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☆ Premarket stocks: State of the Union, recession, crypto woes and more tech layoffs: What investors are watching
▼ + stars: | 2023-02-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

Wall Street will also be watching closely for clues about the ongoing debt ceiling debate, tax policy, foreign relations and more. The unemployment rate ticked down a tenth of a percentage point to 3.4% — the lowest jobless rate since May 1969. European diesel prices fall as Russian ban kicks inEurope’s ban on Russian diesel arrived this week without inflicting more pain on the region’s economy. Russia accounted for 29% of the region’s total diesel imports last year, data from Rystad Energy shows. Countries have prepared for the latest ban by ramping up imports of Moscow’s diesel in recent months.

☆ It's time to chill with al the recession talk
▼ + stars: | 2023-02-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

New York CNN —In 2021, a bunch of economists and policy makers underestimated the inflation that was taking root around the world. In 2022, as inflation hit 40-year-highs and the Fed ramped up interest rates, many of those commentators went full-on gloomy — predicting a recession was all but inevitable. And that makes it hard, if not impossible, to imagine a recession anytime soon. “Any concern the economy is in recession or close to a recession should be completely dashed by these numbers,” Moody’s Analytics chief economist Mark Zandi told CNN on Friday. “The economy is further away from recession than ever,” wrote Christopher Rupkey, chief economist at Fwdbonds.

☆ Yellen: 'You don't have a recession' when U.S. unemployment at 53-year low
▼ + stars: | 2023-02-06 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

"You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years," Yellen told ABC's Good Morning America program. "What I see is a path in which inflation is declining significantly and the economy is remaining strong." Yellen told ABC that reducing inflation remained Biden's top priority, but the U.S. economy was proving "strong and resilient." Yellen called on Congress to raise the U.S. debt limit, warning that failure to do so would produce "an economic and financial catastrophe." Reporting by Andrea Shalal and Katharine Jackson; Editing by Toby Chopra and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Janet Yellen: Strong job growth shows recession probability is low
▼ + stars: | 2023-02-06 | by ( Betsy Klein | ) edition.cnn.com time to read: +2 min

Washington CNN —Treasury Secretary Janet Yellen said Monday that the probability of a US recession this year is low as she touted job growth and low unemployment on the eve of President Joe Biden’s State of the Union address. “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in 50 years,” Yellen said during an appearance on ABC’s “Good Morning America. Friday’s jobs report showed that the US economy added an whopping 517,000 jobs in January, according to the Bureau of Labor Statistics. The unemployment rate ticked down a tenth of a percentage point to 3.4% — the lowest jobless rate since May 1969. “What I see is a path in which inflation is declining significantly, and the economy is remaining strong,” Yellen said on GMA.

☆ 'GMA3's T.J. Holmes and Amy Robach no longer with ABC News following their romance scandal
▼ + stars: | 2023-01-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +2 min

“GMA3” co-anchors T.J. Holmes and Amy Robach are no longer with ABC News, a spokesperson for the network said Friday, after news of their affair surfaced in December. "After several productive conversations with Amy Robach and T.J. Holmes about different options, we all agreed it’s best for everyone that they move on from ABC News," an ABC News spokesperson said in a statement. Gio Benitez and Stephanie Ramos filled in for Holmes and Robach for the week while the company made a decision. On Dec. 2, while hosting "GMA3" with Robach, Holmes poked fun about the “great week” the pair had. “I am very excited about the weekend.”Both Holmes and Robach deactivated their Instagram accounts since their relationship made news.

☆ Exclusive video captures the moment man disarms Monterey Park shooter at second dance hall
▼ + stars: | 2023-01-23 | by ( Julianne Mcshane | Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

Brandon Tsay, 26, has been hailed as a hero for disarming the Monterey Park shooter at a dance hall in Alhambra, California. Harrowing video obtained exclusively by NBC News captured the men tussling in what appears to be an empty lobby in the dance hall. A shoving match ensues, and Tsay manages to take the gun away from the man. “We struggled into the lobby, trying to get this gun away from each other,” Tsay told ABC News. The motive in the dance hall attack remains unknown, Luna told reporters Sunday night.

