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☆ Business Insider changes back to its former name as Henry Blodget leaves CEO role
▼ + stars: | 2023-11-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many reinventions. In a statement, the company said she “played a pivotal role in skillfully steering Business Insider through the challenges of a pandemic and the sharp downturn in the advertising industry, while simultaneously fine-tuning Business Insider’s strategy.”Blodget, a former analyst who was charged with civil securities fraud in 2003 and barred from the securities industry, isn’t leaving Business Insider. The publication was originally named “Silicon Alley Insider” when it was launched in 2007, focusing on coverage of the New York business community, before changing its name to Business Insider two years later. A general news website called “Insider” was launched a year later. A return to Business Insider “reaffirms our center of gravity around business, tech, and innovation,” Peng wrote.

Persons: New York CNN — Henry Blodget, Barbara Peng, “, ”, Axel Springer, ” Peng, we’ve Organizations: New, New York CNN, “, Business Locations: New York

Nov 13 (Reuters) - Donald Trump Jr. testified on Monday about what he called the "sexiness" of his father's real estate portfolio, in his second time taking the stand in the former U.S. president's civil fraud trial. Donald Jr. said the "sexiness" of his father's real estate projects attracted licensing deals with other developers who wanted to emulate his style. "Let him go ahead and talk about how great the Trump Organization is," said Engoron, who has defended himself during the trial from allegations of bias from Trump and his lawyers. Donald Jr., Eric and Ivanka Trump said they were not involved in preparing their father's financial statements and left bookkeeping at the Trump Organization to accountants. Engoron has ordered the dissolution of companies that control pillars of Trump's real estate portfolio, including Trump Tower in Manhattan.

Persons: Donald Trump Jr, Donald Trump, Letitia James, Trump, Clifford Robert, Donald Jr, James, Arthur Engoron, Engoron, Colleen Faherty, Jane Rosenberg, Eric Trump, Ivanka Trump, Eric, Joe Biden, Jack Queen, Noeleen Walder, Daniel Wallis, Nick Zieminski, Jonathan Oatis Organizations: New York, Trump, Trump Organization, Court, REUTERS, Democratic, Republican, Thomson Locations: U.S, Manhattan, Hawaii, New York, New York City

☆ Manhattan real estate brokerages are sued for inflating commissions
▼ + stars: | 2023-11-13 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real estate in Manhattan. That verdict, which a judge can triple to more than $5.3 billion, could upend decades-old practices that require sellers to pay commissions to buyers' brokers. March said it is unclear whether this would result in lower commissions, or delay sales while buyers' brokers negotiate with sellers. The lawsuit seeks damages for sellers of Manhattan residential property in the last four years who paid buyer brokers' commissions under REBNY rules. The case is March v. Real Estate Board of New York et al, U.S. District Court, Southern District of New York, No.

Persons: Douglas, Mike Segar, Douglas Elliman, Monty, Carl Hum, Corcoran, REBNY, Jonathan Stempel, Jonathan Oatis Organizations: REUTERS, Real, Board, New, Corcoran, National Association of Realtors, NAR, ., Court, Southern District of, Thomson Locations: Manhattan's, New York City , New York, U.S, New York, Manhattan, Missouri, Brooklyn, Southern District, Southern District of New York

☆ Special counsel says Trump seeking 'carnival atmosphere' at 2020 election trial
▼ + stars: | 2023-11-13 | by ( Andrew Goudsward | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. Dave Sanders/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - U.S. Special Counsel Jack Smith on Monday accused Donald Trump of seeking to create a “carnival atmosphere” at his upcoming trial on charges that he sought to overturn his 2020 election defeat by calling for the proceedings to be televised. Trump has pleaded not guilty to charges that he conspired to illegally subvert the results of the 2020 election, which he lost to Biden. Trump has pleaded not guilty in the other cases as well. Reporting by Andrew Goudsward; Editing by Scott Malone and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Dave Sanders, Jack Smith, Smith, Trump, Joe Biden's, Biden, Andrew Goudsward, Scott Malone, Lisa Shumaker Organizations: U.S, Trump Organization, Court, Rights, ” Prosecutors, Republican, Prosecutors, Trump, Thomson Locations: New York, Manhattan, New York City, U.S

