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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow is a time to own growth and sell some, says T. Rowe's Sebastien PageSebastien Page. T. Rowe Price, joins 'Closing Bell' to discuss the economy and his market playbook.
Persons: Rowe's Sebastien Page Sebastien Page, Rowe Price
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquities is where we're seeing growth and opportunities, says Mercer's Olaolu AgangaOlaolu Aganga, Mercer U.S. CIO, joins 'Closing Bell Overtime' to talk her investing playbook.
Persons: Mercer's, Aganga Organizations: CIO Locations: Mercer U.S
Former Vice President Mike Pence at the US Capitol on May 16, 2024. This despite history suggesting that, at some point in their potential mandate, a possible President Trump might ask them to so something that tests their consciences, the law or the Constitution. The attractiveness of the vice presidential nomination may reflect Trump’s magnetism and the heady euphoria of being a key player in the “Make America Great Again” movement. He has also made clear to Trump that he wouldn’t have adopted Pence’s interpretation of the constitutional limits on vice presidential powers. Burgum has taken a classic route of parlaying an unsuccessful presidential campaign into a spot in the vice presidential derby.
Persons: Donald Trump’s, didn’t, Mike Pence, Ohio Sen, J.D, Doug Burgum, Florida Sen, Marco Rubio, Marco Rubio , South Carolina Sen, Tim Scott, Elise Stefanik, Arkansas Sen, Tom Cotton, Byron Donalds, Ben Carson, Trump, he’s, Pence, Kent Nishimura, , there’s, MAGA, Vance, MAGA protégé, , Sen, Jeff Kowalsky, he’d, CNN’s Kaitlan Collins, wasn’t, Joe Biden’s, “ I’m, Mike Pence’s, ” Vance, wouldn’t, Rubio, Burgum, Justin Lane, Biden, Trump’s, , who’s, you’re, Jim Watson, can’t, Kristi Noem, Noem Organizations: CNN, GOP, Republican National Convention, Vance , North Dakota Gov, Tim Scott , New York, Florida Rep, Urban, Capitol, Republican, Trump, Republicans, West Wing, Fox News, Getty, The Ohio Republican, Electoral College, ABC News, North, North Dakota Gov, New, Press, Dakota Gov, , South Locations: Vance , North, Florida, Marco Rubio , South Carolina, Tim Scott ,, Arkansas, Huntington, Detroit , Michigan, AFP, Pennsylvania, Georgia, , parlaying, Indiana, North Dakota, boardrooms, New York City, New York, Washington, West Palm Beach , Florida, “ State, Wisconsin, South Dakota
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Investment Committee talks their utilities investing playbookUtilities is one of the best performing sectors this year. The Committee share their top Utilities plays.
Organizations: Utilities
Opinion | Planning the Resistance to Trump
  + stars: | 2024-06-18 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Trump Resisters Draft Playbook in Case He Wins” (front page, June 16):The resistance to a potential second Trump administration is crucial. The efforts outlined, from drafting lawsuits to stockpiling abortion medication, highlight the severe threat that Donald Trump poses to American democracy. The coalition of progressive activists and former Republicans preparing to resist him shows the widespread recognition of the danger he represents. The fact that we must prepare for the possible authoritarian actions of a former president shows how fragile our democracy is. The preparations being made are not just about opposing Mr. Trump; they are about defending the very principles upon which our nation was founded.
Persons: Trump, Donald Trump, Joanna Lydgate, “ Trump Organizations: Trump, States United Democracy Center
Obama enacted DACA; Trump tried to end itThe DACA policy was enacted after bipartisan, comprehensive immigration reform efforts failed for the umpteenth time. Nearly 600,000 people have sought protected status under the program, which defers but does not necessarily end any immigration action against them. The Trump administration tried to end the DACA program in 2017, but the effort eventually failed at the Supreme Court in 2020. Instead, Trump hit pause on new applications, something the Biden administration then reversed. The much more modest bipartisan effort pushed by Biden earlier this year would not have helped the undocumented spouses of citizens and their children.
