DIRS.INFO The most relevant business & tech news

☆ History says this market downturn is just getting started. A veteran strategy chief shares 18 stocks to buy to hedge against risk and gain upside during the recovery.
▼ + stars: | 2024-04-28 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

There have been 13 other market selloffs during the second year of a bull market since 1946, Belski noted. AdvertisementFollowing its 2021 pullback, the S&P 500 finished the second year of its bull market up 22.6% and 11.5% higher than its nadir. Valuations are still historically high, and mega-cap growth companies continue to make up a disproportionately large share of the S&P 500. Since Belski thinks this bull market has legs, he doesn't want to forgo future upside. These firms have higher earnings growth than the median S&P 500 name and also have lower price-to-earnings (P/E) and P/E-to-growth (PEG) ratios — a recipe for success.

Persons: —, pales, Keith Lerner, Truist, Lerner, who've, Brian Belski, he's, Belski, selloffs Organizations: Service, Business, BMO Capital Markets, selloffs

☆ The stock market is primed for a short-term bounce, but correction still not over
▼ + stars: | 2024-04-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The stock market is poised for a short-term bounce, but technical analysts who watch price charts warn that the correction is not yet over. The technician said he anticipates support for stocks — the point at which buyers will reemerge — between 4,700-4,800 in the S & P 500. .SPX YTD mountain S & P 500 To be sure, some observers anticipate a more durable stock market rally, rather than a mere bounce. He anticipates that the S & P 500 could find support down at 4,800 and may not find a true bottom for several weeks. But he anticipates that the selloff will take longer to play out, with a pullback bringing the S & P 500 back to 4,700.

Persons: JC O'Hara, Roth MKM, O'Hara, Tom Lee, Lee, CNBC's, Oppenheimer's Ari Wald, Wald, we've, BTIG's Jonathan Krinsky, Krinsky, Wolfe's Rob Ginsberg Organizations: Stocks, Federal Reserve

☆ As hush money trial begins, Trump hits the trail in North Carolina
▼ + stars: | 2024-04-20 | by ( Steve Contorno | ) edition.cnn.com time to read: +5 min

Appearing in Greensboro, North Carolina ahead of the state’s primary last month, Trump remarked on his legal peril at length. Nikki Haley managed to win support from 23% of Republican primary voters in North Carolina, with many in Trump’s party saying they could not overlook the vast legal challenges he faces. “Polling shows the American people see right through the Stalinist tactics employed by Crooked Joe and his allies,” Trump campaign spokeswoman Karoline Leavitt told CNN in a statement. Without cameras inside the courtroom, Trump has also challenged the narratives that have emerged from those watching the proceedings. I’m supposed to be in North Carolina, South Carolina.

Persons: Donald Trump, Trump, Michael Cohen, baselessly, ”, ” Trump, Nikki Haley, Joe Biden, don’t, Crooked Joe, Karoline Leavitt, Judge Juan Merchan, “ I’m, I’m, I’ve, Joe Biden’s, Trump’s, ” Leavitt Organizations: CNN, Trump, Manhattan, Attorney’s Office, Department of Justice, South Carolina Gov, Republican, GOP Locations: Manhattan, North Carolina, Wilmington, Charlotte, New York, York, Greensboro , North Carolina, New Hampshire, Georgia, South Carolina

☆ Earnings playbook: Your guide to trading the biggest reports of the week, including Netflix and Goldman Sachs
▼ + stars: | 2024-04-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +8 min

What history shows: Goldman Sachs beats earnings estimates 85% of the time, according to Bespoke Investment Group. What CNBC is watching: Bank of America shares have struggled lately, losing 5.6% this month as investors reprice rate cut expectations. Morgan Stanley is set to report earnings before the open. United Airlines is set to report earnings after the close. Thursday Netflix is set to report earnings after the close.

Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Goldman, Devin Ryan, Morgan, Ryan, UNH, UnitedHealth, LSEG, UAL, Leslie Josephs, Oppenheimer, Jason Helfstein, Procter & Gamble, Dara Mohsenian, Procter Organizations: Bank of America, Netflix, JPMorgan, CNBC, JMP Securities, Investment, Tuesday Bank of America, UBS, BofA, Dow Jones Industrial, Street, United Airlines, Boeing, Max, Federal Aviation Administration, San Francisco, United, Procter & Locations: Charlotte, San, U.S, China

☆ Biden’s manufacturing industry is expanding, but that could be bad for inflation
▼ + stars: | 2024-04-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

But a resurgence in the industry could complicate the Federal Reserve’s ongoing inflation fight, either delaying the first interest rate cut or resulting in fewer cuts this year, some economists say. Interest rates have been at a two-decade high since July, after the Fed raised rates aggressively over the prior year and a half. The economy picking up further strength would spook Wall Street because of what it means for interest rates — and some manufacturers say they’re optimistic about the future. The Bank of Canada announces its latest interest rate decision. China’s National Bureau of Statistics releases March inflation data.

Persons: Joe Biden, ”, Tom Barkin, “, Mary Daly, ” Daly, Jerome Powell, Neel Kashkari, ” Kashkari, ” Richard de Chazal, Blair, they’re “, Amazon’s, It’s, Ramishah Maruf, Amazon, haven’t, Read Organizations: Washington CNN, Institute for Supply Management, Congress, Fed, ” Richmond Fed, ” San Francisco Fed, Minneapolis, Dow, Blair Equity Research, Amazon, Fresh, Delta Air Lines, US Labor Department, Index, Bank of Canada, Federal Reserve, National Bureau of Statistics, Constellation Brands, European Central Bank, JPMorgan Chase, Citigroup, State, National Statistics, The University of Michigan Locations: Richmond , Virginia, ” San, Las Vegas, India, Wells Fargo, Progressive, BlackRock

It's Taylor Swift's world, and she just allows us to live in it. “Midnights” earned Swift her fourth career Grammy for album of the year on Sunday, an achievement no one can match. It breaks a tie with Frank Sinatra, Paul Simon and Stevie Wonder, who each won the honor three times. Swift was the last example of an action-packed show where women earned the biggest honors and had the majority of the most memorable performances. There was a brief pause before SZA accepted an award for best R&B song, since she was changing backstage.

Persons: It's Taylor, Midnights ”, Swift, Frank Sinatra, Paul Simon, Stevie Wonder, ”, Miley Cyrus, Billie Eilish's, “ Barbie, Finneas O'Connell, Singer, Victoria Monét, Julien Baker, Phoebe Bridgers, Lucy Dacus, didn't, —, Tracy Chapman, Luke Combs, Combs, She's, MILEY, Cyrus, “, ” JAY, Jay, ” Jay, Beyoncé, ” JONI'S, Joni Mitchell's, Brandi Carlile, Mitchell, Chapman, Tony Bennett, Bennett, Bennett's, ” Annie Lennox, Sinead O'Connor, Prince's accompanists, Barrino, Mary ”, Tina Turner, Billy Joel's, capper, SZA, ” Monét, Lizzo, She, I'm, TREVOR, Trevor Noah, Noah, That's, Lionel Richie, Lionel Wealthy, Jo Koy Organizations: CBS, Dre, “, Las Vegas, Universal, Golden Globes

☆ Charles and Kate are out of hospital but the royal family is stretched thin
▼ + stars: | 2024-02-02 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +5 min

Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. London CNN —As King Charles III waved to well-wishers outside the hospital and Queen Camilla stood by his side, both smiled broadly at the cheering crowds. But with three of the most senior members of the family sidelined, a difficult reality has been laid bare: The family is incredibly stretched. King Charles, Queen Camilla and the Wales family wave from the Buckingham Palace balcony after attending the King's birthday parade in London last June. Adrian Dennis/AFP/Getty Images“We have a much smaller royal family going into 2024 - much fewer royals to do the engagements because we have an aging King,” CNN historian Kate Williams says.

