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☆ Powell's a bit more dovish than others, November rate hike likely off the table: F.L. Putnam's Hazen
▼ + stars: | 2023-10-20 | 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 EmailPowell's a bit more dovish than others, November rate hike likely off the table: F.L. Putnam's HazenEllen Hazen, portfolio manager at F.L. Putnam Investment Management, joins 'Squawk on the Street' to discuss how Hazen perceived Fed chair Powell's latest comments, what happens if the 10-year treasury yield keeps rising, and more.

Persons: Putnam's Hazen Ellen Hazen, Hazen Organizations: Putnam Investment Management Locations: F.L

☆ Scientists propose sweeping new law of nature, expanding on evolution
▼ + stars: | 2023-10-16 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Evolution occurs, it holds, when these various configurations are subject to selection for useful functions. "We have well-documented laws that describe such everyday phenomena as forces, motions, gravity, electricity and magnetism and energy," Hazen said. The subsequent generation of stars that formed from the remnants of the prior generation then similarly forged almost 100 more elements. "Imagine a system of atoms or molecules that can exist in countless trillions of different arrangements or configurations," Hazen said. "Only a small fraction of all possible configurations will 'work' - that is, they will have some useful degree of function.

Persons: Charles Darwin, Darwin, Robert Hazen, Hazen, Michael Wong, Jonathan Lunine, Will Dunham, Lisa Shumaker Organizations: Carnegie Institution for Science, National Academy of Sciences, Carnegie, Cornell, Thomson Locations: British

The D-backs return to the NL Championship Series for the first time since 2007, where they'll face either the Phillies or Braves. 4: Moreno sliced a 2-1 fastball down the line to the opposite field that right field umpire Gabe Morales called fair. ROOF OPENIt was the first playoff game at Chase Field since 2017 and the stadium's retractable roof was open. UP NEXTArizona plays Game 1 of the NL Championship Series at Atlanta or Philadelphia on Monday. The defending NL champion Phillies hold a 2-1 lead in that best-of-five series, with Game 4 on Thursday night in Philadelphia.

Persons: —, righty Lance Lynn, Geraldo Perdomo, Ketel Marte, Christian Walker, Gabriel Moreno, wouldn't, Chris Taylor, Kiké, armer Ryan Thompson, Andrew Saalfrank, Austin Barnes, Will Smith, Paul Sewald, Hernandez flied, Lynn, Perdomo, Marte, Walker, Moreno, Gabe Morales, Todd Tichenor, Lynn’s, Dave Roberts, Brandon Pfaadt, — Mookie Betts, Freddie Freeman — couldn't, Kevin Ginkel, Betts, Freeman, Roberts, Smith, J.D, Martinez, Hernández, James Outman, Mike Hazen, Nicole Hazen, Hazen’s, Charlie, John, Teddy, glioblastoma, ___ Organizations: PHOENIX, Arizona Diamondbacks, NL, Los Angeles Dodgers, Phillies, Braves, Arizona, Brewers, Dodgers, Diamondbacks, brawn, West, Chase, Atlanta, DODGERS, Chase Field Locations: Arizona, Philadelphia

☆ Fed raises interest rates, leaves door open to another increase - Reuters News
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +9 min

The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase. The Fed raised (the Fed funds target rate) by a quarter point and the vote was unanimous, and the move puts rates at a 22-year high." "We think recent data is consistent with the US policy rate peaking in July, as core CPI inflation slowed sharply in June. "Fed Chair Powell is going to suggest that for the time being that they need to assess more information for inflation. "Markets are for the most part becoming more confident the Fed won't have to raise rates in September.

Persons: GENNADIY GOLDBERG, J Powell, they've, They're, Powell, we've, ELLEN HAZEN, ” MICHAEL BROWN, JACK ABLIN, BRIAN JACOBSEN, MENOMONEE, ” PETER CARDILLO, Jackson, GURPREET GILL, GOLDMAN, QUINCY KROSBY, ” EDWARD MOYA, We'll, we'll Organizations: YORK, Federal Reserve, U.S, Treasury, Fed, Dow, Global Finance, Markets, Thomson Locations: U.S, WELLESLEY , MASSACHUSETTS, PALM BEACH , FLORIDA, WISCONSIN, GOLDMAN SACHS, CHARLOTTE, NORTH CAROLINA

☆ HCA Healthcare patient data stolen and for sale by hackers
▼ + stars: | 2023-07-10 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

In this April 14, 2020 file photo, Sam Hazen, CEO of HCA Healthcare, speaks about the coronavirus in the Rose Garden of the White House, in Washington. Personal information for potentially tens of millions of HCA Healthcare patients has been stolen and is now available for sale on a data breach forum as of earlier this week. The data sale was flagged on Twitter by Brett Callow, an analyst at New Zealand-based Emsisoft. Patient data breaches are not uncommon, but they can vary in scope and impact. HCA's breach did not apparently include critical medical records, and the company said the breached data originated at an "external storage location exclusively used to automate the formatting of email messages."

