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☆ Stock market today: Dow drops 570 points to end worst month of 2024 as traders brace for Fed decision
▼ + stars: | 2024-04-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stocks dropped sharply as investors readjusted rate cut expectations ahead of the latest FOMC meeting. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks plunged on Tuesday as investors got another dose of inflationary data ahead of the Federal Reserve's next policy decision. For the Fed, that adds even more restraint on its ability to cut interest rates this year, and futures markets now expect only one rate cut in December. AdvertisementThe equity decline that followed only deepened April's market losses, making it the first month of 2024 to end in the red.

Persons: Stocks, —, Bill Adams, Brent Organizations: Service, Federal, of Labor Statistics, Comerica Bank Locations: McDonald's, Israel, Here's

☆ Healthcare deals are picking up as VCs finally reopen their wallets. Here's what they are betting on.
▼ + stars: | 2024-03-14 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

Investors aren't anticipating healthcare funding to surge to anything resembling 2021 levels this year, and fewer deals could mean shutdowns for many companies running low on cash. Multiple healthcare startups have announced raises this year at Series B and beyond. Investors said there's now a higher bar for which startups get venture funding compared to 2021, however. Exits and shutdowns aheadWhile a number of biotech startups have jumped into the public markets already this year, the IPO window for healthcare startups has remained firmly shut. Still, many investors are optimistic that a few healthcare startups will test the waters later this year.

Persons: Anargha Vardhana, There's, they're, Christina Farr, haven't, Richard Drury, Scott Barclay, Shiv Rao, Vardhana, there's, Farr, Sara Choi, Ritankar Das, Supriya Jain, Jain, Barclay Organizations: Business, Insight Partners, Investors, Entrepreneurs, Wing Venture Capital, Boston Consulting Locations: orthopedics

☆ Australian Open: Jannik Sinner rallies from two sets down to win men’s final against Daniil Medvedev, his first grand slam title
▼ + stars: | 2024-01-28 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Jannik Sinner overcame a two-set deficit to defeat Russia’s Daniil Medvedev 3-6 3-6 6-4 6-4 6-3 in a thrilling five-set final and claim the men’s Australian Open title on Sunday, becoming the first Italian man to win a grand slam since 1976. The 22-year-old’s remarkable comeback capped off a special tournament for Sinner, one in which he had defeated world No. 1 Novak Djokovic in the semifinals on route to his first-ever grand slam final and ended with his maiden major title. For Medvedev, it was a cruel echo of the 2022 Australian Open final he lost to Rafael Nadal when he had once again let a two-set lead slip. Following his defeat against Sinner, the 27-year-old made some unwanted history by becoming the first player in the Open Era to lose multiple grand slam finals in such fashion.

Persons: CNN —, Russia’s Daniil Medvedev, Novak Djokovic, Medvedev, Sinner, readjusted, Rafael Nadal Organizations: CNN Locations: Russian

☆ Some Student Loan Borrowers May Be Eligible for Forgiveness Sooner
▼ + stars: | 2024-01-12 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Federal student loan borrowers who initially took out smaller loan amounts may be eligible for debt cancellation sooner than they anticipated. The SAVE plan, which reduces payments for millions of borrowers, opened for enrollment last August. But some of its benefits, like the shortened path to forgiveness, were not set to take effect until July 2024. SAVE cuts that term by half for people who initially borrowed $12,000 or less and reduces the repayment timeline for those who originally borrowed $21,000 or less. For example, if someone originally borrowed $13,000 in loans, any remaining balance would be forgiven after 11 years of payments.

Organizations: Biden, Education

Workers at Ford voted 69.3% in favor of the pact, which passed with nearly a 15,000-vote margin in balloting that ended early Saturday. Earlier this week, GM workers narrowly approved a similar contract. They also agreed in principle to bring new electric-vehicle battery plants into the national union contract. This provision will give the UAW an opportunity to unionize the EV battery plants plants, which will represent a rising share of industry jobs in the years ahead. Contracts with the auto companies should also lead to higher wages at auto-parts supply companies and in other industries, Wheaton said.

