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☆ The high-end consumer is embracing travel this summer. These stocks will benefit, says Morgan Stanley
▼ + stars: | 2024-05-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Therefore, companies with exposure to the wealthier consumer should benefit, said a team of Morgan Stanley analysts led by Michelle Weaver. "This has changed post-Covid and we believe travel names exposed to high end consumers will continue to outperform those exposed to low end consumers." "We see a record spring and summer travel season with our 11 highest sales days in our history all occurring this calendar year," he said. Morgan Stanley continues to prefer the premium airlines. Its management has also noted its premium revenue is nearly 20% from last year and currently makes up 61% of revenue, he said.

Persons: Morgan Stanley, AlphaWise, Michelle Weaver, Ed Bastian, Ravi Shanker, Morgan, Shanker, Stephen Grambling, Hilton, Grambling, Wyndham, Jamie Rollo, Rollo, — CNBC's Leslie Josephs Organizations: Delta Air, Alaska Air, Alaska Airlines, American Airlines, Marriott, CCL, Royal, Norwegian Cruise Locations: Grambling, Royal Caribbean, Norwegian

☆ Welcome to ‘the Tepid Twenties’? The US economy’s strength won’t be enough to boost global growth
▼ + stars: | 2024-05-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Invigorating growth is critical: When the economy expands, it improves standards of living, promotes innovation and makes households wealthier. Economic growth in Spain and France was stronger than expected last year. But the US is outperforming mainly for one key reason: Robust productivity growth. Productivity growth came in well below expectations in the first three months of the year, according to Labor Department data released last week. A “course correction” isn’t an even stronger US economy: Economic policymakers around the world need to address a range of key issues.

Persons: ” Kristalina Georgieva, ” Georgieva, ” Stephen Gallagher, Gallagher, “, ”, Hande Atay Alam, Recep Tayyip Erdogan, Israel Katz, John Williams, Neel Kashkari, Lisa Cook, Krispy Kreme, John’s, Austan Goolsbee Organizations: Washington CNN, Monetary, IMF, European Central Bank, Labor Department, Societe Generale, CNN, Reuters, Palantir Technologies, Tyson Foods, Marriott Worldwide, New York Fed, Disney, UBS, Duke Energy, Suncor, Bros, Minneapolis, Toyota, Uber, Anheuser, Busch InBev, Airbnb, Fox Corporation, News Corporation, Duolingo, Icahn Enterprises, New York Times Company, AMC Entertainment, Honda, Warner Bros Discovery, Warner Music Group, Hyatt, Hilton, Bank of England, US Labor Department, United Kingdom’s, National Statistics, University of Michigan, . Chicago Fed, China’s National Bureau of Statistics Locations: Europe, China, United States, Spain, France, Russia, Ukraine, Turkey, Israel, Gaza, Olesya, “ Turkey, Lyft, TripAdvisor

☆ Renowned American artist Frank Stella dies aged 87
▼ + stars: | 2024-05-04 | by ( Kathleen Magramo | Sara Smart | ) edition.cnn.com time to read: +2 min

CNN —Frank Stella, the American artist renowned for his abstract works, died on Saturday at the age of 87, his longtime representative said in a statement. “It has been a great honor to work with Frank for this past decade,” said Marianne Boesky, who has represented Stella since 2014, in a statement. “His is a remarkable legacy, and he will be missed.”Born in 1936, Massachusetts native Stella attended Phillips Academy Andover, where he studied painting under Patrick Morgan. Stella continued to create art well into his ninth decade, with his some of his recent sculptures being displayed at the Jeffrey Deitch Gallery in New York City. One of his final pieces is still on display in Florida at the Museum of Contemporary Art Jacksonville.

