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☆ Buy Nvidia stock now or wait for another drop? Two fund managers disagree
▼ + stars: | 2024-05-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The substantial rise in Nvidia's share price has, however, has raised questions about whether those not already invested should buy the stock now, or wait to see if its price drops. Buy Nvidia Trent Masters, portfolio manager at the Sydney-based Alphinity Investment Management, has a buy recommendation on Nvidia, even as he acknowledges that it is "hard to buy a stock that has already gone up a lot." Acknowledging that Nvidia is a "great company," that is effectively operating a "monopoly" in the AI chipmaker segment, he has been reducing his holdings in the stock "Nvidia is a company that ran too far too fast. For instance, he is looking at an annualized revenue growth rate of near 50% over the next five years to justify the stock price. Despite reducing his position in the stock, Coons remains cautiously optimistic on Nvidia.

Persons: It's, We've, we've, Nvidia Adam Coons, Coons, " Coons Organizations: Nvidia, CNBC, Nvidia Trent Masters, Alphinity Investment Management, Devices, Winthop Investment Management Locations: Sydney, U.S

☆ AI could drive a natural gas boom as power companies face surging electricity demand
▼ + stars: | 2024-05-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +10 min

AI data centers alone are expected to add about 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. The forecast power demand from AI alone is seven times greater than New York City's current annual electricity consumption of 48 terawatt hours. The natural gas industry is betting gas will serve as the preferred choice. Coal plant retirements and data centers could result in 6 bcf/d of new natural gas demand in EQT's backyard by 2030, the CEO said. The level of electricity demand could help lift natural gas prices out of the doldrums.

Persons: Kena, Goldman Sachs, Robert, Richard Kinder, Kinder Morgan, Kinder, Roger Read, Wells, Goldman, Toby Rice, Rice, CNBC's, Christopher Womack, Robert Blue, EQT, Jeremy Knop, Knop, Blue, Read, Lynn, Zack Van Everen, Robert Kinder Organizations: Linden, View Press, Getty, Amazon, Google, Microsoft, Meta, Rystad Energy, Robert Blue Dominion Energy, Gas, Holt, Co, EQT Corp, U.S ., Dominion Energy, Georgia Power, Southern Company, Dominion, Renewables, CNBC, Lynn Good, Energy Locations: Linden New Jersey, U.S, Wells, Wells Fargo, New York, Houston, Pickering, Northern Virginia, Georgia, Appalachian, Virginia, Gulf

☆ Israel’s Claim of Killing ‘Half’ of Hezbollah Commanders in Southern Lebanon Draws Skepticism
▼ + stars: | 2024-04-25 | by ( Euan Ward | Hwaida Saad | ) www.nytimes.com time to read: +1 min

Israel’s defense minister has said that the country’s military has eliminated half of Hezbollah’s commanders in southern Lebanon. But analysts doubt whether Israel’s increasing use of targeted killings would weaken the militant group. “Half of the Hezbollah commanders in southern Lebanon have been eliminated,” Israel’s defense minister, Yoav Gallant, said during a visit on Wednesday to Israeli troops along the northern border with Lebanon. “The other half are in hiding,” he added, without providing a specific number or evidence of his claim. A Hezbollah official and a senior Lebanese intelligence official, both of whom spoke anonymously to discuss the sensitive subject, denied Mr. Gallant’s numbers on Thursday.

Persons: Yoav Gallant, ”, Israel’s Organizations: Hezbollah Locations: Lebanon, Israel, Lebanese

☆ Buy this little-known storage stock with more than 40% upside, Jefferies says
▼ + stars: | 2024-04-15 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Jefferies said Janus International is an undervalued small cap name that can outpace peers in the storage sector. The firm initiated coverage of the self storage stock with a buy rating and a $20 per share price target. Janus International stock has risen nearly 8% in 2024. Analyst Philip Ng said that while Janus remains outside of investor focus, he thinks the stock is undervalued compared with peer small cap storage firms. "As the only national player with a full-service solution, JBI has strong pricing power," he added.

