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☆ A CIO at a $2 trillion asset manager says the Magnificent 7 are too expensive, and shares which sectors investors should focus on and which to avoid in 2024
▼ + stars: | 2024-02-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Marco Pirondini, the CIO of Amundi US, shared the same sentiments as his colleague and warned investors about following the crowd this year. In a recent interview with Business Insider, Pirondini emphasized the advantages of adding longer-duration bonds at a time when yields remain near 5%. He noted that the asset class was a great way to ensure steady yields in a complex economic environment. When interest rates were lower, you could justify paying higher multiples. After the stress that banks endured in 2023, they are expected to be the beneficiaries of dropping interest rates, he said.

Persons: Craig Sterling, Marco Pirondini, Pirondini Organizations: Microsoft, Apple, Nvidia, Business, Amundi, NYSE Locations: Japan

☆ Can AI carry on this fashion designer’s legacy?
▼ + stars: | 2024-02-06 | by ( Marc Bain | ) edition.cnn.com time to read: +11 min

A few years back, she began thinking about AI after working on a fashion game tied to a line she designed for Walmart. The tagged imagery is fed into the AI model to train it. “It took us about a month to get it to the right point,” said Cyril Foiret, founder and creative director of Maison Meta. Foiret said they essentially had to develop a mini AI model just for that. Last year, she contacted Maison Meta, which was creating a name for itself through projects like organizing the first AI Fashion Week with Revolve.

Persons: Norma Kamali isn’t, Norma Kamali, Lynn Karlin, ”, “, hasn’t, ” Kamali isn’t, She’s, Hillary Taymour, Julius Juul, Heliot Emil, Laverne Cox, Jennifer Lopez, Kamali, Jamie McCarthy, Helmut Lang, Ann Demeulemeester, Alice Bouleau, Bouleau, Maison Meta, Cyril Foiret, Maison, Iman, Nick Elgar, Corbis, Foiret, they’ve, it’s, ” Kamali, “ I’m, Nima Abbasi, Vivienne Westwood, Francesco Da Vinci, ” Abbasi Organizations: The, Fashion, CNN CNN —, New, Maison Meta, Penske Media, Northwest Airlines, Walmart, NBC, Sterling International, Kamali’s, Maison, Getty, Meta, Designers, CNN Locations: New York

☆ Dollar firms near 3-month high as rate cut bets dwindle
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar was perched near a three-month peak on Tuesday, buoyed by elevated Treasury yields, on growing expectations that the Federal Reserve is unlikely to cut interest rates aggressively this year. The U.S. dollar was perched near a three-month peak on Tuesday, buoyed by elevated Treasury yields, on growing expectations that the Federal Reserve is unlikely to cut interest rates aggressively this year. The string of robust U.S. economic data has quashed any lingering hopes of early and steep interest rate cuts by the Fed, with Fed Chair Jerome Powell and other policymakers also pushing back against the notion. Figures showed that the unemployment rate was likely much lower late last year than previously thought, which could push out rate cuts there, too. The Japanese yen strengthened 0.07% to 148.56 per dollar, hovering around a two-month low of 148.90 it touched on Monday.

Persons: Jerome Powell, Christopher Wong, Michele Bullock, Kristina Clifton Organizations: U.S, Federal, Investor, Reserve Bank of Australia, Investors, Reuters, Commonwealth Bank of Australia Locations: Singapore, Asia

☆ Dollar scales fresh peaks as Fed cut bets recede
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +3 min

"A one-two punch from Jay Powell's FOMC presser and a very strong nonfarm payrolls report have essentially closed the door on a March rate cut," said Chris Weston, head of research at Pepperstone. The Japanese yen was last 0.15% lower at 148.58 per dollar, having hit a trough of 148.82 earlier in the session. Treasury yields also jumped on expectations of higher-for-longer U.S. rates, with the two-year yield, which typically reflects near-term interest rate expectations, last up nearly seven bps at 4.4386%. That did little to help the yuan, with the offshore yuan last marginally lower at 7.2182 per dollar, pressured by a stronger greenback. "So far we've just seen speculation and some media reports talking about further support for the equity market or the property market.

