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☆ One dead, multiple others believed missing in Alaska landslide
▼ + stars: | 2023-11-21 | by ( Steve Gorman | ) www.reuters.com time to read: +2 min

Nov 21 (Reuters) - At least one person has been killed and multiple others were believed to be missing in a major landslide along the principal roadway serving an island community in Southeast Alaska, state officials said on Tuesday. "Multiple individuals are believed to have been within the slide area when the landslide occurred and are believed to be missing," the statement said. Alaska state police assumed command of the search-and-rescue effort, but ground-level search operations were suspended while geologists assessed the risk of additional landslide activity in the area, the public safety agency said. Wrangell is linked to the mainland and other towns in Southeast Alaska by ferry and airplane. Its principal road is the Zimovia Highway, which runs along the west side of the island for 14 miles.

Persons: Steve Gorman, Sandra Maler Organizations: Public Safety Department, Emergency, Elias, Thomson Locations: Southeast Alaska, Wrangell , Alaska, Juneau, Alaska, Wrangell, Alaska Panhandle, St, Los Angeles

☆ Morgan Stanley's Andy Saperstein diagnosed with cancer - memo
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

Andy Saperstein, Co-Head of Wealth Management at Morgan Stanley, speaks during the Reuters Global Wealth Management Summit in New York City, New York, U.S., June 13, 2016. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 21 (Reuters) - Morgan Stanley co-President Andy Saperstein has been diagnosed with cancer, he wrote in an internal memo seen by Reuters on Tuesday. In the email to staff, Saperstein said the news have been a shock. Saperstein, co-president that heads wealth and investment management, was considered to succeed CEO James Gorman earlier this year. Reporting by Niket Nishant in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Andy Saperstein, Morgan Stanley, Brendan McDermid, Saperstein, James Gorman, Niket, Devika Organizations: Wealth Management, Reuters Global Wealth Management, REUTERS, Reuters, Thomson Locations: New York City , New York, U.S, Bengaluru

☆ Cramer: Diversification is crushing investors this year. Will 2024 be different?
▼ + stars: | 2023-11-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

The stock of Club holding Morgan Stanley (MS) dropped to $70 from $100 before bouncing back to $80 when interest rates recently peaked. Morgan Stanley and Schwab did nothing bad or shameful, but their multiples are shadows of their former selves. At least Morgan Stanley has a nice dividend yield of 4.25%. Key, Huntington, First Horizon, Morgan Stanley and Schwab are all good franchises that are regarded as cheap. The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.

Persons: It's, Huntington Bancshares, Stephen Steinour, Chris Gorman, Bryan Jordan, Morgan Stanley, That's, Charles Schwab, Schwab, We're, Macy's, Albert Bourla, Myers, Meyers, Eli Lilly, let's, Mills, Campbell Soup, WK Kellogg, McCormick, Neutrogena, Johnson, Edwards, Zimmer Biomet, Becton Dickenson, Baxter, BAX, Ford, Hess, Tesla, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Dominion, Federal Reserve, Nordstrom, Pfizer, Bristol, Myers, Hostess Brands, Novo Nordisk, PepsiCo, Hershey, Brands, Spice, Johnson, Moderna, American Electric Power, Duke Energy, Motors, JetBlue, EOG Resources, ConocoPhillips, Exxon Mobil, Nvidia, Apple, Federal Trade Commission, CNBC, Santiago, Getty Locations: Huntington, Memphis, Tennessee, Toronto, United States, Celgene, Bristol, New York City

But the rocket's Super Heavy first stage booster, though it appeared to achieve a crucial maneuver to separate with its core Starship stage, exploded over the Gulf of Mexico shortly after detaching, a SpaceX webcast showed. Meanwhile, the core Starship booster carried further toward space, but a few minutes later a company broadcaster said that SpaceX mission control suddenly lost contact with the vehicle. "We have lost the data from the second stage... we think we may have lost the second stage," SpaceX's livestream host John Insprucker said. About eight minutes into the test mission, a camera view tracking the Starship booster appeared to show an explosion that would suggest the vehicle failed at that time. SpaceX in a post on social media platform X said the core Starship stage's engines "fired for several minutes on its way to space."

