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☆ Merch Fit for a King
▼ + stars: | 2023-04-22 | by ( Chris Mandle | ) www.nytimes.com time to read: 1 min

LONDON — When Dr. Imran Haq was a medical student in 2014, he had a chance encounter with King Charles III at an event. “I was struck by how normal he was,” said Dr. Haq, a surgeon for Britain’s National Health Service in Sheffield, England. About a decade later, the monarch became Dr. Haq’s muse. After the death of Queen Elizabeth II last year, Dr. Haq said his fondness for the British royal family inspired him to take up a hobby: designing cereal boxes as merchandise to commemorate Charles’s coronation on May 6. The boxes of his “Coronation Flakes” feature a cartoon rendering of the king on the front, along with the tagline: “They taste royally good.” On the back, there are puzzles and a cutout mask of Charles’s face.

☆ Western Alliance is de-risking on the credit side to help earnings, says Janney's Chris Marinac
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWestern Alliance is de-risking on the credit side to help earnings, says Janney's Chris MarinacChristopher Marinac, Janney Montgomery Scott director of research, joins 'The Exchange' to discuss Western Alliance deposit numbers stabilizing, recovery in the bank sector, and the health of regional banking.

If Scott runs, his campaign will be an experiment that optimism still sells among Republican voters, they said. The question is which side - or bubble - within the Republican Party is holding the most votes." Maidment jokingly knocked the senator for ordering grits, a dish more common in Scott's South Carolina than in northern New England. "The people that are most stressed out about it are the donors," said Chip Felkel, a South Carolina Republican operative. Chris Ager, the chair of the New Hampshire Republican Party and an attendee at the Scott event, said the state's Republicans "welcome him to the debate."

☆ MLB roundup: Solo HR sends Rays to 10-0
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +11 min

Muncy also singled, all after Mookie Betts had led off the game with his second homer of the season for the Dodgers, who snapped a three-game losing streak. Reds starter Graham Ashcraft allowed two runs on six hits in six innings with seven strikeouts and three walks. Ryan Mountcastle drilled a two-run homer in the first inning and Austin Hays added a solo shot in the sixth. Alvarez drove in two runs to boost his major-league-leading RBI total to 16, plating a pair in the second inning with a single. Jake Cave hit a solo homer and double while Nick Castellanos added three hits and three RBIs.

☆ Bitcoin is poised to blow up Africa's $86 billion banking system
▼ + stars: | 2023-03-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Then there's mobile money, which has been around since the early 2000s. Africa's mobile money transactions rose 39% to more than $700 billion in 2021, according to data from the GSM Association, a non-profit representing mobile network operators worldwide. That cash network was extraordinarily difficult and expensive to build, which is why there aren't a lot of direct competitors. Bitnob is SMS-based and piggybacks on the mobile money system, making it easier for people to send money directly into bank accounts and mobile money wallets in African countries. "We're able to settle into bank accounts or mobile money accounts, without the recipients having to interact with bitcoin themselves," Parah tells CNBC.

☆ How this 26-year-old went from running bitcoin trading desks in Taco Bells to creating the largest crypto exchange in Africa
▼ + stars: | 2023-03-25 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +28 min

Yellow Card CEO Chris Maurice just before meeting with the Securities and Exchange Commission in Accra, Ghana. Chris MauriceFrom there, Yellow Card users can send or receive digital cash in eligible markets. Zoom In Icon Arrows pointing outwards Yellow Card CEO Chris Maurice in Accra, Ghana loading cash onto his Mobile Money account, MoMo. Yellow Card has facilitated $1.75 billion in transactions since launching in 2019 and has about 220 employees – mostly in Africa. A resident checks his phone outside a mobile money kiosk in the Kibera district of Nairobi, Kenya, on Monday, Aug. 1, 2022.

☆ Fusion is one of the only energy sources capable of massive decarbonization, Tokamak Energy chief says
▼ + stars: | 2023-03-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFusion is one of the only energy sources capable of massive decarbonization, Tokamak Energy chief saysChris Martin, chairman of Tokamak Energy, says that fusion power is one of the only large energy resources that is capable of massive decarbonization.

