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☆ Maryland Gov. Larry Hogan blasts Trump's continued influence within the GOP after the party's midterm election performance: 'I'm tired of losing'
▼ + stars: | 2022-11-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Larry Hogan said he's "tired of losing" following a lackluster GOP showing in the midterms. Hogan pointed to former President Donald Trump's continued influence over the GOP as a major issue. Larry Hogan on Sunday criticized former President Donald Trump's continued influence within the GOP, pointing to the ex-president as the source of party's lackluster showing in the 2022 mid tem elections and emphasizing that he's "tired of losing." And Donald Trump kept saying, we're going to be winning so much, we will get tired of winning." Moore, an Army veteran and author, won this year's Maryland gubernatorial election in a landslide over GOP Del.

☆ A former bodyguard for Angelina Jolie and Brad Pitt shares what his job was like and the biggest misconceptions about protecting celebrities
▼ + stars: | 2022-11-13 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +9 min

Mark "Billy" Billingham was a bodyguard for years for stars like Angelina Jolie and Russell Crowe. Billingham's biggest job, he said, was an 18-month position working full time for Brad Pitt, Angelina Jolie, and their family. "I was literally working 18 hours a day, every day, and I stayed with them," he said. Decoys and detours are great ways to test new security detailsIn his role as the head of security, Billingham had to coordinate the entire security team, including what's often a huge army of drivers. The ruse for new chauffeurs began with telling them about the next day's route for Pitt and Jolie in advance.

☆ Here's how Donald Trump could theoretically run for president in 2024 and govern the US from prison, according to 9 legal scholars
▼ + stars: | 2022-11-13 | by ( Robin Bravender | Tina Sfondeles | Dave Levinthal | ) www.businessinsider.com time to read: +17 min

If Trump landed in prison, nothing in the Constitution would block him from another White House run, according to nine legal experts interviewed by Insider. He served eight years in federal prison after being convicted on public-corruption charges. In the Oval Office, Trump conducted business at the ornate Resolute Desk. If he wound up in federal prison, he'd likely have more sway over his fate. Hochul would all but certainly reject calls to cut Trump legal slack in any fashion, pardons included.

☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

☆ Dollar slides, CPI data suggests Fed could slow pace of rate hikes
▼ + stars: | 2022-11-10 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

"Inflation is clearly moving in the right direction, and that keeps a more hawkish Fed at bay," he said. The spike higher in the yen versus the dollar stirred speculation the Bank of Japan intervened, which analysts doubted. Fed funds futures priced in a drop in expectations for the U.S. central bank's peak target rate, which fell below 5%. The likelihood of a 50-basis-point rate hike by the Fed instead of a 75-basis-point increase in December rose to 71.5%. CPI rose 7.7% in October on a year-over-year basis, down from 8.2% in the prior month, as headline inflation fell below 8% for the first time since February.

☆ Suspect in Delphi slayings of teen girls says he can't afford lawyer and begs court for public defender
▼ + stars: | 2022-11-10 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

— The man accused of killing two teenage girls has requested a public defender in a letter to the court filed Wednesday because both he and his wife can no longer work. “I, Richard M. Allen, hereby throw myself at the mercy of the court. I am begging to be provided with legal assistance in a public defender or whatever help is available,” he wrote in the letter to Carroll Circuit Court. Indiana State Police Superintendent Doug Carter announces an arrest Richard M. Allen in Delphi, Ind. “I also did not realize what my wife and I’s immediate financial situation was going to be,” he wrote.

☆ Instant View: Comfortably cool U.S. CPI suggests aggressive Fed hikes taking hold
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +5 min

read moreMARKET REACTION:STOCKS: S&P 500 futures turned sharply higher and were up 3.1%BONDS: The yield on 10-year Treasury notes tumbled and was down 21.5 basis points at 3.927%; The two-year U.S. Treasury yield was down 26.6 basis points at 4.362%. The dollar index was off 1.3%COMMENTS:BRIAN JACOBSEN, SENIOR INVESTMENT STRATEGIST, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS, WISCONSIN“Well, that was a relief. And I think the expectation now is the Fed hikes rates 50 basis points in December. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. "Given just this data, it would allow the Fed to raise by only 50 basis points rather than 75 at the next meeting.

