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Amid a presidential loss and hand-wringing over the wreckage, congressional gains for Democrats in New York state are one of the small bright spots shining out from the party’s bleak results. The Democratic Party lost five competitive House races in this blue state two years ago — the exact margin by which they lost the House majority. One key ingredient isn’t available everywhere: Democrats redrew the state political maps early this year, though that move gave some Democrats heartburn at the time. In the aftermath of 2022, three top New York Democrats — Gov. Internal polling from the House GOP campaign arm across the seven competitive House districts showed Harris trailing Biden’s margins – and even giving Trump an edge.

Persons: Kamala Harris underperformed, Joe Biden, heartburn, Hochul, Harris, Josh Riley, It’s, they’re, Biden, ” Riley, “ We’ve, ” It’s, Kathy Hochul, Sen, Kirsten Gillibrand, Hakeem Jeffries —, Coke, Syracuse University —, —, “, ”, you’d, aren’t Organizations: Democratic Party, redrew, Democratic, ”, NBC, Congressional, Democrats, New York Democrats — Gov, NBC News, Syracuse University, Pepsi, Republicans, Republican, stoke, GOP, Trump Locations: New York, Riley’s, “, York, Wisconsin, New York City

☆ Fed cuts rates again, but Trump's tariff plan sparks inflation fears and market uncertainty
▼ + stars: | 2024-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the Fed cutting interest rates yesterday was never really in doubt . Additional rate cuts aren't as clear, though, as Donald Trump's proposed widespread tariffs could slow down the Fed's plans . The market is indicating inflation could lead the Fed to keep borrowing rates high. AdvertisementGreg McBride, chief financial analyst at Bankrate.com, told Insider Today that Fed Chair Jerome Powell didn't indicate a pause in cuts was coming in December during Thursday's press conference.

Persons: —, MANDEL NGAN, Chelsea Jia Feng, Donald Trump's, Paul Krugman, It's, Chip Somodevilla, Greg McBride, Jerome Powell didn't, Powell, McBride, There's, Dominique Lapointe, Lapointe, Trump, ANGELA WEISS, Morningstar, Trump's, Dave Sekera, Goldman execs, Goldman Sachs, David Solomon, Donald Trump, Jenny Chang, Rodriguez, Elon Musk, David Zaslav, Zaslav, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Getty Images, BI, Federal Reserve, Treasury, Fed, Manulife Investment Management, Morningstar, Elon, Trump, Keystone State, Big Tech's, Walmart, Target, Costco, Big Media, Warner Bros, Discovery, Paramount, Sony Locations: AFP, China, Pennsylvania, New York, London

☆ Matthew Lillard's career ground to a halt after 'Scooby-Doo 2' flopped: 'I thought I was never going to work again'
▼ + stars: | 2024-10-31 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

AdvertisementIn the mid-2000s, Matthew Lillard's career had reached new heights. 1 on the call sheet for the next 10 years of movies," Lillard told Business Insider. Lillard recalibrated his career when job offers dried up after 'Scooby-Doo 2'Matthew Lillard as Shaggy in "Scooby-Doo." Warner Bros. EntertainmentBefore "Scooby-Doo," Lillard's career had been a mixed bag. Dimension FilmsAfter finding a niche in horror movies, Lillard is now in something of a renaissance era.

Persons: Matthew Lillard, —, Matthew Lillard's, He'd, I'd, Lillard, Lillard's, He's, John Waters, who's, didn't, Shaggy, Mike Flanagan, Flanagan, Chuck, he's, Stu Macher, Skeet Ulrich, Billy Loomis, William Afton, Emma Tammi, wasn't, Tammi, Stu didn't, it's, I've Organizations: Service, Warner Bros, Business, &, Toronto

☆ 14 simple tricks for becoming a better home cook, according to professional chefs and bakers
▼ + stars: | 2024-10-24 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: +9 min

Invest in an oven thermometerKastel told BI that an oven thermometer is one of his must-have kitchen tools. "If you can master breaking down and roasting a chicken, you can successfully roast a turkey," he told BI. Vezzani Photography/ShutterstockIf you're baking something that involves dough, pay attention to its consistency as you add water or other liquids. AdvertisementBloom told BI that you can use an egg to reduce the odds of this happening. Advertisement"For the best-looking pie slice, you need to let your pie cool completely before slicing," she told BI.

