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☆ How the Gilgo Beach Suspect Wielded Power in Brownstone Brooklyn
▼ + stars: | 2023-07-21 | by ( Ginia Bellafante | More About Ginia Bellafante | ) www.nytimes.com time to read: +2 min

In his role as a consultant, Mr. Heuermann was often the person brought in to make these sorts of determinations. Like so many professions, architecture can be punishingly stratified, and Mr. Heuermann, who by all accounts was extremely knowledgeable about the city’s labyrinthine building codes, did not fall on the visionary side of the spectrum. Last week a friend called to say that someone had been apprehended in the Gilgo Beach murders and that, however astonishingly, we both knew him. Mr. Heuermann had been in her apartment — deeply aggravating in the moment and intensely creepy in retrospect — and had been rude and dismissive when her architect called him out on a miscalculation he made. During her own renovation, she told me, workers discovered some rotting beams between her apartment and the one above, a problem that Mr. Heuermann said needed to be remedied with drawings for the replacements, which he would produce.

Persons: Heuermann, Kelly Parisi Organizations: Fifth, AMS, Brooklyn Heights, Yale Locations: Massapequa, New York, Nantucket

☆ These 5 charts capture a rollercoaster 15 months for stocks, bonds, and crypto as the Fed pauses its tightening campaign
▼ + stars: | 2023-06-15 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Over the past 15 months, its monetary-tightening campaign fueled wild swings for stocks, bonds, and cryptocurrencies. The central bank didn't raise interest rates at the end of its June meeting Wednesday, opting not to lift borrowing costs for the first time in over 15 months. Stocks, bonds, and cryptocurrencies have all swung wildly over that period – and these five charts capture some of that chaos. When interest rates rise, stocks tend to fall because investors are able to earn better returns by parking their cash in a savings account, rather than buying shares in listed companies. Bond yields spikeBond prices also tend to slide when interest rates rise, again because would-be buyers can earn higher yields by depositing their cash in a bank.

Persons: —, –, Jerome Powell, they've Organizations: Federal Reserve, Service, Stock, Fed, Nasdaq, Dow Jones, Silicon Valley Bank, JPMorgan Chase, Western Alliance, Bitcoin Locations: Silicon, Francisco's, Beverly Hills

☆ Drawings done by King Charles as a small child go up for sale
▼ + stars: | 2023-06-14 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —Sweet crayon drawings by a very young King Charles III will show a different side to Britain’s royal family when they come up for auction this week. Emma Errington/Hansons AuctioneersIt is thought that Charles drew the crayon and pencil pictures of his parents between 1953 and 1955, when he would have been about 5 or 6 years old. The young prince chose a more sober black and white for his drawing of his father, Prince Philip. There are eight other drawings by the young Prince Charles, as he was at the time. There is also a cartoon-style illustration, thought to have been done between 1954 and 1956, which the young prince drew for his father.

Persons: King Charles III, Queen Elizabeth II, Prince Philip, Charles, Emma Errington, Charles ’ “ Papa ”, Hansons Auctioneers, Charles Hanson, “, Prince Charles, carmine, “ Charles ”, “ Happybright, ”, Papa, Princess Anne, ” CNN’s Oscar Holland Organizations: CNN Locations: Britain, “, London

Morgan Stanley analyst warned of potentially big swings for some of the regional banks it covers as the fallout for the crisis continues. Analyst Manan Gosalia downgraded Commerce Bancshares and Prosperity Bancshares to underweight from equal weight. Commerce Bancshares' new price target of $48 implies shares declining 3.5% from Monday's close. Meanwhile, the analysts' new price target of $60 per share for Prosperity Bancshares implies a 1% loss from where shares closed on Monday. To be sure, the analyst said that in the case deposit outflows do accelerate, Commerce Bancshares and Prosperity Bancshares would end up outperforming their peers due to their "generally more resilient funding profiles."

☆ Premarket stocks: The Fed could be on the verge of repeating its 1970s mistake
▼ + stars: | 2023-05-08 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

But Gary Richardson, a Federal Reserve historian, is worried policymakers — now contemplating taking a breather — still risk repeating mistakes from that era. A premature retreat could cause the Fed to lose its handle on the situation, presenting even grimmer options down the road. Quick rewind: The chair of the Federal Reserve at the time, Arthur Burns, hiked interest rates dramatically between 1972 and 1974. Inflation later roared back, forcing the hand of Paul Volcker, who took over at the Fed in 1979, Richardson said. But the comparisons reveal the high stakes for the Federal Reserve at a moment of acute uncertainty.

