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☆ A Stanford MBA student and TikToker with 120K followers shares the spreadsheet she uses to stay organized and productive
▼ + stars: | 2023-09-08 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

Cherie Luo is a Stanford MBA candidate and creator with about 120,000 TikTok followers. Here's the spreadsheet she uses to stay organized, and some tools she uses for time management. To facilitate this process, Luo uses a spreadsheet where she tracks her content schedule. A screenshot of the spreadsheet Luo uses to stay organized. "It tells me what are the platforms that I'm posting on most consistently, and what topics I'm covering."

Persons: Cherie Luo, Luo, she's, who's, Cherie Luo Luo Organizations: Stanford, YouTube Locations: Stanford, Japan

For investors looking to rake in profit from the recent oil rally, here are some companies that are poised to benefit off of higher crude prices. Higher oil prices could add to inflationary pressure and feed central bankers' decisions on interest rates. Higher correlation between oil prices means good news for some companies, however. The 10 most positively correlated stocks to oil are energy names, which tend to rise when oil prices get a boost. Molson and Monster have slipped 5.6% and 2.2%, respectively, during the current quarter, while PepsiCo is off more than 5%.

Persons: Brent, WTI, Russell, Molson Coors Organizations: West Texas, CNBC, Oil, Diamondback Energy, Devon Energy, APA, Diamondback, Halliburton, Insurance, CCC Intelligent Solutions Holdings, . Beverage, Molson, Monster, PepsiCo, Bank of Canada, Manhattan Associates, Cadence Design Systems, chocolatier Hershey Locations: Saudi Arabia, Russia, Devon, American

☆ Nasdaq just posted its worst month since December. How the smart money played it
▼ + stars: | 2023-09-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The tech-dominated Nasdaq Composite and Nasdaq-100 indexes notched their worst month of the year in August, and their weakest performance since December 2022. Last month's pullback came as no shock to many veteran technology investors. Big August losers included popular AI-connected names Marvell Technology and Advanced Micro Devices , which shed more than 10% and 7%, respectively. Building small positions Amid the August pullback, Meeks built positions in some favored AI names. MRVL 1M mountain Marvell Technology shares pull back Munster used August's volatility to scoop up some shares of Etsy .

Persons: Paul Meeks, who's, we've, Meeks, Fortinet, Gene Munster, he's, Greg Bassuk, Bassuk Organizations: Nasdaq, Nvidia, Marvell Technology, Devices, Meta, Apple, Marvell, Broadcom, Taiwan Semiconductor, Cadence Design Systems, Munster, AXS Locations: Etsy

☆ SoftBank’s reduced Arm price tag is still too high
▼ + stars: | 2023-09-05 | by ( Liam Proud | ) www.reuters.com time to read: +7 min

The lesson for SoftBank and Arm is clear: chip investors are laser-focused on medium-term operating profit, not just revenue. Reuters GraphicsThere are three key moving parts to Arm’s valuation. Under SoftBank, Arm’s operating margin has dropped to around 25%, from roughly 40% in 2015 – a consequence of Son’s preference for heavy investments in research. If Arm nabbed the same multiple, its enterprise value would be $33 billion, using the above growth and operating margin. To mimic and sustain Nvidia-esque growth, Arm CEO Rene Haas would have to keep ramping up investments in engineers and sales teams, which would weigh on margins.

