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☆ Economy will slow to a growth rate of 0-1% over the course of Q2-Q3, says Dana Peterson
▼ + stars: | 2024-03-04 | 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 EmailEconomy will slow to a growth rate of 0-1% over the course of Q2-Q3, says Dana PetersonDana Peterson, The Conference Board chief economist, and Nathan Thooft, Manulife Investment Management CIO and senior portfolio manager, join 'Squawk Box' to discuss the state of the economy, the Fed's interest rate decision, inflation outlook, and more.

Persons: Dana Peterson Dana Peterson, Nathan Thooft Organizations: The Conference Board, Manulife Investment

☆ '2024 will be the year of the zombie VC reckoning.' The first wave of walking-dead venture firms is here and it's already causing headaches for tech founders.
▼ + stars: | 2024-03-04 | by ( Ben Bergman | ) www.businessinsider.com time to read: +10 min

Unlike other businesses, venture firms do not suddenly go out of business. Limited partners such as pensions and endowments that fund venture firms have been choosier, cutting off capital to firms that have not generated acceptable returns. Why it is so difficult to spot a dying fundOpenView Venture Partners announced in December that it was suspending new investments and laying off staff. In a written statement, he later explained that Sinai Ventures has been rebranded to Sinai Capital Partners. Do you know of a venture firm no longer actively investing?

Persons: VCs, Anna Barber, they'll, they're, Roy Bahat, Brian Brackeen, Brackeen, they're reallocating, Beezer Clarkson, Clarkson, Jake Saper, Bahat, Jordan Fudge, Zachary White, Carlos Adame —, Fudge, We're, Paul Weinstein, Weinstein, Ryan Swager, Brandon Zeuner, Alsop Louie, Alsop Louie Partners, Gilman Louie, Stewart Alsop, Jason Preston, Tyler Peterson, Mike Morgan, Robert Patterson, DEFTA, George Hara, Martin Gedalin, Kevin Ober, Divergent's, Hone, Ben Bergman Organizations: Business, Bloomberg Beta, Lightship Capital, Sapphire Partners, BI, Venture Partners, Foundry Group, Sinai Ventures, Sinai Capital Partners, Capital, San, Alsop Louie Partners, Partners, Ventures Peninsula Ventures, LinkedIn Locations: Los Angeles, San Francisco, Alto , California, San Mateo , California, Lumia, Seattle, bbergman@insider.com

☆ Russia's resilience to sanctions shows it is 'costly and unattainable' to isolate a large and globally integrated economy, economist says
▼ + stars: | 2024-02-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

"The primary lesson is that seeking complete isolation of a large, complex and globally-integrated economy is costly and unattainable," Elina Ribakova wrote in the Financial Times on Tuesday. Russia's economy has managed to keep humming because Russian President Vladimir Putin has been preparing for sanctions since 2014. Failures in Russia, lessons for the futureEven so, the West can glean valuable lessons from its experience sanctioning an economy as large as Russia, said Ribakova. Advertisement"In the case of China, the US would need to look for vulnerabilities while remaining realistic about the limitations of sanctions," wrote Ribakova in FT.She added there must be steeper penalties for those who evade sanctions. "The experience with Russia is an invaluable opportunity to sharpen sanctions as a foreign policy tool," she wrote Ribakova.

Persons: —, Elina Ribakova, Vladimir Putin, Ribakova Organizations: Service, Financial Times, Business, Monetary Fund, Peterson Institute for International Economics, International Affairs Program, Kyiv School of Economics, Russia Locations: Ukraine, Russia, Moscow, Beijing, China, Taiwan

☆ The Apple car's apparent death is another grim sign for EVs
▼ + stars: | 2024-02-28 | by ( Hayley Peterson | Nora Naughton | ) www.businessinsider.com time to read: +3 min

Apple appears to be tapping out as car companies scramble to adjust EV plans. AdvertisementThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.

