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☆ Special counsel issues report criticizing FBI for launching Trump-Russia investigation
▼ + stars: | 2023-05-15 | by ( Ken Dilanian | ) www.cnbc.com time to read: +6 min

The special counsel who spent four years investigating the Trump-Russia probe accused the FBI of acting negligently by opening the investigation based on vague and insufficient information in a sweeping 300-page report made public Monday. The FBI responded to the report, indicating that the missteps identified by Durham have already been addressed. Durham's report examines in painstaking detail various aspects of the now infamous FBI investigation code-named "Crossfire Hurricane," which led to the appointment of Special Counsel Robert Mueller. Durham's investigation found that at the time, neither the FBI nor CIA had any intelligence suggesting an improper relationship between Trump and Russia. Durham appears to suggest that the intelligence information should have given the FBI pause in its pursuit of allegations involving the Trump campaign.

☆ Stocks week ahead: SVB and Signature Bank execs are set to testify next week
▼ + stars: | 2023-05-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

The US Senate Committee on Banking, Housing and Urban Affairs is holding three hearings this coming week centered around the collapses of Silicon Valley Bank and Signature Bank in March. ET : Greg Becker, former chief executive, Silicon Valley Bank; Scott Shay, former chairman and co-founder, Signature Bank and Eric Howell, former president, Signature Bank. ET : Mark Bialek, inspector general, Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau; Paul Kupiec, senior fellow, American Enterprise Institute and more. Since then, the Federal Reserve and Federal Deposit Insurance Corporation have released reports detailing management missteps at SVB and Signature Bank, as well as federal regulators’ own mistakes in properly addressing red flags preceding the banks’ demises. A separate report from the Federal Reserve Bank of New York on Friday shows that American households are becoming increasingly frugal.

☆ AirPods Pro 2 are $50 off today - a steal for these incredible noise-cancelling earbuds
▼ + stars: | 2023-05-11 | by ( Brendan Griffiths | Senior Commerce Director | ) www.businessinsider.com time to read: +4 min

Our favorite AirPods Pro 2 deal is back, so act fast if you want to save a massive $50 off the MSRP right now. This deal pops up every few months but never lasts more than a day or so given how popular the excellent noise-canceling earbuds have become. Today's best AirPods Pro 2 dealNo iPhone? Mic quality is good in quiet rooms and does a good job of blocking out outside noise in busier environments. Be sure to take a look at Antonio's AirPods Pro 2 review.

☆ Trump’s latest court loss may not hurt primary bid, but some Republicans raise alarm about 2024 viability
▼ + stars: | 2023-05-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

He would not win the White House. The unanimous jury verdict was vindication for Carroll and offered a symbolic win for other women who have made assault allegations against the president. Many White House hopefuls have exited presidential races for less. Nikki Haley or prospective White House contender, Florida Gov. House Speaker Kevin McCarthy characteristically dodged commenting on the verdict after leaving debt crisis talks at the White House on Tuesday.

☆ Slower US job growth expected in April; unemployment rate seen rising to 3.6%
▼ + stars: | 2023-05-05 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The unemployment rate is forecast to have risen to a still historically low 3.6%. "The labor market is slowly bending, but not breaking," said Sam Bullard, a senior economist at Wells Fargo in Charlotte, North Carolina. "There is continued resilience in the labor market right now, but the trend is one that is continuing to see a decelerating pace of momentum." The service-providing sector likely accounted for most of the anticipated job gains in April. WAGE GAINS MODERATEAverage hourly earnings are expected to have risen by 0.3% in April, matching March's gain.

☆ ‘Yellowstone,’ TV’s Hit Western, Will End Its Run After This Season
▼ + stars: | 2023-05-05 | by ( Marc Tracy | ) www.nytimes.com time to read: +1 min

The current season of “Yellowstone,” the Western starring Kevin Costner that became one of the most popular shows on television, will be its last, Paramount announced Friday. The series, which airs on the Paramount Network, will be followed by a new “Yellowstone” sequel — created, like the original, by Taylor Sheridan — that will start in December, Paramount said. The sequel will air on the Paramount Network, a cable channel, and later on the Paramount+ streaming platform. Its Season 4 finale was the most-watched scripted program in 2022, Variety reported, with more than 13 million viewers. And the Season 5 premiere last November exceeded that with more than 17 million viewers, according to Paramount.