Persons: SoftBank, Masayoshi Son, Bernstein, they’ll, Rene Haas, SoftBank’s, it’s, George Hay, Katrina Hamlin, Oliver Taslic Organizations: Reuters, SoftBank, Nvidia, Cadence Design Systems, LSEG, Reuters Graphics, Apple, Devices, Vision Fund, Nasdaq, Thomson Locations: Cambridge, Saudi Arabia

☆ Apple, Google, Nvidia and other tech giants are considering buying Arm shares
▼ + stars: | 2023-09-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Chip design firm Arm said in a Tuesday filing that Apple , Google parent Alphabet , Nvidia and other technology companies are interested in buying up to $735 million in its shares as it seeks to go public on Nasdaq. Chip foundry operators Intel , Samsung and TSMC are interested in investing alongside the three trillion-dollar technology companies, along with AMD and MediaTek, which make chip designs based on Arm architectures. In 2020, Nvidia announced plans to acquire Arm from SoftBank for $40 billion, but regulators in the U.S. and the U.K. pushed back. The fact that Nvidia wasn't able to buy Arm didn't stop Nvidia's co-founder and CEO Jensen Huang from talking up Arm during the chip-design company's IPO roadshow. WATCH: Portfolio manager discusses the investment risks around Arm's IPO

Persons: Chip, SoftBank, Nvidia's, Jensen Huang, Huang, Huang isn't, Rick Tsai Organizations: Apple, Google, Nvidia, Nasdaq, Intel, Samsung, AMD, Design Systems Locations: London, New York, SoftBank, U.S

☆ Jill Biden positive for COVID, President Biden tests negative, White House says
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

[1/4] U.S. President Joe Biden and first lady Jill Biden walk to Marine One on the South Lawn of the White House in Washington, U.S., September 2, 2023. "This evening, the First Lady tested positive for COVID-19," her communications director, Elizabeth Alexander, said in a statement. "Following the First Lady’s positive test for COVID-19, President Biden was administered a COVID test this evening," the White House said. "The President tested negative. The White House did not immediately respond to a request for comment on whether Biden’s foreign travel could be affected.

Persons: Joe Biden, Jill Biden, Ken Cedeno, Elizabeth Alexander, Biden, Biden's, Ismail Shakil, Matt Spetalnick, Trevor Hunnicutt, Muralikumar Anantharaman, Gerry Doyle Organizations: White, REUTERS, Rights, Sunday, Thomson Locations: Washington , U.S, India, Rehoboth Beach , Delaware, Delaware, New Delhi, Hanoi

☆ Arm is headed for a $52 billion IPO that's set to draw tech titans like Apple and Nvidia. Here's what to know about the biggest US stock debut of the year.
▼ + stars: | 2023-09-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Softbank Group-owned chip designer Arm is targeting a $52 billion IPO in September. The launch is set to draw big investment from tech giants like Apple, Nvidia, Samsung, and Google. The debut is expected to be the largest of 2023, and it could mark a turning point for the sluggish IPO market. A revival of IPOsIt's possible that the blockbuster stock launch marks a turning point for what's been a relatively muted IPO market since 2022. Arm could help pave the way for other tech firms and startups who's plans for an IPO have stalled through the downturn.

Persons: Softbank, Goldman Sachs, JPMorgan Chase, what's, Rob Wotczak, Masayoshi, Instacart, Wotczak Organizations: Softbank, Apple, Nvidia, Samsung, Google, Service, New York Stock Exchange, Wall Street Journal, Fund, Nasdaq, Intel, TSMC, Devices, underwriters, Arm's, Barclays, JPMorgan, Mizuho Financial Group, Bloomberg, Freedom Capital Markets, Vision Locations: Wall, Silicon, London, New York, Saudi

☆ First Lady Tests Positive for Covid, but President Does Not
▼ + stars: | 2023-09-04 | by ( Michael D. Shear | More About Michael D. Shear | ) www.nytimes.com time to read: +1 min

Jill Biden, the first lady, tested positive for Covid-19, the White House announced late Monday night, but she is experiencing only mild symptoms and will remain at the family home in Rehoboth Beach, Del., where she and President Biden spent part of the weekend. Mr. Biden tested negative for the virus after the first lady’s diagnosis, a spokeswoman said. The president returned to the White House on Monday evening. Officials said Mr. Biden would continue to test on “a regular cadence” throughout the week and would monitor for possible signs of infection. The first lady’s diagnosis is a reminder that Covid-19 remains a potent virus in the country.

