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☆ One of Wall Street's favorite ways to control workers is under attack
▼ + stars: | 2024-02-08 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

One of Wall Street's favorite employee leverage tactics — non-compete agreements — is facing a major threat, and there could be far-reaching implications for how the financial industry does business. But it's also clear that Wall Street firms are under particular attention for the practice. With major Wall Street firms already having among the most unpopular back-to-work policies in the market, "Wall Street is already in a position where they are recognizing they don't have all the hands they had before," Chamberlin said. Shore recommends Wall Street firms undertake a thorough competitive analysis at every level in every department to ensure they are market competitive. Even if the FTC rule goes through, Wall Street firms still have options to protect their business.

Persons: Charles Scharf, Wells, Brian Thomas Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Ronald O’Hanley, Robin Vince, BNY Mellon, David Solomon, Goldman Sachs, James Gorman, Morgan Stanley, General Mills, —, Wall, it's, Kathy Hochul, that's, Covid, Laurie Chamberlin, Chamberlin, Lina Khan's, Khan, It's, David Fisher, Gilbert, Fisher, Juan A, Crowell, Arteaga, Paul Webster, Matt Shore, Kareem Bakr, Webster, Leslie John, Ballard Spahr, John Organizations: Company, Bank of America, JPMorgan, Citigroup, BNY, Google, Apple, Pfizer, Exxon Mobil, General Electric, Procter, Gamble, Nike, Economic, Institute, Federal Trade Commission, North America, American College of Emergency Physicians, Davis, FTC, Supreme, Industry, Moring, Wall, Phaidon International, Wall Street Locations: Wells Fargo, Hart, Washington ,, New York, . California, U.S, Gilbert . Massachusetts, Oregon, Washington, Massachusetts

☆ Wednesday analyst calls: JPMorgan downgrades New York Community Bancorp, Eli Lilly gets big boost
▼ + stars: | 2024-02-07 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

Troubled regional bank New York Community Bank faced a downgrade from JPMorgan, which said NYCB is facing a multitude of challenges. The firm upped its price target for the drug maker to $850, all the way from $200. Wells Fargo : Analyst Zachary Fadem kept his overweight rating and raised his target price by $200 to $2,800, implying 12.5% upside for shares. "After speaking to management, we confirmed these two executives had indeed left the company, wrote JPMorgan analyst Steven Alexopoulos. NXP's stock price is down 2.9% for the year, but still higher than 15% over the past 12 months.

Persons: Eli Lilly, Eric Gonzalez, Gonzalez, Wells, Zachary Fadem, Sara Senatore, Chipotle, — Pia Singh, JPMorgan downgrades, Steven Alexopoulos, Alexopoulos, John Melloy, Vivek Arya, Arya, Robyn Karnauskas, Karnauskas, Zepbound Organizations: CNBC, New York Community Bank, JPMorgan, Pharma, Truist Securities, Semiconductors, Bank of America, KeyBanc, Barclays, New York Community Bank JPMorgan, New, Community Bank, Financial Times, Bloomberg News, New York Community Bancorp, Battery Management Systems, Food and Drug Administration Locations: Wells Fargo, Tuesday's

Hinds County Chancery Judge Crystal Wise Martin blocked the law in October 2022 after Parents for Public Schools sued the state. The nonprofit group argued the grants would give private schools a competitive advantage over public schools. “Any appropriation of public funds to be received by private schools adversely affects schools and their students,” Martin wrote. Tate Reeves created a grant program to help private schools pay for water, broadband and other infrastructure projects. State attorneys also wrote that the Mississippi Constitution only blocks the Legislature from sending money directly to private schools.

