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The Biden administration’s fight against consolidation in the airline industry will be tested Tuesday with lawyers for JetBlue Airways and the Justice Department squaring off in court. The administration is suing to block JetBlue’s proposed $3.8 billion acquisition of Spirit Airlines. The Justice Department is fresh off victory in a previous lawsuit that killed a partnership between JetBlue and American Airlines. If it swallows Spirit, JetBlue will leapfrog Alaska Airlines but still control less than 10% of the U.S. air-travel market. The Justice Department argues, however, that Spirit is the disruptive force that needs to be protected.

Persons: Biden, Obama Organizations: JetBlue Airways, Department, Spirit Airlines, JetBlue, Justice Department, American Airlines, U.S, Alaska Airlines, New, Big, Spirit, The, US Airways, JetBlue Airways Corp Locations: Boston, U.S, United, Delta, New York, Miramar , Florida, New York City, Fort Lauderdale , Florida, Continental

☆ Spirit Airlines suspends training for new pilots after difficult quarter, Pratt engine issue
▼ + stars: | 2023-10-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

"With these recent developments, however, we will also be suspending all new-hire training efforts starting in November, until further notice." The carrier said it expects 13 grounded planes in January, rising to 41 in December of next year. The airline had a fleet of 202 Airbus planes as of Sept. 30, according to a filing. The budget airline Spirit on Thursday posted a net loss of $157.6 million, which was more than four times its loss a year ago. "And, unfortunately, we have not seen the anticipated return to a normal demand and pricing environment for the peak holiday periods."

Persons: Greg Christopher, Christopher, RTX, Ted Christie Organizations: Airbus, CNBC, Pratt, Whitney Locations: Miramar , Florida

Spirit Airlines canceled about 100 flights on Friday after pulling some planes out of service for inspections, and the airline expects the disruptions to last several days. “We’ve cancelled a portion of our scheduled flights to perform a necessary inspection of a small section of 25 of our aircraft,” Spirit said in a statement. About half of the Spirit cancellations were at Florida’s Orlando International Airport, where Spirit is the second-largest carrier. Spirit, which is based in Miramar, Florida, has canceled more than 3,600 flights this year, or 1.5% of its schedule. That is lower than the 2% cancellation rate at Frontier Airlines, a similar budget carrier, and rates for JetBlue Airways and United Airlines.

Persons: “ We’ve Organizations: Spirit Airlines, Federal Aviation Administration, ”, FAA, European, Airbus, Florida’s Orlando International Airport, Frontier Airlines, JetBlue Airways, United Airlines Locations: U.S, Miramar , Florida

FORT LAUDERDALE, Fla. (AP) — Florida prosecutors have charged rapper YNW Melly with witness tampering ahead of his retrial on double murder charges even as his attorneys accused them of conspiring to hide evidence that the lead detective may have lied in a related investigation. Prosecutors charged Melly this week with making sure a key witness didn't testify at his first murder trial, which ended in July with a hung jury that voted 9-3 for conviction. Jury selection in the retrial of the 24-year-old rapper is set to start next week with opening statements anticipated in early November. Boutros said Moretti told Gorel that if anyone asked, “You need to say you were here when I served the search warrant.” She said Gorel didn't reply. She said Moretti told investigators he was joking — something she said wasn't true.

Persons: YNW, Prosecutors, James Benjamin, Daniel Aaronson, Harold Pryor “, Pryor, Kristine Bradley, John Murphy, Christopher “ YNW Juvy ” Thomas, Anthony “ YNW, ” Williams, Thomas, Williams, Bortlen ” Henry, ”, Benjamin, Aaronson, Bradley, Mark Moretti, Moretti, Michelle Boutros, Boutros, Melly's, Jamie King, King, Adam Gorel, Gorel, Moretti's Organizations: Prosecutors, Bloods, Associated Press, Broward, “ Young, Miramar Police Department, Miramar Police Locations: FORT LAUDERDALE, Fla, Florida, Broward County

☆ Analysis: US healthcare stocks roiled by investor tug of war over economy
▼ + stars: | 2023-09-05 | by ( David Randall | ) www.reuters.com time to read: +5 min

Many view healthcare as a defensive sector because it has constant demand and is somewhat insulated from the economy. In the latest week, investors pulled a net $1.4 billion from the sector, the biggest weekly outflow since May 2022. Overall, the healthcare sector - which ranges from health insurers like UnitedHealth to pharmaceutical companies like Pfizer to small biotechs - has received the third largest inflows of any sector year to date, BofA's data showed. This would weaken the case for loading up on healthcare stocks. Overall, healthcare sector earnings are expected to lag this year as COVID-related revenues decline 13% versus a 1.8% rise for the overall S&P 500.

