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☆ Biden turns 81, pardons turkeys, confuses Taylor Swift with Britney Spears
▼ + stars: | 2023-11-20 | by ( Taylor Berman | ) www.businessinsider.com time to read: +1 min

Biden turned 81 on Monday. And he confused Britney Spears for Taylor Swift. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Monday, President Joe Biden turned 81. He was, of course, trying to make a reference to Taylor Swift and her ongoing Eras tour, which is currently making its way through South America.

Persons: Biden, Britney Spears, Taylor Swift, —, Joe Biden, I'm, Liberty, Bell, She's, Swift, Britney, Chateau, Joe Organizations: Service, Liberty, Bell, CNN, Washington DC, Renaissance Locations: Washington, Brazil, South America, West Hollywood

☆ Media Matters: Elon Musk’s X sues media watchdog over report on pro-Nazi content on the social media site
▼ + stars: | 2023-11-20 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +6 min

The lawsuit filed Monday accuses Media Matters of distorting how likely it is for ads to appear beside extremist content on X, alleging that the group’s testing methodology was not representative of how real users experience the site. “Media Matters designed both these images and its resulting media strategy to drive advertisers from the platform and destroy X Corp.”The lawsuit simultaneously names Media Matters and Eric Hananoki, its senior investigative reporter, as defendants. It calls for a judicial order forcing Media Matters to remove its analysis from its website and accuses Media Matters of interfering with X’s contracts with advertisers, of disrupting their economic relationships and of unlawfully disparaging X. In a statement Monday evening, Media Matters President Angelo Carusone vowed to defend the group against the suit. “Media Matters stands behind its reporting and looks forward to winning in court.”On Monday evening, X CEO Linda Yaccarino chimed in defending the social media site.

Persons: Elon Musk, Eric Hananoki, Angelo Carusone, ” Carusone, ”, Linda Yaccarino chimed, I’m, ” Yaccarino, “, Ken Paxton, Musk, ” Musk, opportunistically, that’s, Steve Vladeck, Joan Donovan, ” Ken White, “ X, ” White, White, Mark Pittman, Donald Trump, Pittman, Joe Biden’s, Jon Passantino, Dan Berman Organizations: CNN, Media, “ Media, X Corp, Court, Northern, Northern District of, “, Whites, Disney, Paramount, Warner Bros, Northern District of Texas, University of Texas, Boston University, YouTube, of Columbia Locations: Northern District, Northern District of Texas, Texas, Los Angeles, California

☆ Walmart is 'in the right place at the right time': Neuberger Berman's San Marco on consumer trends
▼ + stars: | 2023-11-15 | 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 EmailWalmart is 'in the right place at the right time': Neuberger Berman's San Marco on consumer trendsJohn San Marco, Neuberger Berman portfolio manager, joins 'Closing Bell Overtime' to talk the state of the consumer, what retail earnings say about current shopping habits, Walmart quarterly earnings and more.

Persons: Neuberger Berman's San, San Marco, Neuberger Berman Organizations: Walmart Locations: Neuberger Berman's San Marco

☆ EXCLUSIVE: Janet Yellen's In-N-Out order revealed
▼ + stars: | 2023-11-14 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

Janet Yellen is meeting with Chinese President Xi Jinping today. Before meeting him at the San Francisco airport, Yellen stopped at an In-N-Out. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn her way to meet Chinese President Xi Jinping at the San Francisco airport, Treasury Secretary Janet Yellen stopped at In-N-Out for a bite to eat. Janet Yellen ordering In-n-out before heading to the airport to greet Xi Jinping pic.twitter.com/0ssqar6he2 — Viktoria Dendrinou (@v_dendrinou) November 14, 2023But what did the famous economist order?

