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☆ S&P 500 and Nasdaq on pace to snap three-week win streaks
▼ + stars: | 2023-04-05 | 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 EmailS&P 500 and Nasdaq on pace to snap three-week win streaksDavid Harden, CEO and CIO of Summit Global Investments, and Jeff Hirsch, editor-in-chief of Stock Trader's Almanac, join CNBC's "The Exchange" to break down Wednesday's market action.

"They've done nothing but harass this guy," said Gregg Hough, chair of the Republican party in Belknap County, New Hampshire, predicting the prosecution will boost Trump support "to the moon" if it fails to deliver a convincing conviction. In a statement on Thursday, Trump called the indictment "Political Persecution and Election Interference at the highest level in history," without providing evidence. John Feehery, a Republican strategist, described the Manhattan case as "silly" compared to the other probes hanging over Trump's campaign. At a campaign rally in Waco, Texas on Saturday, Trump likened the criminal investigations against him to a "Stalinist Russia horror show." Trump remains the front-runner in the 2024 Republican field, with the support of 44% of Republicans in a March Reuters/Ipsos, ahead of DeSantis' 30% support.

☆ 3 tips on scaling your business during an economic downturn, according to a tech CEO
▼ + stars: | 2023-03-30 | by ( Matt Wursta | ) www.businessinsider.com time to read: +7 min

Matt Wursta is the founder and CEO of Wursta, a tech consultancy. I started Wursta, a tech consultancy, nearly 10 years ago, but as a business owner, I hadn't seen the market rise and fall so acutely until last year. Building a new business is by nature an uncertain endeavor, but unpredictable economic times can create the best environments for building a thriving business. Here are three tips for capitalizing on the downtimes to make the most for your business. Without sufficient cash (or cash alternatives) on hand, it becomes much more difficult to make the most of the opportunities that present themselves.

[1/2] The White House is seen from the top of the Washington Monument April 3, 2003. REUTERS/Molly RileyWASHINGTON, March 29 (Reuters) - The White House made an emotional plea on Wednesday for Republican action to curb mass shootings, criticizing conservative lawmakers for saying nothing can be done after the nation's latest high-profile mass shooting at a school in Tennessee this week. "It's unacceptable that Republicans are saying there is nothing that we can do," White House spokesperson Karine Jean-Pierre told reporters at a briefing on Wednesday. He told reporters this week he has done what he could through executive action but needs Congress to step up. Senator Marsha Blackburn of Tennessee, who has often been a harsh critic of his administration, according to the White House.

☆ Path of destruction: The devastating Mississippi tornado trail seen from above
▼ + stars: | 2023-03-27 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

A pickup truck sits on top of the wreckage of Chuck's Dairy Cafe in Rolling Fork, Mississippi, March 26. Tim and Tracy Harden, owners of Chuck's Dairy Barn in Rolling Fork, said in a Facebook post that they hid inside a small walk-in cooler one...moreA pickup truck sits on top of the wreckage of Chuck's Dairy Cafe in Rolling Fork, Mississippi, March 26. Tim and Tracy Harden, owners of Chuck's Dairy Barn in Rolling Fork, said in a Facebook post that they hid inside a small walk-in cooler one minute before the tornado demolished their building. "Forever grateful to the customer with the broken arm that kept going and freed us all from the cooler," they wrote. REUTERS/Cheney OrrClose

☆ NBA roundup: Warriors withstand Joel Embiid's 46-point game
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +7 min

[1/5] Mar 24, 2023; San Francisco, California, USA; Golden State Warriors guard Stephen Curry (30) dribbles the basketball against the Philadelphia 76ers in the fourth quarter at Chase Center. A 23-9 run in the first 5:59 out of the locker room quickly flipped the game in the Kings' favor. Booker finished with 32 points, 14 in the fourth quarter, and Ross' 30 points marked a season high. Italian rookie Simone Fontecchio led Utah with 26 points, while Kelly Olynyk chipped in with 16 points and seven rebounds. Haliburton and Myles Turner each scored 20 points to lead Indiana, which trailed by 29 in the fourth quarter.

