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☆ See How Much Rain Fell in the Northeast
▼ + stars: | 2023-07-11 | by ( Judson Jones | Lazaro Gamio | ) www.nytimes.com time to read: +3 min

See How Much Rain Fell in the NortheastA slow-moving, unnamed weather system meandered through the Northeast, releasing astounding amounts of water that led to the worst flooding in New England since Tropical Storm Irene. Bridges were washed away and streets in downtown Montpelier, Vt., looked like a Venice canal. River levels over the past four days Winooski River at Montpelier, Vt. 0 ft. 5 ft. 10 ft. 15 ft. 20 ft. Flood stage Winooski River near Essex Junction, Vt. 0 ft. 5 ft. 10 ft. 15 ft. 20 ft. Flood stage Lamoille River at Johnson, Vt. 0 ft. 5 ft. 10 ft. 15 ft. 20 ft.

Persons: Irene, Bea Malsky, “, Phil Scott, Vermont’s, Brian Snyder, Mr, Scott Organizations: Tropical, Weather, United State Military Academy, ”, Weather Service, Reuters Locations: New England, Bridges, Montpelier, Vt, Venice, New York, West, Vermont, Plymouth, Montpelier , Vt, Essex, Johnson, Vermont’s

☆ How Siemens and Alstom are preparing for a passenger rail boom in the U.S.
▼ + stars: | 2023-07-11 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

Once a leader in passenger rail, the U.S. has since fallen behind many industrialized nations in rail funding and ridership — but investment is picking up. Investment in passenger rolling stock across North America, which includes high-speed rail, light rail, metro, passenger coaches and locomotives, is expected to increase 4.7% per year between 2021 and 2026, according to a projection from McKinsey & Company. Aside from the government, private companies are also working on beefing up passenger rail in the country. Brightline has already built out its passenger rail service in Florida, and its sister company, Brightline West, is working on a high-speed passenger rail line between Las Vegas and Southern California. CNBC visited railcar manufacturers Siemens and Alstom to see how they are ramping up passenger train production and to learn how the companies view the future of passenger rail in the U.S. Watch the video to find out more.

Persons: Marc Buncher, Scott Sherin, We've, Brightline Organizations: Investment, McKinsey & Company, Infrastructure Investment, Jobs, Siemens Mobility North, CNBC, Alstom, Amtrak, Alstom U.S, Siemens, U.S . Locations: U.S, North America, United States, Hornell , New York, Europe, Florida, Las Vegas, Southern California

☆ Flooding threatens Vermont's capital as crews rescue more than 100
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: +8 min

Emergency services work following flooding, in Montpelier, Vermont, July 11, 2023 in this still image taken from video obtained from social media. A person rows a paddle board in a flooded area in Montpelier, Vermont, July 11, 2023. A vehicle makes its way through a flooded street, in Montpelier, Vermont, July 11, 2023, in this picture obtained from social media. There have been no reports of injuries or deaths related to the flooding in Vermont, where swift-water rescue teams aided by National Guard helicopter crews have done more than 100 rescues, Vermont Emergency Management said Tuesday. Emergency services work following flooding, in Montpelier, Vermont, July 11, 2023 in this still image taken from video obtained from social media.

Persons: Neal P, Goswami, Brian Snyder, Irene, Phil Scott, Scott, Mike Cannon, Bill Fraser, Eric Nordenson, John Montes, Reuters Syd Straw, Joe Biden, Dennis Pinkham, Karine Jean, Pierre, Maggie Lenz, Pamela Nugent, Kathy Hochul Organizations: Reuters, City, National Guard helicopter, Vermont Emergency Management, New Hampshire, Vermont Urban, Montpelier Police, City Hall, Police, National Weather Service, NATO, Federal Emergency Management Agency, Reuters FEMA, White, The U.S . Military Academy, West, New York Gov Locations: Montpelier , Vermont, Vermont, Montpelier, New York, New, Massachusetts, Canada, U.S, Barre, John Montes ,, Northern New England, New England, Connecticut, New Hampshire, Weston, Hartford, Lithuania, Massachusetts , Connecticut, Montpelier and Middlesex, North Carolina , Michigan, Hudson Valley, Fort Montgomery, The, Highland Falls, Hudson

MONTPELIER, Vermont, July 11 (Reuters) - A Vermont reservoir threatened to overwhelm a dam protecting the state's capital on Tuesday and exacerbate "catastrophic" flooding that has already shut roadways leading out of town and trapped people in their homes. The North Branch converges with a second, larger branch of the Winooski near the Vermont statehouse. "Make no mistake, the devastation and flooding we're experiencing across Vermont is historic and catastrophic," Vermont Governor Phil Scott said at a briefing Tuesday. [1/8]People paddle a kayak down a street flooded by recent rain storms in Montpelier, Vermont, U.S., July 11, 2023. The city's topography - bordered by hills with the downtown in a valley - increases the potential for flooding, Montpelier City Council member Conor Casey said.

