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Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management, says we're still in the early stages of an economic recovery from 2022's earnings recession and the bear market that followed. Slimmon oversees the US and global long-equity strategies, portfolios that aren't biased toward any one area such as growth or value stocks. And in this environment, value stocks are expected to outperform dramatically, he said. Below is a Morgan Stanley equities chart demonstrating where value stocks trade relative to their fair value. They haven't fully sold off and remain expensive relative to the market, he noted.
Persons: Andrew Slimmon, we're, Slimmon, Morgan, it's Organizations: Morgan Stanley Investment Management, Business, US, Morgan Stanley, Morgan Stanley Investment
My husband and I recently moved to a charming French town outside Paris without visiting it first. Moving abroad has sometimes been a bit uncomfortable, but was the best decision we've ever made. AdvertisementMany times, I feel as though I'm living in a fairytaleWe live down the street from the Château de Saint-Germain-en-Laye. Although the stereotype is that French people are rude, we've had nothing but positive experiences with people here. Agnes GroonwaldOur dog's new favorite place to do her business down the street is an actual palace, the Château de Saint-Germain-en-Laye that's been here for hundreds of years.
Persons: we've, , we'd, Agnes Groonwald, Saint, Agnes Groonwald We've, I'd, It's Organizations: Service, Saint Locations: Paris, France, San Diego, Italy, Bologna, — France, Germain, Saint, Laye
Private-equity firms such as Blackstone are increasingly expanding into private debt. Photo: Jose A. Alvarado Jr. for The Wall Street JournalWall Street’s doom-mongers spent years warning that private lenders would be the next bubble to burst when central banks tightened policy. Instead, the funds are becoming even more ubiquitous as companies scramble to refinance debt in a higher interest-rate environment. The Westport, Conn.-based company operates 450 veterinary clinics and hospitals across the U.S. and has been owned by private-equity giant KKR since 2018. It has been a successful acquisition, but the company is facing a wall of debt maturities that can only be refinanced at higher cost.
Persons: Blackstone, Jose A, Alvarado Jr, mongers Organizations: Wall, Care Centers, The, KKR, Blue Locations: The Westport, Conn
The same man who has relentlessly attacked his political and legal enemies on the campaign trail, in the White House and on social media – often using violent and incendiary rhetoric – is now showing up at the courthouse. But unlike with his campaign rhetoric, Trump has faced consequences in the legal world for his verbal attacks. This week’s court appearances underscored the reality that Trump’s rhetoric will be the same whether he’s outside a courthouse or on the stage of a campaign rally. And he attacked the judge’s clerk as a “disgrace,” even before his social media post about her. And he said he would return to testify as a witness “at the appropriate time.”Trump’s incendiary rhetoric is nothing new.
Persons: Donald Trump, Trump, Letitia James, Judge Arthur Engoron, Engoron, ” Engoron, , Jack Smith –, , ” Trump, James, he’s, , George Floyd, Mark Milley –, “ I’ll Organizations: CNN, White, New York, GOP, Trump, New, White House, Democrat, Republican, Capitol, Joint Chiefs, Locations: Manhattan, New York, Washington, DC, Florida, Georgia, New York City, South Carolina
A misleading comparison of two European weather maps is being touted online as evidence of escalating climate change fearmongering since the COVID pandemic. One map shows Europe coloured in a light green monotone, and icons – like a sun or clouds – hover over major cities. Thank you,” one Facebook user wrote in their caption, suggesting the green map was published prior to the start of the pandemic in 2020 and the other since. For instance, see the latest WeatherOnline map (here ), and the latest Wxchart for Europe (bit.ly/3DorvfH ). Both weather maps, which are from different sources, were published before the pandemic – and the red map was published a year earlier than the green map.
