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☆ 24-year-old earns $50,000 a year living in a town of 121—how she spends her time and money
▼ + stars: | 2024-05-12 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +6 min

Madi Lee says she lives comfortably in Medora earning $50,000 per year working at the Theodore Roosevelt Medora Foundation. Take Madi Lee, 24, who graduated in 2022 and found herself working in Medora, North Dakota — popoulation: 121. Medora is a tourist town near Theodore Roosevelt National Park where the busy season brings in thousands of visitors. Madi Lee, 24, moved to Medora, North Dakota, which has a year-round population of 121 people. Courtesy of Madi Lee

Persons: Madi Lee, Theodore Roosevelt Medora, Theodore Roosevelt, Lee, I'm, Roth, Medora, she's, she'll Organizations: Theodore Roosevelt Medora Foundation . New, D.C, Theodore Roosevelt Medora Foundation, Ford Bronco, University of Minnesota Duluth Locations: Theodore Roosevelt Medora Foundation . New York City, Washington, Salt Lake City, Medora , North Dakota, Theodore, Madi Lee, Medora, Dickinson, North Dakota, it's, Roseau , Minnesota, Madi

☆ Why you should buy stocks ahead of next week's inflation report
▼ + stars: | 2024-05-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Investors should buy stocks ahead of next week's release of the April CPI report, according to Fundstrat's Tom Lee. An in-line CPI report or better would increase the chances of three interest rate cuts this year, Lee said. AdvertisementInvestors should buy stocks ahead of next week's release of the April CPI report, according to Fundstrat's Tom Lee. Sweden's Riskbank cut interest rates for the first time since 2016 on Wednesday, and the Bank of England signaled that interest rate cuts are imminent. And next week, we expect incoming data to show overall softening of the key components of inflation," Lee said.

Persons: Tom Lee, Lee, — Organizations: Service, Federal Reserve, Bank of England

☆ Stock market today: Dow hits 8-day winning streak ahead of key inflation report
▼ + stars: | 2024-05-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The strong gains in May come ahead of a key CPI report, set to be released on Wednesday. AdvertisementUS stocks traded higher on Friday, securing an eight-day winning streak for the Dow Jones Industrial Average. Fed Governor Michelle Bowman said she doesn't expect any interest rate cuts this year, while Fed President Lorie Logan said its still too early to be thinking about interest rate cuts based on the latest inflation data. The report will offer insights into when the Fed might move forward with interest rate cuts. Fundstrat's Tom Lee expects a lower-than-expected inflation report, which should send dovish signals to the Fed and push stocks higher for the rest of May.

Persons: —, Michelle Bowman, Lorie Logan, Fundstrat's Tom Lee, Lee Organizations: Dow, Fed, Service, Dow Jones, Federal Locations: Here's

☆ Schools in One Virginia County to Reinstate Confederate Names
▼ + stars: | 2024-05-10 | by ( Campbell Robertson | More About Campbell Robertson | ) www.nytimes.com time to read: +1 min

After a meeting that lasted for hours, the Shenandoah County school board voted early Friday morning to restore the names of three Confederate officers to schools in the district. With the vote, the district appears to be the first in the country to return Confederate names to schools that had removed them after the summer of 2020, according to researchers at the Montgomery, Ala.-based Equal Justice Initiative. The schools were renamed the next year as Honey Run and Mountain View. But a fury had been unleashed in the rural county in the mountains of Virginia. People crowded into school board meetings, denouncing the naming process as secretive and rushed, and voicing deeper resentments about cultural changes they saw as being foisted upon them.

Persons: George Floyd, — Ashby, Lee Elementary, Stonewall Jackson, Honey Organizations: Initiative, Lee, Stonewall Locations: Shenandoah County, Montgomery, Ala, Virginia

☆ Election Updates: Trump wins Pennsylvania primary, but remains haunted by Haley
▼ + stars: | 2024-04-24 | by ( Chris Cameron | Anjali Huynh | ) www.nytimes.com time to read: +6 min

That exceeds the margin of 81,660 votes by which Mr. Biden won the state in the 2020 election. Tomorrow, Mr. Biden will head to Syracuse, N.Y., for a White House event, while Mr. Trump will head back to court. It remains unclear whether his decision to bypass any reconciliation with Ms. Haley will matter as November approaches. Mr. McCormick won an unopposed Republican primary for Senate in Pennsylvania, pitting him against Mr. Casey, the Democratic incumbent. Mr. Trump helped sink Mr. McCormick’s first run when he backed a rival candidate, the celebrity physician Dr. Mehmet Oz.

