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☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

☆ Miki Agrawal has moved on from Thinx. She hopes you have, too.
▼ + stars: | 2024-04-10 | by ( Claire Landsbaum | ) www.businessinsider.com time to read: +23 min

Agrawal, a 45-year-old serial entrepreneur who founded the period-underwear company Thinx and the bidet startup Tushy, has always poured herself into her businesses. That July, Agrawal gave birth to her son, Hiro Happy Horn Agrawal. AdvertisementAfter leaving Thinx, Agrawal, pictured here in her Texas home, poured her energy into her bidet startup Tushy. Before Thinx, before Tushy, Agrawal was an analyst at Deutsche Bank, working in an office near the World Trade Center. In 2011, she cofounded period-underwear company Thinx with her twin sister, Radha, and a friend, Antonia Saint Dunbar.

Persons: Miki Agrawal, Agrawal, she's, We're, missteps she'd, Miki Agrawal Agrawal, Andrew Horn, Agrawal's, Horn, Instagram, she'd, Hiro Happy Horn Agrawal, Forbes, Tushy, they'd, Thinx, Ilana Panich, —, hadn't, they're, Richard Wolf, Radha, Antonia Saint Dunbar, Nicholas Hunt, undressed, wasn't, Shama Amalean Skinner, Amalean Skinner, Maria Molland Selby, welling, Miki, who's, Justin Allen, She'd, Hiro, Jason Ojalvo, Ojalvo, Horn —, Melissa Pruett, Pruett, Jessica Fern's, I've, exes, it's, wifedom, hummus —, Happie Hoffman, Austin, Tesla, Elon Musk, Musk's, Kimbal, Argawal Organizations: New York, Commission, Human Rights, Washington Post, CNBC, Business, Deutsche Bank, World Trade, New York Magic, Food Network, New York Magazine, Antonia Saint Dunbar ., Nike, Outfront Media, New, MTA, New York Times, Glamour, Amazon Locations: New, playa, Texas, Tribeca, West, Williamsburg, Park, America, Canada, Orlando, Thinx, Costa Rica, Horn, Oregon, Austin

☆ EU Parliament approves major reforms to migration policy
▼ + stars: | 2024-04-10 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

The wide-ranging reforms are designed to ease the burden on countries that have historically taken the most asylum-seekers among the EU’s 27 member states. Roberta Metsola, President of the European Parliament, said: “We have delivered a robust legislative framework on how to deal with migration and asylum in the EU. In theory, the EU will now spread the burden across the 27 member states, either through relocation of people to other member states or through financial and practical assistance in processing refugee claims. In a number of EU countries – notably Italy, Hungary, Slovakia and Sweden – anti-immigrant Euroskeptic politicians are in power, either outright or through coalition. “And it will ultimately be up to the member states themselves to decide how these new measures are practically managed.

Persons: Roberta Metsola, Joelle Grogan, Grogan, ”, Alberto Neidhardt, Neidhardt Organizations: CNN, European, EU, European Policy, Ukraine Locations: Greece, Italy, Malta, East, North Africa, Dublin, Brussels, “, Hungary, Slovakia, Sweden, France, Germany, Ukraine, United States

☆ Zelensky says he will listen to Trump’s ideas to end war ‘with pleasure’
▼ + stars: | 2024-04-10 | by ( Sophie Tanno | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +5 min

CNN —Ukrainian President Volodymyr Zelensky said he would listen to former US President Donald Trump’s ideas to end the war in Ukraine with “pleasure” but trod carefully around the issue during an interview at the Delphi Economic Forum in Greece. I haven’t heard that directly from Trump,” Zelensky told CNN’s Senior Correspondent Fred Pleitgen via video link from Ukraine. Ukrainian President Zelensky is pictured speaking from Ukraine during an interview with CNN’s Fred Pleitgen, who is at the Delphi Economic Forum in Greece. Ukraine's President Volodymyr Zelensky inspects new fortifications for Ukrainian servicemen near the Russian border in the Kharkiv region on Tuesday. Ukrainian Presidential Press Service/Handout/Reuters“I’d like to underscore that no Western weapons were used to attack in such a way.