Persons: Phil Scott, William Fraser, Brian Snyder, Jack McCullough, McCullough, Mike Cannon, Irene, Conor Casey, Casey, Janet Boyd, Boyd, Brendan O'Brien, Rich McKay, Rachel Nostrant, Daniel Trotta, Devika Syamnath, Bill Berkrot, Sandra Maler Organizations: Branch, National Weather Service, Vermont statehouse, REUTERS, CNN, Thomson Locations: MONTPELIER , Vermont, Vermont, Montpelier, United States, Florida , Texas, California, U.S, New York , Massachusetts, Connecticut, Montpelier City, Montpelier , Vermont, New England, Wilmington , Vermont, Chicago, Atlanta

☆ Analysis: U.S. crypto lobbyists court Democrats in fresh legislative push
▼ + stars: | 2023-07-10 | by ( Michelle Price | ) www.reuters.com time to read: +5 min

That effort escalated last month when the SEC sued crypto exchanges Coinbase and Binance for failing to register some crypto tokens. Most crypto companies dispute the SEC's jurisdiction. It would expand the Commodity Futures Trading Commission's (CFTC) oversight of the crypto industry, while clarifying the SEC's jurisdiction. With Democrats' support, the bill could have a shot in the Senate. McHenry and Thompson are discussing the proposal with crypto companies, regulators and Democrats, and hope the committees will vote on it before the August recess, senior Republican policy staff said.

Persons: Cody Carbone, Patrick McHenry, Glenn Thompson, Brett Quick, McHenry, Thompson, Maxine Waters, David Scott, Scott, Vicente Gonzalez, Sylvia Garcia, Carbone, Spokespeople, Waters, Gonzalez, Garcia, Sam Bankman, Fried, Kristin Smith, Coinbase, spender, Kara Calvert, It's, Michelle Price, Hannah Lang, Douglas Gillison, Richard Chang Organizations: U.S . Securities, Exchange Commission, SEC, Capitol, Blockchain Association, Chamber of Digital Commerce, Crypto, Innovation, Coinbase, Financial Services, Agriculture, Trading, Republican, Thomson Locations: Washington, United States

☆ See images of the floods plaguing New York and New England
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: +5 min

Parts of the Burlington, Vermont, area have seen 6 inches (15 cm) of rain, with 2 inches (5 cm)of downpours expected Monday afternoon. Amtrak suspended passenger train service between the state capital Albany and New York City after flooding damaged tracks. Amtrak shares some of that route's track with the Metro-North commuter railroad into New York, which suspended some service on that line and another. "This is an all-hands-on-deck" event, Vermont Governor Phil Scott said at a news conference, a day after declaring a state of emergency for Vermont. About two dozen state roads were closed as potentially deadly flooding spread across much of the state from the Massachusetts state line north to the Canadian border, Vermont State Police said.

Persons: Kathy Hochul, Fatih Aktas, downpours, Boston's Logan, Steven Neuhaus, ABC's, Neuhaus, Melissa Roberts, Phil Scott, Irene, Jeannette Haight Organizations: Anadolu Agency, Getty, National Weather Service, New York's LaGuardia, Amtrak, Metro, U.S . Military Academy, New, Vermont State Police, Burlington Locations: Highland Falls, Fatih, U.S, Eastern New York, Boston, Western Maine, Stormville, New York City, Burlington , Vermont, Albany, New York, Orange County , New York, Fort Montgomery, Orange County, Ontario County, Vermont, New England, Massachusetts, Andover, North Carolina

☆ Baltimore gun battle highlights surge in US mass shootings
▼ + stars: | 2023-07-03 | by ( Brendan O'Brien | ) www.reuters.com time to read: +3 min

As of Monday, 340 mass shootings have taken place across the country so far this year. At that pace, the United States will experience 679 mass shootings in 2023, the second most in a calendar year since 2014, according to the Gun Violence Archive. The definition of a mass shooting differs among organizations and media outlets that track gun violence. For example, the online database Mass Shooting Tracker defines a mass shooting as any in which four or more are shot, including the shooter or shooters. The FBI defines a mass shooting as one in which at least four people are murdered with a gun.

