DIRS.INFO The most relevant business & tech news

☆ The average stock isn't doing as well as the indices, says AllianceBernstein's Jim Tierney
▼ + stars: | 2023-10-18 | 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 average stock isn't doing as well as the indices, says AllianceBernstein's Jim TierneyJim Tierney, AllianceBernstein CIO, joins 'Power Lunch' to discuss the state of the market and what to expect from earnings season.

Persons: Jim Tierney Jim Tierney Organizations: AllianceBernstein

☆ The rise and fall of pharma bigwig Rite Aid, which couldn't keep up with rivals Walgreen and CVS
▼ + stars: | 2023-10-16 | by ( Nidhi Pandurangi | Grace Dean | ) www.businessinsider.com time to read: +5 min

Rite Aid filed for voluntary Chapter 11 bankruptcy on Sunday following slumping sales and a series of lawsuits. Rite Aid, which has over 47,000 employees, has struggled in recent years to compete against larger peers like CVS and Walgreens Boots Alliance, as well as Amazon. Rite Aid has faced growing competition from direct-to-consumer pharmacy startups as well as medication deliveries from the likes of Amazon and Uber. Rite Aid also experienced supply chain challenges after changing supplier for many of its perishable consumer goods and shrink "continued to be a significant headwind," Burr said. Representatives for Rite Aid did not immediately respond for Insider's request for further comment beyond sending statements about Stein's appointment and its Chapter 11 bankruptcy filing.

Persons: it's, —, Jeffrey S, Stein, Elizabeth Burr, Heyward Donigan, Donigan, Burr, there'd Organizations: Service, Rite, Walgreens Boots Alliance, Rite Aid, pharma, Aid, Discount, Rite Aid Corporation, PayLess, Walgreens, Albertsons, New York Times Locations: New Jersey, Scranton , Pennsylvania

☆ The bitcoin safe haven trade is back on, says Bernstein
▼ + stars: | 2023-10-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

With recession fears swelling again, investors seeking a safe place to put their assets should be interested in bitcoin , says Bernstein. The cryptocurrency, which has grown in popularity among institutions for its "digital gold" qualities, has an "enviable return record" versus physical gold, Bernstein analyst Gautam Chhugani said in a note Monday. "Bitcoin's hard money properties makes it an attractive 'safe haven' asset. "The early stages of bitcoin adoption, naturally, makes it more attractive [than] gold, with bitcoin market cap at less than 5% of Gold's market value (of above ground reserves)." Jefferies also recently said bitcoin is a "critical hedge" against currency debasement and the return of inflation.

Persons: Bernstein, Gautam Chhugani, bitcoin, Bitcoin, Chhugani, Paul Tudor Jones, Jefferies, CNBC's Michael Bloom Organizations: CNBC Locations: U.S

☆ ‘Best performing emerging market’: Analysts name stocks to cash in on India’s boom
▼ + stars: | 2023-10-13 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

"India has been the best performing Emerging Market in terms of USD returns at 8%, surpassing Brazil at 6%," they wrote. In terms of asset allocation, AllianceBernstein is overweight on financials, while allocating a small portion of this weight to utilities. Delhivery is another favorite stock, with a price target of 460 Indian rupees, giving it around 5% upside. Electricity generation company NTPC made the list for its opportunities in thermal, renewables and green hydrogen, the analysts wrote. The asset manager is overweight on the stock at 274 Indian Rupees representing an upside of almost 15% from its Oct. 11 close.

Persons: AllianceBernstein, Venugopal Garre, Zomato, NTPC, Paytm, it's, — CNBC's Michael Bloom Organizations: Stock, HDFC Bank, Jio Financial Services Locations: India, Brazil

"Mr Staley failed to do this. "In its response, Barclays relied on information supplied by Mr Staley. "In reality, in emails between the two Mr Staley described Mr Epstein as one of his 'deepest' and 'most cherished' friends," it added. "The FCA has found that Mr Staley was aware of the risk that his association with Mr Epstein posed to his career," it added. In an email titled 'Friendship' in October 2015, Staley wrote: "You never wavered in our friendship these last three years.

