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The biggest buy came from RenaissanceRE CEO Kevin O'Donnell, who bought $2.5 million worth of the insurer's stock, according to securities filings and VerityData. Kiani's roughly $1 million purchase comes after he scooped up $6 million of the stock in November and December of 2022. 1) RenaissanceRE — O'Donnell bought $2.5 million worth of shares on May 26 as part of a secondary offering. 4) Masimo — Kiani spent just over $1 million on Masimo stock on May 25, building on a $6 million purchase from late last year. 5) Driven Brands — CEO Jonathan Fitzpatrick bought nearly $1 million worth of the automotive services company's stock on Tuesday.

Persons: Kevin O'Donnell, Validus, O'Donnell, Joe Kiani, Masimo, RenaissanceRE — O'Donnell, Bernard Lanigan, Kevin Dallas, — Kiani, Jonathan Fitzpatrick Organizations: AIG, Politan, Tech, Politan Capital Locations: RenaissanceRe, VerityData

☆ White House and Republicans reach a tentative deal to avoid U.S. default
▼ + stars: | 2023-05-27 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +5 min

WASHINGTON — House Republicans reached a tentative deal with the White House on Saturday night to raise the nation's borrowing limit and avoid a catastrophic default on U.S. sovereign debt. "I expect to finish the writing of the bill, checking with the White House and speaking to the president again tomorrow afternoon," said the California Republican, "Then posting the text of it tomorrow, and then be voting on it on Wednesday." The White House has invited all House Democrats to attend a virtual briefing on Sunday afternoon, presumably to explain what is in the deal and urge Democrats to vote for it. Nonetheless, many Republicans have come to view the biennial vote to raise the debt limit as an opportunity to extract concessions from Democrats in exchange for their votes to avoid a debt default. Unless the debt limit were raised in time and the government was allowed to borrow more, "Our projected resources would be inadequate to satisfy all of these obligations."

☆ Biden and McCarthy to meet on the debt ceiling with only 10 days until U.S. risks default
▼ + stars: | 2023-05-22 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +3 min

Biden joined Irish Taoiseach Leo Varadkar, Speaker of the House Kevin McCarthy (R-CA) and other members of Congress for the traditional St. Patrick's Day Friends of Ireland Luncheon. Biden and McCarthy are set to meet at 5:30 p.m. WASHINGTON — White House negotiators and representatives of House Speaker Kevin McCarthy resumed debt ceiling talks Monday morning, as President Joe Biden prepared to meet with McCarthy face to face with only 10 days to go until the U.S. risks default. Biden is hoping to reach a debt limit deal that would push the next deadline out past the 2024 presidential election. But House Republicans, who so far have endorsed only a one-year hike, say that if Biden wants more time, then he will need to agree to even more cuts.

☆ Timing the market isn't easy during a debt-ceiling showdown. Investors should stick to this strategy instead.
▼ + stars: | 2023-05-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Traders on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty ImagesMark Hamrick is senior economic analyst for Bankrate. Phil Rosen: How should investors be positioning themselves as the debt-ceiling fiasco drags on, and a potential default nears? If making a play around the debt ceiling is a no-go in your view, what should investors opt for instead? Homeowners are "quiet quitting" as low inventory and high mortgage rates keep a key market participant sidelined. That has a dual impact: each owner that postpones looking for a new house also marks one less seller on the market.

☆ The $31 trillion debt-ceiling fiasco could punish markets and it's complicating an already complex economic outlook
▼ + stars: | 2023-05-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In any case, one outcome that many hold with a high degree of certainty is that financial markets are going to feel pain if the "x-date" bell tolls. This $31 trillion debt ceiling argument "comes at the worst possible time," according to Chicago Fed President Austan Goolsbee. "Many past instances of debt limit standoffs have been resolved without significant market fallout," the strategists wrote in a recent note. That's according to LPL chief global strategist Quincy Krosby — she says it boils down to these three reasons. With recession risks climbing, Bank of America analysts slashed their 2023 outlook for oil prices.

☆ State leaders targeting climate investing have quiet stakes in the fossil fuel industry
▼ + stars: | 2023-04-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Fitzpatrick is among a group of powerful Republican state leaders who have waged similar fights against environmentally conscious investing as they held personal investments in, or saw political support from, the fossil fuel industry. Some of the state officials have received campaign donations from fossil fuel companies or their executives. "He has never 'had private briefings tied back to the fossil fuel industry' nor does he personally direct or execute trades himself. Hegar co-signed an open letter in 2021 with other state financial officers that was addressed to the U.S. banking industry and defended the fossil fuel industry. He also co-signed the 2022 letter to Biden from a slate of other state financial officers defending the fossil fuel industry.