Persons: Janet Yellen, Xi Jinping, Yellen, —, 0ssqar6he2 — Viktoria Dendrinou, Lily Adams, Treasury Department didn't, Joe Biden Organizations: Treasury, Service, Public Affairs, Treasury Department, Economic Cooperation, Wednesday, Tech Locations: San Francisco, Asia, China

☆ Live updates: Donald Trump Jr. testifies for defense in New York civil fraud trial
▼ + stars: | 2023-11-13 | by ( Dan Berman | ) edition.cnn.com time to read: +2 min

Judge Arthur Engoron sided with Donald Trump’s attorneys, overruling an objection from the New York attorney general’s office to admit a PowerPoint presentation showcasing the history of the Trump Organization. The presentation, titled “The Trump story,” also included photos of Donald Trump with his father, Fred Trump, as well as sleek photos of various Trump buildings. The PowerPoint included Trump's purchase of Mar-a-Lago in 1985, which Trump Jr. described as "one of the few sort of American castles." Assistant Attorney General Kevin Wallace objected to the presentation, claiming the text descriptions were coaching the witness. The judge has also sided with Trump's lawyers during the trial, but this signals the judge is going to give a lot of leeway to both sides in their presentation.

Persons: Arthur Engoron, Donald Trump’s, overruling, Donald Trump Jr, ”, Donald Trump, Fred Trump, Trump, we've, Andrew Amer, Kevin Wallace, Engoron, Chris, Kise, “ Engoron, “, ” “, ” Engoron, doesn't Organizations: New, Trump Organization, Trump, Mar Locations: New York, Yukon, Canada, Lago

☆ 'Overemployed' Workers Secretly Juggle Several Jobs for Big Salaries
▼ + stars: | 2023-11-13 | by ( Aki Ito | ) www.businessinsider.com time to read: +21 min

Holding down multiple jobs has long been a backbreaking way for low-wage workers to get by. They freeze their employment histories with Equifax and hibernate their LinkedIn profiles, so employers can't see they're holding multiple jobs. Those with multiple jobs also seek out positions they hope will be OE-friendly — light on meetings, as well as on the workload. There's another incentive: Unlike most Americans, those who work multiple jobs don't have to worry about layoffs. There's something radical that happens to a worker's psychology when they have multiple jobs.

Persons: Bryan Roque, He'd, Roque, I'm, Isaac, Reddit, commiserate, he'd, it's, they're, —, Tyler Le, George, who's, I've, Allison, Cole, he's, Matthew Berman, hasn't, Meta, Tinder, jugglers, Taylor, they'll, normies, Redditor, she'd, she's, Aki Ito Organizations: Amazon, IBM, Meta, Financial Independence, J1, McKinsey & Company, J2 Locations: Meta, Tinder, New York, California, Meta's, tatters

☆ Opinion | Speech and Antisemitism on Campus
▼ + stars: | 2023-11-13 | by ( ) www.nytimes.com time to read: +5 min

And he rightly suggests necessary limits on a culture of free speech, including prohibitions on harassment and targeting based on ethnic or religious identity. We can build our bastions of free speech on the foundational layers of moral clarity and intellectual integrity. To the Editor:Re “What Is Happening on College Campuses Is Not Free Speech,” by Gabriel Diamond, Talia Dror and Jillian Lederman (Opinion guest essay, Nov. 11):Protecting free speech on campus requires bravery and intellectual honesty, not partisan definitions. As Jewish students, we share in the real fear surrounding the rise of violent threats against our communities. Upholding free speech requires empathy and consistency, and we must understand that intimidation and fear on campuses are real, and they are not felt only or even primarily by Jewish students.

Persons: Jesse Wegman, Wegman, Rabbi, Ari Berman, Gabriel Diamond, Talia Dror, Jillian Lederman, ”, Eliana Blumberg Rita Feder Michael Farrell, Rosen Providence, Lawrence D, Platt Los Angeles, Joshua Rosenbaum Brooklyn, Joe Manchin, … Organizations: Hamas, Yeshiva University, Holocaust, Israel, Jewish, Brown University, College, University, Touro University Locations: Israel, Chicago, R.I, American, Europe

☆ Megan Rapinoe and Ali Krieger take to the pitch for the last time in NWSL Final
▼ + stars: | 2023-11-11 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Friends and teammates for much of their illustrious careers, US Women’s National Team legends Megan Rapinoe and Ali Krieger will take to the pitch one last time on Saturday as foes. Rapinoe’s OL Reign takes on Krieger’s Gotham FC in Saturday’s NWSL Final, which provides a fitting stage for the grand finale of two women’s soccer greats. Ahead of the game, in the final pre-match press conference of her career, an emotional Rapinoe couldn’t hold back the tears. Krieger’s farewellPerhaps it was written in the stars that both Rapinoe and Krieger would enjoy their last dance on the pitch together in the NWSL Championship game. On Monday, after both teams had booked their places in the final, Krieger revealed on Instagram a two-month-old text exchange she had with Rapinoe.

