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☆ US House Republicans will subpoena president's son, brother to appear
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

Hunter Biden, son of U.S. President Joe Biden, arrives at federal court to plead guilty to two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S., July 26, 2023. House Republicans launched an impeachment inquiry in September, following months of probes. Neither Hunter Biden nor James Biden could immediately be reached for comment. In addition to the subpoenas to Hunter Biden and James Biden, the committee is issuing a subpoena to Rob Walker, a former business partner of Hunter Biden. Hunter Biden, 53, has publicly discussed his past substance abuse and never held a position in the White House or on his father's campaign.

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Joe Biden's, James Biden, Biden, Barack Obama's, Devon Archer, Archer's, Karine Jean, Pierre, Donald Trump, Rob Walker, Tony Bobulinski, Trump, Mike Johnson, Makini Brice, Steve Holland, Chris Reese, Scott Malone, Matthew Lewis Organizations: REUTERS, Rights, Republican, Democrat, House Republicans, White, Biden, Senate, Thomson Locations: Wilmington , Delaware, U.S, Washington

☆ There's fairly attractive risk vs. reward for bonds right now, says Wilmington Trust's Shue
▼ + stars: | 2023-11-08 | 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 EmailThere's fairly attractive risk vs. reward for bonds right now, says Wilmington Trust's ShueMeghan Shue, Wilmington Trust head of investment strategy, joins 'Squawk on the Street' to discuss what Shue is seeing in fixed income compared to stocks next year, what Shue makes of the pullback in oil prices, and more.

Persons: Wilmington Trust's Shue Meghan Shue, Shue Organizations: Wilmington Trust Locations: Wilmington

Hunter Biden, son of U.S. President Joe Biden, arrives at federal court to plead guilty to two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S., July 26, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Nov 8 (Reuters) - The Republican-controlled U.S. House Oversight Committee said on Wednesday it has subpoenaed President Joe Biden's son, Hunter Biden, and brother, James Biden, to appear for depositions, in an escalation of its impeachment inquiry into the Democrat. In addition to the subpoenas to Hunter Biden and James Biden, the committee has issued a subpoena to Rob Walker, a former business partner of Hunter Biden. The committee has also asked four other members of Biden's family to appear, as well as another former business partner, Tony Bobulinski. Hunter Biden, 53, has publicly discussed his past substance abuse and never held a position in the White House or on his father's campaign.

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Joe Biden's, James Biden, Biden, Barack Obama's, Abbe Lowell, Hunter, Lowell, Devon Archer, Karine Jean, Pierre, Donald Trump, Rob Walker, Tony Bobulinski, Trump, Mike Johnson, Makini Brice, Steve Holland, Scott Malone, Matthew Lewis Organizations: REUTERS, Rights, Republican, Democrat, House Republicans, White, Wednesday, Biden, Senate, Thomson Locations: Wilmington , Delaware, U.S, Washington

☆ Opinion | The ’23 Elections and the Abortion Effect
▼ + stars: | 2023-11-08 | by ( ) www.nytimes.com time to read: +3 min

After Tuesday’s elections, you write, “The political potency of abortion rights proved more powerful than the drag of President Biden’s approval ratings in Tuesday’s off-year elections.”What do Mr. Biden’s approval ratings have to do with abortion rights on the ballot? Andy Beshear in Kentucky highlights many reasons why President Biden needs to pass the torch. As a lifelong Democrat, I am mystified why Mr. Biden does not gracefully step aside. He won 52 percent of the vote in a red state that Mr. Biden lost by 26 points in 2020. I implore Mr. Biden to listen to the wishes of the American people and let a new leader arise.