Persons: Frank Stella, Stella, Harriet E, McGurk, Frank, ”, Marianne Boesky, Patrick Morgan, Stephen Greene, Willliam Seitz, Frank Stella's, Gabriel Bouys, Moby Dick ”, Jeffrey Deitch Organizations: CNN, The New York Times, Stella, Phillips Academy Andover, Princeton, Guggenheim, Getty, Museum of Modern Art, Jeffrey, Museum of Contemporary Art Locations: American, Manhattan, Massachusetts, New York City, Rome, Italy, AFP, Florida, Museum of Contemporary Art Jacksonville

☆ How the overturned Harvey Weinstein conviction could echo in Donald Trump’s hush money trial
▼ + stars: | 2024-05-02 | by ( Gloria Pazmino | ) edition.cnn.com time to read: +8 min

Some legal observers believe the Weinstein decision could prove relevant as the hush money trial against former President Donald Trump unfolds in Manhattan. Judge Juan Merchan, who is overseeing the trial and making day-by-day decisions about what evidence is allowed in court, is bound to the same guidelines as the Weinstein trial judge. Stephen Gillers, professor of law at New York University, said the Weinstein ruling will certainly be important to Merchan. Judge Madeline Singas dissented from the Weinstein appeals court ruling, saying the information was needed for the jury to consider. Gillers said the Weinstein decision is not just weighing on the judge’s mind.

Persons: Harvey Weinstein’s, Weinstein, ”, “ Sandoval ”, Donald Trump, Judge Juan Merchan, Sandoval, Douglas Wigdor, “, Trump, Stormy Daniels, It’s, Karen McDougal, Trump’s, McDougal, Daniels, Ronan Farrow, Harvey Weinstein, Merchan, Stephen Gillers, ” Gillers, Deborah Tuerkheimer, Madeline Singas, ” Singas, ‘ Sandoval ’, Weinstein judge’s Sandoval, Augustin Sandoval, Jean Carroll, Tuerkheimer, Merchan’s, he’s, ” Tuerkheimer, Arthur Aidala, Aidala, ” Aidala, “ Harvey, Gillers, –, won’t Organizations: CNN, New, Trump, Molineux, New York University, Northwestern University, ” Prosecutors, Weinstein Locations: New York, Manhattan, Weinstein’s

☆ Why Closing St. John’s Staten Island Campus Is a Big Deal - The New York Times
▼ + stars: | 2024-05-02 | by ( Stephen G. Adubato | ) www.nytimes.com time to read: +2 min

But St. John’s is hardly the only institution of higher learning to either merge campuses or close its doors as a result of low enrollment or economic challenges over the past few years. More than 91 colleges closed between 2016 and 2023, including 15 in 2023 alone; 44 percent of the schools were, like St. John’s, religiously affiliated. The Staten Island campus, created in 1971, has traditionally been home to students mainly from Brooklyn and Staten Island, the majority of whom, being commuters, appreciated being able to get a college education in the vicinity of their local communities. The campus’s culture reflects that of Staten Island, whose residents often value planting one’s roots in the neighborhood and maintaining proximity to family over making frequent moves in the name of upward mobility. “Small colleges,” Mr. Franek said, “have been outstanding at offering their students an excellent liberal arts education.

Persons: John’s, Vincent de Paul, — socioeconomically, Rob Franek, ”, Mr, Franek, “ Organizations: Vincentian Fathers, Queens, The Princeton, “ Locations: York, St, Staten, Brooklyn, Staten Island, U.S

☆ Alphabet's Verily lays off employees working in one of its science groups
▼ + stars: | 2024-03-22 | by ( Hugh Langley | ) www.businessinsider.com time to read: +2 min

Verily, the life sciences group owned by Alphabet, laid off staff this week as part of a restructuring in its molecular sciences group, Business Insider has learned. Verily spokesperson Steven Cooper confirmed the cuts in an email to BI, stating that the affected employees worked on Verily's Immune Profiler project, which studies the human immune system for improving disease management. He declined to share the exact number of employees cut, but one source familiar with the situation said 35-40 people were affected. Verily is in the process of separating from Alphabet's infrastructure, part of a project named Flywheel that BI first reported on in 2021. It has set the end of 2024 as the deadline for detachment, a person familiar with the project told BI.

