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Regulators have so far not mandated any minimum net worth or investor qualifications for those trading stock options, and the stock markets almost always rise each year - both recipes for higher risk-taking and complacency. The "stark" increase in daily options trading turnover raises issues of investor protection, said Ajay Tyagi, former SEBI chief. The platform has seen an uptick in futures and options trading activity, Zerodha said in response to Reuters queries. Siddharth Joshi, a 36-year old from Surat in western India, said he lost 200,000 rupees trading options on Adani Enterprises (ADEL.NS) shares in January. "In options trading, I know my loss is capped but there is an opportunity to make maximum profit," he said.

Persons: Francis Mascarenhas, Mihir Vora, SEBI, Ashish Chauhan, Ajay Tyagi, Kailash, Bhavesh Shah, Shah, Zerodha, Siddharth Joshi, he's, Ira Dugal, Vidya Ranganathan, Raju Gopalakrishnan Organizations: Bombay Stock Exchange, REUTERS, Rights, Securities, Exchange Board of India, Trust Mutual Fund, National Stock Exchange of India Ltd, BSE Ltd, Reuters, Axis Mutual Fund, National Stock Exchange, Adani Enterprises, Thomson Locations: Mumbai, India, Rights MUMBAI, South Korea, Bhavesh, Ahmedabad, Surat

☆ This is the world's next major election. The winner has to fix chronic hyperinflation and halt a 6th recession in 10 years.
▼ + stars: | 2023-11-11 | by ( George Glover | ) www.businessinsider.com time to read: +9 min

AdvertisementAdvertisementArgentina is getting ready to choose its next president — and the country's economy is a mess. Triple-digit inflationSoaring prices are perhaps the best-known problem plaguing Argentina's economy, but far from the only issue that policymakers are battling. The currency is managed by Argentina's central bank. If, or more likely when, Argentina's economy slips into another recession, it'll be the sixth such occurrence in the past decade. His proposed policies include abolishing Argentina's central bank altogether and adopting the dollar, which economists have warned could end up pushing the country even closer to a default.

Persons: —, Sergio Massa, Javier Milei, Manuel Cortina, Lucila Bonilla, Bonilla, they've, Kimberley Sperrfechter, There's, there's, Massa, Cristina Sille, Donald Trump, Bolsonaro, they'll, Sperrfechter Organizations: Service, Union, Homeland, Triple, Consumer, National Institute of Statistics, Argentinian, Oxford Economics, The Central Bank of, International Monetary Fund, Reuters, World Bank, FX, Central Bank of, Peronist Locations: Argentina, American, Buenos Aires, Central Bank of Argentina

Senator Joe Manchin, a maverick who has often bucked party leadership in the past two years, said on Thursday that he will not seek re-election, hurting Democrats' chance of defending their thin Senate majority in the 2024 election. The move by the 76-year-old lawmaker will make it very difficult for Democrats to defend his West Virginia seat. "We like our odds in West Virginia," Senator Steve Daines, the head of Republican senators' campaign arm, said in a statement. David Bergstein, a spokesperson for the Senate Democrats' campaign arm, said the party was confident in its chances of strengthening its majority. Manchin has insisted that his only motivation is the coal-producing state of West Virginia and an eye on fiscal responsibility.

Persons: Joe Manchin, Manchin, Republican Donald Trump, Democrat Joe Biden, Steve Daines, Biden, Trump, David Bergstein, Matt Bennett, he's, Bennett, Julia Nikhinson, Jim Justice, Justice, Biden's, Kyrsten Sinema, Roe, Wade, Mitt Romney, Moira Warburton, Jasper Ward, Makini Brice, Richard Cowan, Jason Lange, David Morgan, Scott Malone, Alistair Bell, Daniel Wallis Organizations: Democratic U.S, United States Senate, Republican, Democrat, Democratic Party, White, Reuters, Biden, Democrats, Trump, Senate Democrats, U.S, Congress, REUTERS, SEAT West Virginia's Republican, Democratic, Charleston Gazette, Thomson Locations: West Virginia, Montana and Ohio, Pennsylvania, Arizona, Democratic, Washington , U.S, Washington, America, Jasper

REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBENGALURU, Nov 9 (Reuters) - Wipro (WIPR.NS) may skip giving hikes to "top performers with higher compensation" in its largest business line in the upcoming round of salary revisions in December, according to an internal memo seen by Reuters. Wipro will prioritise employees with lower compensation among those eligible for a raise, Bandaru highlighted, adding that "top performers with higher compensation may not be covered in this cycle". Wipro, which had 244,707 employees as of Sept. 30, had already delayed its salary hike cycle. Some industry watchers said the move echoed a larger trend in the tech industry as it tried to address pay inequities among regions and cut payroll costs. While Infosys (INFY.NS) delayed giving hikes by two quarters, HCL (HCLT.NS) skipped hikes for managers.

Persons: Dado, Peter Bendor, Samuel, Ray Wang, Sai Ishwarbharath, Haripriya Suresh, Dhanya Skariachan Organizations: Wipro, REUTERS, Rights, Reuters, Employees, Wipro Enterprise, Everest Group, ”, Infosys, HCL, Thomson Locations: Bengaluru

☆ US stocks are on their longest winning streak in 2 years – but the Fed and an earnings slowdown still linger as threats, analysts warn
▼ + stars: | 2023-11-08 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The S&P 500 and the Nasdaq Composite indices have notched their longest winning streaks in two years. Some on Wall Street think the rally can last – but others are still fretting about a potential correction. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The benchmark S&P 500 gauge has climbed 6% since October 27, while the tech-heavy Nasdaq Composite is up 8% over the same period. AdvertisementAdvertisementThe rally has been a welcome development for investors after a rough couple of months for stocks.

Persons: Stocks, —, Bilal Hafeez, Morgan Stanley's, Mike Wilson –, –, David Donabedian Organizations: Nasdaq, Service, Federal Reserve, CIBC Private Wealth

☆ Infosys asks some workers to return to office 10 days a month: source
▼ + stars: | 2023-11-01 | by ( Dhanya Skariachan | ) www.reuters.com time to read: +1 min

The Infosys logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNov 1 (Reuters) - India's No.2 software-services exporter Infosys Ltd (INFY.NS) has asked some of its employees to work from office 10 days a month, a source familiar with the matter said on Wednesday. Narayana Murthy courted controversy by urging young Indians to work 70 hours a week for the development of the country. Larger rival Tata Consultancy Services (TCS.NS) has already asked workers to return to the office for five days a week. Tech giants Amazon.com Inc (AMZN.O) and Alphabet Inc's (GOOGL.O) Google have also told workers to work from office for at least a few days every week.

Persons: Chris Helgren, Salil Parekh, N.R, Narayana Murthy, Dhanya Organizations: Infosys, REUTERS, Tata Consultancy Services, Tech, Amazon.com Inc, Google, Thomson Locations: Toronto , Ontario, Canada

One of them said that the cut off point could be closer to 6 billion euros ($6.33 billion). Some analysts had already questioned Renault's hoped-for valuation of up to 10 billion euros, with some suggesting the carmaker should pursue alternative options to raise cash. De Meo said in September that the listing could value Ampere at between 8 and 10 billion euros, above the French carmaker's own current market capitalisation of 9.55 billion euros. Other EV makers have seen their market value fall sharply in recent months. The Ampere IPO would include a mix of Renault's shares and new shares and could happen as early as April 2024, one of the people said, depending on market conditions.

Persons: Gonzalo Fuentes, Ampere, France's, Tesla, Renault's, Luca de Meo, China's Geely, IPOs, De Meo, Bernstein, de Meo, Elon Musk's Tesla, Mathieu Rosemain, Silvia Aloisi, Pablo Mayo Cerqueiro, Gilles Guillaume, Anousha Sakoui, Alexander Smith Organizations: Renault, Viva Technology, Porte de, REUTERS, Reuters, DKV Mobility, HK, Saudi Arabia's Aramco, Nissan, IPOs Renault, EV, Commission, UBS, Barclays, Ampere, Mitsubishi, Thomson Locations: Porte, Paris, France, LONDON, China, Saudi, Europe, Ampere, Elon

