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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoward: The market is teetering on the trend line of going negative, now is not the time to be a bullVance Howard, CEO and portfolio manager at Howard Capital Management, discusses how the banking crisis events in the U.S. and Europe have changed his mindset over just how fully invested people should be right now.
Trump may soon face an indictment in New York over a "hush-money" payment to Stormy Daniels. Insider asked all five GOP senators who back Trump in 2024 whether him being charged would alter their support. And Republican senators who have already endorsed his third White House bid appear to be sticking with him regardless. Schmitt, for his part, abruptly declined to comment when asked about the possibility of an indictment of Trump. Trump also recently suggested that an indictment could be politically beneficial for him — a notion that Tuberville agreed with on Thursday.
Here are predictions for how this historic event would roll out, courtesy of some of Manhattan's top defense lawyers, former high-ranking prosecutors, and a retired Secret Service special agent. "They can tell the foreperson come back two weeks from Wednesday, or something," to sign the revised indictment, Florence said. There can always be a leak, of course, somewhere between indictment and arraignment, which is the court proceeding where Trump would plead not guilty. But even if Trump does need to surrender in person, Secret Service would likely give the perp walk a hard pass. "That walk is not going to happen," said Pickle, the former Secret Service special agent.
REUTERS/Gaelen MorseCompanies Norfolk Southern Corp FollowMarch 14 (Reuters) - The state of Ohio sued Norfolk Southern (NSC.N) Tuesday over the Feb. 3 derailment of a freight train that released over a million gallons of hazardous materials and pollutants into the environment around the town of East Palestine. Since the Ohio derailment caused cars carrying toxic vinyl chloride and other hazardous chemicals to spill and catch fire, Norfolk Southern has been under pressure over a number of train derailments. Last week, Norfolk Southern CEO Alan Shaw was sharply questioned at a U.S. Senate hearing and will appear at another March 22 rail safety Senate hearing. Those suits claim Norfolk Southern was negligent and has created a nuisance for residents, among other claims for liability. Last week, Norfolk Southern agreed to create a new first responders training center and expand a training program in Ohio.
The weekend came and went without a buyer for SVB Financial Group, the parent company of the failed Silicon Valley Bank. SVB Capital focuses on venture capital and credit investing and SVB Securities is its investment banking arm. Axios reported Monday morning that JPMorgan and PNC were in talks to acquire SVB Financial Group but not the failed commercial bank. SVB Securities, better known as SVB Leerink, the investment banking arm born out of SVB's 2018 acquisition of Leerink, is a very desirable business, he added. "SVB Leerink is a well-known name in the tech and healthcare space that will be attractive to someone," said Healy.
Instead, the grand jury room where Donald Trump could become the first former president to be criminally indicted is a drab, un-Trumplike space, seemingly too ordinary for its purpose. After each presentation, she'd wait, seated on one of those same chairs, as grand jurors deliberated behind closed doors. "And yes, sometimes there are people who will drive the other 22 grand jurors crazy with off-the-wall questions." There needs to be at least 16 grand jurors present out of the originally selected 23 to have a voting quorum. The prosecutor, meanwhile, will sit on that old, uncomfortable wooden chair just outside the grand jury room, and wait for the buzzer.
In the lead-up to a Senate committee hearing on the toxic train derailment that spilled chemicals in the Ohio town of East Palestine last month, a bipartisan group of senators is introducing a new bill aimed at shoring up rail safety. The Railway Safety Act of 2023 will be introduced by Republican Sens. Vance of Ohio, Marco Rubio of Florida and Josh Hawley of Missouri, and Democratic Sens. It has a provision requiring “well-trained, two-person crews aboard every train.” And it boosts the maximum fines for rail carriers for wrongdoing. Data compiled by the nonprofit OpenSecrets show that Norfolk Southern, the company involved in the Ohio derailment, spent $1.8 million on federal lobbying last year.
Drone footage shows the freight train derailment in East Palestine, Ohio, U.S., February 6, 2023 in this screengrab obtained from a handout video released by the NTSB. Norfolk Southern CEO Alan Shaw will tell a U.S. Senate panel Thursday how he plans to "make it right" after one of the company's trains derailed in East Palestine, Ohio, last month. Other committees in Congress are also investigating the East Palestine derailment. On Saturday, another Norfolk Southern train derailed in Ohio, after which residents near Springfield were ordered to shelter in place. Hours after that derailment, internal emails obtained by CNBC indicated that Norfolk Southern was making broad safety adjustments to prevent future incidents.
