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☆ Italian Authorities Open Manslaughter Investigation in Yacht Disaster
▼ + stars: | 2024-08-24 | by ( Emma Bubola | Jeffrey Gettleman | ) www.nytimes.com time to read: 1 min

Italian authorities said on Saturday that they had opened a manslaughter investigation into the sinking of the Bayesian luxury yacht, but that they had not yet zeroed in on any potential suspects. On Saturday, Ambrogio Cartosio, the prosecutor in charge of the case, said at a news conference that it was “plausible” crimes were committed during the accident. “There could be responsibilities of the captain only,” he said. There could be responsibilities of the boat makers. Or there could be responsibilities of those who were in charge of surveilling the boat.”

Persons: Michael Lynch, Hannah, Ambrogio Cartosio, ” Locations: British

☆ Nonfarm payroll growth revised down by 818,000, Labor Department says
▼ + stars: | 2024-08-21 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. Wall Street had been waiting for the revisions numbers, with many economists expecting a sizeable reduction in the originally reported figures. "The labor market appears weaker than originally reported," said Jeffrey Roach, chief economist at LPL Financial. "A deteriorating labor market will allow the Fed to highlight both sides of the dual mandate and investors should expect the Fed to prepare markets for a cut at the September meeting." Nonfarm payroll jobs totaled 158.7 million through July, an increase of 1.6% from the same month in 2023.

Persons: Jeffrey Roach, Jared Bernstein, Goldman Sachs, Jerome Powell Organizations: Labor Department, of Labor Statistics, BLS, Federal Reserve, LPL, Goldman Locations: U.S, Jackson Hole , Wyoming

☆ Read the college essay a Harvard grad wrote about McDonald's that landed him offers from Harvard, Yale, and Princeton
▼ + stars: | 2024-08-21 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

Read previewWhen Jeffrey Wang was a high-school senior in Connecticut in 2014, he wasn't sure what to write about for his college application essay. AdvertisementHe wanted to show his personalityHe read Harry Bauld's book, 'On Writing the College Application Essay,' which made him realize college admissions officers wouldn't have time to read each essay diligently. Authenticity is keyThe essay summarizes how Wang discovered his local McDonald's was an ideal place to study and meditate. AdvertisementHe got into Yale, Harvard, and PrincetonGrowing up, Wang dreamed of attending Yale in his home state of Connecticut. AdvertisementDo you have a college admissions success story?

Persons: —, Jeffrey Wang, he'd, Wang, Harry Bauld's, wouldn't, they're, they'd, you'll, Ella Hopkins Organizations: Service, Business, Yale, Harvard, Princeton, Duke, MIT Locations: Connecticut, Cheshire , CT, McDonald's, San Francisco, ehopkins

☆ Disney told a man he couldn't take it to court over his wife's death at one of its parks because he once had a Disney+ trial. Now it's backing down.
▼ + stars: | 2024-08-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Kanokporn Tangsuan, a 42-year-old doctor in New York, died in October 2023 from anaphylaxis after eating at a restaurant at Disney Springs at Walt Disney World in Orlando, according to the lawsuit. Walt Disney World's Disney Springs is home to a number of shops, restaurants, and attractions. This includes "any related disputes involving The Walt Disney Company, its subsidiaries, or its affiliates," the terms say. Piccolo agreed to the terms again when he logged into his Disney account to book tickets for Walt Disney World's Epcot park, Disney said. "Whether Piccolo actually reviewed the Disney Terms is also immaterial," the company's lawyers wrote.

Persons: —, Disney, Kanokporn, Walt Disney, Jeffrey Greenberg, Jeffrey Piccolo, Piccolo, Walt, Kanokporn Tangsuan, Josh D'Amaro, we've Organizations: Service, Disney, Disney Springs, Walt Disney, Business, Getty, Irish Pubs, Walt Disney Company, CNN Locations: Florida, New York, Orlando, Raglan, Irish Pubs Florida, Kanokporn

