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☆ A woman's hilarious Christmas story about her parents spoiled 'adopted' wild raccoon is going viral on TikTok
▼ + stars: | 2023-12-26 | by ( Julie Gerstein | ) www.businessinsider.com time to read: +3 min

Stacy Jo Rost came home on Christmas to find her parents had adopted a wild raccoon. The raccoon, dubbed Little RIck after Rost's stepfather Rick, is treated to daily cooked breakfasts. AdvertisementImagine coming home for the holidays to find your parents have adopted a wild raccoon and are treating it like furry, small-pawed royalty. The raccoon "has a messed up back leg and they saw him when he was a little raccoon baby and didn't think he'd make it," she continued. AdvertisementHer family insisted that Little Rick was harmless, but Jost wasn't having it:“He’s cute!”“Leave him alone!”“Let them do it!”No.

Persons: Stacy Jo Rost, Little RIck, Rick, Rost, RIck, —, it's, Rickoon, Stepdad Rick, Rost's, Little Rick, Jost wasn't, RICK, 9cxnlXjfM6 — Stacy Jo Rost, Xf1gUuAy5m — Stacy Jo Rost, Will Rost Organizations: Service, Seattle Sports Locations: cahoots

☆ Jennifer Jason Leigh on 'Fargo,' 'Fast Times,' 'Hateful Eight' & Most Famous Roles
▼ + stars: | 2023-12-14 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

Jennifer Jason Leigh knows how to make an entrance. Juno Temple as Dorothy "Dot" Lyon and Jennifer Jason Leigh as Lorraine Lyon in "Fargo" season five. Phoebe Cates and Jennifer Jason Leigh in "Fast Times at Ridgemont High." On the enjoyable experience of getting punched by Kurt RussellKurt Russell and Jennifer Jason Leigh in "The Hateful Eight." On losing out on Catwoman — and the other role that got awayJennifer Jason Leigh as Sadie Flood in "Georgia."

Persons: Jennifer Jason Leigh, Lorraine Lyon, Leigh, she's, Daisy Domergue, Quentin Tarantino's, Hedy Carlson, Sadie Flood, Noah Hawley's, Dot, Juno Temple, Dorothy, Lyon, Michelle Faye, Temple, Phoebe Cates, Julia Roberts, Stacy, Kurt Russell Kurt Russell, Kurt Russell, Kurt, I'd, Catwoman —, Miramax You've, Tim Burton, Michelle Pfeiffer, I've, there's, There'd Organizations: Business, Juno, Lorraine, TWC, Miramax, Miami, Hulu Locations: Minnesota, Hollywood, Georgia, Fargo, Dot, Ridgemont

☆ Taylor Swift and Simone Biles in attendance as Green Bay Packers stun the Kansas City Chiefs, 27-19
▼ + stars: | 2023-12-04 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —There was some serious star power in Green Bay on Sunday afternoon. Twelve-time Grammy award-winning artist Taylor Swift was in attendance for the Kansas City Chiefs’ 27-19 road defeat against the Green Bay Packers. It was her first appearance at a Chiefs game since October 7, when the reigning Super Bowl champions took down the Los Angeles Chargers, 31-17. Lambeau featured another celebrity power couple in the stadium on Sunday: seven time Olympic gold medalist Simone Biles was in attendance to support her husband, Green Bay safety Jonathan Owens. A Sunday night upsetLove was certainly in the air in every sense in Green Bay on Sunday.

Persons: Taylor Swift, Travis Kelce, Swift, Brittany Mahomes –, Patrick Mahomes –, Kelce, Lambeau, Simone Biles, Jonathan Owens, Owens, Stacy Revere, Biles, Love, Jordan Love, Aaron Rodgers, Mahomes, Jeffrey Phelps, Carrington Valentine, Marques Valdes, Scantling . Valdes, Scantling, Mary Organizations: CNN, Kansas City Chiefs, Green Bay Packers, Kansas City, Lambeau, Chiefs, Super, Los Angeles Chargers, Packers, Getty, NFL, Detroit Lions, AP, Green Bay, New York Giants, Buffalo Bills Locations: Green Bay, Buenos Aires, Argentina, Bay, Green, Kansas City