Former U.S. President Donald Trump's son and co-defendant, Donald Trump Jr., attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 1, 2023. REUTERS/Mike Segar/Pool/File Photo Acquire Licensing RightsNov 13 (Reuters) - Donald Trump Jr. is set to testify again on Monday in his father's civil fraud trial, this time called by the defense to field questions about the former U.S. president's family real estate business. Donald Jr. has already been called as a witness by the attorney general’s office, along with his father and brother Eric Trump. Donald Jr., Eric and Ivanka Trump said they were not involved in preparing their father’s financial statements and left bookkeeping at the Trump Organization to accountants. Engoron has ordered the dissolution of companies that control pillars of Trump's real estate portfolio, including Trump Tower in Manhattan.

Persons: Donald Trump's, Donald Trump Jr, Mike Segar, Donald Trump, Letitia James, Trump, Donald Jr, Eric Trump, Ivanka Trump, James, Eric, Arthur Engoron, Engoron, Joe Biden, Jack Queen, Noeleen Walder, Daniel Wallis Organizations: U.S, Trump Organization, Court, REUTERS, New York, Trump, Democratic, Republican, Thomson Locations: New York, Manhattan, New York City, U.S

☆ Secret Service agents protecting Biden's granddaughter open fire when 3 people try to break into SUV
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: +1 min

Secret Service agents protecting President Joe Biden's granddaughter opened fire after three people tried to break into an unmarked Secret Service vehicle in the nation's capital, a law enforcement official told The Associated Press. One of the agents opened fire, but no one was struck by the gunfire, the Secret Service said in a statement. The three people were seen fleeing in a red car, and the Secret Service said it put out a regional bulletin to Metropolitan Police to be on the lookout for it. Washington has seen a significant rise in the number of carjackings and car thefts this year. In February, U.S. Rep. Angie Craig of Minnesota was assaulted in her apartment building, suffering bruises while escaping serious injury.

Persons: Joe Biden's, Naomi Biden, Henry Cuellar, Angie Craig of Minnesota Organizations: Associated Press, Service, Metropolitan Police, Police, U.S . Rep, Capitol Locations: Georgetown, Washington, Henry Cuellar of Texas

☆ Morning Bid: Sidestepping Moody's rating twist
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. It's the last of the three major rating agencies to maintain a top rating for the U.S. Treasury as Fitch lowered its rating in August and S&P removed its AAA in 2011. On one level, there's some relief the AAA rating was maintained despite the darker outlook. And that would at least keep the Federal Reserve at bay despite its warnings last week that another rate hike was still on the table. Line chart with data from LSEG Eikon show the U.S. consumer price index inflation, core CPI inflation and federal funds target rate from Jan. 2019 to Sep. 2023.

Persons: Brendan McDermid, Mike Dolan, Fitch, William Foster, Mike Johnson, China's, Joe Biden, Xi Jinping, Suella Braverman, David Cameron, Lisa Cook, Bank of England policymaker Catherine Mann, Tyson, Henry Schein Organizations: New York Stock Exchange, REUTERS, U.S . Treasury, AAA, Reuters, . House, Republican, Treasury, Federal Reserve, Tyson Foods, Walmart, Bank of England, Moody's, U.S . AAA, Thomson Locations: New York City, U.S, Wall St, San Francisco, New York

WASHINGTON (AP) — Secret Service agents protecting President Joe Biden’s granddaughter opened fire after three people tried to break into an unmarked Secret Service vehicle in the nation’s capital, a law enforcement official told The Associated Press. One of the agents opened fire, but no one was struck by the gunfire, the Secret Service said in a statement. The three people were seen fleeing in a red car, and the Secret Service said it put out a regional bulletin to Metropolitan Police to be on the lookout for it. Washington has seen a significant rise in the number of carjackings and car thefts this year. In February, U.S. Rep. Angie Craig of Minnesota was assaulted in her apartment building, suffering bruises while escaping serious injury.

