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☆ Majority of Americans say Trump's indictment won't affect their vote, CNBC survey finds
▼ + stars: | 2023-04-18 | by ( Steve Liesman | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump departs from Trump Tower to give a deposition to New York Attorney General Letitia James who sued Trump and his Trump Organization, in New York City, April 13, 2023. Zoom In Icon Arrows pointing outwards CNBCA quarter of those polled said they are less likely to vote for the former president due to the indictment. Women – especially younger women – Black Americans and those with college and post-graduate degrees are most likely to say their vote has been affected. The survey, which polled 1,000 people across the country, was conducted between April 6 and April 11 and has a margin of error of +/-3.1%. It was overwhelmingly supported by Democrats, but also 64% of younger Americans, 60% of women and 54% of Independents.

The vote announced Monday afternoon showed 97.9% of participating union members voting to approve a potential strike. A file photo shows members of the Writers Guild of America walk the picket line in New York during their last strike in 2007. Unions typically conduct a strike authorization vote during the course of negotiations, and they almost always get approved by overwhelming margins. Negotiators for the AMPTP and the Writers Guild met at the negotiating table on Friday, according to one producer close to negotiations. AMPTP gave WGA new proposals in response to some of the Guild’s contract requests – and is awaiting review and feedback on those Monday, along with the strike vote results, the producer said.

[1/2] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike SegarApril 13 (Reuters) - JPMorgan Chase & Co (JPM.N) has dropped or cut credit lines to a large number of Indian metals clients, sending them looking for new brokers, the head of Nanhua Financial UK told Reuters. "Loads of Indian clients have enquired because JP Morgan cancelled their accounts," said Nong Yan, chief executive of Nanhua Financial UK, the British arm of one of the biggest future brokers in China. Broker Marex Financial has also been picking up new clients as JP Morgan and other banks reduce their exposure to metals and commodities, its chief executive said. "It's not just JP Morgan, all of these banks are sharpening their focus.

[1/3] Former U.S. President Donald Trump departs from Trump Tower to give a deposition to New York Attorney General Letitia James who sued Trump and his Trump Organization, in New York City, U.S., April 13, 2023. Circuit Court of Appeals in Manhattan, which had last September asked the Washington court for guidance on local law. Alina Habba, a lawyer for Trump, said in an email: "We are confident that the Second Circuit will rule in President Trump's favor and dismiss Ms. Carroll's case." Carroll, 79, has long accused Trump of stalling to keep jurors from ever hearing her case. The case is Trump et al v. Carroll, District of Columbia Court of Appeals, No.

☆ JPMorgan scales down metals business - Bloomberg News
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike SegarApril 13 (Reuters) - JPMorgan Chase & Co (JPM.N) has stopped working with dozens of base metals clients and slashed bonuses of its bankers after last year's nickel crisis, Bloomberg News reported on Thursday, citing people familiar with the matter. JPMorgan's metals business has been under strict internal scrutiny due to the bank's role in the upheaval last year, when the London Metal Exchange (LME) was forced to suspend nickel trading after the metal's prices doubled. JPMorgan has cut numerous base metals clients in Asia, particularly stopping business with privately owned Chinese companies, according to the Bloomberg report. The bank is continuing to work only with a few large, long-standing clients in the region, the report added.

[1/3] Former U.S. President Donald Trump departs from Trump Tower to give a deposition to New York Attorney General Letitia James who sued Trump and his Trump Organization, in New York City, U.S., April 13, 2023. The district's highest local court, the Court of Appeals, said it did not have enough facts to decide whether Trump was acting as president when he accused the former Elle magazine columnist in June 2019 of lying about the alleged encounter. Circuit Court of Appeals in Manhattan, which had last September asked whether under local law Trump made his comments in his role as president, or in his personal capacity as Carroll argued. The Washington court said the 2nd Circuit or a federal district judge in Manhattan should assess Trump's role. The case is Trump et al v. Carroll, District of Columbia Court of Appeals, No.

