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The global emerging markets fund managed by Aubrey Capital has achieved impressive returns over the past decade. This approach has helped the Aubrey Global Emerging Markets Opportunities Fund to post returns of 13.8% over the past year, nearly double the MSCI Emerging Market Index 's 8.2% gain. Aubrey's investment approach is based on its Global Emerging Markets Strategy , which oversees nearly $600 million of assets. Out of about 2,000 consumer-facing companies in the emerging markets universe, Aubrey is only invested in about 35. Nearly half the Aubrey Global Emerging Markets Opportunities Fund is invested in India.
Persons: Aubrey Capital, Mark Martyrossian, Aubrey, Martyrossian, Taiwan's, It's, Varun Organizations: Aubrey, CNBC, Aubrey Global, Fund, Global, PepsiCo, Companies, Arca Continental, Burger King, Arcos Dorados, DLF Locations: Turkey, South Africa, Hong Kong, China, India, United States, Mexico, Brazil, Delhi, Mumbai
Mohamed El-Erian named three key risks that will determine where US growth is headed in 2024 through 2025. That includes changes to the Fed's inflation target and low-income consumer spending. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf Wall Street was wrong about recession odds in 2023 and 2024, forecasting for next year won't be any easier, Cambridge economist Mohamed El-Erian wrote in Project Syndicate. "Given high interest rates and some creditors' loss of enthusiasm, this cohort's willingness to consume will hinge on whether the labor market remains tight," El-Erian wrote.
Persons: Mohamed El, Erian, , he's Organizations: Service, Project Syndicate, Federal Reserve, El Locations: Cambridge, El
Many lawmakers on Capitol Hill have been pushing for long-haul flights at National Airport for years. But the senators from Virginia and Maryland are firmly against the provision, pointing to safety concerns. AdvertisementFor many members of Congress, the allure of adding long-haul flights to Ronald Reagan Washington National Airport (DCA) is impossible to resist. While Delta Air Lines has thrown its support behind the long-haul provision, United Airlines has opposed the push. Washington Dulles International Airport and Baltimore/Washington International Thurgood Marshall Airport, while fully equipped to handle long-haul flights, are miles outside of Washington, DC.
Persons: , Ronald Reagan, Democratic Sens, Mark Warner, Tim Kaine, Virginia, Ben Cardin, Chris Van Hollen, Kaine, Warner, Cardin, Van Hollen Organizations: Capitol, National Airport, FAA, Service, Ronald Reagan Washington National Airport, National, Federal Aviation Administration, Democratic, DCA, Delta Air Lines, United Airlines, Washington Dulles International Airport, Washington International Thurgood Marshall Airport Locations: Virginia, Maryland, Ronald Reagan Washington, Arlington, Va, Western, America, Baltimore, Washington
Read previewMeta's Oversight Board is preparing to make some job cuts, The Washington Post reported. Mark Zuckerberg announced the Oversight Board, which operates independently from Meta, in late 2018, and it began operating in October 2020. AdvertisementIn a statement sent to Business Insider, Stephen Neal, the Oversight Board Trust's chair, confirmed it was making "targeted cuts." AdvertisementA Meta representative told BI that the company "remains committed to the Oversight Board, which operates independently from the company, and continues to strongly support its work." Meta recently announced it would begin labeling a wider variety of content with its "Made with AI" label after an Oversight Board recommendation.
Persons: , Mark Zuckerberg, Stephen Neal, Neal, Meta Organizations: Service, Washington Post, Facebook, Business, Meta, Financial Times, Big Tech
Shark NeverChange Air Purifier Max The Shark NeverChange Air Purifier Max is a powerful air-cleaning machine for large spaces, and the best part is that you only need to change its filter every five years. Camryn Rabideau/Business InsiderThe Shark NeverChange Air Purifier Max took less than 5 minutes to unbox and get running. Our review of the Shark NeverChange™ Air Purifier MAXAdvertisementEase of UseThe air purifier’s display screen shows the real-time air quality in your home. AdvertisementThe bottom lineFor large spaces, the Shark NeverChange Air Purifier Max is worth the investment. Camryn Rabideau/Business InsiderThe Shark NeverChange Air Purifier Max is a worthwhile option that requires minimal maintenance and covers large rooms.
