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☆ Stock futures are flat Monday as March inflation reports loom ahead: Live updates
▼ + stars: | 2023-04-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed on Monday night as investors look toward the release of economic data later this week. Dow Jones Industrial Average futures ticked higher by 29 points, or 0.09%. And that can't be determined until we get those data points start coming in in real time. But I think that's what the market is waiting on," said Keith Buchanan, senior portfolio manager at GLOBALT Investments. Several central bank speakers will make appearances on Tuesday: Chicago Fed President Austan Goolsbee, Philadelphia Fed President Patrick Harker and Minneapolis Fed President Neel Kashkari will be speaking that afternoon and evening.

☆ Depleted Canada team a 'massive' chance for World Cup hopefuls-coach
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

April 10 (Reuters) - The absence of many first-choice players has presented a "massive opportunity" for others to stake their claim in Canada's World Cup squad, coach Bev Priestman said as the Olympic champions prepare to face France in a friendly on Tuesday. "There's a massive opportunity for anybody that gets on the pitch. And, you know, to get that one camp away from your World Cup squad being announced and, you know, going into that World Cup squad, I think I have to look at the opportunity in it and see the bigger picture." "I don't think it's a World Cup injury, but it's not a 'she'll be ready, you know, this week' type injury," said Priestman. Herve Renard took the reins late last month after leading Saudi Arabia to a shock group-stage win over eventual champions Argentina in last year's men's World Cup.

☆ Another SEAL parachuting death highlights the inherent danger of US special operators' go-to infiltration method
▼ + stars: | 2023-03-29 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

Deadly accidentsNaval Special Warfare operators perform a free-fall jump in Alaska in September. The incident, which likely happened during as part of a pre-deployment workup, is still under investigation, according to Naval Special Warfare Command. Despite that danger, however, free-fall parachuting is also extremely valuable as an insertion method for special-operations units. The Navy SEAL community — especially the Naval Special Warfare Development Group, formerly known as SEAL Team 6 — is well-versed in free-fall operations. Most US special-operations units have recognized the value of free-fall parachuting and have incorporated it into their training.

☆ Employees at the $2 billion e-commerce startup Rokt once saw a photo of a colleague in blackface during a company Zoom meeting
▼ + stars: | 2023-03-28 | by ( Jack Newsham | Madeline Stone | ) www.businessinsider.com time to read: +3 min

An employee at e-commerce firm Rokt shared a photo of a colleague in blackface, shocking colleagues. An employee shared the photo, from an event in 2012, that appeared to show another employee in blackface and dressed as Michael Jackson. recalled one of more than a half-dozen former employees who told Insider they saw the photo. Rokt said that both employees completed a session of unconscious bias training with an expert facilitator, who also held a session for the whole company. Rokt"We were all, in America, like, 'We don't need to learn about blackface from you,'" the second former employee said.

☆ A student-loan borrower was promised a $5,000 refund on payments after Biden's broad debt relief. Months later, she's still waiting — and no one is picking up the phone to help.
▼ + stars: | 2023-03-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Roxanne Dougherty, 31, is waiting for a $5,000 refund on her student-loan payments. The Education Department directed Insider to guidance on refunds posted on Federal Student Aid's website. "No one is taking the time to help me or to listen to me when it comes to MOHELA," Dougherty said. "It just seems like there's something in it for them to not help," Dougherty said. Are you still waiting for a refund on your student-loan payments?

☆ Current and former Rokt employees told Insider about blackface, booze, and blurred lines
▼ + stars: | 2023-03-17 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

They told my colleague Jordan Pandy that Charlotte seemed affordable and diverse on paper. The photo was shown at a company-wide meeting to highlight how "fun" working at $2 billion ad-tech startup Rokt was, an Insider investigation reveals. He said blackface isn't a big deal in Australia, where the company was founded and where the photo was taken. But more than 30 current and former employees told my colleagues Jack Newsham and Madeline Stone that they had a different experience. Come behind the scenes of Rokt with us, where Insider reports that booze and blurred lines flow rampantly.