Persons: Brendan McDermid, Bob Kalman, Emily Roland, Dan Lyons, Janus Henderson, you've, Lyons, Kalman, Joe Biden's, Margie Patel, Patel, David Randall, Ira Iosebashvili, Megan Davies, David Gregorio, Richard Chang Organizations: New York Stock Exchange, REUTERS, Atlanta Federal, BofA Global Research, Pfizer, Miramar Capital, Healthcare, John Hancock Investment Management, Janus Henderson Investors, U.S, Bristol Myers Squibb, Allspring Global Investments, Thomson Locations: New York City, U.S

Jul 24, 2023; Ft. Lauderdale, FL, USA; Inter Miami CF forward Lionel Messi (10) runs on the field during practice at Florida Blue Training Center. Mandatory Credit: Sam Navarro-USA TODAY Sports/File photo Acquire Licensing RightsLOS ANGELES, Sept 1 (Reuters) - Inter Miami have changed their plans and will no longer stay this weekend at a Santa Monica hotel where workers recently went on strike, a union source told Reuters on Friday. A Fairmont Miramar spokesperson declined to comment. An MLS spokesperson said the league does not monitor which hotels teams stay at when travelling. The MLS Players Association and Inter Miami did not immediately respond to a request for comment.

Persons: Lionel Messi, Sam Navarro, Maria Hernandez, Messi, Rory Carroll, Frank Pingue, Steve Keating, Ken Ferris Organizations: Inter Miami CF, Florida Blue Training, USA, Inter Miami, LAFC, Fairmont Miramar, MLS, MLS Players Association, Thomson Locations: Ft . Lauderdale , FL, USA, Santa Monica, Miramar, Los Angeles, Toronto, New York

LOS ANGELES, Aug 31 (Reuters) - Striking workers at a Los Angeles hotel have appealed to Inter Miami and their captain Lionel Messi to stay away from their establishment when the team arrive for a match against LAFC on Sunday. "We have learned that Inter Miami and the great Lionel Messi are coming to Los Angeles this week for a match against LAFC on Sunday," Unite Here Local 11 said in a statement. "As housekeepers, cooks, bellmen and servers, we ask Lionel Messi and his team mates to stand in solidarity with us and stay out of the Fairmont Miramar." Inter Miami did not respond to a request for comment. Reporting by Rory Carroll in Los Angeles, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Lionel Messi, Argentine, Rory Carroll, Ed Osmond Organizations: Inter Miami, LAFC, Sunday, Employees, Santa Monica, Argentine Messi, Major League Soccer, Thomson Locations: Los Angeles, Miramar, Santa

☆ Best of both worlds: 20 high dividend-paying stocks that Wall Street analysts expect to also beat the market, according to TipRanks
▼ + stars: | 2023-08-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

TipRanks compiled buy-rated stocks with high dividend yields, including Ford and Mercedes-Benz. One way to profit in the stock market is by betting on a company's ability to grow its share price over time. One way to find these names is by reviewing Wall Street analyst ratings on stocks and comparing them to their dividend yields. Also, because dividend yields are calculated as the annual dividend per share divided by share price, a stock's dividend yield may be high because its price is in decline. The dividend yields are sourced from Nasdaq, while the ratings are compiled by TipRanks, a financial data firm that aggregates and analyzes stock-market data.

Persons: TipRanks, Max Wasserman, Wasserman Organizations: Ford, Benz, Miramar Capital, Nasdaq

☆ 30 dividend-paying stocks in solid sectors with upside outside the AI hype, according to a 30-year fund manager
▼ + stars: | 2023-08-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Similar companies within the healthcare sector in his portfolio include Abbott Laboratories (ABT), which pays out a 1.95% dividend yield. Additionally, it offers a 2.35% dividend yield. Within the defense sector, he also likes Lockheed Martin (LMT), which pays a dividend yield of 2.64%. It pays out a 2.19% dividend yield plus a profit and losses payout at the end of the year. It has a 2.85% dividend yield and has increased its payout by about 8 to 10% a year, he said.