Persons: James Alan Fox, Fox, Baltimore Mayor Brandon Scott, Brendan O'Brien, Grant McCool Organizations: Northeastern University, Baltimore Mayor, CNN, South Baltimore's Brooklyn Homes, FBI, Thomson Locations: Baltimore, United States, South Baltimore's Brooklyn, Wichita , Kansas, Monterey Park , California, Allen , Texas, Chicago

☆ Baltimore mass shooting: Investigators searching for suspects in block party shooting that killed 2 and injured 28 others
▼ + stars: | 2023-07-03 | by ( Elizabeth Wolfe Melissa Alonso | Elizabeth Wolfe | Melissa Alonso | ) edition.cnn.com time to read: +5 min

CNN —Investigators in Baltimore are searching for multiple suspects in a mass shooting that launched a beloved annual neighborhood block party into chaos early Sunday, killing two people and injuring 28 others, most of whom were teens, officials said. Baltimore Mayor Brandon Scott said Sunday his office is mobilizing every available resource to assist with the investigation. Residents watch as Baltimore police investigate the site of a mass shooting in the Brooklyn Homes neighborhood on July 2, 2023. The archive, like CNN, defines a mass shooting as one in which four or more people are shot, not including the shooter. Gunfire shatters community festivityMembers of the Kingdom Life Church pray at the site of a mass shooting in the Brooklyn Homes neighborhood on July 2, 2023.

Persons: Mayor Brandon Scott, Aaliyah Gonzales, Kylis Fagbemi, Richard Worley ., Worley, –, Gonzales –, Baltimore Mayor Brandon Scott, Scott, ” “, Nathan Howard, ” Scott, Nick Mosby, ” Mosby, Yvonne Booker, she’s, I’m, I’ve, ” Booker Organizations: CNN — Investigators, Mayor, CNN, Baltimore Police Department, Police, Baltimore Mayor, Baltimore, Brooklyn Homes, Getty, Baltimore City Locations: Baltimore, Brooklyn, Worley, Maryland

CNN —An 18-year-old woman and a 20-year-old man were killed and 28 others injured in a mass shooting at a Baltimore block party, officials said. Nine people were transported from the scene to hospitals and 20 people walked into hospitals in the area. The 18-year-old was pronounced dead on the scene and the 20-year-old was pronounced dead at a hospital, police said. Police received multiple calls after 12:30 a.m., and arrived to find one woman dead and another nine people suffering from gunshot wounds, according to Baltimore Police Acting Commissioner Richard Worley. There is no information on suspects or a motive at this time, but investigators are “working an extensive crime scene,” Worley said.

Persons: Adams Cowley, Michael Schwartzberg, Richard Worley, ” Worley, Baltimore Mayor Brandon Scott, ” Scott, “, ”, CNN’s Victor Blackwell, Amara Walker, Scott, ” “ Organizations: CNN, Adams Cowley Shock Trauma, University of Maryland Medical Center, University of Maryland Medical, Police, Baltimore Police, Baltimore Mayor Locations: Baltimore, Brooklyn

☆ Republicans celebrate after Supreme Court scraps Biden student loan relief program
▼ + stars: | 2023-06-30 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Republican leaders and presidential candidates filed in to applaud Friday's Supreme Court decision striking down President Joe Biden's student loan relief program. Sen. Tim Scott, R-S.C., another presidential contender, called the loan forgiveness plan an "illegal and immoral" bid to "transfer student debt to taxpayers." Meyer noted, however, that she doesn't expect the ruling will mark an end to the efforts to forgive student loan debt. Other Republicans have put forward alternative plans for addressing the country's burgeoning student loan debt. Canceling student debt is a popular idea: Polls have shown that most registered voters support at least some form of loan forgiveness.