☆ Disney wants wrongful death suit thrown out because widower bought an Epcot ticket and had Disney+
▼ + stars: | 2024-08-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —A man suing Walt Disney Parks and Resorts for the wrongful death of his wife is facing a new legal hurdle: Disney is trying to get it dismissed and sent to arbitration — because he signed up for Disney+ years earlier. Company lawyers also claim that because Piccolo used the Walt Disney Parks’ website to buy Epcot Center tickets, Disney is shielded from a lawsuit from the estate of Piccolo’s deceased wife, Kanokporn Tangsuan, who died of a reaction to severe food allergies. In October 2023, Kanokporn Tangsuan, her husband Jeffrey Piccolo and Piccolo’s mother dined at Raglan Road Irish Pub in Disney Springs, which is part of the Walt Disney World resort in Florida. Signing up for Disney+ should shield the company from court trials, Disney said. Gabby Jones/Bloomberg/Getty Images/FileThe waiter guaranteed the couple that certain foods could be made allergen-free, which the two confirmed “several more times,” according to the lawsuit.

Persons: Jeffrey Piccolo, Piccolo, Piccolo’s, Kanokporn Tangsuan, Brian Denney, ”, ” Denney, Disney didn’t, Gabby Jones, Tangsuan, “, –, Maruf, Maria Sole Campinoti Organizations: New, New York CNN, Walt Disney Parks and Resorts, Disney, Company, Walt Disney Parks, Epcot, ” Walt Disney Parks, Walt Disney, Bloomberg, Getty Locations: New York, Disney Springs, Florida

☆ Incoming CEO Niccol needs to focus on operations at Starbucks first, says Barclays' Bernstein
▼ + stars: | 2024-08-13 | 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 EmailIncoming CEO Niccol needs to focus on operations at Starbucks first, says Barclays' BernsteinJeffrey Bernstein, Barclays senior restaurant analyst, joins 'Closing Bell Overtime' to talk what's. next for Chipotle as CEO Niccol moves on to Starbucks.

Persons: Bernstein Jeffrey Bernstein, Niccol Organizations: Starbucks, Barclays

Ms. Harris dropped in on each one, in descending order of price and intimacy, as donors enjoyed peach mimosas and shrimp cocktails before her remarks in the grand ballroom. The Harris campaign is immediately being more intentional at courting this community, dispatching aides to meet with affinity groups representing venture capitalists and the cryptocurrency industry. And she has hired additional fund-raising aides with ties to the Bay Area who helped organize Sunday’s event. Ms. Harris also has connections that Mr. Biden simply does not. Josh Becker, who represents much of Silicon Valley in the California Senate and is close with many industry heavyweights, said he had hosted Ms. Harris in his home two decades ago.

Persons: Joe Biden, Kamala Harris, Biden, Harris’s, givers, Harris, ”, “ Harris Walz ”, Donald J, Trump, podcaster David Sacks, Sacks, Sheryl Sandberg, Laurene Powell Jobs, Steve Jobs, Josh Becker, Becker, ” Mr, Jason Henry, Nancy Pelosi, Jeffrey Katzenberg, Tom Steyer, Liz Simons, John Doerr, Reid Hoffman, Steve Westly, Getty, scions, Westly, Harris “, Eleni Kounalakis, —, ” Lateefah Simon, “ Kamala Harris, Simon, “ She’s, Ms, Ron Conway, Steve Spinner, Barack Obama’s, Hopkins, Mr, Spinner Organizations: Sunday, Obama, Bay Area, Facebook, Apple, San, California Senate, The New York Times, Biden, Area, InterContinental Locations: San Francisco, Nob, Woodside, Menlo, California, Pacific Heights, Silicon Valley, Versailles, Bay

☆ Trump spent the weekend flying around America on a plane previously owned by Jeffrey Epstein
▼ + stars: | 2024-08-12 | by ( Jacob Shamsian | Graham Rapier | ) www.businessinsider.com time to read: +6 min

Read previewDonald Trump took several trips over the weekend on a private jet once owned by Jeffrey Epstein. That Gulfstream jet also once carried Jeffrey Epstein, who used the tail number N212JE while he owned it, up until his death in 2019. AdvertisementAccording to public flight records, the Gulfstream jet flew on Friday afternoon from Ontario International Airport in Canada to an airport in Bozeman. It's unclear whether Trump or anyone on his campaign knew the plane was once owned by Epstein. Epstein owned at least five different private planes before his death.