☆ Delta bets on premium travel as 'shock absorber' for economic downturn
▼ + stars: | 2023-04-12 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +6 min

[1/5] Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike SegarCHICAGO, April 12 (Reuters) - Delta Air Lines (DAL.N) is doubling down on more profitable premium travel as it looks to shore up its defenses against an economic downturn. Chief Executive Ed Bastian told Reuters the U.S. carrier will have premium seats on every plane it flies starting this summer. Rivals United Airlines (UAL.O) and American Airlines (AAL.O) are also chasing premium revenue. CHANGING TRAVEL PATTERNSThe quest for premium revenue has its underpinnings in the post-pandemic travel patterns.

☆ Global PC shipments slide in first quarter, Apple takes biggest hit, IDC says
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

In separate reports published on Monday, market research firms IDC and Canalys blamed weak demand, excess inventory and a bleak economic outlook for the shipment declines of 29% and 33%, respectively. Of the top five PC makers analysed in the reports, Apple saw the largest drop with a fall of more than 40%. Both the research firms also predicted the market could start to recover later this year and gather momentum in 2024 if the economic outlook improves. "We expect significant market upside as consumers look to refresh, schools seek to replace worn-down Chromebooks, and businesses move to Windows 11," IDC said. Reporting by Bharat Govind Gautam and Tiyashi Datta in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Earnings per share for the six biggest U.S. banks are expected to be down about 10% from a year earlier, analyst estimates from Refinitiv I/B/E/S show. The bank is expected to report a 30% rise in EPS, buoyed by an almost 36% increase in net interest income, according the Refinitiv I/B/E/S estimates and Reuters calculations. "We expect a challenging earnings season for the banks," said David Chiaverini, banking analyst at Wedbush Securities, in a note. He said bank managements will become more defensive, implementing liquidity measures that could lead to downward revisions for net interest income. Net interest income for the six biggest U.S. banks are expected to be up about 30% from a year earlier, according to analyst estimates from Refinitiv I/B/E/S.

☆ Ukraine wants tighter ties with India, visit by Modi
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

India holds the rotating presidency of the Group of 20 this year and hosts a leaders summit in September. Dzhaparova, who is on a four-day visit to New Delhi, told the broadcaster: "We believe India should be engaged and involved in the Ukraine issue to a great extent". India has sought a diplomatic solution to the conflict in Ukraine, while Modi told Russian President Vladimir Putin in September that now is "not an era of war". India has also boosted its purchases of Russian oil, taking advantage of the deep discounts following a European ban on Russian oil imports. Dzhaparova will meet India's deputy national security adviser and a junior foreign minister during her visit and address a world affairs think tank.

☆ McIlroy's career Grand Slam bid officially ends with missed cut
▼ + stars: | 2023-04-08 | by ( Steve Keating | ) www.reuters.com time to read: +2 min

One of the pre-tournament favourites, McIlroy's disappointment dragged on into Saturday as 39 players returned to complete their weather hit rounds where the cut line was set at three over. Major winners Bryson DeChambeau, Sergio Garcia and Bubba Watson along with Jason Kokrak all missed the cut. Tiger Woods made the cut but by the skin of his teeth when good friend Justin Thomas bogeyed the 17th moving the cut line to three over. "I've always loved this golf course, and I love playing this event," said Woods at the end of his round before the cut line had been set. Couples also became the oldest player in Masters history to make the cut when the 63-year-old returned a second round two-over 74 for a one-over total.

☆ Koepka storms into Masters lead
▼ + stars: | 2023-04-07 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

Koepka, who shared the overnight lead with Norway's Viktor Hovland and Spain's Jon Rahm, returned a spotless five-under 67 to set a 12-under target for the afternoon wave that headed out under menacing skies. Resurgent Jason Day had looked poised to challenge Koepka until he stumbled to a double-bogey, bogey, par, bogey finish for a disappointing 72 that put the Australian in the clubhouse seven behind. While Rahm, winner of three events already this season, was always expected to contend at the year's first major, Koepka was not. "I just take it one shot at a time, one hole at a time, whatever I got in front of me," said Koepka. As Koepka was putting the finishing touches on his round, five-time Masters champion Tiger Woods was teeing off.

☆ Analysts expect a big earnings drop this season. These 14 stocks are set to buck the trend
▼ + stars: | 2023-04-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

First-quarter earnings per share for the S & P 500 are set to decline by 7% compared with the year-ago period, Goldman Sachs said in a note to clients Wednesday. That's why we spend less time worrying what the S & P 500 will earn and focus more on how individual companies are performing . Some S & P 500 sectors, like consumer discretionary and energy, are poised to grow profits compared with 2022, according to Goldman. Within the Club's portfolio, we found 14 companies that are set to report positive earnings growth this earnings season, according to FactSet estimates. As always, we'll analyze both our companies' earnings reports and consider their guidance to ensure our investment rationale is still intact.