Persons: Jerome Powell's, Jay Powell's FOMC presser, Chris Weston, Powell, Carol Kong, CBA's Organizations: Federal Reserve, New, Traders, Fed, CBS, Sterling, Commonwealth Bank of Australia, Treasury Locations: Buenos Aires, Argentina, New Zealand

☆ Bill Belichick pens heartfelt letter to ‘passionate’ New England Patriots fans
▼ + stars: | 2024-02-05 | by ( Wayne Sterling | ) edition.cnn.com time to read: +2 min

CNN —Former New England Patriots head coach Bill Belichick penned an emotional thank you letter to the “Patriots Nation” in Sunday’s Boston Globe. “Nowhere in America are pro sports fans as passionate as in New England and for 24 years, I was blessed to feel your passion and power,” Belichick wrote. “The Patriots are the only NFL team representing SIX states but in reality, Patriots Nation knows no borders. I loved coaching here and, together, we experienced some amazing moments.”Belichick spent 24 seasons as the Patriots head coach, leaving the team in January. Belichick has 333 total victories (both regular and postseason) – the second most all-time behind Hall of Fame head coach Don Shula’s 347.

Persons: Bill Belichick, ” Belichick, “, Billie Weiss, Jerod Mayo, Belichick, Don Shula’s, Hall, Tom Landry, Raheem Morris Organizations: CNN, Former New England Patriots, “ Patriots, Sunday’s Boston Globe, Patriots, NFL, SIX, Patriots Nation, of Fame, Hall of Fame, Atlanta Falcons, Falcons Locations: Sunday’s, America, New England, Boston

Official figures show that growth is solid, jobs are plentiful and wages are climbing, and yet voters are mostly feeling down and giving President Biden little credit. Friday’s jobs data is adding to that split-screen view, with economists pointing out red flags in an otherwise sterling report. Employers added 353,000 jobs last month, almost double economists’ forecasts, and an additional 100,000 via revisions in previous months. Average hourly wages rose, too. For a start, wintry weather shrank the average workweek to 34.1 hours in January.

Persons: Biden, Bill Adams Organizations: Employers, Comerica Bank Locations: U.S

☆ Dollar poised for weekly decline; US jobs data up next
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: +4 min

The dollar index was last at 103.02 and on track for its first weekly decline for the year. The New Zealand dollar rose 0.07% to $0.6149 and was on track for a weekly rise of nearly 1%, its best performance in over a month. It was poised for a weekly gain of nearly 1.3%, its best week in over a month. That highlighted a growing view within the board that conditions were falling in place to soon pull short-term interest rates out of negative territory, which would be Japan's first interest rate hike since 2007. Data on Thursday showed euro zone inflation eased as expected last month but underlying price pressures fell less than forecast, likely boosting the European Central Bank's argument that rate cuts should not be rushed.

Persons: Jerome Powell, Ray Attrill, Raf Choudhury, BoE, Thierry Wizman Organizations: Federal Reserve, New Zealand, National Australia Bank, Friday's, Analysts, Bank of Japan's, Bank of England, Monetary, European Locations: Abrdn, U.S

☆ T’s Valentine’s Day Gift Guide: Floral Cookware, Scented Matches and More
▼ + stars: | 2024-02-01 | by ( Jamie Sims | Jameson Montgomery | ) www.nytimes.com time to read: +1 min

His routine reminder has become a kind of everyday love language, a small and simple gesture that tells me he cares about my health and well-being. Casa Shop, a home-goods boutique in Richmond, Va., stocks vintage silver pillboxes shaped like candy and strawberries. Tiffany & Co. also offers luxurious sterling silver cases (with the option to personalize them with engraving), as does the Los Angeles-based jewelry designer Sophie Buhai, who fashions hers as a nautilus shell. And Judith Leiber Couture riffs on its signature crystal-clad minaudière handbags with surreal pillboxes disguised as lipsticks, martini glasses and gummy bears. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.