☆ US proposes new checks on land sales to foreigners near military bases
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, May 5 (Reuters) - Buying land near eight U.S. military bases could become more difficult for foreign companies and citizens under a Treasury Department rule proposed by the Biden administration on Friday. Grand Forks Air Force Base houses air and space operations and includes a unit that operates military drones. The Air Force, Republican senators and community members voiced opposition to the real estate deal. The Grand Forks City Council in February voted to terminate its development agreement with Fufeng, preventing it from building the mill. North Dakota Senator Kevin Cramer welcomed news of the proposed rule, which could have blocked the land sale to Fufeng.

CNN —Kevin Costner and his wife of over 18 years Christine Baumgartner have announced they are going their separate ways. The pair initially met on a golf course, and years later reconnected at a restaurant opening. Costner and Baumgartner share three children, and Costner also has four other children from previous relationships, including with his first wife Cindy Silva, to whom he was married from 1978 to 1994. In February, one month after Costner won a Golden Globe for his performance on “Yellowstone,” he made reference to his wife on social media, who helped celebrate his achievement when they were unable to attend the awards event due to flooding near their home. “We watched from home and it wasn’t the same,” Costner said in a video as he recounted what it was like to watch the show remotely.

☆ Biden should sanction Huawei Cloud, other Chinese firms -senators
▼ + stars: | 2023-04-25 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, April 25 (Reuters) - A group of nine Republican senators on Tuesday urged the Biden administration to impose sanctions on Huawei Cloud and other Chinese cloud service providers, citing national security concerns, according to a letter seen by Reuters. The senators said Huawei Cloud launched its "Sky Computing Constellation" in co-sponsorship with Changsha Tianyi Space Science and Technology Research Institute also known as "Spacety China" in 2021. Alibaba Cloud, a subsidiary of Alibaba Group Holding Ltd (9988.HK), did not immediately comment. Reuters reported in January 2022 that the Biden administration was reviewing the cloud business of e-commerce giant Alibaba to determine whether it poses a risk to U.S. national security. The letter said the Biden administration should consider further investigation or actions against China’s other cloud service providers including Baidu Cloud and Tencent Cloud which may impact U.S. national security.

The triumphant pair on Sunday will also receive a two-year exemption on the PGA Tour. The Fitzpatrick brothers will pair together at the Zurich Classic. The golf world is very different from when I started to when he’s playing now so he’s going to focus on the Challenge Tour probably, he’s excited for that. Yet Fitzpatrick – dubbed the hardest-working golfer on the PGA Tour – has no intention of accepting his place in the food chain. “I’m constantly looking at ways to improve and get better, and that’s what’s really important is to keep pushing myself and try and catch them up.”

☆ Oklahoma official caught on tape talking about lynching Black people and killing reporters resigns
▼ + stars: | 2023-04-19 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Jennings was caught on tape talking about lynching Black people and killing reporters. In the recording, Jennings also appears to complain about not being able to hang Black people, saying: "They got more rights than we got." The newspaper has filed a lawsuit against the sheriff's office seeking body camera footage and other records connected to Barrick's death. On Tuesday, the Oklahoma Sheriff's Association, a voluntary membership organization and not a regulatory agency, held an emergency meeting of its board. It voted unanimously to suspend Clardy, Manning and Hendrix from the association.

☆ Blue Jays end Rays perfect start to season with 6-3 win
▼ + stars: | 2023-04-15 | by ( Steve Keating | ) www.reuters.com time to read: +2 min

[1/5] Apr 14, 2023; Toronto, Ontario, CAN; Toronto Blue Jays relief pitcher Jordan Romano (68) prepares to throw out Tampa Bay Rays catcher Christian Bethancourt (14) for the final out in the ninth inning in a 6-3 Blue Jays win at Rogers Centre. Mandatory Credit: Dan Hamilton-USA TODAY SportsTORONTO, April 14 (Reuters) - The Tampa Bay Rays perfect start to the season came to an ugly end with a 6-3 loss to the Toronto Blue Jays on Friday as the 1884 St. Louis Maroons all-time record remained out of reach. But Tampa's record chase was undone in a horrific fifth inning that saw the Blue Jays bust open a tight 2-1 contest scoring four runs with much of the Tampa Bay damage self-inflicted. "Everything just didn't go our way that inning," Rays manager Kevin Cash told reporters. The Rays were playing from the back foot from the very start with Rasmussen serving up a solo home run to Jays leadoff man George Springer.

