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The documents give the first full look at Bankman-Fried and his allies' contributions to so-called "dark money" organizations. While Bankman-Fried quietly funded more conservative dark money groups behind the scenes, he publicly cultivated a profile that was clearly aligned with the Democratic Party. Prosecutors on Monday filed into evidence a list of organizations that received money from Bankman-Fried and those close to him. The documents show that Bankman-Fried was clearly the lead "dark money" donor among the listed former FTX executives and the company itself. The list that prosecutors made public this week shows Bankman-Fried's "dark money" donations were closer to $47 million during the 2022 cycle alone.
Persons: Sam Bankman, Mitch McConnell, Chuck Schumer, Nishad Singh, FTX's, Fried, Barbara Fried, FTX, Ryan Salame, Salame, Caroline Ellison, Ellison Organizations: FTX, Democratic, Republican, Democratic Party, Washington , D.C, Prosecutors, Alameda Research, Bankman, Federal, Commission Locations: Manhattan, New York City, Ky, Washington ,, Bankman, Alameda, Washington
CNN —The Biden administration on Friday laid out the details of a $105 billion national security package that includes military and humanitarian assistance for the conflicts in Ukraine and Israel. House Republicans are still struggling to unite behind a speaker to lead their conference, and until one is elected, the national security package will remain in limbo. The Biden administration’s prior request for $24 billion in Ukraine aid was not included in a stopgap government funding measure Congress approved in late September. Here’s what’s in the package, according to the White House:$61.4 billion in aid for Ukraine$30 billion for the Defense Department for equipment for Ukraine and the replenishment of US stocks. $10 billion for humanitarian assistance$9.15 billion for aid for Ukraine, Israel, Gaza and other humanitarian needs.
Persons: CNN —, Biden, Joe Biden, Here’s Organizations: CNN, House Republicans, Ukraine, White, Defense Department, National Nuclear Security Administration, Israel, Iron, State Department, West Bank, Treasury Department, World Bank Locations: Ukraine, Israel, Gaza, Mexico, Taiwan, Congress, Europe, assertiveness, China
Elon Musk, chief executive officer of SpaceX and Tesla, and owner of X. formerly known as Twitter. Tesla shares dropped more than 15% over the last few days to close the week at $211.99 after CEO Elon Musk waxed pessimistic about macroeconomic issues on a third-quarter earnings call Wednesday. It marks the worst week for Tesla stock of the year, although shares of the electric automaker are still up 96% year-to-date. For the period ending Sept. 30, 2023, Tesla reported $23.35 billion in revenue and $1.85 billion in profits, a decline versus the prior quarter. His forecast still implies more than a 56% upside in a note out after the Q3 Tesla call.
Persons: Elon Musk, Tesla, Musk, Didi, it's, Vaibhav Taneja, We've, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Toni Sacconaghi, Bernstein Organizations: SpaceX, Tesla, CNBC Pro Locations: U.S, China
Several attendees in the virtual meeting noted that U.S. corn yield has landed below USDA’s trend yield for five consecutive years now, prompting questions as to whether the calculation will be revisited for future seasons. The market’s main grievance with the recent yield pattern is that negative price implications could arise if trend yield starts out too high, since it may cause U.S. corn supplies to be overstated early on. Trend yield is set forth by USDA’s World Board and is based off a publicly documented model written in 2012. They also suggested that consecutive bad weather years can skew the view of true trend yield. In the last five years including 2023, corn yield fell below trend in each year and by an average of 6.1 bpa (3.4%).