Persons: he’s, I’m, Sophie Buhai, Judith Leiber Couture Organizations: The Locations: Richmond , Va, Los Angeles

☆ Dollar holds firm before Fed rates decision
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: +3 min

On the day, the dollar index was up 0.1% to 103.51, just below Monday's 103.82 which matched last week's seven-week high. The Federal Reserve meanwhile is expected to hold U.S. interest rates steady on Wednesday but flag cuts are coming by dropping language indicating it is weighing further hikes. Interest rate futures price a roughly 43% chance of a Fed rate cut in March, down from 73% at the start of the year. A slowdown in Germany would foreshadow the same in Eurozone numbers due on Thursday and reinforce market expectations that European policymakers could start rate cuts earlier than the ECB has signalled. Expectations of interest rate cuts in China have driven a strong rally in the bond market this month while the yuan has been squeezed by flight from China's crumbling equity markets.

Persons: Jerome, Powell, Dane Cekov Organizations: Bank of Japan, Federal Reserve, Federal, U.S, French EU, ECB, Bank of Locations: U.S, Germany, China

☆ Dollar eyes monthly gain as markets look to Fed
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: +2 min

A Japanese 10,000 yen and a U.S. 100 dollar banknote juxtaposed against each other in Tokyo, Japan, on Monday, June 20, 2016. Later, the Federal Reserve is expected to hold U.S. interest rates steady but flag cuts are coming by dropping language indicating it is weighing further hikes. Interest rate futures price a roughly 43% chance of a Fed rate cut in March, down from 73% at the start of the year. "A 100% probability of a rate cut would point to euro/dollar at $1.1080, while a rate cut that is fully ruled out for March would point the way to euro/dollar at $1.0660," he said. Expectations of interest rate cuts in China have driven a strong rally in the bond market this month while the yuan has been squeezed by flight from China's crumbling equity markets.

Persons: Sterling, Alan Ruskin Organizations: Bank of Japan's, Federal Reserve, New Zealand Locations: U.S, Tokyo, Japan, Asia, China

☆ 5 ways to help boys cultivate friends and combat loneliness
▼ + stars: | 2024-01-30 | by ( Phyllis L. Fagell | ) edition.cnn.com time to read: +10 min

Like Kaden, many boys want to spend time with friends but lack the skills needed to connect. Here are five ways you can help boys form satisfying friendships to combat loneliness and its damaging effects. Do your boys have individual friends and friend groups? Help boys take social risksFor boys who need logistical help, “Say, ‘I want you to text three people,’” said Christopher Pepper, a teacher who coordinates boys’ groups in San Francisco Public Schools. Help boys read social cuesAt Sterling Hall School in Toronto, teachers facilitate community circles to teach boys how to repair friendships and show empathy, said principal Rick Parsons.

Persons: doesn't, CNN — Lori Oberbroeckling, Kaden, “, ’ ”, Oberbroeckling, ”, Ioakim Boutakidis, we’ve, Janice McCabe, She’s, ” McCabe, Mayur, Mitch Prinstein, Prinstein, Dave Keeler, Christopher Pepper, Ryan Wexelblatt, ” Boutakidis, We’re, Andrew Reiner, ” Prinstein, ‘ I’ve, Katie Hurley, Jed Foundation’s, Sameer Hinduja, Hurley, ‘, Daryl Howard, Howard, “ They’re, Rick Parsons, ’, ” Pepper, Reiner, they’re, ” Phyllis L Organizations: CNN, California State University, Fullerton, New York University, Dartmouth College, Getty, American Psychological Association, San Francisco Public Schools, Pew Research Center, Cyberbullying Research, Florida Atlantic University, Technology, Diversity, Cowboys, Sterling Hall School, Chrysalis Group, “ Locations: Phoenix, College, San, Tucson , Arizona, America, Toronto

☆ Dollar keeps tight ranges ahead of Fed, jobs data
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: +3 min

A Chinese 100 yuan banknote, a 1 U.S. dollar bill and a 50 euro banknote are lying on a table. The dollar was steady in the Asian morning, with market participants moving cautiously ahead of the two-day FOMC meeting that kicks off on Tuesday. "I suspect that the FOMC meeting will not be as dovish as current market pricing suggests," said Matt Simpson, senior market analyst at City Index. The data will give another indication of whether the world's largest economy remains strong after the Fed's aggressive hiking campaign. Sterling was last trading at $1.2716, holding firm ahead of the Bank of England's monetary policy meeting this week.