Persons: Mike Pence, Friday's, Joe Biden's, today's, Donald Trump, Sen, Tim Scott, Scott, Katharine Meyer, Meyer, Biden, Pence, Ron DeSantis, Trump, DeSantis Organizations: United, Republican, White, Trump, Biden, Brookings Institution, Republican National Committee, The Washington Post, Florida Gov, GOP, Senate Republicans Locations: United States, Ankeny , Iowa

☆ ‘Ghost particle’ portrait of the Milky Way revealed
▼ + stars: | 2023-06-29 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —For the first time, astronomers have assembled a glowing portrait of the Milky Way galaxy using cosmic “ghost particles” detected by a telescope embedded in Antarctica’s ice. Over the years, astronomers have showcased stunning images of the Milky Way through electromagnetic radiation from visible light or radio waves. These tiny, high-energy cosmic particles are often referred to as ghostly because they are extremely vaporous and can pass through any kind of matter without changing. The IceCube detector is seen under a starry night sky, with the Milky Way appearing over low auroras in the background. Cosmic rays are mostly made up of protons or atomic nuclei that have been stripped from atoms, according to NASA.

Persons: “, ’ ”, Naoko Kurahashi Neilson, Amundsen, Scott, Kurahashi Neilson, Yuya Makino, Steve Sclafani, Mirco, IceCube, ”, Chad Finley, ” Sclafani, Victor Hess, ” Kurahashi Neilson Organizations: CNN, Drexel University, National Science, Pole, NSF, Germany’s TU Dortmund University, Stockholm University, NASA Locations: Antarctica, Germany’s

☆ Citi begins new coverage of Apple at a Street-high price of $240
▼ + stars: | 2023-06-29 | by ( Scott Schnipper | ) www.cnbc.com time to read: +1 min

Citigroup's Atif Malik initiated research coverage of Apple late Thursday with a buy recommendation and a $240 price target, the highest on Wall Street among more than 30 analysts who cover the iPhone maker, according to FactSet. Apple rose another 0.2% postmarket Thursday after closing at a record $189.59 and approaching a $3 trillion market capitalization. Malik's price target implies further appreciation of another 27% on top of the 46% advance the stock has already scored in the first half of 2023. Apple already exceeds Wall Street's consensus price target of $187.19, according to FactSet. The prior Street-high price objective was Wedbush Securities analyst Dan Ives' $220, FactSet shows.

Persons: Citigroup's Atif Malik, Malik, Dan Ives, — CNBC's Michael Bloom Organizations: Apple, Wall, Citigroup, Wedbush Securities

“In this instance, the grand jury of the 228th District Court of Harris County found that no crime did occur, that no single individual was criminally responsible,” Ogg said. But a tragedy isn’t always a crime, and not every death is a homicide,” Ogg also said. He’s looking forward to getting back home after being cleared by the grand jury,” Schaffer told CNN. The grand jury met for six hours and homicide detectives testified, according to Schaffer. It was unclear at the time what Scott saw from the stage and whether he was aware of the conditions in the crowd.

Persons: Travis Scott –, Kim Ogg, John Junnell, Brett Silberstein, ” Ogg, isn’t, “, Scott, Travis Scott, ”, Ted Anastasiou, Kent Schaffer, Schaffer, ” Schaffer, Troy Finner, Mike Barrow Organizations: CNN, Harris County Institute of Forensic Sciences, District, Schaffer . Houston Police Department, Houston Fire Department, Houston Police Locations: Harris County, Harris

Their tormentors have also called in false bomb threats to venues using their names in three states. To combat the growing problem, the FBI has begun taking formal measures to get a comprehensive picture of the problem on a national level. Chief Scott Schubert with the bureau's Criminal Justice Information Services headquarters in Clarksburg, West Virginia, told NBC News that the agency formed a national online database in May to facilitate information sharing between hundreds of police departments and law enforcement agencies across the country pertaining to swatting incidents. No central agency has tracked swatting incidents or suspects in the U.S., so official statistics are not available. The couple was mostly recently swatted at their home on Tuesday, bringing the total of swatting incidents to 43.

Persons: Patrick Tomlinson, Niki Robinson, hasn't, Scott Schubert, Schubert, Lauren R, Shapiro, Mark Herring, Niki Robinson.NBC, —, Andrew Finch —, Finch, Swatting, he'd, Norm Macdonald, Tomlinson, It's, impersonators, Swatters, Patti Labelle, Robinson Organizations: Las Vegas, Tribune, Service, Getty, Clemson, Harvard, Cornell, Rutgers, Middlebury College, swatters, FBI, bureau's, Information Services, NBC News, NBC, Google, John Jay College of Criminal, Defamation League, Twitter, Daily, YouTube, Police, Irish, Milwaukee Brewers, Riverside Theater Locations: Milwaukee, U.S, Clemson , Florida, Boston, Pittsburgh, Oklahoma, Clarksburg , West Virginia, Texas, China, Taiwan, Tennessee, Wichita, Wisconsin, Marquette