The triumphant pair on Sunday will also receive a two-year exemption on the PGA Tour. The Fitzpatrick brothers will pair together at the Zurich Classic. The golf world is very different from when I started to when he’s playing now so he’s going to focus on the Challenge Tour probably, he’s excited for that. Yet Fitzpatrick – dubbed the hardest-working golfer on the PGA Tour – has no intention of accepting his place in the food chain. “I’m constantly looking at ways to improve and get better, and that’s what’s really important is to keep pushing myself and try and catch them up.”

☆ Warren Buffett's former deputy slams crypto and meme stocks, heralds AI's 'iPhone moment,' and flags big risks to commercial real estate. Here are the 6 best quotes from her annual letter.
▼ + stars: | 2023-04-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's ex-deputy blasts meme stocks and cryptos and welcomes a more sensible market. Tracy Britt Cool advises investors to be careful and touts ChatGPT as groundbreaking. Here are the six best quotes from Britt Cool and her Kanbrick cofounder in their annual letter. Tracy Britt Cool and her Kanbrick cofounder, Brian Humphrey, also jabbed at meme stocks and cryptocurrencies, and hailed artificial intelligence as a game-changing technology. (Britt Cool and Humphrey singled out commercial real estate, heavily indebted companies with floating-rate loans, and the mushrooming federal debt as areas of concern.)"

☆ Oklahoma official caught on tape talking about lynching Black people and killing reporters resigns
▼ + stars: | 2023-04-19 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Jennings was caught on tape talking about lynching Black people and killing reporters. In the recording, Jennings also appears to complain about not being able to hang Black people, saying: "They got more rights than we got." The newspaper has filed a lawsuit against the sheriff's office seeking body camera footage and other records connected to Barrick's death. On Tuesday, the Oklahoma Sheriff's Association, a voluntary membership organization and not a regulatory agency, held an emergency meeting of its board. It voted unanimously to suspend Clardy, Manning and Hendrix from the association.

☆ Biden Irish tour moves to Dublin for parliamentary address, castle banquet
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

[1/5] U.S. President Joe Biden holds a toy Air Force One as he meets with U.S. embassy staff families in Dublin, Ireland April 12, 2023. REUTERS/Kevin LamarqueDUBLIN, April 13 (Reuters) - U.S. President Joe Biden, a proud Irish-American, took his three-day tour of Ireland to Dublin on Thursday for an address to parliament and a banquet at Dublin Castle as his focus shifted from Northern Irish peace to celebrating his heritage. It feels like I'm coming home," Biden told journalists on Wednesday afternoon as he toured Carlingford Castle, near the home of one of the Irish branches of his family. Biden will be guest of honour at a banquet at St Patrick's Hall in Dublin Castle on Thursday evening, an honour previously given to Queen Elizabeth II and U.S. President John F. Kennedy. Biden will be accompanied for some of his Dublin engagements by Secretary of State Antony Blinken, who is visiting Ireland before travelling to Vietnam and Japan.

☆ Four dead in Louisville bank shooting were suspect's colleagues, governor's friends
▼ + stars: | 2023-04-11 | by ( Kanishka Singh | Thomson Reuters | Kanishka Singh Is A Breaking News Reporter For Reuters In Washington Dc | ) www.reuters.com time to read: +2 min

April 10 (Reuters) - The four people shot dead in a shooting on Monday in downtown Louisville, Kentucky, were all colleagues of the suspect who gunned them down, and two of them were close friends of Kentucky Governor Andy Beshear. Elliott was a senior vice president of Old National Bank whose downtown branch in Louisville was the site of Monday's assault. "He helped me become governor," Beshear said, while describing Elliott as "an incredible friend." Police deploy at the scene of a mass shooting outside an Old National Bank branch near Slugger Field baseball stadium in downtown Louisville, Kentucky, U.S. April, 10, 2023. Barrick's LinkedIn profile showed he was the senior vice president of commercial real estate banking at Old National Bank and had been with the firm for less than a year.

A judge agreed with that jury that Tesla was liable but said the award was excessive. He ordered a new trial on damages after Diaz declined the reduced $15 million award. But it could be cut even further because punitive damages are typically capped at no more than nine times the amount of damages for emotional distress and other injuries, Saba said. The punitive damages awarded by the jury on Monday were nearly 20 times the damages for emotional distress. The first jury in 2021 awarded Diaz $7 million in damages for emotional distress and a staggering $130 million in punitive damages.