Persons: Jes Staley, Jeffrey Epstein, Mr Staley, Epstein, Staley, Arnold, Porter, Mr Epstein, Therese Chambers, JP Morgan Chase JPM.N, JP Morgan, Huw Jones, Sinead Cruise, Kirstin Ridley, Iain Withers, Alexander Smith Organizations: Ex, Barclays, Authority, FCA, Barclays Board, U.S . Virgin, Thomson Locations: New York

"In its response, Barclays relied on information supplied by Mr Staley. Mr Staley confirmed the letter was fair and accurate," the FCA said. "In reality, in emails between the two Mr Staley described Mr Epstein as one of his 'deepest' and 'most cherished' friends," it added. "The FCA has found that Mr Staley was aware of the risk that his association with Mr Epstein posed to his career," the watchdog added. "Mr Staley failed to do this.

Persons: Jes Staley, Jeffrey Epstein, Staley, Arnold, Porter, Epstein, Mr Staley, Mr Epstein, Therese Chambers, JP Morgan Chase JPM.N, JP Morgan, Huw Jones, Sinead Cruise, Kirstin Ridley, Iain Withers, Alexander Smith Organizations: Authority, Barclays, FCA, Bank of England, Barclays Board, U.S . Virgin, Thomson Locations: New York

Butler, a Democratic insider and former labor leader, had never held public office before joining the Senate. Under California election rules, the two candidates who receive the most votes advance to the November general election, regardless of party. But to Democratic consultant Garry South, who has run six statewide campaigns in California, including for former Gov. Then, on the campaign side, Butler could talk about Democratic legislative wins and building on Feinstein’s legacy. National Democratic fundraising could pose a challenge in 2024, since the California Senate seat is expected to stay in Democratic hands when control of the chamber will be decided elsewhere.

Persons: Sen, Dianne Feinstein, Laphonza Butler, Gavin Newsom, Butler, Feinstein, Katie Porter, Adam Schiff, Barbara Lee —, Steve Garvey, coy, she’s, I’m, ”, “ It's, Schiff, Nancy Pelosi, Newsom, “, Rebecca Pearcey, Elizabeth Warren’s, “ It’s, Garry South, Gray Davis, ’, ” Newsom, Kamala Harris ’, Newsom’s, Lee, ” Schiff, Porter, Pearcey, ” Pearcey, Washington gridlock, Butler “, she'll Organizations: ANGELES, Democratic, Senate, Democratic House, Associated Press, ., Gov, Airbnb, Capitol, Democratic Party, National Democratic, California Senate Locations: U.S, California, Washington, Laguna Niguel, Los Angeles

☆ Cracks are forming in the auto industry, says Bernstein's Stacy Rasgon
▼ + stars: | 2023-10-11 | 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 EmailCracks are forming in the auto industry, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research managing direction and senior analyst, joins 'Closing Bell' to discuss the semiconductor industry outlook ahead of earnings, cracks in the autos industry, and more.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon Organizations: Bernstein Research

LOS ANGELES (AP) — Former baseball MVP Steve Garvey joined the race Tuesday to succeed the late California Sen. Dianne Feinstein, giving Republicans a splash of star quality on the ballot in a heavily Democratic state where the GOP hasn’t won a Senate race in 35 years. He did not answer directly when asked if he considered himself part of the Trump wing of the GOP. In California's last two Senate races, GOP candidates performed so poorly that only Democrats appeared on the November ballot. The last Republican to win a Senate race in the state was in 1988. Garvey confirmed in June that he was considering entering the Senate race, and his candidacy was widely expected.

Persons: Steve Garvey, California Sen, Dianne Feinstein, GOP hasn’t, Garvey, Donald Trump, “, ” Garvey, “ It’s, Trump, ”, Katie Porter, Adam Schiff, Barbara Lee, Sen, Laphonza Butler, Gavin Newsom, Joe Biden’s, Wade, Republicans —, haven't, Eric Early, “ We're, wasn't, I’ve Organizations: ANGELES, Republicans, GOP, Los Angeles Dodgers, San Diego Padres, Democrats, Trump, National League MVP, Democratic U.S, Reps, Republican, Democratic, Senate, Dodger Locations: California, Mexico, U.S

☆ Could Apple be a casualty of the DOJ suit targeting Google?
▼ + stars: | 2023-10-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The U.S. Department of Justice's case against Google Search went to trial last month , with the agency alleging Google unfairly used exclusive deals with mobile companies and browser firms to make its search engine the default for consumers. The Wall Street analyst estimated that Apple earns between $18 billion to $20 billion a year from Alphabet for making Google the default search engine on Apple products. Google has repeatedly rejected the DOJ's claims, arguing its search engine is simply a superior product relative to that of competitors. Google Search didn't become the dominant search engine because of a tie-in with Apple. AAPL YTD mountain Apple (AAPL) year-to-date performance When it comes to Apple, we have found that the best strategy for long-term investors like us is to block out the noise.