Persons: Daniel Acker, Karen Braun, Marguerita Choy Organizations: REUTERS, Rights, U.S . Department, USDA’s, Agency, USDA, Reuters, Thomson Locations: Tiskilwa , Illinois, U.S, Rights NAPERVILLE , Illinois
Average annual contributions to premiums For single coverage For family coverage $23,968 total $25,000 $25,000 Worker contribution Employer contribution 20,000 20,000 15,000 15,000 $6,575 worker share $8,435 total 10,000 10,000 5,000 5,000 $1,401 worker share 0 0 2000 '05 '10 '15 '20 2000 '10 '20 Average annual contributions to premiums For single coverage For family coverage $23,968 total $25,000 $25,000 Worker contribution Employer contribution 20,000 20,000 15,000 15,000 $6,575 worker share $8,435 total 10,000 10,000 5,000 5,000 $1,401 worker share 0 0 2000 '05 '10 '15 '20 2000 '10 '20 Average annual contributions to premiums Worker contribution Employer contribution For single coverage $8,435 total $10,000 5,000 $1,401 worker share 0 2000 '05 '10 '15 '20 For family coverage $23,968 total $25,000 20,000 15,000 $6,575 worker share 10,000 5,000 0 2000 '10 '20 Average annual contributions to premiums Worker contribution Employer contribution For single coverage $8,435 total $10,000 5,000 $1,401 worker share 0 2000 '05 '10 '15 '20 For family coverage $23,968 total $25,000 20,000 15,000 $6,575 worker share 10,000 5,000 0 2000 '10 '20Inflation came for your healthcare this year. Next year is looking to be just as bad. The cost of employer health insurance rose this year at the fastest clip since 2011, according to an annual survey from KFF, a healthcare research nonprofit. The 7% jump in the cost of a family plan brought the average tab to nearly $24,000—more than the price for some small cars.
Locations: KFF
National Oilseed Processors Association (NOPA) data on Monday revealed U.S. soybean oil stocks among NOPA members totaled 1.108 billion pounds as of Sept. 30. A mid-year drawdown of U.S. soyoil stocks is common, but this year’s pace is unusual. The U.S. Department of Agriculture projects total domestic soybean oil use at a record 27.45 billion pounds in 2023-24, which began Oct. 1. The most actively traded Chicago soybean oil futures are at three-year lows for the date, down 20% from a year ago. Most-active CBOT soybean oil futuresRISING IMPORTSU.S. soybean oil stocks may be falling, but both the reduction in exports and influx of vegetable oil from overseas have been somewhat offsetting.
Persons: Jason Lee, Stocks, Karen Braun, Miral Organizations: Industry, Trade Co, REUTERS, Rights, Oilseed Processors, U.S . Department of Agriculture, NOPA, U.S, Higher, USDA, Reuters, Thomson Locations: Qufu, Shandong province, China, Rights NAPERVILLE , Illinois, U.S, Chicago, United States, USDA
The stock market is showing signs of shaking off its late summer slump, paving the way for a potential year-end rally. The S & P 500 is up more than 3% since Oct. 3 and has risen comfortably above its 200-day moving average near 4,200. And other indexes that try to better represent the entire market than the S & P 500 are showing weakness, according to a Monday note from Strategas strategist Chris Verrone. "These have been very messy charts, but both the equal-weight S & P and the Russell 2000 are again back to negative standing in our proprietary trend model," Verrone said. "The S & P 500 continues to track its seasonal tendency as well.
Persons: JC O'Hara, Roth MKM, Jonathan Krinsky, Chris Verrone, Russell, Verrone, Verrone's, Jason Trennert, Frank Gretz, Wellington Shields, Gretz, Oppenheimer, Ari Wald, " Wald, — CNBC's Michael Bloom Organizations: Wall, Nasdaq, Wellington, CNBC Locations: U.S, uptrends
Three of the 11 Crop Watch producers increased their corn yield expectations this week, the most notable coming in eastern Iowa. A 3.77 for average Crop Watch corn yield is still below what was expected in July and August, and it would land above the 2022 yield but below that of 2021. Producers in Indiana and western Iowa also increased their Crop Watch corn expectations this week based on results from other fields. Final Crop Watch soybean yield for 2023 is likely to end at 3.5, up from 3.48 a week earlier. Only five of the 22 Crop Watch fields have yet to be touched, all corn: Both Dakotas, western Iowa, Indiana and Ohio.
Persons: Karen Braun, Matthew Lewis Organizations: . Crop Watch, Crop Watch, Producers, Reuters, Thomson Locations: NAPERVILLE , Illinois, Nebraska, Minnesota, Ohio, Indiana, Iowa, North Dakota, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County
We asked two successful investors under 30, each with a net worth of over six figures, which apps they use. Tiffany James uses TD Ameritrade's thinkorswim and Imani Porter uses Charles Schwab. Now, she teaches other young Black women to invest their money and grow their net worth as well. According to records reviewed by Insider, her net worth is $199,000 between I-bonds, stock investments, and retirement accounts. When I was really new to investing, Schwab would answer all my questions so patiently!"