Persons: —, Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Apple, Service, EV, Bloomberg, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America

☆ The Apple car is the latest casualty in the brutal EV market
▼ + stars: | 2024-02-28 | by ( Hayley Peterson | Nora Naughton | ) www.businessinsider.com time to read: +2 min

Read previewThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Apple's "Project Titan" car was also supposed to be an autonomous, expensive technology that most car companies have already put on the back burner. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.

Persons: —, Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Service, EV, Apple, Bloomberg, Business, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America

☆ US consumer confidence soured in February for the first time in three months
▼ + stars: | 2024-02-27 | by ( Bryan Mena | ) edition.cnn.com time to read: 1 min

Washington, DC CNN —Americans’ attitudes toward the economy soured in February after a three-month streak of improving moods, according to The Conference Board’s latest consumer survey released Tuesday. The survey’s index fell in February to 106.7, down from a reading of 110.9 in January. Americans became less worried about rising food and gas prices, but more concerned about the job market, the survey showed. “The drop in confidence was broad-based, affecting all income groups except households earning less than $15,000 and those earning more than $125,000,” Dana Peterson, chief economist at The Conference Board, said in a release. “Confidence deteriorated for consumers under the age of 35 and those 55 and over, whereas it improved slightly for those aged 35 to 54.”This story is developing and will be updated.

Persons: ” Dana Peterson Organizations: DC CNN, Conference Locations: Washington

☆ How America’s once great department stores became a dying breed
▼ + stars: | 2024-02-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

But department stores, focused on America’s middle class, are fading. The victims of shifting consumer tastes were not the department stores that anchored the local mall, it was the small, locally owned stores along downtown shopping districts that were closing their doors. And possibly even more than the big box competitors, department stores have suffered from consumers shifting to buying items online rather than in person. The steady closing of the department stores that once served as “anchors” of malls across suburban America has been another nail in the coffin of many malls, hurting the department stores that remained in hollowed-out malls with a fraction of their earlier traffic. Saunders said one of the primary problem for Macy’s is that its holding company, formerly known as Federated Department Stores, spent much of its resources on buying other department store brands, such May’s Department Stores, and Filene’s, rather than investing in the stores its held.

Persons: New York CNN —, Neil Sauders, ”, JC Penney, It’s, “, Neil Saunders, Shannon Stapleton, Saunders, ” Saunders, Al Bello, Sunny Zheng, Macy’s, Tony Spring, Taylor, Brian Snyder, Eddie Lambert, Michael Brown, Kearney, ” Brown, Mike Segar, Richard W, Sears, Alvah Roebuck, Sears Roebuck, Bettmann, PhotoQuest, Jack Manning, Frank Scherschel, Owen, Lucille Jagusch, Arlene Hardt, Martin Luther King Jr, Michael Ochs, Ron Frehm, Ralf, Finn Hestoft, Mark Peterson, Seth Meyers, Hugh Jackman, NBCUniversal, Kaylin Wilson, Jim Cole, Rene Johnston, Maria Alejandra Cardona, Scott Olson, Cesar Villasenor, Mel Melcon, Sarah Blesener, Paul Hennessy, Patti Naleck, Naleck, Stacey Wescott, Brown Organizations: New, New York CNN, American, Walmart, Company, Department, Sears, Target, GlobalData, JCPenney, Research, RadioShack, Reuters Sears, Federated Department Stores, May’s, Reuters, Chicago History, Sears Roebuck, Roebuck, Hulton, AP, AP Soldiers, Michael Ochs Archives, Getty, Bettmann, Kmart, Bloomberg, Toronto Star, Reuters Residents, Los Angeles Times, New York Times, Chicago Tribune, Tribune, Service Locations: New York, GlobalData, America, Nanuet , New York, North Redwood , Minnesota, Chicago, El Paso , Texas, Jackson , Mississippi, Tucson , Arizona, Caracas, Venezuela, Niles , Illinois, Morton Grove , Illinois, Baltimore, White Plains , New York, Woodfield , Illinois, Hicksville , New York, Nashua , New Hampshire, Mentor , Ohio, Mississauga , Ontario, Hialeah , Florida, Janesville , Wisconsin, Santa Monica , California, Rockaway , New Jersey, Leesburg , Florida, Schaumburg , Illinois