Persons: Verily, Steven Cooper, Cooper, Stephen Gillett, Andy Conrad, Amy Abernethy, Stat, Myoung Cha Organizations: Business, Apple Health

☆ Justice Breyer, Off the Bench, Sounds an Alarm Over the Supreme Court’s Direction
▼ + stars: | 2024-03-18 | by ( Adam Liptak | ) www.nytimes.com time to read: 1 min

Justice Stephen G. Breyer’s Supreme Court chambers are not quite as grand as those he occupied before he retired in 2022, but they are still pretty nice. In earlier interviews, Justice Breyer could be rambling and opaque. He said he meant to sound an alarm about the direction of the Supreme Court. The court has taken a wrong turn, he said, and it is not too late to turn back. The book, “Reading the Constitution: Why I Chose Pragmatism, Not Textualism,” will be published on March 26, the day the Supreme Court hears its next major abortion case, on access to pills used to terminate pregnancies.

Persons: Stephen G, Breyer, ” Organizations: Breyer’s

Oppenheimer increased its price target on Netflix, calling for upside of nearly 20%. Bernstein, meanwhile, reiterated an outperform rating on Taiwan Semiconductor, noting that margins will fare better than the Street expects going forward. Analyst Stephen Grambling downgraded Hyatt to equal weight from overweight and lowered his price target by $7 to $149. — Pia Singh 5:44 a.m.: Bernstein sticking by Taiwan Semiconductor Taiwan Semiconductor shares are off to a strong start for the year, and Bernstein expects them to continue doing well. The firm raised its price target on them to $150 from $125, implying upside of just 2%.

Persons: Oppenheimer, Bernstein, Morgan Stanley downgrades Hyatt, Morgan Stanley, Hyatt's, Stephen Grambling, Grambling, Hyatt, FactSet, — Pia Singh, Oppenheimer Oppenheimer, Jason Helfstein, Helfstein, Wall, Mark Li, Li, TSMC, 4Q23, — Fred Imbert Organizations: CNBC, Netflix, Taiwan Semiconductor, Hyatt, Taiwan Semiconductor Taiwan Semiconductor, GM Locations: 2H24, U.S, Taiwan

Loop Capital initiated Dell Technologies with a buy rating and a price target that implies more than 35% upside. Analyst Stephen Grambling hiked his price target by $9 to $49, while keeping his rating at overweight. Salesforce has popped nearly 14% in 2024, extending gains after the stock price came close to doubling in 2023 alone. Roseka's price target of $27.10 shows the potential for just 3.6% in upside compared with Tuesday's ending price. Analyst Ananda Baruah initiated coverage of the technology stock with a buy rating and a $125 price target.

Persons: Stifel, Smucker, Raymond James, Rick Patel, Patel, — Alex Harring, Kenneth Worthington, Worthington, Alex Harring, Morgan Stanley, Stephen Grambling, DKNG's, Grambling, DraftKings, Jackpocket, Morgan, Wednesday's premarket, Goldman, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Daniel Roeska, Stellantis, Roseka, KeyBanc, Sophie Karp, CEG, Karp, Matthew Smith, Smith, Fred Imbert, Dell, Ananda Baruah, DELL, Baruah Organizations: CNBC, Dell Technologies, FactSet, Apollo Global Management, JPMorgan, APO, Grambling, Constellation Energy, Constellation, Dell, Capital, DELL Locations: Tuesday's, Wednesday's premarket, Grambling, Wednesday's, Salesforce, Netherlands, U.S, Europe

