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☆ Trump greeted with prolonged applause when he made a surprise appearance at UFC 287 with Mike Tyson and Kid Rock
▼ + stars: | 2023-04-09 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Donald Trump made a surprise appearance at UFC 287 in Miami on Saturday night. He sat front row with Kid Rock, Mike Tyson, and UFC president Dana White. The recently indicted former president was greeted with enthusiastic applause by many in the crowd. Videos and photos posted on social media show the former president entering the arena with Kid Rock, Mike Tyson, and UFC president Dana White sitting in the front row with them. At one point, UFC fighter Kevin Holland came over to speak with the former president from the cage after he beat Santiago Ponzinibbio.

☆ NBA roundup: Mavs' playoff hopes dashed by Bulls
▼ + stars: | 2023-04-08 | by ( ) www.reuters.com time to read: +9 min

The result ended the Mavericks' hopes of reaching the Western Conference play-in tournament. Chicago, which had already clinched an Eastern Conference play-in spot, played without leading scorers DeMar DeRozan and Zach LaVine as well as Patrick Beverley. Orlando, which was in contention for a play-in spot over the past month following a 5-20 start, played its second game since being eliminated Tuesday. Grizzlies 137, Bucks 114Jaren Jackson Jr. scored 36 points to lead seven Memphis players in double figures as the Grizzlies clinched the No. Pascal Siakam scored 19 points, Precious Achiuwa added 16 points, and Fred VanVleet had 12 points and eight assists.

☆ US House speaker weighs Republican-only debt ceiling move as Biden proves immovable
▼ + stars: | 2023-03-30 | by ( David Morgan | ) www.reuters.com time to read: +5 min

"We should not be negotiating on the debt ceiling. Congress has the authority to raise the debt ceiling without conditions. He has also called on House Republicans to produce their own fiscal 2024 budget, which remains weeks - if not months - away. Polling shows Americans support using the debt ceiling talks to address the deficit - but prefer Biden's path of higher taxes. Close to 60% of respondents said the debt ceiling provides a good opportunity to push the tough issues of spending cuts or tax hikes.

☆ Fed's Powell discussed FDIC limits with House Republicans -lawmaker
▼ + stars: | 2023-03-29 | by ( Richard Cowan | ) www.reuters.com time to read: +1 min

WASHINGTON, March 29 (Reuters) - U.S. Federal Reserve Chair Jerome Powell told Republican lawmakers that Congress should re-evaluate limits on the size of federally insured bank deposits, U.S. Representative Kevin Hern said on Wednesday. "We talked about that but he said it was the role for Congress to really evaluate. Thought it was a great topic to bring up," Hern said after Powell spoke to a closed-door meeting of the Republican Study Committee. On another topic, Hern said Powell told Republicans that he believed supply chain inflation had mostly been mitigated. Reporting by Richard Cowan; Editing by Scott Malone and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ NBA roundup: Nuggets belt Bucks in matchup of titans
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +4 min

Antetokounmpo was aggressive from the start, with 13 points in the first quarter and 24 at halftime. But the Bucks went 4:10 without a point in the fourth period as the Nuggets built a 20-point lead. Booker led six Suns scoring at least 13 points. Biyombo also grabbed a game-high 13 rebounds. Tyrese Haliburton added 19 points and 13 assists.

☆ NBA roundup: Warriors withstand Joel Embiid's 46-point game
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +7 min

[1/5] Mar 24, 2023; San Francisco, California, USA; Golden State Warriors guard Stephen Curry (30) dribbles the basketball against the Philadelphia 76ers in the fourth quarter at Chase Center. A 23-9 run in the first 5:59 out of the locker room quickly flipped the game in the Kings' favor. Booker finished with 32 points, 14 in the fourth quarter, and Ross' 30 points marked a season high. Italian rookie Simone Fontecchio led Utah with 26 points, while Kelly Olynyk chipped in with 16 points and seven rebounds. Haliburton and Myles Turner each scored 20 points to lead Indiana, which trailed by 29 in the fourth quarter.

