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☆ Gina Gershon on Her Best Movie Roles: 'Bound,' 'Showgirls,' 'Killer Joe'
▼ + stars: | 2024-07-05 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +15 min

On defying her agents to star in 'Bound' and finding Corky's look in San Francisco lesbian barsJennifer Tilly and Gina Gershon in "Bound." I was hesitant to take on any role coming off of "Showgirls," just because, honestly, I was pretty burnt out. When the script for "Bound" was sent to us, my agents were pretty clear saying, "Listen, you are not doing this movie. On her 'Showgirls' PTSD and why she's come around on the movieGina Gershon in "Showgirls." I'm really into it."

Persons: Gina Gershon, —, It's, Gershon, Louie, who's, she's, Paul Verhoeven's, Corky, Jennifer Tilly's femme, Violet, Jennifer Tilly, Lana, Lilly Wachowski, They've, I've, Susie Bright, Jennifer, Tilly, Susie, couldn't, I'm, Let's, Elizabeth Berkley's, Lili Anolik, Paul, Verhoeven, Chekhov, I'd, That's, you've, she'd, Matthew McConaughey, Joe, Matthew McConaughey's, Tracy Letts, William Friedkin, Billy wasn't, Billy, Matthew, Nicolas Cage, Nicolas, John Woo …, John Woo, Nick Cassavetes, John, Jason Guerrasio, Cate Blanchett, Jamie Lee Curtis, Kevin Hart Organizations: Business, Pride, LD Locations: San Francisco

☆ What the new IRS guidance on crypto tax reporting means for investors
▼ + stars: | 2024-07-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The U.S. Department of the Treasury and IRS on Friday released final tax reporting rules for digital asset brokers — and crypto investors have limited time to prepare, experts say. Mandatory yearly reporting will phase in starting in 2026, with digital currency brokers required to cover gross proceeds from sales in 2025 via Form 1099-DA. In 2027, brokers must include cost basis, or purchase price, for certain digital asset sales for 2026. "These regulations are an important part of the larger effort on high-income individual tax compliance," IRS Commissioner Danny Werfel said in a statement. The new IRS regulations come roughly four months after the agency hired two former crypto executives to improve digital currency service, reporting, compliance and enforcement programs.

Persons: Danny Werfel, Everybody's, James Creech, Baker Tilly Organizations: U.S . Department of, Treasury, IRS, Finance, Taxation, CNBC Locations: U.S

☆ American households have seen their purchasing power increase
▼ + stars: | 2024-06-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

"Real" earnings measure the net growth in workers' wages after inflation. The trend of growth in annual real earnings has persisted since May 2023, according to BLS data. That marks a reversal from April 2021 to April 2023, when inflation spiked and eclipsed growth in the average worker's paycheck. That month, the average worker saw their pay growth spike to about 6% annually. "This is good news for consumers," since it generally equates to an increase in their well-being over time, he added.

Persons: It's, Chris Tilly, Maximiliano Dvorkin, Louis, Dvorkin Organizations: Getty, U.S . Bureau of Labor Statistics, Finance, University of California, Federal Reserve Bank of St, BLS Locations: U.S, Los Angeles

☆ 'Bridgerton' showrunner Jess Brownell breaks down Polin's future, the return of Kanthony, and 'more conflict to come' in part 2
▼ + stars: | 2024-05-17 | by ( Olivia Singh | ) www.businessinsider.com time to read: +13 min

Season three of "Bridgerton" centers on Polin, the ship name of Penelope Featherington (Nicola Coughlan) and Colin Bridgerton (Luke Newton). Nicola Coughlan as Penelope Featherington and Luke Newton as Colin Bridgerton on season three of "Bridgerton." AdvertisementClaudia Jessie as Eloise Bridgerton and Hannah Dodd as Francesca Bridgerton on season three, episode three of "Bridgerton." AdvertisementLuke Thompson as Benedict Bridgerton on season three, episode two of "Bridgerton." "Bridgerton" season three, part one is now streaming on Netflix.