☆ Fani Willis takes the stand hellbent on setting the record straight — but legal experts are split on whether her testimony did more harm than good
▼ + stars: | 2024-02-16 | by ( Erin Snodgrass | Haven Orecchio-Egresitz | Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Citing a filing from Wade's divorce proceedings, attorneys for the defendants alleged that Wade and Willis had an improper relationship. A witness for the defense attorneys alleged Thursday that Willis and Wade's relationship began in 2019. Nathan Wade, the Georgia prosecutor who admitted to a relationship with his colleague, Fulton County DA Fani Willis, in court. Fulton County DA Fani Willis testifies at a hearing Feb. 15 in Atlanta on her relationship with Special Prosecutor Nathan Wade. Most experts were skeptical that the evidence presented Thursday would lead to Willis or Wade being dismissed from the case.

Persons: —, Fani Willis, Nathan Wade, Donald Trump, Scott McAfee, Willis, Wade, pugnacious, Mike Roman, Trump, Stephen Gillers, McCaffee, I've, It's, Gillers, Norman Eisen, Trump's, DA Willis, Eisen, Sarah Krissoff, Krissoff, Mark Bederow, wasn't, Bederow, Neama, Cash, Rahmani, Pool Willis, I'm Organizations: Service, Business, Trump, Fulton, New York University, YouTube, Willis Locations: ATLANTA , Georgia, Fulton County, Georgia, Atlanta, New York, Manhattan, California

☆ Taylor Swift will lead to more betting on the Super Bowl, with one sportsbook benefiting in particular, analyst says
▼ + stars: | 2024-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Penn Entertainment's ESPN Bet sports betting service could prove to be a winner at the Super Bowl on Sunday — helped by the Taylor Swift effect, according to Bank of America. Morgan Stanley analyst Stephen Grambling calculates Swift could lead to about a 10% rise in viewership. These include proposition, or "prop," bets that aren't tied to the final score, such as "How many times will Taylor Swift be shown on camera during the telecast of the game?" or "Will the MVP mention Taylor Swift in his speech?" ESPN Bet especially could benefit because, compared with other sports betting platforms, it "may have a higher proportion of female bettors," Kelley wrote.

Persons: —, Taylor Swift, Travis Kelce, Shaun Kelley, Morgan Stanley, Taylor, Stephen Grambling, Swift, Grambling, Kelley, Clark Hunt, CNBC's, aren't, — CNBC's Michael Bloom Organizations: Penn, ESPN Bet, Bank of America, Kansas City Chiefs, NFL, Chiefs, ESPN Locations: Las Vegas, U.S

A border security package instantly collapsed in the Senate. Congress failed in stunning fashion this week as Republicans in both the House and the Senate revolted in new and unimaginable ways against their own agenda. But it’s not a way to govern," said Republican Rep. Victoria Spartz of Indiana. Now, without naming Trump, McConnell says he will support the Republican Party's eventual nominee for president, though it's clear the two have a deteriorated relationship. First-term Republican Rep. Cory Mills of Florida acknowledged the week's setbacks were not why he came to Congress after a military career.

Persons: Mayorkas, —, it’s, Victoria Spartz, Kevin McCarthy, Mike Johnson, Mitch McConnell, Donald Trump's, Johnson, ”, Sen, Mitt Romney, “ Let’s, Romney, “ We’ve, Marjorie Taylor Greene, Hal Rogers, impeaching Mayorkas, I’m, ” Mayorkas, Al Green of, Nancy Pelosi, George Santos, Steve Scalise, They're, Katherine Clark of, McConnell, Mike Lee of, Ted Cruz, ” Lee, Chuck Schumer, Trump, “, I've, Democratic Sen, Patty Murray, Donald Trump, Cory Mills, “ We're, Mills, “ We’re, there’ll, Kevin Freking, Stephen Groves, Mary Clare Jalonick, Rebecca Santana, Ken Ritter Organizations: WASHINGTON, — Homeland, Congress, Republican Rep, Victoria, Republican House, Republican Party, Republican, GOP, Trump, Biden, Super Bowl, Republicans, Democratic, GOP Rep, Senate, Capitol, realigning, Press Locations: Ukraine, Russia, Victoria Spartz of Indiana, U.S, R, Utah, Marjorie Taylor Greene of Georgia, Mexico, Washington, Las Vegas, Al Green of Texas, New York, Katherine Clark of Massachusetts, Mike Lee of Utah, Ted Cruz of Texas, Israel, Taiwan, Florida, American