☆ Why any M&A boom in banks will mirror shale oil in 2020 — all-stock offers and small premiums
▼ + stars: | 2023-06-27 | by ( Scott Schnipper | ) www.cnbc.com time to read: +2 min

Pioneer Natural bought Parsley Energy at an 8% premium. Devon Energy bought WPX Energy at a 3% premium. Bilson points to Yellen last week highlighting a likely decline in earnings when banks report second-quarter earnings next month. That's already reflected in plenty of well-known banks "now trading with mid-single digit forward EPS multiples" as they are suddenly forced to pay more for their deposits, Bilson wrote. There are other hurdles standing in the way of bank deals, Bank of America analysts led by Ebrahim Poonawala said Monday.

Persons: Janet Yellen, there'll, Don Bilson, Gordon Haskett, Bilson, Ebrahim Poonawala, dealmaking, Poonawala, — CNBC's Michael Bloom Organizations: Silicon Valley Bank, Signature Bank, First, Federal Reserve, Dominion, Chevron, Noble Energy, ConocoPhillips, Concho Resources, Energy, Devon Energy, WPX Energy, Yellen, Bank of America, Regulators, U.S . Department of Justice, Federal Trade Commission, MTM Locations: U.S, Wall, Silicon, Toronto, Concho

☆ What GOP presidential candidates are saying about abortion a year after Dobbs
▼ + stars: | 2023-06-23 | by ( Isabelle Schmeler | Isabelle Schmeler Is An Executive Assistant For Nbc'S Political Unit. | ) www.nbcnews.com time to read: +4 min

While all of the candidates gave a nod to the “pro-life” movement, some stopped short of supporting Sen. Lindsey Graham’s, R-S.C., proposal for a 15-week federal abortion ban, which he has called on the GOP presidential candidates to support. Pence was the only candidate to specifically support Graham's bill on the first day of the conference. Ramaswamy has previously said he does not support a federal abortion ban. He said he plans to sign a federal abortion ban if elected president. Ron DeSantisDeSantis stuck by the six-week state abortion ban he signed in April, but he would not engage on Graham's proposal for a 15-week federal ban.

Persons: Roe, Wade, Sen, Lindsey Graham’s, Mike Pence Pence, “, Pence, Vivek Ramaswamy Ramaswamy, ” Ramaswamy, Ramaswamy, Asa Hutchinson Hutchinson, ” Hutchinson, he’s, Carolina Sen, Tim Scott Scott, Dobbs, ” Scott shied, Miami Mayor Francis Suarez Suarez, Chris Christie, Republican ”, Christie, Donald Trump, ” Christie, Ron DeSantis DeSantis, DeSantis, hasn't Organizations: Republicans, GOP, Here’s, Republican, Former Arkansas Gov, Miami Mayor, Miami, Former New Jersey Gov, Florida Gov Locations: Arkansas, Carolina, America, New Jersey, Florida

☆ Who are the Republican candidates running for president?
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +6 min

June 22 (Reuters) - At least 11 Republican candidates have announced that they will try to win their party's nomination to take on Democratic President Joe Biden in the November 2024 election. DONALD TRUMPTrump, 77, announced his election campaign last November as he faced criticism from within his Republican Party over his support for far-right candidates who were defeated in the midterm elections. She attracts about 4% support among Republican voters. DOUG BURGUMDoug Burgum, who is serving his second four-year term as North Dakota's governor, launched his campaign earlier this month. WILL HURDFormer U.S. Representative Will Hurd, who was among the few Republicans who criticized Trump when he was president, is one of two Black candidates in the 2024 Republican race.

Persons: Joe Biden, DONALD TRUMP Trump, Biden, Trump, RON DESANTIS, DeSantis, MIKE, Pence, Trump's, NIKKI HALEY, Haley, TIM SCOTT, Scott, VIVEK RAMASWAMY, Ramaswamy, CHRIS CHRISTIE, Chris Christie, ASA HUTCHINSON, Hutchinson, DOUG BURGUM Doug Burgum, FRANCIS SUAREZ, FRANCIS SUAREZ Miami Mayor Francis Suarez, Suarez, WILL HURD, Representative Will Hurd, Hurd, Katharine Jackson, Ross Colvin, Frances Kerry Organizations: Republican, Democratic, Republican Party, New, Twitter, Trump, Walt Disney Co, Ukraine, U.S . Capitol, Constitution, Republican White House, Christian, United Nations, Biden, TIM, Black Republican U.S, Reuters, New Jersey, ASA, White House, Microsoft, FRANCIS SUAREZ Miami Mayor, Cuban, WILL HURD Former U.S, Representative, CIA, Intelligence, Thomson Locations: New York, Florida, U.S, South Carolina, Arkansas, Southern, South Florida, East, South Asia