Persons: Sam Hazen, DataBreaches.net, Brett Callow, Callow Organizations: HCA Healthcare, White, HCA, New, CNBC Locations: Rose, Washington, United States, Florida and Texas, New Zealand

☆ Still-hawkish Fed pauses rate tightening after 10 straight hikes
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +13 min

While the market expected a hawkish pause, this is even a little bit more hawkish than market participants anticipated and that’s why you’re having a negative reaction in risk assets. So, it does suggest that the Fed is looking to tighten policy further, but the big question is can the Fed credibly commit to two more rate hikes if they just decided to actually hold rates steady. And what is the threshold for further rate hikes? “GEORGE YOUNG, PORTFOLIO MANAGER, VILLERE & CO, NEW ORLEANS"This a pregnant pause, meaning that they said they're going to pause hikes today but they're going to increase later. ANGELO KOURKAFAS, SENIOR INVESTMENT STRATEGIST, EDWARD JONES, ST LOUIS"We're seeing a more hawkish pause.

Persons: QUINCY KROSBY, Powell, He’s, BRIAN JACOBSEN, MENOMONEE, ” ANDRZEJ SKIBA, ” GENNADIY GOLDBERG, they’ve, ” ELLEN HAZEN, Logan, Waller, “ GEORGE, ANGELO KOURKAFAS, EDWARD JONES, They've, MICHAEL BROWN, hawkishly, WHITNEY WATSON, GOLDMAN, “, STOVALL, ” PAUL NOLTE, MICHAEL JAMES Organizations: YORK, Federal Reserve, Federal, U.S, RBC, CPI, PPI, Powell &, Cleveland Fed, Global Finance, Markets, Thomson Locations: U.S, CHARLOTTE, NC, WISCONSIN, WELLESLEY , MASSACHUSETTS, ORLEANS, GOLDMAN SACHS, Manheim, ALLENTOWN, CHICAGO

☆ How to escape quicksand. Whatever you do, don't panic!
▼ + stars: | 2023-06-04 | by ( Rob Ludacer | ) www.businessinsider.com time to read: +3 min

If you get stuck in quicksand, remember it's impossible to drown in the stuff. If you find yourself stuck in quicksand, the first thing to remember is not to panic. It's easy to sink deeper into this stuff if you're flailing about, and just one mouthful of quicksand could lead to asphyxiation, per the book "Extreme Encounters." What sets it apart from your average clump of sand is the sand grains' shape and how they fit together. Roll away from the quicksand once you reach solid ground, and you should be clear of the sticky situation.

Persons: —, Hazen Audel Organizations: Service, Scientific, Geographic

☆ Erythritol, an ingredient in stevia, linked to heart attack and stroke, study finds
▼ + stars: | 2023-02-27 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

CNN —A sugar replacement called erythritol — used to add bulk or sweeten stevia, monkfruit and keto reduced-sugar products — has been linked to blood clotting, stroke, heart attack and death, according to a study. “If your blood level of erythritol was in the top 25% compared to the bottom 25%, there was about a two-fold higher risk for heart attack and stroke,” Hazen said. Clots can break off and travel to the heart, triggering a heart attack, or to the brain, triggering a stroke. “There appears to be a clotting risk from using erythritol,” Freeman said. In all three populations, researchers found that higher levels of erythritol were connected to a greater risk of heart attack, stroke or death within three years.

Persons: ”, Stanley Hazen, ” Hazen, “, erythritol, Andrew Freeman, ” Freeman, Robert Rankin, ” Rankin, Hazen, “ It’s, Erythritol, Hazen’s, Oliver Jones, ” Jones, You’ll, Health’s Freeman Organizations: CNN, Center for Cardiovascular Diagnostics, Cleveland Clinic Lerner Research Institute, People, Nature, Jewish Health, European Association of Polyol, Cleveland Clinic’s Center, Human, RMIT University, National Health, European Food Safety Authority, Food and Drug Administration Locations: Denver, United States, Europe, erythritol, Australia

☆ Fed opts for small rate hikes, expects to deliver 'ongoing increases'
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +4 min

The decision lifted the benchmark overnight interest rate to a range between 4.50% and 4.75%, a move widely anticipated by investors and flagged by U.S. central bankers ahead of this week's two-day policy session. MARKET REACTION:STOCKS: U.S. stocks fell after the Fed statement, but the Nasdaq recovered, last flat on the day. RYAN DETRICK, CHIEF MARKET STRATEGIST, CARSON GROUP, OMAHA"The Fed threw no curve balls, as they did what was widely expected. The door is cracking open to end rate hikes, but they still have a chance for one more rate hike at the next meeting." How close are we now with ending the rate hike cycle, when it’s clear employment costs are slowing?"

