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☆ Stock tracking World Series favorite Atlanta Braves can rally more than 30%, Rosenblatt says
▼ + stars: | 2023-09-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The Atlanta Braves ' new stock is a home-run idea, according to Rosenblatt. Analyst Barton Crockett upped his price target by $7 to $49, with the new estimate implying an upside of 36.6% over Tuesday's close. "Liberty Braves shares have notched some runs batted in this year," Crockett said. Major League Baseball's Atlanta Braves have the best record in baseball at 90-47 and are currently the favorite to win the World Series, according to FanDuel. An acquisition of the now-standalone Atlanta Braves also could happen amid a trend of billionaires shelling out for sports teams.

Persons: Rosenblatt, Barton Crockett, Crockett, there's, John Malone, CNBC's Michael Bloom Organizations: Atlanta Braves, Liberty Media, Liberty Braves, League Baseball's Atlanta Braves, Braves Group, MLB

☆ Trump uses Facebook to fund presidential run, two years after Meta banned him
▼ + stars: | 2023-09-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

The Meta ad archive shows that since early June, the Trump Save America Joint Fundraising Committee spent more than $500,000 on digital Meta ads. There is no public data showing how much the Meta ads have directly raised for the Trump campaign. Trump's campaign outraised all of his Republican primary opponents in the second quarter, according to Federal Election Commission records. Some of the recent Trump ads falsely claim, for instance, that Fulton County District Attorney Fani Willis, "lets violent murderers and TRUE criminals run wild in her city." Zoom In Icon Arrows pointing outwards Source: Meta Ad Library

Persons: Donald Trump, Sam Wolfe, Trump, it's, Andrew Arenge, Arenge, Alex Conant, Sen, Marco Rubio, —, Brad Parscale, Parscale, Jack Smith, Joe Biden's, Republican Sen, John McCain, Lindsey Graham, Fani Willis, Willis Organizations: Republican, Reuters, Meta, Facebook, Trump, Trump Save America, Committee, CNBC, University of, Democrats, Republicans, Commission, NBC News, White, Inc, FEC, U.S, Capitol, Atlanta Locations: Columbia , South Carolina, U.S, Canada, New York City, Georgia, New York, Fulton County, Atlanta

At issue was whether the Republican-drawn map violated a bedrock federal civil rights law, the 1965 Voting Rights Act, that prohibits racial discrimination in voting. "We have now said twice that this Voting Rights Act case is not close," the judges wrote. Alabama's Republican Secretary of State Wes Allen in filings submitted to the lower court disclosed plans to appeal to the Supreme Court and the Atlanta-based 11th U.S. The Supreme Court in June allowed a challenge to Louisiana's congressional map to advance. The Voting Rights Act was passed at a time when Southern states including Alabama enforced policies blocking Black people from casting ballots.

Persons: Terri Sewell, Michael A, McCoy, Steve Marshall, Wes Allen, Ron DeSantis, Joseph Ax, John Kruzel, Colleen Jenkins, Bill Berkrot, Will Dunham Organizations: Republican, U.S, Supreme, Democratic, U.S . House, Democratic U.S, Selma Fire, REUTERS, Circuit, Appeals, NAACP, Republicans, Thomson Locations: U.S, Alabama, Birmingham, Selma, Selma , Alabama, Atlanta, Florida, Black

[1/3] People protest agains the controversial "Cop City" project as the clear cutting of trees begins near Atlanta, Georgia, U.S., March 31, 2023. The defendants were charged with violations of the Racketeer Influenced and Corrupt Organizations Act, commonly known as the RICO Act. "Each individual charged in this indictment knowingly joined the conspiracy in an attempt to prevent the training center from being built," the indictment reads. "The movement to prevent the development of Cop City is a fight against hundreds of years of racialized violence and ecological destruction," the website says. Clearing of the training center site has already begun, but a petition has circulated in Atlanta demanding a halt to the project pending a referendum.

Persons: Cheney Orr, Molotov, Rayshard Brooks, George Floyd, Rich McKay, Bill Berkrot Organizations: REUTERS, Rights, Atlanta, Atlanta Forest, Public Safety Training, Police, Thomson Locations: Atlanta , Georgia, U.S, Atlanta, DeKalb County, Minneapolis, Cop

Prosecutors allege the defendants are “militant anarchists” who have supported a violent movement that prosecutors trace to the widespread 2020 racial justice protests. Those events preceded the public announcement of the proposed training center by months. The “Stop Cop City” effort has gone on for more than two years and at times has veered into vandalism and violence. The majority of those indicted were already facing charges stemming from their alleged involvement in the movement. Political Cartoons View All 1142 ImagesActivists leading an ongoing referendum effort against the project immediately condemned the charges, calling them “anti-democratic.”