Persons: Max Wasserman, He's, Wasserman, overvalued, That's, Johnson, There's, Lockheed Martin Organizations: Miramar Capital LLC, Nasdaq, Broadcom, Microsoft, Company, NAPA Auto, Parts, Abbott Laboratories, Merck & Co, Dynamics, Group, PepsiCo Locations: Northbrook , Illinois, NAPA

CNN —A US military F/A-18 Hornet fighter jet crashed late Thursday near San Diego, according to a statement from Marine Corps Air Station Miramar. Search and rescue operations are ongoing, the Marines said Friday in a statement. The crash site is on US government property in the vicinity of Marine Corps Air Station Miramar, “and there are no indications of damage to property on the ground,” the Marines said. An investigation into the crash has begun, according to the Marines. The F/A-18 Hornet is the nation’s first all-weather fighter and attack aircraft, and is considered “the workhorse of Marine Corps tactical aviation,” according to Naval Air Systems Command.

Organizations: CNN, Marine Corps Air Station Miramar, Marines, Marine Corps, Naval Air Systems Command Locations: San Diego, “

A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau/File Photo Acquire Licensing RightsCompanies Spirit Airlines Inc FollowNEW YORK, Aug 24 (Reuters) - Spirit Airlines Inc (SAVE.N) has agreed to pay up to $8.25 million to settle a class action lawsuit by passengers who said the low-cost carrier blindsided them with surprise carry-on bag fees on tickets bought through third-party travel services. Like other low-cost airlines, Miramar, Florida-based Spirit relies on added fees to help make up for lower base fares. Plaintiffs in the 2017 lawsuit accused the carrier of advertising misleading low prices on travel websites that concealed the "gotcha" bag fees travelers would have to pay at the airport. The plaintiffs originally sought $100 million in punitive damages, though that was dropped from a later version of the lawsuit.

Persons: Regis, Brendan Pierson, Alexia Garamfalvi, Jonathan Oatis Organizations: Spirit Airlines, Airbus, REUTERS, Spirit Airlines Inc, Lawyers, Thomson Locations: Colomiers, Toulouse, France, Brooklyn, Expedia, Miramar , Florida, New York

☆ Forget overpriced mega-cap tech: Goldman Sachs identities 50 stocks across 15 industries set to be the true long-term beneficiaries of AI adoption from increased labor productivity
▼ + stars: | 2023-08-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Concentrated gains from immediate AI beneficiaries may be overpriced. These 50 stocks have been identified by Goldman Sachs are the longterm winners of AI adoption. So far this year, AI beneficiaries, mainly the mega-cap tech stocks, have contributed to much of the S&P 500's gains. But the sharp price rallies from a handful of technology stocks is making some fund managers uneasy. Goldman Sachs' note refers to this strategy as "The AI trade after the trade".

Persons: Goldman Sachs, Max Wasserman, Ryan Hammond, Goldman Sachs Jonathan Curtis, Hammond, Russell Organizations: Nasdaq, Miramar Capital, Companies, Nvidia, Microsoft, Franklin Equity Group, Curtis, Goldman, Russell

☆ I'm one of only 26 Black women astrophysicists in America. Acting helped me overcome the stereotypes I felt as a woman of color in STEM.
▼ + stars: | 2023-08-11 | by ( Yoonji Han | ) www.businessinsider.com time to read: +8 min

She's long grappled with her two loves, acting and astronomy, spending 11 years acting before getting her Ph. Shields said her acting experience helped her break free of the stereotypes she faced as a woman of color in science. D. program in astrophysics. D. program. D. program.

Persons: Aomawa Shields, Shields, astrobiologist, Kelly McGillis, Charlotte Blackwood, I'd, didn't, I've, Spitzer, — Organizations: Service, UC Irvine, Blue Angels, Miramar Air Force Base, Diego's La Jolla Playhouse, MIT, Lowell Observatory, Madison, PBS, University of Washington Locations: America, Wall, Silicon, San Diego, Shields, Miramar, Diego's, . Wisconsin, Los Angeles, grad

☆ Striking hotel workers file complaint over alleged violence on picket line
▼ + stars: | 2023-08-09 | by ( Cheri Mossburg | ) edition.cnn.com time to read: +1 min

Los Angeles CNN —Striking hotel workers in Southern California filed a complaint on Monday with the National Labor Relations Board alleging that the hotels were “committing and/or condoning violence” after a fight on the picket line, their union announced. Video shared by Unite Here 11 – a union representing dishwashers, room attendants, bellhops and others – shows a disturbance on a picket line outside a Santa Monica hotel on Saturday. The video shows people in suits scuffling with picketers, but it’s unclear who the people in suits are or what happened before the video started. But Pete Hillan, a spokesperson for the California Hotel and Lodging Association, said that the workers are engaging in “increasingly aggressive actions” while on the picket lines, and accused union representatives of kicking over safety barriers. Since declaring a strike in early July, hotel workers have been demonstrating periodically outside many different Southern California hotels amid demands of increased wages and better benefits.