Persons: Joe Biden’s, Naomi Biden, Henry Cuellar, Angie Craig of Minnesota Organizations: WASHINGTON, Associated Press, Service, Metropolitan Police, Police, U.S . Rep, Capitol Locations: Georgetown, Washington, Henry Cuellar of Texas

People walk across the plaza of the U.S. Supreme Court building on the first day of the court's new term in Washington, U.S. October 3, 2022. The court takes up appeals when at least four of its nine justices agree to hear a case. Jackson described Johnson's solitary confinement as "unusually severe," noting that "prison officials completely deprived Johnson of exercise for nearly all of his incarceration" at Pontiac Correctional Center. Johnson has a history of mental illness, including depression and bipolar disorder, and suicide attempts, according to his lawyers. Johnson sought monetary damages, medical treatment and other relief in the lawsuit accusing prison officials of violating the Eighth Amendment by denying him exercise for a prolonged period.

Persons: Jonathan Ernst, Michael Johnson's, Johnson, Justice Ketanji Brown Jackson, Sonia Sotomayor, Elena Kagan, Jackson, Kwame Raoul, Daniel Greenfield, compulsively, Johnson's, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Pontiac Correctional Center, Illinois Democratic, Circuit, Thomson Locations: Washington , U.S, Illinois, Chicago, Washington, New York

The U.S. Supreme Court building is seen on the day that Justices Clarence Thomas and Samuel Alito released their delayed financial disclosure reports and the reports were made public in Washington, U.S., August 31, 2023. The court released its code "to set out succinctly and gather in one place the ethics rules and principles that guide the conduct of the members of the court," according to a brief introductory statement. Unlike other members of the federal judiciary, the Supreme Court's life-tenured justices had long acted with no binding ethics code. Most of the ethics revelations in recent months involved Justice Clarence Thomas, one of the court's most conservative members. The issue had become an political flashpoint, with Democrats in Congress calling on the court to adopt an ethics code, while many Republicans viewed the ethics narrative involving the court as cooked up by liberals upset at its rightward leanings.

Persons: Clarence Thomas, Samuel Alito, Kevin Wurm, Thomas, Harlan Crow, ProPublica, Koch, Anthony Welters, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Republicans, Democrats, Thomson Locations: Washington , U.S, Texas, New York

☆ US Supreme Court seeks Biden administration view on US Soccer antitrust case
▼ + stars: | 2023-11-13 | by ( Mike Scarcella | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

The justices are considering whether to hear U.S. Soccer's appeal of a lower court's decision to allow the lawsuit by New York-based Relevent Sports to proceed. The lawsuit, filed in 2019 in Manhattan federal court against U.S. Soccer and FIFA, claimed the ban violated American antitrust law and sought to stop the two organizations from implementing it. U.S. Soccer is a member of FIFA, soccer's international governing body. The United States hosts "friendly" games involving foreign professional teams, but the games do not count in league standings. U.S. soccer has argued that it had no role as a FIFA member in forming the international organization's 2018 policy banning foreign clubs from holding competitive matches outside the teams' home countries.

Persons: Joe Biden's, Relevent's, Mike Scarcella, Will Dunham Organizations: U.S, Supreme, U.S . Soccer, FIFA, Soccer, soccer's, United States, Circuit, Appeals, Thomson Locations: United States, New York, Manhattan, U.S, York

☆ AOL (TWX): Update on Next Week's Firings
▼ + stars: | 2023-11-13 | by ( Henry Blodget | ) www.businessinsider.com time to read: +1 min

Unfortunately, some of our AOL moles were pole-axed in the October massacre, and management is doing a better job of keeping the details of this months' firings under wraps. We've also heard that next week's firings were planned way back in September, as the second part of a two-part purge, which also explains why there's less chatter about them. In any event, word is the Products and Sales teams are going to take the brunt of the whackage. We regret to be the bearers of this bad news, and we wish everyone in Dulles and New York the best. Or Just Tying Up Old OnesAOL: More Firings Coming?

Persons: Bethany Clarke, We've Organizations: Products, AOL Locations: Dulles and New York

☆ Stocks making the biggest moves premarket: Tyson Foods, Boeing, Monday.com and more
▼ + stars: | 2023-11-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell: Monday.com — Shares of the project management company jumped 10% after Monday.com reported a strong quarter and issued a rosy forecast. Monday.com reported third-quarter earnings and revenue of 64 cents per share on revenue of $189.2 million. Tyson Foods — The food products company fell 3.3% in premarket trading after Tyson's fiscal fourth-quarter revenue came in weaker than expected. Boeing — Shares rose 3.25% after Emirates Airlines announced the purchase of 95 Boeing aircraft for a total of $52 billion. TripAdvisor — Shares of the online booking company added 2.3% after Bernstein upgraded TripAdvisor to outperform from market perform.

