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Hundreds of demonstrators have been arrested in the last 24 hours as protests decrying Israel's bombardment of Gaza continue at university campuses across the nation. The majority of demonstrations have called for the divestment from companies that support Israel and the war in Gaza. Meanwhile, at the University of Arizona, law enforcement used pepper balls and rubber bullets against protesters Wednesday, the university said in a statement. The Los Angeles Police Department has also issued a city-wide "tactical alert" related to a pro-Palestinian encampment at UCLA, a law enforcement source told CNN. University of Texas at Dallas: At least 17 arrests have been made at the campus as of Wednesday evening, school officials said.
Persons: That's, Minouche Shafik, Lowenstein, Jennifer L, Mnookin Organizations: University of California, CNN, University of Arizona, Columbia University, City College, Hamilton Hall, City College of New, University, Dartmouth College, WMUR, Fordham University, NYPD, Buffalo, Los Angeles : Police, Los Angeles Police Department, UCLA, University of New, State, New Hampshire Department of Safety, ” University of Texas, Austin Fox, University of Texas, Austin, Texas Department of Public Safety, . University of Texas, Dallas, University of Wisconsin Locations: Gaza, Israel, Los Angeles, New York, City College of New York, University of New Hampshire, Austin, Madison
A deal struck by Northwestern University officials and pro-Palestinian demonstrators brought an end to a protest encampment on campus but drew harsh criticism from Jewish leaders and students on Wednesday. The agreement, announced this week, included a promise by the university to be more transparent about its financial holdings. In turn, demonstrators removed the tent camp they built last week at Deering Meadow, a stretch of lawn on campus. The university did not commit to divesting from companies linked to Israel’s military campaign in Gaza, a chief demand animating campus protests across the nation. But protest organizers at Northwestern said they saw transparency as a first step toward that goal.
Persons: , Elizabeth Shakman Hurd, , Hillel, Michael Schill, Schill, ” Paz Baum, Baum, Mr Organizations: Northwestern University, Northwestern, Educators for Justice, American Jewish Committee, Cook County Circuit Court, Jewish Voice, Peace, Brown University, Columbia University, University of California Locations: Deering, Gaza, Palestine, Northwestern, Cook County, New York, Los Angeles
This screengrab shows a campus police officer removing a hijab off a protester’s head at Arizona State University, Phoenix, Arizona. Mass Liberation AZVideo taken over the weekend at Arizona State University shows a campus police officer removing a hijab from a protester’s head during her arrest. After being detained and bused to jail, the women were not given their hijabs back, Al-Sayyed said. Around 15 hours later, when he was finally given access to his clients, Al-Sayyed said he was able to bring them new hijabs. In a statement to CNN, the university said, “This matter is under review.” CNN has reached out to the Maricopa County Attorney's Office for comment.
Persons: Zayed Al, Sayyed, “ You’re, , , Al, … who’s, they're, ” Al, Azza Abuseif Organizations: Arizona State University, Mass, Mass Liberation, CNN, ASU Police Department, United, Constitution, Islamic Relations, CAIR, ASU Police, ” CNN, Maricopa County Attorney's Locations: Phoenix , Arizona, Al, Arizona, Maricopa County
Technical analyst Rob Ginsberg said in a note to clients late Tuesday that the recent bounces for the S & P 500 and the Nasdaq-100 look suspiciously like "bear flags," an ominous chart pattern. "Equities ended the month on a sour note, as last week's dead cat bounces stalled out beneath resistance. A "bear flag" is a technical pattern that sometimes develops during short-term bounces in a broader market decline. Last week, the S & P 500 rose 2.7%, its best weekly performance since November. Ginsberg said in the note that he sees potential downside to the 4,800 level on the S & P 500, which would equal a further decline of about 4.5%.
Persons: Rob Ginsberg, doesn't, Ginsberg Organizations: Wolfe Research, Nasdaq
Local news footage and social media images showed scenes of chaos: Members of the clashing groups threw punches and wrestled each other to the ground. At about 3:30 a.m., officers wedged themselves between the groups, and the violence began to de-escalate. As the campus awoke early Wednesday, students and other curious onlookers leaned against the barricades at the encampment, silently taking videos or snapping photos. A police helicopter continued to hover overhead, and a large Palestinian flag at the center of the camp swayed in the wind. Detritus from a night of chaos — trash, broken pieces of wood, trampled clothing — speckled the ground.
