on prices. Ferguson filed a lawsuit on Tuesday to block Albertsons from paying dividends to shareholders before closure of its proposed merger with Kroger. The attorneys general of Washington D.C., California and Illinois also filed a lawsuit on Wednesday in a federal court seeking to block the dividend payment alleging that the proposed dividend was in violation of federal and state antitrust laws by rendering Albertsons less able to compete effectively with other supermarkets.

☆ EXCLUSIVE Three attorneys general to file lawsuit blocking Albertsons $4 billion payout- source
▼ + stars: | 2022-11-02 | by ( Siddharth Cavale | Makiko Yamazaki | ) www.reuters.com time to read: 1 min

NEW YORK, Nov 2 (Reuters) - The attorneys general of Washington D.C., California and Illinois will file a lawsuit in a federal court seeking to block grocer Albertsons (ACI.N) $4 billion dividend payout to shareholders on Wednesday, a source familiar with the matter said. Reporting by Siddharth Cavale in New YorkOur Standards: The Thomson Reuters Trust Principles.

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