Trump has denied having an affair with Daniels, whose legal name is Stephanie Clifford. "I think this will strengthen the resolve of his supporters," said Ford O'Connell, a Republican strategist who represented Trump in many media appearances during the 2020 presidential campaign. "It’s not good for Trump, the question is how bad for Trump it is," said Sabato. Trump has defied predictions of his demise numerous times since he launched his bid for the White House in 2015. Trump remains the front-runner in the 2024 Republican field, with the support of 44% of Republicans in a Reuters/Ipsos poll completed on Monday, ahead of DeSantis' 30% support.

☆ NBA roundup: Knicks' Julius Randle scores 57, Wolves still prevail
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +5 min

Mike Conley (24 points, 11 assists) had a double-double for the Timberwolves, who snapped a three-game losing streak. Bulls 109, 76ers 105 (2OT)Zach LaVine scored 26 points, DeMar DeRozan added 25 and Chicago outlasted host Philadelphia 76ers. Joel Embiid had 37 points, 16 rebounds and three blocked shots for the Sixers. Hornets 115, Pacers 109Kelly Oubre Jr. scored 28 points and Charlotte wiped out a 21-point first-half deficit to defeat visiting Indiana. Curry finished with 30 points, seven rebounds and five assists while Thompson added 29 points and seven rebounds.

☆ Americans see Trump investigation as political, but also believable -Reuters/Ipsos
▼ + stars: | 2023-03-21 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

REUTERS/Shannon StapletonWASHINGTON, March 21 (Reuters) - About half of Americans believe a New York investigation into whether Donald Trump paid hush money to a porn star is politically motivated, but a large majority find the allegations believable, a Reuters/Ipsos opinion poll found. Some 62% of respondents, including a third of Republicans, said it was also believable that Trump falsified business records and committed fraud. About nine in 10 respondents said they had heard about the Manhattan prosecutors' case against Trump, one of several probes dogging Trump. Some 54% of respondents - including 85% of Democrats and 21% of Republicans - said the accusation that Trump solicited election fraud was believable. The Reuters/Ipsos poll gathered responses from 1,003 adults nationwide, including 415 self-described Democrats and 383 Republicans.

Companies Morgan Stanley FollowMarch 15 (Reuters) - The top U.S. markets regulator on Wednesday proposed a suite of new policies designed to harden the financial system against hacking, data theft and systems failure. The three rule proposals together govern how broker-dealers address hacking incidents and protect consumer data, and how stock exchanges, transaction clearing houses and others deemed critical to national economic security gird themselves against system failure and cyber-intrusion. Broker-dealers, securities exchanges and others would also be required to maintain cybersecurity risk policies and notify the SEC "immediately" of "significant" incidents. Gensler, in prepared remarks, called the proposal "the first explicitly to address cybersecurity practices for the majority of these market entities." A similar proposal last year for investment firms called for confidential notice within 48 hours, drawing objections that this could hinder efforts to respond to hacking incidents quickly.

Companies Morgan Stanley FollowMarch 15 (Reuters) - The top U.S. markets regulator announced a package of proposed policies on Wednesday designed to harden the financial system against hacking, data theft and systems failure. Broker-dealers, securities exchanges and others would also be required to maintain cybersecurity risk policies and notify the SEC "immediately" of "significant" incidents. Gensler, in prepared remarks, called the proposal "the first explicitly to address cybersecurity practices for the majority of these market entities." A similar proposal last year for investment firms called for confidential notice within 48 hours, drawing objections that this could hinder efforts to respond to hacking incidents quickly. Reporting by Douglas Gillison; Editing by Leslie Adler and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ NBA roundup: Joel Embiid (42) guides Sixers past Pacers
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +5 min

[1/3] Mar 6, 2023; Indianapolis, Indiana, USA; Philadelphia 76ers center Joel Embiid (21) shoots the ball while Indiana Pacers center Myles Turner (33) defends in the second half at Gainbridge Fieldhouse. Tyrese Maxey made six 3-pointers and scored 24 points for Philadelphia, and James Harden contributed 14 points, 20 assists and nine rebounds. Boston got 32 points, 13 rebounds and nine assists from Jaylen Brown. Trail Blazers 110, Pistons 104Damian Lillard recorded 31 points, 13 rebounds and 12 assists as visiting Portland handed Detroit its eighth consecutive loss. Cory Joseph had 14 points, Jaden Ivey contributed 13 points and 13 assists and Alec Burks also scored 13 points.