Persons: JACKSON, Crystal Wise Martin, ” Martin, Tate Reeves, general's, “, lopsidedly, Martin Organizations: Mississippi Supreme, Public Schools, Mississippi’s Republican, Republican Gov, Midsouth Association of Independent Schools, Public, American Civil Liberties Union of Mississippi, Mississippi Center for Justice, Democracy Forward, Mississippi Department of Finance, Administration, DFA, Mississippi Constitution, Mississippi Adequate Education Locations: Miss, Mississippi, Hinds County

(AP) — Mississippi's state auditor filed court papers Monday renewing his call for Brett Favre to repay the state for welfare money that the auditor says was improperly spent on projects backed by the retired NFL quarterback. White said in 2020 that Favre had improperly received $1.1 million in speaking fees from a nonprofit organization that spent welfare with approval from the Mississippi Department of Human Services. The money from the Temporary Assistance for Needy Families program was to go toward a volleyball arena at the University of Southern Mississippi. “Favre had no legal right to the possession or control of this $1.1 Million,” White's attorneys wrote in the court filing Monday. No criminal charges have been brought against Favre, although a former department director and other people have pleaded guilty to their part in the misspending.

Persons: JACKSON, Brett Favre, Shad, White, Favre, “ Favre, ”, Shannon Sharpe, who's, Pat McAfee, McAfee Organizations: —, NFL, Favre, Pro Football Hall of Fame, Mississippi Department of Human Services, University of Southern, Associated Press, Department of Human Services Locations: Miss, — Mississippi's, Mississippi, University of Southern Mississippi

WASHINGTON (AP) — The Biden administration is delaying consideration of new natural gas export terminals in the United States, even as gas shipments to Europe and Asia have soared since Russia’s invasion of Ukraine. A proposed LNG export terminal in Louisiana would produce about 20 times the greenhouse gas emissions of Willow, McKibben noted. “We need to have an even greater understanding of the (global energy) market need, the long-term supply and demand of energy resources and the environmental factors,'' she said. Symons called the gas project "bad for our nation, bad for our health and bad for our economy.'' "The true irony is this policy would hurt the climate and lead to increased (greenhouse gas) emissions, as it would force the world to pivot to coal'' instead of natural gas, Hynes said.

Persons: —, Biden, Joe Biden, “, MAGA, Donald Trump, Bill McKibben, it’s, McKibben, Jennifer Granholm, Granholm, Vladimir Putin, Mike Sommers, Sommers, ”, ‘ ’ Granholm, we’re, Jeremy Symons, Symons, Shaylyn Hynes, Hynes, Trump Organizations: WASHINGTON, Democratic, Energy Department, Industry, Russia, Energy, American Petroleum Institute, U.S . LNG, Environmental Protection Agency, Venture, LNG Locations: United States, Europe, Asia, Ukraine, Alaska, Paris, Louisiana, U.S, Calcasieu, Gulf, Cameron Parish, Virginia

☆ Inflation is still a mixed bag, but markets don't care. They see big Fed rate cuts ahead
▼ + stars: | 2024-01-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

December's inflation data provided just enough evidence to show that the pace of price increases is continuing to cool while also serving up a reminder that the war isn't won yet. One is that regardless of the headline numbers, the parts of inflation that don't fluctuate as much have been fairly stubborn. So-called sticky inflation, which includes things such as housing costs, auto insurance, medical care services and household furnishings, are indeed holding higher. On a one-month annualized basis, the measure also was at 4.6%, but that's up a full percentage point from the previous month. Fed policymakers also are attuned to the relationship between wages and inflation.

Persons: isn't, Disinflation, Jamie Dimon, cautioning, Krishna Guha, Goldman Sachs, Goldman, Ian Shepherdson, Dan North Organizations: Separate Labor Department, Federal Reserve, Nomura Global Economics, JPMorgan Chase, Evercore ISI, PPI, Citigroup, Commerce, Fed, Pantheon, Atlanta, Allianz Trade Locations: Red

CNN —Indonesia’s Marapi volcano has erupted for the second time in weeks, the country’s geological agency said Sunday. According to the Ministry of Energy and Mineral Resources, the 2,891-meter-high (9,500 feet) volcano began erupting at 6 a.m. local time (6 p.m.ET). The volcano in West Sumatra province erupted at least twice, the agency said according to Reuters. Reuters also reported nearby houses, vehicles and evacuation tents set up by the local disaster agency were covered in volcanic ash. Marapi's volcanic ash seen in the distance from Tanah Datar District in West Sumatra.

