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☆ While investors can't expect a deal like former baseball star Bobby Bonilla, they can use an annuity to create a stream of income in retirement
▼ + stars: | 2023-07-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Infielder Bobby Bonilla of the MLB's New York Mets at a game against the Los Angeles Dodgers at Dodger Stadium, July 25, 1993. Stephen Dunn | Getty Images Sport | Getty ImagesFormer Major League Baseball player Bobby Bonilla collects a $1,193,248.20 check from the New York Mets every July 1, and he'll continue to do so until 2035. In fact, ever since, July 1 has been known as Bobby Bonilla Day. Annuities provide a guaranteed stream of incomeAn annuity is a lump sum of money, often taken out of a retirement plan, which is converted into a future stream of income, or annuitized. The allure for investors is a guaranteed stream of income, much similar to Social Security or pensions.

Persons: Bobby Bonilla, Stephen Dunn, hasn't, Bonilla, they've, Louis Barajas, Limra, Barajas Organizations: New York Mets, Los Angeles Dodgers, Dodger, Getty, Major League Baseball, Mets, International Private Wealth, CNBC's, Finance, Social Security, ., Barajas, American Council of Locations: Irvine , California, Barajas

Stronger than expected economic data pushed Treasury yields higher and steered investors toward economically sensitive sectors as recession fears eased. But buyers shied away from some rate-sensitive growth sectors due to concerns the Fed would keep interest rates higher for longer. After a health check showed that the biggest U.S. banks have enough capital to weather a severe economic slump the S&P 500 banks index (.SPXBK) closed up 2.6%. The Dow Jones Industrial Average (.DJI) rose 269.76 points, or 0.8%, to 34,122.42, the S&P 500 (.SPX) gained 19.58 points, or 0.45%, to 4,396.44 and the Nasdaq Composite (.IXIC) dropped 0.42 points to 13,591.33. The S&P 500 posted 44 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 90 new highs and 90 new lows.

Persons: Mona Mahajan, Louis, Edward Jones, Russell, Jerome Powell, Brendan McDermid, Air Jordan, Sinéad Carew, Sruthi Shankar, Johann M, Shinjini Ganguli, David Gregorio Our Organizations: Dow, Nasdaq, St, Dow Jones, New York Stock Exchange, REUTERS, Brendan McDermid Traders, Reuters, Nvidia, Microsoft, SOX, Micron Technology, Occidental Petroleum, Berkshire Hathaway Inc, Nike, Air, LeBron, NYSE, Thomson Locations: New York City, U.S, megacaps, Philadelphia, New York, Bengaluru

[1/5] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. REUTERS/Brendan McDermidJune 29 (Reuters) - The Dow and the S&P 500 rose on Thursday as bank shares rallied after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank. Stronger than expected economic data pushed Treasury yields higher and steered investors toward economically sensitive sectors as recession fears eased. Buyers shied away from rate-sensitive growth sectors due to concerns that the Fed would keep interest rates higher for longer. After a health check showed that the biggest U.S. banks have enough capital to weather a severe economic slump the S&P 500 banks index (.SPXBK) gained.

Persons: Brendan McDermid, Buyers, Mona Mahajan, Louis, Edward Jones, Jerome Powell, underpeformed, Sinéad Carew, Sruthi Shankar, Johann M, Shinjini Ganguli, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Dow, St, Nasdaq, Dow Jones, Traders, Reuters, Microsoft, Micron Technology, Occidental Petroleum, Berkshire Hathaway Inc, Nike, Thomson Locations: New York City, U.S, megacaps, Philadelphia, New York, Bengaluru

☆ MLB roundup: A's top Rays on 'reverse boycott' night
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +11 min

Jose Abreu notched his 1,500th career hit and became the fourth player in franchise history to score 1,000 runs. Nationals starter Patrick Corbin (4-7) allowed two runs on four hits in five innings. Giants starter Alex Cobb allowed two runs on five hits and two walks in four innings. Ortiz was charged with four runs and also allowed six hits over 5 1/3 innings for the Pirates. Mariners 9, Marlins 3George Kirby pitched six strong innings and Mike Ford hit two home runs as Seattle defeated visiting Miami.