Persons: Jill Biden, Biden, Mr Organizations: White House, White Locations: Rehoboth Beach, Del, United States

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. The price range, which has not been previously reported, would translate into a valuation for Arm of roughly between $50 billion and $54 billion, and an offering of $5 billion to $5.4 billion. It would make Arm the most valuable company to list in New York since electric car maker Rivian Automotive (RIVN.O) debuted in 2021. The valuation Arm is currently seeking represents a climb-down from the $64 billion valuation at which SoftBank acquired the 25% stake in the company it did not already own from its $100 billion Vision Fund last month. Arm has already signed up many of its major clients as investors in its IPO, Reuters reported on Friday.

Persons: Dado Ruvic, SoftBank, Echo Wang, Greg Roumeliotis, Matthew Lewis, Chizu Organizations: REUTERS, Arm Holdings, SoftBank Group Corp, Rivian, Reuters, Apple Inc, Nvidia Corp, Inc, Devices Inc, Intel Corp, Samsung Electronics Co, Cadence Design Systems, Synopsys Inc, Thomson Locations: New York

☆ Exclusive: Arm signs up big tech firms for IPO at $50 billion-$55 billion valuation
▼ + stars: | 2023-09-01 | by ( Echo Wang | Thomson Reuters | Echo Wang Is A Correspondent At Reuters Covering U.S. Equity Capital Markets | ) www.reuters.com time to read: +3 min

The talks are ongoing and some other potential investors are also in discussions to invest in the IPO, the sources added. SoftBank Group Corp (9984.T), which owns Britain-based Arm, is targeting a valuation between $50 billion and $55 billion, Reuters reported earlier on Friday. Arm's clients have agreed to invest in that valuation range, the sources said. Arm and SoftBank have set aside 10% of the shares to be sold in the IPO for its clients, Reuters has previously reported. The Wall Street Journal reported on Arm's valuation target earlier on Friday.

Persons: Dado Ruvic, SoftBank, Echo Wang, Anirban Sen, Rosalba O'Brien Organizations: REUTERS, Arm Holdings, Apple Inc, Nvidia Corp, Inc, Devices Inc, Intel Corp, Samsung Electronics Co, Cadence Design Systems, Synopsys Inc, SoftBank Group Corp, Reuters, Apple, Nvidia, Amazon.com Inc, AMD, Intel, Samsung, Cadence, Street, Thomson Locations: Britain, New York

☆ Exclusive: Arm signs up big tech firms for IPO at $50 bln-$55 bln valuation -sources
▼ + stars: | 2023-09-01 | by ( Echo Wang | Thomson Reuters | Echo Wang Is A Correspondent At Reuters Covering U.S. Equity Capital Markets | ) www.reuters.com time to read: +3 min

☆ A MAGA news network isn't sure if it got duped by an AI version of Trump in a 17-minute call
▼ + stars: | 2023-09-01 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A TV network's founder has said he's not sure a recent "Trump" interview was really him. In a phone-in on Real America's Voice, the caller sounded glitchy and stilted. Real America's Voice streamed the audio-only interview on Thursday, with hosts John Solomon and Amanda Head. "It's not AI, it was President Trump," he told The Daily Beast. AdvertisementAdvertisementRepresentatives for Real America's Voice and its owner, Performance One Media LLC, did not immediately respond to Insider's out-of-hours requests for comment.

Persons: he's, Donald Trump, John Solomon, Amanda Head, Joe Biden, Trump, Robert J Sigg, Solomon, Ron DeSantis Organizations: Real America's Voice, Morning, Trump, Daily, America's, Truth, Gov

☆ Social Media Is Dead: Instagram, TikTok Replaced by Group Chats, Messaging
▼ + stars: | 2023-08-30 | by ( Sydney Bradley | Amanda Perelli | ) www.businessinsider.com time to read: +15 min

Frustrated with the state of the platform, Breuning launched the "Make Instagram Instagram Again'' crusade in 2022. Influencers, marketers, average users, and even social-media executives agree: Social media, as we once knew it, is dead. Social media to social mediaNo app better defines the changing nature of social media than Instagram. "I'm honestly just tired of social media," said 23-year-old Walid Malb, who works in the creator economy. Amanda Perelli is a senior creator economy reporter covering social media influencers, advertising and marketing trends for Insider.