Persons: —, Donald Trump, Jeffrey Epstein, Jackson, Epstein, Trump hasn't, Mitch Williamson, Trump, didn't, James L, Williamson, Anna Moneymaker, Prince Andrew, Bill Clinton, Kevin Spacey, Naomi Campbell, Marla Maples, Eric, Tiffany Trump Organizations: Service, Gulfstream, Trump, Trump Force, Business, Federal Aviation Administration, JetBlue, International Air Transport Agency, FAA, Boeing, Gulfstream G550, US, Ontario International Airport, Gulfstream GV, Frontier Enterprises, Republican, Federal, Commission, Miami Herald, N550GP, Aviation Group, Aviation, Hawker Siddeley HS, British Aerospace, Daily Mail, Trump Organization, Records Locations: Aspen, Paris, New, Teterboro, WN, Billings , Montana, Bozeman, Canada, Wyoming, Colorado, Ontario, Manhattan, Palm, California, Palm Beach and New York City

At least one person was killed and two were injured after a house in Maryland exploded Sunday morning, according to the Harford County Fire and EMS Association. Video and pictures from the scene show that the house was completely destroyed and left piles of debris in the surrounding area. There were around 60 personnel from multiple fire and emergency service agencies on scene to assist with the explosion, Sexton said. The Harford County Sheriff’s Office and the Bureau of Alcohol, Tobacco, Firearms and Explosives are also helping with the investigation. “Currently, it is still a very active search and rescue scene,” Alkire said.

Persons: Oliver Alkire, Jeffrey Sexton, I’ve, ” Alkire, Sexton, It’s, “, Alkire, Lisa Czawlytko, ” Czawlytko Organizations: Fire, EMS Association, Baltimore Gas and Electric Company, Sheriff’s, Alcohol, Tobacco, Firearms, Explosives, ”, NBC Locations: Maryland, Harford, Harford County

☆ Elon Musk said former X advertisers may have violated the RICO Act. Here's what a RICO attorney thinks about that.
▼ + stars: | 2024-08-11 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Then, in an X post, Musk encouraged companies that have been "systematically boycotted by advertisers" to sue, claiming there could be "criminal liability via the RICO Act." AdvertisementJeffrey Grell, an attorney specializing in RICO, told Business Insider that RICO only deals with unlawful acts and that isn't the case here. "I think that Musk is trying to get some PR mileage out of RICO without actually filing a RICO claim here," Grell said. "If his lawyers thought that he had a civil RICO claim, they more than likely would've brought it in the claim that they filed." Similarly, Grell said advertisers could see competitors pull advertising from Musk's X and think, "'I'm going to get off Twitter.

Persons: —, Elon, Musk's X, Musk, Racketeer, Jeffrey Grell, wouldn't, Grell, didn't, Ørsted, GARM Organizations: Service, Business, Global Alliance, Responsible Media, World Federation, CVS Health, Unilever, Mars, Twitter

☆ Florida man who attacked a postal carrier in a hijab gets 3 years in federal prison
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

Postal Service carrier was sentenced Friday to three years in federal prison. “No one should live in fear of being targeted because of their religious beliefs,” First Assistant U.S. Attorney Michael Davis said said in the attorney’s office statement. The carrier, identified only as a 47-year-old woman of Muslim faith, took note, prosecutors and investigators said in the criminal complaint filed against Pinkney. "Go back to your country," the defendant allegedly told the carrier, according to the U.S. attorney's statement on Friday. She got inside the truck, where Pinkney grabbed her neck and, after a struggle, pulled off her hijab, the U.S. attorney's office said.

Persons: Kenneth Pinkney, “, ”, Michael Davis, Prosecutors, Pinkney, Jeffrey B, Veltri Organizations: U.S . Postal Service, Attorney's, Southern, Southern District of, Prosecutors, FBI Locations: Florida, U.S, Fort Lauderdale, Southern District, Southern District of Florida, Broward County, Israel, FBI Miami

☆ What to watch at Olympics today: Women’s soccer, men’s hoops — and 37 other gold medal events
▼ + stars: | 2024-08-10 | by ( Lukas Weese | ) www.nytimes.com time to read: +7 min

Sophia Smith scored in extra time against Germany in the semifinals to advance to the gold medal match. A win would clinch their fifth Olympic gold medal. Bercy Arena in Paris will be loud as the home crowd looks to push France to its first gold medal. The men’s 800m, women’s javelin, women’s 100m hurdles, men’s 5000m and women’s 1500m are the other events to cap off the Paris athletics competition. #ParisOlympics 📺 NBC & Peacock pic.twitter.com/ZM6qaYCQOw — NBC Olympics & Paralympics (@NBCOlympics) August 9, 2024Sha’Carri Richardson has her gold medal.