Persons: King Charles III, Queen Camilla, Catherine, Princess, Wales, Charles, Kate, Chris Jackson, Prince William, ”, King Charles , Queen Camilla, Princess Anne, Prince Andrew, Duke, Duchess, Duchess of Gloucester, Duchess of Kent, Prince Harry, Meghan, Andrew, Jeffrey Epstein, Charles ’, Adrian Dennis, Kate Williams, Edward, Sophie, Anne, William, Camilla, Beatrice, Eugenie, Queen Elizabeth II Organizations: CNN’s Royal, London CNN, London Clinic, Getty, ” CNN Locations: London, Wales, Buckingham, Kensington, Windsor, Edinburgh, AFP, ”

☆ Seeking nominations for innovative music marketers using social media to boost artists and songs
▼ + stars: | 2024-01-10 | by ( Dan Whateley | ) www.businessinsider.com time to read: +2 min

Business Insider is compiling a list of innovative music marketers that focus on social media. We want recommendations for individuals using apps like TikTok and Snapchat to promote music. Established artists and legacy tracks can also reemerge into the mainstream if they end up going viral on social media. AdvertisementBusiness Insider has reported on the myriad ways that social media and music are now connected. In 2024, we're looking to highlight music marketers who have done innovative work across social media in the past year.

Persons: —, influencers Organizations: Service, YouTube, We're

☆ Here are Tuesday's biggest analyst calls: Netflix, Apple, IBM, Coinbase, Nike, Domino's, Meta, Charles Schwab and more
▼ + stars: | 2023-12-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Goldman Sachs reiterates Nike as buy After a transfer of analyst coverage, Goldman Sachs said it sees improving growth for Nike shares. UBS downgrades United Rentals to neutral from buy UBS said in its downgrade of the equipment rental company that it sees a more balanced risk/reward. UBS reiterates Apple as neutral UBS said its analysis of Apple's App Store shows revenue increasing. UBS reiterates Netflix as buy UBS said it's standing by its buy rating on Netflix shares after hosting the company at a conference. William Blair reiterates Charles Schwab as outperform William Blair named Schwab a top pick for 2024, noting it's well-positioned.

Persons: Raymond James, Piper Sandler downgrades Albemarle, Piper Sandler, it's, Goldman Sachs, Roth, Roth MKM, TD Cowen, Bernstein, Mizuho downgrades Prologis, Wells, Wells Fargo, Oppenheimer, Domino's, Elliott, Morgan Stanley, Meta, Needham, Coinbase, JPMorgan, Raymond James downgrades Lululemon, LULU, Strong, William Blair, Charles Schwab, Schwab Organizations: Crescent Energy, Energy Company, Eagle Ford, UW, Nike, Bank of America, UBS, Credit Suisse, Yale, HY, United Rentals, Apple, Semiconductors, JPMorgan, IBM, Consulting, Mizuho, Marriott, of America, Netflix, Management, Integra, Financial, ISI, Disney, BR, Cargo Therapeutics, Citi, Travere Therapeutics Locations: Houston, Uinta, Eagle, LTHM, 2024E, 2025E, Argentina, Boston, China, Mexican

☆ Opinion: Expelling Santos wouldn’t solve the problem
▼ + stars: | 2023-11-16 | by ( Julian Zelizer | ) edition.cnn.com time to read: +7 min

The report details “substantial evidence” that one of the nation’s most famous liars had violated federal laws. It only adds to the long list of news stories that have uncovered how much of what Santos told voters was not true. Today, the odds became pretty good that enough Republicans might join Democrats in voting to expel Santos. Like Trump, Santos is a symptom, not the cause of what has been happening to the Republican Party. Eliminating him from the caucus will not solve the problem at the core of the party.

Persons: Julian Zelizer, George Santos, Santos ’, ” Santos, Donald Trump, Santos, Republicans can’t, “, ”, Anthony D’Esposito, George Santos ’, —, Trump, Marjorie Taylor Greene, Jon Lovitz’s, Tommy Flanagan —, Lovitz Organizations: CNN, Princeton University, The New York Times, America, House, Republican Rep, Department of Justice, Long Island Republicans, Democrats, GOP, Republicans, Trump, , New, , New York Republicans, Guinness, World Records, Republican Party, Marjorie Taylor Greene of, CBS, Fox News Locations: George Santos of New York, ,, , New York, People’s, Marjorie Taylor Greene of Georgia

☆ 'The hard part is over': Here's what Goldman Sachs sees in the year ahead as markets and the economy return to pre-2008 conditions
▼ + stars: | 2023-11-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Goldman Sachs said the economy and investing landscape is returning to a pre-2008 environment. Conditions are normalizing as the end of ultra low rates ends andNEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In a note to clients this week titled, "The Hard Part Is Over," Goldman strategists led by Jan Hatzius highlighted that economies around the world have outperformed even optimistic expectations through 2023. Despite their relative optimism, Goldman strategists said they see "higher-than-normal risks" for 2024. Goldman Sachs says its probability-weighted fed funds forecast is below its modal baseline forecast Goldman SachsThere are also downside risks around growth, the bank said.