Persons: Joe Biden, Donald Trump’s playbook, Biden’s, , Biden, Trump, Michael Williams, Read Williams, “ I’m, ” Chad Wolf, Adriano Espaillat, CNN’s Brianna  Keilar, , ” Espaillat, Obama, DACA, Ruth Bader Ginsburg, Amy Coney Barrett, John Roberts Organizations: CNN, White, American Civil Liberties Union, Department of Homeland Security, New York Democrat, Supreme, Trump Locations: United States, Texas
Read previewOver the weekend, Ukraine's President Volodymyr Zelenskyy rallied countries from around the world to support his call for Russia to end its invasion. It has been especially effective in the "global South" of non-Western powers whose wealth and influence on world affairs is growing. AdvertisementHowever, powerful non-Western countries refused to take part. Russia has also seized on claims that Western support for Israel in its war against Hamas is evidence of hypocrisy. AdvertisementIt is to Putin's advantage when those countries see Russia vs. Ukraine and Israel vs. Hamas as equivalent struggles, both complex enough to avoid taking a side.
Persons: , Volodymyr Zelenskyy, Zelenskyy, Russia wasn't, didn't, Ukraine —, Vladimir Putin, Putin, Natalie Sabanadze, Pavan Kapoor Organizations: Service, BBC, Business, Ukraine, West, Chatham, ANC, Israel, Hamas Locations: Russia, Switzerland, China, Saudi Arabia, Brazil, India, South Africa, Ukraine, American, Moscow, Soviet, West, USSR, Soviet Union, Pakistan, Western, Israel, Indian
China on Monday threatened to impose tariffs on pork imports from Europe, in what appeared to be retaliation for the European Union’s decision last week to impose preliminary tariffs on electric cars imported from China. China’s Ministry of Commerce announced that it had opened an investigation into whether pork from the European Union was being dumped in China at unfairly low prices. The case could result in tariffs on dozens of products, from pork chops to pickled pig intestines. The European Union had no immediate comment on the Chinese action. By choosing pork imports as the apparent payback for the electric vehicle tariffs, China is turning to a playbook it followed during its last major trade fight with the European Union over a decade ago.
Organizations: China’s Ministry of Commerce, European, China Animal Agriculture Association, European Union Locations: China, Europe, European Union
In early March, Dennis’ children scheduled a meeting to help their father get back on his feet after the scam. Matt and Adrienne lost their father Dennis to suicide in March after he fell victim to a cryptocurrency investment scam. Hard to believe I’m falling for a man I have never seen or spoken to,” Carina told him just a few weeks in. Carina, scam victimCarina didn’t tell her family about what had happened and the stress she was under until the very final moment. After months of hiding it, Carina told her family, who suggested she speak to Kraken directly.
Persons: Matt, , Adrienne’s, Dennis Jones, Jessie, , Dennis, Dennis ’, Adrienne, ” Matt, Chris Turner, Amanda Swinhart, they’ve, Erin West, “ I’ve, I’ve, Erin, “ We’ve, Shawn Bradstreet, Jim Castel, Bradstreet, Bumble, GASO, that’s, Tom Booth Rakesh, Rakesh, “ Klara Semonov, Tawee Sodsong, Tom Booth Pachara, Jeff Rosen, ’ Carina, “ Evan ”, Carina, WhatsApp, ” Carina, Evan Van ”, CNN Evan, Evan, consoling, Jim Castel ‘, ” Dennis messaged, ” Adrienne, Carina didn’t, “ It’s, ” Dennis ’ Organizations: Lifeline, International Association for Suicide Prevention, Befrienders Worldwide, CNN, Facebook, FBI, San, LinkedIn, Meta, Indian, Thai National Broadcasting, Befrienders Locations: Virginia, Southeast Asia, scammers, Santa Clara, California’s Bay, San Francisco, Myanmar, Cambodia, Laos, Thailand, Thai, , Russian, Salt Lake City, scamming
On the leafy campus of a Dutch-speaking university, students have for months been demanding that their institution break ties with Israeli academia over the war in Gaza. Their campaign borrows extensively from the U.S. campus protest playbook. The students have set up an encampment. They have staged daily demonstrations. But in Belgium’s capital, the protest at Vrije Universiteit Brussel, or V.U.B., has been far more peaceful because of a unique combination of factors: a supportive political environment (Belgium is a vocal critic of Israel); a proactive rector; strict protest rules; and, crucially, a tiny campus Jewish community that has chosen not to confront protesters despite discomfort over some of the protests.