Persons: USWNT, Trinity Rodman, Emma Hayes, Sophia Smith, Hayes ’, Rodman, Smith, Mallory Swanson —, Mallory Swanson, Sophia Smith & Trinity Rodman, @teamusa @USWNT, It’s, Marta, Stephen Curry, LeBron James, Steph Curry, Guerschon Yabusele, Isaia Cordinier, Victor Wembanyama, Joel Embiid, Les, Embiid, Gianmarco, Patrick Smith, Sydney McLaughlin, she’s, Quincy Wilson, Quincy Hall, Mutaz Barshim, Victor Montalvo, Victor, ”, Houston’s Jeffrey Louis, “, Jeffro, Louis, Lydia Ko, Pierre, Philippe Marcou, United States ’ Rose Zhang, Miyu Yamashita, Metraux, Nelly Korda, Zhang, SHA’CARRI RICHARDSON Organizations: Paris Olympics, Stade de France, NBC, Telemundo, women’s, Trinity, Japan, Germany, Brazil, Sophia Smith &, France, Bercy, U.S, NBA, Quincy, Olympic, Paris, Florida, Getty, Le, United, Team Locations: U.S, Paris, Brazil, United States, France, Serbia, Qatar, Italy, Tokyo, American, AFP

Hong Kong CNN —Presumptive Democratic presidential nominee Kamala Harris’ running mate has a decades-long connection with China. “I remember waking up and seeing the news on June 4 that the unthinkable had happened,” Walz told Voice of America in an interview in 2014. The newlyweds spent their honeymoon taking students on two-week tours in China for sightseeing and classes on culture, education and history. In Chinese nationalist circles, which have an outsized voice on policy debates in China, there are no rosy illusions about Walz. The hashtag “Harris’ VP pick once taught in China” racked up 15 million views on microblogging site Weibo.

Persons: Hong Kong CNN —, Kamala Harris ’, Tim Walz, Walz, ”, Dalai Lama, Joshua Wong, Shen Dingli, ” Shen, ’ Walz, “, Mao Zedong, Deng Xiaoping, ” Walz, Gwen, Cara Roemhildt, ” Roemhildt, Jeff Widener, ’ ”, Liu Dongshu, Liu Xiaobo, Lobsang Sangay, ” Tim Walz, X, Hong Kong’s, Wong, ” Jeffrey Ngo, “ Walz, ” Ngo, ” Shen Yi, “ We’re, ” Stephen Roach, Morgan Stanley Asia, Harris, Eric Fish, Hong Kong's, Joshua Wang, George H, Bush, Bush’s, there’s, Liu, “ Harris, China ”, –, Xi Jinping, “ Heh, I’ve, they’re Organizations: Hong Kong CNN, Democratic, United States ’, Republican, Communist Party, Star, Herald, CNN, Harvard University, Paramount, America, “, of, People, Associated, Congressional, Commission, City University of Hong, Hong, Hong Kong Human Rights, Democracy, White Locations: Hong Kong, China, Beijing, Minnesota, Tiananmen, Nebraska, Shanghai, Foshan, Guangdong, America, Congress, City University of Hong Kong, Tibet, Dalai, Washington, “, South China, Weibo

☆ Gen Z convinced me to buy trendy ballet flats. They never left my closet.
▼ + stars: | 2024-08-07 | by ( Amanda Krause | ) www.businessinsider.com time to read: +6 min

Read previewI scrolled through designer websites, searching for the perfect ballet flats. I lusted over a $1,170 pair of slippers from Miu Miu but couldn't justify the purchase for obvious reasons. I dreamed of these expensive Miu Miu shoes before settling on a pair from Target. I loved my ballet flats when I styled them, but did I need to own them in the first place? Making the most of my purchaseI'm unsure how much longer ballet flats will be considered chic.

