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☆ American CEOs are 'failing' their workers right now, says Harvard expert: 'We're in a crisis of trust'
▼ + stars: | 2023-05-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

"We're in a crisis of trust in leadership," Sandra Sucher, a Harvard Business School professor who studies layoffs and trust, tells CNBC Make It. "Leaders of all kinds ... are failing some of the basic expectations that people have for how they should be treated." People just don't want to be led astray or lied to," says Kelly, 28, the CEO and founder of fitness content startup Curastory. Tiffany Kelly, CEO and founder of fitness content startup Curastory. The past two years revealed the leaders who are truly focused on the well-being of their workers, versus the ones who are focused on the bottom line.

Prince William honored his father with a few words during Sunday night's concert - the first ever to be staged at Windsor Castle, home to monarchs for almost 1,000 years. Royals dance the night awaySeveral members of the royal family got their groove on throughout the concert. Chris Jackson/Getty ImagesMesmerizing drone displayA fabulous drone display lit up the sky over the coronation concert, earning audible gasps from the crowd below. Crowds watch illuminated drones creating a light display above Windsor Castle. But when Miss Piggy, dressed in a cerise pink evening dress and glittering necklace, recognized “Downton Abbey” star Bonneville she had other things in mind, thinking he was a real lord.

☆ ‘A Trump tribute act’: Meet Suella Braverman, the commander-in-chief of Britain’s culture wars
▼ + stars: | 2023-05-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +14 min

London CNN —Late last year, after a breakneck ascent of British politics put her in charge of the country’s migration, crime and national security agenda, Suella Braverman revealed her political fantasy. Leon Neal/Getty ImagesAnd she is an equally furious culture warrior, borrowing rhetoric from the American right when lambasting “woke” culture, transgender rights and climate protesters. Sameer Al-Doumy/AFP/Getty ImagesIt is a stance that has drawn sharp criticism – including from within the traditional wing of Braverman’s Conservative Party. Should Braverman succeed at her next bid for the party leadership, her critics fear another rightwards shift in British politics. “She’s recognized that in the current political climate, her way of creating an impact… (is) positioning herself as a Trump tribute act.

UFC 288 will stream live from Newark, New Jersey, on May 6, with bantamweight champion Aljamain Sterling set to defend his title against Henry Cejudo. The main card of UFC 288 will be a pay-per-view event, and you can order it to watch on ESPN+ for $80. How to watch UFC 288 in the USYou can watch the main event of UFC 288 on ESPN+ at 10 p.m. Ways to save on the UFC 288 pay-per-view priceIf you plan on signing up for ESPN+ to watch UFC 288, you can snag a discounted package. How to watch UFC 288 in CanadaIn Canada, UFC 288 will be available to watch from multiple pay-per-view TV providers, including Bell, Rogers, Shaw, and Telus.

☆ Crowds gather in London for moment in history as King Charles is crowned
▼ + stars: | 2023-05-06 | by ( ) www.cnbc.com time to read: +7 min

Well-wishers gather along the path that Britain's King Charles and Queen Consort Camilla will travel during the procession marking their coronation along the main streets of London, Britain, May 5, 2023. His second wife Camilla, 75, will be crowned queen during the two-hour ceremony which, while rooted in history, will attempt to present a forward-looking monarchy. People, royalists and royal fans gather along The Mall in preparation for the Coronation of King Charles III on 5th May 2023 in London, United Kingdom. Much of the ceremony will feature elements that Charles' forebears right back to King Edgar in 973 would recognize, officials said. People, royalists and royal fans shelter under umbrellas and waterproofs as torrential rain arrives as people gather along The Mall in preparation for the Coronation of King Charles III on 5th May 2023 in London, United Kingdom.

☆ Bayern without injured Choupo-Moting, Stanisic against Werder
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

MUNICH, Germany, May 5 (Reuters) - Bundesliga leaders Bayern Munich will be without injured striker Eric Maxim Choupo-Moting and defender Josip Stanisic when they travel with a "decimated squad" to Werder Bremen on Saturday, coach Thomas Tuchel said on the eve of the match. "He is feeling the knee and it causes discomfort," Tuchel said of Choupo-Moting's nagging injury. "He will out for about two weeks but two weeks at this stage are a lot and the number of matches is not increasing. Bayern reclaimed the lead last week with a win over Hertha Berlin as Dortmund slipped up against VfL Bochum with a draw. We have the chance to up the ante now but we cannot allow ourselves any more ups and downs," Tuchel said.

