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“If we allow Ukraine to be carved up, is the independence of any nation secure? Republicans, however, have been critical of the Iran deal, calling it a "ransom" paid, and some are also skeptical of continuing to help Ukraine. And as world leaders lauded Zelenskyy, who attended Tuesday’s U.N. meeting in military garb, Rep. Marjorie Taylor Greene, a Georgia Republican, said he would not have her support. "Zelenskyy is not the Governor of the 51st state, but he does have Joe Biden in his pocket. Meanwhile, House Republicans are preparing the next steps in an impeachment inquiry targeting Biden.

Persons: Joe Biden, Biden, ” Biden, Volodymyr Zelenskyy, Vladimir Putin, Zelenskyy, Putin, Yevgeny Prigozhin, Sen, Lindsey Graham, Donald Trump, Tuesday’s, Marjorie Taylor Greene, Greene, MAGA, ”, Trump, Kevin McCarthy, Ian Sams, – Organizations: General, Ukrainian, Russian Federation, Wagner Group, South Carolina Republican, Tuesday’s U.N, Georgia Republican, Capitol, Fontanne, MAGA Republicans, Republicans, California Republican Locations: Ukraine, Russian, Russia, New York, U.S, Iran, Georgia, Europe, Manhattan, Washington, California

☆ Google is turning its Bard AI chatbot into a personal assistant by tapping into products like Gmail and Maps, giving it a key advantage in the AI race
▼ + stars: | 2023-09-19 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Also, if granted permission, it can access information from users' personal content from Gmail, Docs, and Drive to summarize documents. Google says you can ask Bard to find and bring together information from relevant emails. You could ask Bard to find a document you previously created of your bucket-list restaurants and then show their locations on a map. Hsiao told Insider the information taken from apps such as Gmail or Docs would not be used for advertising or for training Google's AI models. Google has already rolled out AI-assistant features to its Workspace apps and has clarified how it plans to keep weaving AI into its most popular products .

Persons: Bard, OpenAI, Sissie Hsiao, Hsiao, Google's, ChatGPT Organizations: Google, Service, YouTube, Google's, Gemini Locations: Wall, Silicon

Maybe Trump and his MAGA friends can bow down but I won’t,” Biden told supporters at a Broadway fundraiser. Biden has sought a package of $13.1 billion in additional military aid for Ukraine and $8.5 billion for humanitarian support. Officials played down Biden’s absence at the climate summit, saying the issue will be interspersed through the president’s remarks and events throughout the week. Senior administration officials said the two leaders will discuss issues including Iran but declined to elaborate further. Biden is scheduled to host talks Thursday at the White House with Ukraine President Volodymyr Zelenskyy.

Persons: Joe Biden, —, he’s, Donald Trump, Biden, Vladimir Putin’s, Trump, Putin, MAGA, ” Biden, “, “ He’s, underscoring, António Guterres, Xi, Jake Sullivan, ” Sullivan, John Kerry, Luiz Inácio Lula da Silva, Benjamin Netanyahu, Volodymyr Zelenskyy, ___ Kim Organizations: General, Donald Trump . White, Democratic, —, NATO, Kyiv, Trump, Ukraine, Central Asian, White House, . Security, White Locations: U.S, Ukraine, United States, New York, Central, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, France, Russia, China, Biden’s, Iran, Washington

So from that perspective, if I’m DOJ, I’d much rather have a Miami jury pool than a Fort Pierce jury pool,” he added. Given its sprawling geographic size, the district has five courthouses — in Key West, Miami, Fort Lauderdale, West Palm Beach and Fort Pierce. “The bigger issue is going to become, can the Fort Pierce courtroom handle this case? “And if they send it to Miami, how are they going to get the jurors there because technically it’s not a Miami case." In St. Lucie, home to Fort Pierce, he won by only 50.4%, but Republicans have continued to gain ground there, and Florida Gov.