☆ Blackface, booze, and blurred lines at the $2 billion tech firm Rokt
▼ + stars: | 2023-03-16 | by ( Jack Newsham | Madeline Stone | ) www.businessinsider.com time to read: +25 min

A cropped version of an image shared with Rokt employees at the 2020 meeting. Buchanan told Insider. "We think it's important that we stand up and fight it," he told Insider when asked about that message. In an email, Viles told Insider that he hasn't had any day-to-day involvement with Rokt since 2020, when he did some contract work. Mert Alper Dervis/Anadolu Agency via Getty ImagesOne employee told Insider they were encouraged to post the photos and proclaim 2023 to be Rokt's "best year yet."

☆ S&P 500 futures are flat following a volatile session on Wall Street: Live updates
▼ + stars: | 2023-03-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were mixed on Wednesday night after investor fears of a widespread banking crisis led to a volatile trading session. Dow Jones Industrial Average futures fell by 29 points, or 0.09%. S&P 500 futures were down just 0.03%, while Nasdaq 100 futures climbed 0.14%. During the regular trading session, the Dow at one point fell 725 points before ending the day down by 280.83 points, or 0.87% lower. The S&P 500 dropped 0.7%, and the tech-heavy Nasdaq Composite edged 0.05% higher.

Circuit Court of Appeals unanimously ruled that Bayada Home Health Care Inc did not violate federal wage law by docking salaried employees' paid time off, or PTO, when they did not work required weekly hours. The case marked the first time that a U.S. appeals court was asked whether paid time off counts as part of an employee's salary. The question is important because salaried workers can become eligible for overtime pay if employers make deductions from their wages. A group of Bayada employees, including nurses, physical therapists and social workers, sued the company in Scranton, Pennsylvania federal court in 2016. Circuit Court of Appeals, No.

So You Want to Turn an Office Building Into a Home? There’s an appealing simplicity to the idea of converting office buildings into housing. Basically, they did this:How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. That could change with tax abatements and subsidy programs, or if outdated office buildings lose so much value that the cost of acquiring them plummets.

☆ Analysis: Bankman-Fried's bid to shift blame complicated by new charges
▼ + stars: | 2023-03-08 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

Former FTX technology chief Gary Wang and Caroline Ellison, formerly the CEO of Bankman-Fried's Alameda Research hedge fund, had each previously pleaded guilty and are cooperating. Bankman-Fried previously pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at Alameda. The 31-year-old former billionaire and his lawyers have suggested they will attempt to shift blame onto Ellison and dispute her expected testimony at his Oct. 2 trial. In unveiling the new charges in a superseding indictment, prosecutors dismissed the idea that Bankman-Fried was in the dark about his former colleagues' crimes. Despite the hurdles, experts said Bankman-Fried will still likely dispute that he knew former members of his inner circle were breaking the law, Kasten said.

☆ US senators reintroduce bill to make daylight saving time permanent
▼ + stars: | 2023-03-02 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 2 (Reuters) - A bipartisan group of 12 U.S. senators on Thursday reintroduced legislation that would make daylight saving time permanent, nearly a year after the Senate voted unanimously to end clock switching. But the bill failed to get a vote last year in the U.S. House of Representatives because lawmakers could not agree on whether to keep standard time or permanent daylight saving time, said Representative Frank Pallone. Some sleep experts say daylight savings time makes it harder to be alert in the morning. Daylight saving time has been in place in nearly all of the United States since the 1960s after being first tried in 1918. The bill would allow Arizona and Hawaii, which do not observe daylight saving time, to remain on standard time.

☆ Stock futures slip after investors wrap up a losing February: Live updates
▼ + stars: | 2023-02-28 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Stock futures inched down as investors came off a losing month. Futures tied to the Dow Jones Industrial Average lost 70 points, or 0.2%. S&P 500 futures slid 0.3%, while Nasdaq-100 futures dipped 0.4%. Investors will watch for economic data on construction and manufacturing coming after the market opens Wednesday. Consumer-focused companies including Lowe's and Kohl's are set to report before the bell.