Per "The Founders," Musk's company rented a "spartan Palo Alto office space," and he would sleep at the office and shower at the nearby YMCA. Soon after taking over Twitter, Musk similarly said he would be sleeping at the office "until the org is fixed." Back at Zip2, Soni describes a "perpetually sleep-deprived" Musk openly berating other executives and colleagues in 1996. Musk's sleeping habits continued at his second company, too, as the company's cofounder Harris Fricker told Soni. In February, Musk said he has worked an average of more than 120 hours a week after taking over Twitter.
The rail safety legislation, introduced in Congress Wednesday with bipartisan support, would include a prohibition on single-person crews. There is no such existing law or federal regulation requiring both an engineer and a conductor to be on a train. The Association of American Railroads confirmed that its position in favor of one-person crews has not changed. “No data shows a two-person crew confined to a cab is safer, and train crew size should continue to be determined through collective bargaining,” a statement from UP. But it might have one or two provisions which are deal breakers for the unions, such as allowing single-person crews.
The S&P 500 bank subsector (.SPXBK) is up 4.9% so far in 2023 slightly ahead of the benchmark S&P 500's (.SPX) 3.3% gain. But some investors are circumspect as banks themselves warned during earnings season in January that they expect higher loan losses and weaker demand for borrowing. The rate increases have boosted banks' income, giving them the go-ahead to charge higher interest rates for loans. But now, bank customers with savings accounts are seeking out higher interest rates on deposits, offsetting some lending gains. Barclay's analyst Jason Goldberg sees economic strength as a bigger factor for bank stocks this year than the Fed hikes path.
Trump fans told Insider no one else should jump in because things are already too mixed up. "What I'm most looking forward to, obviously, is President Trump," she said, noting that she planned to be front and center for his keynote address on Saturday evening. "I think that's a good group," he said, adding, "That's enough." But President Trump is the one that we need," Le told Insider. CPAC attendee Thao Le shows off the Donald Trump pin on her American flag-themed hat on Thursday, March 2, 2023.
Two Ohio senators are leading a bipartisan effort to respond to last month’s train derailment in their state, proposing legislation that would subject railroads to a series of new federal safety regulations and increase fines for wrongdoing. Vance of Ohio, along with Sens. Marco Rubio (R., Fla.), Josh Hawley (R. ), Bob Casey (D., Pa.) and John Fetterman (D., Pa.), introduced legislation on Wednesday intended to prevent future train disasters like the Feb. 3 derailment of Norfolk Southern Corp. railcars near East Palestine, Ohio. The incident has raised concerns about the long-term health risks near and around the village of 4,700 people.
A bipartisan group of senators will introduce legislation Wednesday aimed at preventing rail disasters after the devastating derailment in East Palestine last month. It would also require trained, two-person crews to work aboard every train carrying hazardous materials and levy heightened fines for rail carriers' wrongdoing. The Feb. 3 derailment of a Norfolk Southern train carrying vinyl chloride led to a spill of toxic chemicals. The bill will be introduced by Brown and his Republican counterpart, Sen. JD Vance, who represent the state where the Norfolk Southern derailment occurred. The Senate Environment and Public Works Committee on Tuesday asked Norfolk Southern CEO Alan Shaw to participate in an upcoming hearing.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisk now has a price in the market, says Eaton Vance’s Aaron DunnEaton Vance’s Aaron Dunn and Cresset Capital’s Jack Ablin join 'Closing Bell: Overtime' to discuss current market trends and their outlook heading into March.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market discussion with Eaton Vance’s Aaron Dunn and Cresset Capital’s Jack AblinEaton Vance’s Aaron Dunn and Cresset Capital’s Jack Ablin join 'Closing Bell: Overtime' to discuss current market trends and their outlook as well as earnings after the bell.
Sen. Sherrod Brown told Politico he was "fine" with Biden running on the same ballot as him in 2024. Brown is seeking a fourth term in the Senate and has carved out a unique appeal among Ohio voters. And despite President Joe Biden's eight-point statewide loss to former President Donald Trump in 2020, Brown told Politico he was "fine" running alongside the president on the same ballot should the commander-in-chief seek reelection next year. So, I'm not going to run from Biden," Brown told Politico. In the 2018 Senate race, when Brown defeated then-GOP Rep. Jim Renacci, the senator won 98% of Democrats, 56% of Independents, and 11% of Republicans, per CNN exit polling.