The off-balance sheet borrowings incurred after fiscal year 2021 will continue to be adjusted over the next three financial years, said one of the sources. However, from here on, any new off-balance sheet borrowings will be adjusted in the same year or the year after they have been incurred, the source added. In one year, the adjustment from borrowing requirements will not be more than 0.25% of gross state domestic product, said a the second source. Reuters GraphicsLower market borrowing by state governments was one factor that helped keep federal government bond yields in check in 2022-2023. State governments also had high cash balances at the start of the previous year, which helped bring down borrowings, said ICRA.

☆ Rare photo captures the moment the keys were turned on a US military 'doomsday' plane to launch an ICBM
▼ + stars: | 2023-04-25 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The US military test-launched a Minuteman III intercontinental ballistic missile last week. Newly released Air Force photos show the moment an airman turned the keys to initiate the launch. The launch was executed aboard a so-called 'doomsday' plane, and a newly released photo captures the moment an airman turned the keys to initiate the launch. US NavyUS Strategic Command said last week's launch is "part of routine and periodic activities" to ensure that Washington's nuclear capabilities are stable. Several times a year, an ICBM will be pulled from one of the Air Force Global Strike Command missile wings for an Operational Test Launch at Vandenberg.

☆ Morning Bid: Q1 was hard to get a handle on, and a choppy Q2 beckons
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

Pulling in one direction is a bank collapse that set interest rate expectations diving. After a month of wild swings for bonds and interest rate futures, rate expectations are settling around a peak in the Fed funds rate near 5% and then steady downhill from there. Euro zone inflation data later in the day can reinforce that, if it echoes stronger-than-expected German figures published on Thursday. Nerves on banks and lower U.S. Treasury yields have delivered investors into the arms of profitable, big cap technology companies. Q1 world marketsKey developments that could influence markets on Friday:Economics: Euro zone inflation, U.S. core PCEReporting by Tom Westbrook; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: What's behind bitcoin's latest surge?
▼ + stars: | 2023-03-22 | by ( Tom Wilson | ) www.reuters.com time to read: +5 min

The original and biggest cryptocurrency has been here before, its 15-year history peppered with dramatic price increases and equally vertiginous drops. Driving bitcoin's gains have been its core user base of retail investors, analysts said. In the past, too, dramatic price swings for bitcoin have been closely tied to shifts in monetary policy globally. In 2022, bitcoin plummeted over 65% as higher rates triggered the fall of a major crypto token, precipitating the closure of major hedge funds and crypto lenders. To be sure, some investors say developments to bitcoin's intrinsic characteristics are now capable of supporting its price.

☆ 3D printer company pays $2.77 mln for violating China export curbs -Commerce Dept
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Feb 27 (Reuters) - 3D Systems Corp on Monday agreed to pay $2.77 million in penalties to settle with the U.S. Commerce Department for illegally exporting to China controlled design drawings for military electronics and spacecraft, the Commerce Department said. In addition to the Commerce settlement, the company also entered into agreements with the Department of State and the Department of Justice, the agency said in a statement. Rock Hill, South Carolina-based 3D Systems, which provides 3D printing and other services to customers in the U.S. and abroad, emailed design documents, blueprints and technical specification to Quickparts.com, Inc., its then-subsidiary's office in China for price quotes, the Commerce Department said. The emails included design drawings for military electronics and the development and operation of spacecraft that required U.S. export licenses to send to Guangzhou City. 3D Systems did not immediately respond to a request for comment.

☆ 3D printer company to pay U.S. up to $27 mln for violating export curbs to China
▼ + stars: | 2023-02-27 | by ( Karen Freifeld | ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 27 (Reuters) - 3D Systems Corp on Monday agreed to pay up to $27 million to settle with the U.S. for illegally exporting to China controlled design drawings for military electronics and spacecraft, among other violations. Besides the Commerce Department, the company also settled with the U.S. Department of Justice and the U.S. Department of State. The Commerce Department penalty is for $2.8 million. In addition to the aerospace documents, the Commerce Department said, 3D Systems exported metal alloy powder to China without a license, although it is restricted for national security and nuclear nonproliferation reasons. "The company is pleased to have reached a settlement with the agencies and remains committed to continuing to enhance its export controls program," 3D Systems said in a statement.

☆ One year of war in Europe: How the dollar, energy and food prices swirled
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +6 min

LONDON, Feb 24 (Reuters) - Russia's invasion of Ukraine has disrupted economies and markets around the world, from energy and food prices to European banks, emerging market stocks and the Russian currency. Below are five charts that show how Europe's biggest conflict since World War Two has shaped global financial markets in the last 12 months. But when Russian tanks rolled into Ukraine in late February, European natural gas prices rocketed by almost 400% in two weeks. Energy prices soared, bringing the threat of blackouts, recession and a worrying switch back to dirtier sources of fuel. Food price pressures are easing, but that does little to soften the blow for many developing nations, where food and energy prices make up a larger share of spending.

