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Unless you find a high interest rate on a no-penalty CD, you'll likely prefer a savings account. No-penalty CDs vs. Savings AccountsIf you're deciding between a no-penalty CD and a savings account, there are two distinctions you'll want to pay close attention to: the interest rate and when you can deposit or withdraw money. Get Exclusive Savings with Raisin: Compare market leading no-penalty CD and savings accounts with a no-fee Raisin account. "You should only choose a no-penalty CD if the rate is significantly higher than a high-yield savings account," says Carlos. Savings accounts allow more accessibility to your money than a no-penalty CD since you can deposit money into a savings account at any time.

Persons: you'll, Alvin Carlos, Carlos, Jerel Butler, Butler Organizations: Federal Reserve, Federal, CFA, CFP, District Capital Management, Governors, Millenial

Best Banks in North Carolina FAQsWhat is the most popular bank in North Carolina? There are 35 state-chartered banks in North Carolina, according to the North Carolina Commissioner of Banks. North Carolina Bank ReviewsThe best North Carolina banks and credit unions will offer strong interest rates, good perks, and accessibility to North Carolina residents. Here are the best North Carolina banks as picked by Business Insider editors in 2024. We reviewed the 10 biggest banks and credit unions in the state and financial institutions included in our Black-owned banks and credit unions guide and Hispanic American-owned banks and credit unions guide.

Persons: Ally, North Carolina Ally, There's, you'll Organizations: First Citizens Bank, National Bank , Mechanics & Farmers Bank, State Employees Credit Union, Banks, Credit Unions, Bank, Employees Credit Union, Mechanics & Farmers Bank, FDIC, North Carolina Best, Ally Bank, Washington , D.C, First, Citizens, SC, Employees Credit, Mechanics & Farmers, & Farmers, Social, North Carolina . Bank of America, Truist, North, SECU, First National Bank, North Carolina . North Carolina Bank, Business, North Carolina Ally Bank, National Bank State Employees Credit Union Mechanics & Farmers Bank Chevron, Chevron, State Employees Credit, Best Bank, Bank offers, First Citizens, Local Credit Union State Employees Credit Union, North Carolina National Guard Social Services, Health, Mental Health, Civil Defense, North Carolina State, Best Local Bank Mechanics & Farmers Bank, Employees, Unions, Better, Bureau, National, Mechanics, Farmers, National Bank and Mechanics & Farmers, Justice Department, First National Bank for First National Bank, American Locations: North Carolina, Washington ,, , Maryland , Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, Washington, AZ, CA, MD, MI, NV, NM, NC, TN, TX, VA, WA, WV, WI, Charlotte, Durham, Greensboro, Raleigh, Winston, Salem, Chevron, North Carolina ., Carolina, East Coast, Charlotte , Durham, Salem ., Banks, SECU, American

☆ Silicon Valley Investors’ Plans for a New City Put on Hold
▼ + stars: | 2024-07-22 | by ( Conor Dougherty | More About Conor Dougherty | ) www.nytimes.com time to read: +1 min

Silicon Valley’s plans for a start-up city are on hold. The delay was announced as part of a joint agreement between California Forever, the company behind the development, and a member of the Solano County’s Board of Supervisors. The agreement means that a ballot initiative, which the company had hoped to put before Solano County’s voters this year, will not appear on the November ballot as planned. California Forever said it would instead spend the rest of this year and next preparing an environmental impact report and trying to craft a development agreement with the county. The project would still have to go before voters to win final approval.

Persons: San Francisco —, Solano County’s Organizations: East Solano Plan, Solano County’s, Supervisors, Solano Locations: San Francisco, California

Can a non-U.S. citizen get a mortgage loan? Challenges non-U.S. citizens may faceThough it's possible to get a mortgage as a non-U.S. citizen, that doesn't mean it will be easy. Buying a home as a non-U.S. citizen FAQsCan non-U.S. citizens get a mortgage loan? Yes, non-U.S. citizens can get a mortgage loan if they meet the lender's eligibility requirements and they provide necessary documentation. Eligibility for non-U.S. citizen mortgage loans is usually based on legal residency status, credit history, income verification, and down payment.