☆ Fact Check-Cleveland Clinic study did not conclude eggs are causing thousands of blood clots
▼ + stars: | 2023-01-27 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

A 2017 study by Cleveland Clinic researchers did not find a direct link between egg consumption and blood clotting, the study authors told Reuters. Users online are sharing a headline that misrepresents these findings to say scientists are now warning that eggs are causing blood clots in thousands of people and the clots are really a COVID-19 vaccine side effect. Reuters reported on the 2017 study at the time of its publication (here). “The research did not show a direct link between egg consumption and ‘suddenly forming blood clots,’” they said. Researchers of the referenced 2017 study did not warn that egg consumption would cause thousands of people to form blood clots.

“Mission Hospital used to be where everyone would go if they wanted good care,” Jaquins said, reflecting on her previous experiences with the health care system. Sue Fischer is a longtime HCA employee who’s concerned about patient care in her facility. “We were a great system as Mission Health and we’re an even better system as HCA Mission Health,” she said. “Delays in care is the biggest patient care issue I see because of staffing,” Hernandez said. According to the CMS ranking system, Mission Hospital currently holds an above-average overall quality rating — four stars out of a possible five.

☆ Whales help mitigate climate change by pooping carbon into the ocean and taking more with them when they die, scientists say
▼ + stars: | 2022-12-15 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

They act as carbon vaults by sinking to the bottom of the ocean when they die, scientists said. Though it may not be a solution to the climate crisis on its own, their ability to store carbon is another reason to encourage their numbers to rise in the oceans, the scientists said. Whales naturally store carbon by living their lifeWhales capture carbon mainly by pooping and dying. "You can think of whales as like big floating trees in the ocean," Pearson said. The whales can then feed on these new lifeforms, in huge quantities, locking that carbon in their body for many decades.

☆ Fed hikes rates by 50 bp, as expected, keeps hawkish tone
▼ + stars: | 2022-12-14 | by ( Reuters Staff | ) www.reuters.com time to read: +8 min

STORY: STATEMENT TEXT:MARKET REACTION:STOCKS: The S&P 500 turned sharply lower then steadied down 0.11%BONDS: Benchmark 10-year note yields rose then backed off to 3.4847%. CHRIS ZACCARELLI, CHIEF INVESTMENT OFFICER, INDEPENDENT ADVISOR ALLIANCE, CHARLOTTE“The Fed is taking away the punchbowl just as the party was getting started. They’re reiterating their forecasts but the whisper number was that the Fed was going to stop at a 4.5%-4.75% terminal rate. You know, the biggest thing that is holding the Fed back right now are the jobs numbers. The most dovish participants is looking for an extra 50 bps of hikes.

☆ Instant view: Fed hikes rates by 50 bp, as expected, keeps hawkish tone
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +8 min

CHRIS ZACCARELLI, CHIEF INVESTMENT OFFICER, INDEPENDENT ADVISOR ALLIANCE, CHARLOTTE“The Fed is taking away the punchbowl just as the party was getting started. They're reiterating their forecasts but the whisper number was that the Fed was going to stop at a 4.5%-4.75% terminal rate. "But the Fed is out there saying that 5.1% is still on the cards … and that rate hikes will continue." BRIAN JACOBSEN, SENIOR INVESTMENT STRATEGIST, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS, WISCONSIN“The most interesting part of the releases were in the Summary of Economic Projections. And they’re holding it there longer than markets expected.”“In addition, they’re downgrading GDP estimates for this year, and in particular, for next year.

☆ One of the biggest US hospital chains was slammed in the third quarter by high temporary staffing costs, and it has investors spooked
▼ + stars: | 2022-10-24 | by ( ) www.businessinsider.com time to read: +3 min

Major chain Tenet Health said last week that labor costs ate away at its third-quarter finances. Last week, Tenet reported lower revenue and earnings in the third quarter compared with 2021, missing Wall Street's expectations as the company suffered from higher temporary labor costs. Investors had expected Tenet to report an improvement in contract labor costs, Ben Hendrix, an analyst at RBC Capital Markets, said in a Friday note. Contract labor increased to 11% of total hospital labor expenses, compared with just 2% in 2019, according to the report. "We still are running with a lot more nurses in contract labor than we did in 2019," he said.

☆ Aggressive Fed hikes rates another 75 bp, surprising no one
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +8 min

So this is a pretty hawkish 75 basis point increase when it comes to how the text reads." What it's telling us is that the Fed is expecting to rates to continue to move higher into 2023." There's a camp that says whatever the Fed guides to has typically been the floor and not the ceiling. This communication is basically signaling that the Fed's going to continue to be aggressive and remain hawkish. Not only did the Fed hike another unusually large 75 bps today, it is basically saying it will do it again in November.

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