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Senate Majority Leader Chuck Schumer on Monday pressed for Republicans to join Democrats in voting to advance the IVF bill. Democratic Sen. Ron Wyden of Oregon objected, and instead urged their colleagues to support Democrats’ bill during Tuesday’s vote. Another Senate GOP bill aimed at addressing concerns about IVF was introduced earlier this year. On Tuesday, Democratic Sen. Patty Murray blocked a uninamous consent request to pass Britt and Cruz’s IVF bill, ahead of the vote on the Democrats’ broader IVF package. “Our bill is the only bill that protects IVF access while safeguarding religious liberty,” Britt said.
Persons: Lisa Murkowski, Susan Collins, Donald Trump, Chuck Schumer, “ We’re, ” Schumer, , John Thune, , Democratic Sen, Tammy Duckworth, Patty Murray, Cory Booker of, GOP Sen, Rick Scott, Ron Wyden, Kat Cammack, Katie Britt, Ted Cruz’s, Britt, Murray, Cruz, ” Britt, we’ve, ” CNN’s Aaron Pellish Organizations: Washington CNN —, Republicans, Democrat, GOP Sens, Republican, Democratic, Illinois, Alabama’s, GOP, Oregon, Democrats, Health Savings Locations: Washington, Cory Booker of New Jersey, Florida
Boeing 737-790 aircraft belonging to Alaska Airlines is seen flying at Anchorage Ted Stevens International Airport in Anchorage, Alaska, United States on July 2, 2024. Alaska Airlines and Hawaiian Airlines can go through with their planned merger, but they must maintain the value of their airline reward systems and preserve several key routes, the U.S. Department of Transportation said Tuesday. The two carriers' $1.9 billion merger agreement cleared the U.S. Justice Department's review last month. That put it in the hands of the Transportation Department, which must also review airline mergers. The Department of Transportation noted that the airlines can begin the process of closing the merger, but still need approval for a transfer application, which allows them to combine and operate international routes under one certificate.
Persons: Anchorage Ted, Department's, Transportation Pete Buttigieg Organizations: Boeing, Alaska Airlines, Anchorage, International, Hawaiian Airlines, U.S . Department of Transportation, U.S ., Transportation Department, Transportation, Department Locations: Alaska, Anchorage , Alaska, United States, U.S
From property woes to sluggish economic data, China appears to be suffering from long Covid. Wall Street turns bullishBillionaire investors, including Appaloosa Management founder David Tepper and "Big Short" investor Michael Burry, recently revealed they are sticking to their China bets. The famed investor loaded up on Alibaba stock in the second quarter, revealing an $11.2 million position in the company. That makes Alibaba Burry's largest holding, with other Chinese tech stocks including Baidu and JD.com also featuring on Burry's portfolio. Meanwhile, BCA Research recently upgraded Chinese onshore stocks to overweight, with China strategist Jing Sima expecting Chinese onshore stocks to passively outperform global equities.
Persons: Jiang Sheng, It's, Ted Alexander, CNBC's, David Tepper, Michael Burry, Alibaba, Tepper, Burry, JD.com, Jing Sima, George Boubouras, Goldman Sachs, Song Zhiyong, Eric Lin Organizations: Visual China, Getty, Appaloosa Management, KE Holdings, Baidu, BCA Research, K2 Asset Management, CNBC, Bank of America, National Bureau of Statistics, China's Ministry of Transport, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, Paris Olympic Games, Greater, Greater China Research, UBS Locations: China, Beijing, Wall, Japan, South Korea, Singapore, Europe, Greater China
Read previewA US spy plane flew above the Taiwan Strait in international airspace, prompting a response from China. China's military reported that the American P-8A Poseidon maritime patrol aircraft's activity over the Taiwan Strait on Tuesday. Advertisement"The aircraft's transit of the Taiwan Strait demonstrates the United States' commitment to a free and open Indo-Pacific. China previously documented P-8A activity in the Taiwan Strait in April of this year, as well as December and October of last year. TED ALJIBE/AFP via Getty ImagesThe event comes on the heels of German Navy vessels transiting the Taiwan Strait last week for the first time in over 20 years.