Persons: Jefferies, Janus, Philip Ng, it's, Ng, JBI, Michael Bloom Organizations: Janus International, stoke

☆ From Nvidia to Boeing: Portfolio manager reveals the stocks she's loving right now
▼ + stars: | 2024-04-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Portfolio manager Barbara Doran has revealed a number of her favorite stocks, reiterating a bullish outlook on the stock market more broadly. Shares in Boeing have also taken a hit, sliding around 13% over the last 12 months and falling 28% year-to-date. Nvidia A more popular name on Doran's list of stocks to watch is U.S. chipmaker Nvidia . FactSet data shows that 53 analysts have a buy or overweight rating on Nvidia, while 7 give it a hold rating. FactSet data shows that, of the 33 analysts covering the stock, 13 give it a buy or overweight rating.

Persons: Barbara Doran, CNBC's, we've, Doran's, Max, I'd, Doran Organizations: BD8 Capital Partners, Boeing, Alaska Airlines, Federal Aviation Administration, Nvidia, CNBC Locations: North America, China

☆ Friday's analyst calls: Netflix seen adding to huge gains, Krispy Kreme gets upgrade
▼ + stars: | 2024-04-05 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Citi raised its target price to $106 from $101, which amounts to about 25% upside from Thursday's $84.47 close. Ollie's stock has ticked down 6.2% in 2024. SoFi stock has been under pressure in 2024 with a nearly 27% pullback. —Brian Evans 6:07 a.m.: Pivotal Research Group raises Netflix price target to Wall Street high Pivotal Research Group expects Netflix to outperform estimates for subscriber growth and average revenue per user in 2024 and beyond. Netflix stock has surged about 27% in 2024.

Persons: McDonald's, Anthony Pettinari, Brian Evans, Ollie's, Anthony Chukumba, — Brian Evans, KBW, Keefe, Timothy Switzer, Jeffrey Wlodarczak, Piper Sandler, Krispy, Krispy Kreme, Piper, Brian Mullan, Mullan Organizations: CNBC, Netflix, Sofi Technologies, Citi, Capital, Holdings

☆ The accountant shortage is so bad that it's delaying key reports at companies like Tupperware
▼ + stars: | 2024-04-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Read previewThe accountant shortage is so bad that companies are delaying filing key mandatory reports. On Friday, Tupperware said it didn't have enough accountants to get its annual report out on time. The storage container manufacturer is the latest on a growing list of companies that have delayed their annual reports for a host of reasons. About 70 companies have postponed annual reports this year, up 40% from last year, research company Intelligize tallied last month. Tupperware added that previous delays in filing its 2022 annual report led to postponement of its quarterly reports, which subsequently pushed back work on its 2023 annual report.

Persons: —, Tupperware, Intelligize, Steven Kachelmeier, Fitness Organizations: Service, Business, LinkedIn, PricewaterhouseCoopers, American Institute of Certified Public Accountants, US Bureau of Labor Statistics, Accountants, University of Texas, Mattel, Securities, Exchanges Locations: Orlando, Poland, American

☆ BYD’s profit soared 80% in the year the Chinese EV giant overtook Tesla
▼ + stars: | 2024-03-26 | by ( Laura He | Anna Cooban | ) edition.cnn.com time to read: +2 min

Net profit almost doubled to 30 billion yuan ($4.2 billion) last year, from 16.6 billion yuan ($2.3 billion) in 2022, the Shenzhen-based company said Tuesday. BYD sold 525,409 battery electric vehicles (BEVs) during that period, compared with Tesla’s 484,507. In 2023 as a whole, BYD sold a record 3.02 million vehicles globally, up 62% from 2022. Its entry-level model sells in China for the equivalent of just over $10,000; the cheapest Tesla car, a Model 3, costs almost $39,000. But intensifying competition and a brutal price war last year have impacted the profit margins of many Chinese car makers, including BYD.

Persons: London CNN — BYD, That’s, Warren Buffett, BYD, Tesla, Elon Musk’s carmaker Organizations: London CNN, Elon, Tesla, Chinese Passenger Car Association, Geely, Chery, XPeng Motors Locations: Hong Kong, London, Shenzhen, China

☆ Forget Nvidia: Here are four stocks one investor is betting on instead
▼ + stars: | 2024-03-26 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +6 min

Instead, the veteran wealth manager is now looking for stocks in growth sectors that look "reasonably valued." He said the pharmaceutical, real estate, energy and financial sectors were on his radar, and named four stocks that stand out. Pfizer Pharmaceutical company Pfizer — well known for its Covid-19 vaccine — is betting on cancer drugs , following its $43 billion acquisition of Seagen last year . Over the last 12 months, shares of Comerica are up around 28%, although they are down 7.5% year-to-date. According to Factset data, analysts' average price target on the stock is $59.45, giving it around 15% potential upside.