☆ Man who says he disarmed Monterey Park shooter at second dance hall: 'He was looking ... for people to harm'
▼ + stars: | 2023-01-23 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +4 min

The man who has been hailed as a hero for disarming the Monterey Park shooter at a second dance hall in the nearby city of Alhambra said that the gunman appeared intent on shooting more people there, just minutes after he had already killed 10 people and injured at least 10 more at the first dance hall. Tsay told the Times he had never seen a gun before but could tell this one was particularly deadly. "We struggled into the lobby, trying to get this gun away from each other," Tsay told the network. I was trying to use my elbows to separate the gun away from him, creating some distance." The motive in the dance hall attack remains unknown, Luna told reporters Sunday night.

Monterey Park Police officers at the scene of a mass shooting on Jan. 22, 2023 in Monterey Park where 10 people were killed at a dance hall. (Photo by Sarah Reingewirtz/MediaNews Group/Pasadena Star-News via Getty Images)The gunman behind the deadly dance hall shooting in the Los Angeles suburb of Monterey Park may have been targeting his ex-wife on the Lunar New Year, the California city's mayor said Monday. A vigil will be held Tuesday in Monterey Park in memory of the dead. And about a dozen hours after the bloodshed in Monterey Park, police tracked Tran's white van to a car park 30 miles away in the suburb of Torrance where the suspect killed himself. "I tried to reach her, but I didn't get any response," Monterey Park resident Vivian King said of a friend she last heard from earlier in the weekend.

Oscar-nominated actor Alec Baldwin was charged with involuntary manslaughter in the fatal shooting of cinematographer Halyna Hutchins on the New Mexico set of the Western movie “Rust,” prosecutors said Thursday. "Rust" first assistant director, David Halls, has agreed to plead guilty to negligent use of a deadly weapon, according to Carmack-Altwies' office. Baldwin was rehearsing with a pistol for a scene set inside a church when the gun went off, killing Hutchins and wounding the director, Joel Souza. Jae C. Hong / AP fileIn early October, Hutchins’ husband reached a settlement in his wrongful death lawsuit against the producers of “Rust,” including Baldwin. Souza is expected to return as the director when filming picks back up this month.

☆ Prince Harry's memoir, 'Spare,' which captures the ugly sides of royal life, hits bookshelves
▼ + stars: | 2023-01-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +8 min

“There was a new low every few minutes,” Harry wrote of the time after their relationship went public in November 2016. Prince Harry and Prince William at the unveiling of a statue of their mother, Princess Diana at Kensington Palace in London on July 1, 2021. “I don’t think Harry and Megan’s public image is repairable in the U.K.; I think it’s gone beyond that,” she added. Regardless of the danger he felt his family was in, and the disappointment with his family, Harry said he would “forever support my queen, my Commander in Chief, my Granny. Even after she’s gone.”“My problem has never been with the monarchy, or the concept of monarchy.

☆ Prince Harry's memoir hits shelves after days of controversy
▼ + stars: | 2023-01-10 | by ( Michael Holden | ) www.reuters.com time to read: +4 min

Harry's book "Spare" has garnered attention around the world with its disclosures about his personal struggles and its accusations about other royals, including his father King Charles, stepmother Camilla and elder brother Prince William. "I know perhaps some of the things he says have rubbed different people the wrong way," Lai Jiang told Reuters after buying a copy in Singapore. The royal family has not commented on the book or the interviews and is unlikely to do so. While Harry's revelations have dominated the headlines in the British media over the last week, the interest in his disclosures is far from universal. Additional reporting by Kylie MacLellan and Lion Schellerer in Singapore Editing by Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.

However, in the age of Apaches and laptops, everything I did in the course of two tours of duty was recorded and time-stamped,” Harry writes. The disagreement came at a planned reconciliatory tea at Kensington Palace in June 2018, Harry writes. According to the book, Kate told Meghan: “You talked about my hormones. We are not close enough for you to talk about my hormones!”According to Harry, Meghan recalled the conversation but was perplexed at Kate's reaction. Harry writes: "What I do remember with stunning clarity is that I did not cry.

"Good Morning America" co-anchor Robin Roberts made a surprise announcement on the ABC morning show Monday, saying she's ready to tie the knot with her girlfriend of nearly 18 years, Amber Laign. OK, I’m saying ‘yes’ to marriage,” Roberts told motivational speaker and author Gabby Bernstein during a conversation about setting intentions for the new year. The pair's decision to wed comes amid a nationwide uptick in same-sex couple households. For the first time, the number of same-sex couple households in the U.S. has surpassed 1 million, data from the Census Bureau's annual American Community Survey revealed in November. In 2021, there were more than 1.2 million same-sex couple households across the country, up from 540,000 in 2008, an increase of more than 120%, the data found.

