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☆ Trump loses bid to delay hush money trial while he fights gag order
▼ + stars: | 2024-04-09 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

A New York appeals judge on Tuesday knocked down yet another long-shot bid by Donald Trump to delay his criminal hush money trial, this time by seeking a pause while he challenges his court-imposed gag order. The swift rejection marked Trump's second failed attempt in less than 24 hours to postpone the Manhattan Supreme Court trial, which is set to begin jury selection in six days. The gag order bars Trump from speaking about likely witnesses in the case, and from making certain statements about other related figures including lawyers, court staff and their respective family members. Presiding Judge Juan Merchan last week expanded the gag order to stop Trump from targeting the family members of the judge and the D.A. Those witnesses are publicly attacking Trump and he is unable to respond, Bove told the judge, according to NBC.

Persons: Donald Trump, Cynthia Kern's, Attorney Alvin Bragg, Juan Merchan, Emil Bove, Trump, Stormy Daniels, Michael Cohen, Trump's, Bove, Matthew Colangelo, Bragg, Steven Wu, Kern, Wu Organizations: Manhattan Supreme, Trump, Manhattan, Attorney, NBC News, NBC, Department of Justice Locations: York, Manhattan

CNN —A New York appeals court has denied Donald Trump’s petition to change the venue of his upcoming hush money trial. The former president’s attorneys on Monday had urged the court to postpone the trial so it could consider whether to change the venue, arguing that Trump cannot get a fair jury in New York. But Associate Justice Lizbeth González quickly denied the motion to stop the trial after hearing arguments Monday, and there is no further argument on the motion to change the venue. Trump’s attorneys had filed the petition in the state appellate court earlier in the day, one week before his trial is set to begin. At Monday’s hearing before the appeals court, Trump attorney Emil Bove rehashed a survey and media study referenced in the former president’s previous motion submitted to Merchan to postpone based on pretrial publicity.

Persons: Donald Trump’s, Trump, Lizbeth González, Judge Juan Merchan, Emil Bove rehashed, Merchan, ” Bove, Steven Wu, Wu, Defendant, ” Wu, Wu said Organizations: CNN, Trump, Attorney’s Locations: York, New York, New York County, Manhattan

☆ Trump loses last-minute bid to halt hush money trial while he seeks new venue
▼ + stars: | 2024-04-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

A New York appeals court judge on Monday swiftly rejected a last-ditch bid by Donald Trump to delay his upcoming criminal hush money trial while he seeks to move the case to another court. Trump has frequently targeted both groups in the run-up to the Manhattan Supreme Court trial, which is set to begin jury selection next week. At a hearing Monday afternoon, defense attorney Emil Bove urged appellate Judge Lizbeth Gonzalez to delay the hush money trial, according to NBC. Wu added that Trump, who regularly rails against the case on social media and the campaign trail, is responsible for the media frenzy. He cannot drum up a media circus and then use that publicity to seek a change of trial venue, Wu told Gonzalez.

Persons: Donald Trump, LIV, Judge Lizbeth Gonzalez, Trump's, Trump, Stormy Daniels, Attorney Alvin Bragg, Emil Bove, Lizbeth Gonzalez, Bove, Steven Wu, Wu, Gonzalez Organizations: U.S, Miami, Trump National Doral Miami, NBC News, Trump, NBC, Manhattan Supreme, Attorney Locations: Doral , Florida, York, New York, Manhattan

☆ Inside a prison healthcare company's ownership shell game
▼ + stars: | 2024-03-05 | by ( Dakin Campbell | Nicole Einbinder | ) www.businessinsider.com time to read: +22 min

Sen. Elizabeth Warren has criticized Corizon successor company YesCare for its opaque corporate structure. Yet Geneva's track record is scant; it only incorporated in November 2021, six months before it got the YesCare contract. AdvertisementOnly one agency with a YesCare contract told BI it was aware of the extent to which YesCare had outsourced its operations. AdvertisementAn October 2022 YesCare bid document, submitted to the Alabama Department of Corrections, says PharmaCorr will dispense all prescription medications for YesCare. AdvertisementThe agreement between Geneva and prison healthcare provider YesCare requires YesCare to pay at least $500,000 a month to Geneva.