Persons: Monday.com, FactSet, Matt Gline, Roche, Bernstein, GitLab, Henry Schein, — CNBC's Michelle Fox, Alex Harring, Jesse Pound, Pia Singh Organizations: Tyson, Boeing, Emirates Airlines, Sciences, Roivant Sciences, Revenue, HP Inc, Citi

☆ Britain’s Royal Mail can’t deliver letters and parcels on time
▼ + stars: | 2023-11-13 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —An entire museum in London is dedicated to celebrating the 500-year-long history of British postal services. Royal Mail, the official postal service of the United Kingdom, cannot deliver letters and parcels on time, according to the country’s communications regulator. Royal Mail has struggled with falling demand for parcel deliveries as hard-pressed consumers cut spending and as a surge in online shopping during the Covid-19 pandemic has faded. “Last year was uniquely challenging for Royal Mail,” the postal and delivery services group said in a statement Monday. It’s the second time in three-and-a-half years that Ofcom has fined Royal Mail for late deliveries.

Persons: “, ”, Ian Strawhorne, King Henry VIII, “ rightsize, hasn’t, Strawhorne Organizations: London CNN, Mail, Ofcom, London, Royal Mail, Royal, International Distributions Services, Stansted Airport, Services Locations: London, United Kingdom, British

☆ Stocks making the biggest moves midday: Tesla, Warner Bros. Discovery, Boeing, HP and more
▼ + stars: | 2023-11-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Buyers could face possible legal action and Tesla may also refuse to sell future EVs to that individual or entity. Plug Power — Shares of the hydrogen developer added 1% after falling earlier in the session and plunging 40% Friday. On Monday, Wolfe Research downgraded Plug Power to peer perform from outperform, citing execution risk for financing operations. The downgrade came after Plug Power on Friday issued a going concern warning . The firm noted that the company recently topped consensus earnings estimates and expressed optimism over Health Catalyst's strong product portfolio and tech-enabled managed services (TEMS).

Persons: Tesla, Guggenheim, Wolfe, CrowdStrike, Henry Schein —, Henry Schein, Piper Sandler, GitLab, —, Sarah Min, Hakyung Kim, Alex Harring, Jesse Pound, Pia Singh, Tanaya Macheel Organizations: Warner Bros, Discovery, Boeing —, Dubai carrier Emirates, Boeing, Bloomberg, Nvidia —, Wolfe Research, StreetAccount, Tyson, Stifel, CrowdStrike Locations: China

☆ The ‘Georgists’ Are Out There, and They Want to Tax Your Land
▼ + stars: | 2023-11-12 | by ( Conor Dougherty | More About Conor Dougherty | ) www.nytimes.com time to read: +2 min

From 2011 to 2015, about 100,000 properties — more than a quarter of the Detroit lots — were auctioned in tax foreclosures, according to Regrid, a Detroit-based provider of parcel data nationally. (Speculators recently made money after the city bought out vacant lots to help revive an auto plant that would bring jobs to the area.) Mr. Allen said his main project at the agency was finding new ways to stimulate growth that didn’t rely on grants and tax breaks. After reading “Progress and Poverty” years earlier, he’d become obsessed with the problem of speculation, and suggested a land-value tax. A tax break for residents — paid for by nameless investors who are “taking advantage of the city” — would seem like a political layup.

Persons: Duggan, Nick Allen, Allen, he’d, Henry George, — Organizations: Massachusetts Institute of Technology, Mr, Poverty Locations: Detroit

☆ Barbra Streisand, in Her Own Words
▼ + stars: | 2023-11-12 | by ( Desiree Ibekwe | More About Desiree Ibekwe | ) www.nytimes.com time to read: +1 min

This year’s memoirs have kept ravenous consumers of celebrity culture well fed. Now, Barbra Streisand joins their ranks with “My Name Is Barbra,” a memoir released on Tuesday. At almost 1,000 pages, “it’s not a book you inhale,” the Times critic at large, Wesley Morris, writes. “Streisand is poring over, pouring out, her life.”Her childhood, in a Brooklyn housing project, was emotionally fraught. Her father died when she was just over a year old; her mother was emotionally unavailable, and her stepfather was distant.