☆ Resurgent Koepka enjoying life in the fast lane at Masters
▼ + stars: | 2023-04-07 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

First time didn't go, so figured try it again," said Koepka. Now Koepka, who also missed the 2021 Masters cut when he played three weeks after ligament surgery on his right knee, enters the weekend looking to restore his identity as major-championship specialist. "I mean, I've got a completely different knee, so the normal is a little bit different. Koepka also admitted that his decision to join LIV Golf would have been tougher if he was in full health and playing as well as he currently is but added that he was "happy with the decision" he made. Reporting by Frank Pingue in Augusta, Georgia, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ J&J rises as $9 bln talc lawsuit settlement eases overhang on unit spinoff
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. Some analysts were positive about the new settlement that is far bigger than the original offer of $2 billion, as they believe it could bring an end to the lawsuit. J.P. Morgan analyst Chris Schott said in a note the settlement amount was in-line with the brokerage's estimate of $8 billion to $10 billion. "We believe today's announcement should help the IPO of 20% of the consumer unit," Credit Suisse analyst Trung Huynh said in a note. "Overall, we believe the proposed settlement has vast support by the plaintiff supermajority and the top 18 law firms representing the claimants," Jennings said.

☆ J&J rises as $8.9 bln talc lawsuit settlement eases overhang on consumer unit spinoff
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

☆ Exclusive: Johnson & Johnson considers refiling talc-liability bankruptcy after appeals-court defeat
▼ + stars: | 2023-04-04 | by ( Mike Spector | Thomson Reuters | Mike Spector Is A Correspondent At Reuters Covering Corporate Crises That Span Bankruptcy | ) www.reuters.com time to read: +8 min

[1/2] A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. In a court filing Tuesday, lawyers representing a creditors committee of talc plaintiffs said they recently became aware of discussions about a second J&J subsidiary bankruptcy. The J&J subsidiary that was to absorb liability for the talc cases, LTL Management, declared bankruptcy almost immediately after it was created. Andy Birchfield, a plaintiffs' lawyer at law firm Beasley Allen, said on Tuesday that claims “could easily be resolved if Johnson & Johnson would stop playing games and abusing the bankruptcy court process." How the J&J subsidiary might square such a move with the appeals court ruling remained unclear.

☆ Rupert Murdoch and Ann Lesley Smith call off engagement
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Rupert Murdoch at the U.S. Open in New York, September 2017. REUTERS/Mike SegarApril 4 (Reuters) - Media mogul Rupert Murdoch and former San Francisco police chaplain Ann Lesley Smith have called off their engagement, a source confirmed on Tuesday. Murdoch and Smith, 66, met in September at his vineyard Moraga in Bel Air, California, and he called her two weeks later, Murdoch told News Corp-owned New York Post, which broke the news of the engagement. On March 17 in New York, Murdoch presented Smith with an Asscher-cut diamond solitaire ring, according to the Post. I’m happy,” Murdoch told the Post at the time.

Multiple experts identified the presence of malware on the Pinduoduo app that exploited vulnerabilities in Android operating systems. Evidence of sophisticated malware in the Pinduoduo app comes amid intense scrutiny of Chinese-developed apps like TikTok over concerns about data security. Pinduoduo has previously rejected “the speculation and accusation that Pinduoduo app is malicious.”CNN has contacted PDD multiple times over email and phone for comment, but has not received a response. Google Play is not available in China, and Android users in the country download their apps from local stores. Engineers also found their access to big data, data sheets and the log system revoked, the source said.

☆ Stormy Daniels: Woman at center of Trump indictment is porn star-turned-ghostbuster
▼ + stars: | 2023-03-31 | by ( Julia Harte | ) www.reuters.com time to read: +4 min

[1/2] Adult-film actress Stephanie Clifford, also known as Stormy Daniels, arrives at ABC studios to appear on The View talk show in New York City, New York, U.S. April 17, 2018. A Trump fundraising group sent an email asking supporters for more contributions after his indictment. After he announced his impending arrest, searches for Daniels on the website Pornhub jumped 21,655%, according to the site's research and analysis branch. And my mom was a trainwreck, and my clothes didn't fit, and I was poor and I smelled," Daniels told Vice News in 2021. Daniels has said she received the hush money in exchange for keeping silent about a sexual encounter she had with Trump in 2006.