☆ NHL roundup: Owen Tippett's hat trick lifts Flyers over Sabres
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Nick Turchiaro-USA TODAY SportsMarch 18 - Owen Tippett scored three goals to lift the host Philadelphia Flyers to a dominant 5-2 victory over the Buffalo Sabres on Friday. Joel Farabee and James van Riemsdyk each added one goal for the Flyers, who snapped a four-game losing streak. Victor Olofsson scored two goals for the Sabres, who lost their second straight. Maple Leafs 5, Hurricanes 2Zach Aston-Reese scored two goals as Toronto defeated visiting Carolina. Ryan Strome and Troy Terry each logged a goal and an assist, and Max Comtois and Trevor Zegras added a goal apiece.

☆ U.S. inflation isn't falling — it's just not rising as quickly as it was, strategist says
▼ + stars: | 2023-03-15 | 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 EmailU.S. inflation isn't falling — it's just not rising as quickly as it was, strategist saysKevin Heal of Argus Research says the U.S. Federal Reserve won't change its "mantra" of getting inflation back to 2%.

☆ SVB is still looking for a buyer. Here is what we know so far.
▼ + stars: | 2023-03-13 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

The weekend came and went without a buyer for SVB Financial Group, the parent company of the failed Silicon Valley Bank. SVB Capital focuses on venture capital and credit investing and SVB Securities is its investment banking arm. Axios reported Monday morning that JPMorgan and PNC were in talks to acquire SVB Financial Group but not the failed commercial bank. SVB Securities, better known as SVB Leerink, the investment banking arm born out of SVB's 2018 acquisition of Leerink, is a very desirable business, he added. "SVB Leerink is a well-known name in the tech and healthcare space that will be attractive to someone," said Healy.

☆ Oscars 2023 Red Carpet: See All the Best Looks
▼ + stars: | 2023-03-12 | by ( Kevin Huynh | ) www.wsj.com time to read: 1 min

Jamie Lee Curtis, nominated for best supporting actress for “Everything Everywhere All at Once,” in Dolce & Gabbana. Angela Weiss/AFP/Getty Images

☆ Who will step up to buy SVB? The white knight might be a bank outside Wall Street.
▼ + stars: | 2023-03-11 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

SVB Bank, which catered to startups and tech founders, imploded in three days after a run on the bank. SVB Financial is reportedly looking to find a buyer by Monday. The implosion of Silicon Valley Bank means a working weekend for some bankers. SVB Financial Group is on the hunt for a buyer after regulators closed its Silicon Valley Banking business, according to Bloomberg. Though SVB's bond losses are taking up the headlines, its parent company SVB Financial has two business segments that are enticing.

☆ How SVB employees are coping after being ordered to leave the office, from polishing their resumes to hitting the bar: 'We're pretty much in the dark'
▼ + stars: | 2023-03-10 | by ( Emmalyse Brownstein | Rebecca Ungarino | Carter Johnson | ) www.businessinsider.com time to read: +6 min

It read: "Operations of the SVB Securities broker dealer are distinct from the receivership of SVB Financial." The SVB Securities employee called the whirlwind leading up to SVB's meltdown as "scary, scary stuff." Kevin Heal, senior analyst at Argus Research, said he sees both SVB Securities and SVB Private being sold. SVB bought the healthcare investment bank Leerink Partners in 2018, renaming it SVB Leerink and then SVB Securities. PATRICK T. FALLON/AFP via Getty ImagesHeal thinks the investment banking operations could be purchased by a smaller investment banking firm that doesn't have tech or healthcare prowess, like US Bancorp or PNC.

☆ Paris Fashion Week 2023: All the Best Runway Looks
▼ + stars: | 2023-03-07 | by ( Kevin Huynh | Alexander Fisher | ) www.wsj.com time to read: 1 min

This story may be updated with more from fall 2023 collection fashion shows. Produced by Leah LatellaREAD MORE:From Rihanna to Chloë Sevigny, the Winners of New York Fashion WeekGrammys 2023: Harry Styles, Taylor Swift, Lizzo and More Looks From the Red CarpetParis Couture 2023: See the Boldest Looks from Chanel, Schiaparelli and Valentino

☆ NBA roundup: Joel Embiid (42) guides Sixers past Pacers
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +5 min

