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“If this was done by a foreign national, deport them,” Mr. Scott wrote on X, formerly known as Twitter, on Wednesday morning. We must stand up against this evil anti-Semitism everywhere we see it — especially on elite college campuses.”Gov. The suggestion of punishing anti-Israel views is part of a broader campaign against liberal-leaning campus environments, which many Republicans claim indoctrinate students. Mr. Trump made the same proposal at his own recent event in Iowa, also not providing details. And it’s not great now if companies refuse to hire kids who were part of student groups that once adopted the wrong view on Israel.”
Persons: Donald J, Ron DeSantis, Tim Scott of, , ” Mr, Scott, Doug Burgum, , Mr, Burgum, Trump, DeSantis, Ray Rodrigues, Nikki Haley, ” Ms, Haley, Vivek Ramaswamy, couldn’t, it’s Organizations: Republican, Trump, Gov, George Washington University, West Bank —, , Civil, Harvard, New York University, State University System, for Justice, The State University System, Governors, Ministry, United Nations, Locations: Gaza, Israel, Florida, Tim Scott of South Carolina, Palestine, North Dakota, , S.U.S, , Iowa, U.S
In Los Angeles, Rabbi Sharon Brous, a well-known progressive activist who regularly criticizes the Israeli government, described from the pulpit her horror and feelings of “existential loneliness,” her voice breaking. From email listservs of progressive Jewish groups to protests on university campuses to social-media campaigns by prominent liberal Jewish celebrities like Sarah Silverman, the war is bringing to a head more than a decade of tensions about Israel on the American left. Interviews with dozens of liberal Jewish leaders and voters, and a review of social media posts, private emails and text chains of liberal Jewish groups, reveal a politically engaged swath of American Jewry who are reaching a breaking point. He sent hundreds of letters to Los Angeles city officials urging them to denounce the organization and label it a “hate group.” The D.S.A. Polling since the attacks indicates strong national backing for Israel, including a notable uptick in support among Democrats.
Persons: Rabbi Sharon Brous, , , I’m, Sarah Silverman, Benjamin Netanyahu, Nick Melvoin, Rabbi Abraham Joshua Heschel, Martin Luther King Jr, Eric Spiegelman, Spiegelman, Biden, Trump, Israel, ” Eva Borgwardt, IfNotNow Organizations: West Bank, Democratic Party, New Israel Fund, Israel, Facebook, Jewish, Los Angeles Unified School Board, Democratic Socialists of America, Democratic, Younger, U.S, Capitol Locations: Gaza, Los Angeles, Atlanta, Israel, Angeles, Palestine, United States, America, New York City, American
After that rocket failed and fell on the Palestinian hospital in Gaza, killing scores of people, Hamas and the P.I.J. (Netanyahu’s coalition agreement actually vows to annex the whole of the West Bank.) I am well aware that Hamas has been committed to eliminating the Jewish state since its inception — not because Israel has expanded settlements in the West Bank. The Palestinian Authority, which is ready to coexist with the Jewish state, needs to be able to actually win a free and fair election against Hamas in the West Bank or Gaza. So no, we’re not telling Netanyahu what to do in Gaza — Israel is a sovereign country.
Persons: Biden, , Benjamin Netanyahu, Israel, Israel’s, Hassan Nasrallah, Nahum Barnea, beseeching Biden, beseech, it’s, , Gazans, there’s, Bibi Netanyahu’s, Abraham, Netanyahu, Sam’s, we’re, Netanyahu’s, Dan Ben, David, ” Mr, Ben, Yuval Noah Harari, Organizations: West Bank . Settlers, Palestinian Authority, West Bank, U.S, U.S . Navy, Pentagon, Arab Hospital, United, Israel, Hamas, Peace Communications, Times, Abraham Accords, Ministry of Defense, Tel Aviv University, Technion, Israel’s Locations: Israel, Gaza, Iraq, Afghanistan, Jerusalem, , Iran, Lebanon, Syria, Yemen, United States, U.S, Tehran, Persian, Gaza ”, America, Saudi Arabia, Jordan, Egypt, Gaza — Israel, We’re, Israeli
The militant Palestinian group orchestrated an unprecedented attack on Israel on Saturday, killing many hundreds of people and injuring thousands more. Israel's counteroffensive against Hamas has seen its military conduct a barrage of airstrikes across the enclosed territory of the Gaza Strip, also killing many hundreds of people. Pro-Palestinian demonstrators protest at Puerta del Sol square amid the ongoing conflict between Israel and the Palestinian militant group Hamas, in Madrid, Spain, October 9, 2023. Relief and Works Agency said that conditions in the Gaza Strip remain "difficult" as heavy airstrikes continue, with some shelters overcrowded. watch now"I am deeply distressed by today's announcement that Israel will initiate a complete siege of the Gaza Strip.