Persons: David Dietze, Dietze, —, Schlumberger —, Dietze's, SLB Organizations: Nvidia, Wealth Management, Pfizer Pharmaceutical, Pfizer, CNBC Pro, Schlumberger, Comerica Locations: Seagen, U.S, SLB, Canada

Video shows RSF soldiers humiliating men from a village in Jazira state. Displaced people fleeing from Jazira state arrive in Gedaref, in the east of war-torn Sudan, on December 22, 2023. The RSF told him they would only return his car if he worked for them, Farouk recalled. Displaced people fleeing from Jazira state arrive in Gedaref, in the east of war-torn Sudan, on December 22, 2023. The RSF’s violent advances in Jazira state, their targeted destruction of warehouses, Sudan’s gene bank and irrigation systems will inevitably further exacerbate Sudan’s massive food shortages,” she said.

Persons: CNN —, “, Sudan’s, ”, Alex de Waal, Mohamed Badawi, Luis Tato, Sidiq Farouk, Farouk, ” Farouk, hasn’t, ‘, ’, Hala Al, Al Karib, Tomoya Obokata, Leni Kinzli, ” Kinzli, Omar Marzoug, geolocated, Waal, Médecins, Anette Hoffmann, You’re, ” CNN’s Benjamin Brown Organizations: CNN, Rapid Support Forces, Sudanese Armed Forces, SAF, United Nations, Peace Foundation, African Center for Justice, Peace Studies, Getty, Food Programme, UN Office, Humanitarian Affairs, UN, Hala, Initiative, Women, UNICEF, WFP, “, ” CNN, ”, Farmers ’ Alliance, Clingendael Institute, Agriculture Organization Locations: Al Jazira, Sudan’s, Darfur, Jazira, Sudan’s breadbasket Jazira, Sudan, Khartoum, of, Sudanese, Renk, South Sudan, AFP, Chad, Gedaref, Hala Al Karib, Horn of Africa, Omdurman, Al, of Africa

☆ Goldman loves these stocks and thinks the rest of Wall Street is underestimating their earnings
▼ + stars: | 2024-03-01 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs has its eyes on equities that have stronger earnings potential this year than the rest of Wall Street believes. Goldman highlighted to clients stocks where Wall Street analysts are raising their estimates, but not by enough. Goldman believes the rest of Wall Street will need to revise their earnings estimates upward by even more, driving gains for the shares. General Motors beat Wall Street fourth-quarter estimates and forecast stronger-than-expected 2024 earnings in the range of $8.50 to $9.50 per share. Goldman Sachs now predicts the company will earn $9.10 per share, which is roughly 2% higher than Wall Street estimates, it said in a research note.

Persons: Goldman Sachs, Goldman, Stocks, Goldman isn't, Doug Anmuth, FactSet, Joseph Spak Organizations: Wall, Nvidia, Dow Jones, Analysts, JPMorgan, General Motors, GM, UBS, United Auto Workers Locations: Detroit, Pinterest

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Microsoft, Delta, Disney, Snowflake, Okta, Salesforce & more
▼ + stars: | 2024-02-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.

Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea

☆ Is it too late to buy Nvidia shares? Here's what Wall Street says
▼ + stars: | 2024-02-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The bank increased its price target for Nvidia to $820 from $575 in a Feb. 22 note. TD Cowen said in a Feb. 21 note that the company is likely to maintain strong data center growth in the coming years. It raised its price target for Nvidia from $800 to $925. Luria only has a neutral rating for Nvidia, giving it a $410 price target — implying a 47% downside. Bottomline: According to FactSet, analysts covering Nvidia gave it a 93% buy rating, with an average price target of $850.97, implying upside of 8.4%.