Persons: homebuyers, Nora Aguirre, she's, they've, Aguirre, — Organizations: Migration Policy Institute, Taxation, National Association of Hispanic Real Estate Professionals, USDA, ., Internal Revenue Service, Social, Chevron Locations: U.S, Nevada, Chevron

High-yield savings accounts are like traditional brick-and-mortar savings accounts, but they generally offer much higher rates. Featured Nationally Available Deposit RatesBest High-Yield Savings Accounts TodayThe best high-yield savings accounts will have a strong interest rate, good perks, and national accessibility. The Different Types of Savings AccountsThere are six types of savings accounts: traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts, and specialty savings accounts. Alternatives to High-Yield Savings AccountsHigh-Yield Savings Accounts vs. CDsThe best CD rates are comparable to the best high-yield savings account rates. High-Yield Savings Accounts vs. Money Market AccountsMoney market accounts are similar to high-yield savings accounts, but they typically make it easier to access your savings.

Persons: hasn't, EagleBank, Ronald D, Paul, Webster, Forbright, You'll, Ivy Bank hasn't, Raisin, BMO Harris, you'll, Synchrony, they're, you've, Roger Ma, Mykail James, that's, it's, Sophia Acevedo, Tania Brown, we've Organizations: FDIC, Business, DCU, Federal Credit Union, Savings, Digital Federal Credit Union, BBB, Flagstar Bank, Securities and Exchange Commission, Western Alliance Bank, Yield, BrioDirect, Webster Bank, Forbright Bank, Federal Deposit Insurance Corporation, Ivy Bank, Cambridge Savings Bank, Better, Western Alliance, Raisin, BMO, BMO Alto, BMO Financial Group, I Bank, Bank, Better Business, Securities and Exchange, SEC, Cash, Synchrony, Governors, Federal Reserve, United States, Credit Union, Newtek Bank, Federal Locations: Massachusetts, New Hampshire, Virginia , Maryland, Washington, California , Nevada, Vermont, Maryland, Virginia, United States, California, Minnesota, Chevron

☆ Judge Rejects Bid to Dismiss Trump Libel Suit Against Pulitzer Board
▼ + stars: | 2024-07-21 | by ( Rebecca Robbins | More About Rebecca Robbins | ) www.nytimes.com time to read: +1 min

A state judge in Florida has given former President Donald J. Trump a legal victory, refusing to toss a libel lawsuit filed by Mr. Trump over a statement made by the board of the Pulitzer Prizes on coverage of the 2016 Trump campaign’s connections to Russia. The ruling on Saturday by Robert Pegg, a senior judge on a circuit court in Florida, means that Mr. Trump’s case will proceed, opening the door to a discovery phase that may allow Mr. Trump’s lawyers to question Pulitzer officials, who issue the most prestigious prizes in journalism. After the prize was awarded, a special counsel, Robert S. Mueller III, investigating the Russian interference allegations, said he could find no evidence that Mr. Trump or his aides had coordinated with the interference effort. Mr. Trump and others who disputed the reporting had urged the Pulitzer Prize Board to revoke the award, but in its 2022 statement, the Pulitzer Prize board said two independent reviews had found nothing to discredit the articles. The reviews found that “no passages or headlines, contentions or assertions in any of the winning submissions were discredited by facts that emerged subsequent to the conferral of the prizes,” the board said in the statement.

Persons: Donald J, Trump, Robert Pegg, Trump’s, Robert S, Mueller III Organizations: Mr, Trump, The New York Times, Washington Post Locations: Florida, Russia

☆ Xander Schauffele wins Open Championship at Royal Troon for major win No. 2 of 2024
▼ + stars: | 2024-07-21 | by ( Brody Miller | ) www.nytimes.com time to read: +4 min

TROON, Scotland — Xander Schauffele was for so long the best golfer without a major. The ever-steady 30-year-old star never topped the Open leaderboard Thursday to Saturday, always quietly lurking in the top 10 before shooting a Sunday 65 to win the 152nd Open Championship for his second major title in three starts. For the first time since 1982, Americans — Schauffele (Open Championship, PGA Championship), Scottie Scheffler (Masters) and Bryson DeChambeau (U.S. Open) — have claimed all four major championships. Sunday began with Horschel, a 37-year-old seeking his first major championship, in the lead by one stroke, playing in the final group of a major’s final round for the first time. Now Schauffele enters the Olympics and the rest of the season no longer an admirable player who can’t win.