Persons: Jerome Powell, Matt Simpson, hasn't, Sterling, Wei Liang Chang Organizations: U.S . Department of Labor, U.S ., Central Bank, Bank, DBS, Fed Locations: U.S

☆ Why the average Super Bowl ticket already costs nearly $11,000
▼ + stars: | 2024-01-29 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

The Super Bowl in Las Vegas is now set with the Chiefs and 49ers playing for the Lombardi Trophy. According to TicketIQ, a ticket search engine that also conducts ticket market analysis, the cheapest ticket to the Super Bowl as of Monday is $8,872. This is the first time the NFL has hosted the Super Bowl in Las Vegas. Swift will be in Tokyo in the days leading up to the Super Bowl for part of the international leg of her "The Eras Tour" concerts. All these factors have created a perfect storm for the Super Bowl and demand is pushing ticket prices to a place rarely ever seen.

Persons: —, TicketIQ, Jesse Lawrence of TicketIQ, Lawrence, Patrick Mahomes, Travis Kelce, Nick Bosa, George Kittle, Sterling Skye, Brynn Anderson, Raymond James, Robin Alam, Taylor, Swift, Taylor Swift, Patrick Smith, Kelce Organizations: Chiefs, 49ers, Service, Kansas City Chiefs, San Francisco 49ers, Business, NFL, AP, Tampa Bay Buccaneers, Philadelphia Eagles, Getty, AFC, NFC Championship, Super, Super Bowl Locations: Las Vegas, Detroit, Tampa, Tokyo

☆ Dollar steady in cautious start to busy data, Fed week
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: +3 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on December 15, 2023. The dollar started the week on a steady footing as investors took stock of U.S. economic data ahead of the Federal Reserve policy meeting this week, while escalating geopolitical tensions in the Middle East kept risk sentiment in check. But since then, strong economic data and pushback from central bankers have prompted traders to adjust expectations. Beyond the Fed, investors will also watch for a slew of economic data including a U.S. payrolls report that will help gauge the strength of labor market. Elsewhere, the Australian dollar rose 0.21% to $0.659, while the New Zealand dollar gained 0.18% to$0.610.

Persons: Marc Chandler, Chandler, Jerome Powell, Paul Mackel, Sterling, Joe Biden, bitcoin Organizations: Federal Reserve, Fed, Federal, HSBC, Bank of England, U.S, New Zealand Locations: Buenos Aires, Argentina, U.S, Bannockburn, Jordan, Syrian, Iran, Israel

☆ 5 reasons to be unapologetically thrilled about this year’s Oscar nominations
▼ + stars: | 2024-01-28 | by ( Dan Heching | ) edition.cnn.com time to read: +8 min

CNN —The nominations for the 96th Academy Awards were revealed last week and – as they so often do – caused quite a stir. Co-written and directed by Triet, “Anatomy of a Fall” is nominated for five Oscars this year in total, including for best original screenplay and best picture. That gives Williams more Academy Award nominations than any other living person. According to the Academy, the late Walt Disney holds the overall record of career nominations, with a grand total of 59. Still, it seemed to be a role destined for Brooks, who received a Tony Award nomination in 2016 for playing the same character in the Broadway revival of the musical.

Persons: Barbie’s, Greta Gerwig, Margot Robbie, Ryan Gosling, there’s, we’re, Justine Triet, Palme, Sarah Meyssonnier, Triet, Sandra Hüller, Barbie ”, Colman Domingo, Bayard Rustin, Rustin, David Lee, Steven Spielberg’s “, ” Domingo, “ Rustin, ”, Domingo, – Ian McKellen, Jodie Foster, Bonnie Stoll, Anthony Allen Ramos, ” Ramos, ” Cord Jefferson, Cord Jefferson, Claire Folger, Jeffrey Wright, Cord Jefferson’s, Jefferson, he’s, Trayvon Martin, Mike Brown, ’ ”, Percival Everett, Wright, Sterling K, Brown, John Williams, Ray Dolby, Michael Kovac, “ Indiana Jones, ” Williams, Oscar, Williams, Walt Disney, Danielle Brooks, Eli Ade ´, ” Brooks, Oprah Winfrey, Spielberg, Alice Walker, Brooks, “, Corey Hawkins, Harpo Organizations: CNN, Cannes Film, Reuters, “, Netflix, Orion, Jefferson, Hollywood & Highland Center, Academy of Motion Picture Arts and Sciences, Academy, Warner Bros, Entertainment Inc, Broadway, Juilliard Locations: Cannes, France, German, Steven Spielberg’s “ Lincoln, “ Nyad, Hollywood, Sofia, New York City