Persons: Max, Camryn, Philip M, Tierno Jr, Tierno, it's, There's Organizations: Business, Shop, Energy, Stratos, NYU Grossman School of Medicine, NYU Langone Medical, Honeywell
The pro-Palestinian movement in the US today is a far cry from the anti-war movement of the 1960s, but the angst and frustration of young Americans is clear and growing. That figure was dragged down by the fact that just 37% of younger voters said they were satisfied. Most see Biden’s presidency as a ‘failure’Biden is under water in every issue asked about in the CNN poll, according to Jennifer Agiesta, CNN’s polling director. And that’s the frustration.”Video Ad Feedback 'We're in trouble': Pollster reacts to his discussion with young voters 02:02 - Source: CNNUnhappy with the direction of the countryIt’s not just Biden and politics that are turning off young Americans. Just 38% of younger Americans in CNN’s poll said they are satisfied with their personal financial situation.
Persons: Joe Biden’s, Donald Trump, Trump, Biden, SSRS, , Robert F, Kennedy Jr, Kennedy, ’ Biden, Jennifer Agiesta, Agiesta, it’s, Republican pollster Frank Luntz, Erica Hill, ” Luntz, Joe Biden, , Pollster Organizations: CNN, Democratic, Israel, Trump, Biden, Fox News, Pew Research, Republican, Harvard University, Harvard Locations: Chicago, CNN’s, Israel, Gaza
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Related storiesUkraine has long faced problems recruiting enough troops to renew its military, exhausted and badly depleted after more than two years of brutal war with Russia. AdvertisementAccording to reports, units on the front line are seriously overstretched, and troops have to fight for weeks in some cases before they are rotated away from the front line to recuperate. "Truthfully, and I know some of my artillery brethren would chide me for this, but artillery and long-range systems do not win war," he said. Ukraine has not been able to do that to the extent they need to with some of the terrains they've lost to Russia."
Persons: , Mark Herlting, Hertling, Valerii Zaluzhnyi, Volodymyr Zelenskyy Organizations: Service, CNN, Business, US Army Locations: Ukraine, Russia, Europe
Election Deniers Are Still Shaping Arizona Politics
  + stars: | 2024-04-29 | by ( Jess Bidgood | ) www.nytimes.com   time to read: +1 min
Two years ago, a group of election deniers ran for office in Arizona, with Kari Lake’s campaign for governor topping the ticket. It turned out, though, that the small matter of losing was not going to keep election deniers out of the spotlight, nor away from key roles in the Arizona Republican Party and beyond. Last week, the Democratic attorney general of Arizona charged 17 people with counts including conspiracy, fraud and forgery, alleging they made efforts to overturn former President Donald Trump’s narrow loss in the 2020 election that amounted to a crime. Eleven of the people charged cast fake electoral votes in support of Trump. (While their names were redacted in the indictment, detailed descriptions contained in the charging documents made it easy to tell who they are.)
Persons: Kari Lake’s, Donald Trump’s, Trump, Rudolph Giuliani, Mark Meadows, Boris Epshteyn Organizations: Arizona Republican Party, Democratic, Trump, White House Locations: Arizona, New York
But in just a few weeks, her internet bills, and those of other Americans like her, could skyrocket by hundreds of dollars a year. The program is heavily used by Americans over age 50, military veterans and low-income working families nationwide, according to FCC data. Amira Karaoud/Reuters/FileRural and older usersThe ACP has quickly gained adoption since Congress created the program in the 2021 bipartisan infrastructure law. Large swaths of the ACP’s user base trend older; Americans over 65 account for almost 20% of the program. The FCC’s Lifeline program, which dates to the Reagan administration, similarly gives low-income households a monthly discount on phone or internet service.
Persons: Cindy Westman, , I’ll, , Westman, , Westman —, Gigi Sohn, , Biden, Allison Bailey /, Cynthia George, George, ” George, Marc Veasey, They’re, Geoffrey Starks, “ It’s, ” Starks, Amira Karaoud, Walter Durham, I’m, ” Durham, Michelle McDonough, McDonough, she’ll, doesn’t, “ I’m, ” McDonough, Kamesha Scott, Louis, Megan Janicki, ” Janicki, Reagan, Mike Johnson, Blair Levin, Johnson didn’t, Levin, Jonathan Blaine, ” Blaine, they’re Organizations: CNN, Program, Social, Federal Communications Commission, FCC, Capitol, Getty, MSN, White, ” Texas Democratic, , Comcast, ACP, Navy, American Library Association, Lifeline, Republicans, Republican, New, Research, ” Bills Locations: Eureka , Illinois, America, Dallas, Las Vegas, Kentucky, San Diego, United States, Maine, St, Vermont
The April celebration Vaisakhi is a time when Sikhs gather for community worship, meals, and parades. Here I was in America about a century later trying to honor the community he helped build and, by extension, the Sikh faith. Anumeha Sinha for BINow in my late 20s, it's been 11 years since I've lived in a close-knit Sikh community. To feel closer to her community, Kaur said she's now making a personal effort to honor traditions she learned when she was younger. But outside the Sikh community — and increasingly after 9/11, like Singh mentioned — I saw people misunderstand our symbols of faith.
