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Former U.S. President and Republican presidential candidate Donald Trump speaks at a campaign event in Council Bluffs, Iowa, U.S., July 7, 2023. According to the indictment, Trump ignored advisers who told him the election was not fraudulent and helped organize fake slates of electors to try to capture electoral votes in states he had lost. The Trump campaign issued a statement accusing the Biden administration of targeting him for political gain. Trump, 77, the first former U.S. president to face criminal charges, has been indicted on three separate occasions this year. Many Republican officials, unwilling to anger Trump's substantial base of supporters, attacked Biden instead, claiming that the latest charges were politically motivated.

Persons: Donald Trump, Scott Morgan, Jack Smith, Trump's, Joe Biden's, Trump, Biden, President Trump, Smith, General Merrick Garland, Fani Willis, Willis, Ron DeSantis, Sarah N, Lynch, Jacqueline Thomsen, Joseph Ax, Scott Malone, Michael Perry Organizations: U.S, Republican, REUTERS, Trump, Capitol, Soviet Union, Department, White, Biden, Thomson Locations: Bluffs , Iowa, U.S, Washington, Georgia, Nazi Germany, The Hague, Manhattan, Atlanta, Florida

The four-count, 45-page indictment charges Republican Trump with conspiring to defraud the U.S. by preventing Congress from certifying Democrat Joe Biden's victory and to deprive voters of their right to a fair election. The charges stem from Special Counsel Jack Smith's sprawling investigation into allegations Trump sought to reverse his loss to Biden. The indictment lays out numerous examples of Trump's election falsehoods and notes that close advisers, including senior intelligence officials, told him repeatedly that the election results were legitimate. "President Trump will not be deterred by disgraceful and unprecedented political targeting!" Tuesday's charges represent a second round of federal charges by Smith, who was appointed a special counsel in November by U.S. Attorney General Merrick Garland.

Persons: Donald Trump, Trump, Joe Biden's, Mike Pence, Tanya Chutkan, Barack Obama, Jack Smith's, Biden, Weeks, Smith, Rudy Giuliani, Jeffrey Clark, John Eastman, Pence, Lindsay DeDario, Ted Goodman, Clark, Eastman, General Merrick Garland, Stormy Daniels, Kevin McCarthy, Ron DeSantis, Trump's, Fani Willis, Garland, Jacqueline Thomsen, Sarah N, Lynch, Rami Ayyub, Andrew Goudsward, Luc Cohen, Jack Queen, Kanishka Singh, Dan Whitcomb, Costas Pitas, Mike Scarcella, Tim Reid, Jeff Mason, Gram Slattery, Joseph Ax, Scott Malone, Will Dunham, Howard Goller, Grant McCool Organizations: U.S, Capitol, Republican, ., Trump, Congress, Justice, REUTERS, TRUMP, REPUBLICAN, Republicans, Democratic, Justice Department, Thomson Locations: American, Washington, U.S, Washington ,, Nazi Germany, Georgia, Erie , Pennsylvania, Miami, Manhattan's, Florida, Fulton County, The Hague, Kosovo, New York

CNN —A 79-square-mile area of Los Angeles County is under quarantine after an invasive fruit fly was found there – the first such quarantine for the pest in the Western Hemisphere, according to California officials. The Tau fruit fly, originating in Asia, is a “serious pest for agriculture and natural resources,” according to the release. It isn’t the first time the Tau fruit fly was found in California. The state agency plans to work with the US Department of Agriculture and local authorities to eliminate the Tau fruit fly and prevent its spread. Crews will cut host fruit and vegetables on properties within 200 meters of detections to inspect for fruit fly larvae, among other measures, the state agriculture agency said.

Persons: It’s, Stevenson, Crews Organizations: CNN, California Department of Food, Agriculture, Residents, US Department of Agriculture Locations: Los Angeles County, California, Stevenson, Santa Clarita, Asia, Los Angeles, San Bernardino County

REUTERS/Lindsay DeDarioAug 2 (Reuters) - A law enacted in the aftermath of the U.S. Civil War to protect the rights of Black people factors into the charges brought against former President Donald Trump on Tuesday in a federal election interference case. The scheme explicitly targeted Black voters. To prevail against Trump, prosecutors must prove he conspired with at least one other person to deprive voters of their right to a fair election, regardless of whether he was successful. Trump could argue that he is innocent because he did not intend to break the law. But even if prosecutors have a strong legal case, Trump would need just one holdout juror to trigger a mistrial.

