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☆ Jimmy Carter, the 39th U.S. president, is in hospice care
▼ + stars: | 2023-02-18 | by ( ) www.cnbc.com time to read: +7 min

Former President Jimmy Carter speaks to the congregation at Maranatha Baptist Church before teaching Sunday school in his hometown of Plains, Georgia on April 28, 2019. Former President Jimmy Carter, who at 98 years old is the longest-lived American president, has entered home hospice care in Plains, Georgia, a statement from The Carter Center confirmed Saturday. Jason Carter, the couple's grandson who now chairs The Carter Center governing board, said Saturday in a tweet that he "saw both of my grandparents yesterday. That's a staggering drop from when The Carter Center began leading the global eradication effort in 1986, when the parasitic disease infected 3.5 million people. I would not deserve to be your president," Carter said often as he campaigned.

☆ Jimmy Carter, 98, to receive hospice care
▼ + stars: | 2023-02-18 | by ( ) www.reuters.com time to read: +2 min

Feb 18 (Reuters) - Former U.S. President Jimmy Carter has decided to receive hospice care and "spend his remaining time at home with his family" instead of additional medical intervention, the Carter Center said on Saturday. Carter, 98, who has lived longer after leaving the White House than any former president in U.S. history, was a Democrat who served from January 1977 to January 1981. The Carter family asks for privacy during this time and is grateful for the concern shown by his many admirers," the center said in a statement. But Carter also played a central role in brokering the Camp David accords that led to the landmark Egypt-Israeli peace treaty. However, Carter rehabilitated his legacy as he worked energetically for decades on humanitarian causes.

☆ Biden secures landmark 100th judge, outpacing Trump
▼ + stars: | 2023-02-14 | by ( Sahil Kapur | ) www.cnbc.com time to read: +3 min

WASHINGTON — The Democratic-led Senate confirmed President Joe Biden's 100th federal judge on Tuesday, marking a milestone for the president and Majority Leader Chuck Schumer. On Monday, the Senate confirmed Cindy Chung to the 3rd U.S. She will be Biden's 69th confirmed district court judge. He has also secured Senate approval for 30 circuit court judges and one Supreme Court justice: Ketanji Brown Jackson. Biden and Democrats are outpacing former President Donald Trump and the Republican-led Senate — at this juncture, Trump had secured 85 judges.

☆ Investors need to embrace these stocks that we love
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Disney delivers, market rally back, another activist in Salesforce
▼ + stars: | 2023-02-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

The outlook for Club holding Wynn Resorts (WYNN) hasn't been this good since the Covid pandemic started. I've been saying more needs to be done to right the ship at this Club holding. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Michael Kors owner Capri cuts forecasts as demand slows, shares plunge 24%
▼ + stars: | 2023-02-08 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Feb 8(Reuters) - Michael Kors owner Capri Holdings Ltd (CPRI.N) on Wednesday cut its annual profit forecast and provided a dour outlook for 2024, blaming a slowdown in demand from department stores for its luxury handbags and apparel and sending its shares tumbling 24%. Capri said third-quarter sales fell 6%, driven by a 20% fall in revenue from its wholesale channel, which includes department stores and other retailers. Revenue for Michael Kors, Capri's biggest brand, fell 4.5% to $777 million in the Americas during the third quarter. Capri, which also owns Jimmy Choo and Versace, cut its annual sales forecast to $5.56 billion, from $5.70 billion. Analysts expect earnings per share of $7.24 on revenue of $6.03 billion.

☆ Michael Kors owner Capri shares plunge after revenue falls across the retailer's luxury brands
▼ + stars: | 2023-02-08 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

Shares of Michael Kors owner Capri Holdings plunged 20% in early trading Wednesday after the company missed earnings expectations and cut its annual profit forecast. Here's how the company did:Earnings per share: $1.84 vs. $2.22 expected by analysts, according to Refinitiv. Revenue: $1.51 billion vs. $1.53 billion expected by analysts, according to Refinitiv. Revenue fell across the company's luxury brands: Michael Kors revenue fell 7.2% year over year to $1.1 billion, Jimmy Choo revenue fell 5.6% to $168 million, and Versace revenue fell 0.8% to $249 million. Capri said it now expects full year 2023 sales of $5.56 billion, below analyst expectations of $5.72 billion, according to Refinitiv.

☆ Americans are pessimistic. With 2024 looming, Biden can't afford to squander the State of the Union.
▼ + stars: | 2023-02-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

His State of the Union address will likely highlight his administration's wins thus far. Biden has some real wins to tout — but he's running out of timeTonight, Biden will have the best opportunity of the year to bridge this divide. True, fewer Americans are watching State of the Union addresses than in the past. Presidents are supposed to say the state of the union is strong, while the opposition party casts a more dour outlook. Even as Americans are largely satisfied with their quality of life, they're still pessimistic about the general direction of the country.