Persons: Mahmud Hams, Benjamin Netanyahu, Sameh, Ismail Haniyeh, Fatah, Juan Medina, Israel, Antonio Guterres, Basim Naim, BBC's, Naim, Israel's Netanyahu Organizations: Brigades, Afp, Getty Images Hamas, Israeli, Hamas, Nurphoto, Palestinian Health Ministry, Israeli Defense Forces, European Union, Movement, West Bank —, United Nations, Palestinian National Liberation Movement, Palestinian National Authority, West Bank, Pro, Puerta del Sol, Palestinian, Reuters, Works Agency Locations: Gaza, Mahmud, Israel, Hamas, Gaza City, U.S, Japan, Australia, Palestine, Palestinian, Madrid, Spain, Iran
Al-Sudairi was appointed last month and is on his first visit to Ramallah, the seat of President Mahmoud Abbas’ Palestinian Authority in the West Bank. During his two-day trip, the Saudi diplomat planned to meet with Abbas and other senior Palestinian officials. Political Cartoons View All 1179 ImagesAl-Sudairi told senior Palestinian officials Tuesday that Saudi Arabia supported the creation of a Palestinian state with East Jerusalem as its capital, according to a statement from Palestinian officials. He praised efforts to bring about peace in the region in accordance with the Arab Peace Initiative. The Palestinian Authority also has not specified what it is willing to accept from the Israeli government.
Persons: Nayef al, Biden, Sudairi, Mahmoud Abbas, Abbas, Riyad al, Maliki, , Benjamin Netanyahu, Israel Organizations: Saudi, Palestinian Authority, West Bank, Peace Initiative, U.S, Initiative, Palestinian Foreign Affairs, Palestinian, United Nations General Assembly, United Arab, Saudi Arabia —, West Locations: RAMALLAH, U.S, Saudi Arabia, Israel, Saudi, Jordan, Palestinian, Riyadh, Gaza, Israel's, Ramallah, Mahmoud Abbas ’, East Jerusalem, New York, United Arab Emirates, Bahrain, Persian, West Bank
The health care company reported earnings per share of $1.31. Organon posted $1.61 billion in revenue, beating analysts' expectations of $1.57 billion. Beyond Meat — The plant-based meat company fell 16% during midday trading after missing on second-quarter revenue, citing weak U.S. demand. The fragrance and cosmetics company reported revenue of $2.93 billion, falling shorter than analysts' estimates of $3.07 billion, according to StreetAccount. See Corp. — Shares of the packaging company lost 7% after See missed revenue expectations for the second quarter.
Persons: Moody's, Goldman Sachs, JPMorgan Chase, Organon, StreetAccount, Chegg, Charlie Ergen, EchoStar, Eli Lilly —, Eli Lilly, Palantir, , Samantha Subin, Jesse Pound, Alex Harring, Hakyung Kim Organizations: PNC Financial, Citizens, T Bank —, T Bank, Webster, PNC, JPMorgan, Nordisk —, Technologies, Refinitiv . Fox Corp, Corp,
How Goldman Sachs failed at consumer banking
  + stars: | 2023-06-26 | by ( Jeff Morganteen | Hugh Son | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Goldman Sachs failed at consumer bankingSaying the name out loud conjures images of Ivy League-educated investment bankers in tailored suits managing money for the wealthiest of the wealthy. Advising the wealthiest of the wealthy. Navigating the corridors of power across the world's financial capitals — New York, London, Singapore. So, why did Goldman Sachs — the 150-year-old investment bank — try to get into checking accounts and credit cards? And, what's more, how did Goldman Sachs' fail at that?
Persons: Goldman Sachs Organizations: Ivy League Locations: New York, London, Singapore
Money market funds Assets in retail money market funds grew to $1.99 trillion, according to the latest data from the Investment Company Institute . Further, even as money market funds offer relative safety, they can still face some risk. Don't confuse money market funds with money market accounts. Though money market accounts – which are offered by banks – are protected by the Federal Deposit Insurance Corporation, up to $250,000, money market funds are not. Certificates of deposit and high-yield savings accounts Liquidity should be a big factor for investors eyeing bank products like CDs and high-yield savings accounts.