Persons: Shawn Fain, Fain, ”, Wheaton, United States —, Hyundai —, Mark McGill, ” McGill, he'll, Ford, John Lawler, Michelle Krebs, Krebs, Joe Biden, Cornell's Wheaton, Biden, didn't Organizations: DETROIT, United Auto Workers, Ford, General Motors, Workers, UAW, Cornell University, United States — Honda, Toyota, Hyundai, Tesla, Foreign, GM, Chrysler, Bronco, Cox Automotive, Cox Locations: Stellantis, United States, Wheaton, Wayne , Michigan, U.S, Detroit, Belvidere , Illinois, Scranton , Pennsylvania

☆ Why the housing market sucks for both buyers and sellers
▼ + stars: | 2023-10-17 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Buyers and sellers alike complain of a market that only gets worse the longer they wait. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe slowed-down market could have impacts across the economy, forcing some potential buyers to continue renting and influencing some potential sellers to stay put. The bank remained hopeful for a turnaround but warned of more turbulence for buyers and sellers brave enough to face the market. AdvertisementAdvertisementSellers are also forced to wait and for decreasing offersMeanwhile, sellers are left waiting as well.

Persons: —, Chen Zhao, Redfin, Lawrence Talej, Yonatan Hochstein, they've, We've, Desiree Edgington, She's, Edgington, Zoe Rosenberg Organizations: Service, Wall Street, National Association of Realtors, Bank of America Locations: Richmond , Virginia, New Jersey, Kansas, zrosenberg@insider.com

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ A notorious market bear who called the 2000 and 2008 crashes says stocks face the same 3 negative conditions they did in November 2021— and warns the 25% drop that followed will prove to be a 'small o
▼ + stars: | 2023-07-29 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman warns that valuations, investor sentiment, and market technicals are poor right now. A recipe for stock market disasterOn valuations, Hussman likes to compare total market cap of non-financial stocks to total revenue of non-financial stocks. His criteria for technical overextension include an S&P 500 14-day relative strength index above 70, at least a 4% rate-of-change for the S&P 500 in the last 14-day period, and the S&P 500 at least 4.5% above its 50-day average. The chart below shows advances and declines for the S&P 500 in the 40 trading sessions after these criteria have been met. Piper SandlerOutside of technicals, however, macroeconomic fundamentals will likely be a main driver of market returns in the months ahead.

Persons: John Hussman, Hussman, John Hussman —, —, there's, he's, they've, Michael Kantrowitz, Piper Sandler Organizations: Street, Reserve Locations: technicals

☆ Patrol dogs are terrorizing and mauling prisoners inside the United States
▼ + stars: | 2023-07-23 | by ( Hannah Beckler | ) www.businessinsider.com time to read: +64 min

But prison patrol dogs aren't deployed for chases; they are used inside the prison walls. Tri-State Canines training facility, Warren, OhioVirginia Department of Corrections patrol dogs are typically Belgian Malinois, Czech shepherds, or German shepherds. Department patrol dogs are trained to bite once and hold to minimize flesh tears and lacerations. Patrol dog kennels, Virginia Department of CorrectionsThe patrol dog kennels are even smaller, at 6 feet by 10. A veterinary technician who treated patrol dogs at a clinic in Lebanon, Virginia, said she was told not to touch the patrol dogs in her care without their handler present.