☆ UBS to take over Credit Suisse, central banks act on liquidity
▼ + stars: | 2023-03-19 | by ( Reuters Staff | ) www.reuters.com time to read: +13 min

LONDON/NEW YORK (Reuters) -UBS sealed a deal to buy rival Swiss bank Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday. FILE PHOTO: The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. The reports that UBS is acquiring Credit Suisse will likely magnify Credit Suisse’s problems by moving them to UBS... The Credit Suisse issues are not new and needed to be resolved years ago. A legal challenge by Credit Suisse shareholders, who will claim that their property has been illegally confiscated, is guaranteed.

☆ Top analyst reacts to big banks planning to aid First Republic
▼ + stars: | 2023-03-16 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop analyst reacts to big banks planning to aid First RepublicChris Marinac, Janney Montgomery Scott, on First Republic Bank getting a lifeline from big banks. With CNBC's Melissa Lee and the Fast Money traders, Carter Worth, Karen Finerman, Guy Adami and Tim Seymour.

☆ Regional bank OceanFirst Financial feeling 'virtually no stress at all,' says CEO Chris Maher
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegional bank OceanFirst Financial feeling 'virtually no stress at all,' says CEO Chris MaherChris Maher, OceanFirst Financial chairman and CEO, joins CNBC's "Squawk on the Street" to discuss the collapse of Silicon Valley Bank and how it's affecting regional banks like OceanFirst.

☆ What are dual-class shares and why do they matter for investors like us?
▼ + stars: | 2023-03-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Alphabet (GOOGL), Meta Platforms (META), Ford Motor (F) and Estee Lauder (EL) are the four Club holdings that maintain a dual-class structure. Dual-class stock structures generally designate shares as part of Class A or Class B, with one carrying more weight than the other. Google Co-founders Sergey Brin and Larry Page took their nascent firm, now Alphabet, public in 2004 with a dual-class stock structure. Advantages A dual-class structure allows founders, C-suite executives or key investors to maintain control and execute their long-term vision for the business. Bottom line Dual-class shares are not ideal, but they're not a deal breaker either.

☆ Nvidia CEO Jensen Huang's bet big on A.I. is paying off as his core technology powers ChatGPT
▼ + stars: | 2023-03-07 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

As the engine behind large language models (LLMs) like ChatGPT, Nvidia is finally reaping rewards for its early investment in AI. Nvidia counts on China for about one-quarter of its revenue, including sales of its popular AI chip, the A100. Nvidia Founder and CEO Jensen Huang shows CNBC's Katie Tarasov a Hopper H100 SXM module in Santa Clara, CA, on February 9, 2023. Nvidia founders Curtis Priem, Jensen Huang and Chris Malachowsky pose at the company's Santa Clara, California, headquarters in 2020. "We invented this new way of doing computer graphics, ray tracing, basically simulating the pathways of light and simulate everything with generative AI.

☆ Baseball Says It Is Just Fine—as It Prepares to Introduce Tradition-Rattling Rule Changes
▼ + stars: | 2023-02-16 | by ( Lindsey Adler | ) www.wsj.com time to read: 1 min

DUNEDIN, Fla.—Major League Baseball opened a demonstration of its new tradition-busting rules, meant to speed the game up and broaden its appeal, with a 20-minute presentation about why baseball is beloved just the way it is. “We believe baseball is more accessible than any other sport, allows more fans to have a personal experience with the game, and that leads to stronger lifetime connections to the sport,” chief operations and strategy officer Chris Marinak said during a presentation in the Toronto Blue Jays spring training clubhouse.

☆ The US economy needs immigrants. A rising share of both Democrats and Republicans don't want them.
▼ + stars: | 2023-02-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

But a growing share of both Democrats and Republicans wants less immigration. This sentiment could be in response to the rise of migrants at the southern border in recent years. But a rising share of both Democrats and Republicans want the country to reduce immigration. After plummeting during 2020 due to the pandemic, the US Border Patrol reported a record-high nearly 1.7 million encounters with migrants at the US-Mexico border in 2021. Last year, a new record was set with over 2 million encounters.