☆ Republican presidential candidate Nikki Haley targeted in swatting incident
▼ + stars: | 2024-01-27 | by ( ) www.cnbc.com time to read: +6 min

"It was determined to be a hoax ... Nikki Haley is not on the island and her son is with her." Law enforcement agencies have not publicly identified a suspect in the Haley case or in other high-profile swatting cases. Reuters has documented at least 27 swatting incidents of politicians, prosecutors, election officials and judges since November 2023, ranging from Georgia Republican state officials to hoaxes this month against Democrat Joe Biden's residence at the White House. Senator Rick Scott on Dec. 27, weeks after he endorsed Trump, according to records from the Naples Police Department. A caller identifying himself as "Jamal" also targeted Georgia Republican state senator John Albers on Dec. 26, according to an incident report from the Roswell Police Department.

Persons: Nikki Haley, Donald Trump, Trump, State Shenna Bellows, Marjorie Taylor Greene, swatting, Haley, Craig Harris, Kiawah, Harris, Joe Biden's, Jamal, Rick Scott, Scott wasn't, John Albers, State Jay Ashcroft, Ashcroft, Scott, Albers, Gabriel Sterling, Sterling Organizations: Grappone, Authorities, South, Republican, Reuters, State, Trump, Federal Bureau of Investigation, FBI, Georgia Republican, White, Republican U.S, Naples Police Department, Police Department, Roswell Police Department, Missouri, Jefferson City Police Department, Atlanta Locations: Concord , New Hampshire, South Carolina, U.S, Maine, Kiawah, South Carolina's, Iowa, New Hampshire, Georgia, Florida, Naples, Missouri

SANTA CLARA, Calif. (AP) — Few people proselytize about the importance of tight ends more than San Francisco's George Kittle. So Kittle showed no surprise about the fact that the four teams playing on championship weekend all rely heavily on the tight end in the passing game. "Tight ends give you the ability to mismatch whether it's on linebackers or safeties. “I’ve got a lot of respect for the way he plays the game, man,” said Lions coach Dan Campbell, a former NFL tight end. The second-round pick set a rookie playoff record for tight ends with nine catches last week and his 86 for the season also were the most ever for a rookie tight end.

Persons: Francisco's George Kittle, Kittle, ”, it's, Travis Kelce, Sam LaPorta —, Mark Andrews, Isaiah, ” Kittle, Christian McCaffrey, Deebo Samuel, Brandon Aiyuk, “ I’ve, Dan Campbell, LaPorta, “, Coach Campbell, Kelce, Taylor Swift, Jerry Rice, Patrick Mahomes, Andy Reid, ” Reid, Andrews, Lamar Jackson's, ” Campbell, Larry Lage, Dave Skretta, Noah Trister, ___ Organizations: NFL, Kansas City, Lions, AFC, Ravens, AP Sports Locations: SANTA CLARA, Calif, Kansas, Francisco, Iowa

NEW YORK (AP) — Comedian Jon Stewart is rewinding the clock, returning to “The Daily Show” as a weekly host and executive producing through the 2024 U.S. elections cycle. Comedy Central on Wednesday said Stewart will host the topical TV show, the perch he ruled for 16 years starting in 1999, every Monday starting Feb. 12. Two former correspondents in particular got massive boosts — Steve Carell and Stephen Colbert. '”The show's abrupt end was reportedly triggered due to clashes between Stewart and Apple over its coverage of stories around China and artificial intelligence. A spokesperson did not immediately respond to questions about who will host “The Daily Show” after the November election.