Persons: Donald Trump, boastfully, Trump, ”, Richard Kibbey, “ It’s, Jack Smith's, —, It’s, you’re, Michael Sherwin, “, Fort Pierce, Cannon, David Weinstein, Lucie, Martin, Ron DeSantis, Richard Serafini, ___ Tucker Organizations: MIAMI, Trump, Southern District of, Attorney, DOJ, Fort, Associated Press, Southern, Highlands . Trump, Republicans, Florida Gov, Justice Department Locations: Beach, Florida, Stuart , Florida, Fort Pierce district, Washington, Southern District, Southern District of Florida, Miami, Fort Pierce, Key West, Fort Lauderdale , West Palm Beach, Fort, West Palm, Mar, St, Indian, Okeechobee, Highlands

☆ U.N. to Meet Amid Growing Divisions, and Demands From the Global South
▼ + stars: | 2023-09-18 | by ( Farnaz Fassihi | More About Farnaz Fassihi | ) www.nytimes.com time to read: +1 min

The United Nations General Assembly convenes on Tuesday in the shadow of the second year of war in Ukraine, amid a series of climate related catastrophes and at a time of increasing divisions in the world that will hamper efforts to address the litany of problems contributing to the strains. Underscoring the tensions, only President Joe Biden among the leaders of the five nations of the Security Council — the United States, Russia, China, France and Britain — will attend the meeting. This year’s gathering was planned with an eye to growing demands from the nations of the “global south,” an informal group of developing and underdeveloped countries. They have been frustrated by the world’s attention on the conflict in Ukraine while their crises have received minimal attention and funding, diplomats said. Responding to those demands, the U.N. has scheduled discussions during the General Assembly on climate change, sovereign debt relief and ways to help struggling countries reach the U.N.’s development goals on prosperity, health, development, education and gender equality.

Persons: Joe Biden, Britain —, Volodymyr Zelensky Organizations: United Nations, Security Locations: Ukraine, United States, Russia, China, France, Britain, Assembly

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/DUBLIN, Sept 18 (Reuters) - Societe Generale's (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy. "There are more questions about the future and the economy," Legras said, adding that transformative mergers between banks, which investors have waited for in vain, remained unlikely. Reuters GraphicsThat dampens the prospects for Europe's banks, whose valuations are low and static, said one adviser who works with top executives from the region's lenders, adding that investors struggle to see much promise for the sector. European banks' modest earning power has dampened investor appetite for their shares, which often trade at just a fraction of book value - the sum of their assets. While in the United States, JP Morgan and Morgan Stanley are valued at around 1.5 times book value, Germany's Deutsche Bank, Dutch lender ABN Amro, France's Credit Agricole and Britain's Standard Chartered are valued at just half book value or less.

Persons: Gonzalo Fuentes, Jerome Legras, Legras, Slawomir Krupa, Krupa, Goldman Sachs, JP Morgan, Frederic Rozier, Morgan Stanley, Karel Lannoo, Elisa Martinuzzi, John O'Donnell, Alexander Smith Organizations: Societe Generale, La Defense, REUTERS, Reuters, European Central Bank, European Union, Commission, Deutsche Bank, ABN Amro, France's Credit, Thomson Locations: La, Paris, France, DUBLIN, France's, Europe, United States, Germany, Mirabaud, U.S, Brussels

☆ This individual investor favorite has endured even as other meme stocks fell from favor
▼ + stars: | 2023-09-17 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Retail traders have made the leap from so-called meme stocks , including GameStop and AMC , over the past few years. All the while, Tesla inflows from retail traders have mostly climbed in the past half decade, according to data analyzed by Vanda Research. "It's a growth stock, but it's really a hopes-and-dreams stock," said Irwin, who covers Tesla and other clean technology stocks. Tesla's climb also comes amid a broader buy in from retail investors in their favorites. "This is probably a golden era for Tesla," Irwin said.

