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☆ Pretium CEO: Getting renters into home-ownership communities presents better opportunities
▼ + stars: | 2023-05-04 | 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 EmailPretium CEO: Getting renters into home-ownership communities presents better opportunitiesDon Mullen, Pretium Founder and CEO, sits down with Brian Sullivan at the Milken Institute Global Conference in Beverly Hills, CA to discuss his real estate business model and the state of housing in the U.S.

☆ BNP Paribas USA Chairman on the banking crisis: "I've never seen anything like this in my 40 years of banking"
▼ + stars: | 2023-05-04 | 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 EmailBNP Paribas USA Chairman on the banking crisis: "I've never seen anything like this in my 40 years of banking"Jean-Yves Fillion, Vice Chairman of BNP Paribas USA, sits down with Brian Sullivan at the Milken Institute Global Conference in Beverly Hills, CA on the challenges facing the banking sector.

☆ UAE's Aldar Properties to hold off further Egypt investments for now
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

DUBAI, May 3 (Reuters) - Aldar Properties (ALDAR.AD) will hold off any further investments in Egypt until conditions there stabilise, a senior executive said, as the Abu Dhabi real estate developer reported a 22% jump in first quarter profit on Wednesday. Aldar issued a bourse statement later on Wednesday to reaffirm its commitment to being a long term investor in Egypt. He said the company would only tap debt markets opportunistically, and was in a comfortable liquidity position, with 6.1 billion dirhams in free cash and 4.4 billion dirhams available in undrawn facilities. Aldar reported net profit of 836 million dirhams ($228 million) in the first quarter, up 22% year on year, while revenue rose 14% to 3.1 billion dirhams. Increased demand from overseas and resident expatriate buyers resulted in record quarterly development sales of 4.5 billion dirhams.

☆ Democrats harden their message on the debt ceiling while quietly paving the way for a deal
▼ + stars: | 2023-05-02 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

"He is not going to negotiate on the debt ceiling, that is not going to change." Schumer's maneuversIn the Senate, where Democrats have the majority, Schumer ripped a bill House Republicans passed last week. The measure would raise the debt ceiling in exchange for massive cuts to discretionary federal spending. There are two ways for Congress to avoid a looming debt default: The first is by voting to raise the statutory debt limit, currently set at $31.4 trillion. When Senate Minority Leader Mitch McConnell spoke on the Senate floor immediately after Schumer, he did not mention the debt ceiling.

The Democrat-led board in a 3-1 decision said it was reverting back to a decades-old "setting specific" test for determining when workers' abusive conduct is still protected by federal labor law. Lion claimed the worker's conduct was so offensive that the firing was warranted, but the board disagreed and ordered the company to reinstate him. In a statement, NLRB Chair Lauren McFerran said the General Motors decision broke with decades of court precedent and failed to adequately consider the rights of workers. The board since at least the 1970s had analyzed on a case-by-case basis whether offensive conduct made in the course of a workplace dispute is protected. The case is Lion Elastomers LLC, National Labor Relations Board, No.

☆ Employee Monitoring and Surveillance
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +50 min

Ensuring Employee Safety and Systems SecurityEmployers may use electronic workplace monitoring and surveillance to protect their:Worksites. Potential Liability for Electronic Workplace Monitoring and SurveillanceEmployers that engage in electronic workplace monitoring and surveillance must comply with various federal and state laws, including:The Wiretap Act. Best Practices for Electronic Workplace Monitoring and SurveillanceTo avoid violating relevant state and federal laws, before conducting workplace monitoring and surveillance, employers should:Consider the purpose and appropriate scope of their monitoring and surveillance activities and what methods will help them achieve their objectives. Determine the Purpose of Workplace Monitoring and SurveillanceBefore conducting any workplace monitoring or surveillance, best practice is for employers to identify the purpose and goals of these activities to:Ensure that there is a legitimate business purpose for the planned monitoring and surveillance activities. Determine the scope of monitoring and surveillance necessary to accomplish the business purpose, and conduct only the minimum monitoring and surveillance necessary to meet that business need.

☆ Don't let the patriotic talk fool you. Here are 5 ways JPMorgan stands to win from buying First Republic Bank.
▼ + stars: | 2023-05-01 | by ( Emmalyse Brownstein | Carter Johnson | ) www.businessinsider.com time to read: +8 min

JPMorgan on Monday morning emerged as the white-knight buyer of First Republic Bank. More wealth advisors for high-net-worth clientsJPMorgan's wealth management ambitions will also get a boost from its purchase of First Republic. The smaller bank has about 150 high-end advisors who will join JPMorgan's brokerage business unit, JPMorgan Advisors. "If they can retain the wealth advisors and not lose too many more, I think it will be very advantageous. "This helps bring the bank crisis phase to the home stretch in our view," wrote Wells Fargo's Mayo.