Organizations: Vrije Universiteit Brussel Locations: Gaza, U.S, Israel, Palestine, United States, Belgium’s, Vrije, Belgium
Slow-moving lawsuits intended to drain newsrooms of their limited financial resources and editorial bandwidth. Threats of jail time for journalists who expose political corruption and refuse to give up their sources and turn over their notes. If you think these things sound outlandish in America, take a close look at what’s happening here in Mississippi. Breaching the confidentiality of sources violates one of the most sacred trusts — and breaks one of the most vital tools — in investigative journalism. Even if we were to prevail in our defense of this suit, we will probably have lost in many other ways.
Persons: , Ron DeSantis, Sullivan Organizations: Mississippi, Gov, New York Times Company Locations: America, Mississippi, Florida
But below the surface, the mini marine sanctuary is also a test bed for underwater technology that may take researchers to literal new depths. In the ocean, Underwater IoT could look like floating sensors, swarms of crewless vehicles, or a tetherless, wireless robot. Interest in ocean IoT is increasing because of its potential scientific, military, commercial, and conservation applications. AdvertisementWaleed Akbar, a research assistant at the MIT Media Lab, said that while developing underwater IoT is challenging, it's necessary. There's also the issue of energy consumption: Generally, preliminary underwater IoT devices have used batteries with limited capacity.
Persons: Wahoo Bay, Rob Wyre, Waleed Akbar, Akbar, There's, Dimitris Pados, Pados, Wahoo, Wahoo Bay . Florida Atlantic University Pados, they'll, Wyre, We've Organizations: Shipwreck, Wahoo, Florida Atlantic University, MIT Media Lab, MIT, Business, US Navy, Center for Connected Autonomy, Artificial Intelligence, Wahoo Bay . Florida Atlantic University Locations: Pompano Beach , Florida, Wahoo, Wahoo Bay ., Pompano Beach, Wyre, Wahoo Bay
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk seems to be taking a page out of Donald Trump's playbook. This story is available exclusively to Business Insider subscribers. Musk admitted in his March interview with Don Lemon that he takes a "small amount" of ketamine every other week. Representatives for Musk didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon, Donald Trump's playbook, Trump, Musk, David Sacks, Chamath Palihapitiya, they've, Zuck, Mark Zuckerberg, Sam Altman, There's, Don Lemon, Lemon, Musk didn't Organizations: Service, White, Business, Tesla, SpaceX, Wall Street, Trump, Reuters, Republican, OpenAI, Microsoft, Representatives Locations: San Francisco
The official results from national elections last month just don’t add up for Mbalenhle Mthethwa, a loyal adherent of a new political party led by Jacob Zuma, South Africa’s former president. “The elections were not free and fair,” she said, echoing the stolen-election narrative advanced by Mr. Zuma. Ms. Mthethwa, a 38-year-old chef, lives in a township near the coastal city of Durban and has been out of work for the past four years. Mr. Zuma, 82, whose nine years as president were marred by allegations of corruption and looting of state coffers, has taken a page from the playbook of populist leaders of recent years — notably in the United States and Brazil. Vote-rigging claims in other nations have resulted in chaos, and South Africans will get a first look at how things might unfold on Friday, with Mr. Zuma’s party, uMkhonto weSizwe, known as M.K., vowing to boycott the first sitting of the newly elected Parliament.
Persons: Mbalenhle Mthethwa, Jacob Zuma, South, , , Zuma, Mthethwa, Mr, uMkhonto weSizwe Organizations: Mr Locations: Durban, United States, Brazil
Abercrombie & Fitch has transformed itself from a dying mall brand into a Wall Street darling after spending years revamping its product assortment, overhauling its supply chain and rebranding as an inclusive retailer. Shares of the apparel company have surged over the last year as it posted quarter after quarter of sales growth and profits that consistently topped Wall Street's expectations. Under the direction of CEO Fran Horowitz, Abercrombie has become one of the biggest winners in retail, but its turnaround was years in the making and far from an overnight success. Perhaps most importantly, Abercrombie rebranded itself into a more equitable retailer after it earned a reputation for racism, toxicity and exclusivity. To learn more about Abercrombie's comeback and what's ahead for the retailer after a year of meteoric growth, check out the video above.