Persons: Biden’s, Dee Baer, Matt C, Abbott, Re “ Beshear, Conservative Kentucky ”, Andy Beshear, Biden, Mr, Beshear, Donald Trump, Trump, Eric De Jonge Chevy Organizations: New York Times, Democratic, “ Voters, Republicans, Conservative Kentucky, Gov Locations: Tuesday’s, Virginia, Ohio, Dee Baer Wilmington, Del, Koltek Louisville, Abbott Lake Geneva, Wis, Conservative, Kentucky, Eric De Jonge Chevy Chase, Md, America

☆ Hunter Biden prosecutor to testify behind closed doors to House Republicans
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +3 min

File photo: U.S. President Joe Biden's son, Hunter Biden, arrives to appear in a federal court on gun charges in Wilmington, Delaware, U.S., October 3, 2023. House Republicans allege that the Justice Department improperly interfered with an investigation into Hunter Biden, whose brushes with the law are a central focus of their impeachment inquiry into President Biden. Weiss has headed an investigation into Hunter Biden since 2019. Originally nominated during Republican President Donald Trump's administration, he was allowed to remain in place under Biden. Weiss has charged Hunter Biden, 53, with crimes related to owning a firearm while using illegal drugs.

Persons: Joe Biden's, Hunter Biden, Mike Segar, David Weiss, Biden, Weiss, Mr, Donald Trump's, Trump, impeaching Biden, Makini Brice, Andrew Goudsward, Scott Malone, Jonathan Oatis Organizations: REUTERS, Rights, Republican, Internal Revenue Service, Republicans, Justice Department, Department, FBI, IRS, Trump, Thomson Locations: Wilmington , Delaware, U.S

☆ Hunter Biden prosecutor tells House panel he is 'the decision-maker on this case'
▼ + stars: | 2023-11-07 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

U.S. Attorney David Weiss speaks during a press conference on May 3, 2018, at his district office in Wilmington, Del. The federal prosecutor in the cases against Hunter Biden told the Republican-led House Judiciary Committee on Tuesday that "political considerations played no part" in his decision to charge the son of President Joe Biden with several crimes. "I am, and have been, the decision-maker on this case," Department of Justice special counsel David Weiss said in an opening statement for his closed-door testimony, according to a copy provided by the DOJ. The special counsel, who also is the U.S. attorney for Delaware, earlier this year charged Hunter Biden with criminal charges related to possessing a handgun while being a drug user, and with failure to pay federal income taxes. Hunter Biden, 53, has pleaded not guilty in the cases.

Persons: David Weiss, Hunter Biden, Joe Biden, Weiss Organizations: Republican, Department of Justice, DOJ, United, United States Attorneys Locations: Wilmington, Del, United States, U.S, Delaware

President Biden, perhaps Amtrak’s most famous advocate, announced $16.4 billion in funding for rail projects on Monday, exhibiting a business-as-usual approach as polls show him trailing former President Donald J. Trump one year before Election Day. Speaking at a maintenance warehouse where Amtrak trains are serviced in Bear, Del., Mr. Biden made no mention of the polling from The New York Times and Siena College polls. Instead, he offered familiar anecdotes about his days as a senator, when a conductor named Angelo would call him “Joey, baby!” and squeeze his cheeks as he made the 90-minute ride between Washington and his home in Wilmington, Del. Mr. Biden also promoted the $1 trillion infrastructure law he signed into law two years ago, which included $66 billion for investments in rail systems.

Persons: Biden, Donald J, Trump, Angelo, “ Joey Organizations: Amtrak, The New York Times, Siena College Locations: Bear, Washington, Wilmington, Del

☆ Biden touts billions for northeast US rail corridor
▼ + stars: | 2023-11-06 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +2 min

REUTERS/Erin Scott/File Photo Acquire Licensing RightsNov 6 (Reuters) - U.S. President Joe Biden on Monday will announce the latest tranche of federal dollars to modernize key portions of the nation's busiest rail corridor that stretches from Boston to Washington DC. Biden is highlighting $16.4 billion in funding from the 2021 bipartisan infrastructure law for 25 passenger rail projects on Amtrak’s Northeast Corridor, which supports some 800,000 trips per day in a region that represents 20% of the nation's gross domestic product. "The bottom line is that for the over 200 million passengers who ride this rail corridor every year, these improvements are going to shorten travel times and improve reliability," U.S. Transportation Secretary Pete Buttigieg said in a statement. Monday's event marks at least the third time Biden has held an event to highlight funding the Northeast Corridor line, underscoring the president's personal connection with the corridor. He believes strongly in improving America's passenger rail and he knows the Northeast Corridor like no one else," White House infrastructure czar Mitch Landrieu said.