Persons: , Vaisakhi, Anumeha Sinha, Guru Nanak, Guru Gobind Singh, Singh, Kaur, it's, I've, Harmeet Kaur, Harman Singh, Harmeet, hadn't, Sahib, she's, Kaur's, nishaan sahib, I'm, It's Organizations: Service, New, BI, Khalsa, ., BI Kaur, New York, Darbar Locations: New York City, Richmond Hill, Queens, Punjab, South Asia, Bangkok, America, . Orange, Brooklyn, Kentucky, Pikeville, Lexington , Kentucky, Atlanta and New York, New, Detroit, India, Windsor , Ontario, Bangkok , New York
In this article JPY= Follow your favorite stocks CREATE FREE ACCOUNTThe Japanese yen has weakened significantly against the dollar in 2022. Stanislav Kogiku | SOPA Images | LightRocket | Getty ImagesThe Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. The yen briefly touched 160.03 against the dollar, the weakest level since April 1990 when it touched 160.15, according to FactSet data. The yen has traded around 150 or weaker against the dollar since the Bank of Japan ended its negative interest rate regime in March. Japanese authorities have repeatedly warned against "excessive" moves in the yen, but have made no official announcements about bolstering the currency.
Persons: Stanislav Kogiku, Kazuo Ueda, Ueda, Vincent Chung, Rowe Price's, Chung Organizations: U.S, greenback, Bank of Japan Locations: Asia
Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.
Persons: , We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago
AI-powered solutions need to incorporate real-time data into their responses to be the most useful, he added. "My life has not been transformed by AI," MongoDB CEO Dev Ittycheria said in an interview with TechCrunch. AdvertisementAI services will have to incorporate "real-time data" to make them transformative to the average person, Ittycheria said. "I think that's where we will start seeing much more sophisticated apps, where you can embed real-time data along with all the reasoning." Bill Gates has compared AI to seismic tech advancements like the invention of the PC or the internet.
Persons: it's, Dev Ittycheria, , Ittycheria, Bill Gates, Mark Zuckerberg Organizations: Service, TechCrunch
Britain’s newly ratified plan to put asylum seekers on one-way flights to Rwanda has drawn objections from human rights groups, British and European courts, the House of Lords and even some members of Prime Minister Rishi Sunak’s Conservative Party. The Irish government said last week that asylum seekers in Britain who fear being deported to Rwanda are instead traveling to Ireland. Irish officials estimate that 80 percent of recent applicants for asylum crossed into the country via Northern Ireland, which is part of the United Kingdom, and with which the Republic of Ireland has an open border. That suggests that Britain’s vow to deport asylum seekers to Rwanda is already having something of a deterrent effect, which was Mr. Sunak’s sales pitch for the policy. On Sunday, Ireland’s prime minister, Simon Harris, said, “This country will not in any way, shape or form provide a loophole for anybody else’s migration challenges.”
Persons: Rishi, Simon Harris, Organizations: Conservative Party, Northern Ireland Locations: Rwanda, Ireland, Britain, Northern, United Kingdom, Republic of Ireland, Ukraine
Investors should be wary of coming Fed rate cuts, Black Swan investor Mark Spitznagel warned. That's because the Fed is only cutting rates in response to a weakening economy, Spitznagel told Reuters last week. The US could see a recession and major stock crash before rates head lower, he predicted. That's because the Fed is only likely to ease monetary policy when the economy is slammed with a recession and the market is flailing, according to famous "Black Swan" investor Mark Spitznagel. "There are lag effects when you reset interest rates like we had."
Persons: Black Swan, Mark Spitznagel, Spitznagel, , Swan, Nassim Taleb Organizations: Reuters, Service, Federal Reserve, Universa, Federal, National Association of Business Economics, Investor
Costco sells an estimated $200 million worth of gold and silver bars per month. Gold expert Taylor Huff says with the popularity, some buyers might not know what to expect. Huff recommended three things Costco shoppers should keep in mind when buying gold. Each new batch of gold bars sells out "within a few hours" of being released for a small mark-up over its spot price. This story is available exclusively to Business Insider subscribers.