Persons: Tiffany James, Ameritrade's thinkorswim, Imani Porter, Charles Schwab, , James, she's, Porter, thinkorswim Tiffany James, thinkorswim, Read, Schwab Organizations: Service, Ameritrade
During that week, money managers cut their net short in CBOT corn futures and options to 112,691 contracts from 159,433 a week earlier, marking their biggest round of net buying since late July. Managed money net position in CBOT corn futures and optionsDecember corn futures had reached their U.S. harvest lows by mid-September in 2016, 2018 and 2019, and so far, the harvest low for December 2023 corn sits on Sept. 19 at $4.67-3/4 per bushel. Money managers have not held a bearish soy view since April 2020 but have come close a couple times. Managed money net position in CBOT soybean futures and optionsHowever, overall speculators’ soybean net short was preserved through Oct. 10 as other reportable traders were only slight net buyers during the week. That small net short was established in the prior week for the first time since March 2020.
Persons: Gleb Garanich, Wheat, Karen Braun, Deepa Babington Organizations: REUTERS, Rights, U.S ., U.S . Department, Agriculture’s, USDA, U.S . Renewable, Reuters, Thomson Locations: Bilohiria, Khmelnytskyi, Ukraine, Rights NAPERVILLE , Illinois, Chicago
In this article COSTMUINTCMETAAMZN Follow your favorite stocks CREATE FREE ACCOUNTAn Amazon delivery truck at the Amazon facility in Poway, California, Nov. 16, 2022. Investors seeking a sense of direction can turn to analysts who identify companies that have lucrative long-term prospects and the ability to navigate near-term pressures. To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. JPMorgan analyst Doug Anmuth noted the recent sell-off in AMZN stock and highlighted certain investor concerns. Also on investors' mind is Amazon Web Services' growth, with multiple third-party data sources indicating a slowdown in September.
Persons: Sandy Huffaker, Wall, Doug Anmuth, Anmuth, TipRanks, Needham, Quinn Bolton, Bolton, Sidney Ho, Ho Organizations: MU, Reuters Investors, Investors, JPMorgan, Federal Trade, Meta, Meta Connect, Intel, Systems Business, PSG, Bolton, TipRanks, Micron Technology, Deutsche Bank, Micron, Costco Locations: Poway , California
LOS ANGELES, Oct 15 (Reuters) - Pop singer Taylor Swift ruled movie box offices over the weekend as her concert film transformed darkened theaters into dance floors and hauled in an estimated $126 million-plus around the world. Moviegoers dressed in concert T-shirts and sequins for screenings of "Taylor Swift: The Eras Tour." That would surpass the $73 million that Justin Bieber's 2011 release "Never Say Never," the current record holder for a concert film, collected over its entire run. "This is a superstar debut," Jeff Bock, senior box office analyst at Exhibitor Relations Co., said of Swift's film. Fans pass by an image of Taylor Swift as they enter a cinema to watch Taylor Swift's Eras Tour concert movie in Mexico City, Mexico October 13, 2023.
Persons: Taylor Swift, Justin Bieber's, Jeff Bock, Taylor, Alexandre Meneghini, Swift, Stephanie Gaudette, CinemaScore, Beyonce, Lisa Richwine, Bill Berkrot, Lisa Shumaker, Deepa Babington Organizations: Hollywood, AMC, Relations, REUTERS, Ticketmaster, Theatre, SoFi, Rotten, National Association of Theatre Owners, Thomson Locations: Brazil, South Korea, Malaysia, Mexico City, Mexico, Hollywood, Los Angeles
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/autos/why-being-an-auto-worker-isnt-as-lucrative-as-it-used-to-be-in-charts-b401de9f
Persons: Dow Jones
1 corn exporter to Brazil last year when the South American country harvested a breakthrough crop, just months after China gave the green light to Brazilian corn imports. The U.S. Department of Agriculture on Thursday maintained 2023-24 Brazilian corn production at 129 million metric tons, identical to the initial May projection. Conab predicts Brazil’s second corn harvest, which supplies the country's exports, could fall nearly 11% on the year to 91.2 million tons. China, like the United States, is winding down its 2023-24 corn harvest. On an October-September basis, USDA sees 2023-24 Brazilian corn exports at 59 million tons versus 53.7 million in 2022-23, and U.S. shipments are pegged at 52.5 million tons in 2023-24 versus 43 million in 2022-23.
