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The NCAA also argued the plaintiffs' division of damages unlawfully favored male athletes over female ones. In a statement, the NCAA said the plaintiffs' claims for "billions of dollars in damages" do not have "legal or factual support." Plaintiffs' lawyers for years have challenged rules that prohibited college athletes from receiving compensation. Class actions provide plaintiffs an avenue in court to pursue claims collectively rather than as individuals, imposing greater pressures on defendants. The plaintiffs' lawyers have asked the court to approve three classes seeking monetary damages: football and men's basketball; women's basketball; and an additional sports class.

☆ Amazon will emerge stronger from near-term slowdown, says Neuberger Berman's Dan Flax
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon will emerge stronger from near-term slowdown, says Neuberger Berman's Dan FlaxDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss Amazon's first-quarter earnings results, and the long-term outlook for Amazon and other Big Tech companies.

☆ Amazon dips after slowing cloud growth projections. Here's how the pros are playing it
▼ + stars: | 2023-04-28 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon dips after slowing cloud growth projections. Here's how the pros are playing itJim Cramer, Daniel Flax of Neuberger Berman, James Lee of Mizuho Securities, Jim Lebenthal of Cerity Partners and Rob Sechan of NewEdge Wealth on what they think about Amazon's first-quarter earnings report and guidance for slower Amazon Web Services cloud growth.

☆ Tiktok-inspired 'Kia Boys' car thefts could be a $600 million problem, according to a new court document
▼ + stars: | 2023-04-27 | by ( Jack Newsham | ) www.businessinsider.com time to read: +5 min

In cities across the country, thefts of Hyundai and Kia vehicles have skyrocketed. Now some drivers are trying to get Kia and Hyundai to pay the tab, saying the security features were illegally lax. And recently, auto insurers made a preliminary estimate of the total cost: $500 million to $600 million. But actually installing the updates in a reported 3.8 million Kias and 4.5 million Hyundais is another story, and state regulators have urged the carmakers to recall the impacted vehicles. She said Hyundai and Kia should move quickly to get a handle on the case and win back public trust.

☆ Fanatics moves one step closer to IPO, hiring Meta's head of investor relations
▼ + stars: | 2023-04-27 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

While an IPO is not on the immediate horizon, the company is taking a step in the direction of preparing for one, hiring Meta's investor relations head to further build out its engagement with current and future shareholders. Deborah Crawford, who has served as Meta 's vice president of investor relations for more than eight years, is being appointed as Fanatics' head of investor relations, a new position at the company. Prior to Meta, Crawford was head of investor relations for Netflix, where she helped initiate the streaming company's first formal investor relations function, according to Fanatics. Schiffman declined to comment on the potential timing of a Fanatics IPO but confirmed the company has a goal of going public. Fanatics has seen its valuation and investor roster drastically expand in recent years, which has also helped to fuel IPO chatter.

☆ Analysis: American living standards are on the line in the debt ceiling drama
▼ + stars: | 2023-04-27 | by ( Christine Romans | ) edition.cnn.com time to read: +6 min

New York CNN —Inside the Beltway, jockeying over raising the debt ceiling has become a partisan ritual to gain political points. But marching toward a debt ceiling default puts American living standards on the line. For most of that time, the debt ceiling was raised with little fuss, until 2011 brought the debt ceiling into a new dangerous realm of political brinksmanship. Deciding later not to pay the bills by not raising the debt ceiling is not sound fiscal policy. Roger Ferguson, economist and former vice chair of the Fed, said the debt ceiling is out of date.

☆ A new bill in Florida would allow citizens to sue for damage to or removal of Confederate statues
▼ + stars: | 2023-04-26 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

A new bill in Florida would allow citizens to sue for damage to or removal of historical monuments. The bill doesn't mention Confederate statues, but opponents say it is a response to it. The newly-elected state senator, endorsed by Ron DeSantis during his 2022 campaign, previously served on the Florida Southwestern State College Board of Trustees. Before being elected, the state senator had been investigated for battery but was cleared by prosecutors in August. Over the past few years, a national movement to remove Confederate statues took hold in the US, with proponents of these removals pointing to the statues' ties to slavery.