Persons: Ramon Laureano, Cary Edmondson, Hogan Harris, John Fisher, Laureano, Colin Poche, Carlos Perez's grounder, Isaac Paredes, Harris, Shintaro Fujinami, Hunter Brown, Mauricio Dubon, Kyle Tucker, Martin Maldonado, Chas McCormick, Brown, Jose Abreu, Patrick Corbin, Michael Conforto, Louis, J.D, Davis, Mitch Haniger, Mike Yastrzemski, Patrick Bailey, Alex Cobb, Keaton Winn, Jack Flaherty, Gunnar Henderson, Henderson, Adam Frazier, Ryan O'Hearn, Aaron Hicks, Baltimore's Dean Kremer, Chris Bassitt, Will Smith, David Peralta, Tony Gonsolin, Lance Lynn, Gary Sanchez, Fernando Tatis Jr, Joe Musgrove, Josh Hader, Tanner Bibee, Juan Soto, Tatis, Manny Machado's flyout, Xander Bogaerts, Jake Cronenworth, Sanchez, Padre, Bryson Stott, Kyle Schwarber, Nick Castellanos, Alex Bohm, Bryce Harper, Zack Wheeler, Wheeler, Corbin Carroll, Christian Walker, Zach Davies, Carlos Correa, Michael A, Taylor, Devin Williams, Edouard Julien, Willi Castro, Donovan Solano's, Correa, Williams, Randal Grichuk, Grichuk's, Justin Garza, Coco Montes, Nolan Jones, Jurickson Profar, Rafael Devers, Daniel Bard, Pierce Johnson, Josh Donaldson, DJ LeMahieu, Brandon Nimmo, Jeff McNeil, Drew Smith, Ron Marinaccio, Josh Walker, Hunter Renfroe, Zach Neto, Shohei Ohtani, Jimmy Herget, Carlos Estevez, Nathaniel Lowe, Corey Seager, Owen White, Elly De La Cruz, Spencer Steer's, Kevin Newman's, Stuart Fairchild, TJ Friedl, Jordan Lyles, Lyles, Ian Happ, Jameson Taillon, Happ, Luis L, Ortiz, Jack Suwinski, Christopher Morel, George Kirby, Mike Ford, Cal Raleigh, Jose Caballero, Garrett Cooper, Chris Flexen Organizations: Oakland Athletics, Tampa Bay Rays, Oakland, Alameda County Coliseum, Astros, Houston, Washington, Giants, Cardinals, San Francisco, St, Orioles, Blue Jays, Baltimore, Toronto, American, Dodgers, White Sox, Padres, Guardians, Cleveland, Phillies, Diamondbacks, Philadelphia, Brewers, Minnesota, Milwaukee, Twins, Red Sox, Boston, Rockies, Yankees, Mets, Big Apple, Rangers, Angels, Los Angeles, Reds, Royals, Cincinnati Reds, Kansas City, The Reds, Cubs, Pirates, Chicago, Pittsburgh, Mariners, Marlins, Seattle, Miami, Cal, Kirby, Thomson Locations: Oakland , California, USA, Vegas, Angeles, Chicago, Cincinnati, Philadelphia, Seattle, San Diego, Cleveland, Phoenix, Arizona, Minneapolis, Minnesota, Colorado, Grichuk, Arlington , Texas, Pittsburgh, Raleigh, Ford

☆ Inspired by his favorite bar, a Missouri man spent 30 years covering his 3-bedroom home in mosaic tiles and funky art. Now, he's putting it on the market for $499,900 — see inside.
▼ + stars: | 2023-06-13 | by ( Amanda Goh | ) www.businessinsider.com time to read: 1 min

When Robert Ferd Frank bought his Fenton house 30 years ago, he had one interior design inspiration: Venice Cafe, his favorite St. Louis bar. The plain, unassuming exterior of the house. Vils PhotographyThe local haunt was known for its eclectic decor comprising statues, curios, and mosaic tiles, per photos found on the bar's Facebook page. "That's why I bought this house — so I could turn it sort of into my favorite club." Although the exterior of the three-bedroom home is plain and unassuming, the rooms inside are filled with bright colors, funky patterns, and mosaic tiles.

Persons: Robert Ferd Frank, Fenton, Louis, Frank Locations: Venice

☆ Roger Craig, Teacher of an Era-Defining Pitch, Is Dead at 93
▼ + stars: | 2023-06-04 | by ( Richard Goldstein | ) www.nytimes.com time to read: +2 min

After pitching in the Dodgers’ minor league system and serving in the Army, Craig made his debut with Brooklyn in July 1955. He pitched for the Dodgers again in the 1956 World Series, taking the loss in Game 3 of the seven-game series win for the Yankees. in shutouts, with four, as the Dodgers won their first pennant in Los Angeles. Craig pitched mostly in relief before he was chosen by the Mets as their No. The Mets traded Craig to the Cardinals before the 1964 season, and he won Game 4 of the World Series in relief as St. Louis beat the Yankees in seven games.