Persons: Goldman Sachs, —, Goldman, Jan Hatzius, Hatzius, Charles Schwab, Goldman Sachs Goldman Sachs, disinflation Organizations: Service, Goldman, Federal Reserve Locations: Europe

☆ ESG investing is dying on Wall Street. Here’s why
▼ + stars: | 2023-10-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —The market for environmental, social and corporate governance, or ESG, investing is fundamentally broken. “ESG investing … entering the final quarter of 2023 continues to be a story of declining flows and assets under management,” said Robert Jenkins, head of global research at Lipper. Before the Bell spoke with Jenkins about the future of ESG investing in the US and globally. What trends did you see regarding ESG investing last quarter? Before the pandemic, we had kind of a nice, natural looking growth line to ESG products.

Persons: “, ”, Robert Jenkins, Jenkins, he’ll, it’s, Bell, ESG, I’ve, we’ve, Elliott Gotkine, Jeffrey Sonnenfeld, Satya Nadella, ” Sundar Pichai, Sonnenfeld, , Susan, ” Susan, ” Richard Griffiths, Citigate Dewe Rogerson, Shawn Fain, “ We’ve, Chris Isidore, Vanessa Yurkevich Organizations: CNN Business, Bell, New York CNN, CNN, Lipper, Netflix, Yale School of Management, ”, Microsoft, Google, ” Disney, Reuters, Tottenham Hotspur Football Club, Eclipse, “, London, United Auto Workers, ’ United Auto Workers, GM, UAW Locations: New York, Ukraine, Israel, America, United States, United Kingdom, Gaza

Hawaiian Electric, the state’s primary electric utility company, has acknowledged its power lines started a wildfire on Maui that morning. One caller said cars were being routed into a gated parking lot and were forced to turn around. A third caller told dispatchers they needed to open a road on the south side of town, warning that the blocked exit would result in people dying. One dispatcher told a caller stuck in traffic that emergency workers were busy “because Lahaina has a couple of house fires going on right now.”“If you’re safe, you need to stay there,” she said. Associated Press writers Lisa Baumann in Seattle; Chris Keller in Albuquerque, New Mexico; and Claire Rush in Portland, Oregon, contributed.

Persons: ”, “, “ It’s, Alana Pico, Hale, cinders, we’ve, ‘, We’re, Mahina Martin, ” Martin, ” ____ Lauer, Johnson, Lisa Baumann, Chris Keller, Claire Rush Organizations: Associated Press, Electric, Hawaiian Electric, Flames, Maui Police Department, AP, Lahaina Civic Locations: LAHAINA, Hawaii, Maui, Lahaina, Philadelphia, Seattle, Boone, Boise , Idaho, Albuquerque , New Mexico, Portland , Oregon

☆ Her son was an accused cult leader. She says he was a victim, too.
▼ + stars: | 2023-09-23 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +16 min

The man talking on the tape was her son, Michael Protzman. Michael Protzman got swept up in this alternate reality. We spoke to dozens of Americans whose lives and families have been affected by conspiracy theories, including Protzman’s own family. After Michael Protzman died this summer, some of his followers refused to believe he had passed. Vigrass never imagined that the conspiracy theories her brother was airing at the kitchen table could lead to him to join what she views as a cult.