[1/3] Mar 6, 2023; Indianapolis, Indiana, USA; Philadelphia 76ers center Joel Embiid (21) shoots the ball while Indiana Pacers center Myles Turner (33) defends in the second half at Gainbridge Fieldhouse. Tyrese Maxey made six 3-pointers and scored 24 points for Philadelphia, and James Harden contributed 14 points, 20 assists and nine rebounds. Boston got 32 points, 13 rebounds and nine assists from Jaylen Brown. Trail Blazers 110, Pistons 104Damian Lillard recorded 31 points, 13 rebounds and 12 assists as visiting Portland handed Detroit its eighth consecutive loss. Cory Joseph had 14 points, Jaden Ivey contributed 13 points and 13 assists and Alec Burks also scored 13 points.

☆ China's Meituan to restructure ride-hailing unit, reduce service's staff - letter
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

BEIJING/SHANGHAI, March 6 (Reuters) - Chinese tech giant Meituan (3690.HK) plans to restructure its ride-hailing service and reduce the number of staff it has working on the platform, according to an internal letter seen by Reuters on Monday and two sources. The company's main app is known in China as a 'superapp' which has services from food delivery to restaurant bookings. Meituan first launched the Meituan Dache app in 2017 but removed it from app stores two years later citing losses，local media reported at the time. But over the whole period, it has offered the ride-hailing service among the suite of services on its main app. Didi's Chinese service was allowed to resume new user registrations in January after it was dealt a $1.2 billion fine over data-security breaches.

☆ NBA roundup: 76ers snuff Bucks' 16-game winning streak
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +6 min

Giannis Antetokounmpo led the Bucks with 34 points and 13 rebounds, Brook Lopez scored 26 points and Jrue Holiday added 26 points and 13 assists. Grayson Allen made six 3-pointers and finished with 20 points, all in the third quarter. Marvin Bagley III collected 20 points and 13 rebounds and Hamidou Diallo added 14 points for the Pistons. Jimmy Butler and Caleb Martin both scored 15 points, and Butler added 11 rebounds and seven assists. Houston, which received double-doubles from starters Alperen Sengun (16 points, 10 rebounds) and Kenyon Martin Jr. (14 points, 13 rebounds), will host the Spurs on Sunday.

☆ How Chili’s Is Prepping for Tough Times, Starting With the Fries
▼ + stars: | 2023-03-04 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

When Kevin Hochman became CEO last June of the company that owns Chili’s Bar & Grill, amid a labor shortage and escalating costs, he started looking for bottlenecks in the kitchen. There, he learned about Chili’s french-fry problem. Fries were delivered in their own metal baskets, driving cooks and dishwashers crazy. They had to be lined with paper before each serving and cleaned afterward, some 40 million times a year. In short order, Mr. Hochman scrapped the baskets for fries, advancing his grand ambitions for the Southwest-style restaurant chain: improve service and boost profits.

BOSTON, March 1 (Reuters) - Massachusetts U.S. Attorney Rachael Rollins has hired a former Justice Department inspector general to defend her in a widening ethics investigation into her appearance at a political fundraiser and her travel. The controversy has threatened to undermine Attorney General Merrick Garland’s vow to protect the Justice Department from partisan influence and efforts to extend progressive criminal justice policies championed by Rollins to the federal level. It is unclear what the inspector general's probe will find or when it will be completed. James Borghesani, a spokesman for Hayden, said they have received no inquiries from the inspector general's office. Investigators are also looking at Rollins' use of a personal cellphone, rather than her government-issued one, for Justice Department business, said two other people familiar with the matter.

☆ Fact Check-Fabricated Kevin McCarthy tweet saying ‘not my job’ to speak out against other Republicans created as satire
▼ + stars: | 2023-02-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

The purported tweet (bit.ly/3ZeMnPE) reads: “Listen, it’s not my job to speak out everytime a Republican congressperson calls for Civil War or giving slavery another shot. It’s simply not my job.” The image shows a picture of McCarthy in the top left corner and his real Twitter handle, @SpeakerMcCarthy. The fake screenshot (bit.ly/3ZeMnPE) was originally posted by satirical Twitter account @FaithRubPol (www.twitter.com/FaithRubPol), but has since been deleted for “violating Twitter rules” (here). One person called McCarthy a “spineless coward” (bit.ly/41pnxyr), while another said, “Someone needs to explain to Kevin his job duties” (bit.ly/3ZeAzN3). The tweet was not posted by Kevin McCarthy; it stems from a satirical account.