Democrats voted this past weekend to say goodbye to Iowa as the first state on their presidential nominating calendar, a move likely to end the state's almost 50-year history leading off the Democratic race for president. Iowa has had a strong history of picking Democratic candidates that ultimately win the party's nomination — Jimmy Carter, Walter Mondale, Al Gore, John Kerry, Barack Obama and Hillary Clinton all won Iowa caucuses the year their party tapped them as its presidential nominee. But that wasn't the case in 2020, when Democrat Pete Buttigieg ultimately won a caucus mired by technological mishaps that delayed the reporting of the results for days. It was that mishap, along with concerns from many Democrats about the lack of diversity among the electorate picking winners in each of the first two nominating states (Iowa and New Hampshire) that helped pave the way for this weekend's vote. For more on the Democrats' history with the Iowa caucus, and how it's mattered in key presidential races over the years, check out this deep dive from ahead of the 2020 caucus written by NBC News and MSNBC National Political Correspondent Steve Kornacki.

WASHINGTON — The National Archives and Records Administration on Thursday requested that former presidents and vice presidents "conduct an assessment" to determine if they have any classified materials in their possession. Under the Presidential Records Act, all presidential and vice presidential records - including any classified documents - must be turned over to Archives by the end of their terms. A spokesperson for the Archives declined to comment on the letter, which was sent after classified documents were found at the homes of former Vice Presidents Joe Biden and Mike Pence, as well as an office Biden previously used. On Thursday, Bush's office responded to the Archives letter by saying, "Thank you for your note. Former Vice President Dan Quayle’s office said Thursday: “We have not received an inquiry from the National Archives.

☆ The National Archives wants former presidents and vice presidents to see if they have any classified documents stashed anywhere
▼ + stars: | 2023-01-26 | by ( Natalie Musumeci | Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

The NARA has reportedly reached out to representatives of former presidents and vice presidents. NARA wants them to check their records for classified information, according to a letter seen by CNN. Reps for Obama, George W. Bush, and Clinton have told Insider they don't have classified documents. The request comes after classified documents were found in recent months at the homes and offices of President Joe Biden, former President Donald Trump, and former Vice President Mike Pence. Bush and Ronald Reagan, and former Vice Presidents Mike Pence, Biden, Dick Cheney, Al Gore and Dan Quayle, CNN reported.

☆ National Archives asks former U.S. presidents, VPs to check for classified documents- CNN
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, Jan 26 (Reuters) - The National Archives asked former U.S. presidents and vice presidents on Thursday to re-check their personal records for any classified documents or other presidential records after the discovery of such documents in the possession of former President Donald Trump, President Joe Biden and former Vice President Mike Pence, CNN reported. The National Archives and Records Administration, or NARA, sent a letter to representatives of former presidents and vice presidents from the last six presidential administrations covered by the Presidential Records Act (PRA), the report added. A spokesman for former President Barack Obama told Reuters when asked about possible classified documents that his office had been given a "clean bill of health" by the National Archives. Former President Jimmy Carter did not receive a letter from the National Archives, since the Presidential Records Act took effect after he left office. The National Archives has come under criticism from Republicans who say it has not been transparent in the documents cases.

☆ Classified records pose conundrum stretching back to Carter
▼ + stars: | 2023-01-25 | by ( ) www.cnbc.com time to read: +9 min

The mishandling of classified documents is not a problem unique to President Joe Biden and former President Donald Trump. He contrasted that pattern for top officials to senators, who are required to retain classified materials in secure rooms at the Capitol. It's notable that Carter signed the Presidential Records Act in 1978 but it did not apply to records of his administration, taking effect years later when Ronald Reagan was inaugurated. Former President Bill Clinton's office said, "All of President Clinton's classified materials were properly turned over to NARA in accordance with the Presidential Records Act." The power to change or amend how classified documents are handled rests largely with the president.

☆ Bill Clinton, George W. Bush, and Barack Obama say they have no classified documents
▼ + stars: | 2023-01-25 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Joe Biden, Donald Trump and Mike Pence are all facing classified documents controversies. Former presidents Clinton, Bush, and Obama say they don't have any classified documents. Clinton's office similarly says, "All of President Clinton's classified materials were properly turned over to NARA in accordance with the Presidential Records Act." "NARA has never issued any such statement and is not aware of any missing boxes of Presidential records from the Obama administration." Biden, Trump and former Vice President Mike Pence are each facing controversies over the improper storage of classified documents.

☆ Capri names insider Cedric Wilmotte as CEO of Michael Kors
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

Jan 23 (Reuters) - U.S. luxury group Capri Holdings Ltd (CPRI.N) on Monday named company veteran Cedric Wilmotte as the chief executive officer of its Michael Kors brand. Wilmotte, 48, who will take charge from April 3, recently served as the interim CEO of the group's Versace brand and is currently the label's chief operating officer. He previously led Michael Kors' EMEA (Europe, Middle East, Africa) business from 2008 to 2021. In March, Capri said the head of its Michael Kors brand, Joshua Schulman, who was set to become the group's top boss later in the year, would exit. Schulman was named Michael Kors' chief executive in August 2021.