☆ A former US surgeon general says he went to the ER for dehydration and ended up with a $5,000 bill. He called the healthcare system 'broken.'
▼ + stars: | 2024-02-27 | by ( ) www.businessinsider.com time to read: +5 min

A former US surgeon general just got a taste of what frustrates countless Americans: a massive medical bill. AdvertisementAdams said his experience highlighted the exorbitant cost of medical care in the US and the lack of price transparency. AdvertisementIt's unclear why Adams' bill was so high since he said he hadn't received a breakdown of the charges. High-deductible plans have become more common as employers have shifted the cost of medical care to their workers. AdvertisementThe ER visit isn't Adams' first brush with an unexpected bill, and he fears it won't be the last.

Persons: Jerome Adams, Adams, Mayo Clinic didn't, Joe doesn't, hadn't, isn't Adams, That's, I've Organizations: Service, Mayo Clinic, Business, Kaiser Family Foundation, Peterson, Healthcare, Research, Mayo Locations: Scottsdale , Arizona

☆ How Rick Beato struck YouTube gold with his ‘Everything Music’ channel
▼ + stars: | 2024-02-25 | by ( John Blake | ) edition.cnn.com time to read: +16 min

I first heard about Beato after stumbling onto his YouTube channel. During the pandemic, for example, many music fans migrated to the internet to watch various forms of music because live music was off-limits. “I still feel at 60 the same way I did when I was 14,” he said recently in a YouTube video. His face lights up when he talks about his family on his YouTube channel. “My YouTube Channel was a way to honor my parents and leave something for my kids.

Persons: Rick Beato, Instagram, Beato, ”, Pat Metheny, Sting, Jimi Hendrix, he’s, it’s, “, you’re, He’s, Rick, —, Mike Rowe, Jobs, ” Rowe, I’ve, I’m, “ Woo, Bach, Brad Mehldau, Keith Williams, Williams, ” Beato, Dick Cavett, Keith Jarrett, Jarrett, John Coltrane, Beato regaled Jarrett, awestruck, ” Jarrett, Steve Gadd, Chuck Mangione, Oscar Peterson, Music —, Nina, Dylan, Lennon, Layla, Eric Clapton, polychords, Taylor Swift’s “, Paul Allen, Everybody, Joni Mitchell, Herbie Hancock, Rick Beato's, Melissa Golden, John Blake Organizations: CNN, YouTube, Costco, Twitter, Facebook, Berklee College of Music, Eastman School of Music, Ithaca College, New, Conservatory, Music, Ithaca, Microsoft, Intelligence Locations: Atlanta , Georgia, London, Berlin, New Jersey, Fairport, Rochester , New York, Italian, New York, Ithaca, Atlanta, Silicon Valley

☆ China, Xi Jinping Plan to Crush Elon Musk, Tesla, and the US EV Industry
▼ + stars: | 2024-02-25 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

If China EV Inc. were allowed to enter the US today or next year, the legacies would be gutted." The year Musk tittered at the idea of Chinese EVs overtaking Tesla, the country produced only 5,000 electric cars. It has more trade barrier protection from a China Auto Inc. onslaught, but it may not work forever. AdvertisementWe want to maintain an auto industry in the US — that's essential for jobs, national security, and for other sectors of the economy. Sure, Chinese EV makers are lean and mean, but they've never had to deal with international markets before.