Persons: Tesla, —, Roth, Craig Irwin, Irwin, it's, Elon Musk, Ford, hasn't, Dan Levy, Toyota's Organizations: GameStop, AMC, Vanda Research, Trust, General Motors, Barclays, Toyota Locations: Wall, U.S, China, Europe

Still, it could hurt perceptions of Chinese EV makers as they expand abroad, Bernstein analysts said in a client note. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. Shares in European carmakers were also among the biggest fallers on the euro zone stock index (.STOXXE50) in early trading. STRAINED RELATIONSThe anti-subsidy probe, initiated unusually by the European Commission and not from any industry complaint, comes amid broader diplomatic strains between the EU and China. It accounted for 40.25% of EV exports from China between January and April 2023.

Persons: Annegret, Ursula von der Leyen, Bernstein, BYD, CATL, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed, Mark Potter Organizations: REUTERS, China, EV, EU, European, Ministry of Commerce, Eurasian Group, Reuters Graphics, Reuters Graphics Hong Kong, HK, Geely, SAIC, BMW, Volkswagen, Mercedes, European Commission, China Passenger Car Association, EVs, for Strategic, Internal Studies, Reuters, Thomson Locations: Berlin, Germany, Europe, China, SHANGHAI, BEIJING, Beijing, EU, Brussels, Southeast Asia, Reuters Graphics Hong, Shanghai, Xpeng, Shenzhen, SZ, Moscow, Russian, Ukraine, U.S, Hong Kong

☆ Binance.US says CEO Shroder to depart, 100 jobs will be cut
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A logo on the Binance exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis. Binance and Binance.US have maintained that they operate separately. Its global head of product, Mayur Kamat, resigned early this month and its chief strategy officer, Patrick Hillmann, left in July. Reporting by Rishabh Jaiswal, Chandni Shah and Juby Babu in Bengaluru; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Brian Shroder, Norman Reed, Binance.US, Changpeng Zhao, Binance, Kamat, Patrick Hillmann, Rishabh Jaiswal, Chandni Shah, Juby Babu, Edwina Gibbs Organizations: Viva Technology, Porte de, REUTERS, U.S, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Porte, Paris, France, Bengaluru

LANSING, Mich. (AP) — The prospect of an auto workers strike could test Joe Biden 's treasured assertion that he's the most pro-union president in U.S. history. Political Cartoons View All 1154 Images“I think the American public as a whole realizes the impact that the American auto workers have on the economy," Killian said. But, unlike with rail and airline workers, the president doesn’t have the authority to order autoworkers to stay on the job. Nowhere will the political fallout of an auto workers strike be felt more than Michigan, which Biden won by nearly 3 percentage points in 2020. And Ray Curry, the former UAW president who was unseated by Fain, had worked with Biden in the past, even attending White House ceremonies.

Persons: Joe Biden, Marick, Doc Killian, Killian, ” Biden, Biden, ”, Shawn Fain, “, Fain, Donald Trump, Trump, TRUMP, doesn't . Fain, Dave Green, ” Green, doesn’t, Mark Brewer, Brewer, Ray Curry, Gene Sperling, Biden's, he'll, what's, Randi Weingarten, Biden’s, Weingarten, ___ Weissert, Tom Krisher Organizations: United Auto Workers, General Motors, Ford, Wayne State University, CNN, UAW, Republican, UAW “, “ Union, Democratic, GOP, Michigan Democratic Party, U.S, White, longtime Democratic, Trump, American Federation of Teachers, Associated Press Locations: LANSING, Mich, Michigan, Ohio, Indiana, Detroit, Wayne , Michigan, America, China, Washington, United States, U.S, Wisconsin, Pennsylvania, Philadelphia

From the start, the courtroom drama in the impeachment trial of Ken Paxton, the Texas attorney general, has centered on a confrontation between the larger-than-life Houston lawyers brought in by each side to argue the case. In Mr. Paxton’s corner, there is Tony Buzbee, a well-tanned orator and onetime candidate for mayor of Houston, who successfully defended Rick Perry, a former governor of Texas, against charges of abuse of office. Not to be outdone, the House impeachment managers brought in their own big guns: Dick DeGuerin, whose list of clients included the Waco cult leader David Koresh, and Rusty Hardin, a defender of criminally accused athletes like Roger Clemens and Scottie Pippen. The voices of these high-profile lawyers have echoed for days in the towering chamber of the Texas State Senate, underscoring the unusual nature of the case. The impeachment trial, now expected to wrap up by week’s end, is the first of a statewide official in Texas in more than a century, and it has become a showcase for the deepening rifts within the Republican Party, both in the state and nationally.