WASHINGTON (AP) — President Joe Biden has made some strong claims over the past few days about shutting down the U.S.-Mexico border as he tries to salvage a border deal in Congress that would also unlock money for Ukraine. “It’ll also give me as president, the emergency authority to shut down the border until it could get back under control. But his statement that he would shut down the border “right now” if Congress passed the proposed deal is more about politics than policy. WOULD THE BORDER REALLY SHUT DOWN UNDER THE DEAL? DOES BIDEN ALREADY HAVE AUTHORITY TO SHUT DOWN THE BORDER?

Persons: Joe Biden, Donald Trump doesn't, ” Biden, “ It’ll, I’d, Biden, hasn't, There's, aren't, DIDN'T TRUMP, Trump, “, BIDEN, Mike Johnson, Karine Jean, Pierre said, Johnson, James Lankford, we’re, He's, Stephen Groves Organizations: WASHINGTON, Ukraine, Republican, America, Biden, Senate Republicans, Trade, Republicans, U.S, House Press, House Republicans, “ Fox, Trump, Institute, Associated Press Locations: U.S, Mexico, Congress, Kyiv, Ukraine

☆ In any other case, Trump lawyer Alina Habba's antics would be grounds for malpractice, ethics lawyer says
▼ + stars: | 2024-01-24 | by ( Sonam Sheth | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewDonald Trump's lawyer made headlines last week after she violated basic courtroom rules and proper legal procedure in the E. Jean Carroll defamation trial. Alina Habba's behavior would have opened her up to potential malpractice liability in any other case, said one ethics lawyer. But Trump is unlikely to sue Habba for malpractice, he said. "Trump wants a lawyer who will fight in the court of public opinion as much as the courtroom," Neama Rahmani, the president of West Coast Trial Lawyers, told Business Insider. "There aren't a lot of good trial lawyers who want to jump on that grenade."

Persons: —, Donald Trump's, Jean Carroll, Lewis Kaplan, Habba, dinging, Alina Habba's, Trump, Stephen Gillers, Gillers, wouldn't, they'll, Kris Franklin, Mary, Carroll, Rahmani, didn't Organizations: Service, Business, NYU School of Law, West, Trial, New York Law School, New, The New York Times, Habba Locations: New York

☆ DA Fani Willis defends prosecutor she hired for Trump's Georgia election case amid allegations of an 'improper' relationship
▼ + stars: | 2024-01-14 | by ( Lloyd Lee | Associated Press | ) www.businessinsider.com time to read: +6 min

Fulton County DA Fani Willis was accused of having an "improper" relationship with a prosecutor. Willis appointed the prosecutor, Nathan Wade, to oversee the RICO case against Trump. The motion seeks to dismiss the indictment and disqualify Willis and Wade and their offices from further prosecuting the case. Willis said she hired three special prosecutors for the election case: a white man, a white woman, and a Black man. If Willis financially benefited from her relationship with Wade, that may be an ethics violation," he said.