Persons: —, Phil Kastel, Kastel, Chris Shepherd, James Beard, Shepherd, Teresa Shurilla, Shurilla, Rebecca Bloom, Piedaho, shouldn't, Bloom, Charles Brutlag, Read Organizations: Service, Invest, James, James Beard Foundation, University of Hawai'i Maui College Culinary Arts Locations: LA

☆ A contested election that leads to weeks of uncertainty is a risk being overlooked by markets
▼ + stars: | 2024-10-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Investors should beware of a contested US election, BlackRock's Jean Boivin told Bloomberg TV on Thursday. AdvertisementInvestors are dismissing the risk of a disputed US election, BlackRock Investment Institute head Jean Boivin told Bloomberg TV on Thursday. Recent battleground state polling shows a race too close to call with the election less than two weeks away. Other market strategists have echoed in recent weeks Boivin's concern over what an election dispute would mean for markets. Meanwhile, stocks rose during Trump's election dispute in 2020, likely due to signs that the COVID-19 pandemic was ending.

Persons: BlackRock's Jean Boivin, —, Jean Boivin, Boivin, Donald Trump, Kamala Harris, hasn't, Morgan Stanley, Brian Gardner, George W, Bush, Al Gore, Gardner Organizations: Bloomberg, Service, BlackRock Investment Institute, Trump, Republican Locations: Washington

☆ CNBC Daily Open: Don't ignore the risks as a dovish Fed drives markets
▼ + stars: | 2024-10-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Valerie Plesch | Picture Alliance | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Sentiment in markets, it seems, was buoyed by encouraging comments from the Fed. The Fed, in other words, is keeping a close eye on the economy and wants to make sure it maintains its smooth landing. It's as if Stephen Sondheim's musical "Into the woods to get the money," markets are merrily singing.

Persons: Valerie Plesch, Gregory Daco, Goldman Sachs, Stephen Suttmeier, Philip Jefferson reemphasized, we're, Mike Bailey, Stephen Sondheim's, Jeff Cox, Samantha Subin, Sarah Min Organizations: Federal Reserve, Getty, CNBC, Brent, Bank of America, Dow Jones Industrial, Nasdaq, Apple, Micro Computer, Fed, FBB Capital Partners Locations: USA, Washington, Florida, U.S, Israel

☆ Why the ‘Brooks Brothers riot’ of 2000 inspired Trump’s campaign operative in 2020
▼ + stars: | 2024-10-03 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

They were dressed supposedly in clothes from Brooks Brothers rather than whatever people in Miami might have been wearing at the time. Recalling the Brooks Brothers riotIt’s worth focusing in on the Brooks Brothers riot of 2000 and comparing it with the request for a Detroit riot in 2020. Comparisons between what the Trump campaign tried in 2020 and what the George W. Bush campaign did in 2000 are not new. Heye should know, since he was part of the Brooks Brothers riot. “Shouldn’t that remain the standard regardless of who the candidates are?”The outrage modelOthers have a dimmer view of the Brooks Brothers riot.

Persons: Donald Trump, Trump, ”, Jack Smith, Brooks, Eric Seals, Imagn Smith, Trump Smith, Tanya Chutkan, Obama, Smith, George W, Bush, Douglas Heye, Heye, ” Heye, –, Hurricane Helene, “, Julian Zelizer, ” Zelizer, Joan Biskupic, – John Roberts, Brett Kavanaugh, Amy Coney Barrett – Organizations: CNN, Trump, Republican, TCF Center, Detroit Free Press, USA, FBI, Capitol, Brooks, Republicans, Washington Post, Princeton University, GOP, US Locations: Detroit, Washington , DC, Miami, Dade, Florida, Washington, Hurricane, North Carolina, Reading

☆ Stock market today: US indexes edge higher to records as Powell talks up strength of the economy
▼ + stars: | 2024-09-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Powell emphasized the economy's strength and recalibrated interest rate cut expectations. Investors are also eyeing key employment data releases this week for further market direction. All three major indexes moved higher in late trading following Powell's comments about the strength of the US economy. AdvertisementPowell's comments recalibrated interest rate cut expectations in the market. Here's where US indexes stood at the 4 p.m. closing bell on Monday:AdvertisementAside from Fed comments, investors are preparing for a wave of employment data this week.