Persons: Biden, Donald J, Trump, Nikki Haley, Trump’s, Mr, Kamala Harris, Drew Barrymore, David McCormick, Bob Casey, Summer Lee, ‘ Scranton Joe ’ Biden, Haley holdouts, Dean Phillips, Haley, Lee, Bhavini Patel, Lee’s, Alexandria Ocasio, Cortez, Jeff Swensen, McCormick, Casey, McCormick’s, Mehmet Oz, Dr, Oz, Oz eked Organizations: Republican, North, Unions, Democratic, South, Credit, The New York, Trump, Senate, Mr Locations: Manhattan, New York, Syracuse, N.Y, Pennsylvania, Gaza, Scranton, Pa, South Carolina, G.O.P, Wisconsin , Rhode Island , Connecticut, Michigan, Pittsburgh, Cortez of New York, Israel

☆ How one 'Squad' member avoided an avalanche of pro-Israel money
▼ + stars: | 2024-04-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

When Summer Lee ran for Congress in 2022, she had to battle a wave of pro-Israel spending. AdvertisementGoing into this year, Rep. Summer Lee seemed likely to be a top target for pro-Israel groups. Both AIPAC and another key pro-Israel group, Democratic Majority for Israel (DMFI), opted to stay out of the primary. Pro-Israel groups spent money against Lee not just in the primary, but in the general election as well. Meanwhile, progressive groups supporting Lee spent nearly $710,000, and on Sunday, Ocasio-Cortez came to Pittsburgh to rally with Lee.

Persons: Summer Lee, Lee, —, Bhavini Patel, Mark Mellman, Sen, Bernie Sanders's, Alexandria Ocasio, Cortez —, That's, o6e7abRSr2 —, Patel, Jeff Yass, Cortez, Lee —, Joe Biden —, Biden, who've Organizations: Service, Democratic, American Israel Public Affairs Committee, Israel, Washington Post, Rep, AIPAC, Pennsylvania, House, Democratic Socialists of America, o6e7abRSr2 — AIPAC, Democratic Party, GOP, Law Locations: Israel, Pittsburgh, Alexandria, Squirrel Hill, Gaza, Emboldening

☆ The stock market is primed for a short-term bounce, but correction still not over
▼ + stars: | 2024-04-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The stock market is poised for a short-term bounce, but technical analysts who watch price charts warn that the correction is not yet over. The technician said he anticipates support for stocks — the point at which buyers will reemerge — between 4,700-4,800 in the S & P 500. .SPX YTD mountain S & P 500 To be sure, some observers anticipate a more durable stock market rally, rather than a mere bounce. He anticipates that the S & P 500 could find support down at 4,800 and may not find a true bottom for several weeks. But he anticipates that the selloff will take longer to play out, with a pullback bringing the S & P 500 back to 4,700.

Persons: JC O'Hara, Roth MKM, O'Hara, Tom Lee, Lee, CNBC's, Oppenheimer's Ari Wald, Wald, we've, BTIG's Jonathan Krinsky, Krinsky, Wolfe's Rob Ginsberg Organizations: Stocks, Federal Reserve

☆ Bruce Lehrmann: Accused rapist loses defamation case against TV network after judge finds truth to story
▼ + stars: | 2024-04-15 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +5 min

After meticulously studying the video, Lee concluded that Higgins had consumed 11 drinks, and was seen on camera to have stumbled. Lee said Lehrmann “knew she was drinking excessively.”Lee also accepted the evidence of a colleague who saw Lehrmann and Higgins engage in a passionate kiss at the bar, though both Lehrmann and Higgins had denied kissing. Higgins left Parliament House alone after a couple of hours and didn’t immediately file a case with police. Videos posted by journalists online Monday showed Lehrmann leaving court and declining to answer multiple questions shouted at him by reporters. Outside the court, Network Ten journalist Wilkinson told reporters she sincerely hoped the judgment “gives strength to women around the country.”