☆ New White House bank regulation plan impacts short list of banks
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

[1/3] A First Republic Bank branch is pictured in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar/File PhotoWASHINGTON, March 30 (Reuters) - The White House's plan to strengthen the U.S. banking system announced on Thursday makes new demands on a small group of midsized banks. The plan asks regulators to demand banks with between $100 billion and $250 billion in assets increase liquidity and capital, and submit to extra stress tests, among other changes. BANK ASSETS, BILLIONCitizens Bank $226.4First Republic $212.6Morgan Stanley Priv. Bnk $209.7Silicon Valley $209.0Fifth Third Bank $206.3Morgan Stanley Bank $201.4Manufacturers & Traders $200.3Keybank $187.6Huntington $182.3Ally Bank $181.9BMO Harris $176.9HSBC Bank USA $162.4American Express $155.4Northern TC $154.5Regions Bank, AL $154.2Discover $129.4Signature $110.4First Citizens $109.2MUFG Union $104.4Reporting by Dan Burns; Writing by Heather Timmons; Editing by Anna DriverOur Standards: The Thomson Reuters Trust Principles.

☆ Apple launches buy now, pay later service in U.S.
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

The service, Apple Pay Later, will allow users to split purchases into four payments spread over six weeks with no interest or fees, the company said. "Apple Pay Later will absolutely wallop some of the other players. Hewson added that Apple Pay Later will be a disruptor as consumers are looking for the easiest way to get what they want, as their wallets have been stretched by inflation. BNPL firm Affirm Holdings Inc's (AFRM.O) shares fell more than 7%, while PayPal was down about 1.5% in midday trading. Apple Pay Later is enabled through the Mastercard Installments program, the company said, adding that Goldman Sachs (GS.N) was the issuer of the Mastercard payment credential.

☆ Arkansas enacts law restricting school bathroom use by transgender people
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike SegarMarch 21 (Reuters) - Arkansas Governor Sarah Huckabee Sanders on Tuesday signed a law targeting the trans community, prohibiting transgender people from using the restroom that matches their gender identity at public schools. The law requires schools to provide reasonable accommodations, that include single-person restrooms and changing areas. School authorities that violate the law can face fines of at least $1,000, and parents can also file lawsuits to enforce the measure. Similar laws directed at transgender youth have been enacted in Alabama and Oklahoma. read moreRepublican legislators across the United States have escalated a campaign to ban certain healthcare for transgender youth, in some cases seeking to charge parents and doctors with child abuse if they provide treatment.

☆ Nike's holiday quarter plagued by bloated inventory, weak China sales
▼ + stars: | 2023-03-21 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +4 min

While Nike CEO John Donahoe told investors last quarter he believes the company is past its inventory peak, the company warned gross margins were expected to take a hit during the holiday quarter. During an earnings call with investors Tuesday, executives said they're "increasingly confident" Nike will exit the fiscal year with healthy inventory levels. They also expect to see "even leaner inventory" than they'd anticipated given sales momentum, the executives added. Citing its strong performance in the quarter, Nike now expects fiscal year revenue to grow by high single digits, compared to mid single digit guidance it gave in the prior quarter. In the next quarter, Nike expects flat to low single digit revenue growth.

March 20 (Reuters) - Shares of First Republic Bank (FRC.N) closed 47% lower on Monday, adding to recent losses as concerns about its liquidity continued to worry investors despite a $30 billion influx of deposits last week. The bank's stock fell as much as 50% and closed at $12.18 after the New York Stock Exchange halted it several times due to volatility. S&P Global downgraded First Republic deeper into junk status on Sunday and said the recent cash infusion from 11 large U.S. banks last week may not solve its liquidity problems. A First Republic Bank branch is pictured in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. First Republic Bank's stock market collapseFirst Republic's stock market value has collapsed by over 80% in the past 10 trading sessions due to fears of a bank run as a large proportion of the lender's deposits are uninsured.

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