Persons: bellhops, ”, Pete Hillan, ” Hillan Organizations: Los Angeles CNN —, National Labor Relations Board, Santa Monica Police Department, CNN, ” CNN, California, Lodging Association, “ Locations: Southern California, dishwashers, Santa Monica, Fairmont Miramar

☆ Taylor Swift urged to postpone LA shows amid hotel strike
▼ + stars: | 2023-08-03 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —“Swifties” heading to Los Angeles to see Taylor Swift concerts this week may find a large number of staff at their hotels on strike when they get there. Some California politicians wrote to Swift this week urging her to cancel her shows in LA, which run from Thursday through August 9. The politicians said Swift’s shows would be money makers for the hotels they are battling. Irfan Khan/Los Angeles Times/Getty ImagesThe open letter addressed to Swift said, “We are writing in support of the hotel housekeepers across Los Angeles. “In Los Angeles, hotels are doubling and tripling what they charge because you are coming… but many workers cannot afford to live close to where they work.

Persons: Taylor Swift, Swift, Gov, Eleni Kounalakis, JW, Beverly Hilton, Seasons Regent Beverly Wilshire, Irfan Khan, “, – CNN’s Chris Isidore Organizations: New, New York CNN, SoFi, Westin LAX, Democrat, CNN, Ritz, Carlton, JW Marriott LA, Anaheim Hilton, Seasons Regent, Hyatt Regency LAX, Los Angeles Times Locations: New York, Los Angeles, LAX, California, LA, Southern California, Orange, Fairmont Miramar, Anaheim, Los Angeles , CA

☆ Wall St Week Ahead Hopes of 'Goldilocks' economy, rate peak buoy US stocks
▼ + stars: | 2023-07-28 | by ( David Randall | ) www.reuters.com time to read: +5 min

The S&P 500 is up nearly 19% this year after gaining around 1% in the past week. At the same time, investors believe the Fed is unlikely to deliver much more of the monetary policy tightening that shook markets last year. A test of the economy comes next week, when the U.S. reports employment numbers for July. The tech-heavy Nasdaq 100 is up nearly 44% year-to-date, while the S&P 500 information technology sector has gained nearly 46%. The S&P 500 tech sector now trades at 28.2 times forward earnings, from 19.6 at the start of the year.

Persons: Brendan McDermid, Jerome Powell, Bob Kalman, Torsten Slok, Burns McKinney, Randy Frederick, wouldn't, David Randall, Ira Iosebashvili, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Federal, Miramar Capital, Apollo Global Management, Meta, Roku Inc, NJF Investment Group, Apple, Microsoft, Schwab Center, Financial Research, Thomson Locations: New York, U.S, Miramar

☆ Wall St Week Ahead As earnings loom, investors weigh recession resilience
▼ + stars: | 2023-07-07 | by ( David Randall | ) www.reuters.com time to read: +5 min

The financials sector is down 2%, while energy is nearly 9% lower. These unloved sectors are growing attractive to investors increasingly torn over whether a long-feared U.S. recession will ever materialize. Quincy Krosby, chief global strategist for LPL Financial noted a "tug of war" in the market over the likelihood of a recession. The healthcare sector trades at a forward price-to-earnings ratio of 17.6, well below the 20.1 ratio of the broad S&P 500. Yet a continued rally in megacaps will likely stretch their valuations further, prompting some investors to rotate toward healthcare and financials, LPL Financial's Krosby said.