Persons: Volodymyr Zelensky, Donald Trump’s, ” Zelensky, CNN’s, Fred Pleitgen, “, Zelensky, Trump, Ukraine “, ”, The Trump, “ There’s, he’s, CNN’s Fred Pleitgen, Pleitgen, Vladimir Putin’s, Putin’s, Reuters “, Oleksandr Prokudin, Ukrenergo Organizations: CNN, Delphi, Republican, German, Wednesday, Trump, Russia, West, Presidential Press Service, Reuters, Ukraine’s Defense Forces of Locations: Ukraine, Greece, Ukrainian, Russia, Trump, Delphi, Zelensky, “, Kharkiv, Western, Russian, Odesa, Mykolayiv, Kherson, Mykolaiv

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 20-Year Fixed Mortgage Rates Increase (+0.15%)The average 20-year fixed mortgage rate is 15 points up from where it was last week, and is sitting at 6.30%. 15-Year Fixed Mortgage Rates Rise (+0.20%)The average 15-year mortgage rate is 6.11%, up from last week. Mortgage Refinance Rates30-Year Fixed Refinance Rates Decrease (-0.30%)The average 30-year refinance rate is 7.06%, 30 basis points lower than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: you'll, It's, refinance Organizations: Federal Reserve, Mortgage Bankers Association, Zillow, FHA Locations: Chevron

☆ Opinion: Beyoncé is the start of a Black country groundswell
▼ + stars: | 2024-04-10 | by ( Opinion Alice Randall | ) edition.cnn.com time to read: +9 min

Her book “My Black Country: A Journey Through ” Country Music’s Past, Present and Future,” was published this month. I hear Black moonshiners and Black cowboys, Black nature lovers and Black ghosts, Black angels, Black freedom fighters, gunslingers and Black shotgun riders. It could start a groundswell of long overdue recognition of the overlooked Black country legends and hope for the Black country stars of the future. But for Black performers in particular, it offers a seat, at long last, at a gathering of the country music family. As I write in “My Black Country,” “I have imagined Black country and country to be born as an art form, as an aesthetic, in the year 1624 near Jamestown, Virginia.

Persons: Alice Randall, who’s, ”, I’ve, Alice Randall Keren Trevino, Matraca Berg, Beyoncé’s, Carter, she’s, White, “, Jolene, Cowboy Carter, Ronald Reagan, George H.W, George H.W . Bush, Sen, Ted Kennedy, Roy Acuff, DeFord Bailey, Ole Opry’s, jumpstart Acuff’s, Anna Gordy, Berry Gordy, Marvin Gaye, Anna, Anna Gordy —, Detroit, Carter ”, Linda Martell, Rumi Carter, Jay Z, Blue Ivy, Sir, Rumi, Mike Blake, Dolly Parton, Willie Nelson, Miley Cyrus, Billy Ray Cyrus, Beyoncé, Cowboy Carter ”, ” Beyoncé, William Tucker, Stoney Edwards Organizations: CNN, Country Music Association, DAR, Blacks, Motown Records, Anna Records, Grand Ole Opry, Reuters, America, Eagle Locations: Nashville, Washington , DC, George H.W ., Detroit, Los Angeles, Black, European, Jamestown , Virginia, America, It’s

☆ Google DeepMind's CEO reportedly thinks it'll be tough to catch up with OpenAI's Sora
▼ + stars: | 2024-04-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Google DeepMind CEO may think OpenAI's text-to-video generator, Sora, has an edge. Demis Hassabis told a colleague it'd be hard for Google to draw level with Sora, The Information reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDemis Hassabis may think OpenAI's text-to-video generator is more advanced than one made by his own company. According to The Information, the Google DeepMind CEO recently told a colleague that it could be difficult for Google to draw level with OpenAI's Sora.