Persons: Donald Trump, Lindsay DeDario, Trump, Joe Biden's, Kristy Parker, Joe Biden, “, Parker, Black, disenfranchisement, Hillary Clinton, Trump's, ”, Eric Gibson, ” Gibson, Jack Queen, Sarah N, Lynch, Noeleen Walder, Howard Goller Organizations: U.S, Republican, REUTERS, U.S ., Democracy, Klux Klan, Prosecutors, Supreme, Trump, Congress, Thomson Locations: Erie , Pennsylvania, U.S, U.S . Civil, Black, Atlanta, Detroit, Philadelphia, Brooklyn, Pennsylvania, New York, Washington

REUTERS/Kevin Fogarty/Photo... Read moreAug 1 (Reuters) - The charges brought against former President Donald Trump on Tuesday in the federal election interference case are based in part on a law enacted in the aftermath of the U.S. Civil War to protect the rights of Black people. Federal prosecutors base one charge, conspiring to deprive citizens of constitutional or legal rights, on a law enacted during post-Civil War Reconstruction in 1870, when federal lawmakers sought to integrate into society enslaved people who had been freed. The scheme explicitly targeted Black voters. Trump could argue that he is innocent because he did not intend to break the law. But even if prosecutors have a strong legal case, Trump would need just one holdout juror to trigger a mistrial.

Persons: Donald Trump, Kevin Fogarty, Read, Trump, Joe Biden's, Kristy Parker, Joe Biden, “, Parker, Black, disenfranchisement, Hillary Clinton, Trump's, ”, Eric Gibson, ” Gibson, Jack Queen, Sarah N, Lynch, Noeleen Walder, Howard Goller Organizations: U.S, REUTERS, U.S ., Republican, Democracy, Klux Klan, Prosecutors, Supreme, Trump, Congress, Washington , D.C, Thomson Locations: U.S . Civil, Black, Atlanta, Detroit, Philadelphia, Brooklyn, Pennsylvania, U.S, New York, Washington ,

☆ Michigan prosecutors charge Trump allies in felonies involving voting machines, illegal ‘testing’
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: +3 min

Republican candidate for Attorney General Matthew DePerno claps during former President Donald Trump's remarks during a Save America rally on October 1, 2022 in Warren, Michigan. Daire Rendon, a former Republican state representative, was charged with conspiracy to commit undue possession of a voting machine and false pretenses. He could not be reached by phone immediately for comment but has previously denied wrongdoing and has accused the state attorney general of "weaponizing her office." Five vote tabulators were taken from three counties in Michigan to a hotel room, according to documents released last year by Attorney General Dana Nessel's office. Charges were slow to come in the case, in part because prosecutors wanted clarification from a judge about what constitutes illegal possession of a voting machine.

Persons: Matthew DePerno claps, Donald Trump's, Donald Trump, Matthew DePerno, Daire, Richard Lynch, Trump, DePerno, General Dana Nessel's, Nessel, wouldn't, D.J, Hilson, it's Organizations: Republican, Trump, Oakland County's, DePerno Locations: Warren , Michigan, Michigan, Oakland County, Georgia

☆ Factbox: Who has been prosecuted for trying to undo Trump's 2020 election loss?
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +4 min

Four other defendants have pleaded guilty to seditious conspiracy, the Justice Department said in May. MORE THAN 1,000 ARRESTSMore than 1,000 people have been arrested on charges arising from the Capitol attack, according to the Justice Department. Of those, 570 have pleaded guilty and 78 were convicted at trial. Rhodes during his sentencing hearing called himself a "political prisoner" who was trying to oppose people "who are destroying our country." Vallejo was sentenced to three years in prison after being convicted of seditious conspiracy and other crimes.