Persons: Sen, Elizabeth Warren, Corizon, YesCare, —, Dick Durbin, Raphael Prober, Prober's nonanswer, Warren, Christopher M, Lopez, Robert Green, Corizon —, Green, Lori Mayer, Aaron Kaufman, Chris Atkinson, Joel Landau, Tehum, Martin Horn, Alabama Department of Corrections YesCare, Thomas Mailey, Bryan Baker, Isaac Lefkowitz, Perigrove, — Lefkowitz, Lefkowitz, David Gefner, Gefner, Storm Harper, PharmaCorr, Jeff Sholey, Steven Weiss, Atkinson, Sara Tirschwell, Zalman Shapiro, Tirschwell, Michael Farrier, Jeffrey Sholey, Judge Lopez Organizations: Service, Corizon Health, Business, Getty, YesCare Holdings, Justice Department, Tehum Care Services, Geneva Consulting, Genesis Healthcare, BI, Geneva, American Correctional Association, . Maryland Department of Public Safety, Correctional, CHS, PharmaCorr, University of West, of Health, Allure, New York State Department of Health, Public, New York City Department of Correction, Alabama Department of Corrections, Alabama, New York State Department of Corrections, Community Supervision, Doña, Okaloosa, LinkedIn, YesCare, YesCare . Alabama Department of Corrections, Gefner, Court, Western, of, Corizon's, Florida's, Florida's Hillsborough County Sheriff's, Tehum's Locations: Missouri, Houston, Texas, Geneva, Florida, Alabama, New Jersey, YesCare, University of West Florida, Connecticut, Massachusetts, Riker's, Doña Ana County, New Mexico, Okaloosa County , Florida, Wyoming, Maryland, Colorado , Florida, North Carolina, Suffern , New York, YesCare's Alabama, of Missouri, Florida's Hillsborough County

☆ 'There's very little margin for error': 7 strategists explain why the Goldilocks narrative is in trouble — but these 8 investments are still worth making now
▼ + stars: | 2024-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors are pricing in a best-case outcome where earnings rise and inflation returns to normal in a continued economic expansion. “It’s a tough needle to thread,” said Steve Sosnick, the chief strategist at Interactive Brokers. “And that pretty much pulls forward almost all the returns, in our minds, for 2024.”AdvertisementCrit Thomas, a global market strategist at Touchstone Investments, has the same concern. “And so at 21x earnings, there’s very little margin for error here.”AdvertisementFourth-quarter earnings mostly met measured expectations , as did forward guidance. Clark Bellin, the chief investment officer at Bellwether Wealth, said he’s less worried about valuations broadly and is more interested in seeing which sectors look cheap.

Persons: —, ”, Solita Marcelli, “, Sameer Samana, Steve Sosnick, It’s, Steven Wieting, “ We’ve, Crit Thomas, “ I’m, ” Thomas, We’re, Chris Galipeau, ” Galipeau, ” Sosnick, we’ve, Liz Ann Sonders, Schwab, ” Sonders, there’s, Clark Bellin, he’s, ” Bellin, you’re, Stocks, Samana, won’t, Thomas, Wieting, Bellin, “ They’ve, they’re Organizations: Service, Business, UBS Global Wealth Management, Federal Reserve, Wells, Wells Fargo Investment Institute, Interactive, Citi Global Wealth’s, Touchstone Investments, Franklin Templeton Institute, Citi Global Wealth, Bellwether Wealth Locations: Wells Fargo, Samana, ” Samana, Galipeau

☆ CVS fined in Ohio for understaffing pharmacy, risking staff and patient safety
▼ + stars: | 2024-02-07 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +6 min

The investigation found that the store was seriously short staffed, pharmacy phones were not working properly and the AC unit was broken. A follow-up visit by agents revealed that the pharmacy was over a month behind in filling prescriptions, according to the agency’s report. In addition to the fine, regulators also put the 7292 Fulton Drive CVS store on probation for at least three years during which it will be subject to enhanced monitoring. The issues being investigated range from hundreds of prescriptions allegedly being past due, pharmacy staffing shortages, clutter and unsafe working conditions and concerns about maintaining adequate medications safety inside the pharmacy. These concerns led some pharmacists to walk out of CVS and Walgreens stores pharmacies last fall and ignited a national push to unionize pharmacy workers.