Persons: Australia CNN —, Brittany Higgins, Bruce Lehrmann, “ Mr Lehrmann, Miss Higgins, ”, Michael Lee, Higgins, Lehrmann, Lisa Wilkinson, Wilkinson, Lee, “ I’m, “, Mr Lehrmann, Don Arnold, ” Lee, Lehrmann “, Lehmann, Lee didn’t, Lee’s Organizations: Australia CNN, YouTube, Federal Court, CNN, Getty, House, Network Locations: Brisbane, Australia, Sydney, Lehrmann’s, Canberra

☆ The Masters Has Only One Black Golfer. It Didn’t Have to Be This Way. - The New York Times
▼ + stars: | 2024-04-14 | by ( Peter May | ) www.nytimes.com time to read: +2 min

When the Masters Tournament commenced on Thursday, featuring 89 competitors, there was exactly one Black golfer in the field: the one we all know, Tiger Woods. Beyond that, the field for the 88th Masters didn’t look all that different from the previous 87. Sifford, who is often referred to as the Jackie Robinson of golf, became the first Black P.G.A. remains woefully inaccessible to Black golfers and has made only marginal and inadequate efforts to diversify its ranks. The P.G.A.’s tournaments and its professional golf shops needs to take concrete steps to look more like the America it purports to represent.

Persons: Tiger, Charles Sifford, Stanley Mosk, Jackie Robinson, Sifford, Lee Elder, Calvin Peete, Jim Dent, Jim Thorpe Organizations: Golfers ’ Association of America, Golf, Professional Golf Association, Division Locations: California, America, Black

☆ Analysts ratchet up Nvidia price forecasts ahead of big conference with one seeing 30% upside
▼ + stars: | 2024-03-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Several major Wall Street shops have already beefed up their price targets on the chipmaker heading into the event, with HSBC and Truist joining the flood on Monday. NVDA 1Y mountain Nvidia share performance over the last year According to FactSet, the current consensus price target on Nvidia implies about 4% upside, with 90% of analysts holding a buy or overweight rating. Stein boosted the firm's price target to $1,177 from $911 a share, reflecting 34% upside from Friday's close. "We are encouraged by Nvidia's AI product roadmap which focuses on moving beyond GPUs and towards owning the entire value chain." Wall Street turns more bullish HSBC and Truist may be the latest Wall Street shops to up estimates heading into the GTC Conference, but they are far from the first.

Persons: FactSet, William Stein, Stein, HSBC's Frank Lee, Blackwell, America's Vivek Arya, Cantor Fitzgerald's C.J, Muse, — CNBC's Michael Bloom Organizations: Nvidia, Bank of America, Wall Street, HSBC, Truist, GTC, Bank, America's, NVIDIA

☆ World Wide Web turns 35: Tim Berners-Lee gives predictions for future
▼ + stars: | 2024-03-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

Tim Berners-Lee is credited with inventing the World Wide Web in 1989. These are just some of the predictions for the future of the web from the inventor of the World Wide Web, Tim Berners-Lee, on the 35th anniversary of its invention. Tim Berners-Lee Inventor, World Wide WebBerners-Lee got to continue working on his idea for this information sharing system, and by 1991, the World Wide Web was up and running. When Tim Berners-Lee started work on the World Wide Web 35 years ago, he had no idea it was about to become the ubiquitous force it is today. Tim Berners-Lee Inventor, World Wide Web

Persons: Tim Berners, Lee, Rita Franca, Berners, Fabrice Coffrini, of Berners, Robert Blumofe, Akamai, Blumofe, we'll, Sebastian Derungs, you'll, Chintan Patel, Patel Organizations: CERN, CNBC, AFP, Getty, Microsoft, Samsung, Galaxy, Massachusetts Institute of Technology, Google, Apple, Afp, Forte Ventures, Akamai, Glasswing Ventures, Cisco, Big Tech, Digital Markets Locations: Swiss, London, Berners, U.S

☆ Schiff and Garvey will advance to California Senate general election , CNN projects
▼ + stars: | 2024-03-06 | by ( Arit John | ) edition.cnn.com time to read: +3 min

CNN —Democratic Rep. Adam Schiff and Republican Steve Garvey have advanced to the general election in the open primary for California’s open Senate seat, CNN projects, setting up an uphill battle for the state’s beleaguered GOP. Under California’s open primary system, all candidates run on the same ballot, and the top two vote-getters, regardless of party, move on to the general election. Garvey beat two Democratic congresswomen – Reps. Katie Porter and Barbara Lee – to secure a place on the general election ballot, despite raising a fraction of what his opponents did and airing no TV ads. During the general election, Schiff will likely continue to emphasize his profile as one of the chief Trump antagonists in the House, a role bolstered by his work on the former president’s impeachment and various other Trump investigations. Schiff, Porter and Lee entered the race early last year, while Garvey launched his campaign in October.