Persons: CNN’s, O’Sullivan, Anderson Cooper, CNN —, “ John John, … Trump, Joe Kennedy, George Patton, Mussolini … ” Colleen Protzman, Michael Protzman, ”, “, John F, Kennedy Jr, Donald Trump, Kennedy, Junior —, “ He’ll, Trump, Jesus Christ, reemerge, opportunists, Protzman, Michael Brian Protzman, Michael “, Colleen Protzman, Michael, it’s, Sandy, ” Colleen Protzman, —, QAnon, Barack Obama, Rachel Maddow, Donie O'Sullivan, Michal Protzman, didn’t, JFK, Erica Vigrass, Jason, Erica, ‘ I’m, ’ ” Protzman’s, – Protzman, Erica Vigrass ’, Vigrass, ” Protzman, Jason –, They’re, Jesselyn Cook, It’s, Diane Benscoter, General, ” Benscoter Organizations: JFK, CNN, Dealey, Junior, Junior — JFK, WFAA, JFK Jr, Trump, Kennedys, Democratic Party, Michael Protzman CNN, Dallas CNN, Dealey Plaza, Dallas, Capitol, Facebook, Twitter, Hollywood, Unification Church, US Locations: United States, Dallas, JFK, Minnesota, Seattle, Washington, Dealey, –

☆ Sen. Bob Menendez allegedly had a stash of gold bars. That’s become a trend
▼ + stars: | 2023-09-22 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —Sen. Bob Menendez, allegedly accepted gold bar bribes, prosecutors allege, according to a newly unsealed federal indictment. The value of a kilogram of gold hit a one-year-record high of nearly $66,000 in May, according to data Goldprice.org. If you can invest in gold, why do people want to physically own it? That’s because if, for instance, you invest in a gold ETF, “it’s still tied to the market,” he said. Other people who prefer to keep gold under their own roof store it in a gun safe or floor safe, he added.

Persons: New York CNN — Sen, Bob Menendez, It’s, Menendez didn’t, Jonathan Rose, ” Rose, Rose, Fitch, ”, it’s Organizations: New, New York CNN, Genesis Gold, Western Alliance, CNN, World Gold Council, IRS Locations: New York, “, Beverly Hills , California

Colombian-born Kugler, whose research has focused on labor markets, is the first Latina to join the Fed Board in its 109-year history. The vote was 53-45, with a few Republicans supporting a nomination that was championed by Democratic Senator Bob Menendez. The Senate on Wednesday also confirmed Fed Governor Philip Jefferson as Fed vice chair and Fed Governor Lisa Cook to a second term. Jefferson's success as vice chair will hinge on his ability to help Powell manage that process. Reporting by Ann Saphir; Editing by Paul Simao and Timothy GardnerOur Standards: The Thomson Reuters Trust Principles.

Persons: Adriana Kugler, Jonathan Ernst, Kugler, Bob Menendez, Menendez, Philip Jefferson, Lisa Cook, Cook, Jerome Powell, Powell, Michael Feroli, Jefferson, she'll, Derek Tang, Tang, Ann Saphir, Paul Simao, Timothy Gardner Organizations: Federal Reserve, of Governors, Capitol, REUTERS, U.S, Senate, Bank, Fed Board, Democratic, Wednesday, Jefferson, JPMorgan, Fed, Thomson Locations: Washington , U.S, Cuban, United States, U.S

Seoul, South Korea CNN —North Korean leader Kim Jong Un has fired his top general amid a shakeup of the country’s military leadership and wants his army to “gird for a war,” state media reported Thursday. North Korean leader Kim Jong Un leads a meeting of the Central Military Commission in Pyongyang, North Korea, on Wednesday. KCNA/Handout/ReutersNorth Korea regularly revamps its military leadership. 2 job in the North Korean military hierarchy as recently as December 31 – reflected that, analysts said. Easley said the North Korean leader may simply be trying to ensure that no one below him becomes too powerful.

Persons: Kim Jong Un, “, Pak Su Il, Ri Yong Gil, ”, KCNA, Ri –, Yong Gil, Leif, Eric Easley, Cheong Seong, Kim Jong, ” Cheong, Easley, Yevgeny Prigozhin, Vladimir Putin’s, ” Easley, Kim Organizations: South Korea CNN — North, General Staff, Korean Central News Agency, Central Military Commission, Reuters, North, Ewha Womans University, Sejong Institute, Wagner, DPRK, Democratic People’s Locations: Seoul, South Korea, Pyongyang, North Korea, Reuters North Korea, Russian, Korean, United States, Democratic People’s Republic, Korea

☆ In 7 Great Cities, 7 Great Walks
▼ + stars: | 2023-06-19 | by ( Christine Chitnis | The New York Times | ) www.nytimes.com time to read: +32 min

Urban Walks In 7 Great Cities, 7 Great Walks The pleasures of strolling through an urban landscape are manifest. Credit... Joann Pai for The New York Times Its organically styled bouquets feel as though they’ve been freshly picked from the garden. Credit... Joann Pai for The New York Times Image Astier de Villatte specializes in antiques and tableware. Three quarters of a mile into the walk, you’ll be standing atop the first of three mountains, the 1,100-foot-high Inwangsan. Credit... Petrina Tinslay for The New York Times Few cities are so abundant with forest-like parks, coastal walks and beaches as Sydney, which is best explored on foot.