"The Republicans have raised the debt limit. McCarthy bridged deep divides among House Republicans to get the bill passed. McCarthy called on Biden to begin negotiations on a debt limit increase and spending-cut bill and for the Senate to either approve the House bill or to pass its own. The House bill would increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first, raising the specter of another round of negotiations during the 2024 presidential campaign. The White House has called on Congress to raise the debt limit without conditions, as it did three times under Biden's Republican predecessor, Donald Trump.

April 27 (Reuters) - As wildfire season approaches, U.S. officials along the West Coast are working hard to mitigate risks with prescribed burns, while a widespread educational campaign is underway to create buffers around fire-prone homes. In Washington state, Department of Natural Resources Commissioner Hillary Franz is working on reversing negative perceptions surrounding prescribed fires. The test fires were lit ahead of a full prescribed burn. "It's a frustrating emotional roller coaster," said Stenbeck, standing on top of Bogg's Pit, the DNR-owned land that has been the focus of a prescribed burn since late last year. "It's important that people make sure there is space between their vegetated fuel and their homes ... once we have a wildfire, embers move quickly.

A 2011 standoff led to a downgrade of the government's credit rating, which pushed borrowing costs higher and hammered investments. "The Republicans have raised the debt limit. McCarthy called on Biden to begin negotiations on a debt limit increase and spending-cut bill and for the Senate to either approve the House bill or to pass its own. House Speaker Kevin McCarthy (R-CA) walks following a closed door meeting on Captiol Hill in Washington, U.S., April 26, 2023. The White House has called on Congress to raise the debt limit without conditions, as it did three times under Biden's Republican predecessor, Donald Trump.

☆ Fact Check-Video doesn’t show a ransacked Walmart in April 2023 in Fairfield, California
▼ + stars: | 2023-04-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video showing a ransacked supermarket with an alarm blaring in the background dates to at least 2020 and contrary to online claims, it does not show an April 2023 incident in Fairfield, California. “Fairfield, California Walmart...,” reads a tweet sharing the video (here) (archive.is/YcqlK). Walmart Media Relations senior manager Robert Arrieta told Reuters in an email that the incident in the video did not happen at a Fairfield, CA store. The Fairfield, CA police said in an April 20, 2023 tweet that no such incident took place in Fairfield (here). Video of ransacked supermarket dates to at least 2020 and was not filmed at a Walmart store in Fairfield, CA in 2023.

☆ Alzheimer's: Medicare will cover Leqembi for all patients if FDA approves drug, CMS chief says
▼ + stars: | 2023-04-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Medicare will cover the new Alzheimer's treatment Leqembi for all patients eligible under the medication's label if the Food and Drug Administration fully approves the drug in July, a federal official told members of Congress on Wednesday. Brooks-LaSure faced pointed criticism from Democrat and Republican members of the House Subcommittee on Health over Medicare's controversial coverage policy for new Alzheimer's treatments. The Food and Drug Administration approved Leqembi, which is a collaboration by Biogen and Eisai antibody treatment, on an expedited basis in January. But Medicare, which primarily provides health coverage to senior citizens, currently will only cover the majority of costs for Leqembi for patients participating in federally approved clinical trials. "When FDA approves the drug, whichever populations they say it is appropriate for, that will be the basis of which people will get the drug," she said.

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Chipotle, Ford, Disney, Nvidia, Sunrun & more
▼ + stars: | 2023-04-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"We upgrade ALLY to Neutral (from Underperform) and raise our PO to $28 from $24, implying ~8% upside potential." Goldman Sachs reiterates Apple as buy Goldman said in its Apple earnings preview note that "solid iPhone demand to offset Mac weakness." Wells Fargo names Disney a top pick in media Wells said in a note on Monday that Disney is the "best opportunity in media." JPMorgan reiterates Ford & General Motors as overweight JPMorgan said in an earnings preview note that it's standing by both automakers heading into earnings tomorrow for GM and next week for Ford . Mizuho initiates Tencent Music Entertainment as buy Mizuho said in its initiation of the China music company that the stock has upside potential. "

CNN —Canada has told its citizens in Sudan that evacuations are “not possible at this time” due to the closure of airspace amid fierce fighting between rival forces. Earlier on Saturday, Saudi Arabia said it had evacuated Canadian nationals from Sudan to Saudi Arabia. However, the Saudi Ministry of Foreign Affairs did not provide the number of Canadians it had helped to evacuate. There are 1,596 Canadians signed up to the Registration of Canadians Abroad Service in Sudan but this number provides only an estimate of Canadians in Sudan as registration is voluntary. Canadian citizens can register through the Registration of Canadians Abroad service on the Travel.gc.ca site.