Persons: Jon Stewart, Stewart, “ Jon Stewart, ” Chris McCarthy, Jon, Craig Kilborn, Trevor Noah —, Noah, Desi Lydic, Michael Kosta, Ronny Chieng, Jordan Klepper, Stewart didn't, untethered, ”, “, I’m, ’ ”, John Oliver, Larry Wilmore, Olivia Munn, Samantha Bee, Roy Wood Jr, Aasif Mandvi, Kennedy, Mark Twain, Steve Carell, Stephen Colbert, Carell, Ron Burgundy, ” Colbert, ___ Mark Kennedy Organizations: Central, Showtime, MTV Entertainment Studios, Strike Force, Hollywood, Guardian, CBS, Apple, Los Angeles Times Locations: China

☆ Dollar hovers near 6-week high on Fed view; yen edges up after BOJ
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: +4 min

The Japanese yen , though, ticked higher as expectations rose for a stimulus exit as soon as March, following hawkish comments from the Bank of Japan on Tuesday. "We have seen ECB (European Central Bank) officials push back on rate cut expectations as well, in line with the Federal Reserve." The dollar declined 0.17% to 148.085 yen, after swinging from as low as 146.99 and as high as 148.70 on Tuesday. The Bank of Canada meets on policy on Wednesday, and is expected to leave its key overnight rate unchanged at a 22-year high of 5%. Traders have unwound bullish positions built up in anticipation of U.S. approval of the country's first spot bitcoin exchange traded fund (ETF).

Persons: Mary Daly, Christopher Waller, James Kniveton, Christine Lagarde's, Sterling, Kazuo Ueda, China's, cryptocurrency, Bitcoin Organizations: Federal Reserve, Bank of Japan, U.S, San Francisco Fed, ECB, European Central Bank, Bank of England, Bank of Canada, Bloomberg, Traders Locations: U.S

☆ Swatting Is a Political Problem - The New York Times
▼ + stars: | 2024-01-23 | by ( Barbara Mcquade | ) www.nytimes.com time to read: +3 min

In a year with so much political and legal tension, law enforcement is seeing a disturbing trend: targeting public officials with swatting, or false emergency calls intended to draw a heavily armed police response. Recent incidents involving officials who have taken stands seen as hostile to Donald Trump and bomb threats in multiple state capitols are signs of a troubling escalation in political violence. In addition, swatting diverts law enforcement resources from real emergencies. But more insidiously, these tactics are tools of intimidation, designed to silence voices in the political process. The frequency and visibility of these incidents suggest that swatting and political violence require prosecutors to prioritize their efforts to stop it.

Persons: Donald Trump, swatting, Tanya S, Chutkan, Trump, Jack Smith, ”, Gabriel Sterling, Trump’s, Arthur Engoron, Shenna Bellows, isn’t, Michigan’s, Gretchen Whitmer Organizations: Republican, ” Locations: Kansas, Georgia, York, New Jersey

☆ Here’s how to squeeze a little more juice out of these tax-advantaged yields
▼ + stars: | 2024-01-23 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Indeed, investors get paid for taking a small step down in credit quality in the muni bond space. What's even sweeter is that municipal bond income is generally exempt from federal income tax. This also means high income investors would have to scoop up a higher yielding corporate bond to get the same tax-advantaged yield a muni bond would generate. A measured amount of risk Munis offer lower yields compared to their corporate counterparts, but they also carry significantly less risk. Lower risk, however, doesn't necessarily mean risk free.

Persons: Jennifer Johnston, Franklin Templeton, Lyle Fitterer, munis, corporates, Cooper Howard, Jonathan Mondillo, Franklin Templeton's Johnston Organizations: Federal Reserve, Franklin, AAA, muni, Strategic Municipal Bond Fund, York Life Investments, Moody's Investors Service, Charitable, Schwab Center, Financial Research Locations: muni, Abrdn

ATLANTA (AP) — An attempt to state that Georgia's appointed State Election Board has the legal power to investigate Republican Secretary of State Brad Raffensperger's handling of elections blossomed into a constitutional showdown Tuesday, with a lawyer for Raffensperger saying board members can't legally oversee him. “We’re looking to empower the State Election Board so that they can have oversight responsibility and that there’s no confusion about where that oversight responsibility is vested,” said Ethics Committee Chairman Max Burns, a Sylvania Republican. Activists have been pushing the State Election Board to investigate whether Raffensperger mishandled his audit of Fulton County's 2020 results, motivated by unproven claims of fraud. The board deadlocked 2-2 in December on whether it had such authority, and two board members asked lawmakers to clarify the law. Supporters said they can go forward because most of Raffensperger's election responsibilities are outlined in state law, not the Georgia Constitution.