Persons: Joann Pai, Sandra Sigman, ”, Sigman, de Mars, you’ll, Dominique, Boulangerie Laurent B, Bellechasse, Germain, Bac, Pierre Hermé, monsieur, Le, Rue de Babylone, Sèvres, Rue de l’Abbaye, de Furstemberg, Furstemberg, they’ve, Tournon —, Villatte, Queen Marie de ’, Palazzo Pitti, Fna, Imane, —, Rue Riad Zeitoun, Rue Djane Ben Chegra, Rue Laarassi, darija, Rue Sidi Boulabada, Rue Bab Ahmad, Rue Bin Lafnadek, Michael Park, it’s, Earl Grey scones, Hadid, Petrina, It’s, Strickland, Carlos Drummond de Andrade, Ian Cheibub, Ayrton Senna, touristy, Clarice Lispector, altinha, Tom Jobim, toting Tom Jobim, Osório, Rua Vinícius de Moraes Organizations: Shops, Jardin de, The New York, Rue Saint, Mars, ., The New York Times, des Invalides, Saint, Blvd . Saint, Rue de, Rue du, Rue de Rennes, de, Compagnie Française, Français, du, Palazzo, Credit, Rue Riad, des, Rue Bahia Bab, Moors, Jewish, Rue, Rue Sidi, Tachenbacht, Rue Bin, Wall ., Korean, South Korean, Milk, Nielsen, New, Opera, Milk Beach, Gibsons, Reserve, South, Heritage, Hornby, Fort, Francisco, Rua Locations: Cities, Paris, Seoul, Marrakesh, Jardin, Jardin de Luxembourg, Rue, Esplanade des Invalides, Blvd, Raspail, bac, Rue de Bac, Bac, Rue de Babylone, Seine, Astier, Français ., du Luxembourg, Italian, Florence, medina, Moroccan, Central Park, Jemaa, ., El, unburied, El Badi, Spain, Marrakesh ., darija —, Marrakesh enfolds, Morocco, Naksan Park, Gyeongbokgung, Scoff, Inwangsan, Seongbuk district, Dongdamun, Sydney, Hermitage, Bayview Hill, Vaucluse, Watsons, Queens Beach, . Credit, Bayview, Fort Denison, Sydney Harbour’s, Milk, Camp Cove . Credit, Parsley Bay, Hopetoun, Palmerston, Moreton, Camp Cove Beach, Mosman, Balgowlah, Manly, Bay, Watsons Bay, de Janeiro, Copacabana, Rio de Janeiro, Brazilian, Ipanema, Rio, Beach . Credit, Italy, Copacabana Beach . Credit, de, Leme, Fort Copacabana, Arpoador, Vero, Polis Sucos, Polis

The reshoring trend is bringing manufacturing back into the U.S., putting the need for robots and automation at the forefront of the building boom. But with a tight labor market, companies are incorporating more automation and robotics into these brand new factories. Another robotics company Daryanani picked was Azenta . Sakraida said it could see upside as it gradually exposes itself more to the reshoring trend. It's working toward becoming a pure-play automation company," Sakraida said.