Persons: Apple, Bernstein, Toni Sacconaghi, John E, Bernstein's Sacconaghi, Sacconaghi, Jim Cramer's, Jim Cramer, Jim, Sundar Pichai, Tim Cook, Joe Biden, Anna Moneymaker Organizations: U.S . Department, Google, Apple, Wall, Big Tech, CNBC, White, Washington , D.C, Getty Locations: U.S, Washington ,

☆ California's new senator says Kamala Harris's detractors need to 'cut the bullshit' and are being 'disrespectful'
▼ + stars: | 2023-10-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

California Sen. Laphonza Butler is defending Vice President Kamala Harris. Butler says Harris's detractors need to "cut the bullshit" and are being "disrespectful." AdvertisementAdvertisementIt remains unclear how long Laphonza Butler will be serving in the Senate, but one thing is clear: She's a staunch defender of Vice President Kamala Harris. In an interview with the New York Times before being appointed as California's new US senator, Butler said that detractors of Harris need to "cut the bullshit." Harris has long been dogged by criticism of her tenure as vice president, and she's argued that she's faced more media scrutiny than prior vice presidents.

Persons: California Sen, Laphonza Butler, Kamala Harris, Butler, Harris, —, Sen, Dianne Feinstein, Gavin Newsom, Adam Schiff, Katie Porter, Barbara Lee —, I've, she's, Joe Biden, Biden, Nancy Pelosi, Biden's, Jamie Raskin Organizations: Service, New York Times, Democratic, CNN Locations: California

☆ Bernstein's Laurent Yoon explains why Disney is an attractive investment
▼ + stars: | 2023-10-09 | 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 EmailBernstein's Laurent Yoon explains why Disney is an attractive investmentLaurent Yoon, analyst at Bernstein, joins 'The Exchange' to discuss Nelson Peltz reigniting his proxy war with Disney, Disney's stake in Hulu and its DTC offerings, and the strength of Disney's parks component.

Persons: Laurent Yoon, Bernstein, Nelson Peltz Organizations: Disney Locations: Hulu

☆ Newsom's selection of Laphonza Butler to fill Feinstein's Senate seat came together so quickly that Butler's mother learned of the appointment from a news alert
▼ + stars: | 2023-10-09 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

After Sen. Feinstein's death in September, Gov. Newsom would eventually tap Laphonza Butler, a well-connected former union leader and ex-UC regent. The selection process was so swift that Butler's mother learned of the appointment from a news alert, per Politico. The Senate selection process had been so swift that Butler's mother found out about the appointment through a news alert, according to two individuals with knowledge of the timeline who spoke with the news outlet. Democratic Reps. Barbara Lee, Katie Porter, and Adam Schiff are the leading officeholders already in the race for the Senate seat.

Persons: Sen, Newsom, Laphonza Butler, —, Dianne Feinstein, Gavin Newsom, Chuck Schumer, State Shirley Weber, Butler, Feinstein, Democratic Sen, Alex Padilla, wouldn't, she'll, Barbara Lee, Katie Porter, Adam Schiff Organizations: Gov, UC, Politico, Service, eventual, New York, University of California, State, Golden State, Democratic, Senate Locations: California

☆ With McCarthy out as Speaker, Pelosi no longer in party leadership, and Feinstein's death, California's clout in Congress has taken a major hit. The Golden State is now at a political crossroads.
▼ + stars: | 2023-10-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

The upcoming elections will also test the longstanding political sway of the San Francisco Bay Area. Dianne Feinstein is pictured on March 21, 1984, during her tenure as mayor of San Francisco. For generations, the center of political gravity in California has been in the San Francisco Bay Area. AdvertisementAdvertisementVice President Kamala Harris is a former San Francisco District Attorney. And Feinstein, a former San Francisco mayor, served in the Senate from 1992 until her death last month.