☆ Women journalists remember Barbara Walters: 'Her powerful legacy lives on'
▼ + stars: | 2022-12-31 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +11 min

Diane Sawyer and Barbara Walters report from London during the wedding of Prince William and Princes Kate in 2011. Guthrie posted a throwback photo of Walters at the “TODAY” anchor desk with the caption: “thank you, Barbara. Harry Reasoner and Barbara Barbara on the set of ABC's evening news in 1976. "Her powerful legacy lives on in all the women journalists who were influenced by her passionate work and searing interviews," Roberts wrote. 'This is my legacy'Led by Oprah, 25 women journalists who were influenced by Barbara Walters say goodbye to her during her final co-host appearance on "The View" in 2014.

☆ Southwest Airlines operations back to normal after being crippled by storm
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 30 (Reuters) - Southwest Airlines (LUV.N) was up and running on a normal schedule on Friday after a massive winter storm crippled operations this week and exposed problems at the low-cost carrier. "Let me just be straightforward here: the storm had an impact but we had impacts beyond the storm that obviously impacted Southwest very differently," Jordan said in an interview with ABC's "Good Morning America." Map shows U.S. airports where an average of at least 25% of flights by Southwest Airlines were cancelled from Dec. 19 to 28. Southwest Airlines has promised to reimburse passengers for expenses such as hotels and car rentals in addition to refunding tickets and said there would be a still-undetermined hit to its earnings. The Southwest chief executive said he had a "great conversation" with Buttigieg and their goals were aligned.

☆ Pete Buttigieg says 'we will mount an extraordinary effort' to ensure Southwest Airlines meets its obligations to customers after thousands of flight cancellations
▼ + stars: | 2022-12-28 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +3 min

Pete Buttigieg increased pressure on Southwest Airlines to take care of its passengers. "We will mount an extraordinary effort to make sure that they're meeting their obligations," Buttigieg said. "And we will mount an extraordinary effort to make sure that they're meeting their obligations." But while many carriers have gone back to business as usual, Southwest Airlines is still experiencing significant disruptions. More than 2,500 Southwest Airlines flights within, into, or out of the US were cancelled on Wednesday, according to FlightAware, a real-time aviation tracker.

☆ American college student reported missing while studying abroad in France
▼ + stars: | 2022-12-12 | by ( Marie Brockling | Gabrielle Nolin | ) www.nbcnews.com time to read: +3 min

An American college student has been reported missing by his family while studying abroad in France. The parents of 22-year-old Ken DeLand Jr. have set up a website in an effort to share information about their son, who they say has been missing since last month. The family says they “fear the worst and want him to be located.”DeLand Jr. was studying at the University Grenoble Alpes in France through a study abroad program. DeLand Jr. was last seen making a purchase at 9 a.m. on Dec. 3, 2022. A surveillance camera captured DeLand Jr. entering a sports store in Montelimar in southeast France on Dec. 3, where he made a purchase for $8.40, according to the parents.

☆ US lawmakers want answers on FTX's collapse. Sam Bankman-Fried may not have them.
▼ + stars: | 2022-12-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

But first, we are going to hear more from Sam Bankman-Fried this week, even if you think we've already heard quite enough from him. Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee on December 8, 2021 in Washington, DC. Disgraced FTX founder Sam Bankman-Fried, who said he once considered himself a "model CEO," tweeted last week that he would testify before tomorrow's House Financial Services committee hearing focused on his firm's blowup. FTX's new CEO, John J. Ray III, who oversaw the bankruptcy of Enron, will testify in the first part of the hearing. A private lunch with the billionaire is on the table if you're willing to pony up the cash.

Three people close to FTX and Bankman-Fried told CNBC that the former CEO lobbied aggressively for a partnership with 11-time Grammy Award winner Taylor Swift. Bankman-Fried's commitment to getting the Swift deal done despite the deteriorating business environment fit a pattern of ignoring his lieutenants and going it alone, a half-dozen former company insiders and business partners said. The Financial Times reported earlier that FTX held talks with Swift about a potential sponsorship. Part of the Swift deal would have included the production by the singer of a collection of non-fungible tokens (NFTs), or digital items that can rise and fall in value. Beyond that, there was a lack of clarity over what Swift would be doing for the company, sources said.