Persons: Elon Musk, Warren Buffett, Le, haven't, carmakers, Jim Farley, Tesla, Xi, Andy Wong, Xi Jinping, Li Auto, BYD, Trump, Mary Lovely, Joe Biden's, Biden, it's, Lovely, they've Organizations: Tesla, Bloomberg TV, America's, GM, Ford, Sino, EV, China EV Inc, ascendance, Chery, US, Chinese Communist Party, CCP, Companies, SAIC, Energy Department, China Auto Inc, Peterson Institute, United Auto Workers, White, Auto Locations: Chinese, China, Beijing, Japan, Europe, North America, Brussels, Washington, Hungary, Mexico, Canada, America

☆ Warren Buffett honors Charlie Munger in annual note, Berkshire reports record cash pile
▼ + stars: | 2024-02-24 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +11 min

Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett and his wife pose at the beach with their three children. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Nati Harnik/AP Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are seen on a giant screen during the Berkshire Hathaway shareholders meeting in 2013.

Persons: Warren Buffett’s, Charlie Munger, Buffett, Munger, ”, Charlie, Berkshire Hathaway, “ Charlie, Munger’s, Greg Abel, Abel, Berkshire’s, Greg, ” Buffett, “ Greg, Berkshire Berkshire Hathaway, Warren Buffett, Nati, Laila, Howard Buffett, Howard, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer, Apple Berkshire Hathaway Organizations: New, New York CNN, Berkshire Hathaway, Investors, Oracle, “, Berkshire, Berkshire Berkshire, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, Bloomberg, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters, Apple Berkshire, Apple, Securities and Exchange Commission, HP, Paramount Locations: New York, Omaha, “ Berkshire, Berkshire, The Omaha , Nebraska, Omaha , Nebraska, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, AFP, Washington , DC, Illinois, Sun Valley , Idaho

The chipmaker was initiated with an outperform rating by Loop Capital, which set a Wall Street-high price target that calls for 65% upside. He also raised his price target on U.S.-traded shares to $22.22 from $19.16, implying shares could rise 27% from Thursday's close. It also cut its price target by $1.50 to $8.50, suggesting just 6.2% upside potential from Thursday's closing price. — Hakyung Kim 5:41 a.m.: Oppenheimer downgrades Nike Don't expect much out of Nike shares in the near future, according to Oppenheimer. The firm downgraded the apparel giant to perform from outperform and slashed its price target to $110 per share from $150.

Persons: Oppenheimer, Carvana, Raymond James Carvana's, Raymond James, Mitch Ingles, Ingles, — Hakyung Kim, Jefferies, Alex Wright, Wright, Peter Grom, Chris Peterson's, Grom, Newell, Brian Nagel, Fred Imbert, Ananda Baruah, Hakyung Kim Organizations: CNBC, Nvidia, Nike, Loop, Jefferies, UBS, Newell Brands Consumer, Newell Brands, Nvidia Nvidia, CY2025 Locations: Thursday's, America, CY2024

☆ I hate to say it but, yes, you should dress for success
▼ + stars: | 2024-02-15 | by ( Henry Blodget | ) www.businessinsider.com time to read: +7 min

And now, it's finally time to discuss the perennial and important work-related question: How should you dress? That usually means dressing professionally, the way most successful people in your organization and industry dress — those people whose jobs and reputations you eventually want. Also, "professional" clothes can be expensive and a pain to care for. "Dressing for success" just means looking professional and in keeping with your workplace culture — as opposed to how you might dress on the weekend or at home. Remember:AdvertisementAs with other aspects of professional conduct, dressing for success is not about you.