Persons: Penelope Featherington, Nicola Coughlan, Colin Bridgerton, Luke Newton, Colin, Penelope, Whistledown —, Jess Brownell, Coughlan, Newton, Kate, Anthony Bridgerton, Laurence Cendrowicz, Luke Newton's, Erika Okvist, she's, Nicola, Liam Daniel, Penelope's, Mister Bridgerton, Bridgerton, Portia, Luke, There's, there's, Rhimes, they're, Eloise, Whistledown, Claudia Jessie, Eloise Bridgerton, Hannah Dodd, Francesca Bridgerton, Anthony, they'll, Jonathan Bailey, Simone Ashley, Cressida, She's, Benedict, Tilly Arnold, Luke Thompson, Benedict Bridgerton, Charlotte, Lady, Danbury's, Violet, Marcus Anderson, Marcus, she'll, we've, they've Organizations: Service, Netflix, Business, Lady Danbury Locations: Polin, That's, Danbury, Violet

☆ Tax pros brace for ‘tidal wave’ of crypto tax scrutiny from the IRS. What investors need to know
▼ + stars: | 2024-03-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency. The IRS announced it hired two former crypto executives to beef up its digital currency service, reporting, compliance and enforcement programs. "Everybody's been waiting for the tidal wave of this enforcement activity," said James Creech, an attorney and senior manager at accounting firm Baker Tilly. More from Personal Finance:IRS targets wealthy 'non-filers' with new wave of compliance letters4 red flags for an IRS tax audit — and how to avoid the 'audit lottery'IRS aims to close 'inequity gap' for unpaid taxes. These actions will trigger a "significant amount" of crypto enforcement, said Hylton, who is a former IRS commissioner for the agency's small business and self-employed division.

Persons: Everybody's, James Creech, Baker Tilly, Eric Hylton, John Doe, Hylton Organizations: IRS, Finance, Alliantgroup

☆ Hollywood's newest star is the Waymo robotaxi
▼ + stars: | 2024-03-04 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Waymo can now operate its Waymo One service in Los Angeles. AdvertisementWaymo is now approved to operate its driverless vehicles in Los Angeles and additional parts of the Bay Area. Los Angeles Mayor Karen Bass expressed concern about Waymo vehicles blocking the roads when emergency vehicles are trying to pass, which has happened several times in San Francisco. Waymo vehicles have been filmed cutting off road access and blocking public transport and emergency vehicles. There are also a few incidents of Waymo vehicles injuring people.

Persons: —, Waymo, Julia Ilina, Los Angeles Mayor Karen Bass, Ilina, Illina, Tilly Chang, Cruise Organizations: Service, California Public Utilities Commission, Los, San, Los Angeles Mayor, Cruise, San Francisco County Transportation Authority, DMV Locations: Los Angeles, Bay, California, San Francisco, San Mateo, San Francisco Peninsula, San Francisco —, San Francisco County

☆ IRS aims to close 'inequity gap' for unpaid taxes. How the agency targets top earners for audit
▼ + stars: | 2024-02-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

IRS Commissioner Daniel Werfel testifies before the Senate Finance Committee on April 19, 2023. The tax gap, or the difference between taxes owed and paid, was an estimated $688 billion for tax year 2021, the IRS reported in October. Instead, profits flow through to the business owners' tax returns. Other 'red flags' for higher earnersIn addition to complex partnerships, the IRS is watching for other "red flags" from higher earners, according to Hylton. Another area of for increased audits could be estate and gift tax returns, particularly those using "aggressive valuation discounts" for assets, Hylton said.