Persons: Donald Trump, Leah Millis, Democrat Joe Biden, Stewart Rhodes, Enrique Tarrio, Rhodes, Trump, Matthew Peed, Edward Vallejo, Jan, Peed, al, Vallejo, Jacob Chansley, Jared Wise, Wise, Richard, Bigo, Barnett, Nancy Pelosi's, Costas Pitas, Jacqueline Thomsen, Sarah N, Lynch, Will Dunham, Scott Malone Organizations: U.S, Capitol, REUTERS, Republican, Democrat, Trump, Civil, Justice Department, Army, Yale, TRUMP, World Trade, FBI, Gestapo, . House, Thomson Locations: Washington , U.S, United States

☆ David Rosenberg doubles down on his recession call - and reveals the wild pushback he's faced
▼ + stars: | 2023-08-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

David Rosenberg is sticking with his recession call, despite many other experts backing down. In a client memo, he shared some of the extreme pushback he's received for his gloomy forecasts. David Rosenberg, a leading economist who called both the dot-com and housing crashes, remains fully convinced the US economy is headed for a recession. Recession indicators including the inverted yield curve, The Conference Board's Leading Economic Index, and the New York Fed's recession model are still flashing red. "The impatience and tempestuousness out there do not surprise me, either, having called the markets and the economy for nearly 40 years," he continued.

Persons: David Rosenberg, he's, Michael Burry, Warren Buffett, Merrill, Rosenberg, Merrill Lynch Organizations: Service, Internet, Conference, Biden, North Locations: Wall, Silicon, Houston, York, North American

☆ Meet Ted Pick, the hard-charging 'deal junkie' who rose to the top at Morgan Stanley the old-fashioned way — and looks poised to succeed James Gorman as CEO
▼ + stars: | 2023-08-01 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +20 min

Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Succession has traditionally been a bloody sport on Wall Street, and Morgan Stanley is no exception. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.

Persons: Morgan Stanley, Ted Pick, Pick, Gucci loafers, Blackstone, Tony James, Morgan, James Gorman, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, Goldman, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, — Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long

☆ Famed economist David Rosenberg says the Fed's research team laughed at him in late 2007 when he warned them a recession was coming. He says the central bank is now on the verge of sparking another do
▼ + stars: | 2023-07-31 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Economist David Rosenberg told Insider that Fed employees laughed at his recession call in 2007. On October 9, 2007, shortly before the global economy plunged into recession, David Rosenberg delivered a presentation to economists and members of the research team at the Federal Reserve detailing why a downturn was coming. The Treasury yield curve is near its most inverted levels since the early 1980s. Here's the spread between the 3-month and 10-year Treasury yields. Then there's The Conference Board's Leading Economic Index, which is in recessionary territory, marked by the red lines below.

Persons: David Rosenberg, Rosenberg, Merrill Lynch, Mr, Louis Organizations: Federal Reserve, North, Conference, Fed, Federal, Rosenberg Research, Treasury, Federal Reserve Bank of St Locations: North American

☆ San Francisco Twitter complaint: City says flashing 'X' sign put up without a permit
▼ + stars: | 2023-07-30 | by ( Jamiel Lynch | ) edition.cnn.com time to read: +2 min

San Francisco CNN —In a complaint, the city of San Francisco says they have visited Twitter headquarters twice since Friday regarding the new flashing “X” sign on top of the building. He tweeted video of the building with the new flashing “X” logo on Saturday saying, “Our HQ in San Francisco tonight.”“NOV issued for work without permit. I explained to all representatives that the NOV requires the structure to be remove with a building permit or legalize,” the complaint reads. An aerial view shows a newly constructed X sign on the roof of the headquarters of the social media platform previously known as Twitter, in San Francisco, on July 29, 2023. CNN has reached out to the City of San Francisco and X for comment.