Persons: Ken Paxton, Houston, Tony Buzbee, Rick Perry, Dick DeGuerin, David Koresh, Rusty Hardin, Roger Clemens, Scottie Pippen Organizations: Waco, Texas State Senate, Republican Party Locations: Texas, Houston

☆ The S&P 500 looks risky and expensive - and could plunge 25% if something shocks the system, Morgan Stanley's stock chief warns
▼ + stars: | 2023-09-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The S&P 500 is priced for perfection and could plunge 25% if problems crop up, Mike Wilson says. Morgan Stanley's stock chief says the outlook for company earnings and the economy is pretty grim. The benchmark S&P 500 and tech-heavy Nasdaq Composite have rallied 17% and 33% respectively this year. He suggested a shock to the system of that kind could send the S&P 500 plummeting from nearly 4,500 points today to the low 3,000s — a drop of more than 25%. AdvertisementAdvertisementIn short, Wilson sees very limited upside and material downside to investing in the S&P 500 today.

Persons: Mike Wilson, Morgan Stanley's, Wilson, Rosenberg, Morgan, China's, Sharp, aren't Organizations: Big Tech, Service, Nasdaq, Federal Reserve, Wall, Bank of, Nvidia, Microsoft Locations: Wall, Silicon, Bank of Japan

☆ Birkenstock files for U.S. IPO as listings recovery gains pace
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

In contrast, U.S. listings have fetched nearly double the amount secured in 2022, according to data from Dealogic. In July, Birkenstock majority owner L Catterton's beauty firm Oddity Tech (ODD.O) rose 40% on its Nasdaq debut. Birkenstock, a family-owned business that traces its roots back to 1774, said it intends to list its shares under the "BIRK" ticker on the New York Stock Exchange. Goldman Sachs, J.P. Morgan and Morgan Stanley are the lead underwriters for the IPO. Entities affiliated with L Catterton will control a majority of the combined voting power of the shares after the offering, it said.

Persons: Margot Robbie, Goldman Sachs, J.P, Morgan, Morgan Stanley, Niket Nishant, Akash Sriram, Pritam Biswas, Devika Organizations: British, SoftBank, Tech, Nasdaq, New York Stock Exchange, underwriters, Thomson Locations: United States, U.S, Europe, Dealogic, Bengaluru

☆ China state TV slams beauty influencer who told off thrifty viewer
▼ + stars: | 2023-09-12 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +2 min

SHANGHAI, Sept 12 (Reuters) - China's state television criticised on Tuesday a famous beauty livestreamer who told off a viewer for complaining about the high price of an eyebrow pencil, as many Chinese feel the pinch from an economic slowdown. Livestreaming is big business in China, generating sales of $480 billion last year, and Li gets a commission from the products he sells on his livestreams. Li responded by saying prices were not rising and told the viewer that she couldn't afford the eyebrow pencil because she wasn't working hard enough. Hours later, he apologised to the viewer on this Weibo social media account, and then the following day, he apologised again on his livestream. ($1 = 7.2876 Chinese yuan renminbi)Reporting by Casey Hall; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: livestreamer, Li Jiaqi, Li, Casey Hall, Miral Organizations: Thomson Locations: SHANGHAI, China

☆ Nearly five decades after the fall of Saigon, U.S. will help Vietnam boost its military capabilities
▼ + stars: | 2023-09-11 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

"The United States is committed to continuing to assist Vietnam to develop its self-reliant defense capabilities in accordance with the needs of Vietnam and established mechanism.". Biden said the move represented how much relations have moved on from the "bitter past" of the Vietnam War. "We can trace a 50-year arc of progress between our nations, from conflict to normalization, to this new elevated status," Biden said Sunday. "Vietnam and the United States are critical partners at what I would argue is a very critical time," Biden said. "We think too much in Cold War terms," Biden said.