Persons: Mike Scioscia, Roger Lee Craig, John, Mamie Craig, Craig, Connie Mack, Hobie Landrith, Elio Chacon, Louis Organizations: Dodgers, Angels, Associated Press, North Carolina State University, Dodgers ’, Army, Brooklyn, Yankees, Philadelphia Phillies, Chicago White Sox, Mets, Houston, Cardinals, Cincinnati Reds, Phillies Locations: Durham, N.C, North, Los Angeles

☆ A Lego Crime, a YouTube Rivalry, and the End of a Star Wars Friendship
▼ + stars: | 2023-05-21 | by ( David Kushner | ) www.businessinsider.com time to read: +30 min

Those who are into Lego Star Wars are among the most popular. It was at an informal contest where Louis met Victor, a fellow Lego Star Wars fanatic. Soon they ranked among the most popular Lego Star Wars YouTubers in France, known for the size and scope of their MOCs. The two friends no longer fit with that satisfying click that comes from snapping together two Lego bricks. Though it must have taken a truck to haul away all of Louis' Lego, no neighbor reported seeing anything suspicious.

☆ MLB roundup: Jorge Soler's walk-off HR pushes Marlins past Nats
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +12 min

Washington's Josiah Gray threw 104 pitches in seven innings, allowing two runs (one earned) and striking out five. Miami's Jesus Luzardo, who threw 93 pitches in six innings, allowed one run and struck out seven. Blue Jays right-hander Kevin Gausman allowed three runs (two earned), five hits and two walks while striking out 10 in seven innings. Pirates starter Luis Ortiz (0-2) allowed four runs (three earned) and seven hits in three-plus innings. White Sox right-hander Lance Lynn (2-5) allowed three runs (one earned) and seven hits in seven-plus innings.

☆ Hedge fund says hard landing is 'most likely' and names 3 global stocks to play it
▼ + stars: | 2023-05-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

A U.S.-based hedge fund is predicting a hard landing scenario for stock markets despite a steady decline in inflation, with the S & P 500 falling into a bear market. "Livermore views the path forward as the most likely scenario for markets is a hard landing," Neuhauser said in notes to CNBC. The hedge fund manager added that despite this "soft landing" in inflation, "ultimately it's going to lead to a much harder landing with stocks as inflation remains sticky for some time to come." The hedge fund manager identified three global stocks that he believes will perform well if this scenario comes to fruition. Livermore, the hedge fund founded by Neuhauser in 2009, owns shares in Amaroq, along with billionaire investor Louis Bacon.

☆ MLB roundup: Mets post 8-run inning, whip Nats in Max Scherzer's return
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +12 min

For seven innings, the game was a pitchers' duel between Cleveland rookie Tanner Bibee and the Angels' Patrick Sandoval. Zach Elfin (5-1) got the win after allowing four runs on seven hits in his six innings, striking out nine and walking one. Royals starter Jordan Lyles (0-7) was tagged for seven runs in 2 1/3 innings, allowing four hits and three walks. The loss overshadowed another strong outing by Giants starter Logan Webb, who allowed one run on three hits over seven innings. Boston's Corey Kluber (2-5) surrendered four runs on seven hits in five innings.

☆ Private equity is being squeezed from all sides
▼ + stars: | 2023-05-12 | by ( Edward Chancellor | ) www.reuters.com time to read: +8 min

But this time around there’s a lot more private equity money chasing a limited number of opportunities. So private equity funds could face the prospect of a prolonged period of higher borrowing costs, lower valuations, and depressed investment returns. The birth of private equity coincided with the Reagan administration’s policy of relaxing regulations and tax cuts. Recent high profile corporate bankruptcies owned by private equity include car-rental firm Hertz and retailer Toys R Us. The private equity industry could soon find itself caught in a pincer, between tighter financing on the one hand and tighter regulation on the other.

☆ Don't look now, but Wall Street bonuses are already trending in the wrong direction
▼ + stars: | 2023-05-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Wall Street, I'm sorry to say your 2023 bonus is already on some shaky ground. I realize we're not even halfway through the year, but after an awful first quarter, bonuses in plenty of areas of finance are trending in the wrong direction. It's a mixed bag, with some areas trending toward a double-digit percentage increase over 2022, while others are heading the opposite way. If that isn't a certainty, you can bet people, especially those earlier in their career, will look for greener pastures. Six of the largest European and US oil companies have a combined nearly $160 billion in cash and cash equivalents on their balance sheets, The Wall Street Journal reports.