Persons: Read Organizations: Facebook, Reuters, WeatherOnline Ltd Locations: Europe, Reykjavik, Iceland, Madrid, Spain
Former Brazilian President Jair Bolsonaro leaves his home following a search operation, in Brasilia, Brazil May 3, 2023. Far-right former Brazilian President Jair Bolsonaro was barred Friday from running for office again until 2030 after a panel of judges concluded that he abused his power and cast unfounded doubts on the country's electronic voting system. Five judges on the nation's highest electoral court agreed that Bolsonaro used government communication channels to promote his campaign and sowed distrust about the vote. Speaking to reporters in Minas Gerais, Bolsonaro lamented that the trial was unfair and politically motivated. Brazilian law forbids candidates with criminal sentences from running for office.
Persons: Jair Bolsonaro, Bolsonaro, Carlos Melo, Judge Carmen Lucia —, , Alexandre de Moraes, Melo, Fernando Collor de Mello, Luiz Inácio Lula da Silva, Sen, Sergio Moro, Maria Maris, Maris, Lula, Swift jailing, Gleisi Hoffmann, mongers, Donald Trump, Marie Santini, Katia Caminha, Caminha, Bolsonaro's, Thomas Traumann, didn't, Traumann Organizations: Insper University, Liberal Party, Federal, Lula's Workers ' Party, Federal University of Rio, Bolsonaro, Associated Press, Sao Paulo Locations: Brasilia, Brazil, Sao Paulo, Minas Gerais, Rio de Janeiro, Federal University of Rio de Janeiro, Rio de, Copacabana, Sao, decamp, Florida
Elon Musk hosted RFK Jr. in a bizarre Twitter Spaces conversation littered with falsehoods and conspiracy theories. Kennedy compared Musk to patriots who died in the Revolutionary War. "Thank you for your service to our country, Elon," Kennedy said. Musk, who is South African but has American citizenship, bought Twitter last year for $44 billion. He also laid the blame for the massive increase in mass shootings not on guns, but on pharmaceutical companies for marketing antidepressants.
Persons: Elon Musk, Kennedy, Musk, , Robert F, Kennedy Jr, I've, Joe Biden, Ron DeSantis, you'd, weren't, Tulse Gabbard, Balaji Srinivasan, Michael Shellenberger, Gabbard, hadn't, Mike Pompeo, Trump, Biden Organizations: RFK Jr, Service, Democratic, Biden Administration, Twitter, Democratic Party, State Locations: Elon, Russian, Ukraine, America, China, American
Pakistan's embattled Imran Khan faces blackout on local media
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +3 min
The Pakistan Electronic Media Regulatory Authority (PEMRA) asked television licensees to ensure that "hate mongers, rioters, their facilitators and perpetrators" are "completely screened out from media". Khan has long been the most televised politician in Pakistan, with his speeches and gatherings getting wall-to-wall coverage and widespread viewership. The military has not responded to a request for comment on that allegation by Khan. Khan himself was arrested on charges of graft but released two days later after courts deemed the manner of his detention illegal. "We cannot be mentioned on television," said Khan, who now regularly speaks through his party's YouTube channel.
Persons: Imran Khan, Khan, Dissanayake, Gibran Peshimam, Charlotte Greenfield, Alex Richardson Organizations: Reuters, Pakistan Electronic Media Regulatory Authority, YouTube, South, Amnesty International, Thomson Locations: ISLAMABAD, Pakistan
Opinion: A boast that could sink Trump
  + stars: | 2023-05-21 | by ( Richard Galant | ) edition.cnn.com   time to read: +20 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —“I’m the one that got rid of Roe v. Wade,” former President Donald Trump boasted Tuesday on Newsmax. Congress has the power to rein in the court, wrote CNN legal analyst and law professor Steve Vladeck, whose new book “The Shadow Docket” focuses on the Supreme Court. Courtesy Boaz FreundIn 2019, then-President Trump issued an executive order requiring hospitals to post the prices of common medical services and procedures. For some, its celebration of a multiracial but purely fictional British aristocracy may even be a big part of its appeal.”As escapism, “Queen Charlotte” is a success.
Opinion: What happened to Elon Musk?
