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In today's big story, we're looking at a fascinating deep dive into the state of Goldman Sachs, including an interview with CEO David Solomon. The big storyLong live GoldmanJon Krause for InsiderDid Goldman Sachs need to die to survive? The prestigious Wall Street bank has drawn plenty of bad headlines over the past few years, often focused on CEO David Solomon. AdvertisementMichael Kovac/Getty ImagesMcLean's story provides a fascinating look at not just Goldman Sachs' evolution but Wall Street's. Goldman COO John Waldron told McLean it's a "big, big issue" at the bank.
Persons: , we've, it's, Goldman Sachs, David Solomon, What's, Goldman Jon Krause, Solomon, Bethany McLean, McLean, he's, hasn't, Michael Kovac, Banks, Goldman, John Waldron, McLean it's, wouldn't Goldman, Jerome Powell, Carlos Barria, Mark Zuckerberg, Jeff Bottari, Mark, TikTok, Ian Grandjean, Chatbots, Frederick Banting, Travis Barker, King Charles III, Yuna, Condoleezza Rice, Claude Monet, Ina, Terri Peters, Ina Garten, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Business, Enron, Brookings Institution, UBS, Moody's, Facebook, Google, Meta, Apple Locations: Washington, Roman, New York City, San Diego, London, New York
Seven Bridges Trail is a 2-mile loop in Grant Park in Milwaukee, Wisconsin. While visiting my hometown of Milwaukee, Wisconsin, a family friend recommended I take some time to hike Seven Bridges Trail. I grew up in the area and have visited many of its parks and hiking areas, but I'd never heard of that one. Upon further research, I found that Seven Bridges Trail is located in South Milwaukee's Grant Park, a 381-acre oasis with 2 miles of shoreline along Lake Michigan, according to Milwaukee County Parks. My dad also grew up in Wisconsin and has ridden his bike through Grant Park dozens of times, but even he had never heard of Seven Bridges Trail.
Persons: hadn't, who's, , I'd, Frederick C, Wulff Organizations: I'm, Service, Milwaukee County Parks . Horticulture, Works Progress Administration Locations: Grant Park, Milwaukee , Wisconsin, Wisconsin, hadn't, South Milwaukee's, Lake Michigan, Grant
Donald Trump, Jr. testified again in the NY fraud trial Monday – this time as a defense witness. Just four members of the public queued up to watch Donald Trump's namesake son testify as the first defense witness. AdvertisementAdvertisementDonald Trump, Jr. was in court Monday as his father's cheerleader-in-chief. When the judge told him, "Welcome back," Donald Trump, Jr. answered with a joke. "It was spectacular for quite some time," Donald Trump, Jr., said of Wollman Rink in Central Park, which the Trump Organization operated for the city from 1986 to 2021.
Persons: Donald Trump , Jr, , Donald Trump's, Ralph Baker, Eric Trump, Letitia James, Trump, Clifford Robert, Colleen Faherty, Andrew Amer, Wollman Organizations: Service, Trump Organization, Yukon, Trump, Wollman Rink, Federal Reserve Locations: New York, Manhattan's, Klondike, Central Park, New York's Westchester County, New York City
Edelman also founded Edelman Financial, a large firm of registered investment advisors. The potential of a bitcoin ETF has appeared to help fuel a recent rally in the cryptocurrency. Concerns from advisors Crypto's dramatic rise has largely come without the embrace of the traditional financial system, such as financial advisors and major banks. But not all financial advisors seem ready to embrace crypto just because investing in it is simpler. Client demand Even if advisors are skeptical of crypto, the arrival of bitcoin ETFs is sure to generate more questions from clients.