☆ Peter Nygard ordered to pay billionaire neighbor $203 million in damages after driveway feud escalated to accusations of arson and Ku Klux Klan links
▼ + stars: | 2023-05-08 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A hedge fund manager was awarded $203 million in damages after being defamed by former neighbor Peter Nygard. Disgraced fashion mogul Nygard accused Louis Bacon of arson, insider trading and links to the KKK. The decade-long dispute began following a quarrel over a driveway Nygard and Bacon shared. A hedge fund billionaire has been awarded $203 million after a New York court ruled he was defamed by his former Bahamas neighbor Peter Nygard following a decade-long feud ignited by a shared driveway. Lawyers told the court Bacon had spent more than $50 million in legal fees bringing several defamation cases against Nygard.

☆ Hedge-Fund Manager Louis Bacon Awarded $203 Million in Defamation Case
▼ + stars: | 2023-05-05 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Hedge-fund manager Louis Bacon, pictured on left, in 2013; former retail mogul Peter Nygard in 2016. Photo: Charles Eshelman/FilmMagic/Getty Images; Phillip Faraone/Getty ImagesHedge-fund manager Louis Bacon was awarded $203 million in damages and legal fees in a defamation case against former retail mogul Peter Nygard that stems from the two men’s long-running feud over neighboring properties in the Bahamas. A New York state court-appointed referee ordered Mr. Nygard this week to pay the amount, saying he orchestrated a yearslong campaign to destroy Mr. Bacon’s reputation. Mr. Nygard falsely asserted that the financier was a member of the Ku Klux Klan, had been found guilty of insider trading, was involved in the death of an employee and a family friend at his Bahamas home and had been implicated in arson, the referee said in his decision.

☆ Michael Brescia, Who Gave Up Profits to Comfort the Dying, Dies at 90
▼ + stars: | 2023-04-28 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Michael Brescia developed a lifesaving method of connecting kidney patients to dialysis machines. Photo: Calvary HospitalIn the early 1960s, Michael Brescia and a colleague, James Cimino, invented a lifesaving procedure to connect dialysis machines to people with failing kidneys. Their method—which involves joining an artery and a vein to allow rapid flows of blood into and out of the body—became a standard in medical care. Investors were eager to help the two doctors set up dialysis centers that could have cashed in on the technology. “I was 33 years old, and this was going to make me rich,” Dr. Brescia said later.

☆ Chris Smith: Former NFL defensive end dies aged 31
▼ + stars: | 2023-04-19 | by ( Matt Foster | ) edition.cnn.com time to read: +2 min

CNN —Former NFL defensive end Chris Smith has died, his former agent said on Tuesday. Smith spent eight seasons in the NFL and played for seven franchises. Frank Jansky/Icon Sportswire/Getty Images/FileThe Browns tweeted their condolences on Tuesday. “We are deeply saddened by the passing of former Browns DE Chris Smith,” the message reads. “Rest in paradise Chris Smith,” wrote Browns tight end David Njoku on Twitter.

☆ MLB roundup: Rays make it 12 straight wins to open season
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +10 min

In his third start of the season, Boston's Chris Sale (1-1) was hit hard, yielding six runs (five earned) on seven hits. Detroit left-hander Eduardo Rodriguez allowed one run, seven hits and one walk in six innings, striking out three. Cincinnati's Hunter Greene worked six innings and allowed three runs on seven hits to go along with a season-high 10 strikeouts. Marlins starter Edward Cabrera allowed seven hits and two runs with four strikeouts and one walk in five innings. Eovaldi (1-2) allowed six runs on 10 hits with no walks and seven strikeouts over five innings.

☆ MLB roundup: Ryan Mountcastle's 9 RBIs propel Orioles to win
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +11 min

Austin Hays also homered and went 4-for-5 as the Orioles won for the second night in a row. Kyle Schwarber hit a solo home run and Bryson Stott added two hits and two RBIs for Philadelphia. Guardians starter Hunter Gaddis (0-1) allowed eight runs on eight hits with three strikeouts and two walks in three-plus innings. Blue Jays 9, Tigers 3Alejandro Kirk hit a three-run home run and had four RBIs as Toronto won its home opener, beating Detroit. Detroit right-hander Matt Manning (1-1) allowed four runs on six hits with one walk and three strikeouts in six innings.