Persons: Organizations: Service, Command, Business, US, 7th Fleet, United, Eastern Theater Command, Navy, TED, Getty, Foreign Ministry, US Navy, Royal Australian Air Force Locations: Taiwan Strait, China, Taiwan, United States, Philippines, AFP, Hawaii
The experience of shame is so intense and visceral that I can't always pinpoint exactly what is going on. "Sweetie, what you're going through is not your fault. It's taken me years to learn, but I know when I'm going through a hard time, I need to be compassionate with myself. Shame feeds off secrecy, and talking to others helps me release itBestselling author Brené Brown maintains what most of us intuitively know: shame is universal. I know I'm not the only person on the planet who experiences it, but when shame consumes me, I feel uniquely worthless.
Persons: , I'm, Barry, should've, Brené Brown, I've Organizations: Service, Business, TED Locations: Mexico, Guanajuato
Shogun and Hacks were among the big winners last night, along with The Bear, The Traitors, and others. Below, we've put together everything you need to know about where to watch Shogun, Hacks, and other Emmy winners. Hacks also impressed, racking up multiple wins, including Outstanding Comedy Series. Where to watch ShogunShogun, based on the 1975 James Clavell novel, is the first non-English-language series to win Outstanding Drama. Check price at Peacock TVWhere to watch The Daily ShowThe Daily Show won two Emmys this year, including Outstanding Talk Series.
Persons: we've, Shogun, Ted Lasso, James Clavell, Jean Smart, It's, Max, Alan Cumming, RuPaul, Peacock, Trevor Noah, Jon Stewart, John Oliver, ExpressVPN Organizations: Business, Creative Arts, Hulu, Max, NBC, Daily, Comedy Central, Paramount, CBS, NFL, Nickelodeon, BET, MTV, Showtime, HBO
Read previewIt's shaping up to be a bustling period for new hedge funds. Startup funds have allies in investment bank prime brokerage units, a crucial lifeline to hedge funds and a growing business on Wall Street. AdvertisementMorgan Stanley has long been home to one of the top prime brokerages, and serving hedge funds is key to the bank's equities ambitions. These are 3 of the top stumbling blocks for startup fund managers and how to handle them, according to Novick and Shaw. AdvertisementBut beyond that, continuing to engage with prospects is simply a sound business strategy.
Persons: , Jon Caplis, Morgan Stanley, Ted Pick, Penny Novick, Kim Shaw, Shaw, Morgan Stanley's, Novick, they're, allocators, Hone, haven't Organizations: Service, Business, Viking
Washington CNN —Speaker Mike Johnson is once again facing a major challenge as he navigates a government funding fight while under pressure from an extremely narrow majority in the House and former President Donald Trump. The course the speaker charts could also factor into whether he can hold onto his leadership post after the election. Trump has also waded into the funding fight, a dynamic that could further complicate the effort to avert a shutdown. But the plan is viewed as a non-starter in the Senate and faces opposition within the House GOP conference as well. “You’ve seen the chaos in the House because Speaker Johnson is trying to do this in a partisan way, guided by the far right.
Persons: Mike Johnson, Donald Trump, Trump, Republicans don’t, , Johnson, ” Johnson, “ We’re, Chuck Schumer, , ” Schumer, “ You’ve, He’s, Schumer, ” CNN’s Ted Barrett, Lauren Fox, Aaron Pellish Organizations: Washington CNN, Congress, GOP, Republicans, Louisiana Republican, SAVE, Trump, Democratic Locations: Louisiana, , New York
Chuck Hodes/FXThe nominees for the 76th Emmy Awards — television’s top honor — were announced earlier this summer, and “The Bear” ate it up. In the drama category, “Shōgun” had the most nominations this year with 25. The all-time record of 32 nominations, held by HBO’s “Game of Thrones” since 2016, remains unbroken. Here are some of the nominees to watch tonight:Outstanding drama series:“The Crown”“Fallout”“The Gilded Age ““The Morning Show”“Mr. and Mrs. Smith”Anna Sawai, “Shōgun”Imelda Staunton, “The Crown”Reese Witherspoon, “The Morning Show”See the full list of nominees here.
Persons: Jeremy Allen White, Carmen, Chuck Hodes, , Shōgun ”, HBO’s, Ted Lasso, , Smith, “ Abbott, Ripley, ” “, Jimmy Kimmel, Seth Meyers ”, Stephen Colbert, Matt Berry, Larry David, , Steve Martin, Martin, D’Pharaoh Woon, Jennifer Aniston, Carrie Coon, Maya Erskine, “ Mr, Anna Sawai, “ Shōgun ” Imelda Staunton, ” Reese Witherspoon Organizations: NBC, HBO Locations: Chicago
The Saints, one week after blowing out the lowly Carolina Panthers, did the same in Dallas to the high-flying Cowboys. The Ravens were in control for most of the game and then Davante Adams and Brock Bowers took over. The Ravens aren’t built to win when their defense softens — but that isn’t to say they won’t find ways to play the kind of defense the Ravens are known for. Meanwhile, the Saints’ defense denied the Cowboys on all three trips inside the red zone and recorded two takeaways. He made some strong in-structure throws, including a beauty to Noah Brown in the middle of the field late in the game to win the game.