Persons: Joe Biden, Finnegan, Maisy, Erin Scott, Biden, Pete Buttigieg, Frederick Douglass, Mitch Landrieu, Jarrett Renshaw, Lincoln Organizations: REUTERS, Washington DC, U.S . Transportation, Amtrak, Thomson Locations: Philadelphia , Pennsylvania, U.S, Boston, Washington, New York, Hudson, New Jersey, Maryland, Wilmington, Amtrak's Wilmington

WASHINGTON (AP) — President Joe Biden — perhaps the nation's biggest Amtrak fan — is set to promote new federal investments for trains on the heavily trafficked Northeast Corridor. The Democratic president is headed to Bear, Delaware, on Monday to announce more than $16 billion in new funding that will go toward 25 passenger rail projects between Boston and Washington, the White House says. His remarks will be held at the Amtrak Bear Maintenance Shops, where trains are maintained and repaired. The investments, the White House says, will help trains run faster, cut delays and create union jobs. From the law, Amtrak will get about $66 billion in new investments, according to the White House.

Persons: Joe Biden —, Biden, ” Biden, — Organizations: WASHINGTON, Amtrak, Democratic, Maintenance Locations: Bear , Delaware, Boston, Washington, Wilmington, U.S, Baltimore, United States

☆ Stocks week ahead: Here’s how America’s economy could begin to weaken
▼ + stars: | 2023-11-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The job market or spending? The spending argument: But there have been instances in which spending weakened before the job market. “I think it starts with the perception of the labor market,” Drew Matus, chief market strategist at MetLife Investment Management, told CNN. The ticket-industry giant said it has sold a record 140 million tickets so far this year, up 17% year-over-year and has already surpassed the 121 million tickets sold in all of 2022. In the third quarter, Ticketmaster sales surged 57% to $833 million and 90 million fee-bearing tickets were sold in the period.

Persons: can’t, ” Shannon Seery, “ It’s, ” Seery, Luke Tilley, ” Tilley, Jerome Powell, ” Drew Matus, ”, Taylor Swift, Parija Kavilanz, Swifties, Taylor, Michael Rapino, Beyoncé, Harry Styles, Bunny, Jonas Brothers, Bruce Springsteen, Lisa Cook, Michael Barr, Jeffrey Schmid, Christopher Waller, John Williams, Lorie Logan, Ralph Lauren, Steve Madden, Phillip Jefferson, Raphael Bostic, Tom Barkin, Christine Lagarde Organizations: CNN Business, Bell, DC CNN, CNN, Employers, Investment Advisors, Companies, National Bureau of Economic Research, CNN Wednesday, Federal, MetLife Investment Management, Ticketmaster, Ryanair, Goodyear, Fed, Reserve Bank of Australia, Uber, Occidental Petroleum, KKR, The Carlyle Group, US Commerce Department, Biogen, Warner Bros, Teva Pharma, The New York Times Company, Armour, SeaWorld, MGM Resorts, China’s National Bureau of Statistics, Sony Group, Astrazeneca, Tapestry, News Corp, US Labor Department, Soho House, National Statistics, European Central Bank, University of Michigan Locations: Washington, Wells, Wilmington, Lyft, Brookfield, Soho