Every line of the report shows sequential improvement," said Art Hogan, chief market strategist at B. Riley Financial. The report prompted traders to adjust their rate hike bets, with bets of a 50-basis point rate hike in December jumping to more than 70% from 45% before the data was released. Following last week's Fed policy meeting, some U.S. central bank officials have made comments that pointed to slower rate rises over coming meetings. The Fed's policy rate is currently in a range of 3.75%-4.00%. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, fell to a near two-month low of 23.94.points.

☆ VIEW Comfortably cool US Oct CPI spells relief for Fed
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +4 min

And I think the expectation now is the Fed hikes rates 50 basis points in December. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. Next, we immediately turned our attention to the CPI and that clearly came in better than expected. It rocketed the futures higher and then to top it off, weekly initial unemployment claims came in higher than expected. "Given just this data, it would allow the Fed to raise by only 50 basis points rather than 75 at the next meeting.

☆ Marjorie Taylor Greene's campaign cleared of wrongdoing after Georgia Democrats accused her of giving too much money to Herschel Walker's campaign
▼ + stars: | 2022-11-10 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

The Georgia Democratic Party accused Rep. Marjorie Taylor Greene's campaign of violating federal election law. It accused Greene's campaign of exceeding federal limits in supporting Herschel Walker's Senate campaign. The Federal Election Commission, a notoriously deadlocked group, unanimously dismissed the complaint. Hogan alleged that in addition to straight-up donating $2,000 to Walker's campaign, Greene's campaign published more than $3,000 of Facebook advertisements supporting Walker's candidacy. He said the posts were coordinated with Walker's campaign and should count as an in-kind donation, which would therefore place her campaign above the $2,000 contribution limit.

☆ 3 Markets rejoice after surprisingly cool inflation report
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +9 min

YUNG-YU MA, CHIEF INVESTMENT STRATEGIST, BMO WEALTH MANAGEMENT, CHICAGO“The better-than-expected CPI numbers are welcome but show a lot of underlying volatility. What Powell said is that we are going to need a few more reads on good CPI data before he can say we’re done." Shelter is the main contributor to inflation and everyone should know by now that it’s a garbage indicator of where inflation is headed. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. “The good news is that we saw a significant sequential improvement, inflation is clearly moving in the right direction.

☆ Comfortably cool US CPI suggests aggressive Fed hikes taking hold
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +5 min

read moreMARKET REACTION:STOCKS: S&P 500 futures turned sharply higher and were up 3.1%BONDS: The yield on 10-year Treasury notes tumbled and was down 21.5 basis points at 3.927%; The two-year U.S. Treasury yield was down 26.6 basis points at 4.362%. And I think the expectation now is the Fed hikes rates 50 basis points in December. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. Next, we immediately turned our attention to the CPI and that clearly came in better than expected. "Given just this data, it would allow the Fed to raise by only 50 basis points rather than 75 at the next meeting.

☆ Aruna Miller makes history as first South Asian woman elected lieutenant governor in U.S.
▼ + stars: | 2022-11-09 | by ( Brahmjot Kaur | ) www.nbcnews.com time to read: +1 min

Aruna Miller, a former Democratic state legislator, made history in Maryland on Tuesday as the nation’s first South Asian woman to be elected state lieutenant governor. I will never stop fighting to make sure that promise is available to everyone,” she tweeted after the victory. She also thanked Wes Moore, who selected Miller as his running mate and was elected Maryland’s first Black governor on Tuesday. Miller graduated from the Missouri University of Science and Technology with a degree in civil engineering, the Moore-Miller campaign website said. “There is no higher calling than public service, and no greater honor than to serve the people of this great state,” he tweeted.