☆ Progress Shark, a 32-foot model of a great white wearing a rainbow leotard, is the breakout star of WorldPride in Sydney, Australia
▼ + stars: | 2023-02-19 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

A 32-foot model of a great white shark has become the unexpected mascot of WorldPride. It's been decked out in the colors of the Progress flag to mark WorldPride being held in Sydney. Even before it was officially unveiled on February 8, Progress Shark had become a viral sensation after Sydney WorldPride released a computer-generated preview. The Australian Museum tweeted that it was "blown away by all of the love" being shown for Progress Shark. Progress Shark now has its own fan account on Instagram — and it's sparked memes, fan-art, stickers, and even a miniature knitted version.

☆ Biden administration is making a big change to student loan repayment. What borrowers need to know
▼ + stars: | 2023-02-15 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Currently, after 20 years of payments on undergraduate student loans, any leftover debt is forgiven on the existing REPAYE Plan. However, under the Biden administration's proposal, those with original student loan balances of $12,000 or less may get their loans forgiven after just 10 years. watch nowPreviously, a borrower who made $40,000 a year would have a monthly student loan payment of around $151. The new option should be available to borrowers with undergraduate and graduate student loans, although undergraduate borrowers will have lower payments. Once the new REPAYE Plan is available, borrowers can call their student loan servicer to enroll in the option, or apply at StudentAid.gov.

The richest Black mothers and their babies are twice as likely to die as the richest white mothers and their babies. Yet there is one group that doesn’t gain the same protection from being rich, the study finds: Black mothers and babies. The researchers found that maternal mortality rates were just as high among the highest-income Black women as among low-income white women. The richest Black women have infant mortality rates at about the same level as the poorest white women. Generally, rates for Hispanic mothers and Asian mothers track more closely with those of white mothers than Black mothers.

☆ Perfect Storm for Some Companies: Fewer Interest Deductions, Rising Rates
▼ + stars: | 2023-02-06 | by ( Mark Maurer | ) www.wsj.com time to read: +9 min

For some firms, the move shrank the amount of taxable income that can be offset by interest expenses. Higher interest rates generally lead to higher interest expenses tied to companies’ variable-rate debt, new borrowings and refinancings. The cap can hit companies’ cash flows immediately, though not necessarily their financial statements, due to timing differences in claiming the deductions. Aluminum maker and recycler Novelis plans to allocate less cash toward its venture-capital arm due to the higher interest expenses. Leveraged loans have variable rates that typically reset every one to three months, based on short-term interest rates.

☆ Soccer’s Premier League accuses Manchester City of breaching financial rules
▼ + stars: | 2023-02-06 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

A general view of Etihad Stadium, home of Manchester City, on September 14, 2022 in Manchester, United Kingdom. The Premier League has referred the club to an enquiry over an alleged breach of financial rules. LONDON — The English Premier League on Monday announced it has referred soccer club Manchester City to an independent commission over alleged breaches of its financial rules. A commission will be held in private, with members appointed by the chair of the Premier League Judicial Panel. A spokesperson for Manchester City was not immediately available for comment when contacted by CNBC.

☆ Proud Boys try to keep jurors from seeing their 'politically incorrect' guide to masturbation, slavery, 'housewives'
▼ + stars: | 2023-01-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

It's too 'politically incorrect' for the jury, says a lawyer for defendant Dominic Pezzola. Read the "how to run a Proud Boys meeting" manual here. The Anti Defamation League considers the Proud Boys a violent, right-wing extremist group whose members commonly engage in misogynistic, Islamaphobic, transphobic, and anti-immigration rhetoric. An excerpt from a Proud Boys defense motion filed January 23, 2023 in US District Court in Washington, DC. At that point the Proud Boys members are to shout, "Bring it on!"