Persons: Adam Schiff, Steve Garvey, Schiff, Garvey, Democratic Sen, Dianne Feinstein’s, Laphonza Butler, Butler, Katie Porter, Barbara Lee –, Porter, Donald Trump, Joe Biden, Eric Early, Trump, ” Garvey, Lee, Feinstein Organizations: CNN — Democratic, CNN, Democratic, Republicans, Democratic congresswomen, Trump, Republican, House Intelligence Locations: California

Artemi Panarin scored 10 seconds into overtime and the Rangers beat the crosstown-rival Islanders 6-5 in a Stadium Series game at MetLife Stadium on Sunday. Rangers coach Peter Laviolette was behind the bench for his fifth outdoor game, tying Joel Quenneville for the most in NHL history, and got his first win in the open air. The Islanders pulled four points behind Detroit for the second wild card in the Eastern Conference. After the Rangers pulled within one in the second period, Romanov pushed the Islanders’ lead back up to 5-3 at 1:53 of the third. The Rangers then had a 4-on-3 power play with just under six minutes to go, and Laviolette pulled Shesterkin for a two-man advantage.

Persons: Artemi Panarin, “, Jacob Trouba, ” Panarin, Noah Dobson, Ilya Sorokin, Dobson, Panarin, Vincent Trocheck, Erik Gustafsson, Chris Kreider, Mika Zibanejad, Alexis Lafreniere, Adam Fox, Igor Shesterkin, Zibanejad, Peter Laviolette, Joel Quenneville, I’ve, ” Laviolette, ” Brock Nelson, Bo Horvat, Mathew Barzal, Anders Lee, Alexander Romanov, Sorokin, Patrick Roy, Lane Lambert, Jan, Romanov, Ryan Lindgren, Romanov’s, Lindgren, Laviolette, Kreider, Panarin’s, ” Lee, Pierre Engvall’s, Lee, Trocheck, Gustafsson, Matt Rempe, Matt Martin, ___ Organizations: New York Rangers, Rangers, Islanders, MetLife, ” Rangers, Detroit, Eastern Conference, NFL’s Jets, Giants, NHL, Devils, Flyers, NYPD, FDNY, The Rangers, UP NEXT Rangers, Dallas, Pittsburgh Locations: RUTHERFORD, N.J, New Jersey

☆ Happy New Year of the Dragon - or Loong?
▼ + stars: | 2024-02-16 | by ( Chris Lau | ) edition.cnn.com time to read: +7 min

This year, it’s the Year of the Dragon, or more accurately, the “Year of the Loong,” says Chinese state media, using its preferred term for the mythical beast. The Chinese “loong” conjures positivity, nobleness and fortune and therefore should be distinguished linguistically from its Western cousin, state media argues. Chinese media has dedicated coverage and airtime to promote the new nomenclature over the past week or so, though both “dragon” and “loong” are being used interchangeably in English-language reports. “Transcribing long into English ‘loong’ would cause more problems and confusion than translating it as ‘dragon’,” he wrote. He noted that “some patriotic and political sources in the Sinosphere” have been peddling the concept that the Western dragon is fearful.

Persons: ”, Loong ”, it’s, loong, “ loong, Xi Jinping, Loong, John Lee, Wong Tai, Alex Chan Tsz Yuk, Elliott, Bradford Lee Eden, Eden, Eduardo Leal, ‘, Weibo, Victor Mair, Mair, “ loong ”, ” Eden, “ Organizations: Hong Kong CNN, Disney, Xinhua, of Library Services, Valparaiso University ,, Tolkien Research, Getty, University of Pennsylvania, Valparaiso University Locations: China, Hong Kong, Beijing, Valparaiso University , Indiana, Macau, Weibo, West

Under California rules, Democrats and Republicans appear on the same primary ballot and the two candidates with the most votes advance to the general election, regardless of political party. Come November, the seat is expected to stay in Democratic hands in a state where Republicans haven’t won a U.S. Senate election since 1988. Gavin Newsom appointed Laphonza Butler, a longtime Democratic organizer, to fulfill Feinstein's term, and Butler chose not to seek election to the seat. In 2016 and 2018, GOP Senate candidates performed so poorly that two Democrats appeared on the November ballot. Porter opposes earmarks — where lawmakers direct federal spending to a specific project or institution back home — while Schiff and Lee endorsed them.