Persons: SpaceX's, Joe Skipper, rocketship, John Insprucker, Artemis, Musk, Joey Roulette, Steve Gorman, Will Dunham, Ros Russell Organizations: Boca Chica, REUTERS, Elon Musk, SpaceX, U.S . Federal Aviation Administration, Super, NASA, Boca, Thomson Locations: Brownsville , Texas, U.S, CHICA , Texas, Boca Chica, Texas, of Mexico, Hawaii's, Gulf, Mexico, Boca Chica , Texas, Washington, Los Angeles

[1/3] Spectators look on as SpaceX's next-generation Starship spacecraft, atop its powerful Super Heavy rocket, is prepared for launch from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 17 2023. Starship is mounted atop its towering Super Heavy rocket booster in what will be the second attempted flight of both vehicles together. The launch had been scheduled for Friday but was pushed back by a day for a last-minute swap of flight-control hardware. SpaceX is aiming to at least exceed Starship-Super Heavy's performance during its April 20 test flight, when the two-stage spacecraft blew itself to bits less than four minutes into a planned 90-minute flight. SpaceX has since reinforced the launch pad with a massive water-cooled steel plate, one of dozens of corrective actions that the U.S. Federal Aviation Administration required before granting a launch license on Wednesday for the second test flight.

Persons: Joe Skipper, SpaceX's, Elon Musk, Artemis, Bill Nelson, Nelson, Musk, Joey Roulette, Steve Gorman, Will Dunham Organizations: Boca Chica, REUTERS, blastoff, NASA, Saturn, SpaceX, Reuters, U.S . Federal Aviation Administration, Thomson Locations: Brownsville , Texas, U.S, CHICA , Texas, Texas, of Mexico, Boca Chica, Hawaii's, Mars, China, New York, Los Angeles, Boca Chica , Texas

Ventura County District Attorney Erik Nasarenko gives an update on the death and investigation of Pro-Israeli supporter Paul Kessler who died at a rally on November 5, 2023, Thousand Oaks, California, U.S, November 17, 2023. REUTERS/Jorge Garcia Acquire Licensing RightsTHOUSAND OAKS, California, Nov 17 (Reuters) - A California man pleaded not guilty to manslaughter and battery charges on Friday in the death of a Jewish man who fell to the ground and hit his head during an altercation between pro-Israel and pro-Palestinian demonstrators this month. Alnaji pleaded not guilty to the charges and remained jailed on a $50,000 bond, the prosecutor's office said. Neither murder nor voluntary manslaughter charges were filed because prosecutors found no evidence of malice aforethought or intent to kill, the DA said. Reporting by Jorge Garcia in Thousand Oaks, California; Additional reporting by Joseph Ax in New York and Brad Brooks in Longmont, Colorado; Writing and additional reporting by Steve Gorman in Los Angeles; Editing by Kim Coghill and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Erik Nasarenko, Paul Kessler, Jorge Garcia, Loay Alnaji, Alnaji, Kessler, Nasarenko, Jim Fryhoff, Witnesses, Imam Abdul, Latif Sackor, Sackor, Joseph Ax, Brad Brooks, Steve Gorman, Kim Coghill, William Mallard Organizations: Pro, REUTERS, Israel, Court, Palestinian, Hamas, . Police, Penn, Times, Police, Amtrak, Thomson Locations: Ventura County, Oaks , California, U.S, California, Moorpark , California, Los Angeles, Rhode Island, New York City, Manhattan, Oaks, Israel, Gaza, Rhode, Providence, Thousand Oaks , California, New York, Longmont , Colorado