☆ Indigenous group seeks to block Santos gas pipeline off Australia
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsSYDNEY, Oct 24 (Reuters) - The Australian government said on Tuesday it was reviewing an emergency application filed by an indigenous group seeking to block pipeline construction for Santos Ltd's (STO.AX) $3.6 billion Barossa gas project off northern Australia. Santos, which aims to start producing gas from Barossa in the first half of 2025, did not immediately respond to a request seeking comment. In a quarterly update issued last week, Santos said an independent expert concluded that there were no specific underwater cultural heritage places along the planned Barossa pipeline route. But the Tiwi people said the pipeline will cause significant damage to ancient burial grounds, aboriginal art and other sacred ancestral sites. Santos was informed about the concerns of the indigenous elders but the company had plans to begin the pipeline construction soon, the group said.

Persons: Santos, Chris Helgren, Santos Ltd's, Tanya Plibersek, Molly Munkara, Renju Jose, Raju Gopalakrishnan Organizations: REUTERS, Rights, Thomson Locations: Vancouver , British Columbia, Canada, Australia, Barossa, Sydney

NEW YORK (AP) — Paddy Cosgrave, the chief executive officer of a prominent European tech conference called Web Summit, resigned from his role on Saturday amid backlash for his public statements that suggested Israel was committing war crimes. A spokesperson for Web Summit, which organizes one of the world's largest tech conferences every year, said in an e-mailed statement sent to The Associated Press that it will appoint a new CEO, and the conference will go ahead next month in Lisbon as planned. Jewish groups have criticized tepid responses or slow reactions to the Oct. 7 Hamas rampage that killed 1,400 people in Israel and triggered the latest war. ”“War crimes are war crimes even when committed by allies, and should be called out for what they are,” he added. not commit war crimes.

Persons: — Paddy Cosgrave, Israel, Cosgrave, ” “, ”, Cosgrave’s, Anne Organizations: Web, Associated Press, Hamas, Intel, Meta, Google Locations: Lisbon, Irish, Israel, Gaza, Geneva

☆ Migrant’s drowning in Mediterranean prompts criticism of Malta's rescue policies
▼ + stars: | 2023-10-17 | by ( Reade Levinson | ) www.reuters.com time to read: +13 min

Details of the incident, described to Reuters by humanitarian groups MSF, Sea-Watch and Alarm Phone, haven’t previously been reported. By the next morning, June 23, survivors told MSF, they had run out of food and water. [1/5]Handout image obtained by Reuters, October 12, 2023 shows a Medicins Sans Frontiers (MSF) rescue boat near a rubber boat carrying migrants from the Middle East and Africa, in the Mediterranean Sea, June 24, 2023. At 12:46 p.m., Alarm Phone called the Malta Search and Rescue Coordination Centre to report that one person was in the water. The passengers told the men they were scared and didn’t want to remain on the boat, survivors told MSF.

Persons: Africa –, ’, Ainhoa Campàs Velasco, Sabrina Borg, “, ”, Tommaso Foti, Foti, Oliver Kulikowski, Neil Azzopardi Ferriggi, Skye McKee, Handout, Kulikowski, Byron Camilleri, Camilleri, Jean, Pierre Gauci, Reade Levinson, Janet Roberts Organizations: Reuters, Sea, MSF, Geo, University of Southampton, “, EU, REUTERS Acquire, Passengers, Coordination, Watch, Reuters ., Maltese, Armed Forces of, Armed Forces, -, United Nations, Refugees, Amnesty International, European, of Human Rights, Home Affairs, European Union, British Institute of International, Comparative, La Spezia, Thomson Locations: East, Africa, Malta, Maltese, Italy, Europe, Italian, “ Malta, Sirte, Libya, Syria, South Sudan, Sea, Armed Forces of Malta, Malta's, Laconia, Gabon, ”, London

"Public media are paid for with our taxes in order to give citizens access to fair information. And that's particularly important at... election time," said Joanna Krawczyk from the German Marshall Fund, a think-tank. PiS says private media outlets such as Warner Bros' (WBD.O) TVN often distort public debate by representing foreign interests. This perceived bias in public broadcasting has exacerbated political divisions in Polish society. "When she watches TVP, he goes to the kitchen."