Persons: counterprotesters, , Ms, Salem, , Michael Nasir, Sergio Garcia Organizations: California, Patrol
Hundreds of small and regional banks across the U.S. are feeling stressed. "You could see some banks either fail or at least, you know, dip below their minimum capital requirements," Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC. Consulting firm Klaros Group analyzed about 4,000 U.S. banks and found 282 banks face the dual threat of commercial real estate loans and potential losses tied to higher interest rates. "That means there'll be fewer bank failures. For individuals, the consequences of small bank failures are more indirect.
Persons: Christopher Wolfe, They're, Brian Graham, Graham, Sheila Bair Organizations: Fitch, CNBC, Consulting, Klaros, U.S . Federal Deposit Insurance Corp, FDIC Locations: U.S
The bitcoin sell-off could get worse before it gets better, according to analysts who look only at price charts. The downtrend intensified on Wednesday when it tumbled under the $60,000 level for the first time since February, as stubborn inflation and uncertainty around Federal Reserve interest rate policy kept markets under pressure. That was a key support level for bitcoin, representing the approximate convergence of the March low and 100-day moving average, according to Ari Wald, an analyst at Oppenheimer. Wolfe Research's Rob Ginsberg said $60,000 bitcoin looks "vulnerable" and that $50,000 could be in play. Bitcoin traded between $60,000 and $74,000 since mid-March, when the cryptocurrency reached new records and has failed multiple times to break out.
Persons: Ari Wald, Oppenheimer, It's, bitcoin, David Keller, Wald, Keller, Geoff Kendrick, Wolfe, Rob Ginsberg, Bitcoin, , Michael Bloom, Rob Ginsberg's Organizations: CNBC Locations: U.S
Wells Fargo expects two rate cuts in the second half of 2024
  + stars: | 2024-04-30 | 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 EmailWells Fargo expects two rate cuts in the second half of 2024Paul Christopher, global head of market strategy at Wells Fargo Investment Institute, Stephanie Roth, chief investment economist at Wolfe Research, and CNBC's Steve Liesman join 'The Exchange' to share their expectations from the Federal Reserve on rate cuts.
Persons: Paul Christopher, Stephanie Roth, Steve Liesman Organizations: Wells, Wells Fargo Investment Institute, Wolfe Research, Federal Locations: Wells Fargo
It lets women set a question all matches can respond to, meaning men might be the first to message. Starting Tuesday, the feature lets women set a question that all their matches can answer to get the conversation started. Bumble found in testing that Opening Moves increased "chat initiation and reply rates, as well as lengthening time spent in conversation," the release said. Jones had recently hinted that Bumble might move away from making women reach out first. AdvertisementBeyond Opening Moves, Bumble is shaking up its look with a redesign, one of several changes it's made since Jones took over as CEO in January.
Persons: Bumble, , Lidiane Jones, We're, it's, Jones, Whitney Wolfe Organizations: Service
Officials at the University of California, Los Angeles, declared a pro-Palestinian encampment illegal for the first time on Tuesday night and warned protesters that they faced consequences if they did not leave. It was an abrupt turn at a campus that had been among the most tolerant in the nation, abiding by a University of California practice of avoiding law enforcement action unless “absolutely necessary to protect the physical safety of our campus community.”After protesters established the encampment on Thursday in the shadow of Royce Hall, university officials did not intervene and said they wanted to support free speech rights while minimizing campus disruption. But patience appeared to run out after violent confrontations in recent days between pro-Palestinian demonstrators and Israel supporters that required the campus police to intervene. Administrators also took issue with instances in which protesters used metal gates and human walls to control access to campus walkways and entrances, videos of which had circulated on social media.
Persons: Royce Organizations: University of California, Royce Hall Locations: Los Angeles, Israel
New York CNN —Ten years after creating a new model for dating apps with its “women make the first move” feature, Bumble is opening the door to men starting conversations on its platform. Bumble is rolling out a new feature called “opening moves” that will let female users set a prompt to which male suitors can respond to initiate a conversation. The feature reverses a longstanding requirement by the app that women send the first message to their matches, which Bumble said gave women more power over their dating lives. Jones sees the Bumble redesign as a way to help the platform meet that moment. The changes could be key to returning Bumble — which also owns dating apps Badoo and Fruitz — to profitability after it posted a $1.9 million net loss last year.