Persons: Megan Rapinoe, Ali Krieger, Rapinoe’s, “ I’ve, ”, I’ve, Rapinoe, “, ” Rapinoe, Krieger, Stephen Brashear, Jessica Berman Organizations: CNN, National, Gotham FC, USA, Amazon Prime, ION, CBS, Paramount Plus, ESPN, Sports, Reuters, Champions League, Frankfurt Locations: Saturday’s, rondos, California

☆ NWSL to launch expansion process for 16th team
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - The NWSL will begin the process of expanding to a 16th team, Commissioner Jessica Berman said on Friday, as the top-flight North American league looks to build with a landmark new broadcast deal in place. The National Women's Soccer League (NWSL) previously announced it will welcome a 13th and 14th club next year, the San Jose-based Bay FC and the Utah Royals, and a Boston-based team is expected to join beginning in 2026. The league welcomed two other teams, Los Angeles' Angel City FC and San Diego Wave FC, in 2022. Berman said that viewership on the CBS network was up 41% year-over-year this season while streaming on Paramount+ climbed 83%. The NWSL season wraps up on Saturday with a championship match between the Seattle-based OL Reign and NJ/NY Gotham FC at San Diego's Snapdragon Stadium.

Persons: Jessica Berman, Berman, Amy Tennery, Christian Schmollinger Organizations: Women's Soccer League, FC, Utah Royals, Angel City FC, San Diego Wave FC, ESPN, CBS, Prime Sports, Scripps, ION, Paramount, NY Gotham FC, Thomson Locations: San Jose, Boston, Los Angeles, U.S, Seattle, NJ, San, New York

The National Women's Soccer League is looking to add a 16th team, Commissioner Jessica Berman announced Friday. Gotham FC plays OL Reign for the league title on Saturday night. Political Cartoons View All 1240 ImagesBerman said ticket sales to NWSL games grew 36% this season and average attendance at games was up 26 percent. Last month, OL Reign attracted a record NWSL crowd of 34,130 to Lumen Field in Seattle for Megan Rapinoe's farewell match. The sale of both OL Reign and the Portland Thorns is progressing, with deals expected to be announced by the end of this year, Berman said.

Persons: Jessica Berman, “, ” Berman, Berman, Lumen, Megan Rapinoe's, we've, ___ Organizations: Women's Soccer League, Utah Royals, Bay FC, Gotham FC, ESPN, CBS Sports, Amazon Prime, Scripps Sports, San Diego Wave, CBS, Portland Locations: Northern California, Boston, U.S, Seattle

☆ NWSL announces record broadcast deal to start in 2024
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Scripps Company CEO Adam Symson speaks during a press conference announcing the NWSL’s new partnerships with CBS Sports, ESPN, Prime Video, and Scripps Sports at Venue 808. Mandatory Credit: Kyle Terada-USA TODAY Sports Acquire Licensing RightsNEW YORK, Nov 9 (Reuters) - The National Women's Soccer League (NWSL) has agreed a four-year media deal with broadcasters ESPN, CBS, Prime Sports and Scripps' ION Network, the league said on Thursday. The NWSL described the deal, worth a reported $60 million annually, as the "largest media investment in women's sports history", promising "record-breaking distribution and revenue" for the top-flight American league. The 2024 NWSL will include two expansion teams, Bay FC and the Utah Royals. Reporting by Amy Tennery in New York, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Adam Symson, Kyle Terada, Jessica Berman, Rosalyn Durant, Amy Tennery, Ed Osmond Organizations: Scripps Company, CBS Sports, ESPN, Prime, Scripps Sports, Women's Soccer League, CBS, Prime Sports, Scripps, ION Network, Bay FC, Utah Royals, Thomson Locations: San Diego , California, USA, Australia, New Zealand, New York

