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☆ Long-serving US Democratic Senator Dianne Feinstein dead at 90
▼ + stars: | 2023-09-29 | by ( Will Dunham | ) www.reuters.com time to read: +7 min

Feinstein was a Washington trailblazer who, among other accomplishments, became the first woman to head the influential Senate Intelligence Committee. Feinstein joined the Senate in 1992 after winning a special election and was reelected five times, including in 2018, along the way becoming the longest-serving woman senator ever. Health issues slowed Feinstein late in her career, when she was the oldest senator at the time. She ran for governor in 1990, winning the Democratic primary but losing to Republican Pete Wilson in the general election. Feinstein then ran in 1992 for the Senate seat that Wilson had previously held, easily defeating the Republican appointed to the seat.

Persons: Sen, Dianne Feinstein, William Barr, Department's, Feinstein, Dianne, Francisco’s, Nancy Pelosi, Pelosi, George Moscone, Harvey Milk, Milk, Dan White, Ramsay Hunt, al, Osama Bin Laden, John McCain of, Edward Snowden, Republican George W, Bush's, Lindsey Graham, Donald Trump's, Amy Coney Barrett, Trump, Joe Biden's, She, Francisco's, Republican Pete Wilson, Wilson, Feinstein's, Bertram Feinstein, Richard Blum, Will Dunham, Susan Heavey, Scott Malone, Diane Craft, Jonathan Oatis Organizations: Committee, Democratic U.S, Washington trailblazer, Intelligence, Senate, U.S, Francisco's, of Supervisors, Moscone, Republicans, Health, Republican, CIA, AMERICA, National Security Agency, NSA, Capitol, Stanford University, San, Supervisors, Democratic, Thomson Locations: Washington , U.S, WASHINGTON, California, Washington, San Francisco County, Connecticut, United States, al Qaeda, Pakistan, John McCain of Arizona, Vietnam, America, Iraq, San Francisco

☆ Republicans sure don't sound like they're about to block Democrats from filling Dianne Feinstein's Judiciary Committee seat
▼ + stars: | 2023-09-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Dianne Feinstein's seat on the Judiciary committee is now empty in the wake of her death. AdvertisementAdvertisementIn the wake of Sen. Dianne Feinstein's death, questions are swirling over how the California Democrat's now-empty seat on the Senate Judiciary Committee will be filled. In order to change the membership of any Senate committee, the chamber has to pass a resolution to make that change official. Senate Majority Leader Chuck Schumer can do so via a simple voice vote if no Republicans object to the change. Sen. JD Vance of Ohio said it was up to Republicans on the Judiciary Committee and that he would "probably support" whatever decision they made.

Persons: Dianne Feinstein's, —, Sen, Joe Biden's, Josh Hawley, Chuck Schumer, Republican Sen, Ron Johnson, Johnson, Marco Rubio, Ted Cruz, Mike Braun, JD Vance, Ohio, Todd Young, Rand Paul of Kentucky, Paul, Ben Cardin, Bob Menendez, Feinstein, Mitch McConnell, Sheldon Whitehouse, Whitehouse, Hawley, I'm, She's Organizations: Service, Republicans, Democratic, GOP, Republican, Indiana, Committee, Senate Foreign Relations, Bob Menendez of New, Judiciary, Twitter, Democrats Locations: California, Josh Hawley of Missouri, Ron Johnson of Wisconsin, Marco Rubio of Florida, Ted Cruz of Texas, Ben Cardin of Maryland, Bob Menendez of, Bob Menendez of New Jersey, Rhode

☆ Dianne Feinstein, California’s longest-serving senator, dies at 90
▼ + stars: | 2023-09-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

watch nowU.S. Sen. Dianne Feinstein of California has died at age 90, her office confirmed Friday. Senator Feinstein was a force of nature who made an incredible impact on our country and her home state," her chief of staff James Sauls said in a statement. Sen. Dianne Feinstein, D-Calif., in the Senate subway on Capitol Hill in Washington, D.C., May 11, 2022. "There is simply nobody who possessed the poise, gravitas, and fierceness of Dianne Feinstein." American politician Dianne Feinstein, her arms outstretched in celebration, in her office after she was elected mayor of San Francisco, at San Francisco City Hall in San Francisco, California, circa 1978.