Persons: Fitch, Fran Horowitz, Abercrombie, Horowitz Organizations: Abercrombie
AdvertisementDavid Solomon Goldman SachsPressure-cooker cultureWith signs suggesting mergers and acquisitions could soon return — including the megadeals Goldman specializes in — the firm's dealmakers are itching to end 2024 on a high note. In M&A, Goldman has fallen to No. AdvertisementMark Sorrell Goldman SachsGoldman is also seeking to become more interconnected across its business lines via the One Goldman Sachs program. "They figure that if they're talking to one person at Goldman Sachs, they're talking to everybody." The result, bankers said, is an M&A machine built to withstand threats like star dealmakers leaving for more-nimble rivals.
Persons: , Goldman Sachs, Bill Quinn, Goldman, Jacki Zehner, Rishi Bali, Hank Paulson, John Thornton, John Thain, David Solomon, Solomon, Dan Dees, What's, David Solomon Goldman Sachs, Gene Sykes, Alison, It's, LSEG, dealmaking, Goldman dealmakers, Momo Takahashi, We've, Mark Sorrell, Mark Sorrell Goldman Sachs Goldman, Sykes, they're, Sorrell, Dees, it's, Dan Dees Goldman Sachs, we're, John Waldron, Kim Posnett, that's, Timothy Ingrassia, Ingrassia, Stephan Feldgoise, I'm, Reed Alexander Organizations: Service, Business, Goldman, JPMorgan, playbook Bank, Wall Street, Competition, & $ Locations: Silicon Valley, London, New York City, Latin America
If it's any solace, the company was not really for Wall Street, either; its stock has been languishing over the past decade or so. Investors are eating it up: Abercrombie's stock a year ago, your returns would be better than that of almost any other stock, including the Wall Street darling Nvidia. "Can you and I think of another apparel retailer who literally reinvented themselves and then went to the moon with sales and earnings? When its longtime CEO exited the company at the end of 2014, its sales had declined for 11 consecutive quarters. AdvertisementAs opposed to the Abercrombie of 20 years ago, whose logos screamed A&F, the modern Abercrombie is muted.
Persons: Abercrombie, millennials, Gen Zers, Janet Joseph Kloppenburg, Fitch, Fran Horowitz, Zachary Warring, Horowitz, It's, Abercrombie doesn't, it's, " Horowitz, Women's, Kloppenburg, they're, Ali Grant, they've, They've, Emily Stewart Organizations: Abercrombie, Fitch, JJK Research, Outfitters, Netflix, Hollister, CFRA Research, Digital, Banana, Old Navy, Business Locations: cologne
Starbucks has launched two breakfast combo deals, pairing a coffee or tea with a croissant or breakfast sandwich. Bundling has long been standard practice in fast-food, but it's a surprise move for Starbucks. AdvertisementIn an unusual move for the coffee giant, Starbucks is getting into bundling by offering new $5 and $6 deals. The chain launched the two combo deals on Tuesday under what it calls its "pairings menu." Customers can get a 12-ounce iced or hot coffee or tea paired with a butter croissant​ from $5, or with a breakfast sandwich from $6.
Persons: Organizations: Starbucks, Service, Business
We do expect the labor market to cool, says TIAA's Mukherjee
  + stars: | 2024-06-11 | 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 EmailWe do expect the labor market to cool, says TIAA's MukherjeeNiladri 'Neel' Mukherjee, TIAA Wealth Management CIO, joins 'Money Movers' to discuss whether there will be room for the Federal Reserve to cut before year-end, how the playbook for equities plays out, and much more.
Persons: TIAA's Mukherjee Niladri, Neel, Mukherjee Organizations: TIAA Wealth Management, Federal Reserve
On a recent afternoon in Kyiv, a professor of literature and a stand-up comedian ​got together to talk about Russian colonialism, a subject that has become ​a preoccupation among Ukrainian activists, cultural figures and bookstore owners. ​The moderator of the discussion, which was recorded for a new podcast for Ukraine’s national public broadcaster, was Mariam Naiem, a graphic designer and former philosophy student who has become an unlikely expert on the topic. “This war is just the continuation of centuries of Russian colonization,” said Ms. Naiem, 32, ​referring to Russia’s full-scale invasion of Ukraine. “It’s the same playbook.”Russia’s long cultural and political domination of Ukraine, first through its empire and then the Soviet Union, had left an indelible mark, the podcast guests agreed, as they lamented being more fluent in Russian poems and films than in their own nation’s cultural treasures.