Persons: Goldman Sachs, Quincy Krosby, Sameer Samana, Max Wasserman, Financials, Tom Ognar, Morgan Stanley, John Quealy, Financial's Krosby, David Randall, Megan Davies, Michelle Price, Richard Chang Organizations: YORK, Global, BofA, Commerce Department, LPL Financial, Reserve, Wells, Wells Fargo Investment Institute, FINANCIALS, Miramar Capital, Abbott Laboratories, Allspring Global Investments, LPL Financial Holdings Inc, Trillium Asset Management, Russell, Thomson Locations: U.S, BlackRock, Wells Fargo, megacaps

☆ Sha’Carri Richardson runs the fastest women’s 100m time of the year
▼ + stars: | 2023-07-07 | by ( Ben Morse | ) edition.cnn.com time to read: +1 min

CNN —Sha’Carri Richardson ran the fastest women’s 100m time of the year on Thursday at the US Championships in Eugene, Oregon. The 23-year-old finished the opening heat with a world-leading time of 10.71 seconds as she boosted her chances of qualifying for next month’s World Championships in Budapest. Her strong performance Thursday, finishing 0.25 secs ahead of second-placed Brittany Brown, qualifies her for Friday’s semifinals. Elsewhere, Christian Coleman put in a strong performance in the men’s 100m, running 9.95 seconds in his heat. The 2019 world champion, who missed the 2020 Tokyo Olympics after breaching a “whereabouts failure” rule, clocked the fastest time overall in the men’s 100m at the championships.

Persons: CNN — Sha’Carri Richardson, Richardson, Brittany Brown, Marie, Josee, Lou, Christian Coleman Organizations: CNN, Miramar, Friday’s, Oslo Diamond League, Tokyo Olympic Games Locations: Eugene , Oregon, Budapest, Ivory Coast

☆ Your Room Is Ready. Don’t Mind the Picket Line.
▼ + stars: | 2023-07-04 | by ( Jill Cowan | Seth Gilbert | ) www.nytimes.com time to read: +1 min

Oscar Orellana, 30, paused in the shade of the InterContinental and waved back at one of the drivers who honked while passing by. For six years, Mr. Orellana has worked in the housekeeping department at the hotel, where he ensures that linens are stocked on each floor. His parents, too, long worked in hotel housekeeping; his father was picketing at a nearby Ritz-Carlton, he said. “I used to see my parents, and they loved their job, which made me want to go into the hotel world, and I love my job,” he said. They also felt caught in an awkward social position during a time when they just wanted to relax.

Persons: Oscar Orellana, Orellana, “, ”, they’re, John Smith Organizations: InterContinental, Ritz, Carlton Locations: Long Beach, Santa Monica, San Bernardino

LOS ANGELES, July 2 (Reuters) - Thousands of Los Angeles-area hotel workers went on strike on Sunday demanding pay hikes and improved benefits in a region where high housing costs make it difficult for low-wage earners to live close to where they hold jobs, union officials said. Unite Here Local 11, which represents 15,000 workers at more than 60 major hotels in Los Angeles and Orange counties, declared the strike a day after the workers' contract expired. [1/4]People protest in front of Hotel Indigo as unionized hotel workers in Los Angeles and Orange County go on strike, in Los Angeles, California, U.S. July 2, 2023. Los Angeles has been a flashpoint for labor strife on several fronts this year, including the protracted writers strike and a three-day walkout in March by education support staff for the Los Angeles Unified School District. Reporting by Steve Gorman in Los Angeles and Gabriella Borter in New York; Editing by Mary Milliken and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Kurt Petersen, Maria Hernandez, David Swanson, Hernandez, Steve Gorman, Gabriella Borter, Mary Milliken, Josie Kao Organizations: Southern, Hollywood, InterContinental, Hotel, Millennium Biltmore, JW Marriott, Fairmont, Sheraton Universal, Universal, REUTERS, Westin Bonaventure Hotel, Coordinated, Westin Bonaventure, Los Angeles City News Service, Los Angeles Unified School District, Thomson Locations: ANGELES, Los Angeles, Orange, Fairmont Miramar, Santa Monica, Universal City, Laguna Cliffs, Dana Point, Indigo, Orange County, Los Angeles , California, U.S, L.A, Beverly Hills, Long Beach, West, New York

☆ Workers at major hotels in Southern California set to strike over holiday weekend
▼ + stars: | 2023-06-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —A union representing 15,000 workers at 65 major hotels in Los Angeles and Orange counties are set to go on strike early Saturday in a push for significantly improved wages. In 2023, hotel profits in Los Angeles and Orange County exceeded pre-pandemic levels according to Unite Here Local 11, the union representing the workers. But the union said hospitality workers continue to struggle to afford a place to live in the cities where they work. Hotel workers priced out of LA“Hotel workers who work in the booming Los Angeles’ tourism industry must be able to live in Los Angeles,” said union Co-President Kurt Petersen. “Workers are ready to strike until they get what they are asking for,” said union spokesperson Maria Hernandez.

