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☆ Even with inflation cooling, Jim Cramer says the Fed has no choice but to keep tightening
▼ + stars: | 2023-07-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer asserted Wednesday that the Federal Reserve is not done tightening, even as inflation seems to be on the decline because the consumer price index is no longer so scorching hot. "Unfortunately, even with inflation cooling, the Fed has no choice but to keep tightening, if only to offset the tidal wave of inflation caused by all the government spending that's about to steamroll this economy," he said. Cramer listed three factors that might indicate the Fed hasn't finished tightening. Cramer also highlighted the tight labor market he thinks is currently making inflation difficult to manage. "We need to stop confusing any given index with the tight labor market that makes our current bout of inflation so intractable," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, he's, they'll Organizations: Federal Reserve, Fed, CPI

☆ Canadian pension fund taps Europe's green hydrogen hopes with Dutch investment
▼ + stars: | 2023-07-11 | by ( Tommy Wilkes | ) www.reuters.com time to read: +3 min

LONDON, July 11 (Reuters) - Canada's biggest pension fund, CPP Investments, has made its first bet on green hydrogen playing a growing role in cutting emissions, with a 130 million euro ($143 million) investment and the purchase of a majority stake in a three-year-old Dutch firm. "Europe is generally seen as the leading industrial market or consumer for these green molecules. Power2X's current projects include a green hydrogen and ammonia development in Portugal and a solar power and green hydrogen project in Spain. Expanding green hydrogen production will require more renewable power generation, and some questions remain over its potential use cases versus other low-emission technologies. Last month Canada's Investment Management Corporation of Ontario announced a $400 million investment in Sweden's battery producer Northvolt.

Persons: Bruce Hogg, CPPI, Hogg, Occo Roelofsen, Tommy Reggiori Wilkes, Conor Humphries Organizations: Investments, Reuters, Investor, McKinsey, Investment Management Corporation of Ontario, Thomson Locations: Amsterdam, Europe, Portugal, Spain, Power2X

☆ George Santos compared himself to Rosa Parks, saying he also refuses to 'sit in the back' like some want him too
▼ + stars: | 2023-07-10 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Rep. George Santos compared himself to civil rights icon Rosa Parks during a podcast appearance. Santos was referring to comments made by Sen. Mitt Romney during the SOTU address in February. In the interview, Santos took aim at what he called "sellout" Republicans, singling out Sen. Mitt Romney in particular. He continued: "Well, guess what, Rosa Parks didn't sit in the back, and neither am I going to sit in the back." Her act of resistance against racial segregation inspired the Montgomery bus boycott — a 13-month protest that played a significant role in the fight for civil rights for Black people.

Persons: George Santos, Rosa Parks, Santos, Sen, Mitt Romney, Mike Crispi's, Parks, Romney, Kevin McCarthy Organizations: Service, Republicans, Union of, Rosa Parks didn't, —, House Locations: Wall, Silicon, United States, Ukraine, Montgomery

☆ Mississippi's ban on gender-affirming care is forcing one teenager to leave his mom and 2 brothers and go live with his dad in Virginia
▼ + stars: | 2023-07-10 | by ( Arleigh Rodgers | Michael Goldberg | Associated Press | ) www.businessinsider.com time to read: +5 min

Ray Walker had been receiving gender-affirming care in the state where he lives, and now can't. AP Photo/Rogelio V. SolisAt least 20 states have enacted laws restricting or banning gender-affirming care for trans minors, though several are embroiled in legal challenges. Opponents of gender-affirming care say there's no solid proof of purported benefits, cite widely discredited research and say children shouldn't make life-altering decisions they might regret. Then the broad effort in conservative states to restrict gender-affirming care set its sights on Mississippi. "Most people in Mississippi cannot afford to just move to another state or even go to another state for care."

Persons: Ray Walker, Walker, Katie Rives, Tate Reeves, Reeves, Rogelio V, Solis, Walker's, Rives, It's, ___ Arleigh Rodgers, Michael Goldberg, Rodgers, Goldberg Organizations: Mississippi Republican, Service, Mississippi Republican Gov, AP, Associated Press, America Statehouse News Initiative, America Locations: Mississippi, Virginia, Wall, Silicon, Jackson, Madison County, Miss, Chicago, Indianapolis

☆ Active funds are powering JPMorgan's ETFs past rivals. Here's why it may continue
▼ + stars: | 2023-07-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Active ETFs have attracted $100 billion of net inflows over the past 12 months, according to a report from State Street. The growth of active ETFs could help other Wall Street firms take on the industry's dominant players. Some smaller JPMorgan active equity funds that have brought in cash this year include JPMorgan Active Value ETF (JAVA) and the JPMorgan Active Growth ETF (JGRO) . Two-thirds of U.S.-centric active funds fell short of their relevant indexes in the first half, according to a report from Morningstar. Active funds did fare better than passive funds in many categories, like small cap growth — perhaps a more fair comparison, given that passive funds do include fees and trading costs — but underperformed significantly in the popular large-cap blend category, according to data from Morningstar Direct.