☆ Biden administration proposes most aggressive climate regulations in U.S. history
▼ + stars: | 2023-04-12 | 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 EmailBiden administration proposes most aggressive climate regulations in U.S. historyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Sen. Kevin Cramer, R-N.D., joins the show to discuss the White House's push to accelerate EV growth.

☆ Jobs report raises probability of 25 basis point hike in May, says New Edge Wealth CIO
▼ + stars: | 2023-04-10 | 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 EmailJobs report raises probability of 25 basis point hike in May, says New Edge Wealth CIOCameron Dawson, New Edge Wealth CIO, and Kevin Cummins, Chief U.S. economist at NatWest Markets, join 'Squawk Box' to discuss the latest jobs numbers, and key economic data to look forward to in the week ahead.

☆ AirPods Pro 2 price crash deal returns: Don't let it sell out again
▼ + stars: | 2023-04-06 | by ( Brendan Griffiths | Senior Commerce Director | ) www.businessinsider.com time to read: +3 min

If you missed out on last month's excellent AirPods Pro 2 deal, then you're in luck as Amazon has just discounted them again to just $199.99, that's just 99 cents off Amazon's all-time low. Today's best AirPods Pro 2 dealNo iPhone? If you do want to be aware of your surroundings, when running outdoors perhaps, the transparency mode is excellent at feeding outside noise in. Mic quality is good in quiet rooms and does a reasonable job blocking out outside noise in busier environments. Be sure to take a look at Antonio's AirPods Pro 2 review.

☆ Teachers in England reject pay offer, announce further strikes
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 3 (Reuters) - Teachers in England have overwhelmingly rejected a pay offer from the British government aimed at ending a series of disruptive strikes, their trade union said on Monday, announcing two further days of walkouts. The National Education Union, Britain's largest education union, said 98% of teachers who voted in the ballot followed its advice to reject the offer of a one-off payment this year of 1,000 pounds and an average pay rise of 4.5% in the next financial year. The union said teachers would take two further days of strike action, on April 27 and May 2. Teachers in Wales have ended their strike action after voting to accept a pay offer comprising an additional 3% pay award for 2022/23 alongside a 1.5% one-off payment, and a government-funded 5% rise for the following year. Scotland's largest teaching union has also accepted a pay deal to end long-running strikes, which it said would amount to a 14.6% increase in pay for most teachers by January 2024.

☆ The Taliban has detained a British influencer who says he travels to 'dark' and 'extreme' places for fun
▼ + stars: | 2023-04-02 | by ( Sarah Al-Arshani | ) www.businessinsider.com time to read: +2 min

The Taliban has detained a British man who says he likes to travel to extreme places for fun. The Taliban has not given details publicly about why they detained Routledge. Miles Routledge, 23, has posted on YouTube and Twitter about his travels in dangerous places, including in parts of Afghanistan. According to the BBC, in unrelated incidents, the Taliban also detained 53-year-old Kevin Cornwell, who is a British paramedic working for a charity. The Telegraph reported that the Taliban detained Routledge on or around March 2, alongside two Polish nationals.

☆ Three British men being held in Taliban custody in Afghanistan, Sky News reports
▼ + stars: | 2023-04-01 | by ( ) www.reuters.com time to read: 1 min

April 1 (Reuters) - Three British men are being held in Taliban custody in Afghanistan, including so-called "danger tourist" Miles Routledge, Sky News reported on Saturday. The other two men are charity medic Kevin Cornwell and another unidentified UK national who manages a hotel in Kabul, the report said. "We are working hard to secure consular contact with British nationals detained in Afghanistan and we are supporting families," a spokesperson for Britain's Foreign, Commonwealth and Development Office (FCDO) told Reuters in a statement, but did not confirm the details of the British nationals. Routledge has gained fame, and attracted controversy, by travelling to dangerous countries and posting about it online. Reporting by Maria Ponnezhath and Rahat Sandhu in Bengaluru Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Many Startups Operate Without a CFO. That Was a Challenge as SVB Collapsed
▼ + stars: | 2023-03-29 | by ( Anna Mutoh | ) www.wsj.com time to read: +1 min