Persons: Jerome Powell's, Powell, —, Jerome Powell Organizations: Service, Dow, Federal, National Association for Business Economics

☆ LinkedIn's chief product officer explains the change in mindset that led to finding success
▼ + stars: | 2024-09-10 | by ( Jaures Yip | ) 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 previewWhile LinkedIn is the mecca of job search, chief product officer Tomer Cohen said he didn't actually apply for his role at the company before being asked to join. After accumulating a student visa and massive school debt, Cohen co-founded a now-defunct startup called FellowUp, a personalized automated assistant. Cohen said that LinkedIn was exciting and and the opportunity to make an impact — which he had a plan for. Related stories"I don't know if this is a recommendation for everybody, but for me, it's worked really, really well," Cohen said.

Persons: —, Tomer Cohen, didn't, Cohen, Nishar, recalibrated, monetarily, it's Organizations: Service, LinkedIn, Business, VP Locations: Israel

☆ 3 reasons why Truist's CIO says it's time to plow money into the tech sector again despite its worst one-month underperformance in 20 years
▼ + stars: | 2024-08-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The secular megatrend of AI remains strong as Big Tech companies continue to invest billions into developing the technology. Forward earnings estimates for the tech sector are rising to all-time highs, indicating continued optimism. Investor expectations have now become recalibrated after the correction, providing tech stocks with more room to grow, in Lerner's opinion. AdvertisementTruistA cooling macroeconomic environment will also provide a boost to tech stocks as investors flock back to Big Tech, according to Lerner. With the Fed likely to begin cutting rates in September, many of the Big Tech companies are poised to benefit.

Persons: —, Keith Lerner, Lerner, that's, shouldn't, Truist, outperformance, He's Organizations: Service, Business, Semiconductor, Big Tech, Tech, Vanguard Information Technology, VanEck Semiconductor

☆ In Harris, business leaders tired of Biden see a potential friend
▼ + stars: | 2024-07-30 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Some business leaders and wealthy donors are hopeful that Harris will adopt more centrist policies as she outlines her agenda, especially by dialing back Biden-era antitrust crackdowns. “CEOs are wildly excited about Harris,” Jeffrey Sonnenfeld, founder and president of the Yale Chief Executive Leadership Institute, told CNN in a phone interview. Sonnenfeld pointed to confidence that Harris will protect the rule of law and hopes for recalibrated trade, regulatory and tax policies. Meanwhile, Harris, somewhat of an unknown commodity on business policy, hasn’t said much about where she stands. Another key sticking point is energy, where Trump has tried to blame the Biden-Harris administration for periods of high gas prices.

Persons: Kamala Harris, Harris, Biden, ” Jeffrey Sonnenfeld, Sonnenfeld, Lina Khan, Khan’s, hasn’t, “, ”, Greg Valliere, Democratic megadonor Reid Hoffman, Khan, Hoffman, Barry Diller, Diller, It’s, ” Diller, ‘, haven’t, PCCC, Adam Green, Harris –, ” Green, Lina Khan –, ” Sonnenfeld, “ It’s, Douglas Farrar, Donald Trump, Joe Biden, Trump, ” Trump, “ You’re, Lauren Hitt, didn’t Organizations: New, New York CNN, Biden, Big Tech, Democratic, Yale, Leadership, CNN, Federal Trade Commission, Progressives, AGF Investments, Business, Big Oil, Microsoft, FTC, “, Activision, CNBC, IAC, Progressive, Khan, Public Citizen, AFL, NAACP, Harris Administration Locations: New York, North Carolina

☆ Katie Ledecky: The rise of an Olympic great
▼ + stars: | 2024-07-27 | by ( Aimee Lewis | ) edition.cnn.com time to read: +22 min

The teenager who achieved the unthinkableIn the dining hall of London’s Olympic Village, a few hours before her first Olympic final, Ledecky is eating lunch on her own. Katie Ledecky poses on the podium after winning gold in the women's 800m freestyle final at the London 2012 Olympics. Katie Ledecky and her mother Mary Gen Ledecky during the 2023 Golden Goggle Awards on November 19, 2023 in Los Angeles, California. Katie Ledecky swimming to gold in a new world record of 15.25:48 in the women's 1500m freestyle final on August 4, 2015 in Kazan, Russia. Katie Ledecky celebates after she broke the world record to win the women's 800m freestyle final at the Rio 2016 Olympic Games.