Persons: Joe Biden, Nguyễn Phú, Biden, I'm, We're, Air Force Frank Kendall, Kendall Organizations: China, Group, Pentagon, ., Air Force, Air and Space Forces Association Locations: Saigon, United States, China, Vietnam, Hanoi , Vietnam, New Delhi, India, Hanoi

"I used to love buying branded clothes," said teacher Zhang as she sifted through a pile of garments priced between 15 and 50 yuan ($2-$7). With wages and pensions hardly budging and the job market highly uncertain as more than one in five young Chinese remain unemployed, households' confidence and spending power are low in the barely growing economy. The real estate sector, one of the pillars of the economy, is struggling with massive debt. "One of my customers is a rich woman who used to go to Japan for shopping, but now she comes to my store," said Wang. ($1 = 7.3179 Chinese yuan renminbi)Additional reporting by Winni Zhou in Shanghai; editing by Marius Zaharia and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Amy Zhang, Zhang, Becky Liu, Gucci, Kering, Lu, Yunshan, I've, Wang, Winni Zhou, Marius Zaharia Organizations: Standard Chartered, Thomson Locations: BEIJING, HONG KONG, China, LVMH, Japan, Shanghai

Real wages adjusted for inflation fell in July for a 16th straight month in a sign households continued to feel the pinch from rising prices, separate data showed, boding ill for consumption. Exports remained solid in April-June with net external demand contributing 1.8% points to GDP growth, unchanged from the preliminary reading. But shipments to China slumped 13.4% in July to mark the 8th straight month of falls. Japan's economy has seen a delayed recovery from the COVID-19 pandemic this year, as rising living costs faltering global demand cloud the outlook. Given such uncertainties, Bank of Japan policymakers have stressed their resolve to keep monetary policy ultra-loose until the recent cost-driven inflation turns into price rises driven by domestic demand and higher wage growth.

Persons: Kim Kyung, Takeshi Minami, Yoshifumi Takemoto, Sam Holmes Organizations: Food, REUTERS, Norinchukin Research, Private, Bank of Japan, Thomson Locations: Soma, Fukushima Prefecture, Japan, TOKYO, China, Norinchukin

☆ Modi, Biden pledge to deepen India-U.S. partnership as world leaders descend on Delhi for G20 summit
▼ + stars: | 2023-09-08 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

Indian artist Jagjot Singh Rubal gives final touches to an oil painting of U.S. President Joe Biden, at his workshop in Amritsar on September 5, 2023, ahead of the two-day G20 summit in New Delhi. The pair's absence has sparked fears that a communique binding member states may not be issued at the end of a G20 leaders' summit — undercutting India's clout and diminishing his domestic messaging. At a pre-summit press conference Friday, India's G20 sherpa Amitabh Kant said the final declaration "is almost ready." In their joint statement after their Friday bilateral meeting, Biden and Modi "reaffirmed their commitment to the G20." Despite recently traveling to South Africa for a BRICS meeting, Xi has rarely traveled abroad.

Persons: Jagjot Singh Rubal, Joe Biden, Narinder Nanu, Narendra Modi, Biden, Bangladesh —, Modi, Vladimir Putin, Xi Jinping, Putin, Sergey Lavrov, China Premier Li Qiang, Xi, India's, Amitabh Kant, Kant, snubbing Modi, Taiwan — Organizations: Afp, Getty, Indian, U.S, International Monetary Fund, African Union, Global, China Premier Locations: Amritsar, New Delhi, Narinder, Delhi, Washington, Australia, India, Japan, U.S, Mauritius, Bangladesh, China, —, Russian, Russia, Ukraine, Germany, France, South Africa, Beijing —, Zambia, Venezuela, Malaysia, Philippines, Vietnam, Taiwan, Beijing