☆ American-made cheese can still be called 'gruyère,' a court ruled, and cheese makers in France and Switzerland aren't happy
▼ + stars: | 2023-03-05 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

"Gruyère" can be used for cheeses produced in the United States, an appeals court ruled. It's a victory for dairy groups in the US, but cheese-makers in Switzerland and France aren't happy. Gruyère is a firm yellow cheese named after the town of Gruyères in Fribourg, Switzerland, where it originated. "Cheese consumers in the United States understand 'gruyère' to refer to a type of cheese, which renders the term generic." Krysta Harden, president of the US Dairy Export Council, called the ruling an "outstanding result for manufacturers and farmers here in the United States," per Reuters.

☆ NBA roundup: 76ers snuff Bucks' 16-game winning streak
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +6 min

Giannis Antetokounmpo led the Bucks with 34 points and 13 rebounds, Brook Lopez scored 26 points and Jrue Holiday added 26 points and 13 assists. Grayson Allen made six 3-pointers and finished with 20 points, all in the third quarter. Marvin Bagley III collected 20 points and 13 rebounds and Hamidou Diallo added 14 points for the Pistons. Jimmy Butler and Caleb Martin both scored 15 points, and Butler added 11 rebounds and seven assists. Houston, which received double-doubles from starters Alperen Sengun (16 points, 10 rebounds) and Kenyon Martin Jr. (14 points, 13 rebounds), will host the Spurs on Sunday.

Circuit Court of Appeals upheld a U.S. Patent and Trademark Office (USPTO) ruling that "gruyere" can legally be used to describe cheese regardless of where it was made. The USPTO rejected a bid by two groups representing cheese producers from Switzerland and France for a mark that would restrict the use of "gruyere" to cheese from Gruyère itself. Gruyere cheese, "widely considered among the greatest of all cheeses," was first made in the Swiss district of La Gruyère in 1115, the court said. Switzerland's Interprofession du Gruyère and France's Syndicat Interprofessionnel du Gruyère asked the USPTO in 2015 to certify that gruyere cheese only comes from the Gruyère region. Circuit Court of Appeals, No.

☆ US labor market stays resilient; Q4 labor costs revised higher
▼ + stars: | 2023-03-02 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Those worries were further heightened by another report from the Labor Department on Thursday showing labor costs grew much faster than previously estimated in the fourth quarter. The labor market remains tight despite rising risks of a recession, contributing to keeping inflation elevated via solid wage gains. But even using alternative seasonal adjustments, economists say the labor market still is exhibiting tightness. A second report from the Labor Department showed unit labor costs - the price of labor per single unit of output - grew at a 3.2% annualized rate last quarter. Labor costs accelerated at a 6.9% rate in the third quarter, and notched hefty gains in the prior two quarters.

☆ US labor market remains tight; Q4 labor costs revised higher
▼ + stars: | 2023-03-02 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

Those worries were further heightened by another report from the Labor Department on Thursday showing labor costs grew much faster than previously estimated in the fourth quarter. The labor market remains tight despite rising risks of a recession, contributing to keeping inflation elevated via solid wage gains. A second report from the Labor Department showed unit labor costs - the price of labor per single unit of output - increased at a 3.2% annualized rate last quarter. Labor costs rose at a 6.9% rate in the third quarter, and notched hefty gains in the prior two quarters. The unemployment rate at 3.4% in January was the lowest in more than 53 years.

☆ NBA roundup: Suns win in Kevin Durant's debut
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +7 min

Bucks 139, Magic 117Giannis Antetokounmpo collected 31 points, seven rebounds and six assists to fuel streaking Milwaukee's victory over visiting Orlando. Orlando's Cole Anthony scored a season-high 28 points off the bench and Markelle Fultz recorded 21 points, seven rebounds and five assists. Jalen Williams led Oklahoma City with 24 points and chipped in seven assists, while Josh Giddey added 22 points, 11 assists and nine rebounds. The 76ers, who snapped a two-game skid that included a home loss to the Heat, also got 23 points, seven rebounds and five assists from James Harden. Ja Morant had 20 points, seven rebounds and seven assists for Memphis, which led by as many as 28 and won its third straight.