Persons: Chris Carr, ”, George Floyd, Rayshard Brooks, Molotov Organizations: ATLANTA, Republican, Prosecutors, Fulton Locations: Georgia, Atlanta, Minneapolis, Fulton County

☆ Analysis: US healthcare stocks roiled by investor tug of war over economy
▼ + stars: | 2023-09-05 | by ( David Randall | ) www.reuters.com time to read: +5 min

Many view healthcare as a defensive sector because it has constant demand and is somewhat insulated from the economy. In the latest week, investors pulled a net $1.4 billion from the sector, the biggest weekly outflow since May 2022. Overall, the healthcare sector - which ranges from health insurers like UnitedHealth to pharmaceutical companies like Pfizer to small biotechs - has received the third largest inflows of any sector year to date, BofA's data showed. This would weaken the case for loading up on healthcare stocks. Overall, healthcare sector earnings are expected to lag this year as COVID-related revenues decline 13% versus a 1.8% rise for the overall S&P 500.

Persons: Brendan McDermid, Bob Kalman, Emily Roland, Dan Lyons, Janus Henderson, you've, Lyons, Kalman, Joe Biden's, Margie Patel, Patel, David Randall, Ira Iosebashvili, Megan Davies, David Gregorio, Richard Chang Organizations: New York Stock Exchange, REUTERS, Atlanta Federal, BofA Global Research, Pfizer, Miramar Capital, Healthcare, John Hancock Investment Management, Janus Henderson Investors, U.S, Bristol Myers Squibb, Allspring Global Investments, Thomson Locations: New York City, U.S

☆ Goldman Sachs cuts US recession odds to 15% as economic optimism grows
▼ + stars: | 2023-09-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Goldman Sachs is increasingly confident that the US economy will stick the soft landing that many thought was nearly impossible to pull off. In a research report published Monday night, Goldman Sachs lowered its estimated chance of a US recession over the next 12 months to just 15%. Goldman Sachs pointed to “solid” job growth and rising real (inflation-adjusted) wages that should allow real disposable income to “reaccelerate” next year. The August jobs report, released late last week, showed that hiring remains solid, though it has slowed from the blockbuster pace of earlier in the post-pandemic recovery. “The August jobs report couldn’t be much better,” Moody’s Analytics chief economist Mark Zandi wrote Friday on X, formerly known as Twitter.

Persons: New York CNN — Goldman Sachs, Goldman Sachs, That’s, It’s, ”, “, Jan Hatzius, ” Hatzius, Hatzius, reaccelerate ”, Mark Zandi Organizations: New, New York CNN, Federal Reserve, Wall Street, Bloomberg, Atlanta Locations: New York

☆ A couple that works full-time earns an extra five-figures each month from the 2 franchises they own. They explain 4 keys to creating passive income through franchise investing.
▼ + stars: | 2023-09-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

To creative passive income via franchise investing, you'll want to go the executive ownership route. They bought their first franchise, a youth soccer program called Soccer Shots, in September 2018 and started profiting in their second year as owners. "I 100% think that it can be a lucrative passive income stream," Erika said of investing in a franchise. The Halls shared their top advice for creating passive income through franchise investing. "We knew from the beginning that the goal was to create passive income," said Kareem.

Persons: Erika, Kareem Hall, They've, , Kareem, —, Jon Brock, Rachael Victoria Organizations: Shots, Emory, Soccer, Primrose Schools, Soccer Shots Locations: Atlanta

☆ Newt Gingrich on Trump's enduring appeal with Republican voters: He's 'not a candidate' but the 'leader of a mass movement'
▼ + stars: | 2023-09-03 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Former President Donald Trump remains the frontrunner in the 2024 Republican presidential primary. Newt Gingrich told The Washington Post that Trump may be in the race, but he's not a "candidate." Advertisement Advertisement Watch:As former House Speaker Newt Gingrich recently told The Washington Post, Trump is simply a figure that is unlike anyone else in the Republican Party. He is the leader of a mass movement," Gingrich told the newspaper. Gingrich, who ran for the GOP presidential nomination in 2012, left an indelible mark on US government throughout his two decades on Capitol Hill.