Persons: Jonathan Sakraida, reshoring, Carol Schleif, BMO's, Amit Daryanani, Daryanani, chipmakers, Morgan Stanley, industrials, Jonathan Coleman, Janus Henderson, Sakraida, Chris Snyder, Rockwell, — CNBC's Michael Bloom Organizations: UBS, Labor, BMO Family, HP, Janus Henderson Investors, Lincoln Electric, Rockwell Automation, ROK, Emerson Electric, Emerson Locations: U.S

Fundstrat Global Advisors' head of research, Tom Lee, thinks earnings and valuations will reemerge as a top priority in coming weeks with much of the debt ceiling overhang lifted. "That's going to also be valuation and valuation is really anchored or constrained by what the Fed's doing, and the Fed is fighting inflation," he added. President Joe Biden and House Speaker Kevin McCarthy reached a deal over the weekend to raise the debt ceiling. Lee added that cooling inflation and prospects of a Federal Reserve rate hike pause also present further opportunity for investors. Conversely, Lee said he is avoiding sectors such as utilities, consumer staples and many health-care names that have become expensive in recent months.

Two of the Fed's 12 regional bank presidents resigned as a result of that scandal and Powell launched a fast overhaul of the central bank's ethics rules as criticism mounted. Senator Elizabeth Warren, a longtime Powell opponent, saying she had lost confidence as well in San Francisco Fed President Mary Daly, whose bank was responsible for supervising SVB. Still, turbulence in financial markets and the banking system is likely to feature prominently in Powell's post-meeting news conference, which is scheduled to begin at 2:30 p.m. EDT (1830 GMT). The U.S. central bank will release its policy statement and new economic projections from Fed officials at 2 p.m. EDT. Market expectations are tilted heavily towards the Fed approving another quarter-of-a-percentage-point rate increase, which would lift its benchmark overnight interest rate - the federal funds rate - to the 4.75%-5.00% range.

☆ As the Fed meets on Wednesday after bank runs, a market analyst shares 4 key questions investors desperately need answered — and his prediction for how stocks will react
▼ + stars: | 2023-03-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Investors should pay attention to whether the Fed sees the bank collapses as deflationary. The fallout from Silicon Valley Bank and Credit Suisse crises could result in a credit crunch. The Federal Deposit Insurance Corporation (FDIC) has officially added Signature Bank and Silicon Valley Bank to the failed bank list after swooping in to save depositors. There's a growing view that the fallout from the Silicon Valley Bank and Credit Suisse crises could result in a credit crunch and create a deflationary environment. The bank expects rate hikes to resume in May, June, and July at 25 bp each for a fed's fund rate of 5.25 to 5.5%.

☆ How a family's struggle to help their son gave rise to controversial $400 million psychedelics giant Compass Pathways
▼ + stars: | 2023-02-15 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +18 min

Today, Compass Pathways, the for-profit company they launched in 2016, is a Nasdaq-listed firm worth about $400 million. Compass Pathways Show lessIt could also boost the dozens of psychedelics companies inspired by Compass that have been formed in recent years. Insider spoke with more than a dozen industry participants to chart the rise of Compass Pathways and its role in the psychedelics boom. He recalled the 2018 Quartz article that detailed the growing alarm around Compass Pathways' "magic mushroom monopoly." Were it not for his decision to take a break from college, and his parents' efforts to find a treatment, Compass Pathways might not exist.

☆ Turkey and Greece have a centuries-long feud that has come close to war. But when earthquakes hit, they still come to each other's aid.
▼ + stars: | 2023-02-10 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Greece and Turkey have decades of animosity, repeatedly moving towards the brink of war. Turkey is currently dealing with the aftermath of a devastating earthquake, and Greece is helping. Last December Greece's foreign ministry said that Turkey was making "repeated threats of war," as Turkey responded angrily to what it said was Greece militarizing the Aegean islands. Nicholas Burns, the then-United States Ambassador to Greece, described what happened as "earthquake diplomacy" to The New York Times. Greece was previously under the control of Turkey, leading to a bitter independence fight that ended with Greece gaining independence from the Ottoman Empire in 1830.

☆ Judge could take months to decide case of Castro-era Cuban debt
▼ + stars: | 2023-02-06 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +4 min

The trial ended last week, but it could be months before the judge, Sara Cockerill, renders judgement in the case of CRF vs Banco Nacional de Cuba & Cuba. Her decision is central to whether Cuba may finally be forced to pay back billions of dollars in unpaid debts. At one point the barrister for CRF cited a British property case regarding the lease of a fried fish shop. The question before the judge is of whether the fund has the right to sue Cuba. No matter how the judge rules, the Cuban government will still owe the money.

Search resuls for: "reemerge"

25 mentions found