☆ NBA roundup: Hornets win again, lose LaMelo Ball
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +3 min

Gordon Hayward added 19 points and Kelly Oubre Jr. joined ball with 18 points for Charlotte. Mark Williams provided 15 points and 11 rebounds. Heat 101, 76ers 99Jimmy Butler had 23 points, 11 rebounds, nine assists and four steals to help Miami edge host Philadelphia. Jayson Tatum, who entered Monday averaging 30.4 points per game, was limited to 14 points before he was ejected late in the fourth quarter. Moritz Wagner and Markelle Fultz added 14 points each and Wendell Carter Jr. had 11 points and 11 rebounds for Orlando, which began a three-game road trip by finishing a season series sweep against New Orleans.

☆ NBA roundup: Jayson Tatum sends Celtics past 76ers
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +6 min

Jaylen Brown led the Celtics with 26 points, Tatum added 18 points, 13 rebounds and six assists and Derrick White had 18 points. Gary Trent Jr. added 19 points for the Raptors, who have won four in a row for the first time this season. Tyrese Haliburton added 15 points and 14 assists, and Andrew Nembhard scored 13 points. LaMelo Ball had 19 points and 13 assists, Kelly Oubre Jr. and Dennis Smith Jr. both supplied 15 points and Terry Rozier finished with 14 points. Bam Adebayo had 14 points and Kevin Love posted 13 points and 13 rebounds for the Heat, who shot 40 percent from the field.

☆ NBA roundup: Malik Beasley leads revamped Lakers to win
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +8 min

Anthony Davis scored 12 points with 12 rebounds for Los Angeles. Klay Thompson scored 22 points and Ty Jerome added 20 for the Warriors, who were without Stephen Curry (leg) and Andrew Wiggins (personal). Evan Mobley had 31 points and nine rebounds, Donovan Mitchell and Darius Garland scored 22 points each, and Jarrett Allen had 14 points and 13 rebounds for the Cavaliers. Tatum had 31 points, 12 rebounds and seven assists. Anunoby returned from a wrist injury to score 12 points, but Toronto was without Fred VanVleet (personal).

☆ DOJ, Commerce Department announce strike force to harden supply chains
▼ + stars: | 2023-02-16 | 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 EmailDOJ, Commerce Department announce strike force to harden supply chainsCNBC's Eamon Javers joins 'Squawk Box' to report on the House Judiciary Committee's investigation into big tech's political bias, the Department of Justice alleging Apple abuses its monopoly power, and a new initiative to detect intellectual property infringements.

☆ NBA roundup: Jayson Tatum's big 2nd half leads Celtics past Pistons
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +7 min

Tatum had 24 points, including six 3-pointers, in the third quarter -- the most points he's scored in one quarter during his NBA career. Jalen Green scored 14 points before exiting in the second quarter due to a groin strain. Bane added 24 points and six rebounds, while Ja Morant tallied 20 points, nine assists and eight rebounds. Utah's Kelly Olynyk had a double-double in the first half, and he wound up with 28 points, 14 rebounds and six assists. Jordan Clarkson added 20 points, nine rebounds and six assists, while Walker Kessler logged 10 points and 14 rebounds.

☆ NBA All-Star Saturday: Damian Lillard tops 3-Point Contest field
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

[1/3] Feb 13, 2023; Portland, Oregon, USA; Portland Trail Blazers guard Damian Lillard (0) stands with teammates during the singing of the national anthem before a game against the Los Angeles Lakers at Moda Center. / Troy Wayrynen-USA TODAY SportsFebruary 15 - Portland Trail Blazers guard Damian Lillard, who has hit the sixth-most 3-point shots in NBA history, will take part in the 3-Point Contest as part of All-Star Saturday Night this week in Salt Lake City. Also competing in the 3-point event will be Miami Heat guard Tyler Herro, Portland Trail Blazers guard Anfernee Simons and Sacramento Kings swingman Kevin Huerter. Curry won the 3-Point Contest in 2015 and 2021, and Allen won it in 2001. The Slam Dunk Contest will include one player, Mac McClung, who hasn't appeared in an NBA game this season.

☆ Home prices may harden in the spring, says Black Knight's Andy Walden
▼ + stars: | 2023-02-13 | 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 EmailHome prices may harden in the spring, says Black Knight's Andy WaldenAndy Walden, Black Knight, joins 'The Exchange' to discuss rising rates and their impact on the housing market heading into the spring.

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