Persons: —, it's, I'm, Hayley Peterson, Robert Caro —, he's Organizations: Service

☆ Alaska Woman Gets 99 Years in Catfish Murder-for-Hire of Best Friend
▼ + stars: | 2024-02-15 | by ( Jesus Jiménez | ) www.nytimes.com time to read: +1 min

An Alaska woman who arranged to have her best friend killed in 2019 after a man she met online promised her $9 million to do so was sentenced on Monday to 99 years in prison, state prosecutors said. Judge Andrew Peterson of Anchorage Superior Court sentenced the woman, Denali Brehmer, 23, of Anchorage, who pleaded guilty last year to one count of first-degree murder in the death of the friend, Cynthia Hoffman, the Alaska Department of Law said in a statement. Evidence presented at the sentencing showed that Ms. Hoffman, 19, was fatally shot on June 2, 2019, on a bank of the Eklutna River near Thunderbird Falls and that her body was later placed in the river, according to the Department of Law. Prosecutors later learned that Ms. Brehmer had been hired to kill Ms. Hoffman in exchange for millions of dollars. During the hearing, Judge Peterson described the murder of Ms. Hoffman as “tragic and senseless,” the Department of Law said.

Persons: Andrew Peterson, Cynthia Hoffman, Hoffman, Prosecutors, Brehmer, Judge Peterson, Ms Organizations: Anchorage Superior Court, Alaska Department of Law, Department of Law Locations: Alaska, Anchorage, Thunderbird

☆ Your next Tesla could be made by China
▼ + stars: | 2024-02-14 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Elon Musk invited the suppliers to Mexico as part of plans for cheaper Teslas, Bloomberg reported. That move could be stoking concerns among US officials and EV makers over China's influence. China has a "highly organized, highly efficient supply chain," Venkatesh Prasad, chief innovation officer at the Center for Automotive Research, told Bloomberg. AdvertisementTesla, which also makes cars in the US, and other US-based EV makers may also be feeling the heat from competitors. Mary Lovely, a senior fellow at the Peterson Institute for International Economics, told Bloomberg.

Persons: Elon Musk, —, Tesla's, Venkatesh Prasad, Tesla, stoke, Katherine Tai, Tai, Biden, EVs, China's, Tesla's Musk, Mary Lovely Organizations: Bloomberg, Service, Center for Automotive Research, Business, Trump, Chinese Communist Party, US Trade Rep, Nikkei, EV, Peterson Institute for International Economics Locations: Mexico, Monterrey, Shanghai, Mexican, Nuevo Leon, Austin, China, Beijing, Washington, DC, United States

☆ Surging restaurant prices are making dining out even more of a luxury
▼ + stars: | 2024-02-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

That’s because prices for groceries are up 1.2% year over year, while the price of food consumed at restaurants is up 5.1%. And in this election year, higher food prices, which rose last month to their highest monthly rate in a year, could present problems for President Joe Biden’s campaign. In January 2023, it was cheaper to dine out, with food prices up 8.2% compared to the prior year. In the post-pandemic world, consumers have been devoting more of their budgets to services compared to goods. As a whole, prices for services — which include dining out, transportation and entertainment — were up 0.7% in January compared to the prior month.

Persons: you’ve, Joe Biden’s, What’s, ”, Dana Peterson, ” Goldman Sachs Organizations: New, New York CNN, Conference Board Locations: New York

☆ Consumers are currently in a win-win situation, says Dana Peterson
▼ + stars: | 2024-02-13 | 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 EmailConsumers are currently in a win-win situation, says Dana PetersonDana Peterson, Chief Economist at The Conference Board, discusses the January CPI report.

Persons: Dana Peterson Dana Peterson Organizations: Consumers, Conference Board

☆ Opinion: Jon Stewart’s brilliant return
▼ + stars: | 2024-02-13 | by ( Opinion Bill Carter | ) edition.cnn.com time to read: +13 min

Jeff Kravitz/FilmMagic/Getty Images Stewart waves goodbye backstage after taping the last episode of "The Jon Stewart Show" in 1995. M. Caulfield/WireImage/Getty Images Stewart appears on an episode of CNN's "Crossfire" with Paul Begala, left, and Tucker Carlson in 2004. Ethan Miller/Getty Images Stewart signs an autograph on the Emmys red carpet in 2009. Zach Gibson/Getty Images Stewart appears on "The Late Show with Stephen Colbert" in 2019. Scott Kowalchyk/CBS/Getty Images Stewart smiles as Senate Majority Leader Mitch McConnell walks by him on Capitol Hill in 2019.