Persons: Democratic Sen, Dianne Feinstein, Adam Schiff, Donald Trump’s, Schiff, He’s, Barbara Lee, Katie Porter, Steve Garvey, Republicans haven’t, Garvey, ” Schiff, Garvey “, Porter, ”, Feinstein, Gavin Newsom, Laphonza Butler, Butler, Joe Biden's, Donald Trump, . Garvey, Eric Early, spotlighting, Alex Padilla, Mark Meuser, wasn’t, “, … I’ve, I’ve, Nancy Pelosi, Lee Organizations: ANGELES, Senate, Democratic, Democratic U.S . Rep, Democratic House, Republican, Los Angeles Dodgers, National League MVP, Republicans, U.S, GOP, Congress, Democrats, White, Trump, Dodger, Capitol Locations: U.S, California, ”, Los Angeles, Israel, Gaza, Russia

☆ Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein
▼ + stars: | 2024-01-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +9 min

Temu is owned by PDD Holdings , a Chinese company that moved its principal office to Ireland last year. Meta is expected to report revenue growth of 22% for the quarter to $39.2 billion, according to analysts surveyed by LSEG, formerly Refinitiv. JMP analysts estimated that Temu and Shein spent roughly $600 million and $200 million, respectively, on Facebook and Instagram ads in the third quarter. In December, Temu sued Shein, alleging questionable business practices and a "mafia-style intimidation of suppliers," according to legal documents. Meta isn't the only U.S. internet company effected by the speedy growth from Temu and Shein.

Persons: Mark Zuckerberg, Jack Ma, Shu Zhang, Victor Lee, Lee, who's, Shein, Meta, Pavlo Gonchar, Temu, didn't, Susan Li, data.AI, It's, Chris Mack, Harding Loevner, they've, Mack, Shein confidentially, Mike Gallagher, Gallagher, Brian Wieser, Josh Silverman, Silverman Organizations: Alibaba, China Development Forum, Reuters, Facebook, Hasbro, Unified Commerce, Amazon, PDD Holdings, U.S, Mobile, Meta, LSEG, Getty, CNBC, Cyberspace Administration, China, Street Journal, Google Locations: Beijing, China, Ireland, Singapore, UKRAINE, U.S, United States, Wall, Asia, Pacific, Temu, Meta

☆ The No. 1 reason people 'fail' job interviews, says ex-Amazon recruiter: 'It causes a lack of trust'
▼ + stars: | 2024-01-26 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Some job interview faux pas are obvious. Showing up late or badmouthing your former employer are almost guaranteed to ruin a first impression. But there's one sneaky interview mistake that can cost you the job: Forgetting to provide specific examples in your answers. Holly Lee, a former recruiting leader at Amazon, Meta and Google, says it's "hands down, the number one reason" people tank a job interview. "Giving vague, clipped answers causes a lack of trust, it shows me that someone is unprepared and doesn't have a deliberate approach to their work."

Persons: Holly Lee, Lee, you've, it's Organizations: Amazon, Google Locations: Phoenix

NEW YORK (AP) — Norman Jewison, the acclaimed and versatile Canadian-born director whose Hollywood films ranged from Doris Day comedies and “Moonstruck” to social dramas such as the Oscar-winning "In the Heat of the Night," has died at age 97. Throughout his long career, Jewison combined light entertainment with topical films that appealed to him on a deeply personal level. (Jewison lost out for best director to Mike Nichols of "The Graduate"). Among those who encouraged Jewison while making “In the Heat of the Night”: Robert F. Kennedy, whom the director met during a ski trip in Sun Valley, Idaho. Jewison shifted to feature films in 1963 with the comedy “40 Pounds of Trouble,” starring Tony Curtis and Suzanne Pleshette.