Persons: Farmer Roger Hadley, John Deere, Bing Guan, Conab, Brazil Karen Braun, Karen Braun, Matthew Lewis Organizations: REUTERS, Rights, United, U.S . Department of Agriculture, El, USDA, U.S, USA, Brazil, Reuters, Thomson Locations: Woodburn , Indiana, U.S, Rights NAPERVILLE , Illinois, United States, Brazil, China, USDA, Northern, Southern, Mexico, Japan
China’s Teetering Local Debt Mountain, in Six Charts
  + stars: | 2023-10-13 | by ( Nathaniel Taplin | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/chinas-teetering-local-debt-mountain-in-six-charts-d050700f
Persons: Dow Jones
Global market reaction to a week of war in Israel
  + stars: | 2023-10-13 | by ( Marc Jones | ) www.reuters.com   time to read: +3 min
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Oct 13 (Reuters) - Below are five charts showing the volatile response of global financial markets to this week's war between Israel and Hamas. 1/TAKING STOCKMSCI's main world stocks index (.MIWD00000PUS) has reacted to the conflict by notching up its best week in almost two months. But that may have more to do with global bond market borrowing costs which - after rising sharply and knocking the confidence of equity markets - have seen their biggest weekly drop since early June. Its more than 3% drop marks its biggest weekly fall since February when concerns about rule of law changes were still raw. Investors use CDS either as a protection tool or to speculate and this week the cost of buying Israel CDS has surged 80%.
Persons: Brendan McDermid, Israel, Brent, Moody's, Fitch, Marc Jones, Mark Potter Organizations: New York Stock Exchange, REUTERS, Federal Reserve, European Central Bank, GAS, Reuters, CDS, Thomson Locations: New York City, U.S, Israel, Iran, United States, Moscow, Ukraine, India
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/banking/how-banks-deposit-pressures-could-get-worse-in-three-charts-3b59c51d
Persons: Dow Jones
NEW YORK (AP) — Troye Sivan was initially going to begin his third full-length album with a ballad, a wistful song looking back at lost love. “It was a feeling that I knew that I was feeling in life that I hadn’t yet managed to distill,” Sivan says. And I’m really happy about that.”The new album has the potential to cement Sivan among today's pop elite. “I didn’t really feel the pressure to prove anything this time around,” he says. Whereas now I’m like, ‘No, this sounds really cool and I love it.’ So I want to I want to just go for it," Sivan says.
Persons: — Troye Sivan, Frisky, , , Rush, ” Sivan, , , , I’m, “ Bloom, Ariana Grande, Alessia Cara, Charli, Zedd, Betty Who, Sivan, Ian Kirkpatrick, ” ___ Mark Kennedy Organizations: , Sivan Locations:
Americans are still shelling out cash for discretionary spending, despite concerns of a weakening consumer. Total card spending is likely up 4.5% year-per-year over the past 3 months, Bank of America forecasted. Americans likely ran out of their excess savings last quarter, the San Francisco Fed previously estimated. Bank of AmericaBofA's spending data paints a promising picture of a consumer that's humming along despite an uncertain economic outlook. According to a study from the San Francisco Fed, Americans may have run out of their excess savings at the end of last quarter.
Persons: , BofA, bode Organizations: Bank of America, San Francisco Fed, Service, Labor, San Francisco Locations: San Francisco Fed
CNN —Target is closing nine stores in four metropolitan areas: the San Francisco Bay Area, Portland, Seattle, and New York. Here are four charts showing what retailers are facing in those areas where Target is closing stores. The six counties where Target is closing stores saw exoduses in high earners larger than the average for similar counties. Census data also shows that the six counties where Target is closing stores had a higher percentage of remote workers compared to their states as a whole. In the markets where Target is closing stores, the shortages persist.