Persons: Prince Harry plumbed, Britney Spears, Elliot Page, Patrick Stewart, Henry Winkler, Kerry Washington, Pamela Anderson, Barbra Streisand, “, ”, “ it’s, Wesley Morris, Streisand, Fanny Brice, Marlon Brando, Pierre Trudeau Organizations: Paris Hilton, Greenwich Village, Canadian Locations: Brooklyn

☆ What we'd like to see from 3 economic readings and 2 earnings reports next week
▼ + stars: | 2023-11-11 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major averages advanced again this week as earnings results came in largely better than expected, interest rates stabilized and oil prices dropped below $80 a barrel. Looking ahead, we'll get a couple more earnings results and some key inflationary data to chew on. In this past week, we bought 150 shares of DuPont (DD) and added 75 shares of Wynn Resorts (WYNN). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Wynn Resort's, WYNN, we'll, That's, —, we're, it's, PANW, Tyson, Henry Schein, Spero, Sanara, Sara Lee Corp, JD.com, Woodward, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: Nasdaq, Dow Jones, Coterra Energy, Emerson, Disney, PPI, TJX, Palo Alto Networks, DuPont, Wynn Resorts, WYNN, Tyson Foods, TSN, Tower Semiconductor, Partners, Genius Sports, Spero Therapeutics, Star Bulk Carriers Corp, Beauty Health, Asure, Gladstone Capital Corp, TeraWulf Inc, Harrow Health, Afya, Sea, Paysafe Group Holdings, Solar Inc, Aramark Holdings Corp, Lending, Holding, BioXcel Therapeutics, IHS Inc, Rewalk Robotics, Acurx Pharmaceuticals, Energizer Holdings, Power Solutions, Rekor Systems, Wine Estates, Momentus Inc, SIGMA Lithium Corporation, AlTi, QuickLogic Corporation, Arcturus Therapeutics, Dada Nexus, Solutions, Target Corp, Parts, ZIM Integrated Shipping Services, Alto Networks, Cisco Systems, Chemical & Mining Co, PennantPark Investment Corp, Copa Holdings S.A, Walmart, Arcos Dorados Holdings, ARCO, NICE, Body, Warner Music Group Corp, Ross Stores, Homes, Dolby Laboratories Inc, American Software, ESCO Technologies, ZTO, International, BJ's Wholesale, Jim Cramer's Charitable, CNBC, Maxx Locations: Macau, Chile, Cayman, Pasadena , California

☆ $29 flights are back as airlines race to fill seats in the off-season
▼ + stars: | 2023-11-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Southwest Airlines , for example, last month offered one-way fares of $29 for flights early in the morning or at night, just one example of airline discounting for off-peak periods. Airlines have scheduled a record 259.8 million seats for domestic flights in the fourth quarter, up nearly 8% from last year, on 1.86 million flights, up 6% from 2022, according to aviation-data firm Cirium. United Airlines said it expects to fly 5.9 million passengers from Nov. 17 to Nov. 29, up 13% from last year and 5% more than 2019. That means they could increase their inventory of cheaper basic economy fares during weaker demand periods, or raise fares when demand is high for premium seats.

Persons: Luke Sharrett, Ryan Green, Scott Keyes, airfare, Bob Jordan, Jordan, Barry Biffle, we're, Hopper, that's, Biffle, Henry Harteveldt Organizations: Frontier, Spirit Airlines, Indianapolis International Airport, Bloomberg, Getty, Texas — Airlines, Southwest Airlines, Skift Aviation, Airlines, JetBlue Airways, Budget, JetBlue, Frontier Airlines, . Frontier Airlines, CNBC, Delta Air Lines, United Airlines, American Airlines, Southwest, Atmosphere Research Locations: Indianapolis , Indiana, Texas, Miramar , Florida, Orlando, Vegas