Persons: Adi Prima, Marapi Organizations: CNN, Ministry of Energy, Mineral Resources, Reuters, Anadolu, Getty Locations: West Sumatra, Tanah Datar District, Adi, Indonesia

PADANG, Indonesia (AP) — Indonesia's Mount Marapi erupted with white-and-gray ash plumes Sunday, stranding and injuring climbers and spreading volcanic ash over several villages. About 75 climbers started their way up the nearly 2,900-meter (9,480-foot) mountain on Saturday and became stranded. Political Cartoons View All 1277 ImagesThe eruption sent ash plumes more than 3,000 meters (9,800 feet) into the air and hot ash clouds spread several miles (kilometers). Falling ash blanketed several villages and blocked sunlight, National Disaster Management Agency spokesperson Abdul Muhari said. Authorities distributed masks and urged residents to wear eyeglasses to protect them from volcanic ash, he said.

Persons: Marapi, Ahmad Rifandi, Indonesia’s Volcanology, Hari Agustian, Abdul Muhari, Gobah Cumantiang, Niniek, Mari Yamaguchi Organizations: Hazard Mitigation, Rescue Agency, Disaster Management Agency, Associated Press Locations: PADANG, Indonesia, Marapi, Padang, West Sumatra, Rubai, Jakarta, Tokyo

☆ A group of Mississippi cops terrorized residents for more than two decades almost entirely unchecked
▼ + stars: | 2023-12-03 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +7 min

Business Insider previously sued the sheriff's department for records related to police brutality. AdvertisementA number of deputies within the Rankin County Sheriff's Department in Mississippi got away with abusing people for years, almost entirely unchecked. Loveday told The Times. A spokesperson for the Rankin County Sheriff's Department did not return a request for comment from Business Insider. Lee told Business Insider that she didn't understand the jury's decision because the evidence of the beating was "in his face."

Persons: —, Michael Jenkins, Eddie Terrell Parker, Christian Dedmon, Hunter Elward, Paloma Wu, Brett McAlpin, Rick Loveday, Rankin, McAlpin, Loveday, Sheriff Bryan Bailey, Elward, Damien Cameron, Monica Lee, Cameron's, Lee, Monica Lee Elward, Pierre Woods, Vanessa Barrett, Dris Mitchell, Woods, Bailey, Dedmon, Woods's Organizations: Mississippi, The New York Times, Business, Service, Sheriff's Department, Rankin, sheriff's Department, Mississippi Bureau, Investigation, Mississippi Today, The Times, Hinds County sheriff's, Times Locations: Rankin, Mississippi, Hinds

Al Sharpton, founder and president of the National Action Network, each placed an arm around Bettersten Wade as she stood before her son's flower-covered casket under a large cross in the sanctuary. Jackson is majority-Black, has a Black mayor and majority-Black city council and has had Black police chiefs for years, including the chief when Wade was killed. Sharpton said Monday that he had been told that the officer who struck and killed Wade was Black. The Hinds County coroner’s office said it called a number listed for Bettersten Wade but did not hear back. City officials have said the communication breakdown was an accident.

Persons: JACKSON, — Dexter Wade, Bettersten Wade, “, ” Dexter Wade, Wade, Wade’s, Ben Crump, Crump, Wade's, ” Crump, ”, Bennie Thompson, Al Sharpton, Sharpton, Jackson, Dexter, ” Sharpton, Black Organizations: Jackson Police Department, Police, Penal, Justice Department, Jackson, U.S . Rep, New Horizon International, National Action Network, NBC News Locations: Miss, Mississippi's, Jackson, Hinds, Raymond, New York, Mississippi, Black, Hinds County

(AP) — The manager of the long-troubled water system in Mississippi's capital city proposed a slight rate increase for most residents Friday alongside what he said is a first-in-the-nation proposal to reduce water rates for low-income people who get government help with grocery bills. If enacted, it would be the latest in a series of changes after infrastructure breakdowns in 2022 caused many Jackson residents to go days and weeks without safe running water. “We think this is a great opportunity to really change the dialogue around water and sewer in the city of Jackson,” Henifin said at a news conference. The proposal also marks the first rate increase since a federal judge appointed Henifin to manage Jackson's water system last November. JXN Water will start shutting off water for people who don't pay their bills sometime after Jan. 1st, Henifin said.