OKLAHOMA CITY (AP) — An iconic chief of the Cherokee Nation, Wilma Mankiller, inspired countless Native American children as a powerful but humble leader who expanded early education and rural healthcare. A public ceremony honoring Mankiller’s legacy is set for Tuesday in Tahlequah in northeast Oklahoma, where the Cherokee Nation is headquartered. The rollout of the Barbie doll featuring Mankiller wearing a ribbon skirt, black shoes and carrying a woven basket has been met with conflicting reactions. I didn't know it was coming.”Olaya also wonders how her mother would feel about being honored with a Barbie doll. “I have a warm feeling about the thought of my granddaughters playing with a Wilma Mankiller Barbie,” she said.

Persons: Wilma Mankiller, Mankiller’s, Mankiller, —, ”, Chuck Hoskin, Mattel, ” Hoskin, “ Wilma Mankiller, ” Mankiller, Bessie Coleman, Black, Angelou, Ida B, Wells, Jane Goodall, Madam C.J, Walker, Wilma Barbie, ” Stacy Leeds, Regina Thompson, doesn't, “, ” Thompson, Wilma, ” Mattel, Devin Tucker, Charlie Soap, Kristina Kiehl, Kiehl, “ Regrettably, Felicia Olaya, Olaya, ” Olaya, ‘ I’m, Diana, “ I’m, Wilma Mankiller Barbie Organizations: OKLAHOMA CITY, Cherokee, Cherokee Nation, Indian, Mattel, Arizona State University, Associated Press, AP, Cherokees Locations: toymaker, Tahlequah, Oklahoma, Mankiller, American

☆ Target date funds: What are they and should you invest in one?
▼ + stars: | 2023-12-02 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —If you are in a 401(k) plan at work, you very likely have the option to invest in a so-called target date fund, which also may be called a retirement date fund or a lifecycle fund. At the end of 2020, the vast majority of plans (86%) offered target date funds, and 59% of 401(k) participants had money invested in one. Typically a target date fund is a “fund of funds” – meaning its portfolio is made up of both stock funds and bond funds selected by the manager. It is especially critical in your 50s to revisit your fund’s glide path to (and possibly after) the fund’s retirement date. “If you’re an overanalyzer or overthinker, or you don’t want to worry about it, target date funds are for you,” Sharick said.

Persons: Madison Sharick, Madi, Bryan Minogue, Minogue, fund’s, Sharick, Stacy Miller, ” Miller, “ it’s, –, ” Sharick Organizations: New, New York CNN, Research Institute, Kardinal Locations: New York, U.S, Tampa , Florida

☆ Rift Over Fossil Fuels to Dominate COP28
▼ + stars: | 2023-12-01 | by ( Stacy Meichtry | Matthew Dalton | ) www.wsj.com time to read: 1 min

Leaders from the United Arab Emirates, the host of COP28, on the opening day of the summit in Dubai. Photo: Hollie Adams/Bloomberg NewsDUBAI—World leaders gathered for climate talks in this oil-rich corner of the globe amid sharp divisions over how quickly governments need to wean their economies off fossil fuels to prevent the planet from blowing past the Paris accord’s temperature targets. Vice President Kamala Harris was expected to join Brazilian President Luiz Inácio Lula da Silva , French President Emmanuel Macron and a host of leaders from across the Gulf region Friday at the start of a two-day summit to kick off the United Nations’ annual climate talks, known as COP28.

Persons: Hollie Adams, Kamala Harris, Luiz Inácio Lula da Silva, Emmanuel Macron Organizations: United Arab Emirates, Bloomberg News DUBAI —, Brazilian, United Nations Locations: Dubai, Paris, Gulf

☆ Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades
▼ + stars: | 2023-12-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +13 min

Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.

Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S

☆ Shane MacGowan, lead singer of The Pogues, dead at 65
▼ + stars: | 2023-11-30 | by ( Jack Guy | Niamh Kennedy | ) edition.cnn.com time to read: +2 min

London CNN —Shane MacGowan, the lead singer of Anglo-Irish band The Pogues, has died, according to a statement from his wife, Victoria Mary Clarke. The singer had been discharged from Dublin’s St. Vincent’s Hospital on November 22 after receiving treatment there for an infection, Clarke said. And MacGowan received a full set of dental implants in 2015 after losing several teeth as a result of his heavy drug and alcohol use. Born in Kent, England in 1957 to Irish parents, MacGowan spent his summers in a farmhouse in southern Ireland, surrounded by traditional Irish music. He formed his band, The Pogues, in London in 1982 with Peter “Spider” Stacy, Jem Finer and James Fearnley, blending traditional Irish folk music with punk sounds.