☆ Jeffrey Epstein's connection to web of ultra-wealthy exposed in bombshell report
▼ + stars: | 2023-05-05 | 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 EmailJeffrey Epstein's connection to web of ultra-wealthy exposed in bombshell reportKhadeeja Safdar, Wall Street Journal reporter, joins 'Last Call' to discuss the Wall Street Journal's bombshell report that linked Jeffrey Epstein to a large web of the ultra-wealthy including Bill Gates and Leon Black.

☆ A College President Defends Seeking Money From Jeffrey Epstein
▼ + stars: | 2023-05-05 | by ( Vimal Patel | ) www.nytimes.com time to read: +1 min

It may seem, at first blush, an unlikely connection: Leon Botstein, the president of Bard, one of the country’s most progressive colleges, and Jeffrey Epstein, the disgraced billionaire accused of sexually abusing teenage girls. But reporting from The Wall Street Journal this week showed that Dr. Botstein did not just pursue Mr. Epstein hoping to raise money, he did so repeatedly. He made frequent visits to Mr. Epstein’s Upper East Side townhouse, and Mr. Epstein and his entourage hopped by helicopter to Bard’s lush campus in the Hudson Valley. Dr. Botstein said in interviews with The New York Times that the visits were all about funding for Bard — for the school’s commitment to social justice, its prisoner education program, its liberal arts mission. Capitalism is a rough system.”

☆ Spanish coal mine operator gets four-year prison sentence for environmental damage
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

MADRID, May 5 (Reuters) - Spain's Supreme Court upheld a four-year prison sentence and a 24-million-euro ($26.44 million) fine handed down to a local businessman for environmental damage caused while operating an open-cast coal mine in northern Spain. The court said the mine's activity damaged more than 400 hectares of land and that Alonso made no effort to repair it. Alonso, in a previous court hearing, had said he had not been aware of the extent of the damage caused by his company. Coto Minero Cantabrico was previously known as Minero Siderurgica de Ponferrada. ($1 = 0.9076 euros)Reporting by Emma Pinedo; editing by Charlie Devereux and Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Director of National Intelligence (DNI) Avril Haines testifies during a Senate Armed Services Committee hearing on "Worldwide Threats" at the U.S. Capitol in Washington May 10, 2022. In January, Treasury Secretary Janet Yellen notified Congress that the U.S. government started to use extraordinary measures to fend off default. Since 1960, Congress has raised the debt ceiling 78 separate times under both Republican and Democratic presidents. Read more: What is the debt ceiling? Such brinksmanship weakens our national security," the former Pentagon chiefs wrote in a letter.

☆ Where the royal family goes in London, from Indian restaurants to theme parks
▼ + stars: | 2023-05-02 | by ( Julia Buckley | ) edition.cnn.com time to read: +13 min

Well, they’re not, obviously – but sometimes they do put down their tiaras, leave their palaces and join the hoi polloi at restaurants, bars and even theme parks. He once called Brilliant Restaurant in Southall, west London his favorite Indian restaurant – and Gordon Ramsay is also a fan. Stuart C. Wilson/Getty ImagesBack in the noughties, party Prince Harry was a regular at Mahiki, a Tiki-themed bar-club-restaurant in Mayfair. Simon Dack/AlamyIn his memoir “Spare,” Prince Harry wrote about popping out to shop for clothes at T.K. Toby Melville/Getty ImagesThe-then Meghan Markle was apparently spied In the heart of Chelsea while she was engaged to Prince Harry, getting a facial from Sarah Chapman.

☆ Don't let the patriotic talk fool you. Here are 5 ways JPMorgan stands to win from buying First Republic Bank.
▼ + stars: | 2023-05-01 | by ( Emmalyse Brownstein | Carter Johnson | ) www.businessinsider.com time to read: +8 min

JPMorgan on Monday morning emerged as the white-knight buyer of First Republic Bank. More wealth advisors for high-net-worth clientsJPMorgan's wealth management ambitions will also get a boost from its purchase of First Republic. The smaller bank has about 150 high-end advisors who will join JPMorgan's brokerage business unit, JPMorgan Advisors. "If they can retain the wealth advisors and not lose too many more, I think it will be very advantageous. "This helps bring the bank crisis phase to the home stretch in our view," wrote Wells Fargo's Mayo.