Persons: JACKSON, Ted Henifin, ” Henifin, Henifin, Delbert Hosemann, Jan ., Chokwe Antar Lumumba, ___ Michael Goldberg Organizations: Nutrition Assistance, SNAP, Mississippi Legislature, Gov, Jackson, Associated Press, America Statehouse News Initiative, America Locations: Miss, Jackson, Mississippi, @mikergoldberg

☆ Blackstone, Macquarie deny ASPI sale report, pledge commitment
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing RightsMILAN, Nov 17 (Reuters) - Blackstone and Macquarie on Friday dismissed as "completely false" an Italian newspaper report about possible ownership changes at Autostrade per l'Italia (ASPI), pledging their commitment as investors in the motorway operator. Following the 2022 deal, ASPI is controlled by state-lender CDP with funds Blackstone (BX.N) and Australia's Macquarie (MQG.AX). Under JPMorgan's plan ASTM would transfer its assets to ASPI whose shareholders would be CDP, Gavio group and Blackstone. In denying the report, Macquarie said it was committed to the "ongoing delivery of ASPI's multi-billion euro investment programme".

Persons: JP Morgan, Italy's, ASPI, Australia's Macquarie, Macquarie, Blackstone, Matteo Salvini, Elisa Anzolin, Giuseppe Fonte, Valentina Za Organizations: Blackstone Group, REUTERS, Blackstone, La Stampa, ASTM, Benetton, Shareholders, Reuters, Thomson Locations: New York City, U.S, Macquarie, Ardian, Milan, Rome

☆ Mississippi Gov. Tate Reeves faces challenger Brandon Presley, Democrat who ran on expanding Medicaid
▼ + stars: | 2023-11-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Tate Reeves speaks on Covid-19 testing in the Rose Garden of the White House in Washington, DC on September 28, 2020. Tate Reeves, a Republican, faces a surprisingly competitive race Tuesday as his Democratic challenger Brandon Presley champions expanding Medicaid, a position that has broad support among voters from both parties in the deeply conservative state. Presley was pressing Reeves hard heading into Tuesday night with the race having shifted from likely to lean Republican, according to the Cook Political Report. Presley focused his campaign on outreach to Black voters, the backbone of the Democratic Party in Mississippi. Presley is a commissioner for Mississippi's public utility regulator who previously served as mayor of the small town of Nettleton.

Persons: Tate Reeves, MANDEL NGAN, Brandon Presley, Presley, Reeves, Cook, Bennie Thompson, Elvis Presley Organizations: Mississippi Gov, White, Getty Images, Republican, Democratic, Black, Democratic Party, U.S . Rep Locations: Mississippi, Rose, Washington , DC, AFP, Nettleton

☆ How Democrat Brandon Presley could win the Mississippi governor's race and pull off one of the biggest political upsets of 2023
▼ + stars: | 2023-11-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

Democratic nominee Brandon Presley has made the Mississippi gubernatorial contest a real race. While most voters in Mississippi may not care for national Democrats (including some Democrats), Presley has effectively presented himself as a different kind of Democrat. Black voters made up 29% of the statewide electorate that year and Biden won their vote 94%-5% over Trump. Presley has heavily courted Black voters, which has included visits to churches and the state's Historically Black colleges and universities (HBCUs). AdvertisementAdvertisementStructural geographic disadvantages remain a lingering issue for Mississippi Democrats, but Presley has a real chance at overcoming that dynamic on Tuesday.

Persons: Brandon Presley, Presley, Tate Reeves, —, Ronnie Musgrove's, Jimmy Carter, he's, Elvis Presley, Reeves, Mason, Dixon, Brandon Bell, Donald Trump, Joe Biden, Biden, Trump, Jim Hood underperformed, Mike, Hood, Georgia Presley, Jackson, Musgrove, Democrats —, Michael Parker, Parker Organizations: Democratic, GOP, Republican Gov, Service, Magnolia Tribune, Democrats, Mississippi electorate, AP, Trump, Black, Getty, Democratic Senate, Mississippi Democrat, Mississippi State University, Gwinnett, Mississippi Gov, Mississippi, Democrat, Mississippi House, Mississippi Democrats Locations: Mississippi, Brandon , Mississippi, Nettleton, Jackson , Mississippi, . Mississippi, Georgia, Atlanta, Cobb , DeKalb, Fulton County

(AP) — Election officials in Mississippi’s most populous county had to scramble to complete required poll worker training after an early September breach involving county computers. In Hinds County, such training is typically completed by early October before a November general election, according to Election Commissioner Shirley Varnado. Mississippi has a general election Tuesday with key races such as governor and secretary of state — the state’s top election official. In 2020, Democrat Joe Biden won the county with 73% of the vote, while Republican Donald Trump received 57.5% statewide. Issues with the state’s network were resolved and access to the statewide election management system was restored, according to state election officials.