Persons: Jamie Hopkins, Hopkins, Don Grant, Jordan Benold, Lehman, Danika Waddell, BancShares, Waddell Organizations: Federal, Carson Group, Sabre, Investment Company Institute, Investors, , Lehman Brothers, Federal Deposit Insurance Corporation, Xena, BMO, Ally Financial, CIT Bank, Synchrony, Ally, Capital
A younger member of the Tisch family spent nearly $20 million in recent days buying up more shares of Loews Corp ., according to securities filings and VerityData. Benjamin Tisch, the son of Loews CEO James Tisch, bought about $18.8 million worth of stock over three days. Loews — The conglomerate's senior vice president Benjamin Tisch scooped up about $18.8 million worth of stock from May 31 to June 2. It is first buy on record for Benjamin Tisch. StepStone Group — Head of strategy Michael McCabe bought $2.2 million worth of the asset management firm's stock in the first five days of June.
Persons: Tisch, Benjamin Tisch, James Tisch, Michael McCabe, Daryl Bible, Bible, Christopher Rondeau, Jan De Witte, Eric Schwartz Organizations: Loews Corp, Loews, CNA Financial, CNA, Fortress Investment Group, VerityData, StepStone, , T Bank, Truist, Integra LifeSciences
Flooding from the Kakhovka dam destruction is harming Russia's defensive positions, experts said. Kyiv says Russia of blew up the dam to harm Ukraine — but it may have had unintended consequences. "The flood also destroyed Russian minefields along the coast, with footage showing mines exploding in the flood water," the ISW added. The Kakhovka dam, which is upstream from Kherson, was damaged on Tuesday, releasing a torrent of water from its reservoir. Western countries have condemned Russia in broad terms since its destruction but haven't explicitly said it deliberately destroyed the dam.
Persons: , Hola, ISW, haven't, Volodymyr Zelenskyy, Zelenskyy Organizations: Institute for, Service, Russian, Russia, NBC, Ukrainian Presidential, AP Ukraine, Politico Locations: Kyiv, Russia, Ukraine, Dnipro, Russian, Ukrainian, Kherson —, Reuters, Kherson, Kakhovka, Kherson region
Sen. Elizabeth Warren, D-Mass., greets Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation, during the Senate Banking, Housing, and Urban Affairs Committee hearing in Dirksen Building on Tuesday, March 28, 2023. WASHINGTON — Sen. Elizabeth Warren is asking federal financial regulators for answers over what she called a "deeply troubling" deal that saw JPMorgan Chase take over First Republic Bank. "Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund." Instead, the insurance fund was allowed to take a multibillion-dollar loss after billions of dollars worth of the bank's uninsured deposits were rescued during the deal, Warren said. "The FDIC appeared to prioritize First Republic's uninsured deposits at the bank before the Insurance Fund," she said.
A cease-fire between Israel and Palestinian fighters in the Gaza Strip was largely upheld on Sunday, aside from a brief exchange of fire in the evening, and routine returned hours after the two sides agreed to end a five-day escalation that killed at least 33 people in Gaza and two in Israel. But across the region, the question was when, rather than if, the cease-fire would break. The escalation, at least the 11th involving Gaza since 2006, came just nine months after the previous days-long battle between Israel and militias in the coastal enclave. The Israeli military said that a single Palestinian rocket was fired into an open area near Gaza on Sunday evening, causing no damage but reminding residents of the fragility of the truce. Hard-line Palestinian militias that officially call for Israel’s destruction still dominate Gaza and maintain a strong presence in the West Bank — bolstering the Israeli rationale for exerting control over both territories.
Charles Schwab — Shares of Charles Schwab gained 3% on better-than-expected earnings. The company posted a profit of 93 cents per share, beating a Refinitiv forecast of 90 cents per share. M&T Bank — The regional bank stock jumped 3% after the company posted its latest quarterly figures. Lumentum — The optical fiber manufacturer rose slightly after JPMorgan upgraded the stock to overweight from neutral. Ollie's Bargain Outlet — The discount retail rose 3% in premarket trading after JPMorgan upgraded the stock to neutral from overweight.
High-yield savings account rates are going up as the Federal Reserve raises its rate. As the Federal Reserve has raised its rates several times throughout 2022 and early 2023, high-yield savings account rates have also gone up. If your rate hasn't increased as much as rates at other banks, should you switch high-yield savings accounts? 1. Review current savings ratesFirst, you'll want to look at current savings rates to see how your account stacks up to the most competitive savings accounts available. By figuring out your preferences, you can choose the best high-yield savings account for your needs and goals.