Persons: Fani Willis, Willis, Nathan Wade, —, Sunday, Donald Trump, Martin Luther King Jr, Ashleigh Merchant, Michael Roman, Merchant, Wade, Fulton, Scott McAfee, Steve Sadow, King, she's, I'm, Pete Skandalakis, McAfee, Stephen Gillers, Trump Organizations: Fulton, Trump, Service, Big Bethel AME Church, White, New York Univerity Law School, Atlanta Locations: Fulton County, Georgia, Big Bethel, Atlanta, New York

Israel is the top recipient of U.S. military aid over time. Trying to attach strings to U.S. aid to Israel isn't unheard of, for Congress or for U.S. presidents. But when Biden told reporters on Nov. 24 he thought conditioning military aid to Israel was a “worthwhile thought,” it helped the proposal gain traction among administration-friendly Democratic senators. They say existing U.S. law already mandates that countries receiving U.S. military aid heed human rights concerns. No matter what, "we’re going to do a robust aid package for Israel," said Sen. Tim Kaine, a Virginia Democrat.

Persons: Israel, Sen, Bernie Sanders, Joe Biden’s, Benjamin Netanyahu’s, ” Sanders, Sanders, ”, that’s, —, that's, “, Gaza , Maryland Democratic Sen, Chris Van Hollen, Van Hollen, Biden, Antony Blinken, Ronald Reagan, Jake Sullivan, Tim Kaine, it’s, Gazans, Stephen Groves Organizations: WASHINGTON, Democratic, Lawmakers, White, Russia, U.S, Gaza , Maryland Democratic, Associated Press, Democrats, Hamas, haven't, Virginia Democrat Locations: Israel, Gaza, Vermont, United States, Ukraine, Gaza , Maryland, Virginia

Linking Ukraine’s military assistance to U.S. border security interjects one of the most divisive domestic political issues — immigration and border crossings — into the middle of an intensifying debate over wartime foreign policy. Failure risks delaying U.S. military aid to Kyiv and Israel, along with humanitarian assistance for Gaza, in the midst of two wars, potentially undermining America's global standing. Rather than approve Biden’s request, which includes $61 billion for Ukraine, Republicans are demanding something in return. Democrats call these essentially nonstarters, and the border security talks are going slowly. Other Republicans, led by Rep. Marjorie Taylor Greene of Georgia, a Donald Trump ally, have drawn an even deeper line against Ukraine aid.

Persons: Volodymyr Zelenskyy, Joe Biden’s, ”, Luke Coffey, Andriy Yermak, Coffey, Vladimir Putin’s, Mitch McConnell, It’s, “, Sen, Chris Murphy, Conn, Biden, Tom Cotton, McConnell, Sabrina Singh, Democratic Sen, Jack Reed, Mike Garcia of, Garcia, Mike Johnson, Marjorie Taylor Greene, Donald Trump, Lolita C, Baldor, Ellen Knickmeyer, Stephen Groves Organizations: WASHINGTON, Hudson Institute, Republican, Associated Press, NORC, for Public Affairs Research, Biden, Republicans, Democrats, Senate, The Defense Department, Defense Department, Congressional Research Service, World Bank . National, Democratic, Senate Armed Services Committee, Russia, Kyiv, Navy, Rep Locations: Washington, Russia, Ukraine, Israel, Mexico, U.S, Kyiv, Gaza, Ukrainian, United States, Kentucky, Russian, Rhode Island, ”, Mike Garcia of California, Iraq, Marjorie Taylor Greene of Georgia

☆ Hometown anxiety: when going home for the holidays gives you unwanted nerves
▼ + stars: | 2023-11-21 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

“I don’t see my family members quite often, so, you know, around the holidays is when I see everyone,” Chavez said. “It feels like all of the hard work and all of the years of going to therapy and things like that is gone. On top of making travel arrangements, packing and finding a house sitter, heading back to your hometown for the holidays also means mentally preparing to see those friends and family members you haven’t seen in a while. The youngest sibling will still get treated like the youngest sibling by their parents, no matter how old they actually are. “Remind yourself that you don’t have to stay in situations that negatively impact your mental health, and you don’t need to have conversations that you don’t want to have,” Missud said.