☆ 'Real allyship is every day': 3 steps to being a better ally at work, according to Goldman Sachs' chief diversity officer
▼ + stars: | 2022-11-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

And now more than ever, allyship is crucial to the success and comfortability of diverse professionals in the workplace. According to Megan Hogan, chief diversity officer at Goldman Sachs, being a true ally to your peers is all about authenticity and longevity. EngageBeing a true ally starts with being aware and knowledgeable about the perspectives and experiences of people from diverse groups. "When we think about seeking out diverse perspectives, asking people open-ended questions about their experience and how they've navigated the world differently, potentially based on their backgrounds, is the first step." These are everyday acts of allyship that are quite practical and make sure that people feel included."

☆ Live Results: Maryland votes in congressional and state elections
▼ + stars: | 2022-11-08 | by ( Walt Hickey | Madison Hall | ) www.businessinsider.com time to read: +1 min

Explore more race results below. It symobilizes the 2022 Election. MD-06 House Governor Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Maryland votes on its eight congressional seats, with the race in Maryland's 6th District poised to be one of the most compelling of the night. The state will also vote on Question 4, which would legalize recreational marijuana use in the state.

☆ Live Results: Americans will elect 36 governors in the midterm elections, follow all of them here
▼ + stars: | 2022-11-08 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Control of most U.S. states is up for grabs this cycleFollowing the overturn of Roe v. Wade, the stakes are high. Of these, 20 governor's offices are held by Republicans and 16 by Democrats. Now, four years later — the length of most gubernatorial terms — those same governors are on the defensive. In June, the Supreme Court ended federal abortion protections that were previously granted by the Roe v. Wade decision. Gubernatorial seats can also often be leveraged for future presidential runs — recently-elected governors such as Florida's Gov.

☆ Democratic Sen. Chris Van Hollen faces off against Republican Chris Chaffee in Maryland's US Senate election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +3 min

Sen. Chris Van Hollen is running against Republican Chris Chaffee to represent Maryland in the US Senate. Democratic incumbent Sen. Chris Van Hollen faces off against Republican Chris Chaffee in Maryland to represent the state in the US Senate. Prior to being elected to the US Senate, Van Hollen represented Maryland's 8th Congressional District in the US House. He also served as a member of both the Maryland House of Delegates and the Maryland State Senate. The money raceAccording to OpenSecrets, Van Hollen has raised $8.5 million, spent $6.7 million, and has $2.3 million cash on hand, as of October 19.

[1/4] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2022. Traders are now betting on 61% odds of a 50-basis point rate hike at the U.S. central bank's meeting in December. Meta Platforms Inc (META.O) climbed 5.4% following a report that the company was planning to begin large-scale layoffs this week. Advancing issues outnumbered decliners by a 1.14-to-1 ratio on the NYSE and by a 1.02-to-1 ratio on the Nasdaq. The S&P index recorded 15 new 52-week highs and 11 new lows, while the Nasdaq recorded 58 new highs and 145 new lows.

☆ There have only been 2 Black elected governors in US history, but the 2022 midterm elections could usher in unparalleled change
▼ + stars: | 2022-11-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +11 min

There have only been two Black elected governors in US history, but that could change on Tuesday. With the victory, Wilder became the first Black elected governor in the United States, generations after P.B.S. He said people brag about him as the first Black governor elected in America. However, this year, Black gubernatorial candidates weren't overly reliant on the party leadership to help them land the nominations in their respective states. At the end of the day, if that's what I accomplished, that's not enough," Moore told Insider.

Zeldin hopes to end a two-decade drought for Republicans seeking statewide office in New York. “New Yorkers are ready,” Zeldin said. Her support in a primary for an upstate congressional district of right-wing political activist Carl Paladino who lost to the state Republican chair drew the ire of some in the state party. While there are about 3 million unaffiliated voters in New York, a successful Republican candidate has to make inroads with registered Democrats. “When I got elected they were saying the same things about me that they’re saying about Zeldin,” Pataki said.