Persons: Daniel Werfel, Chip Somodevilla, Danny Werfel, Werfel, Eric Hylton, Hylton, Colin Walsh, Baker Tilly, Baker Organizations: Senate, IRS, Alliantgroup Locations: U.S, Hylton, Puerto Rico

☆ Gordon Ramsay welcomes sixth child to his ‘brigade’ with wife Tana Ramsay
▼ + stars: | 2023-11-11 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —Gordon Ramsay is a father for the sixth time with his wife of almost 30 years, Tana Ramsay. The celebrity chef posted a trio of photos from the hospital on his verified Instagram account Saturday, revealing the pair had welcomed a son, Jesse James Ramsay. “What an amazing birthday present,” Ramsay, who turned 57 on November 8, wrote in the caption, adding, “please welcome Jesse James Ramsay, 7lbs 10oz whopper! Ramsay and wife Tana have been married since 1996 and are parents to daughters Tilly, Megan and Holly Anna, and sons Jack Scott and Oscar. When Byron answered, Ramsay said, “Byron!

Persons: CNN — Gordon Ramsay, Tana Ramsay, Jesse James Ramsay, ” Ramsay, 7lbs, Ramsay, ”, …, Tana, Tilly, Megan, Holly Anna, Jack Scott, Oscar, “, Kelly Clarkson, Megan’s, Byron, Clarkson, FaceTime Byron, “ Byron, It’s Organizations: CNN, ” CNN

☆ Stream These 10 Movies Before They Leave Netflix in November
▼ + stars: | 2023-10-30 | by ( Jason Bailey | ) www.nytimes.com time to read: +3 min

‘About Last Night’ (Nov. 30)Stream it here. ‘Arrival’ (Nov. 30)Stream it here. ‘Fences’ (Nov. 30)Stream it here. ‘Hook’ (Nov. 30)Stream it here. ‘Stuart Little’ (Nov. 30)Stream it here.

Persons: Rob Lowe, Demi Moore, David Mamet, Joy Bryant, Michael Ealy, Regina Hall, Kevin Hart, Denis Villeneuve, Ted Chiang’s, Amy Adams, August Wilson —, Troy Maxson, Stephen McKinley Henderson, Viola Davis, Jovan Adepo, Troy, ‘, Steven Spielberg, Robin Williams, Peter Pan, Dustin Hoffman, Captain Hook, Julia Roberts, Tinker Bell, “ Hook, Spielberg, Williams, ‘ Stuart Little ’, White’s, Jonathan Lipnicki, Jerry Maguire ”, Geena Davis, Hugh Laurie —, David Alan Grier, Nathan Lane, Chazz Palminteri, Steve Zahn, Bruno Kirby, Jennifer Tilly, Michael J, Fox Organizations: Regina, Negro Locations: Chicago, Washington, Millennials

☆ Hey, CEOs: Stop dating your employees and trying to cover it up
▼ + stars: | 2023-09-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Workplace relationships can be problematic, creating power imbalances that can blur lines of consent and the appearance of fairness. AdvertisementAdvertisementIf you're a CEO looking to keep your job, we've got some advice for you: Stop dating your employees. The men join a long list of execs whose workplace relationships have upended their careers. But only about one in five workers reported disclosing their workplace relationship to their employer. Some companies have even relaxed their policies over the last decade surrounding workplace relationships, Taylor said.

Persons: Edward Tilly, —, we've, He's, Johnny C, Taylor Jr, Bernard Looney, Jeff Zucker, Zucker, McDonald's, Steve Easterbrook, Easterbrook, Brian Krzanich, Lincoln Center's, Jed Bernstein, Taylor Organizations: Service, HR Management, BP, CNN, SEC, Society, Companies

Cboe declined to say whether those relations happened while Tilly was CEO or prior to his tenure at the helm. His resignation is the latest in a string of high-profile exits by CEOs whose personal conduct ran afoul of company policy. "When he became CEO, he grew that business from a little options exchange to a global, fintech and exchange leader. Cboe has exclusive rights to list flagship contracts linked to the Standard & Poor’s 500 stock index through 2032. "The silver lining is it doesn't look like it is related to strategic or financial issue for the company," Lau said of the CEO resignation.