☆ NWSL announces media deals with CBS Sports, ESPN, Amazon worth $240 million
▼ + stars: | 2023-11-09 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

The National Women's Soccer League announced a four-year contract Thursday for media distribution with CBS Sports, ESPN, Amazon Prime Video and Scripps Sports . The NWSL will begin each regular-season weekend with Friday night matches on Prime Video, followed by double-header Saturday night games on Scripps'-owned ION network. The league will also air a package of regular-season matches on CBS and stream live on Paramount+. Additionally, ESPN will air a package of matches across its various channels, including live streaming on ESPN+ in English and Spanish. CBS will air a minimum of 21 games, ESPN and ABC will air 20 games, Prime Video will air 27 games and Scripps will air 50, according to the league.

Persons: Carli Lloyd of, Sydney Leroux, Orlando, Jessica Berman, —, Jessica Golden Organizations: Carli Lloyd of NJ, NY Gotham FC, Match, Sydney, Orlando Pride, Red Bull Arena, Women's Soccer League, CBS Sports, ESPN, Amazon Prime, Scripps Sports, Prime, Scripps, ION, CBS, Paramount, CNBC, ABC

☆ Ohio just legalized cannabis. Now comes the hard part
▼ + stars: | 2023-11-09 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Ohio voters’ approval of a legalization measure on Tuesday comes just months after cannabis saw some of its most significant movements at the federal level. “I honestly think it will have massive reverberating effects on what Congress has to do about this.”More than two-thirds of US states have legalized cannabis in some capacity: 38 states have approved comprehensive medical cannabis programs, and Ohio brings the recreational total to 24 states. Joshua A. Bickel/APExisting medical cannabis dispensaries will have the opportunity to be grandfathered in and have first crack at licenses, but municipalities can decide whether to allow sales. “In 2018, Michigan fully legalized cannabis, set a relatively low tax rate and my perception is it’s been a fairly successful industry there.”Michigan’s cannabis sales hit a record $276 million in July, a time when industry members there and beyond have struggled. Marijuana buds ready for harvest rest on a plant at AT-CPC of Ohio, Monday, Jan. 28, 2019, in Akron, Ohio.

Persons: Andrew Freedman, ”, “ It’s, ” Freedman, “, pollster Gallup, ‘, Nick Lachey, Joshua A . Bickel, Mike DeWine, Freedman, Douglas Berman, ” Berman, It’s, Irina Dashevsky, Marder, Tony Dejak, Dashevsky, we’ve, hasn’t, Ariane Kirkpatrick, Amonica Davis, ” Kirkpatrick Organizations: Minneapolis CNN, Buckeye, US Department of Health, Human Services, Forbes Tate, Coalition for Cannabis Policy, CNN, Republican, Drug Enforcement, Center, The Ohio State University’s Moritz College of Law, Industry, Buckeyes, CPC, Ohio, AP Companies, Enforcement Locations: Minneapolis, Minneapolis CNN — Ohio, Ohio, As Ohio, Missouri, Cincinnati, Michigan, Akron , Ohio, United States

The National Women's Soccer League on Thursday announced a new media rights deal that will feature the league's matches on ESPN, CBS Sports, Amazon Prime Video and Scripps Sports. “We’re resetting the standards by which women’s sports can be valued.”The league's current deal with CBS Sports ends at the end of this season. Political Cartoons View All 1239 ImagesStarting next season, a Friday night game on Prime Video will kick off each weekend. The remaining regular season games will be part of a domestic direct-to-consumer package produced and distributed by the NWSL, the league said. In the playoffs, Prime Video and a CBS platform will each broadcast a quarterfinal each, while ESPN/ABC airs the other two.

Persons: ”, Jessica Berman, “ We're, ” Sean McManus, Berman, Megan Rapinoe's, Lumen, Rapinoe, Ali Krieger, ___ Organizations: Women's Soccer League, ESPN, CBS Sports, Amazon Prime, Scripps Sports, Gotham FC, CBS, Scripps, ION, Paramount, CBS Sports Network, ABC, ESPN2, ESPN Deportes, Endeavor, NHL, NFL, Utah Royals, Bay FC, U.S . Locations: San Diego, Seattle, Gotham

HonestReporting, which describes itself as an organization devoting to fighting media disinformation about Israel and Zionism, did not specifically make those accusations against the companies. It did, however, suggest that freelance photographers whose work from that day was used by the outlets might have known. For journalists to have known about the Hamas plans in advance presents a complicated ethical question. “We raised questions and it led the media outlets to clarify the truth,” he said. “Great, that's what we do.”Both AP and CNN said Thursday that they would no longer work with Eslaiah, one of the freelance photographers.