Persons: —, Miu Miu, Sam Edelman's, I'd, pang, Jeremy Moeller, Paris Hilton, Rihanna, Hilton, Kim Kardashian, Jeffrey Campbell's Lita, Miu Miu's, Gen Zers, TikTok, chunky Mary Janes, Amanda Krause, Carolyn Mair, Gen Z, There's, Mair, Lita, " Mair Organizations: Service, Target, Business, Getty, Footwear News, Paris, PhotoNews, Inc, Converse Locations: Lyst

☆ The Fed is unlikely to implement an emergency rate cut, strategist says
▼ + stars: | 2024-08-06 | 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 EmailThe Fed is unlikely to implement an emergency rate cut, strategist saysJeffrey Kleintop, chief investment strategist at Charles Schwab, says there may be a "triple perfect storm for the market" but it's still not an environment in which the U.S. Federal Reserve would be likely to hold an emergency meeting to cut interest rates.

Persons: Jeffrey Kleintop, Charles Schwab Organizations: U.S . Federal

☆ Breaking is making its Olympics debut in Paris. Just don’t call it breakdancing
▼ + stars: | 2024-08-06 | by ( Faith Karimi | ) edition.cnn.com time to read: +11 min

It might seem more like an artform than a sport, but breakdancing — known professionally as breaking — is making its Olympics debut this month in Paris. The Olympics adopted the same name to honor its culture and history and preserve its authenticity, Nifontov said. As breaking makes its Olympics debut, Cooper said a part of him fears it will lose some of the cultural qualities that make it a unique artform. Breaking events are scored on five factorsLike gymnastics or figure skating, breaking competitions are scored by a panel of judges. She eventually left her job at a global cosmetics company to focus on breaking and lives in New York City, where she trains.

Persons: breakdancing, Victor Montalvo, Victor, who’s, Michael Jordan, “, ” Montalvo, ”, Sergey Nifontov, James Brown, Richard Laird, Nifontov, Richard M, Cooper, ” Cooper, we’re, Brown, ” Nifontov, Robert Deutsch, Zack Slusser, Montalvo, Logan Edra, Yves Herman, it’s, …, Sunny Choi, Andrew Kelly, Jeffrey Louis, Jeffro, Louis, ” Louis, I’ll, ” Choi, I’ve, ” CNN’s Gonzalo Alvarado Organizations: CNN, CNN En Espanol, New York City, DanceSport Federation, New York City's, American Studies, Widener University, Olympics, USOC Media Summit, Paris, USA, Sports, Reuters, International Olympic, Olympic, USA’s, Team USA, University of Pennsylvania Locations: Paris, New York, China, France, Japan, Netherlands, South Korea, Ukraine, Kazakhstan, United States, New, Chester , Pennsylvania, Africa, Hollywood, Argentina, Leuven, Belgium, Mexico, New York City, Florida

☆ A couples therapist says she can predict your relationship problems with a 30-question quiz
▼ + stars: | 2024-08-05 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

To help her clients, Lev incorporates schema therapy, which involves each partner learning about how their core beliefs. She said she can predict what a couple's arguments are before she even meets them 90% of the time. Advertisement"When we look at what people believe, it tells us about how they behave," Lev told Business Insider. Learning about your schemas can not only solve problems with your partner but also help you become more vulnerable or assertive. It's to help people move closer to emotional maturity — or recognize when a relationship just isn't good for them.

Persons: —, they're, Avigail Lev, Lev, Jeffrey E, Young, she's, didn't, engulfment, we'd Organizations: Service, Business Locations: San Francisco

Some of them were alums of Project Veritas, the conservative group known for elaborate sting operations targeting liberal organizations, journalists and unions. The man at the center of the fracas was Michael Spadone, a former Project Veritas field director. In that role he oversaw staffers who used hidden cameras to embarrass people Project Veritas targeted. James O’Keefe, the Project Veritas founder, was ousted from the nonprofit last year. Before Spadone left Project Veritas, he was the subject of a sexual harassment lawsuit filed by a former administrative assistant.