Persons: Sen, Dianne Feinstein, Feinstein, James Sauls, Gavin Newsom, Barbara Lee, Katie Porter, Adam Schiff, Kent Nishimura, Newsom, Jennifer, Chuck Schumer, Nancy Pelosi, Pelosi, Joe Biden, Dianne, Jill, Biden, George Moscone, Harvey Milk, Dan White, Francisco's, John O'Hara, Weeks, Barbara Boxer, Bill Clinton, George W, Bush, Nick Allen Organizations: California, Democrat, Senate, Gov, Washington , D.C, Los Angeles Times, Getty, San, Supervisors, CNN, San Francisco Chronicle, U.S . Senate, Democratic, San Francisco City Hall Locations: California, Washington ,, San Francisco, San Francisco's, American, San Francisco , California

Underwood Archives/Getty Images Feinstein gets her makeup touched up for a photo shoot in San Francisco in 1955. Bettmann Archive/Getty Images Feinstein attends a campaign event for her mayoral run in San Francisco in 1971. Clem Albers/San Francisco Chronicle/Getty Images Feinstein attends a memorial service for assassinated Supervisor Harvey Milk in San Francisco in 1978. Roger Ressmeyer/CORBIS/VCG/Getty Images Feinstein speaks at the signing of an anti-gun bill at San Francisco City Hall in 1982. Douglas Graham/CQ Roll Call/Getty Images Feinstein greets first lady Hillary Clinton at the 2000 Democratic National Convention in Los Angeles.

Persons: Washington CNN — Dianne Feinstein, Feinstein, Gavin Newsom, Newsom, NBC’s “, ”, Feinstein’s, Ramsay Hunt, I’m, “, ” Feinstein, Lindsey Graham, Amy Coney Barrett, Leah Millis, Nancy Pelosi, Democratic Sen, Dick Durbin, Kevin McCarthy, Chuck Schumer, “ Dianne Feinstein, ” Schumer, Sen, Dianne Feinstein, Joe Biden, Celeste Sloman, Dianne Emiel Goldman, George Moscone, Harvey Milk, Duke Downey, Clem Albers, Janet Fries, Quentin Kopp, Sal Veder, Richard Blum, Walter Mondale, Georges, Roger Ressmeyer, Steve Ringman, Tony Bennett, Jeff Reinking, Neal Ulevich, Bishop Desmond Tutu, Eric Risberg, Willie Brown, Cecil Williams, Dr, Martin Luther King Jr, Paul Sakuma, Kim Komenich, Mark Reinstein, Barbara Boxer, Alan Greth, Ruth Bader Ginsburg, Carol Moseley, Braun, Doug Mills, Charles Tasnadi, Kathleen Brown, Bill Clinton, Dirck Halstead, Lisa Leslie, Gigi Goshko, Douglas Graham, Hillary Clinton, Clinton, Paul J, Richards, Orrin Hatch, Patrick J, Leahy, William H, Pryor Jr, Scott J, Ferrell, Arnold Schwarzenegger, Schwarzenegger, Tim Sloan, Rick Friedman, Condoleezza Rice, George W, Bush, Colin Powell, Chuck Kennedy, John Roberts, Mark Wilson, Eileen Mariano, Mariano, interning, Tom Williams, Carson, Jay L, Barack Obama, Ralf, Finn Hestoft, Hina Rabbani Khar, Brendan Smialowski, Jacquelyn Martin, AP Sen, Chuck Grassley, Christine Blasey Ford, Brett M, Kavanaugh, Ford, Donald Trump, Chip Somodevilla, Barrett, Bonnie Cash, Graham, Samuel Corum, Jonathan Ernst, Simone Biles, Larry Nassar, Aly Raisman, Maggie Nichols, McKayla Maroney, Bob Dole, Oliver Contreras, Kent Nishimura, Kevin Dietsch, Dianne Feinstein's, Moscone, Milk, CNN’s Dana Bash, Dan White, ‘ Dan, ’, Harvey, California’s, Bash, Richard Blumenthal, Bill Clark, Annette Bening, Donald Trump’s, South Carolina Republican Lindsey Graham’s Organizations: Washington CNN, Senate, California Democratic, Democratic, Press, Democrats, Democratic Party, Capitol, Senate Intelligence, California Democrat, Capitol Hill, CNN, Golden State ”, Illinois, Republican, New York Times, Underwood Archives, Getty, San Francisco City Hall, San Francisco, of Supervisors, Bettmann, San Francisco Chronicle, San Francisco Ice Company, White, Steiner, Forbidden, Democratic National Convention, United States Senate, United, United States women's, team, Convention, Washington Post, Circuit, Images California, McClatchy, Tribune, Service, Supreme, California, Rancho, Pakistan's, AP, Committee, White House, Los Angeles Times, Stanford University, San, Supervisors, Administration Committee, federal, Inc, South Carolina Republican, Judiciary, Intelligence, Appropriations Locations: Washington, California, San Francisco, America, ” San Francisco, Washington , DC, DC, Forbidden City, Beijing, China, Feinstein , California, Los Angeles, United States, New York, AFP, Boston, Rancho Bernardo, San Diego, San Francisco , California, Maryland, San Francisco County, Richard Blumenthal of Connecticut