European demand is deepening a shortage of agave, the prickly plant native to Mexico's Jalisco region that's used to make tequila. Tequila prices have leapt. Compounding matters, the flow to Europe of high-quality 100% agave tequila - which has to be bottled in Mexico - has also been constrained by the supply-chain chaos from COVID-19. Michael Merolli, head of Pernod Ricard's tequila business, which includes Olmeca, said there were far fewer tequila brands in Europe than the United States, where the market was more mature and competitive, with new brands emerging every week. U.S. A-listers like Dwayne "The Rock" Johnson, Kendall Jenner and Kevin Hart have all launched tequila brands in recent years.

☆ London Fashion Week 2023: All the Best Runway Looks
▼ + stars: | 2023-02-21 | by ( Kevin Huynh | Alexander Fisher | ) www.wsj.com time to read: 1 min

London Fashion Week 2023: All the Best Runway LooksSee new collections from Burberry, Simone Rocha and JW Anderson, plus highlights from the New York shows

Analysts estimate that nearly $700 billion of mortgages – close to one-eighth China's outstanding total – have been prepaid since early last year, when banks started to lower borrowing rates. This threatens banks' profits on mortgages, which accounted for about 30% of outstanding loans at China's five biggest banks as of last June, according to their latest financial reports. The current disinterest in new home purchases contrasts sharply with the overheated property market of prior years, when authorities kept mortgage rates high to cool speculation. Towards the middle of last year, however, regulators began lowering benchmark mortgage rates to prop up property demand, after a liquidity crisis among developers sent home prices and sales into a downward spiral. "I decided to do so because I'm burdened with a mortgage rate that's too high," Wang said.

☆ How Social Security and Medicare became the latest battleground in Biden's showdown with the GOP
▼ + stars: | 2023-02-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

Social Security and Medicare have taken the spotlight in the battle to raise the debt limit. Then came the big question of what exactly Republicans want to cut, and Social Security and Medicare entered the frame. "So, folks, as we all apparently agree, Social Security and Medicare is off the books now. White House, Biden double down on GOP attacksThe receipts kept coming once Republicans claimed they never proposed cuts to Social Security and Medicare. It noted, though, that Social Security and Medicare "are earned benefit programs that must be saved and strengthened."

☆ NBA All-Star Saturday: Damian Lillard tops 3-Point Contest field
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

[1/3] Feb 13, 2023; Portland, Oregon, USA; Portland Trail Blazers guard Damian Lillard (0) stands with teammates during the singing of the national anthem before a game against the Los Angeles Lakers at Moda Center. / Troy Wayrynen-USA TODAY SportsFebruary 15 - Portland Trail Blazers guard Damian Lillard, who has hit the sixth-most 3-point shots in NBA history, will take part in the 3-Point Contest as part of All-Star Saturday Night this week in Salt Lake City. Also competing in the 3-point event will be Miami Heat guard Tyler Herro, Portland Trail Blazers guard Anfernee Simons and Sacramento Kings swingman Kevin Huerter. Curry won the 3-Point Contest in 2015 and 2021, and Allen won it in 2001. The Slam Dunk Contest will include one player, Mac McClung, who hasn't appeared in an NBA game this season.

☆ NHL roundup: Adrian Kempe, Kings pound Penguins
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +10 min

Mika Zibanejad scored his 27th goal, Kaapo Kakko also found the net and Vincent Trocheck and Jimmy Vesey each added two assists. Carolina's Sebastian Aho saw his six-game goal streak end. Blues 6, Coyotes 5 (OT)Ryan O'Reilly scored the winning goal 1:02 into overtime to lift St. Louis past visiting Arizona. Scott Wedgewood made 28 saves in his first appearance since blanking the Los Angeles Kings 4-0 on Jan. 19. Jonatan Berggren scored two goals, Filip Hronek scored a goal, and Ben Chiarot had two assists for the Red Wings.

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