Persons: Bill Carter, CNN —, Bill Carter Bill Carter, Jon Stewart, ” Stewart’s, Stewart, “, ”, Joe Biden, Travis Kelce, ” Stewart, —, Abdel Fattah el, Biden, ” Jon Stewart, Victoria Will, College of William & Mary, William, Mary Athletics Stewart, Conan O'Brien, Lesly Weiner, Mike Piazza, Jeff Kravitz, Catherine McGann, Ron Galella, Jennifer Beals, Guillermo Diaz, Universal Pictures Stewart, Tracey McShane, Steve Eichner, Adam Sandler, Corey Sipkin, Paul Begala, Tucker Carlson, CNN Stewart, Stephen Colbert, Colbert, Scott Gries, Todd Plitt, Rob Corddry, Ed Helms, Samantha Bee —, Ethan Miller, Kevork Djansezian, Mark Peterson, Bill Kotsatos, Nathan, Maggie, Tomorrowland Speedway, David Roark, Benjamin Lowy, Bill O'Reilly, Jamie McCarthy, Valentino, Tracey, Jo, Anne McArthur, Barack Obama, Pete Souza, Trevor Noah, Noah, Brad Barket, Comedy Central Stewart, Alex Wong, Rossum, James Devaney, John Feal, Zach Gibson, Scott Kowalchyk, Mitch McConnell, McConnell, Bill Clark, Twain, Kevin Wolf, Matt Wilson, Donald Trump, Biden’s forgetfulness, Trump, Jack Paar, Dulcé Sloan Organizations: The New York Times, CNN, HBO, Comedy Central, “ CBS, Super, College of William &, Mary Athletics, MTV, Getty, Miramax, Everett, Universal Pictures, Sony Pictures, Television Critics Association, Caulfield, MTV Networks, Comedy, Tomorrowland, Walt Disney, Disney, Cancer Moonshot Initiative, New York Knicks, FealGood, CBS, Kennedy Center, Performing Arts, Daily, Democratic, Biden Locations: TikTok, Gaza, Mexico, Egypt, Williamsburg , Virginia, New York, Washington , DC, Florida, Washington ,, Pennsylvania

☆ Jon Stewart marks ‘The Daily Show’ return
▼ + stars: | 2024-02-12 | by ( Brian Lowry | ) edition.cnn.com time to read: +9 min

Jeff Kravitz/FilmMagic/Getty Images Stewart waves goodbye backstage after taping the last episode of "The Jon Stewart Show" in 1995. Corey Sipkin/NY Daily News Archive/Getty Images Stewart holds an award won by "The Daily Show" in 2003. M. Caulfield/WireImage/Getty Images Stewart appears on an episode of CNN's "Crossfire" with Paul Begala, left, and Tucker Carlson in 2004. Scott Kowalchyk/CBS/Getty Images Stewart smiles as Senate Majority Leader Mitch McConnell walks by him on Capitol Hill in 2019. Matt Wilson/Comedy Central's The Daily Show Jon Stewart is back on "The Daily Show."