Persons: , Mariam Naiem, , Naiem, Locations: Kyiv, Ukraine, Soviet Union
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't be afraid to take profits from outsized gain, says Charles Schwab's Kevin GordonKevin Gordon, Charles Schwab senior investment strategist, joins 'Closing Bell' to discuss his stock playbook and his takeaways from today's jobs report.
Persons: Charles Schwab's Kevin Gordon Kevin Gordon, Charles Schwab
On top of that, the S & P 500 is trading at record levels thanks in large measure to the unrelenting momentum in Nvidia. Hot jobs growth + weaker-than-expected wage growth: The S & P 500 would advance 0.25% to 0.75% in this event, the traders said. In-line jobs growth + strong wage growth: This outcome indicates inflation persists given tight labor market conditions. Disappointing jobs growth + hotter-than-expected wage expansion: JPMorgan traders think this would be the worst outcome for market bulls, with the S & P 500 losing 1.25%-2%. JPMorgan expects the S & P 500 to rise, or fall, as much as 0.25%.
Persons: Dow Jones, stagflation Organizations: Federal Reserve, Nvidia, JPMorgan Locations: U.S
Longevity investor and XPrize founder Peter Diamandis uses a relatively elaborate multi-part system for getting better sleep. Martine Paris"The Oura ring doesn't help me sleep better," Diamandis said. "It helps me remain true to my commitment," by encouraging him to get at least seven hours of sleep per night. Carlina Teteris/Getty ImagesThe most important element of Diamandis' sleep routine is the timing. Sticking to this strict sleep schedule is the only way he can guarantee he gets close to eight hours of sleep each night.
Persons: , Peter Diamandis, it's, Diamandis, you'll, Kim Kardashian, Prince Harry, Mark Zuckerberg, Gwenyth Paltrow, Lance Armstrong, Martine Paris, Oura, Elon Musk, Mark Zuckerburg, Tim Ferriss, Carolyn Van Houten, he's Organizations: Service, Business, Washington, Getty
Read the full story on Biden’s announcement from CNN’s White House team. Trump and Biden remain very far apartIt’s still very true that their rhetoric on immigrants remains very different. “I’ll never refer to immigrants as poisoning the blood of a country,” Biden said at the White House. Expect challengesThe American Civil Liberties Union, which challenged Trump’s border actions when he was president, now plans to challenge Biden. “We continue to work closely with our Mexican neighbors instead of attacking Mexico,” Biden said at the White House, drawing a distinction between his approach and Trump’s.
Persons: Joe Biden, Donald Trump’s, Trump, Biden, Donald Trump, Go Nakamura, Reuters Biden, , ” Biden, ” Lee Gelernt, CNN’s Rosa Flores, Flores, Richard Cortez, ” Cortez, Priscilla Alvarez, Trump’s, Mexico’s, Harry Enten Organizations: CNN, White, Republicans, CNN’s White House, Trump, Reuters, Republican, American Civil Liberties Union, Immigrants, Rights, CNBC, Biden, Congressional Research Service, Department of Homeland Security Locations: Mexico, Eagle, , Texas, Piedras Negras, Hidalgo , Texas, Springs , California, Hidalgo County, United States, Iran
Adding to the concerns about supporters inciting or committing violence to avenge Trump are comments from Trump’s allies since the verdict. Will Trump’s smears of the verdict and his “breaking point” language escalate those threats and even potentially lead to violence from Trump’s supporters? One of Trump’s supporters who vowed to “not tolerate” the Mar-a-Lago search attacked an FBI field office, resulting in his death. Will Trump encourage protests outside of the New York courthouse on July 11, when he’s scheduled to be sentenced? But one thing is certain: Trump now understands he is no longer Teflon and that he could end up in prison.
Persons: Dean Obeidallah, Donald Trump, Trump, Don ”, John Gotti, Gotti, — alarmingly, , ” Trump, Adam Schiff, California, ” Schiff —, , Joe Biden, Todd Blanche, Laura Loomer —, , Carl Higbie, Justice Juan Merchan, Will Trump’s, Trump’s, Will Trump Organizations: CNN, Dean Obeidallah CNN, Fox News, Democratic, Associated Press, Republican National Committee, Trump, Twitter, New, FBI, Capitol Locations: , “ State, York County, Georgia, Iowa, New York, Washington, York
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