☆ Eva Longoria shares 5 essential Mexico experiences
▼ + stars: | 2023-04-30 | by ( Marnie Hunter | ) edition.cnn.com time to read: +6 min

Editor’s Note: CNN Original Series “Eva Longoria: Searching for Mexico” airs on CNN Sundays at 9 p.m. ET/PT. Here are just five of the essential experiences Longoria recommends to Mexico visitors. “There are so many indigenous cultures still vibrant in Mexico,” Longoria said. El Tajín “is one of the best-preserved pre-Hispanic cities in Mexico,” Longoria says in the Veracruz episode. With a conchaActress reveals daily ritual when she's in Mexico City 00:40 - Source: Eva Longoria: Searching for MexicoExploring requires stamina – and maybe a little sugar and caffeine.

☆ What John Blake discovered when he met the White mother he never knew
▼ + stars: | 2023-04-30 | by ( John Blake | ) edition.cnn.com time to read: +25 min

It’s a story about my mother, and the White relatives who shunned me at birth—and still somehow became family. I now know one of the reasons my family didn’t tell me about my mom’s illness is because they didn’t know how. I vividly recall thinking as I looked at my mom: I didn’t know a White person could suffer like this. I saw White, Black, and brown people hug and call each other “brother” and “sister” after worship service. John Blake is a Senior Writer at CNN and the author of “More Than I Imagined: What a Black Man Discovered About the White Mother He Never Knew.”

☆ Florida is trying to oust an elected school superintendent who publicly criticized DeSantis
▼ + stars: | 2023-04-30 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The Florida Department of Education is investigating an elected superintendent who is a fierce critic of Gov. Leon County Schools Superintendent Rocky Hanna publicly criticized DeSantis for the governor's ban on mask mandates at schools during the height of the Covid-19 pandemic. In a letter to Hanna, Florida Education Commissioner Manny Diaz, Jr. said the department had cause to "justify sanctions against your Florida educator certificate," according to the outlet. Hanna told The Daily Beast that he believes the state's investigation stems from a letter sent by a Moms for Liberty leader to DeSantis last year. The letter the group sent to DeSantis complained about the email Hanna sent to school staff at the beginning of the school year.

But the benchmark S&P 500 (.SPX) advanced for the week as well as the day and registered a second consecutive monthly gain. For the month the S&P rose 1.5% while the Dow added 2.5% and the Nasdaq was barely higher. For the week the S&P rose 0.9% in line with the Dow's weekly gain and the Nasdaq rose 1.3%. While the S&P 500 bank index closed up 1.1%, shares in First Republic tumbled in the regular session and after the close. The S&P 500 posted 25 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 66 new highs and 136 new lows.

Chipmaker Intel Corp (INTC.O) gained 4.7% after it said gross margins will improve in the second half of the year. Analysts now expect first-quarter earnings for S&P 500 companies to fall 1.9% from a year ago compared with a 5.1% fall expected at the start of April, according to Refinitiv data. The KBW Regional Banking index (.KRX) and the S&P 500 bank index (.SPXBK) gained over 1% each. Advancing issues outnumbered declining ones on the NYSE by a 2.90-to-1 ratio; on Nasdaq, a 2.07-to-1 ratio favored advancers. The S&P 500 posted 24 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 53 new highs and 107 new lows.

Solis, 64, lives on the banks of Mexico's Villa Victoria reservoir, which supplies water to the bustling capital hours away but does not reach her own faucets. Villa Victoria is part of the Cutzamala System, the source of water for about six million people in Mexico City and the surrounding state of Mexico. Climate change, chaotic urban growth and inefficient infrastructure have strained Mexico's water supplies, pushing the Cutzamala System's stores to their lowest level in 27 years. Mexico City is also tapping alternative sources of water outside the Cutzamala System, including by replacing wells in the Zumpango area in the state of Mexico. But for people like Israel, who lives just a few minutes' drive from the Cutzamala System's water treatment plant and asked not to use his last name, the constitution's promise is increasingly distant.