Persons: Gloria Chavez, hadn’t, Chavez, “, ” Chavez, ”, haven’t, Lisa Firestone, ” Firestone, that’s what’s, —, Stephen Graves, Graves, Stevie, you’ve, I’m, ” Graves, aren’t, Debbie Missud, Missud, ” Missud, Firestone, Chavez —, it’s, I’ll Organizations: CNN, Glendon Association, Loma Linda, Behavioral Medicine Center Locations: Santa Barbara , California, Redlands , California

☆ Nikola CFO Anastasiya Pasterick to resign
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

The logo of Nikola is seen on a truck, during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023. Pasterick was appointed to the role in March this year after the exit of Kim Brady, who was credited with taking Nikola public through a merger with a blank-check firm in 2020. The company expects to wrap up its search for a new CFO soon and Pasterick will assist with a transition through Dec. 1, it said. Key financial leaders will report to CEO Stephen Girsky in the interim. The news comes just months after Nikola named its fourth CEO in four years, with Girsky immediately taking over from Michael Lohscheller.

Persons: Nikola, David Swanson, NKLA.O, Anastasiya Pasterick, Pasterick, Kim Brady, Stephen Girsky, Girsky, Michael Lohscheller, Seher, Devika Organizations: Los Angeles Auto, REUTERS, Ford, Thomson Locations: Los Angeles , California, U.S, Bengaluru

☆ Nikola CFO to resign less than a year after joining
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

The logo of Nikola is seen on a truck, during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023. REUTERS/David Swanson Acquire Licensing RightsNov 17 (Reuters) - Electric-truck maker Nikola (NKLA.O) said on Friday Chief Financial Officer Anastasiya Pasterick would resign to "pursue other opportunities" less than a year after joining the loss-making company. Pasterick was appointed to the role in March this year after the exit of Kim Brady, who was credited with taking Nikola public through a merger with a blank-check firm in 2020. The company expects to wrap up its search for a new CFO soon and Pasterick will assist with a transition through Dec. 1, it said. The news comes just months after Nikola named its fourth CEO in four years, with Girsky immediately taking over from Michael Lohscheller.

SAN FRANCISCO (AP) — President Joe Biden on Thursday signed a temporary spending bill a day before a potential government shutdown, pushing a fight with congressional Republicans over the federal budget into the new year, as wartime aid for Ukraine and Israel remains stalled. Biden signed the bill in San Francisco, where he is hosting the summit of Asia-Pacific Economic Cooperation economies. The president signed the bill at the Legion of Honor Museum, where he held a dinner for APEC members. He portrayed the temporary funding bill as setting the ground for a spending “fight” with the Senate next year. The spending bill does not include the White House’s nearly $106 billion request for wartime aid for Israel and Ukraine.

Persons: Joe Biden, Biden, Mike Johnson, Johnson, Stephen Groves, Zeke Miller Organizations: FRANCISCO, Republicans, Economic Cooperation, Legion, Honor, APEC, Republican Locations: Ukraine, Israel, San Francisco, Asia, Washington

Wednesday's batch of analyst research included bullish calls on a credit card giant and a sports betting name. The firm downgraded the pharmaceutical stock to neutral from overweight and lowered its price target to $55 per share from $68. The bank downgraded the Canadian Solar to underweight from neutral in a Wednesday note and lowered its price target to $22 per share from $32. The analyst noted that the guidance given confirms his bull case for the stock, which consists of a $70 price target. The bank initiated coverage of the credit card giant with an overweight rating and a $184 per share price target — which implies more than 17% upside from Tuesday's close.