Persons: Michael Spadone, Spadone, “, ” Spadone, they’d, ”, It’s, James O’Keefe, Jeffrey Lichtman, didn’t, Zachary Glaza, Antonietta Zappier, Amer Zahr, Zahr shrugged, surveil, profanities, you’re, —, You’re, “ You’re, Uber, I’m, ’ ”, they’re Organizations: Veritas, NBC News, Project Veritas, Dearborn Police Department, Local, People’s Conference, Palestine, Henry, NBC Locations: Michigan, Dearborn, America, Palestinian American, American, we’re, Detroit

☆ Forget Ozempic — an under-the-radar antiaging supplement is the next hot commodity in Hollywood
▼ + stars: | 2024-08-02 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

She was talking about NAD+ boosters — the antiaging elixirs that have joined the ranks of Ozempic and Botox as staples of elite wellness routines. Even the military is testing out NAD boosters, hoping they might someday rejuvenate soldiers on the battlefield. "NAD coenzymes are the central catalysts of all living things," Charles Brenner, a biochemist who studies NAD, told Business Insider. AdvertisementTo boost NAD, don't take NADThere is a plethora of various powders, pills, and IV drips all promising to boost NAD. How to boost your NAD without an IV dripChicken, fish, and edamame all help boost our NAD levels.

Persons: —, I'm, Hailey Bieber, Joe Rogan, Stephane Cardinale, Charles Brenner, Robert Fried, Brenner, Fried, Dr, Sabine Donnai, She's, Shin, ichiro Imai, Louis who's, nicotinamide, Jeffrey Coolidge, pricey, Donnai, We're, Kourtney Kardashian, Arturo Holmes, Shalender Bhasin, hasn't Organizations: Service, Ozempic, Business, Hollywood, US Food and Drug Administration, Images Nutrition, Washington University School of Medicine, NAM, Brigham, Women's Hospital Locations: London, St, Boston

☆ How Xs and Cs spotted in the ionosphere could disrupt life on Earth
▼ + stars: | 2024-08-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +13 min

Earth’s electric and magnetic fields and gravity cause charged particles in the ionosphere to flow away from Earth’s magnetic equator. Typically, plasma bubbles are long and straight because they form along Earth’s magnetic field lines. GOLD observations captured C-shaped and reverse C-shaped plasma bubbles close together in the ionosphere on October 12, 2020, and December 26, 2021. So far, GOLD has only observed two instances of the close pairings, but the C-shaped bubbles have the potential to disrupt communications. “Due to such wide view and continuous measurements, GOLD has allowed us to observe these mysteries within the ionosphere,” Karan said.

Persons: Jeffrey Klenzing, “, it’s, ”, NASA SVS, Fazlul Laskar, —, Laskar, ” Klenzing, Karan et, Deepak Karan, Karan, ” Karan, John Deere, Tim Marquis, ” Laskar Organizations: CNN, International Space Station, NASA SVS, Goddard Space Flight, NASA, of Geophysical Research, University of Colorado’s Laboratory, Atmospheric Locations: Tonga, Greenbelt , Maryland, Baltimore, Boston

☆ Here’s where Jeffrey Gundlach says investors can find attractive yields in preparation for Fed rate cuts
▼ + stars: | 2024-08-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Central bank policymakers have kept their target interest rate at 5.25% to 5.5% for the past year, creating a yield bonanza for investors in money market funds, certificates of deposit and Treasury bills. Gundlach, speaking on CNBC's " Closing Bell " on Wednesday, said he sees the Fed enacting as much as 150 basis points worth of rate cuts in the next year, or 1.5 percentage points, which would lower the fed funds rate to 3.75% to 4.00%. As interest rates come down, cash, short-dated instruments and floating-rate debt will also see lower yields, translating to less income for investors, he added. In lieu of those bank loans, investors may want to consider migrating toward BB-rated, fixed-rate high yield bonds — high-yield issues, he said. State Street offers the SPDR Portfolio High Yield Bond ETF (SPHY) .