Persons: San Francisco CNN —, Elon, “, ” “, Tweeter, Josh Edelson, Patrick Hannan, X Organizations: San Francisco CNN, Twitter, CNN, MH, Getty, city’s Department, Inspection, Washington Post, City of Locations: San, San Francisco, AFP, City, City of San Francisco

☆ The Dow's latest winning streak is bad news for stocks - and a recession might be underway, top economist David Rosenberg says
▼ + stars: | 2023-07-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The Dow's recent winning streak is a worrying sign, David Rosenberg says. Rosenberg says a recession may be underway, and plunging inflation can be bad news for stocks. For the first time since January 1987, the Dow Jones Industrial Average closed in the green for 13 straight sessions before snapping its winning streak on Thursday. Stocks were up 28% at this point in 1987, Rosenberg noted. Rosenberg cautioned investors who expect stocks to soar because inflation has now slowed.

Persons: David Rosenberg, Rosenberg, Stocks, Merrill Lynch Organizations: Service, Dow Jones, Dow, Rosenberg Research, Federal, North Locations: Wall, Silicon, North American

July 28 (Reuters) - Here is a list of legal troubles facing former U.S. President Donald Trump, the front-runner for the 2024 Republican presidential nomination. Trump said his attorneys met on Thursday with U.S. Justice Department officials, in a sign charges could come soon. Trump said on his Truth Social platform that the Department of Justice had not told his attorneys when action was likely. Officials have testified that during his final months in office, Trump pressured them with false voter fraud claims. Legal experts said Trump may have violated at least three Georgia criminal laws: conspiracy to commit election fraud, criminal solicitation to commit election fraud and intentional interference with performance of election duties.

Persons: Donald Trump, Trump, JAN, General Merrick Garland, Trump's, Smith, Walt Nauta, Carlos De Oliveira, De Oliveira, Fani Willis, Brad Raffensperger, Michael Cohen, Stormy Daniels, Daniels, reimbursing Cohen, Cohen, Jean Carroll, Carroll, Letitia James, James, Donald Jr, Eric, Joseph Ax, Luc Cohen, Karen Freifeld, Susan Heavey, Sarah N, Lynch, Jonathan Stempel, Jacqueline Thomsen, Noeleen Walder, Howard Goller, Daniel Wallis Organizations: CAPITOL, U.S, Capitol, U.S . Justice Department, Department of Justice, White, Trump, Prosecutors, Republican Georgia, U.S . Constitution, Trump's, CNN, NEW, GENERAL, New York, Trump Organization, Thomson Locations: Miami, Lago Florida, New Jersey, GEORGIA, Fulton County, Georgia, U.S ., York, Manhattan, Lago, Florida, New York

CNN —Taylor Swift fans are in their record-breaking era. The “Swift Quake” has been compared to the 2011 “Beast Quake,” when Seattle Seahawks fans erupted after an impressive touchdown by running back Marshawn “Beast Mode” Lynch. The ensuing celebration was detected on the same local seismometer as the Swift concert, Caplan-Auerbach told CNN. Seismograms compare seismic activity from the 2011 'Beast Quake' with activity recorded during one of Taylor Swift's July concerts in Seattle. While the magnitude difference between “Beast Quake” and “Swift Quake” is only 0.3, Caplan-Auerbach said the Swifties have the Seahawks fans beat.

Persons: CNN — Taylor Swift, Lumen, Jackie Caplan, Auerbach, ” Lynch, Caplan, Taylor, Auerbach “, they’re, Swift, “, ” Caplan, Taylor Swift's, Taylor Swift, ”, Chloe Melas Organizations: CNN, Lumen Field, Seattle Seahawks, Western Washington University, Facebook, Seahawks, “ Locations: Seattle, Pacific, Pittsburgh, Santa Clara, Northern California, Los Angeles, Mexico City

☆ Trump lawyers told to expect indictment -NBC News
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, July 27 (Reuters) - Donald Trump's attorneys have been told to expect an indictment against the former U.S. president from a federal investigation into efforts to overturn his 2020 presidential election defeat, NBC News reported on Thursday, citing unidentified sources. Any indictment in the election case would represent a second round of federal charges from Smith, who was appointed in November by U.S. Attorney General Merrick Garland. Trump's attorneys previously met with officials at the Justice Department, including Smith, before a grand jury in Miami indicted Trump in June. The first charges brought against Trump came in March when a grand jury convened by Manhattan's district attorney indicted him. Trump, 77, leads a crowded field of Republican presidential candidates as he seeks a rematch with Biden, 80, next year.