☆ Hunter Biden decries GOP lawmakers, media for 'weaponization of my addiction' amid probes, criminal charges
▼ + stars: | 2023-11-02 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Hunter Biden, son of US President Joe Biden, arrives at Fort Lesley J. McNair in Washington, DC, on Tuesday, July 4, 2023. Hunter Biden, son of President Joe Biden, on Thursday denounced congressional Republicans and right-wing media figures for using his well-known history of drug abuse to attack his father and launch "fruitless" investigations. "My struggles and my mistakes have been fodder for a vile and sustained disinformation campaign against him, and an all-out annihilation of my reputation through high-pitched but fruitless congressional investigations," the younger Biden wrote. The charges stem from him "possessing an unloaded gun for 11 days five years ago," Biden wrote, adding they "appear to be the first-ever of their kind brought in the history of Delaware." Biden pleaded not guilty last month to a three-count indictment in the case in a U.S. District Court in Wilmington, Delaware.

Persons: Hunter Biden, Joe Biden, Lesley J, McNair, Biden, Hunter Organizations: Republicans, USA Today, Republican Locations: Washington ,, USA, Delaware, U.S, Wilmington , Delaware

☆ What to expect from today’s Fed meeting
▼ + stars: | 2023-11-01 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

That would be the second consecutive meeting the Fed keeps rates unchanged. But that doesn’t mean the Fed is done hiking rates. Still, hawkish Fed officials — those who back a more aggressive approach to addressing inflation — believe there’s more room to raise rates. Domestic spending has continued at a strong pace and the labor market remains tight,” Fed Governor Michelle Bowman said last month in Morocco. The strong economy will likely slowDespite the Fed’s 11 rate hikes since March 2022, the US economy has displayed remarkable resilience.

Persons: Jerome Powell, “, ” Powell, Michelle Bowman, ” Luke Tilley, Powell, Banks, ”, Nela Richardson Organizations: DC CNN, Federal Reserve, hawkish Fed, ”, Labor Department, Wilmington Trust, CNN Locations: Washington, New York, Morocco, Wilmington, Israel

☆ $1 Million Homes in Delaware, Idaho and North Carolina
▼ + stars: | 2023-11-01 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

| $995,000An 1824 Federal townhouse with four bedrooms and three and a half bathrooms, on a 0.1-acre lotThis brick rowhouse is near the waterfront, with views of the Delaware River from the deck and backyard. Nearby Delaware Street is lined with stores and restaurants, including an ice cream shop and a tavern in a circa 1724 building. The University of Delaware is about half an hour away, in Newark. To the left is a formal living room with a fireplace that has a King of Prussia marble mantel. Through a wide doorway is a dining room with another fireplace, a brass chandelier and windows with painted wood shutters.

Persons: Bull Hill, King Organizations: First, Historical, New, Battery, University of Delaware Locations: Del, Delaware, Bull, Wilmington, Newark, Philadelphia, Prussia

☆ CNBC Daily Open: A history-making three months for stocks
▼ + stars: | 2023-11-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

(Photo by DOUG KANTER / AFP) (Photo by DOUG KANTER/AFP via Getty Images) Doug Kanter | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. All three indexes declined for three consecutive months — the first time for the S&P and Dow since March 2020. Even the Magnificent Seven stocks that led most — if not all — the gains in the S&P this year have been struggling in October. But nothing lasts forever: Even cold November rain may wash away the bitter taste of the past three months.

Persons: Hurricane Floyd, Floyd, James Lee Witt, DOUG KANTER, Doug Kanter, they're, Ross Mayfield, Baird, Tesla Organizations: AMD, Federal Emergency Management Agency, AFP, Getty, Afp, CNBC, Dow Jones, Nasdaq, Dow, Investment, Federal, Nvidia, Microsoft, Amazon Locations: New York City, Hurricane, Wilmington , NC, North Carolina

☆ AstraZeneca to invest $245 mln in Cellectis to boost gene therapy prospects
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

The logo for AstraZeneca is seen outside its North America headquarters in Wilmington, Delaware, U.S., March 22, 2021. Cellectis' gene-editing technology and manufacturing capabilities to design novel cell and gene therapy products will help strengthen AstraZeneca's growing offering in the space, it said. AstraZeneca said that as part of the deal, it will pay Cellectis $105 million by the end of this year. That includes an $80 million equity investment, which will be followed by another $140 million in early 2024, which will give AstraZeneca a stake of about 44% in the French company. The Anglo-Swedish pharma company said it had exclusive rights to 25 genetic targets, of which up to 10 candidate products could be explored for development.

