Author: News Room
Beyoncé gave Justice Ketanji Brown Jackson four tickets to her concert last year, the justice disclosed in financial disclosure forms published Friday that also revealed that Jackson and other justices received six-figure payments in 2023 for book deals. Jackson, who reported an eye-popping $893,750 payment from a book publisher, was joined by Justices Brett Kavanaugh, Neil Gorsuch and Sonia Sotomayor in reporting income from books that they have published or have coming out in the future. The book deals have at times been controversial. Supreme Court justices and other government officials are capped on receiving more than about $30,000 in…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The lead manager in a funds scandal that led to a $6bn settlement between Germany’s Allianz and US authorities has pleaded guilty to investment adviser fraud, two years after two other managers pleaded guilty for their roles in the scheme. The scandal at one of its US asset management units rocked Allianz, one of the world’s biggest insurance groups, casting doubt over its control functions and triggering an apology from its chief executive.Gregoire Tournant pleaded guilty on Friday to two counts of investment…
So far this earnings season, a lot of air has come out of highly prized growth stocks as investors de-risk their portfolios amid all-time market highs. Even strong quarters failed to resonate in the markets, including Datadog’s (NASDAQ:DDOG) Q1 earnings print, which not only was a beat-and-raise quarter, but also showed accelerating growth and positive commentary about normalizing macro conditions. Year to date, shares of Datadog are down 5%, underperforming the broader market (which is fitting after a banner year in 2023). And yet, to me, the post-Q1 earnings drop for Datadog represents the stock inching closer to my buy…
Keith Gill is back. The famed meme stock icon, also known as “Roaring Kitty,” made a long-awaited appearance on a livestream on his YouTube channel Friday. Sporting long hair, a thick bandage wrapped around his head, gaudy white sunglasses, a sling and a beer, Gill livestreamed against a background of Yahoo! Finance’s GameStop stock ticker page. “It’s been a few years now. I hope y’all are good,” said Gill, a native of Brockton, Massachusetts. “This is me, by the way. I see a lot of question marks — ‘Is he back? Is it someone else?’ I mean, can you tell…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market wrap : Stocks were mixed and drifting in Friday afternoon trading. But the S & P 500 and Nasdaq were poised to post weekly gains. Both indexes on Wednesday closed at record highs. Wall Street’s earlier gains Friday came despite a surge in bond yields and another pushout of Federal Reserve interest rate cut odds. The culprits were strong-than-expected nonfarm payrolls growth and average hourly wages for May. Pricing in…
There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.Customers of fintech firms that used Synapse to link up with banks had $265 million in balances, while the banks themselves only had $180 million associated with those accounts, trustee Jelena McWilliams said in a report filed late Thursday.The missing funds explain what is at the heart of the worst meltdown in the U.S. fintech sector since its emergence in the years after the 2008 financial crisis. More than 100,000 customers…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.990% as of May 15, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.250%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
While the Financial Independence, Retire Early movement is widely popular, some people plan to do the opposite, and never retire. They work because they enjoy it. Why retire at the top of your game? The idea of working longer is becoming more common. Researchers at Pew Research Center state both the sheer numbers, as well as the percentage of older working adults is increasing. According to Pew, “Numbering roughly 11 million today, the older workforce has nearly quadrupled in size since the mid-1980s.” Pew reports, “The share of older adults holding a job today is much greater than in the…
The Biden administration has spent the last week pushing allies in the Middle East to make specific threats to Hamas, as part of an urgent campaign to push the group toward accepting the latest Israeli ceasefire and hostage proposal that would pause the fighting in Gaza. US officials have publicly called on the group to accept previous ceasefire proposals on the table as Israel and Hamas have engaged in months of back-and-forth negotiations, but there has never been an all-out pressure campaign marked by specific asks to individual countries as part of the Biden administration’s push. Secretary of State Antony Blinken has held almost a dozen calls with key players in the region since Friday and other top State…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mike Lynch, once one of the UK’s leading tech entrepreneurs, was acquitted of criminal charges by a jury in San Francisco on Thursday, capping a 12-year legal saga stemming from one of Silicon Valley’s biggest-ever fraud cases.The former Autonomy chief executive was accused of falsely inflating revenues at the UK software company ahead of its $11bn sale to Hewlett-Packard in 2011. The verdict is a moment of vindication for Lynch after a long battle that saw him extradited to the US and…