☆ Jim Cramer's top 10 things to watch in the market Monday: Industrials, Salesforce activists, semis
▼ + stars: | 2023-01-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Another activist investor, Elliott Management, takes a big stake in Club holding Salesforce (CRM), according to media reports . Same upgrade for Club holding Advanced Micro Devices (AMD); PT increase to $85 from $70. Club holding Ford (F) will have to lower prices for Mustang Mach-E. Not much competition for F-150 Lightning EV pick-up. JPMorgan downgrades Levi Strauss (LEVI) to neutral from overweight (buy); cuts price target by $2 to $17 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The case for investing in China's reopening is strong. Here's how to proceed with caution
▼ + stars: | 2023-01-19 | by ( Patti Domm | In | ) www.cnbc.com time to read: +11 min

Strategists see China's markets easily scoring double-digit gains this year. The case for investing outside the U.S. is strong, particularly with the dollar coming off its highs and looking at further downside. "While China's reopening is undoubtedly a turning point, there remain reasons to be cautious," wrote Barclays equity strategists. But still the prospects for China's economy are much brighter than they were just several months ago. The Covid lockdown has been so damaging to the Chinese economy, they want to get back to a growth path in 2023."

☆ Cramer sees bullish signs starting to emerge in the stock market, just not in the same places as before
▼ + stars: | 2023-01-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Case in point: Mike Wilson, the genius of 2022, the strategist who was the most negative — and, therefore, the most right. Seven days ago, he predicted the bank earnings, the kick-off, would jolt the market by coming in sharply below expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ The first quarter could determine how good or bad the new year will be
▼ + stars: | 2023-01-01 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The first quarter of the third year of a presidential term is consistently the best quarter for S & P 500 performance, according to CFRA data. "If everyone says the first half is going to be bad and the second half is going to be good, it could be the opposite. "The timing of the economic rebound probably starts in the second quarter so the market can look forward to it," he said. "Right now it's estimated to be down 3% year-on-year … We are looking at an earnings recession which is typically coincident with an economic recession." The second quarter is expected to be down 2.3%.

☆ Barbara Walters, pioneering TV journalist who began on ‘TODAY,’ dies at 93
▼ + stars: | 2022-12-31 | by ( Ethan Sacks | Ethan Sacks Writes For Nbcnews.Com. | ) www.nbcnews.com time to read: +8 min

Barbara Walters, the pioneering TV broadcaster who blazed a trail for women in a male-dominated medium, died Friday. “Barbara Walters proved to be the evolutionary step between Edward R. Murrow and Oprah Winfrey.”Barbara Walters interviews Ronald Reagan in 1980 for ABC News. NBCMcGee, who died shortly after being partnered with Walters, demanded that he ask three questions to every one of Walter’s in studio interviews. So, Walters started fielding interviews outside the studio, quickly building a reputation as an incisive and probing questioner. After nearly 60 years in journalism, Walters announced she was retiring in 2014.

☆ 2023 could end up a better year for markets, but it likely won't start off that way
▼ + stars: | 2022-12-31 | by ( Patti Domm | In | ) www.cnbc.com time to read: +12 min

As a very painful market year exits, Wall Street's strategists expect 2023 will end on a much better note —even if the path there continues to be highly volatile. I think the Fed will likely be overtightening the economy into this recession." So rates could rise before heading lower in the second half, and that environment will be better for stocks. Rieder said 2023 is going to a banner year for fixed income, and "not so much because it's going to be rates rallying so much," he said. "I think rates still have some upside," said Rieder.

☆ Trials, pardons, prison time: How Trump's legal woes could play out and what it means for 2024
▼ + stars: | 2022-12-26 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +15 min

The warrant also indicated that the Justice Department was investigating whether Trump violated three federal laws, including the Espionage Act, related to the handling of national security information. Here are some possibilities:The investigations conclude with no charges filedIn the US's 250-year history, no ex-commander in chief has ever faced criminal charges. In all, the former president, if convicted, would be facing up to 33 years of incarceration, according to legal experts. That begs the question: If Trump is charged, convicted, and winds up in prison, can he still run for president in 2024? He made headlines during his presidency for wondering why he couldn't have "my guys" at the "Trump Justice Department" do his bidding.

AFTER THREE YEARS of upheaval and change, many women are realizing their old wardrobes are no longer a good fit—both literally and figuratively—for their post-pandemic selves. Here, two writers of different generations seek guidance on suiting up for their next chapters. The Woman in her 40s: Baze MpinjaA couple of months ago, I went to a sample sale for the first time since the pandemic began. For instance: While most of my fellow crazed shoppers were throwing elbows to snag sky-high pumps, I only had eyes for kitten heels. Apparently, after years of working from home in cozy socks or sneakers, I’m no longer interested in suffering for chic footwear—even if I can get it at a deep discount.

☆ 'How dare he?' New Hampshire seethes at Biden's planned changes to the 2024 Democratic presidential primaries
▼ + stars: | 2022-12-18 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +9 min

“How dare he?” Laurie Jasper, a member of the New Hampshire Federation of Republican Women, said. Salting the wound was the revelation that South Carolina hadn’t even asked to be first, and officials there contend they were as surprised as anyone to be handed the spot. In South Carolina, the majority of Democratic primary voters are African American. “North Carolina is more diverse than South Carolina. Democrats say they aren’t about to retreat behind South Carolina and anyway, they can’t.

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