Persons: Jon Stewart, Jack Paar’s, Stewart, “, Taylor Swift, ”, ” Stewart, Joe Biden, Donald Trump, Victoria Will, College of William & Mary, William, Mary Athletics Stewart, Conan O'Brien, Lesly Weiner, Mike Piazza, Jeff Kravitz, Catherine McGann, Ron Galella, Jennifer Beals, Guillermo Diaz, Universal Pictures Stewart, Tracey McShane, Steve Eichner, Adam Sandler, Corey Sipkin, Paul Begala, Tucker Carlson, CNN Stewart, Stephen Colbert, Colbert, Scott Gries, Todd Plitt, —, Rob Corddry, Ed Helms, Samantha Bee —, Ethan Miller, Kevork Djansezian, Mark Peterson, Bill Kotsatos, Nathan, Maggie, Tomorrowland Speedway, David Roark, Benjamin Lowy, Bill O'Reilly, Jamie McCarthy, Valentino, Tracey, Jo, Anne McArthur, Barack Obama, Pete Souza, Trevor Noah, Noah, Brad Barket, Comedy Central Stewart, Biden, Alex Wong, Rossum, James Devaney, John Feal, Zach Gibson, Scott Kowalchyk, Mitch McConnell, McConnell, Bill Clark, Twain, Kevin Wolf, Matt Wilson, Robert Hur’s, Trump, Dulcé Sloan, ” Jordan Klepper Organizations: CNN, Comedy Central, Kansas City Chiefs, San Francisco 49ers, College of William &, Mary Athletics, MTV, Getty, Miramax, Everett, Universal Pictures, Sony Pictures, Television Critics Association, Caulfield, MTV Networks, Comedy, Tomorrowland, Walt Disney, Disney, Cancer Moonshot Initiative, New York Knicks, FealGood, CBS, Kennedy Center, Performing Arts, Daily Locations: Williamsburg , Virginia, New York, Washington , DC, Florida, Washington ,

Last Saturday, a crowd of several hundred people gathered in a grassy field near the bank of the Rio Grande in Quemado, Texas, for a rally in support of the state’s defiant stance on immigration. The event, which was held by the protest group Take Our Border Back, marked the final stop of a dayslong convoy of conservative Americans who, in a procession of cars, trucks and mobile homes, made their way to Quemado to demonstrate their frustration over what they see as the federal government’s failure to enforce immigration laws at the border. A response to the intensifying confrontation over border security and immigration between the Biden administration and the Texas governor, Greg Abbott, the event featured an unexpected blend of political anger and religious ardor.

Persons: Biden, Greg Abbott Locations: Rio Grande, Quemado , Texas, Texas

☆ Jobs and geopolitical threats will keep climate tech in spotlight even if Biden is voted out, insiders say
▼ + stars: | 2024-02-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +6 min

Read previewPresident Biden has won quite a few fans in the climate tech sector during this time in office. Legislation, including the IRA, the Bipartisan Infrastructure Law, and the CHIPS and Science Act, has unlocked enormous amounts of capital that bolsters climate tech innovation and adoption. The Swiss company would have expanded Stateside eventually, but such policies helped it pick up pace, said Andrew Fishbein, Climeworks' senior policy manager in the US. For example, Regeneration VC doesn't factor subsidies into its investment decisions or portfolio companies' financial projections. Advertisement"Who knows, maybe 2024 is going to be a banner year for climate tech," he said.

Persons: —, Biden, Sierra Peterson, Anna, Alexia Basile, Katie Hoffman, Hoffman, Climeworks, Andrew Fishbein, We're, Kevin Stevens, Trump, VC's Hoffman, Energize Capital's Stevens, Ben Wolkon Organizations: Service, Business, Voyager Ventures, Infrastructure Law, Regeneration, Battery, Trump, Future, Department of Energy, Energize Capital, MUUS Climate Partners Locations: Paris, Nevada , Arizona, Louisiana, North Dakota, California, Swiss, Washington

☆ Tim Cook, Steve Ballmer and Jamie Dimon are among the few US billionaires who didn't found a company or inherit a fortune
▼ + stars: | 2024-02-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewVirtually all of America's billionaires either founded a wildly successful company or inherited a vast fortune. Apple CEO Tim Cook, JPMorgan CEO Jamie Dimon, and former Microsoft CEO Steve Ballmer are among the few exceptions. Ballmer leads the pack with an estimated fortune of $143 billion, according to the Bloomberg Billionaires Index largely due to his near-4% stake in Microsoft. AdvertisementRemarkably, Ballmer ranks sixth on the Bloomberg list, just one spot and $3 billion behind the Microsoft cofounder. Other industry stalwarts include Meta's former operating chief, Sheryl Sandberg ($2 billion), and former eBay CEO Meg Whitman ($3 billion).