Persons: —, Nancy Pelosi, Kevin McCarthy, Dianne Feinstein —, McCarthy, Pelosi, Andrew Harnik, Arnold Schwarzenegger, Steve Poizner, Steve Scalise, Jim Jordan, Hakeem Jeffries, Gavin Newsom, Sen, Feinstein, Dianne Feinstein, Eric, Kamala Harris, Newsom, Jerry Brown, Barbara Boxer, Ron Dellums, Southern California . Sen, Alex Padilla, Harris, Laphonza Butler, Butler, Katie Porter, Adam Schiff —, Barbara Lee Organizations: San Francisco Bay Area, Service, Capitol, House Democratic Caucus, Senate Intelligence, AP, California Republican, Gov, San Francisco, Oakland, San, Southern California ., Democratic, Southern California . Rep, — Locations: California, San Francisco Bay, Bakersfield, San Francisco, Louisiana, Ohio, New York, Eric Risberg, San, Southern California, Los Angeles, Bay, Orange

☆ Stocks to bet on China’s economic future after the real estate pain ends
▼ + stars: | 2023-10-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For example, China's urbanization rate in 2022 was 64%, the same as Japan's back in the 1960s, she said, noting Japan's urbanization rate in the 1990s was a much higher 77%. China is also leading in innovation based on research and development spending as a percentage of sales, the report said. Easier said than done, especially since that debt and urban development are linked to a struggling real estate sector that's accounted for about a quarter of China's economy. After a summer of mounting worries about China's growth prospects, KKR's head of global macro, Henry McVey, made yet another trip to the region . He pointed to China's push to reduce carbon emissions and increase the integration of tech in the economy — such as through automation.

Persons: Yao Yang, Yao, Bernstein, Rupal Agarwal, Bernstein's Agarwal, BYD — Bernstein, Meituan, Henry McVey, CNBC's Michael Bloom Organizations: Tokyo, CNBC, National School of Development, Peking University, KKR, Citi Locations: China, Japan, Asia, Hong Kong

☆ Albert Einstein used to ponder these 5 mind-melting questions for fun. Can you figure them out?
▼ + stars: | 2023-10-06 | by ( Ali Sundermier | Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

"One sees in this paradox the germ of the special relativity theory is already contained," Einstein wrote in his "Autobiographical Notes." This is a cornerstone of Einstein's special theory of relativity. One of Einstein's thought experiments had to do with quantum entanglement, which he called "spooky action at a distance." AdvertisementAdvertisementMany scientists have spent decades researching Einstein's thought experiments. But Einstein thought particles behaved more like real coins.

Persons: Albert Einstein, —, Stringer, Einstein, simultaneity, Ernst Haas, Niels Bohr Organizations: Service, Central Press, Getty

☆ Bernstein's bullish call on Disney
▼ + stars: | 2023-10-06 | 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 EmailBernstein's bullish call on DisneyThe "Halftime Report" traders debate the biggest analyst calls of the day.

Organizations: Disney

☆ Former Spanish king hints at return to public life after winning UK harassment case
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +3 min

Spain's former King Juan Carlos arrives at Sanxenxo during his second visit to the country since departing to Abu Dhabi in August 2020 after a number of scandals shook the Spanish Royal House, in Sanxenxo, Spain, April 19, 2023. The 85-year-old ex-monarch was being sued by Corinna zu Sayn-Wittgenstein-Sayn, who alleged Juan Carlos orchestrated threats, surveillance and intimidation from 2012. Juan Carlos' spokesperson said in a statement: "Today's decision, favourable to His Majesty, re-establishes the conditions necessary for further public appearances." The former king moved to Abu Dhabi in 2020 under a cloud of scandals which shook the Royal House and has not participated in any official act with the Spanish royal family since. The Spanish royal household declined to comment on Juan Carlos' statement on Friday.