Persons: Kacper, TVP, Szalai, RSF, Joanna Krawczyk, KRRiT, PiS, Grzegorz Lewandowski, Donald Tusk, Alan Charlish, Gareth Jones Organizations: Telewizja Polska SA, REUTERS, Sunday Government, WARSAW, Law and Justice, Media, German Marshall Fund, European Union, Civic Coalition, Reuters, Warner Bros, TVN, European Centre for Press, Media Freedom, Thomson Locations: Warsaw, Poland, TVP, Sochaczew, Hungary, Turkey, Russia

☆ Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here's what the complaint said
▼ + stars: | 2023-10-12 | by ( Lora Kolodny | ) www.cnbc.com time to read: +22 min

With a "goodwill" repair, Tesla essentially foots the bill for labor, parts or accessories given to keep a customer happy. "Were Tesla to accurately categorize its 'goodwill' repairs as warranty repairs, it would likely need to restate earnings for every quarter since at least 2017," the tipsters wrote in their submission. In one example, the tipsters said screenshots showed other Tesla employees changed the status of material used in manufacturing from "scrap" to "work in progress." In another example, the complaint said screenshots showed Tesla employees had manually changed the status of "used" cars to "new" in a program that tracked vehicle deliveries data. In correspondence to the agency expanding on their complaint, the whistleblowers alleged this raises questions about the firm's independence and objectivity in judging Tesla's financials.

Persons: Brandon Bell, Elon, Tesla's, Tesla, Musk, Ann Lipton, Lipton, Karen Nelson, Nelson, Nicholas Parks, it's, Oxley, restate financials Organizations: Getty, U.S . Securities, Exchange Commission, SEC, PricewaterhouseCoopers, CNBC . Agency staff, CNBC, Twitter, Tulane Law School, University of Chicago Law School, Securities, Sarbanes, Oxley, Texas Christian University, Public Company, Tesla, Parks, Nelson, Business, Exchange, Board, SpaceX, The Boring, California Alternative Energy, Transportation Financing Authority Locations: Austin , Texas, Tesla, California, U.S, Delaware

☆ Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
▼ + stars: | 2023-10-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"We do not see a path forward for legislation to cap credit card interest rates," Seiberg said. There are 70 million more credit card accounts open now than in 2019, it said. Credit card interest rates have predominantly remained below 36% due to "self-restraint" by banks, though that's still "extremely high" for a credit card, said Lauren Saunders, associate director at the National Consumer Law Center. I think some of the [political] lines are starting to blur a little bit, at least on credit card issues. How to reduce your personal card rate to 0%Rossman's general advice to consumers: Make your personal credit card rate 0%.

Persons: Luis Alvarez, Rossman, Seiberg, There's, that's, Lauren Saunders, Ted Rossman, Sen, Bernie Sanders, Alexandria Ocasio, Glenn Grothman, Grothman, Hawley Organizations: Digitalvision, Getty, Cowen Washington Research Group, Republican, Federal Reserve Bank of New, Federal Reserve, National Consumer Law Locations: Federal Reserve Bank of New York, Alexandria, Cortez, Jesús, Chuy, García

☆ I'm a 16-Year-Old Founder Who Raised $450K for My AI Startup
▼ + stars: | 2023-10-09 | by ( Ashley Couto | ) www.businessinsider.com time to read: +6 min

Pranjali Awasthi, 16, came up with her startup while interning in university research labs. Because of the pandemic, my high school had gone virtual, so I was able to intern for about 20 hours a week. In 2020, OpenAI released its ChatGPT-3 beta, and I knew we could use it to make extracting and summarizing research data easier. My parents told me I should take the opportunity – the network alone would be worth it, so I took an absence from high school. I wanted to get a GED, but we compromised on me finishing my high school credits online, which I completed in June 2023.

Persons: Pranjali Awasthi, —, OpenAI, Delv.AI, Lucy Guo, Dave Fontenot, I'd, Hunt, We've, We're, it's, I'm, I've Organizations: Service, Florida Internal University, Miami Locations: Florida, India, San Francisco, Miami, Deck

☆ 'Israel's 9/11': Political analysts react to deadly Hamas attack
▼ + stars: | 2023-10-08 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

Children are seen in a destroyed house after Israeli attacks in Gaza City, Gaza on October 07, 2023. Massive attacks by Hamas leadership into Israel… This is no less than Israel's 9/11. 'Massive intelligence failure'The attack also marked a "massive intelligence and defense failure for Israel," Bremmer highlighted, saying it was an oversight stemming from the government's new judicial reforms. From what we see so far … [this] is a Gaza and Israel war. "From what we see so far … [this] is a Gaza and Israel war.