Persons: BlackRock, Ric Edelman, Edelman, Bitcoin, bitcoin, Sam Bankman, Randy Frederick, Frederick, Andrew Morgan, Taylor, Morgan, that's, Amy Hescht, They're Organizations: Nasdaq, Digital Assets Council, Financial Professionals, Edelman, The Securities, Exchange Commission, SEC, Blackrock, Schwab Center, Financial Research, Fidelity, Presper Financial, Advisors, fund's Locations: United States, U.S, Bitcoin, BlackRock, Michigan, Akron , Ohio
CNN —The Metropolitan Museum of Art’s Costume Institute has revealed details of its 2024 spring exhibition, which serves as the inspiration for the theme of the accompanying Met Gala. “Sleeping Beauties: Reawakening Fashion” will be presented at the Costume Institute in New York from May 10 through September 2, 2024, pulling rare “masterworks” from the Institute’s archive for museumgoers to experience in a new, imaginative way, according to a press release. Nick Knight/Courtesy of The Metropolitan Museum of Art“When an item of clothing enters our collection, its status is changed irrevocably. Hippolyte Petit/BFA.com; Courtesy The Metropolitan Museum of ArtGarments too fragile to be dressed on mannequins will be displayed instead as the titular “sleeping beauties,” appearing in coffin-like glass displays with microscopes available to observe their deterioration up close, according to the Institute. But how will celebrities interpret a more abstract, nuanced theme on the Met Gala’s red carpet — especially one that focuses on garments that one can no longer wear?
Persons: Karl Lagerfeld’s, Madeleine Vionnet, Elsa Schiaparelli, Christian Dior, Alexander McQueen, Charles Frederick Worth, Nick Knight, , Andrew Bolton, Hippolyte Petit, Karolina Kurkova’s Marchesa, Blake, Ralph Lauren Organizations: CNN, Metropolitan Museum, Art’s, Costume Institute, Met, Metropolitan Museum of Art, Dior's, Metropolitan Museum of, Institute Locations: New York, Worth
London CNN —A rare first-class menu from the Titanic sold for £83,000 ($102,000) on Saturday as part of an auction of memorabilia associated with the doomed ocean liner. The ultimately salvaged menu details the first dinner on board after the Titanic set sail from Queenstown, Belfast and reveals the opulence that the ship’s first-class passengers would have experienced. There seem to be no other surviving examples of the first-class menu for that specific night, the auction house found after consulting museums with Titanic collections and speaking to leading memorabilia collectors. Other items in the auction offer a fleeting glimpse into the lives of the 2,223 passengers and crew on board the Titanic, of whom just 706 survived. It fetched £97,000 ($119,000) to become the most expensive lot sold at Saturday’s auction.
Persons: Henry Aldridge, Sinai Kantor, Son, Frederick Toppin Organizations: London CNN, Titanic, Son Ltd Locations: Queenstown, Belfast, Victoria, New York, Russian, United States
London CNN —A rare first-class menu from the Titanic is expected to fetch up to £70,000 ($86,000) when it goes on sale on Saturday in an auction of memorabilia associated with the doomed ocean liner. The ultimately salvaged menu details the first dinner on board after the Titanic set sail from Queenstown, Belfast and reveals the opulence that the ship’s first-class passengers would have experienced. There seem to be no other surviving examples of the first-class menu for that specific night, the auction house found after consulting museums with Titanic collections and speaking to leading memorabilia collectors. Other items in the auction offer a fleeting glimpse into the lives of the 2,223 passengers and crew on board the Titanic, of whom just 706 survived. And a facing slip used to mark bundles of mail highlights the fate of the postal clerks aboard, all of whom died attempting to haul mail sacks to the ship’s upper decks to try to save them from flooding, the auction house added.
Persons: Henry Aldridge, Sinai Kantor, Son, Frederick Toppin Organizations: London CNN, Titanic, Son Ltd Locations: Queenstown, Belfast, Victoria, New York, Russian, United States
Martin acoustic guitars are some of the most popular and well-known high-end acoustic guitars in the world. They're owned and played by pop stars like Ed Sheeran and Shawn Mendes. In the past, Elvis Presley, John Lennon, Kurt Cobain, and Bob Dylan all have used Martin guitars. Martin is one of the oldest guitar brands still active, having opened in 1833 in downtown Manhattan, New York. Today, the company is based in Nazareth, Pennsylvania, and is still owned by the descendants of its founder, Christian Frederick Martin.