June 22 (Reuters) - 3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to "forever chemicals," the chemical company announced on Thursday. The company said the settlement would provide the funds over a 13-year period to cities, towns and other public water systems to test and treat contamination of per- and polyfluoroalkyl substances, or PFAS. 3M, which is facing thousands of lawsuits over PFAS contamination, did not admit liability, and said the money will help support remediation at public water systems that detect PFAS "at any level." "The result is that millions of Americans will have healthier lives without PFAS in their drinking water." 3M had been scheduled to face a test trial in South Carolina federal court earlier this month in a lawsuit brought by Stuart, Florida.

Persons: Scott Summy, Stuart, Brendan Pierson, Clark Mindock, Alexia Garamfalvi, Chris Reese, Daniel Wallis Organizations: 3M, Environmental Protection Agency, EPA, DuPont de Nemours Inc, Corteva Inc, Thomson Locations: U.S, South Carolina, Stuart , Florida, New York

☆ Titan submersible: Search crews heard banging sounds while scouring the Atlantic for manned craft now running out of oxygen
▼ + stars: | 2023-06-21 | by ( Nouran Salahieh Ray Sanchez Priscilla Alvarez | Nouran Salahieh | Ray Sanchez | ) edition.cnn.com time to read: +17 min

The banging on Tuesday first came every 30 minutes and was heard again four hours later, according to an internal government memo update on the search. The search for the missing submersible Titan has broadened to an area about two times the size of Connecticut. It was unclear when exactly the banging was heard Tuesday or how long it lasted, based on the memo. We have to keep working until we find the submersible,” Joyce Murray, minister of Fisheries, Oceans and the Canadian Coast Guard, told reporters Wednesday. If the submersible is intact, the passengers would be dealing with dwindling oxygen levels and fighting cold, he told CNN.

Persons: Jamie Frederick, ”, Frederick, Stone, ” Joyce Murray, “, Ray Scott “ Chip ” McCord, ” Scott, David Hiscock, we’ve, John Mauger, ” Carl Hartsfield, John Cabot –, Hamish Harding, Shahzada Dawood, Sulaiman Dawood, Paul, Henri Nargeolet, ” David Gallo, John’s, Gallo, ” Gallo, Joe MacInnis, who’s, Frederick didn’t, Mauger, David Lochridge, Lochridge, OceanGate, Oceangate, ” OceanGate, Suleman Dawood, Stockton Rush, J, Van Gurley, Gabe Cohen, ” Cohen, Aaron Newman, ” John “ Danny ” Olivas, ” Olivas, CNN’s Victor Blackwell Organizations: CNN, US Coast Guard, Coast Guard, Fisheries, Canadian Coast Guard, OceanGate Expeditions, Canadian Armed Forces, New York Air National Guard, U.S . Air Force, “ CBS, Naval, Oceanographic Systems Laboratory, USCG, National Oceanic, Atmospheric Administration, NOAA, Stockton Rush, Strategic Initiatives, Daylight, Horizon Services, US Navy, Facebook, OceanGate, Titan, Manned, Vehicles, Marine Technology Society, New York Times, Times, Stockton, Polar Prince, Navy, KOMO, CBS Locations: Connecticut, Canadian, Everest, NewfoundlandSaturday, Cape Cod , Massachusetts, OceanGate, Rush, Titan

☆ S&P 500's 'FOMO' rally has upside beyond 4,500, says Bank of America chart analyst
▼ + stars: | 2023-06-21 | by ( Scott Schnipper | ) www.cnbc.com time to read: +1 min

Part of Suttmeier's optimism is based on the S & P 500 price chart showing a bullish "cup and handle" formation — the cup is U-shaped and the latest three-day pullback is the handle — which serves to confirm and, perhaps even more importantly, extend the earlier advance. .SPX 1Y mountain S & P 500 performance over past 12 months. "We view the breakout above 4200 on the SPX as a FOMO rally. The net long position for asset managers in SPX e-mini futures shows a sharp increase in recent weeks to suggest that FOMO is catching on with institutional asset managers. The only caveat Bank of America offered to its bullish call was that the Nasdaq-100 , Russell 2000 , Dow Jones Industrial Average and NYSE Composite indexes have failed to break above their own resistance points, "which is a tactical risk."