Silicon Valley Bank marketed itself to startups, which may have leaned more heavily on it for financial guidance in the absence of an in-house chief financial officer. When Kevin Lee on the morning of March 9 first heard that Silicon Valley Bank could be in trouble, the 32-year-old co-founder of Immi instant ramen frantically called his partner. “I’m concerned there will be a bank run,” Mr. Lee said he told Kevin Chanthasiriphan , 34, who soon after wired their entire $15 million in capital out of SVB and into fintech provider Brex Inc. where they also had a business account. Messrs. Lee and Chanthasiriphan, who call themselves the “the Kevins,” launched Immi three years ago, reinventing ramen as a low-carb, high-protein and fully plant-based instant food. Just a week before the run on SVB, the Kevins announced a $10 million series A funding that included a bevy of celebrity investors such as tennis player Naomi Osaka , R&B singer Usher and speedskater Apolo Ohno , and were poised for a period of rapid growth with revenue up sixfold last year.

☆ Sen. Rand Paul says the GOP would 'permanently lose elections for a generation' if TikTok is banned
▼ + stars: | 2023-03-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Sen. Rand Paul is speaking out against a possible ban on TikTok, contradicting much of his own party. He said a ban amounts to a "national strategy to permanently lose elections for a generation" for the GOP. "Before banning TikTok, these censors might want to discover that China's government already bans TikTok," wrote Paul. In recent weeks, calls to ban TikTok over concerns over Chinese government surveillance have only grown in Washington. Marco Rubio of Florida and Josh Hawley of Missouri, who have both introduced nationwide TikTok ban bills.

The chief judge has sole discretion over sealed federal grand jury proceedings. As chief judge, Boasberg is poised to rule on certain legal arguments raised in the grand jury probes, including efforts to restrict witnesses from testifying. Grand jury proceedings are kept from public view. Another special counsel, Robert Hur, was named by Garland in January to look into classified records found at Biden's home in Delaware and former office in Washington. During her tenure as chief judge, Howell regularly heard legal arguments in special counsel investigations.

☆ Amazon sued for not telling New York store customers about facial recognition
▼ + stars: | 2023-03-16 | by ( Kevin Collier | ) www.cnbc.com time to read: +2 min

People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York. Amazon did not alert its New York City customers that they were being monitored by facial recognition technology, a lawsuit filed Thursday alleges. The lawsuit says that Amazon only recently put up signs informing New York customers of its use of facial recognition technology, more than a year after the disclosure law went into effect. Perez is represented by the Surveillance Technology Oversight Project, a legal advocacy group devoted to New York privacy protections.

☆ Two top market watchers on why the picture has changed dramatically in market leadership
▼ + stars: | 2023-03-15 | 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 EmailTwo top market watchers on why the picture has changed dramatically in market leadershipKevin Caron of Washington Crossing Advisors and Quincy Krosby of LPL Financial discusses how the markets and investors need to navigate around tighter financial conditions and seek higher quality names.

☆ Consumer inflation may have cooled in February but only slightly
▼ + stars: | 2023-03-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Consumer inflation may have cooled off a little in February, but economists expect it is still running at a high pace. The consumer price index, expected Tuesday morning, is forecast to show headline inflation rose 0.4% last month, or 6% from the prior year, according to economists polled by Dow Jones. Core inflation, excluding food and energy, is expected to be higher by 0.4% and the annual pace is expected to be 5.5%. Tom Simons, money market economist at Jefferies, expects the Fed to stick with a quarter-point rate hike in March. By stopping here, it exposes them to risk of inflation expectations reaccelerating," said Simons.

☆ The bond market's recession warning has gotten more urgent
▼ + stars: | 2023-03-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

The bond market is sending a more urgent recession warning and also signaling that the Federal Reserve may have to pause raising interest rates — giving up its fight against inflation. The sharp move in the 2-year yield also resulted in a rapid steepening of the yield curve. "The steepening always starts to happen because the market expects the Fed to cut rates in response to that recession." DoubleLine Capital CEO Jeffrey Gundlach also said the "aggressively steepening" of the Treasury yield curve after inversion is "highly suggestive of imminent recession." The 2-year yield jumped above 5% after he spoke.

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