Persons: Israel —, Reuters —, ’, ” HonestReporting, “, Gil Hoffman, ” Hoffman, ”, Yousef Masoud, Mohammed Fayq Abu Mostafa, Yasser Qudih, Israel, Julie Pace, ” Pace, Hassan Eslaiah, Ali Mahmoud, Hatem Ali, Danny Danon, Benny Gantz, Nina Berman, Hoffman, HonestReporting, Yahya Sinwar Organizations: — CNN, The New York Times, Associated Press, Reuters, New York Times, AP, Masoud, The Times, Times, Protect Journalists, Columbia University, CNN Locations: Israel, Gaza, Jerusalem

☆ Tim Scott's girlfriend reveal was the sole highlight of the 3rd GOP debate
▼ + stars: | 2023-11-09 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

GOP presidential candidate and lifelong bachelor Tim Scott earlier this year said he had a girlfriend. But after the GOP debate Tuesday, he brought her onstage, to the delight of political reporters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . 🚨Tim Scott is doing a girlfriend soft launch tonight pic.twitter.com/fm5EMhnWWQ — Natalie Allison (@natalie_allison) November 9, 2023Hard launch confirmed. "I can't imagine dragging her onto the campaign trail unless I have the intention of marrying her," Scott told the Post in September.

Persons: Tim Scott, —, Sen, Tim Scott —, Donald Trump, Scott, cott, — J ake L ahut, lanning Organizations: GOP, Service, ard Locations: ashington

☆ Live updates: Ivanka Trump testifies in New York civil fraud trial
▼ + stars: | 2023-11-08 | by ( Dan Berman | ) edition.cnn.com time to read: +2 min

Will Lanzoni/CNNThe New York attorney general’s office walked Ivanka Trump through her role securing financing for the Doral Golf Resort & Spa in Florida. AG attorney Louis Solomon showed email communications Ivanka Trump had in shopping around potential financing terms from several lenders to fund Trump Org. for the Doral property. Ivanka Trump said she did not recall. The Doral property is one of several Trump Organization properties that were secured with loans from Deutsche Bank.

Persons: Will Lanzoni, Ivanka Trump, Louis Solomon, Donald Trump's, Chris Kise, Engoron, Solomon, Trump's, David Orowitz, general's Organizations: Trump National Doral, CNN, New, Doral, Trump, Beal Bank, Trump Organization, Deutsche Bank, Trump Org Locations: Miami , Florida, New York, Florida, Doral

☆ Live updates: Supreme Court oral arguments on Second Amendment gun rights
▼ + stars: | 2023-11-07 | by ( Dan Berman | Devan Cole | ) edition.cnn.com time to read: +2 min

She asked Prelogar directly for “useful guidance” SCOTUS can give “about the methodology that Bruen requires be used and how that applies to cases even outside of this one?" Prelogar suggested three things the court can do. First, lower courts have “embraced the idea that the only thing that matters under Bruen is regulation. “And I think that comes very close to requiring us to have a dead ringer when Bruen itself said that's not necessary. The way constitutional interpretation usually precedes is to use history and regulation to identify principles, the enduring principles that define the scope of the Second Amendment right.

Persons: Elena Kagan, Prelogar, SCOTUS, ” Prelogar, Bruen, that's, ” Locations: “

Former President Donald Trump attends the Trump Organization civil fraud trial at New York Supreme Court on Monday. Brendan McDermid/Pool/ReutersDuring testimony, Donald Trump leaned into the microphone saying, "This is a very unfair trial. Very, very and I hope the public is watching.”The court then adjourned for a 15 minute break. Trump did not speak on his way out of court, but slammed the case on Truth Social. This is a level of Election Interference never before seen in our country," the email reads.