☆ Suspect in New Hampshire hospital shooting dead; all patients reported safe
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Nov 17 (Reuters) - Gunfire erupted on Friday in the lobby of a state psychiatric hospital in New Hampshire before the threat was neutralized and the suspect was killed, state police and emergency management officials reported. New Hampshire state police initially had reported "multiple victims" from the shooting, but state police Colonel Mark Hall later told reporters the shooting was confined to the lobby area of the facility and that "all patients are safe." The shooting erupted at about 3:40 p.m. at the New Hampshire State Hospital in Concord, the state capital. The facility is a secure, in-patient psychiatric hospital where all visitors must enter through medal detectors and a police officer is always on duty, according to Manchester-based television station WMUR-TV. Reporting by Steve Gorman in Los Angeles Editing by Chris Reese and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Mark Hall, Hall, WMUR, Steve Gorman, Chris Reese, David Gregorio Our Organizations: New, New Hampshire State Hospital, Department of Health, Human Services, Department of Education, Public, Commission, Thomson Locations: New Hampshire, Concord, Manchester, Los Angeles

☆ Sean 'Diddy' Combs accused of sex trafficking, rape of singer Cassie
▼ + stars: | 2023-11-17 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Sean Combs arrives at the Metropolitan Museum of Art Costume Institute Gala (Met Gala) to celebrate the opening of “Heavenly Bodies: Fashion and the Catholic Imagination” in the Manhattan borough of New York, U.S., May 7, 2018. Ventura, 37, alleges that Combs raped her near the end of their relationship in 2018 when she broached the idea of leaving him. Combs' lawyer, Ben Brafman, issued a statement saying his client "vehemently denies these offensive and outrageous allegations." The lawsuit filed Thursday depicted Combs, who has formerly gone by such monikers as P. Diddy, Puff Daddy and Diddy, as an erratic, controlling individual with violent tendencies aimed at Ventura and others. The lawsuit cites violations of sex trafficking and human trafficking statutes under federal, New York and California laws.

Persons: Sean Combs, Eduardo Munoz, Cassandra Ventura, Sean, Diddy, Combs, Ventura, Cassie, Ben Brafman, Brafman, Sean John, Kid Cudi, Steven Tyler, Aerosmith, L.A, Reid, Neil Portnow, Steve Gorman, Deepa Babington Organizations: Metropolitan Museum of Art, REUTERS, Ventura, Bad Boy Records, Forbes, Recording Academy, Thomson Locations: Manhattan, New York, U.S, Ventura, Ventura ., California, Los Angeles

☆ Morgan Stanley CEO says there's 'real progress' in the fight against inflation
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley CEO says there's 'real progress' in the fight against inflationJames Gorman of the financial services firm says despite the U.S. and U.K. central banks being late in raising interest rates, "when they got there, they really got going."

Persons: Morgan Stanley, there's, James Gorman Organizations: U.S

☆ Morgan Stanley CEO and chairman James Gorman on Basel III readiness
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley CEO and chairman James Gorman on Basel III readinessMorgan Stanley will be able to cope with "any form" of the Basel III "end game," says chairman and chief executive James Gorman.

Persons: Morgan Stanley, James Gorman Organizations: Basel III Locations: Basel

☆ Morgan Stanley CEO says his firm is ready for 'Basel III endgame' — the sweeping new global rules on banking
▼ + stars: | 2023-11-16 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader's Investment Summit in Hong Kong, China, on Tuesday, Nov. 7, 2023. The de-facto central bank of the Chinese territory is this week holding its global finance summit for a second year in a row. Photographer: Lam Yik/Bloomberg via Getty ImagesSINGAPORE — Morgan Stanley Chairman and CEO James Gorman said his firm will be able to cope with "any form" that new banking regulations end up taking, but added he expects some watering down before the final rules are confirmed. U.S. regulators on Tuesday defended their plans for a sweeping set of proposed changes to banks' capital requirements, speaking in front of the U.S. Senate Banking Committee. These proposed changes in the U.S. seek to incorporate parts of international banking regulations known as Basel III, which was agreed to after the 2008 crisis and has taken years to roll out.