Persons: Jeffrey Gundlach, Jerome Powell, Gundlach Organizations: Federal, BB, Corporate Bond, SEC, State Street, Investors Locations: Central

CNN —Alleged Sinaloa cartel cofounder Ismael “El Mayo” Zambada appeared Thursday in federal court in Texas for his latest hearing since his arrest a week ago in an intrigue-packed case centered on one of the world’s most powerful and deadly drug trafficking organizations. He was arrested the prior day in El Paso alongside Joaquín Guzmán López, the 38-year-old son of infamous cartel boss and founder Joaquin “El Chapo” Guzman. The scene outside the courthouse in El Paso showed a heavy security presence, with federal agents and bomb-sniffing dogs patrolling the perimeter. Attorney Jeffrey Lichtman’s assertion raised new questions about why Guzmán López flew to Texas if he had no cooperation agreement with American authorities. “Joaquín Guzmán López forcibly kidnapped my client,” attorney Frank Pérez said in a statement.

Persons: Ismael “ El, Ismael “ El Mayo ” Zambada, Zambada, Joaquín Guzmán López, Joaquin “ El Chapo ” Guzman, –, Anne Milgram, Guzmán López, Jeffrey Lichtman’s, “, Frank Pérez, Christopher Wray, “ Zambada Garcia, Ismael, El, Jose Luis Gonzalez, he’s, El Chapo, boss’s, Oseguera, Zambada’s, that’s, Guzmán, El Chapo’s, CNN’s Eric Levenson, Emma Tucker, Polo Sandoval, Evan Perez, Nicole Chavez, Cheri Mossburg, Christina Zdanowicz Organizations: CNN, Ismael “ El Mayo, US, DC, US Justice Department, Justice Department, Drug, US State Department, ” Police, Reuters, of, Zambada, Jalisco New, –, Congressional Research Service Locations: Sinaloa, Texas, El Paso, New York , California , Texas , Illinois, Washington, United States, Mexico, Chicago, Joaquín, Illinois, El Mayo, Eastern, of New York, Jalisco, Zambada

☆ The deadliest V-22 crash in Air Force history caused by 'catastrophic' gearbox failure and crew's 'lack of urgency,' a probe found
▼ + stars: | 2024-08-01 | by ( Konstantin Toropin | Thomas Novelly | ) www.businessinsider.com time to read: +8 min

An infographic details the crash location of the US military V-22 Osprey aircraft near Japan's Yakushima island. Debris believed to be from a US military Osprey aircraft is seen in waters off the coast of Yakushima Island. Members of the Japanese Navy look through binoculars during a search operation after the CV-22 Osprey crash. The Air Force, alongside the other military services that fly the Osprey, grounded their V-22s shortly after the crash. The service said last month that only a handful of its aircraft were flying at Cannon Air Force Base in New Mexico.

Persons: —, Military.com, Michael Conley, Conley, didn't, It's, …, Jeffrey T, Eric V, Luke A, Terrell K, Zachary E, Jake M, Brian K, Johnson, Jake Galliher, Spendlove, Adm, Carl Chebi, Chebi, " Conley, we're Organizations: Service, Air Force, Business, Ospreys, Getty, Air Force Special Operations Command, NBC, Osprey, Japan Coast Guard, AP, Ministry of Defense, Tech, Staff, Pentagon, Cannon Air Force Base, The Air Force, Naval Air Systems Command Locations: Japan, Anadolu, Yakushima, Yakushima Island, New Mexico

☆ Fed should've cut today, says DoubleLine's Jeffrey Gundlach
▼ + stars: | 2024-07-31 | 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 EmailFed should've cut today, says DoubleLine's Jeffrey GundlachJeffrey Gundlach, DoubleLine Capital CEO, joins 'Closing Bell' to discuss the Fed rate decision and Chair Powell's dovish comments.

Persons: DoubleLine's Jeffrey Gundlach Jeffrey Gundlach, Powell's Organizations: DoubleLine

☆ DoubleLine's Jeffrey Gundlach: There's a lot of room for the Fed to cut short-term interest rates
▼ + stars: | 2024-07-31 | 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 EmailDoubleLine's Jeffrey Gundlach: There's a lot of room for the Fed to cut short-term interest ratesJeffrey Gundlach, DoubleLine Capital CEO, joins 'Closing Bell' to discuss the Fed rate decision and Chair Powell's dovish comments.

Persons: DoubleLine's Jeffrey Gundlach, Jeffrey Gundlach, Powell's Organizations: Fed, DoubleLine

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