☆ Civil rights complaints allege UPenn and Wellesley allowed antisemitism to ‘run rampant’
▼ + stars: | 2023-11-10 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —A Jewish legal rights advocacy group has alleged that the University of Pennsylvania and Wellesley College have violated federal civil rights law by allowing for discrimination against Jews. The Brandeis Center, a Jewish civil rights legal organization, filed civil rights complaints with the US Department of Education on Thursday, alleging both schools failed to adequately respond to harassment of Jews. “These colleges and universities have failed to keep Jewish students safe and are in clear violation of well-established federal civil rights law,” Kenneth Marcus, founder and chairman of the Brandeis Center, said in a statement. The complaints argue both schools have violated Title VI of the Civil Rights Act of 1964, which protects people from discrimination in programs or activities that receive federal financial assistance. The 27-page complaint alleges “Penn’s nurturing of a hostile environment toward Jewish students is a patent violation of” Title VI.

Persons: ” Kenneth Marcus, “ There’s, ” Marcus, ”, UPenn, Wellesley, “ Penn, Brandeis, Liz Magill, Magill, ” Magill, Paula Johnson, ” Johnson, “, RAs, Wellesley’s, CNN’s Rene Marsh, Miguel Cardona, wouldn’t, Cardona, ” Cardona, Henry Swieca, Swieca Organizations: New, New York CNN, University of Pennsylvania, Wellesley, Brandeis Center, US Department of Education, Civil, College, FBI, Ivy League school’s, of Pennsylvania, Penn, CNN, of Education, Ivy League, Columbia Business School, Wall Street, Board, School, ” Locations: New York, Israel, UPenn, Palestine, Wellesley, Gaza, Columbia

Parts of a ghost gun kit are on display at an event held by U.S. President Joe Biden to announce measures to fight ghost gun crime, at the White House in Washington U.S., April 11, 2022. Circuit Court of Appeals sided with a group of firearm owners, gun rights groups and manufacturers in declaring the Bureau of Alcohol, Tobacco, Firearms and Explosives' 2022 rule "unlawful." "ATF, in promulgating its final rule, attempted to take on the mantle of Congress to 'do something' with respect to gun control," he wrote. The administration has said that ghost guns are attractive to criminals and others prohibited from lawfully buying firearms, including minors. There were about 20,000 suspected ghost guns reported in 2021 to the ATF as having been recovered by law enforcement in criminal investigations - a tenfold increase from 2016, according to the White House.

Persons: Joe Biden, Kevin Lamarque, Biden, Donald Trump, Kurt Engelhardt, Cody Wisniewski, Nate Raymond, Michael Perry Organizations: U.S, White, REUTERS, Circuit, Alcohol, Tobacco, Firearms, Explosives, Republican, Gun Control, U.S . Department of Justice, Coalition Action Foundation, ATF, Biden, Thomson Locations: Washington U.S, New Orleans, Texas, U.S ., Boston

☆ ConocoPhillips' $8 billion Willow project approvals upheld by US judge
▼ + stars: | 2023-11-10 | by ( Clark Mindock | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies US judge upholds approvals for $8 billion Willow projectGroups say they are considering an appealNov 9 (Reuters) - A federal judge in Alaska on Thursday upheld U.S. approvals for ConocoPhillips’ multibillion-dollar Willow oil and gas drilling project in the state’s Arctic, rejecting environmental and tribal groups' concerns that the project poses too large of a climate threat. U.S. District Judge Sharon Gleason in Anchorage dismissed a lawsuit filed by environmental and tribal groups challenging the $8 billion project's approvals, which the U.S. Opponents claim the project would release hundreds of millions of tons of carbon pollution into the atmosphere, aggravating climate change and damaging pristine wilderness. The approvals give ConocoPhillips permission to construct three drill pads, 25.8 miles of gravel roads, an air strip and hundreds of miles of ice roads. The environmental and tribal groups challenged the approvals in two lawsuits filed in March.