Sen. Dianne Feinstein, whose trailblazing career embodied the rise of women in politics, the movement for gun safety and, finally, a determination to keep serving her California constituents despite illness and advancing age, has died. In the past two years, it was apparent Feinstein was having memory issues, and sometimes appeared befuddled on Capitol Hill. Tributes from lawmakers in both parties flowed Friday morning, as somber Senate lawmakers mourned the loss of their colleague. Rep. Nancy Pelosi, California Democrat and House speaker emeritus, sat in the Senate gallery, listening to the tearful tributes with Feinstein's daughter, Katherine. Sen. Lisa Murkowski, Alaska Republican, lauded "the beauty of Dianne Feinstein" and chastised those who pressured Feinstein to step down, not appreciating the sacrifices the ailing California lawmaker made to serve her state.

Persons: Sen, Dianne Feinstein, Feinstein, Chuck Schumer, Nancy Pelosi, Feinstein's, Katherine, Republican Sen, Susan Collins of, Collins, Lisa Murkowski, Murkowski, Patty Murray, Murray, Joe Biden, Dianne, –, Biden, Jill, ”, George Moscone, Harvey Milk, Dan White, Anita Hill, Clarence Thomas, Thomas, Barbara Boxer, GOP Sen, Pete Wilson, Feinstein –, Ted Cruz, I've, Sandy Hook, John McCain, Barack Obama, Gavin Newsom Organizations: Capitol, demurred, New, New York Democrat, California Democrat, Republican, Alaska Republican, Washington Democrat, San Francisco City Hall, San Francisco, California, GOP, Democratic, CIA, Gov, Democrat, California Democrats, Democrats Locations: California, New York, Susan Collins of Maine, Alaska, Washington, San Francisco, San, Delaware, Ted Cruz of Texas, –, Connecticut, Iraq

☆ Dianne Feinstein's historic senate career and accomplishments in photos
▼ + stars: | 2023-09-29 | by ( Talia Lakritz | ) www.businessinsider.com time to read: 1 min

Dianne Feinstein was elected to the Senate in 1992, which became known as the "Year of the Woman." Dianne Feinstein speaks at the Democratic National Convention in 1992. Mark Reinstein/Corbis via Getty ImagesFeinstein previously served as the first female chair of the San Francisco Board of Supervisors and the first female mayor of San Francisco. Feinstein and Barbara Boxer became California's senators, making it the first state to be represented in the Senate by two women. They were joined by Patty Murray and Carol Moseley Braun, who was the first Black woman elected to the Senate.

Persons: Dianne Feinstein, Mark Reinstein, Getty Images Feinstein, Anita Hill, Clarence Thomas, " Feinstein, Barbara Boxer, Patty Murray, Carol Moseley Braun Organizations: Senate, Democratic National Convention, Getty Images, San Francisco, Supervisors, Supreme Locations: San Francisco

☆ Dianne Feinstein is dead. Here's what happens next, and what it means for Democrats.
▼ + stars: | 2023-09-29 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Sen. Dianne Feinstein's death will temporarily narrow Senate Democrats' razor-thin majority. Democratic Rep. Barbara Lee, a trailblazing Black lawmaker who's running to replace Feinstein, has expressed frustration over this limitation. Before Newsome qualified his vow, Lee was widely viewed as a leading candidate to replace Feinstein. Senate Democrats' majority is going to narrow temporarilyDemocrats now hold an effective 50-49 majority, including the three independent senators that caucus with them. AdvertisementAdvertisementFeinstein also leaves seats open on powerful committeesAs one of the most senior Democrats, Feinstein held seats on the powerful Senate Judiciary and Intelligence committees.