Persons: James Gorman, Morgan Stanley, Lam Yik, Getty Images SINGAPORE — Morgan Stanley, it's, Gorman, Morgan, I've Organizations: Financial, Investment, Bloomberg, Getty Images SINGAPORE, U.S . Senate Banking Committee, Basel III, CNBC, Pacific, Federal Reserve, Fed Locations: Hong Kong, China, U.S, Basel, —, Morgan Stanley's, Asia, Singapore, New York

☆ Snap employees say CEO Evan Spiegel is in his 'Elon era' and promoting a 'hardcore' work culture
▼ + stars: | 2023-11-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Evan Spiegel is having an "Elon moment," according to a report from the The Information citing staff. The 33-year-old Snap CEO is taking a hands-on approach and asking employees to work harder. Business Insider reported in October that staff in Snap's ad business are struggling with nitpicking and micromanagement. Several employees who left the company recently told The Information that Snap's 33-year-old cofounder and CEO Evan Spiegel is in his "Elon era" or "Elon moment," as he makes decisions emulating the billionaire's "hardcore" work culture at X — formerly Twitter. Snap's advertising business makes up a huge chunk of its revenue.

Persons: Evan Spiegel, Elon, —, Elon Musk, Spiegel hasn't, Musk, Spiegel, Nima Khajehnouri, Jeremi Gorman, Peter Naylor, Snap's, Jerry Hunter, we're Organizations: Business, Service, Employees, Santa Locations: Santa Monica

☆ Here’s a rapid-fire update on all 35 stocks in our portfolio, including a new industrial
▼ + stars: | 2023-11-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy

☆ Suspect in Colorado supermarket massacre enters insanity plea
▼ + stars: | 2023-11-14 | by ( Keith Coffman | ) www.reuters.com time to read: +3 min

[1/2] A man cries at the site of a shooting at King Soopers grocery store in Boulder, Colorado, U.S. March 24, 2021. One of the victims was initially shot and wounded in the back, then slain as he tried to crawl away. The shooting spree ended when a police officer shot Alissa in the leg, leading the gunman to surrender. The murder case against Alissa stalled after he underwent a court-ordered psychiatric evaluation and was diagnosed with schizophrenia in late 2021. An insanity plea relates to a defendant’s mental status at the time of the alleged crime.

Persons: Alyson McClaran, Ahmad Al Aliwi Alissa, Ingrid Bakke, Alissa, Sarah Cantu, ” Cantu, Cantu, Bakke, ”, Keith Coffman, Steve Gorman, Bill Berkrot Organizations: King, REUTERS, Rights DENVER, Ruger, Authorities, Thomson Locations: Boulder , Colorado, U.S, Colorado, Boulder District, Boulder, Denver

☆ Repairs to arson-damaged Los Angeles freeway expected to take at least 3 weeks
▼ + stars: | 2023-11-14 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Crew members work in the area, where a fire erupted over the weekend, shutting down a heavily trafficked corridor in Los Angeles, California, U.S., November 13, 2023. REUTERS/Jorge Garcia Acquire Licensing RightsLOS ANGELES, Nov 14 (Reuters) - A Los Angeles freeway section heavily damaged by a weekend fire can be salvaged and reopened after extensive repairs rather than having to be demolished and rebuilt, a project that nevertheless will likely take three to five weeks, officials said on Tuesday. The project was expected to commence immediately and continue around the clock until completed, California Governor Gavin Newsom said. Meanwhile, arson investigators were continuing their work seeking to identify the person or persons responsible for setting the fire, Newsom said. Newsom said the state had leased the site to Apex Development Inc, a company based in Calabasas, north of Los Angeles.