Persons: Mustafa Hassona, Dan Steinbock, Ian Bremmer, Steinbock, Bremmer, Abraham, Fatima Shbair, Benjamin Netanyahu's, It's, Sanam Vakil, Zvi Eckstein, Biden, Ohad, Jalaa Marey, Eckstein Organizations: Anadolu Agency, Hamas, Israel, Eurasia Group, CNBC, NBC News, Palestinian Healthy Ministry, Abraham Accords, Rockets, Chatham House's, Tel Aviv University, Bank of Israel, AFP, Getty Locations: Gaza City, Gaza, Israel, Palestine, UAE, Morocco, Bahrain, Saudi Arabia, U.S, Saudi, East, Iran, Ashkelon, Israeli, Metula, Lebanon, Russia, Ukraine

☆ The big AI and robotics concept that has attracted both Walmart and Softbank
▼ + stars: | 2023-10-07 | by ( Tim Mullaney | ) www.cnbc.com time to read: +13 min

Softbank also owns 65% of the GreenBox venture, which launched with $100 million in investment by the two companies. They say it's a $500 billion market, and an example of the kind of change AI can bring to the economy at large. But not as many investors know about Softbank's "other" big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic , which Walmart has taken a big stake in itself. Symbotic teamed up with Softbank to build GreenBox in order to preserve its own capital, Cohen told analysts. The GreenBox market for smaller companies shapes up as another $500 billion of possible demand, Gartner's Klappich said.

Persons: Rick Cohen, Softbank, Robert W, Baird, Vikas, Schwarz, Kristin Schwarz, Vikas Parekh, Parekh, Giordano, I've, TD Cowen, Joseph Giordano, GreenBox, Dwight Klappich, Symbotic, Klappich, Mason, Cohen, —, Bill Boyd, Gartner's Klappich, Doug McMillon Organizations: Walmart, CNBC, Gartner, Target, Venture, Arm Holdings, Wholesale, Forbes, Revenue Locations: GreenBox, Wilmington, Mass, Fla

☆ Japan’s property sector sees ‘golden period’ as foreign investments surge 45%
▼ + stars: | 2023-10-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesForeign investments into Japan's real estate sector have been flourishing in the past year, buoyed by a weak Japanese yen as the country's central bank maintains its ultra-loose monetary policy. "It is a golden period of Japanese real estate," Henry Chin, head of Asia-Pacific research at CBRE, told CNBC. Foreign investors almost doubled their investment from a year ago to $2 billion in the first quarter of the year, the global real estate services company noted. According to latest data provided by CBRE, total foreign investments into Japan's real estate market has risen 45% in the first half of 2023, compared to the same period last year. The solid rebound in Japan's tourism sector following the ease in border restrictions has sparked a rise in hotel occupancies and hospitality investments, Knight Frank said in a recent September note.

Persons: Henry Chin, Chin, Koji Nato, JLL, Knight Frank, CBRE's Chin, Knight Frank's, Christine Li, David Madison Organizations: Bloomberg, Getty, CNBC, Nato LL's, Capital Markets, U.S, APAC Locations: Tokyo, Japan, Asia, Pacific, Osaka, Singapore, U.S, Canada, Magome

☆ Hong Kong shares drop 3%, dragged down by real estate and energy
▼ + stars: | 2023-10-03 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

An urban view of high-rise buildings at dusk as seen from Hong Kong's Victoria Peak. Hong Kong's Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sectors. The benchmark index's loss of over 500 points is a significant decline, Everbright Securities' Kenny Ng told CNBC via e-mail. "Additionally, the US dollar index has remained relatively strong, exerting downward pressure on the Hong Kong stock market." The index was last trading down 3.16% after coming back from a holiday on Monday.