Persons: Demis Hassabis, it'd, Sora, —, OpenAI's Sora, OpenAI Organizations: Google, Big Tech, Service, Business

☆ Jon Stewart says the Arab states won't give Palestinians citizenship because they're really terrified of the 'Islamists' they backed
▼ + stars: | 2024-04-09 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Jon Stewart slammed Arab states for not granting citizenship to the Palestinians. Stewart said the states were "scared shitless" of all the Islamists they helped foster in Palestine. "Look they're all terrified of Hamas and Hezbollah," Stewart told his guest, Christiane Amanpour. Advertisement"The Daily Show" host Jon Stewart says the Arab nations have a "dirty little secret" that might explain why they aren't granting Palestinian refugees citizenship in their own countries. Stewart was interviewing journalist Christiane Amanpour about the Israel-Hamas war when he ripped Arab states like Jordan for being too passive about Palestinians' plight.

Persons: Jon Stewart, Stewart, Christiane Amanpour, —, Jordan Organizations: Service, Business Locations: Palestine, Israel

☆ Republican megadonor Jeff Yass, inner circle give millions to shape schools, courts
▼ + stars: | 2024-04-09 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

The firm and the foundation are twin enterprises of Republican megadonor Jeff Yass, and a small group of allies. The foundation is run by Yass and other veteran Susquehanna executives, according to the documents that are current through 2022. The Susquehanna Foundation is one of two foundations that Yass and his closest friends have funded and led. The other foundation is even less well known: the Claws Foundation. Similar to Susquehanna, Claws is the charitable arm of one person: Arthur Dantchik, a co-founder of Susquehanna International Group with Yass, is the sole listed donor to Claws Foundation.

Persons: Jeff Yass, Arthur Dantchik, Dantchik, Brendan Fischer, Summer Lee, Donald Trump, Jeffrey Yass Organizations: Republican, Susquehanna Foundation, Susquehanna International Group, Susquehanna, Claws Foundation, Susquehanna International, Sterling Foundation Management, CNBC, Cato Institute, Institute for Justice, Supreme, Atlas Network, Competitive Enterprise, Competitive Enterprise Institute, Susquehanna Growth Equity Fund III, Moderate PAC, Democratic Rep, Politico, Democratic Locations: Yass, Bala Cynwyd, Pennsylvania, Susquehanna, Virginia, Dantchik, Washington, Pitchbook

☆ Simon Harris becomes Ireland’s youngest-ever leader
▼ + stars: | 2024-04-09 | by ( Rob Picheta | ) edition.cnn.com time to read: +7 min

CNN —Simon Harris has become the youngest-ever prime minister of Ireland, officially taking office in Dublin on Tuesday after Leo Varadkar suddenly stepped down last month. Harris, 37, ran unopposed to replace Varadkar as leader of the ruling Fine Gael party, and the final formalities of his rise to power were completed in the Dáil, Ireland’s parliament. And we are seeing innocent children, women, and men being starved and slaughtered,” Harris told lawmakers in the Irish parliament. The son of a taxi driver, born in eastern Ireland, Harris studied journalism and French at a Dublin university but dropped out to instead focus on politics. As health minister, Harris was prominent when Ireland voted to legalize abortion.

Persons: CNN — Simon Harris, Leo Varadkar, Harris, Varadkar, Sinn Fein, Israel, “, ” Harris, Fine, ”, Brian Lawless, Simon Harris ”, “ chillax, “ Didn’t, chillax, …, Jennifer Bray, Enda Kenny, Harris’s Organizations: CNN, Ireland, Fine Gael, Irish Republican Army, Irish, Hot Press, Varadkar, Twitter, “, Sky News Locations: Dublin, Ireland’s, Ireland, Gaza, “, Northern Ireland

☆ Zelenskyy bashes the idea Ukraine would cede land to Russia — the core of Trump's reported secret plan to end the war
▼ + stars: | 2024-04-09 | by ( Brent D. Griffiths | Paul Ronzheimer | ) www.businessinsider.com time to read: +4 min

Ukrainian President Volodymyr Zelenskyy dismissed Trump's reported secret plan to end Russia's war. According to The Washington Post, Trump favors Ukraine ceding territory to Russia to end the war. "If the deal is that we just give up our territories, and that's the idea behind it, then it's a very primitive idea," Zelenskyy said in an interview with Axel Springer media outlets. AdvertisementIn a statement to the Post, Trump's campaign cast doubt on any claims that the former president has formulated a way to end the war. "President Trump is the only one talking about stopping the killing."