Persons: Jorge Garcia, Gavin Newsom, Karen Bass, Newsom, Daniel Berlant, Steve Gorman, Alistair Bell Organizations: REUTERS, Santa, Fire, Apex Development Inc, Apex, Thomson Locations: Los Angeles , California, U.S, Los Angeles, Santa Monica, California, California's, Calabasas

☆ Cramer says these 4 stocks will benefit from the end of Fed's rate-hiking cycle
▼ + stars: | 2023-11-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "We've been big fans of what [Fed Chair] Jay Powell is doing and staying the course and our portfolio reflects that," Jim Cramer said Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, We've, Jay Powell, Stanley Black, Decker, Morgan Stanley, James Gorman, they've, They're, Jim, We're, Jim Cramer's Organizations: CNBC, Federal, Treasury, Procter, Gamble, Nvidia, TJX Companies Locations: Homegoods

CNN —The Chinese government has built up the world’s largest known online disinformation operation and is using it to harass US residents, politicians, and businesses—at times threatening its targets with violence, a CNN review of court documents and public disclosures by social media companies has found. Victims face a barrage of tens of thousands of social media posts that call them traitors, dogs, and racist and homophobic slurs. While tech and social media companies have shut down thousands of accounts targeting these victims, they’re outpaced by a slew of new accounts emerging virtually every day. As part of a mission “to manipulate public perceptions of [China], the Group uses its misattributed social media accounts to threaten, harass and intimidate specific victims,” the complaint states. In the past, the Spamouflage network mostly focused on issues domestically relevant to China.

Persons: –, Xi Jinping, Biden, Mike Gallagher, Chen Pokong, ”, Chen, “, Spamouflage’s, Liu Pengyu, ” Liu, Jiayang, Darren Linvill, hasn’t, Fan, Communist Party playbook, Mandiant, Nancy Pelosi, ” Ben Nimmo, George Floyd’s, Ben Nimmo, Lindsay Gorman, Gorman, ” Linvill, Linvill, Spamouflage, Jiajun Qiu, Qiu, ” Qiu Organizations: CNN, US State Department, FBI, Communist Party, Meta, Google, ”, CCP, US Department of Justice, Department, DOJ, China’s Ministry of Public Security, Group, New Yorker, telltale, Media, Clemson University, Capitol, Department of Homeland Security, Marshall Fund’s Alliance, Securing Democracy, YouTube Locations: United States, Beijing, San Francisco, China “, New York, China, New York City, America, Washington, Hong Kong, US, Texas, Virginia, Manassas , Virginia

LOS ANGELES, Nov 13 (Reuters) - Investigators have determined arson caused the weekend fire that heavily damaged an elevated stretch of a downtown Los Angeles freeway, forcing its indefinite closure and setting the stage for prolonged traffic turmoil, state officials said on Monday. [1/7]Crew members work in the area, where a fire erupted over the weekend, shutting down a heavily trafficked corridor in Los Angeles, California, U.S., November 13, 2023. Newsom identified the leaseholder for state-owned property beneath the freeway that burned as Apex Development Inc, based in Calabasas, California, north of Los Angeles. Newsom on Sunday proclaimed a state of emergency in Los Angeles County in order to expedite repairs to the freeway. Reporting by Steve Gorman in Los Angeles and Daniel Trotta in Carlsbad, California; additional reporting by Rich McKay in Atlanta and Lisa Baertlein in Los Angeles; Editing by Jonathan Oatis and Stephen Coates and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Gavin Newsom, Newsom, Daniel Berlant, Berlant, Karen Bass, Laura Rubio, Rubio, Cornejo, Jorge Garcia, Bass, Steve Gorman, Daniel Trotta, Rich McKay, Lisa Baertlein, Jonathan Oatis, Stephen Coates, Miral Organizations: ANGELES, downtown, Transportation Department, REUTERS, Engineers, Apex Development Inc, Apex, Sunday, Los Angeles Times, Thomson Locations: Los Angeles, California, Santa Monica, downtown L.A, Los Angeles , California, U.S, Calabasas , California, Los Angeles County, Carlsbad , California, Atlanta