Persons: Donald Trump, Newt Gingrich, he's, Gingrich, Donald Trump's, Nikki Haley, Vivek Ramaswamy, Ron DeSantis, Sen, Tim Scott of, Chris Christie, Asa Hutchinson, Trump, Bill Clinton, —, Clinton — Gingrich Organizations: Republican, Washington Post, Trump, Service, GOP, Gov, Republican Party, Capitol Locations: Wall, Silicon, South Carolina, Florida, Tim Scott of South Carolina, New Jersey, Arkansas, Atlanta

☆ Wall St Week Ahead Investors lower outlook for consumers as student loans, credit card debts pile up
▼ + stars: | 2023-09-01 | by ( David Randall | ) www.reuters.com time to read: +5 min

"The U.S. consumer is on thin ice coming into the final stretch of 2023," said Emily Roland, co-chief investment strategist at John Hancock Investment Management. Further declines in the labor market will likely act as a double-edged sword for investors, relieving some inflation pressures while weighing on consumer spending. Overall consumer spending rose slightly more than expected in August, while the savings rate fell to its lowest since November 2022, the Commerce Department said on Thursday. Betting against the consumer spending has so far been a losing wager. (This story has been corrected to say BNY Mellon Investment Management, not BNY Mellon, in paragraph 10)Reporting by David Randall; editing by Megan Davies and Andy SullivanOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Nordstrom, Macy's, Emily Roland, Jake Jolly, Gregory Daco, Young, Jason Draho, Sandy Villere, Mellon, David Randall, Megan Davies, Andy Sullivan Organizations: New York Stock Exchange, REUTERS, Apollo Group . Department, John Hancock Investment Management, of Labor Statistics, Commerce Department, BNY Mellon Investment Management, Treasury, Ernst, Atlanta Fed's, UBS Global Wealth Management, Royal Caribbean Cruises, Villere, Thomson Locations: New York City, Russia, Ukraine, New York, U.S

☆ Morning Bid: Early Labor Day for markets
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 1 - A look at the day ahead in U.S. and global markets from Mike DolanLabor Day comes a bit earlier for markets this year, with Friday's release of the critical August jobs report coming just ahead of Monday's end-of-season U.S. holiday. A series of updates showed private sector hiring slowing in August, while job openings fell back in July and layoffs jumped. On the flipside, more up-to-date weekly jobless claims fell again and the consensus payrolls estimate has ticked higher from 150,000 only last week. Going into Friday's report, futures markets remain split and stand 50-50 on the chances of another hike by November. And whatever they think about peak rates, markets are also grappling with the prospect of rates staying up here for some time.

Persons: Brendan McDermid, Mike Dolan, JP Morgan, Saola, Gita Gopinath, Loretta Mester, Raphael Bostic, Alexander Smith Organizations: New York Stock Exchange, REUTERS, Mike Dolan Labor, JP, Atlanta, HK, European Central Bank, Broadcom, Treasury, P Global, Cleveland Federal, Atlanta Fed, Reuters Graphics, United States Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Hong Kong, Europe

☆ Ronald Acuña Jr. makes MLB history with 30 home runs and 60 stolen bases in a single season just hours after wedding
▼ + stars: | 2023-09-01 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —It was a special day for Ronald Acuña Jr. as he made Major League Baseball (MLB) history just hours after getting married. Not only did Acuña hit this historic mark, but he did so in spectacular fashion. Acuña crushed a home run to left field off Lance Lynn and slamming a historic grand slam – home run No. Acuña crushed a grand slam to left field to give the Braves a big lead in the second. “Lived up to the hype, I guess.”Acuña celebrates after hitting his historic grand slam.

Persons: Ronald Acuña Jr, Acuña, Lance Lynn, Mark J, Terrill, ” Acuña, Acuña’s, Brian Snitker, “, Maria Laborde, we’ve, I’m, I’ve, ”, Michael Harris II Organizations: CNN, Major League Baseball, Atlanta Braves, Los Angeles Dodgers, Braves, ESPN, “, National League, Dodgers, ” Braves, National League East, MLB

☆ Thriving US makes Dollar General a tougher sell
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Aug 31 (Reuters Breakingviews) - The U.S. economy’s gain is shaping up to be Dollar General’s (DG.N) loss. Dollar General sales grew a record 16.3% when Covid-19 slammed the U.S. in 2020, but rose only 2.5% when the economy reopened in 2021. During the recession years of 2008 and 2009, sales grew 9% and 9.5%, respectively. Dollar General now reckons earnings in the year to January 2024 could fall as much as 34%, compared to a previous estimate of a drop of up to 8%. Dollar General’s valuation is still far from discounted.