Persons: Tati, everyone's, Bruening, Breuning, algorithmically, Kylie Jenner, Adam Mosseri, Instagram, Jeffrey Gerson, Sarah Frier, Influencers, Mosseri, Hannah Stowe, Andrea Casanova, Casanova, I'm, Walid Malb, —, Gerson, Nina Haines, Victoria Johnston, Johnston, Lia Haberman, Alpha, they're, Haberman, wouldn't, Amanda Perelli, Bradley Organizations: Bloomberg, Apple, Twitter, UCLA, American Influencer Council, Social, . Locations: Instagram, New York, Similarweb, Castro, Geneva

☆ BofA names its 5 favorite AI-linked stocks — giving one 30% upside
▼ + stars: | 2023-08-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

It gave the stock a price target of $1,050, or nearly 20% upside. Nvidia: BofA said the firm still has "stronger growth opportunities ahead," as data centers could face strong long-term demand. It gave the stock a price target of $80, or around 30% upside. The bank gave the stock a price target of $510, or nearly 14% upside. The bank gave the stock a price target of $285, or 25% upside.

Persons: BofA, — CNBC's Michael Bloom Organizations: Nvidia, Facebook, Google, Microsoft, Broadcom, Marvell, Cadence

☆ Dollar steady as Fed's Powell says higher rates may be needed
▼ + stars: | 2023-08-25 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

[1/2] U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The U.S. dollar index - which measures the currency against six major counterparts - was about flat at $104.06 after rising to 104.44, its highest since June 1. Interest rate futures tied to the Fed's policy rate on Friday priced in a more than even chance of tightening at either the November or December policy meetings. On Friday, the euro was 0.01% lower against the dollar at $1.08085. Against the yen , the dollar was up 0.31% to 146.28.

Persons: Dado Ruvic, Jerome Powell, Powell, Karl Schamotta, Ben, Bernanke, Mario, Draghi, Schamotta, bitcoin, Saqib Iqbal Ahmed, Dhara Ranasinghe, Ankur Banerjee, Kirsten Donovan, Christina Fincher, Nick Zieminski, Jonathan Oatis Organizations: REUTERS, U.S, Federal, European Central Bank, Global Research, Reuters, of, Thomson Locations: Jackson Hole , Wyoming, U.S, Toronto, Britain, London, Singapore

☆ A Panel-by-Panel Life of the Man Who Created Charlie Brown
▼ + stars: | 2023-08-25 | by ( Jeff Smith | ) www.nytimes.com time to read: +2 min

FUNNY THINGS: A Comic Strip Biography of Charles M. Schulz, written by Luca Debus and Francesco Matteuzzi. Illustrated by Luca Debus. Charles M. Schulz was a complicated man. “Funny Things,” the new hand-drawn biography of Schulz by Luca Debus and Francesco Matteuzzi, doesn’t shy away from these other traits. Fortunately (and this becomes clear in “Funny Things” almost immediately), “Peanuts” was all that to Debus and Matteuzzi, too.