Persons: Xander Schauffele, Schauffele, Justin Rose, Billy Horschel, Schauffele’s, Thriston Lawrence bogeyed, — Schauffele, Scottie Scheffler, Bryson DeChambeau, —, Arnold Palmer, Lawrence, Dan Brown, Rose, standouts, Sam Burns, Russell Henley, Scheffler, Horschel, Brown, Burns, Shane Lowry, birdies, Jon Rahm, Viktor Hovland, Rory McIlroy, Kevin C, Cox Organizations: 152nd, Royal Troon, May’s PGA, Valhalla, Pinehurst, Sunday, Horschel Locations: TROON, Scotland, Scottish

☆ A fashion influencer is suing another creator, alleging she copied her 'aesthetic.' Lawyers say the case could have big ramifications.
▼ + stars: | 2024-07-20 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

The two Texas-based creators met up to talk about potentially producing content together given their similar fashion niches, according to a lawsuit filed by Gifford. Lawyers told BI that if Gifford wins any or all of the counts, the case could set a new precedent for the creator economy. It could drastically change how influencers create content online and protect their rights. She said this case could spark a fire in the creator community regardless of whether Gifford wins or loses. "The audience online is really smart though, and they'll figure it who the original creator is eventually," Puri said.

Persons: —, Sydney Nicole Gifford, Alyssa Sheil, she'd, Gifford, Sheil, She's, Kameron Buckner, there's, Buckner, I've, that's, Taylor Tieman, — Gifford —, Tieman, Tiffany Ferris, Haynes Boone, Ferris, Roe, Wade, Brown, I'm, Asmita, Puri Organizations: Service, Business, Meta, Copyright, Business Insider, of Education, Federal Trade Commission Locations: Texas, TikTok, Asmita Puri

☆ Activist Starboard took a stake in Match. Here are steps the investor may take to help lift shares
▼ + stars: | 2024-07-20 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On July 15, Starboard sent a letter to Match highlighting various opportunities to improve operations, financial results and capital allocation. Match's EBITDA margin of 36% may be high for an average company, but it's low for a company like Match. Starboard thinks that this is a highly valuable asset that may be well-suited to operate as a private company. Starboard is not the first activist to launch a public campaign at Match.

Persons: Russell, Bernard Kim's, Jeff Smith, Thomas McInerney, Smith, Elliott, Ken Squire Organizations: IAC, Altaba, Yahoo, Elliott Management, Anson, 13D

CNN —The US Secret Service is scrambling to increase security ahead of former President Donald Trump’s first campaign rally since the failed assassination attempt on his life last week, sources familiar with the planning told CNN. “We assist the Secret Service,” a spokesperson for the sheriff’s office told CNN, adding that the Secret Service was leading all security planning for the rally. The source said the lack of these exercises have resulted in security gaps, including communication breakdowns between law enforcement partners. “The Secret Service is responsible for the security planning for presidential visits, but we stand ready to assist them with whatever they need,” Banner wrote in an email. The Secret Service would not comment on security planning for the rally or Trump.

Persons: Donald Trump’s, Undersheriff Bryan Muir, ”, “, Sen, JD Vance, Banner Organizations: CNN, Trump, Service, Republican National Convention, Security, Trump’s Mar, Palm Beach Police Department, Secret, Republican, Michigan State Police Locations: Butler , Pennsylvania, Grand Rapids , Michigan, Kent County , Michigan, New Jersey, Newark, Trump’s, Lago, U.S, Mar, Grand Rapids

☆ A major shift at Starbucks has changed its personality
▼ + stars: | 2024-07-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Employees who brewed and served Starbucks coffee, whom Starbucks called baristas, handwrote customers’ names on their drink orders. But Starbucks’ business has transformed, and it has struggled to maintain its identity as that third place along the way. In some stores, customers complained online that Starbucks pulled out comfortable chairs and replaced them with hard wooden stools. Mobile ordering was another major step in Starbucks’ road to becoming primarily a take-away business. Starbucks also is opening 2,000 new stores, including traditional Starbucks locations, pick-up stores, delivery-only stores and drive thru-only locations.

Persons: Howard Schultz, ” Schultz, “, Stephen Brashear, Michelle Eisen, ”, ” Eisen, Laxman Narasimhan, — it’s, Schultz, Tim Boyle, Wall, Tom Cook, Casey, “ It’s, Cook, ” ‘, Michael Casey, Alex Wong, Joe Pine, Eisen Organizations: New, New York CNN, Starbucks ., Starbucks, Employees, Getty, Starbucks Workers, LinkedIn, Mobile, Horizons, Harvard Business Locations: New York, America, Buffalo , New York, United States, North America, U.S, Newsmakers, Buffalo