Persons: Edward Tilly, Piper Sandler, Brendan McDermid, Cboe, Fredric Tomczyk, Tilly, Andrew Bond, Bond, Owen Lau, Lau, Rosenblatt's Bond, Steve Sosnick, Sosnick, Tomczyk, " Lau, Jaiveer Singh, Laura Matthews, Saqib Iqbal Ahmed, Arun Koyyur, Michelle Price, Megan Davies, Bill Berkrot, Nick Zieminski Organizations: CBOE, Inc, Piper Sandler Global Exchange, FinTech Conference, REUTERS, Rosenblatt Securities, Oppenheimer & Co, THE, Interactive, U.S . Securities, Exchange Commission, Thomson Locations: New York City, U.S, Bengaluru, New York, Lincoln

☆ Cboe CEO Edward Tilly Resigns Over Personal Relationships With Colleagues
▼ + stars: | 2023-09-19 | by ( Alexander Osipovich | Dean Seal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/cboe-ceo-edward-tilly-resigns-over-personal-relationships-with-colleagues-a90bfe62

Persons: Dow Jones, edward, tilly, a90bfe62

☆ Cboe CEO Tilly resigns over personal relationships with colleagues
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: 1 min

Cboe Global Markets Chief Executive Officer Edward Tilly has resigned after failing to disclose personal relationships with colleagues, the exchange operator said on Tuesday. Board member Fredric Tomczyk has been named CEO, effective immediately, Cboe said. Tilly, who was Cboe's chief for more than 10 years, resigned following the conclusion of an investigation led by the board and outside independent counsel that was launched in late August, the company said. "The Board of Directors determined that Tilly did not disclose personal relationships with colleagues, which violated Cboe's policies and stands in stark contrast to the company's values," the statement said. Tomczyk, who joined Cboe's board in July 2019, has previously served as CEO of TD Ameritrade Holding Corp.

Persons: Edward Tilly, Fredric Tomczyk, Cboe, Tilly, Tomczyk Organizations: Cboe Global Markets, Ameritrade Holding Corp

☆ U.S. food companies go deal hunting as pandemic growth fades
▼ + stars: | 2023-09-08 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

Last month, Campbell Soup (CPB.N) struck a $2.7 billion deal for Rao's sauce maker Sovos Brands (SOVO.O). Reuters GraphicsReuters Graphics Reuters Graphics"Large food companies need to add more new concepts, new flavor profiles and new food items because their old brands - though still growing - are not growing at a meaningful rate," Milani said. Packaged food companies "are now faced with some difficult comparisons on organic (sales) and are seeking some strategic, category-specific M&A targets that will propel them through the next few years," Henry said. "Most of the large cap packaged food companies have ... diligently reduced their debt and improved their balance sheet (through the pandemic)...so they have the risk capacity and risk appetite to pursue large-scale acquisitions," CFRA Research analyst Arun Sundaram said. "These packaged food companies need to continue finding ways to stay relevant ... And so one of the easiest ways to do that is through M&A."

Persons: Brendan McDermid, Campbell, There's, Michael Milani, Baker Tilly, Milani, Kraft Heinz, Sarah Henry, Henry, Mills, Luca Zaramella, Hershey, J.P, Morgan, Arun Sundaram, Deborah Sophia, Arun Koyyur Organizations: Campbell Soup, New York Stock Exchange, REUTERS, Sovos, Unilever, Mars, Reuters Graphics Reuters, Reuters, Logan Capital Management, PepsiCo, Mondelez, Barclays, Hostess Brands, Thomson Locations: New York, U.S, North America, dealmaking, Bengaluru

The difficulty of this achievement also shows the resilience of the country’s chip technological ability," TechInsights analyst Dan Hutcheson said. EUV refers to extreme ultraviolet lithography and is used to make 7 nm or more advanced chips. LIMITED ACHIEVEMENTThe most advanced chip SMIC had previously been known for making was 14nm, as it was barred by Washington in late 2020 from obtaining an EUV machine from Dutch firm ASML (ASML.AS). But TechInsights last year said it believed SMIC had managed to produce 7 nm chips by tweaking simpler DUV machines it could still purchase freely from ASML. Jefferies analysts reckon Huawei is preparing to ship ten million units of the Mate 60 Pro, though it may struggle to support that quantity with China-made 7 nm chips.