Persons: Charles M, Schulz, Luca Debus, Francesco Matteuzzi, Charlie Brown, Lucy Van Pelt, Sparky, Michelangelo, “, Moby, Dick ”, ”, Jeannie ”, Mister Ed, Dagwood, Snoopy, Bone, Debus

☆ Solar Orbiter observes jets of material escaping the sun
▼ + stars: | 2023-08-24 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —The Solar Orbiter mission has discovered jets of material rapidly releasing from the sun’s outer atmosphere. An artist's concept shows the Solar Orbiter spacecraft circling the sun. The advanced instruments aboard Solar Orbiter, as well as NASA’s Parker Solar Probe, are helping to unlock the biggest mysteries that remain about the sun. The sun’s magnetic field is so massive that it stretches beyond Pluto, providing a pathway for solar wind to travel directly across the solar system. Solar Orbiter works in tandem with Parker Solar Probe, which is orbiting the sun on a seven-year mission after launching in August 2018.

Persons: “, ”, Lakshmi Pradeep Chitta, Max Planck, NASA’s Parker, Andrei Zhukov, ESA’s Daniel Müller, Parker Organizations: CNN, Orbiter, NASA, European Space Agency, Solar, ESA, Max, Max Planck Institute, Solar System Research, Probe, Space, Royal Observatory of, Solar Orbiter, Parker Locations: Germany, Royal Observatory of Belgium

☆ A 33-year-old who built up a 6-figure net worth through 'lazy investing' says even though 2022 was a 'a decidedly bad year for investors,' he didn't change his investment strategy. Here's what his por
▼ + stars: | 2023-08-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

After paying off $42,000 worth of debt, he got serious about investing and built up a six-figure net worth through "lazy investing" while saving for his first home simultaneously. He reacted to the 2022 downturn similarly to how he did when the stock market crashed in 2020: apathetically. These are Vanguard, Fidelity, and Schwab's total stock market index funds. Another component of the lazy investing strategy is periodic rebalancing. It probably shouldn't be any more than four times a year because then the 'lazy investing' turns a bit too hands on."

Persons: Jesse Cramer, Berkshire Hathaway, Cramer, haven't, I'm, hasn't, they're, Cramer rebalances, it's, Berkshire Hathaway Cramer doesn't, Warren Buffett, Charlie Munger, Hathaway, I'd Organizations: Berkshire, Vanguard, Fidelity Locations: Berkshire

☆ Oceans absorb 90% of the heat from climate change — here's why record ocean temps are so harmful
▼ + stars: | 2023-08-16 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +22 min

"Over 90 percent of the excess energy on earth due to climate change is found in warmer oceans, some of it in surface oceans and some at depth." Put simply, the greenhouse gases serve to trap more heat, some of which is absorbed by the ocean," Kirtman told CNBC. In addition to the daily record on July 31, the monthly sea surface temperature for July was the hottest July on record, "by far," Copernicus said. CopernicusThese record sea surface temperatures arise from multiple factors, including the El Niño weather pattern, which is currently in effect. "These climate variations occur when sea surface temperature patterns of warming and cooling self-reinforce by changing patterns of winds and precipitation that deepen the sea surface temperature changes."

Persons: Baylor, Carlos E, Del Castillo, Castillo, Benjamin Kirtman, Kirtman, Copernicus, Gavin Schmidt, Kemper, Zeke Hausfather, Sarah Kapnick, Kapnick, Kempler, Hurricane Ian, Michael Lowry, Lowry, Rainer Froese, Daniel Pauly, Pauly, Vigfus, pollack, Sean Gallup, Lorenz Hauser, Hauser, Froese, Phanor Montoya, Javier, Carolyn Cole, Hans W, Paerl, Justin Sullivan, Christopher Gobler, Gobler, Gary Griggs, Kimberly McKenna, Angela Weiss, Griggs, it's, Judith Kildow, Kildow, It's Organizations: International, Baylor Fox, Kemper, Brown University, CNBC, Ecology Laboratory, NASA, University of Miami, NASA Goddard Institute for Space Studies, Fox, El, Oceanic Atmospheric Administration, heatwave, NOAA, Northern Hemisphere, Miami Herald, Tribune, Service, Getty, Helmholtz, Ocean Research, University of British Columbia's Institute, Fisheries, School of, Fishery Sciences, Restoration Foundation, Coral Restoration Foundation, Looe Key, Los Angeles Times, University of North, Chapel Hill's Institute of Marine Sciences, Berkeley Marina, San, Quality, Centers for Disease Control, Stony Brooke University's School of Marine, Atmospheric Sciences, University of California, Stockton University Coastal Research, Afp, Ocean Economics Locations: Florida, El, Pacific, Berkeley, Fort Myers, Hurricane, Germany, New York, Nova Scotia, Hofn, Hornafjordur, Iceland, Seattle, Alaska, Looe, University of North Carolina, San Francisco Bay, Berkeley , California, San Francisco, Europe, Santa Cruz, Atlantic City , New Jersey, Atlantic City, Antarctica, Greenland