Persons: — Norman Jewison, Doris Day, Oscar, “, Jeff Sanderson, Jewison, Jim Crow, ”, Rod Steiger, Sidney Poitier, James Baldwin, ’ Bosley Crowther, Bonnie, Steiger, Mike Nichols, Robert F, Kennedy, nodded, ‘, ’, Cher, Steve McQueen, Thomas, Denzel, Washington, Rubin “, ” Carter, Malcolm X, Spike Lee, shouldn’t, Lee, ” Jewison, Margaret Ann Dixon, Dixie, Kevin, Michael, Jennifer Ann, Agnes, God ”, Lynne St, David, Judy Garland, Danny Kaye, Harry Belafonte, Tony Curtis, Suzanne Pleshette, James Garner, McQueen, Edward G, Robinson, Carl Reiner, Eva Marie Saint, Alan Arkin, Sylvester Stallone, Jimmy Hoffa, Al Pacino, Bruce Willis, Michael Caine, Tilda Swinton, ____, Bob Thomas Organizations: Canadian, New York, Hollywood, ‘, Denzel Washington, Washington, Governor General’s Performing Arts, Canadian Film Centre, Toronto Film, Victoria College, BBC, CBC, Universal, MGM, Cincinnati, Vietnam, AP Entertainment Locations: Canadian, Philadelphia, Clyde, Sun Valley , Idaho, Mississippi, Canada, Toronto, London, Hudson

☆ Bryce Lee, the controversial millionaire contestant on Netflix's 'The Trust,' apparently went on the show not realizing he was competing for money
▼ + stars: | 2024-01-19 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +7 min

Bryce Lee, a real-estate agent, competed in Netflix's new reality show despite already being a millionaire. Lee told Business Insider he was unaware of the $250,000 prize when he signed up. Advertisement"The Trust" contestant Bryce Lee faced backlash from his fellow competitors after revealing midway through the season that he was already a millionaire. Lee told Business Insider that he was sought out by the casting team of "The Trust" but was not told about the conditions of the game. Courtesy of NetflixYou didn't reveal you were the secret millionaire until episode four.

Persons: Bryce Lee, Lee, —, Brooke Baldwin, they're, doesn't, Jake Chocolous, there's, I've, Julie Theis, Julie, Theis, didn't, that's, Netflix didn't Organizations: Business, Service, Netflix Locations: Washington

Artist Abel Ortiz (L) gives US Attorney General Merrick Garland (R) a tour of murals of shooting victims on January 17, 2024 in Uvalde, Texas. The Justice Department is planning this week to release findings of an investigation into the 2022 school shooting in which 21 people were killed. Poor coordination, training and execution of active-shooter protocol contributed to a law enforcement response that can only be described as a "failure," the report said. The 600-page findings describe a chaotic scene that should have triggered a number of coordinated responses by law enforcement officers who first arrived at the school. Steven C. McCraw, Director and Colonel of the Texas Department of Public Safety, speaks during a press conference about the mass shooting at Robb Elementary School on May 27, 2022 in Uvalde, Texas.

Persons: Abel Ortiz, General Merrick Garland, Eric Gay, Steven C, McCraw, Michael M, Robb, Eva Mireles, Tess Mata, Rogelio Torres, Jose Flores, Maite Yuleana Rodriguez, Jackie Cazarez, Maranda Mathis, Xavier Lopez, Alexandria Aniyah Rubio, Aliahana Cruz Torres, Alithia Ramirez, Jailah Nicole Silguero, Uziyah Garcia, Navaho Bravo, Makenna Lee Elord, Annabell Rodriguez, Amerie Jo Garza, Jayce Carmelo Luevanos, Layla Salazar, Aliahna Amyah Garcia, Irma Garcia, Chandan Khanna Organizations: US, The Justice Department, AFP, Getty, Robb Elementary School, Justice Department, Texas Department of Public Safety, Santiago, Robb Elementary Locations: Uvalde , Texas

☆ CHART OF THE DAY: Technology stocks will grow to 50% of the S&P 500 amid a growing labor shortage, Fundstrat says
▼ + stars: | 2024-01-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Fundstrat's Tom Lee believes that the technology sector will one day make up 50% of the S&P 500. During periods of extended labor shortages, like during the 1950s, 1960s, and 1990s, technology stocks significantly outperformed the S&P 500. "Technology demand, in our view, will accelerate as companies seek to offset labor shortage," Fundstrat said. "The outperformance of technology during periods of labor shortage is substantial — and we believe the forecasted 2015 to 2047 [labor shortage] to benefit technology stocks," Fundstrat said in a recent note. "We like technology/FAANG $XLK $QQQ," Lee said, referring to the mega-cap tech stocks, the technology sector, and the Nasdaq 100.