☆ How to put your best travel foot forward for Earth Day 2023
▼ + stars: | 2023-04-22 | by ( Forrest Brown | ) edition.cnn.com time to read: +20 min

But you don’t have to totally cut out travel or stay super close to home to be a good planetary citizen. You need a city that’s dedicated to getting it right to best enjoy an urban biking vacation. Here, we've curated 30 of our favorite corners, including the Thu Bon River, which flows through central Vietnam. A maze of rivers and caves, the UNESCO World Centre is defined by its craggy limestone facades and jade green water. Bruno De Hogues/Photodisc/Getty Images Phong Nha-Ke Bang National Park: A UNESCO World Heritage, Phong Nha-Ke Bang National Park is heaven for spelunkers.

☆ Wells Fargo loves these three regional banks and thinks one will rally 50%
▼ + stars: | 2023-04-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The lack of major outflows from many regional banks suggests that there are several stocks in the industry that could be big winners for investors, according to Wells Fargo. They expanded that optimism on Thursday evening by reiterating overweight ratings on Banc of California , East West Bancorp , F.N.B. Banc of California is the name of the three where Wells Fargo is the most bullish. Wells Fargo called Banc of California's deposit mix "impressive" and noted that the firm continued its stock buybacks despite the turmoil for regional banks. is less eye-popping at about 27%, but the bank's cautious approach should be reassuring to investors, Wells Fargo said.

☆ Disney and DeSantis have been in a year-long feud that began after the company spoke out against a controversial bill. Here's a timeline of the events.
▼ + stars: | 2023-04-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +10 min

The feud began after the entertainment giant spoke out last March against a controversial piece of legislation critics have called the Don't Say Gay bill. The state Board of Education voted on Wednesday to expand that law to cover grades 4 to 12. The new district board also is considering more inspection regulations, building workforce affordable housing on land that borders the resort and theme park, and selling the district-owned utilities. It was the first time the board met since the revelation of the agreement between the prior district board members and Disney. On April 19, the state board approved a ban on classroom discussion of sexual orientation and gender identity for all grades, including grades 4-12.

☆ Republican-led ban on transgender student athletes passes US House, moves to Senate
▼ + stars: | 2023-04-20 | by ( Katharine Jackson | ) www.reuters.com time to read: +3 min

The House passed the measure by 219-203 but it has little chance of passing the Democratic-controlled Senate. "There's a reason why there's men and women's sports," McCarthy told reporters on the grounds of the Capitol, where he held a news conference with three female athletes who had competed with transgender athletes and lost. The White House on Monday said the bill would effectively deny access to sports for transgender students, even at the elementary school level. Twenty-one U.S. states already have transgender school sports bans in place, according to the Human Rights Campaign LGBTQ advocacy group. The Biden administration has proposed prohibiting schools from banning transgender athletes from playing on teams consistent with their gender identities, with exceptions possible for the highest levels of competition.

Failure to raise the debt ceiling would lead to default that would shake the U.S. and world economies. McCarthy said the package would lower spending by $4.5 trillion over the coming 10 years. Biden reiterated his position that Congress should raise the $31.4 trillion debt limit without conditions, as it did three times under his Republican predecessor, Donald Trump. POTENTIAL CONSEQUENCESThe nonpartisan Committee for a Responsible Federal Budget praised McCarthy's plan as a "realistic and extremely welcome first step." A lengthy 2011 standoff over the debt ceiling led to a first-ever downgrade of the federal government's credit rating, which rattled markets and raised borrowing costs.

☆ Republican McCarthy eyes $1.5 trln lift of US debt ceiling, spending cuts
▼ + stars: | 2023-04-19 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

McCarthy said they would serve as the basis for negotiations between the two parties over raising the $31.4 trillion debt limit in the coming months. The White House reiterated its position that Congress should raise the $31.4 trillion debt limit without conditions, as it did three times under Biden's Republican predecessor, Donald Trump. At an appearance outside Washington, Biden said Republicans were threatening to push the United States into a historic default that would shake the world economy. McCarthy leads a fractious caucus that includes a sizeable contingent of hardline members who want sharp spending cuts and dismiss the risks of failure to act on the debt ceiling. So far House Republicans have not produced a budget plan of their own, a move that Biden contends would be a necessary starting point for negotiations on spending.