Persons: Sen, Dianne Feinstein's, California's Gavin Newsom, Newsom, —, Dianne Feinstein, Gavin Newsom, Kamala Harris, Barbara Lee, who's, Feinstein, Newsome, Lee, Alex Padilla, Harris, It's, he's, Chuck Schumer, Joe Biden's, Chuck Grassley, Biden, Ketanji Brown Jackson, Schumer, Adam Schiff, Katie Porter, Schiff, Trump's, Porter, Elizabeth Warren, Trump, James Bradley, Steve Garvey Organizations: Democrats, Service, Democratic, Judiciary, Intelligence, Senate, House Intelligence, Republican, GOP, Los Angeles Dodgers Locations: California, Iowa

☆ Reaction to Democratic U.S. Senator Feinstein's death
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +4 min

Senator Dianne Feinstein (D-CA) (C) talks to reporters as she walks to the Senate floor on Capitol Hill, in Washington December 9, 2014. Senator Dianne Feinstein, a California Democrat, has died at 90, a source familiar with the news said on Friday, although Feinstein's office did not immediately respond to a request for comment. U.S. REPRESENTATIVE JUDY CHU, a California Democrat, on X:"Senator Feinstein was a trailblazer, a proud Californian, and a legislative titan. HILLARY CLINTON, former U.S. senator, secretary of state and Democratic presidential nominee, on X:"I'm deeply saddened by the passing of Dianne Feinstein. SENATOR TIM SCOTT, a South Carolina Republican and 2020 presidential candidate, on X:"Saddened to learn of Senator Feinstein’s passing.

Persons: Dianne Feinstein, KATIE PORTER, Feinstein, JUDY CHU, HILLARY CLINTON, CHRIS MURPHY, Dianne, CHUCK GRASSLEY, Sen Feinstein, I’ll, TIM, Feinstein’s, MARCO RUBIO, MARK WARNER, Sen, KIRSTEN GILLIBRAND, CLAIRE MCCASKELL, Makini Brice, David Morgan, Jasper Ward, Susan Heavey, Jan Harvey 私 Organizations: CIA, California Democrat, trailblazer, Democratic, U.S, Connecticut Democrat, Iowa Republican, ppl, TIM SCOTT, South Carolina Republican, Florida Republican, Virginia Democrat, New, New York Democrat, Senate, Democratic U.S, MSNBC Locations: Washington, 読む WASHINGTON, California, U.S, Connecticut, Newtown, Iowa, Florida, Virginia, New York, Missouri

☆ Right again, Einstein! Study shows how antimatter responds to gravity
▼ + stars: | 2023-09-27 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

Antimatter is the enigmatic twin of ordinary matter, possessing the same mass but with an opposite electrical charge. Under current theory, the Big Bang explosion that initiated the universe should have produced equal amounts of matter and antimatter. However, antimatter can be synthesized under controlled conditions, as in the ALPHA experiment, which used antihydrogen created at CERN. "The nearly complete absence of naturally occurring antimatter is one of the great questions facing physics," Wurtele said. "No matter how pretty the theory, physics is an experimental science," Fajans said.

Persons: Jonathan Wurtele, Joel Fajans, Wurtele, Einstein, William Bertsche, Bertsche, Fajans, Will Dunham, Rosalba O'Brien Organizations: European Center for Nuclear Research, CERN, Enterprise, University of California, ALPHA, UC Berkeley, University of Manchester, Thomson Locations: Geneva, Switzerland, Berkeley, England, Washington

☆ Insider Today: Finance's next generation
▼ + stars: | 2023-09-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