Persons: Gina Raimondo's, chipmaker SMIC, Dan Hutcheson, EUV, Jefferies, TechInsights, SMIC, Tilly Zhang, Dragonomics, Zhang, Doug Fuller, David Kirton, Max Cherney, Brenda Goh, Miyoung Kim, Nick Zieminski Organizations: FRANCISCO, Huawei Technologies, U.S, Huawei, U.S . Commerce, Kirin, HK, U.S . Commerce Department's, of Industry, Security, China, U.S . Department of Commerce, China's State Council, Reuters, Copenhagen Business School, Thomson Locations: SHENZHEN, China, California, Washington, Ottawa, U.S, China's, Netherlands

Eventually, he had his own radio show in Los Angeles, “The Bob Barker Show.”American game show host Bob Barker points to himself on a nearby television screen as his wife Dorothy Jo Barker (1924 - 1981) looks on and laughs, November 4, 1977. Gabi Rona/MPTV/Reuters Barker, right, appears on a 1960 episode of "Bonanza" along with actors Jim Galante, Ken Mayer and Natalie Trundy. CBS/Getty Images Barker and Amanda Jones, who was Miss Illinois, are seen after Jones won the 1973 Miss USA Pageant. David Livingston/Getty Images Barker plays with his pet Mr. Rabbit at his home in Los Angeles in 2011. There hasn’t been a day on set that I didn’t think of Bob Barker and thank him.

Persons: Bob Barker, Roger Neal, Barker, popper, Bill Cullen, Drew Carey, ”, “, ‘, ’ ” Barker, Robert William Barker, ’ ”, “ I’d, Drury, Dorothy Jo Barker, Ralph Edwards, Edwards, wasn’t, – Barker, Barker’s, nimbly, Barker's, Jesse Grant, Gabi Rona, MPTV, Reuters Barker, Jim Galante, Ken Mayer, Natalie Trundy, Dorothy Jo, Tilly, Paul W, Bailey, NBCUniversal, Gerald Smith, Herb Ball, Amanda Jones, Jones, Ron Galella, Lennox McLendon, Dian Parkinson, Janice Pennington —, Parkinson, Jim Smeal, Adam Sandler, Happy Gilmore, Mark Mainz, Robert Hanashiro, Mark Davis, Ingrid Newkirk, David Livingston, Rabbit, Damian Dovarganes, Scott Clifton, Lisette M, Azar, CBS Barker, Monty Brinton, Dorothy Jo Gideon, Gideon, you’ve, Gilmore ’, Carey, ‘ Bob, I’m, ‘ Drew, you’re, Nancy Burnet, Gilmore, ” Sandler, Bob, hasn’t Organizations: CNN, CBS, American Television, Drury College, U.S . Navy, Springfield, NBC, Reuters, DJ, T Foundation, US Naval Reserve, Getty, Miss, Miss USA, MTV, Television Academy Hall of Fame, USA, PETA, “, Los Angeles Times Locations: Mission , South Dakota, Rosebud, Springfield , Missouri, Los Angeles, Miss Illinois, “, ”

☆ Self-driving car company Cruise agreed to reduce its driverless fleet by 50% after a spate of recent crashes. San Francisco officials previously pushed for a slower rollout of robotaxis.
▼ + stars: | 2023-08-20 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

City officials previously told Insider the approval would be "premature." Cruise, a self-driving car company, agreed to slash its driverless taxi operation in San Francisco by half on Friday following reports of two separate crashes involving its vehicles. One Cruise vehicle also drove into wet concrete at a construction site. Another collision occurred that evening, in which another vehicle ran a red light "at a high rate of speed," the company told Insider. Tilly Chang, executive director of the San Francisco County Transportation Authority (SFCTA), previously told Insider that her agency believes approving the permits would be "premature."