Persons: JACKSON, Shirley Varnado, Varnado, Democrat Joe Biden, Republican Donald Trump, Tony Gaylor, Gaylor, Zach Wallace, Wallace Organizations: —, Democrat, Republican Locations: Miss, Mississippi’s, Hinds County, Mississippi, Jackson, “, Varnado

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are urging federal regulators to investigate multibillion-dollar acquisitions by oil giants ExxonMobil and Chevron, saying the deals could lead to higher prices at the gas pump. “These deals are likely to harm competition, risking increased consumer prices and reduced output throughout the United States,'' the senators wrote. Chevron, Exxon and other oil companies have announced huge profits from strong energy prices and demand since Russia’s invasion of Ukraine in February 2022. Exxon reported $9.1 billion in profits in the quarter that ended Sept. 30, while Chevron reported $6.5 billion in profits. Environmental groups hailed the call for an investigation of what some called “merger mania” within the oil industry that threatens competition.

Persons: Chuck Schumer, Exxon's, Chevron’s, Minnesota Sen, Amy Klobuchar, Elizabeth Warren of Massachusetts, Bernie Sanders, Chevron, Hess, Lukas Ross, ”, ” API's Bethany Williams, Schumer Organizations: WASHINGTON, ExxonMobil, Chevron, Federal Trade Commission, Natural Resources, Hess Corp, Exxon, FTC, Resources, Big Oil, American Petroleum Institute, Senate Commerce, Science, Transportation Locations: United States, Minnesota, Sens, Vermont, Ukraine, Texas, U.S, New York

Tate Reeves and Democratic challenger Brandon Presley were set to face off Wednesday night in their only debate to cap a hard-fought campaign, six days before the Nov. 7 general election. Presley has raised $11.3 million for his campaign this year, compared with Reeves' $6.3 million, according to finance reports filed Tuesday. Presley has spent $10.8 million and still has $1.3 million, while Reeves has spent $11 million and still has $1.2 million. Presley called on Reeves to take part in five debates, including one last month at a forum sponsored by the NAACP in Gulfport. During the 2019 campaign for governor, Reeves had two debates with Democratic nominee Jim Hood.

Persons: JACKSON, Tate Reeves, Brandon Presley, Presley, Reeves, ” Reeves, he's, ” Presley, chickened, “, We’ve, Jim Hood, Hood, Elvis Presley Organizations: — Mississippi Republican Gov, Democratic, Republicans, NAACP, Jackson ABC, Mississippi Public Broadcasting, Associated Press, Mississippi Public Service Commission Locations: Miss, Mississippi, United States, Jackson, Gulfport, Columbus

(AP) — A federal judge on Monday dismissed Brett Favre’s defamation lawsuit against fellow retired NFL player Shannon Sharpe, ruling that Sharpe used constitutionally protected speech on a sports broadcast when he criticized Favre's connection to a welfare misspending case in Mississippi. Discussion of Mississippi welfare spending on “Undisputed” took place after extensive news coverage about allegations of Mississippi's largest public corruption case. Favre is not facing criminal charges, but he is among more than three dozen people or businesses the state is suing to try to recover misspent welfare money. In addition to suing Sharpe, Favre filed defamation lawsuits earlier this year against White, the auditor, and sportscaster Pat McAfee, who is a former NFL punter. Favre has repaid $1.1 million he received for speaking fees from a nonprofit group that spent TANF money with approval from the Mississippi Department of Human Services.