  + stars: | 2023-05-18 | by ( Opinion Frida Ghitis | ) edition.cnn.com   time to read: +8 min
Appalled, Enes Kanter Freedom, the Turkish-born former NBA player, a fierce critic of Erdogan, told CNN, “I don’t want to hear about Elon Musk talking about free speech ever again. It turns out Musk’s free speech absolutism is less than absolute. Absurdly, he now says, “By ‘free speech,’ I simply mean that which matches the law.” So, if a tyrant makes a law banning criticism, will Musk believe that muzzling its critics conforms with free speech? Beyond his free speech hypocrisy, there’s the vanishing aura of Musk as the thoughtful futurist concerned about humanity’s fate. Soros, Musk wrote – to almost 140 million Twitter followers – “wants to erode the very fabric of civilization.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA Friday like this is rumor mongers' delight, says UBS' Art CashinArthur Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss Friday market movement, regulatory concerns in the banking sector, and agitating factors in the market.
China and the Population Bomb That Wasn’t
  + stars: | 2023-01-24 | by ( William Mcgurn | ) www.wsj.com   time to read: +1 min
Doubleday once published a book with a title—“Too Many Asians”—that would never fly today. Author John Robbins argued that “if humanity is to have a future,” the West would have to see to it that fewer Asians were born in the years ahead. Robbins was but one voice in a chorus of think tanks, government aid organizations, international development specialists, environmentalists, zero-growthers, doom mongers and do-gooders who all saw population control as the cure for poverty. China’s recent announcement that its population fell by 850,000 last year, the first recorded drop since the Mao-induced famines of the early 1960s, provoked much comment on the social and economic challenges decline brings. Yet conspicuously absent was any recognition that the whole idea that Chinese moms having children threatened the country’s prosperity was, much like Marxism itself, a noxious Western import.
Are There ‘Too Many Asians’?
  + stars: | 2023-01-24 | by ( William Mcgurn | ) www.wsj.com   time to read: +1 min
Doubleday once published a book with a title—“Too Many Asians”—that would never fly today. Author John Robbins argued that “if humanity is to have a future,” the West would have to see to it that fewer Asians were born in the years ahead. Robbins was but one voice in a chorus of think tanks, government aid organizations, international development specialists, environmentalists, zero-growthers, doom mongers and do-gooders who all saw population control as the cure for poverty. China’s recent announcement that its population fell by 850,000 last year, the first recorded drop since the Mao-induced famines of the early 1960s, provoked much comment on the social and economic challenges decline brings. Yet conspicuously absent was any recognition that the whole idea that Chinese moms having children threatened the country’s prosperity was, much like Marxism itself, a noxious Western import.
Brazil police raid governor's house over capital riots
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +3 min
The raid targeted Rocha's house and workplaces, police said. Rocha was not on site during the raid, which was followed by lawyers from his defense team. This raid it is unnecessary and fruitless," his lawyer Cleber Lopes said, adding that the governor had no connection to the violence. The operation drew criticism from lawyers, as Rocha was head of the Brazilian Bar Association before he became governor. It included 24 warrants covering five states and the capital Brasilia, it said in a statement.
[1/2] Security forces operate as supporters of Brazil's former President Jair Bolsonaro demonstrate against President Luiz Inacio Lula da Silva, outside Brazil’s National Congress in Brasilia, Brazil, January 8, 2023. The battalion of troops assigned to guard the presidential palace did not respond either until rioters had entered and trashed the palace, according to a Reuters witness. Four on-duty staffers from the National Security Adviser's office (GSI) were quickly overwhelmed inside the presidential palace and their office ransacked. Presidential Chief of Staff Rui Costa said the government now faces the challenge of undertaking a "decontamination" of the security forces and holding those responsible accountable. "This excessive participation of the military and military police in politics is progressively leading to ideological contamination of the forces," Costa said.
Supreme Court Justice Alexandre de Moraes also ordered social media platforms Facebook, Twitter and TikTok to block coup-mongering propaganda. Tens of thousands of anti-democratic demonstrators on Sunday invaded the Supreme Court, Congress and the presidential palace and smashed windows, overturned furniture, destroyed art works and stole the country's original 1988 Constitution. The assault raised questions among Lula's allies about how public security forces in the capital were so unprepared and easily overwhelmed by rioters who had announced their plans days ahead on social media. Bolsonaro faces legal risks from several investigations before the Supreme Court in Brazil and his future in the United States, where he traveled on a visa issued only to sitting presidents, is in question. "The United States should not be a refuge for this authoritarian who has inspired domestic terrorism in Brazil.
