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☆ Even wealthy Los Angeles residents are moving to (slightly) cheaper cities and mansions out of state
▼ + stars: | 2024-01-15 | by ( Dan Latu | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Many wealthy buyers say they were driven out by a so-called mansion tax in Los Angeles, among other tax-related issues. Los Angeles topped Redfin's list of US metropolitan areas that homeowners are most looking to leave, based on their user data of home searches. Wealthier Americans — those making more than $200,000 per year — are moving out of high-cost cities like New York and Los Angeles, according to personal finance site SmartAsset. San Diego real-estate agent Jennifer Janzen says she's recently had Los Angeles clients head south to trade up in style. Another client of Janzen's was a young family who grew tired of the city life in Los Angeles.

Persons: —, Gus Lira, Lira, Lira's, Summerlin, she's, Jennifer Janzen, Janzen, Sotheby's, grâce, Jade Mills, Rob Desantis, Mary Fitzgerald Organizations: Service, Getty, Hollywood, Las, Golden, LA, Bloomberg, Los, Netflix Locations: Los Angeles, Malibu, California, Orange County, Las Vegas, Nevada, Vegas, Red, Vegas from California, Seattle, Florida , Texas, Tennessee, New York, Diego, Angeles, Rancho Santa Fe, San Diego, LA, Santa Fe, Manhattan

☆ Cramer says 'innovation and self-help' allow stocks to resist the pull of the bond market
▼ + stars: | 2023-11-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

To Cramer, stocks able to do well in these uncertain conditions have strong innovation and effective cost-saving measures. "Innovation and self-help are what allows stocks to buck the pull of the bond market," he said. He said Meta and Alphabet are effectively using AI to bolster ad sales, which are higher than many traditional media channels. He also said Apple 's products are "special" enough to withstand pressures from the bond market. Cramer then highlighted Disney , which he said is managing a powerful turnaround despite bond market stress.

Persons: CNBC's Jim Cramer, Jerome Powell's, Cramer, could've, Jay Powell's, Powell Organizations: Microsoft, Nvidia, Apple, Disney

☆ Here's how the stock market can build on its best week of the year
▼ + stars: | 2023-11-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

These two points blunted anything that Federal Reserve Chairman Jerome Powell had to say and that was all it took to have the best week in the stock market of the year. He's the union president, which contributes to investor ennui given how unions have produced minus signs in the stock market wherever they prey. But yields looked to break out the wrong way for the stock market for certain. We didn't realize that yields could be peaking: 6% was beckoning on the long end of the bond market yield curve. All I can tell you is that the Apple selling last Friday morning was relentless from 4 a.m.

Persons: Jerome Powell, it's, Joe Biden doesn't, Gina Raimondo –, –, Raimondo, Biden, hasn't, ennui, Stanley Druckenmiller, Tim Cook, Luca Maestri, Apple, that's, halcyon, Cramer, Elon, Mary Dillon, haven't, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Treasury, Federal, Twitter, Mutual, Apple, Phillies, Huawei, Nvidia, Trust, CNBC, Jim Cramer's Charitable, NYSE Locations: Israeli, Gaza, China

☆ Dinosaur-killing asteroid impact fouled Earth's atmosphere with dust
▼ + stars: | 2023-10-30 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

The total amount of dust, they calculated, was about 2,000 gigatonnes - exceeding 11 times the weight of Mt. While prior research highlighted two other factors - sulfur released after the impact and soot from the wildfires - this study indicated dust played a larger role than previously known. "It was cold and dark for years," Vrije Universiteit Brussel planetary scientist and study co-author Philippe Claeys said. "While the sulfur stayed about eight to nine years, soot and silicate dust resided in the atmosphere for about 15 years after the impact. "Without the impact, my guess is that mammals - including us - had little chance to become the dominant organisms on this planet."