Persons: Jeff Pu, CNBC's, TD Cowen, BofA, Gil Luria, D.A, Davidson, Luria, — CNBC's Michael Bloom Organizations: Nvidia, Citi, Haitong, Apple, NVIDIA, Microsoft, Google, AMD, Intel Locations: BofA

☆ Inside the latest drama at Goldman Sachs that reportedly has some partners up in arms
▼ + stars: | 2024-02-22 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

AdvertisementThe drama playing out within the upper ranks of Goldman Sachs is continuing to unfold, and CEO David Solomon's troubles with senior partners don't appear to be over yet. (Garcia's co-head of European investment banking, Anthony Gutman, is also said to have been named to the committee.) Bloomberg reported this week that Beth Hammack — a longtime Goldman partner, co-head of the global financial group, member of the management committee, and former CEO of Goldman Sachs Bank USA — is set to step down. And when Esposito broke the news last month of his imminent departure in a note to partners and clients, he wrote, wistfully, that he planned to "bleed Goldman Sachs forever." Are you a Goldman Sachs or Wall Street insider?

Persons: Goldman Sachs, David Solomon's, who's, Mark Sorrell, Gonzalo Garcia, Joshua Franklin, Arash Massoudi, Kim Posnett, Sorrell —, Sir Martin Sorrell, Stephan Feldgoise, Anthony Gutman, Sorrell, Gutman, Garcia, Goldman, Alison Mass, George Lee, Jim Esposito —, —, Solomon, Adebayo, Beth Hammack —, Esposito, wistfully, Reed Alexander Organizations: Financial, IB, Reading, Goldman, Bloomberg, Goldman Sachs Bank Locations: Miami

☆ It looks like high-income shoppers are becoming increasingly loyal to Walmart
▼ + stars: | 2024-02-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Walmart is cutting prices on essentials like eggs and breadInflation has cooled in recent months after soaring during the pandemic. "Some of this is the result of customer acquisition becoming more modest, and some is because of the continued financial pressure on core Walmart shoppers which is seeing them cut back on non-essential spending," he wrote. Saunders noted that lower levels of inflation would make it harder for Walmart to acquire new customers. "This essentially puts Walmart in the position of having to work far harder and more creatively to generate growth," he wrote.

Persons: Walmart's, —, John David Rainey, Rainey, Neil Saunders, Saunders, Doug McMillon, McMillon, John Furner, Furner Organizations: Walmart, Service, GlobalData, Bureau of Labor Statistics, Shoppers

☆ Middle East escalation fears spike as Houthis launch most damaging attack yet
▼ + stars: | 2024-02-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Houthi military spokesman Yahya Saree claimed the group's responsibility for the attack, calling it their most severe yet. The group claim to support Palestinian civilians amid Israel's retaliatory military campaign in the Gaza Strip. Simultaneously, fighting is raging between Israel and Hamas in the Gaza Strip with no sign of abating despite diplomatic efforts by a number of countries. INTERNATIONAL WATERS RED SEA, YEMEN - NOVEMBER 20: This handout screen grab captured from a video shows Yemen's Houthi fighters' takeover of the Galaxy Leader Cargo in the Red Sea coast off Hudaydah, on November 20, 2023 in the Red Sea, Yemen. EU foreign ministers called in a joint statement for an immediate humanitarian pause that would lead to a lasting cease-fire.

Persons: Mohammed Huwais, Yemen's, Yahya Saree, Saree, Charles Myers, CNBC's, Myers, Hungary —, Israel's, Benjamin Netanyahu, Israel, hasn't, Mohammed Abed Organizations: Hamas, Afp, Getty, U.S . Central Command, Global Advisors, SEA, Galaxy Leader Cargo, Handout, Security, Palestinian Locations: Israel, Sanaa, Gaza, Red, Belize, Gulf, Aden, Iranian, Yemen, U.S, Gulf Aden, Rafah, Gaza's, YEMEN, Red Sea, Lebanon, Iran, Beirut, Hungary

It was clear that the war could significantly damage the Kenyan economy, as the country is almost entirely dependent on imports for its conventional fuel supply. But the extent of the damage caused by Russia's invasion of Ukraine to Kenya's economy is now clearer than ever. Kalya Kiptiony, investment analystFuel is Kenya's economic lifebloodAfter the start of the war, the price of fuel in Kenya rose, on average, 7.6% every month. Although Kenya gets most of its oil from the Gulf, Russia's invasion of Ukraine led to a spike in fuel prices worldwide. In a report late last year, the UN described just how factors like drought, inflation, and fuel and food price rises are combining to undermine livelihoods in Kenya.