Persons: Taylor Huff, Huff, Organizations: Costco, Service, Street Journal, Business
Earnings season is giving analysts plenty to chew on as they learn more about the impact of macro challenges on companies. Though Wall Street is watching short-term stock moves spurred by quarterly results, the top analysts have their eyes on companies' long-term prospects. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Despite Netflix's growth investments, the analyst expects an improvement in operating margin this year and beyond. Looking ahead, the analyst is positive about the company's ability to maintain annual revenue growth in the mid-teens, along with a very capital-efficient growth model.
Persons: Brian Pitz, Pitz, TipRanks, Goldman Sachs, Mark Delaney, Delaney, Baird, David Tarantino, Tarantino Organizations: Netflix Netflix, BMO Capital, Netflix, CTV, General Motors, EV, TAM, U.S Locations: U.S, Canada, North America
But too often, recent efforts to reform institutions have meant reconstituting them in ways that distort or fundamentally undermine their core mission. Nonprofit organizations, governmental agencies, university departments and cultural institutions have ousted leaders and sent their staffs into turmoil in pursuit of progressive political goals. The latest target is PEN America, a nonprofit organization dedicated to free expression by journalists and authors. This followed a refusal by several writers to have their work considered for PEN’s annual literary awards. According to its 21 signatories, mostly up-and-coming authors, “among writers of conscience, there is no disagreement.
Persons: George Floyd, Salman Rushdie, PEN’s, Suzanne Nossel, Jennifer Finney Boylan, Organizations: Nonprofit, PEN America, PEN Locations: Gaza, Israel
Mark Meadows has requested Supreme Court to recognize immunity for president's subordinates. One of Trump's own Supreme Court appointees seemed to draw the opposite conclusion. AdvertisementBefore the Supreme Court heard oral arguments in former President Donald Trump's immunity case, Mark Meadows tried to get his foot in the door. AdvertisementJudges have denied Meadows's attempts to move his criminal case to federal court, which could be more favorable legal territory. AdvertisementA Trump appointee had the opposite approachIn Thursday's hearings, the Supreme Court didn't directly take up the issue.
Persons: Mark Meadows, Trump's, , Donald Trump's, Trump, Joe Biden's, Meadows, doesn't, didn't, Neil Gorsuch —, John Sauer, Gorsuch, Sauer, we've, they're, Anthony Michael Kreis, George Terwilliger, Michael Dreeben, Amy Coney Barrett, Barrett, Donald Trump, Neil Gorsuch, Carolyn Kaster, Samuel Alito, Alito, Kreis, Richard Nixon, Ronald Reagan, That's, it's Organizations: Trump, Service, Republican, Attorney's, Supreme, Constitutional Convention, Georgia State University, Justice Department, Department of Justice, Kreis Locations: Georgia, Meadows, Fulton County, Atlanta, Fulton
It's the busiest week of the earnings season, and it could have major consequences for the stock market. This quarter: The fast-food giant is expected to report single-digit earnings and revenue growth from the year-earlier period, LSEG shows. Amazon is set to report earnings after the close. What history shows: Pfizer earnings beat earnings expectations 87% of the time, per Bespoke. Thursday Apple is set to report earnings after the bell.
Persons: Jeffrey Bernstein, Bernstein, JPMorgan's Andrea Teixeira, Teixeira, AMZN, Joseph Feldman, Feldman, AAPL, , Apple Organizations: Apple, Pfizer, IBM, CNBC, Barclays, Investment, Management, AWS, Amazon, pharma, Food and Drug Administration, UBS Locations: China
Insider Today: LinkedIn ghostwriter boom
  + stars: | 2024-04-28 | by ( Matt Turner | ) www.businessinsider.com   time to read: +4 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Meta CEO Mark Zuckerberg BIThis week's dispatchBig Tech takeawaysTesla, Meta, Microsoft, and Alphabet reported earnings last week. Microsoft: AI spend was also the name of the game at Microsoft. Alphabet also issued a $0.20 per share dividend — its first ever — joining its Big Tech peers like Microsoft, Apple, and Meta, in the dividend club. drbimages/Getty, LinkedIn, Tyler Le/BILinkedIn ghostwriting is boomingLinkedIn influencers are becoming more popular, with some amassing followings of millions of people.