Persons: Brendan McDermid, Sharon Gleason, Gleason, Erik Grafe, ConocoPhillips didn't, Joe Biden's, Iñupiat, Ian Dooley, Carole Holley, Earthjustice, Bridget Psarianos, Suzanne Bostrom, Rickey Turner, Paul Turcke, Ryan Steen, Whitney Brown, Jason Morgan, Luke Sanders, Stoel, Clark Mindock Organizations: ConocoPhillips, New York Stock Exchange, REUTERS, ConocoPhillips ’ multibillion, U.S, U.S . Interior Department, Earthjustice, Interior Department, of Land Management, Center for Biological Diversity, Sierra Club, Environmental, of Land, for Biological, District of, Trustees, U.S . Department of Justice, Thomson Locations: New York City, U.S, Alaska, Anchorage, District of Alaska

Friday's early calls include an upgrade to a restaurant software stock and a big downgrade to a solar name. The bank downgraded Unity stock to neutral from outperform, also slashing its target price to $20 from $55. Analyst Doug Anmuth's updated price target of $510 could mean that there's still 17% room for the stock to go. Analyst Jonathan Block's price target of $70 signifies a 13% upside from the stock's Thursday closing price of $62.16. Koning has a price target of $18 per share, implying upside of nearly 30% over the next 12 months.

Persons: Baird, Tim Nollen, Lisa Kailai Han, Carlo Santarelli, — Lisa Kailai Han, JPMorgan downgrades, Drew Chamberlain, Doug Anmuth's, Anmuth, NFLX, Henry Schein, Jonathan, Freyr, BTIG, Gregory Lewis, FREY, Lewis, Stephens, Joshua Long . Long, Long, Portillo's, Mgmt, Chris Dendrinos, Dendrinos, Baird Baird, David Koning, Koning, — Fred Imbert, Julien Dumoulin, Smith, Fred Imbert Organizations: CNBC, Bank of America, Macquarie, Unity, Wynn Resorts, Deutsche Bank, JPMorgan, JPMorgan downgrades Enviva, Netflix, FR, European Union, RBC Capital, FTC Solar Bank of America, FTC Solar, FTC Locations: Macquarie, Unity, UAE, Boston, Norway, Portillo's, Thursday's

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Plug Power, Toast BJ's, Arm, Occidental & more
▼ + stars: | 2023-11-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wolfe reiterates Nvidia as outperform Wolfe said it's getting more bullish on the stock over the next several quarters. Wolfe downgrades Occidental Petroleum to peer perform from outperform Wolfe said shares of the oil company will be range bound. Bank of America downgrades FTC Solar to underperform from buy Bank of America said it was wrong about its prior buy rating on the solar stock. Bank of America downgrades CommScope to neutral from buy Bank of America trends are worsening for the tech company. Bank of America initiates Weatherford as buy Bank of America said in its initiation of the global energy company that it's seen a "remarkable turnaround."

Persons: Stephens, Henry Schein, Stifel, it's bullish, Wolfe, it's, Freyr, BTIG, FREY, William Blair, Wells, Baird, Weatherford, Girish Saligram, Gordon Haskett, Haskett, Morgan Stanley, Jefferies, Vera Organizations: Portillo's Inc, JPMorgan, Netflix, Citi, Body Works Citi, Nvidia, Wolfe Alpha, Occidental Petroleum, Bank of America, FTC, sel, RBC, EV Locations: Illumina, Occidental, Wells Fargo, Hawaii, 3Q23, U.S

☆ Pacific Islands leaders confirm former Nauru president as next top official
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

Nauru President Baron Divavesi Waqa addresses the 73rd session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 26, 2018. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSYDNEY, Nov 10 (Reuters) - The Pacific Islands Forum confirmed the selection of former Nauru President Baron Waqa as the 18-member bloc's next top official at a meeting on Friday in the Cook Islands. Current Nauru President David Adeang had abruptly left the annual leaders meeting a day earlier after objections were raised by at least one Pacific Islands leader over Waqa's nomination. Adeang did not travel with the other leaders to the island of Aitutaki, where meetings resumed on Friday. "I inherited a fractured Pacific forum.

Persons: Baron Divavesi Waqa, Eduardo Munoz, Baron Waqa, bloc's, David Adeang, Adeang, Waqa, Sitiveni Rabuka, Henry Puna, Kirsty Needham, Tom Hogue Organizations: United Nations General Assembly, REUTERS, Rights, Pacific Islands Forum, Nauru, Fiji, Thomson Locations: Nauru, U.N, New York, U.S, Cook, Aitutaki, Taiwan, China, Micronesia, Polynesia, Melanesia

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