Persons: we’ve, We’re, Amy Thibault, ” Steven W, ”, Nicole Goodkind Organizations: New, New York CNN, CVS, State of Ohio, of Pharmacy, CNN, Ohio, Pharmacy, state’s, Pharmacists, Community Pharmacists Association, Walgreens, Walmart, Institute, National Institutes of Health Locations: New York, Canton , Ohio, State, Canton, Ohio, United States

☆ The chief strategist at Citi Global Wealth shares his top growth investments for a resilient economy in 2024 — including his highest-conviction commodity that will triple its demand by 2030
▼ + stars: | 2024-02-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Inflation was certainly severe and very troubling for markets, but ultimately its sources were transitory, Wieting said. As other energy-based companies and commodities grapple with a transition to clean energy, copper is expected to reap the benefits. The transition to clean energy and the move toward electric vehicles means demand for copper will triple by 2030, according to Citi Global Wealth's 2024 outlook. He believes the Magnificent Seven will be a strong part of the economy going into 2024 once again. Therefore, investors should look for opportunities in mid-cap growth or those within the S&P 400, the benchmark for the US mid-cap stocks.

Persons: Steven Wieting, Wieting Organizations: Federal, Citi Global Wealth, Business, Housing, Citi Global

☆ The Fed is focused on the interaction between inflation and the jobs market, says Steven Wieting
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is focused on the interaction between inflation and the jobs market, says Steven WietingSteven Wieting, Chief Investment Strategist & Chief Economist at Citi Global Wealth Management Investments, discusses today's Core PCE report and what it means for the economy.

Persons: Steven Wieting Steven Wieting Organizations: Citi Global Wealth Management Investments, PCE

☆ No 'economic collapse': Top Citi strategist says healthier economic growth is coming
▼ + stars: | 2024-01-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The global economy does not need a "collapse" in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth. Major economies have proven surprisingly resilient to sharp interest rate increases from central banks over the last two years. This has been particularly evident in the U.S., with recession thus far avoided and the labor market remaining robust. Talk has now turned to rate cuts as inflation remains on a downward trajectory toward central banks' targets, while growth has slowed. Wieting told CNBC's "Squawk Box Europe" on Monday that he is optimistic the global economy does not need an "economic collapse" to rein in inflation.

Persons: Steven Wieting, Wieting, CNBC's Organizations: Citi Global Wealth Locations: U.S

☆ Period of slower global growth will give way to 'healthier' expansion, Citi says
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeriod of slower global growth will give way to 'healthier' expansion, Citi saysSteven Wieting, chief investment strategist and chief economist at Citi Global Wealth, explains why he believes the global economy does not need a recession to clear out excess price pressures, and will emerge stronger after this year.

Persons: Steven Wieting Organizations: Citi, Citi Global Wealth

☆ Here’s where to invest $50,000 in the new year, according to the pros
▼ + stars: | 2024-01-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

The S & P 500 rose 24% in 2023, ending the year just shy of a record closing high. The highest S & P 500 target on the Street calls for 8.7% upside from Thursday's close. A fund with exposure to small and midcap semiconductor stocks is the SPDR S & P Semiconductor ETF (XSD) . Exposure to this space can be obtained through the SPDR S & P Health Care Equipment ETF (XHE) . For these investors, Bailey likes Berkshire Hathaway , calling it a counter-cyclical sitting on a ton of cash.

Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex

CHARLESTON, W.Va. (AP) — Five former correctional officers in West Virginia were indicted by a federal grand jury Thursday in connection with the 2022 death of an incarcerated man who was beaten while handcuffed and restrained in an interview room and later a jail cell. The indictments in West Virginia's southern U.S. District Court come weeks after two different West Virginia corrections officers pleaded guilty to a felony conspiracy charge stemming from the fatal beating of the same inmate, 37-year-old Quantez Burks. The case has drawn scrutiny to conditions and deaths at the Southern Regional Jail. Earlier this month, West Virginia agreed to pay $4 million to settle a class-action lawsuit filed by inmates who described conditions at the jail as inhumane. Two other former corrections officers were indicted Thursday on a charge of failing to intervene in the unlawful assault, resulting in Burks' death.