Persons: Donald Trump's, Jack Smith, Trump, Democrat Joe Biden, Smith, General Merrick Garland, Trump's, Stormy Daniels, Biden, Sarah N, Lynch, Jacqueline Thomsen, Doina Chiacu, Howard Goller Organizations: NBC, Democrat, U.S, Capitol, Biden's, ., Justice Department, Miami, Trump, Republican, Thomson Locations: U.S, Miami, Manhattan's

☆ Head of US 'KleptoCapture' unit targeting Russian oligarchs leaves Justice Dept.
▼ + stars: | 2023-07-27 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Andrew Adams, who has led the "KleptoCapture" task force since its inception in March 2022, will be replaced by his deputies Michael Khoo and David Lim, a DOJ spokesperson said. "It was a privilege to cap this time in service of the Department's response to the war in Ukraine," Adams, a 10-year Justice Department veteran, wrote in a LinkedIn post. In launching the task force, U.S. Attorney General Merrick Garland said it would enforce sanctions and export controls designed to freeze Russia out of global markets, and confiscate assets obtained through unlawful conduct. During Adams' tenure, the unit unveiled indictments against aluminum magnate Oleg Deripaska and TV tycoon Konstantin Malofeyev for alleged sanctions busting, and seized yachts belonging to sanctioned oligarchs Suleiman Kerimov and Viktor Vekselberg. Reporting by Luc Cohen in New York; Additional reporting by Sarah N. Lynch in Washingon, D.C.; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Adams, Michael Khoo, David Lim, Adams, General Merrick Garland, Oleg Deripaska, Konstantin Malofeyev, Suleiman Kerimov, Viktor Vekselberg, Artem Uss, Khoo, Lim, Luc Cohen, Sarah N, Lynch, Daniel Wallis Organizations: U.S . Department, Reuters, Department of Justice, DOJ, Department, Vekselberg's, Huawei Technologies, Iran, Airbus, D.C, Thomson Locations: Moscow, Ukraine, New York City , New York, U.S, Russia, York, Russian, Italy, New York, Washingon

De Oliveira, 56, told another worker at the resort where Trump lives that "the boss" wanted security videos of the property in Florida deleted after the Justice Department subpoenaed them. Trump pleaded not guilty in Miami last month to federal charges of unlawfully retaining the classified government documents after leaving office in 2021 and obstructing justice. Prosecutors filed additional charges against another Trump aide, Walt Nauta. Nauta pleaded not guilty earlier this month to charges he helped the former president hide documents. According to the new indictment, Nauta and De Oliveira moved 64 boxes of records to Trump's residence after the Justice Department subpoenaed Trump for any classified records in May 2022.

Persons: Donald Trump, Jack Smith, Carlos De Oliveira, Trump, De Oliveira, Prosecutors, De Oliveira's, Democrat Joe Biden, Biden, Trump's, Ron DeSantis, Smith's, Walt Nauta, Nauta, Evan Corcoran, Smith, Jacqueline Thomsen, Tim Ahmann, Dan Whitcomb, Andy Sullivan, Scott Malone, Grant McCool Organizations: Trump, Trump's, Justice Department, FBI, Mar, Democrat, of Justice, REPUBLICAN, Republican, Reuters, Republicans, Monday, Thomson Locations: Florida, Lago, Miami, U.S, New York, New Jersey

Say hello to the new Galaxy Tab S9 family, comprising three siblings that get bigger the more you're willing to spend on them—take your pick between the Galaxy Tab S9 (11 inches), S9 Plus (12.4 inches), and S9 Ultra (14.5 inches). Note: The link above allows you to select the exact model, storage, and wireless configuration you want across all three Galaxy Tab S9 models. For a limited time, Samsung offers free storage upgrades on all Galaxy Tab S9 purchases. Samsung Galaxy Tab S9 preorder dealsOne of the most significant benefits of preordering a Galaxy Tab S9 is the free storage upgrade, regardless of which version you buy. If you're interested in the 1TB Galaxy Tab S9 Ultra, you can get $150 off instantly at checkout.