☆ Xiaomi launches first flip phone at just over $800, with a $70 portable printer
▼ + stars: | 2024-07-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Chinese smartphone company Xiaomi on Friday launched its first flip phone alongside an upgraded version of its foldable. BEIJING — Xiaomi on Friday launched its first flip phone with the ability to print pictures instantly using a separately sold portable printer. The Chinese company also released the latest version of its folding phone, the Mix Fold 4, at the same price as the prior version at 8,999 yuan. At the product launch, Xiaomi founder Lei Jun described how the Mix Fold 4 could handle simultaneous translation with one language on each side of the screen. Lei announced Friday that Xiaomi aimed in the next decade to have the fastest four-door electric car to drive the Nurburgring race track in Germany, with tests of a new SU7 race car version starting in October.

Persons: Preorders, Lei Jun, Lei, Xiaomi's, Xiaomi Organizations: Xiaomi, CNBC Locations: BEIJING, Beijing, Germany, Geely

☆ Ben Sasse Will Step Down as President of University of Florida
▼ + stars: | 2024-07-18 | by ( Anemona Hartocollis | ) www.nytimes.com time to read: +1 min

Ben Sasse, the president of the University of Florida and a former Republican senator from Nebraska, announced Thursday that he was resigning his position so he could dedicate more time and attention to his ailing wife. Dr. Sasse, 52, took office in early February 2023. “I’ve got two spectacular callings in life right now: First, I’m a husband and dad,” Dr. Sasse wrote. “Second, I’ve been blessed to serve as president of the best dang public university in America — Go Gators! — and I’ve loved the challenge of giving this university everything I’ve got.

Persons: Ben Sasse, Sasse, Mori Hosseini, Melissa, “ I’ve, I’m, ”, I’ve, America — Organizations: University of Florida, Republican Locations: Nebraska, America

☆ Angel City FC set to become world’s most valuable pro women’s sports team following new investment
▼ + stars: | 2024-07-18 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —Angel City FC (ACFC) will become the most valuable women’s professional sports team in the world, the club announced Wednesday. Angel City FC plays in the National Women’s Soccer League (NWSL) – the top division of women’s soccer in the US. “ACFC and these incredible athletes have already had a tremendous impact on the NWSL, women’s soccer, and the Los Angeles community. “With this investment of resources and capital, we hope to accelerate the growth of the Club and the NWSL. There are 56 NWSL players on Olympic rosters – including Angel City FC defender and New Zealand captain Ali Riley.

Persons: Bob Iger, ACFC, Bay, “ ACFC, Angel City, ”, Jessica Berman, ” Berman, Willow, Bob, –, Ali Riley Organizations: CNN, Angel City FC, USC Annenberg School for Communication, Journalism, Walt Disney Company, National Women’s Soccer League, Club, NWSL, of Governors, New Zealand Locations: Willow, Los Angeles, Willow Bay, Paris

☆ ‘The Buck Stops With Me’: Secret Service Director Soldiers On
▼ + stars: | 2024-07-17 | by ( Kate Kelly | ) www.nytimes.com time to read: 1 min

In the summer of 2022, Kimberly A. Cheatle, who handled global security at PepsiCo, delivered surprising news shortly before a board of directors meeting, according to a colleague at the time: President Biden had asked her to run the Secret Service. The opportunity to return to an agency she had served for a quarter century was one she could not resist, the colleague recalled Ms. Cheatle saying. Now, less than two years later, an assassination attempt on former President Donald J. Trump has thrown her tenure into uncertainty. Since a gunman’s bullet grazed Mr. Trump’s ear at a campaign rally on Saturday, Ms. Cheatle has been forced into an uncomfortable limelight. Critics have questioned how the agency could have missed a man with a gun on a rooftop less than 500 feet from the former president — especially when law enforcement was amassed just below.

Persons: Kimberly A, Biden, Ms, Cheatle, Donald J, Trump, Critics, — Organizations: PepsiCo, Service

☆ Willow Bay, Bob Iger to take controlling stake in NWSL's Angel City FC at a $250 million valuation
▼ + stars: | 2024-07-17 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world's most valuable women's professional sports team. On Wednesday, Angel City of the National Women's Soccer League announced the couple had agreed to an investment of an undisclosed amount that values the team at $250 million. The club said Bay and Iger will invest an additional $50 million in the club's future growth. Bay will serve on and have full control of the Angel City FC board, the team said. Last year, Angel City FC generated the highest revenue of any women's team in the world.