Persons: that's, JEPI, outperforming, JEPI's Organizations: Securities and Exchange, State, JPMorgan, BlackRock, Street, JPMorgan Asset Management, JPMorgan Nasdaq Equity, Value, Growth, Capital, Morningstar, Morningstar Direct

☆ US Supreme Court won't scrutinize Mississippi curb on voting by felons
▼ + stars: | 2023-06-30 | by ( John Kruzel | Industry Insight | Corporate Attorneys Don T Want To Pay Law Firms For Chatgpt When They Could Use It Themselves | ) www.reuters.com time to read: +4 min

The state's felon disenfranchisement policy has been shown to have a disproportionate impact on Black Mississippians, nearly 29,000 of whom were disenfranchised between 1994 and 2017, according to court filings. Black Mississippians account for 36% of the state's voting age population but 59% of those who have been disfranchised for life due to a felony conviction. The 1890 version had removed crimes thought to be "white crimes" and added those thought to be "Black crimes," with the aim of discriminating against Black voters, according to court records. Eight crimes listed in the 1890 version of the provision - bribery, theft, arson, obtaining money or goods under false pretense, perjury, forgery, embezzlement and bigamy - remain as disqualifying offenses today. A key question in the case was whether the process of amending Mississippi's felon disenfranchisement provision purged the discriminatory intent behind the 1890 version and brought the law into compliance constitutional race-based voter protections.

Persons: Roy Harness, Kamal Karriem, Constitution's, Harness, Karriem, John Kruzel, Will Dunham Organizations: U.S, Supreme, Black, Constitution, Harness, The, Circuit, Thomson Locations: Civil, Mississippi, U.S, The New Orleans

☆ These are the top equity income ETFs of the first half
▼ + stars: | 2023-06-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The JPMorgan Equity Premium Income ETF (JEPI) attracted a surge of cash last year with its outperformance and yield above 10%, showing that funds that combined equity exposure with income-generating options strategies could find a foothold with investors. QYLG YTD mountain The QYLG ETF has been one of the top equity income ETFs so far this year. JEPI's sister fund, JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) , is also a top performer with a return of more than 22% year to date. Another income-focused fund that is having a big year is the YieldMax TSLA Option Income Strategy ETF (TSLY) , which writes calls on the popular electric vehicle stock. Several ETF issuers are now launching similar products to JPMorgan's popular income fund, giving investors more options to find yield without leaving the equity market.

Persons: JEPI's, Bryn Talkington, JEPI, Sara Levin, Levin Organizations: JPMorgan Equity, Nasdaq, JPMorgan Nasdaq Equity, Global, Schwab U.S, WallachBeth

☆ A college janitor turned off a freezer in a lab to silence 'annoying alarms,' but destroyed $1 million in scientific research in the process, a lawsuit claims
▼ + stars: | 2023-06-26 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

A janitor destroyed $1 million in scientific research after turning off a super cold freezer in a lab. He had heard "annoying alarms" coming from the freezer where over 20 years of research were stored. Lakshmi conducted high-level research inside the lab that "had the potential to be groundbreaking" and funded by the university, the lawsuit said. It's believed that Harrington destroyed $1 million worth of scientific research and RPI will be seeking as yet unspecified damages. Daigle Cleaning Systems and Lawyers for RPI did not immediately respond to Insider's request for comment about the lawsuit.