He opted for a new trial on damages after a judge agreed with that jury that Tesla was liable but significantly reduced the award to $15 million. Tesla and lawyers for Diaz did not immediately respond to requests for comment on the verdict. The first jury in 2021 awarded Diaz $7 million in damages for emotional distress and a staggering $130 million in punitive damages. On Friday, Orrick denied a motion by Diaz's lawyers for a mistrial. Orrick said those questions were related to other incidents discussed in the first trial, and that Diaz's lawyers had not shown that the questioning prejudiced the jury.

U.S. District Judge William Orrick denied the motion during a pretrial conference, saying Diaz had not shown that comments by Tesla's lawyers had prejudiced the jury. A different jury in 2021 found Tesla liable for discrimination, which Orrick had upheld while finding that the $137 million the jury had awarded in damages was excessive. Diaz denied making those comments, and his lawyers claimed that Tesla had violated Orrick's order prohibiting new evidence. Tesla is likely to challenge any verdict awarding damages to Diaz. Tesla has said it does not tolerate discrimination and takes complaints by workers seriously.

☆ I'm an Irish American who visited the oldest Irish tavern in New York City for the first time. Here are 9 things that surprised me.
▼ + stars: | 2023-03-23 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Ahead of St. Patrick's Day, I visited McSorley's Old Ale House, which was established in 1854. I was also surprised by how it made me feel pride as an Irish American. AdvertisementI've lived in New York City for almost four years, but I have never been to McSorley's, the oldest Irish pub in the city. Not only is McSorley's the most historic Irish tavern in New York, but it's also often called the oldest Irish tavern in America that's still in operation. Established in 1854, McSorley's is celebrating its 170th anniversary this year, and it is certainly the place to go around St. Patrick's Day.

Persons: Patrick's, —, I've, it's, America that's, McSorley's Organizations: Ale, Irish, Service, Business Locations: St, New York City, Irish, New York, America

☆ U.S. House Speaker McCarthy says he told Biden lack of debt talks jeopardizes economy
▼ + stars: | 2023-03-20 | by ( David Morgan | ) www.reuters.com time to read: +2 min

McCarthy, the top Republican in the House of Representatives, first met with Biden on Feb. 1. But a standoff has since ensued between Republicans who want to use the debt ceiling to exact spending cuts from the White House, and Biden, who wants the debt ceiling raised without strings attached. "I just saw the president again on St. Patrick's Day, Friday," McCarthy told reporters in Orlando, Florida, where House Republicans are holding a retreat this week. Biden has called on McCarthy and House Republicans to produce a fiscal 2024 budget before negotiating on spending. "I said: look, we're not going to raise taxes and we're not going to pass a clean debt ceiling.

☆ Imperious Ireland beat England to clinch Six Nations Grand Slam
▼ + stars: | 2023-03-18 | by ( Padraic Halpin | ) www.reuters.com time to read: +4 min

DUBLIN, March 18 (Reuters) - Ireland completed their fourth Six Nations Grand Slam with a 29-16 victory over England at a pulsating Aviva Stadium on Saturday, emphatically underlining their status as the world's top-ranked team heading into September's World Cup. What a group of coaches," Ireland captain Johnny Sexton, playing in his final Six Nations game, said in a pitchside interview. If it looked like Ireland would cruise towards a Grand Slam in Dublin, following success in Twickenham (2018), Cardiff (2009) and Belfast (1948), England had other ideas and another Owen Farrell penalty after the break made it 10-9. "We've built some foundations over the course of the Six Nations but clearly we want to be a better team." The defeat consigned England to fourth place in the table and a third successive Six Nations with more defeats than victories after winning the championship in 2020.

☆ Celebrating St. Patrick's Day around the world
▼ + stars: | 2023-03-17 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

The latest deluge from dense streams of Pacific moisture sweeping California's skies soaked some mountain areas still clogged with piles of snow dumped by a recent spate of paralyzing blizzards.

☆ Big banks to the rescue
▼ + stars: | 2023-03-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Goldman Sachs' decision to charge employees for coffee might not be that outrageous after all! The largest US banks — headlined by Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo — just pledged a total of $30 billion in deposits to First Republic Bank. As detailed in a release announcing the news, the 11 banks, which also included Goldman Sachs and Morgan Stanley, believe the move "demonstrates their overall commitment to helping banks serve their customers and communities. I can't imagine the big banks looking to pull the rug out from First Republic four months from now, but this money was a deposit, not a donation. Read more about how big banks came to the rescue of First Republic with $30 billion in deposits.