☆ Expect fixed income volatility during debt ceiling talks, says Neuberger's Joe Amato
▼ + stars: | 2023-04-26 | 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 EmailExpect fixed income volatility during debt ceiling talks, says Neuberger's Joe AmatoJoe Amato, Neuberger Berman Group CIO, joins 'Closing Bell: Overtime' to discuss earnings season, market outlook and the approaching debt ceiling.

April 25 (Reuters) - Chipotle Mexican Grill Inc (CMG.N) topped Wall Street expectations for first-quarter profits and sales on Tuesday, helped by higher menu prices, 41 new restaurant openings and some recovery among lower-income customers. The company said it expects second quarter and full year comparable sales growth in the mid-to-high single digits. Even with inflation squeezing household budgets, restaurant chains are expected to post higher sales growth in the first quarter. Comparable sales at California-based Chipotle jumped about 11% in the first quarter, while analysts on average expected an 8.6% rise, according to Refinitiv data. Inflation in the second half is "really a wild card," Chief Financial Officer Jack Hartung said on the earnings call.

☆ CNN disputes Don Lemon's claim he was fired without a chance to talk it over with management
▼ + stars: | 2023-04-24 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

Don Lemon announced he'd been fired by CNN on Monday and said he found out from his agent. CNN later said he'd been offered the chance to speak to management "but instead released a statement on Twitter." Forty-five minutes later, CNN tweeted a statement of its own that called Lemon's inaccurate. In its initial statement, CNN said Lemon "will forever be a part of the CNN family, and we thank him for his contributions over the past 17 years." Lemon later apologized for the remarks.

☆ Tucker Carlson is out at Fox News
▼ + stars: | 2023-04-24 | by ( Taylor Berman | Chris Panella | ) www.businessinsider.com time to read: +1 min

Fox News' star host Tucker Carlson is gone, the media network announced Monday. Tucker Carlson and Fox News have "agreed to part ways," the cable news giant announced on Monday. Carlson's last episode of "Tucker Carlson Tonight" was Friday, Fox News said, though he didn't make any reference to his impending exit on the program. "We want to thank Tucker Carlson for his service to the network," Faulkner said. Carlson leaves Fox News less than a week after Fox settled a lawsuit with Dominion Voting Systems for $787.5 million over the cable company's promotion of lies about the 2020 election.

☆ The growth fund that dodged the worst of the 2022 bear market by leaning on fundamentals
▼ + stars: | 2023-04-23 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

The firm's $1.7 billion Large Cap Growth Fund , with some of the biggest technology names among its top holdings, lost 24.3% in 2022. 'Rigor and process' Kantor and Regenbaum have spent years managing the fund by taking a magnifying glass to the inner plumbing of some of the biggest growth stocks. Indeed, Morningstar says the fund's portfolio has a lower price-to-book-value than other large cap growth funds or Morningstar's benchmark index for the group, and faster book value growth. There were "crazy growth companies that went to the moon," Kantor said, "and then unfortunately at some point had to return to Earth." Investors are at an important moment given the Federal Reserve's campaign to rein in inflation by hiking interest rates, and the interest-rate sensitive nature of growth stocks.

☆ Restaurants are expected to post strong earnings, but signs of trouble ahead could emerge
▼ + stars: | 2023-04-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

As restaurants prepare to present their first-quarter earnings, investors are anticipating strong results. When restaurants released their fourth-quarter reports in February, many touted impressive sales growth in January. Starting in the second quarter, restaurants will face comparisons to last year's sales bump driven by double-digit price increases, so they'll have to depend on higher traffic to drive sales growth. The relatively high valuations for restaurant stocks bring a downside for the industry, McCarthy said. Morgan Stanley's Harbour wrote that stocks could fall even on solid results "if the path forward is less clear."

[1/2] People stand in front of a welcome sign at a security checkpoint at Seattle-Tacoma International Airport in SeaTac, Washington, U.S. April 12, 2021. The residents asked for an order forcing the Port of Seattle, Alaska Airlines and Delta Airlines to establish a fund for medical monitoring to help screen for diseases. A representative for the Port of Seattle said the airport and its tenants follow strict federal, state and local requirements that address environmental issues like air quality and noise. The Seattle-Tacoma airport is located south of the city of Seattle, and is the primary commercial air hub for the region. The case is Codoni v. Port of Seattle, Superior Court of the State of Washington in and for the County of King, No.