WHAT CAN’T chicken wings do? The key ingredient, nam yu (fermented red bean paste), delivers impressive funk, tang and heat. Ms. Lin marinates the wings for 24 hours, gives them a good char and serves them with a ginger-scallion sauce. Though she’s not a follower of football, her wings have become her signature Super Bowl contribution. “I think that’s honestly the best party food,” she said.

☆ Factbox: Will Ukraine get Western fighter jets and what are the challenges?
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +4 min

LONDON, Feb 9 (Reuters) - Ukraine's President Volodymyr Zelenskiy said on Thursday several Western countries were ready to provide Kyiv with aircraft to defeat Russia's invasion. Ukraine has been asking allies to provide modern fighter jets - dubbed "wings for freedom" in Zelenskiy's speech to British lawmakers this week - to replace its ageing fleet of Soviet MiG and Sukhoi planes. WILL UKRAINE GET THE FIGHTER JETS? Swedish Prime Minister Ulf Kristersson did not rule out sending fighter jets but played down expectations, saying the issue was not on Stockholm's agenda at the moment. The Kremlin has said that Western countries would be moving towards direct conflict with Russia if they send jets.

☆ Ukraine's Zelenskiy tells France, Germany to provide 'game changing' weapons
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

[1/5] French President Emmanuel Macron, Ukraine's President Volodymyr Zelenskiy and German Chancellor Olaf Scholz arrive to give a joint statement, at the Elysee Palace in Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier/PoolPARIS, Feb 8 (Reuters) - France and Germany have the opportunity to be "game changers" in the war against Russia by not hesitating in delivering heavy weapons and modern fighter jets to Ukraine, President Volodymyr Zelenskiy said during a visit to Paris on Wednesday. I'm talking now about the weapons needed for peace and to stop the war started by Russia," Zelenskiy said. "France and Germany have the potential to be game changers and that's how I see our talks today. The sooner we get heavy long range weapons and our pilots get modern planes ... the quicker this Russian aggression will end."

"When you think about traditional drug and vaccine development and longevity of sales, it's usually much more spread out," Morningstar analyst Damien Conover said. The sudden inflow of revenue should prod companies to strike deals and link up with new partners, he said. Vaccine maker Moderna also expects 2023 revenue to fall sharply. The company's only product - its messenger RNA COVID vaccine - pulled in around $18.4 billion in 2022. Eli Lilly and Co (LLY.N) made $2 billion in 2022 from monoclonal antibody COVID treatments and is not expecting any revenue from the business in 2023.

☆ Earnings playbook: Your best moves ahead of Chipotle, Disney and the second half of reporting season
▼ + stars: | 2023-02-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

Roughly 50% of S & P 500 companies have posted earnings thus far, and the results have been mixed. Tuesday Chipotle Mexican Grill is set to report earnings after the bell, followed by a conference call at 4:30 p.m. What history shows: Data from Bespoke Investment Group shows Chipotle beats earnings expectations 76% of the time and averages a 1.7% gain on earnings day. What history shows: Bespoke data shows Disney beats earnings per share estimates nearly 80% of the time. What history shows: PayPal earnings have beaten analyst earnings expectations nine of the last 10 quarter, according to FactSet.

☆ Goldman Sachs' commodities team reportedly raked in $3 billion in 2022, with wild swings fueling one of its best years ever
▼ + stars: | 2023-02-02 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Goldman Sachs' commodities traders pulled in $3 billion in revenue in 2022, Bloomberg reported Thursday, marking a near-record performance. Traders profited from big prices swings for energy, metals and other natural resources after Russia invaded Ukraine last year. The investment bank posted financial results last month but doesn't break out revenue and profit generated at the commodities desk. For total trading in fixed income, currencies and commodities, revenue jumped 38% to $14.68 billion. Sources told Bloomberg that commodities trading alone brought in over $3 billion, well above revenue of about $2 billion in the prior two years and approaching the high of $3.4 billion in 2009.

☆ I followed Nancy Pelosi's diet of breakfast ice cream and hot dogs for a week, and I ping-ponged between euphoria and the depths of despair
▼ + stars: | 2023-01-31 | by ( Sophie Kleeman | ) www.businessinsider.com time to read: +22 min

My research found that Pelosi eats ice cream for breakfast, hot dogs for lunch, pasta, and chocolate. Chocolate ice cream for breakfast, rich and creamy pasta, and lots of snacking chocolate. She claims she does not exercise; her daughter once arrived home to find her mother eating chocolate ice cream while using a stationary bike. I save the ice cream for later to avoid a massive sugar crash and start out with a cup of black tea instead. However, I don't want to slack off after the ice cream episode, so I slather it on.