On the overall list of the world’s Best Countries, Russia – where the survey was not fielded for the second year in a row – fell one spot to No. Among individuals in specific nations, the percentage of those agreeing this year that Russia is a “threat to the world” eclipsed 90% in several: Denmark, Finland, Japan and Poland. The only other countries with higher majorities agreeing that China is a global threat were Japan (91%) and South Korea (86%). Among respondents who do consider the U.S. a global threat, the highest share of agreement came from China at about 75%, while agreement eclipsed 60% among those from Turkey, Saudi Arabia, Indonesia and New Zealand. Still, the possibility of geoeconomic conflict is troubling, according to Ellissa Cavaciuti-Wishart, head of the Global Risks Initiative at the World Economic Forum.

Persons: ”, Russia ” –, “, Russia that’s, Vladimir Putin, Yevgeny Prigozhin, Joe Biden, Richard Wike, ” Wike, “ They're, Biden, Ellissa Cavaciuti, Wishart Organizations: News, U.S . News, NATO, Wagner, Russia, The New York Times, Wagner Group, U.S, Best, Pew Research Center, Pew, Global, Economic Locations: Russia, Ukraine, U.S, China, United States, Denmark, Finland, Japan, Poland, Russian, Belarus, Moscow, Australia, United Kingdom, Eastern Europe, South Korea, Turkey, Saudi Arabia, Indonesia, New Zealand

☆ Disney's dispute with Charter is a lose-lose, underscoring just how broken legacy TV has become
▼ + stars: | 2023-09-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The almost weeklong stalemate between Disney and Charter lays bare the broken business model around distributing legacy television in the age of cord-cutting. In the talks, Charter agreed to shell out more than the $2.2 billion annually it paid Disney under the old carriage deal. DIS 1M mountain Walt Disney stock performance month-to-date. Linear TV is an issue for Disney. However, we would like to see a quick end to the Charter dispute and to see Iger resolve Disney's challenging position in the traditional linear TV market.

Persons: Walt Disney, Bob Iger, Jim Cramer, Iger, Disney, Jim Cramer's, Jim Organizations: Hollywood, Charter Communications, Disney, Charter, ESPN, ABC, Spectrum's, U.S, Hulu, Walt Disney, Warner Bros Discovery, JPMorgan, The, CNBC, SportsCenter, ESPN Headquarters, Washington Post, The Washington Post, Getty

☆ Video shows Ukrainian soldiers taking out a Russian aircraft with a missile in a critical area of its counteroffensive
▼ + stars: | 2023-09-06 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A Ukrainian brigade released footage of a Russian plane being shot down on Monday. The footage was taken near Robotyne, which Ukrainian troops have recently retaken. The 47th Brigade claims to have shot down nine Russian aircraft in total. Several further clips in the released footage show how the soldiers took down the Russian aircraft, with one soldier celebrating as the missile strikes the plane. AdvertisementAdvertisementIn the retaking of Robotyne, the soldiers evacuated six civilians using a Bradley infantry fighting vehicle while under fire from Russian troops, a crew commander told CNN.

Persons: Volodymyr Zelenskyy Organizations: 47th Brigade, Service, 47th, Mechanized Brigade, RBS, CNN, Ukraine, Bradley Locations: Ukrainian, Russian, Robotyne, Wall, Silicon, Ukraine, Sweden, Melitopol, Zaporizhzhia

[1/3] Fed Governor Philip Jefferson testifies before a Senate Banking Committee hearing on his nomination to be the Federal Reserve's next vice chair, on Capitol Hill in Washington, U.S., June 21, 2023. Senators also confirmed Fed Governor Lisa Cook to a fresh 14-year term at the central bank, though they did so in a 51-47 vote that broke along partisan lines. Both Jefferson and Cook have a PhD in economics and became Fed governors in May of 2022 after long careers in academia. The U.S. central bank's vice chair, whose term is four years, also traditionally serves as the Fed chief's go-to official on policy communications, underscoring key messages and clarifying potential misinterpretations. The confirmations of Jefferson, Cook and Kugler would make the board the most diverse in the central bank's more-than-100-year history.