☆ How Are You Building Corporate Culture in Hybrid Times?
▼ + stars: | 2023-08-15 | by ( Demetria Gallegos | ) www.wsj.com time to read: 1 min

As remote work takes hold, co-workers who call into your meeting might even be based locally. Photo: Getty ImagesIt’s a new cadence for work these days, with many workers rarely—if ever—coming into the office. Under those conditions, how do you build and sustain a corporate culture? How do you make sure workers are on the same page when it comes to how they work and the mission that leaders are hoping to accomplish?

That has made it tricky to predict consumer spending. The swirl of confusing trends tees up a closely watched retail earnings season that could offer more clarity about consumers and the economy. As inflation cools, the growth of average hourly earnings has begun to outpace the rise in the consumer price index. He called low unemployment "the big offset that's helped consumer spending hang in." "I thought with all of the revenge travel that's been happening, that would impact consumer spending on goods," she said.

Persons: Aditya Bhave, that's, Andrew Garthwaite, That's, Levi Strauss, Chip Bergh, Michael Baker, Davidson, splurge, Baker, Taylor Swift, Davidson's Baker, Nikki Baird, she's, I'm, Corie Barry, headboards Organizations: Getty, Bank of America, Target, Walmart, JPMorgan, Wall, Federal Reserve, Credit Suisse, U.S, of Labor Statistics, CNBC, . Bureau, Labor, D.A, New York Federal Reserve, Federal Reserve Board Locations: Waterbury , Connecticut, U.S, Italy

☆ Arm IPO depends on more than Big Tech support
▼ + stars: | 2023-08-14 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationLONDON, Aug 14 (Reuters Breakingviews) - Arm is phoning Big Tech friends for help with its initial public offering. Backing from some of the world’s largest technology companies would also provide a useful marketing boost. Investments from big tech companies risk scrutiny from antitrust regulators, who previously blocked chip specialist Nvidia from buying Arm. Reuters Graphics Reuters GraphicsArm and its owner, Japan’s SoftBank Group (9984.T), will therefore need to win over big institutional investors. That’s well below the $60 billion to $70 billion that Bloomberg recently reported Arm is aiming for.

Persons: Dado Ruvic, Rene Haas, Taiwan’s TSMC, Japan’s, Bernstein, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, Big Tech, Nvidia, Apple, Google, Microsoft, Investments, U.S . Federal Trade Commission, Reuters Graphics, Cadence Design Systems, Bloomberg, Reuters Graphics Reuters, Intel, Samsung Electronics, Japan’s SoftBank, Nasdaq, Thomson Locations: U.S, ASML, Cambridge

☆ Wall Street praises Rocket Lab's performance and sees stock climbing: 'Yet another strong quarter'
▼ + stars: | 2023-08-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Wall Street was largely effusive about Rocket Lab's execution and growth, as analysts reacted to the space company's second-quarter results from Tuesday. Rocket Lab stock slid about 4% in early trading on Wednesday, after rising as much as 10% in premarket, from its previous close at $6.66 a share. Here's what analysts had to say about Rocket Lab's performance. Morgan Stanley — Overweight, $10 price target The firm's Kristine Liwag believes Rocket Lab stock "still has room to run" despite climbing about 70% so far this year. Roth Capital – Buy, $10 price target Analyst Suji Desilva also emphasized Rocket Lab's "steady launch execution" and expansion toward becoming an "end-to-end vendor" in the space market.