☆ America's best bet for banning TikTok would have terrible side effects
▼ + stars: | 2023-04-19 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

As talk of a TikTok ban builds, the leading legislation with bipartisan support is the RESTRICT Act. Here's why the RESTRICT Act has some people so worried — and what the experts say might be a better approach. The type of data TikTok collects is similar to what Facebook or Twitter collect from its users. What would actually solve the concerns about the Chinese government getting US user data is comprehensive data privacy legislation, he and other experts said. "What we're saying is that if you're concerned about the Chinese government getting user data from TikTok," Greene said.

☆ CNN is axing Laura Coates' 11 p.m. anchor slot to save on costs, according to sources, and insiders are concerned about on-air representation
▼ + stars: | 2023-04-18 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

CNN is still shifting its late night lineup, and Laura Coates will no longer anchor solo at 11 p.m.Coates is said to be "stunned" and "disappointed" by losing the opportunity. On paper, Coates would seem like the ideal figure to fill the network's 11 p.m. slot, particularly as CNN already shared a press release about her appointment to the role in January. CNN and news industry insiders who commented for this story spoke on the condition of anonymity because they're not authorized to speak to the press. "They pulled her off to save money," said one person familiar with internal conversations at CNN. The network's only Black solo anchors now are Abby Phillip, who helms the high-profile "Inside Politics Sunday," and Fredricka Whitfield, who also hosts a weekend show.

☆ No question there would be a sharp rally if the Fed stopped raising rates: Neuberger's Eisman
▼ + stars: | 2023-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo question there would be a sharp rally if the Fed stopped raising rates: Neuberger's EismanSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss Eisman's feelings towards inflation after last week's CPI data, Eisman's reaction to a Fed rate hike in May, and the Fed's two percent inflation target.

☆ How Steve Eisman of ‘The Big Short’ is playing this tough market
▼ + stars: | 2023-04-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" fame said Monday that he remains cautious in this fluid macroeconomic environment, and is keeping his powder dry by parking cash in short-term Treasurys. I think you have to wait," Eisman said on CNBC's " Squawk Box." "I think what the 10-year [Treasury] is telling you [is] that the market thinks that the Fed's going to cut rates. I think he's petrified of what happened to Volcker when Volcker stopped raising rates [and] inflation resurged." The widely-followed investor previously said the easy days of buying tech stocks to beat the market are over.

April 12 (Reuters) - A U.S. judge on Tuesday approved a $75 million settlement between Smithfield Foods Inc and a class of consumers who accused the pork producer of conspiring to restrict supply in order to keep prices artificially high. Pork consumers last year settled with Smithfield rival JBS SA for $20 million. The judge in a separate order on Tuesday awarded nearly $25 million in legal fees to the plaintiffs firms representing the consumer class. The consumer class attorneys said in a court filing in January that they'd spent more than 37,000 hours pursuing antitrust claims over four years. The case is In re Pork Antitrust Litigation, U.S. District Court, District of Minnesota, No.

☆ The U.S. Built a European-Style Welfare State. It’s Largely Over.
▼ + stars: | 2023-04-06 | by ( Claire Cain Miller | Alicia Parlapiano | ) www.nytimes.com time to read: +14 min