☆ Republican McCarthy to unveil plan to lift US debt ceiling by $1.5 trln -sources
▼ + stars: | 2023-04-19 | by ( Richard Cowan | ) www.reuters.com time to read: +3 min

REUTERS/Amanda Andrade-Rhoades/File PhotoWASHINGTON, April 19 (Reuters) - U.S. House Speaker Kevin McCarthy on Wednesday plans to unveil a plan to raise the nation's debt ceiling by $1.5 trillion, two sources said, as Republicans dig in on a standoff with Democrats over the government's borrowing limit. A source who was briefed on McCarthy's proposal but not allowed to speak publicly, said the speaker would propose a $1.5 trillion increase in the limit. McCarthy leads a fractious caucus that holds a narrow 222-213 majority, including a sizeable contingent of hardline members who want sharp spending cuts and dismiss the risks of failure to act on the debt ceiling. Even if McCarthy's proposal were to pass the House, it would be unlikely to find support in the Democratic-controlled Senate. The nonpartisan Congressional Budget Office last month laid out a range of options to address the debt, which showed that higher tax collections would have significantly more impact than spending cuts.

☆ Goldman Sachs says there could be 'multiple beats' by solar companies and gives its favorites
▼ + stars: | 2023-04-19 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Multiple residential solar stocks should be in a position to outperform Wall Street's expectations this earnings season, according to Goldman Sachs. Analyst Brian Lee pointed to SolarEdge , Sunrun and Enphase as residential solar names to watch this earnings season given near-term tailwinds that can give a boost to earnings. Weakness in demand in the South could be offset by strength in California and the Northeast in the first quarter, Lee said. He has buy ratings on the three residential solar stocks. Here's how he expects each of them to do when reporting first quarter earnings: Enphase Enphase should beat on both sales and per-share earnings, Lee said.

☆ California and other Western states lead in unhealthy levels of air pollution, report shows
▼ + stars: | 2023-04-19 | by ( Emma Newburger | ) www.cnbc.com time to read: +4 min

The "State of the Air" report found that nearly 120 million people, more than a third of the population, lived in areas with unhealthy levels of air pollution between 2019 and 2021. The report assigned letter grades reflecting the number of days that air quality in a specific area reached unhealthy levels on the Air Quality Index. Exposure to unhealthy levels of ozone air pollution makes breathing difficult for more people across the U.S. than any other single pollutant, the report said. Wildfires in the region were a major factor in the increasing number of days and places with unhealthy levels of particle pollution, the report found. The report used data from air-quality monitors managed by state, local and tribal air pollution control authorities in counties across the country.

☆ McCarthy unveils debt ceiling bill that aims to cut big parts of Biden's agenda
▼ + stars: | 2023-04-19 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

House Speaker Kevin McCarthy (R-CA) speaks at a rally marking the 100th day of Republican control of the House in Washington D.C. on April 17, 2023. WASHINGTON — House Speaker Kevin McCarthy, R-Calif., on Wednesday released his plan to raise the debt ceiling by $1.5 trillion for about a year while attempting to repeal major components of President Joe Biden's agenda. "Now that we've introduced a clear plan for a responsible debt limit increase, they have no more excuse and refuse to negotiate," McCarthy said. McCarthy's announcement comes after days of speculation about the GOP proposal to temporarily raise the debt limit for certain cutbacks, such as a stall on non-defense discretionary spending. Justices are expected to rule on the student loan program by early summer.

☆ U.S. House Republicans tangle over debt limit, spending cut plans
▼ + stars: | 2023-04-18 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

Sometime this summer, the Treasury Department will be unable to manage its debt under the current $31.4 trillion limit on borrowing, according to the Biden administration and the non-partisan Congressional Budget Office. "Don't bother with partisan wish lists and unrealistic proposals that will never solve this debt default crisis," Senate Majority Leader Chuck Schumer, a Democrat, warned House Republicans in a speech to the Senate. But Mace said McCarthy showed rank-and-file Republicans a series of options, projected onto a screen, that included the possibilities of a $1 trillion or $2 trillion debt limit increase with various time frames attached. Perry said referring to a debt limit hike. Hern did not respond directly when asked whether House Republicans would pare back funding for some federal law enforcement, such as the FBI, as former President Donald Trump has urged.

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