In an interview with Bloomberg, the chairman of the Saudi National Bank said it would not increase its stake in Credit Suisse. The Saudi National Bank — which describes itself as the kingdom’s biggest bank — committed $1.5 billion of the $4 billion in new capital Credit Suisse raised to fund its overhaul. Credit Suisse declined to comment. Customers withdrew billions from Credit Suisse last year, contributing to the bank’s biggest annual loss since the global financial crisis in 2008. Körner said the collapse of SVB was “somewhat of an isolated problem.” Credit Suisse follows “materially different and higher standards when it comes to capital funding, liquidity and so on,” he added.
Regulators shut down Silicon Valley Bank on Friday and halted account withdrawals. Why did Silicon Valley Bank collapse? This social media firestorm created a bank run where SVB customers raced against each other to pull money from the bank. Did the government bail out Silicon Valley Bank? Will people get their money back from Silicon Valley Bank?
Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. The same holds true for customers of Signature Bank, which was shut down by regulators Sunday. Yet they now need to find another place to keep their money — and they and other small firms may fear a similar calamity elsewhere. For starters, the message is that when a bank fails, customer deposits will be covered for an unlimited amount, Boneparth said. FDIC coverage may be enough for some firmsAdditionally, for some small businesses, the FDIC coverage at their bank should be sufficient.
ET, where Jim and other experts will discuss the ramifications of Silicon Valley Bank's demise on the economy and the stock market. The who is Silicon Valley Bank. Silicon Valley Bank was not likely to support your company if it did not receive all of your deposits. ET, where Jim and other experts will discuss the ramifications of Silicon Valley Bank's demise on the economy and the stock market. A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Fizz Credit Builder Debit Card ReviewIt's always hard to argue with free services, and Fizz is no exception. With no fees or interest rates, the Fizz debit card offers a cost-effective method for building credit. If you have a good grip on budgeting and controlling your spending, a student credit card or a secured credit card may be a more practical option. How to Get a Fizz CardTo get the Fizz card, you need to download the Fizz app from the Apple app store. Fizz Debit Card Frequently Asked Questions (FAQ)How Does Fizz Make Money?
Bank of America has announced a new class of 360 managing directors. Insider has the list of the 87 new MDs for the firm's Global Corporate and Investment Bank. It's managing director promotion day at Bank of America. On Thursday, the class of 360 managing directors across the firm were announced internally, up 15% from the 314 promoted in 2022.Insider has the list of the 87 employees who were promoted in the firm's Global Corporate and Investment Bank — the division responsible for dealmaking. That's down 17% from 105 new MDs last year in the division, likely a reflection of a difficult year in investment banking across Wall Street that saw revenues drop in excess of 50%.
Wall Street's version of the Hunger Games — nabbing a summer internship at an investment bank — is about to kick off. Thousands of college students are eagerly refreshing investment banks' careers pages awaiting applications to open for internships for the summer of 2024. (Yes, you read that right, this summer's internship spots have already been wrapped up for a while.) It's a process that results in young people making decisions that will set them on a certain path for years to come. Despite a difficult end to the year for the bank thanks to a costly fine, Wells' investment bank was actually among the top 10 advisors in M&A in 2022, Bloomberg reports.
The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate. Netflix — Shares of the streaming media company soared 13.1% after the firm on Tuesday posted better-than-expected results on the top and bottom lines. Netflix also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter ago. Intuitive also reported growth in its da Vinci procedures of about 20% compared with the third quarter of 2021. Snap — The social media stock climbed 2.5% after Citi added a positive catalyst watch on Snap heading into its earnings results Thursday.
Russian forces are rushing to evacuate tens of thousands of people in the key city of Kherson. The move comes as Ukrainian forces advance toward the city — the first that Russia captured. Russian forces have been occupying this southern city since they captured it early in the war. A view of a rocket firing as Ukrainian forces advance against Russian troops in Kherson Oblast, Ukraine on October 7, 2022. All together, Kyiv's advances have seen it liberate thousands of square miles of territory over the last two months that were previously occupied by Russian forces.
When I got my contract, my agent told me, "You're going to need to post on Instagram." I found myself thinking, 'If I have to post on Instagram, let me write'Dian Griesel. Being on social media has also generated work for me as an advisor to companies looking to understand the 50-and-up demographic. If I'm on set, that's an eight- or 10-hour day. There's the side that you have to get the job done, yes, that's business.
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