Persons: Rachel Wisniewski, Aby Jose Koilparambil, Savio D'Souza Organizations: AstraZeneca, REUTERS, Swedish pharma, Thomson Locations: North America, Wilmington , Delaware, U.S, Swedish, Bengaluru

☆ Policy hikes are likely finished but no one is thinking of cutting right now, says Adam Crisafulli
▼ + stars: | 2023-10-31 | 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 EmailPolicy hikes are likely finished but no one is thinking of cutting right now, says Adam CrisafulliAdam Crisafulli, Vital Knowledge founder and Meghan Shue, Wilmington Trust EVP, join 'Closing Bell Overtime' to talk the day's market action and what to expect from the FOMC meeting tomorrow.

Persons: Adam Crisafulli Adam Crisafulli, Meghan Shue Organizations: Vital Knowledge, Wilmington Trust Locations: Wilmington

☆ Exclusive: Law firm tied to bankruptcy judge resignation did not make conflict disclosures -data analysis
▼ + stars: | 2023-10-30 | by ( Tom Hals | Thomson Reuters | Tom Hals Is An Award-Winning Reporter With Years Of Experience Working In Asia | ) www.reuters.com time to read: +8 min

Freeman also worked as a contract lawyer for Jackson Walker after leaving the firm. Jones and Jackson Walker signed off on the arrangement without disclosing the relationship, court papers show. Until then he was the busiest bankruptcy judge in the United States, overseeing the dissolution or restructuring of corporate titans ranging from Neiman Marcus to J.C. Penney. Bankruptcy judges often serve as mediators in complex cases that are being run by other judges. In the GWG bankruptcy, Jackson Walker on Nov. 30 asked the judge overseeing the case to appoint Jones as mediator.

Persons: David Jones, Jones, Jackson Walker, Elizabeth Freeman, Freeman, Neiman Marcus, J.C, Tom Kirkendall, Jackson, Debtwire, Tehum, Bruce Markell, Tom Hals, Dietrich Knauth, Alexia Garamfalvi, Amy Stevens, Grant McCool Organizations: Reuters, REUTERS, Staff, McDermott International, Houston, GWG Holdings, Wall Street, U.S, Circuit, Appeals, U.S . Department of, Tehum Care Services, Corizon, U.S ., Thomson Locations: Houston , Texas, U.S, WILMINGTON , Delaware, Texas, Houston, United States, Penney, GWG, Wilmington , Delaware, New York

☆ I'm fleeing Florida after almost 40 years because 'Rolls Royces, Range Rovers and Maseratis took over' and my home insurance skyrocketed
▼ + stars: | 2023-10-29 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

David, 58, had loved the slow pace and friendly community in West Palm Beach, Florida, since 1987. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with David, 58, who is moving to Savannah, Georgia, next year after almost 40 years living in West Palm Beach, Florida. We would drive down to see them, and West Palm Beach held some mystique to me. I spent nearly 40 years in West Palm BeachWhen I first came to West Palm Beach, I moved into this great little area that I fell in love with. I lived in a condo for two years, and then I bought property for $150,000 back in 1989 or 1990.

Persons: David, —, Maseratis, Georgia Wilmington Island , Florida Matthew Propst, we've Organizations: Service, Palm Beach, Insurance Locations: West Palm Beach , Florida, Georgia, Savannah , Georgia, Chicago, Florida, West Palm, Palm, New York, I'm, Georgia Wilmington Island , Florida, Palm Beach, Savannah, Wilmington

Strategizing an outfit for a concert, the 40-year-old communications professor at UNC Wilmington had gotten as far as a black stretch-knit dress from Susana Monaco. “But in photos on Instagram, a plain black dress doesn’t pop,” she said. Jones strapped on a $188 leather belt with an etched silver buckle, debonairly looping it around her dress’s slinky fabric. In the ’80s and ’90s, branded Gucci and Chanel belt buckles served as signal flares for yuppie shoppers. And gutsy dressers are cinching and sculpting sweaters, dresses, shawls and blouses with no belt loops at all.