Persons: —, Joseph Harrington, K.V, Lakshmi, Harrington, It's Organizations: Service, Rensselaer Polytechnic Institute, Daigle, Rensselaer County Supreme, AS IT, RPI, Systems, Lawyers Locations: New York, Troy , New York, Rensselaer County

☆ Senate confirms abortion rights lawyer to US appeals court
▼ + stars: | 2023-06-20 | by ( Andrew Goudsward | ) www.reuters.com time to read: +2 min

June 20 (Reuters) - A lawyer who argued on the losing side of the U.S. Supreme Court case that ended the national right to abortion won confirmation on Tuesday to a seat on a federal appeals court. The U.S. Senate confirmed Julie Rikelman, a top lawyer for the Center for Reproductive Rights, to the Boston-based 1st Circuit U.S. Court of Appeals by a vote of 51-43. Rikelman represented Mississippi's last remaining abortion clinic in urging the Supreme Court to reaffirm the constitutional right to abortion and strike down a state law that banned the procedure after 15 weeks of pregnancy. Rikelman's nomination drew opposition from Republicans, who questioned her abortion rights advocacy during a September 2022 Senate hearing and described her position on the issue as extreme. She is Biden’s third nominee to secure a seat on the court, whose active judges were all nominated by Democrats.

Persons: Julie Rikelman, Susan Collins of, Lisa Murkowski, Rikelman, Dobbs, Joe Biden, Biden, Rikelman's, Andrew Goudsward, David Bario Organizations: U.S, Supreme, U.S . Senate, Center for Reproductive, Circuit U.S, Jackson, Health Organization, Republicans, Center for Reproductive Rights, Thomson Locations: Boston, Susan Collins of Maine, Alaska, Mississippi's, New York

☆ I use an AI chatbot after my mom died to ask for advice on mundane things. It won't replace her, but it's been a huge comfort.
▼ + stars: | 2023-06-13 | by ( Amy Ettinger | ) www.businessinsider.com time to read: +8 min

Amy Ettinger used to ask her mom for advice on mundane stuff all the time, but then her mom passed away. She tried talking to Pi, a personal assistant chatbot that's supposed to act as an unflappable sounding board. So recently I decided to turn to AI for the kind of questions I used to ask my mom. I decided to try Pi, a personal assistant chatbotInflection AI launched its personal intelligence chatbot earlier this spring. I don't like the other terms," I typed in a confrontational tone I often used with my mom.

Persons: Amy Ettinger, chatbot that's, Pi, that's, it's, Geoffrey Hinton, Pi's, Mustafa Suleyman, Suleyman, I'd, I've, Ettinger, Amy Ettinger Pi, they've, Kelly, Edmunds Organizations: Morning, Google Locations: Northern California

☆ I tried using a personal AI to be less lonely working from home. It was nice that it had my back but sometimes I just miss human snark.
▼ + stars: | 2023-06-01 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

So I spent a week conversing with Pi, a new personal AI chatbot, to see if it could fill the void. Pi is indeed useful and friendly, but it didn't fulfill my desire for connection and conversation. My human colleagues are sarcastic, snarky, wry, and, well, human. Thanks, Pi! When I relayed an amusing anecdote about my 15-year-old daughter, Pi told me: "There's no doubt that teenagers can be challenging, and it can be hard to communicate with them at times."

Persons: Pi, —, Slack, Reid Hoffman, Mustafa Suleyman, Karén, OpenAI's ChatGPT, Google's Bard, I'd, Siri, Sally Rooney Organizations: Service, LinkedIn, hometown Celtics, Miami Heat, Celtics

☆ I tried using the Pi personal AI to be less lonely working from home. It was nice that it had my back but sometimes I just miss human snark.
▼ + stars: | 2023-06-01 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Persons: Pi, —, Slack, Reid Hoffman, Mustafa Suleyman, Karén, OpenAI's ChatGPT, Google's Bard, I'd, Siri, Sally Rooney Organizations: Service, hometown Celtics, Miami Heat, Celtics

☆ The Most Expensive and Most Affordable Cities for Childcare in the US
▼ + stars: | 2023-05-31 | by ( Jeremy Ney | ) www.businessinsider.com time to read: +13 min

The most expensive counties generally have fewer childcare workers or the state doesn't provide enough financial support for low-income families. The US Department of Health and Human Services considers childcare "affordable" if it costs less than 7% of a family's income. The pandemic provided a perfect example of this dynamic: 2 million women left the workforce and haven't returned, citing childcare costs as the No. Counties with higher levels of poverty often lack affordable care as childcare workers themselves can't afford to live on the industry's low wages. In Canada, where childcare workers make more, that ratio is six to one.