Persons: Bumble, Lidiane Jones, Whitney Wolfe, Jones, ” Jones, , Organizations: New, New York CNN, CNN, Wall Street Locations: New York
Israel supporters standing on the opposite side of a walkway from the large pro-Palestinian encampment at the University of California, Los Angeles. On Sunday, the Israeli American Council, which has denounced pro-Palestinian protests on college campuses as “overtly antisemitic,” hosted a rally at U.C.L.A. On Monday night, another fight broke out between two groups of protesters after about 60 pro-Israel demonstrators attempted to enter the pro-Palestinian encampment. Image Pro-Palestinian protesters have come face to face daily with Israel supporters at the University of California, Los Angeles. Many Jewish groups say the campus protests have created a climate hostile toward Jewish students.
Persons: Israel, Royce, U.C.L.A, , ” Mary Osako, , Ms, Osako, megaphones, Mark Abramson, Asher Taxon, ” Mr, Taxon, Kaia Shah Organizations: University of California, Royce Hall, University of Southern, University of Texas, Israeli American Council, “ UCLA, Israel, Los Angeles . Credit, The New York Times, U.C.L.A Locations: Los Angeles, University of Southern California, Austin, Israeli, Israel, U.C.L.A, Atlanta, Orange County, Calif, Gaza
At Washington University , more than 80 people were arrested at the campus Saturday, the university said. About 100 people were arrested on Northeastern University's campus in Boston on Saturday morning as authorities broke up an unauthorized encampment. At Arizona State University , police arrested 72 people in connection to an encampment on campus, university officials said. , police arrested 72 people in connection to an encampment on campus, university officials said. The number of demonstrators on George Washington University's campus is dwindling, but another group has erected an encampment of about 20 tents on a nearby public street.
Persons: scuffles, Jill Stein, George Washington Organizations: University of California, Washington University, Green Party, Arizona State University Locations: Israel, Gaza, University of California Los Angeles, Northeastern University's, Boston
Investors should look to energy stocks as stubborn inflation weighs on the stock market amid growing anxiety over whether the Federal Reserve will cut interest rates at all this year, according to Wolfe Research. "This inability to adequately tame inflation of course coincides with the reacceleration of Oil and Energy stocks over the past few months," analysts Rob Ginsberg and Read Harvey told clients in a Monday note. The Wolfe analysts said investors should take advantage of any near-term overbought consolidations and make a play for the stock to rise back into the mid $40s. Crude oil and the 10-year breakeven inflation rate, meanwhile, are both on the upswing from multiyear bases, according to the Wolfe analysts. "Needless to say, we want to keep playing Oil and Energy stocks to the upside over near – mid term, which should in turn put continued upward pressure on inflation," the Wolfe analysts said.
Persons: Rob Ginsberg, Read Harvey, Ginsberg, Harvey, Halliburton, EQT, Wolfe, CNBC's Michael Bloom Organizations: Federal Reserve, Wolfe Research, Oil, Energy, Halliburton, EQT Corporation, HAL, Securities Locations:
When university administrators across the nation worry about the potential fallout from campus protests, they may have Siemens Hall in mind. The building at California State Polytechnic University, Humboldt, includes the campus president’s office and has been occupied for a week by pro-Palestinian protesters who barricaded themselves inside and fought off an early attempt by the police to remove them. Protesters have since tagged walls and renamed it “Intifada Hall” by ripping off most of the signage on the brick exterior. The school, situated more than 275 miles north of San Francisco among the ancient coastal redwoods that drip with fog mist, is the site of the nation’s most entrenched campus protest. It has gone well beyond the encampments on student quads elsewhere; at Cal Poly Humboldt, protesters took over the power center of the campus and have rejected increasingly desperate entreaties from officials for them to vacate the premises.
Persons: Tom Jackson Jr Organizations: Siemens, California State Polytechnic University, Humboldt, , Gaza, Cal Poly Humboldt Locations: San Francisco
Emory University: 28 people were arrested, including 20 Emory community members, during a protest at the school, Vice President for Public Safety Cheryl Elliott said. Brown University: The university identified about 130 students who it alleges violated a school conduct code that forbids encampments on campus. George Washington University: DC Metropolitan Police were asked to assist in relocating an “unauthorized protest encampment” on campus, university president Ellen M. Granberg said. Northeastern University: An encampment formed at Northeastern University in Boston, where dozens of protesters were seen forming a human chain around several tents. Other campuses: Since last Thursday, there have been protests at several campuses, including the Massachusetts Institute of Technology, University of Texas at Austin, University of Michigan, University of New Mexico, University of California, Berkeley, Yale University, Harvard University, Princeton University and the University of Minnesota’s Twin Cities campus.