Persons: doorsteps, you'll, You'll, DeX Organizations: Galaxy, Samsung, Galaxy Watch, eBay, AKG, 120Hz, Qualcomm Locations: stow

Samsung has officially announced the Galaxy Z Fold 5 during a launch event at its Seoul headquarters. We'll walk you through all the available Z Fold 5 preorder deals and add fresh ones below as they come in. You can preorder the Samsung Galaxy Z Fold 5 today for a starting price of $1,799.99 for the 256GB model, and for a limited time, Samsung is automatically upgrading those orders to 512GB for free. A little bit awkward, as the Z Fold 5 is perhaps best described as a belt-tightening refinement on a maturing form factor. The 7.6-inch Dynamic AMOLED Flex Display is brighter at 1,750 nits (a 30% improvement compared to the Z Fold 4).

Persons: Black, Samsung.com, Gray, 12MP Organizations: Samsung, Qualcomm, Bluetooth, 1TB Locations: Seoul, Blue

New York CNN —A 68-year-old woman has her job back after she was fired last month for attempting to stop shoplifters at a Lowe’s store in Georgia. “The Lowes (sic) employee, Donna Hansbrough was fired for attempting to stop the theft,” the post said. “After senior management became aware of the incident and spoke to Donna Hansbrough today, we are reinstating her job and we are pleased that she has accepted the offer to return to Lowe’s,” Lowe’s said. In Kansas, Kansas Attorney General Kris Kobach, a Republican, said retail crime is a “spiraling problem,” adding that Kansas and Missouri are among the top 10 states in the nation for the volume of retail crime. “There is a link between drug trafficking and organized retail crime,” Kobach told lawmakers in June.

Persons: Donna Hansbrough, Lowes, “ Lowes, Donna, ” Lowe’s, Hansbrough, “, Kris Kobach, Kobach, ” Kobach, ”, Read Hayes, they’ve, Lululemon Organizations: New, New York CNN, Rincon Police Department, Lowes, CNN, Retailers, National Retail Federation, Republican, Kansas, “, University of Florida, Prevention Research Council, Walmart, “ Retailers Locations: New York, Georgia, Rincon, San Francisco, America, In Kansas, Kansas, Missouri, Peachtree Corners , Georgia

☆ What Is an Expense Ratio?
▼ + stars: | 2023-07-24 | by ( E. Napoletano | ) www.wsj.com time to read: +8 min

The easiest way to think of the expense ratio is the fee you pay to the portfolio manager of your mutual fund. When you invest in an ETF or mutual fund, the fund’s prospectus will state its expense ratio. How expense ratios impact investment returnsBefore you can look at how expense ratios impact your investment returns, it helps to understand what an average expense ratio looks like. While the average active stock fund’s expense ratio was 0.66% in 2022, the average bond fund charged just 0.44%, according to ICI. Remember: It should be easy to find the fund’s expense ratio.

Persons: it’s, Chloe Wohlforth, Russell, Warren Buffett, Peter Lynch —, Merrill Lynch, Morgan Stanley, Justin McCurdy, “, ”, you’re, McCurdy Organizations: Investment Company Institute, ICI, BuySide, SEC, Morningstar Locations: —, New York, U.S, Angeles

☆ Microsoft and Google may have to surrender people's data to Saudi Arabia after signing huge deals there
▼ + stars: | 2023-07-24 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

But Saudi Arabia has weak privacy laws and a track record of persecuting dissidents. They are warning tech giants like Microsoft and Google that they could be forced to hand over private citizen data to Saudi hitmen. Data handed over a silver platterMarwa Fatafta, an analyst with digital rights group Access Now, described Saudi Arabia as a country with a "dismal" human rights record. "Have they really [Google and Microsoft] investigated how they plan to mitigate potential human rights abuses or privacy violations, building such infrastructure?" Countries such as Saudi Arabia, he said, often told companies that "if you want to operate in this country, you've got to keep the data in this country.