Persons: haven't, It's, Joe Biden, doesn't, Annie Lowrey, Grant, Jeremy Ney Organizations: Department of Labor, US Department of Health, Human Services, New, Bay State, University of Massachusetts Amherst, US, Preschool, America, Federal Reserve Bank of New Locations: Massachusetts, Mississippi, New York City, America, Kings County, Brooklyn, Queens County, Bronx County, Bronx, Bay, While Massachusetts, California, . Mississippi, New York, Canada, Portland , Oregon, Portland, Michigan, The, Federal Reserve Bank of New York

☆ These are the 10 cheapest places in the U.S. to buy a beach house
▼ + stars: | 2023-05-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Gulfport, Mississippi, ranked as the cheapest town in which to buy a beach house, according to Realtor.com. Dszc | Istock | Getty ImagesTop 10 cheapest places in the U.S. to buy a beach houseGulfport, Miss. In Newport News, the median price within one mile of a beach is $200,000 and the median price per square foot within one mile of a beach is $150. It has one of the best public beaches in the state, Ocean Beach Park, which sits on the Long Island Sound. The median price within one mile of a beach is $257,000 in New London, while the median price per square foot within one mile of a beach is $175.

Circuit Court of Appeals panel that will hear the Biden administration's appeal to keep the abortion pill mifepristone on the market are staunchly conservative, with a record of opposing abortion rights. - In 2019, she co-authored a majority opinion for the full 5th Circuit that upheld a Texas law that effectively banned the most common abortion procedure for terminating second-trimester pregnancies. - Also in 2019, she wrote a majority panel 5th Circuit opinion invalidating the Affordable Care Act's mandate requiring individuals to purchase health insurance. - In 2019, he was part of a 5th Circuit panel that rejected Mississippi's 15-week abortion ban, but in a concurring opinion argued against the constitutional right to abortion. - In 2018, he voted to uphold a Texas law requiring burial or cremation of fetal remains.

☆ JPMorgan's massively popular income ETF is getting beat by its own sister fund
▼ + stars: | 2023-05-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Investors are still jumping into the fund in 2023, pushing its total assets to about $26 billion. Through May 11, the fund has a total return of just 3.4% year to date, underperforming the S & P 500. Meanwhile, its sister fund, JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) , has been a big winner for investors. That fund has returned more than 17% this year, and its 30-day SEC yield is nearly 14%, as Nasdaq stocks have outperformed the S & P 500. "More volatile means you're going to get more potential upside by selling a farther-out-of-the-money call, and more income," Reiner said.

May 8 (Reuters) - A case brought by anti-abortion groups seeking to ban the abortion pill mifepristone nationwide will be heard next week by a panel of three deeply conservative judges hostile to abortion rights, a federal appeals court revealed on Monday. Circuit Court of Appeals panel in New Orleans on May 17 to overturn a court order that suspended the federal government's approval of mifepristone. The U.S. Supreme Court put that order on hold, meaning that mifepristone remains available while the case is appealed. In 2021, Ho was in the majority in a 2-1 ruling refusing to block Texas's six-week abortion ban. Wilson, another Trump appointee, as a state legislator voted to ban abortion once fetal cardiac activity is detected, around six weeks.

☆ LG Energy Solution Q1 profit more than doubles, in line with forecast
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

SEOUL, April 26 (Reuters) - South Korea's LG Energy Solution (373220.KS) on Wednesday posted a 145% jump in quarterly profit, as the battery maker factored in subsidies from the U.S. Inflation Reduction Act and solid sales of electric vehicles (EVs) in U.S. and European markets. The company, which supplies Tesla Inc (TSLA.O), General Motors Co (GM.N) and others, reported an operating profit of 633 billion won ($472.6 million) for the January-March period, versus 259 billion won a year earlier. That compared with an average analyst forecast of 633 billion won compiled by Refinitiv SmartEstimate. Revenue for the quarter rose 101% to 8.7 trillion won, LG Energy said in a regulatory filing. Shares of LG Energy Solution was trading up 0.7%, versus benchmark KOSPI's (.KS11) 0.1% rise as of 0044 GMT.

☆ Sony backs maker of tiny Raspberry Pi computers with fresh funding, access to A.I. chips
▼ + stars: | 2023-04-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Sony Semiconductor Solutions, a subsidiary of Sony Corporation, invested an undisclosed amount in Raspberry Pi Ltd, the trading company of Raspberry Pi, the company said in a statement on Wednesday. Upton established Raspberry Pi in 2012 with the aim of making computing more accessible to young people. Raspberry Pi's tiny single-board computers are the size of a credit card and have been used to build everything from high-altitude balloons to small radio-controlled submarines. Raspberry Pi's customers were mainly hobbyists and teachers in the early days. The deal extends an existing manufacturing relationship between Sony and Raspberry Pi.