Persons: KELLY JONES, Susana Monaco, ”, Jones, Halston, Tiffany, Elsa Peretti, Gucci, Miranda Kerr, Jennifer Lopez Organizations: UNC Wilmington, “

☆ US third-quarter economic growth seen fastest in nearly 2 years
▼ + stars: | 2023-10-26 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

While the anticipated robust growth pace notched last quarter is probably not sustainable, it would demonstrate the economy's resilience despite aggressive interest rate hikes from the Federal Reserve. According to a Reuters survey of economists, GDP likely increased at a 4.3% annualized rate last quarter, which would be the fastest since the fourth quarter of 2021. Others are not too concerned, noting the labor market continues to churn out jobs at a solid clip. Growth last quarter was also seen lifted by a smaller trade deficit, thanks to strong exports and increased inventory investment. But the labor dispute, which is costing auto makers millions of dollars per week, could weigh on growth in the fourth quarter.

Persons: Andrew Kelly, Joe Biden's, Sal Guatieri, Luke Tilley, it's, Yelena Shulyatyeva, Brian Bethune, Lucia Mutikani, David Gregorio Our Organizations: REUTERS, Business, WASHINGTON, Federal Reserve, United Auto Workers, BMO Capital Markets, Consumer, Wilmington Trust, Labor, Labor Department, U.S, Treasury, Financial, Group's, BNP, Boston College, Thomson Locations: Brooklyn , New York City, U.S, Toronto, American, Wilmington, Philadelphia, New York

☆ Prospects for both bonds and stocks are starting to look more attractive: Wilmington's Meghan Shue
▼ + stars: | 2023-10-23 | 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 EmailProspects for both bonds and stocks are starting to look more attractive: Wilmington's Meghan ShueMeghan Shue, Wilmington Trust EVP, and Venu Krishna, Barclays Investment Bank head of U.S. equity strategy, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Meghan Shue Meghan Shue, Venu Krishna Organizations: Wilmington Trust, Barclays Investment Bank Locations: Wilmington

☆ 9 investors betting millions on the rebound in live events and entertainment
▼ + stars: | 2023-10-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

"Live events are having a moment as consumers want to get out and about," said John Harrison, Americas Media & Entertainment lead at EY. But over the past few years, established and upstart investors have seized the opportunity to capitalize on live events spending, which is outpacing media and entertainment spending overall. PWC projects live events revenue hitting $68.7 billion in 2024, up from $66.6 billion in 2019.Insider identified nine firms, listed alphabetically, that are making significant investments in live entertainment-related companies. It most recently led a $65 million round in Dice, an events discovery and ticketing platform for live events like comedy and drag cabaret. Courtesy of Shamrock CapitalThe Los Angeles-based investment firm has a long history of backing media, entertainment, and communications businesses.

Persons: Taylor Swift, hasn't, Tait, Scott Marimow, John Harrison, there's, Harrison, Coldplay, PEHub, Bluestone Equity Partners Bobby Sharma, Michael Weschler, Bobby Sharma, Bluestone, Juggernaut, Eric Kuhn, Tre, Scott, Matt Pincus, Pincus, Marimow, Shamrock Capital Andrew Howard, Marc Geiger, Alan Waxman's Organizations: Providence Equity Partners, Yankee, Wembley, Bluestone Equity Partners, Providence, Americas Media, Entertainment, Fourier, NBA, PMY, SoFi, New York's Citi, RWS, Apple, Holland America, Capital Partners, Street Journal, Folk Media Group, CBS, Microsoft, Folk Productions, Quest Entertainment, MUSIC, Liontree, JS Capital Management, Investments, Providence Equity Partners Providence Equity Partners, Theatre Group, Shamrock Capital, Sixth, Spain's, San Antonio Spurs, New York Yankees, Dallas Cowboys, Sixth Street Locations: Americas, Paris, Europe, Asia, Vegas, Fiume, Wilmington , Mass, Devon , Pennsylvania, Miami , Florida, North America, Providence, US, Germany, Los Angeles, SaveLive, Spain's Real Madrid, Real Madrid's