Huaman is one of Peru's "forgotten" people, marginalized, rural groups Castillo tried to represent - often falling short - whose anger has been fired up by his arrest, threatening to derail a fragile new government and a reviled Congress. Many of the protesters - some Castillo supporters and others simply angry - said they felt ignored by political leaders. The military says protesters, most in Peru's Andean south, have used homemade weapons and explosives. A political rookie, he had won support with pledges to reform the constitution, redistribute huge copper riches and empower marginalized indigenous groups. Outside the Lima jail, Katherine Asto had come to support Castillo wearing a white hat with a slogan making her feelings clear: "Shut down Congress, it's a nest of rats".
He had heard about trading stocks from a friend and began to take up an interest in it. Kellogg began to notice the stock market trending negatively in November and December. On September 7, Kellogg attempted to buy the dip on Globalstar, Inc. (GSAT) after the stock's price spiked to $3 intraday. Eventually, it was followed by a four-day bounce back before the stock market continued trending lower. He normally reviews headlines to see why a stock's price may be moving upwards.
GOP Insider readers: Dump Trump!
  + stars: | 2022-11-11 | by ( Kayla Gallagher | ) www.businessinsider.com   time to read: +26 min
Insider asked its Republican readers to send in their thoughts on Donald Trump following the GOP's dismal midterm performance. Subscribers to Insider's newsletter were asked two questions: Do you agree with the GOP insiders who blame Trump? Andrew Lichtenstein/Corbis via Getty Image— Joe S.I don't blame Trump per se. Olivier Douliery/AFP via Getty Images— Julia T.I think Trump, DeSantis AND the GOP are EXTREMELY dangerous for our Democracy. The Republican Party needs to get away from the extremists in the party or the Republican Party will no longer exist.
Elon Musk and Ye are among multiple notable figures embracing a misguided notion of free speech. And it's likely to get worse amid a growing, misguided movement for free speech. Twitter CEO Elon Musk, Ye (previously known as Kanye West), and the basketball star Kyrie Irving have become strange bedfellows in a growing fight for so-called free speech. Americans are on the precipice of accepting hate speech as free speech, and nobody is stepping up to say, "This is wrong." Speaking out on social media against unbound free speech, or withholding your business from a company, sends a message to executive board rooms.
In their new book, journalists, Peter Baker and Susan Glasser go behind the scenes of the Trump White House. As the 2020 election results came in, Jared Kushner and Ivanka Trump had already moved on, the book says. They had their own future to think about, one that would no longer involve the White House. While still in the White House, he began writing a memoir focused on Middle East peacemaking. "We either have a vote WE control and WEwin OR it gets kicked to Congress 6 January 2021," Don Jr. wrote.
Discussions about renewing shows can be "contentious" between creative execs and data analysts. "When you want to buy a project, they will do an analysis and do a budget ballpark on it," one former Netflix exec told Insider. Compared to similar teams at traditional production companies and Hollywood studios and networks, Netflix's CS&A execs have more of a front-row seat in creative discussions, insiders said. At legacy studios, deciding whether or not to greenlight a show or acquire a film is "much more of a gut instinct," said a second former Netflix exec. That can be particularly useful when assessing whether to acquire certain IP, said a third former Netflix exec.
Utah County Attorney David O. Leavitt speaks on July 31, 2019, in Provo. The accusations were part of a new case from Utah County Sheriff Mike Smith. Discussion about satanism and satanic abuse has increased in recent years, according to data provided to NBC News by Zignal Labs, which analyzes social media conversations. Popular culture and social media have also ferried ideas about satanism and widespread child abuse from fringe to the mainstream. (Anti-LGBTQ politicians and activists have equated LGBTQ people with predators who abuse children as part of a “gay agenda,” the well-worn panic that the gay rights movement’s true motivation is recruitment.
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