☆ 'GMA3' anchors T.J. Holmes and Amy Robach taken off air after news of their relationship surfaces
▼ + stars: | 2022-12-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +1 min

"GMA3" co-anchors T.J. Holmes and Amy Robach have been taken off the air temporarily after news of their romantic relationship surfaced last week. But on Friday, while hosting the afternoon extension of “Good Morning America” with Robach, Holmes poked fun about the “great week” the pair had. Both Holmes and Robach deactivated their Instagram accounts since their relationship made news. NBC News reached out to Robach and Holmes’ representative, Matthew Hiltzik, who said the journalists have no comment at this time. T.J. Holmes was briefly a contributing anchor on MSNBC.

☆ Amy Robach and T.J. Holmes have reportedly been taken off 'GMA3'
▼ + stars: | 2022-12-05 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

"GMA3" co-anchors Amy Robach and T.J. Holmes have been temporarily removed from the show, according to reports. The pair have been engaged in an affair for some time, tabloids reported last week. Page Six first reported that Robach and Holmes had been engaged in a "months-long affair." Both of them are married to others, though People reported last week that they had separated from their spouses in August. Godwin said that Robach and Holmes' relationship had become "an internal and an external distraction," according to the Post.

☆ Video shows the rescue of an overboard cruise-ship passenger who survived 20 hours fighting jellyfish and eating bamboo
▼ + stars: | 2022-12-05 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

James Michael Grimes, age 28, survived nearly 20 hours treading water in the Gulf of Mexico. "My worst fear is drowning," Grimes told ABC. The Coast Guard shared video of the rescue, below, including footage of Grimes floundering in the sea and waving his arms. At 2:30 p.m., the ship reported the missing passenger to the Coast Guard. The Coast Guard said it deployed "several rescue crews," and Carnival said the Valor "retraced its route to support the search and rescue."

☆ Sam Bankman-Fried Chucks the Crisis Communications Playbook
▼ + stars: | 2022-12-02 | by ( Nat Ives | ) www.wsj.com time to read: +5 min

The interviews could be a case study in what not to do in a crisis, some communications executives said. “He’s basically breaking every rule that somebody in the crisis communications field would advise,” said Andrew Gilman, president and chief executive at CommCore Consulting Group, a public relations and communications firm. Asked at the DealBook conference whether his lawyers thought it was wise for him to be speaking, Mr. Bankman-Fried said no. If Mr. Bankman-Fried is determined to say something now, Mr. Gilman said he would have advised putting a statement online and declining to take questions yet. But Mr. Sitrick said he couldn’t fully gauge the results of the mini-media tour because he didn’t know Mr. Bankman-Fried’s goals.

☆ Blackstone's grand ambitions for attracting retail money faces a hiccup
▼ + stars: | 2022-12-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's also a key part of the firm's push to attract retail investors, Insider's Rebecca Ungarino reports. Bloomberg previously reported that both firm CEO Steve Schwarzman and President Jon Gray have each put $100 million of their own money into BREIT since July. But as nice as it is to have the bosses' money backing your fund, that's not the target audience. And while there is a lot of upside to attracting retail investors — its private wealth arm has quadrupled in size to $233 billion in assets in four years — there are risks, too. Click here to read more about the recent headwinds facing Blackstone's big bet to attract retail money.

☆ Sam Bankman-Fried says figuring out how to pay his lawyers is a 'concern' after his fortune fell to 'close to nothing'
▼ + stars: | 2022-12-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried says he's "trying to figure out" how to pay his lawyers, calling it a "concern." After FTX collapsed, Bankman-Fried's fortune plummeted from around $16 billion to "close to nothing." After FTX collapsed in November, Bankman-Fried's fortune plummeted from $16 billion to $1 billion, with Bloomberg putting the value of both FTX and sister company Alameda at just $1. When asked by Chet Long, chief security officer at International Blockchain Consulting, how he was paying his lawyers, Bankman-Fried said: "That's something I'm trying to figure out right now." In response to a question about whether he had the lawyers on retainer, Bankman-Fried said: "I can't go into the details."

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