Persons: Jeff Owen, Ben Winck, Pernod Ricard, Peter Thal Larsen, Sharon Lam Organizations: Reuters, Atlanta Federal, X, Microsoft, Thomson

RALEIGH, N.C. – The 2024 election promises to feature several major battlegrounds, but for sheer breadth of competitive contests, North Carolina next year will be hard to beat. Recent presidential contests in North Carolina have been close: In 2020, Donald Trump won North Carolina by about 74,000 votes out of more than 5.5 million cast. In other words, in 2024, North Carolina will be one of the centers of the political universe – important in part because it’s a uniquely competitive state. “North Carolina has proved to be a purple state, but not necessarily a swing state,” says Cooper, the political scientist. For the better part of two decades, Georgia, like North Carolina, had voted consistently Republican in key federal races – until 2020.

Persons: Donald Trump, Tricia Cotham, Roy Cooper, Cooper, Josh Stein, Mark Robinson, Stein, Robinson, ”, Chris Cooper, Kay Hagan, Barack Obama, Jon Ossoff, Raphael Warnock, Biden, Warnock, Republican George W, Bush, Gore, Charlotte don’t, Al Gore, Charlotte, “ There’s, “, Mac McCorkle, Rachel Salzberg, Carolina’s Cooper, don’t, Anderson Clayton, ” Anderson, –, Rob Schofield, Clayton, Ferrel Guillory, Robinson doesn’t, Dale Folwell, Mark Walker, Andy Wells, Jesse Thomas, he’s, Michael Bitzer, sidestepped Cooper’s, Robinson’s, McCorkle, ” John Hood, John William Pope, ” Hood, Trump Organizations: North, North Carolina, GOP, Democrat, Republican, Democratic Gov, Democratic, Gov, UNC, Duke, Western Carolina University, Republicans, Atlanta, Biden, Carolina’s, Trump, Georgia –, state’s, of Science, Technology, Innovation, Duke University's Sanford School of Public Policy, Democratic Party, Appalachian State University, The Washington Post, Senate, University of North, Dartmouth, Harvard, Catawba College, “, Affordable, John William Pope Foundation Locations: RALEIGH, N.C, North Carolina, “ North Carolina, Carolina, Georgia, Atlanta, Carolina’s Raleigh, Durham, Wake, Raleigh, Cary, Charlotte, Mecklenburg County, Atlanta’s, Texas, Mecklenburg, North Carolina’s, Clayton, Union County, University of North Carolina, Chapel Hill

☆ Companies like Goldman Sachs may want workers back in the office full-time, but most US execs think hybrid working is here to stay, study finds
▼ + stars: | 2023-08-31 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Most US executives don't expect a return to pre-pandemic office life, a study has found. Instead, they expect the number of hybrid and remote workers to increase. The study also found execs expected the number of fully in-person workers to continue to decrease. Despite the rise in return-to-office mandates, one study has found that most US executives expect remote and hybrid work to continue to grow. Instead, execs predicted the number of hybrid workers in their firm would increase by 2.2% over the next five years and the number of fully remote workers to increase by 1%.

Persons: Goldman Sachs, It's, execs Organizations: Service, JPMorgan, Tech, Meta, Google, Atlanta Federal Reserve Bank, University of Chicago Locations: Wall, Silicon, Stanford

☆ Trump asks to sever Georgia election case from co-defendants seeking speedy trial
▼ + stars: | 2023-08-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former President Donald Trump is seeking to sever his criminal election interference case in Georgia from any of his 18 co-defendants who are demanding that the case proceed quickly to trial, a Thursday court filing showed. There are "substantial adverse procedural and substantive 'effects' President Trump would endure" if he is held to the same schedule, Sadow wrote. He is set to participate in another trial starting in late September in federal court in Florida. Trump has been charged with 91 total counts in four separate criminal cases as he campaigns for the 2024 Republican presidential nomination. His lawyers in his two federal cases tried to push off his trial until after the November 2024 election.