Persons: Quantez Burks, Burks, Jim Justice's, Brad Douglas, Phil Sword, Mark Holdren, Cory Snyder, Johnathan Walters —, Andrew Fleshman, Steven Wimmer, Walters, Holdren, Snyder Organizations: U.S . Justice Department, Southern Regional, of Corrections, Rehabilitation, Homeland Security, Southern Regional Jail, Associated Press, FBI Locations: CHARLESTON, W.Va, West Virginia, West Virginia's, U.S, Beaver

☆ Trump's fraud trial defense has featured 1 son, 2 pals, and an expert who noted 'glaring' math snafus
▼ + stars: | 2023-11-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Donald Trump Jr. in court for his family's civil fraud trial in New York. AP Photo/Phelan M. EbenhackThe first defense expert witness: a Trump mega-donorThe third defense witness to take the stand, developer Steven Witkoff, was, like Donald Trump, Jr., hardly an objective source of testimony. But on Tuesday he became Trump's first expert witness, in the field of real estate valuation. His multi-billion-dollar brokerage firm, Lockton Companies, earned $1.2 million last year as Trump's insurance broker, he said. He said he didn't have a real estate license — he doesn't need one to be a broker, he explained.

Persons: —, Donald Trump, Donald Trump , Jr, Junior, Donald Trump Jr, David Dee Delgado, Christopher Kise, Trump, Kise, Phelan M, Ebenhack, Steven Witkoff, Witkoff, Trump's, Eduardo Munoz Alvarez, Jason Flemmons, Flemmons, James, Flemmons flubbed, Steven Laposa, Laposa, LIV, Timothy A, Clary, Gary Giulietti, Giulietti Organizations: Trump, Service, New, AP, Republican, Woolworth, Supreme, Securities and Exchange Commission, SEC, Getty, Lockton Companies, Zurich Insurance Group Locations: New York, Manhattan, Trump, New Jersey

☆ Global yields are 'terrible competition' for stocks, says Citi's Steven Wieting
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal yields are 'terrible competition' for stocks, says Citi's Steven WietingSteve Wieting, Citi Global Wealth chief investment strategist, joins 'The Exchange' to discuss stocks vs. bonds, the state of the economy, and more.

Persons: Citi's Steven Wieting Steve Wieting Organizations: Citi Global Wealth

In preparing financial statements, also known as compilations, accountants need only documentation used to determine the value of assets, like Trump’s skyscrapers, golf courses and other properties. The firm cut ties with Trump last year and said his financial statements “should no longer be relied upon” after James raised concerns about their accuracy. James, a Democrat, alleges Trump, his company and top executives exaggerated his wealth by billions of dollars on the financial statements by inflating property values. On the stand Tuesday, Flemmons echoed Trump’s longstanding assertion that disclaimers on the financial statements insulated him from liability for discrepancies or misstatements. Trump has argued that, if anything, his financial statements undervalued how much his properties were worth.

Persons: — Donald Trump, Letitia James ’, Jason Flemmons, Donald Bender, Bender, he'd, —, “, Flemmons, James, Trump, Judge Arthur Engoron, “ It’s, ” Flemmons, Steven Witkoff, Trump’s, ” Engoron, Donald Trump Jr, Allen Weisselberg, ” Trump, Eric, Donald Trump, ”, Michael Organizations: USA, York, Trump Organization, U.S . Securities, Exchange Commission, Trump, Ankura Consulting, Mazars, Republican Locations: New York, Lago, Florida, Trump’s Doral , Florida, Michael Sisak, x.com

Rep. Dean Phillips, who for months urged Biden not to seek reelection before encouraging others to challenge the president, finally seized upon the moment himself on Friday. Cartoons on the Democratic Party View All 443 Images“President Biden is a good man and someone I tremendously respect. “If President Biden is the Democratic nominee, we face an unacceptable risk of Trump being back in the White House.”But with little name recognition, Phillips’ bid sets up an underdog challenge for the Democratic nomination. “To run in the primary against Biden from the right is somewhat puzzling. Biden himself won’t appear on the ballot in the state, due to a disagreement between New Hampshire Democrats and the national party over a new primary calendar that would have its first-in-the-nation primary status rescinded.