Persons: Volodymyr Zelenskyy, Trump's, Trump, Zelenskyy, —, Donald Trump, Axel Springer, Joe Biden's, Karoline Leavitt, @ZelenskyyUa, Z69XAR0f0f, Paul Ronzheimer, Vladimir Putin, Putin, Mike Johnson, Marjorie Taylor Greene, Johnson, Mitch McConnell, Reagan, McConnell, Biden Organizations: The Washington Post, Service, Washington Post, CNN Locations: Ukraine, Russia, Crimea, Kharkiv, Russian, Israel, Taiwan, Marjorie Taylor Greene of Georgia

breeze liuI got a message from a friend of mine. She’s lobbied platforms to get them to stop linking to these sites and directing traffic to these sites. breeze liuI did ask Pornhub to take it down. nicholas kristofThe deepfake companies made a mistake in targeting Breeze because she is very savvy about technology, about Silicon Valley. breeze liuI decided to create my own solution because I run into wall everywhere I go.

Persons: nicholas kristof I’m Nicholas Kristof, I’m, ” We’ve, Biden, Donald Trump, nicholas kristof There’s, Taylor Swift, catalina marchant de abreu, it’s, nicholas kristof, liu, Liu, Breeze, you’re, they’re, there’s, Pornhub, wouldn’t Organizations: The New York Times Locations: New Hampshire, Silicon

Brazil's President Jair Bolsonaro and Tesla CEO Elon Musk talk during a meeting in Porto Feliz city in Sao Paulo state, Brazil May 20, 2022. Brazilian Supreme Court Justice Alexandre de Moraes initiated an investigation into tech magnate Elon Musk on Sunday, the billionaire owner and chief technology officer of social network X. A defiant Musk wrote on Saturday in response to earlier court orders: "We are lifting all restrictions. By Sunday, Musk was further provoking the Brazilian Supreme Court, calling for the resignation or impeachment of Moraes, the justice who decided on the orders. Moraes has long supported regulations to rein in harmful content and misinformation online in Brazil.

Persons: Jair Bolsonaro, Elon Musk, Alexandre de Moraes, Musk, Moraes Organizations: Tesla, Brazilian Locations: Porto Feliz, Sao Paulo state, Brazil

☆ Grandma Joy: Now aged 94, this viral star is taking on a new travel challenge
▼ + stars: | 2024-04-07 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +12 min

“I don’t have many years left, [so] you hop to it,” Grandma Joy, now 94, tells CNN Travel via Zoom. @grandmajoysroadtrip“We’re in each other’s pockets all the time,” says Grandma Joy. “I tried to learn to enjoy his kind of music,” says Grandma Joy, who has three other grandchildren. Willing spirit"I'm in good shape for an old woman," says Grandma Joy. Life is very short.”As for Grandma Joy, she’s enjoying making up for lost time, and now has several stamps in her first ever passport.

Persons: Grandma Joy ” Ryan, Brad Ryan, “, Grandma Joy, Grandma, Ryan’s, Ryan, ”, @grandmajoysroadtrip, ” Ryan, I’ll, Keen, Old, Brad, Grandma Joy’s, wasn’t, ziplining, they’ve, “ We’ve, ” We’ve, that’s, he’s, they’re, she’s, I’ve, “ I’ve, “ They’ve, ‘, ’ Organizations: CNN, Parks, National Parks, Banff National, Mara, Reserve, Travel, “, and, Elias, of, South Pacific, Asia ” Locations: Hawaii, Canada, North America, Africa, Kenya, South America, Ecuador, Galapagos, Chile, “, Kilimanjaro, Tanzania, Florida, Smoky, North Carolina, Tennessee, Yellowstone, Alaska, New, West Virginia, Wrangell St, of American Samoa, South, Ohio, Australia, Asia, India, Borneo, Europe, Antarctica, Duncan Falls , Ohio

“This is a clear violation of the basic principles for protecting Europe’s largest (nuclear power plant). No nuclear power plant in the world is designed to withstand full-fledged fire from the armed forces. Damage to infrastructure facilities may affect the safe operation of the NPP,” the statement added, using an acronym for the nuclear power plant. Petro Kotin, head of Ukraine’s nuclear power operator Energoatom, said they were initially forced to work at “gunpoint” by invading Russian troops. Grossi points on a map of the Zaporizhzhia nuclear power plant, March 2022 Joe Klamar/AFP/Getty Images/FileBut fighting continued to rage around the plant in the summer of 2022, to the grave alarm of the IAEA.