☆ Disappointing photos show what it's like to spend St. Patrick's Day in New York City
▼ + stars: | 2023-03-17 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: 1 min

The St. Patrick's Day Parade is held every year on New York City's Fifth Avenue. A marching band participates in the annual St. Patrick's Day parade along Fifth Avenue on March 17, 2018. Stephanie Keith/Getty ImagesThe St. Patrick's Day Parade has been held in New York City almost every year since 1762, making it the oldest and largest St. Patrick's Day Parade in the world. According to the organizers, around 150,000 people march every year, and the parade attracts 2 million spectators. It's held on March 17 every year unless that date falls on a Sunday; in that case, it's held on Saturday, March 16, which it does in 2024.

Persons: Patrick's, Stephanie Keith, It's, it's Organizations: New York Locations: New, St, New York City

☆ Palace sack manager Vieira after winless run
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +2 min

March 17 (Reuters) - Crystal Palace sacked manager Patrick Vieira after 20 months in charge on Friday after their 1-0 defeat at Brighton & Hove Albion left them three points above the Premier League relegation zone. Palace are the only side in the league without a win in 2023, having drawn five and lost six of their games. Their last league win came on Dec. 31, 2-0 at Bournemouth, and they are 12th on 27 points with 11 games to play. Vieira, 46, guided Palace to a 12th-placed finish and an FA Cup semi-final run in his first season in charge, earning praise for an attacking style of play. The club did not confirm who would replace Vieira or take charge of Sunday's Premier League trip to leaders Arsenal.

☆ 13 mouthwatering Irish recipes Americans are missing out on
▼ + stars: | 2023-03-17 | by ( Meredith Cash | Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Irish culture is known for its hearty cuisine, from stews to potato pancakes. Irish soda bread is one Irish food you can find in the United States around St Patrick's Day. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrom hearty stews to comforting potato dishes, these traditional Irish dishes are less likely to be found stateside. Irish food is enjoyed all over the word, and in 2021 food-and-drink exports from Ireland increased by 4% to a record €13.5 billion, or $14.7 billion, the Irish Food Board reported.

Persons: — Organizations: Patrick's, Service, Irish Food Board, Business Locations: United States, Ireland

☆ This chronically online writer believes he gamed Twitter's For You algorithm. Here's how he made his tweets go viral.
▼ + stars: | 2023-03-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +8 min

Ryan Broderick noticed engagement on his tweets sharply dropped in recent months. There were a few things Broderick noticed about tweets on the For You page. Broderick also saw that Twitter's algorithm was prioritizing "already-viral" content, which he suspects might be the reason why everyone was seeing the same tweets. This Insider reporter saw Broderick's tweets about Marvel and his theory about Twitter's algorithm on the For You tab before following or interviewing Broderick. Broderick encourages the idea of other people using his method to try to game Twitter's algorithm and further highlight the problem.

☆ Don't forget to take advantage of these 4 'free money' benefits, says financial expert
▼ + stars: | 2023-02-27 | by ( Elizabeth Gravier | Jason Stauffer | ) www.cnbc.com time to read: +10 min

Maximize your credit card rewards Credit card rewards programs let you earn cash-back (or other perks) on money you were going to spend anyway. For example, with a cash rewards credit card like the Wells Fargo Active Cash® Card, you can earn 2% cash rewards on all eligible purchases with no annual fee. Transfer your cash to a high-yield savings account In this rising-rate environment, now is the time to open a high-yield savings account and earn more interest than you would in a traditional savings account. You're essentially collecting "free" money by parking your cash in a savings account — especially one with an above-average APY. Bask Bank Interest Savings Account Learn More Bask Bank and BankDirect are divisions of Texas Capital Bank, Member FDIC.

The Newcrest acquisition by Newmont, if successful, could result in the enlarged company shedding some assets. Bristow stuck to the company's 'build, not buy' approach and ruled out the possibility that Barrick would launch a counter bid for Newcrest. Newmont's offer implied a 21% premium to Newcrest's share price. Barrick last month reported a 13.4% rise in gold production as access to high-grade ore at its Cortez and Carlin mines in Nevada powered a "strong finish" to the fourth quarter. Production for the year, however, was 4.1 million ounces of gold, down from 4.4 million ounces in 2021.

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