Persons: it’s, David Johnston, Connor O’Brien, , O’Brien, ” O’Brien, Johnston Organizations: CNN, Coresight Research, National Retail Federation, Economic, Group, McKinsey, Department of Commerce, of, Labor Locations: San Francisco Bay Area, Portland, Seattle, New York, it’s, O’Brien
The typical rent in the US climbed 3.2% year-over-year to hit $2,047 in September, Zillow data shows. AdvertisementAdvertisementThe typical US monthly rent payment climbed to $2,047 in September, according to Zillow data. While the total monthly bill is higher on average, the rate of rent price growth has slowed down for 19 consecutive months. Typical monthly rent prices hit $1,281 in January 2015, $1,446 in January 2018, and $1,594 in January 2021. AdvertisementAdvertisementOut of the 50 largest US metropolitan areas, September rents climbed the most month-over-month in Milwaukee (0.8%), Virginia Beach (0.8%), and Philadelphia (0.7%).
Persons: , Zillow, hunkering Organizations: Service, Federal Reserve, Austin Locations: Milwaukee, Virginia Beach, Philadelphia, Memphis, Orlando, economize
If you were a millennial, brought up amid secondhand smoke in homes and restaurants in the ’80s and ’90s (like this writer), Juul’s rise might not have felt so alarming. But if you were a teenager, Juul’s impact was immediately striking — and likely unnerving for your parents — as explored in a new Netflix docuseries. “Big Vape” neither neatly ties up Juul’s troubles nor addresses the company’s motives. Bulls***t.”“Big Vape: The Rise and Fall of Juul” is out now on Netflix. Watch: “Thank You for Smoking” (2005)This Jason Reitman-directed black comedy follows Big Tobacco lobbyist Nick Naylor (Aaron Eckhart), who spins, spins, spins the narrative by any means necessary, his job at odds with his role as parent to a 12-year-old.
Persons: R.J . Cutler, , Juul, Gabby Jones, James Monsees, Adam Bowen, David Pierce —, Pierce, Juul’s splashy, “ James, Adam, , Jamie Ducharme, — Bella Hadid, Dave Chapelle, Adele, Jennifer Lawrence, ” Chase Amiratta, Spencer Platt, , ’ ”, Erica Halverson, Jamie Ducharme’s, Stanford grads ’, , Jason Reitman, Nick Naylor, Aaron Eckhart, Pets.com ”, Pets.com, Anna Lembke, Dr Organizations: CNN, Netflix, Juul Labs, Food and Drug, Apple, Bloomberg, Getty, Washington D.C, Bulls, Stanford, ., Big Tobacco Locations: , New York , California , Massachusetts, New Mexico , Illinois, Colorado, Washington, Juul
A UPS worker says he started out making $9.50 an hour and now earns $100,000 at the company. The delivery driver says new drivers may be disappointed since it takes years to earn the top wage. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with a 39-year-old UPS delivery driver from Arizona. I started as a warehouse worker in 2002 at 18 years old making $9.50 an hour and eventually got promoted to a delivery driver making about $100,000 a year — the maximum $44 an hour wage. When people apply to become a UPS delivery driver, they may be disappointed because it takes years of hard work to make anywhere close to that amount.
Persons: , I've, I'd, we're Organizations: UPS, he's, Service, Disney Locations: Arizona, U.S
Ireland top for turnovers, Argentina have worst scrum
  + stars: | 2023-10-11 | by ( Mitch Phillips | ) www.reuters.com   time to read: +3 min
Of the eight quarter-finalists, Ireland have won the most turnovers per game (5.3) and average less than 10 penalties per game (9.3) - ranking third. They have the second-best lineout success (91%), second-best tackle success and conceded the fewest penalties (eight). Their scrums had the second-worst success rate and they are fifth for lineout success, though they have made the most lineout steals (2.3). They are joint-worst with Fiji in turnovers conceded (17) and four out of 10 possessions end in an error. Traditional fans of Argentina will be horrified to see that they have worst scrum success (80%) and have won fewest turnovers but in attack they have the fastest average ruck speed (3.37 seconds) and the most rucks under two seconds (37%).
Persons: Mitch Phillips, Christian Radnedge Organizations: World Rugby, Ireland, New Zealand, Fiji, Thomson Locations: MARSEILLE, France, Italy, Uruguay, Ireland, Argentina, Wales
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/how-surging-yields-brought-the-stock-rally-to-a-halt-in-8-charts-64a46797
Persons: Dow Jones
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