Persons: Prince Mohammed bin Salman's, Rewan Al, Haddad, umOfUs, FAYEZ NURELDINE, Fatima al, Salma al, Alan Woodward, you've, James Lynch, Fairsquare, Crown Prince Mohammed, James, Lynch, Prince Mohammed, it's, Woodward Organizations: Microsoft, Google, Service, Saudi, Human Rights Watch, New York Post, Getty, Twitter, Leeds University, University of Surrey, Crown Locations: Saudi Arabia, Wall, Silicon, Riyadh, Saudi, AFP

☆ ChatGPT helped a simulated study return up to 512% trading stocks based on news. Here's the prompt the researchers used — plus the positive and negative takeaways from their findings.
▼ + stars: | 2023-07-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

ChatGPT excelled at predicting a stock's price direction based on news sentiment. They found that while ChatGPT excelled at predicting a stock's direction based on news sentiment, it is not without limitations. They prompted ChatGPT to assign the following scores to headlines: "1" for good news, "0" for unknown and "-1" for bad news. Is this headline good or bad for the stock price of (company name) in the term (short or long-term)?" This meant negative news had a greater and longer impact in the real world than in the simulation,, likely giving ChatGPT an advantage, Lopez-Lira noted.

Persons: ChatGPT, Bard, Alejandro Lopez, Yuehua Tang, Merrill Lynch, Lopez, Lira, Tang, Russell, BERT, Philip Morris, Gene Tipps, David Capablanca, Alpesh Patel, Praefinium, Patel, Capablanca, GPT's, it's, Cory Mitchell, would've, Mitchell, you'll, they're Organizations: University of Florida, of Florida's Department, Finance, Lira, Center for Research, Linux, NYSE, Nasdaq, GPT, Design, Cadence Design, Philip Morris Beats, Global, Global Operations, Dow Locations: GPT

☆ A 31-year market vet warns stocks face at least 23% downside with inflation still too high, a recession looming, and a narrow group of companies driving the current rally
▼ + stars: | 2023-07-22 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Manufacturing data, inflation data, market breadth, and high rates are warning signals, he says. Bullandbearprofits.comShort-term Treasury rates remaining elevated prove the Fed is going to continue raising rates, Wolfenbarger said. The ISM PMI Manufacturing Index is currently at 46, and readings below 50 mean the economy is contracting. Bullandbearprofits.comAll of this amounts to a bearish outlook for stocks, Wolfenbarger believes. Some in the market are growing fatigued of the recession forecasts as the market surges back toward all-time-highs.

Persons: Jon Wolfenbarger, Wolfenbarger, Wolfenbarger —, Merril Lynch, Piper, Michael Kantrowitz, Kantrowitz, Morgan Stanley, Mike Wilson, Wilson, Morgan Stanley Wilson, there's Organizations: Federal, JPMorgan, Bull, CPI, Cleveland Fed, University of Michigan, PMI

☆ UK unions suspend London Underground strikes next week
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] People stand outside Victoria Underground station that is closed while London Underground workers strike over pay and terms, in London, Britain, August 19, 2022. REUTERS/Henry NichollsLONDON, July 21 (Reuters) - Two British trade unions on Friday called off strikes on London's underground train network which had been planned to take place next week, citing progress in talks on pensions and working conditions. The National Union of Rail, Maritime and Transport Workers (RMT) union had been planning to take industrial action between July 23 and 28. "After a week of intense negotiations, we have made real progress in making sure our members’ working conditions and pensions are protected," Finn Brennan, ASLEF organiser, said in a statement. "Our campaign to defend jobs, conditions and our members pensions will continue in the coming weeks and months," Lynch said.

Persons: Henry Nicholls LONDON, Finn Brennan, Mick Lynch, Lynch, William James, Farouq Suleiman, Jason Neely Organizations: London Underground, REUTERS, National Union of Rail, Transport Workers, Associated Society of Locomotive Engineers, Firemen, Thomson Locations: London, Britain, British, Maritime

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