Persons: Fundstrat's Tom Lee, —, Tom Lee, Fundstrat, Lee Organizations: Service, Technology, Nasdaq Locations: Fundstrat

With so many shows on TV and streaming services, it's impossible not to miss a gem or two. “The Bear,” FX on HuluLet's start off with a public service announcement to watch “The Bear” if you haven't already. Any given episode can make you laugh, cry, feel anxious and excited by its genius casting of guest stars. “Perry Mason,” HBOSomething happened between season one and season two of HBO’s “Perry Mason” starring Mathew Rhys. “Shrinking,” Apple TV+Therapy and grief don't sound like a recipe for a feel-good comedy, but “Shrinking” pulls it off.

Persons: shouldn't, Hulu Let's, Carmy, Jeremy Allen White, Chris O'Dowd, M.O . Walsh, David West Read, Gerry Turner, Turner, “, you’re, Dominique Fishback, Donald Glover, Fishback, Dre, Chloe Bailey, Damson Idris, Paris Jackson, Halsey, Billy Eilish, ” Max, Cary, Brooke, Chase —, Max, Drew Tarver, Heléne Yorke, Molly Shannon, momager, Chase, Case Walker, ” Ali Wong, Steven Yeun, Wong, ”, Ronald Gladden, James Marsden, Lee Eisenberg, Gene Stupnitsky, “ Perry Mason, “ Perry Mason ”, Mathew Rhys, Mason, Jason Segel, Jimmy, resentfully, Christa Miller, Harrison Ford, Jessica Williams —, Segel, Bill Lawrence, Brett Goldstein, Roy Kent, Ted Lasso, Max Yes, Roy, percenters, —, Logan Roy, Brian Cox Organizations: The Associated Press, FX, Hulu, Apple, ABC, Associated Press, “, Chase Dreams, Netflix, AP, HBO Locations: Chicago, “

A shopkeeper naps as she waits for customers at a traditional market in Seoul, South Korea, April 7, 2022. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Dec 5 (Reuters) - South Korea's inflation eased for the first time in four months in November, bringing relief to policymakers worried about persistent inflation risks as they plan to keep their restrictive monetary policy in place for longer. "Compared to core inflation in the U.S. and Europe that seem to be still in the 4% to 5% range, (South Korea's core inflation) seems to be far more stable," said Finance Minister Choo Kyung-ho at a policy meeting in Seoul. "Considering this, we see inflation stabilizing in a steady manner going forward, unless we face some additional external shocks." The Bank of Korea kept interest rates steady at 3.50% last week at its final policy meeting of the year and signalled it may need to keep interest rates higher for longer to head off persistent inflation risks.

Persons: naps, Kim Hong, Choo Kyung, BOK, Jihoon Lee, Chris Reese, Lincoln Organizations: REUTERS, Rights, Reuters Survey, Bank of, Thomson Locations: Seoul, South Korea, Rights SEOUL, U.S, Europe, Bank of Korea

☆ South Korea Oct factory output falls most in 10 months on weaker chip production
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Nov 30 (Reuters) - South Korea's factory output unexpectedly fell on weaker chip production in October and posted the biggest drop in 10 months, official data showed on Thursday. The industrial output index fell 3.5% in October from a month earlier on a seasonally adjusted basis, according to Statistics Korea. On a yearly basis, factory output rose 1.1%, compared with gains of 2.9% in the prior month and 5.2% expected by economists. In October, output also fell in the services sector, down 0.9% over the month, marking its first decline since May. The all-industry output index fell 1.6%, the biggest drop since April 2020.

Persons: Jihoon Lee, Chris Reese Organizations: Statistics Korea, Thomson Locations: SEOUL

☆ Historical returns suggest Wall Street is wrong about 2024, and more big gains are coming for stocks
▼ + stars: | 2023-11-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Wall Street's outlook for the stock market in 2024 is too bearish, according to Fundstrat's Tom Lee. He pointed to the historical distribution of annual stock market returns. Since 1900, the S&P 500 has experienced yearly gains of 10% or more 51% of the time. AdvertisementWall Street is too bearish on the stock market heading into 2024, according to a Friday note from Fundstrat's Tom Lee. AdvertisementThose 2024 stock market forecasts suggest there is still a lot of investor skepticism, which is apparent in fund flow data.

Persons: Tom Lee, —, Lee, Morgan Stanley's, Goldman Sachs, Fundstrat's Organizations: Service, Wall Street, P Global

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