Persons: Morgan Stanley, Guggenheim, John DiFucci, there's, Brian Evans, Cantor Fitzgerald downgrades, Myers Squibb Cantor Fitzgerald, We've, Olivia Brayer, Myers Squibb, — Brian Evans, Julien Dumoulin, Smith, Wells, Omar Mejias, Mark Strouse, DraftKings, Stephen Grambling, Grambling, Fred Imbert, millennials, Z, Gen, Terry Ma Organizations: CNBC, Barclays, American Express, Guggenheim, FactSet, Myers Squibb, Bank of America, Wells Fargo, Warner Music Group, accel, JPMorgan, American Locations: Bristol, Generac, Europe, CSIQ

☆ Hwang In-tae: The South Korean referee making history officiating in the NBA
▼ + stars: | 2023-10-31 | by ( Ben Morse | Gawon Bae | ) edition.cnn.com time to read: +8 min

But Hwang In-tae, who is the first Asian staff referee in the NBA, wouldn’t have it any other way. Stephen Gosling/NBAE/Getty ImagesRoute to the topJust like unearthing a future NBA or WNBA star, there is a scouting group to find potential standout NBA referees. Hwang (right) and Shin (middle) before a game at the 2014 Incheon Asian Games with fellow FIBA referee Kim Cheong-soo (left). Courtesy Shin Gi-rokAnd Shin believes that Hwang’s rise will prove to be motivation for others in similar positions to him. “There are few new referees at the Korea Basketball Association right now saying that their goal is to become an NBA referee.

Persons: CNN — You’ve, Hwang, Shin Gi, ” Shin, Shin, ”, “, It’s, Hwang officiates, Stephen Gosling, nbaofficials.com, He’s, ” Hwang, Star Charles Barkley, ” Barkley, CNN’s Chris Wallace, They’re, Both Hwang, Kim Cheong Organizations: CNN, NBA, rok, Busan University of Foreign Studies, CNN Sport, America, Connecticut Sun, Washington Mystics, Korean Basketball League, Olympics, Summer, FIBA, International Basketball Federation, G League, G, WNBA, Washington Post, Star, “, Korean Basketball Association, Incheon, Games, Korea Basketball Association Locations: South Korea, Shin, North America, Spain, Incheon, Masan

And Republican Rep. George Santos' extensive legal troubles will make it harder for the GOP to keep that Long Island-based district in the Republican column. Some already sounded resigned to serving in the minority during the past week's ups and downs in finding a new speaker, while others voiced hopes the passage of time will make the past three weeks a distant memory. This is Republicans fighting with Republicans, bullying Republicans, even threatening each other. That left House Republicans with the choice of funding the government or shutting it down over their opposition to the healthcare law, and they chose the latter. Further turmoil will only feed into the Democratic argument that House Republicans are incapable of governing.

Persons: —, Mike Johnson, Joe Biden, George Santos, it's, I’m, ”, Max Miller, Miller, McCarthy, Nicole Malliotakis, Suzan DelBene, ” DelBene, harkened, Barack, Doug Heye, Eric Cantor, Herbert Hoover’s, Biden, Donald Trump, Don Bacon, Marc Molinaro, “, David Schweikert, ’ ”, Dusty Johnson, Stephen Groves Organizations: WASHINGTON, Republicans, Black, Republican, GOP, Republican Party, “, ”, House Democrats, Democratic, Affordable, Democrats, Capitol, Biden, Costco, White Locations: Alabama, Ohio, New York, Arizona

[1/2] U.S. Supreme Court Associate Justice Clarence Thomas poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. Durbin said the "undisclosed, forgiven" loan demonstrates the need for a binding code of conduct for the court. The documents showed that Welters forgave the loan in 2008, according to the findings. The Senate Judiciary Committee in July approved a Democratic-backed bill that would mandate a binding ethics code for the justices. Thomas and Welters did not immediately respond to requests for comment.

Persons: Clarence Thomas, Evelyn Hockstein, Thomas, Anthony Welters, Dick Durbin, Durbin, Welters, Ron Wyden, Elliot Berke, Berke, Harlan Crow, Steven Lubet, Lubet, Stephen Gillers, Andrew Chung, John Kruzel, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Welters, Democratic, hobnobbing, Senate, New York Times, Texas, Crow, Northwestern University, New York University, Thomson Locations: Washington , U.S, New York, Washington

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