Persons: Michael Ledecky, Katie, hasn’t, ”, –, Katie Ledecky, ” Michael Ledecky, Sarah Stier, ” Russell Mark, George, “, that’s, Prince William, Catherine, Rebecca Adlington, Lotte Friis, Little, ” Prince William, Adam Pretty, Adlington, Ledecky, Becky, Michael, musing, Fabrice Coffrini, ’ ”, hadn’t, Al Bello, athletically, Michael Phelps, ” Bruce Gemmell, didn’t, Gemmell, Bruce Gemmell, Joe Scarnici, she’s, Michael Jordan, ” ‘, Mark, ” Gemmell, “ It’s, Mary Gen Ledecky, Kevork Djansezian, David, Mary Gen, Jon, Streeter Lecka, Edward Hagan, Kathleen, Berta, Albert Einstein, Jaromir “ Jerry ” Ledecky, d’état, doesn’t, Yuri Suguiyama, Michael Phelps ’, Andrew Nesty, ominously, ” Ledecky, “ She’s, Rushmore, She’s, Joe Biden, Katie Ledecky celebates, Odd Andersen, Ariarne Titmus, Summer McIntosh, wasn’t, It’s Organizations: CNN, Ivy League, CNN Sport, Antonio, London Aquatics Centre, Briton, Games, Getty, London Games, Olympic, London, Phillips, New York Islanders, Harvard, Stanford, Silver Star, Polytechnic Institute of Brooklyn, Rutgers, Tokyo Olympics, Rio Games, Rio Locations: San Antonio , Texas, Bethesda , Maryland, USA, AFP, Irvine , California, American, Maryland, Los Angeles , California, Harvard, Tokyo, Kazan, Russia, Woolaston , North Dakota, America, Czechoslovakia, New York, eureka, Gainesville , Florida, Paris, Indianapolis

☆ Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
▼ + stars: | 2024-06-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry's heyday in 2020 and 2021. Iana Dimitrova, CEO of embedded finance startup OpenPayd, told CNBC in an interview at the firm's booth that the market has "recalibrated." "Value is now ascribed to businesses that manage to prove there is a solid use case, solid business model," Dimitrova told CNBC. In 2021, global fintech funding reached an all-time peak of $238.9 billion, according to KPMG. Nanu added that the trend mimics the "craziness" fintech saw in terms of frothy valuations in 2020 and 2021.

Persons: Long, Dimitrova, Horacio Villalobos, Revolut, Prajit Nanu, fintech, Nanu, OpenPayd's Dimitrova, OpenPayd, Crypto, Andrea Pirlo, Fintech execs, they're, James Black, IVP, We've, Black, Charles McManus, Chris Ratcliffe Organizations: Bloomberg, Getty, AMSTERDAM, CNBC, RAI, KPMG, Companies, U.S ., ClearBank, Global Summit Locations: Amsterdam, Lisbon, Portugal, fintech, Italian, stablecoins

☆ Europe's climate ambitions thrown into doubt as Green vote collapses
▼ + stars: | 2024-06-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.

Persons: Emmanuel Macron, —, we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin

☆ Gabby Douglas ended her bid to return to the Olympics. She’s still a champion in my eyes
▼ + stars: | 2024-06-01 | by ( Opinion Onnie Willis Rogers | ) edition.cnn.com time to read: +11 min

Her painful backstory was a good part of the reason why I, like many other gymnastics fans, pulled hard for Gabby Douglas when she announced her return to elite gymnastics. Had she made the team, Douglas would have been the oldest American woman to compete in gymnastics at the Olympics since 1952. Ross, a teammate of Douglas’ in London, was the youngest member of the “Fierce Five” that won team gold at that Olympics. And if she can’t make the national championships, she can’t make the US Olympic team. Dominique Moceanu, the diminutive, dynamic athlete on the “Magnificent Seven” 1996 Olympic gymnastics team, paralleled Douglas’ journey in some ways.