Persons: London CNN — Shane MacGowan, Victoria Mary Clarke, Clarke, ”, Shane MacGowan, Kirsty MacColl, Brian Rasic, ” MacGowan, MacGowan, Peter “ Spider ” Stacy, Jem, James Fearnley, Ireland’s, Leo Varadkar, Michael D, Higgins, MacGowan’s Organizations: London CNN, Vincent’s Hospital Locations: Dublin’s St, Kent , England, Ireland, London, York, ”

☆ 'Women's No. 1 source of stress is money,' expert says. Fixing that requires a step-by-step approach
▼ + stars: | 2023-11-29 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

While men are most commonly say they are "hopeful" when it comes to money, women's number one word for their financial feelings was "stress," according to a 2023 Fidelity Investments survey. 1 source of stress is money," Sallie Krawcheck, CEO of Ellevest, an online investing platform for women, told CNBC in a recent interview. watch nowThere are a reasons why women's financial concerns are more acute. Consequently, women's top goal is to shore up the wealth they're lacking, while their second priority is taking care of their families, she said. A step-by-step approach works bests, according to Stacy Francis, a certified financial planner and president and CEO of Francis Financial in New York.

Persons: Sallie Krawcheck, Krawcheck, Cary Carbonaro, Carbonaro, Stacy Francis, Francis Organizations: Fidelity Investments, CNBC, ACM Wealth, Francis Financial, CNBC's FA Locations: New York, CNBC's

☆ How Cave Canem Has Nurtured Generations of Black Poets
▼ + stars: | 2023-11-27 | by ( Stacy Y. China | ) www.nytimes.com time to read: +1 min

Eady is easy to spot — he is the only Black person in the picture. This was not at all unusual for a writers’ retreat in 1980. In fact, it’s not all that unusual at many writers’ retreats 43 years later. She, too, had often been the only Black poet in the room at such gatherings. When they began talking, they discovered that they both shared the same wish: to create a program specifically for Black poets.

Persons: Cornelius Eady, ’, it’s, Eady, Toi Derricotte, “, ” Derricotte, ” Eady, ‘ Organizations: Bread Loaf Locations: Vermont

☆ Goldman, JPMorgan and others crank up Nvidia price targets in wake of latest earnings
▼ + stars: | 2023-11-22 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

Several analysts hiked their price targets for the stock to show they expect greater upside ahead after the latest financials. Below, CNBC Pro compiled a list of major investment firms that raised their price targets following the Nvidia report, along with their key conclusions: Goldman Sachs Analyst Toshiya Hari raised the price target by $20 to $625. Morgan Stanley Analyst Joseph Moore added $3 to his price target, bringing it to $603. BMO Capital Markets Like JPMorgan, BMO analyst Ambrish Srivastava hiked his target price by $50 to $650. Bernstein Analyst Stacy Rasgon increased his target price by $25 to $700, equating to 40% upside over the coming year.

Persons: Jensen Huang, chalked, Goldman Sachs, Toshiya Hari, Harlan Sur, Morgan Stanley, Joseph Moore, Aaron Rakers, Vivek Arya, Timothy Arcuri, NVDA, Ambrish Srivastava, Grace Hopper, Ruben Roy, Bernstein, Stacy Rasgon, Vijay Rakesh yanked, 2024E, INTC's, William Stein, Michael Bloom Organizations: Nvidia, CNBC Pro, Center, Foundry Service, JPMorgan, NVIDIA, " Bank of America, NVDA, UBS, BMO, Markets, AMD Locations: China, Tuesday's, CY24, CY25

☆ Watch CNBC's full interview with Bernstein's Stacy Rasgon, Odyssey’s Jason Snipe and Virtus' Joe Terranova
▼ + stars: | 2023-11-21 | 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 EmailWatch CNBC's full interview with Bernstein's Stacy Rasgon, Odyssey’s Jason Snipe and Virtus' Joe TerranovaStacy Rasgon, Bernstein senior analyst, Jason Snipe, chief investment officer at Odyssey Capital Advisors, and Joe Terranova, Virtus Investment Partners chief market strategist, join 'Closing Bell' to discuss chip giant Nvidia ahead of the company's earnings report.