Persons: Joe Biden’s, Dean Phillips, Biden, Phillips, Donald Trump, don’t, ” Phillips, Trump, Steven Webster, “ Dean Phillips, ” Webster, “, ”, ” Phillips isn’t, Marianne Williamson, Robert F, Kennedy Jr, he’s, –, won’t Organizations: Hamas, Rep, White, Trump, Gallup, Democratic Party, Democratic, Indiana University, Biden, CBS News, New Hampshire Democrats Locations: Minnesota, Israel, lockstep, New Hampshire, New, Nevada

☆ The labor market is heading to a slowing next year, says Citi's Steven Wieting
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe labor market is heading to a slowing next year, says Citi's Steven WietingElizabeth Burton, client investment strategist with Goldman Sachs Asset Management, joins 'Squawk on the Street' to discuss why investors should worry about rolling recessions in specific industries, how investors should play stocks, and more.

Persons: Citi's Steven Wieting Elizabeth Burton Organizations: Goldman Sachs Asset Management

☆ Microsoft to spend $3.2b in Australia as AI regulation looms
▼ + stars: | 2023-10-23 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

SYDNEY, Oct 24 (Reuters) - Microsoft (MSFT.O) said it will spend A$5 billion ($3.2 billion) expanding its artificial intelligence (AI) and cloud computing abilities in Australia over two years as part of a wide-ranging effort that includes skills training and cyber security. The U.S. tech giant said it would raise its computing capacity in Australia by 250%, enabling the world's No. "This is a major investment in the skills and workers of the future," Australian Prime Minister Anthony Albanese said in a statement issued by Microsoft. A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. It said it would expand its data centre footprint in Australia from 20 sites to 29.

Persons: OpenAI, Anthony Albanese, Gonzalo Fuentes, Brad Smith, Steven Worrall, Byron Kaye, Gerry Doyle Organizations: SYDNEY, Microsoft, Australian Signals Directorate, REUTERS, Australia, Thomson Locations: Australia, U.S, Issy, Paris, France

☆ What the plastic surgery industry can tell us about the path of the economy
▼ + stars: | 2023-10-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Plastic surgery demand may be one signal. Anyone looking for more under-the-radar economic signals can add plastic surgery to the list. The plastic bubble popBut within the plastic surgery industry, the pullback in demand is undeniable, particularly considering how hot business was through 2021. "It's something that really took most of us by surprise," he said of the pandemic's plastic surgery boom. And media attention … that influences discretionary purchases and plastic surgery.

Persons: —, Dr, Steven Williams, tucks, Williams, Yaniv, Konchitchki, COVID hospitalizations, There's, it's Organizations: Service, American Society of Plastic Surgeons, UC Berkeley, Federal Reserve, Aesthetic Society, San Francisco Fed Locations: rhinoplasties, Europe, United States

☆ US government shutdowns don’t send markets tanking, but the coast is far from clear
▼ + stars: | 2023-09-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

During the most recent government shutdown in 2019, the S&P 500 rose more than 10%. The S&P 500 on Tuesday logged its lowest close since June and fell below the threshold it passed that same month to enter a new bull run. The S&P 500 has gained 0.5% on average during the month following the end of a shutdown and 1.5% during the period three months after. Meta’s Zuckerberg unveils Quest 3Meta is moving forward in its efforts to dominate the AR world with the new and improved Meta Quest 3, reports my colleague Jennifer Korn. The Meta Quest 2 allows for strictly virtual reality, while the Meta Quest Pro has advanced passthrough cameras for seeing your actual surroundings, but it costs a whopping $1,000.