Persons: Lensa Omune, Kalya, Kalya Kiptiony Organizations: International Food Policy Research Institute, Central Bank, IMF, UN, Insider Studios, Foreign, Commonwealth & Development Office Locations: Russia, Ukraine, Kenya, Nairobi, East Africa, Africa, Europe

☆ Here are Tuesday's biggest analyst calls: Nvidia, Disney, Walmart, Apple, Arista, Ford, Rivian, Block & more
▼ + stars: | 2024-02-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley initiates Ford as a top pick Morgan Stanley said it's standing by its top pick status on Ford. Morgan Stanley initiates Dynatrace as equal weight Morgan Stanley initiated the software stock with an equal weight and said patience is needed. Morgan Stanley reiterates Disney as overweight Morgan Stanley said Disney's participation in a sports streaming bundle is 'low-risk." Morgan Stanley adds Huntington Bancshares to the financials finest list Morgan Stanley added the regional bank to its financials finest list. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the stock, but that the company will need "substantial funding" to complete its Georgia plant.

Persons: Goldman Sachs, Goldman, ANET, hyperscaler, Morgan Stanley, Ford, it's, Dynatrace, Redburn, Evercore, Susquehanna, Piper Sandler, Trimble, Piper, Riley, Bernstein, Disney, Huntington Bancshares, Huntington, Banks, Stephens, Cantor Fitzgerald, Stratasys, Cantor, Rivian Organizations: Arista Networks, Ford, downgrades, Airlines, UBS, Nvidia, NextEra Energy Partners, Taiwan Semiconductor, Apple, Apple Services, DIS, FOX, Deutsche Bank, Walmart, Citi, GSK, " Bank of America, of America Locations: NVDA's, North America, NAPA, Georgia

☆ The odds of a global recession keep going down
▼ + stars: | 2024-02-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Ned Davis Research said economic indicators suggest the odds of a global downturn are diminishing. "The global economic lull we saw in the second half of 2023 appears to be abating." In a note published Tuesday, they highlighted that economic indicators across manufacturing, supply chains, and equities suggest the odds of a global recession have come down. On a historical basis, it's still below the long-term average of 53.2, but the global composite PMI has a recession threshold of 47.8. "This puts our breadth measure closer to pre-pandemic levels, when global expansions typically saw services breadth at 85% or higher."

Persons: Ned Davis, —, Alejandra Grindal, Patrick Ayers, Goldman Sachs Organizations: Ned Davis Research, Service, PMI, NDR Locations: China, India, East, Japan, Canada

But there's some unexpected good news: The rate of new gonorrhea cases fell for the first time in a decade. Total cases surpassed 207,000 in 2022, the highest count in the United States since 1950, according to data released Tuesday. About 59,000 of the 2022 cases involved the most infectious forms of syphilis. STD testing was disrupted during the COVID-19 pandemic, and officials believe that's the reason the chlamydia rate fell in 2020. “We are encouraged by the magnitude of the decline,” Mermin said, though the gonorrhea rate is still higher now than it was pre-pandemic.

Persons: It's, gonorrhea, Philip Chan, Meghan O’Connell, O'Connell, Jonathan Mermin, ” Mermin Organizations: U.S . Centers for Disease Control, Prevention, CDC, Brown University, Plains Tribal, ’, U.S . Department of Health, Human Services, District of Columbia, CDC’s National Center, HIV, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: United States, U.S, Providence , Rhode Island, Alaska, South Dakota, New Mexico, South, Rapid City , South Dakota

☆ Stocks are the 'asset class of choice' as markets are now used to bad news, strategist says
▼ + stars: | 2024-01-30 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 29, 2024. One is energy prices — will the trouble in the Middle East be a transmission into higher energy prices, or the war in Eastern Europe? Not really, if you look at how energy prices have developed," he told CNBC's "Squawk Box Europe" on Tuesday. watch nowHe added that markets had "gotten used to trouble in geopolitics" over the last five years, so the impact on asset prices of any further bad news would be somewhat limited. Wittmann acknowledged that risk, but remains bullish about broader upside potential in stocks.