Persons: Bernstein's Stacy Rasgon, Jason Snipe, Joe Terranova Stacy Rasgon, Bernstein, Joe Terranova Organizations: Virtus, Odyssey Capital Advisors, Virtus Investment Partners

☆ Nvidia's numbers grew so big so fast investors wonder about sustainability, says Bernstein's Rasgon
▼ + stars: | 2023-11-21 | 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 EmailNvidia's numbers grew so big so fast investors wonder about sustainability, says Bernstein's RasgonStacy Rasgon, Bernstein senior analyst, and James Demmert, Main Street Research CIO, join 'Closing Bell Overtime' with reaction to Nvidia's Q3 results

Persons: Bernstein's Rasgon Stacy Rasgon, Bernstein, James Demmert Organizations: Street Research

☆ Nvidia earnings on deck: What you need to know
▼ + stars: | 2023-11-21 | 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 EmailNvidia earnings on deck: What you need to knowStacy Rasgon, Bernstein senior analyst, and Joe Terranova, Virtus Investment Partners chief market strategist, join 'Closing Bell' to discuss chip giant Nvidia ahead of the company's earnings report.

Persons: Stacy Rasgon, Bernstein, Joe Terranova Organizations: Virtus Investment Partners

But the real focus will be on whether widening U.S. curbs on sales of its high-end chips to China could hamper that run. The results will also be a major test for the AI-powered rally that has helped drive up the U.S. stock market this year, with the Philadelphia semiconductor index (.SOX) up nearly 50% in 2023. The Biden administration last month banned China sales of the H800 and A800 chips that Nvidia had created after previous curbs on exports to the country. Reuters GraphicsCHINA CHIPSBefore the latest China export curbs, demand for Nvidia's H800 chip, a slower version of its flagship AI chip, had outpaced rivals as it was better than the alternatives. "It's possible Nvidia's massive growth will make revenue from China less material over time," Morningstar analysts said.

Persons: Dado Ruvic, Kyle Rodda, Biden, Bernstein, Stacy Rasgon, Arsheeya Bajwa, Chavi Mehta, Devika Organizations: NVIDIA, REUTERS, Nvidia, Wall Street Journal, Reuters Graphics, LSEG, AMD, Web Services, Google, Microsoft, Oracle Cloud Infrastructure, Lambda, Morningstar, Thomson Locations: China, Philadelphia, Reuters Graphics CHINA, Bengaluru

‘A Beautiful Place That Has a Dragon’: Where Hurricane Risk Meets Booming GrowthThe hurricanes keep coming, and the people, too: The fastest-growing places along the Atlantic coast this century are also among the most hurricane-prone. And rising sea levels make storm surges more damaging and coastal flooding more frequent. And this booming coastal population is, by many accounts, a larger contributor to rising hurricane risks than climate change. When Gail Hart moved from Arizona to retire in Wilmington, N.C., in 2017, she hadn’t considered the hurricane risk. Still said, “where do you put 100,000 people?”The housing crunch is one of many tensions playing out between wealthy coastal communities and those who live nearby.

Persons: Matthew, Dorian, Isaias, Ian, “, ”, Kathie Dello, Gail Hart, hadn’t, ” Gail Hart, Del Webb, Hurricane Florence, Hart, “ There’s, Steven Still, Amanda Martin, North, Mr, Still, Jenny Brennan, David McIntire, McIntire, O’Leary, Ms, Water, O’Leary’s, Kevin Mishoe, Mishoe, Gina, Karen Willis Amspacher, Amspacher, “ It’s, It’s, she’s, Sharon Valentine, Hurricane Fran, Wilmington’s Del, Valentine, Leonard Bull Organizations: Hurricanes, Hurricane, First Street Foundation, Atlantic, National Flood Insurance, Southern Environmental Law Center, States, Brunswick, Myrtle, Association, Hurricane Florence, Down Locations: United States, Myrtle Beach, S.C, Wilmington, N.C, Carolinas, Florence, Carolina, Gulf, Louisiana, Florida, North Carolina’s, Kure Beach, Horry County, Brunswick County, Arizona, Tula, New Hanover County, U.S, It’s, North Carolina, Conway, Horry, Hurricane, Hurricane Florence, Bucksport, Carteret County, —, Banks, Stacy, Harkers, Fayetteville, Wilmington’s, Wilmington’s Del Webb