Persons: Alphabet's Waymo, Darcie Houck, robotaxis, Cruise, San Francisco, Tilly Chang, Chang, We've, Joe Castiglione, SFCTA's, CPUC, Castiglione Organizations: California Department of Motor Vehicles, DMV, California Public Utilities Commission, CBS, City, San, San Francisco County Transportation Authority Locations: California, San Francisco, San Francisco County, —

☆ Retail bets on zero day options are growing, but they may come at a price
▼ + stars: | 2023-07-22 | by ( Lina Hassen | ) www.cnbc.com time to read: 1 min

It's a sophisticated trading strategy that's becoming more accessible to retail investors. The strategy: Zero days-to-expiration options — which is essentially a one-day bet on the direction of the markets. Zero days-to-expiration options are contracts that expire the same day they're traded. Tilly believes these options are appealing to investors by allowing them to invest at the shortest duration of time left in a contract. "At the end of the trading day, the next result of that trade is settled in cash — not physically delivered like a stock or an ETF," he said.

Persons: Ed Tilly, Tilley, CNBC's, they're, Tilly Organizations: Global

☆ 'Struggling for clarity' in the spot bitcoin ETF pursuit
▼ + stars: | 2023-07-20 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +1 min

As applications for a spot bitcoin exchange-traded fund head to the SEC for review, cryptocurrency experts remain cautious as to whether proposed surveillance-sharing agreements will be the key to the approval process. "We'll keep giving more information to our regulators," Cboe CEO Ed Tilly told CNBC's Bob Pisani on "ETF Edge" on Monday. Cboe has several applications for bitcoin ETFs to list on its exchange, including funds from WisdomTree, VanEck and Ark. This week the Securities and Exchange Commission acknowledged submissions from several firms including VanEck and WisdomTree, with those proposals appearing Wednesday on the Federal Register. "I just think it's a bad ruling, but we'll ultimately see how that plays out," he said.

Persons: Ed Tilly, CNBC's Bob Pisani, Cboe, Tilly, Michael Green, Pisani, Green, we'll Organizations: SEC, Securities and Exchange Commission, VanEck, Federal, of Locations: WisdomTree, Southern, of New York

☆ New zero-day options trend is captivating investors
▼ + stars: | 2023-07-17 | 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 EmailNew zero-day options trend is captivating investorsEd Tilly, CBOE Global Markets CEO, joins 'Halftime Report' to discuss zero days to expiration options contracts, the launch of new ETF options products, and concerns about retail traders making short-term gambles in the market.

Persons: Ed Tilly Organizations: Global

☆ This way to make short-term market bets is gaining popularity, and raising concerns
▼ + stars: | 2023-07-17 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Options trading has exploded in the last few years, and recently a particular type of options trading has become popular with retail and institutional traders alike. Why are they so popular, and what impact might they have on prices in indexes like the S & P 500 and individual stocks? Most people lose money trading options in general. Most people lose money trading options in general, and all this does is allow them to lose money more consistently." The heavy flows have attracted the interest of the ETF industry, which is looking to launch new options trading products soon.

