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Search resuls for: "Richard Drew"


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☆ Trump's political ascent was fueled by Southern Republicans. Now they're his main 2024 opponents
  + stars: | 2023-01-28 | by ( John L. Dorman | ) www.businessinsider.com   time to read: +10 min
REUTERS/Randall HillIn the pivotal 2016 South Carolina primary, Trump won the contest — beating Bush, Rubio, and Cruz in their own Southern backyard. AP Photo/Richard Drew, FileTrump is no longer a Washington outsiderIn 2016, Trump was a novelty to many Republican voters. And in recent months, DeSantis has increasingly eclipsed Trump as the top presidential choice among GOP primary voters. Haley and Scott could potentially be competitors to win the 2024 GOP presidential nomination. By the time the Florida GOP primary was held, Jeb Bush had already suspended his campaign, humbled by his fourth-place showing in South Carolina.
☆ Wall Street is feeling bearish, but a rare stock market pattern is hinting at a bull rally to kick off 2023.
  + stars: | 2023-01-18 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. There is little optimism for stocks among Wall Street's foot soldiers, according to the latest fund manager survey from Bank of America. As BofA pointed out, that means the so-called "pain trade" in the stock market is higher, and any sudden rally would catch investors off-guard. But Wall Street survey be damned, stocks seem to be on the brink of a rare, bullish trifecta. The surge has pushed the world's most largest crypto token to levels not seen since before the fall of FTX.
☆ Everything you need to know about the M&A market for 2023
  + stars: | 2023-01-10 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
After a long, cold dealmaking season, insiders are hoping to the market begin to thaw this year. So Insider's Carter Johnson spoke to six M&A bankers about what to expect this year. And while it's true sellers could always try and wait out the market, there's no gurantee of when things can get better. Click here to read more about what to keep an eye out for in the M&A market this year. This is what we know about the man some once considered to be a potential successor to CEO James Gorman.
☆ A stock market crash and a Great-Depression-style economy are among the boldest forecasts for 2023.
  + stars: | 2023-01-03 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Now it's full speed ahead into 2023 — and the first Opening Bell newsletter of the year is a doozy. Over the last 12 months, volatility defined global markets. Some of the worst-performing tokens plummeted more than 90%, and one North Korean cyberattack resulted in a $625 million theft. Here is your complete guide to navigating the stock market. Oil (WTI) price on Jan. 3, 2023 Markets Insider10.
☆ These Latinos passed away in 2022. They leave a lasting legacy.
  + stars: | 2022-12-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Raul-Reyes.Png | Raul A. Reyes | ) www.nbcnews.com   time to read: +16 min
Several Latinos whose lives and work left a profound imprint on American institutions — from arts and entertainment to legal and civil rights — passed away in 2022. Cavazos began his education in a two-room schoolhouse on the King Ranch in Texas, where his father was a foreman. President Reagan named Cavazos Secretary of Education in 1988, making him the first Hispanic ever to serve in the U.S. Together, “Luis” and Maria” showed young audiences that Latinos were people who worked, fell in love and were part of their community. Her goals were to give Latinos a presence in the dance world, and to instill pride in Hispanic culture.
☆ 9 tech companies that have ditched San Francisco offices in 2022 are a warning sign for cities to rethink their reliance on big firms
  + stars: | 2022-12-28 | by ( Robert Davis | ) www.businessinsider.com   time to read: +6 min
San Francisco should be a cautionary tale for cities that rely on tech firms to fill office space. At least nine companies have exited office space in the city, . Salesforce CEO Marc Benioff told Bloomberg that San Francisco needed "more diversity" in its economic and tax base, as well as more residential homes and cultural attractions downtown. Meta is planning to leave some of its office space in San Francisco. PayPal left its office in San Francisco this summer.
☆ There's at least one big name investor who won't be fighting the Fed next year.
  + stars: | 2022-12-23 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
As if this year didn't bring us enough bad news in the market, there's a steady chance 2023 brings more of the same. But Saint Nick's absence isn't the elephant in the room for markets — it's the Fed. Billionaire hedge fund manager David Tepper said he's "leaning short" on the stock market as the calendar changes. In a bid to squash decades-high inflation, this year the Fed has embarked on a historic interest rate-hiking campaign. "What the forwards in the Fed Funds futures are telling us is that it's increasing the probability that there's going to be a recession at some point," Caron said in a Bloomberg interview.
☆ Jamie Dimon sounds off on the economy, Fed, and crypto
  + stars: | 2022-12-07 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
There are few top executives who draw as much attention and speak as freely as Jamie Dimon, the CEO of JPMorgan. "Inflation is eroding everything…and that $1.5 trillion will run out sometime mid-year next year," Dimon said. Never one to mince words, Dimon then blasted the cryptocurrency sector when asked what he thought of the FTX collapse. Meanwhile, days after the EU's $60 per barrel price cap kicked in, oil prices slumped to levels not seen since before the invasion of Ukraine. There's been much debate about how the measure will alter oil prices moving forward — but PIMCO commodities strategist Greg Sharenow said it's going to come down to three factors.