Persons: Kenny Ng, Ng Organizations: Everbright Securities, CNBC, Hong Locations: Hong, Victoria, Hong Kong

WASHINGTON (AP) — Rep. Kevin McCarthy had support from 208 members of his conference to remain as House speaker. A look at the eight Republicans who voted to remove McCarthy from office, against the overwhelming wishes of their colleagues. REP. ANDY BIGGSBiggs is serving his fourth term in the House representing a strongly Republican-leaning district in Arizona. He said the annual spending bills are critical to cutting spending and getting rid of duplicative programs. It had nothing to do about spending," McCarthy said.

Persons: Kevin McCarthy, McCarthy, Joe Biden, ” McCarthy, “ That's, Reagan, ANDY BIGGS Biggs, Biggs, Donald Trump, ”, KEN BUCK Buck, Buck, Biden, @SpeakerMcCarthy, Burchett, we've, Kevin, ELI CRANE Crane, Tom O’Halleran, ” Crane, MATT GAETZ Gaetz, Trump, Mike Rogers, Gaetz, Matt Gaetz, ” Gaetz, “ Kevin McCarthy, Denver Riggleman, Good, “, NANCY MACE Mace, Mace Organizations: WASHINGTON, —, Democrats, REP, Caucus, Republican Party, McCarthy's, TIM, “, Navy, Democratic, Republican, Alabama Rep, GOP, Denver, The Citadel, Cadets, U.S Locations: Arizona, Colorado, Denver, He's, Tennessee, Tennessee’s, Florida, South Carolina, Montana, Ukraine, U.S, “, Rosendale

"This shift, towards the courts, prosecutors and law enforcement units, shows that hackers are gathering evidence about Russian war crimes in Ukraine" with a view to following Ukraine's investigations, he added. Russian hackers have prioritised targeting government bodies and trying to gain access to their e-mail servers, Shchyhol said, without elaborating. An attempt by a Russian intelligence hacking group dubbed "Sandworm" to launch a destructive cyberattack against Ukraine's electricity grid was thwarted in April, 2022. Shchyhol said his department saw evidence that Russian hackers were accessing private security cameras within Ukraine to monitor the outcome of long-range missile and drone strikes. "You need to understand that the cyber war will not end even after Ukraine wins on the battlefield," Shchyhol said.

Persons: Ivan Lyubysh, Yurii Shchyhol, There's, Shchyhol, Vladimir Putin, Tom Balmforth, James Pearson, Mike Collett, White, Gareth Jones Organizations: State Service of, Reuters, REUTERS, Ukrainian, State Service of Special Communications, Foreign Ministry, Federal Security Service, Court, ICC, Kremlin, Russia, Ukraine, Thomson Locations: Ukraine, Kyiv, LONDON, Russia, Netherlands, Russian, Ukrainian, London

☆ Trump’s Populist Pivot
▼ + stars: | 2023-09-22 | by ( Susan Milligan | ) www.usnews.com time to read: +10 min

It's not surprising they're trying to bust out of the 2020 Trump coalition, because the 2020 Trump coalition is not sufficient for him to win. Several polls do show him somewhat improved among Black voters. A Quinnipiac University poll in September, for example, showed Trump with 25% support among Black voters. Abortion could be the most difficult pivot for Trump, since he is upsetting activists on both ends of the debate. There is no doubt in our minds who Donald Trump is and who Donald Trump would be if he were ever to return to the presidency."

Persons: There's, Donald Trump, Trump, Roe, ” Trump, Dobbs, Ron DeSantis, Joe Biden, Simon Rosenberg, Rosenberg, It's, Howard Schweber, Schweber, Biden, Shawn Fain, Mary Kay Henry, Henry, Debbie Dingell, Hillary Clinton's, Biden –, –, Clinton, Bill Clinton, didn't, – they're, they've, Trump's, Donald Trump Jr, Adrianne, Ryan Stitzlein, Stitzlein, ” Kristen Waggoner Organizations: GOP, Wade, NBC, Florida Gov, Trump, Democratic, University of Wisconsin, Madison, Wisconsin, United Auto Workers, Big, Republican, Union, Service Employees International Union, UAW, Black, Quinnipiac University, Pew Research Center, New Journey PAC, Supreme, Alliance Defending Locations: America, Wisconsin, Detroit, Michigan, Scranton , Pennsylvania, Shropshire

The average interest rate for all credit card accounts hit 20.68% in May, the highest on record, according to most recent Federal Reserve data. "But credit cards do charge the highest interest rates of any mainstream consumer debt [by far]," he wrote in an e-mail. This is why it's so important to prioritize credit card debt payoff." Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. "Whenever the Fed has raised interest rates as they have, something usually tips or fails," he said.