Persons: JACKSON, Brett Favre’s, Shannon Sharpe, Sharpe, Favre's, Keith Starrett, Favre, “, ” Favre, Skip, Shannon, ”, Shad White, Starrett, ’, ” Starrett, Michael Shemper, Pat McAfee, McAfee, White, Favre’s Organizations: —, District, Pro Football Hall of Fame, Fox Sports, Mississippi Department of Human Services, Prosecutors, University of Southern, Twitter, Associated Press, White, NFL, McAfee, Favre, of Human Services Locations: Miss, Mississippi . U.S, Mississippi, U.S, University of Southern Mississippi, alma

The state hasn't wavered as a conservative stronghold in the modern era, and its last Democratic governor was denied a second term 20 years ago. A former mayor of tiny Nettleton, Presley is wrapping up his fourth term as a state utility regulator for northern Mississippi. One of the most famous Black Mississippi residents, Oscar-winning actor Morgan Freeman, recently joined him at a campaign event. Presley has raised more campaign cash than Reeves this year, and he's attracting larger and more diverse crowds than any Democrat running for Mississippi governor in a generation. Presley says the new method of electing a governor gives him a better chance than the old one.

Persons: Brandon Presley, Tate Reeves, “ They’re, ” Presley, murmurs, “, Elvis Presley, Reeves, Presley, Bennie Thompson, Morgan Freeman, Theresa Hall, ”, we’ll, ” Reeves, Sen, Chuck Younger, “ It’s, ” Younger, it’d, Bruce Springsteen, don’t, William Barber, Barber, —, Nick Bain, Medgar Evers, Vernon Dahmer, Fannie Lou Hamer, it's, Democrat Jim Hood, Joe Biden, Mike, Republican Sen, Cindy Hyde, Smith, Thad Cochran, Jim Crow, Eric Holder, Gwendolyn Gray Organizations: Democratic, Republican, U.S . Rep, Mississippi, Tate, Liberal, Black, Democratic Party, Poor, Waffle, Trump, Mississippi Freedom Democratic Party, Democratic National Convention, Democrats, Democrat, U.S . Senate, Mississippi voters, U.S, “, Tougaloo College Locations: NATCHEZ, Miss, Mississippi, Natchez, Jackson, Issaquena County, Los Angeles, Columbus, Alabama, U.S, Gulfport, Biloxi, “, Black, Atlantic City

(AP) — After being in office for over a decade, Mississippi state Sen. Dean Kirby got challenged in the Republican primary. More than four-fifths of Mississippi's legislative candidates will have no major-party opposition in the Nov. 7 general election. And more than half of this year's winners will have faced no other Republicans or Democrats in either the primary or the general election. Though Mississippi represents an extreme example, it highlights a national decline in competition for state legislative seats. The DLCC is spending a few thousand dollars this year on several legislative races in the largely uncompetitive Republican-leaning states of Mississippi and Louisiana.

Persons: JACKSON, Sen, Dean Kirby, Kirby, Jackson, “, ” Kirby, ”, Steven Rogers, ” Rogers, Rogers, Joe Biden, Abhi Rahman, ” Rahman, Barbara Blackmon, Ed Blackmon, Bradford Blackmon, Lawrence Blackmon, . Sen, Robert Jackson’s, Reginald Jackson, Andy Berry, Berry, he's, ” Berry, ___ Lieb Organizations: Republican, Democratic, Saint Louis University, The Associated Press, Ballotpedia, State Legislatures, Republicans, Democratic Legislative, ”, Three Democratic, Senate, Bradford, Mississippi Cattlemen’s Association, Mississippi Beef Council Locations: Miss, Mississippi, Though Mississippi, In Mississippi, State, Louisiana, New Jersey, Virginia, Jackson, Jefferson City , Missouri

A Hyundai Elantra N is displayed at the Auto Shanghai show, in Shanghai, China April 18, 2023. Hyundai reported a net profit of 3.2 trillion won ($2.36 billion) for the July-September period, up from 1.3 trillion in profit a year earlier. That exceeded an estimate of 2.9 trillion won from 19 analysts compiled by LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate. Revenue rose 8.7% year-on-year to 41 trillion won. Shares of Hyundai Motor were trading down 0.2% as of 0451 GMT, versus benchmark KOSPI's (.KS11) 2.4% fall.