Persons: Donald Trump, Joe Biden, Trump, Steven Sadow, Kenneth Chesebro, — Chesebro, Sidney Powell —, Chesebro, Sadow, Trump's, Fani Willis Organizations: Alabama GOP, Court, Trump, Computer, State Locations: Montgomery , Alabama, Georgia, Fulton County, Georgia's, Florida, Atlanta

☆ Georgia's GOP state legislative leaders said that calls to defund Fani Willis are 'theatrics' and impossible to accomplish
▼ + stars: | 2023-08-31 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

A handful of GOP Georgia lawmakers are trying to impeach or defund District Attorney Fani Willis. The state's House and Senate leaders, however, said the push is 'theatrics' and unlikely to succeed. The impeachment calls come after a grand jury indicted Trump in relation to the 2020 election. "We simply do not have those votes" for a special session, Gooch said, adding that it would require Democratic support. And in the event that a special session does happen, he noted that there would never be enough votes in the state Senate to impeach her.

Persons: Fani Willis, Trump, Jon Burns, Willis, Donald Trump, Burns, impeaching Willis, Steve Gooch, Gooch, Colton Moore, Moore, Jim Jordan, Andy Biggs Organizations: GOP, Service, Republican, Assembly, Atlanta Journal, Trump, Democratic, House, NBC Locations: GOP Georgia, Wall, Silicon, Georgia's, Georgia, Georgia , Florida, Washington, New York

☆ A couple invested $29,500 into buying a soccer franchise in 2018 to start making passive income. They explain how they grew to 2 locations and have done more than $1 million in revenue.
▼ + stars: | 2023-08-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

Ultimately, they went with Soccer Shots, a children's program that partners with local schools to help kids develop both soccer and life skills. The Halls bought their first Soccer Shots franchise in 2018. They also had to put together a PowerPoint presentation for Soccer Shots' executive team at the headquarters in Pennsylvania. Buying their first Soccer Shots for $29,500 plus additional start-up costsSoccer Shots officially offered the franchise to the Halls in September 2018. On average, they spend one to two hours a week working on Soccer Shots.

Persons: Erika, Kareem Hall, Kareem, they'd, that's, it's, Jon Brock, Rachael Victoria, Brock, they've, Erika Hall, That's Organizations: Soccer Shots, Emory, Bain, Accenture, Primrose Schools, Shots, Soccer Locations: Atlanta, Dekalb County, Pennsylvania, —, Covid

☆ The US economy grew more slowly in the second quarter than previously estimated
▼ + stars: | 2023-08-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —The US economy grew more slowly in the second quarter than previously estimated — a good sign for the Federal Reserve, which is attempting to cool demand to bring down price increases. Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 2.1% in the second quarter, according to the Commerce Department’s second estimate, released Wednesday morning. The second estimate factored in greater consumer spending, government outlays and exports, compared with the initial estimate. Economic growth in the second quarter was mostly broad based, but there were some signs of weakened demand for goods purchases and imports. Consumer spending, which accounts for about 70% of economic output, was revised slightly higher in the second estimate.

Persons: ”, Bill Adams, Barbie, Taylor Swift, Jerome Powell, ” Powell, Biden, Lydia Boussour, “ Organizations: DC CNN, Federal Reserve, Gross, Commerce, Consumer, Comerica Bank, The Commerce Department, Kansas City, Atlanta Fed, Fed Locations: Washington, United States, Wells Fargo, EY

Fed Chair Jerome Powell was almost brusque in his re-statement of the central bank's anti-inflation commitment at the annual Jackson Hole symposium on Friday. Tracking that rather than more-skittish policy rate futures would have proved a better guide to how subsequent months panned out and to the summer doldrums in bonds and stocks. And yet the September meeting could still be the 'big reveal' as it sees publication of the Fed's updated 'dot plot' that will likely show just where they then see the cycle crest. San Francisco Fed chart on dispersion of Fed rate projections by horizonSan Francisco Fed index of Fed uncertaintyACCIDENT OR DESIGN? As to whether the Fed is guiding everyone to safe and happy place, there continues to be sceptics about the 'soft landing'.