☆ Wall Street's top players break down why the bear market isn't over for stocks ahead of 2023.
  + stars: | 2022-12-02 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Phil Rosen here, ready to jump start your Friday with a breakdown of what some of Wall Street's top players expect for the stock market for 2023. Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. Morgan Stanley's top market strategist said the bear market isn't over yet. "This is a classic Fed pause stock market rally." "This rally will go further and will probably drag people back into thinking that this bear market is over," Wilson said.
☆ Elon Musk has waged war on Apple, claiming the tech giant "hates free speech"
  + stars: | 2022-11-29 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
From Elon Musk's war with Apple to the rise and fall of a pharmacy startup, it's a packed edition. Elon Musk is going to war with Apple. The world's wealthiest man slammed the world's biggest tech company, questioning if Apple "hates free speech" and suggesting that it's threatening Twitter's presence in the App Store. According to a book, Cook swore at Musk after he asked to be the CEO of Apple. According to career site Indeed, tech companies Intuit, Google, and Apple offer the most flexibility in terms of where and when employees are expected to work.
☆ Trump Org's new court-appointed 'watchdog,' retired judge Barbara Jones, can now inspect the company books
  + stars: | 2022-11-18 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +3 min
Retired federal judge Barbara Jones, left, is the newly-appointed special monitor for the real estate company owned by former President Donald Trump, right. Jones will monitor for what a Manhattan judge has termed persistent fraud at Donald Trump's company. The company must give her at least 30 days' notice of any plan to sell "significant" assets or restructure the company. Trump's company must pay Jones and any other professionals she reasonably finds necessary for her work. The longtime company financial executive must testify truthfully to keep his August low-jail tax-fraud plea deal.
☆ Meet Donald Trump's children with Ivana Trump, Marla Maples, and Melania Trump
  + stars: | 2022-11-09 | by ( Business Insider | Lloyd Lee | ) www.businessinsider.com   time to read: +12 min
Donald Trump has five children between two of his former wives and his current wife Melania Trump. Donald Trump Jr., Eric Trump, and Ivanka Trump are children with his first wife, Ivana Trump, who died on July 14. Getty Images/Joe CorriganNow a father of five, Donald Trump Jr. was 12 when Ivana Trump and Donald Trump Sr. divorced. In 2001, a year after he graduated from college, Donald Trump Jr. went to work for his dad for the second time. He told New York magazine that Donald Trump Jr. is like his mentor and Ivanka Trump is like his second mother.
☆ Ad prices are now cheaper than they've been all year. Here's how much marketers are paying for ads on Google, Meta, Amazon, and TikTok.
  + stars: | 2022-11-07 | by ( Lauren Johnson | ) www.businessinsider.com   time to read: +7 min
Ad prices on Meta, Amazon, and Google skyrocketed during the pandemic but are now declining. Digital ad prices are declining due to a number of factors:Advertisers are pulling back on spend on Meta and Google. Ad prices are typically low during the third quarter as marketers prepare to spend during the fourth quarter. Ad buyers usually anticipate a 15% to 20% increase in ad prices during the fourth quarter, said Vic Drabicky, founder and CEO of ad agency January Digital. As TikTok continues to build out its technology and relationships with advertisers, ad prices continue to rise.
☆ As advertisers cut spend, ads on Google, Meta, and Amazon are cheaper than they've been all year — but marketers don't expect it to last
  + stars: | 2022-11-02 | by ( Lauren Johnson | ) www.businessinsider.com   time to read: +7 min
Ad prices on Meta, Amazon, and Google skyrocketed during the pandemic but are now declining. Digital ad prices are declining due to a number of factors:Advertisers are pulling back on spend on Meta and Google. Ad prices are typically low during the third quarter as marketers prepare to spend during the fourth quarter. For ads designed to get people to take more immediate action, like Amazon's and Google's shopping and search ads, we looked at cost per click (CPC). As TikTok continues to build out its technology and relationships with advertisers, ad prices continue to rise.
☆ The bond market is in the middle of its worst decline since 1949. It's set to unravel some very popular trades, BofA says.
  + stars: | 2022-09-26 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
And below, I'm breaking down what Bank of America has to say about the worst bond market decline in over 70 years. The bond market is in the middle of a historic crash and it'll hammer stocks, according to a Friday note from Bank of America. As central banks around the world move to stem inflation, BofA analysts said bonds are experiencing their worst decline since 1949. What's your stock market outlook heading into year-end? As stocks sell off, Fundstrat's Tom Lee is sticking to his bullish year-end stock market forecast.
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