Persons: Rafael Grossi, ” Grossi, Dmitry Peskov, Andriy Yusov, ” Yusov, “, Petro Kotin, Joe Klamar, Grossi, Volodomyr Zelensky Organizations: CNN, United Nations, International Atomic Energy Agency, IAEA, Europe’s, Zaporizhzhia NPP, NPP, Defense Intelligence, Ukrainska Pravda, Ukrayinska Pravda, Ukrainian Armed Forces, Russian, Getty, Kremlin Locations: Ukraine, Russian, Russia, ”, Ukrainian, Europe, Zaporizhzhia, AFP, Nova, ZNPP

☆ These plane crash survivors and victims’ loved ones are becoming scared to fly again after years of travel. They’re not alone
▼ + stars: | 2024-04-06 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +13 min

Others, however, said they are still confident in flight safety, pointing out that commercial air travel remains one of the safest modes of transportation. Cara and Erin Ashcraft survived the crash of American Airlines Flight 1420, operated on a McDonnell Douglas MD-82, during a landing at Little Rock National Airport on June 1, 1999. “I’ve never had concerns (about air travel safety) before. This is the hole left behind when the plug door of an Alaska Airlines flight blew off midflight on January 5, 2024. Pierson is wary of attitudes around the apparent safety of American air travel, he said.

Persons: Barb Handley, –, ” Handley, Handley, ”, ‘, Mary Handley, Alice, Barb Handley Miller, Pat Gabrielse, Dan Handley, Beth Handley McMall, Kathleen Handley Salemi, Cara, Erin Ashcraft, “, I’m, ” Cara, ” Cara Ashcraft, ’, McDonnell Douglas, Andy Scott, “ I’m, ” Erin Ashcraft, ” ‘ I’ve, Trey Smith, “ I’ve, ” Smith, Smith, Scott Kirby, United, Boeing Aubrey, Max, Aubrey, they’re, ” Anthony Brickhouse, Florida’s Embry, Brickhouse, Ed Pierson, Pierson, That’s, ” CNN’s Chris Isidore, Jacopo Prisco Organizations: CNN, Alaska Airlines, United Airlines Boeing, Boeing, –, National Transportation, NTSB, Federal Aviation Administration, United Airlines, American Airlines, McDonnell, Little Rock National Airport, Dallas Morning News, International Air Transport, United, Reuters United, Airbus, “ Airlines, Delta Air Lines, Hawaiian Airlines, Florida’s, Riddle Aeronautical University, Alaska Airlines Max, US Federal Aviation Administration, National Transportation Safety Board, Foundation for Aviation Safety, Air Canada, San Francisco International Airport Locations: Alaska, Little Rock , Arkansas, United States, Virginia, Los Angeles, East, Southwest

Hopeful homebuyers should expect mortgage rates to remain elevated for at least a couple more months. If inflation eases in the coming months and the Fed is able to start cutting its benchmark rate, mortgage rates should drop as expected. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. This is good news for mortgage rates — as inflation slows and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates are expected to trend down as well.

Persons: Jerome Powell, Fannie Mae Organizations: Federal, Zillow, Federal Reserve, Mortgage, Association, ARM Locations: Chevron

☆ Make these 4 moves to capitalize on one of the best investing opportunities in 50 years, according to a top-1% fund manager who's dominated in the last decade
▼ + stars: | 2024-04-06 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Read previewAlthough US stocks have been all the rage this year, a top-performing fund manager remains convinced that the most compelling investing opportunities are in international equities. Its 80% gain over the past five years is more than double that of the STOXX Europe 600 and is six-fold above the 13% return of Vanguard's Total International Stock Index ETF (VXUS). The Brandes International Equity Fund has been in the top 10% of its category in the last 10 years, according to Morningstar, which includes a top-1% finish in 2023. AdvertisementOnce the fund manager finds stocks that fit this bill, he thinks more like a business owner than a stock trader. Of all the opportunities in international markets, Germain is especially drawn to four stocks across various countries and industries.