Persons: Martin, Ed Sheeran, Shawn Mendes, Elvis Presley, John Lennon, Kurt Cobain, Bob Dylan, Christian Frederick Martin Locations: Manhattan , New York, Nazareth , Pennsylvania
Biden touts billions for northeast US rail corridor
  + stars: | 2023-11-06 | by ( Jarrett Renshaw | ) www.reuters.com   time to read: +2 min
REUTERS/Erin Scott/File Photo Acquire Licensing RightsNov 6 (Reuters) - U.S. President Joe Biden on Monday will announce the latest tranche of federal dollars to modernize key portions of the nation's busiest rail corridor that stretches from Boston to Washington DC. Biden is highlighting $16.4 billion in funding from the 2021 bipartisan infrastructure law for 25 passenger rail projects on Amtrak’s Northeast Corridor, which supports some 800,000 trips per day in a region that represents 20% of the nation's gross domestic product. "The bottom line is that for the over 200 million passengers who ride this rail corridor every year, these improvements are going to shorten travel times and improve reliability," U.S. Transportation Secretary Pete Buttigieg said in a statement. Monday's event marks at least the third time Biden has held an event to highlight funding the Northeast Corridor line, underscoring the president's personal connection with the corridor. He believes strongly in improving America's passenger rail and he knows the Northeast Corridor like no one else," White House infrastructure czar Mitch Landrieu said.
Persons: Joe Biden, Finnegan, Maisy, Erin Scott, Biden, Pete Buttigieg, Frederick Douglass, Mitch Landrieu, Jarrett Renshaw, Lincoln Organizations: REUTERS, Washington DC, U.S . Transportation, Amtrak, Thomson Locations: Philadelphia , Pennsylvania, U.S, Boston, Washington, New York, Hudson, New Jersey, Maryland, Wilmington, Amtrak's Wilmington
Opinion | Donald Trump Has Closed the Republican Mind
  + stars: | 2023-11-06 | by ( Peter Wehner | ) www.nytimes.com   time to read: +2 min
The poet Frederick Turner described “The Closing of the American Mind” as “the most thoughtful conservative analysis of the nation’s cultural sickness.”Yet today it is the American right that most fully embodies the attitudes that so alarmed Mr. Bloom. We see that most clearly in the right’s embrace of Donald Trump and the MAGA movement he represents. Mr. Trump is cruel and remorseless, compulsive and vindictive, an accomplished conspiracy theorist. While doing this, Mr. Trump has expanded his lead over his nearest rival in the race for the 2024 Republican nomination to more than 40 points. In other words, no matter how much wrongdoing Mr. Trump engages in, however outrageous and brutish his conduct, he remains wildly popular.
Persons: Frederick Turner, Bloom, Donald Trump, MAGA, Trump, Nancy Pelosi, Mark Milley Organizations: Joint Chiefs of Staff, Mr Locations: American
That's according to Frederick Kempe, CEO of foreign policy think tank Atlantic Council, and it is a fear he says more CEOs of major corporations are focused on today. JPMorgan CEO Jamie Dimon recently warned, “This may be the most dangerous time the world has seen in decades.”According to Kempe, that's a feeling shared in many corporate boardrooms. The last three major inflection points in history were World War I, World War II, and the Cold War, and now the tensions and risks are higher than ever. Kempe believes it's up to the United States to ensure the global system stays intact. He cited how the choices made by the U.S. after World War I led to isolationism, the Holocaust, and millions of deaths, while the nation "got it right" after World War II, resulting in international institutions like the United Nations and NATO.