Persons: shutdowns, ”, Steven Wieting, Goldman Sachs, Jeffrey Roach, Ned Davis, Meta’s Zuckerberg, Jennifer Korn, Mark Zuckerberg, Jeanne Sahadi, Read Organizations: CNN Business, Bell, CNN, Strategas Research Partners, Citi Global Wealth, Reserve, LPL, Fed, Stocks, Ned Davis Research, Meta, Pro, Fortune, Pew Research Center, Pew Locations: United States

☆ Aluminum producer Alcoa names new president and CEO
▼ + stars: | 2023-09-25 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +1 min

Aluminum producer Alcoa announced Monday that the company has named William Oplinger as its new president and CEO, effective immediately. Oplinger had served as Alcoa's executive vice president and chief operations officer since February. "Our Board believes Bill's extensive experience with Alcoa makes him well-positioned to carry the company forward." The Pittsburgh-based producer split into two publicly traded companies and created the current iteration of Alcoa in 2016. Before that, Oplinger had served as chief financial officer and oversaw the mining, refining, smelting and energy businesses.

Persons: William Oplinger, Roy Harvey, Oplinger, Roy, Steven Williams, Harvey, We've Organizations: Alcoa Locations: Pittsburgh, Alcoa

☆ The strength of the labor market is driving the ability to borrow, says BofA's David Tinsley
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe strength of the labor market is driving the ability to borrow, says BofA's David TinsleyDavid Tinsley, senior economist at the Bank of America institute, and Steven Wieting, chief investment strategist at Citi Global Wealth Management Investments, join 'The Exchange' to discuss the deceleration in consumer spending, inventories shrinking due to persistent strength in services hiring, and more.

Persons: BofA's David Tinsley David Tinsley, Steven Wieting Organizations: Bank of America, Citi Global Wealth Management Investments

☆ MLB roundup: Twins edge Rangers on bases-loaded walk in 13th
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +21 min

Mets 3, Angels 2Rafael Ortega collected the game-winning RBI single in the bottom of the ninth inning as New York edged visiting Los Angeles. Assad (3-2) gave up one run and three hits in seven innings, with seven strikeouts and two walks. Kyle Tucker and Yainer Diaz hit two-run shots, while Mauricio Dubon and Martin Maldonado had solo blasts. Mets 3, Angels 2Rafael Ortega collected the game-winning RBI single in the bottom of the ninth inning as New York edged visiting Los Angeles. Kyle Tucker and Yainer Diaz hit two-run shots, while Mauricio Dubon and Martin Maldonado had solo blasts.

Persons: Royce Lewis, Jeffrey Becker, Michael A, Taylor, Donovan Solano, Jorge Polanco, Max Kepler, Dylan Floro, Jonathan Hernandez, Lewis, Ryan Jeffers, Joey Gallo, Matt Wallner, Carlos Correa, Jonah Heim, Martinez, Marcus Semien, Rafael Ortega, Francisco Alvarez, Reynaldo Lopez, DJ Stewart, Mark Vientos, Ortega, Adam Ottavino, Alvarez, Pete Alonso, Alonso, Daniel Vogelbach, Luis Rengifo, Brandon Lowe, Randy Arozarena, Zack Littell, Jason Adam, Kyle Higashioka, DJ LeMahieu, Anthony Volpe, Jeimer Candelario, Cody Bellinger, Javier Assad, Bellinger, Nico Hoerner, Assad, Ke'Bryan Hayes, Bailey, Patrick Bailey, Rogers, Austin Slater, Tristan Beck, Scott Alexander, Jared Shuster, Marcell Ozuna, Elias Diaz's groundout, Ryan O'Hearn's, Jake Bird, Justin Lawrence, Yennier Cano, Mookie Betts, Freddie Freeman, Betts, James Outman, Gavin Stone, Caleb Ferguson, Justin Turner, Adam Duvall, Triston Casas, Aaron Nola, Louis, Craig, Kyle Schwarber, Drew Rom, Kole, Ramon Laureno's, Calhoun, Laureano, Emmanuel Clase, Jose Ramirez, Vladimir Guerrero Jr, Davis Schneider, George Springer, Jeremy Pena, Kyle Tucker, Yainer Diaz, Mauricio Dubon, Martin Maldonado, Justin Verlander, Miguel Cabrera, Alex Faedo, Jorge Soler slugged, would've, Soler, Rowdy Tellez, Sal Frelick, Adrian Houser, Bryse Wilson, Gary Sanchez, Matthew Batten, Steven Wilson, Teoscar Hernandez, Julio Rodriguez, Luis Castillo, Castillo, Andres Munoz, Nelson Velazquez, Alec Marsh, Mike Clevinger, Yoan Moncada, Tim Anderson, Andrew Benintendi, Andrew Vaughn, Moncada, Paul Blackburn, Media Teoscar Hernandez Organizations: Minnesota Twins, Texas Rangers, USA, Twins, Texas, The Rangers, Mets, New, Angels, Yankees, Tampa Bay, Rays, Cubs, Pirates, Chicago, Pittsburgh, Giants, Braves, Atlanta, Orioles, Baltimore, Rockies, Dodgers, Red Sox, Los, Boston, Phillies, Cardinals, Philadelphia, St, Blue Jays, Cleveland, Toronto, Guardians, Astros, Tigers, Detroit's Comerica, Detroit, Marlins, Nationals, Miami, Washington, The Marlins, National League East, Brewers, Padres, Milwaukee, National League Central, Mariners, Royals, Seattle, Kansas City, American League West, White Sox, Athletics, Oakland, Media, Thomson Locations: Minneapolis , Minnesota, USA, Minneapolis, Texas, Minnesota, York, Los Angeles, New York, St . Petersburg, Fla, Francisco, Colorado, Baltimore, Nola, Detroit, National League East . Washington, San Diego, Chicago