Persons: JW, Beverly Hilton, Seasons Regent Beverly Wilshire, ”, Kurt Petersen, Maria Hernandez Organizations: New, New York CNN, Ritz, Carlton, JW Marriott LA, Anaheim Hilton, Seasons Regent, LA “, Westin Bonaventure, Coordinated, Management, City, “ Workers, Screen, American Federation of Television, Radio Artists, Los Angeles Locations: New York, Los Angeles, Orange, Fairmont Miramar, Anaheim, LA, Angeles, City and County, Orange County, Southern California

☆ Wall Street Week Ahead: Investors rethink recession plays, boosting U.S. stock market laggards
▼ + stars: | 2023-06-09 | by ( David Randall | ) www.reuters.com time to read: +5 min

"There's reason to believe that the pessimism we saw at the start of the year is giving way to a stronger-than-expected market." Murray has increased his allocation to small-cap stocks, which tend to be among the most direct beneficiaries of economic growth. Other rebounding segments in June include the S&P 500 energy sector, which has gained 6% this month and S&P 500 industrials, up 5.7%. Ten of the 11 S&P 500 sectors are firmer for the month to date, compared to only six for the year. Stronger-than-expected jobs growth and robust consumer spending have been among the data points that have bolstered investors' economic outlook.

Persons: Tim Murray, T Rowe Price's, Murray, Russell, Dow, Howard Silverblatt, Goldman Sachs, Saira Malik, Max Wasserman, David Randall, Saqib Iqbal Ahmed, Lewis Krauskopf, Ira Iosebashvili, Richard Chang Organizations: YORK, Energy, Reuters, Apple Inc, Microsoft Corp, Inc, Amazon.com Inc, Nvidia Corp, Tesla Inc, Dow Jones, Capital Economics, Miramar Capital, Starbucks Corp, Target Corp, Thomson Locations: U.S

☆ Woman arrested after reportedly throwing drink at Matt Gaetz, with the Florida congressman insisting on pressing charges
▼ + stars: | 2023-05-03 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A woman intentionally threw a drink at Rep. Matt Gaetz during an event on Saturday, police said. Gaetz decided to press ahead with criminal charges against the woman. A previous case of a drink being thrown at Gaetz resulted in a woman serving 15 days in prison. A woman with Chambers told police that she was actually the one who cursed at Gaetz as they walked past, according to the Pensacola News Journal. This is the second time Gaetz has had a drink thrown at him resulting in criminal charges, with the first incident leading to a prison sentence.

☆ Drag queens and the long, vibrant history of drag in the US
▼ + stars: | 2023-04-29 | by ( Scottie Andrew | ) edition.cnn.com time to read: +15 min

Barbara Alper/Getty ImagesDrag has become increasingly visible in recent years through mainstream shows like “RuPaul’s Drag Race” and popular public events such as drag brunches, drag bingo and drag queen story hours, in which drag performers read children’s books to young audiences, often at libraries. Some trans drag queens who received hormone injections were “strongly deplored by stage impersonators who (said) that the whole point of female impersonation depends on maleness,” Newton wrote. But “Drag Race” has also skewed viewers’ definition of drag – no drag kings have ever competed on the series, Testa noted, and the judges have long imposed somewhat traditional beauty standards upon contestants. Pickle reads from a book during the Drag Queen Story Hour program at a Los Angeles library in 2019. These lawmakers falsely claim that drag performers “groom” or sexualize children, of which there is also no evidence.

☆ Wall St Week Ahead- Tech earnings to test markets' 'most crowded' trade
▼ + stars: | 2023-04-21 | by ( David Randall | ) www.reuters.com time to read: +4 min

NEW YORK, April 21 (Reuters) - A blistering rally in megacap growth and technology shares has buoyed markets this year, and earnings reports in coming weeks could help investors determine if those gains are justified. Technology earnings are seen falling 14.4%. Earnings will show "whether this is really a safe haven if you are worried about recession." Still, gains could fizzle if the Fed does not cut interest rates this year, as widely expected. Growth stocks are especially vulnerable to high borrowing costs, which threaten to erode the value of their longer-term cash flows.

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