☆ Wheat retreats on hopes Ukraine's grain shipments may continue
▼ + stars: | 2022-11-01 | by ( Michael Hogan | ) www.reuters.com time to read: +2 min

Summary Grain flowing out of Ukraine despite Russia ending shipping dealU.S. winter wheat suffers from drought - USDASoybeans rise, hopes of China buyingHAMBURG, Nov 1 (Reuters) - Chicago wheat and corn futures fell on Tuesday as grain shipments continued from Ukraine despite Russia suspending its participation in an export agreement for a safe shipping channel from Ukrainian ports. Soybeans rose on hopes of more U.S. export sales to China, while protests were eyed in Brazil - including road blocks - after the presidential election. Chicago Board of Trade most-active wheat was down 1% to $8.73-1/4 a bushel at 1138 GMT, while corn was down 0.3% to $6.89-1/4 a bushel. Markets surged on Monday after Russia suspended its involvement in an agreement allowing Ukraine to make grain and other food shipments in a safe Black Sea shipping corridor. “Wheat and corn are weakened today on expectations the safe shipping channel for Ukraine’s exports may not be ended but could continue in some form,” said Matt Ammermann, StoneX commodity risk manager.

☆ Meme stock rally could be sign that investor appetite for risk is returning
▼ + stars: | 2022-10-31 | by ( David Randall | ) www.reuters.com time to read: +3 min

The stock's Monday volume, which stood at over 10 million shares after the close, far exceeded the 506,000 shares investors have shorted, he said. "There is no way today’s price move is due to a short squeeze, it is virtually all long buying pressure," Dusaniwsky said. Many meme stocks have been pounded this year as the Federal Reserve tightens monetary policy, sapping investors’ appetite for risk. Shares of GameStop Corp (GME.N), which put meme stocks into the spotlight with its epic rally in 2021, are down 24% for the year to date while AMC Entertainment Holdings Inc (AMC.N) has fallen 60%. "If that’s the case that would further tamp down Treasury yields and create a tailwind for equities."

☆ Democrat Wes Moore faces off against Trump-backed Republican state Del. Dan Cox in Maryland's gubernatorial election
▼ + stars: | 2022-10-31 | by ( Hanna Kang | ) www.businessinsider.com time to read: +3 min

Democrat Wes Moore is running against Republican Dan Cox in Maryland's gubernatorial race. Maryland's gubernatorial candidatesMoore is a combat veteran in the US Army and a small business owner. Born and raised in Maryland, Cox served for over 15 years as a constitutional attorney and was previously the Republican nominee for Congress for Maryland's 8th Congressional District. Larry Hogan, who endorsed — to no avail — former Maryland Commerce Secretary Kelly M. Schulz in the Republican gubernatorial primary. The money raceAccording to filings with Maryland's secretary of state, Moore has raised $2.7 million, spent $1.4 million, and has $1.3 million of cash on hand, as of late August.

☆ Maryland Democratic gubernatorial nominee Wes Moore says MAGA can't 'define what it means to be a patriot'
▼ + stars: | 2022-10-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +9 min

Maryland gubernatorial nominee Wes Moore is seeking to reshape how patriotism and service are discussed in the public arena. Moore, a Democrat, told Insider he won't cede the definition of patriotism to any one group or movement. Leave no one behind, ever," Moore told the crowd. "Wes Moore's campaign in so many ways is so different from the last Democratic nominee, who really focused on the progressive wing of the party. "From a political standpoint, it has also insulated Wes Moore against Dan Cox trying to say he's some sort of far-left socialist.

☆ Wall St Week Ahead Hopeful U.S. stock rally set for date with Federal Reserve reality
▼ + stars: | 2022-10-28 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. Meanwhile, cash-heavy investors afraid of missing out on a sustained rally have contributed to the bullish move, market participants said. More than 150 S&P 500 companies are due to report quarterly results next week, including Eli Lilly (LLY.N), ConocoPhillips (COP.N) and Qualcomm (QCOM.O). Investors will also closely watch next Friday's monthly jobs report for signs of whether the Fed's actions have tempered the labor market. "The market is thinking good things," said Kristina Hooper, chief global market strategist at Invesco.

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