Persons: Donald Trump, Brendan McDermid, Trump, fundraise, Joe Biden Organizations: Trump Organization, New, Supreme, New York Times, Siena College Locations: Manhattan

☆ Consumers are still spending, but they're under pressure. These stocks still have room to run
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.

Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo

☆ Neuberger Berman's Joseph Amato talks investing opportunities in the current market
▼ + stars: | 2023-11-06 | by ( ) 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 EmailNeuberger Berman's Joseph Amato talks investing opportunities in the current marketJoseph Amato, Neuberger Berman President & CIO, joins 'Closing Bell Overtime' to talk his investing playbook in the current market environment.

Persons: Neuberger Berman's Joseph Amato, Joseph Amato, Neuberger Berman Organizations: CIO

Class-action status in the damages portion of an antitrust lawsuit against the NCAA was granted by a federal judge on Friday, a decision that could put the association on the hook for a potential multibillion dollar payout to former and current college athletes. Brought by Arizona State swimmer Grant House in 2020, the lawsuit challenges the NCAA's remaining name, image and likeness compensation rules. Wilken's latest ruling could make more than 14,000 current and former college athletes eligible to claim damages if the NCAA loses the case. “What we’re going to be asking the court to do for the class is to strike down all current prohibitions on NIL. ___AP college football: https://apnews.com/hub/college-football and https://apnews.com/hub/ap-top-25-college-football-poll

Persons: Claudia Wilken, Grant, Tymir Oliver, Steve Berman Organizations: NCAA, Northern District of, Arizona State, Grant House, TCU, Sedona Prince, Illinois, AP Locations: Northern District, Northern District of California

☆ Steve Eisman: Fed chair Powell is 'just as confused' by all the data points as everybody else
▼ + stars: | 2023-11-02 | 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 EmailSteve Eisman: Fed chair Powell is 'just as confused' by all the data points as everybody elseSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss latest market trends, earnings season, consumer strength, the Fed's inflation fight, and more.

Persons: Steve Eisman, Powell, Neuberger Berman

☆ Steve Eisman on one thing he has learned in his career and why it’s keeping him away from banks
▼ + stars: | 2023-11-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of the "The Big Short" fame said Thursday that one investment mantra he swears by is telling him that buying beaten-up bank stocks won't be fruitful. "One thing I've learned in my career over the years is that buying something just because it's cheap is a value trap and shorting something because it's very expensive is a death wish," Eisman said on CNBC's " Squawk Box ." Uncertainty caused by the collapse of Silicon Valley Bank earlier this year triggered outflows at other regional banks as well as larger institutions, he said. KRE YTD mountain SPDR S & P Regional Banking ETF The SPDR S & P Regional Banking ETF , which tracks 140 regional banks, has fallen about 30% this year. Apart from banks, Eisman said companies selling high-priced real estate, cars and solar panels could be under pressure as lofty interest rates could keep consumers from borrowing.

Persons: Steve Eisman, I've, Eisman, Michael Lewis, Oscar, Neuberger Berman Organizations: Regulators, Regional Banking, Regional Banking ETF Locations: Silicon

☆ Investor Steve Eisman tells Penn to take his name off scholarship as school faces criticism during Israel-Hamas war
▼ + stars: | 2023-11-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Longtime investor Steve Eisman is the latest Wall Street executive distancing himself from his alma mater, the University of Pennsylvania, as the school's leadership comes under criticism for whether it's doing enough to fight back against antisemitism following the start of the war between Israel and Hamas. "The Big Short" investor told CNBC's "Squawk Box" on Thursday that, after hearing fellow finance executive Marc Rowan was encouraging donors to close their checkbooks to Penn, he called the university and demanded his family's name be removed from a scholarship. "I do not want my family's name associated with the University of Pennsylvania, ever," Eisman said he told the university. Much of the frustration from donors is tied back to the Palestine Writes Literature Festival that took place on Penn's campus in September. Donors and fellow alumni signed an open letter to the university's leadership before the festival voicing their concerns about the event.

Persons: Steve Eisman, CNBC's, Marc Rowan, Eisman, Neuberger Berman Organizations: University of Pennsylvania, CNBC Locations: Israel, Penn, Palestine

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