This post originally appeared in the Insider Today newsletter. Tech: An Amazon exec told employees the tech giant's RTO plans could take up to three years. An Amazon exec told employees the tech giant's RTO plans could take up to three years. Insider is again highlighting some of the brightest young minds in finance with our annual list of Wall Street's rising stars. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, Harrison, Alyssa Powell, Michelle Abrego, Luna McKeon, Michael Dunn Goekjian, Anne, Victoire Auriault, Goldman Sachs, Jack Dillon didn't, Thom Browne, Dillon, Patrick McGoldrick, Pat, Liu Jie, That'll, Jeffrey Epstein, Jes Staley, Epstein, Bill Tompkins, Donald Trump, it's, Austin Harris, Chris Pizzello, Ron DeSantis, Mike Pence, Vivek Ramaswamy, Mark Zuckerberg, Lil Wayne, Avril Lavigne, Jenna Ortega, Gwyneth Paltrow, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Amazon, Jack Dillon didn't nab, Vista Equity Partners, New England Patriots, Morgan Asset Management, Getty, Verizon, JPMorgan, US Virgin Islands, SVP, Microsoft, FTC, Federal Trade Commission, AP, Fox Business, Florida Gov, Meta, Publishing Locations: Xinhua, Delta, Northern California, San Francisco, Florida, New York City, San Diego, London, New York

JPMorgan did not admit any wrongdoing in the settlement, which will give $55 million to Virgin Islands charities and the American territory's anti-trafficking efforts. The remaining $20 million will cover attorneys' fees incurred by the Virgin Islands as part of the litigation in federal court in New York. The Virgin Islands said the deal "includes several substantial commitments by JPMorgan Chase to identify, report, and cut off support for potential human trafficking, including establishing and implementing comprehensive policies and procedures." Virgin Islands Attorney General Ariel Smith said the agreement settles what was the first enforcement action against a bank for facilitating and profiting from human trafficking. The Virgin Islands previously obtained a $105 million settlement from Epstein's estate, and another $62.5 million from billionaire investor Leon Black to resolve potential claims related to Epstein.

Persons: JPMorgan Chase, Jeffrey Epstein, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Jes Staley, Epstein, Staley, Ariel Smith, Smith, Boies Schiller Flexner, Stephanie Keith, Leon Black, Jamie Dimon, Jed Rakoff, Virgin Organizations: JPMorgan, U.S . Virgin, Virgin Islands, Virgin, Barclays Plc, Bloomberg, Getty Images Bloomberg, Getty, Treasury Department Locations: New York, New York City, U.S, Manhattan, Virgin, Epstein's, Florida

NEW YORK (AP) — JPMorgan Chase agreed Tuesday to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein. JPMorgan said that $55 million of the settlement will go toward local charities and assistance for victims. The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation has revealed that the financial services giant enabled Epstein’s recruiters to pay victims and was “indispensable to the operation and concealment of the Epstein trafficking enterprise." JPMorgan sued Staley earlier this year, alleging that he covered up or minimized Epstein's wrongdoing in order to maintain the lucrative account. JPMorgan had already agreed to pay $290 million in June in a class-action lawsuit that involved victims of Epstein's trafficking crimes.

Persons: JPMorgan Chase, Jeffrey Epstein, Epstein, James “ Jes ” Staley, Staley, Dánica Coto Organizations: JPMorgan, U.S . Virgin, Virgin, ___ Associated Press Locations: U.S, San Juan , Puerto Rico

☆ JPMorgan will pay $75 million to settle US Virgin Islands Jeffrey Epstein sex-trafficking claims
▼ + stars: | 2023-09-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

JPMorgan is paying $75 million to settle a lawsuit from the US Virgin Islands over links with Jeffrey Epstein. JPMorgan is still pointing fingers at the US Virgin Islands, saying the funds will be used to shore up its law enforcement. AdvertisementAdvertisementJPMorgan Chase has agreed to pay $75 million to settle a civil lawsuit from the US Virgin Islands over claims that it facilitated Jeffrey Epstein's sex trafficking operation. The funds come on top of the $290 million JPMorgan Chase has already agreed to settle a separate class-action lawsuit brought by Epstein victims, to fund a compensation program. Epstein owned two islands in the US Virgin Islands, which were sold by his estate earlier this year to billionaire Stephen Deckoff for $60 million.