Persons: Bob Iger, Willow Organizations: Walt Disney Co, Allen & Company Sun Valley Conference, Angel City Football Club, National Women's Soccer League, Angel City FC, ACFC Locations: Sun Valley , Idaho, Willow, Angel City

☆ Donald Trump says he wouldn’t fire Fed Chair Jerome Powell. Don’t hold your breath
▼ + stars: | 2024-07-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington CNN —Republican presidential nominee Donald Trump would not fire Federal Reserve Chair Jerome Powell if the former president wins the election in November, according to a Bloomberg interview published Tuesday. Powell, a registered Republican, was first tapped to helm the central bank by Trump in 2017. That still wouldn’t stop Trump from pushing to oust Powell before the Fed head’s term concludes in 2026. “He sued for reinstatement and even though he died while the litigation was pending, the Supreme Court still took up his case. It answers to Congress, not the US president, according to the law that established the central bank.

Persons: Donald Trump, Jerome Powell, he’d, Powell, Trump, “, he’s, reappoint Powell, Powell isn’t, William Humphrey, Franklin Roosevelt, ” Organizations: Washington CNN, Republican, Bloomberg, Trump, Fed, Democratic, House, Federal Trade Commission, Brookings Institution, Fed’s, Governors

☆ An Airbus A380 flying to London turned back when the powerful scent of laundry detergent made people feel sick and dizzy
▼ + stars: | 2024-07-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

The flight from Washington, DC, to London Heathrow made an emergency landing in Boston. The scent was later found to have come from five pallets of laundry beads in the cargo hold. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA British Airways Airbus A380 had to turn around after an "overpowering scent" of laundry detergent filled the plane, making people feel sick and dizzy, the Transportation Safety Board of Canada said. Data from Flightradar24 shows the superjumbo jet was flying from Washington, DC, to London Heathrow on July 7 when it U-turned over Newfoundland before landing at Boston.

Persons: — Organizations: British Airways, London Heathrow, Service, British Airways Airbus, Transportation, Board, Canada, Business Locations: Washington, London, Boston, Newfoundland

☆ N.B.A. Board Backs TV Rights Deals, but Steps Remain
▼ + stars: | 2024-07-16 | by ( Tania Ganguli | Kevin Draper | ) www.nytimes.com time to read: +1 min

The companies are expected to pay the N.B.A. On average, ESPN would pay the N.B.A. The Board of Governors voted to approve the deals at its yearly meeting in Las Vegas. must now present the deals to Warner Bros. Discovery, and once that happens, the company will have five days to match one of them to remain in the mix.

Persons: Adam Silver, Silver, Charles Barkley Organizations: Basketball Association’s, Governors, Disney, Comcast, Amazon, TNT, Warner Bros, ESPN, NBC Locations: Las Vegas

☆ A trainer-heiress power couple created the fitness juggernaut Pvolve. Then came a divorce, an arrest, and Jennifer Aniston.
▼ + stars: | 2024-07-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +43 min

Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.

Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, —, Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu

☆ Why Goldman Sachs thinks the merger machine is revving up
▼ + stars: | 2024-07-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

"We are seeing a material increase in client demand for committed acquisition financing, which we expect to continue on the back of increasing M&A activity," he said. "We're seeing it in our dialogue with sponsors," Solomon said. On the strategic side, Goldman advised on the roughly $60 billion sale of the oil and gas company Pioneer to Exxon. Solomon said Goldman also expects to benefit from the uptick in demand through its lending capabilities. "When there are more M&A transactions, whether it was financial sponsors or big corporates, there is more financing attached to that," he said.

Persons: —, Goldman Sachs, David Solomon, Goldman, Solomon, Jamie Dimon, JPMorgan Chase, didn't, Dimon, Donald Trump, I'm, Permira Organizations: Service, Business, Investment, JPMorgan, Federal, Exxon Locations: Silicon Valley

☆ Macy’s rejected a takeover offer and is betting on itself
▼ + stars: | 2024-07-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Macy’s management ended talks with private investors attempting to take over the company and will pursue its own turnaround strategy to remake the chain. The investors planned to take Macy’s private and consider spinning off its real estate assets or separating its online operations from brick-and-mortar stores. But Macy’s rejected a previous offer to buy the company at $21 a share in January. In March, the investors upped its offer to $24 a share, and Macy’s agreed to enter into talks about the bid. Macy’s will instead stick with its own strategy, led by new CEO Tony Spring, which includes closing underperforming Macy’s stores and investing in its luxury Bloomingdale’s and Bluemercury chains.