Persons: Santos Cardona, Michael Smith, Smith, Marco, crouch, Mohammed Bollendia, protectively, Ashraf Abdullah Ahsy, Ivan L, Frederick II, Cardona, Abu, John Ketzer, Ketzer, Michael J, Donald Rumsfeld, Rumsfeld, Abu Ghraib, Lane McCotter, Gary DeLand, Terry Bartlett, Richard Billings, Larry DuBois, John Armstrong, Terry Stewart, Charles Ryan, Ryan, Stewart, Adrian Duran, cradled, Duran he'd, Duran, Blackie, growled, he'd, It's, extractions, they're, Jerko, Jeremy Defour, Bert, Antwon Whitten, Virginia, Peter C, Meade, —, Oikeutta eläimille, Dave Blosser, Blosser, Eli Hiller, he's, Matthew Johnson, Oscar, Johnson, Oscar growled, Boris, Cajos, Linwood Mathias, Lucas Pruitt, Mathias, Xavia Goodwyn, sicced Lojzo, Edris, Michael Watson, Watson, Thomas Rose, Rose, Goodwyn, Red, Rick White, Ron Angelone, Wallens, Tyler Parry, Charlton Yingling, Parry, Eugene, Bull, Connor, Bill Hudson, Yingling, Solomon Northup, Solomon, Walter Gadsden, Malcolm X, Michael Brown, Ferguson, They're, Jeffery, White, Curtis Garrett, Garrett, Kathleen Dennehy, Dennehy, Aaron Fedor, Jimmy Stanley, Dora Schriro, Schriro, Omar, Dionisio Paulino, Paulino, Robert Silva, Adrian Duran's, Adrian Duran Duran, Adrian, unwound, Sussex II, Whitten, Western District of Virginia Jeremy Defour, Defour, Kenneth Licklider, Chris Robbins, Rivan, she'd, They've, Stephen McReynolds, McReynolds, Daniel Clinton, Tom, Clinton, basketballs, Clinton's, Fuga, Jamie Elliott, Elliott, Duran couldn't, Bodhi, Jamie, Jawan Lee, Lee, Lee's Organizations: US, Business, Associated Press, Department of, Rights, Department, Justice, Department of Justice, Virginia Department of Corrections Police, Human Rights Watch, Virginia Department of Corrections, University of Virginia School of Law, Sussex II, Police, Kern Medical, Arizona Department of Corrections, Rehabilitation, The Indiana Department of Correction, Delaware Department of Correction, South, New Jersey Department of Corrections, Tri, Warren , Ohio Virginia Department of Corrections, State Canine Services, Court, Western District of, Red, View Regional, Onion, North Correctional Center, Corrections, Goodwyn, FBI, Ku Klux Klan, Human Rights, University of Nevada, University of Louisville, AP, Breeders, Ferguson Police Department, Souza, Baranowski, Commonwealth, Baranowski Correctional, Prentice, Black, United States, District, Massachusetts, Housing, Virginia Commonwealth University Health, Virginia, Housing Unit, Patrol, Southwest, Southwest Virginia Veterinary Services Locations: Abu Ghraib, Iraq, Belgian, Baghdad, Abu, United States, New Mexico, Utah, DeLand, Billings, Bartlett, Arizona, DuBois, Massachusetts, Armstrong, Connecticut, Arizona , Connecticut, Delaware , Indiana , Iowa , Massachusetts , New Jersey, Virginia, Alexandria , Virginia, Los Angeles, backyards, Sussex, lunging, Indiana, Richmond , Virginia, Iowa, Augusta, Ridge, New Jersey, South Woods, Warren ,, Czech, Europe, , Virginia, Western District, Western District of Virginia, Warren , Ohio, Holland, Tri, Canton , Ohio, Wallens, Onion, Red Onion, View, Norton , Virginia, Portsmouth , Virginia, Kentucky, Birmingham , Alabama, Las Vegas, Americas, Caribbean, American, Ferguson , Missouri, Lancaster , Massachusetts, Richmond, Lebanon , Virginia, Southwest Virginia, Lebanon, Waverly , Virginia, chihuahua

☆ Jim Cramer: I used Apple's new Vision Pro headset — here's what it was like
▼ + stars: | 2023-07-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I saw a soccer match on the Vision Pro and I ducked when a ball came right at me. I would have had better seats with the Vision Pro, if Apple can work out that deal with NBA commissioner Adam Silver. Apple's new Vision Pro virtual reality headset is displayed during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. I saw a soccer match on the Vision Pro and I ducked when a ball came right at me. I would have had better seats with the Vision Pro, if Apple can work out that deal with NBA commissioner Adam Silver.

Persons: Taylor Swift's, Adam Silver, Apple, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Apple, Hollywood, Apple Watch, Vision, New York Knicks, NFL, CNBC, Apple's Worldwide, AFP, Getty Locations: Iceland, Cupertino , California

☆ Joby receives FAA nod to begin flight testing of electric air taxi
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] Joby Aviation founder JoeBen Bevirt poses next to a Joby Aviation Air Taxi ahead of their listing at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 11, 2021. REUTERS/Andrew Kelly/File PhotoJune 28 (Reuters) - Joby Aviation (JOBY.N) said on Wednesday the U.S. aviation regulator has given the nod for flight testing of its electric air taxi, taking it a step closer to securing approvals for commercial operations. Joby said the Federal Aviation Administration (FAA) had granted a Special Airworthiness Certificate, which allows flight testing of its first production prototype without passengers. Rival Archer received the green signal for flight testing in 2021. Joby's aircraft will be delivered to Edwards Air Force Base after completing initial testing, the company said.

Persons: JoeBen Bevirt, Andrew Kelly, Tetsuo Ogawa, Joby, Archer, Germany's, Aishwarya Nair, Krishna Chandra Eluri Organizations: Joby Aviation, Joby Aviation Air Taxi, New York Stock Exchange, REUTERS, U.S, Toyota North, Toyota, Archer Aviation, Vertical Aerospace, Federal Aviation Administration, FAA, Aerospace, Edwards Air Force Base, U.S . Air Force, Thomson Locations: Manhattan , New York City, U.S, California, Joby's, Bengaluru

☆ Israeli institutional tech investment down 40% in 2022 - report
▼ + stars: | 2023-06-12 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

Over the second half of last year, just 16 investments were made by Israeli institutional investors - four of those being early stage seed deals. But institutional investors have not been a big part of its success, with most investment coming from venture capital funds. Led by mostly foreign VCs, Israeli tech firms raised some $15 billion in 2022. Nimrod Vromen, chief executive of Consiglieri, said that institutions last year had more inclination for early stage investments. "Israeli institutional investors’ experience in early stage investments, combined with the Israeli government’s commitment to supporting the startup ecosystem amidst political legislative turbulence, signals potential for future investment growth," he said.