Persons: Jeffrey Epstein, Jes Staley, —, Chase, Jeffrey Epstein's, Motley, JPMorgan Chase, Epstein, Staley, Stephen Deckoff, Denise George, Ariel M, Smith, Patricia Wexler, Wexler, Ghislaine Maxwell Organizations: JPMorgan, US Virgin Islands, Service, US, Islands, Motley Rice LLC, Barclays, Virgin, Virgin Islands, Department, Justice, Deutsche Bank Locations: Virgin, Manhattan

☆ JPMorgan pays US Virgin Islands $75 million to settle lawsuit alleging the bank aided Jeffrey Epstein's sex trafficking
▼ + stars: | 2023-09-26 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +2 min

New York CNN —JPMorgan Chase has reached a settlement with the US Virgin Islands over a lawsuit alleging the bank enabled Jeffrey Epstein’s sex-trafficking crimes. The settlement includes “significant commitments” by JPMorgan Chase to curtail human trafficking, and a $75 million payment to the US Virgin Islands. Epstein was arrested in 2019 on federal charges of sex trafficking dozens of underage girls. The bank said that $30 million of the settlement will help support charitable organizations working to end human trafficking and to support survivors. Another $25 million will be paid to the USVI to enhance infrastructure and bolster law enforcement.

Persons: JPMorgan Chase, Jeffrey Epstein’s, Epstein’s, Epstein, James “ Jes ” Staley Organizations: New, New York CNN, JPMorgan, US Virgin Islands, Virgin Islands, JPMorgan Chase, of Locations: New York, Virgin, Southern, of New York, Palm Beach

☆ The crypto industry is not dead yet. BlackRock is about to revive it, says Bernstein
▼ + stars: | 2023-09-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

If you think crypto is dead, think again, says Bernstein's digital assets analyst. However, Bernstein says the crypto industry is alive and well — even if the price isn't reflecting that. Circuit sided with crypto investment giant Grayscale against the SEC, which had denied the company's application to convert its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. BlackRock , Fidelity , Franklin Templeton and Invesco are among the largest names attempting to launch bitcoin ETFs. There are applications for eight bitcoin ETFs, three ether ETFs and 15 ether futures ETFs.

Persons: Bernstein, Crypto, Gautam Chhugani, Joe, Franklin Templeton, Chhugani, — CNBC's Michael Bloom Organizations: Blackrock, U.S . Securities, Exchange, U.S, Appeals, SEC, Fidelity, Visa, PayPal Locations: BlackRock

JPMorgan said its $75 million settlement with the USVI includes $30 million to support charitable organizations, $25 million to strengthen law enforcement to combat human trafficking, and $20 million for attorney's fees. Epstein died in August 2019 in a Manhattan jail cell while awaiting trial for sex trafficking. INTERNAL WARNINGSIn July, USVI said it wanted JPMorgan to pay at least $190 million, including a $150 million civil fine, and possibly much more to resolve the lawsuit. Deutsche Bank (DBKGn.DE), where Epstein was a client from 2013 to 2018, in May reached a $75 million settlement with women who said Epstein sexually abused them. Staley has expressed regret for his friendship with Epstein and denied knowing about his sex trafficking.

Persons: Caitlin Ochs, JPMorgan Chase, Jes Staley, Jeffrey Epstein, Epstein, Staley, Ariel Smith, USVI, JPMorgan, Jamie Dimon, Dimon, Nupur Anand, Lananh Nguyen, Jonathan Stempel, Muralikumar Anantharaman, Daniel Wallis 私 Organizations: JPMorgan Chase Bank, REUTERS, JPMorgan, U.S . Virgin, Deutsche Bank, Barclays Locations: New York City, U.S, Manhattan, York, New York

☆ Bernstein says investors should take profits in pricey tech stocks such as Nvidia and these others
▼ + stars: | 2023-09-25 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Megacap technology stocks have led most of the 2023 market rally, and it might be time to take some chips off the table, according to one of Wall Street's top technology analysts. Bernstein's Toni Sacconaghi is advising clients to look to take profits on this year's leaders opportunistically. Sacconaghi is rated consistently as the No.1 analyst on IT hardware and electronics manufacturing services by Institutional Investor. Investors flocked to tech stocks, especially the ones tied to the artificial intelligence boom, in the first half of the year. Still, Bernstein kept its neutral rating on tech stocks, adding that investors should turn to quality shares that are more undervalued.