Persons: they're, Cboe, Patrick Moley, Moley, Michael Green, Green, Ed Tilly Organizations: Business, PiperSandler, Apple, Edge

☆ Analysis: Why Walmart's new bet on fashion brands, home decor threatens specialty chains
▼ + stars: | 2023-06-15 | by ( Siddharth Cavale | ) www.reuters.com time to read: +5 min

She told Walmart investors its strategy is to "democratize fashion" or convert the company's core, price-conscious shoppers into style-conscious shoppers. It would probably be the rest of the market that should be worried," he said pointing to apparel retailers such as Carhartt. Walmart accounts for 4.6% of the $560.4 billion U.S. apparel market, followed by TJX, Target and Ross at 4.4%, 4.1% and 2.8%, respectively, according to GlobalData. Bankrupt Bed Bath and Beyond was a leader in the home decor and furnishing industry along with furniture chains Ikea and Wayfair. In 2005, Walmart's Metro 7 fashion brand tanked and later designer lines with Max Azria and Norma Kamali also withered.

Persons: Walmart Supercenters, Drew Barrymore, Sofia Vergara, Denise Incandela, George, Ralph Lauren, Rosenblum, Privately, Refinitiv, TJX, Ross, Brandon Maxwell, Clea Shearer, Joanna Teplin, fryer, Sofia Jeans, Vergara, Arun Sundaram, Sundaram, Max Azria, Norma Kamali, Siddharth Cavale, Vanessa O'Connell, David Gregorio Our Organizations: Walmart, Reebok, Saks, Tilly's Inc, Abercrombie, Fitch, Bravo, Netflix, Bed, Amazon.com, Walmart's Metro, Thomson Locations: Bath, U.S, Bed Bath, Walmart's, New York

☆ A.I. and crypto are in focus at the annual gathering of the Wall Street trading community
▼ + stars: | 2023-06-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

It's time for the annual gathering of the trading community. Here's a rundown of some of the hot topics: Crypto in focus: SEC Chair Gary Gensler will be speaking at noon on Thursday. Electronic trading changed the trading world 30 years ago, is AI poised to do the same? Two pioneers of electronic trading, Virtu Financial founder Vinnie Viola and Peterffy, will be speaking at noon today, reflecting on the past and future of trading and will certainly be asked about the role AI will play in future trading. Tradeweb CEO Billy Hult and MarketAxess CEO Chris Concannon will discuss the growth in Treasury trading and the increasing electronification of the bond market.

Persons: I'm, Piper Sandler, Gary Gensler, Gensler, Binance, Michael Novogratz, Jean, Marie Mognetti, Vlad Tenev, Doug Cifu, Thomas Peterffy, Vinnie Viola, Peterffy, Ed Tilly, Terry Duffy, Billy Hult, Chris Concannon, Rich Repetto's, Rich Repetto Organizations: Piper, Piper Sandler Global Exchange, New York City, NYSE, Nasdaq, Cboe, London Stock Exchange, SEC, Galaxy Digital, Virtu, Global, Treasury, CME, Citadel, CNBC PRO Locations: New York

☆ What the pro-business tax agenda is chasing in a changing Congress
▼ + stars: | 2022-12-11 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +3 min

Main Street could find itself stuck in gridlock next year in terms of advancing pro-business tax objectives. For House Republicans, legislative priorities are likely to include extending business-friendly provisions of The Tax Cuts and Jobs Act, passed by the Trump Administration in 2017. Even so, a divided Congress means that major pro-business legislative changes will be difficult to enact. Rather, tax and policy professionals expect House Republicans to focus on a number of positioning moves next year — ones that will establish their pro-business agenda ahead of the 2024 presidential election. "There are a host of provisions in the tax code that businesses would like to see changed or revised," said Rochelle Hodes, a principal in Crowe's Washington National Tax office.

It’s a seemingly simple calculation, but supply-chain experts caution that shipping from stores can be more challenging than filling orders at fulfillment centers that are set up for the job. It now packages orders at 116 of its approximately 1,350 stores, said Amiee Bayer-Thomas, the company’s chief supply chain officer. The chain said it has converted areas in 35 stores to serve as semi-automated miniature distribution centers. That is one reason department store Nordstrom is pulling back on shipping orders from stores for its discount brand Nordstrom Rack. The company will continue using Nordstrom stores to fulfill online orders for that brand.

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