Persons: grâce, Cem Berk Senel, Philippe Claeys, Özgür Karatekin, Karatekin, Claeys, Will Dunham, Rosalba O'Brien Organizations: Royal Observatory of, Vrije Universiteit Brussel, Nature, Dinos, Thomson Locations: North Dakota, WASHINGTON, Yucatan, Everest, Dakota, Royal Observatory of Belgium, Vrije, Belgium

☆ Morning Bid: Oil spike delivers coup de grace to dire Q3
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +5 min

A nighttime view of the Torrance Refinery, an oil refinery operated by PBF Energy, in Torrance, California, U.S., March 10, 2022. The U.S. Treasury completes more than $130 billion of new debt sales this week with another 7-year note auction later on Thursday. But even though the euro bounced back from 2023 lows today, there was better news on the inflation front from Europe. As China's markets headed for the Golden Week holidays next week, stocks there were in the red too - with Hong Kong's Hang Seng (.HSI) hitting its lowest for the year so far. * U.S. Treasury auctions 7-year notes, 4-week bills* U.S. corporate earnings: Nike, Accenture, CarmaxReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsEditing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Bing Guan, Mike Dolan, Jerome Powell, it's, Lisa Cook, Austan Goolsbee, Thomas Barkin, Emelia Sithole Organizations: Torrance Refinery, PBF Energy, REUTERS, Federal, U.S, Treasury, U.S . Treasury, Micron Technology, Nvidia, Kansas, Fed, Chicago Fed, Richmond Fed, Nike, Accenture, Carmax Reuters Graphics Reuters, Reuters, Thomson Locations: Torrance, Torrance , California, U.S, Washington, United States, Europe

☆ Spain reaches Women's World Cup final for the first time with a stunning win over Sweden
▼ + stars: | 2023-08-14 | by ( Aimee Lewis | ) edition.cnn.com time to read: +5 min

CNN —Spain created more history at the Women’s World Cup, shocking favorite Sweden to reach the final for the first time thanks to a dramatic 2-1 win in Auckland, New Zealand. Competing at just its third World Cup, Spain is now within a game of winning the sport’s biggest prize having never before progressed beyond the round of 16. Sweden may have had the pedigree – only the US has appeared in more World Cup semifinals – but Spain had the creativity and the stardust. “To the final!” Spain’s Prime Minister, Pedro Sánchez, wrote on X, formerly known as Twitter, while Spain’s men’s World Cup winner Andrés Iniesta called the players “giants.”Hollywood actor Antonio Banderas wrote on social media: “Bravo!!! With the opening goal, Paralluelo – who had scored the extra-time winner against the Netherlands in the quarterfinals – became the second-youngest player to score in a Women’s World Cup semifinal and also sparked a dull contest into life.

Persons: Salma Paralluelo, Rebecka, Olga Carmona, Paralluelo, we’ve, “ We’ve, La Roja, Hagen Hopkins, “, Pedro Sánchez, Spain’s, Andrés Iniesta, Antonio Banderas, Phil Walter, Jorge Vilda, Vilda, Ballon d’Or, Alexia Putellas, Putellas, Carmona, Aitana Bonmati, wasn’t, Alba, Fridolina Rolfö, Cata Coll, Paralluelo –, –, Blomqvist’s, de grâce Organizations: CNN, La, Sweden, Getty, Twitter, Spanish, Alba Redondo Locations: Spain, Sweden, Auckland , New Zealand, Australia, England, Sunday’s, Netherlands

☆ Australia crush Canada 4-0 to reach World Cup knockouts
▼ + stars: | 2023-07-31 | by ( Ian Ransom | ) www.reuters.com time to read: +3 min

MELBOURNE, July 31 (Reuters) - Hayley Raso scored a first half brace and Mary Fowler struck after the break as Australia crushed Canada 4-0 on Monday to storm into the last 16 of the Women's World Cup and send the Olympic champions spinning out of the tournament. Australia topped Group B on six points, one ahead of Nigeria, who also advanced after a 0-0 draw against Ireland. They almost made it 2-0 minutes later, but Raso's shot was well saved by goalkeeper Kailen Sheridan. It scarcely mattered as five minutes later, Raso was celebrating her second strike after Sheridan failed to clear the ball from a set-piece. But another Australian raid minutes later ended with Fowler slotting in a cross from Caitlin Foord to blow out the lead.