Persons: Aly, LSEG SmartEstimate, 1,358.3200, Heekyong Yang, Joyce Lee, Clarence Fernandez, Jamie Freed Organizations: Hyundai, Auto, REUTERS, Rights, General Motors, EV, Hyundai Motor, Thomson Locations: Auto Shanghai, Shanghai, China, Rights SEOUL, KS

☆ Can you ask someone how much they pay in rent? An ethicist, philosopher and etiquette expert weigh in
▼ + stars: | 2023-10-25 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +5 min

Depending on how well you know them, questions about those personal details can seem forward, if not downright rude. "Asking someone how much they pay for housing is a proxy for asking them how wealthy they are," she says. Asking someone how much they pay for housing is a proxy for asking them how wealthy they are. Anita Allen Professor, University of PennsylvaniaThat's why, Allen says, she would only ask if she "knew them very well." 'We are having a housing crisis nationally'A 'For Rent' sign is posted near a home on February 07, 2022 in Houston, Texas.

Persons: Anita Allen, Allen, Brandon Bell, It's, —, Don Heider, Heider, Daniel Post Senning, Emily Post's Organizations: University of Pennsylvania, Getty, U.S . Bureau, Labor, Santa Clara University, National Association of Realtors Locations: Houston , Texas, Philadelphia, New York City, York City, Oxford , Mississippi, Roseville , Michigan

An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. LGES, which supplies Tesla (TSLA.O), General Motors (GM.N) and other automakers, said revenue growth in 2024 would not be as high as the mid-30% rate forecast for this year. LGES shares dropped as much as 6.69% to the lowest level in more than 12 months, versus the benchmark KOSPI's (.KS11) 0.6% fall. The company also said it would produce cheaper lithium iron phosphate (LFP) batteries from 2026 to better respond to demand for lower-priced EVs. But it was down 6% from the June quarter due to the demand slowdown in Europe, production adjustments by automakers and lower metal prices.

Persons: Kim Hong, Lee Chang, sil, Kim Gyunghoon, Kim, Kang Dong, LGES, 1,345.0800, Heekyong Yang, Joyce Lee, Miyoung Kim, Jamie Freed Organizations: LG Energy, REUTERS, GM JV, Korean, EV, General Motors, GM, Hyundai Motor Securities, Thomson Locations: Seoul, South Korea, SEOUL, China, Europe, Poland, U.S, Ohio, ARIZONA, Arizona

(AP) — The Democrat who's trying to unseat Mississippi's Republican governor said Tuesday that the state should set a minimum wage higher than the federal standard of $7.25 an hour. Political Cartoons View All 1218 ImagesA campaign spokesperson for Reeves did not immediately respond to questions Tuesday about whether Mississippi should set a minimum wage higher than $7.25. No legislation to set a Mississippi minimum wage higher than $7.25 advanced during those 12 years. The nonpartisan organization says Mississippi is one of five states that have not set their own minimum wage. Two states have a minimum wage that's lower than the federal standard.

Persons: JACKSON, who's, Mississippi's, Brandon Presley, Presley, Tate Reeves, “, ” Presley, Reeves, he's, we’ve, ” Reeves, Barack Obama Organizations: —, Mississippi's Republican, Republican, Tougaloo College, District of Columbia, National Conference of State Legislatures Locations: Miss, U.S, Mississippi, Columbus

U.S. retail sales for last month came in much stronger than expected on Tuesday, signaling shoppers were not deterred by sticky inflation. Before the opening bell, the government reported September retail sales rose 0.7% from the prior month — more than double the estimates. Measuring year over year, the 3.8% increase in retail sales was still slightly higher than the CPI's advance of 3.7%. The retail sales data pointed to a resilient economy despite inflation still running way above the Federal Reserve's 2% target. TJX YTD mountain TJX Companies YTD Clothing and clothing accessories stores were down 0.8% month-over-month but increased 0.1% year-over-year.

Persons: Jim Cramer, We're, TJX, Jim Cramer's, Jim, Jamie Kelter Davis Organizations: Atlanta, Deal, Web Services, Food, Companies, CNBC, Shoppers, Bloomberg, Getty Locations: Maxx, Chicago

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