☆ Nvidia is a must own in the AI race, says Bernstein's Stacy Rasgon
▼ + stars: | 2023-11-13 | 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 EmailNvidia is a must own in the AI race, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein senior analyst, joins 'Closing Bell Overtime' to talk Nvidia's new AI chip, competition in the semiconductor space, Nvidia earnings and more.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein Organizations: Nvidia

Vu came into the tournament a mere three points behind another four-time winner, Celine Boutier, in the race for the points-based LPGA player of the year. Vu is now 27 points ahead going into the season-ending CME Group Tour Championship. All 60 players next week only have to win the CME Group Tour Championship to claim the $2 million prize. Vu is virtually a lock to win other awards as the LPGA's top player. Trying to win a tournament is stressful, but trying to keep your card is very, very stressful.”Patty Tavatanakit had some stress, too.

Persons: — Lilia Vu, Annika, Vu, Emily Kristine Pedersen, Celine Boutier, Boutier, Boutier's, Pedersen, Dane, Madelene Sagstrom, Stephanie Kyriacou, “, ” Kyriacou, Stacy Lewis, Alison Lee, Azahara Munoz, Munoz, “ I’ve, ” Munoz, Patty Tavatanakit, ___ Organizations: Pelican Golf, Globe, Chevron, UCLA, CME Globe Locations: Fla, Florida, Naples, Australia, American, Spain

☆ How Millions of Borrowers Got $127 Billion in Student Loans Canceled
▼ + stars: | 2023-11-11 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

When the Supreme Court struck down President Biden’s $400 billion plan to forgive up to $20,000 in federal student loan debt for 43 million borrowers, the prospect of substantive debt relief appeared to vanish. But then millions of borrowers received surprise notices that their federal student loans were being eliminated through other government relief programs. The Biden administration has wiped out loans totaling $127 billion for 3.6 million borrowers — the biggest wave of student debt cancellation since the government began backing educational loans more than 60 years ago. The Education Department is the largest lender for Americans who borrow for higher education, and 43 million borrowers currently owe the government $1.6 trillion. Here are the four largest programs being used to eliminate loan debts — and how five borrowers benefited from them.

Persons: Biden’s, Biden Organizations: The Education Department, Education Department, —

A Palestinian mourned the death of family members in Khan Younis in the southern Gaza Strip on Thursday. Photo: mahmud hams/Agence France-Presse/Getty ImagesIsraeli troops were advancing toward the heart of Gaza City, engaging in heavy gunbattles and ratcheting up pressure on neighborhoods that have become a refuge for tens of thousands of Palestinians. The Israeli military said Thursday it captured an area on the western side of the Jabalia refugee camp, north of Gaza City, after a 10-hour gunbattle with Hamas that unfolded in tunnels and on city streets that have become a wasteland. Israel troops fought amid destroyed buildings, backed up by tanks, and with armored bulldozers clearing a path through the rubble, pictures released by Israel Defense Forces showed. Weapons were captured and tunnel shafts uncovered, the Israeli military said

Persons: Khan Younis, mahmud Organizations: Agence France, Getty, Hamas, Israel Defense Forces Locations: Gaza, Gaza City, Israel

☆ Giannis Antetokounmpo takes courtside seat after being ejected for a controversial technical foul in Bucks win
▼ + stars: | 2023-11-09 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Milwaukee Bucks star Giannis Antetokounmpo was ejected from Wednesday’s 120-118 win over the Detroit Pistons for “two unsportsmanlike technical fouls,” before the ‘Greek Freak’ gave some fans quite the unique experience. He had received the initial technical foul in the first quarter for using profanity towards the referees. “And he was ejected from the game, per rule, because two unsportsmanlike technical fouls, you are ejected from the game.”The official National Basketball Association (NBA) rulebook says: “If a player blatantly taunts an opponent, a technical foul shall be assessed. The ejection also drew headlines given the NBA’s recent commitment to ensuring its star players are on the court as much as possible. Before his ejection, Antetokounmpo contributed 15 points, 10 rebounds, five assists and three blocks.