Persons: Onnie Willis Rogers, CNN —, Gabby Douglas, Onnie Willis Rogers Rogers, Douglas, Gabby, Alexandra Raisman, Madison Kocian, Lauren Hernandez, Simone Biles, David Ramos, Douglas ’, —, It’s, Kyla Ross, Ross, Bela Karolyi, Ronald Martinez, Karolyi, calculatingly, Martha, Larry Nassar, Nassar, Dominique Moceanu, Moceanu, ” Moceanu, Douglas soldiered, ”, Simone Biles —, won’t Organizations: UCLA, Northwestern University, CNN, London Olympics, Olympic, Getty, US Olympic, Bela, USA Gymnastics, Twitter, Facebook Locations: London, Rio de Janeiro, US, Fort Worth , Texas, Romanian, Texas, Rio ., Paris

☆ Fender benders mean serious high-tech repairs now
▼ + stars: | 2024-05-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Virtually every new vehicle sold in the last few years has sensors and cameras, including radar and sonar, throughout the body of the vehicle. These have made the repair process more complex because, unlike a smashed fender, a sensor or camera can’t just be bolted or welded back on. Some of these systems can cut crash rates in half, said Greg Brannon, director of automotive engineering at AAA. In a crash, these sensors and cameras can be damaged or just knocked out of alignment. Claim adjustors, who often come from the collision repair industry themselves, need to understand all the nuances involved in repairing these automated systems and sensors.

Persons: It’s, ”, Todd Dillender, Greg Brannon, “ They’re, Brannon, “, Hami Ebrahimi, ” Ebrahimi, Ebrahimi, That’s, Dillender, adjuster, Mike Bunda, We’ve Organizations: CNN, Auto, AAA, Systems Locations: United States, Chicago, Seattle, New York

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, IBM, UPS, Five Below, Amazon, TJX Companies and more
▼ + stars: | 2024-04-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Evercore ISI reiterates Nvidia as outperform Evercore ISI said investors should use any weakness in the stock to buy the dip. HSBC upgrades UPS to buy from hold HSBC said UPS is "getting back to earnings growth" following the company's earnings report. Bank of America downgrades Deckers to neutral from buy Bank of America said it sees a better risk/reward elsewhere in the firm's coverage. Bank of America reiterates IBM as buy Bank of America said it is sticking with its buy rating following earnings on Wednesday. Deutsche Bank reiterates Tesla as hold Deutsche Bank raised its price target on the stock to $136 per share from $123.

Persons: Sherwin, Williams, Bernstein, Goldman Sachs, Wells, Wells Fargo, Morgan Stanley, Ford, Needham, D.A, Davidson, ServiceNow, Tesla Organizations: Motors, GM, Nvidia, ISI, AMD, JPMorgan, Monster Beverage, Beverage, AMC, HSBC, UPS, USPS, Companies, UBS, UDR, Amazon, AWS, Bank of America, Meta, Laboratories, Manhattan Associates, IBM, Deutsche Bank Locations: 2Q24, Dearborn, Manhattan

☆ A rate cut in June is still on tap because the job market is weakening, Citi economist says
▼ + stars: | 2024-04-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

It's still likely the Fed will issue its first rate cut this June, Citi economist Veronica Clark said. That's because central bankers will need to support a weakening labor market, Clark told Yahoo Finance. AdvertisementThe Federal Reserve is still likely to cut rates in June in order to prop up the labor market amid a slowdown in hiring, according to Citi economist Veronica Clark. "We have a base case for June still," Clark said of rate cuts, though she noted a July Fed rate cut was also possible. Markets are now pricing in just one or two cuts by December, according to the CME FedWatch tool, down from as many as seven rate cuts projected at the start of 2024.