Persons: Frederick Kempe, Jamie Dimon, Kempe, that's, it's Organizations: Al, Atlantic Council, JPMorgan, CNBC, U.S, United Nations, NATO Locations: Al Bureij, Gaza City, Gaza, United States, Israel, Ukraine, Afghanistan, Russia, U.S
Opinion | The Laws of Campus Culture War
  + stars: | 2023-11-02 | by ( David French | ) www.nytimes.com   time to read: +15 min
They represent the moral and philosophical foundations for the concrete constitutional rules of culture war that directly apply on campus. One of the most powerful and compelling arguments for free speech in American history was born out of mob suppression. In 1860, Frederick Douglass wrote his “Plea for Free Speech in Boston” after a violent mob shut down an antislavery event. Every college and university — public or private — that receives federal funds has an affirmative duty to protect students’ civil rights. In the recent past, schools have sometimes been too enthusiastic about stopping harassment, defining the term so broadly that university anti-harassment policies actually violate students’ free speech rights.
Persons: George Washington, , , Abraham, ” Washington, Johnson, Watts, they’re, Deactivating, Frederick Douglass, ” Douglass, Biden, Davis, VI, Scott Alexander’s, it’s, Organizations: State University System of, Justice, Cooper Union, Cornell University, Trees School, . Ohio, Klan, Hamas, Civil, of Education, Cornell, Democratic Locations: State University System of Florida, Palestine, New York City, Ithaca, N.Y, , United States, America, Newport, R.I, Texas, Terminiello, Chicago, Brandenburg, ., Ohio, , Gaza, Florida, Boston, Monroe County
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden's executive order has given 'one of the more comprehensive' AI regulation schedules: AnalystFrederick Havemeyer of Macquarie Group discusses the new executive order on artificial intelligence that U.S. President Joe Biden issued.
Persons: Frederick Havemeyer, Joe Biden Organizations: Macquarie Group
WASHINGTON (AP) — The second person to receive a transplanted heart from a pig has died, nearly six weeks after the highly experimental surgery, his Maryland doctors announced Tuesday. Lawrence Faucette, 58, was dying from heart failure and ineligible for a traditional heart transplant when he received the genetically modified pig heart on Sept. 20. According to the University of Maryland School of Medicine, the heart had seemed healthy for the first month but began showing signs of rejection in recent days. The Maryland team last year performed the world’s first transplant of a heart from a genetically altered pig into another dying man. David Bennett survived two months before that heart failed, for reasons that aren’t completely clear although signs of a pig virus later were found inside the organ.
Persons: Lawrence Faucette, Faucette, Faucette’s, Ann, , David Bennett, Faucette's, ” Dr, Bartley Griffith, Organizations: WASHINGTON, University of Maryland School of Medicine, Maryland, Navy, Food and Drug Administration, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Maryland, Frederick , Maryland
A 58-year-old man with heart failure who received a new heart from a genetically modified pig died on Monday, nearly six weeks after receiving the pig organ, University of Maryland Medical Center officials announced on Tuesday. The first patient, 57-year-old David Bennett, died last year, two months after his transplant. He had developed multiple complications, and traces of a virus that infects pigs were found in his new heart. Both of the patients had terminal heart disease when they received the transplanted organs, and neither managed to recover sufficiently to leave the hospital. But while doctors said that Mr. Bennett did not show any signs of acute rejection of the new heart, which is the most significant risk in organ transplants, they said that Mr. Faucette’s transplanted heart had started to display some initial signs of rejection.
Persons: Lawrence Faucette, David Bennett, Mr, Bennett, Faucette’s Organizations: University of Maryland Medical Center Locations: Frederick, Md
America's last functional prison ship, New York's Vernon C. Bain Correctional Center, is closing. The Vernon C. Bain Correctional Center was originally meant to solve overcrowding at Rikers Island. Vernon C. Bain currently houses 500 incarcerated people, though it has 800 beds. Inmates can be seen playing basketball on the Vernon C. Bain court. It's unclear what the future for the Vernon C. Bain Correctional Center is after inmates are all transferred out.