Persons: Giannis Antetokounmpo, ”, ’, Isaiah Stewart, Stewart, Antetokounmpo, GIANNIS, odney, ott Organizations: CNN, Milwaukee Bucks, Detroit Pistons, Pistons, ust Locations: Milwaukee

☆ Cyberattack Disrupts Mortgage Payments for Millions of Mr. Cooper Customers
▼ + stars: | 2023-11-07 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

Mr. Cooper, one of America’s largest nonbank mortgage loan servicers, suffered a cyberattack last week that disrupted loan payments and other transactions for millions of customers. The company, based in Coppell, Texas, said in a regulatory filing last week that it was attacked on Oct. 31. A notice on its website said Mr. Cooper “took immediate steps to lock down our systems” — which prevented customers from making online loan payments or gaining access to their account information. The company said Monday afternoon that it had restored its system for accepting online payments. The notice also pointed customers toward options for making payments by phone, mail, Western Union or MoneyGram.

Persons: Cooper, Cooper “, “ Mr, ” Organizations: Western Locations: Coppell , Texas, Western Union

☆ Consumer Bureau Seeks to Supervise Digital Payment Apps
▼ + stars: | 2023-11-07 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

The Consumer Financial Protection Bureau wants to extend its watchdog powers to cover digital wallets and payment apps run by companies like Apple, Google, PayPal and Block, which do not have traditional banking operations. The bureau proposed a rule on Tuesday that would subject large companies — those that process more than five million financial transactions per year — to the same supervisory examinations the bureau conducts on banks and credit unions. “Payment systems are critical infrastructure for our economy,” said Rohit Chopra, the bureau’s director. “Today’s rule would crack down on one avenue for regulatory arbitrage by ensuring large technology firms and other nonbank payments companies are subjected to appropriate oversight.”The proposed rule could take effect as soon as next year. One of the payment industry’s largest trade groups, the Electronic Transactions Association, had a fairly mild response to the proposal.

Persons: ”, Rohit Chopra, “ Organizations: Consumer Financial, Apple, Google, PayPal, Electronic Transactions Locations: United States

☆ Everything looks to be holding up 'for now', says Bernstein's Stacy Rasgon on NXP earnings
▼ + 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 EmailEverything looks to be holding up 'for now', says Bernstein's Stacy Rasgon on NXP earningsStacy Rasgon, Bernstein Senior Analyst, joins 'Closing Bell Overtime' to talk NXP Semi earnings and the semiconductor space-at-large.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon, Bernstein

Skinner is running for reelection to the City Council of Johns Creek, an Atlanta suburb of about 85,000. In 2020, they were pivotal in Democrat Joe Biden's close victory over Trump, the Republican incumbent, in the president election. “President Trump is obviously divisive,” said Skinner in a interview, insisting the endorsement “was about the veterans” rather than Trump himself. I don’t want to become Atlanta,” said Kramer, the Johns Creek Republican. Johns Creek is about 52% non-Hispanic white.

Persons: Stacy Skinner, “, Donald Trump, Skinner, ”, Devon Dabney, Betsy Kramer, “ I'm, ” Kramer, “ I’m, Democrat Joe Biden's, Brad Raffensperger, Brian Kemp, Trump, It’s, Sarah Reckhow, Dabney, ” Dabney, Johns, Kramer, I’m, Jason Miller, ” Miller, Allen Sells, “ I’ve, Miller, Sells, Bridget Thorne, She’s Organizations: Veterans, Trump, Republicans, City Council, Republican, Democrat, Republican Party, Georgia, Raffensperger, Michigan State University, Democratic, Civil Rights Movement, Johns, . Census, City Locations: China, Mexico, Johns Creek, Atlanta, Fulton County, Fulton, Georgia's, lockstep, Washington, Georgia, U.S, America, Johns, Black, Boston, ”, Roswell, “

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