☆ NASA probe to observe near-Earth asteroid's 2029 close encounter
▼ + stars: | 2023-11-10 | by ( Steve Gorman | ) www.reuters.com time to read: +5 min

When it does, a spacecraft launched by NASA in 2016 is expected to be in position to provide a detailed examination of this rare close encounter. The tidal pull of Earth's gravity likely will cause measurable disturbances to the asteroid's surface and motion, changing its orbital path and rotational spin. The spacecraft is set to observe the asteroid's Earth flyby as it nears and ultimately catches up with Apophis. PLANETARY SCIENCE AND DEFENSELike other asteroids, Apophis is a relic of the early solar system. Close examination of Apophis could give planetary defense experts valuable information about the structure and other properties of asteroids.

Persons: NASA's, Michael Nolan, It's, Nolan, it's, Steve Gorman, Will Dunham Organizations: NASA, APEX, NASA's Goddard Space, Empire, University of Arizona, SPACECRAFT'S SECOND, Planetary Science, Thomson Locations: Utah, Africa, Europe, Apophis, Los Angeles

☆ Former top Baltimore prosecutor convicted of federal perjury charges
▼ + stars: | 2023-11-10 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Nov 9 (Reuters) - Baltimore's former top prosecutor Marilyn Mosby was found guilty of perjury on Thursday for falsely claiming financial duress to withdraw funds from a retirement plan. A U.S. District Court jury in Greenbelt, Maryland, convicted Mosby, 42, on both federal perjury counts she faced after hours of deliberation. Mosby, a Democrat, lost her bid for a third term after she was indicted on federal charges in January 2022. Mosby's defense team argued in court that she did not lie in stating financial hardship because her private travel business took a hit during the pandemic. None of the six officers charged in his death was convicted.

Persons: Marilyn Mosby, Mosby, Freddie Gray, Prosecutors, Gray, Steve Gorman, Michael Perry Organizations: Maryland, Baltimore, Democrat, Maryland U.S, Attorney's, Prosecutors, Internal Revenue Service, Thomson Locations: U.S, Greenbelt , Maryland, Maryland, COVID, Florida, Los Angeles

☆ Investor Sarat Sethi shares his picks for a higher-for-longer interest rate environment
▼ + stars: | 2023-11-09 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investor Sarat Sethi shared his stock picks to position for a higher-for-longer interest rate environment. Additionally, Sethi favors Uber Technologies over Lyft , saying the former's "capital allocation has been fabulous." The managing director said he favors Uber Technologies' positive cash flow , which it reached for the first time this year, as well as its brand and international footprint. "In an environment where rates are where they are, you're not getting a free call option for just growth without any cash flow." "The market hates this at this point, but if you get great capital allocation story success, seven times forward cash flow, it hasn't been this cheap in over a decade."

Persons: Sarat Sethi, Morgan Stanley, Sethi, Ted Pick, James Gorman, Uber, Lyft Organizations: Douglas, Lane & Associates, Technologies, Communications

NEW YORK, Nov 8 (Reuters) - Bank of America (BAC.N) CEO Brian Moynihan said on Wednesday he expects a soft landing in which the U.S. economy avoids a recession even as consumer spending and commercial borrowing slow. "Our research team is the best in the business and they have moved to the soft landing category. They have a slowdown in the economy in the middle of next year," Moynihan said in a wide-ranging interview at the Reuters NEXT conference. For months, Moynihan has cited healthy consumer finances and spending as indications that the U.S. economy could avoid recession. In the so-called soft landing scenario, economic growth slows, but remains positive.