Persons: Arnon Segev, Yoav Sherman, Nimrod Vromen, Vromen, Steven Scheer, Ed Osmond Organizations: Israel Innovation Authority, Israel Venture Capital, Thomson

☆ UK jobless rate rises, potentially easing Bank of England inflation worries
▼ + stars: | 2023-05-16 | by ( ) www.cnbc.com time to read: +2 min

Investors are questioning the health of the commercial real estate sector following a string of recent banking crises. Britain's unemployment rate unexpectedly rose to 3.9% in the three months to March as more people sought to get back into the jobs market, potentially easing concerns at the Bank of England about inflation pressures. Economists polled by Reuters had expected the rate to hold at 3.8%. However, pay growth - which is at the heart of the BoE's debate about whether to raise interest rates further - remained strong by historical standards. Annual pay growth including bonuses held at 5.8%, as expected in the Reuters poll.

☆ UK jobless rate rises, potentially easing BoE inflation worries
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 16 (Reuters) - Britain's unemployment rate unexpectedly rose to 3.9% in the three months to March as more people sought to get back into the jobs market, potentially easing concerns at the Bank of England about inflation pressures. Economists polled by Reuters had expected the rate to hold at 3.8%. However, pay growth - which is at the heart of the BoE's debate about whether to raise interest rates further - remained strong by historical standards. Annual pay growth including bonuses held at 5.8%, as expected in the Reuters poll. However, the number of people not working due to long-term sickness rose to a new record, Morgan said.

☆ Bank stocks remain out of favor. Here's why we're sticking with our 2
▼ + stars: | 2023-04-04 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

Wells Fargo is a multiyear turnaround story, encompassing cost-cutting strategies to please investors and improvements to risk-management operations to satisfy both regulators and investors. Both stocks were firmly in the red Tuesday, with Wells Fargo sinking below $37 per share and Morgan Stanley below $85 per share. In the short run, that decreases the likelihood that shares of Wells Fargo and Morgan Stanley will rip higher. That's especially true for Wells Fargo, knowing that CEO Charlie Scharf can execute additional restructurings to reduce expenses. The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters

☆ 'Big Short' Michael Burry admits he was 'wrong to say sell' after the Nasdaq 100 entered a bull market
▼ + stars: | 2023-03-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Michael Burry tweeted Thursday he was "wrong to say sell" on January 31. Nasdaq 100 entered a bull market on Wednesday after gaining 20% from its December 28 closing low. But Burry walked that statement back, tweeting Thursday that he "was wrong to say sell." Burry's about-turn came after the tech-focused Nasdaq 100 entered a technical bull market for the first time in nearly three years on Wednesday, after the index closed 20% higher from a December 28 low. The Nasdaq 100 index closed 0.9% higher at 12,963.14 on Thursday.

☆ Taiwan says China's involvement in Honduras is obvious
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, March 23 (Reuters) - Taiwan sees China's involvement in Honduras' decision to seek to end relations with the island as very obvious and the situation does not look good with Honduras demanding a "high price", the island's foreign minister said on Thursday. Honduras denied on Wednesday it had demanded $2.5 billion in aid from Taiwan before its announcement to seek to open relations with China, instead saying the country had repeatedly requested Taiwan buy Honduran public debt. read moreSpeaking to reporters at parliament, Taiwan Foreign Minister Joseph Wu said the situation with Honduras was "not very good". Honduras Foreign Minister Eduardo Enrique Reina said last week Honduras' decision was partly because the Central American country was "up to its neck" in financial challenges and debt - including $600 million it owes Taiwan. Wu, answering a lawmaker question, said Honduras did not just owe Taiwan money.