Persons: Barry Glassman, Ted Rossman, Cardholders, Glassman, CreditCards.com, Rossman, Bankrate Organizations: CreditCards.com, Federal Reserve, Wealth, Westend61, Getty, Federal Reserve Bank of New, Silicon Valley Bank, Signature Bank Locations: Vienna , Virginia, North Bethesda , Maryland, Federal Reserve Bank of New York, Silicon, U.S

☆ Chesebro asks court to suppress use of emails in Trump Georgia election case
▼ + stars: | 2023-09-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

But there was "no such concern" in this case, they argued, " because months earlier Microsoft had archived all the e-mails in Fulton County Superior Court." Attorneys for Kenneth Chesebro, a pro-Trump lawyer, argued the search warrant used to obtain emails from his MSN email account ahead of his indictment "is defective" and the search and seizure of the emails was "illegal." Those two factors are "fatal to the search warrant," they argued. A spokesman for Fulton District Attorney Fani Willis, who is prosecuting Chesebro, Trump, and 17 others in the Georgia election case, declined to comment on the filings. Chesebro and Sidney Powell, another pro-Trump attorney charged in the case, were granted speedy trials.

Persons: Donald Trump's, Kenneth Chesebro, mugshot, Donald Trump, Chesebro's, Trump, Fani Willis, Chesebro, Joe Biden, Sidney Powell Organizations: U.S, Sheriff's, Microsoft, Fulton County Superior, Fulton County Superior Court, Trump, MSN, Fulton District, Republican, Chesebro Locations: Fulton, Atlanta, Fulton County, Georgia, Georgia's

☆ ICC war crimes tribunal hobbles on despite hacking
▼ + stars: | 2023-09-21 | by ( Stephanie Van Den Berg | ) www.reuters.com time to read: +2 min

An exterior view of the International Criminal Court in the Hague, Netherlands, March 31, 2021. The high-profile ICC in the city of The Hague handles sensitive information about war crimes cases. In March, the court issued an arrest warrant for Russian President Vladimir Putin on suspicion of illegally deporting children from Ukraine. Prosecutors are also conducting investigations of alleged war crimes in Ukraine, Sudan and Afghanistan, among others. Mylene Dimitri, defending Yekatom, told Reuters she was exchanging information via USB flash drives and paper binders, delivering information personally from office-to-office.

Persons: de, Vladimir Putin, Geert, Jan Knoops, Patrice, Edouard Ngaissona, Alfred Yekatom, Mylene Dimitri, Yekatom, videolink, Stephanie van den Berg, Anthony Deutsch, Toby Sterling, Barbara Lewis, Andrew Cawthorne Organizations: Criminal Court, REUTERS, ICC, Central African, Kremlin, Prosecutors, Reuters, Thomson Locations: Hague, Netherlands, The Hague, Central African Republic, Ukraine, Sudan, Afghanistan

☆ US housing starts fall to lowest level since 2020 in worrying sign for the economy
▼ + stars: | 2023-09-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

August US housing starts fell to its lowest level in three years in a worrying sign for the economy. "The sharp drop in housing starts is concerning because housing has been one of the pillars of the economy that has held up," a CIO said. US housing starts, which refers to the beginning of construction of a new home, plunged 11% in August to 1.23 million, representing its lowest level since June 2020. The drop in housing starts coincides with a decline in homebuilder sentiment, which fell in September to its lowest level since April. AdvertisementAdvertisementBut there was one sign of hope for the economy in the August report of housing starts, and that's the fact that housing permits jumped 7% to 1.54 million.

Persons: Chris Zaccarelli, Zaccarelli, that's, I've, Jaime Moore, Jeffrey Roach Organizations: Service, Alliance, LPL Financial Locations: Wall, Silicon

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