Persons: Brian Moynihan, Moynihan, Lananh Nguyen, Brendan McDermid, Morgan Stanley, James Gorman, Ted Pick, Tatiana Bautzer, Chizu Nomiyama, David Gregorio, Edward Tobin Organizations: Bank of America, Reuters NEXT, Reserve, Federal, Reuters, REUTERS, Bank of, Wall, reuters, Thomson Locations: U.S, New York City , New York

☆ Snap's longtime vice president of engineering and monetization is exiting the company
▼ + stars: | 2023-11-08 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Biswanath Panda, vice president of monetization engineering who reported to Khajehnouri, left the company in May after just a year in the role and joined Uber. Jacob Andreou, Snap's former senior vice president of product and growth, left after working there since 2015 and then joined Greylock. Vice president of product Peter Sellis left Snap in September after eight years, taking on a similar role with Discord. Snap in June hired Eric Young as its new senior vice president of engineering, with Khajehnouri then reporting to him. In addition to Young, Darshan Kantak joined as senior vice president of revenue product, Patrick Harris joined as president of Americas, Ronan Harris joined as president of EMEA, and Ajit Mohan joined as president of APAC.

Persons: Nima Khajehnouri, Khajehnouri, Evan Spiegel, Spiegel, he's, Jeremi Gorman, Peter Naylor, Jerry Hunter, Gorman, Ben Schwerin, Biswanath Panda, Uber, Jacob Andreou, Greylock, Peter Sellis, Hunter, Eric Young, Young, Darshan Kantak, Patrick Harris, Ronan Harris, Ajit Mohan Organizations: Snap, EMEA Locations: Snapchat

☆ Banking chiefs say market vulnerable to 'geopolitical escalation', regulatory push
▼ + stars: | 2023-11-07 | by ( Selena Li | ) www.reuters.com time to read: +3 min

[1/3] UBS Chairman Colm Kelleher looks on during the Global Financial Leaders' Investment Summit, in Hong Kong, China November 7, 2023. REUTERS/Tyrone Siu Acquire Licensing RightsHONG KONG, Nov 7 (Reuters) - Top global banking chiefs on Tuesday said they are concerned the financial sector's next crisis may come from rising geopolitical uncertainty which could test financial market resiliency, while the industry remains vulnerable to regulatory tightening. The trigger for the next global financial crisis is likely to come from the geopolitical or political space, said Morgan Stanley (MS.N) Chairman and CEO James Gorman. Gorman was among more than a dozen top executives of international firms speaking at the Global Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority. REGULATION "WAY TOO FAR"The global banking bosses also took the stage of the Asia summit to voice their concerns in an unusually aggressive joint effort to push back on a set of stricter banking rules.

Persons: Colm Kelleher, Tyrone Siu, Morgan Stanley, MS.N, James Gorman, Gorman, " Gorman, Christian, Goldman Sachs, David Solomon, Solomon, Morgan Stanley's Gorman, Selena Li ， Kane Wu, Xie Yu, Scott Murdoch, Summer, Tom Hogue, Christopher Cushing, Lincoln Organizations: UBS, Global Financial, Investment, REUTERS, Tyrone, Investment Summit, Hong Kong Monetary Authority, Deutsche Bank, Christian Sewing, UBS Group, Thomson Locations: Hong Kong, China, HONG KONG, Israel, Gaza, Russia, Ukraine, Asia, U.S

☆ Jewish-led peace activists protest at Statue of Liberty to demand Gaza ceasefire
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 6 (Reuters) - Hundreds of protesters, many from the group Jewish Voice for Peace, staged a sit-in on Monday outside New York's Statue of Liberty, calling for a cease-fire in the Israel-Hamas war in the Gaza Strip. Others stood on the statue's pedestal, draping large banners over the side that read "Ceasefire Now!" The Jewish-led organization opposes the Israeli government's policies toward Palestinians as a form of apartheid. Vowing to crush Hamas in retaliation, Israel's military unleashed an unprecedented bombardment of Gaza followed by a ground offensive into the crowded coastal enclave. Both Israel and the Hamas militants who control Gaza have rebuffed calls for a ceasefire.

Persons: Emma Lazarus, Antonio Guterres, Steve Gorman, Lincoln Organizations: Jewish, Peace, Grand Central, Canon, . Park Police, Thomson Locations: Israel, Gaza, Manhattan, Washington, Iranian, Los Angeles

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