Persons: , Minouche, Shafik, Cheryl Elliott, Jay Bernhardt, Ellen M, Granberg, GWPD Organizations: New York's Columbia University, Columbia University, The New York Times, University of Southern, Emory University, Emory, Public, Troopers, Georgie State Patrol, Democratic, Georgia State Patrol, Emory . Brown University, Students, Emerson College, Boston, Boston Police Department, Indiana University, George Washington University, DC Metropolitan Police, University of California, UCLA, Northeastern University, Massachusetts Institute of Technology, University of Texas, Austin , University of Michigan, University of New, Yale University, Harvard University, Princeton University, University of Minnesota’s, University of Minnesota’s Twin Cities Locations: Israel, Gaza, University of Southern California, Democratic Georgia, Los Angeles, Boston, University of New Mexico, Berkeley, University of Minnesota’s Twin
"Bitcoin continues to demonstrate its inability to successfully get through that stubborn $70k resistance level," Wolfe's Rob Ginsberg said in a note Wednesday. "It reminds us of another group that has been unable to overcome its own resistance level ... small caps," he continued. Now, bitcoin has retested its highs while small caps have barely proved they can stay above $2,000 in [the Russell 2000 ]." BTC.CM= .RUT 6M mountain Bitcoin and Russell 2000 Bitcoin has been meandering in the $60,000 level since the beginning of March. All of the major stock indexes are down for the month, and the small-cap Russell 2000 is tracking for a deeper loss of about 6%.
Persons: Bitcoin, Rob Ginsberg, bitcoin, Russell, Ginsberg, Michael Bloom Organizations: Wolfe Research, Federal Reserve
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel's traditional business hasn't grown fast enough to cover its manufacturing costs: Chris CasoChris Caso, Wolfe Research senior analyst, joins 'Squawk Box' to discuss Intel's quarterly earnings results, the company's weak guidance, semiconductor production outlook, and more.
Persons: Chris Caso Chris Caso Organizations: Wolfe Research
A demonstrator holding a sign holds up a fist after students built a protest encampment in support of Palestinians at the University of Southern California's Alumni Park on April 24, in Los Angeles, California. David Swanson/ReutersTensions escalated once police entered the University of Southern California campus, according to Jonathan Park, an editor of the Daily Trojan, the college’s newspaper. “When we saw the LAPD coming in from Vermont Avenue and working with campus officers, encircling on them, it definitely changed the mood,” Park told CNN’s Anna Coren. The Los Angeles Police Department said 93 people were later arrested on suspicion of trespassing during Wednesday's demonstrations at USC. There are also wider calls to cut ties with Israeli academic institutions and to cut funding from entities connected to Israel.
Persons: David Swanson, Jonathan Park, , CNN’s Anna Coren, scuffles, , Nick Watts, Park Organizations: University of Southern California's, Reuters, University of Southern, Daily Trojan, CNN, Los Angeles Police Department, USC Locations: Los Angeles , California, University of Southern California, Vermont, Israel, Gaza, Palestinian, Palestine
Here's why Thursday's post-GDP sell-off may be overdone
  + stars: | 2024-04-25 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Stocks sold off Thursday aHoweverfter the latest economic data came in weaker than expected, but some observers say that the reaction was overdone. While the headline GDP number missed expectations, it nevertheless showed economic growth the Fed could take in stride, they say. He noted that the core parts of GDP, such as consumption growth and residential growth, were "quite good." "Stagflation is a combination of stagnant growth and high inflation," Nick continued. "I think the earnings backdrop has been very supportive," Lee told CNBC's " Closing Bell " on Thursday.
Persons: Stocks, Dow Jones, Chris Zaccarelli, Brian Nick, Nick, we're, Rob Ginsberg, Ginsberg, Fundstrat's Tom Lee, Lee, CNBC's, Jeff Cox Organizations: Federal Reserve, Independent, Alliance, Dow Jones, Treasury, Macro, Wolfe Research Locations: U.S
Technical analyst Rob Ginsberg said in a note to clients Wednesday that the Global X FinTech ETF (FINX) looks attractive after a long period of underperforming the broader market. "Now that we're past much of the big bank earnings, there are a number of fintech and financial service names on the docket this week and next. FINX 5Y mountain The FINX ETF has shown early signs of a rebound in 2024. Ginsberg wrote that the ETF has some positive technical signals of its own. To be sure, earnings reports could prove to be a downside catalyst for financial technology stocks and the fund.