Persons: Brad Raffensperger's, Charlene McGowan, Raffensperger's, Bill, ”, Max Burns, It's, Joe Biden, Donald Trump, Trump, Raffensperger, Fulton, it's, “, Steve Gooch, ” McGowan, Lawmakers, Gabriel Sterling, Sterling, John LaHood, LaHood, Jon Burns, let’s, ” Sen Brandon Beach Organizations: ATLANTA, Republican, Raffensperger, Board, Sylvania Republican, Democratic, Georgia, Georgia General Assembly, Governmental, Valdosta Republican Locations: Georgia, Valdosta

But Greta Gerwig not being among the five best director nominees for this year’s Oscars is one of the biggest shocks in recent memory. Here are some other major “snubs” and “surprises” from Oscar nomination morning. Gerwig was previously nominated for best director for “Lady Bird,” and missing out for “Little Woman” was even a snub. “The Super Mario Bros.” movie, the second highest grossing film of the year was completely shut out from nominations including animation. ‘SALTBURN’ GOES DOWN THE DRAINListen, we didn’t really think that Emerald Fennell’s “Saltburn” would make a big splash nominations morning, but it had been trending that way based on its popularity on Prime Video over the holidays.

Persons: Barbie, Greta Gerwig, ”, Oscar, GRETA GERWIG, Gerwig, “ Barbie, Lady Bird, Justine Triet, James Cameron, Joseph Kosinski, Ava DuVernay, Aunjanue Ellis, Isabel Wilkerson, It’s, —, Gina Prince, Bythewood’s, DuVernay’s, Selma ”, Halle Berry, Barrino, CHARLES MELTON, Charles Melton’s, Sterling K, Brown, ” “, Samy Burch, MARGOT ROBBIE OUT, Margot Robbie, America Ferrera, Robbie, DIANE WARREN, BARBIE, Diane Warren, Warren, Barbie ”, “, Ken ”, ” Oscar, Aki Kaurismäki’s, ’, Celine, Greta Lee's, Mario, Princess Peach, Anderson, Pedro Almodóvar, Pedro Pascal, Ethan Hawke, Wes Anderson, Roald Dahl, Henry Sugar, ‘, Sophie Ellis Organizations: “, ACADEMY, Sterling, AMERICA, MARIO Locations: LIPA, France, Cannes, U.S

☆ Dollar headed for second weekly gain on tempered rates outlook
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: +3 min

Dollar bills and Japanese currency Yen lying on a table on August 03, 2016 in Berlin, Germany. The dollar headed for a second weekly gain in a row on Friday on signs of resilience in the U.S. economy and caution about rate cuts from central bankers. Weekly gains on the risk-sensitive Australian and New Zealand dollars of 1.7% and 2.1% are set to be the largest since November and June respectively. Rabobank revised its one-month forecast for dollar/yen to 148 from 144, expecting further unwinding of bets on the pace of U.S. rate cuts to support the dollar. An unexpected rise in British inflation also drove a sharp pullback in bets on Bank of England interest rate cuts, and leant support to sterling.

Persons: Jane Foley, Christopher Waller, Bitcoin Organizations: New, Bank of Japan, Rabobank, Federal, Bank of Locations: Berlin, Germany, U.S, New Zealand, Asia, Europe, Bank of England

☆ Dollar holds near one-month peak as dovish Fed bets recede
▼ + stars: | 2024-01-18 | by ( ) www.cnbc.com time to read: +2 min

The dollar held close to a one-month peak versus major peers on Thursday after robust U.S. retail sales data overnight added to building expectations the Federal Reserve will not rush to lower interest rates. Australia's dollar weakened after data showed an unexpected decline in employment. Traders have trimmed the odds of a first Fed rate cut by March to 53.8%, down from 63.1% on Tuesday, according to CME's FedWatch Tool. ECB President Christine Lagarde told Bloomberg there would likely be majority support among ECB officials for an interest rate cut in the summer, although she stressed they would be data-dependent. Elsewhere, the Australian dollar weakened after data showed a 65,100 drop in jobs for December, where economists had forecast a 17,600 increase.

Persons: CME's, Christopher Waller, Tony Sycamore, Sycamore, Christine Lagarde, Sterling Organizations: Reserve, U.S, hawkish Bank, Japan, Traders, IG, Bloomberg, Bank of England, British, greenback Locations: Japan

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