Persons: Jerome Powell, Jackson, that's, it's, Andrew Foerster, Zinnia Martinez, Bruce Kasman, Joseph Lupton Organizations: Federal, Reuters Graphics Reuters, Atlanta, San Francisco Fed, San, Fed, San Francisco, JPMorgan, Reuters, Thomson Locations: U.S, synch, San Francisco Fed

☆ Morning Bid: Quietly absorbing one more Fed hike
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +5 min

A sign is seen outside the 11 Wall St. entrance of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2021. Early Tuesday, futures priced almost a two-thirds chance of that additional quarter-point move in November. And yet - perhaps with the uncertainty dissipating, the economy still robust and bond markets better priced - world markets appear to be taking the tighter odds in their stride. More impressively in the circumstances, restive bond markets calmed down and bond yields continued to dial back from their highest in over a decade last week. Asia bourses more widely and European indices were higher, while Wall St futures were flat ahead of the open.

Persons: Brendan McDermid, Mike Dolan, Jerome Powell's, Jackson, Gina Raimondo, China's, Idalia, Michael Barr, JM Smucker, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Atlanta, Overseas, U.S . Commerce, Garden Holdings, Wall, U.S, Dallas Fed, Federal, Treasury, HP, Reuters Graphics, Reuters Graphics Reuters, Thomson, Reuters Locations: New York, U.S, Washington, Beijing, China, HK, Asia, Florida's, Coast, Cuba

☆ Americans are getting a little worried about inflation
▼ + stars: | 2023-08-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Americans felt more pessimistic about the economy in August, following two straight months of growing confidence. That would make it extremely hard for the Fed to bring inflation back down to 2%. Consumer attitudes are sometimes a bellwether for spending, which is mainly what economists focus on since consumer spending accounts for about two-thirds of economic output. That’s because the US economy’s strength might not be consistent with 2% inflation, the Fed’s inflation goal. But both the economy and job market also remain on strong footing, and that’s helping to keep inflation elevated.

Persons: ”, Dana Peterson, “, Jerome Powell Organizations: DC CNN, Conference Board, Labor, University of, Federal Reserve, Fed, Street, Kansas City, Atlanta Fed, Commerce Department Locations: Washington

☆ Trump Georgia prosecutor wants 'speedy trials' done together
▼ + stars: | 2023-08-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

The Atlanta district attorney prosecuting the Georgia election interference case against former President Donald Trump and 18 others asked a judge Tuesday to order that defendants granted so-called speedy trials be tried together. Fulton County DA Fani Willis also asked Judge Scott McAfee to set a deadline for defendants in the case to file requests to sever their cases. McAfee has discretion on whether to sever the cases for separate trials. But defendants soon could make similar speedy trial requests, which would require their trials to begin by Nov. 3. In her court filing Tuesday, Willis said she opposed, "at this juncture," severing the cases of defendants so that they would be tried either in 19 separate trials or in smaller groups.

Persons: Donald Trump, Fani Willis, Judge Scott McAfee, McAfee, Kenneth Chesebro, Sidney Powell, Joe Biden, Willis, Powell's, Chesebro's Organizations: Trump Locations: Atlanta, Georgia, Fulton County, Georgia's

☆ Buy the dip: HSBC says this is a great time to load up on U.S. stocks, other risk assets
▼ + stars: | 2023-08-29 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to start loading up on U.S. stocks and other risk assets, HSBC said. Investors are heading into September after what has been a weak month for equities. However, HSBC analyst Max Kettner said he does not expect any "similar broad-based sell-offs" going forward even if yields remain elevated. "So we think this presents a pretty good tactical entry point into risk assets, above all into US equities." While many economists are leaving behind U.S. recession forecasts, they still expect further weakness in Europe.

Persons: Max Kettner, Kettner, CNBC's, Michael Bloom Organizations: HSBC, Investors, Nasdaq, Atlanta Federal Locations: U.S, Europe

☆ Another inflation wave may be coming as big government spending and high energy costs push prices up, former White House economist says
▼ + stars: | 2023-08-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Inflation could rebound, thanks to high energy prices and hot economic growth. "We're going to see another inflation wave that's going to be stimulated by high growth and by higher energy prices." But there are still lingering price pressures in the economy that could bring on a resurgence of hot inflation, Hassett warned. In Hassett's view, interest rates could "for sure" rise to 6%, a level unseen since December 2000 and something that most investors likely haven't priced into assets. AdvertisementAdvertisementHigher interest rates could spell trouble for stocks and the economy as financial conditions continue to tighten.

Persons: Kevin Hassett, Trump, Hassett, There's Organizations: Service, White House, of Economic, CNBC, White, Atlanta, CPI, AAA, New York Fed Locations: Wall, Silicon

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