☆ How the Supreme Court could soon change free speech on the internet
▼ + stars: | 2023-01-30 | by ( Lauren Feiner | ) www.cnbc.com time to read: +19 min

Musk's actions since closing the deal last year have illuminated how he sees the balance internet platforms must strike in protecting free expression versus user safety. The Supreme Court has yet to decide if or when to hear the cases, though many expect it will take them up at some point. The Age-Appropriate Design Code requires internet platforms that are likely to be accessed by kids to mitigate risks to those users. Google said such a change would also make the internet less safe and less hospitable to free expression. The Supreme Court of the United States building are seen in Washington D.C., United States on December 28, 2022.

☆ 'Trump fatigue' in New Hampshire complicates 2024 White House bid
▼ + stars: | 2023-01-27 | by ( Tim Reid | ) www.reuters.com time to read: +9 min

"Donald Trump right now is a distraction for the Republican Party in trying to go forward. Yet the willingness of Republican party members to criticize Trump in conversations with Reuters is striking. She worked on his New Hampshire primary campaign, knocked on doors for him, urged anybody she met to vote for him. Despite signs of weariness with Trump, he will still be a formidable candidate in the New Hampshire primary, some party strategists said. His influence is still fairly significant," said Jim Merrill, a veteran New Hampshire Republican strategist.

☆ Bankrupt crypto lender Genesis optimistic it can resolve creditor disputes
▼ + stars: | 2023-01-23 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Sean O'Neal, the lawyer, spoke at a hearing in Manhattan bankruptcy court to consider "first-day" motions for Genesis Global Capital, the crypto lending business owned by Barry Silbert's venture capital firm Digital Currency Group. The filing followed the bankruptcies since last July of crypto lenders BlockFi, Celsius Network and Voyager Digital. Brian Rosen, a lawyer for creditors holding $1.5 billion of claims, said "we are getting closer" to an accord. On Jan. 12, the U.S. Securities and Exchange Commission charged Genesis and Gemini with illegally selling unregistered securities through their Gemini Earn lending product. Cameron Winklevoss has also called for Silbert's removal as DCG chief, and threatened litigation against DCG if Genesis' bankruptcy did not result in " a fair offer to creditors."

☆ Supreme Court punts on Texas and Florida social media cases that could upend platform moderation
▼ + stars: | 2023-01-23 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

The Supreme Court of the United States building are seen in Washington D.C., United States on December 28, 2022. The Supreme Court delayed a decision on whether to take up a pair of cases challenging social media laws in Texas and Florida that could upend the way platforms decide which posts they remove and which ones they promote. Republican leaders in Texas and Florida have promoted the legislation as a way to counteract what they call unjust censorship of conservative viewpoints on social media. The Supreme Court had ruled in favor of the temporary block on the Texas law, without ruling on the merits of the case. "It is crucial that the Supreme Court ultimately resolve this matter," Schruers said.

☆ 'Sober bars' selling fancy mocktails are booming — showing Dry January is more than just a trend as Americans increasingly adopt alcohol-free lifestyles
▼ + stars: | 2023-01-21 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +5 min

Sober bars are opening across the US, charging the same price for drinks as their boozy counterparts. But at sober bars across the country, alcohol-free cocktails are year-round staples and Dry January is more than just a trend. Getty ImagesEach sober bar puts its own spin on the idea of an alcohol-free cocktail, business owners told Insider. Marshall was a pioneer of the sober bar business, opening Sans Bar in 2017. Owners of sober bars told Insider they only see further growth in the industry, as trends like Dry January and sober-curious lifestyles take a stronger hold.

Rep. Suzanne Bonamici, D-Ore., was briefly hospitalized Friday night after she and her husband were hit by a car in Portland, according to her spokesperson. Natalie Crofts, Bonamici's communications director, said in a statement shared to Twitter that the incident occurred as the lawmaker and her husband, Michael Simon, were walking across a street after leaving an event. A woman turned into Bonamici and her husband "at low speed and knocked them down," according to Portland police. Bonamici was treated at a hospital for a concussion and laceration to her head while Simon was treated for minor injuries, Crofts said. The lawmaker is a leader on the Education and Labor Committee and chair of the Subcommittee on Civil Rights and Human services.