Persons: —, Jeff Germain, Germain, David Kelly, Brandes, He's, " Germain, Royce Organizations: Service, Vanguard's, Stock, Business, Brandes Investment Partners, Brandes International Equity Fund, JPMorgan Asset Management, Morningstar, Heidelberg, Embraer, Royce, Heineken Locations: German, Brazil, Britain

☆ Many Renaissance portraits were hidden behind panels — this new exhibition explores why
▼ + stars: | 2024-04-05 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

Eileen TravellToday, we think of Renaissance portraiture as paintings on canvas or church walls, viewed openly. But an exhibition at the Metropolitan Museum of Art in New York, “Hidden Faces: Covered Portraits of the Renaissance,” reveals how many works of art from the period were deliberately covered by painted panels or shutters, or contained additional compositions on their reverse side. “These multisided and covered portraits have never been the subject of an exhibition before,” said the show’s curator, Alison Manges Nogueira, in a video call with CNN. On the reverse of this portrait, the artist Hans Memling painted one of the first independent still lifes, according to the exhibition. Museo Nacional Thyssen-BornemiszaThe exhibition includes works by Albrecht Dürer, Titian and Hans Holbein.

Persons: Martin Luther, He’d, Lucas Cranach, Katharina von Bora, Friedrich the Wise, Saxony, Anna Rasper, Eileen Travell, ”, Alison Manges Nogueira, Metropolitan Museum of Art “, ” Nogueira, that’s, Nogueira, Hans Memling, Albrecht Dürer, Titian, Hans Holbein, Cupid, Jacometto, —, it’s Organizations: CNN, Metropolitan Museum of Art, Museo Nacional Thyssen Locations: New York, England, Germany, Italy, Netherlands, Spain

☆ Why Wall Street's biggest wealth managers could face an avalanche of lawsuits thanks to one judge's ruling
▼ + stars: | 2024-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +10 min

The banks, in turn, make shareholders happy by reporting lower compensation costs since deferred compensation is marked as a liability. At Morgan Stanley, advisors forfeit this pay if they leave for another employer before four years of service. This ruling was used by a lawyer on another case, Alan Rosca, to secure a $3 million judgment against Morgan Stanley on March 25. In November, Morgan Stanley successfully fought off a class action attempt by 12 ex-Morgan Stanley advisors. Lawyers told Business Insider that the award and the ruling in Shafer v. Morgan Stanley will likely inspire more ex-advisors to sue.

Persons: —, Morgan Stanley, Morgan Stanley's, Alan Rosca, Cerulli, Rogge Dunn, Biden, Dunn, Goldman Sachs, Spencer Platt, Rosca, It's, Shafer, Judge Paul Gardephe, Meaghan VerGow, Pamela Miller, O'Melveny, Jack Edwards, Edwards, Street Former Morgan Stanley, Phil Waxelbaum, They've, you've, — Rosca, Waxelbaum, We're Organizations: Service, Wall, Business, Advisors, Biden Administration, FTC, Getty, Financial Industry Regulatory Authority, Street Former, Ajamie LLP, JPMorgan Locations: Cleveland, Dallas, New York, Shafer, Houston, Wells

This week, 30-year mortgage rates averaged 6.82%, according to Freddie Mac. Though mortgage rates are expected to go down in 2024, when they'll start dropping depends on how inflation trends in the coming months. This has kept mortgage rates elevated. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, they've, Fannie Mae, you'll Organizations: Federal Reserve, Mortgage, Association, Zillow, Sky Locations: Chevron

☆ Hot girls love book clubs
▼ + stars: | 2024-04-05 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

All the "It Girl" celebrities have their own book clubs, from model Kaia Gerber to Kendall Jenner. TikTok is flooded with "book recommendations for hot girls," and young women are flocking to apps like Bookclubs to start or join a reading group. But in an age when people are lonelier — and more chronically online — than ever, book clubs have taken on new meaning. Book clubs on the riseBook clubs are nothing new. "We call it book club, but we're not actually doing a traditional book club," Shao said.