Persons: Stephen Suttmeier, Suttmeier, Russell, Michael Bloom Organizations: Bank of, Bank of America, SPX, Nasdaq, Dow Jones Industrial Locations: SPX

☆ Inside Netflix's growing M&A machine, who's leading it, and what insiders think the streamer could buy next
▼ + stars: | 2023-06-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

It then delved further into M&A to kickstart its games business. And the streamer hasn't completely abandoned its build-from-within strategy, as it also announced plans last fall to build its own gaming studio in Finland. He recently was elevated to the Lstaff, a group of 25 Netflix business heads who debate its biggest initiatives. (Netflix ended up doing a partnership in 2019 with that company, Studio Dragon, and its parent CJ ENM.) But leadership has been steadfast that Netflix's M&A mantra hasn't changed.

Persons: Here's, Reed Hastings, It's, it's, who's, what's, Roald Dahl, Dahl, Peter Rabbit, Spry, Harry Potter, execs, Spencer Wang, Michael Porter, Spencer Neumann, who'd, Neumann, Wang, Greg Peters, Ted Sarandos, Bela Bajaria, Scott Stuber, Mike Verdu, Jay MacDonald, Digiday, Ana Milicevic, Hastings, Sarandos, CJ ENM, Mario Organizations: Netflix, stoke, Paramount, Night School, Spry Fox, Disney, Warner Bros, DC Comics, Digital Capital Advisors, MLB, Surf League, Street Journal, Microsoft, Sparrow Advisers, MGM, Amazon, Mario Bros, Activision Blizzard, Epic Games, UBS Locations: Finland, New Jersey, Hollywood

☆ Exclusive: How this under-the-radar VC landed a $27 million third fund and bets in some of the buzziest startups like Jasper and Motherduck
▼ + stars: | 2023-06-21 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

Essence VC has raised its third fund of $27 million from LPs like Cendana and Sapphire Ventures. The fund has bet on buzzy startups like generative AI darling Jasper and a16z-backed Motherduck. And now, his firm Essence VC has just raised its $27 million third fund. The latest fund, backed by VC firms and funds of funds including Cendana Capital, Vintage Investment Partners, Sapphire Ventures, Level Ventures, and Crossover, follows a $7 million and $1 million fund. However, the "first-mover advantage" for startups also holds true in the land of VC, Chen says.

Persons: Jasper, Tim Chen, you've, Liz O'Sullivan, Vera, Chen, Scott Shi, —, Chi Zhang, Tim, Zhang, funder Chen, Christos Kozyrakis, Michael Huang, They're, it's, Ben Van Roo, Van Roo, Chen wasn't Organizations: Sapphire Ventures, Cendana, Vintage Investment Partners, Level Ventures, Founders, Stanford, Cloudera, Google Locations: a16z

☆ MLB roundup: Royals erase 6-run deficit, stun Angels
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +10 min

Bobby Witt Jr. led Kansas City's comeback with two-run hits in both the seventh and eighth innings as the Royals plated three in each frame to tie the game. Aroldis Chapman (2-2) earned the win, striking out three in the ninth as the Royals snapped a 10-game losing streak. Snell (3-6) allowed two hits and three walks while equaling his season high with 12 strikeouts. He worked six innings and allowed one run on four hits, with no walks and four strikeouts. Christian Walker added a two-run homer and Lourdes Gurriel Jr. hit a solo shot for the Diamondbacks, who have won two straight games following a three-game slide.