Persons: Ron Epstein, Epstein, Edison Yu, Morgan Stanley —, Kristine Liwag, Liwag, Stifel, Erik Rasmussen, Rasmussen, Roth, Suji Desilva, Jason Gursky, Gursky, Michael Bloom Organizations: Rocket, Bank of America, Deutsche, Citi Locations: premarket, U.S

☆ What does Moody’s downgrade mean for markets?
▼ + stars: | 2023-08-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Moody’s on Monday evening downgraded 10 US banks and put the credit ratings of six others on review, an indication that the agency could also eventually downgrade those institutions. Some investors say that while the Moody’s downgrade isn’t groundbreaking, it’s a reminder that the economy, and markets, still have challenges ahead. Moody’s downgraded Commerce Bank, BOK Financial, M&T Bank, Old National Bank, Prosperity Bank, Amarillo National Bank, Webster Financial, Fulton Financial, Pinnacle Financial and Associated Bank. Wall Street firms fined $549 million for using WhatsApp and other channelsWells Fargo is among a number of Wall Street firms that admitted Tuesday to using WhatsApp, Signal and other messaging platforms for “off-channel” communications in violation of federal recordkeeping requirements. The Securities and Exchange Commission said the Wall Street firms acknowledged wrongdoing and have agreed to pay penalties totaling $289 million, reports my colleague Matt Egan.

Persons: CNN — Moody’s, JPMorgan Chase, Wells, Goldman Sachs, BNY, Cullen, Frost, ” Moody’s, ”, Kara Murphy, Fitch, Christopher Marinac, Janney Montgomery Scott, Price, Matt Egan, Houlihan Lokey, Alicia Wallace Organizations: CNN Business, Bell, CNN, Bank, Dow Jones, Nasdaq, JPMorgan, Banking, BNY Mellon, Northern Trust, Frost Bankers, Truist Financial, US Bank, Moody’s, Commerce Bank, BOK, T Bank, National Bank, Prosperity Bank, Amarillo National Bank, Webster Financial, Fulton Financial, Pinnacle Financial, Associated Bank, PNC Financial Services, Financial, Citizens Financial, Fifth Third Bank, Huntington Bank, Regions Financial, Cadence Bank, FNB Corp, Simmons, Ally Financial, Bank OZK, Valley Bank, Signature Bank, Federal Reserve, Kestra Investment Management, Consumer, Wall Street, Securities, Exchange Commission, SEC, BNP, SG Americas, BMO Capital Markets, Mizuho Securities, SMBC Nikko Securities, Federal Reserve Bank of New Locations: Wells Fargo, Amarillo, Marinac, Wells, SMBC Nikko Securities America, WhatsApp, Federal Reserve Bank of New York, York

☆ Trump Prepares to Make Familiar Trip to Courthouse, This Time in Washington
▼ + stars: | 2023-08-02 | by ( Glenn Thrush | More About Glenn Thrush | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump is expected to appear at 4 p.m. on Thursday in the U.S. federal courthouse at the foot of Capitol Hill, the site of a yearslong government effort to hold accountable those who tried to subvert democracy. His second federal indictment is likely to follow a cadence similar to his first. The former president will fly down on his private jet from his golf club in Bedminster, N.J. He is expected to arrive between 3 and 4 p.m., at the E. Barrett Prettyman courthouse, the venue for dozens of trials stemming from the Jan. 6, 2021, attack on the Capitol. (He was arraigned in New York in the spring in connection with a hush-money payment to a pornographic actress before the 2016 election.)

Persons: Donald J, Trump, Barrett Organizations: White, Capitol, U.S . Marshals Service Locations: U.S, Miami, Bedminster, N.J, New York

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