Persons: Aaron Rodgers, It’s, Mike Jones, Ted Nguyen, Dan Pompei, Mike Macdonald’s, Gardner Minshew, Jones, Macdonald, Anthony Weaver, Dennard Wilson, Patrick Queen, Jadeveon, Zach Orr, Davante Adams, Brock Bowers, Justin Tucker, they’re, Clooney, MacDonald, Derrick Henry, he’s, Brandon Stephens, Adams, Mike, Baker Mayfield, Tom Brady, I’m, Last, Derek Carr, Klint Kubiak, Carr, Vita Vea’s, Mike Evans, Chris Godwin, Goff, they’ve, Nguyen, Brian Flores, Brock Purdy, Purdy, Christian McCaffrey, Brandon Aiyuk, Jordan Mason, McCaffrey, Mason, Deebo Samuel, George Kittle, Kyle Shanahan, Trent Williams, Purdy wasn’t, Sam Darnold, Caleb Williams ’, Jayden Daniels, Kliff Kingsbury, Daniels, Terry McLaurin, Noah Brown, Austin Seibert’s, it’s, Brandon Sloter Organizations: Raiders, Ravens, Bucs, Lions, Seahawks, Patriots, Jets, Carolina Panthers, Cowboys, Athletic NFL, Mike Macdonald’s Seahawks, Baltimore Ravens, Dolphins, Tennessee Titans, Buffalo Bills, Baltimore, Detroit, Tampa, Saints, NFC East, Eagles, Buccaneers, NFC, Dallas, 49ers, San, NFC West, Vikings, Giants, Daniels, Austin Locations: Baltimore, Detroit, Nashville, Dallas, Tampa, . New Orleans, New Orleans, Minnesota, San Francisco, Aiyuk, Washington
Whether your cable provider recently lost ABC or you're a cord-cutter looking for a way to live stream the network, we've got you covered. Where to watch the Emmys in the USThe 76th Emmy Awards will air on Sunday, September 15, at 8 p.m. You can live stream the network through a live TV package like Sling TV or Fubo. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for. Check price at SlingFubo is another great live TV package with over 180 channels in its lineup, including broad ABC coverage.
Persons: we've, Dan Levy, Ted Lasso, it's, we'll, ExpressVPN Organizations: Business, Hollywood, Eugene, HBO, ABC, Sling Blue, FX, Bravo, Hulu
AdvertisementBut Americans are not a monolith, as Jefferies consumer strategist Carey Kaufman pointed out in a note to clients Tuesday. Heading into the autumn, a considerable number of those in the bottom quintile appear to be running on borrowed time. Dollar Tree, which owns Family Dollar, reported similar consumer headwinds during its quarterly earnings this month. "What we noticed was an even tighter core consumer at the very last week of each of the months in Q2," he said. "While that's always a tighter week of the month for our core consumer, it was by far the weakest."
Persons: , Carey Kaufman, Ted Vasos, Vasos, David Bellinger, Ryan Grimsland, Will Stengel, Ally, Russell Hutchinson, paychecks aren't, that's, Bellinger Organizations: Service, Walmart, Costco, Business, Jefferies, Goldman, Global Retailing, Mizuho, Reuters, Federal Reserve Locations: U.S
SPRINGFIELD, Ohio — The Ohio town at the center of a culture war over debunked claims about Haitian migrants was forced to close its City Hall on Thursday after receiving a bomb threat, the city announced on its website and social media channels. The bomb threat "was issued to multiple facilities throughout Springfield,” the city said. The city’s mayor, Rob Rue, indicated Thursday that the threat included complaints about Haitian migrants in the city, according to the Springfield News-Sun. Springfield has recently been thrust into the national political culture war as conservative influencers and Republican politicians have repeated a debunked claim that immigrants from Haiti have been stealing and eating pets. “In Springfield, they’re eating the dogs, the people that came in, they’re eating the cats," he said.