Persons: Rob Ginsberg, Ginsberg, — CNBC's Michael Bloom Organizations: titans, Wolfe Research, Paypal Locations: Fintech, FINX
A wave of pro-Palestinian protests spread and intensified on Wednesday as students gathered on campuses around the country, in some cases facing off with the police, in a widening showdown over campus speech and the war in Gaza. University administrators from Texas to California moved to clear protesters and prevent encampments from taking hold on their own campuses as they have at Columbia University, deploying police in tense new confrontations that already have led to dozens of arrests. At the same time, new protests continued erupting in places like Pittsburgh and San Antonio. Students expressed solidarity with their fellow students at Columbia, and with a pro-Palestinian movement that appeared to be galvanized by the pushback on other campuses and the looming end of the academic year. Protesters on several campuses said their demands included divestment by their universities from companies connected to the Israeli military campaign in Gaza, disclosure of those and other investments and a recognition of the continuing right to protest without punishment.
Organizations: University, Columbia University, Columbia, Protesters Locations: Gaza, Texas, California, Pittsburgh, San Antonio
Here are Tuesday's biggest calls on Wall Street: Loop initiates MongoDB as buy Loop sees growth accelerating for the developer data platform company. JPM reiterates General Motors and Ford as overweight JPMorgan said the stocks will benefit from "lower commodities & higher production outside China." JPMorgan upgrades Assai to overweight from neutral JPMorgan said it sees improving trends and better visibility for the Brazilian wholesaler. JPMorgan upgrades Roblox to overweight from neutral JPMorgan said it sees a "compelling entry point" for the stock. JPMorgan downgrades Five Below to neutral from overweight JPMorgan downgraded Five Below due to "ongoing macro pressure."
Persons: JPM, JPMorgan, KeyBanc, Wells, D.A, Davidson, Davidson's, Berenberg, Morgan Stanley, Harley, Evercore, it's bullish, it's, Tesla, Rosenblatt, Oppenheimer, Dwight, Key, Truist, Wolfe, Warner, Price Organizations: Motors, Ford, GM, Nvidia, MU, BMO, prem, NICE, JPMorgan, Barclays, Apple, Albertsons, Catalyst Watch, NOVA, Penn Entertainment, PENN, ESPN Bet, Benchmark, Qualcomm, Warner Brothers, Warner, HBO Locations: China, Texas, U.S
As protests over the Israel-Hamas war have erupted at U.S. universities in recent months, student journalists have been reporting daily as their campuses have been embroiled in debates over free speech, university investments and the ongoing conflict in the Middle East. Some student newspapers’ editorial boards have offered assessments of their campus disputes. They have opined on how administrators are responding to protesters and defended the rights of students to speak out. They have been particularly vocal about the threats of harassment and doxxing, which many editorial boards have argued were stifling free speech on campus. Here are a few of the editorials that have been written by student newspapers in the last couple of weeks as tensions have escalated at several campuses.
Locations: Israel, U.S
CNN —Columbia University faces a seventh day of tense pro-Palestinian demonstrations as solidarity protests have rippled to other colleges and prompted arrests at NYU and Yale. • Columbia goes to hybrid classes amid turmoil: As some students have expressed safety concerns, Columbia said almost all classes on its main campus will be hybrid — technology permitting — until the end of the semester. • NYU students and faculty arrested as protests proliferate: New York University students and faculty members were arrested during protests on the school’s campus Monday night, police said. • Jewish students on heightened alert: As the major Jewish holiday of Passover began Monday, Columbia’s Jewish student organizations said they have increased security around their gatherings due to safety concerns, including having a police presence at the campus Jewish cultural center. Republican Rep. Virginia Foxx has warned university leaders of consequences if they do not rein in the protests.
Persons: Columbia, Passover, Minouche, Virginia Foxx Organizations: CNN — Columbia University, NYU, Yale, New York University, MIT, Harvard, Boston University, New Haven , Connecticut police, Jewish, • University, Republican, Committee, Education, , Republican Rep Locations: New Haven , Connecticut
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