☆ NHL roundup: Bruins top Blues, reach historic 60-win mark
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +6 min

[1/5] Apr 2, 2023; St. Louis, Missouri, USA; Boston Bruins center Trent Frederic (11) takes the face-off against St. Louis Blues right wing Kasperi Kapanen (42) during the first period at Enterprise Center. St. Louis (35-35-7, 77 points) was eliminated from playoff contention with the result. The Blues received two goals from Jordan Kyrou, the second of which made it a 3-3 game with 25 seconds remaining in regulation. Brayden Schenn assisted on all three St. Louis goals. St. Louis native Trent Frederic collected two assists and Linus Ullmark recorded 35 saves.

☆ Why this could be the 'best time' to contribute to a retirement plan, according to an advisor
▼ + stars: | 2023-03-16 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

said Louis Barajas, CEO of International Private Wealth Advisors, a certified financial planner and member of CNBC's Advisor Council. In fact, "this is the best time to continue to contribute." "Everybody wants to get out when there's uncertainty," Barajas said. 'Everyone is feeling pressure financially'After a tumultuous stretch, many older Americans are concerned about their retirement security. "We've had almost 12 years of a boom market, all they've seen is markets go up," Barajas said.

☆ NHL roundup: Roope Hintz's SO goal lifts Stars past Knights
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +8 min

Rookie Wyatt Johnston also scored a goal and Jamie Benn added two assists for the Stars. Eichel and Michael Amadio both scored goals for Vegas, which saw its five-game home winning streak snapped. Patrik Laine had a goal with two assists and Kirill Marchenko scored twice for the Blue Jackets, who swept the two-game season series from Edmonton. It was Oshie's first career game with a goal, assist and a fight, known as a Gordie Howe hat trick. Tyler Toffoli scored, Jacob Markstrom turned away 18 shots and Nazem Kadri had an assist in his return to Colorado.

☆ NHL roundup: Bruins edge Kraken on Jake DeBrusk's late tip-in
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +7 min

Brandon Carlo scored the first of the Bruins' two third-period goals, while McAvoy and Hampus Lindholm had two assists apiece. The winning goal was DeBrusk's third goal in three games since returning from injuries. Minnesota killed off its 22nd straight penalty in the win and has not given up a power-play goal in nine straight games. Oilers 7, Penguins 2Connor McDavid had two goals and two assists as Edmonton scored seven straight goals to defeat host Pittsburgh. Vincent Trocheck scored the only goal for the Rangers, who have lost three straight following a seven-game winning streak.

☆ NHL roundup: Vladimir Tarasenko scores in Rangers debut
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +3 min

[1/4] Feb 10, 2023; New York, New York, USA; New York Rangers right wing Vladimir Tarasenko (91) skates against the Seattle Kraken during the first period at Madison Square Garden. Kaapo Kakko and Vincent Trocheck also scored in the three-goal opening period as the Rangers improved to 5-0-1 since revamping their lines. Ryan Lindgren, Jacob Trouba and Zibanejad added goals for New York, and Igor Shesterkin made 26 saves. Andreas Athanasiou finished with a goal and two assists, Colin Blackwell and Seth Jones also scored goals and Sam Lafferty added two assists for the Blackhawks. Mason McTavish scored in a two-point game and Trevor Zegras and John Klingberg added a goal apiece for the Ducks.

☆ 13 surprising things you probably didn't know about the Super Bowl
▼ + stars: | 2023-02-10 | by ( Louis Baragona | ) www.businessinsider.com time to read: 1 min

The Super Bowl has been around since 1967. Green Bay Packers coach Vince Lombardi accepts the trophy at the 1967 Super Bowl. APIn the very first Super Bowl on January 15, 1967, the Green Bay Packers beat the Kansas City Chiefs, 35-10, at the Los Angeles Memorial Coliseum. After their win, each player on the Packers team took home a $15,000 bonus. In comparison, every Chiefs player received a $124,000 bonus for their win at the 2020 Super Bowl.

Persons: Vince Lombardi Organizations: Green Bay Packers, AP, Kansas City Chiefs, Los Angeles Memorial, Packers, Chiefs

☆ Prince Harry’s memoir opens at a record-setting sales pace
▼ + stars: | 2023-01-12 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

NEW YORK — No, the public has not tired of hearing about Prince Harry. Sales for “Spare” have placed the Duke of Sussex in some rarefied company. The sales figures for “Spare” include hardcover, audiobook and e-book editions sold in the U.S., Canada and the United Kingdom. Angela Weiss / AFP - Getty ImagesOne of the most highly anticipated memoirs in recent times, “Spare” is Harry’s highly personal and intimate account of his life in the royal family and his relationship with the American actor Meghan Markle, Duchess of Sussex. Michelle Obama’s memoir has since sold more than 15 million copies worldwide, its sales holding up over time in part because of highly favorable reviews.

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