Persons: , Rob Rue, ” Rue, , hasn’t, Ohio Sen, JD Vance, ” Sen, Ted Cruz, Trump, don’t, Kamala Harris, Donald Trump, David Muir, ” Trump, Viles Dorsainvil, ” Denise Williams, “ I’ve, I’ve, ” Williams, Alicia Victoria Lozano, Kevin Collier Organizations: Springfield Police Division, Springfield News, NBC, GOP, Republican, , ABC, Community, NBC News, NAACP Locations: SPRINGFIELD , Ohio, The Ohio, Springfield, Haiti, Ohio, Texas, New York
Defensive and dividend plays Alexander's strategy in playing the market right now is through defensive sectors and dividend players. As for dividend plays, Alexander is bullish on the utilities and telco sectors amid falling Treasury yields . Big pharma plays Alexander is also likes health-care and biotech players, especially big pharmaceutical companies producing products serving medical needs. Names he likes include AbbVie , AstraZeneca , Novartis and Johnson & Johnson . Johnson & Johnson, meanwhile, has been building out a "pipeline of drugs," Alexander added.
Persons: Ted Alexander, we've, we're, Alexander, it's, bullish, Durex, They've, Mead Johnson, Johnson Organizations: U.S, U.S . Federal, Sydney, Telecommunications, AT, Verizon, Frontier Communications, London Stock Exchange, Big pharma, AstraZeneca, Novartis, Johnson Locations: U.S ., South Dallas, U.S
CEO of Ford's highly profitable Pro business to retire
  + stars: | 2024-09-12 | by ( Michael Wayland | ) www.cnbc.com   time to read: +1 min
Ted Cannis, chief executive officer of Ford Pro, speaks during an interview in New York, on Thursday, July 28, 2022. DETROIT — The head of Ford Motor 's highly profitable "Pro" commercial and fleet business will retire at the end of this month, the company said Thursday. Ford Pro has been a profit-driver for the automaker. It has raked in about $18.7 billion in adjusted earnings and $184.5 billion in revenue since 2021, assisting in offsetting losses of its electric vehicles business. Such results led Wall Street to praise the business, as analysts have called it a "hidden gem" and Ford's "Ferrari ," referring to the highly profitable Italian sports car manufacturer.
Persons: Ted Cannis, DETROIT —, Andrew Frick, Ford, Jim Farley, Wall, Ferrari Organizations: Ford Pro, DETROIT, Ford Motor Locations: New York
Retail credit card interest rates reach record high
  + stars: | 2024-09-12 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +4 min
Here’s one way to think about these kinds of high-rate burdens:Say you sign up for a retailer’s card the day you make a $1,000 purchase. Or, consider that the interest you’ll pay in that same scenario will wipe out the $200 you “saved” after just nine months of making minimum required payments. The lowest rate on a retail card that the study found was 10%, on the Amazon Secured Card. “There are narrow circumstances in which retail cards can work for you. For a loyal shopper who pays in full and avoids interest, that’s a compelling value proposition,” he said.
Persons: Bankrate, Sam, Big, you’re, Ted Rossman, , you’ll, , Rossman, That’s Organizations: CNN, Academy, Nordstrom, Navy, Walgreens, QVC, Amazon, Military Star, Costco, Citi, IKEA Projekt, IKEA Visa Locations: Petco, Burlington, Banana, JCPenney, American
We started buying Home Depot shares last week as a play on housing and interest rates. Our Home Depot investment thesis is all about a pickup in housing turnover, the main driver of the home improvement retailer's sales. When rates went below 6.5% toward the end of last year, he explained, there was an immediate increase in housing activity, mortgage applications, and mortgage refinance applications. Mortgage rates with a 5% handle could be on the horizon, at least that's what Toll Brothers CEO Doug Yearley thinks. With these numbers, it's easy to see why Decker is optimistic that activity will normalize, and housing turnover and remodel activity will pick-up again.
Persons: Ted Decker, Doug Yearley, Yearley, Decker, Lowe's, Jim Cramer's, Jim Cramer, Jim Organizations: Home Depot, Dow, Depot, Toll, Home, Management, CNBC
From the front door of X, which is closing up shop in San Francisco on Friday, Market Street runs straight through downtown to the bay. Now, as X leaves its spot, Market Street is still suffering from all the same problems it had before Twitter. After handing over millions of dollars in tax breaks to one of the world's wealthiest corporations, San Francisco has nothing to show for it. AdvertisementI keep remembering a work trip I took to San Francisco in 1999, a few years before I moved here. "Our focus remains on working with and supporting the many businesses that call San Francisco home," the statement reads.