Persons: Philip Jefferson, Jonathan Ernst, Lisa Cook, Cook, Jerome Powell, Powell, John Williams, Adriana Kugler, Jefferson, Kugler, Ann Saphir, Chizu Nomiyama, Andrea Ricci, Paul Simao Organizations: Federal, Capitol, REUTERS, U.S, Senate, Federal Reserve, Senators, Jefferson, New York Fed, World Bank, Fed, Latina, Thomson Locations: Washington , U.S, U.S

☆ Clashes mount between Trump and his legal nemesis
▼ + stars: | 2023-09-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

A dramatic series of legal developments in the Fulton County, Georgia, investigation – in which Trump and 18 co-defendants are also awaiting trial – encapsulated the breadth of the former president’s legal exposure. And 61% of Republican-leaning adults said that Trump is facing so many charges largely because of political abuse of the justice system. Trump uses criminal plight to fire up supportersTrump continually dials up the heat, underscoring how his legal defense and presidential campaign have merged. Smith may remain the ex-president’s greatest threat as the prosecutor with the best chance to complete a case against Trump early in the election year. New charges were also filed against Trump aide Walt Nauta and Mar-a-Lago maintenance manager Carlos De Oliveira.

Persons: Jack Smith, Donald Trump, Joe Biden, Smith, Trump, Mark Meadows, Fani Willis ’, Enrique Tarrio, Timothy Kelly, Tarrio, CNN Trump, Hunter, he’d, Tanya Chutkan, “, CNN’s Zachary Cohen, Paula Reid, Sidney Powell, Powell’s, Powell, Walt Nauta, Carlos De Oliveira Organizations: CNN, GOP, Trump, Trump White House, Republican, Republicans, Justice Department, Biden Locations: Florida, Washington, Fulton County , Georgia, Georgia, United States, Ukraine, Pennsylvania, Michigan, Arizona

Arm kicked off its roadshow in Baltimore, where influential asset manager T Rowe Price is headquartered, underscoring the fund manager's significance in big IPOs. Arm disclosed the proposed range would value it at between $48 billion and $52 billion. The valuation that Arm is chasing represents a climb-down from the $64 billion valuation at which SoftBank last month acquired the 25% stake it did not already own in the company from its $100 billion Vision Fund. Jamie Mills O’Brien, portfolio manager at British fund manager Abrdn, said he found SoftBank's valuation ask in the IPO "more palatable than initially discussed." Unlike most loss-making but high-growth tech companies that debut with lofty valuations but later plummet below list price, Arm is profitable.

Persons: Group's, T Rowe Price, SoftBank, Jamie Mills O’Brien, Abrdn, Arm, Dado Ruvic, Sara Russo, Bernstein, Goldman Sachs, JPMorgan Chase, Manya Saini, Pablo Mayo, Arun Koyyur, Nick Zieminski Organizations: Arm Holdings, Rivian Automotive Inc, Sands, Cambridge, Vision, Nvidia Corp, Apple, Nvidia, Devices, Intel, Samsung Electronics, REUTERS, Acorn Computers, Apple Computer, VLSI Technology, London Stock Exchange, Nasdaq, SoftBank, Inc, Reuters, Barclays, JPMorgan, Mizuho Financial Group, underwriters, Pablo Mayo Cerqueiro, Thomson Locations: Baltimore, Arlington , Virginia, England, China, United States, Bengaluru, London, Lincoln

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. Arm is also meeting with other potential investors, including Arlington, Virginia-based Sands Capital, in Baltimore on Tuesday, the sources said. The chip designer is expected to meet with other investors in cities including New York in the days leading up to the pricing of its IPO on September 13, the sources said. T Rowe Price and Sands Capital did not immediately respond to requests for comments. Reporting by Echo Wang and Anirban Sen in New York Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Rowe Price, Arm, Echo Wang, Anirban Sen, Nick Zieminski Organizations: REUTERS, Arm Holdings, SoftBank Group Corp, Sands Capital, Thomson Locations: Baltimore, Arlington , Virginia, New York

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