Persons: , Herman Miller Eames, Mark Zuckerberg, Tesla, Meta didn't, Kevin C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Dominic Bugatto, Dani Widell, Hokyoung Kim, Tyler Le, Samu Hällfors Organizations: Service, Business, Big Tech, Meta, Microsoft, Apple, The, Airbnb, LinkedIn
London CNN —Prince Harry will return to the United Kingdom in May to celebrate a milestone anniversary of the Invictus Games, the biennial sporting competition he founded a decade ago. It was not immediately clear if the prince will meet with his relatives during the trip next month. Prince Harry talks with wheelchair basketball players during the launch of the Invictus Games at the Copper Box Arena in London's Queen Elizabeth Olympic Park in March 2014. Max Mumby/Indigo/Getty ImagesThe Invictus Games were established by Prince Harry after his deployment in Afghanistan. Winter sports will also be played for the first time at the Vancouver Whistler games, including Alpine skiing and snowboarding, Nordic skiing and biathlon, skeleton and wheelchair curling.
Persons: London CNN — Prince Harry, Duke, Sussex, King Charles ’, Harry, ABC’s, , , I’m, Meghan, Duchess of Sussex, Queen Elizabeth II, Paul’s, Prince Archie’s, Buckingham, Charles, Naruhito, Masako, Prince Harry, London's Queen Elizabeth, Max Mumby, ” Harry Organizations: London CNN, Invictus Games, London's Queen Elizabeth Olympic, CNN’s Royal, Invictus, Vancouver Whistler, First Nations Locations: United Kingdom, London’s St, Paul’s, United States, St, London's Queen, Afghanistan, Vancouver, Whistler, Canada
Overall, 92% of Republicans call Trump’s time in office a success, while just 73% of Democrats say Biden’s has been a success so far. Among independents, 51% say Trump’s presidency was successful, while only 37% see Biden’s as a success. Those voters who say the economy is deeply important break heavily for Trump in a matchup against Biden, 62% to 30%. In the Biden vs. Trump matchup, the poll finds Biden faring worse than in previous CNN polls among the youngest voters, trailing Trump by a 51%-to-40% margin among voters younger than 35. But the poll finds that Biden voters and Trump voters largely just don’t understand each other.
Persons: Donald Trump, Joe Biden, Biden’s, Trump, That’s, Trump’s, it’s, Biden, Robert F, Kennedy Jr, Cornel, Jill Stein, Kennedy, Stein, SSRS, CNN’s Ariel Edwards, Levy, Ed Wu Organizations: CNN, SSRS, Biden, Capitol, Republicans, Trump, Supreme Court, Hamas, Democratic, GOP, Cornel West, Green Party, Fox News, Pew Research, Surveys Locations: Israel, Gaza, Washington, Trump
Berlin's techno scene was recently added to the UNESCO intangible cultural heritage list in Germany. The impact on Berlin's identity has been so significant that it has now received official recognition, with the city's techno scene recently added to UNESCO's intangible cultural heritage list in Germany. Dimitri HegemannWhen Dimitri Hegemann first entered the space that was to become the original site of Tresor, now one of Berlin's most iconic techno clubs, he was silent. A DJ performing during the Rave The Planet techno parade in Berlin, 2023. Lutz Leichsenring, a board member at the Clubcommission, told BI that the recognition was a "milestone for Berlin techno producers, artists, club operators and event organizers."
Persons: , Dimitri Hegemann, Hegemann, Jeff Mills, Juan Atkins, Christian Ender, Nathan Rennolds Polish, Jennifer Kucza, Sean Gallup, Berliners, Lutz Leichsenring Organizations: UNESCO, Service, Business, BBC, Reuters, Berlin Locations: Germany, Berlin, Tresor, Detroit, New,
As anchor department stores left malls, so did some name-brand chains like Ruby Tuesday, Chili’s, Applebee’s and others. What’s taking their place illustrates a large shift in US tastes: There’s a boom in smaller and regional restaurant chains with a local following. At the same time, many national chains are prioritizing drive-thru locations over their sit-down restaurants in malls. Chick-fil-A restaurants were only located in mall food courts for the company’s first 20 years. “Traditional mall restaurants were casual dining chains like Chili’s, TGI Fridays, and quick-service restaurants in food courts.
Persons: Ruby, What’s, Paul Hennessy, , Chris Simms, Simms, Gabby Jones, Mark Hunter, CBRE, RJ Hottovy, ” Hottovy, David Kim, ” Kim, It’s Organizations: New, New York CNN, Anadolu Agency, Getty, , Food, JCPenney, Nordstrom, Green, Westfield Garden, Bloomberg, Deloitte, NV Locations: New York, Applebee’s, Orlando , Florida, Paramus , New Jersey, United States, Greenbriar, Atlanta, Korean, Henderson
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