Persons: Macy’s, Tony Spring, Neil Saunders, ”, –, CNN’s Chris Isidore Organizations: New, New York CNN, Arkhouse Management, Brigade Capital Management, Investor, Sears, Walmart, Target Locations: New York

☆ Vivek Ramaswamy told BuzzFeed to change. It hasn't. Now what?
▼ + stars: | 2024-07-15 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Read previewHere's an update from Vivek Ramaswamy's attempt to take over, or at least influence, BuzzFeed: Nothing's happening. There's a reason the non-news is worth noting today, though: It's July 15, the deadline Ramaswamy set for BuzzFeed to expand its board of directors by adding three new members he proposed. AdvertisementLast month, Ramaswamy and two of his proposed directors met with BuzzFeed CEO Jonah Peretti via conference call, which people on both sides of the table described as cordial. And if Ramaswamy has any plans to ratchet up pressure on BuzzFeed, he has yet to disclose them. That is: We're still wondering if Ramaswamy has spent millions on BuzzFeed because he wants attention, or wants to make money, or maybe both.

Persons: —, Vivek Ramaswamy's, Ramaswamy, There's, Jonah Peretti, there's, Chris Balfe, podcaster Patrick Bet, Clay Travis, Vivek, Tricia McLaughlin, Ramaswamy's, he's Organizations: Service, Republican, Business

☆ The Supreme Court is sending some mixed signals about executive power
▼ + stars: | 2024-07-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

Advertisement"So that is, in theory, taking power away from unelected officials," Justin Crowe, a professor of political science at Williams University who researches the Supreme Court, told Business Insider. With Corner Post, Entin said, the Supreme Court created a statute of limitations that, from the standpoint of federal agencies, never really expires. But the Court didn't stop at giving itself the reins to interpret regulations that federal agencies are beholden to. In the Trump case, the Supreme Court offered Trump broad immunity for some of his acts concerning his January 6 election interference case. In the July 6 episode of Slate's Supreme Court analysis podcast "Amicus with Dahlia Lithwick," Senior Court Reporter Mark Joseph Stern said the Court spent this term expanding its power and "restructuring representative democracy to make it less representative and less democratic."

Persons: —, Raimondo, Reagan, presidentially, Justin Crowe, wouldn't, Loper, Jonathan Entin, Entin, Ruth Bader Ginsburg, Ketanji Brown Jackson, Trump, Tanya Chutkan, Dahlia Lithwick, Mark Joseph Stern Organizations: Service, Loper Bright Enterprises, Inc, Governors, Federal Reserve System, Business, Chevron, Environmental Protection Agency, Congress, Williams University, EPA, Securities Exchange Commission, of Health, Human Service, Case Western Reserve University, Federal Reserve Board, Supreme, DC Circuit, Federal, Trump v ., Trump, DC Locations: Chevron, Trump v, Trump v . United States

☆ Buying into Charlie Scharf's 5-year turnaround plan for Wells Fargo just got a bit cheaper
▼ + stars: | 2024-07-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +11 min

In Friday's earnings commentary , the Club upgraded Wells Fargo back to our buy-equivalent 1 rating — viewing Friday's drop as an opportunity to add shares. Taken together, it shows just how far the CEO has gone to rehabilitate Wells Fargo. That same year, Wells Fargo admitted to improperly charging home lending customers for mortgage-rate-lock extensions as well. WFC YTD mountain Wells Fargo (WFC) year-to-date performance The Federal Reserve ordered Wells Fargo to freeze its balance sheet in 2018, keeping its assets below $1.95 trillion until senior management cleaned up its act. Wells Fargo parted with most of its senior management from its pre-2019 era and remade its board of directors.

Persons: Charlie Scharf, Wells, Scharf, That's, Jeff Marks, Wells Fargo, Ebrahim Poonawala, Charlie, " Scharf, we're, JPMorgan Chase, Morgan Stanley, There's, Wells Fargo's, Poonawala, he's, Doug Braunstein, Raymond James, David Long, Marks, He's, Jim Cramer's, Jim Cramer, Jim, Patrick T, Fallon Organizations: Wells Fargo, Club, Investors, KBW Nasdaq, Wells, CNBC, Federal Reserve, Currency, Bank of America, Consumer Financial Protection, JPMorgan, Wall, JPMorgan Chase, Fed, Milken Institute Global Conference, Afp, Getty Locations: Wells, Wells Fargo, U.S, delinquencies, Beverly Hills , California

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