Persons: It's, Veronica Clark, Clark, —, That's, Powell Organizations: Citi, Yahoo Finance, Service, Bureau of Labor Statistics — Locations: Central

☆ Americans’ attitudes toward the economy hold steady despite disappointing inflation reports
▼ + stars: | 2024-04-12 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington CNN —Americans haven’t felt any better about the economy these past few months, but they haven’t felt any worse either. The Federal Reserve cares whether or not Americans have faith that inflation will eventually return to levels they’re used to. Consumer prices were 3.5% higher in March from a year earlier, a much bigger increase than February’s 3.2% and above what economists were forecasting. On a monthly basis, consumer prices rose 0.4%, also above expectations. The economy is coming into focusEveryday Americans, on the other hand, haven’t fretted about progress on inflation potentially stalling.

Persons: haven’t, ”, Joanne Hsu, ” Oren Klachkin, Stocks, Goldman Sachs, “, ” Goldman Sachs’s, Jan Hatzius, they’re, Joe Biden, Biden, Donald Trump Organizations: Washington CNN, University of Michigan’s, Consumers, Nationwide, CPI, Bank of America, CNN Locations: Pennsylvania, Scranton , Pennsylvania

☆ BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
▼ + stars: | 2024-04-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

(Photo by Sean Gallup/Getty Images)BlackRock CEO Larry Fink predicted Friday that the Federal Reserve likely will still cut interest rates this year but won't meet its inflation target. A report earlier this week showed inflation running at a 3.5% annual rate. Still, Fink expects the Fed to do some reductions this year while it may have to concede that inflation will remain elevated. "Inflation has moderated and we've always said inflation is going to moderate. Fink spoke the same day BlackRock reported quarterly earnings that topped Wall Street expectations both for profit and revenue.

Persons: Larry Fink, Sean Gallup, it's, Fink, we're, " Fink, we've Organizations: UNITED, Expo City, United Arab Emirates, Getty, Federal Reserve, Fed, Federal, BlackRock Locations: DUBAI, EMIRATES, Expo City Dubai, Dubai, United Arab

☆ Morgan Stanley tumbles, GE Healthcare climbs — what's driving Thursday's major portfolio stock moves
▼ + stars: | 2024-04-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Stocks, Banks, JPMorgan Chase, Jamie Dimon, Morgan Stanley, Bausch, Jim, Jim Cramer's Organizations: CNBC, Club, Citigroup, JPMorgan, Securities and Exchange Commission, U.S, Appeals, Federal Circuit, Health, Jefferies, Xifaxan, Bausch Health, Costco, GE Healthcare, Mizuho, Broadcom, Apple, Nvidia, Jim Cramer's Charitable Locations: Wells Fargo, BlackRock

Some Nevada Republicans say the story demonstrates Brown’s deeper understanding of the complexities of reproductive healthcare in a state where voters guaranteed the right to abortion through a referendum. They also hope it illuminates a gray area that many Republican women feel extends beyond “yes” or “no” answers on abortion rights. She said Nevada Republicans have no desire to overturn the state’s existing protections, unlike in Republican-led states like Texas and South Carolina. She also hopes the Browns’ announcement helps move abortion access, largely a winning issue for Democrats, “off the table” in the Senate race. When left to the states, women in Texas facing the same circumstances today would not have the options his wife had in the state in 2008.

Persons: —, Sam Brown's, “, ”, Pauline Ng Lee, Brown, Amy, Roe, Wade, Sam Brown, Democratic Sen, Jacky Rosen, Adam Laxalt, “ Amy, ” Rebecca Gill, Brown's, ” Gill, ” Lindsey Harmon, Democrat Rosen, doesn't, Brett Kavanaugh’s, Amy Brown’s, Republican Assemblywoman Danielle Gallant, She’s, Gallant, Amy Brown, Rosen, Adriana Gomez Licon, ____ Stern, Stern Organizations: —, Republican U.S, Republicans, GOP, Browns, U.S . Senate, Republican, Nevada Republican Club, Nevada Republicans, Senate, NBC News, Supreme, Democratic, Texas, Texas Legislature, NBC, Nevada, Associated Press, Army, University of Nevada, Parenthood, Democrat, America Statehouse News Initiative, America Locations: RENO, Nev, In Nevada, Nevada, Texas, South Carolina, Nevada's, In Texas, U.S, Afghanistan, San Antonio, Las Vegas, Parenthood Nevada, Carson City, Miami