Persons: New York's Vernon C, , Kenneth Williams, Williams, Vernon C, Seth Wenig, United States —, Bain, Gregory Acevedo, Stephan Khadu, Darren Mack, Gary Hershorn, who've, David Dee Delgado, Edward Koch, Khadu, Joseph B, Frederick, Lezandre Khadu, Stephan Khadu's, Rudy Giuliani, David Howells, Corbis, Latima Johnson, Johnson Organizations: Bain Correctional Center, Service, New York City's, Bain Correctional, AP, Department of Correction, Bain, New, New York, Getty Images Locations: New York's, Brooklyn, New, Bronx, United States, New York, Rikers, New York City, California, South Bronx,
Matthew Perry, ‘Friends’ Star, Dies at 54
  + stars: | 2023-10-30 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
Matthew Perry, ‘Friends’ Star, Dies at 54Matthew Perry, who starred as Chandler Bing in the popular ‘90s sitcom “Friends,” has died at the age of 54. The actor was found dead at his home, according to the Los Angeles County Medical Examiner. Photo: Frederick M. Brown/Getty Images
Persons: Matthew Perry, Chandler Bing, , Frederick M, Brown Organizations: Angeles, Medical
Matthew Perry was found dead at his home, according to the Los Angeles County medical examiner. Photo: Frederick M. Brown/Getty ImagesMatthew Perry, the Emmy-nominated “Friends” star, has died at 54 years old. The actor rocketed to stardom on “Friends,” an NBC comedy about six friends living in New York, from 1994 until the series finale in 2004. The TV show became one of the most watched sitcoms of all time, turning Perry and his co-stars—Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc and David Schwimmer—into household names.
Persons: Matthew Perry, Frederick M, Brown, rocketed, , Perry, — Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc, David Schwimmer — Organizations: NBC Locations: Angeles, New York
Matthew Perry was found dead at his home, according to the Los Angeles County medical examiner. Photo: Frederick M. Brown/Getty ImagesIn the first five minutes of the pilot episode of “Friends,” Ross is destroyed because his wife has moved out and has turned out to be a lesbian, Rachel has run out on her wedding, and Matthew Perry’s Chandler Bing has unpacked a dream: He’s back in high school, he’s in the cafeteria, he’s naked, and he has a phone down…there. “All of a sudden, the phone starts to ring,” he says in the 1994 episode. “And it turns out, it’s my mother, which is very, very weird because…she never calls me.”
Persons: Matthew Perry, Frederick M, Brown, ” Ross, Rachel, Matthew Perry’s Chandler Bing, Organizations: he’s Locations: Angeles
Investors have grown more worried about a widening conflict in recent days after the U.S. dispatched more military assets to the Middle East while Israel attacked targets in Gaza and Hamas supporters in Lebanon and Syria. Some investors also expect a widening conflict could prompt safe-haven buying of Treasuries. "However, an escalation of the conflict would likely shift attention away from monetary policy concerns and boost safe-haven demand for Treasuries." The Cboe Volatility index (.VIX) has climbed in the wake of the conflict and rose on Friday, approaching seven-month highs. The Federal Reserve is set to give its latest monetary policy statement on Wednesday, while Apple's quarterly results highlights another busy week of corporate reports.
Persons: Dado Ruvic, , Randy Frederick, Charles Schwab, Brent, Peter Cardillo, Lewis Krauskopf, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: REUTERS, Federal, Hamas, Investors, U.S, Capital Economics, Spartan Capital Securities, UBS Global Wealth Management, Thomson Locations: Gaza, East, Israel, Lebanon, Syria, Treasuries, U.S
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. October has lived up to its reputation for volatility, as a surge in Treasury yields and geopolitical uncertainty pressured stocks. Higher Treasury yields are seen as a headwind to stocks, in part because they compete with equities for buyers. More broadly, some believe the stock market's trading patterns this year point to a rebound in the fourth quarter. "The stock market is poised for a late Q4 rally."