Persons: King Juan Carlos, Miguel Vidal, Corinna zu Sayn, Wittgenstein, Sayn, Juan Carlos, Juan Carlos –, –, Princess Diana, Rowena Collins Rice, Sam Tobin, Inti, William James, Alex Richardson, Nick Macfie Organizations: Spanish Royal House, REUTERS, London's, Royal, Inti Landauro, Thomson Locations: Sanxenxo, Abu Dhabi, Spain, London, Sayn, Swiss, Granada

☆ Sam Bankman-Fried isn't the only one on trial. The entire crypto industry is.
▼ + stars: | 2023-10-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

But first, we're looking at why FTX cofounder and ex-CEO Sam Bankman-Fried's criminal trial has implications that could upend the entire crypto industry. Bankman-Fried, the cofounder and ex-CEO of crypto exchange FTX, was deeply enmeshed in the crypto ecosystem. The proceedings will likely provide more fascinating details about the inner workings of FTX and the broader crypto industry, potentially airing out its dirty laundry and shortcomings. Chelsea Jia FengThe crypto industry, meanwhile, is ready to move on. Some in the crypto industry are embracing a more grown-up approach.

Persons: —, Sam Bankman, Donald Trump's, JANE ROSENBERG, Tom Brady, Kevin O'Leary, Michael Lewis, Katie Balevic, Jacob Shamsian, Grace Kay, Mark Cohen, Caroline Ellison, Chelsea Jia Feng, they'll, Spencer Platt, what's, Michael M, Arvind Krishna, Rahul Pandey's, Seth Wenig, AP Trump, scowled, Donald Trump, Tyler Le, Dianne Feinstein's, Kamala Harris, Sen, Chuck Schumer, Marc Anthony, Sofia Reyes, Pluma, Bad, Wells, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan, Annie Smith, Shona Ghosh, Jack Sommers, Spriha Srivastava Organizations: Service, Tech, Chelsea, Financial, Fidelity, PayPal, Visa, Getty, Treasury, Wall, Nvidia, IBM's, Meta, AP, IRS, trailblazing, Grupo Frontera, NBA, Dallas Mavericks, Minnesota Timberwolves, Etihad Arena, The Dallas Mavericks, Etihad, Corporation National Media Locations: crypto's, Plenty, trailblazing California, Abu Dhabi, New York City, San Diego, London, New York

☆ We are leading toward more chain restaurants in the U.S., says Bernstein's Danilo Gargiulo
▼ + stars: | 2023-10-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are leading toward more chain restaurants in the U.S., says Bernstein's Danilo GargiuloDanilo Gargiulo, AB Bernstein senior research analyst, joins 'Power Lunch' to discuss the future of restaurants and consumers.

Persons: Bernstein's Danilo Gargiulo Danilo Gargiulo Organizations: Bernstein Locations: U.S

SAN FRANCISCO (AP) — Vice President Kamala Harris and Senate Majority Leader Chuck Schumer will be among those delivering remarks at Thursday’s memorial for the late U.S. Sen. Dianne Feinstein on the steps of San Francisco City Hall, where she served as the city’s first female mayor. She wasn’t afraid to go after what she wanted,” said Lawanda Carter, 48, of San Francisco. Former U.S. House Speaker Nancy Pelosi, also of San Francisco, and Mayor London Breed were among the officials who paid their respects. Gavin Newsom, himself a former San Francisco mayor, and former California Gov. She steered San Francisco through the HIV and AIDS crisis, bringing attention to an epidemic ignored by President Ronald Reagan.

Persons: Kamala Harris, Chuck Schumer, Sen, Dianne Feinstein, Feinstein, ”, Lawanda Carter, ” Carter, Feinstein’s, Nancy Pelosi, Adam Russell, Joe Biden, Pelosi, Feinstein's, Eileen Mariano, Gavin Newsom, Jerry Brown, Barbara Boxer, ” Feinstein, George Moscone, Harvey Milk, Georgia Otterson, Feinstein wasn’t, “, Joan Baez, ” Otterson, Ronald Reagan, —, Newsom —, Breed, ” Breed, Dorothy Hudson, Cari Donovan, ” Donovan, “ I’m, Randy Herschaft, Christopher Weber Organizations: FRANCISCO, —, San, San Francisco City Hall, City Hall, Former U.S, Mayor London Breed, D.C, San Francisco, California Gov, U.S, U.S . Senate, Supervisors, Democratic National Convention Locations: U.S, San Francisco, Washington, San, Georgia, Castro District, Francisco, ” San Francisco, New York, Los Angeles

Feinstein's body will lie in state in the City Hall rotunda, with everyone from elected leaders to city residents expected to say goodbye. San Francisco would not be San Francisco without her. She really is,” said Riley, who signed a condolence book for the late senator at City Hall Friday. Mourners can pay their respects from 9 a.m. to 7 p.m.A memorial service will be held Thursday outside City Hall. —-Associated Press journalist Haven Daley in San Francisco and researcher Randy Herschaft in New York contributed to this report.