☆ Alex Jones files for bankruptcy protection, lists Sandy Hook families as creditors
▼ + stars: | 2022-12-02 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Alex Jones arrives at the court house as he faces a second defamation trial over Sandy Hook claims in Waterbury, Connecticut, September 22, 2022. Jones filed a voluntary petition under Chapter 11 in U.S. Bankruptcy Court for the Southern District of Texas, court records show. An attorney for the Sandy Hook families told CNBC in an email, "Like every other cowardly move Alex Jones has made, this bankruptcy will not work." A Connecticut jury in October ordered Jones to pay nearly $1 billion in damages to Sandy Hook relatives. Relatives of Sandy Hook victims have said the harassment they received on the heels of the shooting by people who believed the massacre was a hoax has continued until this year.

[1/2] U.S. House of Representatives Minority Leader Kevin McCarthy (R-CA) arrives as House Republicans gather for leadership elections at the U.S. Capitol in Washington, U.S., November 15, 2022. REUTERS/Leah Millis/File PhotoWASHINGTON, Nov 22 (Reuters) - The top Republican in the U.S. House of Representatives, Kevin McCarthy, on Tuesday called on Homeland Security Secretary Alejandro Mayorkas to step down, warning that the House may try to impeach him when Republicans take the majority next year. "Our country may never recover from Secretary Mayorkas' dereliction of duty," McCarthy told reporters in El Paso, Texas, on Tuesday after speaking with border officials. "If Secretary Mayorkas does not resign, House Republicans will investigate every order, every action and every failure (to) determine whether we can begin (an) impeachment inquiry," he said. He became the first Latino and foreign-born Homeland Security chief when he was confirmed to the role in February 2021.

☆ Republicans grill Biden homeland chief in possible preview of next Congress
▼ + stars: | 2022-11-15 | by ( Ted Hesson | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 15 (Reuters) - Republicans at a congressional hearing on Tuesday chastised U.S. While Tuesday's hearing before the House Homeland Security Committee was titled "Worldwide Threats to the Homeland," Republicans focused intensely on the southwestern border. [1/6] A general view of a House Homeland Security Committee hearing on "Worldwide Threats to the Homeland" on Capitol Hill in Washington, U.S., November 15, 2022. Higgins said there were rumors that Mayorkas would resign before the start of the new Congress on Jan. 3. Reporting by Ted Hesson in Washington; Editing by Howard Goller, Kristina Cooke and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ Top U.S. homeland official faces lawmakers after border chief resigns
▼ + stars: | 2022-11-14 | by ( Ted Hesson | ) www.reuters.com time to read: +2 min

Homeland Security Secretary Alejandro Mayorkas will testify before lawmakers on Tuesday, three days after the country's top border official, Chris Magnus, resigned under what he said was pressure from Mayorkas. Magnus, who held the role of U.S. Customs and Border Protection commissioner since December 2021, resigned in a letter on Saturday to President Joe Biden. A day earlier, Magnus said he had been pressured by Mayorkas to step down or be fired. It was the most significant staffing shakeup in Biden's Democratic administration to follow last week's U.S. midterm election vote and signals that record border crossings remain a concern under Biden, a Democrat. FBI Director Christopher Wray and National Counterterrorism Center Director Christine Abizaid will also testify in the U.S. House Homeland Security Committee hearing, which focuses on security threats.

☆ Chris Magnus Resigns as Customs and Border Protection Commissioner
▼ + stars: | 2022-11-13 | by ( Michelle Hackman | ) www.wsj.com time to read: 1 min

Customs and Border Protection Commission Chris Magnus is stepping down amid a rift with other Biden administration officials. WASHINGTON—The Biden administration’s top border official, Customs and Border Protection Commissioner Chris Magnus , has resigned after days of internal pressure, White House press secretary Karine Jean-Pierre said. “The President thanks Mr. Magnus for his service at CBP and wishes him well,” she said in a statement.

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