Persons: Brendan McDermid, Sam Stovall, CME's, Alex McGrath, Charlie Ripley, Tesla, Stovall, Ned Davis, Randy Frederick, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Apple Inc, Treasury, Strong U.S, CFRA Research, Investors, U.S, Gross, Fed, Allianz Investment Management, Google, CFRA, Ned Davis Research, Schwab Center, Financial Research, Thomson Locations: New York City, U.S
NEW YORK (AP) — Tens of thousands of books are being banned or restricted by U.S. prisons, according to a new report from PEN America. In its report, PEN found parallels between the frequency of prison bans and book bannings in schools and libraries. Texas, another frequent site of library bannings, had more than 10,000 prison book bans, second only to Florida. "Prison book programs have mostly tried to raise awareness locally when prisons implement new censorship restrictions for communities they serve," the report reads. In Idaho, Amazon and Barnes & Noble are not among the nine approved sellers, which include Books a Million and the Women's Prison Book Project.
Persons: Elmore Leonard, , Moira Marquis, Marquis, Michigan's, Frederick Forsyth's “, Charles de Gaulle, Amy Schumer’s, ” Barrington Barber's, Robert Greene's, Greene, ” Marquis, Noble, , Organizations: PEN America, PEN, Michigan Department of Corrections, , Power, Barnes, Idaho Department of Correction, AP, Marshall Locations: Cuba, Spanish, Florida, Texas, Kentucky, New Mexico, Maine , Michigan, Idaho, Amazon, United States, State
Most days, Athena Frederick goes grocery shopping and picks up her grandson from school without ever getting into a car. The same is true of her teenage daughter, who takes herself to and from high school. That’s possible because she lives in Peachtree City, Ga., a small town just south of Atlanta that started building a network of paths in 1974 that are accessible to golf carts, but not cars. It now extends more than 100 miles, serving 38,000 residents and their more than 11,000 registered carts. Nearly every destination and domicile in the town is accessible via a class of vehicle most Americans regard as a toy.
Persons: Athena Frederick Locations: Peachtree City , Ga, Atlanta
In “Anatomy of a Fall,” Sandra and Samuel’s literary rivalry, and their process of culling their own lives for inspiration, is used against Sandra in court. Triet and Harari treated the feature “as a playground, as well as a nightmare vision of what will never happen to us,” wrote Harari in an email. “Justine is and was more “successful” than I am, but I’m very far from Samuel. Her parents were enthusiastic moviegoers —her father once worked as a projectionist — but her desire to make movies came relatively late. Triet began her filmmaking career making chaotically expressionistic documentary shorts about contemporary politics, including one about the 2007 presidential election in France.
Persons: ” Sandra, Sandra, — Triet, Harari, Samuel, , Justine, ” Triet, Frederick Wiseman, Shirley Clarke, Allan King, Raymond Depardon, Triet, chaotically Locations: Samuel, France
Hopkins pleaded guilty to two counts of murder and five counts of attempted murder last week in an unannounced hearing more than 100 miles (160 kilometers) from where the shootings took place. He kept shooting as more officers rushed to the scene to save their comrades, investigators said. Rescuers had to wait for an armored vehicle so they could get close enough to try to save the wounded officers. Hopkins', 33-year-old Seth Hopkins, pleaded guilty in 2019 to second-degree criminal sexual conduct with a minor and is serving 20 years in prison. Reporters were not told of the hearing where Hopkins pleaded guilty, although the families of the victims and the police agencies were notified.
Persons: Frederick Hopkins, Hopkins, Terrence Carraway, Florence County Sheriff’s, Farrah Turner, Seth Hopkins, Frederick Hopkins ’, , Organizations: Florence County, Florence Police, Courier of Locations: South Carolina, Florence, Vietnam, Courier of Charleston
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