☆ PricewaterhouseCoopers to Pour $1 Billion Into Generative AI
▼ + stars: | 2023-04-26 | by ( Angus Loten | ) www.wsj.com time to read: 1 min

In addition to embedding generative AI in its own operations, PwC hopes to advise other companies on how to use the technology. Photo: Leon Neal/Getty ImagesPricewaterhouseCoopers LLP plans to invest $1 billion in generative artificial intelligence technology in its U.S. operations over the next three years, working with Microsoft Corp. and ChatGPT-maker OpenAI to automate aspects of its tax, audit and consulting services. The accounting and consulting giant said the multiyear investment, announced Wednesday, includes funding to recruit more AI workers and train existing staff in AI capabilities, while targeting AI software makers for potential acquisitions.

☆ NHL roundup: Isles edge Hurricanes, extend series
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

Paul Stastny and Sebastian Aho scored the Carolina goals, and Antti Raanta recorded 19 saves. The Islanders, who began the third with a 3-1 lead, were in a protective mode in the period, producing only five shots on goal. Hintz has 11 points in the series (four goals, seven assists), surpassing Mike Modano for the most points in a playoff series in team history. Oilers 6, Kings 3Nick Bjugstad posted his first career two-goal playoff game to pace Edmonton to a victory over visiting Los Angeles, putting the Oilers one win away from claiming their Western Conference first-round playoff series. Evander Kane, Leon Draisaitl, Brett Kulak and Zach Hyman also scored for the Oilers, who hold a 3-2 lead in the best-of-seven series.

☆ NHL roundup: Oilers prevail in OT, level series with Kings
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +4 min

Kevin Fiala contributed two assists as he made his playoff debut for Los Angeles after missing the past three weeks with a lower-body injury. The Oilers erased a 3-0 deficit by scoring three straight goals in the second period. After winning both games in Sunrise, the Presidents' Trophy winners will try to clinch the series in Boston on Wednesday night. Florida got goals from Tkachuk and Sam Bennett, with the goal by Bennett Florida's first successful power play of the series. Roope Hintz collected three assists for the Stars, giving him eight points (four goals, four assists) in the series.

☆ A new book by a Pulitzer Prize winner unsuccessfully tries to take down the private equity industry and fixates on Leon Black. Here's what it gets wrong.
▼ + stars: | 2023-04-24 | by ( Jonathan A. Knee | ) www.businessinsider.com time to read: +7 min

The economic and political influence of the private equity sector has exploded in the last 20 years. It's true that few topics have attracted greater attention from not only crusading journalists but serious academics than the impact of private equity ownership. This supports their belief that private equity firms "carry very little risk if the company fails." This view of a "typical" private equity deal is simply untrue: Even back in 2005, the average loan-to-value percentage for new private equity deals was 68% — firms already contributed over 30% in equity to the deals not under 10% as claimed. 'Smart buyer, dumb seller'One of the important developments in private equity of the last decades has been the emergence of major private funds focused on technology investing.

MG Motor's hybrid eHS model is set to hit Mexico's streets on Friday, alongside two combustion-engine models, the company said. However, hybrid models could be a step forward until there is more EV investment, analysts have said. "For your day-to-day, you'll have the benefits of an electric vehicle," Daniel Nava, vice president of MG Motor in Mexico, told Reuters ahead of the announcement. Nava said the price in Mexico reflects that the model is a plug-in hybrid, which is more costly than other hybrid models, and is comparable to competitors' prices. Nava said MG Motor had been in touch with officials in Nuevo Leon as well as other states as it considered building a plant in the country.

☆ Nucor CEO explains the impact of federal infrastructure bills
▼ + stars: | 2023-04-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Nucor CEO explains the impact of federal infrastructure billsLeon Topalian, president, chair and CEO of Nucor, joins "Mad Money" to discuss the company's first quarter earnings and outlook for the business.

☆ NHL roundup: Panthers stun Bruins to even series
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +3 min

Mandatory Credit: Winslow Townson-USA TODAY SportsApril 20 - Brandon Montour scored twice as a four-goal third period led the visiting Florida Panthers past the Boston Bruins 6-3 in Wednesday's Game 2 of their Eastern Conference opening-round playoff series. Montour is the first defenseman in Panthers history to record a multi-goal game in the postseason. Brad Marchand, Tyler Bertuzzi and Taylor Hall scored for Boston, which won the Presidents' Trophy with an NHL-record 135 points in the regular season. Stars 7, Wild 3Roope Hintz had three goals and an assist to help Dallas even its Western Conference first-round playoff series against visiting Minnesota in Game 2. He worked to the left circle and ripped a screened wrist shot just inside the far post for his first playoff goal.

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