Persons: Daniel Burnham, Elon Musk, Twitter, Ted Egan, Bon Marché, Paula Smith Arrigoni, restaurateurs, Dolby, Twitter didn't, Egan, Uber decamped, Musk, San Francisco, Adam Rogers Organizations: Twitter, Central Market, Anadolu, Getty, AQ, Area, Coalition, Apple, New York Times, San, Sony, Microsoft, Ikea, London Breed, Business Locations: San Francisco, Austin, South Park, California, Brisbane, Texas, scuzzy, gentrify, Alta, Oro, Bon, Kaya, Bay, Oakland
Wall Street relationshipsOne of Vance's earliest interactions with Wall Street came shortly after the November 2016 presidential election, when he headlined a lunch in New York to discuss his newly published memoir. John Underwood, a longtime managing director at Goldman Sachs, encouraged his allies to support and raise money for Vance's Senate campaign, according to people familiar with the matter. He told them the Trump campaign would need "hundreds of millions of dollars" to compete with Vice President Kamala Harris' fundraising surge. The Ohio Republican's opposition to Wall Street was on full display during the Republican National Convention in Milwaukee in July. "Wall Street barons crashed the economy and American builders went out of business," Vance said in his nomination acceptance speech.
Persons: Vance, Marco Bello, Sen, JD Vance, Donald Trump's, Scott Bessent, Morgan Stanley's Jonathan Burkan, Cantor Fitzgerald, Howard Lutnick, Norm Champ, Keith Rabois, Jacob Helberg, J.D, Champ, Sander Gerber, Gerber, Goldman Sachs, Ohio Republican Sen, Rob Portman, John Underwood, Underwood, Steve Case, Trump, Omeed Malik, Emil Henry, Henry, Bush, Ted Virtue, Woody Johnson, Clifford Sobel, Richard Kurtz, Kamala Harris, Harris, Malik, John Paulson, Reuben Jeffery III Organizations: Republican U.S, Reuters, Ohio, Trump, Vance, Securities and Exchange Commission, CNBC, Hudson, Hudson Bay Capital, Netflix, Allen & Company, Ohio Republican, Senate, AOL, Tiger Infrastructure Partners, New York Jets, Hamptons, Valor Capital, Rockefeller & Co, Wall, Republican National Convention Locations: Kenosha, Kenosha , Wisconsin, U.S, New York City, Hudson Bay, New York, Ohio, Sun Valley , Idaho, Washington, Milwaukee
In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNTWorkers stock shelves at an Amazon Fresh grocery store in Seattle, Washington, US, on Thursday, May 2, 2024. As part of the Fresh store redesign, Amazon created a more colorful layout and added Krispy Kreme donut and coffee stalls. "We like the early results a lot," Jassy said on the company's first-quarter earnings call in April, referring to the revamped Fresh stores. Amazon declined to comment on the status of the Fresh stores that remain unopened. "You walk into the Amazon Fresh store in Roseville and it feels like you're in a stainless steel wine cellar," Thill said.
Persons: David Ryder, Joe Knowles, Bensalem, it's, Andy Jassy's, Jassy, CNBC it's, It's, Ted Weill, AlbaneseCormier, Weill, they've, Brent Thill, Thill Organizations: Amazon, Bloomberg, Getty, CNBC, Foods, Walmart, Jefferies, Anadolu, Mart, Shoppers, Aldi, Rancho Mirage Locations: Seattle , Washington, US, Philadelphia, Bensalem , Pennsylvania, California , Illinois, Maryland , New Jersey, Virginia, Illinois, California, Amazon's, U.S, Woodland, Los Angeles, San Mateo , California, United States, Pennsylvania , New Jersey , New York , Florida, Washington, Florida, Mirage , California, Palm Springs, Italian, Sacramento, Roseville, Amazon
Republican vice presidential nominee Sen. JD Vance of Ohio speaks to reporters in San Diego in front of the wall on the border with Mexico, Sept. 6, 2024. A Biden administration official on Tuesday said it was "dangerous" for Republican vice presidential nominee Sen. JD Vance of Ohio to promote a false conspiracy theory that Haitian immigrants were stealing and eating other people's pets. Vance in a social media post on X on Monday shared a video of him speaking during a Senate committee hearing about a surge in Haitian immigrants living in Springfield, Ohio. "Months ago, I raised the issue of Haitian illegal immigrants draining social services and generally causing chaos all over Springfield, Ohio," Vance wrote in that tweet. His tweet came a day before Republican presidential nominee former President Donald Trump was due to debate Harris in Philadelphia.