Persons: —, Gen, Korn, Kaia Gerber, Kendall Jenner, they'd, Anna Ford, Ford, Isa Tomlinson, Tomlinson, Amylynne Siroin, Reese Witherspoon, Oprah Winfrey, Gen Zers, It's, Micaela Primoff, Primoff, it's, Vivien Shao, we're, Shao Organizations: Service, Fan Locations: TikTok, Austin, Brooklyn , New York, New York

☆ Opinion: If Marjorie Taylor Greene wins on Ukraine aid, we’re headed for dangerous territory
▼ + stars: | 2024-04-04 | by ( Julian Zelizer | ) edition.cnn.com time to read: +6 min

CNN —Republican Rep. Marjorie Taylor Greene of Georgia is the new boss in town. Greene is intent on blocking funding to Ukraine — a massive blow to both NATO and the US’ own commitment to the post-World War II international order. This standoff demonstrates just how far the Republican Party has moved from the era of Ronald Reagan. Long before Greene, a growing number of Republicans began expressing increased skepticism toward international institutions like the United Nations. With Greene keeping Johnson’s feet to the fire when it comes to aid to Ukraine, the GOP’s revolution is almost complete.

Persons: Julian Zelizer, Marjorie Taylor Greene, Mike Johnson, Johnson, Greene, ” Greene, —, we’ve, Ronald Reagan, Mikhail Gorbachev, Russia’s Vladimir Putin, Long, “, John Bolton, New York “, Jesse Helms of, George W, Bush, Saddam, Frances’s Jacques Chirac, Donald Trump, Bush’s, Putin, Mitt Romney, Barack Obama, Trump, MAGA Organizations: CNN, Princeton University, The New York Times, America, CNN — Republican, Republican, Ukraine, NATO, Republican Party, Soviet, United Nations, GOP, Republicans, UN, Senate Foreign, Iraq, Trump, Caucus Locations: Marjorie Taylor Greene of Georgia, Ukraine, United, United States, New York, Jesse Helms of North Carolina, Kyoto, Iraq, Russia, Helsinki, America

Washington CNN —CNN has sued for access to recordings of federal investigators’ interview with President Joe Biden in the now-closed probe over his handling of classified documents. “Without access to any of the interview records, the press and public initially could not form their own conclusions about Hur’s characterization of Biden. Jason Leopold, a reporter for Bloomberg News who frequently brings FOIA lawsuits, also has filed two lawsuits for access to records Hur created. The Judicial Watch complaint, filed in March, specifically seeks access to the Biden interview recordings. In the interview, Hur said Biden couldn’t remember the years he was vice president or when his son died.

Persons: Washington CNN —, Joe Biden, Robert Hur’s, Biden, Hur, …, Donald Trump, Jason Leopold, Beau’s, “, ” Organizations: Washington CNN, Washington CNN — CNN, Justice, DOJ, CNN, DC, Justice Department, Bloomberg News, Heritage Foundation, Judicial Watch, ” Locations: Washington ,

☆ Higher yielding CDs are coming due. Here’s where savers are redeploying their cash
▼ + stars: | 2024-04-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Today's higher rates on CDs aren't going to last , however. For investors contending with maturing CDs, that means they're running out of places to stash their idle cash and still generate an attractive yield. "The issue is reinvestment risk," said Michael Carbone, certified financial planner and financial advisor at Eppolito Financial Strategies in Chelmsford, Massachusetts. That's because once the Fed begins cutting rates, fixed income with longer-dated maturities will allow investors to lock in those higher yields. An opportunity to diversify fixed income In addition to adding exposure to longer-dated bonds, advisors have also been diversifying across different classes of fixed income.

Persons: Wells Fargo, Banks, Jerome Powell, Michael Carbone, Catherine Valega, Valega, Carbone, Josh Nelson, he's Organizations: Green Bee, Keystone Financial Services, MBS Locations: Chelmsford , Massachusetts, Winchester , Massachusetts, Loveland , Colorado, BlackRock

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