Persons: Samad Taylor, Salvador Perez, Taylor, Scott Sewell, Read, Samad Taylor's, Bobby Witt Jr, Brandon Drury, Shohei Ohtani, Aroldis Chapman, Zach Remillard, Elvis Andrus, Ty France snared Andrus, grounder, Jake Burger, Andrew Benintendi, Andrus, Tayler Saucedo, Paul Sewald, Remillard, J.P, Crawford, Blake Snell, Josh Hader, LaMonte Wade Jr, Davis, Brandon Crawford, Alex Wood, Bobby Miller, Miller, Alex Kirilloff, Ryan Jeffers, Brent Headrick, Joey Wentz, Zack Short, Justin Steele, Nico Hoerner, Mike Tauchman's, Steele, Josh Jung, Dane Dunning, Jonah Heim, Corey Seager, Dunning, Trevor Richards, Daulton Varsho, Joey Wendle, Bryan De La Cruz, Luis Garcia, Jeimer, Chad Kuhl, Kyle Schwarber, Cristian Pache, Andrew Vasquez, Jeff Hoffman, Ken Waldichuk, Wade Miley, Joey Wiemer, Miley, Peter Strzelecki, Hoby Milner, Elvis Peguero, Trevor Megill, Blake Perkins, Rowdy Tellez, Carlos Santana, Matt Olson, Bryce Elder, Ryan McMahon, Albies, Elder, Connor Seabold, Mike Moustakas, Will Benson, Jonathan India slugged, Hunter Greene, Yainer Diaz, Jose Altuve, Altuve, Paul Goldschmidt, Louis, Brendan Donovan, Jordan Walker, Dylan Carlson, Donovan, Brandon Nimmo, Luis Guillorme, Brett Baty, Jake McCarthy, Corbin Carroll, Christian Walker, Lourdes Gurriel Jr, Andres Gimenez, Steven Kwan, Amed Rosario Organizations: Kansas City Royals, Los Angeles Angels, Kauffman, Royals, Kansas, Angels, White Sox, Mariners, Chicago, Seattle, nab, Padres, Rays, San Diego, Tampa Bay, Giants, Dodgers, Los, longtime National League West, Los Angeles, Tigers, Minnesota, Twins, Detroit, Cubs, Orioles, Baltimore, Rangers, Blue Jays, Texas, Toronto, Marlins, Miami, National League East, Washington, Phillies, Athletics, Philadelphia, Oakland, Brewers, Pirates, Milwaukee, Pittsburgh, Braves, Rockies, Atlanta, Colorado ., Reds, Astros, Houston, The Reds, Cardinals, Mets, Diamondbacks, Cleveland, Guardians, Thomson Locations: Kansas City , Missouri, USA, Snell, Tampa, Francisco, Los Angeles, Minneapolis, Arlington , Texas, Colorado, Cincinnati, New York, Arizona, Phoenix

☆ Wall Street prepares for more gains this month after past week's breakout
▼ + stars: | 2023-06-16 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

For now, it's not a brighter economic picture or an exuberant earnings outlook pushing stocks higher. Another reason that some investors have come back to stocks is simply because the S & P 500 ended the week more than 23% above last October's low. "The next level of resistance is above 4,500 on the S & P. Historically, the market gains 14.5% on average between the 20% threshold level and the next decline of 5% or more. "Inflation peaked in June of last year and has been rapidly declining over the past 12 months. Trading the week after is often treacherous, Hirsch said, with the Dow Jones Industrials falling in 27 of the past 33 years and the S & P 500 down in 23 of 33 years.

Persons: it's, Sam Stovall, Clinton, Wells Fargo, Chris Harvey, Harvey, Jay Hatfield, Price, CarMax, Stovall, Jeffrey Hirsch, Hirsch, Dow Jones Industrials, York Fed's John Williams, Jerome Powell, Philip Jefferson, Lisa Cook, Adriana Kugler, Avid Bioservices, Patterson Cos, Christopher Waller, Michael Bloom, Fred Imbert, Alex Harring Organizations: Fed, CFRA, Microsoft, Infrastructure Capital Management, Consumer, PPI, FedEx, Darden, Dow, Housing, Financial, Enerpac, Avid, Banking, Accenture, Commercial Metals, P, PMI Locations: New York, York, Dublin

☆ Microsoft's stock hits record after executives predict $10 billion in annual A.I. revenue
▼ + stars: | 2023-06-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft shares climbed to a record Thursday after analysts at JPMorgan Chase touted the software maker's growth prospects in artificial intelligence. AI has been a hot topic all year, after Microsoft-backed OpenAI in November released the ChatGPT chatbot, which quickly went viral. In the past four quarters, Microsoft has generated almost $208 billion in total revenue. Negative sentiment around cloud growth and a contracting PC market led to pessimism on Wall Street last year. But the excitement around AI in addition to the cost-cutting measures that tech companies implemented produced a renewed bullishness.

Persons: Bing Chatbot, Satya Nadella, Amy Hood, Kevin Scott, Hood, Scott, MSFT Organizations: Microsoft, JPMorgan Chase, Nasdaq, Tech, JPMorgan, Security Locations: OpenAI

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