☆ The cybercrime underworld has removed all the guardrails on the AI frontier, but the good guys are catching them there
▼ + stars: | 2024-03-11 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

More than half (55%) of all brand impersonation instances consisted of organizations' own brands in 2023, according to the Perception Point report. Tal Zamir, chief technology officer at Perception Point, discussed how criminals can now create polymorphic malware (or malware with many variations) at scale using AI and automation. Plus, they can defend against a wider swath of problems by feeding data into their existing models or generating new data sets using AI. Still, Grobman compares AI detection to weather forecasting, saying "When you're working in the world of AI, things are a lot less deterministic." Just as legitimate businesses are looking to AI to be more productive and more effective, so too are cybercriminals.

Persons: Taylor Swift, Steve Grobman, Tal Zamir, Zamir, Grobman, Kiri Addison, Addison, McAfee, recalibrated Organizations: Hong, McAfee, Google Locations: Hong Kong, deepfakes

☆ DEI Programs Are Under Attack. Here Is How to Fix Them, Chief Diversity Officer.
▼ + stars: | 2024-02-27 | by ( Steve Pemberton | ) www.businessinsider.com time to read: +13 min

In 2007, I became Monster.com's first chief diversity officer, then Walgreens' in 2012. Most recently I served as chief human-resources officer at Workhuman. When done right, DEI programs not only give companies a competitive edge but also can be the very means of mending a broken America. Unsurprisingly, the role of chief diversity officer became more popular during this time as CEOs and boards recognized that they needed a dedicated team with resources to prevent similar class-action settlements and public-relations disasters. Prior to serving as chief people officer for Workhuman, he was chief diversity officer for Walgreens and Monster.com.

Persons: unschooled, Monster.com's, meritocracy, Kennedy, Johnson, Nixon, ERGs, Charles Walgreen, Jim Crow, Rep, Robert B, Elliott of, Steve Pemberton Organizations: Walgreens, Revelio Labs, America, Commission, Texaco, Denny's, Nextel, Harvard, The Lighthouse Academy Locations: America, Elliott of South Carolina

☆ Critics are hailing FX's 'Shōgun' as the next 'Game of Thrones'
▼ + stars: | 2024-02-27 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

"Shōgun," created by Rachel Kondo and Justin Marks, takes place at the turn of the 17th century in Japan. Hiroyuki Sanada as Yoshii Toranaga in the series premiere of "Shōgun." The Washington Post's Lili Loofbourow wrote that "Shōgun" will draw comparisons to "Game of Thrones" because it has a "proven combination of gorgeous set pieces, moral ambiguity, cliffhangers (literally, in one case!) According to critics, however, FX's "Shōgun" more effectively shifts the focus to the story's cast of Japanese characters. AdvertisementReviews praised Hiroyuki Sanada's performance as Toranaga YoshiiHiroyuki Sanada as Yoshii Toranaga in "Shōgun."

Persons: —, James Clavell's, Rachel Kondo, Justin Marks, John Blackthorne, Yoshii Toranaga, Hiroyuki Sanada, Katie Yu, Alan Sepinwall, Nick Hilton, Lili Loofbourow, Loofbourow, Cosmo Jarvis, Anna Sawai, Time's Judy Berman, Mike Hale, Toda Mariko, IGN's Samantha Nelson, Sanada, Hiroyuki Sanada's, Yoshii Hiroyuki Sanada, Stone's Sepinwall, Today's Kelly Lawler, IGN's Nelson, Toranaga, Critics, IndieWire's Ben Travers, Travers, Rebecca Nicholson, Yuka Kouri, Kurt Iswarienko, Variety's Alison Herman, showrunners Marks, Jonathan van Tulleken, Helen Jarvis, Carlos Rosario Organizations: Service, Hulu, Disney, Taiko, Regents, Business, Thrones, FX, New York Times Locations: United Kingdom, Japan, Kanto, Washington, Osaka, Hulu

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