Persons: Bernstein's Toni Sacconaghi, opportunistically, Bernstein, Sacconaghi, — CNBC's Michael Bloom Organizations: Institutional Investor, Nvidia, Meta, Apple, Microsoft, Broadcom

☆ How hydrogen bombs compare to atomic bombs, and how scientists created the most destructive weapon ever
▼ + stars: | 2023-09-24 | by ( Adam Barnes | ) www.businessinsider.com time to read: +11 min

Hydrogen bombs and atomic bombs are both nuclear weapons that can cause mass destruction. But just seven years later an even more destructive nuclear bomb was built — the hydrogen bomb. Whereas hydrogen bombs get their power from a combination of fission and its opposite — nuclear fusion — the binding of atoms. Hydrogen vs. atomic bombs: damage and destructionWhile atomic bomb blasts are measured in kilotons — 1 kt is equivalent to the explosive force of 1,000 tons of TNT — hydrogen bombs are often measured in megatons. AdvertisementAdvertisementBoth atomic and hydrogen bombs are nuclear weapons and therefore create long-lasting, dangerous nuclear fallout.

Persons: Otto Hahn, Fritz Strassman, Hahn, Lisa Meitner, Otto Frisch, Meitner, Frisch, Alex Wellerstein, Wellerstein, Little, Amanda Macias, Tsar, Soviet Union —, Bomba, it's Organizations: Service, Trinity, Stevens Institute of Technology, Little Boy, Lions, TNT, Little, Bravo, US, Hanford , Washington . Department of Locations: Wall, Silicon, United States, Japan, Austrian, Nagasaki, Hiroshima, megatons, Soviet Union, Soviet, Manhattan, Los Angeles, Hanford , Washington

☆ Lawmakers are waking up to the realities of 'gerontocracy.' But don't expect them to do anything about it.
▼ + stars: | 2023-09-20 | by ( Brent D. Griffiths | Bryan Metzger | ) www.businessinsider.com time to read: +8 min

Age limits remain popular, and lawmakers have begun to wake up to the realities of gerontocracy. "I believe everyone deserves the kind of dignity to make their own choices," said Democratic Sen. John Fetterman of Pennsylvania. He also opposes age limits, arguing that people should be able to "choose who they want, no matter how old they are." "Different people age differently, you know, somebody at a younger age may have more impacts due to aging than somebody at an older age. "I don't think it's a problem to be old, I think it's a problem to have a lack of diversity."

Persons: Mitt Romney, Sen, Lindsey Graham, Graham, Romney, Strom Thurmond, Democratic Sen, John Fetterman of, Dianne Feinstein's, Mitch McConnell, Joe Biden, Donald Trump, gerontocracy, Rep, Maxwell Frost, Anna Moneymaker, Gray, Frost, hasn't, Ro Khanna, Khanna, Dianne Feinstein, Saul Loeb, Republican Sen, John Hoeven, Hoeven, Steve Cohen of Tennessee, Marie Gluesenkamp Perez, Gluesenkamp Perez, Feinstein, McConnell, Democratic Sens, Ben Ray Luján, JD Vance Organizations: Service, Utah Republican, Capitol, South Carolina Republican, Democratic, Florida Democrat, Pew Research Service, California, Senate, Getty, Republican, Democratic Rep, Washington, Ohio Locations: Wall, Silicon, John Fetterman of Pennsylvania, Florida, North Dakota, New Mexico

☆ Here’s what major analysts thought of the new iPhone and what to do with Apple’s stock
▼ + stars: | 2023-09-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

He highlighted the enhanced photo capabilities on Pro models and called the new double tap feature the most notable upgrade to the Apple Watch. Many analysts expected hikes around $100 and $200 for the beefed up Pro and Pro Max iterations. Apple essentially delivered a $100 price hike on the Pro Max by doing away with the lower storage option. He noted that the hike on the Pro Max skewed to the low end of the Wall Street firm's expectation range. Evercore ISI's Amit Daryanani regarded the event as "mildly disappointing" for bulls hoping for a Pro price increase.