Persons: —, Tim Cook, Jamie Dimon, Steve Ballmer, Forbes, Bill Gates, Ballmer, Eric Schmidt, Charles Simonyi, Jeff Rothschild, Jeff Skoll, Sheryl Sandberg, Meg Whitman, Justin Sullivan, Snowflake, Frank Slootman, Apple's Cook, Safra Catz, Lisa Su, Ramzi Musallam, JPMorgan's, Goldman Sachs, Lloyd Blankfein, Tor Peterson, Paul Saville, homebuilder Organizations: Service, Apple, JPMorgan, Business, Bloomberg, Microsoft, Facebook, eBay, Getty Images Tech, Forbes, Oracle, AMD, Veritas Capital, Blackstone, KKR Locations: Silver

☆ Moving to Puerto Rico comes with lifestyle perks and tax breaks. Trade-offs include healthcare, schools, and furniture.
▼ + stars: | 2024-02-08 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

Americans are moving to Puerto Rico for the climate, adventure, and tax breaks. Newcomers to Puerto Rico told Business Insider they've had difficulty navigating the complexities of healthcare, education, and even buying goods like furniture. From 2021 through 2022, about 27,000 people moved to Puerto Rico from the US states, according to data collected by the US Census Bureau. Lindsey noted that if somebody expressed interest in moving to Puerto Rico, she would first ask them about their health. "You must understand that in Puerto Rico, it's going to be a little laid back," he said.

Persons: —, they've, it's, Ricky Santana, Santana, Jessica Peterson, Sarah Lindsey, Sean Flynn, Hurricane Maria, Lindsey, Flynn, Kimberly Sue Walker Organizations: Service, Puerto Rico, Colectivo, US Census Bureau, Puerto Ricans, Getty, Hurricane, Collectivo Locations: Puerto Rico, Puerto, Caribbean, Miami, Dorado, San Juan, San Juan ., Humacao , Puerto Rico, Austin, New York, American, Dorado , Puerto Rico

☆ Federal budget deficit expected to soar to $2.6 trillion in 2034, CBO says
▼ + stars: | 2024-02-07 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

CNN —The federal budget deficit will balloon from $1.6 trillion this fiscal year to $2.6 trillion in fiscal year 2034, according to the latest Congressional Budget Office outlook released Wednesday. A major reason for the widening gap between revenue and spending: a spike in net interest payments on the federal debt due to higher interest rates. The nation’s debt held by the public is expected to rise to a record 116% of the economy by 2034. CBO’s deficit projection will likely add pressure to congressional lawmakers who have yet to agree on funding for federal agencies for fiscal year 2024. Budget experts called on Congress to take action to address the nation’s worsening fiscal situation.

Persons: MacGuineas, they’ve, Mike Johnson, ” Michael Peterson, Peter G Organizations: CNN, Congressional, Social Security, Medicare, CBO, GOP, Capitol, Federal, House Republicans, Peterson Foundation

☆ Voyager Ventures backs climate tech startups. It just raised its second $100 million fund.
▼ + stars: | 2024-02-07 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Read previewClimate tech VC firm Voyager Ventures has raised another fund hot on the heels of its first, bringing its assets under management to $200 million. The new fund can invest alongside or after Voyager Fund I and independently where it has developed competitive access. AdvertisementThe fund hit final close in May 2023, which was previously undisclosed, just 15 months after closing its first fund. It is also eyeing the second edition of the earlier-stage Voyager Fund, which Peterson and Sclarsic will start raising this year. Voyager Ventures currently has 19 portfolio companies across the two funds.

Persons: —, Sierra Peterson, Sarah Sclarsic, Peterson, Sclarsic Organizations: Service, Voyager Ventures, Business, Voyager, Northwestern University, Novo Holdings Locations: San Francisco and New York, North America, Europe

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