Persons: Brendan Mcdermid, Beat Wittmann, Wittmann, CNBC's Organizations: New York Stock Exchange, Porta Advisors, Federal Reserve, Fed Locations: New York City, U.S, Eastern Europe, Covid, Suez, Israel, Ukraine

☆ French Farmers Damage Overseas Goods as Protests Continue
▼ + stars: | 2024-01-25 | by ( Jan. | At A.M. | ) www.usnews.com time to read: 1 min

PARIS (Reuters) - French farmers damaged food products coming in on trucks from outside France, BFM TV reported on Thursday, as their nationwide protests to demand better pay and living conditions showed no signs of abating. BFM TV showed images of what it said was fruit that had come from Spain lying damaged by the side of the A7 motorway in southern France. Many French farmers complain they are being hit by unfair competition from overseas. Another group of farmers set off in a convoy of tractors on Thursday morning on the RN12 major road artery near Paris, as demonstrators maintained their threat of converging on the capital en masse. (Reporting by Sudip Kar-Gupta; Editing by Alex Richardson)

Persons: Sudip Kar, Alex Richardson Organizations: PARIS Locations: France, Spain, Paris, masse

☆ Taking on Trump, Biden Promotes ‘Infrastructure Decade’ in Wisconsin
▼ + stars: | 2024-01-25 | by ( Katie Rogers | ) www.nytimes.com time to read: +1 min

Fears of a recession are abating. The economy is growing. And a corroded bridge in Wisconsin is receiving more funding. The president was there to talk infrastructure and the economy, and to contrast his performance with that of his predecessor and likely general election challenger, former President Donald J. Trump. “The economic growth is stronger than we had during the Trump administration,” Mr. Biden, dressed in a casual pullover sweater, said as he addressed Wisconsinites assembled at Earth Rider Brewery in Superior, Wis. “We obviously have more work to do, but we’re making real progress.”

Persons: Biden, Mr, Donald J, Trump, ” Mr, Wisconsinites, ” Organizations: Trump, Earth Rider Locations: Wisconsin, Lake Superior, Superior, Wis

CNN —A near-total communications blackout in Gaza, the longest of the war, has now lasted one week with no signs of abating, preventing humanitarian and emergency services from operating effectively in the territory. Israel has in the past faced accusations of deliberately severing Gaza’s communications – charges on which it has not commented. The IDF told CNN that it was aware of the allegation, and that the incident was under review. This is where it becomes dangerous.”Al Rozzi, who is executive director of the National Society for Rehabilitation, told CNN that he struggles to get even a trickle of a connection. A senior American official has in the past told CNN that the U.S. applied pressure on Israel to restore connectivity in Gaza when it was severed.

Persons: ” Juliette Touma, “, ”, ” Jamal al Rozzi, Khan Younis, Alp Toker, Netblocks, Oredoo, Israel, Abed Zagou, ” Hisham Mhanna, Al Rozzi, ” al Rozzi, ” Toker Organizations: CNN, UNRWA, UN, IDF, Anadolu Agency, Getty, International Committee, Red, National Society for Rehabilitation, of Health, American Locations: Gaza, Israel, Palestinian Territories, Jerusalem, Rafah

Americans continued to spend heavily as 2023 came to an end, driving retail sales higher by 0.6% in December, fueled by online purchases and spending at bars and restaurants, the Census Bureau reported on Wednesday. Excluding auto sales and gasoline that tend to be volatile month to month, sales rose by 0.6% as well compared to forecasts of a 0.2% increase. “Strong increase of 0.6% with the control group that feeds into the estimate of GDP up a robust 0.8%. Outstanding credit card spending debt surpassed $1 trillion in the third quarter, although debt-to-income levels were below 10% and modest compared to the early 2000s. Behind the shift is a belief that declining inflation and a cut in interest rates will help the economy grow modestly as the year unfolds.

Persons: Joseph Brusuelas, Carl Marks, ”, Howard Meitiner Organizations: Census, RSM, Carl, Carl Marks Advisors, “ Retailers, Mortgage Bankers Association Locations: U.S

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