There are no security guards or obscuring metal gates when Cohen arrives for his weekly Trump probe sit-downs — just a dozen or so news cameras. "No," Cohen told The Daily Beast last April. By Bragg's sixth week on the job, the new DA, who'd never even met Cohen, told Pomerantz he "could not see a world" in which Cohen could be called as a DA witness. "Alvin Bragg is operating at Alvin Bragg's pace," Cohen told MSNBC on another appearance, after that 16th meeting. "The district attorney, and the team, I find them to be incredibly, incredibly competent and decent people," Cohen told Insider.
Nikki Haley, a Republican who jumped into the 2024 presidential race this month, is set to attend a fundraising event for her campaign hosted by Wall Street executives in New York on Tuesday, according to an invitation first reviewed by CNBC. The Tuesday fundraiser for Haley's campaign is one of her first trips to New York as a candidate for president. Morning Consult's GOP primary tracker shows Haley has 6% of support from potential Republican voters. Former President Donald Trump garners support from about 50% of GOP primary voters, according to Morning Consult. Finance executives have played key fundraising roles for political campaigns of both parties for well over a decade.
Donald Trump visited East Palestine, Ohio, on Wednesday, following a disastrous train derailment. Trump's visit raised questions about his administration's rollback of rail safety regulations. The former president dismissed questions about his administration's rollback of Obama-era rail safety regulations saying he "had nothing to do with it." The Trump administration slashed several environmental and rail regulations while in office, most notably rescinding a 2015 proposal to require faster brakes on trains that were carrying highly flammable or hazardous materials. Following his Wednesday news conference, Trump visited a local Ohio McDonald's where he handed out more MAGA hats and bought meals for firefighters.
Pete Buttigieg said he could have expressed concern "sooner" for East Palestine, Ohio, after a train derailed. He said he'll "do some thinking" on whether it was a mistake to wait to visit. Asked on Thursday whether it was a mistake to have held off on visiting the community, Buttigieg said he'll "do some thinking" on that. "I felt strongly about this and could have expressed that sooner," he said. Buttigieg acknowledged earlier in the week that he could have spoken out sooner about the derailment.
Various rail workers unions blame working conditions for the Ohio derailment, per The Guardian. Staff shortages and no paid sick days will lead to more disasters, union leaders said. This comes two months after Congress halted a railroad workers strike. Railroad Workers United, and others claim companies get away with short staffing, long hours and no paid sick days, jeopardizing safety protocol in the name of profit, the Guardian reported. Corners get cut and safety is compromised," Ron Kaminkow, Railroad Workers United secretary and Amtrak engineer told The Guardian.
Trump criminal lawyer Ron Fischetti criticized a tell-all by his former law partner, Mark Pomerantz. Pomerantz is a former lead prosecutor in the DA's probe and author of "People vs. Donald Trump." "I don't think he should have written this book at all," Fischetti told Insider of former prosecutor Mark Pomerantz, whose book, "People vs. Donald Trump," was published this month. "This is a terrible, terrible book," Fischetti said, taking Pomerantz to task for criticizing Bragg's caution and for speaking publicly about a confidential probe that's still in progress. Pomerantz also should have known better than to publicly question Bragg's decision to slow the probe, Fischetti said.
JD Vance may be best-known for his memoir "Hillbilly Elegy," which was adapted into a movie for Netflix. Vance is a venture capitalist who formally entered politics in 2021, but he's had a national presence since 2016. In November 2022, he was elected as a US Senator of Ohio at the age of 38. In a short period of time, Vance went from the Marines to Yale Law School to working as a venture capitalist in Silicon Valley to becoming the best-selling author of "Hillbilly Elegy." Vance has written a memoir about his life and beliefs, but has been criticized for changing his political views when it best serves him.
Why Do We Fall for Hackers? Blame Our Brains
  + stars: | 2023-02-15 | by ( Anthony Vance | C. Brock Kirwan | ) www.wsj.com   time to read: 1 min
Security experts are always blaming employees for letting criminals into company networks. Workers don’t heed warning messages on their screen. They fail to see the obvious signs that an email is fake. Yet our research shows that another culprit is to blame for the failure to heed warnings—the human brain. The peculiarities of the way our brains work bias much of our behavior, including how we respond to security warnings.
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