Persons: Toni Sacconaghi, Canaccord Genuity's Michael Walkley, Goldman Sachs, Michael Ng, Wells, Aaron Rakers, Pro Max, iPhones, Atif Malik, Evercore ISI's Amit Daryanani, David Vogt, Samik Chatterjee, Erik Woodring's, Morgan, Apple, Woodring, Sacconaghi, — CNBC's Michael Bloom Organizations: Apple, Apple Watch, Wall, Pro, Citi, UBS Locations: China

☆ Bernstein says this software development firm can grow sales by eight times current levels
▼ + stars: | 2023-09-12 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GitLab could be a winner in the evergreen software space, according to Bernstein. The firm initiated coverage of GitLab stock with an outperform rating as well as a $62 per share price target. According to the analyst, GitLab operates in a duopoly with Microsoft-owned GitHub, with both companies sharing roughly 70% and increasing market share of cloud development Gits, or code repositories. "GitLab's opening is to become the "Switzerland" platform for CI/CD development pipelines — a durable and large market position," Weed said. Still, the firm noted market constraints on Gitlab's pricing power and product expansion options, noting competition from GitHub, Australian software firm Atlassian and potentially Datadog.

Persons: Bernstein, Peter Weed, GitLab, Weed, — CNBC's Michael Bloom Organizations: Microsoft Locations: Switzerland, GitHub

☆ Next couple of years will be tougher for the consumer, says AllianceBernstein's Jim Tierney
▼ + stars: | 2023-09-12 | 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 EmailNext couple of years will be tougher for the consumer, says AllianceBernstein's Jim TierneyJim Tierney, AllianceBernstein CIO, joins 'Power Lunch' to discuss the state of the consumer and the likelihood of a soft landing.

Persons: Jim Tierney Jim Tierney Organizations: AllianceBernstein

☆ California Gov. Gavin Newsom says he'd appoint a caretaker to the Senate if Dianne Feinstein retires early, arguing it would be 'completely unfair' to tap a candidate so close to the 2024 primary
▼ + stars: | 2023-09-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Gavin Newsom said that he'd appoint a caretaker to replace Feinstein should she leave office early. Newsom said he didn't want to "tip the balance" of the 2024 Senate primary by tapping a candidate. Feinstein, who has served in the Senate since 1992, is set to retire after the 2024 elections. "I don't want to get involved in the primary," Newsom told host Chuck Todd. The 90-year-old Feinstein, who has served in the Senate since 1992, is set to retire after the 2024 elections.

Persons: Gavin Newsom, he'd, Feinstein, Newsom, Dianne Feinstein, Adam Schiff, Barbara Lee, Katie Porter, Chuck Todd, Katie Hill, I've, Todd, Schiff, —, Porter, Lee Organizations: Service, Press, California Democrat, San Francisco, Berkeley Institute of Governmental Studies Locations: Wall, Silicon, California

☆ Taylor Swift is single-handedly giving a boost to hotel industry revenue
▼ + stars: | 2023-09-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Taylor Swift is providing a gold rush for the hotel industry. The "Cruel Summer" singer's attention-grabbing "Eras" tour has pushed up revenue for hotels in cities across the U.S., according to data from investment firm Bernstein. "This has been a notable boost to the hotel industry," Bernstein analyst Richard Clarke wrote in a note to clients Friday, using the term "Swiftonomics." (Revenue generated per room is calculated by dividing the total hotel revenue by number of available rooms, regardless of whether they were occupied.) Indeed, Clarke said occupancy was 11% higher in Philadelphia during the nights of Swift's tour, while revenue per available room was up 59% on average.

Persons: Taylor Swift, Bernstein, Richard Clarke, Clarke, Swift Organizations: Wall, Federal Reserve Locations: U.S, Nashville, Beyoncé's, Philadelphia

☆ China is not the only thing fueling investor concerns about Apple, says Bernstein's Toni Sacconaghi
▼ + stars: | 2023-09-08 | 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 EmailChina is not the only thing fueling investor concerns about Apple, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein Private Wealth Management's Apple analyst, joins 'Squawk on the Street' to discuss the revenue hit Apple could face from restrictions in China, the timeline for Apple's plan to migrate manufacturing outside of China, Apple's quest to maximize international revenue.

Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi Organizations: China, Apple Locations: China

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