expansion Child care provider grants Food assistance ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Emergency food benefits Free school meals Through Sept. 2026 Remote WIC services Paused work requirement No expiration Meals outside of school No expiration Food benefit increase WIC increase Health care ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Medicaid continuity Through Dec. 2025 A.C.A. subsidies Subsidized COBRA Housing ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Foreclosure ban Eviction ban Through Sept. 2025 Rental aid Through Sept. 2030 Housing vouchers Unemployment ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Self-employed qualify Relaxed rules Extended duration Extra $600/week Extra $300-$400/week Extra for self-employed Extra $300/week Note: The selection of programs is not comprehensive, but it represents those with the highest costs or those affecting the most people. PROGRAM DURATION ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Emergency food benefits Gave all households maximum Free school meals For all children Remote WIC services Waived need to appear in person Through Sept. 2026 Paused work requirement For adults without kids Meals outside of school Summer meals made permanent No expiration Increase in max. PROGRAM DURATION ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Foreclosure moratorium For federally backed mortgages Eviction moratorium Rental assistance New emergency program Through Sept. 2025 Housing vouchers Additional funding Through Sept. 2030 Note: While funding for emergency housing vouchers is available through September 2030, vouchers cannot be issued to new households after September of this year. PROGRAM DURATION ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’20 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’21 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’22 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’23 ’24 Benefits for self-employed Including gig workers Relaxed rules Work searching not required Extra weeks of benefits Up to 53 additional Extra $600 per week Extra $300-$400 per week Depending on the state Extra for self-employed $100 more per week Extra $300 per weekAnother is support for families with young children.

☆ Women's soccer expands into the Bay Area with a new team and record investment
▼ + stars: | 2023-04-04 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

"Sixth Street has the incredible know-how, experience and bandwidth to devote to the league," NWSL Commissioner Jessica Berman told CNBC. Waxman, a former Goldman Sachs executive, founded Sixth Street in 2009, and the firm currently has more than $65 billion in assets under management. This is the company's first foray into women's sports, following investments in Spanish soccer teams Real Madrid and FC Barcelona and the NBA's San Antonio Spurs. The four former national team players will be represented on the board and will work alongside Sixth Street in setting the team's strategic direction, he said. Sandberg will partner with the club to create leadership programs that empower women and girls in underserved Bay Area communities.

AUGUST 2018Cohen pleads guilty to criminal charges in Manhattan federal court, including campaign finance violations over the hush money payments. DECEMBER 2018Trump, on Twitter, calls the hush money payments a "simple private transaction." Trump himself is not charged with a crime, and the indictment contains no references to hush money payments. JANUARY 2023Bragg's office begins presenting evidence about Trump's alleged role in the 2016 hush money payments to a grand jury. APRIL 3, 2023Trump arrives in New York from his home in Florida to face charges arising from the hush money investigation.

☆ A gag order for Donald Trump is 'extremely likely' once he's before a judge, legal expert says
▼ + stars: | 2023-03-31 | by ( Nicole Gaudiano | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

But once he's arraigned, it's "extremely likely" he'll be put under a gag order, one expert said. But the judge is likely to issue a gag order on the lawyers from both sides, along with Trump, he said. If there's a gag order, Levin said Trump will be "very limited" in what he's able to say, even if there may be proxies who speak for him. Former Indiana Attorney General Jeff Modisett said he also expected that a judge could narrowly craft a gag order that could survive an appeal. "Theoretically, a litigant who breaks a gag order could be thrown in jail," he said.

☆ Trump's alleged hush money payments and the path to criminal charges
▼ + stars: | 2023-03-30 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

AUGUST 2018Cohen pleads guilty to criminal charges in Manhattan federal court, including campaign finance violations over the hush money payments. DECEMBER 2018Trump, on Twitter, calls the hush money payments a "simple private transaction." AUGUST 2019Cyrus Vance, the Manhattan District Attorney at the time, issues a subpoena to the Trump Organization - Trump's family real estate company - for records of hush money payments. Trump himself is not charged with a crime, and the indictment contains no references to hush money payments. JANUARY 2023Bragg's office begins presenting evidence about Trump's alleged role in the 2016 hush money payments to a grand jury.

A Manhattan grand jury voted to indict Donald Trump, possibly over a "hush-money" payment. Here's a timeline of Trump and Daniels' alleged relationship, the $130,000 payment to keep Daniels silent, and the testimonies leading to a possible indictment. Markus Schreiber/APManhattan District Attorney Alvin Bragg convened a grand jury in mid-January of this year to consider an indictment against Trump. And Trump's former fixer and lawyer Michael Cohen, prosecutors' key witness, has made repeated visits to the DA's office and to the grand jury. Anna Moneymaker/Getty ImagesThe Manhattan grand jury voted to indict Trump on Thursday, March 30.

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