☆ India's FY24 gross borrowing could be less than expected -economists
▼ + stars: | 2023-01-25 | by ( Reuters Staff | ) www.reuters.com time to read: +3 min

MUMBAI (Reuters) - India’s central government’s gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in goods and services tax may not be rolled over, a few economists said. The government’s gross borrowing is expected to be a record 16 trillion rupees (about $196 billion) for the fiscal year through March 2024, according to a Reuters poll of economists. Once we knock these off, the ‘true’ gross borrowing comes to 15.8 trillion rupees,” the economists estimated. India borrowed 1.1 trillion rupees and 1.59 trillion rupees in 2020-21 and 2021-22, respectively, to lend to states and compensate for a revenue shortfall from tax collections. After adjusting for the redemption of such bonds in 2022-23, IDFC First Bank expects gross borrowing of 15.50 trillion rupees.

☆ Don't rule out further inflation surprises yet, and here are 3 ways for investors to predict them, Goldman Sachs says
▼ + stars: | 2023-01-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Inflation is beginning to moderate in developed markets, but potential data surprises remain a risk to investors. Goldman Sachs suggests three areas that investors can watch in order to help predict these inflation surprises. Commodity prices, currency movements, and regional inflation figures are key areas to look for future surprises. But, according to Goldman Sachs, surprises still abound and can shock markets if too much bullishness is priced in. "The significant slowdown in global headline and core inflation that we anticipate in 2023 will likely eventually lower market sensitivity to inflation surprises," Goldman analysts wrote.

☆ ‘Avatar: The Way of Water’ gives James Cameron his first $100 million domestic debut
▼ + stars: | 2022-12-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —The highly anticipated “Avatar: The Way of Water” took in $134 million at the US box office, giving director James Cameron his first $100 million opening weekend — despite falling short of analyst predictions. “Avatar: The Way of Water” has so far earned $435 million at the global box office. Though Cameron hasn’t revealed exactly how much it cost to make the “Avatar” sequel, one answer isn’t in doubt: a lot. In 2009, “Avatar” earned $77 million in its opening weekend and collected 80% of its gross from 3D showings. “The Way of Water” notched the second highest all-time IMAX global opening weekend and the biggest IMAX December global opening ever.

☆ 'Avatar: The Way of Water' makes $17 million in Thursday previews, driven by big 3D sales
▼ + stars: | 2022-12-16 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

James Cameron's "Avatar: The Way of Water" snared $17 million during its Thursday night previews on its way towards a $175 million opening weekend. Premium formats will be a big factor in the film's opening weekend and its overall box office run. EntTelligence estimates that for "The Way of Water" 3D tickets will average around $16.50 each while 2D will cost around $12.50 a piece. Meanwhile, in Asia-Pacific, which includes Korea, Thailand, Indonesia and the Philippines, 39% of box office receipts were for these more expensive showings. The film had incredible staying power at the box office, running in theaters through August 2010, a staggering 234 days.

☆ Best Balance-Transfer Credit Cards
▼ + stars: | 2022-12-07 | by ( ) www.wsj.com time to read: +16 min

We looked through cards from both large national banks and smaller credit unions to find the best 0% balance transfer offers that can help you pay down credit card debt. In addition to being the best balance transfer card, the Unlimited Cash Rewards card remains useful after you have paid off your credit card balance. While balance transfer credit cards can be a great tool for paying down debt, transferring your balance to a new credit card is not usually free. How We PickedTo pick Buy Side from WSJ’s Best Balance Transfer Credit Card, we looked for no-annual-fee credit cards offering balance transfers for new customers with 0% APR promotions. We preferred credit cards with longer balance transfer promotional periods and lower balance transfer initiation fees.

☆ Fact Check-Election graphs published by Mike Lindell do not indicate U.S. voter fraud
▼ + stars: | 2022-11-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +9 min

A series of graphs published by My Pillow CEO Mike Lindell on his social media channels and livestreams appearing to show real-time U.S. midterm election updates do not indicate or prove fraud, experts told Reuters. Lindell published four graphs on his Instagram account purporting to show real-time vote counts during the elections. But such ‘spikes’ seen in graphs using unofficial election data do not indicate or provide proof of fraud, with races rarely officially called on election night (here). The four graphs appearing to show real-time midterm election data do not point to fraud or nefarious activity. Visualizing unofficial vote counts in real-time where the incoming data may be non-uniform in distribution can lead to apparent “spikes” in graphs, experts told Reuters.

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