☆ Schonfeld's growing pains: Ryan Tolkin reckons with his greatest challenge yet as returns dry up at the $13 billion hedge fund
▼ + stars: | 2023-08-23 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

When it was raising fresh money from investors in 2020, one slide on the pitch deck for the hedge fund Schonfeld Strategic Advisors got to the heart of the issue: "Why Schonfeld?" A hedge fund recruiterAmid the weakness, the fund has begun to prune costs. Steve Schonfeld (class of 1977) and Brad Tolkin (class of 1976) attended Roslyn High School in Roslyn Heights, New York. Tolkin told Insider in 2019 that the firm's goal was no less than becoming "the premier equities hedge fund globally." While Steven Schonfeld's 20% annual-return goals would've been ambitious for any sizable hedge fund, returns have also lagged behind peers.

Persons: Israel Englander, Ryan Tolkin, Steve Schonfeld, hasn't, It's, Schonfeld, Quita Ramirez, Trina Geatz, who've, Tolkin, Goldman Sachs, Andrew Fishman, Goldman Sachs —, Steven Schonfeld's, Ryan Tolkin's, Brad Tolkin, Brad, Jeff, Alex Morrell Steve, CJ, Sean, Ryan, Brad Tolkin's, Steven Schonfeld, Ryan —, who's, Steve, Michael Gelband, Michael Englander, Izzy Englander's, Steven, Sharpe, Fishman, Michael Nagle, Colin Lancaster, would've, Brevan Howard, ExodusPoint Organizations: Citadel, Duke, Goldman, Long, Newsday, Schonfeld Securities, Roslyn High School, American Express, Cleveland Cavaliers, Jewish, —, Bloomberg, Strategic Partners, Equity, Schonfeld, Nasdaq, Management Locations: Israel, Miami, Stamford , Connecticut, Manhattan, Delta, Duke, Long Island, Roslyn Heights , New York

☆ Seth Lugo, Padres blank Marlins in rubber game
▼ + stars: | 2023-08-23 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

Lugo gave up three hits and a walk with four strikeouts over six innings to pick up the win and improve to 5-6. The Marlins loaded the bases with one out on a Josh Bell single and a pair of walks. Ha-Seong Kim opened the Padres' first with a double and scored on Juan Soto's one-out single to give San Diego a 1-0 lead. Former Marlin Garrett Cooper scored the Padres' final run in the seventh after singling to open the inning in his first two-hit game as a Padre. The win gave the Padres a 5-5 record in their longest homestand of the season.

Persons: Seth Lugo, Xander Bogaerts, Lugo, Steven Wilson, Robert Suarez, Tom Cosgrove, Josh Hader, Josh Bell, Hader, Garrett Hampson, Yuli, Cy Young, Sandy Alcantara, Seong Kim, Juan Soto's, Manny Machado, Bogaerts, Marlin Garrett Cooper, Padre, Cooper, Fernando Tatis Jr Organizations: San Diego Padres, Miami Marlins, Marlins, Padres, Miami, Thomson Locations: San Diego, Alcantara

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