☆ U.S. weekly jobless claims total 198,000, fewer than expected
▼ + stars: | 2023-10-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Initial filings for unemployment benefits dipped last week, indicating that the U.S. labor market remains tight and a potential factor in persistent inflation. Weekly jobless claims totaled a seasonally adjusted 198,000 for the period ended Oct. 14, the Labor Department reported Thursday. The labor market has been a critical factor in the Federal Reserve's deliberations over monetary policy. The labor market thus far has shown few effects of the United Auto Workers strike as well as other labor unrest. This week's report covers the survey week the Labor Department uses for its nonfarm payrolls report.

Persons: Dow Jones, Jerome Powell Organizations: Fear Community College, Labor Department, United Auto Workers, Philadelphia Fed, CNBC Locations: Wilmington , North Carolina, US

It ended in frantic scenes of Afghans and Americans desperately trying to get on one of the last flights out of Kabul. Two-thirds of Americans say the war in Afghanistan was not worth fighting; 65% of Democrats and 63% of Republicans agree on that evaluation. Only about one in five Americans say the U.S. successfully improved opportunities for women and girls in Afghanistan, with 43% saying such efforts were unsuccessful. Women were more likely than men across party lines to call advancing the rights of women in Afghanistan an important goal. Mike Mitchell is executive director of No One Left Behind, which helps Afghans who worked with the U.S. relocate.

Persons: Joe Biden’s, ”, Martin Stefen, Justin Campbell, Campbell, he's, Maliha Chishti, “, Toni Dewey, Nola Sayne, —, Ukraine —, Mike Mitchell, ‘, Mitchell, ___ Organizations: WASHINGTON, United, Pearson Institute, Global, Associated Press, NORC, for Public Affairs Research, U.S, Taliban, Republicans, Republican Party, “ Locations: United States, Afghanistan, Kabul, U.S, Carson City , Nevada, Soviet Union, Brookhaven , Mississippi, Wilmington , North Carolina, America, Loganville , Georgia, Ukraine, Israel

☆ Lordstown Motors ex-CEO approved to buy company assets for $10 mln
▼ + stars: | 2023-10-18 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Lordstown Motors logo and decreasing stock graph are seen in this illustration taken, May 2, 2023. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsNEW YORK, Oct 18 (Reuters) - Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with its founder and former CEO Stephen Burns for $10.2 million. LAS Capital, majority-owned by Burns, will acquire Lordstown's intellectual property, business records, and machinery including assembly lines for electric vehicle motors and batteries. The sale does not include any rights to pursue legal claims against Lordstown's directors, officers or equity owners, which will remain with the bankrupt company, Lordstown Motors' attorney David Turetsky said at the court hearing. Several investor groups have already brought claims against Lordstown and its directors, alleging that the electric truck startup misled consumers and investors about its ability to ramp up electric vehicle production.

Persons: Dado, Stephen Burns, Burns, Mary Walrath, David Turetsky, Apple's, Jennifer Madden, Madden, Foxconn, Lordstown, Lordstown's, Julio Rodriguez, Dietrich Knauth, Alexia Garamfalvi, David Evans Organizations: REUTERS, Lordstown Motors, LAS Capital, Lordstown, Hai Precision Industry, LAS, U.S . Department of Transportation, Foxconn, Capital, Thomson Locations: Wilmington , Delaware, Delaware, Taiwan's, Lordstown, Ohio

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