Persons: Hayley Raso, Mary Fowler, Raso, Sam Kerr, Fowler, Steph Catley, Kerr, Canada's talismanic, Christine Sinclair, Bev Priestman, Kailen Sheridan, Sheridan, Sophie Schmidt, Caitlin Foord, Jessie Fleming clattered, Katrina Gorry, Ian Ransom, Christian Radnedge Organizations: MELBOURNE, Olympic, Melbourne, Australia, Ireland, Raso, Thomson Locations: Australia, Canada, Denmark, Nigeria, Melbourne

[1/6] French police secure the area as firefighters work after several buildings on fire following a gas explosion in the fifth arrondissement of Paris, France, June 21, 2023. REUTERS/Gonzalo FuentesPARIS, June 21 (Reuters) - A blast ripped through a street in the busy Latin Quarter of central Paris, causing the facade of one building to collapse, blowing out windows and starting a huge blaze. The local deputy mayor, Edouard Civel, referred to a gas explosion in a Twitter post and witnesses told BFM TV there had been a strong smell of gas moments before the blast. The blast occurred in the Rue Saint-Jacques in the 5th arrondissement of central Paris. In 2019, a gas leak caused an explosion which killed 4 people and injured 66 in the 9th arrondissement.

Persons: Gonzalo Fuentes PARIS, Edouard Civel, BFM, Khal Ilsey, Jacques, Val de Grace, Monique Mosser, Michel Rose, Sudip Kar, Tassilo Hummel, Juliette Jabkhiro, Elizabeth Pineau, Jean, Michel Belot, Angus MacSwan Organizations: REUTERS, Rue Saint, Notre, Dame, Paris, Sorbonne University, du, Thomson Locations: Paris, France, Rue, du Luxembourg

☆ UBS' dramatic takeover of Credit Suisse was the deal neither bank wanted. Here's some of the passive-aggressive digs from both sides.
▼ + stars: | 2023-03-20 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

UBS acquired Credit Suisse in a rescue takeover over the weekend. But Credit Suisse didn't want to be rescued, and UBS didn't want to have to be the rescuer. For example, the first official word of the deal came from the Swiss National Bank, which announced: "UBS today announced the takeover of Credit Suisse." Next, Credit Suisse announced: "Credit Suisse and UBS to Merge." In 2019, after UBS announced Khan's hire, the chief operating officer at Credit Suisse ordered a colleague to spy on him.

☆ Wondering what the hell just happened at SVB? Here's everything you need to know
▼ + stars: | 2023-03-10 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Silicon Valley Bank, a once-trusted banker to startups, was closed down by regulators on Friday. SVB became the latest casualty of a bank run as VCs and founders rushed to protect their funds. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. The bank had already been experiencing headwinds from "continued higher interest rates, pressured public and private markets, and elevated cash burn," Greg Becker, the CEO of Silicon Valley Bank, wrote to investors on Wednesday. As part of the closure, Federal Deposit Insurance Corporation, the agency that helps insure customers' bank funds, has now taken control of SVB.

Feb 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. A wave of selling is likely to crash over Asian markets on Monday following a sobering end to the week on Wall Street, as the reality of 'higher for longer' U.S. interest rates finally dawns on investors. The implied peak Fed rate is approaching 5.50% - does anyone still think 6% is the stuff of fantasy? One consequence of the market's Fed rethink is the sharp rise in bond yields and the dollar. Many Asian currencies are being pushed back toward their recent lows, boosting inflationary pressures across the region and making dollar-denominated debt servicing more expensive.

☆ Pablo Escobar was gunned down 29 years ago today — here are 3 theories about who took the Medellin kingpin's life
▼ + stars: | 2022-12-02 | by ( Christopher Woody | ) www.businessinsider.com time to read: +10 min

By 1993, Colombian authorities, the US government, and rival criminals were all after Pablo Escobar. "Perseguidos por Pablo Escobar," or People Persecuted by Pablo Escobar — known as Los Pepes — was made up of rival drug traffickers, paramilitaries, and others scorned by the Medellín cartel boss. His son, Juan Pablo Escobar Henao, who has changed his name to Sebastián Marroquín, has insisted that his father took his own life on that Medellín rooftop. "I have no doubt" that Pablo Escobar planned his own death, Marroquín said in a 2014 interview. The question of who killed Pablo Escobar is likely to go unresolved, probably by design.