Persons: Sen, JD Vance, Biden, Vance, you've, that's, let's, John Kirby, Kirby, Kamala Harris, Harris, Donald Trump, Donald Trump Jr, Ted Cruz, Ted Cruz of Texas —, Springfield who've Organizations: Republican, Republican Party, Security, Democratic, . Springfield Police, Springfield Police, NBC News, Trump Locations: Ohio, San Diego, Mexico, Springfield , Ohio, United States, Philadelphia, Ted Cruz of Texas, Springfield, North Carolina, Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden-Harris policies revived the economy crushed by Covid: Culinary Union's Ted PappageorgeTed Pappageorge, Nevada Culinary Union Secretary-Treasurer, joins 'The Exchange' to discuss which presidential candidates are favored by Nevada's hospitality industry, their expectations from the new administration, and more.
Persons: Harris, Ted Pappageorge Ted Pappageorge Organizations: Biden, Nevada Culinary Union Locations: Nevada
Police in Springfield, Ohio, said Monday they had received no credible reports of immigrants harming pets, contradicting a claim by Republican vice presidential nominee Sen. JD Vance. They added that they had no information to support similar assertions about immigrants squatting or disrupting traffic. There is a long history of conservative politicians and pundits denigrating Haitian immigrants in particular, including with baseless allegations of cannibalism, according to historians who have studied the former French colony. “Please vote for Trump so Haitian immigrants don’t eat us,” Cruz wrote on X, as a caption on a photo of cats. “Haitian immigrants are here legally, under the Immigration Parole Program,” the website says, referring to a federal humanitarian program for migrants.
Persons: Sen, JD Vance, Vance, Viles Dorsainvil, “ It’s, , ” Dorsainvil, Charlie Kirk, Jack Posobiec, Elon Musk, Ted Cruz, Jim Jordan, , Trump, don’t, ” Cruz, Kamala Harris, , Joe Biden, Harris, that’s, Kirk, Posobiec, Cruz, Jordan, they’ve Organizations: Republican, The Springfield Police, NBC News, denigrating, Facebook, Conservative, X, , The New York Times Locations: Springfield , Ohio, Ohio, Haiti, Springfield, Springfield ”, Haitian, Texas, U.S
It was a stunning denouement for the self-proclaimed appointed son of God, a Filipino evangelist preacher who had millions of followers and influence at the highest levels of government but was wanted by Philippine authorities and the FBI on charges of human trafficking and sexual abuse. That changed in March, when a Philippine court ordered the arrest of Quiboloy and several other people on suspicion of child and sexual abuse and human trafficking. After he surrendered, officials said, Quiboloy was flown by military transport to Manila, the capital, and placed in police detention. After he won the presidency in 2022, Marcos set about dismantling Duterte’s power alliances, including the one with Quiboloy. Marcos said that he did not understand Duterte’s apology but that it was “her prerogative” to make it, local media reported.
Persons: God, Apollo Quiboloy, Rodrigo Duterte, Duterte’s, Ferdinand Marcos Jr, Marcos, Quiboloy, ” Marcos, of Jesus Christ, , , Jean Fajardo, ” Sen, Risa Hontiveros, Benhur Abalos, Duterte, Ted Aljibe, colluding, Sara Duterte, Christ Organizations: Philippine, FBI, Philippine Department of Justice, U.S . Treasury Department, Police, Philippine Senate, Getty, U.S Locations: Philippine, Davao, U.S, of Jesus, Philippines, Torreon, Davao City, of, Manila, AFP, Hawaii
Assets in money market funds hit $6.3 trillion the week that ended Wednesday, another record high, according to the Investment Company Institute . The annualized 7-day yield on the Crane 100 list of the 100 largest taxable money funds is currently 5.08%. History shows that when investors do move out of money market funds, they move into fixed income over equities, he said. Institutional investors will also continue to move into money market funds as the Fed cuts rates because any cash they have in direct money market investments, such as Treasury bills, will be hit by rate cuts quicker than money market funds, explained Peter Crane, founder of Crane Data, a firm that tracks the industry. Once you have the appropriate cash needs set aside, consider moving any excess funds into fixed income, Jenkin said.
Persons: Mark Cabana, Peter Crane, Crane, Ted Jenkin, Jenkin, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Falconio Organizations: Investment Company Institute, Bank of America, Federal Reserve, Institutional, Crane, CNBC, American Express, Bread Financial, UBS, U.S . Locations: UBS Americas
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