☆ Power cuts, war, and hybrid cars are predicted to cause a platinum price surge in 2023
▼ + stars: | 2023-03-15 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +4 min

South Africa typically accounts for more than 70% of the world's platinum mining supply, according to UBS, but the process has been restricted by the country's deepening power crisis. There will be some recovery in the recycled platinum supply in 2023, but the amount will remain below pre-pandemic levels, the WPIC estimates. Global automotive demand for platinum is expected to increase by 10% in 2023 to 3.246 million ounces, according to the WPIC. Jewelry is "probably the area of greatest uncertainty" when it comes to platinum demand, Sterck told CNBC, but it is a relatively small component in the picture. Industrial demand for platinum will increase by 12% year-on-year in 2023, according to the WPIC, with platinum usage in the glass and medical industries, in particular, expected to increase.

☆ Take Five: A macro-packed punch for markets
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +5 min

1/ THE PRICE IS RIGHTU.S. inflation data have been pivot points for markets and Tuesday's report will likely be consequential as investors gauge whether the Federal Reserve will return to the jumbo-sized rate hikes that shook markets last year. The European Central Bank has raised rates by 3 percentage points since July to 2.5% and looks set for another half-point increase on Thursday. Austria's central bank chief Robert Holzmann wants half-point rises at each of the next four meetings. Riskier, more fragile emerging markets, especially those with twin deficits, could feel the heaviest punch if the Fed goes all the way to 6%. Emerging markets countries hiking (+) or cutting (-) their policy ratesCompiled by Amanda Cooper; Graphics by Pasit Kongkunakornkul, Kripa Jayaram and Vincent Flasseur; Edited by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

We are selling 650 shares of Coterra Energy (CTRA) at roughly $23.80 apiece, and 75 shares of Pioneer Natural Resources (PXD) at roughly $209.10 apiece. The Club is trimming oil-and-gas holdings Pioneer and Coterra on Friday, while downgrading both of their ratings to a 2 — meaning we'll be on the sidelines until a further pullback. But we will always take action if we have a concern about any of our stocks. Most oil stocks with a fixed-plus-variable dividend generated yields for shareholders well above 8% last year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ A 24-year-old stock trader who gained $280,000 in August and over $8 million in 2 years shares 6 key adjustments he made to continue being profitable in 2022's bear-market rallies
▼ + stars: | 2022-11-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

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.

Easing Covid measures means accepting a rise in cases that is likely to get worse as winter approaches. Residents buy medications at a pharmacy in Shijiazhuang, China, last week. “There will always be complaints.”Though many people in China still support “zero-Covid,” the strict measures have also stoked growing resentment. China is thus now facing a dual challenge, said Donald Low, a professor at the Hong Kong University of Science and Technology. “You’re going to see the Hong Kong story played out on a much larger scale” in mainland China, Low said.

☆ Mobileye pops more than 30% in market debut after spinning out of Intel
▼ + stars: | 2022-10-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Mobileye shares popped more than 30% in their stock market debut on Wednesday after the maker of technology for self-driving cars was spun out of Intel . In a year that's seen no significant tech IPOs in the U.S., Mobileye offers investors an opportunity to get in on area of growth. At its IPO price of $21, Mobileye was valued at just $17 billion, resulting in minimal gains for Intel thus far. Intel will retain control of Mobileye and hold over 750 million shares of Class B stock, which has 10 times the voting power of Class A stock. Intel shares were down slightly on Wednesday and have lost about 47% of their value this year, while the Nasdaq is down 29%.

☆ European markets head for lower open as investors monitor recession risks
▼ + stars: | 2022-10-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lower open on Monday as investors survey the deteriorating economic outlook. The negative open in Europe comes amid increasingly pessimistic global sentiment. Shares in the Asia-Pacific fell on Monday as recession fears weighed on investor sentiment and expectations rise that there will be a continuation of tightening monetary policies around the world. In the United States, stock futures traded higher early on Monday as investors awaited big earnings reports to roll in from Bank of America on the same day, while Goldman Sachs will release numbers Tuesday morning. Last week, a hotter-than-expected inflation reading stoked wild price swings in the markets as investors readjusted their expectations for the U.S. Federal Reserve's forthcoming rate hikes.

☆ Barclays and UBS see more pain ahead for stocks. Here's why
▼ + stars: | 2022-10-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Despite 2022's steep losses and extreme volatility in stocks, UBS and Barclays are still not calling the bottom. The S & P 500 just came off its fourth negative week in five with a 1.6% loss last week. The S & P 500 is down about 22% on the year, and the equity benchmark hit a new 2022 low last week amid wild price swings. The S & P 500 is now trading around 15.5 times forward earnings, closer to Barclays' fair value estimate of 14 times, the firm said. Barclays said its mostly likely scenario for the S & P 500 is to end 2022 at 3,200, which is about 12% below where the benchmark traded on Monday.

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