☆ Iran deliver sucker punch to Wales with stoppage-time winners
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +4 min

After Wales keeper Wayne Hennessey was sent off in the 87th minute, Iran produced a remarkable finale, with Roozbeh Cheshmi driving home to give them the lead before Ramin Rezaeian added another in the 11th minute of stoppage time. As the clock ticked into stoppage time, Wales would have been forgiven for thinking they had survived, but Cheshmi had other ideas. That strike rocked Wales to the core and left them open for the coup de grace elegantly delivered by Rezaeian. Taremi cut in from the left and played the ball to Rezaeian in acres of space on the right. He bore down on Wales' substitute keeper Danny Ward before lifting the ball nonchalantly over him into the back of the net.

☆ Spain approves mortgage support for more than 1 mln households
▼ + stars: | 2022-11-22 | by ( Jesús Aguado | ) www.reuters.com time to read: +3 min

In Spain, around three-quarters of the population are homeowners, with most opting for floating-rate mortgages which are exposed to interest rate rises. Other countries, such as Hungary, Portugal, Poland and Greece, have approved different forms of mortgage support. Spain's banks will provide mortgage support for vulnerable families earning less than 25,200 euros ($25,815) per year through an amended industry-wide code of good practice. They will be able to restructure mortgages at a lower interest rate during a five-year grace period. Measures will also make it cheaper for families to switch from variable to fixed rate mortgage contracts.

☆ Retail investors are about to throw in the towel and finally sell if Apple and Tesla stumble, Vanda Research says
▼ + stars: | 2022-09-29 | by ( ) www.businessinsider.com time to read: +3 min

Retail investors are on the verge of throwing in the towel and selling stocks if Apple and Tesla tumble, according to Vanda Research. "A positioning puke in these two stocks could be the coup de grace for retail investors' PnL," Vanda Research said. The firm estimates that combined, Apple and Tesla account for 34% of the average retail investors' stock portfolio. That concentration has actually helped retail investors performance, as both Apple and Tesla have outperformed the S&P 500 considerably year-to-date and over the past year. "A positioning puke in these two stocks could be the coup de grace for retail investors' PnL," Vanda said.

☆ Retail investors have bailed on most stocks except for these two 'last bastions'
▼ + stars: | 2022-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The two stocks alone make up an estimated 34% of the average retail investor's holdings, he said. "A positioning puke in these two stocks could be the coup de grace for retail investors' PnL," Iachini, referring to an acronym used to describe an investor's profit-and-loss statement. He said Korean retail investors, who account for about 2% of Apple's retail holdings, selling off the news would likely mean forced liquidations. Why retail capitulation matters A new index from Vanda gauging retail capitulation, meaning the act of giving up on the market, has shown sentiment and hard money data has continued sliding. "This goes to show that retail investors' flows have been pivotal in cushioning the equity sell-off, in our view," he said.

☆ Dumbrăveanu: Primele loturi de vaccin anti-COVID-19 ar putea ajunge în Moldova la finele lunii ianuarie
▼ + stars: | 2020-12-24 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Primele loturi de vaccin anti-COVID-19 ar putea ajunge în Republica Moldova la finele lunii ianuarie. Potrivit ministrului în exerciţiu al Sănătăţii, Viorica Dumbrăveanu, la prima etapă se preconizează vaccinarea a 20% din populaţie. Oficialul nu a precizat ce fel de vaccin va fi livrat ţării noastre. Viorica Dumbrăveanu a spus însă că acesta nu va fi vaccinul Pfizer. Viorica Dumbrăveanu a menţionat că autorităţile moldovene au solicitat vaccinul încă în vară.

Persons: Viorica Dumbrăveanu Organizations: RM, Banca Mondială Locations: Republica Moldova, Dumbrăveanu

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