☆ This ETF with a yield of almost 10% faces big earnings tests this week
▼ + stars: | 2023-04-12 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The first wave of first-quarter earnings will put two of the biggest holdings of a red-hot ETF under the microscope. The JPMorgan Equity Premium Income ETF (JEPI) , which uses stock selection to find value plays and equity-linked notes to generate additional yield, has a 12-month rolling dividend yield of more than 11% and a 30-day SEC yield of 9.59%. But stock selection is still a big part of JEPI's performance, and earnings season can put that to the test. Two of the fund's top holdings, as of Tuesday, are set to report earnings this week: Progressive and UnitedHealth . Moreover, the Mayfield, Ohio-based Progressive only accounts for 0.25% in the SPDR S & P 500 ETF Trust (SPY) , but has a 1.6% weighting in JEPI.

☆ S.Korea's Yoon calls strategy meeting to boost chip, battery sectors
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

SEOUL, April 10 (Reuters) - South Korean President Yoon Suk Yeol ordered on Monday a national strategy meeting to boost the competitiveness of the country's rechargeable battery and semiconductor sectors, a presidential spokesperson said. South Korea's economy, heavily dependent on trade and chip exports, has been decelerating in the face of a weakening global economy and still-sluggish demand from neighbouring China. Local consumers are also holding back on spending after interest rate rises. South Korean battery and chip shares rallied in early trade on Monday. Reporting by Choonsik Yoo and Hyunsu Yim; Editing by Tom Hogue and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk and Substack are beefing. Here's a rundown of the back and forth between the Twitter CEO and the blogging site.
▼ + stars: | 2023-04-09 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +7 min

Twitter users began noticing Substack links were being suppressed beginning Thursday evening. One of these claims is that Substack was trying to "download a massive portion of the Twitter database," Musk wrote on Twitter Saturday, to help support its recently announced Twitter competitor, Substack Notes. Thursday evening: Users begin reporting that Substack links are being suppressedSubstack bloggers who use Twitter to promote their work began noticing Thursday evening the Substack links seemed to be suppressed on Twitter, and Twitter users who tried to interact with posts that contained Substack links would receive an error message. Saturday: Musk clarifies that Twitter never blocked Twitter notesMusk clarified in a tweet early Saturday that Substack links were never blocked on Twitter. In the same post, Musk called Substack Notes a "Twitter clone" and claimed that Substack was "trying to download a massive portion of the Twitter database to bootstrap" their new feature.

☆ Biden to announce federal funding for Mississippi tornado recovery on Friday
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

Biden and his wife, Jill, will visit Rolling Rock, a town of 1,900 that a tornado swept through, destroying homes and infrastructure. The Bidens were making the trip to "reaffirm their commitment to supporting the people of Mississippi as long as it takes," the official said. "The president will announce that the federal government will cover the full cost of the state’s emergency measures like removing debris, operating shelters, and paying overtime to first responders for the next 30 days." The Federal Emergency Management Agency (FEMA) will open disaster recovery centers in four of the state's counties on Monday, the official added. Twenty-five people were killed in Mississippi and one in Alabama as a result of the powerful storm.

☆ Streaming boosts recorded music revenue, China market growing
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

Among the trends highlighted by the IFPI, a trade body for the recorded music industry, were China nudging into the top five markets globally for the first time, and income from the use of recorded music in adverts, film, television and games, rising by 22.3%. Subscription audio streaming revenues rose 10.3% to $12.7 billion, IFPI said, adding there were 589 million users of paid subscription accounts by end-2022. Overall, streaming accounted for 67% of total recorded music revenues. Global music revenues enjoyed their eighth consecutive year of growth. Puerto Rican singer and rapper Bad Bunny's "Un Verano Sin Ti" topped the 2022 IFPI Global Albums Chart while Britain's Harry Styles won the IFPI Global Single of the Year Award 2022 for hit "As It Was", the body said last month.

☆ Novo Nordisk suspended from UK lobby group
▼ + stars: | 2023-03-16 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

ABPI's statement linked to a website of a self-regulatory body run by the association that pointed to a complaint alleging that Novo Nordisk had sponsored courses on weight management on LinkedIn for health professionals, without making clear the company's involvement. The move amounted to "bribing health professionals with an inducement to prescribe," the complaint alleged. In response, Novo said that it had agreed to provide sponsorship to ensure that health professionals would receive training from a reputable provider, but that it had supported the activity at "arms length". Novo is the market leader in the rapidly growing area of weight loss through medicinal treatment rather than only dieting or exercising. Novo has since developed a more effective obesity treatment called Wegovy, which has been in great demand globally and is being lined up for its UK launch.

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