☆ GOP Rep. Steube sustains 'several injuries' after accident on his property
▼ + stars: | 2023-01-19 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

Rep. Greg Steube, R-Fla., sustained "several injuries" Wednesday after he was involved in an accident at his property, his office said. The severity of the injuries and how they occurred were not immediately clear. "Congressman Steube was involved in an accident on his property late this afternoon and has sustained several injuries," his office tweeted. NBC News has asked Steube's office for details. Rep. Vern Buchanan, who represents the 16th District, tweeted that it was "horrible" to hear for Steube's accident and that he wished his fellow Republican a speedy recovery.

☆ This asset class is outperforming U.S. stocks in 2023, and you may be missing out
▼ + stars: | 2023-01-19 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

It's a continuation of a relatively strong 2022 in which foreign stocks shed 14.5% compared with an 18% loss for U.S. names . "International stocks are set up quite well," says Ross Mayfield, an investment strategy analyst at Baird Private Wealth Management. Investing experts point to a handful of factors that have boosted the performance of international stocks of late. "Now that it's come back down, it's relieved a lot of the pressure on international stocks." "The sector mix for international stocks is more compatible with the economy we've seen," says Mayfield.

☆ More student loan borrowers may have $0 payments under Biden's new plan. What you need to know
▼ + stars: | 2023-01-17 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Silverkblack | Istock | Getty ImagesIn the new student loan repayment plan proposal rolled out this month by the Biden administration, more borrowers could see their monthly payments drop to $0. The new REPAYE plan could officially be available July 1, 2024, according to higher education expert Mark Kantrowitz. Yet under the new proposal, those who have fallen behind may be able to sign up for the income-based repayment plan, another one of the income-driven repayment plan options. Borrowers will need to enrollOnce the new REPAYE plan is available, borrowers can call their student loan servicer to enroll in the option, or apply at StudentAid.gov. The pandemic-era relief policy suspending federal student loan bills and the accrual of interest has been in effect since March 2020.

☆ Analysis: Bankman-Fried fraud charges sidestep debate over how U.S. law sees crypto
▼ + stars: | 2023-01-09 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

"It's a pretty simple deception," said Shane Stansbury, a professor at Duke University School of Law and former Manhattan federal prosecutor. The debate matters to cryptocurrency companies because it could determine which agency regulates the trading of digital assets. Both have pleaded not guilty and argued the charges should be dismissed because insider trading charges must involve securities or commodities. In bringing wire fraud charges in both cases, prosecutors avoided taking a position on how cryptocurrencies or NFTs should be classified. It is unlikely Bankman-Fried's lawyers will attempt a similar argument because the wire fraud charges are more straightforward, Kasten said.

☆ Stock futures are flat as investors digest Fed minutes, look ahead to labor data
▼ + stars: | 2023-01-04 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are flat Wednesday night as investors looked beyond the hawkishness of the Federal Reserve's meeting minutes released in the afternoon toward labor data coming later this week. Markets had been down early in the day on the back of a mixed bag of economic data, but stock rose into the closing bell. Investors have "wounds that are still fresh" following 2022, which brought the worst year for the stock market since 2008, said Keith Buchanan, a portfolio manager at GLOBALT Investments. He said investors are attempting to balance what each new piece of economic data or Fed commentary can indicate with broader concerns about the future. Since the report could have a big impact on the Fed's next moves, it has the potential to impact the market.

☆ Sam Bankman-Fried pleads not guilty in the US government's criminal case over FTX crash
▼ + stars: | 2023-01-03 | by ( Sindhu Sundar | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried entered a plea of not guilty to the fraud and conspiracy charges against him, according to reports. If Bankman-Fried doesn't reach a deal with the government, the case would head to a trial. "Just because he enters a plea of not guilty, it doesn't mean he's not working with prosecutors." How those cases proceed would also depend on the course of the criminal case. A criminal trial, for instance, could help him put civil suits against him on hold.

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