Persons: Sen, Dianne Feinstein, Feinstein, George Moscone, Harvey Milk, Ronald Reagan, —, Francisco's, Barbara Boxer, ” Feinstein, San Francisco Mayor London Breed, Breed, ” Breed, Terrence Riley, “, ”, Riley, Nancy Pelosi, Gavin Newsom —, John Konstin Sr, Pelosi, Kamala Harris, Chuck Schumer, Joe Biden, Haven Daley, Randy Herschaft Organizations: FRANCISCO, San Francisco City Hall, D.C, San Francisco, of Supervisors, City Hall, Democratic National Convention, U.S . Senate, San Francisco Mayor London, City, Gov, San, Democratic, Breed, Hall, U.S, Associated Press Locations: U.S, San Francisco, City, Washington, Francisco, California, New York

☆ San Francisco will say goodbye to Dianne Feinstein as her body lies in state at City Hall
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: +3 min

Senator for California Dianne Feinstein's casket arrives at San Francisco’s City Hall, California, U.S., October 4, 2023. Feinstein's body will lie in state in the City Hall rotunda, with everyone from elected leaders to city residents expected to say goodbye. San Francisco would not be San Francisco without her. Mayor London Breed prays over the casket of Senator Dianne Feinstein at San Francisco City Hall before a public viewing in San Francisco, California, U.S., October 4, 2023. Senator for California Dianne Feinstein, who died at age of 90 as people pay tribute at San Francisco City Hall, California, U.S., September 29, 2023.

Persons: California Dianne Feinstein's, Carlos Barria, Sen, Dianne Feinstein, Feinstein, George Moscone, Harvey Milk, Ronald Reagan, London Breed, Gabrielle Lurie, Reuters Feinstein, —, Francisco's, Barbara Boxer, San Francisco Mayor London Breed, Breed, Terrence Riley, Riley, Flowers Organizations: Democratic U.S, San Francisco’s City, San Francisco City Hall, D.C, San Francisco, of Supervisors, City Hall, Reuters, Democratic National Convention, U.S . Senate, San Francisco Mayor London, City Locations: California, San Francisco’s, San Francisco’s City Hall , California, U.S, San Francisco, City, Washington, Francisco, San Francisco , California, San Francisco City Hall , California

☆ Who is Laphonza Butler, Dianne Feinstein's replacement?
▼ + stars: | 2023-10-03 | by ( Tamara Lindstrom | Lilian Manansala | ) www.businessinsider.com time to read: 1 min

Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link.

☆ Butler sworn in to replace late California Sen. Feinstein, becoming third Black female senator in U.S. history
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: +4 min

Former union leader and Democratic insider Laphonza Butler was sworn in as the newest member of the Senate on Tuesday, replacing California Sen. Dianne Feinstein after her death and becoming only the third Black female senator in history. The first was Democratic Sen. Carol Moseley Braun of Illinois, who served one term in the 1990s. She was a giant in California politics, having been the first female mayor of San Francisco and a force in the state's Democratic circles. In the Senate, Feinstein was the first female chairwoman of the Senate Intelligence Committee and the first female top Democrat on the Senate Judiciary Committee. "Laphonza will carry the baton left by Sen. Feinstein (and) continue to break glass ceilings and fight for all Californians in Washington D.C.," Newsom said.

Persons: Kamala Harris, Laphonza Butler, Dianne Feinstein, Neneki Lee, California Sen, Butler, Gavin Newsom, Feinstein, Joe Biden, Democratic Sen, Carol Moseley Braun, Steven Horsford, Newsom, Harris, Katie Porter, Adam Schiff, Barbara Lee, Uber, Sen, Alex Padilla, Barbara Boxer, Moseley Braun, Sen . Feinstein Organizations: Senate, Capitol, Democratic, California Gov, Carol Moseley Braun of Illinois, Congressional, Caucus, CBC, House Democrats, California, Senate Intelligence, Washington D.C Locations: U.S, Washington , U.S, California, Washington, Carol Moseley Braun of, Butler, San Francisco

Search resuls for: "Stein's"

25 mentions found